## **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**
- 1 - 2 Trustees' Annual Report
- 3 Independent Examiner's Report
- 4 Receipts and Payments Account - Surfleet Saltmarsh Allotments
- 5 Receipts and Payments Account - Joseph Burton Charity
- 6 Statement of Assets and Liabilities
- 7 - 9 Notes to the Accounts
**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.
- a) Basis of preparation of financial statements.
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.
- **2 The Charity of The Surfleet Saltmarsh Allotment - Non-monetary assets**
|**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