## **UFFORD CHARITIES NON-ECCLESIASTICAL** Report and Accounts for Year Ending 31[st] December 2023 UK Registered Charity Number 207617 P a g e | **1** Version: **V FINAL** ## **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| P a g e | **2** Version: **V FINAL** ## **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 P a g e | **3** Version: **V FINAL** ## **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: - John Sayer - Woods Hospital - Thomas Mills - Ballett (Ballett’s Gift) - The Town Estate 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. P a g e | **4** Version: **V FINAL** ## 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: - a) Start of the project to refurbish the Almshouses; work as of 31[st] December included: - i. Erection of an extension to the rear of both properties - ii. Renewal of the entire roof, including insulation - iii. 80% refurbishment of one of the Almshouses, to be completed by 29[th] February 2024 - b) Appointment of new Almsperson, Mr Ray Whitehand, who will move into the Almshouses in May/June 2024 ## OBJECTIVES FOR 2024 The objectives for 2024 are: - a) Completion of the work to the Almshouses, including an Open House event - b) To consider any early repayments of the Almshouses Association Loan and finalise the repayment terms into the Trust Endowment Funds, which were used for the Almshouse Refurbishment project. - c) To consider the Charity’s status (currently unincorporated) P a g e | **5** Version: **V FINAL** ## 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** P a g e | **6** Version: **V FINAL** ## **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**| P a g e | **7** Version: **V FINAL** ## **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 P a g e | **8** Version: **V FINAL** ## **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: - The accounts have been prepared on a receipts and payments basis in accordance with the Charities Act 2011 3. Income is included in the accounts on a received basis. 4. Listed Investments are valued at market value at the year end. 5. The Charity owns two Almshouses in the village of Ufford. These properties will be revalued when the refurbishment work is completed, around May 2024. P a g e | **9** Version: **V FINAL** ||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