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2023-03-31-accounts
|
Pages |
| Reference and Administrative Details of the Charity, its Trustees and Advisers |
1 |
| Trustee's Report |
2 - 6 |
| Independent Examiner's Report |
7 |
| Statement ofFinancial Activities |
8 |
| Balance Sheet |
9 |
| Notes to the Financial Statements |
10-26 |
| Trustees |
Orford & Gedgrave Parish Council |
| Charity registered |
|
| number |
1053729 |
| Principal office |
The Town Hall |
|
Market Hill |
|
Orford |
|
Woodbridge |
|
IP12 2NZ |
| Accountants |
SB AuditLLP |
|
Chartered Accountants |
|
Statutory Auditor |
|
820 The Crescent |
|
Colchester Business Park |
|
Colchester |
|
Essex |
|
C049YQ |
| Bankers |
Barclays Bank pic |
|
4 Church Street |
|
Woodbridge |
|
Suffolk |
|
IP12 1DJ |
| Solicitors |
Birketts LLP |
|
Providence House |
|
141-145 Princes Street |
|
Ipswich |
|
Suffolk |
|
IP1 1QJ |
|
|
Unrestricted |
Restricted |
Endowment |
Total |
Total |
|
|
funds |
funds |
funds |
funds |
funds |
|
|
2023 |
2023 |
2023 |
2023 |
2022 |
|
Notes |
£ |
£ |
£ |
£ |
£ |
| Income and |
|
|
|
|
|
|
| endowments from: |
|
|
|
|
|
|
| Donations and legacies |
2 |
|
|
|
|
8,230 |
| Charitable activities |
3 |
187,230 |
- |
- |
187,230 |
171,833 |
| Investments |
4 |
52,733 |
- |
- |
52,733 |
37,422 |
| Total income and |
|
|
|
|
|
|
| endowments |
|
239,963 |
- |
- |
239,963 |
217,485 |
| Expenditure on: |
|
|
|
|
|
|
| Charitable activities |
5 |
179,517 |
10,683 |
- |
190,200 |
148,108 |
| Total expenditure |
|
179,517 |
10,683 |
- |
190,200 |
148,108 |
| Net movement in |
|
|
|
|
|
|
| funds |
|
60,446 |
(10,683) |
- |
49,763 |
69,377 |
| Reconciliation of |
|
|
|
|
|
|
| funds: |
|
|
|
|
|
|
| Total funds brought |
|
|
|
|
|
|
| forward |
|
2,825,051 |
48,652 |
250,000 |
3,123,703 |
3,054,326 |
| Total funds carried |
|
|
|
|
|
|
| forward |
|
2,885,497 |
37,969 |
250,000 |
3,173,466 |
3,123,703 |
|
|
|
2023 |
|
2022 |
|
Notes |
|
£ |
|
£ |
| Fixed assets |
|
|
|
|
|
| Tangible assets |
12 |
|
360,593 |
|
375,456 |
| Heritage assets |
14 |
|
245,100 |
|
245,100 |
| Investment property |
13 |
|
1,982,500 |
|
1,982,500 |
|
|
|
2,588,193 |
|
2,603,056 |
| Current assets |
|
|
|
|
|
| Debtors |
15 |
44,217 |
|
12,846 |
|
| Investments |
16 |
452 |
|
452 |
|
| Cash at bank and in hand |
|
589,185 |
|
545,931 |
|
|
|
633,854 |
|
559,229 |
|
| Creditors: amounts falling due within one |
|
|
|
|
|
| year |
17 |
(48,581) |
|
(38,582) |
|
| Net current assets |
|
|
585,273 |
|
520,647 |
| Total assets Ies6 current liabilities being |
|
|
|
|
|
| net assets |
|
|
3,173,466 |
|
3,123,703 |
| Charity funds |
|
|
|
|
|
| Endowment funds |
18 |
|
250,000 |
|
250,000 |
| Restricted funds |
18 |
|
37,969 |
|
48,652 |
| Unrestricted funds |
18 |
|
2,885,497 |
|
2,825,051 |
| Total funds |
|
|
3,173,466 |
|
3,123,703 |
|
Unrestricted |
Total |
Total |
|
funds |
funds |
funds |
|
2023 |
2023 |
2022 |
|
£ |
£ |
£ |
| Government grants |
- |
- |
8,230 |
| Total 2022 |
8,230 |
8,230 |
|
|
Unrestricted |
Total |
Total |
|
funds |
funds |
funds |
|
2023 |
2023 |
2022 |
|
£ |
£ |
£ |
| Income from charitable activities - Estates |
12,696 |
12,696 |
9,626 |
| Income from charitable activities - Highways |
69,423 |
69,423 |
70,343 |
| Income from charitable activities - Riverside |
105,111 |
105,111 |
91,864 |
|
187,230 |
187,230 |
171,833 |
| Total 2022 |
171,833 |
171,833 |
|
|
Unrestricted |
Total |
Total |
|
funds |
funds |
funds |
|
2023 |
2023 |
2022 |
|
£ |
£ |
£ |
| Investment income- rent from property |
42,783 |
42,783 |
35,517 |
| Investment income- interest receivable |
9,950 |
9,950 |
1,905 |
|
52,733 |
52,733 |
37,422 |
| Total 2022 |
37,422 |
37,422 |
|
|
Unrestricted |
Restricted |
|
|
|
funds |
funds |
Total |
Total |
|
2023 |
2023 |
2023 |
2022 |
|
£ |
£ |
£ |
£ |
| Estates |
51,108 |
10,683 |
61,791 |
50,676 |
| Highways |
10,662 |
- |
10,662 |
19,057 |
| Riverside |
78,768 |
- |
78,768 |
35,406 |
| Governance costs |
33,503 |
- |
33,603 |
37,676 |
| Grants and donations |
5,476 |
- |
5,476 |
5,293 |
|
179,517 |
10,683 |
190,200 |
148,108 |
| Total 2022 |
138,925 |
9,183 |
148,108 |
|
|
**Staff costs ** |
Depreciation |
Other costs |
Total |
Total |
|
2023 |
2023 |
2023 |
2023 |
2022 |
|
£ |
£ |
£ |
£ |
£ |
| Estates |
2,634 |
13,335 |
45,822 |
61,791 |
50,676 |
| Highways |
5,626 |
|
5,036 |
10,662 |
19,057 |
| Riverside |
30,858 |
2,459 |
45,451 |
78,768 |
35,406 |
| Governance Costs |
25,889 |
|
7,614 |
33,503 |
37,676 |
| Grants and donations |
- |
|
5,476 |
5,476 |
5,293 |
|
65,007 |
15.794 |
109,399 |
190,200 |
148,108 |
| Total 2022 |
53,685 |
15,480 |
78,943 |
148,108 |
|
|
Unrestricted |
Total |
Total |
|
funds |
funds |
funds |
|
2023 |
2023 |
2022 |
|
£ |
£ |
£ |
| Bank charges |
267 |
267 |
895 |
| Office and computer costs |
1,677 |
1,677 |
2,205 |
| Stationery and postage |
559 |
559 |
336 |
| Independent examination fees |
3,665 |
3,665 |
3,362 |
| Sundry expenses |
1,446 |
1,446 |
1,870 |
| Legal & professional fees |
- |
- |
2,502 |
| Governance expense-wages and salaries |
25,358 |
25,358 |
26,189 |
| Governance expense-pension costs |
531 |
531 |
317 |
|
33,503 |
33,503 |
37,676 |
| Total2022 |
37,676 |
37,676 |
|
|
Grants to |
Total |
Total |
|
Individuals |
funds |
funds |
|
2023 |
2023 |
2022 |
|
£ |
£ |
£ |
| Grants and donations |
5,476 |
5,476 |
5,293 |
| Total 2022 |
5,293 |
5,293 |
|
|
Activities |
Grant |
|
|
|
|
undertaken |
funding of |
Support |
Total |
Total |
|
directly |
activities |
costs |
funds |
funds |
|
2023 |
2023 |
2023 |
2023 |
2022 |
|
£ |
£ |
£ |
£ |
£ |
| Estates |
59,157 |
- |
2,634 |
61,791 |
50,676 |
| Highways |
5,036 |
- |
5,626 |
10,662 |
19,057 |
| Riverside |
47,910 |
- |
30,858 |
78,768 |
35,406 |
| Governance Costs |
- |
- |
33,503 |
33,503 |
37,676 |
| Grants and donations |
- |
5,476 |
- |
5,476 |
5,293 |
|
112,103 |
5,476 |
72,621 |
190,200 |
148,108 |
| Total 2022 |
77,961 |
5,293 |
64,854 |
148,108 |
|
|
2023 |
2022 |
|
£ |
£ |
| Wages and salaries |
64,476 |
53,368 |
| Contribution to defined contribution pension schemes |
531 |
317 |
|
65,007 |
53,685 |
|
2023 |
2022 |
|
No. |
No. |
| Charitable activities |
2 |
2 |
| Management and administation of the charity |
1 |
1 |
|
3 |
3 |
|
Freehold |
Fixtures and |
|
|
property |
fittings |
Total |
|
£ |
£ |
£ |
| Cost or valuation |
|
|
|
| At 1 April 2022 |
635,081 |
74,368 |
709,449 |
| Additions |
- |
931 |
931 |
| At 31 March 2023 |
635,081 |
75,299 |
710,380 |
| Depreciation |
|
|
|
| At 1 April 2022 |
266,700 |
67,293 |
333,993 |
| Charge for the year |
13,335 |
2,459 |
15,794 |
| At 31 March 2023 |
280,035 |
69,752 |
349,787 |
| Net book value |
|
|
|
| At 31 March 2023 |
355,046 |
5,547 |
360,593 |
| At31 March 2022 |
368,381 |
7,075 |
375,456 |
|
Freehold |
|
investment |
|
property |
|
£ |
| Valuation |
|
| At 1 April 2022 |
1,982,500 |
| At 31 March 2023 |
1,982,500 |
|
|
|
|
Heritage |
|
|
|
|
asset |
|
|
|
|
2023 |
|
|
|
|
£ |
| Carrying value at |
1 |
April |
2022 |
245,100 |
|
|
|
|
245,100 |
|
2023 |
2022 |
|
£ |
£ |
| Due within one year |
|
|
| Trade debtors |
20,007 |
11,178 |
| Other debtors |
24,210 |
1,668 |
|
44,217 |
12,846 |
| Current asset investments |
|
|
|
2023 |
2022 |
|
£ |
£ |
| Unlisted investments |
452 |
452 |
| Creditors: Amounts falling due within one year |
|
|
|
2023 |
2022 |
|
£ |
£ |
| Other taxation and social security |
3,668 |
4,134 |
| Other creditors |
1,541 |
1,284 |
| Accruals and deferred income |
43,372 |
33,164 |
|
48,581 |
38,582 |
|
|
|
|
|
Balance at |
|
Balance at 1 |
|
|
T ransfers |
31 March |
|
April 2022 |
Income |
Expenditure |
in/out |
2023 |
|
£ |
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
|
| Designated funds |
|
|
|
|
|
| Investment property |
1,500,000 |
|
|
232,500 |
1,732,500 |
| New Village Reserve |
15,637 |
317 |
(3,601) |
2,947 |
15,300 |
| Estates Reserve |
96,446 |
1,673 |
- |
(467) |
97,652 |
| Riverside Reserve |
131,484 |
2,873 |
- |
27,729 |
162,086 |
| Highways Reserve |
38,023 |
851 |
- |
11,589 |
50,463 |
| Fixed Assets |
328,304 |
- |
(6,611) |
931 |
322,624 |
| Future Housing Reserve |
145,000 |
206 |
- |
(132,303) |
12,903 |
| Town Hall |
49,583 |
889 |
- |
(17,863) |
32,609 |
|
2,304,477 |
6,809 |
(10,212) |
125,063 |
2,426,137 |
| General funds |
|
|
|
|
|
| Reserves |
520,574 |
233,154 |
(169,305) |
(125,063) |
459,360 |
| Total Unrestricted funds |
2,825,051 |
239,963 |
(179,517) |
- |
2,885,497 |
| Endowment funds |
|
|
|
|
|
| Endowment Funds - all funds |
250,000 |
* |
- |
- |
250,000 |
| Restricted funds |
|
|
|
|
|
| Restricted Funds - all funds |
48,652 |
- |
(10,683) |
- |
37,969 |
| Total of funds |
3,123,703 |
239,963 |
(190,200) |
|
3,173,466 |
|
|
|
|
|
Balance at |
|
Balance at |
|
|
T ransfers |
31 March |
|
1 April 2021 |
Income |
Expenditure |
in/out |
2022 |
|
£ |
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
|
| Designated funds |
|
|
|
|
|
| Investment property |
1,500,000 |
|
|
|
1,500,000 |
| New Village Reserve |
11,947 |
- |
(2,310) |
6,000 |
15,637 |
| Estates Reserve |
83,446 |
- |
- |
13,000 |
96,446 |
| Riverside Reserve |
118,484 |
- |
- |
13,000 |
131,484 |
| Highways Reserve |
25,023 |
- |
- |
13,000 |
38,023 |
| Fixed Assets |
334,601 |
- |
(6,297) |
- |
328,304 |
| Future Housing Reserve |
135,000 |
- |
- |
10,000 |
145,000 |
| Town Hall |
49,583 |
- |
- |
- |
49,583 |
|
2,258,084 |
- |
(8,607) |
55,000 |
2,304,477 |
| General funds |
|
|
|
|
|
| Reserves |
488,407 |
217,485 |
(130,318) |
(55,000) |
520,574 |
| Total Unrestricted funds |
2,746,491 |
217,485 |
(138,925) |
- |
2,825,051 |
| Endowment funds |
|
|
|
|
|
| Endowment Funds - all funds |
250,000 |
- |
- |
- |
250,000 |
| Restricted funds |
|
|
|
|
|
| Restricted Funds - all funds |
57,835 |
- |
(9.183) |
- |
48,652 |
| Totalof funds |
3,054,326 |
217,485 |
(148,108) |
|
3,123,703 |
|
|
|
|
|
Balance at |
|
Balance at 1 |
|
|
Transfers |
31 March |
|
April 2022 |
Income |
Expenditure |
in/out |
2023 |
|
£ |
£ |
£ |
£ |
£ |
| Designated funds |
2,304,477 |
6,809 |
(10,212) |
125,063 |
2,426,137 |
| General funds |
520,574 |
233,154 |
(169,305) |
(125,063) |
459,360 |
| Endowment funds |
250,000 |
- |
- |
- |
250,000 |
| Restricted funds |
48,652 |
- |
(10,683) |
- |
37,969 |
|
3,123,703 |
239,963 |
(190,200) |
- |
3,173,466 |
|
|
|
|
|
Balance at |
|
Balance at |
|
|
Transfers |
31 March |
|
1 April 2021 |
Income |
Expenditure |
in/out |
2022 |
|
£ |
£ |
£ |
£ |
£ |
| Designated funds |
2,258,084 |
- |
(8,607) |
55,000 |
2,304,477 |
| General funds |
488,407 |
217,485 |
(130,318) |
(55,000) |
520,574 |
| Endowment funds |
250,000 |
- |
- |
- |
250,000 |
| Restricted funds |
57,835 |
- |
(9,183) |
- |
48,652 |
|
3,054,326 |
217,485 |
(148,108) |
- |
3,123,703 |
|
Unrestricted |
Restricted |
Endowment |
Total |
|
funds |
funds |
funds |
funds |
|
2023 |
2023 |
2023 |
2023 |
|
£ |
£ |
£ |
£ |
| Tangible fixed assets |
322,624 |
37,969 |
- |
360,593 |
| Investment property |
1,732,500 |
- |
250,000 |
1,982,500 |
| Heritage assets |
245,100 |
- |
- |
245,100 |
| Current assets |
633,854 |
- |
- |
633,854 |
| Creditors due within one year |
(48,581) |
- |
- |
(48,581) |
| Total |
2,885,497 |
37,969 |
250,000 |
3,173,466 |
|
Unrestricted |
Restricted |
Endowment |
Total |
|
funds |
funds |
funds |
funds |
|
2022 |
2022 |
2022 |
2022 |
|
£ |
£ |
£ |
£ |
| Tangible fixed assets |
328,304 |
47,152 |
- |
375,456 |
| Investment property |
1,731,000 |
1,500 |
250,000 |
1,982,500 |
| Heritage assets |
245,100 |
- |
- |
245,100 |
| Current assets |
559,229 |
- |
- |
559,229 |
| Creditors due within one year |
(38,582) |
- |
- |
(38,582) |
| Total |
2,825,051 |
48,652 |
250,000 |
3,123,703 |
|
2023 |
. 2022 |
|
£ |
£ |
| Amounts due from Orford Sailing Club |
4,429 |
2,320 |
| Amount due from Parish Councillors |
924 |
- |
| Amounts due from Orford Country Market |
400 |
100 |
|
5,753 |
2,420 |