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2022-12-31-accounts

ers￿. Lands ANNUAL REPORT & ACCOUNTS 2022

Walberswick Common Lands Charity REPORT OF THE CHAIR OF TRUSTEES

May 2023

Chair

  1. I was appointed Chair of the Trustees with effect from 1 January 2023.

  2. The previous Chair, James Darkins, stood down at the end of 2022 following a lengthy period as a trustee and, latterly, as Chair. I wish to offer my sincere thanks to James for the enormous amount of work that he put into the Charity, engaging both in hands-on, practical matters, and in ensuring that the Charity was compliant with the up-to-date requirements and expectations of the Charity Commission and best practice in relation to the management and operation of charities. He has had a profound impact upon the Charity.

Accounts

  1. At their meeting on 27 April 2023, the Trustees signed off the Charity’s accounts for the year ended 31 December 2022. A few specific observations follow.

  2. Reserves policy: The Trustees have recently reconsidered the level of (unrestricted) reserves which it is appropriate for the Charity to maintain as a minimum, in line with the Charity Commission’s guidance (CC19). The Trustees decided to increase the level from £75,000 to £100,000. The full policy can be found on our website.[1]

  3. Asset valuation: In considering the preparation of the accounts, and in line with our five yearly review policy, the Trustees decided that it would be appropriate for the freehold assets held by the Charity to be revalued (the last valuation having been in 2018). The exercise was undertaken by Durrants, our surveyors. This is not a formal valuation; Durrants have confirmed that it was done on a conservative basis but one that was appropriate for the purposes of the Charity’s accounts. The resulting (increased) valuation is reflected in the accounts. The very substantial part of these assets are in fact designated as functional permanent endowment land, which means that there are significant restrictions upon their disposal. Whilst of meaningful value, they do not represent assets that the Trustees can consider available for use.

1 http://walberswick.onesuffolk.net/assets/WCLC/New-Website-Documents/WCLC-Reserves-Policy-rev-April2023.pdf

  1. Income: the general income for 2022 was over £18,000 higher than for 2021. This was largely as a result of a specific property transaction (which will not repeat) and an increase in the covenant from Walberswick Car Parks Limited (an increase which we do not expect to continue in 2023). The covenant for 2022 was a notable £68,403 (up from £60,875 in 2021) and our thanks to the Directors, and to the Operations Manager, for their work over the year.

Incorporation

  1. The process of establishing a corporate trustee continues. A company has now been formed, called WCLC Trustee Ltd. The current Trustees are each directors of the company. An application has been made to the Charity Commission for the approval of the new scheme, and the Commission has recently appointed a caseworker to deal with the application. We are hoping that the process can be completed over the next few months, when the company will become the corporate trustee.

Trustees

  1. James Darkins’ position as a trustee was filled by Graham Humphrey.

  2. Mandy Erlenbach resigned with effect from the end of June 2022. The Trustees are indebted to her contribution, in particular her enormous knowledge of local environmental issues. Mandy has been replaced by Vanessa Tucker, and the timings meant that there was a valuable handover period.

  3. In the course of 2022 both Stephanie Renouf and David Pelly were appointed trustees.

  4. These various appointments mean that the Charity has an almost entirely new group of individuals as its trustees (I was appointed in November 2021). The one exception is Hannah Sutton, who has been a trustee for some 8 years and brings to us a great depth of experience, as well as an unrivalled knowledge of the village. That essential continuity is also provided by our clerk, Matthew Wetmore, to whom I extend our thanks.

  5. The ex officio trustee:

  6. (a) As many in the village will know, the Revd Simon Pitcher resigned from the Sole Bay Ministry at the end of last year to take up an appointment in Lavenham. As a result, he also resigned as a trustee. The Trustees are particularly grateful for the insight into, and care about, the community that he brought to our deliberations, and his thoughtful contributions are much missed.

[2]

Environmental Stewardship

  1. A substantial proportion of the Trustees’ time is spent on considering the management of the land and property for which the Charity is responsible. This includes the Common, but also the Town Marshes (running alongside the River Blyth) and some of the marshes and reedbeds running alongside the River Dunwich.[2] Much of this land holds a designation protecting it, reflecting the particular value in the wildlife and biodiversity in this rich area. As well as falling within an Area of Outstanding Natural Beauty, much of the land is designated as a Site of Special Scientific Interest and a Ramsar Site (wetlands of international importance).

  2. Our vision is to steward the land in a world-class manner, following a nature-first philosophy, with the support of the village community and partners. We seek to explore priorities and then agree, deliver and monitor a stewardship programme which will protect and enhance the Charity’s natural capital for the village and its wider communities. We do this by differentiating the various land types and areas for which we are responsible so that we can then plan their stewardship appropriately. We work with experienced contractors and partners in an environmentally sustainable manner. We are initiating and trialling formal monitoring systems, promoting safe and inclusive practice, and seeking further and stronger community interest in this diverse and accessible landscape.

  3. The Charity is the beneficiary of a 5-year Countryside Stewardship Agreement through Natural England, a key partner. This includes a detailed scheme setting out expectations as to the work required on the relevant land. In 2022 the Charity received over £23,000 in funds, the use of

2 A fuller description of the land can be found at http://walberswick.onesuffolk.net/walberswick-common-landscharity/

[3]

which is restricted to the stewardship of the land to which it relates. The current agreement finishes at the end of 2023, and (with the support of Durrants as our agents) the Trustees are in the process of negotiating a renewal from January 2024 for a further period. The cost of the environmental stewardship work that we undertake is covered by these restricted funds, and any shortfall made up from the Charity’s unrestricted funds.

We continue to be very grateful for the work done on the land by our contractors, Paul Denny and Robert Mortley, in particular in maintaining the fragile ecosystem that continues to develop on the Common. This has allowed increasing numbers of 3 key species – nightjars, woodlarks and Dartford warblers – as well as allowing the continued reestablishment of the previous lowland heath.

One project that is in hand is the replacement of a sluice deep in the reedbeds, which is essential in maintaining an appropriate water level to ensure both the protection of the reeds and the wildlife that thrives within it.

19.

We have planted a tree on the green off Palmer’s Lane. It is a sapling which comes from King Offa’s Oak on the Windsor Estate (which is reputed to be 1,500 years old), and celebrates the Coronation as well as serving as our tribute to Jayne Tibbles, who was invaluable as clerk to the Charity for many years.

“LionLink”

  1. Another development of key importance is the identification of Walberswick as a potential landfall site for an international power cable, under the project now re-branded “LionLink”. The proposed location would come on to land owned by the Charity. This provides us with a platform to ensure that National Grid Ventures understand the extreme difficulties presented by the Walberswick proposal,[3] and the Trustees are actively engaging with the agents appointed by National Grid Ventures to ensure that the apparently universal opposition of villagers (and the entirely justified reasons underpinning that opposition) are understood. To that end, we are of course also liaising with the Parish Council.

3 Our response to the initial non-statutory consultation can be found at http://walberswick.onesuffolk.net/assets/WCLC/New-Website-Documents/WCLC-to-NGV-EUROLINK181222.pdf

[4]

Heritage Hut

  1. The Charity’s investment over the last few years in the refurbishment of the Heritage Hut on the village green is now paying dividends. It is today the main meeting point not only for us but also the Parish Council, the History Group and the Scroll Committee. Additionally, the site is being used for a programme of exhibitions and other events, as a resource for the use of villagers and visitors alike.

Charitable activities

  1. A core aspect of the Charity’s purpose is the grant of relief to those in conditions of need, hardship or distress. This is done by individual grants or loans, and by general grants to charities and organisations that provide support (either generally or specifically) for villagers.

  2. In 2022, the Charity made grants in excess of £40,000. These included:

  3. (a) The Sole Bay Care Fund, in relation to the vital support that it offers within the village.

  4. (b) Payments are made to state schools attended by village children.

  5. (c) A contribution to the Village Hall, which allows for subsidised hire charges for local users. (d) The hire of the Village Hall to allow the Post Office outreach service.

  6. (e) Ongoing support for the provision of the free mini-bus that runs villagers to Norwich.

  7. In addition, the Charity supports specific activities, such as the annual Easter egg hunt and, in 2023, Coronation mugs given to all village children.

  8. The Trustees welcome suggestions as to appropriate charities and organisations it might support in the future. More information about how the Charity can assist individuals in need can be found on our website.[4]

  9. For well over a century, the Charity has tried to be a force for good within the village of Walberswick. I am confident that today it is an excellent position to continue be so in the future.

Richard Leiper KC

4 May 2023

4 http://walberswick.onesuffolk.net/walberswick-common-lands-charity/grants-and-benefits/

[5] 

REGISTERED CHARITY NUMBER: 206095

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

WALBERSWICK COMMON LANDS CHARITY

van Dijk Accountants Limited
Georgian House
34 Thoroughfare
Halesworth
Suffolk
IP19 8AP

WALBERSWICK COMMON LANDS CHARITY

CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 December 2022

Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Statement of Financial Position 5
Notes to the Financial Statements 6 to 11
Detailed Statement of Financial Activities 12 
WALBERSWICK COMMON LANDS CHARITY

REPORT OF THE TRUSTEES

for the Year Ended 31 December 2022

Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31December 2022.
ThetrusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:Statementof Recommended
PracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Charityis the largest landownerin and aroundthe village of Walberswickin Suffolk.It receives income from rental
of its propertyand from car parkingoperations.Its primaryresponsibilityis the long-term,environmental stewardship
ofitslands.Inaddition,surplusincomemaybedeployedforthereliefofneedofWalberswickinhabitantsand to
support charitable objectives in the Parish of Walberswick.

Social investments

IndividualgrantsarealsomadetosupportWalberswickinhabitantswhoarejudgedtobeinneedand suffering
hardship.Annualandad-hocgrantsaremadetogroups,organisations,andcharitiesthateitherdirectly support
charitableobjectivesinWalberswickorhavethepotentialtoprovidesuchsupportwhenneeded.Examples include
supporting;schoolswherevillagechildrenareeducated,localoutreachagenciescaringforthesickandelderly, the
villagehall,thelocalminibusservice,roadsafetyschemes,flooddefences,churchyardmaintenance, community
events and children's sport and recreational activities.

FINANCIAL REVIEW

Reserves policy

ItistheCharity'sandTrusteespolicytomaintainreservesatalevelitconsidersnecessaryto;(a)provide a
contingency for emergency repairs, including minor flood damage and (b) meet cash flow fluctuations.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

TheCharityis governedbyitsSchemedated7 September2009,amendedon1stNovember2018andconstitutes an
unincorporated Charity. The Charity was first registered on 4 February 1901.

Recruitment and appointment of new trustees

The bodyof seven Trusteesis made of one Ex-officioTrustee,four NominativeTrusteesand two Co-optative Trustees.
Thelattertwocategoriesareelectedforaperiodoffouryears.TheEx-officioTrusteeisnormallytheVicar with
pastoralresponsibilityforthe Parishof Walberswick.NominativeTrusteesare electedby WalberswickParish Council.
At31stDecember2022thereweretwovacanciesoneofwhichwastheEx-officioTrustee.MrGDHumphrey was
appointed a Trustee on 1st January 2023.

Risk management

TheTrusteeshaveadutytoidentifyandreviewtheriskstowhichtheCharityisexposedandtoensure appropriate
controls are in place to provide reasonable assurance against fraud and error

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number

206095

Principal address

PO Box 73
Halesworth
Suffolk
IP19 1AU

Page 1

WALBERSWICK COMMON LANDS CHARrrY REPORT OF THE TRusfEES thè Year Ended 31 DKember Trustees Mr J N Darkins (resigned 31.12.221 Ms A Edenbach Ire5i8ned 30.6.221 Mrs H I Sutton Mr R T Leiper KC Chairman Rev Canon C S Pitcher Iresigned 31.12.221 Mr D Pelly (appointed 26.5.221 Ms V M Tucker (appointed 30.6.221 Mrs S Renouf (appointed 31.3.221 Mr G D Humphrèy lappointed l.1.231 Clerk Mr M Wetmore Independent Examlner P N van Dijk FMAAT van Dijk Accountsnts Urnited Georgian House 34 Thoroughfare Halesworth Suffolk IP19 8AP Le8al advlsors Nlcholsons Solicitors,LowÈstoft 8ates Wells. London Suryeyors Ourrants, Betcles Stutt & Parker, Norwith BANKERS Barclays Bank PLC Approved by order of the board of trustees M 12 AFXII 2023 and si8ned on its behalf by.. Mr R T Lelper KC- Trustee Page 2

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF

WALBERSWICK COMMON LANDS CHARITY

Independent examiner's report to the trustees of Walberswick Common Lands Charity

I reportto the charitytrusteeson my examinationof the accountsof WalberswickCommonLandsCharity(the Trust)
for the year ended 31 December 2022.

Responsibilities and basis of report

AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').

I reportin respectof my examinationof the Trust'saccountscarriedoutundersection145 of the Act andin carrying
out my examinationI have followedall applicableDirectionsgiven by the CharityCommissionundersection 145(5)(b)
of the Act.

Independent examiner's statement

I havecompletedmyexamination.I confirmthatnomaterialmattershavecometomyattentioninconnection with
the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. 

Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

P N van Dijk FMAAT
van Dijk Accountants Limited
Georgian House
34 Thoroughfare
Halesworth
Suffolk
IP19 8AP

12 April 2023

Page 3

WALBERSWICK COMMON LANDS CHARITY

STATEMENT OF FINANCIAL ACTIVITIES

for the Year Ended 31 December 2022

Notes
INCOME AND ENDOWMENTS FROM
General Income
2
Other income
Total
EXPENDITURE ON
Costs
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
138,935
85,000
223,935
107,346
116,589
1,569,194
1,685,783		 Restricted
fund
£
25,809
-
25,809
35,673
(9,864)
26,722
16,858		 31.12.22
Total
funds
£
164,744
85,000
249,744
143,019
106,725
1,595,916
1,702,641		 31.12.21
Total
funds
£
146,354
-
146,354
142,830
3,524
1,592,392
1,595,916 
The notes form part of these financial statements

Page 4

WAL8ERSWI COMMON iANDS cHAR￿y STATEMENT F NNANaAL PoS￿10m 31 December 2022 31.12.22 Total funds 31.12.21 Total funds Unrestricted fund Restricted fund Notes FIXED ASSETS Tangible assets Investment pr¢*pÈrty 898.793 $45.C 898,793 545.Cl)O 851,273 515.C 1,443,793 1,443.793 1.366.273 CURRENT ASSETS Debtors Investments Cash at bank and In hand 81.947 186.032 28.070 81.947 207.564 40.759 92,314 173.999 25,807 21.532 12.689 296.049 34.221 330,270 292,120 CREDITORS Amounts falllng due within one year 154.0591 117,3631 171,4221 162.4771 NEf CURRENT ASSETS 241.wj 16.858 258,848 229,643 TOTAL ASSETS LESS CURRENT LIABILITIES 1.685,783 16,858 1,702,641 1.595.916 NEf ASSErs 1.685.783 16,858 1.702.641 1,595,916 FUNDS Unrestrided funds Restricted lund5 io 1.685,783 16.858 1,569.194 26.722 TOTAL FUNDS 1,702,641 1,595,916 The financial 5taièments werè approved by the Boafd of Trustees and authori5ed for i$5ue on 12 Aprtl 2023 and were slgned on its behalf bv.. Mr R T Leiper KC- Trusiee H I Sutton-yrustee The note5 form part of these flnanclal statements Pa8e S

WALBERSWICK COMMON LANDS CHARITY

NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 December 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

Thefinancialstatementsof thecharity,whichis a publicbenefitentityunderFRS 102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial
ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the
Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All incomeis recognisedin the Statementof FinancialActivitiesoncethe charityhasentitlementto the funds,
it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
andtheamountof theobligationcanbe measuredreliably.Expenditureis accountedforonanaccruals basis
andhas been classifiedunderheadingsthataggregateall costrelatedto the category.Wherecostscannot be
directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the
use of resources.

Tangible fixed assets

Freeholdpropertyis shownatmostrecentvaluation.Anyaggregatesurplusordeficitarisingfromchanges in
market value is transferred to a revaluation reserve, see note 11 to the accounts.

TheCharityhasaninterestintheHeritageHutsituatedonWalberswickVillageGreenwhichisheldona ten
yearleasecommencing11thApril2019.Improvementstheretoarebeingamortisedovertheremaining term
of the lease.

Investment property

Investmentpropertyis shownatmostrecentvaluation.Anyaggregatesurplusordeficitarisingfrom changes
in fair value is recognised in the Statement of Financial Activities.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.

continued...

Page 6

WALBERSWICK COMMON LANDS CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2022

2. GENERAL INCOME

Unrestricted
funds
£
Access licences
1,395
Property rent
34,035
Agricultural agreements
1,979
Investment income
1,993
Investment restricted income
-
Covenant from W.C.P.Ltd
68,403
Track & manor fields
-
Environmental stewardship
-
Donations
2,565
Increase in value of investments
-
Annual licences
18,565
Easements & lease premiums
10,000
138,935		 Restricted
funds
£
-
-
-
-
153
-
1,845
23,507
304
-
-
-
25,809		 31.12.22
Total
funds
£
1,395
34,035
1,979
1,993
153
68,403
1,845
23,507
2,869
-
18,565
10,000
164,744		 31.12.21
Total
funds
£
1,200
34,934
1,974
388
6
60,875
1,845
20,068
440
8,371
16,253
-
146,354

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees'remunerationor other benefitsfor the year ended 31 December 2022 nor for the year
ended 31 December 2021.

Trustees' expenses

Therewerenotrustees'expensespaidfortheyearended31December2022norfortheyear ended
31 December 2021.

4. TANGIBLE FIXED ASSETS

COST
At 1 January 2022
Additions
At 31 December 2022
DEPRECIATION
At 1 January 2022
Charge for year
At 31 December 2022
NET BOOK VALUE
At 31 December 2022
At 31 December 2021		 Freehold
property
£
775,000
55,000
830,000
-
-
-
830,000
775,000		 Leasehold
property
£
95,043
3,527
98,570
18,770
11,007
29,777
68,793
76,273		 Totals
£
870,043
58,527
928,570
18,770
11,007
29,777
898,793
851,273 
continued...

Page 7

WALBERSWICK COMMON LANDS CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2022

5. INVESTMENT PROPERTY

WalberswickCommon Lands Charityhas title to freeholdland and propertywithinthe Walberswickarea  which
have been valued professionally at £545,000.

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Trade debtors
7.
CURRENT ASSET INVESTMENTS
COIF accumulation shares
COIF income shares
COIF deposit accounts 1 & 2
COIF sea defence deposit account
COIF Track & manor fields deposit account
8.
CASH AT BANK AND IN HAND
Cash in hand
Bank account no. 1
Rent deposit account
Track & manor fields account
Total		 General
fund
£
3
28,067
-
-
28,070		 Restricted
£
-
284
9,474
2,931
12,689		 31.12.22
£
81,947
31.12.22
£
26,705
25,968
127,270
7,938
19,683
207,564
31.12.22
Total
funds
£
3
28,351
9,474
2,931
40,759		 31.12.21
£
92,314
31.12.21
£
29,345
29,385
78,206
7,860
29,203
173,999
31.12.21
Total
funds
£
5
13,601
9,570
2,631
25,807 
continued...

Page 8

WALBERSWICK COMMON LANDS CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2022

9.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other creditors
10.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Restricted
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Restricted
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Restricted
TOTAL FUNDS		 At 1.1.22
£
1,569,194
26,722
1,595,916
Incoming
resources
£
223,935
25,809
249,744
At 1.1.21
£
1,556,054
36,338
1,592,392		 31.12.22
£
3,062
68,360
71,422
Net
movement
in funds
£
116,589
(9,864)
106,725
Resources
expended
£
(107,346)
(35,673)
(143,019)
Net
movement
in funds
£
13,140
(9,616)
3,524		 31.12.21
£
7,817
54,660
62,477
At
31.12.22
£
1,685,783
16,858
1,702,641
Movement
in funds
£
116,589
(9,864)
106,725
At
31.12.21
£
1,569,194
26,722
1,595,916		 
continued...

Page 9

WALBERSWICK COMMON LANDS CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2022

10. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Restricted
TOTAL FUNDS		 Incoming
resources
£
124,131
22,223
146,354		 Resources
Movement
expended
in funds
£
£
(110,991)
13,140
(31,839)
(9,616)
(142,830)
3,524		 
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
Restricted funds
Restricted
TOTAL FUNDS		 At 1.1.21
£
1,556,054
36,338
1,592,392		 Net
movement
in funds
£
129,729
(19,480)
110,249		 At
31.12.22
£
1,685,783
16,858
1,702,641 
A currentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedinthe above
are as follows:
Unrestricted funds
General fund
Restricted funds
Restricted
TOTAL FUNDS		 Incoming
resources
£
348,066
48,032
396,098		 Resources
Movement
expended
in funds
£
£
(218,337)
129,729
(67,512)
(19,480)
(285,849)
110,249		 
continued...

Page 10

WALBERSWICK COMMON LANDS CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2022

11. REVALUATION RESERVE

TheTrusteeshavehadtheassetsrevaluedwhichhashadanimpactontheCharity'sreserves. Unrestricted
funds include the revaluation reserve of £85,000.

12. RELATED PARTY DISCLOSURES

TrusteesMrs H J Suttonand Mr R T LeiperKC held on behalfof WalberswickCommonLandsone share each in
WalberswickCarParksLimitedat31stDecember2022.MrsHJSuttonisalsoadirectorofWalberswick Car
ParksLimited.DuringtheyearWalberswickCarParksLimitedcovenanted£68,403(2022£60,875) to
Walberswick Common Lands Charity.

Page 11

WALBERSWICK COMMON LANDS CHARITY

DETAILED STATEMENT OF FINANCIAL DETAILED STATEMENT OF FINANCIAL ACTIVITIES ACTIVITIES
for the Year Ended 31 December 2022
31.12.22 31.12.21
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
INCOME AND ENDOWMENTS
General Income
Access licences 1,395 - 1,395 1,200
Property rent 34,035 - 34,035 34,934
Agricultural agreements 1,979 - 1,979 1,974
Investment income 1,993 - 1,993 388
Investment restricted income - 153 153 6
Covenant from W.C.P.Ltd 68,403 - 68,403 60,875
Track & manor fields - 1,845 1,845 1,845
Environmental stewardship - 23,507 23,507 20,068
Donations 2,565 304 2,869 440
Increase in value of investments - - - 8,371
Annual licences 18,565 - 18,565 16,253
Easements & lease premiums 10,000 - 10,000 -
138,935 25,809 164,744 146,354
Other income
Gains on the revaluation of freehold property 85,000 - 85,000 -
Total incoming resources 223,935 25,809 249,744 146,354
EXPENDITURE
Costs
Administration 15,765 - 15,765 16,250
Property maintenance 482 - 482 2,037
Professional fees 14,866 - 14,866 33,235
Rates 218 - 218 213
Insurance 3,043 - 3,043 2,816
Individual charitable grants 3,030 - 3,030 5,331
Charitable grants 52,877 - 52,877 40,589
Track & manor fields - 11,500 11,500 11,500
Environmental stewardship - 24,173 24,173 20,339
Decrease in value of investments 6,058 - 6,058 -
96,339 35,673 132,012 132,310
Support costs
Other
Depreciation of Leasehold property 11,007 - 11,007 10,520
Total resources expended 107,346 35,673 143,019 142,830
Net income 116,589 (9,864) 106,725 3,524 
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