2023-03-31-accounts - Corfe Castle Charity

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						Page
Reference and administrative		details ofthe Charity,			its Trustees and advisers
Trustees' report						2-3
Independent auditor's	report					4-6
Statement offinancial	activities
Balance sheet
Notes to the financial	statements					9-18
The following pages do	not form	part ofthe statutory		accounts:
Detailed income and expenditure			account			19

					Unrestricted	Endowment	Total	Total
					Funds	Funds	Funds	Funds
				Note	f	f	2023 f	2022 f
INCOME FROM:
Donations and legacies					700		700	300
Investments					137,135		137,135	119,647
Charitable activities					193,535		193,535	182,556
Other					50		50	50
TOTAL INCOME					331,420		331,420	302,553
EXPENDITURE ON:
Raising funds				5	19,278		19,278	28,408
Charitable activities				6	224,756	2,410	227,166	223,422
TOTAL EXPENDITURE					244,034	2,410	246,444	251,830
NET INCOME I(EXPENDITURE)					87,386	(2,410)	84,976	50,723
NET GAINS/(LOSSES)	ON	INVESTMENTS
Unrealised Gains and losses on revaluation			of
Investment properties Investments				12 13	(4,898) (15,938)	(5,102) (7,022)	(10,000) (22,960)	(455,172) 62,795
TOTAL GAINS/(LOSSES)		ON INVESTMENTS			~29939	~12123	~32 999	~392322
NET MOVEMENT IN FUNDS FOR THE YEAR					66,550	(14,534)	52,016	(341,654)
Total funds at 1 April 2022				22	2,813,911	1,547,638	4,361,549	4,703,203
TOTAL FUNDS AT 31 MARCH 2023				17	f2,880,461	f1,533,104	f4,413,565	f4,361,549

.	INCOME	ROM DO	ATI	NS						Unrestricted	Funds
										2023	2022
										f	f
	Donations									f700	f300
3.	INCOME FROM INVESTMENTS									Unrestricted	Funds
										2023 f	2022 f
	Rent from	investment	properties							119,996	105,254
	Income from investments									17,122	14,392
	Interest receivable									17	1
										f137135	f119647
4.	INCOME FROM CHARITABLE					ACTMTIES				Unrestricted	Funds
										2023	2022f
	Maintenance contributions			from		almshouses				80,227	76,994
	Rents from	affordable	housing							113,308	105,562
										E193,535	E182,556
5.	EXPENDITURE ON RAISING				FUNDS					Unrestricted	Funds
										2023	2022
										f	f
	Investment	properties'	expenses							12,604	17,095
	Letting agents' fees Legal fees									5,866	8,335 2,221
	Staff costs										734
	Book printing and associated				costs (adjusted		for	stock)			23
										f19,278	f28,408
6.	EXPENDITURE ON CHARITABLE ACTIVITIES
	2023						Direct costs			Support	Total
					Other direct			Staff	Depreciation	costs
						costs		costs	and disposals	(Note 7)
						f.					2023f
	Grants and	gifts (Note	9)			37,421				13,614	51,035
	Almshouses					56,750		10,335	15,819	13,615	96,519
	Affordable	Housing				35,037		3,691	27,270	13,614	79,612
						E129208		E14 026	E43089	E40 843	5227 166
	2022						Direct costs			Support	Total
					Other direct			Staff	Depreciation	costs
						costs		costs	and disposals	(Note 7)
						f				f	2022 f.
	Grants and	gifts (Note	9)			29,533				13,093	42,626
	Almshouses					44,733		10,275	15,026	13,093	83,127
	Affordable	Housing				52,365		3,670	28,540	13,094	97,669
						E126 631		f13945	E43 566	E39280	7223 422

paid to a relative ofa trustee. The tru TANGIBLE FIXEDASSETS	stee was not involved	in the decision to	make the gran	t )
	Freehold	Furniture
	land and	fittings and	Housing
COST OR VALUATION	buildings	equipment F	equipment	Totalf
At 1 April 2022	2,109,901	11,428	212,254	2,333,583
Additions			13,255	13,255
At 31 March 2023	2 109901	11,428	225,509	2 346 838
DEPRECIATION
At 1 April 2022	599,617	11,428	151,618	762,663
Charge for the year	29,621		13,468	43,089
At 31 March 2023	629238	11428	165086	805 752
NET BOOK VALUE
At 31 March 2023	El 480 663		E60 423	51 541 D86
At 31 March 2022	61 510284		960636	El 570 920
INVESTMENT PROPERTIES				Freehold
				pi o party
				F
VALUATION
At 1 April 2022 Revaluation				1,851,000 ~70.000
At 31 March 2023				21 841 Mll


FIXEDASSET INVESTMENTS	Charitable
	Common
	Investment
MARKET VALUE	Fundsf
At 1 April 2022	828,696
Additions at cost Revaluations At 31 March 2023	140,000 ~22,960 E945 736

SUPPORT COSTS		Unrestricted	Funds
		2023	2022
GOVERNANCE COSTS		f
Accountancy fees:
Audit		3,706	3,563
Accounts preparation		2,871	2,734
Payroll and	auto-enrolment	747	687
Vat Returns	and assistance	2,894	1,676
Insurance		2,536	2,247
Staff costs		6,326	5,729
Professional fess		2,604	5,406
		21,684	22,042
OTHER SUPPORT COSTS
Staff costs		18,979	17,188
Office expenses		180	50
Total		540,843	539,280
STAFF COSTS		Total	Total
		2023 f.	2022f
Wages and salaries		39,514	37,111
Pension costs		555	486
		f40,069	f37,597

management personnel ofthe was f40,069(2022:f37,596).	management personnel ofthe was f40,069(2022:f37,596).	charity. Ths total cost of	the key managem	ent personnel du	ring ths year
GRANTS AND GIFTS				Total	Total
				2023 F	2022f
To individuals				29,034	28,333
To institutions				8,387	1,200
				532 421	529 533
Grants to Individuals		Number	Total	Number	Total
		ofgrants	2023f	ofgrants	2022f
General grants		21	2,601	37	8,825
Educational	grants	15	26,433	11	19,508
		38	929034	48	528 333

14.	STOCK
						2023	2022
						f
	Stock ofbooks "The Penny Loaves ofCorfe Castle"					E2 355	E2 425
15.	DEBTORS
	AMOUNTS FALLING DUE WITHIN ONE YEAR
						2023	2022f
	Trade debtors					17,978	18,251
	I oans to individuals					3,850	5,858
	Prepayments and accrued income					12,310	10,320
						f34,138	f34,429
	AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
						2023	2022
						f.	f
						6,698	10,723
						12,332	14,027
						E19030	224 750
	The loans have been made on an interest-free	basis to	individual	households		that have encountered
	serious financial difficulty, and are being repaid by monthly		instalments.		The loans are unsecured.
	Total Loans to individuals					2023	2022f
	Balance at 1 April 2022					16,581	17,875
	New loans authorised in year						7,556
	Amounts written off Amounts repaid in the period Balance at 31 March 2023				(1,871) (3,525) ~4, 162 ~5,325 E10548 E16581
16.	CREDITORS:
	AMOUNTS FALLING DUE WITHIN ONE YEAR					2023f	2022f
	Rent deposits					6,071	6,071
	VAT, Social security and other taxes					6,061	3,822
	Other creditors					3,934	2,059
	Accruals and deferred income					30,910	33,666
	Accruals for grants payable					1,250
						5411226	545 618
	Deferred income					2023f	2022f
	Balance at 1 April 2022					16,538	11,295
	Amounts released to incoming resources					(16,538)	(11,295)
	Amounts deferred in the period					18,461	16,538
	Balance at 31 March 2023					E18461	E16538
	Deferred income comprises the portion of rent that relates		to periods	after the		balance sheet date.
	Accruals for grants payable					2023f	2022f
	Grant commitments recognised as at 1 April 2022						95
	New grant commitments charged to the SOFA in Grants paid during the year	year			37,421 29,628 ~36,171 ~29,723
	Grant commitments recognised as at 31 March 2023					81 250

2023			Brought	Income	Expenditure	Gains/	Carried
			Forwardf	6	f	(Losses) 6	Forward
ENDOWMENT	FUNDS
Endowed Funds			1,547,638		(2,410)	(12,124)	1,533,104
UNRESTRICTED FUNDS
General Fund			1,805,656	331,420	(224,779)	(20,836)	1,891,461
Designated Property		Fund	1,008,255		(19,255)	-	989,000
			2,813,911	331,420	(244,034)	(20,836)	2,880,461
TOTAL FUNDS			64,361,549	f331,420	6(246,444)	(32,960)	f4,413,565
2022			Brought	Income	Expenditure	Gains/	Carried
			Forwardf			(Losses) 6	Forward 6
ENDOWMENT Endowed Funds	FUNDS		1.704888		~2410	~754 840	1 547 638
UNRESTRICTED FUNDS
General Fund			1,970,805	302,553	(230,165)	(237,537)	1,805,656
Designated Property		Fund	1,027,510		(19,255)	-	1,008,255
			2 998315	302 553	~249 420	~237537	2 813911
TOTAL FUNDS			f4 703203	8302 553	~2257 830	~392377	24 361 549

ANALYS	IS	OF NET ASSETS BETWEEN F	UNDS
			Unrestricted	Endowment	Total
			Funds	Funds	Funds
2023			2023	2023f	2023f
Tangible	fixed assets		1,339,224	201,862	1,541,086
Investment		properties	690,067	1,150,933	1,841,000
Fixed asset		investments	765,427	180,309	945,736
Debtors	due in more than one year		19,030		19,030
Stock			2,355		2,355
Debtors	due in less than one year		34,138		34,138
Cash at	bank and in hand		78,446		78,446
Liabilities			(48,226)		(48,226)
			f2,880,461	f1,533,104	f4,413,565
			Unrestricted	Endowment	Total
			Funds	Funds	Funds
2022			2022f	2022f	2022f
Tangible	fixed assets		1,366,648	204,272	1,570,920
Investment		properties	694,965	1,156,035	1,851,000
Fixed asset		investments	641,365	187,331	828,696
Debtors	due in more than one year		24,750		24,750
Stock			2,425		2,425
Debtors	due in less than one year		34,429		34,429
Cash at	bank and in hand		94,947		94,947
Liabilities			(45,618)		(45,618)
			f2 813911	61 547638	f4 361 549

			2023f	2022f
Due	in	not later than one year	64,167	63,000
Due	in	later than one year and not later than five years	177,333	202,500
Due	in	later than five years	170,000	212,500
			411500	478000

COMPARATIVE STATE	ME	NT OF FINANC	IAL A	CTIVIT	Y FOR YEAR END	ED 31 MARCH 20	22
					Unrestricted	Endowment	Total
					Funds	Funds	Funds
				Note			2022f
INCOME FROM:
Donations and legacies					300		300
Investments					119,647		119,647
Charitable activities					182,556		182,556
Other					50		50
TOTAL INCOME					302553		302 553
EXPENDITURE ON:
Raising funds					28,408		28,408
Charitable activities					221,012	2,410	223,422
TOTAL EXPENDITURE					249,420	2 10	251830
NET INCOME / (EXPENDITURE)					53,133	(2,410)	50,723
NET GAINS/(LOSSES)	ON	INVESTMENTS
Unrealised Gains and losses on revaluation			of
Investment properties				13	(285,388)	(169,784)	(455,172)
Investments				14	47,851	14,944	62,795
TOTAL GAINS/(LOSSES)		ON INVESTMENTS			~237537	~104,840	~392377,
NET MOVEMENT IN FUNDS FOR THE YEAR					(184,404)	(157250)	(341 654)
Total funds at 1 April 2021					2,998,315	1,704,888	4,703,203
TOTAL FUNDS AT 31 MARCH 2022				18	72 813911	51 517638	54361549