Charitable Incorporated Organisaton registered number: 1198940
THE BRAITHWAITE TRUST
Report and Financial Statements Period ended 31 March 2023
THE BRAITHWAITE TRUST REPORT AND FINANCIAL STATEMENTS CONTENTS Page Trustees’ report 1 Receipts and payments account 4 Statements of assets and liabilites at the end of the period 5 Independent Examiner’s report 6
THE BRAITHWAITE TRUST
REPORT AND FINANCIAL STATEMENTS
TRUSTEES’ REPORT
The trustees present their annual report and the financial statements for the period ending 31 March 2023.The report and the financial statements comply with the requirements of the Trust’s governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable to the UK and Republic of Ireland (FRS 102).
LEGAL AND ADMINISTRATIVE DETAILS
Trustees
Martijn Mugge (appointed 13[th] April 2022) Margaret Harrison (appointed 13th April 2022) Michael Rigby (appointed 13th April 2022) Mark Harewood (appointed 3[rd] March 2023) Paul German (appointed 11[th] May 2023)
Charity’s Principal Address
8 Castle Avenue Conisbrough DN12 3BT
Independent Examiner Rachel Field ACA 20 Chorley Drive Sheffield S10 3RR
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THE BRAITHWAITE TRUST
TRUSTEES’ REPORT (contnued)
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Trust was registered as a Charitable Incorporated Organisation (registration number 1198940) with the Charity Commission on 12[th] May 2022. The Trust is required to have a minimum of three trustees. 4 trustees served in the period to 31 March 2023. Future trustees are to be appointed by a properly convened meeting of the Charity Trustees. All trustees must subscribe and adhere to, in belief and lifestyle, the Statement of Faith. Management of risk
The Trust’s activities have been, and will continue to be, the funding, purchasing and management of property to support the objects of The Trust and the financial support of Christian ministry through local churches and other charitable organisations. The Trustees consider there to be little risk to manage as there are no loan repayments or interest, maintenance costs are modest, and rental income is reasonably assured. OBJECTIVES AND ACTIVITIES
The Trust’s objectives are to advance the Christian religion for the benefit of the public; and to advance Christian education and learning for the benefit of the public.
The founding Trustees have set up The Trust in commitment to the evangelical tenets of the Christian faith and therefore the activities of The Trust will only be to support evangelical Christian ministry.
The Trust’s activities during the period ended 31 March 2023 have been to raise funds to enable the purchase of a suitable property for a church worker.
The Trustees are aware of the requirements for the Trust, as a registered Charitable Incorporated Organisation, to be acting in the public benefit, and the Trustees are of the view that the Trust’s activities are in the public benefit as defined by the Charity Commission.
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THE BRAITHWAITE TRUST
TRUSTEES’ REPORT (contnued)
ACHIEVEMENTS AND PERFORMANCE
During the period to 31 March 2023, the charity received a donation from an individual and two transfers from St. Peter’s Conisbrough PCC; one for the Braithwaite Legacy and the other from the proceeds of sale of a property.
Related party transacton
Martijn Mugge, Michael Rigby and Margaret Harrison (all trustees during the period) were members of the PCC of St. Peter’s (Conisbrough with Clifton Church) during the period.
FINANCIAL REVIEW
During the period to 31 March 2023 the Trust received donations of £155,516 and paid a small legal fee. Total funds at the end of the period were £155,356.
Reserves
The Trust does not have a reserves policy as grants are only awarded when adequate funds are available.
This report was approved by the Trustees on 4[th] April 2024 and signed on their behalf,
Martjn Mugge Paul German Trustee Trustee
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THE BRAITHWAITE TRUST
RECEIPTS AND PAYMENTS
For the period ended 31 March 2023
| Receipts Donatons Bank interest Total receipts Payments Legal fees Bank charges Total payments Net receipts/(payments) Cash fund 31 March 2023 |
Period ended 31 March 2023 General Fund Designated Fund Total £ £ £ 70,647 84,869 155,516 - 0 70,647 84,869 155,516 160 160 - 0 0 160 160 70,647 84,709 155,356 70,647 84,709 155,356 |
Period ended 31 March 2023 General Fund Designated Fund Total £ £ £ 70,647 84,869 155,516 - 0 70,647 84,869 155,516 160 160 - 0 0 160 160 70,647 84,709 155,356 70,647 84,709 155,356 |
|---|---|---|
| 155,516 | ||
| 160 0 |
||
| 160 | ||
| 155,356 | ||
| 155,356 |
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THE BRAITHWAITE TRUST
STATEMENT OF ASSETS AND LIABILITIES
31 March 2023
| 31 March 2023 | |
|---|---|
| Cash funds Virgin Money Bank Account Total cash funds |
31.3.2023 £ 155,356 |
| 155,356 |
The Trust has no other assets or liabilities.
In particular the Trust had given no guarantees and had no debt outstanding at the period end.
These financial statements were approved by the Trustees on 4th April 2024 and signed on their behalf by
Martjn Mugge Paul German Trustee Trustee
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THE BRAITHWAITE TRUST
INDEPENDENT EXAMINER’S REPORT
for the period ended 31 March 2023
Independent Examiner’s Report to the Trustees of The Braithwaite Trust (registered charity number 1198940)
I report on the financial statements of The Braithwaite Trust (the ‘Charity’) for the period ended 31 March 2023.
The report is made solely to the trustees of The Braithwaite Trust, as a body, in accordance with the regulations made under section 154 of the Charities Act 2011. My work has been undertaken so that I might state to the Charity’s trustees those matters I am required to state to them in the 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 its trustees, as a body, for my work, for this report or for the opinions I have formed.
Respectve responsibilites of trustees and examiner
The Charity’s trustees are responsible for the preparation of the financial statements. The Charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to:
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examine the financial statements under section 145 of the Charities Act 2011;
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follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011; and
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state whether particular matters have come to my attention.
Basis of Independent Examiner’s statement
My examination was carried out in accordance with General Directions given by the Charity Commission. An examination includes a comparison of the financial statements with the accounting records kept by the Charity. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
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Independent Examiner’s statement
In connection with my examination, no matter has come to my attention
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(i) which gives me reasonable cause to believe that in, any material respect, the requirements:
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to keeping accounting records in accordance with section 130 of the Charities Act 2011: and
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to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the Charities Act 2011
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have not been met; or
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(ii) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached
Signed:
Name: Rachel Field
Relevant professional qualification or membership of professional bodies: ACA Address: 20 Chorley Drive Sheffield S10 3RR
Date:
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