# **THE DAVID BRIDGER FIRST CHARITABLE TRUST** **(A charity registered with the Charity Commission Registered Number 1065030)** # **TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **Trustees** ## **Independent Examiner** David W Bridger Katherine J Prior Susanne M Bridger Thomas W Bridger Elizabeth A Moss, FCA 44, Warren Drive Orpington, Kent BR6 6EX ## **Bankers** ## **Investment Fund Managers** Lloyds Bank PLC 177 High Street Orpington Kent BR6 OJL CCLA Investment Management Ltd PO Box 12892 Dunmow Essex CM6 9DL ## **Principal address** 160 Worlds End Lane Orpington Kent BR6 6AS ## **THE DAVID BRIDGER FIRST CHARITABLE TRUST** ## **TRUSTEES’ REPORT** The trustees present their report for the year ended 31 December 2024. ## **Aims and purposes** The Trust was established by Trust Deed on 15 July 1997 for such charitable purposes as the trustees may from time to time determine and in particular its objects are to further the Christian religion within the Parish of Green Street Green, Orpington. ## **Objectives and activities** When considering the Trust’s current and future activities, the trustees have considered the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. Commencing in 2006, the trustees resolved to offer gifts from time to time to the Parish of Green Street Green and Pratts Bottom (‘The Parish’). The Parish has indicated over the years that it would like to take up these gifts. A condition of these gifts was that they should remain completely anonymous. The Parish and the Parish of Green Street Green and Pratts Bottom Youth Trust (‘The Youth Trust’) also agreed to the Trust’s request that, rather than having invoices for various costs addressed directly to the Parish or to the Trust by the suppliers concerned, either of which would have involved more people knowing the identity of the Trust, the Parish would arrange for the invoices concerned to be addressed to the Youth Trust which in turn would be put in funds by the Trust to meet the costs involved. ## **Review of the year** During the year, the Trust received donations of £28,000 (2023 £43,250) on which tax recoveries of £6,750 (2023 £8,344) arose and also earned interest of £696 (2023 £321). During 2024, the Trust made charitable donations in cash totalling £37,500 (2023 £43,250) to the Parish. Stock market conditions fluctuated during the year and gave rise to an unrealised gain of £ 63,975 (2023 – £140,727). ## **The future and reserves policy** At present, both David W Bridger and the trust contribute financially to the Parish. ## **Trustees** David W Bridger Katherine J Prior Susanne M Bridger Thomas W Bridger David W Bridger, one of the trustees, keeps records of financial transactions 1 ## **THE DAVID BRIDGER FIRST CHARITABLE TRUST** On behalf of the trustees David W Bridger 10 May 2025 2 ## **THE DAVID BRIDGER FIRST CHARITABLE TRUST** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 (All unrestricted funds)** |**Note**
**INCOME**
Voluntary income
Investment Income
**EXPENDITURE**
Donations
**NET INCOME/(EXPENDITURE) BEFORE**
**INVESTMENT GAINS**
**NET GAINS ON INVESTMENTS**
-
Unrealised
**NET INCOME/(EXPENDITURE)**
**FUNDS BROUGHT FORWARD**
**FUNDS CARRIED FORWARD**
2
2
3|£
34,750
696
35,446
(37,500)
(2,054)
63,975
61,921
1,314,637
£1,376,558|**2023**
£
51,594
321
51,915
(43,250)
8,665
140,727
149,392
1,165,245
£1,314,637|**2023**
£
51,594
321
51,915
(43,250)
8,665
140,727
149,392
1,165,245|**2023**
£
51,594
321
51,915
(43,250)| |---|---|---|---|---| |||||8,665
140,727| The notes on pages 5 and 6 form part of these accounts. 3 ## **THE DAVID BRIDGER FIRST CHARITABLE TRUST** ## **BALANCE SHEET AT 31 DECEMBER 2024** |**FIXED ASSETS**
**Note**
Investments
**CURRENT ASSETS**
Deposit account
Tax recoverable
Cash at bank
**NET CURRENT ASSETS/ LIABLITIES**
**TOTAL NET ASSETS**
**UNRESTRICTED INCOME FUNDS**
4

|£
1,317,160
10,895
6,750
41,753
59,398
£1,376,558
£1,376,558
|**2023**
£
1,253,185
10,346
8,344
42,762
61,452
£1,314,637|**2023**
£
1,253,185|**2023**
£
1,253,185| |---|---|---|---|---| |||||10,346
8,344
42,762| |||||61,452| |||£1,314,637||| Approved by the Trustees on 10 May 2025 and signed on their behalf by: David W Bridger Trustee Susanne M Bridger Trustee The notes on pages 5 and 6 form part of these accounts. **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED** 4 ## **THE DAVID BRIDGER FIRST CHARITABLE TRUST** ## **31 DECEMBER 2024** ## **1. ACCOUNTING POLICIES** ## **Basis of preparation** - (1) The financial statements have been prepared under the Charities Act 2011 and under FRS 102 (2016) as the applicable accounting standards and the 2016 version of the Statement of Recommended Practice, Accounting and Reporting by Charities. - (2) Quoted investments are stated at bid-market value at the balance sheet date. Realised and unrealised gains and losses on revaluation or sale are included in the statement of financial activities. - (3) Pledges of financial support are noted as commitments of the Trust once documented in writing to a third party and as liabilities as calls upon those commitments are made by the third party concerned. ## **2. INCOME** |Voluntary income
Donations
Income tax recoverable on donation (Gift Aid)
Investment income
Interest
**TOTAL INCOME**
**3.**
**EXPENDITURE**
Donations to the Parish of Green Street Green and Pratts
Bottom
**4.**
**INVESTMENTS**
20,986.52 (2023 - 20,986.52) accumulation shares
purchased in the Central Board of Finance of the
Church of England Investment Fund at cost.
Market value at 31 December|**2024**
28,000
6,750
696
£35,446
£37,500
£247,063
£1,317,160
|**2023**
£
43,250
8,344
321
£51,915
£43,250
£247,063
£1,253,185| |---|---|---| 5 ## **THE DAVID BRIDGER FIRST CHARITABLE TRUST** ## **5. RELATED PARTY TRANSACTIONS** - (1) The donations were received from one of the trustees. - (2) The administration of the charity is undertaken by the trustees at no cost to the charity. - (3) No trustees’ expenses have been reimbursed by the charity. 6 ## **THE DAVID BRIDGER FIRST CHARITABLE TRUST** ## **Independent examiner’s report to the trustees of the David Bridger First Charitable Trust** I report on the accounts of the trust for the year ended 31 December 2024 which are set out on pages 3 to 6. ## **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 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 Commissioners 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** My examination was carried out in accordance with the General Directions given by the Charity Commission. The 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 a full 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 connection with my examination, no matters have come to my attention: - (1) which give me reasonable cause to believe that in any material respect the requirements:  To keep accounting records in accordance with Section 130 of the 2011 Act; or - To prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or - (2) to which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached. Elizabeth A Moss, FCA 44, Warren Drive Orpington, Kent BR6 6EX 10 May 2025 7