SIR WALTER MONTAGUE ALMSHOUSES PAGE 4
TRUSTEE’S ANNUAL REPORT
Registered Charity Number 217261
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 10 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 £23,790
Compared to an increase in 2023 of £42,311
Bank - HSBC, 12 Beaufort Square, Chepstow, Monmouthshire, NP16 5XJ
Independent Examiner
Mike Taylor, 1 Grange Park, St Arvans, Chepstow, NP16 6EA
MONTAGUE ALMSHOUSES 2024 FY Balance Overview Sheet Year Ended 31st December 2024 - with PY 2023 Figures
| RECEIPTS | 2023 | 2024 | PAYMENTS |
|---|---|---|---|
| Rental Income | £36,232 | £36,247 | Gas Heating |
| COIF | £724 | £734 | Electric |
| Other Receipts | £60 | TV Licence | |
| Water | |||
| Total Receipts | £36,956 | £37,041 | Repairs/Decorating |
| Electric/Plumbingwork | |||
| Insurance | |||
| Almshouse Association | |||
| Christmas Gifting | |||
| Fire Certifcation | |||
| Annual Audit | |||
| Stationery/Mileage/Misc | |||
| Legal Fees | |||
| Honorarium | |||
| Refurbishments | |||
| Gas Boiler Service/Care Plan | |||
| Bank Charges | |||
| Misc Payment/Refunds | |||
| TOTAL PAYMENTS | |||
| TOTAL RECEIPTS | |||
| EXCESS REC/PAY | |||
PAGE 1
| 2023 | 2024 |
|---|---|
| £5,043 | £6,680.04 |
| £1,415 | £0.00 |
| £0 | £0.00 |
| £4,330 | £4,193.50 |
| £391 | £3,559.19 |
| £0 | £0.00 |
| £1,666 | £1,737.84 |
| £196 | £0.00 |
| £90 | £183.50 |
| £594 | £397.72 |
| £60 | £60.00 |
| £134 | £6.85 |
| £3,655 | £0.00 |
| £4,126 | £4,126.00 |
| £1,236 | £11,284.28 |
| £473 | £0.00 |
| £61 | £60.00 |
| £353 | £591.00 |
| £23,823 | £32,879.92 |
| £36,956 | £37,041.00 |
| £13,133 | £4,161.08 |
| PAGE 2 | PAGE 2 | PAGE 2 |
|---|---|---|
| MONTAGUE ALMSHOUSES 2024 Funds Overview - foryear ended 31st December 2024 |
||
| 2023 | 2024 | |
| Balance 1stJanuary | £53,337 | £66,470 |
| Balance MoneyManager | £10 | £10 |
| Total | £53,347 | £66,480 |
| OutstandingCheques Cleared | £0 | £0 |
| Sub Total | £53,347 | £66,480 |
| Excess of Receipts/Payments | £13,133 | £4,161 |
| C/FWD | £66,470 | £70,641 |
| Balance 31st December | £66,470 | £70,630 |
| Balance MoneyManager 31st December | £10 | £11 |
| Total | £66,480 | £70,641 |
| OutstandingCheques | £0 | £0 |
| Total | £66,480 | £70,641 |
| Cyclical Repair Fund - Restricted Fun | d | |
| Balance 1stJanuary | £17,421 | £17,556 |
| Interest earned | £135 | £136 |
| Balance 31st December | £17,556 | £17,692 |
Sir Walter Montague Almshouses Registered Charity Number 217261
Statement of Assets & Liabilities Year Ending 31st December 2024
| HSBC OperatingAccount | |||
| HSBC Business Manager | |||
| Cyclical Repair Fund National Association of Almshouses-COIF/CCLA Accumalation Units-extra |
|||
| ordinairyrepair at 1450.77 units at Market Value | |||
| Charities Ofcial Investment Fund Income Units |
Units | Value | |
| Miss MaryGillatt | 600.77 | £12,191.74 | |
| VHuntingford Morgan | 347 | £7,041.78 | |
| Walter Cliford Thomas | 232 | £4,708.05 | |
| MaryBurr | 149 | £3,023.70 | |
| TOTAL Income Units | 1328.77 | ### | |
| Total |
PAGE 3
| 2023 | 2024 2024 2024 |
2024 2024 2024 |
2024 2024 2024 |
|---|---|---|---|
| End Balance | End Balance | 2024 Restricted Fund |
2024 Unrestricted Fund |
| £66,470.00 | £70,629.77 | £70,629.77 | |
| £10.00 | £10.70 | £10.70 | |
| £17,556.12 | £17,692.00 | £17,692.00 | |
| £359,791.00 | £378,093.29 | £378,093.29 | |
| £11,922.28 | £12,191.74 | ||
| £6,886.22 | £7,041.78 | ||
| £4,604.04 | £4,708.05 | ||
| £2,956.90 | £3,023.70 | ||
| £26,369.44 | £26,965.27 | ||
| £496,566.00 | £520,356.30 | £395,785.29 | £70,640.47 |
| YOY Growth of 4.70% |
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