Charity reglsrered number. 235579 TRUSTEES REPORTMJD UWDITED ANANcL4LsfATEmEs FOR TrIE YEAR ENDED 31 DECEMBER 2024
ForTheYear EThJed 31 Decaniv2024 Chartty Inforn)ailon Trustees. Report Independeni ExamSner's Report Srarement of Financfjal AaNltie5 Balance Sheei Notes to the Flnanclal S¢atements 9-15 Detailed Siaiemeni of Flnanclal ActMtles- T¢Mn Hall 16 Deiailed Siaiement of Flnanclal ActlI¢S- SpOrfield 17
ForTheYearEThJed 31 Decents2024 Trustees Catherine Dobson Chrisiine Jessop (SANHS nomirbeel Grahaffl Mottram OPC nominee) (Chairman) Stella Th(kFord Susan Sm311 1(e Chair) Harold William5 Michael Edwards Ckrk Maxlne Read Charlty frmber 235579 Prfnclpal Addr TheT¢)NNn Hall Hh Srreet Ikhesrer Yeowl BA22 8NQ Independent Exaffllner Gavin Brown FCCA Brund Chartered Cenified Accountants 3 Marco Polo House Cook Way Taunion Somersei TA2 68J
ForTheY67r Endexl 31 De(ani2024 The trusiees present Iheir annual report with the h'nancial statements of rhe tharity for Ihe year ended 31 December 2024. The trusiees have adopred the prOls1Orb5 of Accountin8 and Reponino Chariiies.. Siaiemeni of RQMMended Practice èpplic3ble to chariiie5 In preparing rheir accounts in accordancev4i¢h the Financ6al RepDr(ino Siandard apP.cable in the UK and Republic o* Ireland IFRS102}. CHARITABLE OBJECTS The upkeep, repair and malnienance of the communlrycenrre and the rnuseum. Any charltable purposes for rhe general benefii of rhe Inhabitants of Ilthester. ADMINisfRATIOWGOI The Ilchesier Town Trust Is constituted by a Deed ol Trusr and ts a re0lsied tharity. number 235579. Its address Is clo Mrs Maxlne Read, Clerk 10 IheTnJstees, The Town Hall, Hl9h Street, Ilthesier. Yeovil. Somerset BA22 8NQ. Seven Trusiees curren[ admini5¢er the Charf¢y. ¢wo nom6naied by che Ikhesier Parish Council, and fve co-opred. TheTnJstees as of 31sc December 2024 are.. Mr Graham Moiiram Ichalrnian).. Mrs Susan Small Vicelhair): Mrs Caiherlne Dob50n: Mrs Scdla Pickford,. Mt5 Chrlsrine le5S0P,' Mr Harold Williams, and Mr Michael Edwards. There were no new appoinrmenis, or resignations. in 2024. Itls srill the alm ol Ihe Trusi fo recrult addiclonal Trustees wlih Ihe inieniSon ot reathing nine commiiiee members. The Trust uses the HSBC and Naiwesc Bank, boch in Yeovil. lor banking seNlces. The HSBC charitable bank accouncs charge rhe tharity a monthly Interesi fee and various Iransattion lee3. Therefore. Ihe currenr accounr5 are managed In a way 10 be51 avoid unnecessary banking fees against Ihe thariry's linances. AJong$e a low Inrere5r HSBC sn9$ accounr, rheTrusi has thss year opened Iwo higher interesi sawngs accounts wth NaiWes¢, (h the alm ol making its dlsposable cash work harder. The Iwo accounis are a 30-day notice accounc, and a 90-day notice a()unt. The Trusr contlnues to Use the servlces of Messrs Porrer Dodson. Solicltors of Ye01, for any legal support and repenraTIOn, and Brunel Lcd for financial services and support. OBJEcrrvES, AcnvmESMIDACHlm1rs Govemance of the chartty de¢rees rhar any Income gamered Is In rhe firs( Insiance applied to malntaln the asseis of Ihe Tnjst. The main assets are rhe IlchesterT¢)wn Hall and Communliy Cenire indudlno che Herftage Centre wlthin, the Pavilion and Sports field5, rhe Roman Cemerery and Ransom Sirlp., and second, forarytharliable purposes forthe general benefiiof Ihe Inhabitanrs of Ilchesier. The chariry ernpl0 three members ¢)f s¢aff, all on a pan-dme basts. these are.. The Clerk ro che Trusiees, a resldent Caretaker at Ihe Town Hall, and a Sports field Supermsor for the Spor(s Flelds and Pavilion. The Town Hall and Pavilion continue ro be a popularvenue for hire by both ihe local communiry and dients furrher afield. Both venues are a valuable source of revenue. The Toym hall Ls used on an annual bas for the folkjwina use.. Statuto As a pollsno siatlon for all elettlons relevant co chevillages In the cortstiruerKy. The Parf5h Countd use Ihe hall for monihty Part5h Counal Meeiitws, Ihelr AGM. arKI any ad-h¢X meeiings whith may Othercommittee Meeiings forvath)us groups and thariues. induding the11(hesrerTown Trutt. Social Health and Fitne55 Acoffee morning is held weekty. and remain5 a krycommunitymeetln8 point forfflembers of thelIage, it raise5 money fora drfFerent thamtyorcause everyweek. Social classes held at the hall indudea knit and crochet group and art classes Paje 2
ForTheYearEnded 31 Decenber 2o24{c<rKlnuj Mijlclpleweekexercfj$e dasseson offerto ihecommunityindude Places, varlous fomis of yoga and boxercise.Therapy sessions are also held at the hall. Events and Parties The hall hosts wakes. chrfsrenlno and wedding cdebrJcion5, v5 numerous birthday par(ks and ad hoc binoo sessions throughout The year. The Trust hosted (eas for the annual Remembrantt Day ser and processlon In November thss year, plus the annual Christmas Lantern Parade, and Carols On rhe Green during December. ther Facilicies The Iibraryand mijseum wlthin theTown Hall open to the publk, the museum seasonalty, and the Ilbrary throughout the The Pavilion and ground5 contlnue to be used on a weekty basfjs for. Socbal Health and Fltnes5 Exerdse dasses. band practlce and a base forthe local Brownles. The sports fteld and pltches hos¢ school holldayfootball coathkng and an annual hoopers doo tralnlng week, endino wl¢h a compeiiroon and show. Volunrary help from the local communlry a major parr In the njnnlng of rhe ever-popular stanal car boot sales which r¢Jn from April 10 Sepiember, and malnienan¢e¢f the spor¢s Iidd kn general. It Is recognised that the car boot plays slsnlflcani role in gamering income for rhe Twst. The Town Hall Is a Grade11 Llsted Building and Isan extremexpensfve building 10 run and malnraln. The building of the Pavilion w35 completed In 1992 btst Is also stanlno to show age. and malnienance costs are beginnlng to rlse. The Trustees have an ongoin9 Strateglc rev6ew of lis actfvltle5 and condude that wil contlnue to operate both buildlngs Into the fvrure and will Invest @radually In Improvements. As well as rouilne malnienance for both Ihe Town Hall and PaVilrt buildinos, no(able expendl¢ure (hrou8hout Ihe year Is as follows.. Throughoui 2023 the Town Hall suffered severewaier Ingress on the maln stalrway leadlng ro rhe Mèln Hall. A roof survey revealed malorworks to the second-lloor dormèrwindow5 wa5 required and thework5 were conducced In 2024. Unfortunately, laier In theyear, further leaks were dis¢overed on che othersldeof che roof, bythemaln hall wlndows and the flat lounge. Scaffold was erecied and fhe problem areas were found and repalred. the roof has C05T IheTru5r In Ihe reolon of £16k chis year. The Museltm contlnued 10 be manned by a small but dedicated 9r¢JUP of volunteers. every Wednesdayi and alternate Saiurdays from Eas¢er through co Ociober halF-tenn, in 2024. The iotal donations to che museum fund carne to just over 1800, a good increase when Compa 10 2023. 11 is hoped that the museum wll open on Wednesdays and the last Saturday in the month durin9 Ihe 2025 season, due to a 51ight reduction in volunreeravailability. A Ions overdue new froni door and code system was insialled ai che paw.lion ai a cosr of approxlmacely E4,500. Thss provides enhanced security for the bustdin9 and is part of the improvemenis requifed tof staff and ojstomer safely. On90ing safety improvements induded the in51allaiion of driveWayfenci to prevent children from running oul in froni ol cars. Fencing has also been installed to protect an area deygnaied as 3 safe thildren's play area. Costs for fenong came In ai just Under £Sk. Flooded fields and pitches prevented the (ar boots s* starting until late inApril. Sadty, weather has again had a masSe impact on sales, With takings in the region of £16.Sk for thesea50n. Theweather cte5 serious flooding auoss the orounds, which Ss on a water iable, and close to the river 8rue, vthith burst5 115 bank5 during excesswe rain. The Ilchesieryouth Foocball Club, a major hirer of the sports field faaliLie5, suffer reduced usage due 10 flooding. It s not unusual for the whole oround ro look like a
Ilthestff TownTru ForTheYear Ermjed 31 Dec•ts 2024(COnd reservoir. This 15 now ca¢Jslng theTrust a Slgnrficani r5sue, as anycars who park on the fields aftersevere wearhercèuse extensive damage co the grounds. The pavilion hè5 never had a consrnjcted car park. yet rhe acrmties planned for the ground (car booi sales. event hire and football matthes {Ilchesrer Foorball aub ha5 some thirty reams)), all reqvire, and in 50rne cases extensfve, parking. At the Ilchesier Roman Cemetery, a projecr ol dearnnce wok ro invesclgafe Ihe best rouce for public access, made satlsfactory progress in 2024. Guided toiJr5 (that are held on the perimeter of (he ceme(eryl were available to che public throughouc The summer monihs. A boundary wall and oateway in eXrrerne poor state of repalr. was rebuilt and a gale reSnsiaied, lorlusi over £8k. A REPF grant for the wall, gace and Ihe purchase of some ben(hes and scoryboards was approved and 11 be recefved In lanuary 2025. A rolling program for insralllng LED lights at the T¢)wn Hall has been conducted durlng 2024, VAS1 continue Inco 2025, and will exiend co the Pavilion. Not On does Ihis reduce consurnptKsn coxs and os more ewronmentally fIknd, but the replacemenr of exiremely old lighting brightens up che corridors and rooms. Malor supplier Scottish Power was replaced In 2024. the Trust has moved co British Gas Uie for boih gas and electridty. Fixed prke coniracts wll enable (he managemenc of cosc5 for (he nex¢ few years New contracts for broadband and mobile phorhes have reduced monthly tharges for these ¢Jciliiles. The expenditure Incurred malntalnlng rhe Ilthesrer Town Hall & Communlty Centre la5 Shown In rhe Unrestrfcced Deslgnaied Town Hall Fund) was É25.902 {2023.. £9,958). SupporT cosis Increased from É11,53110 115,620, resulilng In total resource5 expended of £73,68012023. £47.759). Income from Ihe Town Hall amoufited 10 [13,52512023.. £12,352). Invesrmenc Income from the Endovlmeni Fund. whith the Trusrees rransfer and apply to the Unrestricted De51gna¢ed Town Hall Fund towards the malntenan¢e of IheTown Hall. was £49.155 (2023.. £47,151). Durlno the year, rhe excess of paentS ovtr recdprs was £ll.000. This Is nornialFy covered by the In¢ome from Invesiments However, In 2024 rhe Trusrees have been forced ro consume some of thr reseThes 10 (overt5 shortfall and conrinually revlew thelr hlre tharges, ro try and Increase Income wlihoui dtsa¢fvantaglng (hdr user communlry. The Unrestrlcted Deslgnafed Sporcs h'eld fund had iotal Incomin8 resources of £25,373 12023.. 28.8911 of which a material proportion was accounied for by In¢ome from car boot sales of £17.13712023.. É19.109). Total resources expended were £63,308 12023.. £61,238). The net ctgoing resources of the Unresirfcted I)esnated Sporns-field lund were 137,93712023..1132,347). The Charlty's Invescmenr powcy 15 to plao surplus fLsnds Inltlamy on bank deposlt aCCOLtni and Ion9er Eerm In Charin¢o or Charlshare units. The Chadty'S policy for deiermlnlng the ol reserves is ro retaln Sufficient ro be able to deal wilh any malor repalr work or oiher unforeseen expense arislng in the next year. tO9ether wirh day to day running expenses. Unre5tritted Resekves, excludln8 endowmenc fund5 on 31st December 2024 amounted to [404,157. of which 198.450 is cash. The Charlry has conducced a eW of the rnar rfsks to whkh rhe Charity is exposed. and systems have been esiablished to mliloate those rlsk5. SrATEMEfroFTRl1ThEs' RESPONSIBLrrES Charlty law requlres the TrL¢stees to prepa financial siaiemencs for eath financial year which show a crue and fair eW of the stale of alfalr5 of the Chariry and sts h"nan(ial attmtyes for that period. In preparing those financial statements the Trustees are requlred to.. select suitable accountlng politie5 and consisrenrty appty Ihem,. observe rhe methods and principles in the Chari¢*s SORP., make judgernenrsand esurnate5 tha¢ are reasonable and PeNt. siace whether applicable accounting standèrd5 and 5tatemenTS of recomrnended wactlce have been foll¢)wed, subject to any departures disdosed arKt explained in the finanoal statements: Paje 4
and prepare rhv finanoal siaiernents on the Wng concem basls unless Ir is Iwwwlaie 10 presume that the Charlty will conrlnue In operadonal exEstenc¢ The Trustee5 are resporble for keepkng proper Kcountlng records wmth dis&)se vAth reawnable accuracy ai any rlme the financlal posltlon of the Charfjry and to enaile them to ensure that the flnandal 5tarements Comp wlth Ihe Charftles Aa 2011. Theyare also reSponslefOr safeguarding the assets of the CharityaThJ hence fortaking reasonable steps for the prevenilon and de¢ealon of fraud and other Irre9ularftles. TheTrustees e approved iheTntsEee'sRwtattheand theaccoMpartylngcontsvth1th havebeen prepared In accordance wlrh the Charfty Scheme, the Charitle5 Act 2011 and Ststement of Recommended Practlce applica+le to d)arfiles preparfjng thelr accounts In accordan¢e the Finandal Reporylng Sndard applkabie In the UK and Repub( ofr Irdand IFRS102) {tharl¢les SORP (FRS1021). On behalf ol rhe board Dare V October 2025
I reporc to the tharftyon mYaMInaTIon ofthe accounts oflkhtsttrTownTnJst for theyear ended 31 December 2024. A5 the tnjstees of IlthesterTown Trusi you are resf0rthe eparan of the accounr5 In at¢ord•nce vAth the requiremenrs of the CharJtlesAcr 2011 rthektl. I reporr In respecr of my eomlnatlon of theTrust's account5 carrd ouc under section 145 Of the 2011 Actand In orrylrs out my examlnailon, I havefollowed all the app1kae Direcrionsgi¥tn bythe Chary C¢)mmlsslon under secrkjn 145151(b) of rhe Act. I have cornpleted myexaminatlon. l ¢orrfirm that no materlai matter5 ha4e cometo rry attentkn whith 95 me cause to belkve ihat, In any Mater respect: Accountlng recor& were not kepT In accordantewsth sectlon 130 of the Charbtle5 ALL or The accounty do not accord w5th such records" or (he accounts did nor Comp wlth the appllcabbe reqrernents concemlng rhe lorrn and content ot account5 Ser out In rhe Charlties IAccoLtnts and Reports) Regulailons 2008 otherrhn any requirement that the accounts glve a'true and falr, vlewwhkh ts noi a matter(onsed as pan of an Indcpendenrexamlnarion. I have no con¢ems and have come auoss no other Marie in <onnection the examlnation rovknbth atttIOn should be drawn In thts report In order to enable a proper undersr3nding of the account$ 10 be reathed. GIn Brovm FCCA Bnjnel Chartered Certffied A¢¢ounrants 3 Marco Polo House Cook Way Taunron TA2 6BJ Date 12 2025
F(YTheYearEnded 311)eceM2o24 lknrestrk¢d EndOnert Ttxal fun& Total funds lunds 2024 2023 INCOME Income and end0YenTsfrom. DonaiSons and IadeS Charltable accivitles Ralslng funds Ofher 466 19,411 19,109 18.517 17.137 1,612 2.832 18,517 17,137 1,612 51.987 Invesimencs 49.155 49,408 Total 49,155 89253 88,394 EXPENDrruRE Ra551ng knd5'. Car booi sale- dlrect costs 426 426 627 426 426 627 Charf(able acrmtles.. Other Town Hall Sponsfield Roman Cemefery 2,000 74.819 62.882 1.125 2,000 74,819 62,882 1,125 47,159 60,611 1,649 140,826 140,826 109,419 Total 141252 141252 110,¢)46 NEf INCOME/(EXPENDtriRE) BEFORE INVESTME GAJNS/(LOSSES) 001,154) 49.155 (51.999) (21.652) Net gains on investmenc5 23,475 23,475 NINComE1(ExpENDITIj Trzn5fer5 beiween lunds 0ffi.154) 49,155 (51.999) 49,155 149.155) 23,475 {28,524) (21,652) mOVEmEIN FUNDS (28,524) (21,652) RECONaLL4TK)N OF FUNDS.. Total funds brought forward 456,156 1,399,107 1,855290 1,876,942 TOTAL FUNDS CARED 10 404,157 1.422.582 1,826,766 1,855290 The notes on pa9es 8 to 13 form part of these linancial 5taternents. Page 7
Batano Sheet 6at31 December2024 2024 2023 FDASSErs Tangible asse(s Herltage assets Investmenis 296,131 305,193 1.422,582 1,399.107 1,718,713 1,704,300 CURREAssETS Debiors Cash at bank and In hand 12,315 4,675 98,450 150,625 110.765 155JOO Creditors.. kn)unts fall1 due vthhin oner (In¥ (4310) NEfcuRRENr ASSErs 108.053 150,990 TOTALASSEfs LESS CURREP UABILMES 1,826,766 1,855290 NEfASSEfS 1,826,766 1,855.290 FUNDS Unresirlcted funds Resirlcied funds Endowment funds 10 10 10 404.157 456,183 ,422,609 1,399,107 FUNDS 1.826.766 1,855,290 On behav of Ihe board Graham Mo¢¢T. Chrnl Dafe The note5 on page5 9 to 15fomi pat of the5efinancial staiements.
ForTheYear Ended 31 Dec2024 1.Accwnflng Polides 1.1. of prep•r•tkni of ftrwKial statwn These accounrs have been prepared underthe historical cost conNMtion items 00nISed at cost or Transaction value and have been prepared in accordan wirh.. Ihe Sraiemeni of Recommended Practice". Accounfino and Reponino by cn[leS preparing Iheir accounis accordance wlch che Financial Reporrlno Siandard applkable In rhe UK and Republic of Ireland {Ffis 1021. che Flnanclal Reporiing Srandard applicabFe In che Unlfed ngdoM and Republic of Irdand IFRS 102) and wlth the Chartiles Ac( 2011. 1.2. Incom Income Ss recognlsed In Ihe Siaremenr of Flnandalktmiles (SOFA) when.. che charity becomes entitled ro the resources: it is more likely rhan nor that the irustee5 will receive the re50urrts,' ¢he mone¢aryvalue can be measured with sLrFAcien¢ reliability. 1.3. Expendknre Liabilities are recogni5ed where It is more like than not rhar (here Is a legal or construaNe obli9aiion commltilng the charity co pay out resources and the amount of the obligarion can be measured with reasonable cenalnry. Suppor¢ ¢osrs Supporc costs Include central functkns and have been albc•ted to ¢os¢ careo)rles In proporclon fo rlme speni by rhe cltrk. 1.4. TalbIeftred assets •KI depredatlon Tangible fixed a55er5 are measured at cos¢ less accumulared depreciation and any accumulated Impaim)eni losses. Depreciation is provided at rate5 calculated ¢0 wrire off rhe cos( of the fixed asseis, $S their estimaced residual value, over thelr expecced useful Ilves on the follwng b05e5'. Freehold l#nd Sp¢rcs pltthes Spor¢s pavilion Sports held improvements EquSpmeni Cknr10 Yr$ Over 4 years Heritage fixed assets held in the pem)aneni endowmeni are nor caplrahsed or dewedated due ro diffitulty In obrainlng reliable cosr inlormation or valuati¢)ns. 1.5. Ftrxed Jssec In4t5tments Investments are included at dosing M-Marke1 Value Sn the balance sheet, anysaln or loss on Investmenr Is tredited or charged (o rhe Stètement of Financd Aaiviiies. 1.6. Fund accountlrwd Unrestricted funds are available for use at the di5uetion of ¢he tru5tee5 bn lurtherance of rhe general obieufves of Ihe charity and which have not be designated for oiher purposes. Desionaced funds comprlse unresrrftted funds rhat have bews ser agde by the crustee5 for particular purposes. Restricted funds are fund5 which are to be used in accordanEth Sp.( restrictions imposed by donors orwhith have been raised by the chariry for partioJlar purySes. The cosr of ralsing and administering suth funds are charged agasnst the 5pecif4c hjnd. No remuneraikjn or other benethis from the tharity were received by the trusree5 dunno rhe wrrenE or preceding year.
Ncrtes to Rnanckl st*emts (C(¥InEd) F¢rTheYear Ende¢i 31 Detanb 2024 3. Employee Numbw5 and Remuner The average number of employees during the yearwas 3 (2023.. 3) 2024 2023 Wage5 and salaries Employees national insurance 40,038 1.683 35,722 810 41,721 36,562 No employee recelved emolumenis In extts5 of £60,000. 4. kn¢cthlrvJ R¢sowces funds 2024 2023 Donatlons legade5: Staiue donailons 466 466 Charltableactmtles: Museum recelpt5 Hlr¢ ¢1 town hall Hlre of pavili¢rt and orounds Herltage day Lease of grounds 818 818 10.470 6,768 173 10,470 6.768 9,077 8.890 67S 596 18517 18,517 19,411 Ralslrw fvn&.. Car boof Sale recelpis 17.137 TT.137 17,137 Tl,lJl 19,109 19.109 Other Hlre of equipment Sale of books and web sales Ransom 5trlp coniribuiions 293 1200 1,612 293 1.200 1,612 lnN•tmtS. Black Rock distriburlons red Bank Interest receNed 49,155 49,155 2,832 51.987 47,151 2.257 49,408 2.832 2,832 49.155 40.098 49.155 89,253 88.394 Page io
IkhterTVnTrL5t ForThe Year&Kled 31 Decern 2024 5. ReurceS Exded funds fuThJs 2024 2023 RaIsI fiJnd5: Car boot sale- direa costs 426 426 426 627 627 426 Other Ransom scrtp coniribv(lons- repayTnents 2.000 2.000 Towm Hall: Careiakers salary Heac Ilaht and waier Insurance 11,582 6.902 6.812 1,829 25.902 376 11,582 6,902 6,812 1,829 25.902 376 1,723 9,958 3,985 3,611 2,389 9,431 Communlcarlons Repairs and malntenan Museum costs Sundries Heritage day outgolngs Sub5CnPtions Bank charges Prtniing and siailonery DepreclatSon Allocated 5vpport Costs 1,723 2,469 358 162 3n 371 63 1,139 2,563 15,620 74,819 1,139 2,563 15.620 74.819 2,563 11,532 46,632 sp¢$tId.. Repalrs and maintenan Insurance 25,470 3,792 25.470 3.792 26,024 3,692 278 2.479 8,909 Buslness lates Hear Iighr and wacer Sporcs supemsor salary Cleaning £osrs Communications 4,345 9,n2 4.345 9,712 666 302 666 1,495 434 9,S88 8,239 61,138 Sundrie5 Depreclatlon Allocated support Costs 302 9,722 8,873 62.882 9,722 8,873 61882 Romin Cemetery. Repairs and maintenance 1.125 1.125 9.300 1,649 1,649 141252 149,427 110,046 PagE li
IlthesterTownTr ForTheYear Endd 31 De¢ts2O24 6. TJngibleAssets EqulwRm Eq[1pm To¢al As at l January 2024 Addl¢lons 64,530 33.156 338.095 27,983 49.200 79.841 3220 592,805 3,220 As ai 31 December 2024 64,530 33,156 338,095 27,983 49,200 83,061 596,028 Dewed•tlon As ai I january 2024 Charoe for che year 139,396 6,762 27.983 44,410 2,563 75,823 2,960 287,612 12,285 As at 31 December 2024 146,158 27,983 46,973 78,783 299,897 N•¢ BookVakJe As at 31 Decernber 2024 64.530 33,156 191,937 2.227 4,278 296,131 A5 at 1 January 2024 64,530 33.156 198.699 4.790 4,018 305,193 The follon9 herlrage Iixed assecs, Induded at nil cost. form part of (he tharlry's Pernianent Endowmenr fvnd..- Town Hall and Museum, Ilchesier {lormeth Old Town Hall arKI 32 High S(reei) Green and Marke¢ Cr055 Ironiin9 Town Hall, and Wel0hbrSe Roman Cemetery. Ilthester Exhibits In Museum Mace lort loan co County Mu5eurn} The ¢harlty's assers arevalued at 13.457,829 for insurance purposes. Freehold land comprfjses.'- Land ac Ilchester ISport5fieldl (¢9$11993) Land èi Ilchester Ic05r 19931 Land at Ilchesrer, Corporation Close PlayArea at The Mead. Ilchester Land at Priory Road N69627 N61822 16.69 acre5 7.75 acres 33,380 15,500 0877 15,650 64,530 The Land at Ilchesier is leased annuallyfor a Sum of £449. Avduntary. proftssional valuaiion G)Iculared ihat this was a fair nd truevahje. Page 12
IkhesterT0TrU$r ForTheYear Ended 31 Decwrlv 2024 7. FdA$set Investments 2024 2023 maet Value ai l¥January 2024 Increase In market vahje 1,399.107 23,475 1,399,107 Market value ar 31M Dernber 2024 Investments at market value comprlse:_ BLK Charitie5 UK Bond Fund Dlstriburlon Unl1$ 82.885.103 BLK CharlrSes UK Equlty Fund Dlsfrlbutlon Unlrs 174.286.785 117,513 1,305,069 1S2.260 1,246,847 1,422,582 1,399,107 Historical Cosi as at 31&1 December 2024 495,538 495.538 8. Debtors 2024 2023 Trade debiors Prepaymeni ol Cemeiery repalrs Clalm for Markei Cross repairs (247) 8,17S 4.387 288 4,387 12JS 4,675 9. credito Arnourts Falllng tkn Wthin Oney 2024 2023 Flnance re.. kitchen Accruals and defeed Income 1.200 1.512 2,798 1,512 2.712 4.310 Pa9e 13
ForTheYear Ended 31 De¢btr 2024 10. knaty5b ol tharttable 10.1 Mobvnent In fuThJ5 AtDe¢ 2024 Town H311 Sportsfield 122.664 320,116 14.725 25.373 (n,9421 (63,3101 49.155 108.602 282,179 Unresffirted fvJnds 442,780 40.098 0412Y2) 49.155 390,781 Purchase of land at Prlory Road Roman Cemecery, Il¢hes¢er 15,650 (2274) 15,650 2,2741 Restrfcted fwds 376 13.376 BLK Charlcles UK Bond Fund Dlstrfbutlon Unlts BLK Charltles UK Equlry Fund Distrtburion Unlts 152,260 1.246,847 49,155 134,747) (49,15S} 58,222 117 $13 1,30S,069 1,399,107 1,855290 49.155 53 23.QS 23,475 49,155 1,422,582 1,826,766 T¢tal Chadtyfvnds 41252 10.2AnatyJts of r*tassets bet4fftnlunds rKk fvnds 2024 Yearerthd 31 Decembw2024 Fixed as5et5 Current assets Credltor5 less rhan 1 year 296,131 110,765 (2,712) 1.422,582 1,718,713 110,765 12,7121 404,184 1.422,582 1,826,766 Page 14
IkhewTcY•fflTrL ForThe YearEr)ded 31 Decembu2024 funds 2023 Yearended 31 Decem2023 Flxed assets Currenr assers Credirors less rhan1 year 305,193 155.300 (4,310) 1.399,107 1,704,300 155,300 {4,310) Ntt assets 456.183 1,399,107 1,855,290 Page 15
ForTheYearEnded 31 Decffi)ber2024 2024 2023 Incomlng resour Hire of town hall Tommy sraiues donations Hlre of equipmeni Lease of grounds Heritage day Sales of b¢)oks and web e5 Bank intere51 10.470 9,077 466 596 675 293 2,182 13,525 1,538 12,3Y2 Resources wended on thable4C5-Tcy+ffl H1. Caretakers salary Heac lioht and waier Insurance 11,582 6,902 6.812 1,829 25,902 376 9,958 3,985 3,611 2,389 9,431 Communicaclons Repalrs and maintenan Museum cosfs Htrliaoe day ouigolnB 5ubsCrtpiions Tommy Sfarue expendlt¢Jre Bank charges Sundrle5 358 162 551 39 1,723 2,563 58,060 2,470 2,563 35,628 DepreclatSon Support C05fS: Clerk's salary Legal fees Accountanry services 12,256 2,406 958 15,620 10,599 932 73,680 47.159 Net kK<>me/lExpendttwe) (60,155) P4,805) Transfer from permanent endowment 49,155 47,151 Net movement In fw 01,CW) Town Hall deslgnated fund broughtfor¥vard 111,664 110,320 Ttrwn Hall deygnated IIMMI carrledforward 111,664 1U664 Paye 16
ForTheYear Ended 31 Decem2024 2024 2023 Incomkng resour. Hire ol pavilion and grounds Car boot sale- receipts Museum receiprs Bank Inceresc 6,768 17,137 818 650 25.3TJ 8,890 19,109 173 719 28,891 Resour eXpded on ra151ryfiMMk. Car boot sale- direct COSC5 426 426 627 627 Repairs and malnienance Insurance Business rate5 Heai11ght and waier Sporis supemsor salary Communi&irlons 25,470 3,792 26,024 3,692 278 2,479 8,909 1,494 434 4,345 9,712 666 304 Sundrles Depieclarlon 9,722 54,011 9.588 52,898 Support cos Clerk's salary 8ank charses Accountancy se(e5 8.171 64 638 7,066 25 622 7,713 63310 61238 Ner movement knfund P7.937) f32,347) Sporcsfield deslgnated fijnd brou8ht forward 320,116 352,463 SportsfieW deslgnated fundarrled forward 281179 320,116 Page 17