THE ELLEN BARNES CHARITABLE TRUST YEAR ENDED 31 DECEMBER 2023 I. ADMINisfRATIVE INFORMATION THE TRUSTEES MTS Karen Ashto MrJame5 Bavin Mr Peter Bevlngton Mr rim Foster MrJame5 Lloyd Mrs Juliet MacKenzie Mrs Sarah Nurden Mr AshToone Mr Philip Welr Mrs Esther Wintrlngham Chair CLERK I coKfAcr Mr Mark Woodward The Poplars 47 Willow Street 05vie5try SYII IPR Tel 01691653301 Email info@crampton-pym-lewls.co.uk CHARrrY REGISTERED NO. 217344 ACCOUNTANTS Mr Paul Evison NAGING AGENT Mr Ro8er Lunt 16 Leg Street Oswestry SYII 2NN Tel 01691679595 Email oswestry@morrismarshall.co.uk BROKERS Ms Heather WateT5 Brown Shipley 1.1 GOVÉRNING DOCUMEh The Charity, which has been in existerKe Sin￿ 1930. was created by the will of Ellen Bames11842- 19201. It5 governlng Scheme was last updated 27 July 2CKI5. 1.2. 08JEcnvES OF THE CHARITY The provision of hou5in8 accommodation for persons who are in financial need and are elther resident In the area of beneflt: Weston Rhyn and the adjoining parishes and the parishes of Oswe5try Town and Oswestry Rural] or appolnted by the trustees under the Scheme. The promotion of the education of persons underthe age of 25 resident In the area of benefit. Such charitsble purposes wlthin the area of benefit as the trustees decide. 1.3. PUBLIC BENEFIT In fulfilling the objects of the Charitythe trustees have had due regard In all their decision maklng and artivitie5 to the guidance on Trublic Bene￿ provided by the Charity Commission. 1.4 ORGANISATIONAL STRucfuRE The administration and managernent of the Charlty 5s carried out by the trustees. At the first of the 3 meetln8s of the trustees in each year, the trustees elett one of thelr number to be chairman for the year. The trustee5 benefft from professional advisors, the Clerk. Accountant and Managing Agent normally attend meeting5, 1.5 TRUSTEES Trustees ofthe Charity Bre appointed for a period of 4 years at a tfUStee5' meeting. Trustees, who must be committed to the objects of the charity. are recruited from the area of benefit. No trustee may receive any beneflt or have any financlal interest In the Charity. Any confllrt of ir)terest is declared and recorded at each meeting. 1.6 TRAINING OF TRusfEES Each new trustee is inducted by the Clerk receNing a copy of the S¢heme,' the most recent accounts and minutes and the Charity Commission Guidan￿ Document CC3 The E￿ential Trustee.. The Alrnshouse L%soclatlon news is circulated. Their guidance manual 15 also available. Trustee5 are encoura8ed to access the Charity Commission News and invited to attend relevant local training. 1.7 R15K MANAGEMENT Trustees are responsible for the management of the risks faced by the charlty. The controls Used include- Established organlsatlonal strurture and lines of reportlng. Formal agendas and minutes for meetings. Planning, budgetln8 and financial forecasting Provlslon of appropriate Information for residents Health and Safety Policy with provision for routlne Inspectlon 1.8 FINANCIAL AND INVEsfMEp¥r poucy Accounts are professionally rnanaged ané presented annually. The Charity maintsin5 its permanent investment endowment in a balanced, medium risk fund managed by the ChariVs brokers. Trustees maintaln and keep under revbew the following reserve funds. An Extraordinary Repair Fund. for improvement and extraordinary repalr. A Cy¢lic31 maintena1￿ Fund. for malntenance and ordinary repair. 2. ACHIEVEMENf AND PERFORMANCE 11 OCCUPATION OF ALMSHOUSES All 6 almshouses were occupled through(krt the year. The Weekly Malntenance Contribution v¥as raised by 4% in April 2023 with an intention to be consistent in future by reviewlng Contrlbutlons annually in April in line with comparable inflation In soclal houslng rents. 2.2 IMPROVEMEMf AND REPAIR OF ALMSHOUSES Work torÈnew￿p£r?de shower facilities in tsvo L7nvts Wds completed. Work on the iefurbishment of one kitchen was Initiated. Improvements to the ambien￿ of the area around the back entrance I main driveway were completed. A grant was made to Ysgol y Waun for the purchase of a camp kitchen 2.4 GOVERNANCE AND ACHIEVEMEf4TS Five new Trl￿e5 were appointed. There were three routine meetings during the year and two addltional meetin8s- one to welcome new Trustees, one to discuss strategic policies and an emergency session to discuss diseased trees. In addltlon to the successful recruitment and indurtion of five new Trustees. a number of Strategic adminlstrative goals were athleved- The drafting of a new Reserves Policy with speclfic reference to the use and management of the two DeyBnatÈd Rèserve Funds. o A thorough review of our Endowment Fund invesfment with Broker in ottendance by Zoom The re*valuatlon and re-launch of the Charivs 8rant-makin8 role o The launch of the Charftvs first website: vhvw.ellenbarnescharitabletru5t.or The further consolidation of all pollcy and procedural documents in a Charity Manual for the Trustees and the officers of the Charity. o Work was started on researthing and writing up the history of the Charity. 15. INVESTMENT PERFORMANCE The performance ft)r the year to 31" December 2023 was in line with market condltlons. 16. FUTURE PLAHS It is proposed to: Consolldate work begun in 2023 to manage De5ign8ted Funds In Ilne wlth the new Reseryes Policy. Revlew the management of our un￿$tritted Funds. Cvnsolidate the restoration of our Grant-making role. Remove the ¢onifers adjacent to the drlve and develop a strategic plan for the grounds. To appoint a IT1￿ Chair. Complete Charity Hlstory wor Approved by Trustees and signed •)n thelr behalf Chair Peter Bevington Dote i* Marth 2024 THE ELLEN BARNES CHARITABII TRUST ACCOUNTS FOR THE YEAR EM)ED 31ST DECEMBER 2023 coKrENTS Page Report of the Elloi Bames ch￿￿table Tn￿t Jnd¢pendent Exat)]iner's ReF Statemart of Financial ActiVAtie8 Balance Sheet 5-8. Not¢s to the Financial Ststemcnts This pagc does nol fomi part of the Financial state￿a)ts REPORT OF THE EILLI, BARNES CHARITABLE TRUST FOR YEARENDED JIST DECEMBER2023 Th¢Eilen Born¢8 Ch￿1¢4￿*1 Thwi présfflt theirryot with th¢fin￿l87 8tataDAts orth¢ chty forthoy¢w 31st De£thn￿ 2023. IIEFERENCK AND ADMINISTRATIVE DETAIL8 Rtglstered ChArlry number 217344 Primc¥pal addrts* O Mr MaTk WOodw￿d CtsrnptonP)Th ond Lowis ThFPDpiEts 47 Willow Street SYT I IPR Truthe8 MT8 K Mr J Uoyd MrTFD ATory Mrj B&Yin Mts J maCka￿]e Mr8 SNurdaL MrPW Mjs E Willtrits8ha A￿li1]led 27th J8nw2023 Appointtsl 27th JallUOry 2023 Appoirtttsl 27tb JaTW*ry 2023 AppoititeAI 27th JaTLUBry 2023 AppoiDttA 27th Jznupry 2023 Mr MsTk Woodw8rd AEeAt MrR Lunt Indep¢ndent Ey*Jnkner D.P EvisonF.C GameAPuBtt attd Sxnt]aii 3 BtlBAve PIa 19 SttlopR(Md 08W¥ty Syl i IAD STRucfuRL COVERNANCE AND MANAGEbliNT Th6Ch&rity own? ettd A]mthous49 and aBrI￿1￿]raI land in Wc%ti)n R￿3￿ ShwpslJr4 tog¢thtrwkth Inv&$ts)￿thts &ttd mak# gtyjtstopasorts orc*Battis2ti￿y in the IIKal ONBEHALF OF THE BOARTr. MrP Be￿￿8￿)￿. Ch. 13th MS￿h2o24 ELLEN BARNES CHAIUTABLE TRUST REGISYERED CHARtTV NtrfiiBER: 217344 INDEPENDENT EXAM RT K THE YEARENDED 315r DECEMBER 20Z3 I rrwt ￿ thtTru¥tru" mmytx**ination of th¢firLanc4￿ statu￿￿￿£ Th¢ Ello Batn¢s ctwitablelh￿l I'the fi th¢year￿dEd 31#Dc£￿Ib2r2O23, whid5 are set0￿10￿ p38¢5 3 to 8. RESPONSIBILITIES AND BASIS OF REPORY As the Thjstees ofthc ¢haTity you KercsExwwble for the preprtion of thc financial srata)wits itt &cardan* thc ye4￿1%￿&1ts of the (Iwiti¢5 A¢t2011 lthc 2011 Act). I rewrt ikTeSWI of yny exarnination of theTYuses 6n8ncig18tstallo18 out und¢r I￿110n 145 of the 2011 lty wing out my t%thnirJatkDn I hBvc fol]owed •ll the HpplicableDirwtiOllS givcn by theawity c0TDTDi￿tsn ¥th4e£tio 14515Xb) of th¢ 2DI I A¢L INDEPENDErrr EXAMINERS STATEMENT I hav¢￿n1PkttdmY exarnillali￿ I thatno matt￿5 ¢cqrK to rny atteniion In coJme£don with the &urnin&tion givill8 mc clluse to believe that in Bnymjttyiul rr￿P￿t *uDtiog Lvotds w¢rtnot Win rc8pect of the cknity&* 7t4pirrAJ by •e&*ion 130 of the2011 ACL. or 2) 31 the firtaneidl stRt#w*sdo not owly the 4wlicsbl¢ WiTeme￿*S conceniing thefonll 8Ld ¢ont¢M of aca>uRts 8¢(oui in the Chariii&* (Aceowits and ROr￿tt9) Regulations 2008 other th8ll 4ryyrwir¢mefti tbat thr &¢cOu[￿ give &trn¢ 2nd fair vi￿¥ which is not amat￿ cotssiderèj &%ptrt of indepwth4rt examitiab(w. I haveno eoncern8 And ha￿ wmcxm55tt0 (rthtrmatterÈkn with thetX8rninattoJJ to wbid) atte4Jlion should e thswn in this Jtport in or&rw ￿abIta￿operv0d￿Stl￿dIllg of thefiDaociBI 8tattt)Mtsto beTell¢he nF.C ugb and Si￿]￿r 3 Bdgtave PlaL* 19 Sajop 13th M•reh 2tr24 Syii IAD THY ELLEN BARNES CHARITABLE TRUST YL4A TO 31ST DECEMBER Z023 STAT￿￿ QF FINLNCIAL ACTIVITIES 2022 Totsl Not¢ Unrèstrltted D￿180***d E￿d0￿Mert T￿47 INCOMK FROM Ch•￿￿1j￿ A¢d￿lI¢s. c￿tnbUtlO￿s frotD reddtt 23,193 40 2,789 23.193 22,792 155 1,377 TOTAL fNCOM 26,022 26.177 24.209 XPENDrruRKOIY Charhlbh Provi￿9￿ of AlmshouseB & outreach aaivitie8 co￿￿Ce¢0￿ts QrBDIS &DoDations 16,889 5.194 582 16,889 5.194 5S? 19.234 5.859 22,665 21665 25.093 N¢t VI￿{[0¥￿t8) on iLve8trrtht *sK15 1,156 13,679 14,835 {39a09} Net IDCOTDtI (expelldlknr¢) 3JS7 13.679 18,347 (40.3931 1420 (1,820) 1600) Netm¢)vemtht itt 5.777 {5C8} 13,079 18J47 (40,3931 FllDdbal￿bIDU&ht fmrd at l$t JaDuary 2023 29216 29.169 187247 245.632 286,025 bAI*#&*s ¢Arrl¢d forn•rd at 31￿ Deteubtr 21113 34,YY3 28.(￿0 2[￿.320 263,979 245,632 THE KiLIP¥ BARNLS CHARITABLE TRU YEAR TO 31ST DECEMBER 21123 BALANCE SHEET 2023 21122 Nut¢ TangibleAwts Inves1m￿t5 30,535 215.889 27.887 202J19 TOTAL FIXED ASSETS 24A424 230.206 CURRENT ASSETS Loan Rffeivablc 12.772 383 24,777 13.772 276 26.190 C&9h &tBank 37932 g: CURREKI LIAIIILITIFS LoaD Payable Crcdits>rn arnO￿ts le8s thall ODeye 11.040 11040 29.327 28.198 14$: LONG TERM LIABILITIES Luau Payable 11,772 12,772 LYET ASSE15 263,979 245.632 TNANCEIJ BY: 2tXJ.326 187247 34993 292LO C￿l￿al MaiThlenan¢e 18.0 19.935 10.570 9334 263,979 245,632 Approvwj by theTru•tv••ftht Ejlen Bllrmo Charlt•bk Trnst ￿ 13tb 2124. BARNES CHARrrABiF. YEAR TO 31STDE fBE 20 NOTLS TO TAE FLYANCIALSTATLVdENTS UST I.ACCOUNllNG POUCIES Basis ofAco)unliJJ i cenwll f￿￿3 ass￿. ThefinBDcid Sttsliti8 which iitl*fun¢tioDolourewofth¢cntity. Monetwy ere r(￿￿ded tr) th¢ o¢atYsl Practi¢eapplirable to cJwiti¢5prwin8ththr accounts in •¢cordance with th¢FInwKi￿ liejxvtingstandwd applic&bl¢ in th¢UK 8TKi Republic 0SJK¢]attd (FRS IW21 iticI￿AInsurA&1Q BuUeliD I ICknAties SORP IFRS 1021. th¢Fin￿181R￿rtinF Stajmlard applicabl¢ th¢UK RtyubliG of Ir¢l8nd (FRS 10218ftd thccharittes, Act 2011 and iJKO¢aerally Acwttsj A¢¢oulltingPractic The Ejleu Barn¢s ChdritableTnJsl meots thedefittitK)D of a publi¢ bwJ¥ffte4rtity FRS 101 Th61nwu have ¥tsseswJ Whe￿￿t￿¢￿￿Or thegoin8¢oJ)¢¥n bL8i8 i$4roropriit¢and h4VtMLsidttsJpu58ible events orcondiii¢rtL itKluding the wxtof th¢ ¢Oron8vin￿P8￿i¢ on the EltenBBnW ￿￿ltsb]e T￿l￿o￿e& kl￿dil￿r< that mi8bt¢ag1 Si8ttifieatti doubLIM ¢bcabllityof tho Ellth BarnB5 Charilabl¢Tn￿ to ¢onlinlle a5 a going LYmcrL Th¢trusr¢uhave nwLethi$ a$5￿[[le[it fv 4wiod of at ka5tvDryeHr from the d4tgof 8pprovalof the fjDarL¢ia] SFhthncni$. AfterThzkinga4uirsrs thttrualxs h4Ve C4)niludrd thatthett is a exp¢¢wioJJ thai theElleDBsunes ChAritabh TruS¢h￿ ad4uat¢TWWE¢8 to cootinua xn prep8ying its fiDancial ststemenl& JnveMmtsrt& Javewll¢Lts ¥J¢a foTm of &bJ8i¢ fW¥Jj¢i￿ in81r(uJxotttatsd ar¢ ￿lI1#llY Jw)VJi8tyJ Bt theirtMns&ction v•hw*nd 5ubsquwllyJne4gur•J 8t iknir fairvducal theba]aDce sPJert 6atBU5ing tby¢lts*i qU￿￿t Th¢StsteaMI of FiD8n¢ial Athitit8 lots1￿tE thos¢ unr¢J]isedgaill5 aod arisinghvrnthe r¢valuationof theiovestsnenl wrthliodyrtn8theye4raThd doesTh)tdi5tiJJ8ui¥bb#w¢¢n tbt ivwioj adiuswtt￿t$￿Iatiry%T0 sales th08er¢J&titi8tt> knldiny 75 &Rtogcthu treat¥J a5 in th¢Val￿Or the invcstmclllportfolio. TnVutD￿E itteotne is accounid for on *￿e1vabLe tosi& worAty its0ty￿1Ives. Unr*trictht Fw th¢dits4ioDofthetru8t¢w. forty•io furthérnuof lknobieEtiveof theEller1Bwll￿ CbaTitableTrwL Ell¢n BatLe8Ch8fit8bleTh THE ELLEN BAILYES CHARITABLE yxusr YEAR TO 31ST DECEMBER2023 ￿(￿￿TO_THE FINANCIAL sfATEMENTS- Icull(iknuedJ 2023 2022 Cb•rit*bk*¢tl%'ltle8 Pro￿￿5(￿ll of Aknbouse & thtreacb icttwltl Rep8lr8 and llthte￿tht¢ Cycliral Rqjairs Btjd Mainien8nee- uttrekn Electiicity Wattrcharges Charges Sundrie8 Agene8 F￿8 IMorri8Marsball & PoJlc} Iksur8t Deprwilllion Tothl tharlt*bleattlvltks 5.417 595 8,493 413 268 256 SD 1.680 1,452 6,89Y) 19.134 1.680 1.246 7.552 16.889 GoVerJw￿Ce tay¢$ AJmsh¢)u8e Aswci4¢ion SUb￿1p110n 187 292 254 Data Prottthn Fc Se¢Tetsrial Fees. CTWnPton Pym & Acc4AJThtsW Fec6. Ofirner Pugh SinGloir InK4th1¢nt MuTh*geJlleJktFees- Alro￿￿ Shipley 2.400 2.340 600 5.859 1,7LM 6(M) 5.194 Don•ll¢A Grants & s￿thy don&tion5 Totsl Kxp¢ndhJt¢ 582 la665 25.093 LE ASSETS Tot•1 As at Is¢ Janu8ry 2023 Addition5 A6 at31¥t D￿be121y23 325 49.301 102 59401 49.626 102OD S9126 325 A& at lstJallwry 2023 Clborye for theyt4r 31rt Dxanber 2W23 21.739 7,552 29391 21,739 7,552 29391 NetBookV•lu• A¥ At 3 I5[D￿j￿# 2¢123 335 31210 S35 A* 8¢ 31st Lk¢<￿btr2o22 325 27,562 2?￿87 MwketVDhLC OJiOlll023 MaTkrt V 311 Mth V8] Browrj Sbiplcy cyt11c￿ MAlotwaD NS&I 173.ISO I,otA) 13,679 187.229 19,935 155 Xxtr& Orthiry Rep￿r￿n￿ CCLA 180 I,lJ6 IOJ70 T(rt81 lovtJtrnen(• 202.JIg 155 1<835 21S.18 iLLEh' BAPJITS CHAIiTTAMLE TRUST YEAR TO 31ST DLCEMBER 2023 NOTES TO THK FINAI¥CIAL ST&TEMENTS- IWltiJJuedJ S. LOAN RECKIVABLE Amount* 3111212023 oi/oin023 EDdDWC4J Fwld l3,772 12.7T2 LOAN PAYABL Arnount as at QIIOIK2023 3111Y2023 23.772 1,00 12,772 7. PERMLNEKf ENDOWMENfFUND Asai 1st Junuary 2023 N&MoVg￿t in fi2nds A5 tt315t DeCe￿lJEr2o23 187247 13.079 2th132fj Th¢ iovthtsar¢ all h¢ld io tharity sp¢¢1fi¢W￿l8cd fvrLd8 wbiL* Jr¢li81&1 on theifK $￿k EJL As 81181 JA]tllory 2023 iD fvDds A5 at 31at DcL￿b￿2tr23 29216 5.777 9. DL8IGNATED FLTr4DS CytMeAI MaID¢E4￿1¢0 Asat 1st Jaouw 2023 Net in fiu A5 * 31st De¢tsllbtr2023 19,935 1,8451 18,09• TheCyclit¥l M8intrnoDc* Fund 1$ to t4Mblethe Chwity torn¢t itsduty to aodAyir itswoFffj ift a£* {1.4&2) (39213) (40J93) 2&867 286.02S nd bthDtÉ* ttrrfed forward ￿311t Detembèr 2022 29216 29,169 1*1347 245￿32 THE ILLEW BARNES CHAHJTABLE TRUST YEAR TO 31ST DECEF+lBER 2023 THIS PAGEDOES NOT TrX)RM PART QF THE YThANCJaLsfAT£MENTr 31112Q022 31112r2023 21792 contrilmionsftO￿ te4wits ￿1.6 Quin&Molow8 23,193 8,493 413 RtyaiA and Mainknan E]e¢tricity Note I 5.417 595 256 Btnk Charx ST￿￿11¢8 Agcn¢BFtt8 Worri$MaTsha]l & Poo]tl I&￿tenCe 19.234 Dtyrtciatiix) 3.558 268 131 1,080 1,452 6,890 7,552 16.889 6,304 178 Ejxtiicai 480 782 558 (kncAJ &laiDtUJAnce 138 3,828 Building Rrpws 3 J95 MwntenoDce Grouttd8 8,493 3?93 5,417