## REYNOLDS TEAGUE HOMES 

## MINUTES OF AN ANNUAL GENERAL MEETING OF THE TRUSTEES 

HELD ON TUESDAY 8[th] OCTOBER 2024 AT 11am 

## AT THE TRUSTEES OFFICE 

## REYNOLDS TEAGUE HOMES, EVESHAM ROAD, STOW ON THE WOLD 

## Present : 

Mr Richard Davies Secretary and Trustee Mrs Kate Gum Trustee Mr Michael Gum Trustee Mrs Helen Keyte Trustee Mrs Bernice Magson Treasurer and Trustee Mr Derek Magson Trustee Mr Paul Teague Trustee 

Ms Joy Diamond Warden 

## **1. Apologies for Absence** 

The Chairman Mrs Jill Rodden unfortunately has Covid and was unable to attend. 

She did send a message which was read out by Kate at the start of Item 3. 

Mr David Glaisyer was also absent. 

## **2. Warden’s Report** 

See attached.  Joy also produced a quote from Laser Alarms for fire extinguishers which she thought very expensive.  Bernice will look into it. 

Joy commented that all residents seemed well and happy. 

## **3. Election of Officers** 

All Trustees present confirmed that they would be happy to serve another term. 

A statement from Jill was read out by the Vice Chairman, mentioning her concerns, and a list of the Warden’s responsibilities was circulated by Kate. 

So far as Officers are concerned:- 

Chairman; 

Jill Rodden proposed Paul Teague, seconded Bernice Magson 



Vice Chairman; 

Kate Gum, proposed Mike Gum, seconded Richard Davies 

Treasurer; 

Bernice Magson, proposed Kate Gum, seconded Helen Keyte 

Secretary; 

Richard Davies, proposed Mike Gum, seconded Bernice Magson 

All were carried unanimously. 

In the absence of Jill, the Vice Chair, Kate assumed control of the meeting. 

## **4. Minutes of the Last Meeting** 

These were approved and signed by Kate. 

Matters arising:- 

Emily Baddeley has now moved into Number 3. 

The current Vicar confirmed that she could come as an Observer but was unlikely to be able to participate usefully. 

## **5. Maintenance/Property Matters** 

These were dealt with by the Warden’s report and discussion below. 

## **6. Vacancies** 

Currently there are three vacancies but only Mr Finn and Mrs Collier were thought suitable. 

They will be interviewed by Jill and Bernice 

## **7. Treasurer’s Report and Proof of Accounts** 

Bernice produced the latest accounts, which were approved. 

It was not thought that we were getting a good enough return on the £10,900 in investment accounts, nor on current account. 

It was suggested large surpluses where there were no big capital expenditures likely should be moved to an interest bearing account with easy access. 

This will be investigated further before the next Trustee’s meeting. 



It was also proposed by Bernice to increase contributions next year, up again from an increase of this year. 

It was proposed to increase all contributions and put them up to £410 per month, leaving Tim’s at that so that they tally.  The new residents of Number 4 will start at that figure. 

Joy’s Tenancy Agreement needs to be checked. 

It was discussed whether to send out letters before Christmas or after and it was thought better to send them out in line with annual increases so they will go out in the Spring. 

Bernice was thanked for all her hard work over the year. 

## **8. Residents** 

These were discussed above in 3.  and 7. 

## **9. Date of Next Meeting** 

This will take place in the Spring on a date to be decided. 

**There being no other business the meeting closed at 12.35pm.** 



## **REYNOLDS-TEAGUE HOMES** 

## **ACCOUNTS** 

## **YEAR TO 31 MARCH 2025** 

||**Page**|
|---|---|
|GENERAL INFORMATION|1|
|ACCOUNTANTS CERTIFICATE|2|
|RECEIPTS AND PAYMENTS ACCOUNT|3|
|BALANCE SHEET|4|



BRONSENS CHARTERED CERTIFIED ACCOUNTANTS HILLSIDE ALBION STREET CHIPPING NORTON OXFORDSHIRE OX7 5BH 



Page 1 

**REYNOLDS-TEAGUE HOMES GENERAL INFORMATION YEAR TO 31 MARCH 2025** 

## **SECRETARY** 

R L Davies, Bourton-on-the-Water 

## **TRUSTEES** 

Mr D Magson Mr R L Davies Mr D Glaisyer Mrs H Keyte Mr P Teague Mrs J Roddan Mrs B Magson (Treasurer) Mr M Gum Mrs K Gum 

## **ACCOUNTANTS** 

Bronsens Chartered Certified Accountants Hillside Albion Street Chipping Norton Oxfordshire OX7 5BH 

## **REGISTERED CHARITY NUMBER** 

L2/242558 



Page 2 

## **REYNOLDS-TEAGUE HOMES** 

## **ACCOUNTANTS CERTIFICATE** 

## **YEAR ENDED 31 MARCH 2025** 

In order to assist you to fulfil your duties as trustees, we have prepared for your approval the financial statements of Reynolds-Teague Homes for the year ended 31 March 2025 which comprise the Profit and Loss Account, and the Balance Sheet from the company's accounting records and from information and explanations you have given us. 

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com. 

This report is made solely to the trustees of Reynolds-Teague Homes, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Reynolds-Teague Homes and state those matters that we have agreed to state to the trustees of Reynolds-Teague Homes, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its trustees, as a body, for our work or for this report. 

It is your duty to ensure that Reynolds-Teague Homes has kept adequate accounting records and to prepare financial statements that give a true and fair view of the assets, liabilities, financial position and profit of ReynoldsTeague Homes. You consider that Reynolds-Teague Homes is exempt from the statutory audit requirement for the year. 

We have not been instructed to carry out an audit or a review of the financial statements of Reynolds-Teague Homes. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. 

________________________________ 

BRONSENS Chartered Certified Accountants Hillside Albion Street Chipping Norton Oxfordshire OX7 5BH 

________________________ Date 



Page 3 

## **REYNOLDS-TEAGUE HOMES** 

## **RECEIPTS AND PAYMENTS ACCOUNT** 

## **FOR THE YEAR ENDED 31 MARCH 2025** 

||**2025**|**2024**|
|---|---|---|
||**£**|**£**|
|**Receipts**|||
|Residents’ contributions|34,650.00|33,500.00|
|Interest – COIF Charities Deposit Fund|41.21|38.56|
|M & G Charity Multi Asset Fund Increase in valuation during year|677.89|785.20|
||**35,369.10**|**34,323.76**|
|**Payments**|||
|Alarm rental (careline)|126.05|229.20|
|Laser alarm – maintenance contract|1,065.77|643.13|
|Insurance|2,775.78|2,127.32|
|Legal and professional|360.00|-|
|National association of alms houses|353.00|343.00|
|Accountants fee|288.00|252.00|
|General maintenance|4,700.81|970.00|
|Plumbing|1,692.08|833.15|
|Central heating boiler contract|520.00|520.00|
|Garden maintenance|4,926.59|5,490.49|
|Electricity and gas|615.20|186.45|
|Rates and water|-|-|
|Refurbishment of Reynolds House (Warden’s Property)|-|233.78|
|Refurbishment of No.6|-|-|
|Refurbishment of No.5|-|-|
|Refurbishment of No.3|4,518.41|1,158.65|
|Refurbishment of No.4|190.00|-|
||**22,131.69**|**12,987.17**|
|**(Deficit)/Excess Of Income Over Expenditure**|**13,237.41**|**21,336.59**|





Page 4 

## **REYNOLDS-TEAGUE HOMES** 

## **BALANCE SHEET** 

## **AS AT 31 MARCH 2025** 

||**2025**|**2024**|
|---|---|---|
||**£**|**£**|
|**BANK AND INVESTMENT ACCOUNTS**|||
|Lloyds Bank Account|47,109.04|34,590.73|
|COIF Charities Deposit Fund|873.04|831.83|
|M & G Charity Multi Asset Fund|10,443.76|9,765.87|
|Total Bank and Investment accounts|**58,425.84**|**45,188.43**|
|**CAPITAL ACCOUNT**|||
|Balance at 1 April 2024|45,188.43|23,851.84|
|(Deficit) / Excess of Income over Expenditure|13,237.41|21,336.59|
||**58,425.84**|**45,188.43**|



We approve the Accounts and confirm that we have made available all relevant records and information for their preparation. 

**Secretary – Mr R L Davies Trustee – Mr D Glaisyer** 

____________________________ 

## **Date** 



## **REYNOLDS-TEAGUE HOMES** 

## **ACCOUNTS** 

## **YEAR TO 31 MARCH 2025** 

||**Page**|
|---|---|
|GENERAL INFORMATION|1|
|ACCOUNTANTS CERTIFICATE|2|
|RECEIPTS AND PAYMENTS ACCOUNT|3|
|BALANCE SHEET|4|



BRONSENS CHARTERED CERTIFIED ACCOUNTANTS HILLSIDE ALBION STREET CHIPPING NORTON OXFORDSHIRE OX7 5BH 



Page 1 

**REYNOLDS-TEAGUE HOMES GENERAL INFORMATION YEAR TO 31 MARCH 2025** 

## **SECRETARY** 

R L Davies, Bourton-on-the-Water 

## **TRUSTEES** 

Mr D Magson Mr R L Davies Mr D Glaisyer Mrs H Keyte Mr P Teague Mrs J Roddan Mrs B Magson (Treasurer) Mr M Gum Mrs K Gum 

## **ACCOUNTANTS** 

Bronsens Chartered Certified Accountants Hillside Albion Street Chipping Norton Oxfordshire OX7 5BH 

## **REGISTERED CHARITY NUMBER** 

L2/242558 



Page 2 

## **REYNOLDS-TEAGUE HOMES** 

## **ACCOUNTANTS CERTIFICATE** 

## **YEAR ENDED 31 MARCH 2025** 

In order to assist you to fulfil your duties as trustees, we have prepared for your approval the financial statements of Reynolds-Teague Homes for the year ended 31 March 2025 which comprise the Profit and Loss Account, and the Balance Sheet from the company's accounting records and from information and explanations you have given us. 

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com. 

This report is made solely to the trustees of Reynolds-Teague Homes, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Reynolds-Teague Homes and state those matters that we have agreed to state to the trustees of Reynolds-Teague Homes, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its trustees, as a body, for our work or for this report. 

It is your duty to ensure that Reynolds-Teague Homes has kept adequate accounting records and to prepare financial statements that give a true and fair view of the assets, liabilities, financial position and profit of ReynoldsTeague Homes. You consider that Reynolds-Teague Homes is exempt from the statutory audit requirement for the year. 

We have not been instructed to carry out an audit or a review of the financial statements of Reynolds-Teague Homes. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. 

________________________________ 

BRONSENS Chartered Certified Accountants Hillside Albion Street Chipping Norton Oxfordshire OX7 5BH 

________________________ Date 



Page 3 

## **REYNOLDS-TEAGUE HOMES** 

## **RECEIPTS AND PAYMENTS ACCOUNT** 

## **FOR THE YEAR ENDED 31 MARCH 2025** 

||**2025**|**2024**|
|---|---|---|
||**£**|**£**|
|**Receipts**|||
|Residents’ contributions|34,650.00|33,500.00|
|Interest – COIF Charities Deposit Fund|41.21|38.56|
|M & G Charity Multi Asset Fund Increase in valuation during year|677.89|785.20|
||**35,369.10**|**34,323.76**|
|**Payments**|||
|Alarm rental (careline)|126.05|229.20|
|Laser alarm – maintenance contract|1,065.77|643.13|
|Insurance|2,775.78|2,127.32|
|Legal and professional|360.00|-|
|National association of alms houses|353.00|343.00|
|Accountants fee|288.00|252.00|
|General maintenance|4,700.81|970.00|
|Plumbing|1,692.08|833.15|
|Central heating boiler contract|520.00|520.00|
|Garden maintenance|4,926.59|5,490.49|
|Electricity and gas|615.20|186.45|
|Rates and water|-|-|
|Refurbishment of Reynolds House (Warden’s Property)|-|233.78|
|Refurbishment of No.6|-|-|
|Refurbishment of No.5|-|-|
|Refurbishment of No.3|4,518.41|1,158.65|
|Refurbishment of No.4|190.00|-|
||**22,131.69**|**12,987.17**|
|**(Deficit)/Excess Of Income Over Expenditure**|**13,237.41**|**21,336.59**|





Page 4 

## **REYNOLDS-TEAGUE HOMES** 

## **BALANCE SHEET** 

## **AS AT 31 MARCH 2025** 

||**2025**|**2024**|
|---|---|---|
||**£**|**£**|
|**BANK AND INVESTMENT ACCOUNTS**|||
|Lloyds Bank Account|47,109.04|34,590.73|
|COIF Charities Deposit Fund|873.04|831.83|
|M & G Charity Multi Asset Fund|10,443.76|9,765.87|
|Total Bank and Investment accounts|**58,425.84**|**45,188.43**|
|**CAPITAL ACCOUNT**|||
|Balance at 1 April 2024|45,188.43|23,851.84|
|(Deficit) / Excess of Income over Expenditure|13,237.41|21,336.59|
||**58,425.84**|**45,188.43**|



We approve the Accounts and confirm that we have made available all relevant records and information for their preparation. 

**Secretary – Mr R L Davies Trustee – Mr D Glaisyer** 

____________________________ 

## **Date**