Reglsterod company no: 05283336 Registerad charity no: 1107032 The Kenneth and Barbara Boardman-weston Charltable Trust Roport and Flnanclal Statgments for tho y•ar ondod 31 Docombor 2024 Independently examined by,, The Rowleys Partnership Ltd Chamwo¢)d Hous8 Harcourt Way Meridian Business Park Leicester LE19 1WP
The Kenneth and Barbara Boardman-W•ston Charitable Trust Report and Financial Statements for the year ended 31 December 2024 Contents Page Chadty infomiation Truste8s' Annual Report (Includlng Directors, Report) Ind8pendant Examlners Report Statement of Financial Activitles Balance Sheet Notes to the Financlal Statements 8-10
The Kenneth and Barbara Boardman-weston Charitable Trust Report and Financial Statements for the year ended 31 December 2024 Charity Information Reglstered Company number 05283336 Registered Charlty number 1107032 Dlredors J A W Boardman-weston S N H Boardman-We$ton T K C Boardman-weston D G W Boardman-weston Registered Office 1 St Helen's Court North Str88t Ashby4&la-Zouch Leicèst8rshlre LE65 1 HS Independent Examlner8 The Rowleys P8rtnershlp Ltd Chartered Accountants Chamwood House Harcourt Way Meridian Buslness Park Lgic8Ster LE19 1WP Bank8r8 Handelsbank8n Nottlngh8m Ropewalk Branch Ground Floor 22a The Ropewalk Nottingham NG15DT
The Kenneth and Barbara Boardman-weston Charitable Trust Report and Financial Statements for the year ended 31 December 2024 Trustees, Annual Report (Including Directors. Report) The Directors of the charitsble company are its Trustees for the purpose of charity law and are named throughout this report as Directors. The Directors submit their report and the financial statements of th8 charity for the year ended 31 December 2024. The Directors have adopted the provisions of the Statement of R6commended Practice ISORP) 'Accounting and Reporting by Charities. in preparing the annual report and financial statements of the charity. The financial ststèments have been prepared in accordanc8 with the accounting policies sat out in notes to the accounts and comply with the charity's goveming document, the Charities Act 2011 and Accounting and Reporting by Charities: Ststement of Recommanded Practice appllcable to charits'es preparing thalr accounts in accordance wEth the Financial Reporting Standards applicable in the UK and Republic of Ireland published in October 2019. Details conc8mlng the reglstration of the charfty wlth Compani8s House and with the Ch8ritl88 Commlsslon, the registsred offic8, and the Directors are shown on the enclosed page 8ntitled 'Charity InfOatiOn,. Con8tltutlon and obJact8 The charity is a charitable company limited by guarantee and was set up on 10 November 2004. It Is govemed by Its Memorandum and Articles ofAssociatlon. Its objects are to provide residenllal accommodation to needy persons over the age of 55 years and to relieve persons who are in conditlons of need. hardship or dlstress as a resutt of local. national or Intematlonal disaster or by reason of their soclal and economic circumstance8. Dlrector8 The following directors have held office throughout the year. J A W Boardman-weston S N H Boardman-weston T K C Boardman-weston D G W Boardman-weston Dlroctors. Interest8 The interest8 of all Director8 is limited by guarant88 to £10 each. Flnancial revlew The income of the charfty arises principally from invastment Income from an investment portfolio held by the charity- During the year income was r8ceived in th8 fom of dlvid8nds and intèrest from the chartty's Investments. Professlonal f8es w8re Incurred in respect of the management of the portfolio, Charltable donatlon8 Durlng the year the Trust made the following payments: 2024 2023 Charitable donations The Charitable donations are a5 follows: Measham Medic81 Unit - £48,008 has been donated in the year being, £38,000 for running costs for the shuttle bus, including a prescription delivery s8rvlce. and £10,008 forthe monthly hlre of a temporary shuttle bus. In 2023, the amount donated was £105,400, beSng £86,400 for the running costs of the shuttle bus for both 2023 and 2022. and £19,000 for the purchase of soundproof working booths. Listening Books - £3,000 {2023: £3,000) providing audiobook lending service for those who cannot read or access prfnted books due to disability.
The Kenneth and Barbara Boardman-weston Charltsble Trust Report and Financial Statements for the year ended 31 December 2024 Trustees, Annual Report (Including Directors, Report) King5wood Trust- £5,00012023'. £1.5001- outdoor and environmental learning opportunities to support personal development. health and wellbeing. South Derbyshire CVS RCN - £15,000 (2023.. £Nil) - working to improve the quality of life for people in South Derbyshlre by provlding a range of services to the communty. Rocrullment and appolntmgnt of new directors The directors are recruiled through professional and busin855 contacts. All directors are interviewed and references obtained as to their appropriat8nes3 for appointment. Activltle5 and porformanc8 The principal activity ofth8 charitable company continued to be to provlde accommodatson for needy persons over the age of 55 and to rèlieve persons who are in conditlons of need, hardship or distress as a ffjsult of local, national or international disast8r or by reason of their social or economic circumstsnc8S. Plans for futuro perlods At the year end, the charitable company's general reseThes have increased. Thè Directors are confident that the currenl investment porttollo gives the company thè b8St opportunity to providé income to meet 11$ objects, The Dlr8ctors continue to give active considerakn'on to projocls that would advance the alms of the charity, The charity had total general lunds of £3,067K 8$ at 31 December 2024 {2023'. £2,815k), of which £2,536k were general reserves12023.' £2.388k) and £531k were unreali88d gains on Investments {2023'. £427k). The current investment portfolio was set up in 2012 and the intention of the Board of Directors is to maintaln the bulk of the fund to be invested to provide a mixlure of income and capital growth. The Directors policy is normally only to dlstribute the incorne generaied in any year. Nohvlthstanding the general intenlion of the Directors, should substantial projects arise, that meet the charity objectlves and require substantial sums, the Directors have agreed that tha use of capitsl 15 not precluded. In the meantime. the Dlrectors have continued to make grants deemed approprlate to the objectives of the charity. In ordér to protect against any adverse market conditions and unforeseen drcumstsnces, the Dlrectors have set a minlmum unrestricted reserve threshold to be maintained of an amount at least equal to the sum of the previous o years, expanses per the annual acGounts Including investment management fees, plus the lotsl grants made over the pr8vlous two years. As at the end of December 2024, this amounts to £221k {2023: £187kl. Strueturoi gov•manc• and manag?m•nt Statement of dlrectOTS' responslbilities - charltable company accounts Company law requires the Directors to prepare financial statements for each financial year. which give a true and fair vlew of the state of affalrs of the charitable company and the incorning resour9 and application of resources. Including the net income or expenditure for the year. In preparing these financtal statements, the Directors are requlred to.. select Sultable accountlng policies and then apply them consistantly; observe Ihe methods and principles in the Charitses SORP., make judgéments and estimates that are reasonable and prudent.. state whether applicable UKAc¢ounting Standards have been followed. subject to any material departures disclosed and explained in the financial statements-, prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue In operation. The Directors are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charlty and that enable them to ensure that the financial ststements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitsble company and hence for teking reasonable steps for the prevention and detection of fraud and other irregularities.
The Kenneth and Barbara 8oardman-Weston Charitable Trust Report and Flnancial Statements for the year ended 31 December 2024 Trustees, Annual Report (Includlng Directors. Report) Management of risk The Dlrectors iecognise their responsibility to identify the major risks to which the charity is exposed, to review these risks and establish systems to mitigate th8m. Risk management Is an ongoing process and the Directors are committed to regular reviews and a means of understanding the risks to which the charity Is exposed. Future operatlons At the year end. the Charity's re88rves had increased. The Directors are confident that the current invéstment portfolio, under Its professional managers, provid8S thè best opportunity to contlnue to provlde sufficient income to meet its grant-making deslres, whilst also building capital sufficient to serve and support these aims over the long temi. The Directors continue to give active consideration to projects that would advance the airns of the charity - vla all of. un-solicited appllcation,. projects wlth recipients of previou5 grant5', Other such projects and bodies as the Directors feel may be suitable applicants for grants. Notwithstandlng thè general intention of the Dlieclors to make grants out of income, the Dire¢torg have agree that, under sultable clrcumstances, grants may bè made from the capital reserves of thé Charity- statefflent of dlsc108ure of Inforniatlon to Indgpgndent examlner4 We, the Directors of th8 company who held office at the date of approval of these financlal staternents, as set out above, each confirm 50 far as we are aware, that: There Is no relevant Infomiation of whlch the Independent examlners are unaware., and We have taken all the steps that we ought to have taken as trustees and directors in order lo make ourselves aware of any relévant information and to establlsh that the independent examiners are aware of that informatlon. Publ1¢ benefFt The Dlrectoryd are confident that the charlty meets the public benefit requlrements, and they confirm that they have taken into account the guidance conlained in th8 Charity Commissions, general guidance on public benefit where applicable. Independent Examlners The Rowleys Partnership Ltd, Chartered Accountants, hav& been appolnted as the indep8ndgnt examlners ofthese ffnancial statements, This report was approved by the Board on £ A 2oz5 D G W Boardman-weston Chaimian
The Kenneth and Barbara Boardman-weston Charitable Trust Report and Financial Statements for the year ended 31 December 2024 Independent Examiners, Report to the Members of The Kenneth and Barbara Boardman.Weston Charitable Trust I reFrf)rt to the Charity Trustees on my examination of thé accounts of the company forth8 year ended 31 December 2024 which ar8 set out on pages 6 to 10. Respective responslblllties of Trustees and Examinor As the Charity Trustees of the Company land also Its Directors for the purposes of company law) you are responsible for th8 preparation of the accounts in accordance with the requirements of the Companles Act 2006 ('th8 2006 Act'l. Having satisfied myself that th8 accounts of th8 company are not required to be audited under Part 16 of the 2006 Act and ar8 eligible for independent examination. I report in respect of my examinatlon of your company's accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my examination I have followed the direction5 given by the Charity Commission undor section 145(51(bl of tha 2011 Act. Indepgndent oxamlnorfs statsment I have completed my examinatlon. I confirm that no matters have come to my attention In connection wlth the examlnation giving me Cause to believe that in any material respect.. accountlng records wer8 not kepl In respect of the company as requlred by section 386 of the 2006 Ad., or the accounts do not accord with those records; or the accounts do not comply with the accountlng requirements of section 396 of the 2006 Act othar than any requirement that the accounts give a 'lrue and fair view, which is not a matter considered as part of an independent examination; or the accounts have not been prapared in accordance with the methods and principles of the Statgment of Recommended Practice for accounting and reportlng by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS 102). I have no concems and have come across no other matters in connection with th8 examination to which attentlon should be drawn in this report in order to enable a proper understanding of the accounts to be r8ached. Matt Hutchln8on FCA FCCA The Rowley3 Partnership Ltd Chartered Accountants Chamwood Hous8 Harcourt Way Mertdian Business Park Leicester LE19 1WP Date.. 2oZS
The Kenneth and Barbara Boardman.Weston Charitable Trust Report and Financial Statements for the year endad 31 December 2024 Statement of Financial Activities for the year to 31 December 2024 2024 2023 Incomlng resources from generated fund Investrnenl Income Dimdends Other interest {Loss)Iprofil on disposal of 5haTes Tolal Incomlng resources 48,657 21,300 69,460 50,579 9,734 31,803 139A17 92,116 R8sourees expended C06ts ofgenerating funds InSIMent management charge5 Charitable actiMtle8 Grants and donallons Othereyenditure.. Independent exam ination MISG Isubscriplionsl Bank charges 18,122 16,802 71,008 109,900 2,580 40 10 2,400 40 2,630 91.760 2,445 129,147 Totsl re8ource• expended Net Incomlng I I0gOIng) re80urce8 47,657 137,031 othor recognl8ed gaing1108808 Realised gainsl(impairment of instments) Gainsllosses on investment assets lunreallsedl Net rnovement In fund• {19,0791 224,055 252,633 87,862 108,317 159,148 Fund8 brought forward at the start of year 2,814,832 2.655,684 Fund8 carrled fonvard atthe end Ofar 3,067N65 2.814,832 All galns and losses recognised In the year are induded above. All funds are unrestrfcted. The notes on pages 8 to 10 fomi part of thesa accounts.
The Kenneth and Barbara Boardman-weston Charitable Trust Report and Financial Statements for the year ended 31 December 2024 Balance Sheet as at 31 December 2024 2024 2023 Invastrnents at historlc cost Unrèalised gainslllossesl on lnstrnents Investrnents at market valu8 InStmnIS at market value 2,586,750 (170,937) 531116 2.946.929 2,473,086 (177.8351 427228 2,722.479 Current a8S8t8 Cash atbank and In hand 127,700 99,019 Crgditors: amounts falllng due wlthln on• y•ar 7.184 6.686 N•t curront as80ts 120,536 92,353 Total a880ts les8 current IlablllUo8 3,067,465 2,814,832 Capltal and resorvgs Invaslment revaluatlon reSee 531,116 2,538,349 427,228 2,387,604 General reseNas 10 Total general fijnds 3,067 2,814,832 For the year ending 31 December 2024: the company was entitled to exemption from audSt under Section 477 of the Companies Act 2006 relating to small companles., the members have not required the company to obtaln an audit of its accounts for the year in que8tion In accordance wlth sectlon 478., and Ihe directors acknowledge their respOr1b111ty for complying with the requlrements of the Companle$ Act 2006 with respect to accounting records and the pparation of the accounts. Approved by the Directors on S Av4 2eL5 arKJ signed on their behalf by.. D G W Boardman-wegton Chairman The notes on pages 8 to 10 fom part of these accounts. Company registration number. 05283336
The Kenneth and Barbara Boardman-weston Charitable Trust Report and Financial Statements for the year ended 31 December 2024 Notes to the Flnancial Ststements for the year ended 31 December 2024 Accounting pollcles a) Basis of proparation The chartty constitutes a public benefft entlty as defined by FRS 102. The financlal statements have bèen prepared In accordance with Accounttng and Reportlng by Charities.. Ststément of Recommended Practlca applicable to charities preparing their accounts in accordanc8 wlth the Financial Répotting Standard applicabl8 in the UK and Republic of Ireland issued in October 2019, the Financial Reporttng Standard applicable in the Unltad Kingdon and Republic of Ireland (FRS 102), the Charits'es Act 2011 and UK Generally Actsptad Accountsng Practice. The significant accounting pollcies applled in the preparation of these financial statements are set out below. These policies have been consistsnly applied to all years presented unless othe1$e stated. b) Fund a¢¢ountlng General fiJnds are unrestrlctgd funds which are available for use at the dlscretlon of the directors In furtherance of the 98neral objectives of the charity and whlch have not been designated tor other purposes. ¢) Incomlng resou8$ All incoming rèsou9 ar8 included in the SOFA when the charty 18 legally entitled to the income and the amount can b& quantified with reasonable accuracy. For legacles. entitlement is the eartler of the charlty being notified of an impending distribution or the legacy being received. Gifts In kind donated for distribution are included at valuaOn and recognlsed as income when Ihey are distrfbuted to the projects. No amounts are included in the finandal statements for 5eNicps donated by volunteers. d) Rosourees gxpended All expenditure ts accounted for on an accruals basis and has not been classified under headings that aggregale all costs related to the catsgory. o) Inve8tmonts Investments are shown at martet value. fj Current Ilabllltl•g Provision$ lor liabilities are shown where an ess8ntlal future cost is estimated at the year end. g) Golng concern The financial statements have been prepared on a going concern basis as the Directors believe that no material uncertainties exist. The Directors have considered the level of fvnds held and the expected level of Income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for Ihe charity to be able to continue as a going concern.
The Kenneth and Barbara Boardman-weston Charitsble Trust Report and Financial Ststements for the year ended 31 December 2024 Notes to the Financial Statements for the year ended 31 December 2024 Legal statu8 of the tru8t The trust is a company limited by guarantee and has no share capital. In the event of the Gharity b81ng wound up, the Ilability in respect of thg guarantee Is limited to £10 per member of the charSty. Investment Income An analysis of thè Income rgcelved from investments is shown on the face of the Statement of Financial Activltles. C08l of generatlng funds and governance costs An analysis of the CO8t of generating funds and govemanca costs is shown on th8 face of the Statement of Flnancial Activitles. Dlroctor8' remuneratlon and expenses No remuneration or expenses w8r8 pald to the dlr8Ctor8 in the Current year or the prior y8ar. Staff ¢08ts There w8re no staff costs for th8 current or prlor year. Flxed assat Investments 2024 2023 Marketvalue as at 1 January Iditions during the ar Dlsposals durlng th8 year 2,722,479 618,118 1598,644} 2,741,953 2,493,686 365,366 {332,7521 2,526,300 Realised galnl(im palrm8nt in the ar) Unreallsed gains taken to Revaluation Reserves {19,079) 224,055 87,862 108,317 Market walue a5 at 31 December 2,946,929 2,722N79 1nstrnents atfrair value comprised: Equities Fixed interest securiles vèlymanaged Strategies 2,398,414 312.549 235,966 2.105,252 296049 320,378 2,946,929 2,722,479
The Kenneth and Barbara Boardman.Weston Charitable Trust Report and Flnancial Statements for the year ended 31 December 2024 Notes to the Financial Statements for the year ended 31 December 2024 Cradltors: amount8 falling due wlthin one year 2024 2023 Independent 8X2mination fee accrual Instment managementcharg8S 2,580 4,584 7,164 2,400 4,266 6,666 Investm•nt rovaluatlon ro8erve 2024 2023 Balance broughtforward as at 1 January (Loss) I gains realls8d in the year Unrealis8d gains I (losses) in year 427,228 {120,167) 224,055 531,116 318,911 108.317 427,228 10. Genoral ro8orves 2024 2023 8 at 1 January Net incoming l {outgoing) resources in sear (Losses I I gains realised in year Unrealised gains 11108888) in year As at 3106cember 2,387,604 252,633 120,167 (224,055) 2,536,349 2,336.773 159.148 (108,317) 2,387,604 11. R•strfctod fvnds Ther8 were no restrlct6d fvnds held by the charlty. 12. Ind•p•ndont Examlnatlon The totsl fees pald to the ind8P8ndent examln8r for the indep8nd8nt examinatlon was £2,580 (2023: £2,400). 13. Related Party Dl8closures Durlng the year th8r8 Were no related party disclosures £Nil (2023.. £Nill. 10