ers￿.
Lands
ANNUAL REPORT & ACCOUNTS
2024

**Walberswick Common Lands Charity** 

## **REPORT OF THE CHAIR OF TRUSTEES** 

## **April 2025** 

## **Trustees** 

1. I was re-appointed Chair of the Trustees with effect from 1 January 2025 (having started in that role on 1 January 2023). 

2. The Parish Council re-appointed Hannah Sutton as a nominative trustee in March 2024 and myself in December 2024. 

3. The Rev Russ Gant took up his role as _ex officio_ trustee from April 2024. 

4. At a meeting on 12 December 2024, Vanessa Tucker was re-appointed as a co-opted trustee with effect from 1 January 2025. 

5. My fellow trustees are extremely dedicated, giving freely of their time in the interests of the Charity and the community as a whole. I am indebted to their experience and insight. 

6. We are all equally grateful for the ongoing work of our clerk, Matthew Wetmore, whose diligence and knowledge of the affairs of the Charity is unequalled. 

## **Accounts** 

7. At their meeting on 27 February 2025, the Trustees signed off the Charity’s accounts for the year ended 31 December 2024. 

8. The general income for 2024 was just over £25,000 higher than for 2023 (and around £5,000 more than for 2022). Around £15,000 of this increase came from the covenant from Walberswick Car Parks Limited. This is a tribute to the enormous work undertaken by the Directors of WCPL, dealing admirably with a range of difficulties so as not just to protect that source of income, but to build upon it by over one third. That is no small feat. 

9. The balance of the higher income came from an increase of the funds which we have received by way of grants from the Rural Payments Agency through our Countryside Stewardship Agreement. 



10. Our expenditure remained approximately level. The increase in the RPA grant came in in the latter part of the year, and so is ready to be used in the course of 2025. We are mindful that a number of potential matters may require increased expenditure in 2025. 

## **Environmental Stewardship[1]** 

11. 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 (or ‘National Landscape’), much of the land is designated as a Site of Special Scientific Interest and a Ramsar Site (wetlands of international importance). 

12. 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. 

13. As noted in last year’s Report, a new 5-year Countryside Stewardship Agreement was reached with Natural England with effect from January 2024. This includes a detailed scheme setting out expectations as to the work required on the relevant land. In 2024 the Charity received almost £45,000 in funds (an increase from around £33,000 in 2023), the use of which is restricted to the stewardship of the land to which it relates. 

14. 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. 

> 1 Whilst Natural England uses the term ‘countryside stewardship’, we prefer the term ‘environmental stewardship’; there is no particular distinction between them. 

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

[2] 



15. In early 2024, the Charity engaged new contractors to undertake a lot of the heavy work that is necessary, in particular over the Common. This preliminary work was successful and a much more significant plan was developed for the winter of 2024/2025 (when the work must be done, to avoid disturbing the wildlife that makes the Common its home over the warmer months). This has seen, for example, a considerable amount of over-sized gorse being cut down and removed from the site (whilst leaving lower gorse which provides such a beautiful display, and smell, in the spring); and the cutting of reeds in the fen. 

16. We have continued our engagement with volunteer groups for specific projects, such as the clearing of the top end of Bennett’s Drift, and we are grateful to the hard work of all of those who have helped out in this way. 

## **Charitable activities** 

17. 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. 

18. More information about how the Charity can assist individuals in need can be found on our website.[3] 

19. In 2024, the Charity made grants in excess of £50,000. 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. In 2024, we made a oneoff offer to the parents of eligible secondary school village children for the purchase of a laptop for study use (as an alternative to a payment being made directly to the school). We considered that this would offer direct and tangible support to those families; and currently intend to continue with this in relation to children as they reach secondary school. 

   - (c) A contribution to the Village Hall, which allows for subsidised hire charges for local users. 

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

   - (e) Grants to other local and national charities, whom we believe offer vital support to villagers. 

> 3 http://walberswick.onesuffolk.net/walberswick-common-lands-charity/grants-and-benefits/ 

[3] 



20. In addition, the Charity supports specific activities, such as the annual Easter egg hunt and the children’s summer clubs. 

21. As ever, the Trustees welcome suggestions as to appropriate charities, organisations and activities it might support in the future. Such suggestions are surprisingly limited in number. 

## **Heritage Hut** 

22. The successful management and use of the Heritage Hut continued throughout 2024. It is regularly used by various community groups including WPC, the PCC, the Scroll Advisory Group, and WALL, and we are keen to encourage wider community use. 

23. As well as its use for meetings, the Heritage Hut is the depository for the village archives, so carefully curated by the History Group, and for the Walberswick Scroll, under the watchful aegis of the SAG. 

24. Of particular note in 2024 was the very successful exhibition ‘When the Seas Come In’, which attracted almost 1,000 visitors, over various dates across the summer. Our thanks to the Heritage Hut committee, and all of those who helped them in putting on this excellent and informative display. 

25. In September 2024 the Heritage Hut was the base for a ‘heritage trail’ as part of the national Heritage Open Days. 

## **‘LionLink’** 

26. The proposals for LionLink continue and it is currently intended that the interconnector cable will go under land owned by the Charity. The Trustees have continued to engage with National Grid Ventures and its various agents and contractors (as well as with Natural England) with a view to ensuring that – if the work proceeds – the impact upon the Charity’s land (with its associated protected habitats), and upon the village more widely, is mitigated to the greatest possible extent. 

[4] 



## **Conclusion** 

27. The Trustees seek to continue the Charity’s ongoing support for the village of Walberswick. This is most obviously through the maintenance and development of the lands under its charge, something that adds to the unique beauty of the area. But it is also through the support of individuals and of the myriad of activities which individuals arrange for the benefit of the community. 


**----- Start of picture text -----**<br>
Richard Leiper KC<br>25 April 2025<br>**----- End of picture text -----**<br>


[5] 



**REGISTERED CHARITY NUMBER: 206095** 

**REPORT OF THE TRUSTEES AND** 

**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** 

**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 2024** 

||**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 2024** 

The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). 

## **OBJECTIVES AND ACTIVITIES** 

## **Objectives and aims** 

The Charity is the largest landowner in and around the village of Walberswick in Suffolk. It receives income from rental of its property and from car parking operations. Its primary responsibility is the long-term, environmental stewardship of its lands. In addition, surplus income may be deployed for the relief of need of Walberswick inhabitants and to support charitable objectives in the Parish of Walberswick. 

## **Social investments** 

Individual grants are also made to support Walberswick inhabitants who are judged to be in need and suffering hardship. Annual and ad-hoc grants are made to groups, organisations, and charities that either directly support charitable objectives in Walberswick or have the potential to provide such support when needed. Examples include supporting; schools where village children are educated, local outreach agencies caring for the sick and elderly, the village hall, the local minibus service, road safety schemes, flood defences, churchyard maintenance, community events and children's sport and recreational activities. 

## **FINANCIAL REVIEW** 

## **Reserves policy** 

It is the Charity's and Trustees policy to maintain reserves at a level it considers necessary to; (a) provide a contingency for emergency repairs, including minor flood damage and (b) meet cash flow fluctuations. 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** 

The Charity is governed by its Scheme dated 7 September 2009, amended on 1st November 2018 and constitutes an unincorporated Charity. The Charity was first registered on 4 February 1901. 

## **Recruitment and appointment of new trustees** 

The body of seven Trustees is made of one Ex-officio Trustee, four Nominative Trustees and two Co-optative Trustees. The latter two categories are elected for a period of four years. The Ex-officio Trustee is normally the Vicar with pastoral responsibility for the Parish of Walberswick. Nominative Trustees are elected by Walberswick Parish Council. 

## **Risk management** 

The Trustees have a duty to identify and review the risks to which the Charity is exposed and to ensure 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 LAND
CHARITY
REPORT OF THE TRusfEES
for the Year Ended 31 December 2024
Trustees
Reverend R Gant
MrG D Humphrev
Mr R T Leiper KC Chairman
Mr D Pelly
Mrs S Renouf
Mr5 H J Sutton
Ms V M Tucker
Clerk
Mr M Wetmore
Independent E¥aminer
P N van Oiik FMAAT
van Dijk Accountants Limitetl
Geor8ian House
34 Thoroughfare
Halesworth
Suffolk
IP19 8AP
Legal advisors
Nicholsons Solicitor5. Lowestoft
Bates Wells, London
Survtyors
Durranis. Beccles
Stutt & Parker. Norwlch
8ANKERS
Barclays 8ank PLC
Approved by order of the board of tnjstees on 27 February 2025 and si8ned on its behalf by..
Mr R T Leipef 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 report to the charity trustees on my examination of the accounts of Walberswick Common Lands Charity (the Trust) for the year ended 31 December 2024. 

## **Responsibilities and basis of report** 

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). 

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. 

## **Independent examiner's statement** 

I have completed my examination. I confirm that no material matters have come to my attention in connection 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. 

I have no concerns and have come across no other matters in connection with the examination to which 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 

27 February 2025 

Page 3 



## **WALBERSWICK COMMON LANDS CHARITY** 

## **STATEMENT OF FINANCIAL ACTIVITIES** 

## **for the Year Ended 31 December 2024** 

|Notes<br>**INCOME AND ENDOWMENTS FROM**<br>General Income<br>2<br>Other income<br>**Total**<br>**EXPENDITURE ON**<br>Costs<br>**NET INCOME/(EXPENDITURE)**<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>**TOTAL FUNDS CARRIED FORWARD**|Unrestricted<br>fund<br>£<br>125,461<br>-<br>125,461<br>102,802<br>22,659<br>1,761,645<br>1,784,304|Restricted<br>fund<br>£<br>44,892<br>-<br>44,892<br>31,253<br>13,639<br>14,747<br>28,386|31.12.24<br>Total<br>funds<br>£<br>170,353<br>-<br>170,353<br>134,055<br>36,298<br>1,776,392<br>1,812,690|31.12.23<br>Total<br>funds<br>£<br>145,155<br>60,000<br>205,155<br>131,404<br>73,751<br>1,702,641<br>1,776,392|
|---|---|---|---|---|



The notes form part of these financial statements 

Page 4 



WALBERSWICK COMMON LANDS CHARITY
STATEMENT OF FINA14CIAL POSITION
31 December 2024
31.12.24
Total
funds
31.12.23
Total
funds
Unrestritted
fund
Restricted
fund
Notes
FIXED ASSETS
Tangible assets
Investment propertv
936,779
545,LXKJ
936,779
545,LX)O
947,786
545,OLX)
1,481,779
1,481,779
1,492,786
CURRENT ASSETS
Debtor5
Investments
Cash at bank and sn hand
66,294
243.788
s6.￿1
66.294
283.711
57,969
83.7S7
256,412
18,021
39.923
1.068
366.983
40,991
407.974
358.190
CREDITORS
Amount5 fallin8 due within one year
64.458
12,605
77.063
174,5841
NET CURRENT ASSETS
302,525
28.386
330,911
283,606
TOTAL ASSETS LESS CURRENT LIAalLITIES
1,784,304
28.386
1.812.690
1,776,392
NET ASSETS
1.7B4.304
28,386
1,812,690
1,776,392
FLINDS
Unrestricted funds
Restricted funds
io
1,784,304
28,386
1,761,645
14,747
TOTAL FUNDS
1,812,690
1,776.392
The financial statements were approved by the Board of Trustees and authorised for issue on 27 February 2025 and
were signed on its behalf by..
Mr R T Leiper KC- Trustee
H J Sutton- Trustee
The note5 form part of these financial statements
Page 5

**WALBERSWICK COMMON LANDS CHARITY** 

**NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 December 2024** 

## **1. ACCOUNTING POLICIES** 

## **Basis of preparing the financial statements** 

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. 

## **Income** 

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. 

## **Expenditure** 

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. 

## **Tangible fixed assets** 

Freehold property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve, see note 11 to the accounts. 

The Charity has an interest in the Heritage Hut situated on Walberswick Village Green which is held on a ten year lease commencing 11th April 2019. Improvements thereto are being amortised over the remaining term of the lease. 

## **Investment property** 

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from 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. 

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 

continued... 

Page 6 



## **WALBERSWICK COMMON LANDS CHARITY** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued** 

## **for the Year Ended 31 December 2024** 

## **2. GENERAL INCOME** 

|Unrestricted<br>funds<br>£<br>Access licences<br>1,380<br>Property rent<br>36,014<br>Agricultural agreements<br>1,516<br>Investment income<br>8,543<br>Investment restricted income<br>-<br>Covenant from W.C.P.Ltd<br>55,162<br>Annual licences<br>20,257<br>Track & manor fields<br>-<br>Environmental stewardship<br>-<br>Donations<br>422<br>Increase in value of investments<br>2,167<br>125,461|Restricted<br>funds<br>£<br>-<br>-<br>-<br>-<br>1,381<br>-<br>-<br>-<br>43,511<br>-<br>-<br>44,892|31.12.24<br>Total<br>funds<br>£<br>1,380<br>36,014<br>1,516<br>8,543<br>1,381<br>55,162<br>20,257<br>-<br>43,511<br>422<br>2,167<br>170,353|31.12.23<br>Total<br>funds<br>£<br>1,440<br>34,875<br>1,774<br>6,546<br>788<br>40,498<br>19,404<br>1,665<br>30,109<br>2,367<br>5,689|
|---|---|---|---|
||||145,155|



## **3. TRUSTEES' REMUNERATION AND BENEFITS** 

There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. 

## **Trustees' expenses** 

There were no  trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. 

## **4.** 

## **TANGIBLE FIXED ASSETS** 

|**COST**<br>At 1 January 2024<br>Additions<br>At 31 December 2024<br>**DEPRECIATION**<br>At 1 January 2024<br>Charge for year<br>At 31 December 2024<br>**NET BOOK VALUE**<br>At 31 December 2024<br>At 31 December 2023|Freehold<br>property<br>£<br>890,000<br>-<br>890,000<br>-<br>-<br>-<br>890,000<br>890,000|Leasehold<br>property<br>£<br>98,570<br>-<br>98,570<br>40,784<br>11,007<br>51,791<br>46,779<br>57,786|Totals<br>£<br>988,570<br>-|
|---|---|---|---|
||||988,570|
||||40,784<br>11,007|
||||51,791|
||||936,779|
||||947,786|



continued... 

Page 7 



**WALBERSWICK COMMON LANDS CHARITY** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2024** 

## **5. INVESTMENT PROPERTY** 

Walberswick Common Lands Charity has title to freehold land and properties within the Walberswick area from which the Charity derives income, they have been valued professionally at £545,000. 

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

|Trade debtors<br>**7.**<br>**CURRENT ASSET INVESTMENTS**<br>COIF accumulation shares<br>COIF income shares<br>COIF deposit accounts 1 & 2<br>COIF sea defence deposit account<br>COIF Track & manor fields deposit account<br>**8.**<br>**CASH AT BANK AND IN HAND**<br>Bank account no. 1<br>Track & manor fields account|General<br>fund<br>£<br>56,901<br>-<br>56,901|Restricted<br>£<br>-<br>1,068<br>1,068||31.12.24<br>£<br>66,294<br>31.12.24<br>£<br>31,534<br>28,995<br>140,256<br>8,710<br>74,216<br>283,711<br>31.12.24<br>Total<br>funds<br>£<br>56,901<br>1,068<br>57,969||31.12.23<br>£<br>83,757<br>31.12.23<br>£<br>30,008<br>28,355<br>176,127<br>8,286<br>13,636<br>256,412<br>31.12.23<br>Total<br>funds<br>£<br>17,965<br>56<br>18,021|
|---|---|---|---|---|---|---|
||||||||
||||||||



continued... 

Page 8 



## **WALBERSWICK COMMON LANDS CHARITY** 

|**NOTES TO THE FINANCIAL STATEMENTS- continued**<br>**for the Year Ended 31 December 2024**<br>**9.**<br>**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>Trade creditors<br>Other creditors<br>**10.**<br>**MOVEMENT IN FUNDS**<br>At 1.1.24<br>£<br>**Unrestricted funds**<br>General fund<br>1,761,645<br>**Restricted funds**<br>Restricted<br>14,747<br>**TOTAL FUNDS**<br>1,776,392<br>Net movement in funds, included in the above are as follows:<br>Incoming<br>resources<br>£<br>**Unrestricted funds**<br>General fund<br>125,461<br>**Restricted funds**<br>Restricted<br>44,892<br>**TOTAL FUNDS**<br>170,353<br>**Comparatives for movement in funds**<br>At 1.1.23<br>£<br>**Unrestricted funds**<br>General fund<br>1,685,783<br>**Restricted funds**<br>Restricted<br>16,858<br>**TOTAL FUNDS**<br>1,702,641||31.12.24<br>£<br>9,102<br>67,961<br>77,063<br>Net<br>movement<br>in funds<br>£<br>22,659<br>13,639<br>36,298<br>Resources<br>expended<br>£<br>(102,802)<br>(31,253)<br>(134,055)<br>Net<br>movement<br>in funds<br>£<br>75,862<br>(2,111)<br>73,751|31.12.23<br>£<br>10,191<br>64,393<br>74,584<br>At<br>31.12.24<br>£<br>1,784,304<br>28,386<br>1,812,690<br>Movement<br>in funds<br>£<br>22,659<br>13,639<br>36,298<br>At<br>31.12.23<br>£<br>1,761,645<br>14,747<br>1,776,392|
|---|---|---|---|
|||||
|||||
|||||



continued... 

Page 9 



## **WALBERSWICK COMMON LANDS CHARITY** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2024** 

## **10. MOVEMENT IN FUNDS - continued** 

Comparative net movement in funds, included in the above are as follows: 

|**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Restricted<br>**TOTAL FUNDS**|Incoming<br>resources<br>£<br>172,334<br>32,821<br>205,155|Resources<br>Movement<br>expended<br>in funds<br>£<br>£<br>(96,472)<br>75,862<br>(34,932)<br>(2,111)<br>(131,404)<br>73,751|
|---|---|---|



A current year 12 months and prior year 12 months combined position is as follows: 

|**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Restricted<br>**TOTAL FUNDS**|At 1.1.23<br>£<br>1,685,783<br>16,858<br>1,702,641|Net<br>movement<br>in funds<br>£<br>98,521<br>11,528<br>110,049|At<br>31.12.24<br>£<br>1,784,304<br>28,386<br>1,812,690|
|---|---|---|---|



A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: 

|**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Restricted<br>**TOTAL FUNDS**|Incoming<br>resources<br>£<br>297,795<br>77,713<br>375,508|Resources<br>Movement<br>expended<br>in funds<br>£<br>£<br>(199,274)<br>98,521<br>(66,185)<br>11,528<br>(265,459)<br>110,049|
|---|---|---|



continued... 

Page 10 



**WALBERSWICK COMMON LANDS CHARITY** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2024** 

## **11. REVALUATION RESERVE** 

Unrestricted funds at 31[st] December 2024 include the revaluation reserve of £145,000. 

## **12. RELATED PARTY DISCLOSURES** 

Trustees Mrs H J Sutton and Mr R T Leiper KC held on behalf of Walberswick Common Lands one share each in Walberswick Car Parks Limited at 31st December 2024.  Mrs H J Sutton is also a director of Walberswick Car Parks Limited. During the year Walberswick Car Parks Limited covenanted £55,162 (2023 £40,498) to Walberswick Common Lands Charity. 

Page 11 



## **WALBERSWICK COMMON LANDS CHARITY** 

|**DETAILED STATEMENT OF FINANCIAL ACTIVITIES**|**DETAILED STATEMENT OF FINANCIAL ACTIVITIES**|**DETAILED STATEMENT OF FINANCIAL ACTIVITIES**|||
|---|---|---|---|---|
|**for the Year Ended 31 December 2024**|||||
||||31.12.24|31.12.23|
||Unrestricted|Restricted|Total|Total|
||funds|funds|funds|funds|
||£|£|£|£|
|**INCOME AND ENDOWMENTS**|||||
|**General Income**|||||
|Access licences|1,380|-|1,380|1,440|
|Property rent|36,014|-|36,014|34,875|
|Agricultural agreements|1,516|-|1,516|1,774|
|Investment income|8,543|-|8,543|6,546|
|Investment restricted income|-|1,381|1,381|788|
|Covenant from W.C.P.Ltd|55,162|-|55,162|40,498|
|Annual licences|20,257|-|20,257|19,404|
|Track & manor fields|-||-|1,665|
|Environmental stewardship|-|43,511|43,511|30,109|
|Donations|422|-|422|2,367|
|Increase in value of investments|2,167|-|2,167|5,689|
||125,461|44,892|170,353|145,155|
|**Other income**|||||
|Gains on the revaluation of freehold property|-|-|-|60,000|
|**Total incoming resources**|125,461|44,892|170,353|205,155|
|**EXPENDITURE**|||||
|**Costs**|||||
|Administration|16,552|-|16,552|16,958|
|Property maintenance|6,723|-|6,723|2,420|
|Professional fees|12,796|-|12,796|14,479|
|Rates|135|-|135|231|
|Insurance|3,457|-|3,457|3,305|
|Individual charitable grants|2,442|-|2,442|3,165|
|Charitable grants|49,656|-|49,656|44,894|
|Track & manor fields|-|-|-|11,500|
|Environmental stewardship|-|31,253|31,253|23,432|
|General|34|-|34|13|
||91,795|31,253|123,048|120,397|
|**Support costs**|||||
|**Other**|||||
|Depreciation of Leasehold property|11,007|-|11,007|11,007|



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Page 12 



## **WALBERSWICK COMMON LANDS CHARITY** 

## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 December 2024** 

||||31.12.24|31.12.23|
|---|---|---|---|---|
||Unrestricted|Restricted|Total|Total|
||funds|funds|funds|funds|
||£|£|£|£|
|Total resources expended|102,802|31,253|134,055|131,404|
|**Net income**|22,659|13,639|36,298|73,751|



This page does not form part of the statutory financial statements 

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