Moore Thompson Trusted Advisefs Chart8re(l Accountants WILLIAM MEDLEY'S CHARITY CHARITh COMMISSION REGISTERED NO. 214513 STATEMENT OF ACCOUNTS for the year ended 151h January 2025
WILLIAM MEDLEY'S CHARITY Contents Page Chartty infonnation Report of the Trustees Independent Examlnerfs Rèport to the Trustees Receipts and Payments Account Statement of Assets and Liabilities
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 M. A. East F.C.C.A Moore Thompson Bank House Broad Street Spalding Lincs. PE11 1TB Bankers Nalwest Wisbech Market Placè 1 Market Place Wisbech Cambs PE13 1DT Registered offi¢e Bowser Ollard & Bentley Limited 15 South Brink Wisbech PE13 1JL Page.. 1
WILLIAM MEDLEYS CHARI Report of the Trustees forthe year ended 15th January 2025 The trustees present their report arTd accounts, which have been prepared on a receipts and payments basis, for the year ended 15th January 2025. The financial statements have been prepared in accordance wrth the Charities Act 2011 and the recommendations in Accounting for Charities". Statement of Recommended Practice. Structure. governance and management Governing document The charty is wnstituted by the Charity Commission and is a registered charity with the charity nurnber 214513. The charity was fomied in 1896 and became a registered charity on 1st March 1963. The charity is govemed by its constitution, which was adopted on 21st April 1986. Trustees A prospective trustee must be fomially proposed and approved by Ihe current commtttee. The trustees are responsible for keeping proper accounting records which disclose. with asonable accuracy at any time. the financial position of the charity and to enable them to ensure that the financial statements comply with the CharÈties Act 2011. Administration The charity and the propety thereof specffied in the Statements of Assets and Liabilities shall b8 administered and managed by the body of trustees as recorded under the charity information within this report. Objectives, activities and public benefit The charttable 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 wth the Charity Commission's guidelines on public benefit as shown in the achievements and perfOnTran section below. Achievements and performance The funds raised over the finanaal yèar have enabled sufficient grants to be provided to various beneficiaries totalling £18.750 (2024 £19.781) The results for the charity for the financial year are detailed on pages 5 to 7. Invostment 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
WILUAM MEDLEYS CHARITY Report of the Trustees (continued) for the year ended 15th January 2025 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 Matkillie (Chairman) Date: Page". 3
Independent Examiner's Report to the Trustees of WILLIAM MEDLEYS CHARITY for the year ended 15th January 2025 I report to the trustees on my examination of the accounts of the above chariiy (Ihe Trust,) for the year ended 151h January 2025, which are set out on pages 5 and 7. Respective responsibllities of trustegs and examiner As the charitys trustees you are responsible for the preparation of the accounts in accordance wth requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Trust's accounts Caled out under section 145 of the 2011 Act and in carryTng out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examinerfs statement I have completed my examination. I confimi that no Material matters have come to my attention in conneclion with the examination giving me cause to believe that in any material respect: 1) accounling records were not kepl in respect of the charity as required by section 130 of the 2) the accounts do not accord with those records I have no contsms and have come across no other matters in connection with the examination to which attention should be dr8wn in this report in order to enable a proper understanding of the accounts to be reached. M. A. East F.C.CA MOORE THOMPSON Chartered Accountsnts. Spalding Date- Page". 4
WILLIAM MEDLEYS CHARITY Receipts and Payments Account for the year ended 15th January 2025 2025 2024 Receipts Income receipts from assets" Bank interest received Rent received Investment portfolio income {Diwdends} Total receipts 78 29,474 5,583 35,135 29.670 5,097 34.831 Payments Charitable activty direct expenditure.. Dole distributions Educational grants Donation - Tydd St Mary Primary SthcL)I 7,200 11,550 9.675 6,106 4,000 Direct support costs= Repairs Rates Insurance 18.750 19,781 4,947 33 1.393 6.823 31 1.291 Payments for generating funds: Rental properties management fees Consultancy fees Surveyor fees Planning fees 6,373 8,145 2,148 780 1,897 2.126 1,833 7,424 Support costs". Clerk's salary Quilter Cheviot management fees Net investrnent Isalesypurchases Independent examination 2,928 13,280 1,677 (1,631 } 1,680 1,798 3.631 1,726 29.777 5,429 46,635 Totsl payments Net receiptsl{paymentsJ for the year Rounding Cash funds as at 16th January 2024 Cash funds as at 15th January 2025 5.358 {2.001 35,282 111.804) 47,086 40,638 35,282 This statement has been prepared in accordan wtth 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 cuent and prior year. Page: 5
WILLIAM MEDLEYS CHARITY Statement of Assets and Liabilities (Page 1) for the year ended 15th January 2025 Monetary assets Bank and cash balanS . Naest current accounl Naest deposit account Quilter Cheviot - Dealing account 2025 2024 31,469 5,427 3,742 26,145 5,350 3,787 40,638 35,282 Non-monetary assets Debtors and accrued income Investment assets Shares at market value (@ 31 December).. Quilter Cheviot {QC} portfolio Charities Investment Fund {COIF) portfolio 202.672 17,119 190.637 16,740 219,791 207,377 Non-monetary liabllities Deferred rental income Accrued independent examiners fee 2.688 3,360 2,688 3,360 Net Assets for General Fund 257.741 239,299 Page: 6
WILLIAM MEDLEYS CHARITY Statement of Assets and Liabilities (Pa9e 2) for the year ended 15th January 2025 Permanent endowment- Non monetary assets Land and buildings owned and used by the charity: Baulkins Drive, Sutton St James Barton Lane, Tydd St Mary Drawdyke, Tydd Gote Roegate Lane, Tydd St Mary Swains Drove, Tydd Gote Greendike Lane. Tydd St Mary Lowgate, Tydd St Mary Swallow Lane. Tydd Gote 9 Allotmenl plots at East Road, Tydd Gote No. 1 Medleys Cott8ge siluated at East Road, Tydd Gote No. 2 Medleys Cottage situated at East Road. Tydd Gote - 4.98 acres - 4.00 acres - 2.84 acres - 4.43 acres 3.46 acres - 4.41 acres - 4.00 acres - 4.38 acres All of the above are freehold tiue (vested in the Qfficial Custodian for Charities) General Fund - Non monetary assets Land and builijings owned and used by the charity= 2 Drawdyke, Tydd Sl. Mary Medleys Bungalow situated at Lowgate. Tydd St. Mary Atl of the above are freehold title (vested in the Official Custodian for Charities} We approve these accounts and confim 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 (Chainm8nl Date.. Page 7
WILLIAM MEDLEY'S CHARITY Statement of Assets and Liabilities (Page 2) for the year ended 15th January 2025 Permanent endowment- Non monetary assets Land and buildings owned and used by the charity.. Baulkins Drive, Sutton St James Barton Lane, Tydd St Mary Drawdyke, Tydd Gote Roegate Lane, Tydd St Mary Swains Drove. Tydd Gote Greendike Lane, Tydd Sl Mary Lowgate, Tydd St Mary Swallow Lane, Tydd Gote 9 Allotment plots at East Road. Tydd Gote No. 1 Medleys Cottage situated at East Road. Tydd Gote No. 2 Medleys Cottage situated at East Road, Tydd Gote - 4.98 acres - 4.00 acres - 2.84 acres -4.43 acres - 3.46 acres - 4.41 acres - 4.00 acres -4.38 acres All of the above are fr*hold title (vested in the Official Custodian for Charities) General Fund - Non monetary assets Land and buildings owned and used by the charty". 2 Drawdyke, Tydd St. Mary Medleys Bungalow sltuated at Lowgate, Tydd St. Mary All Oi 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 (Chainnan) Date: ..2.1.Y ¥& Page 7
WILLIAM MEDLEY'S CHARITY Report of the Trustees {¢ontinuedl for the year ended 15th January 2025 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 (Chaiman) Date.. Page.. 3