Annual Clerks report2024 This year has seen the completion of lots of significant projects at the Wyndham Cottle Almshouses whilst other have been put on hold. The Centenary Celebration has been planned, due to unforeseen circumstances itwill 3 years pastthe actual anniversary in May2025. We hope thiswill be an opportunityto highlight the need for almshouses in the modern day. We have held all of our quarterly meetings via zoom throughoutthe year. Our Four beneficiaries have maintained generallygood health throughout the year. Ann at no.1 has previously caused concern due to memory issue but there have been no significant changes this yearand she remains independent. She volunteers at a nunnery garden and has been on holidayto Scotland. Ann is well supported by herfamily, and the Trust maintain contact with them. so anyconcerns are easily raised and dealtwith. Gill at No.2 has settled in well. There were some initialteething issues setting up energy accounts at the propertywhich caused some distress, but this was resolved after a few months. Gill has recently had a hip replacement, and she was assisted to make heralmshouse suitable for her recovery process. Julia at No.3 has at times struggled with herfinances awaiting the receipt of pensions and benefit contributions. She enjoys spendingtime in the garden and walking her dog. Fred at No.4 has enjoyed trips to EastAngiiia and the Lake District to visitfamilyand friends. He maintains the communal gardens beautifully and lives off of produce of home-grown fruit and vegetables from his own garden for most of the year. Maintenance The trustees have focus on improvingthe energyefficiencytothe properties this yearwith the following works: 1. Loft insulation to all 4 properties-completed Jan 2024 2. This started with the replacement and repair of all blown windows to all4 properties- Completed March 2024 3.Replacement ofthe water heaters in properties No.1.2 and 3- Completed January 2024 4. Internal insulation to properties 1.2and 4 (property 3 insulated in 2023}-Completed Apriumay 2024 5. Installation of the ventilation system to aid airflowand prevent condensation-completed October 2024 6. Changingthe heaters for more efficient storage heaters in properties 1 and 4-Completed 2024 The other majortaskcompleted thisyear has been the replacement ofthe old septic tankfora WaterTreatment Plant- Completed December 2024 The trust had plan to complete works to improvethe parkingto the front drivewaythis year. but these have not been possible due tothe area being in constant use with all otherwork taking place. this is somethingthe trust wish to undertake soon. Finance Income from the maintenance charges for2024was £22.318. events and miscellaneous income was £172.09 with interest from the depositaccount and the MG shares distributions amountingto £1.560.73. The total income wastherefore £24.051. There were no outstanding debts on the maintenance charge account. The interest on the deposit accountwas retained within the deposit account butthe distribution amounts were paid into the current account. Expenditure for 2024 £30,784.03, representing a deficit of £6.733. The breakdown of expenses was: Buildings Maintenance £21,723.43. The main expenditureswere on the continuing upgrade of the insulation and heating in the cottages. Grounds and Sewerage Maintenance £3.657.84. The largestexpenditure was on the replacement of some boundary fencing. Administration £5,177. This was mainlythe Clerk's Honorarium and the property insurance. General Expenditure was £225. A refund for overpaid maintenance charges. The deficit, and additional expenditure forthe upgrade of the planned sewerage treatment plant was covered bya transfer of £20.OOOfrom the M&G Extraordinary Repair Fund. Total cash and investmentassets at 31SI December2024 were £128665 The maintenance charge had been increased in 2023 and allowance forthe anticipated upgrades included in this change. so no further increaseswere made during 2024. The value of the M&G Multi Asset Fund increased from £5,201.48 to 25,375.79 {£5,610.33 includingthe distributions paid to the current account). A return of 7.86%. The value of the M&G Extraordinary Repair Fund reduced from £66,913.31 to £52,261.08. The reduction was due to the withdrawal of £20.000 on 1ST November. If the withdrawal is added to the closing balance. the retum on the investment was 7.4% during 2024. No changes in the maintenance charge or investment strategy are recommended. Camilla Read Rhoderick Powell ChairofTrustees Trustee and Treasurer Dated: The Wyndham Cottle Almshouses Charlty Reglstratlon Number 1186009 Accounts for the year ended 31 December 2024 srATEMENT OF RNANCIAL AcllvTnES 2024 Generdl Restricted Funds Funds 2023 Incoming Resources General Income Total Total t)onations GiftAid Residents monthly maintenance charges Events and Misc income Grants £ 22,318 £ 172 £ £ 22,318 172 £ 17,580 999 £ 1,000 Income frorn Investments Interest on Natwest Notice account DistribLttion from M&G Income Untts £ 1,326 £ 235 £ £ 1,326 235 220 Total Incorning Resources £ 24A151 £ £ 24,051 £ 18,824 Change in available Funds over the year. Transfers from Natwest Notice account Transfers from M&G Income Units Transfers from M&G Accumulation Units £ 20.iYK) £ £ 20,￿) Resources Expended Building maintenan￿ Expense5 General Maintenance Planned Maintenance Professional Services and Reports £ 21,723 £ £ 3,658 £ E 21,723 £ 3,658 £ 10,842 £ 2,158 General Costs Administration General Operational Costs £ 5.178 £ 225 £ £ 5.178 225 £ 5,526 571 Total Resources expended £ 30.784 £ IDeficitl/Surplus of Income over expenditure -£ 6.733 £ £ 30.784 -£ 6,733 £ 20,198 399 Change in available Funds ry4erthe year. Transfers to Natwest Notice account (include interest) Transfer5 to M&G Income Units Transfers to M&G Accumulation Units 1,326 £ £ 1,326 The Wyndham Cottle Almshouses Charity Registration Number 1186009 Accounts for the year ended 31 December 2024 BALANCE SHEET at 31 December 2022 2024 Generdl Restricted Funds Funds 2023 CuNent Assets Total Total Bank Accounts Natwest Current Account (Account opened Feb 20211 Natwest Liquidity ManagerAccount (opened Feb 20211 £ 30.826 £ £ 40.202 £ £ 30,826 £ 40.202 £ 19,486 £ 40,202 Imlestments M&G Accumulation units lalc (K)241M)24851 £ 52.261 £ M&G Income units la/c (J)24CK124841 £ 5.376 £ 52,261 £ S,376 £ 63,002 £ 5,114 Total Ctsrrert Assets £128.665 £ £128,665 £127,804 These accounts were approved bythe Trustees on Mrs C Read Trustee and Chaimian of the Trustees and Mr R Powell Treasurer and Trustee