Charity registered number.. 235579 TRusfEES REPORT AND LThiAlKX￿O F1NhNci4L￿ATEMEKrs FOR THE EM)ED 31 DECEMBER 2023 ForTheYearEnded 31 DeC￿ber 2023 C¢nt•JKs Page Charlty Infomiatlon Trustees, Report Independent Examinee5 Reporr Staiemenc of FSnanclal Actmtles Balance Sheei Notes to the Flnancial Srateménrs Deiailed Sraiemeni of FlnancialAcrkniies- Town Hall 15 Derailed Sraiemeni of Flnan(lalA(tMiles- Sportsf*ld 16 Charfty Inforn ForTh•Y¢arErKJed 31 De(ember2023 TruKees Catherine tkjbson Chrisfine lessop ISANHS nominee} Graham Moriram {IPC nominee) Ichairnianl Stelb Pi(kford Susan SrnBII (Vke Chalr) Harold Williams Michael Edwards Chrk Maxine Read Charlty Number 235579 PrfndpalAd(kesS . TheTown Hall High Street Ilthester Yeovil BA22 8NQ Independent Examlner G￿n Brown FCCA Brunel Charrered Cenrfied Accounrancs 3 Marco Polo House C¢Xsk Way Taunron 'rY Somerser TA2 6BJ lthesterT¢)wnTn Trusteg Rep¢xt F(*TheYear￿thd 31 Decan1￿ 2023 The trustees preseni cheir annual report wlch Ihe hnancial siaiemenrs of the thariry for the year ended 31 December 2023. The rru51ee5 have adopied Ihe provision5 of Accounting and Report6no by chari1￿5.. SLatemeni of Recommended Practice applicable to Cha￿cleS in preparlng Iheir accounc5 in accordance wirh the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS102). CH￿rrIBLE OBJEcrs The upkeep, repalr and MaInt￿anCe of the communlry centre and Ihe museum. Any tharltable purposes forthe general benefii of rhe Inhabitanrs of Ikhester. DMlNisfkATK)WGO￿￿ RMAN The IlchesterTownTwsr is constituted bya Deed ofTrusr and isa registeredchariry, number235579. Itsaddress Ssdo Mr5 Maxine Read, Clerk ro (he Trusiee5, TheTown Hall, High Sireei. Ikhesier, Yeovil, Somerset BA22 8NQ. The Chariiy Is n the Green, In May 2023. It was also the host lor the annual Christrna5 Lantem Parade and Carols on the Green during December. The Town Hall is a Grade 11 knsted Building and is an extrefnely expensive buildfng to run and maintaln. The Trusiees have an ongo+ng Strategic revlew of its actrvitie5 and conchJde that theyvAII contlnue to operate the Town Hall Inio the luture and will nvest oradually in improvement5. As well as rourine maintenance for borh buildings, notable expenditure throughoui theyear b as folknvs.. Page 2 fLhe5twTownTrLSC ForTheY6irEnd*J 31 Deceffl￿ 2023 The trustees preseni rheir annual report wich the financial staiements of Ihe tharfry for the year s)ded 31 December 2023. The trustees have adopced the provisions of AcctyJnting and Reporting bychariibes.. Statement ol Recommended Practice applicable to charicies in preparing rheir accounrs In accorthnce with the Financial Reporting Standèrd applicable in the UK and Republic of Ireland (FRS 1021. CHARrrABLE 08JEcrs The upkeep. repair arKi mainrertan￿ of the commLM)lry cenfre and the museum. Any charliable purposes forthe oeneral benefit of the inhabttanrs of Ilthester. ADMINISTRAIK)N/GOVERNAN The Ild)escerTownTrusr15 constiiuted bya Deed ofTrusrand isa regisrered tharity, number 235579. Its address 15 rjo Mrs Maxlne Read, Clerk 10 Ihe Trusiees, TheTown Hall. High Street, Ikhesrer. Yeovil. Somerset BA22 8NQ. The CharSty Is currentfy adminisiered ￿ se￿n Tru5tee5: nominated by the Ilthester Parlsh Council. and frve co-opced. The Trusiees as of 31sr December 2023 are.. Mr Graham Moitrarn Ichalrmanl", Mrs Susan Small (Mce-chairnian),. Mrs Catherfjne Dobson,. Mrs Stella PlckFord.. Mr5 Chrlsrlne lessop, Mr Harold Wllllarns, and Mr Michael Edward5. There were no new appoinrments. or resi9narlons. In 2023 TheTr¢Jsi Is attemptlng io recruii addsclonal Trv5ree5 vri¢h the alm of leath￿9 nlne cornrnlttee members. The Trust uses HS8C and Ihe Natlonal Wesrrnin￿er Bank. boih In Yeovil. for bankin9 s￿￿(e5. The HS8C charltable bank accouncs charge the chariry a mon(h￿ interest fee and rransaciion fee5 Therefore, rhe three accounrs are managed In a way 10 besr avoid unnecessary banking fee5 aoalnst the thariry's finances. The Trust conilnues to use the serylces of Messrs Porter Dodson, Solidtors of Ye0￿1, for any legal suppor( and represeniatlon, and Brunel Chartered Cerdfied Acc¢)unfanrs loraccountlng se￿ceS and supporf. oBJEcfp￿S,AcnVrnE$￿￿DAcHIp￿mEKrs Governance ol Ihe charliy decrees tha¢ any Inc¢>me gamered ts In the firsc InS￿nCe applied to maintaln Ihe assecs of ¢he Trust. The main assets are the IlchesterTown Hall and Communlry Centre Including Ihe Herfrage Cenrre wihin, the Pavilton and Sports fields, rhe Roman Cemeieryand Ransom Strlp., and seWnd￿. fOranYthari￿b4ep￿rpose5forth¢ general befiefii ol the Inhabsiants gf Ilchester. The charliy employs three members of siaff, all on a part-llme bays, these are.. The Clerk to rhe Trusrees, a restdeni Caretakerat ¢he Town Hall. and a Sports fidd sUpe￿50r for ¢he Sports Flelds and Pavilion. The Town Hall and Pawllon have a￿ayS beerb a popuLir venue hi￿ by boih the local communl(y and clients further afield. Clienr bookings are a valuable source of revenue and are reco￿￿n9 well follown@ the pandemlc. This aside, there 15 a need to assess current booking5 and find ways co increase revenue these means. The Town hall Is used on an annual basls as a local pollin9 Station for elections. S(xial group5, the Parlsh Council and numerous commiirees meec ai Ihe hall on a Mon[h￿ ba515. Weekly, The Town Hall holds a c¢)tFee rnornln9 that remains a key communlty meeting point for members ol Ihe village and it raises moneyfora differeni chariryeveryweek. Thereis aVarietyolweek￿exercI$e classes, along wilh an classes, adhoc network meetings, trainino courses. wakes, d)risteninos, wedding celebrailons, and numerous birthday partles throughout the year. The library within the Town Hall opens for ac leasi two days a week Ihroughoui theyear. The Trust hosied the KSng's Coronatlon parry celebrarionsat IheTown Hall and on the Green. in May 2023. It wa5 a150 the hosi for the annual Chrfstmas Lantern Parade and Carols on Ihe Green during Decefflber. The Town Hal is a Grade 11 tisted Building and Is an extremely expensive building to run and maintain. The Trustees have an onooing srraieolc review ol lis acrNi￿es and condude that thry v•ill continue to operate the Town Hall InTO the fvture and will Invest gradual￿ in improvements. A5 well as rouiine malnienancefor both building& no¢able expenditLbre throughour theyear is as follows." Page 2 ForThey￿Ended 31 Decenber 2023 The boilerai the Pavilionwas condemned during a rO￿t￿eserVIceandWas replxd in AprilvAih a brand-new boiler. Thedisabled roilet at the Pavilion no longer mer with cl￿rent le81￿atIon and was redecoraied in April. A 9ravelled area for 9oal hardsianding w&$ ¢reated alongside Ihefoocball pitthe5. Throuohout 2023 che Town Hall has suffered watei ingress on the stairway leading to the Main Hall. Various repairs have been carrfed out. Including newguitering, but a rool surveyhas been completed and major worksto ihesecond-lloor dormer windows Is required to prevent funher water ingress. The works wll be carried our In 2024. The radiatQf5 In theTown Hall had faulcy chemos(arlc radiatorvz￿u that prevenred all radia(¢rs frgm being adlu5ted or turned OH. An exerdse to replace all Trvs wa5 completed and I￿11 save on heatino ￿115 In futur¢. A rolling prooram for ins¢alling LED light5 at the Tovm Hall has been carrted out durlng 2023 and will conilnue Snco 2024. Nor On￿ does Ihis reduce consumpclon ¢osrs and 15 rnore envlronmentally fr￿nd￿, Iw¢ the replacement of extremely old Iightlng brlghiens up che corridors and r¢)oms. Two major suppliers were replaced In 2023- Veolia Waste Mana9effent and Chess Communl(a(lons. Both suppliers had ralsed thelrprlcln9 Structure multlple time5 the lasr yearor two, and the st￿ke5 pr?￿ded were someclmes lacking In siandards. After rnuch Investigation, two local suppllers (both based ￿[hina coupleol mlles of Ikhesterl wereawarded Ihe replacement contraas. This move Is more cost effective br the Trust, Moreenvironmentallyfri￿d￿. and also helps wlrh o¢Jr (arbon l¢)ocprlnf. Weekly ¢ar booi 5abes Started on Ihe ftrsc Sunday of Aprll and theseason finished on 15th October 2023. Weather agaln Impacted the car boot sale5 at the beglnnln9 of the season, but rhe sales Still ra¢sed iusr short of É18.5k. The income generated Is Invaluable and goes rowards runnlng c05f5 and Ihe fvrure devek)pmenc of the Pawllon and Sporrs field. Voluncary help from the local ommunlty Pla￿ a major part the runnlng of the carboor sasesand Sports held in general. whith remalns the home ground lor Ilchester Youth Fooiball Club, a base for rhe 8rownles. The pa￿lI0n Is used on a weekly basis for ballet classes, exerclse classes, band praalce, and dog agility and obedkn¢e dasse5 are held on the field5. Flooding due to exrrerne weather condiilons rowards the erKI ol the ha5 had a dramatic effecr on the Sportsfield and surroundino areè. 8orh the car parklng area on Ihe sports fteld and rhe football piithes V￿re completety submer0ed In water. This partlcularly Impacied Ihe Il¢hesterYouth Football Club. as Ihey had ro find other piiches co hire for a several month5. At Ihè IlchesterRoman Cemeiery an ecologlsrcompleteda surveyfordomke, bats, and badger5 a5 Instructed by Hlstorlc Enoland. The completed reporr was recelved by Ihe TnJsrees In February 2023 and conftm)ed thar work could commence In the aurumn. A project 10 carry ovt dearance work and Invesii9aie the best route for public access started toward5 the end of theyear and ￿11 contlnue Inio 2024. Guided ioLsr5 {thar are held on rhe pertmeter of ¢he cemetery) (ommenced In the sprln9 012023 and were available ¢hroughout Ihe summer month5. The Museum/Herltage Cenrre opened lis door5 for the first tlme slrKerhe cO￿d pandemlc lock down. The Museum was manned by a small group of volunreers every Wednesday between Easter and October half-ierm and had good aTreJ)dance throughout the season. Total donations ¢0 the musaJm fvnd came to just short of £173.00. li is hoped that the museum will open on Wednesdtys and Saturday5 in 2024. Throu9h fvndralslno acrlvltles wth the lotal commvnlty. Indvding M coffee momings run by the Trust, enovgh lunds were ra15ed to purchase three Tommie Statues for (he village_ These were ereaed during October and November 2023 for Rernembrance Day, as a remlnder of thosewho10sr their lives in woAdwars for rhe benefii ol others and the country. With Ihree Armed Forces servlng lust oufside rhe wllaoe ènd some living within it. the Trusr feli ihar Ihi5 effort W35 parriculady important. The Trusi ￿11 put rhe Tommle5 up annual￿ as a mark of respect. The expendiiure Incurred on mainrainlng d)e IkhesterTdWn Hali & c&munlty Cenrre {as shown In rhe Unresrrkred Desionated Town Hall Fund) was 19,431 (2022". E13,9131. Suppon costs Increased to ll1,532 (2022.. 10.003), resultlng In total resouKes expended of £110,074 {2022.. [90.9101. Income from rheTown Hall amounted to £41,243 (2022.. £42,048)- Ff*TheYearErMled 31 Decwts2023 (c¢ndnued) Investmenc Income from che Endowment Fund. which the Trustees transferand appfy to the Unrestmed Designated Town Hall Ftjnd towards the maintenance of the Town Hall, was £47.15112022= £45.5991. The net outoolng resources after Eransfets of che Unfesirkted Desi9naied Town Hall Fund was a defi(fi of £34,80512022.. EI35,4091. The Unresirlcted Deslgnated Spor¢5 field fund had total Sncoming resources 01 £28,89112022.. £29,506) ol whSch a materlal proporiion was accounced for byincomefrom ￿r boot sales of £19.10912022.. £17,859). Total resources expended were £61,238 12022.. £42,720). The ner ouigolng re50urce5 of the Unrestricted Designated Sports-fkid fund were £32,347 {2022".1£13,2141). The Charit¢s Investment policy is ro pla￿ surplus funds ini11al￿ on bank dep￿"1 accounc and bnger iemi in Charinco or Charishare units. The Charlry's policy for determining the level of reserves is 10 retain sufficient ¢0 be able ro deal with any major repair work Qf other unforeseen expense arising in the next year. togerher wth day ro day running expenses. Unrescrfaed Reserves on 315¢ December 2023 amounted co £456,183, of whith 1150.625 is (ash. The Charlty has conduaed a ￿leW of the rna￿ rtsks to whKh the Charlty Is exposed. and systems have been esiablished to mlrloate Ihose rlsks. srATEMEMfoF TRL￿￿5, RESPONSIILrnES Charlty law requires the Trustees to Prepa￿ hnandal stateM￿lS lor eath finan(ial year which show a true and talr ￿e￿ of the siaie of alfalrs of the Charlty and Its Iirwidd actlvkles for that perlod. In weparfng those fvnanckil sratemen¢s the Trus¢ees are required to". sele(t sultable accovntlno policles and conslstentty appty them- observe Ihe methods and prlnclples In Ihe Charllles SORP: makeludgemenis and estlmares Ihar are reasonable and prLtdent' scare wherher applicable accounrlng siandards and sraiemenrs of recommended praalce have beenfollowed, subiecr ro any departures dlsclosed and explained in the linanoal statemen¢5' and prepare Ihe financbl 5rarements on the 9olng con(em basls unless li Is Inapproprlate 10 presume Ihar the Charlry will contlnue In ¢¥erntlonal exlstenct. The Trusiees are responsible for keeplng proper accouniing records whith disdose Nyith reasonab￿ accuracy at any tlme rhe Iinanclal posltlon of the Charl¢y and to enable thern to enwre Ihar rhe fftnanchil siatements comply with the Charlties Act 2011. They are also responsible fgr sale9uarding the assets of thechartiy and hencefortaking reasonable steps for rhe prevenclon and detectlon of fraud and other Irregularlcie5. TheTrusiees haveapproved theTnJs(ee's Report above and thea¢companylng accovntswhith have been prepared In ac¢ordanee wlth the Chariiy Stheme, rhe Chariiles Acr 2011 and Scarement of Recommended Practice applicable to chariiies preparino their accounis in accordance wlth Ehe Financlal Reporring Standard ap￿1(able in (he UK and Republic ol Irdand IFRS1021 (Charitles SORP IFRS 10211 On behalf of the board Graham Mottram Chalrnian Date 21 a 2oS" Page 4 TheY&vEnded 31 Dec•nbw2023 I report ro che d)arity on my examination of the aCC￿jnts of IlthesierTown Trusi for the yearended 31 December 2023. Rww)nslbll1desa￿ ba￿5 of rep¢xr. As rhe trustees of Ilche5terTown Trust you are responsible for the prepararion of the accounts In accordance wlth Ihe reouiremenis of Ihe Charities Att 2011 {'theAa?. report In respea of my exarnination of the Trust's accounts carrled OUT under sethon 145 of the 2011 Act ènd In caryino out my examlna(lon, I havefollowed all the applicable Dlrection5 given by Ihe charityCommlss￿n under section 14515llb) of Ehe Att. I have compkted myexèrninailon. I conlirm that no rnaterlal rnatters have come to my attenilon whith g*4es me cause to believe £har, In any rnaierLal respett.. Accovnclng records were r¢ot kept In accordan￿ wtth seulon 130 of che Charliles Att: ty The accounts do noi accord ￿1h suth records,. or the accounts d6d noi compty wTrrh rhe applicable requlremenrs concemlno rhe form and conter¥t of accounts set out in the Charliles (Accounis and Reporcsl Reg¢Jlatlons 2008 other than any requlrement that the accounts gfve a'true and falr, vlew whkh Is not a matter(on￿dered as part 0*￿ INlependenr examina¢lon. I have no concems and have ¢ome acr05s no other matters In connettion w¢th the examinatlon ro whkh arrenrion should be drawn In rhis report in order to enable a proper unders¢andlng of the Kcounts to be reathed. )Brunel. Gav+n Brown FCC4 Brunel Chartered Certifved Accountants 3 Marco Polo House Cook Way Taunton TA2 6BJ 24 lune 2024 Page S F￿Theye￿EndQ1 31 D￿1b￿ 2023 Resrrfrtd End0vM￿ Total fiJnd5 Total fvnds l￿d$ funds 2023 2022 NCOME Income and endovrn¢sfronL Donaiions and leoades Char1table ac¢ivitie5 Raisin9 funds Investmencs 466 19,411 19.109 2.257 466 19,411 19,109 49,408 5,222 18,967 17,859 45,838 47,IS1 Total 41343 47,151 88.394 87,886 EXPENDrruRE Ratslng fvnd¥. Car booi sale- direci costs 627 627 2,174 2,174 627 627 Charltable aal¥ftles'. Town Hall Sporisfjeld Rornan Ceme¢ery 47,159 60,611 1.649 47,159 60,611 1,649 109,419 48,190 40,546 109,419 88,736 Total 110,046 90,910 NEfiNCOfvW(EXPENDmJRE) BEFORE INVEsfMEfr G￿NY(LosSE9 (68,803) 47.151 (21.652) {3.024) Net galns on Invesiments NET INCOle(EXPENDtWRE) (68.804 47,151 {21,652) 47,151 47,151 {21,652) (3,024) Transfers beThveen funds MOVEME￿ IN FUNDS (21.652) P.024) RECONCILLATION OF FUNDS.. Toial funds brought forwzrd 1?99.134 1.876.942 1.876,942 TOTAL FU￿$ CARRIED 10 456.156 1399,134 1,855,290 1.876,942 The noies ijn paoe$ 8 ro 13 forni parr of the5efinancial statement& e6 MthesterTIy•¥nTrust As at 31 December 2023 2023 2022 D ASSETS Tangible asseis Heritage a55ets Investmenc5 305,193 313,617 1.399,107 1,399,107 1.704JOO 1,712,724 CURREWr￿sErS Debtors Cash at bank and In hand 4.675 150,625 4,134 165,994 155,300 4JO T70.128 Credi¢¢rs: knoun¢stallino (knvAthln oneyvr cURRE￿AsSEr5 150.990 164 18 TOTALASSEfs LESS CURRE￿￿ UABIUTIES 1,855290 1,876,942 NEffvssErs 1.855290 1,876,942 FUNDS Unrescricted funds Resrricted lunds Endowment funds io 4S6,183 471,835 1.399,107 1,399,107 TOTALCFL4Th KINDS I￿55,290 1,876,942 On behalf of the board Graham Moitram Chairman Date 2024 The r￿te5 on pages 8 10 13 forn) parr of rhe5e h"n3ncial sraiemenrs. Page 7 Notes tothe Hnandal Stat￿n￿ts F(YTheYearEndd 31 Dec￿￿ 2023 1.Accountlng Pdld¢s 1.1. Ba￿S af weparatton of flnandal st#eme These accounts have been prepared tsnder Ihe historical cost corbventw)n vmh iteins re£ognised at cost or transaction value and have been prepared in accordance with.. Ihe Siatemeni of Recommended Prattice.. Accounti￿ and Reporting by Charities preparin9 theiraccounts In accordance wilh (he Financial Reporring Srandard applicable in che UK and Republic of Ireland {FRS 102). Ihe Financial Reportirw Standard applitable in the Unlied KJnudom and Republk of Ireland {FRS 102) and wlch rhe Charltles Act 2011. 1.2. Income Incorne is recognlsed in the Statement ol Flnan(ial A£tthties (SOFA) when.. Ihe chariry becomes entitled to the resources., li Is more Ilkely chan not that fhe rrusree5 will recefve Ihe resources; Ihe monetary value can be measured wilh suffident reliabiliry. 1.3. Ewendlture Llabiliries are recoonised where it Is fflore likelythan noi thai there is a legal or consrnjciive obligation commltting che tharlry co pay ovt resour￿$ and The amounr ot the obligarlon can be measured wlih ￿sOnable certainry. Support costs Suppofr cosTs Include cen¢ral fvn¢rlons and have been allocat￿ ro a￿￿ty£0st tategorles proponlon 10 tlme spenc by the clerk. 1.4. Tangible ftx•d ass•ts ￿MI dewethdon Tangible fixed assets are measvred at cost less accurnulated depreclation and any accumulated impasrrnent105ses. Depreciailon Is provlded at rare5 calculated ¢0 wrl¢e ofl the c05¢ Qf ¢he fixe(l a55et5, less theii e5Eimated re5i¢Jual vèlue, over thelr expecced usefrJl l*ves on the followin9 ba5es'. Freehold land Sporcs pltches Sporrs pavillon Sporis held Improvemenis Equlpmeni Over 50 year5 er 10 year5 r 4years Herliage fsxed asseis held sn fhe pernianeni endowment fund are noi caplralised or depreciaied due to difficulty In obtainlng reliable cost information or valuatlons. 1.5. F￿•d asset IrNestmu*s Invesimenis are included ai closlno mid-marker Vall￿ In Ihe balance she￿, any gakn or loss on Invesrmenr Is credired or charoed to the Siaiement ol Anandal Actmcies. 1.6. Fund ac¢tyJ￿l Unre5trlcted funds are available for use at che discretlon of the truscees In furtherance of the general obieciffts of the charS¢y and which have not been d6i9nated for other wrposes. Des19na¢ed fund5 cornpr15e unrestrlcted fLmds that have been set aside by Ihe tnJstees for partlcular purposes. Restricted lunds are hjnds whith are 10 be used accordance wlrh spedfic res(rlrtlons Imposed by donors orwhith have been ralsed by Ihe charity for particuL4r pUr￿seS. The cost of raisin9 and administefino suth hjnds are tharged against che specific fund. 2. Trustee5 Remuneratlon arml Expu No remunerailon or other benefi.t5 from the charity were receNed bythe trU￿ee5 durfng Ihe curreni or preceding year. I InJ5ree (2022.. 1) was relmbursed for expenses paid on behalf of Ihe tha￿ry of 1535 (2022.. ll,175). Page 8 Nctés co theRnarKkl stateffta￿ (contlrwJ•J) ForTheYear Ended 31 De(ember2023 3. EmFdoyee Numbers Romunvar The average number of employees during the year wa5 3 {2022.. 3) 2023 2022 Wages and salarie5 Employerfs naclonal InsurarKe 35.722 810 30,435 998 36,562 31,433 No ernployee recefved emduments in excess of 160,000. 4. Incom1￿ ReS(￿r(¢S Unrestyl(ted Rutrfaed Total l￿d5 Total funds hjnds fvnds 2023 2022 DonJtlons and leBades: Granrs received Starue donatlons Ransom 5¢rtp contributions 3,967 1,255 466 466 5,222 Charftable artmdes.. Museum recelpts Hlre ol iown ha Hlre of pavilion and grounds Herlta9e day Lease Qf groun& Irj 9.OTI 8,890 675 173 9.077 8,890 67S 47 10,225 7,599 500 596 596 596 19,4n 19,411 18,967 Car boot sale recelws 19,109 19.109 19,109 19,109 17,859 17,859 Black Rock distrtbutlons rece￿ed Bank Interesc recefved 47,151 47,151 2,257 49,408 45,599 239 2.257 2357 47,151 45,838 41243 47,151 88,394 87.886 Page g Note5totheFlnw)dal StatwnwKs [C￿lIAL ForTheYearEnded 31 Decanber 2023 5. Resources Expended Lknreththl Res¢rf¢ted Eftdty*￿ Ttxal fi￿dS Total hjnth fvnds nds 2023 2022 slng funds: Car boot sale- direct costs 627 627 627 2,174 2.174 627 Town Hall.. Carecakers salary Other cleanino Costs Heat11ght and wacer Insurance Communlcarlons 9,958 9,958 9,363 124 3,726 4,029 1,637 13,913 3.985 3.611 2,389 9,431 3,985 3,611 2.389 9,431 Repalrs and malnrenance Museum cos1$ Sundrles Heritage day ourg01rn9S Subscrip¢ions Bank charges Depreciatlon Allocated supporr costs 3,021 358 162 39 2,563 11,532 47,160 2,469 358 162 63 1,493 270 41 2,563 11.532 46,632 3,591 10,003 48,190 Repairs and mainienjnce Insurance 26.024 3.692 278 2.479 8,909 26.024 3,692 278 2,479 8,909 10,049 2,541 Business races Heat light and warer Sports supery+sor salary CleanSng costs Communlcatlons Sundrle5 Depreclailon Allocaied supporr costs 1,988 8,085 118 888 464 9,717 6,696 40.546 1,494 434 9.S88 7,713 60,ffl0 1,495 434 9,588 8,239 61.138 Rorftan Cemew. Repalrs and rnaintenantt 1,649 1,649 1,649 1,649 110,046 110.046 90.910 Jelo IltheswTu*ffi Tnts¢ ForThe Yw Ended 31 Decembtt2023 6. TangibleAssets Equlpma* Equlpment Ttxal Land Cost As at 1 january 2023 Addirlons 64.530 33.156 338.095 27,983 49.200 76,115 3.726 589,079 3,726 As at 31 December 2023 64.530 33,156 338,095 27.983 49,200 79,841 592.805 De￿￿[all0ft As ai I january 2023 Charge for the year 132,634 6,762 27.983 41,847 2.563 72,998 2,825 275,462 12,150 A5 at 31 December 2023 139.396 27,983 44,410 75,823 287,612 Ner Book v￿￿* As a( 31 December 2023 64.530 33,156 198,699 4,790 4,018 305,193 As at l Januory 2023 64,530 33,156 205.461 7,353 3,117 313,617 The follow+ng herltage fixed assets, Induded ar nil cos¢. form part of Ihe Cha￿rfs Pennanen¢ Endowmeni fund..- Town Hall and Museurn, Ilchesier {formeth Old Town Hall and 32 Hwh Sireefl Green and Marker Cross fronrlng Tovffl Hall. and Weighbrid9e Roman Cernetery, Ilchesrer Exhibits Sn Museum Mace lon loan 10 Counry Museum) The charl￿5 assets are valued at £2,685,219 for insurance purposes. Freehold land comprlses'.- Land at Ilthester Isporrsfseldl {cosc 1993) Land at Ilchester Icost 1993) Land at IlchesLer, Corporailon aose Play Area atThe Mead, Ilchester Lènd at Priory Road N69627 16.69 acres 7.75 acres 33,380 15,500 N61822 087F 15,650 64,530 The Land a£ Ilchester is leased annually for a sum of £449. Avoluntary. pyofessional wdluation calculated thar thi5 was a fair and tnje value. Page 11 N(w to theFlnand4 (emtlnued) FwTheYwEnded 31 Decembtt2023 7. Axed Asset In￿stmeN5 2023 2022 Marketvalue at 151 january 2023 Increase in marker value 1,399,107 1.399,107 Markec Wdlue ar 31" December 2023 1.399.107 1,399,107 Investments at rnarket wolue cornprise'.- 8LK Charities VK Bond Fund DSstrtbut6on Unlts 82.885.103 BLK Chartties UK EqulryFund DlsrrlbuiSon Unlrs 174.286.785 152,260 1,246,847 152,260 1,246,847 Hlsiorical Cosi as ai 3111 December 2023 495,538 495,538 8. Oebttxs 2023 2022 Trad* debtors Clalm lor Marker Cross repalrs 288 4,387 (2531 4,387 4.675 4.134 9. Crdkn)ts'. Amounu FalliThJ Duewthin ¢)neY 2023 2022 Flnance re.. klichen A¢¢ruals and deferred Income 2,798 1,S12 4,398 1,512 4.310 5.910 Page 12 Vthe5twTo*mTrv5t ForTheYear Ended 31 De¢ernb￿2o￿3 10. Anatysls ol Charftable Funds 10.1 Mov•nent In fw Trarders At 31 ()e¢ ,. 2023 Town Hall Sportsfield 110.320 352,463 12,352 28.891 {47.159) {61,238) 47,151 122,664 320,116 Unresulcted fiMMIs 462,783 41243 00839 47,151 442,780 Roman Cemetery Town Hall and Museum, Ilchester Purchase of land at Prl¢ry Road Roman Cernerery, Ilchesier Exhibirs In Museurn Ma¢t lon loan to County Museum} Ranwm Scrlp, Prtory Road 15,650 1621 15,650 {2,274} 0.649) Restrt¢xd funds 15.025 13,376 BLK Chartcles UK Bond Fund Dls¢ribu¢lon Unlts 8LK Charttles UK Equlfy Fund Dlscrfburlon Units IS2,260 1.246,874 47,151 {47,151) 152,260 ,246,B74 End¢>MnentfiJnth 1.399,134 1.876.942 47,151 88J94 (47,151 1,399,134 1855,290 Tot•1 Chlrftyfvnds 10,0 10.2An*ls ofrnt assets betwe￿ fun& 2023 Year ended 31 D•c•mber 2023 Flxed assets Current assets Creditors le5S than 1 year 305,193 155.300 {4.3101 7,399,107 1,704,300 155,300 (4,3101 456.183 1,399,107 1,855,290 Page 13 Nws to the Ftnan¢Jal State1￿ (contlnued) ForTheYear Ended 31 Dewnbtr2023 iknre5trkted Restylaed Erkn￿ At 31 Dac lund5 fvr# 2023 Yearended 31 DeLember2022 Flxed asseis Curreni assets Creditors less than 1 year 313.617 170.128 {5,9101 1.399.107 7,712,724 170.128 {5,9101 Nec assers 4TI.83S 1,399,107 1,876,942 ¥OFI Jrniw )* Page 14 IIthe5terTO%￿)TnJ5t ForTheYearEnded 31 De(￿b￿ 2023 2023 2022 Ir￿M￿9 resour¢es.' Hire of town hall Tommy siaiues donailofis Hire of equipmeni Lease of orounds Heritage thv cO￿d19 local authorlty gran(s Statue donations" Other Bank interes¢ 9,0 466 10210 15 596 500 50 1,255 155 12,781 596 675 1,538 12.352 Resources ¢¥pended on thartrable acd¥ttbes-Ttr•m H￿. Careiakers salary Other deaning cosTs Heat li9h¢ and water Insurance Communlorlons Repalrs and malniènance MuseL*m Cosis Heritage day ourgolng Subscrlptlons Tommy statue expendlture Bank charge5 Sundrles 9.958 9,363 124 3,726 4,029 1,637 13,913 3,985 3,611 2,389 9,431 358 162 551 39 2,470 2,563 35,628 270 41 1,493 3,591 38,187 Depre¢￿tIon Support C05ts'. Clerk's salary Clerk'5 expense5 Accountancy Ser￿{e5 10,599 8,391 705 932 907 11.531 10,003 Total Yosources exwded 47.159 48,190 Net Income/(Exp￿lty1re) P4,805) (35,409) Transfertrom pernianent endowment 47,151 45,599 Ne¢ movement Infvnd 12.344 10.190 Town Hall de5ignaced fund broughtfofward 110,320 100.157 Town Hall deslgnbted fijnd C￿ed fOr￿￿d 122,664 110,347 Page is 2023 2022 Ir￿OrnI￿ resources.. Hlre of pavil*on and grounds Car booi sale- recelprs Grancs receSved Museum recelpis Bank inreresc 8,890 19,109 7,599 17,859 3,917 47 719 84 28,891 29,506 Resources expended M r4Wrgfvnd&' Car boot 5ale- dlrect costs 627 627 2.174 2,174 Repalfs and malntenarKe Insurance Buslness rates Hear li9ht and wafer Sporrs supervSsor salary Cleèning cosrs Communlcarlons 26,024 3.692 278 2,479 8.909 10,049 2,541 1,988 8,085 118 1,494 434 9.588 888 Sundries Depredarlon 464 9.77 33,850 52098 Support costs.. Clerk's salary cle￿,$ expenses Bank charoes Accoun¢ancyservl¢es 7,066 5,594 470 25 27 622 605 7,713 6,696 Totsl resour¢eseYp￿d¢d 61,238 42,720 Net movement hfund (32J47) (13214) Sportsfield de51gnated fund brouohf forward 3S2,463 365,677 Sportslbdd de51gna¢ed fund on1edf¢rward 320,116 351463 Je16