| Contents | |
|---|---|
| Page: | |
| 1. | Reference and administrative details |
| 2-5. | Report of the Governors |
| 6-9. | Report of the independent auditors |
| 10. | Statement of financial activities incorporating income and expenditure account |
| 11. | Balance Sheet |
| 12-19. | Notes forming part of the financial statements |
| Accumulated Designated Total Total | Accumulated Designated Total Total | ||
|---|---|---|---|
| Income | Capital Funds Funds | ||
| Note | Fund Fund 2022 2021 | ||
| i £ £ £ | |||
| Income from: | |||
| Investments 4 39,944 - 39,944 38,002 | |||
| Total | 39,944 | 39,944 38,002 | |
| Expenditure on: | |||
| Raising funds | 6 | 8,242 | 8,242 7,923 |
| Charitable activities | 5 | 159,897 | 159,897 72,808 |
| Total | 168,139 | 168,139 80,731 | |
| Net expenditure before (losses)/gains on investments |
(128,195) | (128,195) (42,729) | |
| Net (Iosses)/gains on investments | 9 | (93,342) | (93,342) 271,182 |
| Net (expenditure)/income | (221,537) | (221,537) 228,453 | |
| Transfers between funds | 14 | (6,916) | 6,916 |
| Net movement in funds | (228,453) | 6,916 (221,537) 228,453 | |
| Reconciliation of funds: | |||
| Total funds brought forward | 228,453 1,750,253 1,978,706 1,750,253 | ||
| Total funds carried forward | 1,757,169 1,757,169 1,978,706 |
| Note | 2022 | 2021 | |
|---|---|---|---|
| £ £ | £ £ | ||
| Fixed assets: | |||
| Investments | 9 | 1,729,494 | 1,902,334 |
| Current assets: | |||
| Debtors | 10 | 10,635 | 15 |
| Cash at bank and in hand | 18,840 | 78,097 | |
| 29,475 | 78,112 | ||
| Creditors: amounts falling due | |||
| within one year | 11 | (1,800) | (1,740) |
| Net current assets | 27,675 | 76,372 | |
| Net assets | 1,757,169 | 1,978,706 | |
| Representing | |||
| Accumulated funds | 15 | ||
| Unrestricted funds: | |||
| Designated capital fund | 1,757,169 | 1,750,253 | |
| Accumulated income fund | 228,453 | ||
| 1,757,169 | 1,978,706 |
| 2022 | 2021 |
|---|---|
| £ | £ |
| 39,944 | 38,002 |
| 5 | Charitable activities | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Donations | £ | £ | |
| MacMillan Cancer Support | 15,000 | 15,000 | |
| Samaritans West Suffolk | 4,432 | ||
| Headway Suffolk | 1,650 | ||
| REACT | 6,559 | 6,324 | |
| Livability | 1,834 | ||
| Eden Rose Coppice Trust | 3,519 | ||
| Suffolk Philharmonic Orchestra | 4,000 | ||
| Motor Neurone Disease Association | 2,000 | 2,000 | |
| Bury St Edmunds Theatre Management Ltd | 7,989 | ||
| Suffolk Accident Rescue Service | 11,000 | ||
| St Nicholas Hospice | 4,219 | 6,900 | |
| BSEVC | 4,817 | ||
| BSE Rickshaw | 1,440 | ||
| British Red Cross | 11,770 | ||
| Bury St Edmunds Woman's Aid | 22,315 | ||
| Gatehouse Caring in East Anglia | 1,348 | ||
| Suffolk Community Foundation | 15,000 | ||
| Our Special Friends | 2,529 | ||
| Riverwalk School | 20,225 | ||
| Upbeat Heart Support | 8,784 | ||
| Friends of Exning School | 20,602 | ||
| Achieving Aspirations | 13,764 | ||
| Bridge Project Sudbury | 22,000 | ||
| St Edmunds Newstalk Association | 1,902 | ||
| Deafblind | 510 | ||
| Age UK Suffolk (donation returned) | (10,620) | ||
| 157,907 | 70,905 | ||
| Governance costs | |||
| Audit and accountancy (Note 7) | 1,860 | 1,800 | |
| Bank charges | 14 | 19 | |
| Miscellaneous expenses | 116 | 84 | |
| 1,990 | 1,903 | ||
| Total | 159,897 | 72,808 |
| 6 | Raising funds | ||
|---|---|---|---|
| 2022 | 2021 | ||
| £ | £ | ||
| Investment manager fees | 8,242 | 7,923 | |
| 7 | Auditor's remuneration | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Audit fee (including VAT) | 1,860 | 1,800 |
| d Asset Investments | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Movement in fixed asset listed investments | ||
| Market value brought forward at 1 July 2021 | 1,885,700 | 1,603,489 |
| Additions to investments at cost | 197,221 | |
| Disposals at carrying value | (99,205) | (186,192) |
| Net (loss)/gain on revaluation | (93,342) | 271,182 |
| Market value as at 30 June 2022 | 1,693,153 | 1,885,700 |
| Cash held within the investment portfolio | 36,341 | 16,634 |
| Total at 30th June 2022 | 1,729,494 1,902,334 | |
| Investments at fair value | ||
| Comprised: | ||
| Equities Fixed interest securities Cash held within the investment portfolio |
1,547,604 1,725,601 145,549 160,099 36,341 16,634 |
|
| 1,729,494 1,902,334 |
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Accrued income | 15 | 15 | |
| Other debtors | 10,620 | ||
| 10,635 | 15 |
| 11 | Creditors: amounts falling due within one year | ||
|---|---|---|---|
| 2022 | 2021 | ||
| £ | £ | ||
| Accruals | 1,800 | 1,740 | |
| 12 | Financial instruments | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Financial assets measured at fair value | 1,729,494 | 1,902,334 | |
| Financial assets measured at fair value comprise of investments. |
| Accumulated | Designated | ||
|---|---|---|---|
| Income | Capital | ||
| Fund | Fund | Total | |
| £ | £ | £ | |
| Represented by:- | |||
| Investments | (27,675) | 1,757,169 | 1,729,494 |
| Net current assets | 27,675 | 27,675 | |
| 1,757,169 | 1,757,169 |
| Accumulated Designated | ||
|---|---|---|
| Income Capital | ||
| Fund Fund | Total | |
| £ £ |
£ | |
| Represented by:- | ||
| Investments | 152,081 1,750,253 | 1,902,334 |
| Net current assets | 76,372 - 76,372 | |
| 228,453 1,750,253 | 1,978,706 |
| Fund | Fund | ||
|---|---|---|---|
| Balances | balances | ||
| Brought | Gains and carried | ||
| Forward | Income Expenditure | Transfers Losses forward | |
| £ | £ £ | £ ££ | |
| Unrestricted | |||
| funds: | |||
| Accumulated income fund |
228,453 | 39,944 (168,139) | (6,916) (93,342) |
| Designated | 1,750,253 | 6,916 - 1,757,169 | |
| capital fund | |||
| 1,978,706 | 39,944 (168,139) | (93,342) 1,757,169 |
| Fund | Fund | |||
|---|---|---|---|---|
| Balances | balances | |||
| Brought | Gains and carried | |||
| Forward | Income Expenditure Transfers | Losses forward | ||
| £ | £ £ £ | £ £ | ||
| Unrestricted | ||||
| funds: | ||||
| Accumulated income fund |
(265,371) 38,002 (80,731) 265,371 | 271,182 228,453 | ||
| Designated capital fund |
2,015,624 - - (265,371) | - 1,750,253 | ||
| 1,750,253 | 38,002 (80,731) | 271,182 1,978,706 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Investment income | ||||
| Collective investment funds | 39,944 | 38,002 | ||
| 39,944 | 38,002 | |||
| Donations | ||||
| MacMillan Cancer Support Samaritans West Suffolk |
15,000 | 15,000 4,432 |
||
| Headway Suffolk REACT Livability |
6,559 | 1,650 6,324 1,834 |
||
| Eden Rose Coppice Trust | 3,519 | |||
| Suffolk Philhannonic Orchestra | 4,000 | |||
| Motor Neurone Disease Association | 2,000 | 2,000 | ||
| Bury St Edmunds Theatre Management Ltd | 7,989 | |||
| Suffolk Accident Rescue Service | 11,000 | |||
| St Nicholas Hospice BSEVC |
4,219 | 6,900 4,817 |
||
| BSE Rickshaw | 1,440 | |||
| British Red Cross | 11,770 | |||
| Bury St Edmunds Woman's Aid | 22,315 | |||
| Gatehouse Caring in East Anglia | 1,348 | |||
| Suffolk Community Foundation | 15,000 | |||
| Our Special Friends | 2,529 | |||
| Riverwalk School | 20,225 | |||
| Upbeat Heart Support | 8,784 | |||
| Friends ofExning School | 20,602 | |||
| Achieving Aspirations | 13,764 | |||
| Bridge Project Sudbury | 22,000 | |||
| St Edmunds Newstalk Association | 1,902 | |||
| Deafblind | 510 | |||
| Age UK Suffolk (donation returned) | (10,620) | |||
| Investment and Governance costs | (157,907) | (70,905) | ||
| Audit and accountancy | 1,860 | 1,800 | ||
| Bank charges | 14 | 19 | ||
| Investment managers fees | 8,242 | 7,923 | ||
| Miscellaneous expenses | 116 | 84 | ||
| (10,232) | (9,826) | |||
| Net outgoing funds | (128,195) | (42,729) | ||
| Investment (losses)/gains | (93,342) | 271,182 | ||
| Net movement in funds for the year | (221,537) | 228,453 |