Charity registration number: 225627
The Bolitho Madron Charity
Annual Report and Financial Statements for the Year Ended 31 December 2024
The Bolitho Madron Charity
Contents
| Contents | ||
|---|---|---|
| Reference and Administrative Details | 1 | |
| Trustees' Report | 2 | to 4 |
| Independent Examiner's Report | 5 | |
| Receipts & Payments Account | 6 | |
| Statement of Assets & Liabilities | 7 | |
| Notes to the Financial Statements | 8 to 10 | |
| Receipts & Payments Account - Landithy Hall | 11 | |
| Receipts & Payments Account - Cottages | 12 |
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 Roberts
Charity Registration Number
225627
Principal Office
Landithy Hall Madron Penzance Cornwall
Independent Examiner
Neil Hallam FCCA Crane & Johnston Chartered Certified Accountants 11 Alverton Terrace Penzance Cornwall TR18 4JH
Page 1
The Bolitho Madron Charity
Trustees' Report
The trustees present the annual report together with the financial statements of the charity for the year ended 31 December 2024.
Objectives and activities
Objects and aims
The provision and maintenance of one or more village halls for use by the inhabitants of the area of benefit - the parish of Madron and the surrounding neighbourhood - without distinction of political, religious or other opinions.
The provision and maintenance of a memorial garden for the benefit of the inhabitants of the area of benefit with the object of improving 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 to the Trustees.
One of the cottages that makes up the Charity is lived in by the Caretaker, who looks after the Hall. Income for the upkeep and the improvement 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 organisations and private individuals, from wedding receptions and a variety of parties, by way of meetings of such organisations as the Women's Institute, theatre 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 is governed by a scheme dated 10 August 2000.
This merged and replaced 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)
Public benefit
The board of management have considered the Commission's guidance on public benefit and continue to ensure the facilities of Landithy Hall are available to everyone. They are happy that the charity's objectives are focused at ensuring that the village hall is benefiting 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 Act 2011 to have due regard to the public benefit guidance 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 charity's requirements for reserves in light of the main risks to the organisation.
The Trustees consider that the cash funds at the year end of £30,405 are sufficient to sustain the operations of the charity over the next twelve months.
Page 3
The Bolitho Madron Charity
Trustees' Report (continued)
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United 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 statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern 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 accuracy at any time the financial position of the charity and enable them to ensure that the financial statements 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 assets 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 charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
The annual report was approved by the trustees of the charity on 30 June 2025 and signed on its behalf by:
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 2024.
Responsibilities and basis of report
As the charity trustees of The Bolitho Madron Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect 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 Directions 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:
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accounting records were not kept in respect of The Bolitho Madron Charity as required by section 130 of the Act; or
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the accounts do not accord with those records.
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.
...................................... Neil Hallam FCCA Crane & Johnston
Chartered Certified Accountants 11 Alverton Terrace Penzance Cornwall TR18 4JH
- 1 July 2025
Page 5
The Bolitho Madron Charity
Receipts & Payment Account for the Year Ended 31 December 2024
| Total Total |
|
|---|---|
| Unrestricted 2024 2023 |
|
| £ £ £ |
|
| Receipts: | |
| Other income | 50 50 - |
| Rental Income | 32,061 32,061 30,890 |
| Total Receipts | |
| 32,111 32,111 30,890 |
|
| Payments: | |
| Charitable activities | (41,332) (41,332) (51,992) |
| Total Payments | |
| (41,332) (41,332) (51,992) |
|
| Net receipts / (payments) | |
| (9,221) (9,221) (21,102) |
|
| Reconciliation of cash funds | |
| Total cash funds brought forward | |
| 39,626 39,626 60,728 |
|
| Total cash funds carried forward | |
| 30,405 30,405 39,626 |
Page 6
The Bolitho Madron Charity
(Registration number: 225627) Statement of Assets & Liabilities as at 31 December 2024
| (Registration number: 225627) Statement of Assets & Liabilities as at 31 December 2024 |
(Registration number: 225627) Statement of Assets & Liabilities as at 31 December 2024 |
|---|---|
| 2024 2023 |
|
| Note £ £ |
|
| Cash Funds | |
| Cash at bank and in hand | 30,405 39,626 |
| Fixed assets & Investments | |
| Tangible assets 5 |
681,661 682,421 |
| Investments 6 |
26,832 24,512 |
| 708,493 706,933 |
The financial statements were approved by the trustees, and authorised for issue on 30 June 2025 and signed on their behalf by:
Page 7
The Bolitho Madron Charity
Notes to the Financial Statements for the Year Ended 31 December 2024
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
The accounts have been prepared on the receipts and payments basis.
The Bolitho Madron Charity meets the definition of a public benefit entity under FRS 102. The accounts (financial 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 received by the charity for goods and services provided to the public. Any donations and covenants have been included in the accounts when received.
Gift aid
Incoming resources from tax reclaims are included in the Statement of Financial Activities at the same time as the gift to which they relate.
Payments
Expenditure is included on a paid basis, including any VAT which cannot be recovered.
Investments
Investments are included at market value at the statement of assets and liabilities date.
Unrealised gains / losses and interest received (which is reinvested in shares) represent the movement in opening and closing market values.
Cash and cash equivalents
Cash and cash equivalents comprise 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.
Page 8
The Bolitho Madron Charity
Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)
3 Staff costs
The aggregate payroll costs were as follows:
| 3 Staff costs The aggregate payroll costs were as follows: |
|
|---|---|
| 2024 2023 |
|
| £ £ |
|
| Staff costs during the year were: | |
| Wages and salaries | 10,491 10,094 |
The monthly average number of persons employed by the charity during the year expressed as full time equivalents was as follows:
time equivalents was as follows: |
|
|---|---|
| 2024 2023 |
|
| No No |
|
| Employees | 2 2 |
No employee received emoluments of more than £60,000 during the year.
Page 9
The Bolitho Madron Charity
Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)
4 Taxation
The charity is a registered charity and is therefore exempt from taxation.
5 Tangible fixed assets
| 5 Tangible fixed assets |
5 Tangible fixed assets |
|---|---|
| Land and buildings Furniture and equipment Total |
|
£ £ £ |
|
| Cost | |
| At 1 January2024 693,476 22,826 716,302 |
|
| At 31 December 2024 693,476 22,826 716,302 |
|
| Depreciation | |
| At 1 January 2024 13,009 20,872 33,881 |
|
| Charge for theyear 467 293 760 |
|
| At 31 December 2024 13,476 21,165 34,641 |
|
| Net book value | |
| At 31 December 2024 680,000 1,661 681,661 |
|
| At 31 December 2023 680,467 1,954 682,421 |
|
| 6 Investments |
|
| 2024 2023 |
|
| £ £ |
|
| Market Valuation | 26,832 24,512 |
Page 10
The Bolitho Madron Charity
Receipts & Payments Account - Landithy Hall
| Total Total |
|
|---|---|
| 2024 2023 |
|
| £ £ |
|
| Rental Income | |
| Rental income | 9,981 8,810 |
| 9,981 8,810 |
|
| Charitable activities | |
| Wages and salaries | (10,491) (10,094) |
| Rates | (568) (435) |
| Light, heat and power | (6,111) (5,601) |
| Insurance | (2,738) (2,601) |
| Repairs and maintenance | (1,216) (16,059) |
| Admin expenses | (750) (750) |
| Printing, postage and stationery | (32) (55) |
| Trade subscriptions | (94) (139) |
| Advertising | (20) (20) |
| Accountancyfees | (984) (966) |
| (23,004) (36,720) |
Page 11
The Bolitho Madron Charity
Receipts & Payments Account - Cottages
| Total Total |
|
|---|---|
| 2024 2023 |
|
| £ £ |
|
| Grants | |
| Other income | 50 - |
| 50 - |
|
| Rental Income | |
| Rental income | 22,080 22,080 |
| 22,080 22,080 |
|
| Charitable activities | |
| Repairs and maintenance | (15,413) (12,358) |
| Agents Commission | (2,915) (2,914) |
| (18,328) (15,272) |
Page 12