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2024-06-30-accounts
| Page: |
|
| 1. |
Reference and administrative details |
| 2-5. |
Report of the Governors |
| 6. |
Report of the Independent Examiners |
| 7. |
Statement of financial activities incorporating income and expenditure account |
| 8. |
Balance Sheet |
| 9-16. |
Notes fanning part of the financial statements |
|
|
Accumulated Designated Total Total |
Accumulated Designated Total Total |
|
|
Income |
Capital Funds Funds |
|
Note |
Fund Fund 2024 2023 |
|
|
|
i £ i £ |
|
| Income from: |
|
|
|
| Investments 4 39,066 - 39,066 41,530 |
|
|
|
| Total |
|
39,066 |
39,066
41,530 |
| Expenditure on: |
|
|
|
| Raising funds |
6 |
6,551 |
6,551 7,249 |
| Charitable activities |
5 |
143,648 |
143,648 132,322 |
| Total |
|
150,199 |
150,199 139,571 |
Net expenditure before losses on
investments |
|
(111,133) |
(111,133) (98,041) |
| Net gains on investments |
9 |
124,827 |
124,827 52,549 |
| Net income/(expenditure) |
|
13,694 |
13,694 (45,492) |
| Transfers between funds |
14 |
(13,694) |
13,694 |
| Net movement in funds |
|
|
13,694 13,694 (45,492) |
| Reconciliation of funds: |
|
|
|
| Total funds brought forward |
|
|
1,711,677 1,711,677 1,757,169 |
| Total funds carried forward |
15 |
|
1,725,371 1,725,371 1,711,677 |
|
Note 2024 |
Note 2024 |
2023 |
|
|
£ £ |
£ £ |
| Fixed assets: |
|
|
|
| Investments |
9 |
1,699,909 |
1,654,630 |
| Current assets: |
|
|
|
| Debtors |
10 |
15 |
15 |
| Cash at bank and in hand |
|
68,547 |
80,952 |
|
|
68,562 |
80,967 |
| Creditors: amounts falling due |
|
|
|
| within one year |
11 |
(43,100) |
(23,920) |
| Net current assets |
|
25,462 |
57,047 |
| Net assets |
|
1,725,371 |
1,711,677 |
| Representing |
|
|
|
| Accumulated funds |
15 |
|
|
| Unrestricted funds: |
|
|
|
| Designated capital fund |
|
1,725,371 |
1,711,677 |
| Accumulated income fund |
|
|
|
|
|
1,725,371 |
1,711,677 |
| 2024 |
2023 |
| £ |
£ |
| 39,066 |
41,530 |
| ritable activities |
|
|
|
2024 |
2023 |
| Grants |
£ |
£ |
| MacMillan Cancer Support |
|
20,000 |
| REACT |
7,688 |
6,601 |
| St Nicholas Hospice |
21,380 |
17,224 |
| British Red Cross (designated donation removed) |
(22,000) |
22,000 |
| Suffolk Community Foundation |
|
15,000 |
| Friends of Exning School |
|
6,000 |
| Mobility Trust |
713 |
2,671 |
| Norfolk & Suffolk Foundation Trust (Wedgewood House) |
|
40,654 |
| Abbeycroft Leisure |
19,063 |
|
| Addenbrookes |
25,000 |
|
| Bridge Project Sudbury |
22,000 |
|
| Crohn's & Colitis UK |
800 |
|
| East Anglian Air Ambulance |
5,000 |
|
| Families Together Suffolk |
7,730 |
|
| Headway Suffolk |
18,000 |
|
| InnovS Workshops |
10,000 |
|
| Memories Are Golden |
435 |
|
| Theatre Royal Bury St Edmunds |
24,780 |
|
|
140,589 |
130,150 |
| Governance costs |
|
|
| Audit and accountancy |
2,220 |
2,040 |
| Bank charges |
11 |
16 |
| Miscellaneous expenses |
828 |
116 |
|
3,059 |
2,172 |
| Total |
143,648 |
132,322 |
| 6 |
Raising funds |
|
|
|
|
2024 |
2023 |
|
|
£ |
£ |
|
Investment manager fees |
6,551 |
7,249 |
| 7 |
Auditor's/Independent Examiner's remuneration |
|
|
|
|
2024 |
2023 |
|
|
£ |
£ |
|
Audit fee (including VAT) |
|
2,040 |
|
Independent examination fee (including VAT) |
2,100 |
|
| d Asset Investments |
|
|
2024
2023 |
|
£
£ |
| Movement in fixed asset listed investments |
|
| Market value brought forward at 1 July 2023 |
1,634,067 1,693,153 |
| Additions to investments at cost |
|
| Disposals at carrying value |
(75,159) (111,635) |
| Net gain/(loss) on revaluation |
124,827 52,549 |
| Market value as at 30 June 2024 |
1,683,735 1,634,067 |
| Cash held within the investment portfolio |
16,174 20,563 |
| Total at 30*h June 2024 |
1,699,909
1,654,630 |
| Investments at fair value |
|
| Comprised: |
|
| Equities |
1,539,329 1,495,230 |
Fixed interest securities
Cash held within the investment portfolio |
144,406 138,837
16,174 20,563 |
|
1,699,909 1,654,630 |
|
2024 |
|
2023 |
|
|
£ |
|
£ |
|
| Accrued income |
|
15 |
|
15 |
|
|
15 |
|
15 |
| 11 |
Creditors: amounts falling due within one year |
|
|
|
|
2024 |
2023 |
|
|
£ |
£ |
|
Designated future grants |
41,000 |
22,000 |
|
Accruals |
2,100 |
1,920 |
|
|
43,100 |
23,920 |
| 12 |
Financial instruments |
|
|
|
|
2024 |
2023 |
|
|
£ |
£ |
|
Financial assets measured at fair value |
1,699,909 |
1,654,630 |
|
Accumulated |
Designated |
|
|
Income |
Capital |
|
|
Fund |
Fund |
Total |
|
£ |
£ |
£ |
| Represented by:- |
|
|
|
| Investments |
|
1,699,909 |
1,699,909 |
| Net current assets |
|
25,462 |
25,462 |
|
|
1,725,371 |
1,725,371 |
|
Accumulated |
Designated |
|
|
Income |
Capital |
|
|
Fund |
Fund |
Total |
|
£ |
£ |
£ |
| Represented by:- |
|
|
|
| Investments |
|
1,654,630 |
1,654,630 |
| Net current assets |
|
57,047 |
57,047 |
|
|
1,711,677 |
1,711,677 |
|
Fund |
|
|
|
Fund |
|
Balances |
|
|
|
balances |
|
Brought |
|
|
Gains and |
carried |
|
Forward |
Income Expenditure |
Transfers |
{Losses) |
forward |
|
£ |
£ £ |
£ |
£ |
£ |
| Unrestricted |
|
|
|
|
|
| funds: |
|
|
|
|
|
| Accumulated |
|
39,066 (150,199) |
(13,694) |
124,827 |
|
| income fund |
|
|
|
|
|
| Designated |
1,711,677 |
|
13,694 |
|
1,725,371 |
| capital fund |
|
|
|
|
|
|
1,711,677 |
39,066 (150,199) |
|
124,827 |
1,725,371 |
|
Fund |
|
|
Fund |
|
Balances |
|
|
balances |
|
Brought |
|
Gains and carried |
|
|
Forward |
Income Expenditure Transfers |
(Losses) |
forward |
|
£ |
£ £ £ |
£ |
£ |
| Unrestricted |
|
|
|
|
| funds: |
|
|
|
|
| Accumulated |
|
41,530 (139,571) 45,492 52,549 |
|
|
| income fund |
|
|
|
|
| Designated |
1,757,169 |
(45,492) - 1,711,677 |
|
|
| capital fund |
|
|
|
|
|
1,757,169 |
41,530 (139,571) |
52,549 1,711,677 |
|
| 2024 |
|
2023 |
|
| £ |
£ |
£ |
£ |
| Investment income |
|
|
|
| Collective investment funds 39,066 |
|
41,530 |
|
|
39,066 |
|
41,530 |
| Grants |
|
|
|
MacMillan Cancer Support
REACT 7,688 |
|
20,000
6,601 |
|
| St Nicholas Hospice 21,380 |
|
17,224 |
|
| British Red Cross (designated donation removed) (22,000) |
|
22,000 |
|
| Suffolk Community Foundation |
|
15,000 |
|
| Friends of Exning School |
|
6,000 |
|
| Mobility Trust 713 |
|
2,671 |
|
| Norfolk & Suffolk Foundation Trust (Wedgewood |
|
40,654 |
|
| House) |
|
|
|
| Abbeycroft Leisure 19,063 |
|
|
|
| Addenbrookes 25,000 |
|
|
|
| Bridge Project Sudbury 22,000 |
|
|
|
| Crohn's & Colitis UK 800 |
|
|
|
| East Anglian Air Ambulance 5,000 |
|
|
|
| Families Together Suffolk 7,730 |
|
|
|
| Headway Suffolk 18,000 |
|
|
|
| InnovS Workshops 10,000 |
|
|
|
| Memories Are Golden 435 |
|
|
|
| Theatre Royal Bury St Edmunds 24,780 |
|
|
|
|
(140,589) |
|
(130,150) |
| Investment and Governance costs |
|
|
|
| Audit and accountancy 2,220 |
|
2,040 |
|
| Bank charges 11 |
|
16 |
|
| Investment managers fees 6,551 |
|
7,249 |
|
| Miscellaneous expenses 828 |
|
116 |
|
|
(9,610) |
|
(9,421) |
| Net outgoing funds |
(111,133) |
|
(98,041) |
| Investment gains |
124,827 |
|
52,549 |
| Net movement in funds for the year |
13,694 |
|
(45,492) |