# THE SIMON & ELIZABETH BATEY CHARITABLE TRUST
REPORT AND ACCOUNTS
YEAR ENDED 22 NOVEMBER 2024
|
## THE SIMON & ELIZABETH BATEY CHARITABLE TRUST
## Contents
|
|Year ended 22 November 2024||
|---|---|
||Page|
|Reference and administrative details|2|
|Report ofthe Trustees|3|
|Independent examiner's report|5|
|Statement of financal activities|6|
|Balance sheet|7|
|Notestothefinancialstatements|8|
## THE SIMON & ELIZABETH BATEY CHARITABLE TRUST
## Reference and administrative details
Year ended 22 November 2024
## Registered Charity number:
Trustees:
Address:
## 1095086
Simon G Batey Elizabeth M Batey Gerard M P Rooney
Higher Heyes Farm Ball Lane Kingsley Frodsham WAG6 8HP
—
## THE SIMON & ELIZABETH BATEY CHARITABLE TRUST
Report of the Trustees (continued)
Year ended 22 November 2024
## Achievements and performance
Income of £85548 (2023-£66068) was generated from the Trust's investments. In addition further donations totalling £409280 (including gift aid) were received from the Donor.
Grants totalling £162543 were made during the year, including a donation of £100000 to Hft (Home Farm Trust). This was
to support Hft's "Luv2meetU" project in Cheshire and North Wales, and for this year, Bristol and online.
The "Luv2meetU" project provides social events for adults with learning disabilities, providing opportunities to meet new friends.
£20000 has been provided to support school bursaries for children from the town of Heywood.
In addition £6000 was given towards the provision of floodlights for a second tennis court at Kingsley & Newton Village Institute
Donations to the Mid Cheshire Foodbank and St Lukes Hospice were made of £5000 and £2000 respectively.
Various other donations were made, and a fuller list is set out in note 4.
Since its inception in 2002, the Trust has given nearly £980000 to 107 charities.
## Financial review
The Trustees approved charitable expenditure in the period of £162543 (2023 - £80113) and generated a surplus for the year of £456628 (2023 - surplus £1921).
At the year end the charity held net assets of £2040252 (2023 - £1583624). The reserves consist of unrestricted funds of £2040252 (2023 - £1583624). The Trustees retain a sufficient level of free reserves and liquidity to cover any expenditure which may become necessary and to give the charity flexibility in carrying out its objectives.
Approved by the Trustees on {9 AAR&M 275 and signed on their behalf:
**----- Start of picture text -----**
‘
**----- End of picture text -----**
**----- Start of picture text -----**
\
**----- End of picture text -----**
Simon G Batey
Chairman of Trustees
L E
Independent Examiner's Report
## THE SIMON & ELIZABETH BATEY CHARITABLE TRUST
## Year ended 22 November 2024
## INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SIMON & ELIZABETH BATEY CHARITABLE TRUST
## Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The Charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 ("the Charities Act") and that an independent examination is needed.
## It is my responsibility to:
## examine the accounts under section 145 of the Charities Act,
**----- Start of picture text -----**
|
**----- End of picture text -----**
to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145 (5)(b) of the Charities Act, and
to state whether particular matters have come to my attention.
## Basis of independent examiner's statement
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison the accounts presented with those records. It also imcludes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair" view and the report is limited to those matters set out in the statement below.
## Independent examiner's statement
In connection with my examination, no matter has come to my attention
Py
1. which gives me reasonable cause to believe that, in any material respect, the requirements:
to keep accounting records in accordance with section 130 of the Charities Act;. And
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
## have not been met; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
**----- Start of picture text -----**
Signed _ /
NA 4A, } H
¥J Czerwonka x
1) Wh f ny “ od
IK Wer (#1 2¢ zs
Date
**----- End of picture text -----**
THE SIMON & ELIZABETH BATEY CHARITABLE TRUST
## Statement of Financial Activities
Year ended 22 November 2024
>
||Notes|Unrestricted|Unrestricted|
|---|---|---|---|
|||Fund|Fund|
|||2024|2023|
|||£|£|
|Income and endowments from:||||
|Donations|2|409,280|25,000|
|Investment income|3|85,548|66,068|
|Total income and endowments||494,828|91,068|
|Expenditure on:||||
|Charitable activities|4|162,543|80,113|
|Investment management charges||976|659|
|Governance - Trustee fee||240|240|
|Total expenditure||163,759|81,012|
|Net income before investmentgains||331,069|10,056|
|Net gains /(losses) on investments||125,559|-8,135|
|Net income/(expenditure) and netmovement in funds|fortheyear|456,628|1,921|
|Reconciliation offunds||||
|Total funds brought forward||1,583,624|1,581,703|
|Fundbalancecarriedforwardat22November2024||2,040,252|1,583,624|
~ All income and expenditure derive from continuing activities
F MON & ELIZABETH BATEY CHARITABLE TRUST if ance sheet
f | :
## | __-At 22 November 2024
**----- Start of picture text -----**
||||||||
|---|---|---|---|---|---|---|
|Notes|2024|2023|
|Fixed|assets|
|Investments|2,020,989|1,573,473|
|Total|Fixed|assets|2,020,989|1,573,473|
|Current|assets|
|Cash|at bank|19,743|10,631|
|Total Current assets|19,743|10,631|
|Seditors:|amounts falling due within one year|5|480|480|
|Net current assets|19,263|10,151|
|Total|assets|less|current|liabilities|2,040,252|1,583,624|
|Unrestricted funds|2,040,252|1,583,624|
|Total|charity funds|2,040,252|1,583,624|
**----- End of picture text -----**
The financial statements set out on pages 5 to 9 were approved by the Trustees on on their behalf by:
and were signed
S G Batey Chairman of Trustees
THE SIMON & ELIZABETH BATEY CHARITABLE TRUST
Notes to the Financial Statements
Year ended 22 November 2024
## 1. Accounting Policies
## (a) Basis of preparation and assessment of going concern
The financial statements have been prepared in accordance with 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 (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Companies Act 2006 and the Charities Act 2011. The financial statements are denominated in Sterling and rounded to the nearest £.
The Trust constitutes a public benefit entity as defined by FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
**----- Start of picture text -----**
:
**----- End of picture text -----**
The Trustees that there are no material uncertainties about the Trust's ability to continue as a going concern.
## (b) Fund accounting policy
The charity comprises of a single unrestricted fund. Unresticted funds are general funds that are available for use at the Trustees' discretion in furtherance of the objectives of the charity.
## (c) Incoming resources
Donations are recognised when the Trust has entitlement to the income, there is reasonable assurance of receipt and the amount of income can be measured reliably.
Investment income is stated in the accounts as the amount receivable.
## (d) Resources expended
-
Liabilities are recognised as soon as there is a legal or constructive obligation committing the Trust to the expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Grants payable are recognised when there is a commitment or when conditions attached to commitments are fulfilled. All expenditure is accounted for on an accruals basis.
## (e) Foreign currency
Assets and liabilities in foreign currencies are translated using sterling rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the average rate.
a
THE SIMON & ELIZABETH BATEY CHARITABLE TRUST
## Notes to the Financial Statements
## Year ended 22 November 2024
**----- Start of picture text -----**
\
**----- End of picture text -----**
||2024|2023|
|---|---|---|
||£|£|
|2. Donations|409,280|25,000|
|All donations received are unrestricted.|||
|3. Investment income|||
|Equity funds|69,108|50,335|
|Bond funds|16,185|15,733|
|Bank Interest|255|-|
||85,548|66,068|
|4. Analysis of charitable expenditure|||
||Total|Total|
||2024|2023|
||£|£|
|The relief of poverty, sickness and distress|||
|Home Farm Trust (Hft)|100,000|35,000|
|Mid Cheshire Foodbank|5,000|5,000|
|Macmillan Cancer Support|2,250|2,250|
|St Luke's Hospice|2,000|2,000|
|Salvation Army|2,000|2,250|
|DEC Turkey/Syria earthquake|-|2,000|
|Prostate Cancer|1,000|1,000|
|Water Aid|1,000|1,000|
|Savethe Children|1,000|1,000|
|Sense|1,000|1,000|
|Sightsavers international|1,000|1,000|
|Motor Neurone DiseaseAssociation|275|-|
||116,525|53,500|
|The advancement of education|||
|Keble College, Oxford - bursary provision|5,000|5,000|
|School bursaries for children from Heywood|20,000|20,000|
||25,000|25,000|
|The promotion ofany other charitable purpose|||
|by the provision ofsuch grants to charitable|||
|institutions and individuals|||
|Cheshire Community Foundation - various charitable activities in Cheshire|12,000|-|
|Kingsley& Newton Village Institute - provision oftennis courtfloodlights|6,000||
|Bel Air Home, Grenada - preliminaryfunding for"Movingon" Project|2,500|<|
||518|1,613|
||21,018|1,613|
|Total|162,543|80,113|
2024 2023
£ 480
48¢
## THE SIMON & ELIZABETH BATEY CHARITABLE TRUST
## Notes to the Financial Statements
## Year ended 22 November 2024
£
5. Creditors: amounts falling due within one year
Trustee fee
## 6. Employees
~
The Trust did not have any employees during the year.
## 7. Related party transactions
There have been no related party transactions entered into by the charity during the year.