DUNCAN
&TOPLIS
REGISTERED CHARITY NUMBER: 216557
THE SWINESHEAD POOR CHARITIES
REPORT OF YHE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 MARCH 2024
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ThE 5WINESHEAO POOR CHARITIES
CONTENTS OF THE FINANCIALSTATEMENT5
FOR THE YEAR ENDED 31 MARCH 2024
Page
Report of the Trustees
Ito3
Independenl Examiners Report
Staternent of Financial Activities
Staternent of Financial Position
Notes to the Financial Statements
7t012
Detailed Statement of Financial Activities
13

THE SWINESHEAD POOR CHARITIES
REPCIRT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The
trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice
applicèble to charities preparing their accounts in accordance with the Financial Repgrting Standard applicable in the
UK and Republic of Ireland IFRS1021 leffeetive l January 20191.
OBJECTIVES AND ACTIVITIES
Objtctlvè5 and alm5
The objectives and alms of the charlty are-
'To relieve either generally or individually persorbs who are in conditions of need. hardship or di5tre55 Wlthin the parish
of SwSneshead"
The objective5 cover the relief of poverty. help foy children, young people, the elderly, the disabled and the general
public.
The objertives are achieved by providin8 8rants to indwidua15 and or8ani53tion5 and by providin8 buildin8$, facilities
and open Space area5.
Public btnefrt reporting
When revlewlng the charltles oblertlves and alms, and in planning future acilvltle5, the trustee5 have considered the
Charity Comrni5sion's general guidance on public benefit.
Slgnifitant activities
The charlty'5 main activitles each year is the provi5i0n of monthly pension payments to person5 In need. together wlth
grants to support varlous organlsatlons and Indlvlduals.
ACHIEVEMENTS AND PERFORMANCE
charitab￿ activitoes
The charity has enjoyed another successful year and continues to help those in the commLÈThity bythe provision of lunds
by way of 8rant5 aThd donations.
Monthly penslons tolalllng £4,900 were pald durlng the year to seven reclplents12023- £6,350 paid io nine recipientsl.
ITh addition, furthergrants and donations We￿ made to a numberof beneficiaries totalling£8,05212023- £6,450). These
included £2.600 to the Education Foundation12023- £2,2001.
The charity continues to receive rental income from the various land that is held. The administratlon of the collection
ol the rental income during the year was managed of behalf of the trustees by Lynne Wilson.
Investment performancè
Investments are held with M&G Investments in the Charibond fund and generate income on a quarterly basis.
Page I

THE 5WINESHEAO POOR CHARITIES
REPORT OF THE TRU5TEE5. continued
FOR THE YEAR ENDED 31 MARCH 2024
FINANCIAL REVIEW
Reserves policy
The reserves pglicy of the charitv IS to maintain unrestricted free funds of the Charity, at a sufficient level which enable5
the charlty to be able to operate.
As at 31 March 2024 total reserves were £1,544,551 of whlch £1.414,767 was represented by flxed assets held by thè
charity. This leaves free re5erve5 of £79,161 (compared to £150,575 for the previgus year). The trustees consider the
level of free reserves to be adequate. They wlll contlnue to rnonltor the reserves held by the charlty and consider funds
held In conlunctlon wlth other projects that the trsjstees may conslder foi the luture.
Funds In defic
The charity did not have ary fund5 in deficit at the year eThd date.
FUTURE DEVELOPMENTS
The trLJStees irstend to continue to maintain the charity on a Similar basis to previous years.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governln8 document
The charity 15 controlled by its governin8 document. a deed of trust, and constitutes an Unincorporated charity-
The formal governing document is a Scheme dated 5 May 1975.
The charity was registered with the Charity Commi55ion on 24 April 1964.
Re¢rultment and appointment of new twstees
The body of trustees shall consist when complete of eight competent persons being one ex-officio trustee, three
nominated trustees and four co-optative trustees.
The ex-officio trustee shall be the vicar for the time bein8 of the Eccle5iastiral Parish of St. Mary. Swineshead.
The nomlnative trustees shall be appolnted by the Borough Councll of Boston and the Parlsh Counul of Swlneshead.
The co-operatlve trustèes shall be persons who through res5dence. occupatlon or employment, or otherwise have
special knowledge of the areas of the parish of Swineshead.
All trustees give of their time freely arnd no trustee remuneration was paid in the year.
Organlsational strudure
The trustees shall hold at le8St two ordinary meetin8$ in each year.
There shall be quorurn when three trustees are present at a meeting.
Day to day administratlve dutSes are carried out bythe clerk on behalf of the trustees.
Risk manaKement
The trustees have a duty to identlfy and revlew the risks to which the charlty Is Èxposed and to ensure appropriate
controls are in place to provide reasonable assurance agalnst fraud and error.
Pa&e 2

THE SWINESHEAD POOR CHARITIES
REPORT OFTHE TRU5fEES- tontinued
FOR THE YEAR ENDED 31 MARCH 2024
REFERÉNCE ANDADMINISTRAnvE D￿All5
RÈ¥#er¢d Charlty ttumber
216557
P￿n¢[pa1 addre55
Home Farm
Tumby Muorside
Boston
ncolnshire
PE22 75T
Trustee5
M brookes
M R Leggoit
Wdberry-srnith
G J Hutson
DrPJDaw5
J W Wri8ht
Revc Robertson
G Cornah
S Trafford
Cllr 5 Welberry
resigned 27 November 2023
resigned 4 May 2023
appointed 9June 2023
Ib)dependÈntexamlner
Mr J R Hodscn FCA
Duncan & Toplis Llmlted
S Resolution Close
Endeavour Park
Boston
LirKoln5hire
PE217TT
Blnkers
Lloyds Bank plr.
51 Market Place
oston
li￿oInShire
PE216NQ
Solldtor5
Maples
23 New Road
Spaldln8
ncolnshire
PEII IDH
Valuers and Èstate aBenis
W511 Barker & Co.
12 The Point
Lions Wav
51eaford
Linrgln5hire
NG34 8GG
Approved by ord?r of the board of trustees on 10 july 2024 and signed on their behalf by..
M Welberry-Srnith- Trustee
Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
SWINESHEAO POOR CHARITIES
Indèpendent èxamlne¢s report to the trustees of Swlne5head Poor Charltles
I report to the charity trustee5 on my examinatlon of the accounts of thè charity for the year ended 31 March 2024
which art sét out pages S to 12.
Responslbllltles and basls of rèport
As the charit￿5 trustees you are responsible for the preparation of the accounts In accordaDce with the requirernenls
of the Charities Act 20111-the A￿1.
I report In ￿SpeCt of my examlnation of the charit15 accounts carried out under Section 145 of the Act and in carrying
out my examination I have followed all applicable Directions given by the Charity Cornmission under section 14515llbl
of the Act.
Independent examlnerfs staten7ent
I havE completed my examination.
Your attentlon Is drawn to the fact that the tharity has prepared the flnanclal statements In accordance with Accounting
and Reporting by Charitles preparing their accounts in accordance with the Financial Reporting Starbdard applicable in
the UK and Republlc of Ireland IFRS1021 In preference to the Accountlng and Reportlng by Charltles.. Statement of
Recommended Praetlce Issued on l Aprll 2C4)5 which is referred to in the extant regulatlons but has slnce been
wlthdrawn.
We understand that this has been dorne in order forthe accounts to provide a true and fair wew Tn accordance with the
Generally Accepted Accountin8 Practice effective for reportln8 period5 beginning on or after l January 2015.
I coThfirm that Tho material matters have come to my attention in connection with the examination 8iving me cause to
believe thèt in any material respect..
l account5ng records WEre not kept irn respect of the chaiity a5 required by section 130 01 the Act,. or
2 the accounts do not accord with those record.. or
3 the account5 do not comply with applicable requlrements concernSng the forrn and content of account5 set out in
the Charltles (Accounts and Reports) Regulatlons 2008 other then any requlrement that the account5 give a true
and fa5r vlew which is not a matter considered as part of an independent examinatlon.
I have no concerns and have come across no other matter5 in connection with the examinatlon to whlch attention
should be drawn In the report in order to Ènable a proper understanding of the accounts to be reached.
J R HODSON FCA
Duncan & Toplis Limited
S Re501ution C105e
EThdeavour Park
B05ton
Lincolnshire
P£217
Page 4

THE SWINESHEAD POOR CHARITIES
STATEMENT OF FINANCIAi ACTIVITIES
FOR THEYEAR ENDED 31 MARCH 2024
2024
Totsl
Funds
2023
Total
Funds
Unrestricted
funds
Endowment
fund5
Note5
INCOME AND ENDOWMENTS FROM:
Investments
Orher
40,389
197
40,389
197
42,463
205
Total
40.586
40,586
42,668
EXPENDITURE ON:
Charltsble actlvltles
29,083
29,083
22,472
Total
29.083
29,083
22,472
Net income before investment 8alnslllossesl
Net11055esl/gains on irnve5tments
11,503
11,503
20.196
13,7181
NETINCOME
11,482
11.482
16.478
Other recogn15ed galns/llos5esl
Galns/llossesl on revaluètlon of fixed assets
Net movement Sn funds
11.482
11,482
16,478
AECONaLIATION OF FUNOS
Total funds brousht forward
1,508,069
25,000
1,533,069
1,516.591
TOTAL FUNDS CARRIED FORWARD
1.519.551
25.000
1.544,551
1,533,069
CONTtNU5NG OPERATIONS
All Income and expendlture has arisen from contlnuSng aciivltles
The notes form part of these Ilnancial statement5
Pa8e S

THE SW51NESHEAO POOR CHARMES
STATEMENT OF FINANCIAL POSITION
AT 31 MARCH 2024
2024
Total
funds
2023
Total
Funds
Unrestrkted
lund5
Endowment
funds
Note5
FIXED A55Efs
Tangible asset5
Inve5trnents
1.389.767
50,623
25,000
1.414.767
50,623
1,331,850
50,644
1,440,390
25,000
1.465.390
1.382,494
CURRENT ASSETS
Debtors
Monies held by Solicitor
Cash at bank and in hand
31JO
1,080
82,822
71,089
io
84.430
84.430
84.780
84,730
154,991
CREDITORS
Amounts falling due within one year
li
15.5691
15,5691
14,4161
NET CURRENT ASSETS
79.161
79,161
150,575
TOTALA￿£T5 LESS CURRENT LIABILITIES
1,519,551
25,000
1,544,551
1,533.069
NET ASSETS
1,519,551
25,000
1,544.S51
1.533,069
FUNDS
Endowment funds
Unrestricted funds
12
25,000
1,519.551
25,CK)O
1.508,069
TOTAL FUNDS
1,544.551
1.533,069
The Ilnanclal statements were approved by the Board of Trustees on IOJuly 2024 and were signed on its behalf bv..
M Welberry-5
h-Tru5tee
I W Wright-Trustee
The note5 form part of these financial ststements
Page 6

THE SWINESHEAD POOR CHARITIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THÉYEARENDED 31 MARCH 2024
STATUTORY INFORMAT1014
The SwinE5head Poor Charity is an unincorporated charity. re815tered in England and Wales. The charity's
règistered number and principal office address can be found on the Charity Commission website.
The slgnlflcant accouThtlng polleies applied In the preparatlon of these flnancial statements are set out below.
These policies have been consistently applied to all years presented unless otherwlse stèted.
The finanaal statements are preseThted in pound sterling 1£) which is the functional currency of the charity.
ACCOUNTING POUCIE5
Basls of preparin8 the financlal statements
The financial statements of the charity. which Is a public benefit entity under FRS 102. have been prEpared i
accordance with the Charities SORP IFRS 1021 'Accounting and Reportlng by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Flnancial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective I january 20191,. Financial
Reporting Standard 102'The Financial Reporting Standard appllcable in the UK and Rep¢Jblicof Ireland. and the
Charities Act 2011. The fjnancial 5tatement5 have been prepared under the historical cost convention.
The flnanclal statements are prepared on a going concern basi5.
The financial statemet)ts have been prepared to glvea'trbje and falr, view and have departed from the Charities
(Accounts and Reportsl Regulations 2008 only to the extent required to provide a 'true and f3ir view,. Thls
departure has involved followlng the Accounting and ReportlTr8 by Charlties- Statement of Recornmended
Practice applicable to charities preparing their 3ccounts In accordance with the Fin3ncial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014 rather than the Accounting and
Reporting by Charlties.. Statement of RECOrntnended Practlce effective from l April 2005 which has Since been
withdrawn.
Income
All income15 recognised In the Statement of FiThancial Attivlties once the tharity has entltlement to the funds. It
is prob3ble that the income will be received and the amount can be measured reliablv.
Donations- income by way of donations is included in full in the Statement of Financial Actiwties in the year in
which they are receivable.
Investment incorne is included wheTh receivable by the charity and consist5 Of..
Bank deposlt interest which is Included in the statement of financial activitie5 on a re￿1vable basis.,
InvE5tment income paid orb a quarterly basis on the Investment portfolio held by the charty in included
on a receivable b351S,'
Rental income in respect of tenanted land which 15 included in the 5tat2rnent of linanual activities on a
rece¢vable ba515.
Donatlons In kind. nD amounts are iniluded in the financlal statements for service5 donated by the trustees
Pa8e 7

THE SWINESHEAD POOR CHARITIES
NOTES TO THE FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENOEO 31 MARCH 2024
ACCOUNTING POLICIES. coiitlnued
Expèndfture
Expenditure is reco8nised on an accruals basls, beln8 recognlsed In the perlod in which It has lTrcurred.
Expenditure include5 attributable VAT which cannot be recovered. Irrecoverable VAT 15 charged agalnsi the
expenditure for which it was incurred.
Charitable activities includes donations made by the charityto a wide range of worthy causes. These are included
when the charity has made a non-conditional commitment to the recipient.
Grants offered subjett to condltlons whlch have not been met at the year end date are noted as a commltrnent
but not accrued a5 expenditure.
Tanglble fixed assets
The fixed assets comprise Ireehold land and property whlch a￿ cla55ed as investment propErties and are
included at valuation.
Investments
InvEstment5. cornpri5ing funds placed with M&G Inve5tment5. are included at valuation.
Tamatlon
The charity is exempt from tax on its charltable actlvities.
Fund accouDtln8
Unrestrleted funds ean be used in attordance with thè charltable oblertlves at the distretlon of the trustees.
Designated funds can be set aside by the trustees out of unrestrlcted 8eneral funds for specific future purposes
or projects.
Restricted lund5 can only be used for particular restricted purpose5 Wlthin the objects of the charity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.
Endowment funds are funds which repie5ent those assets which must be held permanently by the charity,
principally investments of fixed assets. Income arisin8 on the endowment funds can be used In accordance with
the objects of the charity and is inclvded as unrestricted income. Any gain5 or losses ari5irng on the a55ets forrn
part of the fund.
Further explanatlon of the nature and purpose of each fund is included in the Tholes to the financlal staiements.
P38e 8

THE SWINESHEAD POOR CHARITIES
NOTES TO THE FINANCIAL 5TATEMENTS- CONTINUED
FOR THEYEARENDED 31 MARCH 2024
OTHER INCOME
2024
2023
'Rambllng dav
Wayleave
Donation
197
205
197
205
EXPENDITURE ON CHARITABLE ACTIVITIES
2024
2023
Charltable actfvitles:
Monthly pensions
Grants and donations
'Rambling day, teas
4.900
8,052
iio
6,350
6,450
63
13,062
12,863
Support costs:
Clerk5 salary and expenses
Rates and water
Insurance
Prolessional fees for rent collectlctn
Property expense costs Ilndudlng Insurances)
Prolessional fees
Educational Foundation clerk
Independent examinationlaccountancy fees
Bad debt
1.850
35
286
757
7,817
1.320
175
881
2,9
1,600
27
275
1,396
2.224
3.066
150
871
16,021
9,609
Totsl txpendbture on charitable activitits
29,083
22,472
Page 9

THE SWINESHEAD POOR CHARITIES
NOTES TO THE FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
EXPENDITURE ON CHARITA8LE AcrtVlTIES- ¢ontlnued
The grants and donatlon5 paid in the year compri5ÉS'.
fjrants by way of monthly penslon contrlbutlons were made durSng the year to seven reclplents12023 - 91
totalllng £4.9cKJ12023- £6.3501.
Grant5 and donations were made to a number of benefIC￿arIeS totalling £S.OS212023 £6.4501 being Education
Foundation £2.60012023 - £2,200), Jubilee Committee £70012023 £nill, Swineshead Scout Group ETril12023
£l,(A)01 and other individuals £4,75212023 £3.2501
TRUSTEES. REMUNERATION AND BENEFITS
There were no tru5tees' remuneration or other benefits for the year ended 31 March 2024 nor for the year
ended 31 March 2023.
Trustees, expenses
There were no trustees. expenses paid for the year ended 31 March 2024 nor for the year ended
31 March 2023.
STAFF COSTS
2024
2023
Wages and salarie5
1,850
1,600
The average monthly number of employees during the year was as follows..
2024
2023
Educatlonal FoundatloTr clerk
Clerk to the Trustees
No employee received total remuneration In èxcess of £60,00012023- £60,C¥JOI.
TANGIJLE FIXED ASSETS- INVESTMENT PROPERVIES
Freehold
properties
Freehold Freehold land
land Enhancement
costs
Total
COST OR VALUATION
At l April 2023
Addlllon
234,000
1,097,850
82,917
1,331,850
82.917
Cost or valuation as at 31 March 2024
234,000
1,180,767
1,414,767
The charlty owns freehold propertles aDd various pieces of tenanted land iThtluding the Swineshead playing field.
Page 10

THE SWINESHEAD POOR CHARITIES
NOTES TO THE FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
TANGIBLE FIXED ASSETS-INVESTMENTS PROPERTIES- contlnued
The valuation of the properties and the land held by the charity is included in the balance sheet as at 31 March
2024 based on a professional valuation for the date of 31 March 2017, as carried out OD behalf ol the trustees
by Camilla Shipley 8SclHonsl MRICS FAAV of Pygoti & Crone, except for any addltions slnte the 2017 valuatlons
whith are included at a valuation obtained on purchase.
The Swirneshead playingfield which is included in the above valuation is held as aTr asset which thecharity cannot
dispose of in the future. It hastherefore been Included as an endowment fund. The valuatlon forthe Swlneshead
playing field as at 31 March 2024 wa5 £25,000 which 15 based on a profe55ional valuation as at 31 March 2017.
FIXED ASSE[ INVESTMENTS
2024
2023
Investments were as follows..
Nrt & G Investrnents
50,623
50.644
Unrealised gains/lb55ES1 on irnvestments
Reali5ed gains/llossesl on investrnent5
13,7181
Total Increaselldecrea5el in value of investments
121
3,718
Historlcal cost at 31 March
50,046
50.046
The valuation included in the year end accounts 15 the market value as at 31 March 2024.
OEBTORS.. AMOUNT5 FALLING DUE WITHIN ONE YEAR
2024
2023
Prepayments and accrued income
300
1,080
io.
CASH AT BANK AND IN HAND
2024
Toial fursds
2023
Total funds
General fund
Curiènt account Lloyds 8ank plc.
84,430
84,430
71,089
Total
84.430
84,430
71,089
Pa8e 11

THE SWINESHEAD POOR CHARITIES
NOTES TO THE FINANCIAL STATEMENTS- CONTINUED
FOR THEYEAR ENDED 31 MARCH 2024
IL
CREOITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Accruals and deferred Incorne
5,569
4.416
12.
MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
between
funds
At 1104123
At 31103124
Unrestrlrted funds
General fund
1,508,069
11,482
1.519,551
Endowment funds
Playing field
25,1X)O
25,000
TOTAL FUNDS
1.533,069
11,482
1.544,551
Net movement in funds, included In the above are as follows..
Gainsll105sesl Gain51110ssesl
on Snvestment on revaluatlon Movement
assets
ol fixed assets
in funds
Income
Expenditure
Unrestrlcted funds
General fund
38,266
129,0831
9,162
Endowment funds
Playing field
38,266
129,0831
1211
9,162
The end¢)wment fund comprises Swineshead playing field, an asset which the Charity cannot dispose of in the
future.
RELATED PARTY OISCLOSURES
There were no related party transactions for the year ended 31 March 202412023- none).
ULTIMATE CONTROLLING PARTY
The charlty Is controlled by the trustees.
Page 12

THE SWINESHEAD POOR CHARMES
DETAILED STATEMENT OF FINANCIAL ACllVITIES
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
INCOME
Investment Income
Renial income
M & G investment income
Deposlt Interest
38,188
2,201
40.711
1,752
40,389
42,463
Other Income
'Rambling dav.
Wayleave
Donailon
197
205
197
205
Totsl Income
40,586
42.668
EXPENDiniRE
tharjtable actlvltlp5
Monthly penslons
Grant5 8nd donations
'Rambling day. teas
4,900
8,052
iio
6,350
6,450
63
13,062
12,863
Support costs
Clerk5 salary and expenses
Rates and water
Insurance
Professional fees for rent tollection
Property expense costs (including insurancesl
Professional fees
Educational Foundation clerk
Independent examirnation/a¢countancy fee5
Bad debt
1,850
35
286
757
7.817
1.320
175
881
2.900
1,600
27
275
1,396
2.224
3.066
Iso
871
16.021
9.609
Total expendlture
29,083
22,472
Net11055esl/galns on In￿StMentS
211
3.7181
Net Income for the yeHr
IIA82
16.478
Pa8e 13