## **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| **1** ## **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. **2** ## **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** 4 ## **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