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2024-04-05-accounts

Salisbury New Pool Settlement - Charitable Fund

Charity Registration No. 272626

Trustees' report and unaudited accounts

For the year ended 5 April 2024

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 Ofce
Hatfeld Park
Hatfeld
Herts
AL9 5NB
Date of Settlement The settlement was created on 23 March 1976.
Independent examiner Julie Mutton FCA
CLA Evelyn Partners Limited
Chartered Accountants
Old Library Chambers
21 Chipper Lane
Salisbury
Wiltshire
SP1 1BG

Salisbury New Pool Settlement - Charitable Fund

Trustees' report for the year ended 5 April 2024

The trustees present their report and accounts for the year ended 5 April 2024.

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 fit.

Objects and activities

The charity's objects are to support a variety of causes which are biased towards Hatfield, Cranborne and the support of agricultural and scientific 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 sufficient for its current purposes, and these are reviewed on a regular basis.

Public benefit statement

The trustees, having regard to the Public benefit 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 benefit 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 £102,112 (2023 - £74,026). The Trustees were able to apply £70,850 (2023 - £107,617) for charitable purposes and required £4,728 (2023 - £6,243) for administration. There was a net surplus for the year of £1,534 (2023 - £39,384 deficit).

Review of ongoing position

The year ended 5 April 2024 has seen an application of funds under clause 4(b) of the Trust Deed of £70,850 (2023 - £107,617) as detailed in note 2.

The assets of the general and expendable endowments funds are available and adequate to fulfill the obligations of the Charity.

Salisbury New Pool Settlement - Charitable Fund

Trustees' report for the year ended 5 April 2024

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 sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial 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: ................................................................... 15 January 2025

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 financial information of the Salisbury New Pool Settlement - Charitable Fund for the year ended 5 April 2024 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 financial information in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the charity's financial 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 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:

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

  2. the financial 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 financial information to be reached.

Julie Mutton

...................................................................

Julie Mutton FCA

Fellow of the Institure of Chartered Accountants in England and Wales

CLA Evelyn Partners Limited Chartered Accountants Old Library Chambers 21 Chipper Lane Salisbury Wiltshire SP1 1BG

Date: .................................................... 16 January 2025

Salisbury New Pool Settlement - Charitable Fund

Receipts and payments account for the year ended 5 April 2024

Unrestricted Expendable
Income endowment
Fund
Fund
Note
£
£
Investment income
Donations received
-
25,000
Dividends received
76,272
-
Bank interest received
840
-
Total investment income
77,112
25,000
Total receipts - income
77,112
25,000
Payments
Direct charitable expenditure
Charitable donations
2
(70,850)
-
Other expenditure
Administration expenditure
(3,317)
-
Accountancy fees due for reimbursement
(1,411)
-
Transfer between funds
(1,534)
1,534
Total Payments - income
(77,112)
1,534
Net movement on income
-
26,534
Capital
Purchase of investments
-
(25,000)
Net movement on capital
-
(25,000)
Net surplus/(defcit) for the year
-
1,534
Cash at bank at 6 April 2023
-
48,814
Cash at bank at 5 April 2024
-
50,348		 Total
2024
£
25,000
76,272
840
102,112
102,112
(70,850)
(3,317)
(1,411)
-
(75,578)
26,534
(25,000)
(25,000)
1,534
48,814
50,348		 Total
2023
£
-
73,641
385
74,026
74,026
(107,617)
(2,293)
(3,950)
-
(113,860)
(39,834)
-
-
(39,834)
88,648
48,814

Salisbury New Pool Settlement - Charitable Fund

Statement of assets and liabilities as at 5 April 2024

Unrestricted
Expendable
Income
endowment
Fund
Fund
Note
£
£
Monetary assets
Cash at bank
-
50,348
Debtors
3
-
30,361
-
80,709
Other assets
Tradeable investments
5
839,757
880,302
839,757
880,302
Liabilities
Creditors
4
-
(4,846)
-
(4,846)
Total net assets
839,757
956,165		 Total
2024
£
50,348
30,361
80,709
1,720,059
1,720,059
(4,846)
(4,846)
1,795,922		 Total
2023
£
48,814
3,950
52,764
1,721,398
1,721,398
(4,144)
(4,144)
1,770,018

We approve these accounts and confirm 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: ................................................................... 15 January 2025

Salisbury New Pool Settlement - Charitable Fund

Notes to the accounts for the year ended 5 April 2024

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 Office, Hatfield Park, Hatfield, 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 2024

2
Charitable donations
Churches, etc.
Alderholt PCC
B&H Historic Church
Cranborne Church PCC
St James' Church Roof Fund
The Bedfordshire and Hertfordshire Historic Churches Trust
The Parochial Church
The Westminster Abbey Trust
West Roman Catholic
Social welfare
ABF The Soldiers' Charity
Autism Bedfordshire
Blandford Forum Corn Exchange
Blue Marine Foundation
British Library
Citizens Advice Bureau
Citizens Advice in Dorset
DV Collins - Canon Law
Essendon Foodbank
FANY (PRVC)
Farm Africa Limited
Fredericks Foundation
Horatio's Garden
Hatfeld Foodbank
Helping Herts
Hertfordshire Agricultural Society
Hertfordshire Young Homeless
Isabel Hospice Ltd
Kayd Somali Arts and Culture
Land Aid
Letchworth Arts
Migrant and Asylum Seeker Solidarity and Action
Mission Rabies Limited
Mission Ukraine UK
Mosaic Afghanistan
Save Britains Heritage
Special Boat Service
St Patricks Soho
The British Red Cross
The Central British Fund For World Jewish Relief
The Grenadier Guards Association
The Lantern Trust
Toynbee Hall		 2024
£
1,500
400
2,750
5,000
-
-
-
-
9,650
-
-
2,000
-
-
-
2,500
-
500
2,000
200
20,000
500
1,000
-
2,000
-
-
2,000
200
-
200
500
10,000
1,000
-
500
2,000
-
-
-
500
1,000		 2023
£
750
-
2,250
-
400
500
2,000
2,000
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
1,000

Salisbury New Pool Settlement - Charitable Fund

Notes to the accounts for the year ended 5 April 2024

2
Charitable donations
Welwyn and Hatfeld Citizens Advice Bureau
ZANE
Museums and memorials
Hertford Museum
The Garden Museum
War Memorials Trust
Education
Capel Manor College
Future Academies
Juliet Garmoyle Fund
Royal Veterinary College Animal Care Trust
Southfelds School
The Lord Burghley 500 Foundation
Environmental protection
Red Squirrel Survival Trust
Other donations of £100 or less
Total donations		 (Continued)
2,500
2,500
2,000
2,000
53,100
90,777
1,000
1,000
-
2,000
500
-
1,500
3,000
1,000
2,000
-
1,440
1,000
-
1,000
1,000
-
500
2,500
-
5,500
4,940
1,000
1,000
1,000
1,000
100
-
100
-
70,850
107,617		 (Continued)
2,500
2,500
2,000
2,000
53,100
90,777
1,000
1,000
-
2,000
500
-
1,500
3,000
1,000
2,000
-
1,440
1,000
-
1,000
1,000
-
500
2,500
-
5,500
4,940
1,000
1,000
1,000
1,000
100
-
100
-
70,850
107,617
90,777
1,000
2,000
-
3,000
2,000
1,440
-
1,000
500
-
4,940
1,000
1,000
-
-
107,617

Salisbury New Pool Settlement - Charitable Fund

Notes to the accounts for the year ended 5 April 2024

3 Debtors

Donations receivable
Accountancy fees due for reimbursement
Creditors
Accruals
Gascoyne Estates Limited		 2024
£
25,000
5,361
30,361
2024
£
4,319
527
4,846		 2023
£
-
3,950
3,950
2023
£
3,596
548
4,144

4 Creditors

Unrealised gains ___ This
Since		 Year
Purchase		 £
£		 (15,505)
212,240		 (10,834)
56,229		 (26,339)
268,469
Sales
At 5 April 2024		 ___ _______ Proft
Market		 No.
Proceeds
(Loss)
No.
Cost
Value		 £
£
£
£		 -
-
-
59,618
655,852
868,092		 -
-
-
494,726
795,738
851,967		 -
-
1,451,590
1,720,059
Purchases __ No.
Cost		 £ 1,729
25,000		 -
-		 25,000
5 Tradeable investments At 6 April 2023 ______ Market No.
Cost
Value		 £
£		 M & G Securities Charifund Income units
57,889
630,852
858,597		 Trojan Income Fund 'S' Income shares
494,726
795,738
862,801		 1,426,590
1,721,398