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2020-12-31-accounts

Trustees’ Annual Report for the period

From 1[st] January 2020 Period start date To 31 December 2020 Period end date Charity name: Valentine Goodman and Great Easton Poors Charity Estates Charity registration number: 1187180

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 The purpose of the Charity is for the
relief of poverty within the parishes of
Great Easton, Bringhurst, Drayton,
Medbourne, Blaston and Hallaton in
Leicestershire.
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.		 Para 1.17 and
1.19		 The Trustees make grants to local
Charities within the parishes specified.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 The Trustees have had regard to the
guidance on public benefit.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference
Policy on grant making Para 1.38 Grants are made annually following
guidelines set out in the original Will
Trust created by Valentine Goodman in
1685.
Policy on social investment
including program related
investment		 Para 1.38 N/A
Contribution made by
volunteers		 Para 1.38 All Trustees are volunteers giving their
time freely.

Other

Achievements and Performance

SORP reference
Summary of the main
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.		 Para 1.20 The Charity achieves its objectives by
continuing to support the local Parish
Charities working for the relief of
poverty.

Additional information (optional) You may choose to include further statements where relevant about:

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

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 At the year end the Charity held higher
than usual cash reserves following the
sale of a property during the year.
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 The assets of the Charity are holdings of
agricultural land. The Trustees are to
undertake a strategic review on the
reinvestment of the reserves in suitable
real estate.
Amount of reserves held Para 1.22 Capital reserves at the year end were
£352,721. The balance on the income
account was £38,769
Reasons for holding zero
reserves		 Para 1.22
Details of fund materially in
deficit		 Para 1.24
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23
Additional information (optional)
You may choose to include further statements where relevant about:		 Additional information (optional)
You may choose to include further statements where relevant about:		 Additional information (optional)
You may choose to include further statements where relevant about:
The charity’s principal
sources of funds (including
any fundraising)		 Para 1.47 The Charity’s principle source of funds is
from the letting of agricultural land and
property.
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46
A description of the principal
risks facing the charity		 Para 1.46
Other It is the intention to invest the capital
reserves in land and property when a
suitable investment opportunity can be
found.

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25 Trust Deed
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 The Charity is a CIO incorporated on 2
January 2020.
Trustee selection 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		 Para 1.25 Trustees are nominated by each of the
parishes benefiting from the CIO

Additional information (optional) You may choose to include further statements where relevant about:

Policies and procedures
adopted for the induction
and training of trustees		 Para 1.51 New Trustees are issued with the Charity
Commission publication “The Essential
Trustee” and complete a Trustee
declaration.
The charity’s organisational
structure and any wider
network with which the
charity works		 Para 1.51
Relationship with any related
parties		 Para 1.51
Other

Reference and Administrative details

Charity name Valentine Goodman and Great Easton Poors Charity Estates
Other name the charity uses
Registered charity number 1187180
Charity’s principal address C/o 10 Rectory Lane, Medbourne, Market Harborough,
Leicestershire LE16 8DZ

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20		 Trustee name Office (if any) Dates acted if not for whole
**year **		 Name of person (or body) entitled
to appoint trustee (ifany)
Linda Jones Chair 2 January2020
Simon Cooper 2 January2020
Lynne Easton 2 January2020
Christopher Kilby 2 January2020
Nicola MacClean 2 January2020
Laurie Smith 2 January2020
John Stones 2 January2020
Greta Vizma 2 January2020

– 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

Trustee name Dates acted if not for whole year

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)

Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information)
Type of
adviser
Name
Address
Clerk to
the
Trustees		 Carolyn Frostwick 10 Rectory Lane, Medbourne, Market Harborough LE16
8DZ

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) Carolyn Frostwick Position (eg Secretary, Clerk to the Trustees Chair, etc) Date 14 October 2021

Valentine Goodman and Great Easton Poors Charity Estates.

FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2020

Receipts and Expenses

Receipts
Rent Received
E V Hubbard
9.5ac Drayton
D J Stokes
52ac Drayton
J A Clarke & Son
43.74ac Great Easton
J W Hay
28 Queens Road (Sold August 2020)
F Smith
22 Acres Stockerston Lane
M Clarke
GE Poors Land
Other Receipts
Bank Interest
Wayleave
Total Receipts
Payments
Charitable Allocations
Insurance
Management Fees
General Administration fees
Land Maintenance
Repairs & Maintenance
Legal fees re CIO
Legal fees re Poors Land
Bank Charges
Surplus/(Deficit)for the Year		 £
£
712.50
3,392.00
4,000.00
-
2,871.00
315.00
11,290.50
125.52
-
125.52
11,416.02
2,630.09
895.58
3,339.46
344.25
-
1,491.94
4,459.20
-
60.00
13,220.52
(£ 1,804.50)
2020		 £
£
713
3,392
4,000
4,050
2,871
315
15,341
271
38
308
15,649
2,400
747
3,518
324
5,702
1,892
864
637
60
16,144
(£ 495)
2019		 £
£
713
3,392
4,000
4,050
2,871
315
15,341
271
38
308
15,649
2,400
747
3,518
324
5,702
1,892
864
637
60
16,144
(£ 495)
2019
125.52
-		 271
38
2,630.09
895.58
3,339.46
344.25
-
1,491.94
4,459.20
-
60.00		 2,400
747
3,518
324
5,702
1,892
864
637
60
15,649
16,144
(£ 495)

Registered Charity Number 1187180

Valentine Goodman and Great Easton Poors Charity Estates.

FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2020

CAPITAL ACCOUNT

Income Account
Balance Brought Forward
Transfer to capital
Plus surplus/deficit on account
Income Account Balance
Capital Account
Balance Brought Forward
Transfer from income account
Less
Land Purchase
Add Costs
Add
Land Sale Net Proceeds
Capital Account Closing Balance
Total Net Funds at Year End
Represented By
CAF Current Account
HSBC Account
CCLA Account
MHBS account
Rent Accruals		 £
£
40,574
0
(1,805)
38,769
120,000
0
0
0
232,721
232,721
352,721
391,490
74,599
257,259
47,887
10,100
389,844
1,646
391,490
£
2020		 £
£
93,722
(52,654)
(495)
40,574
67,346
52,654
0
0
0
52,654
120,000
160,573
70,966
30,100
47,762
10,100
158,927
1,646
160,573
£
2019		 £
£
93,722
(52,654)
(495)
40,574
67,346
52,654
0
0
0
52,654
120,000
160,573
70,966
30,100
47,762
10,100
158,927
1,646
160,573
£
2019
120,000
160,573
70,966
30,100
47,762
10,100
158,927
1,646
160,573
£

07 September 2021

John Stones Chairman of Trustees

Registered Charity Number 1187180

Valentine Goodman and Great Easton Poors Charity Estates.

FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2020

Notes to the accounts.

Registered Charity Number 1187180

Reportto the trustees/ VALENTINE GOODMANESTATEANDGREATEASTON POORS
membersof CHARITY
OnaccountsfortheYear
ended		 31 DECEMBER2O2O
Gharityno
Setoutonpages 1TO3
Ireport to thetrusteesonmy examinationoftheaccounts of the above
charity("the Trust")fortheyear ended 31 DECEMBER 2020
Responsibilitiesand
basisof report		 Asthecharity's trustees,youareresponsible forthepreparation of the
accounts in accordancewiththerequirementsofthe CharitiesAqj.2O11
("theAct").