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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.||
|during the year||During 2021 the trustees
received a report from the architects
on the||
|||condition
ofthe windows. The front windows
were the originals
from 1900||
|||with secondary
double glazing
and the trustees
decided to consider||
|||complete replacement
as well as other options.
During 2022 the trustees||
|||obtained quotes for wooden and PVC windows
and decided to proceed||
|||with replacing
all the front windows
with new wooden windows.||
|||A contract to make and install the windows
was signed
with a window||
|||manufacture
in January 2023.The trustees
worked
closely with their||
|||previous architects
and appointed
them as architect and quantity||
|||surveyor for this project. This included
arranging
and administering
a||
|||separate contract with a local building
firm to provide scaffolding
and||
|||carry out redecoration
to make good the interior and exterior following|the|
|||installation
ofthe windows.||
|||Work on site took place between
May —July 2023.The quality ofthe||
|||window frames and the windows
is very high. The design matches the||
|||previous windows
and hence preserves
the look ofthe building.
By||
|||replacing
all the front windows
at the same time we benefited
from||
|||economies ofscale. We will also avoid maintenance
costs from||
|||deterioration
ifthe existing windows
had remained
in place. The new||
|||windows
are expected to last for 100years and maintenance
costs||
|||should be low.||
|||The trustees were concerned
to look after the welfare ofthe residents||
|||before and during the work taking place. Opportunities
were provided|for|
|||residents
to discuss the programme
as well as being given written||
|||updates
on timing and how the work might impact them.||
|||The residents
are pleased
with the ease ofopening
and closing the new||
|||windows.
In the summer
this makes
it easier for them to ventilate
their||
|||front room.
In winter the improved
insulation
will help to contain energy||
|||bills. They gave feedback that both the fitters and the builders
were||
|||always courteous
and considerate.
They are all proud oftheir new||
|||windows
and the neat finish to the decoration
in that area.||
|||The work was funded
from reserves and an additional
loan from The||
|||Almshouse
Association
off55,000.The total cost ofthe project was||
|||F180,000.||
|||More information
on this project is available
on The Almshouse||
|||Assocation website:||
|||Association
loan case stud
St Mar 's House almshouses
The||
|||Almshouse
Association||
|||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||
|||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|||||||||
||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|
##
##
||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|