Docusign Envelope ID.. 258AC331.8B684CF74671.95FCA40E2142 COMPANY REGISTRATION NUMBER: 07178587 CHARITY REGISTRATION NUMBER: 1135207 Amlci Bruerni Company Limited by Guarantee Unaudited Financial Statements 31 March 2024
Do$gn Envelopé ID.. 258AC3314B6B4CF74671.95FCA40E2142 Amicl Bruerni Company Llmlted by Guaraniee Flnancial Statements Year ended 31 March 2024 Page Trustees, annual report (incorporating the directorfs report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements
Docu8ign Envèlope ID.. 258AC331-8B6&4CF7-8671-95FCA40E2142 Amici Bruerni Company Limited by Guarantee Trustees. Annual Report (Incorporating Ihe Director's Report) Year ended 31 March 2024 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements ol the charity for the year ended 31 March 2024. Reference and admlnigtrallve d•tai18 Reglstered charlty name Amici Bruerni Charfty reglslrallon number 1135207 Company reglstratlon number 07178587 Reglstered olflce Suite 3 Bignell Park Barns Cheslerton Bicester Oxfordshire OX26 1TD The trustees Helen Speroni Siobhan Wren Susan Bolten-Pappas Sean Crosky Simon Cairns Elizabeth Newsum Clare Mckeon Hayley Tolson Michael Wright Courtenay Wrighl (Resigned 10 July 2023} (Appointed 21 September 20231 (Appointed 21 September 20231 (Appointed 21 September 20231 (Appointed 21 September 20231 (Served Irorn 21 September 2023 to 20 February 2024) (Appointed 9 November 20231 Kaneez Shaid Lucinda Playlalr Independenl oxamlner N J Cadwallader
DOcusn Envelope ID.. 258AC3314B6B4CF7_8671_95FCA40E2142 Amici Bruerni Company Limited by Guarantee Trustees, Annual Report (Incorporating the Direclor's Report) (conlinued) Year ended 31 March 2024 Struclure, governance and managemenl Constltution The company is registered as a charitable company, charily nurnber 1135207, company number 07178587, limited by guarantee and was sel up by a Memorandum and Articles of Association on 27 January 2010. Method of Appoinlmenl or Electlon of Trustees The managemenl of the company is the responsibilily of the Trustees who are elected and co-opled under the terms of the Articles of the Association. Organlsatlonal Struclure and Declsion Maklng The Trustees of Ihe Charity are legally responsible for the overall management and control of the company and meet al leasl twice a year. Rlsk Management The Trustees have assessed the major risks to whlch the company is exposed, in particular those related to the operations and finances of the company and are satisfied that systems and procedures are in place to mitigate our exposure lo the fflajor risks. The Trustees do not consider that there are any significant risks or uncertainties in the chaflty at the year end. Oblectlves and acllvltles The Charity's Objects, as set out in Ihe Articles of Association are lo advance, for the public benefit, the education of pupils at Bruem Abbey School by engaging in activities or providing facilities or equipment (which would not otheiSe be provided) and lo pursue such other ancillary edu¢aiional activities and other associated activities for the benefit of the community. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by Ihe chariiy commission relating 10 public benefit and in particular lo its supplementary public benefit guidance on advancing education. Achlevemenls and performance The charity raises funds from donation income and Irorn holding fundraising events to support the provision ol activities, facilities and equipment to benefit the education of pupils at Bruern Abbey School. The charity also mainlains a Bursary Fund, which is currently available to prospective and existing pupils of Bruern Abbey School on a means-tesled basis. Delailed and accurate budgeling combined with close monitoring and control of expendilure ensures the objectives are met.
Do¢usign Envelope ID.. 258AC331.8B6B4CF7_8671.95FCA40E2142 Amici Bruerni Company Limited by Guarantee Truslees. Annual Reporl (Incorporaling the Dlrector's Report) (conllnu8dJ Year ended 31 March 2024 Flnanclal revlew The reserves represent unrestricled and restricted funds. Income for the year amounted to £89.563 {2023'. £140,192) which resulted in a deficit lor the year of £17.827 {2023.' surplus of £46.584. Funds carried forward total £211,985 (2023: £229,812lof which £142,81012023: £159,840) is represented by restricted aclivities. Plans for future perlods The charity will continue to fundraise to support the provision of bursaries and provide equipment and facilities at Bruern Abbey School. Small company provlsions This report has been prepared in accordance with the provisions applicable to companies entitled to th8 small companies exemption. The truste8s' annual report was approved on trustees by: and signed on behalf of the board of signodby.. SILVOl 3CA2O&FFS4Aa4J?,, Helen Speroni Trustee
Docusign Envelope ID.. 258AC3314B6CF7-8671-g5FcA40E2I42 Amici Bruerni Company Limlted by Guarantee Independeni Examiner's Report to the Trustees of Amici Bruerni Year ended 31 March 2024 I report to the trustees on my examination of the financial stalements ol Amici Bruerni Ilhe charity'} lor the year ended 31 March 2024. Responslbllllles and basls of report As the trustees of the company (and also its directors for Ihe purposes of company law} you are responsible for the preparation of the financial slalements in accordance with the requirements of the Companies Act 20061lh8 2006 Act,). Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respecl of my examination of the charily'5 accounts as carried oul under section 145 of the Charities Acl 2011 I'the 2011 Acl,). In carrying out my examination I hav8 followed the Directions given by the Charily Commission under section 14515llbl of Ihe 2011 Act. Independenl examlner's statement I have completed my examination. I conflrm that no matters have come io my attention in connection with the examination giving me cause lo believe.. accounting records were not kepi in respect of the charily as required by Section 386 of the 2006 Act; or the financial statements do not accord with those records; or the financial statements do not comply with the accounting requirements of section 396 01 the 2006 Act other than any requirement that the accounts give a 'true and lair, view which is not a matter considered as part of an independent exarninalion; or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice lor accounting and reporting by charities applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other malt8rs in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding ol the accounts lo be reached. adwallader Independent Examiner For and On Behalf of David Cadwallader & Co Limited Suite 3 Bignell Park Barns Chesterton Bicester Oxon
Oocusign Envelope 10.. 258AC331_8B6B4CF7-8671_95FCA40E2142 Amici Bruerni Company Limited by Guarante8 Statement of Flnanclal Aciivilies (includlng Income and expenditure accounl) Year ended 31 March 2024 2024 Reslricted funds Tolal funds Tolal funds 2023 Unrestricted funds Note Income and endowments Donations and legacies Charitable activities Other trading activities Investment income 59,063 59,063 47,594 29,632 29,632 90,414 618 Total Income 30,500 59,063 89,563 140,192 Expendlluro Expenditure on charitable activities Tolal expendlture 9,10 31,297 76,093 107,390 107,390 93,608 31,297 76,093 93,608 Net {expendlture)lincome and net movement In fund3 (797) {17,030} (17,827) 46,584 Reconclllallon of lunds Total funds brought forward Total funds carrled forward 69,972 159.840 229,812 211,985 183,228 229,812 69,175 142,810 The slatemenl of financial activities includes all gains and losses recognised in the year. All incorne and expenditure derive from continuing activities. The notes on pages 7 10 12 form part ot these Ilnanclal statements.
Docusign Envelope ID: 258AC3314B6B4CF7_8671_95FCA40E2142 Amici Bruerni Company Limlted by Guarantee Statement ol Financial Position 31 March 2024 2024 2023 Noté Current assets Cash at bank and in hand 214,259 231,134 Credltors: amounts falllng due wlthln one year Nel currenl assels 13 2,274 1,322 229,812 211,985 Tolal assels less currenl Ilabllltles 211,985 229,812 Net assets 211,985 229,812 Funds of tha charlty Restricted funds Unrestricted funds 142,810 69,175 159,840 69,972 Total charlty lunds 14 211,985 229,812 For the year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities- The members have not required Ihe company to obtain an audit of ils financial statements lor the year in question in accordance wilh section 476: The directors acknowledge their responsibilities lor complying with the requirements of the Acl with respect to accounting records and the preparation of financial staternents. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regirne. The e lin ncial statements were approved by the board of Iruslees and authorised for issue on nd are signed on behalf of the board by.. Slyn#d tsy.. )CA209FFYA3482... Helen Speroni Truslee The notes on page9 7 10 12 form part ol Ihese flnancial gtalements.
Do(Jtrsign Envelope ID.. 258AC331_8B6&4CF74671_gSFCA40E2142 Amici Bruerni Company Limited by Guarantee Notes to the Financial Slatemenls Year ended 31 March 2024 General Informallon The charity is a public benefit entity and a private company lirnited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Suite 3 Bignell Park Barns. Chesterton. Bicester. Oxfordshire, OX26 1 TD. Statement of compllance These financial statements have been prepared in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland., Ihe 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 IFRS 102) (Charilies SORP IFRS 1021) and the Companies Act 2006. Accounllng pollcles Basls ol preparatlon The financial stalemenls have been prepared on the historlcal cost basis, as modlfied by the revaluation of certain linancial asseis and liabilities and inveslment properties measured al fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency ol the entity. Going concern There are no material uncertainties aboLJt the charitls ability to continue. Judgements and key sources of esllmatlon uncertalnty The preparation of Ihe Ilnancial statements requir88 manag8ment to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, Includlng expectatlons of future events that are believed to be reasonable under the circumstances. Fund accountlng Unrestricted funds are available for use at the discretion of the tru5tee5 to further any of the charitys purposes. Designated funds are unrestricted funds earmarked by ihe Irustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Docusign Envelope ID.. 258AC33t.8B6B4CF7.8671_95FCA40E2142 Amici Bruerni Company Limlted by Guaraniee Notes lo the Financial Statements (wiHnued) Year ended 31 March 2024 Accountlng policies (¢ontlnu•d) Incomlng resources All incoming resources are included in the statement of financial activities when entitlement has passed lo the charity., il is probable Ihal the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied lo particular categories of income.. income from donations or grants is recognised when there is evidence of entillement to the gift, receipt is probable and ils amount can be measured reliably. legacy income is recognised when receipt is probable and enlitlement is established. income from donated goods is measured at the fair value of the goods un18ss this is impractical to measure reliably. in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in tha accounts when received if the value can be reliably measured. No amounts are included for the conlributSon of general volunteers. Income from contracts for Ihe supply ol services is recognised with the delivery ol the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for il to be spent on a particular purpose and returned if unspent, in which case it may be regarded as reslricled. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the slal8ment of financial activities to which it relates.. expenditure on raising funds includes the costs ol all fundraising activities, events, non- charitable trading activities, and Ihe sale ol donated goods. expenditure on charitable aclivilies includes all costs incurred by a Charity in undertaking activities that further its charitable airns for the benefit of its beneficiaries, including those supporl costs and costs relating lo the governance of the charity apportioned lo charitable activities. other expendilure includes all expenditure that is neither relaled to raising funds for Ihe charity nor parl of its expendilure on charilable activities. All costs are allocaled to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocaled directly to that activity. Shared costs are apportioned bae8 the activities they contribute to on a reasonable, justifiable and consistent basis. Financlal Instruments A financial asset or a financial liability iè recognised only when the charity b8comes a party lo Ihe contractual provisions of the inslrument.
Docusign Envelope ID. 258AC331_886B4CF7.8671_95FCA40E2142 Amici Bruerni Company Llmited by Guarantee Notes to the Financial Ststements (conHnued) Year ended 31 March 2024 Accountlng pollcles (oonlinuedj Flnanclal Instruments (continued) Basic linancial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assels and current liabilities are subsequently measured at the cash or other consideration expected lo be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured al fair value with changes in fair value recognised in incoffle and expenditure. All olher such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at falr value, unless payment for an asset is deferred beyond normal business terms or linanced at a rate ol interest that is not a market rate, in which case the asset Is measured at the present value of the future paymenls discounted at a market rate of interest for a similar debt instrumenl. Other financial instruments are subsequently measured at fair value. with any changes recognised in the statement of financial activities, with the exception of hedging inslruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting dale. 11 there is objective evidence of irnpairment, an impairmenl loss is recognised under the appropriate heading in the statement of financial aclivilies in which the initial gain was recognised. For all equity instrumenls regardless of significanc8, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impalrment are recognised immediately, lo the extent that Ihe reversal does not result in a carrying amount of the linancial asset that exceeds what the Carrng amount would have bean had the impairment not previously been recognised. Llmlled by guaraniee The Company is limited by guarantee. The Members of the company guarantee to contribute an amount not exceeding £1 to the assets ol the charity in the event of winding up. Donallons and legacles Unrestricted Funds Restricted Total Funds Funds 2024 Donallons Donatsons 59,063 59,063
Docusign Envelope ID.. 258AC331-886B4CF7-8671.95FCA40E2142 Amici Bruerni Company Limited by Guarantee Notes to the Flnancial Statements (contlnuodj Year ended 31 March 2024 Donallons and legacles (contlnuodj Unrestricted Funds Restricted Total Funds Funds 2023 Donallons Donations 330 47,264 47.594 Charllable acllvltles Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Sale of goods/servi¢es as part of direct charitable activities 1,566 1,566 Other tradlng a¢tlvltio$ Unrestricted Toial Fund8 Unreslricted Total Funds Funds 2024 Funds 2023 Fundraising events 29,632 29,632 90,414 90,414 Investmenl Incorne Unrestricted Totsl Fund8 Unrestricted Total Funds Funds 2024 Funds 2023 Bank interest receivable 868 618 618 Expendlture on chariiable a1vItIeS by fund lype Unrestricted Funds Restricted Tolal Fundg Funds 2024 Advancement of education Support costs 28,970 2,327 76,093 105,063 2,327 31,297 76,093 107,390 Unrestricted Funds Restricted Total Funds Funds 2023 Advanment of education Support costs 71,859 2,185 74,044 18,820 744 90.679 2,929 19,564 93,608 10
Oocusign Envelope ID.. 258AC331_8B6B-4CF7-8671_95FCA40E2142 Amici Bruernl Company Limited by Guarantee Notes to the Financlal Statements (conllmmd) Year ended 31 March 2024 10. Expendllure on charllable acllvltles by actlvlty typo Activities undertaken directly Support cosls Total funds 2024 Total fund 2023 Advancement of education Governance costs 105,063 105,063 2,327 107.390 90,679 2,929 2,327 2,327 105,063 93,608 11. Independent examlnatlon fe8s 2024 2023 Fees payable lo the independent examiner for: Independent examination of the financial statements 690 654 12. Truste8 remuneratlon and expenseg No muneratIon or other benefits from employment with the charity or a relaled entily were received by the truslees. 13. Credllors: amounts lalllng due wllhln one year 2024 2023 Accruals and deferred incorne 2,274 1,322 14. Analysls of charltable funds Unregtrlcled fundg At 31 March 202 Al 1 April 2023 Income Expenditure General funds 69,972 30,500 (31 .297) 69,175 At 31 March 202 At 1 April 2022 Income Expenditure General funds 51,088 92,928 (74,0441 69,972 11
Docu6wn Envelope ID.. 258AC331_8B684CF74671_95FCA40E2142 Amlci Bruerni Company Llmlted by Guarantee Noies to the Financial Statements (contlnued) Year ended 31 March 2024 14. Analysls of charltable funds (contlnued) Reslrfcted funds At 31 March 202 Al 1 April 2023 Income Expenditure Hardship fund 159,840 59,063 (76,093) 142,810 At 31 March 202 At 1 April 2022 Incorne Expenditure Hardship fund 132,140 47,264 119,564) 159,840 15. Anal15 of nel a88elg between funds Unrestrlcied Funds Resiricied Total Funds Funds 2024 Current assets Creditors less than 1 year Nel assets 71.449 (2,274) 69,175 142,810 214,259 12,2741 211,985 142,810 Unrestricted Funds Restricted Total Funds Funds 2023 Current assets Creditors less than 1 year Nel assetg 71,294 11,3221 69,972 159,840 231.134 (1,322) 229,812 159,840 12