REGISTERED CHARrrY NUMBER: X029337 REPORT OFTHE TRUSTEES AND ihYAUDrrED FINANaAL STATEMEKrs FOR THE YEAR ENDED 30 SEPTEMBER 2024 Lewls Brownlee (Chithester) Limlted Grange House Grdnge Road Midhutst GU29 9LS
coriTENfs OF ThE FINANCIAL sfATEMEKrs FOR THE YEAR ENDED 30 SEPTEMBER 2024 Page Report of the TTUStees Independent Examlner's Rewt Statement of Flnancial Activitses B•lonc• Sh••t Notes to the Flnanclal Statements 7 to 11 Detailed Statement of fmancial Artivities 12
REGISTERED CHARThY NUMBER: 1029337 REPORT OFTHE TRUSTEES AND UNAUDrrED Fll4ANCIAL STATEMEpirs FOR THE YEAR ENDED 30 SEPTEMBER 2024 FOR Lewi5 Brownlee (thichester) iifflited Grange House Grdr¥Je Road Midhurst West Sussex GU29 9LS
CONTEIITS OF THE FINANCIAL STATEMEPITS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Page Report of the Trustees I to 3 Independent Examiner's Report ststement of finan(ial Actlvltles Balance Sheet Notss to the Financial Statements 7 to 11 Detalled Stknment of fin•n¢ial Actlvi 12
THE BErrY P4ARTZN CHARrrY REPORT OF THE TRusfEES FOR THE YEAR ENDED 30 SEPTEMBER 2024 The TnJstees prnt their rep)rt with the finandal Statern of the charity for the year ended 30 September 2024.The Trustees have athpted the promsions of Accounting aThJ Rewrtlng by Charities: Ststement of Recommended Prath"ce applicable to char"eS prepartng theSr accounts in accordance wÈth the financial Reporbng Standard appliCae in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJEcmiES AND AcrIvrTIES Objectives and aims The charitvs ObJeLts are to a(fvar ethxation by proMdlrwJ flnanoal help and tréining for young peorAe to enable them trj acqui marketsble skills. The charity also helF6 children and young FeoF4e with the thncement Lrf thdr health, by maknng suitable grants to individuals an(Vor organitrOns. There has been no thange in these during the year. The Tnjstees have paid due regard to ldan issued by the Charity Commlsgon on pubtic tenefrt in deciding what actIvleS the chanty should undertak Slgnlflont actfvities The main areas of charitstle acbvity Indude the promsion of top up grBnts to pay fees, travel expenses. maintenan. arentICeshIpS and for the purchase of bcoks,tools etc. Grants are also promded to Inst£tutÉors such as schools to hdp address the health is9Jes of thlltknn and ywng peopl& Appllcants mL& be resident In the county of West Sussex and preference will be glven to those aFplicants who live within radius of flfteen mSle5 of Mldhurrt from Mldhurst parlsh churth. ACHIEVEMEpif AND PERFORMANCE Charitable activlties £19,015 worth of grants have been awarded during the year (£14,755 last year].ThSs Induded £10,000 being awardèj to Easeboume Primary School to establish è Nurtrjre Room. The aerk C1)nnueS to get telephcffie calls, emails and regarding gRnts. We e1ve enqulrfes from the Jocal college and sthools and the wetsite- Tum2us- fvgs up the Bety Martln Charlty. Sadw the ObJects have not applicable to many of the enqulries and, If a01cae, the Objects have been fc4vdardeJ gmng danfiration. FINANCIAL REVIEW Flnandal position The investment income has Increased from £26,261 la year to £28,046 thts year. . The overall expendIre has Increased from £26,907 to £31,256. Thls & malnly due to more grants belng awarded thts year. The irwesknerts produced unreafised gains (rf n4,190 compar&J to £44,071 last year. :. Consequenty, the balance sheet reser have Increased from £686,533 to £763,524. Reserves policy It is the Follcy of the chtrlty that unrestTiCted funds which have not teen dtsignated for a speofic use shDuld be malntsined at a level equIdIent to tetween three and sLx months e>penditure. The TnJst&s con>der that reserves at this level will ensure tha¢ in the evert of a stgnificant drop in fvnding, they will be atle to continue the thaty'S curTht activlties while corsiderion is gwen to ways in which additsorkil funds may be rai5a. Thi5 levd of reserves has been malniained throughout the year. pe1
REPORT OF THE TRusfEES FOR THE YEAR ENDED 30 SEPTEMBER 2024 . FINANCIAL REVIEW Goin9 concern At the time of approving the accounts, the Trustees have a reasonable expthtion that the Trl has adequate resour to continue in operational e>isteno for the foreseeat4e future. EXpditUre In the year (£31,356) marginalty exceeded income (£28,046). However, thls is Ixfore tsknng 5ubstsnttal investrnent gains into accounL The chariws reseNes totsl £763,524 at the end of the accounting year. Thus the Trustees continue to ath)pt the grj C(eM basis of accountlng in preparing Ihe accounts. FufuRE PLANS The TNstee5 are looking forward to the new year with considerable opb"mi5m and &ncerety hoFe th slgnrftcandy mo Ic(al peOe Mht benefit from whatever fmandal supF4xt the Tn& may able to clfer. The Significant finanoal SUPFQrt gfven to Easeb)ume Primary Sd1 and Midhur Primary Schcol during the List four years shows how detemiined the Trustees a to wowde help for thanclng edLK*ion •Jfically in the local area. STRucnJRE, GOVERNANCE AND MANAGEMENr Goveming document The tharty is controlled by Its govemirfj drnent a deed of trust and constthtes an unlncorFrf)rated charty. Charity Con9tutiOn The chanty was estsbl¢thed on 30 N(emr 1993, and is registered under the Charitses Act {registr3tson number 1029337), Recrultment and appolntmert of new trustees New TrLbStees are appolnted with the full agreement of the b)ard to use thelr s115 and e>perience as directed. New Trustees are directed to the Chartty Commisgon wetsts and SFeaficalty to the introductory guide "Charity Trustee whatrs involved. (CC3a) and the detalled gUIdar Tr essentsal Trustee: what you ne to know, what you need to do. (CC3). Organlsatlonal structure The grant applicabon prottdure conts'nues as tefore, the aerk fmarts by emall, or scans the parers and fon+¥ards to all Trusteth The Trustees use email in their response to the applications and appropriate PaFers receiva. They "repty to all" so that each Trustee is awarE of other respxGes. The Trustees contlnue to be strict in their adherence to the Objts, wth wderence grven to those who lfve withln a flfteen mile radius of Mldhurst Parish Churth. ljl applicab'on5 are COde.... Mr Nichola5 Taor of Charteris continues to manage the fvnd& Paul Legrave carried out the role of aervc0rre5ndenL GDPR and policy statements The Tn&ees conb'nue ts follow the guidelines of Generdl Dats Protection RegUlaOr, engjring confidentyality for all apICants. AJI those seeklng flnancial supp)rt are adwsed that a copy of the PrTVaCy Policy yuld be available on requesL Risk management The trustees have assessed the majcr nsks to whlth the charity is exposed, and a satisfied that wstems are in place to mitlgate expjsure to the major rlsks. REFERENCE AND ADMINISTRATIVE DEfAILS Registered Charlty number 1029337 Page 2
REPORT OF THE TRusfEES FOR THE YEAR ENDED 30 SEPTEMBER 2024 Prinapal address Ashfield HoLse 7 Ashfield Close Midhur5t West Sussex GU29 9RP Trustees MS55 J Lorimer-Green Mr D J Mccaheaty Mrs E Moore Mr N W Simpson S Legrave CBE Mrs S Clark Independent Examiner Melanie Welsh FCCA ACA Lewis Brownlee (Chichester) Llmlted Grange House Grange Road Midhurst West Sussex GU29 9LS Bankers Nats'onal Westminster Bank PLC 250 8ishopsgate London EC2M 4AA Investment advisors Charteris Treasury Portfolio Managers Ltd 8-9 Lovat Lane London EC3R 8DW Delegated Management Mr P Legrave 2 Zois Appnjved by order of the board oftrustees on ............................................. and slgn&J on its behalf by: Mrs s aark- Trustee Page 3
INDEPENDENT EXAMINER'S REPORTTO THE TRusfEES OF THE BErtY MARTIN CHARrrY Independent examiner's report to the trustees of The Betty Martin Charity I rep)rt to the charfty trustees on my examination of the accounts of The Betty marrt Chaty (the Tnjst) for the year ended 30 SeFtemter 2024. Responsibilities and basis of report As the charity tjustees of the Tru# you are resF(ffjilJe for the preparat1 of the accounts in accordan with the requirements of the Charitses Aci 2011 (the Ace). l port In re5Ft of my examlnat'on of the Tnjsvs accoLÈnts carried out under Sectton 145 of the Act and In carying out my ex7mlnatlon I have followed all applicabk Directions gNen by the arty Commission under Section 14S{5)(b) of the Indep¢ndent examiner's statement I have completed my examlnation. I confirm that no mateJial matters have come to my attenb'on in connertlon wlth the examSnatlon glwng me cause to believe that in any material reSFect accounting OrdS were not kept in re5Ft of the Trust as rUirj Sethon 130 of the Att; or the accounts do not accord wtth those records; or the accounts do not compty with the appllcaile requirements conceming the fom and content of accounts set out in the Charities (Accounts and Reparts) Regulatr"ons 2008 other than arry requirement that the accounts give true and falr view whith is not a matter consderd as part of an Independent exaMInaOn. I have no concems and have come across no other matters in cOnnOn with the eyaminailon to whlth attention should be drawn in this report In order to enable a woper understanding of the accounts to be reached. 4 LK) eL3 Melanie Welsh FCCI AC4 Lewls Brownlee (Chichester) Uml& Gran9e House Gran9e Road Midhurst West Sussex GU29 9LS OLloY12ozs Date.. Page 4
THE BErrY MARIIN CHARThY srATEMENT OF FINANCIAL AcfivrnES FOR THE YEAR ENDED 30 SEPTEMBER 2024 2024 Unrestricted fund Total funds 2023 INCOME AND ENDOWMEflTS FROM Investment income . 28.046 26,261 EXPENDMIRE ON Ralslng funds 10.738 10,676 Charitable act•¥ibes Grants payBtle 19,015 14,755 Other 1,603 1,476 Totsl 31A56 26,907 Net gainsl(losses) on investrnents 6,111 (12,048) NET INCOMEI(EXPENDrnIRE) other reco9nised gainsl(l(•sses) Gains on revaluation of fLxed assets uoi (12,694) 74,190 44,071 Net 0Me in lunds 76.991 31,3 RECONCZLIATION OF FUNDS Total funds brought forward 686,533 655,156 TOTAL FUNDS CARRIED FORWARD 763,524 686,533 The Tr)te5 fonn part of these finandal statsma pe5
BALANCE SHEET 30 SElYtEMBER 2024 2024 Unrestricted fund Total funds 2023 FIXED ASSEf5 Investments 747,078 676,914 CURRENT ASSETS Cash at bank 16,684 9,694 NEf CURRENT ASSErs 16.684 9,694 TOTAL ASSETS LESS CURREpif LIABILrriES 763,762 686,608 ACCRUALS AND DEFERRED INCOME (238) (75) NEf ASSErs 763,524 686,533 FUNDS Unrestricted funtts 763,524 686,533 TOTAL FUNDS 763,524 686,533 The finan al statements We approved by the Board cl Tru*ees ar#J authorised for 559Je on ..LS).-LS... and were sgned on its behalf . Mr5 S Clark- Trustee Mrs S Legrave CBE- Trustee The notes fomi part of finanoal stthients Page 6
THE BErrY MAirrIN CHARrrf NOTES TO THE FJNANCIAL sfATEMEK FOR THE YEAR ENDED 30 5EvfEMBER 2024 ACCOUNTING POLICIES Basis of preparing the financlal statrlnents The finanaal 51atements of the chaiity, which is a putlic benefft entity under FRS 102, have been prepared in attordance with the Charibe$ 50RP(FRS 102) Accounting and ReForbng by Charities: Ststement of Recommended Prdctice appliczbie to charibes preparing their accounts in accordance with the Finanoal Reporting standard applicatrAe in the UK and Republic of Ireland (FRS 102) [effeCve l January 2019),, Finèncial Reporting Stsndard 102 The Financial Reporting Stsndard atvlicable in the UK and RepuE4ic of IreJan(r and the [JritIeS Art 2011. The financial ststernents have Ixen prepared on a going contrm basis under the historical cost conventÉon with the exopts'on of inve5trnents whith are indJj at market valu The presentational cuffenw of the finanoal statemexts is in Pound Sterling (Q which is rounded to the nearest Found (£). Incomlng resources All income and endowments are accounbl for wlthout d8Juctlon for ary cc6ts of reCeb11ty, a rclnISed when there is eviden of entttlemen¢ receipt 15 probable, and the amount can te measured reliably. Voluntary Inconle Donatiorns are reccgnis&J when reived. Income tax COVerable on Gift Aid donab.ons is rQgn[Sed when the income is recagnised. Grants and legacies are recognLsed when the formal clfer in writing of the funding is retrived. Income from LIrable Activities Income is reccJnised when the money is recelved. Income from Investments Dbvidends are accounted for when due paydble. Interest enutlements ère accounted for as they acts. Tax recover3tle on such Income is rgnIS In the Same accounting year. All other income All other Income ts remgrised In Faityj to which rfc late& Income received In adwdnce is deferd to the reritrj to whlch It relate5. Galns and losms on Investments . ' Reallsed galrts are reccgnised when the investments a sold. Unreallsed galns and losse5 are accounted for on revaluation on 30 September. Resources used Resources exFended are courted for on an accruals b artd are accounted for gross. The management and attivitie5 of the tharty are orrfejj out by volunteers This Income and cost 5$ not induded In the flnandal 5tatemerts as this voluntsry contritthon to the work of the charity is IncaloJlable. Grants Grants and donations are accounted for when p"d over, or when awarded the award create5 a binding obllga¥on on the charty. Taxation The chanty exempt from lax Its chNttable acbvities. Fund accountlng Unrestrftted funds can be used In atC0rdan with the tharitable obJecbves at the di5cret5on of the trust Reth"rted funds (an On be used for parbcular restricted purFQSes wlthin the obJts of the charity. Restrictions arise when SFeofied ty the donor or when funds a rased for particular reslJicted purp05e5. Page 7 continued...
THE BErrY MARTIN CHARrrY . . NOTES TO THE FINANCIAL sfATEMENTS- contlnued FOR THE YEAR ENDED 30 SEPTEMBER 2024 ACCOUNflNG POLI(JES- c(ffttinued Financial instruments Investmffits are 3 fomi of basic financial irstrument and are inlbally recognised at their transaction value and subsequenuy measured * thelr falr value as at the lan sheet date uslng the doslng quoted market pri. All gains and losses are tsken to the Ststemert of nanCIal Artivities a5 they ari5& Realised gains and losses on investments are calculated as the differen LEtsYeen sales proceeds and thelr opening Ca¥ing value. Unreallsed gèins and10sses a calcul*ed as the drfference between the falr value at Ihe yeawnd and their Carrn9 value. INVEsfMENT INCOME '. 2024 2023 Income from listed investments Deposit account interest 28,031 15 26,249 12 28,046 26,261 RAISXNG FUNDS Investment management costs 2024 .. 2023 Portfolio Managefflt 10,738 10,676 OTHER 2024 2023 SupFM)rt cc6ts . 1,603 1,476 Supp)rt Costs £1,603 indudes the Indent Examinats' fee of £1,380 (2023- £1,476 Indudes a fee of £1,260). TRiisfEES' REMUNERATiof4 AND BENEFtTs There were no trustees, remunwdtirm) or cther t5 for the year en(kd 30 Sektsmter 2024 nor ft>r the year ended 30 Septemter 2023. There were no trustees, experses pad for the year ended 30 Sertember 2024 nor for the year ended 30 September 2023. continued...
NOTES TO THE FINANCIAL sfATEMENTS- continued FOR THE YEAR ENDED 30 SEJYfEMBER 2024 FIXED ASSEf INVEsfMEKrs . . Listed investments MARKEf VALUE At I OLtober 2023 Additions Dispjsals RevaluaOons 676,914 179A40 (189,576) So00 At 30 Septemter 2024 747,078 NET BOOK VALUE At 30 September 2024 747,078 At 30 September 2023 676,914 There were no investrnent assets outgde the UL If Ilsted Investments had not been re4aued would Ipve iten induded * their hlstorfcal cost of £500,863. ACCRUALS AND DEFERRED ZNCOME 2024 2023 Accruals and dderred Income 238 75 MOVEMENT IN FUNDS Net movement hb funds At 3019124 At 1110123 Unrestricted funds General fund 686J33 76,991 763,524 TOTAL FUNDS 686W3 76,991 763,524 Net movement In funds, Induded in the at¢ve a as foltows: Incoming Resources Galns and Movement expended losses in funds Unrestrlcted funds Generdl fund (31356) 80,301 76,991 TiyfAL FUNDS '" (5156) 8001 76,991 Page 9 contlnued...
NOTES TO THE FINANCIAL sfATEMEltrs- continued FOR THE YEAR ENDED 30 SEvfEMBER 2024 MOVEMENT IN FUNDS- contlnued Comparatives for movement in funds Net movement In funds At 3019123 At 1110122 Unrestrlcted funds General fund 655,156 31,377 686,533 TOTAL FUNDS 655,156 31,377 686.533 Comparthe net movement In fun(kn Induded In the aly)ve are as follows: Incoming Resources :. . . resources exPered '. Gains and Movement In funds Unrestrict•d funds General fund 26,261 (26,907) 32,023 31,377 TOTAL FUNDS 26,261 (26,907) 32,023 31,377 A current year 12 months and plor year 12 montr6 combined rosl¥fffi Is as follows: movement In funds At 3019124 At 1110122 Unrestricted funds General fund 655,156 ICBR68 763,524 TOTAL FUNDS 655,156 108,368 763,524 A current year 12 months and pnor year 12 montrts combinejj net movemd)t In fund5, Induded in the atrf)ve are as follows.. Incoming Resources Gains and Movement in funds Unrestrlcted fiinds General fund 54,307 (58,263) 112.324 108,368 TOTAL FUNDS $4,307 (58.263) 112,324 108,368 Page 10 continued...
NOTES TO THE FINANCIAL sfATEMENTS- continued FOR THE YEAR ENDED 30 SEwfEMBER 2024 RELATED PARTY DISCLOSURES There were no rdated party tsBnsactior6 for the year ended 30 Septemter 2024 nor for the year ended 30 SeFtemter 2023. Page 11
DAILED sfATEMEfff OF FXNANCXAL AcrIvmES FOR THE YEAR ENDED 30 SEpfEMBER 2024 2024 2023 INCOME AND ENDOWMENTS IrEV95tment incorne Income from lid investments Deposit account interest 28,031 15 26,249 12 28.046 26,261 Total Incoming r•sour¢¢s 28,046 26,261 EXPENDrruRE Investment managem•nt costs Portfolio management 10,738 10,676 Charitable activities Grants to institutions Grants to individuaLs lo00 9,015 10,000 4,755 19,015 14,755 Support costs Mamgement Administration expenses 223 216 Governance costs Accountsncy and legal fees 1,260 Totsl resources eynded 31,356 26,907 Net expenditure befor• gains and (3,310) (646) Reallsed recognlsed gains arml losses Realised gair@(lossesl on tlxed asset Investments 6,111 (12,048) Net Incomel(expenditure) 201 (12.694) Thi% paje ckes not foThn part of the stJW financlal statements Pèje 12