SMITH BRADBEER CHARITABLE TRUST
UNAUDITED ANNUAL REPORT
31 MARCH 2021
(CHARITY NUMBER: 1060418)
SMITH BRADBEER CHARITABLE TRUST
ANNUAL REPORT
| 31 MARCH 2021 | ||
|---|---|---|
| Contents | Page | |
| Trustees' Report | 1 - 2 | |
| Independent Examiners Report | 3 | |
| Receipts and Payments Account | 4 | |
| Statement of Assets and Liabilities | 5 |
1
SMITH BRADBEER CHARITABLE TRUST
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2021
Smith Bradbeer Charitable Trust, 14-20 Bell Street, Romsey, Hampshire SO51 82E, was registered with the Charity Commissioners (No. 1060418) on 28 January 1997 and is constituted by Deed of Trust dated 23 January 1997. It is an unincorporated charity and the accounts have been prepared on a receipts and payments basis.
The charity is administered by a management committee, comprising the following trustees:
Mr Anthony Edward Davies Mr Peter Lloyd Davies Mr Trevor John Davies Mr Gregory John Lloyd Davies Mrs Sarah Robinson
The power to appoint additional trustees is vested in the current trustees and is exercisable in writing. Should new trustees be appointed, the existing trustees would take responsibility for their induction.
Activities and objectives
The objectives of the charity are: -
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The advancement of the Christian Religion;
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The advancement of education based on Christian principles;
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Relief of poverty, hardship, distress, age and sickness throughout the World;
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Other such charitable purposes for the benefit of the communities of Hampshire and Dorset.
The objectives of the charity have been met in the financial year by contributing to various missionary societies and evangelists at home and abroad who have achieved their aim of spreading the word of the gospel to various people around the world.
The charity has received lower donations in the year due to the Covid-19 pandemic, which has in turn had an impact on the charitable donations given.
The charity is looking to expand the number of contributions and increase amounts in due course.
During the year the charity made more than fifty charitable donations for the advancement of its objectives (2020 — fifty).
The charity is dependent upon Smith Bradbeer and Company Limited and RAM Capital Limited for donations received and for rental income received from a small plot on the Quob Lane site that is rented by Paint Pots Nursery.
Reserves
The charity has no policy in relation to reserves. Charitable donations and work are expensed at the decision and approval of the trustees from the cash reserves held in the bank account. There is no minimum buffer to be held back in the cash reserves.
2
SMITH BRADBEER CHARITABLE TRUST
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2021
Public benefit
The charity has referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing its aims and objectives and in planning future activities. in particular, the trustees consider how planned activities will contribute to the aims and objectives that they have set.
For and on behalf of the Board of Trustees
…………………………………………………………………………
Mr Gregory John Lloyd Davies Trustee
……………………………………………….. Date
SMITH BRADBEER CHARITABLE TRUST
3
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF
SMITH BRADBEER CHARITABLE TRUST
I report to the trustees on my examination of the accounts of Smith Bradbeer Charitable Trust for the year ended 31 March 2021, which are set out on pages 4 to 5.
Responsibilities and basis of report
As the charity's trustees of the Trust 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 Trustee’s accounts carried out under section 145 of the 2011 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 2011 Act.
An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their Opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently, I express no opinion as to whether the accounts present a ‘true and fair view’ and my report is limited to those speci c matters set out in the independent examiner's statement.
Independent examiner’s statement
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:
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(1) accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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(2) the accounts do not accord with those records.
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(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.
Michaela Johns FCCA Hopper Williams & Bell Limited Chartered Accountants Highland House Mayflower Close Chandler's Ford Eastleigh Hampshire SO53 4AR
Date ………………………………………...
SMITH BRADBEER CHARITABLE TRUST
4
RECEIPTS AND PAYMENTS ACCOUNT (GENERAL PURPOSE FUND)
FOR THE YEAR ENDED 31 MARCH 2021
| Receipts Grants and Donations Smith Bradbeer and Company Limited RAM Capital Rental income Safe Families Paint Pots Nursery Service charges Total Receipts Payments Charitable donations Charitable work Books and other publications Bank charges Business rates Insurance Premises expenses Legal and professional fees Total Payments Net cash payments Cash funds brought forward Net receipts in year Cash funds carried forward |
2021 £ 400 400 2,583 19,770 3,600 26,753 19,475 - - 97 - 3,254 19,568 2,584 44,978 (18,225) 27,074 (18,225) 8,849 |
2020 £ 110,100 22,600 - 25,560 3,600 |
|---|---|---|
| 161,860 | ||
| 73,869 7,793 228 306 1,084 3,135 89,077 - |
||
| 175,492 | ||
| (13,632) | ||
| 40,706 (13,632) |
||
| 27,074 |
SMITH BRADBEER CHARITABLE TRUST
5
STATEMENT OF ASSETS AND LIABILITIES
AS AT 31 MARCH 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Fixed Assets | ||
| Investment properties | 650,000 | 650,000 |
| Cash funds | ||
| Cash at bank | 8,849 | 27,074 |
| Total assets | 658,849 | 677,074 |
| Liabilities | - | - |
Included within investment properties of £650,000 is a donated asset that has been revalued. The revaluation was carried out by Jones Lang LaSalle in September 2016 and was £650,000. The Trustees believe the valuation to still be adequate and that there has been no material change in value since the last dated valuation.
Approved by the Trustees and authorised for issue
.................................................. Mr Gregory John Lloyd Davies Trustee
..................................................
Date