Holbeach United Charity
Statement of Accounts for the year ended 30" June 2024
| Unrestricted | funds | Endowment funds | |
|---|---|---|---|
| 2024 | 2023 | ||
| Income&endowments from: | |||
| Rentfrom land | 868 | 1298 | |
| Wayleaves | 35 | 35 | |
| Bank interest | 513 | 151 | |
| Dividends | 26484 | 25971 | |
| Business Forum donation | - | ||
| Total income | 27900 | 27455 | |
| Expenditure on: | |||
| Grants paid | 26345 | 21728 | |
| “Private Road” sign | 22 | ||
| Clerk’s salary (M. Griffin) | 1500 | 1500 | |
| Bank charges | - | - | |
| Accountancy (Mark Rose) | 180 | 180 | |
| Total expenditure | 28025 | 23430 | |
| Net income beforegains(losses) | |||
| on investments | (125) | 4025 | |
| Unrestrictedfunds broughtforward | 40743 | 36718 | 784660 |
| Balance ofexpenditure/income | (125) | 4025 | |
| Profit (loss) on valuation | 25578 | ||
| Funds carriedforward | 40618 | 810238 | |
| Financed by: | |||
| Barclays Business Premium account | 39937 | ||
| Barclays Community account | 681 | ||
| 40618 |
Statement of net assets
at 30 June 2024
| Fixed assets | |
|---|---|
| Endowment fund | |
| Freehold land | 26000 |
| Investments | 810238 |
| 836238 | |
| Financed by | |
| Investments | |
| Black Rock | 646367 |
| COIF | 163871 |
| Land | 26000 |
| 836238 |
Independent Examiners statement
| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
Accounting records were not kept in respect of the Charity as required by section 130 of the Act:
-
The accounts do not accord with those records.
| have no concerns and have come across no other matters in c ctiormwith the examination to which attention should be drawn in this report in order to eflable a proper ynderstanding of the accounts to be reached. \ ad ; Mark Rose FFA, Foresters Hall, High Street, Long Sutton, Lincs P#12 9DB .
These accounts were approved by trustees onins day of c ELIAS 2024
- Signed f g Hou Krk Signed Hi Laeale— Trustee Trustee
Holbeach United Charity
Annual Report for the year to 30° June 2024
The Trustees present the annual report and accounts for the year ended 30/6/2024.
Constitution. Holbeach United Charity is constituted by the Charity Commission under registered number 1042755. it is governed by a scheme sealed on 11" December 1989.
Correspondent and correspondence address. The Clerk to the Charity is Mr M.J.H. Griffin and the correspondence address for the Charity is 39 Church Street, Warmington, Peterborough PES 6TE.
Trustees. The body of trustees shall consist of one ex-officio trustee, two nominated trustees and four co-opted trustees when complete. The co-opted trustees shall be persons who through residence, occupation or employment or otherwise have special knowledge of the parish of Holbeach. The ex-officio trustee shall be the incumbent for the time being of the present benefice of Holbeach. The nominated trustees shall be appointed by Holbeach Parish Council but need not be members of that Council. Three trustees are required to form a quorum. Every matter shall be determined by the majority of votes of the trustees present and voting on the matter. There are currently six trustees comprising the two nominated trustees, three co-opted trustees and the exofficio trustee. The Charity Scheme was amended in July 2022 to widen the job description of the exofficio trustee from the “incumbent” of the benefice of Holbeach” to “the vicar of the benefice of Holbeach”.
Objects. The object of the Charity is to relieve either generally or individually persons resident in the area of benefit who are in conditions of need, hardship and distress by making grants of money or providing or paying for items, services or facilities calculated to reduce the need, hardship and distress of such persons in the parish of Holbeach and the surrounding areas.
Public benefit. The Trustees have given due regard to the guidance of the Charity Commission on public benefit and this is reflected in the range of people and local organisations who benefit from the grant making policy of the Charity.
Review of activities. Trustees have continued to implement a plan of providing on the one hand for individuals in need, usually referred by other charities and organisations and on the other hand fulfilling a more general need for assistance and advice in the local area by providing grants to organisations to enable them to provide these services. Grants totalling £26345 were distributed during the year.
Reserves Policy. The endowment funds of the Charity comprise its main source of income together with 2 small parcels of agricultural land. In addition the Charity has accrued money asa result of income exceeding expenditure in past years. For several years Trustees have been consciously reducing that excess and their aim is to continue to do this whilst retaining a small reserve to cover unexpected costs. Trustees believe a reserve of £10,000 should be sufficient and propose to reduce the non-endowment moneys to this level over time.
f - , a Chairman of Trustees d SHow Kut
==> picture [116 x 8] intentionally omitted <==
----- Start of picture text -----
f - , a in
----- End of picture text -----
EE*CO ~ | ee -_ oos '’ | | CHARITY COMMISSION Independent examiner's FOR ENGLAND AND WALES report on the accounts
Section A
==> picture [165 x 19] intentionally omitted <==
----- Start of picture text -----
Independent Examiner’s Report
----- End of picture text -----
==> picture [519 x 194] intentionally omitted <==
----- Start of picture text -----
/
Report to the trustees/ | \3 J |
members of |HOLBEACH UNITED CMUARUTT |
On accounts for theended|year 2O JUNE. - ~20Zz 2u Charity(ifany)no |) 'O¥ZTSS—
Set out on pages STATEMENT OF ACCOUNTS “RO STATEMENT
OFASSETS SO June 22h ’ '
charity| report (“theto theTrust”)trusteesfor theon my yearexamination ended 2 offoe}the accountsao of the above
Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation
basis of report of the accounts in accordance with the requirements of the Charities Act
2011 (“the Act’).
----- End of picture text -----*
| report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, | have followed th : applicable Directions given by the Charity Commission under section 14 3(5)(b) of the Act. Independent | have completec my examination. | confirm that no material matters have examiner's statement come to my atte! tion (ethertharthatdiselesed-belew—") in connection with the examination vhich gives me cause to believe that in, any material respect: e¢ accountin ' records were not kept in accordance with section 130 of the Act or e the accouits do not accord with the accounting records
==> picture [513 x 226] intentionally omitted <==
----- Start of picture text -----
| have no concer1s and have come across no other matters in connection
with the examinetion to which attention should be drawn in order to enable a
proper understar ding of the accounts to be reached.
Please delete t1e words in the brackets if they do not apply.
Signed: 7, Date: 2'/2u
Name: |MAGK PRoSEnn _ - _
Relevant professional |FELLOW CF THE I STITUTE |
qualification(s) or body joF Fi kK C1AL NccCOUNITANES. |
(if any):
Address: |LONGFa Re STER2§ WALL, G&G WIGH ST REET, —
SUTTON, SPALDING. LINCOLNSHIRE,
PEIN AD Boo
----- End of picture text -----
IER
1
October 2018