**Trustees to the Newcombe and Spier Almshouse Charity Charity No 217336** 

## **ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023** 

Name of Charity: Newcombe and Spier Almshouse Charity Charity number: 217336 Charity Address: 11 Critchley Drive Dunchurch CV22 6PJ Trustees: Mr Robin Aird [Chairperson] Mrs Kathryn Fowler Mrs Anne Gilbert Mr Walter Harvey Mrs Myrtle John Mr Garth Murphy Reverend Patricia Townshend [ex officio] Mrs Joan Wade 

## Governance: 

The charity is totally independent; it has a maximum of 7 trustees, chosen as follows: 

The vicar for the time being of the ecclesiastical parish of Dunchurch [St Peter’s with St Edmond’s, Thurlaston] 

One each nominated by the parochial councils of Dunchurch and Thurlaston One nominated by the parish of St Peter’s, Dunchurch Three appointed by the existing body of trustees 

Trustees normally meet three to four times per year, at which meetings all decisions are made, or ratified if they have been agreed electronically prior to the meeting. Minutes of each meeting are recorded, signed and filed. 

The purpose of the charity is to administer the set of six almshouses located on The Square, Dunchurch. 

## Performance 2023: 

Ceiling insulation above kitchen/bathroom area over three of the units had been discovered to be inadequate during 2022. This was rectified in 2023. Internal insulation was installed in bathrooms in all units; residents reported an immediate benefit. Kitchens were redecorated. Other minor works were undertaken, as is usual every year. 

There were no new vacancies during 2023, and the list of tenants remains unchanged. 

The quinquennial inspection of buildings was completed towards the end of the year. The report on this inspection will give rise to further activity in 2024. 

## Finance: 

The income and expenditure account, and the balance sheet are to hand. They indicate that expenditure slightly exceeded income from residents’ contributions, but that interest and rising share prices impacted positively on income from investments. There were no outstanding debts, nor any creditor liabilities at year end. 

## Investments: 

The current account is held with CAF Bank, and investments are all with M & G Investment Company, barring a small balance held in Scottish Widows. 

Dunchurch, July 2024 

**1 |** P a g e 



## 

## 

||TOTAL||
|---|---|---|
||ASOFDEC31,2023|ASOFDEC31,2022(PY)|
|Fixed Asset|||
|Total Fixed Asset|||
|Cashatbank and inhand|||
|CAF Currenttuc|10,249.92|11,371.39|
|rotaicasniin#[;dil U;d|aio;r4s:e,|Cii"oTise|
|Debtors|||
|Debtors<br>Total Debtors|0.00<br>EO.O0|-33.00<br>i+C.oo|
|Current Assets|||
|lnvestments-M&G|||
|ExtraordinaryRePairFund|219,887.90|207,0s4.53|
|Permanent Capital Endowment<br>ioiiii"r"itmeniirMae|3,840.70<br>zn,iis.in|3,776.14<br>lio,Bio.67|
|lnvestments-Scottish Widows|675.09|667.25|
|Total Current Assets|2224,40F,.69|t211,4i7.92|
|NET CURRENT ASSETS|t234,653.61|t222,816.31|
|Creditors: amountsfalling due within one year|||
|Trade Oreditors|||
|Creditors|0.00|0.00|
|ioiiriiauecreoitors-|io.oo|io.oo|
|Total Creditors: amountsfalling due within oneyear|80.00|90.00|
|NET CURRENT ASSETS(LIABILITIES)|8234,653.61|8222,8',1631|
|TOTAL ASSETS LESS CURFIENTLIABILITIES|t234,6s3.61<br>..t....|ffn,816.31|
|TOTAL NET ASSETS(LlABlLlTlES)|t234,653.61|w2,ai6.3,1|
|Charity funds|||
|Opening BalanceEquitY|294,134.44|294,134.44|
|Retained Earnings|-7.l,31 8.13|-21,317.78|
|Surplus/(Deficit)<br>Total Charity funds|11,837.30<br>#ea,6se.bt|-50,000.35<br>Enc,ate.si|






## 

## 

|||TOTAL||
|---|---|---|---|
||JAN - DEC 2023|JAN-DEC 2022(PY)|CHANGE|
|lncome||||
|Sales||||
|Maintenance contribution|24,620.00|21,328.00|3,292.00|
|TV license share|15.00|30.00|-15.00|
|Water levy contribution|1,509.00|1,190.00|319.00|
|Total Sales|26,144.00|22,548.00|3,596.00|
|Sales of Product lncome||0.00|0.00|
|Total lncome|126,144.00|822,548.00|83,596.00|
|Cost of Sales||||
|Costofsales||||
|TV Licences|15.00|45.00|-30.00|
|Total Costofsales|15.00|45.00|-30.00|
|Total Cost ol Sales|815.00|845.00|s-30.00|
|TOTAL|tzo,tzs.0o|Cri;soi.oo|-$;616.00-|
|Expenditures||||
|Bank charges|60.00|81.00|-21.00|
|Building Projects|14,083.42|57,330.28|-43,246.86|
|Clerk Honorarium|4,345.25|4,062.50|282.75|
|Computer Costs<br>Duesand SubscriPtions|325.00<br>343.00|300.00<br>383.00|25.00<br>-40.00|
|Electricity||343.05|-343.05|
|FuelGrant|600.00||600.00|
|Gifts|92.25||92.25|
|lnsurances|1,027.16|878.24|148.92|
|Office/GeneralAdministrative Expenses|130.00|140.75|-10.75|
|Other Professional Services|720.00||720.OO|
|Printing, Postage and StationerY|19.98|60.75|-40.77|
|Repair and maintenance|4,112.61|8j36.42|-4,Q23.81|
|Travel and Accommodation||'1,000.00|-1,000.00|
|WaterRates|1,567.74|1,338.14|229.60|
|Total Expenditures|827,426.41|874,054.13|t-46,627.72|
|NET OPERATING INCOME|t.-1,297.41|g-51 ,551.13|t50,253.72|
|Qther lncome||||
|lnterest earned|208.94|170.S1|38.03|
|lnvestment revaluation account|12,925.77|1,379.87|11,545.90|
|Total Other lncome|t13,194.71|€1,550.78|911,583.93|
|uiiorHrniNCot',tE|i,ici,,ic+.it|ri,sso.i8|tii,sCg.eC|
|NETTNCOME/(EXPENDITURE)|iii,ao7.so|e-so,ooo.es|ioi,aCz.os|






## 

## 

||TOTAL||
|---|---|---|
||ASOFDEC31,2023|ASOFDEC31,2022(PY)|
|Fixed Asset|||
|Total Fixed Asset|||
|Cashatbank and inhand|||
|CAF Currenttuc|10,249.92|11,371.39|
|rotaicasniin#[;dil U;d|aio;r4s:e,|Cii"oTise|
|Debtors|||
|Debtors<br>Total Debtors|0.00<br>EO.O0|-33.00<br>i+C.oo|
|Current Assets|||
|lnvestments-M&G|||
|ExtraordinaryRePairFund|219,887.90|207,0s4.53|
|Permanent Capital Endowment<br>ioiiii"r"itmeniirMae|3,840.70<br>zn,iis.in|3,776.14<br>lio,Bio.67|
|lnvestments-Scottish Widows|675.09|667.25|
|Total Current Assets|2224,40F,.69|t211,4i7.92|
|NET CURRENT ASSETS|t234,653.61|t222,816.31|
|Creditors: amountsfalling due within one year|||
|Trade Oreditors|||
|Creditors|0.00|0.00|
|ioiiriiauecreoitors-|io.oo|io.oo|
|Total Creditors: amountsfalling due within oneyear|80.00|90.00|
|NET CURRENT ASSETS(LIABILITIES)|8234,653.61|8222,8',1631|
|TOTAL ASSETS LESS CURFIENTLIABILITIES|t234,6s3.61<br>..t....|ffn,816.31|
|TOTAL NET ASSETS(LlABlLlTlES)|t234,653.61|w2,ai6.3,1|
|Charity funds|||
|Opening BalanceEquitY|294,134.44|294,134.44|
|Retained Earnings|-7.l,31 8.13|-21,317.78|
|Surplus/(Deficit)<br>Total Charity funds|11,837.30<br>#ea,6se.bt|-50,000.35<br>Enc,ate.si|






## 

## 

|||TOTAL||
|---|---|---|---|
||JAN - DEC 2023|JAN-DEC 2022(PY)|CHANGE|
|lncome||||
|Sales||||
|Maintenance contribution|24,620.00|21,328.00|3,292.00|
|TV license share|15.00|30.00|-15.00|
|Water levy contribution|1,509.00|1,190.00|319.00|
|Total Sales|26,144.00|22,548.00|3,596.00|
|Sales of Product lncome||0.00|0.00|
|Total lncome|126,144.00|822,548.00|83,596.00|
|Cost of Sales||||
|Costofsales||||
|TV Licences|15.00|45.00|-30.00|
|Total Costofsales|15.00|45.00|-30.00|
|Total Cost ol Sales|815.00|845.00|s-30.00|
|TOTAL|tzo,tzs.0o|Cri;soi.oo|-$;616.00-|
|Expenditures||||
|Bank charges|60.00|81.00|-21.00|
|Building Projects|14,083.42|57,330.28|-43,246.86|
|Clerk Honorarium|4,345.25|4,062.50|282.75|
|Computer Costs<br>Duesand SubscriPtions|325.00<br>343.00|300.00<br>383.00|25.00<br>-40.00|
|Electricity||343.05|-343.05|
|FuelGrant|600.00||600.00|
|Gifts|92.25||92.25|
|lnsurances|1,027.16|878.24|148.92|
|Office/GeneralAdministrative Expenses|130.00|140.75|-10.75|
|Other Professional Services|720.00||720.OO|
|Printing, Postage and StationerY|19.98|60.75|-40.77|
|Repair and maintenance|4,112.61|8j36.42|-4,Q23.81|
|Travel and Accommodation||'1,000.00|-1,000.00|
|WaterRates|1,567.74|1,338.14|229.60|
|Total Expenditures|827,426.41|874,054.13|t-46,627.72|
|NET OPERATING INCOME|t.-1,297.41|g-51 ,551.13|t50,253.72|
|Qther lncome||||
|lnterest earned|208.94|170.S1|38.03|
|lnvestment revaluation account|12,925.77|1,379.87|11,545.90|
|Total Other lncome|t13,194.71|€1,550.78|911,583.93|
|uiiorHrniNCot',tE|i,ici,,ic+.it|ri,sso.i8|tii,sCg.eC|
|NETTNCOME/(EXPENDITURE)|iii,ao7.so|e-so,ooo.es|ioi,aCz.os|