SOUTHPORT & BIRKDALE PROVIDENT SOCIETY ACCOUNTS FOR THE YEAR ENDED 31st DECEMBER 2023 Charles D. O'Hara TRUSTEE & HON. TREASURER
SOUTHPORT AND BIRKDALE PROVIDENT SOCIETY tNDEX TO ACCOUNTS Page Legal & Adniinistraiii.'e Details Report of the Trustees Reports of the Independent Exarniner Receipts & Paynienis Account Statement of Assets & Liabilities Notes on the Financial Statements
Page 2. SOUTHPORT AND BIRKDALE PROVIDENT SOCIETY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31" DECEMBER 2023 OBJECTS OF THE CHARITY Tht obSe¢tiw of th¢ Sohport and BiTkdil¢ Provtdent Society Are l• relicv¢ yed A•d distress 4IIIOAE the residents of the MetropditAll Borfju8h of S¢fton. RESPONSIBILITIES OF THE TRUSTEES ORGANISATION: D¢coion8 of the Charity Are mide by the Trvstees t TrJi-moDthly Meetijp. The C7t#rity Is inthpendtnt of otbtr bodie$ and Alltonomouj ill its goYttnanc6 withlo Its CMtitul¥>n, which rn8tricts its •¢tivities geoy4phleAIIy. ACCOUNTING: Tbe Tr¥itttA we required by Ststute to PTepre t¢OUDts tor M¢h IIDaB¢il yeHr whKh 8lwe * trve •FJd flir view of the stts of of the Charky And of the results of the araY for that perlod Tx prewriDg tho kceopttts the aTe reqllirtd to: l. Select wil#ld¢ ¢eoxtiry poli¢i¢s and then apply them 2. ke Judgements amd estimates th41 are rsonAble #nd prudentr. Prepare the attounts the going eo•cffn basis unless Itl8 iuapmriale to wesllme the Clrity will continue in oper4ti0tt. The Trustees are Tesponsiblt for keepin8 proper aecounting Yttordj whieh dixtlo with rea¥ont4e ar¢vYxy A¢ titne the fi(7a1 position of the Charity And to eble them to emwe that tht aetounts rtlfftnt leplation. Tbry Are also responsible for safeguxrdillg the of the Charity aAd InCe talKing reason#ble step8 for the prevelltiojk Ind deteclfion of fraud and other irretlll#rRtie% COMMENTARY ON ACCOUNTS:. Reqoests for GraTrts Are rteeiyed from ch•rltles Ind welfare Inrtitstioo aDd from employees of the IA)C Authority Soril Services DepArtment. The Tre88urer vets the Applie•twni Soril Servit4 with tbt Df Sefton C.V.& And rnefve8 perml$slon for payments frow iht TThste¢•. Durini 2023 we receiv¢d 194 Persoll81 AppliutioDSi of whlch 22 vere I was dediped •J A70 were agred IJMI pawl a¢ 4 tost of £27343.00. l #p5CtIon is pendingr0•pkt. estiWAted tost £139 tomparts With * totsl of I80 Persoual 8ppli£%tions in 202& of wlbich 2 were Dttliueo IQ C#tteeJle l68 were •grEed nd Total payments of £2&663 intlvi1ed £1,4211.00 ]11ting to applsealioos •lliated IB 2O2I. Tht Tni8te¢8 wllj eontinue lo mooitor cxjh tlow ¢ltyJdy in the eomlog ye4r and refied OD wholh¢r dem•#d l likdy to ¢x¢¢ed Illcon. RISK ASSESSMENT:. Tntytees have ajsessed th major risks ts which the Cb8rlty eould be in particular thost rdated to the oper¥tion xnd flnuceg of ihe TrusL and are thai systems #re ir Flace lo rnitig•¢e to JDAiIJT Tisks. All or C#pltal Investments we profe$5ion4lly mxnaged by the Chlriiiu OffiJl lttv*stmtAt FuHd of CCL Si8ned on Ixhalf of the Trnstees (kofftey M¢Nicol
Page 3. INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SOUTHPORT AND BIRKDALE PROVIDENT SOCIETY ON THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2023 AS SET OUT ON PAGES 4 TO 6 I report to the trustees on my examination of the accounts of Southport Birkdale Provident Society for the year ended 31° December 2023. Respectlve responslbilities of trustees and oxaminer As the charity's trustees of SoLrthport and Birtdale Providenl Society, you are responsible for the preparation of the accounts in accordance wtlh the requirements of the Charities Act 20111'the 2011 Act,). The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charftles Act) and that an independent examination is needed. It 16 my responsibility to.. examine the accounts under section 145 of the Charities Act, to follow the procedures laid down in the g8n8ral Directions given by the Charity Commission (under section 145{5){b) of the Chariiies Act, and to stste whether particular matters have come to our attention. Basis of independent examIne$ statement My examination was carried out in accordance with general diredions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts. and seeking explan8tions from the trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a Irue and fair, view and the report is limited to those matters set out in the statement below. Independent examlnerfs statement In connection with my examination. no matter has come to my attention (a) which gives me reasonable cause to believe that in, any material respect, the requirements.. to keep accounting records in accordance th section 130 of the Charities Act., and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met, or (b) to which. in my opinion, attention should be drawn in order to enable a proper understanding of the a¢¢ounts to be reached. lan Wright F.C.A. Community Accountant Sefton Council for Voluntary Service 3Td Floor, Suite 3b, North Wing, BUrlInOn House, Cro$by Road North, Watedoo, Liverpool L22 OLG
Accounting Statement Pago 4. Receipts and Payments Account for the year ending 31 st Dec&mber 2023 2023 2022 CAPITAL Reslrlcted Unrastrictod TOTAL TOTAL Investment Income - Unrestricted - Rastricted 26.575 26,575 2.481 25.520 2472 2481 TOTAL RECEIPTS (A1) Direct Charitable Grants 26,243 28.663 Publicity & Fund Raising Management & Admln. 325 32 TOTAL PAYMENTS (A21 26 568 Net Payments Net Recelpts IA2-A1) IA1- A2) 703 2,488 Cash Fund 31st Decembor 2023 (A3 31st December 2022 {A3) 43,050 Cash Fund 40,562 SECTION B: Endowed Funds 2023 2022 Pemianent Endowment . Receipts Payment 2481 2481 2472 2472 NIL NIL
Page 5 SOUTHFDRT & BIRKDALE PROVIDENT SOCIE AT LIABILITI YEAR ENDED 3tst December 2023 UNRESTRICTED ENDOWED TOTAL CASH FUNDS IF Doposit A¢nt N81w8st Bank CuantArI1nl 72 2022 38Pg) 7412 COIF Dwoslt Ac¢ount N8tw•# Bank Curnnt Account 2481 2.331 231 2023 40. 43.( VUJE£ eosf Flx* Int lrt UDftslg8V2} 4bO79.63 Nnrmw Fur kncunts (9WI 47.817AS IF FuTrS In¢¥ 198941 untt• IF Ftffjd (98W eo,795 49921 $0.4oJ UABIUTIES 2023 OutstandingOrdeTr not yet completed. (Estimated Cost) G M&Niool Hon. thalmian } ) TrUSTEES C. D. O'trklR4 6k4Cw61 Hgn. Tr•asurer } The nots# on P4¥e 6form part ofttr Flnandal Statements.
Page 6. SOUTHPORT AND BIRI(DALE PROVIDENT SOCIETY NOTES ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023 ACCOUN77NG POUCJES.. FLXKIS Investments income Reserves The xtcounts are prepared In ecordAnCe with the S141en>eDt of Recommended Practict "A¢¢owiting by Ch¥rities". as applicable to smaller Cbaritie& Accounts are pTrpared on the Receipts and P•ym¢nts basi& Investment iD¢ome is included in th¢ ac¢ounts voss received C.O.l.F. Administration Expenses Include the necessary ¢(L8ts in¢urr¢d in nllming the Charity whieh do not vt A direct tangible effect on the ¢haritable objectives of the Clharity. The fuods eoThsi8t of one unr¢stri¢ted fund and one endowment fund. Investments are Incknded the actounts as valued by CCLA at year end. ¢onsist of Ch8rltie8 Offi¢ig1 Investment Fund unRts. The original cost L8 AL80 sIM)WJL Durin% tht year thding 31°, December 2023 In¢onY of £ 29,056 Tva$ reteived. ( £ 27.992 In 2022 ) . Investments Capltsl Value at 31" December 2023 was £96Q043 (31•1 Decuthr, 2022 £886,566) ResteS of approxlmately £30,1X)O are nOrrn beld to eushion the effett of vgriable Interest rates nd intome from Investments and to Allow flexibility in llting grant request& As And¢ipttd, ontt the limlthtlons of tht COd-19 crl8i8 were eased. there conlinued to be a robust dem&ind for the Sotiety'$ support In the present unetrthln eeonomk clIn¢& The Ca8b reserves may thertfore, continue to be under pressur& The Thtsttts Thvill tontinue to revlew the sItStion at ea¢h B MoDthty Meeting. Onty sufficient tash is drawn down from COIF Deposfit accoiint to cover Grant payments And nmning expenses, io order to maximise interest egrned. The Tru4tees not entitled ty *nd re¢eived no remuneralion during the year. Rent of £325.iN) was p¥id to the Salvation Army. No travelltllg expert% Imve beeo incurred tbis year.