Registered Charity Number 201913 NEW WINDSOR MUNICIPALCHARMES Unaudited financial statements for the Year ended 31st March 2025
New Windsor Municipal Charitie5 Independent Examiner's report to the Trustees of New Windsor Municipal Charities I report on the accounts of New Wlndsor Municipal Chartties Ithe Charltyl for the year ended 31st Mar¢h 2025, whlch are Set out on pages I to 4. Responslbllltles and basls of rep¢xt As the charlty trustees of the Trust you are responslble forthe preparation of the accounts in accordance with the requirements of the Charities Act 20111'the ACVI. I report In respect of my examlnatlon of the Trusfs accounts carrted out under sectlon 145 of the 2011 Act and In carylng out my examinatlon I have followed all the appllcable Dlrectlons glven by the Charlty Commission under section 14515llbl of the Art. Independent examln*s statement I have completed my ex•min•tion. l confirni that no material matt•rs hav• corrn to my attentlon in connectlon wlth the Èxamlnètlon glvlng me cause to bellevè that In any m)terial respect: l. accountinl records were not kept in respect of the charity as required by Section 130 of the Act; or 2. the accounts do not accord wlth those records. I have no £on¢erns •nd have come Kross no other matters In connectlon wlth the ex4mlnatlon to whleh attentlon should be drawn In thb report In oryler to enable 4 proper understandlni of the •¢counts to be reached. Nell Beaton 48 Moryans Quay strand Telgnmouth TQ14 8XZ Date: 11...o.¥¥nL. 2025
New Wlndsor Munlclpal Charltles RECEIPTS AND PAYMEpifs Accoumr 31st Ma 2025 Gener41 Fund Endowment Fund Totsl 2024 Re¢elpts Almshouse contributions and service charges Investment income Bank interest Mlscellaneous Income 135.188 19.634 1.612 1.570 158,(MJ4 135,188 19.634 1,612 1,570 158,004 135,603 18.552 1,618 1,990 157,763 Total r¢c•lpts Payments Mana eme stsff costs Admlnlstratlon ènd runnlni costs Alm5houses'. 24.104 21,831 29,751 35,099 12,957 24,104 21,831 29,751 35,099 12,957 22,409 18,673 23,745 40,653 36,739 142,219 General maintenance Extraordlnary malntenance 123.742 123.742 verna Accountsncy and Ex•mln¢r's fMs 124.630 124.630 143,107 Investment BlackRo¢k Charitles UK Bond Fund COIF Investment Fund shares CAF UK Equity B Income Shares M & G Charities Common Invastment Fund 25,C(rf) 25.Crt)O 25,000 25.OCO 100,(K#) 25,000 25,0 25,CQD 25,000 l(MJ,000 224,630 Tot•1 P•ym•nts 143,107 Net Ip•ym•nts)Irff¢lpts Cash funds at 31st March 2024 Cash funds at 31rt March 2025 166,6261 132,082 65,456 166,6261 132,082 65,456 14.656 117,426 132,082 The notes on pa8es 3 and 4 form prt ofth¢s¢ •¢¢ounts. Page I
New Windsor Municipal Charities ATEMElff OF ASSEfs AND UABILMES At 315t Marih 2025 General FL6nd Endowment Fund Totsl 2024 Note Cash funds Balances at bankers and cash in hand 65,456 65,456 132,082 Other monetsry assets Debtors and prepayments 3,942 3,942 4,057 Investm¢nt assets Unit trusts at market valuÈ 1,065.493 1,065,493 936,704 Assets retalned for the chailty's (rlm use Almshou property 533.553 629.740 1,163,293 1,163,293 Llabllltles Creditor5 and occrua15 3.714 3,714 7,267 Net asset value at 31st Mayth 2025 1.664.730 629.740 2,294,470 2,228,869 Approved by the trustee5 on 16th July 2025 and slgned on their beh•lf by.. G J Barlow Trustee C.M.A.Slmon FCA Trustee The notes on pages 3 and 4 rm part ofthese accounts. Pa8• 2
New Wlndsor Municipal Charities NOTES TO ThE cou Year ended 31st Marth 2025 l. Basls of pr•parntlon These ae¢ounts have been prewred J5 Receipts and Payments Accounts LTrnder S.133 of the Charltles Act 2011. 2. Fund accountln8 Th• charity maintains varlou5 type5 of fund5 as follows: General {unrestrictedl fund: General lunrestrictedl fund represent re50urce5 which are expendable at the dlxretlon of the Trustees in the furtherance of the objects of the charity. Pérnianent Endowm•nt fund: Funds granted for the specific purpose of acquiring thè Alrnshouse property. Subsequent additions and improv•m•nts have been paid for from i•n•nl funds. 2024 3. Staff costs Salarles Ind wales P•ftslon ¢osts 23,318 786 21,741 24,104 22,409 4. Extraordlnary malnt•n•nc• Loft5 clearance, boJrdin8 and refurbishmet)t Refurbishment of the boardroom sulte 14,790 21,949 36,739 14,790 21,949
REFI
- AlmJhoui• prop•rty Cost at 1st Aprll 2024 •nd 2025 1,163,29J The Alrnshouse property Is owned freehold and Is a Ilsted bulldlni. It Is m•lntsln•d to • hlgh Stsndard. The trustees beli• th•t the property h8$ a value at least equal to the accurnulBted cost shown above and. therefore, deprKlaUon13 not provlded In respect of elther the land or the building. Page 3
New Windsor Munlclpal Charftles NOTESTO THE ACCOUNTS ar ended 3 March 2024 nllnued 6. Invesbments The ori4lnal cost of some of the investments Is unknown. The costs shown are for more recent addition$ to the Investment portfolio. Holdl Cort .3.2025 Mark•t valu• 2025 Cost known Bla¢kRock Charities UK Bond Fund units COIF Investment Fund share5 CAF ESG Growth & Income Fund Income shares 106,402 11,65S 198,989 169.C 168,6 169.525 507.125 165,788 227.040 215,008 607,836 144,321 214,035 190 789 549 145 Orl Inal M & G Ch8riti•s Common In¥•stm•nt Fund Income unlts Accumulation unlts 96.6S6 25,¢XKI 89.967 367,690 457.657 1.065,493 63,735 323 824 25,(MX) 387 559 Totsl market value of rtfollo 936,704