Charity registration number.. 1097683 SCORFEN CHARITABLE TRUST TRUSTEES. REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 grenfell James Grenfell James Associates Limited 13 The Courtyard Timothys Bridge Road Stratford Upon Avon Warwickshire CV37 9NP
Scorfen Charitable Trust Contents Page Trustees, Report Independent Examiner's Report Statement of Financial Attivities Statement of Financial Position io Notes to the Financial Statements The following pages do not form part of the statutory accounts.. Detailed Statement of Financial Activities 16-17
Scorfen Charitable Trust Trustees, Report For The Year Ended 31 March 2025 The trustees present their report and the financial statements for the year ended 31 March 2025. Objectlves and Actlvltles Aims and Objectives In setting the objectives and planning artivities, the Trustees have given careful consideration to the guidance provided by the Charity Commission on public benefit. The objectives of the Charity are'.- {a) To alleviate suffering from poor health and promote health in such ways as may be thought fit and in particular but not exclusively to promote research into the causes and treatment of Spinal Muscular Atrophy. (b) To advance the education of and to benefit the public by the promotion and encouragement of the art5 {in particular by assisting young people to pursue any artistic discipline). (c) To promote the preservation and protection of the countryside for the benefit of the public and to educate the public in the same. (d) Such other exclusively charitable purposes as the Trustees in their absolute discretion think fit. Page I
Scorfen Charitable Trust Trustees. Report (continued) For The Year Ended 31 March 2025 Significant Activities Grantmaking The charity supports charitable causes identified by the Trustees in artistic fields such as music and theatre, in the rural environment, and in health. Also, local charities are occasionally supported. Grantees are monitored on an ongoing basis against criteria set out at the time of the grants. During the period the following cognizable donations amounted to £104,441 were agreed.. B4B (Beds for Ellen Badger Hospital) BACO (Bucks Association for the care of offenders) Campaign for Protection of Rural England (CPRE) Chipping Campden Literary Festival 2025 Chipping Campden Music Festival 2025 Down Syndrome UK Ilmington School PTA Kestrel Theatre Longborough Festival Opera MedAid Milton's Cottage Trust Royal Birmingham Conservatoire Royal Opera House Foundation Sex Matters Shipston Home Nursing Shipston Museum Shipston Song Soundwaves St Vincent's Hospital Foundation Stour Health and Wellbeing Partnership Stroke Association Suffolk Energy Action Solutions The Ilmington Show The Times and Sunday Times Appeal The Townsend Hall Taste of Country Ltd- Downs Syndrome Charity 1,000 500 2,000 250 750 22,450 1,200 500 13,000 44,950 1,000 1,500 5,510 20,000 2,500 2,000 750 3,000 2,581 5,000 10,000 1,000 1,500 2,500 1,500 2,450 For Downs Syndrome Charity Heartaches Limited- Donation Charities Trust -24,950 -20,000 104,441 TOTAL The Trustees are unable to consider unsolicited appeals for funds. Page 2
Scorfen Charitable Trust Trustees. Report (continued) For The Year Ended 31 March 2025 Achievements and Performance Main Achievements Charitable activities Grants for the year 2024 12025 totalled £104,440.65. Arts This financial year the charity has donated approximately £25,000 of the above total to individuals and organisations within the arts sector. In addition to previous recipients ie Royal Opera House, Longborough Festival Opera and Chipping Campden Music Festival and Mendelssohn on Mull (Soundwaves), donations were given to a young Kenyan pianist studying at the Royal Birmingham Conservatoire and local classical music group Shipston Song. Educatlon Trustee5 agreed a three-year donation of £5,000 a year to further support Longborough Festival Opera's educational outreach programme in local schools. A donation was also made to Ilmington School to help enable extra-curricular music tuition to students. Health This year has focused principally on supporting the health sector with a donation of £20,000 going to Down Syndrome UK (the first of three annual payments) and one of £10,000 to the Stroke Association. There were also further donation5 this year to local health charities ie the Stour Health and Wellbeing Partnership. to the Ilmington Show which donates its proceeds to local charities and to Shipston Home Nursing. A donation was also made to St Vincent'5 Hospital in Australia, a leader in cancer research. Local community In addition to arts and health community grants above, a £1,500 donation was made to the Townsend Hall Shipston to help support its range of community activities and £2,000 was given to the Shipston Museum. Countryside A donation was made to CPRE (Campaign for Rural England) to support its work to protect the countryside and respond to the climate emergency. Page 3
Scorfen Charitable Trust Trustees. Report (continued) For The Year Ended 31 March 2025 Financial Review Financial Position Investment policy and objectives The financial year started with a balance of £10,260 and drawdowns from the charity's investment fund into the operating account were made in May 2024 and October 2024. The end of the year balance in April 2025 was £743.35. The Trustees reviewed the investment with Netwealth at both Trustee meetings this year (11 September 2024 and 20 March 2025) and are happy with investment progress with no proposed change to investment ratio. The value of the investment portfolio as at 31 March 2025 was £1,540,333. Trustees The Trustees are all voluntary and draw no income or expenses from the charity. Reserves Policy The Trustees consider that the availability of the expendable endowment fund eliminates the necessity for maintaining free reserves. However, they recognise that the fluctuations in investment income and expenditure, from year to year, may result in levels of free reserves from time to time Page 4
Scorfen Charitable Trust Trustees. Report (continued) For The Year Ended 31 March 2025 Structure. Governance and Management Governing Document Scorfen Charitable Trust is constituted under a Trust Deed dated 12 May 2003 and as a registered charity No.1097683. Organisational structure (a) The Trustees as the charity Trustees have control of the Trust and its property and funds. (b) The number of Trustees shall not be less than three and not more that five individuals. (cl Subject to clause (g) Andrew Stephen Bower Knight, the donor, is entitled to hold office of Trustee for life,and the other Trustees shall each hold office for the following periods- Marita Georgina Crawley Caroline Warren five years from May 2023 five years from May 2021 Caroline Warren's trusteeship was reviewed at May 2021 Trustee meeting and a further term of 5 years wa5 agreed from l May 2021 to 30 April 2026. Marita Crawley's trusteeship was reviewed at the 22nd November 2023 Trustee meeting and a further term of 5 years was agreed, effective from 12 May 2023 to 11 May 2028. (d) Future Trustees would be appointed for terms of five years by the donor during his lifetime and thereafter by resolution of trustees. (e) A retiring Trustee must sign a declaration of willingness to art as a Trustee of the Trust before he or she is eligible to vote at any meeting of the Trustees. (f) A Trustee automatically ceases to be a Trustee if she or he.. (i) is disqualified under Charities Act 2011 from acting as a charity Trustee or Trustee for a charity. (li) is incapable, whether mentally of physically, of managing his or her own affairs. {iii) resigns by written notice to the Trustee (but only if at least two Trustees will remain in office). (g) A retiring Trustee is entitled to an indemnity from the continuing Trustees at the expense of the Trust in respect of any liabilities properly incurred during his or her trusteeship. (i) A technical defect in the appointment of a Trustee which the Trustees are unaware of at the time does not invalidate decisions taken by the Trustees. The Trustees must hold at least one meeting each year. Except for the Chairman of the meeting, who has a second or casting vote, each Trustee has one vote on each issue. Except where provided in the Trust Deed, every issue may be determined by a simple majority of votes cast at the meeting. The Scorfen Trust is administered voluntarily by its Trustees who draw no income or expenses from the charity.Organisational structure Related Parties Andrew Knight is a Founder Patron of the Spinal MLJscular Atrophy Trust (SMAT). Marita Crawley is a Patron of Soundwaves and a Trustee of the Pushkin Bicentennial Trust. Caroline Warren is a Trustee of 'The Ups of Downs, and the'Down Syndrome UK, charities.. .CONTINUED Page 5
Scorfen Charitable Trust Trustees. Report (continued) For The Year Ended 31 March 2025 Governing Document- continued Reference and Administrative Details Trustees Mrs C Warren Mrs M G Crawley Mr A S Knight Charlty Number 1097683 Principal Address Compton Scorpion Manor Ilmington Shipston-on-stour Warwickshire CV36 4PJ Independent Examiner David Murphy Grenfell James Associates Limited 13 The Courtyard Timothys Bridge Road stratford Upon Avon Wanvickshire CV37 9NP Page 6
Scorfen Charitable Trust Trustees. Report (continued) For The Year Ended 31 March 2025 The trustees, report was approved by the board of trustees and signed on its behalf by: Mr A S Knight Trustee 2310112026 Page 7
Scorfen Charitable Trust Independent Examiner's Report to the Trustees of Scorfen Charitable Trust For The Year Ended 31 March 2025 I report to the charity trustees on my examination of the accounts of Scorfen Charitable Trust (the Trust) for the year ended 31 March 2025. Responsibilities and Basis of Report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Art 2011 ("the Att"). I report in respect of my examination of the Trust's account5 carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed 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.. l. 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; or 3. the accounts do not comply with the applicable requirements concerning the form and contents of accounts set out in the Charities {Accounts and Reports) Regulation5 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 connertion 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. David Murphy 23101/2026 13 The Courtyard Timothys Bridge Road Stratford Upon Avon Warwickshire CV37 9NP Page 8
Scorfen Charitable Trust statement of Financial Activities For The Year Ended 31 March 2025 2025 2024 Endowment Endowment funds funds Notes INCOME AND ENDOWMENTS FROM: Donations and legacies Investments 44,950 39,473 45,197 84,423 45,197 EXPENDITURE ON: Raising funds Charitable activities.. Arts Education Health Countryside Cournmunity Grant (4,299) (1,743) (17,760) (6,200) (118,931) (4,500) (2,000) (29,300) (3,500) (45,273) (153,690) (69,267) 21,817 (79,816) (34,619) 129,275 NET EXPENDITURE BEFORE INVESTMENT LOSSES Net gains on investments NET EXPENDITURE (47,4501 94,656 NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought fonward (47,450) 94,656 1,587,191 1,492,535 TOTAL FUNDS CARRIED FORWARD io 1,539,741 1,587,191 The notes on pages I I to 15 form part of these financial statements. Page 9
Scorfen Charitable Trust statement of Financial Position As At 31 March 2025 2025 2024 Unrestricted Endowment funds funds Total funds Total funds Notes FIXED ASSETS Investments 1,540,333 1,540,333 1,575,816 1,540,333 1,540,333 1,575,816 CURRENT ASSETS Cash at bank and in hand 743 743 12,710 743 743 12,710 Creditors: Amounts Falling Due Within One Year (1,335) (1,335) (1,335) NET CURRENT ASSETS (LIABILITIES) (592) (592) 11,375 TOTAL ASSETS LESS CURRENT LIABILITIES 1,539,741 1,539,741 1,587,191 NET ASSETS 1,539,741 1,539,741 1,587,191 FUNDS OF THE CHARITY Endowment Funds 1,539,741 1,587,191 TOTAL FUNDS io 1,539,741 1,587,191 On behalf of the board Mr A S Knight Trustee 23/0112026 The notes on pages I I to 15 form part of these financial statements. Page 10
Scorfen Charitable Trust Notes to the Financial Statements For The Year Ended 31 March 2025 General Information Scorfen Charitable Trust is an unincorporated charity registered with the Charity Commission, registered charity number 1097683. The principal address is C/0 Compton Scorpion Ilmington, Shipston-on-stour,Warwickshire, CV36 4PJ. 2. Accounting Policies 2.1. Basis of Preparation of Financial Statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP {FRS 102) '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 l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets. The charity is a Public Benefit Entity as defined by FRS 102. 2.2. Fund Accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Designated funds comprise unrestricted funds that have been set aside by the trustees for a specific purpose. Restricted funds are to be used for specific purposes as laid down by the donor. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 2.3. Incoming Resources All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. 2.4. Resources Expended Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to artivities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. 2.5. Taxation The charity is exempt from tax as all its income is charitable and applied for charitable purposes. Page 11
Scorfen Charitable Trust Notes to the Financial Statements {continued) For The Year Ended 31 March 2025 3. Income from Donations and Legacies 2025 2024 Endowment Endowment funds funds Grants 44,950 4. Investment Income 2025 2024 Endowment Endowment funds funds Interest from other fixed asset investments - listed Dividends from other fixed asset investments - listed 6,444 33,029 39,473 14,258 30,939 45,197 5. Analysis of Expenditure 2025 Support Activities Grant costs undertaken funding of (see note directly activities 61 Total Raising funds Arts Education Health Countryside Coummunity Grant 1,773 2,526 4,299 17,760 6,200 118,931 4,500 2,000 17,760 6,200 118,931 4,500 2,000 1,773 149,391 2,526 153,690 Page 12
Scorfen Charitable Trust Notes to the Financial Statements {continued) For The Year Ended 31 March 2025 2024 Support Activities Grant costs undertaken funding of (see note directly activities Total Raising funds Arts Education Health 1,296 447 1,743 29,300 3,500 45,273 29,300 3,500 45,273 1,296 78,073 447 79,816 6. Support Costs 2025 Raising funds General administration Governance costs 1,136 1,390 2,526 2024 Raising funds Governance costs 447 7. Average Number of Employees Average number of employees during the year was: NIL (2024: NIL) 8. Investments Listed Cost or Valuation As at l April 2024 Revaluations Transfers 1,441,348 59,517 (95,000) 1,405,865 As at 31 March 2025 .CONTINUED Page 13
Scorfen Charitable Trust Notes to the Financial Statements {continued) For The Year Ended 31 March 2025 Provision As at l April 2024 As at 31 March 2025 (134,468) (134,468) Net Book Value As at 31 March 2025 1,540,333 As at l April 2024 1,575,816 9. Creditors: Amounts Falling Due Within One Year 2025 2024 other creditors 1,335 1,335 10. Movement in Funds Asat31 March 2025 Asatl April 2024 Income Expenditure Endowment funds Permanent.. Endowment fund 1,587,191 84,423 (131,873) 1,539,741 Total funds 1,587,191 84,423 {131,873) 1,539,741 Asat31 March 2024 Asatl April 2023 Income Expenditure Endowment funds Permanent.. Endowment fund 1,492,535 45,197 49,459 1,587,191 Total funds 1,492,535 45,197 49,459 1,587,191 11. Transactlons wlth Trustees None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year. No trustee expenses have been incurred. Page 14
Scorfen Charitable Trust Notes to the Financial Statements {continued) For The Year Ended 31 March 2025 12. Related Party Disclosures Mrs M G Crawley, a trustee of Scorfen Charitable Trust, is a patron of Soundwaves who were granted £3,000 {2024 - £3,000) in the year. Mrs C Warren, a trustee of Scorfen Charitable Trust, is a trustee of Down Syndrome UK (DSUK) who were granted £22,450 (2024 - £15,000) in the year. Page 15
Scorfen Charitable Trust Detailed Statement of Financial Activities For The Year Ended 31 March 2025 2025 2024 Total funds Total funds INCOME AND ENDOWMENTS FROM: Donations and legacies Grants 44,950 44,950 Investments Dividends from other fixed asset investments - listed Interest from other fixed asset investments - listed 33,029 6,444 30,939 14,258 39,473 45,197 84,423 45,197 EXPENDITURE ON: Raising funds Portfolio management Professional fees Bank charges Sundry expenses Independent examiner's fees (1,773) (800) (15) (321) (1,390) (1,296) (447) (4,299) (1,743) Charitable Activities: Arts Grants to institutions (17,760) (29,300) (17,760) (29,300) Education Grants to institutions (6,200) (6,200) (3,500) (3,500) Health Grants to institutions {118,931) (45,273) {118,931) (45,273) Countryside Grants to institutions (4,500) (4,500) .CONTINUED Page 16
Scorfen Charitable Trust Detailed Statement of Financial Activities (continued) For The Year Ended 31 March 2025 Coummunity Grant Grants to institutions (2,000) {2,000) (153,690) (79,816) (69,267) (34,619) NET EXPENDITURE BEFORE INVESTMENT LOSSES Net gains on investments Surplus on revaluation of investments 21,817 129,275 21,817 129,275 NET (EXPENDITURE)/INCOME (47,450) 94,656 Page 17
REF. NUMBER8256T-JU6D9-5QFGS-8RKGUDOCUMENT COMPLETED BY ALL PARTIES ON 26 JAN 2026 11:51:03UTCSIGNER TIMESTAMP SIGNATURE |
REF. NUMBER8256T-JU6D9-5QFGS-8RKGUDOCUMENT COMPLETED BY ALL PARTIES ON 26 JAN 2026 11:51:03UTCSIGNER TIMESTAMP SIGNATURE |
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