Charity Registration No. 1001522 THE TONY BRAMALL CHARITABLE TRUST TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
THE TONY BRAMALL CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees D C A Bramall K S Bramall-ogden A Bramall GMTate Secretary D C A Bramall Charity number 1001522 Principal address 12 Cardale cOrt C3rdale Park Beckwith Head Road Harrooate North Yorkshire HG3 IRY Audltors Firth Parish l Airport West Lancaster Wav Yeadon Leeds West Yorkshire LS19 7ZA Bankers Lloyds Bank International Limited PO Box 10 9 Broad Street St Heller )ersev JE4 8RS Barclays Baiik plc 6 East Parade Leeds West Yorkshire LSI 2AD Investment advlsors lulius Baer & Co. LTD Lefebvre Street P.0 Box 87 St Peter Port Guernsev GYI 4BS
THE TONY BRAMALL CHARITABLE TRUST CONTENTS Page Trustees, rep)rt Statement of trustee5' responsibilities Independent auditors, report Statement of financial activitie5 Balance sheet Notes to the accounts 10-13
THE TONY BRAMALL CHARITABLE TRusr TRUSTEES. REPORT R?R THE YEAR ENDED 5APR1I 2024 The trustees present their annual report and financial statements for the year ended 5 April 2024. The financial statements have been prepared in accordance with the accounting policies set out in note I to the accounts and comply with the charity's trust deed, the Charities Act 2011 and AccoLJnting and Reporting by Charitie5.' Ststement of Recommended Practice IFRS 102) applicable to small charlties and FRS 102. Objectives and activities for the public benefit The charity's objettives continue to be to glve assistance to charities, organisations and individuals who are involved in carrying Out medical research or involved in the care of the sick of whatever age. Our sUPPOrt is normally given to those c3U5es based in the northern part of the country. The trustees confirm that they have referred to the Charity Commission's guidance on public benefit when reviewing the Trust's aims and objectives, in planning future activities, and setting the grant making policy for the year. Grant making policy The cl)arity receives 8pplication5 for fuiiding for a variety of different projetts. Decisions are made on the basis of the obJeciive5 of the charity and if they fall within the relevant criteria the charity will review all tlie applications and decide which to consider and investigate further. Certain fund requests are assessed bv personal visits and discussions with the applicants. In a number of In5tance5 the charity will make further contributions to causes supported in previous years. Achievements and performance Grants totalling £254,910 were made during the year, the largest of which was to Leeds Hospitol where research into the curelprevcntion of ovarian cancer commenced under Geoff Hall, Professor of Medical Oncology and Cancer Informatics, We have agreed to support the research for a period of five years whicli will require funding from Dur charity of circa £ IM. This will account for the majority of investfflent income and will also need u5 to cash a limited amount of the investment portfolio from time to time. This is a particularly poignant contribution to I'he research into mitigating the effetts of ovarian cancer, a disease which one of our Trustee5, Melanie Foody, succumbed to. Hnanclal review The charity wa5 Set up in 1988 by Mr D C A Bramall with an initial Sum of £600,000. The charity has invested this mainly in fixed interest government bonds or corporate bonds. The main part of the income has been used to support charitie5 or applicatiorss complyinq with the charity'5 obiectives. In the first quarter of 2004 the charity received a further sum from Mr D C A Bramall valued at £3 million. Reserves policy The charity endeavours to keep a level of unrestricted funds to allow the management and emergency application of funds. Thi5 level of reseNe has been maintained throughout the year. Reserves at the year end were £4,960,085. Plans for the future We will continue to support causes and cliarities whose activities are in line with our obi'ettives, namely the support of medical and welfare aclivity together with assisting persons or causes in need of help to achieve their wellbeing.
THE TONY BRAMALL CHARITABLE TRUST TRusfEES' REPORT FOR THE YEAR ENDED 5APRIL 2024 Risk management The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in Pla to mitigate exposure to major risk5. Structurei governance and management The trust 15 a registered charity, number 1001522, and is constituted under a trust deed dated 14 January 1991, The registered office Is 12 Cardale Court, Cardale Park, Beckwith Head Road, Harrogate, North Yorkshire, HG3 IRY. The trustees who served during the year were: D C A Bramall K S Bramall-ooden A Bramall GMTate Trustees are recruited as and whern necessary by the other members of the committee. The trustees meet annually to review the financial position of the charity and to determine future objectives. statement of disclosure to the Auditor So far as each trustee is aware, there is no relevant Bijdit irnformation of which the company's auditors are unaware. Each trustee has taken all the steps that they ought to have tsken a5 a trustee in order to make themselves aware of any relevant audit information and to establish that the charity's auditors are aware of that information. On behalf of the board of trustees D C A Bramall Trustee Dated- 2 July 2024
THE TONY BRAMALL CHARITABLE TRUST STATEMENT OF TRUSTEES, RESPONSIBILITIES The charity trustees are responsible for preparing the Trustees, Annual Report and the flnancial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accountinq Practice). The law applicable to charities In England and Wale5 requires the trusiees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity 3nd of the incoming resources and application of resour5, of the charity for that period. In preparing these financial statements, the trustees are required to: selert suitable accounting policies and apply them consistently; observe the methods and principles in the Charities SORP,. make j'udgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to any departures disclosed and exolained in the financial statements,. and prepare the accounts on a golng concern basi5 unless it is inappropriate to presume that the charity will continue in operation, The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the accounts comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the trust dee#. They are also responsible for safeguarding the assets Df the charity and hence for tèking reasonable steps for the prevention and detection of fraud and other irregularities.
THE TONY BRAMALL CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE TONY BRAMALL CHARrrABLE TRusr Oplnion We have audited the financial statements of The Tony Bramall Charitable Trust {the charity) for the year ended 5 April 2024 which comprise the Statement of Financial Activities, the Balance Sheet and Notes to the financial statements. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland {United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements.. give a true and fair view of the stale of the Charity's affairs as at 5 April 2024 and of its income and expenditure for tlie year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accounb'ng Pr3ciice,' have been prepared in accordance with the requirements of the Charities Act 2011. Basis for opinion We conducted our audit in accDrdance with International Standards on Auditing (UK) {ISAs IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our rert. We are independent of the Charity in accordance with tlie ethical requirements that are relevant to our audit of the finarbcial statements in the UK, including the FRC'S Ethical Standard and we have fulfilled our other ethical responsibilitie5 in accordance with these reouirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusion5 relating to going concern We have nothing to report in respect of the following matters in relation to which the ISAS {UK) require us to report to you where.. the trustees, use of the going concern basis of accounting in the preparatlon of the financial statements is not appropriate,, or the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the Charity's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the iiate when the financial statements are authori5ed for issije. Other information The trustees are responsible for the other information. The other informab'on comprises the information included in the annual report other than the financial statements and our auditor's report thereon. Our opinion on the financial statement5 does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any fomi of assurance conclusion thereon. In connection with our audit of the financial statement5, our responslbilty is to read the other information and, in doing so, consider whether the other Information is materially inconsistent with the financial statements or our knowledge obtained in the audit or othetwise 3ppears to be materially misstated. If we identify such material inconsistencies or apparent material missiatements, we are required to determine whether there Is a material misstatement in the financial statements or a material mi55tatement in the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are reauired to reoort that fact. We have nothing to report in this regard.
THE TONY BRAMALL CHARITABLE TRUST INDEPENDENT AUDrroR'S REPORT TO THE TRusfEES OF THE TONY BRAMALL CHARITABLE TRUST Matter5 on whlch we are required to report by exception We have nothing to report in respect of the following matters in relation to which the CharitIL (Account5 and Reports) Regulations 2008 requires us to rewrt to you if, in our opinion- the information given in the trustees, report is inconsistent in any material respeLt with the financial statements. or 5ufficierit accounting records have not been kept,. or the financial statements are not in agreement with the accounting records,. or we have not obtsined all the information and explanations we require for our audit. Responsibilities of the trustees As explained more fully in the statement of the trustees responsibilities set out on page 3, the trustee5 are resrL)nsible for the preparation of the financial statements and for bein9 satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for a55e5sing the Charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the Charity or to cease operations, or have no reallstlc alternative but to do so. Auditor's responsDbi1Sties for the audlt of the financial ststements We have been appointed as auditor under section 145 of the Charitie5 Act 2011 and report in accordance with the Act and relevant regulations made or havlng effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, wl)ether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Mi55tatements can arise from fraud or error and are considered material if, individually or In the aggregate, they could reasonably be expected to influence the economic decisions of the users taken on the ba515 of these financial statements. Lrregularities, including fraud, are instances ol non-compliance with laws and regulation5. We design procedures in line with our responsibilities, outlined above, to detect material misststements in respect of irregularities, including fraud. The extent to which our procedures are capable of detetting irregularities, including fraud, is detailed below. We identify and assess the rlsks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion. Extent to which the audlt was considered capable of detecting irregularities, includino fraud The extent to which the audit is capable of detecting irregularities, including fraud is affectcd by the inherent difficulties in detecting irregularities, the effectiveness of the entity's controls, and the nature, timing and extent of the audit procedures performed. Irregularities resulting from fraud usually are inherently more difficult to detect than irreqularities that result from error.
THE TONY BRAMALL CHARITABLE TRusr INDEPENDENT AUDtroR'S REPORT TO THE TRUSTEES OF THE TONY BRAMALL CHARITABLE TRusr In identifying and assessing the risks of material mi55tatement in respect of irregularities, including fraud and non. ompliance with laws and regulations, we considered.. the nature of the charities activities, control environment and busine55 performan including the charities remuneration policies; the results of our enquiries of management about their own identification and assessment of the risks or Irregularities,. any matters we identified liaving reviewed the charity's procedures relating to identifying, evaluating and complying with laws and regulations and whether they were aware of any instance5 of non-compliance, deterting and responding to the risks of fraud and whether they have any knowledge of any attual, susperted or alleged fraud and the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations. We also considered the matters discussed among the audit engagement team regarding how and where fraud might occur In the We assessed the effettiveness of the internal control environment for minimising the incidence of irregularities and considered the opportunities and incentives that may exist within the organisation for fraud and identified the greètest potential for irregularities including fraud In the following areas.. the completeness of income, the operation and accounting for cut-off around the year end date and the ability of management to override controls. We also obtained an understanding of the legal and regularity frameworks that the charity operates in, focusing on provisions of those law5 and regulations that had a direct effect on the determination of material amounts in the financial statement5. The key laws and regulation5 we considered in this context included the Charities Aci 2011. In addition, Ive considered provisions of other laws and regulotions that do not have a direct effert on the financial statements but compliance with which may be fundamental to the Charity's ability to operate to avoid a material penalty. Audit response to risks identified We tested the operation of the recording of income. We addre55ed the risk of management override of internal contro15 and evaluated whether there wa5 any evidence of bias by the Board that represented a risk of a material misstatement due to fraud. In addition to the above, our procedures to respond to risks identified included the following.. reviewing the financial staternent disclosures and testing to supporting documentatlon to assess compliance with provisions of relevant laws and gUlatiOnS described as having a direct effect on the financial statemeiits,. enquiring of management concerning actual and potential litlgation claims; performing analytical procedures to Identify any unusual or unexpected relationships that fflay indicate r15ks of material misstatement due to fraud,. and in addressing the risk of fr3ud through management override of controls, as5es5ing whether the judgements made in making accounting estimate5 were indicative of a potential bias and evaluating the business rationale of any significant transartion5 that were unusual or outside the normal course of bltsiness. We also communicated relevant identified laws and regulations and potential fraud risks to all the engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. A further descriptlon of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. [www.frc.uklauditorsresponsibilities]. This description forms part of our auditor's report.
THE TONY BRAMALL CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT TO THE TRusfEES OF THE TONY BRAMALL CHARITABLE TRUS[ Use of our report This report is made solely to the Charity's trustees, as a l)ody, in accordance with the Charities Att 2011. Our audit work has been undertaken so that we might thte to the Charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity and the Charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed. 2 July 2024 l Airport West Lancaster Way Yeadon Leeds West Yorkshire LS19 7ZA Fi Parish Cha ered Accountants statutory Auditor
THE TONY BRAMALL CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED S APRIL 2024 2024 2023 Notes Income Income from investments 102,719 90,653 Expenditure Expenditure on raising funds Investment management costs Expenditure on charitable activities Grant making 28,687 28,155 256,170 236,296 Total expenditure 284,857 264,451 Net (expenditure)lincome before gains on investments (182,138) (173,798) Net gainsl(10ssesl on Investments 382,526 14121 Net movement In funds 200,388 1174,2101 Reconciliation of lunds Total funds brought forward 4,759,697 4,933,907 Total funds carried fon¥ard io 4,960,085 4,759,697 All items recorded in the SOFA relate to general unrestritted funds.
THE TONY BRAMALL CHARITABLE TRUST BALANCE SHEET ASA T5APRJL 2024 2024 2023 Notes Fixed assets Investments 4,617,586 4,522,725 Current assets Debtors Cash at bank and in hand 343,699 238,172 Total current assets 343,699 238,172 Creditors: amounts falling due within one year 11,200) 11,2001 Net current assets 342,499 236,972 Total net assets 4,960,085 4,759,697 The funds of the charity Unrestritted income funds io 4,960,085 4,759,697 Totsl charity funds 4,960,085 4,759,697 The financial statements were approved by the trustees on 2 July 2024 and signed on their behalf by., D C A Bramall Trustee
THE TONY BIiAMALL CHARITABLE TRUST NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 5APRIL 2024 Accounting policies Charity information The Tony Bramall Charitable Trust is an unincorporated charity gIStered with the Charity Commission in England & Wales, constituted under a trust deed. The principal addre is 12 Cardale Court, Cardale Park, 8eckwrth Head Road, Harro9ate, North Yorkshire, HG3 IR Y. 1.1 Basis of preparatlon and assessment of going concern These financial statements have been prepared in accordance with Accounting and Reporting by Charities Statement of Recommended prattl applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS 1021,with FRS 102, with the requirements of the Charities Art 2011 and under the historical cost convention as MClfIed by the revaluation of investments assets. The financial statement5 are prepared in sterling, which is the funttional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The trust constitutes a public benefit entity as defined by FRS 102. The Trustees believe that the trust 15 a going concern because it ha5 a strong balance sheet. 1.2 Income recognition nv Investment income is recognised once the charity has entitlement to the income, thÈre 15 sufficient certainty of receipt and so it is probable that the income will be received, and the amount of Income receivable can be measured reliably. 1.3 Expendlture and irrecoverable VAT Resources expended are included in the Statement of Finèncial Activities on an accruals basis, inclusive of VAT, which cannot be recovered. Grants payable are payments made to third parties in the furtherance of the charitable objects of the Trust. The expense is accrued once the recipient ha5 been notified of the grant award. 1.4 Fixed asset investments Lnvestments are a form of basic financial instruments and are initially recognised at their transaction value and subsequently measured at their fair value at the balance sheet date using the closing mid-market valuatSon. The Statement of Financial Attivities includes the net gains and losse5 orising on revaluation and disposals throughout the year. 1.5 Recognlsed galns and losses All gains and 1055es are taken to the Statement of Financial Activities as they arise. Realised gains and losses are calculated as the difference betsveen sales proceeds and their opening carrying valiie or their purchase value if acquired during the year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unalised gains and losses are combined in the Statement of Financial Artivities. 1.6 Financial instruments The charity has electeij to apply the provisions of Settion I I 'Basic Financial Instruments, and Settion 12 Other Financial Instruments Issues, of FRS102 to all of its financial Instruments. Financial Instruments are retnised in the charity's balan sheet when the charity becomes party to the contractual provisions of the instrument. io-
THE TONY BRAMALL CHARITABLE TRUST NOTES TO TNE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5APRIL 2024 1.6 Accounting policies (continued) Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Baslc flnancial assets Basic financial assets, whlch include debtors and cash and bank balances, are initially measured at transaction price Including transaction costs and are subsequently carried at amortised cost using the effettive interest method unless the arrangemenl constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financlal Ilabllltles Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitute5 a financing transaLtiDn, where the debt instrument is meèsui'ed at Ihe present value of the future payments discounted at market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method, Derecognition of financial liabilities Financial liabilities are derecogniscd when the charity's contractual obligations expire or are discharged or cancelled. Investment Income 2024 2023 Dividends Jnterest on fixed interest securitles Interest on cash deposits 86,875 15,842 75,940 14,712 102,719 90,653 Investment management costs 2024 2023 Investment management fee5 Bank charges Bank interest 28,685 28,114 40 28,687 28,155 li-
THE TONY BRAMALL CHARITABLE TRUST NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Analysis of expenditure on charitable activities 2024 2023 Grant making Grant funding of activities Governance costs (see note 5) 254,910 1.260 235,018 1.278 256,170 236,296 Analysis of grant funding A Bit of a Break Alzheimers Research UK Amy & Friends British Heart Foundation Childrens Heart 5urqery Fund Cv5tic Fibrosis Care DEC Ukraine Humanitarian Appeal Auction Deep Blue Crew Francis Hospice Henry Dancer Days Hope for Tomorrow Leukaemia & Myeloma Research UK Little Hiccups Martin House Hospice Mcmillan Cancer Support Open Country RNLI Salvation Army Shift MS Spread a Smile St Michael's Hospice St Michael's Golf Dav The Salvation Army The Second Chance Children5 Society University of Leeds Yorkshire Charity Clay Days York Minster Fund 4,000 200 soo 500 5,000 2,000 2,250 4,500 500 10,000 2,500 2,500 2,968 1,000 500 2,000 5,000 3,000 250 500 5,000 5,000 360 loo 5,000 loo 5,000 400 150 1,000 207,000 207,000 3,650 1,000 254,910 235,518 Governance costs 2024 2023 Audit and accountancy services Sundry expenses 1,200 60 1,2C 78 1,260 1,278 The auditor's remuneration constituted an audit fee of £1,20012023.'£1,200) and other services £Nil {2023'. £Nill. 12
THE TONY BRAMALL CHARrrABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED SAPRIL 2024 Trustee expenses and remuneration The charity trustees were not paid, nor did they receive any other benefits from employment wrth the charity in the year 12023.. £NIl). No charity trustee e1Ved payment for professional or other services supplied to the charity12022: £Nill. No trustee received reimbursement for expenses12023'. £Nil). Fixed asset investments 2024 2023 Movement in fixed asset investments Market value at 6 April 2023 Addition5 at cost Disposals at carrying value Net qainl(loss) on revaluation 4,522,725 2,947,001 (3,234,666> 382,526 4,453,831 1,012,594 (943,2881 1412) Market value at 5 April 2024 4,617,586 4,522,725 2024 2023 Investments at market value comprised: Equities Fixed interest securities 4,159,973 457,613 4,040,459 482,266 4,617,586 4,522,725 Debtors 2024 2023 Prepayments and accrued Income Credltors 2024 2023 Other creditors and accruals 1,200 1,200 10 Analysis of charitable funds All funds of the charity late to unrestricted free reserves. 11 Related party transactions There have been no related party trans3ctions in the reporting period that require disclosure. 13