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2020-12-31-accounts

SURFLEET UNITED CHARITIES

incorporating

THE CHARITY OF THE SURFLEET SALTMARSH ALLOTMENTS

CHARITY COMMISSION REGISTERED NO. 215260

FINANCIAL STATEMENTS

for the year ended 31 December 2020

SURFLEET UNITED CHARITIES

Annual Report

for the year ended 31 December 2020

INDEX

SURFLEET UNITED CHARITIES

Trustees' Annual Report

for the year ended 31 December 2020

The Surfleet United Charities are constituted by a Charity Commission scheme and includes the registered charity, no. 215260. The Charities contained within include The Charity of Joseph Burton, The Charity of Samuel Elsdale, The Charity known as the Poor's Land and the Charity known as Surfleet Saltmarsh Allotments. The registered Charity address is 2 Farthing Close, Boston, Lincs. PE21 7LY.

Co-operative Trustees (Nominated by other trustees)

Chairman - Simon Harrison, Field House, Little Lane, Surfleet Cheal, Surfleet, Spalding, Lincs. PE11 4AZ Vice Chairman - John Allen, Minninglow House, Glenside South, Pinchbeck, Spalding, Lincs. PE11 3SA Simon Brand, 11 Station Road, Surfleet, Spalding, PE11 4DA (appointed 1 January 2020) Simon Dobney, Brambles, Cuckoo Lane, Surfleet, Spalding, Lincs. PE11 4AW (resigned 31 December 2019)

Nominative Trustees (Nominated by Parish Council)

Glynn Waltham, 89 Seas End Road, Surfleet, Spalding, Lincs. PE11 4DQ Mike Chapman, 17 Station Road, Surfleet, Spalding, Lincs. PE11 4DA Alan Tokley, 39 Station Road, Surfleet, Spalding, PE11 4DB (appointed 4 November 2020) Bryan Templeman, Fairview, Newlands Road, Surfleet, Spalding, Lincs. PE11 4DT (resigned 9 September 2020)

Other assisting bodies

Mrs L Barlow - Clerk (Paid), 2 Farthing Close, Boston, Lincs. PE21 7LY Lloyds Bank Plc, Market Place, Spalding, Lincs. PE11 1SF Moore Thompson Chartered Accountants, Bank House, Broad Street, Spalding, Lincs. PE11 1TB Maples Solicitors, 23 New Road, Spalding, Lincs. PE11 1DH R Longstaff & Co., Professional advisers, 5 New Road, Spalding, Lincs. PE11 1BS Roythornes Solicitors, Enterprise Way, Spalding, Lincs. PE11 3YR

Objectives, achievements and financial review

The objective of the Charities known as Samuel Elsdale, Joseph Burton and the Poor's Land is to apply seven eighths of any income generated after defraying any incurred expenses towards the benefit of the aged and poor associated with the ancient Parish of Surfleet. This usually takes the form of Gifts at the discretion of the trustees. During the year ended 31 December 2020, £2,510 was gifted. The first one eighth is paid to the vicar and churchwardens of the Ecclesiastical Parish of Surfleet St. Lawrence for the purchase of Old and New Testaments and other religious books to be distributed among the poor inhabitants of the area of the ancient Parish of Surfleet.

The Trustees shall apply the yearly income of the Charity known as the Salt Marsh Allotment in supplementing relief or assistance provided out of public funds.

At 31 December 2020, the bank accounts and investments totalled £415,556 of which investments of £155,000 have been earmarked for a Marsh Farmhouse Building Fund and property improvements.

Public benefit

Risk management

The trustees have assessed the major risks to which the charity is exposed, in particular those related to the management of its investments and finances and are satisfied that the systems in place sufficiently manage its exposure to these risks. The trustees have also developed strong working relationships with assisting bodies who are able to provide professional advice when required.

Page 1

SURFLEET UNITED CHARITIES

Trustees' Annual Report (continued)

for the year ended 31 December 2020

Covid-19 and going concern

The Trustees have taken notice of the Charity Commission guidance in respect of Covid 19 and have amended their operating procedures where appropriate. Charity management matters are now being dealt with online or by phone.

In the opinion of the trustees the impact of Covid-19 will have material impact on the going conern status of the charity long term. It may have an impact of investemnt valuations but it is not expected to be a long term negative impact.

Simon Harrison , Chairman

On behalf of the Trustees.

Date: 25 May 2021

Page 2

Independent Examiner's Report to the Trustees of SURFLEET UNITED CHARITIES

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2020.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirement of the Charities Act 2011 ('the Act').

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

K. J. Maggs F.C.A.,B.A. Moore Thompson Chartered Accountants

Dated: 26 May 2021

Page 3

SURFLEET UNITED CHARITIES

Receipts and Payments Account

for the year ended 31 December 2020

Note
SURFLEET SALTMARSH ALLOTMENTS
Receipts
Land rent
2
Receipts
Investment income
Deposit interest
Wayleave
Clerk Administration Fees
Receipt from Insurance
Total Receipts
Direct Payments
Maintenance of property
Insurance premiums
Drainage rates and costs
Surfleet Parish Council
Clerk's salary
Office and sundry expenses
Room hire
Independent examiner's fee
Legal and professional
Trustees' insurance
Purchase of land - Marsh Drove
Total Payments
(Excess payments) / excess receipts for the year
Bank balances at 1 January 2020
Bank balances at 31 December 2020		 £
£
52,847
1,683
11
657
1,080
-
56,278
891
1,307
-
2,198
12,000
14,198
2,160
46
450
209
366
364
137,183
140,778
154,976
(98,698)
240,534
141,836
2020		 £
£
57,918
1,652
23
1,382
1,080
1,557
63,612
836
1,174
751
2,761
12,000
14,761
1,800
392
400
198
1,004
379
-
4,173
18,934
44,678
195,856
240,534
2019		 £
£
57,918
1,652
23
1,382
1,080
1,557
63,612
836
1,174
751
2,761
12,000
14,761
1,800
392
400
198
1,004
379
-
4,173
18,934
44,678
195,856
240,534
2019
63,612
2,761
12,000
14,761
4,173
18,934
44,678
195,856
240,534

Page 4

SURFLEET UNITED CHARITIES

Receipts and Payments Account

for the year ended 31 December 2020

Notes
JOSEPH BURTON CHARITY
Receipts
Land rent:
Poorlands Charity
Receipts
Investment income
Deposit interest
Wayleave
Total Receipts
Direct Payments
Drainage rates
Insurance
Distribution to the elderly and poor of Surfleet
Indirect payments
Clerk's salary and sundry expenses
Independent examiner's fee
Trustees Insurance
Total Payments
Net cash inflow for the year
Bank balances at 1 January 2020
Bank balances at 31 December 2020		 £
£
4,957
40
1
14
5,012
(4)
-
2,510
2,506
-
209
364
573
3,079
1,933
25,046
26,979
2020		 2019
£
£
4,957
39
2
82
5,080
126
167
2,590
2,883
720
198
379
1,297
4,180
900
24,146
25,046		 2019
£
£
4,957
39
2
82
5,080
126
167
2,590
2,883
720
198
379
1,297
4,180
900
24,146
25,046
5,080
2,883
1,297
4,180
900
24,146
25,046

Page 5

SURFLEET UNITED CHARITIES

Statement of Assets and Liabilities

at 31 December 2020

SURFLEET SALTMARSH ALLOTMENTS
MONETARY ASSETS
Cash deposits
Current account
Business 30 day notice account
C.O.I.F. Charities deposit
Debtors
Rent payable - Mayfield and Palmer
MONETARY LIABILITIES
Creditors
Independent examiner's fee
NET MONETARY ASSETS
Reserves Summary
Endowment funds
General unrestricted fund
Designated fund: land management
JOSEPH BURTON CHARITY
MONETARY ASSETS
Cash deposits
Current account
Premier Interest account
Debtors
Rent payable - Mayfield and Palmer
MONETARY LIABILITIES
Creditors
Independent examiner's fee
NET MONETARY ASSETS		 Unrestricted
£
62,770
949
4,013
67,732
2,655
(212)
70,175
-
57,675
12,500
70,175
23,341
3,638
26,979
1,029
1,029
(212)
27,796		 Endowment
£
74,104
-
-
74,104
-
-
74,104
74,104
-
-
74,104
-
-
-
-
-
-		 2020
£
136,874
949
4,013
141,836
2,655
(212)
144,279
74,104
57,675
12,500
144,279
23,341
3,638
26,979
1,029
1,029
(212)
27,796		 2019
£
235,582
949
4,003
240,534
-
(208)
240,326
74,104
153,722
12,500
240,326
21,410
3,636
25,046
-
-
(208)
24,838

Non-monetary assets - see note 3

We approve these accounts and confirm that we have made available all relevant records and information for their preparation.

ON BEHALF OF SURFLEET UNITED CHARITIES

S. Harrison J. Allen

Chairman

Vice Chairman

Date: 25 May 2021

Page 6

SURFLEET UNITED CHARITIES

for the year ended 31 December 2020

Notes to the Accounts

1 Accounting policies

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained consistent with the previous year.

The financial statements have been prepared in accordance with the exemptions applicable under the Statement of Recommended Practice on Accounting by Charities, the Charities Act 2011 and the requirements of the Charities Commissioners publication 'Accounting for the Smaller Charity'.

b) Statement of financial activities

The statements of financial activities has been prepared on a receipts and payments basis which is a consistent basis to previous years.

c) Statement of Net Assets

The Statement of Assets shows the assets of the charity and any amounts due to or owed by the charity. The statement will not include any provisions for liabilities and charges. The trustees are of the opinion that should any significant matters arise prior to the year end, they will disclose them within the notes to the financial statements.

Land
30a.
Tenant: French / Wool Hall Investments
29a.3r.32p.
12.5a.
Grazing Land in Surfleet Marsh
Tenant: M Parker & Sons Limited
37.261a.
Land at Old Three Tuns Farm in Surfleet Marsh
Tenant: R Bratley (Quadring) Limited
9.42a.
Link Road Roundabout, Surfleet
Tenant: L & D Flowers Limited
5.4a.
Land at Belnie Meadows
Tenant: Mr & Mrs Gray
7.3a.
The Café Field, Surfleet
Tenant: L & D Flowers Limited
The Slipway, Surfleet Reservoir
Tenant: Sulman
14.282a.
Land at Old Hall Place and Herdgate Lane, Pinchbeck
Tenant: Simon Dobney (Horizon Flowers)
39a
Parsons Drove
Tenant: L & D Flowers Limited
14.16a
Marsh Drove
Tenant: K & J Palmer
Arable land with farmhouse and agricultural building in
Surfleet Marsh
Grassland in Surfleet Marsh		 2020
2019
£
£
-
4,108
13,466
13,466
1,625
2,588
13,502
13,502
3,000
3,000
750
750
1,560
1,560
100
100
5,712
5,712
13,132
13,132
-
-
52,847
57,918
Rent received		 2020
2019
£
£
-
4,108
13,466
13,466
1,625
2,588
13,502
13,502
3,000
3,000
750
750
1,560
1,560
100
100
5,712
5,712
13,132
13,132
-
-
52,847
57,918
Rent received
57,918

7

SURFLEET UNITED CHARITIES

for the year ended 31 December 2020

Notes to the Accounts (continued)

2 The Charity of The Surfleet Saltmarsh Allotment - Non-monetary assets (continued)

The freehold title of this land, except for that at Belnie Meadows, is vested in the Official Custodian of Charitable Lands.

Other Land
14.16a
Land at Marsh Drove
5.4a.
Belnie Meadows		 2020
£
137,183
28,157
165,340		 2019
£
-
28,157
28,157

During 2010, land at Belnie Lane Surfleet was purchased for a total cost of £56,315. The initial land cost and subsequent associated rental income of the land has been allocated between the three charities: Surfleet Saltmarsh Allotments, Surfleet United Charities and Surfleet Cottage Homes in proportion to ownership.

The property consisted of one concrete block and timber clad building with fenced paddock and 5.4 acres of land.

In March 2012, the Charity has purchased 8.35a of land at the Café Field, Surfleet for a total cost of £92,943 under the name of the Surfleet Saltmarsh Allotments.

Investments

C.O.I.F. Income Shares
C.O.I.F. Income Shares
Surfleet Saltmarsh Allotment Building Fund:
Charifund Unit Trust
Total Investments
Black Rock Charities UK Bond Fund Class A (Distributing)
(formerly Charishare Common Investment Fund)		 Cost
Holding
£
units
15,914
3,246.56
495
76.97
16,409
2,970
2,164.95
8,305
523.43
11,275
27,684		 Market
Value
£
54,960
1,303
56,263
44,078
146,400
190,478
246,741

8

SURFLEET UNITED CHARITIES

Notes to the Accounts (continued)

for the year ended 31 December 2020

3 Joseph Burton Charities - Non-monetary assets

Land Rent received Rent received
2020 2019
The Charity of The Poors' Land
22a.3r.34p. Gosberton Road and Marsh Road, Sufleet 3,227 3,227
let as allotments
9.75a.0r.0p. Surfleet Cheal, Surfleet Marsh Road, let to Mr. K. Palmer 1,355 1,355
5.4a. Belnie Meadows let to Mr & Mrs Gray 375 375
4,957 4,957
The freehold title of this land, except for that at Belnie Meadows, is vested in the Official Custodian of
Charitable Lands.
Other Land 2020 2019
£ £
5.4a. Belnie Meadows 14,079 14,079

During 2010, land at Belnie Lane Surfleet was purchased for a total cost of £56,315. The initial land cost and subsequent associated rental income of the land has been allocated between the three charities: Surfleet Saltmarsh Allotments, Surfleet United Charities and Surfleet Cottage Homes in proportion to ownership.

The property consisted of one concrete block and timber clad building with fenced paddock and 5.4 acres of land.

4 Statement of Assets and Liabilities Comparatives

Unrestricted Endowment
£
£
SURFLEET SALTMARSH ALLOTMENTS
MONETARY ASSETS
Cash deposits
Current account
161,478
74,104
Business 30 day notice account
949
-
C.O.I.F. Charities deposit
4,003
-
166,430
74,104
Debtors
Rent payable - Mayfield and Palmer
-
-
MONETARY LIABILITIES
Creditors
Independent examiner's fee
(212)
-
NET MONETARY ASSETS
166,218
74,104
Reserves Summary
Endowment funds
-
74,104
General unrestricted fund
153,722
-
Designated fund: land management
12,500
-
166,222
74,104		 2019
£
235,582
949
4,003
240,534
-
(208)
240,326
74,104
153,722
12,500
240,326

9