##
|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||
||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|||||||||||||
||training oftrustees;|||||||||||||
||~ the charity*s organisational|||||||||||||
||structure
and any wider network|||||||||||||
||with which the charity works;|||||||||||||
||e relationship
with any related|||||||||||||
||parties;|||||||||||||
||~ trustees* consideration
of|||||||||||||
||major risks and the system and|||||||||||||
||procedures to manage them.|||||||||||||
|||~ ~||A||~||||||||
|||Provision||and maintenance
ofAlmshouses
forthose in need in the local||||||||||
|||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.|||
||||||Loft insulation
was installed at Nos 28and 29 in May. This work was paid|||
||||||for by a grant from the Almshouses
Association.|||
||||||One property was vacated as the resident moved away. Minor|||
||||||refurbishment
was required.|||
||||||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|||
||||||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 forat least|6||
||||||months
without income from MMC.|||
||||||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|||
||||||prudent
level for this fund.|||
|Details ofany f'unds materially||||||||
|in deficit||||||||
|Further financial|review||details||(Optional
information)|||
|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.|||
|~
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.|||
|~
how expenditure|||has|||||
|supported
the key|objectives of||||The Trustees regard the financial
position as satisfactory.|||
|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|
|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||||||
|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|
|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||||||
|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|
|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|
##
##
##