SALEM AND FREMINGTON ALMSIIOUSES
REPORT AND UNAUDITED ACcOU￿s
YEAR ENDED
31 MARCH 2025
CHARITY REGISTRATION NUMBER 253191

SALEM AND FREMINGTON ALMSHOUSES
COIYTENTS
Truste¢s annual report
Independent examiner's report
Receipts and Paym¢nts A¢¢ount
Statement of Assets 8nd Liabilities

SALEM AND FREMINGTOY4 ALMSHOUSES
TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2025
REFERENCE AND ADMINISTRAI'IVE INFORMATIO
Governing Docwnent
Deed dated 1834 revised in 1970.
Rcgistcrcd Clwity Number:
253191
Registered Address:
15 Higher Church Street,
Barnstapl¢
Devon
X32 8JE
Trustees..
Mrs L Hancox (Chairnian from 419112)
Mr P Howe (Treasurer / Manager)
Mr J Taylor (from 241511 l)
Mr5 G Brdunton (from 613112)
Mrs S Bamett (from 4112112)
Mr Peter Kidd (from 2711114)
Bank:
Lloyds TSB
17 Cross Street
Barnstapl¢
Financial Adviser
Croft & Co
14 Barnstaple StJEet
Bideford
tndepcndcnt Examin¢rs'.
LCA Chartered Accountants
13 Silver Street
Barnstsple
Solicitors:
Brewer, Harding and Rowe
The Square
Barnstsple
Insurnnce Broker:
Grout
Woolwich House
2nd Floor
43 George Street
Croydon

SALEM AND FREMINGTON ALMSHOUSES
TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2025
The TN8tee8 have pleaswe in presejjting their report and the accounts of the clwity for the
year ended 31st March 20￿.
Structure, Govenwnce & Management
The Salem and Fremington Ajjnshouse Tn￿ is a registered Ch￿lty governed by art 1834
deed as amended by the Schem¢ document dated 12 November 1970. Thc Trust Is also
member of the National Association of A]mshouses.
The Charity is by a ￿)ard of Tn￿tees. Meetings of the Tn￿teeS are held quarterly. Th¢
Trustees are assisted by Mrs S Bennett who acts as Secretary and mallagementhreasuter
services are Suppli￿ by Mr P Howe supported by Mr D Jenkins.
New Tn￿te¢S are appointed by resolution of the Trustees at a quarterly meeting.
Objectlves
'Ile Cknty's object is to provide almshouses for the Ixnefit of almspeople who shall be poor
persons who are resident in the p￿1$h of Fr¢mington and thc borough of Barn5taple.
The Charity currently achieves its object by relltillg out the Salem and Fremington
Almshouses to local people over 50 years of age.
]n carrying out the CILarity's objec¢ the TrLLStccs have had rcgard to the guidance issued by
the Charity Commission on public benefit.
Achlevements
All TWulr￿ tnsurdnc¢ polici¢s ar¢ in plac¢.
Remedial work and maintenance Ilas continued througbout the year. all properties a
in good order and an ongoing mailltcnancc plall is now produced each year to help
plan and bud8¢t.
All propcrtics subjcctcd to 5 ycar el￿trIcal testing as reconlln¢nded in Quinquennial
report. Testing catTied out by SW Bound Electrical services and all work completed
to brillg hous￿ up to Standard and i8sud ccrtificate5 awrdingly.
Almshou8e tThstee meetings have continued throughout 2024125 and alternate
between Microsoft Teams and face to face.
Plumbing leak5 rcpaircd No 5 and No I I
Rcmoved skylights oveT No 1, 2 and 3 and roof Tewcovered with resin and matting.
N¢w boiler No 9
Following gas checks, new flu liner installed No I, defc£tivc fir¢5 r￿laCed No 7 and
No 10, ncw ccrtificates Iss￿ed.

SALEM AND FREMINGTON ALMSHOUSES'I'RUSTEES ANNUAL REPORT FOR
THE YEAR ENDED 31ST MARCH 2025 (continued)
Achievements {contillved)
AGM cattied out face to face tbis year.
Front rcM)fs over No 4 - 10 and No I1- 12 and ridge sorted, also chimney5
seagull pr(K)fed.
All properties are currently occupied.
Cmistmas meal was held at The Fortescue, all had a very ￿1¢¢ time. Each resident
receiv￿ a £25 Marks and Spencer gift voucher for Christmas.
The Tntst is represented at the Trinity St Residents Group.
No changes lo current board of trustees.
Croft and Co Continue to advise on investment$.
Reserves Policy
We aim to maintsin a bank balance of at least £IO.IM)O in order to be in a ￿lsition to meet
ullforcsccn cxpenditure.
The Tn]stees declare that they have approved the Tr￿tee5, re￿rt alx)ve.
Signed on behalf of the Charity's Trustees
2025

SALEM AND FREMINGTON ALMSHOUSES
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
I report on the accounts of the Trust for the year end￿ 31 March 2025 which are set out on
pages 5 to 7.
Responslbllltles and basfis of report
As the charity's trustees you aTe 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 caTried out under section 145 of
the 2011 Act and in carrying out my examinatio￿ I have followed the applicable Dire¢tAons
given by the CharÈty Commission under section 145(5)(b) of the Act.
Independent exAmlner'8 ststement
I hav¢ compl¢t¢d my ¢xamination. I wnfinn that no mat¢rial matt¢rs have come to my attention
in connection with the examination which gives me cause to believ¢ that iry any material
respe£t:
accounting records were not kept in accordance with section 130 of the Act or
the accounts do not a¢cord with th¢ accounting records
I have no concerns and have wjlle ￿rOsS no Oth￿ matters in ￿nnectIOn with the examination
to which att￿tion should b¢ drawn in ord¢r to ¢nabl¢ a prop¢r understanding of the accounts
to be r¢achcd.
Mrs Rebeeea Williams FCA
LCA Cbartered Accountants
13 Silver Street
Barnstaple
Devon
EX32 811R

SALEM AND FREMINGTON ALMSHOUSES
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Ro¢•lpts
Incomlng resources from charltabl•
activiti08
Rent contributions
46,390.00
43,910.00
Othgr T￿elp￿
Sundry
Total recelpts
46,390.00
43,910.00
Paym•nt8
Charitable expendlture
Water rates
Council tax
Insurance
TV licences
Propety maintsnance
Gardening
Light and heat
GFft vouchers
Funcllons
Management servi￿8
Telephone
Sundries
2,195,87
3.879.90
2,004.99
1,571.10
1,843.43
2,117.95
39,095.61
449.31
1,015.49
300.00
466.70
7.200.00
28,927.46
324.00
840.31
300.00
495.00
7,200.00
56.630.37
43,619.25
,630.37
46.390.CX)
43,619.25
43,910.

SALEM AND FREMINGTON ALMSHOUSES
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025 continued
2025
2024
56.630.37
46,390.00
43,619.25
43,910.00
Gov•man¢• costs
Meeling expenses
Accountsncy
Postage and stationery
Subscriptions
565.05
443.70
618.00
6.00
407.00
419.00
1,644.05
1.474.70
Total paym•nts
58,274.42
45,093.95
Net rKelptsl(payments) for ihe year
(11,884.42)
{1,183.95>
Cash and bank balances bm 1 April 2024
41,998.13
43,182.08
Cash and bank balan¢es CH 31 March 2025
£ 30,113.71
£ 41,998.13
CLIENTS APPROVAL
The accounts were approved at a meeting held on
SKJned..................................

SALEM AND FREMINGTON ALMSHOUSES
STATEMENT OF ASSEfs AND LIABILrriES AT 31 MARCH 2025
2025
2024
A88ets
Bank balancos
Lloyds Bank
Cash
30,107.80
5.91
41,979.02
19.11
30 113.71
41988.13
Investments
COIF Charfty Funds (101.55 unilsl
Aegon investment (previously Cofunds)
Land and bulldlng8
Salem and Fremington Amshouses
15 Higher Church Street