THE KENDAL CHARITY FOR THE AGED & INFIRM Rtyiittrtd Cbrity No 1185634 ANNUAL REPORT 1st DECEMBER 2023_ 30th NOVEMBER 2024 OFFICERsrrRUSTEES: The Charity ts run by 8 Trustees who WO on a voluntary basis." Chairperson and Truste¢- MTS Ann Nelson Honorary Treasurer gnd Trust¢e - Existing Trustee, Mr John G Stewart was appointed Tieasurer at the AGM, held on 15th Febnjary 2024, following the resignation, due to ill healtty of David H Salisbury. Honorary Secretary and Truslee - Mrs Marilyn Waiting {Te-¢l¢ct¢d 15th February 2024) Honorary Solititor - Mr John Cooke Trust¢e5: Mr Plip Bal Mr Alan Reed Mr GaTry S W<llting Miss Susan Mitchell {appoint¢d 15th February 2024) Mr Richard Pealing (appointed 15th May 2024) CoDfliet of Interest: The Trustees comply with the Conflict of Interest poli¢y set up in line with the Almshouse Association guid¢lin¢s. The Charity is a memlr of the National Ass(Jciation of Almshouses. AIMS- The Chatity provides almshouses in 45, purpos¢ built. I bedroom flats and bungalows. in KendaE. foi the elderly or infirrn. The Kendal Charity for the Aged and Infirm. originally named 'The Mayor of Kcndal's Fund for the Aged and Infiml,, a Charitable Incorporated Organisatioo the constitution dated 1st May 2018 s¢ts out the objectives of the Charity which are'.- l ) The allocatKon of Altnshouses for qualtying persons. being poor. aged or infimi persons who ate inhabitants of the area of benefit i.e. Kendal. 2) Such other charitable purposes beneficial to qualifying persons &s th¢ Charity Trttees think frt from tim¢ to tRm¢. OCCuPRS. All occupiers must live llxlependently. Thc Trustees make regular welfare visits to heck on the wellbcing and needs of occupiers and immediately catry out any improvements that may be required.
SAFEGUARDING: A safeguarding policy has been implem¢nted in line with the Almshouse Associatson guidelines. OCCUPIERS CONTRIBUTION: Due to a large operating deficit in 2022-23 it was dld¢d that the Monthty Maintenance Contribution (MMC). paid by existing occupier4 should bc increased from £150 to £190 per calendar month with effect from l# June 2024 with new occupiers paying £300 per month. The MMC is reviewed arUallY at the AG The Charity pays for the maintenance of the prop¢rti¢s. water rate4 television licences (whete applicable) and communal garden maintenance. VACANCIES: Vacant almshouses ar¢ advertised on the website, social media and with local organisations. Applicants who must be aged over 60 and liv¢ p¢nnanently in Kendal are required to complete a d¢tail¢d application forni and provtde references. All applications are considered by the Trustees and a short list of candidates are interviewed by two Trustecs b¢fore a final decision is made. There have been no vacancies this year. PROPERTY CONDITIONIMAINTENANCE . This year all th¢ properties were surveyed and quinquennial reports prepared. All th¢ Properties are in good condition except one which would benefit from some upgradin& however the occupier declined the offei for work to be CWTied out at PT¢s¢nt. Gas.'- Carbon monoxide alarnis are provided at all properties with a gas supply. Landlord checks and geICIng are carried out on an annual basis by local contractors. Electricity.. 5 yearly checks and upgrading, where required. was completed duting the year. Fire Risk.. All the properties h2ve firelsmoke alatms fitted. The Trustees have a rota to carry out a w¢¢kly fire alam test at each block of flats. A maintenance check is carried out 6 monthly in tlats and annually in bungalows. Legionella Risk: The properties have the water supply and temperatur¢s checked on a regular basis. Owupants are reminded of thc need to nm taps and showers regularly to Prevent the risk of infection. If an occupant is experiencing difficulties maang in their home e.g. due to lack of mobility, the Charity works alongside healthcare piofessionals to carry out any improvements required. at the Charity's expense. A system is in place which allows occupiers to report any repairlmaintenance that is required to a Tntee who will arrange for any necessary work to b¢ Carried out, as soon as possible, by local contractors. The contractors have also agreed call out arrangements for emergencies outside nonnal office hours. In an emergency the occupiers are allowed to call out the contractor themselv¢s.
COMPLAINfs: We hav¢ received no fomial compKaints dllng the year. Details of the complaint procedure is COV¢Ted in the Residcnts Handbook. a copy of which is given to each occupier. INVESTMENT POLICY: A Nomin¢¢ Company wlth Brewin Dolphm adminis*rs the stocks and shares on behalf of the Charity. The Trustees choose a low to moderate risk for thc inve5ttnents. Following advice it was decided that to secure the long terni financial h¢alth of th¢ Charity the risk level should be increased from S to 6 to meet the required returns in the future i.e. 2 % plus infiation and fees. FINANCLIL REVIEW: The Charity relies on the income received from its residents and is reliant on its investment income to subsidis¢ the Cost of mainkn'ning the properties. Detsils can bc s¢en in the Accounts and Financial Statements. CHARLESTENNANT HOUSE TRUST (CTHT) CbarltyNo 222170: The running and maintenance of the 4 flats at Tennant House. Bellingham Road continues to be carried out by the Trustees of CTHT who are also Trust¢¢s of KCAI. Th¢ amalgamation of CTHT and KCAI is currently being finalised with the Charity CommissiotL When this is complete CTHT will be fully Integrated with KCAI.
THE KENDAL CHARITY FOR THE AGED AND INFIRM CHARITY NUMBER 1185634 UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2024
THE KENDAL CHARITY FOR THE AGEDAND INFIRM CHARITY NUMBER 1185634 BALANCE SHEET AS AT30 NOVEMBER 2024 2024 2023 Notes Flxed assots Tangible assets Investrnenls 430,345 1,629.525 430,345 1.428,139 Current 488ets Cash at bank and in hand 2.059,870 1,858,484 81,678 44,478 Net ¢urr•nt xfy•ts 81.678 44.478 Total ass•ts lou curr•nl Ilabllltlos 2,141.548 1.902,962 ReValUaon reserve Accumulated inthe fund 212,367 1,929,181 37.958 1,865,004 2,141,548 1,902,962 The finanaal statements were approved by thè trusteos and slgned on their behalf, 3&J M Wailing ¢> G S Wallin
THE KENDAL CHARITY FOR THE AGED AND INFIRM CHARITY NUMBER 1185634 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2024 T•ngiblo Ilxod •860ts Land and bulldlngs Fre•hold Cost or valuatlon At 1 December 2023 & at 30 N¢)vomber 2024 430,345 Depr•¢lallon At 1 DKember 2023 & at 30 November 2024 Net book value At 30 Novembor 2024 430.345 At 30 November 23 430,345 Flxed asset Investments- managod Usted Investmgnts Markèt valuatlon Al 1 D¥ember 2023 Addibons Disposals 1.428.139 881,749 (680,363) AI 30 Novembgr 2024 Cost £1,390,181 1.e29,525 Statement of movements on reserves R¢valuatlon Accumulatsd re•etv• Incomo Fund Balance at 1 December 2023 Surplus for the year Other nb)vement 37,958 1,865,004 64.177 174,409 Balan¢6 at 30 November 2024 212,367 1,929,181
THE KENDAL CHARITY FOR THE AGED AND INFIRM CHARITY NUMBER 1185634 DETAILED REVENUEACCOUNT FOR THE YEAR ENDED 30 NOVEMBER 2024 2024 2023 In¢omo from re$Klents DcallOn 91,725 71,675 91.725 72,011 Admlnlstratlve expens•s Treasur9$ expenses Secretary's expenses Water Propty insurance Officers Insurance Li1 and heat RepairyJ and maintenare Garden malntenance Slallonery and advertlslng Television Il¢en¢e$ Residents paty SuNey fè8S Investment management fee$ 3.500 3.500 11.115 20,283 862 2,119 133.530 4,094 275 6.360 518 1,120 9,875 2,442 118 1,000 592 12,727 15,837 905 1,049 34,268 S,913 254 6,930 448 10.252 2.610 108 1.000 Bank charges Donation8 Sthsuiptions {103,744) (201,303) Op•rating deficlt (12,019) (129.292) Other Incom? Bank Interest r1ve{l Managed investment inwmg Net realised gain on sale of investments Unrealised loss on Investment valuati¢ 421 42,857 32,918 174.409 164 37.731 15.198 (15,756) 250.605 37.337 Net surplusl{defititl for tho yr 238,586 (91,955) Trdnsfor from valuatlon roservo {174.409} 15,887 R•talned deficlvsurplus 64.177 (76.066)
The Kendal Charity for the Aged and Infirm Financial Statements for the year ended 30 November 2024
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Raport to the trusteesl members of The Kendal Charity for the Aged and Infirm On accounts for thè year ended 30 November 2024 Charfiy no (if any) 1185634 Set out on pages I report to the trustees on my examination of the accounls of the above charity (kne Trust.) for the period ended 3011112024. Responslbllltles and basis of report As the charity's trustees. you are responsible for the preparation of the accounts in accordan with the requirements of the Charrties Act 2011 (Yhe A¢r). I r8port in respect of my examination of the Twst's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Dir8Ctlons given by the Charity Commissi¢)n under section 145151(b) of the Act. Independent I have completed my examination. I confimi Ihat rko material matters have examiner's statement Come to my attention in connection with the examination which gives me cause to believe that in. any material respect.. the accounting records were not kept in accordan with section 130 of the Charities Act,. or the accounts did not accord with the accountlng records.. or the a¢¢ounts did not comply with the applicable requirements conceming the form and content of accounts set out in the Charities (Ac¢ounts and Reporls) Regulations 2008 other than any requirement that the accounts give a Irue and fair, view which is not a matter considerèd as part of an independent examination. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report to enable a proper understanding of the accounts to be reached. Slgned: Date". Name: Christopher Brown Relevant professional qua16fl¢atlon(s> or body (If anyl: ICAEW IER Oct 2018
Address: Brown & Co, Libra House, Murley Moss Business Village Kendal LA9 7RL Section B Disclosure Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity a¢counts'. directions and guidance for examiners). Glve here brief details of any Items that the examlner wishes to dlsclose. IER Oct 2018
CHARln COMMISSIO FOR ENGLAND AND WALE The Kend61 eharlly for the A98d & Infirm No lif anyl Receipts and payments accounts CC16a For th• poriod from 01.'12,'20I3 30'11.202a To Section A Receipts and payments Unrestrfcted funds ¢0 thg no•mt Restrtct•d funds Endowmènt fund8 Totsl funds Last year t¢tP• rwroStE to the neareJt£ tothe noar•st É toth8 now•st£ A1 R•c•ipts 91,725 10,70CI 91,n6 71,675 37.161 336 OM(Èndsand intèrest DJnabon Sub total(Gmss income lor AR) A2 Asset and Invojtment $#l•s, Is•• tablo). 131426 131425 IIA1n sae ofinvestments 882,Y2 882,942 543.309 Sub total 815.366 114386 ents Rate5. insurantè, rep8irn aThJ TV Uctn 79.223 10.¥ 180.B48 Tw$teeeywse¥ stati(, 8dv*ts and Indemnity InveStrt rnanag2pneni fees Attountarey 10,5 1.159 111252 1610 10,252 2.610 1,175 Sub total 103.743 103.743 A4 A8$•t ond Investment ur¢h•8eg, {stt tabl•l paSe of investments 674,422 674,422 674422 14422 53lfj68 Sub total 778.165 m.i66 733.971 Net of rncelpts/(paymeiits) 6 Trnn¥lers between funds A6 Cash fund$ la$t year end Cosh funds this year end 37.202 37.202 81Ng0 44.477 81,679 44A77 81.879 125,967 44,4TI CCXX R1 accounts ISSI 281031202S
Section B Statement of assets and liabilities at the end of the period Unrestric¢ed fundj to neare¥t£ Restrfcted funds tortarest É Endowm•nt fund¥ nearo•¢£ Categories Details 81 Ca¥h funds Bank 64.139 knveslrrent maaerg 17.540 Total cash funds 81.679 lgll (Inr•strlcted funds Rètstri¢tsd fitnds ErMlowm•nt fund¥ Dètalls Fund towhlch Curr•rrt valu2 lonTrJ 1,621S22 Details Co•tloFllonall 1A34.OJI B3 Inve8tment a880t8 Unrostrfcted Fund tOWhh asset b8lon Cwwnt V41ue DÈtalls Cost lopuonall B4 A8s0ts rfrtalned ft>r tho harity'¥ own use Fund towhlch r•lates Amourtd onal When lonal Details no BS Liabilities &9ned by one or hvo trust¥6 on beha of all the trustees Datè of v81 I*L Slgnature Prlnt Name rtiftrt) CCXX R2 awounts ISSI 2PJ0312025