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2023-04-05-accounts

Salisbury New Pool Settlement - Charitable Fund

Charity Registration No. 272626

Trustees' report and unaudited accounts

For the year ended 5 April 2023

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 2023

The trustees present their report and accounts for the year ended 5 April 2023.

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 £74,026 (2022 - £67,538). The Trustees were able to apply £107,617 (2022 - £65,860) for charitable purposes and required £2,293 (2022 - £2,146) for administration. There was also £3,950 paid in accountancy fees which are due to be reimbursed (2022: £nil). There was a net de fi cit for the year of £39,834 (2022 - £468).

Review of ongoing position

The year ended 5 April 2023 has seen an application of funds under clause 4(b) of the Trust Deed of £107,617 (2022 - £65,860) 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.

Salisbury New Pool Settlement - Charitable Fund

Trustees' report for the year ended 5 April 2023

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

13 December 2023 Date: ...................................................................

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 2023 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:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. 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 Chartered Accountants in England and Wales

Evelyn Partners LLP Accountants Old Library Chambers 21 Chipper Lane Salisbury Wiltshire SP1 1BG

14 December 2023 Date: ....................................................

Salisbury New Pool Settlement - Charitable Fund

Receipts and payments account for the year ended 5 April 2023

Unrestricted Expendable
Income endowment
Total
Fund
Fund
2023
Note
£
£
£
Investment income
Dividends received
73,641
-
73,641
Bank interest received
385
-
385
Total investment income
74,026
-
74,026
Total receipts
74,026
-
74,026
Payments
Direct charitable expenditure
Charitable donations
2
(107,617)
-
(107,617)
Other expenditure
Administration expenditure
(2,293)
-
(2,293)
Accountancy fees due for reimbursement
(3,950)
-
(3,950)
Transfer between funds
39,834
(39,834)
-
Net defcit for the year
-
(39,834)
(39,834)
Cash at bank at 6 April 2022
-
88,648
88,648
Cash at bank at 5 April 2023
-
48,814
48,814		 Total
2022
£
67,529
9
67,538
67,538
(65,860)
(2,146)
-
-
(468)
89,116
88,648

Salisbury New Pool Settlement - Charitable Fund

Statement of assets and liabilities as at 5 April 2023

Unrestricted
Expendable
Income
endowment
Fund
Fund
Note
£
£
Monetary assets
Cash at bank
-
48,814
Debtors
3
-
3,950
-
52,764
Other assets
Tradeable investments
5
852,833
868,565
852,833
868,565
Liabilities
Creditors
4
-
(4,144)
-
(4,144)
Total net assets
852,833
917,185		 Total
2023
£
48,814
3,950
52,764
1,721,398
1,721,398
(4,144)
(4,144)
1,770,018		 Total
2022
£
88,648
77,000
165,648
1,843,330
1,843,330
(4,526)
(4,526)
2,004,452

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

13 December 2023 Date: ...................................................................

Salisbury New Pool Settlement - Charitable Fund

Notes to the accounts for the year ended 5 April 2023

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.

Salisbury New Pool Settlement - Charitable Fund

Notes to the accounts for the year ended 5 April 2023

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 Hatfeld Hyde
The Bedfordshire and Hertfordshire Historic Churches Trust
The Westminster Abbey Trust
West Roman Catholic
The Parochial Church
Social welfare
ABF The Soldiers' Charity
Autism Bedfordshire
Blue Marine Foundation
British Library
Citizens Advice Bureau
Citizens Advice in Dorset
Citizens Advice in East Dorset and Purbeck Ltd
DV Collins - Canon Law
Essendon Foodbank
Horatio's Garden
Hatfeld Foodbank
Helping Herts
Hertfordshire Agricultural Society
Hertfordshire Young Homeless
Isabel Hospice Ltd
Keech Hospice Care
Land Aid
Letchworth Arts
Mission Rabies Limited
Mission Ukraine UK
Save Britains Heritage
Special Boat Service
St Patricks Soho
The British Red Cross
The Central British Fund For World Jewish Relief
The Ditchley Foundation
The Felix Project
The Grenadier Guards Association
The International Organ Festival Society Limited
The Lantern Trust		 2023
£
750
-
2,250
-
-
400
2,000
2,000
500
7,900
500
500
5,000
5,000
2,500
-
-
1,500
500
2,000
1,000
2,500
4,000
1,000
2,000
-
5,000
250
2,000
10,000
1,000
2,500
2,000
22,027
10,000
-
-
1,500
-
1,000		 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
-

Salisbury New Pool Settlement - Charitable Fund

Notes to the accounts for the year ended 5 April 2023

2
Charitable donations
The Malala Fund UK
The Rose Paterson Trust
Toynbee Hall
Welwyn and Hatfeld Citizens Advice Bureau
ZANE
Museums and memorials
Hertford Museum
The Garden Museum
Education
Capel Manor College
Eton College
Future Acadamies
Godolphin & Latymer School
Royal Veterinary College Animal Care Trust
Southfelds School
Environmental protection
Red Squirrel Survival Trust
Queens Green Canopy
Other donations of £100 or less
Total donations		 (Continued)
-
5,000
-
4,000
1,000
1,000
2,500
2,500
2,000
2,000
90,777
42,000
1,000
-
2,000
-
3,000
-
2,000
-
-
12,000
1,440
-
-
3,000
1,000
1,000
500
-
4,940
16,000
1,000
1,000
-
1,000
1,000
2,000
-
100
-
100
107,617
65,860		 (Continued)
-
5,000
-
4,000
1,000
1,000
2,500
2,500
2,000
2,000
90,777
42,000
1,000
-
2,000
-
3,000
-
2,000
-
-
12,000
1,440
-
-
3,000
1,000
1,000
500
-
4,940
16,000
1,000
1,000
-
1,000
1,000
2,000
-
100
-
100
107,617
65,860
42,000
-
-
-
-
12,000
-
3,000
1,000
-
16,000
1,000
1,000
2,000
100
100
65,860

Salisbury New Pool Settlement - Charitable Fund

Notes to the accounts for the year ended 5 April 2023

3 Debtors

Income tax recoverable
Other debtors
Accountancy fees due for reimbursement		 2023
£
-
-
3,950
3,950		 2022
£
75,000
2,000
-
77,000

The income tax recoverable relates to gifts from The Marquess of Salisbury and Viscount Cranborne.

4 Creditors

Creditors
Accruals
Gascoyne Estates Limited		 2023
£
3,596
548
4,144		 2022
£
2,500
2,026
4,526