Trustees. Annual Report for the period From Period start date To Period end date C,3 Charity name New Windsor Municipal Charities Other names charity is known by Registered charity numbei (rf any) 201913 Charity's principal address Ellison House, Victoria Street, Windsor, Berkshire Postcode SL41EW Names of the charity trustees who manage the charity Dates acted rf not for whole Office (rf any) year Trustee name Name of person (or body) entitled to appoint trustee (if any) Co-operative RBWM RBWM 1 Mr Guy Barlow 2 Cllr Helen Price 3 Cllr Karen Davies 4 Mr Shamsul Shelim Mr Christopher Simon Rev Canon Sally Lodge 7 Mr Martin Wing Chairman Co-operative Co-operative Ex-officio ViGe-Chaimian Co-operative 10 11 12 13 14 15 16 17 18 19 20 Names of the trustees for the charity. if any, (for example, any custodian trustees) Name Dates acted if not for whole ear TAR March 2012
Names and addresses of advisers (Optional information) e of adviser Name Address Name of chief executive or names of senior staff members (Optional information) Description of the charity's trusts Trust Deed (dated 27th November 1903. varied 1950,1953 and 2006 Type of governing document How the charity is constituted Trust Deed states that the Trustees shall be one Ex-officio (Vicar or Senior Parish Priest of St. John the Baptist Church) Four Representatives and seven Co-optative's. Trustee selection methods Representative Trustees are appointed by the Royal Borough of Windsor and Maidenhead for three years and Co-optative's for 5 years. All Trustees can be reappointed. Additional governance issues (Optional information) There is no official training of Trustees. The Co-optative Trustees are appointed for their wide knowledge and experience in various fields including Finance, Building Maintenance, Law, Housing Associations, Welfare and also other Charities. You may choose to include additional information, where relevant, about: policies and procedures adopted for the induction and training of trustees; the charity's organisational structure and any wider network with which the charity works; relationship with any related parties; trustees, consideration of major risks and the system and ProdureS to manage them. Summary of the objects of the charity set out in its governing doGument The main business of our Charity is providing homes for elderly low- income people of Windsor. The largest task is the upkeep of the alms- house (Ellison House) in which there are 27 units of accommodation built in 1862, modemised in the 1980's and listed. There is an office, boiler room, board room (which has a bed settee, a small kitchen and toilet) occasionally used by the residents, families for brief stays particularly if the resident is sick. TAR March 2012
There is a small laundry room and a specially built shelter for storing and charging three electric mobility scooters. The Trustees understand and have regard to the guidance issued by the Charity Commission on public benefit. The Charity is a member of the Alms-house Association and of the Housing Ombudsman Scheme. Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory , declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit) Additional details of objectives and activities (Optional information) You may choose to include further statements. where relevant, about: policy on grantmaking; policy programme related investment; contribution made by volunteers. TAR March 2012
Summary of the main achievements of the charity during the year A quinquennial survey on the building was completed in August 2019 and the trustees have been acting upon the recommendations specifically: _ A five-year electrical certificate has been commissioned. A window drain survey was carried out and all remedial work required was carried out. A programme of decorating the extemal windows, painting and recarpeting the common parts ie hallways is ongoing. The refurbishment and painting of the board room has been carried out. After quotes were obtained, work was carried out relating to the roof spaces and the installation firebreaks. The Trustees have commissioned a new quinquennial survey on the building. The Housing Units were fully occupied for most of the year and there are currently no vacancies. TAR March 2012
The Trustees, policy on reserves is to hold a substantial sum commensurate with keeping a large, listed building that was built more than 150 years ago maintained to the neSSary high standard. Brief statement of the charity's policy on reserves The reserves, represented by the investments and net current assets, stand at about £1.066 million at 31st March 2024 (£1.022m- 2023) which is considered adequate and is well above the £800,000 target. The increase over the year is due to the increased market value of the investments and net cash inflow. The Receipts and Payments Account shows a surplus of receipts over payments of £14,656 (net oufflow £19,376- 2023) for the year. The main source of income was the contributions paid by the residents of the alms- houses and these covered 95 % of the running costs in the year. The income from the invested reserves was about £2,000 higher than the previous year. The Trustees consider the financial position as at 31st March 2024 to be satisfactory. Details of any funds materially in deficit n/a Further financial review details (Optional infomiation) You may choose to include additional information, where relevant about: the charity's principal sources of funds (including any fundraising); how expenditure has supported the key objectives of the charity; investment policy and objectives including any ethical investment policy adopted. Section F i- ,Other optional information The Trustees meet 4 times a year. The Trustees employ Mrs Jan Adams as Secretarylwarden. The day to day running of the Alms-house and the residents, welfare are delegated to her. TAR MarGh 2012
The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signature(s) Full name(s) Guy Jonathan Barlow Position (eg Secretary, Chair, etc) Chairman Date TAR March 2012
Registered Charity Number 201913 NEW WINDSOR MUNICIPAL CHARITIES Unaudited financial statements for the Year ended 31st March 2024
New Windsor Municipal Charities Independent Examiner's report to the Trustees of New Windsor Municipal Charities I report on the accounts of Naw Windsor Mu,ryicipal Charities (the Charity) for +he year ended 31st March 2024, which are set out on pages I to 4. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the ACV). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5){b) of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: l. accounting records were not kept in respect of the charity as required by Section 130 of the Act; or 2. the accounts do not accord with those records. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Neil Beaton Janda, The Friary Old Windsor SL4 2NR
New Windsor Municipal Charities RECEIPTS AND PAYMENTS ACCOUNT Year ended 31st March 2024 General Fund Endowment Fund Note Total 2023 Receipts Almshouse contributions and service charges Investment income Bank interest Miscellaneous income 135,603 18,552 1,618 1,990 157,763 135,603 18,552 1,618 1,990 157,763 139,396 16,490 294 1,505 157,685 Total receipts Payments Mana ement and runnin Staff costs Administration and running costs Utilities General maintenance Extraordinary maintenance costs of the Almshouses: 22,409 18,673 23,745 40,653 36,739 142,219 22,409 18,673 23,745 40,653 36,739 142,219 20,523 18,590 13,133 27,116 36,928 116,290 Governance: Accountancy and Examiner's fees 888 888 771 143,107 143,107 117,061 Investment urchases BlackRock Charities UK Bond Fund COIF Investment Fund shares CAF UK Equity B Income shares 20,000 20,000 20,000 60,000 177,061 Total Payments 143,107 143,107 Net receipts/(payments) Cash funds at 31st March 2023 14,656 117,426 132,082 14,656 117,426 132,082 (19,376) 136,802 117,426 Cash funds at 31st March 2024 The notes on pages 3 and 4 form part of these accounts. Page I
New Windsor Municipal Charities STATEMENT OF ASSETS AND LIABILITIES At 31st March 2024 General FiJ.nd Endowment Fund Total 2023 Note Cash funds Balances at bankers and cash in hand 132,082 132,082 117,426 Other monetary assets Debtors and prepayments 4,057 4,057 3,927 Investment assets Unit trusts at market value 936,704 936,704 906,945 Assets retained for the charity's own use Almshouse property 533,553 629,740 1,163,293 1,163,293 Liabilities Creditors and accruals 7,267 7,267 5,724 Net asset value at 31st March 2024 1,599,129 629,740 2,228,869 2,185,867 Approved by the trustees on 17th July 2024 and signed on their behalf by: G J Barlow Trustee C.M.A.Simon FCA Trustee The notes on pages 3 and 4 for part of these accounts. Page 2
New Windsor Municipal Charities NOTES TO THE ACCOUNTS Year ended 31st March 2024 l. Basis of preparation These accounts have been prepared as Receipts and Payments Accounts under S.133 of the Charities Act 2011. 2. Fund accounting The charity maintains various types of funds as follows: General (unrestricted) fund: General (unrestricted) fund represent resources which are expendable at the discretion of the Trustees in the furtherance of the objects of the charity. Permanent Endowment fund: Funds granted for the specific purpose of acquiring the Almshouse property. Subsequent additions and improvements have been paid for from general funds. 2023 3. Staff costs Salaries and wages Pension costs 21,741 668 19,189 398 22,409 19,587 4. Extraordinary maintenance Lofts clearance, boarding and refurbishment Refurbishment of the boardroom suite Exterior decorating Refurbishment of one flat Installation of lightning conductor 14,790 21,949 14,211 12,676 10,041 36,928 36,739 5. Almshouse property Cost at 1st April 2023 and 2024 1,163,293 The Almshouse property is owned freehold and is a listed building. It is maintained to a high standard. The trustees believe that the property has a value at least equal to the accumulated cost shown above and, therefore, depreciation is not provided in respect of either the land or the building. Page 3
New Windsor Municipal Charities NOTES TO THE ACCOUNTS continued Year ended 31st March 2024 6. Investments The original cost of some of the investments is unknown. The costs shown are for more recent additions to the investment portfolio. Holdin 31,3,2024 Cost 31.3.2024 Market value 2024 2023 Cost known BlackRock Charities UK Bond Fund units COIF Investment Fund shares CAF ESG Growth & Income Fund Income shares 99,067 10,440 109,500 144,000 143,600 144,525 432,125 144,321 214,035 190,789 549,145 146,514 195,372 179 437 521323 Cost unknown M & G Charities Common Investment Fund Income units Accumulation units 70,108 3,000 63,735 323,824 387,559 g36,704 62,620 323 002 385 622 Total market value of ortfolio 906,945 Page 4
New Windsor Municipal Charities Independent Examiner's report to the Trustees of New Windsor Municipal Charities I report on the accounts of New Windsor Municipal Charities (the Cb,arity) for +he year ended 31st March 2024, which are sel Out on pages I to 4. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the ACY). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: l. accounting records were not kept in respect of the charity as required by Section 130 of the Act; or 2. the accounts do not accord with those records. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Neil Beaton Janda, The Friary Old Windsor SL4 2NR 2024