REGISTERED CHARITY NUMBER: 2416S8 RANDS ELEEMOSYNARY AND RANDS NON ECCLLSIASTICAL CHARITIFS TRUSTEES REPORT AND ACCOU[S FOR THE YEAR ENDED 31sr DECEMBER
RANDS EL EM YNARY AND RAN LESIASTICAL CHARITIES INDEX T THE ACCOUNTS FOR THE YEAR ENDED 31sr DECEMBER 2024 L£8al and Administrative Inf(VDWiThS 24 Re of the Twstr¢s Independem Examinerfs Re1 Stslement of Financial Activities Balance She 8-11 N(4es to the Acctyjnts
RAN ELEEMOSYNARY AND RANDS N N ECCLEsIAsficAL HARITIFS LEGAL AND ADMINISTRATtVE INFORMATI FOR THE YEAR ENDED 31ST DECEMBER 2024 Charity Thame.. Rands Ekemosynlry and Rands Non Ecclesiwical Charities Charity registration number. 241658 Charity a(klress'. sh11c(k H{Me 99 Bancroft Hii¢hin SG5 INQ TTU5te¢s". Rc6emary Gain$fo (chair[SOn) Andrea Cox (Deceased I&Mor-25) Rev Mary Fane de Salis Carol Winch Danie15 Megan Alleyt Barbara Silvestffi (Appointed 05-Mar-24) Clerk ihe trus¢$.. M. W. Seaman-Hill (Provided by John shi1k L) tndeFndeni examiner. Philip Dean FCA Hicks and Company Chanered Accountsn Fjrst Fl(w. W Bancroft Hiichin SG5 INQ Bankers.. Bawlays Bank PLC 516 High Streei H1hIrt SG5 IBJ Page I
RANDS ELEE ARY DRAN S NON ECCLLSblSTI REPORT OF THE TRUSTE&% FOR THE YEAR ENDED31sf D BER 2024 AL HARITIES The tNsiees pre5eni their annual repm with the finan¢ial of the charity fw the year ended 31st Dtcember 2024. Th¢ 1n1se$ have adopted the provisions of Accounting atld Re[18 by Chatities.. Ststemeni of Recomnded Practice applicable io cllariiies preparing their accounis in acc(Kdance with ihc Financial Retthing Standard applicable in the UK and Republic of Ireland {FRS102} (effectkve 1st January 2019). Objectlves and A¢tSvStks Objectives and aiJtL The objective5 of the cllarity are io provide h(e$ of resi fwdeservin8 naiives or rtsidenrs of the Parishes of Holwell. that may find accomnKthtion at)d se¢uriry in the I¢al comErwnity io suii their F)arncular reqUirennts atwj needs. Slgn515tant activilies The ¢haritl5 objcciives are achieved by ¢olle¢iing an (tt4Jpaii(ffjal charge from the rtsidents who wcupy the houses of rest under ihe control of the trustees. Such ch2rges are uulised mainiahning. repaiTing and refurbishing ihe hSe$ as necessary and the paying for the supt)rt C(6ts for the furKii(KLin8 of the charity. Publle benefil The tru5tces have waid regard to the Chariiy Commisstons Publhc BenefLI Guidance and ¢ompiled with seCtit 17151 of the Chariiies Act 2011 in exercising their Frt)w¢rs and duties. al have SshI io den$8 thai the chariiy continues 10 provide benefjts io suitable persons who relate direcily io its (JeiveS. The benefits are publicly available 10 ail who qua]ify. All applieauons ate subject io due prryess and considerniion w1)ut discriminaiion. Aehlevements 8nd PerfoTJDattL Charllable activities The properties contyolted by the tntsttts coniinue be rnaintsincd. rcpaired and refurbished itt that the existing ond new restdents are properly caiered for. The trustees have crntinued w make available he$ of rest uThJer thu"r wntrrA. The c(¥bStant demand has reflected the nttd for such a charily ihai providcs a valuable supp(¥t service io the l(tal community. The trse$ coThunu¢ a Proamme of repair5. mainLenance and refurbishment so (tcupancy is conswidy ai a high level. ancial Revlew Financi41 pc6ition The financial results for the year as shown on pages 6 and 7 refle¢1 the ttcupational charges colk¢ted from residents. inve5rrneni income received in the year. Ihe costs IUrTed in collecting th¢ incorne and maitltaining the pn)peni¢s. Ihe 5UPPOrt Costs and the fjnaftcial stale of affair5 of the charity * 31M DeCemr 21n4. Prlnelple sources ofineot The mjor sources of incorr are (cupaiional clhvges from Kesiiknrs 8NI inVes1rtt inconr from investRnES made of surplus ftsnds under the control of the trusttts. (keupational charge5 from residents were £1.395 lower than the wevious year ai £44,171120J7 . £45.566}. due io the alm$hSeS not being fully (*cupied in the year and despite charges having incre&sed in July 2024. Dividend income increased by £85 compared 10 the previous year 10 £5.9(2023: £5.5). Principle items of ¢xp¢ndi¢ure The trustees cooiinue io nlIoT and ctrol c(K%ts that are incurred afterdue considerdfion. The main irems of expenditure continue to k the repair and maintenance of the pr(yeffies and gudens under the control of the Irustees. as well as lighi a1 h¢atin8tosts. T1 exwwjiture imrased by £34.107 10 £65.23412023.. £31.127}. Overall in the year there was nei ex[nditUre before gains or l(&ses on fv revaluation of investments of £12.9?3 (2023: net irKome £21.770}. Pa8e 2
RANDS ELEE YNARY AND RANDS NON ECCLES REPORT OF THE TRUSTE FOR THE YEAR ENDED 31sr DEC ICAL CHARITIES MBER 2024 InvestmeDt wlicy Consideratloll 15 given io the reqtsiremeni io incur Co5 as required 10 maintain the prrFrties. therefore having considered the options availabk the irnstees have decided ro retain an amwni of funds with John Shilc(Kk in a clients accwnL as a repair fund and to retain ex¢¢ss futKls in recognised charity invesinKni ful thai Ire fairly easily accessible. Th¢ policies adopted by ihe ¢rnstees are such thal inveswi rnnies are carefully managed with a low risk. Reserve5 policy Toial funds hcld by the ¢haTiiy ai 31st Decernber 2024 were £925.71812023: £934.8981. Reserves are required for. Unexpected repairs atld maintena¢ thai Could b¢ ai any Changes in inrnal refurbishments &5 rces5ary. within reasoTh w attommcthtr specific or specialist needs of resideni5. Based on the Charity's activities and th¢ age of the prEnles. the trustees aim to have unrestyicied r¢s¢rve5 to cover the historical valuation of ihe properties of £4W.(KM) and one yearf5 experMlitUTe. The esiitnaied average yearly expenditure is £40.). AI 31st December 2024. the ¢hariLYs unre5trictrd funds were in excess of the reserve policy. but the uustees c(fflsider this prndent as it ensures the clwiiy has sufficient restyJt¢es to cover the risks of yrxpected repairs maintenance io the properties. The trusiees consider thai t PTe%ni level of (t¢upauonal ¢h2rges from residents and investsnt IorNe together wilh reserves is sufficieni io ensure the present charitsbk a¢iivities Can be mainthined and are sufficieni to tKei the objectives of the chariiy. Risk rnanagement The trusiees Coniinue io assess and llK)niu)r the ajor risks to which they consÉ¢krthe Charity 15 exp)sed particularly in relation io insurance. 105 and finance. StructUTe, Gov¢rDance and ManageMt Gov¢rlling docurnent The governing thKumeni of the regimered ¢hariiy is a scheme dared 26th Augusi 1924 and a scheme of 3151 May 1979. The charity's Lyerdtional address is shi1k HO¢. g) Ba[ofl H1h]n. Hert& SG5 INQ. Organisatlonal structure The chariiy has a board of trusitts mae¢ up of the vicar coverin8 the Holwell area. tht app)inted by the parish council a1 cfropted irnsitts who shall reside or cany on business in or rar the beneficial area. The tDJstees meet 2 or 3 times annurn and are re5ry)nsibie f( the (jeaives and athivities of the chariiy. All the trustees Contribu io the management of the charity. The trus$ are suppx1ed by a clerL ptovidcd by Jn sh11ck LAd wifessiimal PrtY adviser5. who is restKJThsible for.. The colleciion of IxcupaiÉ(KLal eharges frrn residents. nl#King arwj rcporting the maintenance and repair5 required in re5FCt of the PrOrtIc5 conuolled by the trumees. Ensuring rha( all direcuve5 of the truSS are appropriaiely implemented. A policy of gUlar meeiings nxans that ail a%[c of adTninistrring the ¢hariry are fully reviewed arml monired. Trustees Induction and ¢raining All trustees are familiaJ with the wk of the charity and are involved in the activithE5. All trusiees aff issued with a wiy of the Chariiy Commi55ionets ty)kJeL Tr Essential Twstee" and a copy of the laresi rlnancial siaiements toenhance their uttderstsTh1in8 of the1rsutuicry rest#y1bil1lIcs. Plan% for fvture perl(rfls The htyjses are of art a8e ihai repairs and rnalnrenae are CLxtsianrly Ul[e to coMY with residents and levant kgislation. The m]siec5 have no srrtLfLC plans other than to conunue the mana8eTneni of the proirties and adminisier chariiable resources as appropriate. especially 10 en5urc the pr4rrties are repaired. Malnthird and refurbished a saiisfaci¢)ry a[ard for exi51ing and new res]deTh. Page 3
RAf4DS ELEEMOSYNARY AND RANDS NON ECCLESLAsfIcAL CHARITI&S REPORT OF THE TRUSTELS FOR THE YEAR ENDED 31ST DECEMBER 2024 Trustee5 The truses who ser¥¢d during the yearwete: Rosemary Gainsford (chairrSOn) Andrea Cox (Deceased 18-Mar-251 Rev Mary Fane de Sails Carol Winch Daniels Megan Alleyne Baxbara Silves¢on {ApEx)inied 05-Mar-241 Statement ofTnLSt¢¢s Re5POnsibililies The trusiees are re5Frf)nsible for preparing the Rerth of the Trustees and the fJnaAcial staiement5 in acc(thce with applicable law and United KingdoEn ACcnUn8 Stsndarts (Uniwl Kingthmth Ger[allY Accepted AcctyJntin8 Prxucel. The law applicable w charities in England and Wale& the ChaJities Aa 2011. Chariiy IA¢¢ouThts and Rep(Ktsl Regulations 2(K18 and the provisions of the thjsr deed Tequires the [nlS LO wepare financial swements for each fInatal year whÉch give a tn]e and fair eW of the stste of affairs of the charity and of the Inc7]18 res(XErces atbl applicatitKL5 are resources. including the income aTrJ expenditure. of the charity for ihat ri1. In preparing th¢s¢ finala] statemen ts1¢¢$ are quired to: - 5elecl 5ULtable atctsuniiThg poli¢i¢s and then apply them Cr1¥¢Ar1y. - observe the meihtyjs and principles in the Chariiy SORP: - make judgements and esiimate5 thai are realable and prudeni. - prepare the financial 51ateNnt5 the going concern basis unicss li is itiaiyw to presume ihat the charity will continu¢ in business. The trustees are resporkSible for keeping prw aCcinI18 r£¢dS 7which di1 with reasonabk Xcuracy at any time the rinancial position of the charity and ioenable them io ensure thai the financial Stsrnents cofflply with Charities Act 2011. the Charity IAcctyJnts and Retx)ns) RegulatLon5 21KA8 and the provisions of the rrnsi dttd. They are a150 re5ix>llsLble for safeguarding as5ers of the charity and he[e tsking reasonable steps for the preventil)n and detecrion of frdud and other irr¢gulari(Ées. The repM was appmved by ler of the Board ofTruses onl¥tknthr 2025 arrtl sId on its behalfby.. Rosemary Gainsfcd TruSe Page 4
RANDS ELEEMOSYNARY AND RAN LLSIAST CAL HARITIES IF4DEPENDENT E AMINERS, REPORT TO THE TRUSTELS OF THE CHARITY OF CHARLES COLLISON R THE YEAR ENDED 31sr DECEMBER 2024 Independent examiner's to the trstee5 of Rands FJeeJDwynary and Ra])ds Non Ecdesi&stieal Charities I report 10 the tnjstees on my exarniTralion of the finan¢ial stat¢ffRnts of Rand5 Elecmosynary and Rands Non E¢clesiasitcal Charities year ended 31st December 2024. which are sei (xhi Pages 6 EO I I. Roponsibilities and basis of report As the charily's tsustees Y{ are resrA)fi5ible for the preparauon of the financial sratements in ac¢rydance with qUIremen1$ of the Chatiiies A¢1 2011 I'the 2011 Act,). Having sattsfied mysclf thai financiat SleMents of Ihe charity arc nDt required io be audited and are eligible for independent examination. I repm in restt¢L of my examinau(m of Y(r¢haI]i5 finaKial StamEnts as carried ¢)ut under scctioll 145 of the 2011 Aci. In carrying out my ¢xaminauoTr I have followed the appli¢abl¢ directio Éiven by the Chariiy Commission Under seciion 145{51{b) of the 2011 ACL Independent examiner's Stalennt I have cornpleied my examin*ion. I c(M)firni thai no rnaterial matteFS have conx to my attenii(ffi in conn¢aion with the examination giving me cause io believe thai in any material rtspect= accwnting ¥ecords were tmm ke in resrKct of the Charity as require(J by Secti 130 of the 2011 Aa. or 2. the fLnan¢ial starnents do noi acc(Kd wilh those rec(ffds: or 3. the Flnancial Stan[S do comply with the accounting requiremenrs conceming the form and conteni of financial statements sei J1 in ihe Charities {Accounts and RerAirts) RegUlatiS 2(M)8 (rther than any requirement thai ihe financial statemenrs give a 'true and fair view, which is not a maller considered 8S Wt of an inderKndeni examinaLiIXJ: ( 4. the financial 51aternents have tten ppared in accor wilh the meth(AJs aTrd principles of the Sraremeni of RecommerKled PTactice for accouniing and retthing by charitie5 (applicable w charities preparing their accwnts in accordance with the Financial Rewjning StsThlard applicable in the UK and Republic or treland {FRS 102)). I have no concems and have come acrrss other matters in ¢(ne¢ll0n with the exaTnillation to which tentIon should be drawn in thL5 repofi in order ¢0 enable a prOr understanding of ihe financial siaiements io reached. Philip Dean Hicks and Cornpany Chanered Accouniants First Floor. 99 Bancroft Hiichio SG5 INQ Date'.21 Ociober 2025 Pa8e 5
RANDS ELEEMOSYNARY AND RANDS NON ECCLESIA srA TEMENT OF FINANCIAL ACTIVITILS (InrpOrating 30 Income and Expendithrt Aeeount) R THE YEAR ENDED 31 DECEMBER 2024 AL HARITIES 2024 2023 Total N4)te fuThJ Income from charitable ¥tiviti¢s." Ckcupaiiorbal Ch8¢ from residenLS Donations Inv¢slmeD¢ income: D2vidend tncome Interest received Other Income: Other income Totsl incou 4171 210 44,171 21 45.566 210 s.5 .216 5UII 52Jll 52.897 Expenditure Cost of raislTrg fvnds: Costs of collecun8 residents contribuiiorns 5,467 5,443 ExpendltUTe elwit#ble adivities: CILarilable actlVLties 59,767 59,767 Total expenditure 65XY 31.127 Net 1nc0rndlexnditllre) before transfers (129231 21,770 TratLsfers betwten funds Ntt 5nwmexpedl1uTe} before gAiftS *nd IseS {Il923) 21,770 Other re¢wed vi{153¢5) u[alised Bain on Énvesiments 1743 1743 11.646 Net movement fuftds (9,18•} 19.180) 33,416 Recondllatlon of funds Total funds brought forward 934398 934398 901,482 To¢41 fundsf4rried forward ii. 94718 92S,718 934.898 The nOS on pages 8 10 1 I forni part of these financial slements. All of the above results are derived from conunuin8 1vities. There are no cthr reCols¢d gaIr losses (Aher than those sra¢ed above.
RANDS ELEEMOSYNARY AND BALANCE SHEET DECEMBER 2024 LLSIAsficAL CHARITIES Note rund 2024 2023 Flxed wets Tanble asseLS Invesirnents TO1 red assets 49YI 190145 6805 490,IXKJ 187.102 677.102 190J45 Current as5¢ts Debtors Short rerni derK>sits Cash ai bank Cash ]d by John Shik Lcd Totsl Lwmnt assets L016 130 116.146 I016 iJowJ 116.146 8ffj47 257.678 825 128.930 126,147 12,840 268.742 Ctsrrent LlabS1iths Creditors: Amounts falling due within ce year 10.946 Net current &ssets 2443 2443 257,796 Ne¢ 91S,718 925.718 934.898 The fwi(is of the cl)arity: Unrestricted funds ii. 925.718 925,718 934,898 Th¢ noles on pages 8 10 1 I fcrn wr of these finala1 statennts. The financial statements were approved by the B(rd of TrttreS 2(r25 atKI wete sied on its behaifby: Rosew Gainsford Trustre Pw7
RANDS ELEEM YNARY AND RANDS NON ECCLESIASTI NO THE ACCOUT FOR THE YEAR ENDED 31ST DECEMBER 2024 ALCHARIT To provid¢ hwses of rest for deserving natives (ff residents of the parish of HoIwell. L Status and B&si5 of Accountin Status Tr ¢hOtY being a regisred charity is not liable thxaiion on any of Investn[ i)Me. nor any other gains derived from carryit)g oui its charithble aciivilies. Basis of accounti The Flnancial Statements of the chariry. whieh is a public benefii enriry under FRS102. have ien Ppad in accordance with the Charities SORP {FRS 1021 'Accouniing and RetA)ning by Charities: Statrmeni of Recomtnended Ptactice applicable to ch2riiies preparing Iheir accounts in acc(the with the Financial Retttng StaTrknd applicable in the UK and Republie of treland IFRS 1021 leffcciive 1st January 20191.. Fitknqncial RepKLing Stsndard 102 'The Financial Re]ng Stsndard applicable in Ihc UK and Republic of Ireland. and the Charities Aci 2011. The fioancial sraienKnts have been prepared under historical cosi ccfflvention m(Klified to include tffottnies and inv¢5unents at valuauryl. 3. Acttiurtti Poileles Income (kcupaiional charges represents contribuucxLS from residents or s$81 services (ffl behalf of residents of the prorkrties under the coTrtToI of the Truse5 and is inclu¢kd art entiilement basks. Incoll from investments is included in the year when it is receivable. Investmeiii gains or losses are rtCO8nised a resuli of disp05in8 of Rnve5unents a1 the revaluing investments. Expenditure All expendiiure is included on an aecnthls b&sis a1 is reCOlSed where there is a legal or constnjrfive ClISatIon to pay for expenses. All costs have been dI¢11Y allrLbUd io the funcuonal catewies of r¢source5 eKperwJe Costs of rdising fund5 COrnPri5e the costs of ¢olleciing ch$ arNJ inwestsneni magenI costs. Charitable 8cuviiies expenditure comprise those costs incurred in the delivery of its xuviiies and services for its beneficiaries iogether with suptffj Costs asxtiated with meeting thc consiiiuiional and stswiory requireff¢nts of the charity. Tangible fjxed a55¢ts FrhOld properties are included ai a historical valuaiion aThJ the trustees do nc* believe li is necessary io undertake ? professional valuaiion given ilK 5Cial nature and use of the pr(nIck No depreciaiion is charged as the In]sS believe th the residual value of the frtthold prryerty is in excess of the carrying value in the financial Statements. Flxed assets Investments Investmen15 are included ai market values. Fund attountlng All funds held by the ¢TitY a cimsidered unresuicted funds are available to be used in acrda1C with the chariiable objecuves of each fund ai the discretion of the Trustees. Page 8
RANDS ELEEMOSYNARY AND NON EcCLlASTICL CHARI r40TES TO THE ACCOUNTS FOR ThE YEAR ENDED 31ST DECEMBER 2024 4. Anal sis of Ex nditurt 2024 2023 Costs ofrdising funds: Cosi of colleciin8 1cUpatIOnal charges 5.443 Expendlture OD charitsble aetlvlties: Repairs and mainDanCe Light and hear Light and hear- prevLtyJS years. charges Council lax Water Ales Alami line Insurance Garden expenses Bank charges i£gal and professional fees Slhndry eXse$ Subscripiions AdveTitising Grants and allowances Accounis and IndeF¢ndeThi exaTniner's fee5 3.9)7 14.315 22.482 i&ooi 334 1.667 240 1.316 2,340 205 1360} 46 196 lJ12 207 173 .752 25,684 59.767 Total expenditure 65234 31,127 Trth. Remrat}n and Benefits There wa5 no truseS, Temuneration or other benefits Ict the year ¢n(W 31st Dettmber 2024 nor for the year ended 31st December 2023. &Com ratives for the Stgtemtni of Financial Activities Unrestri¢trd Restricied rund fund 2023 Tota] Inco Income from charitable actlvlties: Occupaiional charge from Tesiden Donaiions Inyeslment iDcomt: "vidend in¢0 Interest received Other Income: Other income Total lJ*ome 45.566 210 45.566 210 s.5 1,216 1.216 52.897 52.897 Expendlture C[¢ of Taising futMLs: Costs of colleciing residents con¢ributions Expenditure on charitable activities: Chariiable aciiviiies 5.443 5.443 25.684 Total expendlture 31,127 31.127 Page 9
RANDS ELEEMO YNARY D RANDS NON E NOTES TO THE ACCOUNTS R THE YEAR ENDED 31sr DECEMBER 2024 HARIT 6. Com ratlves for the StatenDt A vi¢i¢5. Continued UnrtstTKtrd Re5tritted rund rund 2023 Totsl Net income before tr8nSters 21.7R) 21.770 Tr%reT$ betw¢eD funds Ne¢ income before 8alns losses 21.770 21.770 Other retognised yiLsl(losses) Unrealised gaiTh OTr invesunenLS 11.646 Net mDvenKnl Sn fvnds 33.416 33.416 Reeoneiliation of Totsl fvtbjs brou8ht forward )1.482 9)1,482 Total funds carried fonv4rd 934.898 934.898 an "ble Flxed Assets Total FrethId Proper¢s Hlstork valuation: AL 1st January 2024 3j #t 31st DccemFKr 2ff24 490,(ItM) & Flxed A55et Inve5tmeDts 2024 2023 Market Value of COIF C1writy As at 151 January IrKrease Én values A5 ¥t 3] December I,12 3,743 I.845 175.456 11.646 187.102 2024 2023 Occupaiionol charges in arrears PrepayffRnts 713 1393 665 825 10. Credtto Amwnts Falli Dllt Within One Ye4r 2024 2023 Occupational charges in advaDce Other crediioTS- E.ON her crediiors- Hicks aThl Cotwy Other crediioTS- Affiniiy Wtr Accruals 192 1,748 1.716 9817 6,634 10,946 Page 10
RANDS ELEEMOSYNARY AND RAN NON ECCL NOTLS TO THE ACCOUNTS R THE YEAR ENDED 31ST DECEMBER 2024 IASTICAL CHARITIFS I l. Funds General: To receive occupational Charges from resithnts and investNrnt incornc. To provide funds for the collecuon of ttcupttii Charges and the supp(rt costs of the chariiy. To manage the properties and en5yre they are fully insured. Mainuid and l¢J)ked after. Balances Isi January 2024 Trnnsftr E¢tween nds Balances 31si De¢ernr 2024 lnvesuneni dins Inwming Jtgoing Unrestricted Funds: Genera] 934,898 934898 52Jll 52Jll 1652341 (65J341 3,743 3,743 925,718 925,718 Balances Isi January 2023 Transfer beiwttn funds Balances 31st December 2023 Inve5trtLertt gains tncorning Ouigoing UnreStricd Funds". General 901.482 1.482 52,897 5?J97 (31.127) (31.127) 934,898 934.898 11.646 12. Anal sis of As8ets*nd Liabilities ts Funds Net assets 31st DeceN]r 2024 Fixed Isse.. ProFerties tnvestsneRI Current Cufftnt Bank Unrestricted Funds.. General 4AI.OiKI 4.(1 255,662 255ffj62 1016 1016 112W>l 112JO51 92>,718 92i,718 Nei assets 3151 December 2023 Fixed assets: Prottrties Investsneni Curreni Current liabilities Bank Unrestricted Funds.. General 4.(KI) 4,(M) 187.102 267.917 267.917 825 825 (10.946) 110.946) 934.898 934.898 Page 11