ers￿. Lands ANNUAL REPORT & ACCOUNTS 2023 ## **Walberswick Common Lands Charity REPORT OF THE CHAIR OF TRUSTEES** ## **April 2024** ## **Chair** 1. I was re-appointed Chair of the Trustees with effect from 1 January 2024 (having started in that role on 1 January 2023). ## **Accounts** 2. At their meeting on 28 March 2024, the Trustees signed off the Charity’s accounts for the year ended 31 December 2023. 3. The general income for 2023 was just under £20,000 lower than for 2022 (but only £1,000 lower than for 2021). This was largely as a result of an expected decrease in the covenant from Walberswick Car Parks Limited. The covenant for 2023 was £40,498 (down from an exceptional £68,403 for 2022). This does not reflect on any adverse performance by WCPL, but from a resumption of the normal rates policy and a resumption of normal running costs. Our thanks to the Directors for their work over the year. Thanks are also due in particular to Victoria Cowley for all of her work as Operations Manager, and our best wishes to her for her future plans. ## **Incorporation** 4. The process of establishing a corporate trustee continues. This has been considerably slower than we had anticipated or hoped for. This is primarily a result of the Charity Commission wishing to reach certain policy decisions (applicable to corporate trustees generally), rather than specific issues relating to the Charity’s own position. At the time of writing, we appear to be very near to the point of conclusion. ## **Trustees** 5. We are delighted that David Pelly and Hannah Sutton have been re-appointed as trustees. 6. The appointment of the Revd Russ Gant to the Sole Bay Ministry means that he will be taking up the position as ex officio trustee from April 2024. We look forward to him joining us. 7. As ever, our clerk, Matthew Wetmore, continues to provide us with invaluable support, insight, and recollection. 8. I pay tribute to the work of my fellow trustees. They all work on an entirely voluntary basis, and put in long hours in order to ensure that the Charity’s purposes are met, in particular through the maintenance of the Charity’s land and in the relief of need, for the benefit of the inhabitants of the village. ## **Environmental Stewardship** 9. 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.[1] 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). 10. 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. 11. The Charity has been 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 2023 the Charity received over £30,000 in funds, the use of which is restricted to the stewardship of the land to which it relates. The current agreement finished at the end of 2023, and the Charity fully discharged its obligations under it. > 1 A fuller description of the land can be found at http://walberswick.onesuffolk.net/walberswick-common-landscharity/ [2] 12. The Trustees were delighted that a further 5-year agreement has been reached from January 2024 and this will provide the Charity (and in turn the wider community) with significant benefits. We are grateful to our agents, Durrants, for their support in this process. 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. 13. We were very grateful for the work done on the land by our contractors, Paul Denny and Robert Mortley. Paul has taken up another opportunity and, whilst sorry to lose his skill and knowledge, we wish him well in his new job and thank him for his hard work over many years. We have brought in a new contractor, and we are confident that the team is fully engaged with the particular needs of the fragile ecosystem on and around the Common, including the continued fostering and protection of precious nesting sites. The Trustees are acutely aware of their responsibilities in this respect and monitor closely all of the work that is done on the Charity’s land. It was precisely this care that was recognised by the renewal of the CSA. 14. We are particularly grateful to Andrew Lewis, who has undertaken a high definition drone survey of the Charity’s lands. This provides an invaluable tool for monitoring their development. 15. - Another focus of our work has been on the reedbeds. We have replaced the sluice and this has allowed for more sensitive, and essential, control over water levels. 16. - We have also been able to use volunteer groups for specific projects, such as the clearing of Bennett’s Copse, and we are grateful to the hard graft of all of those who have helped out in this way. ## **“LionLink”** 17. The proposals in this respect continue. We were happy that National Grid Ventures realised the hopelessness of the originally proposed landing site. However, we are deeply concerned by the proposed alternative and, like many, registered our objections.[2] We will continue to do so and seek to work with other local bodies (including Walberswick Parish Council) and national agencies to press for a sensible, sustainable alternative. ## **Heritage Hut** 18. A new Heritage Hut committee was formed in June 2023 to further the objectives of the lease, to inform and educate people in and around Walberswick about the village, its history and > 2 http://walberswick.onesuffolk.net/assets/WCLC/New-Website-Documents/WCLC-LionLink-Response-to2nd-non-stat-cons.pdf [3] people, and to promote the Heritage Hut as a venue for small meetings and wider artistic use. By way of example: - (a) August saw Alexandra Lewis’s photographic exhibition of lone wild swimming on a fixed date in time. This involved three Walberswick residents and was very well received. - (b) In September we participated for the first time in the national Heritage Open Days initiative with a Treasure Trail of clues in key locations around the village. More than 35 families pre-registered for the two days while others, intrigued by the sight of enthusiastic map-waving youngsters, turned up spontaneously to participate. Thanks to Caroline Wright for her ingenious clues, Emilie Dadswell for her inspired graphic design and artwork, Helen Riches for gorgeous paintings for the bookmarks and to all who generously volunteered their time to help out on the days. 19. The Committee’s enterprising plans for 2024 continue. 20. The Countryside Trust has continued to bring disadvantaged children to enjoy and use the facility as part of its field trips. Regional schools and those specifically attended by young from the village have been invited to use the Heritage Hut as part of their summer term educational activities. 21. We are grateful to village groups who continue to use the venue for their meetings, including WPC, the PCC, the Scroll Advisory Group, and WALL (‘Walberswick Against LionLink’) and we are keen to encourage wider community use. The Heritage Hut is also the depository for the village archives so carefully curated by the History Group. ## **Charitable activities** 22. 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. 23. In 2023, the Charity made grants in excess of £40,000. These included: - (a) The Sole Bay Care Fund, in relation to the vital support that it offers within the village. - (b) Payments are made to state schools attended by village children. - (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. - (e) Ongoing support for the provision of the free mini-bus that runs villagers to Norwich. [4] In additii>n, rhc (-hariTh- suppnrr% spccitlc 2CtiiitiLfi, qucli 2S thL annual F_a%tLf L vx liunt. l-hc TrLi%fCL% ￿-tIcI}In¢ %LiWqri()fLS as r() apprcipri2iL chAritiL% And (TrrxanigAri()ns ir might siipp()rt in The futurL. IlnrL int()rmarinn abnut li0￿- tlic C-hariTh can in&"NidualN in nLLd can bc l()und cin i)iir UTLbsitL. I'()r ￿'Ll] ()i'er 2 Lentt￿y. th£, ('harin' has s()ughr ro bc a fi*rcc tor goud iiirhin thL iillaxi ()( ':Ill)Lrsiiick That L'nci)rnp14scs thL 12nd thid r Th-c manl&TL and thc Ih2t 2rL midL. l)ur il4¢i a iiicILr en%￿biL.￿LY1t T¥irli flil ni'Ld¥" ot rhe cr)mmunir}". Wdly Lxid mple. litt]L ¢>t Ilii. 4L' Ll¢,fenLe4- su he?i'ili' impacrLLI itt rhL %ti)nrL4 i>f .lutwnn 21)?3- fall wid)in tlie th'rL'Ct c()nrr()l (Jf chL C.IiariTh-. Yci IVL. SCLk do all ihar we can r() idLntiti mLthaiiisnL% li)r thc'ir pr()ttCUi)ii -Ind rLmi¢d]"aui)n and w()rk iiith thL appropriaTL' akFLncie% ri) ackn'eve thi%. RiLhard IAI er 12..Ipril _w24 ``` REGISTERED CHARITY NUMBER: 206095 ``` ## **`REPORT OF THE TRUSTEES AND`** ``` UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ``` ``` 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 2023`** ||**`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 to 13`| ``` WALBERSWICK COMMON LANDS CHARITY ``` ## **`REPORT OF THE TRUSTEES`** ## **`for the Year Ended 31 December 2023`** ``` Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31December 2023. 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. At 31st December 2023 there was one vacancy which was the Ex-officio Trustee. ``` ## **`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 LAND5 CHARTrY REPORT OF THE TRUSTEES tpr lh¢ Year Ended 31 December 2QZ3 Trusteès Mrs H J Sutton Mr R T Leiper KC Chaiman Mr D Pelly Ms V M Tucker Mr5 S Renouf Mr G D Humphrey lappointed l.1.231 aerk Mr M Wetmore Independent Examlner P N van Dijk FMAAT van Dijk Accountants Llmiied Georgian F+ouse 34 Thoroughfare Halesworth Suffolk IP19 SAP Legal advlso Nicholsons Solicitors,Lowestoft 8ates Wells, London Surveyors Durrants. Beccles Stutt & Parker, Norwlch BANKERS ar¢lays Bank PLC Approved by order ol the board of tnjstees on 22 February 2024 and signed on 1¢$ behall by.. Mr R r Leiper KC- Trusiee 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 2023. ``` ## **`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 ``` ``` 22 February 2024 ``` ``` Page 3 ``` ``` WALBERSWICK COMMON LANDS CHARITY ``` ## **`STATEMENT OF FINANCIAL ACTIVITIES`** ## **`for the Year Ended 31 December 2023`** |`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`
`£`
`112,334`
`60,000`
`172,334`
`96,472`
`75,862`
`1,685,783`
`1,761,645`|`Restricted`
`fund`
`£`
`32,821`
`-`
`32,821`
`34,932`
`(2,111)`
`16,858`
`14,747`|`31.12.23`
`Total`
`funds`
`£`
`145,155`
`60,000`
`205,155`
`131,404`
`73,751`
`1,702,641`
`1,776,392`|`31.12.22`
`Total`
`funds`
`£`
`164,744`
`85,000`| |---|---|---|---|---| |||||`249,744`| |||||`143,019`| |||||`106,725`
`1,595,916`| |||||`1,702,641`| ``` The notes form part of these financial statements ``` ``` Page 4 ``` WALBERSWICK COMMON LANDS CHARrrY STATEMENT OF FINANCIAL POSITION 31 December2023 31.12.23 Total fund5 31.12.22 Total fund5 ijnresiricted fund Restricted fund Nole5 FIXED ASSETS Tangible a55ets Investment propertv 947.786 545.(XQ 947.786 545.CX)O 898.793 S49,0￿) 1.492,786 1.492,786 1.443,793 CURRENT ASSETS Debtors Invesiments Cash at bank and in hand 53.648 259,225 17.965 30.109 12.8131 56 83,757 256,412 18,021 81.947 207.564 40.759 330.838 27.352 358,190 330.270 CREDITORS Amounts falling due within one year 161,9791 112,6051 174,5841 171,4221 NET CURRENT ASSETS 268.859 14,747 283,606 258,848 TOTAL ASSETS LESS CURRENT LIABILITIES 1,761,645 14,747 1,776,392 1,702,641 NET ASSETS 1.761.645 14,747 1,776.392 1.702,641 FUNDS Unrestricted fvnds Restrlcied funds io 1,761,645 14.747 1,685,783 16,858 TOTALFUNDS 1.776,392 1.702,641 The financial statements were appr%)¥ed by the 8oard ol Tru5tee5 and authorised for issue on 22 February 2024 bnd were signed on Its behalf bv: Mr R T Leiper KC- Trustee H J Sutton- Trustee The notes form part of these financial statements Page 5 ``` WALBERSWICK COMMON LANDS CHARITY ``` ## **`NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 December 2023`** ## **`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 2023`** ## **`2. GENERAL INCOME`** |`Unrestricted`
`funds`
`£`
`Access licences`
`1,440`
`Property rent`
`34,875`
`Agricultural agreements`
`1,774`
`Investment income`
`6,546`
`Investment restricted income`
`-`
`Covenant from W.C.P.Ltd`
`40,498`
`Ice cream franchise`
`19,404`
`Track & manor fields`
`-`
`Environmental stewardship`
`-`
`Donations`
`2,108`
`Increase in value of investments`
`5,689`
`Annual licences`
`-`
`Easements & lease premiums`
`-`
`112,334`|`Restricted`
`funds`
`£`
`-`
`-`
`-`
`-`
`788`
`-`
`-`
`1,665`
`30,109`
`259`
`-`
`-`
`-`
`32,821`|`31.12.23`
`Total`
`funds`
`£`
`1,440`
`34,875`
`1,774`
`6,546`
`788`
`40,498`
`19,404`
`1,665`
`30,109`
`2,367`
`5,689`
`-`
`-`
`145,155`|`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`| ## **`3. TRUSTEES' REMUNERATION AND BENEFITS`** ``` There were no trustees'remunerationor other benefitsfor the year ended 31 December 2023 nor for the year ended 31 December 2022. ``` ## **`Trustees' expenses`** ``` Therewerenotrustees'expensespaidfortheyearended31December2023norfortheyear ended 31 December 2022. ``` ## **`4. TANGIBLE FIXED ASSETS`** |**`TANGIBLE FIXED ASSETS`**|||| |---|---|---|---| |**`COST`**
`At 1 January 2023`
`Additions`
`At 31 December 2023`
**`DEPRECIATION`**
`At 1 January 2023`
`Charge for year`
`At 31 December 2023`
**`NET BOOK VALUE`**
`At 31 December 2023`
`At 31 December 2022`|`Freehold`
`property`
`£`
`830,000`
`60,000`
`890,000`
`-`
`-`
`-`
`890,000`
`830,000`|`Leasehold`
`property`
`£`
`98,570`
`-`
`98,570`
`29,777`
`11,007`
`40,784`
`57,786`
`68,793`|`Totals`
`£`
`928,570`
`60,000`| ||||`988,570`| ||||`29,777`
`11,007`| ||||`40,784`| ||||`947,786`| ||||`898,793`| ``` continued... ``` ``` Page 7 ``` ``` WALBERSWICK COMMON LANDS CHARITY ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued`** ## **`for the Year Ended 31 December 2023`** ## **`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`
`£`
`-`
`17,965`
`-`
`-`
`17,965`|`Restricted`
`£`
`-`
`-`
`-`
`56`
`56`||`31.12.23`
`£`
`83,757`
`31.12.23`
`£`
`30,008`
`28,355`
`176,127`
`8,286`
`13,636`
`256,412`
`31.12.23`
`Total`
`funds`
`£`
`-`
`17,965`
`-`
`56`
`18,021`||`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`| ``` continued... ``` ``` Page 8 ``` ``` WALBERSWICK COMMON LANDS CHARITY ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued`** ## **`for the Year Ended 31 December 2023`** |**`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 1.1.23`
`£`
`1,685,783`
`16,858`
`1,702,641`
`Incoming`
`resources`
`£`
`172,334`
`32,821`
`205,155`
`At 1.1.22`
`£`
`1,569,194`
`26,722`
`1,595,916`||`31.12.23`
`£`
`10,191`
`64,393`
`74,584`
`Net`
`movement`
`in funds`
`£`
`75,862`
`(2,111)`
`73,751`
`Resources`
`expended`
`£`
`(96,472)`
`(34,932)`
`(131,404)`
`Net`
`movement`
`in funds`
`£`
`116,589`
`(9,864)`
`106,725`|`31.12.22`
`£`
`3,062`
`68,360`
`71,422`
`At`
`31.12.23`
`£`
`1,761,645`
`14,747`
`1,776,392`
`Movement`
`in funds`
`£`
`75,862`
`(2,111)`
`73,751`
`At`
`31.12.22`
`£`
`1,685,783`
`16,858`
`1,702,641`| |---|---|---|---|---| |||||| |||||| |||||| ``` continued... ``` ``` Page 9 ``` ``` WALBERSWICK COMMON LANDS CHARITY ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued`** ## **`for the Year Ended 31 December 2023`** ## **`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`
`£`
`223,935`
`25,809`
`249,744`|`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(107,346)`
`116,589`
`(35,673)`
`(9,864)`
`(143,019)`
`106,725`| |---|---|---| ``` 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 1.1.22`
`£`
`1,569,194`
`26,722`
`1,595,916`|`Net`
`movement`
`in funds`
`£`
`192,451`
`(11,975)`
`180,476`|`At`
`31.12.23`
`£`
`1,761,645`
`14,747`| |---|---|---|---| ||||`1,776,392`| ``` A currentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedinthe above are as follows: ``` |**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Restricted`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`396,269`
`58,630`
`454,899`|`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(203,818)`
`192,451`
`(70,605)`
`(11,975)`
`(274,423)`
`180,476`| |---|---|---| ``` continued... ``` ``` Page 10 ``` ``` WALBERSWICK COMMON LANDS CHARITY ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2023`** ## **`11. REVALUATION RESERVE`** ``` The Trusteeshadthe fixedassetsrevaluedduringthe year.Unrestrictedfundsincludethe revaluation reserve of £145,000. ``` ## **`12. RELATED PARTY DISCLOSURES`** ``` TrusteesMrs H J Suttonand Mr R T LeiperKC held on behalfof WalberswickCommonLandsone share each in WalberswickCarParksLimitedat31stDecember2023.MrsHJSuttonisalsoadirectorofWalberswick Car ParksLimited.DuringtheyearWalberswickCarParksLimitedcovenanted£40,498(2022£68,403) 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`**||**`2023`**|||| |||||`31.12.23`|`31.12.22`| ||`Unrestricted`|`Restricted`||`Total`|`Total`| ||`funds`||`funds`|`funds`|`funds`| ||`£`||`£`|`£`|`£`| |**`INCOME AND ENDOWMENTS`**|||||| |**`General Income`**|||||| |`Access licences`|`1,440`||`-`|`1,440`|`1,395`| |`Property rent`|`34,875`||`-`|`34,875`|`34,035`| |`Agricultural agreements`|`1,774`||`-`|`1,774`|`1,979`| |`Investment income`|`6,546`||`-`|`6,546`|`1,993`| |`Investment restricted income`|`-`||`788`|`788`|`153`| |`Covenant from W.C.P.Ltd`|`40,498`||`-`|`40,498`|`68,403`| |`Ice cream franchise`|`19,404`||`-`|`19,404`|`-`| |`Track & manor fields`|`-`||`1,665`|`1,665`|`1,845`| |`Environmental stewardship`|`-`|`30,109`||`30,109`|`23,507`| |`Donations`|`2,108`||`259`|`2,367`|`2,869`| |`Increase in value of investments`|`5,689`||`-`|`5,689`|`-`| |`Annual licences`|`-`||`-`|`-`|`18,565`| |`Easements & lease premiums`|`-`||`-`|`-`|`10,000`| ||`112,334`|`32,821`||`145,155`|`164,744`| |**`Other income`**|||||| |`Gains on the revaluation of freehold property`|`60,000`||`-`|`60,000`|`85,000`| |**`Total incoming resources`**|`172,334`|`32,821`||`205,155`|`249,744`| |**`EXPENDITURE`**|||||| |**`Costs`**|||||| |`Administration`|`16,958`||`-`|`16,958`|`15,765`| |`Property maintenance`|`2,420`||`-`|`2,420`|`482`| |`Professional fees`|`14,479`||`-`|`14,479`|`14,866`| |`Rates`|`231`||`-`|`231`|`218`| |`Insurance`|`3,305`||`-`|`3,305`|`3,043`| |`Individual charitable grants`|`3,165`||`-`|`3,165`|`3,030`| |`Charitable grants`|`44,894`||`-`|`44,894`|`52,877`| |`Track & manor fields`|`-`|`11,500`||`11,500`|`11,500`| |`Environmental stewardship`|`-`|`23,432`||`23,432`|`24,173`| |`Decrease in value of investments`|`-`||`-`|`-`|`6,058`| |`General`|`13`||`-`|`13`|`-`| ||`85,465`|`34,932`||`120,397`|`132,012`| |**`Support costs`**|||||| |**`Other`**|||||| |`Depreciation of Leasehold property`|`11,007`||`-`|`11,007`|`11,007`| ``` This page does not form part of the statutory financial statements ``` ``` Page 12 ``` ``` WALBERSWICK COMMON LANDS CHARITY ``` ## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 December 2023`** ||||`31.12.23`|`31.12.22`| |---|---|---|---|---| ||`Unrestricted`|`Restricted`|`Total`|`Total`| ||`funds`|`funds`|`funds`|`funds`| ||`£`|`£`|`£`|`£`| |`Total resources expended`|`96,472`|`34,932`|`131,404`|`143,019`| |**`Net income`**|`75,862`|`(2,111)`|`73,751`|`106,725`| ``` This page does not form part of the statutory financial statements ``` ``` Page 13 ```