Barnard Kenneth Hufton Charity Report and Financial Statements +• Year ended 31 March 20244• Charity No.. 222994 BARNARD KENNETH HUFTON CHARITY CONTENTS Page Report of the Iruslees Report of the independent examiner Receipts and payments account Statement of assets and liabilities Notes lo the financial slalemenls BARNARD KENNETH HUFTON CHARITY REPORT OF THE TRUSTEES The Trustees are pleased lo present their report on the activities of the charity for the year ended 31 March 2024. 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 proporb'ons 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 lo 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 lo a minimum. At 31 March 2024 the lolal 2ssels of the charity stood al £4,125,722 which is a decrease of £69.008 over the position al 31 March 20231£4,194,7301. The charity's principal source of income for this has been dividends and interest received of £g8,09012023 - £116,820). No other ineome was received. The charity made donations amounting lo £93,400 in the year {2023 ~ £134.0001. Trustees The Trustees who served throughout the year were.. Mr. J. A. V. Blackham Mrs. C. Blackham Principal Office Treholford Calhedine Brecon LD3 7SZ Principal Officers Solicitors Taylors, Mercury House, 1 Mason Road, Headless Cross. Redditch. Wor¢s. B97 5DA Bankers Natwesl, 27 High Street, Brecon, Powys Accounlanls PPW Limited, 10 St. Andrews Street, Droitwich, Worcestershire. WR9 8DY BARNARD KENNETH HUFTON CHARITY Approved by the Iruslees 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 to the Iruslees on my examination of the accounts of the Trust for the year ended 31 March 2024, which are sel out on pages 4 and 5. Responsibilities and basis of report As the charity Iruslees of the trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 Ilhe Act). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination. I have followed the applicabSe Directions given by the Charity Commission under section 145{5llbl of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come lo my attention in connection with the examination which gives me cause to believe that in, any material respect.. accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records I have no concerns and have Come across no other matters in connection with the examination lo which attention should be drawn in order lo enable a proper undèrstanding of the accounts to be reached. Name., P. Tivey FCA, FCCA 10 Sl Andrews Street Droitwich Worcestershire WR9 8DY BARNARD KENNETH HUFTON CHARITY RECEIPTS AND PAYMENTS ACCOUNT Unrestricted Fund Forthe year ended 31 March 2024 Note 2024 2023 Income Dividends on listed securities and interest 98,090 116,820 Investment Sales 665,389 458,781 Total receipts 763,479 575,601 Payments Charitable donations 93,400 134,000 Governance costs 31,212 35,725 Investment purchases 639.513 521,162 Total payments 764,125 690,887 Net reeeiptsllpaymenlsl 16461 1115,286) Cash balance al 01.04.23 253,277 368,563 Cash balance al 31,03 24 252,631 253,277 BARNARD KENNETH HUFTON CHARITY STATEMENT OF ASSETS AND LIABILITIES Unrestricted At 31 March 2024 Note 2024 2023 Monetary assets Bank balances Bank deposit account Bank current account Redmayne Benuey 185,467 7,718 59,446 183,008 18,940 51,329 252.631 253,277 Non-monetary assets Fixed assets Investments Freehold land 3,661,819 211,272 3,730.181 211,272 3,873,091 3,941,453 Approved by the trLJStees on and signed on their behalf by.. J. A. V. BLACKHAM BARNARD KENNETH HUFTON CHARITY NOTES TO THE FINANCIAL STATEMENTS 31 March 2024 1. ACCOUNTING POLICIES Basis of accounting The financial slalemenls have been prepared on a receipts and payments basis. Governance costs Governance costs Comprise all eosls involving the public accountability of the charity and ils compliance with regulation and good practice. These costs include costs related lo professional fees together with overhead and support costs. 2. DIRECT CHARITABLE EXPENDITURE 2024 2023 Donations to chari18ble causes 93,400 134,000 During the year the charity made forty seven grants lo a wide range of oiganisalions. the largest donation was £47,400 to Bedslone College Foundation. In 2023 the largest donation was £90.000 lo Bedstone College Foundation. 3. GOVERNANCE COSTS 2024 2023 Trustees, incidental expenses12 Trusleesl Legal fees Professional fees Independent examiner fee 468 7.200 22.224 1,320 630 7,200 26,605 1,290 31,212 35,725 No remuneration has been paid lo the Trustees BARNARD KENNETH HUFTON CHARITY NOTES TO THE FINANCIAL STATEMENTS 31 March 2024 Icontinuedl 4. FIXED ASSETS 2024 2023 Land Brecon Sports Field 211,272 211,272 Investments Iquoledl at cost Al 1 April 2023 Additions Disposals 3,730,181 539,513 1707,875) 3,528,812 521,162 1319,7931 Al 31 March 2024 3,661,819 3,730,181 Market Value 5,724,280 4,874,157