Charfty Regi5tratlon No. 1026111 THE BERNADETTE CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
THE BERNADETTE CHARITABLE TRUST CONTENTS Legal & administrative detai18 Trustees. rep)rt Independent axaminerfs report statt of financial activities Balance she8t Notes to the financial 8tatements', &12
THE 8ERNADETTE CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mrs E O'Hea Mr J O'Hea Mr S O'Hea Charty number 1026111 Reglstsred offic• 26 Lavant Road Chlchester West Su588X P019 5RG Independent examlnor Harrison Hlll Castle & Co Melbury House 34 Soulhborough Rowj Bickley, Kent BR12EB
THE BERNADETTE CHARITABLE I'RUST TRUSTEES, REPORT FOR THE YEAR ENDED 5 APRIL 2024 trustees present their report with the financi6118tatements of the charity for the year ended 6 April 024. Thfy trustees have adopted th8 PFovisi¢ns of Accountin9 and Reportlng by charit.. Statement of R8commended Practice appliGable to Charities preparing thelr accounts in a(zordance with the Financial Reporting Standard applicable In the UK and ReputAic of Ireland (FRS 102) (effective 1 January 2019). Objectlves and aetlvitl8s The object of the charity is to derive income from thi capital investments which 15 then expended by way of charitable donations. The Trusl supports general chantabl8 purposes arid only causes known to tnjstees are considwed. The Trust dogs not respond to unsolicited applications and does not make grants to individuals. Public ben The trustees have paid due regard to guidance issued by the Charity Commission in deciding What activities the charity should undertake. Achlevements and perfomianco Financial review & posltlon The results for the year are shown in the St8temt!nt of Flnanci81 Activities on Page 8 and the Balance Sheet on page 7. During the financial y&2r £42,900 (2023.. £89.500) of donations were made to 26 (2023.. 29) different charities. .R¥Or Policy The po]Y of the trustees is that income recelved fiDm investments of the charity will be spent in the yr received. It is thelr intention to retaln reseNes at tlieir current level (adjusted tf nece558ry for infiatsn) In order b maintsin a regular IncDme to be used for ¢harflable purposes as sel out in the trust deed. Investment pollcy and objectlves There are no strIctl0nS on the charity8 power tc, invest. The quoted inveslments are managed by an -IR¥knnt manager and the instructlons are to invest the money In medium risk Invesknents that guarantee a reasonable income stream at the same time as retalning the current capital value. Structureg governance arKI management Governiing document The charity is controlled by its governing document, a deed of trust dated 4 August 1993 and constitut88 an unincorpor*d chartty. Mrs E O'Hea Mf J O'Hea Mr S O'Hea Rl8k managem•nt The trustees h8ve a duty to identify and vieW Ihi? ri8k8 to which the charity ts exposed and to ensure appropiiat&rAntrols are In place to provide 8ssuran(;e agalnst fraud and eOr. Organisatlonal 8tructure The charity has no employees arKI is administsred by the trustees on a voluntary basis. The tru8tee6' IEPOrt wa8 approved by the Board of tr steeg,. Mr J O'Hea Trus
THE BERNADErrE CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BERNADEE CTrLbJllTABLE TRUST Independent examinw'8 report to the tfustees of The Bernadette Charltable Tru8t I report to the charity trustees on my examination of the accounts of The Bemadette Chwitabl8 Trust (the Trust) for the year ended 5 April 2024. Responslbllnles and ba818 ol report As the tharity trustees of the Trust you are responsib18 for the preparation oy the financial slatemlS In accordance with the requirements of the Charities Act 2011 (th8 2011 A¢t). I report in resp¢¢t of my èx8mlnation of the Trust's financial statements c8rried out under section 145 of the 2011 Act In carrying out my examination I have followed all the applicable Directions given by the Charity Commi&8ion under section 14515){b) of the 2011 ACL Indepondent examlnerfs statemont rhavffcompf8led' my examirk2tion. I confirm that no matters h.avo come to my attention In connection the examination giving me cause to belleve that in any terIal respecL' 1 accounting records were not kept In reScl of the Trust as required by $8Ction 130 of the 2011 Act. or 2 the flnancial stst8m8nts do not aCr<I with those re¢ord5" or 3 the financial statements do not comply with the applicable requlrements concwning the form and content of accoTrJnts set out in the Charities (AGcounts and Reports) Regulattons 2008 cther than any r.equirement that the accounts glve a true 8nd fair view which is not a matter cxinsidered as part of an indep8ndent examination. I have no cOnmS and have come across no other matters in conneclton with the examination to which attention should be drawn in this report in order to enabl8 a proper understanding of th8 financial statements to be reached. Paul Castle FCA Harrison Hlll Casue & Co Melbury House 34 Southborough Road 8ickley Kent BR12EB
THE BERNADETTE CHARITABLE T'RUST STATEMENT OF FINANCIAL ACTNITIES FOR THE YEAR ENDED 5 APRIL 2024 2024 Incom• from Inv8stments 44,369 45,729 Expendlture on raislng furKIs (10,592) 33,777 (11,236) Exp8ndtture on charitable act(vtties (44,685) (91,248) (10,9)8) (56.754) Net gansl(f05se8) on in51M 10 (23.429) (76.343) Net"Income for the year {34,337) (133.-0gn Fund balar al 6 Awil 2023 1,081,098 1,214,195 Fund balanc• at 6 Aprfl 2024 1,048.761 1.081,098 Thè sktem8nt of financtal actie8 indudes al] gains and losses recognised in the year. All Income and expenditure derive from continulng aclivities All fvnds are unr8Stdcted
THE BERNADEE CHARITABLE TRUST BALANCE SHEET ASAT S APRIL 2024 2024 2023 Notes Fixed assets Investrnents 982,054 1.033,358 Curfonts a88•ts Cash at bank and In hand 66,141 49,127 Creditors: amounts falling d wlthln one year (1.434) (1,387) Net currnnt assets 64.707 47,740 Total assets less current IlabillUo3 1,rA6.761 1,081,098 Income fun( Unrestricted funds 1,046,761 1.081,098 1,046.761 1,081,09B Th&finanoal statement&were apJ)foved. by the Truslw on by: 10 and. are Snad on its behalf Mr. J O'Hea Trustse
THE BERNADETTE CHARITABLE I'RUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 I Accounting poll¢los 1.1 Accountlng convgntlon The financial statements have been prepared in lacco[dan with the Trusvs governing docum8nC the Charities Act 2011 and "Accounting arKI Reporting by Ch8ritt88: Statement of Recommended Practice applicable to charitses preparing their accounts iii accordan* WFth the Financial Reporting Standard applicable In the UK and Republle of Ireland (FRS 102) (effective 1 January 2019)" The Trust Is a Public Benefit Entity as defined by FRS 102. Th& Trust has taken advantage of the provlsions In the SORP for charities ap.plying FRS 102 Update Bulletin I nol to prepare a Statement of Cash Flt)WS. Th8 financlal statements have departed from tha Cliarities (Accounts and RepJrt5) R8gulats'ons 2008 only to the extent required to provide a true and fair vievi. This departure has involved followlng the Stat8ment of Recommended Practice for charities applylng F.'RS 102 rather than the versv)n of the Statsment of RoCmend8d Practice which is referred to in the Regul8tlons but which has slnce been withdrawn. The financial statements are prepared in 8terfing, Mthlch is the funOnal currency of the Trust. Monetary amounts in these financlal statements are rounded ti) the rwrest £. The financial ststements have been prepared under the historical cost convention, with the exception of investmerrts which are Induded at market value. 66 mLyJlfied by the revaluation of certain assets. The principal accounting policies adopted are set out b8kJw. 1.2 Golng conc•m At the time of approving the financial statements. the Trustees, have a Sonable exp8ctab.on that the Trust ha5 adequats resources to continue In operatronal exlstence for the foreseeable future. Thus the Tru5tees' continue to adopt thg golng concem ba818 1)f accounting in pyeparing the financial statements. However, becsuse not all fijiure events or cortdition:s can be predicted, this statement is not a guarantee as to the Trusts ab11 ty to ntInue 8s a going (nceM. For examp16, th& extent of th8 impact of coronavir{ is unclear and it is difficutt to evaluate aK the potents-af implications on the Trusts activilS 13 Charftabl• funds Unrestricted fijnds can ba used In acmrdance WFlh the chadtable objectives at the discretion of the Further explanation of the nature and purpose of each fund is induded in the notes to the flnancial 1A Ineomo All income 18 recognised in the Statement of Financial AGtivlties once the charity has entitlernent to the fijnds, it is Probab that the in¢om8 wlll be rxeived and amount can be measured reliably
THE BERNADEThE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR"THE YEAR ENDED 5 APRIL 2024 1.5 Exp•ndlturn Liabilities are r8cognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that exp8nditure, it ts probable that a transfer of economic benefits will be required in setttement and the amount of the obligatlon can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings Ihat aggregate all cost related to the catego Where c08ts cannot be directly attrlbuted to partKular headings they have been allocated to activities on a basls Gonsistent wlth the use of resou5. Grants offered subjeGt to conditions which have not been met at the ye8r end date ate noted as commilment but not accrued as expenditurè. The company ha5 elected to apply the provlsions of Section 11 'Basic Financpl Instruments, and S&tion 12 '0ther Financial Instwments Issues. of FRS 102 to 811 of its financial instruments. 1.6 Taxatlon The charity Is exempt from tax on its charitable activiti8& 1.7 Cash and cash equlvalents Cash and cash equlvalents include cash in hand. deposits held at call with banks. other short-temi Ilquid investments with original. maturifies of three monffis or less, an([ bank overdraffs. Bank overdrafts 'are shown within borrowings in current lialis. Crftical accountlng e6Umate8 and Judgements In the application of the Trusys accounting poli(aa8, the charity trustees are required to make judgements, estimates and assumptions about the carrying amount of assets 8nd liakn'lities that not readily apparent frcffj other sources. The estimates 8nd associated assumptions are based on historical experience and oth'erfactors ttiat are con8ider8d to be rdevant Actual results may differ from these estimatss. Th8 estimates and undertylng assumptions are reviewed on an ongoing basls. Revisions to accounting estimates are reeA)gnlsed in the period in which the estimate is rewsed Whe the revtsion affects only that period, or in the period of the revision arKI future periods where the revlsion affects both current and future perlods. 2024 2023 Incomo from Investmonts Income from listed Investments 1nteresl receivable 43,218 1,151 45.675 44,369 45.729
THE BERNADETTE CHARITABLE T'RUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 11 Creditor8: amounts falllng due wlthln one year 2024 2023 Accruals and deferred income 1,434 1,387 12 Relat•d party transactl¢)n8 Thera were no related party transactions during the year. 12