REGISTERED CHARITY NUMBER: 1176520 RT FTHET STE AND UNAUDITED FINA14CIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024 FOR ARD'S CHARITY Chartered Accountants Unit I, Cambridge How%e Catnboro Busine55 PaTk Oakington Road, Ginon CAMBRIDGE cam7dgeShIr¢ CB3 OQH
HAR[ OR HURCH LANDS CONfENTS OF THE FINAN IAL STATEMEf4TS E YEAR ENDED 31 DECEMBER 2024 P•g¢ R¢port of the Tru5tee5 I to 2 Indeptndent Ex8miner's Report StAtement of FiDaDtial Attivltles Bg18Dte Sheet Note5 to tbe Flnnelal Sttemeuts 6 to 10 Detslled Ststsment of FiDAntial Activities
WARD'S CHARITY OR CHURCH REPORT OF THE TRUSTEES R THE R ENDED 31 DECEMBER 2024 The tn]stees preseni iheir report with the fiT]e]a1 statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.- Statement of Recommended Practice opplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 leffe¢tive l January 2019). Ward's Charity w&s founded in ihe 16th cenry with a bffjuest of agricultural land from the esta¢e of Mr Joiin Ward. The Charity's original putPOS¢ wa4 to support the upkeep of St Mary's Church Sawston and the road to Patnpisford. Today, the chority's purpose is to prowde funth.ng forthe general Pu)se$ of the Church. Over the severdl hundra years of the Charity's ex1cn¢t years, most of the Charity's land holdings have been sold off and the prCedS and related income applied to rnntn the fabric of the Church, leaNing around 8.5 acres in two blocks south of Babraham Road. The renta] income from this was atound £600 per year- a very modest amount relative 10 the costs of maintaining the Chureh. This land was sold in September 2022. with the proceeds of tht sale, greatly iner&gsing Ward's Chity's ability to pursue it5 pu]pose of supporting Si Mary's Church. wh]'ch play5 a unique and iTnportant Tole in the centre of our comrnunity. oR1EIVEs AND AcfiviTIES Objectives 8Dd aims The aim of ihe CIO is to prowde fvnding to applied to general purposes of the Church of St Mary the Virbyn, Sawston, Cambridgeshire. The CIO is committed io m&ximising the revenlle avoilable for its stated obj¢¢tives. Publ1¢ beneflt The trustees have cornplied with their duty in the 2011 Charities Act to have due regard to guidance published by the Charity Commission. ACHIEVEMENTS AND PERFORMANCE Charitabl¢ aditIeS With the completion of the land salt and the relpt of the final payment, the c1]ty has been able to provide SUbalia1 grnnis to St Mary's Church for the upkeep of the fabric and other pU•stS. The Charity bas fom)alised the way in which grants will be sought by the PCC of St Mary's and the mean5 by which the trustees will approve them. FINLNCIAL REVIEW Financi81 position The CIO income derived fJDm rent from a loca] faTTher and investment income from Cantab Investments (now Canaccord Wealth). The CIO also received the fjnal payment for land at Babraham Road, Sawston sold to Redrow. Reserves policy The Charity's Teserves are Tnaintained in order to allow investment income to be generated to be applied towanls the Charity's obje¢tives. Total JYs¢Nes as ai 31 December 2024 sicA)d ai £8,199,328. STRUCTURE GOVER]¥ANCE Af4D WAGEMENT Governing document The charity is govemtsj by its Constitution as a CIO dTawn up in 2018. RecruitslleDt and appointrneDt of new trustee5 New iruste<% are appointed by the existing trustets as necessary. The viw and chur¢hwardens of St Mary the Virgin, Sawston are ex officio trustees. Decision m8kin8 All de¢ision5 are made in meetings attended by all the trusitts available. Risk m*nagtment The tnjstees have a duty to identify and revÉew the risks to which the charity is exSed and to ensure appropriate controls aTe ITL place to prowd¢ Teasonable as5u]3nce against fAud and eTfoT. The major Sk$ to which the charity is ex]x)sed have been identified by the inJst¢e% and ffviewed. Page I
WARD'S CHARITY OR CHURCH LANDS REPORT OF THE TRUSTEES R THE YEAR ENDED 31 DECEMBER 2024 REFERENCE AND ADMINISTRATIVE DETAIIS Regi$tered Cbirity llumber 1176520 Prln¢lpal address The New Vicardge Church tane Saw5ton CAMBRII)GE Cambridgeshire CB22 3JR Trustees R Mansfield Chair R G '¢hond M% M C M Di¢ken J D CTOmPton Ms M Watson (resign&J 251412024) Rev K J Waite Dr C F Roughley S Aplin (appointed 8151202S) Independent ExamiD¢r Matthew PettifeT FCA Staffords Chartered Accountants Unit l. Cambridge House Camboro Bubinebs PaTk Othngton Roa(L Ginon CAMBRIDGE Cambridgeshire CB3 OQH 2411012025 App]tsved by order of the board oftNstee5 on............................................. and signed on its behalf by.. J D Crompton- Truste Page 2
INDEPENDENT EXAMINER. WARD'S CHARrrY OR CHURCH LAND TO HE TRUSTEE Independent ex4tn5Der'$ report to the trnstee5 of Wxrd's Charlty or Church Land$ I report to the charity trustees on My examination of the accounts of Ward's Charity or Church tands (the Tn) for the year ended 31 December 2024. Rrtpon$ibilitie5 and bAsi5 of report As th¢ charity TruseS of the Trusi you are Tesponsible for the preparaiion of the accounts in accordance with the reqU1mentS of the ChaTitie5 Act 2011 Vthe Act,). I rtport in respect of my examination of the Ttust's accounts ¢ani¢d out under Section 145 of the Aci attd in carrying out my examination I have followed all applicable Directions wven by the ChaE]"ty Commission under sli0n 145{5Kb} of the Act. Independent exominer'$ statement I have completed ]ny examination. I confjrni that no material matter5 have come to rny attention in eonnection with the examinaiion giving me cause to believe that in any materia] respect: ounting rttords were not kept in respect of the Trust as requiied by Section 130 of the Act. or the accounts do noi acc4)rd with those re¢ords- or the a¢¢ounts do not comply with the applicable requi]Ements ¢on¢eming the form and content of accounts out in the Charities {A¢counts and Reports) Regulations 2008 oiher ihan any requirement that the cOUntS giv¢ a tDJe and fair view which is not a matter considered as part of an independent exam1TtiOn. I have no concerns and have come across no other m8tters in cotjnection with the examination to which attention thould drawn in ihis Jwrt in order io enable a proper undeNanding of the accounts to be reached. Motthew Pettifer FCA The Institute of Chartered Accountants in End and Wales StaffoTds Chaner&l A¢¢ountanls Unit I, C2mbridge House Camboro Bwsin¢ss Park Oakington Road, Girton CAMBRIDGE CaTnbridgethre CB3 OQH Date:........... Page 3
WARD'S CHARITY OR CHURCH LANDS STATEMENT OF FINANCIAL ArfivITIES FOR THE YEAR ENDED 31 DECEMBER 20 2024 Unresthcted fund 2023 Total funds Notes INCOME AND ENtK)WMENTS FROM Investment income 179,(K>2 54,361 EXPENDJTURE ON Charitable actitIeS Sawston Parish Church 81,568 108,033 N¢t gains on investments 4,638 NET INCOMEI{EXPENDITURE) (hher re¢ogni$ed yinsl{10$ses) G8ins on revaluation of fixed &ts 97,434 {49,034) 291.034 270.408 Net mov¢m¢Dt In 388.468 221.374 RECONCILIATIof4 OF FUNDS Total ftmits brought forward 7.811,060 7,589,686 TOTAL FUNDS CARRIED FORWARD 8,199,528 7,811,060 The notes fonn part of these financial staiemenis Page 4
'S CHARITY OR CH LANCE SHEET 31DE EMBE 2024 U]]restricted fund 2023 Total Note5 FIXED ASSETS Jnve5t]nent5 7,935,446 5,294,450 CURRENT ASSETS Debtors Cash at bank 2.392,563 125.246 265.342 265.342 2,517.809 CREDITORS Amounts falling due within ODe y 11,260) (1,199} NET CVRRENf ASSETS 264,082 2,516,610 TOTAL ASSETS LESS CURRENT LIABILITIES 8.199.528 7.811,060 IYET ASSETS 8.199.528 7,811.060 FUNDS Unrestricted ndS 10 8,199,528 7,811,060 TOTAL FUNDS 8,199,528 7,811,060 The fInancial statements were zpproved by the Board of Trustees and auth0ri5ed for issue 2411012025 . and were signed on it5 behalf by= on J D Crompton- Twstee The notes forni pan of these financial statements Page 5
NOTES TO THE FINAP4CIAL STATEMETrirs FOR THE YEAR ENDED I DECEMBER 20_24 ACCOUNfiNG POLICIES Basis of preparing the financial 5tatemettts The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepartd in accordance with the Charit2e5 SORP {FRS 102) 'Accountin8 and Reporting by Charities.. Siaiement of Recommended Pracrice applicable to clkrities PTeparing their accounts in attordantt with the Finathcial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective l January 2019),, Financia] Reporting Standard 102 The Financial Reporting Standard appli¢able in the UK and Republic of Ireland. and the Charitie5 Act 2011. The flnancial statements have been prepared under the histori¢al cosl convention, with the exception of investments which are included at market va]ue. as rnodified by the revaluation of certain assets. Income All income is rttognised in the Statement Of Financial A¢tiwties once the Charity h&s entitlement to the fund5. it is probable that the income will be re¢eived and ihe amount Can be measwed reliably. Expendltsr¢ Liabilities are recognsed &s expenditure &s soon as there is a legal or constnJctiv¢ obligwion Committing the chariry to that expenditure, li is probable that a transfer of economic benefits will be reouited in settlement and the atnount of the obligation can be MUred reliably. Expendire is accounted for on an basis and has been cl&ssified under headings that agate a]1 cosi related 10 the category. WheTe cosls canntst be directly attributed to particular headings they have been ailocaled to activities on a basis consist¢nt wilh the use of resourtts. Grants olTered sub3eu to conditions which have not been met at the year end date are noted a5 a cotnmitment but not ac¢Tued as expenditure. T8X8tion The charity is exempt from on its charitable activities. Fund atcounting Ut)restri¢¢ed funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds Can only be used for particular restriaed purwses within the objects of the Charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purpose5. Furthw explanation of the nature and PUTpose of each fund is included in the notes to the financial statements. Fixed a55et investments Fixed asset invesimettLs comprise listed investmcnt& and these are slated at theLT TnaTk¢t va]ue a5 at the period end date. INVESTMENf IP4COME 2024 2023 Rents rtteived Diwdends received Deposii a¢¢ount inierest 146 173,024 5.832 146 36,26 17.954 179,002 54.361 Page 6 continud...
RCH LANDS NOTES TO THE FINAN IAL STATEMENTS- FOR THE YEAR ENDED 31 DECEMBER 2 GRANTS PAYABLE 2024 2023 Saw5ton Parish Church 55,199 96,592 Grants tt> institutions comprises grants of £55.1119 12023..£96,592) paid to the Parochial Church Council of the Chureh of Si Mary the Sawston. TRUSTEES, REMUNERATION AND BENEFITS There weTe no tTUStees' remuneration or other benefits for the year ended 31 DeCemr 2024 nor for the year ended 31 Dec¢mber 2023. Trustees. expenses There were no trustees, expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. STAFF COSTS The chariiy has no employee& and therefore no staff costs were incurred during the penod. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Uorestricted fund INCOME AND ENDOWMENfs FROM Investment income 54,361 EXPENDITURE ON ChArlt*ble #¢t1tIeS Saw5ton Parish Church 108.033 Net gains on investments 4.638 NET INCOMEI{EXPEP4DITURE) Other recogDi5ed gaitt51{losse$) Gains on revJaIln of fixed assets (49,034) 270,408 Net tnovement in 221,374 RECONCILIATIOT4 OF FUNDS Ttsial funds brollght forward 7,589,686 TOTAL FUTr4DS CARRIED FORWARD 7,811,060 Page 7 continued...
WARD'S HARITY H LAND NOTES TO THE FINNcIAL STATEMENTS- ¢ondMu FOR THE YEAR ENDED 31 DECEMBER 2024 FIXED ASSET INVESTMEf4TS Listed investments MARKET VALUE At l January 2024 Additions R¢vo]llaiions 5294,450 2,349,962 291,034 At 31 December 2024 7,935,446 NET BOOK VALUE At 31 December 2024 7,935,446 At 31 December 2023 5,294,450 There were no investment &S5&5 Outside the U Cost OT valuation at 31 DecembeT 2024 is represented by.. Li*ed investments Valuation in 2024 7,935,446 If fixed asset investments had not be£n revalued they would have been ineluded at the followin8 historical cost.. 2024 2023 Cost 7.374,(M)3 5,024.043 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other debtors 2,392,563 Page 8 continued...
WARD'S CHAIUTY OR CHUR NOTKS TO THE FINANCIAL STATEMENTS- R THE AR Ef4DED JI DECEMBER 2024 DtiDued CREDITORS: AMOUIYTS FALLING DUE WTHIN ONE ITAR 2024 2023 Othercreditors 1.260 Jo. MOVEMENT IN FUNDS movement in funds At 31112124 At 111124 Uw¢str5cted fvnds General fimd 7,811,060 388,468 8,199,528 TOTAL FUNDS 7.811,060 388,468 8,199,528 Net moveanent in thnds included sn the above are as follows.. Incoming resources ResoUe$ expended Gains and losses Movement in fund5 Unresttrl¢ted fud$ General fund 179.(K)2 (81,568) 291,034 388.468 TOTAL FUNDS 179,002 181.568) 291,034 388,468 Comp8r8tive5 for movement fund5 Net mov¢meDt in fid& At 31112123 At 111123 unreStrtrt funds General fund 7.589.686 221,374 7,811,(K)O TOTAL FUNDS 7,589,686 221,374 7,811,( Comparative net movement in nds, included in the above are &$ follows.. IncoTning resources Re50urce5 expended Gains and losses Movement in funds Unrestricted funds Generdl fvnd 54J61 {108,033) 275.046 221,374 TOTAL FUNDS 54,361 {108.033) 275.046 221,374 Page 9 continued...
CHARJTY OR CHURCH LANDS NOTES TO THE FINANCIAL TATEMENTS- continued THE YEAR ENDED JI DECEMBE o. MOVEMEP4T IN FUNDS- cotstinued A current ye4r 12 months and prioryear 12 tnonths combined p05ilion 15 as follows-. Net ]novement in funds At 31112124 At IllQ3 Unresirieted funds Generdl nd 7.589,686 609,842 8,199,528 TOTAL FUNDS 7.589.686 609.842 8,199,528 A cutrent year 12 month5 and prior year 12 months combined net movemen¢ in funds included in the above are as ftkllows.. Incoming resources Resourt expended Gains and losses Movement in funds Unrestri¢ted fullds General fund 233,363 1189,6011 566,080 609,842 TOTAL FUNDS 233,363 1189.601) 566,080 609.842 RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 De¢ember 2024. 12. INDEPENDENT EXAMINER'S REMUNERATIOT4 The independent examiner received total remunerntion of £1,050 plus VA T {2023.. £1.000 plus VAT). Page 10
'S CHARITY OR CHURCH LANDS ETAILED TATEMEf4T OF FINANCJAL AC FOR THE YEAR ENDED 31 DECEMI BER 2024 Tl 2024 2023 INCOME AND ENi)OWMENTS InYestmeDt iDcome Rents rtteived DidendS Te1ve Deposit account iniere 146 36,261 17,954 173.024 5,832 179,002 54,361 Total ineoming resources 179,002 54,361 XPENDITURE Ch#ritxble aCtitieS Grants to institutions 55,199 96.592 Support ¢o$ts F5nonce Invcstment management costs Bank charges 24,412 61 10.166 75 24,473 10241 Govern8nce costs Accountawy L£gal fees 1,656 240 1,200 1.896 1,200 Total rUrCeS expended 81.568 108,033 Net iDeomel(expenditure) before gains and 105se5 97,434 {53,6721 ReAli5ed recogD15ed gains and 1055es Realised gain¢llo&se%) on fixed asset investmenis 4.638 Net lucomel(exptnditUTe) 97,434 149,0341 This page does not fom part of the statutory financial statements Pagell