## **The Harold Dean Charities** ## **Annual Financial Report for year ending 30[th] June 2021** Registered Charity no. 266850 Trustees: Mr G E Frost Mr G W Frost Mr R Goodwin Mr N Tibbenham Mr C Mosse Mr J Hutchinson The Harold Dean Charity was set up by the late Mr Dean, to administer two flooded ex-gravel workings in the parish of Weybread in Suffolk. The Charities remit was to gain income from these lakes to redistribute to local churches and other specified charities. The Trustees have subsequently gained the lease on a third lake to increase revenue potential. All the income is from a single source, i.e. the letting of the fishing rights on the three lakes. In the year to June 2021 the total income from the fishing rights was £51061, out of this the angling club retain 25% for expenses, and so the net income was £38296 an increase of £3988 on the previous year. The interest gained from the COIF Charity Fund deposit account was £7, a decrease of £99 on the previous year, in line with the very low interest rate. Operational expenses: Rents payable on the hire of the third lake reduced were down from £5000 to £2500 due to the owner of the south eastern part of the lake discontinuing our access. The Honorarium and Trustees expenses were similar to the previous year at £1177. Insurance was the same as the previous year at £268. However, the hire of the portable toilets were down by £135 on the previous year at £2075. Maintenance expenses were down on the previous year by £1256 at £1433. The distribution to local and national charities was held at the same level as 2020 despite the increase in income. At the time this decision was made the Coronavirus pandemic had created a large amount of uncertainty over the future income of the Trust and it was agreed to increase the amount held in reserves. Thus at the year end there was a surplus of £17348 of income over expenditure. The balance sheet consists only of money held in deposit and in the bank, and the total reserves have increased by the surplus of £17348 to an overall reserve of £53538. The normal reserve policy is to retain one year’s income as a reserve as a contingency against any unforeseen interruption to the income. The Charity does not have any debts. The accounts were independently verified by Mr. M. Philpot. The Trustees agreed the accounts at their annual general meeting on October 9th 2021 Chris Basford Secretary/Treasurer to the Trustees 19[th] October 2021 Harold Dean Charities Registered Charity No. 266850 Summary of Income & Expenditure- Year ended 30th June 2021 INCOME 2021 2020 Rgnts- H8rfe5ton, WorNvell & DL8trict Angling Club Intarest- COIF Charity Fund £51,(￿l.(￿l £7.44 £45,744.00 £106.40 TOTAL INCOME £51,068.44 £45,850AO EXPENDITURE Donatlons Waveney District Chrisiian Aid Harleslon Royal Brrtish Legion Cancer Research Fressingfield Melhodist Churth Norfolk and Norwich So)pe Assn Gcx)dwin Hall Trust Norfolk & NOr￿￿h Assn for the BliThJ Harleston Methodist Church East Anglian Ambulance Waveney Valley First Re$r0)d￿$ Morley Methodist Church Rural Coffeè Van Per Sha 25 20 20 1250. 10(M). lo￿.(￿} 2(YJ).(KJ 129).Tr) 1250.IJI 1LKIO.00 i￿)0.00 2000.00 1250.OD 500.OQ 1000.00 2000.00 2(K)O.00 500.00 500.00 5Th).00 25 10 10CL).LM) 21KK>. 10 10 10 270 £13.500.00 £13.$00.IKI Expenses Management Fee- HaAeston Worfftll DAC R8r)t of No.3 pit- Mr M Wall Rent ol No.3 pit- C H Cornber Lid Fish Stocking Maintenance Zurich Muniapal Insurance Hire of Toilet & Insurance - Harteston, Wor￿1 DAC Electricty Land Registry Fees Hon Sec & Treasurer HorK)rarium Hon Sec & Treasurer Expenses Trustees Travelling Expense5 12765.24 11436.00 25(X).(x) 25￿.￿1 25(K).00 1174.51 267.68 2075.50 218.54 41.94 2586.30 267 68 2210.88 102.93 27. £20220A1 £22.728.79 TOTAL EXPENDITURE £33.720.41 £36.228.79 SURPLUS OF INCOME OVER EXPENDITURE £17.348.03 £9.621.61 l certify that. b8S8d on the dO¢uM￿lS and infom)atK)n plovided. these ststerrEnts represent fairty the finanoal position of the Harold Dean Chanty"es as at 30th June 2021 and ILS inLvr¥ and expenditure during Ihe year. Page 1 Harold Dean Charities Balance Sheet as at 30th June 2021 Community Account COIF Deposit Account 33368.52 20169.31 TOTAL ASSETS £53,537.83 Balance Bifwd from 2020 Surplus from 2021 36189.80 17348.03 TOTAL RESERVES £53,537.83 Note.. The Chariws assets also consist of over 20 acres of land in the parish of Weybread which was bequeathed lo the chaiity and hence has no purchased value. Page 2 Harold Dean Charities Bank Reconciliation Statement Bank Statement as al 301h June 2021 Community Account No. 20281298 £36,918.52 Less unpresented cheques 10071XJ 100701 100702 100703 100704 100696 100698 1(M).(K) 1000.C(I 1250.IX) 1￿7￿? £3.550.00 BALANCE £33.368.52 Page 3 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examinei s Report Report to the trusteegl members of On accounts for the year ended lp af•21 Charlty no (rf any) 2bStS• Sot out on pages I report to the tnjstees on my examination of the accounts of the al)ove chartty (Ihe Trusf) for the year ended Responsibilitios and basis ol report As the tharitys trustees. are responsible for the preparatron of the accounts in accordan￿ wilh the requirements of the CharFties Act 2011 Acy). I report in resFeCt of my examinats.on of the T￿￿rS accounts Ca￿led out under section 145 of the 2011 Act and in carying out my examinalion, I have followed all the applicable Directbons gNen by the Charity Commission under section 145(5){b) of the Act. Independent examiner's statement I have corn￿eted my examination. l confim that no material matters have come to my attention in connection *ryth the examination4•lhoA gives me caus8 to believe that in. any material respect." the accounting re￿rdS ￿Ere not kept in accordance with section 130 of the Chariti8s Ad.. or the accounts did not accord with the ac(xwnting records: or the accounts did not comply with the applicable requirements conceming the form and content of accounts set out in the CharitEs (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fairf view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examinab'on lo whith attention should ￿ drawn in this report in order to enatje a propèr understanding of the accounts to be reached. ' Please delete the ￿)r{ts in the brackets rfthey do not apply. Signed: Name.. Relovant professional qualification($) or body IER Oct 2018 (if any): Address: Section 8 Diselosure Only complete if the examiner needs to highlight material matters of concern {see CC32, IndeFendenl examination of charrty accounts: direCtior￿ and guidance for examiners). Give hore brief detalls of any ltsms that the examiner wishes to disclo$6. IER Oct 2018