## **FARINGDON UNITED CHARITY CIO** Registered Charity No. 1186581 Receipts and Payments Account For the year ended 31 March 2024 ## **Faringdon United Charity CIO** ## **CHARITY INFORMATION** ## **For the year ended 31 March 2024** |**Trustees**|D Keeling (Chairman)| |---|---| ||B Barber| ||E Jarman| ||R Corfield| ||G Webb| ||M Coleman| ||K Bentley (appointed 16 November 2023)| ||M Jukes (appointed 16 November 2023)| ||S Hyland (appointed 16 November 2023)| ||J Farmer (appointed 16 November 2023)| ||A Finn (appointed 16 November 2023)| |**Charity No.**|1186581| |**Address for correspondence**|Mrs Vivienne Checkley| ||Bunting & Co.| ||Faringdon Business Centre| ||Brunel House| ||Volunteer Way| ||Faringdon| ||Oxon| ||SN7 7YR| |**Independent Examiner**|Anna Chapman FCA| ||Chapman Worth Limited| ||Unit 2 The Old Estate Yard| ||East Hendred| ||Oxfordshire| ||OX12 8JY| ## **Faringdon United Charity CIO** ## **TRUSTEES' REPORT** ## **For the year ended 31 March 2024** The trustees present their annual report and financial statements for the year ended 31 March 2024. ## **Objectives and activities** The purpose of the Charity is to make grants to assist those in need who reside in the area of benefit which is the Parishes of Great Faringdon, Littleworth and Little Coxwell and adjacent parishes. The Charity may also make grants to assist with education of boys and girls and sport or community projects which benefit those in need. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. ## **Achievements and performance** The Charity has sought to improve the physical and mental wellbeing of those within the area of benefit by providing for individual needs and supporting organisations in the area with like minded objectives. Wider society has benefitted from an improved support structure to those in need as a result of the grants that the charity has provided. The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity ## **Financial review** It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level to cover short to medium term expenditure while maximising the returns on investments. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. ## **Structure, governance and management** The charity is a charitable incorporated organisation registered with the Charities Commission on 26 November 2019. The trustees who served during the year and up to the date of signature of the financial statements were: D Keeling (Chairman) B Barber D Mackay K Bentley R Corfield Cllr S Smith E Jarman G Webb D Wilson M Coleman J Farmer A Finn S Hyland Rev M Jukes (Resigned 16 November 2023) (Resigned 4 May 2023) (Resigned 20 April 2023) (Appointed 16 November 2023) (Appointed 16 November 2023) (Appointed 16 November 2023) (Appointed 16 November 2023) The Trustees are appointed in accordance with the rules and criteria specified in the Charity's Scheme dated 26 November 2019. ## **Statement of trustees' responsibilities** The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The trustees' report was approved by the Board of Trustees. D Keeling (Chairman) **Trustee** Date: ............................................ . **l4-D\ ·-cR-5** ## **Faringdon United Charity CIO** ## **INDEPENDENT EXAMINER'S REPORT** ## **For the year ended 31 March 2024** I report to the trustees on my examination of the accounts of Faringdon United Charity CIO (the charity) for the year ended 31 March 2024. ## **Respective responsibilities of trustees and examiner** As the trustees of the charity 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 Charity'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 independent examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trustees as required by section 130 of the Act; or 2. the accounts do not accord with those records. 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. ## **Anna Chapman FCA** ## **Chapman Worth Limited** Unit 2 The Old Estate Yard East Hendred Oxfordshire ## **FARINGDON UNITED CHARITY CIO RECEIPTS AND PAYMENTS ACCOUNT YEAR ENDED 31ST MARCH 2024** |**YEAR TO**
**31/03/2024**
**RECEIPTS**
RENTS RECEIVED (INC WAYLEAVE)
1,350
INVESTMENT INCOME
BREWIN/QUILTER
70,000
OTHER AND BANK INTEREST
287
DONATIONS
1,500
GRUNDON RENT
1,221
GRUNDON ROYALTIES
20,864
OTHER
196
**GRANTS MADE**
SICK AND INFIRM
1,800
SENIOR CITIZENS
6,000
YOUNG PEOPLE
45,390
FAMILIES
12,576
COMMUNITY PROJECTS
21,695
**ADMINISTRATION**
CLERKS REMUNERATION
6,936
EXAMINERS FEES
2,700
AGENTS FEES
6,000
INSURANCE
1,485
COMPUTER COSTS
1,622
FIELD UPKEEP
12,418
LEGAL FEES
1,080
WEBSITE/ROOM HIRE
153
SUNDRY
90
**SURPLUS/( DEFICIT) BEFORE CHANGES IN INVESTMENTS**
**EXCESS OF PAYMENTS OVER RECEIPTS**
CASH AT BANK 1ST APRIL 2023
**CASH AT BANK 31ST MARCH 2024**|95,418
87,461
32,484|**YEAR TO**
**31/03/2023**
1,239
0
55
1,900
2,342
61,785
0
2,125
0
21,564
5,799
27,850
8,736
2,268
812
1,358
3,484
0
654
216
451|67,321
57,338
17,979| |---|---|---|---| ||(24,527)
(24,527)
44,174||(7,996)
(7,996)
52,170| ||19,647||44,174| ## **FARINGDON UNITED CHARITY CIO INVESTMENT SUMMARY AS AT 31ST MARCH 2024** |**FARINGDON UNITED CHARITY CIO**
**INVESTMENT SUMMARY**
**AS AT 31ST MARCH 2024**||| |---|---|---| |**CASH FUNDS**
BANK BALANCES
**INVESTMENT ASSETS**
QUILTER CHEVIOT PORTFOLIO
BREWIN DOLPHIN PORTFOLIO
TOTAL INVESTMENTS
**ASSETS RETAINED FOR THE CHARITY'S OWN USE**
NET BOOK VALUE - Computer equipment|**31/03/2024**
19,647
3,039,026
3,507,151
6,546,177
694|**31/03/2023**
44,174| |||2,745,128
3,255,387| |||6,000,515| |||1,041| ## **NOTE** THE ABOVE STATEMENT EXCLUDES THE VALUE OF FREEHOLD LAND OWNED BY THE CHARITY, ACQUIRED AT NIL COST AND HELD AS INVESTMENT ASSETS.