Digitally Signed Document Document ID: 22824868C77084
## Document Details:
SOT01-Charity accounts (final)-CG-20231218- **Filename:** 075742-123[397278].PDF **Client of:** Adams Beeny Ltd
## Signature Details
|**Name:**|Peter Edgeler|
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|**Email:**|pete.edgeler@btinternet.com|
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|**Date & Time:**|02/01/2024 11:46:31 AM (GMT)|
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|**IP Address:**|86.143.39.107|
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|**Signing Statement:**|Southdown Omnibus Trust confirms that the
information is correct and complete to the best of
their knowledge and belief.|
## Digital Certificate
The approved PDF file has been digitally certified. Please check the Digital Certificate information in your PDF viewer to verify the Digital Certificate authenticity and the PDF has not been tampered with.
|**On behalf of:**|Adams Beeny Ltd|
|---|---|
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|**PDF digital certificate:**|IRIS Software Group Limited|
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|**Digital certificate issued by:**|GlobalSign|
Please keep a copy of this document for your records.
**REGISTERED CHARITY NUMBER: 1070513**
**Report of the Trustees and**
**Unaudited Financial Statements**
**for the Year Ended 31 March 2023**
**for**
## **SOUTHDOWN OMNIBUS TRUST**
Adams Beeny Limited 4 Sudley Road Bognor Regis West Sussex PO21 1EU
**SOUTHDOWN OMNIBUS TRUST**
## **Contents of the Financial Statements for the Year Ended 31 March 2023**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**||1||
|**Independent Examiner's Report**||2||
|**Statement of Financial Activities**||3||
|**Balance Sheet**||4||
|**Notes to the Financial Statements**|5|to|8|
|**Detailed Statement of Financial Activities**||9||
**SOUTHDOWN OMNIBUS TRUST**
## **Report of the Trustees**
## **for the Year Ended 31 March 2023**
The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity number**
1070513
## **Principal address**
Silver Wings Arundel Road Arundel West Sussex BN18 0QP
## **Trustees**
M Plunkett (resigned 2.8.22) A Lambert Trustee P Edgeler Trustee J T Robinson Trustee (appointed 2.8.22) D J Parker Trustee I Marsh Trustee
## **Independent Examiner**
Adams Beeny Limited 4 Sudley Road Bognor Regis West Sussex PO21 1EU
Approved by order of the board of trustees on 20 December 2023 and signed on its behalf by:
P Edgeler - Trustee
Page 1
**Independent Examiner's Report to the Trustees of Southdown Omnibus Trust**
## **Independent examiner's report to the trustees of Southdown Omnibus Trust**
I report to the charity trustees on my examination of the accounts of Southdown Omnibus Trust (the Trust) for the year ended 31 March 2023.
## **Responsibilities and basis of report**
As the charity 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
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:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
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.
M W Cook FCCA The Association of Chartered Certified Accountants
Adams Beeny Limited 4 Sudley Road Bognor Regis West Sussex PO21 1EU
20 December 2023
Page 2
## **SOUTHDOWN OMNIBUS TRUST**
## **Statement of Financial Activities for the Year Ended 31 March 2023**
|31.3.23
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
371,907
Investment income
2
2,499
**Total**
374,406
**EXPENDITURE ON**
Other
83,581
**NET INCOME**
290,825
**RECONCILIATION OF FUNDS**
Total funds brought forward
210,517
**TOTAL FUNDS CARRIED FORWARD**
501,342|31.3.22
Total
funds
£
54,013
1,138|
|---|---|
||55,151|
||2,828|
||52,323
158,194|
||210,517|
The notes form part of these financial statements
Page 3
**SOUTHDOWN OMNIBUS TRUST**
## **Balance Sheet**
## **31 March 2023**
|31.3.23
Unrestricted
fund
Notes
£
**CURRENT ASSETS**
Cash at bank and in hand
502,517
**CREDITORS**
Amounts falling due within one year
5
(1,175)
**NET CURRENT ASSETS**
501,342
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
501,342
**NET ASSETS**
501,342
**FUNDS**
6
Unrestricted funds
501,342
**TOTAL FUNDS**
501,342|31.3.22
Total
funds
£
211,597
(1,080)
210,517
210,517
210,517
210,517
210,517|
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 20 December 2023 and were signed on its behalf by:
P Edgeler - Trustee
The notes form part of these financial statements
Page 4
**SOUTHDOWN OMNIBUS TRUST**
## **Notes to the Financial Statements**
## **for the Year Ended 31 March 2023**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Heritage assets**
The Charity owns a fleet of vintage buses.
The Charity`s accounting policy is to write off the cost of each bus purchased in the year of acquisition.
The trustees best estimate of the current market value of the fleet is £ 290,000.
## **2. INVESTMENT INCOME**
|**INVESTMENT INCOME**|||
|---|---|---|
||31.3.23|31.3.22|
||£|£|
|Deposit account interest|2,499|1,138|
Page 5
continued...
**SOUTHDOWN OMNIBUS TRUST**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2023**
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
## **4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Investment income
**Total**
**EXPENDITURE ON**
Other
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**5.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
**6.**
**MOVEMENT IN FUNDS**
At 1.4.22
£
**Unrestricted funds**
General fund
210,517
**TOTAL FUNDS**
210,517|Unrestricted
fund
£
54,013
1,138
55,151
2,828
52,323
158,194
210,517
31.3.23
31.3.22
£
£
1,175
1,080
Net
movement
At
in funds
31.3.23
£
£
290,825
501,342
290,825
501,342|
|---|---|
Page 6
continued...
**SOUTHDOWN OMNIBUS TRUST**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2023**
## **6. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
374,406
374,406|Resources
Movement
expended
in funds
£
£
(83,581)
290,825
(83,581)
290,825|Resources
Movement
expended
in funds
£
£
(83,581)
290,825
(83,581)
290,825|
|---|---|---|---|
||||290,825|
## **Comparatives for movement in funds**
|At 1.4.21
£
**Unrestricted funds**
General fund
158,194
**TOTAL FUNDS**
158,194
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
55,151
**TOTAL FUNDS**
55,151|Net
movement
At
in funds
31.3.22
£
£
52,323
210,517
52,323
210,517
Resources
Movement
expended
in funds
£
£
(2,828)
52,323
(2,828)
52,323|At
31.3.22
£
210,517|At
31.3.22
£
210,517|
|---|---|---|---|
|||210,517||
||||52,323|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.4.21
£
158,194
158,194|Net
movement
in funds
£
343,148
343,148|At
31.3.23
£
501,342|
|---|---|---|---|
||||501,342|
continued...
Page 7
**SOUTHDOWN OMNIBUS TRUST**
## **Notes to the Financial Statements - continued**
## **for the Year Ended 31 March 2023**
## **6. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
429,557
429,557|Resources
Movement
expended
in funds
£
£
(86,409)
343,148
(86,409)
343,148|
|---|---|---|
## **7. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2023.
Page 8
## **SOUTHDOWN OMNIBUS TRUST**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Investment income**
Deposit account interest
**Total incoming resources**
**EXPENDITURE**
**Support costs**
**Management**
Accountancy
Insurance
Repairs
**Finance**
Bank charges
**Other**
Purchase of bus
Sundries
Total resources expended
**Net income**|**Detailed Statement of Financial Activities**
**for the Year Ended 31 March 2023**
31.3.23
31.3.22
£
£
371,907
54,013
2,499
1,138
374,406
55,151
1,175
1,080
210
-
8,712
1,505
10,097
2,585
85
-
73,324
-
75
243
73,399
243
83,581
2,828
290,825
52,323|**Detailed Statement of Financial Activities**
**for the Year Ended 31 March 2023**
31.3.23
31.3.22
£
£
371,907
54,013
2,499
1,138
374,406
55,151
1,175
1,080
210
-
8,712
1,505
10,097
2,585
85
-
73,324
-
75
243
73,399
243
83,581
2,828
290,825
52,323|
|---|---|---|
||||
|||55,151
1,080
-
1,505|
|||2,585
-
-
243|
|||243|
|||2,828|
|||52,323|
This page does not form part of the statutory financial statements
Page 9