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2023-03-31-accounts
| Report of the Trustees |
1 to 3 |
| Independent Examiner's Report to the Trustees |
4 |
| Statement of Financial Activities |
5 |
| Statement of Financial Position |
6 |
| Notes to the Financial Statements |
7 to 15 |
|
|
Notes |
Unrestricted |
Restricted |
2023 |
2022 |
|
|
|
funds |
funds |
|
|
| Income and endowments |
from: |
|
|
|
|
|
| Donations and legacies |
|
2 |
32,711 |
5,493 |
38,204 |
37,137 |
| Charitableactivities |
|
3 |
64,627 |
|
64,627 |
16,783 |
| Other trading activites |
|
4 |
3,489 |
527 |
4,016 |
4,522 |
| Investments |
|
5 |
625 |
5 |
630 |
538 |
| Otherincome |
|
6 |
7,058 |
|
7,058 |
1 ,395 |
| Total |
|
|
108,510 |
6,025 |
114,535 |
60,375 |
| Expenditure on: |
|
|
|
|
|
|
| Raising funds |
|
7 |
(8,034) |
(4,195) |
(12,229) |
(16,257) |
| Charitableactivities |
|
8/9 |
(105,994) |
|
(105,994) |
(59,098) |
| Other expenditure |
|
|
(8,627) |
|
(8,627) |
(13,492) |
| Total |
|
|
(122,655) |
(4,195) |
(126,850) |
(88,847) |
| Net gains/(losses) oninvestments |
|
|
(1 ,933) |
|
(1 ,933) |
(1 ,251) |
| Transfers between funds |
|
|
14,725 |
(14,726) |
(1) |
|
| Otherrecognised gains/losses |
|
|
|
|
|
|
| Net movement in funds |
|
|
(1 ,353) |
(12,896) |
(14,249) |
(29,723) |
| Reconciliation offunds |
|
|
|
|
|
|
| Total funds brought forward |
|
|
475,424 |
38,687 |
514,111 |
543,833 |
| Total funds carried forward |
|
|
474,071 |
25,791 |
499,862 |
514,110 |
|
Notes |
2023 |
2022 |
| Fixed assets |
|
|
|
| Tangible assets |
13 |
404,976 |
377,084 |
| Investments |
14/15 |
26,969 |
28,903 |
|
|
431,945 |
405,987 |
| Current assets |
|
|
|
| Stocks |
16 |
1 ,092 |
1 ,680 |
| Debtors |
17 |
5,745 |
5,648 |
| Cash at bank and in hand |
|
87,982 |
120,292 |
|
|
94,819 |
127,620 |
| Creditors: amounts falling due within one year |
18 |
(26,901) |
(19,497) |
| Net current assets |
|
67,918 |
108,123 |
| Total assets less current liabilities |
|
499,863 |
514,110 |
| Net assets |
|
499,863 |
514,110 |
| The funds ofthe charity |
|
|
|
| Restricted income funds |
19 |
25,791 |
38,687 |
| Unrestricted income funds |
19 |
474,071 |
475,423 |
| Total funds |
|
499,862 |
514,110 |
| ncome from donations and legacies |
|
|
|
|
|
Unrestricted |
Restricted |
2023 |
2022 |
|
funds |
funds |
|
|
| Donations received |
39 |
1,727 |
1,766 |
6,540 |
| Subscriptions received |
32,672 |
3,766 |
36,438 |
30,597 |
|
32,711 |
5,493 |
38,204 |
37,137 |
| ncome from charitableactivities |
|
|
|
2023 |
2022 |
| Unrestrictedfunds |
|
|
| County News |
|
|
| Income from charitable activities |
4,519 |
1 ,827 |
| Council Meetings |
|
|
| Income from charitable activities |
5,073 |
1,780 |
| Sub-Committees |
|
|
| Income from charitable activities |
48,493 |
5,284 |
| General Income |
|
|
| Income from charitable activities |
6,542 |
7,892 |
|
64,627 |
16,783 |
|
Unrestricted |
Restricted |
2023 |
2022 |
|
funds |
funds |
|
|
| Fund raising events |
|
527 |
527 |
581 |
| Gross trading income |
3,489 |
|
3,489 |
3,941 |
|
3,489 |
527 |
4,016 |
4,522 |
| Unrestricted |
Restricted |
2023 |
2022 |
| funds |
funds |
|
|
| 625 |
5 |
630 |
538 |
| 625 |
5 |
630 |
538 |
| 2023 |
2022 |
| 7,058 |
1 ,395 |
| 7,058 |
1,395 |
| xpenditure on other trading activities |
|
|
|
2023 |
2022 |
| Unrestrictedfunds |
|
|
| Shop costs |
3,762 |
4,140 |
| Support costs |
4,272 |
12,117 |
|
8,034 |
16,257 |
| osts of charitableactivities by fundtype |
|
|
|
2023 |
2022 |
| Unrestrictedfunds |
|
|
| County News |
6,541 |
3,892 |
| Council Meetings |
5,699 |
2,636 |
| Sub-Committees |
32,791 |
2,981 |
| General Income |
4,815 |
5,166 |
| Support costs |
56,148 |
44,423 |
|
105,994 |
59,098 |
| osts ofcharitable activities by activity |
type |
|
|
|
|
Activities |
Support costs |
2023 |
2022 |
|
undertaken |
|
|
|
|
directly |
|
|
|
| Support costs |
|
|
|
|
| County News |
6,541 |
7,428 |
13,969 |
15,280 |
| Council Meetings |
5,699 |
6,471 |
12,170 |
10,352 |
| Sub-Committees |
32,791 |
36,782 |
69,573 |
13,183 |
| General Income |
4,815 |
5,467 |
10,282 |
20,283 |
|
49,846 |
56,148 |
105,994 |
59,098 |
| Analysis ofsupport costs |
|
|
|
|
|
|
Raising funds |
County News |
Council |
Sub-Committe |
General |
|
|
|
Meetings |
|
Income |
| Premises expenses |
494 |
859 |
748 |
4,254 |
633 |
| Trustee expenses |
34 |
60 |
52 |
295 |
43 |
| Office,computer and |
802 |
1 ,394 |
1,214 |
6,900 |
1 ,026 |
| equipment expenses |
|
|
|
|
|
| Bank charges |
117 |
203 |
177 |
1 ,006 |
150 |
| Staff salaries |
2,198 |
3,822 |
3,330 |
18,926 |
2,813 |
| Depreciation |
627 |
1 ,090 |
950 |
5,401 |
802 |
|
4,272 |
7,428 |
6,471 |
36,782 |
5,467 |
| Analysis ofsupportcosts |
|
|
|
|
|
2023 |
|
2022 |
|
| Premises expenses |
6,988 |
|
7 |
,464 |
| Trustee expenses |
|
484 |
|
630 |
| Office, computer and |
1 1 |
,336 |
14,777 |
|
| equipment expenses |
|
|
|
|
| Bank charges |
1 |
,653 |
1 |
,245 |
| Staff salaries |
31 |
,089 |
24,778 |
|
| Depreciation |
8,870 |
|
7 |
,646 |
|
60,420 |
|
56,540 |
|
| Comparative for the Statement ofFinancial Activities |
|
|
|
|
Unrestricted |
Restricted |
2022 |
|
funds |
funds |
|
| Income and endowments from: |
|
|
|
| Donations and legacies |
30,731 |
6,406 |
37,137 |
| Charitableactivities |
16,783 |
|
16,783 |
| Other trading activites |
3,941 |
581 |
4,522 |
| Investments |
533 |
5 |
538 |
| Other income |
1 ,395 |
|
1 ,395 |
| Total |
53,383 |
6,992 |
60,375 |
| Expenditure on: |
|
|
|
| Raising funds |
(16,257) |
|
(16,257) |
| Charitableactivities |
(59,098) |
|
(59,098) |
| Other expenditure |
(13,492) |
|
(13,492) |
| Total |
(88,847) |
|
(88,847) |
| Net gains/(losses) on investments |
(1 ,251) |
|
(1 ,251) |
| Other recognisedgains/losses |
|
|
|
Net movement
in funds |
(36,715) |
6,992 |
(29,723) |
| Reconciliation of funds |
|
|
|
| Total funds broughtfotward |
512,138 |
31,695 |
543,833 |
| Total funds carried forward |
475,423 |
38,687 |
514,110 |
|
Land and |
Fixtures and |
|
| Cost orvaluation |
buildings |
fittings |
Total |
| At 01 April 2022 |
386,771 |
27,059 |
413,830 |
| Additions |
37,193 |
244 |
37,437 |
| At 31 March 2023 |
423,964 |
27,303 |
451 ,267 |
| Depreciation |
|
|
|
| At 01 April 2022 |
14,771 |
21,976 |
36,747 |
| Charge for year |
8,478 |
1 ,066 |
9,544 |
| At 31 March 2023 |
23,249 |
23,042 |
46,291 |
| Net bookvalues |
|
|
|
| At 31 March 2023 |
400,715 |
4,261 |
404,976 |
| At 31 March 2022 |
372,000 |
5,083 |
377,083 |
| Analysis of movement ofcommercial investments |
|
|
Listed |
|
investments |
| Market value at 01 April |
28,902 |
| 2022 |
|
| Net gain/(loss) on |
(1 ,933) |
| revaluation |
|
| Market value at 31 |
26,969 |
| March 2023 |
|
| Analysis ofinvestments between funds as atyearended 31 |
March 2023 |
|
|
2023 |
2022 |
| Unrestrictedfunds |
|
|
| Listed investments |
26,969 |
28,903 |
|
26,969 |
28,903 |
| 2023 |
2022 |
| 1 ,092 |
1 ,680 |
| 1,092 |
1,680 |
|
2023 |
2022 |
| Amounts due within one year: |
|
|
| Prepayments and accrued income |
5,745 |
5,648 |
|
5,745 |
5,648 |
| Creditors: amounts falling due within one year |
|
|
|
2023 |
2022 |
| Trade creditors |
2,490 |
720 |
| Other creditors |
22,251 |
16,777 |
| Accruals and deferredincome |
2, 160 |
2,000 |
|
26,901 |
19,497 |
| Unrestricted Funds |
|
|
|
|
|
|
|
Balance at |
Incoming |
Outgoing |
Transfers |
Gains and |
Balance at |
|
0110412022 |
resources |
resources |
|
losses |
31/03/2023 |
| General |
|
|
|
|
|
|
| Pre Incorporation |
(146,493) |
|
|
|
|
(146,493) |
| General |
|
|
|
|
|
|
| General Fund |
328,930 |
108,510 |
(122,655) |
14, 725 |
(1 ,933) |
327,578 |
|
475,424 |
108,510 |
(122,655) |
14,725 |
(1 ,933) |
474,071 |
Unrestricted Funds
- P |
revious year |
|
|
|
|
|
|
Balance at |
Incoming |
Outgoing |
Transfers |
Gains and |
Balance at |
|
01/04/2021 |
resources |
resources |
|
losses |
31/03/2022 |
| Genera/ |
|
|
|
|
|
|
| Pre Incorporation |
146,493 |
|
|
|
|
146,493 |
| General |
|
|
|
|
|
|
| General Fund |
365,645 |
53,383 |
(88,847) |
|
(1,251) |
328,930 |
|
512,138 |
53,383 |
(88,847) |
|
(1 ,251) |
475,423 |
| RestrictedFunds |
|
|
|
|
|
|
|
|
|
Balance at |
Incoming |
|
Outgoing |
Transfers |
Balance at |
|
|
01/04/2022 |
resources |
|
resources |
|
31/03/2023 |
| "Somerset" Room |
|
580 |
|
|
|
(580) |
|
| Caring and Sharing |
|
1 ,231 |
|
|
|
|
1 ,231 |
| Fund |
|
|
|
|
|
|
|
| Esme McLaurin Travel |
|
4,687 |
|
5 |
|
(4,692) |
|
| Fund |
|
|
|
|
|
|
|
| NE-WI AGM |
|
14,535 |
3,766 |
|
(4,195) |
|
14,106 |
| Property Fund |
|
8,702 |
|
528 |
|
(9,230) |
|
| Taunton Embroidery |
|
224 |
|
|
|
(224) |
|
| Women's Institute |
|
8,728 |
1 |
,726 |
|
|
10,454 |
| Suspense Account |
|
|
|
|
|
|
|
|
|
38,687 |
6,025 |
|
(4,195) |
(14,726) |
25,791 |
| RestrictedFunds |
- Previous year |
|
|
|
|
|
|
RestrictedFunds
- Previous year |
|
|
|
|
|
|
Balance at |
Incoming |
Outgoing |
Transfers |
Balance at |
|
01/04/2021 |
resources |
resources |
|
31/03/2022 |
| "Somerset" Room |
580 |
|
|
|
580 |
| Caring and Sharing |
1 ,231 |
|
|
|
1,231 |
| Fund |
|
|
|
|
|
| Esme McLaurin Travel |
4,682 |
5 |
|
|
4,687 |
| Fund |
|
|
|
|
|
| NFVVI AGM |
14,535 |
|
|
|
14,535 |
| Property Fund |
8,121 |
581 |
|
|
8,702 |
| Taunton Embroidery |
224 |
|
|
|
224 |
| Women's Institute |
2,322 |
6,406 |
|
|
8,728 |
| SuspenseAccount |
|
|
|
|
|
|
31 ,695 |
6,992 |
|
|
38,687 |