Ch¥My Ik+: 235m ILCHESTER REUEF IN NEED AMD EDUCATh)NAL CHARtTY ANIIUAL REPORT AND ACCOUNTS YEAR EMDED 31 DECEMBER 2023
ILCHESTER REUEF IN NEED AND EDUCAT1014AL CHARITY CONTENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Trustees. report lThJapeTrJent examin8¢s re1 Receipts 8fKI payts artt Statem8nl of assels aThJ liablths Notes to the accounts
ILCHESTER RELIEF IN NEED AND EDUCATNJNAL CHARtrY TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECE¥BER 1033 Ilthestef Relief in N•8d Educalwal Chwty 13 a reple1 tharity No 2235578. Its a(Jrèss k8 clo MTr K Elston. Cled( to Ihe TrUStS. 15 Chlton Gr(Ne. Yeovl, so[r5e1 &1214AN. Mrs Elston is Ihe onty employee Ip8rt.Iwn•l ol the tharity. The charity is regulated by a stheTf Sèt up by the Charity Cmnws5ion f England 8nd Wales, r8placitvJ the Ilchestsr AjMSh Chanty aThJ dat 21 Septemter 1984. Ouring 2023 TThKstees wwe'.- Mrs Rachel Frampton (Chairl Mr Stgven Marsh (VI-alrI Mrs Clara Paer (appointod January 2023> Mr Jonathan Coulson Mrs Hilary Panter Mr Philip Horsington Mts Ann Faulkner Three of thè Tntslees are appo•ited by the IlrJstw Pwish Council aThl servtr a r)d of 4 r$. the remaining 4 aro Co-opted by thg Trustees and seThe kn a peri(J of 5 [s. TherB has been newTwsteg * the beginnir¥J of 2023, hhr5 CLare Parker a$ a cwted Truste8. The object of the charity is tt4Dfold. K(WK16 Rebef in Neod 8ither or ilIvIdual to pemns residenl in lh8 Pah of Ilchestw. and sec4)ndty in Ihe Pr01Tort of Educalk ol perscffjs denl in the Parish of Ikhester. A financial need rrnst ostatilisw for Reli&f N•8d aFvlicalvm. Th8 chariW5 irtome is deriv¢d lh8 rents fwrnland ryAr9d mainty thg Parth ol Stod(knch grftod to the chaTlty by RotrrtVeal in the 1 w)tury. Further irt(Jme is derived frcm the intemst cn tharty inveStnts. The invostm&nt capitsl Is tTh)t used to award grants. Tntstees a afw8ys interested in •xWwig wicha&ng adth'tithal land but unfortunaldy ther¢ hove rKt been any ¢¥WOrtunitsS during Ihis finanoal year. During ihe ye8r rnany iTrJividuals ha¥e rewed granis under Rel in Need arwj Education. Where a fin8naal need has been eslablished many 9rwps in the ¥dIa. which indLths those involv&J in th8 advancement of education, have rece¢ved lts. sne univwsity aTrJ le9& stlerts have rec•iv&J 9[ts fortravgl. bocs. trips ètc. In line with Ihe Charities Commission advice th6 charity cthtinues to fevtgw rts Risk Ass•ssNent and Child Protection Pol"cy on an annual basis. During 2018, the drity intrcduc8d a Data PT0tèth"C Polw that indJd8d a schedule for the retenti ol docurrents to ¢nFJJre it was c(xnpkn"ant wih the data proteLfjon legislatK)n and Ihe Gener81 Data Proiection Regulalicns. knli came into eff•# 25.05.18. Tha tharity is rggistered wth the Infomiation Commissionerfs Office. An independent examinalion oflhè Lthaiitys actswnts has be wthrtaken by Ferri5 of Albert Goodman countanis. R Frampton Chaimian Dale: 2S. DL.aL4 For and on behaff of the Tw5teos Pagè 1
ILCHESTER RELIEF IN NEED AND EDUCATIONAL CHIlTy INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEIIBER 2023 Ind•p•ndent examlMTs rwort to th¢ Trusts•s ol Ikh•st•r Reli•f in N•ed and Educatlonal Charlty I report to Ihg tnjstees my mInat ot acccmjnts for Ilchester Relief in Need Education81 Charty I"Ihe d)arty"I for the year ended 31 DeeAmber 20Z3. Ré8ponslbilitiÈ• and basis of Tport As the charity trustee5 01 charity are responsbk for the kyeparalion ol the 0)Unts in accordan with the requirorMnts oflhè Chariknes Act 2011 (Ihè 2011 Acn. I rèport in reSpt of my examination of the c$ accounts carried out Lmder sÈ¢)n 145 of the 2011 Act and in caryyng out my examinal¥Jn I ha fokbtd all thè appkatilè DweciKJns gven by the Chanty Commission under section 14515llbl olthe 2011 Act. Indgpend¢nt examln•¢8 stal•memt I have completed my 8xamInl. I confim that no mala31 matters haTrM come to my attÈntH in connedon wtth tho examination giwng m8 cause io bdieve that in any ffoterial resp8c£ a¢¢ountiThJ records were not kept in $[Cl of th8 drity as required by $8ct)n 130 of the 2011 act., c 2 th8 aCcLnts do not ts)mk with tl)ese I0[d$. I have no Concerr aNI h8ve cThne across rAlw matter5 in connecbon with the examnatK)n to which 0tt8ntion shwk1 be drawn in tli5 Tewrt order to eTbto a understsndKw ofthe to te reathl. Michelle Ferns BSclHons> FCA DChA Albert Goodman LLP Chartered Accountants Goodwood Housè Blackbrook Park Aven Taunton Somer$9t TA12PX Date. 15/091)0? Page 2
ILCHESTER RELIEF IN IIEED AND EDUCATIONAL CHARITY RECEIPTS Ahlo PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Expendabh In¢omg lund 2023 2022 R•c•lpts Incornè r•cdpts: From assets.. Rènts Interest on cash deptsslis Diwdends and Inlwest from in¥estThnts 27,894 357 22.049 50.3 27.895 72 21.275 49,242 78 l)onations Total re¢•lpls 50.300 49.320 Paym•nts Charitablè aeti¥ity dlr•rt •xpfrndltur¢ Charitable panents 38.841 32,1C Other •xp•ndlture AdministralKJn expenses Propety expenses 9.376 2.160 7.896 1,681 11,536 9.577 50.377 41.677 Ass•t and Inv•stment purchw$ Total paym•nts 70.377 41,677 N•t Ipaymentsyr•¢elpt8 tor th• year 120.077) 7.643 Bank Cumnt and BUSInS Reserv8 accounts at 1 January 2023 29,282 Bank Current and Busirw Reser¥e at 31 December 2023 16,848 36.925 Endowm•ntfvnd 2023 2022 8alanee of cash and inveslments at 1 January 2023 Asset and investrnenl sales Asset and investment pur¢hases 446.109 446.109 Balanc& of cash and inVe$trrts 8131 December 2023 466,109 446.109 Pagè 3
ILCHESTER RELIEF IN NEED AND EDUCATIONAL CHIAITY STATEMENT OF ASSETS AND UABILMES AS AT 31 DECEMBER 2023 2023 2022 PernMn•nt Expendab Perni8nent Expèndable •ndowment Income •nd¢>wment Incom• fund fvnd fund fund Mon•tary assets Bank Business ReseNe acccwml Bank Cvrrgnt acwunt 23.376 (6.5051 509 39.093 12.1681 16.871 36.925 othor mon•lary a•th Debtors- rents & dN#l8rKIs PrepaYmts 6,974 420 6,974 420 7.394 7.394 Liabllltlg$ AGGruals Deferred inc(Mne - nt gnd wa£aves re¢eNed in advance 1,478 1.478 3.076 3.076 Non mon•tary •ssèts Invèstment assets Quoted secuntie$ 445.6 Land and building5 held fty investment purpcw {freeW lille v8sled in the Official Custodian for ChaTtti8sl: 67.62 aw al Mannings Farm. Sto¢klinch 68.509 acres al Brakès Fami, Stockh'rKh 2 fields comprisiTh3 2.382 acres * Stocklinch 3 fields comprising 9.444 acres al PLkIng1( Farmhouse and 0.166 acres al Brakes Fami. Sl(KklwKh Part OS 5900 estimated at 13.38 3CffjS OS 7100 cornprising 0.08 acres Part OS 6600 estimated at 0.42 a8$ OS 8510 comprising 0.13 aues Part OS1900 reservoir fEld estimated at 14.77 a(¥es Part OS 2070 reservoir T1 &stated ai 0.79 acres OS 4886 off Street comprisin9 1.5 acres Part NG 1900 estirnateij at 13.89 acres Part NG 1839 8Stimaled al 4.14 a Thi8 constitutes Th8 Paland al (hvl SITeet. Sto(linch comwsiNJ 14.01 acTes in toial Cost £77,2(K) R T Frampton Ch8 Date. z4. 01. 2ifr For and on behalf of the Truslegs Page 4
ILCHESTER RELIEF IN NEED AND EDUCATKV4AL CHARITY NOTES TO THE ACCOUNTS l¢¢)ntl FOR THE YEAR ENDED 31 DECEIIJBER 2023 2023 2022 5 Adrninistration ¢xpenw• Clèrk's salary Independent Exarnine¢s fees Annual dinner Payroll lees Clerk's expenses Room hlre Land Agent fee5 4,428 1.140 338 360 179 82 1.550 161 42 2.047 9.376 7,896 23 2022 6 Propèrty eXn5 FiTe and general insuran Repairs io buildings 1.813 347 1.681 2,160 1.681 P•nnan¢nt endOonI 2023 P•mian•nt •ndowm•nt fund 2022 7 Other quot•d In¥estm•nts Market valu¢ Coat 31.12.2023 Mawk•t ¥3lu• NomSn*l Cosi 31.122022 BLK Charitfj8s UK Bond Fund A I BLK Charitkns UK Equity FWKI Inc 110255.650 66.181.296 197.740 154.354 103,050222 187.740 473.930 64.746264 257,860 146,418 409,294 628.284 445.fjC4) 555,712 8 Trustees. rgmumratlon None ol the trv$t$•$ r8ceNed Y rneration durirvJ Ihe year (2022: none). None of Ihe trustees wére reimbursed trcosts inrred duriryj th8 yoar12022: Th)ne). Page 6