Charity number: 1194408 THE BELL CHARITABLE TRUST UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 THE BELL CHARITABLE TRUST CONTENTS Page Reference and administrative details of the charity. its Trustees and advisers Trustees. report Independent examinerfs report ststement of financial activities Balance sheet Notes to the financial statements 7-10 THE BELL CHARITABLE TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2024 Trustees Anthony Robert Bell, Chair Carol Rosemary Bell Charlty reglstered number 1194408 Principal office Rye Collage Heath Road Norwich Norfolk NR12 OAK countants MA Partners Audit LLP charter￿ Accountsnls & Statutory Auditors 7 The Close Norwich Norfolk NR14DJ Page 1 THE BELL CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2024 The Trustegs present their annual report together wlh the financial statements of th8 charity fcy the year 6 April 2023 10 5 April 2024. Objectives and activities Policies and objectives The charity's principal activity is to make grants to individuals and organisations. In setting objectives and planning for activities, the Trustees have giv8n dug consideration lo g8neral guidance putJished by the Charity Commission relating to public benefit, including the guidance 'Public ben8fil.' running a tharily IP82)'. hievements and performance a. Review of activities The charity r8cord8d incomg from donations of £115,813 in the year and made no grant awards. Financial review . Going concem After making appropriate enquiries, the Trustees have a r8asonable expgclalion that th8 charity has adequate resourc8s lo continue in operational existenc8 for th8 forgse8ablg future. FC￿ this reason, th@y continug to adopt the going concern basis in preparing the financial statements. b. Reserves policy The Trustees have not set a r88gtV8s wlicy bul monitor reserves when ass8ssing grant avrards. As al 5 April 2024 the charity had frge resgtW8s of £116,390. Structure, governance and management . Constilution The Bell Charilablg Trust is a rggislered charity, number 1194408, and is constituted undgr a Trust deed. b. Methods of appointment or election of Trustees The management of the charity is the responsibility of the Ttustegs who are 818cted and co-oplgd under the terms of the Trust deed. Page 2 THE BELL CHARITABLE TRUST TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 5 APRIL 2024 Statement of Trustees. responsibilities The Trustees are responsible for preparing thg Truste8s' report and the financial slal8mgnls in a￿OrdanCe with aptAicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Pradi￿). The law app￿1¢able to charities in England & Wales requires the Trustees to prepatE financial slalemenls for each financial year which give a true and fair view of the slate of affairs of the charity and of ils incoming resources and application of resources, induding ils income and expendilurg, for that p9ricxY. In preparing these financial slalements, the Trustees arg rgquir8d to.. select suitable accounting wlicies and then apply them consistently., observe the methods and principles of the Charities SORP IFRS 1021", make judgments and accounting estimates that are reasonable and prudent., slate whether applical￿e UK Accounting Standards IFRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and 8xplain the tharily's transactions and disclose with reaSonal￿e accuracy at any time the financial position of the charity and enable them to ensure that th8 financial statements comply with the Charitl8s Act 2011, the Charity IAccounls and Reports) Regulations 2008 and the provisions of the Trust deed. They 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. Approved by order of th8 members of the board of Trustees and signed on their behalf by= Anthony Robert Bell Dat8.. 23 January 2025 Page 3 THE BELL CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2024 Independent examinerfs report to the Trustees of The Bell Charitable Trust I'the charity.) I report to the charity Trustees on my examination of the accounts of the chartty for the year ended 5 April 2024. Responsibilities and basis of report As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requir8ments of the Charities Act 2011 {'Ihe 2011 Act'l. I report in respect of my examination of the tharity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145151(bl of the 2011 Act. Independent examinerfs ststement Your attention is drawn to the fact that the charity has prepared the accounts in 8ccord8nce with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Sland8rd applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2(K)5 which is referred lo in the extant regulations but has been withdrawn. l und8rstand that this has be8n done in ord8r for th8 accounts lo provide a true and fair vi8w in accordance with the G8nerally Accepted Accounts'ng Practic8 effective for reporting peri(xJs beginning on or after 1 January 2015. I have completed my examination. I confimi that no matters have come to my attention in connection wth the ex8minalion giving me cause to believe that in any material respect.. accounting records w9rg not k8Pt in respect of th8 charity as required by section 130 of th8 2011 Act., or the accounts do not accord with those records,. or the accounts do not comply with the applicable requirements Concerning the form and conlenl of accounts sel out in the Charili8s IAc¢ounls and Rgportsl Regulations 2008 other than any requir8ment that th8 accounts give a 'lrue and fairf view which is not a matter considered as part of an independent examination. I have no conc8ms and have come across no oth8r matters in connection with Ihg examination to which attention should be drawn in this report in order to enable a woper understanding of the accounts to be reached. This report is made solely to the charity's Trustees, as 8 ix)dy, in accordance wlh Part 4 of the Charities IAccounls and Reports) Regulations 2008. My work has been undertaken so that I might slate to the charity's Trustees those matters l am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as 8 body, for my work or for this report. Signed.. Alice Lynch Dated.. 23 January 2025 Bsc FCA DChA MA Partners Audit LLP Chartered Accountsnts & Statutory Auditors 7 The Close Norwich Norfolk NR14DJ Page 4 THE BELL CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2024 Unrestricted funds 2024 Total funds 2024 Total funds 2023 Note Income from.. Donations and legacies Investments 115,813 270 115,813 270 Total income 116,083 116,083 Expenditure on: Charitable activi118S 1.488 1.488 7, 135 Total expenditure 1,488 1,488 1, 135 Net movement In funds 114595 114595 (1, 126) Reconciliation of funds= Total funds brought forward Net movement in funds 1.795 114595 1.795 114595 2,921 (1, 126) Total funds carried forward 116,390 116,390 7, 795 The Statement of financial activities includes all gains and losses recconised in the year. The notes on pages 7 to 10 form part of these financial statements. Page 5 THE BELL CHARITABLE TRUST BALANCE SHEET AS AT 5 APRIL 2024 2024 2023 Note Current assets Debtors Cash al bank and in hand 44,163 73,716 2,930 117,879 2,930 Creditors= amounts falling due within one year 11.4891 (1,135) Net current assets 116,390 1,795 Total net assets 116,390 1,795 Charity funds Unrestricted funds 116,390 7, 795 Total funds 116,390 1,795 The financial statements were approved and authorised for issue by the Trustees and sign￿1 on their behalf by.. Anthony Robert Bell Date.. 23 January 2025 The notes on pages 7 to 10 form part of these financial statements. Page 6 THE BELL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 General infomiation The Bell Charitable Trust is registered in England and Wales and its registered address is Rye Cottage, Heath Road, Hickling, Norwch, NR12 OAX. Lcounting policies 2.1 Basls of preparatlon of flnanclal statements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable to charitigs preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 leffeclive 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. The financial slat8menls have been prepared to give a 'true and fairf view and have departed from the Charities (Accounts and Rgportsl Regulations 2008 only to the exlenl requirgd to providg a 'lrue and fair, view. This departure has involved following the Charities SORP IFRS 1021 published in October 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended Practic8 8ff8cIIv8 from 1 April 2005 which has since been wlhdrawn. The Bell Charitable Trust meets the definition of a public benefit enlily under FRS 102. Assets and liabilities are initially recognis8d al historical cost or transaction value unless otherwise staled in the relevant accounting policy. 2.2 Income All income is recognised once the tharily has entitlement to the income, il is probable that the income will b8 received and the amount of income receivatle can be Measur￿ reliably. Income tax recoverable in relation lo donations received under Gift Aid or deeds of covenant is recognised al the time of the donation. 2.3 Expendlture Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as wdl as any associated support costs. l eX￿ndItUre is inclusive of irr8coverabl8 VAT. 2.4 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be mea￿red reliably by the charity,. this is normally upon nolificalion of the interest paid C￿ payable by the institution with whcm the funds are deposited. Page 7 THE BELL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 counting policies Icontinuedl 2.5 Debtors Trade and other debtors are recognised al the settlement amount after any trade discount offered. Prepayments are valued al the amount prepaid net of any trade discounts due. 2.6 Cash at bank and in hand Cash al bank and in hand includes cash and short-term highly liquid investments wth a short maturity of three months or less from the date of 8CqUlSltion or opening of the deposit or similar account. 2.7 Liabilities and provisions Liabilities are recognised when the￿ is an obligation at the Balance sheet date as a result of a past event, il is probable that a transfer of economic benefit wll be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities ar8 recognis9d at the amount that th8 charity anlicipales il will pay to settl8 the debt or th8 amount it has received as advanced payments for the goods or services it musl provide. 2.8 Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financi81 instruments. Basic financial instruments a￿ initially recognised 81 transaction value and subsequently measured at their settlement value. 2.9 Fund accounting General funds are unrestricted funds which are 8V8il8ble for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Income from donations and legacies Unrestricted funds 2024 Total funds 2024 Total funds 2023 Donations 115,813 115.813 Page 8 THE BELL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Analysis of expenditure by activities Support costs 2024 Total funds 2024 Total funds 2023 Adminislrative costs 1,488 1,488 1,135 Tolal 2023 1, 135 1, 135 Independent examinerfs remuneration The independent examiner's remuneration amounts to an independent examiner fee of £1,188 (2023 £1, 135), and other taxation services of £30012023 - £ -)- Trustees. remuneration and expenses During the year, no Trustees weived any remuneration or other benefits (2023- £NILI. During the year ended 5 April 2024, no Tnjstee expenses have been incurred. Debtors 2024 2023 Due within one year Prepayments and accrued income 44,163 44,163 Creditors- Amounts falling due within one year 2024 2023 Accruals and deferred income 1,489 1, 735 Page 9 THE BELL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Statement of funds Statement offunds- current year Balance at 6 April 2023 Balance at 5 April 2024 Income Expenditure Unrestricted funds General Funds 1.795 116,083 11.4881 116,390 Statement of funds - prior year Balance at l April 2022 Balanc8 al Income Exp8ndilure 5 April 2023 Unrestricted funds Ggneral Funds 2,921 (1, 135) 1, 795 10. Analysis of net assets between funds Analysis of net assets between funds - current period Unrestricted funds 2024 Total funds 2024 Current assets Creditors due within one year 117,879 11,4891 117,879 (1,489) Total 116,390 116,390 11. Related party transactions During the period Anthony Robert Bell, a Tmstee, donat￿] £71,650 to the charity. There were no related party Ir8nsaclions in the prior year ended 5 April 2023. Page 10