Charity registration number 505869 CHARITY OF EMMA DORIS BUSSEY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
CHARITY OF EMMA DORIS BUSSEY LEGALAND ADMINISTRATNE INFORMATION Trustees Balvant B D Patel OBE Philip P Page Stephen S Simkins G Gende Ann A Reaney Nicola N Hack Charity number Independent examiner Azets St David's Courl Union Street West MidlarKIs United Kingdom IM113JE Bankers Bardays Bank PIC Bilston branch Investment advisors HatTis Allday Ground Floor Beech House Anchorage Avenue shrey)Ury Business Park Shrewsbury SY2 6FG
CHARITY OF EMMA DORIS BUSSEY CONTENTS Page Trustees. report Indepentsnl examin$ report statement of financial adivities Balance sheet Notes to the fin¥lat statements 7-16
CHARITY OF EMMA DORIS BUSSEY TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual rep(Mt and financial statements for Ihe y&2r erKled 31 Marth 2025. The financial statements have been prepared in aCrdan wth Ihe accounting pcAiues set out in note 1 to the financial statements and comply with the ChaTiWs Deed of Tntst. the Charities Act 2011 and "A(xounting and Reporting by Charities: Statement of Recommended Praclice applicable to charities preparing their accounts in accordance with the Financial Reporting StWKlard apph"cable in the UK and Republic of Ireland (FRS 102)" (eftdive 1 January 2019). Objectives and activitles The Charitys objects are to relieve persons of the kY*.ng dasses V are resident in the area of the fomier Borough of Bilston:_ a) Aged and other persons are in conditions of need. hardship or distress. b) Aged and other persons are sid(. cOnvalent. disabled. handicapped or infirm. where suth relief is not readily available to them from other sources. It is the present policy of the Trustees to exerase their p(Mers by making Grants to organisatiorB providing help for pet50ns within the terms of the Ttust The trustees confirm that they have referred to Ihe guidance contained in the Charty Commission's general guidan on public benefft when reviewing the Trusfs aims and objectives and in planning future ath"vth"es arKI setting the grant making poky frir the year. The Charity's Funds are principaly invested n a porttolio of investrnents managed by HarisAllday. The Trustees meet on a regular basis to consider grant apFlications received by the Clerk to the Twstees and the investment income is distributed in the fomi of Grants. Applications for assistance are enccwraged all are sympatheb"calty reviewed. The Tntslees are able to fund these activities because of the income from a portfolio of long-tenn. high yielding. Govemment SeCurrts and Holdings. which enable funds to be made available to meet app&"catnS when received. The ChariWs Funds comprise restricled EndOWnt Captsl Funds. the income from whith is used to nd Grants within the temis of the Trust. The trustees heve paid due regard to guidance igsued by the Charity Commission in decidin9 what activiti0$ tha Charity should undertake.
CHARITY OF EMMA DORIS BUSSEY TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Public benefits of the Charitys grdnts Bilston Senior Citizens Federation use the grant tovrards the cost of gm vouchers at Christmas to 1,000 pensioners in Bilston to exchange for meat and vegetables at t) local shops. All the other old persons. dubs care homes use their grants eiiher to fund a Christmas meal or to furKI a summer outing. All schools in Bilston can appty eath year for a grant. which is spent on enharKing fa(ilities at their schools or on funding school trips. The Scouts & Guides make use of1heir grants. fitsty. for making improvements lo their premises and secondty for group outings. Compton Care provides inwient & outpatient (2re for many Bdston residents. The Coronary Care Volunteers provide staff to supervise the afterc2re of heart attack patients. Beacon Cerrtre f( the Blind visit and supply Bilston residents with various aids. The Charity's involvement the disabled is tlwough ants to Special schools that have a great need for fvnding for specialised equipment The Special schools and disabled s(Kieties also use their grants to enable carers to have a welpeamed break. Bilston Team Ministy use the grants for supp(xb"ng their Tree Festival. to Fovide rerfeshement for the Communty Harvest & towards building tepairs. Bilston Swimming Club used their gt for pwchasing competiton dothing. Achievements and perfommnce The Accounts for the year ended 31 Marth 2025. are shown on pages 7 10 14. The Statement of Financial Activities on page 7 shows the incoming resources available to the Trustees and the extent to which those funds have been spent. This. together with the Balance Sheet on page 8, shThvs that the CUfTent marf(et value of the Charity's Funds, from whth it will generate income to meet ts future oblwns. is £628.158. The Charty held £36,143 in bank balances and short-teTm deposits at 31 March 2025. and in the Trustees opinion, the Charity corth.nues to be in a posth'on to pursue rts charilable obJ"eclives in the future. Investment income has inueased in this year and the trusl is presenty able to meet all legitimate daims for grants. During the year the Charity has paid Grants raYJing fr(xn £100 to £6.820 to 33 beneficiaries (2024 beneficiaries). These grants amwnted to £27,202 (2024 = £26.220) and are included in the Accounts. Financial review It is the policy of the Chaiity that unrestsided furKls which have not been desKyed ft)r a speufic use should be maintained at a level equivalent to between three wxl six month's expenditure. The trustees consider that reserves at this level will ensure that. in the event of a significant drop in funding. they will be able lo continue Ihe Charitys current activib.es while consideration is given to ways in lch aL*Jittonal funds may be raised. This level of reserves has been maintained throughout the year. structure, governance and management The charity is an unincorporated Registered Charity. The goveming instrument is a Deed of Twst ated on 27 June 1974.
CHARITY OF EMMA DORIS BUSSEY TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2025 The trustees served during the year and up to the date of signatUTe of the fral statements were: Balvant B D Patel OBE Philip P Page stephen S Simkins Gary G Gentle Ann A Reaney MI1a N Hack New Twstees are appointed by the Board of Trustees ts a period of fve years. The Clerk to the Trustees is Mr Wllliam M. Wllkams (appointed 20 July 201n. The trustees. report was apFwoved by the Board of Tntstees. Philip P Page Chalrpernon 102S
CHARITY OF EMMA DORIS BUSSEY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHARtrY OF EMMA DORIS BUSSEY I report to the trustees on my exanination of the finan(ial statements of Charity of Emma Doris BLEsey (the Charity) for the year ended 31 March 2025. Responsibilities and basis of report As the trustees of the Charity you are resnsIble for Ihe preation of the finatKial statements in accordan with the requirements of the CharitiesAd 2011 (the 2011 Act). I report in respe( of my examination of the Charivs firla1 statements carried out under sedion 145 of the 2011 Act. In CayIng out my examination I have followed all the applicable Direcb"ons gtven by the Chanty Commisgon urKJer sethon 145(5}(b) of the 2011 Act Independent examiners statement Your attention is drawn to the fact that tr charily has prep financial statements in aCcOrdar with Accounting and Reporting by Charities preparing their accounts in accordan Whth the Financial Reporting Standard applicable in the UK and Republic of IrelarKI (FRS 102) in preferen to the Accounting and Reporb"ng by Charities: Ststement of Recommended Practi issued on 1 April 2005 *t4ch is referred to in the exlant regulations but has now been withdrathn. l understand that this has been done in order for finla1 statements to provide a true and fair view in accordance with GenerallyAccepted Accowrting Practice effethve for reFxxb"ng pS beg"nning on or after 1 January 2015. I have completed my examination. I confirm thal no matters have <x)me to my attention in connection with the examination giving me cause to belteve that in any material respect: accounb.ng records were not kepl in respeLI of the Charity as required by section 130 of the 2011 Act" or the financial statements do nol accord with those records: or the financial statements do not comply wrth the applicable requirements CO[eIng the form and content of accounts set out in the Chariiies {Accounts and Reports) Regulab"ons 21108 other than any requirement that the accounts give a true and fair Vie•V which is r#)t a matter considered as part of an independent examina'on. I have no concems and have come across no other matter5 in connection with Ihe examination to thich attention should be drawn in this report w) order to enable a proper urKlersianding of the financial statements to be reached. Helen Tinsley FCCA St David's Court Union Street Wolverhampton West Midlands WV13JE United Kingdom Dated: 24.11. iei2S
CHARITY OF EMMA DORIS BUSSEY STATEMENT OF FINANCIAL ACTNITIES FOR THE YEAR ENDED 31 MARCH 2025 Total Restricted Endowment funds fvnds 2024 2024 Total funds 2025 funds 2025 2025 2024 Notes Investments 25,551 25.551 24,247 24,247 Charrtable activities Charitsble Grants 35.724 35,724 34.151 34.151 Total charitsble expenditure 35.724 35.724 34.151 34.151 Net gainsl{losses) on investments 13.728 13,728 22.586 Net incomingl(outgolng) resources before trdnsfers {10.173) 13.728 (9.904) 22.586 12.682 Gross transfers bet4veen funds 12.844 (12.844) 5.067 (5.06n Net movement in fvnds 2.671 3.555 {4.83n 17.519 12,682 Fund balances at 1 April 2024 9.229 627.274 636.503 14.1 609.755 623,821 Fund balance5 at 31 Idarch 2025 11.900 628.158 640,058 9.229 627.274 636.503 The statement of financial actieS indudes all gains and losses wnised in year. All income and expendiiure derive from conts'nuirvJ activ1b.
CHARITY OF EMMA DORIS BUSSEY BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Notes Fixed assets Investments 10 628.158 627,274 Current assets Cash at bank arKI in hand 13.878 11.039 Credito. amounts falling due within one year 11 {1.978) {1.810) Net Current assets 11.900 9,229 Total assets less current liabililies 640.058 636.503 Capital funds Endowment funds - general Income funds Restricted funds Unrestricted funds 628.158 627.274 11.900 9.229 fAO.058 636.503 The financial statements were approved by the T[teeS on ... .. . ao Philip P Page Trustee
CHARITY OF EMMA DORIS BUSSEY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity infommtion The Charity of Emma Dorrs Bussey is a Registered Charity. constituted by a Deed of Trust established under Miss Emma l)oris Bussels Wll on 27 June 1974. Its address is 2 Quail Green. Mk)Iverhampton, West Midlands, WV6 8DF. 1.1 ACcoUnng convention The ffinanC statements have been prepared in accordance with the Chaiiiys [goveming document]. the Charities Act 2011, FRS 102 Yhe Financial Reting Standard applicable in the UK and Republic of Ireland" fFRS 102") and the Charities SORP "ACCnting and Reporting by ChaTities: Statement of Recommended Prath"ce applicable to chariti.es preparing their accounts in accordance Imth the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The Charity is a Public Benefft Entity as defined by FRS 102. The Charity has taken advantage of the Provisions in the SORP for (*wities not to prepare a Statement of Cash Flows. The financial statements have departed from the Charilies (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 chanties applying FRS 102 rather than the version of the Statement of Recommended Practice bthich is referred to in the Regulations but which has since been vAthdrawn. The financial sLitements aTr ppared in sterfiThJ, Mthich is the fundional Curre of the Charity. Monetsry amounts in these financial statements are rourmled to the nearest £. The financial statements have been prepared under the historical cost convention. modffied to indude fixed asset investmerrts at fair value. The prin(apa XM11ng policies adopted are sel out below. 12 Going concern At the time of approving the financial statements. the trustees have a reasonaNe expectation that the Charty has adequate resources to continue in operational existence for the foreseeable future. Thus the tnEtees conts.nue to adopt the going conrn basis of aUntirj in preparing the financial slatements. 1.3 Charitable funds Unrestricted funds are available for use at the osClOn of the Irustees in furtheran of their charitable objectives. Designated funds comprise wwestricted fuThJs that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements Restricted funds are funds which are to be used in accordance with SFeafic restiiclions imposed by donors or which have been raised by the charity for particular pw)oses. The cost of raising and administering such funds are charged against the speufic fund. The am and use of each restricted fund is Set out in the notes to the financial statement& Endowment funds are subjed to speak condilions by donors that the caprtal must be maintained by the Charity.
CHARITY OF EMMA DORIS BUSSEY NOTES TO THE FINANCIAL STATEPaENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) 1.4 Income All incoming resources are induded in the Statement of Financial Activibes (SOFA) when the charity is legalty entitled to the income after any perforniance conditw)ns have been me( the amount can be measured reliab and it is probable that the income will be received. No amount is induded in the fmancial Statem for volunteer time in line th the SORP {FRS102). Further detail is gNen in the Trustees'Annual Report. 1.5 Expenditure All expenditure is accounted for on an accruals basis and has been dassified under headings that aggregate all costs related to the category. Expenditure is recognised there is a legal or construth.ve oblw'on to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation rAn be measured relthly. It is &2tegorised der the following headings: Expenditure on charitable adivibes indudes grants made. Other expenditu under rnanagement and administration represents those items not falling into tt category above. Grants payable to third parties are wrthin the clwitth obiecbves. Vthere LwKondiiional grants ae offered. this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonabè expectation that the recipient will receive the grants. Where grants are conditional relat'ng lo perfOan then the grant is only accrued when any unfulfilled cOnd.0nS are (Krtside of the control of the charity. 1.6 Flxed asset investments Fixed asset investrnents are initialty measured at Itansaction pri exduffing transaction costs. and are subsequenrfy measured at fair value at each repo"ng date. Changes in fair value are recognised in net incomel{expendrture) for the year. Transaction costs are expensed as IncTed. 1.7 Cash and cash equivalents Cash and cash equivalents indude cash in harNJ. deposits held at call wlh banks. other short-temi liquid investments with original maturities of three nnthS or less, and bank overdrafls. Bank overdrafts are shown within borrowings in current liabilities. Basic financial assets Basic financial assets, which indude debtors and cash arKI bank balan. are initially measured transath.on price induding transactton costs and are Subsequ carried at amorbsed cost using the effective interest method unless the arrangement consliluies a financtng trdnsaction. where the transaciion is measured at the present value of the future repts discounted at a market tate of interest. Financial assets dassified as receivable within one year are nol amrtised. Basic financial liabilities Basic financial liabilth"es. including creditors and bank loans are inth.ally recognised at transaction pri unless the arrangement constitutes a finaIng transaction. ere the debt instwment is measured at the present value of the futu payments discounted at a market rate of interest Financaal liabilities dassified as payable within one year are not amortised. Debt instruments are subsequenty carried at arn(11$ed cos( using the effedive interest rate method. Trade credrtors are obligations lo pay for goods or services that have been acquired in the ordin¥y course of operations from suppliers. Amounts payable are dassified as current liabilrties rf paymenl is due within one year or less. tf not they are presenled as rk¢u[rtt liabilittes. Trade creditors are recognised initially at transaction price and subsequentty measured at amortised cost using the effective interest method.
CHARITY OF EMMA DORIS BUSSEY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) Derecognition of financial liabilities Financial liabilities are dwecognised en the Ch&iWs c(xtractual obwns expire or are discharged or (nled. Critical accounting lIMateS and judgements In the application of the Charitys accountirvJ policies. the tnjstees are required to make judgements. estimates and assumptions about the carying amount of assets and liabiltb'es that are not readily apparent from other sources. The estimates and associated assumpts.ons are based on historical experience and other fadors that are considered to be relevant Adual results may differ from these estimales. The estimates and w¥Je[.ng assumpti(S are revie*td on an ongoir¥J basis. Revisions lo accounting estimates are recognised in the period in which the estimate is revised wtwe Ihe revision affects cnty that piOds. Investments Restricted Restrlcted funds funds 2025 2024 Income from investments Interest receivable 25,233 318 24,084 163 25.551 24.247
CHARITY OF EMMA DORIS BUSSEY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charitable activities Charitable Charitable Grants Grants 2025 2024 Grant funding of activibes (see note 5) 27,202 26.220 Share of support costs (see note 6) Share of governan costs (see note 6) 6.221 1,710 1,878 35,724 34.151 10-
CHARITY OF EMMA DORIS BUSSEY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Schedule of grants paid 2025 1 st Bilston Scouts 1 st Bradley Scout Group 6th Bilston Scouts 12th Bilston Scouts Acoms Beacon Centre for the Blind Bilston C of E Primary Scho Bilslon and East Wolverhampton Girlguiding Bilston and Wllenhall Li( Bilslon Rotary Club Bilslon Senior Citizens FederatK)n Bilston Swimming Club Boys Brigade 1 Oth Wofverhampton Company Bradley & District Senior Citizens Bushfield Court- Hsing Care Churches Together in Bradley & Bilston Compton Care Green Park School Volunlary Committee Kingswood Trust Low Bradley Communty Centre Macmillan Canw Support Methodist Church Wolvethampton Circuit Midlands "rAmbulan Milan Day Centre Bilston Mix and Match st Leonard's Church St Leonard's Churth St Leonard's Church St Martin's Church PCC The Haven Viuvethampton West Midlands Police Cadets Mh)Iverhampton Coronary After Care Wofvethampton East Distiict ScoutAssooabon Wofvethampton MS Therapy Centre erhampton Youth Zone 1.000 250 250 250 400 400 500 250 800 400 6.820 250 500 750 300 1.000 400 750 632 250 400 400 400 300 1.000 600 3.000 2,000 400 100 400 250 400 400 27.202 11-
CHARITY OF EMMA DORIS BUSSEY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Trustees No remuneration (fireclty or indirecty out of the Funds of the Charity as paDd or payable for the year to any Trustee or to any person or persons known to be connecied wth any of them. A total of £100 (2024 - £100) was reimbursed to the Clerk to Ihe TTUStees in resped of postage and slationery costs. Net gainsl(losses) on inveslments Endowment Endovfflnt fun(ts fvnds genernl general 2025 2024 Revaluation of investrnents Gainlooss) on sale of investments 261 13.467 18.221 4.365 13.728 22.586 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 ChargeaNe Gains Act 1992 to the extent that these are applied to its charrtable objects. 10 Fixed asset investments Listed inveslrnents Cost or valuation At 1 April 2024 Additions Valuation changes Disposals 627.274 70.430 262 (69,808) At 31 March 2025 628.158 Carrying anUnt At 31 March 2025 628,158 At 31 March 2024 627.274 13-
CHARITY OF EMMA DORIS BUSSEY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 11 Creditors: amounts falfing due within one year 2025 2024 Accruals and deferred income 1.978 1,810 12 Anatysis of net assets between funds Restricted Endowment funds funds 2025 2025 Total Restricted End0ent funds funds 2024 2024 Total 2025 2024 Fund balan at 31 March 2025 are represented by: Investments Current assetsl(liabilities) 628.158 628.158 11,900 627.274 627.274 9,229 11.900 9.229 11,900 628,158 640.058 9.229 627.274 636.503 13 Related party trdnsaclions The Trustees dedare any interesl in the recipient (Kganisalions lo which the Charity makes donatKJns in the Committee meets.ngs in which the applications for donations are approved. These dedarations are minuted and all applications for donation have to be approved unanimously by the Tnjstees. The following interests dedareil by the TTuslees during the year. Mr P Page Mr M Williams Councillor Simkins Mr G Gentle Mr Patel Mrs Reaney Bilston Rotary Club. Bilston Remembered and Kwyood Trust Bilston Rotary Club and Bdston Remembered Bilston Senior Citizens Federati arKI Bilston Remembered Bilston C of E Primary School. lfjngswood Trust and Conned ED Milan Day Centre BStOn Bilston Rotary Club, Good Shephwd Relief in Need Bilston 14-
CHARITY OF EMMA DORIS BUSSEY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Schedule of shares & investments MARKEr VALUE AT 31.03.25 INCOME FOR FOR YEAR AT COST TO 31.3.25 ArtJrooklG10 American EQ B4 9.40966672 units 19.626 9.686 195 Associated British Foods 750 ordinary GBPO.0.568 14.325 15.108 675 Bellevue {BB} Health(2re Trust PLC 151)00 @ GBP1.139 18.360 17.316 827 Blackrock ICS Ster Liq Premier 14.000 units 14.000 14.020 102 Diverse Income PLC 35.000 ordinary GBPO.001 32,130 34.108 1,138 Downing Ren & Infra TST EfF 20.000 Ordinary Shares of GBOOBLF7PP25 15.400 20.245 1.510 Foresight Environmental Infra Ltd (fonnerty John Laing Environ Assels Group Ltd)." 20.000 Ordinary shares of £1.03468 14.340 20.941 1.548 Glaxo Smith Kjine PLC 1.100 Ordinary Shares of 25p 12,866 589 537 Gore Street Energy Slorage Fund 30.000 17.460 17.602 Greencoat UK Wnd PLC 12.664 Ordinary Shares of GBPO.01 13.639 16.821 1.266 Holcim Ltd: 425 Ordinary Shares of CHF2 20.000 units of 6.125% 08105120 35.205 12.939 Invesco Bond Income Plus (Cty Merchants High yj Trust Ltd) 7.150 units 12.334 13.976 836 Intemation Paper Co (fomierfysmith (D.S.)):_ 7.500 Ordinary Shares of 1(1) 39,724 15.876 1.656 KFW4.125%: 20.000 Units 19,952 19.844 523 KREDIThANSTALT KFW 1.375% 20.000 Uniis 19.581 18.965 -15-
CHARITY OF EMMA DORIS BUSSEY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Schedule of shares & investments (Continued) M&GPLC: 18.858 19.710 2.176 M & G Credit Incon Invest TST plc 19.250 18.634 20.196 1.347 Monks Invesbnent Trustr.- 2,500 Ordinary Shares of 5p 29.050 13.585 53 Nippon AGtive Value 25.IXIO FDO.01 46.000 25.258 400 Parrtheon Infrastructure 20,640 GBPO.01 Rio Tinto pk: 715 Ordinary Shares of 1 Op 32,793 9.613 2.417 Sequoia: 20.000 Ordinary Shares of £1.00 15.660 20.849 1.375 Shell= 1.770 B Shares of£O.07 43.646 21.733 1.667 Siemens Healthineers" 650 ordinary shares of AG 27.073 19.644 765 Smithson Investrnenl Trust PLC 2.000 Units 28,280 20.245 TriLqx Eurobox PLC: 20,000 425 UK Treasury: 20,1]1)0 3.5% 2211 or25 19.906 19.518 700 Unilever plc= 675 Ordinary Shares of 3.1 p 31.118 447 Urban Logistics RErr 14.01)O Ordinary Shares of 18.200 19.676 S BALANCE SHEET 628,158 458.508 25.233 16-