Trustees Annual Re Pu fcha To prDv6de accornmodatlon for low-lncome Indlviduals wlthln the Parlsh of Klngswear. The Charlty provldes four almshouses for the provlslon of the abcNe. There Is also a Trust Room that previously provided a meetlng place for the communlty but havlng stood emptv r two years it Is now utilised by a local artlst for a prlvate studio. Thls provldes the charlty wtth additlonal contributions whlle keeping the room In use. The charlty has achieved the alms stated above. All the alrnshouses are occupled and the charlty malntalns them to a hlgh standard both internally and externally. Financial revlew Please refer to the financial report. The charity is in a healthy financlal position, Reserves are held to be able to meet the expenses of maintainlng the almshouses and the Trust Room. The building Is Ilsted and requlres regular and at times costly malntenance. Governance The Trust has a Trust Deed as its governing document and it is run by a small body of voluntary trustees. Four quarterly meetings are held and trustees take on specific roles as necessary to ensure the almshouses and the residents are properly served. Trustees As named on your webslte Declaratlon stees declare that they approve the Trustees report above half of the Trustees si on lan Fraser ( Chalr ) Date Rlchard Jones ( Secretary ) Date /fiF/Z6,
Sarah Roope Almshouse Trust Financial Statement 1st January 2025 to 1st December2025 Recelpls 202S 2024 Resldents Contributlon 14.400. 14.400.00 Trust Room Conlrlbutlons 4.800.1)0 4.800.¢y) Interest on CurrentAccount 51.02 Sundry Income Total Recelpt$ £19,555.98 19.253.87 Expendlture Insurance 1,169.35 1.135.73 Bank Charges 60.75 Repalfs and Malntenace 481.00 6,870.07 Flre Saltsty 881.76 738.08 Almshouse AssocSation 275.00 267.00 TV Llcences 15.(Kl 30.00 Totèl Expendlture 2.88111 9.101.63 Net Incomg before Interest 166n.87 lo.4 Investment on Interest M&G ISept24- Sept251 8918.88 12259.55 Epworth 5612.31 3980.73 Total Net Income 31205.06 26.39152
Sarah Roope Almshouse Trust Statement olAsset$ 2025 2024 Caf BankAc¢out Current 28920.20 22246.33 Epworth Cash Fund 121801.26 1(6188.95 M & G (Sept 251 105544.97 96626.09 Petty Cash 2.15 2.15 TotalAssrfs 225063.52 Difference between 24 and 25 net assets Is ch reconciles lo Net Income generated 31205.06 I have revlewed the accountlng records fortheyear ended 3111212025 ancl believe them to feflect thetiue linanclal position of the trust A H Swalnston Hon Revtewei Dale