2024-12-31-accounts - The Poors Estate And Apprenticing Charity

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THE WROXALL CHARITY

Minutes of the Meeting held 19[th] November 2024

Wren Hall 7.30 pm

Present: Jimmy Millard (Chair) (JM) Tom Linstead (TL) Jane Williams (JW) Gill Harris (Secretary) Apologies Rob Evans (RE) Rupert Parkin (RP)

1. Minutes

The minutes of the last meeting (22[nd] May 2024) were agreed as correct.

2. Matters arising

JM confirmed that sadly Tom Truelove had died . A mechanism had not been found prior to his death for payment of a grant from the Chairty from 2023. It was suggested and agreed that an offer would be made to the family of a contribution by the Charity of £500 towards a headstone. JM to approach family

3. Property updates

Greenacres

GH reported that Margetts had indicated that the tenancy is due for renewal and the Charity has two options, either to allow it to roll over on current terms or to enter into a new agreement. The Trustees agreed that as the tenant had undergone a rent review last November, it should roll over for a year with a review in November 2025. GH to confirm to Margetts

It subsequently transpired that as it is deemed to be a company let, the roll over option is not permitted. An error on Margetts’ part. It was therefore agreed that a new agreement would be issued at the same rent, and a review in November 2025.

GH to check position with regard to the properties’ EPCs.

Result: Greeenacres runs to 2025, The Cottage expired in 2023.

Insurances

GH had renewed the insurances and invited the trustees to note that Mrs Binleys’ cottage is not insured against subsidence in light of the previous claim. The Trustees accepted this as inevitable.

4. Financial overview

a. The Trustees were informed that the Charity has liquid assets of :

CCLA £84,919.54

Lloyds £43,089.55

Re CCLA – the last investment was in 2019. It was agreed that a transfer would be made from Lloyds to CCLA, perhaps £25k or if notice is more than 30 days, £15k. JM to action.

b. GH reported that she had arranged the closure of the Coventry Building Society account and the transfer of the balance of £281 to the Lloyds account. Confirmation is awaited.
c. TL suggested that in the light of the financial wellbeing of the Charity grants could be at a higher rate, for example Lavinia Ellis. The Chairman did not agree.

5. Christmas Grants

It was agreed that the fuel grants should remain at the same level as last year, £1000. There are 9 eligible residents of Wroxall.

It was agreed that the shoe grant for children should be raised to £250 and the book voucher remain at £100.

There are two less children eligible this year as the residents of 6 School Cottages had left. The new residents at 4 and 6 School Cottages are not yet eligible. Thus there are 7 grants.

The Secretary’s Honorarium was agreed at the same level as last year.

6. AOB

a. Rob Evans had tendered his resignation with immediate effect. Another Trustee would need to be found to ensure that the meetings are quorate.JM suggested Chris Wilford, seconded by the two other Trustees present. JM will invite him.

7. Next Meeting

The date of the next meeting was suggested as 7[th] , 8[th] , 9[th] , 15[th] or 16[th] April 2025. GH to book Wren Hall and advise.

The meeting closed at 9.00 pm

Trustees of the Poor's Estate and Apprenticing Charity Known as "The Wroxall Charity" Receipts and Payments Account And Independent Examiners Report Year ended: 31st December 2024 Charity no: 221149 Roger Edtnond5 FCA ChArtered .4cfountAnt 18 Br2dlev Croft Ba15AII C.omrnon C.ovtn¢ry CV7 7PZ

The Poor'$ F.51aitaDd Appr¢ntiriv¥ CbRrity Wrnull Cbarity ChArity mumbÈr221149 RtttiwiAd Pymtnts AccouTrt FOrtheyreNded 31 De£cThber2O24 UrÈwtri¢tyJ UnTtytFirtcd fund5 YeArfnded 31 12 2023 Vearended 31 12 2024 Rental irtcome COIF Invesimeni Fund dIdendS InteK¥t Recavwj CoMpens8iion Totil Rte¢ipts 26,835 2J13 22.557 2281 29.156 Pavrnents Insurdnce Agcnts ftts PropttyYenovaliDll & 5e¢rei8Nshtsnorknum AccDuntsncy ftts R( hire 745 2.193 36 4.254 36 4.993 Don41knl Shoe vouchers and Dontstions Fuel grsD Botsk iokens 1.350 1,500 13.550 12.71M) IBveithtmt COIF Inve5bnpw Fund Units Tot•1 17WA 17,693 Net Suryluslllkhckn¢yl 7275 C fundsprtVlOU5 >eueNJ Cg$h fundg this )areDd 16.868 14.143 35.495 Uoydsknk Cov¢ntsy B S 35217 278 23.873 270 3S4 24,143 Sied on beh8IfofthèThswes.

The Poor'$ Estate &ttd Appretttlelng Charity Wrox911 Ch8rity Charity nurnber 221149 Bs12nce Sheet A$ at 31 December 2024 3112 2024 31 12 2023 Fixed Assets Freehold Property 850,000 850,000 Investments COIF Investment Fund 84,966 83,089 Currtnt Assets Coveniry Building Society Lloyds Bank 278 35.217 270 23,873 35.495 24,143 TOTAL ASSETS 970,461 957.232 Accumulated Fund Balance brought forward Revenue surplus Idefi¢itl for the year Increase Idecreasel in investments Increase in property valuatio 957.232 11,352 1,877 942.964 7.275 6,993 970.461 957.232

The Poor's Estate and Apprentieing Charity Wroxall Charity Charity number 221149 Notes to the accounts For the year ended 31 Deeember 2024 l Basis of preparation of financial statements. The financial statements have been prepared under the historical cost convention with the exception of freehold properties and investments which are at market value, and are in accordance with the Charities Accounting Statemenl of Recommended Practice (SORP).. AOUnting and Reporting by charitfftes issued in March 2005. The accounts have been pepared on a "cash" basis which means no provision has been made for accrued liabilities. 2 Freehold properties The trustees are of the opinion that the market value of the freehold properties is £850,000. 3 Investments The investh]ents are valued at market value on 31 st December 2024

Independent Examlnerfs Report to the Trustees of the Poors Estste and Apprenticing Charity Known a$"The Wroxall Charw, Thi8 rekX)rt on the finala1 statements of Ihe'wroxall Charity. for the year ended 3151 Decemter 2024 is in restect of an examination canied out in ¥o)rdance wth the SectK)n 43 01 the Charities Act 1993 (Ihe Acr}. Respectlve Responslbllmles of Trusteès and Examlner As TNstees you are stJnSib1e for the preparatKJn ol the financial statements. You consider that the audit requirement ol the Regulations and Section 43121 of the Act does not apply. It is my responsibilty to issue this rewrt on those financial statements in w)rdance wlh the teryns of the Regulations. Ba$ls of Independent Examlner's Report My examination was carried out in accordanGe with the Genetal Dirè¢tions given by the Charity Cornmission under Section 4317llbl of the Act. That examinalK)n includes a review of the arLounting records kept by the Trusts and a comparison of the accounts with those records. 11 also includes considering any unusual items ar disclosures in the financial statements and kIng explanations from you &s Trustees conceming any such matters. The prrKedures undertaken do not promde all the evidence that would be required in an audit, and consequenuy I do 1 èXPTess an audit opinion on tt view given by the &counts. Independent Examlners, Statsment In connectknn wlh my examination, no matter has come to my attention . {11 which gives me 3$Onable Cause to believe that in any rnaterial resFecl the requirements {al to keep accounting records in accordance vhth Section 41 of the Act,. and Ibl lo prepa financial stslernents, whh ¥¢otd IMth the &¢ounling rewrds and o)mply with the requirements of the Act and the Regulations have not teen mel., or 121 lo which, in my opinKsn, attention Shou be drawn in order to enable a proper understanding of the accounts lo Teached. Dale..: 16 July 2025 Roger Edmonds FCA