CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts SeGtion A Independent Examiner's Report Report to the trustsos Town Lands Charlty On accounts for the year •nd•d March 31. 205 Charity no (If any 204672 set out on page4 Page 2: Stat8ment ot C(Ynwehensive Inwme Page 3.. Statement of Financial Position See also the Clerk's ReF(Jrt lo the Board of Trustees I report to the tru8t6es on my 8xamlnatlon of the a(zounts of th8 al)ov8 tharity (Ih8 Trusf) fLY the year ended Responslbllltl•s and basls of roport As th8 charity's trustees. you are reskwJnslbl8 for the preparatk)n of th8 8Ccnts in arxX)rden wlth the reqUIrents of the Charftl8s Ad 2011 Ilhe Ad.). I report in resped of my examinatksn of the Trust's accounts carried out under se¢tp)n 145 of the 2011 Act and in cang out my èxamination, I have folbw8d all Ihe applicable Directions given by the Charity Commission under section 14q5Xb) of the Act. Independent I h8va COmal8d my axamin8tn. l Gonflrm that no materlal matters have examln•rf• statsmont come to my attentlon in o)nnection with the examinaticn (other than that dlschjsed t*low') whith gives rr causa to beli8ve that in, any material r8spect. the accounting records wer8 not kept In accordance wlth sKtiDn 130 of the Charilies A¢t,' or the account3 did not accord with th8 accntIng record8: or the accounts did not comply wlth the applicable requirements cxjnceming the fomi and content of accounts sèt out in the Charltles (Accounts and Reports) Regulations 2008 other than any requirement that Ihe accounts give a Irue and fair, wew which Is not a matter consKlered as part of an indepeThY8nt examination. I have no concems and have come 8cross no other matters in connection with the examination to which attenlion should be drawn in this report in cthr to enable a FKoper uNlerstarMSing of the aCCnts lo be reached. ' Plaas& delete the words in the brnckets rflhgy do nol apply. Date: June 16, 2025 Signad: Name: Davld A Moore Address: 4 Clarkes Way, Welton. Daventy. Northamptonshire. NN112JJ.
WELTON TOWN LANDS CHARITY ANNUAL ACCOUNTS YEAR ENDED 31 MARCH 2025
WELTON TOWN LANDS CHARITY futth• ar ended 31 Marth 2025 The TTSte are very pleased to present the acounts of the Trust fortheyear ended 31 March 2025. The 4nnual Income and totsl assets are Ix)th belcrti the level that would requlrt the Trust to obtain 3n aud and prepare account> Desptte th15 Statutory exemption the aLTounts are 1repend4nt1¥ Èxamlned and are presented at the Amnual General Mtetlng of thè Parlsh Coundl. Fin•nc¢al inforrnatlort Is also entered annual Into the Charity Commisslon DJt•bast. Th• Ba¢fv4rot0th• Tvxt Welton Town LandsTru5t (the Trust'l was created over four hundred years ago. It ¢ame about throu the generosrty of xrne yeornan formers who contributed land 19 5UPPOrt people In need, the churth and educatlon in the parLsh. The Trusvs incorne of around £4.5c per annum tontlnues to be used to support the same 41m& Thé TNst Is an unlncarporated Reglstered th•rfty (No. 2046721 that comes under the superylon of the Charlty Comrnls$loners for En8land and Wa. The nd is hèld by the Offidal Custodian for charltles. htt ov.u harl -in lon The Trust board comprfses 12 Trustees, IndudlnB the Chalr and the Vfear, who Is Jn ex-offido Trustéè There Ss a Clerk to record th mlnutes, collert the income, dlstrlbutethe grants and keep the books. Ail these posltlons art voluntary except for the Clerkwho fÈclves a small hoftorarlurn. W• welcixned Matthew 8ullen as a new Trust¢¢ In Mèrth 2024. bmm•ryofYMr In March the Trust rec•fved • generovs donatbn of £35.OCfj and was able to clalm £8.7SO In glft ild. The total Incgrne for the year w•s £48,3 4nd expendlture was É3.747 produclng a suwus for the y•ir 01£45,236 The balance on the current aCCOLtnt was £898 and the sawnF ac¢04tni £,9)5. There was £0 of uncashed theques at the year end. £750 of edu¢atlonal thlrd payments were made afterlhe ye•r end. Aslde frorn donatIcS and • srnall amount of Income from Investments, the m•lortyof Incgrne Is derlved from ljnd rènted to • tenant famier, of whlth one fieldls Stlll narned Yown Land<. TheTrSt$ F5nand41 Investments o)mprlse 3 hokllng5 totallin8 QS,$66 Incorne from the Inve#rnents have perfomed well thls year. proJucln8 an Incorne of £1,071. Thelr a88regate value dropped * £1.640, whlth Is not surprIsi gNen the current economlc outlook. The annual incorne rtum waslust under 3% In accordance with the Trust Deed, after a srnall amount of expenses, the Income Is dfvlded a5 folkws: One thlrd Is reserved for the need5 of deservlng peopk In the parish regardless of a8•,. One thlrd 15 glv•n to St Martins churth,. ar)d One thSTd Is devoted to efjucatlonal Purposes, of whlth- Haff LE donated to Wekon Prfmary Sthool.. and the other ho 1$ used for eduotional 8rnnt$. to aS5i5tthosewho incur expense In thelr educatlon ortralnln8 and to 45515toryanlsatlons supportIn8t Youryer membern of the pari8h. The Trvst dlstr1tr¢ed 108rantstotallin8£1.2C#) Sn De¢¢mber,' pve £1.5CQ to St Martlns church and £750 to Welton Prlmary School. There wa5 2 irvJNldual Educatlonal Third appllcatbrts and reclplents received £125 each. There were a0 appllcations from Welion Guides, Welton Brgwnles, Welton Ralnbows and Welton Playgroup who eath received donatic$ of £125. The Trustees like to thank Davld Moore for On agaln undertakln8the annual revlew of the accounts
IlfLTON TOWN LANDSaIAy STATEMENTOFRNANaALFOSITION Fortheyear endwj 31 Mardj 2025 2025 2024 FIXED ASSEY L•nd •tC• ixe I FINANWLINVESIMENTS lTh¥•th•rts•rvlu•llo M&G SecurRs CCL Blackrock le2 L9.10 31.636.49 224.12 L953.68 33.182.S4 3SJ6&71 57306.57 8ankl¢tsiant Tiea5urerskcourt D)6.S7 5A22.96 246n8 50JO5. Uncashed CheoJ•s at E11 Ye4r ASSET5 AT ENDOF YEAR 86A7105 42,8761 25 2424 NET ASSETS AT5fART OF YEAR 42*75.61 40,140.68 SURPLUSIDEFIUTI FOR THE YEAR (Irom I&EAccount) 45.236.30 CHAIIGE IN VALUE OF FINA14CIAI INVE5fMENTSIFrom Nrtt2 L639J6 2,775.87 T ASSETS AT OFITAR 7105 42175.61 TREASURER wtT0 land515 ww¥1ththèowc(nrnrAC.ft<8teVe (harty Fknber Z(tyW2
W4C(XE AND FXPENDITUAE ACCOUNT Forthe Year ended 31 March 2025 INCOME rown Lanth DAOndd 3MIS.70 3M15.70 315.70 3A15.70 DoDatk)r 44,(W. 5YIC 44CAXJ. 530.(A) Investments 92.C 902.46 76.27 70.76 884.75 85.28 COIF Charfnco 1070.73 1040.79 8ink Interert 97.18 56.74 97.18 5&74 48JlJ.61 SJ4323 ExpeNDITURE rrh Welton PCC . 1.5CQL i.scom . L5ty) EducloN Éducatlon41 Thlrd Sth001 . L41Kl.Tr) 750. 750.(X) 79). 2,150X Support Dec Distrlbulh)ft GoothAII - L350.IKI 20J.IKI . 1,550.ty) Expenses Vlll•8e Hall tlerb Elw15 Honorarlum Rent Ilev4tr Envlionment A4en 3& 23I 2xI.fAI 29).LXI 11.31 IL17 297.31 284.17 Totsl ENp•ndiwr• J.747.31 . 5JX17 SURPLW IDEFKin FOR THE YEAR 4533& Welton TO land515 r<ed vriththoCtrArity Resta*d Qharty Irnbu 204612
NOTE I WELTON TOWN LANDS CHARTTY FIXED Ass INVESTMENTS fly year- l April 2024 to 31 March 2025 LAND The Welton Town Lands charfty own5 54.41 attes of agrlculiural Pasture. The charlty15 unlncorporated. Therefore the land Is reOstered In the name of the officlal Custodian of Charities land holdin8 service. Thi5 means ihat any deallng5 wlth the land are restricted bythe charlties act and the Tntst's governin8 document. The land was first re$lered wh HM Land Registry on 17 October 20LKI with Possessory Tltle. This only happens when the orl8inal deeds cannot be produced at the time of fl re8lstration. More than 12 years have elapsed therefore Possessory rrtle will automatically convert to Title Absolute. The Trustees conslder the land to be a lon8 temi Investment and therefore the land Is held in the balance sheet at Cost. On 16 June 1025 the Trnst re¢•lved a&k from H¢)wklns •nd H•rrL%on that the vac•nt pos•$$lon Value to between £8.000 and £9,000 p•r cre (£435,000 to £490AIOOI. AGRICULTURAL TENANCY The land is subiect to an agrlcuhural ienancy from 1987 on a full repairing and Insurln8 basls. The ori8inal ierm was six years but this Is extendlble annually subject to 12 mcffiths notl¢e. The current tenant Is D.A Ofleld and the annual rent Is £315.70 payable in half yearty Instalments on 25th September and 25th March that produces an annual yield of cl%. The annual rent between 2014 ind 2019 was £65.00 per acre. The rent was last revlewed In 2025 by Hcfv¥kln5 & HalSOn wh•n th• rent m4nt•ln•d •t £70 p•r •u•. On 16 Jun• 2025 the Trust recehed adv1 from Howklm and HSOn that the rent from the land be between £75 and £80 per acre. Thls 1$ blsed on t*naDt hwlns s•curltyof tenur•. The next rent review Ss duè on 19 September 2026 A summaryof the Flnandal Investments can befound in Not• 2. The investments achleved a gros5 income yield of 3% forthe year.
NOTE 2 FINANCIAL INVESTh4ENTS for year- l April 2024 to 31 Mai¢h 2025 Holdl 3110312025 3110312024 M&G Securltl•s Charibond Income Fund Holdlng DIdendS In year 1769 1769 £92.(Xl £70.76 Opening Value Change in Value c11n8 Valu• Date of Valuation 0710412025 3110312024 Thls lrnRstmentwas lIqdIted by M&G on 71412025 for £1,769.00 £1,953.68 -£47.58 £1,6.10 £1,937.84 £15.84 £1,953.68 CCLA COIF Choriiies Investment Fund Ilncame unltsl Holding 1624 Divldends In year 1624 £902.46 £884.75 Opening Value Ch8nge In Value aoslrw V•lue D*e ofvaluation £33,182.54 1,546.05 £31,636.49 £30,391.05 £2,791.49 £33,18234 3V0312025 3110312024 Blackrock Charlties UK Bond Fund A Income Holding Dividends In year 1421.16 1421.16 £76.27 £85.28 Opening Value Change In Value Closing Value Date of Valuation £2,070.35 -£46.23 £2,024.12 £2,101.81 -£31.46 £2,070.35 31103n025 3110312024 TOTALS Opening Value £37,206.57 1.639.86 £35,566.71 £34,430.70 £2.775.87 £37.206.57 Chan8• in Valu• aoslng Value Total Income £1,070.73 £1,040.79 WeltoDTown Lands 1$ reglsterèd w the th4rity CommlssloD. Re8lstered Charty Number 2C46n
WELTON TOWN LAND5 CIIARrrY The following people held office as Trustees durin8 the year Mrs M Lovatt. High Street Ichair) Mrj Emery. Kiln Lane Mr R Gowling, Crockwell Farm Mr K Sargent, Courtyard Lane, Badby Mr D Smith. Klln Lane Mrs D Taylor, The Ridgeway Mrs J Turland, Well Lane Ms Helen Turland. Ashbv Road Mrjohn Edwards Mr Peter Swanson Rev Kathryn Evans - EK-Offlclo Trustee Mr Matthew Bullen (from March 2024) Trustees are appointed on a long-term basls and meetthreetimes a year. in March. June and Nov•mber. Mr Adrian Jolliffe held the port of Clerk to the Trustees from l April 2024 to 31 Marth 2025
Re8lstèred Addrn Adrtan Jollrffe clerk to the Trustees Welton Town Lands Trust Beechwood Rise 2 aarkes Way WeOn NNII 21J li- Registered Charity No. 204672