## **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