THE REDBOURN CHARMES
ChaTityNo 217154
Clerk to the Trustees:
Mrs Valerle Churchhouse, 12 Woollams, Vaughan Mead, Redbourn AL3 7DG
ANNUAL REPORT FOR THE YEAR ENDING 30THJUNE 2025
A description of the Charlties, Trusts is set out in the document governing The Redboum Charitie5
I'the Charity") which is the Charity Commissioners Scheme dated 7 August 1964 as amended by
orders dated 30 July 1965. 17 January 1979, and 14 February 21K)2.
The prlnclpal objects of the Scheme can be summarised In general terms as follow5:
The Charlty shall use their almshouses for the residence of almspeople appolnted In
accordan with the Scheme.
The Charlty shall let or otherwlse manage Fts other property and Investments.
The Charty shall use the resulting income for the purpose5, and in the order of priority, as
follows:
For the benefit of any or all the almspeople
For either the benefit of poor persons resident in the (ancient) Parish of Redbourn or
for the poor of that area generalty in accordance wlth the 5theme and as the Trustees
may thinkfit
For charitable purpose5 for the benelit of inhabitsnts of the alx)ve area a5 the Trustees
and the Charity Commissioner5 rnay think fiL
b)
The Trustees of the Charlty during the year were: Mr D Swtft Ichaimian). The Revd Rachel Wakefiekl,
Mrs R Hughes. Mrs P Ridgwell, air T Finnigan, Mrs A Towler and Mr C Trlm. Four meetin8s of the
Trustees were hekl in the twelve-month period under review.
The Chairman, David Swift. has decided to step down in February 2026 as Chairman but wlll remain
as a Trustee. Detslls of the Vacan will be circulated in the village.
The Clerk has been worktng part time for the Charity for 3 ars, durtng which time she has been
involved in developing new ways of working as part of improvements to business systems and Is
responsible for managing flnancial transartions. She Ilaise5 With the Chalrman. Trustees and Warden
and factlitates efficient management of the almshouses.
It is the practice of the Trustees to meet wlth resldents during the year to provlde an update and
discuss matters of concern. There was a successful gatherin8 held at The Holly Bush pub in Redboum
in December 2024 whkh Twstees and Sidents attended. Another satheringis planned for December
2025.
The Warden, who is contracted to work part tlme. has been in post for sixteen years. Since her
appointment she has continued to make a remarkable difference to the community Ilving at
Woollams. both in prartlcal terms and 88rdIng the residents, well-being. She live5 on site. and her
enthusiasm, energy, reliability. and dedication to her role is commendable. She demonstrates dally
that nothing is too much effort or trouble. and deals promptly with problems that arise, making
Woollams a truly supportive place to live.
Regular events hwe been held tn the summer house throttghout the year. includin8 a monthly
communion service. The residents held a coffee morning in aid of Macmillan Cancer Support in
Ortober 2024, and again In Ortober 2025.
The gardens and grotsnds of the almshouses are malntsined to a hlgh stsndard by the Warden and
the Groundsman who attends regularly. Tree works are carried out as necessary. ReSents tske
pride in thelr own small gardens.
The Trustees agreed to a necessary increase to the weekly maintenance charge and the heatinB
charge from Ortober 2024 to meet increasing costs. Followin8 8 review by the Fair Rents Officer in
2018 and consiijeration of market rents, the Trustees are satisfied that the weekly maintenance
contribution charge is below that charged for rentsl property of the same slze in the locality. The
almshouses are classified as Exempt AccommodatS0n.
During the period covered by this report all the almshouse5 have been fully occupied.
The Trustees are conslderlng potenttally bullding between 10 and 12 almshouses on land that Is
owned by the Chartty situated on the edge of the village with the intenlion of helptng young people
and famllies in Redboum.
As well as supporting almspeople and the almshouses pursuant to object Ic)li) above, a proportlon
of the Charity's income was used to purchase Christmas gifts for needy or recently bereaved
residents of the Parish. Palditionally. annual donations are given tothe Redbourn Community Group
and St Marfs Churth. Redbourn.
In response to the challenges being experienced due to theeconomic dimate, the Charity expanded
Its activitses a number of year5 a80 to indude the following.-
The Redbourn Cornmun Food aub whith supports residents In Redboum. It operates on
membership basis and provtdes on80in8 SUPPOrt throu8h the provision of food and other
essentFals on a weekly basis.
The Redbourn Hamper kheme which dlstrlbutes hampers to peoplelfamllies in need In the
village at Christmas time.
The charity is expanding the help given to individuals or families in Redbourn that need support.
We are workn'ng with the Qtlzens Advice Bureau and have been able to help a number of Indlvlduals
and familie5 within the yillage with household good5. clothin& food and other items.
In September 2025. the Charity made a donation to the East of England Ambulance Service to
enable them to purchase the requlred klt for a First Responder in Redbourn.
The Redbourn Charities. website is updated regularly with news arKI detsils of events tsking place.
Iwww.theredboumcharities.or%l.
The annual report was duly approved by the Trustees and authorised for submission to the Charities
Commission on S November 2025.
David Swift
Chalrman of the Trustees
The Redbourn Charities
Charity Registration No. 217154
## The Redbourn Charities
Annual Report and Financial Statements including Independent Examiner's Report For the year ended 30 June 2025
The Redbourn Charities
## Gilbe r t s
## Contents
**----- Start of picture text -----**
Page
Legal and administrative information 1
Trustees' report 2 - 3
Independent examiner's report
Statement of financial activities 5
Ba la nce sheet 6
Notes to the financial statements 7 - 13
**----- End of picture text -----**
The Redbourn Charities
## Legal and Administrative Information
|Trustees|Mr David Swift - Chairman|
|---|---|
|Mrs Pauline Ridgwell||
|Mrs Angela TowEer||
|Mrs Ruth Hughes||
|Miss Teresa Finnigan||
|Mr Christopher Trim||
|The Reverend Rachel Wakefield||
|Secretary|Mrs Valerie Churchhouse|
|Charity number|217154|
|Official office|12 Woollams|
|Vaughan Mead||
|Redbourn||
|Hertfordshire||
|AB 7DG||
|Independent examiner|Gilberts Chartered Accountants|
|Pendragon House||
|65 London Road||
|St Albans||
|Hertfordshire||
||ALI IU|
The Redbourn Charities
```
I L
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## Trustees' Report
## For the year ended 30 June 2025
The Trustees present their report and financial statements for the year ended 30 June 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effective 1 January 2019)".
## Objectives and activities
The Redbourn Charities is an unincorporated association registered with the Charities Commission, number 217154.
The main objective of the charity is to provide affordable housing for individuals through the use of Almshouses owned by the charity.
In response to the challenges being experienced due to the economic climate, the Charity expanded its activities a number of years ago to include the following:
- The Redbourn Community Food Club which supports residents in Redbourn. It operates on a membership basis and provides ongoing support through the provision of food and other essentials on a weekly basis.
- The Redbourn Hamper Scheme which distributes hampers to people/families in need in the village at Christmas time.
The charity is expanding the help given to individuals or families in Redbourn that need support. We are working with the Citizens Advice Bureau and have been able to help a number of individuals and families within the village with household goods, clothing, food and other items.
The charity also distributes gifts at Christmas to needy or recently bereaved people in Redbourn.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## Achievements and performance
During the year the charity generated income of E 112,388 (2024 • ElOS,581) from almshouse maintenance and expenses charges and investment income and €34,371 (2024 - €41,372) for the Food Club and Hamper Scheme. Expenditure on related costs amounted to E 105,229 (2024 - f107,082) and donations made were €2,097 (2024 - €978). In addition an internal donation of El,500 (2024 • €1,000) was made from the general fund to the Hamper Scheme. This resulted in a surplus for the year before revaluation of E39,433 (2024- E38,893).
## Financial review
The charity's financial assets are held in a mix of investments through COIF and cash deposits and are reviewed on a regular basis by the Trustees. The charity also owns land and buildings which generate maintenance and expenses income.
Unrestricted funds comprise those funds which the Trustees are free to use in accordance with the charitable objectives with the exception of the revaluation reserves which cannot be distributed until realised.
Unrestricted funds tota' (2024 €4,275,397) of which €3,839,832 {2024 - E3,873,S27 ) are revaluation reserves. The total funds of the charity are €4,323,260 {2024 f4,317,522 ).
## Structure, governance and management
The Trustees who served during the year and up to the date of signature of the financial statements are listed on page 1.
## The Redbourn Charities
New Trustees are appointed by exsting Trustees 'n accordance with the trust deed. The charity ensures that all new trustees are given sufficient training upon appointment by attending meetings and reading relevant literature. The Trustees meet on a regular basis to discuss matters related to the running of the Aimshouses and other activities and to review the financial position of the charity.
## Trustees' Report (Continued)
## For the year ended 30 June 2025
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems are in place to mitigate the charity's exposure to major risks.
## Statement of Trustees' responsibilities
The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.
In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## The Trustees t Report
**----- Start of picture text -----**
ard of Trustees.
**----- End of picture text -----**
Mr David Swift • Chairman
Trustee Dated: 5 November 2025
The Redbourn Charities
## - 3 -
## Independent Examiner's Report
## To the Trustees of The Redbourn Charities
We report to the Trustees on our examination of the financial statements of The Redbourn Charities (the charity) for the year ended 30 June 2025.
## Responsibilities and basis of report
As the Trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
We report in respect of our examination of the charity's financial statements carried out under section 145 of the 2011 Act. In carrying out our examination we have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## Independent examiner's statement
We have completed our examination. We confirm that no matters have come to our attention in connection with the examination giving us cause to believe that in any material respect: 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or 2 the financial statements do not accord with those records; or
3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Gilberts Chartered Accountants
Pendragon House 65 London Road St Albans Hertfordshire
## ALI IU
Dated: 5 November 2025
The Redbourn Charities
## The Redbourn Charities
## Financial
## Statement of Activities
## Including Income and Expenditure Account
## For the year ended 30 June 2025
|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||funds|funds||funds|funds||
|||2025|2025|2025|2024|2024|2024|
||Notes|||||||
|Income from:||||||||
|Charitable activities|2|84,387|34,371|118,758|80,228|41,372|121,600|
|Investments|3|28,001||28,001|25,353||25,353|
|Total income||112,388|-34,371|146,759|105,581|41372|146,953|
|Expenditure on:||||||||
|Charitable activities||||||||
|Almshouse and Lybury||||||||
|Field costs|4|56,206||56,206|63,596||63,596|
|Community Food Club|5||27,122|27,122||26,802|26,802|
|Hamper Scheme|6||10,269|10,269||7,683|7,683|
|Administation expenses|7|11,632||11,632|9,001||9,001|
|Donations and gifts|8|2,097||2,097|978||978|
|Total expenditure||69,935|37,391|107,326|73,575|34,485|108,060|
|Net income/(expenditure)||42,453|(3,020)|39,433|32,006|6,887|38,893|
|Internal donation||||||||
|between funds||(1,500)|1±00||(2,118)|2.118||
|Other recognised gains||||||||
|and losses:||||||||
|Revaluation of||||||||
|investments||(33,695)||(33,695)|99,908||99,908|
|Net movement in funds||7,258|11,520)|5,738|129,796|9.005|138,801|
|Reconciliation of funds:||||||||
|Fund balances at 1 July 2024||4,275,397|42,125|4,317,522|4, 145,601|33,120||
## The Redbourn Charities
## Notes to the Financial Statements
For the year ended 30 June 2025 Fund balances at 30 June 2025 40,605 4,323,260 42,125
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
Balance Sheet
For the year
|||2025||2024||
|---|---|---|---|---|---|
||Notes|E||E|E|
|Fixed assets||||||
|Tangible assets 11 3,063,670 3,070,633 I nvestments 12 1,138,249 1, 168, 151||||||
||||4,201,919||4,238,|
|Current assets|||||784|
|Debtors|13|4,917||2,466||
|Cash at bank and in hand||123,877||89,795||
|Creditors: amounts falling due within one||128,794||92,261||
|year||||||
|Other creditors|14|7,453||13,523||
|Net current assets|||121,341||78,738|
|Total assets less current liabilities|||4,323,260|||
|The funds of the charity||||||
|Restricted funds|15||40,605||42,125|
|U nrestricted funds|16||4,282,655|||
||||4,323,260||4,317,522|
## The financial
by the Trustees on 5 November
2025
## The Redbourn Charities
## ended 30 June 2025
**----- Start of picture text -----**
Mr David Swift • Chairman Hughe
Trustee Trustee
s
**----- End of picture text -----**
## 1 Accounting policies
## Charity information
The Redbourn Charities is a charity reg;stered in England. The address of the registered office is 12 Woollams, Vaughan Mead, Redbourn, Hertfordshire, AL3 7DG.
## 1.1 Accounting convention
The financial statements have been prepared in accordance with the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102,
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin I not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest E.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
## 1.2 Going concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## 1.3 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
## 1.4 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings Not depreciated Plant and equipment 10% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## The Redbourn Charities
## Notes to the Financial Statements
For the year ended 30 June 2025
- 1.5 Fixed asset investments
The 'Charities Official Investment Fund' accumulation shares, income shares and property shares are shown at market value and the surplus/(deficit) on revaluation is credited/(debited) to the general reserve.
## The Redbourn Charities
## Notes to the Financial Statements (Continued)
## For the year ended 30 June 2025
## 1 Accounting policies (Continued)
## 1.6 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any),
## Financial instruments
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets, which include debtors and bank balances, and financial liabilities, which include creditors, are measured at transaction price.
## 2 Income from charitable activities
||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|
||funds|funds||funds|funds||
||2025|2025|2025|2024|2024|2024|
|Almshouses rental income|72,715||72,715|67,866||67,866|
|Lybury Field income|1,150||1,150|1,150||1,150|
|Donations|10,522||10,522|11,212||11,212|
|Food club grants and|||||||
|donations||15,015|15,015||24,358|24,358|
|Food club membership fees||10,338|10,338||10,945|10,94S|
|Hamper scheme grants and|||||||
|donations||9,018|9,018||6,069|6,069|
||84,387|34,371|118,758|80,228|41,372|121,600|
|Dividends and interest|||||||
||||||2025|2024|
|COIF|||||24,891|24,395|
|Interest receivable|||||3,110|958|
3 Dividends and interest
## The Redbourn Charities
## Notes to the Financial Statements (Continued)
For the year ended 30 June 2025
|||28,001|25,353|
|---|---|---|---|
|4|Almshouse and Lybury Field costs|||
|||2025|2024|
||||E|
||Repairs and maintenance|15,616|25,130|
||Depreciation and impairment|6,963|7,062|
||Upkeep of garden and grounds|5,244|5,374|
||Light, heat and water|14,927|12,479|
||Insurance and monitoring charges|2,757|3,163|
||Salaries and other expenses|10,699|10,388|
|||56,206|63,596|
|s|Community Food Club costs|||
|||2025|2024|
||Set-up and running costs|285|2,163|
||Food|25,857|23,776|
||Other expenses|980|863|
|||27,122|26,802|
||Hamper Scheme costs|||
|||2025|2024|
||Food supplies|10,044|7,585|
||Other expenses|225|98|
|||10,269|7,683|
Administration expenses
## The Redbourn Charities
## Notes to the Financial Statements (Continued)
For the year ended 30 June 2025
|||||||||2025|2024|
|---|---|---|---|---|---|---|---|---|---|
||Salaries and general|expenses9,901||7,330 Trustee indemnity|insurance|291|291 Accountancy||1,440|
||1,380|||||||||
||||||||11,632||9,001|
|||||9 .||||||
|8|Donations and gifts|||||||||
|||||||||2025|2024|
||Redbourn Care Group||150|150 St Mary's PCC|7|7 Sundry gifts||1,374|450|
||Christmas gifts|566|371|||||||
||||||||2,097||978|
9 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
## 10 Employees
The average monthly number of employees during the year was:
2025 2024 2 2
## The Redbourn Charities
## Notes to the Financial Statements (Continued)
For the year ended 30 June 2025
|Employment costs|2025|2024|
|---|---|---|
|Wages and salaries|17,683|14,520|
-10-
|11|Tangible fixed assets||
|---|---|---|
|||Freehold land Plant and Total and buildings|
|||equipment|
||Cost or valuation||
||At 1 July 2024|126,559|
||At 30 June 2025|126,559|
## The Redbourn Charities
## Notes to the Financial Statements (Continued)
For the year ended 30 June 2025
|Depreciation and impairment||||
|---|---|---|---|
|At 1 July 2024||85,926|85,926|
|Depreciation charged 'n the year||6,963|6,963|
|At 30 June 2025||92,889|92,889|
|Carrying amount||||
|At 30 June 2025|3,030,000|33,670|3,063,670|
|At 30 June 2024||40,633||
The freehold land and buildings were professionally revalued on 25th January 2018 by TMA Professional Services LIP, Chartered Surveyors.
The land at Lybury Lane and Woollams, Redbourn was transferred to the charity on the 8th August 1964, together with the old Almshouses. No valuation was obtained at the date of transfer.
The historic cost of revalued assets is E25,020 (2024 • €25,020) which represents the cost of construction of the new almshouses.
## The Redbourn Charities
## Notes to the Financial Statements (Continued)
For the year ended 30 June 2025
## . 11 .
|12|Fixed asset investments|||||
|---|---|---|---|---|---|
|||Accumulation|Income shares|Property|Total|
|||shares||fund E||
||Cost or valuation|||||
||At 1 July 2024|357,995|742,849|67,307|1,168,151|
||Additions|||3,793|3,793|
||Valuation changes|(4,741)|(30,699)|1,744|(33,696)|
||At 30 June 2025|||||
|||||2025|2024|
||Historic cost of investments:|||||
||Accumulation shares|||178,757|178,757|
||Income shares|||43,997|43,997|
||Property fund|||80,643|76,850|
|||||303,397|299,604|
|13|Debtors|||||
|||||2025|2024|
||Amounts falling due within one year:|||||
||Prepayments and accrued income|||4,917|2i466|
14 Other creditors falling due within one year
## The Redbourn Charities
## Notes to the Financial Statements (Continued)
For the year ended 30 June 2025
||2025|2024|
|---|---|---|
|||E|
|Accruals and deferred income|7,453|13,523|
## - 12 .
## 15 Restricted funds
The funds of the charity include restricted funds comprising the foflowing donations and grants held on trust for specific purposes:
|purposes:||||||||
|---|---|---|---|---|---|---|---|
|||Balance at|Income|Expenses|Donation from|Balance at||
||1|
2024|||general fund|30|June|
|||||||2025||
|Capital fund||3,137|||||3,137|
|Property equity fund||25,020|||||25,020|
|Food Club||12,165|25,353|(27,122)|||10,396|
|Hamper Scheme||1,803|9,018|(10,269)|1,500||2,052|
|||42,125|34,371|(37,391)|1,500||40,605|
## The Redbourn Charities
## Notes to the Financial Statements (Continued)
For the year ended 30 June 2025
Capital fund: this represents a gift to the charity on 8 August 1964 Property equity fund: this represents the cost of construction of the new almshouses
## 16 Unrestricted funds
The unrestricted funds of the charity comprise the revaluation reserve on properties and investments and the general reserve fund.
|reserve fund.||||||||
|---|---|---|---|---|---|---|---|
|||At 1 July 2024|Incoming|Resources||Revaluation At 30 June||
||||resources|Donation|to|2025||
|||||expended food club and||||
|||||hamper scheme E||||
|Revaluation|-|||||||
|land|and|||||||
|buildings||||||||
|Revaluation •||||||||
|investments||868,547||||(33,695)|834,852|
|General reserve||401,870|112,388|(69,935)|(1,500)||442,823|
|||4,275,397|112,388|(69,935)|(1,500)|(33,695)|4,282,655|
## 17 Related party transactions
There were no disclosable related party transactions during the year (2024 • none).
## The Redbourn Charities
Notes to the Financial Statements (Continued)
For the year ended 30 June 2025
- 13-
Charity Registration No. 217154
## The Redbourn Charities
Annual Report and Financial Statements including Independent Examiner's Report For the year ended 30 June 2025
The Redbourn Charities
## Gilbe r t s
## Contents
**----- Start of picture text -----**
Page
Legal and administrative information 1
Trustees' report 2 - 3
Independent examiner's report
Statement of financial activities 5
Ba la nce sheet 6
Notes to the financial statements 7 - 13
**----- End of picture text -----**
The Redbourn Charities
## Legal and Administrative Information
|Trustees|Mr David Swift - Chairman|
|---|---|
|Mrs Pauline Ridgwell||
|Mrs Angela TowEer||
|Mrs Ruth Hughes||
|Miss Teresa Finnigan||
|Mr Christopher Trim||
|The Reverend Rachel Wakefield||
|Secretary|Mrs Valerie Churchhouse|
|Charity number|217154|
|Official office|12 Woollams|
|Vaughan Mead||
|Redbourn||
|Hertfordshire||
|AB 7DG||
|Independent examiner|Gilberts Chartered Accountants|
|Pendragon House||
|65 London Road||
|St Albans||
|Hertfordshire||
||ALI IU|
The Redbourn Charities
```
I L
```
## Trustees' Report
## For the year ended 30 June 2025
The Trustees present their report and financial statements for the year ended 30 June 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effective 1 January 2019)".
## Objectives and activities
The Redbourn Charities is an unincorporated association registered with the Charities Commission, number 217154.
The main objective of the charity is to provide affordable housing for individuals through the use of Almshouses owned by the charity.
In response to the challenges being experienced due to the economic climate, the Charity expanded its activities a number of years ago to include the following:
- The Redbourn Community Food Club which supports residents in Redbourn. It operates on a membership basis and provides ongoing support through the provision of food and other essentials on a weekly basis.
- The Redbourn Hamper Scheme which distributes hampers to people/families in need in the village at Christmas time.
The charity is expanding the help given to individuals or families in Redbourn that need support. We are working with the Citizens Advice Bureau and have been able to help a number of individuals and families within the village with household goods, clothing, food and other items.
The charity also distributes gifts at Christmas to needy or recently bereaved people in Redbourn.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## Achievements and performance
During the year the charity generated income of E 112,388 (2024 • ElOS,581) from almshouse maintenance and expenses charges and investment income and €34,371 (2024 - €41,372) for the Food Club and Hamper Scheme. Expenditure on related costs amounted to E 105,229 (2024 - f107,082) and donations made were €2,097 (2024 - €978). In addition an internal donation of El,500 (2024 • €1,000) was made from the general fund to the Hamper Scheme. This resulted in a surplus for the year before revaluation of E39,433 (2024- E38,893).
## Financial review
The charity's financial assets are held in a mix of investments through COIF and cash deposits and are reviewed on a regular basis by the Trustees. The charity also owns land and buildings which generate maintenance and expenses income.
Unrestricted funds comprise those funds which the Trustees are free to use in accordance with the charitable objectives with the exception of the revaluation reserves which cannot be distributed until realised.
Unrestricted funds tota' (2024 €4,275,397) of which €3,839,832 {2024 - E3,873,S27 ) are revaluation reserves. The total funds of the charity are €4,323,260 {2024 f4,317,522 ).
## Structure, governance and management
The Trustees who served during the year and up to the date of signature of the financial statements are listed on page 1.
## The Redbourn Charities
New Trustees are appointed by exsting Trustees 'n accordance with the trust deed. The charity ensures that all new trustees are given sufficient training upon appointment by attending meetings and reading relevant literature. The Trustees meet on a regular basis to discuss matters related to the running of the Aimshouses and other activities and to review the financial position of the charity.
## Trustees' Report (Continued)
## For the year ended 30 June 2025
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems are in place to mitigate the charity's exposure to major risks.
## Statement of Trustees' responsibilities
The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.
In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## The Trustees t Report
**----- Start of picture text -----**
ard of Trustees.
**----- End of picture text -----**
Mr David Swift • Chairman
Trustee Dated: 5 November 2025
The Redbourn Charities
## - 3 -
## Independent Examiner's Report
## To the Trustees of The Redbourn Charities
We report to the Trustees on our examination of the financial statements of The Redbourn Charities (the charity) for the year ended 30 June 2025.
## Responsibilities and basis of report
As the Trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
We report in respect of our examination of the charity's financial statements carried out under section 145 of the 2011 Act. In carrying out our examination we have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## Independent examiner's statement
We have completed our examination. We confirm that no matters have come to our attention in connection with the examination giving us cause to believe that in any material respect: 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or 2 the financial statements do not accord with those records; or
3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Gilberts Chartered Accountants
Pendragon House 65 London Road St Albans Hertfordshire
## ALI IU
Dated: 5 November 2025
The Redbourn Charities
## The Redbourn Charities
## Financial
## Statement of Activities
## Including Income and Expenditure Account
## For the year ended 30 June 2025
|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||funds|funds||funds|funds||
|||2025|2025|2025|2024|2024|2024|
||Notes|||||||
|Income from:||||||||
|Charitable activities|2|84,387|34,371|118,758|80,228|41,372|121,600|
|Investments|3|28,001||28,001|25,353||25,353|
|Total income||112,388|-34,371|146,759|105,581|41372|146,953|
|Expenditure on:||||||||
|Charitable activities||||||||
|Almshouse and Lybury||||||||
|Field costs|4|56,206||56,206|63,596||63,596|
|Community Food Club|5||27,122|27,122||26,802|26,802|
|Hamper Scheme|6||10,269|10,269||7,683|7,683|
|Administation expenses|7|11,632||11,632|9,001||9,001|
|Donations and gifts|8|2,097||2,097|978||978|
|Total expenditure||69,935|37,391|107,326|73,575|34,485|108,060|
|Net income/(expenditure)||42,453|(3,020)|39,433|32,006|6,887|38,893|
|Internal donation||||||||
|between funds||(1,500)|1±00||(2,118)|2.118||
|Other recognised gains||||||||
|and losses:||||||||
|Revaluation of||||||||
|investments||(33,695)||(33,695)|99,908||99,908|
|Net movement in funds||7,258|11,520)|5,738|129,796|9.005|138,801|
|Reconciliation of funds:||||||||
|Fund balances at 1 July 2024||4,275,397|42,125|4,317,522|4, 145,601|33,120||
## The Redbourn Charities
## Notes to the Financial Statements
For the year ended 30 June 2025 Fund balances at 30 June 2025 40,605 4,323,260 42,125
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
Balance Sheet
For the year
|||2025||2024||
|---|---|---|---|---|---|
||Notes|E||E|E|
|Fixed assets||||||
|Tangible assets 11 3,063,670 3,070,633 I nvestments 12 1,138,249 1, 168, 151||||||
||||4,201,919||4,238,|
|Current assets|||||784|
|Debtors|13|4,917||2,466||
|Cash at bank and in hand||123,877||89,795||
|Creditors: amounts falling due within one||128,794||92,261||
|year||||||
|Other creditors|14|7,453||13,523||
|Net current assets|||121,341||78,738|
|Total assets less current liabilities|||4,323,260|||
|The funds of the charity||||||
|Restricted funds|15||40,605||42,125|
|U nrestricted funds|16||4,282,655|||
||||4,323,260||4,317,522|
## The financial
by the Trustees on 5 November
2025
## The Redbourn Charities
## ended 30 June 2025
**----- Start of picture text -----**
Mr David Swift • Chairman Hughe
Trustee Trustee
s
**----- End of picture text -----**
## 1 Accounting policies
## Charity information
The Redbourn Charities is a charity reg;stered in England. The address of the registered office is 12 Woollams, Vaughan Mead, Redbourn, Hertfordshire, AL3 7DG.
## 1.1 Accounting convention
The financial statements have been prepared in accordance with the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102,
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin I not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest E.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
## 1.2 Going concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## 1.3 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
## 1.4 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings Not depreciated Plant and equipment 10% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## The Redbourn Charities
## Notes to the Financial Statements
For the year ended 30 June 2025
- 1.5 Fixed asset investments
The 'Charities Official Investment Fund' accumulation shares, income shares and property shares are shown at market value and the surplus/(deficit) on revaluation is credited/(debited) to the general reserve.
## The Redbourn Charities
## Notes to the Financial Statements (Continued)
## For the year ended 30 June 2025
## 1 Accounting policies (Continued)
## 1.6 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any),
## Financial instruments
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets, which include debtors and bank balances, and financial liabilities, which include creditors, are measured at transaction price.
## 2 Income from charitable activities
||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|
||funds|funds||funds|funds||
||2025|2025|2025|2024|2024|2024|
|Almshouses rental income|72,715||72,715|67,866||67,866|
|Lybury Field income|1,150||1,150|1,150||1,150|
|Donations|10,522||10,522|11,212||11,212|
|Food club grants and|||||||
|donations||15,015|15,015||24,358|24,358|
|Food club membership fees||10,338|10,338||10,945|10,94S|
|Hamper scheme grants and|||||||
|donations||9,018|9,018||6,069|6,069|
||84,387|34,371|118,758|80,228|41,372|121,600|
|Dividends and interest|||||||
||||||2025|2024|
|COIF|||||24,891|24,395|
|Interest receivable|||||3,110|958|
3 Dividends and interest
## The Redbourn Charities
## Notes to the Financial Statements (Continued)
For the year ended 30 June 2025
|||28,001|25,353|
|---|---|---|---|
|4|Almshouse and Lybury Field costs|||
|||2025|2024|
||||E|
||Repairs and maintenance|15,616|25,130|
||Depreciation and impairment|6,963|7,062|
||Upkeep of garden and grounds|5,244|5,374|
||Light, heat and water|14,927|12,479|
||Insurance and monitoring charges|2,757|3,163|
||Salaries and other expenses|10,699|10,388|
|||56,206|63,596|
|s|Community Food Club costs|||
|||2025|2024|
||Set-up and running costs|285|2,163|
||Food|25,857|23,776|
||Other expenses|980|863|
|||27,122|26,802|
||Hamper Scheme costs|||
|||2025|2024|
||Food supplies|10,044|7,585|
||Other expenses|225|98|
|||10,269|7,683|
Administration expenses
## The Redbourn Charities
## Notes to the Financial Statements (Continued)
For the year ended 30 June 2025
|||||||||2025|2024|
|---|---|---|---|---|---|---|---|---|---|
||Salaries and general|expenses9,901||7,330 Trustee indemnity|insurance|291|291 Accountancy||1,440|
||1,380|||||||||
||||||||11,632||9,001|
|||||9 .||||||
|8|Donations and gifts|||||||||
|||||||||2025|2024|
||Redbourn Care Group||150|150 St Mary's PCC|7|7 Sundry gifts||1,374|450|
||Christmas gifts|566|371|||||||
||||||||2,097||978|
9 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
## 10 Employees
The average monthly number of employees during the year was:
2025 2024 2 2
## The Redbourn Charities
## Notes to the Financial Statements (Continued)
For the year ended 30 June 2025
|Employment costs|2025|2024|
|---|---|---|
|Wages and salaries|17,683|14,520|
-10-
|11|Tangible fixed assets||
|---|---|---|
|||Freehold land Plant and Total and buildings|
|||equipment|
||Cost or valuation||
||At 1 July 2024|126,559|
||At 30 June 2025|126,559|
## The Redbourn Charities
## Notes to the Financial Statements (Continued)
For the year ended 30 June 2025
|Depreciation and impairment||||
|---|---|---|---|
|At 1 July 2024||85,926|85,926|
|Depreciation charged 'n the year||6,963|6,963|
|At 30 June 2025||92,889|92,889|
|Carrying amount||||
|At 30 June 2025|3,030,000|33,670|3,063,670|
|At 30 June 2024||40,633||
The freehold land and buildings were professionally revalued on 25th January 2018 by TMA Professional Services LIP, Chartered Surveyors.
The land at Lybury Lane and Woollams, Redbourn was transferred to the charity on the 8th August 1964, together with the old Almshouses. No valuation was obtained at the date of transfer.
The historic cost of revalued assets is E25,020 (2024 • €25,020) which represents the cost of construction of the new almshouses.
## The Redbourn Charities
## Notes to the Financial Statements (Continued)
For the year ended 30 June 2025
## . 11 .
|12|Fixed asset investments|||||
|---|---|---|---|---|---|
|||Accumulation|Income shares|Property|Total|
|||shares||fund E||
||Cost or valuation|||||
||At 1 July 2024|357,995|742,849|67,307|1,168,151|
||Additions|||3,793|3,793|
||Valuation changes|(4,741)|(30,699)|1,744|(33,696)|
||At 30 June 2025|||||
|||||2025|2024|
||Historic cost of investments:|||||
||Accumulation shares|||178,757|178,757|
||Income shares|||43,997|43,997|
||Property fund|||80,643|76,850|
|||||303,397|299,604|
|13|Debtors|||||
|||||2025|2024|
||Amounts falling due within one year:|||||
||Prepayments and accrued income|||4,917|2i466|
14 Other creditors falling due within one year
## The Redbourn Charities
## Notes to the Financial Statements (Continued)
For the year ended 30 June 2025
||2025|2024|
|---|---|---|
|||E|
|Accruals and deferred income|7,453|13,523|
## - 12 .
## 15 Restricted funds
The funds of the charity include restricted funds comprising the foflowing donations and grants held on trust for specific purposes:
|purposes:||||||||
|---|---|---|---|---|---|---|---|
|||Balance at|Income|Expenses|Donation from|Balance at||
||1|
2024|||general fund|30|June|
|||||||2025||
|Capital fund||3,137|||||3,137|
|Property equity fund||25,020|||||25,020|
|Food Club||12,165|25,353|(27,122)|||10,396|
|Hamper Scheme||1,803|9,018|(10,269)|1,500||2,052|
|||42,125|34,371|(37,391)|1,500||40,605|
## The Redbourn Charities
## Notes to the Financial Statements (Continued)
For the year ended 30 June 2025
Capital fund: this represents a gift to the charity on 8 August 1964 Property equity fund: this represents the cost of construction of the new almshouses
## 16 Unrestricted funds
The unrestricted funds of the charity comprise the revaluation reserve on properties and investments and the general reserve fund.
|reserve fund.||||||||
|---|---|---|---|---|---|---|---|
|||At 1 July 2024|Incoming|Resources||Revaluation At 30 June||
||||resources|Donation|to|2025||
|||||expended food club and||||
|||||hamper scheme E||||
|Revaluation|-|||||||
|land|and|||||||
|buildings||||||||
|Revaluation •||||||||
|investments||868,547||||(33,695)|834,852|
|General reserve||401,870|112,388|(69,935)|(1,500)||442,823|
|||4,275,397|112,388|(69,935)|(1,500)|(33,695)|4,282,655|
## 17 Related party transactions
There were no disclosable related party transactions during the year (2024 • none).
## The Redbourn Charities
Notes to the Financial Statements (Continued)
For the year ended 30 June 2025
- 13-