Colonel William Llewellen Palmer Educational Chari Annual Re ort of the Trustee for the Year Ended 31 March 2025 Charity registration number: 1015681 Trustee Name" Bradford on Avon Town Council Bankers: Lloyds Bank plc Independent Examiners: Charlton Baker Chartered Accountants Address: Kingston House Offices Kingston Road Bradford on Avon BA15 1ES Trustees, Annual Re ort Bradford on Avon Town Council is the sole trustee of the Charity and is required by the Charity Commission to produce an annual report. The Town Council, as the trustee of the Charity, has arranged for its day to day administration to be delegated to town council officers. The approval of annual reports on the activity of the Charity and on investment matters, together with any contentious policy issues, are dealt with by the Full Town Council, following advice and or recommendations from the advisory panel. structure Governance & Mana ement The Charity was established from the sale of land at Sladesbrook, Bradford on Avon, Wiltshire, for a price of £800,000. It was confirmed as operative by the Charity Commission on 11 June 1992. The land sold was part of an area of land that was the subject of a bequest to Wiltshire County Council by Colonel William Llewellen Palmer in 1931. The Charity retains ownership of the remaining land at a site one mile to the north of the town centre, which constitutes a recreation ground and allotments. In the spirit of Colonel Llewellen Palmer's original bequest, the Charity is for the benefit of children and young persons up to the age of 25 attending, or who have attended, schools in Bradford on Avon, and for the provision of recreational facilities for the same age group in the town. The first call on the income of the Charity, however, is the cost of maintaining the Charity's property.
Mana ement of the Recreation Ground and Allotments The allotments and recreation ground are administered and maintained by the Town Council under a Service Level Agreement with the Charity. Distribution of Awards to Beneficiaries Any income of the Charity not applied to the maintenance of the Charity's property and the cost of administration and management is available in the following order of priority, as required by the Charitable Scheme: In promoting the education of children and young persons attending schools maintained by the local authority in Bradford on Avon. In promoting the education of children and young persons under the age of 25 who have attended such schools or who are resident in Bradford on Avon and who are in need of financial assistance. iii. In or towards providing facilities in the interests of social welfare for the recreation and other leisure-time occupation of children and young persons under the age of 25 resident in Bradford on Avon with the object of improving their conditions of life. Applications are invited from individuals and organisations who wish to pursue activities that will achieve the charities objectives. All applications are reviewed by the trustee to ensure that the objectives are met. Risk Mana ement The Trustee has considered the major risks to which the charity is exposed to and created a risk register which is available on request. Systems have been designed to mitigate those risks. Ob'ectives and Activities The objects of the charity (which are taken from the trust deed) are: The land belonging to the Charity to be used as a recreation ground for the benefit of the inhabitants of Bradford on Avon with the object of improving the conditions of life for the said inhabitants Promoting the education of children and young persons attending schools maintained by the Local Education Authority and Academy Status schools in Bradford on Avon. In promoting the education of children and young persons under the age of 25 who have attended such schools or who are resident in Bradford on Avon and who are in need of financial assistance.
In or towards providing facilities in the interest of social welfare for the recreation and other leisure time occupation of children and young persons under the age of 25 resident in Bradford on Avon with the object of improving their conditions of life. The main activities of the Chartty during the year have been the continuing management of the grounds and allotments. How our Activities Deliver Public Benefit Briefly the aims of the Charity are to provide a recreation ground for the benefit of the inhabitants of Bradford on Avon and to promote the education of children and young persons (for full details see objectives above). To fulfil these aims and its charitable purpose for public benefit: The recreation ground continued to be maintained by the charity and used by local inhabitants. The allotments continue to be managed and made available to local residents. A nominal rental charge of £0.50 per square metre per year is requested per plot. An investment strategy is in place to provide an adequate level of income to make grants each year. Letters of Thanks The Charity is an invaluable source of funding for the children and young people of Bradford on Avon and the Council holds on file letters of thanks received from many beneficiaries. Statement The Trustee has complied with the duty in section 4 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission. Achievements & Performance ments to Beneficiaries In total during the year £29,15066 was awarded to 4 applications.
A summary of the approved awards is set out in the notes to the financial statements. Im rovements & Maintenance During the year, the Charity undertook maintenance tasks including playground equipment repairs, as identified by inspection reports. The general maintenance and administration tasks were undertaken within the service level agreement, and included projects to improve ecological and environmental impacts. During the year the maintenance of allotments was revisited and a number of abandoned plots were identified. The trustee, under the SLA, started work to rectify this situation. Financial Review The financial position of the Charity for the year is shown in the financial statements. Expenditure for the year totalled £77,443. Income was £116,427 and is mainly being derived from investments. Investments held as of 31 March 2025 are detailed in the notes to the accounts, these being valued at £2.173 million at that date. There was an increase of £78k in the market value of the investments since last year end. Investments are held for the longer temi and fluctuations do occur. The investments are held to generate income for the ongoing costs of the charity, and it is important to note the return on investments for 202412025 was £113,061 compared to £61,851 in 202312024. Reserves Polic The Charity is a permanent endowment trust whereby the income is used in the furtherance of its objectives. Unrestricted funds are needed: to provide funds which can be designated to specific projects to enable these projects to be undertaken at short notice; and to cover administration and support costs without which the charity could not function. The Trustee therefore considers it prudent that unrestricted resenies should be sufficient to cover one year's administration and support costs, including the cost of maintaining the Charity's property. The Trustee prepares a budget each year which determines the level of awards to be made in that year based on forecast income. During the budget process the level of reserves will be reviewed to ensure that the reserves policy is being adhered to.
Inde endent Examination The Charity's accounts are maintained by the Town Council and are subject to an external independent examiner for scrutiny. Other Information Any comments on this report or on the activities of the Charity generally should be addressed to the Colonel William Llewellen Palmer Educational Charity, Bradford on Avon Town Council, Kingston House Offices, Kingston Road, Bradford on Avon Wiltshire BA15 1 ES ON BEHALF OF BR THE CHARITY FORD ON A VON TOWN COUNCIL TRUSTEE TO 17 December 2025 DATE
Colonel William Llewellen Palmer Educational Charity Financial Statements Year Ended 31 March 2025 Charity No 1015681
Colonel William Llewellen Palmer Educational Charity Charity No 1015681 Receipts & Payments Account for the financial year ended 31 March 2025 Unrestricted Funds 2024125 2023124 Note Receipts Investment Income Allotment Income Deposits on Allotments Allotment Deposit Surrendered Other Income 113,061 2,092 1,200 350 75 61,851 2,148 50 Total Receipts 116,777 64,049 Payments Payment to Beneficiaries Playing Field Site Contract Play Area Maintenance Grounds Maintenance Allotment Maintenan Independent Examination Fee BOATC SLA Refund of Allotment Deposits Bank Charges Insurances Legal Fees Postage 29,150 23,321 6,305 8,831 9,704 1,131 20,000 50 163 1,986 120 249 495 435 28,000 50 207 1,499 Total Payments 77,443 54,256 Net of Receiptsl(Payments) Transfer between accounts Cash Funds Last Year End 39,334 9,794 91,116 81,322 Cash Funds This Year End 130,450 91,116
Colonel William Llewellen Palmer Educational Charity Charity No 1015681 Statement of Assets & Liabilities As at year ended 31 March 2025 Assets 2024125 2023124 Note Cash Funds Lloyds Bank (BOATC 5863C668) Cash in Hand 143,500 94,630 Of which restricted for.. Project A.. Play Area Improvements Project B.. Repairs to BoundarylRetaining Wall 70,000 20,000 53,500 94,674 Fund to which it belongs Investment Assets 2024125 Market Value 2023124 Market Value Investments 130.386.102 Charishare Income (Black Rock) Endowment 196.131.9954 SUTL Cazenove Charity Equity Value Fund Endowment 202.698.79 COIF Charities Fixed Interest Income Endowment 989,076 928,489 255,725 951,058 894,558 249,259 Property 3.4 Acre Recreation Ground 3.1 Acre Allotments 28,750 28,750 2,202,041 2,123,625 Debtors VAT 9,841 2,202,041 2,133,466 Liabilities Allotment Deposits Independent Examiners Fee Invoices dated 31 March 2025 or earlier 3,050 525 2,250 500 3,575 2,750
Colonel William Llewellen Palmer Educational Charity Charity No 1015681 Notes to the Financial Statements for the financial year ended 31 March 2025 These accounts have been prepared on a receipts and payments basis, using standard accounting principles as recommended in the Statement of Recommended Practice by the Chairites Commission. Payments to beneficiaries include.. Groups 29,150 TOTAL GRANTS GIVEN IN 2024125 29,150 Bradford on Avon Town Council as the Trustee, has entered into a servi Level Agreement with the Charity to provide all management. administrative, accountancy and operational tasks. There are no employees. The charity owns a recreation ground of 3.4 acres and allotments covering 3.1 acres at Sladesbrook and Bancroft, Bradford on Avon. An independent valuation was made by GVA of Bristol as at 31 March 2014, where the recreation ground was valued at £1 and the allotments at £28750.
Colonel William Llewellen Palmer Educational Charity Charity No 1015681 Notes to the Financial Statements for the financial year ended 31 March 2025 Details of Investments held as at 31 March 2025 Book Cost Market Value 130.386.102 BLK Charities UK Equity Fund A Inc 196.131.9954 SUTL Cazenove Charity Equity Value Fund A 202.698.79 COIF Fixed Interest Fund Income Units 428,464 410,465 273.643 989,076 928,489 255,725 Total 1,112,572 2,173,290 Valuation sour.. BlackRock, Schroders & CCLA Movements in Investments in year Book Cost Cost as at 1 April 2024 Add Purchases Less Sales at Cost Cost as at 31 March 2025 1,112,572 1,112,572 Market Value Value as at 1 April 2024 Add Purchases Add Net Unrealised ProfiU(Loss) Value as at 31 March 2025 2,094,874 78,416 2,173,290 Restricted Funds The trustee has chosen to restrict funds in year for 2 specific projects. Project A: The play area equipment has been repaired on numerous occassions but is in need of replacement and further repair. Project B= The reatianing wall at the lower end of the allotment site nearest the carriageway will need repair in the near future.
INDEPENDENT E OF COLONEL WILLIAM LLEWELLEN PALMER EDUCATIONAL CHARITY
I report on the accounts of the Charity for the year ended 31[st] March 2025, which have been presented to me.
Respective responsibilities of trustee and examiner
you are responsible for the preparation of the accounts trustee considers that an audit is not required for this year under section 144 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
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Examine the accounts under section 145 of the 2011 Act;
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To follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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To state whether particular matters have come to my attention.
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting 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 you as trustee 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 set out in the statement below.
In connection with my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 130 of the 2011 Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
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have not been met; or
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(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Mr Luke Rudman
Charlton Baker Limited Chartered Accountants The Courtyard 33 Duke Street Trowbridge Wiltshire BA14 8EA
Date: 24.02.2026