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||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|





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|**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|





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|||**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|





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||||**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|





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||**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||



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||**Unrestricted**|**Total**|Total|
|---|---|---|---|
||**funds**|**funds**|funds|
||**2023**|**2023**|2022|
||£|£|£|
|Recharged utility costs|2,778|**2,778**|5,750|
|Total 2022|5,750|5,750||





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||**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||



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||**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||





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||**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||





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||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||





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||**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.|||



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||**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|





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||**Freehold**|
|---|---|
||**investment**|
||**properties**|
||**£**|
|**Valuation**||
|At 1 May 2022|**5,338,044**|
|Additions|**231,018**|
|Revaluations|**(626,062)**|
|At 30 April 2023|**4,943,000**|



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|||**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**||





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||**2023**|2022|
|---|---|---|
||£|£|
|Investment properties|**275,000**|854,000|
|Unlisted investments|-|157,028|
||**275,000**|1,011,028|



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||**2023**|2022|
|---|---|---|
||£|£|
|Accruals and deferred income|**5,240**|4,820|



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||**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|





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||**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**|



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||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|



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