Stoke Mandeville and Other Parishes Charity (Charity commission reference: 296174)
Year ended 31 December 2023
Financial Statements
1
Stoke Mandeville and Other Parishes Charity, Year ended 31 Dec 2023
Annual Report for the year ended 31 December 2023
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The Trustees of the Charity are:
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Appointees of the Stoke Mandeville Parish Council
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Appointed until 31 December 2024 Mrs Barbara Ezra (Chairperson) Mr Paul Walter Mrs Maureen Reeves
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Appointed until 31 December 2026 Mr Robin Hunt Ms Patricia Starr
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Appointees of the Great Missenden Parish Council
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Appointed until 31 December 2024 Mrs Christine Plested
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Appointees of the Great and Little Hampden Parish Council
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Appointed until 31 December 2026 Mr Peter Collier
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Bookkeeping and administration services provided by
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Mrs Caroline Dobson, of Caroline Elizabeth Dobson, Aylesbury.
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Independent examiner
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David Griffiths & Co Chartered Accountants 3 Church Street, Aylesbury
Meetings of the Trustees for running the Charity were held on:
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25 January 2023
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26 April 2023
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19 July 2023
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18 October 2023
The Annual meeting of the Trustees was held on 25 January 2023
The Charity is constituted by a Deed of Trust dated 24 September 1986.
The object of the Charity is to provide for the general benefit of the inhabitants of the Parishes of Stoke Mandeville, Great Missenden and Great and Little Hampden.
The net income from investments after administration expenses is to be divided 10/11[th] for Stoke Mandeville and 1/22[nd] each for Great Missenden and Great and Little Hampden.
The Trustees consider that the unspent reserves are adequate to guarantee the quality of service given to the community.
The Trustees regularly review the investments of the Charity. The Trustees believe that their investments produce sufficient income for continuing the objectives of the Charity.
Stoke Mandeville and Other Parishes Charity, Year ended 31 Dec 2023
The Trustees acknowledge their responsibility to prepare financial statements each year at the anniversary date 31 December, and to have these statements reviewed by a qualified independent examiner.
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Signed
Mrs B Ezra
(Chairperson) On behalf of the Trustees
Date
Stoke Mandeville and Other Parishes Charity, Year ended 31 Dec 2023
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Independent Accountant’s Report to the Trustees of the Stoke Mandeville and Other Parishes Charity
We report on the accounts for the year ended 31 December 2023 which are set out on pages 5 to 8.
Respective responsibilities of trustees and reporting accountants.
The Charity’s Trustees are responsible for the preparation of the accounts, and they consider an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is our responsibility to:
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examine the accounts under section 145 of the Charities Act
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to follow the procedures laid down in the General Directions given by the Charities Commission under section 145(5)(b) of the Charities Act, and
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to state whether particular matters have come to our attention.
Basis of Examiners Report
Our examination was carried out in accordance with the General Directions given by the Charities Commission. An examination includes a review of the accounting records kept by the Trustees and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present ‘a true and fair view’ and the report is limited to those matters set out in the statement below.
Independent Examiner’s Statement
In connection with our examination, no matter has come to our attention:
1. Which gives us reasonable cause to believe that in any material respect the requirements:
- a. To keep accounting records in accordance with section 130 of the Charities Act, and b. To prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met;
2. To which in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed........................................................................................................................... Date.........................
Stoke Mandeville and Other Parishes Charity, Year ended 31 Dec 2023
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Statement of financial activities for the year ended 31 December 2023
| Note Incoming resources Investment income 2 Bank interest received Rent from land Other income Outgoing resources Grants approved: 6 Stoke Mandeville Great Missenden Great and Little Hampden Administration costs 3 Net incoming / (outgoing) resources Proft on sale of investment Total funds brought forward Total funds carried forward |
2023 £ 117,103 - 750 - 117,853 58,049 2,500 10,680 71,229 10,868 82,097 35,756 - 1,922,362 1,958,118 |
2022 £ 104,054 - 750 - |
|---|---|---|
| 104,804 | ||
| 70,606 955 2,370 |
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| 73,931 10,276 |
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| 84,207 | ||
| 20,597 - 1,901,765 |
||
| 1,922,362 |
Stoke Mandeville and Other Parishes Charity, Year ended 31 Dec 2023
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| Balance sheet as at 31 December 2023 Note 2023 £ Investments Investments at cost 1,823,449 (market value at 31 December 2023: £2,793,867 2022: £2,733,202) 5 Current assets Bank balances: TSB 82,039 Cater Allen 80,490 162,529 Current liabilities Grants still to be paid 27,860 Net current assets 134,669 Total net assets 1,958,118 Represented by: General fund 1,958,118 |
2022 £ 1,823,449 92,302 21,146 |
|---|---|
| 113,448 | |
| 14,535 | |
| 98,913 | |
| 1,922,362 | |
| 1,922,362 |
Stoke Mandeville and Other Parishes Charity, Year ended 31 Dec 2023
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Notes to the accounts
1. Accounting policy
The accounts have been prepared under the historic cost convention and in accordance with applicable accounting standards.
2. Investment income
| M&G Investments Schroders Black Rock 1 Black Rock 2 Brewin Dolphin Investments AJ Bell Securities |
2023 £ 34,278 - 3,146 28,553 22,016 29,110 117,103 |
2022 £ 33,275 3,085 3,146 27,503 22,402 14,643 104,054 |
|---|---|---|
3. Administrative expenses
| Administration Bank charges Printing, postage, stationery Professional & Accounting fees Sundries |
2023 £ 8,740 - 810 1,236 82 10,868 |
2022 £ 8,043 - 657 1,420 156 |
|---|---|---|
| 10,276 |
4. Trustees remuneration and expenses
No remuneration or expenses were paid directly or indirectly out of the funds of the Charity to any Trustee.
Stoke Mandeville and Other Parishes Charity, Year ended 31 Dec 2023
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5. Investments
The market value of investments at 31 December 2023 was:
| M&G Charifund Black Rock 1 Black Rock 2 Brewin Dolphin Investments AJ Bell Securities |
2023 £ 575,296 77,790 859,494 567,559 713,728 2,793,867 |
2022 £ 589,139 76,526 814,601 544,642 708,294 |
|---|---|---|
| 2,733,202 |
6. Grants allocated for the year ended 31 December 2023
| Educational grants Christmas grants Parish Council Parish Magazine Lifeline alarms Local schools, clubs & organisations Senior railcards Trips & outings Other grants |
Stoke Mandeville Great Missenden Great and Little Hampden Total £ £ £ £ 17,400 0 350 17,750 9,300 0 480 9,780 10,000 0 0 10,000 0 0 500 500 10,000 0 0 10,000 3,106 2,500 9,350 14,956 3,722 0 0 3,722 3,171 0 0 3,171 1,350 0 0 1,350 |
|---|---|
| 58,049 2,500 10,680 71,229 |