2024-12-31-accounts - The Barrowden Charity CIO

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

BARROWDEN CHARITY CIO

Registered with the Charity Commission (Registration No 1197331) Report for the Annual Parish Meeting, April 2025

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 2024 / 25

No changes in the current trustees since our report in April 2024.

At the beginning of 2024 we were approached by members of the village hall development group for a £50,000 'soft' loan. This was agreed with an interest free period of 5 years followed by a 10 year repayment schedule, interest to be agreed. After considering current interest rates in April 2024, the trustees decided to donate £30,000 to the development of the new community hub. The remaining £20,000 was requested as a loan by the group in September 2024, which the Charity trustees agreed to, repayment starting at the beginning of 2026. The loan will incur current interest rates from February 2026. A legal document has been drawn up to this effect.

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 additional help with energy costs for beneficiaries during the winter period. We also offer help to residents over the age of 75 with payments for TV licences. We funded the cost of the royal mail collection point at the shop in 2024.

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 (delayed this year due to the Community Hub being built). We also provide refreshments for the Tuesday afternoon group who meet for games at the village shop.

The main source of our income is the rental of a ground floor shop in Hammersmith, which, together with interest on investments, normally brings in approximately £40,000 per annum, less agent expenses. The tenant has experienced some financial challenges following the pandemic and road layout changes on King Street, Hammersmith 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 2025

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 4 to (end date) 3 D D 1 M [1] M 2 2 Y 4 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	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 48519 7104 55623 55623 16231 1600 24309 266 44826 44826 10797 20398 31195 2420
Rent received	32206					48519
Dividends	6789					7104




	38995					55623
Sub total A2 Asset and investment sales, etc Total receipts A3 Payments
		38995				55623


MonthlyBenefitspaid		15287				16231
Birth/Death payments		1600				1600
Other Benefits		~~21600~~				24309
Admin		430				266
Clerk's Salary		2420				2420
Donation to Village Hall Fund	30000



	71337					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
	71337 (32342) 30000					44826 10797

	31195 28853					Ty 20398 31195

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	7
Barclays Current Ac	11346	17500
	11353	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			234351
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

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

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 2024

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:

15/09/2025 Michael George Willis

Name:

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

Accountant

IER

1 October 2018

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