2022-12-31-accounts

THE PRESTBURY UNITED CHARITIES

REGISTERED CHARITY 202655

TRUSTEES' ANNUAL REPORT FOR 2O22

The registered name of the Charity is The Prestbury Charity but the Scheme states that the Charity is known locally as The Prestbury United Charities (PUC).

The Registered Address is that of the Clerk:

34 Desert Orchid Road, Prestbury, Cheltenham, Gloucestershire GL52 5FD

The Governing Document is the Scheme of the Charity Commissioners dated10th April 1991 together with a scheme issued on 4th August 2010, and a further scheme issued 10[th] December 2019

The Persons Legally Responsible during the year were the Trustees, namely:

• Wendy Price, co-opted, Chair

• Jeneth Slater, nominated (PPC), Vice Chair resigned October 2022

• Kate Bishop, nominated (PPC)

• Reverend Nicholas Bromfield, ex officio

• Claire Morris, co-opted

• Nicholas Roach, co-opted

• John Payne, nominated (CBC)

• Philip Nigel Woodcock, co-opted

and the Councils of Prestbury Parish (3) and Cheltenham Borough (1) which have powers to nominate the number of Trustees indicated.

The Charity's Main Agents are as follows:

• Bankers: HSBC, 2 The Promenade, Cheltenham, Gloucestershire, GL50 1LS

• • lndependent Examiner: John S White, Tudor Cottage, 2 High Street, Prestbury, Cheltenham, GL52 3AS

• Investment Advisor: Mr Nicholas Roach, Moss Bank Farm, Upper Mill Lane, Prestbury, Cheltenham, Gloucestershire, GL52 3NF

The Scheme contains the following Restrictions:

• The Charity's area of benefit is the postal code areas of GL50, GL51, GL52, and GL53 with preference retained for those living firstly in Prestbury and secondly in Swindon Village or Southam.

• In applying the income of PUC, the Trustees shall not commit themselves to repeat or renew the relief granted on any occasion in any case; the Charity shall not apply income directly to relieve public funds.

• £11,001 (which has been invested) is stated by the Scheme to be permanent endowment.

1

The Prestbury United Charities Trustees’ Annual Report for 2022

The Prestbury United Charities is normally administered by nine trustees and a clerk who works on a self-employed basis, being remunerated for hours worked. It has no paid employees.

The income of the charity is made up of dividends and interest on investments.

• In 2022 the total income received was £25,114.25.

The Prestbury United Charities uses the income from investments to meet the needs of applicants whom the trustees consider are eligible for assistance. During 2022 the PUC approved 15 applications from individuals whose fulfilment cost £6,479.53.

In 2021 the PUC established a partnership with the Cheltenham office of the P3 charity to extend relief to those in need in its area of benefit. During 2022 the P3 charity was granted funds of £7,000 to administer on the same application basis as the PUC but with a maximum individual grant limit of £500.00. In 2022 the P3 Charity approved 24 applications and spent £4,148.50 in their fulfilment. There was a balance of grant monies awarded to P3 of £3,842.02 at the end of the year.

In addition, grants amounting to £10,000.00 were made to the Cheltenham Foodbank.

In total grants of £23,279.53 were made during 2022. Overheads for the year were £2,979.67.

• In 2022 the total expenditure was £26,459.20

ln 2022 the deficit of income over expenditure was therefore -£1,344.95. That contrasts with a deficit of -£9,163.53 in 2021; an excess of income over expenditure in 2020 of £203.00 and £6,735.00 in 2019.

The financial policies followed by the PUC during this year were:

• Trustees shall ensure that investments comply with the Trustee Act 2000 (or any later version), and that:

• 1 .1 The aim of the Trustees is to protect the value of the investments against inflation.

1.2 The Trustees take "proper advice" when investing. This advice is to be given by a Stockbroker or other suitably qualified financial advisor and the Trustees must ensure that:

• 1.2.1 There is a proper diversification of investments, and,

• 1.2.2 The investments are suitable to meet the needs of the Charity, and,

• 1.2.3 The risk is acceptable

Wendy Price Chair of Trustees

2

Trustees’ Annual Report for 2022

The Prestbury United Charities

Prestbury United Charities Statement of Financial Artivltes for the Year to 31 December 2022 Totsl 2022 Total 20ZI Income Investment Income Sundry donatlons Total Incoming Resources 25,114.25 23,276.15 25,114.25 23,276.15 Costs of charltoble expense Overheads Grants Totsl Resources used 2,979.67 23.479.53 26,459.20 1,845.52 30,594.16 32,439.68 Surplus/ (Deficlt) of Inwne Over Expendlture -1,344.95 -9.163.53 (Decreaselllncrease in Investment Valuation -58,829.02 64,645.97 Totsl funds brought forward 716.762.19 661,278.81 T(tsl Funds Canled Forwaffd 656.588.22 716.762.19

Prestbury Unlted Charities Balance sheet for the Year to 31 December 2022 Notss 2022 2021 The assets and liabillties of the charity- Flxed ossets Investments 606,426.95 665,255.97 Currentowts Cash at bank 50,161.27 51,506.22 Net Assets 656 588.22 716 762.19 The funds of the charfty: Unrestrlcted income funds 656 588.22 716 762.19 Approved by the trLtstee5 on Chalrman

Prestbury Unlted Charities Notes to the accounts for the Year to 31 December 2022 A<ctyJntlng polldes Basls of preparation of the acwunts The financlal statements have been prepared under the hlstorlcal cost conventlon. The accounls have been prepared In attordance wlth: the Flnancial Reportin8 Standard applicable In the Unlted Klngdom and Republlc of Ireland Charities SORP FRS 102 the CharStles Att 2011 Funds Structure Oicy The charity maintslns a general unrestrlcted fund whkh represents frjnds that are expendable at the discretlon of the trustees In lurtherance of the oblertfve5 of the charity. The oblectlve of the charity beln8 the rellef of those In need Sn the Pre5tbury area In£￿dIng Posi Codes GL50. GL51. GL52 and GL53. Analysts of UK Inveslmi 2022 2021 2020 COIF M&G Charrfund M&G Charibond 273,842.08 279.226.02 53,358.85 606.426.95 3ce.865.40 295.696.24 59,694.33 665,255.97 274,842.44 263,979.48 61,788.08 600,610.00

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trustees The Prestbury Charty (also known as: The Prestbury United Charities) 3181 December 2022 On accounts for the year ended Charity no (if any) 202655 S•t out on pagos I report to the trustees on my examination of the accounts of the above chaiity (Ihe Trust.) for the year ended Responsibllities and bas18 of report As the charity's trustees, you are responsibb for the preparation of the accounts in accordance wrth th8 requirements of the Charities Act 2011 (Ihe Act"). I report in respect of my examination of the Trust's accounts carrled out under section 145 of the 2011 Act and in carying out my examination, I have followed all the applicable Directions given by the Charrty Commission under section 145(5)(b) of the Act. Independant examiner'8 8tatsment I have Completed my examination. I confim that no material matters have come to my attention in connection viith the examination {other than Ihat discl¢)sed below ') which gives me cause to believe that in, any material respect.. the accounting records ￿re not kept in accordance with section 130 of th8 Charrties Act. or the accounts did not accord with the accounting record8. or the accounts did not comply with the applicable requirements conceming the fom and content of accounts Set out in the Charities {Accounts and Reports) Regulations 2CQ8 other than any requirement Ihal the accounts give a Irue and fairf view which is not a matter considered as part of an ind8p8ndent examination. I have no concEms and have come acros$ no other matters in connection with the examination to whi¢h attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. . Fvease delete the ￿￿rdS In the brackets rfthey do not apply. Signed: Date: Name: Relevant professlonal qualificationls) or body /A IER (kt 2018

(If any)". Address: Cc-(-L * sr. 42 3.4S, Section B Disclosure Only Gomplete if the examiner needs to highlight material matters of concern (see CC32. Independent examination of charity accounts: directions and guidanGe for examiners). Glvo here brl•f dotall$ of any items that the examinerwl8hes to dlsclose. IER Oct 2018