REGISTERED CHARrrY NUMBER: 1196640 [4 KnightsLowe Chartered Accountants & Business Advisers of the Trustees and Knights Lowe Chartered Accountants Eldo House Kemps(trn Way Suffolk Busine55 Park 8urySt Edmunds Suffolk IP32 7AR do H¢)u5e. Kempsonway, 5uffrlk&JySPè Bury St Edmund5, 5th1IIP32 7AR 01284 701300 Info.knlght5lQwE.co.Uk knwhtskne.£thuk
C¢)ntents of th Fln nd I Ststements Report of the Trustees I to 5 Independert Exmlns Report Statement ol Fln¥Khl A¢tl¥lls 8alwKe Yet Notes to th• Pthnd41 St•t•m•nts 9 to 14 Detalled Ststemenl of Nmndal Artl¥l 15 to 16
oftheTTu 1.0 INTRODuclloN AND HISTORY The Trustees of the Bury St Edmunds Sooety CIO (the Bury S(Kietyl present thelr report together wlth the financlal statements ofthe Society for the year ended 31 March 2024. The Trustees have adopted the pro510n5 of Accounting and Reportin8 by Chartues: Statement of Recommended Practice appllcable to charitles preparlng their accounts In accordance with the Financlal Reportin8 Standard appllcable n the UK and Republic of Ireland IFRS 1021 leffecti¥e l January 20151. On 18 November 2021, the Charlty Commission authorised thè formation of The Bury St Edmunds Society ao IreBlstered charfty 11966401 to recefve the assets of the 'old' Bury St Edmunds Society Ire8lstered tharlty 2632301. FollowlnB conflrmatory resolullons passed by the members of ihe Soclety, all assets, liabllltles and undertaklngs of the 'old' Soclety were transferred to The Bury St Edmund5 Soclety ao on 31 March 2022. The Bury Sl Edmunds Sodety CIO Commenced operatlon5 on l April 2022 and thi5 report deals with the period from l April 2023 to 31 March 2024. The Bury Society was originally established In 1971 as a Civic Society dedicated to carin8 about Bury St Edmunds, Its Past, present and fijture. It alm5 to Impro the enjoyment and appreciatlon of 8ury St Edmunds for all those who use the town through fosterln8 Its heritage and character, encoura8ln8 a balance of the new wlth the old and engagln8 communitles on IS*S that Impact on tyJr local enbironment. Bury In Bloom 15 that part of the Bury Soclety whose prlmary akn Is to maintsin Its relatlon5hlp wfth An8lla In Bloom and to co-ordlnate its presentatlon for the annual Anglia in Bloom awards. thr the years, It has also asslsted In the organisatlon of the hanging basket displays and many other schemes desi8ned to maSntaln and Improve the erwironment of the town. 2.0 OBJEcfivES AND POLICIES OF THE BURY ST EDMUNDS SOCIETY cio 2.1 Obletts ofthe Sodety These are set out In the Soclety's constilution as follows= The CIO Is established for the public benefit for the followin8 purpose5 In the area of Bury St Edmund5 whlch shall herelnafter be referred to as'the Area of Benefft,: l To promote hi8h standards of plannin8 and ar¢hiterture in or affetting the area of benefit 2 To educate the public in the 8eo8raphy. hisiory. natural hist. culture and arthitecture of the area of benefrt 3 To secure the preservatlon, protectlon. development and lrnprovement of features or areas of hlstorlc or publ1¢ Interest In the area of benefit, induding throu8h grant makin8 4 To promote horti¢ultUTe and floricukure for the benefit of the public generally and in particular those who live in or visit the area of benefit, by the provision of floral displays in place5 vlslble to the publlc and other artlvltle5 whlch dirertly promote horticultvre and floriculture for the public benefft 2.2 General Policies of thè Soc4Èty 2.2.1 Risk Management In compliance with the Principles of CC 26 - Charitie5 and Risk Management the Society has a policy of regularlv as5essln8 the rlsk5 that mi8ht affect its future operatlon. The trustees have delefmlned that in addltlon to the lin8erin8 risk of Covid disruption, the winopal risks at present are the potential h)ss of membershlp and sponsor5hlp Income through the challenging economic circumstancesthat affect not onty the sIety but UK in general. Pa8e I
Thè Bu 5t Edmunds Re of theTrustees Year En Thè trustee5 also believe that thry should. as far as is pral¢able, be able lo manage these risks in an appropriaie manner. 2.2.2 Resen5 The Society operates a reseThe policy to enable to: - maintalnlls normal level of actlvlUe5 when its income ha5 been reduced for whatever rea50n -finance expenditure on 5pecrfic projects within its area of benefit maintain. replant and improve the roundabouts from which it derives a substantial part of its income In the Bury So¢lety. funds have been earmarked for event fafjlu and In Bury in Bloom. funds have been earmarked for the renovatlon of roundabouts. any potential 2024 han8ln8 basket subsldy and addltlonal Installatlon costs etc. In addltion, both the Bury Soclety and Bury In Bloom retain funds aMfttln8 to one year's estimated fixed costs, All the Soclety's reserves a Immediately accesslb. 2.2.3 Publlc Benefft The Trustees confirm that they hab referred to the Charlty CThnmlsslon's General Guldance on Public Benefit when setlin8 objectives and desi8nin8 future plans, events and XtolIeS. 3.0 A1vInEs OF THE SOCIETY 3.1 The Burysoclety The Sodety's Tlsk asse55ment Indlcated that demographirs and e¢onomlc clrcumstsnce coukl have an effect on rnember5hlp subscrlptlon5 in 2023-24 and particular effort ha5 been made by the member5hlp Secretary to ensure that Members renewed thelf subscripllons. because of thls. Indmdual and Corporate membershlps have largely held up over the year: Member5hlp at 31 March 2023 $86 Membership at 31 March 2024 $88 The trustees would a8aln Ilke to thank Sue Savage - the Membershlp Se(setary - for all her efforts to malntaln ihe membershlp In dlfflcult clrcurnstan. The Membetshlp, Communicatlon and Events IMCEI committee continues to expk>re new ways to connect with the Bury Socievs members. promote enga8ernent wlth the hlstory and culture of our town. and to raise awareness of the actlvltle5 and campalgns of the Bury 5oclety. In addStlon to our popular members. Coffee Momlngs and the Winter Lunch. we organlsed coach trlps to St Ajbans and the DeHavilland Museum in September. We also hosted smalSer events, suth as the Winter Qulz. As part of our outreach activities, we hosted a summer event at the Gulldha51 In Au8USt 2023. whlch Induded a tour of the bulldlng and a drinks receptlon, and also took part in the'our Town. Our Stories. exhibttion in March. Other actlvltles of the MCE Induded the extensive promotSon of the 'Save Our Archfves, campalgn, usln8 events, petltlons. and soclal medla to demonstrate the Importan of thls valuable resource to rhe town. We also began a new regular serles of artlcles In the Bury Free Pre5S to hlgti1ht the work of the Sodety and attract new members. Finally, and equally Importantly, the MCE committee have been making vital improvements to the Bury Society websites, Implementlng online payment for member5hlps. and Impron8 the user experlence overall. Page 2
Edmunds oftheT r Ended 31 Matth Donations were made towards the restoration of a bench on the Edmund Roundabout, Kevelaer Way signa8e, the Southgate Community Centre security measures. the Moyse's Hall Museum for the purchase of the Lindsay coin hoard and for replacing hanging basket chains and caplllary matt{ The Society wa5 a150 pleased to a55bst Qafty Foxe5 In the5r Famlly Fun Day and Christmas free Projects. To round off the 2023-24 year. a Very well attended wlnte¢s lunth was held in the Southgate Community Centre. The committee would Ilke to thank Sam SaloWay00kt and the othw member5 of the MCE commlttee for all the hard work that was carrled out in ihe orBanlsatlon of these events. To ensure that communications were malntalned wth the Socoety membÈrs and the public, the normal three issues of the Society's AevSew were published in 2023-24. Copie5 were hand delfvered or posted by mail. Copies of thè Rewew are available on the Soclety's website www.burysaciety.com. The committee would Ilke to thank Russell Cook and Alan 8aKter for thelr help Sn producln8 the Rewew and io Sue Savage for organ1n8 its d15tributlon. Alan also contlnues hls work to enharKe the user experlence of the Socfiety's website and the committee would like to especlalty thank hlm for hls efforts In th15 respert. MembeTS of the Society re8vlady contrlbute articles to the Bury Free Press and other local and re8lonal nthvspapers and ha¥e appeared on Radio Suffolk to discuss and comment on the herltage and economi¢ development of the iown. In accordance wlth Its oblertlves. the Soclety works to preserve and enhance the bulldlngs and landscape In and surroundln8 the lown. The Society monltors plannin8 appllcatlon5 rnonthty and. if there is a consensus amon8St ommittee members. submlts reports to plannln8 authoTltie5. As a 8eneral rule, the Society's mMentS refer to the Ilkely Impacl of any new development. paying partiwlar attention to appllcations whlch a located In the conservallon area. The Soclety has always made swdal efforts to brin8 108ether the communlty and local pollcy makers throu8h partldpatlon In publlc meelin8s and presentatlons and It Is hoped to tontlnue this In the future. Thanks are due to the Sodety's archltertural team of Ed Thuell Itrusteel and Peter Rlddln8ton lathlserl. CertIfileS of Merit are awarded by the So¢fiety In respect of outstarMlin8 develownents In the town. Owln8 to t cuMulate efferts of lockdown on bulklln8 projects, no awards were made In 20234. 3.2 8ury In 8loom Thls 1$ led by its Chalrman. Robin Bvrnett, and Its co-ordinator. Chris Wlley. Whllst Its prtmary focus Is on preparlng the town's entry In the An8lla In Bloom and Ilf posslblel the Brltaln In Bl¢)om annual campalgns. It also has a key role In stlmulatlng and malntalnln8 publlc Interest In the town. The An8lla In Bloom ludglngcrlterla now places more emphasi5 on con5ervJtion arKI environmental sustainabllity and thi5 year the SOcs actlvbtles have been adapted to support these alms. A number of partly completed projects have been taken ferward In 202>24: these Indude the complètlon of the ralnwater harvestln8 inltiative to provlde water for irri8aiin8 hanglng baskets. planters etc. Some earlier proleas. Indudlng the 'wSllow crown, and 'crownln8 Or were completed along wlth the crown celebratlng Klng Charles Ill's coronatlon. The Green Flngers Scheme which en¢ourages ¢omrnunity partlcipation In small hortlcultural proleus was also contlnued during 2023. This is aimed ai younger and older member5 of the Commun and culmlnated wlth a well-attended presentatlon at the Athenaeum In Autumn 2023. The Certificate of Merlt Scheme in which NrlunteerjudBes review all the front gardens in Bury and award certrflcates of commendation where appropriate. continued to be very popular with feedback showlng contlnued 5UPPOrt for this stheme and Its place In'nudglng, an imprOent In the urban landscape of the town. Our thanks go to Flona Mll and Lynne Wrlght. the respectlve volunteer coordlnators of these two schemes, tO8ether with their very many helpers. The Society entered Anglia in Bloom in 2023 and won another Bold award in the Large Town and City Centre category. The Committee's congratulations go io everyone connected with those sur$e5. Page 3
l March 4.0 UNKS TO OTHER ORGANISATIONS In compliance wlth its objectives, the Society maintains relationships with many other local charitie5, schoo15, and comrnunity-based organlsatlons. These Include the Bury Water Meadows Group, the Suffolk Preservation Society, The Bury St Edmunds Town Guldes. Moyse's Hall Museum. the Friends of the Abbey Gardens, the Bury Past and Present Society, the Churchgate Area Association. and the Bury St Edmunds Heritage Trust IGuildhalll. This may invofve the makin8 of small 8rants or prowidin8 speakers for events held by them if requested. Aiong wfjth West Suffolk Councll. St Edmund5bury Cathedral and Bury St Edmund5 Town Councll, the Society is a member of the Abbey of St Edmunds Heritage Partnerthlp which has been set up to care for. conserve and enhance the Abbey Preclncts. its alm is to help people to understand the internatlonal slgnificance of St Edmvnd and of the hlstork Abbey founded In hi$ name. 5.0 SPONSORS AND VOLUNTEERS The Soclety would Ilke to thank Greene n8- malor sponsor- toget1 wlth all olher organlsations and 5ndlduals spon50rin8 rourHlabtsuts or ¢ontributin8 towards indNidual projects. It would also like to thank Councillors and Officers from Suffolk CouAty Council, West Suffolk C4und and Bury St Edmunds Town Coundl for Ihelr guldance and flnanclal svpport when needed. The Soclety has one part-llme employee so wlthout the dedlcated support of bts voluntèers, It would not be In exlstence. The Trustees would Ilke to expres5 thelr 8ratefvl thanks to everyone whose effort5, large and Small, have enabled the Soclety to operaie as effectlvety as posslble. 6.0 TRUSTEES Dr Ben Booth was appolnted Trustee and Treasurer on 8 June 2023. Al the 2023 Annual Meetln8 Mr Ed Thuell was appolnted as a Trustee and asslsted by Mr Peter Rlddiwon. as an ad¥lser. The Secretary. Tirn Page, and the Treasurer, Dou8 Beardon. stood down at the Scthty's Annual Meetlng on 8 June 2023. Both were long serving offKers of the 5odety and, In partlcular. have steered rt through Its relncarnatlon a5 ao. Oncè again, the ¢omrnittee would Ilke to offer thelr thanks for the work carried on by them 0r the years. 7.0 FINANCIAL REVIEW 7.1 Trustees, Responslbllltles The Tru5tee5 are responsible for keepin8 proper accountln8 records that diKk*se, wlth reasonab accura1 the financial p051tion of the Soaety. They are alx) responsible for safeguardlng the assets of the Soclety and frjr tan& the appfoprlate steps for the a¥oldance and detertlon of fraud and other Ifre8ularltles. The Trustees are also reswnsible for preparlng the Trurteès, Annual Report and Flnandal Statements In accordance with applicable baw and accepted United Klngdom OntIng Standards. 7.2 Hnandal Posltlon at 31 Marth 2024 The financial ststements, Indudlng the Independent Examiner's Report for the year to 31 March 2024 are attached to thls report. As already mentloned in note 2.2.1 above. the Trustee5 believe that any rlsks relating to the reliability of the incorne source5 are under rontrol and that combined with the reserves, provide a secure base for its fulure ¥tivities. 5TRucfuRE, GOVERNANCE AND MANAGEMEP GovernlnÉ d0ment The charity is wntrolled by Its governlng document. Pa8e4
St Edm nds REFEIIENCE APID ADMltiisrRATIVE DETAILS Reg15tered Charlty number 1196640 Prlnclpal address The Risbygate Centre 90 Risbygate Street Buryst Edmunds Suffolk IP33 3AA Trustees M Taylor T Page (regned 8.6.231 D Beardon Irel8ned 8.6.231 R 8urnett T O'Dono8hue PChun8 S Nunn Cook Ms J Hu8hes S G Moody S A Saloway<ooke Dr 6 Booth Treasurer lappointed 8.6.231 E Thuell lappointed 8.6.231 Independent Examlner Knl8hts Lowe Charted Accountants Eldo House Kefflpson Way Suffolk Buslness Park Buryst Edmunds Suffolk IP32 7AR Approved by order of the board of trustees on 13 lune 2024 and si8ned on Its behalf by.. M Taylor- Trustee Page 5
ml Independent examln•r's report to thetru5tee5 of The Bwy Sl Edmund5 Sodety CKI I report to the charity trustees on my examination of the accounts of The Bury St Edmunds Sodety cio Ithe Trust) for the year ended 31 March 2024. Responslbllltles and basls of report As the charily trustees af the Trust you are fesponsible for the preparation of the accounts in accordance with the requirernents of the Charities Aci 20111'the Act'l. I report In respect of rny examlnatlon of the Trust's accounts carrled out under Sectlon 145 of the Act and In carryin8 out my examlnatlon I have followed all applicable Dirertions Blven by the Charity Commisslon under Sertion 14515llbl oftheArt. Independent exa•Iner'S gt•temenl I have completed my examination. I confirm that no material matters have come to my attention in conn&tion wlth the examlnatlon 8fvln8 me Cause to believe that in any material respect.. a¢countin8 records were not kept in respect of the Tnbst as requlred by Sectlon 130 of the Art,. or the accounts do not accord with ihose records,. or the accounts do not Comply wfjth the applicable requlrements concernlng the form and content of accounts Set out In the Charltles (Accounts and Reports) Re8ulation$ 2008 other than requirernent that the accounts Ive a true and fair view which is not J matter nside as part of an independeni examlnation. I have no Concerns and have Come across no other matters In ¢onne¢lion wllh the examlnation lo whlth attentlon should be drawn In thls report In order to enable a proper undefStandin8 of the accounts to be reached. Jame5 KnlBhts FCA The Instltute of Chartered Accountants in En8land and Wales Knl8hts Lowe thartered Accountants Eldo House Kempson Wav Suffolk Buslness Park Jry St Edmunds Suffolk IP32 7AR Date". Page 6
Flna l Artl¥ltle March 20 lorthey 2024 Total nds 2023 Total fund5 Unre5trIcd fund Restricted funds Note5 INCOME AND ENIX)WMEPItS FROM Memberships & donatlons 9,128 &748 17076 26,730 Charltable admtles General actmlles Bury in Woom artlvblles 7.925 7.925 51J120 8.150 54.655 51.020 Other iradln8 attiwities Investment Income other Income 510 1587 sio 769 565 156,187 Tol•l 17235 ,100 246.287 EXPENDtWRE ON Uwrll•ble •¢tfvttles General activitie5 Bury in Bloom artlvities 21JJ17 3,778 66,789 24,795 66,789 32,028 82,628 Totsl 21A117 70,567 91.584 114.656 NEf INCOMVIEXPENDMJREI 13,782) (7.701) 131.631 RECONCIUATION OF FUNDS Total funds brought forward 131,631 TOTAL FUNDS CARRIED FORWARD 104aii 120,147 13L631 The notes fomi part of these finandal statements Page 7
Balarte She 2024 Total funds 2023 Total funds Unrestricted fund Restricted funds Notes CURRENT ASSErs Debtors Cash at bank 2A55 121,622 4,278 136,5(Kl 99) 131.541 16JOI 124A77 140,778 132,531 aiEDtroRS Amounts fallln8 due withln one year 120ffi311 19WI NEf CURRENT ASSEf5 15W6 120,147 131,631 TOTAL ASSEfs LESS CURRENT LIABIUTIES 1SJ36 104311 120,147 131.631 NEfASSErs 36 104311 120,147 131,631 FUNDS Unrestflcted fvnds Restrlcted funds 15036 104,311 19,618 112,013 TOTALFUNOS 120,147 131,631 The financlal statements were approved by the Board of Trustees and authorlsed for Issue on 13 June 2024 and were 518ned on bts behalf bv: M Taylor- Trustee k./1 8 Booth- Trust The note5 form part of these financial statements Page 8
The Bu St Edmunds Not to the Flnand r the Year Ended 31 Marth 2024 ACCOUNTING POUCIES Ba$ of preparfng the finandal statements The flnancial statements of the charlty. which 15 a publlc berbefft entlty under FRS 102. have been prepared In accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended Practice opplicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffectNe l January 20191.. Financial Reporting Standard 102 The Finanual Reporting Standard applicable in the UK and RepublK of Ireland, and the Charbtbes Act 2011. The finandal statements ha¥ been prepared under the hlstt>rll o>5t conventlon. Incomè All income is reco8nised in the Statement of Finanaal ActNlties once the charity has entitlement to the funds, It is probable that the income will be received and the amount can be measured rellabty. Expendhur• Liabilities are reco8nised as expendlture as won as there b a legal or ¢onstrurtfve obllgatlon commfftln8 the charlty to that expenditure. 11 is probable that a transfer of economlc beneflts will bè requ1 In settlèment and the amount of the obll8ation can be measured rdlably. Expenditure is a¢¢ounted for on an accruals basls and has been classlfied under headln85 that a88re8ate all cost related to the c•te80ry. Where ¢osts cannot be dlrertly attrlbuted to partl¢ular headlw they ha¥e been allo¢ated to artlvitles on a basls conslstent wlth the use of resources. T•x•tlon The charlty Is exempt from tax M Its thafltable acti4ltles. Fund accouTrtlng Vnfestrlrted lunds can be used In accordance wfth the tharltable oblectfves at ihe dlscretlon of the trustees. Restricted fvnd5 can onty be used for particular restiided purposes wlthln the objerts of the charlty. Re5tr1ctions arlse when 5pe¢ified by the donor or when funds are raised for partlcular restricted purp05e5. Further explanatlon of the nature and purpose of eath fund Is Induded In the notes to the flnanclal statements. GOI conr•rn After makln8 appropriate enquirie5 and takin8 into consideration future income Streams, the Trustee5 have a reasonable expectation that the tharity has adequate leUrCeS io continue In operaiional existence for the foreseeable future. For thls reason, they have adopted a 8olnB COnM ba51c In preparln8 the flnandal Statemen Flnancw Instruments The tharlty only ha5 finawKlal assets and finan¢ial liJbilitie5 of o kind that quallfy a5 baslc financlal Instruments. Baslc finandal Instruments are Inltialty recognised ai transactlon value and subsequently measured at thelr Settlement value, the exception of bank loans whKh are subsequently measured at amortlsed cost uslng the effectlve Interest method. Pa8e 9 contlnued...
The6u Edmund5 OThER TRADING AcrivrriES 2024 2023 Other Income 510 INVEsfMENT It4COME 2024 2023 Bank Interest 1769 565 TRUSTEES. REMUNERATION AIID BENEFThS There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Tru5tq•s' exp•nsag There were no trustees, expenses pald for the year ended 31 March 2024 nor for the year ended 31 Marth 2023. STAFF COSTS Total staff costs Incurred In the year of £13.20312023 - £17,893). Avera8e number of employees durln8 the year wa5 112023- 21. COMPARATIVES FOR THE sfATEMENTOF ANANCNL AcnvmES Unrestricted fund Restrirted funds Total fund5 INCOME A14D ENDOWMENfs FROM Memberships & donations 12.176 14.SS4 26,730 charItab artmt General actlvliles 8ury In 8100rn actItIeS 8.150 8,150 54,655 54.655 Investment InMme other Income 37 31.283 528 124,904 565 156,187 Totsl 5L646 194.641 246,287 (PENDrruRE ON Charltable artl¥ltl•s General activities Bury In Bloom actlvities 32,028 32.028 82,628 82,628 Totsl 32.028 82.628 114.656 NET114COME 19.618 112.013 131.631 Page 10 contlnued...
St Edmunds Soci COMPARATIVES FOR THE STATEMENTOF FINANClACvES- tontlnued Unresiricted fvnd Restricted funds Total funds TOTAL FUNDS CARAIED FORWARD 19,618 112,013 131,631 Other Income of £156.187 durlng 2022123 was made up of the transfer of funds from ihe prevlous entity of The 8ury Si Edmunds Society into the new CIO on l April 2022. Wlthout that income, the real position showed a nel loss of f 24,556- a1055 of £11,665 unfestricted and £12.891 Testrirted. DEBTORS.. Amoupifs FALUNG DUE wmiim OllE YEAR 2024 2023 Trade debtors Glft Ald debtor Prepayments 710 990 CREDITORS: AMOUNT5 FAIUNG DUE WITHIN ONE YEAR 2024 2023 Trade credbtors Other creditors 19,701 930 900 20,631 MOVEMENf114 FUNOS Net movement In funds At 31.3.24 At 1.4.23 Unrestrlrted fvnds General fund 13,7821 15m6 R•strlrt•d lund5 Dr Rae Bequest fund Bury in Bloom fund 58,103 53.910 11,9371 15.7651 56,156 48.145 IW• 17.7021 104.311 TOTAL FUNDS 13L631 IiiA84} 120,147 Page 11 continued...
MOVEMENf IN FUIIDS- Conllnued Net movement in funds. Iude in the above are as follows: Incoming resour$ Resour$ expended Movement In funds Vnrestrl¢oed fun General fund 17235 12111171 13,7821 Rtstrfcted fun¢ts Dr Rae Bequest fvnd Bury In Bloom fund 13,TJ81 (66.7891 11.9371 15.7651 61A124 PO67) 17,7021 TOTAL FUNDS 80,1 IiiA841 Comp•r•tl¥es for mtylement kn funds Net movement In funds At 31.3.23 Unrestrkted fvnds General lund 19,618 19,618 Restrkted lunds Dr Rae Bequest fund Bury In Bloom fund 58,103 53.910 58.103 53,910 112,013 112.013 TOTAL FUNDS 131,631 131,631 Comparative nel movement In fvnd5. Included in the above a as follow5.. In¢omlng resources Re50ur¢es expended Movement in funds Unre5trkled fund5 General fund Si.646 132.0281 19,618 R•strlrted funds Dr Rae Bequest fund Bury in Bloom fvnd 58.103 136,S38 58.103 53.910 182,6281 194,641 182.6281 111013 TOTAL FUNDS 246.287 1114.6561 131.631 Page 12 continued...
mOVEMEr IN FUIIDS- conllnued A current year 12 monih5 and prior year 12 months comb1r positlon Is as follows: Net movement in funds At 31.3.24 At 1.4.22 Unr•strkt•d funds General fvnd 15.836 15.836 Resirld*d fund5 Dr Rae Bequest fund Bury In Bloom furyl 56,166 48,145 56.166 48,145 104,311 104,311 TOTAL FUND5 120,147 120,147 A current year 12 months and prlor year 12 montts comblned net movement In funds, Included In the above are as follows: Incomlng resources e50urce5 expended Movement In funds Unrestrlrted funds General fund 68,881 153,0451 15,836 Restrlrted fvnds Dr Rae 8equest fund Bury In Bloom fund 59,Y4 197,562 13,7781 1149,4171 56,166 48,145 257.506 1153,1951 104,311 TufAL FUIIDS 326,387 1206,2401 120,147 D•scrfptlon ol R•slrlct•d Funds The Dr Rae Bequest fund represents the bequesl of the late Dr Allson Rae, to be used for local Prolects whether of creatlon ry preservatlon In or near the town centre of Bury St Edmund& The Bury In Woom fund represents sponsorship and other ripts for the Bury in Bloom campaign. These funds are used for the maintenance and Improvement of roundabouts. flowerbeds and planters wlthln the control of West Suffolk Councll and Bury St Edmunds Town Council together wlth a range of communlty proje¢t5. They also provide workinB capital for activities suth as the provlslon of hanglng baskets where expenditure may need to be incurred prior to the receipt of MatchIr income. Page 13 continued...
ThtBu St Edmunds io. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2024. Page 14
The8u St Edm cio 2024 2023 IIICOME AND ENtIOWMENTS Membershlps & donatlons Membershlp subscrlptions Donations 7,449 10.427 8,525 18,205 17076 26.730 Other tradlni actlvltles Other Income sio lrtve5tment Incth Bank Interest 2.769 565 Charltsble a¢tl¥hles Events & projects Income Roundabouts & flowerbeds Baskets & planters 7,925 26,100 24920 8,150 31,495 23,160 62,805 other lftcome Transfer from preOuS entlty 156,187 Totsl Incomlnl r•Jourc ,100 246.287 EXPENDITURE Charltable athStle5 Advertising & communScatlons Plantlng & rnaintenance Prlntln81 Postage & statlonery Coordlnalor Other costs Newsletter & PutlCatIOnS Subscrlptlons Events costs Communlty proletts An8113 In Bloom costs 4,730 34A171 325 W50 5.334 32,867 1.013 21.290 5,511 1.680 1,078 6,51 34,304 2.396 3A112 744 17,903 758 85.335 111.973 Support cost5 Independent examlner's fees Carrled forward 930 930 900 This page does not fomi part ofthe ststutory financlal ststements Page 15
2024 2023 Biought forward Insurance Meeting expern5es Rent Dr Rae fvnd contributions 930 626 900 629 654 915 3,T18 6,249 2,683 Total resour expended 91,584 114,656 Net lexpendltsre)lhKQ 131,631 This page does not fomi part of the Statutory ffinanoal Statements Page 16