REGISTERED CHARITY NUMBER: 1089880 REPORT OF TIIE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR TIIE YEAR ENDED 31 DECEMBF.R 2024 FOR THE HR PRATT BOORMAN FAMILY FOUNDATION Sieplien Hill Mid Keni Lid Office I I Romney Marsh Business Hub Moiintfield Road New Romney Kent TN28 8LH
THE HR PRATh BOORMAN FAMILY FOUNDATION CONTENTS OF THE FINANCIAI. STATEMENTS FOII THE YEAR ENDED 31 DECF.MBER 2024 Page Reference And Administr#tlve Details Report of the Trustees Independent Examlner's Report Statement of FinAncial Aetivities Balance Sheet Notes to the Financlal Statemeiits Detailed Statement of Fillancfial Aelivities 12
THE HR PRA BOORMAN FAMILY FOUNDATION REFERENCE AND ADMINISTRATIVE DETLs FOR THE YEAR ENDED 31 DECEMBEII 2024 TRUSTKES Mrs C A Buchanan Ms H E F Walden-smith Mr R P Allinson Mr F Allinson Mr J Webb Ms E A E Buchanan PRINCIPAL ADDRSs Standen Fami Smarden Road Biddenden Ashford Kent TN27 8JT REGISTKRLD CHARITY NUMIIF.R 1089880 INDEPENDCI NT EXAMINER Stephen Hill Mid Kent Ltd oirice I I Romney Marsh Business Hub Mountficld Road New Romney Kenl TN28 8LH SOLICITORS BeThvin Lcighton Paisner LLP Adelaide Flouse London Bridge London EC4R 9HA BANKERS CAF Bank 25 Kings Hill Avenue Kings Hill West Malling Kent ME194JQ Page I
THE HR PRA BOORMAN FAMILY FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAK ENDED 31 DECEMBER 2024 The li'ustees present their report with tlie financial statetnents of the cliarity for the ycar ended 31 December 2024. The tiwstces have adopted the provisions of Aeeounting and Reporting by Cl)arilies- Statement of Recommended Practice applicable to cliaritics preparing Ilieir accounts in accordance witli the Financial Reporting Stsndard applicable in tlie UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJFCTIVES AND ACTIVITIES Objectives and aims The principal aims of the eharity are the relief of poverty, unemployment, thc advancement of education and other cliarilable Plirposes as defined in the charity's trust deed. Public benefit stAtement Tlie trustees confirm tliat Ihey have complied with the duty in S17{5) of tlie Cliariiies Act 201 I to liave due regard to the Chai'ity Coirnnission's guidance on public benefit when setting lip their grant making policy for the year in oi'dei. to aclii¢ve ils aims and objectives. The li'ustees are satisfied that all granls made during the year are for the benefit of the public and that the benefit of each and every grant is clearly identifiable. ACHIEVEMENT AND PERFORMANCE Tlie charily's pi'in¢ipal activity during the period was the provision of 8wards lo deserving causes in Ihe fuilhei'ance of ils aims. Tlie financial stalemcnls and a¢companying noles fairly reflect Ihc tolality of die income and costs of tlie chai'ity. It is not dcpcndcnl on the seiwices of the unpaid volunteers. donations in kind, or other intangible income. STIIUCI'URL, GOVERNANCE AND MANAGEMENT Govei'iiiiigy docunienl The HR Pi'all Elooi'man Family Foundation is consliluted under a deed Irust dated 19th June 2001 as amended by a deed of variation dated 28th November 2001. Trustee appolntment And orgAnlsatlon The mcmbLI'ship ol. Ilie board of trustees is detailed on page l. The trustees meet regularly to abree the strategy of the charily, including consideration of grant making. The trustees also consider investment, reserves and risk management policies, The trustees meet at least twice 8 year under the tern]s of the trust deed. New tNstees must be appointed by a resolution of the Iruslees. There should be a minimum of three and a maximum of fifteen Iwslees. No restrictions are placed by the liusl d¢ed on the trustees power lo invest. Inductlon aiid ti'alnlng of new trustees New Iruslees are pi'ovidcd with a copy of thc Irusl deed dal¢d 19tli June 2001 as amended by a deed of vai'iation dated 28tli Novcmbei. 2001, and are fully infonned of their obligations under charity law. Trustees are eiicoui'aged to attend appi'oprialc exleinal Courses to enable them to carry out their role. Page 2
THE HR PRArr BOORMAN FAIlLy FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ELYDED 31 DECEMBER 2024 FINANCIAL REVIEW Financial position Tlie inveslmcnt portfolio relates lo a charities investment fund and is profcssionally managed by CCLA Investment Manageinenl Ltd who opcrdle within specific guidelines that are set out and regularly reviewed by Ihe truslees. The strategy is to rnaximise tolal returns witliin a¢eeplable levels of risk. The associated costs were borne on a ¢ommission basis per transaction undcrtaken in the portfolio. Dividends were received from the investment portfolio of £25,444 (2023.. £25.093). The trustees are satisfied that this level of cash is sufficient to fund the working capilal requirements of the Foundation for the foreseeable tre. IiEI sri IIVES POLICY Tlie trustees are pemiilted by the trust deed to accumulate unrestricted funds, which are tlie free reserves of th¢ Chai'ity. as they see fit. CuiTenily the charity's fund includes £956.760 (2023.. £933.028) of unrestricted funds. This piovides sufficient funds to covei. administration costs and respond to donation requests. The Trustees objective is to accuinulate rcsei'ves uf £1,000,000. GRANT MAKING POI,ICY 'I'he cliarity invites appliLations for awards from both individual and organisations. The applicalions are reviewed by the li-uslees befoi'e awards are made. All granls made are in line with ils charitable objectives. INVESTMENT POLICY Fi'oin linie lo linie the Ii'iislees may tske professional advice as to the b¢st investment policy for their portfolio. Sl'RUC'fuRL, GOVERNANCE AND MANAGEMENT Governing docuillenl The chai'ity is controlled by ils governing document. a deed of trust and constitutes an unincoOrated chai'ity. Approved by order of the board of liwstees on ........-..- .......... . and signed on ils behalf by: Mi's C A Buchanan - Trustee Page 3
INDEPEf4DENT EXAMINER'S REPORT TO THE TRUSTEES OF THE FIR PRArf BOORMAN FAMILY FOUNDATION Independeiit examiner's report to the trustees olThe HR Pratt Boorman Family Foundation report to tl)e charity trustees on my exaiy]inalion of ihc accounts of Tlie HR Pratt Boornian Family Foundation (the Trust) for the year ended 31 December 2024. Responsibilities and basi5 of report As tlie cliarity trustees of the Trust you are responsible for the preparation of tlie accounts in accordance with the reqiiir¢m¢nts of tlle Charities Acl 2011 ('the Act,). I repoi't in respect of my examination of the Trust's accounts caled out under Seelion 145 of tlie Act and in carrying out my examination I have followed all applicabl¢ Directions given by tlle Charity Commission under Section 145{5)(b) of die Act. Independent exAmine)"s statement I have completed my ¢Xic minalion. I confinn that no material matters have come to my attention in ¢om)ection with the exainination giving me cause to believe that in any material respect- accounting records were not kept in respect of the Tt as required by Section 130 of the Act: or the aecounls do not accord with those records. or the accounts do not comply with the applicable requirements conceming the forni and content of accounts sel out in the Charities (Accounts and Reports) Rcgulalions 2008 other than any requirement that the Accounts. give a li'ue and fair view which is not a mattcr considered as part of an independenl examination. I have no conccrns and have come across no oihcr mattels in connection wilh Ihe examination to which attention sliould be di'awn in this report in order to enable a proper understanding ofthe accounts to be i'eaclied. Timothy NB Lister The Institute of Chartered Accounlanls in England and Wales Slepl)en Hill Mid Kent Lid Olce I I Roniney Marsh Business Hub Moithifield Road New Roniiiey Kent TN28 8LH Page 4
THE HR PRATT BOORMAN FAMILY FOUTr4DATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBEII 2024 31.12.24 Total funds 31.12.23 Total funds Unrestrlctsd fund Resiricted fund Notes INCOME AND ENDOWMENTS FROM Inveslinent income 25,467 25,467 25.113 XPCI Nl)ITURE or4 Cllaritable activitles Grants Govemance cosls 21,954 430 21,954 430 21,863 79 Total 22.384 22,384 21,942 Net gains on investments 20,649 20.649 76,925 NET INCOME 23,732 23,732 80.096 RECONCILIATION OF FUNDS Total funds brought forward 933,028 933,028 852,932 TOTAL FUNDS CARRIED FORWARD 956,760 956,760 933,028 The notes fonn part of these financial statements Page 5
THE HR PRATT BOORMAN FAMILY FOUNDATION BALANCE SHEET 31 DECEMBER 2024 31.12.24 Total funds 31.12.23 Totsl fimds Unrestricted fund Rcstricted fund Notes FIXEI D ASSETS Investments 934,714 934,714 914.065 CURRENT ASSETS Prepaymcnls and accrued income Cash in hand 6,324 16.082 6,324 16,082 6.324 13,119 22.406 22,406 19.443 CREDITORS Aniounls fallin8 due within one year (360) {360) (480) NET CURRENT ASSETS 22,046 22,046 18,963 i'o'rAL ASSETS LESS CURRENT LIABILIT'IES 956.760 956,760 933,028 NET ASSETS 956,760 956,760 933,028 FUNDS Unresli-icled funds.. General fund 956,760 933,028 TOI'AL FUNDS 956.760 933,028 The financial slatemenls were approved by the Board of Twstees and authorised for issue l.m l.tslX........ and were signed on its behalf by.. on Mi's C A Buchanan - Trustee The notes forni part of these financial statements Page 6
THE HR PRATh BOORMAN FAMILY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES Basis of prepai'ing the financial statements The fI[n¢121 statements of Ilie charily, wliieh is a public benefit eniily under FRS 102. Iiave been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Ststement of Recomtnended Practice applicable to charities preparing tlieir accounts in accordance wlili tlic Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (¢ffective l January 2019),. Financial Repoiting Standard 102 'The Financial Reporting Standard applicable in tlic UK and Republic of Ireland, and the Charities Act 2011. The financial stalements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the i'evalu8tion of Certain a&s¢ts. Income All income is recognised in the Stalcment of Financial Activities once the charity has entstlement to the funds, it is pi'obable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expcndilurc as soon as there is a legal or ¢onslrnclive obligation committing tlie ¢harity to that expenditure, it is probable that a transfer of economic benefits will be required in setilcment and thc amount of the obligation can be measured reliably. Expenditure is accounted for on an accrnals basis and has been classified undcr headings Ihal awegate all cost related to tlie category. Where costs cannol be directly atli'ibuled to particular headings they have been allocated to activities on a basis ¢onsistent with the use of retsources. Grants offered subject to conditions which have not been met at the year end date are noled as a commitm¢nt but not accrued as expenditure. Taxatlon The charity is exempl from lax on ils charitable 8¢tivities. Fuiid accounlliig Unresli'icted funds can be used in accordance with the charitable objectives al the discretion of the truslees, Reslricled funds CAn only be used for particular reslricied purposes within the objects of tlie ¢harity. Restrictions arise when specified by the donor or when funds are raised for particular restricted pui'poses. Fui'iher explanation of the nature and purpose of e¥¢h fijnd is included in the notes to the financial stalements. INVESTMENT INCOME 31.12.24 31.12.23 Deposit a¢¢ount iiiterest Divideiids i'eceived 23 25,444 19 25,094 25,467 25,113 Page 7 continued...
THE HR PRATT BOORMAN FAMILY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 TRUSTEES, REMUIYERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 December 2024 nor for the year endcd 31 December 2023. Trustees, expense5 There were no trustees, expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. COMPARATIVLS FOR THE STATEMENT OF FINANCIAL AcfiviTILS Unrestricted fund R¢stricted fund Total funds INCOME AND ENDOWMEIYTS FROM Investment income 25.113 25,113 EXPF.NDITURE ON ChArltable Activltles Grants Governance costs 21,863 79 21,863 79 TotAI 21,942 21,942 Net gains on investments 76,925 76,925 NEI, INCOME 80,096 80.096 RECONCILiATION OF FUNDS Total fiinds broiighi forward 852,932 852,932 TOTAL FUNDS CARRILD FORWARD 933,028 933,028 STAFF COSTS The ¢harity has no employees in the current or prior year. Page 8 continued...
THE EIR PRATT BOORMAN FAMILY FOUNDATION NOTES TO THE FINANCtAL STATEMENI'S- continued FOR THE YEAR ENDED 31 DECEMBER 2024 FIXCD ASSET INVESTMENTS Charities Investment Fund MARKET VALUE At l January 2024 Revaluations 914,065 20,649 At 31 December 2024 934.714 NET BOOK VALUE Ai J l Deeember 2024 934,714 At 31 December 2023 914,065 There were no inv¢slment asse15 outside the UK. Cost or valualion at 31 December 2024 is represented by: Charities Investment Fund Valuation in 2024 934,714 CIiLDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Other creditors 360 480 MOVEMENT IN FUNDS Net Inoveinent in funds At 31.12.24 Ai 1.1.24 Uni'esti'icted fuiids General fund 933,028 23,732 956,760 TO'I'AL FUNDS 933,028 23,732 956,760 Net movement in filnds, included in the above are as follows.. Incoming resources Resources expended Gains and losses Movenient in fund5 Unresli'icted funds Geiieral fund 25,467 {22,384) 20,649 23,732 TOTAL FUNDS 25.467 (22.384) 20.649 23,732 Page 9 continued...
THE HR PRA BOORMAN FAMILY Fouf4DATION NOTES 1,0 THE FINANCIAL STATEMENTS- contijjued FOR THE YEAR ENDED 31 DECEMBER 2024 MOVEMENT IN FUNDS- continued CompAratives for movement in funds Ne¢ movement in fijnds At 31.12.23 At 1.1.23 Unrestricted funds General fund 852,932 80,096 933,028 TOTAL FUNDS 852,932 80.096 933.028 Comparative net movement in funds, included in the above are as follows: In¢oming resources Resources expended Gains 2nd losses Movement in funds Unresli'icted funds General fund 25,113 (21,942) 76,925 80,096 TO'fAL FUNDS 25,113 (21,942) 76,925 80,096 A cutTent year 12 tnonths and prior year 12 months combined position is as follows: Nel movement in funds At 31.12.24 At 1.1.23 Unrestrletcd funds Gencral fund 852,932 103,828 956,760 TOTAL FUNDS 852,932 103.828 956,760 A cun'ent year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows.. Incoming resources Resoui'ces expended Gaiiis and losses Moveineiit in funds Uni'cstrleted fuiids General fund 50.580 (44,326) 97.574 103,828 TOTAL FUNDS 50,580 (44,326) 97,574 103,828 Page 10 continued...
THE HR PRA BOORMAN FAMILY FOUNDATiof4 f40TES TO THE FINANCIAL STATEMENTS - Continued FOR THE YEAR ENDED 31 DECEMBER 2024 RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 Decetnber 2024. Pagell
THE HR PRA BOORMAN FAMILY FOUIYDATIOiY DETAILED STAI'EMEN'I. 01," Tr"INANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 31.12.24 31.12.23 INCOME Af4D ENDOWMENTS Investment income Deposit account interest Dividcnds re¢¢ivcd 23 25,444 19 25,094 25,467 25,113 TotAI incoming resources 25,467 25,113 EXPENDITURE Cliarltable activities Grants lo institutions 21.954 21.863 Support costs FlllAn¢e Bank cliarges 70 79 GovernAnce costs Independent examination fees 360 Total resources expended 22,384 21,942 Net Income before gAlns And losses 3,083 3.171 Reallsed reco811Ssed gAlii$ and losses Realised gainsl{losses) on fixed asset investments 20,649 76,925 Net iiicome 23,732 80,096 This page does not forni part of the statutory financial statements Page 12