_________________________________ T & M GREG TRUST ACCOUNTS for the YEAR ENDED 31[st] DECEMBER 2025 __________________________________ ## ANNUAL REPORT AND ACCOUNTS PAGE CONTENTS 1 General information 2 to 4 Trustees’ report 5 Independent Examiners report 6 Income and expenditure account 7 Balance sheet 8 Notes to the accounts ------------- ## T & M GREG TRUST ## GENERAL INFORMATION _________________________ TRUSTEES Lady Julia K H Carter of Coles James E Beaven Sarah A E Kubica Gillian D G Lungley Michael J S McRae Stephen P Willson CHARITIES REG No 232669 ACCOUNTANTS John D Kilby & Co Chartered Accountants Mutfords Hare Street Buntingford Hertfordshire SG9 0ED BANKERS Barclays Bank PLC Leicester Leicestershire LE87 2BB INVESTMENT MANAGERS CCLA Fund Managers Limited PO Box 12892 Dunmow Essex CM6 9DL M & G Charity Investments PO Box 9038 Chelmsford CM99 2XF 1 TRUSTEES' REPORT ## T & M GREG TRUST _____________________ The trustees present their report, together with the accounts of the trust for the year ended 31[st] December 2025. ## **Objectives and activities** The Trust owns the Village Hall, the Village Hall Cottage, the Almshouses at 1 & 4 Pilgrims Close, the main and village hall allotments, The Twichell Copse (a woodland area adjoining the main allotments), the Children’s Playground, the Recreation Field containing the Pavilion and football pitch, a 2.37 acre grazing field adjoining the recreation field and a 2 acre field in the centre of the village known as Jackson’s Meadow, all in Westmill (nr Buntingford), Hertfordshire. ## **Trustees** The trustees who held office during the year to 31[st] December 2025 were as follows: Lady Julia K H Carter of Coles James E Beaven (appointed on 14[th] April 2025) Dennis W Downes (resigned on 28[th] February 2025) Bernadette M King (resigned on 1[st] October 2025) Sarah A E Kubica (appointed on 13[th] October 2025) Gillian D G Lungley Michael J S McRae Stephen P Willson ## **Public benefit statement** The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit, 'Charities and Public Benefit'. ## **Financial Review** The trustees continue to spend what is necessary to maintain the Trust’s properties and amenities to a standard that will preserve them in good condition. Payable rents, maintenance contributions and licence fees are reviewed annually. In keeping with the object of the Trust to benefit and support Westmill residents, both for the Almshouses and other properties, land and facilities, increases are limited and, whenever appropriate and possible, kept below open market rates. We continue to build and maintain a reserve fund to meet future capital and/or unforeseen expenditure. ## **Achievements and performance** The trustees continue to hold formal meetings quarterly and, between these meetings, communicate regularly to deal with day-to-day management decisions and administration matters. (continued) 2 ## T & M GREG TRUST ## TRUSTEES' REPORT (continued) ________________________________ (continued) ## **Village Hall** The project to repair the roof of the Village Hall and Village Hall Cottage and improve its insulation has progressed during the year and East Herts Council has granted Listed Building Consent for the proposed works. The Trust appointed Whitworth Chartered Architects and Building Surveyors as project managers and drawings and a detailed works specification was sent to selected building contractors to obtain quotations for works. Grant funding applications were made, with the assistance of CDA Herts and Grants4U, and grants were obtained from National Lottery Heritage Fund, Platinum Jubilee Village Hall Fund, Bernard Sunley Foundation and Pilgrim Trust. A new heat curtain is working well and East Herts Council has awarded a grant to fund improvements to the heating system. Westmill Nursery continues to operate from the Village Hall on weekdays. It provides an excellent service for children from Westmill and nearby and has a good reputation with local families. The Village Hall was also used for meetings by Westmill Parish Council and Aspenden Parish Council, for other local community gatherings and as the village polling station for the Hertfordshire County Council election in May 2025 ## **Cottages** In addition to general maintenance work carried out as required, a project to redecorate the Village Hall Cottage began in November after it was vacated by its tenants. ## **Playground** The playground again received a ‘Low Risk’ category from our annual independent equipment inspection. Cyclical maintenance included the removal of a leaning tree and monitoring of the condition of the balance beam. This village facility continues to be well used by children and local families. It is used weekly by the Westmill croquet club and well supported and enjoyed by residents even over the winter period, weather permitting. ## **Allotments** All the village allotments were occupied throughout the year and the Trust continue to maintain internal hedges and pathways, in addition to carrying out tree work as necessary. (continued) 3 ## T & M GREG TRUST ## TRUSTEES' REPORT (continued) ________________________________ (continued) ## **Recreation Field** Westmill FC continue to use the football pitch weekly in the football season and meet the cost of cutting the football pitch grass and contributing towards any required maintenance and tree work. The recreation field is well used by villagers and visitors from nearby for exercise, dog walking and outside games. ## **Grazing Field** The grazing field adjacent to the Recreation Field continues to be used by a local lady for her horses and donkey. ## **Jackson’s Meadow** This field continues to be used for the grazing of two horses, and the fenced-off area at the top of the field under the large old oak tree, which is protected by a TPO (tree preservation order), is used by villagers as a peaceful area to sit and enjoy a delightful view over the village. During the year a broken fence between the meadow and private gardens has been replaced. ## **Chair of Trustees’ Report** 2025 was a particularly busy year with preparing for major roof repairs and renovation for Westmill Village Hall and the adjoining cottage. This involved appointing Whitworth Architects and Surveyors to produce a detailed specification of works required and inviting several building companies to submit their tenders for carrying out this work, which is planned for the summer of 2026. It is the intention that one of their partners will project manage this important work. Several grant applications were submitted to assist the Trust with meeting the costs for this major project. Two of our trustees resigned during the year due to moving away from Westmill and two new residents were appointed to replace them. The Trust was managed by six trustees throughout the year who all made a considerable contribution towards the running of our Westmill charity. This report has been prepared in accordance with the General Directions given by the Charity Commissioners in the Charities Act 2011. Approved by the Trustees on 19[th] March 2026 and signed on their behalf by: Lady Julia Carter of Coles Chairman of Trustees 4 T & M GREG TRUST ## INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES ________________________________ We report to the charity trustees on our examination of the accounts of the trust for the year ended 31[st] December 2025, which are set out on pages 6 to 8. ## **Responsibilities and basis of report** As the charity’s trustees 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 charity’s accounts carried out under section 145 of the 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 and 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: 1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination. 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. Mutfords Hare Street Buntingford Hertfordshire SG9 0ED John D Kilby & Co Chartered Accountants 19[th] March 2026 5 ## T & M GREG TRUST ## INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31[st] DECEMBER 2025 _________________________________ ||notes||2025||2024| |---|---|---|---|---|---| ||-------||------||------| |RENTAL INCOME:|||||| |Village Hall hire|||£ 6,241||£ 6,159| |Village Hall Cottage|||8,600||10,180| |Almshouses|||18,000||16,800| |Allotments and Recreation Grounds|||4,526||4,447| |OTHER INCOME:|||||| |Investment income|||3,931||3,828| |Bank interest|||380||251| |Bank service compensation|||-||50| |National Lottery Heritage Fund|grant||46,447||-| |Donations:-|||||| |Wag Entertainment|||100||| |Westmill Art Exhibition|||||5,906| ||||---------||---------| ||||88,225||47,621| |Increase/(decrease) in|||||| |value of investments|1||799||6,515| ||||---------||---------| ||||89,024||54,136| |LESS EXPENDITURE:|||||| |Repairs and maintenance|2|£ 11,077||£ 16,554|| |Village Hall roof project||8,366||11,738|| |Electricity|3|2,222||1,337|| |Water rates|4|606||578|| |Council tax||-||-|| |Subscriptions||284||346|| |Insurance||2,552||2,330|| |Legal and professional fees||1,434||941|| |Stationery and Sundry||232||4|| |IT, Website & Internet||334||96|| |Donations granted||-||-|| |Accountancy||720||690|| |||---------|27,827|--------|34,614| ||||---------||---------| |NET SURPLUS for the year|||£ 61,197||£ 19,522| ||||---------||---------| 6 ## T & M GREG TRUST BALANCE SHEET 31[st] DECEMBER 2025 |BALANCE SHEET
31stDECEMBER 2025|||||| |---|---|---|---|---|---| |___________________|||||| ||notes||2025||2024| ||-------||-------||-------| |FIXED ASSETS:|||||| |Jackson’s Meadow|||£ 14,745||£ 14,745| |CURRENT ASSETS:|||||| |Investments:-|||||| |M&G Repair Fund||£ 53,446||£ 45,915|| |CCLA COIF Invest Funds||133,897||140,629|| |Cash at bank:-|||||| |Current accounts||6,346||11,990|| |Deposit accounts||86,865||20,829|| |Debtors and prepayments||1,294||1,258|| |||----------|281,848|----------|220,621| ||||-----------||-----------| |TOTAL ASSETS|||296,593||235,366| |LESS: Creditors and Accruals|||(720)||(690)| ||||-----------||-----------| |NET ASSETS|||£ 295,873||£ 234,676| ||||-----------||-----------| |Represented by:|||||| |CAPITAL FUNDS -|||||| |Balance brought forward|||234,676||215,154| |Net Surplus/(Deficit) for the year|||61,197||19,522| ||||-----------||-----------| |Balance carried forward|5||£ 295,873||£ 234,676| ||||-----------||-----------| Approved by the trustees on 19[th] March 2026 and signed on its behalf by: Lady Carter of Coles Chairman of Trustees 7 T & M GREG TRUST NOTES TO THE ACCOUNTS YEAR ENDED 31[st] DECEMBER 2025 _________________________________ 1. These accounts have been prepared on the basis of historic cost (except that the COIF and NAACIF investments are shown at current market value) in accordance with Accounting Standards and with the Charities Act 2011. |||2025|2024| |---|---|---|---| |||-------|-------| |2.|Repairs and maintenance||| ||Village hall|£ 811|£ 2,079| ||Village hall cottage|4,698|3,265| ||Almshouses (Nos 1&4)|1,158|6,165| ||Childrens playground and other areas|4,410|5,045| |||---------|---------| |||£ 11,077|£ 16,554| |||---------|---------| |3.|Electricity||| ||Village hall|2,222|1,337| ||Almshouses|-|-| |||--------|--------| |||£ 2,222|£ 1,337| |||--------|--------| |4.|Water rates||| ||Village hall|389|324| ||Almshouses|-|-| ||Allotments|217|254| |||------|------| |||£ 606|£ 578| |||------|------| |5.|Restricted and Un-Restricted Funds||| ||Restricted Funds|5,829|5,906| ||Un-Restricted Funds|290,044|228,770| |||----------|----------| ||Total Capital Funds|£ 295,873|£ 234,676| |||----------|----------| 8