Charity Registration No. 1083281 IEngland & Wales) BROOME FAMILY CHARITABLE TRUST TRUSTEES, REPORT AND AUDITED ACCOUNTS FOR THE YEAR ENDED 29 FEBRUARY 2024
Charity Registration No. 1083281 IEngland & Wales) BROOME FAMILY CHARITABLE TRUST LEGALAND ADMINISTRATIVE INFORMATION Trustees Mr AJ Robinson Mr M J Ltve5ey Charity Number 1083281 Principal Address 4 Clumber Close Poynton Stockport Cheshire SK12 IPG Auditors Clarke Nicklin LLP Chartered Accountants & Registered Auditors Clarke Nicklin House Brooks Drive Cheadle Royal Business Park Cheadle Cheshire SK8 3TD
Chaiity Registration No. 1083281 (England & Wales) BROOME FAMILY CHARITABLE TRUST CONTENTS Page Report of the Trustees Statement of Trustee5' Responsibilities Independent Auditorfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements
Chartty Registration No. 1083281 IEngland & Wales) BROOME FAMILY CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 29 FEBRUARY 2024 The trustees present their reF)Ort and acmunts for the peri ended 29 February 2024. The accounts have been prepared in accordance with the accounting polities set out in note I to the accounts and comply with the chartty's governing document. the Charities kn 2011 and the Statement of Recommended Practice, "Accounting and Reporting by Charities" applicable to charities preparing their accounts in accordancÈ with the Financial Reporting Stsndèrd applicable in the UK and Republic of Ireland IFRS 1021 effettive l January 2015. Structurè governance and Management Broome Fomity Choritoble Trust Tnjstees during 2024 Andrew John Robinson Mark Jason Livesey Objectives. aclivitie5 and achlevements The Broome Family Charitable Trust was eslablished in February 20(K) by Mrs Beryl Whittaker as a trust entity. The objectives of the Trust a5 set out in the Declaration of Trust are to apply the whole of its income and capital for the benefit of such exclusively charrtable causes as the trustees may. in their absolute discretion. think fit. During the year 72 charitieslresearch organisations have recewed donions amounting to £1.164,150. Financial Review At the 6alance Sheet date. the Trust held cash reserves of £1.914.861 available to be distributed as cnaritable donations and unlisted investments with a value of £J.268.789. Rlsk Management The trustees have assessed the maior risks to which the charity is exposed. and are satisfied that systems are in place to mitigate exposure to the major risks. All payments made by the Trust require the dual authorlsation of both Trustee5 to mitigate any risks with the use of the Trust funds. Plans for Future Period The trustees will continue to attively seek to identify worthwhile charitable causes to receive donations from the Trust. On behalf of the board of trustees drew John Robinson Trustee: Mark Jason sey Dated..
Charity Registration No. 1083281 (Engknd & Wales) BROOME FAMILY CHARITABLE TRUST STATEMENT OF TRusfEES RESPONSIBILfTIES FOR THE YEAR ENDED 29 FEBRUARY 2024 The trustees are responsible for preparing the Trustees. Report and the financial statements in accordance with applicable law and United Kingdom Account Standards (United Kingdom Generally Accepted Accounting Practice) The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which gives a true and fair view of the state of affairs of the charity and of its incoming resource5 and application of resources for that period. In preparing these financial statements, the trustees are required to.. a) Selert suitable accounting policies and apply them consistentlyi bl Observe the methods and principles in the chanlie5 SORP: cl Make judgements estimates that are reasonable and prudent- dl State whether applicable accounting standards have been followed. Sublt to any departures disclosed and explained in the financial statements- el Prepare the financial statements on a gcwng conrn ba515 unless it is inappropriate to presume that the charity will continue in operation. The trustees are reSnSIble for keeping accounting records that disc105e with reasonable accurary at any time the financial position of the charty and them to ènsure that the financial statements comply with the Charitie5 Act 2011. the Charity (Accounts and Reports) regulations and the provision5 of the rule> They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraLEd and other irre8ularities.
Charity Registration No. 1083281 {England & Wales) BROOME FAMILY CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE BROOME FAMILY CHARITABLE TRusr Opinlon We have audited the financial statements of Broome Family Charitable Trust Ithe'charitable tnJsVI for the year ended 29 February 2024 which comprise the Statement of Fir)ancial Activities. the Balance Sheet and notes to the financial statements, including a summary of significant accounting wlicies. The financial reporting framework that has been applied in their preparation is applicable law and Untted Kingdom Accounting Standards (United Kingdom G•nerally Accepted Accountin8 Practice). This report is made solely to the Charitvs Trustees. as a body. in accordance wtth Section 144 of the Charities Act 2011 and the regulations made under sertion 154 of that Att. Our audit work has been undertzken so that we might state to the Charitvs Trustees those matters we are reouired to state to them in an auditorfs 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 Charitys Trustees as a body. for our audit work. for this reporL or for the opinions we have fomed. In our opinion the financi31 statements: give a true and fair view of the Charitys affairs as at 29 February 2024 and of its incoming resources and application of resources. including its result. for the year then ended- have been properly prepared in cOrdanCe wtth United Kingdom Generally Accepted Actounting practice- and have been prepared in accordante with the requirements of the Charities Art 2011. Basi5 for opinion We conducted our audr( in accordance wrth International Standards on Auditing (UK) IISAS IUKII and applicable law. Our responsibilities uiider ih05e 5tandard5 are further described in the Audltors responslbllltles for the aud t of the financial statements section of our report. We are independent of the charitable trnst in accordance with the ethical requirements that are relevant to our audit of the finantial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical resporksibiltties in (Ordance with these requirements. We believe that the audit evidence we have obtaine(l is sufficient and appropriate to provide o basis for our opinion. Conclusion5 relating to going ioncern We have nothing to report in respett of the following matters in relation to which the ISAS IUKI require us to report to you where.. the trustees, use of the going concern basis of accounting in the preparation of the finanthal statements is not appropriate- or the trustees have not disclosed in the financial statements any identified Material uncertaintie5 that may cast significant doubt about the charivs ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. Other inforrnation The trustees are responsible for the other information. The other inforniation comprises the information included in the annual report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other infomiation and we do not express any form of assurance conclusion thereon. In connettion with our audit of the financial statements, our responsibility is to read the other information and. in doing 50, consi(ler whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the audit or otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other information. we are qUired to report that fact. We have nothing to port in this regard.
Charity Registrath)n No. 1083281 (England & Wales) Opinion on other matter5 In our opinion. based on the work undertaken in the course of the audit= the information given in the Rewrt of the Trustees for the financial year for which the financial statements are prepared 15 consistent wtth the financial statements; and the Report of the Trustees ha5 been prepared in accordance with applicable legal requirements. Matters on which we are required to report by eXptiOTr In light of the knowledge and understanding of the charfcable trust and its environment obtained in the course of the audit, we have not identified material misstatements in the ReFXIrt of the Trustees. We hève nothing to report in respert of the following matters where the Charities Act 2011 requires us to report to you if, in our opinion: dequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us.. or the financial statements are not in agreement wtth the countIng records and return5: or certain disclosures of tnjstees, remuneration specified by law are not made: or we have not received all the information and explanations we require for our audi ResFJonsibilities of trustees As explained more fully in the ststement of Trustees Responsibilities. the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is neSary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparin8 the financial statements. the trust5 are responsible for asse5sinE the charitable trLsVs ability to continue as a going concern, disclosin& as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to wind up the charitable trust Of to cease operations. or have no fealistic alternative but to do so. Our responslbllltles for the audlt of the finantial statements 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 a Report of the Independent Auditors 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 IUKI 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 economtc decisions of users taken on the basi5 of these financial statements. A furthèr dtJscription of our rÉ>8pDn%ibilitip.% f()r the audit of thè. finxn¢_ial statements is located on the Financial Reporting Council's website at vpKw.frc.or&uklauditorsresponsibilities. This dexription forms part of our Report of Ihe Independent Auditors. Andrew Baott (Senior Statutory Auditofl for and on behalf of Clarke Nicklin LLP Chartered Accountants and Statutory Auditors Clarke Nicklin House Bi"ovks Drive Cheadle Royal Business Park Cheadle Cheshire SK8 3TD
BROOME FAMILY CHARrrABLE TRusr STATEMENT OF FINANCIAL AcrIvrrIES (INCLUDING INCOME AND EXPENDrruRE ACCOUNT) FOR THE YEAR ENDED 29 FEBRUARY 2024 Notes Unrestricted Funds 2024 Total Funds 2024 Total Funds 2023 INCOMING RESOURCES Incoming resources from generated funds Gift Aid- Broome Management Co. Limited Exceptional funds received 768.121 2.714 768,121 2,714 750.107 5.884 Total Inmmlng resources 770.835 770,835 755.991 RESOURCES EXPENDED Cost of generating funds C_n<t4 nf eeneratine voliintary income Unrealised investment gain/Loss 1,204 167.515} 1.204 167.5151 828 74,567 166.311) 166.311 75.395 NET INCOMING RESOURCES AVAUABLE 837,146 837,146 680.596 Charitable actlvltles Charitable donations 1,164,150 1,164,150 902,5IXI Governance costs 2.fAO 2.520 Total resources expended 1,100.479 I,IIXi,479 980,415 NET MOVEMENT IN FUNDS (329.644) (329.6441 1224.4241 Fund balances brought forward 3,510,894 3,510,894 3,735,319 TOTAL FUNDS CARRIED FORWARD 3,181,250 3,181.250 3,510,894
BROOME FAMILY CHARrrABLE TRusr BALANCE SHEET AS AT 29 FEBRUARY 2024 2024 2023 Plote FIXED ASSEts Investments 1,268.789 1,201,274 CURRENT ASSErs Cash and bank 1,914.861 2,312,020 CREDITORS: Amounts due within one year 2.400 TOTAL ASSEfs LESS CURRENT UABIUTIES 3,181,251 3.510,895 THE FUNDS OFTHE CHARITY Unrestricted funds 3.181.251 3.510,895 TOTAL CHARITY FUNDS 3 181,251 3.510,895 ON BEHALF OF THE TRUSTEES Trust A Robinso
BROOME FAMILY CHARITABLE TRusr NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024 ACCOUIITING POUCIES Basis of preparation The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charitie5: Statement of Recommended Prattice applicable to charities preparin8 their accounts in accordance wrth the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 2015),. FinancialReporting Standard 102'The Financial Reportln8 Standard applicable in the UK and Repiblic of Ireland, and thecharities Act 2011. The financial statements have been prepared under the hstorical cost convention. The charity has taken advantage of the following disclosure exemptions in preparing these financlal Statements. as permitted by FRS 102 The Financial Reporting Standard applicable in the UK and republic of Ireland,: the requirements of Section 7 Ststement of Cash Flows: the requirement of Section 3 Financial Ststement Presentation paragraph 3.17{d}; the requirements of Section 11 Financial Instruments paragraphs 11.41(bl, 11.41lc}. 11.41{e), 11.41{fj. 11.42. 11.44. 11.45, 11.47, 11.qalliiil. 11.481allivl, 11.48lbl and 11.48{c): the requirement of Section 33 Related Party Disclosure paragraph 33.7. Investment assets Investments are ststed at market value. Realised and unrealised gains and losses on investments are dealt with in the Statement of Financial Attivities. Income Income is reported gross, and is shown in detail on page 5 as incoming resources. Donations and gifts Donations and gifts are accounted for when the resources are receivable or when the charity's entitlement is leg3lly enforceable. with the exception of gift5 in kind. Such gifts in kind include the transfer of assets from other charities a1 organisations, which are not shown In the financial statements dueto the difficulty in quantifyirg and valuingthem. Expenditure Costs directly relating to the objectrves of the charity are induded in charitable activities.
BROOME FAMILY CHARrrABLE TRusr NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024 EXCEPTIONAL FUNDS RECEIVED 2024 2023 Bank interest Tax Refund 2,714 1.940 2.899 2.714 4,839 TOTAL RESOURCES EXPENDED (haritable onatlons Total 2024 Total 2023 Costs of 8eneratingfvnds Costs of generatÉng voluntary income Unrealised investment18ainllloss Total 1.204 {67.5151 166,3111 1.204 167,5151 166.3111 828 74,567 75.395 Charitable activities Charitable donations 1,164,150 1.164.150 902,500 Governance costs Accountancy fees 2,640 2,640 2,520 1,164.150 (63.671) I.IIXl.479 980,415 TRUSTEES AND EMPLOYEES None of the trustees lor any persons connected with them) received any iernuneration during the year. Number of trustees and employee5 The average monthly number of trustees during the year was: 2024 2023 There were no employees during the year.
BROOME FAMILY CHARrrABLE TRusr NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024 FIXED ASSEf INVESTMENTS 2024 2023 Unlisted Investments- Parmenion Capitsl Partners LLP Market value l March 2023 Additions Disposals Unrealised investment gainl{loss) 1.184.068 1,258,635 67.515 {74,5671 Market value 29 February 2024 l.Z51,583 1,184,068 Private company shares 172,055 lop Ordinary shares held in Broome Management Co. Limited 17,206 17.206 1.268.789 1.201.274 CREDITORS 2024 2023 Accountsncy fee accrual 2,400 2.400 2,400