The Craven Trust
Charity Registration Number 1045419
Trustees’ Annual Report & Financial Statements for the year ended 31st March 2024
Charity accounts preparation & independent examination service
The Craven Trust
(Charity Registration Number 1045419)
| Contents | |
|---|---|
| Index | Page |
| Annual Report of the Trustees | 1 |
| Independent Examiner’s Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Statement of Cashflows | 10 |
| Notes to the Accounts | 11 |
The Craven Trust (Charity Number 1045419)
OS
Report of the trustees for the year ended 31st March 2024
Objectives and Activities
Summary of the purposes of the charity set out in its governing document
To provide financial assistance for such charitable purposes as the trustees in their discretion think fit including for example:
-
the provision of financial assistance to other registered charities, the relief of financial need among people
-
the relief of sickness
-
the advancement of the education of the public
but only within the ancient archdeaconry of Craven in the Bradford diocese which includes Keighley and Craven District.
The Beamsley Trust:
Subject to the payment of expenses, the trust shall apply the income of the Charity in relieving either generally or individually persons who are in conditions of need, hardship or distress by making grants of money or providing or paying for items, services or facilities calculated to reduce the need, hardship or distress of such persons with a preference being given to persons resident in the area of the former Ancient Parish of Beamsley.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts
Trustees address the needs of the widest range of people and communities in its area of benefit by awarding grants to locally based groups whose aims reflect the trust’s objectives. This could for example be through activities that improve people’s health, address social isolation, provide learning opportunities, or enable better access to sports and arts; and improvements to community buildings.
While the Craven Trust primarily focuses on groups and organisations that benefit others, the Beamsley Trust allows trustees to give grants to individuals, enabling them to have a better quality of life through access to support, to services, opportunities and other activities. The Beamsley Trust also gives grants to groups who are particularly working with vulnerable people – of any age or background – who are disadvantaged by disability, poverty, economic circumstances, for example.
The trustees consider that they have complied with their duties to have due regard to the public benefit guidance published by the Charity Commission.
Additional details of objectives and activities
The trustees are supported by a part time administrator who deals with all correspondence, liaises with applicants, co-ordinates trustee meetings, provides reports and enables a central point of access.
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The Craven Trust (Charity Number 1045419)
OS
Report of the trustees for the year ended 31st March 2024
Achievements and Performance
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.
Craven Trust:
The income of the Trust was £11,436 (2022/23 £13,091) reflecting a slightly lower investment income return as investments have been slightly more focused on growth. In this financial year The Craven Trust supported 17 diverse projects with a value of £14,451. The grants ranged from providing disabled toilet and shower facilities, support to two music organisations and a local story telling competition.
Beamsley Trust:
The income of the Trust is higher than last year at £16,219 (2022/23 £10,530) due to a generous £5,000 donation from the Duke of Devonshire’s Charitable Trust (DDCT) and £1,600 from The Craven Trust to support the immediate cash requirements of Beamsley this year. The £5,000 donation from the DDCT has been added to Beamsley Trust Investment Fund. The grant demand of £7,710, turned out to be lower than previous years as no applications from Groups supporting individuals were awarded this year. In total we supported 16 individuals.
Overall:
The volume of applications during the year has continued broadly to be at levels lower than we believe they could be, especially for community projects. However, with the reduced income and lack of investment growth this meant that our finances were not overly stretched. As and when applications increase, we will maintain flexibility about the resources available for grant awards to ensure where possible we support those most in need.
The Trustees continued to utilise a mix of virtual and face-to-face meetings. In April 2024 the trustees agreed an amendment to the constitution to appoint a Chair for three years rather than one. The Chair, Caroline Schwaller, was re-appointed.
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The Craven Trust
(Charity Number 1045419)
Report of the trustees for the year ended 31st March 2024
Financial Review ~~TT~~
Reserves Policy
The Craven Trust fund stands at £415,500 of which £428,306 is invested to provide a continuing income to distribute as grants and due to timing at the year-end £12,806 has been borrowed from the Investment Deposit account.
The Beamsley Trust fund stands at £401,134 of which £418,209 forms the fund invested to provide a return for grants and due to timing at the year-end £17,075 has been borrowed from the Investment Deposit account.
The Trustees agreed on 21st April 2021 to adopt the Charity Commission’s total return Regulations to the Beamsley Trust Endowment Funds and Beamsley Trust Restricted Funds - effective from 1st April 2021. The Beamsley Trust Investment Fund is determined to be £272,877 (2022/23 £267,877 plus £5,000 from DDCT) and at 31st March 2024 the Beamsley Trust Unapplied Total Return was £134,489.
If insufficient suitable applications for grants are received in a year the surplus remains invested for future income generation, however, it is available to be spent on grants in subsequent years.
~~TT~~ Trustees’ responsibilities in relation to the financial statements
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the trustees should follow best practice and:
-
select suitable accounting policies and then apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements;
and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ascertain the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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The Craven Trust (Charity Number 1045419)
OS
Report of the trustees for the year ended 31st March 2024
Structure, governance and management
Description of the charity’s trusts
The Craven Trust
Type of governing document
Trust Deed
How the charity is constituted
An unincorporated charity
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees
Appointed by existing trustees
Additional governance issues
The trustees of The Craven Trust are also trustees of The Beamsley Trust as provided for in The Beamsley Trust’s governing document. The Beamsley Trust is now a linked charity of The Craven Trust. The Beamsley Trust was originally an independent charity and came under the auspices of The Craven Trust in 1999.
Description of the charity’s trusts
The Beamsley Trust
Type of governing document
Charity Commission Scheme
How the charity is constituted
An unincorporated charity
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees
Appointed by The Craven Trust
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The Craven Trust (Charity Number 1045419)
OS
Report of the trustees for the year ended 31st March 2024
Reference and Administration details
Charity’s Full Name:
The Craven Trust
Other names the charity is known by: None
Charity’s principal address: PO Box 126, Skipton, BD23 9FT
Names of the trustees who manage the charity
Trustee name
Office (if any) Dates acted if not whole year
Name of person entitled to appoint trustee
Mr G R Bowring Mr M Lovitt Mrs D Pollitt Mrs C M Schwaller MBE Chair Mr R Templar Treasurer Mrs J Thistlethwaite
Names and addresses of advisors
Type of advisor Name Address Investment Advisor RBC Brewin Dolphin 10 Wellington Pl, Leeds LS1 4AN Independent Examiner Karen Wood ACMA, 2 Gallygap Lane, Osbaldwick, York, YO10 3NR CGMA
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The Craven Trust
(Charity Number 1045419)
Report of the trustees for the year ended 31st March 2024
Declaration
This report was approved by the Board of Trustees
Signed on behalf of the charity’s trustees a
Signature Caroline Schwaller Full Name Chair Position 21 August 2024 Date
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The Craven Trust
(Charity Number 1045419
Independent examiner’s report to the Trustees of The Craven Trust
I report on the accounts of: The Craven Trust For the year ended: 31st March 2024
Which are set out on pages 8-19
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts inaccordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I 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 Trust as required by section 130 of the Act; or
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the accounts do not accord with those records
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
21/08/2024 OO
Karen Wood ACMA, CGMA Date Outsource independent examination service The Hiscox Building Peasholme Green York YO1 7PR
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The Craven Trust
(Charity Number 1045419
| Statement of Financial | Activities for the year ended: | Activities for the year ended: | Activities for the year ended: | Activities for the year ended: | 31st March 2024 | 31st March 2024 |
|---|---|---|---|---|---|---|
| Note | Unrestricted | Restricted | Endowment | 2024 | 2023 | |
| funds | funds | funds | Total | Total | ||
| Income and | £ | £ | £ | £ | £ | |
| endowments from: | ||||||
| Donations and legacies | 3.1 | 556 | 6,600 | - | 7,156 | 557 |
| Charitable activities | 3.2 | 1,402 | - | - | 1,402 | 2,041 |
| Investments | 3.3 | 9,478 | 9,619 | - | 19,097 | 21,023 |
| Total income | 3 | 11,436 | 16,219 | - | 27,655 | 23,621 |
| Expenditure on: | £ | £ | £ | £ | £ | |
| Raising funds | 4.1 | 2,795 | 2,695 | - | 5,490 | 5,428 |
| Charitable activities | 4.2 | 19,045 | 11,600 | - | 30,645 | 28,521 |
| Total expenditure | 4 | 21,840 | 14,295 | - | 36,135 | 33,949 |
| Net incoming/(outgoing) resources before other recognised gains/(losses) |
(10,404) | 1,924 | - | (8,480) | (10,328) | |
| Transfers between funds | 12 | 20 | 3,484 | (3,464) | - | - |
| Gains/(losses) on investment assets |
8 | 29,504 | - | 32,618 | 62,122 | (65,337) |
| Net movement in funds | 19,080 | 5,408 | 29,154 | 53,642 | (75,665) | |
| Total funds brought forward |
400,109 | 824 | 371,980 | 772,913 | 848,578 | |
| Total funds carried forward | 419,189 | 6,232 | 401,134 | 826,555 | 772,913 |
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The Craven Trust
(Charity Number 1045419
| Balance sheet as at: | 31st March 2024 | 31st March 2024 | |
|---|---|---|---|
| Note | 2024 | 2023 | |
| Fixed assets | |||
| Investments - The Craven Trust | 8 | 415,500 | 398,955 |
| Investments - The Beamsley Trust | 9 | 401,134 | 371,980 |
| Total fixed assets | 816,634 | 770,935 | |
| Current assets | |||
| Cash at bank and in hand | 9 | 18,908 | 12,647 |
| Debtors and prepayments | 10 | 657 | 111 |
| Total current assets | 19,565 | 12,758 | |
| Current liabilities: amounts falling due within one year | |||
| Creditors and accruals | 11 | (9,644) | (10,780) |
| Net current assets/(liabilities) | 9,921 | 1,978 | |
| Current liabilities: amounts falling due after more than | |||
| one year | |||
| Creditors and accruals | - | - | |
| Net assets/(liabilities) | 826,555 | 772,913 | |
| Funds of the charity | |||
| Unrestricted Funds (General) | 12 | 419,189 | 400,109 |
| Restricted Funds | 6,232 | 824 | |
| Endowment Funds | 401,134 | 371,980 | |
| Total funds carried forward | 826,555 | 772,913 |
The financial statements were approved by the trustees and signed on their behalf by:
Name: Robert Templar Date: 21 August 2024 Signature: Position: Treasurer
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The Craven Trust
(Charity Number 1045419
| Statement of Cash Flows for the year ended: | 31st March 2024 |
|---|---|
| Note 8 8 9 8 Cash fows from operating activities Working capital changes Net cash provided by/(used in) operating activities Change in cash and cash equivalents in the year Cash fows used in investing activities Cash and cash equivalents at 1 April 2023 Cash from investing activities Cash at bank at 31 March 2023 Cash equivalents at 31 March 2023 Net income/(expenditure) for the year Purchase of investments (Increase)/decrease in debtors (Gains)/losses on investments Sale of investments Cash and cash equivalents at 31 March 2024 Increase/(decrease) in creditors |
Total 2024 Total 2023 53,642 (75,665) (62,122) 65,337 |
| (8,480) (10,328) |
|
| (546) 622 (1,136) 98 |
|
| (10,162) (9,608) |
|
| (235,816) (40,709) 203,859 55,656 |
|
| (31,957) 14,947 |
|
| (42,119) 5,339 31,146 25,807 |
|
| (10,973) 31,146 |
|
| 18,908 12,647 29,881 18,499 |
|
| (10,973) 31,146 |
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The Craven Trust
31st March 2024
(Charity Number 1045419
Notes to the Accounts for the year ended:
1. Basis of preparation
1.1 Basis of accounting
The financial statements are prepared under the historical cost convention and the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (Charities SORP (FRS 102)).
1.2 Change of basis of accounting
There has been no change to the accounting policies (valuation rules and methods of accounting) since last year.
1.3 Change to previous accounts
No changes have been made to accounts for previous years.
2. Accounting policies
Income
Recognition of income
Income is recognised in the Statement of Financial Activities (SoFA) when:
-
the charity becomes entitled to the resources;
-
receipt is probable; and
-
the monetary value can be measured with sufficient reliability.
Incoming resources with related expenditure
Where incoming resources have related expenditure, the incoming resources and related expenditure are reported gross in the SoFA.
Grants and donations
Grants and donations are only included in the SoFA when the charity has evidence of entitlement to the resources and receipt is probable.
Investment income
This is included in the accounts when receivable.
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The Craven Trust
(Charity Number 1045419
Notes to the Accounts for the year ended:
31st March 2024
Expenditure and liabilities
Expenditure
Raising funds
Cost of raising funds comprise those costs associated with attracting voluntary income.
Charitable activities
Charitable activities expenditure comprises those costs incurred by the charity in the delivery of its activities and services. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Liability recognition
Liabilities are recognised as soon as there is a legal or constructive obligation commiting the charity to pay out resources.
Assets
Tangible fixed assets for use by the charity
These are capitalised if they can be used for more than one year and cost at least £750. They are valued at cost or if gifted, at the value to the charity on receipt, less depreciation.
Fund accounting
Unrestricted funds are funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are funds which can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor.
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The Craven Trust
(Charity Number 1045419
Notes to the Accounts for the year ended:
31st March 2024
| 3 | Income and endowments | Income and endowments | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Unrestricted | Restricted | Endowment | Total | ||
| 3.1 | Donations and legacies | funds | funds | funds | 2024 | funds | funds | funds | 2023 |
| £ | £ | £ | £ | £ | £ | £ | £ | ||
| Donations and gifts | 450 | 6,600 | - | 7,050 | 470 | - | - | 470 | |
| Gift aid | 106 | - | - | 106 | 87 | - | - | 87 | |
| Legacies | - | - | - | - | - | - | - | - | |
| 556 | 6,600 | - | 7,156 | 557 | - | - | 557 | ||
| 3.2 | Charitable activities | ||||||||
| Grants returned | 1,402 | - | - | 1,402 | 1,773 | 268 | - | 2,041 | |
| 1,402 | - | - | 1,402 | 1,773 | 268 | - | 2,041 | ||
| 3.3 | Investments | ||||||||
| Unit trusts | 9,287 | 9,441 | - | 18,728 | 10,714 | 10,231 | - | 20,945 | |
| Bank interest | 191 | 178 | - | 369 | 47 | 31 | - | 78 | |
| Other investment income | - | - | - | - | - | - | - | - | |
| 9,478 | 9,619 | - | 19,097 | 10,761 | 10,262 | - | 21,023 | ||
| Total income | 11,436 | 16,219 | - | 27,655 | 13,091 | 10,530 | - | 23,621 |
4 Expenditure
| Total expenditure Charitable activities Raising funds Investment management fees Grants awarded Staff salaries Publicity and website Insurance Offce & IT costs Sundry expenses Meeting costs Independent examination 4.1 4.2 |
Unrestricted funds Restricted funds Endowment funds Total 2024 Unrestricted funds Restricted funds Endowment funds Total 2023 £ £ £ £ £ £ £ £ 2,795 2,695 - 5,490 2,801 2,627 - 5,428 2,795 2,695 - 5,490 2,801 2,627 - 5,428 14,451 7,170 - 21,621 9,764 10,194 - 19,958 3,040 3,040 - 6,080 2,640 2,640 - 5,280 94 94 - 188 93 93 - 186 119 119 - 238 119 119 - 238 605 605 - 1,210 917 917 - 1,834 249 315 - 564 112 115 - 227 7 7 - 14 44 44 - 88 480 250 - 730 470 240 - 710 |
|---|---|
| 19,045 11,600 - 30,645 14,159 14,362 - 28,521 |
|
| 21,840 14,295 - 36,135 16,960 16,989 - 33,949 |
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The Craven Trust
(Charity Number 1045419
Notes to the Accounts for the year ended:
31st March 2024
5 Expenses and fees
No trustees received a remuneration for services rendered during the year, nor were any trustees’ out of pocket expenses reimbursed.
5.1 Fees for examination of the accounts
| Fees for examination of the accounts Independent Examiner’s fees 5.1 6 Staff costs and emoluments Employers National Insurance Gross salaries Pension Contributions Average number of employees (full time equivalent) |
Total 2024 Total 2023 £ £ |
|---|---|
| 730 710 |
|
| Total 2024 Total 2023 £ £ 5,960 5,160 - - 120 120 |
|
| 6,080 5,280 |
|
| 0.2 0.2 |
No employee recieved remuneration in excess of £60,000 (2023: Nil)
7 Grantmaking
| Purpose for which grants made Various as detailed below (7.3) Individuals in need or Hardship Total Total value of grants Grantmaking costs Support costs of grantmaking 7.1 7.2 |
Grants to organisations Grants to individuals £ £ 14,451 - - 7,170 |
|---|---|
| 14,451 7,170 |
|
| Nil £ |
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The Craven Trust
(Charity Number 1045419
Notes to the Accounts for the year ended:
31st March 2024
7.3 Grants made to organisations
| Purpose Improving access Re-opening project CCTV Gazebo Storage Containers Disabled toilet & shower facility Storytelling Competition Printing Costs To cover Applications Gazebo Kitchenware Christmas Dinner for Clients Kitchen Toilet Project Contribution to music festival costs Contribution to engagement cost Heaters Kitchen reft Purpose Name of organisation Grants made by The Craven Trust Haworth Central Park Bowling Club Sedbergh Booktown Literary Trust Wilsden Community Company Friends of Cross Roads Park Silsden AFC Juniors Sandylands Sports Centre Settle Stories Grant via NYCC Beamsley Trust Dementia Forward Low Bentham Public Hall & Victoria Institute Craven Open Door St Michael and All Angels Sedbergh Music Festival Leodis Consort Craven Arts Skipton Community Sports Hub Name of organisation Grants made by The Beamsley Trust |
Total Paid £ 500 500 792 300 500 750 750 1,018 1,600 290 1,000 250 1,000 1,250 1,250 1,200 1,500 |
|---|---|
| 14,451 | |
| Total Paid £ |
| Total Grants to organisations | 0 |
|---|---|
| 14,451 |
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The Craven Trust
(Charity Number 1045419
| Notes to the Accounts for the year ended: | 31st March 2024 |
|---|---|
| 8. Investment Assets |
| 9. Cash at bank and in hand CAF cash account CAF gold account Nat West current account Petty Cash Carrying (fair) value at beginning of year Add: additions to investments at cost Less: disposals at carrying value Less investment management costs Add dividends not yet paid over Deduct transfer out in the period Add/(deduct): net gain/(loss) on revaluation Carrying (fair) value at end of year Comprising: Cash at cost Investments at fair value |
Craven Trust Beamsley Trust Cash & cash equivalents At cost Listed investments At fair value Cash & cash equivalents At cost Listed investments At fair value £ £ £ £ 4,858 394,097 13,641 358,339 72,024 76,729 131,835 159,087 (76,729) (72,024) (159,087) (131,835) (2,795) - (2,670) - (164) - (794) - (10,000) - - - - 29,504 - 32,618 |
Total £ 770,935 439,675 (439,675) (5,465) (958) (10,000) 62,122 |
|---|---|---|
| (12,806) 428,306 (17,075) 418,209 |
816,634 | |
| The Craven Trust The Beamsley Trust Restricted The Beamsley Trust Endowment Total 2024 Total 2023 1,883 295 - 2,178 1,592 8,058 8,116 - 16,174 9,080 534 - - 534 1,947 22 - - 22 28 10,497 8,411 - 18,908 12,647 (29,881) 846,515 816,634 |
9. Cash at bank and in hand
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The Craven Trust
(Charity Number 1045419
| Notes to the Accounts for the year ended: | 31st March 2024 |
|---|---|
| Debtors Debtors and prepayments Gift Aid claims outstanding Advance held by CPA 10. Debtors & prepayments |
2024 2023 £ £ 299 - 106 111 252 - |
| 657 111 |
| Analysis of creditors falling due within one year Grants to be paid - The Craven Trust Accruals - The Craven Trust Grants to be paid - The Beamsley Trust Accruals - The Beamsley Trust 11. Creditors and accruals |
2024 2023 £ £ 7,200 6,672 - 1,684 1,499 1,514 945 910 |
|---|---|
| 9,644 10,780 |
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The Craven Trust
(Charity Number 1045419
Notes to the Accounts for the year ended:
31st March 2024
12. Movement of funds
12.1 Movement of major funds
| 2024 2023 Fund name Unrestricted funds Craven Trust Restricted funds Beamsley Trust Endowment funds Beamsley Trust Total funds Fund name Unrestricted funds Craven Trust Restricted funds Beamsley Trust Endowment funds Beamsley Trust Total funds |
Balance b/ fwd Incoming resources Outgoing resources Transfers Gain/loss on invest Balance c/ fwd £ £ £ £ £ £ 400,109 11,436 21,840 (20) 29,504 419,189 824 16,219 14,295 3,484 - 6,232 371,980 - - (3,464) 32,618 401,134 |
|---|---|
| 772,913 27,655 36,135 - 62,122 826,555 |
|
| Balance b/ fwd Incoming resources Outgoing resources Transfers Gain/loss on invest Balance c/ fwd £ £ £ £ £ £ 439,041 13,091 16,960 - (35,063) 400,109 6,274 10,530 16,989 1,009 - 824 403,263 - - (1,009) (30,274) 371,980 |
|
| 848,578 23,621 33,949 - (65,337) 772,913 |
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The Craven Trust
(Charity Number 1045419
Notes to the Accounts for the year ended:
31st March 2024
12.2 Details of Funds Held
Unrestricted Funds (General)
The General fund is unrestricted and available for general purposes.
Restricted Funds
The restricted funds are only available for the purposes specified for each fund, which are:
The Beamsley Trust
Funds to be used for the objectives of the linked charity
Endowment Funds
This fund is administered on a Total Return Basis and allocations from the Unapplied Total Return are utilised under restricted funds
13. Net assets between funds
| Unrestricted Funds | Restricted Funds | Endowment Funds | Total 2024 | |
|---|---|---|---|---|
| Balance at 31st March 2024 | £ | £ | £ | £ |
| Fixed assets | 415,500 | - | 401,134 | 816,634 |
| Current assets | 8,335 | 11,230 | - | 19,565 |
| Current liabilities | (4,646) | (4,998) | - | (9,644) |
| 419,189 | 6,232 | 401,134 | 826,555 | |
| Balance at 31st March 2023 | ||||
| Fixed assets | 398,955 | - | 371,980 | 770,935 |
| Current assets | 9,340 | 3,418 | - | 12,758 |
| Current liabilities | (8,186) | (2,594) | - | (10,780) |
| 400,109 | 824 | 371,980 | 772,913 |
14. Additional disclosures
The trustees of the Craven Trust are also trustees of the Beamsley Trust and administration costs are split evenly between the two trusts.
The two trusts are linked, with the Craven Trust being the reporting charity. The Beamsley Trust is reported as an Endowment and Restricted fund of The Craven Trust.
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