THE RUBERY OWEN GROUP CHARITABE TRUST Charity No 1031448
REPORT AND FINANCIAL STATEMENTS
YEAR ENDED 5 APRIL 2024
THE RUBERY OWEN GROUP CHARITABLE TRUST
| INDEX | |
|---|---|
| TRUST INFORMATION | 3 |
| REPORT OF THE TRUSTEES | 4-5 |
| INDEPENDENT EXAMINERS REPORT | 6 |
| BALANCE SHEET | 7 |
| STATEMENT OF FINANCIAL ACTIVITIES | 8 |
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THE RUBERY OWEN GROUP CHARITABLE TRUST
TRUST INFORMATION
TRUSTEES Mr R. M. Jenkins (appointed 22.4.16) Mr J. Cross (appointed 22.4.16) Mr L. Thomas (appointed 22.4.16) SECRETARY Mrs E. Eaton CHARITY NUMBER: 1031448 ADDRESS: 3 Waterfront Business Park Brierley Hill West Midlands DY5 1LX BANK: HSBC 328 High St West Bromwich West Midlands
BANK: HSBC B70 8DJ
INDEPENDENT EXAMINER:
Mr E. Challoner
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THE RUBERY OWEN GROUP CHARITIABLE TRUST
REPORT OF THE TRUSTEES
The Trustees present their report and the financial statements for the year ended 5 April 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Trust was established under a trust deed dated 15 December 1993 as The Rubery Owen Group Charitable Trust.
The power of appointing new trustees of the Charity is vested in the Trustees. New Trustees may be appointed at any time (either by way of replacement or addition) but so that the total number of Trustees shall at no time exceed six.
The Trustees meet two to three times per annum, or as required, to consider granting of donations.
All Trustees give their time freely and there has been no remuneration during the year.
OBJECTS OF THE TRUST
The object of the Trust is to make donations to charities at the discretion of the Trustees.
RESERVES POLICY
The Trustees seek to ensure reserves are kept at a sufficient level to respond to applications for donations.
INVESTMENT POWERS
The Trust Deed grants the Trustees the power to invest funds in such assets and geographical locations as they, in their absolute discretion, think fit.
RESPONSIBILITIES OF TRUSTEES
The Trustees are required by the Charities Act to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of its income and expenditure for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
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make judgments and estimates that are reasonable and prudent;
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comply with applicable accounting standards subject to any material departures disclosed and explained in the financial statements;
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume the trust will continue.
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the Trust and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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TRUSTEES
The Trustees of the Trust during the period were:
Mr R. M. Jenkins Mr J. Cross Mr L. Thomas
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THE RUBERY OWEN GROUP CHARITABLE TRUST
Independent examiner’s report to the trustees of the Rubery Owen Group Charitable Trust
I report on the accounts of The Rubery Owen Group Charitable Trust for the year ended 5 April 2024, which are set out on pages
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under the Charities Act 2011 and that an independent examination is needed.
It is my responsibility to
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Examine the accounts under section 145 of the Charities Act 2011;
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To follow the procedures laid down in the General Directions of the Charity Commission under section 145(5)(b) of the Act; and
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To state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the general Direction given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner’s unqualified statement
In connection with my examination, no matter has come to my attention:
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(1) Which gives me reasonable cause to believe that in any material respect the requirements:
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To keep accounting records in accordance with section 132(1) of the Act; and
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To prepare accounts which accord with the accounting records and comply with the accounting requirements of the Act
Have not been met; or
- (2) To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
E. Challoner
Qualification
Address: 6 Ludlow Close, Willenhall, West Midlands
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Rubery Owen Group Charitable Trust
Balance Sheet as at 5 April 2024
| Accumulated Fund | 2024 |
2023 |
|---|---|---|
| Balance as at 6 April 2023 | 75765.13 | 77665.84 |
| Plus net income over expenditure | 118952.71 | (1900.71) |
| ___ | ___ | |
| Balance as at 5 April 2024 | 194717.84 | 75765.13 |
| ======== | ======== | |
| Represented by | ||
| Balances held at the | ||
| HSBC Bank Plc | ||
| Treasurer Account | 124214.27 | 8089.33 |
| COIF | 56027.57 | 53199.80 |
| Cater Allen Bank | - | - |
| _____ | ____ | |
| 180241.84 | 61289.13 | |
| Investment | ||
| 12025 Rubery Owen Holdings Ltd | ||
| £1 Ordinary Shares | 14,476.00 | 14,476.00 |
| ___ | __ | |
| 194717.84 | 75765.13 | |
| ======== | ======== |
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THE RUBERY OWEN GROUP CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 5 APRIL 2024
| INCOMING RESOURCES | 2024 | 2023 |
|---|---|---|
| Investment Income: | ||
| Dividends receivable | 121786.54 | 5627.70 |
| Bank Interest | 2827.77 | 908.29 |
| Gifts | - | - |
| Other | - | - |
| __ | __ | |
| Total Incoming Resources | 124614.31 | 6535.99 |
| __ | _ | |
| RESOURCES EXPENDED | ||
| Expenditure on charitable activities: | ||
| Donations | 5600.00 | 8373.90 |
| Subscriptions | - | - |
| Bank charges | 61.60 | 62.80 |
| __ | __ | |
| Total resources expended | 5661.60 | 8436.70 |
| __ | __ | |
| NET INCOME FOR | ||
| THE YEAR | 118952.71 | (1900.71) |
| ======= | ======= |
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Rubery Owen Group Charitable Trust
Income Year ended 5 April 2024
| £ | |
|---|---|
| Stock Dividend Birmingham City Council | - |
| ROH Dividends | 121786.54 |
| Mill Dam Trust | - |
| _ | |
| 121786.54 | |
| ======= |
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Rubery Owen Group Charitable Trust
Grants and Donations - year ended 5 April 2024
| Donations | 2024 | 2023 |
|---|---|---|
Cancer Research |
||
| Movember Europe | ||
| Children With Genetic Disorders | ||
| Cancer Support | ||
| White City Community and Recreation | ||
| Breaking Bread Food Bank | 500.00 | 1000.00 |
| Acorns Children Hospice | 100.00 | 0.00 |
| Alzheimers Society | 0.00 |
0.00 |
| Severn Hospice | 0.00 | 1150.00 |
| Shropshire Wild Life Trust | 0.00 | 230.00 |
| Ukraine Appeal | 0.00 | 993.90 |
| High Land Hospice | 0.00 | 5000.00 |
| Darlaston Youth Centre | 5000.00 | |
| ____ | ___ | |
| 5600.00 | 8373.90 | |
| Subscriptions | ||
| Business Archives Council | - | - |
| 5600.00 | 8373.90 |
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Rubery Owen Group Charitable Trust
Receipts and Payments Account for the year ended 5 April 2024
| Receipts | 2024 | 2023 |
|---|---|---|
| Income as per schedule | 121786.54 | 5627.70 |
| Interest COIF | 2827.77 | 908.29 |
| Interest Cater Allen | - | - |
| TOTAL INCOME | 124614.31 | 6539.99 |
| ====== | ===== | |
| Payments | ||
| Donations | 5600.00 | 8373.90 |
| Subscriptions | 0.00 | 0.00 |
| Bank charges | 61.60 | 62.80 |
| __ | __ | |
| TOTAL PAYMENTS | 5661.60 | 8436.70 |
| ======== | ======= | |
| Surplus from receipts over payments | 118952.71 | (1900.71 |
| ======= | ======= |
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