REGisfERED CHAR￿ NUMBER.. 2010n R•port of th• Tru￿•￿ and UTraudSt•d Flnancljl Stal•rnents lor lh• Y••r End•d 31 March 2024 Potion Con•olldat•d Clb•rhy H8y Partnèrs￿ LLP Chartefed A¢counlants h&m House Hlgh Stro01 Blgglesyrade BedtOfsJsh¥e SG18 OLD Polton Con8olldatod Charfty Contents of tho Flnancld Siatement$ for the Ygar Ended 31 MBrch 2024 Pag• R•port ol tho TnMI•4• Ind•pend•nt Examlr••V¥ R•port St4tom•nt of Flnancjal Adlvlll•• B•l•nG• 8h••t Not•5 to th• Flnandal 8td•m•nts 7 10 13 D•tsll•d Stat•m•nt ol Flnwel•l Adlvltlo• 14 Potton Congolldat•d Charlty Report ol Ihtr Tru8teg$ lorth• Y•ar End•d 31 March 2024 The Iru8t888 pr86•nl lh* ro9￿1 ¥sllh the Ihandal 8ts1omenl8 d ihe chwtty for Ihe year ended 31 March 2024. The trustees hw adopted lh8 provsssons ol Ac¢tsJrllw Reporlino by Charilées: staloni8nl ol Recomfflerxlod Prnctice eppllcaNa lo pr•path￿ Iheir accounts in 8ccordanco wélh the Flnanclal Report1￿ Slar￿OnI applicable in lh8 UK and Rewbllc ol Ifotand IFFLq 102) (effecllv8 l January 2010). OBJECTIVES AND ACTNITIES Objects The oblecfs ol the rjwty wo: - Ihe fori81 ol resldffil In th• Pari8h ol Polton (Ihe area ot bwwni) vhK> need, hardsh￿ Dr dljlresq: . Ilie 9dvr*￿¢nMnt af •ducaU(¥n ol arnl adul¢J wder Ih? ago d 26 the area ol ben•fil.' . lo lurlhor Iha rel￿Ou8 (ther thwH•blo VKKk of lh• Clmwth of EntywKI In I￿ w•a ol bonefil: and . Iho gomral bonafil ol Ihe &tha￿lS dlho of hrnlll L*wllatle 8rea• a8 lh• IN8loeB thlr%k fil. In¢omln9 r￿Qur￿8 Tho oharlll8 Income 19 dertved from r&rt8 ff(m Im81m*rt wOpert￿. compr181w ¢otl89•s and land. and Irom Income fmm Inveslmenls. Publlc b•nèfit The Iru8lees hav• c4)mpltod *llh Ihe du* In Becllon 4 01 lh• Charth Ad 2LW lo have duo rag8rd lo publjc. l)•n8lR guld8nc• publ181￿d by Ih Commls8kn. Grant m•klng polloy The amounl ol fundlng BvBll8blo for gran1$ Is $hwod on a pwcentsgg bas18 8ccordlng lo Ihe Charlty Schome. 25% lor Iho Rell81 of Povwiy. 35% lo Educalk>n," 1%10 Church ol Ewand.. a8 Ihe Iruslee8 ¥08 ni for Ihg bO￿Tr of Ih ol Pcllfm. Pago 1 Potson Con•oltdatod Charfty R•port of the Trust088 for the Year End•d 31 March 2024 ACHIEVEMENT AND PERFORAW4CE Charltabl• Actlvltles Annual Grants Y￿re consldef•d and aWdrd￿ In March fr￿17 a bsl prepared from pm(￿19 yearn. Organispllons ￿Ere ad(led lo or removed from the lisl as appf(P4ed by lh& Intstths * Ihai meellng. Grant3 of £29.250 (2023 £28.2501 wwe rn￿1e lo lThxl 8¢hooh and £67.1)30 (2023 £67.333) lo olher organ18aUons 8654s¢lng Iho pw of Pthiw. Gian18 lor Siudonl Educallon were advertosed kn the lcd p1086 1knrlrvJ AuguBI and al80 In the local P081 Olllce and Lfibrary. Gfants are avwlaN& lo all $lvden18 Ilvlng In Pollon bel￿ Iho a￿$ of 18 and 25 who ar6 6n full Ilme educallon, aBkn) f¢)m76 are by Ihe sludents and Ihelf univw8rty or college * are Ih $crullnl6ed ai Ihe No￿nbIr lh9 IJLtyloes. Tho &mowil rf wants oul was £14.250 12023 £16.463). Gran18 ￿18 81so made lo Bludenl8 aged 1610 18 10 98Stsl ￿th ts CO￿ d lrnfw lo s¢1￿￿ Of couega. Tho 10181 of those Qfan16 wa8 £8.IYXI {2023 ES.537). Gran18 lor PenJlonFA8 91 Clrfblmai (lrymwly Cool Mofw Gf8nl) Y+WO awardo(l kn November Irom a U¥1 appllcanls Irom former Tlkn M81 IB now closed lo new appkants. These gr￿18 amajnled lo £1eo <2023 £200). Olher Gronl Appllcalhjm waro rocolvod kn wylling durlng tho yw, Yla tho Ct•fL Th•se lo dl tru8lees prkn lo the nexl mgolkng. Grans V4WO con8bthed on a needs boskn. Tlie Cl)8rlly ionl11iu￿ lu fund 0 CoMtrU￿¢Y Agoni *lb)se role con￿¢1 otdgr and Vulnerabh) Fy18 In Pollon lo Lhe JeThlces and supporl thel Ihey need. She vl$ilJ dionls In Ihttr lo loarn Ihotr needs and lo supporl Ihern in allBlnlry Ihern. She also enwago& them 10 wlldpale In a¢llvllles Ihal Ihey oTgan188. The Community Ageni aNI her Small netW￿k d ¥oknnloors also wovklo E8blo1 Iralnlng vthefo r8oulrgd. The F￿￿rI as o h8s bgn8llted rn8ny of Ihe okler r881don18 of Pollon and Ihfy Tru$lees aio exlromely pleas•d wlth tho su¢¢o88 ol Iho Wllh the a8818¢ance ol the Commun#y Agor( a hards￿> 8ch8m8 wa8 sel 4) Ihat wo¥lde8 ono hundred £5Q T•sco vn under Socllon 145(SXb) of IMt Ad. Indopendent oxamln•Vs stalemenl I have comploted my examlnatlon. l conttrm ltst no materfd mallws havo (x)mo ￿ my thl8nlk)n In connectlon ¥￿th iha 8xamln8llon gIV￿ me cauoe io b8118ve Ih81 kn any malerlal respect: accounllng fernfds not kepl In ro8p8cI ol tho Tw* aj ty S¢¢lkm 130 d Ihe Ad: or tho accounls do not accord W+lth lh￿ re￿d8.. tx Ilie accounts do not comply VAII Ihe eonwnlry the lom and conlonl ol 8¢counl$ out In Iho Clwit108 (Account8 8nd Rewrtsl Rewlollonry 2008 olher than any requlrom8nl Ihal Ihe ac¢¢xmls giw a Ifue and f8* vl•w wknch18 T￿1 a matter 09 p8rl ol 8n Indepondanl examkn8110n. I h8vo no ¢onc•rn• a￿$ rAm• rl) other maller• In oomodkn *rfih lh8 examlnallon lo wlilch 811oniton Should be drthvn In 1148 rewrt ￿ ￿der to enable a proper urnlerg18nffi of Iho accounts lo be C A FCCA George Hay Portnws￿> LLP Chaflei8d Accwnlants erlpham House HIBh Slreel Blgoleswade Bedfofd811118 SG18 OLD Dale: .. P8ge 4 Poiton Con8011dat•d Chwlly StItsm￿l ol Fln8nclal Actlviil for lh• Yoar Endod 31 March 2024 2023 Tothl fund8 Unreglrlcied 0gslgn*d End¢Mnw Funds Tolal INCOME AND ENDOWMENTS FROM Donallons aiid legades 1rn168tmenl lrtofflé 67.417 105,446 112,863 167,408 Total 69.917 105.446 175.263 157.408 expeNDITURE ON Rnlslng funds 5.549 8.679 14.228 38.677 Ch•rltabl• actlvHI EdLScalion oranis Welfafe 9ronis Rollglon granls Genwal orants SLWOrt costs 36.817 28,298 1,052 38.817 26,298 1.052 55.575 14.408 48.713 34.795 1.392 34,275 13,541 55.575 6.619 8,789 Tolal 66.743 81.635 148.378 171.393 Net 981n911108s￿) ¢Jn Inve8lmenl8 41P.412 419.412 (177.840} NET INCOMEIIEXPENDITURE) J.174 23011 419.412 448,397 {191,826) RECONCILIATION OF FUNDS Tolal lund8 bwhl lonlwd 32.514 57.643 5,649,614 5.739.801 6.931.&26 TOTAL FUNDS CARRIED FORWARD 81,464 6.069,056 0,186,198 5,739,801 noles lomi the¥e finwKlal stthnents Potton Con8olld•t•d Ch•rlty B•lAne• Shttt 3114Arch 2024 2023 FIXED ASSETS Invoslmenls Inve81monls Inveglmgnl propwty 4.985.$54 1.191.889 4￿86.142 1,187,000 10 177.443 5.753,142 CURRENT ASSETS Cash In hand 1a,156 {0,9061 CREDrroAs Amount$ lalllno on• y••r {4.401) 14,435) NET CURAENT ASSETS 8.755 {13.3411 TOTAL ASSETS LESS CUIIREKr LIABILITIE8 6.188.198 5,739A)1 NEY A88eT8 e,186,198 5.739MII FUN08 Unro8lvlcl•d lund8: unrn8111¢I￿ Fund• Dè819n•l•d Fund• la $2,514 67.643 81.454 117.142 80,157 End0￿￿onI fw¢dB: End0*7n•nl Fund• 069.056 5,649.644 TOTAL FUN08 188.198 5.739,801 Iho 11 nclal ￿11￿m￿￿ woro •w0v￿1 by lh• Bowd d TnnteJ• •MI lor 1•8U• ¢)n wolo 4r•d on118 bohalt by: Potton Conaolldaied Chwtty Nuloa lo the FlnJneW Sl8t•m•nts for lh• Yeaf Ended 31 March 2024 ACCOUNTING POUCES 8aBl¥ of pr•parlng lh• Ilnanclal glatemanls The Ilnan¢kl glaiements of the charity. %•thich 18 a publk b•nor￿ enthy FRS 101 have been prepared In accc*danco ¥Alh Ihe Ch8rilw SORP (FRS 1021 'Aceounllng Reporling by Charlllos: s￿lement ol Recornmerthd Prxtu appli¢abh lo charllies preparing Il*¥ ac£ounls In accordan wllh Ihe Flnancial Rep(Kllng S&ndard applkailo In tho UK and Republlc of Ireland IFRS 102) (evecllve l JaNary 20191., FIrnn(￿atr RepNlkng Sio￿l￿d 102 Tho Fln•n¢laJ ReporlinD Slandard 8piAlcablo kn the UK and Republk of Ireland. and the Chaiitles Acl 2011. The Ilnant4al $tslem6nls hAve been prepared under the hlslof¢al cost convenlion, wilh the excemlon of Inve8tnienls wl)fdi aro Indudgd al mwket vthe. B• mot11￿1 ty Ihe rev8luolk>n ol Cert8￿ as8el8. Flnanclal r•portlng Athndard 102 - 14du¢¢d dlscloJur• •x•mpilons Th• C￿rIlY has iaken advan1￿ ol Iho lollo¥ArvJ dlsclosuts exempuoft kn pl￿rIng those Ilnanclal slolements, as permlllefl ty FRS 102 Tho FIna￿ Rtwrtlng Siand8rd 8pFllcable In Ihe UK gnd of tr4yW: Iho r•wtr•mort8 ol Secfh)n 7 Slalfynffit ol C88h FIM. In¢omlng rwurc•• Invè4lm•nt Irmn• and ollw tncomkng are recpgnlsed on a rI￿LY￿ ba818. R￿oUrC￿ •ipend•d Re8owcfrs expe￿ed 8re reco￿¥￿1 hi perk>d Sn We kKAwrad Bntt wo 8lkKal8d lo lh• pBrlkulor aclfvity wlwo Ihg rnlal•s dtfe¢tly lo Ihal aclNty. Grants - th6$8 *0 only recognIS￿ Jn the BCCOUrts when a commllmenl h8$ been made and there or• no condllions lo be mol rebting lo grBnl remaln In th• ¢onlrol of Ihe ¢hLYtly. Inv•itm•nl •8••1• Iiiveslmenl 88s818. other It￿ wtyorlles. we 01 mwkel 8ThJ ￿ valued amualy. Inv8•tm•nt prop•rtl Imieslmenl properlle8 are proleskn• vdued ewy nvo >*ari. ThB lalt ¥vluatk)n carfled <￿1 on 31 M8r¢h 2019 Taxatlon Thty Gliaflty b exwnpt from lax on a￿￿1￿89. Funil a¢countlny Unreslrlcled funds can bo u¥ed kn ￿)r￿￿￿e Lho charkth obJe¢ilYth al Ihe dlscretknn ol Ihe IfU818u. R95trkled lund8 ¢w) bo u8al lor p8rtkul8r fastrw purpoges ￿ Iho obl8cl8 of the ehAiity. Restr￿lionS ori8e vrt￿n by th• d¢Mw or th lunds are falsed Ity parlicul8r mslricled PUIFrt)$8$. Further 0xrAa￿1k￿ of tho natwe and Purp￿ of ea¢h fund 18 lrtlud8d th the notes to the f￿￿101 Slalemenl8. conllnued... Potton Consolldol•d Chartty Nolv• to th• Flnanclal StatomontB - contlnu•d lor th• Y•ar End#d 31 Morch 2024 DONATIONS AND LEGACIES 24 2023 Donadon• INVESTMENT NCOME 2024 2023 Reni8 rncelved Qlher flxed 838•1 IntsY81ment 39.931 132.932 24.341 133.007 171863 157,408 RAISING FUNDS In¥••tm•nl m•nag•m•nl ¢6#t• 2024 21Y23 Inve81menl wopwty mon•grn 14,228 38.677 GRANT8 PAYABLE 01 £6.(MYJ 8nd abm h￿e boen pald kn lh• I)8111uth￿$. Bodlordsltre Rural Crynmuth Clwlly. Woif*o Pollt)n Lowpf School . Edl￿oI￿n Pollon Mlddlo S¢Pwol - Educalknn Pollon Prlm8ry School - Edu¢*lon Santy Upper Schuol. Ed￿&1￿ Suo Rydor Carg 28,978 22.425 10,000 10.000 18,7(Xl 7.000 SUPPORT COSTS UarAg8mgnt cosls Toi8F& ¢yMts 4.660 111.408 o)nllN8d.. Potton ConAolldat•d Charlty Not•s to tha Flnanclal 8tst•ments - contlnu•d for th• Year Endod 31 March 2024 SUPPORT COST8- conllnu•d Supporl COBts. Included In tho •bovo. we as loHM: 2024 Support 061$ 2023 Total acdvllh8 Admlnlstr Independ&nl Examlners Fae Accounting servlces pahj Ind¢pendenl Examlnw 9.141 1.375 1,376 3.185 3.025 14.408 13,541 TRUSTEES, REMUNERATION BENEFITS Th810 no InJ81•0¥' romurw4Jon or other bendll• lof Ihe ended 31 2024 nor lor lh• f end¢d 31 March 2023. Tru•t•e•' •xpon• Th•fe WOf• no Iru81••s' oxp•w•8 pokj lor lh• 31 2024 rnr for Iho 31 Morch 2023. COMPARATNES FOR THE STATEMENT OF FINANCIAL AcfNITIE8 Unroslrlci•d Dosignaled Endowm￿1 l￿dI Total funds INCOME AND ENDOWMENT8 FROM Inv￿lm•DI kKom• 81.388 90.020 157.408 EXPENOITURE ON Ra161ng (und8 15.084 38,677 Charttabl• actlvltl Education granls Wollare 9ranlS Relb'on orantB Goneral granls Suppofl C￿13 48.713 34.795 48,713 3d.705 1,392 34,276 13,$41 34.275 5.281 Totol 54.640 116,753 171,383 Nel galnsl(b$8es) on hY4e4tmwrt8 1177,840) (177,8401 NET INCOMEllEXPENOITURE) 748 (20,733) (177.840) (191,826) RECONCILIATION OF FUNDS Tot* funds brTh. Tlie prop¥rlies were vdued by Me8ws.Brth￿ & Co, Chartwed SuTvesor$ ￿ a131 March 2019. The Trus1￿ belkve that INS ¥llU r8fjecl￿a of Iho fak volue ol Ihe prapefly al tho balance 6he01 dals. Pag9 10 Potton con8011dat￿ Ciwlty Note• to the FIn•n¢1￿ SIBtsrnerrts- contlnu•d lor th• Y•ar End•d 31 Mar¢h 2024 11. CREDITORS: AMOUNTS FALLING t)UE WITHIN ONE YEAR 21r24 2023 4.401 4.400 4.401 4.435 12. ANALYSIS OF NET ASSEfs BETWEEN FUNDS 2024 2023 Tol81 funds lundfj Fur¥J8 fund fund• Inv081monts Current 8s80ts Cuffonl Ilabllllles 41.9go 14.484) 11,838) 80.938 3,079 (2.563) 6.054.516 14.541 8.177,443 13.156 14.401) 5.753.142 18.908) {4.435) 35,688 81.464 6.069.056 8.186.198 ,730.801 13. MOVEMENT IN FUND8 Nol movemw in fund¥ Al 31.324 Al 1.4.23 Unrestrlct•d fuftd• Unf6$irkc1￿j Funds De3kngled Funds 32.514 51,843 3.174 23,811 35,e88 81,454 ,157 28.986 117,142 Endowmènt fund• Endowmenl Fvn(fs 6.649,644 419,412 6.¢)89.056 TOTAL FUNDS 5,739,801 446.397 8.186,198 Nel movemenl In Iih-th. ￿liK10d h) Ihe abM a810& Incoffllw R•8owrM Gains and Movement rn80urceB in lun(l$ Unro•trl¢l•d lund8 Unieslrlcièd Funds De¥lgf)aled Funds 69.917 105,448 {66.7013) 181.635) 3.174 23.811 175.383 (148.378) 26.985 Endovnnent lund• End0bw)￿nt FvFxS$ 419.412 419.412 TOTAL FUND8 176,303 {148.378) 419,412 440.397 Page 11 Ilnuod... Poiion Gon8olld•ted Charfty Notos to Iho FlnJn¢lal Statemgnts- contlnu•d for tho Yejr Ended 31 March 2024 13. MOVEMENT IN FUNDS- contlnu•d C¢)mpaiatlv•J for mov•rn•nt In fund• Nol ovemenl tn funds Ai 31.3.23 Al 1.422 Unr••trlct•d fund• unreglr1c1￿ Funds Deswnaled Fund¥ 26,766 78.376 6,748 120.733) 32.514 57,643 104.142 (13.985) 90.157 End¢)wm•nt lund• Endowment Fund• 6.827.484 1177.840) 5.649.644 TOTAL FUNDS 5.931.626 (191,825) 5.730.801 Ré8lM¥CU G01D¥ and Mo¥em8nl fu￿1$ Unr0•trf￿?d lund Unr081rkle¢J Fund& Dojlgnaled Funds 61.388 96,020 154.840) 1118.753> 6,748 (20,733) 157.408 (171.393) (13.9851 endowmont fvnd• Erdowmeth Fund8 (177.840) <177,8410) TOTAL FUN08 157.408 (171.3W {177.840J (191,8251 A ojrrent yew 12 and ypar 12 monlh$ ¢Orn￿ polkn kn 88 follo￿. N81 movomonl lunds Al 1.4.72 31.3.24 Unroslrlct•d fund8 unre8lr1d￿ Fund$ Designated FLW 26,166 78.376 9.922 3,078 35.888 81.454 104.142 13,( 117.142 Endowm•nt lund• Endowment Funds 6,827.484 241.572 6,069,058 TOTAL FUNDS 6.931.628 254.512 .186,198 12 eonllnuèd... Pollon Con8alldat•d Charlty P4at•s to lh• Fln8n¢lal Stat•mant8- CDnilnuod for th• Year Ended 31 March 2024 13. MOVEMENT114 FUNDS- Gontlnu•d A currenl yew 12 morth and prb)r ￿ 12 months COM￿ nel mmemenl In fvnd8, Includ8d kn th akA)vu ar8 as lolows.. Incomlnu Re80urceg Galn8 and Movomenl sources 8xpeThJed 105808 lil lund8 Unr•strlct•d fund• Unreslrlcled Fuiid8 De5tyalod Funds 131.305 201.468 {121.383> (198,388) 9.922 3,078 332.771 1319.771) 13.000 Endovnnont fund• EnLlowmenl Funds 241,572 241.572 TOTAL FUNDB 3>2.771 (319.771) 241,672 254,572 De*Trat¢d Fund ￿lOcat[on 2024 2023 E(hKallon Welfare Church of E￿and 33,895 47.427 132 33,764 (2S7) 81,454 57.843 14, RELATED PARfY DISCLOSURE8 Thfjro wwe M related pwty (or Ilw •nd•d 31 M*eh 2024, Page 13 Prtton Con•olld4t•d Charlty D•lalled Slatom¢nt of Flnanclal Actlvttles lor tho Year Ended 31 March 2024 2024 2023 Toi funds lund$ lunds furYJ8 INCOME AND ENDOWIIENrJ Don•tlons and l•g8¢1o1 Donallo 150D Inv•Btm•nt In¢om• Ren16 re￿4¥•d Olher flxed 83$81 In¥*th•nl 39.931 132.932 39,931 132,932 24,341 133,067 172,863 172.863 167,408 Tol•l In¢omlng r••ourc•• 17&363 175.363 167.408 EXPENDITURE Invo•lm•nt m8nag•menl ¢obts 1nvo8im￿I woporly co 14.Z18 14.228 38.677 Charllablg a¢tlvlll•fj Gran1$ lo h8lHuUon8 Gran1810 Indlvldu818 97.332 22.410 Q7.3Y 22,410 98.gTS 22,200 119,742 119.142 119,176 gupport colts Managgm*nl Admlnknlrallon 9.84B 9,141 Gov•rnAnc• co•1• Indepondgnl Examhfjrs Fee A￿D11ft9 Sewos p8kJ lo Ihe Ind•pendenl Exam6ner 1,376 1,375 1.376 3.185 3,18S 3.026 4,400 Total re8wr(x expondod 148.378 148.378 171.393 N•t •xp•ndllur• bdoi• ylns and1088•8 {13.P85) Roall8•d ro¢ognlsed galn• nnd1088 Galn salfy ol Inve$lmenl asset Rovaluallon galn8llloss¢8) on knv•8lnw <13> 419.412 419.412 1177,82n N•t •Jtpgndltur• 419.412 448.397 (191,826) page does ￿1 fcm pwl ol the st8lUtryllnw*1￿ slalomwrts Page 14