**Charity registration number 296966**
## **TED ELLIS TRUST**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **TED ELLIS TRUST**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **Trustees**
A R Meadows R W Ellis S A Meadows D J Hoare J N Wilson R Hobbs L Hall
(Appointed 6 April 2023) (Appointed 17 July 2024)
**Charity number** 296966 **Independent examiner** Argents Accountants Limited 15 Palace Street NORWICH Norfolk United Kingdom NR3 1RT
## **TED ELLIS TRUST**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 2|
|Independent examiner's report|3|
|Statement of financial activities|4|
|Balance sheet|5|
|Notes to the financial statements|6 - 16|
## **TED ELLIS TRUST**
## **TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
The trustees present their annual report and financial statements for the year ended 31 December 2023.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's [governing document], the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).
## **Objectives and activities**
The Trust was set up to conserve and protect for the benefit of the public the environment as a whole in its animal and plant life and in particular to conserve, protect and maintain Wheatfen Broad. In addition, to establish a nature area and Centre to house natural history specimens, and to organise or conduct lectures with a view to advancing the education of the public, including pupils of schools, in natural history. The Trust is only a small one and has concentrated its activities on the conservation of Wheatfen and some educational aspects (see below). The financial results for the year under review are set out in this report. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## **Public benefit**
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## **Achievements and performance**
## **Significant activities and achievements against objectives**
In April 2023 Bob Bulmer stepped down as a Trustee. Bob had been a trustee for two years and travelled from elsewhere in the county to attend each meeting and input his very thoughtful and constructive ideas. At the end of May 2023, Dick Meadows, also stepped down as Chair of the Trustees after seven years. During his tenure as Chair, Dick had been particularly successful at fundraising for the Trust and for a number of significant infrastructure projects. Dick remains a trustee. The trustees duly elected Sally-Ann Meadows-a trustee since 2016 - as the new Chair with immediate affect. Will Fitch continued in employment as Reserve Warden managing the reserve through a particularly challenging period of heavy rainfall, high tides and named storms. The long term cycle of dredging works continued with a grant from Anglian Water’s ‘Get River Positive’ scheme. This regular programme of dyke dredging enables the water to flow more effectively both on to and off the reserve with the aim of reducing flooding and salinity levels. The spoil from dredging is used to build up the height of paths, allowing better accessibility for visitors and scientific researchers. The programme of boardwalk and bridge replacement also continued. Felix Dawson successfully completed his full year as a Trainee Assistant Warden, supported financially by the John and Pamela Salter Charitable Trust. Felix went on to broaden his conservation management experience with other local conservation organisations such as the RSPB. In November 2023, the
continuing support of the Salter Charitable Trust enabled us to appoint former teacher Rebecca Carver as the new Trainee Assistant Warden. Rebecca has a specific focus on building the reserves social media accounts and increasing visitor engagement. The library in the Study Centre was reorganised and re categorised by volunteers. A full programme of events was organised by the Warden throughout the year and run with the assistance of supporters and volunteers.
## **Financial review**
## **Reserves policy**
Cash has been retained in the COIF Charities Deposit Fund to be available to offset any deficiencies in income needed to meet regular monthly expenditure and to fund large scale conservation projects if grant aid is not available.
It remains the Trustees' aim to cover annual expenditure on the reserve with annual income including investment income, taking one year with another, rather than to fund expenditure deficits by realisation of liquid assets, and so diminish a source of regular income.
- 1 -
## **TED ELLIS TRUST**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **Investment policy**
The investment policy of the Trustees has been to buy and retain Government Stocks when the rate of interest was relatively high, to provide a regular monthly income to cover regular monthly expenditure.
Additional bequest funding has benefited the Trust's reserves. Trustees gave detailed thought and sought advice prior to increasing the proportion of ethical investment in line with the Trust's objectives and activities. Thanks to this the market value of the investments held by the Trust at 31 December 2023 stands at £876,744 (2022 : £847,485)
There has been a net unrealised gain of £33,314 (2022: loss £117,953) and a realised loss on sale of £2,738 (2022: loss £7,105).
## **Major risks**
## **Risk Management**
The trustees has assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
## **Structure, governance and management**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The trustees who served during the year and up to the date of signature of the financial statements were: A R Meadows
R W Ellis S A Meadows D J Hoare J N Wilson Dr R Bulmer (Resigned 9 April 2023) R Hobbs (Appointed 6 April 2023) L Hall (Appointed 17 July 2024)
## **Recruitment and appointment of trustees**
The Trustees hold their appointment under Clause 11 of the Declaration of Trust.
The trustees' report was approved by the Board of Trustees.
S A Meadows **Trustee**
30 October 2024
- 2 -
## **TED ELLIS TRUST**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TED ELLIS TRUST**
I report to the trustees on my examination of the financial statements of Ted Ellis Trust (the charity) for the year ended 31 December 2023.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
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 financial statements to be reached.
## **Mark Johnstone FCA**
Argents Accountants Limited 15 Palace Street NORWICH Norfolk NR3 1RT United Kingdom
Dated: 30 October 2024
- 3 -
## **TED ELLIS TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
29,900
46,766
Other trading activities
**4**
1,003
-
Investments
**5**
24,913
-
**Total income**
55,816
46,766
**Expenditure on:**
Raising funds
**6**
2,900
-
Charitable activities
Conservation Costs
**7**
46,985
20,445
Education Costs
**7**
8,567
3,055
**Total charitable**
**expenditure**
55,552
23,500
**Total expenditure**
58,452
23,500
Net gains/(losses) on
investments
**12**
30,576
-
**Net income/(expenditure)**
27,940
23,266
Transfers between
funds
13,540
(13,540)
**Net movement in**
**funds**
**9**
41,480
9,726
**Reconciliation of funds:**
Fund balances at 1 January
2023
1,152,760
5,000
**Fund balances at 31**
**December 2023**
1,194,240
14,726|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2022**
**2022**
**£**
**£**
**£**
76,666
70,860
27,037
1,003
529
-
24,913
20,189
-
102,582
91,578
27,037
2,900
3,074
-
67,430
45,314
22,254
11,622
8,663
2,555
79,052
53,977
24,809
81,952
57,051
24,809
30,576
(125,058)
-
51,206
(90,531)
2,228
-
-
-
51,206
(90,531)
2,228
1,157,760
1,243,291
2,772
1,208,966
1,152,760
5,000|**Total**
**2022**
**£**
97,897
529
20,189
118,615
3,074
67,568
11,218
78,786
81,860
(125,058)
(88,303)
-
(88,303)
1,246,063
1,157,760|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 4 -
## **TED ELLIS TRUST**
## **BALANCE SHEET**
## _**AS AT 31 DECEMBER 2023**_
|**Notes**
**Fixed assets**
Tangible assets
**14**
Investments
**15**
**Current assets**
Debtors
**16**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**17**
**Net current assets**
**Total assets less current liabilities**
**The funds of the charity**
Restricted income funds
**18**
Unrestricted funds
**19**|**2023**
**£**
**£**
199,391
876,744
1,076,135
10,543
124,627
135,170
(2,339)
132,831
1,208,966
14,726
1,194,240
1,208,966|**2022**
**£**
**£**
171,475
847,485
1,018,960
9,996
130,866
140,862
(2,062)
138,800
1,157,760
5,000
1,152,760
1,157,760|**2022**
**£**
**£**
171,475
847,485
1,018,960
9,996
130,866
140,862
(2,062)
138,800
1,157,760
5,000
1,152,760
1,157,760|
|---|---|---|---|
||||1,018,960
138,800|
||||1,157,760|
||||5,000
1,152,760|
||||1,157,760|
The financial statements were approved by the trustees on 30 October 2024
## S A Meadows **Trustee**
- 5 -
## **TED ELLIS TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **1 Accounting policies**
## **Charity information**
Ted Ellis Trust is a an unincorporated charity.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 6 -
## **TED ELLIS TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **1 Accounting policies**
**(Continued)**
## **1.5 Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings n/a Study Centre & offices 2% reducing balance Sheds, Bridges, Boardwalks and Jetty 15-25% reducing balance Plant and equipment 25% reducing balance Fixtures and fittings 15% reducing balance Office equipment and computers 25% reducing balance Boats 25% reducing balance
Freehold land and assets in the course of construction are not depreciated.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Fixed asset investments**
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.
## **1.8 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.9 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
- 7 -
## **TED ELLIS TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **1 Accounting policies**
## **(Continued)**
## **1.10 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **1.11 Taxation**
The charity is exempt from tax on its charitable activities
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
- 8 -
## **TED ELLIS TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **3 Income from donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**£**
**£**
Donations and gifts
11,491
28,540
Legacies
12,801
-
Grants
-
18,226
Membership fees
5,608
-
29,900
46,766
**Grants**
Rural Payment Agency -
Environmental
Stewardship
-
8,226
Broads Authority
-
-
Other
-
10,000
-
18,226|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2022**
**2022**
**£**
**£**
**£**
40,031
36,489
15,000
12,801
30,000
-
18,226
-
12,037
5,608
4,371
-
76,666
70,860
27,037
8,226
-
5,917
-
-
6,120
10,000
-
-
18,226
-
12,037|**Total**
**2022**
**£**
51,489
30,000
12,037
4,371|
|---|---|---|
|||97,897|
|||5,917
6,120
-|
|||12,037|
## **4 Other trading activities**
||**Unrestricted**|Unrestricted|
|---|---|---|
||**funds**|funds|
||**2023**|2022|
||**£**|£|
|Fundraising events|1,003|529|
- 9 -
## **TED ELLIS TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **5 Investments**
||**Unrestricted**|Unrestricted|
|---|---|---|
||**funds**|funds|
||**2023**|2022|
||**£**|£|
|Dividends|24,889|20,135|
|Interest receivable|24|54|
||24,913|20,189|
## **6 Expenditure on raising funds**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2023**|**2022**|
||**£**|**£**|
|**Fundraising and publicity**|||
|Staging fundraising events|282|418|
|Investment management|2,618|2,656|
|Total costs|2,900|3,074|
- 10 -
## **TED ELLIS TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **7 Expenditure on charitable activities**
|**Conservation**
**Costs**
**Education**
**Costs**
**2023**
**2023**
**£**
**£**
**Direct costs**
Staff costs
39,085
9,447
Maintenance work
5,127
-
Dredging/Dyke re-
profiling
-
-
Boardwalks
5,524
-
49,736
9,447
**Share of support and governance costs (see note 8)**
Support
14,899
1,476
Governance
2,795
699
67,430
11,622
**Analysis by fund**
Unrestricted funds
46,985
8,567
Restricted funds
20,445
3,055
67,430
11,622
**Support costs allocated to activities**
Depreciation
Rent, insurance and utilities
Administration costs
Bank charges
Other
Governance costs
**Analysed between:**
Conservation Costs
Education Costs|**Total**
**Conservation**
**Costs**
**Education**
**Costs**
**2023**
**2022**
**2022**
**£**
**£**
**£**
48,532
36,139
8,235
5,127
4,824
-
-
6,120
-
5,524
2,180
-
59,183
49,263
8,235
16,375
17,407
2,759
3,494
898
224
79,052
67,568
11,218
55,552
45,314
8,663
23,500
22,254
2,555
79,052
67,568
11,218
**2023**
**£**
2,587
8,724
3,404
270
1,390
3,494
19,869
17,694
2,175
19,869|**Total**
**2022**
**£**
44,374
4,824
6,120
2,180|
|---|---|---|
|||57,498
20,166
1,122|
|||78,786|
|||53,977
24,809|
|||78,786|
|||**2022**
**£**
3,036
6,050
6,525
323
4,232
1,122|
|||21,288|
|||18,305
2,983|
|||21,288|
## **8 Support costs allocated to activities**
- 11 -
## **TED ELLIS TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
|**9**|**Net movement in funds**|**2023**|**2022**|
|---|---|---|---|
|||**£**|**£**|
||The net movement in funds is stated after charging/(crediting):|||
||Fees payable for the independent examination of the charity's financial|||
||statements|720|720|
||Depreciation of owned tangible fixed assets|2,587|3,036|
## **10 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
## **11 Employees**
The average monthly number of employees during the year was:
|Warden
**Employment costs**
Wages and salaries|**2023**
**Number**
2
**2023**
**£**
48,532|**2022**
**Number**
2|
|---|---|---|
|||**2022**
**£**
44,374|
There were no employees whose annual remuneration was more than £60,000.
## **12 Gains and losses on investments**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2023**|**2022**|
|Gains/(losses) arising on:|**£**|**£**|
|Revaluation of investments|33,314|(117,953)|
|Sale of investments|(2,738)|(7,105)|
||30,576|(125,058)|
## **13 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
- 12 -
## **TED ELLIS TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **14 Tangible fixed assets**
|**Freehold land**
**and buildings**
**Study Centre**
**& offices**
**Sheds,**
**Bridges,**
**Boardwalks**
**and Jetty**
**Plant and**
**equipment**
**Fixtures and**
**fittings**
**Office**
**equipment and**
**computers**
**£**
**£**
**£**
**£**
**£**
**£**
**Cost**
At 1 January 2023
109,110
75,023
30,629
39,415
1,336
1,499
Additions
-
8,243
22,090
170
-
-
At 31 December 2023
109,110
83,266
52,719
39,585
1,336
1,499
**Depreciation and impairment**
At 1 January 2023
-
18,293
30,627
34,190
1,336
1,091
Depreciation charged in the year
-
1,135
1
1,349
-
102
At 31 December 2023
-
19,428
30,628
35,539
1,336
1,193
**Carrying amount**
At 31 December 2023
109,110
63,838
22,091
4,046
-
306
At 31 December 2022
109,110
56,730
2
5,225
-
408|**Boats**
**£**
3,929
-
3,929
3,929
-
3,929
-
-|**Total**
**£**
260,941
30,503|
|---|---|---|
|||291,444|
|||89,466
2,587|
|||92,053|
|||199,391|
|||171,475|
- 13 -
## **TED ELLIS TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **15 Fixed asset investments**
|**Cost or valuation**
At 1 January 2023
Additions
Valuation changes
At 31 December 2023
**Impairment**
At 1 January 2023
Disposals
At 31 December 2023
**Carrying amount**
At 31 December 2023
At 31 December 2022
**16**
**Debtors**
**Amounts falling due within one year:**
Other debtors
Prepayments and accrued income
**17**
**Creditors: amounts falling due within one year**
Other taxation and social security
Accruals and deferred income|**Listed**
**investments**
**£**
847,485
112,015
33,314
992,814
-
116,070
116,070
876,744
847,485
**2023**
**2022**
**£**
**£**
3,007
3,007
7,536
6,989
10,543
9,996
**2023**
**2022**
**£**
**£**
899
621
1,440
1,441
2,339
2,062|
|---|---|
- 14 -
## **TED ELLIS TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **18 Restricted funds**
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
|**At**
Trainee warden funding
Boardwalk funding
Scrub Clearance
Dredging/Dyke
**Previous year:**
**At**
Trainee warden funding
Scrub Clearance
Dredging/Dyke|**1 January**
**2023**
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
**£**
5,000
15,000
(15,274)
-
13,540
-
-
8,226
(8,226)
-
10,000
-
5,000
46,766
(23,500)
**1 January**
**2022**
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
**£**
2,772
15,000
(12,772)
-
5,917
(5,917)
-
6,120
(6,120)
2,772
27,037
24,809|**Transfers**
**At 31**
**December**
**2023**
**£**
**£**
-
4,726
(13,540)
-
-
-
-
10,000
(13,540)
14,726
**Transfers**
**At 31**
**December**
**2022**
**£**
**£**
-
5,000
-
-
-
-
-
5,000|
|---|---|---|
## **19 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
|**At**
General funds
**Previous year:**
**At**
General funds|**1 January**
**2023**
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
**£**
1,152,760
55,816
(58,452)
**1 January**
**2022**
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
**£**
1,243,291
91,578
(57,051)|**Transfers**
**Gains and**
**losses**
**At 31**
**December**
**2023**
**£**
**£**
**£**
13,540
30,576
1,194,240
**Transfers**
**Gains and**
**losses**
**At 31**
**December**
**2022**
**£**
**£**
**£**
-
(125,058)
1,152,760|
|---|---|---|
- 15 -
## **TED ELLIS TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **20 Analysis of net assets between funds**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**£**
**£**
**At 31 December 2023:**
Tangible assets
199,391
-
Investments
876,744
-
Current assets/(liabilities)
118,105
14,726
1,194,240
14,726
**Unrestricted**
**Restricted**
**funds**
**funds**
**2022**
**2022**
**£**
**£**
**At 31 December 2022:**
Tangible assets
171,475
-
Investments
847,485
-
Current assets/(liabilities)
133,800
5,000
1,152,760
5,000|**Total**
**2023**
**£**
199,391
876,744
132,831|
|---|---|
||1,208,966|
||**Total**
**2022**
**£**
171,475
847,485
138,800|
||1,157,760|
## **21 Related party transactions**
There were no disclosable related party transactions during the year (2022 - none).
- 16 -