The Bridlington Charities Report of tbe Trustees and FinaneiAI Statements For Tlae Year Ended 31 December 2024
The Bridlin%ton Charltle5 Index to the Financlal Statements For The Year Ended 31 Dee¢mber 2024 Page Charity Informatlon Report of the Trnstees Jndependent Examlner's Report , Recelpts and Payments Account Statement of Ajsets and Llabllilfies Notes to the Financial Statements
The Bridlington Charlties Charity Information TRUSTEES: R¢v. 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 Mrs P Hart - chaimian - vice chairnian life trnstee - life tntst¢¢ - life ttwtee elective trustee elective trust¢¢ - elective trustee - churchwarden - Priory - churchwarden - Christ Church - churchwarden METHOD OF APPOINTMENT: In accordanrx with the Scheme of Managem¢nL the Elected and Co-OPt¢d Trustees are appointed at the Annual Public Meetin8. whilst ex-officio Tru5te¢s are appointed by virtue of their professional or voluntary tenures. CONSTITUTION: The charity was forn)ed 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 INDEPEfADENT EXAMINER: P D Webster BA FCA CTA Chartered Accountant Ingham & Co. 2 West Parade Road Scarborough North Yorkshire Y012 SED BANKERS: Barclays Bank PLC Bridlington Quay Branch PO Box 13 Scarborough YOII 2HS Page I
The Brldllngton Charities Report of the Tru8tee8 For The Year Ended 31 December 21124 Th¢ Trnste¢s present th¢ir r¢port along with thc financial ststetnents of the charity for the year ended 31 December 2024. Th¢ fmancial statements have been pr¢pared in acwrdance with the Clwities Act 2011, the Seheme of Management dated 4 February 1870 (as ani¢nded 23 May 1967 aud 6 August 1998). STRUCTU GOVERNANCE AND MANAGEMENT Organlsatton41 Structure Th¢ trustees who have s¢rved during the are listed below and the tswtees at the date of this Teport are set out on page one. Administration of th¢ Charity is by a body of trustees. consisting of up to eight ¢X-officio trustees and six non ex- officio tnttt$, of whom thrce are elective and three CObOPted life trustees. Elective trustees serve for three years, after which time th¢y ar¢ eligible for re-election. A Clerk and Treasurer is appointed by the trustees. to assist them with the day.tfrday administration of the charity. The Bridlin8ton Charities was fornied under a scheme of management in 1870 to amalgamate the assets and incomes of a number of smaller charities and trusts operating within the Parish of Bridlington. The income and expenditure relating to each of these charities has been Consolidated into the attached financial statements. The charities and trusts collectively known as the Bridlington Charities aye as follows: Henry Cowton Robert Prudon Mary Stead Timothy Woolfe Thomas and Mary Dale William Hudson Joseph Hudson Ann Yates Benjamin Woo]fe aac Wall Anne Watson Jane Woolfe OBJEcfivES AND AcfIviTIES The obj¢ctives of the Charity are the general relief of the sick and poor and the education of the young people within the parish of Bridlington. The Charity meets these objectiY¢s through th¢ provisions of grants. The Thtee$ have referred to the guidance ¢ontsined on the Charity Commi&8ion's general guidance on public benefit when reviewing the Charitys objectives and planning for the future. ACHIEVEMETh AND PERFORMANCE During the year the charity trustees paid grants and donations to individuals and charitable instithtions within the parish of Bridlington totaliing £37,155. The charity has an exce&s of receipts over payment4 resulting in an increase in ¢ash and bank dwits of £261,665. The charity has mon¢tsry assets of£691.682, repres by InVents held and cash at bank and in hand at the balance sheet date, of which free reserves amount to £489,030.
The Bridlington Charities Report of the Trustees (Continued) For The Year Ended 31 December 2024 FINANCIAL REVIEW Reserves Policy The Bridlington Charities does not seek to accrne 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 trust¢¢s have some ongoing legal issues with one of the tenants. The ttvstees decided that it was necessary to ensure that the Charity had sulTi¢i¢nt reserves in place to cover the costs of professional advisors and possible litigation costs Principal Funding Sources The Charity has received rents on Charity Farni of £72,625 on Charity Farni. which together with other rents and investment income h&8 r¢sulted in an overall incom¢ of £93,724. TRUSTEES The Trustees during the year under review wer¢: 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 P Hart RISK MANAGEMENT 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 mitigat¢d the charity's exposure to the major risks. Page 3
The Bridlington CharAtI¢J Report of the Tru$tee$ (Continued) For The Year Ended 31 December 2024 STATEMENT OF TRUSTEES, RESPOIYSIBILITIES Charity law requires the Trustees to prepar¢ financial stat¢ments for each financlal year which give a true and fair view of the state of affairs of the charity and of the surplus or d¢ficit of the charity for that year. In preparin8 those financial statements, the Truste¢s are r¢quired to Select 8uitsble accountlng 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 18 inappropriat¢ to presume that the charlty will continue in ¢xist¢nc¢. The Thistee8 are respon8ibl¢ for keeping proper occountlng tscords which disc105e whh re&sonable accuracy at any time the financial position of the charty and to enable them to ¢n8ur¢ that the tinancial stakments comply with the Charities Act 2011. They are also responsible for safeguarding th¢ Sets of th¢ charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ON BEHALF OF THE TRUSTEES: eyBoWler . Ckaiv-oET-W8tees v ILe tt( rJ¢) Dated: 24 SteMber 2025 Page 4
The Brldlington Charlties Report of the Independent Examlner to the Trustees of The Bridllngton Charitles I report on the accounts of the Charity for the year ended 31 December 2024. which are set out on pages six to eight. Respective responsiblllties of Trustees and examlner The Charity's trustees are responsible for the preparation of the accounts. The charity's trustees ¢onsider that an audit is not required for this year under section 144(2) of the Charities Act 2011 ('%he 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 examlner'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 comparison 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 matteT5. 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 vi¢w' and the r¢port is limited to those matters set out in the stst¢ment below. Independent examlner's statement In connection with my examination, no matter ha9 come to my attention: (l ) which gives me reasonable cause to believe that, in any material respect. the requirements: to keep accounting records in accordan¢¢ with section 130 of the 2011 Act. and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Art have not been met: or (2) to which, in my opinion. attention should be drawn in order to enable a proper und¢rstandin8 of the accounts to be reached. P, D. Webster BA FCA CTA Ingham & Co. Chartered Accountants 2 West Parade Road Scarborough North Yorkshir¢ Y012 SED Dated: 24 September 2025 Page 5
The Brldlln£ton Chxritles Reeeipts and PaymeDts Account For Tbe Year Ended 31 December 2024 Unrejtrlctsl Endowment Funds Fun 2024 2024 Total Funds 2024 Total Fund$ 2023 Note Recelpts: Renis Received - Charity Fann Rents Received - Charity Fami Fields Rents Received - Ulrome Fields Rents Received - Bempton Lane Insuran¢¢ - Charity Farni Compensation received Compen5atxon from Bar¢Jays Bank PIC Investment Income 67,IKJO 7,040 67,000 7,040 67,000 7,040 1,125 3.130 2,475 500 3,130 2,838 3.130 2.838 100 7.990 loo 7,990 7,390 Groij Income 88,098 88.098 88,660 Receipts from sal¢ of Land at Allison Le 3J7,450 317,450 Total Recelpts 405,548 405.548 88,660 Phyments: Direct Charitable Expenditiire Administratlve Expenses Purchaseg of equipment Insurance Paid Independent Examinerfs Remuneration Professional ¢har8e8 37.155 6,650 372 4,958 2.160 92.588 37,155 6.650 372 4,958 2.160 92.588 42.276 5.793 699 4,559 2,082 51,851 Total Payments 143,883 143,883 107,260 Net In¢omlnW(Outgolng) Resourem for the Flnanelal Year (143,883) 405,548 261,665 (18,600) Cash Funds Brought Forward at l January 2024 221.740 221.740 240,340 Transfer 88.098 (88,098) Cash Fundi Carrled Forward It 31 December 2024 165,955 317,4iO 483,405 221,740 Page 6
The Brldlington Charlties Statement of Asset5 and Liabllltles At 31 Decemb¢r 2024 Unrestrlcted Endowment Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 MONETARY ASSETS CAsh Funds Barclays Bank Current Account Barclays Bank Business Reserv¢ Total Cash Fund5 47.990 117,965 47,990 435.415 88,456 133,284 221,740 317,450 317.450 165.955 483,405 Other Monetary Assets Accrued Income 5,625 5,625 5,625 5,625 Investment Assels COIF Charity Funds Income Units BlackRock Charities UK Bond 157,915 44.737 202,652 157,915 44,737 202,652 154,426 46.808 201,234 Llablllties Independ¢nt Examiner's Fees 2,160 2,160 2,160 2,160 2,188 2,188 NON-MONETARY ASSETS Flxed Assets: The freehold property known as Charity Farni. Main Street. Sewerby. together with fields at Bempton Short Lane, During the year the charity sold its land at Allison Lane, Ulrome for £317,450. At 31 Dec¢mber 2024, the proceeds were held in the Barclays Bank Business Reserve aOunt and are part of the Charitys Pennan¢nt Endowment. Approved by the trustees on 24 September 2025 and signed on their behalf by: eJ. Vice q- Page 7
The Brldlington Charlti Nota to the FRnanelal StstemeDts For The Year Ended 31 Deeember 2024 ACCOUNTING POLICIES Accounting Conventio The fmancial statements are prepared on a receipts and payments basis. under the historical cost convention and in accordan¢¢ with any applicable Accounting Standards. Ineome Re¢ognltio All in¢omin8 resour¢e8 rnoeiv¢d by way of donations or interest is accounted for in the period in which the income 18 received by the tharity. Alloe*tlon of Costs If an item of exp¢nditur¢ ¢aDnot b¢ spKlfi1ty allocated to one particular fund or category. it is apportioned In the financial st8tenThts between the eats8ori¢s on a reasonable basis. Reeognltlon of LIAbllltles Liabilities and outgoing resources are recognised in full.in the period in whi¢h payment Is made by the charity. Investment ValuatloD All investhients are listed on reco8ntsed stock ¢xchange8 and are valued at the bid price at the date of the Statement of Assets and Liabilities of the ¢htirity. INVEsfMENT INCOME 2024 2023 Dividends from COIF Charity Funds In¢ome Units Dividends frorn Blackknk Charities UK Bond Other Dividend$ Interest Received 4298 1,686 4,239 1,894 2.005 1,257 3. DIRECT CHARrrABLE EXPENDITURE 2024 2023 Other tharitable donati¢)n8 37,155 42,276 ADMINLSTRATIVE EXPEIYSES During th¢ year. th¢ charlty paid adMinIstrave expenses to the Clerk to the Thteel of £6,650 (2023 - £5,793). PERMANENT ENDOWMENT Th¢ Pernianent Endowment of the Charity was created by the amalgamation of the a83ets and funds of the various charities brought tO8ether under the Scheme of Management of1870. Rents and (ther incomes rec¢ived from the pern)anent endowment are expended on the direct charitable objectives of the charity, with any remaining incotne tratL8f¢rred to the unrestricted fimds of the charity. Page 8