Stow Allen Trust
(Registered Charity No 326627)
Annual Report and Financial Statements Year ended 5 April 2025
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The Stow Allen Trust
Registered Charity 326627 39 Pasture Road, Letchworth, Hertfordshire.
Trustees Report
Year ended 5 April 2025
Objects
The Stow Allen Trust was constituted by Deed of Trust in 1981. The principal object of the charity is the advancement of religion which in the opinion of the Trustees has an evangelical basis.
Trustees
The Trustees during the period from 6 April 2025 to date were (unless otherwise stated)
B.V.Palmer
Mrs K.R.Palmer
R.B.Palmer
Mrs S.J.McQueen
Review of the year
The Trustees continued to receive applications for grants which were appropriately evaluated. They also continued their policy of supporting certain evangelistic Missionary Societies. The total of charitable gifts was £52,163.
The Trustees confirm that they have complied with the duty in Section 17 (5) 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 investments were managed by St James Place Wealth Management, 3 Moorgate Place, London EC2R 6EA, ona total return basis. The increase in market value for the year is set out in note 3 to these accounts.
Bankers
The Trust maintains banking facilities 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.
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The Stow Allen Trust
Registered Charity 326627
39 Pasture Road, Letchworth, Hertfordshire.
Trustees Report (continued)
Year ended 5 April 2025
Trustees Responsibilities
The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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 incoming resources and application of resources of the Charity for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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- observe the methods and principles in the Charities SORP 2019 (FRS 102); . 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;
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- 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 Act 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 taking reasonable steps for the prevention and detection of fraud and other irregular activities.
This report was agreed by the Trustees on 28 January 2026 and signed on behalf of the Board of Trustees
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B V Palmer OX,
‘ VA GAR HT
K Palmer ly 4.
Trustee ae
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The Stow Allen Trust
Registered charity 326627
Statement of Financial Activities Year ended 5 April 2025
| Note | 2025 | 2024 | |
|---|---|---|---|
| £ | £ | ||
| Unrestricted | Unrestricted | ||
| Incoming resources | |||
| Donations | 16,743 | 15,898 | |
| Investment income | 16,967 | 11,754 | |
| Profit on loan | 0 | 15,596 | |
| Total Incoming Resources | £33,710 | £43,248 | |
| Expenditure | |||
| Direct Charitable Expenditure | |||
| Grants | 4 | 52,163 | 49,204 |
| Governance costs | 5 | 300 | 0 |
| Fundraising costs | 6 | 13,590 | 16,062 |
| Total Expenditure | £66,053 | £65,266 | |
| Net incoming resources | (32,343) | (22,018) | |
| Decrease/Increase in MarketValue of Investments | 3 | (3,043) | 199,223 |
| Net movement in funds forthe year | £(35,386) | £177,205 | |
| Funds at 6 April 2024 | £1,326,718 | £1,149,513 | |
| Fundsat5April2025 | £1,291,332 | £1,326,718 |
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The Stow Allen Trust
Registered Charity 326627
Balance Sheet at 5 April 2025
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Notes 2025 2024
£ £ £ £
Investments 3 1,297,421 1,287,087
Current Assets
Debtors : amounts due within one year 0 1,500
Income Tax recoverable 2,790 3,179
Bank 1,421 34,952
4,211 39,631
Less Current Liabilities
Creditors : amounts due within one year 10,300 0
Net Current Assets (6,089) 39,631
Net Assets £1,291 ,332 £1,326,718
Representing
Capital Fund Balance £1,291 ,332 £1,326,718
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The notes on pages 6, 7 and 8 form an integral part of these accounts.
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The accounts were agreed by the Trustees on 28 January 2026 and signed on their behalf by
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B V Palmer a
\s Pisin: ial
R Palmer iN)
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The Stow Allen Trust Registered Charity 326627
Notes to the Financial Statements
Year ended 5 April 2025
1 Accounting Policies
Accounting convention
The accounts have been prepared in accordance with the Charity's governing document, Charities Act 2011 and "Accounting and reporting by charities:Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable to the UK and the Republic of Ireland (FRS102) (as amended for accounting periods commencing from 1 January 2016. The Charity is a public benefit entity as defined by FRS 102.
The Charity has taken advantage of the provisions in the SORP for Charities applying FRS 102 Update Bulletin 1 not to prepare a statement of cashflows.
The accounts have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the Statement of Recommended Practice which is referred to in the Regulations but which has been withdrawn.
The accounts are prepared in Sterling which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared on a going concern basis under the historical cost convention. The principal accounting policies adopted are set out below.
Investment Income and Donations.
Investment Income and Donations are credited to the statement of financial activities when received. Tax on Gift Aid donations is recognised when receivable.
Donations payable
Grants and donations payable are taken into account when authorised by the Trustees.
Liabilities
Liabilities are included in the accounts as soon as recognised.
Investments
Under the terms of the Trust Deed, the Trustees can capitalise income and can spend capital. No distinction is therefore made between income and capital.
The Funds are invested in Unit Trusts on a total return basis and management charges are taken into account in the market value of the units. Investments are included in the financial statements at market value.
Charitable activities
Charitable activities consist of grants payable.
2 Taxation
The Trust is a registered charity and is not liable for corporation tax.
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The Stow Allen Trust Registered Charity 326627
Notes to the Financial Statements (continued) Year ended 5 April 2025
| 3 Fixed Assets | ||
|---|---|---|
| Investments - St James’ Place UnitTrusts | ||
| 2025 | 2024 | |
| £ | £ | |
| Market value at6 April 2024 | 1,287,087 | 1,117,172 |
| Additions | 51,967 | |
| Disposals | (38,590) | (25,000) |
| Increase/(Decrease) in marketvalue | (3,043) | 194,915 |
| Market value at 5 April 2025 | £1,297,421 | £1,287,087 |
| Historic Cost | £865,686 | £855,686 |
| 4 Grants payable | ||
| The following grantswere made during the year: | ||
| 2025 | 2024 | |
| £ | £ | |
| Grace Church Hackney Trust | 11,303 | 10,344 |
| United For Mission Worldwide | 7,000 | 7,500 |
| Christchurch Baldock | 7,000 | 7,000 |
| Emmanuel Marlborough | 2,000 | 2,000 |
| Christchurch Balham | 3,000 | 3,000 |
| UCCF | 2,000 | 2,000 |
| Dundonald Church | 2,000 | 2,000 |
| OMF | 1,600 | 1,600 |
| Illyrian Gospel Trust | 1,500 | 1,500 |
| Faith in Kids | 4,000 | 1,500 |
| Christian Medical Fellowship | 1,260 | 1,260 |
| Stewardship | 1,000 | 1,000 |
| International Fellowship | 1,000 | 1,000 |
| "Friends International | 1,000 | 1,000 |
| TitusTrust | 1,000 | 1,000 |
| Trinity Church Sunderland | 1,000 | 1,000 |
| Sudan Interior Mission | 1,000 | 1,000 |
| 7 (2024 7) grants under£1,000 | 3,500 | 3,500 |
| £52,163 | £49,204 |
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The Stow Allen Trust
Registered Charity 326627
Notes to the Financial Statements (continued) Year ended 5 April 2025
5 Governance Costs
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2025 2024
£ £
Solicitors' Fees 0 0
Acountant's Fees 300 0
£300 £0
6 Fundraising costs
2025 2024
fe £
Investment Management Charges 13,590 16,062
£13,590 £16,062
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7 Transactions with Trustees No remuneration or expenses have been paid to the Trustees.
E/ CHARITY COMMISSION| FOR ENGLAND AND WALES
Independent examiner's report on the accounts
Section A
Independent Examiner’s Report
Report to the trustees/ | The Stow Allen Trust members of
On accounts for the year | 05/04/2025 ended
Charity no | 326627 (if any)
| report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 05/04/2025.
- Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
| report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, | have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent | have completed my examination. | confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
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e accounting records were not kept in accordance with section 130 of the Act or
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e the accounts do not accord with the accounting records
| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
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Name: | Adeel Sahi
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Relevant professional |[ACCA] qualification(s) or body (if any):
Address: | Bowdon Accounting Services
Bartle House, Oxford Court,
Manchester M2 3WQ
IER
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October 2018