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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 re￿1
Receipts 8fKI pay￿￿￿ts a￿rtt
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 reple￿1 tharity No 2235578. Its a(*Jrèss k8 clo MTr K
Elston. Cled( to Ihe TrUSt￿S. 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 Pa￿er (appointod January 2023>
Mr Jonathan Coulson
Mrs Hilary Panter
Mr Philip Horsington
Mts Ann Faulkner
Three of thè Tntslees are appo•ited by the IlrJ*stw 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 i￿lIvIdual￿ to pemns
residenl in lh8 Pa￿h of Ilchestw. and sec4)ndty in Ihe Pr01T￿ort 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 ryAr*9d mainty ￿ thg Parth ol Stod(knch grftod to the
chaTlty by Rotr*rtVeal in the 1￿ w)tury. Further irt(Jme is derived frcm the intemst cn tharty inveSt￿nts. 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 rK*t 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. s￿ne univwsity aTrJ ￿￿le9& st￿lerts have rec•iv&J 9[￿ts fortravgl.
boc*s. 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 d￿rity intrcduc8d a Data PT0tèth"C￿ Polw that ind*Jd8d 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 CH￿IlTy
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 T*port
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 reSp￿t 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￿ fok*btd 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 8xamIn￿l￿. I confim that no mala￿31 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 d￿rity as required by $8ct*)n 130 of the 2011 act., c
2 th8 aCcL￿nts do not ts)mk* with tl)ese I￿0[d$.
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 eT*bto a understsndKw ofthe to te reath￿l.
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 pa￿nents
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 BUSIn￿S 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$trr￿ts 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
PrepaYm￿ts
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 PL￿kIng1(
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 a￿8$
OS 8510 comprising 0.13 aues
Part OS1900 reservoir fEld estimated at 14.77 a(¥es
Part OS 2070 reservoir T￿1￿ &st￿ated 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
Pa￿land 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 eX￿n￿5
FiTe and general insuran
Repairs io buildings
1.813
347
1.681
2,160
1.681
P•nnan¢nt endO￿onI
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 r￿￿neration durirvJ Ihe year (2022: none).
None of Ihe trustees wére reimbursed trcosts in￿rred duriryj th8 yoar12022: Th)ne).
Page 6