REGISTERED CHARITY NUMBER: 1081979
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 5 April 2023
for
THE J & M BRITTON CHARITABLE TRUST
Mitchell Glanville (Bristol) Limited c/o MGB Accountants - Suite 22 Trym Lodge, 1 Henbury Road Westbury-on-Trym Bristol BS9 3HQ
THE J & M BRITTON CHARITABLE TRUST
Contents of the Financial Statements for the year ended 5 April 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | ||
| Notes to the Financial Statements | 8 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
THE J & M BRITTON CHARITABLE TRUST
Report of the Trustees
for the year ended 5 April 2023
The trustees present their report with the financial statements of the charity for the year ended 5 April 2023. The trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The purpose of the charity is to make donations out of income or capital to charities and to individuals for educational purposes and for the relief of poverty.
The emphasis is on the Bristol region.
Public benefit
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and setting its grantmaking policies.
1
THE J & M BRITTON CHARITABLE TRUST
Report of the Trustees
for the year ended 5 April 2023
OBJECTIVES AND ACTIVITIES Grantmaking
The following grants were paid out during the year
| OBJECTIVES AND ACTIVITIES Grantmaking The following grants were paid out during the year |
||
|---|---|---|
| 2023 | 2022 | |
| Grants paid to institutions of £1,000 or more: | ||
| 1625 Independent People | 5,000 | |
| Access Sport | 5,000 | |
| Action Aid | 10,000 | 5,000 |
| Afric Aid | 10,000 | |
| Alabare Christian Care | 10,000 | |
| Badminton School | 1,000 | 1,000 |
| Brace | 3,000 | 2,000 |
| Brandon Trust | 2,000 | |
| Bristol After Stroke | 1,000 | |
| Bristol Autism Support | 4,000 | |
| Bristol Children's Help | 2,000 | |
| Bristol Hospitality Network | 5,000 | |
| Bristol Music Trust | 20,000 | 20,000 |
| Brunelcare | 1,000 | 5,000 |
| Caring in Bristol | 2,000 | |
| Changing Faces | 2,000 | |
| Clifton College | 4,000 | 4,000 |
| CPRE | 1,000 | |
| Crimestoppers Trust | 1,000 | |
| David Valsey Trust | 4,000 | |
| Disabled Travel Service | 7,000 | |
| East Bristol Advice Centre | 2,000 | |
| Fareshare | 5,000 | |
| Flamingo Chicks | 2,000 | |
| Forest of Avon Trust | 5,000 | |
| G11 Community Chicks | 4,500 | |
| Gloucestershire Society | 2,000 | |
| Gloucestershire Young Carers | 2,000 | |
| Gympanzees | 5,000 | |
| Home-start Bristol Ltd. | 5,000 | |
| In Hope (Bristol) Limited | 6,000 | 5,000 |
| Hydration Foundation | 1,000 | |
| Jacari | 4,000 | |
| Jessie May | 10,000 | |
| Leonard Cheshire Disabilities | 2,000 | |
| Listening Now | 1,500 | |
| Live Music Now | 2,000 | |
| MacMillan Cancer Support | 3,400 | |
| NACOA | 3,000 | |
| National Star Centre | 5,000 | |
| North Bristol Advice Centre | 3,000 | |
| On Course Foundation | 3,000 | |
| Parkinson's Disease Society | 2,000 | |
| Resolve West Limited | 2,000 | |
| Royal Forestry Society | 1,000 | |
| SENSE | 3,000 | |
| Sixty One | 4,000 | |
| Sofa Project | 3,000 | |
| South Bristol Consortium | 5,000 | |
| St Marys PCC Olveston | 16,000 | |
| St Mungo Community Housing | 1,000 | |
| Talking Money | 5,000 | |
| Teenage Cancer Trust | 4,000 | |
| The Harbour | 3,500 | |
| The Pituitary Foundation | 1,000 | |
| UK Electrics Skills Foundation | 3,000 | |
| Venturer's Trust | 2,000 | 2,000 |
| Willow Foundation | 3,000 | |
| Winston's Wish | 2,000 |
2
THE J & M BRITTON CHARITABLE TRUST
Report of the Trustees
for the year ended 5 April 2023
OBJECTIVES AND ACTIVITIES
| OBJECTIVES AND ACTIVITIES | ||
|---|---|---|
| Young and Free | 2,000 | |
| Grants of £1,000 or less: | ||
| For charitable and educational purposes | 37,500 | 28,800 |
| Total | 186,400 | 162,800 |
ACHIEVEMENT AND PERFORMANCE
Charitable activities
In accordance with the objectives of the charity, donations are made initially out of the investment income arising during the year and to the extent the Trustees consider appropriate, thereafter out of capital. Donations in the year totalled £186,400 (2022: £162,800).
Grantmaking
The trustees meet regularly to consider what grants they will make and to review any feedback they have received. Nominations for grants are elicited by formal and informal means.
Reserves policy
The trustees have established the levels of reserves as far as possible to meet the ongoing funding requirements of the charity.
The long term income of the charity is derived from the portfolio of investments held by the charity. During the year the charity's reserves decreased by £763 to £3,691,795. The trustees are satisfied that the portfolio of investments will continue to secure sufficient income to meet its charitable objectives.
Investment policy
The investment policy for the charity is to generate a reasonable level of income at average or above average market yields and to maintain the real value of the capital invested if possible.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The charity is governed by its governing document, a deed of trust dated 25 April 1960, and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1081979
Principal address
Whitecroft 3A Merlin Haven Wotton under Edge Gloucestershire GL12 3BA
Trustees
A F Bernays A H Bernays Lady Merrison C Duckworth R O Bernays R E J Bernays
Independent Examiner
Mitchell Glanville (Bristol) Limited c/o MGB Accountants - Suite 22 Trym Lodge, 1 Henbury Road Westbury-on-Trym Bristol BS9 3HQ
3
THE J & M BRITTON CHARITABLE TRUST
2023-12-06 Approved by order of the board of trustees on ............................................. and signed on its behalf by:
Report of the Trustees
for the year ended 5 April 2023
.............................................................................. R E J Bernays - Trustee
4
Independent Examiner's Report to the Trustees of The J & M Britton Charitable Trust
Independent examiner's report to the trustees of The J & M Britton Charitable Trust
I report to the charity trustees on my examination of the accounts of The J & M Britton Charitable Trust (the Trust) for the year ended 5 April 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
P J Clarke
Mitchell Glanville (Bristol) Limited c/o MGB Accountants - Suite 22 Trym Lodge, 1 Henbury Road Westbury-on-Trym Bristol BS9 3HQ 2023-12-06 Date: .............................................
5
THE J & M BRITTON CHARITABLE TRUST
Statement of Financial Activities
for the year ended 5 April 2023
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Investment income 2 Total EXPENDITURE ON Charitable activities Grants payable Other Total Net gains/(losses) on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2023 Unrestricted fund £ 391,572 72,951 464,523 207,146 - 207,146 (258,140) (763) 3,692,558 3,691,795 |
2022 Total funds £ - 63,497 |
|---|---|---|
| 63,497 | ||
| 185,359 500 |
||
| 185,859 | ||
| 204,774 | ||
| 82,412 3,610,146 |
||
| 3,692,558 |
The notes form part of these financial statements
6
THE J & M BRITTON CHARITABLE TRUST
Balance Sheet
5 April 2023
| 2023 Total funds Notes £ FIXED ASSETS Investments 5 3,541,218 CURRENT ASSETS Cash at bank 151,656 CREDITORS Amounts falling due within one year 6 (1,079) NET CURRENT ASSETS 150,577 TOTAL ASSETS LESS CURRENT LIABILITIES 3,691,795 NET ASSETS 3,691,795 FUNDS Unrestricted funds 3,691,795 TOTAL FUNDS 3,691,795 The financial statements were approved by the Board of Trustees and authorised for issue on .......................................... signed on its behalf by: 2023-12-06 |
2022 Total funds £ 3,451,542 245,762 (4,746) 241,016 3,692,558 3,692,558 3,692,558 3,692,558 ... and were |
|---|---|
............................................. R E J Bernays - Trustee
The notes form part of these financial statements
7
THE J & M BRITTON CHARITABLE TRUST
Notes to the Financial Statements for the year ended 5 April 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
As a charity, The J & M Britton Charitable Trust is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its chargeable objects.
The trustees are able to reclaim tax that has been suffered at source on their investment income.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
| Dividend income Interest income |
2023 £ 65,453 7,498 72,951 |
2022 £ 58,360 5,137 |
|---|---|---|
| 63,497 |
3. TRUSTEES' REMUNERATION AND BENEFITS
No remuneration is drawn by the Trustees
8
THE J & M BRITTON CHARITABLE TRUST
Notes to the Financial Statements - continued for the year ended 5 April 2023
3. TRUSTEES' REMUNERATION AND BENEFITS - continued
Trustees' expenses
During the year administration expenses of £nil (2022: £500) were incurred by R E J Bernays.
| 4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Investment income EXPENDITURE ON Charitable activities Grants payable Other Total Net gains on investments NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 5. FIXED ASSET INVESTMENTS MARKET VALUE At 6 April 2022 Additions Disposals Revaluations At 5 April 2023 NET BOOK VALUE At 5 April 2023 At 5 April 2022 |
Unrestricted fund £ 63,497 185,359 500 185,859 204,774 82,412 3,610,146 3,692,558 Listed investments £ 3,451,542 796,334 (369,201) (337,457) 3,541,218 3,541,218 3,451,542 |
Unrestricted fund £ 63,497 185,359 500 185,859 204,774 82,412 3,610,146 3,692,558 Listed investments £ 3,451,542 796,334 (369,201) (337,457) 3,541,218 3,541,218 3,451,542 |
|---|---|---|
| 185,359 500 |
||
| 185,859 | ||
| 204,774 | ||
| 82,412 3,610,146 |
||
| 3,692,558 | ||
| Listed investments £ 3,451,542 796,334 (369,201) (337,457) 3,541,218 3,541,218 3,451,542 |
||
There were no investment assets outside the UK.
9
THE J & M BRITTON CHARITABLE TRUST
Notes to the Financial Statements - continued for the year ended 5 April 2023
5. FIXED ASSET INVESTMENTS - continued
Cost or valuation at 5 April 2023 is represented by:
| Valuation in 2023 Cost 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 £ Other creditors 1,079 |
Listed investments £ (337,457) 3,878,675 3,541,218 2022 £ 4,746 |
|---|---|
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 5 April 2023.
10
THE J & M BRITTON CHARITABLE TRUST
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the year ended 5 April 2023 | ||
| 2023 | 2022 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Legacies | 391,572 | - |
| Investment income | ||
| Dividend income | 65,453 | 58,360 |
| Interest income | 7,498 | 5,137 |
| 72,951 | 63,497 | |
| Total incoming resources | 464,523 | 63,497 |
| EXPENDITURE | ||
| Charitable activities | ||
| Investment manager's fees | 19,539 | 20,934 |
| Grants paid out | 186,400 | 162,800 |
| 205,939 | 183,734 | |
| Support costs | ||
| Finance | ||
| Bank charges | 127 | 122 |
| Governance costs | ||
| Postage and stationery | - | 500 |
| Accountancy and legal fees | 1,080 | 1,503 |
| 1,080 | 2,003 | |
| Total resources expended | 207,146 | 185,859 |
| Net income/(expenditure) before gains and losses | 257,377 | (122,362) |
| Realised recognised gains and losses | ||
| Realised gains/(losses) on fixed asset investments | 79,317 | 19,146 |
| Net income/(expenditure) | 336,694 | (103,216) |
This page does not form part of the statutory financial statements
11
Signature Certificate
Reference number: CT36B-UYUW8-FYGCJ-LWB69
Signer Timestamp
Signature
Robert Bernays
Email: robertbernays@yahoo.com Shared via link
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IP address: 94.173.225.223 Location: Bristol, United Kingdom
Document completed by all parties on: 08 Jan 2024 09:31:47 UTC
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Signature Certificate
Reference number: F2GUJ-CXP8B-FARZH-C4W42
Signer Timestamp
Signature
Paul Clarke
Email: paul@mgb.email Shared via link
Sent: Viewed: Signed:
08 Jan 2024 11:26:24 UTC 08 Jan 2024 11:26:56 UTC 08 Jan 2024 11:27:09 UTC
IP address: 213.129.74.45 Location: Stanmore, United Kingdom
Document completed by all parties on: 08 Jan 2024 11:27:09 UTC
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