|Contents||||Page| |---|---|---|---|---| |Reference and administrative|||information|| |Report ofthe|trustee|||2-4| |Independent|auditors|report||5-7| |Statement of|financial|activities||| |Balance sheet||||| |Statement
of|cash flows|||10| |Notes forming|part of|the financial statements||11-17| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Statement|offinancial activities|offinancial activities|||| |---|---|---|---|---|---|---|---|---| |||Notes|Unrestricted||Restricted|Endowment|Total|Total| ||||funds||funds|funds|2023|2022| |||||||||E| |Income and endowments|from:|||||||| |Residents'
contributions||||||117,366|117,366|55,042| |Investment
income||||145||10,307|10,452|11,685| |Donations
and grants||||700||760,819|761,519|1,600| |Sale of land||||||224,680|224,680|830,850| |Totalincoming
resources||||845||1,113,172|1,114,017|899,177| |Expenditure||||||||| |Cost of raising
funds||||||||| |Investment
management|costs|||34|0|2,412|2,446|3,384| |Charitable
activities:||||||||| |Poland House expenses||||||97,005|97,005|85,543| |ERF expenditure||||||32,982|32,982|15,450| |Amenity
land expenses||||0||7,752|7,752|3,819| |Poland
Fund grants|||2,564|||0|2,564|4,510| |Cost offend sales||||0||44,680|44,680|90,587| |Poland Meadow expenses||||0||51,742|51,742|16,463| |Total expenditure|||2,598||0|236,573|239,171|219,756| |Net income (expenditure)|before|||||||| |investment
gains (losses)|||(1,753)|||876,599|874,845|679,421| |Net gains (losses) on investments||||(26)||(1,850)|(1,877l|(38,927)| |Netincome(expenditure)|||(1,780)|||874,748|872,969|640,494| |Transfers
between
funds|||40,467|||(40,467)||| |Net movement
in funds|||38,687||0|834,281|872,969|640,494| |Reconciliation
offunds||||||||| |Total funds brought
forward|||41,313||106,775|2,923,698|3,071,786|2,431,292| |Total funds carried forward|||80,000||106,775|3,757,979|3,944,755|3,071,786| ## |||||Notes|Unrestricted|Restricted|Endowment|Endowment|Total|Total| |---|---|---|---|---|---|---|---|---|---|---| ||||||funds|funds|funds||2023|2022| ||||||6|6|E||E|6| |Fixed assets||||||||||| |Tangible assets||||10|5,625|106,775|4,127,862||4,240,262|3,378,416| |investments|||||5,438|||238,633|244,071|248,277| |Total fixed assets|||||11,063|106,775|4,366,495||4,484,333|3,626,693| |Current assets||||||||||| |Cash at bank|||||24,726|||0|24,726|52,194| |Deposits held|||||0|||59,326|59,326|59,326| |Prepayments|||||0|||0|0|1,494| |Amount due to|Reserve Fund||||104,985|||0|104,985|263,209| |Total current assets|||||129,711|||59,326|189,037|376,223| |Creditors: amounts||fagmg due within||||||||| |one year||||12|60,774|||17,727|78,501|66,982| |Amount due by|Endowment||Fund|||||104,985|104,985|263,209| |Net current assets||(liabilities)|||68,937|0|(63,385)||5,552|46,032| |Creditors: amount||falling due|after|||||||| |one year||||13|0|0||484,191|484,191|0| |Deferred liabilities||||||||||| |Poland Meadow|grants|||18||||0|0|540,000| |Poland Meadow|retenti one|||||||60,939|60,939|60,939| |Total net assets|||||BO,OOD|106,776|3,757,980||3,944,755|3,071,786| |Funds||||||||||| |Endowment
Fund|||||0|0|3,757,980||3,757,980|2,923,698| |Restricted funds:||||||||||| |Peddeg Fund|||||0|106,775||0|106,775|106,775| |Unrestncted
funds:||||||||||| |Contingency
Fund|||||30,DOO|||0|30,000|30,000| |Extraordmary|Repair Fund||||50,000|||0|50,000|50,000| |Housing
Fund|||||||||0|0| |Reserve Fund|||||||||0|(38,687l| ||||||80,000|106,775|3,757,980||3,944,755|3,071,786| ||||Total|Total| |---|---|---|---|---| |||Notes|2023|2022| |Net cash used in operating
activities||22|377,974|(114,289)| |Cash flows from investing
activities;||||| |interest and dividends|||10,452|11,685| |Purchase offixed assets|||(822,903)|(1,795,178)| |Proceeds ofsale oftangible
fixed assets|||224,680|910,850| |Purchase ofinvestments|||(8,076)|(47,725)| |Proceeds for sale ofinvestments|||10,405|300,637| |Net cash provided
by investing|activities||(585.442)|(619,731)| |Cash flows from financing activities:||||| |Grant from MoleyageyDistnct|Council||180,000|180,000| |Net cash provided
by financing|activities||180,00D|180,000| |Change
in cash at bank in the year|||i27,468)|(554,020)| |Cash at bank broughtforward|||52,194|606,214| |Cash at bank cardied forward|||24,726|52,194| ## ## ## |2.Accounting|policies|||| |---|---|---|---|---| |(a)|income|||| ||Recognition|ofincome|These are included
in the Statement
of Financial Activities when|| ||||the charity becomes entitled to the resources;
it is more hkely|| ||||than not the trustee
will receive the resources; and the|| ||||monetary
value can be measured
with reliability.|| ||Grants and|donations|Only included
in the SoFA when the general income recognition|| ||||criteria are met. The grants from Mole Valley District Council|| ||||towards the Poland Meadow project were treated as deferred|| ||||income and are recognised
now as there is evidence of practical|| ||||completion
ofthe buildings
in the development.|| ||Investment|income|Included
in the accounts when received
by the Investment|advisers.| ||Investment|gains and losses|All gains and fosses are taken to the Statement
of Fmancial|| ||||Activities as they arise. Realised gains and losses on|| ||||investments
are calculated
as the difference
between sales|| ||||proceeds and their opening
carrying value ortheir purchase|| ||||value if acquired subsequent
to the first day ofthe financial|year.| ||||Unreaiised
gains and losses are calculated
as the difference|| ||||between
the fair value at the year end and their carrying value.|| ||||Realised and unrealised
investment
gains and fosses are|| ||||combined
in the Statement
of Financial Activities.|| ||Allocation||Investment
income and investment
gains and losses are split|| ||||between
the endowment
and reserve funds on the basis of|the| ||||value ofthe respective
funds at the beginning
ofthe financial|| ||||year, excluding the Peddeg
Fund which was specific to the|| ||||building
ofthe Peddell Wing at Poland House.|| ## |Expenditure||and liabilities|and liabilities||| |---|---|---|---|---|---| |Liability recognition||||Liabilities are recognised
where
it is more likely than not there|is| |||||a legal or constructive
obligation
committing
the charity to pay|| |||||out resources and the amount ofthe obhgation
can be|| |||||measured
with reasonable
certainty.|| |Allocation|of|||Governance
costs comprise
all costs involving
the public|| |governance||costs||accountability
ofthe charity and its compliance
with regulation|| |||||and good practice. Governance
costs have been allocated
fully|| |||||to the main charitable
activity.|| |Cost of raising|||funds|The cost ofgenerating
funds consist ofinvestment
management|| |||||costs.|| |Charitable|activities|||Costs ofcharitable
activities include governance
costs and|| |||||direct support costs.|| |Grants payable without||||1hese are only recognised
in the accounts when
a commitment|| |performance|||conditions|has been made and there are no conditions to be met relating|to| |||||the grant which remain
in the control ofthe charity. Grants are|| |||||issued
in line with the trust's
governing
document
at the discretion|| |||||ofthe trustees for individuals
and institutions
in hardship
and|need.| |Assets|||||| |Tangible fixed|||assets|These are capitalised
ifthey can be used for more than one|| |for use by the|||charity|year, and cost at least ESOO. They are valued at cost less|| |||||depreciation.|| |||||The charity's
policy isto maintain
property to a high standard|| |||||and the Extraordinary
Repair Fund is intended
to provide|| |||||sufficient funds to maintain
and refurbish
the buildings
at|| |||||appropriate
times. In accordance
with this practice|| |||||depreciation
is not provided
on freehold
buildings
where,
in|| |||||the opinion ofthe trustee, the residual values are such that|| |||||any depreciation
charge would be immaterial
to the year and|| |||||on a cumulative
basis. The asset has been tested for|| |||||impairment.|| |||||Furniture
and equipment
is written
off at 2SN ofthe|| |||||reducing
balance each year over the estimated
useful life.|| |Investments||||Investments
are a form of basic financial
instrument
and are|| |||||initially recognised at their transaction
value and subsequently|| |||||measured
at their fair value as at the balance sheet date using|| |||||the closing quoted
market price. 1he Statement of Financial|| |||||Activities includes the net gains and losses arising on|| |||||revaluation
and disposals throughout
the year.|| |||||The charity does not acquire put options, derivatives
or other|| |||||complex financial instruments.|| |||||1he main form offmancial
risk faced by the charity is that of|| |||||volatility
in equity markets
and investment
markets due to wider|| |||||economic conditions,
the attitude of investors to investment|risk,| |||||and changes
in sentiment
concerning
equities
and within|| |||||particular
sectors or sub-sectors.|| |Debtors and||prepayments||Debtors represents
amounts
owed to the charity and are recognised|| |||||at the measure
on the basis their recoverable
amount,
Prepayments|| |||||are valued at the amount
prepaid at the year end.|| ## ## ## ||||||| |---|---|---|---|---|---| |8.Grantmaking||||2023|2022| |Grants made
in accordance|with the objectives|ofthe charity||2,564|4,510| |9.Comparatives
for the Statement ofFinancial Activities||||Endowment
&|| ||||Unrestricted|Restricted|Tote I| ||||funds|funds|funds| |Income and endowments|from:||||| |Donations|||1,600||1,600| |Other income|||||| |Charitable
activities:|||||| |Residents'
contributions||||55,042|55,042| |Investment
income|||529|11,156|11,685| |Sale ofland||||830,850|830,850| |Total incoming
resources|||2,129|897,048|899,177| |Expenditure|||||| |Cost ofraising funds|||||| |Investment
management|costs||(146)|(3,238)|(3,384)| |Charitable
activities:|||||| |Poland House expenses|||0|(85,543)|(85,543)| |ERFexpenditure|||0|(15,450)|(15,450)| |Poland Fund grants|||(4,510)|0|(4,510)| |Cost of land sales|||0|(90,587)|(90,587)| |Poland Meadow expenses||||(16,463)|(16,463)| |Total expenditure|||(4,656)|(215,100)|(219,756)| |Net income (expenditure)|before||||| |investment
gains (losses)|||(2,527)|681,948|679,421| |Net gains (losses) on investments|||(1,668)|(37,259)|(38,927)| |Net income (expenditure)|||(4,195)|644,689|640,494| |Transfers between
funds|||(54,496)|54,496|| |Net movement
in funds|||(58,691)|699,185|640,494| |Reconciliation offunds|||||| |Total funds brought
forward|||100,004|2,331,288|2,431,292| |Total funds carried forward|||41,313|3,030,473|3,071,786| |||14|||| ## ## |10.Tangible fixed|asse|ts||||| |---|---|---|---|---|---|---| |||||Land &|Furniture
&|Total| |||||buildings|equipment|| |Cost||||||| |At 1st July 2022||||3,377,527|13,696|3,391,223| |Additions||||901,790|6,611|908,401| |Sales||||(44,680)|0|(44,680)| |At 30th June|2023|||4,234,637|20,307|4,254,944| |Depreciation||||||| |At 1stJuly 2022||||0|12,807|12,807| |Charge for the year||||0|1,875|1,875| |At 3Dth June|2023|||0|14,682|14,682| |Net book value||||||| |At 30th June|2023|||4,234,637|5,625|4,240,262| |At 30th June|2022|||3,377,527|889|3,378,416| |11.Investments|||||2023|2022| ||||||E|E| |Market value|at|1stJuly 2022|||248,277|540,116| |Acquisitions|at cost||||8,076|47,725| |Transfers|||||(160)|(133,756)| |Retamed income|||||(2,329)|(3,655)| |Safes proceeds from disposals|||||(7,915)|(163,226)| |Gain (loss) in|the|year|||(1,877)|(38,927)| |Market value|at|30th June|2023||244,071|248,277| |investments|at market value comprised:|||||| |UK equities|||||185,888|193,123| |Overseas equities|||||52,136|46,618| |Cash deposits|||||609|3,238| |COIF Charities Deposit Fund|||||5,438|5,298| ||||||244,071|248,277| |12.Creditors: amounts||falling due within one year|||2023|2022| ||||||E|E| |Accruals|||||7,131|6,208| |Held in custody for Sidney|||Michael Poland Charity no. 200254||60774|60774| |CAF Bank loan repayments|||due within one year||10,596|| ||||||78,501|66,982| ## ## |Analysis of|Balance|Income|Expenditure|Transfers|Gains|and|Funds| |---|---|---|---|---|---|---|---| |fund|b/fwd||||losses||c/fwd| |movements|6||6|E|6||E| |Permanent|||||||| |endowment|2,923,698|1,113,172|(236,573)|(40,467)|(1,851)||3,757,980| |Restricted|||||||| |fund|106,775|0|0|0|0||106,775| |Unrestricted|||||||| |fund|41,313|845|(2,598)|40,467||(26)|80,000| |Total|3,071,786|1,114,017|(239,171)|0|(1,877)||3,944,755| |Analysis ofcharitable|funds - previous|year|||||| |Analysis of|Balance|Income|Expenditure|Transfers|Gains|and|Funds| |fund|b/fwd||||losses||c/fwd| |movements|6||6|6|||6| |Permanent|||||||| |endowment|2,224,513|897,048|(215,100)|54,496|(37,259)||2,923,698| |Restricted|||||||| |fund|106,775|0|0|0|0||106,775| |Unrestricted|||||||| |fund|100,004|2,129|(4,656)|(54,496)|(1,668)||41,313| |Total|2,431,292|899,177|(219,756)|0|(38,927)||3,071,786| ## ## ## ## ## ## ## ## ## ## |Reconciliation ofnet m|ovement|in|funds to net cash flow from|operating
activities|| |---|---|---|---|---|---| |||||2023|2022| |Net movement
in funds||||872,969|640,494| |Grant from Mole Valley|District|Council||(760,819)|0| |Sale of land||||(224,680)|(830,850)| |Add back depreciation|charge|||1,875|297| |Deduct income shown|in investment||activities|(10,452)|(11,685)| |Deduct gains/add
back|losses on investments|||1,877|38,927| |Decrease (increase)
in debtors||||1,494|(12,320)| |Increase (decrease)
in creditors||||495,710|(91)| |Increase (decrease)
in deferred||liabilities|||60,939| |Net cash used in operating
activities||||377,974|(114,289)|