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← The Tony Bramall Charitable Trust

2025-04-05-accounts

Charity Registration No. 1001522

THE TONY BRAMALL CHARITABLE TRUST

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

THE TONY BRAMALL CHARITABLE TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees D C A Bramall
K S Bramall-Ogden
A Bramall
G M Tate
Secretary D C A Bramall
Charity number 1001522
Principal address 12 Cardale Court
Cardale Park
Beckwith Head Road
Harrogate
North Yorkshire
HG3 1RY
Auditors Firth Parish
1 Airport West
Lancaster Way
Yeadon
Leeds
West Yorkshire
LS19 7ZA
Bankers Lloyds Bank International Limited
PO Box 10
9 Broad Street
St Helier
Jersey
JE4 8RS
Barclays Bank plc
6 East Parade
Leeds
West Yorkshire
LS1 2AD
Investment advisors Julius Baer & Co. LTD
Lefebvre Street
P.O Box 87
St Peter Port
Guernsey
GY1 4BS

THE TONY BRAMALL CHARITABLE TRUST

CONTENTS

Page
Trustees' report 1 - 2
Statement of trustees' responsibilities 3
Independent auditors' report 4 - 7
Statement of financial activities 8
Balance sheet 9
Notes to the accounts 10 - 13

THE TONY BRAMALL CHARITABLE TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2025

The trustees present their annual report and financial statements for the year ended 5 April 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice (FRS 102) applicable to small charities and FRS 102.

Objectives and activities for the public benefit

The charity's objectives continue to be to give 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 causes 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 charity receives applications for funding for a variety of different projects. Decisions are made on the basis of the objectives of the charity and if they fall within the relevant criteria the charity will review all the applications and decide which to consider and investigate further.

Certain fund requests are assessed by personal visits and discussions with the applicants.

In a number of instances the charity will make further contributions to causes supported in previous years.

Achievements and performance

Grants totalling £230,840 were made during the year, the largest of which was to Leeds Hospital where research into the cure/prevention 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 which will require funding from our charity of circa £1M. This will account for the majority of investment income and will also need us to cash a limited amount of the investment portfolio from time to time.

This is a particularly poignant contribution to the research into mitigating the effects of ovarian cancer, a disease which one of our Trustees, Melanie Foody, succumbed to.

Financial review

The charity was 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 charities or applications complying with the charity's objectives.

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. This level of reserve has been maintained throughout the year. Reserves at the year end were £4,944,889.

Plans for the future

We will continue to support causes and charities whose activities are in line with our objectives, namely the support of medical and welfare activity together with assisting persons or causes in need of help to achieve their wellbeing.

THE TONY BRAMALL CHARITABLE TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2025

Risk management

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to major risks.

Structure, governance and management

The trust is 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 1RY.

The trustees who served during the year were: D C A Bramall K S Bramall-Ogden A Bramall G M Tate

Trustees are recruited as and when 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 audit information of which the company's auditors are unaware. Each trustee has taken all the steps that they ought to have taken as 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: 17 July 2025

THE TONY BRAMALL CHARITABLE TRUST

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The charity trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period.

In preparing these financial statements, the trustees are required to:

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 deed. They are also responsible for safeguarding the assets of the charity and hence for taking 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 CHARITABLE TRUST

Opinion

We have audited the financial statements of The Tony Bramall Charitable Trust (the charity) for the year ended 5 April 2025 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:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) 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 report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director’s use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity’s ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, including the trustees’ report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility 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 course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

THE TONY BRAMALL CHARITABLE TRUST

INDEPENDENT AUDITOR'S REPORT

TO THE TRUSTEES OF THE TONY BRAMALL CHARITABLE TRUST

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ report.

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of the trustees

As explained more fully in the statement of the trustees responsibilities set out on page 3, the trustees are responsible for the preparation of the financial statements and for being 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 assessing 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 realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether 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. Misstatements 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 basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

We identify and assess the risks 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 audit was considered capable of detecting irregularities, including fraud

The extent to which the audit is capable of detecting irregularities, including fraud is affected 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 irregularities that result from error.

THE TONY BRAMALL CHARITABLE TRUST

INDEPENDENT AUDITOR'S REPORT

TO THE TRUSTEES OF THE TONY BRAMALL CHARITABLE TRUST

In identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, we considered: the nature of the charities activities, control environment and business performance 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 having reviewed the charity's procedures relating to identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance, detecting and responding to the risks of fraud and whether they have any knowledge of any actual, suspected 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 financial statements and any potential indicators of fraud.

We assessed the effectiveness 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 greatest 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 laws and regulations that had a direct effect on the determination of material amounts in the financial statements. The key laws and regulations we considered in this context included the Charities Act 2011. In addition, we considered provisions of other laws and regulations that do not have a direct effect 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 addressed the risk of management override of internal controls and evaluated whether there was 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 statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements; enquiring of management concerning actual and potential litigation claims; performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; and in addressing the risk of fraud through management override of controls, assessing whether the judgements made in making accounting estimates were indicative of a potential bias and evaluating the business rationale of any significant transactions that were unusual or outside the normal course of business.

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 description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: [www.frc.uk/auditorsresponsibilities]. This description forms part of our auditor's report.

THE TONY BRAMALL CHARITABLE TRUST

INDEPENDENT AUDITOR'S REPORT

TO THE TRUSTEES OF THE TONY BRAMALL CHARITABLE TRUST

Use of our report

This report is made solely to the Charity's trustees, as a body, in accordance with the Charities Act 2011. Our audit work has been undertaken so that we might state 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.

17 July 2025 1 Airport West Firth Parish Lancaster Way Chartered Accountants Yeadon Statutory Auditor Leeds West Yorkshire LS19 7ZA

THE TONY BRAMALL CHARITABLE TRUST

STATEMENT OF FINANCIAL ACTIVITIES

AS AT 5 APRIL 2025

----- Start of picture text -----
2025 2024
Notes £ £ £ £
Income
Income from investments 2 77,461 102,719
Expenditure
Expenditure on raising funds
- Investment management costs 3 30,876 28,687
Expenditure on charitable activities
- Grant making 4 232,100 256,170
Total expenditure (262,976) (284,857)
Net (expenditure)/income before gains on investments (185,515) (182,138)
Net gains/(losses) on investments 7 170,319 382,526
Net movement in funds (15,196) 200,388
Reconciliation of funds
Total funds brought forward 4,960,085 4,759,697
Total funds carried forward 10 4,944,889 4,960,085
----- End of picture text -----

All items recorded in the SOFA relate to general unrestricted funds.

THE TONY BRAMALL CHARITABLE TRUST

BALANCE SHEET

AS AT 5 APRIL 2025

----- Start of picture text -----
2025 2024
Notes £ £ £ £
Fixed assets
Investments 7 4,610,700 4,617,586
Current assets
Debtors 8 - -
Cash at bank and in hand 335,389 343,699
Total current assets 335,389 343,699
Creditors: amounts falling due within
one year 9 (1,200) (1,200)
Net current assets 334,189 342,499
Total net assets 4,944,889 4,960,085
The funds of the charity
Unrestricted income funds 10 4,944,889 4,960,085
Total charity funds 4,944,889 4,960,085
----- End of picture text -----

The financial statements were approved by the trustees on 17 July 2025 and signed on their behalf by:

D C A Bramall Trustee

THE TONY BRAMALL CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

1 Accounting policies

Charity information

The Tony Bramall Charitable Trust is an unincorporated charity registered with the Charity Commission in England & Wales, constituted under a trust deed. The principal address is 12 Cardale Court, Cardale Park, Beckwith Head Road, Harrogate, North Yorkshire, HG3 1RY.

1.1 Basis of preparation and assessment of going concern

These financial statements have been prepared in accordance with 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),with FRS 102, with the requirements of the Charities Act 2011 and under the historical cost convention as modified by the revaluation of investments assets.

The financial statements are prepared in sterling, which is the functional 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 is a going concern because it has a strong balance sheet.

1.2 Income recognition

Investment income

Investment income is recognised once the charity has entitlement to the income, there is 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 Expenditure and irrecoverable VAT

Resources expended are included in the Statement of Financial 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 has been notified of the grant award.

1.4 Fixed asset investments

Investments 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 valuation. The Statement of Financial Activities includes the net gains and losses arising on revaluation and disposals throughout the year.

1.5 Recognised gains and losses

All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses are calculated as the difference between sales proceeds and their opening carrying value 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 unrealised gains and losses are combined in the Statement of Financial Activities.

1.6 Financial instruments

The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 ' Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial Instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

THE TONY BRAMALL CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

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.

Basic financial assets

Basic financial assets, which 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 effective interest method unless the arrangement 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 financial liabilities

Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the 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 derecognised when the charity's contractual obligations expire or are discharged or cancelled.

2
Investment income
Dividends
Interest on fixed interest securities
Interest on cash deposits
3
Investment management costs
Investment management fees
Bank interest		 2025
£
58,217
19,241
3
77,461
2025
£
30,873
3
30,876		 2024
£
86,875
15,842
2
102,719
2024
£
28,685
2
28,687

THE TONY BRAMALL CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

----- Start of picture text -----
4 Analysis of expenditure on charitable activities 2025 2024
£ £
Grant making
- Grant funding of activities 230,840 254,910
- Governance costs (see note 5) 1,260 1,260
232,100 256,170
Analysis of grant funding
£ £
A Bit of a Break - 4,000
Alzheimers Research UK - 200
British Heart Foundation 5,000 5,000
Childrens Heart Surgery Fund 1,000 2,000
-
Claire House Children's Hospice 1,000
-
Clatterbridge Cancer Hospital 1,000
-
Cystic Fibrosis Care 2,250
-
DEC Ukraine Humanitarian Apeal (500)
-
Deep Blue Crew 10,000
-
Henry Dancer Days 2,500
-
Hope for Tomorrow 3,000
-
Lymphoma Action 1,000
-
Martin House Hospice 5,000
MacMillan Cancer Support (2,500) 5,000
RNLI 350 360
The Salvation Army 50 100
Shift MS - 5,000
Spread a Smile - 100
St Michael's Hospice 5,000 5,000
St Michael's Golf Day - 400
Stroke Association 1,000 -
The Kirwood 4,440 -
The Second Chance Childrens Society 2,000 1,000
University of Leeds 207,000 207,000
Wentwood Woodhouse Preservation Trust 1,000 -
York Minster Fund 500 -
2024 Harrogate Annual Cancer Campaign 500 -
230,840 254,910
5 Governance costs 2025 2024
£ £
Audit and accountancy services 1,200 1,200
Sundry expenses 60 60
1,260 1,260
----- End of picture text -----

The auditor's remuneration constituted an audit fee of £1,200 (2024: £1,200) and other services £Nil (2024: £Nil).

THE TONY BRAMALL CHARITABLE TRUST

FOR THE YEAR ENDED 5 APRIL 2025

NOTES TO THE FINANCIAL STATEMENTS

6 Trustee expenses and remuneration

The charity trustees were not paid, nor did they receive any other benefits from employment with the charity in the year (2024: £Nil). No charity trustee received payment for professional or other services supplied to the charity (2024: £Nil). No trustee received reimbursement for expenses (2024: £Nil).

7
Fixed asset investments
Movement in fixed asset investments
Market value at 6 April 2024
Additions at cost
Disposals at carrying value
Net gain/(loss) on revaluation
Market value at 5 April 2025
Investments at market value comprised:
Equities
Fixed interest securities
8
Debtors
Prepayments and accrued income
9
Creditors
Other creditors and accruals		 2025
£
4,617,586
1,583,247
(1,760,452)
170,319
4,610,700
2025
£
4,099,472
511,228
4,610,700
2025
£
-
2025
£
1,200		 2024
£
4,522,725
2,947,001
(3,234,666)
382,526
4,617,586
2024
£
4,159,973
457,613
4,617,586
2024
£
-
2024
£
1,200

10 Analysis of charitable funds

All funds of the charity relate to unrestricted free reserves.

11 Related party transactions

There have been no related party transactions in the reporting period that require disclosure.