Charlty rgglstratlon numbgr 236654 THE HAROLD AND ALICE BRIDGES CHARITY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
THE HAROLD AND ALICE BRIDGES CHARITY LEGAL AND ADMINISTRATNE INFORMATION Trustee5 Mr C N Calvert Mr J D G Hin¢hllff¢ Gharlty number 23e654 Princlpal address Wmcent5 Solir4lors 21-23 Park Streel Lyiham FY8 SLU Independent gxarniner Champion Accountsnts LLP Unlt 2 Olympic Cotsrt Whilehills BsIn$S Park Bkckpool Lancashwe FY4 5GV Banke The Roy81 Bank of Scotland 97 Fishergat Preslon PR12DP SoliEitoYs Vincents Solicitors 21-23 Park Stre8t Lytham (8 SLU Investmènt advisors Investe¢ Wealth & Investment LStnlled Beech House 61 NapieT Street Sheffpld S118HA
THE HAROLD AND ALICE BRIDGES CHARITY CONTENTS Pag4 Trusle&s' report Independent exaNwnerfs report Statement of financlal actNiUes Balanc8 sh88t Not8s lo the finanrAal statements 6-16
THE HAROLD AND ALICE BRIDGES CHARITY TRUSTEES, REPORT FOR THE YEAR ENDED 5 APRIL 2024 The trlsslees present their annual repiwt and financlal stements for Ihe year 8WLded 5 April 2024. The financial stalernenls have b&8n prepared thi accordance wilh the accounting policies sel out in ngte I lo the finèncial statements and comply with the tharitrfs governing document. the Charities Act 2011 and'Accounting and Rgporting by Charilies_' Statement of Rewrnrner¥ded Pradice applicable to charities prepating their aCU{S in accordan with th8 Finala1 Reporting Standard 8pplicable IFI the UK and R8publSc of Ireland IFRS 1021. leffective 1 January 2019). Objectives and a¢tlvlti85 The poliw of th8 Irustees for seveial years has been lo nwintain the capital fund trealing both realised and unrealised gains as addluS to this fund and lo dustribule the annual income arising. The tDJstees nomially make grants lo loGal Gavs¢s in the Lancashiro and South CuFnbtTra area with special preference to the RIV RÈbble area aThl northwards. th6 BlackbuTn 8reè, and the Stsuth Lakes area. Generally. grarFts are made fo benefit the young and elderfy, are rnainty toward$ ¢apltal Pfdecls in coM8ct)n wilh Fural and villa9e lrfe espeallY wher¢ there is associated volunt8ry elfort. The chafily invites organisations lo apply for grants on a spedfic fo¥m. The trustees peruse each aPpcation and rants are awarded at theif dlscretion. Public benefit The tnJstee5 confirm that they have referred lo the guidance conlainèd tne Chaiity Commission's generJl guidance on public benefit when reving the Char6Vs aims And objectives and in planning fvture actlvilies and setting the grant making policy for the year. hievement5 and perform¥nce Investment incom¢ tsf £145,351 togeer wtth inlerest of £3.461 provlded lunds to dlstribule 75 grants logethef with ffinancing Ihe adminBtrÈtion and governanc8 Costs. Flnanclal revlew Total income for the y8ar was £150.18212023 £216,916) cn the unrestricted grant fund and 2Nil {2023 £71,707> ot the designated inveslmenl fvnd. Grants lotalllng £142.000 were made. After professional fees and governance costs 01 £18,450 the balance of1£10.268) has been ¢airied forward to next yoar on the GrÈnl Fund. The ttustees consider the assets of the charity are adequate lo fulfil the obhgation5 of the charity. ResÈnKes lleY It is the polw of the tharily to mainlain unrestsicted funds, which are ros¢Nes of the charity, at a level that prowdes sufficient funds to ¢ovei grants payable and adtninistration ry)sls and to feSPo[ lo emergen¢y appliealions for grants which arise from time lo lime. un$[liCted funds w818 maintatned at similarlovels throughout the year. Inveslmentpollcy The trustees have notifj8d InvBSte¢ Weallh & Inv¢$lment Limited, th8ir inv8Stmant custodian8, that they requirg a balancéd retum from income 8nd capital growkn accepting a moderale level of d5k. The Irusle8s remew the investment portfolio and diswss any PrOSaI$ mada by the stockbrokers al their meeting$. Reallsed and unrealised gains on investments totall £67,416, to leave the design81ed fund represented by eash at bank and investmenls al market value totalling £4,068,S67 on 5 April 2024. The investment held have all bee acqulred in accordance w41h th& FM)werg avall8blÈ to the trustees. The eld on all investmÈnts was 3.7Vo12023 3.5Qhl.
THE HAROLD AND ALICE BRIDGES CHARITY TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 structuro. governance and manag¢mtnt The Charity (number 2366>41 was esiablished on 14 October 1963 and is administared by the trustees. The govefning deed of thal date gives the tDJStees ftjll dlscretion lo apply both InMe and capital in or towards the furthgt8nGe ol such ¢haritable purpose5 as they shall from time to lime Ihink frt. On 30 Novembef 1998, the 8ssets of Ihe Wayfarers Tn(st were transferred into the Harow and Mice Brrysges Charlty and are included in the designate(J investment fund and the Income generatèd is used for thè charitable objects of Ihe main charity. Dudng the year ended 5 April 2012 the assets and accrued income of thè èstate of fhe late Richard Howarth, tolalllng £451,369, were trdnsferred lo the Harold arld Alice Bri(Ig8s Charity following the death of ihe la31 life lenanl on 12 June 2010. Tho capilal of £432.507 was Included in the designated Investment fund and th¢ irKome generated is used for the thartsble objocbves ol Ihe maln charity. Following the de4th of Chailes Harold Brldges on 21 FebDJary 2023 the eharfty became entitled lo 50% of the capltal Irmme of the H & J Bridqeg 1985 Settlement and Ihe Harold B¥idge$ 1986 Setvement. The G8Pltal ol £71,707 was Include(l in the designated Investment fvnd and the incomg 9gnerated is used for the chatilable Objecve8 ofthe main charity- There have b98n no chawes tts policy since IhÈ18st report. On th8 death of the settlor th$ piovi6ion5 of the Trustee Acl 1925 Section 36 app in that the suivNing trustees can appoint trustees or shoukj they become capable thdr personal rE4Jresonta14vas can appolnl trustees in wrlting. The trust88s who seryed durlng Ihe year and ¢Jp to th& dale of svJnaiure of the finavKial statem8nts wer0= Mr C N Cafvert Mr J D G HchIle The trustees meet the times a year lo discuss and appve 9rant p1¢allonS and rèvlew finances. Cheques ar8 sent out to thos8 5uc¢e2sful appllcants wSlhin days of each meeting. Th8 existing buslees responsibfe for the appointment of new Iwst88S, The Iw$le8s have assessed thg major risks whlch may artse the conduct cf the Charily and will monitOT ihèse annually. The trustees, report was approved by the Board ol TrLEgtèès, )C Ltsea. Mr J D G Hlnchl Mr C N Calvert D8te'. 'lozC
THE HAROLD AND AUCE BRIDGES CHARITY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE HAROLD AND ALICE BRIDGES CHARITY I report lo the Iwstees on my examination ol the finanrial statements of The Harold and Alice Brldoes Charity (the charity) for the year ended 5 Apnl 2024. Responsibilities and basis of report As the trustees of the eharity YO ole responsible for the piwaration of Ihe finarKial statements in acCdance wlth the T¢quirements of the Charlti8sAcl 2011 (thè 2011 Acfil. I teptsrt in sPert of my examinatlon of Ihe drIty5 fin8ncEal slalements carried out under section 145 of the 2LI11 Ad. In carrying out Iny examination I have folbwed all the applicable Directions given by the Charity Commission under seclion 14515Kbl ol the 2011 Act. Indepèndenl examinerfs statement Your attention is drawn lo the fact that the charity has prePad finan¢ial statements In accordance with A¢¢ounting and Reporting by Charitie5 preparing Iher accouAts in accordance wilh the Financial Reportlng StsndaTd applicable in the UK &nd RepubliG of ]relar {FRS 102) in pre1eren to Ihe Accounting and Reporting by Chafities-. StstÈMent of Recornmended Practice issufjd on 1 April 2005 which is referred lo in the extant regtslations bul has now been withdrawn. l understand that this has been done In ordèr lor financial 3tstemenls to prowde a true and fatr wew In accordance with Generally A¢¢épted Accounting Pradi¢È effective k)r f¢POrtlng periods gInnIng on or after 1 January 2015. I have completèd my ex3mination. I confjrm that no matters havè come lo my 8ttention In connedion with the examination giving me causP to besieve tt¥at in any material respect-. accountirw iecords wère not kepl Ill iespect of the charity as r8qulred by sedon 130 of 2011 A¢¢ or the financial statements do not accord with those Tecords.. or the financlal statements do nol comply with tho apPliGab requirements concemiThJ the form atbd content of aDUD15 sel out in the ChaFitses (Accounts and Reporls} Regulations 2008 other than any requiiement that the accounts give a tru8 and f8ir v?ew which is not a matt8r nsidered as part of an Independent examination. I have no concems and have come 4¢ross no othei fftters in connecllon with the examination to which 8ttenlw)n shgukl be drawn in thls rep(wt In order to enabSe a prop8r Ltnders¢andlng of the finan81 stalenwnts to be reached. Cho-w n AccoLLn* LLP Chaftwlon Accountants LLP Unlt 2 Olympic Court Whileh511s Business Park BckpoOl L8ncashl¥e FY4 5GU 13 Joas
THE HAROLD AND ALICE BRIDGES CHARITY STATEMENT OF FINANCIAL ACTWITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2024 Unrestrlcted Deslgnated granl investment fund fund 2024 2024 Totsl Unrestrlcted Deslgnated grant investment fund fund 2023 2023 Total 2024 2023 Note5 Incom• and Èndowmènts from: Investments Other income 148,812 1,370 148.812 1.370 139.925 5,284 139.925 76,991 71.707 TDtal Income 150.182 150,182 145,209 71,707 216,916 enditure on. R8ising fvnds 23,765 23.765 24,374 24,374 Charitatde activlties 160,450 5,862 166.312 132.915 5,487 138,4Q2 Total &xpÈnditur• 160.450 29,627 190,077 132,915 29,861 162,776 Nel gaifi51lJossesl on investmeRts 10 67,416 67.416 1278.15SI 1278,1551 Net movement In furÈds 110.2681 37,789 27.52t 12,294 1236.3091 1224,015) Fund balanc8s at 6 April 2023 47,556 4.030,778 4,078.334 35,262 4,267,087 4,302.349 Fund balanGèS at 5 Aprll 2024 37,288 4.068,567 4,105,855 47,556 4.030.778 4,Q78.334 The sl#lemenl of fin8Rcial acllvitles includes all gains and losses recognlsed In Ihe year. The statement of financial actlvilies includes all gatns arkd losses recogn15ed in Ihe year. incorne and expendllure eriv¢ from ¢onfjnuSng activ¢$.
THE HAROLD AND ALICE BRIDGES CHARITY BALANCE SHEET AS AT 5 APRIL 2024 2024 21123 Not4s Ffxed a55ets Investments 12 4,041.372 3,965.103 Current assets Debtors Cash at bank and harKI 13 163 72,976 72,155 47,555 73,139 119,711 Crèditors: amounts falling due wlthin one year 14 18,656} 16,480) N8t current assets 64.483 113,231 Total assets less currènt Ilabilitles 4,105.&55 4,078,334 Income fvnds Designated investment fund Unreslricled grant fund 15 4.068,567 37,288 4,030,778 47.556 4,10S,855 4,078,334 The financial ststèments Wefe approved by the Truslees on....... 2diJ MF C N Cafvert Trustee MrJDG Trustee
THE HAROLD AND ALICE BRIDGES CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Accounting pollcles Charity Inf0MtIon The Harold arfl Alice 8ridge$ Chaty Is a registe charify u) the United Kingdom.The Address of the registered Offi is Melamoiph Law timitéd TIA LiwKla Myers, 21-23 Park Slreel, Lythatn, FY8 SLU. 1.1 At¢ounting convention The firkancial 8tatements have been prepared In accordancè with the chativs govemin9 document the ChaFFthes Acl 2011. FRS 102 'The Financial Reporting Slandard applkable in Ihe UK and Rèpublic ot Ireland. I'FRS 102.1 and the Charities SORP 'AccoiJfiting and Reporting by Charities." Statement of Recommended PIA¢lice applicable to charities preparing their Accounts in aGcordance wlth thé Financial Reporling Standard applicablfj in Ihe UK and Republic of Iteland IFRS 1021" leff8Ctive 1 January 20191. The ehÈrity is a Public 8enefit Entity as defined by FRS 102. The charity has taken advantage of the provisions irk the SORP for ¢harMes not to prepare a Statement of cash Flows. The financial statements hav8 departod from the Charkies (Accounts and Reports) R8gulallons 2008 only to the Éxtent requTred tr> providg a true and fail view. This departure has Involved followiTrg the Slat8tnent of RQMMended practi for charities applwng FRS 102 rather ihan Ihe veTSiOn of fhe Stalernenl ol Recommended Practi which ts referred to in Ihe Regulatbons but which has 51nce been wthdrawn. Th¢ financial statements are prepar8d in slerling, which is the fyDctional £urrenGy of the charity. Mi)nelary amourbts in these financi81 statements are iounded lo the nearest £. Thg firiancial 518t&nts have been prepared rer the historica cost convention, modified lo include revaluation of investtnents. The piittcipal a¢Unting policies adopted are set oui below. 1.2 Going conGern The trust8Ès are requi¥ed to asse55 whether the use of going Goncern is appropriate and whether there aye any material uncertainties related to events or condlttons that may cast swJnificant doubt on the èbllity ol the cha¥ity to continue as a going concem. The Iruslees make this asse8smènl in respect of a period of al least onè year from thè date of authorisation of the accovr¢ts. The majority of expenditure of the charity Is at the discretlon of the trustees and the eharily also has sufficient reserves to offset any potential [edCtiOn in inve81mènt Incom&. Tha trustees have considered the level of fi&nds held and the 2xpe¢ied lev81 of income and expendilure lor 12 months from authorisitvJ these financlal statements. ThE budget8d Incorne and expendilui8 Is sufficient with Ihe level of roserves for the thary. therefore tho IFuskees Continuo lo adopt thé gdn9 concern basss of accounng in prèpa¥ing the financlRI ststem8ats. 1.3 Charfitabie funds Unrestricted funds are available for use al the discretion of the trustees in fvrtheranee ol their charitable objectives and whlch have not been designated lor other PUTptsses. Designated funds compris9 unreslricled funds that have been sel aslde by the trust898 lor Partlar PUfpo&es. Thè aim and use of each dèsignated fund i5 set out in the notes lo th8 Inancial stalemgnts. 1A Income Inrne is recognised when the ¢hartty Is tegally entilled to il aft¢r any rf0mnCe conditions have been met, the amounts can be measured reliably. and il is probable that InMe will be Te¢oived. Investmgnt Income 18 e2med through holding assets for inveslrnevrt purposes. It clUdeS diwdends and interest. Wh&re il is not practicable lo idenlfy inv8stsnenl managemènt costs incurred withln a schema with reasonablo accuraw th8 Investment income is reported nel ofthose costs. 11 1$ induded when the amount an be measured reliBbly. Intefesl incomgls recognised using the effectlv8 inter&%t method and dlvidend Income is re¢ognised as tho charills right to rec8lV8 payment 18 gstablished.
THE HAROLD AND ALICE BRIDGES CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Accounting pollcle5 Icontlnued 1.5 Expenditure All expenditu is accounted for on an accruals basis And has been dassEfied under headSngs that aggregate all Costs r8latEd to the cat890ry. Expenditure is recognised once Iherejs a legal or conslrucliv& obligation lo transfer economic ben8fil to a third parly, 5t Is probablg that a transfér of èctsnon7ic beneffts wll be wuired In Seltlement. and the amount of the obligatlon can be PaSred reliabty- Expendittsr8 is calegorf5ed under th8 followiTrJ headbngs'.- Expenditure on raisin9 fuad8 includes InVesÈnt management costs,. and Expenditure on charitÈble a¢tiviti88 iDcludes grants awardvd and support costs inGuripd. 1cover8b18 VAT Is charged as an expens# against the actlwty forwhi¢h expendillire aros8. Giants payabl8 lo third parti8s ate wf(hin Ihe chaiitablÈ objectives. Where unGonditional giants are offered, these are accrued as soon as th• recipient 15 noQ'fied of the grant, as this giv8s rise lo a reasonable expectatlon that the ¢1p$ent wtll ieceive the grants. Where giants are conditional ielatiftg to pBrfomance then the gftint is only accrued when any Imfrjifilled condilsorbs are outside of the control of the charity. Full piovlslon is made for any traded call options open at the year end. Support eosts allocation Support cosls are tknse that assist the work ot tho ch4rily but do not directly repre5eJt charitable activiti88 and sndude govèmance wsts and admir¢lstrative cosls. They are incxjrred directly in support of expenditure on e objeu15 of the chaiity. WheTe support costs cannot be dlreelly attribuled lo parti¢ul81 headings they have been allor.ated to cosl ol raksing funds and expenditure on Ghafitable acttvlties on a basis ¢onsistenl with use of the TesoLir¢es. 1.6 Fixed a55et investments Inv8Stments are recognis8d ini¢iglly al fair valuè whkh 15 normalty the transaclion price excluding Iransactton costs. SubsequenU¥. they are measured at lair value with thanges recognised in 'n8t gainslllossesl u investmefits, in the SOFA rf th8 shares are publicly Ira4Jed or iheir fair value can oth8Twise be reliably measured. The ttustees have notified Investec Wealth & Investment Limited. their di5cietlonary investment managets, that they requye a banced r81um Iro)n incowne and capTtal growth ace8Pting a modeFÈle level ol risk. The trustee% review the inveslment rnandate and dlscu$s the performance of the invèstments and managernent at their meetings. 1.7 Cash and eash equlval¢nts Cash and cash 6qulvalenls IndL¢de cash in h8nd. deposits helij at call wlth banks. oth8r short-lerm Ilquld invgStmeDls with origina5 matwitlg5 Df three mDnths or less. and bank overdrafts. Bank overdrafts are shown within botrowngs in current liabilities. 1.8 Financial Instruments The charity has trlected to apply the provislons of Section 11 'Basic Fknanclal Inslrumetts. and Section 12 'Olh8r Financial Instruments Issues. of FRS 102 to all of Ils financial instruments. Flnancial instruments afe recognised in the charitys balanc8 sh8et when the charity becomes paty to the conlTactual provisions of the in6trumgnt. Financial assets 8nd liabllrfles are offset. wth the net attlounis presented in the finan¢ial ststemenls. when tr*or6 is a legalty enlorceable rfght to set off the reeognised amounts and (here is an intenlK)n to settle on a net basis or to realise the asset and settle the liability simultaneousty.
THE HAROLD AND ALICE BRIDGES CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 A¢countlng polscl•s Icontinugdl Baslc financial asséts Basic financial assels. whlch Indude debtots and cash and bank balar)ces, are initially measured at tr8n5actlon price Indudlng transaction costs arKS arè subsequently cattlod at arnortised cost using thtr effev Int8resl method unless lh8 airangemerst constitutes a fin8ncing trarb8actl¢n. whera the tranSaCtn méasured al thè present value tsf the future roGeipts discounlèd at a market rat8 of interest. Financial assets clas5ifitd as rec¢lvable wilhin one yeor are Th)t amortlsed. Baslc finan¢lal Ilabilili•s Basic finantial Itabllities. including creditors and bank loans ar8 inltsally recognis8d at transaction pdce unless the airangement constilLEt8s a financing transaction. wher8 thè debt instfumenl Is measured at the Psent va@ ol the future paymÈnis discounted al a market rate of interest. Financial liabllities dassified as payable within on• year ar8 nol amTlis8d. Debt Irhstruments arg subsequeNUy Ca1d at amortised cost. using th8 effedve inlgrest ialg tnelhod. Trad8 credltors are oblgatlons to psy lor goods or services Ihat ha¥9 boen acquired in th8 ordinary course of operations frorn suppliers. Amounts payablv are clas5ifted as current liabllllies if payment is duc withln o yeaT or less, If not, they are presented as non4urrent liabililies. Trade eredilors are recognised initlally at transaGlii>n pfice and 8ubsequently rneasured al amortised cost using th8 Effective interest method. Dere¢ognffltion of financial Ilabllllie$ Finawal fiabilities are deie¢ognised when thè chaisys contractual obli9attons expiie or arè dischafged or cancelled. Critical accountin9 e5tlmats$ and judgemènt5 In the applirntion ol the ch*ity's accounting ptrlicies, the trustees aiE required to make judgements. estimates and assuinptlOn8 about the ¢aTrying amount ol assèts and iiabilitses that are not readily apparent from other souices. rhe estimates and associated assumption5 are based on hlstorical experiencE and other factors that are considered lo be ielevant. Actual results may diffei from these estlmates. The estimat8s and underlying assumptions are reviewed on an ongo5ng b851s. Rewslons lo accounting eslimates 8re reGognlsed in Ihe period in whidi the estimate is revised where the revision affects only that P8ri0d. or in Ihe perlod of th¢ r¢vision and future periods wheT8 the revision 8ff¢cts both current and future periods. Income from investments Unreslrleted Unrestri¢t•d funds funds 2024 2023 Incomè frtsm listed investments Interest re¢eivabl8 145.351 3.461 138,979 946 148,812 139.925
THE HAROLD AND ALICE BRIDGES CHARITY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Other irs¢om¢ Unrestri¢ted Designated funds investment fund$ 2024 Total Unrestrletèd Designated funds inyestmènt funds 2023 Totsl 2024 2024 2023 2023 Returned d(m?lions lllcome from H & J Brxjges 1985 settlet Income from H Bridges 1986 Settlement 5,000 5.000 836 836 107 31.481 31,588 534 534 177 40,403 1,370 1.370 5.284 71.707 76,991 FcAlowkng the dealh of Chades Harold Bridges on 21 February 2023 the chartty became titled to 50Qk ol the capital and incom? of the H & J Brid9e5 198S Sethement and the Harold Biidges 1986 Settlement. Th8 income bs shown as recèived and the capital $5 adjusted lor market valuc at 5 April 2023. Raislng funds Deslgnated Desr9nated Investment investment fund fund 2024 2D23 Investment managefflent charges 23,765 24,374 23,785 24.374
THE HAROLD AND ALICE BRIDGES CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Expenditure on charltablg actlvlties 2024 2023 Direct costs Legal fees Accountancy fees Sundry expenses 12.060 9,6tio 432 11,580 9.000 342 22.152 20,922 Grant of activitieslsoe note 71 141000 114.600 Shar8 Df support and gov&manc• costs {see note 81 Govemance 2,160 2.880 166.312 138.402 Anatysis by fund Unréstricted frjnds Designated investment fund 160,450 5,862 132.915 5,487 1fj6.312 138.402 Grènts payable 2024 2023 Grants to institutions.. All Saints Grange Bowllno Club Anthony NolFAn FoUnda1n Arkholme School PTFA ArkhL)Ime Village Hall Armilt Litxary & Museum Centre Amside B(}lg Club Arnsidè P8rish Council Aslhtna Relief Aushmick Bowling Club Baby BBalApp881 Bolton le Sands Cri¢ket Cb Borwick & Priest Hutton War Memorial Hall Blackwell Salling Bleasdale School Bvrnesid8 Brass 8and Burton in Lonsdale Bowling Club Burton in Lonsdale Bowling Club CalvertTru51 Cancer Help {Prestonl Can¢¥r¢a Lan¢8St8r 2,000 1,000 1.500 4.000 2.000 1.000 2.000 1.000 2.000 2,000 2,OQO 1,000 3,000 I,ooo 3,000 5,000 2,000 2,000 2,000 10-
THE HAROLD AND ALICE BRIDGES CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR ThIE YEAR ENDED 5 APRIL 2024 Grants payable IContIn&dl Carnforlh Crick8t Club Camfoth Cotnmunty Swimming Pool Chrlsl Cht5rch LarKasler Chrf8t Church Wesham Clubday Clean Up UK Clitheroo Cricket & Bowllng Club Community Solutions NW Acwngton Cwiston lnskn.tule & Ruskin Museum cnbria Communlty Homes Derlan Hous8 Chll(Irens' HosplGe Frecklelon Willag& Memotial Hall Charity Friends of Copp School Fdends of Coupe Green Friends of Newton Community PaFk Friénds of the Harris Gatstang Subscription Bowllng Club Great Eccleslon Cri¢kèt Club Great H9C4)d Bowling Club GrimsaTgh Cfickél Club Growing Well Limited Hambleton SIng Cb Hambleton Tennis Club Hefon Corn Mlll Higham Village Hall Hoghtun Soclal & Sports Club Holme Bowling Club HolyTwlnlty Church. Hoghton Homby Bowling Club Hurst Green 8owling Club Hutton Root Vlllage Hall Ingleborough 8owlihg Club Ingleton Brass Band Ingleton Community Thtr8 Ingleton Cricket Club Ingleton Home Guard Ingleirjn 19405 Weekend Ing1eton Rural Cotnttiunily Assoclation In91 Swimmlng Pool Ingol & Tanlerton Communlty Trust Kirkby Lotssdale RUFC Klt*land & Catterall Memorial Hail Lake Dlstrfcl Foundation Lancs Teaching Hosp¥tal Lon9ton Victory Memorial Sports & Sodal Low Benihatn Public Hall & Vicloria Lunesld8 & Rosebank Bowling Club Lytham Crfckel Club Melltsr & District Community C8ntr& Mellor Brook & District Community Centr8 Morer2mbe Crieket Club New Longton Village Hall 4,000 1.000 3.000 I,ooo 500 1.000 2,000 1,000 3,000 2.5C 2.0 2.000 1.000 1,000 1.000 1.000 2.000 2.000 2,OOD 1,500 soo 2,000 1,500 I,SOO 1,500 500 2,000 700 1,500 1,500 2.750 4,000 1,000 1.500 2,000 1,500 1,000 1.000 3.000 3.000 3.000 1,0(Y) 2.000 3,000 2,C)00 2,000 1,000 2.000 2,000 750 1.01 1,000 2.000 500 2.000 2.000 2.000 1.500 11
THE HAROLD AND ALICE BRIDGES CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5APRIL 2024 GTants payablg Icontlnuedl Mewton Bluecoal C ol E Primary North Craven BUding Preservation Trust Park View 4U PCC ofAII Salnts Appley Bridge C of St Thomas Crossacre Pilling Sdver Jubslee Band Pillin9 Village Hall Read Cricket & Bowling Club Read & Simoneslone Vlllage H811 Re.'Source Blacktium RiThblesdale & Distr4¢t Camera Club Ribblesd81è Wanderers Cricket & Bowlln9 Rooftop Bees Bt8ckbuin R05em6re Cancer FoundatSon Sabden Vlllage Hall SHAPE Lancashiro SightAdvice South Lakes Skylarks Community Choir Slaveley Vlllage Hall St Jafft95 Parish Church st John the Baptist Chuych St John Vbanney Cathollc Piimary st Leonards Chur¢h Sl Luke5 Wlnrnarteh st Marks Primary S¢hoDI Nahand PTA St Mary's Hospice Ulverston St Matthews Church Sl Mlchael & All An9e15 Church Preston st Oswalds Dramatlsts st Pau15 Chwch Lancaster St Pau15 Scotforth stainlon Institule St Annes Copp Church Tho Boys Bri9ade The Brathy Trust The Friends of Conway Park The Friesian Experien The Wheety Boat Trust 1st Thomton Cleveleys Scout Group Tigerlily Trust Torrfsholme Crick6t Club, Lancaster Tovaah Ltd Ulries Walton BridlewaysAssociatlon Ufv&rston Inshore Rescue Warton & Distriet Bowling Club Warton Crk8t Club Whall8y Educational Foundatlon Winmarleigh Village H811 1,500 3.000 2.000 2.000 2.000 1.500 2,OCKI 1,000 2.000 1,500 1,ODO 500 3,000 1.000 2.000 2,000 2.000 1,000 500 1.000 3.000 1,000 8.000 6,0 2,0(XJ 3,000 1,0(y) 1,500 1,300 3,r0 I,(x)o 1,000 50D 1.000 3.000 3.000 2,000 2,000 3.000 z.000 3,000 1,000 3.000 1.000 2,500 2,000 500 2.500 3,000 1,000 1,1)00 2,000 2,000 114600 114600 142000 142000 12-
THE HAROLD AND ALICE BRIDGES CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Grdnts payable {ContSnuedl Support costs allDcatÈd to actlvitle$ 2024 2023 INlependent examinallon and prepamtion of statutory accounts 2,160 2,880 Anatysed botweon: Charilabk aciimtles 2.160 2.880 Independenl examlners remuneration amounts lo £1,80012023= £2.4001 exclusive ol VAT for Ihe Ind8pendBnt examinatioll of the financial statements. Trustees None of the trustees received any remuneration or beneffts from the charity durfng th& year. Connected party transactions are detalled in Nola 18. 10 Galns and losses on invèstments Deslgnated D•signated investment Investment funds funds 2024 2023 Gainsl{bssesl arfsing on.. Revaluation of investments Sale of inveslments 116,3641 83,780 {669.$461 391,191 67.416 {278,1551 11 TaxatiE>n Thè charlly Is exempt ffom lax on incorng atEd gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxalionol Chgrg8able Gains Act 1992 to the extent that thes8 are applied lo ils ¢haritabl8 objects. 13-
THE HAROLD AND ALICE BRIDGES CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDEO 5 APRIL 2024 12 Fixed asset inveslm¢nts Llsted Investments Cost or valuallon At 6 April 2023 Additions Nel irwestmenl k>sses Disposals 3.965,103 1.130,463 67.416 11.121.610) At 5April 2024 4,D41,372 Carry6ng amount At 05 April 2024 4,041,372 At 05 April 2023 3.965,103 2024 2023 Inv8Stm8nts al falr value comprisè.. UK flxed Ènterest Overseas fixed interest UK equstses Intwnalional equities AlteTfsgtive PrortY Cash availgb18 fi)r inve8tm8nt- Investec 622.054 431,V19 829,961 1,578.368 377,883 202.027 55,499 451,456 285.369 1,041,744 1,398.219 573,870 156,253 58,192 4.096,871 3.965,103 Fixed asset investments revalu Investments ar8 held by Invest6c Wealth & Investmenis Limrted, Stockbrokors, as nominees on behalf of the charTrty. Income is paid to the charity monlhly. 13 DebtOTS 2024 2023 Amounts falling duo withln one year.. Othèr debtOTS 163 72.256 14-
THE HAROLD AND ALICE BRIDGES CHARITY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 14 Creditors= amounts falllng du¢ withln one year 20Z4 2023 Other creditors Accruals and defgrred income 1,816 6.480 8,656 8,480 15 Funds These are deswnated investment funds whleth are materlal to Ihe charitys activ5. At 6 April 2023 Incoming resources Resourees expended Gains and losses At SApril 2024 4,030,778 12Y,6271 67,416 4,D68,567 Prevlous year At 6Aprll 2022 In¢ornlng resources Resourcès •xpended Galns and lossès At S April 2023 4.267,087 71,707 129.861) 1278,1551 4,030,778 16 Unrestri¢tÈd fund5 CompFise thè lunds whlch the trustees ale free to use in accordance with charitabb obl8cts. At 6 Aprll 2023 lTrcomlng resources Rèsour¢e8 expEnded At S Aprll 2024 GenBro1 funds 47.556 150,182 160.4501 37.288 Prevlous year: At 6 Aprll 2022 Incomlng re5¢Jurces Resouyeos expended At 5 Aprll 2023 General fund5 35,262 145.209 1132,9151 47,556 15-
THE HAROLD AND ALICE BRIDGES CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 17 Analysis of net assgts bgtween funds Unr95trictÈd Desi9rhated funds Invéstment fund 2024 Total 2024 2024 Fund balancès at S April 2024 are represented by.. Investments CLtrrenl a$$etsllliabllkthesl 4,041,372 27,195 4.041,372 64,483 37.288 37.288 4.068.567 4.105,855 Unrestrlcted Dèslgnated fund5 Investmènt fund 2023 Total 2023 2023 Fund balan5 at S April 2023 are rèprèsented by: Investments Currvnl a5setbllliabili'e$} 58,192 110,8361 3.906,911 123,867 3,965,103 113.231 47,556 4.030,776 4.078,334 18 Relatèd pttrty transactions rransactions with Felated parties Mr J D G Hinchliffe is an employeg of Mncenls Sollcilors. Duwlng tho year £12.060 {2023: £11.5801 was payable lo the fiTm by the charfty for 56ryices cairied out on behaw of the trustees. Mr C N Calvert is a cireclor of Rushtons INW) Limited TIA Rushlons Chartered Accountsnts. During thg y¢ar £9,66012023 ." £9,000) was payab16 to the fimi by the eharfty lor sewices carried out on b8halfof the trusteès. At the accounting period erK5 the sum of £3,96012023'. £3,600) w&s outstanding. 16-