``` REGISTERED CHARITY NUMBER: 1184163 ``` ## **`Report of the Trustees and`** ``` Financial Statements for the Year Ended 31 March 2023 ``` ``` for ``` ``` Woodbridge Tide Mill Charitable Trust ``` ``` Ballams Chartered Accountants Crane Court 302 London Road Ipswich Suffolk IP2 0AJ ``` ``` Woodbridge Tide Mill Charitable Trust ``` ## **`Contents of the Financial Statements for the Year Ended 31 March 2023`** ||**`Page`**| |---|---| |**`Chairman's Report`**|`1`| |**`Report of the Trustees`**|`2 to 3`| |**`Independent Examiner's Report`**|`4`| |**`Statement of Financial Activities`**|`5`| |**`Statement of Financial Position`**|`6`| |**`Notes to the Financial Statements`**|`7 to 13`| |**`Detailed Statement of Financial Activities`**|`14 to 15`| ``` Woodbridge Tide Mill Charitable Trust ``` ## **`Chairman's Report for the Year Ended 31 March 2023`** ``` DuringtheyearwehadseveralchangestotheteamattheMill.WesadlylostIanHuntoneofourwardensand a valued volunteer over a period of more than 15 years. ``` ``` We alsosaidgoodbyetoDanTarrantWillisourindefatigableHeadMillerandMillManagerwhodidso muchfor the Mill. We wish Dan every success in his new ventures. ``` ``` AkeyappointmenthasbeenthatofSteveMolyneauxasSeniorWarden.Stevehasrisentothechallengewith a tremendous effort. ``` ``` TheconditionoftheMillhasbeenverywellmaintainedbyourvolunteermaintenanceteamledbytrustee Rick Chapman.Withouttheireffortwe wouldhavetospenda considerableamountof moneyonroutinemaintenance of themillanditsmachinery.Oneoftheissueswehavehadtodealwithisthebuild-upofsiltinthemillrace.After a long processand havingall permissionsin place,dredging,or ratherjettingof the silt in the mill race will take place in 2023andenhanceourabilitytodomorewatermilling.Ithasbeendisappointingthat,becauseofthe tortuous processtogainassenttotheworkwehavenotbeenabletomeettheleadtimesrequiredbygrantmaking bodies. The cost of the dredging will fall on the Mill itself. ``` ``` We havebeenvery fortunateto havebeenableto appointvolunteerDr Amy Barnesas HonCurator.Alongside work todisplaythehistoryof theMilltovisitors,Dr Barnesis leadingworktoconserveandcataloguetheMill'sarchive of papers and images. ``` ``` With education,alongsidesharingthe Mill's industrialheritage,our educationlead Tassa Deparishas very successfully extendedoureducationworkwithherEcoWarriorsprogrammeforschools.Thissharesnotonlythehistoryof the Millbutalsoshowsthatitdemonstratesrenewableenergywhichiscriticaltotheunderstandingofthethreats from climatechange.Helpingwiththeunderstandingofthisisourmicrogeneratorwhichallowspeopletorecharge their smartphones and the weather station. We have also gained a gold carbon charter award for the third time. ``` ``` We continueto mill flour,bag it, anddistributeit.Our volunteerteam coordinatedby Ian GrayandCarolinePeeke is fantastic and the trustees are very proud of their dedication. ``` ``` Also behind the scenes is our communications work led by Simon Ballard which is outstanding. ``` ``` WeareveryfortunatetohaveadedicatedgroupofvolunteersalongsidethoseIhavenamedactingasguides and supporting our social media outreach. ``` ``` The year saw the Mill beginto recoverfrom the impactof Covidon visitornumbersand althoughwe made a financial loss this was within our plan. ``` ``` My sincere thanks go to Vice Chair and Hon Treasurer Ian Reed for his staunch support during the year. ``` ``` John Carrington ``` ``` Page 1 ``` ``` Woodbridge Tide Mill Charitable Trust ``` ## **`Report of the Trustees for the Year Ended 31 March 2023`** ``` Thetrusteespresenttheirreportwiththefinancialstatementsof thecharityfortheyearended31 March2023. The trusteeshaveadoptedthe provisionsof AccountingandReportingby Charities:Statementof Recommended Practice applicableto charitiespreparingtheiraccountsin accordancewiththe FinancialReportingStandardapplicablein the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ``` ## **`OBJECTIVES AND ACTIVITIES`** ## **`Objectives`** ``` To preserveand protectthe buildingknownas the Tide Mill for the benefitof the publicand primarilythe inhabitants ofWoodbridgeinthecountyofSuffolkasabuildingofhistoricalandarchitecturalinterestandofhistorical and technicalimportance,andtomaintainamuseumofsocialandculturalhistory,retainedfortheeducationof the present and future generationsand to providefacilitiesavailableto the inhabitantsof Woodbridgeand to members of thepublicatlargeforrecreationorotherleisure-timeoccupationintheinterestsof socialwelfarewiththeobject of improving the conditions of life for the persons for whom the facilities are primarily intended. ``` ## **`FINANCIAL REVIEW`** ## **`Financial report`** ``` Netoutgoingresourcesamountedto£6,675(2022:£13,096incoming),andthecharity'sfundshavefallen to £122,072.Fulldetailsofthefinancialpositionareshownintheaccounts.Thetrusteesareoftheopinionthat the charity's assets are available and adequate to fulfil any and all of its obligations. ``` ## **`Investment policy and objectives`** ``` Surplusfundsnotrequiredforworkingpurposesareinvestedininterestbearingaccountswhichare regularly reviewed. ``` ## **`Funds and reserves`** ``` Attheendoftheperiodthecharityhadunrestrictedgeneralfundsof£50,000andarestrictedpreservation repair fundof£72,072.Thetrusteesregularlyreviewtheavailablereserves,andtheleveltakesintoaccount expected monthlyexpenditure,existingcommitmentsandfuturecapitalcommitmentscommensuratewithaGrade1 listed building. ``` ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`** ## **`Structure, Governance and Management`** ``` WoodbridgeTideMillCharitableTrustisgovernedbytheconstitutionof28June2019whichcreatedthe charitable incorporated organisation. ``` ``` WoodbridgeTownCouncilisthecustodiantrusteeofthebuildinginaccordancewiththePublicTrusteeAct 1906. Members of the managing committee are the charity trustees as defined within the meaning of the Charities Act 2011. ``` ## **`The Managing Committee`** ``` The governingdocumentprovidesfor the managingcommitteeto be responsiblefor the Tide Millin accordance with theobjectivesandadministrativeclausessetoutinthegoverningdocument.Alltrusteesarevolunteersand receive no remuneration from the charity in pursuance of their duties as trustees. ``` ## **`Risk management`** ``` Thetrusteeshaveadutytoidentifyandreviewtheriskstowhichthecharityisexposedandtoensure appropriate controlsareinplacetoprovidereasonableassuranceagainstfraudanderror.Thetrusteeshavereviewedthe major riskstothecharity.TheonlyareaofconcernisfuturemajoritemsofmaintenancecostsassociatedwithaGrade 1 listed220yearoldbuildingofthenatureanditsrelatedmachinery.Accordinglythetrusteeshaveestablished a restricted preservation repair fund to allow available monies to be put to one side each year to build a 'sinking fund'. ``` ## **`REFERENCE AND ADMINISTRATIVE DETAILS`** ## **`Registered Charity number`** ``` 1184163 ``` ``` Page 2 ``` ``` Woodbridge Tide Mill Charitable Trust ``` ## **`Report of the Trustees for the Year Ended 31 March 2023`** ## **`Principal address`** ``` Woodbridge Tide Mill Tide Mill Quay Woodbridge Suffolk IP12 1BY ``` ## **`Trustees`** ``` G E Holdcroft J C Carrington Chairman R Macfarlane (resigned 8.2.23) F J Hale Vice Chairman (resigned 3.7.22) P Gillard Councillor S Bale (resigned 18.5.22) R Chapman I Mckechnie I Reed Vice Chairman and Honorary Treasurer M J Sutton Lady V Jessel (appointed 8.2.23) Dr A J Barnes (appointed 3.7.22) Councillor C Page (appointed 18.5.22) ``` ## **`Independent Examiner`** ``` M J Mortimer FCA FCCA Ballams Chartered Accountants Crane Court 302 London Road Ipswich Suffolk IP2 0AJ ``` ``` Approved by order of the board of trustees on 22 June 2023 and signed on its behalf by: ``` ``` J C Carrington - Trustee ``` ``` Page 3 ``` ## **`Independent Examiner's Report to the Trustees of Woodbridge Tide Mill Charitable Trust`** ## **`Independent examiner's report to the trustees of Woodbridge Tide Mill Charitable Trust`** ``` I report to the charitytrustees on my examinationof the accountsof WoodbridgeTide Mill CharitableTrust (the Trust) for the year ended 31 March 2023. ``` ## **`Responsibilities and basis of report`** ``` AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the requirements of the Charities Act 2011 ('the Act'). ``` ``` I reportin respectof my examinationof the Trust'saccountscarriedoutunderSection145 of the Act andin carrying out my examinationI have followedall applicableDirectionsgiven by the CharityCommissionunderSection 145(5)(b) of the Act. ``` ## **`Independent examiner's statement`** ``` I havecompletedmyexamination.I confirmthatnomaterialmattershavecometomyattentioninconnection with the examination giving me cause to believe that in any material respect: ``` `1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or` `2. the accounts do not accord with those records; or` `3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.` ``` Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ``` ``` M J Mortimer FCA FCCA ``` ``` Ballams Chartered Accountants Crane Court 302 London Road Ipswich IP2 0AJ ``` ``` 23 June 2023 ``` ``` Page 4 ``` ## **`Woodbridge Tide Mill Charitable Trust`** ## **`Statement of Financial Activities`** ## **`for the Year Ended 31 March 2023`** |`Unrestricted`
`funds`
`Notes`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`2`
**`17,916`**
**`Charitable activities`**
`5`
`Operation of Tide Mill`
**`5,148`**
`Other trading activities`
`3`
**`49,732`**
`Investment income`
`4`
**`230`**
**`Total`**
**`73,026`**
**`EXPENDITURE ON`**
`Raising funds`
**`7,938`**
**`Charitable activities`**
`Operation of Tide Mill`
**`68,474`**
**`Total`**
**`76,412`**
**`NET INCOME/(EXPENDITURE)`**
**`(3,386)`**
**`Transfers between funds`**
`12`
**`3,386`**
**`Net movement in funds`**
**`-`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`50,000`**
**`TOTAL FUNDS CARRIED FORWARD`**
**`50,000`**|`Restricted`
`funds`
`£`
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`3,289`**
**`3,289`**
**`(3,289)`**
**`(3,386)`**
**`(6,675)`**
**`78,747`**
**`72,072`**|**`2023`**
**`Total`**
**`funds`**
**`£`**
**`17,916`**
**`5,148`**
**`49,732`**
**`230`**
**`73,026`**
**`7,938`**
**`71,763`**
**`79,701`**
**`(6,675)`**
**`-`**
**`(6,675)`**
**`128,747`**
**`122,072`**|`2022`
`Total`
`funds`
`£`
`17,442`
`28,116`
`42,652`
`12`| |---|---|---|---| ||||`88,222`| ||||`8,683`
`66,443`| ||||`75,126`| ||||`13,096`
`-`| ||||`13,096`
`115,651`| ||||`128,747`| ``` The notes form part of these financial statements ``` ``` Page 5 ``` ## **`Woodbridge Tide Mill Charitable Trust`** ## **`Statement of Financial Position`** ## **`31 March 2023`** |`Unrestricted`
`funds`
`Notes`
`£`
**`FIXED ASSETS`**
`Tangible assets`
`8`
**`5,718`**
**`CURRENT ASSETS`**
`Stocks`
`9`
**`2,135`**
`Debtors`
`10`
**`604`**
`Cash at bank and in hand`
**`43,461`**
**`46,200`**
**`CREDITORS`**
`Amounts falling due within one year`
`11`
**`(1,918)`**
**`NET CURRENT ASSETS`**
**`44,282`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`50,000`**
**`NET ASSETS`**
**`50,000`**
**`FUNDS`**
`12`
`Unrestricted funds`
`Restricted funds`
**`TOTAL FUNDS`**|`Restricted`
`funds`
`£`
**`-`**
**`-`**
**`-`**
**`72,072`**
**`72,072`**
**`-`**
**`72,072`**
**`72,072`**
**`72,072`**|**`2023`**
**`Total`**
**`funds`**
**`£`**
**`5,718`**
**`2,135`**
**`604`**
**`115,533`**
**`118,272`**
**`(1,918)`**
**`116,354`**
**`122,072`**
**`122,072`**
**`50,000`**
**`72,072`**
**`122,072`**|`2022`
`Total`
`funds`
`£`
`4,011`
`-`
`1,244`
`125,594`
`126,838`
`(2,102)`
`124,736`
`128,747`
`128,747`
`50,000`
`78,747`
`128,747`| |---|---|---|---| ``` The financialstatementswere approvedby the Boardof Trusteesandauthorisedfor issueon 22 June 2023and were signed on its behalf by: ``` ``` J C Carrington - Trustee ``` ``` The notes form part of these financial statements ``` ``` Page 6 ``` ``` Woodbridge Tide Mill Charitable Trust ``` ## **`Notes to the Financial Statements for the Year Ended 31 March 2023`** ## **`1. ACCOUNTING POLICIES`** ## **`Basis of preparing the financial statements`** ``` Thefinancialstatementsof thecharity,whichis a publicbenefitentityunderFRS 102,havebeenprepared in accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ``` ## **`Income`** ``` All incomeis recognisedin the Statementof FinancialActivitiesoncethe charityhasentitlementto the funds, it is probable that the income will be received and the amount can be measured reliably. ``` ## **`Expenditure`** ``` Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement andtheamountof theobligationcanbe measuredreliably.Expenditureis accountedforonanaccruals basis andhas been classifiedunderheadingsthataggregateall costrelatedto the category.Wherecostscannot be directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the use of resources. ``` ## **`Tangible fixed assets`** ``` Depreciationis providedat the followingannualrates in orderto write off each asset over its estimated useful life. ``` ``` Plant and machinery- 15% on reducing balance Fixtures and fittings- 20% on reducing balance Computer equipment- 33% on cost ``` ## **`Stocks`** ``` Stocksarevaluedatthelowerofcostandnetrealisablevalue,aftermakingdueallowanceforobsolete and slow moving items. ``` ## **`Taxation`** ``` The charity is exempt from tax on its charitable activities. ``` ## **`Fund accounting`** ``` Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. ``` ``` Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. ``` ``` Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial statements. ``` ``` continued... ``` ``` Page 7 ``` ``` Woodbridge Tide Mill Charitable Trust ``` ## **`Notes to the Financial Statements - continued`** ## **`for the Year Ended 31 March 2023`** |**`2.`**
**`DONATIONS AND LEGACIES`**
`Donations`
`Gift aid`
`Woodbridge Town Council`
`Subscriptions - friends`
`Hire of Tide Mill`
**`3.`**
**`OTHER TRADING ACTIVITIES`**
`Fundraising events`
`Admissions`
`Sales`
**`4.`**
**`INVESTMENT INCOME`**
`Deposit account interest`
**`5.`**
**`INCOME FROM CHARITABLE ACTIVITIES`**
`Activity`
`Government and other`
`grants`
`Operation of Tide Mill`
`Insurance claims`
`Operation of Tide Mill`
**`6.`**
**`TRUSTEES' REMUNERATION AND BENEFITS`**|**`2023`**
**`£`**
**`3,019`**
**`2,799`**
**`7,500`**
**`2,598`**
**`2,000`**
**`17,916`**
**`2023`**
**`£`**
**`(186)`**
**`29,882`**
**`20,036`**
**`49,732`**
**`2023`**
**`£`**
**`230`**
**`2023`**
**`£`**
**`4,495`**
**`653`**
**`5,148`**|`2022`
`£`
`5,308`
`1,616`
`7,500`
`2,538`
`480`
`17,442`
`2022`
`£`
`(138)`
`25,242`
`17,548`
`42,652`
`2022`
`£`
`12`
`2022`
`£`
`19,936`
`8,180`
`28,116`| |---|---|---| ``` Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2023norforthe year ended 31 March 2022. ``` ## **`Trustees' expenses`** ``` Therewerenotrustees'expensespaidfortheyearended31March2023norfortheyear ended 31 March 2022. ``` ``` continued... ``` ``` Page 8 ``` ``` Woodbridge Tide Mill Charitable Trust ``` ## **`Notes to the Financial Statements - continued`** ## **`for the Year Ended 31 March 2023`** ## **`7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`** |`Unrestricted`
`funds`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`17,442`
**`Charitable activities`**
`Operation of Tide Mill`
`28,116`
`Other trading activities`
`42,652`
`Investment income`
`12`
**`Total`**
`88,222`
**`EXPENDITURE ON`**
`Raising funds`
`8,683`
**`Charitable activities`**
`Operation of Tide Mill`
`66,443`
**`Total`**
`75,126`
**`NET INCOME`**
`13,096`
**`Transfers between funds`**
`(11,121)`
**`Net movement in funds`**
`1,975`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`48,025`
**`TOTAL FUNDS CARRIED FORWARD`**
`50,000`|`Restricted`
`funds`
`£`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`11,121`
`11,121`
`67,626`
`78,747`|`Total`
`funds`
`£`
`17,442`
`28,116`
`42,652`
`12`| |---|---|---| |||`88,222`| |||`8,683`
`66,443`| |||`75,126`| |||`13,096`
`-`| |||`13,096`
`115,651`| |||`128,747`| ``` continued... ``` ``` Page 9 ``` ``` Woodbridge Tide Mill Charitable Trust ``` ## **`Notes to the Financial Statements - continued`** ## **`for the Year Ended 31 March 2023`** ## **`8. TANGIBLE FIXED ASSETS`** |`Fixtures`
`Plant and`
`and`
`Computer`
`machinery`
`fittings`
`equipment`

`£`
`£`
`£`
**`COST`**
`At 1 April 2022`
**`151`**
**`139`**
**`4,663`**
`Additions`
**`-`**
**`2,000`**
**`389`**
`At 31 March 2023`
**`151`**
**`2,139`**
**`5,052`**
**`DEPRECIATION`**
`At 1 April 2022`
**`65`**
**`74`**
**`803`**
`Charge for year`
**`13`**
**`13`**
**`656`**
`At 31 March 2023`
**`78`**
**`87`**
**`1,459`**
**`NET BOOK VALUE`**
`At 31 March 2023`
**`73`**
**`2,052`**
**`3,593`**
`At 31 March 2022`
`86`
`65`
`3,860`
**`9.`**
**`STOCKS`**
**`2023`**
**`£`**
`Stocks`
**`2,135`**
**`10.`**
**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
**`2023`**
**`£`**
`Trade debtors`
**`604`**
**`11.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
**`2023`**
**`£`**
`Trade creditors`
**`711`**
`Taxation and social security`
**`224`**
`Other creditors`
**`983`**
**`1,918`**|`Totals`
`£`
**`4,953`**
**`2,389`**| |---|---| ||**`7,342`**| ||**`942`**
**`682`**| ||**`1,624`**| ||**`5,718`**| ||`4,011`| ||`2022`
`£`
`-`| ||`2022`
`£`
`1,244`| ||`2022`
`£`
`930`
`254`
`918`| ||`2,102`| ``` continued... ``` ``` Page 10 ``` ``` Woodbridge Tide Mill Charitable Trust ``` ## **`Notes to the Financial Statements - continued`** ## **`for the Year Ended 31 March 2023`** ## **`12. MOVEMENT IN FUNDS`** |**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Preservation repair fund`
**`TOTAL FUNDS`**
`Net movement in funds, included in the above are a`
**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Preservation repair fund`
**`TOTAL FUNDS`**
**`Comparatives for movement in funds`**
**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Preservation repair fund`
**`TOTAL FUNDS`**|`At 1.4.22`
`£`
**`50,000`**
**`78,747`**
**`128,747`**
`s follows:`
`At 1.4.21`
`£`
`48,025`
`67,626`
`115,651`|`Net`
`movement`
`in funds`
`£`
**`(3,386)`**
**`(3,289)`**
**`(6,675)`**
`Incoming`
`resources`
`£`
**`73,026`**
**`-`**
**`73,026`**
`Net`
`movement`
`in funds`
`£`
`13,096`
`-`
`13,096`|`Transfers`
`between`
`At`
`funds`
`31.3.23`
`£`
`£`
**`3,386`**
**`50,000`**
**`(3,386)`**
**`72,072`**
**`-`**
**`122,072`**
`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
**`(76,412)`**
**`(3,386)`**
**`(3,289)`**
**`(3,289)`**
**`(79,701)`**
**`(6,675)`**
`Transfers`
`between`
`At`
`funds`
`31.3.22`
`£`
`£`
`(11,121)`
`50,000`
`11,121`
`78,747`
`-`
`128,747`| |---|---|---|---| ``` continued... ``` ``` Page 11 ``` ``` Woodbridge Tide Mill Charitable Trust ``` ## **`Notes to the Financial Statements - continued`** ## **`for the Year Ended 31 March 2023`** ## **`12. MOVEMENT IN FUNDS - continued`** ``` Comparative net movement in funds, included in the above are as follows: ``` |`Incoming`
`resources`
`£`
**`Unrestricted funds`**
`General fund`
`88,222`
**`TOTAL FUNDS`**
`88,222`
`A current year 12 months and prior year 12 months combined position is as follows:`
`Net`
`movement`
`At 1.4.21`
`in funds`
`£`
`£`
**`Unrestricted funds`**
`General fund`
`48,025`
`9,710`
**`Restricted funds`**
`Preservation repair fund`
`67,626`
`(3,289)`
**`TOTAL FUNDS`**
`115,651`
`6,421`|`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(75,126)`
`13,096`
`(75,126)`
`13,096`
`Transfers`
`between`
`At`
`funds`
`31.3.23`
`£`
`£`
`(7,735)`
`50,000`
`7,735`
`72,072`
`-`
`122,072`| |---|---| ``` A currentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedinthe above are as follows: ``` ||`Incoming`|`Resources`|`Movement`| |---|---|---|---| ||`resources`|`expended`|`in funds`| ||`£`|`£`|`£`| |**`Unrestricted funds`**|||| |`General fund`|`161,248`|`(151,538)`|`9,710`| |**`Restricted funds`**|||| |`Preservation repair fund`|`-`|`(3,289)`|`(3,289)`| |**`TOTAL FUNDS`**|`161,248`|`(154,827)`|`6,421`| ``` continued... ``` ``` Page 12 ``` ``` Woodbridge Tide Mill Charitable Trust ``` ``` Notes to the Financial Statements - continued for the Year Ended 31 March 2023 ``` ## **`13. RELATED PARTY DISCLOSURES`** ``` There were no related party transactions for the year ended 31 March 2023. ``` ``` Page 13 ``` ``` Woodbridge Tide Mill Charitable Trust ``` ## **`Detailed Statement of Financial Activities`** ## **`for the Year Ended 31 March 2023`** |**`for the Year Ended`**|**`31 March 2023`**|| |---|---|---| ||`2023`|`2022`| ||`£`|`£`| |**`INCOME AND ENDOWMENTS`**||| |**`Donations and legacies`**||| |`Donations`|**`3,019`**|`5,308`| |`Gift aid`|**`2,799`**|`1,616`| |`Woodbridge Town Council`|**`7,500`**|`7,500`| |`Subscriptions - friends`|**`2,598`**|`2,538`| |`Hire of Tide Mill`|**`2,000`**|`480`| ||**`17,916`**|`17,442`| |**`Other trading activities`**||| |`Fundraising events`|**`(186)`**|`(138)`| |`Admissions`|**`29,882`**|`25,242`| |`Sales`|**`20,036`**|`17,548`| ||**`49,732`**|`42,652`| |**`Investment income`**||| |`Deposit account interest`|**`230`**|`12`| |**`Charitable activities`**||| |`Government and other grants`|**`4,495`**|`19,936`| |`Insurance claims`|**`653`**|`8,180`| ||**`5,148`**|`28,116`| |**`Total incoming resources`**|**`73,026`**|`88,222`| |**`EXPENDITURE`**||| |**`Other trading activities`**||| |`Purchases`|**`9,546`**|`8,558`| |`Packaging`|**`527`**|`125`| |`Closing stock`|**`(2,135)`**|`-`| ||**`7,938`**|`8,683`| |**`Charitable activities`**||| |`Insurance`|**`3,358`**|`3,507`| |`Electricity and water`|**`2,337`**|`824`| |`Postage and stationery`|**`391`**|`-`| |`Advertising`|**`860`**|`1,847`| |`Maintenance and cleaning`|**`10,660`**|`2,321`| |`Pest control & extinguishers`|**`1,781`**|`1,500`| |`Wardens`|**`18,088`**|`7,320`| |`Carried forward`|**`37,475`**|`17,319`| ``` This page does not form part of the statutory financial statements ``` ``` Page 14 ``` ## **`Woodbridge Tide Mill Charitable Trust`** |**`Charitable activities`**
`Brought forward`
`Administration officers`
`Accountancy`
`Professional fees`
`Pension cost`
`Telephone`
`Learning & activities`
`Bank charges`
`Wages - Education`
`Curation costs`
`Sundry office expenses`
`Office machine costs`
`Depreciation - plant and machinery`
`Depreciation - fixtures and fittings`
`Depreciation - computer equipment`
`Total resources expended`
**`Net (expenditure)/income`**|**`Detailed Statement of Financial Activities`**
**`for the Year Ended 31 March 2023`**
`2023`
`2022`
`£`
`£`
**`37,475`**
`17,319`
**`21,816`**
`29,758`
**`964`**
`918`
**`164`**
`85`
**`508`**
`721`
**`674`**
`675`
**`2,399`**
`1,192`
**`1,744`**
`1,456`
**`4,008`**
`4,890`
**`298`**
`7,986`
**`400`**
`726`
**`631`**
`491`
**`13`**
`15`
**`13`**
`16`
**`656`**
`195`
**`71,763`**
`66,443`
**`79,701`**
`75,126`
**`(6,675)`**
`13,096`|**`Detailed Statement of Financial Activities`**
**`for the Year Ended 31 March 2023`**
`2023`
`2022`
`£`
`£`
**`37,475`**
`17,319`
**`21,816`**
`29,758`
**`964`**
`918`
**`164`**
`85`
**`508`**
`721`
**`674`**
`675`
**`2,399`**
`1,192`
**`1,744`**
`1,456`
**`4,008`**
`4,890`
**`298`**
`7,986`
**`400`**
`726`
**`631`**
`491`
**`13`**
`15`
**`13`**
`16`
**`656`**
`195`
**`71,763`**
`66,443`
**`79,701`**
`75,126`
**`(6,675)`**
`13,096`| |---|---|---| |||| |||`66,443`| |||`75,126`| |||`13,096`| ``` This page does not form part of the statutory financial statements ``` ``` Page 15 ```