REGISTERED CHARITY NUMBER: 1064418
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2023
for
Friends of Wymondham Abbey
Fairhead Bradford
5 Queen Street Great Yarmouth Norfolk NR30 2QP
Friends of Wymondham Abbey
Contents of the Financial Statements for the Year Ended 31 December 2023
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 to 6 |
| Detailed Statement of Financial Activities | 7 |
Friends of Wymondham Abbey
Report of the Trustees for the Year Ended 31 December 2023
The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. 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 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Structure, governance and management Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Reference and administrative details Registered Charity number 1064418
Principal address
Wymondham Abbey Church Street Wymondham Norfolk NR18 0PH
Trustees
Reverend C C Davies (appointed 13/6/2023) M J Halls (appointed 13/6/2023) B R Randall (appointed 13/6/2023) Dr C Buckton (appointed 13/6/2023) D N Ralphs (appointed 13/6/2023) Professor J M Chamberlin (appointed 13/6/2023) Ms H Hunter (appointed 13/6/2023) P Wood (appointed 13/6/2023) Ms C E M Jackson (appointed 13/6/2023)
Independent Examiner
Fairhead Bradford 5 Queen Street Great Yarmouth Norfolk NR30 2QP Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................. Professor J M Chamberlin - Trustee
Page 1
Independent Examiner's Report to the Trustees of Friends of Wymondham Abbey
Independent examiner's report to the trustees of Friends of Wymondham Abbey
I report to the charity trustees on my examination of the accounts of Friends of Wymondham Abbey (the Trust) for the year ended 31 December 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Stuart Dickerson FCCA
Fairhead Bradford 5 Queen Street Great Yarmouth Norfolk NR30 2QP
Date: .............................................
Page 2
Friends of Wymondham Abbey
Statement of Financial Activities for the Year Ended 31 December 2023
| Unrestricted fund Notes £ Income and endowments from Donations and legacies 13,821 Investment income 2 15,123 Total 28,944 Expenditure on Raising funds 139 Charitable activities Wymondham Abbey 13,235 Total 13,374 NET INCOME 15,570 Reconciliation of funds Total funds brought forward 260,201 Total funds carried forward 275,771 |
Restricted fund £ - 9,203 9,203 - - - 9,203 85,405 94,608 |
Total funds £ 13,821 24,326 38,147 139 13,235 13,374 24,773 345,606 370,379 |
|---|---|---|
The notes form part of these financial statements
Page 3
Friends of Wymondham Abbey
Balance Sheet 31 December 2023
| Unrestricted fund Notes £ Current assets Investments 4 163,690 Cash at bank and in hand 112,081 275,771 Net current assets 275,771 Total assets less current liabilities 275,771 NET ASSETS 275,771 Funds 5 Unrestricted funds Restricted funds Total funds |
Restricted fund £ 76,014 18,594 94,608 94,608 94,608 94,608 |
Total funds £ 239,704 130,675 370,379 370,379 370,379 370,379 275,771 94,608 370,379 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Trustee
The notes form part of these financial statements
Page 4
Friends of Wymondham Abbey
Notes to the Financial Statements for the Year Ended 31 December 2023
1. Accounting policies
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.
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 will 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 with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
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.
2. Investment income
| Dividends (CCLA) income Deposit account interest Curr asset inv income |
£ 5,606 4,152 14,568 24,326 |
|---|---|
Page 5
continued...
Friends of Wymondham Abbey
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
3. Trustees' remuneration and benefits
There were no trustees' remuneration or other benefits for the year ended 31 December 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2023.
4. Current asset investments
£ 239,704
CCLA Investment
| Movement in funds At 1/1/23 £ Unrestricted funds General fund 260,201 Restricted funds Restricted funds 85,405 TOTAL FUNDS 345,606 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 28,944 Restricted funds Restricted funds 9,203 TOTAL FUNDS 38,147 |
Net movement At in funds 31/12/23 £ £ 15,570 275,771 9,203 94,608 24,773 370,379 Resources Movement expended in funds £ £ (13,374) 15,570 - 9,203 (13,374) 24,773 |
|---|---|
5. Movement in funds
6. Related party disclosures
There were no related party transactions for the year ended 31 December 2023.
Page 6
Friends of Wymondham Abbey
Detailed Statement of Financial Activities for the Year Ended 31 December 2023
| Income and endowments Donations and legacies Donations Legacies Subscriptions Investment income Dividends (CCLA) income Deposit account interest Curr asset inv income Total incoming resources Expenditure Raising donations and legacies Buffet Charitable activities Grants to Wymondham Abbey PCC Total resources expended Net income |
£ 2,000 10,628 1,193 13,821 5,606 4,152 14,568 24,326 38,147 139 13,235 13,374 24,773 |
|---|---|
This page does not form part of the statutory financial statements
Page 7