CHARITY No. 216140
THE STAMFORD MUNICIPAL ALMSHOUSE CHARITIES CHAIRPERSON’S ANNUAL REPORT 2023
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 22nd October 1964, for the year ending 31[st] December 2023. The Trust’s charitable objective is unchanged, namely to provide accommodation on a needs basis to residents of the Stamford area requiring help.
Trustees
-
There have been further changes to the membership of the Board of Trustees during the year with the appointment of Mrs Michelle Feasey.
-
Councillor Andrew Croft remains as elected Chair from 2022 and continues in the role.
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The Board of Trustees met 4 times during the year, namely in March, June, September and December and continues to actively seek to appoint Trustees with specific skills for the future operation of the Charity. Mrs Feasey is an accountant.
Residents
-
Chair and Clerk have visited all the residents regularly throughout the year and maintain regular face to face contact. The Clerk is always available to respond to queries or more urgent issues.
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All of the Charity's Almshouses were occupied at the end of the 2023, except for one unit at Hopkins Hospital as one of our residents sadly passed away unexpectedly. The one empty unit at Fryers’ Callis is unhabitable at present.
Achievements.
- The Charity continues to run on a "shoestring budget" basis with insufficient funds available to carry out necessary refurbishments we would like to see happen. Essential maintenance to the charity's almshouses and commercial assets is never ending. We are actively seeking financial help, via available grants, in order to keep our properties in excellent condition.
Assets
- 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
- Annual income from the commercial properties listed above was as follows:
Snowden’s Hospital: £7826.16 Shop, 6, St Mary’s Street: £14463.96 Flat, 6a, St Mary’s Street: £7370.36
Annual Accounts and Investments
- The annual accounts and a summary of the Charity's investments as at 31st Dec 2023 will be submitted separately by the Clerk.
Andrew Croft, Chairman, Board of Trustees 5[th] March 2024
| aaas | 2022 | ||||
|---|---|---|---|---|---|
| RECEIPTS | f | t | |||
| Rentals andContributions | |||||
| Hopkins Hospital | e8,630.00 | f4,34V.53 | |||
| 1AustinFriars | f6,72s.00 | f6,825.00 | |||
| 2AustinFriars | t5,513.56 | f3,582.66 | |||
| Fryers Callis | €5,428.38 | f4,851.50 | |||
| SnowdensHospital | f7,826.L6 | f7,826.76 | |||
| 6StMary'sStreet | L14,463.96 | f14,463.96 | |||
| 5A Stt\4ary'sStreet | 87,370.36 | f6,866.92 | |||
| fs5,9s7.42 | f48,863.73 | ||||
| Dividends | |||||
| M&GCharfund | f1,257.00 | fL,157.76 | |||
| COIF | f0.00 | f33s.56 | |||
| Barclays savings acct 60792268 | closed | f0.00 | f0.12 | ||
| Donations | f0.00 | f0.00 | |||
| SundriesBritishGasrefund-4Hopkins Hospital | e74.57 | ||||
| Payment/creditmade inerror | f5.00 | ||||
| f1,,336.57 | |||||
| t1,,493.44 | |||||
| f57,293.99 | f50"357.17 |
| 2073 | 2073 | ?0e2 | ||||
|---|---|---|---|---|---|---|
| E | E | |||||
| EAYMINIs | ||||||
| Repairs andRenewals HoPkins HosPital |
f"4,o92.57 | f106,878.90 | ||||
| 1"AustinFriars | 86,947.52 | €1,190.40 | ||||
| 2AustinFriars | f4,228.A7 | f918"40 | ||||
| Fryers Callis 65tMarY'5Street |
f1,682.00 €1,446.00 |
8t,637.40 f0.00 |
||||
| 5A St MarY'sStreet | f0.00 | €1,115.00 | ||||
| SnowdensHosPital | f0.00 | f18,396.16 | €0.00 | f111,740.L0 | ||
| Lighting & | l'leating Gas |
f20.00 | t372.52 | |||
| ElectricitY | f,57.44 | f445.22 | ||||
| Water | f2,386.81 | f_t,787.59 | ||||
| Rates &lnsurance | ||||||
| lnsurance | f"4,849.42 | f4,242.37 | ||||
| Counciltax | [1-,929.13 | f"L,797.7L | ||||
| Administration | ||||||
| Clerk | 84,752-03 | f4,009.32 | ||||
| Admin/OfficeExpenses | f,675.91 | ft,029.47 | ||||
| Gardener/Oddjobs | f380.00 | f0.00 | ||||
| AlmshouseAssociatlon | f539.00 | f1"87.00 | ||||
| Architect | f0.00 | f2,360.84 | ||||
| Accountant | €690.00 | f690.00 | ||||
| Legalfees SurveY64Wall |
f0.00 €480.00 |
f0.00 f0.00 |
||||
| SurveYFrYers'Callis | f | 1,500.00 | f0.00 | |||
| f18,259.74 | f16,921.64 | |||||
| TOTAL PAYMENTS | f36,655.90 | f128,66t.74 | ||||
| TOTALRECEIPTS | f57,293.99 | f50,357.21 | ||||
| EXCESSOF PAYMENTS OVERRECEIPTS | 878,304"57 | |||||
| EXCESS | OFRECEIPTSOVER PAYMENTS | €20,538.09 |
| BEggNe$lallgN_lelIu-cAsr-rANpgANKBALANCES | ||
|---|---|---|
| €eneralFund | za?3 | 2Aee |
| a | f | |
| Bank Balancesasat1stJanuary2023 | ||
| Barclayscurrentaccount(No.308273L0) | f10,s21"47 | €34,515.40 |
| BusinessPremium Account(No.6079226E) | f0.00 | f1,585.45 |
| Total: | €36,100.85 | |
| SurplusofPayments over Receipts | f78,304.57 | |
| SurplusofReceipts over Payments | f20,638.09 | |
| TransferfromCOIFbelow | f0.00 | €30,000.00 |
| TransferfromclosedCOIFaccounts | f0.00 | f22,725.19 |
| Transferto colFbelow | -f20,000.00 |
| Balancesasat 31stDecember 2023 | ||||
|---|---|---|---|---|
| General Fund bank balancesat3IstDecember2023 | 81L,159.55 | {10,521.47 | ||
| Barclayscurrentaccount | f11,L59.56 | LL0,52L.47 | ||
| Barclays business account-ApprenticeAccount | f0.00 | f0.00 | ||
| Total: | fL1-,159.56 | f.to,521.47 | ||
| Other lnvestments: | ||||
| CO | FCharitiesDeposit Fund(Endowment-lC) | |||
| BalanceatL.1.2023 | f 56,632.33 | €56,632.33 | ||
| lnterest | 82,433.70 | f550.23 | ||
| lnterest transferred to2C | -f2,433.70 | -f5s0.23 | ||
| Balanceat3L.L2.2023 | [56,632.33 | f56,632.33 | fs6,632.33 | f56,632.33 |
| COIFCharitiesDeposit Fund(General Funds)2C | ||||
| Balanceat1.1.2023 | €10,s53.92 | f39,863.90 | ||
| lnterest retained | f510.73 | f139.79 | ||
| lnterest fromCOIF 1C | €2,433.70 | f550.23 | ||
| TransfertoBarclayscurrentaccount | -f30,000.00 | |||
| TransferfromEarclayscurrentaccount* | f20,000.00 | |||
| Balance at31..L2.2023 | €13,498.35 | f10,553.92 | {10,553.92 | |
| E81,290.?4 | f77,707.72 |
| Retained | Froml^C |
|---|---|
| f27.02 | f1"44.97 |
| f30.0s | f158.82 |
| f31.06 | f161.16 |
| €36.00 | €183.58 |
| f37.36 | [187.02 |
| f41.13 | f20L.79 |
| f42.48 | f204.00 |
| f47.90 | f225.58 |
| f52.13 | f239.73 |
| f53.00 | f238.1"0 |
| f56.51 | t24&.34 |
| f56.09 | f,24A.61 |
| {51.0.73 | f.2,433.7A |
| gSheduLeofassetsund a ecgmber2023 |
||||
|---|---|---|---|---|
| 2.023 | 2422 | |||
| I{AME | Iype | Hpldns | Vslue | Value |
| General Fund Balance | Deposit | f11,159.56 | 81A,521.47 | |
| COIFDeposit{Endowment)1C | Deposit | f56,632.33 | f56,632.33 | |
| COIFDeposit(GeneralFund)-2C | Income | f13,498.35 | f10,553.92 | |
| COIF-Educational(1T) | lncome | 0.00 | f0.00 | €0.00 |
| COIF-App/Educational(2T) | lncome | 0.00 | f0.00 | f0.00 |
| COIF-Apprenticing(3T) | lncome | 0.00 | €0.00 | f0.00 |
| M&GRepair Fund | lncome | 3,200.00 | f2,814.24 | f2,825.92 |
| M&GRepair Fund | Accumulation | 29.00 | f3,250.40 | f3,060.40 |
| M&GRepair Fund-iWarrington | lncome | 2,382.00 | f2,139.51 | f2,103.54 |
| M&GRepairFund-DWilliamHospitalJWarrington | lncome | 1,189.00 | f1,067.96 | f1,050.01 |
| M&G ExtraordinaryRePair Fund | lncome | 26,308.00 | €23,629.85 | f23,232.59 |
| M&GExtraordinarYRePair Fund | Accumulation | 417.00 | f.46,738.44 | €44,006.39 |
| M&GRecoupmentAccount | Accumulation | 2.00 | f224.L7 | f21L.06 |
| Total value: | 8761,2L4.81 | f154,197.63 | ||
| f20,000.00 | ||||
| f181,214.81 |
| iriTranof'Trilstees | r€!> | Dat*"iI8 rC |
|---|---|---|
| erktotheTrustees | o-o\g | natei9 ulae |