## **THE BROMSGROVE SOCIETY** 

## **REGISTERED CHARITY NUMBER 510542** 

## **FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED 5 APRIL 2022** 



## **THE BROMSGROVE SOCIETY** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2022** 

The trustees present their report along with the financial statements of the Society for the year ended 5 April 2022. The financial statements have been prepared in accordance with the accoun?ng policies set out on page 8 of the financial statements for the year and comply with the Society’s trust deed and applicable law. 

## **Cons>tu>on and objects; aims and ac>vi>es** 

The Bromsgrove Society is cons?tuted under a trust deed dated 11 July 1980 and is a registered charity number 510542. 

The objects of the charity are, for the public benefit in the area comprising Bromsgrove and District, to 

- promote a high standard of planning and architecture. 

- educate the public in the geography, history, and natural history. 

- secure the preserva?on, protec?on, development, and improvement of features of historic and public interest. 

## **Organisa>on** 

The trustees who have served during the year and since the year-end are set out on page 3. Trustees are appointed by the Annual General Mee?ng for the following year, at the end of which they may put themselves forward for reappointment. A president and/or vice presidents may be elected at an Annual General Mee?ng for periods to be determined at that mee?ng; such appointments do not carry vo?ng rights. 

The trustees must meet not fewer than six ?mes a year, and have the power to fill casual vacancies arising between Annual General Mee?ngs and to co-opt further (non-vo?ng) members. Sub groups, repor?ng to the trustees, are cons?tuted as required and currently consider maTers rela?ng to landscape and the built environment, and local history. 

## **Grant making policy** 

The Society ini?ates, and also invites, applica?ons for the funding of projects in furtherance of the Society’s objects; these are considered by the full board of trustees. 

## **Financial review and investment policy** 

The Society receives the majority of its income from membership subscrip?ons, the levels of which are determined from ?me to ?me by the trustees. 

Other income comes from lecture and other mee?ngs for which a charge is made, interest on investments, and profits from sales of the Society’s publica?ons. In addi?on, the Society seeks where appropriate grants from external bodies. 

The Society’s reserves are invested in a deposit account with the Chari?es Official Investment Fund (COIF) and two 1 year fixed term investments with Shawbrook Bank which mature in June 2022 and December 2022. 

There are no restric?ons on the Society’s powers to invest, other than the requirements of the Chari?es’ Commission. The trustees determine investment strategy. 

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## **THE BROMSGROVE SOCIETY** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2022 (cont.)** 

## **Reserves policy** 

The trustees will seek to maintain reserves sufficient to provide: 

- a regular and dependable investment income to supplement that obtained from members’ subscrip?ons. 

- the ability to make such grants in pursuance of the Society’s objects as the trustees may determine. 

The level of reserves is kept under review by the trustees and will be a factor in any considera?on rela?ng to the Society’s fund-raising ac?vi?es. 

## **Statement of responsibili>es** 

The trustees are required under the cons?tu?on of the society to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the society and of the surplus or deficit of the society for that period. In preparing those financial statements, they are required to: 

- select suitable accoun?ng policies and then apply them consistently. 

- make judgements and es?mates that are reasonable and prudent. 

- prepare the financial statements on the going concern basis unless it is inappropriate to 

   - presume that the society will con?nue to pursue its objects. 

The trustees are responsible for keeping proper accoun?ng records which disclose with reasonable accuracy at any ?me the financial posi?on of the charity and to ensure that the financial statements comply with the Chari?es Act 2011. They are also responsible for safeguarding the assets of the society and hence for taking reasonable steps for the preven?on and detec?on of fraud and other irregulari?es. 

## **Public benefit statement** 

The trustees have complied with their duty under sec?on 4 of the Chari?es Act 2006 to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers and du?es. 

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## **THE BROMSGROVE SOCIETY** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2022 (cont.)** 

**Legal and administra>ve informa>on Trustees** Isobel JarreT President Joanne Slade Chairman Richard Aust OBE Treasurer Patricia Tansell Vice Chairman Susan Beaumont Hon. Secretary Desmond Clarke resigned 6 October 2021 John Weston John Gerner Julian Hunt Anne Maguire Alastair Moseley Michael Sharpe Ronald Skidmore Jenifer Townshend 

The Bailiff of the Court Leet, currently Joanne Slade, is an ex-officio Trustee. 

## **Address of Society** 

138 Stourbridge Road, Bromsgrove, Worcestershire B61 0AN 

## **Independent examina>on of accounts** 

Fullard Duffill Limited, Chartered Accountants, 106 Birmingham Road, Bromsgrove, Worcestershire B61 0DF 

## **Bankers** 

Lloyds Bank, 112 High Street, Bromsgrove, Worcestershire B61 8EZ 

Approved by the trustees on 26 May 2022 and signed on their behalf by: 

**Joanne Slade Chairman** 

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## **THE BROMSGROVE SOCIETY TREASURER’S REPORT** 

I have pleasure in presen?ng my sixth annual report which shows that The Bromsgrove Society’s finances are s?ll very healthy. Overall our financial posi?on has seen a reduc?on of £7,080 over the course of the financial year. Our main sources of income from subscrip?ons, Gii Aid and Rousler sales have been maintained. The Local History Group mee?ngs presented via Zoom did not quite cover their costs, but did aTract addi?onal members to the Society.  Pre-publica?on sales of the Society’s book about the History of Bromsgrove reached 142 copies, with encouraging sales since the official launch on 9 April 2022. 

The Society was able, once again, to respond posi?vely to requests for grant aid during the year.  We con?nue to welcome suitable bids for grant aid. 

This will be my final Treasurer’s Report as I am standing down from this posi?on in December 2022. Please do contact a member of the Society’s Execu?ve if you feel you, or someone you know, would be interested in taking on this role – full training available. 

Finally I would like to thank Elaine Duffill who has yet again been the much-valued Examiner and producer of our Annual Accounts. 

**Richard Aust OBE Hon. Treasurer** 

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## **INDEPENDENT EXAMINERS’ REPORT TO THE COMMITTEE** 

## **MEMBERS OF THE BROMSGROVE SOCIETY** 

We report on the financial statements of the Society for the year ended 5 April 2022, which are set out on pages 6 to 10. 

## **Respec>ve responsibili>es of the commi\ee and examiner** 

The charity’s commiTee are responsible for the prepara?on of the financial statements. The charity’s commiTee consider that an audit is not required for this year (under sec?on 145 of the Chari?es Act 2011, “the 2011 Act”) and that an independent examina?on is needed. 

It is our responsibility to: 

- examine the financial statements (under sec?on 145 of the 2011 Act); 

- to follow the procedures laid down in the General Direc?ons given by the Charity Commissioners (under sec?on 145(5)(b) of the 2011 Act) and 

- to state whether par?cular maTers have come to our aTen?on. 

## **Basis of independent examiners’ report** 

Our examina?on was carried out in accordance with the General Direc?ons given by the Charity Commission.  An examina?on includes a review of the accoun?ng records kept by the charity and a comparison of the financial statements presented with those records.  It also includes considera?on of any unusual items or disclosures in the accounts, and the seeking of explana?ons from you as commiTee members of any such maTers.  The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, we do not express an audit opinion on the view given by the financial statements. 

## **Independent examiners’ statement** 

In connec?on with our examina?on, no maTer has come to our aTen?on: 

1. which gives us reasonable cause to believe that, in any material respect, the requirements: 

   - to keep accoun?ng records in accordance with sec?on 130 of the 2011 Act; and 

   - - to prepare financial statements which accord with the accoun?ng records and to comply with the accoun?ng requirements of the 2011 Act. 

   - have not been met; or 

2. to which, in our opinion, aTen?on should be drawn in order to enable a proper understanding of the financial statements to be reached. 

## **Fullard Duffill Limited** 

Chartered Accountants 106 Birmingham Road Bromsgrove Worcestershire B61 0DF. 

26 May 2022 

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## **THE BROMSGROVE SOCIETY** 

## **BALANCE SHEET** 

## **AT 5 APRIL 2022** 

||||**2022**||**2021**|
|---|---|---|---|---|---|
||**Note**|**£**|**£**|**£**|**£**|
|**Fixed assets**||||||
|Investments|**2**||23,223||34,887|
|**Current assets**||||||
|Stock of History of Bromsgrove|books|5,451||-||
|Debtors and prepayments|**3**|1,065||1,082||
|Cash at bank and in hand|**4**|1,196||2,420||
||______||_____|||
|||7,712||3,502||
|**Current liabili>es**||||||
|Creditors|**5**|(3,677)||(4,051)||
||______||______|||
|**Net current assets/(liabili>es)**|||4,035||(549)|
||||______||______|
|**Net assets**|||27,258||34,338|
||||======||======|
|**Represented by:**||||||
|**General fund reserves**|**6**||27,258||34,338|
||||======||======|



26 May 2022 **…………………….... ………………………….. ………….......…. J. Slade S.Beaumont CHAIRMAN SECRETARY Date** 

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## **THE BROMSGROVE SOCIETY** 

## **STATEMENT OF THE FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2022** 

||**Note**||**2022**||**2021**|
|---|---|---|---|---|---|
|||**£**|**£**|**£**|**£**|
|**Income and expenditure account**||||||
|**Incoming resources**||||||
|Subscrip?ons and gii aid|||4,408||4,300|
|**Total voluntary income**||||||
|Proft on sale of books and||||||
|publica?ons|**7**|1,570||815||
|Interest receivable|**8**|271||542||
|Legacy||-||250||
|Dona?ons towards Zoom costs||405||379||
||_____||_____|||
||||2,246||1,986|
||||______||______|
|**Total incoming resources**|||6,654||6,286|
|**Less: Resources expended**||||||
|Local history group costs||570||390||
|Insurance||279||283||
|Prin?ng, post and sta?onery||241||313||
|Zoom costs||276||290||
|NewsleTer||977||972||
|Rouslers given to members||624||856||
|A Short History booklet||253||738||
|Dona?ons|**9**|9,300||5,350||
|Sundries|**10**|1,214||1,256||
|||_____||_____||
|**Total resources expended**|||13,734||10,448|
||||______||______|
|**Defcit of incoming resources over**|**expenditure**||(7,080)||(4,162)|
|**Reserves at 6 April 2021**|||34,338||38,500|
||||______||______|
|**Reserves at 5 April 2022**|||27,258||34,338|
||||======||======|



9 



## **THE BROMSGROVE SOCIETY** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022** 

## **1. Principal accoun>ng policies** 

## **(a) Basis of accoun>ng** 

The financial statements have been prepared under the historical cost accoun?ng rules and in accordance with the Financial Repor?ng Standard for Smaller En??es. 

## **(b) Income and expenditure** 

Income and expenditure is stated on an accruals basis. 

## **(c) Dona>ons** 

Dona?ons are included in the financial statements when received. 

## **(d) Administra>ve expenditure** 

Administra?ve expenditure includes all such expenditure as fund raising and publicity expenditure is minimal. 

## **(e) Income and expenditure** 

Income and expenditure is not neTed off unless immaterial. 

## **(f) Prepara>on of the financial statements** 

The financial statements are prepared in accordance with statement of recommended prac?ce “Accoun?ng and Repor?ng by Chari?es”. 

## **(g) Income** 

Income from grants, including capital grants, is included in incoming resources when receivable. 

## **(h) Funds** 

Funds held by the charity are unrestricted general funds.  These are funds which can be used in accordance with the charitable objects at the discre?on of the execu?ve commiTee. 

## **2. Investments** 

|**Investments**|||||
|---|---|---|---|---|
|||**2022**|**2021**||
||**£**|**£**|||
|Chari?es’ deposit fund|||465|8,465|
|Shawbrook Bank|||22,758|26,422|
||||______|______|
||||23,223|34,887|
||||======|======|
|**Debtors and prepayments**|||||
||||**2022**|**2021**|
||||**£**|**£**|
|Gii Aid receivable|||640|678|
|Prepayments and accrued income|||425|404|
||||_____|____|
||||1,065|1,082|
||||=====|====|



## **3. Debtors and prepayments** 

10 



## **THE BROMSGROVE SOCIETY** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022** 

|**4.**|**Cash at bank and in hand**||||
|---|---|---|---|---|
||||**2022**|**2021**|
||||**£**|**£**|
||Treasurers current account||911|2,188|
||Paypal||135|82|
||Cash in hand||150|150|
||||______|_____|
||||1,196|2,420|
||||======|======|
|**5.**|**Creditors**||||
||||**2022**|**2021**|
||||**£**|**£**|
||Subscrip?ons in advance||67|152|
||Advance sales of history book to be published||3,550|3,500|
||Other creditors||60|399|
||||_____|_____|
||||3,677|4,051|
||||=====|=====|
|**6.**|**General fund reserves**||||
||||**2022**|**2021**|
||||**£**|**£**|
||At 6 April 2021||34,338|38,500|
||Defcit of income over expenditure||||
||for the year||(7,080)|(4,162)|
||||______|______|
||At 5 April 2022||27,258|34,338|
|||======|======||
|**7.**|**Proft on sale of books and publica>ons**||||
||**2022**||**2021**||
||||**£**|**£**|
||Sales||2,505|1,385|
||Expenditure in year||(935)|(570)|
||||_____|_____|
||Proft||1,570|815|
||||=====|=====|



The cost of Rouslers given free to members is shown separately in the statement of financial ac?vi?es. 

11 



## **THE BROMSGROVE SOCIETY** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **FOR THE YEAR ENDED 5 APRIL 2022** 

|**8. Interest receivable**|||
|---|---|---|
||**2022**|**2021**|
||**£**|**£**|
|Investment account: Chari?es’ deposit fund|52|105|
|Shawbrook Bank|219|437|
||____|____|
||271|542|
||====|====|
|**9. Dona>ons**|||
||**2022**|**2021**|
||**£**|**£**|
|Bromsgrove & Redditch Welcome Refugees|300|-|
|Bromsgrove Cricket Club|250|-|
|The Norton Collec?on|3,000|-|
|St Andrews Church Hall|500|-|
|Bromsgrove Methodist Centre|250|250|
|Digi?sa?on of Bromsgrove Messenger|2,500|2,500|
|Bromsgrove Scouts 2023 World Jamboree|1,000|-|
|Bromsgrove Singing Project|500|-|
|Bromsgrove Fes?val|1,000|300|
|Woodland Trust re: Pepper Woods|-|1,000|
|BDC Charford Heritage Project|-|700|
|Catshill & New Start Food Banks|-|600|
||_____|_____|
||9,300|5,350|
||=====|=====|
|**10. Sundries**|||
||**2022**|**2021**|
||**£**|**£**|
|Subscrip?ons paid|76|55|
|AGM costs|22|80|
|Honoraria|200|200|
|Website hos?ng and soiware|465|795|
|Bank and Paypal charges|87|106|
|Miscellaneous|364|20|
||_____|____|
||1,214|1,256|
||=====|=====|



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