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2023-04-30-accounts
|
Pages |
| Reference and Administrative Details of the Charity, its Trustees and Advisers |
1 |
| Chairman’s Statement |
2-3 |
| Trustees'Report |
4-7 |
| Independent Auditor's Report on the Financial Statements |
8-11 |
| Statement of Financial Activities |
12 |
| Balance Sheet |
13 |
| Notes to the Financial Statements |
14-24 |
| Trustees |
Simon Bird, Chair |
|
Janie Spring, Trustee |
|
Diane Cook, Trustee |
|
Sara Michell, Trustee |
|
Anthony Holliday, Trustee |
|
Jacqueline Forsyth, Trustee |
|
David Goodin, Trustee (appointed 1 July 2022) |
| Charity registered |
|
| number |
228590 |
| Principal office |
1 St James Court |
|
Whitefriars |
|
Norwich |
|
NR31RU |
| Website |
www.kerrison.org.uk |
| Independent auditor |
SB Audit LLP |
|
Chartered Accountants |
|
Fitzroy House |
|
Crown Street |
|
Ipswich |
|
Suffolk |
|
IP1 3LG |
| Solicitors |
Mills and Reeve |
|
1 St James Court |
|
Whitefriars |
|
Norwich |
|
NR31RU |
| Investment manager |
Rathbone Investment Management Ltd |
|
8 Finsbury Circus |
|
London |
|
EC2M 7AZ |
|
|
Unrestricted |
Total |
Total |
|
|
funds |
funds |
funds |
|
|
2023 |
2023 |
2022 |
|
Notes |
£ |
£ |
£ |
| Income from: |
|
|
|
|
| Investments |
3 |
182,757 |
182,757 |
155,244 |
| Other income |
4 |
2,778 |
2,778 |
5,750 |
| Total income |
|
185,535 |
185,535 |
160,994 |
| Expenditure on: |
|
|
|
|
| Raising funds |
5 |
86,302 |
86,302 |
109,160 |
| Charitable activities |
|
110,053 |
110,053 |
137,072 |
| Total expenditure |
|
196,355 |
196,355 |
246,232 |
| Net expenditure before net (losses)/gains on |
|
|
|
|
| investments and investment properties |
|
(10,820) |
(10,820) |
(85,238) |
| Net (losses)/gains on investments and investment |
|
|
|
|
| properties |
|
(595,955) |
(595,955) |
250,845 |
| Net movement in funds |
|
(606,775) |
(606,775) |
165,607 |
| Reconciliation of funds: |
|
|
|
|
| Total funds brought forward |
16 |
7,172,219 |
7,172,219 |
7,006,612 |
| Net movement in funds |
16 |
(606,775) |
(606,775) |
165,607 |
| Total funds carried forward |
16 |
6,565,444 |
6,565,444 |
7,172,219 |
|
|
|
2023 |
|
2022 |
|
Notes |
|
£ |
|
£ |
| Fixed assets |
|
|
|
|
|
| Tangible assets |
10 |
|
998 |
|
998 |
| Investments |
12 |
|
976,139 |
|
757,802 |
| Investment properties |
11 |
|
4,943,000 |
|
5,338,044 |
|
|
|
5,920,137 |
|
6,096,844 |
| Current assets |
|
|
|
|
|
| Debtors |
13 |
114,387 |
|
- |
|
| Investments |
14 |
275,000 |
|
1,011,028 |
|
| Cash at bank and in hand |
|
261,160 |
|
69,167 |
|
|
|
650,547 |
|
1,080,195 |
|
| Creditors: amounts falling due within one |
|
|
|
|
|
| year |
15 |
(5,240) |
|
(4,820) |
|
| Net current assets |
|
|
645,307 |
|
1,075,375 |
| Total assets less current liabilities being |
|
|
|
|
|
| net assets |
|
|
6,565,444 |
|
7,172,219 |
| Charity funds |
|
|
|
|
|
| Restricted funds |
16 |
|
|
|
|
| Unrestricted funds |
16 |
|
6,565,444 |
|
7,172,219 |
| Total funds |
|
|
6,565,444 |
|
7,172,219 |
|
Unrestricted |
Total |
Total |
|
funds |
funds |
funds |
|
2023 |
2023 |
2022 |
|
£ |
£ |
£ |
| UK investment property rental income |
161,608 |
161,608 |
138,241 |
| UK quoted investments income |
19,244 |
19,244 |
15,767 |
| Interest received |
1,905 |
1,905 |
1,236 |
| Total 2023 |
182,757 |
182,757 |
155,244 |
| Total 2022 |
155,244 |
155,244 |
|
|
Unrestricted |
Total |
Total |
|
funds |
funds |
funds |
|
2023 |
2023 |
2022 |
|
£ |
£ |
£ |
| Recharged utility costs |
2,778 |
2,778 |
5,750 |
| Total 2022 |
5,750 |
5,750 |
|
|
Unrestricted |
Total |
Total |
|
funds |
funds |
funds |
|
2023 |
2023 |
2022 |
|
£ |
£ |
£ |
| Site development costs |
- |
- |
801 |
| Property professional fees |
42,846 |
42,846 |
58,053 |
| Security costs |
3,265 |
3,265 |
7,830 |
| Empty property costs |
4,223 |
4,223 |
19,651 |
| General site maintenance |
31,949 |
31,949 |
40,843 |
| Utilities |
2,332 |
2,332 |
(19,572) |
| Farmland expenses |
- |
- |
(31) |
| Investment management fees |
1,687 |
1,687 |
1,585 |
| Total 2023 |
86,302 |
86,302 |
109,160 |
| Total 2022 |
109,160 |
109,160 |
|
|
Unrestricted |
Total |
Total |
|
funds |
funds |
funds |
|
2023 |
2023 |
2022 |
|
£ |
£ |
£ |
| Insurance and office costs |
17,034 |
17,034 |
15,496 |
| Grants payable (see note 8) |
70,668 |
70,668 |
97,179 |
| Wages and salaries (see note 9) |
10,746 |
10,746 |
11,482 |
| Governance costs (see note 7) |
11,605 |
11,605 |
12,915 |
| Total 2023 |
110,053 |
110,053 |
137,072 |
| Total 2022 |
137,072 |
137,072 |
|
|
Unrestricted |
Total |
Total |
|
funds |
funds |
funds |
|
2023 |
2023 |
2022 |
|
£ |
£ |
£ |
| Auditor's remuneration for the audit ofthe Charity's financial |
|
|
|
| statements |
6,887 |
6,887 |
5,244 |
| Office costs |
3,269 |
3,269 |
5,032 |
| Accountancy costs |
1,449 |
1,449 |
2,639 |
| Total 2023 |
11,605 |
11,605 |
12,915 |
| Total 2022 |
12,915 |
12,915 |
|
|
Unrestricted |
Total |
Total |
|
funds |
funds |
funds |
|
2023 |
2023 |
2022 |
|
£ |
£ |
£ |
| Open Road Training |
- |
|
5,000 |
| Eyes Open CIC |
- |
|
5,945 |
| Greener Growth |
- |
|
3,300 |
| Thorndon Primary School |
- |
|
1,900 |
| Eye Saints Football Club |
- |
|
1,000 |
| SENDAT |
28,635 |
28,635 |
22,220 |
| Friends of Thorndon School |
2,000 |
2,000 |
5,400 |
| Kids Out UK |
- |
- |
6,940 |
| Level 2 Youth Project |
- |
- |
13,224 |
| UEA-Make It Count Project |
- |
- |
10,000 |
| Smallpiece Trust |
- |
- |
8,250 |
| The Mix Stowmarket |
7,000 |
7,000 |
7,000 |
| Downham Market Academy |
3,455 |
3,455 |
5,000 |
| Sophie Raynham |
- |
- |
750 |
| Shane Davenport |
- |
- |
750 |
| WD Evans |
- |
- |
500 |
| Future Female Society |
10,000 |
10,000 |
- |
| Spinning Wheel Theatre |
1,000 |
1,000 |
- |
| ENYP |
3,000 |
3,000 |
- |
| Norfolk Scouts |
1,250 |
1,250 |
- |
| Suffolk Scouts |
750 |
750 |
- |
| Young People Taking Action |
5,000 |
5,000 |
- |
| EP Youth Limited |
8,578 |
8,578 |
- |
| Total 2023 |
70,668 |
70,668 |
97,179 |
| Total 2022 |
97,179 |
97,179 |
|
|
2023 |
2022 |
|
£ |
£ |
| Wages and salaries |
10,746 |
11,482 |
|
2023 |
2022 |
|
No. |
No. |
| Administration |
1 |
1 |
| The employee did not receive remuneration amounting to more than £60,000 in either year. |
|
|
|
Fixtures and |
|
fittings |
|
£ |
| Cost |
|
| At 1 May 2022 |
3,057 |
| At 30 April 2023 |
3,057 |
| Depreciation |
|
| At 1 May 2022 |
2,059 |
| At 30 April 2023 |
2,059 |
| Net book value |
|
| At 30 April 2023 |
998 |
| At 30 April 2022 |
998 |
|
Freehold |
|
investment |
|
properties |
|
£ |
| Valuation |
|
| At 1 May 2022 |
5,338,044 |
| Additions |
231,018 |
| Revaluations |
(626,062) |
| At 30 April 2023 |
4,943,000 |
|
|
Listed |
|
|
investments |
|
|
£ |
| Valuation |
|
|
| At 1 May 2022 |
|
757,802 |
| Additions |
|
254,074 |
| Disposals |
|
(176) |
| Revaluations |
|
(35,561) |
| At 30 April 2023 |
|
976,139 |
| Net book value |
|
|
| At 30 April 2023 |
|
976,139 |
| At 30 April 2022 |
|
757,802 |
| 13. Debtors |
|
|
|
2023 |
2022 |
|
**£ ** |
£ |
| Due within one year |
|
|
| Other debtors |
114,387 |
|
|
2023 |
2022 |
|
£ |
£ |
| Investment properties |
275,000 |
854,000 |
| Unlisted investments |
- |
157,028 |
|
275,000 |
1,011,028 |
|
2023 |
2022 |
|
£ |
£ |
| Accruals and deferred income |
5,240 |
4,820 |
|
Balance at |
|
|
|
Balance at |
|
1 May |
|
|
|
30 April |
|
2022 |
Income |
Expenditure |
(Losses) |
2023 |
|
£ |
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
|
| General Funds - all funds |
7,172,219 |
185,535 |
(196,355) |
(595,955) |
6,565,444 |
| Statement of Funds - Prior Year |
|
|
|
|
|
|
Balance at |
|
|
|
Balance at |
|
1 May |
|
|
|
30 April |
|
2021 |
Income |
Expenditure |
Gains |
2022 |
|
£ |
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
|
| General Funds - all funds |
7,006,612 |
160,994 |
(246,232) |
250,845 |
7,172,219 |
|
Unrestricted |
Total |
|
funds |
funds |
|
2023 |
2023 |
|
£ |
£ |
| Tangible fixed assets |
998 |
998 |
| Fixed asset investments |
976,139 |
976,139 |
| Investment properties |
4,943,000 |
4,943,000 |
| Current assets |
650,547 |
650,547 |
| Creditors due within one year |
(5,240) |
(5,240) |
| Total |
6,565,444 |
6,565,444 |
|
Unrestricted |
Total |
|
funds |
funds |
|
2022 |
2022 |
|
£ |
£ |
| Tangible fixed assets |
998 |
998 |
| Fixed asset investments |
757,802 |
757,802 |
| Investment properties |
5,338,044 |
5,338,044 |
| Current assets |
1,080,195 |
1,080,195 |
| Creditors due within one year |
(4,820) |
(4,820) |
|
7,172,219 |
7,172,219 |