REGISTERED CHARITY NUMBER: 1128462
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 30 September 2025
for
The Betty Riseley Trust for Children
Bennewith 2018 Limited
t/a A J Bennewith & Co
Upper Ground Floor
18 Farnham Road
Guildford
Surrey
GU1 4XA
The Betty Riseley Trust for Children
Contents of the Financial Statements
for the Year Ended 30 September 2025
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Report of the Trustees |
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to |
2 |
Independent Examiner's Report |
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3 |
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Statement of Financial Activities |
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4 |
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Balance Sheet |
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5 |
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Notes to the Financial Statements |
6 |
to |
11 |
Detailed Statement of Financial Activities |
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12 |
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The Betty Riseley Trust for Children
Report of the Trustees for the Year Ended 30 September 2025
The trusteespresenttheirreportwiththe financialstatementsof the charityforthe yearended30 September2025. The
trusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableinthe UK
and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Thelongandshorttermaimsaretogivegrantstoorganisations,individualsandcharitiesinvolvedinadvancinglife and
helpingyoungpeoplethroughtheprovisionofrecreationalandleisuretimeactivities,providingsupportand activities
whichdevelopyoungpeople'sskillandcapabilitiesenablingthemtoparticipateinsocietyandmatureas responsible
individuals and advancing the education of those aged 18 and under.
ACHIEVEMENTS AND PERFORMANCE
During the year the charity was able to make total grants of £102,863 (2024: £74,839) to local institutions.
The trusteesconsiderthatthey have compliedwiththe dutyin section17(5)of the CharitiesAct 2011 to have due regard
to public benefit guidance published by the Charity Commission.
FINANCIAL REVIEW
Investment policy and objectives
Investmentsare held in shares,corporatebondsand gilt-edgedsecurities.The charity'sinvestmentportfoliois maintained
by Quilter Cheviot Limited.
Reserves policy
Duringtheyearthecharitymanageditsportfolioofinvestmentsandpreparedfundssothatanysuitablegrants or
sponsorship identified could be undertaken.
FUTURE PLANS
In the futurethe trusteesintendto identifygrantmakingopportunitiesanduse the fundsavailableto furtherthe charity
objectives.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Recruitment and appointment of new trustees
New trustees are appointed when necessary, by the existing trustees. Full training is given to all new trustees.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1128462
Principal address
Hart Brown Solicitors
Resolution House
Riverview, Walnut Tree Close
Guildford
Surrey
GU1 4UX
Page 1
The Betty Riseley Trust for Children
Report of the Trustees
for the Year Ended 30 September 2025
Trustees
Mrs M Jack
Mrs M Bainbridge
J Lamont
Ms C Pearce
Independent Examiner
Bennewith 2018 Limited
t/a A J Bennewith & Co
Upper Ground Floor
18 Farnham Road
Guildford
Surrey
GU1 4XA
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
..........................................................................
J Lamont - Trustee
Page 2
Independent Examiner's Report to the Trustees of
The Betty Riseley Trust for Children
Independent examiner's report to the trustees of The Betty Riseley Trust for Children
IreporttothecharitytrusteesonmyexaminationoftheaccountsofTheBettyRiseleyTrustforChildren(theTrust) for
the year ended 30 September 2025.
Responsibilities and basis of report
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').
I reportin respectof my examinationof the Trust'saccountscarriedoutunderSection145 of the Act andin carrying out
myexaminationI havefollowedallapplicableDirectionsgivenbytheCharityCommissionunderSection145(5)(b)of the
Act.
Independent examiner's statement
I havecompletedmyexamination.I confirmthatnomaterialmattershavecometomyattentioninconnectionwith the
examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concernsand have come acrossno othermattersin connectionwith the examinationto whichattention should
be drawn in this report in order to enable a proper understanding of the accounts to be reached.
A J Bennewith FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA
The Institute of Chartered Accountants in England and Wales
Bennewith 2018 Limited
t/a A J Bennewith & Co
Upper Ground Floor
18 Farnham Road
Guildford
Surrey
GU1 4XA
Date: .............................................
Page 3
The Betty Riseley Trust for Children
Statement of Financial Activities
for the Year Ended 30 September 2025
Notes
INCOME AND ENDOWMENTS FROM
Investment income
2
EXPENDITURE ON
Raising funds
3
Charitable activities
Grants to institutions
Support costs
Total
Net gains on investments
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD |
30.9.25
Unrestricted
fund
£
55,494
19,530
102,863
18,885
141,278
139,608
53,824
2,155,115
2,208,939 |
30.9.24
Total
funds
£
55,251 |
|
|
28,386
74,839
16,644 |
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|
119,869 |
|
|
209,933 |
|
|
145,315
2,009,800 |
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|
2,155,115 |
The notes form part of these financial statements
Page 4
The Betty Riseley Trust for Children
Balance Sheet
30 September 2025
Notes
FIXED ASSETS
Investments
6
CURRENT ASSETS
Cash at bank
CREDITORS
Amounts falling due within one year
7
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
8
Unrestricted funds
TOTAL FUNDS |
30.9.25
Unrestricted
fund
£
2,185,068
33,051
(9,180)
23,871
2,208,939
2,208,939
2,208,939
2,208,939 |
30.9.24
Total
funds
£
2,140,720
22,245
(7,850) |
|
|
14,395 |
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|
2,155,115 |
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2,155,115 |
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2,155,115 |
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2,155,115 |
The financialstatementswere approvedby the Boardof Trusteesandauthorisedfor issueon .............................................
and were signed on its behalf by:
.............................................
J Lamont - Trustee
The notes form part of these financial statements
Page 5
The Betty Riseley Trust for Children
Notes to the Financial Statements for the Year Ended 30 September 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenprepared in
accordancewith the CharitiesSORP (FRS 102) 'Accountingand Reportingby Charities:Statementof Recommended
PracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReporting Standard
applicablein the UK and Republicof Ireland(FRS 102) (effective 1 January2019)', FinancialReportingStandard 102
'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andtheCharitiesAct2011. The
financialstatementshavebeenpreparedunderthehistoricalcostconvention,withtheexceptionof investments
which are included at market value, as modified by the revaluation of certain assets.
Income
All incomeis recognisedin the Statementof FinancialActivitiesonce the charityhas entitlementto the funds,it is
probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlement and
the amountof the obligationcanbe measuredreliably.Expenditureis accountedforon an accrualsbasisand has
beenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly
attributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of
resources.
Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedasa commitment
but not accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restrictedfundscanonlybe usedforparticularrestrictedpurposeswithinthe objectsof the charity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
INVESTMENT INCOME |
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30.9.25 |
30.9.24 |
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£ |
£ |
Income from listed investments |
55,494 |
55,251 |
continued...
Page 6
The Betty Riseley Trust for Children
Notes to the Financial Statements - continued for the Year Ended 30 September 2025
3. RAISING FUNDS
Investment management costs
Investment management costs |
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30.9.25 |
30.9.24 |
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£ |
£ |
Portfolio management |
19,530 |
28,386 |
4. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended30September2025norforthe year
ended 30 September 2024.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended30September2025norfortheyear ended
30 September 2024.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND ENDOWMENTS FROM
Investment income
EXPENDITURE ON
Raising funds
Charitable activities
Grants to institutions
Support costs
Total
Net gains on investments
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD |
Unrestricted
fund
£
55,251 |
|
28,386
74,839
16,644 |
|
119,869 |
|
209,933 |
|
145,315
2,009,800 |
|
2,155,115 |
continued...
Page 7
The Betty Riseley Trust for Children
Notes to the Financial Statements - continued
for the Year Ended 30 September 2025
6. FIXED ASSET INVESTMENTS
FIXED ASSET INVESTMENTS |
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MARKET VALUE
At 1 October 2024
Additions
Disposals
Revaluations
At 30 September 2025
NET BOOK VALUE
At 30 September 2025
At 30 September 2024 |
|
Listed
investments
£
2,140,720
2,221,740
(2,317,000)
139,608
2,185,068
2,185,068
2,140,720 |
The market value of the investments held at the year-end is represented by: |
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|
30.9.25 |
30.9.24
£
1,095,672
1,045,048
2,140,720 |
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£ |
|
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|
Investment assets in the UK |
120,035 |
|
Investment assets outside the UK |
2,065,033 |
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2,185,068 |
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|
All investments are listed on a recognised stock exchange.
Cost or valuation at 30 September 2025 is represented by:
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Listed |
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|
investments |
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|
£ |
Valuation in |
2025 |
2,185,068 |
Ifthefixedassetinvestmentshadnotbeenrevaluedtheywouldhavebeenincludedatthefollowing historical
cost:
|
30.9.25 |
30.9.24 |
|
£ |
£ |
Cost |
2,105,426 |
1,727,253 |
The fixed asset investments were valued on an open market basis on 30 September 2025 by Quilter Cheviot.
continued...
Page 8
The Betty Riseley Trust for Children
Notes to the Financial Statements - continued for the Year Ended 30 September 2025
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
8.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
55,494
TOTAL FUNDS
55,494
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS |
At
1.10.24
£
2,155,115
2,155,115
Resources
expended
£
(141,278)
(141,278)
At
1.10.23
£
2,009,800
2,009,800 |
|
30.9.25
£
9,180
Net
movement
in funds
£
53,824
53,824
Gains and
losses
£
139,608
139,608
Net
movement
in funds
£
145,315
145,315 |
30.9.24
£
7,850
At
30.9.25
£
2,208,939
2,208,939
Movement
in funds
£
53,824
53,824
At
30.9.24
£
2,155,115
2,155,115 |
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continued...
Page 9
The Betty Riseley Trust for Children
Notes to the Financial Statements - continued for the Year Ended 30 September 2025
8. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
resources
£
55,251
55,251 |
Resources
expended
£
(119,869)
(119,869) |
Gains and
Movement
losses
in funds
£
£
209,933
145,315
209,933
145,315 |
Gains and
Movement
losses
in funds
£
£
209,933
145,315
209,933
145,315 |
|
|
|
|
145,315 |
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
At
1.10.23
£
2,009,800
2,009,800 |
Net
movement
in funds
£
199,139
199,139 |
At
30.9.25
£
2,208,939 |
|
|
|
2,208,939 |
A currentyear12 monthsandprioryear12 monthscombinednetmovementinfunds,includedintheabove are
as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
resources
£
110,745
110,745 |
Resources
expended
£
(261,147)
(261,147) |
Gains and
Movement
losses
in funds
£
£
349,541
199,139
349,541
199,139 |
Gains and
Movement
losses
in funds
£
£
349,541
199,139
349,541
199,139 |
|
|
|
|
199,139 |
continued...
Page 10
The Betty Riseley Trust for Children
Notes to the Financial Statements - continued for the Year Ended 30 September 2025
9. RELATED PARTY DISCLOSURES
One of the Trustees of the Betty Riseley Trust, Mr J Lamont, is a partner of Hart Brown Solicitors.
Duringtheyearended30September2025,TheBettyRiseleyTrustpaidlegalfeesof£13,200(2024:£11,591) to
Hart Brown Solicitors. The fees are calculated on an arms-length basis.
Page 11
The Betty Riseley Trust for Children
INCOME AND ENDOWMENTS
Investment income
Income from listed investments
Total incoming resources
EXPENDITURE
Investment management costs
Portfolio management
Charitable activities
Admin fees
Grants to institutions
Support costs
Management
Insurance
Website
Governance costs
Accountancy
Legal fees
Total resources expended
Net expenditure |
Detailed Statement of Financial Activities
for the Year Ended 30 September 2025
30.9.25
30.9.24
£
£
55,494
55,251
55,494
55,251
19,530
28,386
342
126
102,863
74,839
103,205
74,965
1,373
2,587
1,150
-
2,523
2,587
2,820
2,340
13,200
11,591
16,020
13,931
141,278
119,869
(85,784)
(64,618) |
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This page does not form part of the statutory financial statements
Page 12