FRIENDS OF MORFA BAY AND BRIDGWATER
(a Charitable Incorporated Organistaion)
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2023
Registered Charity number 1165377
TRUSTEES ANNUAL REPORT
Reference and Administrative Information Governance and Management Objects and Activity Public Benefit Financial Review Risk Management FINANCIAL STATEMENTS Receipts and payments in the period to 31 March 2023 Statement of assets and liabilities at 31 March 2023
Friends of Morfa Bay and Bridgwater (Registered Charity Number 1165377) Report and Financial Statements for the year to 31 March 2023
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TRUSTEES’ ANNUAL REPORT
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2023.
REFERENCE AND ADMINISTRATIVE INFORMATION
Charity Name: Friends of Morfa Bay and Bridgwater Charity Registration Number: 1165377 Registered Office and Operational address: 10 Cornflower Crescent, Stotfold, Hitchin SG5 4HW
The trustees at the date of this report are:
Mr David White Chair Mrs Deborah Evans Mr Paul Evans Ms Helen Pattinson
Bankers
CAF Bank (Charities Aid Foundation) 25 Kings Hill Avenue King’s Hill West Malling Kent ME19 4TA
Friends of Morfa Bay and Bridgwater (Registered Charity Number 1165377) Report and Financial Statements for the year to 31 March 2023
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GOVERNANCE AND MANAGEMENT
Friends of Morfa Bay and Bridgwater (FOMBAB) is established by a Constitution dated 25 May 2015. This report covers the first fourteen month operating period of the charity. The Trustees are defined as Chair and as many others as the members determine. When required, new trustees will be identified who are supportive of the objects of the charity and who have the skills and experience necessary to meet the charity’s needs. They will be appointed by a meeting of the members.
The trustees are responsible for controlling the charity’s management and administration. They are responsible for ensuring that the charity’s income is used only for the purposes set out in the charity’s governing document and for no other purpose. They have a responsibility to act reasonably and prudently in all matters relating to the charity, and have a responsibility to act in the best interests of the charity.
The board of trustees consists of four members who have met and corresponded as required during the period.
The administrative tasks of the charity were handled by the volunteer members of the trustee board.
OBJECTS AND ACTIVITY
The object of the charity is to support religious education and educational opportunity for children and young people, including, but not limited to, support for CPAS Ventures camps and houseparties at Morfa Bay and Bridgwater.
The Charity receives donations from supporters and distributes grants to support the participation of leaders and young people at Morfa Bay and Bridgwater Ventures. The Charity also receives income to provide transport for young people to and from Morfa Bay and Bridgwater Ventures.
PUBLIC BENEFIT
In setting the programme each year the trustees have regard to both the Charity Commission’s general guidance on public benefit and relief of poverty for public benefit. The trustees always ensure that the programmes undertaken are in line with the charitable objects and aims.
FINANCIAL REVIEW
The financial results for the year to 31 March 2023 are as shown on pages 6-7. In the year to 31 March 2023 income was £1,234 (previous year £855) and expenditure was £1,114 (previous year £898). The cash funds held at 31 March 2023 were £2,216.
RISK MANAGEMENT
The Trustees have conducted a review of the major risks to which the charity is exposed. A risk register has bene established and is updated at least annually. Where appropriate, systems or procedures have been established to mitigate risks faced by the charity.
Friends of Morfa Bay and Bridgwater (Registered Charity Number 1165377) Report and Financial Statements for the year to 31 March 2023
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TRUSTEES’ RESPONSIBILITY FOR THE FINANCIAL STATEMENTS
Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity at the end of the year and of the incoming and outgoing resources for the year then ended. In preparing those financial statements, the trustees are required to select suitable accounting policies and then apply them consistently, making judgements and estimates that are reasonable and prudent. The trustees must also prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue its activities. They must also comply with applicable accounting standards and disclose and explain in the financial statements any material departure from such standards.
In preparing the financial statements, the trustees have taken into account the plans disclosed in the preceding paragraph. They conclude that there is no material difference, if any, between the resulting financial statements and statements prepared on a fully going concern basis.
The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
EXEMPTION FROM AUDIT
FOMBAB is entitled to exemption from audit under the Charities Act 2011.
RESERVES POLICY
FOMBAB distributes the funds it receives to fulfil the object of the charity. With no staff employed and minimal operating costs, trustees have agreed to maintain reserves at a level of £1,000-2,000.
Approved by the trustees on 31 January 2024 and signed on their behalf by
David White, Chair of Trustees
31 January 2024
Friends of Morfa Bay and Bridgwater (Registered Charity Number 1165377) Report and Financial Statements for the year to 31 March 2023
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Friends of Morfa Bay and Bridgwater No (if any) Receipts and payments accounts CC16a For the period 01/04/2022 31/03/2023 To from
Section A Receipts and payments
| A1 Receipts | Unrestricted funds to the nearest £ 860 371 3 - - - - - 1,234 - - - 1,234 - 1,039 75 - - - - - - 1,114 - - - 1,114 121 - - 121 |
Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Endowment funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Total funds to the nearest £ 860 371 3 - - - - - 1,234 - - - 1,234 - 1,039 75 - - - - - - 1,114 - - - 1,114 121 |
Total funds to the nearest £ 860 371 3 - - - - - 1,234 - - - 1,234 - 1,039 75 - - - - - - 1,114 - - - 1,114 121 |
Last year to the nearest £ |
|---|---|---|---|---|---|---|
| Donations | 860 | 855 | ||||
| Gift Aid received | 371 | |||||
| Interest | 3 | - | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| Sub total(Gross income for AR) |
1,234 | 855 | ||||
| A2 Asset and investment sales, (see table). |
||||||
| - | ||||||
| - |
- | |||||
| ~~Sub total~~ | - | - | ||||
| Total receipts A3 Payments |
||||||
| 855 | ||||||
| Travel | - | - | ||||
| Support for Leaders and Members | 1,039 | 800 | ||||
| Bank Charges | 75 | 98 | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| **Sub total ** | 1,114 | 898 | ||||
| A4 Asset and investment purchases, (see table) |
||||||
| - | ||||||
| - | ||||||
| **Sub total ** | - | - | ||||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
||||||
| 898 | ||||||
| 121 | - | - | 121 | - 43 | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| 121 | - | - | 121 | - 43 |
CCXX R1 accounts (SS)
09/05/2024
1
| Section B Statement of assets and liabilities at the end of the period | Section B Statement of assets and liabilities at the end of the period | Section B Statement of assets and liabilities at the end of the period | |
|---|---|---|---|
| Categories Signed by one or two trustees on behalf of all the trustees B5 Liabilities B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use B1 Cash funds |
Details Details Total cash funds (agree balances with receipts and payments account(s)) Cash at bank Details Details Details Signature |
Unrestricted funds Restricted funds to nearest £ to nearest £ 2,216 - - - - - 2,216 - Agreement Error OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name David White |
Endowment funds to nearest £ |
| - | |||
| - | |||
| - | |||
| - | |||
| OK | |||
| Endowment funds to nearest £ |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
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| Date of approval |
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| David White | 31/01/2024 | ||
CCXX R2 accounts (SS)
09/05/2024
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