Trustees’ Annual Report For the period
CHARITY COMMISSION
FOR ENGLAND AND WALES
Period Start Date 01 01 2020 Period End Date 31 12 2020
Charity Name Tibberton Almshouse Trust Charity No 202311
Objectives and Activities
- Summary of the purposes of the charity as set out in its governing document.
To permit the properties to be forever occupied by aged or infirm persons of the Village of Tibberton (Now Tibberton, Taynton, Rudford and Highleadon, Highnam and where merit exists).
- Summary of the main activities in relation to those purposes for the public benefit, in particular the activities, projects or services identified in the accounts.
To provide housing for the elderly and maintain the environment surrounding the properties to a decent standard.
- Statement confirming whether the Trustees have had regard to the guidance issued by the Charity Commission on public benefit.
Due note is taken of the guidance on public benefit and the Trust has undertaken to renovate and refurbish one of its properties during the year (complete 2021) and continues to improve the environment within which the properties lie.
Additional Information
- Policy on grant making.
The Trust has no policy on grant making due to its size.
- Policy on social investment including program related investment.
All income received by the Trust in the form of Monthly Maintenance Contributions is re-invested into the well-being of its residents. Together with a loan from The Almshouse Association the Trust refurbished and renovated one of its properties during 2020.
- Contribution made by volunteers.
Like-minded volunteers assist the Trustees when and where available.
Achievements and Performance
- Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.
The Trustees support their residents (beneficiaries) by providing a decent environment to live in. One property was renovated and refurbished during 2020 and more fencing and landscaping carried out. Services such as Water Rates, TV licence, Septic Tank clearance, Green Wheelie Bin(s), House Content and Insurance is provided.
Achievements against objectives set.
During 2020 a loan was negotiated between the Trust and The Almshouse Association to refurbish and renovate one of its properties. The no-interest loan is for 10 years and repaid by two payments per year. Together with money from the current account we achieved the property refurbishment with the new resident moving into the property in February 2021.
The loan will have a detrimental effect on the service provided, however we continue to make a contribution to our ‘critical reserve’ to cater for unforeseen events.
The Trust continued to enhance the surrounding area during the year.
- Performance of fundraising activities against objectives set.
Fully achieved.
- Investment performance against objectives.
Investment ongoing in providing a better environment for our residents, fully achieved.
Financial Review
- Review of the charity’s financial position at the end of the period.
The Trust’s bank account remains in balance with all the objectives achieved.
- Statement explaining the policy for holding reserves stating why they are held.
Reserves are held for upgrading properties and the surrounding environment.
- Amount of reserves held.
Balance for M&G Charity Asset Fund (‘critical reserve’) @ end of period = £11978.
- Reasons for holding zero reserves.
N/A
- Details of fund materially in deficit.
N/A
- Explanation of any circumstances about the charity continuing as a going concern.
The charity has been a going concern for 152 years and sees no reason that the status quo should not remain so.
Additional Information
The charity’s principal source of funds (including any fundraising).
Monthly Maintenance Contributions and grants where available. A loan was granted by The Almshouse Association during 2020.
- Investment policy and objectives including any social investment policy adopted.
Investment is required for renovation and refurbishment of the properties and improvement of the surrounding environment.
A description of the principal risks facing the charity.
Two of the properties will require a full refurbishment and renovation when they become vacant.
Structure Governance and Management
- Type of governing document.
Trust Deed of 1868 (Entered on the Register of Charities on 11[th] May 1962) .
- How is the charity constituted?
Unincorporated.
- Trustees selection methods including details of any constitutional provisions.
By interview locally, the Trust should have one member of Tibberton Court and a member of Holy Trinity Church, (where possible).
Additional Information
- Policies and procedures adopted for the induction and training of Trustees.
Training / online training offered through The Almshouse Association.
- The charity’s organisational structure and any wider network with which the charity works.
The charity has five Trustees, a Chairman, Clerk / Treasurer a member of Tibberton Court and a member of Holy trinity Church (where possible). The Trust has a close working relationship with The Almshouse Association.
- Relationship with any related parties.
The Almshouse Association.
Reference and Administrative Details
| Charity Name | Tibberton Almshouse Trust |
|---|---|
| Other name the charity uses | Tibberton Almshouses |
| Registered charity number | 202311 |
| Charity’s principal address | 4 The Old Court Drive Tibberton Gloucester GL19 3AS |
| Names of the Charity Trustees who manage the Trust | |||
| Trustee Name | Office (if any) | Dates acted if not for whole year |
Name of person or (body) entitled to appoint Trustee (if any) |
| Mike Bowman | Chairman | All Trustees | |
| Phil Bevan | Clerk / Treasurer | ||
| Kate Davies | Trustee | ||
| Joanne Davies | Trustee | ||
| Alison Evans | Trustee and Representative of Tibberton Court |
Reference and Administrative Details (continued)
- Corporate Trustees.
There are no Corporate Trustees.
- Name of Trustees holding title to property belonging to the charity.
Not known.
Funds held as Custodian Trustees on behalf of others
-
There are no Custodian Trustees as part of the Tibberton Almshouse Trust.
-
No advisers to the Trust.
-
No Chief Executive.
-
No key personnel exempt from disclosure.
Declarations
The Trustees declare that they have approved the Trustees Report above.
Signed on behalf of the Charity’s Trustees.
| Signature(s) | P S Bevan | |
|---|---|---|
| Full Name(s) | Philip S Bevan | |
| Position held | Clerk / Treasurer | |
| Date: | 19/01/2021 |
Tibberton Almshouses (Annual Accounts 01.01.2020 – 31.12.2020)
| Payments(£) | ||
| 388 | HolyTrinityFabric Fund | 24.00 |
| 390 | Honorarium(P S Bevan) | 100.00 |
| 391 | National Almshouse Association | 140.00 |
| 392 | M&G Securities | 300.00 |
| Direct Debit – M&G Securities | 1000.00 | |
| 393 | A W Haines(Electrical Repairs) | 35.00 |
| 394 | M&G Securities | 100.00 |
| 395 | STWA | 411.52 |
| 396 | Moat Construction | 1776.00 |
| 397 | M Bowman(Sundries) | 47.00 |
| 398 | BSG(Garden Mtce) | 202.50 |
| 399 | Grout Insurance | 761.60 |
| 400 | Cancelled Cheque | 0 |
| 401 | R Bowman(Garden Mtce) | 90.00 |
| 402 | Rudford & Highleadon Village Hall | 12.00 |
| 403 | R Bowman(Garden Mtce) | 154.00 |
| 404 | Cancelled Cheque | 0 |
| 405 | Church Room(Meeting) | 12.00 |
| 406 | Valuation Office Agency (Notpresented) | 0 |
| 407 | R Bowman(Garden Mtce) | 90.00 |
| 408 | Cancelled Cheque | 0 |
| 409 | R Bowman(Garden Mtce) | 381.32 |
| 410 | M Bowman(Shed + Doors etc) | 1200.00 |
| 411 | H J Clarke(Fencing) | 889.80 |
| 412 | EDF Energy (No3) | 20.18 |
| 413 | R Bowman(Garden Mtce) | 45.00 |
| 414 | TracyCowell(Decorating) (No1) | 320.00 |
| 415 | HolyTrinityFabric Fund | 24.00 |
| 416 | TV Licensing (No3) | 7.50 |
| 417 | EDF Energy (No3) | 25.22 |
| 418 | Ian Tanner(No3) | 16350.00 |
| 419 | CSG(Septic Tank Clearance) | 151.00 |
| Total | 24669.64 |
Clerk / Treasurer: Phil Bevan: Signed: P Bevan
Chairman: Mike Bowman: Signed: M Bowman
| Income(£) | |
|---|---|
| Residents Contributions | 9761.00 |
| National Almshouse Association(loan) | 20322.98 |
| National Almshouse Association(Loan) | 4677.02 |
| M&G Distribution | 10.37 |
| Wayleave | 11.92 |
| Total | 34783.29 |
| Bank Reconciliation | |
|---|---|
| C/F 2019 | 6543.12 |
| Income | 34783.29 |
| Total | 41326.41 |
| Payments | 24669.64 |
| Total | 16656.77 |
Investments M&G Charity Multi Asset Fund (Extraordinary Repair Fund) 129.475 Accumulation Shares = Price £92.5157 – Value £11,978.47, @ 31/12/2020 M&G Charity Multi Asset Fund (Distribution Fund) = 296 Units. Price £0.8362 – Value £247.52. - @31/12/2020
| Chairman | Clerk/ Treasurer |
|---|---|
| Mike Bowman | Phil Bevan |
| Signature:M Bowman | Signature:P Bevan |
| Date: | Date: |
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