CHARITY REGISTRATION NUMBER: 1123562
The Brook Trust
Financial Statements
For the year ended 5 April 2022
The Brook Trust
Financial Statements
Year ended 5 April 2022
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Trustees' responsibilities statement | 3 |
| Independent auditor's report to the members | 4 |
| Statement of financial activities | 6 |
| Statement of financial position | 7 |
| Statement of cash flows | 8 |
| Notes to the financial statements | 9 |
The Brook Trust
Trustees' Annual Report
Year ended 5 April 2022
The trustees present their report and the financial statements of the charity for the year ended 5 April 2022.
Reference and administrative details
| Registered charity name | The Brook Trust |
|---|---|
| Charity registration number | 1123562 |
| Principal office | PO Box 161 |
| Cranbrook | |
| Kent | |
| TN17 9BL | |
| The trustees | Mr T B Bull |
| Mrs E Cleghorn | |
| Ms R Riley | |
| Auditor | Gibson Booth |
| Chartered Accountants & Statutory Auditors | |
| New Court | |
| Abbey Road North | |
| Shepley | |
| Huddersfield | |
| HD8 8BJ | |
| Bankers | Coutts & Co |
| 440 Strand | |
| London | |
| WC2R 0QS | |
| Solicitors | Sinclair Gibson |
| 3 Lincoln's Inn Fields | |
| London | |
| WC2A 3AA |
Structure, governance and management
Governing document
The charity is governed by its trust deed dated 5 February 2008 and is registered as a charity with the Charity Commission with effect from 10 April 2008.
Trustee induction and training
New trustees are briefed on their legal obligations under charity law, the content of the Trust deed, the committee and decision making processes, and anticipated future financial performance of the charity.
Organisation structure
The Board of Trustees, which can have up to 9 members, administers the charity. The Board meets at least 4 times a year in order to consider applications for assistance.
Risk management
The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems are in place to mitigate the exposure to the major risks.
Objectives and activities
The objects of the trust are to make donations out of income and/or capital, at the direction of the charity's founder, which are exclusively for charitable purposes in any part of the world.
Where the founder has not given direction to fully dispose of the trust's income by the end of the fiscal year, following the year in which the income has arisen, the trustees shall apply the income for or towards such charitable purposes, and shall make donations to such charitable institutions, as trustees shall in their discretion think fit.
The trustees may, at their discretion, for the period of 21 years from the date of the Trust Deed, accumulate income generated by the trust without prejudice to their right to apply the accumulated income in any subsequent year.
The aims and objectives of the trust are to provide financial support to charitable organisations and to charitable causes in any place and for the benefit of the general public by way of making grants.
The trustees have considered the Charity Commission's general guidance on public benefit.
1
The Brook Trust
Trustees' Annual Report (continued)
Year ended 5 April 2022
Achievements and performance
The Brook Trust is an independent grant-giving body that seeks to achieve its objectives by working with and donating to registered charities. The Trust has broadly drafted objectives, and the Trustees have the discretion to make any grants for purely charitable causes.
The Trustees have adopted a policy of focusing attention on some particular core themes in inviting and making donations, and have decided to prioritise causes which are unpopular or hard to fund, and smaller to medium-sized charities.
During the past year The Brook Trust maintained its strategy of concentrating on two key sectors:
(i) Organisations and programmes providing support for women and children victims of domestic and sexual violence and abuse, including crisis services, after care and rehabilitation programmes; and
(ii) Programmes designed to deliver effective 'early intervention' services to support parents, children and families in breaking cycles of social and economic deprivation and dysfunction, with particular emphasis on early years development, education and good mental health.
Support for survivors of rape and sexual assault was primarily delivered through grants to Rape Crisis England & Wales and member organisations of the Rape Crisis network. The Brook Trust has similarly supported those suffering domestic abuse through grants to specialist charities, including Refuge, and a number of local or regional organisations. Both these sectors continue to experience increase in demand for services, especially counselling for survivors,
Our "early intervention" theme focused mainly on support for families with pre-school age children, and the promotion of good mental health and resilience among children in primary and secondary schools. The Brook Trust has partnered with Place2Be, specifically to help that charity expand its existing successful programmes, and has continued its partnership with Home Start UK to assist that organisation and its affiliated local charities to adjust to challenging changes in the funding environment.
The Trust made grants in support of core costs and front-line services. The greater part of our funding goes to support ongoing costs and sustaining or expanding existing, effective, interventions, but we have been pleased to back some innovation and piloting of new services. The Brook Trust is increasingly providing multi-year or continuation funding to organisations with whom we have established successful relationships over time. Continuation funding is subject to appropriate conditions being met, and to charities demonstrating continued and sustainable positive outcomes and impact.
The Trust made several grants to support emergency humanitarian relief during the year, primarily through the agency of the Disasters Emergency Committee.
The Brook Trust continues to fund a small grants programme to organisations in Kent and Medway. This is delivered by a donation to the Kent Community Foundation which administers the application and monitoring processes. Our Trustees take an active role with the Community Foundation in grant-making decisions.
The Brook Trust can and does make certain other donations at the Trustees' discretion.
Financial review
During the year, the charity received donations of £509,625 and made donations of £1,281,218. Investment income exceeded governance costs by £56,514 and the charity had funds of £4,672,662 available for future donations at the period end. The value of invested funds at 31[st] March was reduced by the impact of the Ukraine war and global economic uncertainty in financial markets. These factors continued to impact the charity’s investments through the remainder of 2022.
Investment policy
The trustees may apply funds to be invested in whichever investments that they see fit. The trust's investment policy reflects the strategic objective of the charity, which is to make donations from capital as well as income. The fund management approach to investments and liquidity is designed to accommodate this objective.
Reserves policy
The trustees feel that there is no need for a reserves policy, at present, to meet future costs. Administrative costs are kept to a minimum. Income is currently provided by Mr T B Bull and Ms R Riley and this funding is expected to continue.
Plans for future periods
The trust intends to continue with its current strategy and areas of focus. At the period end the Brook Trust had pledged to make donations of £801,888 in the year ended 5 April 2023, and £458,475 in the year ended 5 April 2024. After the year end, as at 19 January 2023, the Trustees had pledged further future donations bringing the totals to £914,888 in 22/23 and £545,475 in 23/24 (detailed in note 8 to the financial statements). The majority of these future grants are conditional upon recipients meeting agreed grant conditions. The trustees are satisfied that the trust will have the resources available in future periods to fund all such arrangements.
26 Jan 2023
The trustees' annual report was approved on .............................. and signed on behalf of the board of trustees by:
The Brook Trust Mr T B Bull (Jan 26, 2023, Trustee 3:11pm)
2
The Brook Trust
Trustees' Responsibilities Statement
Year ended 5 April 2022
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period.
In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the applicable Charities SORP;
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the 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.
3
The Brook Trust
Independent Auditor's Report to the Members of The Brook Trust
Year ended 5 April 2022
Opinion
We have audited the financial statements of The Brook Trust (the 'charity') for the year ended 5 April 2022 which comprise the statement of financial activities, statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
-
give a true and fair view of the state of the charity's affairs as at 5 April 2022 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
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have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:
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the information given in the trustees' report is inconsistent in any material respect with the financial statements; or
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adequate accounting records have not been kept; or
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the financial statements are not in agreement with the accounting records and returns; or
-
we have not received all the information and explanations we require for our audit.
4
The Brook Trust
Independent Auditor's Report to the Members of The Brook Trust (continued)
Year ended 5 April 2022
Responsibilities of trustees
As explained more fully in the trustees' responsibilities statement, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.
Based on our understanding of the company and industry, we identified that the principal risks of non-compliance with laws and regulations related to UK tax legislation, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the financial statements such as the Charities Act 2011. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements, and determined that the principal risks were related to management bias through manipulation of accounting estimates or posting inappropriate journal entries. Audit procedures performed by the engagement team included:
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discussions with management including consideration of known or suspected instances of non-compliance with laws, regulation and fraud;
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challenging assumptions and judgements made by management in their significant accounting estimates;
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testing of non-purchase and sales ledger bank transactions;
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testing of journals;
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testing of purchase invoice authorisations.
Because of the inherent limitations of an audit, there is a risk that we will fail to detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Alistair Russell FCA (Senior Statutory Auditor)
For and on behalf of Gibson Booth Chartered Accountants & Statutory Auditors New Court Abbey Road North Shepley Huddersfield 26/1/23 HD8 8BJ
Gibson Booth is eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006.
5
The Brook Trust
Statement of Financial Activities
Year ended 5 April 2022
| 2022 | 2021 | |||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total funds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 4 | 509,625 | 509,625 | – |
| Investment income | 5 | 78,790 | 78,790 | 87,342 |
| -------------------------- | -------------------------- | ---------------------- | ||
| Total income | 588,415 | 588,415 | 87,342 | |
| ========================== | ========================== | ====================== | ||
| Expenditure | ||||
| Expenditure on charitable activities | 6,7 | 1,303,494 | 1,303,494 | 1,097,724 |
| ---------------------------------- | ---------------------------------- | ---------------------------------- | ||
| Total expenditure | 1,303,494 | 1,303,494 | 1,097,724 | |
| ================================== | ================================== | ================================== | ||
| Net gains on investments | 9 | 59,350 | 59,350 | 826,454 |
| ---------------------------------- | ---------------------------------- | ---------------------------------- | ||
| Net expenditure and net movement in funds | (655,729) | (655,729) | (183,928) | |
| ================================== | ================================== | ================================== | ||
| Reconciliation of funds | ||||
| Total funds brought forward | 5,328,391 | 5,328,391 | 5,512,319 | |
| ---------------------------------- | ---------------------------------- | ---------------------------------- | ||
| Total funds carried forward | 4,672,662 | 4,672,662 | 5,328,391 | |
| ================================== | ================================== | ================================== |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 9 to 14 form part of these financial statements.
6
The Brook Trust
Statement of Financial Position
5 April 2022
| 2022 | 2021 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Investments | 13 | 4,582,277 | 4,878,028 |
| Current assets | |||
| Cash at bank and in hand | 93,745 | 453,663 | |
| Creditors: amounts falling due within one year | 14 | 3,360 | 3,300 |
| ---------------------- | -------------------------- | ||
| Net current assets | 90,385 | 450,363 | |
| ---------------------------------- | ---------------------------------- | ||
| Total assets less current liabilities | 4,672,662 | 5,328,391 | |
| ---------------------------------- | ---------------------------------- | ||
| Net assets | 4,672,662 | 5,328,391 | |
| ================================== | ================================== | ||
| Funds of the charity | |||
| Unrestricted funds | 4,672,662 | 5,328,391 | |
| ---------------------------------- | ---------------------------------- | ||
| Total charity funds | 16 | 4,672,662 | 5,328,391 |
| ================================== | ================================== | ||
| 26 Jan 2023 |
These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by:
The Brook Trust (Jan 26, 2023, 3:11pm)
Mr T B Bull Trustee
The notes on pages 9 to 14 form part of these financial statements.
7
The Brook Trust
Statement of Cash Flows
Year ended 5 April 2022
| 2022 | 2021 | ||
|---|---|---|---|
| Note | £ | £ | |
| Cash flows from operating activities | |||
| Net expenditure | (655,729) | (183,928) | |
| Adjustments for: | |||
| Net losses/ (gains) on investments | (59,349) | (826,454) | |
| Other interest receivable and similar income | (78,790) | (87,342) | |
| Interest payable and similar charges | 18,496 | 21,031 | |
| Accrued expenses | 60 | 60 | |
| Non-cash donations | (509,625) | – | |
| Changes in: | |||
| Trade and other creditors | – | (31,296) | |
| ---------------------------------- | ---------------------------------- | ||
| Cash generated from operations | (1,284,937) | (1,107,929) | |
| Interest paid | (18,496) | (21,031) | |
| Interest received | 78,790 | 87,342 | |
| ---------------------------------- | ---------------------------------- | ||
| Net cash used in operating activities | (1,224,643) | (1,041,618) | |
| ================================== | ================================== | ||
| Cash flows from investing activities | |||
| Proceeds from sale of social investments | 60,650 | – | |
| Purchases of other investments | (540,564) | (1,883,533) | |
| Proceeds from sale of other investments | 1,197,959 | 3,412,681 | |
| ---------------------------------- | ---------------------------------- | ||
| Net cash from investing activities | 718,045 | 1,529,148 | |
| ================================== | ================================== | ||
| Net (decrease)/increase in cash and cash equivalents | (506,598) | 487,530 | |
| Cash and cash equivalents at beginning of year | 813,814 | 326,284 | |
| -------------------------- | -------------------------- | ||
| Cash and cash equivalents at end of year | 15 | 307,216 | 813,814 |
| ========================== | ========================== |
The notes on pages 9 to 14 form part of these financial statements.
8
The Brook Trust
Notes to the Financial Statements
Year ended 5 April 2022
1. General information
The charity is registered charity in England and Wales and is unincorporated. The address of the principal office is The Brook Trust, PO Box 161, Cranbrook, TN17 9BL.
The charity constitutes a public benefit entity as defined by FRS 102.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets measured at fair value through income or expenditure. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
There are no significant judgements and accounting estimates made in the process of applying the accounting policies of the charity.
Fund accounting
All the charity's funds are unrestricted, the trustees being free to use these funds in accordance with the charitable objects.
Incoming resources
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured.
Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
Income from investments is recognised when receivable and the amount can be measured reliably by the charity.
Resources expended
Expenditure is included on an accruals basis, inclusive of VAT.
Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure.
Charitable donations are payments made to third parties in the furtherance of the charitable objects of the charity. Single or multi-year donations are accounted for when either the recipient has a reasonable expectation that they will receive a donation and the trustees have agreed to pay the donation without condition, or the recipient has a reasonable expectation that they will receive a donation and any condition attaching to the donation is outside the control of the charity.
Where donations are payable after more than one year and the effect is material, a discount rate based on the appropriate UK government bonds is applied. The unwinding of this discount rate is shown as a finance cost and is included within support costs.
Governance costs comprise costs for the running of the charity itself as an organisation.
Investments
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
9
The Brook Trust
Notes to the Financial Statements (continued)
Year ended 5 April 2022
4. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Donations | |||||
| Donations | 509,625 | 509,625 | – | – | |
| ========================== | ========================== | =========== | =========== | ||
| 5. | Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Bank interest receivable | 20 | 20 | 66 | 66 | |
| Overseas dividend income | 21,585 | 21,585 | 32,248 | 32,248 | |
| Fixed interest securities | 888 | 888 | 963 | 963 | |
| UK dividend income | 56,297 | 56,297 | 54,065 | 54,065 | |
| ---------------------- | ---------------------- | ---------------------- | ---------------------- | ||
| 78,790 | 78,790 | 87,342 | 87,342 | ||
| ====================== | ====================== | ====================== | ====================== | ||
| 6. | Expenditure on charitable activities by fund type | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Charitable donations | 1,281,218 | 1,281,218 | 1,072,980 | 1,072,980 | |
| Support costs | 22,276 | 22,276 | 24,744 | 24,744 | |
| ---------------------------------- | ---------------------------------- | ---------------------------------- | ---------------------------------- | ||
| 1,303,494 | 1,303,494 | 1,097,724 | 1,097,724 | ||
| ================================== | ================================== | ================================== | ================================== |
7. Expenditure on charitable activities by activity type
| Activities | ||||
|---|---|---|---|---|
| undertaken | ||||
| directly | Support costs Total funds 2022 Total fund 2021 | |||
| £ | £ | £ | £ | |
| Charitable donations | 1,281,218 | – | 1,281,218 | 1,072,980 |
| Governance costs | – | 22,276 | 22,276 | 24,744 |
| ---------------------------------- | ---------------------- | ---------------------------------- | ---------------------------------- | |
| 1,281,218 | 22,276 | 1,303,494 | 1,097,724 | |
| ================================== | ====================== | ================================== | ================================== |
8. Analysis of grants
The charity undertakes its charitable activities through making donations and awarded donations to the following institutions during the year:
10
The Brook Trust
Notes to the Financial Statements (continued)
Year ended 5 April 2022
8. Analysis of grants (continued)
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Grants to institutions | ||
| Action Aid | 27,000 | 22,000 |
| Brighton & Hove City Council (Music Education) | – | 2,000 |
| Chester Sexual Abuse Support service (CSASS) | 5,000 | 5,000 |
| Child Autism UK | 5,000 | 5,000 |
| Crossroads Derbyshire | 26,055 | – |
| Disasters Emergency Committee | 70,000 | 25,000 |
| East Kent Rape Crisis Centre | 40,000 | 40,000 |
| ERIC | 10,000 | 10,000 |
| EVA Women's Aid | 19,200 | – |
| Family Lives | 30,000 | – |
| Foundation for Young Musicians | – | 9,000 |
| Freedom From Torture | 34,800 | 59,800 |
| Her Centre | 25,000 | 25,000 |
| Home Start Chicester and District | – | 10,000 |
| Home Start UK | 150,000 | 100,000 |
| Home Start Winchester | – | 6,780 |
| Kairos WWT | – | 15,000 |
| Kent Community Foundation | 121,000 | 110,000 |
| KIRAN | – | 20,000 |
| Kirklees & Calderdale Rape & Sexual Abuse Counselling (KRASACC) | 30,000 | 30,000 |
| Lincolnshire Rape Crisis | 40,000 | – |
| Medical Aid for Palestinians | 15,000 | – |
| Northamptonshire Rape Crisis | 10,000 | 10,000 |
| Nottingham Independent Domestic Abuse Services (NIDAS) | – | 30,000 |
| Oasis | 77,623 | 40,000 |
| Oxfordshire Sexual Abuse and Rape Crisis Centre (OSARCC) | 25,000 | 25,000 |
| Place2Be | 50,000 | – |
| Porchlight | 25,000 | 25,000 |
| Prisoners Education Trust | 20,000 | 20,000 |
| Rape and Sexual Violence Project West Midlands (RSVP) | 20,000 | 20,000 |
| Rape Crisis England and Wales | 85,000 | 75,000 |
| Rape Crisis Tyneside and Northumberland | – | 25,000 |
| Refuge | 125,000 | 125,000 |
| Rising Sun | 30,000 | 30,000 |
| SATEDA | 43,340 | 25,000 |
| Sayit | – | 30,000 |
| Somerset & Avon Rape & Sexual Assault Service | 34,000 | 33,000 |
| Support After Rape and Sexual Violence (Leeds) | 15,000 | – |
| Support Through Court | 15,000 | 15,000 |
| The Green House | 10,000 | – |
| Twins Trust | 26,000 | – |
| Womankind (Bristol) | 22,200 | – |
| Young Minds | – | 50,400 |
| ---------------------------------- | ---------------------------------- | |
| Total grants | 1,281,218 | 1,072,980 |
| ================================== | ================================== |
11
The Brook Trust
Notes to the Financial Statements (continued)
Year ended 5 April 2022
8. Analysis of grants (continued)
The Brook Trust has agreed to make the following donations:
| 2023 | 2024 | |
|---|---|---|
| £ | £ | |
| Aylesbury Vale and Milton Keynes SAASS | 26,000 | 26,000 |
| Coventry Rape and Sexual Assault Service (CRASAC) | 50,000 | 50,000 |
| EVA Women's Aid | 19,200 | 19,200 |
| Family Lives | 33,000 | 33,000 |
| Her Centre | 25,000 | 25,000 |
| Home Start Chicester and District | 10,000 | – |
| Home Start Winchester and District | 6,780 | – |
| Kent Community Foundation | 121,000 | 121,000 |
| KIRAN | 20,000 | – |
| Northamptonshire Rape Crisis | 10,000 | – |
| Oasis | 73,308 | 49,275 |
| Place 2 Be | 75,000 | 75,000 |
| Porchlight | 25,000 | 25,000 |
| Prisoners Education Trust | 20,000 | – |
| Rape Crisis England and Wales | 85,000 | 85,000 |
| Refuge | 125,000 | – |
| Rising Sun | 35,000 | 35,000 |
| SATEDA | 25,000 | – |
| Somerset & Avon Sexual Assault Support (SARSAS) | 35,000 | – |
| Suffolk Rape Crisis | 40,000 | – |
| Support After Rape & Sexual Assault Leeds (SARSVL) | 15,000 | – |
| West Cornwall Women's Aid | 18,000 | – |
| Womankind (Bristol) | 22,600 | – |
| ---------------------------------- | ---------------------------------- | |
| 914,888 | 543,475 | |
| ================================== | ================================== |
9. Net losses/ (gains) on investments
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | |
| £ | £ | £ | £ | |
| Unrealised gains on investments | 60,650 | 60,650 | 361,184 | 361,184 |
| Realised (losses)/ gains on investments | (1,300) | (1,300) | 465,270 | 465,270 |
| ---------------------- | ---------------------- | -------------------------- | -------------------------- | |
| 59,350 | 59,350 | 826,454 | 826,454 | |
| ====================== | ====================== | ========================== | ========================== | |
| Auditors remuneration | ||||
| 2022 | 2021 | |||
| £ | £ | |||
| Fees payable for the audit of the financial statements | 3,300 | 3,300 | ||
| =================== | =================== |
10. Auditors remuneration
11. Staff costs
The average number of employees during the year was nil (2021: nil).
No employee received employee benefits of more than £60,000 during the year (2021: nil).
12. Trustee remuneration and expenses
The trustees neither received nor waived any remuneration and expenses during the year (2021: £Nil).
12
The Brook Trust
Notes to the Financial Statements (continued)
Year ended 5 April 2022
13. Investments
| Cash or cash | Listed | ||
|---|---|---|---|
| equivalents | investments | Total | |
| £ | £ | £ | |
| Cost or valuation | |||
| At 6 April 2021 | 360,151 | 4,517,877 | 4,878,028 |
| Additions | 1,330,189 | 1,050,189 | 2,380,378 |
| Disposals | (1,476,869) | (1,258,609) | (2,735,478) |
| Other movements | – | 59,349 | 59,349 |
| ---------------------------------- | ---------------------------------- | ---------------------------------- | |
| At 5 April 2022 | 213,471 | 4,368,806 | 4,582,277 |
| ================================== | ================================== | ================================== | |
| Impairment | |||
| At 6 April 2021 and 5 April 2022 | – | ||
| ================================== | |||
| Carrying amount | |||
| At 5 April 2022 | 213,471 | 4,368,806 | 4,582,277 |
| ================================== | ================================== | ================================== | |
| At 5 April 2021 | 360,151 | 4,517,877 | 4,878,028 |
| ================================== | ================================== | ================================== |
All investments shown above are held at valuation.
Financial assets held at fair value
The fair value of listed investments is determined by reference to the quoted price for identical assets in an active market at the balance sheet date.
Investments at fair value compromise:
| Investments at fair value compromise: | |||
|---|---|---|---|
| 2022 | 2021 | ||
| £ | £ | ||
| Equities | 2,154,885 | 1,907,198 | |
| Securities | 2,213,921 | 2,610,679 | |
| Cash within investment portfolio | 213,471 | 360,151 | |
| ---------------------------------- | ---------------------------------- | ||
| 4,582,277 | 4,878,028 | ||
| ================================== | ================================== | ||
| 14. | Creditors: amounts falling due within one year | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Accruals and deferred income | 3,360 | 3,300 | |
| =================== | =================== | ||
| 15. | Cash and cash equivalents | ||
| Cash and cash equivalents comprise the following: | |||
| 2022 | 2021 | ||
| £ | £ | ||
| Cash at bank and in hand | 93,745 | 453,663 | |
| Cash held for investments | 213,471 | 360,151 | |
| ---------------------- | -------------------------- | ||
| 307,216 | 813,814 | ||
| ====================== | ========================== |
13
The Brook Trust
Notes to the Financial Statements (continued)
Year ended 5 April 2022
16. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||||||
|---|---|---|---|---|---|---|---|---|
| Gains and | ||||||||
| At | 6 | April 2021 | Income | Expenditure | losses | At | 5 April 2022 | |
| £ | £ | £ | £ | £ | ||||
| General funds | 5,328,391 | 588,415 | (1,303,494) | 59,350 | 4,672,662 | |||
| ================================== | ========================== | ================================== | ====================== | ================================== | ||||
| Gains and | ||||||||
| At | 6 | April 2020 | Income | Expenditure | losses | At | 5 April 2021 | |
| £ | £ | £ | £ | £ | ||||
| General funds | 5,512,319 | 87,342 | (1,097,724) | 826,454 | 5,328,391 | |||
| ================================== | ====================== | ================================== | ========================== | ================================== |
Unrestricted general funds are available for use at the discretion of the Trustees in the furtherance of the general charitable objectives.
17. Analysis of net assets between funds
| Unrestricted | Total Funds | ||
|---|---|---|---|
| Funds | 2022 | ||
| £ | £ | ||
| Investments | 4,582,277 | 4,582,277 | |
| Current assets | 93,745 | 93,745 | |
| Creditors less than 1 year | (3,360) | (3,360) | |
| ---------------------------------- | ---------------------------------- | ||
| Net assets | 4,672,662 | 4,672,662 | |
| ================================== | ================================== | ||
| Unrestricted | Total Funds | ||
| Funds | 2021 | ||
| £ | £ | ||
| Investments | 4,878,028 | 4,878,028 | |
| Current assets | 453,663 | 453,663 | |
| Creditors less than 1 year | (3,300) | (3,300) | |
| ---------------------------------- | ---------------------------------- | ||
| Net assets | 5,328,391 | 5,328,391 | |
| ================================== | ================================== | ||
| Analysis of changes in net debt | |||
| At 6 Apr 2021 | Cash flows | At 5 Apr 2022 | |
| £ | £ | £ | |
| Cash at bank and in hand | 813,814 | (506,598) | 307,216 |
| ========================== | ========================== | ====================== |
18. Analysis of changes in net debt
19. Related parties
During the year the charity made charitable donations of £121,000 (2021: £110,000) to Kent Community Foundation, a charity in which Mr T B Bull was a trustee until 31[st] December 2021. The charity also received a donation during the year of £509,625 (2021: £nil) from Mr T B Bull and Ms R Riley.
14