| Trustees: | |||||||
|---|---|---|---|---|---|---|---|
| Lady Berney | |||||||
| Mrs K Claydon | |||||||
| Rev J F Dickens | |||||||
| Miss 5 E Dignasse | |||||||
| Cllr J Fleming (Appointed | by Essex | County Council) | |||||
| Dr A Knightbridge | |||||||
| Cllr A Lay (Appointed by Cllr 5 P Nunn (Appointed |
Maldo n Town Council) by Maldon District Council) (Resigned 4'" May 2023) |
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| Mr R Pipe | |||||||
| Mr C R Potter | |||||||
| Mrs 5Shires | |||||||
| Mrs 5 M Swaflin-Smith | |||||||
| Mr C A Wakefield | (Ex-Officio as Principal of Plume Academy) | ||||||
| Principal Oflicer: | Cllr A Lay | ||||||
| Registered | address: | Market Hill, Maldon, |
Essex CM9 4PZ | ||||
| Registered | Charity Number: | 1179957 | |||||
| Bankers: | Barclays Bank pic, | Leicester LE87 | 2BB | ||||
| Reporting | Accountants: | Lambert Chapman | LLP,3Warners | Mill, Silks Way, Braintree, Essex, | |||
| CM7 3GB | |||||||
| Independent | Examiner: | LGreenwood FCCA |
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| 3Warners Mill, |
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| Silks Way, | |||||||
| Braintree, | |||||||
| CM7 3GB | |||||||
| Libradan: | Dr H K Kemp |
| UNRESTRICTED | RESTRICTED | PERMANENT | TOTAL | |||
|---|---|---|---|---|---|---|
| FUNDS | FUNDS | ENDOWMENTFUND | FUNDS | |||
| Note | 2023 | 2023 | 2023 | 2023 | 2022 | |
| Incoming Resources | ||||||
| Donafions and Legacws | 2,841 | 6,965 | 9,806 | 125,598 | ||
| Charttabm Activibes |
328 | 328 | 336 | |||
| Investments | 25,512 | 25,512 | 24,838 | |||
| Total | 6,965 | 35,647 | 150,774 | |||
| Resources expended | ||||||
| Expenditure on:- |
||||||
| Charitable Ac6vilies |
35,308 | 42273 | ||||
| Total | 35,308 | 6,965 | 42,273 | 59,545 | ||
| Revaluation ofInvestmenls |
(42,421) | (42,421) | 21,998 | |||
| Net Surplus (Defrcit) |
(49,047) | 113,224 | ||||
| Revaluation ofFixed Assets |
575,753 | 575,753 | 289,351 | |||
| Transfer | ||||||
| Net movement in Funds |
(49,047) | 575,753 | 526,706 | 402,575 | ||
| Reconciliagon ofFunds | ||||||
| Opening Funds |
741,246 | 3,503,093 | 4244,339 | 3,841,763 | ||
| Total Funds canied forward | 692,199 | 4,078,846 | 4,771,045 | 4,244,339 |
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| Uuruslnctsd | Restricted | Permanent | Total | Total | ||||
| Note | Funds | Funds | Endowment | Fund | ||||
| Fixed Assets | ||||||||
| Tangible Assets |
2,000 | 2,000 | 2,000 | |||||
| Herhage Assets | 4,076,846 | 4,076,846 | 3,501,093 | |||||
| Investmenls | 644,259 | 644,259 | 686,680 | |||||
| Total Fixed Assets | 644,259 | 4,078,846 | 4,723,105 | 4,189,773 | ||||
| Cermet Assets | ||||||||
| Debtors | 7 | 7,963 | 8,908 | 6,769 | ||||
| Cash stgankandin | Hand | 9 | 42,700 | 48,894 | ||||
| 50,663 | 3,445 | 55,663 | ||||||
| Less Creditors | ||||||||
| Amounts fagng due within |
||||||||
| one year | 2,723 | 3,445 | 6,168 | 1,097 | ||||
| Net Current Assets | 47,940 | 47,940 | 54,5ey | |||||
| Total Assets | ||||||||
| lass Cunent Liabilities |
692,199 | 4,078,846 | 4,771,045 | 4244,339 | ||||
| Funds ofthe Chadly | 14 | |||||||
| Unrestricted | 145,503 | 145,503 | 152,129 | |||||
| Revalualmn Reserve |
546,696 | 546,696 | 589,117 | |||||
| Restricted | ||||||||
| Permanent Endowment |
4,078,846 | 4,078,846 | 3,503,093 | |||||
| Total Furlds | 692,199 | 4,078,846 | 4,771.045 | 4,244,339 |
| 1.Accourltirrg pogcies |
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|---|---|---|---|---|---|---|
| Statement ofcompliance | ||||||
| These accounts have been prepared in accordance with the second edition ofthe Charities Statement of Recommended |
Practice issued | |||||
| in October 2019,the Financial Reporting Standard applicable in the UK and Republic |
ofIreland (FRS 102)and the Charities Act | 2011. | ||||
| Basis ofpreparation | ||||||
| The Chanty meets the defin Tiion ofa public benefit en5ty under FRS 102.Assets and | liabilities are initially recognised at | historical cost or | ||||
| transacgon value unless otherwise stated in the relevant accounting policy notes. |
||||||
| Going Concern | ||||||
| The accounts have been prepared on agoing concern basis. The Trustees assess whether the use ofgoing concern is |
appropriate | r.e. | ||||
| whether there are any material uncertainties related to events or conditions that may |
cast significant doubt on the ability | ofthe charity | to | |||
| congnue asagoing concern. The trustees make this assessment in respect ofa period ofone year fmm the date ofappmval ofthe |
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| gnancial statements. | ||||||
| Judgements | ||||||
| Aparl from those judgements involving estimations, the management team have not |
made any judgements in the process ofapplying |
the | ||||
| entity's accounbng policies that have significant agent on the amounts recognised in the accounts. |
||||||
| Key sources ofestimation uncertainty |
||||||
| There are no key assumpbons concerning the future or other key sources ofesfimation uncertainty at the reporting date |
that have a | |||||
| sigmricant risk ofcausing a material adjustment tothe carrying amounts ofassets and liabilities within the next repomng |
period. | |||||
| Income | ||||||
| Income isincluded in the Statement ofFinancial AcdvNes (SoFA) when the charity is legally endtled tothe income, the |
amount can | be | ||||
| measured reliably and itis probable that the income will be received. |
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| There has been no offsetting ofassets and liabilities or income and expenses. | ||||||
| Grants, Donations and Legacies are only mduded ifmeeting the criteria for recognriion ofincome Donated assets are reported |
within | |||||
| income from donations and legacies at an appropriate fair value where pracdcable. |
||||||
| Income from Charitable Activities relates to the sales ofmerchandise and isinduded |
within the accounts on receipt. | |||||
| Tsx redaims on donations. Gift aid receivable is induded ifthere isa dedaration from the donor. Any gift aid rerxrvered |
on a donation | is | ||||
| considered as part ofthe donation and credited to the same fund as that donation. |
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| Income fiom interest and dividends are Inrduded on receipi |
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| Investment gains and losses rndude any realised gains orlosses on the sale ofinvestments, and any gain orloss on revaluation. |
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| Expenditure and Liabilities |
||||||
| Ag expenditure is accounted for on an accruals basis and has been dassified under |
headings that aggregate ag costs related tothat |
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| category. Expenditure is recognised where there is a legal or constructive obligation |
to make payments to third parties, |
itis probable | that | |||
| the settlement will be required and the amount ofthe obligations can the measured |
reliably. | |||||
| Chantable expenditure comprises those costs incurred by the charity in the delivery |
ofits activities and services for iis beneficiaries. | It | ||||
| indudes both costs that can be allocated directly to such activities and those costs ofan indirect nature to support them. |
||||||
| Governance costs indude the costs attributable to the charity's txrmpgance vriith constitutional and statutory requiremerd |
s | . |
| 2 | AABIyds | oflAcoihe | |||||
|---|---|---|---|---|---|---|---|
| Unrestdcted | Total | ||||||
| Funds | F nds | Fmide | |||||
| Donei ons | And LB9acies | 2 | |||||
| Donations and gem | 2.632 | 2.632 | |||||
| Go emment grants (COVID) | 2667 | ||||||
| Grant from Essex Communily | Foundafmn | ||||||
| Graht from Town Coundl | 7,001 | ||||||
| Gnmts from other chahses | 4,674 | I5251 | |||||
| Donated heritage assets | 100,000 | ||||||
| Total | 2,841 | 125,598 | |||||
| Charitable | Acbvxiss | ||||||
| Sales of Books and other items | |||||||
| Iricoiiia froiii liiveslniiilits | |||||||
| Interest income | 593 | 598 | 16 | ||||
| Div dend Income | 24,844 | 24.844 | 24,752 | ||||
| Lease IficofAB | 70 | 70 | 70 | ||||
| Total | 25,512 | 25,512 | 24.838 | ||||
| TOTAL INCOME | 28.682 | I50,774 |
| 3 | Analysis nf Expenditure | Unreshicted | Restricte | Total | ||||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Fiiiids | ||||||
| Expenditure on Charitable |
Activities | |||||||
| Staff Salariies and Wages | 19,034 | 19,034 | 20,048 | |||||
| Subscnptions and Conferences |
||||||||
| 18,034 | 19,034 | 20,048 | ||||||
| Library Contents | ||||||||
| Insurance | 4,865 | 4,865 | 4.370 | |||||
| Conseniabon | 828 | 2.500 | 3.328 | |||||
| Broke Purchased | 4,465 | 4,465 | 6,375 | |||||
| ITWebsite and Catahguing | Costs | 2,598 | 2,598 | 2,519 | ||||
| 8291 | 6,965 | 15,255 | 13264 | |||||
| Premises | ||||||||
| Maintenance of Building, |
Equipment | and Fittings | 20,540 | |||||
| Rent and Water Charges | 249 | 249 | 169 | |||||
| Cleaning Wages | 275 | 275 | ||||||
| Cleaning Costs | ||||||||
| 4,106 | 4.106 | 2,945 | ||||||
| 5,297 | 5,29T | 24,059 | ||||||
| General | ||||||||
| Telephone | 561 | |||||||
| Printing and Sla6onery | 368 | 368 | 112 | |||||
| post and Sundry Expenses | 86 | |||||||
| Publications | ||||||||
| The Annual Plume Lecture |
179 | 179 | 149 | |||||
| 1,194 | 1,335 | |||||||
| Total Expenditure on Charitable |
Activibes | 33,815 | 6,965 | 40,780 | 58,705 | |||
| Govemanee Costs |
||||||||
| Legal Fees | 630 | |||||||
| Independent Examiners Fees |
863 | 863 | 839 | |||||
| 1,493 | 1,493 | 839 | ||||||
| Total Resources Expended | 6,966 | 42,273 | ||||||
| Et | Paid Employees | 2023 | ||||||
| Staff Costs:- | ||||||||
| Salanes and Wages | 19,309 | 20,428 | ||||||
| Senal Security Costs | ||||||||
| Total Staff Costs | 'I9,309 | 20,428 | ||||||
| Average Head Count (a8 | charitable | activities) | ||||||
| Cliarrtable Activities |
4.5 | 4.5 | ||||||
| Governance | 0.5 | 0.5 | ||||||
| No employee received emoluments |
ofmore than | 560 000 dunng 0re year. |
| 4 Tangible Fixed Assets | Fistulas | ||||
|---|---|---|---|---|---|
| 4.1 Cost orvalua5onh | Freehold | FIM/lgs | Total | ||
| Land | and Equipment | ||||
| 7 | |||||
| Opening | 2,000 | 7,196 | 9,196 | ||
| Revaluation | |||||
| At end ofyear | 2,000 | 7,196 | 9,196 | ||
| Fixtures | |||||
| 4.2 Deprecia6on 3 | Freehold | Fitdrige | Total | ||
| Land | and Equipment | ||||
| Opening | 7,196 | 7,196 | |||
| Depreciation foryear |
|||||
| At end ofyear | 7,196 | 7,196 | |||
| Basis of Depreciation:- | |||||
| Freehold Land is not depreciated. | Fixtures, | FiMngs and Equipment are depreciated | over 3yearn on astraight | line basis. | |
| 43 Net BookValue:- | |||||
| At beginning ofyear |
2,000 | ||||
| At end ofyear | 2,000 | 2,000 |
| 5.5 Summary | 5.5 Summary | ol hentage amsts vsluest | ol hentage amsts vsluest | Year end | Valrr86tltl |
|---|---|---|---|---|---|
| 31 March 2023 | 4.078,846 | ||||
| 31 Mardi 2D22 | 3,501,D93 | ||||
| 31 March 2021 | 3,111,742 | ||||
| 31 March 2020 | 3,111.742 | ||||
| 31 March 2019 | 3,000.DDO | ||||
| 6 | Investment Amels | ||||
| 2023 | 2D22 | ||||
| 6.1 | |||||
| Openulg | Valuagon | 688,680 | |||
| Net Own | )toss) an | remluason | i42,421) | 21696 | |
| Denying | Value at end ofyear | ||||
| 62 | Analysis | ofinvestments:- | Value | Value | |
| alyear end | at year end | ||||
| 644,259 | 686,880 | ||||
| T | Debtors | and Pnlp8ytrrerlts | 2022 | ||
| Prepaymenls and Accmed Income |
6.710 | ||||
| ower Detaws | |||||
| 8 | Creditors and accruals | ||||
| 2023 | |||||
| Due wahin one year; | |||||
| 4,857 | 197 | ||||
| 1,311 | |||||
| 6,168 | |||||
| 9 | Cash at | Sank and | in Hand | ||
| 2023 | |||||
| Sholt Terrrl Deposits | |||||
| CBshst | 88tlk wnl | Irl Harui | 5,200 | 14,894 | |
| 45,200 | |||||
| 10 | FairValue ofAssets |
| THOMAS | THOMAS | THOMAS | PLUME'9 LIBRARY | PLUME'9 LIBRARY | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NOTES | TO THEACCOUNTS | FOR THE YEAR ENDED | 31STINARCH 2023 | |||||||||
| 14 | Charity Funds | |||||||||||
| 14.1 | Restricted Funds held and movements | in the current yeer:- | ||||||||||
| Balances | Transfers | Espendilure | ||||||||||
| 8 | Book Rmdacement | 4,465 | ||||||||||
| b | Paingng conservation | 2,500 | ||||||||||
| 6,965 | ||||||||||||
| a | BookReplacement | |||||||||||
| A continuing pmgrsmme supported to replace |
books which | are krmvm to bs missing | from | the mwecgon | ||||||||
| Fundmg | Friends ofTlmmas Plume's Libraty | 4,465 | ||||||||||
| b | Pahrirhg cousemafrorr |
|||||||||||
| Fun Oreising towe res | con smva | fmn ofthe Library's pain dngs |
||||||||||
| Fnnlfmg | Essmr | Community Founda6on |
2500 | |||||||||
| c | Biography project | |||||||||||
| To commmaon snd publish a |
bmgrsphy | ofthe | seofThomas | plume. Thh was completed |
in 2021. | |||||||
| d | Alcicvc protect | |||||||||||
| A programme for conserving, and cataloguing wes~toIhe General fund ms!year. |
lhe archive | olledion ofthe Library, rmw completed. | A | small residual bsmnce | ||||||||
| e | Ceiling rap(cue ant |
prcject | ||||||||||
| Aprajemto fund gle | removal | and storage of Lttsary contents | during ale replacement | ofIhe ceiling in 202D-21,now conduded. |