STURGE FLATS CHARITABLE TRUST
Trustees Alison R Ironside Michael W Sturge (Chair) Anne Ullathorne
Managing Agents Bournville Village Trust
Bankers Charities Aid Foundation Charity Commission Reference No 219780
Trustees’ Report for the year ended 31 March 2024
The Trustees provide tenancies in the Selly Oak/Bournville district of Birmingham. In accordance with the Deed of Trust of 30 July 1949, the Trustees give priority in the allocation of tenancies to older people, with a preference to those associated with the Religious Society of Friends.
At 31 March 2024 the Trust provided 4 tenancies in 2 leasehold properties and 2 tenancies in 1 freehold property.
A surplus of £31,042 (2023: surplus of £30,980) on the General Fund account was achieved in the year. The market value of investments increased over the 12 months by £21,576 (2023: decrease of £32,729). These movements resulted in the balance on the General Fund of £652,461 at 31 March 2023 increasing to £705,079 at 31 March 2024.
All the properties meet the Government’s Decent Homes Standard.
The Trustees review the principal risks affecting the Trust on an annual basis.
The Trustees are considering the future of the Trust following the reversion of the 2 leasehold properties to Bournville Village Trust in June 2024.
We are grateful to Keith Barnes for agreeing to act as Independent Examiner.
Michael W Sturge Chair
9 July 2024
STURGE FLATS CHARITABLE TRUST
(Registered Charity Number 219780)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
| - Note Rents 5 Dividends and Interest Received TOTAL INCOMING RESOURCES RESOURCES EXPENDED Charitable Activities: Support Costs 6 Management Costs 7 Trustees' Expenses NET INCOMING RESOURCES Unrealised Gain/(Loss) on Investments 3 Amortisation of Leasehold Property NET MOVEMENT IN FUNDS FUND BALANCE AT 1 APRIL FUND BALANCE AT 31 MARCH |
Total Total 2023/24 £ 2022/23 £ 17,243 24,745 26,798 24,201 |
|---|---|
| 44,041 48,946 |
|
| 9,920 13,579 3,079 3,387 - - |
|
| 12,999 16,966 |
|
| 31,042 31,980 21,576 (32,729) - (12,973) |
|
| 52,618 (13,722) 652,461 666,183 |
|
| 705,079 652,461 |
1
sruRGE FLATS CHARrrABLE TRUST Registered Charity Number 219780 REPORT OF THE INDEPENDENT EXAMINER FOR THE YEAR ENDED 31" MARCH 2024 I report to the charity trustees on the accounts of the Charty for the year ended 31 March 2024. Respectlve reSpSIbIlI11es ofirustees examlner As the charivs trustees you are responsible for the preparalion of accounts In accordance viith the requirements of the Charities Act 2011 (the 2011 Art). I report in respect of my examination of the Trusys accounts carried out under section 145 of the 2011 Act, and in carrying out my examination, I have followed the applicable directions giNtn by the Charity Cornmi55ion under section 14515){bl of the Act. Independeni Examlnerfs Statement I have eompleted my examination. I confimi that no rnaterial mattef5 have come to my attention in connection with the examination 8iving me cause to believe that: The accounting records were not kept in accordance with section 130 of the Charitie5 Art. or The accounts did not accord with the accounting records: or The aecounts did not comply with the applicable requirements concerning the form and content of accounts set out in the ChaTities (Accounts and Reports) Re8ulations 2008 other than any requirement that the aetounts give a 'true and fairf view which is not a matter considered as part of an independent examination; or the accounts have not been prepared in accordance with the rnethod5 and principle5 of the Statement of Recommended Prartlce for accounting and reporting by charities {FRS102}. I have no concerns and have come across no other matters in connection with the examination to which attention should be dramm in this report in order to enable a proper understanding of the attounts to be leached. Keith Bames, FCMA 2 Beeforth Close New Ear5wick York Y032 4DF