Registered Charity Number - 241730
**POOR’S ALLOTMENT Known Locally as : WATLINGTON SUPPORT FUND REPORT AND ACCOUNTS YEAR ENDED 31 DECEMBER 2023**
|**CONTENTS**
Charity Information
Trustees’ Report
Independent Examiner’s Report
Statement of Financial Activities
Statement of Assets and Liabilities
Notes to the Accounts|**Page**
1
2 - 3
4
5
6
7 - 10|
|---|---|
Ridgefield Consulting Chartered Accountants 10 Station Road Henley on Thames Oxfordshire RG9 1AY
Page 1
## **POOR’S ALLOTMENT**
## **CHARITY INFORMATION**
**Trustees** Ms. R. Walmsley (Treasurer) Ms. N. A. Stafford (Chairperson) Ms. M. Barton Ms. D. Hobbs Mr. D. J. Tindale (Appointed 21 March 2023) Ms. D. J. Young (Appointed 21 March 2023) Ms. J Hocking (Appointed 15 September 2023) Mr. A Aherne (Appointed 15 September 2023) Mr. E Joint (Resigned 25 January 2023) Ms. S. McKinley (Resigned on 04 July 2023) Ms. S. Pullen (Resigned on 18 March 2024) **Secretary** Mrs. V. Marshall **Independent Examiner** S. B. Thomas ACA, Ridgefield Consulting Chartered Accountants, 10 Station Road, Henley on Thames, Oxfordshire, RG9 1AY **Charity Office** Watlington Community Office, 1 Old School Place, Watlington, Oxfordshire. OX49 5QH **Charity Number** 241730
Page 2
## **POOR’S ALLOTMENT**
## **TRUSTEES REPORT**
The Trustees present their Report and the Financial Statements of the Charity for the year ended 31st December 2023.
## **Structure, Governance and Management**
The Charity was constituted by Deed of Trust as Poor’s Allotment on 22nd April 1815 and is registered with the Charity Commissioners number 241730.
Trustees are appointed at the AGM and serve for a four year term.
The Trustees who served during the year were:
Ms. S. Pullen Ms. R. Walmsley Ms. M. Barton Ms. D. Hobbs Mr. E. Joint Ms. N. A. Stafford Ms. S. McKinley Ms. D. J. Young Mr. D. J. Tindale Mr. A Aherne Ms. J Hocking
Trustees are all residents and are considered to have a good standing within the local community. These factors, along with the individual’s ability to make informed and considered decisions, are taken into account before a Trustee is appointed.
## **Aims and Organisation**
The objectives of the Charity are :
**1.** The relief of persons resident in the parish of Watlington who are
- In need, hardship or distress or sick, convalescent, disabled or infirm. - By relieving their suffering or assisting their recovery.
**2.** The Trustees may relieve persons in need or those eligible for assistance by :
- Making grants of money to them, or
- Providing or paying for goods, services or facilities for them, or
- Making grants of money to other persons or bodies who provide the good services or facilities to those in need or those eligible for assistance.
**3.** In exceptional cases the Trustees may decide to assist someone (who must otherwise be qualified) who is resident immediately outside the area of benefit or only temporarily resident in the area of benefit.
Page 3
## **POOR’S ALLOTMENT**
## **TRUSTEES REPORT**
## **Review of Activities**
During the year, the Charity generated incoming resources of £40,986 (2022: £37,150). This enabled the Charity to provide donations of £17,532 (2022: £4,418) to support individuals and charitable groups within the parish of Watlington.
## **Future Plans**
The Charity aims to continue to provide support and assistance to those in need within the parish of Watlington.
## **Reserves Policy**
The Charity aims to maintain sufficient reserves to ensure that it can continue to meet its objectives within the local community. This policy has been achieved again this year.
## **Trustees’ Responsibilities**
The Trustees recognise their responsibility for keeping proper accounting records and preparing Financial Statements each year. The appended accounts have been prepared on the accruals basis and have been examined by an Independent Examiner, whose report is also attached.
## **Public Benefit**
The Trustees have paid due regard to guidance issued by the Charity Commission with regards to Public Benefit.
## **Laws and Regulations**
The Charity has been compliant with prevailing laws and regulations in force during the year.
This Report was approved by the Trustees :
Ms. R. Walmsley Trustee
Ms. N. A. Stafford Trustee
Date:
Page 4 **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF**
## **POOR’S ALLOTMENT**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2023 which are set out on pages 5 to 10.
## **Responsibilities and basis of report**
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent Examiner’s Statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
S. B. Thomas, ACA Kench & Co Ltd Chartered Accountants, 10 Station Road, Henley on Thames, Oxfordshire. RG9 1AY
Date:
Page 5
## **POOR’S ALLOTMENT**
## **INCOME AND EXPENDITURE ACCOUNT**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 31 DECEMBER 2023**
|**INCOME**
COIF Deposit Interest
Charinco Interest
Dividends
Grazing Licence
Rental Income
Other Income - Donations
Total Incoming Resources
**OUTGOINGS**
Direct Charitable Expenditure – Donations
Management and Administration
Watlington Public Charities - Rent
Depreciation
**Net Incoming Resources for the Year**
(Deficit)/Surplus on Revaluation of Investments
Funds as at 1 January 2023
Funds as at 31 December 2023|Unrestricted
funds
**2023**
34,834
5,501
10
640
_____
40,986
(17,532)
(17,236)
(400)
(300)
______
(35,468)
5,518
34,114
896,426
______
936,058||Unrestricted
funds
**2022**
307
481
33,392
2,950
10
10
_____
37,150
(4,418)
(9,398)
(800)
(300)
______
(14,916)
22,234
(84,702)
958,894
______
896,426|
|---|---|---|---|
|||||
Page 6
## **POOR’S ALLOTMENT**
## **BALANCE SHEET**
## **STATEMENT OF ASSETS AND LIABILITIES**
## **31 DECEMBER 2023**
|||||
|---|---|---|---|
|**Fixed Assets**
Tangible Assets
Investments
**Current Assets**
Debtors
Cash at Bank and in Hand
**Creditors** : Amounts falling due within one year
**Net Current Assets**
**Total Assets Less Current Liabilities**
**Net Assets**
**Capital and Reserves**
Income and Expenditure Account (Unrestricted
funds)|**Note**
**2023**
2
5
3
865,336
______
865,341
4
73,274
_____
73,274
5
(2,557)
_____
70717
______
936,058
______
936,058
6
936,058
______
936,058||**2022**
305
831,221
______
831,526
1,239
67,472
_____
68,711
(3,811)
_____
64,900
______
896,426
______
896,426
896,426
______
896,426|
Approved by the Trustees on :
Ms. N. A. Stafford Trustee
Page 7
**POOR’S ALLOTMENT**
**NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2023**
## **1 Accounting Policies**
## **Charity information**
Poor’s Allotment was established by Deed of Trust on 22 April 1815 as an unincorporated charity and is registered with the Charity Commissioners, charity registration number 241730.
## **Accounting convention**
These accounts have been prepared in accordance with FRS 102 ”The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”), “Accounting and Reporting by Charities” the Statement of Recommended Practice for charities applying FRS 102, the Charities Act 2011 and UK Generally Accepted Accounting Practice as it applies from 1 January 2015. The Trust is a Public Benefit Entity as defined by FRS 102.
The accounts are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The accounts are presented in sterling which is the functional currency of the charity and rounded to the nearest £.
## **Incoming Resources**
Income is recognised when the Trust is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Trust has been notified of the donation, unless performance conditions require deferral of the amount.
## **Tangible fixed assets**
Freehold land and buildings and computer equipment are stated at cost less depreciation. Depreciation on computer equipment is charged on a 3 years straight line basis.
## **Fixed asset investments**
Fixed asset investments are initially measured at transaction price, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in the income and expenditure account.
Page 8
**POOR’S ALLOTMENT**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **Financial Instruments**
The Trust has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Trust’s Balance Sheet when the Trust becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the Financial Statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## **Basic financial assets**
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest rate method. Financial assets classified as receivable within one year are not amortised.
## **Basic financial liabilities**
Basic financial liabilities, including creditors are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## **Derecognition of financial liabilities**
Financial liabilities are derecognised when the Trust’s contractual obligations expire or are discharged or cancelled.
Page 9
**POOR’S ALLOTMENT**
**NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2023**
|**2**|**Tangible Fixed Assets**
**Cost**
At 1 January 2023
Additions
Disposals
At 31 December 2023
**Depreciation and impairment**
At 1 January 2023
Depreciation charged in year
Eliminated in respect of disposals
At 31 December 2023
**Carrying amount**
At 1 January 2023
At 31 December 2023|**Land &**
**Buildings**
5
-
-
______
5
-
-
-
______
5
5
______
5|**Computer**
**Equipment**
900
-
-
______
900
600
300
-
______
900
0
______
0|**Computer**
**Equipment**
900
-
-
______
900
600
300
-
______
900
0
______
0|_
|**Total**
905
-
-
_____
905
600
300
-
_____
900
5
_____
5|
|---|---|---|---|---|---|---|
|||||__
|||
|||||__
|_
||
||||||||
|||||__|||
|**3**|**Investments**
At 1 January 2023
Additions
Revaluation surplus/(deficit)
At 31 December 2023
**Analysis of Investments**
Listed Investments|**Investments**
**In COIF**
**Funds**
475,887
-
40,631
______
516,518|**Investments**
**In**
**M & G**
**Charifund**
326,271
-
(7,666)
______
318,605|**Other**
**Investments**
29,063
-
1,150
_____
30,213
**2023**
865,336
______
865,336|**Total**
831,221
-
34,115
______
865,336
**2022**
831,221
______
831,221|
|---|---|---|---|---|---|
|||||||
|||||||
|||||||
Page 10
## **POOR’S ALLOTMENT**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2023**
|**4**
**5**
**6**|**Debtors**
Trade debtors
Unpaid rental income
Accrued income
**Creditors** : Amounts falling due within one year
Other Creditors
Deferred Income
Accruals
**Income and Expenditure Account**
At 1 January 2023
Net incoming /(outgoing) resources for the year
At 31 December 2023|**2023**
-
-
-
____
**2023**
-
757
1,800
____
2,557
**2023**
896,426
39,632
________
936,058|**2022**
450
725
64
**____**
1,175
**2022**
2,856
723
232
____
3,811
**2022**
958,894
(62,468)
________
896,426|
|---|---|---|---|
## **7 Trustees’ Remuneration**
The Trustees received no remuneration and no expenses were reimbursed to Trustees during the year.
## **8 Restricted Funds**
There were no restricted funds in the year ended 31st December 2023.
## **9 Related Party Transactions**
There are no related party transactions during the year ended 31st December 2023.