Charity registrdtion number.. 225627 The Bolitho Madron Charity Annual Report and Financial Ststements for the Year Ended 31 December 2023
The Bolitho Madron Charity Contents ReferenTr and Adminlstrative Details Trustees, Retx)rt 2to4 Independent Examinevs Report Receipts & Payments Account staternent of Assets & Liabilibes Notes to the Financial Ststements 8t09 ReiptS & Payments Acc(xJnt - Landithy Hall io Receipts & Payments Account - Cottages li
The Bolitho Madron Charity Reference and Administrative Details Trustees Mr Michael Scoble Mr Russell Whitlock Colonel Sir Edward Bolitho KCVO OBE Lady Alexandra Bolitho Mrs Elizabeth Clare Robe Charity Registration Number 225627 Principal Office Landithy Hall Madron Penzance Comwall Independent Examiner Neil Hallam FCCA Crane & Johnston Chartered Certified Accountants 11 Alverton Terrace Penzan Cornwall TR18 4JH Page I
The Bolitho Madron Charity Trustees, Report The trustees present the annual report together with the finanaal statements of the charity for the year ended 31 December 2023. Objectives and activities Objectsandaims The provision and maintenance of one or more vlllage halls for use by the inhabltants of the area of benefit the parish of Madron and the surrounding neIghurhoOd - without distinction of po51ty"cal, religious or other opinions. The provision and Maintenan of a memorial garden for the benefit of the inhabitants of the area of benefit with the objert of improiqng the conditions of life for such persons. The day to day running of the charity is carried out by a board of management made up of local residents, who report tr) the Trustees. One of the cottages that makes up the Charity is lived in by the Caretsker, who looks after the Hall. Income for the upkeep and the irnprovement of the buildings is generally derived from a number of sources.. The small amount of invested capital .Income from letting the Hall and other buildings .Income from rent of the cottages Grants from a variety of sources The buildings are used by a wide variety of organisotions and private individuals, from wedding receptions and a variety of parbes, by way of meetings of suth organisations as the Women's Institute, theètre groups and keep fit classes, to the Parish Council and its use as a polling station. The charity is registered with the Charity Commission and 15 govemed by a scheme datexi 10 August 2000. This merged and replad four original charities.. The Thomas Robins Bolitho Memorial Fund {230818) The Thomas Simon Bolitho Institute (230819) The Landithy Hall (225627) The War Memorial Ground Charity (230820) Publicbenefit The board of management have considered the Commission's guidan on public beneffit and continue to ensure the facilities of Landithy Hall are available to everyone. They are happy that the chanty's oblettives are focused at ensuring that the village hall is benefib.ng the Inhabitants of the area of the parish of Madron and its surrounding neighbourhood. The trustees confirm that they have complied with the requirements of section 17 of the Charities Art 2011 to have due regard to the public benefit guidan published by the Charity Commission for England and Wales. Page 2
The Bolitho Madron Charity Trustees, Report (continued) Financial review Policy on reserves The Trustees have examined the chariW5 requirements for reserves in light on the main risks to the organisation. The Trustees consider that the cash funds at the year end of £39,626 are suffiaent to sustain the operatlons of the charity over the next twelve month5. Page 3
The Bolitho Madron Charity Trustees. Report (continued) ststement of Trustees, Responsibilities The trustees are responsible for preparing the trustees, report and the financial statements in accordance with the United Kingdom Accounting Stsndards (Unitd Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial ststements, 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 estimètes that are reasonable and prudent. stste whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statement5; and prepare the financial statements on the going concem 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 ccuracy at any time the financial posltion of the charity and enable them to ensure that the financial ststements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the ssets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitsble company's website. Legislation governing the preparation and dissemination of financial ststements may differ from legislation in other jurisdictions. The annual report was approved by the trustees of the charity on 19 lJ%nd signed on its behalf by.. Colonel Sir Edwar Trustee Bolitho KCVQ OBE Elizabeth Clare Roberts Trustee Page 4
The Bolitho Madron Charity Independent Examiner's Report to the trustees of The Bolitho Madron Charity I report to the trustees on my examination of the accounts of The Bolitho Madron Charity for the year ended 31 December 2023. Responsibilities and basis of report As the charity trustees of The Bolitho Madron Charity you are resFX)nsible for the preparation of the accounts in actordance with the requirements of the Charities Act 20111'the Act,). I report in respert of my examination of the The Bolitho Madron Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Direction5 given by the Charity Commission under section 145(5)(b) of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. l. accounting record5 were not kept in respect of The Bolitho Madron Charity as required by section 130 of the Art; or 2. the accounts do not accord with those cOrdS. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. IThcL Neil Hallam FCCA Crane & Johnston Chartered Certified Accountants 11 Alverton Terrace Penzance Cornwall TR18 4JH 21 June 2024 Page 5
The Bolitho Madron Charity Receipts & Payment Account for the Year Ended 31 December 2023 Total 2023 Total 2022 Unrestricted Receipts: Grants Rental Income 5,334 Total ReIpts Payments". Charitable artlwties 30,890 Total Payments Net ripts / {p3yments) Reconciliation of cash [21,102) (21,102) 6,120 Totsl osh funds brought fonmard Total cash funds carried foNard Page 6
The Bolitho Madron Charity (Registration number: 225627) Statement of Assets & Liabilities as at 31 December 2023 2023 2022 Note Cash Funds Cash at bank and in hand Fixed a55ets & Investments Tangible assets Inve5tsments 682,421 683,232 22,600 706,933 705 832 The financial statements were approved by the trustees, and authorised for issue on 14 nd signed on their behalf by: Colonel Sir Edward Bolitho KCVO OBE Trustee Elizabeth Clare Roberts Trustee Page 7
The Bolitho Madron Charity Notes to the Financial Statements for the Year Ended 31 December 2023 l Accounting policies ststement of complian The financial statements have been prepared In accordance with the second edition of the Charib'es ststement of Recorllmended practi issued in Ortober 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Art 2011. Basis of preparation The accounts have been prepared on the CeiptS and payments basis. The Bolitho Madron Charity meets the definition of a public benefit entity under FRS 102. The accounts {finanaa5 statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. Receipts Receipts are the total amounts reiVed by the charity for gocmjs and services pmvided to the public. Any donations and covenants have been included in the accounts when received. Payments Expenditure is Included on a paid basis, Induding any VAT which cannot be recovered. Investments Investments are induded at market value at the statement of assets and liabilities date. Unrealised galns I los%5 and Snterest received (which Is reinvested in shares) repre*nt the movement in openbng and closing market values. Cash and cash equivalents Cash and cash equivalents comprlse cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. 2 Trustees remuneration and expenses No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year. 3 Staff costs The aggregate payroll costs were as follows.. Page 8
The Bolitho Madron Charity Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) 2023 2022 staff costs during the year were: Wages and salaries The monthly average number of persons employed by the charity during the year expressed as full time equivalents was a5 follow5.. 2023 No 2022 No Employees No employee received emoluments of more than £60,000 durlng the year. 4 Taxation The charity is a registered charity and is therefore exernpt from taxation. 5 Tangible fixed assets Furniture and equipment Land and buildings Total C05t At l January 2023 693 476 716 302 At 31 Dmber 2023 693 476 716 302 Depreciation At l January 2023 Charge for the year 12,542 467 20,527 345 33,069 812 At 31 December 2023 Net l)ook value At 31 December 2023 682 421 At 31 December 2022 680 934 683 233 6 Investments 2023 2022 Market valuab.on Page 9
The Bolitho Madron Charity Receipts & Payments Account- Landithy Hall Total 2023 Total 2022 Grants Grants RentalInconie Rental income Charitable athwtses Wages and salaries Rates ght, heat and power Insuran Repairs and malntenance Admin expenses Prfntbng, postage and stationery Trade subscriptions Advertlsing Accountan0/ fees (10,094) 1435) (5,601) (2,601) (16,059) (750) (55) (139) (20) 966 {9,163) {3871 (2,871) (2,425) (1,773) (750) (254) (20) 930 Page 10
The Bolitho Madron Charity Receipts & Payments Account - Cottages Totsl 2023 Total 2022 RentalIncome Rentsl income Charitable actiwties Repairs and m3intenance Agents Commission {12,358) 2,914 (7,650) Page 11