2024-04-30-accounts

Bethany Home Trust Limited

Report of the Trustees for the year Ended 30th April 2024

The trustees who are also directors of the charity for the purpose of the Companies Act 2006 present their report with financial statements of the charity for the year ended 30 April 2022 The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Standard applicable in UK and Republic of Ireland (FRS 102) (effective 1[st] January 2015).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Trust Deed defines the Objects of the charity as; “to found, provide, build, run and maintain homes, houses, hostels or accommodation for the residence and use by the care of old infirm persons recommended to the Trustees”…. “such persons to be of good report and of Christian Character”

These objectives are met through the provision of 10 low-rent Almshouses at Dingle Court, Bristol BS13 7AU

The relevant Charity Commission Classifications are: 107 - Accommodation/ Housing 202 - Elderly/ Old People 203 - People with a Disability/ Special Needs 305 - Providing buildings Facilities/ Open Space

Significant activities

The charity exists to provide clear benefits to its residents by the provision of housing and the fostering of a sense of community and mutual support. Where possible, the trustees appoint one resident to provide contact between the Trustees and residents, They are known as the Responsible Tenant.

Trustees are in advanced stages of negotiations with a group who have expressed an interest in becoming trustees/director.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

During the year, the charity has provided housing, community, stability and encouragement to 11 people in 10 self- contained residences at Dingle Court.

FINANCIAL MATTERS

The charity accounts for May 2023 to April 2024 show a Surplus of £3,982.00.

Financial position

The charity’s mandatory reserve position continues to be very healthy and thee trustee is confident that the continuing financial stability of the charity is secured by the 2024/2025 Budget, adopted at a Trustees meeting held in May 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing documents

The charity is controlled by its governing document, a deed of trust. The Trust is a limited company, limited by guarantee as defined by the Companies Act 2006.

The charity is established and controlled by its governing document, a deed of trust. The trustee is a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment of Management Company

The trustees decided that due to the low number of directors and that all current directors have full time employment, we would take on a management company to take over the day to day running of the charity’s maintenance and Secretarial duties of the Company.

Company Details

SWR

The Stables, Hortham Farm, Hortham Lane, Almondsbury Bristol, BS32 4JW Appointed on: 01/09/2023

Recruitment and appointment of possible new directors

The number of trustee’s has declined over the last year so we are currently looking to appoint new Directors, individuals who share the aims of the charity and who, will be attending trustee meetings as observers, once they are happy and have decided to serve as directors of the trust. The current directors will check references, carry out an interview and if they are found to be suitable to be appointed as directors we will look appoint them as soon as possible.

Induction and training of new trustees

The Almshouse Association holds a number of seminars each year which are made available to all Directors of the Trust to attend. New Directors in particular are encouraged to attend the annual seminar for new trustees. The Trust does not have a bespoke training course for new Trustees, but they quickly become informed of the issues by means of discussion at Trustees meetings and between meetings by email and personal contact.

The Trustee’s plans for the forthcoming period

The Trust continues the updating of the Rules of Reference, Application Form and Letter of Offer. The Trustee notes the tendency for elderly people to remain independent for longer, and as a result over a number of years the waiting list has become gradually shorter. The Trustee is fully aware of this and is actively considering its implications.

The trustee’s had appointed a surveyor to carry out inspection, and a fire risk assessor to report on any work needed to maintain the high standards of the property and safety of the tenants. The outcome of these have been taken on by the new Management Company SWR, who are currently in the process of fulfilling the requirements of these reports. The trustees are continuing to improve flats to a high standard to meet our tenants requirements.

Financial Risk Management

The Trustee acknowledges its duty to identify and review the financial risk to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Trustee has to this end agreed Financial Procedures which are operated by the Treasurer on behalf of the trust.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number 09548579 Registered Charity number 244329

Registered office

The Stables, Hortham Farm, Hortham Lane, Almondsbury Bristol, BS32 4JW

Trustees Directors

Mr Kelvin Stone Appointed 12/01/2022 Mrs Pam Cairns Appointed 16/03/2022 Mr Gary Holister Appointed 26/04/2023

Company Secretary

SWR

Appointed 01/09/2023

The Stables, Hortham Farm, Hortham Lane, Almondsbury Bristol, BS32 4JW

Previous Trustees Directors

Trustees

R. Tubman Susan Todman

Independent examiner Dilipkumar Patel FCA ICAEW Wormald & Partners 11 The Promenade, Clifton Bristol BS8 3NG

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2008 relating to small companies.

Approved by order of the board of trustees and signed on its behalf by: Kelvin Stone

Signed:

Womiad & Pwin8fS Brunel HIM￿0 BS8 3NG

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ol Y••r E The dlredorn ofthe corporate try5te8 ofthe prE5enithe6r rekMNt finwjfjl staternertsof the d￿rIty forthe yeai Stwthrd 8th'c8ble in Ihe UK Rawbk oftrdaThl IFRS 1021 l•ffth 1 Janpw 20191. OBJECTNES AIID ACTMTES Ob￿Ctly•S and 81rn8 Th8 Trust C>8èd dèfin•s th• thiects of th• eharfty x. lo ILx¥L ts￿. nm rrinla¥i ho[￿8. hcALry8S. I￿Sta[5 or [￿SC￿ to be ofwi￿1 rewt and of Chtslkn ChaTarAer. 107- koynmrrtjatitsft I 202- Elde￿ I ￿ P￿pIe 203- Peop ￿1th a I Sp8aal 305. P￿dIr￿j BU￿1r￿a$ F•￿111￿1 open Spar• The charity exists to p￿dtr benefiLS to ts ￿side￿6 ty the tr¥Jusiw and Ihe fcAteriry DI a sense of comrNj￿ty rrwlual SUFFOTL IMierE possth. ts Tnjstee reshJent lo prov¥lg r¥ntad l)then the Tnrtee ACHIEVEMENT AND PERFORMANCE FINANCIAL RÉVIEW Flnan¢lal posltlon The aco)unts lor 2023r24 sh)w 8 sJrpiusof{£3.982 stsblty ofthe chwty Is sx¥e(I byts 2LY24r25 w. Gov•rnlng docufflont The charity establK51d aTh1 by ds TnAt daw 10 P4WI 1W w•ndtMn( d•W 1st J￿8 2016. I1￿6￿tut¢S ￿ uwKLwwat8d ch. Two dlrectors rts&n•d In 2023. A new dlr•ctor was aFp)i￿ 2023 dkBt¥s to l¢) for and lrnlnlry ot rvaw trusts• New TnBtèè dit•eto¢s in pa￿.￿lar 8r8 ako 8ncouW to *er¥J ts ￿nu4 $8mwwr lor rww Tntst•è dwoctors. The Trust d08s rM)t have a b8spok• tra1n1￿ cojrse new TNstee bultw be￿Tre Krformed of Ihe i55ue5 by rnean5 Th• TN•t••b forth•tOrtI￿I￿9 pwlud FINncial ri#k manaf•omert appropriate controL5 arp in to wxjnable asswance aja￿51 fraud and eNrA. The Trusiee has to Ihls end agmd Finanoal arn opwaw ￿ Ihe Trna5wqr{or Treawr8rl M b&h&Ydthe Tntsto

ftEFE￿CE AMD A[1￿l$TRATfyE DEfALS 244329 Prlnelpal •ddrM• SW RdLKalwJns LLmit•d Th8 Stx14&% Hortham Fami HOrth￿ L# NlmoTrJsLMwy BS32 4J Bethany TntstÈ• Llmltèd Ind•ynd•nt Exan￿ne1 ta￿F￿)ar Patel FGA WoM￿d & part￿r¥ Bn)el Hous8 11 The Promen& Clifton DNn Biistol 8S8 3NG

R￿PO￿lIb￿lII08 and basts of rnport r8qulr8merts ol th• Ctoth5Act 2011 fthe ACO. I report in resp8Ct ol rny exa[￿na￿rt of the Charws ac¢(AJrts carried r￿rt urthr 145 of thè Act in tyji my examinabon I have fcllrA¥•J al apOubkn DxeLtsr￿ ty tha Clwty CcthThissth Lmd•r SILI￿ 145(5Xbl c4 th• ACL wc4Jrds kntre Th)t kept In resp&# ofthe ty SeLkn 1x1 ofthe A¢ or the arxounts do not aLxx¥d ￿1th Ihose reconjs.. or Ihe accounts do Th)t comply ￿1th Ihe apF4icable c¢)rrAThng the ftsrm and coniont ol aeeou¢ts in umar PalBI FCA & Parlnws Brunel 11 F¥¢menede Clrfion DO%￿b Brist BS8 3NG Datè:

ent of Fin•nr4•1 Activtti•s forth•Y 2024 2023 ftjnds INCOMEAKI EKIOWMEiifs FROM oth8r Ira(krvJ 8ctivittbS In¥e3tnnl in(y 45,152 45.152 1.612 Totsl Ch•rit•bh actMth• Services 21,9)1 21,901 18,943 Ot 23.1X 8.140 19.143 Tot•1 8.140 NET INCOME￿EXPE￿xTuREj (8.140) (4,05n 6.110 RECONCIUATION OF FUNDS 27,759 1353)) 162.959 TOTAL FUNDS C*ARED FORWARD 31.842 127.( 158.W2

l•nc• Sh••t 2024 Tol81 funds 2023 Total lund$ DeslgrMted FIXED A88Ef8 TwMJilAe assets 75.674 49.136 124.810 124.810 CURRENT ASSErs 4,112 107. 746 115.452 Cash at bank 29.767 33079 116.198 CREWOR8 (2M77) {2.582) 112281 NET CURRENT ￿88£r3 1￿.676 127.( 238,780 CREOITORS An￿unts fthJ ikn 4for th#n onè y r14.834Tr 174.834) (75.8211 ASSErs 162.959 FUNDS UThTOStrb*d kn( De8ignat•J lunds.. Pmp8rty fijnd 31.842 27,759 48.097 17,816 61.147 Exlraorclnary repai￿ frjnd 61,147 135.200 TOTAL FUNDS

to th• Fir rth•Y•xE ACCOUPrnNG POUCIES ¥ ol pr•pulng kni•l wlh th8 Chaths so￿ IFRS 102) ty Ch8ribg5: Slatwnenl of Rgwrrffiend￿ PraciKo appI￿a￿le to eharths kYepthJ I￿1r acwints ￿ OCC4ydan￿ vAth thg Reporbtyd standard apph"ce in •)8 VK aThJ of Irdand IFRS 102118ff8(kn l January 2019Y. Finanria StarKlard 102 The Fina￿al Rwiw¥J s￿ar£I in tr im Re[￿￿ of Irelar¥X arnl the Charit8 Aci Expendltur• io thal expenditLKg. it15 Fwobobk that a 11￿ be￿ w• bg reqthj In 8et1leD￿nt 8MI Ihg wh)unl ol Twglbh fix•d ass•ts No depreciatk)n 15 thar9￿1 ￿ th8 freelKAd WDpety a5 its eslhmlgj ￿{￿rn￿ Il& exoed5 50 yws aThJ doprooation thrggd woubj be inmat81i ye81. Taxotlon Fund accounllng ris& bthen G￿lfied by the (k>rnr (Ywhen fL¥bJs ¥• k pattrdw d&signated wrF#)sos. Rents Dir* Court 42.405 2.647 38.7f 1.761 115 U8e of guest rtsjm Pa98 6

th• Fln• INVESnlÉNT WCOME 2024 2023 3J62 1.612 TrAal INcoMe AND ENDO￿1￿4￿& FROII Olher tradrg a¢ti¥itss 40.584 1.812 40.584 1,612 Tolal 42.1 EXPENDrruRE ON S¢rvrAs 16.943 16,943 Other INCIXIE 1￿1$ 8.110 RECONCUATION OF F￿0s Tolal f￿dS 130. 1S6.849 TOTAL FUNDS CAMED FORWARD 13 27 759 ￿2[4) Freelwd opèrty At 1 May 2W23aThJ Xl Apri 2024 NEf BOOKVALUE At 30 Awl 2024 124.810 AI 30 Awl 3)23 124.810 T1￿ fr9gh¢ld pft)ity ot DiNJ¢ C¢wrto)nyw 10 of dèvtkpuy thls fr04ht4d Thè totsl CO￿ d the aThJ Ms dwtb)Fr*nt was £295.722. Th8 ffigure shown on sh••t 15 the tolal c051 HAG as it is to bè an acc￿1• I￿8ClEOn of th8 oJ8t of Ih8 freelK)kJ proporty to the tharity. FLIG 15 repwe urKltr certsii 5819 of a

th• Finanelal forth•Y OE8TORS: AMOUNTS FALL•IG DUE wrriM4 YEAR 2023 746 2024 2024 2023 Olhor¢x1(tr) 75.B21 legal tharg8 the fveehokl knd and tAngs. Th¢ b)an is ropay4¢ over 60 spats by equa haw yewty In$tallm8nts af prn(ap4 ar•J kn18r&81 ai ￿ krt8r86t 10.375% par arfflurn. Th8 lolal ￿ outslandlry 81 th8 year e[￿ WBS £75.821. Amwrts f8111rq due ltritn ywon dernand: 74.834 75.821 11. MOVEME1￿ W FUNDS Ngt At 1.5.TJ 30.424 G8n8rel thjr 31,842 Desl9naied funds Propety e¢JJlty ftjnd cycl1￿1 m8inlenanr£ ￿nd ExtraD￿In8ry wepaw5 luThJ 48,097 17,816 61.147 25,956 61.147 18,1401 127.060 TOTAL FUNDS 1tr2.959 158,902 (thtirn￿1...

Not•s to th• Financi Y• 11. In ftmds 41114 (45.0311 4,083 1401 (8.1401 TOTAL FUNDS a 1.5.22 (￿xIS 30.4.23 G8n8ral thjnd 1018 27.75 Deslgnatod fvnd5 Property e(pMty fund (1.333) {5131 6.140 48,097 25.956 61.147 ExtrarKdThry Tepairs fund 55.CQT TOTAL FUNDS 156.a49 6.110 162.959 vement Unr•ilrf¢igd fvn Gener4 f￿d 42.1 (40.￿) 1.816 ri•slgnatsd fvnds Properfy e￿￿ty(und cycl1￿1 mainténan￿ fuThJ ExtraordwHry rew15 fijnd {1,3331 (513) 6.140 (1,3331 15131 TOTAL FUNDS 42.196

to th• Finan¢id S rth•Y•ar En 11. nYp48ment Al 1.5.22 30.424 G8￿rat fiJThl 31.842 Property ewtyfuwwj CycilKal maintenanee lurnl 49.430 26,469 55.(K17 11.3331 18.6531 6.140 48,097 17,816 61.147 TOTAL FUNOS 156,849 158.9)2 UnT•strlct•d fvndtt General 91310 (85,4111 5,899 D••lonat•d fimd¥ Prwety eqwty fund Cyril'r21 Maintenan￿ fiwKI Éxtsaorflnary re￿1[5 knj 11,3331 {8.6531 11,3331 18.653) 6.140 TOTAL FUNDS 91.310 2,053 11 RELATED PAIITY DISCLOSURES Prop•rty E9￿ Fund Cydkal m￿n1•nanC Fund quinquennial rnairtenance 8(kndule. Extraordknlry R•pth Fw Thi5 a re¢ommèrtde(l fijnd, to vAth th• dortty is wmed ty the th)ho￿@ A$S(￿atiOn to tr￿SIer r8comrnend￿I levd frum th8ir uN•strictsd f880rves basls. Th? I￿j Is ava4&blo fi)r use P•J• 10

Fin 2024 20rJ INCOME AND EIIDIXIMEMTS R8nts Teceived Court Elethcty conln"bu1￿nS U$9 olgu85t ￿XjTTh 38.70B 1.761 115 2,647 1LYI 45.152 &962 Totsl Incomlng r••ourrn• 49.114 42,1 EXPENiMfuRE Charl14b￿ actlvll 3236 3.981 2,359 127 717 L¥Jhi l*•t Wardèn ND descripti 7.184 23.130 8.140 10.553 31,270 19,143 Support£¢)sts Flnan 8.014 Gov•man¢• ¢o•ts Lcountsncy TraveN¥¥J thn¥tration Sund 4.728 4,057 Py11

Your Ref:

Our Ref: VP/SHA/3882

When telephoning or calling please ask for Mr Patel

BRUNEL HOUSE 11 THE PROMENADE CLIFTON DOWN BRISTOL BS8 3NG

Date: 29 April 2025

FOR YOUR URGENT ATTENTION PLEASE

Mr Kelvin Stone 2 Heart Meers Whitchurch Bristol BS14 9NY

Telephone: [phone] Fax: [phone] Email: [e-mail]

D.R. Patel, F.C.A. N.A. Dando, F.C.A., Dip. P.F.S. V.D. Patel, F.C.A. Consultant:A.R. Kitts, B.A., F.C.A., C.T.A.

Being sent via email only to: [e-mail]

Dear Kelvin

- Bethany Home Charity Charity accounts for the Year Ended 30 April 2024 - Bethany Home Trustee Limited Accounts for the Year Ended 30 April 2024

Further to our recent correspondence, we are pleased to advise that we have now completed the accounts of Bethany Home Charity for the above year, which have now been signed and approved by the Board of Trustees. We enclose copies of the above-mentioned signed accounts for your records.

We assume that, as usual, you will arrange for the filing of the accounts with the Charity Commission in due course.

Other Matters

In previous years the Housing Corporation have asked us to produce a letter for the purposes of drawing attention to the matters which arise during the course of preparing the charity’s accounts. Taking into account the size of the charity and the number of personnel involved, it is our view that there are no material matters which would be required to be highlighted in any such letter. It is our view that the charity is very well managed. In order to comply with the requirements of the Housing Corporation, a copy of this letter may be attached to the accounts when submitted.

Finally, we take this opportunity of enclosing a note of our costs in connection with the preparation and review of the enclosed accounts for your kind attention in due course.

Website: Registered to carry on audit work in the UK and regulated for a range of investment www.wormaldandpartnersaccountants.co.uk business activities by the Institute of Chartered Accountants in England and Wales

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Please do not hesitate to contact us with any points on which you require additional information. We look forward to hearing from you at your earliest convenience.

Yours sincerely

V D Patel ([e-mail]) Wormald & Partners