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2023-12-31-accounts

UFFORD CHARITIES NON-ECCLESIASTICAL

Report and Accounts for Year Ending 31[st] December 2023 UK Registered Charity Number 207617

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Ufford Charities Non-Ecclesiastical Report and Financial Statements Year ended 31 December 2023

Contents Page
Trustees’ Annual Report 3
Receipts and Payments 7
Assets and Liabilities 8
Notes to the accounts 9

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Ufford Charities Non-Ecclesiastical Trustees’ Annual Report For the year ended 31 December 2023

Registered charity number: 207617 Charity’s principal address: Manor Farm Hollesley Woodbridge Suffolk IP12 3NB

Trustees

The Trustees who served during the year are: Mr A Dennis Mr D Levett (Retired 15[th] June 2023) Mr S Mayhew Mr H Osborne Mr A Thomas Mrs S Wright (appointed 23[rd] June 2023)

Clerk to the Trustees

Mrs J Hallett

Bankers

Lloyds Bank Plc 8 Thoroughfare, Woodbridge, Suffolk IP12 1AF

Investment Managers

CCLA Senator House, 85 Queen Victoria Street, London EC4V 4ET

M & G Investments

PO Box 9038, Chelmsford, Essex CM99 2XF

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Ufford Charities Non-Ecclesiastical Trustees’ Annual Report (continued) For the year ended 31 December 2023

HISTORY, STRUCTURE AND MANAGEMENT

During the years 1638 to 1703 certain charities were founded for the benefit of the Parish of Ufford, Nr. Woodbridge, Suffolk. There were five in number:

In June 1900 the trustees for these charities made an application to the Board of Charity Commissioners for an established scheme for future regulation of the charities. The scheme was made and sealed on 26th April 1901. The purpose of this amendment was to amalgamate various small charities so that they were governed by one body of Trustees.

There have been three amendments to the Trust Deed: 12th April 1935, 15th July 1941, and 30th October 1959; however, the scheme is substantially the same today as it was when originally sealed.

The five charities became three: Town Estate, The Ecclesiastical Charity, and The Non-Ecclesiastical Charities. The Town Estate Charity is considered the ‘parent body’ of the three Charity’s and the Ecclesiastical and Non-Ecclesiastical the ‘child’ charities. The Non-Ecclesiastical Charities are managed by a body of five Trustees and administered by a Clerk.

The Trustees of the Non-Ecclesiastical Charities consist of the Representative Estate Trustees (being appointed by the Parish Council of Ufford) and the Cooptative Trustees (being persons residing or carrying on business in Ufford appointed by the other Town Estate Trustees) from the Town Estate Charity.

The Non-Ecclesiastical Charities is divided into two ‘Branches’: The Almshouse Branch and the Public Purposes Branch.

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AIMS AND OBJECTIVES

The main functions of the Non-Ecclesiastical Trustees are:

  1. To appoint, monitor and liaise with Almspeople.

  2. To manage and keep in repair the Almshouses funded by 50% of the distribution received from the Town Estate Charity together with other investment income and maintenance contributions and monies from the Public Purposes Fund where appropriate.

  3. To manage the Public Purposes Fund, funded by any remainder of the 50% distribution received from the Town Estate Charity

ACHIEVEMENTS AND NOTABLE EVENTS IN 2023

During 2023 the following objectives were achieved:

OBJECTIVES FOR 2024

The objectives for 2024 are:

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FINANCIAL REPORT

After charging all costs there was a surplus of £11,881 (2022 surplus of £637). The surplus is mainly funds held to complete the Refurbishment Project.

The value of the investment portfolio decreased by £150,219 solely due to sales of investments to fund the Almshouse Refurbishment project; partially offset by gains in investment value.

PUBLIC BENEFIT

The Trustees have given due consideration to The Charity Commission published guidance on the operation of Public Benefit requirement when considering the charity's objectives and activities.

RESERVES

At the balance sheet date free reserves stood at £34,866 and restricted reserves at £11,400

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law. The Trustees have elected to prepare accounts on a receipts and payments basis.

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity’s transactions, disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the Charity’s constitution. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Trustees and signed on their behalf:

………………………………………

………………………………..

Chair

Date

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Ufford Charities Non-Ecclesiastical Receipts and payments For the year ended 31 December 2023

Section A Receipts and payments Section A Receipts and payments Section A Receipts and payments Section A Receipts and payments Section A Receipts and payments
A1 Receipts Unrestricted
funds
to the nearest
£
1,350
145
-
-
-		 Restricted
funds
to the nearest £
1,463
5,998
1,787
-
75,000
-		 Endowment
funds
to the nearest £		 Total funds
to the nearest £
1,463
7,348
1,787
145
-
-
75,000
-		 Last year
to the nearest £
Monthly Maintenance Contributions 1,463 - 1,463 1,463
Investments 1,350 5,998 - 7,348 7,363
Distribution of Funds from Town Estate 1,787 - 1,787 2,876
Deposit Interest 145 - 145 43
Refurbishment Project Grant - - -
Sundry - - - - -
Almshouse Association Loan - 75,000 - 75,000 -
- - - - -
Sub total(Gross income for
AR)

1,495		 84,248 - 85,743 11,745

-
30,357		 75,000
-
-		 75,000
65,000
30,357
A2 Asset and investment sales,
(see table).
ERF Fund - 75,000 - 75,000
CCLA (128130006) - 65,000 65,000
M&G Account 30,357 - - 30,357 -
Sub total 30,357 75,000 65,000 170,357 -
Total receipts
A3 Payments
31,852 159,248 65,000 256,100 11,745
31,371
-
-
-		 4,904
1,785
956
140,073
130
-
-
-		 4,904
1,785
956
236,444
130
-
-
-
-
Almshouse Maintenance 4,904 - 4,904 2,742
Insurance and Subs 1,785 - 1,785 146
Training and Admin 956 - 956 1,838
Almshouse Refurbishment Project 31,371 140,073 65,000 236,444 6,252
Transfer to ERF 130 - 130 130
- - -
- - - - -
- - - - -
- - - - -
**Sub total ** 31,371 147,848 65,000 244,219 11,108
-
-		 -
-		 -
-
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
**Sub total ** - - - - -
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
31,371 147,848 65,000 244,219 11,108
481 11,400 - 11,881 637
-
- -
34,385 - - 34,385 33,748
34,866 11,400 - 46,266 34,385

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Ufford Charities Non-Ecclesiastical Assets and Liabilities As of 31 December 2023

Section B Statement of assets and liabilities Section B Statement of assets and liabilities Section B Statement of assets and liabilities at the end of the period at the end of the period at the end of the period at the end of the period
Categories
B1 Cash funds
B2 Other monetary assets
B3 Investment assets
B4 Assets retained for the
charity’s own use
B5 Liabilities		 (agree balances with receipts and payments
account(s))
Details
Lloyds Bank Account
Total cash funds
Details		 Unrestricted
funds
to nearest £		 Restricted
funds
to nearest £		 Endowment
funds
to nearest £
34,866 11,400
- - -
- - -
34,866 11,400 -
OK
Unrestricted
funds
to nearest £		 OK
Restricted
funds
to nearest £		 OK
Endowment
funds
to nearest £
CCLA Cash Account - - -
- -
- - -
Details Fund to which
asset belongs		 Cost (optional) Current value
(optional)
CCLA (128130002/3/4/6) Endowment - 153,277
CCLA(128130001R) Restricted - 32,260
M&G Unrestricted - -
- -
- -
Details Fund to which
asset belongs		 Cost (optional) Current value
(optional)
Almshouses Endowment - 657,500
- -
- -
- -
- -
Details Fund to which
liability relates		 Amount due
(optional)		 When due
(optional)
-
-
-

Approved and authorised for issue by the Trustees on 28[th] June 2024 and signed on their behalf by:

……………………………………………… …………………………………………….

Signature

Print

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Ufford Charities Non-Ecclesiastical Notes to the accounts

For the year ended 31 December 2023

  1. Charity information - The Charity is unincorporated and registered with the Charity Commission (registered number 207617) and is domiciled in the UK and is a public benefit entity.

  2. The principal accounting policies adopted, and critical areas of judgements are as follows:

  3. The accounts have been prepared on a receipts and payments basis in accordance with the Charities Act 2011

  4. Income is included in the accounts on a received basis.

  5. Listed Investments are valued at market value at the year end.

  6. The Charity owns two Almshouses in the village of Ufford. These properties will be revalued when the refurbishment work is completed, around May 2024.

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Ufford Charities Non-Ecclesiastical Charity Ufford Charities Non-Ecclesiastical Charity Ufford Charities Non-Ecclesiastical Charity Ufford Charities Non-Ecclesiastical Charity Ufford Charities Non-Ecclesiastical Charity Ufford Charities Non-Ecclesiastical Charity 207617 207617
Receipts andpayments accounts CC16a
For the period
from		 1/1/2023 To 12/31/2023
Section A Receipts and payments
Unrestricted
funds		 Restricted
funds		 Endowment
funds		 Total funds Last year
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
MonthlyMaintenance Contributions 1,463 - 1,463 1,463
Investments 1,350 5,998 - 7,348 7,363
Distribution of Funds from Town Estate 1,787 - 1,787 2,876
Deposit Interest 145 - 145 43
Refurbishment Project Grant - - -
Sundry - - - - -
Almshouse Association Loan - 75,000 - 75,000 -
- - - - -
Sub total(Gross income for AR) 1,495
 84,248 - 85,743 11,745
A2 Asset and investment sales,
(see table).
ERF Fund - 75,000 - 75,000
CCLA(128130006) - 65,000 65,000
M&G Account 30,357 - - 30,357 -
Sub total 30,357 75,000 65,000 170,357 -
Total receipts 31,852 159,248 65,000 256,100 11,745
A3 Payments
Almshouse Maintenance 4,904 - 4,904 2,742
Insurance and Subs 1,785 - 1,785 146
Training and Admin 956 - 956 1,838
Almshouse Refurbishment Project 31,371 140,073 65,000 236,444 6,252
Transfer to ERF 130 - 130 130
- - -
- - - - -
- - - - -
- - - - -
**Sub total ** 31,371 147,848 65,000 244,219 11,108
A4 Asset and investment
purchases, (see table)
- - - - Note: The £34,866 is the M&G £30,000 (allocated to the project of the £30,357 encashed) + the £4,866 in the General Fund at the end of 2023
- - - -
**Sub total ** - - - - -
Total payments 31,371 147,848 65,000 244,219 11,108
Net of receipts/(payments) 481 11,400 - 11,881 637
A5 Transfers between funds - - -
A6 Cash funds last year end 34,385 - - 34,385 33,748
Cash funds this year end 34,866 11,400 - 46,266 34,385
Section B Statement of assets and liabilities at the end of the period
Unrestricted Restricted Endowment
Categories Details funds funds funds
to nearest £ to nearest £ to nearest £
B1 Cash funds Lloyds Bank Account 34,866 11,400
- - -
- - -
Total cash funds 34,866 11,400 -
(agree balances with receipts and payments
account(s))		 OK OK OK
Unrestricted Restricted Endowment
funds funds funds
Details to nearest £ to nearest £ to nearest £
B2 Other monetary assets CCLA Cash Account - - -
- -
- - -
Details Fund to which
asset belongs		 Cost (optional) Current value
(optional)
B3 Investment assets CCLA (128130002/3/4/6) Endowment - 153,277
CCLA(128130001R) Restricted - 32,260
M&G Unrestricted - -
- -
- -
Details Fund to which
asset belongs		 Cost (optional) Current value
(optional)
B4 Assets retained for the Almshouses Endowment - 657,500
charity’s own use - -
- -
- -
- -
Fund to which Amount due When due
Details liability relates (optional) (optional)
B5 Liabilities -
-
-
Signed by one or two trustees on
behalf of all the trustees		 Signature Print Name Date of
approval

20 The Fairways Rushmere St Andrew Ipswich IP4 5TN UFFORD CHARITIES NON_ECCLESIASTICAL I h2V@ QX2mined the books and records of Ufford Charrties Non-Ecclesiastical and confirm that the Re￿iptS and Payments for the year ended 31 De￿rnber 2023 and the Statement of Assets and Liabilities as at 31 December 2023 are in accordan therewith. Michael Pratt FCA Chartered Accountant 14 May 2024