||||Page|
|---|---|---|---|
|Report ofthe|Trustees||1to2|
|Independent|Examiner's|Report||
|Statement<br>of|FinancialActivities||4to5|
|Reconciliation|of Funds|||
|Assets 8.Liabilities||||
|Notes to the|Financial Statements||8to 9|





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||||||31.08.23|31,08.22|
|---|---|---|---|---|---|---|
|||Notes|General|Almshouse|Tota<br>I|Total|
|||to Accounts|Fund|Fund|funds|funds|
||||||f|E|
|INCOMING<br>RESOURCES|||||||
|Activities for Generating|Funds||||||
|Common<br>Goings|||16,840||16,840|10,920|
|Town Lands|||5,543||5,543|5,453|
|Market tolls R licences|||1,034||1,034|1,140|
|Saturday<br>market|||523||523|0|
|Investments|||16,024||16,024|15,467|
|Donations,<br>legacies 5grants|||137,820||137,820|1,000|
|Rent - Buttercross|||350||350|0|
|Rent - Almshouses||||58,099|58,099|58,499|
|Loan interest|||1,468||1,468|0|
|Bank interest|||4,291|878|5,169|281|
|TOTAL REVENUE INCOME|||183,893|58,978|242,870|92,760|





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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<br>(Hills, Well, Drift)|||||1,143||1,143|1,932|
|Clerk salary|||||2,985|2,985|5,970|5,592|
|Insurance<br>& 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<br>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<br>- Projects<br>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|





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||||||||31.08.23|31.08.22|
|---|---|---|---|---|---|---|---|---|
|||||Notes|General|Almshouse|Total|Total|
|||||to Accounts|Fund|Fund|funds|funds|
||||||E|E|||
|RECONCILIATION<br>OF|FUNDS||||||||
|REVENUE INCOMING|RESOURCES||||161,834|20,724|182,557|30,406|
|CAPITAL INCOMING|RESOURCES||||(85,215)|(52,271)|(137,487)|17,214|
|Total<br>—surplus/(deficit)|||||76,618|(31,547)|45,071|47,620|
|OPERATING PROFIT/LOSS|||||||||
|Cash funds brought<br>forward|||2022||261,580|45,068|306,648|259,028|
|Cash funds carried forward||2023|||338,198|13,521|351,719|306,648|
|Retained<br>Earnings|||||||1,695,033|1,577,169|
|Total ofcash and retained||earnings|||||2,046,752|1,883,817|





## 

||||||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<br>2023)|||25,000||25,000|0|
|Land (valued 2015)|||369,000||369,000|369,000|
|Outney<br>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<br>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<br>at Valuation|||||||
|COIF Charities<br>Investment||Fund 125210001T|191,710||191,710|195,235|
|COIF Charities<br>Property|Fund 125210001V||34,339||34,339|42,015|
|Charities<br>Property<br>Fund|||41,643||41,643|49,850|
|M&G Charifund|||50,849||50,849|53,621|
|COIF Charities<br>Investment||Fund 125210001R||581|581|575|
|Schroders|||78 311||78311|76 194|
|Total Investments<br>at Valuation|||396852|581|397433|417490|
|Debtors|||||||
|Almshouse<br>Fund Loan||7|61,468||61,468|0|
|Debtors (Goings, Market||tolls)|||0|160|
|Total Assets|||61468|0|61468|160|
|Liabilities|||||||
|General<br>Fund Loan||||61,468|61,468|0|
|Charity<br>Bank Mortgage||||236,189|236,189|343,426|
|Almshouse<br>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|





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|||||for the|Year Ended 31Au<br>|ust 2023||
|---|---|---|---|---|---|---|---|
||||||||31.08.23|
||||||General|Almshouse|Total|
||||||Fund|Fund|funds|
||||||f|E|f|
|1.<br>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.<br>Investments||||||||
|The Charities<br>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.<br>P Hinsley Legacy||||||||
|A legacy off137,820||was received||in the year, ofwhich f112,265 is remaining||||
|4.<br>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<br>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.<br>Capital Incoming<br>Resources||||||||
|Capital Account - Receipts||||||||
|Transfer between<br>funds||||||||
|General Acc from Almshouse||Acc|||60,395|60,395|1,503|
|COIF 1Cfrom Almshouse<br>Acc|||||10,000|10,000|15,000|
|Almshouse<br>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<br>centre|loan repayments||||||33,634|
|Total Capital Receipts||||228,180|110,395|338,575|50,137|
|Capital Account - Payments||||||||
|Transfer between<br>funds||||||||
|General<br>Accto Almshouse|Acc||||180|180|1,503|
|Almshouse<br>Accto COIF 1C|||||10,000|10,000|15,000|
|COIF 1cto Almshouse<br>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<br>Bank Mortgage|||||107,237|107,237|11,170|
|Barclays to Almshouse<br>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.<br>Revaluation<br>ofInvestments||||At|At|Increase/|At|
|||||31.08.22|31.08.22|(Decrease)|31.08.23|
|COIF Charities<br>Investment|Fund 125210001T|||195,235||(3,525)|191,710|
|COIF Charities<br>Property<br>Fund||125210001V||42,015||(7,676)|34,339|
|Charities<br>Property<br>Fund||||49,850||(8,207)|41,643|
|M82G Charifund||||53,622||(2,773)|50,849|
|COIF Charities<br>Investment|Fund 125210001R||||575|6|581|
|Schroders||||76,194||2,117|78,311|
|Total Investments||||416,916|575|(20,058)|397,433|