Trustees to the Newcombe and Spier Almshouse Charity Charity No 217336
ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
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 Edmund’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.
Trustees and tenants:
During the year Mrs Myrtle John indicated her intention not to stand as a trustee when her term of office was completed. While regretting this decision, the trustees acknowledged that, after in excess of 40 years as a trustee, Mrs John has ‘done her bit.’ A small presentation was made to Mrs John at a social event.
The terms of office of Messrs Aird and Harvey and Mrs Gilbert also expired. Dunchurch Parish Council have nominated Mrs Tracey Price as a trustee. Reverend Pat Townshend retired as Vicar of St Peter’s in July; as of even date no replacement has been announced.
There has been no change in tenancy during the year.
It was decided that the Clerk will remain in office, and perform his duties remotely, with the help of trustees, should a physical presence be required.
Performance 2024:
Certain works identified in the quinquennial inspection of the prior year were satisfactorily undertaken and completed. These works included replacement of roof tiles, repointing of chimney brickwork, and replacement of some kitchen doors. Minor repairs and maintenance continued.
Early in the year the quinquennial inspection for energy efficiency was undertaken. This was coupled with a report on Legionnaire’s Disease. Necessary action stemming from these reports was included in the works referred to above. A package containing, inter alia , the Trust’s policy documents on safeguarding and data protection, and a pamphlet outlining the dangers of Legionnaire’s disease was prepared for each tenant.
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Trustees to the Newcombe and Spier Almshouse Charity Charity No 217336
Finance:
Accounts indicate that expenditure slightly exceeded income from residents’ contributions, but that interest and rising share prices impacted positively on income from investments. There was one outstanding debt from a tenant, which we are confident will be recovered early in 2025. There are no 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.
Malvern
February 2025
Report for 2025 to date:
Having the clerk operating seems to be working well enough, given the willing assistance of trustees, especially Garth Murphy and Joan Wade, in making site visits from time to time.
After the April meeting in 2024 we advised the Dunchurch and Thurlaston Parish Councils that the terms of office of trustees nominated by those bodies were about to expire. In January this year we were advised that DPC have nominated Ms Tracey Price as a trustee. This is to be discussed at the meeting of 15 April 2025.
There is little to report on maintenance, which is dealt with by the clerk, who maintains contact with contractors such as Robothams of Rugby and Consider-it-Done Electrical. One issue which occurred in March is that the hallway heater (oil-filled) in No 2 sprung a leak and was replaced by JRP Electrical..
At the time of writing there is only one bank statement available, but before the meeting accounts for the first quarter will be prepared and circulated.
Malvern
13 March 2025
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| as a s t ec | **mer ** | |||
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ | £ | ||
| TRUSTFUND | ||||
| Balanceas at31 s tDecember2023 | 234,653.61 | 222,816.31 | ||
| LessDeficit Operating Income for the year | -1,100.22 | -1,297.41 | ||
| Add Interest | 203.50 | 208.94 | ||
| Add Increase in valuation of Investments | 17,670.64 | 12,925.77 | ||
| 251,427.53 | 234,653.61 | |||
| FIXED ASSETS | ||||
| Market | Market | |||
| INVESTMENTS | Value | Value | ||
| 31.12.2024 | 31.12.2023 | |||
| M&G | ||||
| Permanent Capital Endowment | 3,969.41 | 3,840.70 | ||
| Extraordinary Repair Fund | 223,419.11 | 227,388.52 | 219,887.90 | 223,728.60 |
| Scottish Widows | 685.81 | 675.09 | ||
| 228,074.33 | 224,403.69 | |||
| CURRENT ASSETS | ||||
| Dedtors | 363.00 | |||
| CAF CurrentAccount | 23,343.20 | 23,706.20 | 10,249.92 | 10,249.92 |
| Less:Trade Creditors | 353.00 | |||
| 251,427.53 | 234,653.61 |
| 2024 | 2023 | |||
|---|---|---|---|---|
| £ | £ | |||
| INCOME | ||||
| Sales | ||||
| Maintenance contribution | 26,120.00 | 24,620.00 | ||
| TV licence share | 15.00 | |||
| Water levy contribution | 1,734.00 | 1,509.00 | ||
| 27,854.00 | 26,144.00 | |||
| Less:CostofSales | ||||
| TV Licences | 15.00 | |||
| 27,854.00 | 26,129.00 | |||
| EXPENDITURE | ||||
| BankCharges | 60.00 | 60.00 | ||
| Building Projects | 14,083.42 | |||
| Clerk Honorarium | 4,644.25 | 4,345.25 | ||
| Computer Costs | 360.00 | 325.00 | ||
| Dues and Subscriptions | 353.00 | 343.00 | ||
| FuelGrant | 900.00 | 600.00 | ||
| Gifts | 92.25 | |||
| Insurances | 996.04 | 1,027.16 | ||
| Office/General Administrative Expenses | 50.00 | 130.00 | ||
| OtherProfessional Services | 1,842.00 | 720.00 | ||
| Printing, Postage and Stationery | 48.83 | 19.98 | ||
| Repairand Maintenance | 18,137.52 | 4,112.61 | ||
| Travel and Accomodation | 122.90 | |||
| WaterRates | 1,439.68 | 1,567.74 | ||
| Total Expenditure | 28,954.22 | 27,426.41 | ||
| OPERATING INCOME | -1,100.22 | -1,297.41 |