THE ASSOCIATION OF FRIENDS OF ZETLAND COURT Charity Number: 296598
Report and Financial Statements For the Year Ended 31[st] December 2023
L N Summerson – FMAAT (Licensed) A42 Arena Business Centre 9 Nimrod Way Ferndown Industrial Estate Wimborne, Dorset BH21 7UH
THE ASSOCIATION OF FRIENDS OF ZETLAND COURT
Contents
| Reference and Administrative Information Report of the Trustees Independent Examiner’s Report Statement of Financial Activities Balance Sheet Notes forming part of the Financial Statements |
Page 1 2-3 4 5 6 7-10 |
|---|---|
THE ASSOCIATION OF FRIENDS OF ZETLAND COURT
Legal and Administrative Information
Trustees:
Stephen Chislett, Treasurer Julian Redstone, Chairman Richard Gliddon, Vice Chairman Carolyn Mackay, Secretary
Registered Office: Zetland Court 128 Alumhurst Road Bournemouth BH 4 8HU
Bankers: National Westminster Bank plc Arndale House 243 High Street Poole BH15 1BD
Page 1
THE ASSOCIATION OF FRIENDS OF ZETLAND COURT
Report of the Trustees for the Year Ended 31[st] December 2023
Trustees’ Annual Report
The executive Committee of the Association of Friends of Zetland Court is pleased to present its report for the year ended 31[st] December 2023.
Structure, Governance and Management
The charity is governed by the amended constitution which was adopted on 28[th] March 1987.
Objectives and Activities
The charity’s objects are to advance the charitable objects of the royal Masonic Benevolent Institution and in particular to relieve residents of Zetland Court by providing or assisting in the provision of amenities for the residents and staff.
Public Benefit
The Trustees have given due regard to public benefit when planning the charity’s activities, in accordance with Sections G2 and G3 of the Charity Commission’s General Guidance on Public Benefit (January 2008).
This report sets out our activities, achievements and performance during the year, which are directly related to the objects and purposes for which the charity exists. The charity achieves its principal objects and purposes though providing and/or assisting in the provision of amenities for the residents and staff at the Royal Masonic Benevolent Institution, in particular the residents of Zetland Court. These benefits are directly related to the aims of the charity and are fully compliant with Principles 1 and 2 of the Charity Commission Principles on Public Benefit.
Achievements and Performance
The Association raises money from the Freemasons of Dorset, Hampshire and the Isle of Wight and Wiltshire to provide additional comfort for the residents of Zetland Court and by offering life Membership of the Association to brethren in exchange for a single subscription.
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THE ASSOCIATION OF FRIENDS OF ZETLAND COURT
Report of the Trustees for the Year Ended 31[st] December 2023 (continued)
Reserves Policy
Free reserves are maintained at a level that would be sufficient to cover one year’s unrestricted expenditure. At the year end, free reserves were £164237 which represents approximately one year’s expenditure. Steps are being taken to identify needs upon which accumulated funds may be spent.
The designated fund is maintained to cover future periods of depreciation of tangible fixed assets.
Appointment of Trustees
The Trustees seek to utilise the talents and abilities of its members as the need arises within the trustee body. The Trustees try to keep a minimum of four trustees.
Financial Review
The total income for the year was £102163 (£21811 - 2022) and expenses totalled £21044 (£17521 - 2022) resulting in a surplus for the year of £81119 (£4290– 2022).
The charity’s net assets totalled £164237 (£83118 – 2022).
Plans for the Future Periods
The charity will continue to operate on a similar basis to previous years. No major changes are expected.
Approved by the trustees and signed on their behalf by:
…………………………………..
Julian Redstone Chairman
Date: ……………………………
Page 3
THE ASSOCIATION OF FRIENDS OF ZETLAND COURT
Independent Examiner’s Report to the Trustees of The Association of Friends of Zetland Court
Basis of Independent Examiner’s Report
The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under Section 144(2) of the Charities Act 2011 (the 2011Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under Section 145 of the 2011 Act;
-
follow the procedures laid down in the General Directions given by the Charity Commissioner under Section 145(5)(b) of the 2011Act; and
-
state whether particular matters have come to my attention.
My examination was carried out in accordance with the General Directions given by the Charity Commissions. 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 seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion as to whether the accounts present a “true and fair view” and the report is limited to those mattes set out in the statement below.
Independent Examiner’s Statement
In connection with my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with Section 130 of the 2011 Act; and
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to prepare accounts which accord with the accounting records, comply with the accounting requirements of the 2011 Act and
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(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
L N Summerson – FMAAT (Licenced) A42,Arena Business Centre
9 Nimrod Way Ferndown Industrial Estate Wimborne, Dorset BH21 7UH
Page 4
THE ASSOCIATION OF FRIENDS OF ZETLAND COURT
Statement of Financial Activities For the Year Ended 31[st] December 2023
| Notes Unrestricted Funds Restricted Funds £ £ Incoming Resources Incoming resources from generated funds: Voluntary income 2 3732 - Activities for generating funds 3 13431 - Investment income 4 7 - Other income 5 _85000 - Total incoming resources 102163 - Resources expended Charitable activities 6 20694 - Governance costs 7 __350 - Total resources expended 21044 - Net movement in funds 81119 - Reconciliation of funds Total funds brought forward _51118 32000 132231 32000 Transfer between funds (4000) _4000 Total funds carried forward 128237 36000 |
Total 2023 £ 3732 13431 7 _85000 102163 20694 __350 21044 81119 83118 164237 ___-__ 164237 |
Total 2022 £ 3836 17968 7 _____- 21811 17171 __350 17521 4290 78828 83118 ___-__ 83118 |
|---|---|---|
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THE ASSOCIATION OF FRIENDS OF ZETLAND COURT
Balance Sheet As at 31[st] December 2023
| Fixed Assets Tangible assets Current Assets Stock Debtors Cash at bank and in hand Creditors: amounts falling due within one year Net current assets Net assets Funds Unrestricted funds Unrestricted income funds Total charity funds |
Notes 10 11 12 |
2023 2022 £ £ 1905 1905 0 0 0 0 162682 81563 162682 81563 __350 __350 164237 81213 164237 83118 128237 51118 128237 51118 |
|---|---|---|
The financial statements have been prepared in accordance with the Statement of recommended Practice Accounting and Reporting by Charities SORP 2015 (FRSSE), and the Charities Act 2011.
The financial statement on pages 5 to 10 were approved by the trustees on ………….. and signed on their behalf by:
…………………………………………. S Chislett Treasurer
Page 6
THE ASSOCIATION OF FRIENDS OF ZETLAND COURT
Notes forming part of the financial statements for the year ended 31[st] December 2023
1. Accounting Policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice Accounting and Reporting by Charities SORP 2015 (FRSSE) , and the Charities Act 2011.
Fund Accounting Policy
Unrestricted income funds are general funds that are available for use at the trustees’ discretion in furtherance of the objectives of the charity.
Designated funds are unrestricted funds set aside at the discretion of the trustees for specific purposes.
Further details of each fund are disclosed in note 15.
Incoming resources
Donations are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.
Income derived from events is recognised as earned (that is, as the related goods or services are provided).
Investment income is recognised on a receivable basis.
Resources expended
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Costs of generating funds are the costs associated with attracting voluntary income.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
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THE ASSOCIATION OF FRIENDS OF ZETLAND COURT
Notes forming part of the financial statements for the year ended 31[st] December 2023 (continued)
Governance costs
Governance costs include costs of the preparation and examination of the statutory accounts, the costs of the trustee meetings and the cost of any legal advice to trustees on governance or constitutional matter.
Depreciation
Depreciation has been provided to write off the cost of tangible fixed assets over their estimated useful lives.
Investments
Fixed asset investments are included at cost of acquisition.
Stock
Stock is valued at the lower of cost or net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Items donated for resale or distribution are not included in the financial statements until they are sold or distributed.
2. Voluntary Income
| Unrestricted | Total Funds | Total Funds | |
|---|---|---|---|
| Funds | 2023 | 2022 | |
| £ | £ | £ | |
| Donations | 3732 | 3732 | 3836 |
| tivities for Generating Funds | |||
| Unrestricted | Total Funds | Total Funds | |
| Funds | 2023 | 2022 | |
| £ | £ | £ | |
| Proceeds from fundraising | 13431 | 13431 | 17968 |
| activities |
3. Activities for Generating Funds
Page 8
THE ASSOCIATION OF FRIENDS OF ZETLAND COURT
Notes forming part of the financial statements for the year ended 31[st] December 2023 (continued)
| **4. ** | Investment Income | |||
|---|---|---|---|---|
| Unrestricted | Total Funds | Total Funds | ||
| Funds | 2023 | 2022 | ||
| £ | £ | £ | ||
| Interest on investments and | - | - | 7 | |
| cash deposits | ||||
| **5. ** | Other Income | |||
| Unrestricted | Total Funds | Total Funds | ||
| Funds | 2023 | 2022 | ||
| £ | £ | £ | ||
| Ground Patron | 0 | 0 | 0 | |
| Miscellaneous Income | 0 | 0 | 0 | |
| Profit on disposal of fixed | 0 | 0 | 0 | |
| assets | ||||
| 0 | 0 | 0 | ||
| **6. ** | Analysis of charitable activities | |||
| Charitable | Total | |||
| Activities | ||||
| £ | £ | |||
| Residents’ amenity fund | 12030 | 12030 | ||
| Activities & presents to residents | 8444 | 8444 | ||
| Website & PR | 200 | 200 | ||
| Sundry expenses | 20 | 20 | ||
| Equipment & facilities for residents | ______ | ______ | ||
| 20694 | 20694 | |||
| **7. ** | Governance costs | |||
| Unrestricted | Total Funds | Total Funds | ||
| Funds | 2023 | 2022 | ||
| £ | £ | £ | ||
| Independent examination fees | 350 | 350 | 350 |
Page 9
THE ASSOCIATION OF FRIENDS OF ZETLAND COURT
Notes forming part of the financial statements for the year ended 31[st] December 2023 (continued)
8. Trustees’ remuneration and expenses
| No trustee received any remuneration or reimbursed | expenses during this year | expenses during this year | |
|---|---|---|---|
| (2022 - £nil). | |||
| **9. ** | Net outgoing resources | ||
| Net outgoing resources is stated after charging: | |||
| 2023 | 2022 | ||
| £ | £ | ||
| Depreciation of tangible fixed assets | 0 | 0 | |
| **10. ** | Tangible Fixed Assets | ||
| Fixtures, | |||
| fittings and | |||
| equipment | |||
| £ | |||
| Cost | |||
| At 1 January 2023 | 74857 | ||
| Additions | - | ||
| Disposals | _____- | ||
| At 31 December 2023 | 74857 | ||
| Depreciation | |||
| At 1 January 2023 | 72952 | ||
| Charge for the year | - | ||
| Disposals | _____- | ||
| At 31 December 2023 | 72952 | ||
| Net book Value | |||
| At 31 December 2023 | 1905 | ||
| At 31 December 2022 | 1905 | ||
| **11. ** | Debtors | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Prepayments and accrued income | 0 | 0 |
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