2020-12-31-accounts

Names and addresses ofadvisers (Optional information)	Names and addresses ofadvisers (Optional information)	Names and addresses ofadvisers (Optional information)
T eofadviser Name	Address
NIA
Name ofchief executive or names ofsenior staff members				(Optional information)
N/A
~ e	0 ~				~
Description ofthe charity's trusts
Type of governing document	Constitution
How the charity is constituted	Trust
Trustee selection methods	Appointed by Parish	Council (PC) and Parochial						Church Council (PCC)
Additional governance issues (Optional information)
You may choose to include additional information, where relevant, about:	In October 2020 some trustees attended the Charity Commission's webinar on changing the governing document. As a result they decided to add an addendum to the constitution regarding the trustees' role and aims for the operation ofthe almshouses, the culture, relationship with the
~ policies and procedures	residents and values.
adopted for the induction and training oftrustees;	The Charity's risk assessment was 2020.				reviewed		and updated in		October
~ the charity's organisational
structure and any wider network with which the charity	The charity's policies necessary.	were reviewed			at year	end and updated			where
works;
~ relationship with any related
parties;
~ trustees' consideration of
major risks and the system
and procedures to manage
them.
	Provision and maintenance			ofAlmshouses		forthose in need			in the local
	area and for the general		benefit of		the poor	ofthe parish of Old Windsor.
Summary ofthe objects ofthe
charity set out in its
governing document

Summary ofthe main achievements ofthe charity during the year	Summary ofthe main achievements ofthe charity during the year	Summary ofthe main achievements ofthe charity during the year	Three properties were vacated. Two residents moved away and died. This meant some minor refurbishment and the substantial refurbishment ofone property.	one
			Residents created a garden on the communal land and plan to cultivate
			plants in the existing greenhouse.
			The charity recognises the need to have sufficient funds in reserve,
Briefstatement ofthe charity's policy on reserves			(readily available or easily convertible into cash) to cover day to day expenditure, and the maintenance ofolder properties. Cash reserves		will
			also be needed in the event that there is a reduction in monthly
			maintenance contribution (MMC) income following the departure	of
			residents and pending new residents being appointed.
			In order to mitigate this risk, the trustees have calculated that reserves		of
			835,000would be needed to allow the charity to operate for at least 6
			months without income from MMC.
			The charity's constitution requires the provision of an Extraordinary
			Repair Fund for the extraordinary repair, improvement or rebuilding		of
			the almshouses. The trustees consider that a reserve of F75,000 is		the
			current prudent level for this fund.
Oetails ofany funds		materially
in deficit
Further financial review details			(Optional information)
You may choose to include additional information, where relevant about: ~ the charity's principal sources offunds (including any fundraising);			At the end of2020 the accounts show a small surplus of receipts expenditure. The charity benefitted from the investment ofsome reserve funds MBG fund that gave a good return. The rebuild value ofthe properties was recalculated, resulting in significant reduction in insurance premium and a useful refund.	over in an a
~ how expenditure	has		The Trustees regard the financial position as satisfactory.
supported the key		objectives
ofthe charity;
~ investment policy		and
objectives including		any
ethical investment		policy
adopted.

Year ended	31stDece	mbe	r 2020
					General	Restricted
					Fund	Fund	Total	2019
Receipts					f	f	f	f
Residents'	contributions				53,188		53,188	53,258
Investment	income				3,494		3,494	301
Investment	interest				15		15	688
Miscellaneous income		(refunds If compensation)			5,015		5,015	334
					61,712		61,712	54,581
Assets and	investment	sales
Transfer from COIF Deposit Fund					74,310		74,310	10,000
		Totai receipts			136,022		136,022	64,581
Payments
Management and running			costs of	the Almshouses:
Staff costs					11,255		11,255	7,910
Office and	administration		costs		13,575		13,575	10,769
Council tax and utilities					4,068		4,068	3,594
General maintenance					40,245		40,245	37,775
Extraordinary maintenance					1,200		1,200	6,976
Accountancy and Examiner's fees					576		576	576
					70,919		70,919	67,600
Asset and	investment	purchases:
Investment	purchases	S.dividends		re-invested	48,964		48,964	688
			Total Payments		119,883		119,883	68,288
Net (payments)/receipts					16,139		16,139	(3,708)
Cash funds	at 31stDecember 2019				15,571		15,571	19,279
Cash funds	at 31stDecember 2020				31,710		31,710	15,571

STATEMENT OF ASSETSAND LIABILITIES
At 31stDecember 2020
	General	Restricted	Total	2019
	Fund	Fund	E	f
Cashfunds	f	6
Balances at bankers	31,710		31,710	15,572
Total cash funds	31,710		31,710	15,572
Other monetary assets
Debtors and prepayments				4,320
Investment assets at market value
COIF Charities Deposit Funds	37,559		37,559	111,766
M gr G Charity Multi Asset Fund	62,973		62,973	7,784
	100,532		100,532	119,551
Assets retained forthe charity's own use
Almshouse property (note 3)	375,017		375,017	375,017
Total assets	507,259		507,259	514,460
Liabilities
Creditors and accruals				879
Net asset value at31st December 2020	507,259		507,259	509,261