## **KELMARSH WINDFARM COMMUNITY BENEFIT**
**REGISTERED CHARITY No. 1177667**
**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
**KELMARSH WINDFARM COMMUNITY BENEFIT**
**1**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**_____________________________________________________________________________**
Trustees Mrs B Messinger (Chairperson) (resigned 10/03/2025) Mr A Blake (Secretary/Treasurer) Mrs S Paybody Mr I May Mr J Walsh (Vice Chairperson) Mr S Davies Mr P Burditt Ms D Brown (appointed 12/06/24)
Charity No 1177667 Registered office and principal address 1 High Street Clipston Northamptonshire LE16 9RU Bankers Santander UK plc 60-64 High Street Kettering Northamptonshire NN16 8SA
**KELMARSH WINDFARM COMMUNITY BENEFIT**
**2**
## **ANNUAL REPORT**
## **YEAR ENDED 31 MARCH 2025**
## **_____________________________________________________________________________**
The Trustees present their report and accounts as a charitable incorporated organisation (CIO) for the year ended 31 March 2025. This report is prepared in accordance with the charity constitution and the recommendations of the Statement of Recommended Practice — Accounting and Reporting by Charities and complies with applicable law.
## **Objects**
The principal object of the charity is the promotion of any exclusively charitable purposes for the benefit of the community in the parishes of Clipston, Haselbech, Kelmarsh, and Naseby, in the county of Northamptonshire, and in particular: The advancement of education, the protection of good health, both mental and physical; and the relief of poverty.
## **Structure, Governance and Management**
The CIO was established on 22 March 2018 and is regulated by a constitution, as amended at 16 February 2023.
## **Trustees**
Details of the Trustees who have served during the year and since the year-end can be found on page 1.
## **Appointment of Trustees**
The constitution’s regulations provide that the body of trustees is a minmum of 4 and a maximum of 8 residing in the parishes of Clipston, Haselbech, Kelmarsh, and Naseby, in the county of Northamptonshire. Where there is a requirement for new trustees, these would be identified and appointed through village parish meetings.
The charity trustees will make available to each new charity trustee, on or before his or her first appointment:
## (a) a copy of the current version of this constitution; and
(b) a copy of the CIO’s latest Trustees’ Annual Report and statement of accounts.
## **Public Benefit**
The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the charity’s aims and objectives, and in planning future activities.
## **Administration and Meetings**
The charity has a trustee who takes minutes and circulate them. The trustees schedule meetings, and monitor all financial activities and records all grant application information.A trustee manages the administration, payments and prepares account documents.
## **Risk Management**
The trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.
**KELMARSH WINDFARM COMMUNITY BENEFIT**
**3**
## **ANNUAL REPORT YEAR ENDED 31 MARCH 2025**
**_____________________________________________________________________________**
## **Activities, Achievements and Plans for the future**
During the year under review, the charity made grants totalling £27,935 compared to £34,734 last year, see note 2. These grants were given to assist individuals and institutions in the area of benefit in accordance with the objects of the charity. The total income for the period under review was £33,543 compared to £33,164 in the prior year.
The objective of the trustees is to fund enough suitable applicants that grants are awarded to leave the agreed reserves at the end of the year.
In the future the charity will continue to offer grants in line with its objectives, prioritising focussed objectives and communities as the trustees deem necessary.
## **Investment Powers**
The trustees have a general power to invest the funds as if they were absolutely entitled to the trust fund conferred upon them by the Trustee Act 2000. The trustees do not currently hold any investments.
## **Financial Review**
The statement of financial activities on page 6 shows net incoming resources for the year of £33,543. Grant income in the year was £33,368 and bank interest earned amounted to £175. Total resources expended amounted to £29,540 which included £27,935 of grant awards. There was a surplus during the year on the unrestricted fund of £4,003. This compared with a deficit in the prior year of £2,895. At the end of the year, the unrestricted fund stood at £22,694 represented by unrestricted current assets.
## **Reserves Policy**
It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the Charity, at a level which equates to approximately two year’s of administrative costs. This provides sufficient funds to cover management, administration and support costs for more than one year. Unrestricted funds were maintained above this level throughout the year.
**KELMARSH WINDFARM COMMUNITY BENEFIT**
**4**
## **ANNUAL REPORT YEAR ENDED 31 MARCH 2025**
## **Trustees’ Responsibilities**
The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards.
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year that give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources for the charity for that period. In preparing these financial statements, the trustees are required to:
- Select suitable accounting policies and then apply them consistently;
- Observe the methods and principles in the Charities’ SORP;
- Make judgements and estimates that are reasonable and prudent;
- State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with applicable law, regulations and the constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Advisers**
The trustees wish to record their thanks to all of their professional advisers for their help and advice throughout the year.
On behalf of the board of trustees
Chair 16 June 2025
**KELMARSH WINDFARM COMMUNITY BENEFIT**
**5**
## **ANNUAL REPORT YEAR ENDED 31 MARCH 2025**
## **Independent Examiner’s Report to the Trustees of Kelmarsh Windfarm Community Benefit**
I report on the accounts of the charity for the year ended 31[st] March 2025 which are set out on pages 6 to 10.
## **Respective responsibilities of trustees and examiner**
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- state whether particular matters have come to my attention.
## **Basis of independent examiner’s report**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently, no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.
## **Independent examiner’s statement**
In connection with my examination, no matter has come to my attention:
- 1) which gives me reasonable cause to believe that, in any material respect, the requirements:
- to keep accounting records in accordance with section 130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
- 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
A J Munton
52 Westbury Road Nuneaton
Warwickshire
CV10 8HG
16 June 2025
**KELMARSH WINDFARM COMMUNTIY BENEFIT**
**6**
## **STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2025**
_____________________________________________________________________________________
|**Incoming resources**
**From generated funds**
Charitable activities: Grants
Investment income: Interest
**Total incoming resources**
**Resources expended**
**Expenditure on:**
Charitable activity:
Grants
Support costs
Governance costs
**Total resources expended**
**Net income/(expenditure)**
**Net movement in funds**
**Reconciliation of funds:**
Fund balances brought forward
as at 1 April 2024
**Fund balances carried forward**
**at 31 March 2025**|Notes|Year ended
31 March
2025
Unrestricted
Fund
33,368
175
33,543
27,935
525
1,080
29,540
4,003
4,003
18,691
£22,694|Year ended 31
March
2024
Unrestricted
Fund
32,733
431|
|---|---|---|---|
||2
3
3|||
||||33,164|
||||34,734
425
900|
||||36,059|
||||(2,895)
(2,895)|
||||21,586
£18,691|
**KELMARSH WINDFARM COMMUNTIY BENEFIT**
**7**
## **BALANCE SHEET AT 31 MARCH 2025**
_____________________________________________________________________________________
|Notes
**Current assets:**
Cash at bank and in hand
Debtors
5
**Total assets**
**Current liabilities:**
Creditors: amounts falling due within one year
4
**Net current assets**
**Total assets less current liabilities**
**Represented by:**
Unrestricted funds|2025
41,972
152
42,124
(19,430)
22,694
22,694
£22,694|2024
39,361
313|2024|
|---|---|---|---|
|||39,674
(20,983)||
|||18,691||
|||18,691||
|||£18,691||
Approved by the Trustees on 16 June 2025 and signed on their behalf by:
Chair
**KELMARSH WINDFARM COMMUNTIY BENEFIT**
**8**
## **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025**
_____________________________________________________________________________________
## **1. Basis of preparation**
The financial statements have been prepared on a going concern basis under the historical costs convention as modified by the revaluation of investments, with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these financial. statements. The financial statements are presented in sterling, which is the functional currency of the charity.
The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16th July 2014 (as updated through Update Bulletin 1 published on 2nd February 2016), the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1st January 2015.
The charity has applied Update Bulletin 1 as published on 2nd February 2016 and does not included a cash flow statement on the grounds that it is applying FRS 102 Section 1A.
The charity constitutes a public benefit entity as defined by FRS 102.
## **Accounting policies**
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
## **1.1 Recognition of income**
Incoming resources are accounted for when the charity becomes entitled to the resources, it is more likely than not that the trustees will receive the resources, and the monetary value can be measured with sufficient reliability.
## **1.2 Income from interest and dividends**
This is included in the accounts when receipt is probable and the amount receivable can be measured reliably.
## **1.3 Investment gains and losses**
Investments are stated at market value at the balance sheet date. Unrealised and realised investment gains and losses are shown net in the statement of financial activities and are calculated on the original purchase cost of the investment and not the 'transferred in' value.
## **1.4 Recognition of liabilities**
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
## **1.5 Governance and support costs**
Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice (e.g. legal advice, trustee meetings, accounts).
Support costs are those that assist the work of the charity but do not directly represent charitable activities. These include central functions such as office costs.
**KELMARSH WINDFARM COMMUNTIY BENEFIT**
**9**
## **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025**
_____________________________________________________________________________________
|**1.6**|**Grants payable**|
|---|---|
||Grants payable to third parties are within the charitable objectives. Where|
||grants are offered, the full amount is accrued as soon as the recipient is|
||notified of the grant, as this gives rise to a reasonable expectation that the|
||recipient will receive the grant.|
|**1.7**|**Creditors**|
||Creditors are recognised on the accruals basis at settlement amounts.|
|**1.8**|**Financial instruments**|
||The charity applies the provisions of Sections 11 and 12 of FRS 102 to all of its|
||financial instruments. Financial instruments are recognised in the financial|
||statements when the charity becomes party to the contractual provisions of the|
||instrument. Financial assets and liabilities are offset, with the net amounts|
||presented in the financial statements, when there is a legally enforceable right|
||to set off the recognised amounts and there is an intention to settle on a net|
||basis or to realise the asset and settle the liability simultaneously.|
|**1.9**|**Investments**|
||Investments are recognised initially at cost and subequently at fair value (their|
||market value) at the year-end, with any changes in value recognised in 'Net|
||gains/(losses) on investments' in the statement of financial activities if the|
||shares are publicly traded or their value can otherwise be measured reliably.|
|**1.10**|**Debtors**|
||Debtors are recognised at settlement amount after any amount advanced by|
||the charity. Subsequently, they are measured at the cash or other consideration|
||expected to be received.|
|**1.11**|**Current asset investments**|
||Investments held for resale or pending their sale and cash equivalents are|
||treated as current asset investments. These include cash on deposit and cash|
||equivalents with a maturity date of less than one year held for investment|
||purposes rather than to meet short term cash commitments as they fall due.|
||They are valued at fair value except where they qualify as basic financial|
||instruments.|
**KELMARSH WINDFARM COMMUNTIY BENEFIT**
**10**
## **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025**
_____________________________________________________________________________________
|**2.**
**Grants**
**Grants agreed and paid:**
Hardship grants
Clipston School Theatre trip
Clipston School books
Naseby village band
Stepping Stones
VAS signs insurance
Naseby School
Naseby WI
Naseby church
Naseby speed cameras
Haselbech defib pads renewal
Haselbech security cameras servicing
Obelisk Fence
Naseby Book exchange bench
Replacement Batteries
Naseby School Laptops
Clipston Village Hall Upgrade
Hardship grants
Educational awards
Kelmarsh village web site
Adjustment for unused grant awards
**Grants agreed but not paid at year-end:**
Eveleigh nature trail
Naseby PC war memorial
Naseby PC benches
Naseby book exchange
Educational awards
Hardship grants
Kelmarsh Website
Haselbech speed cameras
Naseby Village Hall Access path|2025
250
1,560
2,219
1,445
3,726
84
1,150
1,250
4,170
2,700
78
6,653
1,588
(1,688)
828
1,295
627
£27,935|2024
540
906
1,500
10,000
1,976
654
233
150
10
194
175
15,600
2,796|2024|
|---|---|---|---|
|||£34,734||
**KELMARSH WINDFARM COMMUNTIY BENEFIT**
**11**
## **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025**
_____________________________________________________________________________________
## **3. Support and governance costs**
## **4.**
## **5.**
|**Support costs:**
Web site development & maintenance
Other costs
**Governance costs:**
Independent examiner's fees - Charity Link
**Creditors and accruals**
Trade creditors
Accrued grants
**Debtors and prepayments**
Building society interest||
|---|---|
## **6. Trustees' remuneration and expenses**
No remuneration or expenses have been paid to trustees during the year.