Charity number: 1077748 Jl LfyJ 11.1- The Boodle & Dunthorne Charitable Trust Trustees, Report and Financial Statements 5 April 2021 The Boodle & Dunthorne Charitabl6 Trust REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS For thè yèar ended 5 April 2021 Truslees N A Wainwright M J Wainwright Charity règistered number 1077748 Principal office Boodles House 35 Lord Street Liverpool PÉrthshire L2 9SQ Accountsnts Blick Rolhenberg Audit LLP Chartérèd Accountants 16 GtEal Queen Slreel Covenl Garden London WC2B SAH BankÈrs Barclays Bank PIC Liverpool Busines8 Centre Lsverpc)ol The Boodle & Dunthorne Charitable Trust TRUSTEES, REPORT For thè yèar endèd 5 April 2021 The Trustees present their annual report together with the financi81 $18lemenls of the charity for the 6 April 2020 to 5 April 2021. Slructuyei governance and management Constitution The Trust was established by selll@ment dated 4 Augugl 1999. The principal objective ol the charity is lo make grants for charitable purposes. The Trust is an unincorporated Gharily registered with the Charities Commission under number 1077748. There have been no changes in the objectives sinc6 the last annual report. b. Methods of appointment or election of Trustèes The management of the charity 15 the responsibility of the Trijstees who are elecled and co-opted under the teTms of the Trust deed. The exislirtg Trustees have the power lo appoint new Trustees as considered necessary. Oblectlves and actlvltles Policles and oblectlves In selling objectives and planning for aclivilies, the Trustees have given due consideration lo general guidancè published by the Charity Commission relating lo public benefit, including the QLEidanc8 'Public ￿nefit.. running a ¢harily IPB21'. The objective of the Trust, as slated in the settlement deed, is lo identify and provide funding to charitable causes Within the Uniled Kingdom. b. Activitie5 undertaken to achieve objeGtive5 During the year the Trusl has made grants lo a number of charitable organisalions M4lhin the United Kingdom. All aclivitl8s undertaken have been don& so in Sltpport of the Trust's principal obj8¢lives. ¢. Grant-making policies The Trustees have discretion over where and when gr8nls made. Granls wll be made by the Trustees as and when they identify a suitable and deserving eause. Achievements and performance a. Going Concern Aftér making appropriate enquiries, the Iruslees have a re8son8ble Èxpe¢tation that Ihe charity has adequate re50uice8 lo continue in operational existen￿ for Ihe foreseeable lulure. For this reason they continue to adopl the going concern basis in prep81ing the financial slalements. Page 1 The Boodle & Dunthorne Charitable Trust TRUSTEES. REPORT ICONTINUEDI For the year ended 5 April 2021 Achievements and performanttè ItontinuÉdl b. Review of activities The Trustees are pléasèd lo report that financial support has been provided to v8rious deseNing ch8rit8ble causes during the year as more fully detailed in note 4 to these finanGial slalemenls. Inveslmenls income and donations recognised for the year amounled lo £119.64012020.' £302,627). Fundraising activities and income geheratSoh Thè Trustees do not fundraise. The income is derived from ils investments and by donalk)ns received from Boodle and Dunlhorne Limited. d. Investment policy and performan¢e The Trustees have appointed and given discretion lo Inveslec for the day.lo-day management of the investments held by the Trust. Investments are made in accordance with the directions of the Trustees, who control the overall nature of the investment portfolio atid who are responsible for the overall finan¢ial control of the Trust. The Trustee's investment policy is lo seek lo enhance the capita5 value of the portfolio so th81 IN the term the income and future capital gains will be suffi¢ienl lo meet the expenditure requirements of the Trust. During the year under review, investments performed favourably. Flnanclal revlew . Reserves poll¢y 11 is the policy of the Trust ID maintain unreslricled funds, whi¢h are the free reserves at a18vel which is sufficient lo cover grant making and management and adminislTalion costs and which allows the Trust to be managed etficiently. The financial slalements show that unrestricted funds at the year-end lotalled £1,200,976 {2020'. £1,084,917). Plat)s for future periods The Trustees intend to Gonlinue to provide the funding for Gharilable causes for the foreseeable future in line with the prÉncipal objective of the Tmst. Page 2 The Boodle & Dunthorne Charitablè Trust TRUSTEES, REPORT ICONTINUEDI For the year eiidod 5 April 2021 ststement of Twstees. responsibilities The Trustees are responsible for preparing the Trustees, Report and the financial slalemenls in accordance with applicable law and United Kingdom Accounting Standards (Uniled Kingdom Generally Accepted Accounting Praclicel. The law applicable to Charities in England & Wales requires the Trustees lo prepare financial slalemenls for each financial which give a true and fair wew of the slate of affaiis of the charity and of ils incoming resources and application of resources, including its income and expenditure, for thal peiiod. In preparing these financial slalemenls, the Trustees are reqUI￿d to.. select suitable accounting policies and then apply them consislenlly,. observe the methods and principles of the Charities SORP IFRS 102)., make judgments and accounting eslimales that are reasonable and prudent,, slate whether applicable UK A¢counling Standards (FRS 1021 have been followed, subject lo any material departuies disdosed and explained in the financial slatemenls., prepa￿ the finanual statements on the going concern basis unless il is inappropriate lo presume that the tharilywill continue in business. The Trustees are responsible for keeping adequate 8ceounting records that are sufficient lo show and explain the charity's transactions and disclose with reasonab￿ accuracy al any time the financial position of Ihe charty and &nalJle them lo ensure that the financial slalements comply with the Charities Acl 2011, the Charity (Accounts and Reports) Regulations 2008 and the prowsions of the Trust deed. They are also re5wnsible for safeguarding the assets of the ¢harily and hence for tsking reasonable staps for the preventM)n and deleclK)n of fraud and other Irregularities. proved by order of the members of the board Trustees and signed on their behalf by.. N A Walnwright Trustee Dale.. g February 2022 Pag& 3 The Boodle & Dunthome Charltable Trust INDEPENDENT EXAMINER'S REPORT For thè year ended 5 April 2021 Independent Examlnerfs Report to the Trustees of The Boodle & Dunthorne Charitabk Trust I'the charity'l I report lo the tharity Trusteès on my examination of the accounts of Ihe charity for the year ended 5 April 2021. Responsibilities and Basls of R8POrt As the Trustees of the charity you are responsible for the prep8r81ion of the accounts in accordance vthh Ihe requirements of Ihe Charities Act 20111'lhe 2011 Acl'l. l report in respect of my exarninalion of the thariivs accounts carried out under section 145 of th& 2011 Act and in carrying OLtI my examin8lKJn I have followed the appli¢ablo Diredions given by the Charty Commission under section 145{51{bl of the 2011 Act. Independent Examiner's Statemont I have completed my examination. I confirm that no mallers have come lo my attention in connection wllh th? examination giwng me cause to believe that In any material respect.. 8cc£Junling recotds were not k&pl in respect of the charity as required by seclKJn 130 of the 2011 Act,. or the accounts do not accord with those records.. or the accounts do not comply with the applicable requirements conceming the form and conlent of accounts sel ovl in the Ch8rilies IAccounls and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fairf view which is not a maller considered as part of an indeF)endenl examination. I have no concerns and have come across no other mallers In connection wtlh the examination lo which allenlion should be drawn in this report in ordeT lo enable a proper undérstanding of the accolsnls lo be reached. This report is made solely lo the charitls Tnjslees, as a body, in accordance with Part 4 of the Chgrilies {Accounls and Reports) Regulations 2008. My work has been undertaken so that I might slate to the charitys Trustees those mattors l am requlred lo slate lo them in an Independenl Examinerfs Report and for no other purpose. To the fullest extenl permilled by law. I do not accept or assume responsibility lo anyone other than the charlly and the chaiily's Truste•s as a body, for mywork or for this ieport. Signed.. Philip Vipond Bll¢k Rothenberg Audit LLP Chartered Accounlanls 18 Greal Queen Street Covenl Garden London WC2B SAH Dated: 10 February 2022 FCA Page 4 The Boodle & Dunlhorne Charitable Trust STATEMENT OF FINANCIAL ACTIVITIES For the year ended S April 2021 Uniestrlctèd funds 2021 Total fui)ds 2021 Tolsjl fui?ds 2020 Note Income from: Donations and legacies Investments 100,000 19,640 100,000 19,640 281,000 21,706 Total income Expenditure on.. Charitable activities 119,640 119,640 302, 706 281,001 281,001 191,307 Total expenditure 281,001 281,004 19f,307 Nel gainslllossesl on investments 277,420 277.420 f139,399) Net movement in funds Reconciliation of funds.. Total funds brought forward Nel movement in funds 116,059 116,059 {28,OOOJ 1,084,917 118,059 1,084,917 116,059 1.112,917 (28,(X)OJ Total funds Carri￿ forward 1.200,976 1.200,976 1.084.917 The noles on pages 810 15 form part of these Iinancial statements. Page 5 ## The Boodle & Dunthorne Charitable Trust |**Fixed assets**
Investments
**Current assets**
Cash at bank and in hand
**Net assets**
**Charity funds**
Unrestricted funds
**Total funds**
**BALANCE SHEET**
**As at 5 April 2021**
**Note**
7
8|**2021**
£
**1,182,485**
**18,491**
**1,200,976**
**1,200,976**
**1,200,976**|2020
£
_913,496_
_171,421_
_1,084,917_
_1,084,917_
_1,084,917_| |---|---|---| The financial statements were approved and authori ed for issue by the Trustees and signed on their behalf by: **N A Wainwright** Trustee Date: 9 February 2022 The notes on pages 8 to 15 form part of these financial statements. Page 6 The Boodle & Dullthoriie Charitable Trust STATEMENT OF CASH FLOWS For the year ended 5 April 2021 2021 2020 Cash flows from operatÈng activities Nel cash used in ope¥aling activrties 181,001} 89,693 Cash flows Irom investing activities Intèrest recewed Proceeds from sale of investments Purchase of investment 19,640 21,706 231,886 Y39.934 1223,4551 1206,039J Nèt cash provided byllused inl investing a¢tivltles 28,071 144,3991 Cash flows from financing activitiès Net cash provlded by financing activities Change in cash and cash equivalents in the year Cash and cash equivalents al the beginning of the year IIS2.9301 171.421 45.294 126, 127 Cash and cash èquivalents at the end of the year 18,491 171,421 The notes on pages 8 10 15 form part of these financial slalemenis Page 7 The Boodle & Dunthorne Charitable Trust NOTES TO THE FINANCIAL STATEMENTS For the year ended 5 April 2021 AcGOUllting policles 1.1 Basis of preparation of finaiicial statements The financial stslemenls have been prepared in acoordance with the Charilies SORP IFRS 1021 Isecond edition October 2019) Accounting and Reporting by Charities-. Slalem8nl of Recommended Pra¢li¢e applicabl& lo chsrilies pr6paring their accounts in accordance with the Financial Reporting Standard applicable in the UK and RepubliG of Ireland {FRS 1021 leffeclive 1 January 20791, the FinanGial Reporting Standard applicable in thg. UK and Repiiblic c)f Ireland {FRS 102) and the Charities Act 2011. The Boodle & Dunlhorne ChaTitable Trust meets the definition of a public benefit enlily under FRS 102. Assets and liabilities are initially recognised 91 historical cost or transaction value unless otherwise slated in the relévant accounting policy. 1.2 Fund Accounting General funds are unrestricted funds which are available for use at the dis¢relion of the Trustees in furtherance of the general objectives of the charity and which have not beèn designated for other purposes. Investment in¢om8, gains and losses are allocated lo the appropriate fund. 1.3 Expenditure Expenditure is recognised once there is a legal or ¢onslruclive obligation to transfer economi¢ ben&fil lo a third party, il is probable that a transfer of economic benefits will be required in settlernent and the amount of the obligation can be measured reliably. Expendilvre is ¢lassified by aclivily. The costs of each activity are made up of the total of direct costs and sharèd costs, including support costs involved in undertaking each activity. Direct costs allributable lo a single 3clivily are allocated directly lo that aclivily. Shared costs which ¢ontribute lo more than one activity and support Gosls which are not allribulable lo a single activity a¥e apportioned belween those activities on a basis consistent with the use of resources. Central staff cos15 are allocated on the b2sis of lime spent, and depreoialion Charges allocated on the portion of the asset's use. Charitable activities and Governance costs are costs inCu￿ed on the charitls education81 oparations, including support costs and costs relating lo thè governance of the charity apportioned lo charitsble activities. 1.4 Investments Fixed asset investments are a form of financial illslrumenl and are inilialty recognised at their Iransaclion cost and subsequently measured at fair value at thè Balance Sheet dale, unless the value cannot be measured reliably in which case il is measuTed al cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as 'GainsllLosses} on inve51ments' in the Statement of Financial Acliwties. 1.5 Income All income is recognised once the charity has enlillemerst lo the income, il is probable that the income will be received and the amount of income re¢eiwable can be measured reliably. Income lax I'ecoverable in relation lo investment incomé is récognised al the lime the investment income Is receivable. Page 8 The Boodle & Dunthorne Charitable Trust NOTES TO THE FINANCIAL STATEMENTS For the year ended 5 April 2021 Accounting policiès Icontinuedl 1.6 Flnancial inst*uments The Trust only trades in basiG financial instruments. Ils nel current assèt position is a reasonable measure of its IiqLJidity al any given timè, All trade and other debtors are illilially recognised al transaction value, as none contain in substance financing Iransaclion. Thereafter trade and other debtors aré reviewed for impairment where there is objective evidence based on obgèrvable data that the balance may be impaired. ND collateral is held against trade and other receivables so the exposure to credit risk is the nel balance of trade and other debtors after allowance for impaiimenl. The Trust's cash holdings comprisè on demand balances only. All Gash is held with banks strong external credit ratings. Trade and other creditors and accruals are initially recognised at transaction value as none represent a financing Iransaclion. They are only derecognise(J when they are extinguished. As the Trust on has short term receivables and payables, ils net current asset position is 2 reasonable Measure of its Iliquidily al any given lime, although the nature of the inveslrnenl portfolio means this can be liquidated al short notice under normal market cond¢tions. 1.7 Independent Examlner's Fees Independent Examiner's fees are borne by Boodle & Dunlhorne Limileé, a company in which the Trustees ate Directors. Page 9 The Boodle & Dunlhorne Charitable Trust NOTES TO THE FINANCIAL STATEMENTS For the year ended 5 April 2021 Investment income Unrestricted funds 2021 Totsl funds 2021 lllcome income- local lisled investments 19,640 19.640 Unreslricled funds 2020 Total funds 2020 Income from local listed investments 21,706 21,706 Income from donations and legacles Unrestricted funds 2021 Total funds 2021 Capital inlrodu¢ed- donations received 100,000 loo.000 Unr8slricl(4d funds 2020 Total fur￿8 2020 Capital introduced- donations received 281,000 281.000 Page 10 The Booille & Dunthorne Charitable Trust NOTES TO THE FINANCIAL STATEMENTS For the year onded 5 April 2021 List of institutional grants payable 2021 2020 Material grants to institutions Shining Faces in India Hope and Homes for Children NSPCC 75,000 20,000 30,000 25.000 55,000 18,000 30,(XX) Rainbow Trust The Message Trust Street Child ICanlAm Marina Dalghlish Appeal Brighter FLJlures Ltd Halow Project Royal Opera House Foundation Other Grants lo institutions 14,400 10,000 10.000 19,032 12,500 10,000 20,000 33.000 8,749 268.000 178,681 Other resources expended 2021 2020 Unrestricted Funds Management and adminislralion 13,001 12,626 Staff Costs The charity has no employees other than the Trustees. who did not re¢eive 8ny remuneration 12020- £NILI. Page11 The Boodle & Dunthorne Charitable Trust NOTES TO THE FINANCIAL STATEMENTS For the year ended 5 April 2021 Fixed asset investments Other Investments Cost or valuation Al 6 April 2020 Additions Disposals Revaluations 1,327,018 221,512 1159,2821 1206.7631 At 5 April 2021 1,182,485 Net book value At S April 2021 1.182,485 Al 5 Apnl 2020 1,327.018 All investments are listed on a recognisèd stock exchange or held in common investment funds, open ended investment companies, unil trusts or other collective investment schemes. Matèrial Inv8stments No individual holding comprises more than IOOA of the lolal value of the portfolio. Page 12 The Boodlè & Dunthorne Charitable Trust NOTES TO THE FINANCIAL STATEMENTS For the year ended 5 April 2021 Statement of funds Statement of funds - currènt year Balance at 6 April 2020 Gainsl Balar)ce at 5 (Losses) April 2021 Income Expendlture Unrestricted funds General Funds- all funds 1.084.917 119,640 {281,001 277,420 1,200.976 Statemènt of funds - prior year Balance 81 6 Aprll 2019 Gains/ Balance al ILossasJ 5 April 2020 Income Expenditure Unrestrlcted funds General Funds- all funds 1,172,917 302, 706 (191.307) f139,399J t,084,9t7 Page13 The Boodle & Dunthorne Charitable Trust NOTES TO THE FINANCIAL STATEnAENTS For the year ended 5 April 2021 Analysis of net assets bètwèèn funds Analysis of net assets between funds . ttuyrent yèar Ui)restrlcted funds 2021 Total funds 2021 Fixed asset investments Current assets 1,182,485 18,491 1,182,485 18.491 Total 1,200,976 1,200,976 Analysis of net assets bètween funds - prior year Unreslricled funds 2020 Tolal funos 2020 Fixed asset investments Curfenl assels Q13,496 171,421 913,496 171,421 Total 1,084,917 t.084,917 Page 14 The Boodlè & Dunthorne Charitable Trust NOTES TO THE FINANCIAL STATEMENTS For the year ended 5 April 2021 io. Reconciliation of net movement In funds to net cash flow from operatlng actSvltles 2021 2020 Nel incomelexpendilure for the year {as per St8temenl of Financial Acliviliesl 116.059 128,000) Inpome from fixed asset invèstments (Gains) and losses on reva14Jalions of investment assets 119,6401 1277,4201 (21, 706) 139.399 Net cash provlded byllused Inl operating activities 1181,0011 89.693 11. Analysis of cash and cash equlvalents 2021 2020 Cash al bank and in hand 18.491 171,421 Total cash and cash equivalents 18.491 171,421 12. Analysis of changes in net debt At 6 April 2020 Cash flows At 5 April 2021 Ca8h at b8nk and in hand 171,421 1152.930) 18,491 13. Related party transactions Volunt8ry income of £100,000 12020.. £281.0001 was received from B£x)dle & Dunlhorne Limited, a company in which the Trustees are Directors. Page15