Charity Reglstratlon No. 1129585 CARPENTER BOX CHARITABLE FOUNDATION UNAUDITED TRUSTEES, REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
CARPENTER BOX CHARITABLE FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustses Mr R Evans Mfs G Lynes Mr C Holdaway Mr D Hopper Ms D Bettison (Appointed 8 February 2024) Mr J Abbott (Appointed 8 February 2024) Charlty number 1129585 Prlnclpal address Amelia House Crescenl Road Worthing West Sussex BN111QR Accountants Carpenter Box Amelia House Crescent Road Worthing West Sussex BN111QR Independent Examlner Mrs E Houghton FCA FCCA DChA
CARPENTER BOX CHARITABLE FOUNDATION CONTENTS Page Trustees, report Report of the Independent Examiner Receipts and payments account Statement of as8ets and liabilities Not8S to the accounts
CARPENTER BOX CHARITABLE FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE CARPENTER BOX CHARITABLE FOUNDATION FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their report and accounts for the year ended 31 March 2024. Stru¢ture, Governance and Managem8nt The Carpenter Box Ch8ritable Foundation (CBCF) is govemed by its constitution and is an unincorporated registered charlty. number 1129S85. The trustees are appointed by the board of trustees. It is intended that trustees will serve a tenn of 1 year and will reconsider their position at the end of each term. The trustees will meet at least four times a year. New trustees re}ve a copy of the constitution and training is undertaken when considered appfopriate. The charity has set up an endowment fund through the Sussex Community Foundation (SCF). SCF ha8 specialist expertise to manage the investment of these fvnds. The fund manager is currenliy Sarasin & Partners LLP. The trustees recelve suggestions from the staff of Carpenter Box regarding charitable causes to be supported. as well as receiving requests directly from not-for-profft organisations. The trustees will make the final decision as to the benefiGiaries of donations. The trustees have assessed the major risks to whlch the charity is exposed and due to the nature of its aGtivities do not believe that there are any. The following trustees who setV8d during the year and up to the date of signing this report were.. Mr R Evans Mr5 K McKinney (Resigned 8 February 2024) Mrs G Lynes Mr C Holdaway Mr H Winters (Resigned 8 February 2024) Mr D Hopper Ms O Bettison (Appointed 8 February 2024) Mr J Abbott (Appointed 8 February 20241 ObJe¢tivas and actlvities The charity was set up with the Intention of providing Carpenter Box and its employe88 With a vehlcle through whlch they can raise monies for local communty projects. The prime objective is for CBCF to support local charities, community groups and projects in the communities and neighbourhoods where Carpenter Box is l<)cated as well as In vthich our employees reside. Funds raised in 2009 at the CL)mmencement of the trust. of £25,000, ve transferred to and are held by SCF as part of the Grassroots Endowment Scheme together with a matched gift of £25,000 from the Govemment's charitable giving program. This is held on behalf of the CBCF and is annotated as the Carpenter Box Fund. It is an expendable endowment and decisions on grants awarded are made by the Board of trustees of CBCF. Durfng the year under review an additional £30.000 has been added to the endowment fund, with £20,000 transferred in from CBCF and £10,000 of 50QA match funding being contributed by the Lawson Trust. The trustees are very grateful to the Lawson Trust for this contributson. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what 8Ctivities they should undertake. The trustees confim that they have referred to the guidance contained in the Charity Commission's guidance on public benefit when reviewinq the Gharitws aims and obieGtives in planninq fiJture activities.
CARPENTER BOX CHARITABLE FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE CARPENTER BOX CHARITABLE FOUNDATION FOR THE YEAR ENDED 31 MARCH 2024 Achlevements and performance The year to 31 March 2024 was our most successful ever in tamis of funds raised and donated. The year coincided with the c&ntenary of Carpenter Box and saw a great18vel of fundraising activity lo mark the occasion. This induded a number of staff events, such as sponsored walks and cycles, and an LGT8QIA+ Gaymes Day, events held in conjunction with local organisations Firmballs and Best of British. and donations from a number of the finn's clients who sponsored the yearfs events. We are extremely grate1 to everyone who participat&d in making the year a great success. we extend a special thanks to the staff of Carpenter Box for the contrtbution of their tlme and financial support, as well as our clients and the local professional community for their generous donations to our centenary fundr8ising efforts. During the year the charity made a totsl of 46 grants (2023 - 30) totalling £53,487 (2023 - £13,302>. The beneficiariés, In line witt) the charity's objectives, w&re a variety of local charities. schools, individuals, community groups and projects. This covered a broad range of needs and activikn'es, including local organisations supporting those in need due to the cost-of-living crisis, and with an element of focus on thos8 smaller organisations where our level of gwing was able to make an impact. Donations included restrict6d donations of £10,825 where sums were donated to CBCF by a variety of staff, cliants and other supporters with a specific request for a particular cause to be supported. Donations In the year included more significant sums to our four Charities of the Year, which were chosen by the Staff of Carpenter Box. The four charities, and the sums donated to them from unrestricted funds, were Red Balloon Educational Trust (£10,000), West Sussex Mind (£7 0,000), Crawley Open House {£5,000} and Turning Tides (£5,000). Other donations c$vered a variety of causes including mental health, serious illness, the arts, schools and the cost-of-living crisis. Flnancial revlew The charity raised funds in the year through the exceptional events noted above, as well as the ongolng Carpenter Box tuck shops, stsff donations, fijnd raising days and employee sponsorship. Incomè from all activities generated £88,449 {2023 - £29.081). Overall the charity spent £7.666 more than its income for the year (2023 - £14,4431858 Ihan income). The SCF endowment funds balance stood at £81,567 (2023 - £50,589) followng the new injection of funds noted on page 1 and after distributing grants and paying management fees. It is the policy of the charfty that unrestricted funds will be maintained at a level that, in the event of a significant drop in nding, they will be able to continue th8 charity's activities while consideration is given to ways in which additional funds may be raised. This level has been maintained thioughout the year. The trustees, report was approved by the Board of Trustees. Mr R Evans - Trustee Dated.. ILizr
CARPENTER BOX CHARITABLE FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE CARPENTER BOX CHARITABLE FOUNDATION FOR THE YEAR ENDED 31 MARCH 2024 I report to the truslees on my examination of the accounts of Carp8nter Box Charitable Foundation for the year ended 31 March 2024. Responslbllltles and basls of report As the trustees of the charity you are responsible for the preparation of the 8CGounts in accordance w5th the requirements of the Chaiities Act 2011 (kne Act"). I report in respect of my examination of the charity's accourts out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all thè applicable Directions given by the Charity Commisslon under section 145(5)(b) of the 2011 Act. Independent 6xamfnerfs statement I have completed my examination. I confinn that no matters have come to my attention in connection viith the examination giving me c8use to believe that in any materiat respecL accounting records were not kept in respect of the charlty as required by section 130 of the Act: 2. the accounts do not acoord with those records. I have no cOnmS and have com6 across no other matters in connection with the examinatson to whlch attentlon should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Eilean Houghton FCA FCCA Dated,.
CARPENTER BOX CHARITABLE FOUNDATION RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted RestrictedEndowment Total funds Total funds nds funds funds 2024 2023 ei Donations, legacles and grants Fundraising events Interest reiVed Activities for generating funds Cash from endowment Other 43.096 9,604 7,583 3,112 50,679 12,716 22,110 2.904 765 765 4,289 283 3,658 126 4.289 Total recelpts 53A65 68.449 29,081 Pa Cost of fundrsising M8nagement fees Grants paid and donations Bank charges Cash to end0ent 773 773 1,759 53,487 96 20,000 417 1,759 42,662 96 20,000 63,531 10,825 13.302 75 Total paym•nts 76,115 Net (payments) I recelpts 110,066) 1130) 2,530 (7,666) 14,443 Transfprs between funds (130) 130 Cash funds last year end Cash funds thls year end 20,860 73 73 882 3,412 21,815 14.149 7.372 21,815
CARPENTER BOX CHARITABLE FOUNDATION STATEMENT OF ASSETS AND LIABILITIES AS A T31 MARCH 2024 Unrestricted RestrlctedEndowment Total funds Total funds funds funds funds 2024 2023 sh funds: Cash Bank accounts Endowment account Total ca$h funds 926 9.738 926 9,811 3,412 14.149 1,318 19.615 882 73 10.664 Inves nt asse Other investments- SCF 81,567 50,589 other moneta Tax reclaims Just giving pages assets: 5,108 5.108 1,354 119 ratsinad fo Tuck shop stock 's own us er Asse Defibrillator and wall case mount 1,080 1,080 1,080 The accounts were approved by the Trustees on ... . oi 2)- Mr R Evans - Trustee
CARPENTER BOX CHARITABLE FOUNDATION Notes FOR THE YEAR ENDED 31 MARCH 2024 Trustees None of the twstees {or any persons connected with them) received any remuneration or benefits from the trust durfng the year. None of the trust8es received any reimbursed expenditure during the year.