Charity number.. 220019 John Fricker's Charity of 1696 Unaudited Trustees. Report and Financial Statements For the year ended 30 September 2024 FLETCHER & PARTNERS CHARTERED ACCOUNTANTS
John Frickels Charity of 1696 Contents Page Trustees, Report Independent Examiner's Report Statement of Financlal Activities Balance Sheet Notes to thg Financlal Statemants 8-17
John FriGkerfs Charity of 1696 Trustees. Report For th¢ year ended 30 September 2024 The Trustees present their annual report together with the financial statements o* the Charily for the period 1 October 2023 10 30 September 2024. The accounts have been prepared in accordance with the aGGounting policies set out on pages e to 10 and comply wth the Charitys schemes and applicable law. Refergnce and adrninistratlve details of the Charlty, its trustees and advlsers Trustees RMV Allen RJLews MJRSnell D Speer. Chair G Steer Charity registered number 220019 Princlpal office clo Parker Bullen LLP, 45 Castle Streel, Sali$bury, WiEtshire, SP1 3SS Clerk to tho Trustees G Homer. Parker Bullen LLP Independent Examlner Fletcher & Partners, Cfown Chambers, Bridge Street, Salisbury, Willshir8. SP1 212 Bankers and Investment Managers CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4JQ Gore Brown Investment ManagemenL Chequers Court, 37 Brown Streel. Salisbury, Willshife, SP12AS Soli¢itors Patker Bullen LLP, 45 Castle Street, Salisbury, Willshire, SP13SS Structure, governance and management Constitution The Charity wa5 established by the Will of John Fricker dated 19 October 1696 and proved on 16th April 1701. The Gharity was regisler&d with the Commission for England and Walès on 29 January 1964, ils registered number is 220019. A new Scheme. dated 28 February 2012, was registered with the Charity Commission, lo change the name and objèct of the charity and lo transfer lille of the land lo the Official Custodian for Charities. The chaTity Continues to be administered in aOrdanCe w((h ils existing trusts except as amended by the new Scheme. There have been no changes in the objectives since the last annual report. Page 1
Johrk Fri¢ker'$ Charity of 1696 Trustees, Report Icontinuedl For the year ended 30 September 2024 Structure, govern3n¢e and management Icontinuedl b. Methods of appointment or eloctlon of Trustees The original trustees were appointed under the Will of John Fricker. The Will provided for the trustees named therein and their heirs and assigns. The current trustees a individuals with a thorough knowledge of the Sslisbury area and are from business backgrounds within the city of Salisbury. The Iruslees are selected using a recrLtitmenl process considering their knowledge of historical buildings andlDr the local Salisbury areas, ils businesses and churches. c. Organisational Structure and declslon-maklng policles The Will of John Fricker does not specifi¢alty identify the number of trustees require lo administer the ¢harily and therefore the appropriate stalules, suth as the Trustees Act. are adopted. The day to day management of the charity is conducted by the chairrnan. However, any specific decision making qUIT&s a Iruslees meeting lo be held. Sub-committees of Iruslees are formed where specrfic issues need lo bè dealt with. As to the number ot the sub-¢ommrtiee, this is decided by the trustees after due consideration of the task at hand. Objective5 and activities a. Pollcies and objectives UndeT the will, the property, now known as number 8 Queen Street, Salisbury was left to the trustees upon trust originally to pay lor the sUPPOrt of twelve matrons in Trinity Hospital at 51- each per year, with the remainder of the income being payable lo the rectors of the Salisbury Parishes of Sl Edmund and Sl Martin. Responsibility for the distribution of the funds received by the two parishes rested with the respe¢live re¢lors. Under the new Scheme, after rneeling the proper cosls of administering the charity (including the propetyl. the trustees are directed to divide the income into three equal parts. one third of which is to be paid to the trustees of Trinity Hospital Inow part of Salisbury City Almshouse and Welfare Charities) lo be applied for such charitable purposes for the benefit of the residents of Trinty Almshouse5, Trinity Street, Salisbury as th? Iru51ees of that charity decide. The remaining bNO tranches are lo be paid to th8 Vicar, Rector or Priest in ¢harge of the ecclesiastical parish including the sile of the fotmer church of St Edmund, Salisbury (now part of Sl Thomas and St Edmundl and the Vi¢ar. Rèctor or Priest in char9e of the ecclesiastical parish including the site of the Church of Sl Martin. Salisbury (which includes part of Sl Francis and St Mark) lo be applied ftrr lief in need in accordance with the Scheme. In setting objectives and planning for activities. the Trustees have 9iven due consideration to genèral guidance published by the Charity Commission relating lo public benefit. including the guidance 'Public benefit.. running a charty IP821'. Page 2
John Fricker's Charlty of 1696 Trustees, Report Icontinuedl For the year ended 30 September 2024 objectives and activities Icontlnuedl b. Strategies for achieving objectives The trustees manage the property from whi¢h the rental income is derived. In October each year, the trustees approvè the p3ymenls lo be made for the year from the income received after the deduction of expenses and any transfer lo the Repairs Reserve. The property was let throughout the year to the Same lenanl and there was no void period in that time. The Tnjslees remain conceined about the slate of repair of the building and have Sought specialisl advice 8¥ 10 the Eosl of necessary remedial works which significantly exceed the level of funds in the Designated Repairs Reserve.The Trustees continue lo have a cautious approach making grant payments lo beneficiaries to ensure that reserves a built to match the level of outstanding wDrk potentially required on the building. The Trustees have received notice that the tenant will be ending their tenancy in November 2024 and therefore the Trustees remain cautious on the level of charstable dislribulions until repairs lo the building are complete and a new lenanl is found. A total of £12.000 of charitable grants We awarded lo the Rectors of "St Thomss and St Edmund" and Sl Martin and to the Salisbury City Alrnshouse and Welfare Charities {2023 £12.0001. Main aGtivities undertaken to further the Charity's purposes for the public benefit The trustees Confirm that they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in 8xar¢ising their power5 or duties. Income paid lo the parishes for Trlief in need musl be applied for the relief Ifor the benefit of the publicl of people who are in need by Moans of financial hardship and resident in the area of benefit. Achievements and performance a. Key performance Indicators The financial statements have been slated using the accruals basis. The Charitys lolal income for the year was £38,668 12023". £35,683) including rent and insurance re¢eivable of £33,239 {2023.. £31,614), investment income £3,947 12023.. £1,7141 and interest on cash deposits of £1.482 (2023.. £2.3551- The expendituTe for Ihe year was £23,960 12023. £21.6151. The trustees transferred £14,704 (2023.. £14,068} into the designated fund which is invested for future maintenance costs to the upkeep of the property. Overall, the value of the investments and investment propety increased by £4,723 12023". decreased by £51,084). Overall, Iherefora. the Charity's resources increased by £19,431 12023.. decreased by £37,016) during the year. The Charity had net assets of £523,065 al the end of the year, including investments of £150,622 and investment property valued at £350,000. b. Investment policy and performance The designated funds ar8 invested to produce an income for the Charity, whilst al the same time ensuring there are funds put lo one side towards any future costs of the upkeep of the pioperty. Page 3
John Fricker's Charity of 1696 Trustees, Report (continued) For the year ended 30 September 2024 Financial review . Going concem After making appropriate enquiries, the Trustees have a reasonable expectation that thg Charty has adequate resources lo Gontinue in operational existence for the foreseeable f¥Jlure. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details régarding the adoption of Ihe going concern basis can be found in Ihfr accounting policies. b. Reserves policy The trustees endeavour to meet their obligations lo maintain the property by earmarking fvnds in a separate designated Teserve for this purpose. The amount of the fund as at 30 September 2Q24 is £153,061 12023., £133,6341- Any balance on the general fund is so that the Iruslees would be able to meet the compliance and adminisliation costs of operalirsg the trust during 8 void period, for instance rfthe tenant defaulted or the property was not let. ¢. Finan¢7al risk management objoctlvos and policies The trustees have identified the risks associated with propety and investment ownership and they adupl policies lo minimise these risks. Statement of Trustees, responsibilities The Tnjslees are responsible for preparing the Trustees. Report and thè f n8ncial statements in accordance with applicable law and United Kingdom Accounting Slandarc6s (United Kingdom Generally Accepted Aecounling Practice). The law applicable to charities in England & Wales qUIreS the Trustees lo prepare financial statements for each financial year which give a true and fair vièw of the state of affairs of the Charity and of tts incoming resources and application of resources. in¢luding ils income and expenditure, for that period. In preparing these financial statements, the Trustees are required lo: seled suitsblè a¢¢ounling policies and then apply them Ggnsislenlly., observe the methods and principles of the Charities SORP IFRS 1021", make judgements and accounting estimates that are reasonable and prudent., slate whether applicable UK Accounting Standards IFRS 102} have been followed. subject to any material departures disclosed and explained in the financial statements. prepare the financial statements on the going coneem basis unless il is inappropllate to presume th81 the Charty will continuo in business. The Trustees are responsible for keeping adequate accounting cOrdS that are sufficient to show and explain the Charitls transactions and dis¢lose with reasonable accuracy al any lime the financial position of the Charity and enable them lo ensure that the financial statements comply with the Charities Act 2011, the Charity IAcGoun¢s and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and si9ned on their behalf by.. D Speer Chairman Date.. 28 Oclobpr 2024 Page 4
John Fricker's Charity of 1696 Independent Examiner's Report Forthe yearended 30 Septsmber2024 Independent Examiner's Report to the Trustees of John Fricker's Charity of 1696 I'the Charity'l report lo the charity Trustees on my ¢xaminalion ol the aecoLtnls of the Charity for the year ended 30 Seplember2024. This report is made solely lo the Charitrf5 Trustees. as a bojy, in accordanee with Part 4 of the Charities IAcGounts and Reports) Re9ulalions 20Q18. My work has been undertaken so that I might slate to the Charity's Tru51ees those mallers l am required lo slate lo Ihern in an Independent Examinerfs Report and for no other PUTpose. To the fullest exlent permitted by law. I do not accept or assume responsibility lo anyone other than the ChalY and the Charity's Trustees as a body, for my work or for this report. Responsibilities and Basis of Report As the Trustees of the Charty you are spOnsIble for the preparation of Ihe accounts in accordance with th8 requiiements of the Charities Act 20111'lhe 2011 Acl'l. I rBport in respect of my examination of the Charivs accounts carried out under section 145 of the 2011 and in carrying out my examination I have followed the applicable Directions 9iven by the Charity Commission under section 14515llbl of the 2011 Act_ Independent Examinèrfs Statèment Your attention is drawn lo the fa¢1 that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities.. Ststemenl Df Recommended Practice applicable lo charitses preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 in preference lo the Accounting and Reporting by Charities". Statement of RecLimmended Pra¢tice issued on 1 April 2005 which is refeTred lo in the extant regulations bul has been wthdrawn. l understand th* this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounb"ng Practice effective for reporting periods beginning on or after 1 January 2015. I have compleled my examination. I confirm that no matter9 have ¢ome lo my attention in connection with the examination giving me cause to believe that in any materi81 respect.. accounting records were not kept in Tespect of the Charity as required by section 13D of the 2011 Act", tsr "the accounts do not accord with those records.. or the accounts do not ¢omply with the applicable reqU1MentS concerning the form and content of accounts set out in the Charf(ies IAccDunts and Reportsl Regulations 2008 other than any requirement that the accounts give a twe and fair, view which is not 8 matter considered as part of an independent examination. I have no concerns and have ¢ome a¢ross no other matters in ccjnneclion wtth the examination lo which attention should be drawn in this report in order to enable a proper understanding ol the accounts to be reached. Signed". Mr Getsffrey Thomas FCA Fletcher & Partngrs Chartered Accountants Crown Chambers Bridge Street Salisbury Wiltshire SP12LZ D8led.' 28 OGlober 2024 Page 5
John Frick&rfs Charlty of 1696 ststement of financial a¢tivities For the year ended 30 Septemtjer 2024 Unrestrict fund5 2024 Endowment funds 2024 Total funds 2024 Total nds 2023 Note Income and endowments from: Inve51rnents 38,668 38,868 35,683 Total in¢ome and endowments 38,668 38.668 35,683 Expenditure on: Raising funds Charitable activities 1,666 22,294 1,866 22.294 21.431 Total expenditure 23.960 23,980 21,815 Nat income bèfore net gainslllossesl on Invgstments Nel gainslllosse51 on investments 14,708 4,723 14.708 4,723 14,068 151.0841 Net movement in funds 19,431 19,431 137.0161 Rgcon¢lllation of funds: Total fltnds brought folward Net movement in funds 153,634 19,431 350,000 503.634 19,431 540.65D {37.0161 Total funds carried forward 173.065 350.000 523.065 503,634 The Slalemenl of Financial Activities includes all gains and losses recognised the year. The notes on pages 8 10 17 form part of these financial slatemenls. P8ge 6
John Frl¢ker's Charity of 1696 Balancè Sheet As at 30 September 2024 2024 2023 Noto Fixed assets Investments Investment propety 150,622 350,000 97.853 350,UOO 10 500,622 447,853 Current assets Debtors Cash al bank and in hand 12 2,493 28,642 1.075 63,493 31,135 64,568 Creditors.. amounts falling due within one year 13 (8,6921 18,7871 Net Current assets 22,443 55.781 Total assets less curront liabilitles 523.065 503,634 Total net assets 523.L165 503,634 Charity funds Endowment funds Unrestricted funds 14 350,000 173.085 350,000 153,634 14 Total funds 523,065 503.634 The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. peer Chairman Date.. 28 October 2024 The notes on pages 8 10 17 lorm part of these financial statements. Page 7
John Frickgr's Charity of 1696 Notes to the Financial Statements For the year $nded 30 S&pt9mber 2024 General information John Frickerfs Charity of 1696 is a charity registered with the Charty Commission in England and Wales with the registered number 220019. The contact addres5 is clo Parker Bullen LLP, 45 Caslle Street, Salisbury, Willshire, SP13SS. Accounting policie5 2.1 Basls of preparation of financial statements The financial statements have been prepared ir* accordance with the Charities SORP IFRS 102) Accounling and Reporting by Charities.. Slalemenl of Re¢ommended Practice applicable to charities preparing their accounts in a¢cordan¢e wilh the Financial Reporting Standard appliGable in the UK and Republic of Ireland (FRS 1021 leffeclive 1 January 20191, the Finanei81 Reporting Standard applicable in the UK and Republic of Iretand IFRS 1021 and the Charities Act 2011. The financial statements have been prepared lo give a 'true and fail view and have departed from the Charities (Accounts and Reportsl Regulations 2008 lo the extent required to provide a true and faiv view. This departure has involved following the Charities SORP IFRS 1021 published in October 2019 rather than the Accounting and Reportiny by Charrties.. Statement of Reeommended Pracli¢e effective from 1 April 2005 which has since been withdrawn. John Frickerfs Charity of 1696 meets the deflnition of a public benefil entity under FRS 102. Assets and Itabilities are initially recognised al histolical cost or transaction value unless oth8rwis8 staled in the ralevant accounting policy. 2.2 Going concern The financial statements of the Charity are pPared on a going wncern basis as there are no material unrtaiNlieS as lo the Charivs ability to continue. 2.3 Income All income is recognised once the ChBrity has entillemenl lo the income, rf( is probable that the income will be received and the amgunt of income receivable can be measured reliably. Investmerit income 15 included in the aGwunls when il becomes due and payable. Rental income from the endowed let property is unreslricled and rePSentS the rentals receivable for the year from land and inveslrnent properties. Insurance income is the ¢harge for insuring the propety and the charge lo the Charity is included in support costs. Income tax recoverable in relation lo investment ineome is reGo9nised at the time the investment income is ie¢eivable. Other income is recognised in the peri¢xl in which il is re¢eivable and lo the extent the services have been provided or ¢ompleted. Page 8
John Fri¢k¢r's Charity of1696 Notes to the Financial Statements For the year ended 30 September 2024 Accounting policies leontinuedl 2.4 Expenditur6 Expenditure is recognised once there is a legal or conslruclive obligation to transfer economic benefit to a third party, il is probable that ¥ transfer of economi¢ benefits will be required in settlement and the amount of the obligation can be measured reliabty. Expendiluie is classified by activity. The costs of each aGtivity are made up of the total of direct costs and shared Costs, ineluding support costs invofved in undertaking each actiirity. Direct costs attributable lo a single activity are allocated directly to that activity. Shared costs whi¢h Contribute lo more than one activity and support costs which are not attributable to a single aclivty are apportioned between Ihose activities on a basis consislenl with the use of reSoUes. Support costs are those ¢osts incurred directly in 5UPPOrt of expenditure on the objects ol the charily. Governance ¢osls are those incurred in connecliori with the adminisliation of the charity and compliance with conslrf(ulional and stalulory reqLtirements. Expenditure or¢ raising funds includes all expenditure incurred by the Charity to raise funds for its harilable purposes and includes costs tsf all fundraising activities events and non-¢haritable trading. Expenditure on charitable activities is incurred on directly undertaking the actsvittes which further the Charity's objectives, as well as any associated support costs. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being re¢ognised as expenditure when the conditions attaching are fulfilled. Charitable distributions offe¥ed subject to condilions which have not been met al the year end are noted as a commitment, but not accrued 8$ expenditure. 2.5 Interest reGeivable Interest on funds held on deposit is induded when receivable and the amount can be measLJred reliably by the Charity., this is normally upon notification of the inletest paid or payable by the institution with whom the ftjnds are deposited. 2.6 Investments Fixed a55el investments a 8 form of financial instrument and are initially recognssed al their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured al cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as 'CaiE)sllLossesl on investments. in the Slalement of Financial Aclivilies. Investmenl properties are included in the Balance Sheet at their open rnarkel value in accordance wtth the Charities SORP IFRS1021 and are not depreciated. 2.7 Operating leases Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the lease teim. 2.8 Debtors Debtors are measured at the amounts the charity anticipates il will receive from 8 debt or the amount il has paid in advance for goods or services. 2.9 Cash at bank and in hand Cash al bank and in hand includes cash and cash on depgsil. Page 9
John Fricker's Charity of 1696 Notes to the Financial Statements For the year ended 30 September 2024 Accounting policies IGontinued} 2.10 L5abllltles and provisions Liabilitie5 are recognised at the amount that the Charity anljcipales il will pay lo settle the debt or the amount il has received as advanced payments for the goods or services Il must provide. 2.11 Financial instruments The Charity only h89 financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial Instruments are inrtially recognised al transaction value and subsequently measured al their settlement valu&. 2,12 Fund accounting General lurtds are unreslricled funds which are available for use al the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that h8ve been set asidè by the Trustees for particular purposes. The aim and use of each designated fund is sel out the notes to the financial ststemenls. Investment income, gains and losses are allocated to the appropriate fund. Endowment fLtnds are permanent trusts whose incom@ is int6nded for the benerrt of the chaiily and is unrestricted. 2.13 Judgements Thg most significsnt area of judgement and key assumptions that affect items in the a¢counls is in respect of the inclusion of the rental income for the year. Investment income Unrestricted nds 2024 Total funds 2024 Total funds 2023 Rents and insurance receivable Investment income Interest on cash deposit$ 33.239 3.947 1,482 33,239 3.947 1,482 31.614 1,714 2,355 Total 38.668 38.668 35,683 Page10
John Fri¢k•r's Charlty of 1696 Notes to the Financial Statements For the year ended 30 September 2024 Support and governance costs 2024 2023 Property insurance Trustees insurance Accountancy Independent Examination fee Secretarial fees Propety exponses lees Bank ch8rg$s 3,229 1.075 1.840 90J 2,795 35LI 95 2,717 1.075 2,060 760 2,750 69 Total 10,294 9,431 All support and governan¢e costs in 2024 and 2023 were from unreslriGled funds. Total support costs during the year were £5,52412023.. £4,846> and totsl governance costs £4,77012023. £4,585). Employee infomiation The Charily has no employees other than the Trustees, who did not receive any remuneration in 2024 or 2023. and there are no employees who received employee benefits of more Ihan £60.1100. Investment management costs Unrestricted funds 2024 Total funds 2024 Totsl funds 2023 Investment management fees 1.666 1.666 Page11
John Fricker's Charity of 1696 Notes to the Financial Statements For the yoar ènded 30 Sgptembor 2024 Analysls of grants Grants to Institutions 2024 Tokl funds 2024 Grants, Charitable grants lo inslilulions 12,000 12,000 Grants to Inslilulions 2023 Total funds 2023 Grants. Charil8ble gr8nts to institutions 12,000 12,000 Analysis of charitablè èxpenditure Unrestricted funds 2024 Total funds 2024 Grants to institutions Support and govemance costs 12,000 10,294 ff 2,QOO 10,294 Total 2024 22,294 22,294 Unrestricted funds 2023 Total funLIs 2023 Grant$ 19 institutions Support and 9ov¢rnance costs 12.000 9.431 12.000 9,431 Total 2023 21.431 21.431 Trustees. remuneration and expenses During the year, no Trustees received any remuneralioft or other benefils12023 - £NIL}. During the year ended 30 September 2024. no Truste¢ expenses have been incurred12023 - £NILI. Pag8 12
John Frfckerfs Charlty of 1696 Notes to the Financial Statemeftts For the year ended 30 Sèptember 2024 10. Investment property Freehold inveslrnent property Valuation At 1 October 2023 350,000 At 30 September 2024 350,000 The freehold property now known as 8 Queen Street, Salisbury, was bequeathed in the w*ll of John Fricker, proved in 1701, when the charity was estsblished. Thus no cost of the asset has been rècorded. After due consideration, the Tfustees consider the fair valuè of the property lo be £350,000. The property is currently valued at £4.459,45512023' £4.459,4551 foT insurance Purposes. The investment property 15 a permanent endowment of the Charity. No depreciation has been charged on the property as il is held a5 an investment and is expeded to have an indefinite useful lrfe. 11. FIx9d asset investments Listed investments Cost or valuatlon Al l October 2023 Additions Disposals Revaluations 97,853 101,480 153,2731 4,582 At 30 September 2024 150.622 Net book Value AI 30 September 2024 150,622 At 30 September 2023 97,853 All the frxed asset inveslrTJents are held in the UK. Valuation The investments are held in an iTrveslmenl portfolio managed by Gore Brown Investment Management and until sold in the year.a common investment fLtnd in Bla¢kRock Charities UK Bond Fund. All investments are carried at lair value. Investments are valued are al bid price al 30 September 2024. Pa9e 13
John Fricker's Charlty of 1698 Notes to the Financial Statements For the y¢ar ended 30 September 2024 12. Debtors 2C124 2023 Due wilhin one year Prepayments and accru income 2,493 1,075 2,493 1,075 13. Creditors.. Amounts falling due within one year 2024 2023 Olher taxation and social securty Accruals arbd defefred income 1,365 7,327 1,500 7,287 8,692 8,787 2024 2023 Deferrtd income at 1 O¢tober 2023 Resources deferred during the year Arnounls released from previous period5 2.992 3,167 12,9921 2,448 2,992 12,448) 3,167 2.992 Deferred income con51s15 of rent charged in advance of £1,917 12023.. £1,917) and insurance rechargeable of £1.25012023." £1.Q75) relab.ng to the period after 30 September 2024. Page 14
John Fricker's Charity of 1696 Notes to the FinanGial Statements For the year ended 30 September 2024 14. Statement of funds Stattrment of funds - current year Balance al 30 Gainsl September (Losses) 2024 Balance al 1 October 2023 Transfer5 inloul Income Expenditure Unrèstricted funds Designated funds Designated Funds all funds 133,634 14.704 4,723 153.061 General funds General Funds- all funds 20,000 38,668 {23,9601 114,7041 20,004 Total Unrestricted funds 153,834 38,668 123.9601 4,723 173,065 Endowment funds Endowment Funds- all funds 350,000 350.000 Total of funds 503,634 38,668 123,9601 4.723 523.065 The general fund represents ac¢umulaled unreslrided income. The designated lund represents funds s&1 aside for major repairs to the Property. The permanent endowment fund consists of the freehold property Driginally bequeathed lo the charty when st was established. Page 15
John Frfcker's Charity of 1696 Notes to the Financial Statements For the year ended 30 Soptemb¢r 2024 14. Stst¢ment of funds (continuedl Statement of funds - prior year Balance al 30 Gainsl September (Losses) 2023 Balance al 1 October 2022 Transfers inlout Income Expenditure Unrestricted fynds Designated funds Designated Funds- all funds 120,650 14.088 11,0841 133,634 Goneral funds General Funds- all fvnds 20,000 35,883 121.6151 114,0681 20.000 Total Unrestricted funds 140.650 35,683 121.6151 11,0841 153,634 Endowment funds Endowment Funds - all funds 4CIO,DOO 150,0001 350,000 Total of fLSnds 540,650 35,683 121.6151 151,0841 503,634 15. Analysis of net assets between funds Analysis of nèt assets between funds- current pgriod Unrestricted Endowment funds funds 2024 2024 Total funds 2024 Fixed asset investments Investment propety Current assets Creditors due within one year 150,622 150,622 350,000 31.135 18,6921 350,000 31.135 18.6921 Total 173,065 350,000 523,065 Page 16
John Frickerfs Charity of 1696 Notès to the Financial Statements For the year ended 30 September 2024 15. Analysis of net assets betsyeen funds Icontinuedl Anatysis of net assets between funds - prior porlod Unreslricled Endowment funds fvnds 2023 2023 Totsl funds 2023 Fixed assèt investments Investment property Current assets Creditors due within one year 97,853 97,853 350,000 64.568 18,787) 350.000 64.568 18.7871 Total 153.634 350.000 503,634 16. Related party transactions The Charity has not entered into any related party transaction during the year, nor are there any outstanding balan¢es owing bebNeen related parties and the Charity at 30 September 2024. 17. Indemnity Insurance The Ch?rity holds Ihiid party indemnity insurance to protect the Trustees. Page 17