Chari number.. 208722 THE BENEVOLENT SOCIETY UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
The Benevolent Society CONTENTS Reference and administrative details of the chanty. its Iruslees and advisers Trustees, report Independent examinerfs report Slalemenl of ffin8ncial 8¢bvrfi&s Balance sheet Notes lo the financial stst$ment$ 8-15
The Benevolent Society REFERENCE ANO AOMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees Ms G Penfold, ChaimMn Mr G Wroe, Treasuref Mrs M Brennan. Trustee Mr H Skouby, Trustee Ms M Hawkins, Trustee Ms S Jordan. Trustee lappointetl 7th March 20241 Mr T Green, Trustee (resigned 12th Decernber 20241 Mr J Ansell. Trustee Iresigned 8th September 20241 Charlty r•gl8t•r•d nUmr 208722 Prlnclpal office Federation House, 10 Vyse Slreet, Birningham. B18 6LT Socrtrtsry to lh¢ Tru8ts•8 Mrs L B Banner Ind•p•nd•nt Examln•r Crowe U.K. LLP Chartered Accountants Black Country House Rounds Green Road Oldbury West Midlands B69 2DG Page 1
The Benevolent Society TRUSTEE'S REPORT FOR THE YEAR ENDED 31ST DECEMBER 2024 The Trustees present their 8nnual report together wth the finan(x81 stslements for Ihe year 1 January 2024 to 31 December 2024. Oblectlves and Actlvltles a. Pollelès and oblèctlvès The principal objective of the society is lo assisl financialty persons. or their dependants. working, or previously having worked in the trades embraced by the British Allied Trades Federation and are in onditions ol need. To sUPPQrt education and trainin9 by providing for bursaries gr other financi81 SUPPOrt to those working or intending to work in the Irade5. To execule this policy, the Society is dependent upon income from subscriptions from menknrs of the British Allied Trades Federation. from donatsons, from events and from its inveslments. b. Aetlvltl•8 for aehlovlng obl•¢tlv•s In setting the Charity's policy and planning its activities. The Trustees confiTh that they have complied with the duty in Section 17151 of the Charities Acl 2011 to have due regard to the Charity Commissioners general guidance on publbc benefit in exercising Iheir powers or duts"es. Aehl•v•mants and pèrfoman a. Revlw of acllvlll¢8 The accounts Iof the year ended 31 December 2024 show net outgoing resources of £73,849 which includès net outgoing r8sour¢es in unrèstricted fund$ of £73.849, and nèt incoming rèsource in restricted funds of £NIL. This is against a projected net loss of £82.850.The inve5trnenls generated an income of £28.466 during the year. The market value of our inveslments is £910.385. The Trustee5 continued to be diligent in deciding upon grants made to individuals but were sts'll able to awar(J the sum of £59,370 to 43 needy beneficiaries. One off grants totalling £20,071 were awarded to indiwduals for essenbal expenseslpurchases such as white goods, a staidrft and necessary home repairs. Without these grants, the individuals wouldn't have been able lo afford th¥se e$s&ntial items. £59,370 was paid in regular grants io beneficiaries to help towards iheir essenbal day to day living costs wher8 there Is 8 shortfall belween their incom8 and essenb.al expenditure. The Society is exlremety grateful for the generous don8b.ons rNqde by mefflbers of Ihe British Allied Trades Federats'on totalling £20.220. The 2024 Christmas Ball was successfulty held at The Grand Hotel. Bimingham, making a net income of £32.682. Plans are undetway for the 2025 Christma5 ball which wll be held at the same venue on 4th Decernber. b. Investment policy and performance The Trustees aim to maintain reserves at a level sufficient to meet the needs of its beneficiaries. They are conscious th81 their Investment Policy musl be directed t¢)wards maintaining the re81 value of investments to produce income for prospective frjlvre beneficiaries as well as current beneficiaries. Page 2
The Benevolent Society TRUSTEE'S REPORT FOR THE YEAR ENDED 31ST DECEMBER 2024 b. Investment policy and performance l¢ontinuedl The Society's investment portfolio is enbrety invested in a range of Common InveStnt Funds, Government stocks and specialist Unrt Trusts and is structured to meèt the Trustees. objectives in terms of income and risk. The 5Ultabilty and performance of the investments is remewed regularfy by the Trustees and by a leading fi of investrnent managers. Flnancial revSew a. Reserves pollcy The trustees retain a sufficient level of reseryes to cover any payrrnts vthich may become due necessary to give the society flexibilty in carying out ils objectives. At the year end the society had unrestricted reserves of £958.27312023.' £970,929) and regtricled reseNes of £nil12023'. £NILI. b. Futuro d•v•lopmént8 The society's plans ltsr the futu ar& lo ¢onlinu¢ lo provide grant$ and bursaries lo worthy indivitluals. Structure, governan and managemont Constitutlon The Benevolent SocAety is constituted by a Trust Deed made on 16 June 2018 and is a registered charity. The charlty 5$ ¢ontrolld by ts goveming do¢um8nt, a of trust, and wi$lltut&s an unin¢orporaled charity. b. Method of appolntment or electlon of Tru$tee¥ The management of the chanty Is the rosponsi11fy of the Tru$t8es who aro olected and ¢0 opted undtrr the terms of the Trust deed. c. Rl8k m¥nagemenl The Trustees did not carry out a formal assessment of the risks to whh the Society is subject durfng the y6ar as rt was that nothing had eh8ngÈd since thèir previous ri$k assessmènt where thèy found no signifiunt risks. A review ol the exisling risk assessmenl is planned for May 2025. They reaffirmed their slralegy with regard to investrrents in the light of current market condition5. Sponsors The Society would like to thank our sponsors for their support land whilst these are many). the principal ones are, Assay Office Birmingham. Charfes Green & Son. Cooksongold. Diamonds Please. Beaverbrooks, H¢xkley Mint. T H March & Co Ltd. H S Walsh & Sons Ltd and Weston Beamor Lld. The Trustees would also like to thank the Board of Directors of the Federab"on and the trade associations of the Britj'sh Allied Trade5 Federation foi their suppgrt throughout the year. Burnarie8 Bursaries to the total value of £81,998, were awarded to students in 2024, to enable them to benefit from various courses in the Jewellery, Grftware and Surface Engineenng industnes. The bursaries were awarded as a resutt of a Change to Ihe Society'5 9bjecD'ves in 2016. to support indiwduals beginning their caerS as well as following their careers within the industries. Furiher bursaries will be available for 2025. Page 3
The Benevolent Society TRUSTEE'S REPORT FOR THE YEAR ENDED 31ST DECEMBER 2024 Relationship with British Allied Trad Federation The Society assists those who used to be employed in trades embraced by the Bribsh Allied Trades Fedeiation. The Trustees appreciate Ihe support and b"mÈ given by membefs of Ihè Ball Committeè and the trernendous help received from 811 rnembers of staff of the Federation. ConsultontslAc¢ountant Once again, the Trustees would like to Cold their gratiiude to our consultant, Sue Allcock, to the accountant for the year ending 31st December 2024, Louise Ha(Jfield, lo the Independent Ex4mintrr for the year ending 31st December 2024. Crowe U.K. LLP and Secrelary. Laur8 Banner for their enthusiastic support throughoul the year. New Tru8tee8 The Society is looking for people that can give their lirne and expertise to becorre J Trustee for Ih Society. This report was approved by the Trustees on 2411012025 and signed on their behalf by.. It.SkoMb H.Sk()uby Iocl 24, 202.5 12..22'.00 GMT+ll Mr H•nrlk Skouby, Tr•a8urnr Page 4
The Benevolent Society INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31ST DECEMBER 2024 Independgnt Exarniner'¥ Report to the Trustees of The Benevolent Society I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 Decernbèr 2024. R•sponslbllltl•s and Basls of Rèport As the Trustees of the charity you are responsible for the preparation of the accA)unts in accordance with the requirements of the Charities Act 2011 'the 2011 Act'i. I report in respect of my examination of the chanty's accounts carried out under section 145 of the 2011 Act and in carying out my examination I have followed ihe applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Ind•p•ndènt Examln•r's Stat•m•nt Your attention is drawn to the fact that the charity ha8 prepared ihe accounts in accordance with Accounting and Reporting by Charities.. Statement ol Recommended Practice applicable lo charities prepanng their accounts in accordance with the Finanaal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference lo the Accountin9 and Reporting by Charities.. Slaternent ol Recomrnended Prac'ce issued on 1 April 21x15 which is referred lo in the extant regulations but has been withdrawn. l understand that this has been done in order for the a¢count$ to provide a true and fair vlew In accordance wth the Generally Accepled Accounting Practice effecbve for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to ny attentlon in ¢onn8ctlon with Ihtr &xamin81ion giving m& Cause lo believe th81 in any maierial respect.. 1. accounling records were not kept in respect of the charity as required by section 130 of the 2011 Act., or 2. Ihe accounls do nol accord wrth those records.. or 3. the aeeounts do not comply wilh thè applicable requifemenls ¢oncerning the fom 8n¢J conlent of accounts set out in the Chanlies (Accounts and Reportsl Regulations 2008 other than any requirement Ihat the accounts give a 'true and fair, view which is not a matter considered as part of an independent examinats"on. I have no concerns and have come across no other rn8lters in connection wth the exarnin8tion I which altenlion should be drawn in this report in order to enable a proper undefstanding of Ihe accounts to be reached. Signed.. Dated.. 2911012025 Matt Doyle-Healey FCCA Crowe U.K. LLP Charte Accountants Black Country House Rounds Green Road Oldbury West Midlands 869 2DG Page 5
The Benevolent Society STATEMENT OF FINANCIAL ACTIVITIES Ilncorporating Income and Expenditu Accountl FOR THE YEAR ENDED 31ST DECEMBER 2024 unrtricted fund¥ Re¥tri¢ted fund¥ Total funds Total 2024 2024 2024 As fftstated 2023 Notè Incomè from.. Subs¢riplion$, donations and legacies Other trading activities Investrnents Total Ineom• 53.597 53.597 32,419 65,011 65,011 54,256 30. 126 176,801 147 074 147 074 Exp8ndltur• on.. R8ising funds.. Investment management fees Charitable activities Totsl expendlture 5,307 5,307 5,369 215616 220 923 215 616 220 923 187. 66Q 193.029 N•t proflUI10•81 b•lor• Inv•8tm•nt galn8 Net gainslllossesl on investments N•t Incomè bèfor• Olh¢r rècognl#•d g•in$ ond loase# 173,8491 {73,8491 176,2281 12 61,193 61,193 2T, 605 112,6561 112,6561 148,625) Net movement In fund¥ 112.6561 112.6561 (48,623) R•coneiliation of funds= Totsl funds brought fOard Total fund$ carri•d forward 970.929 970.929 1,019.552 958,273 958,273 970.929 All actiwties relate to continuing tspèrations. The Statement of Finanual Activities indudes all gains and losses recognised in the period. The notes on pages 8 to 15 lom part of these finanaal staten*nts. Page 6
The Benevolent Society BALANCE SHEET AS AT 31ST DECEMBER 2024 2024 2023 Note Fixed a¥89ts Investments 12 910,385 904.563 Currgnt a¥¥gt¥ Debtors 13 64,463 32.314 Cash at bank and in hand 44, 389 74,260 76. 703 Creditors.. amounts fallin9 due within one year 14 26.372 10, 337 Net current a88ets 66,366 Net 488•t• 958 273 970.929 Chorbty Fund• Restricted funds Unrestricted funds 16 16 958 273 970.929 Totsl fund• 958 273 970.929 The financial statements were approved by the Tru$iee$ on 241ionois behalf, by., and signed on Ih&if It.SkoMb H.Skouby Ioct 24. 2025 12..22 1'.11-UT- II Mr Henrlk Skouby, Treasurer The notes on pages 8 to 15 lorm part of these finanrial stateTh*nts. Page 7
The Benevolent Society NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 Accountlng Pollcles 1.1 Legal ststus of the Charity The Benevolent Society is a charity consts"tuted by a Deed of Trust in England, whose principal office is Federation House. 10 Vyse Street. Birmingham. B18 6LT. It ha5 no share c8Pit81. Its principal activity is to as51St financially persons. or their dependants. working or previousty having worked in the trades embraced by the British lled Tiades Federation. 1.2 Basls ol preparaOn of Ilnanclal statements The financial statements have been prepared under the historical o)st convention wth iterns recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accortJance with the Statement of Recommended Practi¢e." Accountsng and Reportin9 ty Chaiits'es prèparing thèir accounts in accordance with the Financi81 Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014 (effective 1 January 20191 and Financial Reporting Standard applicable in the Uniled Kingdom and Republic of Ireland IFRS 1021 and Charities Act 2011. The 8$nevolenl So¢i$ty ¢on$lilute$ a publi¢ benefrt entity as ¢J&fin$d by FRS 102. 1.3 Fund accounllng General lunds are unrèstricled fund$ which are availabl• for us• at thè discr•llon of the Trustees in furtherance of the general objectives ol the charity and which have not been designated for other purposes. Restricted funds are lunds which are to be used in accordance wth specific restrictions imposed by donors or vthi¢h have been r8ised by the Chaiity for particular purptsses. The costs of raising and administering such funds are charged against Ihe specific fund. The time and use of each restricted fund is set out in the notes to the financial statements. 1.4 Income All income is recognised once Ihe ¢harty has efttrfemenl to Ihe in¢on*. it is probable that the income wll be received. and the amount of incoffe receivable can be measured reliabty. Forlegaeies. èntitlèment is takèn as the è8rfier of thè dale on which èither." tho Charity is awar& Ih8t probate has been granted. the eslale has been fin81ised an(J notific3lion h85 been made by the executorls) to the Trust thal a dIstriblon will be made. or when a distribution is received from the estate. Receipt ol a legacy. in whole or in part. is only considered probable when the amount can be measured reliably, and the charrty has been notified of the executors intents.on lo make a distribution. Where legacie5 have been nOtid to the tharity. or the Gharity 15 aware of the granling of probate. and the crrteria for income recognition have not been met. then the legacy is treated as a contsngent assel and disdosed il malerial. Income tax recoverable In relation lo donalions received under Gth or deeds of covenant is recognised al the time ol the donation. Income tax recoverable in relation lo investrnenl income is recognised at the time the investment income is receivable. Page 8
The Benevolent Society NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 Accountlng Pollcles Icontlnuedl 1.5 Expenditure EXpendrtU is recognised once there is a legal of constwctive tsbligats.on to transfer economic benefit to a third party. it is probable that a transfer of economic benefits wll be required in settlement and the amounl of the obligation can be ffeasured reliably. Expenditure is classified by aclivily. The costs of each activity are made up of the lolal of direct costs and shared costs. including support costs Involved in underlaking each activity. Oirect costs attributable to a single 8¢1ivity 8re 811o¢#ted directty lo th81 activty. Grants payable 8re ¢h8rged in the year vAn the offer is mad&. 1.6 Inve8tment• Fixed asset investrnenls are a form of financial inslnjmenl and are initially recognised al their transaction cost and subsequentty measured al fair value at the Balance sheet date, unless fair value cannot be measured reliably in which case il is measured al cost less impaimient. Investment gains and losses, whether realised or unrealised, are combined and shown in the headin9'G8inslllosse$l on investrrenls. in the Slalemenl of financial 8clivilies. 1.7 Inter•8t r¢¢trlv•bltr Interest on funds held on deposit is induded when receivable and the amount Can be measured reliably by the ¢h¥rity", Ihis is normally upon nob"fi¢albon of th$ int&rest paid or payablè by ¢h& Bank. 1.8 Debtor¥ Trade and other debtors are reco9nised al the settlement amount after any trade discount offered. Prepaymtrnts are valued 81 the amounl nel of •ny trad& discL)unls due. 1.9 Cash at Bank and In hand Cash al bank and in hand Includes cash and short temi highly liquid investments wth a short maturity ol thr& monlhs or le$$ from the date of 8¢qui$ibon oi opening of the deposrt or $imil8r account. 1.10 Llabllltles and provlslon¥ Liabilities are recognised when th6r¥ 1$ an obligation at thè Bal8nc8 shèat date as a result of a past event. il is probable Ihat a Iransler of economic benefit will be required in settlement. and the amounl of tre settlement can be estimated reliably. Liabilities Jre recognised at the amount that the charity anticipates il will pay lo sellle Ihe debt or the amount rt has ceiVed as advanced payments for the goods or services rt must prowde. Prowsions are measured at the best estimate of the amounts required to settle the obligation. Where the effed of the tirwie v81ue of money is tnaterial, the provision is based on Ihe present value of Ih05e amounts. discounted at the pre tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is fecognised within interest payable and similar charges. 1.11 Flnanclal Instruments The charity only has financial assets and finanrial liabilibes of a kind that qualify a5 basic financial instruments. Basic financial instnjments a initially recognised at transacl'on value and subsequentty at their settlement value at the balance sheet date. Page 9
The 88nevol8nt Socl NOTES TO THE FINANCIAL STATEMENTS FOR The YEAR ENDED 31ST DECEMBER 2024 Accountlng PolIc$ Icontlnuedl 1.12 Critlcal accounting estimatss and arnas of judgement E51irnaie5 and judgements are conlinualty evaluald and a based M h6tori¢•l experienee and other fathots. including expeLlalion5 of future even15 Ihat are belwd to be reasonabk underlhe tsrGum$tsnrEs. The company ha5 not made any accounliry e5bmate5 or assumption5. 1.13 Golng Concem The Tiuslees believe that there are no material uncertsin$ th call into doubl the Charity's abilityto continue ¥$ a going concern and Ihe ac¢wnts have therefore been prepartrj on IIE gn9 nr basLS. 1.14 Prfor year adlustsn8nt A prior year adiuslmerit was mad& gross up ball ifi¢•me (wts. and other evert intxne and co$ts. which were previously netled. This Increased both incorne ar expenditure by £24,527 for the year ended 31 December 2023. Comparative5 have restated." fundraising income from £29,72910 £54.2 and ball and other event costs frorn £NIL lo £24,527. There ¥we no changes lo year end reseNes. 2. Income from 8ub8crlpoTr5, donatlon8 and ¢008 Vnmlrfcw Restrfetad nds nd8 Totsl funds Total lund5 A5 rnStat•d 2023 2024 2024 2024 From Mbern and 8ssoaat memt¢r8 ol BATF Brili$h Allied Trade$ Federation The GfftWo A$$oo81i¢n Gold$milh$ Lega¢ie$ Various donaiiort$ Totsl don¥iion• •nd hg•¢l•• 20,220 1.860 15S 25,000 20,220 1,860 156 25,000 500 21.492 4.490 t.570 4.867 In 2024, of the lelal incom8 from donations aThJ c. £53.597 wa5 to unrestricted funds12023. £32,419) and £NIL was lo restricted funds12023.. £NILI 3. Fundr31slng Incomo Unrn8trlcted Restslcted fvnd¥ lund Total Total lund5 As sEted 2023 2024 2024 2024 58.256 58,256 51,749 2.507 Fundraising Meal Total furbdralslng Income In 2024, of the total Income from othertrading a(ANit$. £65.011 was to unrestricled fut)ds12023. £54.25el and £NIL was lo reslricted fur$(2023 £NILI. Ther? has en an adjustment lo Ihe prN ar comparalNes to gross up ball inojme and costs. which historalty net off against each other. There has been no overall charwJe tothe reseryes at the year end 31 DeMber 2023. Note". the above aGbvitie5 are mostty undertaken byslaff arKI mernber5 of Btilish Trle5 FeratiOn forthe 5pecrf t)enefrt ofthe ety. P*Je 10
The Benevolent Society NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 Investment income Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Tol81 funds 2023 Dividends and InteSt receivable. 30. 126 Total Invéstmènt Incom• 30 126 In 2024, of the total inveslrrent income. £28.46612023' £30.126I was lo unreslricted funds and £NIL 12023.. £Nill was to restncted funds. Dlroet eo8t8 Unr•strl¢t•d funds Ro•tri¢t•d funds Totsl Total As re$18t8d 2023 2024 2024 2024 Bursaries Grants to beneficiaries Hardship Fund 81.998 59.370 81.998 59.370 7.300 25.574 20.033 1.748 43,300 63,547 33, 750 22.655 7,872 25.574 20.033 1,748 Other events Other Total dlr•ct eO8t8 196 023 165 924 43 individuals benefited from grants made in 202412023.. 371 amounting to £66,67012023'. £97,297). There has been an adjusiment to the prior year comparalives to gross up ball Income and costs, which were histoncally net off against each tsther. There has been no overall change to the reseNès 81 the year end 31 December 2023. Page 11
The Benevolent Society NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 6. Support ¢oBts Unrestricted funds 2024 Restricted funds 2024 Total 2024 Total 2023 Secretarial fees Event organisers Visiting fees Insurance Marketing Printsng and stationery Mis¢¥llane¢us 7,500 904 4.588 1,660 1,950 7,428 4.588 1.639 4,588 1,950 555 555 3,967 Total oupport co•t• 7. Governanc? costs Unrnstdct•d funds 2024 RMtrlet•d funds 2024 Tol81 nds 2023 Total 2024 Independent examination fee Meeting expenstrs 1,860 573 1,660 573 7,990 624 Total governance costs 8. AnalyBIB ol resources expended by expendlture type Other costs Total As restated 2023 2024 Expènditure on investment management 6.307 5,369 C08t of generatlng funds 5,307 5.369 Direct and support costs Expendituie on 9ovemance 213,183 2,433 185.Q46 2.614 Total expenditure 220 923 193 029 Page 12
The Benevolent Society NOTES TO THE FINANCiAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 9. Net Incomlng re$our¢esl Iresources expended) During the year. no Trustees ceIve(l any muneratiOn12023." £NILI. During the year. no Trustee5 1ved any benefits In kind12023 £NILI. During the year 2024. 1 Trustee rer£ived £514 in reirnbursement oftravel costs to meetings12023.. £4881. 10. Independent Examlneffs ltmunerdon The Independent Ex3minerf5 remuneration amount5 to £1,55012023". £1,659> 11. Stsff co8ts The charity ha¥ no employees otherthan the Tntstee5, did not recei¥e any remunerafr'on12023 £NILI. 12. Flxed Agsets Llltod 8•curftle8 2024 Markèt Valu• At 1st January 2023 Adiyitions Disposals Net mov•m•nts in eash Net gainlllossl on investmtnts 904,S83 167,1891 1,798 At 31st Oecernber 2024 910 385 Hi¥lori¢ cost Inveslrnents at mawket valuo compr5Bè- UK Overseas 2024 2023 Listed inveslrnents 436 769 473.616 910 38$ 904.653 13. D•btorn- amounts falling du• in on• y•ar 2024 2023 Bntish All Trade5 Fe(Serabon Other debtor5 Prepayrnents and a¢rJued income 46,466 200 22,337 2(KJ 9, 777 Totsl debtors Page13
The Benevoknt Society NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 14. Creditorn-. Amounts falling duo within one yoar 2024 2023 Other creditors 26.372 10,337 Total creditord 2024 2023 Delerrecj income at 1 January 2024 Resources delerred in the year Amounts reknased Ircm prewous periods 0.239 7.416 16.2391 4.675 6.239 14.6751 Dgfgrrgd In¢omg ot 31 Dg¢•mbgr 2024 7.416 6.239 15 Stst•m•nt ol fund8 Currnnt Y•ar Brought forw•rd 2023 Galn Carrf•d forwgrd 2024 In¢om• 2024 exp•ndfjtuM 2024 2024 Unre8trlcted lund8 Ger*ral fund$- all fund$ 970.929 147.074 1220.9231 61,193 958.273 Total fundJ 970,929 147,074 1220,9231 61,193 968,273 Prlor Year Brought fo1£1 Gwn fk)ss6s) Cgrried AS fgstatod 2023 As r&slaled 2033 2022 2023 2023 Unrestricted funds Gereral ftJnds- all funds 1.019,552 116.801 193,029 27.605 9T0,929 Total funds 1,019,552 92.274 1168,5021 27.605 970,929 Page 14
The Benevolent Society NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 16. Analy¥i¥ of ngt a¥8ets betsgen fund¥ Unrestricted funds Restricted funds Total funds Total As reslated 2023 2024 2024 2024 Fixed assèt invèstments Current assets Creditors due wthin one year 910,38S 74,260 126.372} 910.385 74,260 126,3721 904,563 76, 703 {10.337J 958.273 958,273 970.929 17. R•lat•d pabty tran8actlon8 British Allied Trades Federation provides accountancy adminislralion to The Benevolent Society. During the year British Allied Trades Federation donated £1.860 to The Benevolent Society12023". £4.4901. British Allied Tr8de$ Federalion also provided 8 £10,000 Sponsorship Iow8rds the b811 in the year. Al the year end outstanding debtors comprised £46.45612023.' £22.337). Page 15