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 (T￿lsurer 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
2￿1 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 doCUn￿llt 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 Ca￿1￿ 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 d￿oratiOnS 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 ca￿lled
out virtually via Microsoft trams.
AGM carried out face to face thi5 ycar.
App]i￿tiOn 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 T￿Ste¢S d¢clar¢ that th¢y have approvcd thc Trnstees, report above.
Signed on I￿half 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¢ Tn￿t'S a￿Trunts 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