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2024-12-31-accounts
|
Page |
| Referenceand administrativedetails |
1 |
| Chairman's Report |
2 |
| Reportof the Trustees |
3 to 6 |
| Independent Examiner’s Report |
7 to 8 |
| Statement of Financial Activities |
9 |
| BalanceSheet |
10 to 11 |
| Notes to theFinancial Statements |
12 to 25 |
|
|
|
|
31.12.24 |
31.12.23 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
funds |
funds |
funds |
funds |
|
Notes |
£ |
£ |
£ |
£ |
| INCOME AND ENDOWMENTS FROM |
|
|
|
|
|
| Donations and legacies |
2 |
1 11,748 |
61,191 |
172,939 |
302,003 |
| Charitable activities |
5 |
|
|
|
|
| Suffolk Punch Trust Operations |
|
2,275 |
3,500 |
5,775 |
13,189 |
| Othertrading activities |
3 |
516,749 |
217 |
316,966 |
291,823 |
| Investment income |
4 |
1,527 |
- |
1,527 |
2,943 |
| Total |
|
432,299 |
64,908 |
497,207 |
609,958 |
| EXPENDITURE ON |
|
|
|
|
|
| Raising funds |
6 |
8,211 |
2,740 |
10,951 |
2,813 |
| Charitable activities |
7 |
|
|
|
|
| Suffolk PunchTrust Operations |
|
556,502 |
1,565 |
558,067 |
556,644 |
| Suffolk PunchTrust Support Services |
|
52,965 |
- |
52,965 |
42,987 |
| Total |
|
617,678 |
4,305 |
621,983 |
602,444 |
| NET INCOME/ (EXPENDITURE) |
|
(185,379) |
60,603 |
(124,776) |
7,514 |
| Otherrecognised gains/(losses) |
|
|
|
|
|
| Gains on revaluation of fixed assets |
|
34,215 |
|
34,215 |
16,925 |
| Transferbetween funds |
20 |
40,933 |
(40,933) |
- |
- |
| Net movement infunds |
|
(110,231) |
19,670 |
(90,561) |
24,439 |
| RECONCILIATION OF FUNDS |
|
|
|
|
|
| Total funds brought forward |
|
879,729 |
1,190,270 |
2,069,999 |
2,045,560 |
| TOTAL FUNDS CARRIED FORWARD |
|
769,498 |
1,209,940 |
1,979,438 |
2,069,999 |
|
|
|
|
31.12.24 |
31.12.23 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
funds |
funds |
funds |
funds |
|
Notes |
£ |
£ |
£ |
£ |
| FIXEDASSETS |
|
|
|
|
|
| Tangibleassets |
13 |
745,811 |
- |
745,811 |
704,766 |
| Heritageassets |
14 |
” |
1,187,167 |
1,187,167 |
1,187,167 |
|
|
745,811 |
1,187,167 |
1,932,978 |
1,891,933 |
| CURRENT ASSETS |
|
|
|
|
|
| Stocks |
15 |
5,797 |
- |
5,797 |
16,102 |
| Debtors |
16 |
5,248 |
- |
5,248 |
13,812 |
| Cash atbank in hand |
|
43,476 |
22,773 |
66,249 |
193,259 |
|
|
54,521 |
22,773 |
77,294 |
223,173 |
| CREDITORS |
|
|
|
|
|
| Amounts falling due within one year |
17 |
(30,834) |
" |
(30,834) |
(39,557) |
| NET CURRENTASSETS |
|
23,687 |
22,773 |
46,460 |
183,616 |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
769,498 |
1,209,940 |
1,979,438 |
2,075,549 |
| CREDITORS |
|
|
|
|
|
| Amounts falling due aftermore than one |
18 |
- |
- |
- |
(5,550) |
| year |
|
|
|
|
|
| NETASSETS |
|
769,498 |
1,209,940 |
1,979,438 |
2,069,999 |
| FUNDS |
20 |
|
|
|
|
| Unrestricted funds |
|
|
|
769,498 |
879,729 |
| Restricted funds |
|
|
|
1,209,940 |
1,190,270 |
|
|
|
|
1,979,438 |
2,069,999 |
| Entitlements |
|
Not depreciated |
| Freehold property |
|
Not depreciated |
| Visitor centre and cafeequipment |
|
Straight line over 3 years |
| Plant and machinery |
Miscellaneous equipment |
Straight line over 10 years |
| Plant and machinery |
Farm equipment |
Straight line over 10 years |
| Plant and machinery |
A1 equipment |
Straight line over 10 years |
| Livestock |
|
Not depreciated |
| Heritage artifacts |
|
Not depreciated |
| Motor vehicles |
|
Straight line over 10 years |
| DONATIONS AND LEGACIES |
|
|
|
|
|
Unrestricted |
Restricted |
Total |
Total |
|
funds |
funds |
funds |
funds |
|
31.12.24 |
31.12.24 |
31.12.24 |
31.12.23 |
|
£ |
£ |
£ |
£ |
| Gifts anddonations |
111,748 |
61,191 |
172,939 |
302,003 |
| Total 2023 |
282,404 |
19,599 |
302,003 |
|
| OTHER TRADING ACTIVITIES |
|
|
|
|
|
Unrestricted |
Restricted |
Total |
Total |
|
funds |
funds |
funds |
funds |
|
31.12.24 |
31.12.24 |
31.12.24 |
31.12.23 |
|
£ |
£ |
£ |
£ |
| Friends' contributions |
20,516 |
- |
20,516 |
23,401 |
| Covering and livery |
73,637 |
- |
73,637 |
39,383 |
| RPA Enterprise Scheme |
5,315 |
- |
5,315 |
6,910 |
| Shows and events |
3,817 |
- |
3,817 |
7,135 |
| Entrance fees |
87,902 |
- |
87,902 |
74,296 |
| Cafe sales |
77,389 |
- |
77,389 |
80,623 |
| Miscellaneous income |
2,429 |
- |
2,429 |
4,763 |
| Shop merchandise sales |
38,937 |
- |
38,937 |
46,997 |
| Adopt a horse scheme |
6,807 |
217 |
7,024 |
8,315 |
|
316,749 |
217 |
316,966 |
291,823 |
| INVESTMENT INCOME |
|
|
|
Unrestricted |
Unrestricted |
|
funds |
funds |
|
31.12.24 |
31.12.23 |
|
£ |
£ |
| Rents received |
558 |
558 |
| Deposit account interest |
969 |
2,385 |
|
1,527 |
2,943 |
|
|
|
|
Total |
Total |
|
|
|
|
funds |
funds |
|
|
|
|
31.12.24 |
31.12.23 |
|
Activity |
|
|
£ |
£ |
| Grants |
SuffolkPunch Tust Operations |
|
|
5,775 |
13,189 |
| Grants received, included in the above, areas follows: |
|
|
|
|
|
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
funds |
funds |
funds |
funds |
|
|
31.12.24 |
31.12.24 |
31.12.24 |
31.12.23 |
|
|
£ |
£ |
£ |
£ |
| Suffolk Horse Society |
|
- |
- |
- |
3,905 |
| National Lottery Community Fund |
|
- |
- |
- |
7,980 |
| Coast & Heaths AONB |
|
- |
- |
- |
1,304 |
| H&H Clients PremierHolmes |
|
- |
3,500 |
3,500 |
- |
| The Suffolk Coast Ltd |
|
2,275 |
“ |
2,275 |
“ |
|
|
2,275 |
3,500 |
5,775 |
13,189 |
| Total 2023 |
|
3,905 |
9,284 |
13,189 |
|
| RAISING FUNDS |
|
|
|
|
|
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
funds |
funds |
funds |
funds |
|
|
31.12.24 |
31.12.24 |
31.12.24 |
31.12.23 |
|
|
£ |
£ |
£ |
£ |
| Fundraising costs |
|
7,195 |
2,740 |
9,935 |
1,202 |
| Interest payable and similar charges |
|
1,016 |
“ |
1,016 |
1,611 |
|
|
8,211 |
2,740 |
10,951 |
2,813 |
| Total 2023 |
|
1,611 |
1,202 |
2,813 |
|
| CHARITABLE ACTIVITES COSTS |
|
|
|
Support |
|
|
|
|
Direct |
costs(see |
|
|
|
|
costs |
note 8) |
Totals |
|
|
|
£ |
£ |
£ |
| Suffolk Punch Trust Operations |
|
|
558,067 |
- |
558,067 |
| Suffok Punch Trust Support Sendees |
|
|
- |
52,965 |
52,965 |
|
|
|
558,067 |
52,965 |
611,032 |
| Total 2023 |
|
|
556,644 |
42,987 |
599,631 |
| 7 |
CHARITABLE ACTIVTTES COSTS (CONTINUED) |
CHARITABLE ACTIVTTES COSTS (CONTINUED) |
|
|
|
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
funds |
funds |
funds |
funds |
|
|
31.12.24 |
31.12.24 |
31.12.24 |
31.12.23 |
|
|
£ |
£ |
£ |
£ |
|
Analysis of SuffolkPunch Operations: |
|
|
|
|
|
Staff costs |
294.752 |
514 |
295.266 |
290,282 |
|
Livestockcosts |
74.305 |
- |
74,305 |
66,907 |
|
Cafe expenditure |
25,648 |
- |
25,648 |
24,544 |
|
Shop merchandise |
26.518 |
- |
26,518 |
28,399 |
|
Utilities |
25,077 |
- |
25,077 |
29,980 |
|
Insurance |
18,873 |
- |
18,875 |
17,074 |
|
Repairs and maintenance |
14,707 |
1,051 |
15,758 |
25,791 |
|
Depreciation |
44,532 |
- |
44,532 |
33,807 |
|
Motor and travel expenses |
22,981 |
- |
22,981 |
11,937 |
|
IT expenses |
2,130 |
- |
2,130 |
14,048 |
|
Other admin costs |
6,979 |
- |
6,979 |
13,876 |
|
|
556,502 |
1,565 |
558,067 |
556,644 |
| SUPPORT COSTS |
|
|
|
|
|
Governance |
|
|
Finance |
costs |
Totals |
|
£ |
£ |
£ |
| Supporting the continuation of the Suffolk Punch |
5,120 |
47,845 |
52,965 |
| Total 2023 |
5,590 |
37,397 |
42,987 |
| Analysis of Governance costs: |
|
31.12.24 |
31.12.23 |
|
|
£ |
£ |
| Independent examiner’s fees |
|
3,450 |
3,250 |
| Other fees payableto Independent examiner |
|
11,891 |
6,631 |
| Other accountancy fees* |
|
18,207 |
21,173 |
| Legal & professional fees |
|
14,297 |
6,343 |
|
|
47,845 |
57,397 |
|
31.12.24 |
31.12.23 |
|
£ |
£ |
| Depreciation - owned assets |
(44,532) |
(33,807) |
| Surplus on disposal of fixed assets |
5,958 |
700 |
| STAFF COSTS |
|
|
|
31.12.24 |
31.12.23 |
|
£ |
£ |
| Wagesand salaries |
302,350 |
300,595 |
| Other pension costs |
5,169_____5,242 |
|
|
307,519 |
305,837 |
| TANGIBLE FIXED ASSETS |
|
|
|
|
|
Visitor |
|
|
Freehold |
centre & |
Plant and |
|
property |
cafeeqpmt |
Machinery |
|
£ |
£ |
£ |
| COST |
|
|
|
| At 1 January 2024 |
564,264 |
99,039 |
70,094 |
| Additions |
2,213 |
3,546 |
20,604 |
| Transfer |
(54,495) |
- |
54,495 |
| At 31 December 2024 |
511,982 |
102,585 |
145,193 |
| DEPRECIATION |
|
|
|
| At 1 January 2024 |
114,535 |
70,057 |
24,049 |
| Charge for year |
- |
20,430 |
13,861 |
| Transfer |
(6,094) |
- |
6,094 |
| At 31 December 2024 |
108,441 |
90,487 |
44,004 |
| NET BOOK VALUE |
|
|
|
| At 31 December 2024 |
403,541 |
12,098 |
101,189 |
| At 31 December 2023 |
449,729 |
28,982 |
46,045 |
|
|
Heritage |
Motor |
|
|
Livestock |
artefacts |
vehicles |
Totals |
|
£ |
£ |
£ |
£ |
| COST |
|
|
|
|
| At 1 January 2024 |
124,176 |
7,430 |
84,655 |
949,658 |
| Additions |
38,214 |
- |
25,000 |
89,577 |
| Disposals |
(4,000) |
- |
- |
(4,000) |
| At 31 December 2024 |
158,390 |
7,430 |
109,655 |
1,035,235 |
| DEPRECIATION |
|
|
|
|
| At 1 January 2024 |
- |
- |
36,251 |
244,892 |
| Charge for year |
- |
- |
10,241 |
44,532 |
| At 31 December 2024 |
- |
- |
46,492 |
289,424 |
| NET BOOK VALUE |
|
|
|
|
| At 31 December 2024 |
158,390 |
7,430 |
63,163 |
745,811 |
| At 31 December 2023 |
124,176 |
7,430 |
48,404 |
704,766 |
| HERITAGE ASSETS |
|
|
Total |
|
£ |
| COST |
|
| At 1 January 2024and 31 December 2024 |
1,187,167 |
| NETBOOK VALUE |
|
| At 31 December 2024 |
1,187,167 |
| At 31 December 2023 |
1,187,167 |
| 15. |
STOCKS |
|
|
|
|
31.12.24 |
31.12.23 |
|
|
£ |
£ |
|
Stocks |
5,797 |
16,102 |
| 16. |
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
31.12.24 |
31.12.23 |
|
|
£ |
£ |
|
Tradedebtors |
3,357 |
6,558 |
|
Otherdebtors |
1,264 |
- |
|
VAT |
- |
5,068 |
|
Prepaymentsand accrued income |
627 |
2,186 |
|
|
5,248 |
13,812 |
|
31.12.24 |
31.12.23 |
|
£ |
£ |
| Hire purchase (see note 19) |
5,764 |
6,881 |
| Trade creditors |
10,230 |
7,175 |
| Social security and other taxes |
3,344 |
5,464 |
| AE pension |
1,565 |
1,059 |
| Accruals anddeferred income |
5,467 |
18,978 |
| VAT |
4,464 |
- |
|
30,834 |
39,557 |
| CREDITORS: AMOUNTS FALLING DUEAFTER MORE THAN ONE YEAR |
|
|
|
31.12.24 |
31.12.23 |
|
£ |
£ |
| Hire purchase (see note 19) |
- |
5,550 |
| LEASINGAGREEMENTS |
|
|
| Minimum lease payments fall due as follows: |
|
|
|
Hire purchase |
contracts |
|
31.12.24 |
31.12.23 |
|
£ |
£ |
| Net obligations repayable: |
|
|
| Withinone year |
5,764 |
6,881 |
| Between one and five years |
- |
5,550 |
|
5,764 |
12,431 |
|
Non-cancellable |
|
|
Operating leases |
|
|
31.12.24 |
31.12.23 |
|
£ |
£ |
| Within one year |
1,580 |
1,580 |
| Between one and five years |
132 |
1,712 |
|
1,712 |
3,292 |
| MOVEMENT IN FUNDS |
|
|
|
|
|
|
Transfer to |
|
|
|
|
correct |
Net |
|
|
|
opening |
Movement |
|
|
1.1.24 |
balance |
in funds |
31.12.24 |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| General funds |
879,729 |
(104,865) |
(144,446) |
630,418 |
| Livestock fund |
|
104,865 |
54,215 |
159,080 |
|
879,729 |
- |
(110,231) |
769,498 |
| Restricted funds |
|
|
|
|
| Capital purchase fund |
1,085,405 |
101,762 |
|
1,187,167 |
| Other restricted funds |
- |
3,103 |
19,670 |
22,773 |
| Revaluation reserve |
104,865 |
(104,865) |
“ |
- |
|
1,190,270 |
- |
19,670 |
1,209,940 |
| TOTAL FUNDS |
2,069,999 |
_ |
(90,561) |
1,979,438 |
|
Incoming |
Resources |
|
Gains and |
Movement |
|
resources |
expended |
Transfers |
losses |
in funds |
|
£ |
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
|
| General funds |
432,299 |
(617,678) |
40,933 |
. |
(144,446) |
| Livestock fund |
- |
- |
- |
34,215 |
34,215 |
| Restricted funds |
|
|
|
|
_ |
| Capital purchase fund |
64,908 |
(4,305) |
(40,933) |
- |
19,670 |
|
64,908 |
(4,305) |
(40,933) |
- |
19,670 |
| TOTAL FUNDS |
497,207 |
(621,983) |
- |
34,215 |
(90,561) |
| Restricted funds analysis as at 31 December |
|
2024 |
|
|
|
|
|
|
|
|
£ |
| Heritage assets |
|
|
|
|
1,187,167 |
| The SuffolkFreemansons - Solar panels |
|
|
|
|
20,773 |
| AliceNoakes - Field Shelters |
|
|
|
|
2,000 |
|
|
|
|
|
1,209,940 |
|
|
Net |
Transfers |
|
|
|
At |
Movement |
between |
|
At |
|
1.1.23 |
in funds |
funds |
|
31.12.23 |
|
£ |
£ |
£ |
|
£ |
| Unrestrictedfunds |
|
|
|
|
|
| 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 |
| Restrictedfunds |
|
|
|
|
|
| Capital purchase fund |
28,883 |
0,202) |
(535,226) |
- |
(507,545) |
| Revaluation reserve |
“ |
“ |
|
16,925 |
16,925 |
|
28,883 |
0,202) |
(535,226) |
16,925 |
(490,620) |
| TOTALFUNDS |
609,958 |
(602,444) |
- |
16,925 |
24,439 |
|
Unrestricted |
Restricted |
Total |
|
funds |
funds |
funds |
|
2024 |
2024 |
2024 |
|
£ |
£ |
£ |
| Tangible fixed assets |
745,811 |
- |
745,811 |
| Heritage assets |
- |
1,187,167 |
1,187,167 |
| Current assets |
54,521 |
22,773 |
77,294 |
| Creditors due within one year |
(30,834) |
- |
(30,834) |
| Total |
769,498 |
1,209,940 |
1,979,438 |
| Analysis of net assets between funds - prior year |
|
|
|
|
Unrestricted |
Restricted |
Total |
|
funds |
funds |
funds |
|
2023 |
2023 |
2023 |
|
£ |
£ |
£ |
| Tangible fixed assets |
704,766 |
- |
704,766 |
| Heritage assets |
- |
1,187,167 |
1,187,167 |
| Current assets |
220,070 |
3,103 |
223,173 |
| Creditors due within one year |
(39,557) |
- |
(39,557) |
| Creditors due after more thanoneyear |
(5,550) |
- |
(5,550) |
| Total |
879,729 |
1,190,270 |
2,069,999 |