The Stow Allen Trust Registered Charity 326627 . 39 Pasture Road, Letchworth, Hertfordshire. Trustees Report Year ended 5 April 2023 Objects , The Stow Allen Trust was constituted by Deed of Trust in 1981. file principal object ', of the charity is the advancement of religion which in the opinion of the Trustee5 has an l evangelical basis. ' Trustees The Trustees during the period from 6 April 2022 to date were lunle55 Otherwise ststed 8.V.Palmer Mrs R.Palmer R.B.Palmer Mrs S.J.McQueen ,' Review of the year The Trustees continued to receive applications for grant5 which were appropriately evaluated. They a150 continued their policy of supporting certain evangelical Missionary Societies. The total of charitable g¢fts was £48804 The Trustees confirm that they have complied with the duty in Section 17151 of the Charities Act 2011 with regard to the guidance on the public benefit published by the Charity Commission when reviewing the Trustees, aims and objectives and setting the grant making policy for the year. Investments The investrnents were managed by St James Place Wealth Management, 3 Moorgate Place, London EC2R 6EA, on a totsl return basis. The increase in market value for the year is Set out in note 4 to these accounts. Bankers The Trust maintains banking facilitie5 With Lloyds TSB, Lymington Branch. Risk Assessment The Trustees regularly review the risks to which the Charity might be exposed. and recommend action to Mitigate these.
The Stow Allen Trust Registered Charity 326627- 39 Pasture Road, Letchworth. Hertford5hire. Trustees Report Icontfnuedl Year ended 5 April 2023 Trustees Responslbilitfes The Trustees are responsible for preparin8 the Trustees, Annual Report and the flnancial statements in accordante with applicable law and the United Kin8dom ACcounn£ Stsndards Iunited Kingdom Generally Accepted Accounting Practicel. The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incomin8 resources and application of resources ot- the Charity for that period. In preparing these financlal statements, the Trustees are required to: select suitable accounting polities and then apply them ¢onsiStently,' observe the methods and prinoples in the Charities-SORP-2019 IFRS 1"02},. make judgements and estimates that are reasonable and prudent,- state whether the accounting standards have been followed, subject to any , material departures disclosed and explained in the financial statements,. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Art 2011, 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 tsking reasonable steps for the prevention and detection of fraud and other irregular activlties. This report was agreed bytheTrustees on 26January 2024 and signed on behalf of the Board of Trustees B V Palmer B V Palmer Trustee
The Stow Allen Trust "Registered charity 326627 Statement of Financial Athvities Year ended 5 April 2023 Note 2022 Incoming F¢esOurS Donations 20.502 22,625 Investment income 3.058 incoming resources £26,917 Expenditure Direit Charitsble Expenditure Grants 48.804 45.214 Governance costs Fundraising costs Totsl Expenditure £53.556 E54,930 Net incoming resources {26,6391 Decreaselincrease in Market Value of Investm {9,997[ Net movement in The year £117,4771- £139,24iSl, Funds at 6 April 2022 £1,166,990 £1.206.234, Funds at 5 April 2023 £1.149,513 £1,166,990
1 The Stow Allen Trust - Registered Charity 326627 -Balance Stheet at 5 April-2023 2023 2022 Investments 1.117,172,, 1,131,347 Current Assets 20,0001 . Debtors . amounts due within one year , Income Tax recoverable Bank 4,100 32,3 | Less Current Lialiilities Creditors '. amounts due within one year Net Current Assets 32,341 Net Assets, £1,149.513 £1.166,990 Representing Capital Fund Balance £1,149.513 | £1-,1-66,990 The notes on pages 5 and 6 form an integral part of these accounts. The accounts were agreed by the Trustees on 26 january 2024 and signed on their behalf by B V Palmer R Palmer
The Stow Allen Trust Nots8 to thè FmarKial Stat lo Il• UK the (FRs111{ 2 Tamlxm 3 Ass8ts 1.131.347 1.1fJ.lJ)2 416 254175 13.752) rth.tt3> 9.161 {9,W) £1,117,172 É1,131,347
The Stow Allen TrLtst Registered Charity 326627- Note5 to the Financial Statements jcontlnuedl Year ended 5 April 2023 4 Loan The loan 15 to Christchurch 8aldock. It is repayable by 2027 adjusted for any increase in the value of the property purchased wf(h the help of the loan. 5 Grants payable 2023, 2022 The following grants were made during the year . Grace Church Hacknev Christchurch Baldock | United Fields Mission '. Emmanuel ' Christchurch Balham UCCF OMF Christian Medical Fellowship Stewardship International Fellowship Friends International i Titus Trust Faith in Kids Illyrian Gospel Trust Operation Mobilisation Langham Partnership 612022-.51 grants under £1,000 15.354 7,350 5,000 2,250 2,000 1,600 1.260 1.000, 1,000 1,000 1,000 1,000 1,000 500 500 3,250 £48,804 1,000 1.000 1,000 1,000 1,500 2,750 £45,214 6 Governance Costs Solicitors, Fees Bank charges £0 £0 7 Fundraising costs Investment Management Charges 4,752 9,716 £4,752 £9,716 8 Transactions with Trustees No remuneration or expenses have been paid to the Trustees.
(HARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trustees J rTrJ ALLed Trv IT On accounts for the year ended Chaiity no {rf any) J1L ZoL3 Set out on pages I report to the trustees on my examination of the xcounts of the above charity (Ihe TNsn for the year erKled , 40 Afnl ioL7 As the thariws trustees, Y are resp(xisible for the preparation of the aCCnts in act0rd¥j with the requirements of the Charities Aca 2011 rthe Acn. Responsibilities and basis of report l pOrt in Tespect of my examination of the Twsfs accounts (2rried out urrfjer section 145 of tt)e 2011 Art and in carrying out my examination, I have follofd all the applicable 're¢l)n$ given by the Chaiity Commission under Sec1K 145(5)(b) of Ihe A Independent rrhe cknnWs gross i examineVs statement urKlertake the examinati applic2ble listed botyJ]. e exceeded £250, by being a qualtf te [ ] rfnotappl. d l am qualifi to memberof [Insert name of ble. I have completed my examination. I confirm that no material mattets have come to my attention in con11 the examinatTh (other than that disdosed bekN4") vthith gives me cause to telieve that in. any material resped". the aco)untiTrJ records were rt kept in aco3rdance with setxion 130 of thè Charities Act; or the actounts did not accord viith the accounttng records" or the accolmts did not compty with the applica)le uIreMents cOnMir the fonn and content of accounts set (xrt in the Charitiès (Accounts and ReKx)rts) Regulab'¢)ns 2QJ8 other than any requirement that the ac)Unts give a Ynje faif view vthich is not a matter conshjered as part of an indepeTrJent examination. I have no c(M)cems arKI have xross no olher matters in connection the examinatKJn to attlIc shoJld be this rew in order to enable a proper WKJerstanding of th8 accxxx)ts to be reached. . Please delete the wonls in the brnckets rf they d) rnt apply. Signed: Date: LS. ISL4 Naff: Pojlrtr Relevant professional qualification{s) or body IER Oct 2018