## **TETBURY WELFARE CHARITIES** 

# **ANNUAL REPORT AND ACCOUNTS FOR YEAR ENDING 30 NOVEMBER 2024** 

**Charity Number 202288** 

1 



## **Annual Report** 

## **Introduction** 

Tetbury Welfare Charities (charity number 202288) comprise Tetbury Almshouse Charity (charity number 202288-1) and Tetbury Relief in Need Charity (charity number 202288-2). Tetbury Welfare Charities has two principal activities, divided into separate sections. The first is the provision of an almshouse for single women, the second a relief in need charity within the Tetbury area. 

Tetbury Welfare Charities have no office. 

Their governing document is a Charity Commission scheme dated 23 December 1970. 

## **Trustees** 

There are 14 trustees (two posts currently vacant). Eight are ex officio, being the vicar of St Marys’ Church, Tetbury and the Feoffees of Tetbury. Two nominative trustees are appointed by Tetbury Town Council and one nominative trustee by Tetbury Upton Parish Council. Nominative trustees are appointed for four years. There are also three co-optative trustees who must reside or carry on business in the area benefitting from the charities. Co-optative trustees are appointed for five years by a resolution of the trustees. 

The trustees during the period from 1 December 2023 to the date of this report were 

Mrs Nicola Ind (Chair) Ms Zowie Baker Mr William Cook Mrs Moira Hardwick Mr David Hicks Mr Stephen Hirst (until 21 March 2024) Mr Michael Houghton Mr John Hugginson Revd Veronica Hughes (until 11 September 2024) Mrs Rachel Lee Mr David Norris (until 16 October 2024) Mr Harold Pearce Mr Michael Tanner Mr Lancelot Vick Mr Anthony Walsh (from 17 October 2024) 

2 



## **Purposes** 

The purposes of the charities are:- 

**Tetbury Relief in Need Charity** – the benefit of residents of the parishes of Tetbury, Tetbury Upton and that part of the parish of Westonbirt formerly within the area of the ancient parish of Tetbury who are in conditions of need, hardship or distress. 

**Tetbury Almshouse Charity** - almshouses for poor women resident in the parishes of Tetbury, Tetbury Upton and that part of the parish of Westonbirt formerly within the area of the ancient parish of Tetbury. 

The trustees have regard to the Charity Commission’s guidance on public benefit. 

The Tetbury Welfare Charities accounts were examined by Mr J Cary and signed as correct and are shown below. 

## **Tetbury Relief in Need Charity** 

There is no age limit on applicants for grants from the unrestricted fund. Provided there are conditions of need, hardship or distress all applicants are considered by the trustees. The trust does not help with council tax or any form of taxation, and a grant may not be repeated or renewed for the same purpose. Referrals are normally made through St Mary’s Primary School, Sir William Romney’s School, a playgroup or nursery, the local surgery, the foodbank, Tetbury hospital, the Citizens Advice Bureau, the Police Community Support Officer, a day centre, or a local church or council. 

During the year nine grants were made as listed under note 2 on page 6 and two donations were received as listed under note 1 on page 6. 

At 30 November 2023, Tetbury Relief in Need Charity held funds in its treasurers account at Lloyds Bank as agent for The St Mary’s Wednesday and Friday Day Centre. This ceased activities in 2022 and the two ladies who used to run it, Penny Williams and Carol Cox, on 3 January 2024 donated the remaining funds to be used by Tetbury Relief in Need Charity for the relief and welfare of persons over the age of 65 in Tetbury. 

## **Tetbury Almshouse Charity** 

Tetbury Almshouse Charity is affiliated to the National Association of Almshouses. It offers accommodation to three ladies with local connections. It is responsible for the maintenance of the almshouses and gardens and insures the building and contents. The ladies pay a weekly maintenance charge which is reviewed annually. Health and safety checks are carried out. The ladies care for themselves but the trustees are aware of their well-being and are in regular contact. 

3 



The almshouses continue to be occupied by three ladies, although one is currently living with her parents due to ill health. Her weekly maintenance charge continues to be paid. The occupant of flat 2 sadly died in December 2023 but a new occupant took up residence in February 2024. Work was carried out to the kitchen area in flat 2 and new carpet laid before the new occupant moved in. 

No increase in the weekly maintenance charge has been made since January 1[st] 2023 (the current weekly maintenance charge is Flat 1 £574 x 13 payments a year and Flats 2 and 3 £369 x 12 payments a year). 

18 December 2024 

4 



## **TETBURY RELIEF IN NEED CHARITY** 

## **ACCOUNTS FOR YEAR ENDING 30 NOVEMBER  2024** 

## **RECEIPTS AND PAYMENTS ACCOUNT FOR YEAR ENDING 30 NOVEMBER 2024** 

|**INCOME**|**2024**<br>**Unrestricted**<br>**£**|**2024**<br>**Over 65s**<br>**Restricted**<br>**£**|**2024**<br>**Total**<br>**£**|**2023**<br>**£**|**Note**|
|---|---|---|---|---|---|
|Donatons|180.00|3,921.08|4,101.08|260.00|1|
|COIF Charites Deposit<br>Account interest|937.17|-|937.17|703.41||
|Lloyds Business<br>Account interest|175.84|-|175.84|95.60||
|COIF Charites<br>Investment Fund<br>dividends|3,866.80|-|3,866.80|3,813.60||
|**Total income**|**5,159.81**|**3,921.08**|**9,080.89**|**4,872.61**||
|||||||
|**EXPENDITURE**||||||
|Grants|2,308.25|-|2,308.25|1,957.58|2|
|**Total expenditure**|**2,308.25**|**-**|**2,308.25**|**1,957.58**||
|||||||
|**Surplus/(Defcit) of**<br>**income over**<br>**expenditure foryear**|**2,851.56**|**3,921.08**|**6,772.64**|**2,915.03**||
|||||||
|**CHANGE IN VALUE OF**<br>**INVESTMENTS**||||||
|Increase/(decrease) in<br>value of COIF Charites<br>Investment Fund units<br>overyear|**11,281.20**|**-**|**11,281.20**|**1,005.20**||
|||||||
|**Increase/(Decrease) in**<br>**assets overyear**|**14,132.76**|**3,921.08**|**18,053.84**|**3,920.23**||



Total assets at 1 December 2023 £166,402.45 Add increase in assets for year £  18,053.84 Total assets at 30 November 2024 £184,456.29 

5 



## **ASSETS AT 30 NOVEMBER 2024** 

||**30 November**<br>**2023**<br>**£**|**30 November**<br>**2024**<br>**Unrestricted**<br>**£**|**30**<br>**November**<br>**2024**<br>**Over 65s**<br>**Restricted**<br>**£**|**30**<br>**November**<br>**2024**<br>**Total**<br>**£**|
|---|---|---|---|---|
||||||
|COIF Charites<br>Investment Fund|133,192.50|144,473.70|-|144,473.70|
|COIF Charites<br>Deposit Fund|18,134.69|19,071.86|-|19,071.86|
|Lloyds Business<br>Account|14,375.90|16,418.54|-|16,418.54|
|Lloyds Treasurer’s<br>Account|699.36|571.11|3,921.08|4,492.19|
|**Total**|**166,402.45**|**180,535.21**|**3,921.08**|**184,456.29**|



## **Notes to Accounts** 

## **1. Donations** 

In 2023/24, donations were received from 

|Mrs P Williams and Mrs C Cox on||
|---|---|
|Cessaton of Day Centre|£3,921.08|
|Hodges Charity|£   180.00|
||________|
||£4,101.08|



## **2. Grants** 

In 2023/24, the following grants were made 

|Almshouses Christmas presents|£200.00|
|---|---|
|Furniture for Flat 2 Almshouse|£225.95|
|Bed and matress for Flat 2 Almshouse|£285.00|
|St Mary’s School – emergency bedding|£  44.87|
|St Mary’s School – pupils to residental camp|£551.93|
|St Mary’s School – child to Atlas Camp|£138.00|
|St Mary’s School – play therapy|£500.00|
|St Mary’s School – fund pupil for transiton week|£150.00|
|St Mary’s School – forearm walker for stroke patent|£212.50|
||________|
||£2,308.25|



6 



## **FUNDS HELD BY TETBURY RELIEF IN NEED CHARITY AS AGENT** 

## **DAY CENTRE** 

## **RECEIPTS AND PAYMENTS ACCOUNT FOR PERIOD ENDING 3 JANUARY 2024** 

|**INCOME**|**Period to 3 January**<br>**2024**<br>**£**|**2023**<br>**£**|
|---|---|---|
|Grants,donatons and events|-|151.52|
|Clientpayments|-|-|
|**Total income**|**-**|**151.52**|
||||
|**EXPENDITURE**|||
|Donaton to Tetbury Relief in<br>Need for relief and welfare of<br>persons over age of 65 in<br>Tetbury|3,921.08|-|
|Refund ofgrant to Cotswold DC|-|2,321.28|
|**Total expenditure**|**3,921.08**|**2,321.28**|
||||
|**Surplus/(Defcit) of income**<br>**over expenditure foryear**|**(3,921.08)**|**(2,169.76)**|



## **ASSETS AT 3 JANUARY 2024** 

Lloyds Treasurer’s Account 

- Balance 1 December 2023 

- Less Deficit for year 

£   3,921.08 £   3,921.08 

- Balance 3 January 2024 £   - 

7 



## **TETBURY ALMSHOUSE CHARITY** 

## **Receipts and Payments Account for year ended 30 November 2024** 

||**General**<br>**(unrestricted)**|**Cyclical**<br>**Maintenance**<br>**Fund**<br>**(designated)**|**Extraordinary**<br>**Repair Fund**<br>**(restricted)**|**All Funds**<br>**2024**|**All Funds**<br>**2023**|**Notes**|
|---|---|---|---|---|---|---|
|**INCOME**|**£**|**£**|**£**|**£**|**£**||
|Weekly maintenance<br>charge|15,211.00|-|-|15,211.00|16,240.00||
|Lloyds Business Account<br>interest|233.95|-|-|233.95|405.78||
|M&G Charites Mult<br>Asset Fund Income Units<br>dividends|63.78|-|-|63.78|57.41||
|CCLA Deposit Fund –<br>General interest|2,072.69|-|-|2,072.69|107.50||
|CCLA Deposit Fund –<br>Cyclical Maintenance<br>interest|-|156.07|-|156.07|8.09||
|**Total income**|**17,581.42**|**156.07**|**-**|**17,737.49**|**16,818.78**||
||||||||
|**EXPENDITURE**|||||||
|Almshouses Associaton|267.00|-|-|267.00|153.00||
|Insurance|967.19|-|-|967.19|946.50||
|Gas|1,127.17|-|-|1,127.17|1,494.86||
|Electricity|893.10|-|-|893.10|-|1|
|Water|1,181.99|-|-|1,181.99|689.95|2|
|Repairs and maintenance|3,141.82|-|-|3,141.82|5,975.80|3|
|Other|1,619.20|-|-|1,619.20|17.99|4|
|**Total expenditure**|**9,197.47**|**-**|**-**|**9,197.47**|**9,278.10**||
||||||||
|**Transfer between funds**|**(5,049.00)**|**3,132.00**|**1,917.00**|**-**|**-**|**5**|
||||||||
|**Surplus/(Defcit) of**<br>**income over expenditure**<br>**foryear**|**3,334.95**|**3,288.07**|**1,917.00**|**8,540.02**|**7,540.68**||
||||||||
|**CHANGE IN VALUE OF**<br>**INVESTMENTS**|||||||
|Increase/(decrease) in<br>value of M&G Charity<br>Mult Asset Fund Income<br>Units overyear|131.09|-|-|131.09|(52.31)||
|Increase/(decrease) in<br>value of M&G Charity<br>Mult Asset Fund<br>Accumulaton Units over<br>year|-|-|703.50|703.50|31.23||
||||||||
|**Increase/(Decrease) in**<br>**assets overyear**|**3,466.04**|**3,288.07**|**2,620.50**|**9,374.61**|**7,519.60**||



8 



## **ASSETS AT 30 NOVEMBER 2024** 

|**ASSETS**|**General**<br>**(Unrestricted)**|**Cyclical**<br>**Maintenance**<br>**Fund**<br>**(Designated)**|**Extraordinary**<br>**Repair Fund**<br>**(Restricted)**|**All Funds**<br>**2024**|**All Funds**<br>**2023**|**Notes**|
|---|---|---|---|---|---|---|
||**£**|**£**|**£**|**£**|**£**||
|1,594.826 M&G<br>Charity Mult Asset<br>Fund Income Units|1,500.89|-|-|1,500.89|1,369.80||
|60.764 M&G Charity<br>Mult Asset Fund<br>Accumulaton Units|-|-|7,458.93|7,458.93|4,838.43|6|
|CCLA Deposit Fund -<br>General|42,180.19|-|-|42,180.19|40,107.50||
|CCLA Deposit Fund –<br>Cyclical maintenance|-|6,308.16|-|6,308.16|3,020.09||
|Lloyds Business<br>Account|17,062.98|-|-|17,062.98|15,875.25||
|Lloyds Treasurer’s<br>Account|5,193.77|-|-|5,193.77|5,119.24||
|**Total**|**65,937.83**|**6,308.16**|**7,458.93**|**79,704.92**|**70,330.31**||



## **Notes** 

## **1. Electricity** 

The cost of electricity in 2023 was covered by a credit that had built up on the account. 

## **2. Water** 

In April 2023, the charity moved from paying annually for water to paying by monthly direct debit. The figure for 2023 represents seven monthly payments. 

## **3. Repairs and maintenance** 

Repairs and maintenance were as follows: 

|||**£**|
|---|---|---|
|A Elliot|Gardening|273.99|
|Chubb|Servicingfre extnguishers|284.48|
|D A Cook|Servicingcentral heatng|93.60|
|D B Home Improvements|Kitchen  unit,  sink  and  work<br>units in Flat 2|200.00|
|H Pearce|Fridge for Flat 2|159.00|
|H Pearce|Light bulbs|10.35|
|R & J Pearce|Installingfridge|58.80|
|R & J Pearce|PlumbingFlat 2|973.20|
|R & J Pearce|Boiler repairs|158.40|
|Richard Jones|Roof repairs|250.00|
|TetburyCarpets|Carpets for Flat 2|680.00|
||||
|**Total**||**3,141.82**|



9 



## **4. Other** 

Other expenditure comprises: 

|||**£**|
|---|---|---|
|H Lee|Flowers for resident’s<br>funeral|40.00|
|TetburyAdvertser|Advertsingfor new resident|79.20|
|James Slater (Surveyors)<br>Limited|Report on conditon of<br>almshouses|1,500.00|
||||
|**Total**||**1,619.20**|



## **5. Transfers between funds** 

£3,132.00 was transferred from the general fund to the cyclical maintenance fund to cover repairs that need to be made periodically. The cyclical maintenance fund is a fund which the trustees are permitted but not required to maintain by the charity’s constitution and is therefore  a  designated  fund.  The  amount  transferred  is  in  line  with  the  amount recommended by the Almshouse Association. 

£1,917.00 was transferred from the general fund to the extraordinary repair fund to build up a fund to cover extraordinary repairs that do not recur periodically. The trustees are required by the charity’s constitution to maintain an extraordinary repair fund. Since that fund can only be used for extraordinary repairs it is a restricted fund. The amount transferred is in line with the amount recommended by the Almshouse Association. 

## **6. M&G Charity Multi Asset Fund Accumulation Units** 

A further 15.617 Accumulation Units were purchased for £1,917.00 on 29 November 2024 to invest the £1,917.00 transfer from the general fund to the extraordinary repair fund. 

10