Trustees Annual Report of The Sellars Charitable Trust for the financial year ended 5[th] April 2024
The name of the charity is The Sellars Charitable Trust. The registration number is 1105300
The charity was set up by Ian and Carol Sellars, and they are the sole trustees. All decisions are made jointly by the trustees
The charity is funded solely by grants from Ian and Carol Sellars
The charity exists to make charitable donations to charitable organisations selected by Ian and Carol Sellars and their children.
In the financial year ended 5[th] April 2024 the trustees determined to make a substantial donation to Great Ormond Street Children’s Hospital and lesser donations to Sheffield University and to Crisis
In this financial year, total grants received by the trust amounted to £312,500 and the total donations made by the trust were £215,800. There was a cost of £900 for the preparation of the financial statements. The trustees did not receive any remuneration or other payment from the Trust
REGISTERED CHARITY NUMBER: 1105300
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 5 April 2024
for
The Sellars Charitable Trust
J P B Harris & Co. Chartered Accountants Harmile House 54 St Marys Lane Upminster Essex RM14 2QP
The Sellars Charitable Trust
Contents of the Financial Statements for the Year Ended 5 April 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Statement of Financial Position | 5 | ||
| Notes to the Financial Statements | 6 | to | 9 |
| Detailed Statement of Financial Activities | 10 |
The Sellars Charitable Trust
Report of the Trustees for the Year Ended 5 April 2024
The trustees present their report with the financial statements of the charity for the year ended 5 April 2024. 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the trust are for such Charitable purposes as the Trustees in their discretion think fit.
Public benefit
The trustees confirm that they have considered the guidance contained in the Charity Commission's general guidance on public benefit when setting the grant making policy for the year. The trust complies with its public benefit responsibilities by making grants to institutions.
Grantmaking
The trustees adopt a proactive approach in seeking worthy causes requiring support.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year, the trustees have allocated funds to financially support several charities.
Fundraising activities
The trust is funded principally by gifts from the founders.
FINANCIAL REVIEW
Financial position
The charity has liquid resources of £55,605 (2023: £21,887).
Reserves policy
The trustees have sought to balance grants paid with gifts received whilst maintaining a balance available for any urgent grants
FUTURE PLANS
The trust plans to continue the activities outlined above in the forthcoming years.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The Trust is an incorporated trust, constituted under a trust deed dated 13 July 2004. The trust is a registered charity.
Recruitment and appointment of new trustees
I Sellars and Mrs C Sellars are appointed trustees for life.
Organisational structure
The trust is managed by the trustees who meet regularly to agree the consideration of grant making, investment, reserves and risk management policies and performance.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1105300
Principal address
1 Ranelagh Avenue London SW6 3PJ
Page 1
The Sellars Charitable Trust
Report of the Trustees for the Year Ended 5 April 2024
Trustees I Sellars Mrs C Sellars
Independent Examiner
A S Robinson FCA J P B Harris & Co. Chartered Accountants Harmile House 54 St Marys Lane Upminster Essex RM14 2QP
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ I Sellars - Trustee
Page 2
Independent Examiner's Report to the Trustees of The Sellars Charitable Trust
Independent examiner's report to the trustees of The Sellars Charitable Trust
I report to the charity trustees on my examination of the accounts of The Sellars Charitable Trust (the Trust) for the year ended 5 April 2024.
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 Institute of Chartered Accountants in England and Wales, 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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
A S Robinson FCA The Institute of Chartered Accountants in England and Wales
J P B Harris & Co. Chartered Accountants Harmile House 54 St Marys Lane Upminster Essex RM14 2QP
Date: .............................................
Page 3
The Sellars Charitable Trust
Statement of Financial Activities for the Year Ended 5 April 2024
| 5.4.24 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 312,500 EXPENDITURE ON Charitable activities Charitable activities 215,800 Other 1,382 Total 217,182 NET INCOME/(EXPENDITURE) 95,318 RECONCILIATION OF FUNDS Total funds brought forward 21,887 TOTAL FUNDS CARRIED FORWARD 117,205 |
5.4.23 Total funds £ - - 360 360 (360) 22,247 21,887 |
|---|---|
The notes form part of these financial statements
Page 4
The Sellars Charitable Trust
Statement of Financial Position 5 April 2024
| 5.4.24 Unrestricted fund Notes £ CURRENT ASSETS Debtors 6 62,500 Cash at bank 55,605 118,105 CREDITORS Amounts falling due within one year 7 (900) NET CURRENT ASSETS 117,205 TOTAL ASSETS LESS CURRENT LIABILITIES 117,205 NET ASSETS 117,205 FUNDS 8 Unrestricted funds 117,205 TOTAL FUNDS 117,205 |
5.4.23 Total funds £ - 21,887 |
|---|---|
| 21,887 - |
|
| 21,887 | |
| 21,887 | |
| 21,887 | |
| 21,887 | |
| 21,887 |
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. I Sellars - Trustee
The notes form part of these financial statements
Page 5
The Sellars Charitable Trust
Notes to the Financial Statements for the Year Ended 5 April 2024
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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
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.
2. GRANTS PAYABLE
| Charitable activities The total grants paid to institutions during the year was as follows: Great Ormond Street Hospital Sheffield University Crisis |
5.4.24 £ 215,800 5.4.24 £ 200,000 10,800 5,000 215,800 |
5.4.23 £ - |
|---|---|---|
| 5.4.23 £ - - - |
||
| - |
Page 6
continued...
The Sellars Charitable Trust
Notes to the Financial Statements - continued for the Year Ended 5 April 2024
3. SUPPORT COSTS
| SUPPORT COSTS | |||
|---|---|---|---|
| Governance | |||
| Finance | costs | Totals | |
| £ | £ | £ | |
| Other resources expended | 482 | 900 | 1,382 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 5 April 2024 nor for the year ended 5 April 2023.
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 5 April 2024 nor for the year ended 5 April 2023.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |||
|---|---|---|---|
| fund | |||
| £ | |||
| EXPENDITURE ON | |||
| Other | 360 | ||
| NET INCOME/(EXPENDITURE) | (360) | ||
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 22,247 | ||
| TOTAL FUNDS CARRIED FORWARD | 21,887 | ||
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 5.4.24 | 5.4.23 | ||
| £ | £ | ||
| Tax | 62,500 | - |
continued...
Page 7
The Sellars Charitable Trust
Notes to the Financial Statements - continued for the Year Ended 5 April 2024
| 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 8. MOVEMENT IN FUNDS At 6.4.23 £ Unrestricted funds General fund 21,887 TOTAL FUNDS 21,887 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 312,500 TOTAL FUNDS 312,500 Comparatives for movement in funds At 6.4.22 £ Unrestricted funds General fund 22,247 TOTAL FUNDS 22,247 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund - TOTAL FUNDS - |
5.4.24 5.4.23 £ £ 900 - Net movement At in funds 5.4.24 £ £ 95,318 117,205 95,318 117,205 Resources Movement expended in funds £ £ (217,182) 95,318 (217,182) 95,318 Net movement At in funds 5.4.23 £ £ (360) 21,887 (360) 21,887 Resources Movement expended in funds £ £ (360) (360) (360) (360) |
|---|---|
continued...
Page 8
The Sellars Charitable Trust
Notes to the Financial Statements - continued for the Year Ended 5 April 2024
8. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 6.4.22 | in funds | 5.4.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 22,247 | 94,958 | 117,205 |
| TOTAL FUNDS | 22,247 | 94,958 | 117,205 |
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 £ 312,500 312,500 |
Resources Movement expended in funds £ £ (217,542) 94,958 (217,542) 94,958 |
Resources Movement expended in funds £ £ (217,542) 94,958 (217,542) 94,958 |
|---|---|---|---|
| 94,958 |
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 5 April 2024.
Page 9
The Sellars Charitable Trust
| Detailed Statement of Financial Activities for the Year Ended 5 April 2024 INCOME AND ENDOWMENTS Donations and legacies Gifts Gift aid Total incoming resources EXPENDITURE Charitable activities Grants to institutions Support costs Finance Bank charges Governance costs Independent Examination Total resources expended Net income/(expenditure) |
5.4.24 £ 250,000 62,500 312,500 312,500 215,800 482 900 217,182 95,318 |
5.4.23 £ - - - - - 360 - 360 (360) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 10
REGISTERED CHARITY NUMBER: 1105300
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 5 April 2024
for
The Sellars Charitable Trust
J P B Harris & Co. Chartered Accountants Harmile House 54 St Marys Lane Upminster Essex RM14 2QP
The Sellars Charitable Trust
Contents of the Financial Statements for the Year Ended 5 April 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Statement of Financial Position | 5 | ||
| Notes to the Financial Statements | 6 | to | 9 |
| Detailed Statement of Financial Activities | 10 |
The Sellars Charitable Trust
Report of the Trustees for the Year Ended 5 April 2024
The trustees present their report with the financial statements of the charity for the year ended 5 April 2024. 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the trust are for such Charitable purposes as the Trustees in their discretion think fit.
Public benefit
The trustees confirm that they have considered the guidance contained in the Charity Commission's general guidance on public benefit when setting the grant making policy for the year. The trust complies with its public benefit responsibilities by making grants to institutions.
Grantmaking
The trustees adopt a proactive approach in seeking worthy causes requiring support.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year, the trustees have allocated funds to financially support several charities.
Fundraising activities
The trust is funded principally by gifts from the founders.
FINANCIAL REVIEW
Financial position
The charity has liquid resources of £55,605 (2023: £21,887).
Reserves policy
The trustees have sought to balance grants paid with gifts received whilst maintaining a balance available for any urgent grants
FUTURE PLANS
The trust plans to continue the activities outlined above in the forthcoming years.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The Trust is an incorporated trust, constituted under a trust deed dated 13 July 2004. The trust is a registered charity.
Recruitment and appointment of new trustees
I Sellars and Mrs C Sellars are appointed trustees for life.
Organisational structure
The trust is managed by the trustees who meet regularly to agree the consideration of grant making, investment, reserves and risk management policies and performance.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1105300
Principal address
1 Ranelagh Avenue London SW6 3PJ
Page 1
The Sellars Charitable Trust
Report of the Trustees for the Year Ended 5 April 2024
Trustees I Sellars Mrs C Sellars
Independent Examiner
A S Robinson FCA J P B Harris & Co. Chartered Accountants Harmile House 54 St Marys Lane Upminster Essex RM14 2QP
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ I Sellars - Trustee
Page 2
Independent Examiner's Report to the Trustees of The Sellars Charitable Trust
Independent examiner's report to the trustees of The Sellars Charitable Trust
I report to the charity trustees on my examination of the accounts of The Sellars Charitable Trust (the Trust) for the year ended 5 April 2024.
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 Institute of Chartered Accountants in England and Wales, 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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
A S Robinson FCA The Institute of Chartered Accountants in England and Wales
J P B Harris & Co. Chartered Accountants Harmile House 54 St Marys Lane Upminster Essex RM14 2QP
Date: .............................................
Page 3
The Sellars Charitable Trust
Statement of Financial Activities for the Year Ended 5 April 2024
| 5.4.24 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 312,500 EXPENDITURE ON Charitable activities Charitable activities 215,800 Other 1,382 Total 217,182 NET INCOME/(EXPENDITURE) 95,318 RECONCILIATION OF FUNDS Total funds brought forward 21,887 TOTAL FUNDS CARRIED FORWARD 117,205 |
5.4.23 Total funds £ - - 360 360 (360) 22,247 21,887 |
|---|---|
The notes form part of these financial statements
Page 4
The Sellars Charitable Trust
Statement of Financial Position 5 April 2024
| 5.4.24 Unrestricted fund Notes £ CURRENT ASSETS Debtors 6 62,500 Cash at bank 55,605 118,105 CREDITORS Amounts falling due within one year 7 (900) NET CURRENT ASSETS 117,205 TOTAL ASSETS LESS CURRENT LIABILITIES 117,205 NET ASSETS 117,205 FUNDS 8 Unrestricted funds 117,205 TOTAL FUNDS 117,205 |
5.4.23 Total funds £ - 21,887 |
|---|---|
| 21,887 - |
|
| 21,887 | |
| 21,887 | |
| 21,887 | |
| 21,887 | |
| 21,887 |
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. I Sellars - Trustee
The notes form part of these financial statements
Page 5
The Sellars Charitable Trust
Notes to the Financial Statements for the Year Ended 5 April 2024
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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
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.
2. GRANTS PAYABLE
| Charitable activities The total grants paid to institutions during the year was as follows: Great Ormond Street Hospital Sheffield University Crisis |
5.4.24 £ 215,800 5.4.24 £ 200,000 10,800 5,000 215,800 |
5.4.23 £ - |
|---|---|---|
| 5.4.23 £ - - - |
||
| - |
Page 6
continued...
The Sellars Charitable Trust
Notes to the Financial Statements - continued for the Year Ended 5 April 2024
3. SUPPORT COSTS
| SUPPORT COSTS | |||
|---|---|---|---|
| Governance | |||
| Finance | costs | Totals | |
| £ | £ | £ | |
| Other resources expended | 482 | 900 | 1,382 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 5 April 2024 nor for the year ended 5 April 2023.
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 5 April 2024 nor for the year ended 5 April 2023.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |||
|---|---|---|---|
| fund | |||
| £ | |||
| EXPENDITURE ON | |||
| Other | 360 | ||
| NET INCOME/(EXPENDITURE) | (360) | ||
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 22,247 | ||
| TOTAL FUNDS CARRIED FORWARD | 21,887 | ||
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 5.4.24 | 5.4.23 | ||
| £ | £ | ||
| Tax | 62,500 | - |
continued...
Page 7
The Sellars Charitable Trust
Notes to the Financial Statements - continued for the Year Ended 5 April 2024
| 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 8. MOVEMENT IN FUNDS At 6.4.23 £ Unrestricted funds General fund 21,887 TOTAL FUNDS 21,887 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 312,500 TOTAL FUNDS 312,500 Comparatives for movement in funds At 6.4.22 £ Unrestricted funds General fund 22,247 TOTAL FUNDS 22,247 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund - TOTAL FUNDS - |
5.4.24 5.4.23 £ £ 900 - Net movement At in funds 5.4.24 £ £ 95,318 117,205 95,318 117,205 Resources Movement expended in funds £ £ (217,182) 95,318 (217,182) 95,318 Net movement At in funds 5.4.23 £ £ (360) 21,887 (360) 21,887 Resources Movement expended in funds £ £ (360) (360) (360) (360) |
|---|---|
continued...
Page 8
The Sellars Charitable Trust
Notes to the Financial Statements - continued for the Year Ended 5 April 2024
8. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 6.4.22 | in funds | 5.4.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 22,247 | 94,958 | 117,205 |
| TOTAL FUNDS | 22,247 | 94,958 | 117,205 |
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 £ 312,500 312,500 |
Resources Movement expended in funds £ £ (217,542) 94,958 (217,542) 94,958 |
Resources Movement expended in funds £ £ (217,542) 94,958 (217,542) 94,958 |
|---|---|---|---|
| 94,958 |
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 5 April 2024.
Page 9
The Sellars Charitable Trust
| Detailed Statement of Financial Activities for the Year Ended 5 April 2024 INCOME AND ENDOWMENTS Donations and legacies Gifts Gift aid Total incoming resources EXPENDITURE Charitable activities Grants to institutions Support costs Finance Bank charges Governance costs Independent Examination Total resources expended Net income/(expenditure) |
5.4.24 £ 250,000 62,500 312,500 312,500 215,800 482 900 217,182 95,318 |
5.4.23 £ - - - - - 360 - 360 (360) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 10