## ## ## |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| # ## ##