Gedney Hill Estate Charity Trustees' Annual Report
| Period start date | Period start date | Period end date | ||||
|---|---|---|---|---|---|---|
| **From ** | 1 | **02 ** | 2022 | To | 31 **01 ** |
2023 |
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
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 |
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 | |||
| 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)
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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.
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To provide financial support to persons / organisations in cases of need and hardship only within the Parish of Gedney Hill, Lincolnshire. During 2022 – 2023 the Trustees allocated £350 for both ‘dole / Needy’ payments and for student financial assistance. Payments totalling £10,850 were provided for 28 residents in cases of Summary of the main hardship (dole payments), 3 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 £30,579. 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 £28,354 for 2022 – 2023.
The Charity is in a secure financial position.
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Section E Financial review
The General Fund surplus reserves for this year are £631.17. 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 2nd October 2023
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Gedney Hill Estate Charity Balance Sheet as at 31.01.2023
| FUNDS | 2022 | 2022 | 2023 | 2023 | |
|---|---|---|---|---|---|
| Capital Fund | |||||
| Balance b/f | 234,108.40 | 234,182.28 | |||
| Surplus for year | 73.88 | 234,182.28 | -30.74 | 234,151.54 | |
| Improvement Fund | |||||
| Balance b/f | 25,828.36 | 30,302.47 | |||
| Surplus (deficit) for year | 4,474.11 | 30,302.47 | 4,586.88 | 34,889.35 | |
| General Fund | |||||
| Balance b/f | 18,724.56 | 18,756.53 | |||
| Surplus (deficit) for year | 31.97 | 18,756.53 | 631.17 | 19,387.70 | |
| 283,241.28 | 288,428.59 | ||||
| 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 | 704.10 | 777.98 | |||
| Variation in Value | 73.88 | 777.98 | -30.74 | 747.24 | |
| CASH AT BANK | |||||
| Barclays Current A/C | 35,327.47 | 37,066.57 | |||
| Barclays Deposit A/C | 19,300.00 | 19,300.00 | |||
| Lloyds TSB Current A/C | 25,326.46 | 28,354.57 | |||
| COIF Instant A/C | 738.05 | 80,691.98 | 738.05 | 85,459.19 | |
| Debtors | 0.00 | 0.00 | |||
| Creditors | -11,932.00 | -11,481.16 | |||
| 283,241.28 | 288,428.59 |
0
£0.00
£0.00
CHARITY COMMISSION ,, FOR EIlAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner s Report Gedney Hill Estate Charity On •ce4x•nts for th• y•ar 31° January 2023 212473 chwty for ye•r ended 31101f2023 ¥Jer Sec1 145 01 Ihe 2011 Ad and oui my examww11. I soc1 74515}(b) of tho Act. l am quaw Io •x•mln•rfs statam•nt eXnall ty twKJ a qu•lrfd nwber of ACKM CGMA. (Accounts arrfl R•pryts) Regul•t$ 2CKI8 other th any requKeffent th¥t the 4c¢owts gNe a Irue and far. Th•ch a matter cd•r io •robl• a gn•d: Dats: John Gibbons R•l•vant profosslonal qullficallon(81 Of body (11 •ny): ACMA CGMA 17 H0okrn l)m, Sp•&*g. PE113HF Oct 2018