2023-06-30-accounts - The Harold Dean Charity

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The Harold Dean Charities

Annual Financial Report for year ending 30[th] June 2023

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 2023 the total income from the fishing rights was £48062, out of this the angling club retain 25% for expenses, and so the net income was £36047 an increase of £910 on the previous year. The interest gained from the COIF Charity Fund deposit account was £996, an increase of £959 on the previous year, in line with the improvement in the interest rate.

Operational expenses: Rents payable on the hire of the third lake remained at £2500. The Honorarium and Trustees expenses were similar to the previous year at £1225. Public Liability Insurance was the same as the previous year at £268, however, an additional insurance for Trustees liability had been taken out at a cost of £333. Toilet Hire, maintenance and electricity were very similar to the previous year at a total of £4267. There was also a one off cost for the valuation of the Ocean lake of £2432.

The distribution to local and national charities was held at the same level as 2022. The Morley Methodist Church had made it known that they no longer required the donation, and the Wortwell URC donation in 2022 was a one off payment.

Thus at the year end there was a surplus of £13017 of income over expenditure.

The balance sheet consists only of money held in deposit and in the bank, and for the first time the accountants agreed that a notional value of the land and lakes should be included. The total reserves have increased by the surplus of £13017 plus the valuation of £250000 to an overall reserve of £316195. The normal reserve policy is to retain one year’s income as a reserve as a contingency against any unforeseen interruption to the income. This has now been revised to one years income plus the valuation of the land and lakes.

The Charity does not have any debts.

The accounts were independently audited by Van Dijk Accountants. The Trustees agreed the accounts at their annual general meeting on October 16th 2023

Chris Basford Secretary/Treasurer to the Trustees 17[th] October 2023

The Harold Dean Charity Registered Charity No. 266850

Accounts

for the Year Ended 30 June 2023

The Harold Dean Charity

Registered Charity No. 266850

Receipts and Payments Account for the Year Ended 30 June 2023

*£50* 1250.00 1000.00 1000.00 2000.00 1250.00 500.00 1000.00 2000.00 2000.00 500.00 0.00 500.00 0.00	2023 £ 48062.00 996.37	1250.00 1000.00 1000.00 2000.00 1250.00 500.00 1000.00 2000.00 2000.00 500.00 500.00 500.00 500.00	2022 £ 46849.00 37.02 46886.02 47296.03
	49058.37 36040.69 13017.68
13000.00		14000.00
12015.50 2500.00 0.00 0.00 1574.60 267.68 332.71 2445.60 247.20 2432.40 850.00 25.00 350.00		11712.25 2500.00 10000.00 0.00 1450.17 267.68 0.00 2370.41 280.52 3590.00 800.00 25.00 300.00
23040.69		33296.03
£		£
			(410.01)

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The Harold Dean Charity

Registered Charity No. 266850

Balance Sheet as at 30 June 2023

2023 £ Investment Assets Land in the Parish of Weybread 250000.00 Cash Funds Community Account 19992.80 COIF Deposit Account 46203.09 TOTAL ASSETS £ 316195.89 £ Balance at 01 July 2022 53178.21 Land introduced at valuation 250000.00 Surplus (Deficit) for the year 13017.68 TOTAL RESERVES £ 316195.89 £	2022 £ 0.00 32971.49 20206.72 53178.21 53588.22 0.00 (410.01)
	53178.21

Note: The land in the Parish of Weybread consists of over 20 acres of land. It has been valued by the Trustees at estimated fair value.

Signed as approved on behalf of the trustees

Chris Basford Secretary / Treasurer to the Trustees 31 October 2023

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INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE HAROLD DEAN CHARITY

I report to the trustees on my examination of the accounts for the Harold Dean Charity (the Trust) for the year ended 30 June 2023.

Responsibilities and basis of report

As the charity trustees of the Trust 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 Trust’s accounts carried out under section 145 of the 2011 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 Trust as required by section 130 of the Act; or
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.

P N van Dijk FMAAT Van Dijk Accountants Limited Georgian House 34 Thoroughfare Halesworth Suffolk IP19 8AP

31 October 2023

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