## ’ - The Stamford Municipal Almshouse Charities Chairman s Annual Report 2021 ## (Charity No. 216140) ## **Introduction** **1. This report describes the activities and achievements of the Board of Trustees of the Stamford Municipal Almshouse Charities (Charity No 216140, established by a Charity Commission Charter dated 22[nd] October 1964), for the year ending 31[st] December 2021.** ## **General Remarks** **2. With an improved Covid–19 Pandemic situation, the charity has been able to function normally from spring onwards, with only the first quarterly Trustees meeting taking place via Zoom. The Chairman and Clerk continued to meet every two weeks to conduct the normal day-to-day management of the Charity’s business, and the charity was able to carry out essential maintenance and repairs.** ## **Trustees.** **3. There were some changes to the composition of the Board of Trustees during 2021. This year was marked by the resignation of our Chairman of several years, J L Harvey, who relocated to the South of England, and the retirement of our Clerk, Mrs Maureen Jalili. Cllr Andy Croft was elected Chairman and Mrs Anne O’Grady was appointed Clerk. We were also joined in December by a new Trustee, Mr Tom Nottidge.** ## **Residents.** **4. One resident moved out of Fryers Callis in the summer. A neighbouring resident moved into the newly vacated flat whilst her flat remains vacant, requiring substantial work. It was agreed to approach an architect and investigate the possibility of merging the 4 poorly designed flats into 3 better appointed flats.** **5. 3 of the 4 bedsits at Hopkins Hospital remained vacant awaiting work due to start in January 2022. All of the other Charity’s almshouses were fully occupied.** ## **Activities.** **5. The Board of Trustees met 4 times during the year on 8[th] March, 7[th] June, 6[th] September and 6[th] December. Every meeting was quorate.** **6. The refurbishment work at the Charity’s commercial property at 6 St Mary’s Street was completed at a cost of £7400 and a new tenant moved in** Page **1** of **3** **September 2021 at a much improved rent of £16000 per annum (minus management fees). This was double the rent previously paid. The contract is for six years and will be subject to a rent review after three years.** **7. Following the Trustees’ decision, at their meeting in December 2019, to investigate the possibility of merging the 2 upstairs bed-sits and the 2 downstairs bed-sits into 2 one-bedroomed apartments an architect was engaged, plans were approved and a firm was appointed to start work in January 2022 at a cost of £80000 + VAT.** **8. The boilers of the four flats at Fryers Callis were deemed dangerous and four new central heating systems had to be installed, at a cost of £20000. The Charity tried, albeit unsuccessfully so, to obtain funding towards that cost.** ## **Achievements** **8. As already mentioned in para 7 above, the new commercial rent obtained at 6 St Mary’s Street brought a much-needed influx of funds at a time when the Charity’s almshouses are in great need of refurbishment.** ## **Assets** **12. A list of the Charity’s property assets (as re-assessed in Dec 2019) is as follows:** |**Almshouses:**|| |---|---| |**a. 1 – 4 Fryer’s Callis**|**£807,000**| |**b. 1 – 4 Hopkins’ Hospital**|**£880,000**| |**c. 1 & 2 Austin Friars Lane**|**£500,000**| |**Almshouses Total:**
|**£2,187,000**| |**Commercial :**|| |**d. 1 – 3 Snowden’s Hospital**|**£375,000**| |**e. 6/6a St Mary’s Street**
|**£840,000**| |**Commercial Total:**
|**£1,215,000**| |**Overall Total:**|**£3,402,000**| Page **2** of **3** **13. Annual income from the commercial properties listed above was as follows:** **Snowden’s Hospital: £8589.49** **Shop, 6, St Mary’s Street: £4821.32** **Flat, 6a, St Mary’s Street: £6760.00** ## **Annual Accounts and Investments** **14. The annual accounts and a summary of the Charity’s investments as at 31 Dec 2021 will be submitted separately by the Clerk. Our investments, despite the Covid Pandemic, have seen a slight rise in value of just under 6%. The general fund balance has decreased due to the necessary work carried out over the year.** ## **A CROFT** **Chairman, Board of Trustees** **31[st] August 2022** Page **3** of **3** Accoupifs FOR THEYEAR ENDED STAMFORD IAUNICIPAL ALMSIIOUSE CHARMES RECEIPTS AND PAYMENTS ACCOUNT FOR THEYEAR ENDING 3 DECEMBÉR 202 ECEIPTS RentaE5 aNI contrib￿lon5 Hopkins Hospital I Auslin Friars 2 Au*in Friar5 Fryer5 Calli5 Snowdefts H05Pttral 6 5t Mary's Street 6A Si Marws Street El￿17.( £6.825.(KJ £2.340.￿} £5.842.71 £8.589.49 E4.82132 £6.760. £1,5(K).00 £6,065.CKI £2340. £5,482.00 £7.121.64 £3.(W.C £7.051.20 £36.678.S2 £32.S59.84 D￿￿dendS M&G Charfurnl El,(￿1. £656.25 £0.16 £LI57.76 £643.47 COIF Barclay5 savings 3CCt 60792268 Stamford Method55t Chtsfch Mr and Mrs Wade Grant-winrfrede 8rowne Anglian w*er Tefund- HopkirLS Hospital Sale of postcard rack Paymentltredit made in error £1.25 Donations £2.(￿).00 £i,(KO.LKJ Swdries £162.55 £40. £164AXJ £3.452.01 £4,965.03 £37524.B7 Page I PAYMEPITS RepalTS and Renv** Hopkins Hospitsl l Austln Frfars 2 AusUrb F￿a Fryers Calli5 6 St Marfsstreet 6A 5t Marf5 Street. Snowdens Trlospital £3.993.tKI gJS.40 £238.62 £319.95 £9W7.85 £1.265ffj6 £I6&￿j £20.889.32 £7,687.rxi £2W3.60 £42L95 * £o.(KI £36A4632 £8,449.20 E21.470.63 '£421.95forworks and renewa15for6A5t P44afWs deducted from rent at Sour￿ by RKhardson5 U8hthE & Heath Gas Ejeark Water £9J.74 £51420 E44058 £4514.29 £315.25 fl70636 Insurance councll.fax £3.684.33 £4A7&58 £3.556A7 AthniDistraiion aerk Admin/OMlce Expenses Gardenerloddpbs Alm5hou5e A5XMiatwJn Ar¢hitect £4.674.68 El￿3.67 £O.LKJ £L014.74 Eo. ** £0 £5A16.49 £660m Accountant £630.CKJ £1.010.80 LE861 fee5 Building Hopkin5 Ener￿ survey 6 St IA3rfs Strurtural engtneer Estate Agents ' wall surry&4St Marfs £572AO £ts).Lkl £360.￿ * £1920.LYI £2732150 45Om £826.50 £17W933 É63,76&82 E4Q.13053 É39.070.46 £37.524£7 TOTAL REC£JVTS EXCESS QF PAYPIIENTSOVEI% IiEfElff5 EXCESS Of RECEIPTSOVER PAVMEFIT5 Page 2 sfAMFQPD PAUNICPALALM5IKK15EQIAWrnES ftECONaUAIIOII WITH fA5M Barday5 currErt arcortlmo. W73101 BUS1r￿ Premium ￿22681 Totsl: £59,7f•J.69 £1,584.( £61.284.73 £1,585.29 £59,n9.14 £61.284.73 Surp14ts0f Receipts overPayTtier General F*Jnd bank balances at 31st DecernbÈr2021 BaKdayS￿rr¢ntaCttsI1Tht ÉS9.739.14 4515.40 £1585.45 £56.1￿￿$ £58.153.85 £1.585.29 £59.739.14 Total: 8alantr at 1.1.2021 Interest trrteT• trarthI￿￿ to 2C Balano•t 31.122021 ES6.632.33 £148.71 IA8.71 f56.63L13 £56.63233 £6.72 6.n COIF(thaiilies Depowt Fund IGoneTri Fund51 IC BalatKe ai 1.1.2021 InteTert retained Interertfrom COIF IC •t 31.122021 £39J52.44 £4.74 £6.72 £39,599.45 £104.28 £148.71 £39￿52A4 £39.852A4 £156223.91 £39363S Pa8e 3 AMFORD MuNiapA ALMSHOUSE CHARME5 Sthedule gta55ets wider 20 V31u £35.1￿￿5 £S6,632.33 £3Y,863.90 £8.452.79 £7.876.93 £9,193.18 £2.916AO £3.036.40 £2.171.19 Z02Q GenEr41 Fund B3l¥Th¢e COIF OEpTr5It (Endowmentl IC COIF Deposit (General Fundl- 2C COIF. Educational IITI COIF-ApplEducational12T) COIF- Apprention8 i>ri M&G Repair Fund I&G Repair Fund M&G Repair FuAd-J Warringto M&G Repair Fund- D vfilliam Hospital J WaTrifi8tDn M&G Extr3ordinary Repair Fun M&G ExtraoTdinwry Rcpatrr Fun M&G RecOuWr￿nt￿CW￿1 Total walue.. Doposit Depasii Income Iwjme Income £59.739.14 56fi32.33 E39.852.44 £7.402.69 &898.37 £8,051.1 E2.675.84 £2.682.95 1.991.83 411 383.1 447. 32￿.r￿) 29.rM) 2.382.C IrKome Accumulation IrKorfte lill IrKome lrtcome Ar(umulaiio L189.C(I 26.308IW) 417.C £1.083.77 £23.979.74 £43.661.36 £209.41 £gg4_24 £21.998.75 E38.579.05 £185.03 £247NX74 PROPERTIESVALUES. RE.ASSESSED_ tECEMBER ￿)19 Pr rt￿- Atmshouses Hopklns Hospltal FryersC3llis 1 & 2 Austin Friars Almsh￿ Total: E807,Im f S(KJ,(WX) £2.187.ILK)ItI Freehold es- thmrner(aai 1-3 Snowden's H(wita 616A Sl Mary's 5treei £375.rmm £840.CO).C f 1.215.iM)IIJ The accountsfor the yearended 31st L￿Mber202] an¢J the at*rye 5trternent have been approwed and adopted by theTr￿SteeS Chairrnan ofTrv5tee5 Oate Oerk totheTfilStees CLO a3.06.al Page4 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examinerfs Report Report to the trusteesl memberJ of stamford Municipal Almshouse Charities On aG¢ounts for the year ended 319t De￿mber 2021 Charity no (if any) Set out on pages 1to4 to ':: I report to the trustees on my examination of the accounts of the above charity (Ihe Trust.) for the year ended 31st December 2019. Responsibilities and As the charty trustees of the Trust, you are responsible for the prepaiation basis of report of the accounts in acLordance with the requirements of the Charities Act 2011 ('the Acr). I report in respect of my examination of the Trust's accourrts carried out under section 145 ofthe 2011 Ad and in carrying out my examination, I have followed the appliGable Directions gtven by the Charsiy Commission under section 14515)(b) of the Act_ I have completed my examination. I confimi that no material matters have come to my attention (other than that disdosed telow ') in connection with the examination whi¢h 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 Independent examine￿$ ststement I have no Gon￿mS and have come aeross no other matters in Connection w((h the examination to vthich attention should be drawn in order to enable proper understanding of the accounts to be reached. Please delete the woftls in the brackets rf they do not apply. Date: Signed: 13 Name: Michael Jacklin Relevant professional qualification{s) or body (if any): FCCA Addross: Jackson & Grimes Limited 22 St Georges Street Stamford Lincolnshire PE9 2BU