>>> 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￿$011￿?1ed Charty (*6wrLm T￿￿1 Rwstered tharity No239)72 Mr J P South￿1 Clerk tothe Trustee5 Flrst Floor. Glbrahar House Crown Square. First Avenue 8wton Upon Trent stsffordshire DE14 2WE Tel= 01283 527067 01283 507969 Emaa: Mr C B Robinson MBE BÈM Ci (Chalrl Mrs P LAc*royd Ivke Chalrl Mr G Brown Mi R J Clarke Mr D C Leese Mr R G F•rKher (Resign￿ 29107110251 Mr P Odow IAppointed 12106120241 Mrs S L Pfvillps Mi55 D UptoD Re/d R F Slyles Mr K Wiliantson (Resryned 19IOSI202SI Mrsm A Heather Mrsc IReswed 03101120251 alrmrs LWa*er alr Mrs 5 McKieman air Mr S P Gask Clr Mr C D Vtdeman Clr MrD F Fthher Consolidated Charlty PROFE5510NAL ADV150RS Soli¢ff>> Con50&tht•d Charity sTrucniRE GOVERNANCE & MANAGEMENT Chari Scheme AlthLvxh the ori8ins of the charity date bxk to the le centwy. the current pro4tsions regukiin8 the purposes and admlnlstrat•Jn of tbe charity are contained within the scheme created by order ol the Cth3rlty Corwnissiners for England and w#￿5 d•ted 4th W 2Q)i as •mended by a special resokni.om passed 14 February 2005 and as amended ty a sp￿la1 rescdutlon passed the 4- March 2019. The charfty Is nincorporaied. Trustees The charlty currenity ha5 se¥eMieen Tn￿ with Th¥0 vaca￿*5, fi¥e of the TruAee5 are nO￿nated by East 5tafford5hwe BOr0￿h Council. Nominated Tnst￿ ts￿ apwinied for ¥ fouT-ye4r term at a nwtir4 held accwdlw to the ordlnary pra£tlce d the apWntkng tr¥)dy. C(￿[￿ed Tr￿tee$ are appolnted for a five-year term by the twstee5 at a spKial ff*etingof the ￿lIty. Ctropted Trumees are persons T*ho thro4h resIde￿e. Lwètknn. enwkyymem ￿ otheThthse have special know* of the area of benefit. They are recrurted from the net￿C￿k 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 rethe5￿￿anY 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 dc*wnents relat￿ to the charity and the role of trustee and this 15 followed up by a meetirg th the thrktofarrAliarise the newTru5tee with the Work￿1S of ¢harity.the Wl and?¢￿nt1￿1rartw*￿rk and theobllgaiionsofa Tntsiee. The rharity ha5 •tso adopted i policy ol an oD8viry P￿55 foi Tru5t¢t5 de5i8o¢d to enhance their knovAed8e aThJ ￿derStandi￿ of swif￿ areas of interest and io keep them updated on (urrent deve￿ments. This is cafried ¢xrt on a group basis arrarqed by the or on an indwKlual ￿$L5 thrO￿h extem•ltr•lnlrtK¢LNrn lrtdtpehdtht bodle*AltewtWf, the Otvk m•y Issue bvlefir4 r￿te$ to thtTrustees. N(the ol the Trustees r￿1¥¢ 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•t￿n by the MJin The ad￿4￿1$1raI￿￿ of thechatKyls perfwmed ￿the and theA55tstant Oerk. Tho Pdicy and Re￿Ult￿S ￿￿O￿l￿ee Ss re9)0￿bI￿ managM¥ the fi￿rt￿. athlin￿traI1on ar governance ofthe tharfty. Ihe ￿mshUu5￿s i5 re5porNi4EfDlthe managerl￿t irfthe alrnshcwjses. Consolidated Charity Granis to organi5Jlws owe awarded by the Comminee. Grants to iThJrrfithJals lor relief in need are awaided by the ￿nall Grants W￿(0￿miltet. The EducalK>nal ￿￿-col￿nI1[ee Is resFrtM75th for gNinx financial assistaDce ￿ ihe lorm al 8ratbts to Individuals For the purpose of advanEin8 theii e(kn&t￿Tr or perxwl devebpment lincludiThe srx*t 3t)d the arts) ènd alx) awards buryr*s to Students t3kry unNeiyty degree courses. The Sub.CommQtees are made ￿ as folk)ws.' Policy and Resources Almshouses Mr C 8 Robkn50n MBE BÉM DL IO•iil Cllr Mrs P L Ackroyd IVK¢ Chalrl Mr G Brown Mr5 M A Heaiher Mr O C Leese Mi$ 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 w1kn￿n Mrs SL Phillips Mr C B RobIn￿J￿ 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 s￿h 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 a￿d 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 An￿Ow. Under Needth. Bnn5ton, 8rizlinci)te. Dun5tall. Hanburyi Strettorb. Tutt￿ry. Rdlesion on Oove. Tatenl*l and Ran8enMMe and extstin8 tThil p•rish of OLrt*YM)ds and OutwctrJ5 South. The provi$￿Tr d •knshwse ¥c(xhnw)d*iM kythe pw. The prOn￿￿n of any chanlable puip)se thrO￿h the of flThan(tal asslstsrKe th IndKTlduals w aré in need and to tsr%ani51tv)ns stwvt the ctrfrNTh￿ity. Aims In Cond￿1￿8 the busthess of the Ch•rity.tF*Twsttts h•vethe fdlwrf•lms'. A. To operate a sullKknt numbw d almshwses th Saifjsfy the need indeF*ndent accomnK4Jath)n for qualfyiw residents. 2. To rèpair and maintsin the charty's akn$1KM￿ to the IM#lt&n&s for the bènefrt ol future generaiioThs. To rreet requestsforfirkiKial assistance frorn intkth15, re5xlent in ￿ a￿* of benefft are in ￿1 l)v reason of youth. age. dlthealth. dtsabdity. fitsarwl hardship orotlw diuthf•nla8e. To offer financial supp)rt to I￿1￿11d￿al$, resbjeni in the area of benefll for ihe athlancement of thefjr tdL*ation or ptr50nal dV1eh)p￿nt lintludry SE￿aTrd thèartsl. To oller fman¢ial assistan¢e to hot4or-profft ¢y8•ni￿1￿$ 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•rit￿5 41mslK)uses and it5 ¥•tw grwt 5cheme5. Ob"ectives TheTrusites 541 the fdlwirvd Ma￿ lottheye4r. To balance the bL*et so that income generated matches expenthtuie over a fve-year peth)d, tsklng into tmsideration e￿ePt￿lI ￿1n$ and h)55es ￿ the In¥estrrtnt Portlolio. To ensure the relurr￿ from the charity's 1nVtstm￿ts meei the tarws spe(ffied In ihe Investment PolKy. To maint•n the short-temi adjustmint to the Investwt pMlol* to f•vw wjme th0￿h to jeoparthse sf8nrfkantly capfjlal8r0¥￿. 4. To revlewth• returns from the chwW5 knvesiment propErry and the Heh Str•et Fryertles particular. To keep the almsho￿e$ with a ofgbXo¢¢yparyomthe ye¥. & To keep the aImS￿)&￿e propertiesmaintsined and in Cond￿1￿. 7. To offer Cory￿0rt 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￿$, 8rant5 to fi)r ref*f in need and 8rant5 to ifidividuals fof educaiion and personal deveknrfflent lintluding sport and arts) io serve the need5 of 311 sertors of the local rommymity To m4noge the Bursary Scheme and award forty bursaries to nM)St de5eThin8 st￿￿ents. 10. Ta monitor grants awarded to not.for-profit w83nwtions to ensure the Charity's resou￿e$ 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 susta￿abIlity of grants consthred vthether art award wouh* be of publK benefit. The Pdicy & Resoufces s￿￿(0￿MrtIee detaiw man4*Thent èttounts on a quarterty basis. Actual Intorne and expenditure were c(Mmpared against the budgei and ihe perfOr￿nCe of the charrty s flnancial and property InvestmÈnts was Ch)se￿ scrthini5ed. The P￿ICY & Resouices Sub-commiriee cOnd￿le￿ 6 rev*w of the Charity's comnErcial property in5urante ariangernents and the provision of trustees Ir1den￿ltY insuran￿. The Pokcy & Resources Sublommittee liaised closely with the Main Commiiiee and ihe other 5ub<(xnmittees io enswe that ani￿paled expendilwe ¢oukl be met within the overall b￿getary constraints. The 5rnall Granis SU￿C￿￿mIltte met re8u￿rty io maha8e the demand lor rel*1 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 regu￿rty 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•g￿nE the employment of two wardens and conducted apprai5è15 of rheir performance and managing the operaiion of community cau system. EdLKatio￿l Sub-commiiiee rnet re£darly to consKler the OPEratKsTr of the educatlonal gr•nts scheme The ￿￿CoMr￿llet a150 re￿eWed the wrt)fkin8 ol the bursary scheme and li•i5ed wilh headieacher5 and heads of sI￿h 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 vant*na￿rrf 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 t￿li41$¢￿tIOn coffisidwlngthe merlls of any. part￿￿ar apF41catbTh. A. GRANTS TO ORGANISATIONS Applicationsfor #rnfits fr¢m ty8ans)tions ¥e tythe Paakn C&M7￿lItte wlich Current￿ mewslour tlmes a year. t¥n of these meeiirsgs are yant award meetiirts. It is the TTUStees' pollty to award i bmd range ofgrants to a cross-sectw ofthecrmmwlty. Applkaiionsfrom orwlsaiiorts are (awrtsed a5folo¥ts: Heakh. Social we￿are & Care Sport. RecreatloTr & leisure Ethjtaiion & Youth Devel¥￿t Voluntary Grovps- 8Lth Voluntary Grow5- Equiwnenl Voluntary GrO￿5- th*theads Faith COMft￿nIty. Envoronmental & HerRa8e The overrldlni w1ncl￿e ts that each grnni at*atlon shr*Jd be considered on its m2rits. The Trustees, wlthout fettering th•"r dlsuetion. effi5idev the folbwink ouestth5 when conslderfng the m•ffjts of an aPp1Kat￿.. What proportbn ol ihe ber￿￿*￿5 are re￿&￿t in the•w of btnt1*7 How many benefici¥iÈs are there lthety to be7 Is the appncèThl based ID the ￿e0 of ￿neffit? Fh)w needy or8ani5atwlt*neficiaties? h)wessenthl ts the Item appl￿d I¢￿ to the runnkn8c4 the oryni5Otion7 Whot W￿ld be the detriwent to the oppIKanVc￿n￿￿nlty ifthe Brant was made? What reserves thxs the applyknE organ￿ation have in its balance Sheet? Has t￿3￿*•Tht 5￿jght1￿￿kry Ifomelsewl*re? Wlwe the applicant is a dub *iih member5. hknEtlw ger*rated some ol thdr lund5 for thernselves? The Trv5tee5 also take •t<¢￿t of the p•st htst(Yy of 4ppl*ations afid awards to the appllcaTht. This knclud¢5 PU￿*￿ty8￿en to the char￿y. comp4arKe wfth mnknrkn8 w0C￿reS3nd the irwrt made by pre¥￿u$ grants. Con501idated Charily B. RELIEF IN NEED GRANTS The Relid in Need grant xheme ts tor wpbe ￿ drfliCv￿ c11cm￿tanceS who are in need of ill. health. disabrfiiy. ftThoncial hardship or olher disa¢hfantagÈ. The scheme primarlly wo¥hSes fv"nandal assi￿ar￿e lor those in need io w*ehase 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 acc0nwan￿d by a ￿tter of frc¥h a sUPPOrt worker or oiher suitable prole55K)nal arbd wovidE pr￿1 of irTht* and expend(ture. AthKatw)ns 3ce (c￿$1dered by the Srnall Grant5 Subiommiitee anongoing basi5. To pr•YtAt abuse of the Syst￿ thetrnstees ha¥e adopted the follow6ng gukJelne5.' Trustee5 will Trotaw3Td grants io£Fear debt. The mè¥lmum award al items is £750 perye•r_ A maximumof three appI￿all￿$ 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 Ed￿3￿nal 00 ary on8￿n8 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 t￿rIe. tvent or KKOjttt f¢y whith thev are seekinz 055i5tarKe >)> Con50lid•ted Charity D. BURSARIES ApplicatK)ns are con5ideted try the Ed￿3tH)nal Sth¢ommittee. appknC*￿￿S MU￿ be accc*mpanled by a personal ￿atementfIOM the applKaTri and a C￿f￿1111￿jpwrbWsts1erneTrt 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 (￿o￿al￿esthIs mèy te increased at the dlxretlon of the Tntstte51. cons1(￿1￿# the ¥*or4S th* Trurtets a$5tss t¥¢h applltèt according to theldh)winK uii*ri•'. AnarK*I need A¢ademi¢ ability Leadevship* positior￿ of {esp￿￿1￿1￿Y andin¥dvenrnt in 5¢thod LYr(NThnunty •£tr¥ities The maxlmm award Is £1.6SO. eqUal￿o¥er1hree year Consolidated Charity ACHIEVEMENTS AND PERFORMANCE Balancin the bud et The Trustees bu*t2d to repDrt an i)peratinK s￿￿US of £122 ¢wer the year The result for the year is surplus 01 £76.621 the maTr)r differeThce5 beir Incc•* received was N8her ihan empecied by É38,(KKI. Investment yoperty repalrs totalled £17.936 an Increase in spend of £12.859 over I￿￿et. During ihe year Ihe (harlty has continued Ihe major repair and improvement wo&r4mme started during 2016 to the Alm5hw5e5 ¥nd the lotal 5perKI fortheyeaw w•5 £38.9rffj. Org3lliSat￿ 8ranis 3waréed were £33.677, than b￿l8￿tell and Tel￿ in need ptyments were É2.804 hvdher iharb ￿d£tIe¢l. er the 5 year pe￿0. there is a sur￿$ oflbKomeover expenthure. A￿lYsIS 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 Inv￿tM￿nt$. The capitèl value of linamcièl nvestmenl wrtfolio increased ty 3%. io Cons(dthtod Charity Almshous AlMsh(￿Se5 are d*llinKs prLF•iW ty • ￿nt￿(￿ kn people In Theed and administered a Èody of ¥ol￿tary trvstees. They wovidè disaO4anta6ed Feopbe. ny)sily elderly. 4¥ith attwdab* ￿Sin¥ enablin¥ resSdenis to retafjn the¥ iThJependence and to Iprt in thvr kntal torrn*thity. The Consolidated Charity ￿$ 29 almshouse5 in Burtcrt T￿￿t 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 In￿Ct 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 ri01￿11￿$ 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 0￿￿pan￿ knl remalns ht8h. 12023.. £139.94SI. The totsl otcup•nty levelftythe yearwa5 WA wh￿h Wa$ab￿e the set iarget of90 aosely advtsed by the char￿5 WOFerty aynts the trustees spent a total of £87,12012023.. E75.8571 during the year on the Ma￿1enance #od upkeep of the almsho￿$. The have commlrted to a ccffiwete TefiJtbishmÈnt pr￿￿rnme ofthe ￿m$hoL￿ as and *then they tecome avallable. In accordance wilh the chatirfs drxument. the Irustees have estabwied an Extraordinary Repair F￿d to o¥lde for the eXtraordi￿ry repalr, Imprryeffenl iy rebulldiT¥ of the •lmshou5o and • CyclK•l Fund to wo¥ide fLV orth.nary malntenance and repair. At the year end the E￿[￿ordInary Repair Fwd awwlted to £20,235 and the CyclKal MaiThtenance ￿2￿3% T Trustees also made provis1c￿ of £259.940 vki thÈ Extraordknary RepairTopUp FUTh The tesidents are charged an a¥*rage weekF¥ mah)tenar contribjibn of £102 ptrweek. li Consolidated Charity Grants to Individuals A. RELIEF IN NEED The C￿TIlY r￿OgnISeS that many people can fiThJ themsehfes w) difliculi circumstances olt•) thwugh tho faLdt of their own. Whllst the state ￿0Vide5 a wde range ol beTrefits ènd SLwpJn thece are some iThst3Dces wthere 0￿e r￿￿ help andthe state ranrK)l a5ysI. The Trusiees received an increase demand for the over ihe year Idlwin8 a swcesslul sUPPOrt wothr meetin& olferlNd an fNeNiÈW of the aP￿lt81*>rt wocess and awareness to local support workers in the commlmlty. 2024 a total of 162 Rrants were awarded ioiallknE E9Z.8N12023'. 142 I￿all￿fiR £82,759). B. BURSARY SCHEME The bursary scheTh￿ aim5 to help ) maxwnum of frth underEraduate stLthnts residerst in the chority's area of benefv wrth the tosis as￿lIted with Siuthng for a uAivetyty dec￿. The Trusiees ￿1r￿lUced the scheme In I9￿ In the wake of the red￿1￿ lrn stthknt8rants and the IntroductbD ￿ iuition fees. The 5choDls and colleEes Ind￿1￿ in the bw5ary Sche￿￿ are Abtxrt 8we School, Burtorb and SDUth Derbyshire District College. De Ferrers Spec￿liSt Technolow (￿le￿, Jthn Taylor High School. John Taylor Free School and P4Bet HiBh Schwl. Paulet High Schfy Thls Year there was a decrease ￿ demand lor ihe bwsaiy scheme ￿thIn 33 ath￿n[s èpptyln8 lor a btsr5ary. roryared to 45 applicati￿$ 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 financ￿1 asststance frcwn ￿di¥￿al$ for a variety ol ¢ther purposes includSn& Furthw education and vCKa1h￿al trainir Overseas trip5 f¢* prsoThal development Sport5 activities Arts ¥h￿arshipS 4 8r•nts were •w•rd¢d thi5 y¢•rtiAalhn8£J.123.6012023". 5 8An15 totaling£l.OY)I 12 col￿ated 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 yo1￿tary 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 c￿TrtY tc¢ aim to bO￿n¢t rts gTrnt-fflakn"w lo ￿nefit all 5erlions of the Comm￿lIV equally.The charity makes both CaPLal and ￿en￿e grnnts. )me organisètions that ask ft)r help operaie outsrfle the ch)nVs artè of benefrt but still provide v*al help or seThices for ihe resldents wfthln the area ol benefft. Grants rnade to SLxh or￿n￿l￿)n$ a￿ cal￿1)ted on a proporlionale basis. Grants totall￿8 £104.116S6 *tre awarded to or£an￿1￿5 ¢AJring ihe year with £?0.0￿ Outstandi￿ #t the vear end.12023.. £97.045 7rriih É35,940 outst•ndin81. Tntstees We￿ Sèlisfied with the sp￿ad of grants awaidod which wtte aMa￿Seda$ folkywk. Grants to Organisations 2024 - Values k-lJ'.i.r.w -OtCA.i¢i' ar¥ic4 • ￿￿￿11 Ip.. 11-. Kr￿Tr.-"￿ti>.- ?r 14 Consolidated Charity Grants to Organisations 2024 - Percent8go EducothrA)andYaiitn spe*tsrthc¥eèibof4 Lèlmrè ValuMaryGrw Llwkht • FaK* c*nwThnLtyEm*ronrr*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 reCei￿d from Consolidoted Chofity wos (n￿￿1 d￿1r￿ those eorly doys of setrllng intg ow new btwlthng It tjsed 50nY ol the prt55ures those fvst frw moftth5 ond htss IKen o Contr￿￿rIn9 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￿ w￿l￿0Y oktyrole in enhoncin9OW BfECSport 8 Core PEprovrsion. qi¥inq Students the toleorn obout undeAperience the OCti¢tilbenefits olknKolfitnessfiist-hond Whetlrtr tl*yt¥re towords oquolfficotknj or smpfyoiftjinq to improve thewowerollhe4lth •nd Perfv￿￿e. the5￿1 willoffei o wekoming ond Joanna's Dance Academy- £300.(K) grunt w￿1 ¢o¥er the tost olcortwhes whKh fj LNyt less e¥Ynse fvr porenr& IWJoutfvK*ng ow trip would natbepossible 0$ thecosts woddbe toohwh. W￿￿er. Da￿e Prirtlpal Volunta Grou Buildin Anslow VillaBe Hall - £4.CKKI.00 7hegront enobledus when opptyw to other btsdieslorgronts tlk7r *rhudolreody been &uctÈssJulin obtoiningfundlng, Liz Staples. T￿lSurer￿(￿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) Thefv￿lrOM Consoffdotedchoritywere the￿￿90￿ 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 se11fv￿ln9 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 i*re imprKt t)n t q￿lty ol perlryyMr*es * 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 SeThwces*Nitt￿1 ￿￿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 I￿U￿teerS ore Ilned t¢pfvrour sumnyr tourrnintentopTrdswrtinq¢¢NKhs. Thtsc1eortsn￿eo￿￿¥IUn￿￿sfr￿￿I*e￿ to enme wth physicolortivity.. H alth and Social Welfare and Care Children'5 H05Pital Pyiarna$- £l.SOO.IX• 19 Consolidated Charity St Giles Hospice- £5,0(M).00 'The 9ionr from rhe Consolidoted Chgnty to the ol St Gtle's Hospr¢e's ¢we refvrblshmeni ondclffiicoleowpmentwoiett.. e114 P455, Trusts and FwndatvJn5 M•na8er >>> Consolidat•d Charity FINANCIAL REVIEW Ihe General Fund inrrea5e of E73.644 in 2024*5 maiitsined by the nwnittiriryol cashllowon a daly basls. 2024 was amther volatfjbe irNestmeiit rnJrkets and xtvity in the year yes￿Led in ￿1Th5 ￿ the vakje of the flnancial Itwe5tment portfoh.oof 32%. Atthe end rfthe yearthe neiassets of thec￿rity$tc4>JaI£I6.941.o28. an Increaseof 3%. serves Poli The Twsiees (Msider an amxryiate le￿ (* reser4*s shrAAd be hekl th ensure the ctharity has suffKient resources to rr*et lis eXp￿dIt￿e and to alryw for reotganisaliDn in ihe vent Df an ￿￿)reseen Inciease ￿ expenditu￿ cr Iwilylit*5 ty •n urwec*d do*ntLwn 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 anNUa￿ty the PcW& Re￿* tsrces &Jtrthn*iee. 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 a￿Unts held withirb Gen￿al Funds to meet f￿￿re commitments. The ￿t￿ for Ilesi￿atÈd Fthds and the an￿unts dèsignated are reviewed annually. The £harity'S wmln8 d￿￿nI rewires ihe IrU￿ee5 to maintaiTh for the extraordinary repair. knpro¥ement or Tel￿￿klIng ol the tharity's •lw&hytse5. Tht thbtity o Restr￿ed Fund for this purpose. bul the trustees tonsithr insuffK*nt io meet the charity's future comMft￿ts. The trustees have therelore desvdnated adthlonal funds to meei these commitw*nts 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 ReStr￿ted fvjnd the chanty ha5 Set aside a total of £8BO.175 for emiraord1n￿ repa￿ Wthkh the trustees ccffiyder sthKient to rnEet the C￿1￿￿.5 future commltmerts. In accordance wlth the rewirements of the chariiW5 eo¥ernY¥a thxwnEnt the tnJstEes have del￿nItEd 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 cons*ler 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 bet*w i￿Orne 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 saiisf*d with the performance of the Investments of ihe charity during Ihe financ￿ year 15ee page 101. However Contin￿ne p￿$s￿￿e on the charli￿5 b￿1get ha5 f4U5ed the Tnjstees to rdain the short-term ￿$trUctIOn to the In¥e51ment managers to adjust the investment portfolio to favour inCO¢Tr th￿￿h nol to jeopardise 5ignif1contlyia￿tll 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$￿SlIde for weparirvdthÈTntstee< *Mual Report •rwJ the f￿artIal statements In cordance wlth apk￿1(atle lawand UThted KYq(h)m Ac(ountin8Stand¥ds IUThired Kin8thyn Generally Accepted Accounting PractKel. The 1awaP￿cab￿ tocharfjiies in IEnBlènd& Waleslthe (haritiesArt 2011. Charity IAccouThts and Reportsl Reeulat￿5 20D8 and the pr￿lS1or&0fIhe trust deed reye5the Tru5teesto prepare linanciil 5totBrnent$ for EaEh fiThJncial yearwhiih Vve a fairlitrw of the st*eof 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 apthts*Mc0rs￿t Obsewve the methDds and winciples in the Chartt￿$ SORP 2019 Make jty*ement and eslimatesthat are rea50n•bbè and prudtnt State whether appl*able accounting standards I￿Ve been fokn**d subpci ￿ any mètuial departures thsch)sed and e¥t4èiThed n ihe finarKial ststen*nts. Prepare the finar￿la4 5taternents on the lo1￿ thntem basis uhbÈss li ts Inapproprkite to assume that the Charfty COnllThJe in *¥JerathJn. TheTruttees are rnpomsible fLY keepln8 F(oper￿co￿li* re¢￿th which thxlose. wrrh rea￿￿èbleac¢Ur at any tlme, the linar￿la1 posil*Jn olthe Charlty to erwble t￿rn to ensure that the fin•n¢ial state￿Trts compty with the Charities Art 2011. the Ch•rrty IA¢¢0￿1$•nO Reptsrtsl ReiLth*y￿ 2008 and ihe p￿$10￿5 of the trust deed. Tlwf are a150 respL￿51b1￿ 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 Ch￿ty ol &Jrton upon Tr•M ltha 'ch*iiy'l for the year ende 31 Decernber 2024 which ￿mplIS8 Ihe Stslemenl ol Fin￿* Athilies. the B*nce 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 app￿￿8 law United King(h)m Ac¢ounl•)g st￿dards (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 aP￿ICa￿On of resources. fL¥ the year Ihen en¢Jed: have b¢gn properly prepar￿1 in accor{Jan￿ wilh UINted K4yYThn Generalty Accopled Arxwntir9 Pr*t￿." and have been prepared in a￿d￿￿e¥￿th Ihe requirwronts ofihe Acl 2011. 89$1ty lor oplnion We conducled audit in ac(x)rdancè ￿th Inièmat￿a Standwts cx) ALKliting {UKI {ISAs IUK)18nd aP￿icable law. Our iespons4)i1il￿ under those standwds are further desul)￿ in ihè Auditors. r•s[th)si￿.1l1les lor the audit of the finanryal staitmtrts see￿n ol our rèp￿. We a￿ iThJep￿l of ts chwity in with Ihe etlwcal reoLwements that are re￿Vant to tyjr 8udit of thè Stat￿6n￿ in the UK. induthrg Ihe FRC'S E￿al S13ndafd, anntrol as the trustees detem)Ine Is necessary lo en￿)￿ thé pfqHètic¥) ol fift￿￿ stsi￿ents that we free from ma￿'al misstaternenl, whether due to fraud ￿ error. In prèparing tl)è financial siatements. Ihe trustees are resp?￿1￿4¢ for 3sse5Siry charity'5 atM"lty lo continue as a going ¢xJn¢ern, disd05w. a5 applrcthe. mattws relaled lo ￿#r￿j ￿ncern usiThJ the goHYJ t0￿M basis of a¢0￿ntIng unless Ihe Iru51ees eIt￿r irtgnd lo liqiidale Ihe charity or to ￿se operatons. or have no realLsiK a￿ernative but to do so Page 24 REPORT OF THE INDEPENDEKf AUDITORS TO THE TRUSTEES OF CONSOLIDATED CHARITY OF BURTON UPON TRENT Our r•¥ponsIbllW￿ lor lh• olth• t)n•￿141 •tatyrIv￿ts We have been appolnt&Y as a￿￿1t￿S ￿der 144 cAthe Clwrtss ￿ 2011 •J report th ¥ecOrd￿£t Tr￿1h lh* Art d rd¢v￿1 madg or haviwvJ thereurthr. t)Jr ot¥ectNes ae to ottsin rna$￿)ab1e assLYarKe *M)ul f￿￿ri#l stalements as a wholè arè I￿ Irom mat*ièl 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 c*nducaed in Ir￿￿¢6 ￿1th ISAS (UK) wll ￿et￿t a mtsia nmsslaknt vkn it ex￿ts. Misstslwnenls can arisfy Irorn fr8ud érror and ar• c*)nsidwed mawrial rf. indivith• or in the tygrwe. they oxjkl ￿Sonabty be eXp￿led to influence Ihe ￿onom￿ (tris￿$ ol u59r5 taken on thè bass ol th8se s1*th7)￿ts. Thé extenl to our ar• e4)thof d•t*Xkng fraud 15 det￿1￿ bdow.. Irwukrities. indudro frnud. instarw ol *ilh regulalKmS. We d95wJn PrQ￿e{lU￿S in lil wilh our resw>nsibilities, oullM)ed thve, to ￿et￿t m*ria rrlsslatements in Irrwwlarlties. fraud. The ex￿1 to whth our pr￿￿uTeS are ￿Pabl9 9fdeteCt￿vj wrvwLarrties. ¥￿Ul)ng fraud is detailed beknv.. In KlentfjfyfjwJ aThJ assess¢ng the rnks d Ma￿1¥ rnis*atrnl cl irrwlwil*. in¢￿1￿4 fraud •ThJ Jn•compliancewlh law5 re9￿4￿￿5, we -The nalure and c4mtrol enwronm￿I of Ihe chanty ur discussions wilh rnanagemenl and govemwKe ￿4(￿1¥¥j ¥4hether b￿1 kryJ*WJe of any sUsp￿ted or alleged fraud -The inlemal o)ntrols to mitpJaie Ihe rtsks of fraMI F￿1(￿ing our Teview. we have Identif￿ thè ar•as wh*h ¥• 4jew￿d to ha48 thè gwtest pjientlal fraud material misstslemenlwrthin the finarKi* slatwmts.. .The re￿ni￿n of Week￿ c(xrtributrTh fr¢¥n fre8hdd ￿$¢ -The rec4)gnition of investmenl income frryn fin￿￿1 inv￿lM￿ts -The valu?tion th financaol inv8strn6nts -Man&Jernenl ￿err1d8 W¢ *$0 ￿nSId•Ttd any that tI￿re (t￿ra1 of the charity indud1r￿ dwlty Iww. eMph)Yyn￿t law and heatth and Safety. Thè I￿1(￿ng ¥*re uThJerfakn in the Tisks where Ihe polenli* for rnalerial rnwt8t81r￿1.' Al th• Pl￿r￿n9 sknae of the wjit. wrt in plxe by Ihg 1¥)¥d of trusigps of their r*k a&wsmenl. Wè aso carri*l out a reviw* d the mYwt8s (A tnJst08 meetiry. IrKome transactm tesUrrfJ was perkymed to les¢ C￿￿￿¢￿eSS of T￿5 IndU￿d ￿r￿n9 rental in¢￿￿ to tgases in respecl of freehold invesln*nt F¥C¢)￿￿be5 cwwrKJ ¢xrt a rethi ol weelÉty contritMAtions from freÈhold alm# JY5e prorArb'85 to 9￿Ure that all pwerties r￿&Ved wular incx•i)e in Ihe year. Where the￿ were pwiods of r Ino)me In respe(a crf freth)Id Investment and *m$-￿￿Se rK0pwi￿5, we rtrl¢rrpd to Trustees, 8ts8rd rninutès to mis￿fy th¢ asons lor t￿.We also agreed the perc*We 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 d￿ldendS irAerest. w ￿reed ts k)t4 irwme per the t￿￿al 8talem8nts to an annual sunwxary ofthè quart•rfy r8POrts prepwed by the investrnenl manw. We lesied Ihe valuation of estinates in resm ol Ire*b)kl investrn￿ wopwlies and aIrrffj4￿Ltsè$ by ￿reeing to tho latest profess￿nal vauallorts wrK•Jvres UndWtak￿ by the tr[￿lee5 lo upda1¢ valual I￿VdIng consKleraDon ol Ihe use ot ex￿rIS. We g￿e 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 saM￿e ofiovmal enlrtes ¥￿e lesw ft)r appr0pfial￿?S$ enquiries L4 manwent a5 to the procedures in place for post5￿ h)urnal entries. Duriro ow aui*l we u)nsidered lapa8. urwsual journals Or tra￿Su￿n$ Ihè r￿rMal ¢yJuww ¢rf w￿e IwJhhghled as a res￿1 ofow tew. 25 REPORT OF THE INOEPENDENT AUDITORS TO THE TRUSTEES OF CONSOUDATED CHARITY OF BURTON UPON TRENT The financial State￿￿nts Y*re re¥**et1 tthywjsth wr (ths(*)sure thee￿IL81S to *lentify ￿uSUal or unèxpéd rfjlaiionships or any arèas ol non4onwk•￿. Dis￿￿5￿ wue hekj *ilh ￿ere il wa5 u)nsKl8red addillonal th"sclosures were required. We remainéd 8kn1 K) *y i)¢thcatv)rts d frajd. m*na rThSslateM￿t or and reguL4¢ions throughout the audit indudiry Ihose relalllKJ io thè fina￿la1 Sia￿￿1ts. A lurther destw￿n 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.UkIaUI￿1ol$l•s￿)nsIblIIe$. This dew"ption lorn￿ part of our Reporf of the Independgnl Audilors. of our réport This reporl is maJnting ￿ Rewrtry by Charities.. slalem￿t ol R￿n￿eThIed Pra￿1￿ applicabk to ch*ilies prepar*¥J their aCC￿nts in ￿0Ndat￿e wilh the Flnanoal RepoitrKJ s￿￿￿ard Wr￿C8b1e n the UK Repthlic of Ir4￿￿ (FRS 1021 {ef19the 1 January 20191.. Fina￿4a1 ROpor￿￿j Sl8nd8rd 102 The FIna￿la1 Reportkig S￿d￿d wplicthle in the UK and Repubk ol kelanrf and th? Charit￿ Act 2011. The ￿n0￿￿815￿1ern￿ts have propw&l under the hkstorrAI cost ¢(￿ent￿n, wlth the The finaroal ststemgrlts in stewknJ whK* ts the (￿K￿nal of the dwlty. Monelary amounts In Ihese f￿￿181 slatewrwts are rpunded lo ts nowesl £. A¢counlkng ludpmrnts and •stlmat•s The key source of eS￿Mat¥jn uncerfainty kn slat8ments 15 propèrty v8lu8lTrJn. Tha dmshoustt investh*nt arè prolessionaly Wak￿j fveyews C￿r¢Idered annually by the tr￿tee$. Golnq COn￿M tnL8leÈs r￿la1￿ mormtor thg res•Nes ass•ssmenl. Cash flow is monitorwj on a regular basis aThl Ihe dw.ty to rKwve rents from its wNestrnenl properl*s. we￿Y wntribuuons Irc*n its almshouses and inveslment inc(Yne from its extertstve To dale. IK) rnaterial uncertanties exist that woukl affed Ihe of Iho fin￿la1 slatwths on a wng corKem basis. In¢om• JI w)CL¥))e Ls recognised in ihe Ststwnwrt d FwwKial Ar*v** rrto Ih? tharity ho$ ¢rditlamnt to Iho furn1s, rt1$ probabk that the incrynewill be rK41v￿1 aKJ Ihe be meaSU￿d ￿￿y. CknatiC￿S. lega(aes aKI k7C4thn9 resowces we Irh*Kled year in whith thty *• rtt•ivaL4•. whk* frC￿ 9￿)1￿1 inves1m￿ts ar4J inlwest on twm detosifs is wxaiunièd hr M) thé yèar irt whKh 11 is Renlal in¢(rfne 15 i￿u￿￿1 in Ihe pwKKI it re*s. AM￿nIS r&*v•d in *Jvarte are dèferred to th8 folk￿.n9 p•rk)d. Exp•ndltur• LbatAlttl•s are recOg￿Sed as eX￿￿dUre 85 as there 15 a leg* or cor6lrudTrie rtiligal¥)n wmrnitiing tt tharity lo thai ey4>eixliture, it is prC￿￿e a trarnsfer of e￿n0m￿ ￿rI1$ will b8 reQ￿red in Betuement and Ihe ar￿Unt ol ¢he oblvjation can be Ir￿ur￿l rel8t4y. Expen(*lfft is accovnled kjr on ￿ accruals has been ckwif*d under headwy that aw9ale al 0>51 rel*d io the ￿eg￿y. whe￿ costs canTh)t be (*edy atlribtrted *) partic￿ar hth*NJs 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 t*Jl rKJl accnmj as expwKliture. RJS¥lng lunds This rel*s lo dirrft trxp•bJ*L*O 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 expenditt*è on ￿￿1$ aThJ ewL1rtLKe ￿￿rred in the provision of amshousè ac0)mmod8t￿n plu5 an I)p￿￿nM0nl01 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 g￿traIt ihe lif0￿￿￿)n WLthred lor publ¢ aco)unlability plu$ an apport￿￿fflellt ol SUPForf costs. Allocation and apportlonment ol Sup￿)rI cost$ r￿re￿I Ihe general manaj￿￿t 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 prtsvts￿n for dépr*tsat￿n 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 sh￿n al ITrJsi r•¢￿1 valLo1th. Any wJgrWe Su￿uS or defiit wisir¥J from in lair value is rewgnised in Ihe s1a1￿￿rbt of Fin￿la1 Actth. InVest￿nt propertiés are inc*Jd8fl at fair ￿ue al the thet dale ￿ we professionally revalued every fve yws The Iru51ee5 o)nsKkn the v￿LEs of Ihe ￿l￿£StMen1 properties on an amual basis in the years whorè a professK)r￿1 ¥aluation is rKJl cwried out. Flxgd a$set investments Finan04 investments are at a faw valuatth at the balar￿e sw date and a￿ revaued annuaty. Gains ￿ losses on dispos* reVaIL￿17n ot KNe5kn8nts ar• th￿d to the Sthtema)t of F￿ana￿l Actiwties ISOFAI. D•btors and crndt< Trndè debt¢)rs and ¢￿￿110r$ are feo)gnised at ￿ inNvwl a￿u￿t after any th5LY)uni offered. Prepayments and accruals arè vaued ai Ihe amouni cak¥laled. Taxatoon The ch*ily 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 pron￿le rts thariiable obiecls. P￿e 32 CONSOUDATED CHARITY OF BURTON UPON TREKr NOTES TO THE FINANCIAL STATEMENTS- contlnu FOR ThE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POL￿￿5- conllrn F￿d a¢￿￿nth Resth"ded lunds a￿ those Tknh van be by the tyuslg95 fty a patti￿13T pUry￿S•. 98w*d fffjm assths theselunds mwy th be appl*d for￿ swne wrF*)se. unrest￿ fLmds a￿ genw4 thal we a¥&*Jle al tr￿1￿, tSserelion in furth•ranc• of ary obiÈctNtt ofth• tharity. D•signated fur#Js are wresirictsd set as*Je al ollhe trust￿$ tor purposes. Endowment funds rnust be retsined by the th*ity awj caTh￿t be spent. The Ir￿n6 genWat￿ Irom the assets held In th8se funds i8 fwsl aFrfJlied to ￿ cost of m?inlwMrwJ ￿)$0 assets. Surwus income Is avallable lor P•n•lofi co•ls and oth•r pr•l-r•tlr•rn•nt b•nvfits The charity owales a def￿￿ ￿nb￿￿on SI*8n￿. pay* to tho p9n$￿Th scherne are Ch￿e4 to tlw SlatO￿nt ol Acb¥ibeg in the penod bvthich Ihey rdate. Flnanclal Imtnrnnts Fffi*)ual inslruM￿ts ar• clas%foJ antl accwrted for. ￿)￿ding 10 the stknstan(* of Ihe eontrèclual arrangement. as either flnwKaal a4sets. Ik*bikt*s or *qu￿Y ￿ruMents. An oqudy instrument is any c¥)ntract that ewderK£S a resKiJ* irtwe5t ¢Athe corrwry 8ft8r dadL￿tiNJ ai of Its liab111ti6S. IMVESThIENT 14COME 2024 2023 11¥.100 119.951 DWNIe￿kn and irtere6t INCOME FRIXI CHARITABLE ACTiiimES 2024 2023 Total Wfjgkly mahilon¥Ke rthtn.but￿nS 139.945 CONSOUDATeo CHARITY OF BURTON UPON TRENT NOTES TO THE FINANCIAL STATEMENTS- Continuod FOR THE YEAR ENDED 31 DECEMBER 2024 RAISING FUNDS R4$lng donotlon• •nd l¢gacie¥ 2024 2023 Investment man￿Ment l&s Mainlenance expenses Establishment ex￿Se$ CAher costs Bad d8lAs Legal fees 70,563 17,936 3.574 12.$10 66.412 5,077 7.593 10,044 65 6,276 4.373 108 976 95.467 Other tradln9 actlvrti•8 2024 2023 &Ipp￿1 costs 18.346 Inv•8lrnent managBment costs 2024 2023 11.887 12,229 Aggr8o8tè aMO￿t$ 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$es Eslabllshment expthses 36.315 87.1 22A84 31,884 75.857 23,803 170.096 153.531 GRANTS PAYABLE 2024 2023 Grant makng 236.354 Thè total 9rarts paid to WtsliiulAxis ththiNJ 85 knlk*hs: 2024 2023 Heatth. *￿are SFKJrt, reue*on and leisu EducalKJn and youlh devdcpment VrA￿tary groutss- &M"kli vc4￿(ary groups- Equipm&)t V￿￿ltary groups. W•aJs Faith Communrty. ￿VIro￿￿en{ her 5,310 15.747 5,000 3S.I)00 7.914 33,206 756 19,789 10.CKKI 6.500 59.C#)O 10 The grants to indNith* Ihe yewTKas as f(kn: 2D24 2023 Health, social wemwe and c Relief in need Bur$￿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. thYL￿e￿ in Ihe above. a￿ as loh)ws.' Manag•m•nt Investment management ¢V5ts tracsing calvit￿5 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 G￿t 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. contin￿1 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 C*￿rnber 2024 1.860.(*)o 1,867233 DEPRECIATII)N At 1 January 2024 Charge lor year 3.889 443 3,889 443 At 31 December 2￿24 4.332 NET BOOK VALue Al 31 Dètèm￿r 2￿24 1.8611.i￿rtr 1862 901 Al 31 December 2023 1.860.IJ)O 3.137 1.863137 Cost or v8luakni at 31 C*eén*)èr2￿￿4 ks repre￿t￿ 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$1StS enlirely of vhKth we ￿￿ed dIr￿t purposes. Th8 almshouses are included in the ffinancial statements al valua￿. (ost L5 ￿kr￿￿4n. Th• Ajfftshouses vahmd at 31 Oec4Trknr2022 by o PlDWti￿ valued regard to their restitted use as Almshouses on ￿ exlsbn9 use b*$. 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 2￿24. 14. FIXED ASSET INVESTMENTS Cash and s•ttl*n8nts p8ndiNJ Totals MARKET VALUE At 1 January 2024 Additior "sposaLs Ravaluatpjns Impairnwits Reversal of imp7innerts Exc￿0 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.$621 371219 Ai 31 December 13 44 67 665 13 289 509 T BOOK VALUE At 31 Decthiber 2024 13 Ai 31 DÉ¢￿rnb•r ￿23 12.652.615 219.786 12 872 401 Cos1 a131 D&C￿ber 2024 b r•presenknJ lry: C•&h and In4*•tm•nts p•ndlng Tolal• Valuat*>n in 2019 valUa￿n In 2tr20 Valua1K>n in 2021 Valua1KJn in 2022 Valualkjn In 2W23 V8lua1M)n in 2024 11.848,430 389.073 1A07.027 11.759,1031 767.188 549.229 107.081 189,210 {91.490) 1S7,430 1142,4451 152.1211 11,955.511 578,283 1,315.537 11,001.673) 624,743 397,108 13 The ontife wa5 managed by LGT Weath kkn•5•n￿ on bvis. PwJe 39 CONSOLIDATED CHARITY OF BURTON UPON TRENT NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 DECEMBER 2024 15. INVESTMENT PROPÉRTY F￿R VALUE At 1 J￿Vary 2024 8nd 31 DeC￿ber 2(rd4 NÉT BOOK VALUE At 31 Oe¢ember 2024 1.315.000 At 31 C)8eembw 2023 1.315.000 The inv8slmenl properfiès consK￿ of a var*ty of shopB. I￿$ aThJ al 5 in Bvrlon Trent. Investmenl properties are induded in the statemerts al vakntw)n (h¥Jinal ¢xJst Ls unkTh)wn. The prO￿tieS werè maluad at 31 Ll8camt* 2022 by a wofesswal valuer on Ihe b8$i5 of Ihe opgn rnarket value as d9fined by the Royal Institutxjn Lrfthariered &Jfveycws. The Iruslees c(Ktsider this vthJ*)n to be reasc*th as of31 Decwnbor ¥J24. Far vahjtr 8131 Doc*mber ￿24 is reprewted by.. Valuation in 2017 Valuation in 2￿22 1.265.000 1 315000 oe8TORS.. AMOUNTS FALLING IXIE WITHIN YEAR 2024 2023 Rental inrome due Rental (Jewsits Prepayfflgnts 16.071 3,345 14.192 3,345 40.336 37.555 17. CREDITORS.. AMOUNTS FALUMG DUE WITHIM ONE YEAR 2024 2023 Trade credito Soryal s￿lY and ￿h$T iaxès Other credi¢( Grants pay*Jle DelwTed In￿Me- 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 FALl￿G 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 fu￿1 Extraordlnary RepairTopw) furrfl Cydic* maint9nml￿d 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 18*955 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.$2W1 716 (185.9551 7.74Q632 TOTAL FUNDS 16.941.028 Gains and Movemenl In funds unr•strf¢1￿ fundg G￿eTaI [￿d CydKI Mainlenwce fund Gwts lund 1601153) {2,495) 1112.311) 12,495) 1fj05.6481 195.393 80.587 R•strld•d fund$ Extmrdinary Repa*fund 8.890 endowm•nt funds Ca5Nlal lurKI 2Q3.812 406.716 TOTAL FUNDS P￿e 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 l￿d• C4)ilal fun 7.197.539 516,755 {1￿,423) 7.$2S.871 TOTAL FUNDS 15.723.413 721.422 16,444.835 Conwaralwe net nK)vern￿l inf￿d5. in ab￿ as loloyts." Gains and MOV￿￿nI in lund5 e￿￿ded Unr•striet•d fvnds Gen•ral lund Cyclical maInten￿Ce fund Grants lund 1584.042) {9.140) 1123.6921 19,1401 323,369 323.369 1593.1821 323.369 190,537 R¢$trf¢t¢d funds Extraordinary Repair fund 14.738 125.457) 22.849 12,130 Endowrnent funds cap￿31 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. contkn￿I Unre•trlcied fund• General fuTrJs represwt the ￿tUM￿aled of the ea) bg 4Wied Mi fvth*ranc* of Iho obl￿ts ofthè charity at t1iscreth)n oll￿truSt0$s. The Arnshou￿ fund is set *de wii5ilM)n addit￿￿ lo those Isted in Part 1 of the SChed￿e to the govwnY#J Th& I￿] has rec*nty b•8n to pU￿a$• fow b￿981￿￿ In Rangemora StY8ei. charity's almshouses in ac¢ordanc* With the req￿￿lts of the chaws gm8 ger￿TrI￿ by tkK)se assets are relaiwl ¥/dl¥"n each I￿1. End¢xvnxntI￿dj The d￿rity has a c￿ts1 fuThJ which ha5 been ￿J￿NA*j c*nturies. tt is a pem)anent eThJowmenl fund whlch requires Ihe InKs1￿ kj maintskn thè ¢4Xta of Ihe furwj lor Ihe bert￿t offiAurè gw*ralKJns. gains or k)sses on the valug ofthe assets W in ftjrnl are ret￿￿1 ¥ithn Ihe fvThJ. Inc￿Me generated from hekj In the IL4)d is fwsl appled to the expense of manwJh¥J those assets. suryAus Inc￿ is trJnSferr￿ to gwwdl oxpw**lwe by ts tr￿1￿￿5 in ¥L¥)rdan￿ wHh Ihg obl￿ts ol the charTrty. RELATED PARTY DISCLOSURES the yew the chty p•J £1.CW12023: £1.4401 to ￿rton Altr￿n Fc#)ibal Club In res￿ of rwm hlre. Mr C B Rotlnson ks thakman ofth• charity But￿ Albb)n FMlbal Clth.