## **REDBOURN CARE TRUST** 

## **THE FUTURE OF REDBOURN CARE TRUST** 

In 2016 the members of Redbourn Care Group (now Redbourn Community Group) voted to form Redbourn Care Trust. This followed a decline in the funds of the Care Group over a number of years, and was the outcome of discussions with advisers from what is now Communities First on how to reverse this situation. 

The sole purpose of this decision was to improve the fundraising capabilities of the two charities by tapping different sources of grants not available to the Care Group. The Trust’s main objectives were to take over the grant-giving role of RCG and to support it financially. An important part of the strategy was to donate a large part of RCG’s assets to The Trust, 

including the garage and £120,000 in cash. 

The Trustees have now reached the conclusion that the professional advice behind the formation of RCT was misguided at the least. Over its five years of existence The Trust has failed to identify the grants that were said to be available and has had no real income other than one standing order of £10 per month, Gift Aid, and miniscule interest on its deposits. In part this has been because of the lack of capacity in The Trust, partly the disruption of the pandemic, but primarily because the original strategy was ill-founded. 

The Trust’s bank account has played a valuable role in hosting the financial transactions of the Redbourn Coronavirus Volunteers over the last 18 months, and to that extent it has proved to be a useful support to RCG. At the same time the pandemic has caused the Community Group to reconsider the range and nature of its activities. Its evolving role now seems to offer little complementary space for The Trust to occupy. 

In these circumstances the Trustees have concluded that there is little point in continuing The Trust, and are, therefore, proposing to the membership that the charity be dissolved and that all its financial reserves and other assets, including the minibus de donated to the Redbourn Community Group 

## **Barry Welch, Chairman** 

## **RESOLUTION** 

It is resolved that the Trustees be authorised to donate all the financial and other assets of the Redbourn Care Trust to the Redbourn Community 



Group, and thereafter dissolve the charity in conformity with Charity Commission requirements. The timing of the asset transfers and dissolution to be at the discretion of the Trustees. 



Redbourn Care Trust
Registered Charity Plo. 1169027
Balance Sheet as at 31 AW 2021
020
Book value
7,2LKI.(XI
20,(￿.
I4,4￿.C￿) Garage
30,OLKI.LKI Minibus
36,(KK).LK) 28.8LK).tsJ
55.1JX).IKI 35.LIXI.LX)
7,200.
20,LWJJ.00
Ilrte1&2
23,050.61 HSBC 21692704 Current alc
76.214.68 COIF Deposit alc
99.265.29
31.775.98
76.244.33
108.020.31
Debtor5
7094.77 Amount to be refunded by Redbourn Community Group
150.760Th Totsl A55ets
135320.31
Represented by:
Capital account
169.866.77 Balance b/fvid I September 2019
-19.106.71 Surplus/Defi¢it forthe year
Grant towards Minibus purchase
150,760.06
15.539.75
150,760.06 Balano 31 August 2021
135.220.31
Note I
In accordan￿ wtth current accounting practi￿ it has been decided to include
FFxed Assets on the Balan￿ Sheet at cost where known and depreciated over
the antiC4pated life of the asseL
Note Z
The Trust purchased a new Minibus. in 2018. the approxirnate new price forthe vehicle as
customised to our specification was £55.rJx). The Tru# received a Grant to assist
in the purchase of £31.247 from West Herts Charity Trust wrth the balance paid by
the Trust.
We have reviewed the accompanying Balance Sheet ofThe Redboum Care Trust at 315t August 2021. and the
Income & Expenditure Account for the year ended on that date. These financial statements are the responsibiltty of
the Trust's Management Committee. Our responsibility is to issue a report on these financial statements based on
our review.
We conducted our review in accordan￿ with the International Standard of Review Engagements 24Th). This
Standard requires that we plan and perforni the wiew to obtain moderate assurance as to whether the financial
statements are free of material misstaternent. A review is limited primarify to inquiries of Trust Offi￿r5 and
analytical procedures applied to the financial data and thus provide less assuran￿ than an audit. We have not
performed an audit and. according]y. we do not express an audit opinion.
Based on our review, nothing has come to our atterrtion that causes us to believe other than that the accompanying
finanual statements do give a t￿￿ and fair view of the financial affairs of the Trust as at 31 August 2021.
Date
R. Harding- Accountsnt
B.Wel¢h
Chairman
D. Poole- Treasurer

Rethum Care Trust
Registered Charity No. Ilv
I￿orne & Expendknre summary for the >Tar ermled 31 AW 2021
Income
Donations- General
Interest Received
Grft Aid
Legacy
Card Reader Credits
Transfer from RCG ref Covid Grants
I￿.(￿)
29.65
30.03
i.￿.00
22.174.81
21.250.
Totsl Inc(xne
44W9
Minibus
Garage rerrt
Underclaimed Garage Rent
Donations- Good Companions Xmas Outing
Donations- Day Centre
Garage Door Repairs
Hardship case
Grants
Redboum Corona Ifirus Supwrt
Sumup Card Payment Fees
Depreciation
20.54
450.LK)
809.99
o.
41.020.68
558.53
I1.2￿.(￿}
Total Expendlture
60.12424
Excess of expenditure ower income for the year
15539.75

Redbourn Care Trust
Registered Charity Plo. 1169027
Balance Sheet as at 31 AW 2021
020
Book value
7,2LKI.(XI
20,(￿.
I4,4￿.C￿) Garage
30,OLKI.LKI Minibus
36,(KK).LK) 28.8LK).tsJ
55.1JX).IKI 35.LIXI.LX)
7,200.
20,LWJJ.00
Ilrte1&2
23,050.61 HSBC 21692704 Current alc
76.214.68 COIF Deposit alc
99.265.29
31.775.98
76.244.33
108.020.31
Debtor5
7094.77 Amount to be refunded by Redbourn Community Group
150.760Th Totsl A55ets
135320.31
Represented by:
Capital account
169.866.77 Balance b/fvid I September 2019
-19.106.71 Surplus/Defi¢it forthe year
Grant towards Minibus purchase
150,760.06
15.539.75
150,760.06 Balano 31 August 2021
135.220.31
Note I
In accordan￿ wtth current accounting practi￿ it has been decided to include
FFxed Assets on the Balan￿ Sheet at cost where known and depreciated over
the antiC4pated life of the asseL
Note Z
The Trust purchased a new Minibus. in 2018. the approxirnate new price forthe vehicle as
customised to our specification was £55.rJx). The Tru# received a Grant to assist
in the purchase of £31.247 from West Herts Charity Trust wrth the balance paid by
the Trust.
We have reviewed the accompanying Balance Sheet ofThe Redboum Care Trust at 315t August 2021. and the
Income & Expenditure Account for the year ended on that date. These financial statements are the responsibiltty of
the Trust's Management Committee. Our responsibility is to issue a report on these financial statements based on
our review.
We conducted our review in accordan￿ with the International Standard of Review Engagements 24Th). This
Standard requires that we plan and perforni the wiew to obtain moderate assurance as to whether the financial
statements are free of material misstaternent. A review is limited primarify to inquiries of Trust Offi￿r5 and
analytical procedures applied to the financial data and thus provide less assuran￿ than an audit. We have not
performed an audit and. according]y. we do not express an audit opinion.
Based on our review, nothing has come to our atterrtion that causes us to believe other than that the accompanying
finanual statements do give a t￿￿ and fair view of the financial affairs of the Trust as at 31 August 2021.
Date
R. Harding- Accountsnt
B.Wel¢h
Chairman
D. Poole- Treasurer

Rethum Care Trust
Registered Charity No. Ilv
I￿orne & Expendknre summary for the >Tar ermled 31 AW 2021
Income
Donations- General
Interest Received
Grft Aid
Legacy
Card Reader Credits
Transfer from RCG ref Covid Grants
I￿.(￿)
29.65
30.03
i.￿.00
22.174.81
21.250.
Totsl Inc(xne
44W9
Minibus
Garage rerrt
Underclaimed Garage Rent
Donations- Good Companions Xmas Outing
Donations- Day Centre
Garage Door Repairs
Hardship case
Grants
Redboum Corona Ifirus Supwrt
Sumup Card Payment Fees
Depreciation
20.54
450.LK)
809.99
o.
41.020.68
558.53
I1.2￿.(￿}
Total Expendlture
60.12424
Excess of expenditure ower income for the year
15539.75