REGisfERED CHARTfYNur*W4BK. 1175843 REPORT OF THE TRuE$ AND UNAUDITED FINANCIALSTATEMENIS FOR THE YEAR EIYDED 31 MARCH 2025 THE HOUGHTON COMMUNITY BENEFIT FUND
THE HoucwfohT c0mhluM BENEFrr FUND for th¢ Year Ewled 31 Mreh 21Tr25 RHrt of the Tru8¢¢ I to 2 Bla#eeSbe 5 to 6
THE HOUGITfoN COMMUNITY BENEFIT FiJND REPORT OF THE TRUSTEES for the Year Ended 31 March 2025 The trustees present their r¢]kn with the finan¢ial 5tat¢ments of the charity for the year ¢nd¢d 31 MaTch 2025. The tr have adopted the provisions of Accounting and Rep)rting by Charities: Staiement of Recommended P]¥ctiee applicable to charities preparing their aKounts in accordance with the FInaTKI Reporting Standard applicable in the UK al Republic of Irelttnd {FRS 1021 (effectiv¢ l January 2019). OBJECTIVES AND ACTIVITIES ObJectlv4 alms •Dd grathtm8klth8 Theobjectsofthe Charity are to pr0yidegrat forthe ben¢fit of thepArishioners living intheparish of Houghton. Hampshire. The m8king of a 8r4nl is initiatsl by an individual Parishiorter or an institution having close connection with the parish apptying to thetru5tee5 in a Set fonnat. The Inee5 rnake ade¢ision on whctheragranl should bemade gnd have a chttklist of objectives th the gMt should satisfy. In decidtng whether io make a the trustees have re88rd io the Charity Commission's 8uidance on public benefit. The wts so far made are 1 )nected with the t$h and activities condu(ed thereln. FINANCIAL REVIEW FID8ncl&l r¢view The fi]wicial p)5ition of the charity is slw)wn by the findla1 statements attached to this le1. The ¢harity w8s fuNJed initially by reeeipt of a donation from th¢ d¢v¢loper5 of a solar farni lOted within th¢ parish boundari4 less certain le881 expenses. The charity is not actively 5¢eking furth¢r funds by fiJndAi$in8 a¢tivities. Inves¢m¢nt polley aod reserves The Trustees consider that in view of its substsntial ¢ndDwmenL #nd the one-off I(Ure ofthatsourc< the fijnds ofthe charity should be available ftir the bertefit (If its obj¢ctive$ over a CODsiderable ltsd. Acwrdingly. th¢ greater part of lh¢ reserve5 of the charity are held in unit trusts for the medium ttmj. However, where the Trustees consider it appropriate, may be made in ¢xc¢ss of ¢h¢ annual income of the charity. Th¢ r¢sep4¢s the year end of £549,62612024 - £551.3151 ate therefore held in fitlfiltnent of thi5 policy. Investmwt perfornianee The tru5te¢5 dld that the investments held forthe longtenn should be splii benveena fund seekings(Nne protection In the event of a severe downtwn in the markets atKI a fid aiming to achieve steady long terni return. In the yw urtder mxew, the fimds incrwed modeTately in value in line with the markets, th¢ Ite¢S consider that this mix ntinUeS to prove its worth overn]l &$ the investments have increased in value ovrrall substantially since they were made in 2018. The tnjstees 11 ¢ontinue to Teview gUlarlY the progress of the invesbnfflts. STRUCTUR& GOVERNANCE AND MANAGEMENT Governing document The clwity is & Chpritabl¢ InpOrated Organisation and is8ov¢rned by its constitution. It w&$ forn)ed on 21st November 2017. ApptslTrthie]It of trysttts The trLLSt may have a maximwn of 9 truses. of whom th¢ c¢Thtitution Jrquires that 2 gre nomlnated by the Parish Coun¢il and one eoch by the Parwhi41 chUh Council and by the Village Hall Committee. The remaining trustees have be4A appointed with a vlew to providing a wide sc¢Jp¢ of local Contsct aryvor nxe55ary knowledge. REFERENCE AND ADMINISTRATIVE DETAIts RegSstered Ch4rlty number 1175843 Prirttlpal addres$ Blackjake Farni Houghton Stockbridge $020 6LT Pa8e I
THE HOUGHTON COMMUNITY BENEFIT FUND REPORT OF THE TRUSTEES for the Year Ended 31 March 2024 Trustees IPBurt J M Scougall M J W(x)dhall R J Pricsilcy M J Bryars L Aitken D A Lewis E Sedgwick A Dougall Bgnkers Lloyds Bank plc PO Box 1000 Andover BXI ILT Approved by order of thc board of tru$ie¢s on l Y, April 2025 and signed on its behalf by.. R J PTie5tl¢y- TTUStee Page 2
THE HOUGHTON COMMIINfTY BENEFIT FUND STATEMENTOF FINA]YCIAL AcfiviTILS for tbe Yer Ended 31 Mar¢b 2025 31J.25 31.324 fund fund INCOME AND ENDOWMENTS FROM Investmeth iTKome Tot1 8288 8.436 EXPENDITURE ON Ch8rltsble A¢tlvl¢ks Grnnts connec¢•J with Hougkni Parish 21508 6J46 S08 12204 Net g8insl{losses) on snv¢5¢m¢nts 59 NET INCOMFJ(EXPENDITURE) (1.689) (1669) RECONCILIATION OF FUNIKS Tot81 brwght forward 551.315 553,984 TOTAL FUNDS CARRIED TrDRWARD 549.626 551
THE HOUCIiTON CorMuNITy BENE FUND BALANCE SHEET 31 Marcb 21125 31J25 31.324 futtd fid FIXED A&SETS Inve5tm¢nts 534226 521.696 CURRENT ETs 23,980 29.619 CREDITORS AmLMmts f8]lin8 withiD one year 8J80 NET CURRE ASSE75 TOTAL ASSETS LFSS CURREI LIABILITILS 549,626 55lJ15 NET ASSETS 551 FUNDS 551 549 626 15 TOTAL FUNDS 549.626 551315 The finala1 5tst¢m¢nts*ve 8pwoNThl by theB(th ofTrll#e and autho fr issue on IP April. 2025 andwere si1 on its b¢holf by.. MJBryars-Tn
THE HOUGHTON COMMUNITY BENEFIT FUND NOTES TO THE FINANCIAL STATEMENTS Tor the Year Ended 31 M8rch 21llS LEGAL FORM OF CHARrrY The Houghton Cornrnunty Benefit Fund is 8 Chlble Inc4JrF¥)Tated Organisation rr8i5tcred in EnglaTMI. Its regIsred eharity number 1$ 1175843 and its principal th i& Blacklake Fami HoUghn stkbridge S020 6LT ACCOUNTING POLICIES B##b olpreparlDg tbe flnAnclal ststemellts The fin9ncl ststements of the ¢h8rity, which is a publi¢ brn¢fit ¢n¢ity ynd¢r FRS 101 hav¢ been wepared Accordance with th¢ ChaTiti¢s SORP (FRS 1021'Ac¢owtting atKI Reportin8 by Charitte5: Staternetrt of Rccornmcndcd Praciice applieable to charitie5 preparing their ac¢ounts in accordance with the Financial RertItig Standard applicable itt the UK ar Republic of IrelarKI (FRS 1021 (effective l January 2019y. Financial Reporting Standard 102 The Financial Reporting Standard applicable in th¢ UK and Republic of Ir¢l8nd' and the ChaTiti¢s A¢t 2011. The financial statements have been prepared underthe historical ¢os¢ wJv¢nti¢yJ. with ¢X¥Wion of inve51ments which IncIjed at rnarket value. as modified by reva]uation of certaln assets. IDeome All income is recognised in the Slatement of FiTwicial Activities onte the eharity h&$ eAtitlement to the ttds, It Is probable that the income will bE re¢¢iY¢d ¥nd the amowlt be measured reliably. Expendlture Liabilities are recognised &4 expendibJre as soon as there is a legal or constructive obligation committin8 th¢ chaTity that expenditure. it is probable that a transfer of ecoM)mic b¢nefits will be requir¢d ID s¢ttl¢tn¢nl and the amountof the obligation b¢ measured reliably. Exp¢ndibJre is accounted for on accruals b&sis and h&$ been ¢12ssified nder h¢adings that awegat¢ all cost r¢latrd to the cAgory. Where costs canrtot be dIrtlY tributgJ to porticu]ar heodittgs they have been ailwa¢ed to artivities on a basis consistent the use of resources. arants off¢r¢d subje¢t to conditions whith have not be<n met at the yevend arc noted as a cotnrnilrnent but not a¢erued as exp¢ndithTe. Taxadon The chOTity is exempt ftom t&Y on its charitable artivitie* Fund accountfing Unr¢5trictd funds can be used in aec£)rdanee with the ¢haritable objectives at tlK disLYetion of the trust¢e5. Restricted fidS can only be for particular restricted purposes withirt the objects of the charlty. Restrictions arise wh¢n specified by the donor or when fid5 #re raised for particular restricted purposes. Further explanation ofthe nature artd purpos¢ of fund is included in tlt¢ nol¢s to the financial statements. P88e S Continu...
THE HOUGHTON COMMUNITY BENEvrf FUND NOTES TO THE FINANCIAL ATEmENTS- comthi¥od for the Year EDded 31 March 2025 INVESTMENf INa)ME 313.25 31J.24 Distributions from lt D¢wJsit aOunt interesi 7.755 533 7.914 522 436 TRUSTf£S' REMiJNERATION AND BENEFIIS There were no tru#tes' remuneAtion or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trwtees. expemes Thue p¢lL ld forth¢yewa¥Jed 31 Marth 2025 for the year ended 31 Marth 2024. FIXED ASSEY INVLSTfdEiYTS Investm comprise holdings in open ended InVesth fimds with a of £450.(#)0 (2024. £450.000). Thq ar¢ st¥ta4 in the finarKid statemams at market value at the ye4r £534226 (2024- £521.696). Th¢ inu¢&4e iii valu*iryJ dwingth¢year of£ll530 (21Y24. decrt4se of £4J59) is trans to ts inrne for theyeu. CREDITORS: AMOUNTS FALUNG DUE WH1 ONE YEAR 31J25 31324 Other¢reditl)TS.' m5 paYk CHARfTY's FUNDS The h&5 ooty on¢ repre$ting all its assa& lrt with th¢ r¢quirtyn¢nts for the accout of cl11tie4 that fund is shOaS ag¢n¢ral fund and unresffiaed. Thi5 m¢ans thatth¢ ¢harity fundamentally comprises one representingall itsa$5¢ts (afterdcdllg?Y liabilities) thot furtd mty be ud as the Trustees consider proper to satisfy the objects of the cknty. RILATED PARTY DISClnSURLS Th¢re w#¢ r¢l8tyJ party tran1(4)$ fortheyear 31 2015. ontinkned...