IRIS Accounts Productionv23.3.0.418OtherCompany accountsTruefalsePounds1.4.2231.3.2331.3.23FYFRS 102UnauditedLarge and medium-sized companies regime for accountsFullCharities SORPtruetruetruefalsetruefalsetrue00 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh074554322022-03-31074554322023-03-31074554322022-04-012023-03-31074554322021-03-31074554322021-04-012022-03-31074554322022-03-3107455432ns11:Originalns0:CharitableCompanyLimitedByGuarantee2022-04-012023-03-3107455432ns11:Original2022-04-012023-03-3107455432ns15:PoundSterlingns11:Original2022-04-012023-03-3107455432ns11:Original2022-03-3107455432ns11:Original2023-03-3107455432ns11:Originalns11:FRS1022022-04-012023-03-3107455432ns11:Originalns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3107455432ns11:Originalns11:LargeMedium-sizedCompaniesRegimeForAccounts2022-04-012023-03-3107455432ns11:Originalns11:FullAccounts2022-04-012023-03-3107455432ns11:Originalns11:CharitiesSORP2022-04-012023-03-3107455432ns11:Original2021-04-012022-03-3107455432ns11:Originalns16:EnglandWales2022-04-012023-03-3107455432ns11:Originalns11:RegisteredOffice2022-04-012023-03-3107455432ns11:Originalns0:Trustee12022-04-012023-03-3107455432ns11:Originalns0:Trustee22022-04-012023-03-3107455432ns11:Originalns0:Trustee32022-04-012023-03-3107455432ns11:Originalns0:Trustee42022-04-012023-03-3107455432ns11:Originalns11:CompanySecretary12022-04-012023-03-3107455432ns11:Originalns11:MainIndustrySectorHeading2022-04-012023-03-3107455432ns11:Originalns11:MainIndustrySectorHeading2021-04-012022-03-3107455432ns11:Original2021-03-3107455432ns11:Original2022-03-3107455432ns11:Originalns0:TotalUnrestrictedFunds2023-03-3107455432ns11:Original22022-04-012023-03-31

REGISTERED COMPANY NUMBER: 07455432 (England and Wales)

REGISTERED CHARITY NUMBER: 1149095















Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2023

for


THE STUDHOLME-BELL FOUNDATION



THE STUDHOLME-BELL FOUNDATION



Contents of the Financial Statements

for the Year Ended 31 March 2023












Page




Report of the Trustees  

1


to


2



Statement of Financial Activities  

3




Balance Sheet  

4




Notes to the Financial Statements  

5


to


7


THE STUDHOLME-BELL FOUNDATION (REGISTERED NUMBER: 07455432)



Report of the Trustees

for the Year Ended 31 March 2023




The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).


OBJECTIVES AND ACTIVITIES

Objectives and aims

The Charity is constituted as a Charity Limited by Guarantee, and is therefore governed by a Memorandum and Articles of Association.

The Charity's objects are as follows:

The relief of financial hardship, either generally or individually, by making grants of money for providing or paying for items, services or facilities.

The relief of unemployment for the benefit of the public in such ways as may be thought fit, including assistance to find employment, including advice and training in business skills as necessary; and

Any other charitable purpose according to Law, as the Trustees may determine in their absolute discretion from time to time.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

During the year the charity has maintained public awareness of our existence and continues to help and assist individuals to commence their own businesses, through the provision of grant funding and services provided.

During the year to 31 March 2023 we have supplied grants and services to 4 individuals, in line with our charitable objects. The support provided has included an estate and lettings agent, clothing designer and a car detailer.

FINANCIAL REVIEW

Principal funding sources

The principle funding source of the Charity is through the receipt of donations from individuals and businesses.

Reserves policy

The reserves policy of the Charity is to ensure that there is sufficient funding available to support the entity for the foreseeable future.

FUTURE PLANS

In the following twelve months our aims are to continually work on ensuring that Lancashire is aware of our existence and that our charitable activities are maintained.


STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.


REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

07455432 (England and Wales)



THE STUDHOLME-BELL FOUNDATION (REGISTERED NUMBER: 07455432)



Report of the Trustees

for the Year Ended 31 March 2023



Registered Charity number

1149095


Registered office

Vantage House Euxton Lane

Euxton

Chorley

Lancashire

PR7 6TB


Trustees

A W J Bell Director

Mrs A E Bell Trustee

Mrs J T Roberts Trustee

R J Barnes Trustee


Company Secretary



This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


Approved by order of the board of trustees on 20 November 2023 and signed on its behalf by:






A W J Bell - Trustee



THE STUDHOLME-BELL FOUNDATION



Statement of Financial Activities

for the Year Ended 31 March 2023



31.3.23


31.3.22


Unrestricted


Total


fund


funds


Notes

£   

£   


INCOME AND ENDOWMENTS FROM

Donations and legacies

5,915


6,750



EXPENDITURE ON

Charitable activities

Provision of services and training

5,915


6,750



NET INCOME

-


-




RECONCILIATION OF FUNDS

Total funds brought forward

660


660



TOTAL FUNDS CARRIED FORWARD

660


660



THE STUDHOLME-BELL FOUNDATION (REGISTERED NUMBER: 07455432)



Balance Sheet

31 March 2023



31.3.23


31.3.22


Unrestricted


Total


fund


funds


Notes

£   

£   


CURRENT ASSETS


Cash at bank

660


660



NET CURRENT ASSETS

660


660



TOTAL ASSETS LESS CURRENT

LIABILITIES

660


660



NET ASSETS

660


660


FUNDS

5

Unrestricted funds

660


660


TOTAL FUNDS

660


660



The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with and delivered in accordance with the special provisions applicable to small charitable companies subject to the small companies regime.




The financial statements were approved by the Board of Trustees and authorised for issue on 20 November 2023 and were signed on its behalf by:






A W J Bell - Trustee



THE STUDHOLME-BELL FOUNDATION



Notes to the Financial Statements

for the Year Ended 31 March 2023



1.

ACCOUNTING POLICIES



Basis of preparing the financial statements


The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.



Income


All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.



Expenditure


Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.



Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.



Taxation

The charity is exempt from corporation tax on its charitable activities.


Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2.

TRUSTEES' REMUNERATION AND BENEFITS


There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.



Trustees' expenses


There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.




THE STUDHOLME-BELL FOUNDATION



Notes to the Financial Statements - continued

for the Year Ended 31 March 2023



3.

STAFF COSTS



The average monthly number of employees during the year was as follows:



31.3.23


31.3.22



No employees received emoluments in excess of £60,000.


4.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES


Unrestricted


fund

£   



INCOME AND ENDOWMENTS FROM


Donations and legacies

6,750




EXPENDITURE ON


Charitable activities


Provision of services and training

6,750




NET INCOME

-





RECONCILIATION OF FUNDS


Total funds brought forward

660




TOTAL FUNDS CARRIED FORWARD

660



5.

MOVEMENT IN FUNDS


Net




movement


At



At 1.4.22


in funds


31.3.23


£   

£   

£   



Unrestricted funds


General fund

660


-


660





TOTAL FUNDS

660


-


660





THE STUDHOLME-BELL FOUNDATION



Notes to the Financial Statements - continued

for the Year Ended 31 March 2023



5.

MOVEMENT IN FUNDS - continued



Net movement in funds, included in the above are as follows:



Incoming


Resources


Movement



resources


expended


in funds


£   

£   

£   



Unrestricted funds


General fund

5,915


(5,915

)

-





TOTAL FUNDS

5,915


(5,915

)

-





6.

RELATED PARTY DISCLOSURES



There were no related party transactions for the year ended 31 March 2023.