| Page | ||||
|---|---|---|---|---|
| Trustees' annual report |
||||
| Independent examiner's report |
to the trustees | |||
| Statement of financial |
activities | (including | income and expenditure | |
| account) | ||||
| Statement of financial |
position | |||
| Statement of cash flows |
||||
| Notes to the financial | statements |
| year ended | 30June 2023. | 30June 2023. | ||
|---|---|---|---|---|
| Reference | and administrative | details | ||
| Registered | charity | name | The Miles and Hurman Clo | |
| Charity registration | number | 1164728 | ||
| Principal office and | registered | 43 High Street | ||
| office | Ashcott | |||
| BRIDGWATER | ||||
| Somerset | ||||
| TA7 9PZ | ||||
| The trustees | ||||
| Mr M A G Davey | ||||
| Mr P R Everson | ||||
| Mrs J M Morton | ||||
| Mr P J Rendle | ||||
| Mr J Harvey | ||||
| Ms ECoombes | ||||
| Accountants | Burton Sweet | |||
| Chartered accountant |
||||
| Cooper House | ||||
| Lower Charlton | Estate | |||
| Shepton Mallet |
||||
| Somerset | ||||
| BA4 5QE |
| For the ye | ar en | ded 30J | une 20 | 23 | 23 | ||||
|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||||
| Unrestricted | Restricted | Endowment | I f | ||||||
| Note | |||||||||
| Income and endowments | |||||||||
| Grants, donations | and | ||||||||
| legacies | |||||||||
| Charitable | activities | 7,074 | 830,500 | 837,574 | 6,567 | ||||
| Investment | income | 4,133 | 4,133 | 479 | |||||
| Total income | 11,207 | 830,500 | 841,707 | 7,046 | |||||
| Expenditure | |||||||||
| Expenditure | on | ||||||||
| charitable | activities | 15,803 | 1,685 | 22,932 | 40,420 | 11,161 | |||
| Total expenditure | 15,803 | 1,685 | 22,932 | 40,420 | 11,161 | ||||
| Net revaluation | |||||||||
| (loss)/gains | on | ||||||||
| investments | -1,569 | -1,569 | 1,180 | ||||||
| Net income | and net | ||||||||
| movement | in funds | -4,596 | -1,685 | 805,999 | 799,718 | -2,935 | |||
| Transfers between | funds | 3,000— | 3,000 | ||||||
| Net movement in funds |
-4,596 | 1,315 | 802,999 | 799,718 | -2,935 | ||||
| Reconciliation of funds |
|||||||||
| Total funds | brought | forward | 80,725 | 2,233 | 596,845 | 679,803 | 682,738 | ||
| Total funds | carried | forward | 76,129 | 3,548 | 1,399,844 | 1,479,521 | 679,803 |
| Note | 2023 | 2022 | |||
|---|---|---|---|---|---|
| Fixed assets | |||||
| Tangible fixed assets | 10 | 578,500 | 578,500 | ||
| Investments | 1 1 | 806,344 | 18,345 | ||
| 1,384,844 | 596,845 | ||||
| Current assets | |||||
| Cash at bank and | in hand | 94,677 | 82,958 | ||
| Net current | assets | 94,677 | 82,958 | ||
| Total assets | less current liabilities | 1,479,521 | 679,803 | ||
| Funds ofthe | charity | ||||
| Endowment | funds | 1,399,844 | 596,845 | ||
| Restricted funds |
3,548 | 2,233 | |||
| Unrestricted | funds | 76,129 | 80,725 | ||
| Total charity | funds | 12 | 1,479,521 | 679,803 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Cash flows from operating activities |
||||
| Net income | 799,718 | -2,935 | ||
| Adjustments for: |
||||
| Revaluation loss/(gain) on investments |
1,569 | -1180 | ||
| Investment Income |
-4133 | -479 | ||
| Cash generated from operations |
797,154 | -4,594 | ||
| Net cash (used in)/from operating |
activities | 797,154 | -4,594 | |
| Cash flows from investing activities |
||||
| Dividends, interest and rents from |
investments | 4,133 | 479 | |
| Purchases of other investments |
789,568 | |||
| Net cash from/ (used in) investing |
activities | 785,435 | 479 | |
| Net increase in cash and cash equivalents |
11,719 | -4,115 | ||
| Cash and cash equivalents at beginning |
ofyear | 82,958 | 87,073 | |
| Cash and cash equivalents at end |
ofyear | 94,677 | 82,958 |
| Unrestricted | Restricted | Endowment | Total | Funds |
|---|---|---|---|---|
| Funds | Funds | Funds | 2023 | |
| Unrestricted | Restricted | Endowment | Total | Funds |
| Funds | Funds | Funds | 2022 |
| 5. | Charitable | activities | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Total Funds | Total Funds | ||||
| Funds | Fund | 2023 | 2022 | ||||
| Rent | 6,937 | 6,937 | 6,432 | ||||
| Wayleaves | 137 | 137 | 135 | ||||
| Sale of development | site | 830,500 | 830,500 | ||||
| 7,074 | 830,500 | 837,574 | 6,567 | ||||
| 6. | Investment | income | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2023 | Funds | 2022 | ||||
| R | |||||||
| Income from listed | Investments | 4,133 | 4,133 | 479 | 479 |
| Expenditur | e on charitable ac |
tivities by fund type | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total Funds | ||
| Funds | Funds | Fund | 2023 | ||
| Charitable | activity | 15,303 | 1,685 | 22,932 | 39,920 |
| Support costs | 500 | 500 | |||
| 15,803 | 1,685 | 22,932 | 40,420 | ||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2022 | |||
| R | |||||
| Charitable | activity | 2,098 | 8,563 | 10,661 | |
| Support costs | 500 | 500 | |||
| 2,598 | 8,563 | 11,161 |
| Net losses/gai | ns |
on inv | estments | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Endowment | Total | Funds | Endowment | Total | Funds | ||||
| Funds | 2023 | Funds | 2022 | ||||||
| E | |||||||||
| Gains/(losses) | on | other | investment | ||||||
| assets | (1,569) | (1,569) | 1,180 | 1,180 |
| Tangible | fixed assets | |
|---|---|---|
| Freehold | ||
| property | ||
| Cost | ||
| At 1 July | 2022 and 30June 2023 | 578,500 |
| Depreciation | ||
| At 1 July | 2022 and 30June 2023 | |
| Carrying | amount | |
| At 30June 2023 | 578,500 | |
| At 30June 2022 | 578,500 |
| Other | |
|---|---|
| investments | |
| Cost or valuation | |
| At 1 July 2022 |
18,345 |
| Additions | 789,568 |
| Fair value movements | (1,569) |
| At 30June 2023 | 806,344 |
| Impairment | |
| At 1 July 2022 and 30June 2023 | |
| Carrying amount |
|
| At 30June 2023 | 806,344 |
| At 30June 2022 | 18,345 |
| Analysis ofc |
harita | ble | funds |
|||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | funds | |||||||
| At | Gains and | At | ||||||
| 1 | Jul 2022 | Income | Expenditure | Transfers | losses 30Jun 2023 | |||
| General funds | 53,054 | 1 1,207 | (15,803) | 48,458 | ||||
| Designated | ||||||||
| funds: | ||||||||
| Unconditional | ||||||||
| voluntary | ||||||||
| donation | ||||||||
| designated | for | |||||||
| new play area | 25,000 | 25,000 | ||||||
| Property | ||||||||
| Maintenance | ||||||||
| fund | 2,671 | 2,671 | ||||||
| 80,725 | 11,207 | (15,803) | 76,129 | |||||
| Restricted funds | ||||||||
| At | Gains and | At | ||||||
| 1 | Jul 2022 | Income | Expenditure | Transfers | losses 30Jun 2023 | |||
| f. | R | f. | ||||||
| Church reserve | 1,974 | — | (280) | 1,000 | 2,694 | |||
| Community | ||||||||
| reserve | 258 | (1,405) | 2,000 | 853 | ||||
| 2,233 | (1,685) | 3,000 | 3,548 | |||||
| Endowment | funds | |||||||
| At | Gains and | At | ||||||
| 1 | Jul 2022 | Income | Expenditure | Transfers | losses 30Jun 2023 | |||
| R | ||||||||
| Permanent | ||||||||
| Endowment | ||||||||
| Fund | 596,845 | 830,500 | (22,932) | (3,000) | (1,569) | 1,399,844 |
| Unrestricted | Restricted | Endowment | Total Funds | Total Funds | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2023 | 2022 | |
| Tangible fixed assets | 578,500 | 578,500 | 578,500 | ||
| Investments | 806,344 | 806,344 | 18,345 | ||
| Current assets | 76,129 | 3,548 | 15,000 | 94,677 | 82,958 |
| Net assets | 76,129 | 3,548 | 1,399,844 | 1,479,521 | 679,803 |
| Year end 30Ju | ne 2022 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | |||
| funds | funds | funds | Total funds | ||
| Income and endowments | |||||
| Donations and | |||||
| legacies | |||||
| Charitable activities |
6,567 | 6,567 | |||
| Investment income |
479 | 479 | |||
| Total income | 7,046 | 7,046 | |||
| Expenditure | |||||
| Expenditure on |
|||||
| charitable activities |
(2,598) | (8,563) | (11,161) | ||
| Total expenditure | (2,598) | (8,563) | (11,161) | ||
| Gains on investments | 1,180 | 1,180 | |||
| Net movement in funds |
4,448 | (8,563) | 1,180 | (2,935) | |
| Transfers between | funds | (591) | 591 | ||
| Net movement in funds |
3,857 | (7,972) | 1,180 | (2,935) | |
| Reconciliation of funds |
|||||
| Total funds brought | |||||
| forward | 76,868 | 10,205 | 595,665 | 682,738 | |
| Total funds carried | forward | 80,725 | 2,233 | 596,845 | 679,803 |