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|---|---|---|---|---|
|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||||
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|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||
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|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|
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||||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|
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||||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|
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|Unrestricted|Restricted|Endowment|Total|Funds|
|---|---|---|---|---|
|Funds|Funds|Funds||2023|
|Unrestricted|Restricted|Endowment|Total|Funds|
|Funds|Funds|Funds||2022|
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|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|
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|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|
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|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|
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|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|
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||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|
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|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|
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||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|