(Registered Charty Number 502454) CARNBREA ENDOWMENT FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Prepared by: Nicklin Accountancy Services Mited Chartered Accountants Church Court Stourbridge Road Hale50wen West Midlands 8633
CARNBREA ENDOWMENT FUND CONTENTS PAGE Page I Independent Examlner's Report Page 2 Tiu5tees Report Page 3 Balance Sheet Page 4 IoMe and Expenditure Account
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CARNBREA ENDOWMENT FUND (Registered Charity Number 502454) I report to the trustees on my examinatlon of the accounts of the Carnbrea Endowment Fund for the year ended 31 March 2024. nsl Iltties an As the trustees of the Carnbrea Endowment Fund, you are responslble for the preparatlon of the accounts In accordance with the requlrements of the Charities Act 2011 Cthe Acf). I report In respert of my examlnation of the Carnbrea Endowment Fund's accounts carrled out undef sectlon 145 of the Art and In carrylng out my examination I have followed all the 3ppllGable Dlrectlons given by the Charty Commlsslon under sertion 145(5)(b) of the Act. en ment I have completed my examlnatlon. I confirm that no material matters have conie to my attentlon In onnecmon with the examlnation givlng me cause to believe that in any materlal reg)ect: accountlng recoTds were not kept in respert of the Carnbrea Endowment Fund as reqvlred by SectSon 130 of the Art. or the accounts do not accord wrth those records. I have no concerns and have come across no other matters In connection with the examlnatlon to which attention should be drawn in this report in order to enable a proper underst3ndlng of the accounts to be reached. ElSzabeth Mcmillan FCCA A Nickllii Accountancy servIs Llmlted Chartered Accountants Church Court Stourbrldge Road Halesowen West Midlands B633 Date . 16 Septen)ber 2024 Page I
TRUSTEES REPORT CARNBREA ENDOWMENT FUND- YEAR ENDED 31 MARCH 2024 The Trustees are pleased to report the finanS of the Trust are In go(xl order and have been so thr(MJghout the year. Finandal assistance to worthy causes has been provided this year. Olstribution of the Trustee Funds has been granted by the Trustees in accordance with their present objects and the Trustees look forward to administering the Trust acttvities in the forthcoming year. The trustees shown below have held Off1 during the whole of the perlc¥J from l April 2023 to the date of thls report: Mr G Mather Mr G Dochety Mrs A Coppin Slgned Signed ..Trustee .Trustee Date,. 16 September 2024 Page 2
CARNBREA ENDOWMENT FUND BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 IWESTMENTS 21,570.44 Units (2023: 23,510.67 Units) Charibes Offlclal Investment Fund Income Shares 34,732.03 37,856.13 On 31 March 2024 £440,740.17 (2023: £440,510.02) (See Note l) CURRENT ASSErs Cash at Bank 967.45 2,929.37 35,699.48 40,785.50 CURRE LYABILITIES Accrvals 360.00 TOTAL ASss LESS CURRENT LIABILlEs 35,339.48 40,785.50 Represented By:" CAPITAL AccouKr Balance at l April 2023 Deficlt in year 40,785.50 <5,446.02) 47,335.63 (6,550.13) 35,339.48 40,785.50 TRUSTEES 16 Septeniber 2024 DATE Page 3
CARNBREA ENDOWMENT FUND INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 INCOME Interest on securitle5 not taxed at Sour.. Olvldends Compensation ReIpt Profrt On Disposal Of Shares 12,050.14 12,879.41 80.00 9,156.71 33,125.90 45,176.04 22,116.12 Less Independent Examlners Fees Benefit Expenses Donations (360.00) (20,262.06) (30,000.00) (360.00) (18,306.25) (10,000.00) (50,622.06) (28,666.25) Deflcit In year (5,446.02) (6,550,13) NOTES TO THE ACCOUWS l. At 31 March 2024 C.O.l.F. Income Shares were valued at per Un £20.4326 (2023 £18.7366) (SOURCE,. CCLA INVEMENT MANAGEMEW LIMITED). 2. Income from the Charrties Officlal Investment Fund Is accounted for on the ba$ of cash recelved durlng the accounting year and no account is L3ken of dNidends accrued. 3. At 31 March 2024 an accrual has been provided for the Independent Examlners Fees. Page 4