Registered Charity No: 243789
FUEL OR POOR’S ALLOTMENT, BURGH ST MARGARET (Otherwise known as Burgh Poor Lands Charity)
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
| Page | |
|---|---|
| Report of the Trustees | 1 - 3 |
| Independent Examiner’s Report | 4 |
| Receipts and Payments Account | 5 |
| Statement of Assets and Liabilities | 6 |
| Notes to the Financial Statements | 7 |
FUEL OR POOR’S ALLOTMENT, BURGH ST MARGARET
REFERENCE AND ADMINISTRATIVE INFORMATION
YEAR ENDED 31 MARCH 2022
The Trustees present their report and financial statements for the year ended 31 March 2022.
| Charity Name | Fuel or Poor’s Allotment, Burgh St Margaret |
|---|---|
| Charity Number | 243789 |
| Registered Office | Peace |
| Main Road | |
| Fleggburgh | |
| Great Yarmouth | |
| Norfolk | |
| NR29 3BA | |
| Trustees | Mr Henry J Alston (Chair) |
| Ms Leonie Davies (appointed 9 June 2021) | |
| Mr Alan Greenwood | |
| The Reverend Sue Hemsley Halls (resigned 30 April 2022) | |
| Mr Johnathan Roper | |
| Mr Geffrey Tibbenham (appointed 9 June 2021) | |
| Secretary | Mr Richard E Jordan |
| Independent Examiner | Mark Proctor FCA DChA |
| Lovewell Blake LLP | |
| Chartered Accountants | |
| Bankside 300 | |
| Peachman Way | |
| Broadland Business Park | |
| Norwich | |
| Norfolk NR7 0LB | |
| Bankers | Barclays Bank Plc |
| 40-42 Market Place | |
| Great Yarmouth | |
| Norfolk | |
| NR30 1LX |
1
FUEL OR POOR’S ALLOTMENT, BURGH ST MARGARET
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2022
Objectives and Activities
The Charity is the result of an award of land and Common Rights set up by the Burgh and Billockby Enclosure Award 1804 and regulated under this Award for the benefit of poor inhabitants of Burgh St Margaret and Billockby. In living memory the income has mainly been distributed in the form of payments for fuel or cash payments in lieu to pensioners and widows within the parish.
The Trust is further charged with the management and conservation of Burgh Common and its adjacent land. The Trust works with a number of associates in conducting regular assessment and where necessary investment, in developing and safeguarding the SSI accreditation that Burgh Common possesses. Further opportunities exist through land sectors, which are set aside for grazing and arable farming.
Following a merger in 2010, the Charity has taken on additional activities which include the provision to each child under school leaving age who sleeps in the parish of Burgh St Margaret during the night preceding Plough Monday each year a loaf of bread on the following day.
Public benefit
The Trustees have had due regard to guidance published by the Charity Commission on public benefit and consider the Charity provides a public benefit through its distribution of fuel payments to pensioners and widows and loaves to children in the parish.
Achievements, Performance and Financial Review
The gross income for the year was £26,099 (2021: £13,153) and expenses amounted to £21,937 (2021: £10,864). Payments for loaves and cash amounted to £6,519 (2021: £6,300).
As at 31 March 2022 the charity had cash reserves of £45,022 (2021: £47,379). These reserves are held for future distribution to the beneficiaries of the charity in accordance with the objectives and activities above.
2
FUEL OR POOR’S ALLOTMENT, BURGH ST MARGARET
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2022
Covid-19
During the year ended 31 March 2021, the Trust completed its assessment of operating parameters in line with requirements and where necessary sort the advice of professional bodies when needed. We conducted extensive evaluation into processes and practices and we are content in our operating boundaries, our practices are compliant with current obligations.
Covid-19 has affected the Trust also, it has been difficult to obtain Trustees views and wishes in a timely manner but in the main, we have been able to operate successively. There has been a number of requests for advice and help in these difficult times. We have received requests through our special needs sector and we have allotted and distributed funds where needed. The Trust has continued to carry out work in our conservation sector and we have plans to carry out work on the common in the coming months.
As always, we seek to get the message out to the villagers of Fleggburgh and Billockby and we will continue to do this with further explored methods.
As previously stated, Covid-19 has left us with questions as to where we can aid individuals further in difficult times we will continue and develop further measures in our administration of good causes.
Structure, Governance and Management
Governing Document
Fuel or Poor’s Allotment, Burgh St Margaret was established in 1965 and is registered with the Charity Commissioners under Enclosure Act 41 GEO. 3 Rep. Vol. 26 P267 (Registration Number 243789).
Recruitment, Appointment and Responsibility of Trustees
Each Trustee services a period of four (4) years. Trustees are responsible for the general control and management of the administration of the charity and conform, in general, to the provision and current requirements of the Charity Commission.
All Trustees who have served during the year are listed on Page 1.
Signed on behalf of the trustees
R E JORDAN
Secretary Date: 12 September 2022
3
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES,
FUEL OR POOR’S ALLOTMENT BURGH ST MARGARET
I report to the charity’s trustees on my examination of the accounts of the charity for the year ended 31 March 2022 which are set out on pages 5 to 7.
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:
- 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;
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.
Mark Proctor FCA DChA Bankside 300 Independent Examiner Peachman Way Lovewell Blake LLP Broadland Business Park Chartered Accountants Norwich 24 October 2022 NR7 0LB
4
FUEL OR POOR’S ALLOTMENT, BURGH ST MARGARET
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2022
| 2022 | 2021 | 2021 | |||
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| RECEIPTS | |||||
| Rents received | 5,370 | 3,600 | |||
| RPA | 20,696 | 9,170 | |||
| Other | - | 350 | |||
| Bank interest | - | 1 | |||
| Dividends | 33 | 32 | |||
| 26,099 | 13,153 | ||||
| Less | |||||
| PAYMENTS | |||||
| Public liability insurance | 372 | 372 | |||
| Professional charges | 6,165 | 5,222 | |||
| Drainage rates | 388 | 519 | |||
| Land contingencies | 14,293 | 3,254 | |||
| Accountancy | 480 | 582 | |||
| Advertising | 90 | - | |||
| Donations | - | 700 | |||
| Website fees | 149 | 215 | |||
| 21,937 | 10,864 | ||||
| 4,162 | 2,289 | ||||
| Less | |||||
| Cash payments in lieu of coal | 6,400 | 6,300 | |||
| Payment for loaves | 119 | - | |||
| 6,519 | 6,300 | ||||
| EXCESS OF (PAYMENTS OVER RECEIPTS) | (2,357) | (4,011) | |||
| GENERAL FUND BALANCE 1 APRIL 2021 | 47,379 | 51,390 | |||
| GENERAL FUND BALANCE 31 MARCH 2022 | 45,022 | 47,379 |
5
FUEL OR POOR’S ALLOTMENT, BURGH ST MARGARET
STATEMENT OF ASSETS AND LIABILITIES
AS AT 31 MARCH 2022
| MONETARY ASSETS Cash at bank Cash at Brown & Co |
2022 £ 45,022 - 45,022 |
2021 £ 45,392 1,987 47,379 |
|
|---|---|---|---|
OTHER ASSETS
The Charity owns approximately 135 acres of wet fen, pasture and arable land (see page 2 for details). The Trustees have not obtained a valuation of this land.
On the transfer of assets from the charities stated within the trustees report, the Charity gained ownership of the following parcels of land of which the Trustees have no knowledge as to their value:
-
4.7 acres of pasture land which are let under agricultural tenancy agreements.
-
Half acre of arable land (The Halfpenny Loaf Field) which is let under a short term tenancy agreement.
-
12 acres of arable and grazing land which are let under agricultural tenancies, short term leases and allotment holdings.
The charity also gained ownership of 62.11 units of income shares in the COIF Charities Investment Fund. Their value as at 31 March 2022 was £1,208 (2021: £1,111).
CURRENT LIABILITIES
Accountancy fees of £501 (2021: £480) are payable.
These financial statements were approved by the Trustees on 12 September 2022.
H J ALSTON
JOHNATHAN ROPER
6
FUEL OR POOR’S ALLOTMENT, BURGH ST MARGARET
NOTES TO THE FINANCIAL STATEMENTS - 31 MARCH 2022
ACCOUNTING POLICY
1. Basis of accounting
The accounts have been prepared on a Receipts and Payments basis.
2. Transactions with Trustees and related parties
The Trustees were not entitled to or received any remuneration or expenses during the year (2021: £Nil). There were no transactions with related parties during the year (2021: £Nil)
7