Salisbury New Pool Settlement - Charitable Fund
Charity Registration No. 272626
Trustees' report and unaudited accounts
For the year ended 5 April 2022
Salisbury New Pool Settlement - Charitable Fund
Contents
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Independent examiner's report | 3 |
| Receipts and payments account | 4 |
| Statement of assets and liabilities | 5 |
| Notes to the accounts | 6 - 10 |
Salisbury New Pool Settlement - Charitable Fund
General information
Charity number 272626 Trustees The Most Hon The Marquess of Salisbury Viscount Cranborne Registered address The Estate O ffi ce Hat fi eld Park Hat fi eld Herts AL9 5NB Date of Settlement The settlement was created on 23 March 1976. Independent examiner Julie Mutton FCA Evelyn Partners LLP Old Library Chambers 21 Chipper Lane Salisbury Wiltshire SP1 1BG
Salisbury New Pool Settlement - Charitable Fund
Trustees' report for the year ended 5 April 2022
The trustees present their report and accounts for the year ended 5 April 2022.
The accounts have been prepared on the receipts and payments basis in accordance with the accounting policies set out in note 1.
Constitution
The Trust was constituted on 23 March 1976.
The income and capital of the Trust is held by the Trustees for such charitable purposes as they think fi t.
Objects and activities
The charity's objects are to support a variety of causes which are biased towards Hat fi eld, Cranborne and the support of agricultural and scienti fi c pursuits.
Review of activities
The Trustees received a number of applications for assistance during the year, and were able to make funds available to those applicants who met the criteria under the terms of the Charity. The Trustees have reviewed the major risks to which the charity is exposed and have established systems to mitigate those risks.
Reserves policy
No assets are held under restrictive covenant, so that the reserves are distributable at the trustees' discretion.
The Trustees policy is to maintain a level of reserves which will provide a stable base for the Charity's continuing activities. The Trustees believe that the reserves are su ffi cient for its current purposes, and these are reviewed on a regular basis.
Public bene t statement
The trustees, having regard to the Public bene fi t guidance published by the Charity Commission in accordance with section 17 of the Charities Act 2011, consider that the purposes and activities of the charity satisfy the requirements of the public bene fi t test set out in section 4 of the same act.
Investment policy
The Trust Deed authorises the Trustees to invest the charity's funds in any investment assets.
Distribution policy
The Trustees' policy is to distribute all income as soon as practical after its receipt.
Results
The charity received income during the year amounting to £67,538 (2021 - £61,865). The Trustees were able to apply £65,860 (2021 - £51,750) for charitable purposes and required £2,146 (2021 - £1,648) for administration. There was a net de fi cit for the year of £468 (2021 - surplus of £8,467).
Review of ongoing position
The year ended 5 April 2022 has seen an application of funds under clause 4(b) of the Trust Deed of £65,860 (2021 - £51,750) as detailed in note 2.
The assets of the general and expendable endowments funds are available and adequate to ful fi ll the obligations of the Charity.
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Salisbury New Pool Settlement - Charitable Fund
Trustees' report for the year ended 5 April 2022
Trustees
The Trustees who served during the year were:
The Most Hon The Marquess of Salisbury Viscount Cranborne
New Trustees are recommended by donors to the charity, and their appointment is considered by the existing Trustees.
The trustees are responsible for keeping proper accounting records which are su ffi cient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the fi nancial position of the charity and enable them to ensure that the accounts comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 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.
By order of the Trustees
The Most Hon The Marquess of Salisbury
The Most Hon The Marquess of Salisbury
Trustee
Viscount Cranborne
Viscount Cranborne
Trustee
Date: 2 February 2023
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Salisbury New Pool Settlement - Charitable Fund
Independent examiner's report to the trustees of Salisbury New Pool Settlement - Charitable Fund
I report to the trustees on my examination of the fi nancial information of the Salisbury New Pool Settlement - Charitable Fund for the year ended 5 April 2022 which comprises the receipts and payments account, the statement of assets and liabilities and the related notes.
Respective responsibilities of trustees and examiner and basis of report
As the charity's trustees you are responsible for the preparation of the fi nancial information in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the charity's fi nancial information 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 con fi rm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the nancial information does not accord with those records.
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 fi nancial information to be reached.
Julie Mutton
...................................................................
Julie Mutton FCA
Fellow of the Institure of Charteres Accountants in England and Wales
Evelyn Partners LLP Accountants Old Library Chambers 21 Chipper Lane Salisbury Wiltshire SP1 1BG
2 February 2023 Date: ....................................................
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Salisbury New Pool Settlement - Charitable Fund
Receipts and payments account for the year ended 5 April 2022
| Unrestricted Expendable Income endowment Total Fund Fund 2022 Note £ £ £ Investment income Dividends received 67,529 - 67,529 Bank interest received 9 - 9 Total investment income 67,538 - 67,538 Other receipts Donations received - - - Total receipts 67,538 - 67,538 Payments Direct charitable expenditure Charitable donations 2 (65,860) - (65,860) Other expenditure Administration expenditure (2,146) - (2,146) Purchase of investments - - - Transfer between funds 468 (468) - Net (defcit)/surplus for the year - (468) (468) Cash at bank at 6 April 2021 - 89,116 89,116 Cash at bank at 5 April 2022 - 88,648 88,648 |
Total 2021 £ 61,859 - 61,859 6 61,865 (51,750) (1,648) - - 8,467 80,649 89,116 |
|---|---|
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Salisbury New Pool Settlement - Charitable Fund
Statement of assets and liabilities as at 5 April 2022
| Unrestricted Expendable Income endowment Fund Fund Note £ £ Monetary assets Cash at bank - 88,648 Debtors 3 - 77,000 - 165,648 Other assets Tradeable investments 5 913,364 929,966 913,364 929,966 Liabilities Creditors 4 - (4,526) - (4,526) Total net assets 913,364 1,091,088 |
Total 2022 £ 88,648 77,000 165,648 1,843,330 1,843,330 (4,526) (4,526) 2,004,452 |
Total 2021 £ 89,116 75,000 |
|---|---|---|
| 164,116 | ||
| 1,723,233 | ||
| 1,723,233 | ||
| (3,951) | ||
| (3,951) | ||
| 1,883,398 |
We approve these accounts and con fi rm that we have made available all relevant records and information for their preparation.
The Most Hon The Marquess of Salisbury The Most Hon The Marquess of Salisbury
Trustee
Viscount Cranborne Viscount Cranborne
Trustee
Date: 2 February 2023
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Salisbury New Pool Settlement - Charitable Fund
Notes to the accounts for the year ended 5 April 2022
1 Accounting policies
1.1 General information
The Salisbury New Pool Settlement is an unincorporated trust, constituted under a charitable trust deed on 23 March 1976. Is it registered with the Charity Commission in England & Wales (No. 272626). The address of the registered address is The Estate O ffi ce, Hat fi eld Park, Hat fi eld, Herts, AL9 5NB.
1.2 Basis of preparation
The accounts have been prepared on a receipts and payments basis.
1.3 Tradeable investments
Tradeable investments are stated in the accounts at market value. The book cost of tradeable investments is disclosed in the notes to the accounts.
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Salisbury New Pool Settlement - Charitable Fund
Notes to the accounts for the year ended 5 April 2022
2 Charitable donations
| Charitable donations | ||
|---|---|---|
| Churches, etc. Alderholt PCC Church of St. Mary Cranborne Church PCC Friends of St Mary the Virgin, Baldock PCC of Hatfied Hyde The Bedfordshire and Hertfordshire Historic Churches Trust St Giles Church The Westminster Abbey Trust Social welfare ABF The Soldiers' Charity Citizens Advice in Dorset Citizens Advice in East Dorset and Purbeck Ltd Hatfeld Foodback Keech Hospice Care Mission Rabies Limited The Ditchley Foundation The Felix Project The Grenadier Guards Association The International Organ Festival Society Limited The Malala Fund UK The Rose Paterson Trust Toynbee Hall Welwyn and Hatfeld Citizens Advice Bureau ZANE Hertfordshire Community Foundation Hospice UK The Ditchley Foundation Royal Naval Association |
2022 £ 750 750 1,500 2,000 360 400 - - 5,760 1,000 2,500 2,500 2,000 3,000 4,000 2,500 2,000 1,000 7,000 5,000 4,000 1,000 2,500 2,000 - - - - 42,000 |
2021 £ 750 750 1,500 - - 400 1,000 2,000 |
| 6,400 | ||
| - - - - - - - - - - - - 1,000 2,500 2,000 5,000 5,000 2,500 17,000 |
||
| 35,000 |
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Salisbury New Pool Settlement - Charitable Fund
Notes to the accounts for the year ended 5 April 2022
| 2 Charitable donations Museums and memorials Hartlebury Castle Preservation Trust The Garden Museum Education Eton College Godolphin & Latymer School Royal Veterinary College Animal Care Trust Capel Manor College Church of England School, Cranborne Environmental protection Red Squirrel Survival Trust Queens Green Canopy Songbird Survival Other donations of £100 or less (1 donation) Total donations 3 Debtors Income tax recoverable Other debtors |
(Continued) - 500 - 2,000 - 2,500 12,000 - 3,000 - 1,000 1,000 - 1,000 - 250 16,000 2,250 1,000 5,000 1,000 - - 500 2,000 5,500 100 100 65,860 51,750 2022 2021 £ £ 75,000 75,000 2,000 - 77,000 75,000 |
(Continued) - 500 - 2,000 - 2,500 12,000 - 3,000 - 1,000 1,000 - 1,000 - 250 16,000 2,250 1,000 5,000 1,000 - - 500 2,000 5,500 100 100 65,860 51,750 2022 2021 £ £ 75,000 75,000 2,000 - 77,000 75,000 |
|---|---|---|
| 2,500 | ||
| - - 1,000 1,000 250 |
||
| 2,250 | ||
| 5,000 - 500 |
||
| 5,500 | ||
| 100 | ||
| 51,750 | ||
| 2021 £ 75,000 - |
||
| 75,000 |
The income tax recoverable relates to gifts from The Marquess of Salisbury and Viscount Cranborne.
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Salisbury New Pool Settlement - Charitable Fund
Notes to the accounts for the year ended 5 April 2022
| 4 Creditors Accruals Gascoyne Estates Limited |
2022 £ 2,500 2,026 4,526 |
2021 £ 1,925 2,026 |
|---|---|---|
| 3,951 |
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