Salisbury New Pool Settlement - Charitable Fund
Charity Registration No. 272626
Trustees' report and unaudited accounts
For the year ended 5 April 2025
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 Office Hatfield Park Hatfield Herts AL9 5NB Date of Settlement The settlement was created on 23 March 1976. Independent examiner Julie Mutton FCA S&W Audit 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 2025
The trustees present their report and accounts for the year ended 5 April 2025.
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 £131,316 (2024 - £102,112). The Trustees were able to apply £80,880 (2024 - £70,850) for charitable purposes and required £5,013 (2024 - £4,728) for administration. There was a net deficit for the year of £4,577 (2024 - £1,534 surplus).
Review of ongoing position
The year ended 5 April 2025 has seen an application of funds under clause 4(b) of the Trust Deed of £80,880 (2024 - £70,850) 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.
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Salisbury New Pool Settlement - Charitable Fund
Trustees' report for the year ended 5 April 2025
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
22 December 2025 Date: ...................................................................
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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 financial information of the Salisbury New Pool Settlement - Charitable Fund for the year ended 5 April 2025 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:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
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 Institute of Chartered Accountants in England and Wales
S&W Audit Chartered Accountants Old Library Chambers 21 Chipper Lane Salisbury Wiltshire SP1 1BG
22 December 2025 Date: ....................................................
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Salisbury New Pool Settlement - Charitable Fund
Receipts and payments account for the year ended 5 April 2025
| Unrestricted Expendable Income endowment Total Fund Fund 2025 Note £ £ £ Investment income Donations received - 50,000 50,000 Dividends received 80,483 - 80,483 Bank interest received 833 - 833 Total investment income 81,316 50,000 131,316 Total receipts - income 81,316 50,000 131,316 Payments Direct charitable expenditure Charitable donations 2 (80,880) - (80,880) Other expenditure Administration expenditure (3,456) - (3,456) Accountancy fees due for reimbursement (1,557) - (1,557) Transfer between funds 4,577 (4,577) - Total Payments - income (81,316) (4,577) (85,893) Net movement on income - 45,423 45,423 Capital Purchase of investments - (50,000) (50,000) Net movement on capital - (50,000) (50,000) Net (defcit)/surplus for the year - (4,577) (4,577) Cash at bank at 6 April 2024 - 50,348 50,348 Cash at bank at 5 April 2025 - 45,771 45,771 |
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 |
|---|---|
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Salisbury New Pool Settlement - Charitable Fund
Statement of assets and liabilities as at 5 April 2025
| Unrestricted Expendable Income endowment Fund Fund Note £ £ Monetary assets Cash at bank - 45,771 Debtors 3 - 31,918 - 77,689 Other assets Tradeable investments 5 870,315 961,773 870,315 961,773 Liabilities Creditors 4 - (5,281) - (5,281) Total net assets 870,315 1,034,181 |
Total 2025 £ 45,771 31,918 77,689 1,832,088 1,832,088 (5,281) (5,281) 1,904,496 |
Total 2024 £ 50,348 30,361 80,709 1,720,059 1,720,059 (4,846) (4,846) 1,795,922 |
|---|---|---|
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
22 December 2025
Date: ...................................................................
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Salisbury New Pool Settlement - Charitable Fund
Notes to the accounts for the year ended 5 April 2025
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. It is registered with the Charity Commission in England & Wales (No. 272626). 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.
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Salisbury New Pool Settlement - Charitable Fund
Notes to the accounts for the year ended 5 April 2025
| 2 Charitable donations Churches, etc. Alderholt PCC B&H Historic Church Cranborne Church PCC St James' Church Roof Fund The Foundation of the College of St George Windsor Castle St Patricks Soho Social welfare Blandford Forum Corn Exchange Citizens Advice in Dorset Citizens Advice Bureau Welwyn Hatfeld Digswell Place RDA Envision Essendon Foodbank FANY (PRVC) Farm Africa Limited Fredericks Foundation Hatfeld Foodbank Hertfordshire Agricultural Society Hertfordshire Young Homeless Horatio's Garden Kayd Somali Arts and Culture Land Aid Macmillan Cancer Support Migrant and Asylum Seeker Solidarity and Action Mind Mission Rabies Limited Mission Ukraine UK Mosaic Afghanistan REACT Disaster Response Special Boat Service St Martin-in-the-Fields Trust St Patricks Soho The Clocktower Foundation The Lantern Trust The Serge Hill Project Toynbee Hall Veterans with Dogs |
2025 £ 1,500 - 500 - 5,000 2,000 9,000 - - 5,000 1,000 1,000 - 2,000 - - 1,000 2,500 2,680 500 3,500 - 1,200 10,000 1,000 500 10,000 2,000 1,000 500 2,000 - 2,000 500 2,000 1,000 1,000 |
2024 £ 1,500 400 2,750 5,000 - - |
|---|---|---|
| 9,650 | ||
| 2,000 2,500 - - - 500 2,000 200 20,000 1,000 2,000 - 500 2,000 200 - 200 - 500 10,000 1,000 - 500 - 2,000 - 500 - 1,000 - |
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Salisbury New Pool Settlement - Charitable Fund
Notes to the accounts for the year ended 5 April 2025
| 2 Charitable donations Welwyn and Hatfeld Citizens Advice Bureau ZANE Museums and memorials Cecil Memorial Hall Hertford Museum Rhodesian Services Association War Memorials Trust Education Capel Manor College Juliet Garmoyle Fund Royal Veterinary College Animal Care Trust The Lord Burghley 500 Foundation The Purcell School Environmental protection Cool Earth Action European Squirrel Initiative Red Squirrel Survival Trust Other donations of £100 or less Total donations |
(Continued) 5,000 2,500 2,000 2,000 60,880 53,100 2,000 - 500 1,000 500 - 500 500 3,500 1,500 1,000 1,000 - 1,000 - 1,000 2,500 2,500 1,000 - 4,500 5,500 1,000 - 1,000 - 1,000 1,000 3,000 1,000 - 100 - 100 80,880 70,850 |
(Continued) 5,000 2,500 2,000 2,000 60,880 53,100 2,000 - 500 1,000 500 - 500 500 3,500 1,500 1,000 1,000 - 1,000 - 1,000 2,500 2,500 1,000 - 4,500 5,500 1,000 - 1,000 - 1,000 1,000 3,000 1,000 - 100 - 100 80,880 70,850 |
|---|---|---|
| 53,100 | ||
| - 1,000 - 500 |
||
| 1,500 | ||
| 1,000 1,000 1,000 2,500 - |
||
| 5,500 | ||
| - - 1,000 |
||
| 1,000 | ||
| 100 | ||
| 100 | ||
| 70,850 |
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Salisbury New Pool Settlement - Charitable Fund
Notes to the accounts for the year ended 5 April 2025
3 Debtors
| Donations receivable Accountancy fees due for reimbursement Creditors Accruals Gascoyne Estates Limited |
2025 £ 25,000 6,918 31,918 2025 £ 4,554 727 5,281 |
2024 £ 25,000 5,361 |
|---|---|---|
| 30,361 | ||
| 2024 £ 4,319 527 |
||
| 4,846 |
4 Creditors
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| Unrealised gains | ___ | This Since |
Year Purchase |
£ £ |
37,095 249,335 |
24,934 81,163 |
62,029 330,498 |
|||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales At 5 April 2025 |
___ _______ | Proft Market |
No. Proceeds (Loss) No. Cost Value |
£ £ £ £ |
- - - 59,618 655,852 905,187 |
- - - 522,345 845,738 926,901 |
- - 1,501,590 1,832,088 |
|||||
| Purchases | __ | No. Cost |
£ | - - |
27,619 50,000 |
50,000 | ||||||
| 5 Tradeable investments | At 6 April 2024 | ______ | Market | No. Cost Value |
£ £ |
M & G Securities Charifund | Income units 59,618 655,852 868,092 |
Trojan Income Fund | 'S' Income shares 494,726 795,738 851,967 |
1,451,590 1,720,059 |