ST BERNARD'S CHARITY
Trustees Report and Financial Statements
For the Year ending 31 December 2024
Independently Examined
CHARITY NO: 207727

TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees have pleasure in presenting their report for the year ended 31 December 2024
OBJECTS AND ADMINISTRATION OF THE CHARITY
The objects of the Charity are set out in clause 4 of the Charity Commission Scheme sealed on 15 December
1967 as amended on 16 September 2013 by the Charity Commission underthe powergiven in the Charities
Act 2011 and now reads as follows:_
The object of the charityshall be to relieve women who are in need of financial assistance through sickness,
convalescence or old age of themsolves. their spouses or dependents. The trustees, With the agreement of the Charity
Comrnission, interpret sickness in its widest context to include both physical and mental health in all tts forms.
The Chair, in consultation with the other trustees by email in respect of grant applications, carries out the day-
to-day administration of the Trust. All bank transfers are authorised by two trustees. All aspects of the Trust
are discussed at the three formal meetings of the Trustees held each year when management accounts and
expenditure schedules are presented.
New Trustees are identified and appointed by the existing Trustees. The Chair of Trustees is responsible for
the induction of any new Trustees, which involves awareness of a Trustee's responsibilities, the governing
document. administrative procedures and the history and objects of the Charity. A new Trustee receives
copy of the previous yearfs annual report and accounts and a copy of the Charity Commission leaflet Yhe
Essential Trustee- What you need to knoW.
TRUSTEES
Mrs E Martyr
Mrs H V Hiscox (Secretary)
Mrj E Puttock (Chair)
Mr N Sarjudeen
REGISTERED ADDRESS
Ground Floor Flat, 69 New Church Road, Hove, BN3 4BA
FINANCIAL REVIEW
Rents received for the year ended 31 December 2024 amounted to £36,820 (2023 £37,930). Current assets
including properties total £1,177,996. Of this amount £11,565 is held at the Charitvs banks and £10,432 is in a
high interest 95-day account. The balance is the current value of the Trust's property.
47 grants12023 881 were made during 2024 amounting to £17,633 (2023 £32,617). The lower level of grants
during the year enabled the trustees to undertake significant maintenance and improvements to its
properties. The cost of this over the year amounted to £25,727. Overall expenditure over the year exceeded
income by £6,75412023 £5,924} This was financed from reserves.
The Trustees consider sufficient funds are being carried forward to cover emergencies and to undertake any
maintenance and repairs to the Trusys three properties as and when required as well as being able to
positively respond to grant applications.
SERIOUS INCIDENT
On 7 March 2024 the charity was subject to a fraudulent attack on its funds by telephone which could have
resulted in the loss of charitable funds. The incident was reported to the Charity Commission (Ref 692848),
Action Fraud and Natwest Bank. All funds were recovered and there wa5 no loss of charitable funds.

PUBUC BENEFIT
The Trustees have complied with the duty in section 4 of the Charities Art 2011 to have due regard to the
public benefit guidance published by the Charity Commission when reviewing the aims and objecttves and in
considering grant applications. The Trustees consider that our artivities Teflect our aims and objectives, and
that they are designed to provide ac￿ssible ￿rViceS and activities that benefit the public in accordance with
our charitable objectives.
PROFESSIONAL ADVISORS
Bankers:
Natwest
Town Hall Branch
103 Church Road
Hove
Charities Aid Foundation Bank
25 Kings Hill Avenue
West Malling
Kent
Redwood Bank
The Nexus Building
Broadway
Letchworth Garden City
SG6 3TA
BN3 2BS
Solicitors:
Mayo Wynne Baxter
3 Bell Lane
Lewes
East Sussex
BN7 IJU
Independent Examiner:
Mrj R Young
7 The Crescent
Southwick
West Sussex
BN42 4LB
ME19 4TA
Griffith Smith Farrington Webb
47 Old Steine
Brighton
BNI INW
POLICY ON RESERVES AND INVESTMENT POLICY
It is the general policy of the Trustees to distribute the Trust's income on a regular basis in ￿SpOnSe to
applications for funding in accordance with the Trust's objects and retain a balance to meet unexpected
expenditure on the maintenance of the 3 properties owned by the Tnjst, or any emergency requests for
financial help. As part of this policy the Trustees continue to invest £10,432 in a 95-day account with Redwood
Bank. The charity seeks to maintain a minimum balance of £10,000 in this account.
Apart from the 3 properties owned by the Trust and the cash reserves there are no other capital assets.
RISK MANAGEMENT
The Trustees have considered the risks to which the Trust might be exposed. All 3 properties are fvlly Insured
and all the tenants are expected to remain the same in 2025. Income from the properties is expected to
slightly increase in 2025 and regular maintenance will continue to tske place. The trust has no other
contractual commitments beyond the tenancy agreements.
PLANS FOR THE FUTURE
The Trustees plan to continue to make grants of financial support where appropriate in accordance with the
Trusys objects.
The report was approved by the Tru
son..
Signed on behalf of the Trustees by.................................-...............................John Puttock- Tnjstee and Chair

ST BERNARD'S CHARITY
Recei
tsandPa
ments Accourts for the Year Ended 31 December 2024
Charity Number 207727
2024
Total
Funds
Incoming Resources
Unrestricted Restricted
Funds
Funds
Last Year
2023
Rents
Interest
Donations
Legacy
36,820
626
600
36,820
626
600
37,930
341
Total Incoming resources
38,046
38,046
38,271
Resources expended
Property Maintenance
Property Insurance
Sundry Expenditure
Bank Charges
Donations and Grants
25,727
1,380
25.727
1,380
10,237
1,281
60
17,633
60
17,633
32,617
Total resources expended
44,800
44,800
44,195
Net incoming resources before
other recognised gains or losses
-6,754
-6,754
-5,924
GainslLosseson Revaluation of
Fixed assests - see note 1
83,000
83.000
Net movement in funds
76,246
76,246
-5,924
, Total Funds brought forward
Total funds th5s year end
1,695,750
1,771,996
1,695,750
1,771,996
1,701,674
1,695,750

Balance Sheet and Statement of assets and liabilities at the end of the period
Ended 31st December 2024
Unrestricted Restricted
Funds
Funds
Total
Funds
Last Year
2023
Flxed Assets
7 Nevill Avenue, Hove
17 Fallowfield Crescent, Hove
145 Montgomery Street, Hove
Current Assets
Cash at Banks
Investments
Less Creditors
Amount falling due in l year
698,000
542,000
510,IM]
698,000
542,000
510,1)00
669,000
516,000
482,000
11,565
10,432
11,565
10.432
18,750
10,000
Net Assets less current liabilities
1,771,997
1,771,997
1,695,750
Represented by
General Fund
Revaluation of propety
Net incoming reSOu￿s110SseS
Total Funds
1,695,750
83,000
-6,754
1,771,996
1,695,750
83,000
-6,754
1,771,996
1,701,674
-5,924
1,695,750
The fina
cial statements were approved by the Trustees on ...
behalf by:
and signed on its
Trustee
Name
T......P.11 T-i O
Notes to the accounts
Note l Revaluation of Fixed Assets
In accordance with current requirements the trustees have undertaken a revaluation of its
property invetments. Based on the known market trends and information available on
properties in the locality the trustees have undertaken a revaluation this year as below.
Freehold
Property
2024
2023
At January
Disposals
Revaluation
1,667,000
1.667,000
1,667,000
83,000
1,750,000
1,667,000
1,667,000
Freehold property:
17 Fallowfield Crescent
145 Montgomery Street
7 Nevill Avenue
516,000
482,000
669,000
1,667,000
542,000
510,000
698,000
1,750,000
516,000
482,000
669,000
1,667,000

Independent Examinerfs Report to the Membors of St Bemard's Charity
I report on the accounts of the Trust for the year ended 31 D￿rnber 2024 set out on page 3 and 4 of
the Receipts and Payments Accounts.
Respective responsibilities of Trustees and Examtner
The Charity's Trustees are responsible for the preparation of the financial statements. The Charity's
Trustees consider that an audit is not required for this year under section 144 (2) of the Charities Act
2011, ('the 2011 Acr) and that an independent examination is needed.
It is my responsibillty-.
to examine the accounts under section 145 of the 2011 Ac(
to follow the procedures laid down in the General Directions given by the Charity Commissioners
(under section 145{5){b) of the 2011 Act)., and
to state whether particular matters have come to my attention.
My report is made solely to you as Trustees pursuant to the 2011 Act. My examination has been
undertaken so that I might stste to the Trustees those matters l am required to state in this report and
for no other purpo*. To the fullest extent permitted by law, I do not a￿pt or assume responsibilty to
anyone other than the Trustees for my examination, for my report, or for the statement I have made.
Basis of Independent Examinerfs Report
My examination was carried out in accordan￿ with General Directions given 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 prO￿dureS undertaken do not provide all the evidence that would be required in an audit,
and consequently I do not express an audit opinion on the view given by the accounts.
Independent Examine￿5 Ststement
In connection with my examination. no matter has come to my attention:
{1)
(a)
which gives me reasonable cause to believe that, in any material respect, the requirements:
to keep accounting records in accordan￿ with sections 386 of the Companies Act 2006",
and
to prepare accounts which accord with the accounting records and comply with the
accounting requirements of section 396 of the Companies Act 2006 and with the methods
and principles of the Statement of Recommended Practice. Accounting and Reporting by
Charities have not been met" or
(b)
(2)
to which, in my opinion, attents'on should be drawn in order to enable a proper understanding
of the accounts to be reached.
JOHN YOUNG (FCCA)
Chartered Certtfied Accountant
7 The CreS￿nt
Southwick
Sussex
8N42 4LB
Date .