SAMARITANS TUNBRIDGE WELLS & DISTRICT BRANCH ANNUAL REPORT AND ACCOUNTS For the ear ended ST 31 MARCH 2024
TUNBRIDGE WELLS & DISTRICT SAMARITANS Trustees Re ort for the ear ended 3151 March 2024 The trustccs prcsent their annual report and financial statements of the charity for thc year ended 31 . March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 2 to the accounts and comply with the charity, s constitution. the Charities Act 2011 and Accounting and Reporting by Charities: Statement of R¢comm¢nd¢d Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) effective I" January 2019. The Trustees confinn that they adhere. observe and monitor the guidance as published by the charity commission undcr section 4 of the Charities Act 201 Iwhen reviewing the charity, s aims and objectives and in planning future activities. The Trustees confinn, in the light of the guidance that these aims fully meet the applicable public benefit tests and that the activities of the charity described in this report under four specific aims, are undertaken in pursuit of the aims. Status Th¢ governing document is a modcl constitution approved in 1971 with subsequent amendment. Tunbridge Wells & District Samaritans is a Charitable Incorporated Organisation (CIO), rcgist¢r¢d on 22. July 2016 Number l168J82. Enquiries should be directed to the Director at 7 Lime Hill Road, Tunbridge Wells, Kent, TN I l LJ. The charity is affiliated to Samaritans. Policies 2nd roeedures for the induction and trainin of Trustees The charity Trustee welcome pack published by the Charity Commission is used as a model for Trust¢¢ induction and training. All Trustees receive a thorough induction and seek to ensure through the governance structure that the board complies with best practice requirements. Trustees David Truman - Laurence Allcorn - Alix Beale Penelope Law¢ Mark Menary - Sue Simmons Michael Wheatley Chainnan - Resigned 22nd April 2024 Appointed 21 "' September 202J - Chairnian 22. April 2024 Ih Appointed 21" September 2023 - Resigned 25 July 2024 New trustees are appointed by the branch membership.
TUNBRIDGE WELLS & DISTRICT SAMARITANS Trustees Re ort for the ear ended 3151 March 2024 Samaritans vision mission values and behaviours Samaritans provides confidential emotional support 24 hours a day by telephone, face to face: email, webchat and letter: at festivals and outside our centres in prisons, in hospitals, schools and workplaces and with the hom¢l¢ss through a network of 201 branches, new satellite sites & specialist hubs in the UK and the Republic of Ireland. Our aims are reflected in our recently published seNen-year strategy (2022 2029) Tackling suicide together: providing a safe space in uncertain times. Our Vision is that fewer people die by suicide. To achieve this: we belieNe Samaritans has a crucial role to play in: Reducing the risk factors that make some people more likely to take their own lives. Ensuring that people who are at increased risk of suicide are supported. Making it less likely that people who do experience suicidal thoughts act on them. Reducing the likelihood that people will develop suicidal thoughts. Our Mission is to make sure we're here every day and night of the year for anyone struggling to copc. We make sur¢ p¢opl¢ have som¢wher¢ to tum and support when thcy need it most. We work with communities to let people know we're here for them and we campaign to make suicide prevention a priority. As our support scrviccs adapt to the changing environment, the five corc values of our listening service remain constant: Listening. b¢caus¢ exploring f¢¢lings allei'iats distress and helps people to reach a better understanding of their situation and the options open to them. Confidentiality. because if people feel safe. they are more likely to be open about their feelings. People making their own decisions wherever possible because M'e believe that people have the right to find their own solution and telling people what to do takes responsibility away from them. Being non-judgmental. because we want people to be able to talk to us without fear of prejudice or rejection. Human contact. because giving people time. undivided attention and empathy meets a fundamental emotional need and reduces distress and despair.
TUNBRIDGE WELLS & DISTRICT SAMARITANS Trustees Re ort for the ear ended 3151 March 2024 anisation The general management and administration of the branch continued under the auspices of the Management Committee. Committee meetings are held at least every quarter. Bankers Solicitors Barclays Bank plc Buss Murton Tunbridge Wells Group Wellington Gate 73-75 Calverlev Road 7-9 Church Road Tunbridge Wells TNI 2UZ Tunbridge Wells Kent TNI IHT Inde endent Examiner Crowe UK LLP RiN'erside House 40-46 High Street Maidston¢ Kent ME14 IJH Investment Polie There are no restrictions in the Constitution. The Trustees operate a low risk policy aiming to achieve a balance of income and capital growth. The investments are currently held in a mixture of stock market investments and cash deposits. During th¢ year investmcnt incom¢ totall¢d £1,468 which compared to £2,864 in the previous year. There were unrealise(V realised Gains totalling £1:685 compared with unrealised losses of £3,191 in the previous year on stock market inv¢stm¢nts during the year.
TUNBRIDGE WELLS & DISTRICT SAMARITANS Trustees Re ort for the ear ended 3151 March 2024 Reserves Polie . The branch relies whollv on I'oluntary donations, and it is the policy of the Trustees to retain sufficient res¢rv¢s to secur¢ th¢ running of thc charity for at least two years where possible. This excludes any major and unforeseeable costs associated with the branch premises. The Trustees therefore intend to maintain, refurbish and secure the branch's principal property asset to enable the branch to provide services that support the charitable activities and any evolution of how they are delIered. The valuation of the branch land & buildings will be r¢gularly r¢N'i¢w¢d: and updates rcflccted in the annual accounts. On this basis and using £40.000 to £50:000 as an estimate of annual charitable activities expenditure: including contributions to Samaritans Central Office (NBC), the Trustees consider it appropriate to aim to have free reserves in excess of £80,000 at any point in time which equates to approximately two vears of running costs. This is seen as broadly consistent with the calculation basis & objectives of the NBC and compares with a balance on the general fund reserve of £8J.287 at J I" March 2024 (2023 £104.512). Th¢ prcmiscs reserve fund of £425:000 (2023 £425.000) r¢pr¢s¢nts an assessment of thc market value of the charity s freehold property. Chari Governance code The Board has full and careful regard to the Charity Governance code and uses the code as its principal benchmark. The board is committed to continuous improvement and d¢v¢lopm¢nt. Information on Fundraisin Practices The charity receives financial support from its donors across a range of events and activities and th¢ Trustees are i'cry grateful to thesc donors for their generosity. The charity regards its relationship with donor and supporters as highly important and it prides itself on those it has built over many years of fundraising. The charity strives to ensure that its fundraising is conducted to the highest level of quality and safety, complying with bcst practices and proccdur¢s. No complaints w¢r¢ receiv¢d during the ycar (2023 None)
TUNBRIDGE WELLS & DISTRICT SAMARITANS Trustees Re ort for the ear ended 3151 March 2024 Ob'ectives Activities Achievements & Perforniance in the Year The ear in summ The objectiv¢s set out in th¢ previous ycar wer¢ largely implemcnted during the current financial year in that:_ The basement refurbishment converting what was a dead space into a training room was completcd. As part of that project: the ¢l¢ctrical wiring in the building was brought up to current requirements: the carpet in duty room I was replaced and the building was redecorated to the first floor. Wc resumed doing inforniation davs, interviews and training once again all on a facc- to-face basis. This was felt to be preferable. Communications within the branch are fully in place with regular updates via either emails from rcspectii'c team leadcrs, or the branch newsletter. A new DI was appointed in December with a view to a gradual handover taking place so that they were in place by April 2024. The person chosen by the branch was Laur¢nc¢ 621. It is his intention to refresh the D Group to tak¢ advantage of fresh ideas. Webchat has been extended within our branch so that it is now available 5 evenings a week. Changes to our listening service that would affect webchat and our telephone system will be taking place in the year of 202412025 and the email system is being upgraded as part of this process. Funds in the forn] of donations continue to come in from a variety of sources and we would like to express our thanks to the many local parish councils for the grants that they continue to give us. We would also like to express our grateful thanks to our new Independent Examiners, Crowe UK LLP who have Nery generously offered to review our accounts free of charg¢. Finally on the subject of fund raising. especial thanks go this year to Marion524, Antonia814 and Maddy (David:s daughter) and Alex (Kate19's son). Between them they managed to rais¢ thc wonderful sum of £16.000+ Marion by choosing us as her charity of choice as lady captain at Sweetwoods Golf Club, Antonia, by way of a sponsored silence (which also inN'olved family and friends). Maddy and Alex both ran in the London Marathon in 2024 raising funds for our branch. While some of these events actually took place in the following financial year, some of the funds were already in the accounts for the year under review.
TUNBRIDGE WELLS & DISTRICT SAMARITANS Trustees Re ort for the ear ended 31$1 March 2024 Ob'ectives Activities Achievements & Perforniance in the Year The trustees believe that in all material respects. the plans and objectives of the organisation continue to be met. Our Outreach and Education activities continue, with more demand from schools than ever. A huge thank you must go to the volunteers in the branch without which none of this could happen. In my opening address as DI of the branch. I likened it to a ship with cvcryon¢ perfomiing some scrvice or other to keep the v¢ss¢l heading fonvard and in the right direction. The trustees would like to express their thanks and gratitude to all of the volunteers without whose willingness to give up their time, the services of this branch of Tunbridge Wells Samaritans would not function. Financial Review The accounts that follow show that unrestricted expenditure exceeded income by £21,225 (2023 £9,649). Exp¢nditure includes deprcciation of the charity's office equipment amounting to £556. Unrestricted income totalled £J9,571 (2023 - £J2.315). Income from donations and legacies (as shown on note 4) totalled £13,380, made up of a donation of £6,000 from Sweetwoods Golf Club (Ladies), a gift in kind of £2.000 to cover th¢ Independent Examiners (Crowe UK LLP) fees who are kindly donating their services free of charge and individual donations. and in Memoriam donations. The branch also received donations from Trusts of £1 1.250 and grants from local authorities of £2.550. Income from fundraising events totallcd £1 0.92J. Investment income totalled £1.468. Unrestricted charitable activities expenditure increased by £23,758. This is mainly due an increase in repairs and refurbishment of just over £29:013, an increase in office expenses and light and heat but also takcs into account a decrease of £6,807 in the New Branch Contribution. There were unrealised gains of £1.441 and realised gains of £244 in the value of our invcstm¢nts (worth £69,734 at 31 st March 2024). Our total net assets at J I st March 2024 amounted to £508.287, which includes the premises reserve fund of £425:000. It remains th¢ cas¢ that nearly all our income rcquiremcnt has to be raised from voluntary sources and fundraising activities: and we are indeed grateful to all those who continue to support us in these ways.
TUNBRIDGE WELLS & DISTRICT SAMARITANS
Trustees Report for the year ended 31°t March 2024
Statement of the Trustees’ responsibilities in respect of the Accounts
The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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e select suitable accounting policies and then apply them consistently;
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e observe the methods and principles in the Charities SORP;
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e make judgments and accounting estimates that are reasonable and prudent;
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e prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Wa behalf ofthe Trusteeson G-. @. 2 .[Allcorn] /\ieeson[Laafence] -(Ween. Chair ft Lessee caer cred vee Treasurer
Susan Simmons
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TUNBRIDGE WELLS & DISTRICT SAMARITANS ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024 Independent examiner's report to the Trustees of Tunbridge Wells & District Samaritans I report to the trustees on my examination of the accounts of Tunbridge Wells and District Samaritans for the year ended 31 March 2024 which are set out on pages l O to 19. This report is made solely to the charity"s trustees, as a body, in accordance with section 154 of the Charities Act 2011. My independent examiners work has been undertaken so that I might state to the charity trustc¢s those matters l am required to state to them in independent examiners report and for no other purpose. To the t"ullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charit!, the charity's members as a body and the charity s trustees as a body for my independent cxamincr's work for this report . or for the opinions I have fornicd. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charitics Act 2011 ('the Act,). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in caw'ing out my examination I have followed all the applicable Directions gii'¢n by the Charity Commission under section 145(5)(b) of the Act. Independent examiner's statement I have completed my examination. I confirni that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the Trnst as required by section 130 of the Act; or 2. the accounts do not accord with those records: or 3. the accounts do not comply with the applicable requirements concerning th¢ fomi and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent cxamination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be rcached. Matthew Howard ACA Crowc UK LLP Riverside House 40-46 High Street Maidstone, Kent ME14 1 JH
TUNBRIDGE WELLS & DISTRICT SAMARITANS si. STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Funds 2024 Unrestricted Funds 2023 Notes All Funds 2024 Income From: Ini'estment Income Donations, Grants & Gifts in Kind Fundraising Events 1.468 27.180 10,923 1,468 27,180 10,923 2,864 25,329 4,122 Total Income Expenditure on: Charitable Activities Fundraising Events 62.461 20 62,461 20 70 Total Expenditure Unrealisedlrealised Gainsl(loss) on Investments 1,685 1,685 (3,191) Net {Expenditure)IIncome Net Movement in Funds (21225) (21,225) (9,649) Reconciliation of funds Total funds brought forward at 1st April 2023 Total funds carried forward at 31st March 2024 529,512 529,512 539,161 £508 287 £508 287 £529 512 The notes on pages 12-19 forn] part of these accounts. io
TUNBRIDGE WELLS & DISTRICT SAMARITANS
BALANCE SHEET AS AT 31ST MARCH 2024
| NOTES | 2024 | 2023 | ||||
|---|---|---|---|---|---|---|
| TangibleFixedAssets | 8 | 427,599 | 427,177 | |||
| FixedAssets Investments | 9 | 69,734 | 81,484 | |||
| 497,333 | 508,661 | |||||
| Current Assets | ||||||
| Debtors | ||||||
| Prepayments and | ||||||
| accrued income | 606 | 4,974 | ||||
| Cash atBank | 14,906 | 28,021 | ||||
| 15,512 | 32,995 | |||||
| Current Liabilities | ||||||
| Creditors: amounts | ||||||
| falling due within one | ||||||
| year - | ||||||
| Accruals and other | ||||||
| creditors | 4,558 | 12,144 | ||||
| NetCurrent Assets | 10,954 | 20,851 | ||||
| Total Assets less current | ||||||
| Liabilities TheFunds ofthe Charity |
£508,287 | £529,512 | . | |||
| Unrestricted Funds | ||||||
| GeneralFund | 13 | 83,287 | 104,512 | |||
| PremisesReserve | 13 | 425,000 | 425,000 | |||
| 508,287 | 529,512 | |||||
| £508,287 | £529,512 |
The notes on pages 12 to 19 form part of these accounts.
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TUNBRIDGE WELLS & DISTRICT SAMARITANS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024 l. Status The charity is a Charitable Incorporated Organisation (CIO) in England & Wales Number 11683 82. Its registered address is 7 Lime Hill Road, Tunbridge Wells. Kent TNI I LJ. 2. Accounting Policies Basis of preparation and assessrnent of going concern The accounts (financial statements) have been prepared under the historical cost convention as modified by the revaluation of freehold property and investments with items recognised at cost or transaction value unless oth¢nvis¢ stated in th¢ r¢l¢vant note(s) to thes¢ accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordanc¢ with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective I" January 2019) - (Charities SORP (FRS 102)) and the Charities Act 2011. Th¢ financial statcm¢nts arc presented in pounds sterling and rounded to the nearest pound. The trust constitutes a public benefit entity as defined by FRS 102.The trustees consider that thcr¢ are no material uncertainties about the Trust's ability to continue as a going concern. Income Incom¢ received by way of donations and grants are rccognised when the cknity has entitlement to the funds. the receipt is probable. and the amount can be measured reliably. For donations. this is usually on receipt. For grants this is usually when a formal offer is made in writing. unless there are tern]s and conditions which must be met before the charity is entitled to the funds. The contribution of unpaid volunteers is not included in the accounts. Donations received under Deeds of Covenant or Gift Aid are grossed up to include the Income Tax recoverable thereon. Gross fundraising income from events organised by the Charity itself is included in the Statement of Financial Activities when the event takes place. Investment Income is accounted for in the period in which the charity is entitled to r¢c¢ipt. 12
TUNBRIDGE WELLS & DISTRICT SAMARITANS NOTES TO THE ACCOUNTS Colltinued FOR THE YEAR ENDED 31ST MARCH 2024 Expenditure Expenditure is r¢cognised when a present Icgal or constructive obligation exists at the balance sheei dale as a result of a past event. it is probable that a transfer of economic benefits will be required to settle the obligation, and the amount can be measured or estimated reliably. All costs are allocated betw¢¢n th¢ expenditure categories of the Statement of Financial ActiN'ities on a basis designed reflect the use of the resource. Support costs Support costs ar¢ thos¢ functions that assist the work of the Charity but do not directly undertake charitable activilies. Support costs include back office costs, finance, governance, costs associated with meeting the constitutional and statutory requirements of the charity and the costs linked to the strategic managemcnt of the charity. Taxation No proi'ision for taxation is included in the accounts as the Charity is entitled to the exemption for tax afforded by Section 505 of the Income and Corporation Taxes Act 1988. (D Tangible fixed assets Tangibl¢ fixed assets arc stated at cost or valuation less depreciation. Apart from the Freehold property. deprecialion is provided on all tangible fixed assets of material N'alue held by the Charity for its own use on a straight-line basis so as to write off their cost over their estimated use1 lives as follows: Computers Other olCe equipment/furniture 3 years 5 years In th¢ Trust¢¢s' opinion. it is not appropriate to depreciate freehold property as the property is maintained in good condition and has a high residual value such that any depreciation charged thereon would be immaterial. Financial Instruments The charity only has financial instruments which are classified as basic financial instruments. Short-tern] debtors and creditors are measured at the settlement N"alue. Any losses from impairment are recognised in the statement of financial activitics Fund aeeounting Unrestricted funds can be used in accordance with the charitable objectives at thc discretion of the trustees Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor. 13
TUNBRIDGE WELLS & DISTRICT SAMARITANS NOTES TO THE ACCOUNTS Continued FOR THE YEAR EINDED 31ST MARCH 2024 3. Investment Income 2024 2023 Bank Interest Receivable Income from Investments 112 1.356 £1,468 54 2.810 £2,864 4. Income from Donations Donations received from Trusts BNP Paribas Girdlcrs Company Charitabl¢ Tnjst Joan Ainslie Charitable Trust South East Water Spa Oil Stonewall Park Charitabl¢ Trust 2024 5.000 1.000 2023 1.250 500 3,000 1,500 500 250 2.000 £11250 £6,750 Other Donations including Gift Aid Donations, Gifts in Kind and In Memoriam Donations Grants Benendcn PC Buxted PC Chiddingly PC Crowborough TC Fletching PC Frittenden PC Forest Row PC Goudhurst PC Hawkhurst PC Heathfield & Waldron PC Heathfield & Waldron PC Hever PC Ightham PC Lingfield PC Paddock Wood TC Plaxtol PC Sladc Green PC £13J80 £15,904 200 200 250 200 500 250 75 300 50 500 300 250 250 500 500 100 250 250 100 200 £2,675 £2,550 Total Unrestrieted Income from Donations and £27,180 Grants £25J29 14
TUNBRIDGE WELLS & DISTRICT SAMARITANS NOTES TO THE ACCOUNTS Continued FOR THE YEAR ENDED 31ST MARCH 2024 5. Charitable Activities Expenditure 2024 2024 Unrestricted Total 2023 Total Premises Overheads Light & heat Water rates Maintenance, Redccoration & Refurbishment Cleaning Office telephone Insurance Depreciation General Household 3,694 456 2,051 399 456 40.826 3,070 40,826 11,813 2,227 373 1,429 518 314 1.481 556 132 1,481 556 132 £iO 215 £50 215 £19 124 2024 2024 2023 Premises Overheads as Above 50,215 50,215 19,124 747 1,855 2,058 Emergency telephone Office expenses Volunteer Training & Support costs Volunteer Travel Expenses Publicity, Advertising and Outreach Bank charges Support Costs (Note 6) Total expenditure for the year 1,538 1,538 2,518 30 2,518 30 3,533 461 214 214 226 4.547 £62 461 4,547 £62 461 10,699 £38 703 15
TUNBRIDGE WELLS & DISTRICT SAMARITANS NOTES TO THE ACCOUNTS Continued FOR THE YEAR ENDED 31ST MARCH 2024 6. Support Costs included within expenditure on charitable activities are apportioned between the activities as follows: 2024 2024 Unrestricted Total 2023 Total New Branch Contribution Governance Costs AGM/Branch meeting costs Independent Examiner, s Fees F¢¢s donated as Gift in Kind Independent Examiner"s Fees 1.582 1.582 8,389 965 965 858 2.000 2.000 1,452 £10 699 7. Net (Expenditure) I Income for the Year This is statcd aftcr charging= 2024 2023 Depreciation of tangible fixed assets Owned by the charity 556 518 Unrealisedlrealised Gain / (Loss) on Investments 1,685 (3,191) 16
TUNBRIDGE WELLS & DISTRICT SAMARITANS NOTES TO THE ACCOUNTS Continued FOR THE YEAR ENDED 31SI MARCH 2024 8. Tangible Fixed Assets Computers Office Freehold Equipment Pro Furniture Notes Cost or Valuation At I st April 2023 425.000 31.353 456,353 Additions during the year 978 978 At 31 st March 2024 £425 000 £32 31 £457 331 Depreciation At I st April 2023 Charge for the year 29,176 556 29,176 556 At 31 st March 2024 £29 732 £29 732 Net Book Value At 3 1st March 2024 £42) 000 £427 599 Net Book Value At 3 1st March 2023 £425 000 £427 177 The Charity, s freehold premises at 7 Lime Hill Road. Tunbridge Wells, Kent was brought into th¢ accounts in 2012 at a valuation of £33 7,500. There have been improvements to the property since that date of £42.178. The property was independently valued by Christopher Hough. a local property professional, on 26th July 2022 on an open market basis at £425.000. and the Trustees believe that it is appropriate to adopt this valuation for accounting purposes. The Trustees consider that there has been no material moN'ement since the aluatIOn date. The title to the freehold premises is held in the name of Tunbridge Wells & District Samaritans. 17
TUNBRIDGE WELLS & DISTRICT SAMARITANS NOTES TO THE ACCOUNTS Continued FOR THE YEAR ENDED 31SI MARCH 2024 9. Fixed Assets Investments At Market Value Sales During the Year Net Realised ProfitlLoss on Sales Net Unrealised GainlLoss 2023 2024 Threadneedle Ini'estment Funds U.K Gro & Income Fund JPM UK Higher Income Fund B Inc BLK Charities UK Equity Fund A Inc BLK Charities UK Bond Fund Alnc 9J99.72Uts 8,479 (8,737) 258 10029.75Uts 4,712 (4,698) (14) 7861.187Uts 55,712 1,629 57,341 8506.813Uts 12,581 (188) 12,393 £81484 £244 £1441 £69 734 (Losses)/Gains on Revaluation 10. Trustees Remuneration and Expenses The Trustees are considered to be the charity s key management personnel. None of the Charity, s Trustecs were dircctly or indirectly rcmunerated in any way. It is the policy of the Charity to reimburse in full all expenses properly incurred by its volunteers in connection with its charitable actiN'ities. There were no expenses paid to Trustees during the year. (2023 - £Nil}. 11. Indemnity Insurance Samaritans has centrally effected professional indemnity insurance to protect employees, Trust¢¢s: Directors and other voluntecr m¢mb¢rs of all Samaritan Branches. 18
TUNBRIDGE WELLS & DISTRICT SAMARITANS NOTES TO THE ACCOUNTS Continued FOR THE YEAR ENDED 31SI MARCH 2024 12. Related Party Transaetions Th¢r¢ wcr¢ no r¢lat¢d party transactions (2023: None). 13. Unrestricted Funds Balance at l April 2023 104.512 425.000 £529,512 Transfers between Funds Balance at 31 March 2024 Income and Gains Expenditure and bsses Unrestricted Funds General Reserves Premises Reserve 41.256 (62,481) 83,287 425,000 £508,287 £41.256 £(62,481) The premises reserve fund represents the amount invested in the charity s freehold property at valuation. Balance at l April 2022 Income and Gains Transfers between Funds Balance at 31 March 2023 104,512 425.000 £529,512 Expenditure Unrestricted Funds General Reserves Premises Reserve 32.315 41,964 425.000 £539,161 £32.315 £(41,964) 14. Analysis of Net Assets Between Funds Unrestricted funds 2024 427.599 Total funds 2024 427.599 69,734 Total funds 2023 427,177 81,484 Tan ible fixed assets Fixed asset investments Current assets Current liabilities Net assets 15.512 4.558 508,287 15.512 4.)58 508,287 32.995 12.144 529,512 19