## REVELEY CHARITIES (Incorpora4ng the John Gale and Clarke Smith and Fuller Chari4es Trustees’ Report For the year ended 31[st] December 2022 The Trustees present their report and the financial statements for the year ended 31[st] December 2022. |**Charity number**
|205904| |---|---| |**Correspondence address**|12 Grange Road| ||Bushey| ||Herts WD23 2LE| |**Trustees**|| |Chairman:|Mr Chris Jordan| |Vice Chairman:|Mr Carey Keates| |Hon. Secretary:|Mrs Brenda BaVen| ||Rev. Guy Edwards Resigned 3.2022, new appointee awaited.| ||Mrs. Marian Jordan| ||Mr. Bill Penketh| ||Mrs Katrina Power| ||Dr. Chris4ne Singleton| ||Mr. John Whiteman| |**Independent Examiner**|Jack W Debnam| ||September CoVage| ||Hogpits BoVom| ||Flaunden| ||Herts HP3 OQB| |**Bankers**|NatWest Bank plc| ||9 The Broadway| ||Stanmore| ||Middlesex HA7 4XW| |**Insurers**|Ecclesias4cal Insurance Group| ||Brunswick Road| ||Gloucester GL1 1JZ| REVELEY CHARITIES (Incorpora4ng the John Gale and Clarke Smith and Fuller Chari4es Trustees’ Report For the year ended 31[st] December 2022 ## **Structure, Governance & Management** The full 4tle of the Charity is: “The Reveley Chari4es, incorpora4ng the John Gale and Clarke Smith and Fuller Chari4es”. The working 4tle of the Charity is “The Reveley Chari4es”, more oden referred to as “The Reveley Trust”. ## a) **Commi@ees** The Trust operates with one CommiVee of Trustees which meets approximately quarterly. During the spring mee4ng the Annual General Mee4ng is held. There are no other commiVees at present; other sub-commiVees may be raised as required. ## b) **Trustees selecBon, appointment and competence** - Under the terms of the Trust Deed (see below) the Trustees should consist of the Rector of the Parish of Bushey, and up to twelve other “non-official Trustees, who shall be competent persons, resident in the County of Herts or within ten miles of Bushey”. New Trustees are appointed by the exis4ng Trustees. - c) **Trust Deed** The governing document of the Trust is the “Scheme for the Regula4on and Management of the Chari4es of George Johnson Reveley” as approved on the 4[th] July 1881. ## **ObjecBves & AcBviBes** The Charity’s sole purpose is the management of ten almshouses situated in Bushey, near Walord, which belong to the Charity, and are maintained to provide shelter for nine elderly residents, one dwelling being reserved for an employed Warden. Under the terms of the Scheme document there are no restric4ons on the Trustees with regard to the investment of capital, or the raising of loans. The trustees confirm that they have referred to the guidance contained in the Charity Commission general guidance on public benefit when reviewing the charity’s aims and objec4ves and in planning future ac4vi4es. ## **Commi@ee** The CommiVee met on four occasions in the year, one mee4ng including the AGM. All mee4ngs held were in accordance with Government Coronavirus guidelines. All further business has been conducted remotely electronically. Trustees who acted during the year appear on page 1 above. ## **Independent Examiner** Mr Jack Debnam con4nues as Independent Examiner. ## **AcBviBes and Results** ## _Rents_ All coVages are occupied with one change of tenancy in the past year. Following a review of rent charges to ensure genera4on of income reserves and to keep the premises in good repair, there was an increase in charges in 2022. ## REVELEY CHARITIES (Incorpora4ng the John Gale and Clarke Smith and Fuller Chari4es Trustees’ Report For the year ended 31[st] December 2022 ## _**Maintenance**_ Catch-up on general maintenance following Covid has been conducted during the year with all planned work completed. Replacement of more thermally efficient and secure rear doors to all ten coVages is programmed for early 2023, this to be funded from our cash reserves. ## _Welfare of Residents_ Warden Marian Doyle con4nues to give aVen4ve care to our residents, as did our Secretary Brenda BaVen to the daily affairs of the Trust. The charity is funded by the maintenance contribu4on from residents and investments. The former has been reviewed and in the light of our reserves and forecasted expenditure an increase as noted above has been made this year. Our investments have been kept under review. Total incoming resources were £49,757, direct charitable expenditure £37, 426. There was no surplus to reinvest this year. The charity is in a good financial state. No value is ascribed to the proper4es. The accounts are presented on a Receipts and Payments basis this year. ## _**Reserves Policy.**_ The charity has cash reserves of £47,116 and investments of £341,763 represen4ng 10 to 15 years direct charitable expenditure. This is considered adequate and appropriate in the light of the age of the buildings to be maintained. The adequacy of the reserves policy is reviewed annually. This report was approved by the Trustees on the 22[nd] February 2023 Signed on behalf of the Trustees C. Jordan ## **Christopher Jordan** ## **Chairman** Charity 205904 ## **Reveley Charities** ## Incorporating the John Gale, Clarke Smith and Fuller Charities **Receipts & Payments Account Year ended 31 December 2022** |**Receipts**
Maintenance contributions
Investment income
Legacy
Sub total
Asset and Investment Sales
Total Receipts
**Payments**
Repairs and Maintenance
Water Rates
Insurance
Light and Heat
Staff
Communications
Sundries
Sub total
Asset and Investment purchases
Total Payments
**Net Surplus (Deficit)**
Cash funds last year end
**Cash funds this year end (below)**
**Statement of Assets and Liabilities at end of period**
**Cash Funds**
Natwest Current Account
Unity Trust Bank
Natwest Business Reserve
COIF Endowment Fund
COIF Charities Deposit Fund
**Investments current value**
**Housing Properties at cost net of grants**|**2022**
**£**
37,130
12,627
0
49,757
0
49,757
17,053
1,134
2,755
1,277
840
345
779
24,183
13,243
37,426
12,331
34,785
47,116
46,616
500
0
0
0
47,116
341,763
25,698|**2021**
**£**
37,128
9,910
0| |---|---|---| |||47,038
0| |||47,038| |||4,360
1,015
2,673
1,096
780
644
413| |||10,981
10,548| |||21,529| |||25,509
9,276| |||34,785| |||34,785
0
0
0
0| |||34,785| |||| |||338,485| |||25,698| **Independent examiner's report on the accounts** ## **Section A Independent Examiner’s Report** **Report to the trustees/** Reveley Charities **members of** (Incorporating the John Gale, Clarke Smith and Fuller Charities) **On accounts for the year** 31 December 2022 **Charity no** 205904 **ended (if any) Set out on pages** 1-4 (remember to include the page numbers of additional sheets) **Respective** The charity's trustees are responsible for the preparation of the accounts. **responsibilities of** The charity’s trustees consider that an audit is not required for this year **trustees and examiner** under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the Charities Act, - to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and - to state whether particular matters have come to my attention. - **Basis of independent** My examination was carried out in accordance with general Directions given **examiner’s statement** by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. **Independent** In connection with my examination, no matter has come to my attention **examiner's statement** ( ~~other than that disclosed below *)~~ 1. which gives me reasonable cause to believe that in, any material respect, the requirements: - to keep accounting records in accordance with section 130 of the Charities Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act - have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. * _Please delete the words in the brackets if they do not apply._ **Signed:** **Date:** 22 January 2022 **Name:** Jack W Debnam **Relevant professional** FCA Retired 1 **IER** **March 2012** **qualification(s) or body (if any):** **Address:** September Cottage Hogpits Bottom, Flaunden Hemel Hempstead HP3 0QB **Section B Disclosure** Only complete if the examiner needs to highlight material problems. 2 **IER** **March 2012**