| Page | ||||
|---|---|---|---|---|
| Report ofthe | Trustees | 1 | to | 10 |
| Independent | Examiner's Report |
|||
| Statement of | Financial Activities | 12 | ||
| Balance Sheet | 13 | to | 14 | |
| Notes to the Financial Statements | 15 | to | 29 | |
| Detailed Statement of Financial Activities |
30 | to | 32 |
| 31.10.23 | 31.10.22 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| Notes | funds f |
funds E |
funds E |
fU nels | ||
| INCOME AND ENDOWMENTS | FROM | |||||
| Donations and legacies |
1,352 | 2,422 | 3,774 | 14,248 | ||
| Charitable activities |
||||||
| Courses and training Membership subscriptions Newsletter and publications Federation meetings |
7,876 75,283 18,627 7,673 |
80 | 7,876 75,363 18,627 7,673 |
4,134 74,584 18,576 7,283 |
||
| Other trading activities Investment income Other income |
11,047 28,093 5,305 |
8,243 | 19,290 28,093 5,305 |
19,811 26,075 6,614 |
||
| Total | 155,256 | 10,745 | 166,001 | 171,325 | ||
| EXPENDITURE ON | ||||||
| Raising funds | 8,629 | 8,606 | 17,235 | 18,831 | ||
| Charitable activities |
||||||
| Courses and training Newsletter and publications Federation meetings Support costs Governance Other charitable expenditure |
9,655 12,128 8,191 128,146 6,165 6,140 |
9,655 12,128 8,191 128,146 6,165 6,140 |
5,303 12,319 13,533 117,210 6,073 4,036 |
|||
| Total | 179,054 | 8,606 | 187,660 | 177,305 | ||
| Net gains/(losses) on investments |
(15,318) | (15,318) | (70,687) | |||
| NET INCOME/(EXPENDITURE) Transfers between funds |
15 | (39,116) 983 |
2,139 (983) |
(36,977) | (76,667) | |
| Net movement in funds |
(38,133) | 1,156 | (36,977) | (76,667) | ||
| RECONCILIATION OF FUNDS |
||||||
| Total funds brought forward |
1,087,679 | 28,873 | 1,116,552 | 1,193,219 | ||
| TOTAL FUNDS CARRIED FORWARD | 1,049,546 | 30,029 | 1,079,575 | 1,116,552 |
| 31.10.23 | 31.10.22 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| Notes | f | E | E | E | ||
| FIXEDASSETS | ||||||
| Tangible assets | 10 | 333,358 | 333,358 | 338,115 | ||
| Investments | 11 | 564,898 | 564,898 | 580,216 | ||
| 898,256 | 898,256 | 918,331 | ||||
| CURRENT ASSETS | ||||||
| Stocks | 12 | 962 | 962 | 1,659 | ||
| Debtors | 13 | 28,502 | 28,502 | 26,498 | ||
| Cash at bank and | in hand | 162,385 | 30,029 | 192,414 | 196,023 | |
| 191,849 | 30,029 | 221,878 | 224,180 | |||
| CREDITORS | ||||||
| Amounts falling due within one year |
14 | (40,559) | (40,559) | (25,959) | ||
| NET CURRENT ASSETS | 151,290 | 30,029 | 181,319 | 198,221 | ||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 1,049,546 | 30,029 | 1,079,575 | 1,116,552 | ||
| NET ASSETS | 1,049,546 | 30,029 | 1,079,575 | 1,116,552 | ||
| FUNDS | 15 | |||||
| Unrestricted funds |
1,049,546 | 1,087,679 | ||||
| Restricted funds |
30,029 | 28,873 | ||||
| TOTAL FUNDS | 1,079,575 | 1,116,552 |
| DONATIONS AND LEGACIES |
||
|---|---|---|
| 31.10.23 | 31.10.22 | |
| E | E | |
| Donations Legacies |
3,774 | 10,915 3,333 |
| 3,774 | 14,248 |
| 31.10.23 | 31.10.22 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| f | f | ||||||||||
| Fundraising events |
18,785 | 19,313 | |||||||||
| Shop income | 505 | 498 | |||||||||
| 19,290 | 19,811 | ||||||||||
| INVESTMENT | INCOME | ||||||||||
| 31.10.23 | 31.10.22 | ||||||||||
| f | f | ||||||||||
| Income from | investments | held on a recognised | stock | exchange | —UK | 25,671 | 25,597 | ||||
| Bank interest | receivable | 2,422 | 478 | ||||||||
| 28,093 | 26,075 | ||||||||||
| SUPPORT COSTS | |||||||||||
| Governance | |||||||||||
| Finance | Other | costs | Totals | ||||||||
| f | f | f | f | ||||||||
| Support costs | 1,977 | 124,891 | 126,868 | ||||||||
| Governance | 6,165 | 6,165 | |||||||||
| 1,977 | 124,891 | 6,165 | 133,033 | ||||||||
| Support costs, included | in the above, are as follows: | ||||||||||
| 31.10.23 | 31.10.22 | ||||||||||
| Support | Total | Total | |||||||||
| costs | Governance | activities | activities | ||||||||
| f | f | f | f | ||||||||
| Bank charges | 1,977 | 1,977 | 1,561 | ||||||||
| Wages | 77,760 | 77,760 | 66,898 | ||||||||
| Social security | 156 | 156 | 71 | ||||||||
| Pensions | 1,477 | 1,477 | 1,159 | ||||||||
| Operating leases |
—plant | and machinery | 983 | 983 | 983 | ||||||
| Property expenses | 9,947 | 9,947 | 12,669 | ||||||||
| Insurance | 5,778 | 5,778 | 5,385 | ||||||||
| Other professional | fees | 7,455 | 7,455 | 7,199 | |||||||
| Telephone | 3,560 | 3,560 | 4,122 | ||||||||
| Printing, postage |
and stationery | 5,554 | 5,554 | 5,006 | |||||||
| Other administrative | expenses | 1,933 | 1,933 | 2,253 | |||||||
| Lega I fees |
1,565 | 1,565 | 1,571 | ||||||||
| Depreciation | oftangible | fixed assets | 8,723 | 8,723 | 8,333 | ||||||
| Board ofTrustees | 2,865 | 2,865 | 2,993 | ||||||||
| Carried forward | 126,868 | 2,865 | 129,733 | 120,203 |
| SUPPORT COSTS -continued | for the Year Ended 31Octobe | r 2023 | ||
|---|---|---|---|---|
| 31.10.23 | 31.10.22 | |||
| Support | Total, | Total | ||
| Brought forward Accountancy |
costs f 126,868 |
Governance f 2,865 3,300 |
activities f 129,733 3,300 |
actiwties f 120,203 3,080 |
| 126,868 | 6,165 | 133,033 | 123,283 |
| 31.10.23 | 31.10.22 | |
|---|---|---|
| Depreciation —owned assets Other operating leases Pension costs |
f 8,723 983 1,477 |
f 8,332 983 1,159 |
| STAFF COSTS | |||||
|---|---|---|---|---|---|
| 31.10.23 | 31.10.22 | ||||
| Wages and salaries Social security costs Other pension costs |
f 77,760 156 1,477 |
f 66,898 71 1,159 |
|||
| 79,393 | 68,128 | ||||
| The average monthly |
number | of employees | during the year was as follows: | ||
| Administrative staff |
31.10.23 4 |
31.10.22 4 |
| COMPARATIVES FOR THE STA |
TEMENT OF FINANCIAL | ACTIVITIES | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| f | E | E | ||
| INCOME AND ENDOWMENTS | FROM | |||
| Donations and legacies |
2,488 | 11,760 | 14,248 | |
| Charitable activities |
||||
| Courses and training | 4,134 | 4,134 | ||
| Membership subscriptions |
74,524 | 60 | 74,584 | |
| Newsletter and publications |
18,576 | 18,576 | ||
| Federation meetings |
7,283 | 7,283 | ||
| Other trading activities |
16,648 | 3,163 | 19,811 | |
| Investment income |
26,075 | 26,075 | ||
| Other income | 6,614 | 6,614 | ||
| Total | 156,342 | 14,983 | 171,325 | |
| EXPENDITURE ON | ||||
| Raising funds | 14,495 | 4,336 | 18,831 | |
| Charitable activities |
||||
| Courses and training | 5,303 | 5,303 | ||
| Newsletter and publications |
12,319 | 12,319 | ||
| Federation meetings |
13,533 | 13,533 | ||
| Support costs | 117,210 | 117,210 | ||
| Governance | 6,073 | 6,073 | ||
| Other charitable expenditure |
4,036 | 4,036 | ||
| Total | 172,969 | 4,336 | 177,305 | |
| Net gains/(losses) on investments |
(70,687) | (70,687) | ||
| NET INCOME/(EXPENDITURE) | (87,314) | 10,647 | (76,667) | |
| Transfers between funds |
(3,971) | 3,971 | ||
| Net movement in funds |
(91,285) | 14,618 | (76,667) | |
| RECONCILIATION OF FUNDS |
||||
| Total funds brought forward |
1,178,964 | 14,255 | 1,193,219 | |
| TOTAL FUNDS CARRIED FORWARD | 1,087,679 | 28,873 | 1,116,552 |
| TANGIBLE FIXED ASSETS | ||||
|---|---|---|---|---|
| Fixtures | ||||
| Freehold | Office | and | ||
| property f |
equipment f |
fittings f |
Totals | |
| COST | ||||
| At 1 November 2022 |
429,848 | 14,824 | 27,866 | 472,538 |
| Additions | 853 | 3,113 | 3,966 | |
| Disposals | (846) | (5,280) | (6,126) | |
| At 31October 2023 | 429,002 | 10,397 | 30,979 | 470,378 |
| DEPRECIATION | ||||
| At 1November 2022 |
101,368 | 10,722 | 22 333 | 134,423 |
| Charge for year | 5,720 | 1,885 | 1,118 | 8,723 |
| Eliminated on disposal |
(846) | (5,280) | (6,126) | |
| At 31October 2023 | 106,242 | 7,327 | 23,451 | 137,020 |
| NET BOOK VALUE | ||||
| At 31October 2023 | 322,760 | 3,070 | 7,528 | 333,358 |
| At 31October 2022 | 328,480 | 4,102 | 5,533 | 338,115 |
| FIXED ASSET INVESTMENTS | |
|---|---|
| Listed | |
| investments | |
| f | |
| MARKET VALUE | |
| At 1 November 2022 |
580,216 |
| Revaluations | (15,318) |
| At 31October 2023 | 564,898 |
| NET BOOK VALUE | |
| At 31October 2023 | 564,898 |
| At 31October 2022 | 580,216 |
| value at the bala | nce sheet date are: | ||
|---|---|---|---|
| 31October | 31October | ||
| 2023 | 2022 | ||
| f | f | ||
| MSG Corporate | Bond | 46,955 | 47,007 |
| AXA Investments | 36,550 | 37,177 | |
| Pimco Global Advisers | 32,250 | 32,400 |
| 11. | FIXED ASSET INVESTMENTS | FIXED ASSET INVESTMENTS | FIXED ASSET INVESTMENTS | FIXED ASSET INVESTMENTS | - | continued | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Unilever | 29,168 | 29,809 | ||||||||||||||
| 144,923 | 146,393 | |||||||||||||||
| Cost or valuation | at 31October 2023 is | represented | by: | |||||||||||||
| Listed | ||||||||||||||||
| investments | ||||||||||||||||
| f | ||||||||||||||||
| Valuation | in 2023 | 564,898 | ||||||||||||||
| If the fixed asset | investments | had not | been | revalued | they | would | have been included | at | the | following | historical | |||||
| cost: | ||||||||||||||||
| 31.10.23 | 31.10.22 | |||||||||||||||
| E | f | |||||||||||||||
| Cost | 525,639 | 525,639 | ||||||||||||||
| The fixed asset investments | were valued | on an open | market | basis | on 31October 2023 | by Quilter | Cheviot. | |||||||||
| 12. | STOCKS | |||||||||||||||
| 31.10.23 | 31.10.22 | |||||||||||||||
| f | E | |||||||||||||||
| Goods for | resale | 962 | 1,659 | |||||||||||||
| 13. | DEBTORS: | AMOUNTS | FALLING DUE WITHIN | ONE YEAR | ||||||||||||
| 31.10.23 | 31.10.22 | |||||||||||||||
| E | f | |||||||||||||||
| Trade debtors | 829 | 3,458 | ||||||||||||||
| Other debtors | 19,852 | 15,828 | ||||||||||||||
| Prepayments | 7,821 | 7,212 | ||||||||||||||
| 28,502 | 26,498 |
| CRED | ITORS: AMOUNTS FALLING DUE WITHIN ON |
E YEAR | |
|---|---|---|---|
| 31.10.23 | 31.10.22 | ||
| E | |||
| Trade | creditors | 1,610 | 780 |
| Other | creditors | 38,949 | 25,179 |
| 40,559 | 25,959 |
| 15. | MOVEMENT IN FUNDS |
|||||
|---|---|---|---|---|---|---|
| Net | Transfers | |||||
| At | movement | between | At | |||
| 1.11.22 | in funds | funds | 31.10.23 | |||
| f | E | f | f | |||
| Unrestricted funds |
||||||
| General fund |
1,052,499 | (31,856) | (2,000) | 1,018,643 | ||
| Promotion Fund |
1,078 | 1,078 | ||||
| Friendship Fund |
23,340 | (5,948) | 983 | 18,375 | ||
| Training Fund |
9,644 | (1,312) | 2,000 | 10,332 | ||
| General Bursary |
1,118 | 1,118 | ||||
| 1,087,679 | (39,116) | 983 | 1,049,546 | |||
| Restricted funds | ||||||
| Let's cook | 1,363 | 1,363 | ||||
| Friendship Fund |
15,018 | 1,701 | (1,483) | 15,236 | ||
| Cranleigh Show |
680 | 680 | ||||
| Surrey Serenaders | 1,096 | (539)' | 557 | |||
| Crafty Ladies | 461 | 80 | 541 | |||
| Camera club | 91 | 91 | ||||
| General Bursary |
16 | 104 | 120 | |||
| Denman Bursary |
6,815 | 6,815 | ||||
| Joy Morgan Bursary |
3,333 | 3,333 | ||||
| Edenbridge and Oxted Show |
793 | 500 | 1,293 | |||
| 28,873 | 2,139 | (983) | 30,029 | |||
| TOTAL FUNDS | 1,116,552 | (36,977) | 1,079,575 |
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| Unrestricted funds |
E | E | f | f |
| General fund Friendship Fund Training Fund |
154,815 441 |
(171,353) (5,948) (1,753) |
(15,318) | (31,856) (5,948) (1,312) |
| Restricted funds | 155,256 | (179,054) | (15,318) | (39,116) |
| Friendship Fund Surrey Serenaders Crafty Ladies General Bursary Edenbridge and Oxted Show |
1,701 4,102 80 104 4,758 |
(4,641) (3,965) |
1,701 (539) 80 104 793 |
|
| 10,745 | (8,606) | 2,139 | ||
| TOTAL FUNDS | 166,001 | (187,660) | (15,318) | (36,977) |
| Net | Transfers | |||
|---|---|---|---|---|
| At | movement | between | At | |
| Unrestricted funds |
1.11.21 f |
in funds f |
funds f |
31.10.22 f |
| General fund Denman College —Surrey Room IT Fund Denman ACM f1 Draw Promotion Fund Friendship Fund Eileen Bowler Legacy Maintenance fund Training Fund Bursary Fund General Bursary |
1,127,490 1,994 6,372 1,773 1,168 21,242 16 6,106 7,410 5,393 |
(87,464) (90) (702) 234 708 |
12,473 (1,994) (6,372) (1,773) 2,800 (16) (6,106) 2,000 (5,393) 410 |
1,052,499 1,078 23,340 9,644 1,118 |
| Restricted funds | 1,178,964 | (87,314) | (3,971) | 1,087,679 |
| Let's cook Friendship Fund Cranleigh Show Surrey Serenaders Crafty Ladies Camera club 3CScience group General Bursary Denman Bursary Joy Morgan Bursary |
1,363 9,391 680 2,269 401 91 60 |
8,427 (1,173) 60 3,333 |
(2,800) (60) 16 6,815 |
1,363 15,018 680 1,096 461 91 16 6,815 3,333 |
| 14,255 | 10,647 | 3,971 | 28,873 | |
| TOTAL FUNDS | 1,193,219 | (76,667) | 1,116,552 |
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| E | f | f | f | |
| Unrestricted funds |
||||
| General fund | 154,142 | (170,919) | (70,687) | (87,464) |
| Promotion Fund |
(90) | (90) | ||
| Friendship Fund |
1,123 | (1,825) | (702) | |
| Training Fund |
369 | (135) | 234 | |
| General Bursary |
708 | 708 | ||
| 156,342 | (172,969) | (70,687) | (87,314) | |
| Restricted funds | ||||
| Friendship Fund |
8,427 | 8,427 | ||
| Surrey Serenaders | 3,163 | (4,336) | (1,173) | |
| Crafty Ladies | 60 | 60 | ||
| Joy Morgan Bursary |
3,333 | 3,333 | ||
| 14,983 | (4,336) | 10,647 | ||
| TOTAL FUNDS | 171,325 | (177,305) | (70,687) | (76,667) |
| Net | Transfers | |||
|---|---|---|---|---|
| At | movement | between | At | |
| 1.11.21 | in funds | funds | 31.10.23 | |
| f | f | f | f | |
| Unrestricted funds |
||||
| General fund |
1,127,490 | (119,320) | 10,473 | 1,018,643 |
| Denman College - Surrey Room |
1,994 | (1,994) | ||
| IT Fund | 6,372 | (6,372) | ||
| Denman ACM E1 Draw |
1,773 | (1,773) | ||
| Promotion Fund |
1',168 | (90) | 1,078 | |
| Friendship Fund |
21,242 | (6,650) | 3,783 | 18,375 |
| Eileen Bowler Legacy | 16 | (16) | ||
| Maintenance fund |
6,106 | (6,106) | ||
| Training Fund |
7,410 | (1,078) | 4,000 | 10,332 |
| Bursary Fund |
5,393 | (5,393) | ||
| General Bursary |
708 | 410 | 1,118 | |
| 1,178,964 | (126,430) | (2,988) | 1049 546 | |
| Restricted funds | ||||
| Let's cook | 1,363 | 1,363 | ||
| Friendship Fund |
9,391 | 10,128 | (4,283) | 15,236 |
| Cranleigh Show |
680 | 680 | ||
| Surrey Serenaders | 2,269 | (1,712) | 557 | |
| Crafty Ladies | 401 | 140 | 541 | |
| Camera club |
91 | ' 91 | ||
| 3CScience group | 60 | (60) | ||
| General Bursary |
104 | 16 | 120 | |
| Denman Bursary |
6,815 | 6,815 | ||
| Joy Morgan Bursary |
3,333 | 3,333 | ||
| Edenbridge and Oxted Show |
793 | 500 | 1,293 | |
| 14,255 | 12,786 | 2,988 | 30,029 | |
| TOTAL FUNDS | 1,193,219 | (113,644) | 1,079,575 |
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| r.esources f |
expended f |
losses f |
in funds f |
|
| Unrestricted funds |
||||
| General fund Promotion Fund Friendship Fund Training Fund General Bursary |
308,957 1,123 810 708 |
(342,272) (90) (7,773) (1,888) |
(86,005) | (119,320) (90) (6,650) (1,078) 708 |
| Restricted funds | 311,598 | (352,023) | (86,005) | (126,430) |
| Friendship Fund |
10,128 | 10,128 | ||
| Surrey Serenaders Crafty Ladies |
7,265 140 |
(8,977) | (1,712) 140 |
|
| General Bursary |
104 | 104 | ||
| Joy Morgan Bursary |
3,333 | 3,333 | ||
| Edenbridge and Oxted Show |
4,758 | (3,965) | 793 | |
| 25,728 | (12,942) | 12,786 | ||
| TOTAL FUNDS | 337,326 | (364,965) | (86,005) | (113,644) |
| Restricted funds |
| for the Year Ended 31Oct | ober 2023 | |||
|---|---|---|---|---|
| 31.10.23 | 31.10.22 | |||
| f | f | |||
| INCOME AND | ENDOWMENTS | |||
| Donations and legacies |
||||
| Donations | ||||
| Legacies | 3,774 | 10,915 | ||
| 3,333 | ||||
| 3,774 | 14,248 | |||
| Other trading | activities | |||
| Fundraising events Shop income |
18,785 505 |
19,313 498 |
||
| 19,290 | 19,811 | |||
| Investment income |
||||
| Income from investments | held on a recognised | |||
| stock exchange —UK Bank interest receivable |
25,671 2,422 |
25,597 478 |
||
| 28,093 | 26,075 | |||
| Charitable activities |
||||
| Membership subscriptions Surrey Wl News Courses and training Yearbook |
75,363 15,395 7,876 |
74,584 15,363 4,134 |
||
| Federation meetings |
3,232 7,673 |
3,213 7,283 |
||
| 109,539 | 104,577 | |||
| Other income | ||||
| Other income | ||||
| 5,305 | 6,614 | |||
| Total incoming | resources | 166,001 | 171,325 | |
| EXPENDITURE | ||||
| Other trading activities | ||||
| Purchases | ||||
| Events | 395 | 792 | ||
| 16,840 | 18,039 | |||
| 17,235 | 18,831 |
| for the Year Ended 31 | October 2023 | |
|---|---|---|
| 31.10.23 | 31.10.22 | |
| Other trading activities | f | f |
| Charitable activities |
||
| Federation meetings costs Courses and training Surrey Wl News Other expenses Public relations |
8,191 9,655 12,128 6,500 918 |
13,533 5,303 12,319 4,036 |
| 37,392 | 35,191 | |
| Support costs | ||
| Finance | ||
| Bank charges | 1,977 | 1,561 |
| Other | ||
| Wages Social security Pensions Operating leases —plant and machinery Property expenses Insurance Other professional fees Telephone Printing, postage and stationery Other administrative expenses Legal fees Freehold property depreciation Office equipment depreciation Fixtures and fittings depreciation |
77,760 156 1,477 983 9,947 5,778 7,455 3,560 5,554 1,933 1,565 5,720 1,885 1,118 |
66,898 71 1,159 983 12,669 5,385 7,199 4, 122 5,006 2,253 1,571 5,720 1,806 807 |
| 124,891 | 115,649 | |
| Governance costs |
||
| Board ofTrustees Accountancy |
2,865 3,300 |
2,993 3,080 |
| 6,165 | 6,073 | |
| Total resources expended | 187,660 | 177,305 |
| Net expenditure before gains and losses |
(21,659) | (5,980) |
| Realised recognised gains and losses |
||
| Carried forward | (21,659) | (5,980) |
| 31.10.23 | 31.10.22 | ||
|---|---|---|---|
| Realised recognised | gains and losses | f | f |
| Brought forward Realised gains/(losses) |
on fixed asset investments | (21,659) (15,318) |
(5,980) (70,687) |
| Net expenditure | (36,977) | (76,667) |