## **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.
1
**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.
2
**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.
3
**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
4
**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
5
**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**
6
**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:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; **or**
2. the accounts do not accord with those records
3. 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
7
## **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**|
8
## **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
9
**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**|
10
**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.
11
**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.
12
**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**|
13
## **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**
£|
14
**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**|
15
**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**
16
**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**|
18
**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.
19