OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-04-05-accounts

Charity registration number 281239

BARRY AMIEL & NORMAN MELBURN TRUST

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

BARRY AMIEL & NORMAN MELBURN TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Rebecca Amiel Michael Rustin Kate Hudson Dr Alan Finlayson Professor Marjorie Mayo Donald Sassoon Edward Lewis I Nagdee Professor G B Bhattacharyya Charity number 281239 Independent examiner Gravita AH Limited 30 City Road London EC1Y 2AB

BARRY AMIEL & NORMAN MELBURN TRUST

CONTENTS

Page
Trustees' report 1 - 2
Independent examiner's report 3
Statement of financial activities 4
Balance sheet 5
Notes to the financial statements 6 - 8

BARRY AMIEL & NORMAN MELBURN TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2023

The Trustees present their annual report and financial statements for the year ended 5 April 2023.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, the Charities Act 2011 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005.

Objectives and activities

Organisation of the Charity

The Charity is organised and administered by the Trustees, who meet four times a year and take collective decisions on all aspects of the Charity's affairs, including the allocation of funds for charitable objectives.

Trustees

In accordance with clause 10.1 of the 2011 deed, the following trustees retired at the July 2022 meeting: � Clifford Singer

The following trustees retired by rotation at the October 2022 meeting and were re-elected:

Charitable Objectives

The Barry Amiel & Norman Melburn Trust is a non-profit making Charity registered in England and Wales.

The principle objective of the Charity is to apply the income at such times as the Trustees in their absolute discretion think fit for charitable purposes only, in accordance with the objectives stated in our Charity deeds.

In accordance with the Charity deeds, the objectives of the Charity are to advance the public education, learning and knowledge in all aspects of the philosophy of Marxism, the history of socialism and the working class movement.

In pursuance of these objectives, the Charity gives financial assistance to bodies or individuals for projects which the Charity considers fall within the scope of the Charity's objectives.

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

Charitable Activities 2022 - 2023

In this financial year, the Charity funded a variety of projects in accordance with the charitable objectives.

BARRY AMIEL & NORMAN MELBURN TRUST

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF BARRY AMIEL & NORMAN MELBURN TRUST

We report to the Trustees on our examination of the financial statements of Barry Amiel & Norman Melburn Trust (the charity) for the year ended 5 April 2023.

Responsibilities and basis of report

The Trustees of the charity are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

We report in respect of the examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out the examination we have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

We understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

We have completed our examination. we confirm that no matters have come to our attention in connection with the examination giving us cause to believe that in any material respect:

We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Gravita AH Limited

30 City Road London EC1Y 2AB

Dated: ......................... 9 February 2024

BARRY AMIEL & NORMAN MELBURN TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 5 APRIL 2023

Notes
Income from:
Donations and legacies
2
Investments
3
Total income
Expenditure on:
Governance costs
4
Charitable activities
5
Total resources expended
Net gains/(losses) on investments
Net expenditure for the year/
Net movement in funds
Fund balances at 6 April 2022
Fund balances at 5 April 2023		 2023
£
5,025
23,041
28,066
38,698
151,938
190,636
(196,593)
(359,163)
3,163,495
2,804,332		 2022
£
-
21,276
21,276
41,690
115,492
157,182
111,370
(24,536)
3,188,031
3,163,495

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

BARRY AMIEL & NORMAN MELBURN TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

1 Accounting policies

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

1.3 Resources expended

Direct Charitable Expenditure is expenditure directly attributable to the objectives of the Charity and is recognised when incurred.

1.4 Investments

Investments are stated at market value.

2 Donations and legacies

Donations and gifts
Legacies receivable		 2023
£
5
5,020
5,025		 2022
£
-
-
-

BARRY AMIEL & NORMAN MELBURN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023

3 Investment income

Income from unlisted investments
Interest receivable		 2023
£
19,407
3,634
23,041		 2022
£
18,144
3,132
21,276

4 Governance Costs

Governance costs comprise:

Room hire
Secretarial fees
Sundry
Website and computer expenses
Accountancy
Accountancy Software
Bank Fees		 2023
£
1,383
25,439
3,898
2,152
5,340
486
-
38,698		 2022
£
-
22,330
2,359
16,460
-
432
109
41,690

5 Activities undertaken directly

Costs relating to direct charitable expenditure comprise:

Conferences and seminars
Publications and pamphlets
Annual fellowship
Research and archiving		 2023
£
57,799
51,532
17,749
24,858
151,938		 2022
£
49,765
26,150
9,250
30,327
115,492

6 Trustees

No remuneration was paid to Trustees during the year.

The Trust reimbursed expenses of £1,258 (2022: £nil) to Trustees for expenses incurred during the year.

BARRY AMIEL & NORMAN MELBURN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023

7 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

8 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
2023 2022
£ £
Other taxation and social security (241) (241)