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2025-03-31-accounts

Chelveston Wind Farm Community Benefit Fund Trust

Trustees’ Annual Report 2024-25

This report meets the requirements of Section 11 Charities (Accounts and Reports) Regulations 2005 , and provides information on how the Charity aims to meet the public benefit test in line with Section 4 Charities Act 2006 .

Background

The Chelveston Wind Farm Community Benefit Fund Trust (aka “The Wind Farm Trust”) was created on 31[st] March 2014 and is a community benefit delivery vehicle for the four parishes (Chelvestoncum-Caldecott, Dean and Shelton, Hargrave, and Melchbourne and Yelden) adjacent to the Chelveston Renewable Energy (CRE) Wind Farm. It is funded annually by CRE under two legally binding S106 agreements (one for each Local Planning Authority) and its purpose is to distribute grants to organisations within the four parishes that meet the Trust’s criteria.

The four parishes each provide two Trustees who all serve a 4 year term, with half the Trustees standing down every two years.

Activities undertaken in 2024-25.

There were no changes in Trustees during the year. The next 4 year term completion will see half the Trustees standing down in 2025. All Trustees are eligible for reappointment by their respective parishes.

A total of 8 enquires were received, resulting in 8 grant applications, all granted in full.

The Trustees transferred a further £30,000 to the Savings Account, helping to boost the interest received in-year to over £1,700.

The Trustees are required to consider the submitted applications against the charitable objectives of the trust, being -

The object of the charity is the promotion of any charitable purposes for the benefit of the community in the civil parishes of Chelveston-cum-Caldecott in the county of Northamptonshire, Dean and Shelton in unitary district of Bedford Borough, Hargrave in the county of Northamptonshire, and Melchbourne and Yelden in the unitary district of Bedford Borough as the Trustees see fit

The most commonly used charitable purposes used were –

The provision of facilities for recreation and other leisure-time occupation in the interests of social welfare with the object of improving the conditions of life for the persons for whom they are intended, and public works and services and the provision of public amenities.

The Trustees have to ensure that each parish receives a nominal 25% share of the funds distributed, but this is over a five year period, not in every year.

Applications received ranged from play equipment to keeping a community café running, and purchasing a second-hand lawn tractor. For the first time, there were no applications from PCC’s for repair works to their respective churches, but the Trustees do not interpret this as meaning all the churches in the four parishes are now fixed.

The Trustees were mindful that any grant applications needed to be sound in respect of the benefits that would be gained through the award of the Trust’s funds. To this end a number of awards were made subject to conditions.

The amount awarded in year was £19,713.42. The largest single grant in-year was £10,000 towards play equipment, in Melchbourne and Yelden parish. Additionally, £15,000.00 was added to the Hargrave Reserve.

Charity Registration number 1180828

The grants were split amongst the four parishes as follows –

Share of Share of
Parish: Grants awarded grants in grants all
in year:
year

years
Chelveston-cum-Caldecott £650.00 1.08% 20.86%
Dean & Shelton £4,741.00 7.90% 22.16%
Hargrave £0.00 0.00% 7.92%
Melchbourne & Yelden £14,322.42 23.87% 36.47%

One parish received zero funding in year. The Trustees are mindful that grants can only be made in accordance with the Trust’s criteria and that any unspent allocations are carried over to the next year. This accounts for the percentages above not totalling 100%.

One parish continues to lag the others (share all years), but the Trustees are mindful that this parish has accumulated a significant reserve for a future amenity land purchase.

Accounts for 2024-25.

Summary:

----- Start of picture text -----
Income Expenditure
£89,529.16 B/F £19,713.42 Grants
£41,532.12 Capital £177.27 Admin
£1,745.19 Interest £29.25 Governance
£19,919.94
Excess Receipts over
£112,886.53 Payments
£132,806.47 £132,806.47
----- End of picture text -----

Income:

The Expendable Capital (i.e. capital receipts that can be spent) consisted of the S106 payment from Oct 24, which enjoyed an RPI uplift in accordance with the S106 agreements.

The earned income was the £1,745.19 bank interest.

Expenditure:

The bulk of the expenditure was the grants, as would be expected. Administration consisted of bank charges (£71.40), website costs (£70.87) and the ICO fee (£35.00). Governance was the auditor’s fee (2023-24).

----- Start of picture text -----
Excess Receipts represented by
£10,000.00 Carry over to H1 next FY
£61,443.00 Hargrave PC restricted reserve
£9,525.49 Environmental project restricted reserve
£31,918.04 Unused
£112,886.53
----- End of picture text -----

Charity Registration number 1180828

The excess income includes an annual carry over amount, currently set at £10,000, to fund the Trust for the first 6 months of the next FY, i.e. until the next Expendable Capital S106 payment from CRE Ltd is received in October, and two restricted reserves totalling £70,968.49.

Any unused income is carried over to the next year.

Audit:

The accounts were independently examined by Ken Owst FCMA, CGMA, of Milton Ernest, Beds, who is independent of the Trust.

The audited accounts and the Trustees Annual Report (this document) were adopted by the Trustees at the Annual Meeting, which was held on 21[st] July 2025.

Mark Hunter Clerk to the Trustees 15[th] July 2025

Charity Registration number 1180828

.1 CHARITY IOMMISSION FOR ENGLAND ANO WALES Ch8lv•4ton V41nd F•nn Communlty B•nefft Fund Trust 1180828 Receipts and pa ments accounts CC16a For thg porbod 01n)W2024 To 3110W2025 Section A Receipts and payments Unr••trf¢t•d lund• Re•trlet•d Endowmollt lund• fundi to th• M•F••t É b)th•n•w•ii£ lo lh• Mlf••t£ l•th•4w•r••t£ L••t y• Tot•1 fund• A1 R•c•l Annu81 S106 ETrJwnenl} Sub tot•lfGross Income for AR) 1.7 A2 A•••t and Inw•kn•nt ￿10¥. Is•• t4bl•l. Sub tol•l 1.740 41,532 41.443 A3P Grants Admin LYY4t• ITI 177 Sub toe•l 1•.919 28,970 A4 A•••t Ind Inv••tsn•nt urch••••. tab Sub tot•1 19,519 21.970 Not of re¢elpts/(paym•nts) AS Tr•nf•rn b•tw•on fund• A8 C••h lund• l••t yg¥r •nd C•sh fun(ts thls yur and 19,919 11.532 38.041 1.74 30.000 51,488 83.23 41,532 23.35 1V73 89,S29 112,887 77,056 89.529 CCXX Rl acDJunii ISSI 14n)7rJJ25

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Independent Examiner’s Report to the Trustees of The Chelveston Wind Farm Community Benefit Fund Trust, Chelveston, Northamptonshire.

This report, on the accounts of The Chelveston Wind Farm Community Benefit Fund Trust, for the year ended 31 March 2025, which is set out below, is in respect of an examination carried out under s.145 of the Charities Act 2011 (the Charities Act).

Respective responsibilities of trustees and examiner

The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144 of the Charities Act and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiners report

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the trust 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 the 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 examiners 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:

  2. to keep accounting records in accordance with section 130 of the Charities Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

  4. have not been met;

  5. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

A. K. Owst (BA (Hons), FCMA, CGMA), Mill House, Bedford Road, Milton Ernest, MK44 1RJ.

Date: 11 June 2025