Charity number: 210629
THE COLTON'S ACRE GENERAL TRUST
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

THE COLTON'S ACRE GENERAL TRUST
CONTENTS
Page
Referon¢fr and admlnistratfve details of the Char5ty, its Trn$tees and advlsers
Trustee8' report
Independent examiner's report
Statement of financlal a¢tivltles
Balan¢e sheet
Noteg to thg flnancial 8tatements
9-16

THE COLTON'S ACRE GENERAL TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARirY. rrs TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2024
Trustees
Mark Oxley. Chair
Katie Toms
Richard Bracewell
Father Alaric Lewis (resigned 12 June 20231
Pllya Godfrey-Evans (appointed 12 June 20231
Lindsey Green lappoinled 12 June 20231
Charlty registered
number
210629
Prlnclpal office
7 The cfose
Norwich
Norfolk
NR14DJ
Accountants
MA Partners LLP
Chartered Accountsnts
7 The Close
Nor¥wch
Norfolk
NR14DJ
Investment Manager
Sarasin & Partners LLP
Juxon House
100 St Paul's Churchyard
London
EC4M 8BU
Page 1

THE COLTON'S ACRE GENERAL TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their annual report together with the financi81 statement$ of the Charty for the year 1 April
2023 to 31 March 2024.
Objectlvos and activi￿&S
a. Pollcles and oblectivas
The object of the Charity as set out in its goveming document is "the general benefil of the inhabilanls of the
area of benefit for such charitable purposes as the Trustees see T￿. The goveming document states that 'Yhe
"ar8a of beneffv, means the Ecclesiastical Parish of St Giles-on-the-Hill, in the County of Norfolk
In s&tting objectives and planning for activits'es. the Trustee$ have given due consideration to general guidance
published by the Charity Commission relab.ng to public benefit, including the guidance 'Public benefft.. rLJnning a
charity IPB21'.
b. Stratggies for achievlng objectives
To achieve the Charty's objectives the Trustees awdid grants to qualifying indwiduals or organisations.
c. Maln activitie8 undert4k8n lo further the Charit￿S purposes for the public beneftt
Details of grants awarded in the year a￿ gwen in note 5 to the flnan¢ial statements.
Achievements and perfomiance
. Maln achlevements of the Charlty
Grants of £26.11712022- £28,949 were awarded in the year as detailed in note 5 to the financial Slalemenls.
The Trustees review&Y the perfomiance of the Charills investments assisted by a presentation from the
investment manager.
The Trustees are working within their agreed Donations Plan Framework 2021-2026
Financial r¢vl8W
Going conc¢rn
After making appropriate enquiries, the Trustees have a reasonable expeclation that the Charity has adequate
resources lo continue in operational existence for the foreseeable future. For thi5 reason, they continue to adopt
the going concern basis in preparing the financial statements.
Page 2

THE COLTON'S ACRE GENERAL TRUST
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
b. Reser¥&s pollcy
The Trustees aim to hold suff cient reserves to provKle certainty of funding for grants whilst maintaining the
Charitys capital base to ensure financial resilience.
In the Donations Plan Framework 2021-2026 the TTU51ees agreed ID maintain the current capital base of
£1,600,000 plus CPI over the period. subject to a withdrawal of up to £40,000 per annum to funé charitable
giving in accordance with the Framework.
As at the balan¢e sheet date the Charity had reserves of£1,693,21012023- £1,566,502).
c. Flnanclal summary
The Charty's nel assets increased from £1,566,502 as at 1 April 2023 to £1.693.210 as at 31 March 2D24.
Structurob governance and managem&nt
a. Constitutlon
The Colton's Acre General Trust is a registered chanty. number 210629, and is ￿nstitute￿ under a Trust deed,
b. Methods of appointmgnt or election of Trustees
The management of the Charity is the responsibilty of the Trustee5 who are elected and c&opted under the
terms of the Trust deed.
Plans for future perlods
The Trustees are mindful that the Charity was estsblished over 500 yeats ago and therefore take a long-term
view when making investment and expenditure decisKJns to protect its longevity.
Page 3

THE COLTON'S ACRE GENERAL TRUST
TRUSTEES. REPORT (CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2024
statemgnt of Trustees, r•sponslbilities
The Trustees are responsible for preparing the Trustees, report 2nd the financial statements in accordance with
applicable law and United Kingdom Accounting Standards {United Kingdom Generalty AC￿pted Accounting
Practice).
The law applicable to charib.es in England & Wales requires the Tnjstees lo prepare financial ststements for
each financial year which give a true and fair view of the stale of affairs of the Charity and of its incoming
resources and application of resources, including its income and expenditure. for that period. In preparing these
financial statements, the Trustees are required lo-.
select suitable accounting policies and then apply them consistentty.,
observe the methods and principles of the Charities SORP IFRS 102},'
make judgments and accounb'ng estimates that are ￿asOnable and pwdenl.,
state whether applicable UK Accounting Standards IFRS 1021 have been followed, subject lo any
material departures disclosed and explained in the financial statements.,
prepare the financial slalements on the going concem basis unless it is inappropriate to presume thal the
Charity will contin￿e in business.
The Trustees are iesponsible for keeping adequate accounting records that are sufficlent to show and explain
the Charity's transactions and disclose with reasonable accuracy at any lime the financial position of the Charity
and enable them to ensure that the financial statements comply wth the Charities A¢1 2011, the Charity
(Accounts and Reports) Regulations 2008 and the provisions of the Trusl deed. They are also responsible for
safeguarding the assets of the Charity and hence for taking reasonable steps for Ihe prevention and detection of
fraud and other irregularitie5.
Approved by order of the members of the board of Trustees and signed on their behalf by-
Mark Oxtey.
Date. 10 June 2024
Page 4

THE COLTON'S ACRE GENERAL TRUST
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Indopondent examlnerfs report to the Trustees of The Cotton's Acrg Gonoral Trust I'the Charlty'}
I report to the charity Trustees on my examination of Ihe accounts of the Charity for the year ended 31 March
2024.
Responsibilities and basls of report
As the Trnslees of the Charity you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 {'the 2011 ACV).
I report in respect of my examinakn'on of the Charrty's accounts carried out under sects'on 145 of the 2011 Act and
in carying out my examination I have followed the applicable Directions given by the Charity Commission under
section 145{5llb) of the 2011 ACL
Independent examlnerfs statement
Your attenhon is drawp) to the fact that the Charity has prepared the accounts in accordance with Accounting
and Reporting by Charib'es.. Statement of Recommended Practice applicable to charities preparing their
accounts in accordance with the Financial Reporbng Standard applicable in the UK and Republic of Ireland
IFRS 1021 in p￿ference lo the Accounting and Reporting by Charities.. Statement ol Recommended Prdclice
Issued on 1 April 2005 which is referred to in the extant reguLations but has been withdrawn.
l understsnd that this has been done in order tor the accounts to prowde a true and fair view in accordance with
the Generally Accepted Accounting Practice effecbve for rEFX)iting periods Winning on or after 1 January
2015.
I have completed my examination. I confirm that no matters have come to my attention in conn8clion with the
examination giving me Cause to believe that in any tnaterial respect..
ac¢ounbng records were not kept in respect of the Chaiity as required by section 130 of the 2011 Act,. or
the accounts do not ac￿r￿ wtth those records.. or
the accounts do nol comply wth the applicable requirements conceming the fomi and content of
accounts sel out in the Chanlies (Accounts and Reports) Regulations 2008 olher than any requirement
that the accounts give a 'true and fair, view which is not a matter considered as part of an independent
examination.
I have no concerns and have come across no other matters in connection with the examination lo which
attention should be drawn in this report in order lo enable a proper understanding ol the accounts to be
reached.
Page 5

THE COLTON'S ACRE GENERAL TRUST
INDEPENDENT EXAMINER'S REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might slate to the Charity's
Trustees those matters l am required to slate lo them in an Independent examiner's report and for no other
purpose. To the lullesl exlenl permitted by law, I do not accept or assume responsibility lo anyone other than
the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed..
Mr F M E Shippam Bsc FCA DChA
MA Partners LLP
Chartered Accounlanls
7 The Close
Norwich
Norfolk
NR14DJ
Dated.. 10 June 2024
Page 6

THE COLTON'S ACRE GENERAL TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
Unre5trictgd
lunds
2024
Total
funds
2024
Total
funds
2023
Note
Incom8 from:
Investments
44,791
44,791
43,522
Totsl Income
44.791
44,791
43,522
Expenditure on:
Raising funds
Charitable acb'vib'es
12,300
39,813
12,300
39.813
It,452
38,651
Total expendlture
52,113
52,113
50,103
Net expendlture before net goinslllossosl orb
investments
Nel gainslllossesl on investments
17,322)
134.030
17,3221
134,030
(6, 581)
(83, 586)
Net movement in funds
126.708
126.708
(90, 167)
Reconciliation of funds:
Total funds bmughl forward
Net movement in funds
1,566,502
126,708
1,566,502
126,708
1,656,669
(90. 167)
Total funds carrfed f0Th￿rd
1,693,210
1,693,210
1,566,502
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 9 to 16 fom) part of these financial statements.
Page 7

THE COLTON'S ACRE GENERAL TRUST
BAL4NCE SHEEr
AS AT 31 MARCH 2024
2024
2023
Note
Fixed assets
Investments
1,650,382
1,509,054
1,650,382
1,509,054
Current assets
Cash at bank and in hand
44,028
58,648
44,028
58,648
Creditors.. amounts falling due wthin one
year
10
{1.21)0)
(q,200J
Net Currnnt assets
42,828
57,448
Totsl assgts le88 current IlabllStiOS
1.693,210
1,566,502
Totsl net assets
1,693,210
1,566, 502
Charity funds
Unre$tricted funds
11
1,693.210
1.566,502
Total fund¥
1.693,210
1,566, 502
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
P•lark Oxle
Date.. 10 June 2024
The notes on pages 9 10 16 forn) part of ihese financial statements.
Page 8

THE COLTON'S ACRE GENERAL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
General information
The Colton's Acre General Trust is an unincorporated chanty registered in England and Wales.
Accountlng polici83
2.1 Basls of preparatlon of financial statements
The financial 51alernenls have been prepared in accordance wth the Charities SORP IFRS 1021
Accounting and Reporb"ng by Charithes.. Statement of Recommended Practice applicable to ch2riliè$
preparing their accounts in accordance vAth the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 leffects've 1 January 2019), the Financial Reporting Standard
applicable in the UK and Republi¢ of Ireland {FRS 1021 and the Charities Act 2011.
The financial statements have ken prepared to give a 'true and fairf view and have departed from
the Charities IAc¢ounts and Reports} Regulations 2008 only to the extent required lo provide a 'true
and fair. view. This departure has involved folk)wing the Charities SORP IFRS 1021 published in
October 2019 rather than the Accounting and Reporting by Char￿$.. Statement of Recommended
Practice effective from 1 April 2005 which has since been withdrawn.
The Colton's Acre General Trust meets the definib.on of a public benefit entity under FRS 102.
Assets and liabilib'es are initialty recognised at historical cost or transaction value unless otherwise
stated in the relevant accounting Fxjlicy.
2.2 Income
A51 income is recognised once the Charity has entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
2.3 Exponditure
Expenditure is recognised once the￿ is a legal or constructive obligation to transfer economic
benefit to a third party, il is probable that a transfer of economic benefits will be required in
setdement and the amounl of the obligation can be measured reliably.
Ex￿ndit￿re on raising funds includes all expendfture incurred by the Charity to raise funds for ils
charitable purposes and includes costs of all lUnd￿ls1ng activth'es events and non-charitable tfftding.
Expenditure on charitable activities is incurred on directy undertaking the activities which further the
Charity's objectives, as well as any asstKiated support costs.
Grants payable are charged in ttTe year when the offer is made except in those cases where the
offer is conditional, such grants being recognised as expenditure when the conditions attaching are
fulfflled. Grants offered subject lo conditions which have not been mel at the year end are noted as a
commitment, but not accrued as expenditure.
All expenditure is inclusive ot irwoverable VAT.
2A Interest reeelvable
Interest on funds held on deposit is included when recervable and the amount can be measured
reliably by the Charity., this is normalty upon notification of the interest pald or payable by the
institution with whom the funds are deposited.
Page g

THE COLTON'S ACRE GENERAL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollcies (￿ntInued)
2.5 Investm•nts
Fixed a5sel investsnents are a fom of financial instrument and are ir¢ilially recognised at their
transaction cost and subsequently measured al fair valLJe at the Balance sheet date, unless the
value cannot be measured reliably in which case it is measured al cost less impairment.
Inveslment gains and losses. whether realised or unrealised, are combined and presented as
'GainsllLossesl on inveslmenls, in the Statement of financial activities.
2.6 Cash at bank and in hand
Cash al bank and in hand includes cash and short-terrn highly liquid investments with a short
maturity of three months or less from the date of acquisitH)n or opening of the deposit or similar
account.
2.7 Llabillties and provislons
Liabilities are recognised when there is an obligation at the 8alance sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in Sett￿ment and the
amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the
amount it has re￿iVed as advanced payments for the goods or Services it must provide.
Provisions afft measured at the best estimate of the amounts required lo settle the obligation. Where
the effect of the time value of money is material. the piovision is based on the present value of those
amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The
unwinding of the discount is recognised in the Slatement of financial activities as a finance cost.
2.8 Flnanclal Inst￿Ments
The Charity only has financial assets and ffnancial liabil￿eS of a kihd that qualify as basic finanelal
instruments. Basi¢ financial instruments are inittalty recognised at transaction value and
subsequentty measured at their setuement value.
2.9 Fund accoUn￿ng
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Investment income, gains and losses are allocated to the appropriate fund.
Page10

THE COLTON'S ACRE GENERAL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Invèstmgnt Income
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Incorne from investments
Interest recetvable
44.598
193
44,598
193
43,478
44
Total 2024
44,791
44,791
43, 522
Investment management costs
Unrestrictod
funds
2024
Total
funds
2024
Total
funds
2023
Investment management fees
12,300
12.300
11.452
Page 11

THE COLTON'S ACRE GENERAL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analysis of grants
Grant9 to
Grants to
Institutlons Indlviduals
2024
2024
Total
funds
2024
Total
funds
2023
Grants
26,117
26,117
28,945
Tutal 2023
24,945
28,945
The Charity has made the following malerial grants to institutions during the year..
2024
2023
Name of InstitutÉon
Villiers PaTk Educattonal Trust
YMCA
The Salvation Army
West Pottergate
10,115
10,01)O
5.000
1,002
8. 798
10,500
5,000
647
26,117
24,945
Page12

THE COLTON'S ACRE GENERAL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analysis of expendlture by activities
Actfvltles
undertaken
dire¢tly
2024
Grant
ndlng of
actlvttleg
2024
Support
costs
2024
Total
funds
2024
Total
funds
2023
Charitable a¢lNits'es
11,175
26,117
2.521
39.813
38,651
Total 2023
7,403
28.945
2.303
38.651
Analy818 01 dlrect cogts
Total
funds
2024
Total
funds
2023
Perfect strangers pmject costs
An Acre of Stories project costs
11,175
500
6,903
11,175
7,403
Analy$ls of support ¢osts
Totsl
funds
2024
Total
funds
2023
Secretary
Governance costs
Insurance
1,290
1,080
151
1,215
906
782
2,521
2,303
Indèpendenl examinevs remuneration
The independent examinerfs remuneration amounts to an independent examiner fee of £1.08012023 -
£906).
Page 13

THE COLTON'S ACRE GENERAL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Trustees. remuneration and expense5
During the year, no Trustees receNed any remuneration or other ￿nefIts (2023- £NILJ.
During the year ended 31 March 2024. no Trustee expenses have been incU￿ed (2023- £NIL).
Flxed asset investments
Llsted
Inv6stments
Cost or valuatlon
At 1 April 2023
Additions
Disposals
Revaluations
1,509,054
44,598
125,0001
121,730
At 31 March 2024
1,650,382
10. Creditors". Amounts falllng due withln one year
2024
2023
Ac¢ruals and deferred In¢ome
1.200
1,200
Page 14

THE COLTON'S ACRE GENERAL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Statement of funds
Statement of funds - currnnt ygar
Balance at
31 March
2024
Balance at 1
April 2023
Galnsl
(Losses)
Income Expendlture
Unrestricted fund$
General Funds - all funds
1,566.502
44,791
152,113)
134,030
1,693,210
statement of fund5 - prlor year
Balancg at
31 Ma￿h
2023
8alanoe al
1 April 2022
Gain
(Losses)
Income Expenditure
Unrestrlcted funds
General Funds - all funds
1.656.669
43.522
(50, 103)
(83,586)
1,566,502
12. Anatysls of net assots between funds
Anaty$is of net assets between funds- current period
Unrestricted
funds
2024
Total
funds
2024
Fixed asset inve5trments
Current assets
Credilors due within one year
1,650,382
44,028
11,2001
1,650,382
44.028
(1,2001
Total
1,693,210
1,693,210
Page 15

THE COLTON'S ACRE GENERAL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
12. Analysis of net assets between funds (contlnued
Analysis of net assets between funds - prior perfod
Unrestrioted
funds
2023
Total
funds
2023
Fixed asset investments
Current assets
Creditors due wlhin one year
1,509,054
58,648
(1,2QO)
1,509,054
58,648
(1.200)
Total
1,566,502
1,566,502
13. Related party transactlons
The Charity has nol entered into any related party transaction during the year, nor are the￿ any
outstanding balances owing belfftn related parties and the Chanty al 31 March 2024.
Page 16