| Page | |||
|---|---|---|---|
| Report ofthe | Trustees | 1to 2 | |
| Independent | Examiner's | Report | |
| Statement of | Financial Activities | 4to5 | |
| Reconciliation | of Funds | ||
| Assets 5 Liabilities | |||
| Notes to the | Financial Statements | 8to 9 |
| 31.08.22 | 31.08.21 | |||||
|---|---|---|---|---|---|---|
| Notes | General | Almshouse | Total | Total | ||
| to Accounts | Fund | Fund | funds | funds | ||
| INCOMING RESOURCES |
||||||
| Activities for Generating | Funds | |||||
| Common Goings |
10,920 | 10,920 | 7,800 | |||
| Town Lands | 5,453 | 5,453 | 5,816 | |||
| Market tolls 5 licences | 1,141 | 1,141 | 1,494 | |||
| Investments | 15,467 | 15,467 | 13,765 | |||
| Donations, legacies S.grants |
1,000 | 1,000 | 10 | |||
| Rent —Almshouses |
58,499 | 58,499 | 59,677 | |||
| Bank interest | 144 | 137 | 281 | 100 | ||
| TOTAL REVENUE INCOME | 34,124 | 58,636 | 92,760 | 88,662 |
| 31.08.22 | 31.08.21 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | General | Almshouse | Total | Total | ||||
| to | Accounts | Fund | Fund | funds | funcls | |||
| RESOURCES EXPENDED | ||||||||
| Buttercross | 1,937 | 1,937 | 1,567 | |||||
| Heritage (Hills, |
Well, Drift) | 1,932 | 1,932 | 1,483 | ||||
| Clerk salary | 2,796 | 2,796 | 5,592 | 5,542 | ||||
| Insurance &professional |
fees | 2,759 | 1,638 | 4,397 | 4,121 | |||
| Accountancy | 408 | 408 | 816 | 816 | ||||
| Websters charity |
554 | 554 | 554 | |||||
| Hampers | 227 | 227 | 130 | |||||
| Drainage rates | 100 | 100 | 90 | |||||
| Circle 67 | 238 | 238 | 130 | |||||
| Town meeting | 462 | 462 | 0 | |||||
| Office & admin | 106 | 34 | 139 | 70 | ||||
| Market costs | 920 | 920 | 141 | |||||
| Zoom | 144 | 144 | 144 | |||||
| Allowances &, honorariums |
1,100 | 1,100 | ||||||
| Misc | 0 | 1,106 | ||||||
| Routine repairs, | maintenance | &cleaning | 15,903 | 15,903 | 8,696 | |||
| Mortgage interest |
13,256 | 13,256 | 12,085 | |||||
| Expenditure -Projects |
||||||||
| Donations &grants |
6,850 | 6,850 | 5,793 | |||||
| Buttercross | 6,368 | 6,368 | 0 | |||||
| Castle hills etc | 272 | 272 | ||||||
| Other —Reeves |
celebrations | 1,148 | 1,148 | |||||
| Total Revenue | Expenditure | 28,175 | 34,179 | 62,354 | 42,467 | |||
| NET INCOMING | RESOURCES | 5,948 | 24,458 | 30,406 | 46,195 |
| 31.08.22 | 31.08.21 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | General | Almshouse | Total | Total | |||
| to Accounts | Fund | Fund | funds | funds | |||
| E | f | ||||||
| RECONCILIATION OF |
FUNDS | ||||||
| REVENUE INCOMING | RESOURCES | 5,948 | 24,458 | 30,406 | 46,195 | ||
| CAPITAL INCOMING | RESOURCES | 35,137 | (17,923) | 17,214 | (26,537) | ||
| Total - surplus/(deficit) | 41,085 | 6,535 | 47,620 | 19,658 | |||
| OPERATING PROFIT/LOSS | |||||||
| Cash funds brought forward 2021 |
220,495 | 38,533 | 259,028 | 239,369 | |||
| Cash funds carried forward | 2022 | 261,580 | 45,068 | 306,648 | 259,028 | ||
| Retained Earnings |
1,577,169 | 1,596,328 | |||||
| Total ofcash and retained | earnings | 1,883,817 | 1,855,356 |
| for the Year | Ended 31Au us |
t 2022 | ||||
|---|---|---|---|---|---|---|
| 31.08.22 | 31.08.21 | |||||
| Notes | General | Almshouse | Total | Total | ||
| to Accounts | Fund | Fund | funds | funds | ||
| f | f | f | f | |||
| ASSETS&LIABILITIES | ||||||
| Freehold property | ||||||
| Goings (valued 2015) | 300,000 | 300,000 | 300,000 | |||
| Land (valued 2015) | 369,000 | 369,000 | 369,000 | |||
| Outney Road Almshouses |
(valued 2015) | 700,000 | 700,000 | 700,000 | ||
| Staithe Close Almshouses | (valued 2015) | 320,000 | 320,000 | 320,000 | ||
| Total Fixed Assets at Valuation | 669 000 | 1,020000 | 1,689 000 | 1689000 | ||
| Cash funds | ||||||
| Barclays Bank | 37,077 | 37,077 | 4,378 | |||
| COIF General Deposit Fund 125210002C |
45,726 | 45,726 | 38,312 | |||
| Barclays Bank | 6,694 | 6,694 | 14,446 | |||
| COIF A/H Deposit Fund 125210001C | 42,978 | 42,978 | 27,840 | |||
| Total Cash Funds | 82,803 | 49,672 | 132,474 | 84,976 | ||
| Investments at Valuation |
||||||
| COIF Charities Investment | Fund 125210001T | 195,235 | 195,235 | 204,937 | ||
| COIF Charities Property |
Fund 125210001V | 42,015 | 42,015 | 37,620 | ||
| Charities Property Fund |
49,850 | 49,850 | 42,076 | |||
| M846 Charifund | 53,623 | 53,623 | 57,099 | |||
| COIF Charities investment | Fund 125210001R | 575 | 575 | 587 | ||
| Schroders | 76 194 | 76194 | 77 117 | |||
| Total Investments at Valuation |
417490 | 0 | 417490 | 419436 | ||
| Debtors | ||||||
| Bungay Community Centre Loan |
0 | 33,634 | ||||
| Debtors (Goings, Market | tolls) | 160 | 160 | 53 | ||
| Total Assets | 160 | 160 | 33687 | |||
| Liabilities | ||||||
| Charity Bank Mortgage |
343,426 | 343,426 | 354,596 | |||
| Almshouse Association |
Loan | 10,500 | 10,500 | 15,750 | ||
| Creditors | 782 | 782 | 797 | |||
| Accountancy | 300 | 300 | 600 | 600 | ||
| Total Liabilities | 1082 | 354 226 | 355308 | 371743 | ||
| BALANCE SHEET TOTAL | 1,168,371 | 715,446 | 1,883,817 | 1,855,356 |
| fo | r the Year Ended 31Au u | st 2022 | ||||
|---|---|---|---|---|---|---|
| 31.08.22 | ||||||
| General | Almshouse | Total | ||||
| Fund | Fund | funds | ||||
| E | f | E | ||||
| 1. Town Lands |
||||||
| Payprop client account |
2,633 | 2,633 | ||||
| Tim Basey-Fisher | 317 | 317 | ||||
| G Crickmore | 247 | 247 | ||||
| Fen Farm Dairy | 2,256 | 2,256 | ||||
| 5,453 | 5,453 | |||||
| 2. Investments |
||||||
| The Charities Property |
Fund | 1,728 | 1,728 | |||
| Schroders | 3,490 | 3,490 | ||||
| M&G Charifund | 2,889 | 2,889 | ||||
| Stow Fen | 90 | 90 | ||||
| COIF Accounts | 7,270 | 7,270 | ||||
| 15,467 | 15,467 | |||||
| 3. Donations |
& | Grants | ||||
| Wish Upon a Star | 1,500 | 1,500 | ||||
| East Anglian Schools Trust |
100 | 100 | ||||
| Black Dog Running | Club | 225 | 225 | |||
| Bungay Museum | Trust | 1,700 | 1,700 | |||
| Bungay Community | Centre | 3,265 | 3,265 | |||
| RBLWreath | 60 | 60 | ||||
| 6,850 | 6,850 |
| for the Year | Ended 31Au | ust 2022 | ||||
|---|---|---|---|---|---|---|
| 31.08.22 | 31.08.21 | |||||
| General | Almshouse | Total | Tota I |
|||
| Fund | Fund | funds | funds | |||
| E | E | E | f | |||
| 4. Capital Incoming Resources |
||||||
| Capital Account - Receipts | ||||||
| Transfer between funds | ||||||
| Barclays 4038to/from Barclays 4003 COIF 125210001Cfrom Barclays 80164038 |
1,503 | 15,000 | 1,503 15,000 |
0 15,000 |
||
| Town Dinner Acc from Barclays 40164003 | 0 | 100 | ||||
| Other | ||||||
| Bungay community centre loan |
repayments | 33,634 | 33,634 | |||
| Total Capital Receipts | 35,137 | 15,000 | 50,137 | 15,100 | ||
| Capital Account - Payments | ||||||
| Transfer between funds |
||||||
| Barclays 80164038to/from Barclays 40164003 |
1,503 | 1,503 | ||||
| Barclays 80164038to COIF 125210001C | 15,000 | 15,000 | 15,000 | |||
| Barclays 40164003to Town Dinner | Acc | 100 | ||||
| Other | ||||||
| Barclays to Charity Bank Mortgage |
11,170 | 11,170 | 11,206 | |||
| Barclays to Almshouse Association |
Loan | 5,250 | 5,250 | 5,250 | ||
| Barclays to Bungay community | centre | 10,081 | ||||
| Total Capital Payments |
32,923 | 32,923 | 41,637 | |||
| Total Capital Resources Expended | 35 137 | ~17923 | 17214 | 26 537 | ||
| 5. Revaluation of Investments |
At | Increase/ | At | |||
| 31.08.21 | (Decrease) | 31.08.22 | ||||
| COIF Charities Investment Fund |
125210001T | 204,937 | (9,702) | 195,235 | ||
| COIF Charities Property Fund 125210001V Charities Property Fund |
37,620 42,076 |
4,395 7,774 |
42,015 49,850 |
|||
| MRG Charifund | 57,099 | (3,477) | 53,622 | |||
| COIF Charities Investment Fund |
125210001R | 587 | (12) | 575 | ||
| Schroders | 77,117 | (923) | 76,194 | |||
| Total Investments | 419,436 | (1,946) | 417,490 |