THE BOSTOCK FOUNDATION REGISTERED CHAIUTY NUMBER 1087920 ACCOUNTS YEAR ENDED 51H APRIL 2024
THE BOSTOCK FOUNDATION INDEX TO ACCOUIYTS Trustees, Annual Report Balance Sheet Schedule of Investments Statement of Financial Affairs Notes to the Accounts 9-10 Independent Examiner's ReporL
THE BOSTOCK FOUNDATION 'rRUSTEES' ANNUAL REPORT I. REFERENCE AND ADMINISTRATIOIN DETAILS TRUSTEES: Mr Nicholas Bostock DL, FCA Air Commodore Simon Bostock DL, RAF (Retired) Mrs Olivia Gerrish SECRETARY: Mr N.S.G.Bostock DL, FCA Tixall Lodge Tixall Stafford ST18 OXS Telephone: 01785 662626 Email= iibostcick" LD'aol.iom BANKERS: Barclays Bank plc 15 Market Square Stafford ST16 2BE INDEPENDENT EL4MINER: Mrg Linda Bond 198 Tixall Rd Stafford ST16 3UE. STRUCTURE, GOVERNANCE AND IWAGEMENT. The Bostock Foundation was created by a Trust Deed dated 19 April 2001, the Founder being Mr Godfrey Bostock who died on 19 August 2008. The Trustees hold the Trust Fund and the income of it upon trust, first to pay from it all the proper costs and expenses incurred by the Trustees in administering the Charity and the Trust Fund, and, subject to that, to pay or apply the income (but not the Capital ivhich constitutes permanent endowment of the Charity) of the Trust Fund to or for such charitable institutions or other ch{ltable objects in any part of the world as the Trustees in their absolute discretion think fit to support or establish. The Trust is administered by Mr N-icholas Bostock. Each of the three Trustees selects from time to rne charitable instituttons that he or she wishes the Foundation to support, so that the total donations recommended by each Trustee approximates to no more than one third of the net annual income of the Foundation after expenses. The donations are subject to the approval of all Trustees and the cheques must be countersigned by two of them. The appointment of Trustees is in accordance with paragraph 4.1 of the Trust Deed.
OBJECTIVES AND ACTIVITIES The objectives of the Foundation are to support United Kingdom charitable institutions generally. The Foundation does not conduct any fundraising or other activities. 2. ACHIEVEMENTS AND PERFORMANCE. The investment fLmds of the Foundation are actively nvdnaged on the Trustee's behalf by EFG HalS Allday, Stockbrokers. Mr Nicholas Bostock meets with a director of the firni on a quarterly basis, at which the investment perforniance is measured and any changes aeed. 3. FINANCIAL REVIEW The Foundation recorded a surplus in the year of £29,736 cornpar with a deficit in the previous year of £129,212. The main reason for the surplus was the increase in valuation of investments of £23,256 The income of the Foundation, after expenses, but before grants, was £22,680 (2023 £22,139), and antS paid to charitabl¢ institutions totalled £16,200 (2023 £16,950). The net assets of the Foundation at the y¢ar ¢nd totall¢d £993,684 (2023 £963,948). 4. Reserves The Trustees maintain sufficient reserves to fund future antS for at l¢ast two years ahead, the level of grants being currendy £25,000. Thc actual unrestricted nd at 5 April 2024 is £993,684 and includes surplus income, after deducting grants to date, of £147,785. 5. Statement of Trllstees, Responsibilities The Trnstees are responsible for preparing the Annual Report and the financial statements in accordance with applicablc law and regulations. Ldw applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year 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 statements, the tnistees are required to: select suitable accounting policies and then apply them consistently. make judgements and estimates that are reasonabl¢ and prudent: prepare the financial statements on the going concern basis unless it is inappropriate to Presume that the charity will continue in operation. The Trustees are responsible t'or keeping accounting records that disclose with reasonable accuracy the financial position of the charity and which enable them to ascertain the financial position of the charity and which enable them to ensure that the financial statements comply with applicable law, regulations and Trust Deed. They are also responsible for safeguaTding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregldarities
- DECLARATION The Trustees declare that they have approved the Trustees, Report above. Signed on behalf of the Charity's trustees: N.S.G. Bostock, Trustee 2024
THE BOSTOCK FOUNDATION BALANCE SHEET AS AT 5th APRIL 2024 Pa 2024 2023 ASSETS: INVESTMENTS At Valuation 984,483 948,027 CURRENT ASSETS Debtors Cash at Bank 1,534 8,767 681 16,090 CURRENT LIABILITY Creditors -1,100 -850 NET CURRENT ASSETS 9,201 15.921 NET ASSETS £993,684 £963.948 REPRESENTED BY.. UNRESTRICTED FUNDS £993,684 £963.948 Approved by the Trustees on 2024 N.S.G.BostoGk S.N.8ostock Mrs Olivia Gerrish
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THE BOSTOCK FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5TH APRIL 2024 Pa 2024 2023 INCOMING RESOURCES - UNRESTRICTED FUNDS DIVIDENDS & INTEREST UK Government Stock Interest - Gross UK Corporate Bond Interest - Gross UK Dividends UK Property Income Distributions - Gross Overseas Bonds Interest - Gross Foreign Dividends - Gross Bank Interest Received Gross 1,165 1.034 1.313 19,404 3,216 75 104 35 20,771 3,472 73 252 207 TOTAL INCOMING RESOURCES 25,940 25,181 RESOURCES USED- UNRESTRICTED FUNDS Grants Professonal Fees Investment Custody Fee Foreign taxation 10 -16,200 -1,350 -1,872 -38 -19.460 -16.950 -1,100 -1,942 -19,992 NET INCOMING (OUTGOING) RESOURCES 6,480 5,189 GAIN (LOSS) ON INVESTMENTS Gain (Loss) on Revaluation of investments Profit on sales of investments 23,256 -141,504 7,103 NET MOVEMENT IN FUNDS 29.736 -129,212 BALANCE BIF 6TH APRIL 2023 (2022) 963,948 1,093.160 BALANCE CIF 5TH APRIL 2Q24 {2023) £gg3,684 £963,948
THE BOSTOCK FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2024 DEBTORS 2024 2023 Stockbrokers, Client Account Income Tax Recoverable 1,442 92 £1,534 38 643 £681 CASH AT BANK Deposit Account Current Account 9,766 -999 £8,767 16,839 -749 £16,090 CREDITORS Accountancy Fees £1,100 £850
THE BOSTOCK FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2024 GRANTS RECOMMENDED BY TOTAL N.S.G.Bostock S.N.Boslock O.Gerrish 2024 TOTAL 2023 Child Health Advise CLtre Parkinson's Women's Sport Trust Open Country Parkinson's UK The Montgomery wateaY Restoration Trust Tixall Parochial Church Council Yorkshire Air Ambulanc6 2,000 2,000 500 5,000 1,000 500 5,000 500 1,700 £2,000 £16,200 500 5,000 1,000 500 5,000 500 1,700 £8,700 £5,500 £16,950 10
THE BOSTOCK FOUNDATION Independent Examiner's Report to the Trustees of the Bostock Foundation. This report on the financial statements of the Bostock Foundation for the year ended 5 April 2024, which are set out on pages I to 9, is in respect of an examination carrled out in accordance with s.43 of the Charities Act 1993 ('the Act"), as amended by Section 28 of the Charities Act 2006. Respective Responsibilities of the Trustees and the Examiner As Trustees you are responsible for the preparation ot. financial statements. you consider that the audit requirement of Section 43 (2) of the Act does not apply. It is my responsibility to issue the report on those financial statements in accordance with the tern]s of the Regulations, and to state whether particular matters have come to my attention. Basis of the Report My examination was carried out in accordance with General Directions given by the Charity Commission under section 43 (7)b of the Act,. That examination includes a review of the accounting records kept by the Trustees and a comparison of the accounts with those records. It also includes considering any uiiusual itcms or disclosures in the financial statements and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evid¢nce that would be required in an audit, and consequently I do not cxpress an audit opinion on the view Ven by the accounts. Independent Examiner's .Statement In connection with my examination, no matter has come to my attention: i) Which VeS me reasonable cause to believe that in any material respect thc requirements to kecp accounting records in accordance with section 41 of the Act: to prepare financial statements which accord with the accounting records and to comply with the requirements of th¢ Act and Regulations have not been met. or 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the fLnancial statnentS to be reached. Mrs LAnda Bond 198 Tixall Road Stafford STI 6 3UE Jv JLI uJl . 2024