Consolidated Charity THE TRUSTEES ANNUAL REPORT AND FINANCIAL STATEMENTS For the year endlng 31st December 2024
Con501idated Charity CONTENTS Trustee5 Annual Report Page Reference and Administrative Details Structure. Governance and Management Objertives and Activities Achievements and Performance 10-20 Finantièl Review 21-22 Plans for Future Periods 22 Trustees Responsibilitie5 23 Flnancial Statements Auditors Report 24-26 Statement of Financial Acttvtties 27 Balance Sheel 28 Cash Flow Statement 29 Notes to Cash Flt)w Statement Notes forming part of the Financial Statements 31-43
Consolidated Charity TRUSTEES ANNUAL REPORT For the year ¢Trd 31° Derernber Z024 C$011?1ed Charty (6wrLm T1 Rwstered tharity No239)72 Mr J P South1 Clerk tothe Trustee5 Flrst Floor. Glbrahar House Crown Square. First Avenue 8wton Upon Trent stsffordshire DE14 2WE Tel= 01283 527067 01283 507969 Emaa: Mr C B Robinson MBE BÈM Ci (Chalrl Mrs P LAcroyd Ivke Chalrl Mr G Brown Mi R J Clarke Mr D C Leese Mr R G F•rKher (Resign 29107110251 Mr P Odow IAppointed 12106120241 Mrs S L Pfvillps Mi55 D UptoD Re/d R F Slyles Mr K Wiliantson (Resryned 19IOSI202SI Mrsm A Heather Mrsc IReswed 03101120251 alrmrs LWa*er alr Mrs 5 McKieman air Mr S P Gask Clr Mr C D Vtdeman Clr MrD F Fthher
Consolidated Charlty PROFE5510NAL ADV150RS Soli¢ff<ors Smr£h Partnership 158 Hl8h Street Burton uwjn Tretrt StsffdShIIe OE14 IJE Johnson TKlsall LirNted 81 Burton Road Derby Oerttryshire DEI ITJ 6anke Lloyds Bank PIC 16 High Sireet Burton upon Trent Staffordshiwe DE14 IJA Rwhlon HKkmèn 186 Horniryk)w 51reet Anson CtyJrt 8urton on Trent Staflordshife OE14 ING In¥osknert Ma LGT Weaiih M4n4gennt 14 Cnhil london EC3V 3NR The Trustees have pleasure in 5ubnttrry Irr and the Fknarbcial StstefflEnts of the Charity fot the yeac ended 31st December 2024. The Financial eMentS have beeD prepore(I In x¢ordante with the (jAtIng poIIcvdS set out on pages 31 to 33 and comply with the Charity ComrntssH)h %heme. the Charitles Aci 20113nd Accounting and ReportinE by Charils'. StaterrEnt of ReiotNn¢TrdEd PraciKe to charlties weparing iheir account5 cordance with the Financial Reporting Standard applKaiYé lrt the UK and RepublK of Ireland IFRS 1021 leffeaiye l January 20191.
Con50&tht•d Charity sTrucniRE GOVERNANCE & MANAGEMENT Chari Scheme AlthLvxh the ori8ins of the charity date bxk to the le centwy. the current pro4tsions regukiin8 the purposes and admlnlstrat•Jn of tbe charity are contained within the scheme created by order ol the Cth3rlty Corwnissiners for England and w#5 d•ted 4th W 2Q)i as •mended by a special resokni.om passed 14 February 2005 and as amended ty a spla1 rescdutlon passed the 4- March 2019. The charfty Is nincorporaied. Trustees The charlty currenity ha5 se¥eMieen Tn with Th¥0 vaca5, fi¥e of the TruAee5 are nOnated by East 5tafford5hwe BOr0h Council. Nominated Tnst ts apwinied for ¥ fouT-ye4r term at a nwtir4 held accwdlw to the ordlnary pra£tlce d the apWntkng tr¥)dy. C([ed Trtee$ are appolnted for a five-year term by the twstee5 at a spKial ffetingof the lIty. Ctropted Trumees are persons Tho thro4h resIdee. Lwètknn. enwkyymem otheThthse have special know of the area of benefit. They are recrurted from the netCk cl Ic£al coThtsct5 trtjih LV by the Twstees over m•ny years. In ¢ondu¢tin£ the rt¢ruilftWlt wocess the Trustees thke inio x¢ount the rdevant sklts ond ¢xperti of theexistlll8 of trusteeswithtt airn of rethe5anY perceived weaknesses. The chatity has adopted a of cobthttin8 a lrnl iftduttion for all rth¥ Trustees. Initkn3lly new Trustees are sent an infornmikn pack contslnS key dcwnents relat to the charity and the role of trustee and this 15 followed up by a meetirg th the thrktofarrAliarise the newTru5tee with the Work1S of ¢harity.the Wl and?¢nt11rartwrk and theobllgaiionsofa Tntsiee. The rharity ha5 •tso adopted i policy ol an oD8viry P55 foi Tru5t¢t5 de5i8o¢d to enhance their knovAed8e aThJ derStandi of swif areas of interest and io keep them updated on (urrent devements. This is cafried ¢xrt on a group basis arrarqed by the or on an indwKlual $L5 thrOh extem•ltr•lnlrtK¢LNrn lrtdtpehdtht bodleAltewtWf, the Otvk m•y Issue bvlefir4 rte$ to thtTrustees. N(the ol the Trustees r1¥¢ frw the ¢harity. tw sm Ye¢elb for out of F#xket expenses. anisational Structure Dettsiohs a made by ihe T*tee$ ai meetirbgs of Imxh the 141airb ComNMttÈe and the ¥aiious sutrfommittees whlch ha been set to aid the srrooth ol charSty. Some decis$ of the s<0MMrtlee5 rt4uire r•tiflc•tn by the MJin The ad41$1raI of thechatKyls perfwmed the and theA55tstant Oerk. Tho Pdicy and ReUltS Olee Ss re9)0bI managM¥ the firt. athlintraI1on ar governance ofthe tharfty. Ihe mshUu5s i5 re5porNi4EfDlthe managerlt irfthe alrnshcwjses.
Consolidated Charity Granis to organi5Jlws owe awarded by the Comminee. Grants to iThJrrfithJals lor relief in need are awaided by the nall Grants W(0miltet. The EducalK>nal -colnI1[ee Is resFrtM75th for gNinx financial assistaDce ihe lorm al 8ratbts to Individuals For the purpose of advanEin8 theii e(kn&tTr or perxwl devebpment lincludiThe srxt 3t)d the arts) ènd alx) awards buryrs to Students t3kry unNeiyty degree courses. The Sub.CommQtees are made as folk)ws.' Policy and Resources Almshouses Mr C 8 Robkn50n MBE BÉM DL IO•iil Cllr Mrs P L Ackroyd IVK¢ Chalrl Mr G Brown Mr5 M A Heaiher Mr O C Leese Mi$ 5 L Phmlips Mr K WllliJmson [Resi#n 19105120251 Mrs P L kkroyd (Chairl MrG Brown (Vice Chawl Mr K William50n (Resiened 19105120251 Mr DC Lee5e air Mrc D w1knn Mrs SL Phillips Mr C B RobInJ MBE BEM DL Cllr Miss McKierrtan Mrs Cmahon IResvined 03IOID0251 Small Grants EducatSonal Mrs S L Phlh"ps Ichairl r R G Fargher (Vice Chairl IResvgned29107120251 Mrs P L Ackroyd Mr R J Oarke Cllr Mr S P Gaskin Mr C B Robinson MBE BEM DL Miss D Upton Cllr Mrs L Walker Mr P Clulow IAppThThled 1216120241 Mts M A Heathei lthairl Mr D Cleese Nice Chairl Mr RG Farehet (Reswed 29107110251 Olr Mi D F Fletcher Mr D C Leese Mr5 S L Philhp5 ftÈrfd R F StWes Miss D Upi Mr P Clultr* IAppothted 1216120241 Risk Mana ement The Trustees tnarbage ènd 8ovein the charity in sh a V ès to rNThmise exposLKe io any p)ieniial risks. be they go¥Èrn3nce. operational. financial. c(xnplkince or other rlsks. th15t ensuring that the objectives ad Operatic of the charity are not iornpromised. Quring the year ri5k5 10 whKh ¢he tharity ttyJld have been exFosed io weie Identif and revièwed the Trustees and system501 pi¢cedures have been established lo rnanagE tIK)5e rtsls.
Conso4dat•d Charity The objects ol the charity are io tenetst the inha"ts of the tovm of Burton upon Trent and the nei8hbDuring parishes of AnOw. Under Needth. Bnn5ton, 8rizlinci)te. Dun5tall. Hanburyi Strettorb. Tuttry. Rdlesion on Oove. Tatenll and Ran8enMMe and extstin8 tThil p•rish of OLrtYM)ds and OutwctrJ5 South. The provi$Tr d •knshwse ¥c(xhnw)diM kythe pw. The prOnn of any chanlable puip)se thrOh the of flThan(tal asslstsrKe th IndKTlduals w aré in need and to tsr%ani51tv)ns stwvt the ctrfrNThity. Aims In Cond18 the busthess of the Ch•rity.tFTwsttts h•vethe fdlwrf•lms'. A. To operate a sullKknt numbw d almshwses th Saifjsfy the need indeFndent accomnK4Jath)n for qualfyiw residents. 2. To rèpair and maintsin the charty's akn$1KM to the IM#lt&n&s for the bènefrt ol future generaiioThs. To rreet requestsforfirkiKial assistance frorn intkth15, re5xlent in a of benefft are in 1 l)v reason of youth. age. dlthealth. dtsabdity. fitsarwl hardship orotlw diuthf•nla8e. To offer financial supp)rt to I111dal$, resbjeni in the area of benefll for ihe athlancement of thefjr tdLation or ptr50nal dV1eh)pnt lintludry SEaTrd thèartsl. To oller fman¢ial assistan¢e to hot4or-profft ¢y8•ni1$ watifi8 for benefit of the lo¢•1 communfjty. 6. To maintaln a high level of awarene55 anKrfVt all ¢$ of the ktsl commrfty of the avalknllllty of the th•rit5 41mslK)uses and it5 ¥•tw grwt 5cheme5. Ob"ectives TheTrusites 541 the fdlwirvd Ma lottheye4r. To balance the bLet so that income generated matches expenthtuie over a fve-year peth)d, tsklng into tmsideration eePtlI 1n$ and h)55es the In¥estrrtnt Portlolio. To ensure the relurr from the charity's 1nVtstmts meei the tarws spe(ffied In ihe Investment PolKy. To maint•n the short-temi adjustmint to the Investwt pMlol to f•vw wjme th0h to jeoparthse sf8nrfkantly capfjlal8r0¥. 4. To revlewth• returns from the chwW5 knvesiment propErry and the Heh Str•et Fryertles particular. To keep the almshoe$ with a ofgbXo¢¢yparyomthe ye¥. & To keep the aImS)&e propertiesmaintsined and in Cond1. 7. To offer Cory0rt and supp¥)rt to the residents by WC•Yth"D8 war¢kn a55lstanceaTrd an effKlent and Tesporbsive comrrnmity call system.
Consolidated Charily 8. To manage the xheme for 8rafits io Organisat$, 8rant5 to fi)r reff in need and 8rant5 to ifidividuals fof educaiion and personal deveknrfflent lintluding sport and arts) io serve the need5 of 311 sertors of the local rommymity To m4noge the Bursary Scheme and award forty bursaries to nM)St de5eThin8 stents. 10. Ta monitor grants awarded to not.for-profit w83nwtions to ensure the Charity's resoue$ are ytiloed mè¥irnum effecr and For the pubk benefit. 11. A(k¥)t a rEVi5ed Investment Pol Statementwhth is robust artd effett1. Strate ies&Si nificant Activitie5 In ordei to achipve thè (JectIveS. the irustee5 adopted thÈ fdkMin8 straiewes and carried OLrt the foll¢)win8 signilitani actniities-. The ma Commiriee nN)niiored the and disiilbvlion of gr3nt apphcatKbn5 frorn or8anisalion5 afid h) each case cornsidered whether or Trot an awacd would be of pdAi¢ benefit. The trustees mDitored the owoing distr1bLrt and fvture sustaabIlity of grants consthred vthether art award wouh be of publK benefit. The Pdicy & Resoufces s(0MrtIee detaiw man4Thent èttounts on a quarterty basis. Actual Intorne and expenditure were c(Mmpared against the budgei and ihe perfOrnCe of the charrty s flnancial and property InvestmÈnts was Ch)se scrthini5ed. The PICY & Resouices Sub-commiriee cOndle 6 revw of the Charity's comnErcial property in5urante ariangernents and the provision of trustees Ir1denltY insuran. The Pokcy & Resources Sublommittee liaised closely with the Main Commiiiee and ihe other 5ub<(xnmittees io enswe that anipaled expendilwe ¢oukl be met within the overall bgetary constraints. The 5rnall Granis SUCmIltte met re8urty io maha8e the demand lor rel1 in need 8rant5 stheme The knall Granis SulFCommbttÈe also liaised wth local suppon hBencie5 to promote the scheme and ensure rt remained rdÈvani and uselvl iothose benelKiaiies rrK)5t r¢d ol asstsièthce. The Almshouse Sublommitiee met regurty to exercise control over the management of the almshouse propertes and iewew the wehie ol the almstK>use residenis. Duri the year the Sub. Committee eonlinued vjith the refuibishment schedule as propertie5 became vacant and appolnied n2W res4dpnts to available woperties. The Almthouse Subknrnittee a150 had responsibility for man•gnE the employment of two wardens and conducted apprai5è15 of rheir performance and managing the operaiion of community cau system. EdLKatiol Sub-commiiiee rnet re£darly to consKler the OPEratKsTr of the educatlonal gr•nts scheme The CoMrllet a150 reeWed the wrt)fkin8 ol the bursary scheme and li•i5ed wilh headieacher5 and heads of sIh form an ad hoc ba51S.
Con%Aid•t•d Charity Grant-makin The Tru5tee5 confirm they have refwed to thÈ Chaity Commtssin's 8enernl on puNit nefit Wh seubn8 tlbe charivs vantnarrf Fdtles. Foreach sthtrne. the Trustees •im io make the appkatbn pr(w as sln¥Jle as whllst extyactlngthe key information nEededto make a law and balènced de£65knL Each Scheme 15 alhxated an arnval to whirh the Trustees ieneramy aim to adhÈ¢e wtththrt It letteri tli41$¢tIOn coffisidwlngthe merlls of any. partar apF41catbTh. A. GRANTS TO ORGANISATIONS Applicationsfor #rnfits fr¢m ty8ans)tions ¥e tythe Paakn C&M7lItte wlich Current mewslour tlmes a year. t¥n of these meeiirsgs are yant award meetiirts. It is the TTUStees' pollty to award i bmd range ofgrants to a cross-sectw ofthecrmmwlty. Applkaiionsfrom orwlsaiiorts are (awrtsed a5folo¥ts: Heakh. Social weare & Care Sport. RecreatloTr & leisure Ethjtaiion & Youth Devel¥t Voluntary Grovps- 8Lth Voluntary Grow5- Equiwnenl Voluntary GrO5- ththeads Faith COMftnIty. Envoronmental & HerRa8e The overrldlni w1ncle ts that each grnni atatlon shrJd be considered on its m2rits. The Trustees, wlthout fettering th•"r dlsuetion. effi5idev the folbwink ouestth5 when conslderfng the m•ffjts of an aPp1Kat.. What proportbn ol ihe ber5 are re&t in the•w of btnt17 How many benefici¥iÈs are there lthety to be7 Is the appncèThl based ID the e0 of neffit? Fh)w needy or8ani5atwltneficiaties? h)wessenthl ts the Item appld I¢ to the runnkn8c4 the oryni5Otion7 Whot Wld be the detriwent to the oppIKanVcnnlty ifthe Brant was made? What reserves thxs the applyknE organation have in its balance Sheet? Has t3•Tht 5jght1kry Ifomelsewlre? Wlwe the applicant is a dub iih member5. hknEtlw gerrated some ol thdr lund5 for thernselves? The Trv5tee5 also take •t<¢t of the p•st htst(Yy of 4pplations afid awards to the appllcaTht. This knclud¢5 PU*ty8en to the chary. comp4arKe wfth mnknrkn8 w0CreS3nd the irwrt made by pre¥u$ grants.
Con501idated Charily B. RELIEF IN NEED GRANTS The Relid in Need grant xheme ts tor wpbe drfliCv c11cmtanceS who are in need of ill. health. disabrfiiy. ftThoncial hardship or olher disa¢hfantagÈ. The scheme primarlly wo¥hSes fv"nandal assiare lor those in need io wehase essentL71 Items such as.. Cookers. fndge freeiers and washry mach.nes C¥pet5. furniture •nd bedthn Mobility aids School UDrform5. All applicarK)05 must be acc0nwand by a tter of frc¥h a sUPPOrt worker or oiher suitable prole55K)nal arbd wovidE pr1 of irTht and expend(ture. AthKatw)ns 3ce (c$1dered by the Srnall Grant5 Subiommiitee anongoing basi5. To pr•YtAt abuse of the Syst thetrnstees ha¥e adopted the follow6ng gukJelne5.' Trustee5 will Trotaw3Td grants io£Fear debt. The mè¥lmum award al items is £750 perye•r_ A maximumof three appIall$ wll be 3warded in • fiNt year per•xl. C. GRANTS TO INDIVIDUALS FOR THE ADVANCEMENT OF THEIR EDUCATION OR PERSONAL DEVELOPMENT (INCLUDING SPORT AND THE ARTS) AtW*4tK)ns ale ¢onsi(kn¢d by the Ed3nal 00 ary on8n8 basis. Clear evidence of ihe need for financkil SLlPP)rt musi bedem0Th5trated. Thp maxirnurn award is £31I1 in any AOicants must provkle e¥hJeKe that they ho¥e a the trIe. tvent or KKOjttt f¢y whith thev are seekinz 055i5tarKe
)> Con50lid•ted Charity D. BURSARIES ApplicatK)ns are con5ideted try the Ed3tH)nal Sth¢ommittee. appknCS MU be acccmpanled by a personal atementfIOM the applKaTri and a Cf1111jpwrbWsts1erneTrt fiorn scw or ¢oMe8e. 8ur5avies are PaKI for three ade >ars ¢ a ree course and no nIS AII be made pahj placements. Paymenis be made If the applirant tVKknce that satisfartw pro£$$ Is befj made throv81 ihe cowse. A maximum ¢>f fffji bwsarfes are awarded each year In extepip)nal (oalesthIs mèy te increased at the dlxretlon of the Tntstte51. cons1(1# the ¥or4S th Trurtets a$5tss t¥¢h applltèt according to theldh)winK uiiri•'. AnarKI need A¢ademi¢ ability Leadevship positior of {esp11Y andin¥dvenrnt in 5¢thod LYr(NThnunty •£tr¥ities The maxlmm award Is £1.6SO. eqUalo¥er1hree year
Consolidated Charity ACHIEVEMENTS AND PERFORMANCE Balancin the bud et The Trustees but2d to repDrt an i)peratinK sUS of £122 ¢wer the year The result for the year is surplus 01 £76.621 the maTr)r differeThce5 beir Incc• received was N8her ihan empecied by É38,(KKI. Investment yoperty repalrs totalled £17.936 an Increase in spend of £12.859 over Iet. During ihe year Ihe (harlty has continued Ihe major repair and improvement wo&r4mme started during 2016 to the Alm5hw5e5 ¥nd the lotal 5perKI fortheyeaw w•5 £38.9rffj. Org3lliSat 8ranis 3waréed were £33.677, than bl8tell and Tel in need ptyments were É2.804 hvdher iharb d£tIe¢l. er the 5 year pe0. there is a sur$ oflbKomeover expenthure. AlYsIS ol wKome •rnl bel•r•wmWKains •nd losses 1.24 Analy$l$ of Incomè and Expendiiure belore unrealisedgains and losses 2021-24 ifvThTh.y.- Investment Performance ThetÈ was a deciease ith rental int¢%ttetoEJI8.IcKI. hovfftr. octwncy level remains high. Theie was an irKrea5e 017% in in¢M* from finats£1 InvtMnt$. The capitèl value of linamcièl nvestmenl wrtfolio increased ty 3%. io
Cons(dthtod Charity Almshous AlMsh(Se5 are dllinKs prLF•iW ty • nt( kn people In Theed and administered a Èody of ¥oltary trvstees. They wovidè disaO4anta6ed Feopbe. ny)sily elderly. 4¥ith attwdab Sin¥ enablin¥ resSdenis to retafjn the¥ iThJependence and to Iprt in thvr kntal torrnthity. The Consolidated Charity $ 29 almshouse5 in Burtcrt Tt ran8ln8 from listed IKJildln65 to bungalows swead over sites in Burt(ffi IWellin8ton Street and Ran6emre Streetl aTrd two sites in Winshill IHawWd La and WIEatley Lane). The rharlty emth5 warde05 to InCt the almshouses on • d•ity $1$ and vtsit the SIdents to emswe thelr well-belng. The charlty th)es wovfjde Ca or medkal assistance. [jr£ the year the charrty employed one fdl tsmE w•rden and part- timE wardEn. Stsff tosts for the yÈaT amounied 10 £3Q315 I20. £31M41. Th ¢fr4r7ty ri0111$ a tomnythity cal sy#em at a cost thlsyear of q52412023: £10.3531. wdrinoon5treet There wa5 an Irrtrn•s• ifi w••kfy m•h)t•n•rKe hKom• to £153.995 as the 0pan knl remalns ht8h. 12023.. £139.94SI. The totsl otcup•nty levelftythe yearwa5 WA whh Wa$abe the set iarget of90 aosely advtsed by the char5 WOFerty aynts the trustees spent a total of £87,12012023.. E75.8571 during the year on the Ma1enance #od upkeep of the almsho$. The have commlrted to a ccffiwete TefiJtbishmÈnt prrnme ofthe m$hoL as and then they tecome avallable. In accordance wilh the chatirfs drxument. the Irustees have estabwied an Extraordinary Repair Fd to o¥lde for the eXtraordiry repalr, Imprryeffenl iy rebulldiT¥ of the •lmshou5o and • CyclK•l Fund to wo¥ide fLV orth.nary malntenance and repair. At the year end the E[ordInary Repair Fwd awwlted to £20,235 and the CyclKal MaiThtenance 23% T Trustees also made provis1c of £259.940 vki thÈ Extraordknary RepairTopUp FUTh The tesidents are charged an a¥rage weekF¥ mah)tenar contribjibn of £102 ptrweek. li
Consolidated Charity Grants to Individuals A. RELIEF IN NEED The CTIlY rOgnISeS that many people can fiThJ themsehfes w) difliculi circumstances olt•) thwugh tho faLdt of their own. Whllst the state 0Vide5 a wde range ol beTrefits ènd SLwpJn thece are some iThst3Dces wthere 0e r help andthe state ranrK)l a5ysI. The Trusiees received an increase demand for the over ihe year Idlwin8 a swcesslul sUPPOrt wothr meetin& olferlNd an fNeNiÈW of the aPlt81>rt wocess and awareness to local support workers in the commlmlty. 2024 a total of 162 Rrants were awarded ioiallknE E9Z.8N12023'. 142 IallfiR £82,759). B. BURSARY SCHEME The bursary scheTh aim5 to help ) maxwnum of frth underEraduate stLthnts residerst in the chority's area of benefv wrth the tosis aslIted with Siuthng for a uAivetyty dec. The Trusiees 1rlUced the scheme In I9 In the wake of the red1 lrn stthknt8rants and the IntroductbD iuition fees. The 5choDls and colleEes Ind1 in the bw5ary Sche are Abtxrt 8we School, Burtorb and SDUth Derbyshire District College. De Ferrers SpecliSt Technolow (le, Jthn Taylor High School. John Taylor Free School and P4Bet HiBh Schwl. Paulet High Schfy Thls Year there was a decrease demand lor ihe bwsaiy scheme thIn 33 athn[s èpptyln8 lor a btsr5ary. roryared to 45 applicati$ in 2023 Thi5 year a toial of 33 bursanes of £550 ppr annum for ihree r5 re awarded with 26 of those bu¥5arle5 irb8cLiwned. C. EDUCATION AND PERSONAL DEVEIOPMENT (INCLUDING SPORT AND THE ARTSI The charily recthes iequests Iw financ1 asststance frcwn di¥al$ for a variety ol ¢ther purposes includSn& Furthw education and vCKa1hal trainir Overseas trip5 f¢ prsoThal development Sport5 activities Arts ¥harshipS 4 8r•nts were •w•rd¢d thi5 y¢•rtiAalhn8£J.123.6012023". 5 8An15 totaling£l.OY)I 12
colated Charity Grant$ to Indlviduals 2021-2024 - Valu•s 12CW) 40rMxi 2021 2D22 2023 al5 hi N•rMI Grants to Individuals 2024 - Perceniages 13
Consolidat Charity Grants to Or anisations Numerous orRanisath)ns such as churches. repsteied cha17t and yo1tary gfOUPS ieoLiesi help toward5 varK)us proiecis, each ol s¥nifKant impL¥rarKe to these trfJdie5 and Tr the resKlents ol the chèrity'5 area of benelit It 15 the policy of tht cTrtY tc¢ aim to bOn¢t rts gTrnt-fflakn"w lo nefit all 5erlions of the CommlIV equally.The charity makes both CaPLal and ene grnnts. )me organisètions that ask ft)r help operaie outsrfle the ch)nVs artè of benefrt but still provide val help or seThices for ihe resldents wfthln the area ol benefft. Grants rnade to SLxh ornl)n$ a cal1)ted on a proporlionale basis. Grants totall8 £104.116S6 tre awarded to or£an15 ¢AJring ihe year with £?0.0 Outstandi #t the vear end.12023.. £97.045 7rriih É35,940 outst•ndin81. Tntstees We Sèlisfied with the spad of grants awaidod which wtte aMaSeda$ folkywk. Grants to Organisations 2024 - Values k-lJ'.i.r.w -OtCA.i¢i' ar¥ic4 • 11 Ip.. 11-. KrTr.-"ti>.- ?r 14
Consolidated Charity Grants to Organisations 2024 - Percent8go EducothrA)andYaiitn spetsrthc¥eèibof4 Lèlmrè ValuMaryGrw Llwkht • FaK cnwThnLtyEmronrr*Jll and Is
Con501idated Chariry The lonowin8 urants awarthd in 2024: Education and Youth Eagles Nest Project £5.IX)o.00 Tr £S.tXX) we reCeid from Consolidoted Chofity wos (n1 d1r those eorly doys of setrllng intg ow new btwlthng It tjsed 50nY ol the prt55ures those fvst frw moftth5 ond htss IKen o ContrrIn9 loctorto t)wexponsion' Ch3rlotte 8usby. BKI Wriie and Fun(k3i5er S rts Recreation and Leisure Burton Amateur Swimmin8 Club- £1,447.00 ft enubledthe rlub to occomrncdofe ftk)ie jberS oAtheptthi-in 8tKon our rlub.. Heather Fisher. Fundraigngoffkef Stapenhill Bowls Club- £2.1KJO.(X) Stretton Anglesey Bowls Club - £2.000.LXI 'Veryimpononr supportfrom the Consolrfoted Chonty wos virol to theproiett. Neil Browt). Vitè Chairmarb 16
Cw501idat8d Charity Abbot Beyne School - £IO,(M)O newftici wl0Y oktyrole in enhoncin9OW BfECSport 8 Core PEprovrsion. qi¥inq Students the toleorn obout undeAperience the OCti¢tilbenefits olknKolfitnessfiist-hond Whetlrtr tlyt¥re towords oquolfficotknj or smpfyoiftjinq to improve thewowerollhe4lth •nd Perfve. the51 willoffei o wekoming ond Joanna's Dance Academy- £300.(K) grunt w1 ¢o¥er the tost olcortwhes whKh fj LNyt less e¥Ynse fvr porenr& IWJoutfvKng ow trip would natbepossible 0$ thecosts woddbe toohwh. Wer. Dae Prirtlpal Volunta Grou Buildin Anslow VillaBe Hall - £4.CKKI.00 7hegront enobledus when opptyw to other btsdieslorgronts tlk7r rhudolreody been &uctÈssJulin obtoiningfundlng, Liz Staples. TlSurer(st 17
Consolidated Charity Carver Road Community Centre - £3.000.00 Glrlguidlw UK- Burton upon Trent DlvlsSon - £20,000.00 Volunta Grou ui ment YMCA Burton - £8.000.Th) ThefvlrOM Consoffdotedchoritywere the90 tht(okeornTef)obledtss io WL>luce two 4vnslorihls work" Andy Horsnall. Opeiatv)ns Manager Barton Hockey Club - £4.380.00 Winshill Allotment and Cottage Gardens Assoclation - £3.534.00
ConsoM•tod Charity Volunta Grou s Overheads Little Theatre Company- £4,500.00 'IfC ts se11fvln9 SO thls gront Is the only finun¢t#l Supm we retei¥t. It omows vs to offordjble to the locol areo. Wilhout the gront we woukl ve no wemises to build ond store sets t7nd prop5 ond would hove o ire imprKt t)n t qlty ol perlryyMres * cotsld pmth to the commutffty.. Burton Youth For Christ- £8,946.00 your grant has been extierrbely im5KMtsnt in eftat u5 to maInts our cuThent capachy delfverlnK vttal tth and children's work and SeThwcesNitt1 On up)n Treni ihi5 year.. &Je Garb, Centre Dlrector Winshill FC- £260.(10 ?thas enobledus to troin on uddltionolcorychfvrthe new teom goiftpinto thtsetsson. Alsd to recrtrftfvrth ¥olunteeis to growtt7pootyoJse5sions in the dub. Additkn?ol IUteerS ore Ilned t¢pfvrour sumnyr tourrnintentopTrdswrtinq¢¢NKhs. Thtsc1eortsneo¥IUnsfrIe to enme wth physicolortivity.. H alth and Social Welfare and Care Children'5 H05Pital Pyiarna$- £l.SOO.IX• 19
Consolidated Charity St Giles Hospice- £5,0(M).00 'The 9ionr from rhe Consolidoted Chgnty to the ol St Gtle's Hospr¢e's ¢we refvrblshmeni ondclffiicoleowpmentwoiett.. e114 P455, Trusts and FwndatvJn5 M•na8er
Consolidat•d Charity FINANCIAL REVIEW Ihe General Fund inrrea5e of E73.644 in 20245 maiitsined by the nwnittiriryol cashllowon a daly basls. 2024 was amther volatfjbe irNestmeiit rnJrkets and xtvity in the year yesLed in 1Th5 the vakje of the flnancial Itwe5tment portfoh.oof 32%. Atthe end rfthe yearthe neiassets of thecrity$tc4>JaI£I6.941.o28. an Increaseof 3%. serves Poli The Twsiees (Msider an amxryiate le ( reser4s shrAAd be hekl th ensure the ctharity has suffKient resources to rret lis eXpdIte and to alryw for reotganisaliDn in ihe vent Df an )reseen Inciease expenditu cr Iwilylit5 ty •n urwecd dontLwn in asset values. The Trustees have madean assessment of the ri5k5 and otheris5ue5 facingthe charty Ind h•ve ¢onsidefed rt p[lent to set ¥ t•r8et level of reserves at an anw)Lmi eqLavalent to the estlmated totsl annual expeni4tU of Ihe charity. The Reserves 1¢Y is reviewed anNUaty the PcW& Re tsrces &Jtrthniee. The amount held as Reser¥es In General Funds •t 31st Deorthr 2024 w•$ £l,010.492 wNch wès greater than the tar¥et of £887.2CKI. The Trts5tees haye reco8nised the need io dE£te certain aUnts held withirb Genal Funds to meet fre commitments. The t for IlesiatÈd Fthds and the anunts dèsignated are reviewed annually. The £harity'S wmln8 dnI rewires ihe IrUee5 to maintaiTh for the extraordinary repair. knpro¥ement or TelklIng ol the tharity's •lw&hytse5. Tht thbtity o Restred Fund for this purpose. bul the trustees tonsithr insuffKnt io meet the charity's future comMftts. The trustees have therelore desvdnated adthlonal funds to meei these commitwnts and these are htld In Ihe Emrraordinary Repair Topup Fund. At the end of thr year ih¢ ExtT•ordin•ry Repair Top-up Fund arrounted io É259.940. When tonthwied wrth the ReStrted fvjnd the chanty ha5 Set aside a total of £8BO.175 for emiraord1n repa Wthkh the trustees ccffiyder sthKient to rnEet the C1.5 future commltmerts. In accordance wlth the rewirements of the chariiW5 eo¥ernY¥a thxwnEnt the tnJstEes have delnItEd funds to meet luture commitrntrt5 for tythnary repairs and malntenaKe of the charity's almshouses and ihe5e art htkl in the Cydical Maknten3tKe Fth)d. At the end of the year the Fund amounted to £1835 whKh the tfustees consler suffkfjent to meet the chority's future ttsmrn*mwts. 21
Con%>l•dated Charity The Giant5 Fund Is intended lo en)bfe the trustÈes to maintarn iheir capacity for Maki grants whllsr balancing the nÈeds tsf present and benefkièiies. At the of the year the sum held in ihe Grants Fund was £5.365,414. The Alm5hou5e market on 31" December2024 was £1.860.1m. The Commeicbal iTr¥esirneni wope11 w 31" tlecembet 2024 was £1.315.(0). Investrnent Poli The Trustees. lMent objectives are to seek • balance betw iOrne and cawl 8roth Whil being exposed a mediumlhi%h level of risk. is taken frcrtm the tharlty's IDve5tmenr mènaKers and the portfoks is reviewed and compared againsl established bvKhrnaiks on a retular basis. The Investment Poly Is reviewed annually by the Pdicy& ResoLffcesSthCornrnittee. Bearing In rnind ihe performante of financial markets. the tiLtstees ale saiisfd with the performance of the Investments of ihe charity during Ihe financ year 15ee page 101. However Continne p$se on the charli5 b1get ha5 f4U5ed the Tnjstees to rdain the short-term $trUctIOn to the In¥e51ment managers to adjust the investment portfolio to favour inCO¢Tr thh nol to jeopardise 5ignif1contlyiatll growth. PLANS FOR FUTURE PERIODS The alrnshouse refuibi5hn*rbt wo8rafflfflÈ is to £oniinuÈ as and when properties become vacani with 75% of this belngconN)Sete at the end of theyear. 22
Charity Trustees Res nsibllties The Trustees• re$SlIde for weparirvdthÈTntstee< Mual Report •rwJ the fartIal statements In cordance wlth apk1(atle lawand UThted KYq(h)m Ac(ountin8Stand¥ds IUThired Kin8thyn Generally Accepted Accounting PractKel. The 1awaPcab tocharfjiies in IEnBlènd& Waleslthe (haritiesArt 2011. Charity IAccouThts and Reportsl Reeulat5 20D8 and the prlS1or&0fIhe trust deed reye5the Tru5teesto prepare linanciil 5totBrnent$ for EaEh fiThJncial yearwhiih Vve a fairlitrw of the steof affairsof Charity and of the Incomin8 resources and appllcaiion of resour£esof the charlLV for thar w•)d. In preparfTr8ihese linancyol stslements, the Trusteesare reqwred to: Select suitsble x(ountingOiciE5 ènd iheD apthtsMc0rst Obsewve the methDds and winciples in the Chartt$ SORP 2019 Make jtyement and eslimatesthat are rea50n•bbè and prudtnt State whether applable accounting standards IVe been foknd subpci any mètuial departures thsch)sed and e¥t4èiThed n ihe finarKial ststennts. Prepare the finarla4 5taternents on the lo1 thntem basis uhbÈss li ts Inapproprkite to assume that the Charfty COnllThJe in ¥JerathJn. TheTruttees are rnpomsible fLY keepln8 F(opercoli re¢th which thxlose. wrrh reaèbleac¢Ur at any tlme, the linarla1 posilJn olthe Charlty to erwble trn to ensure that the fin•n¢ial stateTrts compty with the Charities Art 2011. the Ch•rrty IA¢¢01$•nO Reptsrtsl ReiLthy 2008 and ihe p$105 of the trust deed. Tlwf are a150 respL51b1 fot safeguard& the assets of thetharty herKe for tskfjr¥ reasonat4e steps for the preventKin detect ol traL and other irreKularitiE5. Thls report was•pprortd b¥theTnoMes* • On IL 29 23
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
CONSOUDATED CHARITY OF BURTON UPON TRENT
Oplnlon
We have audiled the fv)&Kial statanents of Consohdaled Chty ol &Jrton upon Tr•M ltha 'chiiy'l for the year ende
31 Decernber 2024 which mplIS8 Ihe Stslemenl ol Fin Athilies. the Bnce Sheet. the Cash Fk)w Slatèmant
and Th)les lo Ihe finanLi statema)Is. incknlry a SLrnmary of &couthirwJ W¥ies. The finanaal reportir
frdmework thai has been applied in thg"r preparaw is app8 law United King(h)m Ac¢ounl•)g stdards
(Unitèd Kifigdom Gèn•ralty Acc•pt8d ACC(11 Pr&atil.
In (ropin)n the frnanaal statements".
give a true and lair wew of the stste of the affaw5 as at 31 CJeLYmber 2024 and of its incoftwr4J resources and
aPICaOn of resources. fL¥ the year Ihen en¢Jed:
have b¢gn properly prepar1 in accor{Jan wilh UINted K4yYThn Generalty Accopled Arxwntir9 Pr*t." and
have been prepared in ade¥th Ihe requirwronts ofihe Acl 2011.
89$1ty lor oplnion
We conducled audit in ac(x)rdancè th Inièmata Standwts cx) ALKliting {UKI {ISAs IUK)18nd aPicable law. Our
iespons4)i1il under those standwds are further desul) in ihè Auditors. r•s[th)si.1l1les lor the audit of the finanryal
staitmtrts seen ol our rèp. We a iThJepl of ts chwity in with Ihe etlwcal reoLwements that are
reVant to tyjr 8udit of thè Stat6n in the UK. induthrg Ihe FRC'S Eal S13ndafd, an
REPORT OF THE INDEPENDEKf AUDITORS TO THE TRUSTEES OF CONSOLIDATED CHARITY OF BURTON UPON TRENT Our r•¥ponsIbllW lor lh• olth• t)n•141 •tatyrIvts We have been appolnt&Y as a1tS der 144 cAthe Clwrtss 2011 •J report th ¥ecOrd£t Tr1h lh Art d rd¢v1 madg or haviwvJ thereurthr. t)Jr ot¥ectNes ae to ottsin rna$)ab1e assLYarKe M)ul fri#l stalements as a wholè arè I Irom matièl misstatam•ni, whèthw du• to Iraud or wror, k) tssue a Repcrft of Ihe Independenl Awjilors Ihat indudes our opirKJn. Reasonable assurarK8 is a hith of assuwaKè. tKrt that an dtt cnducaed in Ir¢6 1th ISAS (UK) wll ett a mtsia nmsslaknt vkn it exts. Misstslwnenls can arisfy Irorn fr8ud érror and ar• c)nsidwed mawrial rf. indivith• or in the tygrwe. they oxjkl Sonabty be eXpled to influence Ihe onom (tris$ ol u59r5 taken on thè bass ol th8se s1th7)ts. Thé extenl to our ar• e4)thof d•tXkng fraud 15 det1 bdow.. Irwukrities. indudro frnud. instarw ol ilh regulalKmS. We d95wJn PrQe{lUS in lil wilh our resw>nsibilities, oullM)ed thve, to ett mria rrlsslatements in Irrwwlarlties. fraud. The ex1 to whth our pruTeS are Pabl9 9fdeteCtvj wrvwLarrties. ¥Ul)ng fraud is detailed beknv.. In KlentfjfyfjwJ aThJ assess¢ng the rnks d Ma1¥ rnisatrnl cl irrwlwil. in¢14 fraud •ThJ Jn•compliancewlh law5 re945, we -The nalure and c4mtrol enwronmI of Ihe chanty ur discussions wilh rnanagemenl and govemwKe 4(1¥¥j ¥4hether b1 kryJWJe of any sUspted or alleged fraud -The inlemal o)ntrols to mitpJaie Ihe rtsks of fraMI F1(ing our Teview. we have Identif thè ar•as whh ¥• 4jewd to ha48 thè gwtest pjientlal fraud material misstslemenlwrthin the finarKi slatwmts.. .The renin of Week c(xrtributrTh fr¢¥n fre8hdd $¢ -The rec4)gnition of investmenl income frryn fin1 invlMts -The valu?tion th financaol inv8strn6nts -Man&Jernenl err1d8 W¢ $0 nSId•Ttd any that tIre (tra1 of the charity indud1r dwlty Iww. eMph)Yynt law and heatth and Safety. Thè I1(ng ¥re uThJerfakn in the Tisks where Ihe polenli for rnalerial rnwt8t81r1.' Al th• Plrn9 sknae of the wjit. wrt in plxe by Ihg 1¥)¥d of trusigps of their rk a&wsmenl. Wè aso carril out a reviw d the mYwt8s (A tnJst08 meetiry. IrKome transactm tesUrrfJ was perkymed to les¢ C¢eSS of T5 IndUd rn9 rental in¢ to tgases in respecl of freehold inveslnnt F¥C¢)be5 cwwrKJ ¢xrt a rethi ol weelÉty contritMAtions from freÈhold alm# JY5e prorArb'85 to 9Ure that all pwerties r&Ved wular incx•i)e in Ihe year. Where the were pwiods of r Ino)me In respe(a crf freth)Id Investment and m$-Se rK0pwi5, we rtrl¢rrpd to Trustees, 8ts8rd rninutès to misfy th¢ asons lor t.We also agreed the percWe irKrease in witribuknn raes appl8d al Iha St of Ihè financial year lo the per¢gnWe 1159 thg Twuste8s' I)UleS. In respect ol investment inecthe from dldendS irAerest. w reed ts k)t4 irwme per the tal 8talem8nts to an annual sunwxary ofthè quart•rfy r8POrts prepwed by the investrnenl manw. We lesied Ihe valuation of estinates in resm ol Ireb)kl investrn wopwlies and aIrrffj4Ltsè$ by reeing to tho latest professnal vauallorts wrK•Jvres UndWtak by the tr[lee5 lo upda1¢ valual IVdIng consKleraDon ol Ihe use ot exrIS. We ge due ctMsK1eration ol ihe use of experts. Conswjaratkjn VAS grven to ts r•llanc(ffi use of experts in re¥01 of thg fin(la1 whvesknients. A saMe ofiovmal enlrtes ¥e lesw ft)r appr0pfial?S$ enquiries L4 manwent a5 to the procedures in place for post5 h)urnal entries. Duriro ow auil we u)nsidered lapa8. urwsual journals Or traSun$ Ihè rrMal ¢yJuww ¢rf we IwJhhghled as a res1 ofow tew. 25
REPORT OF THE INOEPENDENT AUDITORS TO THE TRUSTEES OF CONSOUDATED CHARITY OF BURTON UPON TRENT The financial Statents Yre re¥et1 tthywjsth wr (ths()sure theeIL81S to lentify uSUal or unèxpéd rfjlaiionships or any arèas ol non4onwk•. Dis5 wue hekj ilh ere il wa5 u)nsKl8red addillonal th"sclosures were required. We remainéd 8kn1 K) y i)¢thcatv)rts d frajd. mna rThSslateMt or and reguL4¢ions throughout the audit indudiry Ihose relalllKJ io thè finala1 Sia1ts. A lurther destwn ol our r8sponsits"h'iies for the audrt of Ihe finwal slatements is bxaed on th? FinancN41 Rew)rting Councls website at wvrt.frc.9.UkIaUI1ol$l•s)nsIblIIe$. This dew"ption lorn part of our Reporf of the Independgnl Audilors. of our réport This reporl is ma<Se solety to Ihe charity% trustees. as a boty. in aC40rdCe vAth Parf 4 of the Charities IAcrnunts and Reports) Regulabons 21J)6. Our autht rk has been undwtaken so that we moht slate kn the Charilys trustees those matters we a reqL¥red lo $te to them in an a.1$. repcwt and for rKJ other Purpose. To the fl51 extent ptrmiltèd by law. we epl or assume resps1.lY lo anyore other charty and the charity's tnJ5le85 85 a body, for oyra the hav• fomied. Jo Chartered Account & Statut[ AlItOr 81 Burt(Yi Road Derby DerbyshSr• DE1 1TJ D8t•: . P*8 26
CONSOLIDATED CHARrrY OF BURTON UPON TRENT STATEMENT OF FINANCIAL ACTivmES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Total fwd$ 2023 Total funds Ur¥estwried IMCOME AND ENDOWMENTS FROM Charftabl• •Cll¥lll• Alms4K)us6s 151995 1$395 139.945 Imieslm8nt Inwme 20 Total 14 202.%YM 667,459 EXPENDITURE ON Raisr¥J lunds 1320 1375 la8.5 12&042 Charltbl• acllvStl•• Alms-ho¥ Grant mirvJ Govemance 175.806 250.805 24010 199,816 250,805 184,106 266.¥29 41.562 Total 632.033 618.639 Net gans on inVestmts 195,393 20J67 2113I12 672.2 NET NCOME Tran¥ter• htw••n fvnds ,587 185.955 406.716 185 9551 496,193 721.422 N•t mo¥•mont In ldI 220.761 496,193 721.422 RECONaUATION OF FUNDS Total fun(Is brougm fonyanj 6.999.599 1J19J65 7.525171 1Q44V35 15,723,413 TOTAL FUNDS CARREO FORWARD 141 192 S 632 16941028 16444835
CONSOLIDATED CHARITY OF BURTON UPON TRENT BALANCE SHEEr 31 DECEMBER 2024 2024 Total fund• 2023 Total funds Unrestj Restri(tsd End0nt nds funts lund tr)le FIXED ASSETS Tangle assets Investrnents Investments Investment propwty 13 1397,701 1,862,901 1,863.137 14 15 6.307323 $30.S54 6A31.632 1.315.O¢XI 13.269.509 1 315 OIKI 12,872.401 6.771523 1.92825S 7.756.632 16847.410 16,050.538 CURRENT ASSETS Deblors Cash al in hj 16 40.330 37,SSS 529.813 711,702 711,782 587.368 CREDITORS Amounts fallng due wthin year 1205.164) 1205.1641 1139,S711 NET CURRENT ASSETS 506 618 427.797 TOTAL ASSETS LESS CURRENT LIABIUTIES 7.279.141 1.928255 7.746.632 16,954,028 16,478,335 CREDITORS Afflount5 falling due after mo than one ye 18 (13.000) I13.0} {33.5001 NET ASSETS 7.266.141 7.74Q632 1fj.941,028 16.444.815 FUNDS Unreslricled lunds Restricted funds Endowmw)t lunds 19 7.266.141 1,928,255 7,746.632 6,999.$99 1,919,365 7.525,871 TOTAL FUNDS 16 941.028 16,444,835 The hn al statameNs were apwo¥ed by Ihe 8oaw(I ¢4 TnJstees wIlr[Sed for iSSL* on and on its bef by.. Trustee The Thxes form part of these statenwts Page 28
CONSOUDATED CHARITY OF BURTON UPON TREKr CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024 2023 Cash flowsfrom operatkng athlll•• Cash genered frryn I)pwalnS Cash lad Mi optiratirKJ Pwchose oftangJle fixed assets Sale olfixed assel inveslmeths Intwesl rec6ived 1207} 21461 15.4431 47,8S9 Nel cash prowded by Ir Cash flows from finandng actl¥ltl•• In(xJrne auntL8b1è to arnlovrtnant 192.371 202.904 192,371 Chang• In ca•h and ca•h •qthal•nts In th• rgportlng P•flod Ca•h and ¢uh •qulval•nl• •t th• b•olnnlng of th• r•portlng p•dod 141.631 81,518 448,295 Ca¥h #nd Cash •qulYal•nts at th• •nd the reportlng wlod 529813 The notes Ic¥m pwtofthese financaal statements
CONSOLIDATED CHARITY OF BURTON UPON TRENT NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024 RECONCILIATION OF NET INCOME TO CASH FLOW FROII OPÉRATING ACTIVITIES 2024 2023 Net Incorn• lor thB rnportlty p•rlod {as p•rthe Slatsm•rf olFln•rt¢l•l A¢tFviti•$l Adlustnxnts lor: DepreaatKsn charges Gain on Inveslmenls Inleresl receiv1 IoMe altritKJlaNe to Incr•ase in dèbtors lrtrèasalldeer•asel in Cred1 496,193 721.422 443 (419,5721 (436.5591 202.9041 12,7831 2.309 1672.6021 1407.5631 1192,3711 18.2401 3.7871 520.0861 560.&321 ANALYSIS OF CHANGes 11 NET FUNOS Al 111r24 Cash Ik)w At 31112124 Not cash Cash at bk JKJ m hand 141.631 529.813 T¢i•l 671.444 The rN)les pwt of these fan{ma1 5t8tements PaJe 30
CONSOLIDATED CHARrrY OF BURTON UPON TRENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 STATUTORY INFORMATION Consdldaled Charity of Burtort Trènt is a thariy. rw•r8d in Englarwj and Walos. The charity's regislerèj harty number and busirw address cw be fourrfj in ts refererKe lMin1ratNti dètsib ol ihè Report of Ihts Tnjstées. ACCOUNTING POUCIES 8a818 of prep¥kng Iln•ndal •tstsni•nts Thè finanoal slatements of the thaiity. is a prtlic be entty under FRS 102. have been preped in )rda1 1th Ihe Charilittg SORP {FRS 1tr2) 'Al>Jnting Rewrtry by Charities.. slalemt ol RneThIed Pra1 applicabk to chilies prepar¥J their aCCnts in 0Ndate wilh the Flnanoal RepoitrKJ sard WrC8b1e n the UK Repthlic of Ir4 (FRS 1021 {ef19the 1 January 20191.. Fina4a1 ROporj Sl8nd8rd 102 The FInala1 Reportkig Sdd wplicthle in the UK and Repubk ol kelanrf and th? Charit Act 2011. The n08151ernts have propw&l under the hkstorrAI cost ¢(entn, wlth the The finaroal ststemgrlts in stewknJ whK ts the (Knal of the dwlty. Monelary amounts In Ihese f181 slatewrwts are rpunded lo ts nowesl £. A¢counlkng ludpmrnts and •stlmat•s The key source of eSMat¥jn uncerfainty kn slat8ments 15 propèrty v8lu8lTrJn. Tha dmshoustt investhnt arè prolessionaly Wakj fveyews Cr¢Idered annually by the trtee$. Golnq COnM tnL8leÈs rla1 mormtor thg res•Nes ass•ssmenl. Cash flow is monitorwj on a regular basis aThl Ihe dw.ty to rKwve rents from its wNestrnenl properls. weY wntribuuons Ircn its almshouses and inveslment inc(Yne from its extertstve To dale. IK) rnaterial uncertanties exist that woukl affed Ihe of Iho finla1 slatwths on a wng corKem basis. In¢om• JI w)CL¥))e Ls recognised in ihe Ststwnwrt d FwwKial Arv rrto Ih? tharity ho$ ¢rditlamnt to Iho furn1s, rt1$ probabk that the incrynewill be rK41v1 aKJ Ihe be meaSUd y. CknatiCS. lega(aes aKI k7C4thn9 resowces we IrhKled year in whith thty • rtt•ivaL4•. whk frC 9)11 inves1mts ar4J inlwest on twm detosifs is wxaiunièd hr M) thé yèar irt whKh 11 is Renlal in¢(rfne 15 iu1 in Ihe pwKKI it res. AMnIS r&v•d in Jvarte are dèferred to th8 folk.n9 p•rk)d. Exp•ndltur• LbatAlttl•s are recOgSed as eXdUre 85 as there 15 a leg or cor6lrudTrie rtiligal¥)n wmrnitiing tt tharity lo thai ey4>eixliture, it is prCe a trarnsfer of en0m rI1$ will b8 reQred in Betuement and Ihe arUnt ol ¢he oblvjation can be Irurl rel8t4y. Expen(lfft is accovnled kjr on accruals has been ckwifd under headwy that aw9ale al 0>51 reld io the egy. whe costs canTh)t be (edy atlribtrted ) particar hthNJs tlw ha be to a ba5O C£ffiStsient wlh the uso of resources. Grants offered 9Jtyt to wfith have be m8t al thè yè¥ d• arn rthj as a ¢ommltrnènt tJl rKJl accnmj as expwKliture. RJS¥lng lunds This rels lo dirrft trxp•bJLO inuwrnd in a)d rnaintamThJ Ihe Irtrfesiments u$ 8PPOrtknnment of support costs. Pa3e 31
CONSOUDATEO CHARITY OF BURTON UPON TRENT NOTES TO THE FINANCIAL STATEMENTS- continuod FOR ThE YEAR ENDED 31 DECEMBER 2024 ACCOUNTWG POUCIES- conlinued Charitsble actlviti•s Tlis relates lo expendittè on 1$ aThJ ewL1rtLKe rred in the provision of amshousè ac0)mmod8tn plu5 an I)pnM0nl01 supwi costs. Gronts p¥yabl$ arè charged in lull in the year ln they are aw8rdwl. Govèrnan ¢Mts Govèmancè costs are expeThjitU rurred in prowding governance rastrUctUre which alows the charrty lo operat8 and to gtraIt ihe lif0)n WLthred lor publ¢ aco)unlability plu$ an apportfflellt ol SUPForf costs. Allocation and apportlonment ol Sup)rI cost$ rreI Ihe general manajt a)d administra1 costs of Ihe ¢h¥ity. Th¢y are alloeatod to Ihe relevant o)st ¢ewry on Ihe basi5 of tirne incurr&1 a5 f0&y. Rwng funds.. Finanua investments Invesimenl propertias 5% ¢haritalAe atJiviti¢s: GrantrnakiNJ Ajmshouses 25% 25% Govem8nce 25% Tanglbh nx•d se•S Freehold property is indthY•Y at a far valLPtx)n and nrj prtsvtsn for déprtsatn has been made as it i8 considered thal mathet value is not less ormwal St. The Irethkl propèrty is rwalu•d every S years. The o)sl of olher tan9ible fixed assets is ¥rfillèn c4f Mi aqual wtstaments ow a p)d of four years. Inv•stm•nt prop•rty Investment property is shn al ITrJsi r•¢1 valLo1th. Any wJgrWe SuuS or defiit wisir¥J from in lair value is rewgnised in Ihe s1a1rbt of Finla1 Actth. InVestnt propertiés are incJd8fl at fair ue al the thet dale we professionally revalued every fve yws The Iru51ee5 o)nsKkn the vLEs of Ihe l£StMen1 properties on an amual basis in the years whorè a professK)r1 ¥aluation is rKJl cwried out. Flxgd a$set investments Finan04 investments are at a faw valuatth at the balare sw date and a revaued annuaty. Gains losses on dispos reVaIL17n ot KNe5kn8nts ar• thd to the Sthtema)t of Fanal Actiwties ISOFAI. D•btors and crndt< Trndè debt¢)rs and ¢110r$ are feo)gnised at inNvwl aut after any th5LY)uni offered. Prepayments and accruals arè vaued ai Ihe amouni cak¥laled. Taxatoon The chily is *x•7)Frt from tsx on its thwitaNe 11. Fund COUntIng The ch&ty h&s restricted, unrestrb#¢d armj ¢rMI0#t Al lunts are Lsed ks benefil and pronle rts thariiable obiecls. Pe 32
CONSOUDATED CHARITY OF BURTON UPON TREKr NOTES TO THE FINANCIAL STATEMENTS- contlnu FOR ThE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POL5- conllrn Fd a¢nth Resth"ded lunds a those Tknh van be by the tyuslg95 fty a patti13T pUryS•. 98wd fffjm assths theselunds mwy th be appld for swne wrF)se. unrest fLmds a genw4 thal we a¥&Jle al tr1, tSserelion in furth•ranc• of ary obiÈctNtt ofth• tharity. D•signated fur#Js are wresirictsd set asJe al ollhe trust$ tor purposes. Endowment funds rnust be retsined by the thity awj caTht be spent. The Irn6 genWat Irom the assets held In th8se funds i8 fwsl aFrfJlied to cost of m?inlwMrwJ )$0 assets. Surwus income Is avallable lor P•n•lofi co•ls and oth•r pr•l-r•tlr•rn•nt b•nvfits The charity owales a def nbon SI8n. pay to tho p9n$Th scherne are Che4 to tlw SlatOnt ol Acb¥ibeg in the penod bvthich Ihey rdate. Flnanclal Imtnrnnts Fffi)ual inslruMts ar• clas%foJ antl accwrted for. )ding 10 the stknstan( of Ihe eontrèclual arrangement. as either flnwKaal a4sets. Ikbikts or quY ruMents. An oqudy instrument is any c¥)ntract that ewderK£S a resKiJ irtwe5t ¢Athe corrwry 8ft8r dadLtiNJ ai of Its liab111ti6S. IMVESThIENT 14COME 2024 2023 11¥.100 119.951 DWNIekn and irtere6t INCOME FRIXI CHARITABLE ACTiiimES 2024 2023 Total Wfjgkly mahilon¥Ke rthtn.butnS 139.945
CONSOUDATeo CHARITY OF BURTON UPON TRENT NOTES TO THE FINANCIAL STATEMENTS- Continuod FOR THE YEAR ENDED 31 DECEMBER 2024 RAISING FUNDS R4$lng donotlon• •nd l¢gacie¥ 2024 2023 Investment manMent l&s Mainlenance expenses Establishment exSe$ CAher costs Bad d8lAs Legal fees 70,563 17,936 3.574 12.$10 66.412 5,077 7.593 10,044 65 6,276 4.373 108 976 95.467 Other tradln9 actlvrti•8 2024 2023 &Ipp1 costs 18.346 Inv•8lrnent managBment costs 2024 2023 11.887 12,229 Aggr8o8tè aMOt$ CHARITABLE ACTNITIES COSTS Granl fundww acbvilies (see te 81 Costs (see cnsts (see note 91 Totals ms.houses Grant fflakin9 Govwnance 170.096 29.720 29,720 42.717 199.816 250.805 42,717 221,085 102157 493.338
CONSOLIDATED CHARITY OF BURTON UPON TREKr NOTES TO THE FINANCIAL STATEMÉNTS- contlnu•d FOR THE YEAR ENDED 310ECEMBER 2024 OIRecT COSTS C CHARITABLE ACTMTES 2024 2W23 Staff LX)sts M•nlen?ncg eXPgn$es Eslabllshment expthses 36.315 87.1 22A84 31,884 75.857 23,803 170.096 153.531 GRANTS PAYABLE 2024 2023 Grant makng 236.354 Thè total 9rarts paid to WtsliiulAxis ththiNJ 85 knlkhs: 2024 2023 Heatth. are SFKJrt, reueon and leisu EducalKJn and youlh devdcpment VrAtary groutss- &M"kli vc4(ary groups- Equipm&)t Vltary groups. W•aJs Faith Communrty. VIroen{ her 5,310 15.747 5,000 3S.I)00 7.914 33,206 756 19,789 10.CKKI 6.500 59.C#)O 10 The grants to indNith* Ihe yewTKas as f(kn: 2D24 2023 Health, social wemwe and c Relief in need Bur$e$ Edwalion ywlh de•t 92M04 24,304 82,759 55,500 1,050 I18.0 139,309
CONSOUOATED CHARITY OF BURTON UPON TRENT NOTES TO THE FINANCIAL STATEMENTS- continued FOR ThE YEAR ENDED 31 DECEMBER 2024 SUPPORT COSTS G¢)vwnan¢e costs Manwenl Totals Cmher trading adwit Investrnenl marwJa))ent costs Alrns-housgs Granl making Govemarte 17,832 11.887 29.720 29,720 29.720 17.832 11.887 29.720 29,720 42.717 12.997 12.997 131.876 Supwrt Costs. thYLe in Ihe above. a as loh)ws.' Manag•m•nt Investment management ¢V5ts tracsing calvit5 Al-hoUSe$ Clerk's rémunertth)n Bank charye5 Olher wsts 17.464 55 313 11.642 29,106 91 523 209 17.832 11.887 2024 Toial 2023 Total activltSes Gr4nl Govem8n( Clerks remunerdlK)n Bank charges r o)sts 29,1Q6 91 523 29.106 91 523 11Q424 116.424 375 S.S01 2,091 118.879 121300 Governance costs 2024 2023 Tolal activitie5 (Jwemance Audiiors, remunerat¢)n Cmher o)sts 10.900 9,240 12.997 36
CONSOUDATED CHARrrY OF BURTON UPON TRENT NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 10. TRUSTEES. REMUNERATION AMD BeNEFITS There were no Irustees, re#er8 w txher fi)r tt yw eth 31 Dtyxnbor 2024 lor iho y•ar ended 31 2023. Tru•tè••' •xpèn•8 There were trLBtees' exp paKI lry yew wKknI 31 Dgwnbgr 2024 lor fv year entJe(J 31 December 2023. 11. STAFF COSTS 2024 2023 Wag8s and salarfes (Xher pensth u)sts 31,342 542 31,884 2024 2023 Wardens IpJt- l¥n81 12. COMPARATIVES FOR THE STATEIIENT OF FINANCIAL ACTMTIES Total funds funds fund INCOME AND END¢Y•IIIENTS FIIOM Charltabl• a¢tlTAtles Akn5.s 139.945 139.945 Investrnenl tnu) 14.738 192.371 Totsl 14.7S8 192.371 667,459 EXPENDITURE ON RaislThJ funds 121674 2.168 126,042 Charllablo Alms-houses Gt maknrKJ 1,617 266.929 21289 184.106 266.929 Totsl 593.182 25.457 618,639 PwJ• 37
CONSOUOATED CHARITY OF BURTON UPON TRENT NOTES TO THE FINANCIAL STATEMENTS- contlnu•d FOR THE YEAR ENDED 31 DECEMBER 2024 12. COMPARATIVES FOR THE STATEldElff OF FINANCIAL ACTMTIES. contin1 Unrestrict Restricted lunts Endowm¢Nt Total funds Net gains on investments 321369 22.849 326.384 672.602 NET INCOME Tran$f8r5 bolw•gn fund5 1,537 I.423 12.1X) S18.755 1.423? 721.422 N•t mov•m•nt In funds 12.1• 328.332 721.422 RECONCILIATKJN OF FUNOS Total funds brought fo &618.639 1.WJ7.235 7.197.539 15,723.413 TOTAL FUNDS CARRIED FORWARO 6.999.599 1.919.365 7.525,871 16,444,835 13. TANGIBLE FLXED ASSETS FreelKJld prO[Y Computer eqthpment Tot8L% COST OR VALUATION At 1 January 2024 AddrtM)ns 1.88OMI 7.026 207 1.867.026 207 Al 31 Crnber 2024 1.860.()o 1,867233 DEPRECIATII)N At 1 January 2024 Charge lor year 3.889 443 3,889 443 At 31 December 224 4.332 NET BOOK VALue Al 31 Dètèmr 224 1.8611.irtr 1862 901 Al 31 December 2023 1.860.IJ)O 3.137 1.863137 Cost or v8luakni at 31 Ceén)èr24 ks repret ty.. Freehold property ValuatKNI in 2017 valuats in 2022 1N85,000 375 000 1 860 000 Page 38
CONSOUDATED CHARITY OF BURTON UPON TRENT NOTES TO THE FINANCIAL STATEMENTS- contlnuod FOR THE YEAR ENDED 31 DECEMBER 2024 The freehold property Jn$1StS enlirely of vhKth we ed dIrt purposes. Th8 almshouses are included in the ffinancial statements al valua. (ost L5 kr4n. Th• Ajfftshouses vahmd at 31 Oec4Trknr2022 by o PlDWti valued regard to their restitted use as Almshouses on exlsbn9 use b$. Tl¥s ¥fdS calwthl ot 50% 01 m•ot valu8 lor $om8 properbes and lo% for ceri8in nd kYop¢rtW5. Thg trust995 con$thr IIMS valualiM to be reasonth a5 0131 DerAnb8r 224. 14. FIXED ASSET INVESTMENTS Cash and s•ttln8nts p8ndiNJ Totals MARKET VALUE At 1 January 2024 Additior "sposaLs Ravaluatpjns Impairnwits Reversal of imp7innerts Exc0 diffworths 12.651615 1706,976 5772951 419.548 219.786 12.706.976) 2.5n395 12.172.401 419,548 419,341 170.$62) 371219 419.341 {70.$621 371219 Ai 31 December 13 44 67 665 13 289 509 T BOOK VALUE At 31 Decthiber 2024 13 Ai 31 DÉ¢rnb•r 23 12.652.615 219.786 12 872 401 Cos1 a131 D&Cber 2024 b r•presenknJ lry: C•&h and In4•tm•nts p•ndlng Tolal• Valuat>n in 2019 valUan In 2tr20 Valua1K>n in 2021 Valua1KJn in 2022 Valualkjn In 2W23 V8lua1M)n in 2024 11.848,430 389.073 1A07.027 11.759,1031 767.188 549.229 107.081 189,210 {91.490) 1S7,430 1142,4451 152.1211 11,955.511 578,283 1,315.537 11,001.673) 624,743 397,108 13 The ontife wa5 managed by LGT Weath kkn•5•n on bvis. PwJe 39
CONSOLIDATED CHARITY OF BURTON UPON TRENT NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 DECEMBER 2024 15. INVESTMENT PROPÉRTY FR VALUE At 1 JVary 2024 8nd 31 DeCber 2(rd4 NÉT BOOK VALUE At 31 Oe¢ember 2024 1.315.000 At 31 C)8eembw 2023 1.315.000 The inv8slmenl properfiès consK of a varty of shopB. I$ aThJ al 5 in Bvrlon Trent. Investmenl properties are induded in the statemerts al vakntw)n (h¥Jinal ¢xJst Ls unkTh)wn. The prOtieS werè maluad at 31 Ll8camt 2022 by a wofesswal valuer on Ihe b8$i5 of Ihe opgn rnarket value as d9fined by the Royal Institutxjn Lrfthariered &Jfveycws. The Iruslees c(Ktsider this vthJ)n to be reascth as of31 Decwnbor ¥J24. Far vahjtr 8131 Docmber 24 is reprewted by.. Valuation in 2017 Valuation in 222 1.265.000 1 315000 oe8TORS.. AMOUNTS FALLING IXIE WITHIN YEAR 2024 2023 Rental inrome due Rental (Jewsits Prepayfflgnts 16.071 3,345 14.192 3,345 40.336 37.555 17. CREDITORS.. AMOUNTS FALUMG DUE WITHIM ONE YEAR 2024 2023 Trade credito Soryal slY and h$T iaxès Other credi¢( Grants payJle DelwTed InMe- rents in athnce Other ¢redilNs AccnJals and deferred income 66.472 35,310 679 274 93.687 3.654 6225 67.940 4,738 6,891 24.013 139.571 P*J¢ 40
CONSOLIDATED CHARrfY OF BURTON UPON TREKT NOTES TO THE FINANCIAL STATEMENTS- contlnu FOR THE YEAR ENDEO 31 DECEMBER 2024 CREDITORS: AMOUNTS FALlG IXIE AFTER IIORE THAN ONE YEAR 2024 2023 Gr8n1s pwyat 19. MOVEMENT IM FUNDS Net At 31112R4 At 111r24 in funds fund5 Unrnstrl¢t•d funth General fund mshothw fu1 Extraordlnary RepairTopw) furrfl Cydic maint9nmld Grants lund 1.140.308 415.000 259.940 1111311) 185,955 1.221952 415,000 259,940 2.835 5 36S 414 12,495) 4999Ag9 8OJ67 18955 7266.141 R•8trlct•d fvnds Al?h(j$0 fund Extwrdinary Repairfvnd 1.308.020 1.308,0211 1,919J65 1,928,255 End¢>wnwtfund# Capital lun 7.$2W1 716 (185.9551 7.74Q632 TOTAL FUNDS 16.941.028 Gains and Movemenl In funds unr•strf¢1 fundg GeTaI [d CydKI Mainlenwce fund Gwts lund 1601153) {2,495) 1112.311) 12,495) 1fj05.6481 195.393 80.587 R•strld•d fund$ Extmrdinary Repa*fund 8.890 endowm•nt funds Ca5Nlal lurKI 2Q3.812 406.716 TOTAL FUNDS Pe 41
CONSOLIDATED CHARITY OF BURTON UPON TRENT NOTES TO THE FINANCIAL STATEMENTS- conlinued FOR THE YEAR ENDED 31 OECEMBER 2024 19. MOVEMENT N FUNDS- contlnued Comparatl¥•$ for mo¥•m•nt In lunds Transfers At 31112123 At 111r23 in funds funds Unr•strlct•d funds General luné Almshouses fund Exiraordinary Repair Top-up fLwHJ Cydical Malntenance fund Grant5 lund 1.082.577 415.( 2S9.940 14.470 4.846.6S2 {123.692} 19),423 1,149,308 415,CKJO 259,940 5.330 5,170.021 (9,140} 323,369 6.618.639 19).537 19).423 6.999.S99 R¢strt¢i8d funds Almshouse fvnd Extraordinary Repair fwd 1.308.020 1,308,020 611.345 12.1J) 1.gJ7.235 12,130 1.919,365 Endowment ld• C4)ilal fun 7.197.539 516,755 {1,423) 7.$2S.871 TOTAL FUNDS 15.723.413 721.422 16,444.835 Conwaralwe net nK)vernl infd5. in ab as loloyts." Gains and MOVnI in lund5 eded Unr•striet•d fvnds Gen•ral lund Cyclical maIntenCe fund Grants lund 1584.042) {9.140) 1123.6921 19,1401 323,369 323.369 1593.1821 323.369 190,537 R¢$trf¢t¢d funds Extraordinary Repair fund 14.738 125.457) 22.849 12,130 Endowrnent funds cap31 fund 192,371 326.384 518,755 TOTAL FUNDS 667.459 618.639) 672.ew 721.422 PaJe 42
CONSOLIDATED CHARITY OF BURTON UPON TRENT
NOTES TO THE FINANCIAL STATEMENTS- contlnu•d
FOR THE YEAR ENOED 31 DECEMBER 2024
19.
MOVEMENT IN FUNDS. contknI
Unre•trlcied fund•
General fuTrJs represwt the tUMaled of the ea) bg 4Wied Mi fvthranc of Iho
oblts ofthè charity at t1iscreth)n olltruSt0$s.
The Arnshou fund is set de wii5ilM)n addit lo those Isted in Part 1 of the
SChede to the govwnY#J Th& I] has recnty b•8n to pUa$• fow b981 In
Rangemora StY8ei.
charity's almshouses in ac¢ordanc With the reqlts of the chaws g