REGISTERED CHAR￿ NUMBER: 1159281
REPORTOF THE TRusfEES AND
RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 31 AUGUSf 2024
FOR
BUNGAYTOWN TRUSr cio
<>
vandijk
ACCOUNTANTS

BUNGAY TOWN TRusr cio
coi¥rENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 Au
usi 2024
Page
Report of the Trustees
Ito2
Independent Examiner's Report
Statement of financlal Athvtties
4t05
Reconciliation of Funds
Assets & Liabilltles
Notes to the Financial Statements
8t09

BUNGAY TOWN TRUST CIO
REPORT OFTHE TRUSTEES
forihe Year Ended 31 Au
st 2024
The trustees present their report wlth the financial statements of the charity for the year ended 31 August 2024.
The trustees have adopted the prow5ions of Accounting and Reporting by Charitie%= Statement of Recommended
Practice applicable to charitiès preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 leffectÉve l January 20151.
OBJEcfivES AND ACtivmES
Oblectlves of the charltv
The objective is the provision of Almshouse5 for the elderly who a￿ in need, who are residents of the Parish of
Bungay and surrounding area, and such assodation amenities as the trustees may in their ab501ute dlscretion
deem fit.
With surplus income where arisen from the unrestricted fund it is the trustees aim to Use for general charitable
purposes for the benefit of the town of Bungav.
Maln a¢tlvltles undertaken for the public benefft
General charitable purposes with surplus income donated to local groups and organisations, along wlth the
administration of 13 Almshouses foi the elderly and in need residents of Bungay and the surrounding a￿3.
ACHIE￿EMENT AND PERFORMANCE
Athlevements ofthe charfty durfng the year
The Trust continues to administer 13 Almshouses for the eldedy and in need residents of Bungay and the
surrounding area. During the year. the Trust also made charitable donations amountin8 to £17.371 to local
voluntary organisation5 to assist with their work.
FINANCIAL REVIEW
Reserves pollcy
It Is the trustees policy to maintain reserves at a level Kt considers ne￿$Sary to meet cash flow requirements.
STRucfuRE, GOVERNANCE AND MANAGEMEiir
Governlng document
The charity is controlled by its Constitution and is an Incorporated Charitsble Organisation.
Recruitment and appointmènt of new trustees
New trustees are recruited and appointed by existing tru51ees.
Rlsk management
The trustees have a duty to identify and rewew the risks to which the trust is exposed and to ensure appropriate
controls are in plate to provide reasonable assurance against fraud and errof.
REFERENCE AND ADMINISTRAnVE D￿All$
Reglstered Charity number
1159281
Prlncipal address
CIO Sprake & Kingsley Solicitors
16 Broad Street
Bungay
Suffolk
NR35 IEN
Page I

BUNGAY TOWN TRUST CIO
REPORT OFTHE TRUSTE
forthe Year Ended 31 Au
USt 2024
REFERENCE AND ADMINisfRATIVE D￿Alls
Trustees
M E Davies
C R Hancy
K W Parker
Y Baynes
M J Sprake
C Hand
Gmav
T G Reeve
P Morrow
K Howell
Wl Warnes
R H Cundy
S Went
M Davies
C Reeve
P Scott
S Honeywood
I Vass
S M Knights
J Adams
M Seamons
E 8eese
A J Pearmain
O Barnes- resigned
J E Groom- resigned
J A Collins- appointed 09.07.24
F C Betts- appointed 09.07.24
J Bell- appointed 09.07.24
R Yayley- appointed 09.07.24
Independent eKamlner
J van Dijk
FMAAT
van Dijk Accountants
11 Trinity Street
Bungav
Suffolk
NR35 IEH
Approveil
order o
the board of trustees and signed on its behalf by=
T Reeve- Town Reeve
Date..
li
Page 2

INDEPENDENT EXAMINER'S REPORTTO THETRUStEES OF
BUNGAY TOWN TRUST CIO
I report on the accounts for the year ended 31 August 2024 set out on pages four to nlne.
Respective ￿spOnSibl11t1ts of trustees and ayamlner
The charity's trustees are responsible for the preparation of the a¢¢ounts. The thaiity's trustee5 consider
that an audit 15 not required for this year (under Section 144121 of the Charftles Act 2011 (the 2011 Actll and
that an independent examinatioft is required.
It is my responsibility to:
examine the accounts under Sectiort 145 of the 2011 Act
to follow the procedures13id down in the General Directions wven by the Charity Commission
(under Sertion 14515llbl of the 2011 Act). and
to state whether particular matters have come to my attention.
8a51s of the Independent examlnerfs report
My examination was carried out in accordance with the General Directions given by the Charity Commission.
An examination includes a review of the accounting records kept by the chartty and a comparison of the accounts
presented with those records. It also includes con5ideiation of any unusual items or disclosures In the accounts,
and seeking explanations from you as trustees concerning any such matters. The Pro￿d￿re5 undertaken
do not provide all the evidence that would be required in an audit. and consequently no opinion is given as to
whether the accounts present a'true and fair wew, and the report is limited to those matters set out in the
statements below.
Independent examlner's statement
In connection with my examination. no matter has come to my attention:
(i which gives me reasonable cause to believe thaL In any material re5pert. the requirements
to keep accountkng record5 in accordance with Section 130 of the 2011 Act- and
to prepare accounis which accord with the atcounting records and to ￿mplY with the accountin8
iequlrements of the 2011 Act
have not been met- or
12 to which, in my opinion, attention should be drawn in order to enable a proper understanding of
the accounts to be reached
J van Dijk
FMAAT
van Dijk Accountants
11 Trlnlty Street
Bungay
Suffolk
NR35 IEH
28 November 2024
Pa8e 3

BUNGAYTOWN TRUST CIO
srATEMENT OF FINANaAL ACTtVlTIFS
for the Year Ended 31 Au
$12024
31.08.24
Total
funds
31.08.23
Total
Notes
General
Almshouse
to Accounts
Fund
Fund
fund5
INCOMING RESOURCES
Arttvltles for Generatlng Funds
Common Goings
Town Lands
Market to115 & licence5
Saturday market
Investments
8,4LKJ
5.553
1,293
683
16,840
5,543
1,034
523
5,553
1,293
683
16.741
iio,o
165
16,741
iio.000
165
16,024
137,820
350
Donations, I￿acleS & grants
Rent- Buttercr0s5
Rent- Almshouses
Loan interest
62.181
62,181
2,721
9.197
58,099
1,468
5,169
2.721
8.223
Bank interest
974
TOTAL REVENUE INCOME
153.778
63,155
216.933
242,870
Page 4

BUNGAY TOWN TRUST CIO
srATEMENT OF FINANCIALACTNMES
for the Y
r Ended
5t 2024
31.08.24
Total
hjnds
31.08.23
Total
Note5
General
Fund
Almshouse
Fund
to Accounts
funds
RESOURCES EXPENDED
Town dinner
Buttercros5
Heritage IHi115, Well, Drift)
Clerk salary
Insurance & professional fees
Accountancy
Websters charity
Hampers
Circle 67
Town meetin8
Office & admin
Market Costs
653
653
3,173
3.173
1,994
6.269
7,595
816
619
1,143
5,970
5,675
816
3.134
1,986
554
554
554
219
219
335
330
270
270
620
21
641
822
122
216
204
li
li
li
Saturday market
Outney common
Allowances & hortorarium5
Routine repairs, maintenance & cleaning
Loan interest
760
692
i.lco
1,100
16,844
22,526
i.ioo
9,780
21,708
16,844
22.526
EMpendlture- ltrolects
Oonations & grants
The Drift & Castle Hills
Other- Reeves celebrations
17.371
5.750
17,371
5,750
7,460
592
1,742
Total Revenue Expendtture
40,961
45,041
86.002
60,313
NET INCOMING RESOURCES
112.818
18,114
130,932
182,557
P38e 5

BUNGAY TOVIN TRU￿ CIO
RECONCIUATION OF FUNDS
for the Year Ended 31 Au
st 2024
31.08.24
31.08.23
Total
funds
Note5
General
Almshouse
Total
to Accounts
Fund
Fund
funds
RECONCILIATION OF FUNOS
REVENUE INCOMING RESOURCES
112,818
18,114
130,932
182,557
CAPITAL INCOMING RESOURCES
167.9811
16,5551
174,5371
1137,4871
Total - 5urplus/ldeficitl
44,836
11.559
56,395
45.070
OPERATING PROF￿/L0$s
Cash funds brought forward 2023
338.198
13,521
351,719
306.648
Cash fund5 carried forward 2024
383,034
25.080
408,114
351.719
Retained Earnings
1,797,429
1.695,034
Total of cash and retained earnings
2,205,543
2.046.753
Page 6

BUNGAYTOWN TRUSr cio
STATEMENT OF ASSETS AND UABIUTIES
for the Year Ended 31 Au
st 2024
31.08.24
Total
fvnds
31.08.23
Total
funds
Notes
to Accounts
General
Fund
Almshouse
Fund
ASSEfs & LIABILMES
Freehold propèrty
Goings (valued 20151
Going5 (purchased 2023 & 20241
Lartd (valued 20151
Outney Road Almshouses (valued 20151
Staithe Close Almshouses (valued 20151
300,CKM)
94.1X#)
369.LN))
31X),000
94,000
369,Otx)
7CK).O(M)
320,000
300,000
25.000
369,LXIO
700,000
320,OOCI
7CLI.¢XM)
320.(((J
Total Flxed Assèts at Valuatlon
17830
1714 000
Cash funds
Barclays Bank
COIF General Deposlt Fund 0108
Barclays Bank
COIF AIH Deposit Fund 0101
4.483
194.319
4,483
194,319
10,328
24,830
7.720
149,329
6,650
13.856
10.328
24,830
Total Cash Funds
198.802
35,158
233.960
177.555
Investment5 at Valuatlon
COIF Charitie5 Investment Fund 0106
COIF Charities Property Fund 0107
Charities Property Fund
M&G Charifvnd
COIF Charitie5 Investment Fund 0105
Schroders
207.136
32,667
39.308
56.326
207,136
32.667
39,308
56,326
645
191,710
34,339
41,643
50,849
581
645
Total Investments at Valuatlon
645
425 292
397 433
Debtors
Almshouse Fund Loan
42,121
42.121
61,468
Total A55ets
abilitles
General Fund Loan
Charity Bank Mortgage
Almshouse Association Loan
Creditors
Accountsncy
42.121
231,103
42,121
231,103
4,800
206
61.468
236,189
5,250
196
600
3LX)
3CKI
Total Llabilitles
$06
278 829
303 703
BALANCE SHEEfTOTAI
1,428.063
777.480
2,205,543
2,046,753
Page 7

BUNGAYTOWN TRU￿ CIO
NOTESTO THE FINANCIAL STATEMENTS
for the Year Ended 31 Au
st 2024
31.08.24
Total
funds
Gener31
Fund
Almshouse
Fund
Town lands
Stow Fen
loo
D Utting
R H Cundy
T Basey-Flsher
G Crickmore
Fen Farm Dairy
226
226
151
151
237
237
247
4.592
247
4.592
5.553
5,553
Investments
The Charities Property Fund
Schroder5
M&G Charifund
COIF Accounts
2.535
3.675
3.164
7.367
2.535
3.675
3,164
7,367
16,741
P Hlnsley Legacy
A legacy of £IIO,0001£137,820 in 20231 was recel¥e(l in the year.
Donatlons & Grar
RBL Poppy Appeal
Bungay Arts Festlval
Back in the Groove
Bungay Town FC
Musical Lifelines
Bun8ay Folk Festlval
Black Shuck Festival
120
250
750
5(M)
750
1.1
870
I,IL>J
870
Bungay Town Council
7.781
7.781
17.371
17,371
Pa8e 8

BUNGAY TOWN TRU￿ CIO
NOTES TO THE FINANCIAL STATEMEp¥rs
for the Year Ended 31 Au
ust 2024
31.08.24
Total
funds
31.08.23
Total
nds
General
Fund
mshouse
Fund
Capltal IncomSn8 Resources
Capltal Account- Recelpts
Transfer between funds
General Acc from Almshouse Acc
COIF 0104 from Almshouse Acc
Almshouse Acc from COIF 0104
General Acc from COIF 0108
General Acc from Almshouse Acc
COIF 0108 from General Acc
Almshouse Acc from COIF 0108
22,069
22.069
io.L
60.395
10,000
40,CKJO
68,000
180
160,CKJO
io,(KYi
io,(
io,ocKs
60.1)LK)
20,6CKI
20,6
Total Capital Receipts
92.069
30,6
122 669
338,575
Capltal Account. Paymet
Transfer between funds
Almshouse Acc to General Acc
Almshouse Acc to COIF 0104
COIF 0104 to Almshouse Acc
COIF 0108 to General Acc
General Acc to Almshouse Acc
General Acc to COIF 0108
COIF 0108 to Almshouse Acc
22,069
io,c
22,069
io,Th)o
180
io,ocx)
40.0(N)
68,000
60,395
160.OCX)
io.c
io,o(M)
60,0
20.6C(I
20.6LKJ
other
Barclays to Charity Bank Mortgage
Bardays to Almshouse Association Loan
Purchase of Goings
S.087
5.087
450
69.ryjo
107.237
5,250
25,000
450
69.0(X)
Total Capital Payments
160,050
37,155
197,205
476.062
Total Capital Re%wrces Expended
137 487
Revaluatlon of Inve5trnents
At
31.08.23
At
31.08.23
Intreasel
IDecreasel
At
31.08.24
COIF Charities Investment Fund 0106
COIF Charities Property Fund 0107
Charities Property Fund
M&G Charifund
COIF Charities Investment Fund 0105
Schroders
191,710
34,339
41.643
50,849
15,426
11,6721
12.3351
5,477
70
10,898
207,136
32.667
39,308
56,326
645
89,209
575
Total Investments
396,852
575
27,864
425,291
7. Almshouse Loan
£22,069 has been repaid to the General Account from the ￿Mshouse Account in the year. The loan
brought forwaTd was £61.468. The loan carried forward is £42,121 induding interest.
Page 9