| Names and addresses ofadvisers | Names and addresses ofadvisers | (Optional | information) | information) | information) | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| T | ofadviser Name |
Address | |||||||||||
| NIA | |||||||||||||
| Name ofchief executive or names | ofsenior | staff members | (Optional | information) | |||||||||
| N/A | |||||||||||||
| ~ e |
~ ~ a |
A | Q | I | A a |
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| Description ofthe charily's trusts | |||||||||||||
| Type ofgoverning document |
Constitution | ||||||||||||
| How the charity is constituted | Trust | ||||||||||||
| 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: |
The Charity's 2022. |
risk assessment | was | reviewed | and | updated | in January | ||||||
| ~ policies and procedures | The charity's | policies were reviewed | and updated | where | necessary. | ||||||||
| adopted for the induction and |
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| training oftrustees; | |||||||||||||
| ~ the charity*s organisational | |||||||||||||
| structure and any wider network |
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| with which the charity works; | |||||||||||||
| e relationship with any related |
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| parties; | |||||||||||||
| ~ trustees* consideration of |
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| major risks and the system and | |||||||||||||
| procedures to manage them. | |||||||||||||
| ~ ~ | A | ~ | |||||||||||
| Provision | and maintenance ofAlmshouses forthose in need in the local |
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| area and | for | the general | benefit | ofthe poor | ofthe | parish | ofOld Windsor. | ||||||
| Summary ofthe objects ofthe | |||||||||||||
| charity set out in its governing | |||||||||||||
| documen't |
| ~ I | ~ I | ~ I | ~ I | ~ I | |||
|---|---|---|---|---|---|---|---|
| Summary ofthe main achievements ofthe charity during the year |
The work to replace any windows that needed to be updated or that weren't double-glazed was completed in October. Secondary glazing panels were added tothe front door windows at Nos 26-31. |
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| Loft insulation was installed at Nos 28and 29 in May. This work was paid |
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| for by a grant from the Almshouses Association. |
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| One property was vacated as the resident moved away. Minor | |||||||
| refurbishment was required. |
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| Security and emergency access was improved with the installation |
of | key | |||||
| safes for each property. | |||||||
| Briefstatement ofthe charity's policy on deserves |
The charity recognises the need to have sufficient funds in reserve, (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 |
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| maintenance contribution (MMC) income following the departure of |
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| residents and pending new residents being appointed. |
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| In order to mitigate this risk, the trustees have calculated that reserves |
of | ||||||
| 835,000would be needed to allow the charity to operate forat least | 6 | ||||||
| months without income from MMC. |
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| The charity's constitution requires the provision ofan Extraordinary |
Repair | ||||||
| Fund for the extraordinary repair, improvement or rebuilding |
of | the | |||||
| almshouses. The trustees consider that a reserve of675,000isthe current |
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| prudent level for this fund. |
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| Details ofany f'unds materially | |||||||
| in deficit | |||||||
| Further financial | review | details | (Optional information) |
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| You may choose to include additional information, where relevant about: |
At the end of2022 the accounts were in good order. We were in a position to return the final payment off6000 from the current account back into the deposit account atthe end ofDecember 2022. |
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| ~ the charity's principal sources offunds (including fundraising); |
any | Itwas decided to delay the implementation ofthe increase in MMC until April 2023to help the residents manage increasing cost of living and fuel costs. |
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| ~ how expenditure |
has | ||||||
| supported the key |
objectives of | The Trustees regard the financial position as satisfactory. |
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| the charity; |
| General | Restricted | ||||||
|---|---|---|---|---|---|---|---|
| Fund | Funu | Iootl | 2021 | ||||
| Receipts | E | f | E | ||||
| Residents' | contributions | 60,581 | 60,581 | 56,714 | |||
| Investment | income | 3,802 | 3,802 | 3,263 | |||
| Investment | interest | ||||||
| Miscellaneous income |
(incl refunds) | 3185 f775/ |
~39 7 ~4 |
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| Assets and | investment | sales | |||||
| Transfers and sales | ~555 | ||||||
| 67,568 | 67,568 | 101,449 | |||||
| Payments | |||||||
| Management and running |
costs ofthe Almshouses: | ||||||
| Staff costs | 12,272 | 12272 | 11,509 | ||||
| ONce and | administration | costs | 10,303 | 10,303 | 7,440 | ||
| Council tax and utilities | 3,584 | 3,584 | 3,697 | ||||
| General maintenance | 30,396 | 30,396 | 35,426 | ||||
| Extraordinary maintenance |
2,090 | ||||||
| Accountancy and Examiner's fees |
316 | ~6 | ~26 | ||||
| ~56 7 | ~871 | ~604 9 | |||||
| Asset and | investment | purchases: | |||||
| Investment | purchases | 37 OILO | |||||
| 56,871 | 56,871 | 97,429 | |||||
| Net (payments)/receipts | 10,697 | 10,697 | 4,020 | ||||
| Cash funds | at 31stDecember 2021 | 35,730 | ~357 0 | 31710 | |||
| Cash funds | at31stDecember 2022 | 46,427 | 46,427 | 35,730 |
| STATE 1 D |
llA | ||||
|---|---|---|---|---|---|
| General | Restricted | Total | ~221 | ||
| Fund | ~Fun | 6 | E | ||
| Cash funds | E | f | |||
| Balances at bankers | %SU | 352K | |||
| T~lcashfunds | 46427 | ~464 | ~73 | ||
| Other monetary assets | |||||
| Debtors and prepayments | |||||
| Investment assets at market vaiue |
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| COIF Charities Deposit | Funds | 5 | |||
| Blackrock Charities funds M 8 GCharity Multi Asset Fund |
32,304 QRSK ~9809 |
32,304 ~55 ~89 |
38371 Q88i44 ~17020 |
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| Assets retained forthe | charity's own use | ||||
| Almshouse property (note 3) |
375 017 | ~35 017 | 375017 | ||
| Total assets | ~50~25 | ~50253 | ~5~76 | ||
| Uabilities | |||||
| Creditors and accruals | |||||
| Net asset value | atest Qecenrber 2022 | 520,253 | 520,253 | 517,767 |
| General | Restricted | ||||||
|---|---|---|---|---|---|---|---|
| Fund | Funu | Iootl | 2021 | ||||
| Receipts | E | f | E | ||||
| Residents' | contributions | 60,581 | 60,581 | 56,714 | |||
| Investment | income | 3,802 | 3,802 | 3,263 | |||
| Investment | interest | ||||||
| Miscellaneous income |
(incl refunds) | 3185 f775/ |
~39 7 ~4 |
||||
| Assets and | investment | sales | |||||
| Transfers and sales | ~555 | ||||||
| 67,568 | 67,568 | 101,449 | |||||
| Payments | |||||||
| Management and running |
costs ofthe Almshouses: | ||||||
| Staff costs | 12,272 | 12272 | 11,509 | ||||
| ONce and | administration | costs | 10,303 | 10,303 | 7,440 | ||
| Council tax and utilities | 3,584 | 3,584 | 3,697 | ||||
| General maintenance | 30,396 | 30,396 | 35,426 | ||||
| Extraordinary maintenance |
2,090 | ||||||
| Accountancy and Examiner's fees |
316 | ~6 | ~26 | ||||
| ~56 7 | ~871 | ~604 9 | |||||
| Asset and | investment | purchases: | |||||
| Investment | purchases | 37 OILO | |||||
| 56,871 | 56,871 | 97,429 | |||||
| Net (payments)/receipts | 10,697 | 10,697 | 4,020 | ||||
| Cash funds | at 31stDecember 2021 | 35,730 | ~357 0 | 31710 | |||
| Cash funds | at31stDecember 2022 | 46,427 | 46,427 | 35,730 |
| STATE 1 D |
llA | ||||
|---|---|---|---|---|---|
| General | Restricted | Total | ~221 | ||
| Fund | ~Fun | 6 | E | ||
| Cash funds | E | f | |||
| Balances at bankers | %SU | 352K | |||
| T~lcashfunds | 46427 | ~464 | ~73 | ||
| Other monetary assets | |||||
| Debtors and prepayments | |||||
| Investment assets at market vaiue |
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| COIF Charities Deposit | Funds | 5 | |||
| Blackrock Charities funds M 8 GCharity Multi Asset Fund |
32,304 QRSK ~9809 |
32,304 ~55 ~89 |
38371 Q88i44 ~17020 |
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| Assets retained forthe | charity's own use | ||||
| Almshouse property (note 3) |
375 017 | ~35 017 | 375017 | ||
| Total assets | ~50~25 | ~50253 | ~5~76 | ||
| Uabilities | |||||
| Creditors and accruals | |||||
| Net asset value | atest Qecenrber 2022 | 520,253 | 520,253 | 517,767 |