## **SUTTERTON PAROCHIAL CHARITY TRUST**
**REGISTERED CHARITY NO 234839**
**RECEIPTS AND PAYMENTS ACCOUNTS**
**for the year ended**
**31 MARCH 2022**
## **SUTTERTON PAROCHIAL CHARITY TRUST**
## **CONTENTS**
- **1-2. Legal and Administrative Information**
**3. Independent Examiner’s Report**
**4. Receipts and Payment Account**
**5. Statement of Assets and Liabilities**
## **6-7. Notes to the Receipts and Payments Account**
**Page 1**
## **SUTTERTON PAROCHIAL CHARITY TRUST**
## **Legal and Administrative Information**
The trustees present the receipts and payments accounts of the charity for the year ended 31 March 2022.
## **Structure, Governance and Management**
The charity is governed by the schemes of the charity commissioners dated 19[th] April 1912. This document is located at the charity’s principal address:
6 Hillside Gardens, Wittering, Peterborough, Cambridgeshire, PE8 6DX
The charity operates as an unincorporated trust under the Charities Act 2011, and is registered with the Charities Commission, number 234839.
The trustees are to be made up of one ex-officio trustee – The Vicar of the Ecclesiastical Parish of Sutterton; twelve representative trustees – seven appointed by the Parish Council of Sutterton and five appointed by the Parish Council of Amber Hill (scheme 1912 points 3-15).
The trustees intend to continue the charity’s operations in the above manner.
## **Trustees**
The trustees who held office during the year were:
Mr P Cropley Mr C Baker – (trustee appointment lapsed, as a result of non attendance) Rev C Robertson Mr J Thorpe Mr J White Mrs R Bowler Mrs R Hunn Mr C Stephenson Mrs D Sands Mr N Hardy Mr G Simpson Mrs L Craven Mrs P Fountain – (appointed November 2021)
## **Objectives and Principal Activities**
The charity’s principal activity continued to be that of the management and administration of land and property for the general benefit of the inhabitants of the Parishes of Sutterton and Amber Hill (scheme 1912 points 25-31).
The trustees consider that the objectives stated above, as summarised from the governing document, satisfy the charity commissioners’ guidance on being for the public benefit.
**Page 2**
## **SUTTERTON PAROCHIAL CHARITY TRUST**
## **Legal and Administrative Information (continued)**
## **Achievements of Performance**
The trustees paid one-fourth of the net yearly income remaining after making payments of expenses of management to the Sutterton Education Foundation.
The residue of the net yearly income was divided into seven equal parts and the trustees paid five parts to Sutterton Charity Trust and paid two parts to Amber Hill Charity Trust.
The results for the year are shown in the receipts and payments account on page 4.
## **Financial Review**
The management of the charity investments has been delegated to an independent financial adviser on an advisory basis. The objectives are to generate sufficient income to continue the activities of the charity and to maximise the returns of the charity’s assets. The IFA has regard to the suitability of the selection of investments and the need for diversification of investments. Within the portfolio, cash reserves are held to ensure the ongoing activities of the charity can be maintained.
Approved by the trustees and signed on their behalf by:
_____________________
_____________________
Dated:
**Page 3**
## **SUTTERTON PAROCHIAL CHARITY TRUST**
## **Independent Examiner’s Report to the Trustees of Sutterton Parochial Charity Trust**
I report on the accounts of the trust for the year ended 31 March 2022 which are set out on pages 4 to 7.
## **Respective Responsibilities of Trustees and Independent Examiner**
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
- Examine the accounts (under section 145 of the 2011 Act);
- to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act); and
to state whether particular matters have come to my attention
## **Basis of Independent Examiner’s Report**
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on whether the accounts present a ‘true and fair view’.
## **Independent Examiner’s Statement**
In connection with my examination, no matter has come to my attention:
- (1) which gives me reasonable cause to believe that in any material respect the trustees have not met the requirements to ensure that:
- proper accounting records are kept (in accordance with section 130 of the 2011 Act); and
- accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Stuart Green Independent examiner Lister & Co 75 High Street BOSTON, Lincs
6 June 2022
**Page 4**
## **SUTTERTON PAROCHIAL CHARITY TRUST**
## **Receipts and Payments Accounts for the year ended 31 March 2022**
|**RECEIPTS**
Rents Amber Hill
Sutterton
Dividends and Interest – Investments
Bank Interest
National Savings Income Bond
Donation
Compensation
Sale of land
**TOTAL RECEIPTS**
**PAYMENTS**
**Direct Charitable Payments**
Gifts and Donations
**Management and Administration Payments**
Clerks Honorarium
Water and Drainage Rates
General Repairs and Maintenance
Bellmere Pool & Charity Land Insurance
Sundry Expenses
Accountancy
Professional Fees
Investment Professional Fees
Bank Charges
**TOTAL PAYMENTS**
**NET RECEIPTS/PAYMENTS FOR THE YEAR**|
**Note**
**£**
2
775
352
626
-
49
732
1206
3937
-
____
|**2022**
**£**
**£**
4655
3271
4716
5
-
-
11254
114290
_____
138191
_____
3891
775
348
3410
552
98
528
510
2928
14
____
7677
_____
11568
_____
126623
|**2021**
**£**
4655
2755
5574
3
67
-
5607
_____
18661
_____
6077
9163
_____
15240
_____
3421
|
|---|---|---|---|
||||
|
The notes on pages 6 and 7 form part of these receipts and payments accounts
**Page 5**
**SUTTERTON PAROCHIAL CHARITY TRUST**
**Statement of Assets and Liabilities for the year ended 31 March 2022**
|**INVESTMENTS**
**MONETARY ASSETS**
Lloyds TSB Treasurers Account
Lloyds TSB Deposit Account
Loan
**REPRESENTED BY**
**Funds**
Unrestricted Funds
Balance at 1 April 2021
Unrealised Profits/(Losses) on Investments
Net Receipts/(Payments) for the year
Realised Profits/(Losses) on Disposal of Investments
**BALANCE AT 31 MARCH 2022**|
**Note**
**£**
3
9232
16265
-
_____
|**2022**
**£**
**£**
514526
5443
10060
150
_____
25497
540023
402355
(14285)
126623
25330
540023
|**2021**
**£**
386702
15653|
|---|---|---|---|
||||402355|
||||346807
52127
3421
-|
||||402355
|
All of the above funds are unrestricted funds of the Charity
The Charity also owns land – see detail in note 4.
Approved by the Trustees and signed on their behalf by
_____________________
_____________________
Dated:
The notes on pages 6 and 7 form part of these receipts and payments accounts
**Page 6**
**SUTTERTON PAROCHIAL CHARITY TRUST**
**Notes to the Receipts and Payments Accounts for the year ended 31 March 2022**
## **1. PREPARATION OF RECEIPTS AND PAYMENTS ACCOUNTS**
## **a) Voluntary Receipts**
Voluntary income is received in cash by way of gifts and legacies. Cash donations, gifts and legacies are included in the receipts and payments account on receipt.
## **b) Investment Receipts**
Dividends are included in the receipts and payments account when they are declared, at an amount which includes the tax credit (if any) recoverable from H M Revenue & Customs.
Bank interest is included in the receipts and payments account on receipt.
## **c) Payments**
All payments, other than those that have been capitalised are included in the receipts and payments account. There are no purchase invoices received before the year-end but not paid until after the year-end, and there are no items of expenditure incurred before the year end but no invoice received until after the year-end.
## **d) Investments and Investment Gains and Losses**
Stocks and shares quoted on the London Stock Exchange are included in the statement of assets and liabilities at their market value at the year-end. The difference between this market value and the previous years market value are disclosed on the statement of assets and liabilities.
Unquoted investments are included at cost.
Gains and Losses arising in the disposal of investment are included in the receipts and payments account.
## **e) Rents**
Rental Income is included in the receipts and payments account on receipt.
## **2. GIFTS AND DONATIONS**
|Sutterton Educational Foundation
Sutterton Parochial Charities (Sutterton Share)
Amber Hill Trust
||**2022**
**£**
973
2084
834
3891
||**2021**|
|---|---|---|---|---|
|||||**£**
1519
3256
1302|
|||||6077
|
The Charity and the Sutterton Educational Foundation have four trustees in common, seven trustees in common with the Sutterton Parochial Charities (Sutterton Share) and three in common with the Amber Hill Share of Sutterton Parochial Charities.
**Page 7**
**SUTTERTON PAROCHIAL CHARITY TRUST**
**Notes to the Receipts and Payments Accounts for the year ended 31 March 2022**
## **3. INVESTMENTS**
||**Value at**|||**Value at**|
|---|---|---|---|---|
||**1 April**|**Gains /**|**Movement**|**31 March**|
||**2021**|**(Losses)**|**in fund**|**2022**|
||**£**|**£**|**£**|**£**|
|National Savings Income Bond|8000|-|(8000)|-|
|Investment Portfolio|378702|11045|124779|514526|
||_____|______|______|______|
||386702|11045|116779|
514526|
||______|______|______|______|
## **4. ASSETS**
The Charity owns two areas of land, approximately 63.50 acres at Amber Hill and approximately 30 acres at Sutterton. This land has been held for many years and its original cost is not known. The charity receives rental income in respect of this land as shown in the receipts and payments account on page 3. During the year, two small area’s of land have been sold, the land formed part of the old former crew yard at Amber Hill.
## **5. TRUSTEE REMUNERATION**
The trustees appoint a clerk to provide administrative support to the charity and pay such a reasonable salary as they think fit (scheme 1912 point 20).
## **6. COMPENSATION INCOME**
During the year amounts totalling £11,254 have been received for compensation from National Grid. This relates to underground pipework that is being carried out on land owned by the charity. This will continue until an estimated completion date of 2023. The charity will receive further monies as compensation in the following years.