FREDERICK RAYTRUST
FINANCIAL STATEMENTS
YEAR ENDED 5 APRIL 2024

Charlty RoO•t•r•d Numb•r
200204
TiuJto•s
Mr Christophgr Ray (Date of Appointment: 23103119821
Mrs Rowena Ray (Date ofAppolntm8nt: 0110411998)
Miss Phoebe Ray (Date ol Appointment: 15106120181
Mr Mich881 Hurford108te of &)pointment: 11112120181
Mr Nl¢hol8s Redmayne (Date ofAppolntment'. 0810312021)
NrJonath8n Maddox IDato of Appointment.. 27106120231
MrGorald Mccarthy ID8te ofAppolntment: 2710612023)
Conts
Mrsknianda No￿on (Clerk to the Trustees)
42 Gainsborough Ri88
Bedford
MK417PR
(￿)Polnted 15June 2018)
Bank•r•
HSBC
12 AUh8llowy, Bodford. MK40 1 U.
Ind•p•nd•nl Ex•mln•r•
Loui$¢ Tunley FCA CTA DChA
19 Goldington Road. Bedlord. MK40 3JY
Inv••tm•nt Ad￿101*
R•thbon6$ Investmem M8n8goment
8 Flnsbury Circus. London. EC2M 7AZ

THE FREDERICK RAYTRUST
Tru•t•o1 Raport For The Yaar Endod S W12024
The Trustees present their Annual Report together Mryth the irNl8pendendy 8xamined accounts for the
y98rended 5 April 2024.
A¢¢ountlng Poucy
The Charity's accounts are prepared on a Recoipts and Payments basis.
¢JtMrning Doeum•nt
Tha Gh8rlty is run in ac¢ord8n¢e with its 81)veming ingtrument. a Scheme dated 19 December 1955.
with amendments to the Scheme dated 20 Novombw 1956. 21 Soptomber 1967. 16 February2016 and
26 February2018.
ObJ•ets
Und8r th8 t8rm8 of the Charlty. the Tru8tO88 were 8mpowered to puich080 lano in or near Kempston,
Bedford loi tho 6rectlon of cortag68 to house aged. poor or Inllrm persons, Ilvlng In rural Kempston.
Stagsden or B8dford. Following the cr88tion of the Charity. a suitable site was 8cquired in the south of
Bedford off the Cardlngton Road. Th8 Is now namod Ra￿3 Clos8 and 18 bungalow8 have been
rected to date. With th8 exception of periods of refurbishment the Trust'8 propertie¥ are 100%
o¢cupled.
Upon recel¥ln8 Confimatlon from tho Ch8rrty Comrnis8ion that further 8chemo 8m8ndm8ntg were
unnece888ry. the tru8tee8 8greed to include torn6r membern of the Royal Angii8n ReOm8nt 88
potentlol beneflclarles. 88 long as they mgt all other exi81ing 8election crliorl8.
tmtl
Durlng the yearthe Trustee¥ havè eontlnued a pro8r8mme of planned m8lntenance and rapairs to
keep the 81te and propertles well rnalntained and in good condrtion for the well-being of resld6nr8.
Resld8nt8 8re kapt Informed ol works 8nd relevant new8 by way of a regular n6w81ettertrom th8 clerk.
The Trust888 h8ve a 8chedul8 of work8 over next few 5fj8r8 to upgr8de all r8m8lning bathroomB in th8
bungalows by converting them to room$. One bathroom converted to a wgtr(K¥m in M8y 2023.
One bungalow became vacant In October, the bungalow w88 refurblshed and a new benellclary
appointed.
The door canopi88 of some of the bungalow8 were repia¢ed In Aprll 2023.
Flnanclal R•vl•w
Th8 ro¢elpt8 8nd payments account for the year Sho￿d o $urplu$ of É12.586 Idefbclt of É190,3111 in
20231. Tot81 net as8gt¥ excluding thevalue of the properti88 amounted to £623.7141£581.594 in 20231.
The propenles were revalued inApri12017 at£2,710.000. TheTrustse8 decidedto reinvest income from
the invg¥tmgrrt¥ rath8rthan taking dMd8nd8.
A•g•r¥••
The Tru8te88 con¥ider that tho lovel of reseNes Is appropriate hoving ￿88rd to future refurbishment
Costs.
Developm•nt Fund
The trustees are consclous of the large and growing capr(al c89h reserve at their dispo981. beyond and
above what18 requlred for mBinten8nce and repair. Theyhave plans in placeto acquire otherpropertles
on the same 91te which become avaiLabie with v8cant POS8ession. Although the timing and mutual

benefit of the88 proposed tr8nsaction8 18 unpredict8b18. the trustees consider it prudent to keep cash
readily available for a potential property purchase. and for such ca8h to be kept out of investment
markets. This plan follows our failed application In 2014 and falled appeal In 2015 to build three more
properties on our ￿¥ting site. The Trustees met ￿th a local land agent to rewsit building more
properti88 on tha 8lte. The Ioc81 p18nning policles have not ¢h8nged but the Trustees felt it W88 Worth
trying agBin. This process is ongoing.
Gov•rnanc•
The Trustees underto0kathor0u￿ reviewof all policy and procedufe documents in 2019. %￿lISt many
document8 have been created and other8 updated. the proce88 18 ongoing.
PubU¢ 8•n•fft
The Trustees are 8W8re of the Charfty Comml885on8 guldan¢e on pul)Uc baneflt and conslder that the
charlt8ble oblects fau weliwlihln the publlc benofit guldollnes. The truste0$ 8180 regularly monltor the
8ki118 available to them 88 a trustee body.
Signed on bohalf of tho TNsteo8
MrChri8topherRay, Chaimian
D8t8

THE FREDERICK RAYTRUST
Independont Examln•r'• A•port to th•Tru•tau ofTh• Froderlek RayTrugt
I report to the charity trustee8 on my examination of the accounts of the charity for th8 year ended 5
Apri12Q24 whi¢h are set on pogos 6 to 7.
Re8pon¥lbllttl•¥ and ba¥1¥ of r•port
As the chorlty's trustees you are ieBponsible forthe preparation olihe accounts in a¢¢ordan¢8 wlth the
requirements of the Chafilies Act 2011 Ilhe Aa").
I report In respect of myex8mln8tlon of the ¢h8rty'y aCCOLtnts carrl¢d out under geetlon 145 01 the Act
and in carrying out my ex8mination I h8ve lollowed 811 the applicable Direction5 given by th8 Charity
Commls8lon under $¢ctlon 145151{bl 01tho Act.
Ind•p•nd•nt •xamln•e# *tatwn•nt
I hav8 completed my ex8min8tion. I confimi that no material matter8 have come Io rny 8ttentlon In
connection with the oxaminats.on gjving mo ¢8U$6 to betsev6 th8t in any material ffe$pect:
accouniin8 records were kept In respect oTth8 charty a8 r8qulr8d by8ection 130 of the Act;
or
2. the accounts do not comply￿ryth the appilc8bio requlrements concemlngthe form and content
ofthe 8ccount8 8et oul In the Ch8rhle8 (Accounts and Roport8) Regulation¥ 2008 otherthan any
requlrement Ihat the a¢¢ounts giv8 a 'tru8 and falr vl8v/ which 18 not A matter conJid8rad afj
part of an independent ex8mSn8tlon.
I h8ve no concerns 8nd h8ve comeacross no othor m8tter¥ in connoction v•ith th8 examin8tionto ￿1c￿
attention Should be drawn in this report in order to 8ngbLe a proper under8tandingof the accounts to be
reached.
LoulseTunley FCACTA DChA
Chanered A¢count8nt
19 Goldlngton Road
Bedford
MK40 3JY
Date:
31712La(4

ThE FREDERICK RAYTRUST
YEAR ENDED SAPRIL2024
AECEivfs AND PAYMENTSACCOUNT
Uiir••irl¢i•d
RECEIPTS
Weekly Malntenance Ch8rg
InvB$tm•nt Incom
Bank Interost
othor Incom•
93,139
806
Tot•1 R•c•lpts
104M17
1111
PAYMEP4TS
AlmshouieA8soeb#t
BankChory•
C•rtrllnk
Flat08
Cl•rk
Elgctdc
Q•n•r•l Exp•n•o1
chrI￿rnam0T8tU1tt0B
Grounds M•lnien•n¢•
Injur8￿9
L8VI &ProlessloMIt•
Inlin& 8t4ilonery. po•tap.tal•phts
R•furblBlwnents
R•palr8 &m•lnt4n•ncg
Wot•r
23a
61
6.905
756
12.750
431
753
1.050
18,180
1.875
615
100
13.762
75
1.124
16.246
129
.133
Tot•1 P•ym•nt•
N•1 Of r•o•Ipl••ndp•￿n•rrt
90.311
CASH FUNDSATL4sfvEAReND
352.410
TrANSFEK8TO INVEsfMETrKACCOUNT
CASH FUMDS ATTHIS YEAB ENO
27￿￿

THE FREDERICKAAYTRusr
YEAR ENDEDSAPRIL2024
8TATEMENTOFASSÈTSAND LI￿lLmE5A5AT5APH•L1fj24
ASSETS
¢••h ￿n￿•
Current
MoneyMan4pi
MonoyMar*8ts
673
1rJJ,012
150.1XMI
31.079
81,020
150.000
T•t•l lund¥
In¥••lm•rt•M•t• (M•rk•tV•lu•)
Extr8ordlnory Repalr Fund
G•rt•mllnvMtm¢ntA¢¢ount
151,812
140.390
430,204
Tot•1 IrbV••tm•ntuMt•
612,714
570,594
N#t1onol￿nl8 8￿dI
11,(KKI
11,000
824714
$01,
Inve8tm•ntPrDp•ftyiMIrt¢lV•lu•l
2.710.IX¥)
2,710.IXIO
TOTALAIIETS
3.853.
LIABILITIES
ExeE88 OFA88Ef6 OVERUABILMU
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