2022-04-05-accounts

Charily Iiumber.. 107774B THE BOODLE & DUNTHORNE CHARITABLE TRUST TRUSTEES, REPORT AND FINANCIAL STATEMENTS 5 APRIL 2022

'rHE UOODLE & OUNTHORNE CHARITABLE TRUST CONTENTS Page Reference and admiiiistrative details of the cliarlly, Ils Trijstees and advisers Trustoes. report Iiidepcndoiit aliilitor's rpport on the flnanclal statements Statemoiil of fli)ancial activities Balance sheet 10 Statemenl of cash flows 11 Notes to the financial statements 12-20

THE BOODLE & DUNTHORNE CHARITABLE I'RUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2022 Trustees N A Wainwright M J Wainwright E Waiiiwiighl lappoinled 17 June 20221 J Amos (appointed 11 July 20221 J Wainwi"Ighl {appoinled 11 July 20221 CharSty reglstered umbor 1077748 Principal office Boodles House 35 Lord Street Liverpool L2 9SQ Independent auditor Blick Rolhenberg Audil LLP Chartered Accounlanls 16 Great Queen Street Covont Gatdon London WC2B SAH Bankers Barclays Bank PIC Liverpool Business Centre Livery)ool Page 1

THE BOODLE & DUNTfrIORNE CklARITABLE I'RUST TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2022 The Trustees present their annual report together with Ihe audiled financial sfalemenls of the chanty lor the year 6 A wil 2021 10 5 Apiil 2022. structure, governance and management a. Constitution The Twst was established by selllement dated 4 Augusl 1999. The principal thjedive of Ilie charity is lo Inake giants for charitable purposes. The Trust is an unin¢orpora18d charily registered with the Charities Commission undei number 1077748. There have been m changes in the cbjectives since the last annual report. b. Methods of appolntmeiit or èl&ctlon of Trustees The management of the charity is the responsibility of the Trustees who ale elected and C(￿pIed under the terms ol the Trust deed. The exi81ing Trustees have the power to appoint new Trustees as considered nccessary. c. Organisatlonal structure and declslon-maklng pollcles The Trustees meet regularly lo agree funding policy, monitor income and expenditure arKI albcate funds. d. Policies adopted for the inductlon and tralnlng of Trustees New trustee appointments must be proposed and agreed by current trustees. . Pay policy for key management petsonnel Management personnel provide their serwces free of charge. f. Related party relationships The Trustees are also Directors of B(y)dle & Dunlhorne limited, a company that has made voluntary donations durir¥J the year. Details of donations from the company are included in the notes to the financial stalemenls. g. Flnancial risk rnanagernent The Trustees have assessed the major risks lo which the charity is exwsed, in particular those related to the operations and finances of the charity, and are salisliod that systems and procedures are in place to mil￿ate exposure lo the major risks, Plans for ftstur& periods The Trustees intènd to continuè lo provid8 the funding for charitable Gauses for the fLYeS￿bIe luture in line wth the principal ok¥'ective ol the Trust. Page 2

THE BOODLE & DUNTHORNE CFIARITABLC TRUST TRUSTEES, REPORT ICONTINUEOI FOR THE YEAR ENDEO 5 APRIL 2022 Objectiv8s and activities a. Policies and objective5 In setting objedives and planning for aclMl*s. the Truslees have given due consideration lo general guidance published by the Charily C(ynm1ss￿n relating lo publ￿ benefit, induding the guidance 'Public benelil.. running a charity IPB21'. The objective of the Trusl. as slated in the selllemenl deed. is lo identify and provide funding lo charitable causes within the Untted Kingdom. b. Activities undertaken to achieve objectlves During the year the Trust has made gran15 to a number of charitable organisalions wilhin the Unilttd Kingdom. All aclivrties undertaken have been done so in support ol the Trust's principal objectives. c. Grant-making policlas The Trustees have discfellon over where and when grants made. Grants wll be made by the Trustees as and when théy identify a suitable and deservlng cause. d. Volunteers The foundation relies on the conlTibution of its Trustees who prowde their servvs free of charge. Achlevemènts and performance a. Revlew of activities The Twslees are pleased to report thai finandal support has been provided lo variou5 deserving charitable causes during the year as morc fully dclailcd in the note5 to these financial slalements. Investments income and donations rewgnised for the year amounted to £1.519,39012021.. £119,640). b. Fundraising activities and income generatlon The Trustees do not fundraise. The income is derlved from ils investments and by donations received from Boodle and Dunthome Limited. c. Investment policy and perfomiancè The Trustee5 have appointed and given diSCTelion lo Inveslec for thc day-tTrday management of the investments held by the Trust. Investments are made in accordanco with the directions of the Trustees, who control the overall nature of the investment portfolio and who are rosponsible for the overall financial contrd of Ihe Trust. The Trustee's inveslmenl policy is lo seek lo enhance the capital value of the portfolio so that in the long lemi the income and future capital gains will be sufficient lo meet the expenditure requirernen15 of the Trust. DuTing the year under rewew. investments perfomied favoUra1￿Y. Page 3

THE BOODLE & DUNTHORNE CHARITABLE TRUST TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 5 APRIL 2022 Financial revlew Going concern Aller making appropriale enquiTies. the Trustees have a r88sonable expectation that the ¢harity ha5 adequate resources to continue in operational existence lor the foreseeable fulure. For this rcason, they Gonlinue lo adopt the going concem basis in preparing Ihe linar)c¢al slalem8nls. Further details r8garding the adoption of the 901119 concém basis b8 found in the accounting policies. b. Reserves pollcy 11 is the policy of the Trusl lo maintain unreslricled funds, which are the free reserves al a level which is sufficient lo cover grant Making and management and administration costs and which allows the Trust lo be managed efficiently. The linancl81 slatemenls show Ihal unrestricl&J funds al the Year￿nd Idalled £2.343.107 {2021.' £1.200,976). c. Financial risk managemont oblectivtss and policlos The Trustees have a88essed the major risks lo which the charity is exposed. In particular those related lo the operations and finances of the charty. and are satisfied that systems and procedure5 are in place lo mlligale exposure to the major risks. d. Principal fundlng The Trust is principally fund￿ by donation$ le￿ived from B(xidle and Dunlhome Limited and income derivad from rts inveslmenls. Statement of Trnstees. responslblllties The Trustees are responsible for preparing the Trustees, Report and the financial 81alemenls in a(tordance with applicable law and United Klngdom Accounting Standards (United Kingdom Generally Accepted A¢couniing Pra¢ti¢el. The law appliGable lo charities in England & Wales requires the Trustees lo prèpare financial slalemenls lor each financial year which give a tiue and fail view of th& slate of affairs of the charity and of ils incoming resour￿S and application ol resources. including rts income and expenditure. lor th81 period. In preparing these financial statements. the Trustees are required lo.. select su118b￿ accounting polic￿S and then apply thèm Gonslslenlly,, observe the methods and principles of the Charilies SORP IFRS 1021,. make judgments and accounting eslimales that are reasonable and piudenl., slalo whether applicable UK Accounting Standards IFRS 1021 have been lollowed, subje¢l to any material depertures disclosed and explained in the fi'nancial slalements". prepare the financial slalements on the going concwn basis unth il is inappropriale to prèsume that the charity will continue in business. The TrLtstees are responsrble for keeping ad￿uate accounting records that are Sufficient lo sFK)w and explain the charitls transactions and disclose with reasonable accurdcy at any time the linandal position of the charity d enable them lo ensure Ihal the financial stal*menls comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust dèed. They are 8lso responsible for safeguarding the assets of the charrty and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 4

THE BOODLE & DUNTHORNE CHARITABLE TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022

Disclosure of information to auditor

• Each of the persons who are Trustees at the time when this Trustees' Report is approved has confirmed that:

• so far as that Trustee is aware, there is no relevant audit information of which the charity's auditor is unaware, and

• that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charity's auditor is aware of that information.

Auditor

The auditor, Blick Rothenberg Audit LLP, has indicated his willingness to continue in office. The designated Trustees will propose a motion reappointing the auditor at a meeting of the Trustees.

Approved by order of the members of th � .i, V\J �., N A Wainwright Trustee Date: 7 February 2023

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THE BOODLE & DUNTHORNE CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMEIERS OF THE BOODLE & DUNTHORNE CHARITABLE TRUST Opinion Wo have ciudited Ihe financi21 slalemenls of Tho Boodle & Diinlhorne Charf(able Trust Ilhe'charity'l for the yea ended 5 Api'il 2022 which coinprise the Statement of Firitaiicial Adivities. the Balance Sheet, the Statement of Cush Flows and the ielaled notes, inclijding a summary of significant accounting polic￿$. The financial reporting framework Ihal has been applied In Iheii preparation is appl￿ble law and Unrted Kingdom Accounting È>landards. including Financial Reporting Standard 10?. 'The Financkil Reporting Standard applicab￿ in the UK and Republic of IrelaThf (Llniled Kingdom Generally Accepted Accounting Praclicel- The financial statements have been prepared in accoTdance with Accounting and Rèporting by Charities preparing their accounts in aG¢ordance wilh the Financial Reporting Standards applicable in the UK and RepublK of Ireland (FR.% 102) in preference lo the Accountin9 and Reporting by Chaiilies.. Slalemenl ol Recommended Pra¢tsce issued on 1 April 2005 which 15 referred lo in Ihe extant regulations bul has been willidrawn. This has been done in order lor the accounts lo provide a true and fair view in accordance with the General Accepted Accounting Practice effeclive for reportino periods beginning on or after 1 Jaiiuary 2015. In our opinion the financial stalemenls.. give 8 true and fair view of the Slate ot the charills affairs as al 5 April 2022 and of ils incoming ￿SourceS and application of resources lor thè yè8r Ihen ended., have been propedy prepared in a¢ccwdanc8 with United Kingdom Generalty Accepled Accounting Praclice., and hav8 been prepared in accordance with th8 requirements of the Charities Act 2011. 8asls tor opinion Wc conducted our audit In accordance with Inlernalion81 Slandards on Auditi"ng (UK) {ISAs (UKII and aFplicable law. Our responsibilities under those standards are lurther described in Ihe Audrtorfs responsibilrtics for the audit of the financial slalements sectk)n of rew)rt. We are independent of the charity in accordancg. With the ethical requirèrnÈnls that are relevant to our audil of the financial slatements in the Uniled Kingdom, including the Financial Re.porting Counol's EthTcal SlarKlard. and wè have fulfilled our other elhlcal responsibilities in accordance with these requirements. We I*l￿ve that the audit evidence WÈ have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relating to going concern In auditing the financial statements. we have concludèd that the Trustees. use of the going concem basis ol acojunling in the preparation of the financial s181gmonls is appropriatè. Based on the work we have performed, we have nol identified any material uncertainties retaling lo evenl8 conditions that, individually or colleclively, may ca81 signlficanl doubl on the Gharills ability lo continue as a going concom for a period of al least twelve months from whon the financial stalemenls are auihorised for issue. Our responsibilities and the resKKinsibililies of the Trustees wilh respecl lo going concern are described in the relevant sections of this report. Othor Informalioii The ulhe.I' infomalion comprrses the information included in the Annual Rewrt other than the financial stalcmenls and our Auditorfs Report thereon. The Trustees are responsible for the other infomialKJn wnlained wilhin the Annual Re￿rt. Our opinion on the financial statements does not cover the other infoTmation and, except lo thè extent otherwise explicitly staled in our rgport, we do t￿t express any fonn of assurance conclusion theroon. Our responsibility is to read Ihe other inf0miat1￿ and, in doing so, Consider whether tho other infomialion is malerialfy irKonslStent wtth the finana81 slalemenls or our knowle￿e obtained in the course of th8 Budit, or olherwse appears to be malerialty misslaled. If we idcnlity such material inconsistencies or appare.nt malprial misbtalements. we are required to determine whelhei this gives rise lo a material mibslalemenl in the finanual stalemènls 1￿MSelVes. If, based on the work wè have performed, we concludg th81 there is a n)alerial misslalemenl of this other information. we are r4uirod lo r&port that fact. We have noihing Io TeFK)rt in Ihis regard. Page 6

THE BOODLE & DUNTHORNE CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE BOODLE & DUNTHORNE GHARITABLE TRUST ICONTINUEDI Matters on whlch we are requlred to report by exception We have nothing lo report in r8specI of the following malleis where the Charities (Accounts and Reports) Regulations 2006 requires us to report to YOLJ if. In our opinioi).. tho informalioii given In the Truslees, Report is inconsislenl in any material respect with the financial slatè.mgntq', or suftIGienl aGGounling records have not been kept., or the financial slalemenls are not in agreement with the accounting records and returns", or we have not received 211 the information and exp12n21ions w6 requir8 for our audit. Responsibilities of trustees As explained more fully in the Trustées, Rèsponsibilities Slalemenl, the Trustees are respor)sible for Ihe preparation of the financial statements which give a true and fair view, and for s(Jth internal control as the Trustees determine is necessary lo enable the preparation of financial statements that are free from rnalerial misslalemenl, whether due to fraud or error. In preparing the financial statements. the Trustees are responsible for assessing the charity's ability lo continue as a going conr&m, disclosing. as Appltcsblè, mAttgrs related lo going concern and using the going concern basis of accounting unlcss tho TruSt￿S erf(her intend lo liquidate the chartty or lo cease operations, or have no realistic allernalive bul to do so. Auditor's responslb511ties for the audit of the flnanclal statements We have b68n appointed as audilor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having eflecl Ihereunder. Our objectives arè to obtain reasonable assursnce about whether the financial stalemenls as a whole are free from material misslalernenl, whether due lo fraud or error, and lo issue an Auditor's Rèport that includes our opinion. Reasonable assurance Is a high level of assurance, bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always deled a material misstatement whÈn il Èxists. Misslalemenls can arise from fraud or error and are considered malerial if, indtvidually or in the aggrogalc. Ihcy could reasonably be expected lo influence Ilie eGononiiG decisions of users taken on the basis of these financial slatEments. Irrcgularilies, including fraud, aro instan￿S of non-compliance with laws and regijlations. We design propgdures in line with our responsibilities, outlined above, lo delecl material misslalemenls in rcspect ol irrogulaTilies. including fraud. The extent lo which our procedures are capable of deleGting irregulaTilies, including fraud is detailed below.. We identify and assess the risks of m8leiial misstalemenl of the financial slatemenls, whether due lo fraud or no error, and then design and perform audit proceduies responsive to Ihose risks, including obtaining audil eviden￿ that is suffi'cient and appropriate lo provide a basis for our opinion. In identifying and assessing risks ol malÈrial misslalement in respect of irregularities, including fraud, and noncompliance with laws and regulations. our procodures included the following.. enquiring of management concerning the charills policies with regards identifying, evaluating and complying with laws and rogulalions and whether tliey were aware of any instar)ces ol non-complian￿,. enquiring of management concerning the charity's rK>licies detectinq and responding lo the risks of fraud and whether they have knowledge of any actual, suspected or allegEd fraud," enquiring of management conceming the charity's policies in relation lo Ihe intèrnsl controls esl8blished lo miligale risks relAted lo fraud or non-compliance with laws and regulations., discussing among the engagement team where fraud might occur in the financial slalements and any tx)lenlial indicators of fraud,. and thtaining an tjnderslanding of the I￿al and r8gulalory framework that the charity operates in and focusing on those laws and regulations that had a direct effeGI on the financial statements or that had a fundamental effect on the operations of the charitable company. The key taws and regulation5 we considered in this Gonlext included the Charities Act 2011 and applicable tax legislation. One particular focus area was the risk of fraud through management override of controls. Our procedures lo respond to risks identified included the fotlowing.. perfonning an8lytical procedures lo identify any unusual or ullexpecl￿ relationships that 17iay indicate risks of material misslalemenl due lo fraud. reillewing the bank slalemenls ol the charity for evidence of any large or unusual activity which may be indicalivE of fiaud," enquiring Page 7

THE BOODLE & DUNTHORNE CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE BOODLE & DUNTHORNE CHARITABLE TRUST ICONTINUEDI of management in I'elalion lo any potential liligalion and clalms., and lesling th8 approprialeness of journ81 entries and ollier adjustment5. Another focus area was non-compli8nce with ihe rules of the Charily Commission. The aharily wa5 aLilhorised and regulated by the Charrfy Commission IhroughDul the period. Oui. procedLJres to r&spond lo iisks identified induded Ihe fol1Th￿Inq'. reviewing correspondence belwcen the charity aiid tha Charity Commission,. and discussion of Fegulalory mallers with the appointed officers of the charity. Th8rc are inherent limitations in our audit procedures described alx)ve. The more removed thal laws and regulations are from financial transactions. the les8 likely it is that we would ￿coMe awaTC of non-compliance. Audiit"ng standards a19) limit the audit procedures required lo idenlfy noncomplian¢e with laws and regulations lo enquiry of the directors and other management and the inspection of regulatory and leg81 correspondence, rf any. Malcri81 missl<ilemenls that arise due lo fr8ud c2n be harder lo delect than those th81 arise from error as Ihey may involve deliberale con￿alMent or collusion. A ftjrther de￿aptIOn of our responsibilrties for the audit of the financial slalemenls is located on the Financial ReFX)rting Council's website al.. www.frc. .uklaudilorsres Dnsibililies. This descripllon forms part of our Audilor's Report. other matters The financial s18temenls of the chartty for the year ended 5 April 2021 were not subject lo an audit and. accordingly. the corresponding figures in these financial slalements are unaudited. Use of our report This report is made sol8ly lo the chorills trustees, as a body, in accord8nce with Part 4 of thE Chariltes (Accounts and Report¥l Regulat¥)ns 2008. Our audit work h8S ￿￿en undertaken so Ihal we might st818 lo the charill5 Iruslees those mallers we are rcquired to blale lo them in an Audilor's Report and for no olhcr purpose. To the fullest extenl permillod by law, we do nd ￿p1 or assume resFY)nsibility lo anyone other than the charity and ils Iruslees. as a Ixjdy, for our audit work, this report, or for the opinions we have formed. 71,"1 £.L.L Aa.k LLP Blick Rothenberg Audlt LLP Chartere<J Accountants Slaluw Audilor 16 Great Queen Street Coveiil Garden London WC2B SAH Dale." 13 February 2023 Bllck Rolhenberg Audit LLP ar8 eligible lo act as auditors in le¥ms of section 1212 of the Companies Act 2006. Page 8

THE BOODLE & DUNTHORNE CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2022 Unreslrlcted funds 2022 Total funds 2022 Total 2021 Note Incoine from: Donations and legacies Investments 1.500,000 19,390 1.500.000 19,390 100,0 19,640 Total Incom8 1,519,390 1,519,390 119,640 Expenditure on.. Charitable activities 399,609 399,609 281.001 Total expenditur 399.609 399.609 281,001 Nel gains on inveslments 22,3SO 22.350 277.420 Net movement in funds 1.142,131 1,142,131 116,059 R&conciliation of funds- Total funds brought forward Nel movement in funds 1.200,976 1,142,131 1,200,976 1,142,131 1.084.917 116,059 Total funds carried forward 2,343,107 2,343,407 1, 200,976 The notes on pages 12 10 20 form part of these financial slalemenls. Page 9

THE BOOOLE & DUNTHORNE CHARITABLE TRUST BALANCE SHEET AS AT 5 APRIL 2022 2022 2021 Not Fixed assels Inveslments Currellt assets 10 1.152,541 1, 182,485 Cash al bank and in hand 1,190,566 14491 Net assets 2,343,107 t.%)0.976 Charity funds Unrestrrled funds 11 2.343,107 t,200,976 Total funds 2,343,107 1,200,976 The financial slalemenls were approved and aulhorised for issu stees and signed OM their b alfb N A Wainwright Trustee Dale.. 7 February 2023 MJW Tfusl nwright The notes on pwjes 1210 20 fomi part of these financi81 slatemenlL' P3Je 10

THE BOODLE & DUNTHORNE CHARITABLE TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 5 APRIL 2022 2022 2021 Cash flows froin operallng aGtlvltles Nel cash used iii operating activities 1,100.391 (181,001) Cash from Invesilng activities Interest receNed Proceed5 from sale of inveslmenls Purchase of inveslmenl 19,390 215,314 {163,0201 19,640 231,886 (223,455) Net ¢ash provided by Investiiig activitles 71,684 28,071 Cash flows from financlng activltles Net cash provided by financing activities Change in cash and cash equivalents In the year Cash and cash equivalent8 Al the beginning of the year 1.172.075 {152.930) 171,421 18.491 Cash and cash equlvalanls at the end of the year 1,190,566 18,491 The notes on pages 1210 20 form part of Ihese financial slalements Page 11

THE BOODLE & DUNTHORNE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENL)ED 5 APRIL 2022 General informatlon The Trust was established by seiilemenl dated 4 August 1999. The principal objeclive of the charily is t make grants for charitable purKx)ses. The Trust is an unin¢orpor8led ¢harity registered wlh the Charities Commission under number 1077748. Accounting policies 2.1 Basis of prepardtlon of flnanclal stateinents The financial slalemenls Iiave been prepared In accordance with the Charities SORV IFRS 1021 {Se￿nd ￿lItIon Oclober 20191 Accaiinlino and Reporting by Charities.. Slatem8nl of Recommended Praclice applicablo lo charities preparinq their accounts in accardancc with the Financial Reportinq Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191. the Financlal Rppoitinq Sl(Indard applicahle in the UK and Republic of Irel(Ind IFRS 1021 and the Charities Act 2011. The Boodle & Dunthurne Charitable Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initlally recognised al hislorieal tosl or transaction value un￿S otherwisè slatèd in the relevant accounting policy. 2.2 Fund Accounting General funds are UnreStr￿ted funds which are available for use al the discretion af the Tru51ees in furtherance of the general ohjÈctives of the chafily and whid) have not been designated for other purposes. Investment income. gains and losses are allocated lo the appropriate fund_ 2.3 Expenditure Exp￿ditUre is Tecognised On￿ there is a legal or constructive obligation lo Irdnsfer economic benefit lo a third party, il is probable that a transfer ol econamic benefits will be required in selllem8nt and the amounl of the obligalion can be measurod roliably. Expenditure is cl8ssifiÈd by activily. The costs of ea¢h aclwily are made up ol th8 tolal of direct costs and shared costs, including support costs involved in undertaking c￿h aclivily. Dirpcl cosls allribuldble lo a singlp. activity ar• allocated directly lo thal aGtiiqly. Shared c051s which contribute lo Nora than one actiiqly and support costs whicli are not allribulable to a single dclivily are dPPOrtioncd beiween those activities on 8 basis consislcnl with the use of resources. Central staff costs (ire alloc.ated on the basis of lime spent, (Ind depreciation charges allocated on the portion ol Ihp. asset's use. Expenditure on charrtahle aclivllies Is Incurred on directly undertaking the activities which further the charity's objectives, as well as any associated suppc)rt costs. Charitable activf(ies 3nd Governance costs are costs incurred on the ¢harily's eduG3tional operalions. including support costs and costs relating to the gov8mance of the Charty apportioned Io Gharitable aclivilies. Page 12

THE BOODLE & DUNTHORNE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 Accounllng policies (continuedl 2.4 Invèstm&nts Flxed asset investments are a form c)1 financial inslrumenl and are initially recognised at their transaction cost and subsequently mea.8111'ed al fair value al the Balance Sheet dale, unless the value c8nnot be measured Feliably in which casc Il is measured al cost less impairment. Investment gains and 1055es. whether realised or iinrealised, are combined and presenled as 'GainsllLossesl on inveslmenls, in the Slalemenl ol Financial Aclwilies. 2.5 Incomé All incomè 15 recognised once the charity has entitlement lo the inc(me, il is probable that the Income will be recaved and the amount IA income receivable can be measured reliably. In¢ome lax recoverable in relalion lo investment income is ￿00gniSed al the lime the Investment i￿ome is receivdble. 2.6 Flnanclal Instruments Tho Trust only trades in basic financial inslrumenls. Ils net current asset position IB a reasonable measure of ils liquidity at any given lime. All trade and other debtors aro initially iecognised al tranS￿l0n valuè. as none contain in subslan a financing transaction. Thereafter trade and other debtors are ￿￿oWed for impaim)enl where there is objective evidence based on observable data that the balance may be impaired. No collateral is hel¢J against trade and other receivables so the exposure lo credit risk is the nel balance of trade and other deblots after allowan￿ for impaimvil. The Trust's cash holdings comprise on dem8nd balances only. All cash is hald with banks strong extemal credit rating5. Trade and other creditors and accruals are IniliAlly rpcognised al transaction value as none represent a financing transaction. They are only derocognised when they are extinguished. As the Trust onty has shoTI term re￿iv8b1eS and pay8bl88, ils nel current asset position is a reasonab￿ measure of its Iliqiiiillly sl any given lime, although the nalure of the investment portf(Aio means this can be liquidated al 8hort notice under normal market conditions. 2.7 Indepandent Examlner's Fees Independent Examinerfs fees are bome ty Bc￿￿le & Dunlhorne knmi(d. a company in which the Trustees are Directors. Page 13

THE BOODLE & DUNTHORNE C14ARITABLC TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 Investment income Unrestricted funds 2022 Total fijiids 2022 Interest and dmdends receivable 19,390 19,390 UnFBslrACted fui?ds 2021 Total funds 202q InlèrÈst and dividends receivable 19.640 19,640 Income from donations aiid lega¢les Unrestrlcted funds 2022 Total funds 2022 tksnalt￿S 1,500,000 1,500.OCw) Unreslricted fvnds 2021 Total fui)ds 2021 Donations loo.000 100,000 Page 14

THE BOODLE & DUNTHORNE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 Analysls of grants Grants to Institutioiis 2022 Total fuiids 2022 Grgnls to institutions 385,700 385,700 Gisnls lo Total fui?ds 2021 2021 Grants lo inslitulion8 268,OCXI 268,000 The charity has made the followng material grants lo institutions durtng the year.. 2022 2021 Name of Instltution Aldérhey Chikren5 Hospital East Cheshire HoSp￿e Hope And H￿leS For Children ICanAndlArn Maggies Keswick Jencks Cancer Canng Cènlres Trust Newnat* Foundalton PCF Trusl Rainb¢M Trust Seashell Trust Shining Faces In India Slr&etchild NSPCC Th8 Message Tfust Royal Opera House Foundation 15,000 10,000 10,000 70,000 io.ijoo 15,000 10.000 25.750 10.000 70.000 110,000 20,000 10.000 25,OCO 75.OLk) 20,OCQ 355,750 235, LX)O Other grants to insblutions 29,950 33,000 385,700 268,OQO Page15

THE BOODLE & DUNTHORNE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 Analysis of expenditure on charltable actlvltles SumiTrary by fund type Unrestricted funds 2022 Total 2022 Charitable activibes 399,609 399,609 Unreslricled runds 2021 Total 2021 Charitable activities 281,001 281,001 Analysls of expènditure by activities Activlties undertaken directly 2022 Grant funding of activitias 2022 Total funds 2022 Charitsble aciivil 13.909 385,7 399,609 Activities undértaken diredty 2021 Grnnt funding of actNilies 2021 To181 funds 2021 Charitable activities 13.(X)I 268.￿ 28t,ooi Atsdttorfs remtsnèration Audilorfs fees a￿ borne by Boc4Jle & DLbnthorne Llmiled, a company in which Ihe Trustees artr Directors. Tho audilorfs remuneration amounts Io on Èudilor lee of £1,0001202f - £1,000). Page 16

THE BOODLE & DUNTHORNE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2022 Trustees, remunerjtion and expenses During the year, no Tru51ees received any remuneration or other benefits 12021 £NIL). During the year ended 5 April 2022. no Trustee expenses have been incurred12021- £NIL). 10. Fixèd asset investments othar Iiivèstmenls Valualion Al 6 April 2021 Additions Disposals Revaluations 1.182,485 163,020 1192,1361 1828) Al 5 April 2022 1.152,541 Nel book value Al 5 April 2022 1,152,541 Al 5 Apiyl 2021 1, 782,485 All investments are listed on a Iccognised stock 8xchange or held in common invèslmènl funds, open ended investment companies, unil trusts or other collective inv8slmÈnl schcmos. Materlal Investments No indiwdual holding compiises more (han 1 OOA ol tha total valu8 of the portfolio. Page 17

THE BOODLE & DUNTHORNE CHARITAEILE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 Slateinent of funds Statemeiit of funds current year r4alanco at 6 April 2021 Gains1 fjalaiice at 5 (Losses) April 2022 Income Expenditure Unrestricted funds Gen8ral Funds- all funds 1.200.976 1.519.390 {399,609 22,350 2,343,107 ststement offund5 - prlor year Balai?ce 81 6 April 2020 Gaii?s/ Bal8nc6 81 (Loss8s) 5 April 2021 Income Expendilu Unrestricted funds General Funds- all funds 1,084,917 I Ig,640 (281,001) 277.420 1,2CQ.976 12. Summary offunds Summary of funds - current year Balance at 6 Aprll 2021 Galnsl Balancè at S (Lossèsl Apyll 2022 Income Expendlture Genual funds 1,200,976 1,S19,390 1399,6091 22.350 2,343.107 Summary offunds- prior year 8alaiiGe &1 6 Apnl 2020 Gain Balance al (Losses) S ApTrl 2021 Incom& Expenditure General funds 1.084,917 119.640 (281.￿1) 277.420 I,2￿,916 Pagè 18

THE BOODLE & DUNTHORNE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 13. Analysis of net assets between funds Analysis of net assets belwaen fuiids currei)t year Uiirestricled fiinds 2022 Tolal funds 2022 Fixed asset investments CurTenl assets 1,152,541 1,190,566 1,152,541 1,190,566 Total 2,343,107 2,343,107 Analysis of net assets between funds . prfor yoar Unreslrictgd funds 2021 Total ILT￿S 2021 Flxed asset investments Current assets 1, 182.485 18.491 1. 182,485 18,497 Total 1,2(X),976 1,200,976 14. Reconclllation of net movement in fund$ to net cash flow from operating activltles 2022 2021 Nel income for the year (as pèr S121emenl of Financial Act5vIli￿) 1.142.131 116,059 AdJustments for: Incomp from fix8d asset investments IG8insl and losses on revaluations of investment assets 119,3901 (19.640) 122.3501 (277,420) Net cash provlded bylluS￿ in) operatlng actlvitles 1,100,391 (181,OOIJ Page 19

THE BOODLE & DUNTHORNE CHARITAEILE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2022 Analysis of cash and cash equivalents 2022 2021 Cash in hand 1.190,566 18,4g7 Total cash and cash equFvalents I.190,￿6 18,491 16. Analysis of changes in net debt At 6 April 2021 Cash flows At 5 April 2022 Gash al bank and in harxl 18,491 1,172,075 1,190.S66 18.491 1,172,075 1,190,566 17. Related party transactions Voluntary income of £1.500.￿0 12021. £100,OC#J} was rtteived from Boodle & Dunlhome Limi16d, a Company in whtch the Trustees are Directors. Page 20