REGISTERED CHARITY NUMBER: 211188
THE FOREBRIDGE CHARITY
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Deans
Chartered Accountants Gibson House Hurricane Court Stafford ST16 1GZ
THE FOREBRIDGE CHARITY REGISTERED CHARITY NO: 211188
INDEX
| 3 | Independent Examiner's Report |
|---|---|
| 4 | Income and Expenditure Account |
| 5 | Statement of Assets and Liabilities |
| 6‐7 | Notes to the Accounts |
2
THE FOREBRIDGE CHARITY REGISTERED CHARITY NO: 211188
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE FOREBRIDGE CHARITY
I report to the trustees on my examination of the accounts of the Forebridge Charity 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 Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
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 Charity as required by section 130 of the Act;
-
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.
Gareth Jones DEANS Chartered Accountants Hurricane Court Hurricane Close Stafford ST16 1GZ
Date
3
THE FOREBRIDGE CHARITY REGISTERED CHARITY NO: 211188
INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023
| Contributions receivable Income from investments M&G Income shares Interest Sundry income Total income Less expenses: Property Electricity Water and rates Insurance General repairs/maintenance Administration: Accountancy fee Clerks Remuneration Postage Subscriptions Christmas gifts Total expenses Net surplus/(Defecit) before transfers Less: Transferred to Cyclical Maintenance Fund Income over expenditure/(expenditure over income) |
General Fund CMF Total 24,960 ‐ 24,960 1,037 ‐ 1,037 ‐ 494 494 50 ‐ 50 26,047 494 26,541 238 ‐ 238 1,016 ‐ 1,016 1,111 ‐ 1,111 5,337 5,933 11,270 1,056 ‐ 1,056 3,846 ‐ 3,846 50 ‐ 50 226 ‐ 226 480 ‐ 480 13,360 5,933 19,293 12,687 (5,439) 7,248 (21,032) 21,032 ‐ (8,345) 15,593 7,248 2023 |
2022 |
|---|---|---|
| General Fund CMF Total 24,960 ‐ 24,960 956 ‐ 956 ‐ 41 41 ‐ ‐ ‐ |
||
| 25,916 41 25,957 199 ‐ 199 1,121 ‐ 1,121 1,116 ‐ 1,116 2,441 8,892 11,333 994 ‐ 994 3,734 ‐ 3,734 50 ‐ 50 217 ‐ 217 480 ‐ 480 |
||
| 10,352 8,892 19,244 |
||
| 15,564 (8,851) 6,713 (7,184) 7,184 ‐ |
||
| 8,380 (1,667) 6,713 |
Approved by the Trustees on and signed on their behalf
…………………………………………………………………………………..
J Langford
4
THE FOREBRIDGE CHARITY REGISTERED CHARITY NO: 211188
STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2023
| Note Freehold Property at valuation 1&2 Investments in the Hands of the Official Custodian for Charities at Valuation 3 Accumulation Shares in M&G Income Shares in M&G Balances at Bank and Building Society Stafford Railway Building Society 4 Barclays Bank Current Account 5 Debtors and Prepayments 5 Creditors and accruals 5 |
£ £ 249,600 220,593 24,522 245,115 28,386 10,194 38,580 529 529 (875) 38,234 532,949 2023 |
£ £ 249,600 207,697 24,110 231,807 12,793 18,432 31,225 582 582 (821) 30,986 512,393 2022 |
£ £ 249,600 207,697 24,110 231,807 12,793 18,432 31,225 582 582 (821) 30,986 512,393 2022 |
|---|---|---|---|
| 512,393 |
5
THE FOREBRIDGE CHARITY REGISTERED CHARITY NO: 211188
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
| 1 Freehold Property 2 Revaluation Reserve 3 Extraordinary Repair Fund As at 1 January 2023 Valuation gain/(loss) in the year As at 31 December 2023 4 Cyclical Maintenance Fund As at 1 January 2023 Transfer from Income & Expenditure Accounts Interest Expenditure during the year As at 31 December 2023 5 General Fund As at 1 January 2023 Income over expenditure/ (expenditure over income) Cash at Bank Debtors and prepayments Creditors and accruals As at 31 December 2023 |
2023 £ 249,600 198,216 231,807 13,308 245,115 12,793 21,032 494 (5,933) 28,386 18,193 (8,345) 9,848 10,194 529 (875) 9,848 |
2022 £ 249,600 |
|---|---|---|
| 198,216 | ||
| 224,862 6,945 |
||
| 231,807 | ||
| 14,460 7,184 41 (8,892) |
||
| 12,793 | ||
| 9,813 8,380 |
||
| 18,193 | ||
| 18,432 582 (821) |
||
| 18,193 |
An adjustment has been made in this note to remove the property cost of £51,384 (2022 ‐ £51,384) from the General Fund. The comparative note has also been adjusted.
6
THE FOREBRIDGE CHARITY
REGISTERED CHARITY NO: 211188
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
6 Shares in M&G
| Shares in M&G | ||||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| No. | Cost | Mkt. Value | No. | Cost | Mkt. Value | |
| £ | £ | £ | £ | |||
| Accumulation Shares in M&G | 1,968 | 31,524 | 220,592 | 1,968 | 31,524 | 207,697 |
| Income Shares in M&G | 27,301 | 13,594 | 24,523 | 27,301 | 13,594 | 24,110 |
| 45,118 | 245,115 | 45,118 | 231,807 |
- 7 The accounts have been prepared on an accruals basis and with property and investment valued at a market valuation.
7