2023-12-31-accounts - The Barrowden Charity CIO

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BARROWDEN CHARITY CIO

Registered with the Charity Commission (Registration No 1197331)

Report for the Annual Parish Meeting, April 2024

Current Trustees:

Mrs Alison Last, Chair Mr Graham Ball Mrs Shirley Plenderleith Mrs Anna Fettig Revd Stephen Gamble (ex officio) Mrs Maggie Davidson, Clerk

Report on Year 2023 / 24

Last year we very sadly lost Clive Holland who, together with former trustee, David Wilson, had been instrumental in the changeover to CIO (Charitable Incorporated Organisation). We were very grateful for Clive's contribution to the Charity over a good number of years. In September, we advertised the trustee vacancy and welcomed Mrs Anna Fettig who joined the team in October.

Our first full year as a CIO has gone fairly smoothly; our clerk, Maggie Davidson, has probably experienced the worst in changing our main bank account which is now with Barclays but with the big plus of online banking. The aims of the charity remain the same to 'assist anyone in need in Barrowden' and to support initiatives that assist those in need.

Regular monthly payments to beneficiaries continue, together with the annual RCC charge for green refuse bins. In view of the ongoing increase in the cost of living, we have continued with additional payments for beneficiaries during the winter period. We also offer help to residents over the age of 75 with payments for TV licences.

The benefits are paid through the village shop, with the usual extra credits at Christmas time. We also include widows and widowers with credits at Christmas, and vouchers for former Barrowden residents in care homes. Payments are made to families with new babies; families with bereavements; and assistance with extra costs due to family illness or disability. For certain benefits there is a 12 month residential qualification in Barrowden required.

Contributions towards travel for people visiting hospital on a regular basis are offered. The Charity supports Barrowden Good Neighbour Scheme with transportation costs to medical appointments, village hall hire costs for the monthly village lunch and the seniors' Christmas party.

With the success of the lottery funding in April for the new village hall, the Charity will be granting the £50,000 loan which we promised. We have agreed that the village hall trustees can delay repayment for five years after they have received the loan. A legal document has been drawn up to this effect.

The main source of the charity's income is the rental of a ground floor shop in Hammersmith, which, together with interest on investments, normally brings in approximately £38,000 per annum, less agent expenses. The tenant has experienced some financial challenges due to the pandemic and has considered selling on the lease but at the moment he is still in situ. We monitor this situation through our agents in London.

The charity is on a strong financial footing, our accounts are audited annually by an independent accountant and submitted to the Charity commission. The trustees are constantly exploring how the charity can best serve the community both now and in the future whilst still meeting the requirements laid out in the charity's governing documents. To this end we will continue to provide the payments described above while considering new ideas for ways in which we can contribute to the general wellbeing of villagers.

Alison Last Chair Barrowden Charity CIO April 2024

Receipts and Payments Accounts

Charity name The Barrowden ~~Charity CIO~~

----- Start of picture text -----
Charity number (if any) 1 1 9 7 3 3 1
For the period from (start date) 0 D 1 D 0 M 1 M Y 2 Y 3 to (end date) 3 D D 1 M [1] M 2 2 Y 3 Y
Section A Receipts and payments
----- End of picture text -----

Section A Receipts and payments	Section A Receipts and payments	Section A Receipts and payments	Section A Receipts and payments	Section A Receipts and payments	Section A Receipts and payments
A1 Receipts	Unrestricted funds to the nearest £	Restricted funds to the nearest £	Endowment funds to the nearest £	Total funds to the nearest £	Last year to the nearest £ Typ
Rent received	48519
Dividends	7104




	55623
Sub total A2 Asset and investment sales, etc Total receipts A3 Payments
	55623

MonthlyBenefitspaid	16231
Birth/Death payments	1600
Other Benefits	24309
Admin	266
Clerk's Salary	2420




	44826
Sub total A4 Asset and investment purchases, etc Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end
	44826 10797

	20398 31195				Ty

March 2012: new format January 2017

CC16a

Statement of assets and liabilities at the end of the period

Section B

Details	Unrestricted funds to the nearest £	Restricted funds to the nearest £	Endowment funds to the nearest £
Santander Current Ac	4821	17500
Barclays Current Ac	8874
	13695	17500

	Unrestricted funds to the nearest £	Restricted funds to the nearest £	Endowment funds to the nearest £





Details	Fund to which asset belongs	Cost (optional)	Current value (optional)
C.O.I.F Charities Inv Fnd		175000	258769
146 King St. London-lease	hold asset	500000	500000



Details	Fund to which asset belongs	Cost (optional)	Current value (optional)







Details	Fund to which liability relates	Amount due (optional)	When due (optional)




Signature			Date of approval
Alison Last
	Alison Last

Graham Ball

March 2012: new format January 2017

CC16a

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ members of

Charity Name

The Barrowden Charity CIO

On accounts for the year ended

December 2023

Charity no (if any)

1197331

Set out on pages

Section A & B

(remember to include the page numbers of additional sheets)

Responsibilities and basis of report

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

As the charity trustees of the Trust, 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 the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

I have completed my examination. I confirm that no material matters have come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect:

accounting records were not kept in accordance with section 130 of the Act or
the accounts do not accord with the accounting records

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. * Please delete the words in the brackets if they do not apply.

Signed: Date: Name:

19/09/24 Name: Michael George Willis Relevant professional qualification(s) or body (if any):

Accountant

1 October 2018

IER

Address:

The Old Orchard, 3 Church Lane, Preston, Rutland, LE15 9NG

Section B Disclosure

Only complete if the examiner needs to highlight 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 . None

October 2018

IER