## **WILLIAM MEDLEY'S CHARITY** **CHARITY COMMISSION REGISTERED NO. 214513** ## **STATEMENT OF ACCOUNTS** **for the year ended 15th January 2023** ## **WILLIAM MEDLEY'S CHARITY** ## **Contents** ||**Page**| |---|---| |**Charity information**|1| |**Report of the Trustees**|2-3| |**Independent Examiner's Report to the Trustees**|4| |**Receipts and Payments Account**|5| |**Statement of Assets and Liabilities**|6-7| ## **WILLIAM MEDLEY'S CHARITY Charity information** ## **Charity number: 214513** ## **Trustees** Heather Jackson-Parker Michael John Taylor Mavis Joy Jackson Samuel Adrian Russell Markillie John Philip Worboys Jack Tyrell Alison Markillie David J Wilkinson David Daniel Sonya Ely ## **Independent examiner** H. J. Bright B.A., F.C.A. Moore Thompson Bank House Broad Street Spalding Lincs. PE11 1TB ## **Bankers** NatWest Wisbech Market Place 1 Market Place Wisbech Cambs PE13 1DT ## **Registered office** Bowser Ollard & Bentley 15 South Brink Wisbech PE13 1JL Page: 1 **WILLIAM MEDLEY'S CHARITY** **for the year ended 15th January 2023** ## **Report of the Trustees** The trustees present their report and accounts, which have been prepared on a receipts and payments basis, for the year ended 15th January 2023. The financial statements have been prepared in accordance with the Charities Act 2011 and the recommendations in Accounting for Charities: Statement of Recommended Practice. ## **Structure, governance and management** ## **Governing document** The charity is constituted by the Charity Commission and is a registered charity with the charity number 214513. The charity was formed in 1896 and became a registered charity on 1st March 1963. The charity is governed by its constitution, which was adopted on 21st April 1986. ## **Trustees** A prospective trustee must be formally proposed and approved by the current committee. The trustees are responsible for keeping proper accounting records which disclose, with reasonable accuracy at any time, the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. ## **Administration** The charity and the property thereof specified in the Statements of Assets and Liabilities shall be administered and managed by the body of trustees as recorded under the charity information within this report. ## **Objectives, activities and public benefit** The charitable objects of the charity are to provide grants to the needy of the parish of Tydd St. Mary by the issue of dole payments towards electricity, gas or coal. The charity also provides educational grants to students. The trustees believe that the objectives are in accordance with the Charity Commissions guidelines on public benefit as shown in the achievements and performance section below. ## **Achievements and performance** The funds raised over the financial year have enabled sufficient grants to be provided to various beneficiaries totalling £8,760 (2022 - £9,300). The results for the charity for the financial year are detailed on pages 5 to 7. ## **Investment policy** The land and investments specified in the Statement of Assets and Liabilities is vested in the Official Custodian for Charities for all estate and interest therein belonging to or held in trust for the charity. Page: 2 **WILLIAM MEDLEY'S CHARITY Report of the Trustees (continued) for the year ended 15th January 2023** ## **Reserves policy** The trustees consider that they have more than sufficient reserves to keep the charity running and meeting its charitable objectives for the foreseeable future. FOR AND ON BEHALF OF THE TRUSTEES Mr S Markillie (Chairman) Date: 15 January 2025 Page: 3 **for the year ended 15th January 2023** ## **Independent Examiner's Report to the Trustees of** ## **WILLIAM MEDLEY'S CHARITY** I report to the charity trustees on my examination of the accounts of the charity for the year ended 15th January 2023, which are set out on pages 5 and 7. ## **Respective responsibilities of trustees and examiner** As the charity's trustees you are responsible for the preparation of the accounts in accordance with requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the charity’s accounts carried out under section 145 of the 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 examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - 1) accounting records were not kept in respect of the charity as required by section 130 of the Act; or - 2) the accounts do not accord with those records 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. H.J. Bright B.A., F.C.A. MOORE THOMPSON Chartered Accountants. Spalding Date: 27 January 2025 Page: 4 ## **WILLIAM MEDLEY'S CHARITY** ## **Receipts and Payments Account** ## **for the year ended 15th January 2023** **----- Start of picture text -----**
2023 2022
£ £ £ £
Receipts
Income receipts from assets:
Bank interest received 11 2
Rent received 28,685 21,485
Investment portfolio income (Dividends) 3,907 3,031
Cash transferred from investment portfolio - 70,000
Total receipts 32,603 94,518
Payments
Charitable activity direct expenditure:
Dole distributions 4,260 4,800
Educational grants 4,500 4,500
8,760 9,300
Direct support costs:
Repairs 2,810 16,857
Rates 28 502
Insurance 1,271 1,138
4,109 18,497
Payments for generating funds:
Professional fees - 1,000
Rental properties management fees 1,800 1,738
Acquisition of 2 Drawdyke - 166,895
Consultancy fees 3,151 -
Surveyor fees 3,285 -
8,236 169,633
Support costs:
Clerk's salary - -
Quilter Cheviot management fees 1,951 2,186
Net investment (sales)/purchases (2,907) 2,679
Independent examination - 438
Bank charges - 48
(956) 5,351
Total payments 20,149 202,781
Net receipts/(payments) for the year 12,454 (108,263)
Cash funds as at 16th January 2022 34,632 142,895
Cash funds as at 15th January 2023 47,086 34,632
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This statement has been prepared in accordance with the Charities Act 2011 on a receipts and payments basis which is consistent to the previous years. All receipts and payments are regarding unrestricted general funds in both the current and prior year. Page: 5 ## **WILLIAM MEDLEY'S CHARITY** ## **Statement of Assets and Liabilities (Page 1)** ## **for the year ended 15th January 2023** |||**2023**|**2022**| |---|---|---|---| |**Monetary assets**
Bank and cash balances :
Natwest current account
Natwest deposit account
Quilter Cheviot - Dealing account||32,584
5,286
9,216|21,098
5,274
8,260| |||47,086|34,632| |**Non-monetary assets**
Debtors and accrued income||-|-| |**Investment assets**
Shares at market value (@ 31 December):
Quilter Cheviot (QC) portfolio
Charities Investment Fund (COIF) portfolio||172,346
15,310|200,260
17,342| |||187,656|217,602| |**Non-monetary liabilities**
Deferred rental income
Accrued independent examiners fee||-
2,520|-
918| |||2,520|918| |**Net Assets for General Fund**||232,222|251,316| |**Permanent endowment - Non monetary assets**|||| |Land and buildings owned and used by the charity:|||| |4.98 acres - Baulkins Drive, Sutton|4.41 acres - Greendike||Lane, Tydd| |St James|St Mary||| |4 acres - Barton Lane, Tydd St Mary|4 acres - Lowgate, Tydd St Mary||| |2.84 acres - Drawdyke, Tydd Gote|||| |4.43 acres - Roegate Lane, Tydd|4.38 acres - Swallow Lane, Tydd||| |St Mary|Gote||| |3.46 acres - Swains Drove, Tydd Gote|9 allotment plots at East Road, Tydd||| ||Gote||| No. 1 and 2 Medleys Cottage situated at East Road, Tydd Gote Page: 6 **WILLIAM MEDLEY'S CHARITY** **Statement of Assets and Liabilities (Page 2)** **for the year ended 15th January 2023** ## **General Fund - Non monetary assets** Land and buildings owned and used by the charity: 2 Drawdyke, Tydd St. Mary Medleys Bungalow situated at Lowgate, Tydd St. Mary All of the above are freehold title (vested in the Official Custodian for Charities) We approve these accounts and confirm that we have made available all relevant records and information for their preparation. FOR AND ON BEHALF OF THE BOARD OF TRUSTEES Mr S Markillie (Chairman) Date: 15 January 2025 Page 7