THE BOSTOCK FOUNDATION REGISTERED CHARrrY NUMBER 1087920 ACCOUNTS YEAR ENDED 5TH APRIL 2024 THE BOSTOCK FOUNDATION INDEX TO ACCOUNTS Pa Trustees, Annual R¢port Balance Sheet Schedule of Investments Statement of Financial Affairs Notes to the A￿Unts 9- 10 Independent Examiner's Report THE BOSTOCK FOUNDATION TRUSTEES, ANNUAL REPORT I. REFERENCE AND ADMINlS'fL4TION DETAILS TRLiSTEES: Mr Nichol￿ Bostock DL. FCA Air Commodore Si5non Bostock DL, RAF {Retsred} Mrs Olivia Gerrish SECRETARY.. Mr N.S.G.Bostock DL, FCA Tixalfft Lodge Tixail StatTord Sl'18 OXS Telephone: 01785 662626 Email-. Iibi15tock i.'aol.LOIYI BANKERS.. Barclays Bank plc 15 Market Square Stafford ST16 2BE INDEPENDENT EXAMINER.. Mrs Lmda Bond 198 Tixall Rd Stafford ST16 3UE. STRUCTURE. GOVERNANCE AND MANAGEMENT. The Bostock Foundation was creaied by a Ttusi D¢ed dated 19, April 2001, the Ib Founder being Mr Godfrey Bostn¢k who died on 19 August 2008. The frustees hold the TTh￿t Fund and the income of it upon tn￿¢ first to pay from it all the proper costs and expenses incu￿ed by the Trustee5 in administering the ChaTity and the Trust Fund. and, subJeu% to that. io pay oi- apply the income (but not the Capital which Lonstitutes pemianent endowmeni of the Chan'tyl of the TTUSt Fund to or for such chantable instituttons or other chantable objects in any part of the world as the Tn2Siees in their absolute discretlon think fit to support or establish. The Trust is dministered by Mr Nicholas Bostock. Each of the three Trustees ¥elects from time to time charitable institutions that he or she wish¢s the Foundation io support, so thal the total donations recommended by each Trustee approximates to no more than one third of the ner annual incoTn¢ of the Foundab'on dfter expenses. The donations are subject to the approval of all Trustees and the cheques must b¢ countersigned by two of th¢m. The appointment of Tru8tees is En accordance with paragraph 4.1 of the Trust Deed. ORJECTIVES AND ACTIVITIES The objectives of the Foundation are to support United Kingdom clwitable institutions generally. The Foundation does not conduct any fundraising or other activiti￿. 2. ACHIEVEMENTS AND PERFORMANCE. The investment funds of the Foundation are actively managed on the Trustee's behalf by EFG HaTris Allday. Stockbrokers. Mr Nicholas Bostock meets with a director of the firm on a quarterly basis, at which the investment perfomiance is measured and any changes a￿eed. 3. FINAIYCIAL REVIEW The Foundation reeorded a Surplus in the year of £29.736 compared with a deficit in the previous year of £129,212. The main reason for the sulplus was the increase in valuation of investments of £23.256 The incom¢ of the Foundation, after expenses. but before grants, was £22,680 (2023 £22,139), and grants paid to charitable institutions totall￿ £16,200 (2023 £16,950). The net assets of the Foundation at the year end totalled £993,684 (2023 £963,948). 4. Reserves The TTUStees maintain sufficient reserves to fund futlwe grants for at least two years ahead, the level of grants being cu￿entlY £25,000. The actual unrestricted fund at 5 April 2024 is £993:684 and includes surplus income. after deducting grants to date, of £147,785. 5. Statement of Trustse5' Responsibilities The Trustees are responsible for preparing the Annual Report and the financtal statements in accordance with applicable law and regulations. Law applicable to charities in England and Wales requires the TTh￿te¢s to prepare fmancial statements for each financial y¢ar which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing these financial statem¢nts, the trustees are requiTed to.. select suitsble accounting policies and then apply them consistently. make judgements and estimates that are reasonable and prudent: pr¢pare the financial statements on the going concern b&8is unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping accounting records that disclose with reasonable accuracy the fllwicial position of the charity and which enable them to ascertain the financial position of the chartty and which enable them to ensure that the financial statements comply with applicable law, regulations and Trust Deed. They ar¢ also respon5ibl¢ for safeguarding the assets of the charity and hence for taking reasonable st￿S for the prevention and detection of fraud and other irregularities 6. DECLARATJON The Trustees declare that they have approved the Trustees, Report above. Si￿ed on behalf of the Charity's trustees: N.S.G. Bostock, Trustee 2024 THE BOSTOCK FOUNDATION BALANCE SHEET AS AT 5th APRIL 2024 2024 2023 ASSETS: INVESTMENTS At Valuation 984,483 948,027 CURRENT ASSETS Debtors Cash al Bank 1,534 8,767 16,090 CURRENT LIABILITY Creditors -1,100 -850 NET CURRENT ASSETS 9,201 15,921 NET ASSETS £993,684 £963,948 REPRESENTED BY.. UNRE TRICTED FUNDS £993,684 £963,948 Approved by the Tnjslees on 2024 N.S.G.Boslock S.N.Boslock Mrs Olivia Gerrish < IOLr) W o O 0￿0 - C U) o(0 o Gi £ ￿)[L 00¢￿40