Charity T•gistrntlon nunthr 1194181 THE CABE BENEVOLENT FUND ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 AUGUST 2024
THE CABE BENEVOLENT FUND LEGAL AND ADMINISTRATIVE INFORMATION Mrs J 14all Mr P Grinyer Mr K Nie Char#y numbor 1194181 iD¢ipal address Lutyens HoLtse B¢Ing Bro)k Ro1 Weston Faveu NN3 aNW Au(fftor 1 Bdling Road Un¢ted lfjngdcm NN15AL
THE CABE BENEVOLENT FUND CONTENTS Balan(* sheet 10-17
THE CABE BENEVOLENT FUND TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2024 Th8 Ipjst8 preSentthelrn rewrt fiwicial statements for th8 yoarended 31 August 2rJ24. IlTrandal Staternts and cowy wth the benevrAent fund's ytitUtiOn. the tharilsesAct 2011 and"Ac£wnting and RertI by Chaftties: Ststwrwrt of Recnme11ded Pract0 apphc3ble ti charities preparing thelr 8ccoJnts in aCCordw the F¢nanoal Rep(Kbng St2ndard aWiL3ble Ihe UK and Republic of Iréland {FRS 1021- {effedi¥e 1 January 2019). Obia¢tives and activilies Th& Benevdent FufKI e>ists to provido ts the lief in distreswl ¢5rt%mstsn¢o8 of rnembe. retirad members and fomw membern of the AssotsKKts and of Snd dlildrgn and oth&r Imm&Siate dependents in distressed sh811 have had at $t 15 years ¢ir)0$ [eMbSh. Asswalions a The knoc4ation of Building The tnjstees confim that have reffftd 40 the 9uldance ¢XJnt#ed in Charity Comwdssion'5 gwal guidarKe on ptsblic benefit when ¥181J the FuEHs aims and objectives avKI in planniry futttre actsvitses and settrng Ihe makirKJ pdiry tsth8 year. The ftEnd tyries out thesa objects by promdlng grants to 1¥]dLS so ID he4) pJDvlde rdief irt distressed circumances. Publ¢ l)eneiV Th& trusts due r83ard to guiLl tsA by thE CoMnUOn in decithng what actsVes the Grn?tmaknngpL4xy Grantmoking Therp wwe 11 g13nts12023- 13 grants). The fund to raise its w)fae anwst Mnber$ (Jring the year, promted at regional presentabl? talks. ImwOvemts lo govemance and furthw aliwtnent to the CABE during the yearalb)w9d kn a fot¥5ed marketing campaw thfring tre prgw5 ar in 0ert0 reach mure memb&s and promote thè beneffts oflh8 fuThJ. Achkv¢ments perfance Dull 2024: the fund contfnu8d to support peop. truees by Ihe profil8 (rf the to the quicker to help memb5 In distr. Finanelal positio At the of the year W2>24: ftmd remar6 a healdry firtanual pos1t with rt ft5nds of £709,757. Despite Econom UTKXrtanty WKI reth utrerest thes. fvr¥fs investments coTrtinu¢d lo perfomi w811, orating Nsc¥)n of £21,680. InvestnRnts are TegAarty reVIed ty ts trustees ar•J wofessirt adv? obtained to erwjre maximum benefits ewpkd wkth $8cwity. The InJstee5' cuffent is to plac8 greater emphasÈs on Iger-lerrn capikl gr(Fwth. The obligations.
THE CABE BENEVOLENT FUND TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 R8senpspdi¢y ft is ttte Otgy of the bensvolent furKI Itiat urfresl1Kt funds wli not been de4wated ft a speofic shoLsld be maintsined at a levd wuivaknl to tjetween thr88 and ssx rrK)rth expen(btufv. tnjstees u¥1erthat reserves at this level WBI ensure tt%at in tne event a signtficAnt drop (unding. they wtm be abk to gJt%Unue the ewlent funds actsvi5 vthlle 0)nsidelOn ts gNen kn ¥rays &lditro¥Fal klnts be raised. This level ol reseNes has Ixn Maintain thrwghoutthe year. Strudure. govèrnance and management Mr M Wa(k)c Mrs J Hall Mr P &inyeF Mr D Kitcatt UrT H3rv8y4oanes Mr K Nj¥e Mrc Wthjtr Recruiln7entandappoinfrnent of tFUStees athiertisement in the CABE iourrral invthng CABE men to be£xmw TFUStees. followed ty an approPTle The Bwwffjlent Fund has a fmance EX)1 f01k3wJ the paynt uFtrade ued%toYs , vA)ich is to '. . Settte the tÉmis ot paymentwih SUPFkn Vh agreeing the terryE of eath trarthction made". . pay in aCc#ydan with the u)mpanYs crX)tr8thj and othw bJ81 obfigaton& or9{SatI)nal struduFE The org8nistlion strucbJTe for the BenevoleTrt Fd ts a board is ade up of 8 1Fus. one of wP¥)m, Mr M Wadi)od is thg They IK4d 3 0ffi(y Tnjstee Meet%5 eth year whith we in Seplembw. January and May. The trust. reFM)rt was apEmv&J by the BO? of Trus. Mr M Wadocé Trnstee Dal8: .
THE CABE BENEVOLENT FUND STATEhlENT OF TRUSTEES. RESPONSIBILMES FOR THE YEAR ENDED 31 AUGUST 2024 The trystegs ai8 ras1KSEble for preForing Ihe Trusle48' Report and Tr(81 staterne in accordance applirAble law arnj United Krd0M AC(x Stwthrds (uni KiChn Generalty Awted knunting Practi¢xl. The law appl&8bJe to charttses Ertylaxl and Waes Ihe InBt88s lo wepare finan¢tal slBtements for nancial y8ar uthich gtve a true and fatr view of the state of thrs of the tervolwst thnd and of ihe incotrring reSrS and appfir3tK)n ofresources ofthe benevcknt fLwd for ye3r. . state fvether ap1£ab[e aXIntry standatds ha been ftthwed. siw to any material depathJrss disdosed wdl wntinue in operakn. The iwsteés are responslt)le kn keep Suffic1 a(X?)unta rec¢yil$ Ihat dtsdose with wsonable accurocy 8t any lime the financial posi{K (rf th8 bnet fund ar enabta Ihem to ensure that the finanGtal stateménts corylty with the Chartses Act 2011, the Chwity jknunts aTha Rep) Regulaknns %K18 and the provAsion$ of the trust deed. They are also responwe ftYsafegu81ng the assets ofthe Iwe¥olenlfvr 8nd he0 tssking reason8b18
THE CABE BENEVOLENT FUND IMDEPENDENT AuDrroR'S REPORT TO THE TRUSTEES OF THE CABE BENEVOLENT FUND and fwew otthe sl ofthe affsw 31 AIyJl aThJ diis rt¥C4JbUS Ba¥$ fw oplnlon that hdii?du2Yy w CdleeJ. may t c#i ts bw)eb)lent lo as aroj ovr aLbthtrfs rèr¢rt there(yft. The trjsleès arp TespcK>yUe fly cther knfrjrmaticffj ¥ithtrF tftr anNal in Ihe fina13[ statements theff&. If, bas8d the M¥Jrk we have w¥ that therè s a tlIa1 mtsstement ol crtherIr&yrnW. we we re£ tsi rwrt f¢ We nothbng tJ report In resF¢d d Ihe tt5 in rnkbcA) ts¥ Ihe Repths) Regul3lv)TW 28 requ¥e lo rep¥xl to rf, in (MArwA(. suff¥iertt recayits haYB frl1*8n kep¢
THE CABE BENEVOLENT FUND INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE TRUSTEES OF THE CABE BENEVOLENT FUND R¢spons1bllti of twsto•s As expL8ined more fully in the slalernenl of tnkstees. respcaiSEbiIle$, thè trustees are responsibk for the preparals)n of Ihe tin211 statements and ts besNJ satisfied that tl)ey gtve 8 true and f8ir vivw. and for su(t insem81 control as thè trustees dvtennirE is necessary to efiale the preparabon of finanoal stdlements that are free from material misStatetYt. wheiher due to fra1 or 8(. In wepariry the finallclal statements. the twste&q a responsible for assessi{ Ihe bBnwd8nt fijnd's ability to oMb"EW8 as a gThn9 concem: (rOsing. a5 8pplic8bte. ¥Ratters rdaled to operation4 or have realistic 8ltèrnati tr¥JLlo do so. Audltoes responslblliti¢s lorthe aydit of the finants81 staten W8 have been apFQinted as athliior under section 144 of the Chaiities Act 2tr114nd repcrft in 0rdarKe wtth the m8terid mlsst8tewl, vthelher due to frwjd tr error, and to tssue an audtorfs report that Indudes Olf opinlon. Reasrthke 8SsUran Is a hvJh W of 85Surdr l)ut rDt a guarnt)tee that an asjdrt COndw in a¢conaance vhth ISA% {UK) will alway5 de a material nwsslatemenl wher r( 8XSSts. MÉ5Staiements Izn 8r4se fraud Dr error and are material 1. (ndividuaty Jx n the aggregate. they could re&%onably be expertéd to inftuesice The extent to wlych our pro¢8dur8s are %zpabfe of det&thrvd irrwrilies. i1dinG traud. is detsiled bekw.
THE CABE BENEVOLENT FUND INDEPENDE14T AuorroRE REPORT (CONTINUED) TO THE TRUSTEES OF THE CABE BENEVOLENT FUND •¥ undetanWvj of 1xp fixud ffliyhi QCXXJT: by. of potential btas", thcluded, lyjt r#Umii>Y to: A fLutr ot Okf r¥MMslxllies is awdaatrAe F(Ma1 Rcp(xliro at Wjl wmy.fr¢FY.IavdiXre5PIbwIlè¥. Tts? des¢(0¥ 5)m¥rtof reE¥ accordatty wth FtnatXa31 RepoitiW Slwdd aw]Fte in the UK aryj Rqthiic of (FRS 102)" las
THE CABE BENEVOLENT FUND INDEpENDErAUDITORE REPORT (CONTINUED) TO THE TRUSTEES OF THE CABE BENEVOLENT FUND Thls is mède solety to ts cfrariws trustaes. as a trKKly. in aCCrI18nee with part 4 of the (aBritE5 IAirDunts Rwrts) Rylations 2CM)8. Our aUdItw has be urKlertaken so that moht state to the GlarVs tr(Jstees those mattets we are wuired to ate to them tn an audititys rem ancl for no othèr purFrt)se. To Ihe fylksf extent pemiltted by law, (kn ao2pt or asswE resptlity ts) anyorE other than the tharity aftd charty'$ ljuskn as a tw)dy. for our8udtiwort f(lhÉs rep. txforthe owions we have formed. David FCCA{S•AiorStatsrtoryAuthT) **AY ZoZ5 Statutory Audltor 1 Bkling Road Ur¥ited KEftgd(xn NN1 S4L Cottons Acc(wtats LLP eligib(e for apkX¥)tment as a4Klitor of the trwwolent furKI by vhlu8 of its eligity for appointmnt as auditor ot a 0Y under s8cAicffj 1212 oFthe Cc4npaniesAct 2.
THE CABE BENEVOLENT FUND STATEMENT OF FINANCIALACTIVMES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2024 funds 2024 Donations and legaue5 Inyestrnents 447 18,679 2,775 21,680 ZT,510 21,901 Expendi£ur•on: Charitable act4vths 31402 13, Total exptndknre 32.402 13.&55 Net gair61(tosses) on Investts 12 38,830 19,315) .938 {S69> R8¢onclltlon of funds: Fund baiafices at 1 septertw23 675,819 676.788 Fund Imlances at 31 AUgt 2024 709,757 675,819 Th¥ staer[rt offin&dal adivits indudes all g¥ll and kwes the year. All Fn¢JTh and oxwdittkre delive Irom cOnknui ac.
THE CABE BENEVOLENT FUND BALANCE SHEEr ASAT31AUGUST2024 Invastrnents 14 677,715 15 Cash at bank aThl kn hand 38.104 34.691 38.104 16 (2.6491 11.170} 32.042 Total •sBets less Wrent liabifil*s 709,757 875.819 Net 8ssets pen51on hablllty 709.757 675,819 The funds of the benèvoJ•rt furAI Unrestricled funds 709,757 875.819 709,757 675.819 22nd January 2025 Thi¥ts
THE CABE BENEVOLENT FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Charity Informatlon The finani¥al ststemeDts have been ptepwl h aoxthn¢e with the bert fEmds govemwo dLxxJment. the Cbarsties Act 2011. FRS 102 Tr FirrnTKiaT Rewrtiry Standar¢J aPFlble the UK ar#1 ReWbr of Irelantr rFRS 10fl and thè chleS SORP 'AcCcting and Reportmg by Cttaribes: Staiement of Recommended Prstaice applKxble to chartse5 Fwanng acLounts in ac40rdar Ihe Flnanca Reporting StsndarLf applie the UK 8rKI Replth of IFetasKI IFRS 102)- {effective l 2019). The benOleIE fwvj is a PUNIC Benefft Entity as defbRd lty FRS 101 The bettevc4ent has lakon of the in the SORP for ttoiilies not to epa a StatemeF)t of Cash FkJws. the extert ltTe lo prowide a Inje 8nd fair VW. dep3FbJre hès invo¢¥ed follory the St8temert of Rgcommendgj Prath"ce tr tharttses apptyirvJ FRS Iwa ttn the version of Ihe Statettnt of RecoMMendj Practicè whth * ¥eferred to in the RegulaIMs butwhth has sujce been witlxltasyn. The financial statements are prepwed in stertMYJ. ld} is tho f#)81 ojrrenw of the bwwdent fund. monet 8mcyJnts in these financial ¥e fowdt to nearest£ reVaILtion of ttsin fjnanL¥al irBtrumerts 81 fair value. The poknes ad17Pted are $61 (Mrt 12 Golng concern At the time of aPPTDlring fina731 statemwts. the trustee5 have a reaswble 8xp•ciaknn that the benevolent lund has •uate rBswris w cortinue n cperath)nal extstence for the foFesaè8ble ftrtuEe. TlwJs 12 Charhabk lund$ UftrestrKed fvnLts a avaHable for use 81 Ihe tSsuet¥Jn of Ihe trustees fts11herar of theK dwrftsble Restllcted funds are subject tG by Oorm or grantors as to hrm IW may be 8. Tho purwses and uses ofihe {eStrT lurth are s&t Jt in the notes finatwi statemgnts. benevolénl (UF. 1.4 Income InGome is rerxyJnised kn Ihe benevotent legally enbtted ID rt after any pertOTTh4n ¢or¥thiofts have been mot. the anwts can be fi$ retthty, and piobabte that incoffie will be received. Cash donati$ t reoyjnised on r1p*. Other donatiC recognised once the betwotert fund has donaiion. io-
THE CABE BENEVOLENT FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2024 {Conlinued) distributson. the am1 is kno%. and is expected. Efthe not kxovffl, the legacy ks Irealed a contingent awL l.S Expenditur• Ihir(I paty, it L% probatle that a transfw of benefils w4W be requi iti selttemwL and the amunt of Exwthluro is das5nled by admty. The rxts of eath actsW are mats of ts tcrtal of dwecl ujsts 3nd shaTrd tmts, induding suprKKt oists involvf Ni urthrtak2ro eath aciNty. Di1 St5 attributable to a single acbvfty are allocatsd (fjrecuy to lh a¢tNity. Shared CO whi( contribLrte to MO than one athity and support o)sts wh%ch are not attntsbI8 to 8 s¥KJle ivity 3re apFxthed bekn the activibes a basi$ o)nsistent with the use of resource& Central staff eosts are alkncated IhB basis of time sprt and 4.6 Fixed as50t Invents ed asset investrrwts are frnÉtialty uasured al IF3¢t Nice exdJdlng lrnnsa(Aion eosts. ano arfi subsequenty rT4Wdsured & fatr value at reFANtiw dale. Chang&s fair v8lu8 pre fecognised th net 1.7 Cash and cash equlvalonts Cash and (35h equNatents inrjude in hand. dwsits hdd at cal bsnks: other short.tami lsquid vestrnenÈs with origtnal Ma[lEs of ttrwee less, ar¥J bank overdrafts. Bank overdrafts ale In tA)rftrwings ip liaExlrbe& I Finandal IF¢15 benevc4enl fvnd h8s eleded lo of SèctK)n 11 BaC Finanoal InstrLmwnts' and Section 12'0&Er FinarKial Instruments Issues. of FRS 102 to 811 of financiaf insthim. Jhere is a legally 8r[forbre Fight io set off ts reCognd arnOts and there B an interthc47 tr) selts8 a net basvs or to realise the asset and settle fhe liatilly sinultX0usIy. Bastc finwtial assets. wtiidj 1Drae ¢kbtrxs bank tAkn¢es. are initiaty mgasuretl £1 trdnsa¢tN)R pri indudlng trarLsa¢Jion o)sts aExI are sut6equenty camed at anwIls cost using ttTe effectNe measured at the pnt Val of receipts SC4rted at a EnaEket rate of interest. Finaniaal asspts 11
THE CABE BENEVOLENT FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 A¢countipg polldes {Contlnued) Basic fivHn(ial It8trilibes. ThSutht¥J arKI bank b)ais sre * tsnsactiM wicp lesS value of the ftrture payments di5COtmted at a ffthet T of threst Fmancial fiabij iliÈs dassifvj as paythe within on8 ypar are not amortised. OperatiL from wiw5. AnK)unts payaÈ4e are dassified as fwffertrt labilthes rf FeY[Ttt is due wthin one year or less. Ir N)L they ate syesented 85 noNL1 liabifdies. Trade creditors ate [Sed insti8tty at Financial liatslstses are (knoyJnised kn thp benevthrt fiJr¥Ss IpttonS axpye (Y are In the applicathTr of t benev(Aent kmd's ctIr¥J ptili¢ies. thets3JStetss are required to make aSMateS and assumpts)ns ab)ui Ihe rrYing 3nx)unt of assets an¢J IFatAlites are Tr)t readfy apparent from other sources. The estimatss and asso¢tat&Y assumFrtaons are basert tristo¢È¢4 expBrierte and ofher The estims and U¥er1n9 assumpticS aE (OIng basis. R8iSton$ b) miunling estimates are recrgnised Bi the peficxl in whith Ihe eslimale Is reSed where the revisir 8ffects onw that peri(xl. or in Ihe perifya al the revis pwjs vh)e Ihe affeds both cuffent and ftsknre per#)ds. Unrestrlcted UnrastriGted funds 2023 Donalirrfks and gits 12-
THE CABE BENEVOLENT FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) R?R THE YEAR ENDED 31 AUGUST 2024 funds fvnds 2024 2023 7.847 13B33 4.952 13,727 21,680 1&679 funds 2024 funds 2023 2.775 Heading Headhig %ac982
ac982
2024 2023 Insurance Stsndry 219 142 2,377 2,184 131 4,156 Grarrt)lJr*Jlng ofacb%qties ncrte n 7.710 Go¥pman 4240 32.12 13A55 An#ly5is by fvnd 32.402 13,555 13-
THE CABE BENEVOLENT FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Expenrture Expgn(rrture 2024 7,710 7.710 2023 A11 fees 1.240 1,240 Charttable ivttses 1.240 Net moYem¢nt in fvnds nel movemènt in fjjnds 15 StsJ" Fees payable for auth ofthe knncl statts 1240 10 Trustees bene¥olent fvnd the year. ExpeFbses of£2,t8412023. £1.367) were to the Intst8es. 11 Efflploy 2024 Numb 2023 Number Total -14-
THE CABE BENEVOLENT FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 11 Employees {Continued) funds funds 2023 2024 Ga1{k>S5e5} ar1r¥ ( 38,830 (9.3151 13 Yaxatio The charity ts exempt from taxatith) on IL8 *YNrbes beca all lis Ome ss apprd th8rttsts PUfpose$. 14 Fry8d as¥et trFvestmants Unlistod At 1 S-plEmbw 2023 Valuation th8ngg8 38.830 At 31 AugiJst 2024 677,715 Carrylng anourrt Al 31 Awt 2024 6T7.715 2024 2023 Trade debknrs 813 673 -15-
THE CABE BENEVOLENT FUND NOTES TO THE FINANCIAL STATEhlENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGusf 2024 16 Creditors." amolts falling withln on• y 2023 1.170 1.170 17 Unrgstrkted funds destgnated fvnds whK Iwe Set 85Kle ¢xtt ofunEestricted fvnts by the trustees fOrSfiC oseS. At1 It)coming Resources Gns and At 34 August 2024 General funds 675.819 ZlS10 2,4021 709.757 Prnviryts y•ar. Atq In¢oming Re*wr¢es Gains At 31 August 2023 2022 Genera fvnds 676.788 (13.555) {9515) 675,819 18 Anatysls of net assets bet¥w fund5 Unrestrirt funds 2024 At 31 August 2Q24: Investments Curtenl a101abl1lBs} 677,715 32.042 709.757 16-
THE CABE BENEVOLENT FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 31 AUGUST 2024 (Contlnuedl funds 2023 At 31 AtvJust 2023: Investments Curwt assotsl(bthlies) 38.934 675,819 The Benewlent Fur¥1 exists lo ptovide for the Tdief in thstre&wJ litlwmsta of memfErs. Trttred members ond form8r ttmber5 ( the A%gooation of Bld1t} ERfjine&TS and Chartered As%)Gi8tro of Buih8ing Er¥3Eneers of wdows and thli dren and other d8peJthnts in distressed (arnmstsnrE8 of der*ased Various m&nLws of the AssctÈatKm submit itrjnafions to the CABE 88rEèvoknl Fund akK¥J wbfh thèir annual bSCr"05. As at 31 August 2023 t8121223 - £Nil} was to the CABE Be¥016t Fund from the -17-