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|---|---|---|---|
|Trustees'|annual
report|||
|Independent
examiner's
report to the trustees||||
|Statement|of financial|activities||
|Statement|of financial|position||
|Notes to the financial||statements||
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|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|
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||||||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|
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||||||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|
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|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|
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|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|
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|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|
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|||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|
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|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|
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|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|
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|||||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)|
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|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|
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|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||
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||||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|
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|||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||
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|||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|
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|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|
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|Stocks||||||||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|Finished|goods|and|goods|for|resale|1,000|1,000|
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|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|
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|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|
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|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|
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|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|
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|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|