FUEL OR POOR'S ALLOTMENT, BURGH ST MARGARET REFERENCE AND ADMINISTRATIVE INFORMATION YEAR ENDED 31 MARCH 2023 The Trustees present their report and financial ststements for the year ended 31 March 2023. Charity Name Fuel or Poorfs Allotment, Burgh St Margaret Charity Number 243789 Registered Office Pèac8 Main Road Fleggburgh Great Yamouth Norfolk NR29 3BA Trustèes Mr Henry J Alston (Chair) Ms Leonie Davies Mr Alan Greenwood {resigned March 2023) The Reverend Sue Hems18y Halls (resigned 30 April 2022) Mr Johnathan Roper Mr Geffrey Tibbenham Secretary Mr Richard E Jordan Independent Examiner Mark Prtxtor FCA DChA Lovewell Blake LLP Chartered Accountants Bankside 300 Peachman Way Broadland Business Park Norwch Norfolk NR7 OLB Bankers 8arclays Bank PIC 40-42 Market Plac8 Great Yamouth Norfolk NR30 1LX
FUEL OR POOR'S ALLOTMENT, BURGH ST MARGARET REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 Objectives and Activlties 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 dislribuled in the fomi of payments for fvel 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 neSSary investment, in developing and safeguarding the SSI acedIta.On 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 tsken on additional activities which include the provision to each ¢hild under school leaving age who sleeps in the parish of Burgh St Margaret during the night preceding Plough Monday each year a loaf of br8ad on the following day. Publlc beneflt 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 ¢hildren in the parish. A¢hievement$, Perforniance and Flnancial Review The gross income for the year was £28,951 12022.. £26,099} and expenses amounted to £12,360 {2022. £21,937). Payments for loaves and cash amounted to £5,988 {2022'. £6,519). As at 31 March 2023 the charrty had cash reserves of £55,62512022'. £45,022). These reserves are held for future distribution to the beneficiaries of the chanty in accordance with the objectives and activities above.
FUEL OR POOR'S ALLOTMENr. BURGH ST MARGARET REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 21123 Structur¢. Goi'ernance and Managcmcnl Governing Documcnl I.UL'I c>r l? CXIT'% Alli?InKnl. IIw8h %1 Mur8ufL'I ¢¥b]iLMI in IIK)5 Dnd ix rLyi%iLY&l Hiih the c'nI}. LiTrnimi.¥ilTrnLr% wKk.I l..IK,l¢)¥urL' Ai( 41 (il.'l ). _? R¢T. Vi)] ?() l>?()7 Ik¢%i%lrulic>n Nilmy 2417XI)I. Rccruilnicni. Appoinlnicni and ReS$1b]lItI 0fTrus$ I.AILh 'l'ru%l¢x K'rn'iLL d IK'rt()d ill- l(>iJr 141 i'ii¢T%. .1 ni%lLL¥ rLsp)n%ihl¥ l(Trr IIK. 111[ m&niigLmLnl i)I' IhL' Jdn1ini4lrIl11n ()I' IIK. Lhuril) LcJnlciTtn. In L'D¥Y1. Iii ihL' PTlli'i%iim ¥lILy11 r¥'tiuifL'mLr)l% i)I' IhL L'lwrily LiiinniJ.%%iiiJ?. All Truslws iiho h4vc scn'cd during the ve&r arc lislcd on Pa¥c l. R E JORDAN Sccr¢thry FUEL OR POOR'S ALLOTMENT. BURGH ST MARGARET STATEMENT OF ASSETS AND LIABILITIES AS AT31 MARCH 2(123 2013 21122 MONEfARY ASSFrs Cash ai bank OTHER ASSETS I'h¥ LhaTJli aPFro%lmts1}. 135 acres tyr fen, aT)d arnb]e Ignd {s¢c pa8c 2 r()r &•iiiil&). Thc TnL%tLS ho%'L nijl i)hts1]d a %'aluation ot-thib lund.
FUEL OR POOR'S ALLOTMENT, BURGH ST MARGARET REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 Stnjcture, Governance and Management Govemlng Document Fuel or Poor's Allotment, Burgh St Margaret was established in 1965 and is regist8red with the Charity Commissioners under Enclosure Act 41 GEO. 3 Rep. Vol. 26 P267 (Registration Number 2437891. Recrultment, Appolntment and Responslblllty of Trustees Each Trustee services a period of four (41 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 Twstees who have served during the year are listed on Page 1. Signed on behalf of the trustees 26 Octobef 2023. R E JORDAN Secretary
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 tharity for the year ended 31 March 2023 which are set out on pages 5 to 7. Rèsponsibilities and basis of report As the charity's trustees you are responsible for the preparation ofthe accounts in accordan¢e with the requirements of the Charities Act 20111'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{5llb} of Ihe Act. Independent examinerfs Statement I have comp18ted my examination. I confirm that no material matters have come to my attention in connection with the examination giving me caus8 to believe that in any material respect.. accounting records were not kept in respect of the charity as required by s8¢tion 130 of th8 A¢t', or 2. the accounts do not accord with those records., I have no concems 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 Independent Examiner Lovewell Blake LLP Chartered Accountants Bankside 300 Peachman Way Broadland Business Park Norwich NR7 OLB 5 November 2023
FUEL OR POOR'S ALLOTMENT, BURGH ST MARGARET RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 RECEIPTS Rents reiVed RPA Other Bank interest Dividends 6,585 10,677- 1,650 5,370 20,696 1tk 33 18,951 / 26,099 Asset and investment sales TOTAL RECEIPTS 28,951 / 26,099 PAYMENTS Public liability insurance Professional charges Drainage rates Land contingencies Accountancy Advertising Website fees 372 7,116 410 3,533 510 240 372 6,165 14,293 16,591 4.162 Less Cash payments in lieu of coal Payment for loaves 5,800 188 6.400 119 EXCESS OF RECEIPTS OVER PAYMENTS 10,603 {2.357) GENERAL FUND BALANCE 1 APRIL 2022 GENEFIAL FUND BALANCE 31 MARCH 2023
FUEL OR POOR'S ALLOTMENT, BURGH ST MARGARET STATEMENT OF ASSETS AND LIABILITIES AS AT 31 MARCH 2023 2023 2022 MONETARY ASSETS Cash at bank OTHER ASSETS The Charity owns approximately 135 acres of wet fen, pasture and arable land {s88 page 2 for details). The Trustees have not obtained a valuabon of this land. On the transfer of assets from the Charities ststed within the trustees report, the Charity gained ownership of the follNing 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) thich is let urKler a short tem tenancy agreement. Approximately 12 acres of arable and grazing land which are let under agricultural tenancies, short temi leases and allotment holdings. During the year, the charity sold 245 square metres of this land for £10,000. The charity also gained ownership of 62.11 units of income shares in the COIF Charities Investment Fund. Their value as at 31 March 2023 was £1,162 {2022.' £1,208). CURRENT LIABILITIES Accounlancy fees of £558 (2022: £501) are payable. These financial stat8ments were approved by th8 Trustees on 26 October 2023 H J ALSTON JOHNATHAN ROPER
On the trpnsf£r of assets from thc ch8n.tics wthin th¢ repK)rt. the Charity gamed 0.%hIp ol'the li>llowing ror¢el% c)fid ol'whi¢h the hai'c n(> knO.}edge as kn their Yaluc". ' 4.7 acre8 of ESture lartd which are let under agnclllturfjl lenon¢)' llgreements. Iluif acre Trl. iiiahlc land I' IlallTLnn)' l.i)al- 5"'ield) wht¥h is lel utkler a iemi tcn8tiLJ agreem¥nl. Appri)xnialcly 12 aLrL% ol. arJblL and gr£iAill8 land iihi¢h l¢1 under a8nculiural $lnCIL, thort ILmi ILii*% #nd dlliitmL'nl IK?Iding4. ihL I'Lur. thL LhJril>'.%i>ld 245 nw'trL'% iFI' this lund li>r Ilts.IKKI. -IIK' chariiy 8ainLsd iJwThYyhip i)I' (12.1 l unil% of inci)mc %horL% in IhL QI)11.' LhariliLS Invc4imLnl I'und. 'I'hL'ir u% ul I l MaT¥I) 2(12.I Ll l(?2 (2(122'. Ll.21IX}. CURRENT LIABILITIES A¢L4)unlutiLy fLL% iifi55%12ITr22.. £5(11 l urc rwi'tshlL. 'I'heqL. IiiiaD¥ial tilllW'mcnl% uprdXii'Lxi M. ¢hi'l'nL%IL¥% lin H J ALSTON JOHNATHAN ROPER
FUEL OR POOR'S ALLOTMENT, BURGH ST MARGARET NOTES TO THE FINANCIAL STATEMENTS- 31 MARCH 2023 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 wer8 not ents'tled to or received any r8munefation or expenses during the year (2022.. £Nill. There were no transactions with related parties during the year12022'. £Nil)