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 **----- Start of picture text -----**
n their behalf
\A
\wt
**----- End of picture text -----**
Page 5 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