CHARITY COMMISSION F(XI ENGLAK) AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to tha trustee members of Vincent's Charity On accounts for the year 3111 March 2024 Chartty no (If any) 251320 Sg1 out on pages 1-18 l iewjrt lo the trustees on my examination of the accounts of the abov8 charrty (Ihe Trusf> Ihe year ended 3110312024. Responslbilities and ba¥is of report As the charitrfs trustees, you are responsible for the preparati of the a(nts in accordance with the requirenIS of the Charities 2011 Ad"}. I report in resFe¢t of ry examinat of the aCuftts caryied wt under section 145 of Ihe 2011 Ad and in carying Out my examination. I have fcAkA¥ed all the app¢8b DirectK)ns given by the Charity Commission under 8ecl#)n 145(5Mb) ofthe Independent l am qUalffjd to undertake the examinat by bw'NJ a qualified rn¥&r of oxaminer's statement the Instibjte of FIncIal kcountants. I have comF4eted ry exaMinaA. l ¢onfim) that no malefigl matters have come to rny attenlton in cA)nneclh)n wilh Ihe whiL gives me cause to believe that in, any woterial resped: the accounting records kept in accordance with sectbn 130 oftr Charibes AL" or the accounts dkl not accord with the acxx)unting r(d8' or the xcounls not eompty with the appIable requirements coneemirKJ the fomi and content of accounts set out in the Charits"es A£tounts and Reps} Reguktions 2008 other than any reqLFirement that the accAyJnts give a YfU8 and fairf which is nol a matter considered as part of an independent examination. I have no cont£ms and have come $$ no other matters conneclion with the examination to which attent)n should be drawn in this pOrt in order to enab a proper understanding of the accounls to be reathed. ' Please delete the wonts iffi the biadtets rfthey t) not Opy. Slgned: Date: BRENDAN CHAMBERS Rolevant prof888ional qualifiGation(s) or body {If any): F.F.A. IER Oct 2018
Address: Mwltorouth House. 298 R&Jents Park Road. LNIOn. N3 2SF Section B Disclosure Onfy COMpte rf the examiner needs to highlwJhl malerial mallers of concern (see CC32. lThJependent eXinK ofcharty counls'. direct$ and guJance for exwrynefs). Givg here bri d•tslh of any items that the 0Xlner wiihes to di$¢loso. IER Oct 2018
CHARITY COMMISSION FOR ENGLWID AND WALES Trustees. Annual Report for the period 1$1 Aprll 2023 To From 31•t March 2024 Charbty name: Vincenfs Charfty Charlty r•glstrntion numb•r: 251320 Objectives and Activities Summary ol the purposes crf | the charrty as set out in ils gt)veming document P4r4 1 17 To pmwde housing accommodation and rinanaal assislance ol needy persons of the age 0145 and upwards. being resident in Si Albans or having family or other assouions therewith. The trustees have continued to provide substantially subsidised accommcJation lor bts beneffiaaries who pay a mcrflest weekly mwnlenance contribution. This is funded by other properties let on a comnwcaal basis. I Summary of Ihe main aCtivrts in relation to thwe purposes for the pu1¢ benefft, in particular. the activtiies, projects or services Idenlrf in the counts. Statement confiming whether the trustees have had regard to the guidance issued by the Charily I ComMissn on pubhc I benefil Parn 1 17 and The trustees have had regard to the guKlance issued by Ihe Chanty Commission on publc benefft Addltlonal infomiation loptlonal) You ma choose lo indude further stslefflents where relevant at>oui'. P•ta 1.31 Policy on grant making P• 1.38 Policy on socaal investrnent inclLKling prcJram related investment Pwa138 Contribution made by volunteers Other
Achievements and Perfommnce The Irustee$ consNJer the perfomance of the chafiiy to te satisfaclory in this year. Acc{m0daIi0n ¢onlinued to be provided at a substantially sub$idised rent for the befth of various individuals in need. Summary of the main achievements of the chaiity. identifying tho drflerence the charity $ work has m&le lo the orcumstances of its beneficiafies and any wider benefrts lo sociely as whole. kn120 We x)Id a property that had b8en three benekiary fls th were considered t The charty k8 hokling a relatively large ount of cash to provide funds for l)uying a satisfactory repbcemenl prcperty and starting a major exercise lo upJrade all our prowties, both benefic4ary and short hold terncS. lo meet rrent environmental siandards over the next few years. Addltlonal Infommtion lopoonal) You ma choose to include further Stateff where reievanl auL Athievements against objeclives set Paia 141 Perfomiance ol fvndraising activities against oty'eclives set P¥• 1.41 Imiestment parfofmanr agavnst obj'ectives P•141 Other
Financial Review Review of the chaiity's linancial posttion at the end of the penod Pw•121 The charitys incorne was £151.097 {2022123 £133.9181 th property cosls of £125.069 (2022123 £86.335) and addrtional ex liture of £8.553 2022123 £11 $52 The tnjstees consider that general fund5 shoukl be mainlained at a level equNaleni to twelve month's expenditure. and an addrtional $8e amount of £75,000 should be maintsined for eXcenal repairs and maintenance. This level of reseThes has been maintained thro hout the ear. £7.034.055 2022123 £6.917.175 Statement explaining the policy for holding reserves ststing why they are held Pwa122 Amounl of reseNts held Reasons for holding zero reserves Details of fund materially in deficit Explanation of any uncertainties about the charity conlinuing as a going Pm122 P11? PM• 124 P•rn12J Addltlonal Infomatlon (optional) You ma choose io include further statwM2nts where relevant about.. The charity's principal sources of funds linduling any fUndrain9) Pw•1A7 Investmerrt PJ1Y and objectives induding any social inveslrneDI policy adopted Pw• 1.46 A description of the princip81 risks facing the ch*ity P•rn 1.46 (Xher
structure, Governance and Management ', Trust deed adopted on 231711964 and varied b xheme on 71111992. Trust deed Description of charity's Irusts.. Type of goveming dCrnent . Pera 1 25 Jl =liarteT How is the charity Parn125 conslituted? "i orated Charrtable organisation Trustée selection meth(xJs ncluding details of any conslitutional provisions e.g. election to post or name of any person or body entitd to appoint one or mo trustees P•rn 1.25 I In accordance wrth the Trust's constilulion. The body of trustees cSist$ of seven comFetenl peoe {fi've at presenl, Iwo to be apwnted) Ccpopled trustees are rsons residing or ¢affying on business in or near St Albans and are appointed for a tem of five years Any thmpetent tfustee Addltlonal Inforniatlon iopkna You ma choose to include further statements where fthvant about: Policies and procedures adopted for the indudtr)n and training of trustees P8 1.51 The trustees deiegete the day to day iunning of the charity to Ihe Ckrk of Truslees. The charity's organisational structure and any wider nehvork with whth the charily works Pw•181 Relationship with any related parties Pw• 1.51 Other Reference and Administrative detsils Vincent's Cba . Cha OlheT name the charit uses istered chafil numbef Chartiy's pnncipal addfess 251320 Clo Bretherton Law 1 Floor. Alban Row 27-31 Ve(ulam Road St Albans Hertfordshire AL3 4DG
Names of th• charlty trustees who manag• th• charlty {il nyl Dat•s d•d rf not 1orTfv•1• N•m• of p•rwn {w l)otyl •ntiUed Int trusts• Ir•n Penelope Wlliams Joyce Lusby Caroline Mccaffrey Bruce Kent John Auslin David Graves Michaela 8ygrave Terry Hill Chair 01104123 - 16101124 01104123- 04110123 01104r23- 11107123 11107123- 31103124 10 11 12 13 14 15 16 17 18 19 20 Cor rale trustees- names of the difectors at the de the re Dire¢t•r Mm• wasa Name of trustees IKAding tiue to Fwoperty betonging to the charity O•t•s •¢tsd rf not forwhg Tntq• nam•
Funds held as custodian trustees on behalf of others Description ol the assets hdd in this caparyty Name and obj.ects of the chanty on whose behall the assets are held and how this falls wrthin the custodian chaiily's objects Details of arrangemt5 for safe custody and segregation of sh assets from the thanly's own assets Addttional infofmatlon Ioptlona Namos and addresses ol advisers (Optlonal InfomtIOn1 Type of Pl•me Address advls•r Name of chlef exKutlve or names of senlor staff memborn Ioptlonal Informatlon) Exemptions from disclosure Reason for Mn4liscbsure of key Fwsonnel dtsls Other o tional infomiation
Declarations The truslees declare that they have approved the Irustees, report above. sign on behalf of the charfty'¥ trustees Slgnatur•lsl Full name(sl Qi<M£L6JO&- ffy-P L i L Posltlon (eg Secretary. Chalr, etcl
CHARITY COMMISSION I FOR ENGLANO AND WALES Vincenl'5 Chaiily Char11y No 251320 Annual accounts for the To eriod Pernd Peiw)tt art date 0110412023 3110312024 Section A Statement of financial activities Restricted R8cornmonded categorles by actfvlty Prfor y•ar lunds lurrfl• fvNI$ fvnds Total funds Incomlng r•sourc8s (Nots 31 F01 F02 F03 F04 F05 om? ar¥J ?ThlLsvrfnents frorn." 950 950 OthErIry 150.147 150 147 133 918 Separats rnatoithn cl rKune Total Rèsour$ •xpended (Note 6) Exppndliur• on.. S07 151.097 151.097 133918 125.069 8.553 125069 Sopaiite rrnIsrfern ofewwAe Other $1Q S11 Total S12 133,622 Not Incomell•xp•ndltur•l b•for• Inve$lment gains111055es} $13 17.475 17.475 36.031 Not gaN5I<IDY) Nèt Incom•ll8xpendltw•l Extraordlnary ltsm$ Transf•rs b•tw••n fund$ Other recognls•d galnslllosw)= $15 17.47S 17.475 36,031 $16 $17 2,246 S18 $19 99,405 116880 99.405 116,880 Net movemènt In fvnd$ 38,277 Re¢on¢lll•tlon of fvnd5.' Toialkndy 6.917.175 7,034,055 6.917,175 7,034,055 6,878.898 6.917.175 Total funds canied fonvwaT