REGISTERED CHARITY NUMBER: 1159281
REPORTOFTHETRUSTEESAND
RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025
FOR
BUNGAY TOWN TRUST CIO
<>
vandijk
ACCOUNTANTS

BUNGAY TOWN TRUST CIO
coKrEpifs OF THE FINANCIAL ￿ATEmE1￿rs
for thè Year Eftd￿ 31 Au 5t 2025
Page
Repon of the Trustees
Ito2
Independent Examiner's Report
Statèment of Financial ActNities
4t05
Reconciliation of Funds
Assets & Liabilities
Note5 to the Financial Statements
8tolO

BUNGAY TOWN TRUST ao
REPORT OF THE TRusfEES
for the Year Ended 31 Au
ust 2025
The trustees present th￿r report with the finanaal statements of the charfty for the year ended 31 August 2025.
The financial Statements have been prepared in accordance with the Chartties SORP IFRS 1021
'Accountin8 and Reporting by Charities= Statement of Recommended practi￿ applÉcable to charities
preparlng their accounts in accordance with the Financial Reporting Siandard applicable in the UK
Republic of Ireland IFRS 1021 (effective l January 20191" Financial Reporting Standard 102 'The
Financial Reportin8 Standard applicable in the UK and Republic of Ireland" and the Companles Act 2006.
OBJECTIVES AND AcfpiiTIES
Objertives of the tharlty
The objective is the PrO￿510n of Almshouses for the elderty who are in need, who are residents of the Parish of
Bungay and surrounding area. and such association amenitie5 as the trustees may in their ab501ute discretion
deern fit.
With surplus income where arisen from the unrestricted fund it is the trusiees aim to use for general charitsble
purposes for the benefit of the town of Bun8ay.
Maln actfvltles undertaken for the publlt benefft
The trustees confimi that they have complied with the reqU1￿ments of section 17 of the Charities A¢i 2011
to have due regard to the Charity Commission's guidan￿ on the public ￿nefit.
General charitable purposes with surplus income donated to local 8roup5 and organisations. along with the
administration of 13 Almshouses for the eldedy and in need residents of Bun8ay and the surroundin8 area.
ACHIV4EMENT AND PERFORMANCE
Achlevemerrts of the charity during thè year
The Trust continue5 to administer 13 Almshouses for the elderfy and in need residents ol Bungay and the
Surrounding area. During the year, the Trust also made tharitable donations amounting to £9,719 to local
voluntary or8ani5ation5 to assist with their work.
FINANCIAL REVIEW
Reserve5 policy
It is the trustees policy to maintain reserves at a levd it considers necessary to meet cash flow requlrements.
srRucfuRE, GOVERNANCE AND MANAGEMENT
Govern5ng document
The charity is controlled by its Constitution and 15 an Incorporated Charitable OrEanisation.
Recrultment and apP￿￿tment of new trustees
New trustees are recruited and are appointed after intemew by need or skill.
Rlsk management
The trustees have a duty to identify and rewew the risks to whith the trnst is exposed and to ensure approprlate
controls are in place to provide reasonable assurance against fraud and efror.
REFERENCE AND ADMINlSfRATIVE DEfAILS
Reglstered Charity number
1159281
Prlndpal address
CIO Sprake & Kingsley Solicitors
16 Broad Street
Bungav
Suffolk
NR35 IEN
Page I

BUNGAY TOWN TRUSTCIO
REPORT OFThE TRusfEES
lor the Year Ended ai Au ust 2025
REFERENCE AND ADMINISTRATIVE D￿AlL5
Trustees
C R Hancv
K W Parker
M J Sprake
C Hand
Gmay
T G Reeve
P Morrow
R H Cvndy
S Wènt
M Davie5
C Reeve
P Scott
J Vass
J Adams
M Seamons
E Beese
A J Pearmain
J A Collins
FCBetts
J Bell
R Yaxley
K Howell
WJ Warne5
M E Dawe5- resigned
Y Baynes- resigned
S Honeywood - resiBned
S M Knights- resigned
C J Fuller- appointed 18.02.25
E P Gaffney- appointed 18.02.25
For thè year ending 31 August 2025 the charitable company was entitled to exemption from audit under
section 477 of the Cornpanie5 Act 2006 relating to srnall companie5.
The members have not required the charitable company to obtain an audit in accordan￿ with section 476
of the Companies Act 2006.
The trustees acknowledge thelr responsibilities for complying with the requirements of the Act with respect to
accountlng records and the preparation of accounts.
These accounts have been prepared in accordan￿ with the provisions applicable to companie5 subject to the
small companies regirne.
Approved by order of the board of trustee5 and signed on its behalf by-
J Vas5- Town Reeve
26 November 2025
Pa8e 2

INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF
BUNGAY TOWN TRUST CIO
I report on the accounts for the year ended 31 August 2025 set out on pages four to ten.
Respectlve responslbllftles of trustees and examln
The charity's trustees are responsible forthe preparation of the accounts. The tharity's trustees consider
that an audit is not required for thi5 year (under Seciion 144121 of the Charities Act 2011 Ithe 2011 Actll and
that an independent examination 15 required.
It 15 rny responsibility to..
examlne the accounts under Section 145 of the 2011 Art
to follow the prO￿dureS laid down in the General Oirections given by the Chartty Commisslon
lunder Section 14515llbl of the 2011 Actl- and
to state whether particular matters have come to my attention.
Basls of the Independent examiner's reF>Ort
My exarnination was carried out in accordance with the General Directions given by the Charity Commission.
An examination includes a review of the accountin8 record5 kept by the charity and a comparison of the accounts
presented with those records. It also includes consideration of any unusual ilem5 or disdosures in the accounts.
and seeking explanations from you as trustees conceming any such matteTS. The procedure5 undertaken
do not provide all the evidence that would be required in an audlt. and consequently no opinion 15 given a5 to
whether the accounts present a 'true and fair view, and the report 15 limited to those matters set out in the
Statements below.
IndÈpÈndènt examlner's statement
In connection with my exarnination, no matter has come to my attention..
11 whlch glves me reasonable cause to believe that. in any material respe¢L the requirements
to keep accountin8 records in accordance with Section 130 of the 2011 Act- and
to prepare accounts which accord with the accountin8 records and to comply with the accounting
reqtsirements of the 2011 Act
have not been met- or
12 to which, In my opinion, attention should be drawn in orderto enable a proper understandlng of
the accounts to be reached
Independent emamlner
J van Dijk
FMAAT
van Dijk Accountants
11 Trinity Street
Bungay
Suffolk
NR35 IEH
26 November 2025
Page 3

BUNGAYTOWN TRUST CIO
STATEMENT OF FINANCIAL ACTIVrnES
for the Year Ended 31 Au
ust 2025
31.08.25
31.08.24
Total
funds
Notes
General
Fund
mshouse
Fund
Total
fund5
to Accounts
INCOMING RESOURCES
Artlvltles for GenerdtlnÉ Funds
Common Goings
Town Lands
14.880
S,939
1.142
165
14,880
5.939
1,142
165
8,400
5,553
1,293
682
Market tolls & li￿nCeS
Saturday markei
Investments
Donations, legacies & grants
Rent- Buttercross
16A97
16,497
16.741
iio,000
165
Rent- Almshouses
Loan interest
64,548
64,548
2,261
10,236
62,181
2,721
9,197
2.261
9.242
Bank interest
994
TOTAL REVENUE INCOME
50,605
65,542
116,148
216,933
Page 4

BUNGAY TOWN TRUST CIO
STATEMENT OF FINANCIAL AcnviTIES
for the Year Ended 31 Au
st 2025
31.08.25
31.08.24
Total
Notes
General
Fund
Almshouse
Fund
Total
to Accounts
funds
funds
RESOURCES EXPENDED
Town dinner
Buttercross
379
379
653
673
673
3,173
1,994
6,269
7,595
816
Herita8e (Hills, Well, Drift)
Clerk salary
Insurance & professional fees
Aecountanty
Web5ter5 charity
Hampers
CSrcle 67
4,605
3,291
4,436
4,605
6,582
8,263
816
3.292
3,827
554
554
554
221
221
219
250
250
270
Town rneeting
Office & admin
Market costs
643
643
641
210
197
407
216
io
Dralnage
Bank charges
Allowances & honorariums
Routine repairs, maintenance & cleaning
Loan interest
145
145
167
1.20J
1,21XI
14,69)
15.434
I,ioo
16.844
22,526
I4,6￿•
15,434
Expenditure- Projects
Donations & grants
The Drift & Castle Hills
9.719
4,478
4.095
9.719
4.478
4,095
17.371
5,750
BX Projert
Total Revenue Empendlture
35,203
38,152
73,356
86,001
NETINCOMING RESOUR
15,402
27.390
42.792
130,932
Page 5

BUNGAY TOWN TRUST CIO
RECONCILIATION OF FUNDS
for the Year Ended 31 Au
ust 2025
31.08.25
31.08.24
Total
Notes
General
Fund
Almshouse
Total
to Accounts
Fund
fvnds
fvnds
RECONCILIATION OF FUNDS
REVENUE INCOMING RESOURCES
15,402
27,3
42,792
130.932
CAPITAL INCOMING RESOURCES
2,878
131.7751
128,8971
174,5371
Total- surplus1ldeflc￿j
,280
14,3851
13,895
56.395
OPERATING PROFITILOSS
Cash funds broughi forward 2024
383,034
25,080
408,114
351,719
Cash funds carr6ed forward 2025
401,314
20,695
422,009
408,114
Retained Earnings
1,830,705
1,797,428
Total of cash and retained eamings
2,252,714
2.205,542
Page 6

BUNGAY TOWN TRU￿ CIO
ATEMENT OF ASSEfs AND UABILtnES
for the Year Ended 31 Au
ust 2025
31.08.25
Total
funds
31.08.24
Total
fund5
Notes
to A¢￿￿nts
General
Fund
Almshouse
Fund
ASSEfs & LIABILtriES
Freehold property
Goings (valued 20151
Going5 Ipurchased 2023 & 20241
Land Ivalued 20151
Outney Road Almshouses Ivalued 20151
staithe Close AITn5houses (valued 20151
31K),L
117,(KKJ
369,¢XX)
3rx),000
117,000
369.000
700.000
320,000
3(X),OOLI
94,000
369.000
7(X).000
320,OOCI
7(K).(NXI
320,IJXI
Total Flxed Assets at Valuatlon
1783 000
Cash funds
Unity Bank
COIF General Depostt Fund 0108
Unity Bank
COIF WH Dep051t Fund 0104
6.038
208.085
6.038
208,085
4,118
24,824
4,483
194,319
10,328
24,830
4,118
24,824
Total Cash Funds
214.122
28.942
243.065
233,960
Investments at Valuatlon
COIF Charities Investment Fund 0106
COIF Charities Property Fund 0107
Charities Property Fund
M&G Charifund
COIF Charitles Investment Fund 0105
Schroders
199,767
33.438
40,259
58,770
199,767
33,438
40,259
58.770
207,136
32,667
39,308
56,326
645
Total InT4estments at Valuation
429 031
429 671
425 291
Debtors
Almshouse Fund Loan
42.121
42.121
42.121
Total A55etS
Llabilities
General Fund Loan
Charity Bank Mortgage
Almshouse Association Loan
Creditors
Accountsncy
42,121
225.2(
42,121
225,206
42,121
231.103
4,800
206
600
216
31YJ
216
600
Total Llab115tles
516
267 627
278 830
BALANCE SHEETTOTAL
1,470,758
781,956
2,252,714
2,205,542
Page 7

BUNGAY TOWN TRUST CIO
NOTESTO THE FINANCIAL ￿ATEME￿I[s
for the Year Ended 31 Au
ust 2025
31.08.25
Total
funds
General
Fund
Almshouse
Fund
Town Land5
stow Fen
130
Town land5
Town lands
Fen Farm Dalry
624
624
237
4,948
237
4,948
5,939
Investments
The Charities Property Fund
Schroder5
M&G Charifund
COIF Accounts
1.912
3,659
3,401
7,525
1,912
3.659
3,401
7,525
16,497
16,497
Donatlons & Grants
Fisher Theatre
1st Bungay Rangers
Bungay Town FC
500
500
Bungay Town Council
Bun8ay Tenni5 Club
2,219
2.219
500
9,719
9.719
Page 8

BUNGAYTOWN TRusrcio
NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 Au
st 2025
31.08.25
Total
funds
31.08.24
Total
funds
General
Fund
Almshouse
Fund
Capital Incoming RÈ￿urCes
Capltal Account- Receipts
Transfer between funds
General Acc from Almshouse Acc
COIF 0104 from Alm5hou5e Act
COIF 0104 from COIF 0108
General Ac¢ from COIF 0108
General Acc from AITn5hou5e Acc
COIF 0108 from Geneial Acc
Almshouse Acc from COIF 0108
41,878
41.878
8,OlY)
9,000
22,069
10.000
10,000
13,(D)
25,(KXJ
60,000
20,600
25,Cth)
Total Capital Receipts
63.878
33.CQO
96.878
122.669
Capltal Account- Payments
Transfer between funds
Almshouse Acc to General Acc
Almshouse Acc to COIF 0104
COIF 0104 to COIF 0108
COIF 0108 to General Acc
General Acc to Almshouse Acc
General Acc to COIF 0108
COIF 0108 to Almshouse Acc
41,878
41,878
8,OCKJ
9,0(￿7
22,069
lo,￿0
iO.IK)O
13,000
25,000
60,QKJO
20.600
25.[￿￿)
Other
Unity to tharity Bank Mortgage
Unity to Almshouse As51Kiation Loan
Purchase of Goings
5.897
5.897
5,087
450
69,000
23,CK)O
Total Capital Payments
61,CK(J
64,775
125,775
197,206
Total Capltal Resources Expended
Rèvaluatlon of Investments
At
31.08.24
At
31.08.24
Increasel
(Decrease)
At
31.08.25
COIF Charities Inveyment Fund 0106
COIF Charities Property Fund 0107
Charities Property Fund
M&G Charifund
COIF Charities Investment Fund 0105
Sthroder5
207.136
32.667
39.308
56,326
17,3691
771
951
2.444
151
7.589
199,767
33,438
40.259
58,770
640
96,798
645
Total Investments
424,646
645
4,381
429,672
Almshousè Loan
The loan to the General Account remains unchanged at £42.121. Interest of E2,260.60 has been paid in the year.
Page 9

BUNGAYTOWN TRusr cio
NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 Au
st 2025
Incomlng Resources
Income 15 recognised when the charlty Is legally entttled to it after any perf0mlan￿ conditions have
been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on re￿IPt. Other donations are reco8nised once the chafity has been
notified of the donation. unless performance conditions require deferral of the arnount. Income tax
recoverable in relation to donations received under Gift Aid or deeds of covenant is reco8nised at the
time of the donation.
Legacies are reco8nised on receipt or otherwise if the charity has been nottfied Of an impending
distribution, the amount is known. and receipt is expected. If the amount is not known, the legacy 15
treated a5 a contingent asset.
Resources Expended
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third party, it is probable that a transfer of economic benefits will be required in settlement, and
the amount of the obligation fdn be measured reliabty.
Expenditure is classified by activity. The costs of each activity are made up of the totsl of dirett costs
and shared costs. including support costs involved in undertaking each activity. Dirert Costs
attributable to a Single activity are allocated directly to that activity. Shared costs which contribute to
more than one activity and sUPPOrt costs which are not attributable to a sIn￿e attivity a￿ apportloned
betwèen those activities on a basis consistent with the use of resource5. Central staff costs are
allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use.
10. Investments
Fixed a55et investments are initially measured at transaction price excludinB transacbon costs, and are
subsequently measured 31 fatr value at eath reporting date. Changes in fair value are recognised in net
incomellexpenditurel for the year. Tran5artion costs are expensed as incurred.
An associate is an entity, being neither a subsidiary nor a joint venture. in whid) the chartty holds a
long-term interest and where the charity has signrficant influen￿. The charity consider5 that it has
significant infliaence wherè it has the powèr to partiCiP3te in the financial and operating decisions of the
associate.
11. Cash and Cash Equlvaltnts
Cash and cash equi¥alent5 are basic finanoal a55ets and indude cash in hand and deposits held at call
wlth banks. other short-term highly liquid investments that mature in no more than thiee months from
the date of acquisitiot) and are readily convertible to a known amount of cash with insignificant risk of
change in value, and bank overdrafts.
Page 10