REGISTERED COMPANY NUMBER: 03028105 (England and Wales)
REGISTERED CHARITY NUMBER: 1048101
Report of the Trustees and
Financial Statements for the Year Ended 31 March 2024
for
THE RALPH & IRMA SPERRING CHARITY
Richardson Sv*ift Audit Ltd
Chartered Accountants
Statutory Auditor
11 Laura Place
Bath
BA2 4BL

THE RALPH & IRMASPERRING CHARITY
Contents of the Financial Statements
for the year ended 31 March 2024
Page
Report of the Trustees
1 to 4
Report of the Independent Auditors
ststement of Financial Activities
Balance Sheet
9 to 10
Notes to the Financial Statements
11 to 15
Detailed Statement of Financial Activities
16

THE RALPH & IRMASPERRING CHARITY
Report of the Trustees
for the year ended 31 March 2024
The trustees who are also directors of the charty for the purposes of the Companies Act 2006, present their
report with the financial statements of the charity for the year ended 31 March 2024. The trustees have
adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with ihe Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Charitys object and principal activity relate to any charitable purpose for the general benefit of the
inhabitants of the parishes situated in the whole or in part within a five mile radius of the Church of St John
the Baptist. Midsomer Norton. Radstock. as the Trustees think fit including bul not limited to the following-
to support charitable worf( of hospitals and league of friends of such hospitals in the Trust Parishes.
to further the education of the inhabitants of the Trust Parishes and in particular the education (including
social and physical training) of children and young people attending schools or colleges of further education in
the Trust Parishes.
to assist the establishment of village halls, recreation grounds, charitable sports grounds and playing fields
in the Trust Parishes and in the interests of v￿lfare to provide or assist in the provision of facilities for other
forms of recreation and other leisure time occupation with the object of improving the condition of life for the
inhabitants of the Trust Parishes.
to further the religious or other charitable work of the Anglican Churches in the Trust Parishes including the
support of the ministry and assisting in the establishment of church halls.
Significant fundraising activities
The charity did not undertake any significant fundraising activities during the year. All incoming resources
therefore derived from current operations and investments.
Public benefit
The trustees are satisfied that the charity gives due regard to the guidance on public benefit in carrying out its
activities.
Volunteers
The charity does not rely heavily on volunteers other than the y￿rk of the trustees and management
committee which is fully voluntary
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The main areas of the charitsble activities is to use the income generated from the provision of housing and
other residential accommodation to support local causes to improve the life of the inhabitants of the Trust
Parishes.
The charity has generated income from the 35 residential dwellings during the year, from which it has
awarded £58,444 to support local causes to the inhabitants of the Trustees Parishes.
Accumulated funds at the year end were £7.558,754.
Investment performance
The trustees are currently satisfied with the investment performance of the assets and at present do not have
any plans to expand its portfolio or feel il necessary to dispose of those currently in use.
Intemal and external factors
The trustees have made a full assessment of the intemal and extemal factors that may affect these financial
statements and do not deem any factors material enough to have an impact.
Page 1

THE RALPH & IRMASPERRING CHARITY
Report of the Trustees
for the year ended 31 March 2024
FINANCIAL REVIEW
Principal funding sources
The charity generates most of its funds from rents re￿iVed from the 35 residential dwellings. It generates the
remainder of its funds from the investment income, the capital of which was generated some years ago from
the sale of land to a local developer.
Investment policy and objectives
Our policy of property inveslment was approved by the Charity Commission when the charity was
founded.The Management Committee has continued to retain and improve its property portfolio bequeathed
by the Donor. The greater part of income (not distributed to objects within our constitution) and the Assets of
the Charity have been used to enhance and improve the housing stock of the Charity and to enable its
retention in accordance with the wishes of the Donor.
Following the sale of the land and propety, the Charity has accumulated investments of £xxxx to generate
future income to be used in line with the general objectives of the Charity. Remaining funds are retained on
deposit for further investments or the purchase of an agricultural property or rf required to fund substantial
property renovation and repair work to ensure that the amounts available for awarded to local causes is not
compromised and to ensure investment property income is not reduced.
During the year £125,000 (2023: £100,000) was transferred from investrnents to support the cost of
renovation and repair and Maintenan￿ costs of the properties ovmed by the chartty.
Reserves policy
Unrestricled Funds are needed:
(a) to provide funds which can be designated to speafic projects to enable these projects to be undertaken at
short notice. and
(b) to cover administration and support costs without which the Charity could not function.
The Trustees consider it prudent that Unrestricted Reserves should be sufficient..
(a) to avoid the necessity of realising the Fixed Assets held at the Chartws use-
(be) to cover one years administration and support costs",
(c) to provide a pool equal to 100/0 of the average charitable expenditure over the preceding tsvo years
from which funds can be designated to specific projects.
The level of reserves is monitored and reviewed by the Trustees annually but at present are considered
adequate for the requirements of the charity and to satisfy the above criteria.
FUTURE PLANS
The Charity plans continuing the activities as outlined above in the forthcoming years subject to satisfactory
funding arrangements.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its goveming document, a deed of trust, and constitutes a limited company, limited
by guarantee, as defined by the Companies Act 2006.
In the event of the company being wound up members are required to contribute an amount not exceeding
£10.
Recruitment and appointment of new trustees
The directors of the company are also charity trustees for the purpose of charity law and under the company's
Articles are known as members of the Management Committee.
Trustees are drawn from the local community and are usually identified by current trustees, being mindful of
the balance of skills required for the board.
Under the requirements of the Memorandum and Articles of Association the members of the Management
Committee are elected to serve at the Annual General Meeting.
Page 2

THE RALPH & IRMASPERRING CHARITY
Report of the Trustees
for the year ended 31 March 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure
The Ralph & Irma Sperring Charity has a Management Committee who meet quarterly and are responsible
for the strategic direction and policy of the charity. At present the Committee has 9 members from a variety of
professional backgrounds relevant to the work of the charity. An employee of Thatcher + Hallam
solicitors.acts as a Clerk to the Trustees and attends the meetings of the management committee but has no
voting rights.
The charity instructs Thatcher + Hallam Solicitors to deal with the day to day administration of the charity and
to deal with any legal issues that arise on an ongoing basis.
Induction and training of new trustees
Most Trustees are already familiar with the practical work of the charity having been encouraged to attend
previous meetings of the management committee as a 'guest' in order to be briefed and given a full
understanding of the charitys activities and objectives.
Wider network
At present the Ralph & Imia Sperring Charty does not consider itself part of a wider network.
Related parties
Some members of the management committee are associated with Thatcher + Hallam Solicitors. During the
year, the charity paid Thatcher + Hallam Solicitors £45.823 (2023: £49,471) for administration and legal
services provided to the charity.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure
appropriate controls are in place to provide reasonable assurance against fraud and error.
There are not considered to be significant extemal risks to funding and the diversification of funding and
activities is not planned. Intemal risks are minimised by the implementation of prO￿dureS for authorisation of
all transactions and projects and to ensure consistent quality of delivery for all operational aspects of the
charitable company. These procedures are periodically reviewed to ensure that they still meet the needs of
the Charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
03028105 (England and Wales)
Registered Charity number
1048101
Registered office
Thatcher & Hallam
Island House
Midsomer Norton
Radstock
Somerset
BA3 2HJ
Trustees
J P N Haxell
G H H Persson
W A Weller
C Bushill
J A Killah
D C Harvey
C E J Allen (appointed 19.6.23)
H A Mitchell (appointed 19.6.23)
P R Needham (appointed 19.6.23)
Page 3

THE RALPH & IRMASPERRING CHARITY
Report of the Trustees
for the year ended 31 March 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Company Secretary
G H H Persson
Auditors
Richardson Swift Audit Ltd
Chartered Accountants
Statutory Auditor
11 Laura Place
Bath
BA2 4BL
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The trustees (who are also the directors of The Ralph & Irma Sperring Charity for the purposes of company
law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
Company law 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 charitable company and of the incoming resources and application of
resources, including the income and expenditure. of the charitable company for that period. In preparing those
financial statements, the trustees are required to
select suitable accounting policies and then apply them consistently,
observe the methods and principles in the Charity SORP.
make judgements and estimates that are reasonable and prudent.
prepare the financial statements on the going concem basis unless it is inappropriate to presume that the
charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy
at any time the financial position of the charitable company and to enable them to ensure that the financial
statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of
the charitable company and hence for taking reasonable steps for the prevention and deleclion of fraud and
other irregularities.
In so far as the trustees are aware..
there is no relevant audit infomiation of which the charitable companvs auditors are unaware; and
the trustees have taken all steps that they ought to have tsken to make themselves aware of any relevant
audit information and to establish that the auditors are aware of that information.
2910112025
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
G H H Persson - Trustee
Page 4

Report of th• Ind•p•nd•nt Audltors to th• Trust•as of
The Ralph & lrnia Sperrlng Charlty
Opinion
We have audited Ihe financial staternents of The Ralph & Irma SperTing Charity (the 'charitable cornpan￿) for
the year ended 31 March 2024 which comprise the Slatemenl of Financial Activities. the Balance Sheet and
notes to the financial statements, including a summary of S￿nificant accOUntir￿ policies. The financial
reporting framework that has been applied in Iheir preparation is applicable law and United Kingdom
Accounting Slandards {United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements..
give a true and fair view of the state of the charitable companys affairs as at 31 March 2024 and of its
incoming rèsources and application of resources. induding rts incorne and expenditur6, for the >ear then
ended.,
have been properly prepared in accordance *ith United Kingdom Generally Accepted ACC￿ntIng Practic8:
and
have been prepared in accordan￿ with the requirernents of the Companies Act 20￿.
Basis for opinion
We conducted our audrt in accordance with Intemational Stsndards on Auditing {UK) (ISAS (UK)) and
applicable law. Our resw)nsibilities ur¥Jer those standards are further described in the Auditors,
responsibilities for Ihe audit of the financial statements section of our report. We are independent of the
charitable company in accordance Nwth the ethical requirements that are relevant to our audit of the financial
statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance wilh these requiremenls. We believe thal the audil evidence we have obtained
is suff￿lent and appropriate to proifjde a basis for our opinion.
Concluslons relatlng to golng concern
In auditing the financial statements. we have conduded that Ihe trustees. use of the going COn￿M basis of
accounling in the preparation of the financial statements is appropriate.
Based on the work we have perfomied. we have not identsfied any material uncertainties relating to events or
condits'ons that, individually or collectively. May casl significant doubt on the charitable cornpanls ability to
continue as a going concem for a period of at least t*elve months from when the financial statements are
authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concérn ar8 describ8d in the
relevant S8Ctions of this r8[￿.
Olher information
The trustees are responsible for thé other information. The other information cornprises the inforrnation
included in the Annual Rep￿1. other than Ihe financial statements and our ReKth of the IndeperKJent Auditors
ther80n.
Our opinion on the financial statements does not cover the other information arKI. except to the extent
otherwise expliatly stated in report, we do not express any fomi of assuran￿ condusion thereon.
In connection our audit of the financial statements. our responsits'lity is to read the other infomiation and.
in doing so, consider whether the other informalion is maierialty inconsistenl with the financial statements or
our knowledge obtained in the audil or otherwise appears to be materially misslated. If we idenlify such
material inconsislencies or apparent material misstalements. we are required to delermine whether this gives
rise to a rnater￿1 misstatement in the financial statements themselves. If, based on the work we have
performed. we condude thal there is a material rnisstaternent of this other information, we arè r￿Uired to
r8POrt thal fact. We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to reFK)rt in respect of the following matters the Charities (Accounls and Reports)
Regulations 2008 requires us lo report to rf, in our O￿niOn.
the infomiation given in the Report of the Truslees is inconsistent in any material respect with the financial
stslements; or
the charitable company has not kept adequate accounting records.. or
the financial statements are not in agreement with the accounting records and retums" or
we have not received all the information and explanal￿ftS we require for our audiL
Page 5

Report of the Independent Auditors to the Trustees of
The Ralph & lrnla Sperring Charity
Responsibilities of trustees
As explained more fully in the Statement of Trustees, Responsibilities, the trustees (who are also the directors
of the charitable company for the purposes of company law) are responsible for the preparation of the
financial ststements and for being satisfied thal they give a tnje and fair view, and for such internal control as
the trustees determine is necessary to enable the preparation of financial statements that are free from
material misstatement. whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable companls
ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using
the going con￿rn basis of accounting unless the trustees either intend to liquidate the charitable company or
to cease operations. or have no realistic alternative but to do so.
Our responsibilities for the audit of the financial statements
We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance
with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement. whether due to fraud or error. and to issue a Report of the Independent Auditors
that includes our opinion. Reasonable assurance is a high level of assurance. bul is not a guarantee that an
audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate,
they could reasonably be expected to influence the economic decisions of users taken on the basis of these
financial statements.
The extent to which our procedures are capable of detecting irregularities. including fraud is detailed below:
Our approach was as follows:
We obtained an understanding of the legal and regulatory frameworks that are applicable to the entity by
discussion with key personnel and consideration of our experience of clients in similar sectors.
We determined that the most significant laws and regulations which have a direct impact on the fonn and
content of the financial statements of the entty are the Companies Act and UK GAAP, specifically the
Charities SORP.
We detennined that the most significant operational laws and regulations for the entity are those governing
the charitable sector and property rentsl.
Based on the results of our risk assessment we designed our audit procedures to identify non-compliance
with such laws and regulations identified above, with no issues arising.
We gained an understating of the entitys wlicy and procedures by discussion with key personnel and
substantive audit work.
We assessed the risk of material misstatement in respect of fraud through our planning processes, and no
significant risks were identified.
We considered the risk of fraud through management override and, in response, we incorporated testing of
manual journal entries into our audit approach.
Based on the results of our risk assessment we designed our audit procedures to identify and to address
material misstatements in relation to fraud.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description forms part of our
Report of the Independent Auditors.
Page 6

Report of the Independent Auditors to the Trustees of
The Ralph & lrnla Sperring Charity
Use of our report
This report is made solely to the charitable companys trustees. as a body, in accordance with Part 4 of the
Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might
state to the charitable companls trustees those matters we are required to state to them in an auditors, report
and for no other purpose. To the fullest extent pemiitted by law, we do not accept or assume responsibility to
anyone other than the charitable company and the charitable companvs trustees as a body, for our audit
work, for this report. or for the opinions we have fomied.
Richardson Swift Audit Ltd
Chartered Accountants
Statutory Auditor
Eligible to act as an auditor in temis of Section 1212 of the Companies Act 2006
11 Laura Place
Bath
BA2 4BL
Date..
3010112025
Page 7

THE RALPH & IRMASPERRING CHARITY
Statement of Financial Activities
for the year ended 31 March 2024
2024
Total
funds
2023
Total
funds
Unrestricted
fund
Restricted
funds
Notes
INCOME AND ENDOWMENTS FROM
Investment income
280.014
280,014
274,120
EXPENDITURE ON
Charitable activities
Grants to institutions
Grants to individuals
56.517
1.927
56.517
1,927
56,779
5,180
Other
347.570
347.570
305.303
Total
406,014
406,014
367,262
Net gains on investments
643,003
643,003
5.331
NET INCOMEI(EXPENDITURE)
Transfers between funds
(126,000)
128,282
643,003
(128,282)
517,003
(87,811)
10
Net movement in funds
2,282
514,721
517,003
(87,811)
RECONCILIATION OF FUNDS
Total funds brought forward
56,640
7,005,111
7,061,751
7,149,562
TOTAL FUNDS CARRIED FORWARD
58,922
7,519,832
7,578,754
7,061,751
The notes form part of these financial statements
Page 8

THE RALPH & IRMASPERRING CHARITY
Balance Sheet
31 March 2024
2024
Total
funds
2023
Total
funds
Unrestricted
fund
Restricted
funds
Notes
FIXED ASSETS
Investments
Investments
Investment property
353,876
7,162,381
353,876
7,162,381
457,184
6.540,000
7,516,257
7,516,257
6,997,184
CURRENT ASSETS
Debtors
Cash at bank
10.390
73.344
10,390
76,919
18,092
72,168
3,575
83.734
3,575
87.309
90,260
CREDITORS
Amounts falling due within one year
{24.812)
(24,812)
(25,693)
NET CURRENT ASSETS
58,922
3,575
62,497
64,567
TOTAL ASSETS LESS CURRENT
LIABILITIES
58,922
7.519,832
7,578,754
7.061,751
NET ASSETS
58,922
7,519,832
7,578,754
7,061.751
FUNDS
Unreslricled funds
Restricted funds
10
58,922
7.519,832
56,640
7,005,111
TOTAL FUNDS
7,578,754
7,061,751
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for
the year ended 31 March 2024.
The members have not deposited notice. pursuant to Section 476 of the Companies Act 2006 requiring an
audit of these financial statements.
The trustees acknowledge their responsibilities for
(a)
ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387
of the Companies Act 2006 and
preparing financial statements which give a true and fair view of the state of affairs of the charitable
company as at the end of each financial year and of its surplus or deficit for each financial year in
accordance with the requirements of Sections 394 and 395 and which otherwise comply wth the
requirements of the Companies Act 2CH)6 relating to financial statements. so far as applicable to the
haritable company.
(b)
These financial statements have been audited under the requirements of Section 145 of the Charities Act
2011.
The notes form part of these financial statements
Page 9
continued...

THE RALPH & IRMASPERRING CHARITY
Balance Sheet- continued
31 March 2024
These financial statements have been prepared in accordance with the provisions applicable to charitable
companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on
2910112025
and were signed on its behalf by:
G H H Persson - Trustee
The notes form part of these financial statements
Page 10

THE RALPH & IRMASPERRING CHARITY
Notes to the Financial Statements
for the year ended 31 March 2024
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company. which is a public benefrt entity under FRS 102,
have been prepared in accordance vith the Charities SORP (FRS 102> 'Accounting and Reporting by
Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
102) (effective 1 January 2019).. Financial Reporting Standard 102 The Financial Reporting Standard
applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements
have been prepared under the historical cost convention, with the exception of investments which are
induded at market value. as modified by the revaluation of certain assets.
Critical accounting judgements and key sources of estimation uncertainty
The investment propety is valued by the Trustees and is considered a critical accounting judgement.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the
funds. it is probable that the income V￿11 be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
committing the charity to that expenditure, it is probable that a transfer of economic benefits will be
required in settlement and the amount of the obligation can be measured reliably. Expenditure is
accounted for on an accruals basis and has been classified under headings that aggregate all cost
related to the category. Where costs cannot be directly attributed to particular headings they have been
allocated to activities on a basis consistent wth the use of resources.
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from
changes in fair value is recognised in the Statement of Financial Activities.
Taxation
The charity is exempt from corporation tax on tts charitable activtties.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the
trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted
purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial
statements.
INVESTMENT INCOME
2024
2023
Rents received
Other income and interest
270,368
9,646
258,390
15,730
280,014
274,120
Page11
continued...

THE RALPH & IRMASPERRING CHARITY
Notes to the Financial Ststements - continued
for the year ended 31 March 2024
CHARITABLE ACTIVITIES COSTS
Direct
Costs
Grants to institutions
Grants to individuals
56,517
1,927
58,444
TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the
year ended 31 March 2023.
Trustees. expenses
There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended
31 March 2023.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted
fund
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Investment income
274,120
274.120
EXPENDITURE ON
Charitable activities
Grants to institutions
Grants to individuals
56,779
5,180
56,779
5,180
Other
313,103
(7,800)
305,303
Total
375,062
(7,800)
367,262
Net gains on investments
5,331
5,331
NET INCOMEI(EXPENDITURE)
Transfers between funds
(100.942)
104,112
13,131
(104,112)
(87,811)
Net movement in funds
3,170
(90,981)
(87,811)
RECONCILIATION OF FUNDS
Total funds brought fopward
53,470
7,096,092
7,149,562
TOTAL FUNDS CARRIED FORWARD
56,640
7,005,111
7,061,751
Page 12
continued...

THE RALPH & IRMASPERRING CHARITY
Notes to the Financial Ststements - continued
for the year ended 31 March 2024
FIXED ASSET INVESTMENTS
Listed
investments
MARKET VALUE
At 1 April 2023
Additions
Disposals
Revaluations
457,184
75,117
(199,047)
20,622
At 31 March 2024
353,876
NET BOOK VALUE
At 31 March 2024
353,876
At 31 March 2023
457,184
The investments portfolio is managed by Quilter Cheviot and the investments are shown at market
value.
INVESTMENT PROPERTY
FAIR VALUE
At 1 April 2023
Revaluation
6,540,000
622.381
At 31 March 2024
7,162.381
NET BOOK VALUE
At 31 March 2024
7,162,381
At 31 March 2023
6,540,000
The properties have been valued at the year end by the trustees. based on a previous professional
valuation by Sam Chivers Estate Agents as at August 2019 and adjusted for properties upgraded since
that date.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade debtors
10,390
18,092
Page 13
continued...

THE RALPH & IRMASPERRING CHARITY
Notes to the Financial Ststements - continued
for the year ended 31 March 2024
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Other creditors
Accruals and deferred income
5,770
19,042
25.693
24,812
25,693
10. MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
between
funds
At
31.3.24
At 1.4.23
Unrestricted funds
General fund
56,640
(126,000)
128,282
58,922
Restricted funds
Land & buildings
Fair Value Reserve
Investments
Deposit accounts
3,034,186
3,505,814
457,184
7,927
622.381
3,656,567
3,505,814
353,876
3,575
20.622
(123,930)
(4,352)
7,005,111
643,003
(128,282)
7,519.832
TOTAL FUNDS
7,061,751
517,003
7,578,754
Net movement in funds, included in ihe above are as follows:
Incoming
resources
Resources
expended
Gains and Movement
losses
in funds
Unrestricted funds
General fund
280.014
(406.014)
(126,000)
Restricted funds
Land & buildings
Investments
622,381
20,622
622,381
20,622
643,003
643,003
TOTAL FUNDS
280.014
(406,014)
643,003
517,003
Page 14
continued...

THE RALPH & IRMASPERRING CHARITY
Notes to the Financial Ststements - continued
for the year ended 31 March 2024
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Net
movement
in funds
Transfers
between
funds
At
31.3.23
At 1.4.22
Unrestricted funds
General fund
53,470
(100,942)
104,112
56,640
Restricted funds
Land & buildings
Fair Value Reserve
Investments
Deposit accounts
3.034,186
3.498,014
555,317
8,575
3,034,186
3,505,814
457,184
7,927
7.800
5.331
(103,464)
(648)
7.096,092
13.131
(104,112)
7.005.111
TOTAL FUNDS
7.149,562
(87,811)
7.061.751
Comparative net movement in funds. included in the above are as follows:
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestricted funds
General fund
274,120
(375,062)
(100,942)
Restricted funds
Fair Value Reserve
Investments
7,800
7,800
5,331
5,331
7.800
5,331
13,131
TOTAL FUNDS
274,120
(367.262)
5,331
(87,811)
11. RELATED PARTY DISCLOSURES
Some members of the management committee are associated with Thatcher & Hallam Solicitors.
During the year the charity paid Thatcher & Hallam Solicitors £55,423 (2023.. £49,471) for
administration and legal services provided to the charity.
12. PURPOSE OF RESTRICTED FUNDS
Restricted funds represents properties transferred from the Ralph Sperring Estate which is retained in
the Charity at the wsh of Ralph Sperring as expressed in his will. The properties generate income from
rents which is then expended in line with the objectives of the Charity.
In addition to the properties. there is £353,876 invested or held on deposit which was generated from
various disposals of land and property. The funds are invested where the retums on the investment
can be expended in line wth the objects of the Charity.
Page 15

THE RALPH & IRMASPERRING CHARITY
Detailed Statement of Financial Activities
for the year ended 31 March 2024
2024
2023
INCOME AND ENDOWMENTS
Investment income
Rents received
Other income and interest
270,368
9,646
258,390
15,730
280.014
274,120
Total incoming resources
280,014
274,120
EXPENDITURE
Charitable activities
Awards to local causes
58,444
61,959
Other
Property repairs & renewals
Insurance
Legal & professional costs
Other expenses
Auditors, remuneration
Bad debt provision
258,088
12,064
48,912
3,606
16,200
8,700
226,211
9.529
59,894
9,669
347.570
305,303
Total reSoUr￿S expended
406,014
367,262
Net expenditure before gains and losses
(126,000)
(93,142)
Realised recognised gains and losses
Realised gainsl(losses) on fixed asset
investments
Realised gainsl(losses) on investment
property
622.381
20,622
5.331
Net incomel(expenditure)
517,003
(87,811)
This page does not fomi part of the statutory financial statements
Page 16