Barnard Kenneth Hufton Charity Report and Financial Statements •+Year ended 31 March 2023•• Charity No 222994 BARNARD KENNETH HUFTON CHARITY CONTENTS Page Report of the trustees Report of the independent examiner Receipts and payments account statement of assets and liabilities Notes to the financial slalemenls 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 2023. Objects The will of Mr. B. K. Hufton established this fund lo be held on trust exclusively for the fuilherance of such charitable purposes, charitable institutions or foundations in such proportions as the Trustees shall, in their discretion, determine. Activlties The Trustees meet regularly lo review the performance of the investment portfolio, which is maintained on an advisory basis, by Redmayne Bentley and lo consider any requests that may have been received from various SoUr￿S for assistance or donations. The Trustees also monitor the overhead expenses to ensure that they are kept to a minimum. At 31 March 2023 the lolal assets of the charity stood at £4,194,730 which is an increase of £86,083 over the position at 31 March 20221£4.108,6471. The charities principal source of income for this has been dividends and interest received of £116,82012022 - £117,755). No other income was received. The charity made donations amounting to £134,000 in the year12022 - £100,290). Trustees The Trustees who served throughout the year were Mr. J. A. V. Blackham Mrs. C. Blackham Prlnclpal Office Treholford Calhedine Brecon LD3 7SZ Principal Officers Solicitors Taylors, Mercury House, 1 Mason Road, Headless Cross, Reddit¢h, Worcs. B97 SDA Bankers Nalwesl, 27 High Street, Brecon, Powys Accountants PPW Limited, Clarendon House, 14 Sl. Andrews Street, DroIts￿lCh, Worcs. WR9 8DY BARNARD KENNETH HUFTON CHARITY Statement of Trustees, Responsibilities The charity Trustees are responsible for preparing an annual report and financial statemen15 in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounb"ng Praclicel. The law applicable to charities in England and Wales requires the charity Trustees to prepare financial slalemenls for each year which give a true and fair view of the slate of affairs of the charity and of the incoming resources and application of the charity for that period. In preparing the financial stalemenls, the truolees are required to.. select suitable accounting policies and then apply them consislenlly.. observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent., slate whether applicable accounting standards have been followed, subject to any material departures and explained in the financial stalemenls., prepare the fi'nancial slalements on the going concern basis unless il is inappropriate lo presume that the charity will continue in business. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy, at any lime, the financial position of the charity and lo enable them to ensuo that the financial statemènts comply with the Charities Act 2011 and the provisions of the trust deed. They are also responsible for safeguarding the assets ol 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 lo the date of this report are sel out above. Approved by the trustees on and signed on their behalf by Trustee Registered Charity Number 222994 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 2023, which are sel out on pages 4and5. Respecb've responsibilities of trustees and examiner The charity's trustees are responsible lor the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144121 ol the Charities Act 2011 (the 2011 Acll and that an independent examination is needed. It is my responsibility lo 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 14515llbl of the 2011 Act., and lo stale whether particular matters have come lo my attention. Basis of independent examinerfs report My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the aceounling records kept by the charity and a comparison of the accounts presented with those records. 11 also includes Consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such mallers. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as lo whether the accounts present a 'lrue and fair view, and the report is limited lo those matters sel out in the statement below. Independent examiner's slalement In connection with my examination, no maller has come to my attention 11} which gives me reasonable cause to believe that iii any material respect the requirements to keep accounting records in accordanTr with section 130 of the 2011 Act.. and lo prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met.. or {21 lo which, in my opinion, attention should be drawn in order lo enable a proper understanding of the accounts lo be reached. Name '. P. Tivey Chailered Accountant BARNARD KENNETH HUFTON CHARITY STATEMENT OF ASSETS AND LIABILITIES Unrestricted At 31 March 2023 Note 2023 2022 Monetary assets Bank balances 8ank deposit account Bank current account Redmayne Bentley 183,008 18,940 51,329 207,219 24,548 136,796 Fixed assets Investments Freehold land 3,730,181 211.272 3.528,812 211.272 Nel assets 4,194,730 4,108.647 Fund - unrestricted 4,194,730 4,108,647 Approved by the Iruslees on and signed on their behalf by J. A. V. BLACKHAM BARNARD KENNETH HUFTON CHARITY NOTES TO THE FINANCIAL STATEMENTS 31 March 2023 1. ACCOUNTING POLICIES Basis of accounting The financial slalemenls have been prepared under the hislorieal cost convention and in accordance with the Slalemenl of recommended Practice.. Accounting and reporting by charities ISORP 20051 issued in March 2005 and applicable UK Accounting Standards and the charib'es Act 2011. Incoming resources Dividend Income is accounted for when received. Interest receivable is included when earned. Donations from other charitsble trusts are accounted for when received. Resources expended Grants for charitable purposes are accounted for when appioved and paid by the Trustees. Governance costs Governance costs comprise all costs involving the public accountability of the charity and ils compliance with regulation and good practice. These costs include c051s 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 2023 2022 Dividends on listed securities and interest 116,820 117.755 3. DIRECT CHARITABLE EXPENDITURE 2023 2022 Grants lo charitable causes 134,000 100.290 During the year the charity made thirty six grants lo a wide range of organisations, the largest donations were £90,000 to Bedslone College Foundation. In 2022 the largest donations were £30,000 and £30,160 to Bedslone College Foundation. BARNARD KENNETH HUFTON CHARITY NOTES TO THE FINANCIAL STATEMENTS 31 March 2023 (continued) 4. GOVERNANCE COSTS 2023 2022 Trustees, incidental expenses12 Trustees) Legal fees Professional fees Adminislralion 630 7,200 27,895 1,487 7,500 27,450 35,725 36,437 No remuneration has been paid lo the Trustees 5. FIXED ASSETS 2023 2022 Land - Brecon Sports Field 211,272 211.272 Investments Iquoledl al cost Al 1 April 2022 Additions Disposals 3,528,812 521,162 1319.7931 3,288,366 1,051,410 1810,9641 At 31 March 2023 3,730,181 3,528,812 Market Value 4.874,157 S,804.967