Charity number: 1077748 THE BOODLES CHARITABLE TRUST TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 ## THE BOODLES CHARITABLE TRUST ## CONTENTS ||Page| |---|---| |Reference and administrative details of the charity, its trustees and advisors|{| |Trustees’ report|2-5| |Independent auditors’ report on the financial statements|6-9| |Statement of financial activities|10| |Balance sheet|11| |Statement of cash flows|12| |Notestothefinancialstatements|13-22| ## THE BOODLES CHARITABLE TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED5 APRIL 2025 |Trustees|N A Wainwright| |---|---| ||M J Wainwright| ||E Wainwright| ||J Amos| ||J Wainwright| |Charity registered|| |number|1077748| |Principal office|Boodles House| ||35 Lord Street| ||Liverpool| ||L2 9SQ| |Independent auditors|Blick Rothenberg Audit LLP| ||Chartered Accountants| ||StatutoryAuditor| ||16 Great Queen Street| ||Covent Garden| ||London| ||WC2B 5AH| |Bankers|Barclays Bank Plc
Liverpool Business Centre| ||Liverpool| ne Page 1 THE BOODLES CHARITABLE TRUST TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2025 The Trustees present their annual report together with the audited financial statements of the Trust for the year 6 April 2024 to 5 April 2025, ## Structure, governance and management ## a. Constitution The Trust was established by settlement dated 4 August 1999. The principal objective of the Trust is to make grants for charitable purposes. The Trust is an unincorporated charity registered with the Charities Commission under number 1077748, There have been no changes in the objectives since the last annual report. ## b. Methods of appointment or election of trustees The management of the Trust is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed. The existing Trustees have the power to appoint new Trustees as considered necessary. The Trustees who served during the year and up to the date of signature of the financial statements were: - ¢ NA Wainwright - e MJ Wainwright ¢ E Wainwright e JAmos e J Wainwright The principal office of the Trust is Boodles House, 35 Lord Street, Liverpool, L2 9SQ. ## c. Organisational structure and decision-making policies The Trustees meet regularly to agree funding policy, monitor income and expenditure and allocate funds, ## d. Policies adopted for the induction and training of Trustees New Trustee appointments must be proposed and agreed by current Trustees. ## e. Pay policy for key management personnel Management personnel provide their services free of charge. ## f. Related party relationships The Trustees are also directors of Boodle & Dunthorne Limited, a company that has made voluntary donations during the year, Details of donations from the company are included in the notes to the financial statements. ## q. Financial risk management The Trustees have assessed the major risks to which the Trust is exposed, in particular those related to the operations and finances of the Trust, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks. ## Plans for future The Trustees intend to continue to provide the funding for charitable causes for the foreseeable future in line with the principal objective of the Trust. Page 2 TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 ## THE BOODLES CHARITABLE TRUST ## a ## Objectives and activities ## a. Policies and objectives In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance ‘Public benefit: running a charity (PB2)’. The objective of the Trust, as stated in the settlement deed, is to identify and provide funding to charitable causes within the United Kingdom. ## b. Activities undertaken to achieve objectives During the year the Trust has made grants to a number of charitable organisations within the United Kingdom. All activities undertaken have been done so in support of the Trust's principal objectives. ## c. Grant-making policies The Trustees have discretion over where and when grants made. Grants will be made by the Trustees as and when they identify a suitable and deserving cause. ## d. Volunteers The Trust relies on the contribution of its Trustees who provide their services free of charge. ## Achievements and performance ## a. Review of activites The Trustees are pleased to report that financial support has been provided to various deserving charitable causes during the year as more fully detailed in the notes to these financial statements. Investment income and donations recognised for the year amounted to £1,249,561 (2024: £1,297,454). Expenditure on charitable activities amount to £872,067 (2024: £1,005,027). ## b. Fundraising activities and income generation The Trustees do not fundraise. The income is derived from its investments and by donations received from Boodle & Dunthorne Limited. ## c. Investment policy and performance The Trustees have appointed and given discretion to Investec Wealth & Management (UK) for the day-to-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 and who are responsible for the overall financial control of the Trust. The Trustee's investment policy is to seek to enhance the capital value of the portfolio so that in the long term the income and future capital gains will be sufficient to meet the expenditure requirements of the Trust. During the year under review, investments performed favourably. ## Financial review ## a. Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the Trust has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. a Page 3 THE BOODLES CHARITABLE TRUST TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 ## b. Reserves policy It is the policy of the Trust to maintain unrestricted funds, which are free reserves at a level which is sufficient to cover grant making and management and administration costs and which allows the Trust to be managed efficiently. The financial statements show that unrestricted funds at the year-end totalled £5,165,220 (2024: £5,042,254), which equates to approximately five years of grant giving at current levels assuming a worse case scenario where no income is received. At 5 April 2025, unrestricted funds of £37,597 (2024: ENil) were held for the Indian Christian Mission Centre (ICMC). These funds are restricted and will be transferred to ICMC once it is again able to receive international donations under Indian regulations. Until then, the restricted balance will be held securely and not used for any other purpose. ## c. Financial risk management objectives and policies The Trustees have assessed the major risks to which the Trust is exposed, in particular those related to the operations and finances of the Trust, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks. ## d. Principal funding The Trust is principally funded by donations received from Boodle & Dunthorne Limited and income derived from its investments. Page 4 TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 eee eee eee ee THE BOODLES CHARITABLE TRUST ## Statement of Trustees’ responsibilities The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Trust and of its incomingT resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to: - ° select suitable accounting policies and then apply them consistently, © observe the methods and principles of the Charities SORP (FRS 102), e make judgments and accounting estimates that are reasonable and prudent; © state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements; - e prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Trust will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Trust's transactions and disclose with reasonable accuracy at any time the financial position of the Trust and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## Disclosure of information to auditor Each of the persons who are Trustees at the time when this Trustees’ report is approved has confirmed that: - e so far as that Trustee is aware, there is no relevant audit information of which the Trust's auditor is unaware, and - e 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 Trust's auditor is aware of that information. **----- Start of picture text -----**
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Approved by order of the members of the board of Trustees z| Ain their behalf by;/ ; | ( ~
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NN Page 5 ## THE BOODLES CHARITABLE TRUST TRUSTEES’ AUDITORS' AND THE MEMBERS OF THE BOODLES CHARITABLE TRUST ## FOR THE YEAR ENDED 5 APRIL 2025 ## Opinion We have audited the financial statements of The Boodles Charitable Trust (the 'Trust') for the year ended 5 April 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice). The financial statements have been prepared in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. This has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. In our opinion the financial statements: - ° give a true and fair view of the state of the Trust's affairs as at 5 April 2025 and of its incoming resources and application of resources for the year then ended; - ° have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - ° have been prepared in accordance with the requirements of the Charities Act 20141. ## Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Trust in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ## Conclusions relating to going concern In auditing the financial statements, we have concluded that the Trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Trust's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. Page 6 ## THE BOODLES CHARITABLE TRUST TRUSTEES'AUDITORS' AND THE MEMBERS OF THE BOODLES CHARITABLE TRUST (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 ## eCUU ## Other information The other information comprises the information included in the annual report other than the financial statements and our auditors' report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. ## Matters on which we are required to report by exception We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion: e the information given in the Trustees’ report is inconsistent in any material respect with the financial statements; or ® sufficient accounting records have not been kept; or ° the financial statements are not in agreement with the accounting records and returns; or ° we have not received all the information and explanations we require for our audit. ## Responsibilities of trustees As explained more fully in the trustees' responsibilities statement, the Trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. NO Page 7 THE BOODLES CHARITABLE TRUST TRUSTEES'AUDITORS' AND THE MEMBERS OF THE BOODLES CHARITABLE TRUST (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 ## Auditors’ responsibilities for the audit of the financial statements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors’ report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: - e the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; - ¢ we identified the laws and regulations applicable to the company through discussions with trustees and other management, and from our commercial knowledge and experience of the sector; - e we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Charities Act 2011; - e we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and - ¢ identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by: - making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and - e considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations, To address the risk of fraud through management bias and override of controls, we: - « performed analytical procedures to identify any unusual or unexpected relationships; tested a sample of journal entries to identify unusual transactions; - « assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and - e investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: - e agreeing financial statement disclosures to underlying supporting documentation; * reading the minutes of meetings of those charged with governance; - *® enquiring of management as to actual and potential litigation and claims. Page 8 TRUSTEES'AUDITORS' AND THE MEMBERS OF THE BOODLES CHARITABLE TRUST (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 ## THE BOODLES CHARITABLE TRUST There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.fre.org.uk/auditorsresponsibilities. This description forms part of our auditors' report. ## Use of our report This report is made solely to the Trust's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the Trust's Trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Trust and its Trustees, as a body, for our audit work, for this report, or for the opinions we have formed. ## Christopher Shepherd (senior statutory auditor) for and behalf of Blick Rothenberg Audit LLP Chartered Accountants 16 Great Queen Street Covent Garden London WC2B 5AH ## Date: Blick Rothenberg Audit LLP are eligible to act as auditors in terms of section 1212 of the Companies Act 2006. i Page 9 ## THE BOODLES CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025 |||Restricted|Unrestricted|Total|Total| |---|---|---|---|---|---| |||funds|funds|funds|funds| |||2025|2025|2025|2024| ||Note|£|£|£|£| |Income from:|||||| |Donations and legacies|3|37,597|1,084,700|1,122,297|4,200,000| |Investments|4|-|127,264|427,264|97,454| |Total income||37,597|4,211,964|1,249,561|1,297,454| |Expenditure on:|||||| |Charitable activities|5|-|872,067|872,067|1,005,027| |Total expenditure||-|872,067|872,067|1,005,027| |Net movement in funds before other|||||| |recognised gains/(losses)||37,597|339,897|377,494|292,427| |Other recognised gains/(losses):|||||| |Other (losses)/gains||-|(216,931)|(216,931)|371,885| |Net movement in funds||37,597|122,966|160,563|664,312| |Reconciliation of funds:|||||| |Total funds brought forward||~|5,042,254|5,042,254|4,377,942| |Net movement in funds||37,597|{22,966|160,563|664,312| |Totalfundscarriedforward||37,597|5,165,220|5,202,817|5,042,254| The statement of financial activities includes all gains and losses recognised in the year. The notes on pages 13 to 22 form part of these financial statements. Page 10 ## THE BOODLES CHARITABLE TRUST ## BALANCE SHEET FOR THE YEAR ENDED 5 APRIL 2025 |BALANCE SHEET
FOR THE YEAR ENDED 5 APRIL 2025|BALANCE SHEET
FOR THE YEAR ENDED 5 APRIL 2025|BALANCE SHEET
FOR THE YEAR ENDED 5 APRIL 2025|BALANCE SHEET
FOR THE YEAR ENDED 5 APRIL 2025|BALANCE SHEET
FOR THE YEAR ENDED 5 APRIL 2025|BALANCE SHEET
FOR THE YEAR ENDED 5 APRIL 2025| |---|---|---|---|---|---| |Ee|||||| ||||2025||2024| ||Note||£||£| |Fixed assets|||||| |Investments|10||5,018,898||4,832,506| ||||5,018,898||4,832,506| |Current assets|||||| |Debtors|11|82,500|||~| |Cash at bank and in hand||333,419||701,748|| |||415,919||701,748|| |Creditors: amounts falling due within one
year|12|(232,000)||(317,000)|| |Net current assets|||183,919||384,748| |Total assets less current liabilities|||5,202,817||5,217,254| |Creditors: amounts falling due after more
than oneyear|13||-
:||(175,000)| |Net assets excluding pension asset|||5,202,817||5,042,254| |Total net assets|||5,202,817||5,042,254| |Charity funds|||||| |Restricted funds|14||37,597||-| |Unrestricted funds|14||5,165,220||5,042,254| |Total funds|||5,202,817||5,042,254| |Thefinancial statementswere approved and authorised||forissue bythe Trusteesandsigned||signedon,theirbehalfby:|| |NAWainwright
Trustee||M J
Trust|Wainwright
e|\|a| |Date:||'e,|||| The financial statements were approved and authorised for issue bythe Trustees and signed on,their behalf by: The notes on pages 13 to 22 form part of these financial statements. i Page 11 ## THE BOODLES CHARITABLE TRUST ## STATEMENT OF CASH FLOWS FOR THE YEAR ENDED § APRIL 2025 **----- Start of picture text -----**
||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |2025|2024| |Note|£|£| |Cash|flows|from|operating|activities| |Net|cash|used|in|operating|activities|16|17,840|680,554| |Cash|flows|from|investing|activities| |Interest|received|127,264|97,454| |Proceeds|from|sale|of|investments|355,059|829,061| |Purchase|of|investments|(868,492)|(1,882,505)| |Net|cash|used|in|investing|activities|(386,169)|(955,990)| |Change|in|cash|and|cash|equivalents|in|the|year|(368,329)|(275,436)| |Cash|and|cash|equivalents|at|the|beginning|of the|year|701,748|977,184| |Cash|and|cash|equivalents|at|the|end|of the|year|18|333,419|701,748| |The|notes|on|pages|13|to|22|form|part|of these|financial|statements| **----- End of picture text -----**
Page 12 THE BOODLES CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 ## I ## 1. General information The Trust was established by settlement dated 4 August 1999. The principal objective of the Trust is to make grants for charitable purposes. The Trust is an unincorporated charity registered with the Charities Commission under number 1077748. The financial statements are presented in Sterling (£). ## 2. Accounting policies 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP (FRS 102} (second edition - October 2019) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The Boodles Charitable Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. ## 2.2 Going concern After making enquiries, the Trustees have a reasonable expectation that the Trust has adequate resources ta continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements. ## 2.3 Income All income is recognised once the Trust has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. Page 13 THE BOODLES CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 ## 2. Accounting policies (continued) ## 2.4 Fund accounting Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes. Restricted funds are subject to specific conditions by donors as to how they may be used. Investment income, gains and losses are allocated to the appropriate fund. ## 2.5 Expenditure Expenditure on charitable activities is incurred on directly undertaking the activities which further the Trust's objectives, as well as any associated support costs. Charitable activities and governance costs are costs incurred on the charity's educational operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities, - 2.6 Investments Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of Financial Activities. - 2.7 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## 2.8 Financial instruments The Trust only trades in basic financial instruments. Its net current asset position is a reasonable measure of its liquidity at any given time. Page 14 ## THE BOODLES CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 ettt ## 3. Income from donations and legacies **----- Start of picture text -----**
|||||| |---|---|---|---|---| |Restricted|Unrestricted|Total| |funds|funds|funds| |2025|2025|2025| |£|£|£| |Donations|37,597|1,084,700|1,122,297| |Unrestricted|Total| |funds|funds| |2024|2024| |£|£| |Donations|4,200,000|4,200,000| |4,|Investment|income| |Unrestricted|Total| |funds|funds| |2025|2025| |£|£| |Interest and|dividends|receivable|127,264|127,264| |Unrestricted|Total| |funds|funds| |2024|2024| |£|£| |interest and|dividends|receivable|97,454|97,454| **----- End of picture text -----**
neaNEE Page 15 ## THE BOODLES CHARITABLE TRUST ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED5 APRIL 2025 ## 5. Analysis of expenditure on charitable activities |||Unrestricted|| |---|---|---|---| |||funds|Total| |||2025|2025| |||£|£| |Charitable|activities|872,087|872,067| |||Unrestricted|| |||funds|Total| |||2024|2024| |||£|£| |Charitable|activities|1,005,027|1,005,027| 6. Analysis of expenditure by activities |||Direct and|Grant|| |---|---|---|---|---| |||governance _ funding of
costs
activities||Total
funds| |||2025|2025|2025| |||£|£|£| |Charitable|activites|50,351|821,716|872,067| |||Direct and|Grant|| |||governance|funding of|Total| |||costs|activities|funds| |||2024|2024|2024| |||£|£|£| |Charitable|activites|40,645|964,382|1,005,027| Direct costs relate to investment manager fees, auditor's remuneration, administration fees and bank charges payable by the Trust. Page 16 THE BOODLES CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 ## ae ## 7. Analysis of grants ||Grants to|Total| |---|---|---| ||Institutions|funds| ||2025|2025| ||£|£| |Grants to institutions|821,716|821,716| ||Grants to|Total| ||Institutions|funds| ||2024|2024| ||£|£| |Grants to institutions|964,382|964,382| |The Trust has made the following material grants to institutions during the year:||| ||2025|2024| ||£|E| |Name of institution||| |Hopeand Homes for Children|45,000|45,000| |Castlegate Church|20,000|-| |Yorkshire Childrens Charity|50,000|-| |The ChallengerTrust|50,000|-| |THE SEND (YWAM)|25,000|-| |Rainbow Trust|50,000|55,850| |The Send|30,000|-| |The Filling Station|125,000|-| |The Shining Faces of India|-|50,000| |Street Child|60,000|-| |Just a Drop|-|525,000| |Mission 24 -Valley Life Trust|29,500|20,000| |Royal Opera House|50,000|50,000| |Petra Diamond Foundation|-|60,000| |Life Link|_|62,500| |Strongold Ministry|22,000|-| || Can and
| Am|25,000|-| ||581,500|868,350| |Other grants to institutions (individual grants < £20,000)|240,216|96,032| ||821,716|964,382| el Page 17 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 ## THE BOODLES CHARITABLE TRUST ## 8. Auditor's remuneration The auditor's remuneration amounts to an auditor fee of £6,000 (2024 - £6,000). ## 9, Trustees’ remuneration and expenses During the year, no Trustee received any remuneration or other benefits (2024 - ENIL). During the year, no Trustee expenses have been incurred (2024 - ENIL). ## 10. Fixed asset investments ||Other| |---|---| ||investments| ||£| |Cost or valuation|| |At 6 April 2024|4,832,506| |Additions|868,492| |Disposals|(355,059)| |Revaluations|(190,794)| |Foreign exchange movement|(136,247)| |At 5 April 2025|5,018,898| |Net book value|| |At 5 April 2025|5,018,898| |At5April2024|4,832,506| All investments are listed on a recognised stock exchange or held in common investment funds, open ended investment companies, unit trusts or other collective investment schemes. ## Material investments No individual holding comprises more than 10% of the total value of the portfolio. Page 18 THE BOODLES CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 i i ltl ## 11. Debtors |||2025|2024| |---|---|---|---| |||£|£| ||Due within one year||| ||Other debtors|82,500|-| |12.|Creditors: Amounts falling due within one year||| |||2025|2024| |||£|£| ||Accruals and deferred income|37,000|42,000| ||Accruals forgrants payable|195,000|305,000| |||232,000|317,000| |43.|Creditors: Amounts falling due aftermore than one year||| |||2025|2024| |||£|£| ||Accrualsforgrantspayable|-|175,000| aee Page 19 THE BOODLES CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 | | | : | i | ## 14, Statement of funds ## Statement of funds - current year **----- Start of picture text -----**
|||||||| |---|---|---|---|---|---|---| |Balance|at|6|Gains/|Balance|at|5| |April|2024|Income|Expenditure|(Losses)|April|2025| |£|£|£|£|£| |Unrestricted|funds| |Unrestricted|funds|5,042,254|1,211,964|(872,067)|(216,931)|5,165,220| |Restricted|funds| |:|37,597|:|:|37,897| |Restricted|funds| |Total|of funds|5,042,254|1,249,561|(872,067)|(216,931)|5,202,817| **----- End of picture text -----**
At 5 April 2025, unrestricted funds of £37,597 (2023: ENil) were held for the Indian Christian Mission Centre (ICMC). These funds are restricted and will be transferred to ICMC once it is again able to receive international donations under Indian regulations, Until then, the restricted balance will be held securely and not used for any other purpose **----- Start of picture text -----**
|||||||||| |---|---|---|---|---|---|---|---|---| |Statement|of funds|- prior year| |6|BalanceApril|2023at|Income|Expenditure|(Losses)Gains/|_—_5|BalanceApril|2024at| |£|£|£|£|£| |Unrestricted|funds| |General|Funds-|all|funds|4,377,942|1,297,454|(1,005,027)|371,885|5,042,254| **----- End of picture text -----**
## 15. Analysis of net assets between funds Analysis of net assets between funds - current year **----- Start of picture text -----**
||||||||| |---|---|---|---|---|---|---|---| |Restricted|Unrestricted|Total| |funds|funds|funds| |2025|2025|2025| |£|£|£| |Fixed|asset|investments|-|5,018,898|5,018,898| |Current|assets|37,597|378,322|415,919| |Creditors|due|within|one|year|-|(232,000)|(232,000)| |Total|37,597|5,165,220|5,202,817| **----- End of picture text -----**
Page 20 THE BOODLES CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 ## 15. Analysis of net assets between funds (continued) ## Analysis of net assets between funds - prior year ||Unrestricted|Total| |---|---|---| ||funds|funds| ||2024|2024| ||£|£| |Fixed asset investments|4,832,506|4,832,506| |Current assets|701,748|701,748| |Creditors due within one year|(317,000)|(317,000)| |Creditors due in more than one year|(175,000)|(175,000)| |Total|5,042,254|5,042,254| ## Total 16. Reconciliation of net movement in funds to net cash flow from operating activities ||2025|2024| |---|---|---| ||£|£| |Net income for the period (as per Statement of Financial Activities)|160,563|292,427| |Adjustments for:||| |Investment income|(127,264)|(97,454)| |Movement in debtors|(82,500)|-| |Movement in creditors|(260,000)|292,000| |Revaluation of investments|327,041|193,581| ||17,840|680,554| 17. Analysis of cash and cash equivalents ||||2025|2024| |---|---|---|---|---| ||||£|gE| |Cash|in|hand|333,419|701,748| Page 21 THE BOODLES CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 ## 18. Analysis of changes in net debt |||||||At 6 April||At 5 April| |---|---|---|---|---|---|---|---|---| |||||||2024|Cash flows|2025| |||||||£|£|£| |Cash|at|bank|and|in|hand|701,748|(368,329)|333,419| |||||||701,748|(368,329)|333,419| ## 19. Related party transactions Voluntary income of £1,082,500 (2024: £1,000,000) was received from Boodle & Dunthorne Limited, a company in which the Trustees are Directors. Donations of £3,000 (2024: ENil) were made to Now Believe of which J A Wainwright is a Trustee. With regret after over twenty seven years of supporting the children at The Indian Christian Mission Centre (ICMC), either via personal donations or via Shining Faces (registered charity 1070575 — constitution adopted 23rd April 1998), the trustees feel the time is correct to close Shining Faces of India (of which N A Wainwright and J A Waiwright were Trustees). The balance of funds (£37,597) was transferred to The Boodles Charitable Trust ring-fenced for ICMC, to be transferred in full at a later date. | Page 22