## **Gedney Hill Estate Charity Trustees' Annual Report** Period start date Period end date **From 1 02 2020 To 31 01 2021** Section A Reference and administration details > **Charity name** Gedney Hill Estate Charity 212473 c/o Mrs R E Reeve The Blacksmith’s Cottage, 2 Swapcote Lane, Long Sutton, Spalding, Lincs **Postcode PE12 9HD** ~~ee~~ > **Charity's principal address** c/o Mrs R E Reeve **Names of the charity trustees who manage the charity** |**Trustee name**|**Office (if any)**|**Date of Initial Appointment**|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---| |Peter Geerlings|Chair|September 2005|| |Simon Smith|Vice Chair|May2010|| |John Beeton||June 2004|| |Jennifer Venters||October 1991|| |Peter Bingham||September 2001|| |Malcolm Sly||September 1999|| |William Johnson||July1989|| |David Burgess||September 2001|| |Colin Marshall||June 1998|| |John Grevatt||April 2016|| |John Venters||September 2019|| |Amanda Clampin||April 2018|| |13|||| |14 Rebecca Reeve|Clerk|January2014|| ## **Section B Structure, governance and management** **Description of the charity’s trusts** Trust / Scheme Type of governing document (eg. trust deed, constitution) Charity How the charity is constituted (eg. trust, association, company) ~~SO~~ (eg. trust, association, company) March **2012** **TAR** 1 Trustee selection methods Six nominated Trustees and Six Co-opted Trustees (eg. appointed by, elected by) Nominated Trustees are appointed as follows: 3 by the Parish Council of Gedney Hill 2 by the Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Gedney Hill and 1 by the Lincoln Diocesan Trust and Board of Finance Ltd. Term of four years Co-opted Trustees are appointed as persons who through residence, occupation or employment, or otherwise have special knowledge of the Parish of Gedney Hill. Term of five years. ## **Section C Objectives and activities** To provide financial support to persons / organisations in cases of need and hardship only within the Parish of Gedney Hill, Lincolnshire. To let and manage land belonging to the Charity. To manage the Charity General Fund and to allocate payments of the income to: 1) 2/20 (10%) to Gedney Hill Primary School to provide the school with special benefits not normally provided by the local Education Authority; **Summary of the objects of the** 2) 2/20 (10%) to Gedney Hill Parish Council towards a **charity set out in its** reduction of the rates payable by the Parish of Gedney Hill; **governing document** 3) 3/20 (15%) to the Parochial Church Council of the Holy Trinity Church, Gedney Hill, towards the cost of the repair of the fabric for the Parish Church and the maintenance of services; 4) 3/20 (15%) to the Lincoln Diocesan Trust and Board of Finance Ltd, as Trustee of the Stipend Fund, for application by them as part of the income of that Charity; 5) 10/20 (50%) for use in relieving generally or individually persons resident in the Parish of Gedney Hill who are in need, hardship or distress by making grants of money or providing or paying for items, services or facilities calculated to reduce their need, hardship or distress. March **2012** **TAR** 2 To provide financial support to persons / organisations in cases of need and hardship only within the Parish of Gedney Hill, Lincolnshire. During 2020 – 2021 the Trustees allocated £300 for both ‘dole / Needy’ payments and for student financial assistance. Payments totalling £11,219 were provided for 31 residents in cases of **Summary of the main** hardship (dole payments), 4 students received financial assistance **activities undertaken for the** and one family received financial assistance following a house fire. **public benefit in relation to these objects (include within this section the statutory** To let and manage land belonging to the Charity. **declaration that trustees have** Land was let and managed generating a rental income of £29,081. **had regard to the guidance issued by the Charity** To manage the Charity General Fund and payments of the made **Commission on public** to: **benefit)** • Gedney Hill Primary School • Gedney Hill Parish Council • Parochial Church Council of the Holy Trinity Church, Gedney Hill, • Lincoln Diocesan Trust and Board of Finance Ltd • The ‘Needy’ (for use in relieving generally or individually persons resident in the Parish of Gedney Hill who are in need, hardship or distress). During the year 2015-2016 additional land was purchased. This land purchase secured further investment and the subsequent **Additional details of** letting of the land to generate additional income for the Charity. **objectives and activities** ## Section D Achievements and performance The rent reviews carried out for some land has generated **Summary of the main** increased rental incomes, which will be of benefit to the Charity **achievements of the charity during the year** and used to fulfil their objectives. Expenses increased from the previous year, as professional fees were incurred for rent reviews. The Capital Fund includes 224.6 acres of land (most having been donated to the Charity); a COIF investment at market value £738.05 (cost £186) and cash on deposit of £19,300 available for the purchase of good quality land. The Improvement Fund has a balance of £20,964 for 2020 – 2021. The Charity is in a secure financial position. March **2012** **TAR** 3 ## **Section E Financial review** The General Fund surplus reserves for this year are £67.90. The **Brief statement of the** Trustees carefully monitor the reserves to ensure that funds are **charity’s policy on reserves** available should the need arise for additional requests for financial hardship. **Details of any funds materially in deficit Further financial review** As the rental income from Charity owned land is the main source of **details** income, the Trustees are constantly looking for land in the area available for purchase. The income from the land rental is vital for the Trustees to be able to ensure that the Charity objectives are fulfilled. ## **Section F Other optional information** ## **Section G Declaration** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s) Full name(s)** Peter Geerlings Simon Smith **Position (eg Secretary, Chair,** Chair Vice Chair **etc) Date** October 2021 March **2012** **TAR** 4 ## **Gedney Hill Estate Charity Balance Sheet as at 31.01.2021** |**FUNDS**||**2020**|**2020**|**2021**|**2021**|**2021**| |---|---|---|---|---|---|---| |**Capital Fund**||||||| |Balance b/f||233,989.86||234,080.12||| |Surplus for year||90.26|234,080.12|28.28||234,108.40| |**Improvement Fund**||||||| |Balance b/f||17,115.39||21,466.15||| |Surplus (deficit) for year||4,350.76|21,466.15|4,362.21||25,828.36| |**General Fund**||||||| |Balance b/f||17,176.33||18,656.67||| |Surplus (deficit) for year||1,480.34|18,656.67|67.90||18,724.57| |||||||| ||||**274,202.94**|||**278,661.33**| |**Represented by**||||||| |**LAND**||||||| |b/f (acres)|214.553|213,703.32||213,703.32||| |Additions|0|0.00||0.00||| |Sold|0|0.00||0.00||| ||214.553||213,703.32|||213,703.32| |**INVESTMENTS**||||||| |COIF Investment Fund||585.56||675.82||| |Variation in Value||90.26|675.82|28.28||704.10| |**CASH AT BANK**||||||| |Barclays Current A/C||34,452.60||34,538.50||| |Barclays Deposit A/C||19,300.00||19,300.00||| |Lloyds TSB Current A/C||16,713.49||20,964.25||| |COIF Instant A/C||738.05|71,204.14|738.05||75,540.80| |Debtors|||0.00|||0.00| |Creditors|||-11,380.34|||-11,286.90| |||||||| ||||**274,202.94**|||**278,661.33**| 0.00 ## **Independent examiner's report on the accounts** ## **Section A Independent Examiner’s Report** **Report to the trustees/ members of** Gedney Hill Estate Charity **On accounts for the** 31[st] January 2021 **year ended** > **Charity** 212473 **no (if any)** > **Set out on pages** 1 - 6 **Responsibilities and basis of report** I report to the trustees on my examination of the accounts of the above charity ~~(“the Trust”)~~ for the year ended **31/01/2021** As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ~~(“the Act”).~~ I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. - **Independent** [ ~~The charity’s gross income exceeded £250,000 and~~ I am qualified **examiner's** to undertake the examination by being a qualified member of **statement** ACMA CGMA. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination ~~(other than that disclosed below *) w~~ hich gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other 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 to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. **Signed:** **Date:** 20/09/2021 > **Name:** John Gibbons 1 **Oct 2018** **IER** > **Relevant** ACMA CGMA **professional qualification(s) or body (if any):** **Address:** 17 Hoekman Drive, Spalding, Lincs. PE11 3HF 2 **Oct 2018** **IER**