## **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 Page 1 ## **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: - 1 accounting records were not kept in respect of the Trust as required by section 130 of the Act; or - 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 Page 2 ## **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**| |---|---|---| Page 4 ## **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**| |---|---|---| ## P A Bergqvist Name Mrs P A Bergqvist Position Chairman Date 20th March 2024 Page 5 ## **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% Page 6