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2024-12-31-accounts

EDMUND BARNES CHARITY FOR THE ORGAN AND CHOIR FUND OF WIMBORNE MINSTER

REPORT AND ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Charity no: 249759

Chartered Accountants

EDMUND BARNES CHARITY FOR THE ORGAN AND CHOIR FUND OF WIMBORNE MINSTER

CONTENTS

Page
Reference and Administrative information 1
Governors' Report 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Accounts 6 - 8

EDMUND BARNES CHARITY FOR THE ORGAN AND CHOIR FUND OF WIMBORNE MINSTER REFERENCE AND ADMINISTRATIVE INFORMATION

Charity name Edmund Barnes Charity for the Organ and Choir Fund of Wimborne Minster Charity registration number 249759 Trustee of the Charity The Corporate Body Corporate Body The Governors incorporated as a Body Corporate called 'Governors of Wimborne Minster' Until 23rd September 2024 the Corporate Body was called 'Governors of the Possessions, Revenues and Goods of the Free Grammar School of Queen Elizabeth in Wimborne Minster in the county of Dorset', confirmed by Letters Patent 14 Charles 1 (Letters Patent) Principal office Wimborne Minster Church House 22 High Street Wimborne Dorset BH21 1HT Governors of the Corporate Body Francis William Howard-Vine Rosalind Pamela Brown Jensen Anthony Keith Oliver Felicity Sarah Warwick John Roland Raymond Muriel Mary Jacobs David Robert Steele Rev Canon Andrew John William Rowland Dr Michael Robin De Clifford Sadler (resigned September 2024) Malcolm Andrew Chisholm Andrew Neilson Curtis (resigned November 2024) Independent Examiner Mrs S J Hough FCA Edwards and Keeping Limited Chartered Accountants Unity Chambers 34 High East Street Dorchester Dorset DT1 1HA Principal bankers CAF Bank 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

EDMUND BARNES CHARITY FOR THE ORGAN AND CHOIR FUND OF WIMBORNE MINSTER

GOVERNORS' REPORT (ON BEHALF OF THE CORPORATE BODY) FOR THE YEAR ENDED 31 DECEMBER 2024

The Governors present their report and the accounts of the charity for the year ended 31 December 2024. The Governors have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and accounts of the charity.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s terms of Trust as set out in the Will of Edmund Barnes, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.

Objectives and activities for the public benefit

The charitable objects are the organ and choir fund of Wimborne Minster. The Will of Edmund Barnes requires the funds received to be held on trust forever, with income and interest expended on the organ and choir.

The Governors confirm they have given careful consideration to the Charity Commission's general guidance on public benefit.

Achievements, performance and financial review

The Governors make grants to Wimborne Minster Parochial Church Council ('PCC') towards the cost and expenses of the organ, organist and choir of Wimborne Minster. It is intended that the total of the grants in each year will roughly equate to the available income of the Trust. Of the current Trust income at least this amount is spent by the PCC on these expenses.

The other income commitment is to the Organ Repairs Fund. This fund is to meet the cost of the major overhaul of the organ, which is required (on average) every 10 years.

The Stainer and Wendy Edwards Fund have been included in the accounts of this charity as together these funds cover “Music @ The Minster”. Miss Stainer left a legacy in her will and the Governors received a gift in memory of Wendy Edwards - both to be used for the benefit of the choir. Currently, the income is applied for choir training.

An application was made to the Charity Commission to release the permanent endowment restriction of the Stainer and Wendy Edwards Fund and the Charity Commission concurred with effect from 10th July 2025.

Structure, governance and management

The charity was established by the will of Edmund Barnes proved on 8th April 1927.

The management of the charity and its assets is vested in the Governors.

The Governors have adopted new administrative regulations for the charity and the Charity Commission have agreed to the regulated changes contained in the new regulations which were effective from the date of the Charity Commission consent, namely 10th July 2025.

Financial review

During the year the Governors received investment income totalling £33,610 (2023 £31,347) and paid out £18,000 to the PCC for organ expenses (2023 £18,000) and £2,400 for choir gratuities (2023 £2,320). Also, £Nil (2023 £6,350) was paid out to the Minster Music Fund and £Nil was paid to the PCC from the Designated Organ Repairs Fund to contribute to organ refurbishment (2023 £Nil).

At the end of the financial year total reserves amounted to £787,076.

Approved by the Governors on …................ and signed on their behalf by Francis Howard-Vine

EDMUND BARNES CHARITY FOR THE ORGAN AND CHOIR FUND OF WIMBORNE MINSTER

INDEPENDENT EXAMINER'S REPORT TO THE GOVERNORS (ON BEHALF OF THE CORPORATE BODY)

ON THE UNAUDITED ACCOUNTS OF EDMUND BARNES CHARITY FOR THE ORGAN AND CHOIR FUNDS OF WIMBORNE MINSTER

I report to the charity Governors on my examination of the accounts of the charity for the year ended 31 December 2024 which are set out on pages 4 to 8.

Responsibilities and basis of report

As the Governors of the Corporate Body, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent Examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mrs S J Hough FCA

Edwards and Keeping Limited Chartered Accountants Unity Chambers 34 High East Street Dorchester Dorset DT1 1HA

EDMUND BARNES CHARITY FOR THE ORGAN AND CHOIR FUND OF WIMBORNE MINSTER

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

Unrestricted
Funds
2024
Note
£
Income
Investment income and interest
32,557
Total income
32,557
Expenditure
18,000
-
-
Choir gratuities
2,400
Other costs
5
Total expenditure
20,405
12,152
3
-
3
2,541
2,541
14,693
Reconciliation of funds:
Funds brought forward
57,978
Funds carried forward
4
72,671
Realised gains on disposal
of investments
Unrealised gains/(losses) on
revaluation of investments
Gains/(losses) on
investments
Net gains/(losses) on
investments
Net income/(expenditure)
for the year
Net income/(expenditure)
before gains/(losses) on
investments
Wimborne Minster PCC for
organ and choir expenses
Wimborne Minster PCC for
organ refurbishment
Wimborne Minster PCC for
Minster Music Fund		 Restricted Total funds Unrestricted
Permanent
Endowment
Funds
Funds
2024
2024
2023
£
£
£
1,053
33,610
30,365
1,053
33,610
30,365
-
18,000
18,000
-
-
-
-
-
6,350
-
2,400
2,320
-
5
-
-
20,405
26,670
1,053
13,205
3,695
-
-
-
13,583
16,124
4,478
13,583
16,124
4,478
14,636
29,329
8,173
699,769
757,747
49,805
714,405
787,076
57,978		 Restricted Total funds
Funds
2023
2023
£
£
982
31,347
982
31,347
-
18,000
-
-
-
6,350
-
2,320
-
-
-
26,670
982
4,677
-
-
23,937
28,415
23,937
28,415
24,919
33,092
674,850
724,655
699,769
757,747		 Restricted Total funds
Funds
2023
2023
£
£
982
31,347
982
31,347
-
18,000
-
-
-
6,350
-
2,320
-
-
-
26,670
982
4,677
-
-
23,937
28,415
23,937
28,415
24,919
33,092
674,850
724,655
699,769
757,747
31,347
18,000
-
6,350
2,320
-
26,670
4,677
-
28,415
28,415
33,092
724,655
757,747

.

EDMUND BARNES CHARITY FOR THE ORGAN AND CHOIR FUND OF WIMBORNE MINSTER

BALANCE SHEET AS AT 31 DECEMBER 2024

Note
Fixed assets
Investments
3
Current assets
Cash at bank and in hand
Liabilities
Creditors: amounts falling due
within one year
4
Net current assets
Net assets
Funds
5
General Unrestricted Funds
Designated Unrestricted Funds
Restricted Funds - Stainer and Edwards
Legacy funds - Permanent Endowment
Restricted Funds - Other Permanent
Endowment		 Unrestricted
Funds
2024
£
65,520
65,520
7,151
-
7,151
72,671
27,997
44,674
-
-
72,671		 Restricted
Permanent
Endowment
Funds
2024
£
714,405
714,405
-
-
-
714,405
-
-
31,737
682,668
714,405		 Total funds
2024
£
779,925
779,925
7,151
-
7,151
787,076
27,997
44,674
31,737
682,668
787,076		 Total funds
2023
£
763,801
763,801
-
(6,054)
(6,054)
757,747
26,142
31,836
30,179
669,590
757,747

Approved by the Governors on …................... and signed on their behalf by Francis Howard-Vine.

EDMUND BARNES CHARITY FOR THE ORGAN AND CHOIR FUND OF WIMBORNE MINSTER

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

(a) Basis of preparation

Edmund Barnes Charity for the Organ and Choir Fund of Wimborne Minster was created by the Will of Edmund Barnes and registered as a charity in England and Wales. The address of the principal office is given in the charity information on page 1 of these financial statements.

The charity constitutes a public benefit entity as defined by FRS 102. The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Practice.

The accounts are prepared on a going concern basis under the historical cost convention. The accounts are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

The significant accounting policies applied in the preparation of these accounts are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

(b) Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

(c) Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. Irrecoverable VAT is included in the costs of those items to which it relates.

(d) Fixed asset investments

Listed investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in ‘gains/(losses) on investments’ in the statement of financial activities.

Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value.

(e) Funds

Unrestricted funds represent funds which are expendable at the discretion of the Governors in furtherance of the objects of the charity. Designated funds comprise unrestricted funds that have been set aside at the discretion of the Governors for specific purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor. Permanent endowment funds represent capital which the Governors must invest and use the income for charitable purposes. The capital funds cannot be converted into income.

EDMUND BARNES CHARITY FOR THE ORGAN AND CHOIR FUND OF WIMBORNE MINSTER

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

2 Governors' remuneration and expenses and related party transactions.

No remuneration or expenses were paid out of the funds of the charity in the year to any Governor or any person known to be connected with a Governor.

There were no related party transactions in either year.

3
Investments
Market value at 1 January 2024
Acquisitions at cost
Disposal proceeds
Realised gains on disposals
Unrealised (losses)/gains on revaluation
Market value at 31 December 2024
Cash held by investment managers
UK listed investments are represented by:-
Equities and funds
4
Creditors
Short term loan
All investments are carried at their fair value.
UK listed investments		 2024
£
763,801
-
-
-
763,801
16,124
779,925
-
779,925
779,925
779,925
2024
£
-		 2023
£
735,386
-
-
-
735,386
28,415
763,801
-
763,801
763,801
763,801
2023
£
6,054

EDMUND BARNES CHARITY FOR THE ORGAN AND CHOIR FUND OF WIMBORNE MINSTER NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

5 Funds
01/01/2024
Income
Expenditure
£
£
£
Unrestricted Funds
Organ Repairs fund
(Designated)
31,836
5,297
-
General funds
26,142
27,260
(20,405)
57,978
32,557
(20,405)
Restricted Funds (all Permanent Endowment)
Stainer and Edwards
Legacy funds -
Permanent Endowment
30,179
1,053
-
Other Permanent
Endowment funds
669,590
-
-
699,769
1,053
-
TOTAL FUNDS
757,747
33,610
(20,405)
Funds 2023
01/01/2023
Income
Expenditure
£
£
£
Unrestricted Funds
Organ Repairs fund
(Designated)
17,418
4,940
-
General funds
32,387
25,425
(26,670)
49,805
30,365
(26,670)
Restricted Funds (all Permanent Endowment)
Stainer and Edwards
Legacy funds -
Permanent Endowment
28,307
982
-
Other Permanent
Endowment funds
646,543
-
-
674,850
982
-
TOTAL FUNDS
724,655
31,347
(26,670)		 Gains/
Transfers
(Losses)
£
£
2,541
5,000
-
(5,000)
2,541
-
505
-
13,078
-
13,583
-
16,124
-
Gains/
Transfers
(Losses)
£
£
4,478
5,000
-
(5,000)
4,478
-
890
23,047
23,937
-
28,415
-		 31/12/2024
£
44,674
27,997
72,671
31,737
682,668
714,405
787,076
31/12/2023
£
31,836
26,142
57,978
30,179
669,590
699,769
757,747