## **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|
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## **Names of the charity trustees who manage the charity**
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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||||
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– 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|||
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Name of trustees holding title to property belonging to the charity
|**Trustee name**|**Dates acted if not for whole year**||
|---|---|---|
|N/A|||
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## **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