Stretharn Charlty LTD REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
Stretham Charity Contents For the Year Ended 31 December 2023 Page Charity Reterence & Administrative detsi15 Report of the trustees Statement of Trustee5 responsibFlities Indepentlent Examiners Report Receipts and payments account Charity Balance Sheet Notes forming parts of the financial statements
Stretham Charty Independent Examinerfs report For the Year Ended 31 December 2023 Trustees Nominated Trustees.. Mr. Kier Petherick Ichairmanl Ms. Janet Parish (Vice Chairl Mr. Peter Speed Ms. Joy Sennitt (resigned 2210512023) Ms. Ellen Leeke Co-opted Trustees: Mr. Mick Murfrtt Ms. Laura Roberts Ms. Kathryn. Clark Mr. Peter Lee Ms. Jenny Markam Clerk Ms. Jo Taylor Correspondence Address.. 4 Top Street Stretham Ely Cambridgeshire CB6 3JL Bankers Uoyd5 TS8 Bank Minster Place Ely Cambridgeshire Independent Examiner.. Mr. James Fordham ACPA Fordham Finan Group LTD 86-90 Paul Street London EC2A4NE Charity Registration No- 1076863
Stretham Chartty Independent Examinerfs report For the Year Ended 31 December 2023 Streth3m Charty started in 1553 when the Revd. Dr Richard Rysley, then Rector of Stretham, left beque5t5 to assist the poor of Stretham. and to help with their e(lutation: his foresight 2nd generosity continued in every parish to which he was called. Liter bequests by local resident Mrs Martha Digby, and by Lady Effingham Howard. were added, and all are now administered together under the Charity Commission's Regulating Scheme No. 1076863 of 1° July 1999, and in accordance with the Ch3ritls Standing Orders. Structure, Governance and Management There should be nine Trustees including the Team Vicar of Stretham lex-officiol, and five nominees from Stretham Parish Council who each serve forfouryears. Tnjstees together appoint a furtherthree members who each serve for five years. All newly-appointed Trustees a provided inter-olio with a copy of the Regulating Scheme, Standing Orders. copies of the last two Annual Report5 and Accounts, and Minutes of the13St two Ordinary Meetings. All Trustees sÈgn an ACPtanCe of Office. In 2023, Kier Petherick continued a5 Chairman and Peter Lee was elected as Vice Chairman. loy Sennitt resigned arid Peter Speed resigned leavingtwo Parish Council nominated vacancies. The net income of the Charity has to be applied in the following manner.- Up to 20% of the said income shall be applied for the promotion of education in the parish of Stretham in suth ways as the Trustees think frt, and 2. The remaining income shall be applied for the relief of persons, including widows and widowers resident in the parish of Stretham. who are in conditions of need, hardship, or distress, either in gifts kind or grants of money, which may include grants to any almshouse or other charitable institution established for the benefit of SLtch person5. Annual Review In 2023 the CharitS income was £41.448, a decrease from £95.752 in 2022. The trustees are still aiming to purchase a 6 Property and will just waf£ until a suitable property within the Charities budget. Grants were made from income in accordance with the objects of the Charity, having regard to its limitations. When considering applicationsfor help with education feès, costs of study material. travel. courses, etc., the Trustees have also had regard to any hardship or need fartor in the household affecting the hpplicant, which may override any purely educational ¢onsider3tion. the trustees also welcomed applications from people affected by the current covid infection. During 2023 grants were made for assistance with education and hardship for specialist furniture and carpets. as well as a mobile scooter for a resident that the trustees have pltrchased as the charity stooter that 15 available to loan out. Our relationship with the school has continued and we have awarded a large grant to purchase lap tops. In 2023 grants were made as follows-_ Hardship Education Hardships grants to widowslwidowers: 30 grants £3,300 Grants allocated education/hard5hip: 21 grants £4,046 £9,3C
Stretham Charity Independent Examinerfs report For the Year Ended 31 Dernber 2023 Total grants £16,64612022.. £18.5401 The Charivs income is from agricultural land and allotments, fr¥e cottage5 in Stretham. The Rysley Property Reserve is invested in the Equities Investment Fund for Charitie5 IM&G Charifund Accumulation Units) valued at £133.602.57 as at 31" December 2023 The Charity owns four cottages in Top Street, and 29a HÉgh Street which are let. Three cottages and 293 are on Assured Shorthold tenancies and one cottage is on a RegL51ated Tenancy. The trustees are aware that further improvements will need to be made in 2024 in repairs to the flat roofs and the heating storage heaters are old and inefficient and will need replacing. The grazing paddock agreements has been renewed for a further 12 months in one block to one tenant. The allotment land is at present outside of the pemiitted development area of Stretham. but its extent and proximity to the village centre. and tong-tem development potential, needs to be watched by the Trustees. The communvty garden has continued to be developed with a BBQ for the helpers on the project and the trustee5 are looking fofward to sèeing this project develop over the coming months. General Reserves of the Chartty stood at £354,529 at 31st December 202312022.. £341,064), and the Trustees. policy is to keep a General Reserve of £15,LKKJ to £20,OW to ensure that adequate funds are available to meet the commitments to update the properties and any unforeseen requests for help during 2023 the trustees. With interest rates now on the increase the trustees are reviewing the best place to invest some of the reserve keeping in mind the long temi objecttve of purchasing a another property. Our Clerk is Ms joanne Taylor, of 4, Top Street, Stretham. Ety, Cambs.Jo can be contacted by telephone 077616SS511. Email.. streth3mcharityclerk@gmail.com Trustees. ReSFn$[blIIteS Statement The trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Stsrbdards {United Kingdom Generally Accepted Accounting Prartice} The law applicable to charities in England & Wales requires the tnjstees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity forthat period. In preparing these financial statements. the trustees are required to= Select suitable accounting policies and then apply them consistently- Observe the method5 and principle5 Iri the Charities SORP.. Make judgements and estimates that are reasonable and prudent,. State whether applicable accounting standards have been followed. 5ubje¢t to any material departures disclosed and explained in the financial statements- Prepare the financial statements on the going concern basis unless tt 15 inappropriate to presume that the ¢hartty will continue in operatiorb
Stretham Chartty Independent Examinerfs report For the Year Ended 31 December 2023 The trustees are sponSible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charttie5 Art 2011, the Chartty IAccounts and Reportsl regulations 2CX)8 and trust deed. They are a150 responsible for Safeguarding the a55ets of the charity and hence for taking reasonable steps for the Prevention and detettion of fraud and other irregularities. Mr K Petherl¢k Chalrrnan Date
Stretham Charity Independent Examinerfs report For the Year Ended 31 December 2023 I report to the trustees on my examination of the consolidated financial 5tatement5 of Stretham Charity for the yeor ended 31 December 2023, which are set out on pages 6 to 19. Responsibllities and ba4$ of report % the trustees of the Company {and also its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Art 2(M)61'the 2C(16 ACVI. Having satisfied rnyself that the financial statèments of the company are not required to be audited nder Part 16 of the 2CM)6 Act and are eligible for independent examination I report in respect of my examination of your charivs accounts as carried out under sertion 145 of the Charities Act 20111'the 2011 ACVI. In carrying out my examination I have lollowed the Directions given by the Charity Commission under sertion 14515}Ibl of the 2011 Act. An independent examination does not invOe gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in 8tving theiropinion on the accounts. The planning and condutt of an audit goes beyond the limited assurance that an independent examination can provide. Consequently, l express no opinion as to whether the financial statements present a 'true and fair viev/ and my report is limtted to those specific matters set out in the independent examinerfs statement. Independent &xaminerfs statement I have completed my examination. I confim) that no material matters have ¢ome to my attention in connection with the examination giving me reasonable cause to believe that in any material respect.. accounting records were not kept in respert of the company as required by section 386 of the 2006 Act,. or the financial statements do not accord wrth those records- or the financial statements do not comply with the accounting requirements of section 396 of the 2(K)6 Act other than any requirement that the financial statements give a 'true and fair viev/ which ts not a matter considered as part of an independent examination- or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice.. Accounting and Reporting by Charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Ireland IFRS 1021. I have no concerns and have come across no othèr matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financlal statements to be reached. Signed.. JhfrTLu. Name: James Fordhom ACPA on beho£f of Fordhom Finonce Group L TD Name of applicable listed body: Certified PtJblicAccountontsA550CiOtion (CPAAJ Address.. 86- 90 Paul Street. London. EC2A 4NE. United Kingdom Date.. 3011012024
Stretham Charity Income and expenditure account For the Year Ended 31 December 2023 Notes Unrestricted Endowment Funds Funds 2023 Total Funds 2022 Total Funds Income From: Rents Cottages 36,469 36,469 34,740 Allotments 4.079 4.079 3,814 Upton RysleyTrust Donations Other Revenue 56,298 900 41,448 900 95,752 41.448 Totsl incorne 41,448 41,448 95,752 Expenditure on: Churituble Activities Grants & assistance payments 16.646 16,646 18,540 Other expenditure Charity operations 11.336 11.336 68,214 Total expenditure 27.982 27.982 86,754 Net gain / Ilossesl on investments 4,679 4.679 12601 Net Income l (expendfturel ,145 18,145 8,738 Transfers between funds Net movement in fund$ 18,145 Total funds brought forward Totsl funds carr5ed forward 469,987 488.132 I,oio.Ic i.0i0.1oD 1,480,087 L498.232 1.471,349 1,480.087
Stretham Charity Income and expenditure account For the Year Ended 31 December 2023 Charity 2023 Charity 2022 Notss Flxed assets Buildin8s & Land Fixtures and equipment Investments 1.260.000 12.879 133,603 1,260,000 15,115 128,923 Total fixed a55ets IA06.481 1,404,039 Current assets Stocks Debtors Cash at bank and in hand 93,809 78,107 Total current assets 93 78,107 Creditors: amounts falling due within one year io Z,059 2,059 Net current assets 91.750 76,048 Totsl net assets 1.498,232 IM80.087 The funds of the charfty Unrestrirtedfvnds General fund Rysley Property Reserve Restrirtedfvnds Permanent Endowments fvnd 12 354.529 133,603 341,064 128.923 13 I,oio,100 I,oio,100 Totsl funds 1,498.232 1.480,087
Stretham Charity Note5 to the financial statements For the Year Ended 31 December 2023 l Accountlng policles The principal accounting policies are set OLrt below. (a) Basis ofprepor(rtion The unaudited financial ststements laccountsl have been prepared under the historical cost convention and in accordan¢e with Accounting and Reporting by Charttie5: 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 IFR51021 leffective l January 20151- (Charities SORP IFRS10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021, the Charities Act 2011, the Companie5 Act 2006, and UK Generally Accepted Accounting Practice as it applFes from l January 2015. The Stretham Charity is registered with the Charity Commission Scheme dated 1st July 1999, domiciled and registered in England (charity number 1076863. which constitutes a Public Benefit entity as defined by FRSIO2. Assets and liabilities are initially recognised at cost or transacbon value unle55 Otherwise stated in the relevant accounting policy notes. The financial statements are prepared in sterlin& vthich is the funrtional currency of the charity. Monetary amounts in these financial statements are rounded to the nea$t £. (bj Going concern The trustees believe the going concern basis of preparing these financial statements is appropriate. The trustees feel that the charity has sufficient funds to meet its liabilities as they fall due for at least 12 months from the date of approving these accounts. (c) Income recognition All income is recognised once the chartty has entitlement to the income, it is probable that the income will be received and the monetary value can be measured with sufficient reliability. Donations are recognised when the charity has been notified of knth the amount and settlement date, and it is probable that they will be received. Income 15 deferred oniy when the charity has to fulfil conditions before becoming entitled to IL Dividends are recognised once the incoffle has been declared and notification has been reteived of the dividend receivable from the investment provider. Interest on funds held on deposrt is included when receivable and the amount can be measured reliably, this 15 normally upon notification of the interest payable or paid by the bank.
Stretham Chartty Notes to the financial statements Icontinuedl For the Year Ended 31 December 2023 l Accounting poli¢les (continuedj Id) Expenditure recognition Liabilitie5 are recognised a5 expenditure as 500n as there is a legal or con5trurtive obligation committing the charity to the expenditure, it is probable that settlement will be required and the amount o* the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. All expenses including support cosrs and governance costs are allocated or apportioned to the applicable expenditure headings. For more information on this attribution refer to note lel below. Irrecoverable VAT is charged against the expenditure heading forwhich it was incurred. fe) Allocotion ofsupport andgovernonce costs Support costs include central funrtion5 and have been allocated to charitable activities and governance costs on a basis con515tent Wtth the use of the resource5, Staff costs by their time, and other costs by usage. Governance costs comprise all costs Involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to statutory audit, and legal and professional fees together with an apportionment of overhead and support costs. Support costs includin8 governance costs have been allocated to charitable artivrtse5 as analysed in note 6. In Taxation The income and gains of the charity are exempt from corporation tax to the extent that they are applied to its charitable objectives. Recoverable income tax is accrued within the financial statements. (gj Tangiblefixed t7ssets ond depreciotion Depreciation is calculated on all tangible assets at rates calculated to write off the cost, less estimated residual value of each asset over its expected useful life as follow5.. Flxture5 and equipment IO% per annum on a straight-line basis Indlvidual fixed assets costing £500 or MO are capitalised at cosL (hj Fixed asset investments Fixed asset investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured attheirfairvalue as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year.
Stretham Charity Notes to the financial statements Icontinued) For the Year Ended 31 Decembei 2023 l Accountlng policies (continuedj fij Reolisedgains ond lo&¥es All gains and losses are taken to the Statement of Financial Artivttie5 as they arise. Realised gains and1055es on investments are calculated as the difference between sales pm£eeds and their opening carrying value if acquired subsequent to the first tlay of the financial year. Unrealised gains and losse5 are calculated as the dIfferen between the fair valLte at the year end and their tarrying value. Realised and unrealised investment gains and losse5 are combined in the Statement of Financial Activities. OJ Debtors Trade and other debtors are re¢ognised and the settlement due after any discount offered. Prepayments are valued at the amount prepaid net of any discounts due. (kj Cash ot bonk Cash at bank includes Cash and short term highly liquid in¥e5tments with a short maturity of three months or less from the date of acquisttion or opening of the deposit or similar account. fl) Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify a5 basic financial instruments. Basic financial iAStruments are initially recognised at transartion value and Subsequently measured at their settlement value. (m) Funds occountffng Fund5 held by the chartty are: Unrestricted gerJemlfvnds- these are funds that can be used in accordance with the charitable objects at the discretion of the trustees. Rysley Pmperty Reservefunds- these are funds set aside by the trustees out of unrestricted general funds for specific future PLFrpose5 or projects. Endowmentfund-these are fvnds created when grants or donations are made available for a particular purpose as 3 part of a permeant legacy, the use of which is restricted to that purixjse. Further explanation of the nature and purposes of each fund is included in the notes to the accounts. io
Stretham Charity Notes to the financial statements Icontinuedl For the Year Ended 31 Dember 2023 2 Critl¢al accountin8 ertlmates and areas of judgement Accounting estimates and judgements are Continually evaluated and are based on historical experience and other factors. including expectations of future events that are believed to be re8sonable under the cirtum5tances. Criticol occounting estimotes t7ndossumptions The charity makes estimate5 and assumption5 concerning the future. The resulting accounting estimates and assumptions will. by definition. seldom equal the related actual results. There are no estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. CrAtical areas ofiudgement The trustees do not consider there to be any critical areas of judgement that have a significant eiyert on the amounts recognised in the financial Statements. 3 Income from Investment 2023 Z022 Interest re1Vable- deposits 6,996 6,115 Dividends receivable from Common Investment Funds 12.3171 16.3751 4,679 12601 li
Stretham Charity Notes to the financial statements Icontinuedl For the Year Ended 31 December 2023 4 Expenditure on charitsble artivities Basi5 of Allocation Charitsble Govemance 2023 Total 2022 Totsl Costs dirertfyullocoted to ortivities.. Hardship Grants Education Grants Widow Grants Audit & Accountancy Fees Depreciation In5ur3nce IT Software and Consumables Printing & Stationery RepBif5 and Maintenance Allotment Maintenance Clerk's Honorarium Dirett Direct Direct Direct Direct Direct Direct Dirert Dirett Direct Direct 4,046 9.300 4,046 9,300 3,300 900 2,237 1.3(M) 176 77 1,893 1.655 3.100 2,838 12,731 2.970 91)0 2,237 981 172 9W 2.237 1.300 176 77 1,893 1.655 3.100 60,292 532 3.100 27,082 900 27,982 86.754 5 Employment costs During the year, the charity had no employees.12022= £Nil}. The charity considers that its key management personnel comprises of the trustees who are not remunerated for their setwices. 6 Trustee remuneration and expenses During the year no trustee received any 1MbUrsernent of expenses or remuneration or received payment for professional services supplied to the charity12022- £Nill. 12
Stretham Charity Notes to the financial statements Icontinuedl For the Year Ended 31 December 2023 7 Movements in total funds for the year 2023 2022 This is stated after charging.. Depreciation 2,237 2.237 Accountanys remuneration for independent examination Accountant's remuneration for other financial services 91X) 8 Tangible assets Long leasehold laYKI and buildln85 Fixtures and equipment Charity total Cost At l January2022 1,260.C 21.825 1.281,825 Additions Disposals At 31 December 2022 1260,1X)O 21,825 1,281.825 Depreclotion At l January 2023 6.710 6,710 Provided for the year 2.237 2,237 Disposals At 31 December 2023 Net book vt71ue At 31 December 2 1.260.1X)O 12,879 1.272,879 At 31 December 2022 1.260,0 15,115 1,275,115 13
Stretham Chartty Notes to the financial statements Icontinuedl For the Year Ended 31 December 2023 9 Investments 2023 2022 Market value At l January 2023 128,923 129,184 Additions Net investment gainslllossesl 4.679 12601 At 31 December 2023 133,603 128,923 Cost at 31 December 2023 98,882 98.882 Net unrealised gains/llossesl included in net investment 34.721 30,041 All investments are carried at their fair value. Investments in equitie5 are all traded in quoted public markets, primarily the London Stock Exchange. The basis for fair value for quoted investments is equivalent to market value, using the bid price. Asset sales and purchases are recognised at the date of trade at cost (that is their market value). The significance of financlal instrLFments on the ongoing financial sustainabrlity of the charity is considered in the financial review and investment poliry and perforniènce Sections of the trustees, annual report. The main risk to the charity from financial instruments lies in a combination of uncertain markets and volatility of equity income. The charity manages these risks by operating a policrfof investing in common investment funds principally designed for charities, which are quoted on recognised stock exchanges. Consequently there is a low risk to liquidity. The charity a150 principally holds its investment portfolio with a view to maintaining a longer term return and as such would expert short term volatility will be corrected in the longer term. 14
Stretham Chartty Notes to the flnancial statements Icontinuedl For the Year Ended 31 December 2023 10 Creditors: amounts falling due wlthin one year Charity 2023 Charity 2022 Trade creditors 1.159 1,159 Other taxes and social security costs Accruals and deferred income 91)) 900 2.059 2,059 11 Analysis of net assets between funds Current year Total Charlty Funds 2023 Unre5trirted Endowment Funds Funds Tongible assets 262,779 I.010,1c 1,272,879 Investments 133,603 133,603 Net current assets 91.750 91,750 488,132 I.010,1c 1,498,232 15
Stretham Chartty Notes to the financial statements Icontinued) For the Year Ended 31 December 2023 11 Analysls of net assets between funds (continued) Total Charity Funds 2022 Prioryear Unre5trfrted Endowment Funds Funds Tangible assets 265,015 I,oio,I 1,275,115 Investments 128,923 128,923 Net current assets 76,048 76,048 469,987 I,oio.ioo 1,480,087 11 Unrestrirted fvnds Current year Rysley Property ReseNe General Fund Total 2023 Balance at l Jan 2023 341,063 128,924 469,987 Net inCome/lexpenditvj 13.466 13,466 Net investment gain 4,679 4,679 Transfers Balance at 31 Dec 2023 354,529 133,603 488,132 16
Stretham Charity Note5 to the financial statements Itontinuedl Forthe Year Ended 31 Dember2o23 12 Unrestrirted funds (contlnuedj Prior year Rysley Property Reserve General Fund Total 2022 Balance at l Jan 2022 332,065 129,184 461,249 Net incomellexpenditurel 8.998 8.998 Net investment gain 12601 12601 Transfers Balance at 31 De¢ 2022 341.063 128.924 469,987 The Charitable Fixed Asset Fund represented tangible assets held for the charItS charltable use, with the exception of those funded by restricted funds detailed in note 13. The expenditure in the period is the depreciation of those assets. The transfer to the Fund represents the net disposal proceed5 of fixed assets in the year. Within the period it has been merged with the general funds for simplification. The Capital Fund represents funds held as Investments as designated by the trustees. The objective of the trustees is to establish a Capital Fund. the income from which will enable the charity to provide continued 5UPPOrt to its members. 13 Endowment funds Current year Balance ljan 2023 Balance 31 Dec 2023 Income Expendlture Permanent Endowment Fund i.oio.i(N) I,oio.100 Total restrirted funds i.oio,Ic I,oio,100 17
Stretham Charity Notes to the financial statements Icontinuedl For the Year Ended 31 Drnber 2023 13 Endowment funds Icontlnuedj Piior year Balance lJaTh 2022 Balance 31 Dec 2022 Income Expenditure Permanent Endowment Fund i.oio,I i.oio,ioo Total restrlrted funds i.oio.I i.oio,ioo The permanent endowment fund consists of= Approximate thirty-two acres of land in Starlock and Hay Fen Common, Stretham, as detailed in the Charity Commission's Regulating Scheme of 1913. Four cottages. No'5. 8. 10, 12 & 14 Top Street, Stretham, built in 1844. Entitlement to a proportion of the rent arising from an èstate at Upton, Cambridgeshire, as detailed In the Charity Commission's regulating Scheme of 1913. The land is the property o* Christ's College, Cambridge. The income is provided to the charity on an unrestricted basi5 for general use in pursuit of the charrtvs overall objectives. 14 Related PartyTransartlons During the year no related party transactions took place {2022.. £Nill 18
Stretham Charity Notes to the financial statements Icontinuedl For the Year Ended 31 December 2023 Comparative statemerrt of Ilnancial actlvftles by fund for the year ended 31 December 2022 Notes Unrestricted Endowment Funds Funds 2022 Total Funds 2021 Totsl Funds Income From: Rents Cottages 34.740 34,740 34,780 Allotments 3.814 3,814 3,316 Upton Ry51ey Trust Donations 56.298 56,298 1,424 95.752 95,752 39.520 Totsl Income 95.752 95,752 39.520 Expenditure on: ChoritobleArtivities Grants & assistance payments 18.540 18,540 9,483 Other expenditure Charity operations 68,214 68,214 16,723 Total expendtture 86,754 86.754 26.206 Net gain / Ilossesl on investments 1260} 12601 20,673 Net Income / {expènditure} 8.738 8.738 33,987 Transfers between funds Net movement in funds 8.738 8,738 33,987 Total fund5 brought forward Total fvnds carrled forward 461.249 469.987 i.oio,Ic I,oio.100 1,471.349 1,480,087 1.437,361 1,471,349 19
Stretham Charlty Note5 to the financial statements Icontinuedl For thè Year Ended 31 December 2023 The pages which follow do rkot form part ofthe statutory financial statements of the charity 20
Stretham Charity Notes to the financial statements Icontinuedl For the Year Ended 31 December 2023 Turnover Sales- Allotrnents Sales- Cottage Rental Upton Rysley Trust Other Revenue Total Tumover Cost of Sales Direct Wages Totsl Cost of Sal Gross Profft Administratlve Costs Audit & Accountancy Fees Depreciation Expense Educational Grant Hardship Grant Insurance IT Software and Consumables Printing & Stationery Repairs & Maintenance Repairs & Maintenance-Alotments Widow Grants Total Administrative Costs Surplus l {deficitl for the year Other Income Investment Dividends Investment Gain Total Other Income Net Movement In Funds 2023 4,079 36,469 2022 3,814 34,740 56,298 41W8 95,752 3,100 3,100 38,348 3,100 3,100 92,652 900 2.237 12,731 2,838 981 172 2.237 9,300 4.046 1,300 176 77 1,893 1,655 3.300 24,882 60,292 532 2,970 83,654 8.998 6,996 12,3171 4.679 18,145 6,115 16,3751 {2601 8,738 21