| SORP reference | |||
|---|---|---|---|
| Summary | ofthe purposes of | Para 1.17 | Provision and maintenance of |
| the charity asset out in its | Almshouses forthose in need in the |
||
| governing | document | local area and for the general benefit of | |
| the oor ofthe rish ofOld Windsor. |
|||
| Summary activities |
ofthe main in relation tothose |
Para 1 1Tand 1.19 |
The management and maintenance of the Almshouses has continued |
| purposes | for the public | throughout the year. |
|
| benefit, in particular, the |
|||
| activities, | projects or services | ||
| identified | in the accounts. | ||
| Statement | confirming | Para 1.18 | The Trustees are aware ofthe guidance |
| whether the trustees have | regarding public benefit. The Trustees |
||
| had regard to the guidance | are satisfied that the activities ofthe | ||
| issued by | the Charity | charity meet these requirements. | |
| Commission on ublic benefit |
| SORP reference | ||||
|---|---|---|---|---|
| Para 1.38 | ||||
| Policy on | grant making | |||
| Para 1.38 | ||||
| Policy on | social investment | |||
| induding | program | related | ||
| investment | ||||
| Para 1.38 | ||||
| Contribution | made | by | ||
| volunteers | ||||
| Other |
| Achieve | ments and Per |
formance | |
|---|---|---|---|
| SORP reference | |||
| Asanumber ofresidents now have |
|||
| mobility scooters, a new path was | |||
| created in the car park. | |||
| Sumfnary ofthe main achievements ofthe charity, |
Para 1.20 | One property was vacated as the | |
| identifying | the difference the | resident died. The bathroom was | |
| charity's | work has made to | updated with a walk-in shower and |
|
| the circumstances ofits |
minor refurbishment was required. |
||
| beneficiaries and any wider |
|||
| benefits to society as a | The residents and trustees enjoyed a | ||
| whole. | September summer party that took | ||
| place in the communal gardens. |
| Achievements against |
Para 1.41 |
|---|---|
| objectives set | |
| Performance offundraising activities against objectives |
Para 1.41 |
| set | |
| Investment performance |
Para 1.41 |
| against objectives | |
| Other |
| Financial Review |
Financial Review |
Financial Review |
||||
|---|---|---|---|---|---|---|
| Review ofthe charity's | Para 1.21 | At the end of2023the accounts were in | ||||
| financial position at the end |
good order. Wewere in a position to | |||||
| ofthe period | transfer R3,000 f'rom the current account | |||||
| into the deposit account at the end of | ||||||
| December 2023,with the intention to | ||||||
| restore reserves tof35,000. | ||||||
| Itwas decided to delay the | ||||||
| implementation ofthe increase in MMC |
||||||
| until April 2024to help the residents | ||||||
| manage increasing costofliving and | ||||||
| fuel costs. | ||||||
| The Trustees regard the financial | ||||||
| ition as satisfacto | ||||||
| Statement | explaining | the | Para 1.22 | The charity recognises the need to have | ||
| policy for holding reserves | sufficient funds in reserve, (readily | |||||
| stating why they are held | available oreasily convertible into cash) |
|||||
| tocover day to day expenditure, and the |
||||||
| maintenance ofolder properties. Cash |
||||||
| reserves will also be needed in the event |
||||||
| that there isa reduction in monthly |
||||||
| maintenance contribution (INMC) income |
||||||
| following the departure ofresidents and |
||||||
| pending new residents being appointed. |
||||||
| Amount of | reserves held | Para 1.22 | ln order to mitigate this risk, the trustees | |||
| have calculated that reserves of 635,000 | ||||||
| would be needed to allow the charity to | ||||||
| operate forat least 6months without |
||||||
| income from MMC. | ||||||
| The charity's constitution requires the |
||||||
| provision ofan Extraordinary Repair |
||||||
| Fund forthe extraordinary repair, |
||||||
| improvement or rebuilding ofthe |
||||||
| almshouses. The trustees consider that |
||||||
| areserve ofR75,000isthe current | ||||||
| rudent level for this fund. | ||||||
| Reasons for holding zero | Para 1.22 | |||||
| reserves | ||||||
| Details offund materially | in | Para 1.24 | ||||
| deficit | ||||||
| Explanation | ofany | Para 1.23 | ||||
| uncertainties | about the | |||||
| charity continuing as a going | ||||||
| concern |
| The charly's principal |
|
|---|---|
| sources offunds (induding | Para 1A7 |
| any fundraising) |
| Investment policy and objectives induding any |
Investment policy and objectives induding any |
Investment policy and objectives induding any |
Para 1.46 | |||
|---|---|---|---|---|---|---|
| social investment policy |
||||||
| adopted | ||||||
| Adescription | ofthe | principal | Para 1A6 | |||
| risks facing | the charity | |||||
| Considerable | disruption | and additional | ||||
| Other | expenditure | were incurred due towater | ||||
| leaks from pipes in two | houses. These | |||||
| have been successfully | dried out and | |||||
| redecorated | where necessary. |
| Structure, Governance | and IIana | gement | |
|---|---|---|---|
| Description ofcharity's | |||
| trusts: | |||
| Type ofgoverning document |
Para 1Z5 | Constitution | |
| How isthe charity | Para 1.25 | Trust | |
| constituted? | |||
| Trustee selection methods | Para 1.25 | Appointed | by Parish Council (PC)and |
| induding details ofany |
Parochial Church Council (PCC) | ||
| constitutional provisions e.g. |
|||
| election to post or name of | |||
| any person or body entitled | |||
| to appoint one or more | |||
| trustees |
to appoint one or more trustees |
||||||||
|---|---|---|---|---|---|---|---|---|
| Additional information |
(optional) | |||||||
| You ma choose to indude |
further statements | where relevant | about: | |||||
| The Charity's | risk assessment | was | ||||||
| reviewed | and | updated | in January 2023. | |||||
| Policies and procedures adopted for the induction |
Para 1.51 | The charity's | policies | were reviewed | and | |||
| and training oftrustees | updated | where necessary. | ||||||
| The chanty's organisational structure and any wider |
Para 1.51 | |||||||
| network with which the |
||||||||
| charity works | ||||||||
| Relationship with any |
Para 1.51 | |||||||
| related parties | ||||||||
| Other |
| Cha | name | The Old Windsor United Charities | ||
|---|---|---|---|---|
| Other name the charity uses | Penny Royal Almshouses | |||
| Old Windsor United Charities |
||||
| R | istered chari | number | 240660 | |
| Charity's | principal | address | Penny Royal Almshouses, | |
| 36A, Crimp Hill Road, |
||||
| Old Windsor, | ||||
| SL42QY |
| ames ofthe chari | ty trustees who m | anage the charity | |
|---|---|---|---|
| Trustee name | Ofhce (ifany) | Dates acted ifnot forwhole year |
Name ofperson (or body) entitled toappoint trustee Ifan |
| Antony Wood | Chair | PGC | |
| Jane Dawson | Trustee | Parish Council | |
| Neil Knowles | Trustee | Parish Council | |
| Tony Howe | Trustee | Parish Council | |
| Blair Coutts | Trustee | Resigned 10.5.23 | PCC |
| Adel Shokralla | Trustee | PCC | |
| Mary Sibley | Trustee | Appointed 20.9.23 | PCC |
| General | Restricted | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Fund | ~Tt | I | 2tt22 | ||||||
| Receipts | f | E | |||||||
| Residents' | contributions | 61,228 | 61,228 | 60,581 | |||||
| Investment | income | 4,510 | 4,510 | 3,802 | |||||
| Investment | interest | ||||||||
| Miscellaneous income |
{inclrefunds) | ~50 | 3185 | ||||||
| 6~62 6 | ~SN. | ||||||||
| Assets and | investment | sales | |||||||
| Transfers and sales | |||||||||
| Total receipts | 66,238 | 66,238 | 67,568 | ||||||
| Payments | |||||||||
| Management and running |
costs ofthe Almshouses: | ||||||||
| Staff costs | 13,453 | 13,453 | 12,272 | ||||||
| ONce and | administration | costs | 12.333 | 12,333 | 10,303 | ||||
| Council tax | and utilities | 3,906 | 3,906 | 3,584 | |||||
| General maintenance | 21,980 | 21,980 | 30,396 | ||||||
| Extraordinary maintenance |
4,618 | 4,618 | |||||||
| Accountancy | and Examiner's fees | 162 | 162 | ||||||
| 554M | Rk453. | ||||||||
| Asset and | investment | purchases: | |||||||
| Investment | purchases | ||||||||
| Total Payments | 56,453 | 56,453 | 56,871 | ||||||
| Net (payments)/receipts | 9,786 | 9,786 | 10,697 | ||||||
| Cash funds | at 31stDecember 2022 | 46,427 | 46427 | @2~70 | |||||
| Cash funds | at31stDecember 2023 | 56,213 | 56,213 | 46,427 |
| t31 Dec mber2 2 |
3 | ||||
|---|---|---|---|---|---|
| General | Restricted | ~otal | ~02 | ||
| Fund | Fund | f | |||
| Cash funds | f | f | |||
| Balances at bankers | g(~21 | ||||
| Total cash funds | 56213 | 56213 | 46427 | ||
| Other monetary assets | |||||
| Debtors and prepayments | |||||
| Investment assets at market value |
|||||
| Blackrock Charities funds | 32,684 | 32,684 | 32,304 | ||
| M &G Charity Multi Asset Fund | 67642 | 67642 | 66 505 | ||
| ~1003 6 | 100326 | 98809 | |||
| Assets retained forthe | charity's own use | ||||
| Almshouse property (note 3) |
375017 | 375017 | 375017 | ||
| Total assets | 531556 | 531556 | 520 253 | ||
| Liabilities | |||||
| Creditors and accruals | |||||
| Net asset value | at91stDecember 2023 | 531,556 | 531,556 | 520,253 |
| General | Restricted | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Fund | ~Tt | I | 2tt22 | ||||||
| Receipts | f | E | |||||||
| Residents' | contributions | 61,228 | 61,228 | 60,581 | |||||
| Investment | income | 4,510 | 4,510 | 3,802 | |||||
| Investment | interest | ||||||||
| Miscellaneous income |
{inclrefunds) | ~50 | 3185 | ||||||
| 6~62 6 | ~SN. | ||||||||
| Assets and | investment | sales | |||||||
| Transfers and sales | |||||||||
| Total receipts | 66,238 | 66,238 | 67,568 | ||||||
| Payments | |||||||||
| Management and running |
costs ofthe Almshouses: | ||||||||
| Staff costs | 13,453 | 13,453 | 12,272 | ||||||
| ONce and | administration | costs | 12.333 | 12,333 | 10,303 | ||||
| Council tax | and utilities | 3,906 | 3,906 | 3,584 | |||||
| General maintenance | 21,980 | 21,980 | 30,396 | ||||||
| Extraordinary maintenance |
4,618 | 4,618 | |||||||
| Accountancy | and Examiner's fees | 162 | 162 | ||||||
| 554M | Rk453. | ||||||||
| Asset and | investment | purchases: | |||||||
| Investment | purchases | ||||||||
| Total Payments | 56,453 | 56,453 | 56,871 | ||||||
| Net (payments)/receipts | 9,786 | 9,786 | 10,697 | ||||||
| Cash funds | at 31stDecember 2022 | 46,427 | 46427 | @2~70 | |||||
| Cash funds | at31stDecember 2023 | 56,213 | 56,213 | 46,427 |
| t31 Dec mber2 2 |
3 | ||||
|---|---|---|---|---|---|
| General | Restricted | ~otal | ~02 | ||
| Fund | Fund | f | |||
| Cash funds | f | f | |||
| Balances at bankers | g(~21 | ||||
| Total cash funds | 56213 | 56213 | 46427 | ||
| Other monetary assets | |||||
| Debtors and prepayments | |||||
| Investment assets at market value |
|||||
| Blackrock Charities funds | 32,684 | 32,684 | 32,304 | ||
| M &G Charity Multi Asset Fund | 67642 | 67642 | 66 505 | ||
| ~1003 6 | 100326 | 98809 | |||
| Assets retained forthe | charity's own use | ||||
| Almshouse property (note 3) |
375017 | 375017 | 375017 | ||
| Total assets | 531556 | 531556 | 520 253 | ||
| Liabilities | |||||
| Creditors and accruals | |||||
| Net asset value | at91stDecember 2023 | 531,556 | 531,556 | 520,253 |