MILTON BRYAN CHARITY CLERK TO TRusfEES R KNOX The first grant of land to the Chaiity Estate In the Ancient Parish of Milton Bryan was in 1424 by Mr Thomas Stanford of Westminster and a Mr and Mr8 William Lucy of Flytwick and comprised thelr tenements, mead(Ms, woods, etc in the town and fields of Milton Bryan. Subsequent grants were made by a variety of people which were consolidated and made permanent by Henry Vlll in a Deed dated Juty 1533 to the use of the inhabitant8 of the towne of Milton and their successor3 forever. Some year5 later in 1556. more land was added and a new Deed executed which further clarified the Objects of the Charity to the use of the inhabitants of the towne of Milton and their successors forever, the proffts thereof from time to time arising to be converted to whatever use whatsoever at the proper time shall be necessary for the inhabitants and their successors inhabitants of the town aforesaid. The objects of the Chaiity are the same today. The Charity possesses a small farm and 10 cottages in the village - some of them have been occupied by the same families for generations - for example the Creamer famity appear in the rent ac(x)unts of 1800. and a Creamer is still INing in one of the houses. The TrUStS letting policy is that the properties are openly offered on the market with preference given to people with village connections who meet certain affordability requirements. The properties are to be let at best obtainable rent in accordance with The Charity Deed. For the past 25 years the profrts, have been used to provide winter fvel grants to qualifying pensioners in the village and modemising and maintaining the properties. During 2023 additional significant grants were made to the Milton Bryan Parochial Church Council to support critical work to secure the church building and to another local charity that runs the Flittabus communty bus service. The Trustees foresee that significant expenditure will be required over the coming years to upgrade unmodemised properties and to ensure that the properties comply fully with forthcoming legislation, especialty related to the energy efficiency requirements. The Trustees have created a reserve account for such use. If finances permit, we propose to continue to build such reserve at the rate of £4.000 per month. The Trustees conslder that the Charity can meet this need, and that It Is withln the Objects. We have continued to folk>w the above policy during 2023 in accordance with our objective8. 'LYNDHURST'. WATLINO STREET. H(XKLIFF& LFJGirroN BU72ARD. BEDFoRDsHI LU7 9U. TEL: (01525) 211 (X)7
RF.GISTERED CHARITY NUMBER: 232832 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 FOR MTLTON BRYAN CHARITY Graham Hunt & Co Chartered Accoiintants Unit 15 Hockliffe Biisiness Park Watling Street Hockliffe Bedfordshire LU7 9NB
MTLTON BRYAN CHARTTY REPORT OF THE TRUSTEES for the Year Ended 31 Deceniber 2023 The tnistees present tl)eir report witli tlie financial staleinents of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accoiiiiting and Reporting by Charities; Statement of Recommended Practice applicable to cliarities preparing their accounts in accordance with the Financial Reporting Standard applicabl¢ in the UK and Republic of Ireland (FRS 102) (effective l Janiiary 2019). STRUCTURE GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charfty number 232832 Principal address Lyndhurst Watling Street Hockliffe I£ighton Buzzard Bedfordshire LU7 9LJ Trustees Mrs B M WIckens Trustee (resigned 29.11.23) J Hinton R Friend S Harris Mrs C Francis T P Mccann Independent Examiner Graham Hunt & Co Unit 15 Hoc]diffe Business Park Watling Street Hockliffe Bedfordshire LU79 roved by ord r of the board of trustees on l October 2024 and signed on its behalf by: R Friend - Trus Page I
INDEPENDENT EXAMTNER'S REPORT TO THE TRUSTEIS OF MILTON BRYAN CHARITY Independent examlner's report to the trustees of Mllton Bryan Chfirlty I report to tlie cliarity trustees on Iiiy exainiiiation of the accounts of Milton Bryan Charity (the Trust) for the year ended 31 Deceinber 2023. Responslbilltles and basls of report As tlie charity trnstees of tlie Tiiist you are responsible for the preparation of the accounts in accordance with the requiren)ents of the Charities Act 2011 ('the Act,). T report in respect of my exaiiiination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I l)ave followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. .Independent examiner's statement T have completed Iny examination. I confirn] that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or the accounts do not accord with those records; or the accounts do not comply with the applicable requirements concerning the fonn 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. GTal)am Hunt Graham Hunt & Co Chartered Accountsnts Unit 15 Hockliffe Business Park Watling street Hockliffe Bedfordshire LU7 9NB l October 2024 Page 2
MILTON BRYAN CHARrrY STATEMENT OF FINANCIAL ACTIVITifi S for the Year Endcd 31 December 2023 31.12.23 Unre8tricted funds 31.12.22 Total funds Notes INCOME AND ENDOIVMENTS FROM Charitable attlirltles Rents receivable 75,939 71,968 Other income 6,229 2,742 Total 82,168 74,710 EX?ENDITURE ON Charitable activities Property expenditu Charitable Grants 16,693 13,576 31,377 3,888 1,114 970 Other 31,383 36,235 Total NET INCOME 50,785 38,475 RECONCILIATION OF FUNDS Totsl funds brought forward 366,652 328,177 TOTAL FUNDS CARRIED FORWARD 417,437 366.652 The notes forni part of these financial statenients Page 3
/ MTLTON BRYAN CHARITY BALANCE SHEET 31 December 2023 31.12.23 Unrestricted funds 31.12.22 Total fundg Notes CURRENT ASSETS Cash at bank and in hand 419,855 368,962 CREDTIX)RS Amounts falling due within one year (2,418) (2,310) NET CURRENT ASSETS 417,437 366,652 TOTAL ASSETS LESS CURRENr LIABILITIES 417,437 366,652 NET ASSETS 417,437 366,652 FUNDS Unrestricted funds 417,437 366,652 TOTAL FUNDS 417,437 366.652 The fllwicial statements were approved by the Board of Trustees and authorised for issue on l October 2024 and were signed on its behalf by: R Friend - Trustee The notes fomi part of these financial statements Page 4
MILTON BRYAN CHARTTY NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 December 2023 ACCOUNTING POLICIES Basls of preparlnR the flnAnclal stAtement8 The fiiiancial stateinents of tlie charity, wliich is a public benefit erttity under FRS 102, have been prepared in aecordaiice with the Cliarities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recoinniended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Repiiblic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Treland, and the Charities Act 201 l. Tlie financial stateinents have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured r,eliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs caIinot be directly. attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. Taxation The charity is exempt from tax on its charitable activities. FuDd accountlng Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the fmancial statements. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022. Trustees, expenses There were no trustees, expenses paid for the year ended 31 December 2023 nor for the y¢ar ended 31 December 2022. Page 5 continued...
MILTON BRYAN CHARTTY NOTES TO THE FINANCIAL STATfMfNTS- coiillnucd for the Year Ended 31 Dccenibei. 2023 COMPARATIVES FOR I'HE STATEMENT OF fiNANCIAI. ACTIVITIF.,S Unrestricted funds INCOME AND ENDOWMENTS FROM Charitable actlvltles Rents receivable 71,968 Other income 2,742 Total 74,710 EXPENDTTURE ON Charitable activities Propety expenditure Charitable Grants 31,377 3,888 970 Other 36,235 Total NET INCOME 38.475 RECONCILIATION OF FUNDS Total funds brought forward 328.177. TOTAL FUNDS CARRIED FORWARD 366.652 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.23 31.12.22 Other creditors 2,418 2,310 MOVEMENT IN FUNDS Net movement in fiinds Transf¢rs between fimds At 31.12.23 At 1.1.23 UreStrICted funds General fund Reserve fund 20,652 346,000 50,785 (48,000) 48,000 23,437 394.000 366,652 50,785 417.437 TOTAL FUNDS 366,652 50,785 417.437 Page 6 continued...
MTLTON BRYAN CHARTTY NOTES TO THE FINANCIAL STATEMENTS- contlnued for the Year Ended 31 December 2023 MOVEMEKf IN FUNDS- contlnued Net moveinent in funds, included in tlie above are as follows: Incoming resources Resources expended Movement in funds Unrestrleted funds General fLmd 82,168 (31,383) 50,785 TOTAL FUNDS 82,168 (31,383) 50,785 Comparatives for movement in funds Net movement in funds Transfers between funds At 31.12.22 At 1.1.22 Unrestricted funds General fund Reserve fund 20,652 346,000 30,177 298,000 38,475 (48,000) 48,000 328,177 38,475 366,652 366,652 TOTAL FUNDS 328,177 38,475 . Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 74,710 (36.235) 38,475 TOTAL FUNDS 74,710 (36,235) 38,475 Page 7 continued...
MtLTON BRYAN CHARITY NOTES TO THE FINANCTAL STATEMENTS- contlnucd for the Year Ended 31 Deceniber 2023 MOVEMEwf IN FUNDS- tontlnued A current year 12 nionths and prior year 12 months combined position is as follows: Net movement in funds Transfers between funds At 31.12.23 At 1.1.22 Unrestrlcted funds General fund Reserve fund 30,177 298,000 89,260 (96,000) 96,000 23,437 394,000 328,177 89,260 417,437 417,437 TOTAL FUNDS 328,177 89,260 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows= Incoming resources Resources expended Movement in funds Unrestricted funds General fund (67,618) 89,260 156,878 TOTAL FUNDS 156.878 (67,618) 89,260 Transfers between funds As proposed in 2017 and commenced in January 2018, £2,000 per month has been transferred to the special reserve this year. It was agreed to increase the transfers to £4,000 per month from 1st November 2019 and this has been reflected in the transfers this year. The special reserve has been created for anticipated major works and refurbishment.The trustees aim is to establish a fAOO,000 fund for this purpose. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 December:2023. Page 8
ILTON BRYAN CHARITY DETAILED STATEMENT OF FINANCIAL ACTIVITTES for the Year Ended 31 December 2023 31.12.23 31.12.22 INCOME AND ENDOWMENTS Charitable activities Farni Rent Cottage Rents 7,500 68,439 7,000 64,968 75,939 71,968 Other income Bank Interest 2,742 6,229 Total incoming resources 82,168 74,710 EXPENDrruRE Charitable activities Improvements & Repairs Insurance Professional fees Charitable Grants 7,301 3,574 5,818 13,576 22,453 3,177 5.747 3,888 30,269 35265 Support costs Governance costs Accountancy and legal fees Clerk's Salary 864 250 720 250 1,114 970 Totsl resources expended 31,383 36.235 50.785 38.475 Net income This page does not forn] part of the stattitory financial statements Page 9
IILfoN BRYAN CHARITY CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 Deceniber 2023 Page Report of the Trustees Independent Examinerls Report ststement of Financial Actlvlties Balance Sheet Notes to the Financial Statements Detailed Statement of Financial Activlties