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 don*ions 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. Subl￿t to any departures disclosed and explained in the financial statements- el Prepare the financial statements on a gcwng con￿rn ba515 unless it is inappropriate to presume that the charity will continue in operation. The trustees are reS￿nSIble 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 eX￿ptiOTr 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 ne￿Sary 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 trust￿5 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 Ba￿ott (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