2022-03-31-accounts

SALEM AND FREMINGTON ALMSHOUSES

REPORT AND UNAUDITED ACCOUNTS

YEAR ENDED

31 MARCH 2022

CHARITY REGISTRATION NUMBER 253191

SALEM AND FREMINGTON ALMSHOUSES

CONTENTS

Trustees annual report	1
	4
Receipts and Payments Account	5
Statement of Assets and Liabilities	7

SALEM AND FREMINGTON ALMSHOUSES

TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2022

REFERENCE AND ADMINISTRATIVE INFORMATION

Governing Document	Deed dated 1834 revised in 1970.
Registered Charity Number:	253191
Registered Address:	15 Higher Church Street,
	Barnstaple
	Devon
	EX32 8JE
Trustees:	Mrs L Hancox
	Mr J Taylor
	Mrs G Braunton
	Mrs S Bennett
	Mr Peter Kidd
Bank:	Lloyds TSB
	17 Cross Street
	Barnstaple
Financial Adviser	Croft & Co
	14 Barnstaple Street
	Bideford
Independent Examiners:	LCA Chartered Accountants
	13 Silver Street
	Barnstaple
Solicitors:	Brewer, Harding and Rowe
	The Square
	Barnstaple
Insurance Broker:	Grout
	Woolwich House
	2nd Floor
	43 George Street
	Croydon

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SALEM AND FREMINGTON ALMSHOUSES

TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2022

The Trustees have pleasure in presenting their report and the accounts of the charity for the year ended 31st March 2022.

Structure, Governance & Management

The Salem and Fremington Almshouse Trust is a registered charity governed by an 1834 deed as amended by the Scheme document dated 12[th] November 1970. The Trust is also member of the National Association of Almshouses.

The Charity is run by a Board of Trustees. Meetings of the Trustees are held quarterly. Management/treasurer services are supplied by Mr P Howe supported by Mr D Jenkins.

New Trustees are appointed by resolution of the Trustees at a quarterly meeting.

Objectives

is to provide almshouses for the benefit of almspeople who shall be poor persons who are resident in the parish of Fremington and the borough of Barnstaple.

The Charity currently achieves its object by renting out the Salem and Fremington Almshouses to local people over 50 years of age. the Charity Commission on public benefit.

Achievements

All required Insurance policies are in place.

• Remedial work and maintenance has continued throughout the year and things are getting back to normal following the Pandemic all properties are in good order and an ongoing maintenance plan is now produced each year to help plan and budget.

• All residents well despite the Pandemic, all were supported throughout the year and all are looking forward to returning to some sort of normal now that the Pandemic is over and we are learning to live with Covid 19.

• Gas checks carried out by Gas Rite and all safety certificates in place and up to date.

• Security lights replaced at rear of properties.

• New cooker provided for number 8.

• Communal tumble dryer provided for residents use.

• New floor fitted to number 4 kitchen.

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SALEM AND FREMINGTON ALMSHOUSES TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2022 (continued)

Achievements (continued)

• Upstairs bathrooms fitted to numbers 4, 6 and 7, all properties now have upstairs toilets except number 12

• Almshouse trustee meetings have continued throughout 2021/22 but were carried out virtually via Microsoft teams.

• AGM carried out face to face this year following 2 years of virtual meets.

• Exterior painting completed to front of almshouses including all windows, doors, soffits and fascia boards.

• Some internal painting completed and repairs made to inside of windows in some properties.

• All properties are currently occupied.

• Christmas meal was held at The Fortescue, all had a very nice time. Each resident received a £25 Marks and Spencer gift voucher for Christmas.

• The Trust is represented at the Trinity St Residents Group.

• No changes to current board of trustees.

• Croft and Co continue to advise on investments.

Reserves Policy

We aim to maintain a bank balance of at least £10,000 in order to be in a position to meet unforeseen expenditure.

The Trustees declare that they have approved the T

.

May 2022

3

SALEM AND FREMINGTON ALMSHOUSES

TRUSTEES

I report on the accounts of the Trust for the year ended 31[st] March 2022 which are set out on pages 5 to 7.

Responsibilities and basis of report

As trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the Act).

the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

• accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

13 Silver Street BARNSTAPLE

LCA CHARTERED ACCOUNTANTS

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SALEM AND FREMINGTON ALMSHOUSES RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31st MARCH 2022

2022 Receipts Incoming resources from charitable activities Rent contributions Other receipts Sundry Total receipts Payments Charitable expenditure Water rates 2,308.37 Council tax 1,585.60 Insurance 1,654.34 TV licences - Property maintenance 35,693.82 Gardening 336.00 Light and heat 146.38 Gift vouchers 300.00 Functions 421.60 Management services 7,200.00 Telephone 478.65 Sundries 60.00 50,184.76 c/f 50,184.76	45,785.00 - 45,785.00 45,785.00	2021 2,029.39 1,206.24 1,607.63 30.00 8,882.80 336.00 117.38 570.00 - 7,200.00 432.85 90.00 22,502.29 22,502.29	43,185.00 -
			43,185.00 43,185.00

5

SALEM AND FREMINGTON ALMSHOUSES

RECEIPTS AND PAYMENTS ACCOUNT

FOR THE YEAR ENDED 31st MARCH 2022 continued

2022 50,184.76 Governance costs Meeting expenses 283.55 Accountancy 540.00 Postage and stationery - Subscriptions 222.00 1,045.55 Total payments Net receipts/(payments) for the year Cash and bank balances b/f 1st April 2021 Cash and bank balances c/f 31st March 2022	45,785.00 51,230.31 (5,445.31) 46,789.46 41,344.15 £	2021 22,502.29 - 528.00 22.37 216.00 766.37	43,185.00 23,268.66
			19,916.34 26,873.12
			46,789.46 £

6

SALEM AND FREMINGTON ALMSHOUSES

STATEMENT OF ASSETS AND LIABILITIES AT 31st MARCH 2022

Assets Bank balances Lloyds Bank Cash Investments COIF Charity Funds (101.55 units) Aegon investment (previously Cofunds)	2022 41,300.39 43.76 41,344.15	2021 46,730.70 58.76
		46,789.46

Land and buildings

Salem and Fremington Almshouses 15 Higher Church Street

7