BROAD PLAIN HOUSE (HIGHBURY MISSION) ANNUAL ACCOUNTS YEAR ENDED 31 MARCH 2024 Charity Number 250822
BROAD PLAIN HOUSE (HIGHBURY MISSION) TRUSTEES. ANNUAL REPORT YEAR ENDED 31 MARCH 2024 CONTENTS Page Trustees, Report Independent Examiners Report Receipts and Payments Account Satement of Assets and Liabilities
BROAD PLAIN HOUSE (HIGHBURY MISSION) TRUSTEES, ANNUAL REPORT YEAR ENDED 31 MARCH 2024 The Trustees have pleasure in presentingtheir report together with the accounts of the Charity for the year ended 31 March 2024. Charitable Purposes. Structure and Governance The charity's work was started in the 19th Century by members of Highbury Chapel, a Congregational church in Cotham, Bristol who ran a Sunday Schc>ol in central Bristol for children many of whom were not able to attend any'ordinary school" In 1972 Highbury Chapel decided to close and its members transferred to and became members of Redland Park United Reformed Church IRPURCI . RPURC continues to maintain strong links with the charity and most of the Trustees are also members of RPURC. The charity is linked with the charity Broad Plain & Riverside Youth Project which operates premise5 in central Bristol as a youth and sport5 club. The Charity was established by a Trust Deed of 1870 and sets out the purposes of the charity which in summary are - To erect, alter. take down. rebuild or improve buildings To permitthe buildings to be used for a Sunday School and for the holding of religious services and proceedings and meetings for any charitable social or benevolent object nol inconsistent with the dc>ctrines of Christianity. Until 2010 youth work was undertaken in premises in Knowle West through a youth club with associated social clLJb for former members of the yDUth club. The charity worked closely with Youth Noves lan organisation to combine all youth work in Knowle Westl until the withdrawal of local authority funding and Youth Noves decidingthat the charity's youth work was no longer required when the work ceased. After several unsuccessful efforts with local churches tc> utilise the Knowle West premises the youth club premises were eventually sold in 2022. The charity would like to use the proceeds of sale to continue to support youth work in Bristol and is in the process of changing its objects as follow5 To act as a resource foryoung people living in in Bristol, South Gloucestershire, North Somerset and Bath and North Somerset, by providing assistance includingfinancial assistance and advice as a means of: lal advancing in life and helpingyoLJng people by developingtheir skills, capacities and capabilitie5 lo enable them to participate in society as independent, mature and responsible individuals. Ibl advancingeducation including Protestant Christian education- Icl relieving unemployment- Idl providing recreational and leisure time activity in the interests of social welfare for people living in the area ol benefil who have need by reason of theiryouth, age, infirmity or disability,
poverty or social and economic circumstances with a view to improvingthe conditions of life of such persons., lel making contributic>ns towards the cost of maintainingyouth organisations Ioc8ted in the area of benefit includingyouth clubs, including the cost of repairs to buildings, the repair, provision or replacement of equipment, vehicles, books and furniture, and the salaries of their staff. The Charity'sTrustees are elected by its existingTrustees. A¢tlvltles Achlevements and Pertormance As the charity no longer owns premises suitable foryouth work, the activilies of the charity are restricled while permission is awaited from the Charity Commission to alter the objects of the charity. Its main activities this year have been Proposed Sale of Premises at Knowle West The charity has been negotiatingwith Broad Plain Social Club (which occupies premises owned by the charity), to sell the premises to them.11 15 hoped that this will be completed in the Autumn of2024. Investment of Sale Proceeds The sale proceeds from Ihe sale Df the Knowle West Youth Club were transferred ta inveslment advisers l M Finn during the year. The funds are currently in the process of being invested in a combination of shareholdings, investment trusts and government bonds. Flnanclal Revlew The charity has historicallygained fundingfor lis day to day activities from rental income from the BP Social Club, donations from RPURC and grants from BristDI City Council and youth projects with a small amountfrom investments. Following the sale of the Youth Club in 2022 and the recent acquisition ol investments, income from investments has increased and will provide the vast majority of the income stream going forward. For the year ended 31 March 2024, total cash receipts were £34.650. Cash payments totalled £12,756 and were incurred to cover property expenses and profes5ionalfees. Investment purchases totalled £934,828. The Trustees are in the process of drawing LJP criteria lor its grant-making activities that will be put in place once the Charity Commission has approved the change of objects. The Trustees have instructed our investment advisors to use the ethical guidelines drawn up the Unit ed Reformed Church when purchasinE new investments. The charity is currently in the process of reviewing its policy on resetves.
Reference and Admlnlstratlve Detalls CharityNumber 250822 MainAddress 57 Waverley Road, Bristol BS6 6ET Trustees Douglas Burnett Jane Rogers Anne Manuel Carole Atter Jane Beazer Chair Secretary Treasurer (Resigned 28 February 20241 Les Brentley Les Fry AndyGrand Andrew Hayden Daniel Hirsch Derek Jones Sally King Tearne Mebrahtu Richar Pedlar Approved by the Trustees and Signed on their behalf by.. D Burnell Chair ol Tiustees 02 January 2025
BROAD PLAIN HOUSE {HIGHBURY MISSION) INDEPENDENT EXAMINER'S REPORTTO THETRUSTEES YEAR ENDED 31 MARCH 2024 I report to the trustees on my examination of the accounts ol the above charity I"theTrust-I for the year ended 311312024. Responslbllltles and basls of report Agthe chaiitystrustees, you are ie5ponsible for the preparation of the accounts in accoidance with the requirements of the CharitiesAct 20111"theAct"l. I report in respect of myexamination of the Trust'5 aCCOUnts carried out undersection 145 of the 2011 Act and in carrying out rny examinaiion, I have followed all the applicable Directionsgiven bythe Charity Commission undersection 14515llbl of the Act. Indgpendont Exmlnerf$ Ststement I have completed rny exatnination. I confirmthat no rnaterial rnatteis have cometo myattention in connection with the examination which gives me causeto believe that in. anyrnaterial respect.. I the accounting records were not kept in accordance with section 130 of the Charities Act., or 2 the accounts did not accord with the accountingrecords. I have no concerns and have come across no other matters in connection With the examination to which attentlDn should be drawn In this report in orderto enable a proper understandingof the accountsto be ieathed. Signed- Date- 02 January 2025 Name: Joshua Neil Kingston Bsc ACA Relevant professional qualificationlsl or ICAEW Ilnstilute of Chartered Accountsnts in England & Wales body lif anyl- Burton Sweet The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1 UR
BROAD PLAIN HOUSE IHIGHBURY MISSION) Recelpts and PaymentsAccount YEAR ENDED 31 MARCH 2024 2024 Restricted Funds 2023 Total Funds Unrestricted Funds Endowment Funds Total Funds Receipts Investment Income Use of premises Ulililies refunds Total ReIP1S 32,080 2,475 95 32,175 2,475 9,482 9,900 3,183 22,565 34,555 95 34,650 Payments Rates & Utilities Insurance Professional Fees Investment Management Fees Sub Totsl 476 3,399 476 3,399 1,170 2,527 10,000 8,881 8,881 8,881 12,756 3,875 13,697 Investment Purchases New investments 934,828 934,828 Total Payments 3,875 943,709 947,584 13,697 Net Rgceipts {Paymentsl 30,680 95 1943,7091 1912,9341 8,868 Cash Funds 1 April 2023 99,707 3,837 1,255,520 1,359,064 1,350,196 Cash Funds 31 March 2024 130,387 3,932 311,811 446,130 1,359,064
BROAD PLAIN HOUSE (HIGHBURY MISSION) Statement of Assets and Llabilities YEAR ENDED 31 MARCH 2024 2024 Unrestricted Restricted Funds Funds 2023 Total Fund$ Endowment Funds Total Funds Cash Funds Other Monetary Assets Investments Debtors 130,387 3,932 311,811 446,130 1,359,064 69,639 1,035 74,606 1,167,522 1,237,161 3,560 1,479,333 1,686,851 179,716 3,560 1,542,340 2,525 132,912 Liabilities Retention for unspent grant Independent Examiners Fee 11,648 720 12,368 11,648 720 12,368 11,648 11,648 Fund BalanS at 31 March 2024 120,544 74,606 1,479,333 1,674,483 1,530,692 Fund Balances Transfers & Invstment Payments Gains 0110412023 Receipts 3110312024 Unrestricted Funds M Cocks Appeal 1987 General Resewes Total Unrestricted Funds 601 118,688 119,289 601 119,943 120,544 9,194 9,194 13,8751 14,0641 13,8751 14,0641 Restricted Funds Newton Colbourne Fund Riverside Repayment Fund Total Restricted Funds 2,802 62,385 65,187 95 2,897 71,709 74,606 9,324 9,324 95 Endowment Funds 1,346,216 25,361 18,8811 116,637 1,479,333 Total Funds 1,530,692 34,650 112,7561 121,897 1,674,483