Charity Number
SOUTHWO
ANNUAL RE
RT AND ACCOUNTS
FOR THE YEAR ENDED 30JUNE 2023

THE SOUTHWOLD TRUST
CONTENTS
FOR THE YEAR ENDED 30 JUNE 2023
Page
Legal and adMIn￿t￿e infonnabon
Trustees. Annual Report
Report ol the 1ndere￿Ient Exami
Re¢w"pts and Payments A¢(tsunt
Statement of Assets and Lrd￿.l￿e
Notes to the accounts

THE SOUTHWOLO TRUST
LEGAL AND ADMINISTRATIVE INFORIAATtON
FOR THE YEAR ENDED 30JUNE 2023
Constitution
The South*t)Id Trust, 21 Fiekl Srti￿ Road. Soulhwokj. Suffolk, IP18 6LD is a Charity registered with the Charity
CommissK)n INO. 2C648010)nstituted by a Deed of TrusL
Trustses
The current Twstees olthe Trust a￿..
Chairrnan
Treasurer
Other Trustees
D J Gaffney
T cirffor
RLee
M Mayhv
RDTemp
R Daks
C Chrk I￿pOinted 14 April 20231
J Fuller
N Johng)n
J L Hursdl
M O'Hare Ires•3n&l 18 No¥emi*r 20221
Independent Examlners
Larknng GO￿￿n LLP
1 Claydon Busines5 Park
Great Blakènham
Ipswch
IP6 ONL
BonkeryJ
Bardays Bank PLC
waVe￿Y Valley
Lewtet5hire
LE87 2BB
Investment Mona9e
Sarasin & Partners LLP
Juxon House
1LX) St Paul's ChUrth￿rd
London
EC4M 8BU

THE SOUTHWOLD TRUST
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 30 JUNE 2023
The TNstee$ are plea￿ to present their annual rep)rt tc*￿ther ¥￿th the ffinan(ial ststements ofthe Charity for
the yearended 30 June 2023.
The legal and adrninu8trative infomiatv)n set oul on page 1 fo￿5 part of this report. The financaal statements
complywith the requirements ofthe Charit*s Att 2011 the trust deed.
Oblectlves
The 0￿"ect ofthe Trust is to benefft by any tha￿tab￿ means the inhabitants for the time being of Southwold as
defined by the Trust Deed. Under the terms of the Tnjst t)eed the exi%b'ng Ttustees have power to appoint new
Trustees. NewTrustees are recruited by aimin9 to eThsU￿ all skn.ll wuirements are Epresented.
During the year the Trustees have had due ￿ard to the guh18n￿ publBW by the Charity Commission on
public benefrt.
Financial Review
The Trust has made donatiorts during the year of£37,M (2022- £201.744) vthith vared in syze to various
organisations. The cash funds at the end of the year were £78.912 (2022-r27,8T2). The value ofthe
inve5trnent5 fvnd was £1.775.143 (2022- £1.763.184).
The net surplus in the year Wd5 £51.04012022- defioiof £118,406). An interim instaknent of a legacy wa5
re￿IVed during the year of £40.(K)O. A payN*nt 01£23,OtQ Yds made to Ihe St Edmunds Churth in January
2023 and was put tOYdrf5 the souTrJ system and porr* repairs.
Funds cA)nlinue to be hehy to support Arture prDieds.
Reseryes policy
The Trustees aim to maintain the capital value of reserve$ to generate thre inca)me and to donate cJJrrent
funds as they see frt. As a large part of eXpe￿lit￿re ￿lateS to grants paKS by the Tnkstee5 to worthy
organ&%ation$ within the Southwo5d area, the Trustees coukl. shoukd the Treed ocujr, redts￿ Ihe amount of
grants paid out to he￿ maintain lunds for bjture use. Thi8 ￿Uld leave suffioeni hJnds to ctjver all support and
In aeeordanc8 with the Trust Deed. the TrLL%tees may at any time exFend all or p8rt of Ihe capit81 of the Trust
Fund for the purposes and in the manner auth0ri5ed bythe goveming document. However. this would only be
in exwtK)nal urcurnstances. The Trustees are aLso not bourKI to expend in any yearthe whole of the income
bLrt msy retain funds for applications at a latertime. TrErefore the free reser¥es of th8rty consist of the
total value of the moretary and investh)ent asset&
Grtnt making policy
The Trustees as betore have Ujn￿￿tratrd on makJ'ThJ grants to small l(tal d)aribes Whe￿ need ha5 been
established. During th8 year the Twst made 9rants totalling £37.7￿. a breakdo%w of which is indL*Jed in note

THE soufHWOLD TRUST
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 30 JUNE 2023
Invesknent poli¢y
The Trustees ￿VIeW the investment perf0rrnan￿ at ear* of their haff yearty meetings. They Intend that Iticome
¢ovgrs the normal annual outgoings of the Trusl and cx)nsxler that the performan￿ of investrnents managed
b Sara5in & Partners LLP has been sati8faclory ¢JunrYJ the ojrrent year.
pproved by the Trustees and signed w their beh￿[ty.
T￿a
Dale..
rer
IF74

THE SOUTHWOLD TRIJST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SOUTHWOLD
TRUST FOR THE YEAR ENDED 30 JUNE 2023
I report on the accounts ofthe Trust for the year ended 30 Jure 2tr23 whi¢* a￿ set out on page5 S to 8.
Responsibilities and basi$ of rtport
As the eharity trustees ofthe Trust you are ￿pon￿b￿ frjr the pryarati￿ ofthe a¢wun(s in
accordan￿ wrth the requirements ofthe ChaniesAct 2011 llhe Adl.
l ￿port in respect of rny examination of the TrL￿t'S ac£ounts cam>J out uTrJer section 145 of the
2011 Act and in G8rrwng out my examinab.on I have folk)V￿￿ all the appli(abk Dire¢bons gwen by
the Chanty CoMrnW￿n under sec*on 14515llbl ofthe Act
Independent examlnefs Statement
I have cDmpleted myeXa￿nalI0n. I confirm that no matelial matter5 have ccrne to rny attent+?n in
connection with the examination giving rre (ause to bdwe that in any matsrial
1. a¢¢tunting records were not kept sn re¥ecl of the Trust as requyed by sedion 130 of the Act,. or
2. the accounts dg not a(Lord with those record&
I have no con￿M$ and have cr￿ arxoss no other matters in cA)nnection wth the examination to
whith attent￿n should be drayffl in this repxjrt in orduto enable a proFer unde[stsnd￿g of the
accounts to bè rèad*d.
Giles Kerkharn FCA DChA
Larking Gowen LLP
charte￿ Ac¢ountsnts
1 Claydon Business Park
Great Blakenharn
Ipsw¢h
IP6 ONL
Date: 4/3/2024

THE SOUTHWOLD TRUST
RECEIPTS AND PAYMENTS ACCOUNT
YEAR ENDED 30 JUNE 2023
RECEIPTS
Note
2023
2022
In¢ome-
From voluntary sourc8s'.
Donations & legacies
UnrestriefÈd
Unrestrtcted
1,450
Investment incorne:
Investment incorne
Inve$trnenl a¢count ffjterest
Bank inter
Disp)sal of investments
51.OC6
482
75
51,713
81
30,609
51.563
82,409
Total T•¢8ipts
91.563
83.859
PAYMENTS
Direct Charitsble EXpendI￿re.
Grants paid
Other Expenditure:
Administrative expenses
37,79)
201,144
2,733
1,121
Total payments
40,523
202.265
Net Ideficitysurplus for the year
Cash funds at 30 Jun* 2022
51,040
27.872
1118.4061
146.278
Cash fund$ at 30 June 2023
78,912
27.872

THE SOUTHWOLD TRUST
STATEMENT OF ASSETS AND LIABIL￿lEs
YEAR ENDED 30 JUNE 2023
2023
2022
Monetsry Assets
Unre5trtcted Funds
Bank deposit attount
Bank current ac4)unt
Investment rnanagerf5 attount
55,137
1(K)
23.675
15.445
100
12.327
Total per Receipts and payff￿nts Account
78.912
27.872
Other Assets
Had for investrnent purposes- quoted seuJiilies.'
2023
Cost
2023
PAarkei
Value
Hddin
Sa￿ts Endo￿nents Fund
Brought forw8rd
Purchase
Revaluation
Canied forwar
1.166.1XKJ
1.763.184
11,959
1,775,143
t,186,CXJ)
Approved b
the Trustees and signed OTh their behalfty.
T Clifford
T￿aSurer
Date..

THE SOUTHWOLD TRUST
NOTES TO THE ACCOUNTS
YEAR ENDED 30 JUNE 2023
1. INVESTMENT INCOME
2023
2022
Hokjin
Corn
an
1,550,344 Sarasin Endo￿nents FuTrJ
Sarasin Income and Reserves Fund
51,C
51,006
707
Total per R¥£ipts and Payments A(￿￿nt
51.LK
2. GRANTS MADE
2023
2022
Recipient
Southwold P.C.C.
Art5 Centre
Sole Bay Care Fund
St Edmunds Church
Arts Soaety
Southwold Mu%c Tnjst
Southwold Common trust
St Barnabas
Southwold Millenium FoundatK)n
SouthGen
Re￿on Playing Fiekjs Charrty
23,C(Ml
7￿)
5.394
110,750
60,000
25,0
37.79)
201.144
3. ADMINISTRATEVE EXPENSES
2023
2022
Payee
Larking Gowen- a¢counts and indepeThJent examination
Inve5trrent fvnd Gharges
Admin expense5
2.603
1,025
96
2,733
1.121