The Eleanor Creeke Charitable Settlement FINANCIAL STATEMENTS FOR THE YEAR ENDED
S APRIL 2025
Stephen Hill Mid Kent Ltd Chartered Accountants
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The Eleanor Creeke Charitable Settlement
TRUSTEES’ REPORT
The Trustees present their report and the financial accounts for the year ended 5 April 2025.
STATUS AND ADMINISTRATION
The Settlement was inaugurated by a deed of Settlement dated 7 October 1996, following directions contained in the Will of the late Mrs Sarah Eleanor Creeke, who died on 14 December 1995. The Founder of the Settlement was Miss J M Creeke, who is entitled to appoint new Trustees.
By her Will Mrs SE Creeke allocated £300,000, the capital and income from which was to be used for charitable purposes, at the discretion of her Trustees. The Trustees conduct no trading. The Trust is a registered Charity (Charity Number 1059175).
The Trustees appointed under the Will of Mrs S E Creeke & subsequently appointed, & who have served during the year were:
Julia Mary Creeke Timothy Norman Bramham Lister FCA
Chairperson Secretary & Treasurer
Clare Lucinda Christine Muir Michael Young Anthony Charles Bramham Lister
OBJECTIVES
The settlement deed of the trust gives the Trustees absolute power to distribute both the income and capital of the trust for such charitable purposes as they, in their absolute discretion think fit.
INVESTMENT POWERS & POLICY
The investment policy followed by the Trustees on the advice of stockbrokers has been to invest in fixed interest stocks and good-class equities in order to generate reasonable income and provide capital appreciation.
ADVISORS:-
Stockbrokers Vermeer Partners, 130 Jermyn Street, London SWI1Y 4UR. Bankers Barclays Bank Plc., 19 High Street, Ascot, Berks. SL5 7JG Solicitors Nash & Co., Beaumont House, Beaumont Park, Plymouth, Devon PL4 9BD
The Eleanor Creeke Charitable Settlement
TRUSTEES’ REPORT (continued)
REVIEW FOR THE YEAR ENDED 5 APRIL 2025
The format of the financial statements complies with Statement of Recommended Practice “Accounting & Reporting by Charities” issued by the Charity Commissioners as applicable to small charities. The Receipts & Payments form of Reporting was adopted by the Trustees of this Settlement.
The Income of this Charity and Grants to other Charities are shown in the attached accounts for the year ended 5 April 2025, and the Statement of Assets & Liabilities at 5 April 2025 is attached.
The Trustees’ policy is principally to use the income (and when they consider it desirable parts of the capital) of the Trust Fund for charitable purposes. The Trustees meet half yearly to review the investments and to consider Charities whom they wish to benefit & to donate prizes for charitable purposes in the annual Eddystone Sailing Pursuit.
STATEMENT OF TRUSTEES’ RESPONSIBILITIES
The Trustees are required by the Charities Act 2011 to prepare financial statements for each year, which give a true and fair view of the state of affairs of the Trust.
The Trustees are responsible for the ensuring that the Trust keeps proper accounting records which disclose with reasonable accuracy at any given time the financial position of the Trust and for ensuring that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provision of the constitution. The Trustees also have responsibility for safekeeping the assets of the Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Accounts are submitted annually to qualified Accountants for an Independent Examination of the Accounts prepared by the Treasurer, when required by the Charitable Commission requirements.
oethe Trustees
T NB Lister FCA
Trustee
Date el os(2e2
The Eleanor Creeke Charitable Settlement
RECEIPTS & PAYMENTS ACCOUNT for the year ended 5 April 2025
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|---|---|---|---|---|---|---|---|
|2025|2024|
|£|£|
|Donations|Received|1,552|3,516|
|Investment|Income:-|
|Arising|from|interest|on|Government &|
|Corporate|Stocks,|Stockbrokers’|Interest|
|And|Dividends|31,570|32.767|
|Total|Receipts|33,122|36,283|
|Expenditure|in|furtherance|of the|objectives of|this|Charity:-|
|Donations|to|registered|Charities &|expenses|
|Involved|in|raising|sponsorship|to|benefit|charities|
|27,895|26,989|
|Management & Administrations|Costs|of this|Charity:-|
|Trustees’|Management|fees &|expenses, &|legal|costs|12,449|15,263|
|Total|Expenditure|40,344|42,252|
|Excess of Receipts|over|Expenditure|(7,222)|(5,969)|
|Profit/(Loss) on sale of|Shares|(18,466)|—|
|Net Change|in Funds|(25,688)|(5,969)|
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The Eleanor Creeke Charitable Settlement
| Statement ofAssets& Liabilities at | 5 April 2025 | ||
|---|---|---|---|
| 2025 | 2024 | ||
| £ | £ | ||
| Cash Funds:- | |||
| Cash atBank | 35,515 | 33,209 | |
| Cash with Stockbrokers | 2,989 | 7.242 | |
| 38,504 | 40,451 | ||
| Investment Assets | |||
| Quoted Investment portfolio | |||
| Including fixed interest stocks | |||
| & equities (at cost) | 636,769 | 660,773 | |
| Market Value ofPortfolio | |||
| 2025: £760,661 |
|||
| 2024: £785,607 |
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| Current Assets & Liabilities: - | |||
| Trustees’ & Examiner’s fees and expenses | (2,144) | (2.407) | |
| (2,144) | (2,407) |
The Eleanor Creeke Charitable Settlement
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES
[report to the trustees on my examination ofthe accounts ofthe above trust for the year ended 5" April 2025, which are set out on the attached sheets.
RESPONSIBILITIES AND BASIS OF REPORT
As the charity's trustees, you are responsible for the preparation ofthe accounts in accordance with the requirements of the Charities Act 2011 (“the Act”), I report in respect ofmy examination of the Trust’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
T have completed my examination. ] confirm that no material matters have come to my materialattention inrespect: connection with the examination which gives me cause to believe that in, any
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¢ Act;the accountingor records were not Kept in accordance with section 130 of the Charities ¢ the accounts did not accord with the accounting records; or
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the accounts did 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 nota 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,
Independent Examiner
SoresMrs Hordes, for Lightuodker Accor tats Ceited KS Hardy Lightwater Accountants Limited Fairlawns Sandersfield Plymtree Cullompton Devon EX15 25Z
Date: q4 Harel, 2626