2022-01-31-accounts - Gedney Hill Estate Charity

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Gedney Hill Estate Charity Trustees' Annual Report

	Period start date	Period start date			Period end date
From	1	02	2021	To	31 01	2022

Section A Reference and administration details

Charity name

Gedney Hill Estate Charity

Registered charity number 212473

Charity's principal address c/o Mrs R E Reeve

The Blacksmith’s Cottage, 2 Swapcote Lane, Long Sutton,

Spalding, Lincs

Postcode PE12 9HD

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Date of Initial Appointment
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

Rebecca Reeve	Clerk	January2014

Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document

Trust / Scheme

(eg. trust deed, constitution)

How the charity is constituted

Charity

(eg. trust, association, company)

March 2012

TAR

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

To provide financial support to persons / organisations in cases of need and hardship only within the Parish of Gedney Hill, Lincolnshire.

During 2021 – 2022 the Trustees allocated £350 for both ‘dole / Needy’ payments and for student financial assistance. Payments totalling £11,900 were provided for 30 residents in cases of Summary of the main activities undertaken for the hardship (dole payments), 3 students received financial assistance public benefit in relation to and one family received financial assistance following a house fire. 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 £29,827. had regard to the guidance issued by the Charity To manage the Charity General Fund and payments made to: Commission on public • Gedney Hill Primary School Gedney Hill Primary School benefit)

Gedney Hill Primary School 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).

Additional details of objectives and activities

During the year 2015-2016 additional land was purchased. This land purchase secured further investment and the subsequent letting of the land to generate additional income for the Charity.

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 £25,326 for 2021 – 2022.

The Charity is in a secure financial position.

March 2012

TAR

Section E Financial review

The General Fund surplus reserves for this year are £31.98. 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 3rd October 2022

March 2012

TAR

Gedney Hill Estate Charity Statement of Accounts for the Year 31.01.2022	Gedney Hill Estate Charity Statement of Accounts for the Year 31.01.2022	Gedney Hill Estate Charity Statement of Accounts for the Year 31.01.2022	Gedney Hill Estate Charity Statement of Accounts for the Year 31.01.2022	Gedney Hill Estate Charity Statement of Accounts for the Year 31.01.2022	Gedney Hill Estate Charity Statement of Accounts for the Year 31.01.2022
INCOME		2021		2022
Rents received			29,081.40		29,827.42
Wayleave			158.16		156.51
Dividends			20.65		21.06
Interest received:	Barclays	15.10		1.92
	COIF	1.21		0.20
	Lloyds TSB	0.00	16.31	0.00	2.12
Variation in value of investments			28.28		73.88

			29,304.80		30,080.99
EXPENDITURE
Governance costs:
Clerks Salary & mileage		1,138.65		1,149.54
Postage, stationery & advertising		130.40		126.01
Rent of Hall		125.00		125.00
Insurance		246.47		268.48
Professional Fees		700.00		0.00
Drainage maintenance		0.00	2,340.52	0.00	1,669.03

NET INCOME			26,964.28		28,411.96
ALLOCATION OF NET INCOME
Capital Fund			28.28		73.88
Improvement Fund 15% gross rents		4,362.21		4,474.11
less improvements		0.00	4,362.21	0.00	4,474.11
General fund			22,573.79		23,863.97
			26,964.28		28,411.96
GENERAL FUND
Fixed benefits:			22,573.79		23,863.97
10% Primary School		-2,257.38		-2,386.40
10% Parish Council		-2,257.38		-2,386.40
15% Parish Church		-3,386.07		-3,579.60
15% Lincoln Diocese		-3,386.07	-11,286.90	-3,579.60	-11,931.98
50% Needy			11,286.89		11,931.98
Needy Benefits Paid			-11,219.00		-11,900.00
SURPLUS/(DEFICIT)Needy	under /(over) spend		67.89		31.98

I confirm that the above accounts agree with the records of account and show a true and fair view of the Gedney Hill Estates Charity as at 31st January 2022.

J E Gibbons 26[th] August 2022

ACMA CGMA

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 2022 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 31/01/2022 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: 27/08/2022

Name: John Gibbons

Oct 2018

IER

Relevant ACMA CGMA professional qualification(s) or body (if any):

Address: 17 Hoekman Drive, Spalding, Lincs. PE11 3HF

Oct 2018

IER