Charity Registration No. 311128
THE ROBERT SMITH TRUST
(BRANCASTER EDUCATIONAL AND ALMSHOUSE CHARITY)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

THE ROBERT SMITH TRUST
(BRANCASTER EDUCATIONAL AND ALMSHOUSE CHARITY)
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
C Soulherland
A Townshend
C Mitchell
G Bocking
E Gould
B Welsh
Nominee
J Gould
Charity number
311128
Principal address
The Brancaster Educational and Almshouse Charity
The Clerk
Brelte Cotlage
Cross Lane
Brancasler
Norfolk
PE318AE
Independent Examlner
Mapus-smilh & Lemmon LLP
48 King Street
King's Lynn
Norfolk
PE30 1HE

THE ROBERT SMITH TRUST
{BRANCASTER EDUCATIONAL AND ALMSHOUSE CHARITY)
CONTENTS
Page
Trustee Report
Independent Examiners Report
Receipts & Payments
Liabilities
Assets & Investments held by the Charity
Reserve Statement

THE ROBERT SMITH TRUST
(BRANCASTER EDUCATIONAL AND ALMSHOUSE CHARITY)
TRUSTEE REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees present their report and financial statements for the year ended 31 December 2024.
The financial statements have been prepared in accordance with the accounting policies sel out in note to the
financial statements and comply the charity's governing document, the Companies Act 2006 "Accounting and
Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)"{as
amended for accounting periods commencing from 1 January 20161
Objectives and activitles, 2024
Objectives. The maintenance, management and upgrading ofAlmshouses and providing benefits relating to the
Residents. Financial assistance to enhance educational experience of children within the named parishes.
Maintenance of School Farm.
Achievements and performance
Almshouses. New dimplex night storage healers were fitted In cottages 2 and 3 to enhance thelr EPC
ratings. The old healers were sold on eBay cutting the cost of the new healers. Electrical remedials
were carried out in cottages 1 and 2 and the heal pumps and pump station were serviced. Coltage 2
had the bathroom redecorated. Fire blankets were issued to each cotlage kitchen.
The weekly maintenance charges were raised by 5/0 on the 1st May, 2024.
2. School Farm. Outline planning permission was applied for and granted for a Ilmber framed one and a
half story collage. The original building had the asbestos removed and was then demolished. Further
asbestos was removed from the cart shed. A report frorn a structural surveyor was obtained with a vlew
to repairing the chalk barn.
3. Educatlon. No financial assistance has been given to the School as D.N.E.A.T. threatened to close the
School at Christmas. 11 now appears that il will remain open until the end of the 202412025 academic
year. The trust gol no report from the head teacher regarding the reading project they supported or the
rnusic leaching at the school. Due to the heavy work going on al the farm il was not possible to hold the
annual school picnic in the summer.
The Trustees are aware that the original scheme will require amending should the school close at the
end of July.

THE ROBERT SMITH TRUST
(BRANCASTER EDUCATIONAL AND ALMSHOUSE CHARITY)
TRUSTEE REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
Financial review
The Reserves Policy slates.. The Trustees consider that sufficient funds should be retained in liquid form lo
meet short term liabilities and any possible shortfall in income. Cash and deposlts at the year end should
normally equate to at least six months, expenditure.
The general reserves held at the year end lotaled £39,100 {2023 - £68,585). The charity held assets and
investments valued at £1,848.315 as al 31 December 2024 (2023- £1,873,765).
Structure, governance and management
The Scherlle allows for seven Trustees.. The Benefice has been enlarged by the Church of England to include
eight parishes. In addition, there are three Co-oplative Trustees and three Nominated Trustees. One Nominated
Trustee {an Educalionalisl) is and has been approved by Norfolk County Council. The three Co-oplative Trustees
are appointed by the Trustees. Nominations are considered by the Trustees and the Chairman announces the
result. Following the resignation of the Rev. Kirsty Allan there is a vacancy awaiting the appointment of her
successor lo the Benefice.
The Chairman who is elecledlre-elected each year leads the organizalional structure. The Clerk to the Trustees
is appointed by the Trustees and is the only person receiving remuneration. All decisions Including those
delegated lo an individual are taken by all Trustees at a meeting.
Llst truslees
Mr C Soulherland
Mr A Townshend
Mr B Everitl (passed away 0110212024)
Mr C Mitchell
Mr E Gould
Mr B Welsh (appointed 1210212024)
Mr G Bocking
The Iruslees, report was approved by the Board of Trustees.
C Southerland
Trustee
Oated:
i. 101

THE ROBERT SMITH TRUST
(BRANCASTER EDUCATIONAL AND ALMSHOUSE CHARITY)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
I report to the trustees on my examination of the financial statements of The Brancasler Educational and
Almshouse Charity (the charity} for the year ended 31 December 2024.
Responsibilities and basis of report
As the trustees of the charity {and also its directors for the purposes of company law) you are responsible for the
preparation of the financial slatemenls in accordance with the requirements of the Companies Act 2006 (the
2006 Act).
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16
of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's
financial slalemenls carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my
examination I have followed all the applicable Directions given by the Charity Commission under section
145151(bl of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my altenlion in connection with the
examination giving me cause lo believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act., or
the financial statements do not accord with those records., or
the financial statements do not comply with the accoLtnting requirements of section 396 of the 2006 Act
other than any requirement that the accounts give a true and fair view which is not a matter considered as
parl of an independent examination., or
the financial statements have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland {FRS 1021.
I have no concerns and have come across no olher 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 statements to be reached.
Mrs Sharon Edwards, F.C.A.
Mapus-smilh & Lemmon LLP
48 King Street
King's Lynn
Norfolk
PE30 1HE
Dated.. .0..?..
¢/L

THE ROBERT SMITH TRUST
(BRANCASTER EDUCATIONAL AND ALMSHOUSE CHARITY)
RECEIPTS AND PAYMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Maintenance Charges
Farm Rent & Shooting Rights
Gas Contribution
Bank Interest
Investment Income
Grants
Other income
20,757
12,180
20,092
12,180
653
3,562
290
3,425
2,000
300
37,452
37,987
TOTAL RECEIPTS
GENERAL
Professional Fees
Farm Insuranc&
Farm Malnten8nce
Architect's Fees
Secretarial- Expenses & Honorarium
Bank Charges
2,936
1,409
31,490
2,172
1,650
900
1,100
1,150
39,657
3,150
EDUCATIONAL
5,600
ALMSHOUSES
Insurance
Gas & Electricity
NAA Subscriptions
Gardener
Rates & Water Rales
TV Licence
Maintenance- General
1,090
{6111
267
664
1,073
735
153
623
1,042
14,297
16,780
12,864
56,437
21,614
10,500
Almshouse loan repayments
TOTAL PAYMENTS
10,500

THE ROBERT SMITH TRUST
{BRANCASTER EDUCATIONAL AND ALMSHOUSE CHARITY)
RECEIPTS AND PAYMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
GENERAL
Farm Rent & Shooting Rights
Investment Income
Bank Interest
Grants
Other income
12,180
3,562
653
12,180
3,425
290
2,000
300
TOTAL RECEIPTS
16,695
17,895
Professlonal Fees
Farm Insurance
Farm Maintenance
Architects Fees
Secretarial - Honorarium
Secretarial- Expenses
TOTAL PAYMENTS
2,936
1,409
31,490
2,172
900
1,100
1,650
1,150
(39,657)
{3,150)
Balance
122,962)
14,745
Appropriation of above income in accordance with Section 25 (1) of the Charity Comrnission Scheme
22n¢ November 1982.
EDUCATIONAL
Nel Balance {-22,962} x 51 /,
DNEAT- School Reading Project
Brancasler PFA school picnic
St Mary Federation books
Total Expenditure
(11,711)
7,520
5,400
200
15,6001
Balance
{11,711)
1,920
ALMSHOUSES
Nel Balance (-22,962) x 49010
Maintenance Charges
Gas Contribution
111,2511
20,757
7,225
20,092
Total Receipts
Insurance
Rent & Electricity Refunds
Gas & Electricity
NAA Subscriptions
Gardener
Rates & Water Rates
TV Licence
Maintenance- General
9,506
27,317
1,090
735
(611}
267
664
1,073
153
23
1.042
14,297
10,303
Total Expenditure
116,780)
(12,8641
Balance
17,274)
14,453

THE ROBERT SMITH TRUST
(BRANCASTER EDUCATIONAL AND ALMSHOUSE CHARITY)
RECEIPTS AND PAYMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ALMSHOUSE CONSTRUCTION
From Alsmhouse Assoc
Parish Council Grant
Total Receipts
Construction Costs
Architects Fees
Loan repayments
10,500
10,500
Total Expenditure
{10,500}
{10,500)
Balance
(10,5001
{10,500)

THE ROBERT SMITH TRUST
(BRANCASTER EDUCATIONAL AND ALMSHOUSE CHARITY)
LIABILITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Almshouse Construction Loan
Loan Negolialed brought forward as al 01.01.24
Repayments
73,500
(10,500)
Total loan owing as al 31.12.24
63,000
Loan
Arrangement Fee
100,000
5,000
105,000
Loan Negotiated
Drawdown- yle 31.12.19
Drawdown- yle 31.12.20
100,000
(92,0841
{7,9161
Total loan available
Loan to be repaid at £5,250 x 2 per annum
Over 10 years

THE ROBERT SMITH TRUST
(BRANCASTER EDUCATIONAL AND ALMSHOUSE CHARITY)
ASSETS AND INVESTMENTS HELD
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
71 Acres of Farmland
Almshouses11-2-31
Almshouses14-51
875,000.00
665,000.00
128,830.00
(3) 875,000.00
15} 665,000.00
1111 128,830.00
(3)
(5}
1,668,830.00
1,668,830.00 (111
INVESTMENTS HELD IN TRUST
Extraordinary Repair Fund
1,357.555 Charishare Inveslmenl Fund
36,988.70 36.988.70 113) 34,784.76
34,784.76 {12)
Special Range
9,080.000 Charinco Distribution Units
6,796.910 Charishare Distrlbution Units
9,459 Chaiinco Accumulation Units
27.028 Charishare Accumulation Units
12,896.12
{131 13,501.43
51,008.63
{13) 49,641.12
436.84
(13)
438.78
736.42 65,078.01 (13}
692.54
(121
{12)
(12)
64,273.87 (12}
Expendable Funds
5,105.948 Charishare Distribution Units
38,318.51
38,318.51 (13) 37,291.21
37.291.21 (12)
1,809,215.22
1,805,179.84
BANK ACCOUNTS
Barclays Premium
Barclays
24,099.96
15,000.07
32,084.60
36,500.21
39,100.03
68,584.81
1848,315.25
1873,764.65
NOTES
31 Professional revaluation 0812016
51 Professional revaluation 0912018
11) Construction of 2 additional
12) Bid value as al 31.12.23
13) Bid value as at 31.12.24

THE ROBERT SMITH TRUST
(BRANCASTER EDUCATIONAL AND ALMSHOUSE CHARITY)
RESERVE STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Reserves at 01.01.24
Barclays
Barclays Premium
Reserves at 01.01.23
Barclays
Barclays Premium
36,500
32,085
34,342
28,370
68,585
62,712
Movement during the year
Educational
Almshouses
Construction
Movement during the year
Educational
Almshouses
Construction
111,266)
{7,719}
(10,500}
1,920
14,453
(10,500}
129,485)
5,873
Reserves al 31.12.24
Barclays
Barclays Premium
Reserves at 31.12.24
Barclays
Barclays Premium
15,000
24,100
36,500
32,085
39,100
68,585
Trustees
None of the Irustees (or any persons connected with them} received any remuneration or paid any expenses
during the year.