REGISTERED CHARFff NUMBER.. 215833 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 FOR BILTON POOR'S L4ND AND OTHER CHARITIES Magrna Audit LLP 16 Davy Court Castle Mound Way Ru9by. CV23 OUZ Magma Audit LLP 1$ part Of the Dains Group
BILTON POOR'S LAND AND OTHER CHARITIES CONTENTS OF THE FINANCIAL STATEMENTS for the year en(fed 28 Fgbruary 202S P#9• Report of the Trust¢•$ Indop•ndènt Examiner's Report Statement of Financial A¢tlvitles Statement of Financial PositSDn Notes to the Financial Statements 7 to 12
BILTON POOR'S LAND AND OTHER CHARITIES REPORT OF THE TRUSTEES for the year ended 28 Febru$ry 2025 The trustees pièsent their report wilh the financial stalerrents ol the charity lor the year ended 28 February 2025. The trustee5 have adopted the provisions of Accounting and Report4ng by CharEti85.' Statement of Recommended Piactice applicable to charities preparing their accounts in 8¢cordance with the Financia5 Reporting Standard applicable in the UK and Republi¢ ol Ireland IFRS 1021 leffective 1 January 20191. OBJECTIVES AND ACTWITIES Principle Activities Bilton Pg01's Land and Other Charities was founded on bequests from v8rious benefactors. The bestS included monies and freehold land curienlly used as allotmènts. The income from investments and Ihtr allotment renls received are used for the benefit ol the poor. the elderfy and the younger inhabitants ol the ancient parish of Bilton. Public benefit In setting the objectives ol the Charity and planning our activities the trustees have glven ¢areful consideration to the Chaiity Commission's general guidance on public benefit. Grant Maklng Poliey The trust sets out lo provide'.- Gifts of money to the elderty al Chrtstmas. Annual grants lo youth organisations. Annual awards to schools lo support projects and other need$ lor education81 purposes. Gifts of money lo relieve sickness, infirmÈly or distress. FinanGial gifts to benefit persons who are sick. infirm, convalescent or in need of Test or chang8 ol air, to hdp lowards the osl of recvperative holi¢Jays or to assist in obtaining domestic help, As3istsnce towards the cost ol Iravelling expenses of persons entering ur leaving hospitsl, convaleseent home or simipar in$lilub"on, or relatives visitin9 the ssck or inffimi in such places. Assistance lo persons who are preparing for, entering upon or engaged in any trade, occupation or profession by provision ol tools, maleri815, books, payment of fe¢s for Instruction or èx8rninalion. payment vf Iravelling expenses or such other means as wll fft them to earn their own living or adv8nce them in life. Gr8nt$ lo ¢harltable institutions or organisalions having foi their object thè benefjt of disadvantaged persons ol the said ar¢a. Grants lo homes or hostels for thè residence or care of eldedy, infirm or homeless persons upon teTmS which will ensure Ihal Ihe*r benefits are available for disadvantaged persons ol the said 8r¢a. ACHIEVEMENTS AND PERFORMANCE Charltable activitiès During the ye8r the charity donated to.. Four community groups Thiee v(Jlnerable individuals One school Five youth groups ThTeè Sunday schools - Two care home8 At Chri$tm&s, small rnonelary gifts were dislr4buled to old people. Th8sè amounled to £1,63012024.. £nill. Grants totalling £13.39? {2024.. £12.0581 were paid to benelciaries. The programrne of repairs and maintenance of the allotment5 has ¢onl%nued. 1Yo of all the plots remained un8ttend¢d to provide added securtly and a h8bit8t for wldlife. The trustees consider that the finanoal performance of Ihe charity Gould be improved and are taking advice. Page 1
BILTON POOR'S LAND AND OTHER CHARITIES REPORTOF THE TRUSTEES for the year ended 28 February 2025 FINANCIAL REVIEW Financial rèport The trustees report JrF ovgrspen¢J of £4,03512024.- £3,8101 at the end of the year. Total receipts from investment income, bank inteiesl and alltstment rents lotalled £29,125 12024.. £24,096). Total payments Fepresented by grants payabl&, property maintenance. legal and professional fee6 and secretarial expgndilure lolalled £33,61012024.. £27,906). During the year. the charity disposed of inveslrnenls of £38,040 (2024.. £57.270) and purchased a further £29.134 1£54,406}. The trustees also report that, in a stabtlising financial mathetpl8c#, IhÈ v8luÈ Ctf total funds increased to £835,4 12024.. £826.5111 at the year-end. an incFea8e of £12,895 trom last yèar. The Iruslees constder that the fjnanciot ptrrfomiance of the charity has been satisfactory. Investment policy and objèctivès The investment poliaè5 of the unrÈitrÉcted and r¢strided funds continue to be the pursuit of real growih Ihrotjgh a wide range of inveslmenls. Reserves policy The trustees consider the level of reserves requirÈd is Sufficiènt to ensu the charity is able to continue giving support lo the local communty. FUTURE DEVELOPMENTS The trustees w¢ll endeavoLtr to maintain the cutrenl level of fin¥n¢iBI $4JPPOrt to qualifying persons ond organisations in accordance with the ¢harity's govoming trust deed. STRUCTURE. GOVERNANCE AND MANAGEPhENT Legal Status The Charity is governed in accordancè with a Charity Commission scheme of 8 January 1878 as varied by schernes of 10 OObe1 1933, S March 1957 and 30 August 1960. The irust is a registered charlty and is not liable to ¢orporotion lax. Organisational structure The trustees who have served during the year af8 8Èt out bèltsw. Tnjstees are either appointed by the board of trustees or nominated by Rugby Borough 8nd Dunchureh Parish coutTrcils to present the areas served by Ihe chaTIIy. The trustees meet t¥wce a year lo asses 9ranl appli¢3tion$ aftd ttt considÈr othèr financial reqLtests received by the charity. Risk management The trustees have a duly lo identify and re¥t8W thè risks to which the charity is exposed and lo ensure appropriate controls are in pla¢e to provide rÈason8blÈ assurance against Iraud and error. REFERENCE AND ADMINISTRAnvE DETAILS Règisterèd Charlty number 215833 Prinrtpal address Sl. Nlatks Chuich Pa¥ish Officè Church Walk Bitton Rugby Warwickshire CV22 7LX Page 2
BILTON POOR'S LAND AND OTHER CHARITIES REPORT OF THE TRUSTEES foi the year ended 28 February 2025 Trvstees L Parkèr J A'Barrow (resigned 115120241 R Hall C Asshelon {Chairl D Ralph T Lawr$ne8 A Hulrne 8 Brown M Ainslow Indopendent Examiner Magma Audit LLP 16 Davy Gourt Castle Mound Way Rugby, CV23 OUZ Magma Audit LLP is part Of the Dains Group Reference and adminigtrative details are shown in the schedule of Irustees and professKinal advis¢is on page 1 of the financial statements. Approveil by ord¢r ol the board oftrnstees on . .A3- 11 and signed on its behalf by.. R Hall - Trustee Pa9¢ 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BILTON POOR'S LAND AND OTHER CHARITIES Indeper*deFEt examlner's report to th¢ trusteès of Bilton Poor's Land and Other ChaTities I report to the tfustees on my examination of the financial statements of Bitton Poor's Land ènd Other Ch8rllies I'lh8 charity'} lor the year ended 28 February 2025 which comprise the Ststement of Financial Activities, the Balance Sheèt and related note5. This report is made solely lo the charity's trustees, as a body, in accordance wth section 145 of the Charities Act 2011. My work has been undertaken so that I might state to Ihe charity's trustees those matters l am required to state to them in this report and for nD Other purpose. To the lullesl èxtènt permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charitys trustees as a body, for my work, foi this report. or ft>r the opinions I have foimed. ResponsSblllties and basls of report As the trustees of the eharity you are responsible lor the prepar8tion of the tinanual statements sn accordance with the requir¢ments of thg Charities Act 2011 {Yhe Act'l. I report respe¢t of my examination of the charity's finaficial statements carried out under section 145 01 the Act and in carrying out my examination I heve follL¥wed all the applicable Directions given by the Charity Comrni55ion under s8Ction 14515llbl of the Act. An independent examination does not involve gathering all the eviden that would be require(S in an audit and consequently does not cover a51 the matters that auditor considets in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent exarninalion can provide. Consequently l express Tro opinion as lo whether the finanaal statements presenl a 'trve and fair, view and my report Is lirnited to those specific matters sel out in the lndepEndèt examinei's statement. Independent examiner's $tatement I have Gompleted rny ex8mination. I confirm that no mateiial matters have come lo my attention in Ggnnection with the exarninats.on giving rne cause to believe that in any material respect.. a¢counting records were noi kept in respact of the charity as required by seclitsn 130 irfthe Act.. or the financial statements do not aard with those records., or the financial statements do not comply with the applicable requ1ments conceming the form and content of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than ally requiremenl that Ihe account5 give a Irue and fair view which is not a matter considered as part ol an ind¢pendent examinats"on. I h8vÈ no concerns and have come across no olhgr matters in connection with the examination to which attention should be drawn in thi5 report in order to enable a proper understanding ol the linancièl statements to be reached. LLe Ryan Parkin Magma Audit LLP 16 Davycourt C85tle Way Rugby, CV23 OUZ Magma Audit LLP is part 01 the Dains Group Date.. £>/iii Page 4
BILTON POOR'S LAND AND OTHER CHARITIES STATEMENT OF FINANCIAL ACTIVITIES for the y¢ar end•d 28 Fèbruary 2025 2025 Totsl funds 2024 Total fvnds Unrestricted fund Restricted fund Endtswment fund Notes INCOME AND ENDOWMENTS FROM Other trading acti¥itie5 Investment income Other income 5,997 5,997 23.128 4.010 20,073 13 7.863 15.265 Totsl 7.863 15,265 5.997 29,125 24,096 EXPENDITURE ON Charitsble a¢tlviti*$ Charitsble 13,399 13,399 12,058 Other 8,473 11,288 19,761 15.848 Total 21,872 11.288 33.160 27,906 Nel gains on investments 7,768 9,162 16,930 42,172 NET INCOMEIIEXPENDITUREI Transfers bets¥een funds {6,2411 14,522 24,427 115,265) 15,2911 743 12.895 38,362 12 Net movèmènt In funds 8,281 9,162 14,5481 12.895 38,362 RECONCILIATION OF FLINDS Total funds bro¥Jght forward 259,947 534.064 32,500 826.511 788,149 TOTAL FUhlDS CARRIED FORWARD 268,228 $43,226 27,952 839,406 826,511 The notes fom part of these financial $tstements PB9e 5
BILTON POOR'S LAND AND OTHER CHARITIES STATEMENT OF FINANCIAL POSITION 28 February 2025 2025 Totsl furhds 2024 Total funds Unrestricted lund Restricted fund Endowment fund Notes FIXED ASSETS Investments 52,493 52,493 50,000 CURRENT ASSETS Invèstments Cash at bank 10 184,337 33,798 543,226 32,500 760,063 33,798 752,039 26,512 21B,135 543.226 32,500 793.861 778,551 CREDITORS Amounts falling due within one year {2,400} 14,5481 16,9481 12,0401 NET CURRENT ASSETS 215,735 543,226 27,952 786,913 776,511 TOTAL ASSETS LESS CiIRRENT LiABILITIES 268,228 543,226 27,952 839,406 826,511 NET ASSETS 268.228 543,226 27,952 839,406 826,511 FUNDS Uniestricted funds Restricted funds Endowment funds 12 268,228 543.226 27,952 259.947 534,064 32,500 TOTAL FUNDS 839,406 826,511 The financial statements were approved by the Board ol Trustees and authorised lor issve and were signed on its b8hall by.. on R Hall- Trustee ThE nDtes form part of these financial statements Page 6
8ILTON POOR'S LAND AMD OTHER CHARITIES NOTES TO THE FINANCIAL STATEPhENTS for the yèar ènded 28 February 2025 ACCOUNTING POUCIES Basls of preparing th• financial statements The principal a)UntIn9 policies applied in the preparation of these finoncial statements are #Èt tsut b•low. These policies have been Cvnsistently applied lo all years presented, unless Othe[Se stated. Basis of preparlng the financial statements The financial statemen15 tsf th& charity, which is a public benefit entity under FRS 102, have been prepared in Octordance with the Charities SORP IFRS 1021 Accounting and Reporting by Ch8rit¢es'. Statement of Recommended Piartice applicable lo ¢harities preparing their aEcounts in accordance with the Financial Reportin9 Standard applicable tn the UK and Republic of Ireland IFRS 102} (2nd edition, effective 1 J8TIiFOry 2019)., and the Charities Act 2011. The financiaE 8tatÈmenls have been prepared under the historical cost ¢onvention as modified by the revaluation ol invèstments which are included at market value. Finan¢lal reportin9 stsndard 102 . r•duced disclp¥ure èxemptiot)s The charity has taken advantage of the following disotosuie exemption in pparEn9 these financial statements, SS permitted by FRS 102'The Ftnancial Reporting Standard applicable in the UK and Republic of Ireland,: the requsrements of Section 7 Slalem¢nl ol Cash Flows. Income All income is recognised in the Statement of Financial Activities when Ihe charity is legally entitttrd tts the income and the amount Gan be quantified with Tèasonable accuracy. Expenditure Expenditure is a¢UntEd for on an accruals basis and has been dassifi¢d under headin95 that aggregate all costs related lo the category. Where costs cannot be dillY attrtbuted to particular headings they have been allocated to activities on a basis consistent with the use of resources. Support ¢o$ts are those costs incurred diieclly in support of expendllure on the objectwÈs of the charty. Fixed assèts investments Fixed 8SSet Investments consist of bank balances that are due to mature in over 12 months al the point the deposits are made. Current asset inve$tsnents Investments are included in the fjnancial st8lemenl$ al mld-market Value. Raèlised and unrealised gain5 and losses are shown in the reconciliation of funds. Endowment investmènts EtKlowment land ale held al cost and ¢ongists of freehold land. No depreciation charge is charged on the land. Fund accounting Unrosliicted funds can be used in accordance with the charitable objective$ at the discretion of the Irusleès. Further explanation of the naturè and purpose of each fund is included in the not¥s to the financial statements. Taxation The ¢harty is eMpt from lax on ils ¢horitable activittes Financlal instruments The charity has chosen to adopt the Se¢tions 11 and 12 of FRS 102 in respect of financial instruments. li) Financsal as8el8 Basic financial as8ets. including debtors, cash and bank balanS and investments are inilialfy reco9ni$ed at transaction price. unltsss the arrangement constitutes a financing transaction, where the Iran5aCtion is measured at Ihe piesent value ol the future r¢Geipl$ discounted al a market rate of interest. Investments are 6ubsequenlly carried at mid-market value. Basic financial liabilities, Including credilois are initially reco9ni5ed at transaction price, unlèss the arrangement constilule$ a financing transaction, where the debt in51rumenl is measured at thÈ present value of the futur¥ payments discounted at a market rale ol interest. Page 7 continued.
BILTON POOR'S LAND AND OTHER CHARITIES NOTES TO THE FINANCIAL STATEMENTS- Continued for thè year ended 28 February 2025 ACCOUNTING POLICIES - continued Financtal instruments ash and cash equivalènts Cash is represented by cash in hand and deposits with finanaal institutions repay8ble without penalty on notice of not more than 24 hour8. Cash equivalents are highly liquid investments that mature in no more than three months from the dale ol acquisition and that are readily ¢onv¢rtible to known amounts of cash wrth insigniliG3nl risk of change in value. Critlcal accounting ?stimates and assumptions Thè eharty make5 es15mate5 and assumpttons conceming the future. The resulting accounting e51imal¢s w*ll, by definrtion, seldom equal the related actual iesulls. The estimates and assumptions that have a signbficant risk ol causing a materi81 adjustment lo the Gafrying amounts of assets and liabilities within the ntsxt financial year are addressed betow. (Il Value of listed investments Investments are included in the fin8ncial statements al rnid-maiket valLte and are sens(tivè to changes in fair value. A v8lvali¢n is obtained from a third party each quartei to ensure Ihal the valuation is not materially different from the fair value. The slalemenl ol financial activities includes nel gains and losses arising on revaluation and disposals ihroughoul IhE year. OTHER TRADING ACTIVIMES 2025 2024 Allotment rents S,997 4,010 INVESTMENT INCOME 2025 2024 Nationtl Savings bank interest Quoted investments income 2,630 20,498 197 19,876 23,128 20,073 CHARITABLE ACTIVITIES COSTS Grant nding tsf activities (see Trole 51 Charil8bl& 13.399 GRANTS PAYABLE 2025 2024 Charitsblo 13,399 12,058 Page 8 ontinu¢il..-
BILTON POOR'S LAND AND OTHER CHARITIES NOTES TO THE FINANCIAL STATEMENTS- continued for the year ended 28 Fèbruary 2025 SUPPORT COSTS Governat)ce costs Other resources expen(fed 6.073 OTHER 2025 2024 Professional fres Indepenosenl examinalion fee Property maintenance costs Support ¢osts 2,983 2,400 8,305 6,073 2,854 2,040 5.157 5,797 19,761 15,848 Unrestrtcted Funds R¢strictÈd Funds Endowment Totsl Funds Funds 2025 Total Funds 2024 Legal and proles$iono1 fees Independent examination fee Property maintenancè 2,983 2,983 2,854 2.400 2,400 2,040 8,305 8,305 6,073 5.157 5,797 Support costs 6,073 8,473 8,305 19.761 15,848 TRUSTEES. REMUNERATION AND BENEFITS There w¢R no trustees, remuneration or other benerrts for the year ended 28 February 2025 nor for the year ended 28 February 2024. Trustèès. expen8e8 Duriag the year £17512024.. £117) was paid to twstees for reimbursed expenses. FIXED ASSET INVESTMENTS 5 y¢ar xed account MARKET VALUE Al 29 February 2024 Interest accrued 50.000 2.493 Al 28 February 2025 62,493 NET BOOK VALUE Al 28 February 2025 52.493 Al 28 February 2024 50.000 There were no investment assets ou18ide the UK. Page 9 continued...
BILTON POOR'S LAND AND OTHER CHARITIES NOTES TO THE FINANCIAL STATEMENTS - continued for the year endèd 28 Fèbruary 2025 io. CURRENT ASSET INVESTMENTS Movement in market value 2025 2024 Matkèt VAlue at 1 March 2024 Additions al cost Disposals al open bogk value Net gains on r¢valuations ir* the year ended 28 February 2025 719,S39 29,134 138,0401 16.930 680.148 54,408 157,2701 42,255 727,563 719.539 InvestFnenls ore listed and comprise.. 2025 2024 Chaflties Official Ethical Investment Fund UK Listed Equili¢s Overseas Listed Equities Unit Trust UK Govemment securitiÈs Infraslruclure Funds Commoditie$ 543,226 69,156 23,478 61,489 22,860 1,200 6.154 534,064 73,626 15.350 70,887 18,792 1,467 5,353 727,563 719,539 The Charities Offic¥al Ethical Inve8lrnent Fund is a non-exptrndable investment. AU other investments are expendable. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2Q24 Other ¢rÈditors 6,948 2,040 12. MOVEMENT IN FUNDS Net movement in funds Transfe¥s between funds At 2912124 At 2812125 Unrèstricted funds General fund 259.947 16,241) 14,522 268,228 Restrlcted funds Restricted FndS 534,064 24,427 115,2651 543,226 Endowmènt funds Endowment Funds 32,500 15.2911 743 27,952 TOTAL FUNDS 826,511 12.895 839.406 Pa9e 10 continued...
BILTON POOR'S LAND AND OTHER CHARITIES NOTES TO THE FINANCIAL STATEME14TS- continued tor the year ended 2B February 2025 12. MOVEMENT IN FUNDS- contlnued Net movement in funds, included in the above or¢ as fouows.. Incoming rosourees Resources expended Gains and losses Movement in fund5 Urtrestrictéd funds General fund 7,863 121,8721 7,768 16.2411 Restrlcted furids Restricted Fund 15.265 9,162 24.427 Endowment funds Endowment Funds 5,997 111,2881 15,2911 TOTAL FUNDS 29.125 133,1601 16,930 12,895 Comparativès for movement in fynds Net movem¢nt in funds Transfers between funds At 2813124 At 113123 Unrestricted funds G¢neral fund 267,954 {18.9751 10,968 259.947 R•stricted funds RestrÉcted Funds 487,695 61,338 114,9691 534,064 Endowment funds Endow(tLent Funds 32,5QO {4,0011 4,001 32,500 TOTAL FUNDS 788,149 38,362 826,511 Comparative nel movement in lunds, induded in the above are a5 ft)IFows'. Incoming resources Resottrces )ended Gains and 105ses Movement in funds Unrestrieted funds General fund 5,117 {19.8951 14,1971 {18,975) Restricted funds Restrided Funds 14.969 46,369 61,338 Endowmènt funds Endowment Funds 4,010 {8,0111 14,0011 TOTAL FUNDS 24,096 {27,9061 42,172 38,362 Page 11 conts'nued...
BILTON POOR'S LAND AND OTHER CHARITIES NOTES TO THE FINANCIAL STATEMENTS . Contlnued tor the year ended 28 February 2025 12. MOVEMENT IN FUNDS - eontSnued A current year 12 months and prior year 12 months combined position is as follows.. Net movement in lund5 Transfers between fvnd$ Al 2812125 Al 113123 Urtrèstrieted funds General fund 267,954 125.2161 25,490 268,228 Restrlcted fund$ Restricted Funds 487,695 85.765 {30,234) 543,228 Endowment fund5 Endowment Funds 32,500 19,2921 4,744 27,952 TOTAL FLINDS 788,149 51.257 839,406 A current year 12 rntsnlhs and prior year 12 month$ ¢ombined net movem8At in fijnds, induded in th¢ above are as follows.. InGoming r¢sources Re50urce5 expended Gains and losses Movernenl in funds Unrestricted fundg General fund 12,980 141,7671 3,571 125,216) R¢stricted funds Restricted Funds 30,234 55,531 85,765 Endowmènt funds Endtswment Funds 10,007 {19.2991 (9.292) TOTAL FUNOS 53,221 {61.0661 59,102 51,257 The endowmènt fund is represented by the *eo1¢y property compristrng huts and allolmenls Situated to the rear of private dwellings on either sidè ol Alwn Road. Billon 116.25 acres let on 8nnual tÈnanrAesl. This is an expendable endowment whieh may on the approval of the Charity Comm18sitsn be applied as incorne ft)r the furtherance of the objects of the charty. The restrtcted fksnd 18 represented by the Charities Official Investment Fund detailed in the Investment notè. This is a capital fund where the assets are required to be invested rather than expended. The income 1$ expendable at Ihe discretion tsf the trustees in further¥nGe of the objects ol the charity. 13. RELATED PARTY DISCLOSURES There were no rel8led party transactions in the year ended 28 February 2025 or 28 February 2024, beyond reimbursed expensès. P8ge 12