2023-08-31-accounts - Bungay Town Trust CIO

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							31.08.23	31.08.22
				Notes	General	Almshouse	Total	Total
			to	Accounts	Fund	Fund	funds	funds
							E	f
RESOURCES EXPENDED
Buttercross					619		619	1,937
Heritage (Hills, Well, Drift)					1,143		1,143	1,932
Clerk salary					2,985	2,985	5,970	5,592
Insurance & professional		fees			3,604	2,071	5,675	4,397
Accountancy					408	408	816	816
Websters charity					554		554	554
Hampers					335		335	227
Drainage rates							0	100
Circle 67					330		330	238
Town meeting					822		822	462
Office L admin					102	102	204	138
Market costs					11			920
Saturday market					760		760	0
Outney common					692		692	0
Zoom								144
Allowances 5 honorariums					1,100		1,100	1,100
Routine repairs,	maintenance		8.cleaning			9,780	9,780	15,903
Loan interest						21,708	21,708	13,256
Expenditure - Projects Donations Igrants					6,260	1,200	7,460	6,850
The drift					592		592	0
Buttercross								6,368
Castle hills etc								272
Other - Reeves celebrations					1,744		1,744	1,148
Total Revenue Expenditure					22,059	38,254	60,313	62,354
NET INCOMING	RESOURCES				161,834	20,724	182,557	30,406

					31.08.23	31.08.22
		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
Goings (purchased 2023)			25,000		25,000	0
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			694 000	1020 QDD	1714 QDQ	1689000
Cash funds
Barclays Bank			7,720		7,720	37,077
COIF General Deposit Fund 125210002C			149,329		149,329	45,726
Barclays Bank				6,650	6,650	6,694
COIF A/H Deposit Fund	125210001C			13,856	13,856	42,978
Total Cash Funds			157,048	20,506	177,554	132,475
Investments at Valuation
COIF Charities Investment		Fund 125210001T	191,710		191,710	195,235
COIF Charities Property	Fund 125210001V		34,339		34,339	42,015
Charities Property Fund			41,643		41,643	49,850
M&G Charifund			50,849		50,849	53,621
COIF Charities Investment		Fund 125210001R		581	581	575
Schroders			78 311		78311	76 194
Total Investments at Valuation			396852	581	397433	417490
Debtors
Almshouse Fund Loan		7	61,468		61,468	0
Debtors (Goings, Market		tolls)			0	160
Total Assets			61468	0	61468	160
Liabilities
General Fund Loan				61,468	61,468	0
Charity Bank Mortgage				236,189	236,189	343,426
Almshouse Association	Loan			5,250	5,250	10,500
Creditors			196		196	782
Accountancy			300	300	600	600
Total Liabilities			496	303207	303 704	355 308
BALANCE SHEETTOTAL			1,308,872	737,880	2,046,752	1,883,817

				for the	Year Ended 31Au	ust 2023
							31.08.23
					General	Almshouse	Total
					Fund	Fund	funds
					f	E	f
1. Town Lands
Stow Fen					90		90
D Utting					226		226
R H Cundy					151		151
Tim Basey-Fisher					317		317
G Crickmore					247		247
Fen Farm Dairy					4,512		4,512
					5,543		5,543
2. Investments
The Charities Property		Fund			1,836		1,836
Schroders					3,786		3,786
M&G Charifund					3,090		3,090
COIF Accounts					7,312		7,312
					16,024		16,024
3. P Hinsley Legacy
A legacy off137,820		was received		in the year, ofwhich f112,265 is remaining
4. Donations	&Grants
Friends of Bungay Library					2,000		2,000
Black Shuck Festival					500		500
Bungay & District Sports Association					2,000		2,000
Bungay Bowls Club					300		300
SPUD Club					1,000		1,000
St Edmunds School					400		400
RBLWreath					60		60
Energy donation	to Almshouse		Residents			1,200	1,200
					6,260	1,200	7,460

						31.08.23	31.08.22
				General	Almshouse	Total	Total
				Fund	Fund	funds	funds
				f	f	f	f
5. Capital Incoming Resources
Capital Account - Receipts
Transfer between funds
General Acc from Almshouse		Acc			60,395	60,395	1,503
COIF 1Cfrom Almshouse Acc					10,000	10,000	15,000
Almshouse Acc from COIF	1C				40,000	40,000	0
General Acc from COIF 2C				68,000		68,000	0
General Acc from Almshouse		Acc		180		180	0
COIF 2C from General Acc				160,000		160,000	0
Other
Bungay community centre	loan repayments						33,634
Total Capital Receipts				228,180	110,395	338,575	50,137
Capital Account - Payments
Transfer between funds
General Accto Almshouse	Acc				180	180	1,503
Almshouse Accto COIF 1C					10,000	10,000	15,000
COIF 1cto Almshouse Acc					40,000	40,000	0
COIF 2Cto General Acc				68,000		68,000	0
General Accto Almshouse	Acc			60,395		60,395	0
General Accto COIF 2C				160,000		160,000	0
Other
Barclays to Charity Bank Mortgage					107,237	107,237	11,170
Barclays to Almshouse Association			Loan		5,250	5,250	5,250
Purchase of Goings				25,000		25,000	0
Total Capital Payments				313,395	162,667	476,062	32,923
Total Capital Resources Expended				~85 215	~52 271	~137487	17,214
6. Revaluation ofInvestments				At	At	Increase/	At
				31.08.22	31.08.22	(Decrease)	31.08.23
COIF Charities Investment	Fund 125210001T			195,235		(3,525)	191,710
COIF Charities Property Fund		125210001V		42,015		(7,676)	34,339
Charities Property Fund				49,850		(8,207)	41,643
M82G Charifund				53,622		(2,773)	50,849
COIF Charities Investment	Fund 125210001R				575	6	581
Schroders				76,194		2,117	78,311
Total Investments				416,916	575	(20,058)	397,433