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||||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|
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|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||||||
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||||||||||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|
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|||||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)|
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|||||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|
##
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|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|
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|,
,
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|
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||||||||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|
##
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|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|
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|||||||||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|