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2022-12-31-accounts
|
Page |
| Report of the Trustees |
1-6 |
| Independent Examiner's Report |
7 |
| Statement of Financial Activities |
8 |
| Balance Sheet |
9 |
| Notes to the Financial Statements |
10-18 |
|
£ |
| General Reserve |
145,346 |
| Capital Fund |
1,842,447 |
| Flood Protection Fund |
100,000 |
| Property Renovation Fund |
50,000 |
| Total Funds |
2,137,793 |
|
£ |
| General Reserve |
25,536 |
| Capital Fund |
465,000 |
| Inundation Fund |
1,090,162 |
| Total Funds |
1,580,698 |
| ALL FUNDS |
3,718,491 |
| Unrestricted Grants expended |
|
|
£ |
| Dunwich Reading Room and Museum - use by Dunwich organisations |
1,500 |
| Dunwich Parish Meeting - benches |
420 |
| Aide Valley Food Bank |
1,000 |
| Man Up |
1,000 |
| Total |
3,920 |
| Restricted Grants expended |
|
|
£ |
| Contact Care Alarms |
1,504 |
| Winter Grants |
12,450 |
| General Relief |
8,470 |
| Education |
2,000 |
| Total |
24,424 |
| FOR THE YEAR ENDED 31 DECEMBER 20 |
22 |
|
|
|
|
|
|
|
|
2022 |
2021 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
Notes |
Funds |
Funds |
Funds |
Funds |
|
|
£ |
£ |
£ |
£ |
| INCOME |
|
|
|
|
|
| Income and endowments from: |
|
|
|
|
|
| Charitable activities |
2 |
56,013 |
36,519 |
92,532 |
92,271 |
| Investments |
3 |
5,200 |
13,349 |
18,549 |
17,542 |
| Total |
|
61,213 |
49,868 |
111,081 |
109,813 |
| EXPENDITURE |
|
|
|
|
|
| Expenditure on: |
|
|
|
|
|
| Charitable activities |
|
|
|
|
|
| Investment management costs |
4 |
41,454 |
1,978 |
43,432 |
23,177 |
| Grants payable |
5 |
3,920 |
24,424 |
28,344 |
22,165 |
| Management and administration |
6 |
4,497 |
4,496 |
8,993 |
8,662 |
| Total |
|
49,871 |
30,898 |
80,769 |
54,004 |
| Net income/(expenditure) |
|
11,342 |
18,970 |
30,312 |
55,809 |
| Other recognised gains/losses |
|
|
|
|
|
| Gains/losses on investment assets |
|
(24,017) |
(122,417) |
(146,434) |
348,535 |
| Net movement in funds |
|
(12,675) |
(103,447) |
(116,122) |
404,344 |
| Transfers |
|
20,000 |
(20,000) |
- |
- |
| Total funds brought forward |
|
2,130,468 |
1,704,145 |
3,834,613 |
3,430,269 |
| TOTAL FUNDS CARRIED FORWARD |
|
2,137,793 |
1,580,698 |
3,718,491 |
3,834,613 |
| AT 31 DECEMBER 2022 |
|
|
|
|
|
|
|
|
|
2022 |
2021 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
Notes |
Funds |
Funds |
Funds |
Funds |
|
|
£ |
£ |
£ |
£ |
| FIXED ASSETS |
|
|
|
|
|
| Tangible assets |
10 |
- |
- |
- |
- |
| Investments |
|
|
|
|
|
| Investment property |
11 |
1,887,000 |
465,000 |
2,352,000 |
2,352,000 |
| Programme related investments |
12 |
187,833 |
1,090,162 |
1,277,995 |
1,404,429 |
|
|
2,074,833 |
1,555,162 |
3,629,995 |
3,756,429 |
| CURRENT ASSETS |
|
|
|
|
|
| Debtors: amounts falling due in |
|
|
|
|
|
| one year |
13 |
7,132 |
- |
7,132 |
11,340 |
| Cash at bank |
|
57,586 |
29,609 |
87,195 |
85,864 |
|
|
64,718 |
29,609 |
94,327 |
97,204 |
| CREDITORS |
|
|
|
|
|
| Amounts falling due in one year |
14 |
(1,758) |
(4,073) |
(5,831) |
(19,020) |
| NET CURRENT ASSETS |
|
62,960 |
25,536 |
88,496 |
78,184 |
| TOTAL ASSETS LESS CURRENT |
|
|
|
|
|
| LIABILITIES |
|
2,137,793 |
1,580,698 |
3,718,491 |
3,834,613 |
| NET ASSETS |
|
2,137,793 |
1,580,698 |
3,718,491 |
3,834,613 |
| FUNDS |
|
|
|
|
|
| Unrestricted funds |
15 |
|
|
2,137,793 |
2,130,468 |
| Restricted funds |
|
|
|
1,580,698 |
1,704,145 |
|
|
|
|
3,718,491 |
3,834,613 |
| 2 ACTIVITIES FOR GENERATING FUNDS |
|
|
|
|
Unrestricted |
Restricted |
|
|
Funds |
Funds |
|
|
2022 |
2022 |
2021 |
| Rent receivable: |
£ |
£ |
£ |
| Town Houses, Maison Dieu and Spinney |
42,530 |
- |
40,515 |
| Barne Cottages |
12,280 |
- |
14,008 |
| Corporation Marshes |
981 |
- |
981 |
| Winch Hut Licences |
150 |
- |
170 |
| Allotment |
47 |
- |
46 |
| Car Park |
|
22,500 |
22,500 |
| Flora Tea Rooms |
|
14,000 |
14,000 |
| Wayleave |
|
19 |
19 |
| Mortuary-storage |
25 |
- |
25 |
| Donation |
|
|
7 |
|
56,013 |
36,519 |
92,271 |
| 3 INVESTMENT INCOME |
|
|
|
|
2022 |
2022 |
2021 |
|
£ |
£ |
£ |
| Dividends receivable |
5,200 |
13,349 |
17,542 |
|
5,200 |
13,349 |
17,542 |
| 4 CHARITABLE ACTIVITIES - INVESTMENT MANAGEMENT COSTS |
|
|
|
|
Unrestricted |
Restricted |
|
|
Funds |
Funds |
|
|
2022 |
2022 |
2021 |
|
£ |
£ |
£ |
| Agents fees |
8,034 |
1,095 |
9,114 |
| Insurance |
2,560 |
- |
2,371 |
| Rates - Council Tax |
473 |
- |
- |
| Water rates (cattle trough) |
- |
33 |
44 |
| Repairs and renewals |
29,667 |
850 |
9,434 |
| Professional fees |
720 |
- |
2,214 |
|
41,454 |
1,978 |
23,177 |
| 5 CHARITABLE ACTIVITIES - GRANTS PAYABLE |
|
|
|
|
2022 |
2022 |
2021 |
|
£ |
£ |
£ |
| The total grants paid to institutions during the year were as follows:- |
|
|
|
| Dunwich Reading Room and Museum |
1,500 |
- |
4,355 |
| Dunwich Parish Meeting (benches) |
420 |
- |
- |
| Parish care - Soup & Pud's Christmas lunch |
- |
- |
200 |
| Aide Valley Food Bank |
1,000 |
- |
- |
| Man Up |
1,000 |
- |
- |
| Middleton Primary School |
- |
- |
594 |
| Macmillan Cancer Support |
- |
1,250 |
1,000 |
| Headway |
- |
1,250 |
1,000 |
| St Elizabeth Hospice |
- |
1,250 |
1,000 |
| Disability Advice Service |
- |
1,250 |
1,000 |
| Aide Valley Food Bank |
- |
1,250 |
- |
|
3,920 |
6,250 |
9,149 |
| The total grants paid to individuals during the year were as follows:- |
|
|
|
| Contact Care Alarms |
- |
1,504 |
1,556 |
| Winter Grants |
- |
12,450 |
9,300 |
| General Relief |
- |
2,220 |
2,160 |
| Education |
- |
2,000 |
- |
|
- |
18,174 |
13,016 |
| Total grants payable |
3,920 |
24,424 |
22,165 |
| 6 CHARITABLE ACTIVITIES - MANAGEMENT COSTS |
|
|
|
|
Unrestricted |
Restricted |
|
|
Funds |
Funds |
|
|
2022 |
2022 |
2021 |
|
£ |
£ |
£ |
| Honorarium (see note 9) |
1,896 |
1,896 |
3,681 |
| Independent Examiner's fee |
603 |
603 |
978 |
| Bookkeeping |
1,558 |
1,557 |
3,026 |
| Trustee meetings |
89 |
89 |
90 |
| Trustees Indemnity insurance |
110 |
109 |
239 |
| Postage, stationery and advertising |
50 |
50 |
43 |
| Clerk's expenses (see note 9) |
- |
- |
96 |
| Professional/Domain registration, website and fees |
191 |
192 |
509 |
|
4,497 |
4,496 |
8,662 |
| 2022 |
2021 |
| £ |
£ |
| 3,792 |
3,681 |
| 3,792 |
3,681 |
| 10 TANGIBLE FIXED ASSETS |
|
|
|
Fencing and |
|
|
Water Supply |
Total |
|
£ |
£ |
| COST |
|
|
| At 1 January 2022 and 31 December 2022 |
4,929 |
4,929 |
| DEPRECIATION |
|
|
| At 1 January 2022 and 31 December 2022 |
4,929 |
4,929 |
| NET BOOK VALUE |
|
|
| At 31 December 2022 |
- |
- |
| At 31 December 2021 |
- |
- |
| 11 INVESTMENT PROPERTY |
|
|
|
|
£ |
| MARKET VALUE |
|
|
| At 1 January 2022 |
|
2,352,000 |
| Revaluation |
|
- |
| At31December2022 |
|
2,352,000 |
|
Unrestricted Fund |
Restricted Fund |
Total |
|
£ |
£ |
£ |
| No 1 Maison Dieu |
225,000 |
- |
225,000 |
| No2 Maison Dieu |
225,000 |
- |
225,000 |
| No ITown House |
275,000 |
- |
275,000 |
| No 2 Town House |
275,000 |
- |
275,000 |
| The Spinney |
330,000 |
- |
330,000 |
| Allotment |
30,000 |
- |
30,000 |
| Corporation Marshes |
16,000 |
- |
16,000 |
| Old Mortuary |
26,000 |
- |
26,000 |
| Flora Tea Rooms and Car Park |
- |
390,000 |
390,000 |
| Agricultural Land |
- |
75,000 |
75,000 |
| Conservation plot |
10,000 |
- |
10,000 |
| Nol Barne Cottage |
235,000 |
- |
235,000 |
| No 2 Barne Cottage |
240,000 |
- |
240,000 |
|
1,887,000 |
465,000 |
2,352,000 |
| 12 PROGRAMME RELATED INVESTM |
ENTS |
|
|
|
|
COIF |
|
|
COIF Income |
Accumulation |
|
|
Shares |
Shares |
Total |
|
£ |
£ |
£ |
| MARKET VALUE |
|
|
|
| At 1 January 2022 |
697,719 |
706,710 |
1,404,429 |
| Additions |
20,000 |
|
20,000 |
| Disposals |
|
|
|
| Revaluations |
(82,841) |
(63,593) |
(146,434) |
| At 31 December 2022 |
634,878 |
643,117 |
1,277,995 |
| 13 DEBTORS |
|
|
|
|
Unrestricted |
Restricted |
|
|
Funds |
Funds |
|
|
2022 |
2022 |
2021 |
|
£ |
£ |
£ |
| Due to Unrestricted Fund |
4,073 |
- |
8,217 |
| Prepayments |
3,059 |
- |
3,123 |
|
7,132 |
- |
11,340 |
| 14 CREDITORS |
|
|
|
|
|
|
Unrestricted |
Restricted |
|
|
|
Funds |
Funds |
|
|
|
2022 |
2022 |
2021 |
|
|
£ |
£ |
£ |
| Due to Unrestricted Fund |
|
- |
4,073 |
8,217 |
| Deferred income |
|
654 |
- |
700 |
| Amounts received in advance |
|
- |
- |
9,125 |
| Accrued expenses |
|
1,104 |
|
978 |
|
|
1,758 |
4,073 |
19,020 |
| 15 MOVEMENT IN FUNDS |
|
|
|
|
|
Balance |
Net |
|
Balance |
|
b/fwd |
movements |
Transfers |
c/fwd |
|
01.01.2022 |
|
|
31.12.2022 |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| General Fund |
138,021 |
(12,675) |
20,000 |
145,346 |
| Capital Fund |
1,842,447 |
- |
- |
1,842,447 |
| Flood Protection Fund |
100,000 |
- |
- |
100,000 |
| Property Maintenance and |
|
|
|
|
| Renovation Fund |
50,000 |
- |
- |
50,000 |
|
2,130,468 |
(12,675) |
20,000 |
2,137,793 |
| Restricted Funds |
|
|
|
|
| General Fund |
26,566 |
18,970 |
(20,000) |
25,536 |
| Capital Fund |
465,000 |
- |
- |
465,000 |
| Inundation Fund |
1,212,579 |
(122,417) |
- |
1,090,162 |
|
1,704,145 |
(103,447) |
(20,000) |
1,580,698 |
| TOTAL FUNDS |
3,834,613 |
(116,122) |
- |
3,718,491 |
|
|
Incoming |
Resources |
Gains and |
Movement |
|
|
resources |
expended |
losses |
in funds |
|
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
|
| General Fund |
|
61,213 |
49,871 |
(24,017) |
(12,675) |
|
|
61,213 |
49,871 |
(24,017) |
(12,675) |
| Restricted Funds |
|
|
|
|
|
| General Fund |
|
49,868 |
30,898 |
- |
18,970 |
| Inundation Fund |
|
|
- |
(122,417) |
(122,417) |
|
|
49,868 |
30,898 |
(122,417) |
(103,447) |
|
Tangible |
Fixed |
Net |
Total |
Total |
|
Fixed |
Asset |
Current |
Funds |
Funds |
|
Assets |
Investments |
Assets |
2022 |
2021 |
|
£ |
£ |
£ |
£ |
£ |
| Unrestricted Funds |
|
|
|
|
|
| General Fund |
- |
82,386 |
62,960 |
145,346 |
138,021 |
| Designated Funds |
|
|
|
|
|
| Capital Fund |
- |
1,842,447 |
- |
1,842,447 |
1,842,447 |
| Flood Protection Fund |
- |
100,000 |
- |
100,000 |
100,000 |
| Renovation Fund |
- |
50,000 |
- |
50,000 |
50,000 |
|
|
2,074,833 |
62,960 |
2,137,793 |
2,130,468 |
| Restricted Funds |
|
|
|
|
|
| General Fund |
|
|
25,536 |
25,536 |
26,566 |
| Designated Funds |
|
|
|
|
|
| Capital Fund |
- |
465,000 |
- |
465,000 |
465,000 |
| Inundation Fund |
- |
1,090,162 |
- |
1,090,162 |
1,212,579 |
|
|
1,555,162 |
25,536 |
1,580,698 |
1,704,145 |
| Total Funds |
__ -_3,629,995 |
|
88,496 |
3,718,491 |
3,834,613 |