**Charity Number: SC049057**
**GEORGE AND ANNETTE BELL FOUNDATION ANNUAL REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 28 FEBRUARY 2025**
## **GEORGE AND ANNETTE BELL FOUNDATION**
## **REPORT AND ACCOUNTS FOR THE YEAR ENDED 28 FEBRUARY 2025**
|**CONTENTS**||
|---|---|
||**Page**|
|Legal and Administrative Information|1|
|Trustees’ Annual Report|2 - 3|
|Independent Examiner’s Report|4|
|Receipts and Payments Account|5|
|Statement of Balances|6|
|Notes to the Accounts|7 - 8|
**GEORGE AND ANNETTE BELL FOUNDATION**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **Trustees:**
## **Address:**
Bell Business Park Rochsolloch Road Airdrie ML6 9BG
## **Charity Number:**
## SC049057
**Independent Examiner:**
Johnston Carmichael LLP 227 West George Street GLASGOW G2 2ND
Page 1
## **GEORGE AND ANNETTE BELL FOUNDATION**
## **TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 28 February 2025**
## **Current trustees**
The trustees who served during the year are:
## **Principal office**
The Foundation operates out of:
Bell Business Park Rochsolloch Road Airdrie ML6 9BG
The trustees present their report with the accounts of the George and Annette Bell Foundation for the year ended 28 February 2025. This report is prepared in accordance with the Foundation’s constitution, the Charities & Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (the Regulations).
## **Constitution, objects and policies**
The George and Annette Bell Foundation was registered as a Scottish Charitable Incorporated Organisation (SCIO) on 18 February 2019.
The principal objective of the Foundation is to leave a long-lasting legacy, by helping to create and sustain communities where people are inspired to live healthier and happier lifestyles and are given the opportunity to reach their full potential. The Foundation aims to be a force for good through the delivery of a range of local and national projects including community regeneration projects, education, training and employment opportunities, promotion of social inclusion and through organising and supporting charity and fundraising events.
Individuals nominate projects for the Foundation to support through the Foundation’s designated website (www.georgeandannettebellfoundation.co.uk).
## **Trustee remuneration and expenses**
The trustees did not receive any remuneration or expenses during the year (2024: £nil).
## **Trustee recruitment and appointment**
New trustees are recruited and appointed by way of resolution passed by majority vote at a board meeting.
## **Review of the year**
In August 2022 we launched an Employee Lottery through one of our corporate partners, Bell Group. Participating employees make a donation through their salary in exchange for entry to a monthly lottery draw. This carries a chance to win a series of prizes such as televisions, tablets and seasonal items like barbeques and garden furniture.
Since its launch, the Employee Lottery has consistently been a valuable source of fundraising for the Foundation. Funds were also donated this year through a Football Tournament and in sponsorship of Trustees and corporate partner staff carrying out a sponsored walk.
Page 2
GEORGE AND ANNEE BELL FOUNDATION
TRUSTEES'ANNUAL REPORT
FOR THE YEAR ENDED 28 February 2025
Review of the year (continued)
Net proceeds from these events allowed a number of charitsble donations to be made in the year wth
communitses benefiting from playground equipment as well as focNJ and toys to supwrt families living in
)verty.
At the end of March 2025 a fundraising gala dinner took place, facilitsted across the middle evening of our
corporate Fklrtner, Bell Group's, annual conferen. In the year to 28 February 2025, some table sponsorship
and donations were re1Ved ahead of the event, with expenditure also incurred for venue hire and
entertainment bookings. The timing of the payments resulted in a net loss overall for the year. Further
income from this event has been recognised in the year to 28 FebNary 2026. It was an extremely successfvl
fundraising event, raising the profile of the Foundation's acbvities and aspirations.
Corporate Partner Employee Imiolvement
Ask employees to nominate projects for consideration via our Foundation Web Page.
Encourage employees to enter other national events to raise funds for the Foundation (for example
the Kilt Walk).
Continue to support the Foundation by tsking part in the Foundation Lottery for employees.
Our Communities. Education. Training and Social Inclusion
Our aim is to deliver headline projerts and disperse donations throughout the UL
The regionally based Community Engagement offirS within cyjr Corporate Partner are well placed to suggest
suitable projects with projects to tske place at an appropriate time in 202516 and be in line wtth the Mission
Statement and ms. Community Engagement offirS will also continue to promote the Foundation to Sc(ial
Housing Landlords and to other Charity Foundations wothng within our communities.
Financial review and reserves policy
As a result of the deficit in the year of £5,061 (2024.. £12,131 surplus), the Foundation has an accumulated
surplus on its Ststement of Balances report at the year-end of £33,957 (2024: £39,018). Surpluses are to be
used for the delivery of the local and national projects set out eadier in this rewrt, providing charitable
donations where appropriate, while also supporting the costs associated with fire events to raise additional
nds for the Foundation.
27-Nov-2025
The Trust5, report was approved by the trustees cn.........................and sHJned on their behalf ty:
Page 3
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF GEORGE AND ANNErrE BELL FOUNDATION
I rewrt to the charity trustees on my examination of the accounts of the tharity for the year ended 28 February
2025, which are set out on pages 5 to 8.
Respective responsibilities of the Trustees and examiner
The charity's Trustees are reswnsible for the preparation of the accounts in accordan wtth the tems of the
Charities and TNstee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2CK)6.
The charity's Trustees consider that the audit requirement of Regulation 10(1} (d) of the Accounts Rejulations
does not apply. It is my responsibility to examine the accounts as required under sertion 44(1) (c) of the Art
and to state whether particular matters have come to my attention.
Basis of independent examinerfs statement
My examination is cariied out in accordance wth Regulation 11 of the 2006 Accounts Regulations. An
examination includes a review of the accounting records kept by the charity and a comparison of the accounts
presented wth those records. It also includes consideration of any unusual items or disclosures in the accounts
and Seeks explanations frorn the Trustees Conrning any such matters. The ProdureS undertaken do not
provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion
on the view given by the accounts.
Independent examiner's siatement
In the course of my examination, no matter has come to my attention:
(a) which gives me reasonable cause to believe that in any material respett the r4uirements:
to keep accounts'ng records in accordance with section 44(1}(a) of the 2005 Act and Regulation
4 of the 2Cx)6 Accounts Regulations, and
(li) to prepare accounts which accord with the accounting records and comply with Regulation 9 of
the 2006 Accounts Regulations have not b*n met; or
(b) to which, in my opinion. attention shoukl te drawn in order to enable a proper UndendIng of the
accounts to be reached.
Use of our report
This report is made to the tharivs t*)ard ofTnJst*s, as a LM)dy. in accordan with the terms of engagement.
My work has been undertaken to enable me to undertake an independent examinats.on ofthe charity's accounts
on behalf of the charity's board of Trustees and for no other purpose. To the fvllest extent pemiitted by law.
do not accept or assume resp)nsibilty to anyone other than the charity and the charty's board of Trustee5
as a body, for my woth or for this rept.
Johnston Carmichael LLP
Chartered Accountsnts
227 West George Street
Glasgow
G2 2ND
Dated:28-Nov-2025
Page 4
## **GEORGE AND ANNETTE BELL FOUNDATION**
## **RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 28 FEBRUARY 2025**
|**Receipts:**
**2025**
**£**
**£**
Donations
**32,948**
Fundraising activities
**22,584**
Total receipts
**55,532**
**Payments:**
Expenses for fundraising activities
**5**
**(61,006)**
Expenditure on charitable activities
**6**
**413**
Total payments
**(60,593)**
**Net payments and deficit/surplus**
**for the year**
**(5,061)**|**£**
55,954
-|**2024**
**£**
55,954
(43,823)
12,131|
|---|---|---|
||(22,142)
(21,681)||
||||
All funds are unrestricted.
The notes on pages 7 - 8 form an integral part of these accounts.
Page 5
## **GEORGE AND ANNETTE BELL FOUNDATION**
## **STATEMENT OF BALANCES AS AT 28 FEBRUARY 2025**
|**Cash funds**
Cash and bank balances at start of year
(Deficit)/surplus on receipts and payments accounts
**Cash and bank balances at end of year**
Prepayment in respect of deposit for fundraising event
in March 2025.
Income received in advance for fundraising event in
March 2025.|**28 February 2025**
**Unrestricted**
**funds**
**£**
**Total**
**current**
**year**
**£**
39,018
**39,018**
(5,061)
**(5,061)**
33,957
**33,957**
41,087
22,584|**28 February**
**2024**
**Total**
**last**
**period**
**£**
26,887
12,131
39,018|
|---|---|---|
The notes on page 7 - 8 form an integral part of these accounts.
`27-Nov-2025` The accounts were approved by the Board of Trustees on .................... and were signed on its behalf by:
Page 6
## **GEORGE AND ANNETTE BELL FOUNDATION**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 28 FEBRUARY 2025**
## **1 Accounting policies**
## **Basis of preparation**
These accounts have been prepared under the receipts and payments basis in accordance with the Charities & Trustee Investment (Scotland) Act 2005 and Regulation 9 of the Charities Accounts (Scotland) Regulations 2006 (the Regulations).
## **Receipts from donations**
Donations are included in the year in which they are received, which is when the charity receives the resource.
## **Expenditure**
The charity is not registered for VAT and accordingly expenditure is shown gross of irrecoverable VAT and are included in the year they are paid.
## **Expenses for fundraising activities**
These expenses represent payments made by the charity for the purpose of generating donations and raising funds.
## **Expenditure on charitable activities**
Expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
## **2 Trustee remuneration and expenses**
The trustees did not receive any remuneration or expenses during the year (2024: £nil).
## **3 Related party transactions**
There have been no related party transactions in the current or prior year.
## **4 Funds**
All funds of the charity are unrestricted. Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
## **5 Fundraising activities**
Expenditure was incurred in the year for event hire and entertainment bookings relating to a fundraising gala dinner which will take place in March 2025. Due to the timing of these payments a net deficit was recorded in the year, with a significant portion of the income from this event being recognised in the year to 28 February 2026.
## **6 Charitable activities**
|Donations see note 7
Bank charges
Insurance|**28 February**
**2025**
**£**
(931)
227
291
**413**|**28 February**
**2024**
**£**
20,956
481
244|
|---|---|---|
|||**21,681**|
Page 7
## **GEORGE AND ANNETTE BELL FOUNDATION**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 28 FEBRUARY 2025**
## **7 Donations**
3 donations totalling £1,569 (2024: 8 donations totalling £20,956) were made in the financial period in accordance with the charitable objectives of the Trust. A donation of £2,500 which was made in a previous financial period was returned as the charitable organisation was unable to fulfil its original objectives on the particular project we donated in respect of. All donations have been made to organisations. The recipients of the donations were supporting the charitable objects in respect of the following activities and projects were:
|Supporting financial hardship, community inclusion
and improvement initiatives
Donations from prior periods returned|**28 February**
**2025**
**£**
1,569
(2,500)
**(931)**|**28 February**
**2024**
**£**
20,956
-
**20,956**|
|---|---|---|
Page 8