Reglstratlon No. 209626 SEA PALLING WITH WAXHAM COMMUNITY TRUST RECEIPTS AND PAYMENfs ACCOUNT FOR THE YEAR ENDED 315f DECEMBER 2024
SEA PALLING WtfH WAXHAM COMMUNITY TRUST FOR THE YEAR ENDED 31 DECEMBER 2024 CONTENTS Pa8e Charity Information Trustee< Report 24 Independent Examinerfs Report Receipts and Payments Account Statement of Assets and Liabllltles
SEA PALLING WITH WAXHAM COMMUNITYTRUST FOR THE YEAR ENDED 31st DECEMBER Z024 CHARITY INFORMATION Trustees Pamela Millsted Michael Dann Paul Rowe Julian A5kham Revd Coryn Stanforth Charlty Number 209626 Independent Examiner Mr Stuart Dickerson Fairhead Bradford Chartered Accountants & Registered Auditors Bradford House Yarmouth Road Stalham Norfolk NR12 9PD Bankers Barclays Bank PLC Business Direct Leicester LE87 2BB Solicitors Capron & Helliwell High Street Stalham Norfolk NR12 9AN Princlpal Address c/0 5andylands Waxham Road Waxham Norwich Norfolk NR12 OED Page I
SEA PALLING WITH WAXHAM COMMUNITY TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31" DECEMBER 2024 Trustees Re ort for ear ended 31" December 2024. The trustees present their report together with the accounts for the year ended 31st December 2024. The Board of trustees have met 5 times this year. The Rector of the benefice, Rev'd Coryn Stanforth, became a tntstee in Sepfrmber 2024. The full name of the charity is Sea Palling with Waxham Community Trust: also known as SPWCTformerly ca Iled Sea Palling Pools Allotment. Principal Activities: The Principal object of the Trust is for the relief of all tbose reSIdet in the parish of Sea Palling with Waxham who find themselves in n¢e(L hardship or distress. tn exceptional cases the trustees have th¢ discretion to assist those who do not qualify as residents. All ILardship help is strictly confLdential. Although the income received by the TNst lly InitilY be used for the relief of hardship ( governed by the Scheme of the Charity commissione dated I" June 1984) it also eJMbles the Trust to widen its use for Community projects such as manaoing the Playing Field. Diamond Wood and allotments, &ll on t$t Land, alld other community projects within the parish. Main Activities: Banking arrangen]ents are wilh Barclays for current accounts with on-line traniactions. Diamond Wood- a quiet area, retnains popular witb dog Tralkers. Some trees and shrubs have beeTh dar(Laged with tbe inclemellt weather, biit new trees and deer protection has been carried out in 2024. A further bench seat has also been donated. The allotments are well organised and, despite some plots being vacated. new applicants are b¢ginning to work these plots.. There are also three larger agncultural plots. The Playing Field.. the Rospa safety inspection was carried out in December 2024 with good results.. Safety checks are canied out regularly by two trustees throughout the year. Groundwork is caATied out every two weeks. Continued work to deal with rabbit and lllole infestation is regularly undertaken. Trustees had agreed to replace the surface around the Multiplay ii'ith wet pour and the work w&$ carried out in the Spring. This has improved the regular maintcnanc¢ of the Playing Field. Th¢ main inwne continues to be the revenue from the car park. The trust¢¢s Consider the Trust is in a lillancially stable position and all yearly outgoings on Tnt land have been met. Page 2
SEA PALLING WITH WAXHAM COMMUNITYTRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31" DECEMBER 2024 Transactlons and Flnanclal posltion The f inancial statements are Set out on page 6. As Stated in the introdurtion to this report. the trustees consider the financial performance by the charity during the year to have been satisfactory. The Statement of Financial Activities shows net deficit of resources for the year of £11,289. Page 3
SEA PALLING WITH WAXHAM COMMUNITY TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31$t DECEMBER 2024 Statement of Trustees, Responsibilities Charity Law requires the Board to prepare financial statements for each financial year which give a true and fair view of the state of affa irs of the charity as at the end of the financial year and of the surplus or def icit of the charity. In preparing those financial statements the Board is required ta:. select suitable accounting policies and then apply them con51Stently' make judgemerits and estimate5 that are reasonable and prudent,. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. state whether applicable accounting standards and statements of recommended practice have been followed. subject to any material departures disclosed and explained in the f inancial statements; The trustees are also responsible for maintaining proper accounting records which disc105e with reasonable accuracy at any time the financial position of the charity and which are suff icient to show and explain the chariws transartions and enable them to ensure that the financial statements comply with regulations made under the Charities Act. They are also responsible for saf2guarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are also responsible for the contents of the trustees. report. and the responsibility of the independent examiner in relation to the trustees, report is limited to examining the report and ensuring that on the face of the report. there are no inconsistencies with the figures disclosed in the financial Statements. This report proved by the Trustees on 2025. Trustee- M Dann Trustee- P Rowe Page 4
Independent Examinerf5 Report to the Trustees of Sea Palling wfth Waxham CornmunityTrust Report to the Trustee5 of Sea Palling with Waxham Community Trusts Charity number 209626 on the 5t accounts for the year ended 31 December 2024. Respective responslblllties of trustees and examiner The charit¢s trustees are responsible for the preparation of the accounts. The charitWs trustees consider that an audit 15 not required for this year under settion 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to.. examine the accounts ur)der Section 145 of the Charities Act, to follow the procedures laid down in the general Direttions given by the Charity Comm155ion {under section 145lSllbl, of the Charities Act) and to state whether particular matters have come to my attention. 8asls of Independent examiner'5 report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination include5 a review of the accounting records kept by the charity and comparison of the accounts presented with those records. It also include5 consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matter5. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given a5 to whether the accounts present a "true and fair" view and the report is limited to those matters set out in the statement below. Independent exarnlnerfs statement In connection with my examination, no matter has come to my attention which gives me cause to believe that in, any material respect,. the accounting records were not kept in accordance with section 130 of the Charities Act,. or the accounts did not accord with the accounting records: or I have come across no other matters in connection with the examination to which attention should be drawn in thi5 report in order to enable a proper understanding of the accounts to be reached. Mr S Dickerson FCCA Fairhead Bradford Chartered Accountants & Registered Auditors Yarmouth Road Stalham Norfolk NR12 9PD Date: 2025 Page 5
SEA PALUNG WITH WAXHAM COMMUNITY TRusr istration No. 209626 RECEIPTS AND PAYMENT5 ACCOUNT FOR THE YEAR ENDED 31ST DECEMBER2024 2024 2023 Recel ts: All unrestricted Investment income Wayleave5 Inetl General donations Rents 1,483 182 531 27,535 1,088 180 39,953 Recei ts; Restrlcted Allotments Total recei 29,732 41,221 Pa ments.. All unrestricted Community donation5 Defibrillator payments Assistance payments Diamond Wood Rates Playing fielcl expeftse5 AIIDtment expenses Aceountancy Legal fees Payments re agricultural land Meeting Hall hire Secretarial expenses Playing field bin service i.ochj 2,144 220 34 116 36,484 324 342 I,oc(J 354 750 534 104 7,009 77 330 30 40 327 728 Total ments 41,D21 10,986 Net resources I Ipaymentsl 111,2891 30,235 Cash funds last year end 60.627 30.392 Cash funds this year end 49,338 60,627 Page 6
SEA PALLING WITH WAXHAM COMMUNITY TRUST istratlon No. 209626 STATEMETrrr OF ASSETS AND LIABILITIES AT 31ST DECEMBER 2024 2024 Unrestricted Funds 2023 Unrestricted Funds Cash Funds Bankaccount COIF account 26,138 22,71J) 48,838 32,427 27,700 60,127 Other rnoneta assets COIF Investment Fund Income Units COIF Fixed Interest Accumulation Fund 10,096 24,114 34,210 9,872 22,748 32.620 Restricted Funds Restricted Funds Cash Funds Bank account COIF account 500 500 500 500 Approved by the board oftrustees on 2025 and signed on its behalf by.. l Trusteel- M Dann (Trustee) P Rowe Page 7