Charity Registration No. 1083281 IEngland & Wales) BROOME FAMILY CHARITABLE TRUST TRUSTEES, REPORT AND AUDITED ACCOUNTS FOR THE YEAR ENDED 28 FEBRUARY 2025
Charity Registration No. 1083281 IEngland & Wales) BROOME FAMILY CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr A J Robinson Mr M J Livesey Charity Number I[281 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
Charity Registration No. 1083281 IEngland & Wales) BROOME FAMILY CHARITABLE TRUST CONTENTS Page Report of the Trustees Ststement of Trustees, Responsibilities Independent Auditor's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements
BROOME FAMILY CHARITABLE TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 28 FEBRUARY 2025 The trustees present their report and accounts for the year ended 28 February 2025. The accounts have been preIred in accordan with the accounting policies set out in note I to the accounts and comply with the charity'sgoverning document,the Charities Act2011 and the Statement of Recommended Practice, "Accounting and Reporting by Charities" applicable to charitie5 preparirE their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 effective l January 2015. Structure. governance and management Bmome Fomily Charitoble Trust Trustees during 2025 Andrew John Robinson Mark Jason Livesey Objertives. artivities and achievements The Broome Family Charitable Trust was established in February 2CX)O by Mrs Beryl Whittaker as a trust entity. objective5 of the Trust as set out in the Declaration of Trustare to apply the whole of its income and capital for the benefit of such exclusively charitable causes as the trustees may. in their absolute discretion, think fit. During the year 78 charitieslresearch organisations have recewed donations amounting to £1,115,41512024 - £1,164,150). Finanaal Review At the Balance Sheet date. the Trustheld cash reserves of £1,690,84912024- £1.914,8611 availableto be distribufed as charitsble donations and unlisted investments with a value of £1,369,21312024 - £1,268,789). Risk Management The trustees have assessed the major 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 Trustrequire the dual authorisation of both Trustees to mitigate any risks with the use of the Trust funds. Plans for Future Period The trustees will continue to actively seek to identify worthwhile charitsble causes to receive donations from the Trust. On behalf of the board of trustees Trustee.. Andrew john Robinson Trustee- Mark Jason Livesey Dated= ......................... Dated=
BROOME FAMILY CHARITABLE TRUST STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 28 FEBRUARY 2025 The trustees are responsible for preparing the Trustees. Report and the financial statements in accordance with applicable lawand United Kingdom AcCntStand3rds (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 fairviewof the stste of affairsof the charity and of its incoming resources and application of resources for that period. In preparing these fina ncial statements, the trustee5 are required to.. al Select suitable accounting policies and apply them consistentlv- bl Observe the methods and principles in the charities SORP: cl Make judgements and estimates that are reasonable and prudent- dl State whether appliCae accourting standards have been followed, subject to any departures disclosed and explained in the financial statements- el Prepare the finanoal statements on a going concern basis unless itis inappropriate to presume thatthe charity will continue in operation. The trustees are resportsiblefor keepirEaCCotinE retdSthatdISc1ose with reasonable accuracy at any time the financial position of the charity and them to ensure thatthe financial statements tomplywith the Charities Act 2011, the Charity (Accounts and Reports) regulations and the provisions of the rules. They are also responsible for safeguardingthe assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
BROOME FAMILY CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE BROOME FAMILY CHARITABLE TRUST Opinion We have audited the financial statements of Broome Family Charitsble Trust Ithe 'charitable trusy) for the year ended 28 February2025 whichcomprise the Ststement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significantaccounting policEs.The financial reporting framework that has been applied in theirpreparation is applicable lawand United Kingdom Accounting Standard5 (United Kingdom Generally Accepted Accounting Practice). This report is made solelytothe Charity's Trustees, as a body, in accordance with Section 144 of the Charities Act 2011 and the regulations made undersection 154of thatAct. Our auditwork has been undertakenso that we might state tothe CharitlsTrusteesthose matters we are requiredto state to them in an auditor's report and for no other purpose. To the fullestextent pem)itted by law. we do notacceptor assume responsibility to anyoneother than the Charity's Trustees as a body, for our audit work, for this report, or for the opinions we have formed. In our opinion the financial statements.. give a true and fair view of the CharitWs affairs as at 28 February 2025 and of its incoming resources and application of resources, including its result, for the year then ended,. have been proper prepared in acc¢xdance with United Kingdom GenerallyAccepted Accounting practice- and have been prepared in accordance with the requirements of the Charities Act 2011. Basis for opinion We conducted our audit in accordancewith International Standardson Auditing IUKI IISAS IUKII and applicable law. Our responsibilities underthose standards arefurther described in the Auditors responsibilities for the audit of the financial statements section of our report. We are ldeentof the charitable trust in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical resporsibilities in accordan with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a ba515 for our opin ion. Conclusions relating to going conrn We have nothing to report in respect of the following matters in relationto which the ISAS IUKI require us to report to you where.. the trustees, use of the goingconcem basis of accounting in the preparation of the financial statements is not appropriate- or the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charlS 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 information The trustees are respon5iblefor the otherinformatiOTL The other information comprises the information inclL¥Jed 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 information and we do not express any form of aUranCe conclusion thereon. In connectionwith our audit of the financial statements, 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 audit or otherwise appears to be materially mi5Stated. If. based on the work we have performed, we concludethatthere is a material misstatement of this other information. we are required to report that fact. We have nothing to report in this regard.
Oplnlon on other m*ters In our opinion, based on the work undertaken in the course of the audit- the information given in the Report of the Trusteesforthe financial yearfor which the financial statements are prepared is consistent with the financial statements.. and the Report of the Trustees has been prepared in accordance with applicable legal requirements. Matters on whith we are required to report by exptIon In lightof the knowledge and understanding of the charitable trust and its environment obtained in the course of the audit, we have not identified material mi55tatements in the Report of the Trustee5. We have nothing to report in respect ofthe following matters where the CharitiesArt 2011 requires us to report to you if, in our opinion= adequate accountirE 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 with the accounting records and returns- or certain disclosures of trustees, remuneration specified by law are not made- or we have not received all the information and explarbations we require for our audit. Responsibilities of trustees As explained more fully in the statement of Trvstees 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 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 charitable trusys ability to continue as a going concern, disck)sing, as applicable. matters relatedto goingconcernand usingthe going concern basisof accounting unlessthe trustees eitherintend towind up the charitabletrust or to cease operations. or have no realistic alternative but to do so. Our responsibilities for the audit of the financial Statements Our objectives areto obtain reasonable assuranceaboutwhetherthe finanaal 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 errorand are considered material If. individuallyor in the aggregate, they could reasonablv be expected to influence the economic decisions of users tsken on the basis of these financial ststements. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website atwWw.frc.org.uk/auditorsrespSIbI1ItIes.ThIS descriptirm forms part of our Report of the Independent Auditors. Andrew Baggott (Senior Statutory Auditor} for and on behalf of Clarke Nicklin LLP Chartered Accountants and Ststvtory Auditors Clarke Nicklin House Brooks Drive Cheadle Royal Business Park Cheadle Cheshire SK8 3TD
BROOME FAMILY CHARrrABLE TRusr STATEMENT OF FINANCIAL AcfiviTIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 28 FEBRUARY 2025 Notes Unrestricted Funds 2025 Total Funds 2025 Total Funds 2024 INCOMING RESOURCES Incoming resources from generated funds Gift Aid- Broome Management Co. Limwted Exceptional funds received 808,789 91,414 808,789 91,414 768,121 2,714 Total incoming resources 9(X),203 900,203 770,835 RESOURCES EXPENDED Cost of generating funds Costs of generating voluntary income Unrealised investment gain/Loss 6,028 1100,4241 6,028 1100,4241 1,204 167,5151 194,3961 194,3961 166,3111 NET INCOMING RESOURCES AVALIABLE 994,599 994,599 837,146 Charitable activities Charitable donations 1.115.415 1,115.415 1,164,150 Governance costs 2.772 2,772 2,640 Total resources expended 1.023,791 1.023.791 l.l(K).479 NET MOVEMENT IN FUNDS 1123,5881 1123,5881 1329,6441 Fund balances brought forward 3,181,250 3,181,250 3,510,894 TOTAL FUNDS CARRIED FORWARD 3,057,662 3,057,662 3,181,250
BROOME FAMILY CHARITABLE TRusr BALANCE SHEEr AS AT 28 FEBRUARY 2025 2025 2024 Note FIXED ASS5 Investments 1,369,213 1,268,789 CURRENT ASss Cash and bank 1.690,849 1,914,861 CREDITORS: Amounts due within one year 2,400 2,400 TOTAL ASss LESS CURRE1 LIABIUTIES 3,057,662 3,181,251 THE FUNDS OF THE CHARITY Unrestrirted funds 3,057,662 3,181,251 TOTAL CHARITY FUNDS 3,057,662 3,181,251 ON BEHALF OF THE TRUSTEES Trustee- Mr A Robinson Date..
BROOME FAMILY CHARITABLE TRusr NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 ACCOUNTING POLICIES 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 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 IFRS 1021 leffective l January 20151,, FinancialReporting Standard 102 'The Financial Reporting Standard applicable in the UK and Repiblic of Ireland, and thecharities Act 2011. The financial statements have been prepared under the historical cost convention. The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and republic of Ireland,: the requirements of Sertion 7 Statement of Cash Flows; the requirement of Section 3 Financial Statement Presentation paragraph 3.17ldl; the requirements of Section 11 Financial Instruments paragraphs 11.41lbl, 11.41lcl, 11.411el, 11.41lfl, 11.42. 11.44. 11.45, 11.47. 11.4813lliiil, 11.48lallivl, 11.48lbl and 11.481cl,' the requirement of Section 33 Related Party Disclosure paragraph 33.7. Investment assets Investments are stated at market value. Realised and unreali5ed gains and105ses on investments are dealt with in the Statement of Financial Activities. Income Income is reported gr05s. and 15 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 legally enforceable, with the exception of Eifts in kind. Such gifts in kind include the transfer of assets from other charities and organisations. which are not shown in the f inancial statements due to the ditticulty in quantifying and valuing them. Expenditure Costs directly relating to the objertives of the charity are included in charitable activities.
BROOME FAMILY CHARrrABLE TRusr NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 EXCEPMONAL FUNDS RECEIVED 2025 2024 Bank interest Tax Refund 91,414 2,714 91A14 2.714 TOTAL RESOURCE5 EXPENDED Charitable donations Other costs Total 2025 Total 2024 Costs of 8eneratin8 funds Costs of generating voluntary income Unrealised investment Igainllloss Total 6,028 1100.4241 194.3961 6,028 1100.4241 194.3961 1,204 167,515) 166,3111 Charitable artivities Charitable donations 1,115,415 1,115,415 1,164,150 Governan¢e costs Accountancy fees 2,772 2,772 2,640 1.115.415 191.6241 1.023,791 I.IIXl.479 TRUSTEESAND EMPLOYEES None of the trustees lor any persons connected with them) CeIved any remuneration during the year. Number of trustees and employees The average monthly number of trustees during the year was= 2025 2024 There were no employees during the year.
BROOME FAMILY CHARITABLE TRusr NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 FIXED Ass INVEsfMENTS 2025 2024 Unlisted Investments- Parmenion Capital Partners LLP Market value l March 2024 Additions Disposals Unrealised investment gain/llos51 1,251,583 1,184,068 100.424 67,515 Marketvalue 28 February 2025 1,352,007 1,251,583 Private company shares 172,055 lop Ordinary shares held in Broome Management Co. Limited 17.206 17.206 1,369,213 1,268,789 CREDITORS 2025 2024 Accountancy fee accrual 2,400 2,400 2,400