'.io CHARITY REGISTRATION NUMBER: 1142857 The Beaverbrooks Charitable Trust Financial Statements 29 February 2024 ARRIS Chartered accountants & statutory auditor 3A Clfton Square Lytham St Annes Lancashire FY8 5JP
The Beaverbrooks Charitable Trust Financial Statements Year anded 29 February 2024 Page Trustees, annual report Independent audrto¢s report to the members Statement of financial activities 13 Statement of financial position 14 Statement of cash flow8 15 Notes to the financial statements
The Beaverbrooks Charitabla Trust Trustegs. Annual Report Year 6nd6d 29 February 2024 The Iruslees present their report and the financial statements of the charity for th& year ended 29 February 2024. Refo1onGo and admlnl$tratlvo dotall8 Regl$t•r•d charlty name The Beaverbrooks Charitable Trust Charlty reg18trntlon number 1142857 Prlnelpal offlc? Adele House Park Road Sl Annes-on-S8a FY8 1RE Lancashire Th• truste A Blackburn M l Adlestone OBE P Holly S Nlcholas Audltor John Potter & Harrlson Chartered accounlanls & statutory audltor 3A Clfton Square Lylham Sl Annes Lancashlre FY8 5JP Banker• National W8slmin8ter Bank PIC 24 The Square Sl Ann88von-Sea Lancashire FY8 1RH
The Beaverbrooks Charitable Trust Trust6es' Annual Roport(¢ondnu•d) Yèar ended 29 February 2024 Stru¢ture, gov•rnance and management The Trustees are pl8ased to present their report, together with the financial statements and independent auditorfs report, for Ihe year ended 29 February 2024. Th& Trusl8ès confimi that the financial statements comply wllh the charity's Trust Deed, the Charities A¢1 2011 and the Statement of Recommended Practice applicable lo charit18s preparing their accounts wth the Financial Reporting Standard applicable in the UK and Republic of Irèland. The Beaverbrooks Charitable Trusvs charitable objectives during the financial year were to beneht suLlI uliyiiiable purposes aiid registered charities a8 the Tru8te85 in their abgoluto diocrotion think fit. The Trustees delegate the day to day management to the General Manager, Mrs. Susanne Nicholas, who Is also one of the TTUStees. AS wo11 as the involvement of the Be8verbrooks the Jewellers Llmiled's Chairman and three members of its management team, Beaverbrooks the Jewellers Limited supports operating procedures in a variety of ways as outlined in tho seNice level agreement. These variety of ways, which are all in kind contribution5, include.. Financlal management and services -HR Press, PR and communlcation5 Offi¢e space and facilie8 The 88averbrook8 Charltabl8 Trust 18 the official Charity of Baaverbrooks the Jewellers Llmited and has been registered with the Charity Commission since 13 July 2011. The date from whlch It was constituted via the Declaratlon ol Tfu81 was 20 April 2011. Thè charity Is overseen by the following group ol Trustee$ as a whole., Mark Isaac Adlestone 08E Chalrman Anna Blackburn Susanne Nicholas Paul Holly Tfu$lees ar& nominated and appointed based on their suitability as decided by current members of the Trustees and in acrdanCe wllh the terms sel out in the Declaratlon of Trust. Trustees are invited to att8nd an indudion training procèss for the running and operation of The Beaverbrooks Charitable Trust. The Trustees meet quarterly and the meetings are fully Teported. The Trustees discuss a range of matters bul with a prfority on the overall governance and slraleglc direction of The Beaverbrooks Charitsble Trust. Trustees are appointed for their specific 8XP8rience in meeting The Beaverbrooks Cttaritable Tnjsvs charitabb objectives. The Beaverbrooks Charitable Twst has an outstanding commitrnenl to donate £1 million over the next 5 years to The Marcia and Andrew Brown Charitable Trust. This IS th• only commitment that 1$ in place and finan¢ial risks are reviewed on an on-going basis. During the year under review, all The Beaverbrooks Charitable Trusvs management responsibility was slruclured through the General Manager, whose responsibilities include staff management, partnerships, a¢ce$g to funding, standords, dolivery and Gomplianco. This rola reports direcuy to the board of TTU5tees. The Beav6rbrooks Charitable Trust currenlly ulilises the time of four employe85 of Beaverbrooks the
The Beaverbrooks Charitable Trust Trustees, Annual Report fcontlnu8d) Year ended 29 February 2024 Jewellers Limited in order lo administer its affairs Beaverbrooks the Jewellers Limited does not charge the charity for this lime, since it Is not practicable lo quantify their allocation of lime and hence salary cost. No remuneration is paid lo key management personnel by the charity. The following is based on The Beaverbrooks Chanlable Trust'$ governing docum8nls.' the charity shall be overseen by the General Manager who liaises with her direct line manager, Paul Holly, who Is also a Trustee meetings are planned lo dlscuss the on-goSng involvament and fulure development of the charity aclivitles arranged by the charity will be CLXsrdinaled by the General Manager. Part-lime staff may be used as and when required no person involved In the char+ly will have any asso¢lation wlth any other charity unlesg agreed by The Beavertjrooks Charitable Trust Trustees, and 8118taff are employed by Beaverbrooks the Jewellers Limited and must adhere lo all procedur sel out in that company's HR policies.
The Beaverbrooks Charitable Trust Tru8tses' Annual Report l¢onllnu•d) Year endod 29 February 2024 ObJ•ctlvg8 and a¢tlvltle8 The Beaverbrook5 Charltable Trusvs charitablo objectives during the year of review were to provlde aid and support to a broaé spectrum of charitie5 and to enable the employees of Beaverbrooks the Jewellets Limited lo support their local charities, the latter being achieved by.. making donations available to Beav8rbrooks the Jewellers Limiled's stores and offlce departments, based on a fixéd amount fof each employee, and allowin9 each team to select a worthy local charity as their recipient., and matching amounts raised by individual employee9 for their ¢)wn chosen ¢harllie8. In addition. the Trust support a wido range of charit5 which cover educat)n. welfare, health, mentorfng and self-development, Jewish and Israeli charities and the community as a whole. Thè Charltsble Trust has Invested in a propety whbh il rents to a local charity for £1 per year, Ihl¥ is recorded as a social investment in note 11. This charity wag in need of a well maintalned, safe and pemianenl base from which to operate and the Charftable Trust were dell9hted lo suppart them in achieving their charitable objective8. The Truste88 have glven carèful conslderation to the CharSty Commission's guidance on public benefit when setting ils alms and activities. The key objective of the charity as sel out in the constitution is lo benefit Such chatable purposes and registered ¢haritias as the Trustees in their absolute discretion think fil. strategy Building and mark8tlng our business The Trustees apply a thorough approach lo the review of the dislributlon of charllable donatlons rather than fo¢using on one or key, major projects. This is based on the phllosophy that it Is better lo glve £1 one hundred times than it is lo give £100 once. The Trustees belSeve Ihal thls philosophy helps lo engage the Beaverbrooks, employees in the concepl of giving both their lime and their money, In turn this helps false th8 profile of tho charity. -Knowing and understandlng our markets Target markols and key areas Idenlllled lo Include dlsengaged Indlvlduals and communlties. -Adding value through collaborats've partnerships Develop The Beaveibrooks Charitable Trust as a provider of funds to selected charities, worklng in partnership with other organisalions, to deliver strategic prioriUe5 and maximise proflle.
The Beaverbrooks Charitsble Trust Trustses. Annual Report (¢onllnu•d) Year ended 29 February 2024 Achl8vemènts and performan¢• Al the cole of our Beaverbrooks family culture 13 our desire lo support and do good the communits'es we live and work in, Beaverbrooks donates to charity through The Beaverbrooks Charitable Twsl and aclwely encourages and empowers ils colleagues lo support charllies and community groups in their local area. They do this in a variety of ways including fundraising, volunteering their lime and through Payr¢Jl Giving. Funding provided by Beaverbrook$ enabled the Beaveibrooks Charitable Trust to distribute ov6r £2.4 million during the year lo UK regislered charities, which makes a total of £23.5 million donated since the year 2000. The charity's Trustees lour Chairman. Managing Director, Head of Community Responsibility and Charity Manager) met every 2-3 week$ Ihfoughoul the year to dls¢uss our charitable aotivity and commitments. They also met regularly wllh a variety of Contacts al charities, both in person visitslmeetings and on video calls, to disGUSS our ongoing support and r8lationships. Acr055 our spectrum of charity activity Idonalions, team donab'ons, payroll giving and volunleeringl we support in excess of 500 separate charitable organis81ions each year. In 2023, Beaverbrooks again rec&iv8d HM Government & Inslilule of Fundralsing 'Diamond Award, for our Payroll Giving for the 6th lime, 11 was in fact the 12th consecutive year we have been recognised with an Award for our commitment lo Payroll Glving and we are extremely proud that over 45V• of our people support their own chosen charities in this way. During the period, our people gave £69,534,34 12022-2023. £60,420.33 through payroll giving. The nel donation is 1000A matched by the company resulting in lolal donations of £121,523 76 12022-23. £103,741.S41. We are very proud that our colleagues continued to support their favourile charitles in this way and also, given our company &xpan$ion & increased staff levels over the year, that so many new colleagu88 have joined our s¢h8me. B&av&rbrooks encourage colleagues to get involved in a wide range of volunle8ring projects, wllh minimum of 2 days pald lime116 hours) available to each employee, each year. W8 made charity time giving a major focus during the ye8r 2023-24 with a project group from our stores and office who focussed on volunltsenng. We also Set this as a priority for all our colleagues and management reported their team's fvJures on a quarterly basis to their $8nior management. We are proud 10 Say that our time glving figures during the y8ar increased lo 5,584 hours of ts'me given to doing good in the communlly, this had increased from 3,418 hours of lime in 2022-23. Beaverbrooks colleagues have again taken part In a variety of fundraising and mass particlpalion èvents - from larye scale events like Marathons to Sky Diving to Bake Sales and selling homemade ilemslproduce. During the period our Colleagues raised £64,871.8012022-23.' £71,780.32) which we match funded lo £129,743.60. The 8eaverbrooks Blackpool 10K Fun Run which we sponsor and support th Trinity Hospr¢e each year was another great success. The 2023 event was in fact the 40th anniversary Fun Run and over 1.500 runners supported this milestone celebfation raising £77,012 for the Hospice. We also had colleagues helping on the day as roule and finish line marshals. The Beaverbrooks Bike Ride was also very successful in June 2023 with colleague8 cycling and marshalling the route and helpin9 rais8 a further £21,981 for Trinity Hosptce Each year, every Beaverbrooks store and office team seleclg a charity local for them lo support with their Team Donation. In 2023-24 this figure was again £200 per colleague as this figu Is sel each year and based on the success of the company in the previous yèar. This inib'ative continued lo be of huge importance as il meant we could support many smaller charities in areas where Beaverbrooks are represented and also develop further the exlIent relationships our teams have with charities in their own communities.
The Beaverbrooks Charitsble Trust Trustees, Annual Report (¢t)ftllnv8dJ Year ended 29 February 2024 Flnancial rgviow Prlnclpal sources of income for The Beaverbrooks Charitsble Trust include donations amounting lo £1,975,00012023. £625,000) from Beaverbrooks the Jewellers Limited. The charity would like to thank the company for ils suppjrt. Inveslmenl policy The Beaverbrooks Charitable Trust carrles forward £4.659,332 {2023'. £4.749,9251 of unreslricled funds into the new financial year. Investments represent unlisted inveslmenls, al cost, in the share capital of Beaverbr¢X*ks the Jewellers Limited, a Company registed in the United Kingdom. The Trustees are mindful of their responsibilitles In relation lo an investment policy and ensuf8 that the policy addresses the need5 of the charitable trust and ils beneficiari85 in the short, medium and long term, taking into account the future needs of the charity in terms of both capital and income. Thè sharo8 In Beaverbrooks the Jewelth Limited wére donalod lo the charlty by the director8 01 the Company. Dividend income received from these shares alongside adminlslralive support from Beaverbrooks are considered suffi¢i8nl lo support the charity in the long term. Glven this medium to long term security it is not the intents'on ol the Trustee8 to utillse charllabb lunds in order to divèrsify the investment base. The a¢cumulaled cost of the Investment in these shares amounts lo £4,322,10012023'. £4,322,100) as dlsclosed in note 12. This wlll generate additional Income for the charity in tèrms of dIvendS. Regervgs policy The Trustees, aim is lo hold sufflclenl reserves whlch would meet The Beaverbrooks Charitable Trust's future administrative operating costs for a 3 10 6 month period, in line with th8 Charities Commission's re¢ommendatlon8. All other funds are held wllh a view lo fvrthering the charitable purposes of th8 Trust. Th8 charity does not currently have any restricted re8eThas. Support costs, which include govemance costs, were £19312023.. £1541 representing bank charges. Apart from re¥ources expended in connection wllh charitable a¢llvllles. no other resources were expended during the year. This refl1$ The Beaverbrooks Charllable Trust's core objective of minimising c051s in order to maximise resources available for charitable activities. The audit fee, amounting to £3,48012023.' £3,480). of these financial statements has been mel by Beaverbrooks the Jeweller$ Limited. Related partie8 M Adlestone and A Blackbum who are the Trustees of The Be8verbrooks Charitable Trust are also direclors of Beaverbrooks the Jewellers Limited.
The Beaverbrooks Charitable Trust Trustees. Annual Report fconllnued) Year ended 29 February 2024 Flnancial revlew (conllnuedj Going ¢on¢em After making enquirie5, th8 Trustees have a reasonable expectation that the charity has adequate resources lo continue in operational existence for the foreseeable future. Thus they continue to adopt a going concern basis of accounting in preparing the financial statements. Further details regarding the adopty'on of the golng concern basis can be found in the statement of accounting policies in the notes to the financial statements. Principal risks and uncertalntles The ¢harlty Ss fvlty funded by the company Beaverbrooks the Jewellers Limited. The principal risk to the aCvItIeS of the charity would be a reduction in that funding. The Trusteas of the charity include Directors of the company who are fully committed to funding the charitable aclivllies of the trust. Thèrefore the Trustse$ do not consider Ihis nsk to be relevant al thls tlme. Plan8 for futuro Pofbods The plans for the future include.. increasing the range of inltiallves delSvered by The Beaverbrooks Charitable Trust,. and continuin9 to develop existing and investigate new inillalives in partnership with other local partners. The Trustees plan to continue wlth the same philosophy and existing strategles by cafullY considering the charSlles they support and wish lo do so on an on-golng basls. The malor changes In charities Supported by tho Beaverbrooks Charftable Trust will b8 driven by the choices of Beaverbrook's employees as lo their preferred charity for the year as well as any 'fund matchlng, that is driven by employee fund-raising activities. Tiu•tee8' rponSIbIlItI08 8tat•m•nt The trustees are responsible for preparing the Iruslees, port and the f+nancial statèments in ac¢ordance vthh applicablg law and United Kingdom Accountln9 Stsndards (United Kingdom Generally Accepted Accounting Practlcel. The law applicable to charities in England and Wales requlres the charity tru$lee$ lo prepare flnanclal statements for each year which give a true and falr vlew of the stale of affairs ol the charity and of the incoming resources and appli¢allon of resources, of the char6ty foi that period.
The Beaverbrooks Charitable Trust Tru8ts98' Annual Report f¢onllnu Year ended 29 February 2024 In preparing these financial statements, the trustees are required to.. se18cI suitable accounting policies and then apply Ihem consistently., observ6 the methods and principles in the applicable Charities SORP., make judgments and accounting estimates that are reasonable and pnjdent.. Slate whether appllcable UK Accounts'ng Standards have been followed, Subject to any material departures disclosed and explained in the financial statements., prepare the financial statemenlg on the going concern basis unless It Is inappropriate lo presume that the charity will conbnue In business. The Irusl8es are responsible for keeping adequate accounting records that are sufficient to show and explaln tho charitys transactions and disclose with reasonable accuracy al any lime the financial positlon of the charity and enable them to ansure that the financial statements comply with the Charities Act 2011, the applicable Charities IAccounts and Reports) Regulations, and the provisions of the Trust Deed. They af& also responsible for safeguarding the assets of the charlty and hence for taking reasonable Steps for the prevention and del8¢tKin of fraud and other irreguladtle8. The trusle8s' annual report was approved on trustees by.. 02,10.2+ and signed on b8half of the board of M l Adlestone OBE Cliairinan
The Beaverbrooks Charitable Trust Indep•ndont Auditor's Report to the Members of The Beaverbrooks Charitable Trust Year ended 29 February 2024 Oplnlon We hav8 audited the financial statements of The 8eaverbrooks Charitable Trust Ilhè 'charity'l for the year ended 29 February 2024 which comprise the statement of financial activities. statement of financial position. statement of cash flows and the r81aled notes, Including a summary of significant accounting poli¢i8s. The financial reporung framework that hag been applied in their preparation is applicable law and United Kingdom kncounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republ of Ireland (United Kingdom Gènerally Accepte<l Accounts'ng Practice). In our opinion the financial statemènts,. give a true and fair view ol the slate of the charity's affairs as al 29 February 2024 and of Ils Incoming r&source5 and application of resources. including ils income and expenditure, for the year then ended., have been properly prepared in accordane8 United Klngdom Generally A¢ceplod Accounting Practlce.. have been prepared in accordance with the requirements of th8 Charities Act 2011. Ba818 lor oplnlon We conducted our audll In accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described In the auditor's rtssponsibililies for the audit of the financial $ta18ments sectson of our report. We are Independent of the charity In accordance with the ethical requirements that are relevant lo our audit of the financial 5ts1ements In the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilitiès in accordance with these requirements. W8 believe that the audit evldence we hav8 obtainèd is suffici8nl and apprcpriale to provide a basis for our opinion. Conclu¥lon8 relatlng to golng ¢one•rn In auditing the financial slatemenls, we have concluded that the Iruslees, use of th& going concern basi$ of accounting in the preparation of thè financial statements is appropriate. Based on the work we have performed, we have not identified any material uncértalnlies relallng lo events or conditions that, individually or colle¢tlvety, may cast significant doubt on the charity's abllily to continue as 8 going concern for a peritxl of at least tsvelve months from when the financial slatsmen18 are authorised for i55ue. Our r8sponslbilities and the responsibilities of the Irusl898 with r85pect to going concem are described in the relevant sections of this report.
The Beaverbrooks Charitable Trust Independent Audltor's Report to th6 Members of Tho Beaverbrooks Charitable Trust(ctsnllnu•rfJ Year ended 29 February 2024 other Information The other Infomialion comprises the infomiation included in the annual report, other than the flnancial slalements and our auditor's report Ihereon. Th8 trustees are responsible for the other infoTmalion. Our opinion on Ihe financial statements does not cover the other information and, except lo the extent otherwlse expllcluy stated in our report, we do not express any fomi of assurance conclusion Ihereon. In connection with our audit of the financial statements, our reswnsibility is to read the othèr infomialion and. in doing so, consider whether the other infomalion is materially inconsistent with the flnancial statements or our knowledge obtained in the audll or othetwise appears lo be malenally misstated. If we identify such material inconsistencies or apparersl material misslatemenls, we are requlred to determine whether there is a material misstatement in the financial statements or a materlal misstalemenl of th8 other information. If, based on the work we have perfomied, we conclude that them18 a material misstatement of this other Inlomation, we are requlred to report that lact. We hav& nothing to reFJOrt In Ihls regard. Matt•rn on whlch w• arn roqulrod to roPOrt by •xceptlon In the 11ghl of the knowledge and understanding ol the charity and It8 8nvlfonment obtained In the course of the audit, we have not identified malerlal misslalement$ in the Iru8188s' r&port. W6 have nothing to report in rèspect of the followlng matters In relation to whh the Charltl98 Act 2011 requires us lo report to you If, in our oplnlon.. the infofmalion given In the truslee8' report Is inconsistent in any malerlal respect with the financial stalemenl$,' or adequats ac¢ounlng records have not been k8pt,' or the financlal stslemenls are not In agreement with the accounting recoTd8 and return8'. or w8 havo not received all the information and explanatsons we requirè for our audit. RponSIbIlItIeS of tru$to0• As explained more fully in the Irusl8e$' respon8ibililies statement, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such inlemal control as the ITustees determine Is necessary to enable the pffjpafatlon of financial statements that are free from material misstslemenl, whether due to fraud or error. In preparing the financial slalements, the trustees are responsible fof assessing the Charitys ability lo conllnue as 8 going coneem, disclosing, as applicable, matters related lo going concern and using the going concern basis of a¢UntIng unless th8 Iruslees either intend to liquidate the charity or to Cease op8ratlons, or have no realisJ¢ alternative but to do so. 10
The Beaverbrooks Charitable Trust Independent Auditorfs Report to the Members of Tha Beaverbrooks Charitable Trust (¢onllnu•d) Year ended 29 February 2024 Audltor'8 re8ponslbllftle8 lor the audit of th• financlal 8tst•m•nts Our objectives are lo obtain reasonable assurance about whether the financial statement5 as a whole a free from material mi5Statement, whether due to fraud or error, and to 1S5ue an auditor's report that includes our opinion. Reasonable a$suran¢e is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delecl a material misstatement when it exists. Misstatements can arise from fraud or error and are ¢onslder8d material if, individually or in the aggregate, they could reasonably be 8XP8Cted to influence the economic decisions of users taken on the basis of these linancial slalements. Irregularllles, including fraud. aré instances of non<ompliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, lo detect material misstatements in respect of irregularities, including fraud. Th8 éxtent to which our procedures are capable of dete¢ts'ng irregularitie$, includlng fraud 1$ detailed below.. Based on our understanding of the charity wè considered those laws and regulations that have a dlrect impact on the preparation of the financial statements such a5 the Charitie8 SORP, taxation and other legislation relevant lo the sector. We evalual&d managemenys incenlives and opportunities for fraudulent manipulation of the financial statements {including the risk of overide ol conlrolsl and delermlned Ihal the principal risks were related lo mangemenl bias in accounting eslimale8 and judgem8ntsl areas of the finan¢lal statements such as revenue recognition. We addressed this by our work on areas included, bul were not Ilmlled lo, analytical procedures, testing of joumals. assessment of judgemen15 and eslimales, enqulry of controls etc. A8 part ol an audit in accordance with ISA8 IUKI, we ex8rcS8e professional judgment and malntain professional sceplicism throughout the audit. We also.. Id8ntify and assess th8 risk8 of materlal mis8lat6rnenl of th8 financlal slalem8n18. whether due to fraud or error, d85ign and perform audit procedures responsive to those risks, 8nd obtain auéil evidence that is SUfflent and appropriate to provide a basls for our opinion. The rlsk of not deleclin9 a material misstalemenl resulting from ftaud Is highèr than for one resulllng from error, as fraud may involve colluslon, forgéry, inlents'onal omissions, m58repre8entatlons, or the ovèrrlde of internal control. Obtain an understandlng of internal control r61evanl to the audit in order lo design audll procedures that are appropriate in the circumstances, bul not lor the Pufpose of expressing an opinion on the effectiveness of the inlemal control. Evaluats the appropnateness of accounting policles used and the reasonableness ol accounting ests'males and related disclosur8s mad8 by the trustees. Conclude on the appropriateness of the trustees, use of the going concern basis of accounting and, based on the audit evidence obtained, whether a malerfal uncertainty exists related to events or conditions that may cast significant doubl on the charivs ability to contsnue as a going ¢oncem. If we conclude that a material uncertainty exlsls, we are required lo draw attention in our auditor's report lo the related disclosures in the financial statements or, If such disclosures are inadequate, lo modify our opinion. Our conclusions are based on the audit evtdence obtained up to the date of our auditor's report. However. future events or condltlons may cause the charlty lo ease lo continue as a going concern. Evaluate the overall presentation, structure and content of th8 financial stalemenls, including the disGlo5ures, and whether the financial statements represent the Ltnderlying Iransacb'ons and events in a manner that achieves fair presentstion. 11
The Beaverbrooks Charitable Trust Independent Auditor's Report to the Members of Tho Boaverbrooks Charftable Trust (coniinu•d) Year ended 29 F6bruary 2024 We communicate with those charged with govemance regarding. among other matters, the plann8d scope and timing of the audit and significant audit findings, including any signilicanl deficiencies in internal control that we identify durlng our audit. U8e of our report This report is made solely to the charlvs members. as a body, in accordance with secOn 144 of the Charities Act 2011 and regulabons made under section 154 of that Act. Our audit work has been undertaken so that we mlght slate to the charity's membefs those mallers we are required to stale lo them in an auditorfs report and for no other purpose. To the fullest ext6nt permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charlty's members as a body, for our audit work, for this report, or for the opinions we have fomied. Jacquelinè Hyde BA FCA {Senior Statutory Auditor) For and on behalf of John Potter & Harrlson Chartered accountants & statutory auditor 3A Clfton Square Lylham Sl Annes Lancashire FY8 5JP C)2.10.2tsLt 12
The Beaverbrooks Charitable Trust Statement of Financial Activitios Year ended 29 February 2024 2024 UnstriCted funds Total fund$ Total funds 2023 Noto Income and endowmont• Donations and legacies Investment income 2.008,642 141,571 2,150,213 2,008,642 141,571 2.150,213 656,974 145,920 802,894 Total income Expendlture Expendllure on charitable activities Total oxpendlture 2,240,808 2,240,806 2,240,806 2,240,806 2.357,369 2,357,369 Net oxpendlturn and nol movemgnt In funds 190,593) 190,5931 {1,554.4751 Raconelllatlon of funds Total funds brought forward Total fund• ¢arrlod forward 4,749,925 4,659,332 4.749,925 6,304,400 4,749,925 4,659,332 The statement of financial activities Includes all gains and losses recognised in the year. All incom8 and expenditure derlve from continuing aellvilies, Tha not•s on pays 16 tg 24 fomi part of th080 financlal 8tatemants. 13
The Beaverbrooks Charitable Trust Slatsment of Financial Position 29 February 2024 2024 2023 Nol• Flxod a88frts Tangible fixed assets Inveslments 11 350,000 12 4,322.100 4,672.100 350,000 4,322.100 4,672,100 Current as88ts Cash al bank and in hand 77,825 Cr•dltorg: amounts l•lllng due wlthln one year Ngt curront Ilabilltlei 14 12,768 (12.7681 4,659,332 77.82S 4,749,925 Total a880ts1088 Cufront Ilabllltlo• Fund8 of Iho ¢hArlty Unrestricted funds 4,659,332 15 4,659.332 4,749,925 4,749.925 Total charlty fund• These fi cial statements were approved by the board of trustees and aulhorlsed for Issue on and are signed on behalf of the board by.. M l Adleslone OBE Chairman Th• nots• on pages 16 to 24 form part ofthe8• flnanclal stst•m•nts. 14
The Beaverbrooks Charitable Trust Statsment of Cash Flows Year ended 29 February 2024 2024 2023 Cash flows from opeiatlng actlvltles Net expenditure {90.5931 (1,554.4751 Adjustments for.. Dividends, interest and rents from Investments Cash gen6raled from operations N8t cash used in operating activrtSes 1141,5711 {145,9201 1232.1641 11,700,395) 1232,1641 11.700.395) Ca8h flows from Investlng actlvlll88 Divid8nds, interest and rents ffom Snvestmenls Proceeds from sale of other investments 141,571 145,920 1,655,900 1,801,820 Nel cash from Investing a¢tlviltes 141,571 Not Idecroa8e)Ilnci•a80 In cash and cash oqulval•nt8 Cash and ca8h •qulvalBnts at beglnnlng of yoar Ca8h and cash 8qulvalenl$ 01 end of year 190,593) 77,825 112,7681 101,425 {23,6001 77,825 13 The not08 on page$ 16 to 24 fonn part of th880 flnan¢lal ststemgnts. 1S
The Beaverbrooks Charitable Trust Note8 to tho Financial Statsm•nts Year ended 29 February 2024 G•n•ral Inforniatlon The charity is a public benefit entity and a registered chanty in England and Wales and Is unincorporated. The addre$$ of the principal office is Adele House, Park Road, St Annes-on-sea, FY8 1 RE, Lancashire. 8tat8ment of compllance These f*nancial statements have been prepared in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and tho Republic of Ireland,, the Slalement of Recommended Practice applicable lo charities preparing their a¢¢ounts in accordance with the Financial R8POrtlng Standard applicable in the UK and Republic of Ireland IFRS 1021 Icharits'es SORP IFRS 10211 and the Charities Act 2011. Accountlng pollcl88 Ba•1• of propar•tlon The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured al fair value through income or expenditure. The financial statements are prepared in slerting, whlch is the lunctlonal currency of the entlty. Golng Concern The charity's aclivilies, together with the factors Ilkely to affect its future development, performanGe and position are sel out in the Trusteès, Report which also describes the financial position of the charily including ils investments and reserves policy. 11 is iliè Iiilentlon of the directors of Beaverbrook8 the JewelL8rg Llmiled lo continue lo distn'buto 20010 of the dlstribulable profit ol Beav8rbrooks the Jewellers Limited lo the charbty. The charlty's forecasts and proje¢liong, taking account of possible changes in donations and investment income, show that the charity should b8 able to operate with the current level of reserves il has. After making anquirl&s, the Trustees have a reasonable expeclatson that the charity ha8 adequate resources lo continue in operational exi518nce for Ihe foreseeable futur8. The Trustee8, therefore, conslder that the going cOnM assumpb'on is an approprlate basis on which lo ppare these financial ststemenls. 16
The Beaverbrooks Charitable Trust Notss to tho Financial Statsmonts (¢onllnu•dJ Year ended 29 February 2024 Ac¢ountlng policie8 (conllnv•d) Judgomonts and koy •our¢08 of 08tlmatlon uncertalnty In the applic81ion of the accounting policies, whi¢h ar8 described in note 3, the Trustees are required lo make ludgemenls, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from olh8r Soufces. The estimates and associated assumptions are based on historical experience and other factors that are considered lo be relevant. Actual results may differ from these eslimales. Th& estimates and undertying assumptions are reviewed on an ongoing basis. Revisions lo accounting eslimales are cognlsed in the period in whlch th8 estimate is revised if the revision affects only that period, or in the period of the revlsion and future periods if the r8vision affects both current and futurè periods. The Trustees do not consider there are any crillcal judgements or sources of 8slimation uncertainty requiring dlsclosure beyond the accounting policies listed al)ove, Income tax The 8eaverbrooks Charitable Tru511s a regISted charity and has no liabillty to corporation 18x on Ils charitable acllvllies under the Corporation Tax Act 2010 {chapters 2 and 3 of part ii, section 466 onwards) or Secllon 258 of the Taxation for the Chargeable Gains Act 1992, to the exlenl surpluses are applied lo Ils charitable purpo808. Fund accountlng The Charity hold8 only unrestricted fvnds which are freely avallable to use in the fulfillment of tho charity's objectives Incomlng rn•ource8 Income Is recognised when the charity has entitlement to the funds, any perlomance conditions attached to the ilemlsl of income have been met, it is probable that the Income will bè rgcgived and the amount can be measured reliably. Income from Investment Income is aGCOUllted for when eamed, 17
The Beaverbrooks Charitable Trust Not08 to the Financial Statsments fcontlnuo Year ended 29 Fobruary 2024 Accounting poliei08 feontlnu8dJ Re$ource8 axpended Exp8nditU 1$ recognised once there is a leg81 or conStrucve obligation lo make a payment third party, it is probable that settlement will be required and the amount of the obligation can be measurèd reliably. Grant payments are accounted for once the Gharity has made an un¢ondilional commitment to pay the grant and this Is cOmmunated to the beneficiary or when th8 grant has been paid, whichever is earlier. whe an award is conditional and compliance is within th8 control of The Beaverbrooks Charitable Trust, the award is not recognised until the conditions ar8 met. Where an award 1$ conditional and outside the control of The Beaverbrooks Charitable Trust. the award is recognised and acoounted for in the same way as an unconditional award. Support C081s are those fun¢lion8 that assist the work of the charity but do not directly undertake charitsble acts"vilies. Support costs include governance costs whlch support the charity's aclivilies, No income or 8xpendllure have been recognised for the in kind contribuUons provided by Beaverbrooks the J8wellers Limited on the grounds of materiality. Tanglblo ai•ots Tanglble assets are initially recorded at cost, and subsequently Slated al cost less any accumulated depreciation and impairment losse5. Any tangible as8e15 carrled al revalued amounts are recorded al the fair value at the data of revaluation le85 any subsequent accumulaled depreciatson and subsequent accumulated impairment losses. An Increase in the carying amount of an asset as a result of a revaluation. 58 recogni8ed In other recognised gains and losses, unless It reverses a charge for Impaiiment that has previously been recognised as expenditure within the statement of financlal activities. A decrease in thé carrylng amount of an asset as a result of revaluation, is reoo9nised in oth8r recognised gains and losses, except lo which It offsets any previous revaluats'on gain, in which case the 1038 is shown withln other recognised gains and losses on the statement of financial activities. Inv•stm•nts Soclal Investments Soclal Investment for which fail value can be measured reliably wilhoul undue ¢o$l oi effort on an ongolng basis are measured al fair value annually with any change recognised in the slalemenl of financial activities. Unlisted Investments Unlis18d investments are sh¢)wn at cost less any provision for impaimient. Inveslmenl$ repTesenled unllsted investments, al cost, in the share capital of Beaverbrooks the Jewellers Limited, a company registered in the United Kingdom. The Trust's shareholder represents 20%. The Trustees are mindful of their responsibilities in relation to an investment policy and ensure that the policy addresses the needs of the charitable trust and 115 beneficianes in the short, medium and lon9 term, taking inlo account the future needs of the charity in terms of both capital and income. 18
The Beaverbrooks Charitsble Trust Notes to tha Financial Statements (¢onllnu Year ended 29 February 2024 A¢¢ounllng pollci08 fcLintlnuodJ Impalmi•nt of fixéd a$80ts A review for indicators of impaimienl is carried out al each Porknng date, with the r0verable amoltnt being ests'maled wh6re such indicators exist. Where the carrying value exceeds the recoverable 8mounl, the asset is impaired accordingly. Prior impairments ale also reviewed for possible reversal at 6ach reporting dale. For the purposes of impaimi8nt lestlng, whén il is not possible lo eslimate the recoverable amount of an individual asset, an estimate 18 made of the recoverable amount of the cash- generating unil lo which the asset belongs. The cash-generatlng unil 15 the smallest idents'fiable group of assets that includes the asset an¢J generates cash inflows that largely independent of the cash inllows from other assols or groups of assets. For impaiment lesling of goodwill, the goodwill acquired in a bL*siness combSnalion Is, from thé acquisition date, allocated lo each of the cash-generallng units that are expected to benefit from the synergies of the combination, irrespèctive of whether other a$sel$ or liabililles of the charity are asslgn8d to those units. Fln•nclal In•trumgnt8 A financial asset or a financial liabllity is recognlsed only when the charty becomes a party lo the conlraclual provlsions of the Instrument. Basic financial instruments are initially recognised al the amount receivable or payabl8 includlng any related transaction costs. Current assets and curnt liabilities are subsequently measured at the cash or other consideration expected to be pald or rèceived and not discounted. Debt instruments are subsequenuy measured al amortlsed cost Where investments in shares are publicly traded or their fair value can otherwise be measured rgliably, the Invéstment is subsequently measured al fair value wllh changes in fair value recognlsed In income and expendilure. All other such investments are subsequently measured at cost less impairment. Other financial instrum8nls, including derivatives, are initially recognised at fair value, unless payment for an asset Is delerred beyond nomal business terms or financed al a rale of interest Ihal is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at falr value, with any changes recognised in the statement ol financial aclivitles, with the exception of hedging instruments in designated hedging relationship. Financial assets that are m8a$ured at cost or amortised cost are revlewed for objective evidence of impairment al the ené of each reporting dale. If there is obleclive evidence of impairment. an impairment loss 1$ recognised under the appropriate heading in the statement of flnancial activities in which the initial gain was re¢ognised, 19
The Beaverbrooks Charitable Trust Notes to the Financial Statements (cofttlnuo1¥ Year anded 29 February 2024 A¢¢ountlng policlo8 (conllnu•d) Financlal Instruments (¢onbnu•dJ For all equity inslrum&nts gardleSS of significance, and othèr financl81 assets that are individually significant, these are assessed individually for impairment. Other financial assets are erther assessed individually or grouped on the basis of similar credit risk chafaclerislics. Any reversals of Impairment are fecognised imm8dialely, to the exlenl that th8 reversal does not result in a carrylng amount of the financlal asset that exceeds what the carryin9 amount would have been haé the impairment not previously been recognised. Donatlon• •nd1ogacl•• Unr8slrfcted Total Fund8 Unreslrlcled Total Funds Funds 2024 Funds 2023 Donatlon8 Baaverbrooks th& Jewellers Llmited donations Other donations 1,975,000 33,642 2,008,642 1,975,CiOO 33,642 625,000 31,974 656.974 625,000 31,974 2,008,642 656,974 Invmtmont Ineomfr Unrestricted Totsl Fund8 Unr881rict8d Totsl Funds Funds 2024 Funds 2023 Divldend income 141,571 141,571 145,920 145.920 Exp•ndltur• on charltabl• actlvltl•• by fund typo Unr8slrleted Total Fund8 Unrestrtcted Total Funds Funds 2024 Funds 2023 Grants to inslitutSons Support costs 2.240,613 193 2.240.613 193 2,357,21 S 154 2,357.215 154 2,240,808 2,240,806 2,357.369 2,357,369 Expendlturo on charltable a¢tlvltl•8 by acllvity type Grant funding of activities Support costs Total funds 2024 Total fund 2023 Grants to institutions Govemance Costs 2,240,613 2,240.813 193 2,357,215 154 193 2,240,613 193 2,240,806 2,357,389
The Beaverbrooks Charitsble Trust Not•s to tho Financial Statements (contlny¢dJ Year ended 29 February 2024 Analysls of grants 2024 2023 Grants to In8titutlon8 Grants to inslitulion5 type 1 Tolal grants 2,240.613 2,240,613 2.357,215 2,357,215 Staff co•i• The average head count of employees during the yèar wa8 Nil {2023.' Nill. No employee received employ88 b8nefils of more than £60,000 during the year12023'. Nill. 10. Tru•t•o romuneratlon and expen•08 As referred to in the Trustees, Report. The Beaverbrooks Charitable Trust currently utilises the lime of four employees of Beavefbrooks the Jewellers Limited Sn order to administer ils affairs. Beaverbfooks the Jewellers Limited does not charge the charlty for this tsme slnce il is not practicable to qualify their allo¢ation of lime and hence salary cost. No Trustee has received any remuneration or expen88s from the charity durlng the curr8nt or previous year or had any expenses paid on their behalf. No employee has received any remuneration or expenses from the charlty during the current or previous year and accordingly no employee earned in exGe55 of £60,000 {2023'. £80,000) in the year, All staff members involved in the Nnning of the charity are employees ol Beaverbrooks thè Jewellers Limited and as such, their remuneration is paid by that company12023.' same). 11. Tanglble flxod a•sets As at 29 Febwary 2024 th& social investment included In freehold propety represents a propety used by Blackpool Carers Centre Limited for their charitable purposes. The historic cost al 29 F&bruary 2024 was £350,000 which is also considerèd to be the fair value as management do not deem Ih8re lo be any other reliable estimate for the fair value. 12. Investments 21
The Beaverbrooks Charitable Trust Notss to the Financial Ststemonts Iconllnued) Year ended 29 February 2024 12. Invostm8nts (¢ondnued) Other Inv•8lment8 Cost or valuatlo Al l March 2023 Addrtions 4,322,100 At 29 F•bruary 2024 Impalrment At 1 March 2023 •nd 29 February 2024 Carrylng amount At 29 Fobruary 2024 At 28 February 2023 4,322,100 4,322,100 4,322,100 All investments shown above are held at valuation. 13. Ca*h and ca•h equlv•l•nt• Cash and cash equivalents comprise the following.. 2024 2023 Cash at bank and In hand Bank overdrafts 77,825 112,768} 112,7681 77,825 14. Cr•dltorn: amounts lalllng du• wlthln on• yoar 2024 2023 Bank loans and overdrafts 12,788 1S. Anaty81• of chafltable lund8 Unr•$lrlctsd funds At 29 February 2024 At 1 March 2023 Income Expenditure General fund5 4,749,925 2,150,213 12,240,8C61 4,659,332 At 28 February 2 023 At 1 March 2022 Income Expenditure General funds 6,304,400 802,894 12,357,369) 4,749,925 22
The Beaverbrooks Charitable Trust Notes to th• Financial Statements (conltnu Year ended 29 February 2024 16. Analy818 of net a$set$ b&two•n funds Unrestricted Total Fund8 Funds 2024 Tangible fixed assets Investments Current assets Creditors less than 1 yeai Net a88ets 3SO,000 4,322,100 350,000 4.322,100 112.7681 4.659,332 112,768) 4,659,332 Unrestrfcted Total Funds Funds 2023 Tangible fixed a$sels Investments Current assets Creditors less than 1 year Net a880ts 350,000 4.322,100 77,825 350.000 4,322.100 77,825 4,749,925 4,749,925 17. Flnanclal In•trum•nl• No additional dls¢losures required In respect of financial Inslrumenls. 18. Analy818 Ot ¢h•nge• In not d•bt At Al 1 Mar 2023 Cash flows 29 Feb 2024 Cash at bank and in hand Bank overdrafts 77,825 177,8251 112,7681 190.5931 112,7681 112,768) 77,825 19. Othgrflnanclal ¢ommltm•nl• Al 29 February 2024 tho Trust had total outstanding commitments of £1,000,000 over the next five years.
The Beaverbrooks Charitable Trust Notes to the Financial Statements (¢onUnu•d) Year ended 29 February 2024 20. Relatod partlO8 M Adlestone and A Blackburn who are Trustees of The Beaverbrooks Charitable Trust are a150 directors of Beaverbrooks the Jewellers Limited. - Donations CeIVable Beav8rbrooks the Jewellers Limited made donations to the charity amounting to £1,975,000 12023, £625,000) in the year. Unlisted investments and income therefrom Income of £141,57112023', £145.92ai was recognized in the year, representing dividends payable on Ihe investments held in Beaverbrooks the Jewellers Limited. The cost of the investment held Is shown In note 11. Expenditure Beaverbrooks the Jewellers Llmlled has born8 the 8udil fe8 of £3,48012023'. £3.4801 for the audit ol th88e financial stslemenls. BeaveTbrooks the Jewellers Limilad has also bome the salary c081s of the employees of 88averbrooks the Jewellers Limited, who have in¢urred lime on the adminislralion of The Beaverbrooks Charllable Tfust in the year. Beaverbrooks the Jeweller5 Limited made no recharge for Costs to The Beaverbrooks Charitabk8 Trust in the year. - Related party balance AS at 29 February 2024, no amount 12023.. same) was owed by or lo The Beaverbrooks Charitable Trust lo BeaverOokS the Jew8118rs Limlteé.
The Beaverbrooks Charitable Trust Management Infomiation Year ended 29 February 2024 Tho followlng pages do not fomi part of tho flnanclal 8tstemgnt8
The Beaverbrooks Charitable Trust Detallad Statement of Flnancial Activit[88 Yèar anded 29 February 2024 Year endod 29.2.24 Year ondad 28.2.23 Income and endowments Donations and legacies.. Beaverbrooks the Jewellers Limlted donations Other donations 1,975,000 33,642 825,000 31,974 Invostment Income Dlvldends 141,571 145,920 Total Income 2,150,213 802,894 Expendltur• Grant8 to In8tltutlons Acces8 Sport Ambers Amiy Belong Benevolent Society Better World Charity Ltd Better World Charity18rael Blackpool Carers Blackpool FC Communty Trust Blue Skies Hospitals Charitable Fund 8nos Yisro61 School Manchester B'nai B'rith Hillel Foundation (UJS) Bowdon Shul British Frfends of United Halzalah Israel British Israel Communication & Research Centre British Israel Trade Union Dialogue British Red Cross British School Watchmaking Broughton Jewish Primary School Business in the Community Camp Simcha Caribbean & African Health Network Chai Cancer Care Chetham's School of Musi Chief Rabbinate Trust CLIC Sargent 7,500 5,000 10,000 12,600 25,000 25,000 7,500 28,000 20,000 10,000 5,000 5,000 18,667 20,000 5,000 5,000 27,000 5,000 10,000 15,000 15,000 10,000 18,500 7,500 10,000 15,000 10.000 25,000 10,000 10,000 15,000 26,000 7,500 10,000 15,000 5,000 20,000 5,000 - carried forward- 254,0(K) 246,767
The Beaverbrooks Charitable Trust Detailed Statement of Flnanclal Actlvltles Year ended 29 Fèbruary 2024 Year ended 29.2.24 Year ended 28.2.23 Grants to in•lltutlon8 Icontinuedl - brought forward- 254,000 248.767 Community Security Trust Council of Christians and Jaws Crossroads Manchester Eshel UK Friends of Colel Chabad Ezra Care Fylde Rugby Community Foundation Gingerbread Greater Manch88ter Arts Cenlre (Home) Grief Encounter Hale Adult Hebrew Education Tru8t Hale & District Hebrew Congregation Halle Concert8 Society Henry Jackson Society Hershel Weiss Children's Centre Holocaust Centr8 North Holocau81 Educational Trusl Holocaust Survivors, Friendship Association Jewish Child'8 Day Jewish Futures Trust Ltd Jewish Leadershlp Council Jewish School Network Jewish Women'8 Aid Jnetics Keren Labour Friends of Israel Labour Together Ltd LCCC Foundation LCU Vonirn Manchester (Aim Hoboniml Leeds Hospital Charity Leeds Jewish Welfare Board L8v Chaim LGBT Foundation Limmud London Jewish Family Centr8 Lowlher Gardens Lytham Trust Magen David Adom UK Maggies 35,000 5,000 10,000 5,000 10,000 27,500 5,000 10,000 7,500 10,000 10,000 10,000 5,000 10,000 32,500 5,000 5,000 5,000 10,000 7,500 10,000 5,000 10,000 10,000 10.000 10,000 10,000 30,000 50,000 10,000 25,000 30,000 5,000 10,000 10,000 10,000 5,000 10,000 10,000 10,000 10,CM)O 7,000 10,000 10,000 10,000 10,000 10,000 S,C(JO 10,000 5,000 5,000 25.000 20,01)0 50,000 20,000 50,000 - carrled fornard- 624,000 643,767
The Beaverbrooks Charitable Trust Detailed Statement of Flnancial Activltles Year ended 29 February 2024 Year ended 29.2.24 Year ended 28.2.23 Grants to Instltutlons {continued) - brought forward - 624,000 643,767 Magic Club Madhlo Manchester Bais Yaakov Sixth Fom Manchester Foundation Trust Charity Manchester Jewish Museum Manchester Jewish School for SpecAal Education Manche8l&r Maccabi Marcia & Andr8w Brown Charitable Trust Mekimi Migdal Emunah Mustard Tree National Holocaust Centr8 Newlsrael Fund (UK) NSPCCIChildlSne ORT UK Prevent Breast Cancer Rainbow Trust Chiklren's Charity Retail Twst Rosem8re Cancer Foundallon Royal Northern College of Music Royal ExcharwJe Theatre Salford Lads, & Girls, Club Save a Child's Heart Seashell Trust Seed Special Splrlts St Ann'$ Hospice Slre8tlife Trust Th8 Anne Frank Trust UK The Boathouse Youth Ltd The Factory Trust The FED The Focus Foundation Th8 Friendship Circle The Inform-All Proj8Ct Ltd The Jacob Foundation The Langdon Foundation The Prince's TrL1 The Univetsity of Manchester Re-write CanGer 10,000 10,LK)O 15,000 10,000 25,000 10,000 10,000 10,000 200,000 25,000 10,000 200,000 5,000 15,000 30,000 50.000 15,000 33,431 50,000 5,000 35,000 5,000 10,000 10,000 10,000 50,000 5,000 20,000 50,000 7,500 5,000 12,500 50,000 10,000 10,000 10,000 50,000 7,500 10,OC 10,000 25,000 so,000 250,000 10,000 15,CQO 25,000 50,000 220,000 15,000 5,000 5,000 62,500 50,000 62,500 75,000 - carried forward - 1,694,000 1,639,698
The Beaverbrooks Charitable Trust D•talled Statement of Flnanclal Actlvltles Year ended 29 February 2024 Yoar ended 29.2.24 Yoar ended 28.2.23 Grants to In8tltutlons Icontlnued - brought forward- 1,894,CQO 1,639,698 The Wort< Avenua Foundation The Zone T'Mim8i Lev School Trinity Hospice Triple C UK Torem8t Ltd (Darca S¢hool81 United Jewish Israel Appeal Variety- The Children's Chanty Withington Girls. School Wodd Jewish Relief Yad Vashem Yan Yisrael Belarus YTD rrhe Helpline Other grants les8 than £5,000 15,000 8,300 11,250 10,000 60,000 40,000 29,013 85,000 10,015 5,000 10,OCM) 27,500 20,000 10,000 5,¢XSO 419,113 438,939 2,240,613 2,357,215 Govornanee co•ts Bank charge8 193 154 193 154 Total oxpondltur• 2,240,806 2,357,369 N•t expendfturo and n•t movement In funds 90,693 1,564,476