GREAT BARR CHURCH LANDS TRUST Registered Charity Number.. 220030 FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 Dabns Audit Ltd Chartered Accountants St Johns Court Wiltell Road Lichf4eld Staffordshire WS14 9DS GREAT BARR CHURCH LANDS TRUST INDEX TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 PAGE Annual Report Independent Examiners Report Statement of Financial Activities Balance Sheet Notes lo the Accounts 74 GREAT BARR CHURCH LANDS TRUST ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Reference and admlnistrative informatlon Trustees: The Charity Iruslees who served dL*ring the year are.. P Clark Chairman Mrs J Aubrook M D Hardy M S J Howell D J Large D M Milne Dr J F Milne C S Prilrhard Ex officio Ex officio C04)ptalive Co-optative C04)ptalive Co-optative Co-optative co￿Ptative Principal Address.. Mr C J Spruce The Clerk lo the Trustees 12 Pery Avenue Streelhay Lichfield Staffs WS13 IIFW Reglstered Charity Number- 220030 Principal Bankers: Lloyds Bank plc The Brl(Ige Vvalsall Independent Examiner.. Mark Gurney FCCA. DChA of Dains Audit Ltd Chartered Accountants si Johns Court Wiltell Road Lichfield staffs WS14 9DS Solicitors: Ansons Solicitors Ltd St Marys Chambers Breadmarket Street Lichfield Stsffs WS13 6LQ Page 1 GREAT BARR CHURCH LANDS TRUST AN￿'uAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 {ContiDued) Report of the Trustees for the year ended 31 December 2024 The Iruslees present their report along with the finan¢ial statements of the Charity for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies sel out in note I to the a¢coullts and comply with thc Charity Commission S¢heme, the Charities Act 2011 and 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 effective l January 2019. Strueture, Governance and Management Great Barr Chur¢h Lands Trust was founded in 1891 and is now govcrned by a Charity Commission Scheme dated 13 November 1891 as varied by a scheme dated 30 March 1966. The trustees are lo use the income of ihe irust for thtt iii¢iLiagrJiicnt of the land and property held by the trust and to respond to requests to assist with the maintenan¢e and n]nning of St. Margaret's Church and graveyard. The trustees may also accumulate any income for future nccd. Msnagement and Governance The Scheme provide5 for thc appointn]ent of nine trustees, three ex-officio and six co- optative. The ex-officio trustees are the vicar and churchwardens of St Margaret's P.C.C Great Barr. New co-optalive trustees are identified from people residing or carying on business in or near Great Barr who have the necessary skills and irLLrrrst aiid arc appoint¢d by the remaining trustees. Co-oplative trustees are appointed for life. The indu¢tion process for any newly appointed trustee comprises an initial meeting with the Boai.d of Tru.ètee8, at which a pack is pmvided. This in¢ludes a copy of the governing docutnenl, a copy of the mosl recent annual report and accounts. copy minutes of previous Irustecs, meetings and a copy of the Charity Commission guidance 'The Essential Trustee,. The trustees norn]ally meet four times a year to consider the charity's affairs, including investmcnls, reserves and risk management policies and perfortnanLV. Tli¢ day to day athninistration of the charity is delcgated to ihe Clcrk. Risk Review Thc tru$tCC8 have examined the major internal and external risks which the Charity faces and confinn that 5ySt¢ms have been established to minimise these risks. Achievements and Performance During ihe year grants toialling £16,179 were made to St Margaret's Church, in response to sP￿tfIe requests from the P.C.C. PaBc2 GREAT BARR CHURCH LANDS TRUST ANNI UAL REPORT FOR THE YEAR EYDED 31 DECEMBER 2024 (Continued) FinaDcial Review Total funds of the charity at 31 December 2024 amounted to £1,000,569 and comprised pem)ancnl endowinenl £90,242 and unrestrieted reserves of £910,327. The tNstees respond to specific requests from the P.C.C. and aim to spend the nel income arising when averaged over a 5 year period. The investrnent portfolio is invested to achieve a balanced rdurn from income and capital growth by accepting a moderate level of risk over a long-lerni time liorizon. The portfolio is subject to ethical restrActions_ The pnrtfnlio acliieved a total return of 8.780/0 over thc year as compared with 6.6/9 in the ARC Sterling Balanced Asset ARC CEwilies index. The perfonnance of the portfolio is monitored on a regular basis by the trustees. Public Benefit The Trllstees confirni thal they have referred to the guidancc LUTLl