REGISTERED CHARITY NUMBER: 1197296
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 21 DECEMBER 2021 TO 30 SEPTEMBER 2022
FOR
BUCKLEHAVEN CHARITY
Mitchell Glanville Limited
41 Rodney Road Cheltenham Gloucestershire GL50 1HX
BUCKLEHAVEN CHARITY
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 21 December 2021 to 30 September 2022
| Page | |
|---|---|
| Report of the trustees | 1 |
| Statement of financial activities | 2 |
| Balance sheet | 3 |
| Notes to the financial statements | 4 |
BUCKLEHAVEN CHARITY REPORT OF THE TRUSTEES
FOR THE PERIOD 21 December 2021 to 30 September 2022
The trustees present their report with the financial statements of the charity for the period ended 30 September 2022. 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).
STRUCTURE, GOVERNANCE AND MANAGEMENT Legal status & Constitution
The Charity is governed by a Deed of Gift dated 29th November 1899 and a Scheme of the 7th February 1979 amended 25th August 1995.
Bucklehaven was registered with the Charity Commission on 29 December 2021 and with effect from the 30 September 2022, the Charity is governed by the Bucklehaven Foundation CIO Constitution dated 6 September 2022. These accounts cover the period prior to the Constitution coming into effect.
The Charity’s Registered number is 1197296 and it is also regulated by the Regulator of Social Housing (number 5166).
Principal address c/o 11 Warren Close Cheltenham GL51 3HW
Trustees
Mrs CR Bower - Chair Mr R Basnett Mr MA Hunt Mr JAH Mills Mrs CE Orman Mrs CE Stone Mrs JC Tooley (appointed 13 April 2022)
Clerk to the Trustees Mrs Elspeth Meekums
Independent Examiners Mitchell Glanville Limited 41 Rodney Road Cheltenham Gloucestershire GL50 1HX
Bankers
Lloyds TSB Plc 130 High Street Cheltenham Gloucestershire GL50 1EW
Solicitors Harrison Clark Rickerbys Ellenborough House Wellington Street Cheltenham GL50 1YD1
STATEMENT OF TRUSTEES’ RESPONSIBILITES
OBJECTIVES AND ACTIVITIES FOR THE YEAR
There has been no activity for this period.
REFERENCE AND ADMINISTRATIVE DETAIL
The Charity has Managing Board of 7 Trustees supported by a part time clerk.
Risks
The Trustees have reviewed with their professional advisers the major risks to which the Charity could be exposed and are satisfied
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that the arrangements in place to deal with these eventualities.
Value for Money Metrics
Under the agreement dated 18th July 1997, the Trust have outsourced the day to day running of the properties to the Sovereign Housing Association. This agreement provides that all weekly maintenance contributions are paid directly by the residents to Sovereign, who are responsible for the maintenance of the Charity’s property. Due to the nature of this agreement -Value for Money Metrics for the Trust are not meaningful and therefore not included in these accounts.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.............................................................................. Trustee
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BUCKLEHAVEN CHARITY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 21 December 2021 to 30 September 2022
Total funds Notes £ NET INCOME - TOTAL FUNDS CARRIED FORWARD -
The notes form part of these financial statements
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BUCKLEHAVEN CHARITY
BALANCE SHEET 30 September 2022
| Total | |||
|---|---|---|---|
| funds | |||
| Notes | £ | ||
| NET CURRENT ASSETS | - | ||
| TOTAL ASSETS LESS CURRENT LIABILITIES | - | ||
| NET ASSETS | - | ||
| FUNDS | 3 | ||
| TOTAL FUNDS | - | ||
| The financial statements were approved by the Board of Trustees and authorised for issue on | ............................................. and were | ||
| signed on its behalf by: | |||
| ............................................. | |||
| Trustee |
The notes form part of these financial statements
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BUCKLEHAVEN CHARITY
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 21 December 2021 to 30 September 2022
1. ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.
TAXATION
The charity is exempt from corporation 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. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the period ended 30 September 2022.
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the period ended 30 September 2022.
3. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | |||
|---|---|---|---|
| Net | |||
| movement | At | ||
| in funds | 30/9/22 | ||
| £ | £ | ||
| TOTAL FUNDS | - | - | |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| TOTAL FUNDS | - | - | - |
Net movement in funds, included in the above are as follows:
4. RELATED PARTY DISCLOSURES
There were no related party transactions for the period ended 30 September 2022.
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