## **Trustees' Annual Report for the period**
Period start date Period end date Day Month Year Day Month Year **From** 01 04 2024 **To** 31 03 2025
## Section A Reference and administration details
**Charity name** DAVID SALTERS ALMSHOUSES TRUST
**Other names charity is known by Registered charity number (if any)** 214795
**Charity's principal address** Beechen Grove Baptist Church
Clarendon Road Watford, Hertfordshire **Postcode** WD17 1JJ
## **Names of the charity trustees who manage the charity**
|1
2
3
4
5
6
7
8
9
0|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled to**
**appoint trustee (if any)**|
|---|---|---|---|---|
||Rev Simon Heard|Chairperson||David Salters Almshouses Trust|
||Gerald Akohene|||David Salters Almshouses Trust|
||Gertrude Ratowha|Secretary|Resigned June 2025|David Salters Almshouses Trust|
||Elizabeth Mortimer|||David Salters Almshouses Trust|
||Komba Tondoneh|Treasurer|Resigned January 2025|David Salters Almshouses Trust|
||William Thomas|||David Salters Almshouses Trust|
||Aniket Gore||Appointed November 2025|David Salters Almshouses Trust|
||||||
||||||
||||||
10
## **Names of the trustees for the charity, if any, (for example, any custodian trustees)**
**Name Dates acted if not for whole year**
## **Names and addresses of advisers (Optional information)**
|**es and addresses of advisers (Optional information)**|**es and addresses of advisers (Optional information)**|**es and addresses of advisers (Optional information)**|
|---|---|---|
|**Type of adviser**
**Name**
**Address**|||
|Independent Examiner|John Wilson|Howard Wilson Chartered Accountants, 36 Crown Rise,
Watford, Hertfordshire. WD25 0NE|
||||
## **Name of chief executive or names of senior staff members (Optional information)**
March **2012**
**TAR**
1
**Section B Structure, governance and management**
## **Description of the charity’s trusts**
Type of governing document
Trust Deed
- (eg. trust deed, constitution)
How the charity is constituted
Trust
- (eg. trust, association, company)
Trustee selection methods
Appointed by current members
- (eg. appointed by, elected by)
## **Additional governance issues (Optional information)**
You **may choose** to include additional information, where relevant, about:
- policies and procedures adopted for the induction and training of trustees;
- the charity’s organisational structure and any wider network with which the charity works;
- relationship with any related parties;
- trustees’ consideration of major risks and the system and procedures to manage them.
March **2012**
**TAR**
2
## **Section C Objectives and activities**
Deed of settlement dated 06 October 1843 and Will proved on 27 January 1848. **Charitable objects**
**Summary of the objects of the charity set out in its** Maintenance of four Almshouses each of which to be occupied by a poor man, **governing document** with his wife, or an unmarried poor person, either male or female, of good character and of the age of 50 years at least.
**To provide accommodation / housing** : The Charity now owns six flats in the Watford which it rents out to the public. **To help Elderly people** : All tenants are over 50 years.
**Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)**
## **Additional details of objectives and activities (Optional information)**
You **may choose** to include further statements, where relevant, about:
- policy on grant making;
- policy programme related investment;
- contribution made by volunteers.
March **2012**
**TAR**
3
## Section D Achievements and performance
During the year the charity continued to rent the properties in full to qualifying **Summary of the main** individuals in compliance with its stated objects. **achievements of the charity during the year**
During the year additional work was undertaken on the garden areas along with continued maintenance of the properties and the replacement of any furnishings as necessary.
## **Section E Financial review**
**Brief statement of the charity’s policy on reserves**
To have sufficient funds to maintain, repair and upgrade the current properties it owns and to allow remaining funds to accumulate in order to assist with any future purchase of units to continue provision within the objects.
**Details of any funds materially in deficit**
## **Further financial review details (Optional information)**
You **may choose** to include additional information, where relevant about:
- the charity’s principal sources of funds (including any fundraising);
- how expenditure has supported the key objectives of the charity;
During the year the charity, through its various sources, recorded income of £29,396 (2024: £25,910). The charity incurred costs of £19,643 (2024: £15,542), with the increase attributed to the additional garden works undertaken. The net result being a surplus of £9,753 (2024: £10,368). This surplus was then added to the surplus brought forward which has increased the funds being carried to £255,238.
As result of the level of income, the charity, in accordance with Charity Commission guidelines was required to have an Independent Examination.
- investment policy and objectives including any ethical investment policy adopted.
March **2012**
**TAR**
4
**Section F Other optional information**
## **Section G Declaration**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
**Signature(s) Full name(s)** Gerald F Akohene **Position (eg Secretary,** Member **Chair, etc) Date** 28/01/2026
March **2012**
**TAR**
5
**DAVID SALTERS ALMSHOUSES**
**No (if any)**
## **Receipts and payments accounts**
## **CC16a**
**For the period** 01/04/2024 31/03/2025 **To from**
## **Section A Receipts and payments**
|**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest £**
**27,420**
**1,976**
**-**
**-**
**-**
**-**
**-**
**-**
**29,396**
**-**
**-**
**-**
**29,396**
**1,670**
**6,945**
**1,298**
**4,320**
**966**
**-**
**-**
**61**
**240**
**165**
**340**
**3,237**
**400**
**-**
**-**
**19,643**
**-**
**-**
**-**
**19,643**
**9,753**
**-**
**245,485**
**255,238**|**Restricted**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Endowment**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Total funds**
**to the nearest £**
**27,420**
**1,976**
**-**
**-**
**-**
**-**
**-**
**-**
**29,396**
**-**
**-**
**-**
**29,396**
**1,670**
**6,945**
**1,298**
**4,320**
**966**
**-**
**-**
**61**
**240**
**165**
**340**
**3,237**
**400**
**-**
**-**
**19,643**
**-**
**-**
**-**
**19,643**
**9,753**|**Total funds**
**to the nearest £**
**27,420**
**1,976**
**-**
**-**
**-**
**-**
**-**
**-**
**29,396**
**-**
**-**
**-**
**29,396**
**1,670**
**6,945**
**1,298**
**4,320**
**966**
**-**
**-**
**61**
**240**
**165**
**340**
**3,237**
**400**
**-**
**-**
**19,643**
**-**
**-**
**-**
**19,643**
**9,753**|**Last year**
**to the nearest £**|
|---|---|---|---|---|---|---|
|Maintenance receipts: Fisk House &
HomeManor|**27,420**|||||**25,910**|
|Bank interests received|**1,976**|||||**1,866**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
|**_Sub total_**_(Gross income for_
_AR)_|**29,396**|||||**27,776**|
||||||||
|**A2 Asset and investment sales,**
**(see table).**|||||||
||**-**||||||
||**-**|||||**-**|
|**_Sub total_**|**-**|||||**-**|
|**_Total receipts_**
**A3 Payments**|||||||
|||||||**27,776**|
||||||||
|Cleaning|**1,670**|||||**1,296**|
|Insurance|**6,945**|||||**6,925**|
|Electricity|**1,298**|||||**1,825**|
|WCHT Admin Fees|**4,320**|||||**4,320**|
|E&M Ground Rent|**966**|||||**966**|
|Watford Council Tax|**-**|||||**150**|
|Repairs &Maintenance|**-**|||||**-**|
|Bank Charges|**61**|||||**61**|
|Accountant Fee|**240**|||||**-**|
|Bins Purchase|**165**|||||**-**|
|Cooker Purchase|**340**|||||**-**|
|Garden Work|**3,237**|||||**-**|
|Wate Collection|**400**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
|**_Sub total_ **|**19,643**|||||**15,542**|
||||||||
|**A4 Asset and investment**
**purchases, (see table)**|||||||
||**-**||||||
||**-**||||||
|**_Sub total_ **|**-**|||||**-**|
|**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**|||||||
|||||||**15,542**|
||||||||
||**9,753**|**-**|**-**|**9,753**||**12,234**|
||**-**|**-**|**-**|**-**||**-**|
||**245,485**|**-**|**-**|**245,485**||**233,251**|
||**255,238**|**-**|**-**|**255,238**||**245,485**|
1
|**Section B Statement of assets and liabilities at the end of the period**|**Section B Statement of assets and liabilities at the end of the period**|**Section B Statement of assets and liabilities at the end of the period**||
|---|---|---|---|
|**Categories**
Signed by one or two trustees on
behalf of all the trustees
**B1 Cash funds**
**B2 Other monetary assets**
**B4 Assets retained for the**
**charity’s own use**
**B5 Liabilities**
**B3 Investment assets**|Signature
**Details**
HSBC Account - 4599
Lloyds Account
HSBC Account - 5377
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
**Details**
**Details**
Flat 1, Fisk House, 7a Monmouth Road,
Watford. WD17 1QW
Flat 2, Fisk House, 7a Monmouth Road,
Watford. WD17 1QW
Flat 3, Fisk House, 7a Monmouth Road,
Watford. WD17 1QW
37 Homemanor House, Cassio Road,
Watford. WD18 0QS
59 Homemanor House, Cassio Road,
Watford. WD18 0QS
Flat 4, Fisk House, 7a Monmouth Road,
Watford. WD17 1QW
**Details**|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**76,154**
**-**
**179,078**
**-**
**6**
**-**
**255,238**
**-**
OK
OK
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
Unrestricted funds
**-**
Unrestricted funds
**-**
Unrestricted funds
**-**
Unrestricted funds
Unrestricted funds
**-**
Unrestricted funds
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
**-**
**-**
**-**
**-**
Print Name
Gerald Akohene|**Endowment**
**funds**
**to nearest £**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||OK|
||||**Endowment**
**funds**
**to nearest £**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**Current value**
**(optional)**|
||||**-**|
||||**-**|
||||**-**|
|||||
||||**-**|
||||**-**|
||||**Current value**
**(optional)**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**When due**
**(optional)**|
|||||
|||||
|||||
|||||
|||||
||||Date of
approval|
|||Gerald Akohene|28/01/2026|
2
**Independent examiner's report on the accounts**
## **Section A Independent Examiner’s Report**
|**Report to the trustees/**
**members of**
**On accounts for the year**
**ended**
**Set out on pages **
**Responsibilities and**
**basis of report**
**Independent**
**examiner's statement**|Charity Name
David Salters Almshouses Trust|Charity Name
David Salters Almshouses Trust|Charity Name
David Salters Almshouses Trust|
|---|---|---|---|
|||||
||31 March 2025|**Charity no**
**(if any)**|214795|
|||||
||1 to 7
(remember to include the page numbers of additional sheets)|||
||I report to the trustees on my examination of the accounts of the above
charity (“the Trust”) for the year ended 31 / 03 / 2025.
As the charity trustees of the Trust, you are responsible for the preparation
of the accounts in accordance with the requirements of the Charities Act
2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out
under section 145 of the 2011 Act and in carrying out my examination, 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 confirm that no material matters have
come to my attention (other than 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 with section 130 of the Act or
- the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
* _Please delete the words in the brackets if they do not apply._ **Signed:** ~~Campbell Wilson~~ **Date:** 28/01/2026 **Name:** John Campbell Wilson **Relevant professional** FCA, ATII **qualification(s) or body (if any): Address:** 36 Crown Rise, Watford, Hertfordshire. WD25 0NE
1
**Section B Disclosure**
Only complete if the examiner needs to highlight matters 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** .
2