## **Gedney Hill Estate Charity Trustees' Annual Report** ||Period start date|Period start date|||Period end date|| |---|---|---|---|---|---|---| |**From **|**1**|**02 **|**2023**|**To**|**31 **
**01 **|**2024**| 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
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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|| |||Vice Chair||| ||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|| ||Neil Watson||October 2023|| |||||| ||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** 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 2023 – 2024 the Trustees allocated £400 for both ‘dole / Needy’ payments and for student financial assistance. Payments totalling £12,000 were provided for 28 residents in cases of **Summary of the main activities undertaken for the** hardship (dole payments), 2 students received financial assistance. **public benefit in relation to these objects (include within** To let and manage land belonging to the Charity. **this section the statutory** Land was let and managed generating a rental income of £30,457. **declaration that trustees have had regard to the guidance** To manage the Charity General Fund and payments of the made **issued by the Charity** to: **Commission on public** • Gedney Hill Primary School **benefit)** • 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. 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 £32,941 for 2023 – 2024. 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 £216.. 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 **Position (eg Secretary, Chair,** Chair Vice Chair **etc) Date** 7th October 2024 March **2012** **TAR** 4 Hlll Estete C 1.01.2024 30.579.17 159.03 ZL63 Xl.45725 15903 21.71 COIF Lws T50 ii.oj o.fy) 29.47 217.31 -30 74 7A3 XI.7AV .76 X>.163.13 rks 1259 73 1.342 76 99.61 P•da9E. Jtahwwyth •d¥vtisry 125.CfJ 278A4 IZJ 285.82 Prafwiopail Ptrs 1.446. o. 1.15J.19 27.518.47 29.(K)9 94 itol Fw4 -Xl.74 7A3 4.986.88 4.568J9 o. 4.596.88 22.962 33 27.SlJ 47 4.Y68 59 24 433 52 A¢d t￿fil IO% Sdwl 22.96133 24,4JJ.52 -2396.23 .2296.23 .3.444.JS .3.444. .2.443 35 -2.443.35 -3MI)03 -).f•65n3 IJX P•rth Oth£h 15% LI•￿1￿ -11.481.16 tI.401.17 .12216 76 12216 76 Nt¢* I¢￿fIll P•d Il•*rj Ipw 651.17 2024 I CHARITY COMMISSION FOR E￿LAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Rèport to th• trust•MI membOfS of Gedney Hill Estate Charity On accounts lor the yt•r ended 31. January 2024 Charity no Ilf anyl 212473 S•t out an pa9•• I report lo the trustoes on my examination ol the acc￿nts ol the above chanty (a￿￿. for the year ended 3110112024 A* th• chanty'$ trustees. you are respon￿ble for the preparat￿n of Ihe aCC(￿ntS in accord•rt• wilh tho rwuifem•nts of th• Charities Act 2011 R•spon•lbllltJ•• and bas1* ol r•port I report M) re¥p•￿ ol my •XWnin•l￿n of lh• Tru•f• a¢￿￿0￿ c•rT*d wl under seclK)n 145 of the 2011 Act and in ¢arrying out my eX•Minat￿n, I have followed al the appl￿ble Direcbonl gr¥wi by th• Charty Coffffio•k)n under Sect￿n 145(5llb) of th• Act. •x4mln•¢• •tat•m•nt Un(￿rtake lh• ex¥minabon by • qualifi¢d rnern￿ of ACMA CGMA. I have ￿n￿le1ed my examin1￿n I confvm that no mat•rlal matt•fS h•v• como to my attention in Connethon wrth the ex4mwwbon (o¥w th￿tr#￿t gNe3 me cau8• to ￿￿0¥• Ihat in. •ny mat•rio1 accounb'ng f•¢4xd• w•r• nol k•pi in •ccord•nc• with ••ctlon 130 of the Charibes Art. or the accounls thd not acconl wlth Ihe 4c¢ountln9 recowd$', or the accounis did not compfy wth the applicabl? requifem•nts conc8mry the fomi and content ol accounts sel wt in th• Ch8ritl68 (Attouftts and Rèwrts> Rogulations 2LN)8 othor than any requifefflenl thai th• accounts gN• a 'true and fair. ¥1￿ which is not a matter nsthed u part ol ￿ independ•nt eXamInal￿n. I have no concems and have comè auoss no other mattols in ¢oIN￿m)n with tho oxaminab'on to which attentK)n should be drawn report in order to ￿ats1 4 proper un¢Jernt•ThJing ol the accounts to be Tea 8lgn•d: Name: John Gibbons Rfrlfrvant prole591onal quallllui•on(s) or body 111 any): ACMA CGMA Addr•s•: 17 Ho•kman Diiv•. SWiTra. Lincs. PE113HF Oct 2018