## **Trustees' Annual Report for the period**
Period start date Period end date Day Month Year Day Month Year **From** 01 April 2023 **To** 31 Mar 2024
Section A Reference and administration details
**Charity name**
**FRY BROTHERS CHARITY**
**Other names charity is known by**
**Registered charity number (if any)** 284669
**Charity's principal address** Michele Harding, C/o West Elworth Farm, Portesham
Weymouth Dorset **Postcode DT3 4HF**
**Names of the charity trustees who manage the charity**
**----- Start of picture text -----**
Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 Judith Norman Chairperson/Trustee Fry Brothers Charity
2 Jane Elwood Trustee Fry Brothers Charity
3 Vicky Finding Trustee Fry Brothers Charity
4 Martin Jolliffe Trustee Fry Brothers Charity
5 John Pengelly Trustee Fry Brothers Charity
6 Stephen Slade Trustee Fry Brothers Charity
7
8
9
10
11
12
13
14
15
16
17
18
19
20
**----- End of picture text -----**
**Names of the trustees for the charity, if any, (for example, any custodian trustees)**
**Name Dates acted if not for whole year**
March **2024**
**TAR**
1
## **Names and addresses of advisers (Optional information)**
**Type of adviser Name Address**
## **Name of chief executive or names of senior staff members (Optional information)**
Michele Harding (Secretary and Book-keeper)
## **Section B Structure, governance and management**
**Description of the charity’s trusts**
Type of governing document
Scheme of the Charity Commissioners
(eg. trust deed, constitution)
How the charity is constituted
Charitable Trust
(eg. trust, association, company)
Trustee selection methods
Election
(eg. appointed by, elected by)
## **Additional governance issues (Optional information)**
You **may choose** to include additional information, where relevant, about:
- policies and procedures adopted for the induction and training of trustees;
- the charity’s organisational structure and any wider network with which the charity works;
- relationship with any related parties;
- Trustees’ consideration of major risks and the system and procedures to manage them.
**Summary of the objects of the charity set out in its governing document**
To manage the properties, improving and increasing if necessary, giving tenancy priority to personnel who have been employed in landbased employment and have to vacate tied accommodation in Portesham and the neighbourhood thereof.
March **2024**
**TAR**
2
**Alms-houses – the said land with the buildings thereon shall be appropriated and used as alms-houses for the accommodation of residents in conformity with the provisions of this scheme** .
In May 2023 the Charity was fortunate to purchase a bungalow in Chickerell to add to its portfolio. A new tenant moved into the property in January 2024. During the year several maintenance jobs were carried out, summary **Summary of the main** below: **activities undertaken for the public benefit in relation to these objects (include within** Level and relay a patio, plumbing works to several properties, gutter **this section the statutory** clearance, drains and boiler service. Smoke detectors fitted and work **declaration that trustees have** to the new property ready for the new tenant were undertaken. **had regard to the guidance issued by the Charity** The trustees held a tenant’s annual lunch in April, which was well **Commission on public** received by all who were able to attend. **benefit)** The secretary was able to carry out the monthly visits to all tenants in the year.
## **Additional details of objectives and activities (Optional information)**
The previous secretary left the role at the end of March and new secretary started on 1[st] March who is maintaining the website.
The trustees held a lunch for the tenants.
You **may choose** to include further statements, where relevant, about:
- policy on grantmaking;
- policy programme related investment;
- Contribution made by volunteers.
new
March **2024**
**TAR**
3
Section D Achievements and performance
**Summary of the main achievements of the charity** Maintaining the fabric of the buildings is ongoing for the comfort of **during the year** tenants. Successful in adding to its portfolio and providing accommodation for a new tenant. The website is used for Charity information and posting photographs to showcase the tenants’ gardens as well as activities. http://frybrotherscharity.org.uk/
March **2024**
**TAR**
4
## **Section E Financial review**
**Brief statement of the Cyclical Maintenance Fund** – the Trustees may establish and maintain a **charity’s policy on reserves** reserve fund, to be entitled the Cyclical Maintenance Fund, for the purpose of providing for those items of ordinary maintenance and repair for the alms-houses belonging to the Charity.
**Extraordinary Repair Fund** – for the purpose of providing extraordinary repair, improvement or rebuilding of the alms-houses. The funds shall be established with the sum of £10,000 from the accumulated income of the Charity and maintained by the income for the Charity. The trustees may at any time apply the fund but if the fund is not applied it shall be invested in trust for the Charity .
**Details of any funds materially in deficit**
none
## **Further financial review details (Optional information)**
You **may choose** to include additional information, where relevant about:
- the charity’s principal £41,414 received from rental income and £2,543 interest and other income. sources of funds (including any fundraising); £294,991 invested in upgrading properties, general maintenance and
- how expenditure has Careline services. supported the key objectives of the charity;
- Investment policy and The Trustees shall first defray out of the income of the Charity the cost of maintaining the property of the Charity (including the repair and insurance
- objectives including any of any buildings thereon) and all other charges and outgoings payable in
- ethical investment policy adopted. respect thereof and all the proper costs, charges and expenses of and incidental to the administration and management of the Charity.
## **Section F Other optional information**
Nicola Smith, who had held the post of Secretary to Fry Brothers for three years, stepped down from the role in March 24 and her place has been taken by Michele Harding.
## **Section G Declaration**
**The trustees declare that they have approved the trustees’ report above.**
March **2024**
**TAR**
5
**Signed on behalf of the charity’s trustees**
|**Signature(s)**
**Position (eg Secretary, Chair,**
**etc)**
**Date**|Judith Norman
Martin Jolliffe|
|---|---|
||
Chairperson/Trustee
Chairperson/Trustee|
||15/08/2024
15/08/2024|
March **2024**
**TAR**
6
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Fry Brothers Charity 284669
Receipts and payments accounts CC16a
For the period Period start date Period end date
To
from 01/04/2023 31/03/2024
Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds Last year
funds funds funds
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Rents from land and buildings 41,414 - - 41,414 35,479
Building society interest 1,480 260 334 2,074 1,804
Bank deposit interest 469 - - 469 95
- - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total (Gross income for
260 334 43,957 37,378
AR) [ 43,363 ]
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total - - - - -
Total receipts 43,363 260 334 43,957 37,378
A3 Payments
Property repairs and maintenance 6,898 1,206 - 8,104 21,618
Careline monitoring services 818 - - 818 670
Tenacy Agreement 240 240 -
Insurance 3,821 - - 3,821 2,945
Secretarial fees and expenses 8,108 - - 8,108 5,467
Independent examination fee 888 - - 888 630
Tenants lunch 235 - - 235 323
Miscellaneous 797 - - 797 93
- - - - -
Sub total [ 21,805 ] 1,206 - 23,011 31,746
A4 Asset and investment
purchases, (see table)
Costs on account of 13
31,570
Rashley Rd purchase 244,786 - 27,194 271,980
- - - -
Sub total [ 244,786 ] - 27,194 271,980 31,570
Total payments 266,591 1,206 27,194 294,991 63,316
Net of receipts/(payments) - 223,228 - 946 - 26,860 - 251,034 - 25,938
A5 Transfers between funds - - - - -
A6 Cash funds last year end 273,500 14,952 26,860 315,312 299,873
Cash funds this year end 50,272 14,006 - 64,278 273,935
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CCXX R1 accounts (SS)
04/09/2024
1
## **Section B Statement of assets and liabilities at the end of the period**
|**Categories**
Signed by one or two trustees on
behalf of all the trustees
**B1 Cash funds**
**B2 Other monetary assets**
**B4 Assets retained for the**
**charity’s own use**
**B5 Liabilities**
**B3 Investment assets**|Accountancy fee
Charity bank accounts
Land and Buildings 13 Rashley Road
Land and Buildings 13 Rashley Road
**Details**
**Details**
Land & Buildings 5,7,9,10,11,12 Frys Close
Land & Buildings 14 Back St
Land & Buildings 16 Cementry Rd
Land & Buildings 3a Frys Close
Land & Buildings Improvements
Lloyds bank current account
Lloyds bank deposit account
**Details**
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
**Details**|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**34,111**
**-**
**5,825**
**-**
**10,336**
**14,006**
**50,272**
**14,006**
OK
OK
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
Endowment
**185,757**
Endowment
**63,384**
General
**67,742**
General
**57,899**
General
**55,424**
Endowment
**27,194**
General
**276,356**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
General
**932**
**-**
Signature
Mrs J Norman
Mr M Jolliffe|**Endowment**
**funds**
**to nearest £**
**-**
**-**|
|---|---|---|---|
||||**-**|
||||OK|
||||**Endowment**
**funds**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**Current value**
**(optional)**
**-**
**-**
**-**
**-**
**-**
**Current value**
**(optional)**
**1,331,104**
**257,546**
**240,415**
**185,000**
**-**
**-**
**-**
**-**
**-**
**When due**
**(optional)**
Date of
approval
15/08/2024
15/08/2024|
Signed by one or two trustees on behalf of all the trustees
CCXX R2 accounts (SS)
04/09/2024
2
**Fry Brothers Charity** Independent Examiner’s Report to the Trustees For the Year Ended 31 March 2024
## **Independent examiners report to the Trustees of the Fry Brothers Charity**
I report to the trustees on my examination of the accounts for Fry Brothers Charity (“the charity”) for the year ended 31 March 2024.
## **Responsibilities and basis of report**
As the charity trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the 2011 Act”).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
2. the accounts do not comply with these records
I 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 accounts to be reached.
## **Michelle Ferris BSc(Hons) FCA DChA**
Albert Goodman LLP Chartered Accountants Goodwood House Blackbrook Park Avenue Taunton Somerset TA1 2PX
Date: 3 September 2024