Re ort of trustees of She ard's Almshouse Trust Ch Commlsslon no 207257 Year end 29 February 2024 Date of Report 11 September 2024 l. The Sheppard's Almshouse Trustees present thi5 report to the Charity Commission. Since the previous annual return, Nicholas Walcot has resigned as trustee, and Anna Dixon-Green is trustee in his place. 2. As indicated last year, although the Trust's normal artivities tontinue, the Trustee5 are pursuing their plan to refurbish the Almshouses, in so far as finances allow, in order to make the Almshouses fit for the modern world and for the future. The trustees have therefore incurred expenditure which is not normal for this Trust in the longer term, and have also realised some assets. 3. The Trust currently has six Almshouses, of which five are currently occupied. The Almshouse Trust is now over 200 years old, and occupies a Listed Building by the school in Amport, near Andover, Hants. 4. In the relevant period, each Almshouse, or cottage, had a single main room downstairs, with an adjoining bathroom and kitchen, with metal crittal windows at the rear. Upstairs was a main bedroom with, in all cases but one, an adjoining toilet / washbasin. The bathrooms and kitchen area in particular, as well as the rear windows and walls, require refurbishment. 5. The proposal of the Trustees, for which planning permission and listed building consent were obtained from the local planning authority, was that a dormer window should be constructed upstairs at the lear of each cottage, and the existing crittal windows at the rear should be replaced with modern wooden windows. The main bathroom could then be moved upstairs, enabling the existing small kitchen to be enlarged into the existing bathroom space. A modern and efficient heating system would be installed and the walls treated to address damp problems, thereby making the Almshouses fit for modern living. An architect was advising on the refurbishment proces5. 6. The c05t of the refurbishment is approximately £65,000 per cottage including VAT, as tendered by reputable local builders. The Trust currently had assets, in the form of cash and investments, of £180,000 at this time. The Trust also obtained a loan of £IOO,000 from other sources, which will be sufficient along with existing asset5 of the Trust, to refurbish four cottages in 2024 lin the next financial yearl. Further funds will need to be raised to enable all cottages to be completely refurbished. Work on the refurbi5hmenl is currently undeT wav and progressing well. 7. The trustees are fundin8 the 5tora89 of furnitvre for the perlod of the buildin8 works, 8. The trustees have had the Trust's accounts approved by an independent examiner for the vear ending 29 February 2024. 9. This report by the Trustees will be lodged with the Charity Commission for 2024. Signed and approved by the Trustees 11 September 2024 Chrlstopher Harris (Chairl Diana Stephenson ... Anna Dixon-Green......... .. SHEPPARD'S ALMSHOUSES Charity Number 207257 Receipts and Payments for the year ended 29 Feb 2024 2024 2024 Opening Cash Balance 72.945 43,377 Recei Maintenance Received Investment Income Bank Interest 18,629 2,613 1,219 17,505 3,012 so Wayleave CCLA income Donation 1,446 21,000 1,576 23,917 Proceeds from sale of 1nvestmenls 39,726 136,588 84,953 Pa ments Property Maintènance Almshouse Assoc Electricity & Water Insurance 19,311 343 850 9,808 196 1,222 722 21,226 115,362 12,OUI 72,945 Bank Balances Treasurers Account 3,774 7,367 41,939 iio 3.3,749 18,173 Deposit Account CCLA Trust Account Building Fund Account CCLA Building Fund Account CCLA BR Fund% AccDLJnt 2 1,02 21,481 40,691 115,362 72,945 Sheppard's Almshouses Trust Charity Number 207257 Statement of Assets and Liabilities a5 at 28 February 2024 2024 2023 Blackrock Charinco Common Investment Fund Accumulation Unit5 Income 3207.99 379.867 439.076 4,640 16,605 19,194 CCLA Investment Managers COIF Income 1375 58 1146.07 27,880 23,228 25,565 2 1,300 Interest M&G Charilund Equity Inv Fund 523 1208.37 7.253 16,758 8,065 18.634 75,119 114,003 Cash in Hand Treasury Dep051t Trust Account CCLA BuildingFund Building Fund CCLA CCLA Black Rock funds 3,774 7,367 41,939 iio 21,481 40.691 33.749 18,173 2 1,024 Total Assets 190,481 186,949 IDdcpendeni F_iaminL l % Ripiirt t() tlIL 'I'ru*tL'L'% ill. %lii'ppar(I'% Alm%hi)U%L In(IL'I)L ricll'nt L'xaniiiiÉ'r'% Nlatc'ml'nt dLLI)IITlls 1() bi. ridLIILd. RITrsL¥m'ii-I l.AIIL'I'