Charfty no 200076 RENHOLD CHARITY COThAGES FINANCIAL STATEMENTS YEAR ENDED 31st MARCH 2025 Ch•rlty R*tered Number 2(KK176 Trnstees Mrs marga￿ Dean Mr5 Hllary Éltrlngham Mr lan Mclver Mr Keith Herke5 Rev lan Smlth Contart Mrs Amanda Newton (Clerk to the Trustees) 42 GainsborouBh Rise Bedft>rd Bedfordshire MK417PR (Appointed 14 September 20231 8anktrs Natwe5t PLC 81 High Street Bedford MK41 OU CCL4 for Charftles 80 Cheapslde London EC2V 6DZ Shawbrook Bank Ltd Lutea House Warfey Hlll Buslness Park Great Warl Essex CM13 38E Independent Examlner Loulse Tunley FCA CTA DChA 19 Goldin8ton Road Bedford MK40 3JY ENHOLD CHA iJrrA ES-TrU REPORT THE YEAR E i- MARCH The Trustees present their Annual Report together with the independenty examined accourrts for the year ended 31 March 2025. Structure. Govemance and management Renhold Charity Cottages is comprised in a scheme dated 15 Febnjary 1972 in the Partsh of Renhold In Bedfordshire and In the matter of the Charlties Act, 1960. The Charity holds land In Raven5den Road. Renhold totsling approximately 4 acres, part of which contains four bungalows buih in 2(KJO occupied by alms persons. The rem3lnder of the land Is let on an agricultural tenanry. The charlty is administered and managed by a body ofTrustees that consist of fNe competent persons belng one eX￿fficI0 Trustee. two nomlnatlve and two ctropted Trustees. The eM￿fficI0 Trustee shall be the Vicar of the Parlsh of Renhold. Renhold Parish Council has the right to nominate two Trustees. Each appolntment shall be made for a term of four years. The persons appointed may be, but need rK>t be, a member of the councll. The co-optative Trnstees shall be persons by virtue of their association wlth and knowled8e of the village of Renhold. co￿ptat￿￿ Trustee5 are appolnted by resolution of the Trustees and shall be appolnted for a period of five years. The Trustees who Served during the year were: Mrs M J Dean (Nomlnative trustee lappolnted chairl to l June 20281 Mrs H E￿rIngh3rn ICo-OPtatlve TNstee appointed to 30 June 2026) Mr l Mclver (co￿PtatI¥e Trustee apwinted to 26 October 20251 Mr K Plerkes ICo-OPtatNe Trustee appolnted to 19 May 20291 Rev I Smlth ex-offlclo trustee Rlsk A55•5smenl The ma5or risk5 to whlch the charity Is exposed as Identified by the Trustees have been revlewed and systems have been established to rnltl8ate these risks. Objertlves ind Adlvttl The Charlty Commissioners approved a scheme on 15 February 1972 by Deed authorising the Tnjstees to let the land and buildings and apply the income (after the expenses and suitsble provlslon for future repalrsl for the benefit of the alms people occupyin8 the bungalows in accordance wlth the Deed. R•vlw ofthe Yur The prlnclpal artiwty continues to be the management and overseeing of the almshouses and adjoining land. All almshouse5 were occupied durin8 the year. An Informal maintenance contrart is in exi5tente forthe on801￿ malntenance of the ground5 (excluding rear 8ardens whlch are the re5ponsiblllty of each occupler}. Any surplus fvnds are used to increase the malntenance reserves In Ilne with the recommend3tK•ns made by the Almshouse Association and the remainder retalned for use in a potential new scheme. One bungalow became vacant during the year. Afvll refurblshment took place and a new beneficiary was appolnted and they wlll take up ottupancy In May 2025. NH -TRU Flnancial Review For the year ended 31 March 2025 the charity had a deficit of £21.609 lsurplus of £3.578 in 2024). Total net assets excluding the upllft In value of the properties againrt their cost amourrted to £397,0101£418,619 In 20241. The Maintenan￿ charge5. whlch Increased to £90.1￿) per week for Nurnbers 1. 3 and 4 and £115.00 per week for Number 2 from l April 2025. The Trustees review the thar8es on an annual basis. Reserves Polky The Trustees consider that the level of reserves15 approprlate, havlng regard to future refurblshment costs and the plan to build further hO￿Ing unlts. Pl•ns for Futwe Perlods The trustees have now received quotations for the installatlon of wlar paneLs on the bungalows and It hoped that this work will commence in the summer of 2024. The long tenn oblectlve of the charltyls to bulld addltlonal bungalows on part of the adjoinirvd agricultural land owned by the charlty. ststement ofTntste¥s Rewlnslbllltles The Trustees I￿ responslble for keeplng proper accountlng ￿e0rd$, whlch dlsclose wlth reasonable accuracy at any tlme the flnancial position of the tharity and to enable them to ensure that the finandal statements comply with the relevant ￿9￿latIonS and the provisions of the Charities Goveming t>ocument. They are responslble for safe8uardlng the assets of the charlty and hence for takin8 reasonable steps for the preventiorn and detectlon of fraud or other irregularities. The Trustee5 have due ward to guldance publlshed by the Chalrty Comrnls5ion on publSc beneflt. The charity prowdes affordable housin8 for needy people who We￿ born and lor reside in the Parlsh of Renhold. The Trustees are aware of the guidance and understand that It should be taken Into account when maklng a decision to whlch the guidance is relevant. Slgned on behalf of the Board Mrs Marga￿t Oean, Chalr Mr lan Mclver, Trustee Date: 18 August 2025 RENHOLD CHARITY ciyrrAGES Independent Exarninees Report to the Trustees of Renhold Charlty Cott4es I reportto the charity trustee5 on my examination of the accounts of the charity for the yearended 31 Mareh 2025 which are Set outon pages 6 to7. Ruponslbilitie5 and b￿15 ol rep As the charity45 trustees you are responsible for the prepardtion of the accounts in accordance with the requirements of the Chafltles Act 20111.the Acr). I report In respect of my examination of the charl￿$ accounts carried out under section 145 of the Art and In carryin8 Qut my examlnatlon I have followed all the applicable DI￿rtIOnS given by the Charity Commisslon under sertion 14515llbl of the Act. Independent ex•mIne￿5 ststem•rt I have completed my examlnation. I conflm that no materfal matters have come to my attentlon In connection wlth the examlnatlon gl¥ln8 me cause to believe that in any material respect: accountlng records were not kept In respect of the charty as requlred lry sectlon 130 of the Act; or 2. the accounts do not accord with those records. I have no concerns and have come across no other matters In connethon with the examlnation to which attentlon should be drawn In this report In order to enable a proper understanding of the accounts to be reached. Loulse Tunley FCA cfA DChA Chartered Accountarrt 19 Goldlngton Road Bedford MK40 3JY Date: 18 August 2025 RENHOLD CHARITY currAGES YEAR ENDED 31 MAR(112025 RECEIPTS AND PAYMEPITS Accoumr Unrestrlrted funds 2025 Unre5trl¢ted fvnds 2024 RECEIPTS Weekly Maintenance Charges Investment Income Bank Inte￿$t Grant income Other Income 17.336 6,637 978 13,745 476 17,785 397 383 Totsl r•¢•lpts 39.172 18.969 PAYMENT5 Carellnk Clerk General Empenses Ground Maintenance Insurance Repalrs & Maintenance Refurbishments 861 1.723 2,814 791 2,197 561 6.199 797 4,846 810 6,702 46,831 Totsl vyments 60,781 15,391 Net ot re¢elpts and payments (21.6091 3.578 CASH FUNDS AT LASTYEAR ENO 183.748 166,549 Hlstorlc dlfference In cash balance 13.621 CASH FUNOS ATTHIS YEAR END 162.139 183.748 RENHOLD CHARITY COTTAGES YEAR ENDED 31 MARCH 2025 STATEMENT OF ASSEIS AND UABIUTIE5 AS AT 31 MARCH 2025 2025 2024 ASSErs Cash funds Deposit Accounts Permanent Endowment Cash at 8ank Debtors 117,364 24,121 20.654 136,711 36,121 10,916 Totsl ush funds 162,139 183,748 Cxedttors Amounts falllng due wlthln one year Houslng properties at cost 234,871 234,871 TOTALASSErs 397.010 418,619 UABILITIES EX(ESS OF ASSE15 OVER UABiunES 397010 418,619