REGIrnDCHARrrY NUMBER: Z11732 rtoft AL¥
oundaiton Street Cha cltent$ of the NnanclalSt3tements heye d31 mber Reportof theTrustees Independent Examlnee5 Report ststernent of F(n3ncJalAttMtfjes Slatementof HnancLHI Posluon Nates to the Fin#ndal Statemer 5 to 9 DetalknlStstementolFlnarKW ACt1thS io
wich Foundatl ortaft Tnj The trustees presem thelr wkh the financlal Aatemeftts of the charfryT for thÈ year er¥ted 31 December 2023. The trustees have adopted the prov55n5 of Accountiry¥ ond Reportrn8 Chorrties.. Staternent of Recommended l>rathce appllcable to tharitie5 preparingthelr accounts in aOrdae wrth the Finanaal ReForting Standard apicable fjn ihe UK and RepuWl¢ of Ireland IFRS 1021 lefleLt4ve l January20191. ObJecU¥esand¥lms The maln object ofthe charity isto provbje indeFr¥knt and thdtered tMOdItIoN for rethd e. AcHIEvEMAND PEf¢FORMAN Chaiitsble aclbAtle5 The Charitys detailed statement of ffinand acw p$8e 10. show • gross irtomt of £304,156 12022 £267.1061 and gro expend1ttl of £246,391120Z2 E182,4551, results In asurphtsof £57,765tompared wltha Surp$01 W,651 In 2022. The charlrfs InvestmeTrts showed an Incre•s¢ In vah* from the year of £20W2 compared wlth a de¢wse In the value of £152,545 In 2022. 5fRLICWRE. GOVERNANCE Ap P•lANAGEME14T Governlng docurnert Thecharlty Is controlled by h$8ovemlnBdo¢umtrrt, odeed oftru5t and const1ttan lTOrIted trMY. R£FEIIENCE ANDADMIN15fRAmiE DÉTAILS Re¥15t•rnd ChArlty numbv 211732 PrkKlpal •ddr• Toolevs Court Foundarion Street Ip5wkh rflolk IP4 IBE Trustees Mr N Holnt$ MT A Grant Mrs D Pearce Mrs R Oodds Kfjr D Knlghts Mfsj Banthorpe T POUNI MTSA Terwick Mts M Youn8 Mr L HarvÈv Mr A GIMes Independent Èjhimlner MrA Porter FMAAT 9 Byford Court rockatt Road Hadlelgh Ipswich Strffolk IP7 6RD rof the t>)ard oltru5tees on.._ . and$ on its behall by. Mr Grant-Trwee
Inrfe endertt E¥2miner's Re with Foundation Street Char totheTntstses of Independent examlner's Fepcrtt0thEtnee50f Ip5wIth SlJeei I report to the tharity trustees on my examination of the Kcounts of Ipswch FourthiK)n street Charity lthe Trust) for the year ended 31 December 2023. R85ponsknJltles and basls of repNt As the tharlty tnJsteÈs of thÈ Trust you are respe forihe prepaiation of ac(wrts In ac(dae requ1ments of the Charities kt 2011 Ilhe Act'l. I rèp¢>rt In respect tsf rny examinatlon of the Trust's accounts caffled OLrt under Sectton 145 of the Act and in carrWng out mv examinatlon I have followed all applkabie Dlretllons4Jven bytF Commi55wJn under Settw)n 14515llbl ofthÈArt. Independent examlner's stèterftht %ncÈ your charhy's gross income exceeded £250.rJ)) ywr exafflher must be o member of a Ilsted kndy. I Corf1 that l am qualifd to undErtake the exarnln411on l am a member ofihe Assodatknn of Ttthni¢ians, vthlch Is one of the lisled bodie I have completed rny exjmlnatlon. I rorfifm that rK maier6al matters have come to ffly attenllon In connert4oD wlth the e¥amlnatlon IIng me cause to believe that in any materSal respectr. acco¥ntln8records were not kept Sn res ol the Trusr •sftquired by Sethon 130of thekt.. or the •cctyJnts do •¢¢ord wlththose record5; or the accounts do not cornply with the applkJble requlrements concemlr¢ the form conten¢ of •¢¢ouAts Set out In the Charlties (Accounts and Report51 Re8ulation5 2(M)8 other tn ary requiremtnt that tl •c¢ounts 8fve a true and fatr vw whlch Is not 3 rnatter co1ere as part of an SendentexaM[ats(1rt. I have no corterns •nd have tome acr0$5 noother rnatter5 In connection ¥th theexafftlnatkffiio whkh ittentlm should be drawn Inthls r•port In ¢rderto enable a proper understanthn8of attounts to be reached. MrA Porter FMAAT Suffolk TaxkcountantSGrP 9 Byford Court Crockatt load Hadltiih Ipswkh Suffolk IP? 6RD Date.. Page 2
'th FoundathThSt Cha em tof ialA 31 hey 31.12.23 31.12.22 Totrdl funds INCOME AND ENDOWMENTS FROM Donations and le8arie5 CTkable •¢d¥Nts Contribution5from re5wJents Hireof btsitO¥S room 159,(62 251933 750 Investfflent Income 13.272 T4rtal 304,156 267,106 EXPENDITURÉ ON CharItabh¥¢dr5 C05t501 R¥nnkngSheltered HO8 246,391 182.455 Net gain5111055e51 on Irhvestments 208,832 1152,5451 IIETINCOMEIIEXPEPIrnI 266,597 167m41 RECOPXILIATION OF FUND5 Total funds brwahtforward 1255,312 l323.X TOTAL FUNDS CARAIED FORWARD 2,521,% 2,25S.312
chFo reetcha entof Finan 31 Dece r20 I Posi 31.12.23 Unrestricted funds 31.12.22 Total fijr Investments 2,330.228 2.121.396 1,691 IY3,730 C5h at bank I40.8 201,421 140.9)8 CRtDifoRS Amounts falllnt duewrthlnoneyear 19,7401 16.9921 NEfcuRRENT ASSErs 191.6BI 133,916 2255,312 NA$sEr5 2,521.909 2,25S,312 FUNDS Unrestri¢ted funds 2.521.9 2.25S,312 TOTAiFUNDS 2.521.W3 2,255,312 The fInorKlal statements Wefe approved ty the 8oard of Tnistees aTrJ authorfsed for LI on ......................... ...... . ww n Irs behalf . and MrA Grant- Trustee MrDKnth.T
ch Fou Th5treetC tothÈFi rthe Year Ended 31 Demb AccouMllNG pouaES Bas15 of prepafk¥ theflnantlalstatern The finantial 5tsterneThts of the tharity, which 15 o publK benefft enty FR$ 102, hove been wepared In accoydante vjlth the tharities SORP IFRS 1021'Accountlw and ReF1Th8 by ctrortl1 Statement of RecommÈNld PraLty¢e applicable to chartt preparlw thelr tou$ In atcordance with the lin3131 Report5w Standard akable In the UK and Republlc of IrelarKI IFRS 1021 leffetfve l JarKwry 20191., Fuwncial ReF<rting Standard 102 Tr Finaal Reportln8 Standard awlKabk iry the UK arsd Republk of IrdaThd' and the Chariues Att 201L The financ statsmTrts have been prepared underthe historical cost coThventKsn, wlth theexceptk)ft of IrtVe5tfflents whKh are indled at market val¢Je. Income l irKome is recogntsed the 5tatÉment of Flnanciil Acuvlbes orKe the drftyhas )tltbèmeot to thefrJ[, It t5 probable that the Intome wrll be rewvedand the amount can be meastsred reliably. Expendllur• Liabilttie5 are ¥ewrsed a5 expenthth as soon as ttrwe ts a 11 N ¢on5tructNe obliqatksn commlthng the chadty to that expenditure, rt Is probable that a transfer of e¢0m beneffts WMI be rewmred lfi Settment and the amount of the obligatknn can be measwEd rdlabty. Expenditure Is accounteé for on an x¢rv#15 basis and has been ¢l•sslfled under headlw that aggregate all cost related to the tatem. Where costs cannot be dtrecity •tUlbuted to partkulaf headlngs they have been allocated to on a IM$1s¢0rn5btenl the Oftesour. T•x•Uon The charity k5 exemptfrom tax on 6ts Charrtablo athill•& unle¢¢e funds ¢èn Lustd In ic(cthIe wlth the thartt4bleobknThY5at the dlscretlon offv trystees. Restricted funds cèn ofity be v5ed for portkular restricted purposes wlthin the objects of the charlty. Ilestrf¢tkns ar&e when $pe¢lfitd the donororwhen fvI are rafjsed for partkul4rrestric wrr)ses. FurtherexplanaoTh ofthe ne Ind ofeach fund ts I11thd In the notes to1 finarK&I statemen INVESTMEpn INCOME 31.12.23 31.12.22 lTrtere5t receed In¢orne Irom Investments IA73 13.266 83 13,189 14,739 13.272 TRUSTEtS' REMIMRAIIONAND BENEFITS There We no tTUStet5' reThJneraUon or other beneffts for tts year eThJtd 31 Oxember 2023 nor for the year er¥Jed 31 December 1022. There rK) truste25' expEn5es IdfOrtheyeaT eryled 31 Decembw2023 norfortl yÈarèfided 31 December 2022. contlnued.-.
vCh Fout¥Jation S e Yeai End 31 Dec 023 STAFFCOST5 The a¥eraue monthty numbef ofemployees duriw dyearwas a5 foll. 31.12.23 31.12.22 Admini5ts3tor Repalrs and Mainte Warden CateTln8 No empknyees retd%demoluments In ey£es5 of£f4),CQ). Unrestricted funds INCOMEAMD ENDOWMEins FROM Donatlons and lesacles 151 Contribution5 from resldwrts ofvlsttors room 252,933 750 IThVestlbt Income 13,272 Total 267.106 ÈXPV4DITUREON Charttabfe 11¥110 Cost5 of RuTrninRSheeTed 181455 Net 8alnsllh)ssesl on Irwestments 1152.5451 NÈTIMCOMEIIEXPENDITURE) 167,8941 RECONCIUATION OF FUNOS Total funds brou8ht fOard 1323.2C TOTAL FUNDSCARIUEDFORWARD 2.Z55,312 Page 6 ¢ontinu2d...
wich FouNlation SITeet tothe Fl ial Statsments-co forthe Yèar Ended 31 December 2023 L15ted investmwts MARKETVAWE At I lanuary 2023 Rev&lu8Yo 112L396 208.832 At 31 De¢ember2023 2,330,228 NET BOOK VALUE At 31 Detembef 2023 2,330,228 At 31 tcember2022 1121,396 Therewere no Investment etsk1•t VL DEbTORS:AMOUNTS FAWNG wmiiM014É YEAR 31.12.23 31.12.22 Otherdebto 1.691 CREDITOR&. AMOUNTS FAWN8 DU£ TIIITHWONÉ YÉAR 31.12.23 31.12.22 Othercredftors 9,740 6,992 MOVEMEiif IN FUNDS Net movement in funds At 31.12.23 At 1.1.23 General fund Cydical Repa Fund EKrnordlnary Repalr Fund l.3ll.094 290.116 654.102 201016 23,972 L513.110 314,18 .711 2.25S.312 266597 1521.9)9 TOTAL FUNDS U55.312 266,597 2.521.WJ Net movemert In funds, IrK*Jtted In the areas follrrtts.. G•in5 and Movement iTrfunds Unrestrlcted funds GenEr31 futhd Cydical Repair Fund ExtraordlnaryRepalrF 12453911 144J50 23,973 201016 23.972 1246.3911 20832 266,597 TOTAL FUNDS 3¢Jl.156 1246.3911 208,832 266.597 contiTrued...
ch F ndatlo N¢)test e Year Financial State nded I t£ember 20 MOVEME1 IN FUN05. tont Net At 31.12.22 1.1.22 hjnds UnrestrSrtedfvnds Genero1 ftjnd Cyclical Repalr Fund Extraordlnary RÈpalr Fur#1 L350,363 323.869 64974 139.2691 133,7531 5.128 1,311,CY34 29),116 654.102 1323,206 167,8941 2.255.312 rALFUNDS 1323.2C6 167,8941 1255.312 Cornparafve net mo¥ewnt Infitnds. lrtluded In thÈ abovtart •5 folow' InconNrKq Resourres Galns and k>sses ovement fjnfuTra5 Generol fvnd Cyclical Repolr Fund Extraordlnary Repair Fund 267.IC 1182.4551 1123,9201 133,7531 5.128 139,2691 133,7531 5,128 267.106 1182,4551 1152.5451 167,8941 TOTAL FUt4DS 267.106 11814551 IIS2.5451 167,8941 Acurrent year 12 months prknr year 12 months ¢cmbined posllkn b45 Id1. Net mo¥em¢nt In funds At 31.12.23 At Ll.22 Unr•sirki•d lu General fund Cycll£al Repalr Fund Extraordlnary fiepair Fw L350.363 323.869 648.974 161747 19,7811 45,737 1513.110 314.088 694,711 1323.11 2,521,X roTAL FUPIDS 1323.2( 198,703 1521.909 Acurrent yeor 12 monthsand 12 mcffith$c(mrd rr4Mmefit In lund5. Irxlwjed In the aL)ve are as folows.. IncomlnE ResoyTees expended Galnsand Movement In funds General fund Cyclical Repair FurKI Extraoidinary Repair Fund 57L263 iij 1428A461 20,330 19,7801 45.737 162,747 19,7811 45,737 5n.262 1428.8461 56,287 198.703 TOVALFUNDS 57L262 1428.846) 56287 198.703 continued...
l Fou11105treet(thart io. RELATED PARTY DISCLOSURES There were no related party tranSaCtb fortheyeartnded31 DÈtÈmFr 2023. FREEM( PROPERTY The ¢harity OVMS the property wse5 to kyovide indeFendent aTrJ sheltered attommlIon for retired PeDe. The prtsperty was dorwted to the Charlty by Henry Todey in the sixteenth century aNI due to the drffjculty in establLshlwg the value of the asset at that tlme. the woperty ss not {ldEd in the balarKe sheet. The trUeS belIe that the ¥alue of the donatlon al the Ilrne of re¢tlpt w0d It be m*erial and woujd no %ythfitont lrnpxt on the financkil poskLiTh of the ¢harlty at the year end. The freehdd property is currently Insured for£7.25oixKII2022 e7,250,(XX)I.
I h Found iled S the Year tem Finan 31 Dece 31.12.28 31.12.22 INCOME ANO ENIX>wl[S Donatlonsand teg Dtsnatlons Interest received IrKome from Inve5trnents L473 13,266 83 13.189 14.739 13.272 Chorft•ble a(tl¥ttl•¥ Rents Receed Hire of Ylsltors room Re5klellts ContrfbutlDf15toward Electwh 253.377 247.ni 7SO 5.211 5,675 259.532 253.683 Total In(¢bmb¥ r•s¢wrc 301,156 267,ICfj EXPENDMJRE Charfl*Je •c¢l¥lll Wages Rates and wat•r Insurance Ll8ht and heat Telephone Pomage and stattomry arm System Cleanlng Garden & MislIar$ Repalrs and renewa15 96,575 4.163 8,467 34.483 1,274 818 9L037 4,493 8.126 3L819 1,818 J02 12,K15 2,414 80,947 9,492 1197 29.162 246.391 182,455 Total re50wce5 expended 246,391 182,455 N•tln¢om• 57.765 84,651