THE BOSTOCK FOUNDATION
REGISTERED CHARITY NUMBER 1087920
ACCOUNTS
YEAR ENDED 5°! APRIL 2025
THE BOSTOCK FOUNDATION
INDEX TO ACCOUNTS
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|---|---|---|---|
|Page|
|Trustees’|Annual Report|1-3|
|Balance|Sheet|4|
|Schedule|of Investments|5-7|
|Statement|of Financial|Affairs|8|
|Notes|to|the Accounts|9-10|
|Independent Examiner’s|Report|1]|
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THE BOSTOCK FOUNDATION
TRUSTEES’ ANNUAL REPORT
1. REFERENCE AND ADMINISTRATION 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: nbostock@aol.com BANKERS: Barclays Bank plc 15 Market Square Stafford ST16 2BE INDEPENDENT Mrs Linda Bond EXAMINER: 198 Tixall Rd Stafford ST16 3UE.
STRUCTURE, GOVERNANCE AND MANAGEMENT.
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 which constitutes permanent endowment of the Charity) of the Trust Fund to or for such charitable institutions or other charitable 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 Nicholas Bostock. Each of the three Trustees selects from time to time charitable institutions 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.
1
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 funds of the Foundation are actively managed on the Trustee’s behalf by EFG Harris Allday, Stockbrokers. Mr Nicholas Bostock meets with a director of the firm on a quarterly basis, at which the investment performance is measured and any changes agreed.
3. FINANCIAL REVIEW
The Foundation recorded a deficit in the year of £32,592 compared with a surplus in the previous year of £29,736. The main reason for the deficit was the decrease in valuation of investments of £40,245. The income of the Foundation, after expenses, but before grants, was £24,353 (2024 £22,680), and grants paid to charitable institutions totalled £15,000 (2024 £16,200). The net assets of the Foundation at the year end totalled £961,092 (2024 £993,684).
4. Reserves
The Trustees maintain sufficient reserves to fund future grants for at least two years ahead, the level of grants being currently £25,000. The actual unrestricted fund at 5” April 2025 is £961,092 and includes surplus income, after deducting grants to date, of £157,138.
5. Statement of Trustees’ Responsibilities
The Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Law 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 trustees are required to: ¢ select suitable accounting policies and then apply them consistently:
-
make judgements and estimates that are reasonable and prudent:
-
prepare the financial statements on the going concern basis unless it is The inappropriate to presume that the charity will continue in operation. Trustees are responsible for 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 safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities
2
2025
6. 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
3
THE BOSTOCK FOUNDATION
| BALANCESHEET | ASAT5thAPRIL2025 | ASAT5thAPRIL2025 | |||
|---|---|---|---|---|---|
| Page | 2025 | 2024 | |||
| ASSETS: | £ | £ | |||
| INVESTMENTS | |||||
| AtValuation | 7 | 927,459 | 984,483 | ||
| CURRENT ASSETS | |||||
| Debtors Cash atBank |
9 9 |
34,230 403 |
4,534 8,767 |
||
| CURRENT LIABILITY | |||||
| Creditors | 9 | ~1,000 | -1,100 | ||
| NETCURRENTASSETS | 33,633 | 9,201 | |||
| NETASSETS | £961,092 | £993,684 | |||
| REPRESENTED BY: | |||||
| UNRESTRICTED FUNDS | 8 | £961,092 | £993,684 | ||
| ApprovedbytheTrusteeson | 2025 |
N.S.G.Bostock
S.N.Bostock
Mrs Olivia Gerrish
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THE BOSTOCK FOUNDATION
:
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5TH APRIL 2025
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|---|---|---|---|---|---|---|
|SSS|
|Page|2025|2024|
|INCOMING|RESOURCES|-|UNRESTRICTED|FUNDS|£|£|
|DIVIDENDS|&|INTEREST|
|UK Government Stock|Interest|-|Gross|5|1,213|1,165|
|UK|Dividends|7|21,704|20,771|
|UK|Property Income|Distributions|- Gross|7|3,758|3,472|
|Overseas|Bonds|Interest|- Gross|7|44|73|
|Foreign|Dividends|- Gross|7|284|252|
|Bank|Interest Received|- Gross|263|207|
|TOTAL|INCOMING|RESOURCES|27,263|25,940|
|RESOURCES|USED|-|UNRESTRICTED|FUNDS|
|Grants|10|-15,000|-16,200|
|Professonal|Fees|-850|-1,350|
|investment Custody|Fee|-2,017|-1,872|
|Foreign|taxation|-43|-38|
|-17,910|-19,460|
|NET INCOMING|RESOURCES|9,353|6,480|
|GAIN|(LOSS)|ON|INVESTMENTS|
|Loss|(Gain) on|Revaluation|of investments|-40,245|23,256|
|Loss|on|sales|of investments|-1,700|-|
|NET MOVEMENT|IN|FUNDS|-32,592|29,736|
|BALANCE|B/F 6TH APRIL 2024 (2023)|993,684|963,948|
|BALANCE|C/F 5TH APRIL 2025|(2024)|4|£961,092|£993,684|
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8
THE BOSTOCK FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2025
————eee DEBTORS 2025 2024 Stockbrokers' £ £ income Tax RecoverableClient Account 34,230 1,442 - 92 £34,230 £1,534 CASH AT BANK Deposit Account 1,402 9,766 Current Account -999 -999 £403 £8,767 CREDITORS Accountancy Fees £1,000 £1,100
9
THE BOSTOCK FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2025
| eee | eee | eee | eee | eee | eee |
|---|---|---|---|---|---|
| GRANTS | RECOMMENDEDBY | BY | TOTAL | TOTAL | |
| N.S.G.Bostock | §.N.Bostock | O.Gerrish | 2025 | 2024 | |
| £ | £ | £ | £ | ||
| Foundation Derbyshire LicencedTrade Charity Rhinology&Laryngology Reseach Fund Ripon Cathedral StJame's Church Bonsal The MontgomeryWaterway Restoration Trust TheYarletTrust Tixall Parochial Church Council |
5,000 7,000 500 |
1,000 2,000 |
500 2,000 1,000 |
500 1,000 2,000 2,000 1,000 5,000 1,000 500 |
|
| UpperNidderdaleWath Methodist Chapel | 500 | 500 | |||
| Yorkshire AirAmbulance | 1,500 | 1,500 | |||
| £6,500 £5,000 —o—lE=—=— |
£3,500 £415,000 rr |
£16,200 ——————_ |
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 2025, which are set out on pages | to 9, is in respect of an examination carried 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 of 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 terms 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 unusual items 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 evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent Examiner’s Statement
In connection with my examination, no matter has come to my attention:
-
1) Which gives me reasonable cause to believe that in any material respect the requirements
-
¢ to keep accounting records in accordance with section 41 of the Act: and
-
e to prepare financial statements which accord with the accounting records and to comply with the requirements of the Act and Regulations
have not been met; or
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2) to which, in my opinion, attention should be drawn in order to enable a
proper understanding of the financial statements to be reached.
Mrs \O sh yrPB Bags: .
198 Linda [Tixall] Bond [Road] 4} i\< . / 2025 |
Stafford ST16 3UE
11
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THE BOSTOCK FOUNDATION ALLOCATION OF INCOME FOR GRANTS TO CHARITIES AS AT 5TH APRIL 2025
| Net Income brought forward Yearto 5th April 2025 |
NSGB £ 135,390 8,117 |
SNB £ 135,390 8,118 |
OG £ 135,389 8,118 |
TOTAL £ 406,169 24,353 |
|---|---|---|---|---|
| DEDUCT: | 143,507 | 143,508 | 143,507 | 430,522 |
| GRANTS MADE: | ||||
| Broughtforward Yearto5th April 2025 |
104,301 6,500 |
103,686 5,000 |
50,397 3,500 |
258,384 15,000 |
| 110,801 | 108,686 | 53,897 | 273,384 | |
| Incomesurplus carried forward | £32,706 £34,822 —=>==—E=E—E—e |
£89,610 | £157,138 |
Note: This page does not form part of the main accounts.