2023-09-30-accounts - The Filsham Charitable Trust

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

REGISTERED CHARITY NUMBER: 328412

Report of the Trustees and

Unaudited Financial Statements
for the Year Ended 30 September 2023

for

The Filsham Charitable Trust

A J Bennewith
FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA
3 Wey Court
Mary Road
Guildford
Surrey
GU1 4QU

The Filsham Charitable Trust

Contents of the Financial Statements
for the Year Ended 30 September 2023

		`Page`
`Report of the Trustees`	`1`	`to`	`2`
`Independent Examiner's Report`		`3`
`Statement of Financial Activities`		`4`
`Balance Sheet`		`5`
`Notes to the Financial Statements`	`6`	`to`	`11`

The Filsham Charitable Trust

`Report of the Trustees for the Year Ended 30 September 2023`

The trusteespresenttheirreportwiththe financialstatementsof the charityfor the yearended30 September2023. The
trusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice
applicableto charitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableinthe UK
and Republic of Ireland (FRS 102) (effective 1 January 2019).

`OBJECTIVES AND ACTIVITIES`

`Objectives and aims`

The Trust operates for the advancement of education and professional development of UK and/or Burma residents.

`ACHIEVEMENT AND PERFORMANCE`

TheTrust'sfundswereusedto supporttheworkof AboveBarChurchinSouthampton,STEP(UK),whoworkwith street
children,refugeesinnorthernIraqandasmallnumberofChurchesandotherChristianactivities,includinglooked after
Childrenin Myanmar.The Charityhas also assistedanotherlargerCharityin passingfundsto thosesame areasof work in
Myanmar.TheTrusteesdeterminedthattwooftheirnumbershouldvisitMyanmartoseeevidenceoftheuseof the
fundssentto thatcountry.A largertrancheof fundsweresentfromthe othercharityto enablefundsto be takenby the
visiting Trustees in person.

`FINANCIAL REVIEW`

`Financial position`

The trustees refer the Charity Commission to the attached financial statements for the finances of the Trust.

`STRUCTURE, GOVERNANCE AND MANAGEMENT`

`Governing document`

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

`REFERENCE AND ADMINISTRATIVE DETAILS`

`Registered Charity number`

Principal address
11 Michael's Way
FAIR OAK
Eastleigh
Hampshire
SO50 7NR

`Trustees`

C Hughes
J V Drury
P J Hughes

`Independent Examiner`

A J Bennewith
FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA
3 Wey Court
Mary Road
Guildford
Surrey
GU1 4QU

Page 1

The Filsham Charitable Trust

`Report of the Trustees for the Year Ended 30 September 2023`

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

..........................................................................

C Hughes - Trustee

Page 2

`Independent Examiner's Report to the Trustees of The Filsham Charitable Trust`

`Independent examiner's report to the trustees of The Filsham Charitable Trust`

I reportto the charitytrusteeson my examinationof the accountsof The FilshamCharitableTrust(theTrust)for the year
ended 30 September 2023.

`Responsibilities and basis of report`

AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').

I reportin respectof my examinationof the Trust'saccountscarriedout underSection145of the Act andin carrying out
my examinationI havefollowedallapplicableDirectionsgivenby theCharityCommissionunderSection145(5)(b)of the
Act.

`Independent examiner's statement`

I havecompletedmy examination.I confirmthatnomaterialmattershavecometo my attentioninconnectionwith the
examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concernsand have come acrossno othermattersin connectionwith the examinationto whichattention should
be drawn in this report in order to enable a proper understanding of the accounts to be reached.

.......................................................

A J Bennewith
FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA
3 Wey Court
Mary Road
Guildford
Surrey
GU1 4QU

Date: .............................................

Page 3

The Filsham Charitable Trust

`Statement of Financial Activities`

`for the Year Ended 30 September 2023`

		`30.9.23`	`30.9.22`
		`Unrestricted`	`Total`
		`fund`	`funds`
	`Notes`	`£`	`£`
`INCOME AND ENDOWMENTS FROM`
`Donations and legacies`		`5,603`	`4,690`
`Charitable activities`	`2`
`Charitable activities`		`33,000`	`4,121`
`Other income`		`1,206`	`1,173`
`Total`		`39,809`	`9,984`
`EXPENDITURE ON`
`Charitable activities`
`Charitable activities`		`22,464`	`7,931`
`NET INCOME`		`17,345`	`2,053`
`RECONCILIATION OF FUNDS`
`Total funds brought forward`		`2,176`	`123`
`TOTAL FUNDS CARRIED FORWARD`		`19,521`	`2,176`

The notes form part of these financial statements

Page 4

The Filsham Charitable Trust

`Balance Sheet`

`30 September 2023`

		`30.9.23`	`30.9.22`
		`Unrestricted`	`Total`
		`fund`	`funds`
	`Notes`	`£`	`£`
`CURRENT ASSETS`
`Cash at bank`		`20,301`	`2,176`
`CREDITORS`
`Amounts falling due within one year`	`7`	`(780)`	`-`
`NET CURRENT ASSETS`		`19,521`	`2,176`
`TOTAL ASSETS LESS CURRENT LIABILITIES`		`19,521`	`2,176`
`NET ASSETS`		`19,521`	`2,176`
`FUNDS`	`8`
`Unrestricted funds`		`19,521`	`2,176`
`TOTAL FUNDS`		`19,521`	`2,176`

The financialstatementswere approvedby the Boardof Trusteesand authorisedfor issueon .............................................
and were signed on its behalf by:

.............................................
C Hughes - Trustee

The notes form part of these financial statements

Page 5

The Filsham Charitable Trust

Notes to the Financial Statements
for the Year Ended 30 September 2023

`1. ACCOUNTING POLICIES`

`Basis of preparing the financial statements`

Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicableto charitiespreparingtheir accountsin accordancewith the Financial Reporting
StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting
Standard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the Charities Act
2011. The financial statements have been prepared under the historical cost convention.

`Income`

All incomeis recognisedin the Statementof FinancialActivitiesoncethe charityhas entitlementto the funds,it  is
probable that the income will be received and the amount can be measured reliably.

`Expenditure`

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethata transferofeconomicbenefitswillberequiredinsettlement and
the amountof the obligationcan be measuredreliably.Expenditureis accountedfor on an accrualsbasisand has
beenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly
attributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of
resources.

Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedasa commitment
but not accrued as expenditure.

`Taxation`

The charity is exempt from tax on its charitable activities.

`Fund accounting`

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restrictedfundscan onlybe usedfor particularrestrictedpurposeswithinthe objectsof the charity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

continued...

Page 6

The Filsham Charitable Trust

`Notes to the Financial Statements - continued`

`for the Year Ended 30 September 2023`

`2. INCOME FROM CHARITABLE ACTIVITIES`

			`30.9.23`	`30.9.22`
		`Activity`	`£`	`£`
	`Grants`	`Charitable activities`	`33,000`	`4,121`
	`Grants received, included in the above, are as follows:`
			`30.9.23`	`30.9.22`
			`£`	`£`
	`G F Macaulay Trust`		`33,000`	`4,121`
`3.`	`GRANTS PAYABLE`
			`30.9.23`	`30.9.22`
			`£`	`£`
	`Charitable activities`		`21,585`	`7,931`
	`The total grants paid to institutions during the year was as follows:`
			`30.9.23`	`30.9.22`
			`£`	`£`
	`Burma Support`		`17,650`	`4,001`
	`Above Bar Church`
			`3,535`	`3,480`
	`Step UK`		`400`	`250`
	`UCCF`		`-`	`200`
			`21,585`	`7,931`

`4. TRUSTEES' REMUNERATION AND BENEFITS`

Therewerenotrustees'remunerationorotherbenefitsfortheyearended30September2023norforthe year
ended 30 September 2022.

`Trustees' expenses`

Therewerenotrustees'expensespaidfortheyearended30September2023norfortheyear ended
30 September 2022.

continued...

Page 7

The Filsham Charitable Trust

`Notes to the Financial Statements - continued for the Year Ended 30 September 2023`

`5. STAFF COSTS`

The average monthly number of employees during the year was as follows:

	`30.9.23`	`30.9.22`

	`-`	`-`

No employees received emoluments in excess of £60,000.

`6.`

`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`

`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`
	`Unrestricted`
	`fund`
	`£`
`INCOME AND ENDOWMENTS FROM`
`Donations and legacies`	`4,690`
`Charitable activities`
`Charitable activities`	`4,121`
`Other income`	`1,173`
`Total`	`9,984`
`EXPENDITURE ON`
`Charitable activities`
`Charitable activities`	`7,931`
`NET INCOME`	`2,053`
`RECONCILIATION OF FUNDS`
`Total funds brought forward`	`123`
`TOTAL FUNDS CARRIED FORWARD`	`2,176`

continued...

Page 8

The Filsham Charitable Trust

`Notes to the Financial Statements - continued`

`for the Year Ended 30 September 2023`

`7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`

`7.`	`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`
			`30.9.23`	`30.9.22`
			`£`	`£`
	`Other creditors`		`780`	`-`
`8.`	`MOVEMENT IN FUNDS`
			`Net`
		`At`	`movement`	`At`
		`1.10.22`	`in funds`	`30.9.23`
		`£`	`£`	`£`
	`Unrestricted funds`
	`General fund`	`2,176`	`17,345`	`19,521`
	`TOTAL FUNDS`	`2,176`	`17,345`	`19,521`
	`Net movement in funds, included in the above are as follows:`
		`Incoming`	`Resources`	`Movement`
		`resources`	`expended`	`in funds`
		`£`	`£`	`£`
	`Unrestricted funds`
	`General fund`	`39,809`	`(22,464)`	`17,345`
	`TOTAL FUNDS`	`39,809`	`(22,464)`	`17,345`
	`Comparatives for movement in funds`
			`Net`
		`At`	`movement`	`At`
		`1.10.21`	`in funds`	`30.9.22`
		`£`	`£`	`£`
	`Unrestricted funds`
	`General fund`	`123`	`2,053`	`2,176`
	`TOTAL FUNDS`	`123`	`2,053`	`2,176`

continued...

Page 9

The Filsham Charitable Trust

`Notes to the Financial Statements - continued for the Year Ended 30 September 2023`

`8. MOVEMENT IN FUNDS - continued`

Comparative net movement in funds, included in the above are as follows:

`Incoming`	`Incoming`	`Resources`	`Movement`
`resources`		`expended`	`in funds`
	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`9,984`	`(7,931)`	`2,053`
`TOTAL FUNDS`	`9,984`	`(7,931)`	`2,053`
`A current year 12 months and prior year 12 months combined position is as follows:`
		`Net`
	`At`	`movement`	`At`
	`1.10.21`	`in funds`	`30.9.23`
	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`123`	`19,398`	`19,521`
`TOTAL FUNDS`	`123`	`19,398`	`19,521`

A currentyear12 monthsandprioryear12 monthscombinednetmovementin funds,includedin theabove are
as follows:

	`Incoming`	`Resources`	`Movement`
	`resources`	`expended`	`in funds`
	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`49,793`	`(30,395)`	`19,398`
`TOTAL FUNDS`	`49,793`	`(30,395)`	`19,398`

continued...

Page 10

The Filsham Charitable Trust

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

`9. RELATED PARTY DISCLOSURES`

TheTrustmadetotalgrantsof£3,535toAboveBarChurchduringtheyearended30September2023 (2022:
£3,480) where a trustee of the Trust is also a trustee.

Page 11