## **Lady Lucie Reynell’s Charity**
## **Trustees Annual Report for the year ended 28[th] February 2024**
Charity number: 262114
## **Reference & administration**
Principal address: St Paul’s Church Devon Square Newton Abbot TQ12 2HN
Trustees Hilary Howell – resigned 01/03/2024 Rev David Brown Anthony Winser Simon Le-Pine Williams Richard Manson Clare Lillington
## **Structure, governance & management**
Governing document
The charity was registered in February 1971 and the governing document was updated on 21[st] January 1980, then amended on 27[th] August 1996 and 22[nd] February 2002.
## **Objectives and Activities**
Provision of Housing for those of limited means of the Church of England resident in Devon with a preference given to Clergy, their wives/husbands and widows/widowers or if no suitable applicant to a poor person in Devon with a preference given to widows
To apply the income for the benefit of the residents in the homes of the charity or any of them in such manner as the trustees think fit.
## **Review of the year including financial review**
There has been a slight increase in maintenance contributions in the year. During the year the trustees continued to maintain and update properties as necessary. Various repairs are scheduled for 2024/25.
The year end funds are healthy which will allow us to repair the various properties going forward.
Approved by trustees on 1[st] March 2024 Signed Rev David Brown
**Lady Lucie Reynell's Charity Receipts & payments accounts for the year ended 29th February 2024**
**Charity no: 262114**
|**29th February 2024**|||
|---|---|---|
||**2024**|**2023**|
|**_Receipts_**|||
|Maintenance contribution|32 230|28 230|
|Bank interest|794|112|
|CBF interest|1 335|1 355|
||**_34 359_**|**_29 697_**|
|**_Payments_**|||
|Repairs|8 069|4 227|
|Management fee|3 038|2 711|
|Vacant flat services|-|-|
|Insurance|1 375|1 310|
|Almshouse Association subscription|153|146|
|Housing Ombudsman|-|-|
|Information Commissioner subscription|35|35|
|Clerk|-|144|
||**_12 670_**|**_8 573_**|
|Net Income|21 689|21 124|
|Bank balances brought forward|153 088|131 964|
|Bank balances carried forward|**174 777**|**153 088**|
|**Statement of Assets & Liabilities**|||
|**Cash & Bank**|||
|Lloyds
Instant Saver|80 853|78 769|
|Lloyds
No 2|93 719|74 114|
|Lloyds
Treasurers|205|205|
||**174 777**|**153 088**|
|**Investments**|||
|COIF Charities Deposit Fund|1 135|1 093|
|CBF Short Duration Bond|4 722|4 534|
|CBF Investment Fund income|45 137|42 727|
||**50 994**|**48 354**|
|**Property values**|||
|36 Torquay Road, Newton Abbot|230 000|230 000|
|38 Torquay Road, Newton Abbot|235 000|235 000|
|40 Torquay Road, Newton Abbot|125 000|125 000|
|40a Torquay Road, Newton Abbot|115 000|115 000|
|42 Torquay Road, Newton Abbot|240 000|240 000|
||**945 000**|**945 000**|
The properties were revalued in 2018 for insurance purposes.
## **Liabilities**
none
none
Approved by trustees on 1st March 2024 Signed Rev David Brown
Independent Examinerfs Rep(xt to the Trustees of Lady Lucie Reynell's Charity
Charity no. 262114
I report to the trustees on my examination of the accounts of Lady Lu(ie Reynell's Charity
for the year ended 281h February 2024.
Responsibl11¢S and bas18 of the reporl
As the charity trustees of Ihe charity you are responsible for the preparation of the accounts
in accordanGe with the requirements of the ChaTities Act 2011 (the Act}.
I rewrt in respect of my examination of the charlS accounts carried out under section 145
of the 2011 Act and in carrying out my examination I have followed all the applicable
Directions given by the Charity Commission under sectton 145(5Xb) of the Act.
Independent examinerfs statement
I have completed my examination. I cOnfin that no material matters have come to my
attention In CA)nnection wlth the examination giving me G3use to believe that in any material
respect..
1. AGGounting records were not kept in respect of the chur(* as required by section 130
of the A¢t', or
2. The accounts do not accord vth those records.
I have no concerns and have come across no other matters in connection with th8
examination to which attention should be drawn in this report in order to enable a propgr
understanding of the accounts to be reached.
David Rudall FMAAT
Greenwood
Accountsncy Ltd
5 P8llew Arcade
Teignmouth
Devon
TQ14 8EB
18th December 2024