| Page | |||
|---|---|---|---|
| Trustees' | annual report |
||
| Independent examiner's report to the trustees |
|||
| Statement | of financial | activities | |
| Statement | of financial | position | |
| Notes to the financial | statements |
| Reference | and adm | inistrative | details |
|---|---|---|---|
| Registered | charity | name | The Joseph and Frances Clark Trust |
| Charity registration | number | 1170424 | |
| Principal | office | Greenbank House |
|
| 44 High Street | |||
| Street | |||
| Somerset | |||
| BA16OEQ | |||
| The trustees | Mr RBClark | ||
| Mr W BPedder | |||
| Mrs SM Pedder | |||
| Mr W RClark | |||
| Solicitors | Lancaster Parr | ||
| Pear Tree House | |||
| Wanstrow | |||
| Somerset | |||
| Bankers | NatWest | ||
| 72 High Street | |||
| Street, Somerset | |||
| BA16 OEJ |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||||
| funds | funds | Total funds | Total funds | ||||
| Note | |||||||
| Income and endowments | |||||||
| Charitable activities |
4 | 21,422 | 55,528 | 76,950 | 32,458 | ||
| Investment income |
5 | 7,626 | 7,626 | 7,784 | |||
| Total income | 29,048 | 55,528 | 84,576 | 40,242 | |||
| Expenditure | |||||||
| Expenditure on charitable |
activities | 6,7 | 108,502 | 55,528 | 164,030 | 200,958 | |
| Total expenditure | 108,502 | 55,528 | 164,030 | 200,958 | |||
| Net gains/(losses) on investments |
10 | 676,746 | 676,746 | (1,244,172) | |||
| Net income/(expenditure) | and net | ||||||
| movement in funds |
597,292 | 597,292 | (1,404,888) | ||||
| Reconciliation offunds |
|||||||
| Total funds brought | forward | 1,605,323 | 1,605,323 | 3,010,211 | |||
| Total funds carried | forward | 2,202,615 | 2,202,615 | 1,605,323 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Note | ||||||
| Fixed assets | ||||||
| Tangible fixed assets | 15 | 818,466 | 819,967 | |||
| Heritage assets | 15 | I | I | |||
| Investments | 17 | 916,210 | 239,464 | |||
| Programme | related investments | 18 | 178,000 | 178,000 | ||
| 1,912,677 | 1,237,432 | |||||
| Current assets |
||||||
| Stocks | 19 | 1,000 | 1,000 | |||
| Debtors | 20 | 92,857 | 52,101 | |||
| Cash at bank and in hand | 213,512 | 351,667 | ||||
| 307,369 | 404,768 | |||||
| Creditors: amounts | falling due within | one year | 21 | 17,431 | 36,877 | |
| Net current | assets | 289,938 | 367,891 | |||
| Total assets | less current liabilities | 2,202,615 | 1,605,323 | |||
| Net assets | 2,202,615 | 1,605,323 | ||||
| Funds ofthe charity | ||||||
| Unrestricted | funds | 2,202,615 | 1,605,323 | |||
| Total charity funds | 23 | 2,202,615 | 1,605,323 |
| 4. | Charitable activities |
Charitable activities |
|||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||||
| Funds | Funds | 2022 | |||||
| 5 | |||||||
| Income from non-investment | property | in | |||||
| furtherance ofthe charity's objects |
710 | 710 | |||||
| Project performance-related | grants | 55,528 | 55,528 | ||||
| Sale oflambs | 75 | 75 | |||||
| Wayleaves | 511 | 511 | |||||
| Grants received in respect ofland |
20,126 | 20,126 | |||||
| Other income from | charitable | activities | |||||
| 21,422 | 55,528 | 76,950 | |||||
| Unrestricted | Restricted | Total Funds | |||||
| Funds | Funds | 2021 | |||||
| Income from non-investment | property | in | |||||
| furtherance ofthe charity's objects |
699 | 699 | |||||
| Project performance-related | grants | 7,214 | 7,214 | ||||
| Sale oflambs | 1,419 | 1,419 | |||||
| Wayleaves | 106 | 106 | |||||
| Grants received in respect ofland |
21,963 | 21,963 | |||||
| Other income from | charitable | activities | 1,057 | 1,057 | |||
| 25,244 | 7,214 | 32,458 | |||||
| 5. | Investment income |
||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2022 | Funds | 2021 | ||||
| Bank interest receivable | 23 | 23 | 191 | 191 | |||
| Interest receivable | from programme | ||||||
| related investments | 7,603 | 7,603 | 7,593 | 7,593 | |||
| 7,626 | 7,626 | 7,784 | 7,784 |
| Expenditure | on charitable activities by f |
und type | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| Maintenance | ofland and property | 85,527 | 55,528 | 141,055 |
| Support costs | 22,975 | 22,975 | ||
| 108,502 | 55,528 | 164,030 | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| Maintenance | ofland and property | 170,512 | 7,214 | 177,726 |
| Support costs | 23,232 | 23,232 | ||
| 193,744 | 7,214 | 200,958 |
| Expenditure | on charitable activitie |
s by activity typ |
e | ||
|---|---|---|---|---|---|
| Activities | |||||
| undertaken | Support | Total funds | Total fund | ||
| directly | costs | 2022 | 2021 | ||
| Maintenance | ofland and property | 141,055 | 4,605 | 145,660 | 180,746 |
| Governance | costs | 18,370 | 18,370 | 20,212 | |
| 141,055 | 22,975 | 164,030 | 200,958 |
| 2022 | 2021 | ||
|---|---|---|---|
| Wagesisalaries | 22,809 | 27,336 | |
| Pension costs | 2,018 | 2,408 | |
| Repairs &maintenance | 109,522 | 135,292 | |
| Insurance | 3,482 | 3,719 | |
| Other professional |
fees | 1,723 | 8,025 |
| Depreciation | 1,501 | 946 | |
| Support costs as per note 9 | 4,605 | 3,020 | |
| Governance costs as per note 9 |
18,370 | 20,212 | |
| Total | 164,030 | 200,958 |
| Analysis of | support costs | |||
|---|---|---|---|---|
| Maintenance | ||||
| ofland and | ||||
| property | Total 2022 | Total 2021 | ||
| General office | 4,605 | 4,605 | 3,020 | |
| Governance | costs | 18,370 | 18,370 | 20,212 |
| 22,975 | 22,975 | 23,232 |
| General office co | sts | |||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Rent | 2,000 | 2,000 | ||||
| Internet, software |
and stationery | costs | 1,049 | 589 | ||
| Light &heat | 544 | 150 | ||||
| Repairs &maintenance | 735 | 109 | ||||
| Other establishment | 277 | 172 | ||||
| Total | 4,605 | 3,020 | ||||
| Governance costs |
are analysed | as follows: | ||||
| Governance costs |
||||||
| Secretarial and accountancy |
salaries and wages | 11,710 | 10,492 | |||
| Secretarial and accountancy |
pension costs | 903 | 925 | |||
| Life insurance | 476 | 512 | ||||
| Accountancy fees |
3,000 | 2,460 | ||||
| Other professional | fees | 1,069 | 593 | |||
| Independent examination |
fees | 1,000 | 5,060 | |||
| Other finance costs | 212 | 170 | ||||
| Total | 18,370 | 20,212 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
|---|---|---|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | ||||
| Gains/(losses) | on | other | investment | ||||
| assets | 676,746 | 676,746 | (1,244,172) | (1,244,172) |
| 11. | Net income/(expenditure) | Net income/(expenditure) | ||||||
|---|---|---|---|---|---|---|---|---|
| Net income/(expenditure) | is stated atter charging/(crediting): | |||||||
| 2022 | 2021 | |||||||
| g | ||||||||
| Depreciation | oftangible | fixed assets | 1,501 | 946 | ||||
| 12. | Independent | examination | fees | |||||
| 2022 | 2021 | |||||||
| Fees payable | to the independent | examiner | for: | |||||
| Independent | examination | ofthe | financial | statements | 1,700 | 3,950 |
| Staff costs | ||||
|---|---|---|---|---|
| The total staff costs and | employee | benefits for the reporting | period are analysed | as follows: |
| 2022 | 2021 | |||
| Wages and salaries | 34,519 | 37,828 | ||
| Employer contributions |
to pension | plans | 2,921 | 3,333 |
| Other employee benefits |
476 | 512 | ||
| 37,916 | 41,673 |
| costs were | K5,366(2021 | :K6,241). | :K6,241). | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| The average | head count | ofemployees | during | the year was 5 (2021: | 4).The | average | number | |||
| offull-time | equivalent employees |
during | the | year is analysed | as | |||||
| follows: | 2022 | 2021 | ||||||||
| No. | No, | |||||||||
| Number of | administrative | staff | 3 | 2 | ||||||
| Number of | land and property maintenance |
staff | 2 | 2 | ||||||
| 5 |
| Freehold | Plant and | ||||
|---|---|---|---|---|---|
| property | machinery | Total | |||
| Cost | |||||
| At 6April | 2021 and 5April 2022 | 814,896 | 18,069 | 832,965 | |
| Depreciation | |||||
| At 6 April | 2021 | 12,998 | 12,998 | ||
| Charge for | the year | 1,501 | 1,501 | ||
| At 5April | 2022 | 14,499 | 14,499 | ||
| Carrying | amount | ||||
| At 5April | 2022 | 814,896 | 3,570 | 818,466 | |
| At 5 April | 2021 | 814,896 | 5,071 | 819,967 |
| Heritage | ||
|---|---|---|
| assets | ||
| Cost or valuation | ||
| At 6April | 2021 and 5April 2022 | |
| Accumulated depreciation |
||
| At 6April | 2021 and 5April 2022 | |
| Carrying | amount | |
| At 5April | 2022 | |
| At 5 April | 2021 |
| Other | ||
|---|---|---|
| investments | ||
| Cost or valuation | ||
| At 6 April | 2021 | 239,464 |
| Additions | ||
| Fair value | movements | 676,746 |
| At 5April | 2022 | 916,210 |
| Impairment | ||
| At 6April | 2021 and 5April 2022 | |
| Carrying | amount | |
| At 5April | 2022 | 916,210 |
| At 5 April | 2021 | 239,464 |
| Programm | e related investments |
|
|---|---|---|
| Loans | ||
| g | ||
| Cost | ||
| 6April 2021 and 5April 2022 | 178,000 | |
| Impairment | ||
| 6April 2021 and 5April 2022 | ||
| Carrying | amount | |
| At 5April | 2022 | 178,000 |
| At 5 April | 2021 | 178,000 |
| Stocks | |||||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| Finished | goods | and | goods | for | resale | 1,000 | 1,000 |
| 20. | Debtors | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Prepayments | and accrued income | 668 | 809 | ||
| Other debtors | 92,189 | 51,292 | |||
| 92,857 | 52,101 | ||||
| 21. | Creditors: amounts | falling due within one year | |||
| 2022 | 2021 | ||||
| Accruals and | deferred | income | 9,223 | 11,852 | |
| Other creditors | 8,208 | 25,025 | |||
| 17,431 | 36,877 |
| Analysis ofc | Analysis ofc | haritable | fu |
nds | ||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | funds | |||||||
| At | Gains and | At 5April | ||||||
| 6 | April 2021 | Income | Expenditure | losses | 2022 | |||
| f, | g | |||||||
| General | funds | 1,605,323 | 29,048 | (108,502) | 676,746 | 2,202,615 | ||
| At | Gains and | At 5 April | ||||||
| 6 | April 2020 | Income | Expenditure | losses | 2021 | |||
| General | funds | 3,010,211 | 33,028 | (193,744) | (1,244,172) | 1,605,323 |
| Restricted | funds | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| At | Gains and | At | 5April | ||||||
| 6 | April | 2021 | Income | Expenditure | losses | 2022 | |||
| f, | |||||||||
| Restricted | Fund- | ||||||||
| Compton | Meadows | ||||||||
| Scheme | 55,528 | (55,528) | |||||||
| At | Gains and | At 5 April | |||||||
| 6 | April | 2020 | Income | Expenditure | losses | 2021 | |||
| Restricted | Fund- | ||||||||
| Compton | Meadows | ||||||||
| Scheme | 7,214 | (7,214) |
| grassland Analysis |
and provide additional bespoke habi ofnet assets between funds |
tat for certain butterflies. | tat for certain butterflies. |
|---|---|---|---|
| Unrestricted Total Funds |
|||
| Funds | 2022 | ||
| Tangible | fixed assets | 818,466 | 818,466 |
| Heritage | assets | I | 1 |
| Investments | 1,094,210 | 1,094,210 | |
| Current | assets | 307,369 | 307,369 |
| Creditors | less than I year | (17,431) | (17,431) |
| Net assets | 2,202,615 | 2,202,615 | |
| Unrestricted | Total Funds | ||
| Funds | 2021 | ||
| Tangible | fixed assets | 819,967 | 819,967 |
| Heritage | assets | I | 1 |
| Investments | 417,464 | 417,464 | |
| Current | assets | 404,768 | 404,768 |
| Creditors | less than I year | (36,877) | (36,877) |
| Net assets | 1,605,323 | 1,605,323 |
| Financial instruments | Financial instruments | |||
|---|---|---|---|---|
| The carrying amount for each category offinancial |
instrument | is as follows: | ||
| 2022 | 2021 | |||
| Financial assets measured | at fair value through | income and | expenditure | |
| Financial assets measured | at fair value through income and |
|||
| expenditure | 1,094,210 | 417,464 |
| DETAILS OF LAND AND PRO | PERTY | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| g | ||||
| FREEHOLD PROPERTY | ||||
| 38High Street —Strip | O.l acre | 4,645 | 4,645 | |
| Coombe Hollow —Squeak | l acre | 4,825 | 4,825 | |
| Coombe Wood | 35acres | 39,929 | 39,929 | |
| Compton Dundon -Agricultural |
28acres | 181,449 | 181,449 | |
| Land | ||||
| Hindhayes Field, Higher Brooks |
6acres | 13,660 | 13,660 | |
| Longwood | l27 acres | 170,902 | 170,902 | |
| Meeting House Orchard | l acre | 77,475 | 77,475 | |
| Old Bowling Green | I acre | 14,074 | 14,074 | |
| Turn HIIVBeer Wood | 4 acres | 5,083 | 5,083 | |
| Vine Orchard &Land nr | 2 acres | 36,832 | 36,832 | |
| Greenbank | ||||
| Dunwell Fields, Moorlynch |
32327 | 32,327 | ||
| Skateboard Park, Street | 57,312 | 57,312 | ||
| Teazle Wood, Lot 4, Higher | 6.7l acres | 47,857 | 47,857 | |
| Brooks | ||||
| Land at Overleigh, Street |
15,740 | 15,740 | ||
| Hatch Hill, Westfield Corner and | 54acres amenity | 4r4 24 acres | 72,236 | 72,236 |
| Fields | agricultural | |||
| Allotment Land |
3.5 acres | 16,953 | 16,953 | |
| Middle Leigh Farm and Field | 3acres | 23,597 | 23,597 | |
| 814,896 | 814,896 | |||
| GRAND TOTAL | 894894 | 814,896 |