##
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|---|---|---|---|---|
|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|
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||||||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)|