HALESWORTH UNAPPROPRIATED ESTATE CHARITY CHARITY NUMBER 214500 STATEMENT OF ACCOUNTS For the year ended 31 December 2024 HALESWORTH UNAPPROPRIATED ESTATE CHARITY ESTABLISHED BY DEED CHARITY NUMBER 214500 Registered Add￿$5- Hill Farm Blyford Halesworth Suffolk IP19 9JT Trustees: Mr P Widdowson Mrs R Lewis Mrs K Auslin Mr J Busby Mrs A Dunning Ms E J Moseley DrA B Abbott Dr D Morley {Resigned P October 2024) {Resigned 1st July 20241 {Appoinled 23NJ July 2024) {Appoinled 5th November 20241 Clerk to the Twstees: Mrs J Staveley-Dick Bank". Barclays Bank plc Independent Examiners: Ensors Chartered Accountants Blyth House Rendham Road Saxmundham Suffolk IP17 1WA Solicitors: Norton Peskott Solicitors 52 Thoroughfare Halesworth Surveyors: Durrants Chartered Surveyors 10 New MaTkel, Beccles 12 Thoroughfare, Halesworth ALESWORTH UNAPPROPRIATED ESTATE CHARI STATEMENT OF ACCOUNTS For the èar ended 31 December 2024 INDEX Pag8 Trustees. Report Independent Examiners. Report ststemenl of Financial Activities Balance Sheet Notes to the Accounts ALESWORTH UNAPPROPRIATED ESTATE CHARITY ESTABLISHED BY DEED CHARITY NUMBER 214500 TR TEE REP RT For the earended 31 December 2024 Governin Document The scheme was sealed on 29 January 1901 and varied by the Charity Commisslon on 30 January 1953. T ustees The trustees who served th8 charity during the year were as follows.. Mr P Widdowson Mrs R Lewis Mrs K Austin Mr J Busby Mrs A Dunning Ms E J Moseley Dr A B Abbott Dr D Morley (Resigned 7th October 2024) (Resigned 1 Si July 20241 {Appointed 23rd July 2024) (Appointed 51h November 2024) The Irustees are appointed by the Parochial Church Council of Sl Mary's Church Halesworth and Hale5WQrth Town Council, Aims and Ob'ectives 1. The Charit￿8 main objective is to provide one third of its net income to the Ecclesiastical Charity in the parish of Halesworth. 2. To manage an old almshouse building lo provide addilional income. 3. To pay for ceriain expenditure ft)r the benefit of the parish church. Activities and Financial Review During the year. the charity continued to collect rent from the old almshouses that it owns. This income totslled £9.476 {2023: £9,256). The charity retained its investments in COIF funds and high interest deposit accounts. This income totalled £18.895 (2023: £18,067). The eX￿$S of thè charity's reSoU￿eS for the year in tho general fund were £20,18312023.' £17,831) Of Ihis £6.727 12023.. £5,877) was given to Ihè Ecclesiastical Charity in the parish of Halesworth. The Charlty has also rnet parish church expendlture In the year of £4.71312023: 2,341 }. ALESWORTH UNAPPROPRIATED ESTATE CHARITY ESTABLISHED BY DEED CHARITY NUMBER 214500 TRUSTEES REPORT CONTINUED For the earended 31 Dec&mb8r 2024 The Property Repair Fund is held to meet thè anticipated cost of roof repairs. which the structural engineers have indicated will be in the region of £90.000. 11 is the trustees. intention to continue to increase the Property Fund annually to meet this requirement. It has been agreed by the trustees. that this yearfs increase to this fund will be £40,000. eserves Poli The charity holds Ihree reserves, Ihese are.. Endowment fund- this fund represents Ihe investment in the almshouses and COIF funds. Propety repair fund - this fund is used for the upkeep of the almshouses. General fund this is the charity's unrestricted fund which is used to meel the charities second and third objectives referred to above. Mana ement The trustees have reviewed the risks lo which the charity is exposed and are satisfied the systems in place are sufficient and robust so as lo manage and mitigale exposure to those risks. Statement of Trusteès. Res onsibililiès Charity Law requires the Trustees to prepare Financial Statements for each financial year which give a Irue and fair view to the slate of affairs of the Gharity and of its financial activities for Ihat period. In preparing ihose Financial Slatemenls Ihe Trustees are required to: a) select suitable accoUn￿ng policles and then apply them conslstently: b) make judgements and estimates thal are reasonable and prudent; state whelher the policies adopted are in accordan￿ with the Statement of Recommended Pra¢li¢e'. and d) prepare the Financial Statements on the going concem basis unless it is inapproprtate to assume that the charity will continue in operation. This report was approved by the Trustees on . by.. and signed on ils behalf Trustee Trustee INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF HALESWORTH UNAPP OPRIATED ESTATE CHAR rth earended 31 De ember 2 report to the trustees on my examination of th8 accounts of the Halesworth Unapproprialed Estate Charity Trusl for the year ended 31 De¢ember 2024. Responslblllties and basls (rf report As the trustees of th8 charity you are responsible for the preparation of the accounts in accordance with the Charities Act 2011 {Ihe Act'l. I report in respect of my examination of the charity's accounts carried out under section 145 of Ihe 2011 Act and in carrying out my examin81ion I have followed all the applicable Directions given by the Charily Commission under section 145(5}Ib} of the Act. Independent examiner's slatement I have completed my examination. I confirm that no malèrial mallers have come to my attention in connection with the examination which glves me cause to believe that in any material respect.. accounling records were not kept in accordance with section 130 of th8 Act., or the accounts did not accord with those rewrds; or the accounts did not comply wilh Ihe applicable accounting requirements concerning the form and conlents of accounts set out in the Charilies (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and falrf vlew whlch Is not a matter considered as part of an independent examlnalion. I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in Ihis report in order to enable a proper understanding of the accounts to be reached. Carl Page FCCA Ensors Accountants LLP Member of the Institute of Chartered Accountants in England and Wales B1￿h House Rendham Road Saxmundham Suffolk IP17 1WA Dated: HALESWORTH UNAPPROPRIATED ESTATE CHARITY srATEMETr￿ OF FINANaAL ACTIVITIES For the year ended 31 December 2024 Unrestricted Funds Property Repalr Fund Total Funds 2023 General Fund Endowment Fund Funds 2024 Note Income and endowments from: Charltable Activities Investments 9.476 18,895 9,476 18,895 9.256 18.067 Total 28,371 28,371 27,323 Expenditure on: Charitable activities Investment management costs Management and administration 4,586 3,602 2,209 6,795 3,602 12,591 3,353 Total 8.188 2,209 10,397 15,944 Net Income (expenditure) 20.183 12.2091 17.974 11,379 Change in ￿sourCes- being surplus to be shared with Eccleslastical Charity (Clause 4} Ecclesiastical Charity1113rdl 6,727 6,727 5,877 Parish Churth Expenditure Clause 281 4,713 4,713 2,341 Net incoming resources before other galns and losses .743 12.2091 6,534 3,161 Transfer of lunds 140.0001 40,000 Galn/llosses> on Investment a55et5 12,480 12,480 47,204 Net movement in funds 131,2571 37,791 12,480 19,014 50,365 Total funds brought forward 127.249 32,894 630,439 790,582 740,217 Totsl funds carrled forward 95.992 70,685 642,919 809,596 790,582 HALESWORTH UNAPPROPRIATED ESTATE CHARITY BALANCE SHEET As at 31 December 2024 Note 2024 2023 Flxed Assets Freehold property Investments 78,000 564,919 78,000 552.439 642,919 630,439 Current Assets Bank- current Bank- deposit Ipswlch Bullding soclety account Teachers Buildlng Society account Debtors and prepayments 39,695 24,085 89,776 20.000 436 45,381 13,841 86,963 20.000 423 173,992 166,608 Current Uabilitie5 Ecclesiastical charity Sundry creditors 6,727 588 5.877 588 7,315 6.465 Net Current Assets 166,677 160.143 Net Assets 809,596 790,582 HALESWORTH UNAPPROPRIATED EsfATE CHARITY BALANCE SHEET Icontlnuedl As at 31 December 2024 2024 2023 Funds of the Charity Unrestricted Funds General Fund Property Repair Fund Endowment Fund 95,992 70,685 642,919 127,249 32,894 630,439 809,596 790,582 Approved on behalf of the Board of Trustees on......... .. Trustee Trustee HALESWORTH UNAPPROPRIATED ESTATE CHARITY NOTES TO THE ACCOUNTS For the year ended 31 December 2024 l. Accountin8 Policies Basls of preparatlon The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwlse stated In the relevant note to these accounts. The financial ststement5 have been prepared irb accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice and in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland IFRS1021 issued on 16 July 2014 and the Financial Reporting Standard5 applicable in the United Kingdom and Republic of Ireland IFR51021 and the Charities Act 2011. The charlty constltutes a public benefit entity as deflned by FRS 102. The assessfflent of the Tru5tee5 Is that the charity15 a going concern. In preparing the accounts the Trustees have considered whether In applying the accounting policie5 required by the Charities SORP FRS 102 a restatement of comparatlve items was needed. No restatements were required. Income All Incoming resources are Included on the Statement of Financial Activities when the charity has sufficient certainty that receipt of the income Is probable and the amount can be measured reliably. Income from Investments and from rental income is included on an accrual basis for the period which the income relates. Expenditure Expenditure is recoEnised once there is a legal or constructive obligation to make a payment to a third party. It has been cl?55ified under headings that aggregate all costs related to that category. Where costs cannot be directly attributed to particular headings they have beerb allocated orb a basis consistent with the use of resources. The charity is not registered for VAT and accordingly expenditure is shown gross of irrecoverable VAT. Grants offered subject to conditions which have not been met at the year end date are noted as commitment but not accrued as expenditure. Investment5 held are revalued at the 8alan¢e Sheet date and the 8aifb or loss taken to the Statement of Flnanclal Actlvltles. 2. Freehold Property Freehold property comprising the Old Almshouses at Halesworth was last valued at £78,000. HALESWORTH UNAPPROPRIATED ESTATE CHARITY NOTESTOTHEACCOUNTS Icontinuedl For the year ended 31 December 2024 3. Investments 2024 2023 Market value at l January 2024 552,439 505.235 Movement In valuatlon 12.480 47.204 Market value at 31 December 2024 564.919 552,439 4. Income from charltable actlvitles Property repalr fund Property repair fund General fund General fund Rent 9,476 9.256 9,476 9.256 5. Charitsble activltles- Investment management Costs Insurance Repairs and decoration Professlonal fees Pest control 2,555 1,248 360 423 4.555 1,373 1,200 1,009 6.252 411 4,586 2,209 6.339 6.252 6. Charltable actlvltles- management and admlnstratlon costs Clerks fees Accountancy fees Photocopying and postage costs 2.750 816 36 2.750 588 Is 3,602 3.353 7. Parish Church Expenditure Electricity Clock repairs Insurance {1131 2,448 2,378 66 2,275 4.713 2.341