THE BAYFIELD CHARITABLE TRUST
FINANCIAL STATEMENTS
YEAR ENDED 5 APRIL 2025
1022473
FROST & WILLAN caartTerep ACCOUNTANTS
THE BAYFIELD CHARITABLE TRUST
INDEX
Year Ended 5 April 2025
| Page | |
|---|---|
| Annuai Report | 2-3 |
| Independent examiner's report | 4 |
| Receipts and payments accounts: | 5 |
| Statement of assets and liabilities | 6 |
| Notestothefinancialstatements | 7-8 |
2
THE BAYFIELD CHARITABLE TRUST
ANNUAL REPORT
Year Ended 5 April 2025
| Reference and administrative details | ||
|---|---|---|
| Registered charity number | 1022473 | |
| Trustees | Sir Euan A-G-Calthorpe, Bt. | |
| Sir Charles Nicholson, Bt. | ||
| T P Barrow Esq | ||
| Principal office | The Eivetham Estate Office | |
| HartleyWintney | ||
| Hampshire | ||
| RG27 8AW | ||
| Secretary | MrsA Parr | retired 15/10/2024 |
| The Elvetham Estate Office | ||
| HartleyWintney | ||
| Hampshire | ||
| RG27 8AW | ||
| Bankers | Lloyds Bank Plc | |
| 174 Fleet Road | ||
| Fleet | ||
| Hampshire | ||
| GU13 8DD | ||
| Independent examiner | D C MellorACACTA | |
| Dixon Wilson | ||
| 22 Chancery Lane | ||
| London | ||
| WC2A 1LS | ||
| Investment advisors | Black Rock Investment Management (UK) Limited | |
| {2 Throgmorton Avenue | ||
| Drapers Gardens | ||
| London | ||
| EC2N 2DL. | ||
| Accountants | Frost& Willan Accounting Ltd | |
| The Old Post Office | ||
| High Street | ||
| HartleyWintney | ||
| Hook | ||
| Hampshire | ||
| RG278NZ |
3
THE BAYFIELD CHARITABLE TRUST
ANNUAL REPORT
Year Ended 5 April 2025
Structure Governance and Management
The Trust was created by a deed dated 20 May 1993 under which the settlor paid £100 to the Trustees. New Trustees are recommended by the Settlor, and their appointment is considered by the current Trustees.
Objectives and Activities
The income and capital of the Trust is held by the Trustees for such charitable purposes as they think fit.
The object of the Trust is fo make donations to any charitable body, association or organisation at the discretion of the Trustees. The Trustees, having regard to the public benefit guidance published by the Charity Commission in accordance with section 17 of the Charities Act 2011, consider that the purpose and activities of the Trust satisfy the requirements of the public benefit test set out in section 4 of the same act.
Achievements and Performance
Since the creation of the settlement and up to 5 April 2024 a further £1,601 ,433 net had been gifted to the Trust.
An additional £30,425 was gifted to the Trust on 10 April 2024, 10 July 2024, 10 October 2024 and 10 January 2025. And £50,000 was gifted on 10 January 2025.
In total an additional £171,700 was gifted during the year (2024 - £205,040).
In the year to 5 April 2025 donations totalled £99,078 (2024 - £194,000). All donations are made to UK registered charities, including churches and charities providing assistance for individuals in need.
Financial Review
The accounts have been prepared on a receipts and payments basis.
The Trustees' policy is to distribute all income as soon as practical after its receipt.
Reserves Policy
The Trust was created in 1993 with a fund intended to provide a regular level of income which could be distributed for a wide varitey of charitable purposes. Since the creation of the settlement further gifts have been made to the Trust to increase the fund and the level of income available to be distributed for charitable purposes.
It is the Trustees’ policy not to retain reserves of income as the Trust's overheads are low and the donations that are made vary according to the level of income generated. As such no reserves of income are required to ensure the Trust's continued operations.
The Trust Deed authorises the Trustees to invest the Trust's funds in any investment assets as the Trustees see fit.
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For and on behalf of the Trustees
Beck do go —
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SIR EUAN A-G-CALTHORPE, Bt.
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LQ. Maighy 20245
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Date
19 May 2025
THE BAYFIELD CHARITABLE TRUST
5
RECEIPTS AND PAYMENTS ACCOUNT
Year Ended 5 April 2025
| Note | 2025 | 2024 | ||
|---|---|---|---|---|
| £ | £ | |||
| income receipts | ||||
| Investment income: | ||||
| Dividends | 1 | 78,258 | 75,386 | |
| Other receipts | ||||
| Donations to expendable | endowment | 171,700 | 205,040 | |
| Gift aid | 42,090 | 50,780 | ||
| 213,790 | 255,820 | |||
| Total receipts forthe year | 292,048 | 331,206 | ||
| Deduct charitable expenditure | ||||
| Donations | 99,078 | 194,000 | ||
| Other expenditure | ||||
| Transfer to investments | 120,000 | 100,000 | ||
| Administration expenses | 2 | 1,489 | 1,585 | |
| 220,567 | 295,585 | |||
| Net receipts forthe year | 71,481 | 35,621 | ||
| Cash balance at | - 5 April 2024 | 121,756 | 86,135 | |
| ~5April2025 | 193,237 | 121,756 |
6
THE BAYFIELD SHARIA TRUST STATEMENT OF ASSETS AND LIABILITIES
Year Ended 5 April 2025
| Year Ended 5 AprilApril 2025 | Year Ended 5 AprilApril 2025 | Year Ended 5 AprilApril 2025 | Year Ended 5 AprilApril 2025 | Year Ended 5 AprilApril 2025 | Year Ended 5 AprilApril 2025 | Year Ended 5 AprilApril 2025 | Year Ended 5 AprilApril 2025 |
|---|---|---|---|---|---|---|---|
| rep ee |
|||||||
| Note | 2025 | 2024 | |||||
| £ | £ | ||||||
| Cash funds | a | ||||||
| Bankbalance | 493,237 | 121,756 | |||||
| 193,237 | 121,756 | ||||||
| Investments assets | |||||||
| Investments atmarketvalue | 4 | 2,279,888 | 2,109,910 | ||||
| , | |||||||
| 2,473,125 | |||||||
| Liabilities | |||||||
| Professionalfees | 3 | (1,043) | (999) | ||||
| Total assets less liabilities | 2,472,082 | 2,230,667 | |||||
| Weapprovetheseaccounts. SIREUANA-G-CALTHORPE, Trustee |
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| SIRCHARLES NICHOLSON, | Bt. | ||||||
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| TPBARROWESQ Trustee |
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THE BAYFIELD CHARITABLE TRUST
8
NOTES TO THE FINANCIAL STATEMENTS
Year Ended 5 April 2025
| 2. Administration expenses |
2025 | 2024 |
|---|---|---|
| £ | £ | |
| Accountancy fees paid as follows: | ||
| ~- Independent Examination (Dixon Wilson) | 504 | 490 |
| - Accountancy (Frost& Willan) | 290 | 275 |
| 794 | 765 | |
| Bookkeeping (Frost& Willan) | 695 | 820 |
| 1,489 | 1,585 | |
| 3. Liabilities |
||
| ~ Income Account | ||
| Professionalfees(Accountancyandindependentexamination) | 1,043 | 999 |
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