THOMAS POWIS ALMSHOUSES PAGE 4
TRUSTEE’S ANNUAL REPORT
Registered Charity Number 217260
31[st] December 2024
The Charity constituted by a body of trustees operates under a Charity commission schemed dated 6[th] June 1958 and provides 8 rented accommodation units for persons who have resident in the Parish of Chepstow or Llanmartin.
The body of Trustees totalling seven shall consist of three ex-officio members who shall be the Vicar and Churchwardens of the Ecclesiastical Parish of Chepstow and 4 nominative Trustees, two appointed by the Urban District Council of Chepstow and two who shall be persons residing or carrying on business in the County of Monmouthshire.
Each appointment shall be made for a term of four years.
The names of the Trustees who served during the period Jan 1[st] 2024 to December 31[st] 2024 were:
The Rev. P Averay Mrs Verena Evans Mr K Higgs Mrs N Shaw Mrs N Colley-Priest Mr Martin Sommerville
Mr M Lepeltier
The address of the Charity is
The Vicarage, 25 Mount Way, Chepstow, Monmouthshire, NP16 5NF
Financial and operating information
The market value of the investments at 31[st] December 2024 increased by £30,301
Compared to an increase in 2023 of £10,269
Bank - HSBC, 12 Beaufort Square, Chepstow, Monmouthshire, NP16 5XJ
Independent Examiner
Mike Taylor, 1 Grange Park, St Arvans, Chepstow, NP16 6EA
POWIS ALMSHOUSES 2024 FY Balance Overview Sheet
| RECEIPTS | 2023 | 2024 |
|---|---|---|
| Rental Income | £28,759 | £31,312.92 |
| Investments(CCLA/M&G) | £4,937 | £5,091.09 |
| NAACIF Income | £0 | £0.00 |
| Gas Refund | £0 | £0.00 |
| SWALEC Refund | £0 | £0.00 |
| Misc Receipts | £25 | £75.00 |
| Total Receipts | £33,721 | £36,479.01 |
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|---|---|---|
| PAYMENTS | 2023 | 2024 |
| Gas Heating | £4,465.00 | £5,615.41 |
| Electric | £663.00 | £0.00 |
| TV Licence | £0.00 | £0.00 |
| Water | £3,135.00 | £3,014.08 |
| Repairs/Decorating | £1,946.00 | £895.01 |
| MCC Garden Wate Collection | £50.00 | £55.00 |
| Garden Maintenance | £337.73 | £359.69 |
| Insurance | £2,605.89 | £2,884.08 |
| Almshouse Association | £196.00 | £0.00 |
| Christmas Gifting | £160.00 | £143.50 |
| Fire Certifcation | £372.00 | £222.44 |
| Annual Audit | £60.00 | £60.00 |
| Stationery/Mileage/Misc | £135.00 | £207.57 |
| Legal Fees | £0.00 | £0.00 |
| Honorarium | £4,126.00 | £4,126.00 |
| Refurbishments | £3,375.00 | £1,370.06 |
| Gas Boiler Service/Care Plan | £0.00 | £0.00 |
| PettyCash | £0.00 | £0.00 |
| CCTV MonthlyFee | £0.00 | £70.00 |
| Misc Payment/Refunds | £0.00 | £344.29 |
| TOTAL PAYMENTS | £21,626.62 | £19,367.13 |
| TOTAL RECEIPTS | £33,721.00 | £36,479.01 |
| EXCESS REC/PAY | £12,094.38 | £17,111.88 |
| POWIS ALMSHOUSES 2024 Funds Overview - foryear ended 31st December 2024 |
POWIS ALMSHOUSES 2024 Funds Overview - foryear ended 31st December 2024 |
|---|---|
| 2023 | |
| Balance 1stJanuary | £79,194 |
| Total | £79,194 |
| OutstandingCheques Cleared | £2,458 |
| Sub Total | £76,736 |
| Diference between Payments made vs Receipts FY | £12,094 |
| C/FWD | £88,831 |
| Balance 31st December | £88,831 |
| OutstandingCheque | £0 |
| Total | £88,831 |
| Cyclical Repair Fund - Restricted Fund | |
| Balance 1stJanuary | £2,306 |
| Interest earned | £18 |
| Balance 31st December | £2,324 |
Approved on behalf of the Trustees
Chairman…............................................ Date ….....................
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| PAGE 2 | |
|---|---|
| 2024 | |
| £88,831 | |
| £88,831 | |
| £0 | |
| £88,831 | |
| £17,112 | |
| £105,942 | |
| £105,942 | |
| £0 | |
| £105,942 | |
| £2,324 | |
| £18 | |
| £2,342 | This still needs confrming in writing from the fund but int |
.
'.erest last year was minimal
POWIS ALMSHOUSES Registered Charity Number 217260 Statement of Assets & Liabilities Year Ending 31st December 2024
| Balance 1stJan | Barclays Bank operatingaccount | |
| Cyclical Repair Fund | ||
| ordinairyrepair at 1450.77 units at Market Value | ||
| Income Units Miss F Williams legacy- 43,011 units | ||
| Charities Ofcial Investment Fund Income Units |
Units | |
| CURRE Bequest | 402 | |
| TrevorJenkins Gift | 170.26 | |
| CO3055581-001 Undesignated | 3520.15 | |
| M Gillat Bequest | 436.09 | |
| JohnJylton-Watts Bequest | 779.6 | |
| co3055580-001 Undesignated | 486.77 | |
| TOTAL Units/Incom | 5794.87 | |
| 2023 2024 |
2023 2024 |
2023 2024 |
2023 2024 |
|---|---|---|---|
| End Bal | End Bal | 2024 Restricted Fund |
|
| £88,831 | £105,942 | ||
| £2,324 | £2,342 | ||
| £83,339 | £90,022 | £90,022 | |
| £38,632 | £39,927 | £39,927 | |
| Value | |||
| £7,977.69 | £7,978 | £8,158 | £8,158 |
| £3,378.81 | £3,379 | £3,455 | £3,455 |
| £69,857.00 | £69,857 | £71,435 | £71,435 |
| £8,654.21 | £8,654 | £8,850 | £8,850 |
| £15,471.16 | £15,471 | £15,821 | £15,821 |
| £9,659.95 | £9,660 | £9,878 | £9,878 |
| £114,998.82 | £115,000 | £117,597 | £117,597 |
| Total | £443,126 | £473,427 | £365,143 |
| YOY Growth 6.80% |
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~~2024~~ Unrestricted ~~Fund~~ £105,942 £2,342
£108,284
£ O ill.l j Ill i