Charfty number: 210629 THE COLTON'S ACRE GENERAL TRUST UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE COLTON'S ACRE GENERAL TRUST CONTENTS Pag8 Refgrencg and adminlstratlve detalls of the Charlty, Its Trust8es and advlsars Trustees. report Indepondent oxamlnerfs report Statement of flnanclal aGtivltlg5 Balancg sheet Notes to the flnaneial statements 9-16
THE COLTON'S ACRE GENERAL TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 Trustees Mark Oxley, Chair Katie Toms Richard Bracewell Pri Godfrey-Evans {resigned 9 December 2024) Lindsey Green Charity registered numb6r 210629 Prlnclpal office 7 The Close Norwich Norfolk NR14DJ Accountants MA Partners LLP Chartered Accountsnls 7 The Close NoN4ich Norfolk NR14DJ Investment Manager Sarasin & Partners LLP Juxon House 100 St. Paul's Churthydrd London EC4M 8BU Page 1
THE COLTON'S ACRE GENERAL TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their annual report together with the financial statements of the Charity for the year 1 April 2024 10 31 March 2025. Objectlves and activltles a. Policles and objectlves The oblect ol the Charily as s8t out in its governing dowment is Yhe general benefit of the inhabitants of the area of benBfit for such charitable purposes as the Trustees see fif. The governing document stales that tho 'area of benefit. means the Eoclesiastical Parish of Sl Giles-on-Ihe-Hill, in the County of Norfolk". In setting objectives and planning for activities. the Trustee5 have giverb due considerauon lo general guldance published by the Charity Commission rel8ting lo public benefit. induding the guidance 'Public ben8fil.' running a charity IPB21'. b. Strategles for achievlng objectives To achieve the Ch8ritV5 objectives the Trustees award grants to qualifying individuals or organisations. c. Maln aGtivltles undertaken to further tho Charity's purposes for the publlc beneflt Detalls of grants awarded in the year are given in note 5 to the financial statements. Achi•vements and performance . Main achievements of the Charlty Grants of £29,60712024 - £26.11n were awarded in tha year as detailed in note 5 to the financial stalements. The Trustee5 reviewed the perfomiance of Charitys investments assisted by a presentation from the investment manager. The Trustees are working within their agreed Donations Plan FrdmewoTk 2021-2026. Flnanclal review a. Going concern After making appropriate enquiries. the Tnjstees have a reasonable expectation that the Charity has adequate resources lo continue in operational existence for the foreseeable future. For this reason, they continue lo adopt the going concern basis in preparing the financial ststemenls. Page 2
THE COLTON'S ACRE GENERAL TRUST TRUSTEES. REPORT (COPINUED) FOR THE YEAR ENDED 31 MARCH 2025 b. Rasarve8 poIIcy The Trustees aim to hold sufficient reserves to provid& rtaInty of funding for grants whilst maintaining the Charitys capital base to ensure financial resilien. In the Donationg Plan FTam8work 2021-2026 the Truste8s agreed to maintain the current C8PIt31 basg of £1,60D,000 plus CPI over the period. subject to a vithdrawal of up to £40,000 per annum to luné charitablo givlng In accordance wllh the FramewoTk As at the balance sheet date the Charity had resee$ of £1.723.788 (2024 - £1.693,2101. . Finan¢ial summary The Charity's net assets increased from £1,693.210 as at 1 April 2024 to £1,723,788 as al 31 March 2025, structur81 govèmance and managemonl . Constltutlon The Colton's Acre Genetal Trust is a reglstered charity. number 210629, and is conslituled under a Trust deed. b, Methods of appointment or elgctlon of Trustegs The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of Ihe TTUSt deed. Plans for futurg periods Thè Tru51ees are mindful that the Charity was established over 500 years ago and therefore lake a long-term view when maknng investment and expenditure deasions to protect ils longevity. Page 3
THE COLTON'S ACRE GENERAL TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Statemont of Trustees. r8spon$ibilltlès The Trustees are responsible lor preparing the Tnjstees, report and the financial statements in accordance wllh applicable law and United Klngdom Accounting Standards {Uniled Kingdom Generally Accepted Accounllng Praclicel. The law applicable lo charities in England & Wales requires the Trustees to prepare finanaal statements for aach financial year which give a true and fair view of the stale of affair5 of the Charity and of its incoming r8sourcg5 and application ol reSoUs. including its income and expenditu. for ihal period. In preparing these financial slatemenls, the Trustees are required lo: select suitable accounting poliues and then apply them consistently. observe the methods and principles of the Charities SORP IFRS 102)- make judgrnents and accounting estimates that are reasonable and prudent,. stale whether applicable UK Accounting Standards IFRS 102) have been followed, sublacl lo any matèrial departures disclosed and explained in the financial statements.. prepare the financial statements on the going (x)ncem basis unless it is Inappropriate to presume Ihat the Charily will contlnue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charitys transaction5 and disclose with reasonable accuracy al any time the financial position of the Charity and enable them lo erbsure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports} Regulations 2008 and Ihg prOS1oS of the Trust deed. They are also responsible lor safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularkiies. Approved by order of the members of Ihe board of Trustees and signed on their behalf by.. Mark Oxloy _ Date.. 2 June 2025 Page 4
THE COLTON'S ACRE GENERAL TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 Indepgndgnt examinerfs report to the Trusts8s of The Colton's Acre General Trust {Yhe Charlty) I report lo the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2025. Respon5ibllltles and basis of rgport As the Truste&s of the Charity you are responsible for tha preparation of the accounts in accordance with the requirements of the Charities Act 2011 Ilhe 2011 Acl'l. I report in r6spgct of my examination of the Charitys 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 14515)Ib) of the 2011 Aci. Independent examinerfs Statement Your attention 15 drawn to the fact that the Chartty has prepared the acrKJunts in accordance with Accountsng and Reporting by Charities.. Statement of Recommended Practice applicable tr) charities preparing their accounts in accordan with the Financlal Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 in preference lo the Accounting and Reporting by Charities= Statement of Recommended Prarylice issuod on 1 April 2005 which is referred lo in the exlant regulations bLrt has been withdrawn. l understand that thls has been done in order for the accounts lo provide a true and fair view in accordance wlth the Generally Accepted Accounting Practice effective for r&porting periods beginning on or after 1 January 2015. I have completed my examinalion. I confimi that no matters have come to my att&ntion in conneclion with the examination giving me cause lo belIe that in any material speCt. accounting records were not kept In respect of the Charity as required by section 130 of the 2011 Act,. or the accounts do not accord with those records. or tho accounts do not comply with the applicable requirements conceming the form and content of accounts set out in the Charities IAccounts and Reports) Regulations 2008 other than any requirement that the 8ccounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have rbo cOnrS and have com8 across rbo Other matters In connecllon with the examinatFon lo which allenlion should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Pago 5
THE COLTON'S ACRE GENERAL TRUST INDEPENDENT EXAMINER'S REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 This report is made solely lo the Charills Trustees, as a body, in accordance with Part 4 of the Charities IAccounls and Reports) Regulations 2008. My work has been undertaken so that I might slate to the Charity's Trustees those mallers l am required to stale to 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 responsibi1ily to anyone other than the Charity and the Charills Trustees as a body, for my work or for this report. Signed.. Mr F M E Shippam Bsc FCA DChA MA Partners LLP Chartered Accountants 7 The Close Notwich Norfolk NR14DJ Dated: 2 June 2025 Page 6
THE COLTON'S ACRE GENERAL TRUST sTATEmEr OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted funds 2025 Total lunds 2025 Total funds 2024 Note Incorne from" Investments 45.587 45,587 44,797 Totsl income 45.587 45,587 44,791 Expgnditure on: Raising funds Charitable activlties 13,538 34,299 13,538 34,299 12,300 39,813 Total expendlture 47,837 47,837 52,113 Ngt Oxpgnditurg boforg net gains on investsnents Nel gains on investments 12.250) 32,828 {2.2501 32,828 (7,322) 134,030 Nat movement In fvnds 30.578 30,578 726,708 Reconclllatlon of funds: Total funds brought forward Net movoment in funds 1.693.210 30.578 1,693,210 30,578 1,566,502 126,708 Total funds carrigd forviard 1.723,788 1,723.788 1, 693,210 The Ststewnent of finanThal aclivilies indudos all gains and losses recognised in the year. The notes on pages 9 to 16 form part of these finandal slatemenls. Page 7
THE COLTON'S ACRE GENERAL TRUST BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Notg Fixed assèts Investments 1,675,061 1,650.382 1.675,061 1,650,382 Current assets Cash at bank and in hand 49,915 44,028 49,915 44,028 Current liabllitlOS Creditors.. amounts fallin9 due within one year 10 11,188) (1,200) Net current assets 48,727 42,828 Total net assets 1,723.788 1,693,210 Charlty funds Unreslricled funds 11 1,723.788 1,693,210 Total funds 1.723,788 1,693,210 The financial statements were approved and authorised for issue by the TNstees and 51gned on their behalf by.. Mark Oxlgy Date.. 2 June 2025 Tho notes on pages 9 to 16 forni part ofthese ffinanaI statements. Page 8
THE COLTON'S ACRE GENERAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 General Infomiatlon Thè Colton's Acre General Trust is an unincorporated d)arfty reglstered in England and Wales. Accountlng pollci05 2.1 Ba51s of preparatlon of financlal statements The financial ststemen15 have been prepared in accordance with the ChariUes SORP IFRS 1021- Accounting and Reporting by CharThes.' Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of IrelarKI (FRS 1021 (effective 1 January 2019}, the Financial Reporting StanLlard applicable in the UK and Republic of Ireland (FRS 1021 and the Charities Act 2011. The financial statements have been prepared to gtve a ue 8nd fairf view and have departed from the Charities (Accounts and Reports) R8gulations 2008 only to the extent reouireé to provide a 'lrue and fair, vlew. Thls departure has involved followng the Charities SORP IFRS 102) published in O¢tobèr 2019 rather than the Accounting and Reporting by Charities.. Statement of Rècommended Practice effective from 1 April 2005 which has since been withdrawn. The Colton's Acre General Trust meets the definition of a public benefft entity under FRS 102. Ass8ls and liabilities are initially reeognised al historical cost or Iransadion value urkless otherw15e staled In the relevant accounting pollcy. 2.2 Income All income is recognised once the Charity has enttdement lo the income, il is probable that the income will be received and the amount of income re1vable can be measured reliably. 2.3 Expenditure Expenditure is recognised once th6re is a legal or constructive obligation to tmnsfer economic benefit lo a third party, it IS Probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expendlture on raising funds includes all expenditure incurred by the Charity to raise funds for 118 charltable purposes and includes costs of all fundraising activities events and non-charilable Iradlng. Expelldllure on charitable activities is incuried on direcuy undertaking the activities whlch further the Charitys objeckn'ves, as well as any associated support costs. Grants payable are charged in the 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 fulfilled. Grants offered subject to condrtions which have not been mel at the year end are noted as a commitment, but not accrued as expenditure. l expenditure is inclusive of irrecovèrable VAT. 2.4 Interest receivable Interest on lunds held on deposit is induded when r1vable and the amount can be measured reliably by the Charity, this is nomially upon notification of the interest paid or payable by the institution with whom the funds are deposited. Page 9
THE COLTON'S ACRE GENERAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollclgs (continued 2.5 Investmonts Fix6d asset investments are a fomi of financial instwment and a initially recognised at Ih8lr transaction cost and subs8quently measured al tair value at the Balance sheet date, unless the value cannot be rneasured reliably in which case rt is measured at COSI less impairmont. Investment gains and losses. whether realised or unrealised, are combined and presented as 'GainsllLosse51 on investments, in the Statement of finanual acttvitias. 2.6 Cash at bank and In hand Cash al bank and in hand includes cash and short-term highly liquid investments with a short maturity ol three months or less from the date of acquisition or opening of the deposit or similar account. 2.7 Liabilities and provlsions Liabilities are recognlsed when there 15 an obligation at the Balanc& sheet dale as a result of a past event, il is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised al the amount Ihal the Charity 8nticipales it wi11 pay to setda the debt or the amount il has received as advanced payTnents for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obllgalion. Wherg the effect of the time value of money is material. the provision is based on the present value of those amounts. discounted at the pre-tax dIunt rata that refiects the risks specific lo the liability. The unwinding of the discount Is recog1115ed in the Statement of finanal activities as a firsance cost. 2.8 Financial instruments The Charity only has financial assets and financial liabiltiies of a kind U)al qualify as baslc financial instruments. Basic financial instNments are initially recognised at transaction value and subsequently measured at their settlement value. 2.9 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trusleos in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Investment income. gains and losses are alliK8ted to the appropriatè fund. Paga 10
THE COLTON'S ACRE GENERAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Inve5tmerrt income Unrestrlcted funds 2025 Total funds 2025 Tot&1 funds 2024 Incom8 from investments Int8rest receivable 45,389 198 45,389 198 44,598 193 Total 2025 45,587 45,587 44,79f Investment management costs Unrestricted funds 2025 Totsl funds 2025 Total funds 2024 r)vestment management fees 13,538 13,538 12,3QO Pagè 11
THE COLTON'S ACRE GENERAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analysls of grants Grants to Institutions 2025 Total funds 2025 Total funds 2024 Grants 29,607 29,607 26,117 Total 2024 26,117 26.117 The Charity has made the following material grants to institutions during tho year: 2025 2024 Name of institutlon Villiers Park Educational Trust YMCA The SalvatSon Army Sl Giles Parish Council West Pottergate 10,000 10,000 5,000 4,607 10,115 10,000 5,000 1.002 29,607 26,717 Page 12
THE COLTON'S ACRE GENERAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 AnalysSs of expendlture by activitios Actlvltles undertaken dlrectty 2025 Grant funding of activlties 2025 Support costs 2025 Total funds 2025 Total funds 2024 Charitable activiti8S 2,413 29.607 2.279 34,299 39,813 Total 2024 11.175 26.117 2,527 39,813 Analysls of dlrect costs Tot?1 funds 2025 Total funds 2024 Perfect Strangers project costs Ghost Stories project costs 2,029 384 11.175 2,413 11,175 Analysls of support costs Total funds 2025 Total funds 2024 Secretary Insurance Gov8mancg costs 960 197 1,290 151 1,122 Y,080 2,279 2,521 Independent examlner's remuneratlon The independent examine8 remuneration amounts lo an independent examiner fee of £1,122 {2024 - £7,0801- Pag8 13
THE COLTON'S ACRE GENERAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Trust09$' remuneration and 9xpensg5 During the year, no Truslaes received any remuneration or other benefits (2024 - £NIL). During the ar ended 31 March 2025, no Trustee expense5 have been incurred (2024 - £NIL). Flxed asset investmonts Llstod investments Cost or valuatlon Al 1 April 2024 Additions Disposals Revaluations 1,650,382 45,389 137.0411 16,331 At 31 March 2025 1,675.061 10. Credltor5- Amounts falling due wlthln one year 2025 2024 Accruals and deferred income 1,188 1,200 Page 14
THE COLTON'S ACRE GENERAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 11. Statement of funds Staternent of funds - current year Balance at 31 March 2025 Balance at 1 April 2024 Gain51 {Loss8s) Income Expenditure Unrestrlcted funds General Funds - all funds 1,693,210 45,587 147.83n 32,828 1.723,788 Statemènt of funds - prlor year Balance 81 31 March 2Q24 Balance al 7 Apnl 2023 Gainsi (Losses) Income Expenditu Unr85trlctod funds Geneml Funds - all funds 1.566.502 44.791 (52, 113) 134.030 1,693,210 12. Analysls of net assets between funds Analysls of net assets between funds - currgnt year Unrestricted funds 2025 Total funds 2025 Fixed asset investments cUent assets 1.875,061 49,915 11,1881 1,675.061 49.915 11,1881 Creditors due within one year Total 1,723,788 1.723,788 Pag815
THE COLTON'S ACRE GENERAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 12. Analysls of net assets betwoen funds {contlnued} Analysls of net assets betweon funds - prior year Unrestricted funds 2024 Tot81 funds 2024 Fixed asset investrnents Current assets Creditors due withln one year 1,650,382 44,028 (f.200) 7,650,382 44,028 fl,200) 1,693,210 1,693,210 Total 13. Related party transactlons The Charity has not entered into any related paty transaction during the year, nor ar8 there any outstanding balances owing between related parties and the Charity at 31 March 2025. Page 16