SALEM AND FREMINGTON AIMSHOUSES REPORT AfiD UNAUDITED ACCOUNTS YEAR ENDED 31 MARCH 2024 CHARITY REGISTRATION NUMBER 253J91
SALEM AND FREMINGTON ALMSHOUSES CONTENTS Tnjstees annual port Independent examiner's rew>rt Receipts and Payments Account Statement of Assets and Liabilities
SALEM AND FREMINGTON ALMSHOUSES TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2024 REFERENCE AND ADMINISTRATIVE INFORMATION Gov¢rning Dorurnent Deed dated 1834 revised in 1970. Registered Charity Numbcr. 253191 Registered Address: 15 Higher Church Street, Barnstaple Devon EX32 8JE Trustees.. Mrs L Hancox (Chairnlan from 419112) Mr P Howe (Tlsurer l Manag) Mr J Taylor (from 2415111) Mrs G Braunton {from 613112) Mrs S Bemiett (fron) 4112112) MT Peter Kidd (from 2711114) Bank.. Lloyds TSB 17 Cr0&8 Sttret Barnstaple Finan¢i81 Adviser Croft & Co 14 Bantstaple Street Bideford Independent Examiners: LCA Chartered Accountants 13 Silver Street Barnstaple Solicitors: Brewer. Harding and Rowe The Square Barn8tapA¢ Insurance Broker: Grout Woolwich House 21 Floor 43 George Street Croydon
SALEM AND FREMINGTON ALMSHOUSES TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 Th¢ Trustees have pleasurc in prcsenting their report and the accounts of the clwity forthe year ¢Dded 31 Mareh 2024. Strnctur6 Gov¢rnAnee & Manrdgtment The Salem and Fr¢mington Almshouse Trust is a registered Chariiy governed by an 1834 deed as am¢nded by the Scheme doCUnllt dated 12 Novcmber 1970. The Trnst is also a member of the National As$o¢ialion of Ahnshouscs. The Charity is rL by a Board of Trustees. Meetings of th¢ Trustees are held quart¢rly. The Trnslees arc assisted by Mrs S Bennett who acts as Secretary and managementltreasurer s¢rYi¢¢s are supplied by Mr P Howe supportcd by Mr D Jenkins. New Trustees are appointed by resolution of the Tnjstees at a quarterly meeting. Objectives The C]wity's object is to Provide almshous¢$ for the benefit of almspeople who Shall be poor persolls who are resident in the parish of Fremington and the borougll of Barnstaple. The Charity currently achieves its objeet by renting out the Salem and Fremington Almsllouses to local people over 50 years of age. In carying out ihe Charity's object. the Trustees have Ilad regard to the guidance issued by the Clwity Commissi(m on public benefit. Acblevements All required ]nsurance policies ar¢ in pla. Rem¢dial Work and maint¢nanc¢ has continued tluougbout th¢ year. all properties are in good order and an ongoing maintenance plan is now produced each yearlo help plan and budget. Gas checks ¢aTried out by Gas rite and all safety certificatcs in place up to datc. All properties subjected to 5 year electrical testing as recommended in Quinquennial report. Testing Ca1 out by SW Bound Electrical services and all work completed to britig houses up to standard and issua certificates accordingly. New Central Heating Boilers numbers 4 and I l. New Washing machines proiided for numbers 2 and 7. Fitted wardrobes built for number 8. New Saniflow unit fitted number 5. Infrrnal doratiOnS number 7.
SALEM AND FREMINGTON ALMSHOUSES TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 (continued) Aehievtments (eontlnued) Almshouse trust¢e meetings have continued throughout 2023124 but are mainly called out virtually via Microsoft trams. AGM carried out face to face thi5 ycar. App]itiOn made to rcmove nuTnber 15 Higher Church St from residential housing register and chang¢ use to otTiGe. New washing machines bought for numbers 1. 9 and l l. Iiandrails fitted to shovlers numbers l and 3. Broken I slipped tiles replaced OD roof and resultant damp patches in ceilings of numbers 4 and 6 roJeCorat. Eased and adjusted windows and decorated intem8lly as were getting stuck or unable to open (numbers 3, 4, 5, 6, 7, 8 ,9. 12) All properties ar¢ ¢urr¢ntly oc¢upied. Christmas meal wa5 hcld at The Fortescue. all had a very ni¢¢ timc. Each resident received a £25 Marks and Spencer gift voucher for Cluistmas. The TnLSt is represented at the Trinity St Residents Group. No changes to current ly)ard of tsuste¢8. Croft and Co Colltinue to advise on inveslments. Reserves Policy W¢ aim to maintain a bank balance of at least £IO.000 in order to be in a position to meet unfores¢¢n expenditure. The TSte¢S d¢clar¢ that th¢y have approvcd thc Trnstees, report above. Signed on Ihalf of the Clwity's TTUStees 2024
SALEM AIYD FREMtNGTON ALMSHOUSES llYDEPENDENf EXA1[lNER's REPORT TO THE TRUSTEES I report on the accounts of the Trust for the year ended 31 March 2024 which aTe set out on pages 5 to 7. Responsibilliles and b8s1s of report As the charity's Injstees you are responsible for the preparation of the accounts in accordanc¢ with the requirements of the Charities Act 2011 (th¢ Act). I rewrt in Tespect of my examination of th¢ Tnt'S aTrunts wried out under s¢ction 145 of the 2011 Act and in carrying out my examinatio I have followed th¢ applicabl¢ Dir¢¢tions given by the Charity Ci)rnmission under se¢tion 145(5)Ib) of the Act. Independent exféminer's statement I have completed my examination. I confirn] that no material matt¢rs hav¢ com¢ to my attention in corfftection with the exarnination which gives me cause to believe that 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 matter3 in connection with tbe examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Mrs Rebeeca Willlarns FCA LCA Chartered Accountants 13 Sllver Street Barnstaple Devon EX32 SHR
SALEM AND FREMINGTON ALMSHOUSES RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Receipts Incomlng rgsourcos from charliabla aetlvltleg Rent contributlons 43,910.00 41.2CKI.00 Other reGelpts Sundry Total recelpts 43.910.00 41,200.C() Paymènts Charflablo oxp•ndlturo Water rates Council tax Insurance TV licences Property maintenance Gardening Light and heal Gfft vouchers Functions Managemenl services Telephone Sundries 1.571.10 1,843.43 2,117.95 1,819.86 2,025.73 1,802.71 28,927.46 324.00 840.31 300.00 495.00 7,200.IJ) 23.267.63 439.¢)0 349.95 300.00 457.75 7,200.00 301.60 43,619.25 38.084.23 43.619.25 43,910.00 38,084.23 41.2CKI.00
SALEM AND FREMINGTON ALMSHOUSES RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 contlnued 2024 2023 blf 43.619.25 43,910.IXI 38,084.23 41,200.00 Governance costs Meeting expenses Accountancy Postage and stationery Subscriptions 443.70 618.00 6.00 407.00 467.80 564.00 13.04 233.00 1.474.70 1,277.84 Total payments 45,093.95 39.362.07 Net reGoiptsI{paym•nts) for th• y•ar {1,183.951 1,837.93 Cash and bank balances blf 1 Aprfl 2023 43,182.08 41.344.15 Cash and bank balances ¢tt 31 March 2024 £ 41,998.13 £ 43,182.08 CLIENTS APPROVAL The accounts were approved at a meetiro held on Signed.............
SALEM AND FREMINGTON ALMSHOUSES STATEMENT OF ASSETS AND LIABILrriES AT 31 MARCH 2024 2024 A88ets Bank balance8 Lloyds Bank Cash 41,979.02 19.11 43.182.97 19.11 41.998.13 43.182.08 Investmonts COIF Charrty Funds1101.55 unilsl Aegon investrmenl Ipreviousty Cofvnds) Land and building8 Salem and Fremlnglon Almshouses 15 Higher Church Street