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: 

- Examine the accounts under section 145 of the 2011 Act; 

- 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 

- 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: 

- (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 2011 Act; and 

   - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 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. 

Mr Luke Rudman 

Charlton Baker Limited Chartered Accountants The Courtyard 33 Duke Street Trowbridge Wiltshire BA14 8EA 

Date: 24.02.2026