| Page | |||
|---|---|---|---|
| Trustees' | annual report |
||
| Independent auditor's |
report to the members | ||
| Statement | offinancial | activities | 13 |
| Statement | offinancial | position | 14 |
| Statement | ofcash flows | 15 | |
| Notes to the financial statements | 16 |
| Registered | charity | name | The Beaverbrooks | The Beaverbrooks | Charitable | Charitable | Trust | |
|---|---|---|---|---|---|---|---|---|
| Charity registration | number | 1142857 | ||||||
| Principal office | Adele House | |||||||
| Park Road | ||||||||
| StAnnes-on-Sea | ||||||||
| FY8 1RE | ||||||||
| Lancashire | ||||||||
| The trustees | ||||||||
| A Blackburn | ||||||||
| M I Adlestone |
OBE | DL | ||||||
| P Holly | ||||||||
| S Nicholas | ||||||||
| Auditor | John Potter 8 | Harrison | ||||||
| Chartered accountants |
&statutory | auditor | ||||||
| 3A Clfton Square | ||||||||
| Lytham StAnnes | ||||||||
| Lancashire | ||||||||
| FY85JP | ||||||||
| Bankers | National Westminster |
Bank Pic | ||||||
| 24 The Square | ||||||||
| StAnnes-on-Sea | ||||||||
| Lancashire | ||||||||
| FY8 1RH |
| Period from | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 May 21 to | |||||||||
| Year to 28 | Feb 23 | 28 Feb 22 | |||||||
| Unrestricted | |||||||||
| funds | Total funds | Total funds | |||||||
| Note | F | ||||||||
| Income and endowments | |||||||||
| Donations and |
legacies | 4 | 656,974 | 656,974 | 301,898 | ||||
| Investment income |
5 | 145,920 | 145,920 | 141,600 | |||||
| Total income | 802,894 | 802,894 | 443,498 | ||||||
| Expenditure | |||||||||
| Expenditure on |
charitable | activities | 6,7 | 2,357,369 | 2,357,369 | 1,482,601 | |||
| Total expenditure | 2,357,369 | 2,357,369 | 1,482,601 | ||||||
| Net expenditure | and net | movement | in funds | (1,554,475) | (1,554,475) | (1,039,103) | |||
| Reconciliation | offunds | ||||||||
| Total funds brought | forward | 6,304,400 | 6,304,400 | 7,343,503 | |||||
| Total funds carried forward | 4,749,925 | 4,749,925 | 6,304,400 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Note | E | ||||||
| Fixed assets | |||||||
| Tangible fixed assets | 11 | 350,000 | 350,000 | ||||
| Investments | 12 | 4,322,100 | 5,978,000 | ||||
| 4,672,100 | 6,328,000 | ||||||
| Current assets | |||||||
| Cash at bank | and | in | hand | 77,825 | |||
| Creditors: amounts | falling | due within one year | 14 | 23,600 | |||
| Net current | assets | 77,825 | (23,600) | ||||
| Total assets | less | current | liabilities | 4,749,925 | 6,304,400 | ||
| Funds ofthe charity | |||||||
| Unrestricted | funds | 4,749,925 | 6,304,400 | ||||
| Total charity | funds | 15 | 4,749,925 | 6,304,400 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Note | E | ||||
| Cash flows from operating | activities | ||||
| Net expenditure | (1,554,475) | (1,039,103) | |||
| Adjustments for: |
|||||
| Dividends, interest and rents from investments |
(145,920) | (141,600) | |||
| Cash generated from operations |
(1,700,395) | (1,180,703) | |||
| Net cash used in operating |
activities | (1,700,395) | (1,180,703) | ||
| Cash flows from investing | activities | ||||
| Dividends, interest and rents from investments |
145,920 | 141,600 | |||
| Proceeds from sale ofother | investments | 1,655,900 | |||
| Net cash from investing activities |
1,801,820 | 141,600 | |||
| Net increase/(decrease) in |
cash and cash | equivalents | 101,425 | (1,039,103) | |
| Cash and cash equivalents | at beginning | ofyear | (23,600) | 1,015,503 | |
| Cash and cash equivalents | at end ofyear | 13 | 77,825 | (23,600) |
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
|---|---|---|---|---|---|---|---|
| Funds | 2023 | Funds | 2022 | ||||
| F | F | E | |||||
| Donations | |||||||
| Beaverbrooks | the Jewellers | Limited | |||||
| donations | 625,000 | 625,000 | 300,000 | 300,000 | |||
| Other donations | 31,974 | 31,974 | 1,898 | 1,898 | |||
| 656,974 | 656,974 | 301,898 | 301,898 | ||||
| 5. | Investment | income | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2023 | Funds | 2022 | ||||
| F | |||||||
| Dividend income |
145,920 | 145,920 | 141,600 | 141,600 | |||
| 6. | Expenditure | on charitable | activities | by fund type | |||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2023 | Funds | 2022 | ||||
| E | F | F | |||||
| Grants to institutions | 2,357,215 | 2,357,215 | 1,482,534 | 1,482,534 | |||
| Support costs | 154 | 154 | 67 | 67 | |||
| 2,357,369 | 2,357,369 | 1,482,601 | 1,482,601 | ||||
| 7. | Expenditure | on charitable | activities | by activity type | |||
| Grant funding | Total funds | Total fund | |||||
| ofactivities Support costs | 2023 | 2022 | |||||
| E | E | ||||||
| Grants to institutions | 2,357,215 | 2,357,215 | 1,482,534 | ||||
| Governance | costs | 154 | 154 | 67 | |||
| 2,357,215 | 154 | 2,357,369 | 1,482,601 |
| Analysis ofgrants | ||||
|---|---|---|---|---|
| Period from | ||||
| Year to | 1 May 21 to | |||
| 28 Feb 23 | 28 Feb 22 | |||
| Grants to institutions | ||||
| Grants to institutions | type | 1 | 2,357,215 | 1,482,534 |
| Total grants | 2,357,215 | 1,482,534 |
| , , purchase took place in March 2022 for 33,118ordinary A share |
s with a value ofE1,655,900. |
|---|---|
| Other | |
| investments | |
| Cost or valuation | |
| At 1 March 2022 | 5,978,000 |
| Additions | |
| Disposals | (1,655,900) |
| At 28 February 2023 | 4,322,100 |
| Impairment | |
| At 1 March 2022 and 28 February 2023 | |
| Carrying amount |
|
| At 28 February 2023 | 4,322,100 |
| At 28 February 2022 | 5,978,000 |
| 13. | All investments shown abov Cash and cash equivalents |
All investments shown abov Cash and cash equivalents |
All investments shown abov Cash and cash equivalents |
e are held at cost. | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | comprise the following: | |||||
| 2023 | 2022 | |||||
| E | ||||||
| Cash at bank and | in | hand | 77,825 | |||
| Bank overdrafts | (23,600) | |||||
| 77,825 | (23,600) | |||||
| 14. | Creditors: amounts | falling | due within one year | |||
| 2023 | 2022 | |||||
| Bank loans and overdrafts | 23,600 |
| At | |||||||
|---|---|---|---|---|---|---|---|
| At | 28 February | ||||||
| 1 | March 2022 | Income | Expenditure | 2023 | |||
| F | E | E | |||||
| General | funds | 6,304,400 | 802,894 | (2,357,369) | 4,749,925 | ||
| At | |||||||
| At | 28 February 2 | ||||||
| 1 May 2021 | Income | Expenditure | 022 | ||||
| General | funds | 7,343,503 | 443,498 | (1,482,601) | 6,304,400 | ||
| Analysis | of net assets between funds | ||||||
| Unrestricted | Total Funds | ||||||
| Funds | 2023 | ||||||
| Tangible | fixed assets | 350,000 | 350,000 | ||||
| Investments | 4,322,100 | 4,322,100 | |||||
| Current | assets | 77,825 | 77,825 | ||||
| Creditors | less than | 1 year | |||||
| Net assets | 4,749,925 | 4,749,925 | |||||
| Unrestricted | Total Funds | ||||||
| Funds | 2022 | ||||||
| E | E | ||||||
| Tangible | fixed assets | 350,000 | 350,000 | ||||
| Investments | 5,978,000 | 5,978,000 | |||||
| Current | assets | ||||||
| Creditors | less than | 1 year | (23,600) | (23,600) | |||
| Net assets | 6,304,400 | 6,304,400 |
| Analy | sis ofchan | ges in net debt |
|||
|---|---|---|---|---|---|
| At | |||||
| At 1 Mar 2022 | Cash flows | 28 Feb 2023 | |||
| F | |||||
| Cash | at bank and | in hand | 77,825 | 77,825 | |
| Bank | overdrafts | (23,600) | 23,600 | ||
| (23,600) | 101,425 | 77,825 |
| 10month | ||||||||
|---|---|---|---|---|---|---|---|---|
| Year | period | |||||||
| ended | ended | |||||||
| 28.2.23 | 28.2.22 | |||||||
| Income and endowments | ||||||||
| Donations and legacies |
625,000 | 300,000 | ||||||
| Beaverbrooks the Jewellers |
Limited donations | 31,974 | 1,898 | |||||
| Other donations | ||||||||
| Investment income |
||||||||
| Dividends | 145,920 | 141,600 | ||||||
| Total income | 802,894 | 443,498 | ||||||
| Expenditure | ||||||||
| Grants to institutions | ||||||||
| Access Sport | 7,500 | |||||||
| African Caribbean Mental |
Health Services | 10,000 | ||||||
| Belong | 10,000 | |||||||
| Benevolent Society |
12,600 | |||||||
| Better World Charity | 25,000 | 25,000 | ||||||
| Blackpool Carers | 18,667 | 43,750 | ||||||
| Blackpool FC Community | Trust | 20,000 | ||||||
| B'nai B'rith Hillel Foundation |
(UJS) | 5,000 | 5,000 | |||||
| Bowdon Shul | 5,000 | |||||||
| British Friends of United Hatzalah | Israel | 27,000 | ||||||
| British Israel Trade Union | Dialogue | 10,000 | 5,000 | |||||
| British Red Cross (Ukraine) | 10,000 | |||||||
| British School Watchmaking | 15,000 | 15,000 | ||||||
| Broughton Jewish Opportunity |
Fund | 5,000 | ||||||
| Business in the Community |
—Responsibl | e Business | Network | 26,000 | 11,000 | |||
| Camp Simcha | 7,500 | 7,500 | ||||||
| Caribbean 8 African Health |
Network | 10,000 | 10,000 | |||||
| Chai Cancer Care | 15,000 | 15,000 | ||||||
| Chetham's School of Music |
5,000 | 5,000 | ||||||
| Chief Rabbinate Trust |
20,000 | |||||||
| CLIC Sargent | 5,000 | |||||||
| -carried forward- | 246,767 | 164,750 |
| 10month | ||||||
|---|---|---|---|---|---|---|
| Year | period | |||||
| ended | ended | |||||
| 28.2.23 | 28.2.22 | |||||
| Grants to institutions | (continued) | |||||
| —brought forward— | 246,767 | 164,750 | ||||
| Community Security Trust |
10,000 | 20,000 | ||||
| Council of Christians and |
Jews | 5,000 | ||||
| Crimestoppers | 10,000 | |||||
| Crossroads Manchester |
10,000 | |||||
| Eshel UK Friends of Colel | Chabad | 27,500 | 27,500 | |||
| Ezra Care | 5,000 | |||||
| Fylde Rugby Community | Foundation | 10,000 | 10,000 | |||
| Gingerbread | 7,500 | |||||
| Greater Manchester Arts |
Centre (Home) | 10,000 | 10,000 | |||
| Grief Encounter | 10,000 | 10,000 | ||||
| Hale Adult Hebrew Education |
Trust | 10,000 | 10,000 | |||
| Hale 8 District Hebrew | Congregation | 5,000 | ||||
| Halle Concerts Society | 10,000 | |||||
| Henshaws | 10,000 | |||||
| Hershel Weiss | 5,000 | |||||
| Holocaust Centre North |
10,000 | |||||
| Holocaust Educational |
Trust | 10,000 | 10,000 | |||
| Jewish Child's Day |
10,000 | |||||
| Jewish Futures Trust Ltd | 25,000 | 20,000 | ||||
| Jewish Leadership Council |
30,000 | 30,000 | ||||
| Jewish Learning Exchange |
15,000 | |||||
| Jewish School Network | 5,000 | 5,000 | ||||
| Jewish Women's Aid |
5,000 | |||||
| Jnetics | 10,000 | 10,000 | ||||
| Keren | 5,000 | 5,000 | ||||
| King David Schools | 10,000 | |||||
| Labour Friends of Israel | 10,000 | |||||
| LCCC Foundation | 5,000 | 5,000 | ||||
| LCU Vonim Manchester | (Aim | Hobonim) | 7,000 | |||
| Leeds Hospital Charity |
10,000 | 10,000 | ||||
| Leeds Jewish Welfare Board | 10,000 | 10,000 | ||||
| Lev Chaim | 10,000 | |||||
| LGBT Foundation | 10,000 | |||||
| Limmud | 10,000 | |||||
| Lowther Gardens Lytham |
Trust | 25,000 | 25,000 | |||
| Magen David Adorn UK |
20,000 | |||||
| Maggies | 50,000 | 25,000 | ||||
| Mahdlo | 15,000 | |||||
| -carried forward- | 658,767 | 457,250 |
| 10month | |||||||
|---|---|---|---|---|---|---|---|
| Year | penod | ||||||
| ended | ended | ||||||
| 28.2.23 | 28.2.22 | ||||||
| Grants to institutions | (continued) | ||||||
| - brought forward- | 658,767 | 457,250 | |||||
| Manchester Bais Yaakov Sixth Form |
10,000 | ||||||
| Manchester Foundation |
Trust | Charity | 25,000 | ||||
| Manchester Jewish Museum |
10,000 | ||||||
| Manchester Jewish School |
for Special Ed | ucation | 10,000 | 5,000 | |||
| Manchester Maccabi |
10,000 | ||||||
| Marcia 8 Andrew Brown |
Charitable | Trust | 200,000 | ||||
| Migdal Emunah | 15,000 | ||||||
| Mustard Tree | 33,431 | ||||||
| National Holocaust Centre |
50,000 | 10,000 | |||||
| New Israel Fund (UK) | 5,000 | ||||||
| North West Air Ambulance | Charity | 36,000 | |||||
| NSPCC | 20,000 | ||||||
| ORT UK | 5,000 | 5,000 | |||||
| Prevent Breast Cancer | 50,000 | ||||||
| Rays ofSunshine | 10,000 | ||||||
| Retail Trust | 20,000 | 10,000 | |||||
| RHS Bridgewater Garden |
5,000 | ||||||
| Rosemere Cancer Foundation | 50,000 | ||||||
| Royal Northern College |
of | Music | 5,000 | ||||
| Royal Exchange Theatre | 7,500 | 7,000 | |||||
| Salford Lads' 8 Girls' Club | 5,000 | 5,000 | |||||
| Sands | 5,000 | ||||||
| Save a Child's Heart |
12,500 | ||||||
| Seashell Trust | 50,000 | 50,000 | |||||
| Seed | 10,000 | ||||||
| Special Spirits | 10,000 | 5,000 | |||||
| St Ann's Hospice | 10,000 | ||||||
| The Boathouse Youth Ltd | 25,000 | ||||||
| The Factory Trust | 50,000 | 50,000 | |||||
| The FED | 220,000 | 300,000 | |||||
| The Friendship Circle |
15,000 | 15,000 | |||||
| The Growth Project | 8,000 | ||||||
| The Inform-All Project Ltd |
5,000 | ||||||
| The Langdon Foundation |
5,000 | 5,000 | |||||
| The Prince's Trust | 62,500 | 25,000 | |||||
| The University ofManchester |
Re-write Ca | neer | 50,000 | 50,000 | |||
| The Work Avenue Foundation |
5,000 | ||||||
| The Zone | 15,000 | 15,000 | |||||
| Trinity Hospice | 8,300 | ||||||
| Triple C | 11,250 | ||||||
| UK Toremet Ltd (Darca Schools) |
10,000 | ||||||
| United Jewish israel Appeal | 60,000 |
| 10month | ||||
|---|---|---|---|---|
| Year | period | |||
| ended | ended | |||
| 28.2.23 | 28.2.22 | |||
| Grants to institutions | (continued) | |||
| - brought forward— | 1,749,248 | 1,153,250 | ||
| Variety —The Children's | Charity | 40,000 | 10,000 | |
| Withington Girls' School |
29,013 | 22,000 | ||
| World Jewish Relief | 85,000 | 35,000 | ||
| Yad Vashem | 10,015 | 5,000 | ||
| Yan Yisrael Belarus | 5,000 | |||
| YTD /The Helpline | 5,000 | |||
| Other grants less than E5,000 | 438,939 | 252,284 | ||
| 2,357,215 | 1,482,534 | |||
| Governance costs | ||||
| Bank charges | 154 | 67 | ||
| 154 | 67 | |||
| Total expenditure | 2,357,369 | 1,482,601 | ||
| Net expenditure and net movement |
in funds | 1,554,475 | 1,039,103 |