____________________________________ ## **Barnard Kenneth Hufton Charity** Report and Financial Statements ___________________________________ ♦♦Year ended 31 March 2021♦♦_ ____________________________________ Charity No : 222994 ## **BARNARD KENNETH HUFTON CHARITY** ## **_____________________________________________________________________________** ## **CONTENTS** **Page** Report of the trustees 1 - 2 Report of the independent examiner 3 Receipts and payments account 4 Statement of assets and liabilities Notes to the financial statements 5 6 – 8 ## _____________________________________________________________________________ **BARNARD KENNETH HUFTON CHARITY** ## **_____________________________________________________________________________** ## **REPORT OF THE TRUSTEES** The Trustees are pleased to present their report on the activities of the charity for the year ended 31 March 2021. ## **Objects** The will of Mr. B. K. Hufton established this fund to be held on trust exclusively for the furtherance of such charitable purposes, charitable institutions or foundations in such proportions as the Trustees shall, in their discretion, determine. ## **Activities** The Trustees meet regularly to review the performance of the investment portfolio, which is maintained on an advisory basis, by Redmayne Bentley and to consider any requests that may have been received from various sources for assistance or donations. The Trustees also monitor the overhead expenses to ensure that they are kept to a minimum. At 31 March 2021 the total assets of the charity stood at £3,748,206 which is a decrease of £15,943 over the position at 31 March 2020 (£3,764,149). The charities principal source of income for this has been dividends and interest received of £85,324 (2020 - £182,295). No other income was received. The charity made donations amounting to £40,300 in the year (2020 - £159,891). ## **Trustees** The Trustees who served throughout the year were : Mr. J. A. V. Blackham Mrs. C. Blackham **Principal Office** Treholford Cathedine Brecon LD3 7SZ **Principal Officers** Solicitors Taylors, Mercury House, 1 Mason Road, Headless Cross, Redditch, Worcs. B97 5DA Bankers NatWest, 27 High Street, Brecon, Powys Accountants PPW Limited, Clarendon House, 14 St. Andrews Street, Droitwich, Worcs. WR9 8DY _____________________________________________________________________________ 1 **_____________________________________________________________________________** ## **BARNARD KENNETH HUFTON CHARITY** ## **Statement of Trustees’ Responsibilities** The charity Trustees are responsible for preparing an annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the charity Trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of the charity for that period. In preparing the financial statements, the trustees are required to : select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to any material departures and explained in the financial statements; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy, at any time, the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees for the purposes of charity law who served during the year and up to the date of this report are set out above. Approved by the trustees on and signed on their behalf by : ………………………………. Trustee Registered Charity Number 222994 2 _____________________________________________________________________________ ## **BARNARD KENNETH HUFTON CHARITY** ## **_____________________________________________________________________________** ## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF BARNARD KENNETH HUFTON CHARITY** I report on the accounts of the Trust for the year ended 31 March 2021, which are set out on pages 4 and 5. 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(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to : examine the accounts under section 145 of the 2011 Act; to follow the procedures laid down in the general directions given by Charity Commission under section 145(5)(b) of the 2011 Act; and to state whether particular matters have come to my attention. Basis of independent examiner’s report My examination was carried out in accordance with the 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 you as 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 : to keep accounting records in accordance with section 130 of the 2011 Act; and 3 to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or - (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Name : P. Tivey Chartered Accountant _____________________________________________________________________________ ## **BARNARD KENNETH HUFTON CHARITY** ## **_____________________________________________________________________________** ## **RECEIPTS AND PAYMENTS ACCOUNT Unrestricted Fund For the year ended 31 March 2021** |Note|2021|2020| |---|---|---| ||£|£| |||| |**Income**||| |||| |Gross Income receipts
2|85,324|182,295| |||| |Dividends re invested|(11,749)|(20,310)| ||_________|________| |Net receipts|73,575|161,985| |||| ||_________|_________| |Total receipts|85,324|182,295| |||| ||_________|_________| |**Payments**||| |||| |Charitable donations
3|40,300|159,891| |||| |Governance costs
4|30,917|38,094| ||_________|_________| |Total payments|71,217|197,985| |||| ||_________|_________| |||| |||| 4 _____________________________________________________________________________ ## **BARNARD KENNETH HUFTON CHARITY** ## **_____________________________________________________________________________** ## **STATEMENT OF ASSETS AND LIABILITIES Unrestricted At 31 March 2021** |**STATEMENT OF ASSETS AND LIABILITIES**
**Unrestricted**
**At 31 March 2021**|**STATEMENT OF ASSETS AND LIABILITIES**
**Unrestricted**
**At 31 March 2021**|**STATEMENT OF ASSETS AND LIABILITIES**
**Unrestricted**
**At 31 March 2021**| |---|---|---| |Note
2021
2020||| |£
£||| |||| |**Monetary assets**||| |||| |**Bank balances**||| |Bank deposit account
207,198
167,130||| |Bank current account
17,678
33,232||| |Redmayne Bentley
43,692
151,293||| |||| |**Fixed assets**||| |Investments
5
3,288,366
3,201,222||| |Freehold land
5
211,272
211,272||| |_________
________||| |Net assets
3,768,206
3,764,149||| |||| ||_________|_________| |Fund – unrestricted
3,768,206
3,764,149||| |||| Approved by the trustees on and signed on their behalf by : J. A. V. BLACKHAM _____________________________________________________________________________ 5 ## **BARNARD KENNETH HUFTON CHARITY** ## **_____________________________________________________________________________** ## **NOTES TO THE FINANCIAL STATEMENTS 31 March 2021** ## **1. ACCOUNTING POLICIES** ## **Basis of accounting** The financial statements have been prepared under the historical cost convention and in accordance with the Statement of recommended Practice: Accounting and reporting by charities (SORP 2005) issued in March 2005 and applicable UK Accounting Standards and the charities Act 2011. ## **Incoming resources** Dividend income is accounted for when received. Interest receivable is included when earned. Donations from other charitable trusts are accounted for when received. ## **Resources expended** Grants for charitable purposes are accounted for when approved and paid by the Trustees. ## **Governance costs** Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to professional fees together with overhead and support costs. ## **Gains and losses on investments** All gains and losses are accounted for as they arise. ## **2. INVESTMENT INCOME** |**INVESTMENT INCOME**||| |---|---|---| ||2021|2020| ||£|£| |||| |Dividends on listed securities and
interest|85,324|182,295| |||| 6 ## **3. DIRECT CHARITABLE EXPENDITURE** |**DIRECT CHARITABLE EXPENDITURE**||| |---|---|---| ||2021|2020| ||£|£| |||| |Grants to charitable causes|40,300|159,891| |||| ||________|________| During the year the charity made forty grants to a wide range of organisations, the largest donations were both £1,500 for the Interact Support Group and Sense. In 2020 the largest single grant was to Bedstone College Foundation for £118,300. _____________________________________________________________________________ ## **BARNARD KENNETH HUFTON CHARITY** ## **_____________________________________________________________________________** ## **NOTES TO THE FINANCIAL STATEMENTS 31 March 2021 (continued)** ## **4. GOVERNANCE COSTS** |**GOVERNANCE COSTS**||| |---|---|---| ||2021|2020| ||£|£| |||| |Trustees’
incidental
expenses
(2
Trustees)|-|1.591| |Legal fees|7,200|8,165| |Professional fees|23,717|27,210| |Administration|-|1,128| ||________|________| ||30,917|38,094| |||| ||________|________| |No remuneration has been paid to the
Trustees||| ## **5. FIXED ASSETS** |**FIXED ASSETS**||| |---|---|---| ||2021|2020| ||£|£| |||| |Land - Brecon Sports Field
|211,272
|211,272| |||| ||________|________| |Investments (quoted) at cost||| |||| |At 1 April 2020
3,201,222
3,334,954||| |Additions
584,995
930,811||| |Disposals
(497,851)
(1,064,543)|Disposals
(497,851)
(1,064,543)|Disposals
(497,851)
(1,064,543)| |---|---|---| |________
________||| |||| |At 31 March 2021
3,288,366
3,201,222||| |||| ||________|________| |Market Value
5,710,262
3,882,747||| |||| ||________|________| _____________________________________________________________________________ 7