Annual General Meeting 2025
Thursday 22[nd] May 2025
Chair’s Report
The Charity has had a positive 12 months. We have not had many major issues to address; we have been able to build on the firm foundations we had established over the last 5-10 years.
The key outstanding issues from last year were the drainage of the garden at the house at Melford Close, and the new tenancy agreement for Chris Stokes. Both of these matters were resolved satisfactorily.
In June last year, work was carried out to put drainage piping beneath the lawn at the house and this has proved to be effective in preventing further flooding.
The tenancy agreement with Chris Stokes, as eligible successor to David Stokes, was signed in June 2024.
The agreement with Chris Stokes excluded any requirement by the Charity to repair the barn at Drayton but trustees determined that they wanted to have the stonework capped to prevent further deterioration. Regrettably, this has not yet been carried out. We shall be discussing it with Lennox Thomson, on behalf of our agents, Berrys, at today’s AGM.
I am pleased to report that Berrys have managed the collection, and payment to us online, of the rents from the land and the house expeditiously. My grateful thanks to Lennox and his team for this and all of their work for us over the last year.
I would like to say a particular thank you to Mark Penn of Berrys for his management of the house at Melford Close. Mark has kept in good communication with me and sought my authorisation for any work that needed to be undertaken. His inspection report of 14[th] April this year was thorough and clear. It demonstrated that the tenants are looking after the house very well. The small issues identified for action in the report were referred to me, advice and quotes provided, and decisions taken in discussion between the two of us. Thank you, Mark.
I would like to thank all of the trustees for their work for the Charity over the last twelve months. I have really appreciated their speedy responses to my emails seeking their views, advice and, where necessary, their approval for action and expenditure. They provide a range of perspectives which are aways thoughtful, measured and of help in determining the best way forward, which I greatly value.
We have identified a number of actions – including a revamped Risk Register, a Strategic Plan, and regular reviews of the operation of the board - to ensure that our governance of the Charity is further improved and effective.
This year, Simon Cooper from Drayton stepped down as he moved away from the area. Simon was an excellent trustee; his advice and views were highly respected. I am delighted that Christopher Newton has joined the trustees; I have no doubt he will bring significant knowledge and experience to our deliberations. Carolyn Miros has now joined us officially as a representative of Blaston. She has, of course, been attending our meetings, and making good contributions, for over a year. We welcome her appointment.
Finally, thank you to Jules Whittome, our Clerk, who continues to support me and the other trustees so well. Thank you, Jules, for such efficient work for us, including excellent minutes and preparation of the Accounts again this year.
I would also like to thank Miles Ingram who, again, examined the Accounts for us – free of charge - and picked up some key issues which help us to make the Accounts both accurate and clear.
I am satisfied that the Charity is in a strong, sustainable position. Thank you everyone for your contributions.
Linda Jones Chair
Thursday 21[st] May 2025
| ACCOUNTS 2024 | ||||||||
|---|---|---|---|---|---|---|---|---|
| RENTAL INCOME | ||||||||
| Date | Tenant Name | Address | Received by bank | Management Fees | Total(Gross) | Received by Bank | ||
| JAN 2024 | J Prince & M Pietka | Melford Close | £1,020.00 | £108.00 | £1,200.00 | 15/01/2024 | ||
| FEB 2024 | J Prince & M Pietka | Melford Close | £948.00 | £108.00 | £1,200.00 | 15/02/2024 | ||
| MARCH 2024 | M A Clarke | Bush House Farm | £1,700.00 | £300.00 | £2,000.00 | 25/03/2024 | ||
| J Prince & M Pietka | Melford Close | £1,092.00 | £108.00 | £1,200.00 | 18/03/2024 | |||
| Madeleine Clarke | Bush House Farm | £467.50 | £82.50 | £550.00 | 25/03/2024 | |||
| £3,259.50 | £490.50 | £3,750.00 | £6,150.00 | £706.50 | ||||
| APRIL 2024 | Christopher Stokes | Primrose Cottage | £1,094.37 | £193.13 | £1,287.50 | 05/04/2024 | ||
| D Stokes | Home Farm | £1,441.60 | £254.40 | £1,696.00 | 05/04/2024 | |||
| J Prince & M Pietka | Melford Close | £1,092.00 | £108.00 | £1,200.00 | 15/04/2024 | |||
| £3,627.97 | £555.53 | £4,183.50 | ||||||
| MAY 2024 | J Prince & M Pietka | Melford Close | £1,092.00 | £108.00 | £1,200.00 | 17/05/2024 | ||
| JUNE 2024 | J Prince & M Pietka | Melford Close | £972.00 | £228.00 | £1,200.00 | 21/06/2024 | £6,583.50 | £891.53 |
| JULY 2024 | J Prince & M Pietka | Melford Close | £1,092.00 | £108.00 | £1,200.00 | 31/07/2024 | ||
| AUG 2024 | J Prince & M Pietka | Melford Close | £1,092.00 | £108.00 | £1,200.00 | 15/08/2024 | ||
| SEPT 2024 | J Prince & M Pietka | Melford Close | £1,092.00 | £108.00 | £1,200.00 | 17/09/2024 | £3,600.00 | £324.00 |
| OCT 2024 | M A Clarke | Bush House Farm | £1,700.00 | £300.00 | £2,000.00 | 01/10/2024 | ||
| Faye Smith | RectoryFarm | £2,440.34 | £430.66 | £2,871.00 | 09/10/2024 | |||
| J Prince & M Pietka | Melford Close | £1,092.00 | £108.00 | £1,200.00 | 17/10/2024 | |||
| Chris Stokes | Land at Drayton | £1,572.50 | £277.50 | £1,850.00 | 17/10/2024 | |||
| £6,804.84 | £1,116.16 | £7,921.00 | ||||||
| NOV 2023 | J Prince & M Pietka | Melford Close | £1,092.00 | £108.00 | £1,200.00 | 15/11/2024 | ||
| DEC 2023 | J Prince & M Pietka | Melford Close | £1,092.00 | £108.00 | £1,200.00 | 18/12/2024 | £10,321.00 | £1,332.16 |
| Valentine Goodman and Great easton Poors Charity estates. | Valentine Goodman and Great easton Poors Charity estates. | Valentine Goodman and Great easton Poors Charity estates. | Valentine Goodman and Great easton Poors Charity estates. | Valentine Goodman and Great easton Poors Charity estates. | Valentine Goodman and Great easton Poors Charity estates. | Valentine Goodman and Great easton Poors Charity estates. | Valentine Goodman and Great easton Poors Charity estates. | Valentine Goodman and Great easton Poors Charity estates. | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FINANCIAL STATEMENTS | ||||||||||||
| YEAR ENDED 31 DECEMBER 2024 | ||||||||||||
| Receipts and Expenses | ||||||||||||
| Receipts | 2024 | 2023 | 2022 | |||||||||
| Rent Received | ||||||||||||
| E V Hubbard | 9.5ac Drayton | N/A | N/A | N/A | ||||||||
| D J Stokes | 52ac Drayton(Home Farm) | 1,696.00 | 3,392.00 | 3,392.00 | ||||||||
| J A Clarke & Son(M A Clarke) | 43.74ac Great Easton(Bush House Farm) | 4,000.00 | 4,000.00 | 4,000.00 | ||||||||
| J W Hay | 28Queens Road(Sold August 2020) | N/A | N/A | N/A | ||||||||
| F Smith | 22 Acres Stockerston Lane(RectoryFarm) | 2,871.00 | 2,871.00 | 2,871.00 | ||||||||
| Madeleine Clarke | GE Poors Land(Bush House Farm) | 550.00 | 550.00 | 550.00 | ||||||||
| C Stokes | Primrose Cottage | 1,287.50 | 1,287.50 | 1,287.50 | ||||||||
| C Stokes | Land at Drayton | 1,850.00 | ||||||||||
| J Prince & M Pietka | Melford Close | 14,400.00 | 7,200.00 | |||||||||
| 26,654.50 | 19,300.50 | 12,100.50 | ||||||||||
| Other Receipts | ||||||||||||
| Bank Interest | 0.00 | 332.35 | 472.76 | |||||||||
| Wayleave | ||||||||||||
| Insurance Claim(NFU) | N/A | N/A | 15,500.00 | |||||||||
| Reimbursement for Council Tax(M/Close) | 178.11 | |||||||||||
| 0.00 | 510.46 | 15,972.76 | ||||||||||
| Total Receipts | 26,654.50 | 19,810.96 | 28,073.26 | |||||||||
| Payments | ||||||||||||
| Charitable Allocations | 3,500.00 | 3,500.00 | 3,500.00 | |||||||||
| Payment to Blaston Charity | N/A | N/A | 719.69 | |||||||||
| CommunityHeartbeat(Blaston) | N/A | N/A | N/A | |||||||||
| Leics CC(Jane Moore) | N/A | N/A | N/A | |||||||||
| Insurance Cost(NFU Mutual) | 1,520.92 | 1,465.79 | 1,619.15 | |||||||||
| Insurance Claim(Berrys) | N/A | N/A | ||||||||||
| Management Fees | 3,254.19 | 2,355.09 | 1,792.59 | |||||||||
| Professional fees(Berrys) | Stokes Sucession | 6,646.04 | 3,333.60 | 1,494.46 | ||||||||
| Professional fees(Berrys) | Melford Close(land drainage) | 2,400.00 | 5,444.40 | |||||||||
| General Administration fees(Clerk) | 577.50 | - | ||||||||||
| Land Maintenance | - | |||||||||||
| Repairs & Maintenance | M/Close - drainage & heatingadjustments | 6,564.00 | 1,168.80 | - | ||||||||
| Legal fees re CIO | - | |||||||||||
| Legal fees re Poors Land | - | |||||||||||
| Bank Charges | 60.00 | 91.20 | 100.00 | |||||||||
| Berry's Fees(SurveyM/Cl) | N/A | 600.00 | ||||||||||
| Payment to L Jones(Council Tax(M/Cl) | N/A | 178.11 | ||||||||||
| 23,945.15 | 18,714.49 | 9,225.89 | ||||||||||
| Surplus for the Year | £2,709.35 | £1,096.47 | £18,847.37 | |||||||||
| Registered CharityNumber 1187180 |
| BANK | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| JAN TO MARCH 2024 | ||||||||||
| RECEIPTS | EXPENDITURE | |||||||||
| opening balance | 96,618.19 | |||||||||
| HSBC | ||||||||||
| 15/01/2024 | Berrys Client | 1,020.00 | 07/01/2025 | Charges | 5.00 | |||||
| 15/02/2024 | Berrys Client | 948.00 | 07/02/2025 | Charges | 5.00 | |||||
| 18/03/2024 | Berrys Client | 1,092.00 | 09/03/2025 | Charges | 5.00 | |||||
| 25/03/2024 | Berrys Client | 1,700.00 | ||||||||
| 25/03/2024 | Berrys Client | 467.50 | ||||||||
| MHBS | ||||||||||
| TOTAL | 5,227.50 | 5,227.50 | 15.00 | 15.00 | ||||||
| APR TO JUNE 2024 | ||||||||||
| HSBC | ||||||||||
| 05/04/2024 | Berrys Client | 1,094.37 | 07/04/2023 | Charges | 5.00 | |||||
| 05/04/2024 | Berrys Client | 1,441.60 | 08/05/2024 | Charges | 5.00 | |||||
| 15/04/2024 | Berrys Client | 1,092.00 | 07/06/2024 | Charges | 5.00 | |||||
| 17/05/2024 | Berrys Client | 1,092.00 | 24/06/2024 | Berrys(Goodman KA47651) | 6,646.04 | (Berry's fees re Stokes Succession | ||||
| 20/06/2024 | Berrys Client | 972.00 | 24/06/2024 | Berrys(Goodman IK80392) | 2,400.00 | (Berry's fees re M/Close Drainage | ||||
| MHBS | ||||||||||
| TOTAL | 5,691.97 | 5,691.97 | 9,061.04 | 9,061.04 | ||||||
| JUL TO SEPT 2024 | ||||||||||
| HSBC | HSBC | |||||||||
| 30/07/2024 | Berrys Client | 1,092.00 | 08/07/2024 | Charges | 5.00 | |||||
| 15/08/2024 | Berrys Client | 1,092.00 | 08/07/2024 | RM Thompson(M/Close) | 6,348.00 | |||||
| 17/09/2002 | Berrys Client | 1,092.00 | 07/08/2024 | Charges | 5.00 | |||||
| 07/09/2024 | Charges | 5.00 | ||||||||
| MHBS | ||||||||||
| TOTAL | 3,276.00 | 3,276.00 | 6,363.00 | 6,363.00 | ||||||
| OCT TO DEC 2024 | ||||||||||
| HSBC | HSBC | |||||||||
| 01/10/2024 | Berrys Client | 1,700.00 | 08/10/2023 | Charges | 5.00 | |||||
| 09/10/2024 | Berrys Client | 2,440.34 | 07/11/2024 | Charges | 5.00 | |||||
| 17/10/2024 | Berrys Client | 1,092.00 | 15/11/2024 | VGE - Goodman Estate | 1,000.00 | |||||
| 17/10/2024 | Berrys Client | 1,572.50 | 15/11/2024 | VGE - Medbourne | 1,000.00 | |||||
| 15/11/2024 | Berrys Client | 1,092.00 | 15/11/2024 | VGE - Trustees | 1,500.00 | |||||
| 18/12/2024 | Berrys Client | 1,092.00 | 15/11/2024 | NFU Mutual | 1,520.92 | |||||
| 08/12/2023 | Charge | 5.00 | ||||||||
| MHBS | ||||||||||
| TOTAL | 8,988.84 | 8,988.84 | 5,035.92 | 5,035.92 | ||||||
| Closingbalance | 99,327.54 | |||||||||
| INCOME TOTALS | 23,184.31 | EXPENDITURE TOTAL | 20,474.96 |
| Income | Amount | Expenditure | Amount | Net Income | |||
|---|---|---|---|---|---|---|---|
| JAN -MARCH 2024 | |||||||
| Rental Income(Gross) | £6,150.00 | Management Fees(Berrys) | £706.50 | ||||
| Bank Charges | £15.00 | ||||||
| Heatingadjustment(M/Close) | £72.00 | ||||||
| Heatingadjustment(M/Close) | £144.00 | ||||||
| TOTAL | £6,150.00 | £937.50 | £5,212.50 | ||||
| APR - JUNE 2024 | |||||||
| Rental Income(Gross) | £6,583.50 | Management Fee(Berrys) | £891.53 | ||||
| Bank Charges | £15.00 | ||||||
| Berrys(Prof fees re Stokes succession) | £6,646.04 | ||||||
| Berry's(Prof fees re M/Close land drainage) | £2,400.00 | ||||||
| TOTAL | £6,583.50 | £9,952.57 | -£3,369.07 | ||||
| JULY - SEPT 2024 | |||||||
| Rental Income(Gross) | £3,600.00 | Management Fees | £324.00 | ||||
| Bank Charges | £15.00 | ||||||
| RM Thompson(M/Close land drainage) | £6,348.00 | ||||||
| TOTAL | £3,600.00 | £6,687.00 | -£3,087.00 | ||||
| OCT - DEC 2024 | |||||||
| Rental Income(Gross) | £10,321.00 | Management Fees | £1,332.16 | ||||
| Bank charges | £15.00 | ||||||
| CharityDonation(Hallaton) | £1,000.00 | ||||||
| CharityDonation(Medbourne) | £1,000.00 | ||||||
| CharityDonation(Valentine Estate) | £1,500.00 | ||||||
| NFU Mutual | £1,520.92 | ||||||
| NOTES | |||||||
| TOTAL | £10,321.00 | £6,368.08 | £3,952.92 | O/balance | 99327.54 | ||
| C/balance | 96618.19 | ||||||
| 2709.35 | |||||||
| TOTAL FOR YEAR | £26,654.50 | £23,945.15 | £2,709.35 |
| Valentine Goodman and Great easton Poors | Valentine Goodman and Great easton Poors | Valentine Goodman and Great easton Poors | Valentine Goodman and Great easton Poors | Valentine Goodman and Great easton Poors | Valentine Goodman and Great easton Poors | Valentine Goodman and Great easton Poors | Valentine Goodman and Great easton Poors | Valentine Goodman and Great easton Poors | Valentine Goodman and Great easton Poors | |||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Charity estates. | ||||||||||||
| FINANCIA | L STATEM | ENTS | ||||||||||
| YEAR ENDED 3 | 1 DECEM | BER 2024 | ||||||||||
| CAPITAL ACCOUNT | ||||||||||||
| 2024 | 2023 | 2022 | ||||||||||
| £ | £ | £ | £ | £ | £ | |||||||
| Income Account | ||||||||||||
| Balance Brought Forward | 64,539 | 63,443 | 44,596 | |||||||||
| Transfer to capital | 0 | |||||||||||
| Plus surplus on account | 2,709 | 1,096 | 18,847 | |||||||||
| Income Account Balance | 67,248 | 64,539 | 63,443 | |||||||||
| Capital Account | ||||||||||||
| Balance Brought Forward | 1,226,861 | 352,721 | 352,721 | |||||||||
| Valuation ofproperties brought forward | 874,140 | |||||||||||
| 1,226,861 | 1,226,861 | |||||||||||
| Capital Account ClosingBalance | 1,226,861 | 1,226,861 | 352,721 | |||||||||
| Total Net Funds at Year End | 1,294,109 | 1,291,400 | 416,164 | |||||||||
| Properties at valuation or cost brought forward | 1,183,036 | 874,140 | ||||||||||
| Additions toproperty | N/A | 308,896 | ||||||||||
| 1,183,036 | 1,183,036 | |||||||||||
| CAF Current Account(closed June 2022) | N/A | 74,468 | ||||||||||
| HSBC Account(Closingbalance 31/12/24) | 99,327 | 96,618 | 281,590 | |||||||||
| CCLA/COIF Account(closed March 2023) | N/A | 48,360 | ||||||||||
| MHBS account | 10,100 | 10,100 | 10,100 | |||||||||
| 109,427 | 106,718 | 414,518 | ||||||||||
| Rent Accruals | 1,646 | 1,646 | 1,646 | |||||||||
| 1,294,109 | 1,291,400 | 416,164 | ||||||||||
| Value * | * Indicative valuesprovided bythe land agent FBT - £8,000/acre,AHT £5,000/acre | |||||||||||
| 22.09 acres at Stockerston Lane,Great Easton | ||||||||||||
| Tenant | FaySmith | 176,720 | Farm Business Tenancy | |||||||||
| 48.74 acres at Great Easton | ||||||||||||
| Tenant | J A Clarke & Son | 389,920 | Farm Business Tenancy | |||||||||
| 9.50 acres at Drayton | ||||||||||||
| Tenant Mr E Hubbard | 47,500 | Agricultural Holdings Act Tenancy | ||||||||||
| 52 acres at Drayton | 260,000 | Agricultural Holdings Act tenancy | ||||||||||
| Tennant Mr D J Stokes | ||||||||||||
| 874,140 | ||||||||||||
| Melford Close at cost | 308,896 | |||||||||||
| 1,183,036 | ||||||||||||
| Registered Charity | Number 1187180 |
Valentine Goodman and Great easton Poors Charity estates.
YEAR ENDED 31 DECEMBER 2024
Registered Charity Number 1187180
VALENTINE GOODMAN CHARITY – 2024 BRIEF REVIEW
I acknowledge these notes as part of our discussions re the 2023 accounts of the charity and that my queries have been appropriately addressed. Miles Ingram 20 March 2024
Valentine Goodman and Great easton Poors
| Value * | * Indicative values provided by the land agent FBT - £8,000/acre, AHT £5,000/acre | |
|---|---|---|
| 22.09 acres at Stockerston Lane, Great Easton | ||
| Tenant Fay Smith |
176,720 | Farm Business Tenancy |
| 48.74 acres at Great Easton | ||
| Tenant J A Clarke & Son |
389,920 | Farm Business Tenancy |
| 9.50 acres at Drayton | ||
| Tenant Mr E Hubbard | 47,500 | Agricultural Holdings Act Tenancy |
| 52 acres at Drayton | 260,000 | Agricultural Holdings Act tenancy |
| Tennant Mr D J Stokes | ||
| Melford Close | 308,896 | |
| £1,183,036 | ||
| Great Easton Poors Charity Land | ||
| Tennant M Clarke | ||
| L shape acre in village | ||
| Barns | ||
| First roadside acre of meadow | ||
| Remainder of meadow (9 acres) | ||
| Arnolds Hill and Townsend Close (41 acres) |
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