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2023-12-31-accounts

Keltek Trust registered no. 1154107

KT_annual_report_2023.doc

KELTEK TRUST - Annual Report for the year to 31[st] December 2023

This annual report has been prepared in accordance with the Financial Reporting Standard applicable in the UK (FRS 102) effective 1[st] January 2015.

Reference, Administrative Details, Structure, Governance & Management

The Keltek Trust is registered with the Charity Commissioners as a Charitable Incorporated Organisation and its registration number is: 1154107.

The Charity address is: The Kloof, Lower Kingsdown Rd, Kingsdown, Corsham, Wiltshire, SN13 8BG.

The trustees for the financial year are: David Preston, David Kelly and Mary Kelly. The Charity is administered by a management committee, comprising of:

Chairman - David Preston Secretary & Treasurer - David Kelly Other Members - Mary Kelly Independent Examiner - Morley Bray, 23 Chamberlain Rd, Chippenham, Wiltshire, SN14 0TF Archivist - Alan Glover, Six Bells House, Worthen, Shropshire, SY5 9HT

Trustees are elected for a term of three years and retire in rotation. The Archivist is elected for a term of one year.

Exemptions from disclosure

There are no exemptions from disclosure.

Objectives & Activities

Charities and Public Benefit Statement: the charitable purpose of the Keltek Trust is covered by classification ”f”, the advancement of arts, culture, heritage or science as detailed in the Charities Act 2006.

The objects of the charity are:

To further the religious and other charitable works of Christian churches throughout the world through the provision of church bells and encouragement of church bell ringing and in particular:

i) To promote the re-use of surplus or redundant bells.

ii) The giving of grants for the provision of bells or bell restoration.

iii) To promote research into the sound of church bells and the methods employed in re-tuning.

iv) The provision of funding of ringing centres for the training of bellringers.

The Trust assists with the relocation and re-use of bells from closed churches and second-hand bells. It has a restricted fund known as the Bell Rescue Fund whereby bells are acquired and put into storage until such time that they can be relocated. The Trust’s general fund is used to make donations to receiving organisations and to cover operating expenses.

The Trust is actively involved in research of the tonal analysis of bells to assist in locating compatible bells for augmentation schemes.

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Achievements & Performance

We received 72 new enquiries received during the year, three more than 2022 (69). The breakdown of the new enquiries is:

49 enquiries to acquire bells. 12 enquiries to sell bells. 11 miscellaneous enquiries.

29 bells are in the process of being relocated bringing the total since activities started to 886. The intended destinations are:

Car Colston, Nottinghamshire, St Mary: Treble of the augmentation to a ring of six. Compton Dundon, Somerset, St Andrew: Treble bell for the proposed augmentation to six. Farleigh Hungerford, Somerset, St Leonard: Treble bell for the proposed augmentation to six & replacement tenor bell.

Filby, Norfolk, All Saints: Treble of the augmentation to a ring of six (to replace a bell offered during 2021 as this bell is a better fit).

Fornham St Martin, Suffolk, St Martin: A replacement bell for one donated by the Keltek Trust in 2019 that was found to be cracked in the crown following removal of its canons. Harby, Leicestershire, St Mary the Virgin: Treble bell for the proposed augmentation to six. Marshchapel, Lincolnshire, St Mary the Virgin: Three treble bells for the proposed augmentation to six.

Over Kellet, Lancashire, St Cuthbert: Five bells of the ring of eight.

Piddinghoe, E. Sussex, St John: Third bell of the augmentation to six (replacing a cracked bell). St Cleer, Cornwall, St Clarus: A ring of eight bells to replace the existing six. Samoa, Methodist church: A chiming bell. Siston, Gloucestershire, St Anne: Replacement 4[th] bell.

Todwick, S. Yorkshire, St Peter & St Paul: Second and third of the proposed augmentation to six. Unknown: A single bell to a bell-hanger.

We acquired 17 bells using our Bell Rescue Fund: a bell acquired at auction; the pre-2023 ring from Rochdale, St Chad, 4 bells from St Anne’s on the Sea, 2 each from Church Kirk and Over Kellet.

The total number of bells acquired/secured using the fund increased to 554. We currently own 116 bells of which 97 are on offer; 11 individual bells and a ring of eight are in stock awaiting potential homes.

Twelve projects where the Trust either assisted in locating bells or offered a grant towards the bell work have been completed. This includes 32 bells hung for full-circle ringing and 2 bells hung for chiming:

Burton Hastings, Warwickshire, St Botolph : A newly cast bell as the treble of the augmentation from five to six. The cost was shared with the Coventry Diocesan Guild of Church Bellringers. Calne, Wiltshire, St Mary: A newly cast bell as one of the trebles of the augmentation to ten. Car Colston, Nottinghamshire, St Mary: Treble of the augmentation to a ring of six. Hawkley, Hampshire, St Peter & St Paul: Replacement 7th bell .

Nunney, Somerset, All Saints: Second of the augmentation from six to eight bells. Over Kellet, Lancashire, St Cuthbert: 3[rd] , 4[th] , 5[th] , 7[th] & tenor of a ring of eight bells. Palmerston, NT, Australia, Our Lady help of Christians: Four tenors of the ring of six. Piddinghoe, East Sussex, St John: Three trebles of the ring of six. Roehampton, Greater London, Holy Trinity: Four tenor bells of the ring of eight. Stafford, Staffordshire, St Mary: Transfer of the ring of ten bells from the closed church of St John, Hanley, Stoke on Trent. Siston, Gloucestershire, St Anne: Replacement 4[th] bell. Whaley Bridge, Derbyshire, Whaley Hall Retreat: Two chiming bells.

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The potential projects at Combs, Suffolk and Sutton Montis, Somerset are no longer to take place and bells allocated to these projects have either been offered elsewhere or are in stock awaiting relocation.

Quarterly issues of the Surplus and Required Bell lists continue to be distributed by email to the Bellhanging trade, Diocesan Bell Advisors and interested individuals .

It is very disappointing that we have failed to receive any Church Building Reports this year from Churchcare despite many requests. The last update we received was on 2[nd] March 2022. We now rely on articles in the media to give us advance warning of churches that might close.

Funds held as custodian trustee on behalf of others

The charity and trustees do not act as custodian trustees.

Financial review

The Trust spent £31,893 on acquiring bells with a further £1,116 spent on removal, transport, bell-work and storage. We received £10,480 for bells sold during the year.

Our operational costs increased from £1,960 to £2,287 this year. An anonymous donor has covered the entire operational costs.

Investment income increased from £2,070 to £5,419; no legacies were received during the year, last year we received £4,531. General donations decreased from £11,778 to £8,330.

Grants & donations for the year total £38,050 and comprise of:

We paid grants totalling £15,608 to: Car Colston, Nottinghamshire; Katoomba, NSW, (RC); St Anne’s on the Sea, Lancashire; St Cleer, Cornwall; Siston, Gloucestershire; Slapton, Buckinghamshire.

We have offered to donate bells valued at £22,442 to Compton Dundon, Somerset; Farleigh Hungerford, Somerset; Filby, Norfolk; Harby, Leicestershire; Marshchapel, Lincolnshire; Piddinghoe, East Sussex (project completed) and Todwick, South Yorkshire.

Outstanding grants and donations total £166,566 which includes bells to the value of £111,310; grants of £19,020 to projects where our offers have been accepted but the work has yet to be completed and bells & grants totalling £36,236 that have been offered but not formally accepted by the respective parishes.

During the year a loan of £15,000 was paid and we were repaid £52,976. At the year-end outstanding interest-free loans total £32,740 and appear in our accounts as an asset as we expect all to be re-paid.

At the year-end our restricted Bell Rescue Fund had assets worth £189,023 including bells to the value of £111,310 that the Trust is donating to projects but awaiting installation. A sum of £39,535 has been included in our liabilities for outstanding work on bells or acquisition of bells with a further £3,419 allocated for potential storage charges.

The level of reserves is set by the trustees and may be changed at any time depending on circumstances. The current policy is to cover the expected operational expenses for the next 12 months plus an additional 100% contingency for unexpected costs; the reserves also allow for potential donations of 50% of bells held in stock by the restricted Bell Rescue Fund. Our financial history shows that we have donated 47% of the bells acquired by our Bell Rescue Fund.

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We have had another successful year and look forward to 2024 where we expect more projects to be completed.

David Preston, Chairman

6[th] January 2024 For and on behalf of the Keltek Trust.

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Keltek Trust registered no. 1154107

KT_annual_accounts_2023.doc

Accounts for the year to 31[st] December 2023

1. Receipts & Payments Account

Income receipts
Notes
Grants and Donations
Gift Aid
Tax reclaimed
Sundry Donations
Legacies
Trading Activities
Sale of bells
1
Investment Income
Bank interest
Loan repayment (bell work)
2a
Total Receipts
Direct Charitable Expenditure
Purchase of bells (second-hand)
Deposits for second-hand bells
Removal, storage, bell-work
Bell installation/restoration
projects (grants etc)
3a
Other Expenditure
Data Protection Registrar
Telephone & postage
Office consumables
Travel & accommodation.
Office equipment & renewals
Bank charges
Loans for bell-work
2b
Total Payments
Transfer between funds
Grants and donations
3b
Transfer
4
Net receipts for the year
Balances at 1stJanuary 2022
Balances at 31st December 2022		 Unrestricted
Funds
£
6,141
1,365
824
-
8,330
-
-
5,419
52,976
58,395
66,725
-
-
-
15,608
15,608
35
704
143
921
424
60
15,000
17,287
32,895
(22,442)
17,554
28,942
62,586
91,528		 Restricted
Funds
£
-
-
-
-
-
10,480
10,480
-
-
-
10,480
31,893
-
1,116
-
33,009
-
-
-
-
-
-
-
0
33,009
22,442
(17,554)
(17,641)
119,360
101,719		 Total
Funds
£
6,141
1,365
824
-
8,330
10,480
10,480
5,419
52,976
58,395
77,205
31,893
-
1,116
15,608
48,617
35
704
143
921
424
60
15,000
17,287
65,904
-
-
11,301
181,946
193,247		 Total
Funds
2022
7,845
2,033
1,900
4,531
16,309
500
500
2,070
-
2,070
18,879
18,885
(3,800)
15,841
28,582
59,508
40
453
430
956
-
81
-
1,960
61,468
-
-
(42,589)
224,535
181,946

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Keltek Trust registered no. 1154107

KT_annual_accounts_2023.doc

2. Statement of Assets and Liabilities on 31[st] December 2023

Notes
Monetary Assets
Bank Accounts
5
Outstanding loan repayment(s)
6
Total
Liabilities
Purchase of bells
7
Storage of bells
8
Outstanding grants & donations
9a
Outstanding grants & donations
which are excluded from the
annual accounts.
9b
Interest-free loan offers
10
Total
Non Monetary Assets
Bells acquired by Trust
11
Total		 Unrestricted
Funds
£
91,528
32,740
124,268
-
-
130,330
36,236
16,000
182,566
-
-		 Restricted
Funds
£
101,719
-
101,719
39,535
3,419
-
-
-
42,954
189,023
189,023		 Total
Funds
£
193,247
32,740
225,987
39,535
3,419
130,330
36,236
16,000
225,520
189,023
189,023		 Total
Funds
2022
181,946
70,716
252,662
86,275
2,540
133,075
40,368
31,000
293,258
179,343
179,343

Notes to the Financial Statements for the year ended 31[st] December 2023

1 Restricted Funds: The Bell Rescue Fund is a capital fund and used solely to acquire bells.

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10 We have offered an interest-free loan of £16,000 to Marksbury, Somerset for a bell restoration project.

11 Bells have been valued at the acquisition cost. The amount includes the value of bells being donated to projects (see note 9a).

INDEPENDENT EXAMINERS REPORT

I have compared the above financial statements with the books, records and other information produced to me and certify them to be in accordance therewith.

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