THE BRISTOL COMMONWEALTH SOCIETY TRUSTEES’ ANNUAL REPORT TO 31[ST] DECEMBER 2024 CHARITY INFORMATION
Charity Number: 1048637
Patron:
Mrs Peaches Golding, OBE, Lord Lieutenant of Bristol
President: Professor Evelyn Welch, MBE, Vice-Chancellor University of Bristol Chairman: Dr K Barnard
Treasurer: Ms J Purdy
Members of the Executive Committee:
Mr L Athanasis Dr K Barnard Mr R Elms Mrs J Kirk Mr T Frewin Ms J Purdy Mr S Tshabalala
Address: Commonwealth House 14 Whiteladies Road Clifton Bristol BS8 1PD
Independent Examiner: CEK Accounts Apartment 1, Bamburgh House Bamburgh Road Westerhope Newcastle-Upon-Tyne NE5 5PZ
Page 1
TRUSTEES’ ANNUAL REPORT For the Year Ended 31[st] December 2024
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE BRISTOL COMMONWEALTH SOCIETY
We report on the accounts of the Society for the year ended 31 December 2024.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The trustees consider than an audit is not required for this year under Section 144(2) of the Charities Act 2011 (“the 2011 Act”) and that an independent examination is needed. It is my responsibility to:
-
examine the accounts (under Section 145 of the 2011 Act):
-
to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
-
to state whether particular matters have come to my attention.
Basis of independent examiner’s report
The examination was carried out in accordance with the General Directions 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 statement
In the course of my examination, no matter has come to my attention:
-
which gives me reasonable cause to believe that, in any material respect, the requirements:
-
to keep proper accounting records in accordance with section 130 of the 2011 Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or
-
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Ladies and Gentlemen
The Executive Committee has the honour to present the 30th Annual Report of the Bristol Commonwealth Society.
Reference and administrative information
The Bristol Commonwealth Society is a registered charity (No. 1048637). Its registered office is shown on the information sheet. The Trustees who served during the year are noted on the information sheet.
Page 2
Objects, aims, and activities
The Society is a charity which exists to advance education and to promote within the United Kingdom and overseas the increase and spread of knowledge respecting the peoples and countries of the Commonwealth.
Structure, governance and management
Governing document
This is through a constitution adopted 4[th] March 2008 as amended April 2012.
Governing bodies
The Board of Trustees and Executive Committee are responsible for the overall governance of the charity.
Recruitment and training of trustees
The charity’s trustees and committee members are appointed by the Board of Trustees after due consideration being given to eligibility, personal competence, specialist skills and local availability. New Trustees and committee members are inducted into the workings of the charity by the Board of Trustees.
Risk management
The Trustees and Executive Committee are responsible for the management of the risks faced by the Trust. A formal review of the charity’s risk management processes is undertaken on an annual basis. The key controls used by the charity include:
-
formal agendas for all committee and board activities
-
detailed terms of reference for all committees
-
comprehensive strategic planning, budgeting and management accounting
-
established organisational structure and lines of reporting
-
formal written policies
-
clear authorisation and approval levels
Through the risk management processes established for the Trust, the Trustees are satisfied that the major risks identified have been adequately mitigated where necessary. It is recognised that the system can only provide reasonable but not absolute assurance that major risks have been adequately managed.
Page 3
COMMONWEALTH HOUSE
Health & Safety, Licensing and Events
Mrs Smith continued to ensure that health and safety requirements were met at Commonwealth House. She acts as administrator, events manager and licensee (DPS). She is pleased to report that the premises retain a five star hygiene rating.
Quick Financial Overview to 31[st] December 2024
| Revenue from the car park: | £20,230 |
|---|---|
| Membership Subscriptions: | £1,532 |
| Income (gross) from venue hire, catering and the bar: | £14,543 |
| Rental income from the upper floor offices: | £4,400 |
| Gift Aid: | £1,302 |
| The Society’s investments at 31stDecember 2024: | £54,852 |
| Charitable donations made by the Society in 2024: | £4,620 |
| Charitable donations received by the Society: | £600 |
Reserves policy
The Trustees believe the Society’s level of reserves to be sufficient to meet its day to day requirements. As a matter of policy, each year the Trustees review the value of the reserves required to be held in investments, cash and cash equivalents not restricted to any particular purpose. The Committee considers the charity’s exposure to the risk of any significant loss of income and to the risk of unforeseen expenditure, which cannot be mitigated by executive action, and the degree of the risk ascribed to each such event is assessed.
Mr Christopher Serle
The Chair and Trustees would like to express their deep sadness at the death of Chris who served as Vice-Chair for 10 years. He was a much loved member of the Executive who brought with him an irrepressible enthusiasm, warmth and wonderful sense of humour. We feel very privileged to have known him. Our thoughts are with his wife Ali and their children.
Page 4
CHARITABLE DONATIONS MADE BY THE SOCIETY IN 2024
COMMONWEALTH SCHOLARS NEW YEAR’S PARTY 20[TH] JANUARY
The Society hosted its annual New Year’s party for Commonwealth Scholars who last year were studying at Bristol, Exeter and Bournemouth universities under the auspices of their Regional Coordinator, Siddhi Joshi, from India. The event was very well supported with twenty eight scholars in attendance as well as our Patron and Trustees of the Society.
The students enjoyed a hot buffet lunch with a range of options and afterwards a specially inscribed cake which definitely received the seal of approval. After lunch each student was presented with a certificate declaring “Proud to be a Commonwealth Scholar” which we are sure they will treasure. BCS donated £280 towards the event and continues to offer support to Commonwealth Scholars throughout the year.
THE KENYAN ASSOCIATION IN BRISTOL 17[TH] FEBRUARY
We had great pleasure to meet with David Nguyo, Rose Kingori and Robert Owino, Trustees of the Kenyan Association in Bristol. This community led organisation aims to promote the welfare and shared heritage of its members and to this end hosts a variety of social, cultural and educational events throughout the year.
We are delighted to announce that as a result of that meeting BCS has partnered with them and offered use of our event space along with a donation of £500.
Page 5
COMMONWEALTH DAY 11[th] MARCH
The annual fly-the-flag celebration took place on 11[th] March outside City Hall and was attended by our Patron together with the High Sheriff of Bristol, the Rev Richard Pendlebury, Mayor of Bristol, Mr Marvin Rees, Lord Mayor of Bristol, Cllr Paul Goggin and the Very Revd Dr Mandy Ford, Dean of Bristol. Also in attendance were community and faith leaders along with representatives from the Police, Army Cadets and the Fire Service.
We were delighted to see David Nguyo, Vice-Chair of the Kenyan Association in Bristol and Marian Siawanda, Chair of the Sierra Leone Bristol Association, both organisations having recently partnered with BCS.
The theme for Commonwealth Day 2024, and the subsequent Commonwealth Heads of Government meeting in Samoa, was ‘One Resilient Common Future”.
The flag was proudly raised by Commonwealth Scholar Nicholla Chan from Fiji who was studying Economics at the University of Bristol.
Our Patron read the King’s speech to the Commonwealth with the Affirmation read by the Lord Mayor and prayers by the Dean of Bristol. Afterwards guests retired to the Lord Mayor’s Reception Room in City Hall where light refreshments were sponsored by BCS. The event, which is jointly organised by BCS, Bristol City Council and the Lord Lieutenancy, was extremely well supported with around 65 guests. The Society donated £190 towards the occasion.
GLENSIDE HOSPITAL MUSEUM TEA PARTY 6[TH] JUNE
Glenside Hospital Museum, which was founded by consultant psychiatrist Dr Donal F Early, is now curated by a dedicated team of volunteers and aims to educate visitors about the history of mental healthcare. Its unique collection of objects and photographs creates a vivid story of life in the hospital which is explored with compassion and dignity.
The Museum is located within the hospital’s church which was built exclusively for patients in 1888. The stained glass windows and alter carvings are of particular note as they were specially designed to give the congregation hope and a belief in recovery.
Page 6
Glenside once housed one thousand patients but was eventually closed in1994. A high percentage of its healthcare professionals came from Commonwealth countries and on 6th June BCS was delighted to collaborate with the Museum in a very special tea party to honour their service. The event was appropriately named “Answering the Call” reflecting the various post war recruitment campaigns aimed mainly at the Caribbean. Around seventy people attended the event and in a particularly moving gesture many of the former nurses had adorned the museum with hand embroidered textiles.
After speeches and a chance to explore the exhibits, guests were treated to afternoon tea which had been specially prepared by BCS. The Society donated £500 towards the event and hopes to work with the Museum again.
SIERRA LEONE BRISTOL ASSOCIATION (SLEBA) AFROFEST 15[TH] JUNE
Youth members from the Sierra Leone Bristol Association were thrilled to be chosen to showcase their cultural heritage at last year’s Afrofest. This prestigious festival takes place annually at the Trinity Centre and is a celebration of African dance, music, food and art. Participating in this event is a great achievement and offers increased visibility within Bristol’s cultural scene. SLEBA needed to raise £300 to buy costumes and provide transport for their performers and BCS was delighted to donate the full amount.
Page 7
BRISTOL COMMUNITY AWARENESS AND INCLUSION DAY 10[TH] JULY
On 10[th] July members of the BCS Executive attended at a special Community Awareness Day kindly organised by Punjabi Forum International (PFI). The event welcomed Bristol’s new Lord Mayor, Cllr Andrew Varney, and thanked the previous Lord Mayor, Cllr Paul Goggin, for his service to the city. Our Patron was also in attendance along with community leaders, representatives from Bristol Multi Faith Forum and a number of city Councillors. It was a wonderful opportunity for stakeholders to exchange ideas on ways to make Bristol a more inclusive city and there were some truly inspiring speeches. The Society donated £150 towards this event and the continued work of PFI.
BRISTOL PHOTO FESTIVAL 16[TH] TO 20[TH] OCTOBER
BCS was very pleased to support this annual event which last year was entitled “The World a Wave”. The festival explored global connections and in particular migration focusing on the experiences of Britain’s Caribbean diaspora from the early days of the Windrush through to post Brexit Britain. It also examined the psychological impact of migration for those who came here and those they left behind.
This is a locally grounded event delivering long term educational programmes to culturally underserved communities and community spaces. It regularly draws around 200,000 visitors and the exhibitions, alongside a wide programme of accompanying events, is free to everyone.
Sponsors of the exhibition included the Royal Photographic Society and the British Council along with BCS which donated £500.
Photograph courtesy of Andrew Jackson
Page 8
BRISTOL CATHEDRAL ACCESS APPEAL – OCTOBER
Bristol Cathedral launched its “Access for All” appeal which will create level access for people with mobility issues and enable them to enjoy the Cathedral, its café and the many events and exhibitions it hosts throughout the year. BCS donated £150 towards their goal.
ATLAN FILM FESTIVAL 28[TH] SEPTEMBER
ATLAN (which stands for Africans Transforming Lives and Narratives) was a showcase event for emerging talent from both Bristol and South African film makers.
It began with screenings in Durban South Africa and Bristol UK where the energies of these two UNESCOrecognised cities in Film and Literature converged. On 28 September 2024, the Bristol community was treated to a captivating selection of South African short films at Easton Community Centre while Durban audiences experienced some of Bristol's finest shorts at the KZN Tourism and Film Authority Cinema in Musgrave.
Film is an excellent medium to promote better international understanding and the initiative exposed both film makers and audiences to new cultures and experiences. Most importantly it increased awareness of the social and environmental challenges faced by both communities.
Film and film makers screened at the event:-
-
The River Gives by conservationist Mlungisi Ntuli
-
Meeting The Tides by Tembisa Jordaan
-
SENT by Ayanda Halimana
-
Make A Wish by Minenhle Luthuli
-
Grassland by Nature Environment Wildlife Filmmaking
-
Who Remembers by Marchez Sullaphen
Around one hundred people attended the screenings in Easton which was sponsored jointly by Ujima Radio and BCS which donated £1,000 to the project. It is hoped ATLAN will be expanded to create an annual cultural exchange between the two cities.
Photograph courtesy of Kelvin Williams.
Page 9
CACEFU KIDS MARCHING BAND MOZAMBIQUE
The Society continued its support for The CACEFU Kids Marching Band from the Zambezia School in Alto Molocue, Mozambique. The band was formed by former Commonwealth Scholar, David Muassua, who recognised the value of music to young people and is passionate about making it accessible to all.
The Band not only brings a great deal of joy to the students but also empowers them to attain their full potential both musically and as individuals and they regularly perform at prestigious ceremonies for dignitaries and government officials. The Society is very proud to sponsor this grassroots initiative and last year donated £300 which will help towards much needed musical instruments and uniforms.
FANCY FINANCE
In April BCS offered support to this newly formed community project led by Jasmyne Wilkinson who works for the Malcolm X Centre.
Fancy Finance began with a series of informal meetings by women of Commonwealth heritage in each other’s homes where they shared information on employment, education and wellbeing. Topics have since expanded to typically include investments, grants, insurance and general financial management as well as access to better healthcare and nutrition.
Through collective support the women discuss their goals and with diligent research aim to turn them into reality with subjects explored through film, guest speakers and practical demonstrations.
BCS was very impressed with the dedication and professionalism of this initiative which was bringing about positive change for ethnic minority women. The Society offered them a safe space to hold their monthly meetings representing a donation of £1,200.
Page 10
SLEBA AND SIERRA WOMEN INDEPENDENT GROUP FESTIVE APPEAL
The Sierra Leone Bristol Association in conjunction with Sierra Women Independent Group set about raising funds to buy gifts for children, elders and vulnerable individuals in their community who would otherwise go without. Their committees worked tirelessly not only to raise funds but to identify those in need and distribute the gifts in time for Christmas. BCS donated £500 towards this most worthwhile appeal which brought smiles to so many faces.
BRISTOL LINK WITH BEIRA (BLB)
BCS have good links with this organisation which represents Bristol’s only twinning with a Commonwealth City. BLB was formed in 1990 when the two cities signed a friendship agreement to celebrate the end of apartheid in neighbouring South Africa. Since then BLB has promoted networks between Bristol and Beira to empower and benefit both communities and to foster cultural exchange. BCS donated £250 towards their annual calendar appeal with all funds going directly to the charity’s continued work.
OTHER ACTIVITIES AND ENGAGEMENTS
ANNUAL GENERAL MEETING 27[TH] APRIL
The AGM was well supported with around 25 members in attendance. Dr Barnard had prepared a power point presentation of the previous year’s highlights which was very well received and afterwards members enjoyed a complimentary buffet lunch.
BRISTOL LEGACY FOUNDATION 15[th] MARCH
On 15[th] March BCS was privileged to attend the official launch of the Bristol Legacy Foundation (BLF) which took place at M Shed.
BLF’s objective is to examine racial justice and the future of African heritage communities in our city as well as Bristol’s history in the context of the Transatlantic Trafficking of Enslaved Africans (TTEA). Its vision is to create a dedicated cultural, educational and visitor experience to be called “Story House” which would chronicle the lives and futures of those affected by enslavement.
Marvin Rees, Mayor of Bristol, said at the launch: “For decades Bristol has avoided meaningful acknowledgment of its involvement in the Transatlantic Trafficking of Enslaved Africans. Through a wide coalition of interests, Bristol is now primed to play a leading role nationally and internationally.”
As part of its on-going memorialisation efforts, BLF had appointed Bolanle Tajudeen as the Public Art Commissioner to create permanent and impactful installations commemorating African Heritage Communities. A space by the Cascade Steps had been confirmed as the site for the first memorial.
Taking the stage, Cllr Asher Craig, Chair of the Bristol Legacy Foundation and then Deputy Mayor, was delighted to announce that B Bond Warehouse was the proposed site for Story House. She said: "Our vision for B Bond warehouse is to create a world-class Story House or museum that not only educates but also inspires positive change and a collective commitment to social and racial justice.”
Page 11
It was a truly uplifting event with around 300 attendees, which brought together stakeholders from all sectors and walks of life. Cllr Craig finished by saying:
“Today’s launch of the Bristol Legacy Foundation marks a pivotal moment in our collective journey towards healing, reconciliation and justice.”
GREEK ORTHODOX COMMUNITY ANNUAL BBQ 30[th] JUNE
BCS was delighted to receive an invitation from newly appointed Trustee, Mr Athanasis Lazarides, to this annual event at the community’s venue in St Pauls. The Greek Orthodox Church at the very heart of the community was open to visitors and was a truly magnificent sight with an array of candles and stunning icons.
After exploring the church guests were treated to a feast of traditional Greek Cypriot food and famed hospitality. Above all it offered a wonderful opportunity to engage with the culture, faith and rich history of this Commonwealth country. We are most grateful to Laz for his kind invitation.
Page 12
KENYAN ASSOCIATION IN BRISTOL BBQ 13[TH] JULY
Members of the Executive were also delighted to be invited to this event having recently partnered with the Kenyan Association in Bristol.
Despite a rather disappointing summer the sun shone brightly as guests enjoyed traditional food, music and cultural presentations. There were a variety of interesting stalls promoting other organisations and it was an excellent opportunity for BCS to get to know its new partners. Joining us for this event were two students from Kenya and one Commonwealth Scholar from Uganda who were residents of Hodgkin House.
SIKH AWARENESS DAY 17[TH] NOVEMBER
Members of BCS were graciously invited to attend the Gurdwara in St George for a Sikh Awareness Day where members of the Sikh community welcomed everyone who wished to learn more about their religion and culture. Representatives from Bristol Multi Faith Forum were in attendance as well as the Lord Mayor of Bristol, Cllr Andrew Varney. Guests enjoyed Langar which is a free communal meal of vegetarian dishes available to all, regardless of background or religious beliefs, reflecting Sikhism’s selfless service to the community. Sikh Awareness Days are held several times a year and are a wonderful way to explore this culture. Their hospitality and contributions to society are well known and both were most evident at this event. We would like to thank Punjabi Forum International for their kind invitation.
COMMONWEALTH WRITERS READERS GROUP 26[TH] NOVEMBER
This long established book group meets each month under the guidance of BCS member, Mrs Valerie Davey, to explore works by authors from around the Commonwealth. Each year they read the winners of the Commonwealth short story competition along with a wide range of other works. The group is always open to new members and membership of BCS is not a requirement if you wish to join them.
Page 13
COMMUNITY GROUPS AND OTHER CHARITIES
Throughout the year the Society offered use of its facilities to other charities and community groups including African Voices Forum, Bristol Beira Link, Beyond the Fringe Theatre Group and Fancy Finance as well as a number of local residents’ associations. BCS is delighted to offer free or discounted room hire to community and charitable organisations and we invite those with similar values to get in touch.
Page 14
Statement of Trustees’ Responsibilities and Governance
The Trustees are responsible for their annual report and the presentation of the accounts for each financial year which give a true and fair view of the incoming resources and application of those resources to the charity during the year and of the state of affairs at the end of the financial year. In preparing these accounts the Trustees are required to:
-
ensure that suitable accounting policies are established and applied consistently
-
make judgements and estimates which are reasonable and prudent
-
state whether the applicable accounting standards and statement of recommended accounting practice have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the accounts on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees have overall responsibility for ensuring that the charity has appropriate systems and controls, financial and otherwise. They are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enables them to ensure that the financial statements comply with the Charities Act 1993 (amended 2006).
They are also responsible for safeguarding the assets of the charity and for their proper application as required by charity law, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities and to provide reasonable assurance that:
-
the charity is operating efficiently and effectively
-
all assets are safeguarded against unauthorised use or disposition and are properly applied
-
proper records are maintained and financial information used within the charity, or for publication, is reliable
-
the charity complies with relevant laws and regulations.
Internal controls over all forms of commitment and expenditure continue to be refined to improve efficiency. Processes are in place to ensure that performance is monitored and that appropriate management information is prepared and reviewed regularly by both the Executive management and the Board of Trustees.
The systems of internal control are designed to provide reasonable but not absolute assurance against material misstatement or loss. They include:
-
an annual budget approved by the trustees
-
regular consideration by the trustees of financial results, variances from budgets, non- financial performance indicators and benchmarking reviews
-
delegation of day to day management authority and segregation of duties; and identification and management of risks
This report has been prepared in accordance with the Statement of Recommended Practice – Accounting and Reporting by Charities. Approved by the Trustees and signed on their behalf:-
K ay Barnard DR KAY BARNARD, CHAIR
Dated 10[th] April 2025
Page 15
BRISTOL COMMONWEALTH SOCIETY ACCOUNTS YEAR ENDING 31[ST] DECEMBER 2024
BALANCE SHEET AS AT 31 DECEMBER 2024
| INCOME & EXPENDITURE ACCOUNT AS AT | 31.12.2024 | 31.12.2023 |
|---|---|---|
| INCOME | £ | £ |
| MembershipSubscriptions | 1,532 | 0 |
| Charitable Donations Received | 600 | 0.00 |
| Office rents invoiced | 26,400 | 26,400 |
| Rents - Car Parking | 20,230 | 17,800 |
| Venue Hire,Catering& Bar | 14,543 | 27,506 |
| Dividends & Interest Receivable | 1,764 | 379 |
| Gift Aid | 1,302 | 1,086 |
| Draw down of investments | 46,104 | 0 |
| Coronavirus Covid 19 Grants | 0.00 | 0.00 |
| 112,475 | 73,171 | |
| LESS: OVERHEADS | ||
| Purchases | 10,619 | 9,040 |
| Staff Salaries & Book-Keeping | 24,450 | 24,372 |
| Office & General Administration | 3,856 | 5,467 |
| Upkeepof Premises & Refurbishment | 46,104 | 21,975 |
| Functions & CateringCosts | 0 | 0 |
| Charitable Donations | 4,620 | 4,037 |
| Equipment Hire | 0 | 0 |
| Insurances | 4,351 | 4,399 |
| SundryExpenses &Retirement Gift | 0 | 0 |
| Accountancy | 1,750 | 1,800 |
| Legal & Professional | 1,459 | 0 |
| Commission | 158 | 581 |
| Bank Charges | 60 | 60 |
| Bad Debt Written Off(unpaid office rents) | 22,000 | |
| 119,427 | 71,731 | |
| NET PROFIT(LOSS) before Depreciation and Investments FOR THE YEAR |
(6,952) | 1,440 |
| MOVEMENT IN VALUATION OF INVESTMENTS | ||
| Surplus(loss)on Valuation of Investments | (56,775) | 8,586 |
| NET SURPLUS(DEFICIT)FOR THE YEAR ENDING 2024 | (63,727) | 10,026 |
Page 16
| 31.12.2024 | 31.12.2023 | ||
|---|---|---|---|
| NOTES | £ | £ | |
| FIXED ASSETS | |||
| Tangible Assets | 356,072 | 358,351 | |
| INVESTMENTS | |||
| Unit Trust Portfolio | 54,852 | 111,627 | |
| 410,924 | 469,978 | ||
| CURRENT ASSETS | |||
| Stock | 0 | 0 | |
| Debtors & Prepayments | 22,000 | 0 | |
| Cash at bank and in Hand | 42,677 | 40,473 | |
| Doubtful Debt Provision | (22,000) | ||
| 42,677 | 40,473 | ||
| CURRENT LIABILITIES | |||
| Amounts fallingdue after more than oneyear | |||
| SundryCreditors & Accruals | (10,000) | (1,151) | |
| 443,601 | 506,451 | ||
| NET CURRENT ASSETS | |||
| CAPITAL & RESERVES | |||
| Unrestricted Funds | 443,601 | 506,451 | |
| Approved bythe Executive Committee | |||
| Kay Barnard | |||
| DR K BARNARD - CHAIR |
|||
Page 17
| 3 | TANGIBLE FIXED ASSETS | Computer | Furniture & | Freehold | |||||
|---|---|---|---|---|---|---|---|---|---|
| Equipment | **Fittings ** | Property | Total | ||||||
| £ | £ | £ | £ | ||||||
| COST | |||||||||
| At 01 January2024 | 5,787 | 82,251 | 346,956 | 434,994 | |||||
| Additions | |||||||||
| Disposal | |||||||||
| At 31 December 2024 | 5,787 | 82,251 | 346,956 | 434,994 | |||||
| DEPRECIATION | |||||||||
| At 01 January2024 | 5,600 | 71,043 | 76,643 | ||||||
| Charge for theyear | 37 | 2,242 | 2,279 | ||||||
| Disposals | |||||||||
| At 31 December 2024 | 5637 | 73,285 | 0 | 78,922 | |||||
| NET BOOK VALUE | |||||||||
| At 31 December 2024 | 150 | 8,966 | 346,956 | 356,072 | |||||
| At 31 December 2023 | 187 | 11,208 | 346,956 | 358,351 | |||||
| 4 | INVESTMENTS | 31.12.2024 | 31.12.2023 | ||||||
| £ | £ | ||||||||
| Investments | 54,852 | 111,627 | |||||||
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
The investments were valued on the 31 December 2024 and the surplus on revaluation has been credited with reserves, with opening and closing market value of investments reconciled as follows:
| £ | |
|---|---|
| Balance at 01 January2024 | 111,627 |
| Dividends and interest income received inyear | 0 |
| Cash drawdown inyear andprioryear adjustments | (56,775) |
| Movement in valuation of investments | |
| Balance at 31 December 2024 | 54,852 |
Page 18
| 31.12.2024 | 31.12.2023 | ||||
|---|---|---|---|---|---|
| 5 | RESERVES | £ | £ | ||
| Balance as 01 January2024 | 518,432 | 508,406 | |||
| General surplus(deficit)for theyear | (18,056) | 1,440 | |||
| Movement in valuation in investments | (56,775) | 8,586 | |||
| Balance at 31 December 2024 | 443,601 | 518,432 | |||
| 6 | STAFF COSTS | ||||
| Salaries and other Costs | 24,450 | 24,372 | |||
| 7 | CHARITABLE EXPENDITURE & DONATIONS | ||||
| Duringtheyear the Societyexpended the following | 4,620 | 4,037 | |||
| Amounts on charitable works and student subsidies | |||||
| Other Donations | |||||
Page 19