REGISTERED CHARITY NUMBER: 1081979
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 5 April 2024
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 2024
| 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 2024
The trustees present their report with the financial statements of the charity for the year ended 5 April 2024. 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 2024
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 |
||
|---|---|---|
| 2024 | 2023 | |
| Grants paid to institutions of £1,000 or more: | ||
| 1625 Independent People | 5,000 | |
| Ablaze | 2,500 | |
| Action Aid | 10,000 | |
| Afric Aid | 10,000 | |
| Alabare Christian Care | 5,000 | 10,000 |
| APE Project | 2,000 | |
| Baby Bank Network | 3,000 | |
| Badminton School | 1,000 | |
| BAND | 2,440 | |
| Brace | 3,000 | |
| Brandon Trust | 2,000 | |
| Brentry and Henbury Children | 3,150 | |
| Bristol After Stroke | 1,000 | |
| Bristol Music Trust | 5,000 | 20,000 |
| Bristol Refugee Rights | 5,000 | |
| British Red Cross | 2,000 | |
| Brunelcare | 1,000 | |
| Changing Faces | 2,000 | |
| Church Army | 3,000 | |
| Clifton Childrens Society | 2,500 | |
| Clifton College | 5,000 | 4,000 |
| Community Connexions | 4,000 | |
| Community Initiatives South | 5,000 | |
| Crimestoppers Trust | 1,000 | |
| David Valsey Trust | 4,000 | |
| DentAid | 3,000 | |
| Dressability | 1,000 | |
| Engaged Now | 6,000 | |
| Flamingo Chicks | 2,000 | |
| Forest of Avon Trust | 5,000 | |
| Friends of Friendless Churches | 1,000 | |
| G11 Community Chicks | 4,500 | |
| Gloucestershire Society | 2,000 | 2,000 |
| Home Farm Trust | 1,000 | |
| Home-start Bristol Ltd. | 5,000 | |
| In Hope (Bristol) Limited | 6,000 | |
| IT Schools Africa | 2,000 | |
| HMSC Limited | 2,000 | |
| Hydration Foundation | 1,000 | |
| Kinergy | 5,000 | |
| Kingsmeadow | 5,000 | |
| Leonard Cheshire Disabilities | 2,000 | |
| Life Cycle | 2,000 | |
| Life Skills Learning | 4,000 | |
| Listening Now | 1,500 | |
| Live Music Now | 3,000 | |
| Macula Disease Society | 1,000 | |
| MacMillan Cancer Support | 3,400 | |
| Matthew Tree Project | 5,000 | |
| NACOA | 3,000 | |
| National Association of Almshouses | 2,500 | |
| One 25 | 2,000 | |
| Parkinson's Disease Society | 3,000 | |
| Penny Brohn Cancer Care | 3,000 | |
| Project Mama | 4,000 | |
| Prisoners Advice Service | 2,000 | |
| Re-work Limited | 2,000 | |
| RNID | 2,000 | |
| Salvation Army | 1,000 |
2
THE J & M BRITTON CHARITABLE TRUST
Report of the Trustees
for the year ended 5 April 2024
| OBJECTIVES AND ACTIVITIES | ||
|---|---|---|
| Samaritans | 5,000 | |
| Sixty One | 4,000 | |
| South Bristol Consortium | 5,000 | |
| Stand Against Violence | 3,000 | |
| St Marys PCC Olveston | 16,000 | |
| St Mungo Community Housing | 1,000 | |
| St Werburgs City Farm | 5,000 | |
| Talking Money | 5,000 | |
| Teenage Cancer Trust | 4,000 | |
| The Collegiate School | 2,000 | |
| The Harbour | 3,500 | |
| The Key | 5,000 | |
| The Sofa Project | 2,000 | |
| UK Electrics Skills Foundation | 3,000 | |
| Venturers Trust | 2,000 | |
| Voices | 2,000 | |
| Winston's Wish | 2,000 | |
| Womens Work L:ab CIC | 3,000 | |
| Young Cares Development | 2,000 | |
| Grants of £1,000 or less: | ||
| For charitable and educational purposes | 36,000 | 37,500 |
| Total | 185,090 | 186,400 |
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 £185,090 (2023: £186,400).
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 increased by £74,352 to £3,766,146. 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
3
THE J & M BRITTON CHARITABLE TRUST
Report of the Trustees
for the year ended 5 April 2024
Trustees
A F Bernays A H Bernays Lady Merrison (resigned 6.12.23) C Duckworth R O Bernays R E J Bernays L Gledhill (appointed 6.12.23)
Independent Examiner
Mitchell Glanville (Bristol) Limited c/o MGB Accountants - Suite 22 Trym Lodge, 1 Henbury Road Westbury-on-Trym Bristol BS9 3HQ 28 January 2025 Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.............................................................................. 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 2024.
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
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
28 January 2025
Date: .............................................
5
THE J & M BRITTON CHARITABLE TRUST
Statement of Financial Activities
for the year ended 5 April 2024
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Investment income 2 Total EXPENDITURE ON Charitable activities Grants payable Net gains/(losses) on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2024 Unrestricted fund £ 1,350 91,125 92,475 208,673 190,550 74,352 3,691,794 3,766,146 |
2023 Total funds £ 391,572 72,950 464,522 207,146 (258,140) (764) 3,692,558 3,691,794 |
|---|---|---|
The notes form part of these financial statements
6
THE J & M BRITTON CHARITABLE TRUST
Balance Sheet
5 April 2024
| Notes FIXED ASSETS Investments 5 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 6 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds TOTAL FUNDS |
2024 Total funds £ 3,681,524 85,702 (1,080) 84,622 3,766,146 3,766,146 3,766,146 3,766,146 |
2023 Total funds £ 3,541,218 151,656 (1,080) 150,576 3,691,794 3,691,794 3,691,794 3,691,794 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. 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 2024
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 |
2024 £ 70,759 20,366 91,125 |
2023 £ 65,452 7,498 |
|---|---|---|
| 72,950 |
3. TRUSTEES' REMUNERATION AND BENEFITS
No remuneration is drawn by the Trustees
Trustees' expenses
There were no trustees' expenses paid for the year ended 5 April 2024 nor for the year ended 5 April 2023.
8
THE J & M BRITTON CHARITABLE TRUST
Notes to the Financial Statements - continued for the year ended 5 April 2024
| 4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Investment income Total EXPENDITURE ON Charitable activities Grants payable Net gains/(losses) on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 5. FIXED ASSET INVESTMENTS MARKET VALUE At 6 April 2023 Additions Disposals Revaluations At 5 April 2024 NET BOOK VALUE At 5 April 2024 At 5 April 2023 There were no investment assets outside the UK. Cost or valuation at 5 April 2024 is represented by: Valuation in 2024 Cost |
Unrestricted fund £ 391,572 72,950 464,522 207,146 (258,140) (764) 3,692,558 3,691,794 Listed investments £ 3,541,218 516,096 (499,522) 123,732 3,681,524 3,681,524 3,541,218 Listed investments £ (213,724) 3,895,248 3,681,524 |
|---|---|
9
THE J & M BRITTON CHARITABLE TRUST
Notes to the Financial Statements - continued for the year ended 5 April 2024
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
| 2024 | 2023 |
|---|---|
| £ | £ |
| 1,080 | 1,080 |
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 5 April 2024.
10
THE J & M BRITTON CHARITABLE TRUST
| Detailed Statement of Financial Activities for the year ended 5 April 2024 INCOME AND ENDOWMENTS Donations and legacies Legacies Investment income Dividend income Interest income Total incoming resources EXPENDITURE Charitable activities Investment manager's fees Grants paid out Support costs Finance Bank charges Governance costs Sundries Accountancy and legal fees Total resources expended Net (expenditure)/income before gains and losses Realised recognised gains and losses Realised gains/(losses) on fixed asset investments Net income |
2024 £ 1,350 70,759 20,366 91,125 92,475 20,554 185,090 205,644 65 804 2,160 2,964 208,673 (116,198) 190,550 74,352 |
2023 £ 391,572 65,452 7,498 |
|---|---|---|
| 72,950 | ||
| 464,522 19,539 186,400 |
||
| 205,939 127 - 1,080 |
||
| 1,080 | ||
| 207,146 | ||
| 257,376 79,317 |
||
| 336,693 |
This page does not form part of the statutory financial statements
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Signature Certificate
Reference number: PDSDY-YDIVE-YVAOA-BUYCY
----- Start of picture text -----
Signer Timestamp Signature
Sa @ Se 0 i a a ee ae a ae a Sa se.
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Paul Clarke
Email: paul@mgb.email
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IP address: 213.129.74.45 Location: Edgware, United Kingdom
Robert Bernays
Email: robertbernays@yahoo.com
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IP address: 92.234.31.23 Location: Bristol, United Kingdom
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