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2023-12-31-accounts
|
Page |
| Reference and administrative details |
1 |
| Chairman's Report |
2 |
| Report of the Trustees |
3 to 6 |
| Independent Examiner's Report |
7 to 8 |
| Statement of Financial Activities |
9 |
| Balance Sheet |
10 to 11 |
| Notes to the Financial Statements |
12 to 25 |
|
|
|
|
31.12.23 |
31.12.22 |
|
|
**Unrestricted ** |
Restricted |
Total |
Total |
|
|
funds |
funds |
funds |
funds |
|
Notes |
£ |
£ |
£ |
£ |
| INCOME AND ENDOWMENTS FROM |
|
|
|
|
|
| Donations andlegacies |
2 |
282,404 |
19,599 |
302,003 |
132,703 |
| Charitable activities |
5 |
|
|
|
|
| Suffolk PunchTrust Operations |
|
3,905 |
9,284 |
13,189 |
46,016 |
| Other trading activities |
3 |
291,823 |
- |
291,823 |
289,472 |
| Investmentincome |
4 |
2,943 |
- |
2,943 |
1,177 |
| Total |
|
581,075 |
28,883 |
609,958 |
469,368 |
| EXPENDITURE ON |
|
|
|
|
|
| Raising funds |
6 |
1,611 |
1,202 |
2,813 |
462 |
| Charitableactivities |
7 |
|
|
|
|
| Suffolk Punch Trust Operations |
|
556,644 |
|
556,644 |
489,706 |
| Suffolk Punch Trust Support Services |
|
42,987 |
- |
42,987 |
44,084 |
| Total |
|
601,242 |
1,202 |
602,444 |
534,252 |
| NET INCOME/ (EXPENDITURE) |
|
(20,167) |
27,681 |
7,514 |
(64,884) |
| Other recognised gains/(losses) |
|
|
|
|
|
| Gains onrevaluation of fixed assets |
|
. |
16,925 |
16,925 |
2,040 |
| Transfer betweenfunds |
20 |
535,226 |
(535,226) |
- |
- |
| Net movement in funds |
|
515,059 |
(490,620) |
24,439 |
(62,844) |
| RECONCILIATION OF FUNDS |
|
|
|
|
|
| Total fundsbroughtforward |
|
364,670 |
1,680,890 |
2,045,560 |
2,108,404 |
| TOTAL FUNDS CARRIED FORWARD |
|
879,729 |
1,190,270 |
2,069,999 |
2,045,560 |
|
|
|
|
31.12.23 |
31.12.22 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
funds |
funds |
funds |
funds |
|
Notes |
£ |
£ |
£ |
£ |
| FIXED ASSETS |
|
|
|
|
|
| Tangibleassets |
13 |
704,766 |
- |
704,766 |
641,239 |
| Heritage assets |
14 |
|
1,187,167 |
1,187,167 |
1,187,167 |
|
|
704,766 |
1,187,167 |
1,891,933 |
1,828,406 |
| CURRENT ASSETS |
|
|
|
|
|
| Stocks |
15 |
16,102 |
- |
16,102 |
12,514 |
| Debtors |
16 |
13,812 |
- |
13,812 |
13,480 |
| Cashat bankin hand |
|
190,156 |
3,103 |
193,259 |
229,992 |
|
|
220,070 |
3,103 |
223,173 |
255,986 |
| CREDITORS |
|
|
|
|
|
| Amounts falling due within one year |
17 |
(39,557) |
“ |
(39,557) |
(26,480) |
| NET CURRENT ASSETS |
|
180,513 |
3,103 |
183,616 |
229,506 |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
885,279 |
1,190,270 |
2,075,549 |
2,057,912 |
| CREDITORS |
|
|
|
|
|
| Amountsfalling due after more than one |
18 |
(5,550) |
- |
(5,550) |
(12,352) |
| year |
|
|
|
|
|
| NET ASSETS |
|
879,729 |
1,190,270 |
2,069,999 |
2,045,560 |
| FUNDS |
20 |
|
|
|
|
| Unrestricted funds |
|
|
|
879,729 |
364,670 |
| Restrictedfunds |
|
|
|
1,190,270 |
1,680,890 |
|
|
|
|
2,069,999 |
2,045,560 |
| DONATIONS AND LEGACIES |
|
|
|
|
|
**Unrestricted ** |
Restricted |
Total |
Total |
|
funds |
funds |
funds |
funds |
|
31.12.23 |
31.12.23 |
31.12.23 |
31.12.22 |
|
£ |
£ |
£ |
£ |
| Gifts anddonations |
282,404 |
19,599 |
302,003 |
132,703 |
| Total 2022 |
132,703 |
_ |
132,703 |
|
| OTHER TRADING ACTIVITIES |
|
|
|
|
|
|
|
**Unrestricted ** |
Unrestricted |
|
|
|
funds |
funds |
|
|
|
31.12.23 |
31.12.22 |
|
|
|
£ |
£ |
| Friends’ contributions |
|
|
23,401 |
22,802 |
| Covering and livery |
|
|
39,383 |
52,298 |
| RPA EnterpriseScheme |
|
|
6,910 |
8,505 |
| Shows and events |
|
|
7,135 |
4,416 |
| Entrancefees |
|
|
74,296 |
75,641 |
| Cafe sales |
|
|
80,623 |
68,064 |
| Miscellaneous income |
|
|
4,763 |
11,570 |
| Shop merchandise sales |
|
|
46,997 |
37,690 |
| Adopt a horse scheme |
|
|
8,315 |
8,486 |
|
|
|
291,823 |
289,472 |
| INVESTMENT INCOME |
|
|
|
|
|
|
|
**Unrestricted ** |
Unrestricted |
|
|
|
funds |
funds |
|
|
|
31.12.23 |
31.12.22 |
|
|
|
£ |
£ |
| Rents received |
|
|
558 |
558 |
| Depositaccount interest |
|
|
2,385 |
619 |
|
|
|
|
Total |
|
Total |
|
|
|
|
funds |
|
funds |
|
|
|
|
31.12.23 |
|
31.12.22 |
|
Activity |
|
|
£ |
|
£ |
| Grants |
SuffolkPunch Tust Operations |
|
|
13,189 |
|
46,016 |
| Grants received, included in the above, are as follows: |
|
|
|
|
|
|
|
|
**Unrestricted ** |
Restricted |
Total |
|
Total |
|
|
funds |
funds |
funds |
|
funds |
|
|
31.12.23 |
31.12.23 |
31.12.23 |
|
31.12.22 |
|
|
£ |
£ |
£ |
|
£ |
| Suffolk County Council |
|
- |
- |
- |
|
3,830 |
| Suffolk Horse Society |
|
3,905 |
- |
3,905 |
|
4,870 |
| Landfill CommunityFund |
|
- |
- |
- |
|
27,116 |
| Country trust |
|
- |
- |
- |
|
200 |
| National Lottery Community Fund |
|
- |
7,980 |
7,980 |
|
10,000 |
| Coast & Heaths AONB |
|
' |
1,304 |
1,304 |
|
|
|
|
3,905 |
9,284 |
13,189 |
|
46,016 |
| Total 2022 |
|
5,070 |
40,946 |
46,016 |
|
|
| RAISING FUNDS |
|
|
|
|
|
|
|
|
Unrestricted |
Restricted |
Total |
|
Total |
|
|
funds |
funds |
funds |
|
funds |
|
|
31.12.23 |
31.12.23 |
31.12.23 |
|
31.12.22 |
|
|
£ |
£ |
£ |
|
£ |
| Fundraising costs |
|
- |
1,202 |
1,202 |
|
- |
| Interest payable and similar charges |
|
1,611 |
|
1,611 |
|
462 |
|
|
1,611 |
1,202 |
2,813 |
|
462 |
| Total 2022 |
|
462 |
|
462 |
|
|
|
|
|
— - |
|
- |
|
| CHARITABLE ACTIVITES COSTS |
|
|
|
Support |
|
|
|
|
|
Direct |
costs (see |
|
|
|
|
|
costs |
note 8) |
|
Totals |
|
|
|
£ |
£ |
|
£ |
| Suffolk Punch Trust Operations |
|
|
556,644 |
- |
|
556,644 |
| SuffokPunch Trust Support Services |
|
|
- |
42,987 |
|
42,987 |
|
|
|
556,644 |
42,987 |
|
599,631 |
| Total 2022 |
|
|
489,706 |
44,084 |
|
533,790 |
| **7 ** |
CHARITABLE ACTIVITES COSTS (CONTINUED) |
|
|
|
|
31.12.23 |
31.12.22 |
|
Analysis of Suffolk Punch Operations: |
£ |
£ |
|
Staff costs |
290,282 |
259,377 |
|
Livestock costs |
66,907 |
61,824 |
|
Cafe expenditure |
24,544 |
21,248 |
|
Shop merchandise |
28,399 |
22,223 |
|
Utilities |
29,980 |
27,324 |
|
Insurance |
17,074 |
13,851 |
|
Repairs and maintenance |
25,791 |
22,086 |
|
Depreciation |
33,807 |
31,857 |
|
Motor and travel expenses |
11,937 |
10,449 |
|
FT expenses |
14,048 |
1,691 |
|
Other admin costs |
13,876 |
17,776 |
|
|
556,644 |
489,706 |
| SUPPORT COSTS |
|
|
|
|
|
Governance |
|
|
Finance |
costs |
Totals |
|
£ |
£ |
£ |
| Supporting the continuation of the Suffolk Punch |
5,590 |
37,397 |
42,987 |
| Total 2022 |
4,195 |
39,889 |
44,084 |
| Analysis of Governance costs: |
|
31.12.23 |
31.12.22 |
|
|
£ |
£ |
| Independent examiner s fees |
|
3,250 |
3,000 |
| Otherfeespayable to Independent examiner |
|
6,631 |
4,798 |
| Other accountancy fees* |
|
21,173 |
20,591 |
| Legal & professional fees |
|
6,343 |
11,510 |
|
|
37,397 |
39,899 |
|
31.12.23 |
31.12.22 |
|
£ |
£ |
| Depreciation -ownedassets |
(33,807) |
(31,857) |
| Surplus on disposal of fixedassets |
700 |
4,600 |
|
31.12.23 |
31.12.22 |
|
£ |
£ |
| Wages and salaries |
300,595 |
256,175 |
| Other pensioncosts |
5,242 |
3,202 |
|
305,837 |
259,377 |
|
31.12.23 |
31.12.22 |
| Administrative expenses |
11 |
11 |
| TANGIBLE FIXED ASSETS |
|
|
|
|
|
Visitor |
|
|
Freehold |
centre & |
Plant and |
|
property |
cafe eqpmt |
Machinery |
|
£ |
£ |
£ |
| COST |
|
|
|
| At 1 January 2023 |
523,726 |
88,388 |
50,394 |
| Additions |
40,538 |
10,651 |
19,700 |
| Disposals |
- |
- |
- |
| At 31 December 2023 |
564,264 |
99,039 |
70,094 |
| DEPRECIATION |
|
|
|
| At 1 January2023 |
114,535 |
50,256 |
16,901 |
| Charge for year |
- |
19,801 |
7,148 |
| Eliminated ondisposal |
- |
- |
- |
| At 31 December 2023 |
114,535 |
70,057 |
24,049 |
| NET BOOK VALUE |
|
|
|
| At 31 December2023 |
449,729 |
28,982 |
46,045 |
| At 31 December 2022 |
409,191 |
38,132 |
33,493 |
|
|
Heritage |
Motor |
|
|
Livestock |
artefacts |
vehicles |
Totals |
|
£ |
£ |
£ |
£ |
| COST |
|
|
|
|
| At 1 January 2023 |
107,251 |
6,730 |
75,835 |
852,324 |
| Additions |
17,425 |
700 |
8,820 |
97,834 |
| Disposals |
(500) |
“ |
|
(500) |
| At 31 December2023 |
124,176 |
7,430 |
84,655 |
949,658 |
| DEPRECIATION |
|
|
|
|
| At 1 January 2023 |
- |
- |
29,393 |
211,085 |
| Chargefor year |
|
|
6,858 |
33,807 |
| Eliminatedon disposal |
- |
- |
|
|
| At 31 December2023 |
- |
- |
36,251 |
244,892 |
| NET BOOK VALUE |
|
|
|
|
| At 31 December2023 |
124,176 |
7,430 |
48,404 |
704,766 |
| At 31 December 2022 |
107,251 |
6,730 |
46,442 |
641,239 |
| HERITAGE ASSETS |
|
|
Total |
|
£ |
| COST |
|
| At 1 January 2023 and 31 December2023 |
1,187,167 |
| NET BOOK VALUE |
|
| At 31 December 2023 |
1,187,167 |
| At 31 December 2022 |
1,187,167 |
| 15. |
STOCKS |
|
|
|
|
31.12.23 |
31.12.22 |
|
|
£ |
£ |
|
Stocks |
16,102 |
12,514 |
| 16. |
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
31.12.23 |
31.12.22 |
|
|
£ |
£ |
|
Trade debtors |
6,558 |
3,831 |
|
Other debtors |
- |
387 |
|
VAT |
5,068 |
5,507 |
|
Prepayments and accruedincome |
2,186 |
3,755 |
|
|
13,812 |
13,480 |
|
31.12.23 |
31.12.22 |
|
£ |
£ |
| Hire purchase (see note 19) |
6,881 |
6,189 |
| Trade creditors |
7,175 |
8,071 |
| Social security and other taxes |
5,464 |
- |
| AE pension |
1,059 |
1,025 |
| Accruals anddeferred income |
18,978 |
11,195 |
|
39,557 |
26,480 |
| CREDITORS: AMOUNTS FALLING DUE AFTER MORE |
THAN ONE YEAR |
|
|
31.12.23 |
31.12.22 |
|
£ |
£ |
| Hire purchase(see note 19) |
5,550 |
12,352 |
| LEASING AGREEMENTS |
|
|
| Minimum lease payments falldue as follows: |
|
|
|
Hirepurchase |
contracts |
|
31.12.23 |
31.12.22 |
|
£ |
£ |
| Net obligations repayable: |
|
|
| Withinone year |
6,881 |
6,189 |
| Betweenone and five years |
5,550 |
12,352 |
|
12,431 |
18,541 |
|
Non-cancellable |
|
|
Operating leases |
|
|
31.12.23 |
31.12.22 |
|
£ |
£ |
| Within one year |
1,580 |
2,543 |
| Between oneand five years |
1,712 |
4,266 |
|
3,292 |
6,809 |
| MOVEMENT IN FUNDS |
|
|
|
|
|
Net |
|
|
|
Movement |
|
|
1.1.23 |
in funds |
31.12.23 |
|
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
| General funds |
364,670 |
515,059 |
879,729 |
| Restricted funds |
|
|
|
| Capital purchase fund |
1,592,950 |
(507,545) |
1,085,405 |
| Revaluation reserve |
87,940 |
16,925 |
104,865 |
|
1,680,890 |
(490,620) |
1,190,270 |
| TOTAL FUNDS |
2,045,560 |
24,439 |
2,069,999 |
|
Incoming |
Resources |
|
Gains and |
Movement |
|
resources |
expended |
Transfers |
losses |
in funds |
|
£ |
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
|
| General funds |
581,075 |
(601,242) |
535,226 |
- |
515,059 |
| Restricted funds |
|
|
|
|
|
| Capital purchase fund |
28,883 |
(1,202) |
(535,226) |
- |
(507,545) |
| Revaluation reserve |
* |
“ |
|
16,925 |
16,925 |
|
28,883 |
(1,202) |
(535,226) |
16,925 |
(490,620) |
| TOTAL FUNDS |
609,958 |
(602,444) |
- |
16,925 |
24,439 |
|
£ |
| Heritage assets |
1,187,167 |
| TheSuffolk Freemansons - Solar panels |
1,476 |
| National Lottery Community Fund - Picnic tables |
1,525 |
| Coasts & Heaths ANOB - Rubbing trail |
102 |
|
1,190,270 |
| **Comparatives for movement in ** |
funds |
|
|
|
|
|
Net |
Transfers |
|
|
At |
Movement |
between |
At |
|
1.1.22 |
infunds |
funds |
31.12.22 |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| General funds |
469,470 |
(104,800) |
|
364,670 |
| Restricted funds |
|
|
|
|
| Capital purchase fund |
1,553,034 |
39,916 |
- |
1,592,950 |
| Revaluation reserve |
85,900 |
2,040 |
|
87,940 |
|
1,638,934 |
41,956 |
- |
1,680,890 |
| TOTAL FUNDS |
2,108,404 |
(62,844) |
- |
2,045,560 |
|
Incoming |
Resources |
Gains and |
Movement |
|
resources |
expended |
losses |
in funds |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| Generalfunds |
428,422 |
(533,222) |
- |
(104,800) |
| Restricted funds |
|
|
|
|
| Capitalpurchase fund |
40,946 |
(1,030) |
- |
39,916 |
| Revaluation reserve |
|
‘ |
2,040 |
2,040 |
|
40,946 |
(1,030) |
2,040 |
41,956 |
| TOTAL FUNDS |
469,368 |
(534,252) |
2,040 |
(62,844) |
|
Unrestricted |
Restricted |
Total |
|
funds |
funds |
funds |
|
2023 |
2023 |
2023 |
|
£ |
£ |
£ |
| Tangible fixed assets |
704,766 |
- |
704,766 |
| Heritageassets |
- |
1,187,167 |
1,187,167 |
| Current assets |
220,070 |
3,103 |
223,173 |
| Creditors due within one year |
(39,557) |
- |
(39,557) |
| Creditors dueafter more than one year |
(5,550) |
- |
(5,550) |
| Total |
879,729 |
1,190,270 |
2,069,999 |
|
Unrestricted |
Restricted |
Total |
|
funds |
funds |
funds |
|
2022 |
2022 |
2022 |
|
£ |
£ |
£ |
| Tangiblefixed assets |
217,552 |
423,687 |
641,239 |
| Heritage assets |
- |
1,187,167 |
1,187,167 |
| Current assets |
185,950 |
70,036 |
255,986 |
| Creditors due within one year |
(26,480) |
- |
(26,480) |
| Creditorsdue after morethan one year |
(12,352) |
- |
(12,352) |
| Total |
364,670 |
1,680,890 |
2,045,560 |