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REGISTERED COMPANY NUMBER: 11674014 (England and Wales)
REGISTERED CHARITY NUMBER: 1192007















Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

PORINGLAND FUEL ALLOTMENT

PORINGLAND FUEL ALLOTMENT






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2025




Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5 to 6

Notes to the Financial Statements 7 to 13

PORINGLAND FUEL ALLOTMENT (REGISTERED NUMBER: 11674014)

Report of the Trustees
FOR THE YEAR ENDED 31 MARCH 2025


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of 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
Objectives and aims
The Charity was established by Trust Deed in 1805. The objective for which the Charity was established is the relieving of need, hardship or distress of the residents of the parish of Poringland, Norfolk. In May 1996 the objectives were widened with Charity Commission approval to encompass the application of funds not required for the above for the general benefit of the residents of the parish.
On 1 December 2020 the funds of the original charity (Charity Number 246265) were transferred to this charitable company. The charitable company's objects are now defined as:

For the benefit of those living in the parish of Poringland by the provision of grants to further the following purposes:-

- the relief of poverty, in particular by the provision of winter fuel payments to those in need

- such charitable purposes for the public benefit as are exclusively charitable according to the laws of England and Wales as the trustees may from time to time determine.

Significant activities and public benefit
Income will be distributed to those living in the parish of Poringland who are in need through hardship or distress. This will include:-

- winter fuel payments to those in need

- social grants to those in hardship or distress

- grants to students to support the cost of their further educational needs

- grants to community organisations for projects which provide sports, leisure, educational or related facilities primarily benefitting Poringland residents.

Financial review
The Statement of Financial Activities covering the period from 1 April 2024 to 31 March 2025 is set out on page four. A £7,310 unrealised loss on investments has been charged to the Capital Fund. The Trustees are confident that investments should, in the long term, yield both a satisfactory level of income and capital appreciation. The Capital Fund is retained to generate income into the future in order to fulfil the objectives of the Charity. During the period the Charity received investment income amounting to £33,190 and expended £22,813 on grants to individuals and grants of £2,750 to to other bodies. Charitable support costs amounted to £7,247. This resulted in net incoming resources into the General Fund of £381. Therefore total outgoing resources totalled £6,929 and, consequently, at 31 March 2025, total funds stood at £696,018. Of this, £23,093 is held in the unrestricted general fund.

Property and investments
The Charity retains 12.818 acres of grazing land which has been included at market value of £50,000 and a residential property included at valuation of £200,000. At 31 March 2025 the Charity held cash reserves of £30,897. Investments with Fidelity Management had a market value at 31 March 2025 of £415,615, experiencing an unrealised loss of £7,310 over the value at 1 April 2024.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

PORINGLAND FUEL ALLOTMENT (REGISTERED NUMBER: 11674014)

Report of the Trustees
FOR THE YEAR ENDED 31 MARCH 2025


STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure
The Trust Deed stipulates that there shall be not fewer than three directors. All directors must contribute to the day to day running of the Charity.

Reserves policy
The Trustees have decided to aim to hold unrestricted reserves sufficient to meet up to one year of charitable expenditure.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
11674014 (England and Wales)

Registered Charity number
1192007

Registered office
59 Norwich Road
Poringland
Norwich
Norfolk
NR14 7QX

Trustees
D R Gooderham
Rev'd R H Parsonage
Mrs A J Randall
A C Wright
Revd K Long
Mrs J Newby
J Joyce

Independent Examiner
Quinneys
Chartered Certified Accountants
Saxon House
Hellesdon Park Road
Norwich
Norfolk
NR6 5DR

Advisers
Alan Boswell & Company Ltd
Prospect House
Rouen Road
Norwich NR1 1RE

Approved by order of the board of trustees on 9 June 2025 and signed on its behalf by:




D R Gooderham - Trustee

Independent Examiner's Report to the Trustees of
Poringland Fuel Allotment

Independent examiner's report to the trustees of Poringland Fuel Allotment ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
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:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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 accounts to be reached.








M Lamb

Quinneys
Chartered Certified Accountants
Saxon House
Hellesdon Park Road
Norwich
Norfolk
NR6 5DR

9 June 2025

PORINGLAND FUEL ALLOTMENT

Statement of Financial Activities
FOR THE YEAR ENDED 31 MARCH 2025

2025 2024
Unrestricted Endowment Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM

Other trading activities 2 - - - 125
Investment income 3 33,191 - 33,191 31,742
Total 33,191 - 33,191 31,867

EXPENDITURE ON
Raising funds 4 7,247 - 7,247 6,844

Charitable activities
Charitable activities 25,563 - 25,563 24,623
Total 32,810 - 32,810 31,467

Net gains/(losses) on investments - (7,310 ) (7,310 ) 21,577

NET INCOME/(EXPENDITURE) 381 (7,310 ) (6,929 ) 21,977


RECONCILIATION OF FUNDS
Total funds brought forward 30,022 672,925 702,947 680,970

TOTAL FUNDS CARRIED FORWARD 30,403 665,615 696,018 702,947

PORINGLAND FUEL ALLOTMENT (REGISTERED NUMBER: 11674014)

Balance Sheet
31 MARCH 2025

2025 2024
Unrestricted Endowment Total Total
fund fund funds funds
Notes £    £    £    £   
FIXED ASSETS
Investments
Investments 8 - 415,615 415,615 422,925
Investment property 9 - 250,000 250,000 250,000
- 665,615 665,615 672,925

CURRENT ASSETS
Debtors 10 1,370 - 1,370 1,092
Cash at bank 30,897 - 30,897 30,698
32,267 - 32,267 31,790

CREDITORS
Amounts falling due within one year 11 (1,864 ) - (1,864 ) (1,768 )

NET CURRENT ASSETS 30,403 - 30,403 30,022

TOTAL ASSETS LESS CURRENT LIABILITIES 30,403 665,615 696,018 702,947

NET ASSETS 30,403 665,615 696,018 702,947
FUNDS 12
Unrestricted funds 30,403 30,022
Endowment funds 665,615 672,925
TOTAL FUNDS 696,018 702,947

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


PORINGLAND FUEL ALLOTMENT (REGISTERED NUMBER: 11674014)

Balance Sheet - continued
31 MARCH 2025

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 9 June 2025 and were signed on its behalf by:





D R Gooderham - Trustee

PORINGLAND FUEL ALLOTMENT

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.


PORINGLAND FUEL ALLOTMENT

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025

2. OTHER TRADING ACTIVITIES
2025 2024
£    £   
Bank compensation - 125

3. INVESTMENT INCOME
2025 2024
£    £   
Rents received 9,600 9,240
Grazing land rent 1,138 1,138
Fixed term interest 894 681
Dividends 21,559 20,683
33,191 31,742

4. RAISING FUNDS

Raising donations and legacies
2025 2024
£    £   
Support costs 7,247 6,844

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.


6. STAFF COSTS

The average monthly number of employees during the year was as follows:

2025 2024
Trustees 7 7

No employees received emoluments in excess of £60,000.


PORINGLAND FUEL ALLOTMENT

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Endowment Total
fund fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM

Other trading activities 125 - 125
Investment income 31,742 - 31,742
Total 31,867 - 31,867

EXPENDITURE ON
Raising funds 6,844 - 6,844

Charitable activities
Charitable activities 24,623 - 24,623
Total 31,467 - 31,467

Net gains on investments - 21,577 21,577

NET INCOME 400 21,577 21,977


RECONCILIATION OF FUNDS
Total funds brought forward 29,622 651,348 680,970

TOTAL FUNDS CARRIED FORWARD 30,022 672,925 702,947

8. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
MARKET VALUE
At 1 April 2024 422,925
Revaluations (7,310 )
At 31 March 2025 415,615
NET BOOK VALUE
At 31 March 2025 415,615
At 31 March 2024 422,925

There were no investment assets outside the UK.

PORINGLAND FUEL ALLOTMENT

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025

8. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 March 2025 is represented by:

Unlisted
investments
£   
Valuation in 2023 (29,131 )
Valuation in 2024 21,577
Valuation in 2025 (7,310 )
Cost 430,479
415,615

9. INVESTMENT PROPERTY
£   
FAIR VALUE
At 1 April 2024
and 31 March 2025 250,000
NET BOOK VALUE
At 31 March 2025 250,000
At 31 March 2024 250,000

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2022 34,138
Valuation in 2023 22,249
Cost 193,613
250,000

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 1,370 1,092


PORINGLAND FUEL ALLOTMENT

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Accrued expenses 1,864 1,768

12. MOVEMENT IN FUNDS
Net
movement At
At 1.4.24 in funds 31.3.25
£    £    £   
Unrestricted funds
General fund 30,022 381 30,403

Endowment funds
Permanent Endowment fund 672,925 (7,310 ) 665,615

TOTAL FUNDS 702,947 (6,929 ) 696,018

Net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 33,191 (32,810 ) - 381

Endowment funds
Permanent Endowment fund - - (7,310 ) (7,310 )

TOTAL FUNDS 33,191 (32,810 ) (7,310 ) (6,929 )


Comparatives for movement in funds

Net
movement At
At 1.4.23 in funds 31.3.24
£    £    £   
Unrestricted funds
General fund 29,622 400 30,022

Endowment funds
Permanent Endowment fund 651,348 21,577 672,925

TOTAL FUNDS 680,970 21,977 702,947

PORINGLAND FUEL ALLOTMENT

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025

12. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 31,867 (31,467 ) - 400

Endowment funds
Permanent Endowment fund - - 21,577 21,577

TOTAL FUNDS 31,867 (31,467 ) 21,577 21,977

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.4.23 in funds 31.3.25
£    £    £   
Unrestricted funds
General fund 29,622 781 30,403

Endowment funds
Permanent Endowment fund 651,348 14,267 665,615

TOTAL FUNDS 680,970 15,048 696,018

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 65,058 (64,277 ) - 781

Endowment funds
Permanent Endowment fund - - 14,267 14,267

TOTAL FUNDS 65,058 (64,277 ) 14,267 15,048


PORINGLAND FUEL ALLOTMENT

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.