THE NEWBURY CHURCH AND ALMSHOUSE CHARtTY Rezitered Charlty 213803 ANNUAL REPORT 2023 The Newbury Church and Almshouse Charity is constituted by a scheme of the Charity Commissioners dated 6th March 1990. It is also registered with the National Assoaation of Almshouses, No. 1609. The registered address at whidi the CharTty can be contatted is: Admln & Operatlons Mana8¢r: (A&OM) Mr Chris Roberts 44 Donnington Square Newbury Berkshire RG14 IPP TRusfEES Ex-offlclo The Revd vfill Hunter Smart Ms Tania Wolak Mr Richard Coward CHpted Mr lan Park Mr Bob Kennaugh Mr Colin Price Ms Jo Fa8eant Mr Darren Kin8 Revd Pam McKellen {appolnted August 2023) PBA Accountsnts 18 Chamham Ln Ramsbury Hungerford RG17 OE Independent Exlmlners: Or8anlsatlon and Alms: The governln8 document of the Charity ststes that the objects of the Newbury Church and Almshouse Charity are: The provlslon of low-cost hou5in8 for people In need wlthln Newbury {RG14) The rna1ntenan￿ of the fabrit of the Parish Church of St Nicolas The Board of Trustees meets at least three times a year and Is thalred by the Rector of St Nlcolas Church. The maln charitsble activltles undertaken are: To provide affordable accommodation for those in need. at fifteen almshouses in Newtown Road and twelve flats in Harvest Green. Newbury. To provide finance for the upkeep of the fabric of St Nicolas Church. To provide for relief-in-need for those livin8 in the area of benefit. REVIEW OF THE YEAR 2023 The charity has continued to operate throughout 2023 with all meetings now held in Will's office building. Ongoing operations for the charlty continued with planned maintenance, void works and new residents moving in. Maintenance. servlces and repalrs It was agreed that the weekly maintenano contributions IWMCI should be re-named monthly maintenance contrlbutions IMMCI as residents pay monthly in advance by Stsnding Order. It was agreed that the MMC would be intteased by PA in line with the cap on soaal housing and as there had been no increase in the last 2 years. The Newtown Road communal doors were replaced and painted heritage green and frames painted in dark brown: all the residents were very pleased with the look. In the interest of fire safety, the fire extinguishers were removed from the communal lobbies and the rationale was explained to residents A small budget surplus allowed the diarity to continue with routine and larger works to ensure the accommodation remains in go￿ order for 2023. This yearfs larger works also Induded two refurbishments for vacant properttes at Nevrtown Road. Routine repairs continued throughoutthe year as required. predominandyfor plumbing and elettrlcal faults. Expendfture and Investments Regular financlal revlews, operational updates and resident updates were provlded to the Trustees by the A&OM at the Trustee meetings. Even given the uncertain financial dimate. the diarivs investments, M&G and CCtA. both saw small increases at year end. Investments were made to the charity's Building Fund, Churth Repair Fund and Cydical Maintenance Account in Ilne with the agreed bud8et. The budgeted amount from the Extraordinary Repair Fund was used this year to pay for the replacement of the 2 commeroal boilers at Newtown Road, which were coming to the end of their life. with 3 domestic boilers within budget The planned radiator upgrade for block 7-12 Harvest Green was completed wtthin budget. Although no relief in need donations were made in 2023 the Trustees agreed to maintsin the fund for 2024 to fflanage any requests for the coming year. Robust finanoal management processes remain in pla￿ which indude dual authorisation for all outgoing payments. and the adherence to the Charitys procedure for approval of purchase orders and payments. which was reviewed in November 2023. Residents and applicants Theie was a shortage of local Newbury residentsviishingto be beneficiaries ofNCAAC applyin8 durin8 the year, which alon8 with the works to the 2 void5 for 2023, increased void periods. The Area of Benefit (Ao8) was extended to 4 miles from the Almshouses site RG14 7BT; this covers more than just RG14. Itwas agreed that applicants would be consldered if they were within 4 miles of the Newtown Road Almshouse site. The Trustees resumed their annual visits to resldents in the spring of 2023- visits had been suspended during the Covid pandemio Trustees and personnel Revd Pam McKellen wa5 appointed to the Board of Trustees and also joined the allocations committee. It was agreed that Bob Kennaugh would be the NCAAC treasurer: he would retsin the same level of liability as all the Trustees. Signed.. (Chairman) Will Huntersmart On behalf of the Board of Trustees THE NEWBURY CHURCH AND ALMSHOUSE CHARrrY FINANaAL STATEMEwrs FOR ThE YEAR ENDED 31 DECEMBER 2023 THE NEWBURY CHURCH AND ALMSHOUSE CHARITY INDEX TO THE FINANCIAL sfATEMEpirs THE NEWBURY CHURCH AND ALMSHOUSE CHARITY ACCOUNTANTS REPORT We have preparedthe attsched FinancialSt*err*Trtsfortheyearended Ilst DeC￿ber 2023 from the records. infomution aod explanaiiorts Stsppl￿d to us tyourcknt ard we tertrfythryare in accordar￿￿[￿￿1th. PBAACCOUPITANT5 APID BUSIMESSADIISERSLTD RAMSBURY HOUSE CHARNHAhrt LANE HUNGERFCqID BERKSHIRE R617 OEY The NEWBURY CHURCH AND AiM5HOUSE CIIARflY EsfATESACCIJuNT Re(EWSAND PAVMEP4fsACCOUNT FOR THÈ YEAR EPIDED JI DEttM8ÉR 2021 FlrATYThmlhtqrqst 3S907 AJ92 THE h￿rBL1RYCHVRCH AND ALMSHOUSE CHARttY ALM5HOUSEACCOUNT RECEIPTS AND PAYMEPITS ACCOUNT FOR ThEYUR ENDED 31 DECEMBeR 2Q23 5V In9J￿r￿¢ 353 97 Ll+J 41 Ln? Ueank emp￿*(0 74ts7 a2 J4349 SJ5 M7 THE NEWBURY CHURCH AND ALMSHOUSE CHARfTY STATEMEKf OF ASSErs FOR THE YEAR ENDED 31 DECEMBER 2023 Total 2022 e•nk*£counts Atmarketv•lu•'. Uthhdd Total 1022 COIPAw￿M￿1•1IDn ShAF•b.' Church Be￿5r Fund Estates At¢ount IIIACIFActyM. Sh•rns.' Extraordinary Repalr Fund Ildln8F¢Jnd rnihouse5 A¢wJrt 414.13 65.￿26 7D4 1,264 7Q4 L291￿4 91398 1,184.427 591971 L422.48 k7.611.LX) $513Jl 150,158 14552 IS houses at N¢w¢own Ro•d, N•wbury 12flau ai N•ryest Gr•en, Flfth Road. N•*ts*y APPROVED BY THE TAUSTEES ON SIGNED: ThE NEWBURYCHUROI AND ALMSHOUSE CHARITY NOTES TOTHE FJNANaAL5TATEMEpifs FOR THEVEAR ENDEO 31 DECEMBER 2023 TOTAL B￿￿￿¢•￿51t 3L3J2 J76 ewr 52 THE NEWBURYCHURCH AP4DALMSHOUSE CHARITY FNEVEAR SUMfvA4RY FOR TrIE YEAR V4DED31 DECEWER 2023 TofAL StsIZ7 73 THE NEWBURY CHURCH AND ALMSHOUSE CHARrrY FINANaAL STATEMEwrs FOR ThE YEAR ENDED 31 DECEMBER 2023 THE NEWBURY CHURCH AND ALMSHOUSE CHARITY INDEX TO THE FINANCIAL sfATEMEpirs THE NEWBURY CHURCH AND ALMSHOUSE CHARITY ACCOUNTANTS REPORT We have preparedthe attsched FinancialSt*err*Trtsfortheyearended Ilst DeC￿ber 2023 from the records. infomution aod explanaiiorts Stsppl￿d to us tyourcknt ard we tertrfythryare in accordar￿￿[￿￿1th. PBAACCOUPITANT5 APID BUSIMESSADIISERSLTD RAMSBURY HOUSE CHARNHAhrt LANE HUNGERFCqID BERKSHIRE R617 OEY The NEWBURY CHURCH AND AiM5HOUSE CIIARflY EsfATESACCIJuNT Re(EWSAND PAVMEP4fsACCOUNT FOR THÈ YEAR EPIDED JI DEttM8ÉR 2021 FlrATYThmlhtqrqst 3S907 AJ92 THE h￿rBL1RYCHVRCH AND ALMSHOUSE CHARttY ALM5HOUSEACCOUNT RECEIPTS AND PAYMEPITS ACCOUNT FOR ThEYUR ENDED 31 DECEMBeR 2Q23 5V In9J￿r￿¢ 353 97 Ll+J 41 Ln? Ueank emp￿*(0 74ts7 a2 J4349 SJ5 M7 THE NEWBURY CHURCH AND ALMSHOUSE CHARfTY STATEMEKf OF ASSErs FOR THE YEAR ENDED 31 DECEMBER 2023 Total 2022 e•nk*£counts Atmarketv•lu•'. Uthhdd Total 1022 COIPAw￿M￿1•1IDn ShAF•b.' Church Be￿5r Fund Estates At¢ount IIIACIFActyM. Sh•rns.' Extraordinary Repalr Fund Ildln8F¢Jnd rnihouse5 A¢wJrt 414.13 65.￿26 7D4 1,264 7Q4 L291￿4 91398 1,184.427 591971 L422.48 k7.611.LX) $513Jl 150,158 14552 IS houses at N¢w¢own Ro•d, N•wbury 12flau ai N•ryest Gr•en, Flfth Road. N•*ts*y APPROVED BY THE TAUSTEES ON SIGNED: ThE NEWBURYCHUROI AND ALMSHOUSE CHARITY NOTES TOTHE FJNANaAL5TATEMEpifs FOR THEVEAR ENDEO 31 DECEMBER 2023 TOTAL B￿￿￿¢•￿51t 3L3J2 J76 ewr 52 THE NEWBURYCHURCH AP4DALMSHOUSE CHARITY FNEVEAR SUMfvA4RY FOR TrIE YEAR V4DED31 DECEWER 2023 TofAL StsIZ7 73