## 



## 

||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|