Trustees. Annual Report for the period Period slait date 01 , Period end dale 31 2023 2024 From Section A Reference and administration details Charity name David Salters Aknshouses Trust Other names ¢harlty is knovm by Registered charlty number {If any) 214795 Charity's princtpal address Beechen Grove Baptisl Church Clarendon Road Watford. Hertfordshire Postcode WD17 1JJ Names of the charity trustees who manage the charity Datts acted If notfor ear Trustee name Offi¢• Irf artyl Chairperson Member Name of person lor body) en￿tled toa oint trustee if an David Salters Almshouses Trust Rev Simon Heard Gerald Akohene David Salters Almshouses Trust Gertrude Ratowha Elizabeth Mortimer Komba Tondoneh William Thomas Secretary Member David Salters AlmshoLJses Twst David Salters Almshouses Trust Treasurer David Salters Almshouses Trust Member David Salters Almshouses Trust 10 Names of the trustses for the ¢harlty. if any. (for exarnple, any custodian trustees) Name Dates acted if not for whole ear Names and addresses of advisers (Optional infomiation) e of advlser Name Address Name of chlef executive or names of senior stsff members (Optional inforniatlon) TAR March 2012 Section B Structure, overnance and mana ement Description of the charity's trusts Tnjst Deed Type of governing documenl leg. Iiusi deed constiful.,= How the charity is constituted Tnjst itty IILisI. dbèiJLtrdliui?. L(JlllP-:.Ilyi Trustee selection methods Appointed by Current Members Additional governance issues (Optional infomiationl You may choose lo include additional infom)ation. where relevant, about.. policies and procedures adopted for the induction and training of tnJstees-, the charity's organisational Stru￿Ure and any wider network with which the charity works.. relationship wth any related parties.. trustees, consideration of major risks and the system and procedures to manage them. Section C Ob"ectives and activities Deed of settlement dated 6th October 1843 and will proved on 27th January 1848. Charitable objects: Maintenance of four Almshouses each of which lo be occupied by a poor man, wrth his wife. or an unmarried poor person, either male or female, of good character and of the age of So years at least Summary of the objects of the ¢harity set out in its governing document TAR March 2012 To provlde accomrnodation I housing.. The Charity now owns six flats in the Watford area which it rents out to the public. Summary ofthe maln activities undertaken forthe public benefit in relation to these oblects {Include within thls section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit) To help Elderly people- All tenants are over 50 yeats. Additional detalls of objectives and activities (Optional Infonnatlonl You may choose to include further slatemenls. where relevant. aboul.. policy on grantmaking- policy programme related inveslment- contribution made by volunteers. Section D Achievements and performance A surplus of £12.234 was realized during the financial year under review. Summary of the maln a¢hievements of the charlty during the year Rent receipts increased by £1,605.00 compared to the previous yeaT. and interest re￿1Ve￿ also increased by £1.553. which contributed to the surplus. Payment5 went up by £2.777.41 compared with the previous financial year. The increase in spend during the year was primarily due lo energy an(J insurance costs rises. All other costs being held or redU￿d where possible. TAR March 2012 Section E Financial review To have sufficient fijnds to maintain, repair and upgrade the current properties it owns and to allow remaining funds lo accurnulate in order to assist with the further purchase of addttional unils lo continue provision within the objects.. Brief statement of the charity's policy on reserves Details of any funds materially in deficit None Further financial review detsils (Optional infonnationl You may choose to include additional information. where relevant about.. the charity's principal sources of funds (including any fvndraising)., how expenditure has supported the key objectives ofthe charity.. investment policy and objectives including any ethical investment policy adopted. Section F Other optional information Section G Declaration The trustee5 declare that they have approved the trustees. report above. Signed on behalf of the charity's trustees Signature(s) Full name(s) Position leg Secrelary, Chalr. et¢) Gerald F Akohene Member Date 2910112025 TAR March 2012 CHARITY COMMISSION FOR ENGLAND AND WALES Receipts and payments accounts CC16a For the period from To Section A Receipts and payments Unrestrl¢ted funds Restricted fvnds Endowrnent fund5 Total fund5 Last yèar tots noarest E to th• rwarestE A1 R8c81 ts maintenan￿ receipts Fisk House & HomeMan¢ Bank an￿￿5t5 ieLeived 25.910 25.910 24.30S 1,866 313 Sub total(Gross income for ARJ 27,716 24,618 A2 Asset and Investment sale8, (see table). Sub total 27.776 24,618 A3 PayTr8nts 1,416 3,768 9B2 4,520 1.449 768 62 6,924 1.B25 4.320 966 150 61 6.?24 1,82S 4,320 E￿trIC WCHT Admin Fee5 E&M Chai Bank Char es 61 Sub total 1S.$42 15.542 12,765 A4 Agset and investment pur¢hases. Isee table) Sub total 15,542 15,$42 12.765 Net of receipts/(paymentsJ A6 T￿nsfer9 bekn¥een fund$ A8 Ca$h funds last yoar end Cash funds thls year end 12,234 12.234 11.853 233,245 24S.479 233.245 245.479 221,392 233,245 CCKX Rl arzounls ISS} 1910212025 Section B Statement of assets and liabilities at the end of the period Unrestricted funds Restritted funds to nearest £ Endowrnent fund$ to rtekrtrs¢£ Categories Details B1 Cash funds HSB¢A￿Th1 377 177,102 Total cash funds 245,479 Unre$tri¢ted funds Restrlcted funds Endowment funds lo noar•rt£ Detslls to n•arest£ B2 Other monetary assets Fund towh Cuffentval lonal Detalls 1, Fisk House. 73 mC￿rnC￿ Rr￿J. Waiford. NVD17 10W FL312. Frsk H￿Se. 7a Ro*1. wat[￿d. WD17 1QW 3, Fisk H￿Se. 7a Rc•J. Wattord. V¥D17 10W Cost{opvon￿Tr B3 In¥e$tmgnt a55ets Urwesthdefj Fund UtR5thLtsd FUTh UNestri(#•J FurKI FLIt4. Fisk H￿se. 7a Road. Warfoto. IW017 1QW Urwttblctsy Fund Wauud. VVD18 OQS ur*e$th(￿ Futvj Wall￿￿. wol8 DQS UNe5birAed Fund towhkh et belo Det4il$ Cost lopV0n￿ Current valuo onal B4 Ass9ts retained for the charity's own usa Fund to whkh rel•tsJ Amwni onal ¥￿en due Detalls B5 Liabilities Signed by one or tnjslees on behalf of al the trusi¢e$ Oate ol approval SvJnatu Piint Name Gerajd F Ajtthene 2910112025 CCXX R2 accounts ISSI 1910212025 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examlner's Report Report to the trusteesl members of David Salters Almshouses Trust On accounts for the year ended 31 March 2024 Charity no {if any) 214795 Set out on pages 1to6 I￿rneD1ber lo inckidL' tho numbèrs ol adrtitsonai ahdeisTr I report to the trustees on my examination of the account5 of the above charity (Ihe Trust") for the year ended Responslbllitles and As the charity trustees of the Trust, you are responsible for the preparation ba$is of report of the accounts in accordance with the requirements of the Charities Act 2011 {Yhe Act?. I report in respect of my examination of the Trusys accounts carried oul under section 145 ofthe 2011 Act and in carying out my examinalion, I have followed the applicable Directions given by the Charity Commission under section 145{5)(b} of the Act. I have completed my examination. I confim that no malerial matters have come to my attention (other Ihan that disclosed below ") in connection with the examination which gives me cause to believe that in, any material respect.. accounting records were not kept in accordance wtth section 130 of the Act or the accounts do not accord with the accounting records Independent examiner's statement I have no concems and have come across no other matters in connection V￿th the examination to which attention should be drawn in order to enable a proper understsnding of the accounts to be reached. Please delete the words in the brackets rfthey do not apply. Signed: CArtfFbéU Wi£s¢h Date: 1910212025 Name: John Campbell Wilson Relevant professional qualificationlsl or body (If any): FCA. ATII Address: 36 Crown Rise. Watford. Hertfordshire. WD25 ONE IER October 2018 Se¢tion B Disclosure Only complete if the examiner needs lo highlight mattels of concern (see CC32, Independent examination of charity accounts.. directions and guidance for examiners). Give here brief details of any items that the examiner wishes to disclose. IER October 2018