Docusign Envelope ID." A4F89D2C-8917483ek8C8tk6C657E82442A Charfty nvmber 1188456 The Flower Charltable Trust IAChaTitable Incorporated Organlsatlon) Report and Flnanclalststements Year ended 31 March 2024
Docusign Envelope ID." A4F89D2C-8917483ek8C8tk6C657E82442A The Flower Charltabie Trust IA Charitable Incorporated Organlsatlon) Report and Accounts Contents Page Charity infomiatlon Trustees annual report Independent examirtrers report Statement of financial activities Statement of financial position Notes tothe accounts
Docusign Envelope ID." A4F89D2C-8917483ek8C8tk6C657E82442A The Flower Charltable Trust IA Charltable Incorporated Organlsatloni Refefence and adminlstrative information Members of the Trustee Board at 31 st March 2024 Mark Flower (Chairl Clare Montague Andrew Flower David Flower Luke Flower Gregory McDermott Samantha McDermott lack Flower Independent Examlner Davio Mead Bsc FCA Tremain House 8 Maple Drive Winchester Hampshire S0237NG Registered Offlce The Lodge, Cufaude Coutyard Culaude Lane. Bramley Basingstoke Hampshire RG26 5DN Reg15tered Charlty Number 1188456
Docusign Envelope ID." A4F89D2C-8917483ek8C8tk6C657E82442A The Fl¢)wer Charitable Tfust (A Charitsble Incorporated Organisation) Report of the Trustees The Trustee Board presents it report for the year ended 31 March 2024 Strurture, Governance and Management The Flower Charitable Trust 15 a Charitsble Incorporated Organisation and was registered by the Charity Commission on 10 March 2020. It has a Trustee Board which was put in place at the time the trust was formed and then registered with the Charity Commission. The Trust Board are accountable for the condutt of the organi5ation. Aims and Objertives To advance Such charitable purposes as the Trustees see fit from time to time in particular to the relief of those in need. by reason of youth, age, ill-health. disability. financial hardship or other disadvantage. through the provision of grants. goods or serViS Actlvities and achievements In the course of the year. the trust made its first investment in purchasing a property166 Lilliana Way, Bridgewaterl for the sum of £245,(KXI. As well as a financial investment, the property 15 leased to Julian House la registered charity) who house vulnerable young people. Thu5. the Trust receives a monthly rent of £1450 whilst fulfilling the charitable purposes of the Trust The Trust has also made its first young person award. In conjunction wtth Cross Manufatturing Co. Ltd (where Ralph Flower worked for 74 years- and original benefactor of the Trust). The award is to be made annually to an Engineering Graduate at Bath University with a financial award of £2250 plus an offer of a one-year plament at cro Manufacturing Flnanclal Review The financial accounts for the year are set out on pages I to 8. The Statement of Financiol Artivit5 shows the endowment as described above. expenditure to date being incident overheads. The trust has a surplus for the year of £255,624. The whole of the fund is unrestricted. statement of Trustee responsibilities The Trustees a required by law to prepare financial statements for each financial year which gives a true and fair view of the stste of affairs of the Charity at the end of the financial year and of the surplu5 Qr deficÈt of the Charity. In preparing those financial statements the Trustees are required to: -select suitable accounting p)licies and then apply them con5i5tently. -observe the methods and principles in the Charities SORP -state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial accounts. -make judgements and estimates that are reasonable and prudent: and -prepare the financial statements on a going COnM basis unless it 15 inappropriate to presume that the charity will continue its work. The trustees are also responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and which are sufficient to show and explain the ChariVs transactions and enable them to ensure that the financial statements
Docusign Envelope ID." A4F89D2C-8917483ek8C8tk6C657E82442A The Flower Charitable Trust (A Charitable Incorporated Organi5ation) comply with the Companies Att 2CK16. Chorities Act 2011, the Charity {Accounts and Reports) Regulations 2QV6 and the provisions of the chariWs Constit10. They are a150 responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detections of fraud and other irregularities. This report was approved by the Board of Trustees on 28th January 2025 Do¢uSWty'. 88tc7F3FcDBM. Mark Flower Chair
Docusign Envelope ID." A4F89D2C-8917483ek8C8tk6C657E82442A The Flower Charitsble Trust IA Charitsble Incorporated Oryanlsatlon) Independent Examlners Report I report on the accounts of the Flower Charitable Trust for the 12 months ended 31 March 2024, which are set out on pages 2 to 9. Responsibilities and basis of report As the charity trustees you are resw)nsible for the preparation of the accounts in accordan with the requirements of the Charities Acts 20111.the ACV'I. I report in respect of my examination of the Charitys accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given bv the Charity Commission under section 145{511bl of the ACL Independent exarniners Statement I have completed my examination. I can confimi that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respert: l. Accounting records were not kept in respert of the Twst as required by section 130 of the Act,. or 2. The accounts do not accord wf(h those e0rd$. or 3. The account5 do not comply with the applicable requirements conceming the form and content of the accounts as set out in the Charities IAc(x)unts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter cOndered os part of an independent examination. I have no concerns and have come across no otr matter in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding on the accounts to be reached. Docus1ntdty'. avi Chartered Accountant Tremain House 8 Maple Drive Kings Worthy Winchester Hampshire S0237NG 27 january 2025 1 16:47 Gb
Docusign Envelope ID." A4F89D2C-8917483ek8C8tk6C657E82442A The Flower Charltable Trust (A Charitable Incorporated Organlsatlonl ststement of FFnanclalA¢tl¥ltles fortheyearended31 March 2024 2023 Funds Income and endowments from: Income trom property Interest 3.827 3,827 1.368 5,195 Total 5.195 Expenditure on.. Charitable activities Administration and legal expenses Total 2250 6,091 18.341} 2,250 6,091 18.3411 11.9311 1,31 Net Income lorthe year 13.1461 13,1461 {1.9311 Fund balance brought forward l Apri12022 258.770 258.770 260,701 Balance carried forward 31 March 2023 255,624 255.624 258.770 The note on pages xto y form part otthese financialststemerrts
Docusign Envelope ID." A4F89D2C-8917483ek8C8tk6C657E82442A The Flower Charllabie Trust (A Charftable Incorporated Organisatlon) Statement of Flnanclal Posltlon *31 March 2024 2024 2023 Flxed assets Investment property 245.000 CurrentAssets Cash at bank Total current assets 15,124 15.124 258,770 258.770 Creditors- amourrts falknngdue within oneyear 14.5001 Net assets 255,624 258.770 Funds ofthe Charity Restrlcted Unrestricted 255.624 258.770 Total Funds 255.624 258.770 The Trustees considerthatthe charity is entttled to exemption from the requirementto have an audit undersection144 of the Charities Act 2011 and that members have not required the charityto obtain an audit. The Trustees acknowledge their reposibiiities for complwngwith the requirements of section 130 ofthe Charrties Act 2011 th respectto accounting iecords and the preparation ofaccounts. These accounts were approved bythe Trustees and signed on their behalf. DoCu$ned by.. FLowLY 8BIC7F3FCO83402 Mark Flower- Chair 27 ianuary 2025 1 16'.46
Docusign Envelope ID." A4F89D2C-8917483ek8C8tk6C657E82442A The Fiowercharltable Trust (A Charltabie Incorporated OiganF5allon) Notes tothe Flnanclalstatements fortheyearto 31 March20 l Accouniingpoucles The followng accountsng policies have been used in dealingth itemswhich are considered materi31 in relatson tothe Organisation's financial statements. Company ilmhed bYarantee Theorganisati is a rewstered charity number 1188456, the rnembers of which have no personalliabiiityln the event of the chatitywindlng up. bl Ba¥ls of accountlng The accounts have been preapred in accoi(lance A¢CoUntIng and Reportlng byCharsties= Statement of recommended Practice applicableto Charities preparlng theiraccourrts in accordancewith the Flnancial Reportingstandard applicable in the UK and Ireland IFRS1021 and the Companies kt2006. A55ets and Ilabibties are initiaity recognised at historic C05t ortransaction value unless otherwise stated in the relevant accountingpokn'cy note. The accounts tjeen repared onthegolngconcem basis. theTru5tees hang the reasoRable expectstlon thatthe Trust has adequate resourcesto continue its aCtIliesfOrthe t0Seeable fulure. CrlllcalaccouTrtlngJudgementsand estlmates In the application of the Charltys accountingpoificies, which are dexribed in note l. Trustees are require(J to makejudgements, estimates and assumptions aboutthe canyngvalue of assets and b"abilTlies that a not readily apparenifrom other sources. The estimates and 355umptions are based on historical experience and otherfactors thatare Considered to be reLevanL Actual results may dFllerfrom these estlmates. The estimates and undertying assumption5 are reviett on an ongoingbasls. revision to accountingestimates are recognised in the periot1 in which the estimate Is revised if the re¥Sslon allects onlythat peri¢xl, or in the period of revision and f[e periods iltherevision affects both current and future periods. In theview ofthe Trustees, no assumptions concemingthe future orestimation uneertaintyaffectinga55ets and tsatM"b"ties atthe balance sheet Oate are likelyto resuir in a mateiialadiustmenttotheir cartyngamounts in the next fiancialyear. dl Flnanclal Instrnments The Charityon has fiancialassets and tiabiiilies of a kind thatqualrfy as basicfinancial
Docusign Envelope ID." A4F89D2C-8917483ek8C8tk6C657E82442A instruments. Basisliancial Instrumentsare Intliauy recwised atlran5action value and subsequenttymeasured attheir SettMentvalUe. l Accounllngpoil¢les Iconiinuedl 1CoMe Recognfjn of incoming resources These are incluijed in the statement of ffinancialactiw"tieswhen- the charitybecome eilled to the resources thetree$ are virtually certain thattheywill receivelhe resources. and the monetaryvaLue can be measured wth reasonable accuracy Investmentment income is include(I In ihe ststement olfinanclalactitIesWhen the income falls due. Expendllure and Ilabliltles LIabltieS are re¢onised as soon as there is a leEalor constructs.ve obligation commlttlng the charityto payoUtSOUrces. Fund aecountlng Unrestricted fvnds can be used In accordance wrth the charitsble objectives atthe discretion of thetrustees Resuictwj funds can onlybe use(J forparticualr restn"cte(I puipwtses wthin the objects of the chaiÉtyand as defined bythe donor. Expendtture on charltsble actl¥ltles In the course of the yearthe charity acquired an in¥tstJnerrt property for£245.0. The propety is letand producing income. Movementln Funds Ouwin Trartsfers Current IAwfjl2O Rwur 31Mar¢h 2024 Restricted Funds unStricted Funds 258.770 3.146 255,624 Comparatfve Irthnin8 Ouwllg Transfw5 Asat 31 March2023 Restricted Funds Unrestricted Fund5 260.701 1.931 258,770 Trustees Remuneratlonlnd Expenses None ol theTru5tees. nor any persons or panies connected with them. received any remuneiaiion12023 £NILI norweTe ieimbur5e(J any expenses12023 £NILI
Docusign Envelope ID." A4F89D2C-8917483ek8C8tk6C657E82442A Investment propwty The Charityacquire(J an invesDmentproperty in the course ofthe year. The property is let on a lull repairinglease. Charltable actmttes In the course olthe yearthe charty presented the Universityof Bath an EngineeringAward tothe value of£2.250. Admlnlstratlon and legal expenses The costs incurred in the year were- 2024 2023 Legal costs tor property acquisition Accountancy Bank charges Insurance-Property 4,500 900 167 524