2023-12-31-accounts

Reference and Administrative Details	Reference and Administrative Details
Trustees' Report		2 to 9
Independent Examiner's	Report	10
Statement ofFinancial	Activities
Balance Sheet		12
Notes to the Financial	Statements	13to 22

				Unrestricted	Total	Total
				funds	2023	2022
			Note
Income and Endowments		from:
Donations and legacies				50,299	50,299	35,918
Charitable activities				65,899	65,899	75,882
Other trading activities				12,351	12,351	10,399
Investment income				26,038	26,038	24,292
Total income				154,587	154,587	146,491
Expenditure on:
Raising funds				(5,894)	(5,894)	(4,308)
Charitable activities				(279,493)	(279,493)	(563,544)
Other expenditure				(445)	(445)	(709)
Total expenditure				(285,832)	(285,832)	(568,561)
Gains/(losses) on investment		assets		71,687	71,687	(137,682)
Net expenditure				(59,558)	(59,558)	(559,752)
Net movement in funds				(59,558)	(59,558)	(559,752)
Reconciliation offunds
Total funds brought	forward			1,018,048	1,018,048	1,577,800
Total funds carried	forward		18	958,490	958,490	1,018,048

		Balan	ce Sheet as at 31	December 2023
					2023	2022
				Note
Fixed assets
Investments				13	851,825	780,138
Current assets
Stocks				14	15,318	16,040
Debtors				15	9,402	1,706
Cash at bank	and in hand			16	101,629	221,464
					126,349	239,210
Creditors: Amounts		falling due within	one year	17	(19,684)	(1,300)
Net current	assets				106,665	237,910
Net assets					958,490	1,018,048
Funds ofthe	charity:
Unrestricted	income	funds
Unrestricted	funds				958,490	1,018,048
Total funds				i8	958,490	1,018,048

			Unrestricted
			funds	Total
			General	2023
Donations	and	legacies;
Subscriptions		and donations	13,299	13,299
Legacies			34,797	34,797
Gift aid	reclaimed		2,203	2,203
			50,299	50,299
			Unrestricted
			funds	Total
			General	2022
Donations	and	legacies;
Subscriptions		and donations	15,190	15,190
Legacies			18,625	18,625
Gift aid	reclaimed		2,103	2,103
			35,918	35,918

Income	from charitable activities
		Unrestricted
		funds	Total
		General	2023
Recove&y	ofVAT	65,899	65,899
		Unrestricted
		funds	Total
		General	2022
RecoveIy	ofVAT	75,882	75,882

4 Inco	me from other trading activities
		Unrestricted
		funds	Total
		General	2023
		g
Trading	income;
Sales	ofpublications	11,091	11,091
Events	income;
Other	events income	1,260	1,260
		12,351	12,351
		Unrestricted
		funds	Total
		General	2022
		K
Trading	income;
Sales	ofpublications	9,657	9,657
Events	income;
Other	events income	742	742
		10,399	10,399

		Unrestricted
		funds	Total
		General	2023
Interest receivable	and similar income;
Interest receivable on bank deposits		2,653	2,653
Other income I'rom	fixed asset investments	23,385	23,385
		26,038	26,038
		Unrestricted
		funds	Total
		General	2022
Interest receivable	and similar income;
Interest receivable on bank deposits		997	997
Other income fiom	fixed asset investments	23,295	23,295
		24,292	24,292

a) C	osts oftra	ding activities
			Unrestricted
			funds	Total
			General	2023
Costs	ofgoods	sold	4,730	4,730
			4,730	4,730
			Unrestricted
			funds	Total
			General	2022
Costs	ofgoods	sold	3,299	3,299
			3,299	3,299

Unrestricted
funds	Total
General	2023
1,164	1,164
Unrestricted
funds	Total
General	2022
1,009	1,009

7 Expendi	tur	e on charitable activities
				Unrestricted
				funds	Total
				General	2023
			Note
Grant funding		cfactivities		276,593	276,593
Governance	costs			2,900	2,900
				279,493	279,493
				Unrestricted
				funds	Total
				General	2022
			Note
Grant funding		ofactivities		561,624	561,624
Governance	costs			1,920	1,920
				563,544	563,544

				Unrestricted
				funds	Total
				General	funds
Independent examiner's		fee
Examination	ofthe financial		statements	2,900	2,900
Total for 2023				2,900	2,900
Total for 2022				1,920	1,920

Other investments
	Listed
	investments	Total
Cost or Valuation
At 1 January 2023	780,138	780,138
Revaluation	71,687	71,687
At 31December 2023	851,825	851,825
Net book value
At 31December 2023	851,825	851,825
At 31December 2022	780,138	780,138
14 Stock
	2023	2022
Stocks	15,318	16,040
15 Debtors
	2023	2022
Other debtors	9,402	1,706
16 Cash and cash equivalents
	2023	2022
		g
Cash at bank	101,629	221,464

17 Creditors:	amounts fall	ing due vvithtn o	ne year
						2023	2022
Other creditors						17,584
Accruals						2,100	1,300
						19,684	1,300
18 Funds
						Other	Balance at31
		Balance	atI	Incoming	Resources	recognised	December
		January	2023	resources	expended	gains/(losses)	2023
Unrestricted	funds
General		1,018,048		154,587	(285,832)	71,687	958,490
						Other	Balance at 31
		Balance	at 1	Incoming	Resources	recognised	December
		January	2022	resources	expended	gains/(tosses)	2022
							g
Unrestricted	funds
General		1,577,800		146,491	(568,561)	(137,682)	1,018,048

19 Anal	ysis ofnet assets betvveen funds
		Unrestricted	Total funds at
		funds	31December
		General	2023
Fixed asset investments		851,825	851,825
Current	assets	126,349	126,349
Current	liabilities	(19,684)	(19,684)
Total net assets		958,490	958,490
		Unrestricted	Total funds at
		funds	31December
		General	2022
Fixed asset investments		780,138	780,138
Current	assets	239,210	239,210
Cutrent	liabilities	(1,300)	(1,300)
Total net assets		1,018,048	1,018,048

20 Analysis ofnet funds
				At 31
	At 1January	Financing	cash	December
	2023	flows		2023
				f.
Cash at bank and in hand	221,464	(119,835)		101,629
Net debt	221,464	(119,835)		101,629
				At 31
	At 1January	Financing	cash	December
	2022	flows		2022
Cash at bank and in hand	642,830	(421,366)		221,464
Net debt	642,830	(421,366		221,464

Detailed Stateme	n	t o	fFinancia	l Activities for the	Year Ended 31December	2023
					Total	Total
					2023	2022
Income and Endowments	from:
Donations and legacies (analysed			below)		50,299	35,918
Charitable activities (analysed		below)			65,899	75,882
Other trading activities (analysed			below)		12,351	10,399
Investment income (analysed		below)			26,038	24,292
Total income					154,587	146,491
Expenditure on:
Raising funds (analysed below)					(5,894)	(4,308)
Charitable activities (analysed		below)			(276,593)	(561,624)
Other expenditure (analysed	below)				(445)	(709)
Governance costs					(2,900)	(1,920)
Total expenditure					(285,832)	(568,561)
Gains/(losses) on investment		assets (analysed		below)	71,687	(137,682)
Net expenditure					(59,558)	(559,752)
Net movmnent in funds					(59,558)	(559,752)
Reconciliation offunds
Total funds brought forward					1,018,048	1,577,800
Total funds carded forward					958,490	1,018,048

		Total	Total
		2023	2022
Donations and legacies
Legacies and bequests		34,797	18,625
Subscriptions and donations		13,299	15,190
Gift Aid tax reclaimed		2,203	2,103
		50,299	35,918
Charitnble activities
VAT recovered		65,899	75,882
		65,899	75,882
Other trnding ncti vities
Sales ofpurchased goods		11,091	9,657
Wells trip (2022 Salisbmy)		1,260	742
		12,351	10,399
Investntenti nconie
Income fiom listed investments		23,385	23,295
Interest on cash deposits		2,653	997
		26,038	24,292
Raising fimds
Opening stock		16,040	15,056
Purchases		4,008	4,283
Closing stock		(15,318)	(16,040)
Printing, postage and	stationeiy	173	335
Sundry expenses		931	592
Bank charges		60	82
		5,894	4,308
Charitable activities - Upkeep ofSherborne Abbey
Quinquennial repairs	and minor works	52,871	17,250
Heating project		36,490	325,511
Lighting project		142,890	158,479
Fire alarm replacement		1,032	29,137
Toilets - preliminary	consultation	7,579	16,547
Insurance contribution		13,190	12,000
Return ofVAT to Abbey		1,841	2,700
Grants payable —institutions		20,700
		276,593	561,624

						Total	Total
						2023	2022
Governance		costs
Independent		examiner's	fee			2,900	1,920
						2,900	1,920
Other expenditure
Wells trip (2022 Salisbury)						445	709
						445	709
Gains/(losses)		on investment			assets
(Loss)/gain	on programme			related investments		71,687	(137,682)