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2024-12-31-accounts

Charity number: 217929

THE BARTON UNDER NEEDWOOD & DUNSTALL KEY TRUST TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

THE BARTON UNDER NEEDWOOD & DUNSTALL KEY TRUST CONTENTS

Page
Trustees' Report
Reference and administration details of the charity, its trustees and advisors 1
Trustees report 2-3
Financial Statements
Independent Examiner's report to the Trustees 4
Statement of financial activities 5
Balance sheet 6
Notes to the financial statements 7-8

THE BARTON UNDER NEEDWOOD & DUNSTALL KEY TRUST

REFERENCE AND ADMINISTRATIVE DETAILS OF THE TRUST ITS TRUSTEES AND ADVISORS

Name of charity

The Barton Under Needwood & Dunstall Key Trust

Registered charity number

217929

Address for correspondence

Mrs Lorraine Brant Clerk to the Trustees 4 Hardy Close Barton under Needwood Burton on Trent Staffordshire DE13 8HG

Trustees

Cllr Mrs Jacquiline Jones (Chairman) Mrs Julie Skinner (resigned May 2024) Mrs Samantha Cowgill Miss Suzanne Van Daesdonk Dr David Okoye Rev. Andy Simpson Cllr Mr John Moffat Mr Jonathan Cunningham Mr Ray Holder Mr Ed Sharkey Mr Brian Mole

Accountants

Nuvo Accountancy Limited 7 Faraday Court First Avenue Burton upon Trent Staffordshire DE14 2WX

Independent examiner

Nuvo Accountancy Limited 7 Faraday Court First Avenue Burton upon Trent Staffordshire DE14 2WX

Bankers

CAF Bank Ltd 25 Kings Hill Avenue West Malling Kent ME19 4JQ

1

THE BARTON UNDER NEEDWOOD & DUNSTALL KEY TRUST

TRUSTEES' REPORT

The trustees are pleased to present their report and the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Effective 1 January 2015) - (Chairties SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006, in preparing the annual report and financial statements of the charity.

Aims and Purposes

The aims of the Barton under Needwood & Dunstall Key Trust ('the Trust') are to distribute the income derived from investments, including rent from land, in accordance with the Trust Deed, whilst maintaining adequate reserves in line with future planned commitments.

Objectives and Activities

The objects of the Trust are to meet the needs of the residents in the area of benefit as laid down in the Trust Deed, including:

contributing to the upkeep and maintenance of the Parish Church in Barton under Needwood,

relief of persons who are in need, hardship or distress, and

for the general benefit in such charitable ways as the trustees think fit

Achievement and Performance

With our Trustees wide ranging knowledge of our community, commercial acumen and experience of managing charitable organisations we are well placed to continue the development and successful operation of the Trust. I thank my fellow trustees and our Clerk, Lorraine Brant for their support. Without their dedication and hard work to this Trust it would not be such a successful contributor to the community and residents in Barton & Dunstall.

Finance & Investments

We remain content with the service and performance of Investec, our investment managers, but will continue reviewing their appointment to ensure that the trust is well served . Our allotments continue to be well occupied. Aggregate Industries are providing regular royalty payments into the capital of the Trust through the Community Fund Agreement and this is now providing additional income to the Trust for investment to support local beneficiaries as defined by our Trust Deed.

Total administration costs were 5.0% (2023 5.0%) of net investment income (excluding Investec management fees).

Grants

Once again, we have been able to support many local organisations with funds to help them deliver benefits for our community. We continued with our support of St James’ Bells project and along with many were pleased to hear the bells ringing out again. We were pleased to be able to help the Methodist Church with a digital Hymnal for their regular services. Throughout the year Dunstall Cricket Club improved their boundary fence, Thomas Russell Infants improved their soft play area, and Barton Bowls Club repaired their leaking roof, all with support from The Key Trust. We contributed to the Barton Festival and Family Fete and helped the Lions with their Christmas Party. Our Christmas Vouchers helped many residents at a difficult time of year, and we were well supported by many local traders who display our posters and accept our vouchers. We helped Girlguides with their busy, worthwhile trips abroad and continue to support students with the World Challenge.

The Key Trust is proud to regularly support annual award schemes in all three of the Barton under Needwood schools. We continue to be grateful to Aggregate Industries for their support through regular Community Fund donations.

2

THE BARTON UNDER NEEDWOOD & DUNSTALL KEY TRUST

TRUSTEES' REPORT

Marketing

The Trust is grateful to The Chime for their continued support throughout the year. This year, Trustee Sue van Daesdonk took on the responsibility for marketing and submitting articles to the Chime and we are grateful for her diligence in this. Our website (www.bartondunstallkeytrust.co.uk) has details of grants awarded, information and forms on how to apply, dates of meetings and other information.

Personnel

In the last year Julie Skinner retired as a Trustee after twelve years dedicated support. For many years Julie has been responsible for the marketing of the Trust and for keeping The Chime up to date with details of our grants awarded . We all appreciated her many memorable headlines and photos. I personally am grateful and thank her for taking on this task and doing it so well and I want to record my thanks to all my fellow Trustees and clerk, Lorraine Brant, for their support and work over the last year. It is a privilege and a pleasure to work with the Trust and all Trustees. We look forward to continuing and expanding the work of the Trust for the benefit of our local community.

Public Benefit Requirement

The Trustees feel that the performance in the year demonstrates that the Trust continues to meet the Public Benefit criteria whilst complying with the Trust Deed.

Approved by the Trustees on and signed on their behalf by Mrs J Jones, Chairman.

Mrs J Jones

Chairman

3

THE BARTON UNDER NEEDWOOD & DUNSTALL KEY TRUST

Independent Examiner's report to the Trustees of the Barton under Needwood and Dunstall Key Trust

I report on the accounts of Barton under Needwood and Dunstall Key Trust for the year ended 31 December 2024 which are set out on pages 5 to 8.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 ("the Charities Act") and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s statement

My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention

  1. Which gives me reasonable cause to believe that in, any material respect, the requirements:

  2. to keep accounting records in accordance with section 130 of the Charities Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or

  4. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Lee Frost FCCA for and on behalf of Nuvo Accountancy Limited Accountants and Statutory Auditors

7 Faraday Court First Avenue Burton upon Trent Staffordshire DE14 2WX

4

THE BARTON UNDER NEEDWOOD & DUNSTALL KEY TRUST

STATEMENT OF FINANCIAL ACTIVITIES (including receipts and payments account) for the year ended 31 December 2024

for the year ended 31 December 2024
Notes
RECEIPTS
1
Voluntary income
Donations and legacies
Investment income
Dividends (gross)
Rent
Royalties
Interest
TOTAL RECEIPTS
Vouchers
Grants
Grants expired
St James
Payments for expenses
Clerk's fees
Printing, postage and stationery
Meeting costs
Accountancy fees
Subscriptions
Repairs
Professional and Investment Management Fees
Marketing and advertising
Sundries
TOTAL PAYMENTS
PAYMENTS FOR ASSETS AND INVESTMENTS
Payment into investment
Investment fees paid from investment funds
(Increase)/decrease in debtor balances
Increase/(decrease) in creditor balances
Net increase in cash for the year
Cash balances brought forward
CASH BALANCES CARRIED FORWARD		 Total
funds
2024
£
3,000
68,985
1,745
48,257
1,329
120,316
123,316
6,640
37,256
-
5,290
2,277
379
-
480
69
-
17,733
387
316
70,827
(44,592)
17,733
8,989
(3,328)
(21,198)
31,291
12,505
43,796		 Total
funds
2023
£
-
50,443
1,697
48,875
562
101,577
101,577
7,180
73,096
2,175
5,021
2,338
49
50
468
71
-
17,002
531
230
108,211
(50,355)
17,002
1,604
21,175
(10,574)
(17,115)
29,620
12,505

5

THE BARTON UNDER NEEDWOOD & DUNSTALL KEY TRUST

STATEMENT OF ASSETS AND LIABILITIES as at 31 December 2024

Notes
FIXED ASSETS
Tangible assets
3
Investments
4
CURRENT ASSETS
Debtors
Cash at bank and in hand
CREDITORS: amounts falling
due within one year
NET CURRENT ASSETS
TOTAL ASSETS LESS
CURRENT LIABILITIES
NET ASSETS
CHARITY FUNDS
Unrestricted funds
TOTAL FUNDS
5		 2024
£
80,000
2,336,157
12,537
43,796
56,333
(24,207)
32,126
2,448,283
2,448,283
2,448,283
2,448,283		 2023
£
80,000
2,181,696
21,526
12,505
34,031
(27,535)
6,496
2,268,192
2,268,192
2,268,192
2,268,192		 2023
£
80,000
2,181,696
21,526
12,505
34,031
(27,535)
6,496
2,268,192
2,268,192
2,268,192
2,268,192
2,268,192
2,268,192
2,268,192
2,268,192

The financial statements were approved by Trustees on and signed on their behalf, by:

.......................................................... Mrs J Jones Chairman

6

THE BARTON UNDER NEEDWOOD & DUNSTALL KEY TRUST

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2024

1 ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

The Barton Under Needwood & Dunstall Key Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historial cost or transactions value unless otherwise stated in the relevent accounting policy.

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the committee in furtherance of the general objectives of the company and which have not been designated for other purposes.

There are no restricted funds in the year.

Incoming resources

All incoming resources are included in the statement of financial activities in the period to which they relate.

Resources expended

Expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs .

Going concern

The Trustees have considered the requirements of the company for a period of 12 months from the date of the approval of these financial statements.

2 TRUSTEES' REMUNERATION & EXPENSES

No remuneration was paid or is payable for the year out of the funds of the Centre, either directly or indirectly, to any trustee or to any person known to be connected to any trustee in respect of the year ended 31 December 2024 (2023: nil)

No reimbursement of expenses has been paid or is due to be paid to any of the trustees in respect of the year ended 31 December 2024 (2023: nil)

3 TANGIBLE FIXED ASSETS

Cost
At 1 January 2024
At 31 December 2024
Depreciation
At 1 January 2024
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023		 Land
£
80,000
80,000
-
-
80,000
80,000		 Total
£
80,000
80,000
-
-
80,000
80,000

7

THE BARTON UNDER NEEDWOOD & DUNSTALL KEY TRUST

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2024

4 INVESTMENTS

Cost
At 1 January 2024
Additions
Fees deducted
Market value increase/(decrease)
At 31 December 2024
Other investments
Listed investments
Listed investments at market value		 Other
investments
£
2,181,696
44,592
(17,733)
127,602
2,336,157
2024
£
2,336,157
2,336,157		 Total
£
2,181,696
44,592
(17,733)
129,113
2,337,668
2023
£
2,181,696
2,181,696

5 FUNDS

Unrestricted funds
At 1 January 2024
Receipts
Payments
Increase/(decrease) in investment value
At 31 December 2024		 123,316
(70,827)		 General funds
£
2,268,192
52,489
127,602
2,448,283

8