CYNTHIA DELLA HOY’S CROXTON CHARITY
CHAIRMAN’S REPORT for Year Ending 30[th] September 2024
During this reporting period there has been much activity within our maintenance program, along with the distribution of grant donations and reviewing our Articles of Association.
The maintenance consisted of having a complete refurbishment of cottage No1at an overall cost of £20,469.61. The work involved the removal of the main chimney stack throughout the property, double insulating all external walls, decorating, repositioning and upgrading the hot water system, electrical rewiring along with a new night storage unit and replacing the front door with a plastic unit. Unfortunately, this work took longer than anticipated but the overall finish has benefitted the amount of work. As with all older properties maintenance is a key factor of ensuring that the properties stay in a suitable condition for letting. Currently all the properties are let and although there will always be minor issues to overcome these hopefully will diminish over time. This further highlights our commitment to ensuring that adequate funds are available to ensure the completion of any unforeseen maintenance requirements.
We have also consulted the charities Solicitors to review our Articles of Association to make some minor amendments in respect to the selection of trustees / directors, these changes have now been completed.
The charity has been operating for approximately 12 years now and is benefiting by showing an increase in available funds given to worthy causes. During this reporting period the charity has been able to distribute funds to 17 organisations to the value of £16,340.00 with some mentioned below:
Thetford Food bank TADDS Croxton Churchyard Thetford Voices Cloverfield Community Centre TVC Growkids Thetford Methodist Church Breckland Cancer Support Group Charles Burrell Centre
The Trust is operated solely by volunteers with its trustees managing maintenance projects, general administration, accounting etc without having any incidents or accidents during this year. Once again my thanks go to our secretary for his continued commitment to ensuring our accounts and records are maintained, along with all the trustees for their support in ensuring that as a charity we can help as many causes as possible.
I Andrew Chairman
REGISTERED COMPANY NUMBER: 08107202 (England and Wales) REGISTERED CHARITY NUMBER: 1148374
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 30th September 2024
for
Cynthia Della Hoy's Croxton Charity
TWR Accountants The Old Registrars 57a High Street Brandon Suffolk IP27 0AU
Cynthia Della Hoy's Croxton Charity
Report of the Trustees for the year ended 30th September 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30th September 2024. The trustees have adopted the provisions of 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 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
To provide financial support to charitable projects in and around Croxton.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
08107202 (England and Wales)
Registered Charity number
1148374
Registered office
The Old Registrars 57a High Street Brandon Suffolk IP27 0AU
Trustees
Mr N Manderfield Mr I Andrew Mr C J Walford (deceased 29.11.23) Dr P Herbert Mr A Poore Mrs G Scott Mrs E Grist (appointed 4.3.24) Mrs M Baldwin (appointed 4.3.24)
Company Secretary
Mr N Manderfield
Independent Examiner
TWR Accountants The Old Registrars 57a High Street Brandon Suffolk IP27 0AU
COMMENCEMENT OF ACTIVITIES
Activities commenced on 1st July 2012 when properties given under the will of Cynthia Della Hoy who died on 10th June 2005 were vested to the Trust.
Approved by order of the board of trustees on 2nd December 2024 and signed on its behalf by:
Page 1
Cynthia Della Hoy's Croxton Charity
Report of the Trustees for the year ended 30th September 2024
Mr N Manderfield - Trustee
Page 2
Independent Examiner's Report to the Trustees of Cynthia Della Hoy's Croxton Charity
Independent examiner's report to the trustees of Cynthia Della Hoy's Croxton Charity ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30th September 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Mr P J Smith FCCA
TWR Accountants The Old Registrars 57a High Street Brandon Suffolk IP27 0AU
Date: .............................................
Page 3
Cynthia Della Hoy's Croxton Charity
Statement of Financial Activities for the year ended 30th September 2024
| 2024 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies - Other trading activities 2 184 Investment income 3 46,163 Total 46,347 EXPENDITURE ON Charitable activities Grants to institutions 16,340 Governance costs 864 Finance costs 60 Charitable expenditure 33,377 Total 50,641 NET INCOME/(EXPENDITURE) (4,294) RECONCILIATION OF FUNDS Total funds brought forward 661,983 TOTAL FUNDS CARRIED FORWARD 657,689 |
2023 Total funds £ 160,510 - 43,304 203,814 10,238 774 60 24,695 35,767 168,047 493,936 661,983 |
|---|---|
The notes form part of these financial statements
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Cynthia Della Hoy's Croxton Charity
Balance Sheet
30th September 2024
| Notes FIXED ASSETS Investment property 6 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 8 Unrestricted funds TOTAL FUNDS |
2024 Unrestricted fund £ 640,000 18,389 (700) 17,689 657,689 657,689 657,689 657,689 |
2023 Total funds £ 640,000 22,653 (670) 21,983 661,983 661,983 661,983 661,983 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
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Cynthia Della Hoy's Croxton Charity
Balance Sheet - continued
30th September 2024
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 2nd December 2024 and were signed on its behalf by:
Mr N Manderfield - Trustee
Mr I Andrew - Trustee
The notes form part of these financial statements
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Cynthia Della Hoy's Croxton Charity
Notes to the Financial Statements for the year ended 30th September 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, 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 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
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.
Expenditure
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 activities 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.
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | |||
|---|---|---|---|
| 2024 | 2023 | ||
| £ | £ | ||
| Miscellaneous income | 184 | - |
continued...
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Cynthia Della Hoy's Croxton Charity
Notes to the Financial Statements - continued for the year ended 30th September 2024
3. INVESTMENT INCOME
| Rents received Deposit account interest |
2024 £ 45,381 782 46,163 |
2023 £ 42,863 441 43,304 |
|---|---|---|
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30th September 2024 nor for the year ended 30th September 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30th September 2024 nor for the year ended 30th September 2023.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |
|---|---|
| INCOME AND ENDOWMENTS FROM | Unrestricted fund £ |
| Donations and legacies | 160,510 |
| Investment income | 43,304 |
| Total | 203,814 |
| EXPENDITURE ON | |
| Charitable activities | |
| Grants to institutions | |
| Governance costs | 10,238 |
| Finance costs | 774 |
| Charitable expenditure | 60 24,695 |
| Total | 35,767 |
| NET INCOME | 168,047 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 493,936 |
continued...
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Cynthia Della Hoy's Croxton Charity
Notes to the Financial Statements - continued for the year ended 30th September 2024
| 5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - TOTAL FUNDS CARRIED FORWARD 6. INVESTMENT PROPERTY FAIR VALUE At 1st October 2023 and 30th September 2024 NET BOOK VALUE At 30th September 2024 At 30th September 2023 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accrued expenses 8. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS |
continued At 1.10.23 £ 661,983 661,983 Incoming resources £ 46,347 46,347 |
Unrestricted fund £ 661,983 £ 640,000 640,000 640,000 2024 2023 £ £ 700 670 Net movement At in funds 30.9.24 £ £ (4,294) 657,689 (4,294) 657,689 Resources Movement expended in funds £ £ (50,641) (4,294) (50,641) (4,294) |
|---|---|---|
continued...
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Cynthia Della Hoy's Croxton Charity
Notes to the Financial Statements - continued for the year ended 30th September 2024
8. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.10.22 £ Unrestricted funds General fund 493,936 TOTAL FUNDS 493,936 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 203,814 TOTAL FUNDS 203,814 |
Net movement At in funds 30.9.23 £ £ 168,047 661,983 168,047 661,983 Resources Movement expended in funds £ £ (35,767) 168,047 (35,767) 168,047 |
|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.10.22 £ 493,936 493,936 |
Net movement in funds £ 163,753 163,753 |
At 30.9.24 £ 657,689 657,689 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds | Incoming Resources resources expended £ £ |
Movement in funds £ |
|---|---|---|
| General fund | 250,161 (86,408) |
163,753 |
| TOTAL FUNDS | 250,161 (86,408) |
163,753 |
continued...
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Cynthia Della Hoy's Croxton Charity
Notes to the Financial Statements - continued for the year ended 30th September 2024
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30th September 2024.
10. GRANTS TO INSTITUTIONS
All Saints Church Croxton 1,290 TVS Growkids 2,000 Thetford Parochial Legacy Club 500 The Charles Burrell Centre 1,000 Cloverfield Church and Hall 5,000 Breckland Cancer Support Group 450 Magic Floor Productions 250 Thetford Methodist Church 400 Thetford Foodbank 2,000 C Walford Memorial 200 Thetford Singers 250 TADDS 2,000 Dove's Nest Ministries 500 Cardiac Risk in the Young 500
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Cynthia Della Hoy's Croxton Charity
Detailed Statement of Financial Activities for the year ended 30th September 2024
| INCOME AND ENDOWMENTS Donations and legacies Gifts Legacies Other trading activities Miscellaneous income Investment income Rents received Deposit account interest Total incoming resources EXPENDITURE Charitable activities Grants to institutions Support costs Management Insurance Letting agent fees Property repairs Sundries Finance Bank charges Governance costs Accountancy Legal fees Total resources expended Net (expenditure)/income |
2024 £ - - - 184 45,381 782 46,163 46,347 16,340 1,835 4,085 26,237 80 32,237 60 864 1,140 2,004 50,641 (4,294) |
2023 £ 510 160,000 160,510 - 42,863 441 43,304 203,814 10,238 1,682 3,858 18,875 280 24,695 60 774 - 774 35,767 168,047 |
|---|---|---|
This page does not form part of the statutory financial statements
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Cynthia Della Hoy's Croxton Charity
Contents of the Financial Statements for the year ended 30th September 2024
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 to 6 |
| Notes to the Financial Statements | 7 to 11 |
| Detailed Statement of Financial Activities | 12 |
endent Examiner. ort to th Trustees of thia Della Ho .5 Crorton Chari Independent examiner's report to the trustees of Cynthia Della Hoy's Croxton Charlty I'the Company'} report to the charity trustees on my examination of the account5 of the Company for the year ended 30th September 2024. Respon5ibilltles and basis of report As the charity's trustee5 of the Company land also its directors for the purposes of company lawl you afe responsible for the preparation of the accounts in attOrdan with the requirements of the Companies Act 2QXJ61'the 2006 Act'l. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in re5pett of my examination of your charity's accounts a5 carried out under Section 145 of the Charities Ad 2011 I'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Cornmission under Section 14515) Ibl of the 2011 Act. Independent examiner's statement I have completed rny examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe= accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act.. or the accounts do not actord with those records.. or the accounts do not comply with the atcounting requirements of Section 396 of ihe 2006 Act other than any requiremeni that the account5 give a true and fair view which is not a maiter considered as part of an independent examination.. OT the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accountin8 and reporting by charities lapplicable to charities preparing their acetsunts in accordance with the Financial Reportin8 Stsndard applicable in the UK and Republic of Ireland IFRS 10211. I have no concerns and have come acros5 no other matters in connection with the examination to which attentlon should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mr P I Smith FCCA TWR Accountants The Old Registrars 57a High Street Brandon Suffolk IP27 OAU Date.. Page 3