OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-04-05-accounts

THE BEARDER CHARITY TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021

BAIRSTOW & ATKINSON CHARTERED ACCOUNTANTS CARLTON HOUSE BULL CLOSE LANE HALIFAX HX1 2EG

THE BEARDER CHARITY CONTENTS

Page

  1. Charity Information 2-4. Trustees’ Report 5. Examiner’s Report 6. Statement of Financial Activities 7. Balance Sheet 8-11. Notes to the Financial Statements

THE BEARDER CHARITY CHARITY INFORMATION

Charity Number 1010529
Trustees R D Smithies - Chairman
T Simpson
B Mowforth
D Normanton - Treasurer
Charity Office 5 King Street
BRIGHOUSE
West Yorkshire
HD6 1NX
Bankers The Co-Operative Bank
Investment Managers Investec Wealth & Investment
Quayside House
Canal Wharf
LEEDS
LS11 5PU
Solicitors c/o Mr R D Smithies
5 King Street
BRIGHOUSE
West Yorkshire
HD6 1NX
Accountants Bairstow & Atkinson
Chartered Accountants and
Registered Auditors
Carlton House
Bull Close Lane
HALIFAX
HX1 2EG

1

THE BEARDER CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2021

The Trustees present their report with the financial statements of the Charity for the year ended 5 April 2021. 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 (FRS102) (effective 1 January 2019).

Structure, Governance and Management

The Bearder Charity is an unincorporated trust constituted under a trust deed dated 5 March 1992 and is a registered charity, number 1010529.

The Charity takes its name from John Alfred Bearder MBE who was a Solicitor practising in Halifax. The Charity was endowed by funds bequeathed by Mr Bearder.

The Trustees who have served during the year are set out on page 1. New trustees may be appointed by a resolution passed at a meeting of trustees provided that a memorandum thereof is signed and sealed by the person presiding at such meeting and attested by one other person attending the meeting.

The Chairman is responsible for the induction of any new Trustee which involves awareness of a Trustee’s responsibilities, the governing document, administrative procedures, the history and the philosophical approach of the Charity. A new trustee would receive copies of the previous year’s annual report and accounts and a copy of the Charity Commission leaflet: The Essential Trustee: What you need to know, what you need to do.

The Trustees usually meet six times a year to assess grant applications and then approve or refuse grants. With the coming of COVID-19 the Trustees agreed that to obey Government restrictions and to protect themselves as vulnerable adults, they would not meet face to face but conduct the Charity’s business via email and telephone.

The Trustees annually review the risks that the Charity faces. To date these have mainly been related to investment management. With assistance of the investment managers the Trustees monitor the situation in order to mitigate any fluctuations, investment values may have on the Charity.

The Trustees are also aware of the risks associated with grant making and require detailed documentation from organisations and individuals applying for grants.

Objectives and Activities

The objects of the Charity are to relieve persons who are in a condition of poverty or hardship and of distress arising therefrom and who are permanently or temporarily resident in the Metropolitan Borough of Calderdale and to meet the need or give any new benefit for or to the people of Calderdale, such need or benefit to affect any person or persons of any age or any degree of deprivation within the object of giving to that person or persons a better quality of life by supporting any person or persons or any charitable organisation, providing such needs or providing benefits as aforesaid.

2

THE BEARDER CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2021

Objectives and Activities (continued)

To benefit in any way such other charitable institutions or charitable objects as the Trustees may from time to time in their absolute discretion select but not necessarily within the boundaries of the Metropolitan Borough of Calderdale.

Grant Making Policy

The Bearder Charity generally markets itself by word of mouth. Attempts at advertising locally on radio and in the local press have not produced any discernible results.

The majority of voluntary bodies operating in the area may apply on behalf of their clients. Also, other local charities advise potential applicants to contact the Charity direct. The number of individuals applying direct to the Charity has increased considerably during the year.

All applicants are asked to apply in writing, including by email, to the secretary; the trustees usually then discuss each application at their meetings and decide jointly on whether to award grants. Most hardship requests made to the Charity are approved.

Achievement and Performance

During the year the Charity has been able to provide support to 15 organisations and numerous individuals (see note 3, page 9). In providing this support, the trustees have had regard to public benefit guidance issued by the Charity Commission.

Financial Review, Investment Policy and Reserves

The Charity is reliant on the income from its investments, although some years an element of capital is also distributed. The income from investments was £85,395 (2020 - £117,549) and the charitable grants made amounted to £394,296 (2020 - £307,060). The market value of investments was £3,295,927 (2020 - £3,053,163).

There are no restrictions placed on the Trustees’ power to invest and the Trustees’ policy is to maintain the income from investments whilst trying to maintain the capital value. As Covid-19 brought the first national lockdown in March 2020, the applications to the Charity for living essentials increased rapidly. The Trustees considered that this trend was likely to continue throughout 2020 and 2021 and that, as a result, the distribution of the capital would be increasingly likely to help the people of Calderdale.

The Charity employs Investec Wealth & Investment as investment advisers and managers.

The Charity has chosen not to adopt a formal ethical investment policy.

All income is distributed every year with none being held in reserve, the reserves held by the Charity are purely of a capital nature.

3

THE BEARDER CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2021

Future Plans

The trustees intend to continue providing grants in a similar way to the recent past continuing the emphasis on the areas mentioned but retaining flexibility as to the timing and scale of grant making.

Approved by the Trustees of The Bearder Charity on 24 January, 2022 and signed on their behalf.

R D Smithies Chairman

4

THE BEARDER CHARITY INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE BEARDER CHARITY

I report to the Charity trustees on my examination of the accounts of the Charity for the year ended 5 April 2021 which are set out on pages 6 to 11.

Responsibilities and basis of report

As the Charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I confirm that I am qualified to undertake the examination because I am a member of the ICAEW.

I have completed my examination. I confirm that no material 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 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts 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 accounts to be reached.

Peter Dyson Chartered Accountant Bairstow & Atkinson Carlton House Bull Close Lane HALIFAX HX1 2EG

Date: 24 January 2022

5

THE BEARDER CHARITY STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 5 APRIL 2021

Notes
Income and Endowments from
Investment Income
(2)
Other Income
Total
Expenditure
Charitable Activities
(3)
Investment Management
Other
(4)
Total
Net Expenditure
Profit/(Loss) on Disposal or Revaluation
of Investments
(10)
Net Movement in Funds
Total Funds Brought Forward
Total Funds Carried Forward		 2021
2020
Unrestricted
Unrestricted
Fund
Fund
£
£
85,395
117,549
110
9,271
85,505
126,820
394,296
307,060
15,984
17,725
8,102
6,602
418,382
331,387
(332,877)
(204,567)
567,778
(478,395)
234,901
(682,962)
3,144,877
3,827,839
3,379,778
3,144,877

6

THE BEARDER CHARITY BALANCE SHEET AS AT 5 APRIL 2021

Notes
Fixed Assets
Investments
(5)
Total Fixed Assets
Current Assets
Accrued Income
Cash at Bank and in Hand
Creditors: Amounts falling
due within one year
(6)
Net Current Assets
Total Assets less Current Liabilities
Net Assets
Funds of the Charity
Unrestricted Funds
(7)
Total Funds
Signed on Behalf of the Trustees		 1,043
86,447
87,490
3,639		 2021
£
3,295,927
3,295,927
1,529
93,545
95,074
3,360
83,851
3,379,778
3,379,778
3,379,778
3,379,778		 2020
£
3,053,163
3,053,163
91,714
3,144,877
3,144,877
3,144,877
3,144,877

R D Smithies Chairman

Approved by the Trustees on 24 January 2022

7

THE BEARDER CHARITY NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021

1. Principal Accounting Policies

a) Basis of preparing the financial statements

b) Donations, legacies, and similar incoming resources

Donations, legacies, and similar incoming resources are included in the year in which they are receivable, which is when the charity becomes entitled to the resource. Gift aid reclaimable on donations to the Charity is included with the amount received.

c)

Investment income

Income from investments is included in the Statement of Financial Activities in the year in which it is receivable.

d) Expenditure

All expenditure is included on an accruals basis and is recognised when there is a legal or constructive obligation to pay for expenditure. The Charity is not registered for VAT and accordingly expenditure is shown gross of irrecoverable VAT.

e) Investments

Investments are included at market value at the year end. Gains and losses on disposal and revaluation of investments are taken to the Statement of Financial Activities.

f) Fund accounting

g) Foreign currencies

Transactions in foreign currencies are translated at rates prevailing at the date of the transaction. Balances denominated in foreign currencies are translated at the rate of exchange prevailing at the year end.

8

THE BEARDER CHARITY NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021

2. Investment Income 2021 2020 2020
£ £
Bank Interest - 228
Dividends and Interest from Listed Investments 85,395 117,321
85,395 117,549
3. Analysis of Grants
The amounts payable to institutions in the year comprise: -
All Saints Church 500
Calderdale MBC 15,000
Calderdale Smartmove 11,500
Calderdale Talking Newspapers 1,000
Calder Valley Books for Change 1,200
Crows 1,060
Elland Food Bank 500
Halifax Junior Cricket League 3,000
Horton Housing 10,500
Ravenscliffe High School 2,800
The Next Step Respite Care Home 1,000
Together Housing 8,000
Whizz Kidz 5,100
Women Centre 6,000
Yorkshire Youth Music 1,200
Total Institutional Grants £68,360
The amounts payable to individuals during the year comprise:-
Arts 1,146
General Grants 267,690
Educational 57,100
Reconciliation of Grants Payable
Commitments at 6 April 2020 - -
Commitments Made in Year 394,296 307,060
Grants Paid in Year (394,296) (307,060)
Commitments at 5 April 2021 - -

9

THE BEARDER CHARITY NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021

4.
Other Costs
Bank Charges
Independent Examiner’s Fee
Office Costs
Trustees’ Honorarium
5.
Fixed Asset Investments
Quoted Investments
Market Value at 6 April 2020
Additions
Disposals
Revaluation
Market Value at 5 April 2021
Historical Cost at 5 April 2021
6.
Creditors:Amounts falling due within one year
Other Creditors
7.
Movement in Funds
Unrestricted Funds
General Fund
Total Funds		 At 6.4.20
£
3,144,877
3,144,877		 2021
£
-
2,820
3,182
2,100
8,102
3,053,163
382,150
(753,527)
614,141
3,295,927

2,520,541
3,639
Net
Movement
in Funds
£
234,901
234,901		 2020
£
87
2,720
2,595
1,200
6,602
3,614,535
562,534
(604,958)
(518,948)
3,053,163
2,891,918
3,360
At 5.4.21
£
3,379,778
3,379,778

10

THE BEARDER CHARITY NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021

7. Movement in Funds (continued)

Net Movement in Funds included in the above are as follows:-

Unrestricted Funds
General Fund
Total Funds		 Incoming
Resources
£
85,505
85,505		 Resources
Expended
£
(418,382)
(418,382)		 Gains
and Losses
£
567,778
567,778		 Movement
in Funds
£
234,901
234,901




8. Contingent Liabilities

There were no contingent liabilities at 5 April 2021 (2020 - None).

9. Trustees and Other Related Parties

The following trustees were paid for services rendered to the Charity: -
D Normanton (Bookkeeping/Accountancy)
£		 2021
£
3,182
£		 2020
£
2,412

The Chairman and Treasurer received honorariums of £1,000 and £500 respectively and the other two trustees each received £300. These amounts are considered to reflect the duties performed in relation to serving the Charity.

There are no other related party transactions.

10. Gains and Losses on Investment Assets

There are total (losses)/gains of £567,778 shown on the face of the Statement of Financial Activities.

An analysis of these gains is shown below.

Realised Unrealised Total
£ £ £
Fixed Asset Investments (46,363) 614,141 567,778

11