REGISTERED CHARITY NUMBER: 284579 Report of the Trustees and Unaudl¢¢d Fln•D¢lal Siatements for the Yer Ended 31 July 2024 for Stockwell Chrlt*ble Trust Tayabali Tomlin Chartered A¢¢ountants Kenion Hous¢ Oxford Street Moreion-in-marsh fjloucesiershire GL56 OLA
Siockwell Charitable Trust Contents of Ihe Financial Statements for the year ended 31 July 2024 Pge Report ofthe Trust Independent Examlntr's Report Statement of Flnanell Activities Balan¢e Sheet Notes lo the FlnaDcIAI st4lemen¢s 7 10 12 Detalled Statement of Fln*nciAI Aclivitlej 13 10 14
Stockwell Charit*ble Trust Report of the Trustees for the yegr ended 31 Juty 2024 The irustees present their report wilh the financial siatements of the ¢harity for the year ended 31 July 2024. The trustees have adopted lh¢ provisions of Accounling and Reportin8 by Charities- Statemeni of Recommended Practice applicable io chtsrities preFwing iheir accounts in accordance with the Financial Reporting Srandard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OWECTIVES AND ACTIVITIES Public benefjt The Trusi'5 main work for the benefii of the public is making donations and grants to other charitable bodies in ihe UK and overseas. A list of the grants in the 1&8t iwo yeats is below {excluding money speni on art edii¢aiion in local schools). In addition io ihe gifts from the Trusiees and the income from the Trusi's invesimenis, the Trusi has received income from the sculpiur¢ show it organises every two years (www.sculpiureatkinghamlodge.com) The show is part of Oxfordshire Anweeks. There was no Show in this financial year. the next being in May 2025 so falling in io the 2024-25 Financial Y¢ar. As the sculpture show is every two years. Ihe Irusiee5 have decided not to make larg¢r grants in the year of A show but to also make granis in the year wilh no show. In addition lo ihe grants it makes io other charilies. the Trustees have expanded their work wilh local schools. The state cU1cUluM no longer provides funding for musi¢ and art in local primary schools and so the trust has been funding a programm¢ to assist art ¢du¢alion. 11 has set up a new operation under the name of Cotswolds Arts Through Schools. This brings io¥eiher a partnership of Ial arts organisations to work with the schools io ¢reai¢ ans ri¢h ¢nvironmenis in the scliools. Ai the tim¢ of wriiing ihis partnership is now working With 50 5choo15 and over 7000 children. The work involves a numb¢T of local anisis in running art clubs and providing an experience io ihe whole hool each ierni. This is supported by teacher iraining. Ihe provision of syllabus sUPPOrt (Kapow or Ac¢ess an) and of art maierials. A similar siructure is now working wilh music. inspiralional musicians do whole school workshops and ihere is sMff iraining. We also provide insirumenis and in some c5 extra iuition. We are graieful for the 5UPPOrt of other trusts and donors for this work. We are also grateful for th¢ support of Kingham Hill School, Bloxham School. and Oxford Brookes University in helping to Irain teachers so they Can use Ihe art cupboards we have 510cked in other lessons. Acad¢mi¢ work shows clearly the bei)efit5 that children d¢rive from an and music. li is noi simply th¢ stimulus to creativiiy and dexterily, key to primary educations as this is, it is alw the pro¢ess of working tO8eiher with discipline and ord¢r {parti¢ularly key lo music). The benefits lo children's mental healih are very rehl. Posi-covid children hav¢ become much more addicted lo screens which are hugely dama8ing io developing young brains; the arts are a crucial counterpoint. The Trustees are exploring whether other partners can be found to extend their work with musi¢ education in lo¢al schools. in addition to the ballet added this autumn 120241. Since the end of ihe financial year substantial additional funds have come to the Tee$ io expand their schools work. The Trustees have complied with their duty lo have due regard to the Charity Commission's public benefit guidance when exercising any powers or duiies to which the guidance 15 relevani. Accounts have been prepared and independently examined in accordance with the law and guidan¢¢ from the Charity Commission. Page I
S¢ockiYell Charitable Tru$¢ Report of the Trnstees for tbe year ended 31 July 2024 FINANCIAL REVIEW Reserves poliey The reserves policy is to maintsin the expendable endowment in suitable ethical inveslmeni fijnds. The Irustees are aware of the fact that the legat guidance io tru¢¢$. derived originally from the Bishop of Oxford de¢ision, is unsatisfactory and offers insufficient guidance as to ihe investment policies they should pursue. Al a time of climate change threats the trustees feel they should define closer parameters ensuring their investments are noi contributing io global warniing in excess of1.5C or in any other way contradicting their charitable objectives. Accordingly they are party to exploring how legal clarification can be obtained. As ihe income is considerdbly more in a show year. which is every ttvo years, we keep back some from the y¢ar with a show to spend in the following year. thus smooihing recipients income. STRUCTURE, GOVERNANCE AND MANAGEMENT Coverning document The charity is controlled by its governing document. a deed of trust and constitutes an unincorporated charity. REFEREf4CE AND ADMINISTRATIVE DETAILS Registered Charity number 284579 Principal address Kingham Lodge West End Kingh2m Chipping Norton Oxfordshire OX7 6YL Trn$tees The Rev Canon A C Hall CD Stockwell Mrs M C Colville Mrs P M Griffiths Illdependent Examiner A F Noorani FCA Tayabali Tomlin Charter¢d Accountants Kenton House Oxford Sireet Mor¢lon-in-Marsh Gloucest¢rshire OL56 OLA Page 2
Stockwell Charitable Trnst Report of the Trustee5 for the year ended 31 July 2024 Approved by order of the board of trustees on 3 January 2025 and si8n¢d on its behalf by: CD Slo - Trust¢¢ Page 3
Independent Examiner'8 Report to the Trus¢ees or Slockwell Charitable Trust Independent eiaminer's report ¢0 the trustees of Stockwell Cbaritable TTUSt I report to (he chari(y trustees on my examination of the a¢¢ounts of Stockwell Charitable Trust (the Trust) for the year ended 31 July 2024. Responsibilities and basis of report As the ¢harity trusiees of the Trust you are resp)nsible for the preparation of the accounts in ac¢ordance with the Tequirements of the Chariiies Act 2011 (Ihe Act). l Teport in Tespe¢i of my emminaiion of th¢ Trust's ac¢ounts carried out under S¢¢iion 145 of the Act and in carrying out my examination I have followed all applicable Directtons given by the Charity Cornmission under Section 145(5Mb) of the A¢t. Independent examiner's $t*temeDt I have Completed my examination. I confirni that no material matters have Come to my attention in connection with the examination giving me cause to believe that in any matsrial respect". accounting records were not kept in respect of th¢ Trust as required by Section 130 of ihe Act. or the accounts do noi accord wilh those r¢cords- or (he accounts do noi comply with the applicable requirements con¢erning the forni and content of a¢¢ounts s¢1 out in the Charities (Accounts and Rew)rts) Regulations 2008 other than any requirement thai the accounts give a and fair view which is not a maner considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to whi¢h atteniion should be drawn in this report in order to enable a proper understanding of the accounls to b¢ reached. A F Noorani FCA Tayabali Tomlin Chartered Accountants Kenton House OxfoTd Street Moreton-in-marsh Gloucestershire GL56 OLA 8 January 2025 Pa8¢ 4
Stockwell Cbaritable Trnst Statement of Financial Activities for the year ended 31 July 2024 2024 UnrestrA¢ted nd 2023 Total funds Notes INCOME AND ENDOWMENTS FROM Donaiions and legacies 94,770 311,655 Investm¢ni income 1.726 853 Totsl 312.508 EXPENDITURE ON Charitable activities Donations and grdn 51,857 78,110 Other 65.945 215925 Total 117 802 294,035 Net gainsl{losses) on investments NET INCOMEI(EXPENDITURE) (4,196) 16.450 RECONCILIATION OF FUNDS Toial funds broughi forward 261,495 245.045 TOTAL FUNDS CARRIED FORWARD 261495 The notes forni part of thes¢ financial staiemenis Page 5
Stockwell Charitsble Trnsl Balance Sheet 31 July 2024 2024 Unrestricied fund 2023 Total funds Notes FIXED ASSETS Investments 132,832 115,636 CURRENT ASSETS Debtors Cash at bank 2J50 123,791 4,600 172,521 126,141 177,121 CREDITORS Amounts falling due wiihin one year (1,674) (31,262) NET CURRENT ASSETS 124,467 145,859 TOTAL ASSETS LESS CURREwr LIABILITIES 257299 261.495 NET ASSETS 257,299 261,495 FUNDS Unrestricted funits 257,299 261,495 TOTAL FUNDS 257299 261,495 The financial statemenls were approved by the Board of Tru5t¢es and authoris¢d for issue on 3 January 2025 and were signed on lis behalf by= l - Trustee The notes forni part of these financial statements Page 6
Stockwell Cbaritabl¢ Trust Notes to the Financial SlatemeDts for the year ended 31 July 2024 ACCOUNTING POLICIES Basls of preparing the finaDcial $ts¢ements The financial statemenis of the charity, which is a public benefit enlity under FRS 102, have been prepared in accordance iyith rhe Charities SORP (FRS 102) 'Accounring and Reporting by Charities.. Statement of Recommended Practice applicable to chariti¢s preparing their accounts in accordan¢¢ wilh the Financial Reporting Stsndard appli¢abl¢ in the UK and Republic of Ireland (FRS 102) (effeciive l January 2019),, Financial Reporting Sthndard 102 'The Financial Reporting Siandard applicable in the UK and Republic of Ireland, and ihe Charities Act 2011. The financial statements have been prepared under the historical cost conveniion, with the exception of investments which ar¢ in¢luded at markei value. &$ modified by the revaluaiion of ¢ertain assets. Income All income is recognised in the Statement of Financial Activities once the charity has entitlemeni to the funds, it is probable that the income will be received and the amount Can be measured reliably. Expenditure Liabilities are recognised as expenditure swn as there is a legal or constructive obligation committing the charity to thai expenditure. it is probable that a trdnsfer of economic benefits will be required in settlement and ihe amount of the obliga¢ion ¢an be measured reliably. Expenditure is accounied for on an a¢¢ruals b&sis and h85 been classified under headings that aggregate all cost related to the category. whe costs cannot be directly aiiributed to particular headings they have be¢n allocated io activities on a basis consistent wilh the use of resources. Taxation The charity is exempi from thx on its charttable activities. Fund ac¢ountlng Unrestricted funds Can be used in accordance with ihe charitabl¢ obj¢¢iiv¢s at th¢ discreiion of the trustees. Restricted funds can only be used for particular resiricied purposes within the objects of the charity. Restrictions aris¢ when specified by the donor or when funits are raised for particular r¢slri¢ted purposes. Further explanation of the nature and purpose of each fund is included in the notes lo ihe financial statements. Page 7 continued...
Sto¢kwell Cbaritsble Trust Notes to the Financial StatemeJbts- continued for tbe year ended 31 July 2024 INVESTMENT INCOME 2024 2023 Dividends and interest incom¢ 1,726 853 TRUSTEES, REMUNERATION AND BENEFITS There were no tr1¢¢$, remuneraiion or other benefits for the year ended 31 July 2024 nor for the year ended 31 July 2023. Trustees, expenses There were no tru5tees' expenses paid for the y¢ar ended 31 July 2024 nor for the year ended 31 July 2023. COMPARATIVES FOR THE sfATEMENf OF FINANCIAL ACTIVITIES Unrestricted fund INCOIVIE AND ENDOWMENTS FROM t)onalions and legacies 311.655 Investment income 853 Total 312,508 EXPENDITURE ON Cbaritable aetiviti Donaiion5 and grdnts 78,110 Other 215925 Tot*1 294 035 Net gain{lOs5es} on investments 2.023 NET INCOME 16.450 RKCONCILIATION OF FUNDS Total funds brought forward 245,045 Page 8 ¢ontinued...
Stockwell Cb#ritable Trnst Notes to the Flllaneial Statements- eontinued ror the year ended 31 July 2024 COMPARATtVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES- continued Unrestricted fund TOTAL FUNDS CARRIED FORWARD 261,495 FIXED ASSET INVESTMENTS Listed investments MARKET VALUE At l August 2023 Additions Revaluations 115,636 86 At 31 July 2024 132,832 IIET BOOK VALUE At 31 July 2024 132,832 At 31 July 2023 115,636 There were no investment assets outside the UK. Cost or valuation 31 July 2024 is represented by- Listed investments Valuation in 2024 132,8J2 Page 9 continued...
Sto¢kwell Cbaritable Trust Notes to the Financial Statements - continued for the year ended 31 July 2024 DEBTORS: AMOUNTS FALLII¥C DUE WITHIN ONE YEAR 2024 2023 Other d¢btors CREDITORS: Amouwfs FALLING DUE WITHIN ONE YEAR 2024 2023 Oiher creditors 31.262 MOVEMEf4T IN FUNDS Net movement in fund5 At 31n124 At 118123 Unrestricted funds General fund 261,495 (4,196) 257399 TOTAL FUNDS 261495 257 299 Net movement in funds, in¢luded in the above are as follows: Incoming resour¢es Resources expended Gains and Movement loss¢s in funds Unrestrieted funds Gen¢ral fund 96.496 (117W2) 17,110 (4,196) TOTAL FUNDS 117,802) Comparatives for movement ID fund8 Net movement in funds At 31n123 Ai 118122 Unre5tri¢ted General fund 245.045 16,450 261.495 TOTAL FUNDS 245.045 16.450 261,495 Page 10 continued..
Slockwell Ch8ritable Trus¢ Notes to the FinAnci81 Statements- CODtinued for the year ended 31 July 2024 MOVEMENT IN FUNDS- con¢lnu¢d Comparative net movem¢nt in funds, included in the above are as follows.. Resources expended Incoming resources Gains and Movement losses in funds UDTestrl¢ted fund3 General fund 312,508 (294.035) (2,023) 16,450 TOTAL FUNDS 312.508 294,035) 2,023) A current year 12 months and prior year 12 months combined w)sition is follows.. Net movement in funds At 3117124 At 118122 Unreslrlcted funds General furtd 245,045 12.254 257.299 TOTAL FUNDS 245 045 257 299 A current year 12 months and prior year 12 months combined nel movement in funds. included in the above are a5 follows- Incoming resou¢$ Resources expended Gains and Movement losses in funds Unrestrlcted tsnd3 General fund 409,004 (411.837) 15.087 12.254 TOTAL FUNDS 411837 Pagell continued...
Stockwell Charltable Trust Notes to the Financial StxtemeDts- continued for tbe year ended 31 July 2024 RELATED PARTY DISCLOSURES There were no relad paty tratLsactions for the year ended 31 July 2024. Page 12
Stoekwell Charitable Trus¢ Detailed Statement ofFinan¢ial Activities for the year ended 31 July 2024 2024 2023 INCOME AND ENDOWMENrs Donations and legactes Donations and ¢haritable a¢livitie5 Gift aid 62,443 32 307,953 94,770 311.655 Investment income Dividends and inierest income 853 Total ID¢omiDg resour¢es 96,496 312.508 EXPENDITUR Charltable activitie$ Donations and grants 51,857 78,110 Supporl ¢osts Management Sculptorfs fees CATS Admin Art and garden expenses Advertising 3?74 26,821 26,952 163,725 48,264 64,077 211,989 FinAnce Bank charges 194 2,382 Governance costs Accountancy and legal fees 1,554 Total rEsources expended 117802 294 035 Nel (expenditre>lLne0mt before gains and losses (21,306) 18,473 GAinsl(10sses) on fixed asset IDvestm¢nts Carried fon¥ard (22,980) 16,919 This page does not forni part of the statutory financial statem¢nts Page 13
Stockwell Charitable Trust Detailed Siatement of Financial Activities for tbe year ended JI July 2024 2024 2023 Gginsloosses) on fixed asset iDves¢ments Realised gainsl(losses) on fixed assei investments 2,023) Net (expeDditur¢)fillcome 16,450 This page does forni part of the ststutory finan¢ial aternents Page 14