R¢&w#til (knktyNo. 241149 ST CCOUNT8 REND CH20 E H. TAYLOR8 Accowthncy* T•xatlon and Advl 203 London Road Hadl•lgK E1X 887 2RO
(Iwity No. 241149 THE CARNNAL E8TATE8 FUND INDEPENDENT EXAMINER'8 REPORT TO THE TRUSTEE3 OF THE CARMIVAL E8TATE8 FUND I rowl on Ihe accourbts of the Tnt for the yw Ond1 31•1 202Z. 4rv •1 oui n the FInGI•1 statement• Appended {pages 1 to n. Th chadty'• r#w)n8lble foi the w•paration Oft afjunts. T charfty's trust•M conwder that an audlt 1$ not r•qulred for th1$ yoar und•r •ecllon 144 of the Chffiii8s Acl 2011 (tho ChariU•s Art) and Ihat •n Ind•p¢nd•nt •xamlnalh)n h nè•d•d. It th my 1plIty to: accounts under •eAion 145 ofthe Ch•rth• Act to folcmf pmeAlurM L•ld dom in th• 9•r4y•l Dkn( grt by ts Charly Comml••ion {undar 14515)Ib> of th• Chlti88 Art) and to state whoth•r parllojlar mattws hm com• to my att•ntiM. My &Yamwi•tion G•rried out in aGGord•rKe Y41th 9•nèrnl DlreGtions 9rven by the Chity Commimion. An examlnakn Include8 4 r•vknwofthe xcountlng records kept by the chwlty and • comparIn oftho accoLmts pr•8ent•d with tlv)s• rKonlJ. 11 also Includos consklorntlon of any unusual K•mJ or dlxlo•ure8 In th• accounts, and kIng •xpLanation from the tru81••s CormIng any 8uth mattern. The procedur undortak•n do Mt provid• all the 0dnCe that 7Aruld be rnqulred in an audt nSequenY no opinion18 ghen as to thether ts a¢counts pr•i•nt a ond viow and Ith• report kl Umlt•d io thom matters ••t out in the •tat•rnont b•knw. rvHllonablB cwuBe to 1kn¥e that. In any matertal mpert Ihe roqulremfjnts.. to kogp accourg recorth kn accord llh cUon 130 ofth¢ Charllkns Ad; and to prwre accounts vthlch aCcd V•lth th• a¢¢ountirwJ tocord¥ and cOMY ith the accountirvJ IDWrnments of th• GhaM•J Act h•v• not mrt or To lCh, in my oplnlon, att•ntlon •houhJ bo dra*n In ovd•r to on•bl• a prLpw urwJ#rntsnding of t R MGConrwl FGA E. H. Taykrn 203 LOnn Roaa Hadl•igh. EX SS7 2RD
REWtd c0. 241149 THE CARIINAL ESTATE8 FUND 8TATEIIiENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31•1 MARCH 2022 INCOIAING RE80URCE8 IncomlrwJ rMource$ from pnwatod fvndi.. Volwrtary Incom• Invesknrt Iw• 1,381 93,770 86,465 88.069 88,069 95,151 R&8OURCE8 EXPEIIDED Coth Ofg•n•rnNj fvnds.. CoAtx of voluntary Ineom• Fundrnk8ww tradkn cost8 Inveslment manag•mwft C1 Charttabbo aclfvllle• Governan co8ti 52.217 8.325 52,217 8,325 101.085 7,606 60.542 60,542 108,691 27,527 27,527 (13.540) N•t ineomknW{out9oln9) rQuIc00 bofore ott rnId galn&lllo8•88) 27,527 27,$27 (13.540) OTHER RECOGNISED GAIN81ILO88E8) Gn81(Lou) on Inve•lment atsts 2,295 2,295 Galn ¢)n diwsal oflanglbb ftted a880ts Not movem•nt In fundj 29,822 29.822 (7.6181 REcoNCT)N OF FUIID8 547,767 547,767 577,589 577.589 547.767 Th• thtsmont ol financl&l acti¥ltkn¥ IILKI dl ylns and lo1 r•cognlwJ In th• y•ar. IrK(wnlng r•wurc r•source4 expended derlve fr(th (x)ntlnukng a¢vIbel. rth on paps 3 to 7 brm part 0fth6 flnanclal 8tatom*ts.
Rewed Ch•Jity No. 241149 THE CARNNAL ESTATES FUND NCE SHErr AS AT 31" IAARCM ZOZZ FIXED AaaEra Tangible Inve8lm•nts 45,095 33,780 48,976 31.485 TOTAL FIXED AS8ET8 78,875 78.461 URRENT A8seT8 Calh at bk ar#J In hand 503.766 475,770 CREDITORS: hlllry du• 1,427 1.413 NEf CURRENT AS8Ef8 502,339 474.357 TOTAL A88ET8 LE88 CURRE¥T UAoiUr0 501,214 CREDITOR8: Amounts f•lllng du• •ft•r mor• thn on• y••r 3.82S S.051 NEf ¥A88Ef8 577,$89 547.787 THE FUND8 OF THE CHARrrY 577.$89 547,767 Cyclk41 malntenarK• fund TOTAL FUNDS 577,589 547,767 T1 finan(l ststomwts on po9 1 ty 7 approved Dy IM trustws arvj sNned on b•h•ll by'.- M (/'fJ CHAI TRU3TEE
Reed CtityNo. 241149 THE CARNIVAL E8TATE8 FUND IIOTES TO THE FIMANCIAL STATEIIEMTS FOR THE YEAR ENDED JI" MARCH 2022 1.1 BAgIS OF PREPARATION Thgse acc¢)unts boon prnparnd on the baJl8 of hl8iorlc co81 {eXpt thai knv•8m)•nM are Shown at marttet value) In accordancé wilh Accounting and Rgporting by Charibes Statsment of Recommended Praclke (SORPI. FRS 102 2019 arml 7th th• accounting #tsndard8 and wllh the Charrties A¢t 2011. 12 CHANGE IN BA818 OF ACCOUNTING There ha¥ thango to the aUnting plKi88 (uatiOn rul8J and methods ofaGGounti19) sin¢• last yaar. 1J CHANGE TO PREVIOU8 ACCOUNTa No change8 have been made to accounts lor prevlou8 years. AGGOVNTING POUCIE8 In pr¢parfng the a¢¢ounts the 101thrj a¢¢ountlng p0c have l)•en adopt.. Incomlng oro IndUd in the Statwnwt of Fimncial AGtivitig8 {SoFA) 7thth0n: th• trte8¥ arn rtUAllY rtain they wll reuive the re8ourc•8,' arKI the m(Thtary u0 ¢an h measured 84rf1d•nt rdkqbilty. IThere incoming re¥ouT¢e$ hav¢ related expenditure, the incoming resour and related oxpandre reportèd gro85 in the Statement of Financial Activilies (SOFA). Investment income b) Inv•8lm•nt galn• aThl1088es Inch any galn or kn88 on Ihe sale of inve8trnerts aNI any gakn or loss rosultlng from tho revaluation of Invesm)eM8 to market ¥alJo at the end of the y. c) EXpendIre is included in the SOFA a5 soon as th•r• is a Iggal or constrLKtive obligation eommitliry th• charity to pay out r•sourc•s. Gov•rnane• eo•l• Includ• eo•ts of th• pr•par4tion and examinatKm of statutory accourts, costs oftru8tee meetlngs and costs of any legal aomce b Tangibl8 fixed assets are cap6tall8ed rf they can be used for more than one year and cost at least £500. Thèy ara dèpraetÉd an x Atralght linè basis over thèlr èxtimated ustsful livès as folhJKs: Froofv)hl Land & Buiklin 2% Invthn•nts quotod on a rncowlwl stock exchango are Valued at math•t vahje at the year end.
R¢pwd Charity No. 241149 THE CARNNAL E8TATE8 FUND NOTES TO THE AMANCIAL 8TATEIIENTS FOR THE YEAR ENDED 31" MARCH 2022 Iconllnu•d) INCOIIING RESOURCES Voluntary irKome: DoltIOn¥ In¥e8tsnern IT¢. Intorest recelved D1d•nd li•• not• 8) 1.803 1.379 1.804 1.381 Maintfjnanc8 GontributKJn• ftenl Igt •tore 86.465 93.770 86,465 93,770 R&8OURCE8 EXPENDED 22 2021 Ctyjncll tax In8urnnce Ught and heat Malntenance of 9aTden8 IlrKkwJing ¥vag•8) MaintsnanGo of propert Major repair IrkS R&gular int8rval MnIansnr 2.702 1.914 309 8,310 2.508 1,871 1,733 8,180 29,599 3.228 2,416 3.836 1,881 64,070 16.894 2,414 3.$34 1,881 Residents. wdPdre W•tw 3er¥iGe3 Deprecialion 52.217 101.085 General adminlBtrntlon Finance c05t Sdarle8 (see nots 6} 2,268 57 6,(N)O 1,536 70 6,000 8,325 7.606
CknityNo. 241149 THE CARNNAL ESTATE8 FUND NOTE8 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3Irt MARCH 2022 (contlnu•dl & EXPENSE8 INCURRED Amourts pald to tnJ8t•M forth• Mmbiw8em•nt ol out of pocknt eXpn8 are # foll¢Aw'. Ndurv of the expEnsei5." Residents, wolfarn 550 578 315 G•n•ral admini•tratlon Capllal proFwty ¢osts maintena of prOrth•s Tatsl amount paKI £sso £893 Feu for •xamkAtlon ofth• accounts and other services yovthd arn as fol0. Indedent examinerfs ftts for r•portlThJ on the flnwKlal 1,800 1,320 Othor fe88 pakl to the Indèpandent examlner Total OUnt paij 1,800 1,320 STAFF GO8T3 Gr ge¥ Employere Nallon•l Insura costs Pen8bn Costs 12.310 11.980 Totsl staff ¢o•ts 12.310 11,980 Nbr of •mpby•u in th• year ChArllabki actIv {gaffhMr) number ol nplOY
RewAI ()thityNo. 241149 THE CAIINIVAL ESTATE8 FUND NOTE8 TO THE FINANCIAL 8TATEMENT8 FOR THE YEAR ENDED 31ttt MARCH 2022 (GOrtIndI 7. TANGIBLE FIXED A88Ers Axat 1 W12021 94.072 94.072 at 3111 2022 94,072 94.072 DEPRECIATION at 1 April 2021 Charg0 forthe yaar Elknlnatsd on dpo 47.096 1.881 47,096 1,881 A at 31d March 2022 48,9TT 48,9TT NEf BOOK VALUE A al 311 M•M 2022 45,095 45,095 A• al 31•t March 2021 46,976 46,976 I. INVE8niENT8 Market value al 1 Aprll 2021 Additlons to investments al cost Dl8poMkn at carrylng ¥8• Nat gain on rauatiOn 31,485 2.295 M•rkot valuè •t 31* March 2022 33.760 AMty•l• of Inv••tm•nts In¢om• fr(wn Inv••lm•nt• forth• 31•t March 2022 IrNeslments lJl•d on a stk exchangè or hokl kn common In¥e8lment funth. £33,780 £1.603 InvMtm•nt• rnprn••ntlng mor• than 6% of th• of th• chArV• Inv••kn•ni• M•rk•t valu• at 31 IAarch 2022 M & G UnK• kn Charlfvnd £33.780 100
ChryityNo. 241149 THE CARNIVAL E8TATE8 FUND NOTE8 TO THE FINANCIAL STATEMENT8 FOR THE YEAR ENDED 31•t MARCH 2011 (Gonllnu•d 9. CREDrroR8 mihouse AA#ticlalion knan.. Dua lhthln one yaar 1,427 1,413 *Arfthln on• to yearn Due wlthln to fve yoar8 Du• after more than flve yaarn 1.440 2,185 1.427 3.625 Dup aftor than yoar 3,62J ,OJ2 £5,052 £6.465 AJMshOO ASn h)an18 unMcur•d arKI Is r•p•yablè by In8lalm•nts o¥tt a ten year tern) to ptemhr 2025. 10. RELATED PARTY TRAN8AcnoN8 Nom olthe tru8leM V•Yre paid any remuneratson or recelved any benoffta dLYlng Ihe year. ReThbursed exp¢n$e8 have beon di8dos•d in note 5 of th# Ilnancial statsments.
Rtgislered Charilv No. 241149 THE CARNIVAL ESTATES FUND INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CARNIVAL ESTATES FUND I report on the accounts of the Trust for the year ended 31si March 2021, which are set out in the Financial Statements Appended (pages 1 10 71. Res ective res onsibilities of trustees and examiner The charity's Iruslees are responsible for the preparation of the accounts. The charity s trustees consider that an audit is not required for this year under secb'on 144 of the Charities Act 2011 Ilhe Charities Act) and that an independent examination is needed. It is my responsibility to". examine the accounts under section 145 of the Charities Act lo follow the procedures laid down In the general Directions given by the Charity Commission (under section 14515llbl of the Charities Act) and lo slate whether particular matters have come lo my attention. Basis of the inde endent examiner's statement My examination was carried out in accordance with general Directions given by the Charity Commission. 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 the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a "true and fair" view and the report is limited to those mallers set out in the statement below. Inde endent examiner's statement In connection with my examination, no matter has come to my attention.. which gives me reasonable cause to believe that, in any material respect, the requirements.. lo keep accounting records in accordance with section 130 of the Charities Act,. and lo prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been mel., or To which, in my opinion, allenlion should be drawn in order to enable a proper understanding of the accounts lo be reached. R Mcconnell Bsc FCA E. H. Taylors 203 London Road Hadleigh, Essex SS7 2RD Dale..