Cf*nm•nial inrJ)nfi¢* Financial Statements The Boparan Charitable Trust (A company ]imited by guarantee For the year ended January 2021 I￿P•￿ Vllle sljrs ShTne brrqhl lllWII AAeuTS76' A14 #169 COMPANIES FKXJSE Charity no. 1129992 C¢xnpany No. 06852304 The Bop•r4tt Gh?rltabl• Tntst {A eompany HM1t￿ by gllarnnt••) FOnanGlal stal•ments for the y•ar end•d 3rf January 2021 Company inform2ti0n ornpany re9lstratlon number ¢harfty rn9l$t•red numb•r 1129992 Re9lsteT•d offic• Colmorc Court 9 Colmore Row Bitmingh3m B3 2BJ Dlr•ctDr4 A Bopar4n (Chairn]aD) B Bop2rAn K Macdona]d Porter S•¢r¢tary A Boparan Bank•rs Bank of Scod#nd 55 Temple Row Bim)ingham B2 SLS Audltor GrantThornion UK Thc Colmore Building 20 Coimore Circus Bitminb7ham B4 6AT Tho BoparaTh Charltabl• Trust {A ¢ompary Ilmlt•d by guarahtoe) Fin#n¢lal $t•tem•nts l•f th• y•ar ¢nded Jahu•ry 2021 Index Trnste￿. rnport Rep•rt Of the independ•nt audl¢•r Sl•toment •f fin•n¢lal actlvilles 12 Balanc• sheet 13 Cash now staternènt 14 Mot•s to th* flnanclal stalèm•nt$ 15-20 Coff4nerdal In ccrf+Jenc• Thè BoparaN ¢haTltable Trust IA ¢•mpany 11m1t￿ by guarantee) Flna*¢lal *tat•mMts f•r year ended January 2021 Trustees, report Th¢ TTU5*C5 pr¢5ent th¢iT report and firtarKi￿ statements for thc Ivr aMl¢d Y J￿Y3T}. 2021. The 6nan¢i ststemenTS have been prepared in accord2rK¢ with the accounting polieies ser our in nore I to the accounts and comply with th¢ Ch￿lUeS Act 2011. the Companic5 Act and the Sw¢m¢nr of Recommer￿d Pr*ctiee Actountin8 and Reporting b), Chatiues. strnctsr•i gov•rnanc• and mana9•m•nt The Boparan Charitsble Tr￿st is a charit> by way of a company limited b). gu#ranttt (Number 06852304) and is a tegisrered chATiry. The Bopar¥n Cha¥xtrbk Tntst sained charitabk ststU5 on the 4 Junc 2fKJ9. The rcgi5tercd chatiti. rlumbcr is 1129991 The dirmot5 of th¢ th2ritsble compan} arc its ttustecs for thc pu4x>5¢s of law. The trtssttts who have setvcd during the EJ¢riod and sinc¢ the year aid ue sec oyi on Pa￿ I. All m#Nets of policy and management #re deremlined b). Ttustccs who mcet routineli, on a quarterly basis durirtg a year and additionally when arcumstxnce5 requirL The ffftartei￿ st2tcmcnts are prcscntcd in ¥cordance with th¢ Statement of R¢comrn¢nd¢d Practictr. 9pplicable for ch2ri¢ies prcparing thcir accounts in accofd2ncc with FRS 102 C'Ch#riry FRS 102 SORP"). Risk man¥9ement Hal'ing regard to the Tn￿t'S orgJnisation 2rkd 2CliVitiCS. it is the irycw of theTrtsstees thar the major tisks to which Trusr mgy bc exposed are laryel), financi41 in n4wtt. S)stcms OF Intern￿ control provide reasonablc assurance yinst matthixl misstttement or loss and thcy irtdud Regular review of the fir¢ancial resul￿ of ehariry S¢greg2uon of duiies Pro￿dUr¢S for the ¥uthotisauoo of all transxuons and ptoitcts Identificaiion and manlgtmeni or iisks The Tnjstecs conunuc ro be vip]ant and to keep processes urtdcr rcvicw w cn5urc that thc rn2jor risks to which the chariry is ¢xposed are miugAt¢d New trustees Utsderb￿ aPPTOPZiate ￿lent￿lIon to biief thcm on their lyl obligations l￿der ch2tiry 2nd company law. thc contcnt of the d)2rit>'s Trust d¢¢d. the decision making processes. thc business plan and rttenr financial Frfomunce of the tlwity. Obl•ctlv•s and aetlvllles l•ff th• pulAk benefft Th¢ objec¢s of the charitable company are to h¢]p chitdren and )Dung people. up to thc age of 18. a£￿$S England and IV21e5. who are disadl￿ta8cd either through pov¢rti'. disabi]it)' or teftnti)ai J]ness. Th¢Trusreesronfirm that they have referred ro the guidance contstncd in the Chatitycommission's genera] guidance on public benefit when reviewing the Trusr's 9ims and objectives and in planning fvtur¢ activiiic5 god Setting the gtant making p)iicy for the )t4r. CtyThnwi•lin c4nfth The eoparan Charl¢abl• Tn￿t IA ¢•mpany Ilmlt•d by guar4ntw) Flnan¢i*l stat•m•ttts th• y••r •nded 3A January 2021 Trustees, report (continued) Revlew ￿ the past year Th¢ incoming r¢50urces OE thc Tt￿t for the y¢2r tt> 3d Januar>, 2021 *nount¢d to £295,381 (2019.. £744.646). £3,496 (2019.. £28.68]) was tspended ftsr Trising fimds. £684.975 (2019: £1.038228) w25 absotb¢d by charitablc acuviti¢s indu. £10,900) absorbed by grywernance costs ltraving net incoming {up¢ndiwre)/r¢50urccs for thc ycar of (D93.W (2019. (£321263)). A year of adaptioo and thange for Th¢ BoFaran ChaTit*ble Trust. The @obal Fandemic has meanr that we aiFe had to ad2Pt our wa), of working io ¢nsure that the Trust C2n sttll eff¢cfii'¢ly and effKi¢ntl)' d¢aJ with the 4)plicatsons grow awAreness for the Tntsi across SOCI￿ media atld virn￿ ¢vents. Our 2ppb"cauofts were up b). 31•/4 this was due to a lot of Fyoplc falling on h2rd tyncs during the pandemic. many charities no¢ accepliog applications and the HS withdrawing treaancnrs therdPiCS ro focus on thc pattdcmic. A big focus of outs was to keep our applications open 2nd continu¢ 10 support our bcneficiaries. 10 be able ro do this we had to suam]ine our appb'cation processing. lnstNm￿laI to this W25 moi'ing ovr apptiC2ti0n form onlLnC which is now PT¢dOMi￿rI}. digi￿1, this h¥ gllowcd the IV4m to pKK¢ss thc Ippliutions in 4 timely manner whibr to work reM0￿Y due to the nati0ti21 lockdowns. Thi5 digitalisation w￿1 rnean the Tr￿st work more cfficienTI)' mo44ng fonvard. Throughout thc year w¢ have hdFd 548 indi￿a￿lI chil&¢n with 6Jxxling fot SExcialisr equipmen4 essenugj therapies for dislbkd chi]dTcn and household necessiries to support famities in lft ddition to this, we providcd £17.¢JJ) worth of food }￿lle￿crS to families thgr wcre direcTI)' suffering due ro th¢ imp*¢t of the panderniq and l(W thildrcn with half tcrni food parttls to hdp combat sdKd hgiiday povcrty. Ve continue ¢0 gTr)w our online prcscncc across soci21 mdi? dI￿n￿$ are wntinuinBly r¢suYchiNg ncw ways to interacr with out Xudience thr￿ social media and dytal ttr)Is. In the12st )'¢ar we h2I'e becn tt2i]ing new in which we can g¢ntrAtc r¢Vents￿ ftjr the charifj such as through on]ifte shopping referrA]s and online cvert￿ such as Qtsizzcs. some of which we T4ryll conunuc ro usc to Fundr2isc fonv2rd when rcstrActions ar¢ lifted. A p4r¢ioJlar focus of outs was to rdaunth out ¢mpk))w 8ivin8 scheme ￿ en848e with new prosecr donoTS and ro maintain the cutrent donors during an vncertain ycar for many. A hightight w#$ wdtorning a new ch￿lty amba55ador to the Tr4tsL Riclwd Chigssaro. Richard is aT54 whcdchair r4cer ft*r Great Briuin. he has achicved mcda15 around thc and is oJrrentl)' ranked numbcr 3 in th¢ world He is comp¢iing in th¢ forth cw world championships and PaTAiympic games. Ve are working with Rithard to raisc awarencss and to help the Trustrs fundr2isJng effort& Reserves p•l•ey It ts thc policy of thc Trustccs to m2intsin the g¢n¢rAi unreswicred ful￿5 ar a Iti¥cI ro provide sufficient funds in r¢serycs ￿ mcct thc future aniicipared demands on the Tru5e5 ￿souTCtS. Hawng rcgard to the ]ikdy leve15 of incoming resource5 and direa C￿tillb]e expendirur4 theTrustees are s2Tisfied thar the fimds artd Assets #t 3A Januat). 2021 25 r¢fl¢a¢d in the baiance shcrt arc av?ilablc and adequate for the Trustecs ro fu]fil the ob]igdtion5 of the Chariry, and mahnuin its op¢rationk R¢s¢rYu h¢ld at Y January 2021 were £1.804.724. Th• B•p>r•h Gharltable Trnsl {A ¢ompry Ilmlt¢d by FlnaDclal statem•nt$ for thE year thd•d ￿ Janyary 2021 Trustees, report (continued) Plan¥ l•r the As a charit), our priorit), 15 io continue tQ 5UPPOrt the childrcn that need us. These are unpreccdcnted times and with coronavirus effething our fundrAising acuvjues we are lTr)king inro altemaui7C fijndraising oppommitiu to ¢nsur¢ the fuwre of th¢ tharity. Ve have set Our g PW8ram of onlin¢ n'ents to replace 50m¢ of the evenrs in whith our patrons woukl norniall} partiopatc in. and will rnoniror adwce on w.hen it is safe ro carry out Euture live cvetsts. IVC on£inue ro research *n> Funding and Gr4nts th*r become avajiable ro the charin.. Ive Mryu continue grow our social plarfomis and make use of the tLW)Is they tart prowde us for both fundraising and Trn$t•e￿ rnsponslbllltl•s slatement Thc Trnstecs (who 2r¢ 2150 directors of The BoparJn Charitable TtU5t for the pu￿￿$£$ of company jaw) are responsiblc forprcpJtingtheTrusiees' Reportand the financi￿ smements in aecordantewith applicable law and regulation Compan), law require5 thc Trustecs to prcpare financizl statcments for each fm2nci21 year. Under that ]xw th¢ Trust¢¢s have electd w pr¢paT¢ th¢ fin2nci21 stst¢rn¢n￿ in 3ccord4oce Unired Ktngdom Generall}, Accepted Accounung Prnetice ￿nited Kingd¢)m Attounting Stsndards and app]icablc law). induding FRS 102. Th¢ Financi21 R¢poaing Standard appiic2blc in thc UK 2nd Republic of Ir¢]and Under compan), law thc Tfusrces must nor approve the finanaai s￿leMents unless they are s#u$ficd that they givc a true and fair vicw of the ststc of affairs of the ch2titsble comp2n)' 2nd of thc incoming rtsources 2nd application of rcsources. induding th¢ incomc and G¥pe¢￿it￿r¢. of the d￿n￿b]e comp#n} for thar ￿lOd. In preparing these f￿anCial statements. the T￿￿tee5 arc reqvired sclcct suitsbk xcounting poliucs and then apply them consistenrl).: ob5¢tk'c the methods 2nd ptinriples in the Charities SORP (FRS Ioz): makc judgments 2nd cstimatcs that are re25on2blc and pmd¢ntr. and pr¢pare the fingnLual stxtements on the going concem bLsis unl¢ss ir is inapp¢opriate to presume thar the charitable company will c¢)niinue irt bu5incss. 11)e trusrees are responsiblc for kccpinsadcqu￿c ¥Cc04￿lifig records tharare sufficient 10 Show and expbin thc charitsblc compzn) s transaction5 and disdose with re250fLabl¢ accurxs at any tim¢ the fin2nci31 posiuon of the charitxble company and en2blc thcm w ensurc thar thc finanaal 5ratements comply the Companics Act 2(M)6. They are a]so responsible for SafegUardll￿ the assets of the charttsbl¢ wmpan) and hence for taking reasonable steps for the pr¢v¢niioa and &rcaion of fraud and othcr irr*ritie5. The uustees confirm so Ear as each trustee is thetc is no rde%•nr audir infomution of which the chatitsbl¢ company's auditor is un2w2rc' 2nd the tmsrees hiv¢ raken gjl $teps thar thei. ou8hr to have uken 4$ uusrees in order to makc themsdvcs aware of any Tdei'ant audit infotmallon #nd to establish that the tharitsble compan}'s *tsdi¢or is aware of that information. The 8op*rdn Charflabl• Trust {A company Ilmlled by w•t•nt•el Finan¢lal stst•mèhts for th• year eAd¢d 3wd January 2021 Trustees, report (continued) In prewitig this repor4 the m15tett have tyken advatttage of the sm*U Corn￿¢$. exetiyions in Part 15 of the Comp2ni¢s Ac¢ 201 On behalf of the Tws A BopAf4n TnTSt¢¢ Dafe: 13.3.a GrantThornton Independent auditor's report to the members of The Bop2ran Charitable Trust (A company limited by guarantee) Oplnlon V¢ haye audired the finanoal ststements ofThe Bop)ran Chaat#ble Tn￿r (the '¢haritgbk eompaft}4 for the pefiod ¢nd¢d 3rd j￿￿24. 2021. which comprisc the Sut¢m¢nt of FJn2ncial ￿L￿ne5 (In¢oTporiung the incomc gnd expenditur¢ account). the Ba1￿ce ShttL tht C2sh Fknv ststurth¢t)( #nd notes ro the fingncia] staremenrs, inclu&"ng 2 summ2o' of si&)ificant aecounung p0bue￿ The fin2ncia] reporting Er2m¢work that has Ix¢n 2ppb"¢d in their prcpar2ti0n is 2ppiicable12W3rtd Unitcd lQngdom AccounringStsnd2￿S including Finaneiai R¢poning St2ndard 101. Thc Fmartti￿ ReporTing Sundard applbcable in thc UK and Republic of Irdand (United Kingdom Gcnerally Acccptcd Accimmurtg P￿ctiCe). In out opioion, tk fin*￿1#1 sThtanents: giye A true and fail Yivw of the stare OF the chaTit3blc ¢omFunrfs affairs 25 at 3rd January 2021 and of its incomingrcsourccs and app]icatitin of rcsources indudin& its incomc and expenditure fot the Extiod then ended. hai'¢ bctn propcrly pr¢p2r¢d in accordaKKe with Unit￿4 Kingdom Genetglly Accepted Accountin8 Pracuce; wd have been prepared in xctxdance with the requirtments ofthe Companies Act 2fAJ6. Basls for •pinl•n We have been appoinred # auditor undtt the Companies Act 2{￿ and rq￿t in accordartce with regu]ations made under that ACL Wc condutted t)ur aLMlit Èn acwrdance with Internauonat Stsnd2rds on Auditing (UK) USAS IUK)) 2nd appllcable law. Our responsibiliues under those st2nd2rds are further d¢5aibcd iti the 'Audirofs rwn5ibili¢ies for the audit of the 6nAncI￿ sratements scciion. of our repotL Ve are indepctsdcnt of the charifabk cott)parhyin accordattce vjith the ethical rquirements that are rdevant io our audir of the fmancial sraremtrAt5 io the UK It￿uding the FRC'S Ethic￿ Stsndard. and we haile fulfilled our other ethical ttspoosibiliiies in ￿e0¢dance with these requir¢mrnEs. Ive believe thai the audit eyidcncc we have ob¢ained is sufficicnt and 2ppropiiat¢ ro provid¢ 2 b25i5 for our opinion. Concluslgns relatlng t• golftg Con￿rn We tt5ponsibl¢ for condudmgon the 3ppDyi4tefje55 of the tTWStees' use of the goingconceu) bask% of counting and. based on the audit eYid¢nceobuine&whethcr a rnater￿ uncenairttjp Uists relatcd to or eondiuons that may casr swificant doubl on the dwitsbic cornparA*s 2bi]it) to contiou¢ ¥ a going concem. If wc condude that a m3¢ttiai unc¢rtainry ¢oo we do nor &¥PT￿ in), fom of assurance condusion thcreon. In connection our audit of the financial stsiemcttts. OUT rc5ponsibiiits' is to read thc other infornution artd. irt doing so. considcr whether the other information is matetially Ènconstsrertt the financial Sf2¢¢m¢nts or our knowl¢dge obtsined in the audit or othcNrysc aPP￿r$ to bc mat¢ii2lly mis$t2ted. If we Jdctttifjt suth mir¢rial ineonsiswncies or apparent Maleri￿ missttt¢m¢nts. we 2re required to de¢erniine wh¢thcr thcre 15 a materi21 misstatement in the finana21 statcments or z matcriai mis5t2tuncnt of the other infonn200n. If. based on thc work we h2v¢ ￿rf0Ml¢d. we conclude that there is 2 mat¢rig1 missrAtcment oEthis other infonnaiion. wc are requir￿ w tepor( thar fxL Ve have nothing to repott in this regard Oplnlon an other matters pre3crflx¥d by the C•mpanl•s Act 2006 In our opiftion. b￿¢d oft the *x•rk underukn in the ctxllse of the audi the irtfornution ￿V*n in the Rep)rt aad thc Diter￿. Repory Prep￿ed for the putposes of compan). izw. irtdudcd in the TDJStees' Annual Rq￿rt for the financial pcrK¥l for which the financial Statemen￿ are prypared is consist¢nr with the financial sutements. the Strategic Report znd the Dite¢tots' Repott included in the TDJ$ttts' Anftu21 Report have bee prepar¢d accordance with applicable l¢gal requiremen Matter on whl¢h w• are requlrod t• rryirt uwder th• ¢•mp•nl¢s Aet 2006 In the light of the knowl¢d8¢ and underst2nding of the ch¥ir3ble company 2nd irs environmenr obuined in th¢ coursc of the audit. we have not idenufied rn2teri￿ misstaremthts in the Str3te&c RcFrf)rt or the Direcrozs. Report iDcluded in the Trustees, Ann￿￿ ReporL Matt•rs OTh whl¢h we ar? r•qulrnd t• vewt by e￿•Poo• Vc have nothing to rcport in r¢sp¢cr of the Eouowing matters in r¢131ion to which the Companie5 Act 2fA)6 ¢fyMrner(ial in canfrdenct GrantThornton Independent auditor's report to the members of The Bop2ran ch￿itable Trust (A company limited by gu2rantee) requir¢5 U5 to report if. in our opinio￿. 2dcqua¢e #ccounting r¢cords have not Ixen kw or reDJm$ 2dequa¢e for our audit haiFe not bren receii'ed from branches not ￿51[ed b), us" or thc financial statements are nor in wtnt with the accounting records rcDAms' or ccrtain disdosurcs of trusttts. remunerAtion specified by law are not madc. or we hai'e nor iecei%'ed au the infom)aiion and explanailons we r4uite for our aLtdiE or the trnstees wete norenritled ro prep4rc the finarteiai statemtftfs in ￿0rdanCewIth thesmall companies regime and tskc 3dvan¢age of the 5maU comF>20i¢5 ¢xemp¢KJn frorn the requirem¢nT to prewAre a str*regic rcporL R•sp•nslbllltles •1 trugtws f•r the fiftan¢lal $t•tements As ¢xplain¢d more fujlj in the Tn￿￿, Responsibilities Statcznen4 the trustees (vkn are also the directors of the ¢hititabk wmpany ftir thc puq)0ses of comP￿Y law) are rcsFM)nsibl¢ fot pr¢par4uon of the fin3ncial stal¢rnen￿ and for ￿Ing saiisfied that th¢y 8ii.¢ 2 rwe #ftd fair view. for Such inrernal control as the trusi¢es detemiin¢ is ncc¢ssary 10 enablc thc prepration of finanaal statcmcnts that are frce from m#teriai misstgtemenE whethcr due to fiaud or crTOr. In ptep¥ing the fwnci21 sta¢cmen￿ the tn￿ttt5 resE>onsibk fot I5￿5$1n8 the rh¥tir2ble compan) 5 abili(J to coniinue as a going conc¢to disdosin& Is appJicabl< rn￿ets rdatcd to going concern and using th¢ going con¢em basis of accouniing unkss th¢ (TU5tees either iniend io liguidatc the tharirable compan). or to ccase opcration5. or h2Y¢ no rc31Èstic 21temztive but to do s Audltorfs Tesponslbultles l•r the audlt of th• Ilnancial stat•mehts Our obi¢ctive5 ar¢ to obtain rc2son2blc ¥surAnce 2boutwhether the flluncigj sprements &$ 2 whole are free Etom matuijl mi55fatcmcn¢ whctherdue to fr2ud or erm, and to k55Ue aft audiior's Eewjrt that indudes our opinion. R&￿9nab1¢ assurance is a high lad of ￿UranCe but is not a 8U2rJntec that an audit condutttd in accordancc with ISAS (UK) Mll detect a rn2kii21 mi5sutyixnt TrvhcTr 1¢ exis htisstatements cat) aJise from fraud or error arKI are considcrcd matttial IE. in&"vidu2U> or in the aggregate. they codd reasonably bc • to influeA¢e the economic decisions of tss¢rs ￿k¢A on th¢ basis of th¢sc flluncial statements. A fvrther description of our Tcsponsibilitits for the a￿lt of the financtal statcm¢nts is locared on thc Finartti21 Rcporting Council's web5it¢ 4¢ www.frr.oT.uk/audiiorsrespon5ibilitics. Thi5 dexripiion fo￿$ PArt ofovx Audi¢oVs report. Explanatlon ag to what •xt•nt th• audft was ton￿dered upabl• of deteetlng Irre8ulaTiIIwJ• includlftg fraud Irre￿lantIC$, indu&rtg frau(L arc insrances of non-compbantt with laws and re￿12tionS. Illc desi procedtstts in ]ifte with our responsibilitic4 Outlincd above. to detect marerial mi$sureMen￿ in respect of iffegulatiti¢s. indu&"ng fraud. 04ring to the inbeTentlimitttions of an *udiE thete 15 an un#Yoidable risk that material misstaiem¢nts in the financtal stat¢o)ents may nor be dctecred ev¢n though the zudit is properly GrantThornton 10 Independent auditor's report to the members of The Boparan Charitsble Trust (A company limited by guarantee) planncd 2nd ptrfomied in accordance the ISAS (UIQ. The Lxtent to whith our Pr￿edur¢S are capable of de[￿lti￿lTTc8UknotI¢$. itiduditig frxud is dctthd IKIQW. We obtained an undetsTrnding of the kgal 2rA regulawr). frnmeworks that are applicabk ro the charitablc comwAn)' and d¢wmind that the rnost signtfic8nt are thosc that rdatc io the rqM)rring framewotks (FRS 101 the s￿reMeftt of Reeommcnded Practkce: Accounting and Rcporting b). Ch2ritic5. Cbariocs Act Xjll ond Compani¢s Act 2000. Ve communicgtcd rel¢v2nr laws and regulauons 2nd potential fNud risks to au Cnwrmenr ream mernber5 and remaincd 41¢rt to indicaoons of frgud or non-comp]ianc¢ uryth ]4ws and regulations throu8hout the #udiL Ve cn9uircd of management and those tha￿ed with ￿vem#h￿. tonteming thc charirable ¢ompany's polities and PToccdurcs rclating t the idcnuficatioo cvaiuation and comp]iance with12w5 and Tcgulauons; and the dctection 2nd resp)nse to thc risks of fraud. Ve enquired OF m2na8¢rn¢nt and those charged with governanc< whether wert aw4re of ¥ny instanctt OE fton-(ompli2ncc with and reguiation5 or u.h¢th¢r thw. had any knowlcdge of 2Ctuat. 5USP¢Cted or 2llcged fr2tsd. Ve corroborared the r¢suirs of our enquires to rekyant supportingdocumentauon. Audit procedures p¢rfoftned by the eagagement ream indudcd.. cvalLt2ti0n of the PrOgrJm￿ 2nd controls established ro xldrtss th¢ risks re12wd irreguhriucs and frAud: testing martU2I journ￿ cntsies. in particular journ￿ entries rel81ing to m3n2gement estimates and enuies defemilned ro be or rdating to unusual tranuctions: o identifying 2nd testing rdated parry transactions. Assusment of the appropriattncss of the colleaiv¢ com￿ten￿ and cgpabilities of the enK48emenr team induded consideration of thc ertg38emeni ream'k" undersundins of, aThJ practic¥1 ¢xpcrience with audit engagcttxnts of a similar natutt aftd complcxtt). through 2ppropti2te rraining and p2rtiCiP2ti0n' knowledge of the indusu> in which thc dient opeTrtcs; nderstanding of thc Icgal and regulatory r¢quirernents speci6c io the chritable cotnpwy indudinK. the provisii>n5 Qf th¢ 2ppiithk l¢gi51aw the 2pplÉcable stswtory proiqsions. Ve did not identify any matters relating to non-compliance with laTAry and twJ2EÈon and fAth4. In #s5essins thc potcnEi21 risks gf Mareri￿ missuremenL w¢ obtained an underswiding OF. o thc dwitsb]¢ cornpany'5 operations. indud1￿ the naDJre of its revenue sources and ofits objeuiyes arA stAtcgies to urldersrand the dassts of tran52ciion5. account b2]2nc¢s. xpected financia] staiemeftt disdosurts and busincss risks thar may wulr iti risks of material misstatemen the 2ppknc2blc 5raiutot)' provisions: Comrrtwl in ¢Mf4lw GrantThornton Independent auditor's report to the members of The Boparan Charitable Trust (A company limited by guarantee 0 the chatitable company 's contml environmen4 induding th¢ polL"Cl￿ 2rtd PTocedures implcmentcd to comply with the requirements of its TWI2￿r. the adequao. of proeedurcs for authorisaoon of tr3ns#ctÈons intemal [c￿eW pr(Kedure5 over thc clwit2bl¢ company's compiianee with re￿I#l0T￿, rcquircmcnts. Use •f our v•port Thi5 r¢port 15 made sold) to the Chari￿ble comp2nJ'5 mcrnbe￿ as A bod}". in 2CCOtdantt with CILTrtet 3 of P2n 16 OE the Companies Au 2￿. Our audit work has been undertaken so that we might st*t¢ to thc charirabk compan)'s McmE￿[S th05¢ m3tt¢rs we ¥e t¢quittd tr) Stsre io them iti ￿ #uditOTS report and for no oth¢r purpos¢. To thc s￿e$r extenr permitted by law. we do not acccpt or assume rc5ponsibility to an>one other than the ch*ifabk company and the ch￿lIable comp2n} s members ￿ i bod)'p for our audit work. for thi5 reF¥n or for the opinions wc have fonne(L Villixm Dcvitt Bsc FOI DChA Seruor Staturory AudiTor for and on beh2]f OE Grant Thomton UK LLP StatutOT)' Iluditor. Ch2rr¢rcd Accountsnts B[￿111￿GHAh{ D2tC'. 14 July 2021 Thv 8•p8ran Charltable Trust {A Company ¥mlled by guarnntee? Financial ststements for the y￿r Ended 3F• JanM•ry 2021 12 Statement of Financial Activities (incoo)orating the income & expenditure account) Period to 3 Petiod to 29 Jan 21)21 Dec 2019 Note tncorne Donations and lega¢i¢s Investsy)cnts Other tr2th.ng activities Total 27ffj139 376.192 17.429 3il,025 744.646 11.989 295,381 Expendlture Raising bjnds Chatirablc ac¢iYities 496) P8.681) (684975) (1.038.228) {688,471) 0.066.909) (393,090) (321263) (393,090) (322263) 1197,814 2520.077 1.804,724 2,197,8l4 Tot Net (expendiiure)/income Nei movement in funds Toro1 fitrnds bt0￿￿t fonyard Toial funds cauied forward The￿ arc no rccognised Kdins or1055esothct as SI￿￿} in the 514tementof fin•ncial aaivities aboye. All incoming resources ze50urces expended ate in respect of unttsrricted funds and gcneraied from continuing atuviue5. The accompanykn• accountlng p•ll¢l•¥ and fonn part ol th•s• Ilnan¢lal st•temEnts. COMM￿?1 incorthdw Tho Bop4ra• Gh•rltable Tr*st (A ¢omp•#y Ilmlted by 9U•rn#I￿j Fln•ncial 5tat•ment$ 1gT th• y•ar •Aded Janw•y 2021 13 Ba12nce sheet 3 Jan 2021 29 Dec 2019 Note Cuuent as4ets Trade ared in accordance with the Staiement of Rccomtnendd Practice Accounting2nd Reportbngby Ch2riries prep21￿8 their accounts in accordance with the Financial Rep)Thing Staftdard app]icable in the UK and Rcpvblic of Ireland (FRS 102) and the Companics Act 2006. ThcTNst mect5 the definition of a public benefir eotiryunder FRS 102 and is incowrat¢d in aod Valcs. The 6n2nual sut¢m¢nty have be￿ picpared under the historical cost convention. The prinup21 ac£ourLting pobucs of thc chariry gr¢ Set out bdow. The financtai sur¢meots 2re presented in steding ￿ #nd no to￿￿ng has been appb'cd. Going eoneern The tmsitcs have consvktcd the TLwrf$ abiliry ￿ Continue #$ a going concern and have ￿vcn particular 4ttention ro consideringthe impact of Co%ryd-19.The trustees Co￿lder that th¢Trwt has suffici¢nt resources to continue to meet its financial ob]igJrions 25 the), fall du¢ for a E)eriod of n¢x Ic55 than twelyc month5 from the date of 2pproi.al ofthese firt2ncial ststements.Thc) ther¢for¢ continue to adopt the goingconccm basis of 2ccounung in ptqwing the fin￿£111 sratemtht* Incoffting tesoufces All incom¢ is recognised wh¢n th¢ condiiions for and any perfomuncc conditions attached to the ircm(s) of ineome have be￿ mer. ir is probable thc income will b¢ rcceivcd 2nd sufficscnt inFom)ation has bttn received to %'Aiue the income with Virtu￿ certainry. Inierest from inv¢sttn¢nty Int¢￿s[ on funds hcld on deposir is induded whcn rtteiyabie and the amount c2n be m￿Su[cd rdiably by the TrusL This is nomiauy upon notification of the intcrest paid or w4J?ble b} th¢ b3nk Re59urw expended xpendirure. which is charged ￿ the S(*remertt of Financi￿ At11wti￿ in thc pcriod in which it is in¢utrc is allocared bethvetn: exp¢nditutt incurred dittcdy in the fidfijmeftt of the Trn$t's obietuvcs (chatitsbk 2CtiWl¥Cs): expenditure incurred dirccLly in the effort to raise voluntary contri￿tiOnS (cost of raising funds). and support and goi'crnancc costs which rq)reserLt the cost5 of *dmiiu$rrauon. Governaftcc costs indude Costs ￿$00%[¢d with meeting the consOWU00213nd sururory. requiranents of the Tnjst 2nd indude ¢osts linked to the stratcgic mawcnt of the TntsL Exper￿Etu￿ oo d￿rityb￿ comprises thox cosrs incurred by the Tnsst irA the ddivcry of its #crivities and SC￿1£¢$ foT benefieiatics. It indudcs both costs that ran be allocgted th'recd> to such actiyitics and those t05ts of 2n indircct naturc nece55ary to $UPFMlrt thcm. AII Co5￿ 2re al)OC#Ta bew¢n the ￿pendi￿r¢ raregories of thc Sratement of Fw•noaJ Acuvill¢5 on * basi5 desigmcd to reflcct the use of the rcsourc Aiio¢ation of suppon gnd govtrnance costs Support costs are thosc fiJnctions that assisr the work of the TnL5f but do not direcd). undengke charitable activiti¢5. Support Costs indude pa}YoU. insuranc4 pe¥sonne] and govemance costs whith SVPExJrt th¢ eharity's activities. Thcs¢ costs have becn #iiocated bctween costs of zat5ing funds and sxpenditur¢ on charitable acuvities. The all￿U0ft of support $nd 80i'ernanc¢ costs is gngJ)'sed in the ttotc Th• 4￿M*•￿Y1TrI a¢£Oun*lftg p•Ucl•¥ n•ts• •ft 15. ZOf•rni w¢ ￿ thw4• Iln•vKlal Jtatem¢n¢ Th• Boparatt ¢harlt•blo Trust (A cwnp•Thy lknll•d by yaranl••) Flnaft¢Jal statements lor th• year endgd 3ff• J•nuary 2021 16 Notes to the financial statements (continued) Pronclpal acewntlng powes {c•ntlTru•d) Governance costs comprise 21] costs involw the public accounubiljty of the Trust and irs compliance with regulation and good practice. Thesc costs indude costs rd•tcd to l¢821 f¢cs with art apportionment of oveihead and support co$￿. DebtOTS Trad¢ 2nd other &b1ors are recognised a¢ th¢ sertlement amout)t Preplimen￿ xre ￿￿ed at the net amounr prep￿. Cash at baDk and in hand Cash at bank and c¥h in hgnd includ¢s cash and short tcnn highl} bquid inv¢sun¢nts with g shon maturity of thr¢e months or less from the dare of acquisition oropcnirtg of the dcp05it or similar 4ccourtL Ctethtors Crcdirors arc rccognised where the Trnst has a present obligation rcsulting fiom 2 past ei'ent thar will prolyJbl)' r¢sy]r in the transfer of furmls to a third parry and the gmounr due to Settle the obligaiion cart be mc25ured or Lstimated reliabli.. Cryditors are normally recognisd at thcir scttlcmcnt amouftt aft¢T aJkn¥ing for an). tradc discoLtnts du Financi￿ in8iruments The ¢h2ritsble company only has fU￿nCl21 assets And fifiancigl b'abilities of a kind that qualtfy as b2SRC financi￿ in5trurnents. BasÉc fin2no21 instrumcnts are initizllj recogni*d at tr2nsa¢tK)n v21uc and subscqu¢nd>' measured at their %ui¢mcnt value. Funds sttuetute A]] The B0pat￿ CharitsbkTws¢'s furth are unresttiud These are 6Jnds which can be used in accorda1￿¢ with the chariuble obiecrs at the discretion of the trusrce& Application Process The Bop3ran Ch2ritablc Trust wants to bdp many children 2nd young pcople ￿ possiblt 3rd 6JUy welcomes *pplic*uons from al] seciions of the communiry. Each applicaiion is thorough]), asg5s¢d ro ensur it mc¢ts the uiteria kfore bcing put b¢forc th¢ decision panel of Trufftes. Judg¢ments In applyln9 ae¢•uDtIft9 polkles afid key souree¥ ￿ estlrnation uneertalnty Prepardtion of the fif)W)CigJ stsremenrs ha5 nor rwured the Trusttts to make an)F sigmificanr judgements or estim¥tes. There are no kcsi 2ssumptititis conc¢ming the othtt ke). Sourc￿ of fSTimaiion unc¢naint>' at the r¢porting dat< thai have a significant risk of caustng a m&tthyal adjustmenr to the tamryng amourtt of 2sSCts and ii2biJitie5 within the ftext financd ycar. Charftabl• status ThcTrust is a rcgist¢r¢d chariw. numkn 1129992 and 15 uempt fw incomt.cokpDrauon ar￿ capitrl gains pro￿dea ILS income al￿ gains are applied for (b￿lt￿b]e purpose5. The BoparaTr Chatitable T￿st (A Ilmlted by S￿aran￿OI FitranGial 5tat¢ménts for the yoar •nd•d ¥ Jan4•ry 2021 17 Notes to the f￿anCIal statements (continued) Incon PerAod to 3 Period to 29 JAtt 2021 Dec 2019 Ineomt from donaiions and le>AC￿6 (Clmtitable artiwitie$) Donauon from BO￿T￿ Events IAtnited iti tt]aiion to thc Bright Star Ball Other doNuons Z15,151 386.644 (10,452) 37Ql92 276,139 The income £ron) do￿tiOnS and IcEa¢ies was all unresrrictui The Trnst bcncfits from thc involvement and suppon of voluntrerL In xccordxncc with FRS 102 #nd the Chatities SORP (FILS 102) the economic c¢)nttibvllon of gett￿¥j voluoreets is tM)t recognised in aCCOVE￿. Period to 3 Pericd to 29 Jan 2021 tkc 2019 Income from oiber itadJDg ¥cti￿tieS Bright StsrBail Football Tournament Raffle Gift Aid GAYE Chality Runi Con￿rt Less In Aid of Shopping/Chri5unas PtudentiaL bike ride ViituaL Quiz VAmJ21 Races Ttikc Challeng¢ 12dies L￿￿ch Sobet Ocrober GolETOUrn￿￿ent Facebook ComF¢iiio skydt.ve Family Fwid R9ising Infl2tsbl¢s Three Peaks Fitt boxing Bungec lump Other 268.086 84) 160 144 8J24 iJoo 11.511 14.058 179 2518 433 537 375 s￿)3 141 3.810 163 2.572 17,466 10.442 1.734 240 11.989 351.025 Investment ints)me All of tht chArit¥bk companls investtnent iftcome of £7253 (2019. D7.429) arises fron) money held in interest btaring deposit arrounts. Yho xc•mpwrylng 4¢E•unlknry polic&•s and •h p•H•¥ 15-2•10rn1 part of th￿￿TraNC1a1 Atst*nMnt Th• Bopavan ChaYll•ble T￿￿ IA comp•hy Ilmitèd by guar￿*¢e> FOnanc5al statemeots Igrthv year ended 3rt Jan￿ry 2021 18 Notes to the financial statements (continued) Expenditsre Puiod 10 3 Period ¢0 29 Jan 2021 D¢cX)1g Cost of raising funds FootbaUTournamcnt Bright Stsr B2ll Chariry Runs Boxing Sk), Div¢ Facebook Compeiitior Tough Mudder JnAatablcs Three Peaks Fire Boxing Bungce jL)mp Ridc Inndoo Other so 3,486 535 0538 1.770 3.480 16 803 454 7.994 4218 62) 2.160 3.496 2&681 Peaod to 3 Perit)d ro 29 J*n 2021 Dec2019 Exp¢ndltute on charAi*bie gaiVAaes Supp¢>n and gOvern￿Ce costy (see no* 6) 151974 160,700 Community woiects 41478 30.163 Grants GeneTgJ ho￿thold Household ApP￿anCeS Household fiJmi¢u TT¢atm¢nts Last Wish hojidays Sensory items Disabi]ity aids Other 1.621 14,754 1,040 36,932 9￿42 4275 377J39 020 1025 5.109 2.064 53.875 8,976 11797 757.977 4,542 1,038,228 684,975 All grants m3de during the year were foi the diKect benefit of indiiiau￿. No mateii21 insuNuonal wnts havc beea made. Th• xc4JmpaThytvby p•llgl•> 15-2• lorni porf•*thvJefin•n¢l•l JtAknmenl& Tr¢ 6oparan Charltable Trust IA company Ilmlted by guaran¢•e) Fi￿ncIal statoments for tho y•ar ended January 2021 19 Notes to the financial statements (continued) Anal￿￿* ol Support ¢osts P￿10d ¢0 3 Period to 29 SUPPQrtGovernznce Jan 2021 Dec 2019 Total Total Suppor¢ cost Pa)YoU hq2rk¢ting Cos Insur2nc¢ B2nk char8CS Employee C%￿n5¢S Books artd training Vehid¢ costs Audit fcc t4Ai 2nd professional Total 120J05 J05 134J63 564 4235 198 8.664 5.423 8411 3,087 507 1024 3.060 19260 154974 024 1.776 13L654 21320 160.71x1 No remunerJuon or cxp¢ns¢s were pid or payab]c to any Tn￿ree in respttt OE thc current p¢riod ou¢ OE the fi]nds of th¢ Trust either diteedy or iftdir¢cd)'. Empl•y•¢$ Period to 3 PeEiod rts 29 Jan 2021 De¢ 2019 Vag¢s and s•Jari& Soci315ecuri Pensions 109J25 121.408 9.573 3J82 3.716 >J06 134J63 The ayttage rtumber of emplo)'ecs dutingthcycarwa$ 4 (2019: 4). No tsnploite eamed nM>re than £60,( during th¢ curre0¢ or prior )r4r. Analysls gt net #s80ts by fund Fund balances a¢ Current Current 3LO Janu3ry ]iabiliiies asse1$ 2021 un￿$￿iC[ed hJnds (287.908) 2.091632 1.804.724 Th• •ee•mpahyln• •¢e•yntknB p•llel•• •nd not•¥ •n paB•¥ 15. 211 part •lth•w IID•nrl•l ¥t•t•m•n The B•poratt Charttsbl• Tryst (A compahy Ilmlt•d by yarantsol Flnan¢lal st•t•mpnts lor tho year •￿4¢a January 2021 Notes to the fm2ncial statements (continued) .10 Fundg: movern•nts ID the year at29 December 2019 Balanees at P Janu8ry In¢ome Expended Untesuicted funds 2,197,814 295J81 {68&4n) 1.804.724 Al] fimd$ in 2021 w¢r¢ uftresttict 11 Financial Instruments At3Jon At 29 Dec 2019 Financial asseis Finmcial assets measured at amortiscd cost I￿632 1472.998 Financial liAbAlities Financial liabiliti￿ m¢29ured at amortised c05t 2tr1,908 275.184 Financial 4sscts rn¢asurcd at amortised cost comprise cash. tr*4e debtors and amounrs by rdated patties. FinancixL ii2bilities measured at amorD5d cost comprise trth ttedirors. other tteditors and accrua]s. 12 R•lat•d partl•s Duting the )pear the T￿st rcceived a (hjNuon of £27i.1511201>. £386.644) from Boparan Limited B K Bopar2n. a trust¢c of the charity. is a director and shard￿]dtr of BowArdn Events Limited and A Boparan is a th'rttior of Bop#t2n Evcnts timitcd. Ar J2nuat)' 2021 2n 2mount of £nLi (2019: £102,073} was due from Boparan Ev￿ts tAmit