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2021-12-31-accounts

Trustees’ Annual Report for the period

From 01/01/2021 To 31/12/2021

Charity name: Glencroft Properties Charity registration number: 1180983

Objectives and Activities

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SORP reference
Summary of the Para 1.17 The advancement of the Christian
purposes of the charity faith in
as set out in its accordance with the Basis of Faith,
governing document primarily, but not exclusively, within
Leicestershire and the surrounding
area; and such other charitable
purposes, as shall in the opinion of
the charity trustees, facilitate the
work of the charity, provided that
such purposes must be carried out in
a manner consistent with the Basis of
Faith.
Summary of the main Para 1.17 and Make grants to individuals
1.19
activities in relation to Make grants to organisations
those purposes for the Provide buildings/facilities/open space
public benefit, in
particular, the activities,
projects or services
identified in the
accounts.
Statement confirming Para 1.18 Yes
whether the trustees
have had regard to the
guidance issued by the
Charity Commission on
public benefit
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Additional information (optional)

You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related

investment Para 1.38 Contribution made by volunteers Other

Achievements and Performance

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SORP reference
Making donations to Glencroft Church
to assist in funding a children’s
worker
Summary of the main
Para 1.20
achievements of the
charity, identifying the
difference the charity’s
work has made to the
circumstances of its
beneficiaries and any
wider benefits to society
as a whole.
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Additional information (optional)

You may choose to include further statements where relevant about:

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Achievements against Para 1.41
objectives set
Performance of
fundraising activities Para 1.41
against objectives set
Investment performance Para 1.41
against objectives
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other

Financial Review

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Review of the charity’s Para 1.21 The charity is in a stronger financial
financial position at the position, ready to begin making
end of the period grants.
There are no debts and no
outstanding
liabilities.
Statement explaining Para 1.22 Reserves are held for the
the policy for holding maintenance and
reserves stating why renovation of flats.
they are held
Amount of reserves held Para 1.22 £60,027
Reasons for holding zero Para 1.22 N/A
reserves
Details of fund materially Para 1.24 N/A
in deficit
Explanation of any Para 1.23 None
uncertainties about the
charity continuing as a
going concern
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Additional information (optional)

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The charity’s principal
sources of funds Para 1.47
(including any
fundraising)
Investment policy and
objectives including any Para 1.46
social investment policy
adopted
A description of the Para 1.46
principal risks facing the
charity
Other
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Structure, Governance and Management

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Description of charity’s
trusts:
Type of governing Para 1.25 Trust deed
document
(trust deed, royal
charter)
How is the charity Para 1.25 CIO
constituted?
(e.g unincorporated
association, CIO)
Trustee selection Para 1.25
methods including
details of any
constitutional provisions
e.g. election to post or
name of any person or
body entitled to appoint
one or more trustees
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Additional information (optional)

You may choose to include further statements where relevant about:

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Policies and procedures
adopted for the induction Para 1.51
and training of trustees
The charity’s
organisational structure Para 1.51
and any wider network
with which the charity
works
Relationship with any Para 1.51
related parties
Other
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Reference and Administrative details

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Charity name Glencroft Properties
Other name the charity None
uses
Registered charity 1180983
number
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Charity’s principal 7 Baddeley Drive
address Wigston Leics
LE18 1BF
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Names of the charity trustees who manage the charity

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Name of person (or body)
Dates acted if not for
Trustee name Office (if any) entitled to appoint trustee
whole year
(if any)
1 John Kirby
2 Simon Chandler
3 John Shepherd
4 Simon Brown
5 Peter Densham
6 Philip Leeson
7 Jonathan Hutton
8 Paul Whalley
9 John Eardley
10 Jason Duffin
11
12
13
14
15
16
17
18
19
20
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Corporate trustees – names of the directors at the date the report was approved Director name

Name of trustees holding title to property belonging to the charity

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Trustee name Dates acted if not for
whole year
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Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) John Shepherd

Position (eg Trustee Secretary, Chair, etc)

Date 28/10/2022

Charity Name N Glencroft Properties 1

Receipts and payments acco

Period start date

For the period To from 01/01/2021

Section A Receipts and payments

Unrestricted Restricted Endowment funds funds funds

to the nearest £

to the nearest £

to the nearest £

A1 Receipts

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Rent received 44,262 - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
44,262 - -
Sub total (Gross income for AR)
A2 Asset and investment sales,
(see table).
- - -
- - -
Sub total - - -
Total receipts 44,262 - -
A3 Payments
Repairs & maintenance 5,968 - -
Cleaning 4,312 - -
Power 718 - -
Insurance 675 - -
Donations 21,250 - -
Legal & professional fees - - -
- - -
- - -
- - -
Sub total 32,923 - -
A4 Asset and investment
purchases, (see table)
- - -
- - -
Sub total - - -
Total payments 32,923 - -
Net of receipts/(payments) 11,339 - -
A5 Transfers between funds - - -
A6 Cash funds last year end 48,688 - -
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Cash funds this year end 60,027 - -

Section B Statement of assets and liabilities at the end of

Unrestricted
Categories Details funds
B1 Cash funds Cash at bank
Flat management account
Total cash funds		 to nearest £
51,222
8,805
-
60,027
(agree balances with receipts and payments
account(s))		 OK
Unrestricted
funds
B2 Other monetary assets Details to nearest £
-
-
-
-
-
-
Fund to which
B3 Investment assets Details asset belongs
Fund to which
B4 Assets retained for the Details
Building		 Trust
asset belongs
charity’s own use Fund to which
B5 Liabilities Details liability relates

Signed by one or two trustees on behalf of all the trustees

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||| |---|---| |Signature|Print N| |John She|

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o (if any) 180983

ounts

CC16a

Period end date 12/31/2021

Total funds

Last year

to the nearest £

to the nearest £

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44,262 47,264
- -
- -
- -
- -
- -
- -
- -
44,262 47,264
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-
- -
- -
44,262 47,264
5,968 20,819
4,312 -
718 -
675 -
21,250 5,556
- 720
- -
- -
- -
32,923 27,095
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-
-
- -
32,923 27,095
11,339 20,169
- -
48,688 28,519
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60.027 48,688

the period

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Restricted Endowment
funds funds
to nearest £ to nearest £
- -
- -
- -
- -
OK OK
Restricted Endowment
funds funds
to nearest £ to nearest £
- -
- -
- -
- -
- -
- -
Current value
Cost (optional)
(optional)
- -
- -
- -
- -
- -
Current value
Cost (optional)
(optional)
- -
- -
- -
- -
- -
- -
- -
- -
- -
Amount due When due
(optional) (optional)
-
-
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-
-
-
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Date of
Name
approval
epherd 10/28/2022
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Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ members of

Charity Name Glencroft Properties Trust

On accounts for the year ended

31 December 2021

Charity 1180983 no (if any)

Set out on pages 1-2

(remember to include the page numbers of additional sheets)

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/12/2021.

Responsibilities and basis of report

As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed: Date: 27/10/2022 Name: Joanna Mulholland

Relevant CIMA qualified

1

Oct 2018

IER

professional qualification(s) or body (if any):

Address: 1 Avebury Avenue Leicester LE4 0FQ

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

2

Oct 2018

IER