The Bridlington Charities
Report of the Trustees and
Financial Statements
For The Year Ended 31 December 2023

The Bridlington Charities
Index to the Financial Statements
For The Year Ended 31 December 2023
Page
Charity Information
Report of the Trustees
Independent Examiner's Report
Receipts and Payments Account
Statement of Assets and Liabilities
Notes to the Financial Statements

The Bridlington Charities
Charity Information
TRUSTEES:
Rev. N Bowler
Rev. M Carey
Ms Y Kurvits
Mr D Watson
Mrs H Hughes
Mrs J Brameld
Ms G Andrews
Rev. S Dye
Mr A Halford
Mrs P Clark
chainnan
vice chairman
life trustee
life trustee
life trustee
elective trustee
elective trustee
elective trustee
churchwarden - Priory
churchwarden - Christ Church
METHOD OF APPOINTMENT: In accordance with the Scheme of Management, the
Elected and Co-opted Trustees are appointed at the
Annual Public Meeting, whilst ex-officio Trustees are
appointed by virtue of their professional or voluntary
tenures.
CONSTITUTION:
The charity was fornied under a Scheme of Management
deed which was adopted on 4 February 1870, as varied by
Schemes dated 23 May 1967 and 6 August 1998 and was
registered as a Charity with the Charity Commission on
10 February 1964.
CHARITY CORRESPONDENT: A Mead
118 St James Road
Bridlington
East Yorkshire
Y015 3NJ
REGISTERED CHARITY
NUMBER:
224609
INDEPENDENT EXAMINER:
P D Webster BA FCA CTA
Chartered Accountant
Ingham & Co.
2 Wcst Parade Road
Scarborough
North Yorkshire
Y012 SED
BANKERS:
Barclays Bank PLC
Bridlington Quay Branch
PO Box 13
Scarborough
YOI12HS
Page I

The Bridlington Charities
Report of the Trustees
For The Year Ended 31 December 2023
The Trustees present their report along with the financial statements of the charity for the year ended 31 December 2023.
The financial statements have been prepared in accordance with the Charities Act 201 I, the Scheme of Management dated
4 February 1870 (as amended 23 May 1967 and 6 August 1998).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational Structure
The trustces who have served during the year are listed below and the trustees at the date of this report are set out on page
one. Administration of the charity is by a body of trnstees, consisting of up to eight ex-officio trustees and six non ex-
officio trustees, of whom three are elective and three co-opted life trustees. Elective trustees serve for three years, after
which time they are eligible for re-election. A Clerk and Treasurer is appointed by the trustees, to assist them with the
day-to-day administration of the charity.
The Bridlington Charities was fomed under a scheme of management in 1870 to amalgamate the assets and incomes of
a number of smaller charities and trusts operating within the Parish of Bridlington. The income and expenditure relating
to each of these charities has been consolidated into the attached financial statements. The charities and trusts collectively
known as the Bridlington Charities are as follows:
Henry Cowton
Robert Prudon
Mary Stead
Timothy Woolfe
Thomas and Mary Dale
William Hudson
Joseph Hudson
Ann Yates
Benjamin Woolfe
Isaac Wall
Anne Watson
Jane Woolfe
OBJECTIVES AND ACTIVITIES
The objectives of the charity are the general relief of the sick and poor and the education of the young people within the
parish of Bridlington. The charity meets these objectives through the provisions of grants.
The Trustees have referred to the guidance contained on the Charity Commission's general guidance on public benefit
when reviewing the Charity's objectives and planning for the future.
ACHIEVEMENTS AND PERFORMANCE
During the year the charity trustees paid grants and donations to individuals and charitable institutions within the parish
of Bridlington totalling £42,276.
The charity has an excess of income over expenditure, resulting in a decrease in cash and bank deposits of £18,600.
The charity has monetary assets of £422,974, represented by investments held and cash at bank and in hand at the balance
sheet date, of which free reserves amount to £221,740.
Page 2

The Bridlington Charities
Report of the Trustees (Continued)
For The Year Ended 31 December 2023
FINANCIAL REVIEW
Reserves Policy
The Bridlington Charities does not seek to accrue funds beyond that necessary to operate and fulfil its charitable
objectives. As far as possible all reasonable effort will be made to use funds received by the charity fully and in line with
the needs of the local population.
The charity trustees have some ongoing legal issues with one of the tenants. The trustees decided that it was necessary to
ensure that the Charity had sufficient reserves in place to cover the costs of professional advisors and possible litigation
costs
Principal Funding Sources
The Charity has received rents on Charity Fann of £67,000 on Charity Farni, which together with other rents and
investmenl income has resulted in an overall income of £88,660.
TRUSTEES
The Trustees during the year under review were:
Rev N Bowler
Rev M Carey
Mr D Watson
Ms Y Kurvits
Mrs J Brameld
Mrs H Hughes
Mr A Halford
Mrs P Clarke
Ms G Andrews
Rev S Dye
Mrs C Lyle - Deceased 201h November 2023
RISK MANACEMENT
The Trustees actively review the major risks faced by the charity on a regular basis and believe that the maintenance of
reserves at the levels stated above has mitigated the charity's exposure to the major risks.
Page 3

The Bridlington Charities
Report of the Trustees (Continued)
For The Year Ended 31 December 2023
STATEMENT OF TRUSTEES, RESPONSIBILITIES
Charity law requires the Trustees to prepare financial statements for each financial year which give a true and fair view
of the state of affairs of the charity and of the surplus or deficit of the charity for that year. In preparing those financial
statements, the Trustees are required to
Select suitable accounting policies and then apply them consistently;
Make judgements and estimates that are reasonable and prudent;
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will
continue in existence.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time
the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities
Act 201 l. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for
the prevention and detection of fraud and other irregularities.
ON BEHALF OF THE TRUSTEES:
Rev. N Bowler
Chair of Trustees
3 October 2024
?/ioJLq-
Page 4

The Bridlington Charities
Report of the Independent Examiner to the Trustees of
The Bridlington Charities
I report on the accounts of the Charity for the year ended 31 December 2023, which are set out on pages six to eight.
Respective responsibilities of Trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is
not required for this year under section 144(2) of the Charities Act 2011 ("the 2011 Act") and that an independent
examination is needed.
It is my responsibility to:
examine the accounts under section 145 of the 2011 Act;
to follow the procedures laid down in the General Directions given by the Charity Commissioner under section
145(5)(b) of the 201 l Act; and
to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the General Direction given by the Charity Commissioner. An
examination includes a review of the accounting records kept by the charity and a cornparison of the accounts presented
with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of
explanations from you as the Trustees concerning 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
'true and fair view, and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
( l ) which gives me reasonable cause to believe that, in any material respect, the requirements:
to keep accounting records in accordance with section 130 of the 201 l Act; and
to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the
2011 Act
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be
reached.
P. D. Webster BA FCA CTA
Ingham & Co.
Chartered Accountants
2 West Parade Road
Scarborough
North Yorkshire
Y012 SED
3 October 2024
Page 5

The Bridlington Charities
Receipts and Payments Account
For The Year Ended 31 December 2023
Unrestricted Endowment
Funds
Funds
2023
2023
Note
Total
Funds
2023
Total
Funds
2022
Income Receipts:
Rents Received - Charity Farm
Rents Received - Charity Farm Fields
Rents Received - Ulrome Fields
Rents Received - Bempton Lane
Insurance ~ Charity Fami
Compensation received
Compensation from Barclays Bank PIC
Investment Income
Donation from Ann Watson's Trust
67,000
7,040
1,125
3,130
2,475
500
67,000
7,040
1,125
3,130
2,475
500
67,000
7,040
2,250
3,130
2,590
50
6,398
7,390
7,390
88,660
88,660
88,458
Payments:
Direct Charitable Expenditure
Administrative Expenses
Purchases of equipment
Insurance Paid
Independent Examiner's Remuneration
Advertising
Professional charges
42,276
5,793
699
4,559
2,082
42,276
5,793
699
4,559
2,082
70,563
6,650
949
4,686
1,890
360
25,736
51,851
51,851
Total Resources Expended
107,260
107,260
110,834
Net Incoming/(Outgoing) Resources for the
Financial Year
(107,260)
88,660
(18,600)
(22,376)
Cash Funds Brought Forward at l January 2023
Transfer
240,340
240,340
262,716
88,660
(88,660)
Cash Funds Carried Forward at 31 December 2023
221,740
221,740
240,340
Page 6

The Bridlington Charities
Statement of Assets and Liabilities
At 31 December 2023
Unrestricted Endowment
Funds
Funds
2023
2023
Total
Funds
2023
Total
Funds
2022
CASH FUNDS
Cash and Bank Deposits:
Barclays Bank Current Account
Barclays Bank Business Reserve
88,456
133,284
221,740
88,456
133,284
221,740
108,313
132,027
240,340
OTHER MONETARY ASSETS
Dividends Receivable
Investments Held:
COIF Charity Funds Income Units
BlackRock Charities UK Bond
628
154,426
46,808
201,234
154,426
46,808
201,234
141,231
46,047
187,906
Liabilities: amounts falling due within one year
Independent Examiner's Fees
2,188
2,188
2,083
2,188
2,188
2,083
NON-MONETARY ASSETS
Fixed Assets:
The freehold property known as Charity Farn], Main Street, Sewerby, together with fields at Bempton Short Lane,
Bempton and Allison Lane, Ulrome are held as part of the Charity's Pennanent Endowment. No market value for these
properties has been detern]ined at 31 December 2023.
Approved by the trustees on 3 October 2024 and signed on their behalf by:
*jiolL+
Rev. N Bowler- Chair of Trustees
Page 7

The Bridlington Charities
Notes to the Financial Statements
For The Year Ended 31 December 2023
ACCOUNTING POLICIES
Accounting Convention
The financial statements are prepared on a receipts and payments basis, under the historical cost convention and in
accordance with any applicable Accounting Standards.
Income Recognition
All incoming resources received by way of rents, donations or interest is accounted for in the period in which the
income is received by the charity.
Allocation of Costs
If an item of expenditure cannot be specifically allocated to one particular fund or category, it is apportioned in the
financial statements between the categories on a reasonable basis.
Recognition of Liabilities
Liabilities and outgoing resources are recognised in full in the period in which payment is made by the charity.
Investment Valuation
All investments are listed on recognised stock exchanges and are valued at the bid price at the date of the Statement of
Assets and Liabilities of the charity.
INVESTMENT INCOME
2023
2022
Dividends from COIF Charity Funds Income Units
Dividends from BlackRock Charities UK Bond
Other Dividends
Interest Received
4,239
1,894
4,223
1,893
154
127
127
7390
6,398
3. DIRECT CHARITABLE EXPENDITURE
2023
2022
Other charitable donations
42,276
70,563
42 276
70,563
ADMINISTRATIVE EXPENSES
During the year, the charity paid administrative expenses to the Clerk to the Trustees of £5,793 (2022 - £6,650).
PERMANENT ENDOWMENT
The Pernianent Endowment of the Charity was created by the amalgamation of the assets and funds of the various
charities brought together under the Scheme of Management of1870. Rents and other incomes received from the
pern]anent endowment are expended on the direct charitable objectives of the charity, with any remaining income
transferred to the unrestricted funds of the charity.
Page 8