# **THE CURFEW LAND (OTHERWISE KNOWN AS THE PARISH CLERK'S LAND) ALSO KNOWN AS THE CURFEW TRUST** **Registered Charity Number 243074** ## **ANNUAL REPORT AND FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 12th DECEMBER 2023.** ## **TRUSTEES** Rev Karen Reeves (Appointed 17 March 2021) retired 5th April 2023 Mrs Anna Newton Appointed 8th May 2022 Mrs V Verren Appointed 25 April 2021 Mrs Linda Carter Appointed 19th October 2019 ## **INVESTMENT MANAGERS** CCLA COIF Charities Investment Fund ## **BANKERS** Caf Bank ## **CORRESPONDENCE ADDRESS** c/o Mrs Linda Carter, Spindrift, 52 The Droveway St. Margaret's Bay. Dover. Kent CT15 6BZ. ## **INDEX** Page 1 Trustees Report Page 2 Statement of Financial Activities & Balance Sheet Page 3 Notes to the Financial Statements ## **THE CURFEW LAND (OTHERWISE KNOWN AS THE PARISH CLERK'S LAND) ALSO KNOWN AS THE CURFEW TRUST** **Registered Charity Number 243074** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 12th DECEMBER 2023** |**INCOMING SOURCES**
Charities Investment Fund (COIF)
Sale of Investments
Bank Deposit Interest
**LESS: RESOURCES EXPENDED**
Grants: CRepair to Tower
Bank Charges
**NET OUTGOING/INCOMING RESOURCES**
Add: Unrealised Gains/Losses on Investments
**NET MOVEMENT IN FUNDS FOR THE YEAR**|**£**
**£**
**2023**|**£**
**£**
**2023**|**2022**|**2022**| |---|---|---|---|---| |||**£**|**£**|**£**| ||1200
30000
8|31208|1412
3|1415
22077| ||-30000
-60||22000
77|| |||-30060||| |||1148||-20662
-6904| |||1148||-27566| |||||| ## **BALANCE SHEET AS AT 12th DECEMBER 2023** |**INVESTMENTS (Market Value)**
COIF Charities Investment Fund
1020 Units. Cost £1206.
(2022 2601 units)
**CASH AT BANK**
**Represented by:**
**ENDOWMENT FUND**
**UNRESTRICTED FUNDS**
Accumulated Income
Investment Gains
**TOTAL FUNDS**|**£**
**£**
**2023**|**£**
**£**
**2023**|**2022**|**2022**| |---|---|---|---|---| |||**£**|**£**|**£**| ||3128
17674|19874
3128||47357
1980| |||23002||| |||||49337| |||2200
20802|1980
45157|2200
47137| |||||| |||23002||| |||||49337| Page-2- ## **THE CURFEW LAND (OTHERWISE KNOWN AS THE PARISH CLERK'S LAND) ALSO KNOWN AS THE CURFEW TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 12th DECEMBER 2023** ## **1. ACCOUNTING POLICIES** - a. The financial statements have been prepared in accordance with the Statement of - Recommended Practice for Charities Accounting, but incorporating a Statement of Financial Activities and not a Receipts & Payments Account. - b. The financial statements have been prepared under historical cost convention except for the valuation of investments which are shown at market value at the balance sheet date. - c. Unrealised gains and losses on investments are recognised in the Statement of Financial Activities. - d. Income is recognised in the financial statements when received. No account is taken of income accruing, but not yet received. - e. Grants are accounted for when paid. No provision is made for amounts allocated or under consideration by the Trustees. ## **2. FUNDS** The original investment only is represented by an endowment fund of similar sum. The unrealised gains are therefore unrestricted. There are no Restricted or Designated Funds to be accounted for. The sale of units in July 2023 was within the conditions of the Trust. |**3. INVESTMENTS**
Charities Official Investment
Fund. 2601 Income Units
As at 20.07.2023 1020 units|**Original**
**Cost**
**£**|**Value at**
**13th Dec**
**2022**
**£**|**Investments**
**Realised**
**in the year**|**Value**
**Change in**
**2023**
**£**|**Value at**
**12th Dec**
**2023**
**£**| |---|---|---|---|---|---| ||2200|47357|-30000|2889|19874| ||2200|47357|0|2889|19874| ## **4. GRANTS.** |The following grants have been approved and paid:
Towards the cost of repairs to church tower.|**2023**
**£**|**2022**
**£**|**2021**
**£**| |---|---|---|---| ||30000|22000|0| ||30000|22000|0| Significant repairs to the tower were needed and with the support of grants in 2022 and 2023 have now been completed. Page-3- THE CURFEW LANO (OTHERMSE KNOWN AS THE PARISH CLERK3 LAND) ALSO KNOWN AS THE CURFEW TRUST TRUSTEES REPORT FOR 2023 Structurn, Gov•mance & M•)agom•nt records at the Charity Commission slate that in an old wish register , th8 parish of St. Margaret passed an order. in the year 16*, to ansure the ￿￿oPer app1K￿lIon of five rood$ of pasture land, whi had been 9iven by a shepherd v#ho fell over the cltff. for ringing the boll at 8 0'do¢k ev￿ night for tha wintar half year, and ￿lch ringirvJ had fallen groatly into rwloct. This land. supposed lo be of the arvwd yalue of2Qs ￿ (w&lby Clwk of tho parish. rw th& bail at 8 o'doc every evening dunno the winter months. The full text of th8 do￿Thnt 1$ on display in St. Margarofs ChL+rch and thi¥ 908s on lo state that it the onwing ctlligation for the (yarf8w b811 ringing falls to the ministers and churckwordens to apply ts rental funds to enswe the contir1￿1 riroing. This obligation has crealod the tradilion Ihat the trustees are the vic4r and chur(*wardons of Sl. Margaret's Church. for the lime of their resp8¢li¥e app)intsn6nts. Current Charity Commisison rulas require th8 appointment ol the Treasurer as a Trust*. ObjKllV￿ and Actlvltl The continued ringirwJ of tho ￿rI￿1 b811, a8 fewired by the original ordor. is the only stated obJ•clive for the Charity. In recent tirn￿, and fo11th￿r￿a a moy r8organisation of ts bell ccrfiguralion, it has boon possible to arraro8 for the b81110 be rung el￿tr￿l¢allY $0 Ihal ongoing f88 for thè ball-nnger no are proporly maintoinod. The Tfust therth ¢ontritwJte8 to these ¢x)8ts wt￿1 t￿Y ar8 in￿rred. The Trusto0$ aro mindful of th8 gOr￿ra1 guthr￿ from the C￿ty Commi$$ion on Public 8onofit. The church lower and curfew bell are traditional and hist￿1¢ a￿1$ sorviang tho local community and eontribule lo the provision of ac£ess to the Ch￿ch for the wd8r public. Achl•v•monts & P•rft>rmanc• One Granl was made during the year ttr•Md$ tho substantial o)8ts inwffed in wing ropairs of the tth￿. Tho amount of the grant was £30,fXXI. l¢y¥w Suppxts tho ￿rf•* b811. Tho ropair work8 are cimnplete. Flnanclal Rovlow. Tho trust ro¢￿V•d divthnds and bank intero$1 of £1,208 tho yoar. Tho grart rnado in 2022 had ulilised the then cash Surplus and it was nec6858ry lo sell SO￿ inveslments in Order to make a grant in 2023. The remainiThJ inve51mentS Q8rnraled a good dividerKI restoring tho c4$h barl( balance to a comfortab￿ level Ifd.1281. Anna Ntr*rt¢)n Lay Vice Chair Dated: 130th SePt￿ber 21r24 Pag8-1- THE CURFEW LAND (OTHERWISE KNOWN AS THE PARISH CLERK'S LAND) ALSO KNOWN AS THE CURFew TRUST I wtyjrton th*fina￿l￿ slateffrtolthe CknTNrtlorthe yex 12th Decernber 2023 ir• 4•t outon pages 1-3. The ch*tytrustee5 ire respwble fw the (*the fin•ntthl st*en*nt& thartytrustees (C*￿1¢1 ihat the 4udh1s fbot roquirnd ts Ihls)*ar urthr sattkn 141121 of th Ch•rltles 21r12 fihe 20n andlhatan Irthp¢nderf•xamiv4v(ffi Is n¢¢ded. It IsmYfWth￿blltrto'. •xamlne tht fln*ncL*l s¢•ierThents vrmler seetlon 145 oltheXIII Att lo ffjllow thewttedwes J•hJ In thE Gentral f￿re￿I￿$1￿*ft tythe Charfty Commissioners undpr%rtionJ451Sl Ibl of ihe 2011 Ac¢ and the Churth to slate wthttherpartkul•rm•ttwsh*¥e¢tyn•to rDyattentllln. M¥examination w•$ ¢ath•d wt In accr*d￿ th• Gqnwal tX"r•£tbonso14w byth• An 1nrnina￿ mc￿￿e$ i ￿•￿011￿•¥￿￿￿￿rQCQrdS k•prtyth• PCC a c4rnparl￿ ofthe fln•tKl•l thternentst*th thost act￿￿￿8 recrrts. n also lthd¢s any unysu•l Iternsor d1Xh)su￿ In the ftn•rKlal State1￿$èTrd seekh4 expbaDotlons frtyn you astNstees concernlr4 •rry Thewo¢eduresunderta*en do r￿¢ pro¥lde an Ehe *vld•n¢•that ¥wJukl In •n •ud¢ aThJ c¢xwu•fttty Onl¢Jn •stot￿eth¢rt￿ Anonclal ststemethts w¢sent • Irue andf4lr￿e￿ the report ts Ilmktd to Ih05t mallers set In tht st•twneni b•low. In cc￿neCtIOn wlth ry eumlnètlon. nom•tterh•sc(wto my attenkn.. l. whkh rne Te•wnable tause to bd*4Yth•t kn any miteriil respert the requlrem¢nis - tokeep actl￿rttl￿ T￿￿d5 in a(C￿danCeT*5￿h Serrknb 130olthe 2011 Art: •nd - to prépare fml￿131 #•iemÈrts*thlch ac(twd •ttovrtlni forNds and c¢¥nth Ihe olth¢ 2Qll hkn* not been met., or 2. towhlch. In my ownion. 3ttenihM Sh￿10 In ordertoonatyt • prww uNlerstsndlw ofthe Ar1￿cIal Statffi￿ lobe rtKh Rosemaryp Foreland Road, St. Margarets Bty CT15 6EB 3olc)q Ji¥ .