COTTAGE CIIARITIES TRUSTEES REPORT YLiR ENDED 319t MARCH 2025 GOVERMNG DOCUMEwr The Cottage Cbarities is governed by the Tnt Deed dated 1801. APPOINTMENT OF TRUSTEES Penton Grafton Parisb Council nominates the Tnlstees. RELATED PARTIES Penton Grafton Parish Council provides full athninistrdtivc support for the Charity. OBJECTS AND ACTIVITIES The objects of the charity are to provide lowry51 housing to members of the Parish. ACHIEVEMENTS AND PERFORMANCE All the nine properties are now in cxcellent condition and of a high standard. However continuous work will have to be carrsed oul in future years io ensure that the properties Lontinue to keep their current high standard and meet any new regulalions which may be brought in. The charity continues to provide Iow-cosi housing to members of the Parish and all properties have remained let throughout the year. FINANCIAL REVIEW Financially the charity is again in a sound 5]tIOn with adequate reserves bul as stated in previous years, the properties are of chalk or flint and brick and require adequate reserves for maintenance and, in addition, the TnteeS would like to see fiher low-cost housing in the Parish. Bearing in mind all the factors it is considered that the cutrenl reserv¢s are prudent and at a satLSt"actory level but should be kept under review for future maintenance needs.
COTTAGE CIIARITIES TRUSTEES REPORT YLiR ENDED 319t MARCH 2025 GOVERMNG DOCUMEwr The Cottage Cbarities is governed by the Tnt Deed dated 1801. APPOINTMENT OF TRUSTEES Penton Grafton Parisb Council nominates the Tnlstees. RELATED PARTIES Penton Grafton Parish Council provides full athninistrdtivc support for the Charity. OBJECTS AND ACTIVITIES The objects of the charity are to provide lowry51 housing to members of the Parish. ACHIEVEMENTS AND PERFORMANCE All the nine properties are now in cxcellent condition and of a high standard. However continuous work will have to be carrsed oul in future years io ensure that the properties Lontinue to keep their current high standard and meet any new regulalions which may be brought in. The charity continues to provide Iow-cosi housing to members of the Parish and all properties have remained let throughout the year. FINANCIAL REVIEW Financially the charity is again in a sound 5]tIOn with adequate reserves bul as stated in previous years, the properties are of chalk or flint and brick and require adequate reserves for maintenance and, in addition, the TnteeS would like to see fiher low-cost housing in the Parish. Bearing in mind all the factors it is considered that the cutrenl reserv¢s are prudent and at a satLSt"actory level but should be kept under review for future maintenance needs.
COTTAGE CHARITIES INDEPENDENf EXA1[NER's REPORT YEAR ENDED 31sf MARCH 2025 Jndependent Examiner's Report to the Trnstees of the Cottages Charities I report oti th¢ accounts of th¢ charity for the yw cnded 31 March 2025 which are sct out on pages 5 to7. Respectlve re5POUsibilities of trustees *nd examiner The charity's trustees Consider that an audit is not required for this year (under sect&on 43 (2) of the Charities Act 1993 (the Act), as amended by s.28 of the Charities Act 2006 and that an independent examination is needed. It is my responsibility to: Examine the accounts (under section 43 of the A¢L as amended) To follow the procedures laid down in the G¢ncrdl Directions given by the Charity Commission (under stIon 43 (7) (b) of the ACL as amended), and To slate whethtr particular matters have come to my attention Basis of independent examiner's report My examination was carried out in accordan¢e with the Generdl Directions given by the Charity Commission. An examination includ¢s a review of the accounting records kept by the charity and a comparison of the accounts presented with those record5. It also includes consideration of any unusual items or dis¢losures in the accounts and seeking explanatiOTts from the trusl¢es conccrning any such tnatters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opiTrion on the accounts. ndependent examiner'$ statement In the ¢ourse of my examination, no matt¢r has come to my attention Which gives me reasonable cause to belteve that in. any tnaterial respe the trustees have not met the requirements to ensure that= Proper accounting records are kept (irs accordance with section 41 of the Act). and Accounts are prepared which agree with the accounting records and comply with the accounting requir¢ments' of the Act; or 2. To which, in tny opinion, attention should be drawn in order to enable a proper understanding of the a¢counts to be reached. Independent Examiner Paul ReyDolds FMAAT Fair Aecount l Roker Way Fair Oak Eastleigh. S050 7LD Date