## **SALEM AND FREMINGTON ALMSHOUSES** ## **REPORT AND UNAUDITED ACCOUNTS** ## **YEAR ENDED** **31 MARCH 2023** **CHARITY REGISTRATION NUMBER 253191** ## **SALEM AND FREMINGTON ALMSHOUSES** ## **CONTENTS** |Trustees annual report|**1**| |---|---| |Independent examiner’s report|**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 2023** ## **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 (Chairman from 4/9/12)| ||Mr J Taylor (from 24/5/11)| ||Mrs G Braunton (from 6/3/12)| ||Mrs S Bennett (from 4/12/12)| ||Mr Peter Kidd (from 27/1/14)| |Treasurer / Manager:|Mr P Howe| |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| ||2ndFloor| ||43 George Street| ||Croydon| 1 ## **SALEM AND FREMINGTON ALMSHOUSES** ## **TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2023** The Trustees have pleasure in presenting their report and the accounts of the charity for the year ended 31st March 2023. ## **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. The Trustees are assisted by Mrs S Bennett who acts as Secretary and 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** The Charity’s object 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. In carrying out the Charity’s object, the Trustees have had regard to the guidance issued by the Charity Commission on public benefit. ## **Achievements** - All required Insurance policies are in place. - Remedial work and maintenance has continued throughout the year, all properties are in good order and an ongoing maintenance plan is now produced each year to help plan and budget. - Gas checks carried out by Gas rite and all safety certificates in place and up to date. - CO alarms fitted to all properties following ruling that landlords need to provide these from 1[st] Oct 22 - New Central Heating Boiler number 6 - New cooker provided for Number 2. - Bedroom redecoration of Number 3, including new carpet, built in wardrobes and new bedroom furniture. - - New more accessible gas fire fitted number 3. - New floor fitted to number 4 Kitchen. 2 - **SALEM AND FREMINGTON ALMSHOUSES TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2023 (continued)** - **Achievements (continued)** - Almshouse trustee meetings have continued throughout 2022/23 but are mainly carried out virtually via Microsoft teams. - AGM carried out face to face this year. - New washing machines bought for Numbers 1, 9 and 11. - Quinquennial inspection completed Oct 22. - Some internal painting completed and new kitchen work surfaces fitted in number 4. - Number 2 fully refurbished and new resident moved in Jan 23 - 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 Trustees’ report above. Signed on behalf of the Charity’s Trustees 2023 3 ## **SALEM AND FREMINGTON ALMSHOUSES** ## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES** I report on the accounts of the Trust for the year ended 31[st] March 2023 which are set out on pages 5 to 7. ## **Responsibilities and basis of report** As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the Act). I report in respect of my examination of the Trust’s accounts carried out under section 145 of 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. ## **Independent examiner’s statement** 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 LCA** **BARNSTAPLE CHARTERED ACCOUNTANTS** 4 ## **SALEM AND FREMINGTON ALMSHOUSES** ## **RECEIPTS AND PAYMENTS ACCOUNT** ## **FOR THE YEAR ENDED 31st MARCH 2023** |**2023**
**Receipts**
**Incoming resources from charitable**
**activities**
Rent contributions
**Other receipts**
Sundry
**Total receipts**
**Payments**
**Charitable expenditure**
Water rates
1,819.86
Council tax
2,025.73
Insurance
1,802.71
TV licences
60.00
Property maintenance
23,267.63
Gardening
439.00
Light and heat
349.95
Gift vouchers
300.00
Functions
457.75
Management services
7,200.00
Telephone
301.60
Sundries
60.00
38,084.23
c/f
38,084.23|41,200.00
-
41,200.00
41,200.00|**2022**
2,308.37
1,585.60
1,654.34
-
35,693.82
336.00
146.38
300.00
421.60
7,200.00
478.65
60.00
50,184.76
50,184.76|45,785.00
-| |---|---|---|---| ||||45,785.00
45,785.00| 5 ## **SALEM AND FREMINGTON ALMSHOUSES** ## **RECEIPTS AND PAYMENTS ACCOUNT** ## **FOR THE YEAR ENDED 31st MARCH 2023 continued** |**2023**
38,084.23
**Governance costs**
Meeting expenses
467.80
Accountancy
564.00
Postage and stationery
13.04
Subscriptions
233.00
1,277.84
**Total payments**
**Net receipts/(payments) for the year**
Cash and bank balances b/f 1st April 2022
Cash and bank balances c/f 31st March 2023|41,200.00
39,362.07
1,837.93
41,344.15
43,182.08
£|**2022**
50,184.76
283.55
540.00
-
222.00
1,045.55|45,785.00
51,230.31| |---|---|---|---| ||||(5,445.31)
46,789.46| ||||41,344.15
£| 6 ## **SALEM AND FREMINGTON ALMSHOUSES** ## **STATEMENT OF ASSETS AND LIABILITIES AT 31st MARCH 2023** |**Assets**
**Bank balances**
Lloyds Bank
Cash|**2023**
43,162.97
19.11
43,182.08|**2022**
41,300.39
43.76| |---|---|---| |||41,344.15| ## **Investments** COIF Charity Funds (101.55 units) Aegon investment (previously Cofunds) ## **Land and buildings** Salem and Fremington Almshouses 15 Higher Church Street 7