Trustees’ Annual Report for the period
From 01/10/2022 Period start date To 31/12/2022 Period end date
Charity name: Old Town Trust Charitable Incorporated Organisation
Charity registration number: 1197102
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | THE OBJECTS OF THE CIO ARE: (A) THE RELIEF OF THE INHABITANTS OF WALSHAM-LE-WILLOWS IN NEED BECAUSE OF YOUTH, AGE, ILL-HEALTH, DISABILITY, FINANCIAL HARDSHIP OR OTHER SOCIAL OR ECONOMIC DISADVANTAGE; AND (B) TO SUPPORT SUCH OTHER CHARITABLE PURPOSES FOR THE BENEFIT OF THE INHABITANTS OF WALSHAM-LE-WILLOWS AND ITS SURROUNDING AREA AS THE TRUSTEES MAY IN THEIR ABSOLUTE DISCRETION DETERMINE. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
No activities on the above due to becoming a CIO From Charity so accounts are from 1stOctober 2022 to 31stDecember 2022 |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | None given in this period |
Additional information (optional)
You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment
Para 1.38 Contribution made by volunteers Other
Achievements and Performance
SORP reference No activities as becoming a CIO From Charity from 1[st] October 2022 to 31[st] December 2022 Summary of the main Para 1.20 achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.
Additional information (optional) You may choose to include further statements where relevant about:
Achievements against objectives set |
Para 1.41 |
|
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The charity maintains a reserve of money for expenses throughout the year. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | For maintaining the 3 Cottages and land |
| Amount of reserves held | Para 1.22 | £33111.05 |
| Reasons for holding zero reserves |
Para 1.22 | N/A |
| Details of fund materially in deficit |
Para 1.24 | N/A |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | N/A |
Additional information (optional) You may choose to include further statements where relevant about:
The charity’s principal sources of funds (including any fundraising) |
Para 1.47 |
Rent payments from three cottages and land tenants |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | None at present |
| A description of the principal risks facing the charity |
Para 1.46 | Maintenance of three cottages – grade two listed. |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
To support such other charitable purposes for the benefits of the inhabitants of Walsham Le Willows |
|
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Trust Deed |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | CIO |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Local people with the knowledge of the Village, understands the land requirements. Names are put forward and asked to come to a meeting with the trustee. Five trustee have to agree to who them comes onto the trust. |
Additional information (optional)
You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other
Reference and Administrative details
| Charityname | Old Town Trust Charitable Incorporated Organisation |
|---|---|
| Other name the charity uses | |
| Registered charitynumber | 1197102 |
| Charity’s principal address | 4 Postmill Gardens Walsham Le Willows Bury St Edmunds IP31 3DZ |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Hugh Reeve | Chair | |||
| Ian Campbell | ||||
| Moira Reeve | ||||
| Karen Rolfe | ||||
| Richard Martineau | ||||
– Corporate trustees names of the directors at the date the report was approved
Director name |
||
|---|---|---|
| Hugh Reeve | Chair | |
| Ian Campbell | ||
| Moira Reeve | ||
| Karen Rolfe | ||
| Richard Martineau | ||
Name of trustees holding title to property belonging to the charity
| Trustee name | Dates acted if not for whole year | |
|---|---|---|
| N/A | ||
Funds held as custodian trustees on behalf of others
Description of the assets 3 Cottages, 3 meadows and arable land. held in this capacity Name and objects of the Old Town Trust Charitable Incorporated Organisation charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for Meeting with Trustee, ask Charity Commission permission, safe custody and advertise and put out to tender. segregation of such assets Meeting to open the tenders, discuss with all trustee and from the charity’s own all have to agree to dispose of assets. assets
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Ian Wilson Campbell MBE Full name(s) Karen Rolfe Position (eg Secretary, Secretary Trustee Chair, etc) Date 07/01/2024
YEAR ENDED FROM 1ST OCTOBER 2022 - 31ST DECEMBER 2022
| INCOME COTTAGE RENTS ALLOTMENT & LAND RENTS WAYLEAVE BANK INTEREST/COIF EXPENSES INSURANCE CLOCK MAINTENANCE LAND MAINTENANCE COTTAGE MAINTENANCE CLARKE & SIMPSON/LEGAL BANK CHARGES BANK TO CASH CLERK'S REIMBUSED STATIONERY/POSTAGE SUNDRIES SURPLUS/(DEFICIT) FOR THE YEAR BALANCE BROUGHT FORWARD BALANCE CARRIED FORWARD |
01/10/2022 TO 31/12/2022 | 01/10/2022 TO 31/12/2022 |
|---|---|---|
| £ £4,290.71 £4,461.41 £193.27 £0.69 £8,946.08 £871.00 £595.00 £1,695.00 £3,785.00 £27.80 £15.00 £20.00 £7,008.80 £1,937.28 £31,173.77 £33,111.05 |
THE ABOVE STATEMENT OF ACCOUNTS HAVE BEEN PREPARED IN ACCORDANCE WITH THE INFORMATION AND EXPLANATIONS PROVIDED BY THE CLERK.
J ROWE