REGisfERED CHARTfYNur*W4BK. 1175843 REPORT OF THE TRu￿E￿$ 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 M*reh 21Tr25 RH￿rt of the Tru8¢¢ I to 2 B*la#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 In￿ee5 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$h and activities condu(*ed thereln. FINANCIAL REVIEW FID8ncl&l r¢view The fi]wicial p)5ition of the charity is slw)wn by the find￿la1 statements attached to this le1￿. The ¢harity w8s fuNJed initially by reeeipt of a donation from th¢ d¢v¢loper5 of a solar farni lO￿ted within th¢ parish boundari4 less certain le881 expenses. The charity is not actively 5¢eking furth¢r funds by fiJndAi$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 d￿ld￿ 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 fi￿d aiming to achieve steady long terni return. In the yw urtder mxew, the fimds incrwed modeTately in value in line with the markets, th¢ I￿￿te¢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¢ In￿pOrated 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 trus*es. of whom th¢ c¢Thtitution Jrquires that 2 gre nomlnated by the Parish Coun¢il and one eoch by the Parwhi41 chU￿h 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 Ye*r Ended 31 Mar¢b 2025 31J.25 31.324 fund fund INCOME AND ENDOWMENTS FROM Investmeth iTKome Tot*1 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 Cor￿MuNITy BENE￿ FUND BALANCE SHEET 31 Marcb 21125 31J25 31.324 futtd fi￿d 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 fina￿la1 5tst¢m¢nts*ve 8pwoNThl by theB(th ofTrll#e￿ and autho￿ fr issue on IP April. 2025 andwere si￿1 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 Ch￿l￿ble Inc4JrF¥)Tated Organisation rr8i5tcred in EnglaTMI. Its regIs￿red eharity number 1$ 1175843 and its principal th i& Blacklake Fami HoUgh￿n st￿kbridge 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 Re￿rtItig 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 IncI￿jed 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 cA*gory. Where costs canrtot be dIr￿tlY *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