## **Trustees’ Annual Report for the period**
## **From 01/01/2024 Period start date To 31/12/2024 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|The Trust makes available to community
organisations land for the purposes of
recreation and the provision of green
spaces to engender greater health and
well-being.|
|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||
|---|---|---|
|Policy on grant making|Para 1.38|The Trust has resolved to accumulate a
minimum reserve of £60,000 to mitigate its
primary risk; the up keep of the Guildhall
cottages. The trustees reserve the ability to
distribute funds against its objective (A)
should a specific need arise.|
|Policy on social investment
including program related
investment|Para 1.38||
Para 1.38 All Trustees are volunteers. Contribution made by volunteers Other
## **Achievements and Performance**
||SORP reference||
|---|---|---|
|Summary of the main
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.|Para 1.20|Providing land on long term leases (99
years) for the development of green space
namely the Jubilee Wood and the
Wildwoods.
The Trust also provides the Parish Council
with land for the Children’s Play Area in
Town House Road.
The allotments on Wattisfield Road are
also situated on trust land.|
## **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|No fundraising activities are undertaken by
the Trust.|
|Investment performance
against objectives|Para 1.41|Current reserves are held in high interest
accounts with immediate access facilities|
|Other|||
## **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. Whilst
accumulating its reserve 1.38.|
|---|---|---|
|Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|For maintaining the 3 Guildhall Cottages
and anticipating their required updating to
meet new legislation.|
|Amount of reserves held|Para 1.22|£56821.08|
|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 along
with agricultural, meadow and community
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 Guildhall cottages.
The cottages are grade two listed.
The new legislation “Renters' Rights
Bill and Leasehold and Freehold Reform
Act 2024” requirements, will prove to be
very challenging for the Trust to meet.|
|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|Para 1.25|All and any trustee vacancies are|
|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||advertised in the village magazine.
Trustees are selected on the basis of:
Local people with the knowledge of the
Village.
An understanding of the requirements of a
Trustee.
A good understanding of land management
requirements**.**
Suitable candidates then apply and
Five trustees have to agree to an applicant
becoming a trustees.|
|---|---|---|
## **Additional information (optional)**
You may choose to include further statements where relevant about:
|
Policies and procedures
adopted for the induction
and training of trustees|
Para 1.51||
|---|---|---|
|The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51||
|Relationship with any related
parties|Para 1.51||
|Other|||
## **Reference and Administrative details**
|Charityname|Old Town Trust Charitable Incorporated Organisation|
|---|---|
|Other name the charity uses||
|Registered charitynumber|1197102|
|Charity’s principal address|Harlequin
Wattisfield Road
Walsham le Willows
Bury St Edmunds
Suffolk
IP31 3BD|
|||
## **Names of the charity trustees who manage the charity**
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2
3
4
5
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10
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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||||
||Nick Mecrow||||
||Lee Bailey||||
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## – Corporate trustees names of the directors at the date the report was approved
## **Director name**
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 Guildhall Cottages held in this capacity 3 meadows 4 Green Spaces. Arable land. Name and objects of the Old Town Trust Charitable Incorporated Organisation. charity on whose behalf the Objects as 1.17. assets are held and how this falls within the custodian charity’s objects
Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own 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,** Trustee Trustee **Chair, etc) Date** 19/07/2025
## **WALSHAM LE WILLOWS OLD TOWN TRUST - CIO**
**STATEMENT OF ACCOUNTS**
**YEAR ENDED FROM 1ST JANUARY 2024 - 31ST DECEMBER 2024**
**YEAR ENDED FROM 1ST January 2024 - 31ST December 2024**
|INCOME
COTTAGE RENTS
ALLOTMENT & LAND RENTS
WAYLEAVE
BANK INTEREST
EXPENSES
INSURANCE
LAND MAINTENANCE
CLARKE & SIMPSON/LEGAL
BANK CHARGES
STATIONERY/POSTAGE
SURPLUS/(DEFICIT) FOR THE YEAR
BALANCE BROUGHT FORWARD
BALANCE CARRIED FORWARD||12/31/2024
£
14,924.24
5,035.30£522.40 contra for Hugh paying the Hedges to be cut - Allotment and Lane
194.42
209.54
£20,363.50
£993.00
£2,862.60CL Construction - Pound - £822.60 Treecreeper - Ash Tree - £2040.00
£2,350.00Greene and Greene - Ian asking for advice - £500.00, Clarke&Simpson - Annual cottages inspection/Land inspections reference selling/valuations - £1850.00
£44.55
£48.00Paper, Printer Cartridges.
£6,298.15
£14,065.35
£42,755.73
£56,821.08|
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THE ABOVE STATEMENT OF ACCOUNTS HAVE BEEN PREPARED IN ACCORDANCE WITH THE INFORMATION AND EXPLANATIONS PROVIDED BY THE CLERK. J ROWE