2023-09-30-accounts

Reference and Administrative Details	Reference and Administrative Details
Trustees' Report		2to 5
Statement ofTrustees'	Responsibilities
Independent Auditors'	Report	7to10
Statement of Financial	Activities	11to 12
Balance Sheet		13
Cash Flow Statement		14
Notes to the Financial	Statements	15to 28

Ex-Officio	Ex-Officio	Trustees		Reverend A	Langley
Nominative		Trustees		Mr J H O'Keeffe
				Ms D Shepherd
				Ms L Osgood
Publically		Advertised		Mr J Ellwood
				Mr R Goodail
				Mr A Jarrold
				Mr J Sutton-Scott-Tucker
				Mr G Lucas
Charity Registration			Number	203402
Principal	Office			38 Victoria Road
				Dartmouth
				Devon
				TQ6 9SA
Auditor				Thompson Jenner LLP
				1 Colleton Crescent
				Exeter
				Devon
				EX24DG
Solicitors				Foot Anstey	LLP
				2 Glass Wharf
				Bristol
				BS2 OFR
Bankers				National Westminster		Bank pic
				Paignton
				15Victoria St
				Paignton
				Devon
				TQ4 5DE

The table be	low simplifies the data	in	the accounts:
				2023	2022
				EOOO	f000
Gross property income received				501	487
Income from	other investments			275	265
Expenditure	on operational overheads		and governance	(180)	(131)
Transfers and expenditure funded		by	other reserves		99
Net income,	payable to beneficiaries			596	720

				Unrestricted	Endowment	Total
				funds	funds	2023
			Note	E	E	E
Income and Endowments		from:
Rental income			2.	500,788		500,788
Investment income			3	274,615		274,615
Other income				355		355
Total income				775,758		775,758
Expenditure on:
Operational overheads				(175,107)		(175,107)
Appropriation to beneficiaries				(595,896)		(595,896)
Governance costs				(4,755)		(4,755)
Total expenditure				(775,758)		(775,758)
Gains/losses on investment		assets		(15,451)	(724,189)	(739,640)
Net expenditure				(15,451)	724,189)	739,640)
Net movement in funds				(15,451)	(724,159)	(739,640)
Reconciliation of	funds			i
Total funds brought	forward			320,856	12,326,777	12,647,633
Total funds carried	forward		17	305,405	11,602,588	11,907,993

				Unrestricted	Endowment	Total
				funds	fundsf	2022
Income and Endowments		from:
Rental income				486,624		486,624
Investment income				264,925		264,925
Other income				830		830
Total income				752,379		752,379
Expenditure on:
Operational overheads				(126,203)		(126,203)
Appropriation to beneficiaries				(719,831)		(719,831)
Governance costs				(5,495)		(5,495)
Total expenditure				(851,529)		(851,529)
Gains/losses on investment		assets		(19,944)	100,950	81,006
Net (expenditure)/income				(119,094)	100,950	(18,144)
Net movement in funds				(119,094)	100,950	(18,144)
Reconciliation of	funds
Total funds brought	forward			439,950	12,225,827	12,665,777
Total funds carried	forward		17	320,856	12,326,777	12,647,633

						2023		2022
					Note			E
Fixed assets
Tangible assets					11			57,199
Investments					12	11,052,056	-	12,822,454
						11,052,056		12,879,653
Current assets
Debtors					13	208,832		196,861
Investments					14	1,087,957
Cash at bank		and	in hand			294,310		161,799
						1,591,099		358,660
Creditors: Amounts				falling due within one year	15	(735,162)		(590,680)
Net current	assets/(liabilities)					855,937		232,020
Net assets						11,907,993		12,647,633
Funds ofthe		charity:
Endowment		funds				11,602,588		12,326,777
Unrestricted		income		funds
Unrestricted	funds					305,405		320,856
Total funds					17	11,907,993		12,647,633

Cash Flow	St	atement for	the Year	Ended 30S	eptember 202	3
					2023	2022
				Note		F
Cash flows from operating		activities
Net cash expenditure					(739,640)	(18,144)
Adjustments to cash flows		from non-cash	items
Investment income					(274,615)	(264,925)
Revaluation of investments					739,640	(81,006)
					(274,615)	(364,075)
Working capital adjustments
Increase in debtors				13	(11,971)	(16,603)
Increase/(decrease) in creditors				15	144,482	(144,448)
Net cash flows from operating		activities			(142,104)	(525,126)
Cash flows from investing	activities
Interest receivable and similar		income		3	274,615	264,925
Purchase of investments				12	(1,150)
Sale ofinvestments					1,150
Net cash flows from investing		activities			274,615	264,925
Net increase/(decrease) in	cash and cash equivalents				132,511	(260,201)
Cash and cash equivalents	at 1 October				161,799	422,000
Cash and cash equivalents	at 30 September				294,310	161,799

									Unrestricted
									funds	Total	Total
									General	2023f	2022
Other income	from fixed asset				investments				274,615	274,615	264,925
4 Operational		overheads
										Total	Total
										2023	2022
Office costs										5,027	4,573
Professional	fees									47,893	48,129
Insurances										33,358	28,759
Irrecoverable	VAT										1,774
Void costs										4,767	2,788
Property repairs,		maintenance			and	H8S				52,529	29,888
Bank charges										313	392
Wages and Salaries										19,698	19,234
Pension cost										7,355	2,666
Bad debts written			off	and provision		movements				4,167	(12,000)
										175,107	126,203	'
5 Appropriation			to	beneficiaries
										Total	Total
										2023	2022
Dartmouth United			Charities							297,948	359,915
The Ecclesiastical			Share ofThe Dartmouth				Trust			198,632	239,944
The Public Purposes				Share of	The	Dartmouth		Trust		99,316	119,972
										595,896	719,831

Governance	costs
			Unrestricted	Endowment	Total	Total
			funds	funds	funds	funds
			2023	2023	2023	2022
Governance	Auditors'	remuneration	3,000		3,000	3,000
Governance	Auditors'	non audit costs	1,755		1,755	2,495
			4,755		4,755	5,495

			2023	2022
				F
Audit	fees		3,000	3,000
Other	non-audit	services	1,755	2,495

9 Staff costs The aggregate payroll costs were as follows:
	2023	2022
		P
Staff costs during the year were:
Wages and salaries	19,698	19,234
Pension costs	7,355	2,666
	27,053	21,900

leadership ows:	team) empl
2023	2022
No	No

11Tangible fixed assets
	Land and	Furniture and
	buildings	equipment	Total
	E
Cost
At 1 October 2022	57,199	11,578	68,777
Transfers (to)(from current asset investments	(57,199)		(57,199)
At 30September 2023		11,578	11,578
Depreciation
At 1 October 2022		11,578	11,578
At 30September 2023		11,578	11,578
Net book value
At 30September 2023
At 30September 2022	57,199		57,199

12 Fixed a	sset investments
		2023f	2022 F
Investment	properties	4,608,016	5,740,001
Other investments		6,444,040	7,082,453
		11,052,056	12,822,454

Investment properties	Investment properties
		Investment
		properties
		f.
Cost or Valuation
At 1 October 2022		5,740,001
Revaluation		(84,227)
Transfers (to)/from	current asset investments	1,047,758)
At 30September 2023		4,608,016
Net book value
At 30 September 2023		4,608,016
At 30September 2022		5,740,001

Other investm	ents
			Non
		Endowed	endowed
		investments	investments	Total
			F	F
Cost or Valuation
At 1 October	2022	6,528,427	554,026	7,082,453
Revaluation		(622,962)	(15,451)	(638,413)
Additions		1,150		1,150
Disposals			(1,150)	(1,150)
At 30September 2023		5,906,615	537,425	6,444,040
Net book value
At 30 September 2023		5,906,615	537,425	6,444,040
At 30September 2022		6,528,427	554,026	7,082,453
13Debtors
			2023	2022
				F
Trade debtors			120,521	107,884
Prepayments	and accrued income		87,931	88,437
Other debtors			380	540
			208,832	196,861

15Credi	tors: amounts	tors: amounts	falling due within one year	falling due within one year	falling due within one year
						2023	2022
							E
Trade creditors						17,483	19,773
Other taxation and		social security				18,135	26,688
Other creditors						598,840	446,068
Accruals	and deferred		income			100,704	98,151
						735,162	590,680
						2023	2022
						F	E
Deferred	income at 1 October 2022					93,709	87,321
Resources deferred		in	the period			96,294	93,709
Amounts	released	from	previous	periods		(93,709)	(87,321)
Deferred	income at 30		September	2023		96,294	93,709
Deferred	income relates to rental			income invoiced	in advance.

17Funds
								Other	Balance at30
					Balance at 1	Incoming	Resources	recognised	September
					October 2022	resources	expended	gains/(losses)	2023
					E	E	E	E	E
Unrestricted		funds
General
Reserve for admin expenses Unrealised profit on non-endowed				funds	30,000 140,856	775,758	(775,758)	~))5,450	30,000 125,405
					170,856	775,758	(775,758)	(15,451)	155,405
Designated
Property repair reserve					150,000				150000
Total unrestricted			funds		320,856	775,758	(775,758)	(15,451)	305,405
Endowment	funds
Permanent
Endowment		funds			12.326.777			~t724,189	11,602,588
Totalfunds					12847 633	775758	0775758)	~39640)	11907993

										Other	Balance at 30
					Balance at 1	Incoming		Resources		recognised	September
					October 2021	resources		expended 6	Transfers E	gains/(losses) 6	2022 6
Unrestricted		funds
General
Reserve for		admin	expenses		30,000	752,379,		(851,529)	99,150		30,000
Unrealised		profit on non-endowed		funds	160,800 190,800	752,379	,'(851,529)		99,150	(19,944) (19,944)	140,856 170,856
Designated
Property	repair reserve				249,150				(99,150)		150,000
Total unrestricted			funds		439,950	752,379		(851,529)		(19,944)	320,856
Endowment		funds
Permanent
Endowment		funds			12,225,827					100,950	12,326,777
Total funds					12,665,777	752,379		(851,529)		81,006	12,647,633

				Unrestricted	Endowment	2023
				General	Permanent	Total funds
						E
Investment		property			4,608,016	4,608,016
Fixed asset		investments		537,425	5,906,615	6,444,040
Current	assets			503,142	1,087,957	1,591,099
Current	liabilities			(735,162)		(735,162)
Total net assets				305,405	11,602,588	11,907,993
				Unrestricted	Endowment	2022
				General	Permanent f	Total funds E'
Tangible	fixed assets				57,199	57,199
Investment		property			5,740,001	5,740,001
Fixed asset		investments		554,026	6,528,427	7,082,453
Current	assets			357,510	1,150	358,660
Current	liabilities			(590,680)		(590,680)
Total net assets				320,856	12,326,777	12,647,633
19Analysis		of net funds
						At 30
				At 1 October		September
				2022	Cash flow	2023
					E	E
Cash at	bank and		in hand	161,799	132,511	294,310
Net debt				161,799	132,511	294,310
						Ai 30
				At 1 October	Financing	September
				2021	cash flows	2022
				E	F
Cash at	bank and		in hand	422,000	(260,201)	161,799
Net debt				422,000	(260,201)	161,799