Wells-Cole Trust Fund Financial Year 2023 – Charity No. 1201436
Trustees Report
The Trustees decided that the management of the Fund would be somewhat easier if the income was generated uniformly throughout the year so, with advice from the Financial Adviser, the income from the investment portfolio would be provisionally set at £2,500 per calendar month and regularly reviewed.
The application for Charitable Incorporated Organisation status was finally approved after a somewhat protracted period, due in part to the impact of the Covid-19 pandemic, with a solicitor’s bill being double the original estimate, but this was reduced after negotiation.
The focus then returned to addressing recreation facilities within the village of Saham Toney starting with the Wells-Cole Community Centre which was beginning to show its 27 years of intensive usage. The wooden doors and windows were replaced with similarly coloured upvc low maintenance un its after several quotes were obtained.
Attention was then turned to public seating around the village which was beginning to become unattractive and unusable being made of wood which was deteriorating. The Trustees decided that these should be replaced with recycled plastic units where possible, again drastically reducing the maintenance aspect.
Appeals have been made to the village in respect of projects that will meet the requirements of the late Neville Wells-Cole will.
Currently two major projects are being evaluated with respect to the Playing Field Pavilion and the Children’s Play Park, the latter some 17 years old and in need of upgrading and/or replacement. There is also renewed interest in the somewhat neglected Bird Sanctuary now that funds could be made available to manage this green space for flora and fauna alike while helping to reduce the flood risk for this area of the village.
Further income is anticipated from the late Neville Wells-Cole’s estate which the Trustees were advised would be apparent in due course. This would be subject to the same conditions as indicated in the Will.
R. Harrold – Chair of Trustees
| Wells Cole Trust Fund Accounts Financial year 2023 | Wells Cole Trust Fund Accounts Financial year 2023 | Wells Cole Trust Fund Accounts Financial year 2023 | |
|---|---|---|---|
| Charity No 1201436 | |||
| Opening Balance | E28,166.23 | ||
| Date | Income | Expenditure | Comments |
| 09/01/2023 | 4,518.15 | Novia Financial | |
| 12/05/2023 | 8,293.69 | Novia Financial | |
| 06/06/2023 | 7,920.00 | WCCC Doors/windows | |
| 27/07/2023 | 14,113.33 | WCCC Doors/Windows |
|
| 01/08/2023 | E 10,000.00 | Novia Financial | |
| 04/08/2023 | 5,974.80 | Spire Solicitors | |
| 15/08/2023 | 2,500.00 | Novia Financial | |
| 15/09/2023 | 2,500.00 | Novia Financial | |
| 16/10/2023 | 2,500.00 | Novia Financial | |
| 19/10/2023 | 1,392.60 | Parish seatng | |
| 25/10/2023 | 1,531.34 | Spire refund | |
| 15/11/2023 | 2,500.00 | Novia Financial | |
| 15/12/2023 | 2,500.00 | Novia Financial | |
| Total | E 36,843.18 | E 29,400.73 | |
| Closing Balance | E 35,608.68 |
Wells Cole Trust Fund Accounts Financialyear 2023 Charity No 1201436 Opening Balance £28.166.23 Date Income Expenditure Comments 0910112023 £ 4.518.15 Novia Financial 1210512023 £ 8.293.69 Novia Financial 0610612023 £ 7.920.00 WCCC Doorslwindows 2710712023 £ 14.113.33 WCCC Dooislwlndows 0110812023 £ io.000.00 Novia Financlal 0410812023 £ 5.974.80 Splre Solicitors 1510812023 £ 2.500.00 Novia Financial 1510912023 £ 2.500.00 Novia Financial 1611012023 £ 2,500.00 Novla Flnancial 1911012023 £ 1.392.60 Parlsh seatin8 2511012023 £ 1.531.34 Spire refund 1511112023 £ 2.500.00 Novia Flnanclal 1511212023 £ 2.500.00 Novia Financial Total £ 36.843.18 £ 29.400.73 Closing Balance £ 35,608.68 RH Apvil 2024 rev C Independent Auditor I have examined the accounts and found them to be in order Name... Date.. 16-07-102È Address...... Signed.............