THE CARRINGTON CHARITABLE TRUST ACCOUNTS FOR THE YEAR ENDEO 5TH AP1L 2024 REGISTERED CHARITY NUMBER.. 265824 TRUSTEES.. lo Cathngton DL Hon V C8ringlon Hon R cari10 PRINCIPAL ADDRES$- clo Caringlon Eslales Lim118d Manor House Estate Office Perry Lane Bledlow Buckinghamshlre HP27 9PA BANKERS.. Coutts & Co 440 Stran London WC2R OQS Handl8sb8nken Tudor House 651 London Road High Wycombe Bud[5 HP11 1FZ INVESTMENT ADVISORS.. James Hambro & Partnèts LLP 45 Pall Mall London SW1Y 6JG REPOFIYING AccouRfANT.. ChadDlle Toemaes Bsc FCA Ellacotts LLP Chartered Accountants and Reyistered Attor$ Counlrywirte Houstr 22 Wesl Bar Slraet Banbry OX16 9SA
THE CARRINGTON CHARITAÈLE TRUS TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 5TH APRIL 2 Thè Tfusie8s present Ihtrlr annual report logethErwith fv a¢ctsunlg for the year ded 5th April 2024. STRUCTURE. GOVERNANCE AND MANAGEMENT GornIng document Th8 Tru8ldeed authse$ Trusteès to make arKJ hold Inyeslmènts using the generdl funds Of charfly. R8¢ruibThnt and appolntmtht of thew Tru8t888 During Ihp year under review. J A Cloke retired a5 a Tru51ee and was replaced by the Hon R Carirwon. Apoinlmenl of Trustees is govemed by the Tnjsl tleed The Board of Trustees 15 aulhorised lo appoint new Trustees to fill vacanties arisTVJ IhU9h the death orie5vJnalion of a IndUcOn and tralnlng of new TrvBteeB The Trustees vlll consid&r the appolnlmenl of new Twsle&s as and when nÈeded for the eIent running of the Trust and Idenllfy and implem8nl Èn appropriate Iu¢ll0n process lo ensure 8ny nèw Trustee is property aware of their Ial obligalions as ¥1] as Ihe op8ralional proUreS of Trusl. Organ18atlonal 8trv¢ture The afFaits of the TtU51 are managed by the Ttuslep5. The Ttuslee5 meel regularty to GOnsiderwh81 gr3nts they 11 make durlng Ihe year. The pdlcy of the Trust is lo assist chadlies partIcul8r th8 Buckinohamshir& area induding Mlllon Keynes. Secrt18rial support Ss prOded by Carfn9ton Esiales Limited. Rlsk Man8gtrrnènt The TtU51ees hawe s duly lo identify and review the risks lo which the ¢harfiy Is exptssed and to erTrsure approprf8le contro15 are in place lo provide re850nable assurance against fr8ud and error. Th8 Tru5168s have re&Wad Ihe major rL8ks whSch lh8 chathy faces and tr*se W11 be kept under constant revh8w. As a consequence of the oflhe Trus1 and th8 cbse involvemenl of the Trusl8ès, tsy consider trtr s no major risks lo whth the charfly 1$ 8XP086d. OBJECnVES AND ACTIVITtES ObJ8¢tlv•8 and alms The Twsf5 0bjeGtives Bre lo make dongtlons 8nd grants foi general charflable purposes and 10 mainlaill the Old People's Homes and Garden5 owned by the frv5191 èledlow in Uuckinghamshirfr. Each y88r th8 Trustees review the objectivas 8nd a¢iivllies 10 ensure they ntinUe to llect the aim5 of the Trusl. In c4Wn9 OUI this tewew. the Trustees have Consered the chafity Commlssioner's general guidance on publiG benefit in accordance vllh secllon 4 Charities Act 26_ Slgnlflcantactlvltle8 There were Significant activ&S in the year uThSer revivw.
THE CARRINGTON CHARITABLE TRLIST TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 5TH APRIL 202 ACHIEVEMENT AND PERFORMANCE HI ouractlvttles dellver publlc bènefit The chgfrty aims lo provid6 donations and grants for general charfiable purpose5 to as Vde a r8nge of organlsations a8 posslble. tsking Into ¢onsldeFalion organis81ions d&8llng with specific 8re8s of national iniere51 frorn year lo year as w811 as local oroanlsalions and the ongoing mainl6nan¢e of Old People's Homès and Gardens at BWlow vthich is of benefit lo the local area. The list of donations on Pages 10 to 12 give an indlcatiofj of the areas 5UPPOrted by the Tru51. Trust ha& made don3bans afflounling lo £54.271 Ihis year12023- £52,177). Thè Trustses feel this 15 a salsfaGtory oulcorne. FINANCIAL REWEW The Trust has Instructed James Hambro & Partners LLP as investment advisers and mgnagers Trustees monttor pertormae oftr Investments on 8 regular basss. The Income from invesltnenls for the yearwas E83.314 and E42.870 w35 recelvatrle 85 rents from Ihe Lyde Homes and dDnalions from vlslloT8 to the gardens were £412. Mlhough the TSleeS have the pawer lo spend the expendable endowment, the investrnenl incoffte and rents are the PrincAp sourcEs of ongoiw income and 50 the fun(S invested wlh It obi8Ctive of malni8lning real value in the mediurn term The Ttusfs policy on reserves is to ensure that sufficknl cash reserves are av85lable lo enab the TnJ5t lo meet its progr&rnme of gFants. The adequacy of the re5erwes polrcy rfrVled annu8Ny. Re8OtV•8 Pollcy It is the policy of the Tru51 to maintain re5eTves 50 that the thJrity is In a posllSon lo absorb Sèlbacks and lake advantsge of change and Opp¢irtunil5. The lev81 of free raserves. after allowSng for funds ld up in tangible fixed assets wa5 £103,6551202& £186,848) Prfn¢lpl? fundlng gource The princithe SoUS of funding are Oerived from the Investment portfolio held by the TSt. Investmont poll¢y and obl8¢t4v8S The Trust's polky and Dblecl to achieve th¢ maximum prudent retutn on Ihe charflls Investment portfolio. FLITURE DEVELOPhlENTS Tre Tru51ees plan 10 coniinutr the 8xK%ling policies of careful and prudent inve51menl lo provide loTrJ term fundlry lor donabons and lo incre88e the level of donations made year. **)pn tirGum51ances pertnil.
THE CARRINGTON CHARITABLE TRUST TRUSTEES ANNUAL REPORT It THE YÈAR ENDED 6TH APRIL 2024 STATEMENT OF TRUSTEES RESPONSIBILITIES The Ghafily TrusteE5 are responsible for preparin9 an report and financial 51alements in accordance with appllcabltr law and Unlted Kingdom AcGOLJnling Slandards (United Kingdom Generally Acixpled Accounting PracCe}. The law 3pplicgble lo charities in Eng0 ond Wales require5 the charity Truslfres lo prep8re financial slaltm&nts for trach year %Yhich give a IrL and fair view of the 51ale of 8ffair5 of the charity and of the incomiw resources appltcalion of resDurrs of the charily lor that parfod. In prepanng the financlal stslements, the Trustees are required lo.. select suitable accounting policies and then 8ppty Ihem conslsienlty.. observe the mdhods and prinpIeS In the Chadlles SORP., make judgements and eslimaies that are reasonable and prudent". Stèle vtheiher applicable accountin9 standards have been followed. sut4.ecl ID any m8leri811Separture5 disdosed and explaln8d in the financial slalemenis, prepare Ihp financial 6laletneni& on Ihe going conr*m bas15 un5 il is happropr181e lo prosume that the chsrily wlll conlnuè in bu5ine5S. The Trustees are r8sponslble for keeping prop6r accounting records that dSsclose with reasonable accuracy al any litnp the finantyal position of the ch8rlly and lo enab18 them lo en3ure Ihal Ihe financi81 sl8lem8nls comply with the Charities Act 2011, the charily (Accounts and Reports) Rèoulaiions 2008 and Ihtr provisions of the Irusl d88d. They are tlgo 5OnSib fDr Safeguarding the assets of the charity and htsn laklng reasonable Steps for the prevention and dtiection Of fraud and other itregularilie5. The Trustees for the purpos&s of tharily law who served dun9 the year and up lo Ihp dale ofihis report are sel oul on page 1. REPORTING ACCOUNTANTS The reporting accountant. Ch&rfolle foem3es BSC FCA of Ellalts LLP. 11 ba proposed for rt-appointment. ON 8EIU4LF OF THE TRUSTEES:
THE CARRINGYON CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TEES F THE CAR1 TABLE TRUST TOTHETRU I report on the financlsl slalemenls of The C8rdnolon Chadlabk Twsi for th& y&8r ènd 51h April 2024 vthich comprt5e the Slalemeni of nancial Activilk88. tha Balance s81 ar the related notes. The financ¥al statements ha been prepared under Ihg accounTr) polic$ sel DUI Ihereln. Re8pon8lbllhl8s and ba818 of report As the (arity's Itustees you are responsible for the preporalion of Ihfy 8ccounls In 8ccordar th& requirements of Charit5 Act 2011 ACVI. I report In respect of my ex8min8tion of the ch8rf1ls accounts carried out under sectlon 145 of thÈ Act and In tatrying out my exarninalion I have followed 811 the appIlble tre10n$ given the Ch8rlly Commlssion under section 14515lb of the Acl. Indopendont ExamlnoV8 Statsmgnt I have completsd my examinalon. I conflrm that no material matters havtr cotne lo my atlentsw in connection with the ex4minalbn givlny me cause lo beliève that In any malerSal r88pect'. 111 accounting records were not kept in respect of Ihp tharily a6 required by 5eGtKin 120 ofihe Act.. or 121 Ihe accounlg do not accord wlh Ihose records.. or 131 the accounts do not comply vAlh appllc8ble requirerTrents conceming ihe fomi and Gonlent of accounts Set oth in the Charllies IAc¢oun15 and Reports) Regulallons 2008 Otr than any requirement thai the atttsunls give a true and fair ¥ievl which Is not a matter nsldered as part of an Sndepandenl examln8lx)n. I have no coTrtms and have CDme across no other mallers in connection ¥Mlh the exomin8lion lo whlch 8tt8nlon should be draw) in thi5 ieport in orderto enable a proper underslandiw of the accounts tD be aChed. Charlolle Toemaes 8Sc FCA Ellacotts LLF Chartered Accountsnts and R8glstered AudAors CouniryYdts Hous8 23 Wesl Bar Stet Banbury OX16 gSA tr{bilLt
THE ¢ARRINGTON CHARITABLE TRUST F FINANCIAL ACTIVITIES FOR THE YEAR ENDED STATEMENT RIL 2024 Totsl fund 2024 Total lund 2023 Incomln All untestrlcted Rents- The Lyde Homes and Garden5 In¥eslFnenl incotne Garden donation5 Total Incomlng ro¥our¢ rosources Nots 42.870 83,314 412 39.104 79.216 732 126.696 119.OS2 Resources ex nded All un ted 151ng funds Investment monagemenl fees Irrecoverable foreign lax 36.957 4.097 35.696 4.501 41.064 40.197 Charltsble actlvltl Grants and donations pay8blo Th8 Lyde Homes and Gardens expendlture Govem8nce c051s 12 54.271 41,790 6,646 102.707 52.177 75.016 130.193 Totol r8sour¢88 exp•ndod aln81 108888 on Invo8tmonts Re31ised investment gain51llossesl Unreali5ed inve51rnent gain511105sesl 60.212 51.259 471.407 76.504 25.245 411.195 n188d olnsl 10$888 ProfftllLos51 on revalu8tn offixed assets Not IncomInlOt90trtyl resourceB 411.195 225.245 Net move nt In fund5 394.030 276.563 conclllatioty of funds Totsi funds brought forward 7.341,989 7.618.572 Total fund5 ¢arrled fovward 7,736,019 7,341,9B9
ThE ¢ARRINGTON CHARITABLE TRUST LANCE SHEET A5 AT 6TH APRIL 2024 2023 Notos FIX Freehold land & buihyings Investments 2.472.160 5.160 204 2.472.160 4.882,983 7.632.364 7.155.143 Currefit assots DEblors Cash at bank and th stockbroker5 1.336 115.447 677 20D.971 116.783 201.648 Credltor5'. amounts fallln wlthln one ear 13.128 14,802 103.655 186,846 7 736 019 7 341.9Bg ronI0 Gèneral lurKJ Revaluation resetve 5.932,149 1.803,870 5.538.119 1,803.870 Total funts 7 736 019 The InancSal sla16tnen15 00 pages 6 10 12 were roved by the Tru81eèB on 2024 gnd Signed on iheir behalf ty". LORD C RINGT014 DL HON V CARINGTON HON R CARINGTON
THE CARRINGTON CHARITAÈLE TRUST NOTES TO THE ACCOUNTS FOR THE YEA NDED OTH APRIL 2024 1. At¢ount+ng pollcl•8 Accounting convention These accoun15 have been prepared in accordare ¥Mlh FRS 102 Yhe Finantial Reporting Slandard ypplicyble in Ihe UK and Republic of Ireland" I'FRS 102.1. "Acounling and Reporting Oy Ch8ri1ies the SltiÈrnÈnl of Recofflmended Pradice for ch8riiies applyiny FRS 102 and UK Gen8rally Accepted Accounting Praciirts as il gpplies from 1 January 2019. The accounts are prepared in sierfing. which Is It functlonal wrrency of the C8rrinylon Charitable Tru81. Monetary amDunls M these fin8rri31 slatem8nls are rounded lo the nearest £. Incomlng rosources Inveslrnenl Income is earned through holding 85se15 for investment purposes Such as shares and propetty. 11 indude5 dividends. Inte5t ond rent. Inveslmenl income and rental income are recorded when receivabl8. Exp&ndilure on grants is recofd8d Ort8 Iht TtusieÈs have made an uncondiong1 commllmenl lo pay th? grani and thi8 is comrnunlcaied to Ihe bèneficiary or the grant has been pa, whichever is the eadier. The Trust h8s not made any grani commitmÈnis for more than one ar. Othpr expenditure induded in the aGcounls on an gGcruals basls. Irre£J)verabl& VAT 1$ rl)arged to thp Ststernent of Financk81 Athvities ISOFAI a5 incurred. The costs of m8nagiro Investments is charged lo Ihe SOFA. Any eotsls associated 71 the 58le or purcha58 of Investment5 are accounted for as part of the 5a18 or purchase pdc8 of the Invesknents. Charltsble ¥ctlvltlès Ch8rilable expenditure comprises those costs incutred by thp charity in ihe perfomiance of &ctivftks. It InLeS both costs that can be allocated lo such ÈGlivilies and those of an indirect nature nece55ary lo support them. Govèrnancp costs GovernanGe costs cofflw15e those cosls a$50ualed with rneeling ihe conslilulffjnal aj siaiuttry requirement5 of the ¢horily and indude Audit fees and costs linked lo Ihe slr81egic msnagemenl of the charity. Flxed As$ets Phlo depreryallon charged on the Fre8hokl Le ¥nd BuShJings that are recorded tsn the balarK% sheet. InStM8nts Quoted inveslmenl8 are hèld al m8rkel value and revalued on an annual bas. Realerf gain5 aThJ bsses on Snv88tments during the year are deall Alh in the SOFA. 2. Taxatlorb The Yrust is a registered Gharity and aGcordlroly Is e¥ernpt from UK laxatkJn on tts incom8 gains where Ihey a applied for charitable purpose5. 3. Rplated porty trans8¢ttons None of the Trustees wer8 pald any remuneralit or expenses for thelr dulles as Trustees during the year by the charfty1202> nDnel. The accounts indu¢e a provision for 8ccouni8ncy fees of £2.100 1202> £1,80DI ptsyae lo J A Cloke lor accounlBn¢y servic88. 4. Employ808 Ther8 were no employees during the year. S. InveBtfflgnt Income ha6 ar15en a5 follows= 2024 2023 SDurc ome sled Inveslment5 Deposll In18resl 82.956 358 83,314 79,113 103 79,218
THE CARRINGTON CHARITABLE TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2024 confd 6. ATralys¢s of The Lydo Homo8 and G8rdètts èxptrrbdlture 2024 2V23 Couwl la¥, water rates 8 sewage disposal In5vrance Property repairs Managemeni fee8 Sundry Èxpenses Lyde ValY gardens mainlen8nc8 & 1.076 1.319 22.297 5.(67 1.631 10.40D 1.762 1.239 54.610 4.896 1441 12.553 41.790 75.016 7. Analy818 of govomance ¢08ts 2024 2,100 1,200 3,346 6,646 2023 1.800 1.200 AtCDuniancy Independent extrninefs fees Legal charge5 re of Irust8&s 3.000 B. Flx•tt a$80ts Unr•all88d proflt6 Maiket Yaluè Cost Fr88hold land and bulldlng8 Al 6th April 2023 668,2WJ 1,803,870 2,472,160 Addthorhs DiSPD5815 Revaluation Al 5th April 2024 668.290 1.803,870 2.472.160 A valuation was carried Dut by N Taylor BS¢ FRICS of Cartngion Estates tlled on 181h May 2024. The land and buiklinos were valuÈd al É2,472.160 on an existing use basis and this is now incotporated In thp accounts The historic c051 of the freehold land and buildings 81 5th April 2024 wa5 £fj63.2UO. No deprerAatson is charged in the accounts. UTrrg8118ed prof6t8 Markei valuo Ll8ted Ithve8tsMt Al 61h April 2023 4,018.658 6e6.325 4.682.983 Addillons 1.584.029 1.584.029 SPO8al8 11.578,2151 11.578.215> Change in year 471.407 471,407 At Slh AprS12024 4.022 472 1.137.n2 5.160 204 9. Analysls of dgbtofg falllng due wlthln one year 2024 2023 Other deblots 1,336 1.336 677 677
THE CARRINGTOII CHARSTABLE TR NOTES TO THE ACCOLINTS FOR THE YEAR ENDED TH APL 2024 convd 10. Analy818 of credltors folllng dufr wlthln ong yfrar 2024 2023 Ind8ptndÈni txamlnèiion fe8S Investment management fees Accountants lees Other CditOrS & accruals 1,800 9.800 1.500 28 2.400 9.500 1.800 1.102 14.802 13.128 11. Analy818 of not a880ts befy¥eon fund8 Unr•$trlcted Revaluatlon Total Fund Re¥gnfe 2024 Fixed assets Current assets 5.B28,584 116,783 13.128 5.932,239 1.803.780 7.632,364 116,783 13,128 7.736,019 Totsl 1.803,780 Unr88trf¢t8d Rwalvatlo Total Funtl Resorvo 2023 Fixed assets CurFenl as$8ls 5.351.363 201.648 14,802 5,538,20 1.803.780 7,155,143 201,648 14.802 7,341,989 TolBI 1,803.780 12. Grants and dot)atlorA 2024 2023 Action 4 Youth Age Con(xFn Age UK Milton Keynes Axander De¥ine Childrens H05pice Almhouse Association Animal Anliks Autism Early Support Tru51 Bledlow 100 Club Bladlow Social Club Bledlow PCC (Holy Trinfty Church) BlÈdlow Village H811 Appèal BLESMA Blind Veterans UK Brrfish Epilepsy A55walion 8rrtish Forces Foundation British Wireless for Ih? Blind Bucks Ar¢haeolooi¢al So@1Y Btscks ASSOClalion for C8r8 of Offenders Bucks HislDriG Building5 Trust Bucks Record So(iety BuGk5 V15ion Calibre Audlo Ubrary 500 500 5QO 5QO 500 500 100 500 500 500 100 500 i.mo 1.000 500 500 500 500 500 500 soo 12 soo 1.DOO 5QO SW 500 soo Carr1 down 8.127 7.127
THE CARRINGTOPI CHARITABLE TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2024 corfd 12. Grants and donatlon& ltonnUedl 2024 2023 8rDught dowri 8.127 7.127 Castlellorpe PCC Child Bereavement UK 500 5.000 500 soo so soo 1.000 50D 1,01)D 1,OQO 50D 5LKTr 500 500 500 500 10.000 500 1.000 Chihsren with Chronlc Crohns Olsea88 Chiiiein Arts Chiiiern Open Air MvBÈum Chinnor PCC tenS Advice Buck5 Connection Support Cr3ckeriacks Childrens Trust Cre5sex Community School Fund Crottns & Coli115 UK Cwse Benevol&nt Support D&alblSnd UK meniia IUK Emily's Star Floren Nhlinga HoSte Garsington opera Great NO0d Scout Group Harry'5 RBinbow Hearfs of Buck5 Communlty Fou8110 Hosplce of Sl Fr8ncis Joss Searchll9hl King Edwards Vll's Hospttal for Office Llndengate Ll8tening Books Budts Maclnlyre Home5 Macmillan Cancer Support Medical Deleclion Dogs Milton Keynes Foodbank Milton Keynes Homeless Partnership Molor Neuron6 D15ease Association MPS Socièty Nallonal Garden8 Schem8 Nabonal P8ralymplc Hèritage Tmsl NevAife PACE Pepper Foundalon Priscilla Bacon Centre for P?IliglNe Care Pri5 Counlrysioe Fund Rennie Grove Hosplce Care Re High Roy81 Alrforce Ben&yonI Fund Royal Star & Garter Homos Scannappeal 500 500 500 500 500 10,OOD 500 500 5(M) 5(K) 500 500 500 1,000 50) 500 500 500 500 500 1.000 5.000 soo 500 1.000 500 500 5.ODO 1.000 500 51Y) 5LKI 500 500 500 500 46,271 40,677
THE CARRIN MOTES TO THE ACCOUNTS F TOW CHARITABLE TRUST R THE YEAR ENDED 5TH APFIL 2024 12. Grants and donatlo#6 IcontlnU 2024 2023 BroLtght dowh 46.271 40,677 Sebasli3n's Action Tru51 SDulh Bucks H05pice Spinal Injuries Assoclalion Spinal Muscular Atrophy UK Sl Matys in the Lace MsrfÉai Stoke M8ndeville Spinal ResÉ8rch Tall Ships Youth Twsl Thamts Vallèy AirAmbulan The Prin5 Centre Thomley Activity Centre Thumbs Up Club Tutkey & Syrig EBrthqJake Appe81 IDSsssl8rs Emer98ncy CoMmite) W3r Memorials Trust Welcome lo our Future Wendovèr Frfends of GufvJlng VVheelPower IMizzKid2 Willèn Hospir Willow Foundation WycoTnbe Youth Action 500 500 500 1.000 soo 500 500 50D 500 5LKTr 500 SW 5LK) 500 500 5,000 500 500 soo 500 500 500 1.000 500 500 64.271 All grants aThJ donalSons the arer& paid its instiiulions. 12