COLYTON CHAMBER OF FEOFFEES
REPORT ON THE ACCOUNTS FOR THE YEAR TO 31[ST] DECEMBER 2023
(1) THE OVERALL POSITION
- (a) Income for the Year
Total Income increased from £64269 to £66888, a increase of £2,619 or just under 4%. The increase being due to a slight rise in rental income.
- (b) Expenditure for the Year
Total spending for the Year increased from £48,830 to to £88305, an increase of £39,475 or 81%. This increase included 32,552 for toilet refurbishment IT Developments. The figure also included dona�ons of £7,396 to organisa�ons including Colyton Primary school, Colyton Grammar school, Colyton Link, Colyten Run and the Colyton Xmas lights as well as dona�ons to individuals
(c) Final Account Balances at 31[st] December 2023[st] December was as follows:
£ Lloyds Bank Account 18,356 COIF Investment Fund 659658 COIF Property Fund 8558 COIF Deposit Account 9,988 Outstanding Loans Owed to the Feoffees 10,000 TOTAL ASSETS 706,560 Current Liabili�es NIL Net Assets at 31.12 2023 706,560
Profit and Loss Colyton Chamber of Feoffees For the year ended 31 December 2023 2023 Turnover Banquet Sales Book Sales 2,722.50 181.10 C Hammett Reni 1,072.50 Colyton Parish Council Rent Coombecottage Rent Fishing Rights Investment IncoTne 1,500.00 6,271.80 120.00 18,997.69 Renrs Dean 195.00 Shop Rent Slades Close Rent 15,OlW.00 573.00 stJohnsGarage Rent Town Hall Cottage Town H311 Hire 3..00 8,835.14 7,783.00 wayleave Total Turnover 36.52 66.888.25 Gross Profit 66,888.25 Administrative Costs Advertising& Marketing Agent Fees Audit &Accountancyfees Bailiff HonorariuTn 25.00 530.10 175.00 200.00 Bank Fees 276.28 Banquet Costs Cataker88es Cleaning Coronatio 3,799.60 12,595.52 573.75 826.71 Donations 5,796.63 Equipment General Expense5 2.125.56 179.40 Grosvenor Donation I,w.00 Insurance 6,136.88 lichen Repairs Legal Expenses Light, Power, Heating Pensions Costs 114.00 505.20 623.00 235.59 Poppywreath Postage, Freight& Courler Printing& Stationery ProfitlL0550n Investment5 56.60 22.20 405.01 154,945.2BI Profitand Loss Colytonchamberol Feoffees 28Oct2024 Page i of2
Profitand L05S 2023 Repairs& Nlaintenance Telephone & Intemet 40,588.39 717.12 144.00 Web Site and IT 1,704.00 WindowClÈaning TotslAdministrativeCosts 150.OD 33,360.26 Operating Profit 33,527.99 Profit on Ordinary Activities Before Taxation 33,527.99 Profit after Taxation 33,527.99 Profitand Loss Colytonchamberol Feoffees 28Oct2024 Page2of2
(.HAIIITY COMMISSION [(![} [INLIl.IlND IIND k,,LE5 Independent examiner's report on the accounts Section'A independent Examlner's Report ' Report to the trusteesl members of On accounts for the year ended Charity no lif any} Set out on pages I rpport lo 11)e Iruslpes on my Fxaniinaliori of the. aCOunt$ of the above chsjrily (' the I rust I l()r 11)e year ended -4 i .i,.L3 Responsibilities and As the charity Iruslees of the TrLisI, you are respoi)siole lor Ilie preparation basis of report of the accoijnts in aCo[dar}Ce with the reqLiirein@nls of Ihc Chcirilies Ac.1 2011 1.the Act.). I report in respect of Iny exaininalion of the Trust's accounts cai'ried out under section 145 of the 2011 Acl and in Cr1rrying out my examirialiori, have followed the applicable Directions give.n hy the Charity Com mi.$8ioii under section 14515llbl ot the Act. I have completed niy pxamin21ion. I coiifirm Ihal no material mallers h8ve. come lo my allenlion (other tlian that disclosed below '} in conneclion willi Ihe exdmindlioii whibh gives me raiJ.%e. lo belipve. IhAt In. any malprial respect.. aCCOLJiiling records wp.re iiol kept in accordance with section 130 of Ilie Act or thp arrnLinl.8 do not acr.nrd with the 3CCOLinling records Independent examiner's statement 117avp, no concerns and ave come aLross 110 other mallers ii) c.niiiipclioii with the exarn iiiation lo which allenlion should be drawn in order lo endblL d proper Lindgrstaiiding of the accoLlllts lo be ", eacheLI. Please delele the wJi-ds ii? 1170 brackols If Ih&y do not apply. Signed: Date.. Name.. Lf flfJ . Relevant professional qtialificationlsl or body lif anyl- Address.. CLL,8 i)CTr (' Section B Disclosure Only coinplete if the examiner needs lo highlight m alters of concern (see CC32, Independent exaniinalion of charity accounts: directions and guidance for exainiiiersl. IER October 2018
Give here brief detsi15 of any items that the examiner wishes to disclose. IER October 2018