2025-03-31-accounts - J W Chapman Earlesmere Charitable Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

ANNUAL REPORT FINANCIAL YEAR 2024- 2025 JOHN WILLIAM CHAPMAN EARLESMERE CHARITABLE TRUST CHARITY NUMBER 2232

TRUSTEES: Mr Markjohn Hunter Tru5tee/Chalrman Lady Neill DL Trustee Mr Michael George Gornall Trustee Mr David Geoffrey Klrk Trustee ADVISORS: Mrs Rosemarie Sharp Brewln Dolphln 50licitor Financial Advisers W H Prior & Co. Accountsnts Virgin Money Bankers Grice & Hunter Property Advisers Northwood(Doncaster l Ltd Property Advisers ADMINISTRATIVE OFFICES: 4 Priory Place, Doncaster, DNI IBP

JOHN WILLIAM CHAPMAN EARLESMERE TRUST Charity Number: 223002 Governed by a scheme made on the 17 October 20) OBJECT5: The objects of the Charity are for the relief of persons resident in the Borough of Doncaster who are in need, hardship or distress. The Trustees may fulfil their objectives by: Makin8 grants to persons in need; b. Providing or paying for goods. services facilities for persons in need,. and c. Making grants of money to other persC5 and bodies to provide good5, services or facilities to those in need. ADMINISTRATION.. The Trust currently operates with four appointed Trustees and a Chairperson is elected from that body, full meetings of the Trustees are held quarterly at which time the general business and administration of the Trust is discussed. Distribution meetings which are attended by no less than two Trustees together with the Trust Visitor are held bi-monthly to deal with individual application5 along with an additional provision for emergency applications. The Trustees are elected by the member5 of the Charity Board with appointments arKI re- appointments being dèclded on an annual basis, The Trustees have the power to appolnt New Trustees on an interim basis until the next AGM. CHAIRPERSONS REPORT FINANCIAL YEAR 2024-2025 It is h8rd at the end of this finan¢i81year to look back and $88 8ny discernible change in the social or economic outlook faced by the country andwithinthat, the communityof Donc8Sterwhich this charityserves . The economicand politicaloutlook both nationalty and locally has a direct impact and they continu8 to be coloured by another year of

conllict in wlder Europe . political unc8rtainty in the UK and ever louder rumblingsfrom the USAthreatening trade andthe economy. The Governments fin8ncialstrategy almed to put the public finances on a sustainable footing . increase investment growth and reduce the systemic failure of the welfare system to support the poor and sick in the country. Yet despite the major welfare shakeupannounced Éndthe DWP spend of288 biLonwith8 notableincreasein pension credit applications it would seem that there has been an increase in poverty and social insecurity. Th8tpositlon is evident inthe City of Doncast. as theTrUSte continue to meet the needs of applicat's to the charity. ThefundamentalmaF*ers forthe success of thischarity islts 8billtyto deliver an Income andto identifythose in need, In ordertofulfilthe objects of thecharity. Th8welLbeingofthefinances isnota taskwhichtheTrustees take lightlysndthroughout the year the Trustees have kepi a close eye on the stock merket returns 8ndthose of the property m8rk8t. A quarter of the income eamed by the charity is provided by the stock market investmentswhichare managedunderthe watchful8ye otadvisorsBrewin Doiphin.That has not been an easy task and the year saw a small realised loss in value .Over811 however the income retum e8timated at 4.25% on the investrnentwas maintained and th8Trustees remained confid8nt inthe approacht8kenbytheir advisorswhom8nagethe fund on a discretionary basis at an agreed ri8k level. The remainder of the income comes from the Propety Portfoilo and a revaluation this year saw an increase in the portfolio of £200,000. and theoverall position at the end of theyearshow8d anincrease inthecharltyfunds of£187.439.Whilethat provides s level ol comfort going foward the Trustees are also very awar8 that there has been 8n increase in the expenditure on the properties held in the portfolio . This incrèase flows from the in¢reas8 in regularity requirements resulting fram the Building Safety Act 2022 and the year saw the start of a program to improve the facilities in Chapman House includingthe provision of new fire doors throughoutthe building . Such improvernents and repairs sawa cost of£49,198 overthe year but the Trustees are confidentthat the ongoing cycle of repairs supports the longevity and value of the properties as a productive means of financialsupport for th8 Trust . The property 8gents continue to manage the Properties 81ongside Jordans 8nd the Twstees rem8in confident that the rental incomes are b88n expediently manged and the assets are producing a balanced return. The SOnd arm of the Trustees responsibility is the appropriate and meaningful ijistributionof funds undertheterms ofthe object ofthecharityschema. There hasbeen no discemible change in the demographics of applicants since the previous two years which saw a move away from younger people seeking clothing awards to a growth in

applications from familiés. those suffering domestic violence and members of the communitywho were previously homeless and were trylng to move back into housi Carpets remain the top of the list and research shows that this is the Case with similar charities across thBCountry. Despite a numberofnationalcampaigns itsseems that to date Councils ha continued to fouow a policy of ripping out carpet on 8 change of tenant no matter wh8t condition they are in. The Trustees are resolved to attempt to persuade the Council to re-view this policy over the comingyear . In the meantime we have continued to adopt a poliw of limiting carpet applications to priority needs excluding hall, stairs andianding, makinglounge and children's bedrooms the priority if granted. That has reduced the overall carpet spend. We Continueto be awarethatthe need we tryto meet direct individual applications is only th8 tip of the iceberg and a signif icant poverty still exists within the City for the provision of affordable food. Inflation and the increasing cost of rents, and energy all reduce the avaiiablefunds to many members of th8 community and Charities such as Fairshare Yorkshire remain 8 vital sourc8 of relief locally . Whilé the TNstees remaln of the view that their primary object18 best met by direct r81i8f that have felt that it was appropri8teto release furth8rfunds to support F8irsh8re duringthe cour8e oftheyear. The Tru$tees contlnue to benefit from the organis8tional b8se provided by Jordans Soticitors whlch brlngs with it an office presence for the members of the community seekingto directly 8¢cess assistance.The staff who de8lwlth the 8ppllcantsalongwlth the trust visitor provide an additional benefit to applicants whether in assisting In the completion of the applications. arrangingfora homevisit or directing them to alternative sources of fundingand advice via the welfare systems wlthln the City. The Trustvlsltor remains a vital cog in the process by aiding he Trustees in making the right decision in relation to the allocation of funds while reviewing appli¢ation8 and ensuring funds are allo¢atedwhere they are needed the most. In summary despite th8 overarching constraints of increased costs and growir demands,theTrustees have maintaineda constantflow ofincomeand overallthe funds have shown a reasonable levél of growth. We have been dikngent in our methods of distribution and have met real need within the City during the year. Individual distributions and those to Fairshare arnount to £33,197. It would be foolish to try ar4J predict the comingyear which has allthe h811 marks of continuing unrest both politically 8nd financially but despite this we as Trustees are confident that our strategy is robust and we can meet the coming year from a position of béing financial sound aNJ d8t8Tmined to meet the objects of theTrust . Mrmj Hunter Chairman

FINANCIAL REPORT The Trustees of the Charity present their annual and audlted statement for the Flnanclal Year endlng 31st March 2025. Trustees Responslbility Statement The Trustees of the John William Chapman EarlesmereTrust Registeredcharity are required to prepare financial statements for each financlal year that glve a true and falr view of the state of affairs of the Charlty at the end of the financial year and of movements of funds for that period. The Trustees confirm that suitsble accountancy policies have been used throughout in accordance vAth the statement of recommended practice issued by the Charities Commission. The Trustees are responsible for keeping proper accounting recor(ts and for tsking responsible steps to safeguard the assets of the Charity in order to prevent and detect fraud or other irregularities and in order to comply wth the Charities Act 2011 and Charities SORP 2015, they are also resF(*)sible for safeguarding the assets of the Charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. RISK The Trustees have carrled out a review of the major risks to which the Charity may be exF¥)5ed and have adopted a risk strategy plan in respect of these the policy will be subject to further review during the coming twelve months. They have explored the risks of inve5tiro in property and in the financial markets . They have adopted with professional advice a medium tolerance to the risk on a financial market and are confident that the spread of investments means the Trust has a reasonable capacity to accomm¢xlate105s ar)d remain financially viable. The Trustees are satisfied that there are no serious incidents or other matter which thev should have brought to the attention of the C(Knmission and has not done so alreadv. So far as the Trustees are aware there 15 no relevant audlt information of which the Independent Examiners are unavtsre and each of the Trustees has taken all the steps that he or she ought to have tsken as a Trustee In order to make himself aware of any Independent examination information and to establish that the Independent Examiners are aware of that information. FIXED ASSErs Any movements in Fixed Assets are reflected in the Accounts. EVENTS SINCE THE.BALANCE 5HEEf DATE No event5 have occurred since the Balance date vjhich have affected the Charity.

TRUSTEES The Trustees of the Charity who served during the year and up to the date of this Report are Set out on page 2 of this Report. This Report has been prepared in accordance with the Statement Recommended Prartlce Accounting and Reporting by Charities ISORP 20151 This Reportwas approved by the Trustees Board on the 2¥ day ofjanuary 2026 and slzned by: Mr Mark John Hunter Chairrnan On behalf ofthe Trustees of the John Wllllam Chapman Earfesmere Tt

J.W. CHAPMAN EARLESMERE TRUST (Registered Charity No. 223002) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

J.W. CHAPK4N EARIISMERE TRusr FINANCIAL sfATEMENrs FOR THE YEAREND£D 51 MARCH 2•25 Pag¢ Lwl and AdmiDiStTative Details ImdependentEx8min¢r'5 R¢wirt Sial¢meni of Finan¢ial Artivities Bolanee Sheet Notes to th¢ Fin8ncial Ststements

PAg¢ I J.W. CHAPMAN EARLESMERE TRUST LEGAL AND ADMINisfRATIVE DETAILS 31ST MARCH 21J25 Mr. M.J. Hunter, MRI(S Lady Neill. DL. fr. M.G. G)mati Mr. D.G. KirL FCA-Died 4 January 2026 Correspondtnt & CI¢Tk to Truslees Mts. IL St[P. IL.B. Admlnw¢r4tiwe oifice5 4 Priory Place. Doncaster. DNI IBP Chirlty Re%tstrAti•n Number 223002 GovernlDg InStruethI Schemes of the Charity Commissiotte on IP (ktober 2000 & 2f June 2005 Solicito Jordans Solici¢ors LLP, 4 Priory Pla¢¢. Doncaster. DNI IBP Independen¢ EXthIer RA. Prlor, FCCA, FCIQ r W. H. PTiOT. chart Certified A¢¢ourttsnts, RAilw4y CourL Doncaster. DN4 5FB Principal BDkerJ Clydesdale Bank plc Va Virgin Money. 19 St Sepul¢hr¢ G, [k)rtCter. DNI ITD Property Adviio Northw(MMI {Donc&8ter) Ltd., 17a Sandringham Ro Doncaster. DN2 SHU IDvpslJnent Advbors BrewinDolphin Lt 34 Li$bon Stree¢, LSI 4LX

P¥ge 2 J.W. CHAPMAN EARLESMERE TRUST INDEPENDENf EXAMINER'S REPORT TO THE TRUSTEES OFTHE J.W. CIIAPMAIY KARIESMERE TRUST l Teport on the a¢¢t5 of the Charity forthe y EDd¢d 31'March 2025 whi¢h are set oul on pges 3 to This re is mad¢ solely to ihe Chaitty's tswtees, body, in awirdance with the regulatiON8 made underthe Ch111 Act 2011. My work h&¥ been und¢rtaken $0 that I miBht stste to th¢ Charity'5 trustees those matt¢ts I arn qUIred to slat¢ to them in att IndepeJ¥Jent Examiner's reprt and for no other purpose. To the fullesi ¢xt¢Dt nllitted by law, I do ]bJt cccpt orassw))e respJDsibility to anyone other th8n the Charity al the Charity'$ a8 a body forthis r¢p)rt. RespeetiY¢ r¢sponslblliths of Trustees attd Ejanthier As the Chwity's Tr$1¢¢5, you are responsible for the Prepa1) of the account& you consid¢r that the audit r¢quirement of Section 144(2) of the Charities Act 2011 (the 2011 Act) does not appty. It is my T¢swmsibility examin¢ thE aC¢OWlts under section 145 of the 2011 Act. to follow the pr(edures laid down in the General DiTKtiOTL8 given by the Charity Cornmission5 (under Section 145(5Mb) of the 2011 Act., and to stal¢ whether particular matt¢rs have come to my attentn. B¥$is of IndedentE5aMIDf,S Rert My eXnInlin was carried out ID accordance with the General Di)r¢tiOD5 given by the chlty CommissioTL¢f5. exatthination irtckndes a review of th¢ accounting reco k¢prt by the Chprity alld a coinparison of the xcounts presend with tknse records. It also iNludes ¢Side11]I) of any [USual tms or disclosures in the COUnts, and seekitig explanations from you &s Trtle¢S cCeing any such matiers. The procedurts undertaken do Th)t pmid¢ 811 the evidence that would be r¢quird itt an audiL and Conwuently th) OPiDion is given &% to wh¢ther the accourtts present a ue and (air view. and the Ir is limited thos¢ matter5 sei 0¢ in th¢ E¢low. Ibdepekdeni EiwDlner'9 S14t¢m¢Dt cornwtion with my examinatioo no matt¢rlws come my l¢ntion:. (a) Which gives me reas<M)abk ust to believe that in any material respea fv Tequirements to keep xcounting rtcords in accoydwv with sethioD 130 of the 201 l Act. and to prepare aceounts which accord with the accouthillg rewrds and to comply with the aCcOting l¢quients of the 2011 Act have not ien met" or (b) to which. in my opinion, attentlOD $knuld be Ilravm ID order to enable a proper of the ae¢ounts to be ¢hed. .A. Prior, F.c. F.CL¥.. DChA clred CerthEd A¢toTitAut Fellow of Ib¢ AssOtiatifffiotChrlty lpdendEl Exo)Iv W. H. Prlor Chsrtered CeTtifJtd RllwAy Cou Donus¢¢r. DN4 SFB D&ied:_ 2&. Jmury 21126

Page 3 J.W. CHAPIKAN EARLESMERE TRUST STATEMEI¥T OF FINANCIAL AcfIvITIES FOR THE YEARENDED 31 MARCH 2025 Unrtttrided Trf•l 2025 2024 Income DonAtIon8 and kEi¢le Invosts¥¢nt IncoThe Int¢rest & Dividthds Rethal income frorn IDVeSttnentProperties 3 49.758 173,036 49,758 173.036 48,121 161,889 TOTALINCOME 222,794 222,794 210.010 EIpenditure ExpendituTr rai4illg funds - Investment Management Costs Dlrott Cbritsbk Expenditure -Grants & aSlted support Costs 107.818 107,818 102.712 122.788 122.788 124.339 roTALE¥PEND17URE 230ffj06 23•,606 227.051 IYET(E¥PENDI7URE) BEFORE OTHER RECOGMSED GAJJVS/LOSSEg 17,812) (7012) (17041) Reali8ed CAinsl{Lth5¢s) on inyestmelltgssets Unrealised Gain51lL05ses) on inveslmeAJt assets (2,649) 197.wo (2.649) 197,9(K) 3,877 22,644 NETMOVEMEJVTINFUNIIS 187A39 187A39 98811 Balattces bmught forward at 1° April 2024 3.486.584 3.486.584 3.477.104 Baknn¢es C8Tried fornard #t 3151 Mrch 2025 li 3,674J123 3ffi74.1123 3,486J84 The notes on pages 5 to 8 form partof th¢s¢ financial ststements

PAge 4 J.W. CHAPMAN EARLESMERE TRUST BALANCE SHEET AS AT 31ST MARCH 21ll5 2025 21124 lied ay¢ts Tangible Fii¢d ets- Investsnents 3.614J83 3.468.979 D¢b¢o Ch at Bank 61.681 17201 65.986 868 78.882 66,854 Creditors .' 8m(ymts falling due within ODe year io 19.242 49249 Net ¥ets 59,640 17.605 Net ets 3.674,023 3,486,584 G¢nerl Fund li 3.674.023 3.477.104 Totsl FuDd9 3.674.023 3.477.104 The financial S¢m¢nts on pagts 3 10 8 w¢r¢ approved by the Tnjstees on 26th January, 2026. signed on thir behalf Mr. MJ. Huntsr Ttee 25 I1 ZOLI. The notes on pag¢5 5 to 8 forni part of these financial statements

P•ge 5 J.W. CHAPMAJ¥ EARLESMERE TRUST NOTES TO THE FINANCIAL STATEMENfs FOR THE YEAR ENDKD31sf MARCH 2025 BasLs of ac¢oMntlng The financial ststements have been pr¢paT¢d under th¢ histori(al cost accounting entH1 with it¢ms r¢wgDiS¢41 at cost or traLsaction value unless oth¢rwis¢ $tated ID the ]tleTrant notts to the these )llts. The financial staiements hav¢ iYeD pr¢pared in accordance with applicabit Ae¢outtting st8ThJards, the Ch#rities SORP (FRS102) and ihe Charities Act 2011. Intome All income is tr¢4t¢d &s unrtstri¢ted in¢om< un1¢5s ¢h¢ th>nor has phced restri¢tions on the maDn¢r An which the nation or gTallt May be SPEnt, iti which ca5¢ it is tr¢ated as Tf5trided income. Investment ineome is rccoTd when receivable. DiT¢th Ch$rh*lAe Eipendltu Direct charitable exndItuTe consists of all expenditure associaed with th¢ payrneTJts of grants to rsOn5 in Ejee providing or paying for goods. seJvi¢¢s or fa¢ilili¢5 for person5 and th¢ makin8 of grants to oth¢r persons aod ik)di¢s to provide goods, servi¢¢s or facilities to those in need. Exwidittwe on graTIts is record¢d ots¢¢ th¢ ¢lwity has maik an unconditional commitment to pay th¢ grant and this is commuajicated to the InefiCIary or th¢ grant has ixen paid. whichever is the eaTli¢r. The charity has trKTri made any grant wmmitments ofmor¢ than on¢ The investmcm pro]%rtiw shown at their fair value as ai the Balan Sheet datr. All inve5tmart proiknies were reval1 as at 31" March 2025 by Gric¢ & Hunter, Charte4td S¢YO[& Don¢ast¢r. usdInveS1w Lisi¢d invthnents are shown at their value at the Balance Sheet date. T110 The Charity is a registercd charity and accordingty is ¢xempt from taxdion 4)n its irKom¢ a] gain5 wh¢re they ar¢ applied forcharithbl¢ puryM)s¢s. Inveslmeot I¢0¢ Anatysi8 2025 2024 Inwesi & Divi Listed Investments (DiViduS & Fjxed Inttrest) Bank Int¢r¢yl D¢signat¢d Client AccouDt Interest 47.992 268 1.498 47.636 485 49.758 48.121 RertialJncvme R¢nl CtivbI¢ 173,036 161,889 173,036 161.889

Pge 6 J.W. CHAPMAN EARLESMERE TRusr NOTES TO THE FINANCIAL STATEMElffS THE YEAR EI¥DED 31sr MARCH 2025 Expendlthre OD funds- InvesthieDt Man¥gemtnt Costs 21125 2024 Repairs to Investment Propertie5 G, Ekctricity & WaterRAtes- V8eant irtv&rfment PJDperties Council TAX & Business Rates-vacant Investh]ent Properties Property Insurance & L055 of R1 Insuranc¢ PJDPerty Agcnts. Collthiission & Fe¢s FI Risk Asse5SmEnt Cost of EPC'S L£g81 fee5 re Investrnent Prwies InVestnni Advisor's Adminiskntion Fees 49.198 1,656 892 6984 22,6 41,514 2,486 1359 9206 21,642 61 665 I8,10 6.950 95 19200 7.187 107.818 101712 Direci ChTitbJe ExpeDdltsre-GraDts & As80¢knted Support Costs 21125 2024 Grants lo and on b¢balf of individuajs Grants to othrr Ch8rities (Nole 6) Administraiion costs IE distributions Salary costs & cxpens¢$ relati to Gyants Websit¢ Datab&8e pr(Ke5SiDg Ind¢mnity Lnsur4nc¢ Legal & PAIC¢ssioDal f¢¢5 Indetthdeni Bxaminer's & ACCOn1¥neY Fees 27.197 6,000 29,599 10.133 2,(M)6 980 2529 38.380 5,964 34,749 6.000 29)64 8.420 2.534 37276 5,790 122,788 124.339 An]ysB Df grDts to other eharhle8 21125 2024 Fsh Yorkshi 6.000 6.000 6.000 6.000 St*ff Cts 2025 2024 Salary e4)$ts 9.566 8.426 9.566 8.426 charity engages part4ime employe¢ on s¢condment. employec earrd £60,0(K> per annum or more.

P•ge 7 J.W. CHAPMAN EARLESMERE TRUST NOIESTO THK FINANCIAL sfATEMEwfs FOR THE YEAR ENDED 31ST MARCH 2025 Fiitd Aistt Inve8tmemts FreEbold Imt&stment Listed Investmeuts Totsl Ai MrketValue MfjAr¢t Valy¢ 4t l$t April 2024 Additions Disposals at 0ing Value (Note a) Net tealiSed investh>ent gainsl{losses) 1450.0(KI 1.018,979 154,880 (121376) (iioo) 3.468,979 154,880 {207,376) 197,900 (85,0(WJ) 200.IKIO Mrltet Vilue at 31 March 2025 2.565.OLK) 1.049.383 3,614.383 All investrnmts ar¢ h¢ld primarily PJDvide an inv¢5tment return for th¢ charity WKi all ar¢ held in the UK. AII inveskneni prop¢rttes were ffvalu¢d by Gric¢ & Hunter, Chartered Surv¢yors. Doll%1¢r &$ at 31. 2025. Freehold Investment Llsted Inveslments Totsl SAle Pro#5 Opening M. Valve Rea]iscd Gainl(Loss} 82.593 121134 204,727 Delknn 2025 2024 Rent held by Propwty Managing Agents Funds held by Stockbrokers Fvttds held on Solicitor's Cli¢ni A¢¢ou Pr¢payJMnts 11,678 14.044 33,888 2.071 10,904 51,638 673 2.771 61,681 65,986 All debts)rs are within one year.

PgF¢ 8 J.W. CIIAPMAN EARIISMERE TRUST NOTIS TO IIIE TrINANCIAL ATEmErS FOR THE YEAR ENDED37 MARCH 21125 io Creditorg-AmouBts flling withiu year 2W£5 2024 Credito R¢nt T¢1Ved in advattce Ac¢ru& 11828 450 36223 5.488 7.538 19.242 49249 iIDrntTiCted FUd5 Blanet 1.424 Other GAin$ 111•$8es) B*l8nce 31J25 Income EipeDdlture 3.486.584 222.P)4 (230,) 195,251 3.674.023 Totsl Unre5trkted 3,486,584 222,794 (230.606) 195251 3.674,023 Th¢ General Fund ¥w¢s¢nts the balance held that may be applied for clwitabk pUrs. 12 Trnste The Trustres of the clwity donot receiv¢ any r¢mwieratio and did c]airn any exp¢nses dwing the year (2024.. Nil)

J.W. CHAPMAN EARLESMERE TRUST (Registered Charity No. 223002) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025