##
##
##
##
|||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|
##
##
##
##
##