Registered Charity No. 213803
THE NEWBURY CHURCH AND ALMSHOUSE CHARITY
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

THE NEWBURY CHURCH AND ALMSHOUSE CHARITY
INDEX TO THE FINANCIAL STATEMENTS
Page no.
Report of the Trustees
Accountant's Report
Receipts and Payments Accounts
Estates Account
- Almshouse Account
Statement of Assets and Liabilities
Notes to the Financial Statements
Five Year Summary

THE NEWBURY CHURCH AND ALMSHOUSE CHARITY
Registered Charity No. 213803
ANNUAL REPORT 2024
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 Association
of Almshouses (No. 1609). The registered address of the Charity is:
Admin & Operations Manager:
(A&OM)
Mr Chris Roberts
44 Donnington Square
Newbury
Berkshire
RG14 IPP
TRUSTEES
Ex-officio
The Revd Will Hunter Smart
Ms Tania Wolak/Madeline Norman
Mr Richard Coward
Co-opted
Mr lan Park
Mr Bob Kennaugh
Mr Colin Price
Ms Jo Fageant
Mr Darren King
Revd Pam McKellen
Independent Examiners:
PBA Accountants
IB Charnham Ln
Ramsbury
Hungerford
RG17 OEY
Organisation and Aims
The governing document of the Charity states that the objects of the Newbury Church
and Almshouse Charity are:
The provision of low-cost housing for people in need within Newbury (RG14).
The maintenance of the fabric of the Parish Church of St Nicolas.
The Board of Trustees meets at least three times a year and is chaired by the Rector of
St Nicolas Church.

The main charitable activities 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 living in the area of benefit.
REVIEW OF THE YEAR 2024
The Charity has continued to operate throughout 2024, with all meetings now held in
the St Nicolas Church meeting rooms. Ongoing operations included planned
maintenance, void works, residents moving out, and new residents moving in.
Maintenance, Services and Repairs
The staircase hall in Block 7-12 Harvest Green was redecorated, and the gardening
services were increased, much to the satisfaction of residents.
The fire alarm upgrade at Harvest Green was completed, with all flats in both blocks
included.
A small budget surplus allowed the Charity to continue with both routine and larger
works to ensure the accommodation remained in good order throughout 2024.
This year's larger works also included two refurbishments for vacant properties at
Newtown Road.
Routine repairs continued throughout the year as required, predominantly plumbing
and electrical faults.
Expenditure and Investments
Regular financial reviews, operational updates and resident reports were provided to
the Trustees by the A&OM at Trustee meetings.
A small sum of beneficiaries, arrears in 2024 was due to Standing Orders not being
increased by the residents in May 2024.
Even given the uncertain financial climate, the Charity's investments with M&G and
CCLA both saw worthwhile increases at year end.
Investments were made in the Charity's Building Fund, Church Repair Fund and Cyclical
Maintenance Account in line with the agreed budget. The budgeted amount from the
Extraordinary Repair Fund was used this year to pay for the replacement of two
commercial pumps, following the boiler replacements in 2023, within budget.

Although no relief-in-need donations were made in 2024, the Trustees agreed to
maintain the fund for 2025 to manage any requests for the coming year.
Robust financial management processes remain in place, including dual authorisation
for all outgoing payments and adherence to the Charity's procedures for approval of
purchase orders and payments.
Policy
The procedure for approval of purchase orders and payments policy was updated and
approved by the Trustees.
Residents and Applicants
There was a shortage of local Newbury residents wishing to become beneficiaries of
NCAAC, and the refurbishment of two vacant properties in 2024 also slightly increased
void costs.
Trustees and Personnel
The cleaning of the communal areas at Harvest Green is now carried out by another
resident following the resignation of the previous cleaner.
The Trustees postponed their annual autumn visits to residents until spring 2025.
Following the resignation of the existing Churchwarden, the new Churchwarden became
an Ex-officio Trustee of the Charity.
Signed: p.p.
Will Hunter Smart (Chairman)
On behalf of the Board of Trustees
Dated: Ilth October 2025

THE NEWBURY CHURCH AND ALMSHOUSE CHARITY
ACCOUNTANTS REPORT
We have prepared the attached Financial Statements for the year ended 31st December 2024 from
the records, information and explanations supplied to us by our client and we certify they are in
accordance therewith.
Date 23rd October 2025
PBA ACCOUNTANTS AND BUSINESS ADVISERS LTD
RAMSBURY HOUSE
CHARNHAM LANE
HUNGERFORD
BERKSHIRE
RG17 OEY

THE NEWBURY CHURCH AND ALMSHOUSE CHARITY
ESTATES ACCOUNT
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
RECEIPTS FROM ASSETS
COIF Investment Interest
Building Society Interest
35,999
996
35,504
377
Total receipts for year
36,995
35,881
PAYMENTS
Charitable
Church Maintenance
Relief in need payments
Other Expenses Accountancy
26.000
26,000
26,000
26,000
Payments for investment assets
Church repair fund
26,000
26,000
Net receipts
10,995
9,881
Cash funds at 31 December 2023
94,098
84,217
Cash funds at 31 December 2024
105,094
94,098

THE NEWBURY CHURCH AND ALMSHOUSE CHARITY
ALMSHOUSE ACCOUNT
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
RECEIPTS FROM ASSETS
Income from assets=
Residents Maintenance Contributions
Building Society Interest
CAF Interest
Interest Santander
M&G Investment Interest
Refund St Nic's
123,781
117,289
750
713
50
326
669
Total recelpts for year
125,300
118,284
PAYMENTS
Water Charges
Repairs and Renewals
Insurance
National Almshouse Association Subscription
Office expenses and IT
Bank account fees
Accountancy Fees
Heating and Hot Water
Emergency Care Alarms
Gardening
Cleaning
Employee Costs
2,965
16,888
6,858
2,788
7,553
3,409
602
2,058
60
1,200
32,649
239
5,090
2,762
16,327
1,269
60
1,200
19.116
7,573
2,692
14,552
73,172
74,736
Payments for investment assets
Extraordinary Repair Fund
Building Fund
EXTRAORDINARY PAYMENTS
Cyclical Maintenance
Newtown Road Upgrade Works
Harvest Green Upgrade Works
Extraordinary Repairs
Newtown Wall Replacement
22,354
5,844
2,166
22,354
8,010
Total payments for the year
95,526
82,746
Net receipts
29,774
35,537
Cash funds at 31 December 2022
139,510
103,973
Cash funds at 31 December 2023
169,284
139,510

THE NEWBURY CHURCH AND ALMSHOUSE CHARITY
STATEMENT OF ASSETS
FOR THE YEAR ENDED 31 DECEMBER 2024
Estates
Account
Almshouse
Account
Total
2024
Total
2023
Monetary Assets
Bank Account5
105,094
169,284
274,378
233, 608
Investments
At market value:
Units held
Total
2024
Total
2023
COIF Accumulation Shares:
Church Repair Fund
Estates Account
NAACIF Accum. Shares:
Extraordinary Repair Fund
Building Fund
Almshouses Account
414.13
65,168.26
107,929
1,322,479
107,929
1,322,479
102, 704
1,293,264
5,290.50
1,422.88
17,611.00
640,529
172,270
16.348
640,529
172,270
16.348
592,973
159,480
15,818
1,430,408
829,147
2,259,555
2,164,239
Non-monetary Assets
Almshouses
15 houses at Newtown Road, Newbury
12 flats at Harvest Green, Fifth Road, Newbury
APPROVED BY THE TRUSTEES ON
SIGNED:
¢,,IL,,L,
Rev'd Will Hunter Smart
¥- OLI.l(201£

THE NEWBURY CHURCH AND ALMSHOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES
Basis of Accounting
The financial statements have been prepared on the receipts and payments basis.
b)
Depreciation
No provision for depreciation has been made in the financial statements. The properties
are maintained in good order and their current values are considered to be in excess of
recorded costs.
INVESTMENTS
General Funds
Church
Repair
Fund
Estates
Account
Almshouses
Account
Restricted Funds
Extraordinary
Repair Fund
Building
Fund
TOTAL
Cost
Balance as at
l January 2024
322,312
5,414
51,400
108,250
42,000
529,376
Appropriations
for the year
Balance as at
31 December
2024
322,312
5,414
51,400
108,250
42,000
529,376
Market Value
31 December
2024
1,322,479
16,348
107,929
640,528
172,270
2,259,554
31 December
2023
1,293,264
15,818
102,704
592,973
159,480
2,164,239

THE NEWBURY CHURCH AND ALMSHOUSE CHARITY
FIVE YEAR SUMMARY
FOR THE YEAR ENDED 31 DECEMBER 2024
Market Value of Investments
General Fund5
Estates
Account
Church
Repair
Fund
Almshouses
Account
Restricted Funds
Extraordinary
Repair Fund
Building
Fund
TOTAL
31 December
2024
1,322,479
16,348
107,929
640,528
172,270
2,259,554
31 December
2023
1,293,264
15,818
102,704
592,973
159,480
2,164,239
31 December
2022
1,184 427
15,552
91,398
558,311
150,158
1,999,846
31 December
2021
1,340,277
16,052
100,436
553,935
148,980
2,159,680
31 December
2020
1,173,772
14,726
85,561
512,289
131,639
1,917,987
Movement in Year
31 December
2023
1,293,264
15,818
102,704
592,973
159,480
2,164,239
Movement
29,215
530
5,225
47,555
12,790
95,315
31 December
2024
1,322,479
16,348
107,929
640,528
172,270
2,259,554