THE BERGQVIST CHARITABLE TRUST
RECEIPTS AND PAYMENTS ACCOUNTS
YEAR ENDED 31 DECEMBER 2023
THE BERGQVIST CHARITABLE TRUST
REFERENCE AND ADMINISTRATION DETAILS
REG CHARITY NO: 1015707 PRINCIPAL ADDRESS: Moat Farm Ford Aylesbury BUCKS HP17 8XD TRUSTEES: Mrs P A Bergqvist (Chairman) Ms S C Bergqvist Mr P.E.P Bergqvist GOVERNING DOCUMENT: Trust Deed BANK: CAF Bank Ltd Credit Suisse (UK) Ltd 25, Kings Hill Avenue Five Cabot Square Kings Hill London West Malling E14 4QR Kent ME19 4JQ INDEPENDENT EXAMINERS: Mrs Sarah Smith MSc. BSc (Hons) . FCCA. FCIE. mNAVP TSA (Oakham) Ltd 8 Main Street Cold Overton LEICS LE15 7QA
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THE BERGQVIST CHARITABLE TRUST
Independent Examiners Report to the Trustees of The Bergqvist Charitable Trust
I report to the trustees on my examination of the accounts of the Bergqvist Charitable Trust (the Trust) for the year ended 31 December 2023.
Responsibilities and basis of report
As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (" the Act").
I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiners's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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2 the accounts do not accord with those records.
I have no concerns and have come across no othe matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Sarah A Smith (Mrs)
Sarah A Smith (Mrs) MSc. BSc(Hons). FCCA. FCIE.
20th March 2024
TSA (Oakham) Ltd 8, Main Street Cold Overton LEICS LE15 7QA
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THE BERGQVIST CHARITABLE TRUST
TRUSTEES ANNUAL REPORT FOR THE PERIOD ENDED 31 DECEMER 2023.
The report of the trustees for the year ended 31 December 2023 includes the information given on the Reference and Administration page, (page 1).
The charity is constituted as a trust under a deed. New trustees are appointed by existing members.
Objects:
The charity promotes health, the arts, education and the environment, by making grants to specialist registered charities and community organisations.
There is a particular emphasis on epilepsy and psychiatric research projects and a ssisting people with epilepsy and mental health conditions.
Activities in support of the objects:
Grants totalling £11,875 (2022: £71,475) were made in the year.
The trustees are aware of and take account of the Charity Commissions guidance on public benefit when expending the trusts income, supporting a wide range of charitable organisations.
Achievements:
The trust continues to support charities with both ad hoc and regular donations. These pledges cover areas of support as follows: health, arts, community and church, totalling £11,875.
The trustees have resolved to further epilepsy and psychiatric research projects, making further donations in 2024.
Financial Review:
The portfolio performed extremely well in the financial year with gains of 13.3% after outflows of £40k to the trust and management fees of £21k. The value is £2,210,969 at the financial year end.
The value of the portfolio now exceeds the prepandemic level of £2,057,249 recorded at 31 December 2019.
The trustees keep the value of the capital base under constant review with a view to continuing to support vital research and other community work through grants.
Signature
P A Bergqvist
Name Position
Mrs P A Bergqvist Chairman Date 20th March 2024 Page 3
THE BERGQVIST CHARITABLE TRUST
Receipts and Payments Accounts
For the Period 1 January 2023 to 31 December 2023
| NOTE Unrestricted Fund £ Receipts Investment income 40,035 Total Receipts 40,035 Payments Grants Paid 11,875 Management and administration: Secretarial and Bank Fees 60 Book keeping 96 Independent Examination 414 Total Payments Net Receipts before investment proceeds Other income - Disposal of investments Total net receipts for the year. Total Funds Brought Forward January 2023 Total Funds Carried Forward December 2023 |
TOTAL 2023 £ 40,035 40,035 11,875 60 96 414 12,445 27,590 0 27,590 7,942 35,532 |
TOTAL 2022 £ 16,479 16,479 71,475 86 90 396 72,047 -55,568 50,000 -5,568 13,510 7,942 |
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THE BERGQVIST CHARITABLE TRUST
Statement of Assets and Liabilities at December 31 2023
| NOTE Cash Funds CAFCash Account Investment Assets Credit Suisse Portfolio 317525 Total Assets 3 Liabilities Independent Examiners Fee Bookkeeping and accounts preparation Approved by the trustees: Signature |
2023 £ 35,532 2,210,969 2,210,969 2,246,501 410 90 500 |
2022 £ 7,942 1,951,403 1,951,403 1,959,345 410 100 510 |
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P A Bergqvist
Name Mrs P A Bergqvist Position Chairman Date 20th March 2024
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THE BERGQVIST CHARITABLE TRUST
Notes to the Accounts for the Year Ended December 31 2023.
1 Accounting Policies
These accounts have been prepared on a receipts and payments basis in accordance with the Charities Act 2011.
2 Payments to trustees
The trustees receive no remuneration, direct or indirect benefits from the charity.
3 Payments to Related Parties
There are no other payments to related parties.
4 Funds
The charity has no Restricted Funds.
5 Investments
The investments are stated at market value on 31 December 2023.
A transfer of £40,000 of income and gains was made to the Charitable Trust Management fees of £20,863 were charged to the portfolio in the period January 2023 to December 2023. Total outflows £60,863.
The cumulative rates of return (before outflows) 16.42%.
The cumulative rates of return (after outflows) 13.30%.
Bank interest on the Cafcash Account was paid gross at 0.2%
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