2023-09-30-accounts

WOTTON-UNDER-EDGE TOWN TRUST Charity Number 203466

TRUSTEES ANNUAL REPORT FOR THE FINANCIAL YEAR ENDING 31[ST] MARCH 2023

Trustees

Wotton-under-Edge Town Council is the Trustee of Wotton-under-Edge Town Trust. The Town Council at 31[st] March 2023 was comprised of the following members:

Mr P Barton Ms S Hunt Mr D Thomas Mr R Claydon OBE Mr J Lewis Mr M Tucker (Chairman) Dr J Cordwell Mr T Luker Mr J Turner Mrs T Creese Mr N Pinnegar Ms T Young

Overview

The year 2022-2023 has seen a decrease in income of £27, 928 from the previous financial year, plus an increase of £22,275 in expenditure over the same period. The deficit for the year was £16,054 with end of year cumulative funds decreasing to £152,177. The Town Trust continues to be heavily subsidised by Wotton-under-Edge Town Council for the benefit of the community.

Expenditure

Significant variations are as follows:

	31/3/2022	31/3/20 23	Difere nce	Notes
Town Council Administration Fee	£7,000	£8,750	£1,750	Contribution towards Town Trust administration costs. Last increased in 2017/18.
Town Hall Caretaking/Clea ning	£5034	£7760	£2726	Increased cleaning costs due to staf admittance to pension scheme; and contract cleaning of £1,080 to cover staf absence.
Town Hall Maintenance/Mis c. Expenses	£962	£9,447	£8485	Increase due to lift repairs £631; Fire safety works £4,282; Flooring refurbishment £2,996; electrical works£593
Town Hall Utilities	£3,368	£4,386	£1,018	Due to delayed payment from Financial Year 2021/22
Chipping Hall	£0	£4,274	£4274	Fire safety works £2,794; Plumbing works £965; electrical testing £450; door lock £65

Chipping Clubroom	£1,352	£2,520	£1,168	Fire safety work £1,030; plumbingwork £150
Other Property Expenses	£668	£1343	£675	Heritage Centre fre safetywork £1,248
Insurance	£2,736	£3,432	£696	Buildings survey resulted in valuationsincrease
Miscellaneous Payments	£2,619	£3,237	£618	Buildings Valuations £2,950

Major expenses continue to be insurance, administration, cleaning and utilities. The increases in fire safety and plumbing works were as a result of fire safety and legionella audits.

Income

Significant variations are as follows:

	31/3/2 2	31/3/ 23	Difere nce	Notes
Town Hall Lettings	£19,446	£10,8 60	-£8,586	£12,168 COVID Leisure grants received in 2022, which were standard sums issued to all eligible businesses. The grants ceased after COVID restrictions ended but the diference is partially ofset by hire fees following re-opening of building afterCOVID lockdown.
Chipping Clubroom Lettings	£12, 970	£2,33 5	-£10, 635	£12,168 COVID Leisure grants received in 2022, which were standard sums issued to all eligible businesses. The grants ceased after COVID restrictions ended but diference partially ofset by hire fees following re-opening of building after COVID lockdown.
Interest received	£1	£751	£750	Increase in interest rates
Unrealised Proft on Investments	£8,449	£0	-£1,156	Values down £1156 on 2022 fgures due to fuctuations in the investments market, particularly due to Coronavirus pandemic
Miscellaneous Income	£1,026	£0	-£1,026	Refunds received in 2022, not repeated in 2023

Points to Note

Some of the operating expenses of the Youth Centre building are paid by Wottonunder-Edge Town Council for its use as a Youth Centre.

The donation of £4700 from Wotton-under-Edge Town Council is to compensate the Trust for loss of rent income following:

(i) closure of the Police Station (£3500);

(ii) economy measures at Stroud District Council resulting in their decision to only continue to run the Chipping Car Park if it was on an expenses only basis, without any underlying rent costs (£1200).

The Town Council continues to pay £2000 per annum to the Town Trust to rebuild the Permanent Endowment used to fund the refurbishment of the Town Hall, as required by the Charities Commission.

Summary

Wotton-under-Edge Town Trust continues to meet its remit of providing buildings for the enjoyment of the people of the town. All of its buildings, with the exception of the Town Hall front elevation and gables where some repair works have become necessary, are in reasonable order and are well-used by a wide cross-section of the public for a variety of recreational purposes. Two of the buildings are listed and maintenance costs can be high when work is required, therefore subsidy from the Town Council continues to be necessary. Preparations for the repairs to the Town Hall have been delayed due to the unfortunate loss of the project manager. Efforts are ongoing to progress the project as soon as possible. The costs for this will be met by Wotton-under-Edge Town Council.

Signed: …………………………………………………. Chairman of the Trustees Dated:

SOS ROMANIAN RESCUES SOUTH Cha Com No an 1160999 CE003763 eriod Annual accounts for the Perwjd gnd date Period stsrt date 0111012022 3010912023 Section A Statement of financial activities (including summary income and expenditure account) Restrfctsd Unrgstrlctod Income funds funds Endowmènt funds Prlor yèar fund$ Recommendod categories by aclivSty Total lunds Income (Note 3) F01 F02 F03 F04 F05 Ineomo and endowrn0nt• from: D(M8tkJrffj 8Th1 legaa05 Charitabb act￿1￿& S01 6.861 1.375 Olhor Ir8dlw ar*viti88 Inveslmenlo S03 222 222 Separ818 m8ted81 rtem ol Income Other- Moplbn f 2.825 11.283 2,825 11.283 Total Expendlture (Note8 6) Ixpondlture on., R81elno funds h8ilt8blè Ad1￿11 8•p•r•t¥ material Wen￿ item Other- BllrtP8yP81 chiry••￿&X S10 11.254 37 37 Total 812 Net Incomel(expendlture) before tax for the reporting perlod Tax pAyalAe Net Incomel(expendlture) after tax before Investment gainsl(10sses) N819ain8llbseesl on Investm￿1 S13 S14 815 816 Net incomellexpendlture> Extraordlnary Items Transfers between funds Other recognlsed gain81llos8e8): S17 S18 S19 Galn8 8nd1088e8 on re¥aluatkn oftsed 88sFts u8e Oth8r 98ln811108seBI Net movoment in funds 821 822 Reconclliation of funds.. rot81 furds browdht f(Th¥d Total funds carrled ft•nYard $23 40,266 40,258 40,266 40,258 $24

118A)999 CE003763 Com an No Section B Balance sheet UMrnstrl¢l•(I Income EndDMrynBrt Totol thls Total last Fixed assets Intanglble a88et• TanglbS9 Hgrftage a?¥et• Invegtments F01 F02 F￿3 F04 F05 1Nots 151 (Note 141 (Nots 16) (Notè ITI Total &T80ts Current assets stock Debtor• In￿81m9n￿ (Note 18) (Not• 17A) CaBh at bank and In hand (Noty 241 Totsl ¢unwrfu8•18 810 410,258 40,258 Credltorn: omounts lalllng due wlthln ono year Imoto 201 11gtcurtwt8ss•t￿NabIlth￿J 812 Tot•1 ￿$•1& cuff4ntll•bllldu Bi$ Crndltor8: •mounts falung du• •ft•r one yfrar (Nots 201 Provl•Son• far Ilabllltleo 814 rotal n•tass•ts orll•bllld•s Funds of the Charlty Endowment fund• (Note 271 Ro•trl¢tsd Incom• furth INot• 2n UnreBtrl¢ted lund• Revaluatlon mervo Bl8 40,258 40,258 817 B19 F•lr ¥alu• reoe Tot•1 funds Tho company wa8 •nUtl8d to gxempthmj from au(Ht undor34TI oltho Companles A¢t rnlalthg to Small ¢omponle8. • mombors havo not r•qulr•dth• ¢Mp•ny lo obt•ln •n •uthl In Kcordan¢e wllh sectton 476 oflhe Companle¥ Act 2006. The dlrectors a¢knowl•(1g• Ihokrn•poft8lbllllkn foreomptylry wlth the rtyw1r￿nents of th• Companles Act wlth rnsp•cttO aCCf￿￿Ong To￿￿d$ W￿l￿p/¥pa￿￿on of •ecounl& These 8¢¢ounts hav• b8•JJ pr•par8dln accon1a￿e wllh theprnvlslons appllcable lo 8m811 companles subl8ct to th• small companle8 roglm •ndln accordaft￿ wlth FRS102 SORP. Shjrnd by ono or truste8sldiredars ￿ b))Waf81 the trustee81di18cI(rt Date of appiovol (Wmm Prinl NBme SP STrWION WEBB 01103rd024 CC17a IExe•l) 29A)412024

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examinevs Report Report to the Irusleos On accounts for the yèar ended Charty no {rf any) I IEoqqq Set out on pages -.ar41 nu.. I report to the trustees on my examination of the accounts of the above charity {°Iha Trust.) for the year ended Responsibllltles and basls of report As the tharitys trustees, you are responslble for the preparation of the accounts In accordance with tho requlrements of the Charities Act 2011 1.the Acr>. I report in r8speL# of my examination of the Trust's accounts carried out under sectton 145 ofthe 2011 Act and in carrying out my examination, I hav8 followed all th6 applicable Dlrections given by the Charity Commlsslon under section 145(5)(b) of the AGt. Independent tThe charity's gr05s income exceeded £250.000 and l am qualif16d to examlnerfs statement undertake the examlnatlon by being a qualffled member of [Insert name of applicabl8 listed bodyll. Delete I l if not applicabl8. I have completed my examination. I confirm that no malerfal matters have come to my att8nlion in connectlon with the examination (other than that disclos8d below ') whlch glves me cause to believe that In, any material respect.. the accountiNJ reo)rds were not kepi in accordance wlth secllon 130 of the Charities A¢l', or the acLounts did not accord with the accounting records. or the accounts did not comply with thè applicable requirements concerning the fom and wntent of accounts set out in the Charit18S (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a malt8r ¢onsidered as part of an independenl examination. I have no concems ar)d have come acr¢)ss no other matters in connection with the examlnation to whlch attention should be draM In thls report in order to enable a proper understanding of the accounts to be reached. ' Please delete the words in the brackets rf th8y (lo not apply. Signed: Date: %7 202 Name: Relevant professlonal qualiflcallonlsl or body If FT IER Oct 2018

{rf any): Address: -rAn￿￿ 24- gLLCOT Soction B Disclosur6 Only complete if the examiner needs lo highlight material matters of concern (see CC32. Independent examinati¢M of charity accounts: directions and guidance for examiners). Glve hor8 brl8f detall3 of any Ilems that Ihe examlner wlshes to disclose. IER Oct 2018