## **The Rehoboth Trust**
**Charity registered in England and Wales**
## **Charity number 516295**
# **Trustees’ Annual Report and Accounts for 2024**
1
## **THE REHOBOTH TRUST**
## **TRUSTEES' ANNUAL REPORT Year ending 31 December 2024**
|**CONTENTS**||**Page**|
|---|---|---|
|Part One:|Reference and Administrative Details of the Charity,||
||its Trustees and Advisers|3|
|Part Two:|Structure and Governance|4|
|Part Three:|Objectives and Activities|4|
|Part Four:|Financial Review|4|
||Accounts|6|
||Independent Examiner’s report|7|
2
## **Part One: Reference and Administrative Details of the Charity, its Trustees and Advisers**
|Charity Name:|The Rehoboth Trust|
|---|---|
|Charity Registration Number:|516295|
|Address of Principal Office:|The Rehoboth Trust|
||9 Arlington Close|
||The Woodlands|
||Newport NP20 6QF|
|Trustees:|Nigel Dando|
||Jayne Dando|
||David Harris|
||Joanne O’Dwyer (Secretary)|
||Amanda Petersen|
||Stuart Powell (Resigned 3 December 2024)|
||Andrew Poulsom (Appointed 3 December 2024)|
||Edward Swires-Hennessy (Treasurer)|
||Roy Williams|
|Investment sub-committee|Edward Swires-Hennessy (Treasurer)|
||David Harris|
||Roy Williams|
|Bankers:|Unity Trust Bank Ltd|
||PO Box 7193|
||Planetary Road|
||Willenhall|
||WV1 9DG|
|Solicitors:|Everett, Tomlin, Lloyd and Pratt|
||Pendragon House|
||General Rees Square|
||Cwmbran NP44 1AJ|
|Financial Advisers|Estate Capital Financial Management|
||7 Uplands Crescent,|
||Swansea, South Wales,|
||SA2 0PA.|
3
## **Part Two: Structure and Governance**
The Rehoboth Trust was set up to govern the running of a Christian Residential Home for the Elderly called Rehoboth. The Trust sold the Home in June 2008. Since the sale, the Trust has operated as a grant making trust and continued to be governed by Trustees, functioning according to an amended Trust Deed.
The Trust Deed states that there should be a minimum of four and a maximum of nine Trustees on the Board at any one time. Currently eight trustees serve the Trust. One trustee joined and one resigned during 2024.
New Trustees are appointed when a space becomes available on the board if the remaining Trustees deem this necessary. Should the remaining Trustees deem it necessary to supplement the Trustees, the new appointment is made by a resolution at a meeting of the Board of Trustees, followed by a memorandum executed and appended to the Trust Deed. The process by which this occurs is that:
- suitable candidates are suggested and considered by the Board;
- a shortlist of potential Trustees is drawn up;
- these are voted on by the Board and
- appointed by a Memorandum.
A Trustee appointed by the Board approaches the candidate with the most votes inviting them to consider joining the Board of Trustees. In order to inform their decision, they are given a copy of the Trust Deed, an outline of the role of Trustee as published by the Charity Commission, an indication of the time commitment required and an explanation of the working of the Trust. If this person declines the invitation, the candidate with the next highest number of votes is approached.
Four Trustees’ meetings were held during the year to deal with grant applications and one special meeting was held to consider the sustainability and future of the Trust.
## **Part Three: Objectives and Activities**
The objectives of the Trust, as agreed with the Charity Commission, are:
- a) the advancement of the Christian religion;
- b) the relief of financial hardship, sickness or old age of people who are Christians or have dedicated their life to Christianity through missionary work in particular by the provision of financial assistance or accommodation.
## **Part Four: Financial Review**
Estate Capital Financial Management took over from MHA Caves Ltd as investment advisers to the Trust during the year. The three members of the Investment sub-committee of the Trustees are Authorised Signatories for the investments. Instructions to the Financial Advisors must be signed by two of the Authorised Signatories.
The investment aim is to generate an average return, in the long term, of around 8 per cent per annum with around sixty per cent of the return being disbursed through standard grants. In addition major grants may be given for building works or other major projects.
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The opening value of the invested funds of the Trust in 2024 was £671 thousand. £151 thousand was withdrawn to provide funds for grants. The closing balance was £618 thousand.
During the year a review of the sustainability and future was undertaken. The Trustees took the decision that the Trust should continue for the long term provided sufficient Trustees could be found to replace any who chose to stand down.
The Trustees assessed the charity’s position as a going concern and confirmed this was the case.
## Overview of applications and grants for 2024
## **Grant criteria.**
## A Advancement of the Christian gospel ~~eT~~ B Financial hardship
During 2024 Rehoboth trust considered forty one applications thirty three applications were new and eight were further payments on grants sanctioned in previous years. Thirty eight applications met the criteria twenty nine received grants nine did not. Grants made amounted to £167,718. Three applications were ineligible/rejected and declined. Below is a summary of the grants awarded.
||No|Amount
granted|Criteria|
|---|---|---|---|
|Grants approved and
paid in 2024|18|£144,618|A|
||4|£5,100|B|
|Grants approved in previous years paid in
2024|8|£ 18,000||
|Applications not granted|9|0||
|Ineligible applications|3|0||
|Totalgrants paidin 2024||£167,718||
The Trustees approved the report and accounts for 2024 on 4 March 2025
E Swires-Hennessy, Treasurer, 4 March 2025
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The Rehoboth Trust
Charity Number 516295
Income and Expendlture Accounts. 2024
Income
Investment charges refund
Investments redeemed
Totsl
Ex
endlture
Grants
Miscellaneous
500.00
150,999.99
161.499.99
167,717.81
656.17
168,373.98
-16,873.99
151,499.99
Total
Excess of expenditure
Total
Investment Account 2024
Investment valuation 31.12.23
Investment gainlloss
Investments redeemed
Investment valuation 31.12.24
671,061.28
97,866.96
-150,999.99
617,928.26
Reconclllatlon Account 2024
At31.12.23
Unity Trust Bank
Investment holding
Investment gain
Investments redeemed
Total
At 31.12.2024
Unity Trust Bank
Investment holding
Total
18,781.89
671,061.28
97,866.96
-150,999.99
636,710.14
-16,873.99
619,836.15
2,907.90
617,928.25
620,836.15
1,000.00
619,836.16
**
**
Undrawn cheques
Total
Excess of expenditure
Total
**
Investments held by Quilter
Prepared by Ed Swires-Hennos9y,
Treasurer of Rehoboth Trust on 8 January 2025
Independently Examined by Beverty Rowson on January 2025
(HARITY
Independent examiner's report on the
accounts
Section A
Independent Examiner's Report
Report to the trusteesl
members of
The Rehoboth Trust
On accounts for the year
ended
31 December 2024
Charity no
(if any
516295
Set out on pages
IreTnprnber Io Incliide the psqÈ nurntr8 Df athlhlon713h8etsl
Respectlve The charity's trustees are responsible for the preparation of the accounts.
respon8ibilities of The charity's trustees consider that an audit is not required for this year
trustees and examiner under section 144 of the Charities Act 2011 (the Charities Act) and Ihat an
independent examination is needed.
It is my responsibility to-
examine the accounts under section 145 of the Charities Acl,
to follow the procedures laid down in the general Directions given by the
Charity Commission (under section 145(5}Ib) of the Charities Act, and
to state whether particular matters have come to my attention.
Basls of independent My examination was carried out in accordance with general Directions given
examlner's statement by the Charity Commi88ion. An examination includes a review of thè
accounling records kept by the charity and a comparison of the accounts
presented with those records. It also includes consideration of any unusual
items or disclosures in the accounts, and seeking explanations from the
trustees concerning any such matters. The procedures undertaken do not
provide all the evidence that would be required in an audit, and
consequently no opinion is given as to whether the accounts present a Irue
and fair, view and the report is limited to those matters set out in the
statement below.
Indopond•nt In connection with my examination, no matter has come to my attention
èxaminerfs statsment 1. which gives me reasonable cause to believe that in, any material respect,
the requirements..
to keep accounting records in accordance with section 130 of the
Charities Act,. and
to prepare accounts which accord with the accounting records and
comply with the accounting requirements of the Charities Act
have not been met., or
2. to which, in my opinion. attention should be drawn in order to enable a
proper understanding of the accounts to be reached.
Signed:
Date:
23 January 2024
Name:
Beverly Rowson
Address:
6 Ross Street, Newport NP20 5RD