St Stepherts Cottages Rumburgh Trust 16 Broad Street Bungay Suffolk NR35 1EN Lathng Gowen LLP Chartered A(untsnts Faiers House Gilray Road IP22 4WR Dear Lng Gowen st Stophen8 Cottages Rumburyh Trust- Year endod 5 Aprll 2023 We confim to the best of our knowledge and belief, and having made appropriate enquiries of other trustees and 031S of the charity. the fc41owing representatan$ gNen io you in connectTon wilh your examinab'on of the tharty's annual accounts forthe above period. Preparatlon of the Flnanclal Statem•nts We acknowledge as trustees our responsibility for preparing the account and statement in arLordanGe with the Charities Act 2011 and regulations thereunder. We confiTh that the charity is within the criteria set out in Charities Act 2011 section 145, for its accounts io be ey2mined by an independent examiner, and has made the elion LSnder that section for its artS to be so examined. As albwed by Charities Act 2011 section 133, we have elecled to prepare a receipts and payments account and a ststement of assets and liabilities a$ the charity's annual statement ofaccounts Al the accounting records have been made available to you for the purpose of your examination AJI cash transactions undertaken by the charity and all its monetary assets have teen properly ref*cted arKI r[ded in the unIs. Accounting le$ have been applied consistentty with prevlous year Law and Regulation We confirm thal we are ts8ponsible for ensuring that the charty complie5 With the I and regulaticS applicable to its adwities and in particular tis status as a regi8tered charity, and for establishing arrangements designed to prevent any non-compliance with laws and regulations and to detect any that We are not aware of any irregularthes, including fraLwJ, involving managemenl or employees of the chanty., nor are we aware of any breaches or possible breache5 of statute, wulations, contrxts, lorl agreements which might prejudice tha charity's going o)ncem status or that might resutt in the Charity suffering signiftant penalties or other loss. No allegalions of such irregularilies, including fraud, or such breaches have come to our noke. We have disclosed to you all known instances of non<0mplian or suspected nonwrMpliaft¢e with laws and reguk41ions whose effects should be conSided when preparing the financial statements. We confimi there is n¢)thing to report to you in respect of matters of material sign1fican rep)rted to the Charty Commission nor any on-going enquiry raised by the Charity Comrnission. In approvwig the financial statements, the trustees are confimiing that, to the best of their knoedge and lief. those Statements gNe a true and fair view and have been prorerty prepared in accorda with the Charibes Act 1993. Youfs faithfully Signed on bohaif of th• Truste83 Signabjre.. signatu . Trfe '. Trustee Date: 20 l as Iz(24 Title '. Trustee Date. zo10514
Charlty No. 268999 ST. STEPHENS COThAGE8 RUMBURGH TRUST RECEIPTS AND PAYMEpifs ACCOUNTS AND STATEMENT OF ASSETS AND UABILITIES FOR THE YEAR TO 5 APRIL 2023
ST. STEPHENS COTTAGES RUMBURGH TRUST RECEIPTS AND PAYMENTS ACCOUNT8 FOR THE YEAR TO 5 APWL 2023 Contents Pag• Annual report Legal and &Jministfatr¥e information Independ&nt examiners report Staterrmt of assets and liabiliies Receipts and payments account Ndes to Ihe financial statements 10
Trustees. Annual Report for the period I Pgriod date j Perh end date ,, mth l April Year 2022 From Year 2023 Section A Reference and administration details Charlty narne St Stephens Cottages Rumburgh Tmst other names charlty Is known by Reglstsred charlty number (rf any) 268999 Charlty's prlnclpal address 16 Broad Street Bungay Sufft)Ik Postcode NR36 1EN Names of the charlty tru8tees who managfr the charlty Tru$tse namè Office Ofany) Date¥ acted If notfoT Name of parnon lor body) ¢ntiUed int trust•• David J Sprake John E Flatt 10 12 13 14 15 16 17 18 19 20 Names of the trustees for the charlty, If any, (for example, any custodlan trustees) Name Dates acted If not for whole ear TAR Aprll 2009
Names and addresses of advlsers {Optlonal infomiatlon) of advlser Name Address Name of chief executlvo or nanie6 of senlor staff members (Optional inforniatlon) Section B Structure, overnance and mana ement Descrlption of the charity's trusts Type of governing document {8g. trust deed, eonslilulion) l of Blanch Mildred Per¢tval Gosden How the charty is constituted (eg. trust, association. company) By clause 8 of the above will Trustee selection methods leg. appointed by. elected by) By exisling trustees in 8¢¢ordance with clause 9 of the above will Add5tlonal govomanrR issues (Optlonal Infomiatlon) You may choose to include additional infomiation, where relevan( about: policies and procedures adopted for the induction and training of trustees: Ihe charitys organisational structure and any wider neknrk with which the charity works., • relationship with any related trustees, consideration of major risks and the system and procedures to manage thern. Section C Ob"ectives and activities After providing for the maintenance of St Stephens Cottages, any surplus should be used towards repairing, furnishing and equipping the churches of Rumburgh Abbey and St Michael, South Elmham. Summary of the objects of the charity set out In Its governlng document TAR April 2009
The trustees maintain and upgrade the cottages on the recommendations of the managing agents. Surplus income is used lo assisl in the maintenance of the Abtey and St Michaels and repair or upgrading the buikjings. The Trusteas have given due consideration to general guIdae published by the chaTty commission relating to public benefft. Summary ofthe maln activities undertaken forthe publlc beneflt In relation to these objects (Include wlthln thls section the statutory declaratlon that trustses have had regard to the guldanco Issued by the Charity Commission on public benefrt) Additional detai15 of objectlves and actlvltles (Optional Inforniatlon) You may choose to indude further staterrnts. where relevant. about: policy on grantrnaking" policy programme related investment; contribuiion made by volunteers. TAR Aprll 2009
Se Achievements and performance Grants to Rumburgh for grass cutting and general maintènance withwi the churchyard. Summary of the main achlevements of thg charlty durlng the year Re-roof Nos 2, 3 & 4, re-roof garage at No 2, new window units at No 4. replace fencing at nos 3 & 5. General repairs and maintenance to all cottages. TAR Aprll 2009
Se onE Financial review Brlef statement of the ¢harfrty'S policy on merves The Trustees are mindful of their obligations to maittain St Stephens Cottages which are the main generators of income for the Trust and which are given priority in conSequenS. The cottages are inspeded on an annual basis following which a report is made to the Trustees with recommendations as to what repairs or improvements are requirèj in the short temi, the medium term and the longer temi. This enables the Trustees to build up reserves in advance to cover any more major ex nditure re uired on the Detsils of any funds materlally In deflclt NIA Further flnancial review detalls (Optlonal Infomiatlon) You may clOse to include additional information, where relevant about: the charity's prlncipal sources of funds (including any fundraising); IK)w expenditure has supported the key objecttves of the charity: investment policy and objectives including any elhical investment policy adopted. Section F Other optional information Section G Declaration The Irustees declare that they have approved the trustees, report above. Slgned on behalf of the charlty's trustees Slgnaturels) Full namds) David John Sprake John Emest Fl P051tion {eg Secretary, Chair. etc) Truste8 Trustea Date TAR April 2009
ST. STEPHENS COTTAGES RUMBURGH TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees: D J Sprake J Flatt Bankers: Barclays Bank PLC 12 Broad Streèt BurvJay Sl01k NR35 1EIV COIF Charfy Funds 80 Cheap8idè London EC2V 6DZ Solicltorn: Sprake and Kin89ley Soliatots 16 Bfoad Street Bungay Suffolk NR35 1EN Independent examlner: G Kerkham Larking Gowen LLP Faiers House Gilray R¢)•J Diss Norfolk IP22 4WR
Independ•ni Examlnerfs Report to the trustees of ihe St St•phens Cotlag•s Rumburyh TnL%t I report to the IJu5tees on my examinatKJn of the a(cnts of the Trust for year endéd 5 April 2023. Resptsnsibllftl¢s and b•s15 of report As the charity trustees of the Trust you are resp)nsible foT the preparation of the accounts in accordance with the requirement5 of the Charttie5 Act 2011 I'the Act,). I report in respert of my examination of the Trust's accounts carried out under sertion 145 of the 2011 Act and in catrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{5llbl of the Act Independent examiner'5 ststement I have completed my examination. I confimi that no material matters have come to my attention in COnnectn with the examination giving me cause to believe that in any material le5Ct accountin9 records were not kept in respect of the Trust as required by section 130 of the ACL 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 attent40n should be drawn in this report in order to enable a proper understsnding of the accounts to be reached. G Kerkham KA DC Larklng Gowen LLP Charttted Actowrtants Date:
ST. STEPHENS corrAGES RUMBURGH TRUST STATEMEIIT OF ASSEtS AND UABIUTIES AS AT 5 APRIL 2023 2023 2022 Notss Fix8d assots Fixed assets Investment 103,000 69,885 103,000 76,125 172,885 179,125 Current assets Cashat bank Rent held by agent 25,482 530 79.491 26,012 79,491 Current liabllltles Credito N•t cuwrent assets 26,012 79.491 Net assots 198.897 258.616 Funds of the Charlty Permanent End¢>•mient fund Unrestrtcted funds 142.845 56.052 144,140 114,476 198,897 258,616 Signed D J Sprake J Flatt Dale On beha of the board of trustees
ST. STEPHENS COThAGES RUMBURGH TRUST RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR TO S APRIL 2023 2023 2022 Rocolpts Incomlng ro8our¢es from charltab a¢tlvllles Rents- St Stephens Cottages 42.709 42,490 Investmènt Income Dividends from UK Companies & Treasury Stc¢k COIF deposit- 870560001C COIF deposit- 870560002C BaTratt & Cook@ interest 1,997 369 192 Tcéal R4¢olpts 45,118 44,532 Paym&nts Charitable actfvities Agents commission Repairs and maint8nanca Insurance Council tax and utilltles 5.775 83,519 5,099 3.776 1.244 91.387 9.661 Managgment and admlnistratlon of the Charfty Independ8nt examiners fee Admink8lration fees 73B 5,827 4,162 6,565 4.858 Other•xpèn$os Payments to.. Rumburgh Church PCC Sl Mthael's Church 1.175 1,289 612 1,901 Total payments 99.127 16,419 Ngt cash movomgntforthe year {54,0091 28,113 Bank balances at 6 Aprfl 2022 79,491 S1,378 Bank balances at 5 ApTII 2023 25,482
ST. STEPHENS COThAGES RUMBURGH TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 6 APRIL 2023 Taxatlon The challty is eligible to claim relf8 from Income Tax under Section8 $2110 536 ITA 2007. Consequenly there is no taxation che for the year (2022 Nil.} Flxed Assets Land and buildings al Cost: At 5 April 2023 arKI 6April 2022 103.000 The properties were pr(rfessionally valued in August 2015 and had a Maet Value of £840,000. Flxed A6s•ts Investments Listed invoslments: Carying value at 6 April 2022 {at market value) Add.. Net gainlloss on revaluation 76,125 (6,240} Carrying value at 5 April 2023 (at market value) R•lated party transactlons Administrat1 charges and legal fees lolallin9 £5,827 (2022 - £4,162) were paid lo Sprake and Klngsley Soltcitor8. of which D J Sprake. a trustee of the Rumburgh Trust, 15 a partner. 10