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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 2024

for

THE STUDHOLME-BELL FOUNDATION

THE STUDHOLME-BELL FOUNDATION

Contents of the Financial Statements
for the Year Ended 31 March 2024










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 2024



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 2024. 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 2024


Registered Charity number
1149095

Registered office
Vantage House
3 East Terrace Business Park
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 25 November 2024 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 2024

31.3.24 31.3.23
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 5,700 5,915

EXPENDITURE ON
Charitable activities
Provision of services and training 5,700 5,915

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 2024

31.3.24 31.3.23
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 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 25 November 2024 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 2024


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 2024 nor for the year ended 31 March 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.



THE STUDHOLME-BELL FOUNDATION

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


3. STAFF COSTS

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

31.3.24 31.3.23

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 5,915

EXPENDITURE ON
Charitable activities
Provision of services and training 5,915

NET INCOME -


RECONCILIATION OF FUNDS
Total funds brought forward 660

TOTAL FUNDS CARRIED FORWARD 660

5. MOVEMENT IN FUNDS
Net
movement At
At 1.4.23 in funds 31.3.24
£    £    £   
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 2024


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 5,700 (5,700 ) -

TOTAL FUNDS 5,700 (5,700 ) -


6. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.