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||||Page|
|---|---|---|---|
|Trustees'|annual
report|||
|Independent
examiner's
report to the trustees||||
|Statement|offinancial|activities||
|Statement|offinancial|position||
|Notes to the financial||statements||
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|Reference a|Reference a|nd 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|
|||||BA16 OEQ|
|The trustees||||Mr RB Clark|
|||||Mr W BPedder|
|||||Mrs SM Pedder|
|||||Mr W R Clark|
|Solicitors||||Lancaster Parr|
|||||Pear Tree House|
|||||Wanstrow|
|||||Somerset|
|Bankers||||NatWest|
|||||72 High Street|
|||||Street, Somerset|
|||||BA16 OEJ|
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|Mr D CWinter|ACA|
|---|---|
|Chalmers HBLtd||
|Chartered Accountants||
|20Chamberlain|Street|
|Wells||
|Somerset||
|BA5 2PF||
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|||||||2023||2022|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|||
||||||funds|funds|Total funds|Total funds|
|||||Note|||5||
|Income and endowments|||||||||
|Donations
and legacies||||4|350,000||350,000||
|Charitable
activities||||5|27,884|42,074|69,958|76,950|
|Investment
income||||5|11,790||11,790|7,626|
|Other income||||7|37,259||37,259|33,204|
|Total income|||||426,933|42,074|469,007|117,780|
|Expenditure|||||||||
|Expenditure
on charitable||activities||8,9|148,723|42,074|190,797|197,234|
|Total expenditure|||||148,723|42,074|190,797|197,234|
|Net gains on investments||||12|109,321||109,321|676,746|
|Net income and net|movement||in|funds|387,531||387,531|597,292|
|Reconciliation
offunds|||||||||
|Total funds brought|forward||||2,202,615||2,202,615|1,605,323|
|Total funds carried|forward||||2,590,146||2,590,146|2,202,615|
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|||||2023|2022|
|---|---|---|---|---|---|
||||Note|||
|Fixed assets||||||
|Tangible fixed assets|||17|882,193|818,466|
|Heritage assets|||18|I|I|
|Investments|||19|1,025,531|916,210|
|Programme|related investments||20|178,000|178,000|
|||||2,085,725|1,912,677|
|Current
assets||||||
|Stocks|||21|5,27tx|1,000|
|Debtors|||22|436,671|92,857|
|Cash at bank and in hand||||77,369|213,512|
|||||519,316|307,369|
|Creditors: amounts||falling due within one year|23|14,895|17,431|
|Net current|assets|||504,421|289,938|
|Total assets|less current habilities|||2,590,146|2,202,615|
|Net assets||||2,590,146|2,202,615|
|Funds ofthe charity||||||
|Unrestricted|funds|||2,590,146|2,202,615|
|Total charity funds|||25|2,590,146|2,202,615|
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|Donations
and legacies|||||
|---|---|---|---|---|
||Unrestricted|Total Funds|Unrestricted|Total Funds|
||Funds|2023|Funds|2022|
|Donations|||||
|Donations|350,000|350,000|||
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||||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|---|
||||Funds|Funds|2023|
|Income from non-investment|property|in||||
|furtherance
ofthe charity's objects|||300||300|
|Project performance-related
Sale oflambs|grants||2,457|42,074|42,074
2,457|
|Wayleaves|||136||136|
|Grants received
in respect ofland|||24,801||24,801|
|Other income from charitable|activities||190||190|
||||27,884|42,074|69,958|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2022|
|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|
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|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|
|||Funds|2023|Funds|2022|
|Bank interest receivable||465|465|23|23|
|Interest receivable|from programme|||||
|related investments||11,325|11,325|7,603|7,603|
|||11,790|11,790|7,626|7,626|
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|Other|income|||||||
|---|---|---|---|---|---|---|---|
|||Unrestricted|Total|Funds|Unrestricted|Total|Funds|
|||Funds||2023|Funds||2022|
|Other|income|37,259||37,259|33,204||33,204|
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|Expenditure|on charitable
activities
by f|und type|||
|---|---|---|---|---|
|||Unrestricted|Restncted|Total Funds|
|||Funds|Funds|2023|
|Maintenance|ofland and property|93,855|42,074|135,929|
|Support costs||54,868||54,868|
|||148,723|42,074|190,797|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2022|
|||||f.|
|Maintenance|ofland and property|88,439|55,528|143,967|
|Support costs||53,267||53,267|
|||141,706|55,528|197,234|
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|Expenditure|on charitable
activitie|s
by activity typ|e|||
|---|---|---|---|---|---|
|||Activities||||
|||undertaken|Support|Total funds|Total fund|
|||directly|costs|2023|2022|
|Maintenance|ofland and property|135,929|3,019|138,948|148,572|
|Governance|costs||51,849|51,849|48,662|
|||135,929|54,868|190,797|197,234|
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||2023|2022|
|---|---|---|
|Wages/salaries
Employer's
NIC|30,190
626|25,485|
|Pension costs
Rent
Repairs &maintenance
Insurance
Other professional
fees
Depreciation
Support costs as per note 11
Governance
costs as per note 11|2,717
3,752
88,199
3,672
6,773
3,019
51,849|2,255
109,521
3,482
1,723
1,501
4,605
48,662|
|Total|190,797|197,234|
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|Analysis of|support costs||||
|---|---|---|---|---|
|||Maintenance|||
|||ofland and|||
|||property|Total 2023|Total 2022|
|||f,|||
|General office
Governance
costs||3,019
51,849|3,019
51,849|4,605
48,662|
|||54,868|54,868|53,267|
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|General office costs are an|alys|ed|as follows:|||
|---|---|---|---|---|---|
|General office costs||||||
|||||2023|2022|
|Rent||||||
|Internet,
solbvare
and stationery
Light &heat
Repairs &maintenance
Other establishment|||costs|2,000
722
270|2,000
1,049
544
735|
|||||27|277|
|Total||||||
|||||3,019|4,605|
|Governance
costs are analysed||as|follows:|||
|Governance
costs||||||
|Secretarial
and accountancy
salaries and wages
Governance
costs - employer's
NIC
Secretarial
and accountancy
pension costs
Life insurance||||41,739
878
3,759|39,794
3,111|
|Accountancy
fees
Other professional
fees
Independent
examination
fees
Other finance costs||||712
4,775
714
(913)
185|476
3,000
1,069
1,000
212|
|Total||||||
|||||51,849|48,662|
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|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|---|---|
|||||Funds|2023|Funds|2022|
|Gains/(losses)|on|other|investment|||||
|assets||||109,321|109,321|676,746|676,746|
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|||||||2023|2022|
|---|---|---|---|---|---|---|---|
||Depreciation|oftangible fixed assets||||6,773|1,501|
|14.|Independent|examination|fees|||||
|||||||2023|2022|
||Fees payable|to the independent||examiner|for:|||
||Independent|examination|ofthe|financial|statements|1,500|1,700|
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|Staff costs|||||
|---|---|---|---|---|
|The total staff costs and|employee|benefits for the reporting|period are analysed|as follows:|
||||2023|2022|
|Wages and salaries
Social security costs
Employer contributions
Other employee
benefits|to pension|plans|71,929
1,504
6,476
712|65,279
5,366
476|
||||80,621|71,121|
|of the payroll
costs to other trusts,
but this
income
in both the current and prior year.|of the payroll
costs to other trusts,
but this
income
in both the current and prior year.|recharge
has now bee|recharge
has now bee|n re-classified|n re-classified|as othe|
|---|---|---|---|---|---|---|
|The average
head count ofemployees
during
offull-time
equivalent
employees
during the
follows:||the year was 3 (2022:
year is analysed
as||2023
5).The average||2022
number|
|Number ofadministrative
staff
Number ofland and property
maintenance|staff|||No.|2
I|No.
3
2|
||||||3|5|
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|||||||Freehold|Plant and|Plant and|Motor|||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||property|machinery||vehicles||Total|
||Cost|||||||||||
||At 6April 2022
Additions|||||814,896||18,069
12,900|57,600||832,965
70,500|
||At 5April 2023|||||814,896||30,969|57,600||903,465|
||Depreciation|||||||||||
||At 6April 2022
Charge for the year|||||||14,499
3,173|3,600||14,499
6,773|
||At 5April 2023|||||||17,672|3,600||21,272|
||Carrying
amount|||||||||||
||At 5April 2023|||||814,896||13,297|54,000||882,193|
||At 5 April 2022|||||814,896||3,570|||818,466|
|18.|Heritage assets|||||||||||
|||||||||||Heritage||
||||||||||||assets|
||Cost or valuation|||||||||||
||At 6April 2022 and 5|April 2023||||||||||
||Accumulated
depreciation|||||||||||
||At 6April 2022 and 5|April 2023||||||||||
||Carrying
amount|||||||||||
||At 5April 2023|||||||||||
||At 5 April 2022|||||||||||
||Heritage assets recognised|||at valuation||||||||
||The two sculptures
acquired
assets. Although
these
two|||in the year
sculptures|ended
5 April 2015 have been classified as heritage
have
been valued
at f125,000 each for insurance|||||||
||purposes,
they are subject to an agreement
which
stipulates
that the Trust is not allowed
to
dispose ofthem, without
first offering to sell them back to the seller for the original
purchase
cost ofgl. The sculptures
have therefore
been capitalised
at their initial acquisition
cost of
Kl, rather than at valuation,
to reflect this restriction.|||||||||||
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||Other|
|---|---|
||investments|
|Cost or valuation|g|
|At 6 April 2022
Additions|916,210|
|Fair value movements||
||109,321|
|At 5April 2023|1,025,531|
|Impairment||
|At 6April 2022 and 5April 2023||
|Carrying
amount||
|At 5April 2023|1,025,531|
|At 5 April 2022|916,210|
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||Loans|
|---|---|
|Cost||
|6April 2022 and 5April 2023|178,000|
|Impairment||
|6April 2022 and 5April 2023||
|Carrying
amount||
|At 5April 2023|178,000|
|At 5 April 2022|178,000|
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||||2023|2022|
|---|---|---|---|---|
||Finished goods and goods for resale||5,276|1,000|
|22.|Debtors||||
||||2023|2022|
||Prepayments
Other debtors|and accrued income|897
435,774|668
92,189|
||||436,671|92,857|
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|Creditor|s: amounts
faaing due within one year|||
|---|---|---|---|
|||2023|2022|
|Accruals
and deferred income
Other creditors||5,247
9,648|9,223
8,208|
|||14,895|17,431|
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|Analysis ofc|Analysis ofc|haritabl|e
funds|||||
|---|---|---|---|---|---|---|---|
|Unrestricted||funds||||||
||||At
6 April 2022|Income|Expenditure|Gains and
losses|At 6April
2023|
|General|funds||2,202,615|426,933|(148,723)|109,321|2,590,146|
||||At|||Gains and|At|
||||6April 2021|Income|Expenditure|losses|5 April 2022|
|General funds|||1,605,323|62,252|(141,706)|676,746|2,202,615|
|Restricted funds||||||||
||||At
6 April 2022|Income|Expenditure|Gains and
losses|At 5April
2023|
|Restricted Fund-||||||||
|Compton|Meadows|||||||
|Scheme||||42,074|(42,074)|||
||||At|||Gains and|At|
||||6 April 2021|Income|Expenditure|losses 5 April 2022||
|Restricted|Fund-|||||||
|Compton|Meadows|||||||
|Scheme||||55,528|(55,528)|||
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|||Unrestricted|Total Funds|
|---|---|---|---|
|||Funds|2023|
|Tangible fixed assets
Heritage assets||882,193
I|882,193
I|
|Investments
Current assets
Creditors
less than|I year|1,203,531
519,316
(14,895)|1,203,531
519,316
(14,895)|
|Net assets||2,590,146|2,590,146|
|||Unrestricted|Total Funds|
|||Funds|2022|
|Tangible
fixed assets
Heritage assets||818,466
I|818,466
I|
|Investments
Current assets
Creditors
less than|I year|1,094,210
307,369
(17,431)|1,094,210
307,369
(17,431)|
|Net assets||2,202,615|2,202,615|
|Financial instruments|Financial instruments||||
|---|---|---|---|---|
|The carrying
amount for each category offinancial||instrument|is as follows:||
||||2023|2022|
|Financial assets measured
Financial assets measured|at fair value through
income and
at fair value through
income and||expenditure||
|expenditure|||1,203,531|1,094,210|
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