REGISTERED CHARITY NUMBER: 1179915
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023
FOR
CABLE SERVICES GROUP CHARITY
CABLE SERVICES GROUP CHARITY
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 9 |
| Detailed Statement of Financial Activities | 10 |
CABLE SERVICES GROUP CHARITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023
The trustees present their report with the financial statements of the charity for the year ended 31st December 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives of the charity further such charitable purposes (charitable under English law) as the trustees see fit from time to time in particular but not limited to the advancement of health or the saving of lives and the advancement of citizenship and community development for the public benefit by making grants and awards to registered, excepted and exempt charities.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Recruitment and appointment of new trustees
Any trustee is invited to nominate a potential new trustee that is personally known to and recommended by them. The nominee must be accepted by the majority of existing trustees.
A trustee must be either a employee of the Cable Services Group of companies or an individual with the appropriate knowledge and skills in order to further the aims of the charity to meet its objects.
Induction and training of new trustees
Trustees are personally responsible for ensuring their skills and knowledge are maintained to a standard which encompasses changes in legislation impacting on the operational activities of the trust.
Related parties
The charity receives an annual donations from the Cable Services Group of companies in order to help fund its activities.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1179915
Principal address
25 Grosvenor Road Wrexham LL11 1BT
Trustees
J M Williams Chair A J Lewis Treasurer G Clark H Keating Secretary R H Evans K Roberts
Page 1
CABLE SERVICES GROUP CHARITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023
Approved by order of the board of trustees on 25th October 2024 and signed on its behalf by:
J M Williams - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CABLE SERVICES GROUP CHARITY
Independent examiner's report to the trustees of Cable Services Group Charity
I report to the charity trustees on my examination of the accounts of Cable Services Group Charity (the Trust) for the year ended 31st December 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
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.
J Hislop
25th October 2024
Page 3
CABLE SERVICES GROUP CHARITY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023
| 31.12.23 | 31.12.22 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 80,000 | 75,000 | |
| Other trading activities | 2 | 3,647 | 3,080 |
| Total | 83,647 | 78,080 | |
| EXPENDITURE ON | |||
| Raising funds | 2,313 | 1,725 | |
| Charitable activities | |||
| Grants awarded | 72,000 | 51,500 | |
| Total | 74,313 | 53,225 | |
| NET INCOME | 9,334 | 24,855 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 78,331 | 53,476 | |
| TOTAL FUNDS CARRIED FORWARD | 87,665 | 78,331 |
The notes form part of these financial statements
Page 4
CABLE SERVICES GROUP CHARITY
BALANCE SHEET
31ST DECEMBER 2023
| 31.12.23 | 31.12.22 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Debtors | 5 | 80,000 | - |
| Cash at bank and in hand | 7,665 | 78,331 | |
| 87,665 | 78,331 | ||
| NET CURRENT ASSETS | 87,665 | 78,331 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 87,665 | 78,331 | |
| NET ASSETS | 87,665 | 78,331 | |
| FUNDS | 6 | ||
| Unrestricted funds | 87,665 | 78,331 | |
| TOTAL FUNDS | 87,665 | 78,331 |
The financial statements were approved by the Board of Trustees and authorised for issue on 25th October 2024 and were signed on its behalf by:
A J Lewis - Trustee
The notes form part of these financial statements
Page 5
CABLE SERVICES GROUP CHARITY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 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.
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. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||||
|---|---|---|---|---|
| 31.12.23 | 31.12.22 | |||
| £ | £ | |||
| Raffle | - | 152 | ||
| Christmas jumpers | - | 18 | ||
| 150 club | 2,940 | 2,820 | ||
| Dress down day | 115 | 90 | ||
| Win a day off | 190 | - | ||
| Hamper draw | 280 | - | ||
| Coffee morning | 122 | - | ||
| 3,647 | 3,080 |
Page 6
continued...
CABLE SERVICES GROUP CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2023
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st December 2023 nor for the year ended 31st December 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st December 2023 nor for the year ended 31st December 2022.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
5.
| Unrestricted | ||
|---|---|---|
| fund | ||
| £ | ||
| INCOME AND ENDOWMENTS FROM | ||
| Donations and legacies | 75,000 | |
| Other trading activities | 3,080 | |
| Total | 78,080 | |
| EXPENDITURE ON | ||
| Raising funds | 1,725 | |
| Charitable activities | ||
| Grants awarded | 51,500 | |
| Total | 53,225 | |
| NET INCOME | 24,855 | |
| RECONCILIATION OF FUNDS | ||
| Total funds brought forward | 53,476 | |
| TOTAL FUNDS CARRIED FORWARD | 78,331 | |
| DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.12.23 | 31.12.22 | |
| £ | £ | |
| Other debtors | 80,000 | - |
continued...
Page 7
CABLE SERVICES GROUP CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2023
6. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | ||
|---|---|---|
| Net | ||
| movement | At | |
| At 1.1.23 | in funds | 31.12.23 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 78,331 |
9,334 | 87,665 |
| TOTAL FUNDS 78,331 |
9,334 | 87,665 |
| Net movement in funds, included in the above are as follows: | ||
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 83,647 |
(74,313) | 9,334 |
| TOTAL FUNDS 83,647 |
(74,313) | 9,334 |
| Comparatives for movement in funds | ||
| Net | ||
| movement | At | |
| At 1.1.22 | in funds | 31.12.22 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 53,476 |
24,855 | 78,331 |
| TOTAL FUNDS 53,476 |
24,855 | 78,331 |
| Comparative net movement in funds, included in the above are as follows: | ||
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 78,080 |
(53,225) | 24,855 |
| TOTAL FUNDS 78,080 |
(53,225) | 24,855 |
continued...
Page 8
CABLE SERVICES GROUP CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2023
6. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.1.22 | in funds | 31.12.23 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 53,476 | 34,189 | 87,665 |
| TOTAL FUNDS | 53,476 | 34,189 | 87,665 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 161,727 | (127,538) | 34,189 |
| TOTAL FUNDS | 161,727 | (127,538) | 34,189 |
7. RELATED PARTY DISCLOSURES
During the year the charity received a donation in the sum of £80,000 (2022: £75,000) from the Cable Services Group of companies.
Page 9
CABLE SERVICES GROUP CHARITY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023
| 31.12.23 | 31.12.22 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 80,000 | 75,000 |
| Other trading activities | ||
| Raffle | - | 152 |
| Christmas jumpers | - | 18 |
| 150 club | 2,940 | 2,820 |
| Dress down day | 115 | 90 |
| Win a day off | 190 | - |
| Hamper draw | 280 | - |
| Coffee morning | 122 | - |
| 3,647 | 3,080 | |
| Total incoming resources | 83,647 | 78,080 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| 150 club prizes | 2,313 | 1,725 |
| Charitable activities | ||
| Grants to institutions | 72,000 | 51,500 |
| Total resources expended | 74,313 | 53,225 |
| Net income | 9,334 | 24,855 |
This page does not form part of the statutory financial statements
Page 10