| 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) |