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| Summary of achievements |
the main ofthe charity |
All flats were occupied during 2023.There have been no changes in residents since March 2022. |
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| during the year | During 2021 the trustees received a report from the architects on the |
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| condition ofthe windows. The front windows were the originals from 1900 |
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| with secondary double glazing and the trustees decided to consider |
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| complete replacement as well as other options. During 2022 the trustees |
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| obtained quotes for wooden and PVC windows and decided to proceed |
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| with replacing all the front windows with new wooden windows. |
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| A contract to make and install the windows was signed with a window |
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| manufacture in January 2023.The trustees worked closely with their |
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| previous architects and appointed them as architect and quantity |
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| surveyor for this project. This included arranging and administering a |
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| separate contract with a local building firm to provide scaffolding and |
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| carry out redecoration to make good the interior and exterior following |
the | ||
| installation ofthe windows. |
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| Work on site took place between May —July 2023.The quality ofthe |
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| window frames and the windows is very high. The design matches the |
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| previous windows and hence preserves the look ofthe building. By |
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| replacing all the front windows at the same time we benefited from |
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| economies ofscale. We will also avoid maintenance costs from |
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| deterioration ifthe existing windows had remained in place. The new |
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| windows are expected to last for 100years and maintenance costs |
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| should be low. | |||
| The trustees were concerned to look after the welfare ofthe residents |
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| before and during the work taking place. Opportunities were provided |
for | ||
| residents to discuss the programme as well as being given written |
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| updates on timing and how the work might impact them. |
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| The residents are pleased with the ease ofopening and closing the new |
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| windows. In the summer this makes it easier for them to ventilate their |
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| front room. In winter the improved insulation will help to contain energy |
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| bills. They gave feedback that both the fitters and the builders were |
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| always courteous and considerate. They are all proud oftheir new |
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| windows and the neat finish to the decoration in that area. |
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| The work was funded from reserves and an additional loan from The |
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| Almshouse Association off55,000.The total cost ofthe project was |
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| F180,000. | |||
| More information on this project is available on The Almshouse |
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| Assocation website: | |||
| Association loan case stud St Mar 's House almshouses The |
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| Almshouse Association |
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| A new fire alarm system was installed based on a fire risk assessment |
by | ||
| a specialist firm to ensure we comply with recent developments in fire |
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| safety. |
| YEAR ENDED 31 | ST | DEC | EMBER 202 | 3 | ||||
|---|---|---|---|---|---|---|---|---|
| 2023f | 2022 | |||||||
| Receipts | ||||||||
| Contribution from |
residents | 65,120 | 60,700 | |||||
| Income on investments | 3,999 | 3,673 | ||||||
| Interest on deposit | accounts | 1,445 | 558 | |||||
| Electricity generation | (solar panels) | 2,333 | 2,362 | |||||
| Loan received | 55,000 | 0 | ||||||
| 127,897 | 67,293 | |||||||
| Payments | ||||||||
| Repairs &maintenance | 15,089 | 18,844 | ||||||
| Replacement ofwindows |
178,556 | 0 | ||||||
| Architect surveys | 0 | 6,936 | ||||||
| Rates &insurance | 7,223 | 6,868 | ||||||
| Cleaning, heating |
& lighting | 2,123 | 2,682 | |||||
| Garden maintenance | 1,626 | 1,295 | ||||||
| Gifts | 1,007 | 2,636 | ||||||
| Sundry expenses | 280 | 298 | ||||||
| Loan fees | 500 | 500 | ||||||
| Loan repayments | 10,000 | 10,000 | ||||||
| 216,404 | 50,059 | |||||||
| Surplus (Deficit) forthe year | -88,507 | 17,234 | ||||||
| Represented | by: | |||||||
| Balance brought forward |
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| Current Account | 35,109 | 57,875 | ||||||
| COIF Charities Deposit Fund | 70,000 | 30,000 | ||||||
| 105,109 | 87,875 | |||||||
| Balance carried forward | ||||||||
| Current Account | 16,502 | 35,109 | ||||||
| COIF Charities Deposit Fund | 100 | 70,000 | ||||||
| 16,602 | 105,109 | |||||||
| Increase (Decrease) in Accumulated | Funds | |||||||
| -88587 | 17234 |
| illustrative value at 31 |
illustrative value at 31 |
December 2016 | 5,000,000 | |||||
|---|---|---|---|---|---|---|---|---|
| (131-bedroom flats @5350,000, 1 2-bedroom | flat EI | 5450,000) | ||||||
| Endowment funds |
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| (Charity normally |
only | entitled to income) | ||||||
| Number | Value (p) | Value | ||||||
| ofshares | pershare | E | ||||||
| JW Tidy Bequest | Charities Oflicial Investment Fund Income Shares |
104.68 | 1984.50 | 2,077 | ||||
| Gledstanes Bequest |
M&G Charity Multi Asset Income Shares |
1,404 | 89.82 | 1,261 | ||||
| Taylor Bequest | M&G Charily Multi Asset Income Shares |
15,972 | 89.82 | 14,346 | ||||
| Jones Bequest | M&G Charity Multi Asset Income Shares |
4,332 | 89.82 | 3,891 | ||||
| Undesignated | M&G Charity Multi Asset Income Shares |
2,932 | 89.82 | 2,634 | ||||
| Browse Bequest | M&G Charity Multi Asset Income Shares |
79,096 | 89.82 | 71,044 | ||||
| 95,253 | ||||||||
| Trustee investments | ||||||||
| Repair Fund | M&G Charity Accumulation |
Multi Asset Shares |
1 | 11208.26 | 112 | |||
| 112 | ||||||||
| Deposit Icurrent | accounts | |||||||
| Nat West Current | Account | 16,502 | ||||||
| COIF Charities Deposit Fund | 100 | |||||||
| 16,602 | ||||||||
| Total assets | 5,«48 | |||||||
| Liabilities | ||||||||
| Loans from Almshouse | Association | 85,000 | ||||||
| Total liabilities | 85,000 |
| YEAR ENDED 31 | ST | DEC | EMBER 202 | 3 | ||||
|---|---|---|---|---|---|---|---|---|
| 2023f | 2022 | |||||||
| Receipts | ||||||||
| Contribution from |
residents | 65,120 | 60,700 | |||||
| Income on investments | 3,999 | 3,673 | ||||||
| Interest on deposit | accounts | 1,445 | 558 | |||||
| Electricity generation | (solar panels) | 2,333 | 2,362 | |||||
| Loan received | 55,000 | 0 | ||||||
| 127,897 | 67,293 | |||||||
| Payments | ||||||||
| Repairs &maintenance | 15,089 | 18,844 | ||||||
| Replacement ofwindows |
178,556 | 0 | ||||||
| Architect surveys | 0 | 6,936 | ||||||
| Rates &insurance | 7,223 | 6,868 | ||||||
| Cleaning, heating |
& lighting | 2,123 | 2,682 | |||||
| Garden maintenance | 1,626 | 1,295 | ||||||
| Gifts | 1,007 | 2,636 | ||||||
| Sundry expenses | 280 | 298 | ||||||
| Loan fees | 500 | 500 | ||||||
| Loan repayments | 10,000 | 10,000 | ||||||
| 216,404 | 50,059 | |||||||
| Surplus (Deficit) forthe year | -88,507 | 17,234 | ||||||
| Represented | by: | |||||||
| Balance brought forward |
||||||||
| Current Account | 35,109 | 57,875 | ||||||
| COIF Charities Deposit Fund | 70,000 | 30,000 | ||||||
| 105,109 | 87,875 | |||||||
| Balance carried forward | ||||||||
| Current Account | 16,502 | 35,109 | ||||||
| COIF Charities Deposit Fund | 100 | 70,000 | ||||||
| 16,602 | 105,109 | |||||||
| Increase (Decrease) in Accumulated | Funds | |||||||
| -88587 | 17234 |
| illustrative value at 31 |
illustrative value at 31 |
December 2016 | 5,000,000 | |||||
|---|---|---|---|---|---|---|---|---|
| (131-bedroom flats @5350,000, 1 2-bedroom | flat EI | 5450,000) | ||||||
| Endowment funds |
||||||||
| (Charity normally |
only | entitled to income) | ||||||
| Number | Value (p) | Value | ||||||
| ofshares | pershare | E | ||||||
| JW Tidy Bequest | Charities Oflicial Investment Fund Income Shares |
104.68 | 1984.50 | 2,077 | ||||
| Gledstanes Bequest |
M&G Charity Multi Asset Income Shares |
1,404 | 89.82 | 1,261 | ||||
| Taylor Bequest | M&G Charily Multi Asset Income Shares |
15,972 | 89.82 | 14,346 | ||||
| Jones Bequest | M&G Charity Multi Asset Income Shares |
4,332 | 89.82 | 3,891 | ||||
| Undesignated | M&G Charity Multi Asset Income Shares |
2,932 | 89.82 | 2,634 | ||||
| Browse Bequest | M&G Charity Multi Asset Income Shares |
79,096 | 89.82 | 71,044 | ||||
| 95,253 | ||||||||
| Trustee investments | ||||||||
| Repair Fund | M&G Charity Accumulation |
Multi Asset Shares |
1 | 11208.26 | 112 | |||
| 112 | ||||||||
| Deposit Icurrent | accounts | |||||||
| Nat West Current | Account | 16,502 | ||||||
| COIF Charities Deposit Fund | 100 | |||||||
| 16,602 | ||||||||
| Total assets | 5,«48 | |||||||
| Liabilities | ||||||||
| Loans from Almshouse | Association | 85,000 | ||||||
| Total liabilities | 85,000 |