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2023-12-31-accounts

REGISTERED CHARITY NUMBER: 206136

Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2023

for

Bromsgrove United Charities

Kenneth Morris Limited 1 Aston Court Bromsgrove Technology Park Bromsgrove Worcestershire B60 3AL

Bromsgrove United Charities

Contents of the Financial Statements for the Year Ended 31 December 2023

Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6 to 7
Notes to the Financial Statements 8 to 16
Detailed Statement of Financial Activities 17 to 18

Bromsgrove United Charities

Report of the Trustees

for the Year Ended 31 December 2023

The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. 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).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The focus of our activities remains the provision of social housing, the management and letting of lands belonging to the charity and the payments of relief in need. The trustees confirm that there have been no changes in the policies adopted by them to achieve the objects of the charity during the year.

In planning our activities for the year we kept in mind the Charity Commission's guidance on public benefit. The Charity provides a public benefit by alleviating the burden on the community and the local authority by providing warden care to the needy at low rents.

Volunteers

The Charity is dependent on the services of the trustees who receive no remuneration or benefits for their services.

ACHIEVEMENT AND PERFORMANCE

The trustees consider that the performance of the charity this year has been satisfactory and they confirm that assets are available and adequate to fulfil the obligations of the charity.

Occupancy of the accommodation has been good with void rents of only £3,985.

As well as routine maintenance continuing during the year, at Kathleen Field Court, corridors have been repainted and major renovations done to flat 18. At Phebe Bell Court, some kitchens have been replaced and this work is still continuing. Also, ground floor lighting has been updated and major renovations have been done to flat 12. Fire risk improvements have also been made to both properties.

Churchfields Road has remained an investment property and been fully occupied during the year.

FINANCIAL REVIEW

Investment policy and objectives

The trustee's investment objective is that the real value of the assets be maintained, and enhanced over the longer term. The trustees receive regular reports on the state of its portfolio, and consider the performance to be satisfactory for the year.

Reserves policy

The policy of the charity is to hold accumulated reserves to provide capital for investment, which in turn provides income to meet costs as they arise, such as major repair costs. The Charity tries to maintain a break-even situation annually.

Void Rents:

During the year the charity suffered void rents amounting to £3,985 (2022 - £1,149) whilst properties were empty.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

Its full objects are defined therein. The charity does not actively fund raise.

A copy of the trust deed can be obtained from the treasurer at the registered office shown on page 2.

The trustees confirm that there have been no changes in the policies adopted by them to achieve the objects of the charity during the year.

Page 1

Bromsgrove United Charities

for the Year Ended 31 December 2023

Report of the Trustees

STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees

The trustees are appointed by the Board of Trustees. The trust deed provides for a body of nine competent persons, being two ex-officio trustees, three nominated trustees and four co-opted trustees. The trustees have quarterly meetings at which a quorum of four trustees must be present, to agree the broad strategy and areas of activity for the trust, including consideration of grant making, investment, reserves and risk management policies and performance. The day to day administration is delegated to the treasurer and the clerk to the trustees.

Organisational structure

The trustees delegate the day to day running of the charity to the Treasurer and the Clerk to the Trustees, Lisa Siembab. Certain minor repair items are then delegated to the Wardens. Major items are referred to the Trustees.

Bishop Hall's Charity for the Needy

In March 2002, Bromsgrove United Charities took over the assets and income of Bishop Hall's Charity for the Needy and it is now administered under the terms and conditions of the Trust Deed of Bromsgrove United Charities.

Induction and training of new trustees

The board keeps the skill requirements for the trustee body under review and in the event that a trustee permanently retires or additional new trustees are required, the board will endeavour to recruit suitable new trustees. The induction process for any newly appointed trustee comprises an initial meeting, followed by a short meeting(s) to provide a brief history of the trust, copy of committee minutes, copies of prior years annual reports and accounts, a copy of the governing trust deed and a copy of the Charity Commission's guidance for trustees.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

206136

Principal address

Phebe Bell Court 10 The Flats Sidemoor Bromsgrove Worcestershire B61 8LF

Trustees

M Bishop Chairman L Hodges Vice Chairman B Weaving Trustee R Khan Trustee P Rowan Trustee J Hewer Trustee (resigned 18.2.23) J Grundy Trustee Rev. J Hatton (appointed 18.5.23)

The board of trustees are authorised to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee. Under the trust deed the body of trustees shall consist of nine competent persons when complete.

Independent Examiner

Kenneth Morris Limited 1 Aston Court Bromsgrove Technology Park Bromsgrove Worcestershire B60 3AL

Page 2

Bromsgrove United Charities

Report of the Trustees

for the Year Ended 31 December 2023

REFERENCE AND ADMINISTRATIVE DETAILS Bankers

Barclays Bank PLC Worcester High Street Leicester LE87 2BB

Solicitors

Hallmark Whatley Hulme 3 Sansome Place Worcester WR1 1UQ

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DONATIONS

Donations totalling £8,000 (2022 - £11,000) were received this year.

Approved by order of the board of trustees on 23 May 2024 and signed on its behalf by:

M Bishop - Trustee

Page 3

Independent Examiner's Report to the Trustees of Bromsgrove United Charities

Independent examiner's report to the trustees of Bromsgrove United Charities

I report to the charity trustees on my examination of the accounts of Bromsgrove United Charities (the Trust) for the year ended 31 December 2023.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Kenneth Morris Limited 1 Aston Court Bromsgrove Technology Park Bromsgrove Worcestershire B60 3AL

23 May 2024

Page 4

Bromsgrove United Charities

Statement of Financial Activities for the Year Ended 31 December 2023

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
3
Housing Activities
Investment income
2
Other income
Total
EXPENDITURE ON
Charitable activities
4
Housing Activities
Other
7
Total
Net gains/(losses) on investments
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
8,000
285,194
35,845
257
329,296
302,046
29,869
331,915
120,482
117,863
1,545,070
1,662,933		 Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
-
-		 2023
Total
funds
£
8,000
285,194
35,845
257
329,296
302,046
29,869
331,915
120,482
117,863
1,545,070
1,662,933		 2022
Total
funds
£
11,000
233,282
31,355
-
275,637
282,070
27,826
309,896
(138,853)
(173,112)
1,718,182
1,545,070

The notes form part of these financial statements

Page 5

Bromsgrove United Charities

Balance Sheet 31 December 2023

Notes
FIXED ASSETS
Tangible assets
10
Investments
11
CURRENT ASSETS
Debtors
12
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
13
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one year
14
ACCRUALS AND DEFERRED INCOME
17
NET ASSETS		 Unrestricted
funds
£
823,437
1,282,668
2,106,105
1,699
264,675
266,374
(24,620)
241,754
2,347,859
(90,962)
(593,964)
1,662,933		 Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
-
-		 2023
Total
funds
£
823,437
1,282,668
2,106,105
1,699
264,675
266,374
(24,620)
241,754
2,347,859
(90,962)
(593,964)
1,662,933		 2022
Total
funds
£
838,703
1,162,186
2,000,889
333
257,318
257,651
(24,720)
232,931
2,233,820
(92,182)
(596,568)
1,545,070

The notes form part of these financial statements

Page 6

continued...

Bromsgrove United Charities

Balance Sheet - continued 31 December 2023



Notes
FUNDS
18
Unrestricted funds:
General fund
Land & Buildings
Cyclical Maintenance Fund
Extraordinary Repair Fund
TOTAL FUNDS		 2023
Total
funds
£
906,040
127,844
218,162
410,887
1,662,933		 2022
Total
funds
£
843,071
139,010
185,955
377,034
1,545,070

The financial statements were approved by the Board of Trustees and authorised for issue on 23 May 2024 and were signed on its behalf by:

Trustee

Trustee

Trustee

The notes form part of these financial statements

Page 7

Bromsgrove United Charities

Notes to the Financial Statements for the Year Ended 31 December 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

The format of these financial statements has been revised to comply with the Registered Social Landlords General Determination 2006 and the statement of accounting requirements for registered social landlords contained therein, and in accordance with the SORP: accounting by registered social housing providers 2014.

Financial reporting standard 102 - reduced disclosure exemptions

The charity has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the costs less estimated residual value of each asset over its estimated useful life :

Freehold Property - 2% on cost Fixtures & Fittings - 15% on reducing balance

Land is not depreciated

Taxation

The charity is exempt from 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.

continued...

Page 8

Bromsgrove United Charities

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

1. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Investments

Investments are stated at market value at the balance sheet date as provided by the investment broker. The Statement of Financial Activities includes the net gains and losses arising on revaluations and disposals throughout the year.

Extraordinary maintenance costs and reserves

The charity has established a regular programme of cyclical repairs and maintenance in accordance with the trust deed of the charity. Repairs are charged to the revenue account in the year in which they are incurred. The reserve represents the amounts set aside for cyclical maintenance.

2. INVESTMENT INCOME

3.

Rents received - net of costs
Dividend income
COIF deposit account income
Deposit account interest
INCOME FROM CHARITABLE ACTIVITIES
Activity
Social Housing Letting
Housing Activities		 2023
£
6,951
21,939
5,823
1,132
35,845
2023
£
285,194		 2022
£
7,798
21,855
1,591
111
31,355
2022
£
233,282

4. CHARITABLE ACTIVITIES COSTS

Housing Activities
5.
GRANTS PAYABLE
Housing Activities
The total grants paid to individuals during the year
Relief in Need
RIN Poor Widows		 Direct
Costs
£
269,879
was as follows:		 Grant
funding of
activities
(see note
5)
£
3,400
 Support
costs (see
note 6)
£
28,767
2023
£
3,400
2023
£
2,300
1,100
3,400		 Totals
£
302,046
2022
£
3,800
2022
£
2,500
1,300
3,800		 Totals
£
302,046
2022
£
3,800
2022
£
2,500
1,300
3,800
3,800

continued...

Page 9

Bromsgrove United Charities

Notes to the Financial Statements - continued

for the Year Ended 31 December 2023

6. SUPPORT COSTS

Management
£
Other resources expended
-
Housing Activities
28,767
28,767
Clerk to the trustees
Social Security
Pension
Treasurer's honorarium
7.
OTHER
Depreciation
Loss on sale of assets
Interest payable and similar charges
Support costs		 Governance
costs
£
7,128
-
7,128
2023
£
23,938
0
659
4,170
28,767
2023
£
12,832
339
9,570
7,128
29,869		 Totals
£
7,128
28,767
35,895
2022
£
21,764
335
2,562
3,882
28,543
2022
£
13,081
-
9,720
5,025
27,826

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.

9. STAFF COSTS

STAFF COSTS
Wages and salaries
Social security costs
Other pension costs		 2023
£
79,737
-
1,491
81,228		 2022
£
76,241
571
3,064
79,876

continued...

Page 10

Bromsgrove United Charities

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

9. STAFF COSTS - continued

The average monthly number of employees during the year was as follows:

Full time
Part time
Administrative - full time
Administrative - part time		 2023
2
5
1
1
9		 2022
2
5
1
1
9

No employees received emoluments in excess of £60,000.

10. TANGIBLE FIXED ASSETS

COST
At 1 January 2023
Additions
Disposals
At 31 December 2023
DEPRECIATION
At 1 January 2023
Charge for year
Eliminated on disposal
At 31 December 2023
NET BOOK VALUE
At 31 December 2023
At 31 December 2022		 Freehold
property
- PBC
£
636,961
-
-
636,961
71,497
2,010
-
73,507
563,454
565,464		 Freehold
Property
- KFC
£
611,715
-
-
611,715
349,418
11,760
-
361,178
250,537
262,297		 Fixtures
and
fittings
Totals
£
£
46,153
1,294,829
509
509
(469)
(469)
46,193
1,294,869
35,211
456,126
1,666
15,436
(130)
(130)
36,747
471,432
9,446
823,437
10,942
838,703

Included in cost or valuation of land and buildings is freehold land, of £560,200 (2022 - £560,200)

The charity owns certain freehold land and property in the Bromsgrove area. The land consists of :- (a) Land understood to comprise 3.777 acres at Bournheath which is tenanted (b) Kathleen Field Court comprising 19 self-contained units fronting to Churchfields Road, Bromsgrove together with 42 Churchfields Road, Bromsgrove. (c) Land which is understood to comprise 1.2 acres known as Phebe Bell Court, comprising 24 flats and 1 house at The Flats, Sidemoor, Bromsgrove. Deeds are not available for inspection in respect of certain properties referred to above, the only evidence of title consists of Orders of the Charity Commission including those dated 1st August 1982, which vested the title of Bromsgrove Consolidated Charities in the Official Custodian dated 25th April 1899, which described the property which at that date was vested in the Official Custodian in the schedule thereto, and the Order of Scheme.

continued...

Page 11

Bromsgrove United Charities

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

11. FIXED ASSET INVESTMENTS

MARKET VALUE
At 1 January 2023
Revaluations
At 31 December 2023
NET BOOK VALUE
At 31 December 2023
At 31 December 2022
There were no fixed asset investments outside the UK.
Cost or valuation at 31 December 2023 is represented by:		 Unlisted
investments
£
1,162,186
120,482
1,282,668
1,282,668
1,162,186
Unlisted
investments
£
Valuation in 2021 515,802
Valuation in 2022 (138,853)
Valuation in 2023 120,482
Cost 785,237
1,282,668

If fixed asset investments had not been revalued they would have been included at the following historical cost:

Cost

2023 2022
£ £
785,237 785,237

Fixed asset investments were valued on an open market basis on 31 December 2023 by CCLA Investment Management Limited.

At the year end the above investment comprised 1949.61 (2022 - 1949.61) COIF Accumulation Shares and 40270.30 COIF income shares (2022 - 40270.30).

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Prepayments and accrued income		 2023
£
1,130
569
1,699		 2022
£
-
333
333

continued...

Page 12

Bromsgrove United Charities

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
£
Other creditors
24,620
14.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023
£
Bank loans (see note 15)
90,962
15.
LOANS
An analysis of the maturity of loans is given below:
2023
£
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more than 5 years by instalment
90,962
16.
SECURED DEBTS
The following secured debts are included within creditors:
2023
£
Bank loans
90,962		 2022
£
24,720
2022
£
92,182
2022
£
92,182
2022
£
92,182

The loan is secured by a first legal charge over the properties concerned. The title deeds and documents are held by The Royal Bank of Scotland as administrators to Orchardbrook Limited (the lender) or by solicitors to Orchardbrook Limited's order.

17. ACCRUALS AND DEFERRED INCOME

Housing Association grant
18.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Land & Buildings
Cyclical Maintenance Fund
Extraordinary Repair Fund
TOTAL FUNDS		 At 1.1.23
£
843,071
139,010
185,955
377,034
1,545,070
1,545,070		 Net
movement
in funds
£
119,769
(11,166)
(2,993)
12,253
117,863
117,863		 2023
£
593,964
Transfers
between
funds
£
(56,800)
-
35,200
21,600
-
-

continued...

Page 13

Bromsgrove United Charities

Notes to the Financial Statements - continued

for the Year Ended 31 December 2023

18. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Land & Buildings
Cyclical Maintenance Fund
Extraordinary Repair Fund
TOTAL FUNDS		 Incoming
resources
£
317,858
-
10,148
1,290
329,296
329,296		 Resources
expended
£
(265,344)
(11,166)
(30,013)
(25,392)
(331,915)
(331,915)		 Gains and
Movement
losses
in funds
£
£
67,255
119,769
-
(11,166)
16,872
(2,993)
36,355
12,253
120,482
117,863
120,482
117,863

Comparatives for movement in funds

Unrestricted funds
General fund
Land & Buildings
Cyclical Maintenance Fund
Extraordinary Repair Fund
Restricted funds
Cyclical Maintenance Fund - Restricted
TOTAL FUNDS		 At 1.1.22
£
946,136
149,056
231,753
383,237
1,710,182
8,000
1,718,182		 Net
movement
in funds
£
(52,562)
(11,149)
(84,398)
(25,003)
(173,112)
-
(173,112)		 Transfers
between
funds
£
(50,503)
1,103
38,600
18,800
8,000
(8,000)
-		 At
31.12.22
£
843,071
139,010
185,955
377,034
1,545,070
-
1,545,070

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Land & Buildings
Cyclical Maintenance Fund
Extraordinary Repair Fund
TOTAL FUNDS		 Incoming
resources
£
263,859
1
486
11,291
275,637
275,637		 Resources
expended
£
(220,115)
(11,150)
(71,396)
(7,235)
(309,896)
(309,896)		 Gains and
Movement
losses
in funds
£
£
(96,306)
(52,562)
-
(11,149)
(13,488)
(84,398)
(29,059)
(25,003)
(138,853)
(173,112)
(138,853)
(173,112)

continued...

Page 14

Bromsgrove United Charities

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

18. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Land & Buildings
Cyclical Maintenance Fund
Extraordinary Repair Fund
Restricted funds
Cyclical Maintenance Fund - Restricted
TOTAL FUNDS		 At 1.1.22
£
946,136
149,056
231,753
383,237
1,710,182
8,000
1,718,182		 Net
movement
in funds
£
67,207
(22,315)
(87,391)
(12,750)
(55,249)
-
(55,249)		 Transfers
between
funds
£
(107,303)
1,103
73,800
40,400
8,000
(8,000)
-		 At
31.12.23
£
906,040
127,844
218,162
410,887
1,662,933
-
1,662,933

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Land & Buildings
Cyclical Maintenance Fund
Extraordinary Repair Fund
TOTAL FUNDS		 Incoming
resources
£
581,717
1
10,634
12,581
604,933
604,933		 Resources
expended
£
(485,459)
(22,316)
(101,409)
(32,627)
(641,811)
(641,811)		 Gains and
Movement
losses
in funds
£
£
(29,051)
67,207
-
(22,315)
3,384
(87,391)
7,296
(12,750)
(18,371)
(55,249)
(18,371)
(55,249)

19. CONTINGENT LIABILITIES

There were no known material contingent liabilities at the year end.

20.
CAPITAL COMMITMENTS
Contracted but not provided for in the financial statements		 2023
£
59,383		 2022
£
11,765

Page 15

continued...

Bromsgrove United Charities

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

21. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2023.

22. POST BALANCE SHEET EVENTS

There were no known material post balance sheet events.

Page 16

Bromsgrove United Charities

Detailed Statement of Financial Activities
for the year ended 31st December 2023
Incoming Resources from charitable activities
Residents Contributions
Donations
Dividends
Deposit account interest
COIF Interest
Sundry Income
Net rental income
Guest rooms etc
42 Churchfields Road
Other
Charitable Activities
Wages
Rates and water
Insurance
Light and heat
Relief in Need - Donations
Relief in Need - Poor Widows
Clerk to the Trustees
Honorarium
Telephone & postage
Subscriptions
Sundry expenses
Amenity Treats & Christmas
Alarm system maintenance
Property repairs & maintenance
Cleaning & window cleaner
Garden upkeep
Carried Forward		 2023
2022
176,423
144,614
8,000
5,500
-
-
422
75
-
-
257
-
25
-
-
-
-
-
185,127
150,189
29,840
29,403
5,097
4,883
3,618
3,545
39,665
22,268
-
-
-
-
12,298
12,331
2,085
1,941
2,999
2,261
900
807
1,093
1,138
725
916
6,586
6,932
58,384
19,161
5,081
4,758
3,945
3,806
172,316
114,150
12,811
92,418
PHEBE BELL COURT		 2023
2022
108,771
88,668
-
5,500
21,939
21,855
710
36
5,823
1,591
-
-
-
160
6,622
7,334
304
304
144,169
125,448
26,791
25,812
3,193
2,869
1,980
1,601
36,879
17,518
2,300
2,500
1,100
1,300
12,299
12,330
2,085
1,941
1,547
1,479
-
-
651
888
810
969
6,494
4,011
27,326
88,867
3,433
3,038
2,842
2,797
129,730
167,920
14,439
(42,472)
KATHLEEN FIELD COURT		 2023
2022
285,194
233,282
8,000
11,000
21,939
21,855
1,132
111
5,823
1,591
257
-
25
160
6,622
7,334
304
304
329,296
275,637
56,631
55,215
8,290
7,752
5,598
5,146
76,544
39,786
2,300
2,500
1,100
1,300
24,597
24,661
4,170
3,882
4,546
3,740
900
807
1,744
2,026
1,535
1,885
13,080
10,943
85,710
108,028
8,514
7,796
6,787
6,603
302,046
282,070
27,250
(6,433)
TOTALS
2023
176,423
8,000
-
422
-
257
25
-
-
185,127
29,840
5,097
3,618
39,665
-
-
12,298
2,085
2,999
900
1,093
725
6,586
58,384
5,081
3,945
172,316
12,811		 2023
108,771
-
21,939
710
5,823
-
-
6,622
304
144,169
26,791
3,193
1,980
36,879
2,300
1,100
12,299
2,085
1,547
-
651
810
6,494
27,326
3,433
2,842
129,730
14,439

This page does not form part of the statutory financial statements

Page 17

Bromsgrove United Charities

Bromsgrove United Charities
Detailed Statement of Financial Activities (cont)
for the year ended 31st December 2023
Brought forward
Governance Costs
Professional fees
Auditors' remuneration
Accountancy Fees
Other resources expended
Loss on disposal of assets
Bank charges
Loan interest
Profit/(loss) on sale of investments
Profit/(loss) on
COIF - ERF
COIF -CMF
COIF - General
NET MOVEMENT IN FUNDS
NET INCOMING/(OUTGOING) RESOURCES
Investment valuation changes
Depreciation of tangible fixed assets
Payroll charges		 2023
2022
12,811
92,418
448
893
-
1,248
1,530
-
309
309
2,287
2,450
2,946
3,081
339
-
-
30
9,387
9,506
12,672
12,617
-
-
(2,148)
20,972
20,350
(16,591)
9,097
(4,952)
33,627
(48,153)
63,074
(69,696)
60,926
(48,724)
PHEBE BELL COURT		 2023
2022
14,439
(42,472)
2,774
508
-
1,758
1,758
-
309
309
4,841
2,575
9,886
10,000
183
184
-
-
10,069
10,184
-
-
(471)
(55,231)
16,005
(12,468)
7,775
(8,536)
33,628
(48,153)
57,408
(69,157)
56,937
(124,388)
KATHLEEN FIELD COURT		 2023
2022
27,250
(6,433)
3,222
1,401
-
3,006
3,288
-
618
618
7,128
5,025
12,832
13,081
339
-
183
214
9,387
9,506
22,741
22,801
-
-
(2,619)
(34,259)
36,355
(29,059)
16,872
(13,488)
67,255
(96,306)
120,482
(138,853)
117,863
(173,112)
TOTALS
2023
12,811
448
-
1,530
309
2,287
2,946
339
-
9,387
12,672
-
(2,148)
20,350
9,097
33,627
63,074
60,926		 2023
14,439
2,774
-
1,758
309
4,841
9,886
183
-
10,069
-
(471)
16,005
7,775
33,628
57,408
56,937


This page does not form part of the statutory financial statements

Page 18