LADY ELLERKER’S LAND TRUST Registered Charity No. 224787
TRUSTEES’ REPORT & ANNUAL FINANCIAL STATEMENTS
YEAR ENDED 31[st] MARCH 2023
Lady Ellerker’s Land Trust
Annual Report to March 2022
1
REPORT OF THE TRUSTEES OF LADY ELLERKER`S LAND TRUST FOR THE YEAR 31[st] MARCH 2023
The Charity is regulated by a Scheme, which was approved by the Commissioners on 7[th] April 1986 founded by an inclusive award dated 22[nd] December 1779.
27 Acacia Road, Cantley, Doncaster, S Yorkshire DN4 6NR
THE OBJECT & ACTIVITIES OF THE CHARITY
The object of the Charity is to apply the income of the Charity in relieving either generally or individually persons resident in the area of the Ancient Parish of Cantley who are in conditions of need, hardship or distress. Restrictions apply to the relief of rates, taxes or other public funds and repeated relief in any case.
THE TRUSTEES
The Charity is administered and managed by a body of Trustees of the Charity. When complete the body consists of:
Three nominated Trustees by Cantley with Branton Parish Council Two nominated Trustees by Doncaster Metropolitan Borough Council Two Co-optative Trustees.
Trustees12 septembr Mrs S Rogerson Chair until 12[th] September 2022 Mrs Y Butterworth Mr K Hewitt Chair from 12[th] September 2022 Mr M Khan Mr I Smith Mrs V Dobson Mr B Fox Mr J Finegold Mrs J Hayes Appointed 11[th] April 2022
RELEVANT ORGANISATIONS
Bankers: The Co-operative Bank 31 St Sepulchre Street, Doncaster DN1 1TD Investment Managers: Investec Wealth & Investments Ltd Beech House 61 Napier Street Sheffield S11 8HA Independent Examiner: Mr J D Weston, F.C.M.A., C.G.M.A 36 The Hollows Doncaster DN4 7PP
Lady Ellerker’s Land Trust
Annual Report to March 2022
2
ACHIEVEMENT & PERFORMANCE.
During the year to 31[st] March 2023 the Trustees met 13 times and made grants to 35 clients in the area
The average grant was £651 In total the grants increased from £15,633 to £22,789
The Investment objective is to provide from the capital sufficient interest for further investment and meet the annual expenditure required to assist those in need.
A partner of Investec reported on the investments whilst a qualified accountant, who is appointed as independent examiner, reported on the accounts.
Publicity for the Trust has been obtained through the establishment of a website, Facebook and printed literature placed in libraries etc.
FINANCIAL REVIEW
The Receipts and Payments for the year ended 31[st] March 2023 details the Source, application and movement of the Charity’s funds. The accounts show a net movement in funds for the year of £10,119 which is mainly due to the sale of an investment exceeding the cost of purchases
The Charity has taken out indemnity insurance on behalf of the trustees, the cost of which is charged in the financial statements and in the year amounted to £482
CHAIR: Mr K Hewitt
...........................................................
APPROVED BY THE TRUSTEES ON: ...........................................................
Lady Ellerker’s Land Trust
Annual Report to March 2022
3
LADY ELLERKER’S LAND TRUST
RECEIPTS & PAYMENTS ACCOUNT FOR THE YEAR ENDED 31[st] MARCH 2023
| 2023 | 2022 | |
|---|---|---|
| RECEIPTS & PAYMENTS | ||
| £ | £ | |
| RECEIPT | ||
| Dividends & interest | 32,095 | 28,713 |
| Sale of Investments | 122,571 | 93,770 |
| Rent | 800 | -------- |
| TOTAL RECEIPTS | 155,466 | 122,483 |
| PAYMENTS | ||
| Direct Charitable Expenditure | ||
| Grant to clients | 22,789 | 15,633 |
| Management & Administration | ||
| Purchase of Investments | 98,203 | 54,466 |
| Investec Management Fee | 13,736 | 13,091 |
| Clerk’s salary & expense | 8,413 | 9,338 |
| Trustees exp, insurance, etc | 1,706 | 961 |
| Independent Examiner | 500 | 400 |
| Bank Charges | 11 |
|
| PAYMENTS | 145,347 | 93,900 |
| NET OF PAYMENTS / RECEIPTS | ||
| FOR THE YEAR | 10,119 | 28,583 |
| FUNDS AT 1st APRIL 2022 | 744,395 | 715,812 |
| FUNDS AT 31st MARCH 2023 | 754,514 | 744,395 |
Lady Ellerker’s Land Trust
Annual Report to March 2022
4
LADY ELLERKER`S LAND TRUST
STATEMENT OF ASSETS & LIABILITIES AS AT 31[st] MARCH 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| FIXED ASSETS | ||
| Land | 3,000 | 3,000 |
| Investments | 693,805 | 693,805 |
| CURRENT ASSETS | ||
| Cash at bank/Stockbrokers | 57,708 | 47,589 |
| Cash in hand | 1 | 1 |
| Debtors | 800 | |
| CURRENT LIABILITIES | ||
| Creditors | 1,533 | 400 |
Mr K Hewitt - CHAIR ......................................................................
FOR & ON BEHALF OF THE TRUSTEES
Lady Ellerker’s Land Trust
Annual Report to March 2022
5
INDEPENDENT EXAMINER’S REPORT to the TRUSTEES OF LADY ELLERKER’S LAND TRUST
I report on the accounts of the trust for the year ended 31[st] March 2023.
Respective responsibilities of trustees and examiner
As the Charity’s trustees you are responsible for the preparation of the accounts; you consider that the audit requirement of section 144 of the Charities Act 2011 (‘the Act’) does not apply and that an independent examination is needed. It is my responsibility to examine the accounts and state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 145(5)(b) of the Act, whether particular matters have come to my attention.
Basis of examiner’s statement
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 I do not express an opinion on the view given by the accounts 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 Act; and
-
to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Charities Act
have not been met.
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
JOHN DOUGLAS WESTON, F.C.M.A., C.G.M.A. 36, The Hollows, Doncaster
17[th] October 2023 Signed ..…….…………………………………
Lady Ellerker’s Land Trust
Annual Report to March 2022
6