THE THISTLEfHWAYfE SOUTHWICKAND BOARHUNT CHURCH AND COMMUNITYTRUST ACCOUNTS FOR THE YEAR ENDED 31 AIARCH 2024 Charity No. 91)0295 Azets Secure House, Lutrworth Close, Chandlers Ford, Hampshire. S053 3TL. 023 8024 7070
THE THISTLETrIWAYtE sOHcK AND BOARHUNT CHURCH APXI COMMUNITY TRUST Indopendent examiner8. report to th• Trust$ l part on th8 accounts of the Trust for the year ended 31st March 2024, whith are set out on pages 3to7. Responsibililies and bas1$ of report As the tharitls trustees you a responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (Ihe Ad). I report respect of my examinakn.on of the chari5 accounts carried t under section 145 of the Act and in carywng out my exarnination I have fofiowed all the apF4icable Directions given by the Charity Commwion under section 14515)(b) of the ACL Independent examIneS Statement I have corn&eted my examination. I cfirM that no material matters have come to my attention in nnectIon with the examination gimng rne cause to believe that in any material respecL" accounting records were not kept in respect of tl charrty as wuired by 58dion 130 of the Ac( or Ihe accounts do not accord with those records the a¢Unts do not comply with the applicable requirements conMIng the fomi and content of account5 Set oui in the Charities (Accounts and Reports) Regulatr"ons 2008 other than any requirement that the accounts give a 'true and fair view which is nol a matter considered as part of an independent examination. I have no concgms and h8ve ccne aryoss no other matters in conneciion wth the examination to which attention should be drawn in this report in order to enable a proper under5tsnding of the accounts to be reathed. James Reily, ACCA Azets Secure HcyJse Lulworth Close Chandlers Ford Hampshire S053 3TL Date". 24 October 2024 Page I
THE THISTLETHWAYfE SOUTHWICK AND BOARHUNT CHURCH AND COMMUNrrY TRUST Charity No. 900295 Annual Report for th? year ended 31st March 2024 Trustees M Bazeley Esq. M E Thistlethwayie Esq. S Brod(lehurst J Did(son E Johnson Charitable ob" The primary objective ofthe trust is in ac£ord wtth the original Deed of Trust. and remains the financaal support of the thurthe5 in the Parishes of SoLrthbMck and Boathunt Fundin The reconaled balance available to the Ttee5 at 31st March 2023 was £1.527.995 this has now been reduc%d as expenditure exceeded the inttome for the year to 31st March 2024 arnounting to £25.213. After adding the capital gain for the year the totsl fund available to rAry forward to 2024125 amounts to £1.527,630 Publlc b•n•llt The trustees have given due regard to public benefit ¥then planning the Charity's acttvities in accordan wth the Charity Commission's General GuidancE on Public Benefit Chan o of tru5tee5 New thJstee5 may be appoinbj at any time by the continuing or reb'ring Trustees or by a $OlUtiOn of a meeting of the Twstees provided that a memorandum thereof shall be signed and sealed by the person presiding at such meeb'ng and attested by other persons present at the meeting. If the totsl number of Trustees following such appointment shall exceed three then such appointment shall require Ihe Y4TTtten consent of the Founder. The power of appoinb'ng a new trustee in the place of the settlor is also vested in the Founder. FinancFal re5ufts for the Year Expenditure and grants from the chanty are comparable to wor years. Direct expenditure cont.nued to be high due to the repairs conts"nuing on the church. The Trustees continue their policy to build up as great a cash balance as possible so as to be able to contn.bute substants'ally to repairs and to ftjnd the Chaplain's Stipend and other Church costs. The policy 0$ rerx)nfirmed by the Trustees on .xz..t¥A.xo26.. when the accounts were 3pproved. Thlstlethwayte Page 2
THE THISTLEfHWAYfE SOUTHWICK AND BOARHUNT CHURCH AND COMMUNiTh TRUST Statoment of Financial Activitses for the Year to 31st March 2024 Totsl funds 2024 Total fvnds 2023 Unrestrictod Funds Unrestricted Funds Income and Expenditure Donation from Southwid<lBoarhunt CC Bank interest Income from investmerrts 4,153 4.153 5.079 5,079 58,517 58.517 56.385 56,385 Totsl In¢oming Resources 61670 62,670 61,464 61,464 Resources Expgnded Direct charitable expendrture other expenditure Investment management fees 74.232 74,232 5,994 7,657 81,038 4,174 7,985 81.038 4,174 7,985 7,657 Total Rgsources Expended 87,883 87,883 93.197 93,197 Net In¢omingl(Oirtgolng) Resourc8s for the Year (25.213) 125.213) 131,7331 131,733 Other recognlsed gains and los Gainslllossesl on investments 1146.5511 (146,551) Net Movement of Funds (365 (365) 1178.284) 1178.284) Balance Brought Forward at 1st April 2023 1,527.995 1,527,995 1,T06,279 1.706.279 Balance Carried Forward at 31st March 2024 1,527,630 1.527,630 1,527,995 1.527,995 The notes on pages 5 to 7 fomi part of these accounts Page 3
THE THISTLETHWAYfE SOLrrHMCK AND BOARHUNT CHURCH AND COMMUNif( TRUST Balance Sheet as at 31st March 2024 Nots 2024 2023 Fixed Assets Investments 1.510,832 1,471.081 Current Assets Cash at Bank and in Hand 18,070 1&070 57,918 57,918 Current Liabilities Creditors 1,272 1,004 Net Current Assets 16.798 56.914 Net Assets 1,527,630 1,527.995 Funds Unrestrfcted 1.527.630 1,527,995 The Trustees have acknowledged their responsibilities for preparry accourrts whith give a true and fair vtew of the charitys activlties for the year then ended in accordance wlth appIable aountIng stsndards and the Charities Statement of Recommended practi (FRS102). Approved by the Board of Trustees and signed on its behalf Trustee Date.. Page 4
THE THISTLETHWAYTE SOUTHWICK AND BOARHUNT CHURCH AND COMMUNif( TRUST Notes to the Accounts for the Year ended 31st March 2024 1 Principal accoundng pollcles Basis of accountlng The finanaal statements of the Charity, which is a public benefft entity under FRS102, have been prepared in accordance with the Charities SORP {FRS102) 'Accounting and Reporting by Charitles.. Statement of Recommended Practice applicable to charitses preparing their accounts in accordance with the Finanaal Reporting Standard applicable in the UK and Republic of Ireland (FRS102)', the Charities (Accounts and Reports) Regulations 2008. the Charities Act 2011. The financial sLgtement have been prepared under the historfcal cost accounting rules with the exception for investments which are stated at market value. Golng concem The accounts have been prepared on a going cOnM basis. Incoming resour Donations are recognised in full in the Statement of Financial Acti¥itses when recervable. Inveslment income is recognlsed vthen receipt is probable and the amount receivable can be measured reliabty. Resourceg expended Resource5 expended are recognised in the peri(MJ in whK tly are incurred. Resources expended include attributable VAT which cannot be recovered. Cash at bank and in hand Cash and cash equivalents comprise cash on hand and call deposits, and other short-tem highty liquid investmenls that are readily convertible to a known amount of cash and are subjeth to an insignfficant risk of change in value. Liabilities Liabilities are reccJnised as soon as there is a legal or constructive obligation Mmitt1ng the charity to expenditure. Investments Govemment stocks and other quoted securilies are shown at their market value at the year end. All gains and losses are taken to the Staternenl of Financial Activities as they arise. Realised gains and losses on investments are calujlated as the difference between sales proceeds and opening market value or purchase price rf later. Unrealised gains and losses are calculated as the difference beeen market value at the year end and the opening market value or purchase price rf later. Realised and unrealised gains and losses are not separated in the Staternent of Finanal Activib'es. Page 5
THE THISTLETHWAYfE SOUTHWICK AND BOARHUNT CHURCH AND COMMUNITY TRUST Notss to the Accounts for the Year ended 31st March 2024 2 Direct charitable expendiiure 2024 2023 Contribution to cost of Stipend and pension of Chaplain Church repair cost5 45,131 29,101 50,191 30,847 74, 81.038 There V•BS no Trustees, remuneration or 1mbur$ed Trustees. expenses during the year (2023: Nil). 3 Other expenditure 2024 2023 Accountant's fees Donation Overseas Custody Charge 1.356 4,608 30 1,174 3,000 4.174 4 Liabilities 2024 2023 Other creditor Accrual 22 1,250 950 1,004 Page 6
THE THISTLEfHWAYfE SOUTHWICK AND BOARHUNT CHURCH AND COMMUNITY TRUST Notss to the Accounts for the Year ended 31st March 2024 5 Investments caYing value (market value) at beginning of year Additions to investments at cosl Disposals at carying value Net gainl(loss) on revaluation 1,471,081 123,194 (108,292) 24,848 caing value (market value) at erKI of year 1,510.832 Historic cost 1,202.914 The market value of the porttolio consists of: Equity Investment Instrument5 Funds & Govemment stock 1,264,781 246,051 1,510.832 The carrying value is based on the valuation a5 at 31 March 2024 (2023: 31 March 2023) supplied by the portfolio providers. 8 Control The charity is under the control of the Trustees. Page 7