EDMUND ARNOLD'S CHARITY REGISTERED CHARITY NO. 260589 ARNOLD'S EDUCATIONAL FOUNDATION REGISTERED CHARITY NO. 310590 4 GRANGE PARK COURT ROM TELEPHONE: WAY NORTHAMPTON NN4 SEA 01604 876697 CLERK TO THE TRUSTEES: JULES BURDITT ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2023 JERVIS & PARTNERS CHARTERED ACCOUNTANTS 30 HARBOROUGH ROAD KINGSTHORPE NORTHAMPTON NN2 7AZ
P4e1 EDMUND ARNOL CHARITY LD'S EDUCATIONAL FOUNOATION RN REPORT OF THE TRUST FOR THE YEAR ENDED 31ST DECEMB 23 Trusto98 Co-o talive Mr N H Adams Rev. S Burrow Mr l Brodie Rev. Fr. R Northing (Chairman) resenta ' MrJSGGloag (Merton College} Mrs M Hooper Mr R Gifford Mrs J F Dickson (Weedon Becl (Stony Stratford) IStowe-IX-Churchesl (Retired 08105120241 Istowe-IX-Churches1 (Appointed 0810512024) (Upper Heyfordl (Nether Heyford) (West Northants Council) Mrs S G Henley Mrs S Slater Mr Charles Kiloh Mrs K Cooper Meetin The Trustees met upon hvo occasions during the year. ectives The objective5 of the Trustees are to apply the net income of the Charity in accordance with the Scheme dated 25th March 1887 as varied. On 21 $1 March 2024, the merged CIO wa8 successfijlly incorporated. The revised Charity Number 15 1207549. sets The main asset of the Charity is Manor Farm. Furtho, which 1$ kept in excellent condition. Income & enditurg The total inoome for the Charity for the year ended 3141 December 2023 was £67,275.36 {£65.941.10 in 20221. Adminislralion expenses including insurance premiums amounted to £17,658.69 (£16,720.89 in 2022). Dl$tribution of Funds The sum of £49,605.00 is available for distribution to beneficianes being apportioned as to £8,267.00 to the Social Care Branch and £41,338.00 to the Apprenticing and Educational Branch. Social Carè Branch During the year, grants totalling £8.267.001£8.800.00 in 20221 were made to individuals considered to be in need of extra comforts. renticin and Educational Branch The Trustees polKy is lo distribute monies credited to this branch in accordance with lause 4 of the Scheme dated 2r November 1973. During the year ended 31* December 2023, a sum of £11,023.00 (£10,938.00 in 20221 was due lo Merton College in the University of Oxford and grants of £19,892.00 (£19,059.99 in 20221 were paid dLbring the year. In addition to Manor Farm, Furtho, Northamptonshire, comprising Farmhouse Cottage and Bungalow and commercial buildings with approximately 283 acres, the Trustees hold the following assets as caprtal:. Investments Arnolds Charity £2,217.683 Charinco Income Shares - Value al 31112123 - Value al 31112122 Value al 31112121 £3,289.75 £3,236.30 £4,368.83
Page 2 EDMUND ARN CHARrrY ARNOLD, EDUCATIONAL FOUNDATION REPORT OF THE TRUSTEE FOR THE YEAR ENDED 31ST DECEMBER 2023 Actlvitigs for the Publlc Bgn¢fit The objects of the Trustees are a$ ststed. The Trustees confirm that they have referred to the guidance contained in the Charity Commission's General Guidance on public benefit when reviewing the Charities aims and objectives and setting out the gfant making policy for the year. The Trustees are responsible for preparing the Tnjstees, Arbnual Report and the financial statements in accordance with applicable law and United lfjngdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), and have adopted the provisions of Statement of Recommended PraCte.. Accounting by Charitie5 IFRS 1021 in preparing the annual report and financial statements of the Charity. The law applicable to charilies in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the stale of affairs of the Charity and of the incoming resources and application of resources of the Charrty for that period. In preparing these financial statements. the Trustees are reqUId to-.- select suitable accounting policies and then apply them consislenlly.. observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent-, state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial stalemenls; prepare the financial statements on the going concern basis unless it is inappropriate lo presume that the Charity will continue in operation. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any lime the financial position of the Charity and enable them to ensure that the financial statements comply with 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 dated 16 July 2014 and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed on behalf of the Trustees on 28 May 2024 Mr N H Adams CHAIRMAN OF THE TRUSTEES *(p(£OL4
Page 3 EDMUND ARNOLD, CHARITY LD'S EDUCATIONAL FOUNDATION RN INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31ST DECEM8 R 2023 We report on the accounts of the Trust for the year ended 315t December 2023, which are annexed. Re8Prttiv• responslbllltles of Truslws and examlner The Charity's Trustees are responsible for the preparation of the aG¢ounls. The Charity's Trustee5 consider that an audit is not requi for this year under Section 144121 of the Charities Act 2011 Ilhe 2011 Act) and that an independent examinalw is needed. It is our responsibility to.. examine the aecounls under Seclion 145 of the 2011 Acl- follow the procedures laid down in the General Directions given by the Charity Commission under Section 14515)Ib) of the 2011 Act., and stale whether particular matters have come to our attention. Basls of Independent exarnin•Vs report Our examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with Ih05e records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Twstees concerning any such matter5 The procedures undertaken do not provide all the eviden¢e that would be required in an audit and consequently no opinion is given as to whether the accounts present a'true and fair Vie and the report is limited lo those matters set out in the statement below. Independont examlneffs statement In connection with our examination. no matter has come to our attention.. which gives us reasonable ¢ause to believe that, in any material speCt, the requirements.. to keep accounting rewrds in accordan¢e with Section 130 of the 2011 Act., and lo prep8re accounts which accord with the accounting re¢ords and comply with the accounting requirements of the 2011 Act have not been met., or 2. to which, in our opinion, attention should be drawn in order to enable a proper understsnding of the accounts to be reached. Jervi5 & Partners Chartered Accounlanls 30 Harboiough Road Kingsthorpe Northampton NN2 7AZ 28 May 2024
Page 4 EDMUN RN LD'S CHARITY ANNUAL INCOME & EXPENDITU FOR THE YEAR ENDED 31ST ECEMBER 2023 2023 2022 RECEIPTS Manor Farm Furtho Mr & Mrs D F Sansome and Linda Welton Farm rent 34,802.32 34,390.40 Westem Power 16.32 Furtho Farm Limited Office Rent Old Box11 Shed WeddingslEvents Cottages Rents 10,825.00 7,990.86 4.681 25 6.935.00 10,801.79 7,990.88 5,539.25 6.630.00 Black Rock Income 133.08 232.89 Cash Lloyds Business Account Interest 31.77 1.85 National Savings Investment Account Interest 9.27 1.00 COIF Charitie5 Deposrt Fund Repairs ReseNe Account Interest 1,861.37 336.72 Total Inc 67,275.36 65.941.10 Le55 Payments (see page 5) {17,658.69) 116,720.89} 49,616.67 49,220.21 Less Transfer to General ReseNe Account {page 9) 111.671 12.21 } Net Income Apportioned {see page 61 49,605.00 49.218.00
Page 5 EDPIUND ARN LD'S CHARITY EXPENDITURE FOR THE YEAR ENDED 31ST DECEMBER 20 022 PAYMENTS Miscellaneous NFU Mutual Insurance premium 2,817.83 2,368.09 Administrats'on ex enses Messrs Wilson Browne Accounlanl's fee Messrs Berry's Me5srs Wilson Browne Messrs Wilson Browne Clerks fee linc. VATI 7,20D.00 1,800.00 5,252.86 6.600.00 1.800.00 1.702.80 3,390.00 840.00 Professional chary8S CIO Fees CIO Fees 768.00 Annual Pa ments Vicar5 of Potterspury & Stony Sts3tford 20.00 20.00 Total Payments 17,658.69 16,720.89
Page6 EDMUND NOLD'S CHARITY APPORTIONMENT ACCO FOR THE YEAR ENDED 31ST DECEMBER 2023 2023 2022 renticin and EducatKsnal nch Five-sixths 41338.00 41015.00 To Parishes Stony Slralford Upper and Nether Heyford St Giles Northampton Stowe IX Churches Weedon Bec 4 Part5 3 Parts 2 Parts 1 Part 1Part 11,023.00 8,268.00 5,512.00 2,756.00 2,756.00 10.937.00 8,203.00 5.469.00 2.734.00 2,734.00 30.315.00 30,077.00 To Merton Colle e Oxford 4 Parts 11,023.00 10.938.00 41.338.00 41,015.00 Social Care Branch One sixth 8 203.00 To Parishes- e ual shares Nether HeyFord stony Stratford st Giles Northampton 2,756.00 2,756.00 2,755.00 2.734.IXJ 2,734.00 2,735.00 8,267.00 8,203.00
Page 7 ED RNOLD'S CHARITY PARISH ACCOUNTS- SOCIAL CAR ANCH FOR THE YEAR ENDED 3 ST DECEMBER 2023 Nether He Ston stratfor St Glles Northam ton Totsl Balance b1fv 3111212022 9.230.51 9,704.10 11,470.12 30,404.73 2023 Apportionment 2.756.00 2,756.00 2,755.00 8,267.00 11.986.51 12.460.10 14.225.12 38,671.73 Less.. Grants 2023 {2,238.991 {84.001 12,000.00) 14,322.99) Balance cd 3111212023 9.747.52 12.376.10 12,225 12 34,348.74 PARISH CCOUNTS- SOCIAL CARE BRANCH FOR THE YEAR ENDED 31ST DECEMBER 2022 Nethe He ford Ston Stratford st Giles Northam Total Balance bld 3111212021 10,911.51 11,355.10 8,735.12 31,001.73 2022 Apportionment 2,734.00 2,734.00 2.735.00 8,203.00 13,645.51 14,089.10 11,470.12 39.21]4.73 Less: Grants 2022 14.415.(Kl) {4,385.001 18,800.00) Balance cld 3111212022 9,230.51 9,704.10 11,470.12 30.404.73
Page 8 EDMUND ARNOLD'S HA BALANCE SHE AS AT 31ST DECEMBER 2023 2023 Investment - Quilters At Co$t £55,000.00 Add Further Investment 55,000.00 100,000.00 55,000.00 155.000.00 55,000.00 {Value 0210312024 £155,837.86) Cash at Banks'.- Lloyds 8usiness Account Lloyds Treasurers Account National Savings 8ank Ilnveslment A¢¢ounti COIF Charities Deposit Fund 3,641.97 81,278.87 9,972.29 45,336.65 3,610.20 119,194.80 9,963.02 34,849.52 Promotion Agreement Fees As Schedule 8lal 22,383.80 T tal Assets 295,229.78 245,001.14 Amounts owin to Arnold's Education ndation Balance blftvd Apportionment for year Transfer of COIF Deposit Fund 117,059.17 30,315_00 8,625.76 106.042.16 30,077.OD 155,999.93 111,415.00) 136,119.16 119,059.99) Less Paid Over (Grants Balance due (see page 11 } 144,584.93 117,059.17 Amounts owin to Merton Coll Oxford APpO"0nMent for 2023 Apporhonment for 2022 Apportionment for 2021 Apportionment for 2020 11,023.00 10,938.00 8,954.00 Balances on P see schedule h accounts Ipage 71 sla1 Care Branch 34,348.74 30,404.73 Total Liabilities 189,956.67 167,355.90 Total N se Resaves {88e schedule- page 9) see attached "Statement of Capital Assets & Liabilities" {page 101
Page 8lal EDMUND ARNOLD'S CHARITY BALANC HEEr AS AT 31ST DECEfvIBER 2023 Promotion A reement Fees Bfvd 2021 Fees 2022 69,108.60 3,275.20 72.383.80 Le5s.' Gowling Receipt 2022 50.000.00 Balance 3111212022 22.383.80 Less.. Gowling Receipt 2023 50,000.00 127,616.201 Transfer balance of Gowling Receipt tc Reserves 2023 27,616.20 Balance 3111212023
Page 9 EDMUND ARNOLD'S CHARITY ARNOLD'S EDUCATIONAL FOUNDAT BALANCE SHEET AT 31ST DECEMBER 2023 RESERVES Genèral Res•r¥e Re alr's Reserve Total Balance 31112117 9.933.47 $4,787.99 64,721.46 Add Transfer 2018 5.07 5.07 Add Anglian Water compensation 2018 6,140.00 6,140.00 Balan 31112118 16,078.54 54.787.99 70,866.53 Add Transfer 2019 4.27 4.27 Balance 31112119 16.082,81 54.787.99 70,870.80 Add Transfer 2020 1.51 1.51 Balance 31112120 16,084.32 54,787.99 70.872.31 Add Transfer 2021 7.72 7.72 Add Giga Clear Compensation 2021 (net) 6,763.00 6,763.00 8al8nce 31112121 22,855.04 54,787.99 77,643.03 Add Transfer 2022 2.21 2.21 22.857.25 54.787.99 77,645.24 Add Transfer 2023 11.67 11.67 Add Transfer balance of Gowling Receipt 2023 27,616.20 27,616.20 50,485.12 54,787.99 105,273.11
Page 10 EDMUND ARNOLD'S CHARITY ARNOL EDUCATIONAL FOUNDATION STATEMENT OF CAPITAL ASSETS & LIABILITI A8 AT 315T DECEMBER 2023 ED ND ARNOLD'S CHARITY The freehold property Manor Farm. Furtho, was valued at £2.750.000 by the Trustees on a rental basis in April 2016. The Trustees have agreed a Promotion Agreement for the possible sale of development land and the propety will be revalued al a later date_ Charinco Income Shares - Value 3151 December 2023 £3,289.75. Contin en las valued by Messrs Berry Bros. on 291h September 20151 enan There is a contingent Ilability for tenant right of £1,100.00 under four Agreements dated 3rf December 2001, 1 November 2003, and 30th November 2006. The sum of £1.100.00 for tenant right is made up as follows (as 20201=. Agreement 3rd December 2001 Manurè store and tanks silage store lThigalion equipment £30.00 Agreement 3rd December 2001 Cattle Building £10.00 Agreement 10th November 2003 Cattle Building £10.00 Agreement 30th November 2006 Bungalow extension Lagoon - payable at end Of tenancy £50.00 £1,000.00 £1,100.00
Page11 ARNOLD'S EDUCATIONAL FOUNDATION BALANCE SHEET AS AT 318T DECEMB 2023 2022 Cash at Banks'.- COIF Charities Dep051t Fund 8,583.67 8,583.67 Deblor'.- Arnold's Charity - Balance of allocation due 144.584.93 117,059.17 Total Assets 144,584.93 125,842.84 Parish acwunts balances {see page 13) 144,584.93 125,642.84 Total Liabilities 144,584.93 125,642.84
Page 12 ARNOL ED CATIONAL FOUNDATION INCOME APPROPRIATION ACCOUNT FOR THE YEAR ENDED 31ST DECEMBER 20 2023 2022 RECEIPTS Deposit Fund Inleresl 42.09 82.95 Total Income 42.09 82.95 APPROPRIATION To Parish accounts Stony StratFord Nether and Upper Heyford St Giles Northampton Stowe IX Churches Weedon 4 Parts 3 Parts 2 Parts 1Part 1P?rt 15.30 11.48 7.65 3.83 3.83 30.16 22.62 15.08 7.55 42.09 82.95
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