THE BUTLER TRUST IA charitable company limited by guarant••l DIRECTORS, AND TRUSTEES. REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Company No: 07844810 Charity No= 1145182
THE BUTLER TRUST REPORT AND ACCOUNTS CONTENTS Page Dlroctors. and Trustees. Report Independent Examiner's Report Statement of FSnancial ActlvltSes 10 Balance Sheet 11 Notes to tho Accounts 12-19
THE BUTLER TRUST DIRECTORS. AND TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees are pleased ¢0 present thr annual Directors. lew1 logelher with the finanaal statements ol the charity for the year ended 31 sl March 2025, whh are also Pfepared to meel the requirements for a directors, report and Companies Act purposes. The financial slalemenls Comp wrth the CharitEs Acl 2011. the Companies Act 20(, the Memorandum and Articles of Association, arKI ACCOtIng and Reporting by Charilies.. Staternent5 01 Recotntnernded Piactice applicable to charils preparing their accounts In accordance Mth the Financial Reporting Standard applicab in the UK and RepblIC ol Ireland IFRS 1021 (effective 1 January 20191- Icharity SORP IFRS 102} Revised). STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng Documènt The Butler Trust is iègisl8rèd as a cornpany limrtÈd by guaranle8 and not havlng Sha caprt81. 11$ opèr¥ll¢ns arè governed by ils Me[andUM 8nd artleS ol association IM&AAI. The Bu118r Trust vrds originalty forrTd and registered as 8 ch8rity (no 2917621 in 1985. It was incwporated as 8 company on 11 November 2011 and reg13tered as a charity with the Charty Cornmission on 21 December 2011. 11 ComMend activities on 01 April 2012, replacing Ihe previous charilable trust ol the same name, from which all staff and asse15 were transferred OTh that date. The company inlormalion sel out on page 7 form6 Part of thi5 report. Oryanlsatlonal Structure The Trust is a charilable Goryany, org8nised 80 that Trustees and OffrArs rneel regularfy lo manage ils 8ffair¥. The Board comprises rnembers from a V8rtY of bath9rounds. and abso includes represgnlalive8 ol th8 Butler family. To facililale activities, tho Board has delegated aulhorrty lo the Director for operational mallers including financial, employmeTht and othèr rèlatèd 8elNilbs. De¢l$bn$ rèlalMI9 to sli8lw and pollcy arè madé by thè Board. Recrultment and appolntment of Trustéès The Chair of the Board is nominalèd by the Trustèes. Trustèes arè apF)ointed by rèstslutitsn tsl Ihe Board. taking account ol a range ol criloria, in¢luding the need lo maintain a der9e and complernernlary range ol skrlls and vxperiernco on the Board. Corporate Govemanc• The Director is appolnlèd by, and accountab lo, th8 Board ol Trustees. and reports lo them al Iheir règular meetings. Governance rnatièrs arè rev an<J overseen by Trust al IheiT regular meetings. The Trust's annual budge15 and bu31noss plans, Iriènnral strategic plans. operating poltcies, and Ihe Directorfs Temuneraln are all subject lo Board approval. Rlsk management The Direclor main18irns a fisk r8gistèr covering strateg. operational. fin8ncial. govemance. compliance and extemal risks. Thw reglster idenlilies Potentialty significant 11sk5 and their likelihood and Possib impact in each ol these areas, together with exisling conliol measures. any additional aclKJns ceqvired to milwJate retained risks, and the people resportsible lor ensuring they are mtsnitored and addre55ed. The risk register is revièwed by Ihè Board al ils quartèrty etIngS. The Trustees h8v6 given consKlatstw)n to the major risks to whth the charity is exposed and have satisfied themselves that syslems and piocedures are in pce in order to Mitale and manage these and other risks.
THE BUTLER TRUST DIRECTORS. AND TRUSTEES, REPORT (Conud) FOR THE YEAR ENDED 31 MARCH 2025 Diversity The Butler Trust is cornmitted to promoting equalty. diversity, and inclusion. as well as dignity snd r85pect, in all ils dealings, and opposes all forms of unlawful and unlait dtscriminatioTr, vKtimisation. harassm8nt. bultying, and insullino or abusive béhaviour The Trust aims lo ensure Ihat.. no one is unlawfully or unlairty discriminated againsl in any of ils dèalings, on the grounds of a protected characlerislic las delirned by Ihe Equality Act 20101. or any other irrelevant factor., il creates an environment In Ils woth and dealing5, in whh indivvjual diNerences and the contributions of all are recognised and valued, and diversity is èncouraged., the w01ng environmèthl wilhin the Tru51, and the way we carry oui our work, promotes d¥Jnity. respect 8nd fairness lo all. The Trust has a comprehensN6 Equalty. Dfversily & InclusKJn and Dignity & Respect Policy. The Policy, and Ihe Tru81'5 cornpliance with bt. are roviewod 8nnualty. Strateolc revlew and Bu8ln•ss Plannlng A new, Ihree-year strategy r4. Including targets for Ihè perK)d 2024-27. was approvcd by Truste8s in March 2024. Taking account ol th8 mure challenging funding environment generalty. and the loss ol a number ol privale sector probaltori lunders following thè rènali¢n8l3ti0n ol piobalion in England & Wab5, largets for the next Ihrgo yDars include.. introducing furthtsr elfiGneY 88ving5 to reduce our corn opèrating costs. with Ihe awn ol balancing fulre income and co¥e expenditurè., malnlalning our core charitable activrties {th& Awards. Alumni Programm8. HiddenHoio*$ programme, the Knowledge Exchange. and nolable praclice tphies1.. complèting work on the G(d Book dPrisons 2- to Klenllfy and share good practica acrg5S the custodial eslalp., in con$ullalion with key 8lakehoklers, and subjecl lo capacty and lunding. looking al olher'arjded v81ue' projects in line with our charitable objects. drawing on r8serves il required. Each year over the period. an annual Busin& PLan is agreed detailing 8 plan of aclKJns inlend•d lo further each ol these Strategic aims. Targets in th¢ 2024-25 Business Plan includ8d.. further sirnplrfying 8nd slrcamlining Ihe systems and procèsses vnderpinning the Awards and widar adrnini81ralKJn, to improve our operational resilience and effKieTrcy,' bringing in a consultant (Russell Websterl to assist in thè 8dminislralion and promIn ol the Knowledge Exchange platlom., completing worfK on Ihe second Good13ook ofprtson.£. based on a natnal lour ol the v&st8te. fwusing on examples ol notable pra¢lice in each establishmenl in England & Wale3.
THE BirrLER TRUST DIRECTORS, AND TRUSTEES. REPORT {ConVdl FOR THE YEAR ENDED 31 MARCH 2025 Our volunt8ers We had 20 volurkte8rs in 2024-25 p¥oviding a lolal of apwoximalety 400 hours supporl12023-24." 16 volunteers and 350 hours). Volunle8r5 a$St81 al our Aw8rd3 cerenY and on our Awarding Panel and notable practice Irophy panels. HARITABLE ACTIVITIES Public Benefit The Trustees confimi Ihal, when reviewing the charitable companrfs activit$ and dèvisirng its futur8 progT8mm8, they have referred to the Charity Commission's general guKlan on public benefit and complied wrth their duties under Section 17 of the Charities Acl 2011. The Trust's principal charilable purposes for the public benefit arè io further and promote practice among those workino in the penal system in the United Kingdom whh contributes lo.. the promolion of the rehabilitatn ol off&nd•r$ and th¢ ptevèntion of ¢rimtt.' the promotion ol the social inclusion ol offendèrs by facililaling their inlegiation and constructive engagement in society., and the advancement ol the heatth. safety and p$y¢hoh)gi¢o1 %5lbe1Th9 ofoffenders and those who work with them. Our purposè and actlvltles The Trust's principal objectives arè to rècognisé, devalop and dlssemin8le good practice on the part of those working in ¢orreclion?I setling5 across the Unitgd Kingdom whKh promotes or olherwise ¢onlribules lo.. the rehabilitalion ol offendors., the social inlegrali)n ol offenders., the effeclNe managamènl and care of offencSer8,' the heallh and well-being ol Staff., uime pr&ventK)n'. and Wkler b8n&frts to public at largo. The main elements ol charilable acttvrfy are.. an AThnu81 Avrdrd S¢heffE, whth aims to Klentify. r2lebrale and pron)t& pracllce whlch ¢onlribut¢$ lo the public benelrts outlinvd above, an Alumni Dèveloprnenl Programwo. which al lo help Award Winners and Comm8ndè&s lo1garn from and bui¢d upon Ihalr 8chl8vtmenl¥', a Hidden Heroos Programme, whh aims lo prornole rnorale. and celebrate and promole the rolè ol stall and volunleer5 across thè sector; a Good Practice Programrne. whth aims lo spiead good prace. including that ol Award Winnars and Commendeès. acro85 UK corieclvTral setlings. Achlevements and Pèrformance 2024-25 proved d)allenging on three fronts.. our attempts lo further improve the IT system UndeiDning the Awards caused the system to fail, so we had to revert to a time-consurning manual system instead, and dedrale much lttne over the folh)wing 12 months lo building a new Iweb-bas8dl system, our Operations Manaqer, Andrew Skitton, left at the end of May. after 17 years ¥wth tho Trust, and the 1055 of hls knowledge, skills and experience was keenty felt.. we replaced Andrew with a part-lime adminislraloT on the assumpi*Jn that that would provide sufficrernt cèpacity I cover the Trust's administiatwe workload. heVer that proved not lo be the case.
THE BUTLER TRUST DIRECTORS, AND TRUSTEES, REPORT (Conud) FOR THE YEAR ENDED 31 MARCH 2025 Annual Awards In 2024-25.. we re¢èive(1435 nomination5. just bek)w the fecord 01445 in 2023-24 befor8." we $aw an uptick in engagement and nominations frorn England & Waks Piobation. and Seotlish prisons, following 0r efforts lo encourage grealer partKipation from them. though Scolbsh community justice rèmainÈd a challen9e,' we had a good spread of wirsners amon9 Ihi5 year's Award Winners and Comwwndèès acro88 the S101, and in terms of gender and ethnicity, and unrformed stall w8r& well represented too. and more prisons took part than ever This yearfs 40th Anniversary Ceiemony was a great success- topped off by the att&ndarhcé of HM The Kirngl And the Ceremony was covered in many of the national newspapers. as wcll as other publtratK)n3 including HELLOI magazine. Alumni Develo ment Pro rammg 22 01 last year's wnners tc*)k part in the Alumni Programme - in line with previotss yèars. Feedback from part1panIS was again exc6llent.
HiddenHero&s
The 5th Annual HiddenHeroos Day took placè on September 25. with strong support from HMPPS, SPS, and the Northern Ireland services. and Minister$ in S¢ol&nd and Northern [Land addod their publiG support loo. Good Piaclice Because of the IT and slaNing challenges wè lacad during Ihe year, further work on the second Good Book of Prisons was put on hold in 2024-25. We conllnued lo adminLslei the onle Ibrary ol practice rekAled Tesources on theKnowledgeEx¢hange uk engaged Russell Webster on a consuttancy basis to m8llage Ihtr site, and help promte it through hls own network, and We also ran the Kathy Biggar Trophy lor notable pra¢li¢e in non4uslodial settings again, with thè Trophy bein9 awarded on this oCcaSn to South Wesl Probation lor their Dofsèl Lunch Clubs iniliatNe. FollwIng our efforts lo èneoura98 greater engagement with the Trophy we received a total 0122 submiss)n$ in 2024 compared to only 10 the prevK)US year. Trustees a9reed th81 IhÈ Ruth Mann Trophy lor notabl& practts In ty$iodrdl sèllings should remain on hold unlil wotl( on the Good Book ofprisons completed. Ro al Patron In addition lo again presiding over the Anntjal Avrard CtrrÈrrK>ny, HRH The Princess Royal. as our Patron, vigiled North Tyneside YJS, HMP Lrtti@hey, and Heathrow IRC.
THE BUTLER TRUST DIRECTORS. AND TRUSTEES. REPORT {ConUdl FOR THE YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW Overvlew The net operating delicil for the year is £8.13912024 - £26.484). The charity generated a dekil 01 £21,75312024 E31.7061 PAor lo gain on investmenl arising on the tharty's investment wrtlolio totalling £13,61412024- £5,222). Thé lolJl fund3 carrd lOard as al 3151 March 2025 ar8 £292.02212024- £300,161). Invgstment and reserves policy 11 the Intention ol the Trust to budget and operate on a broadty balar basis for core annual expendilura. Howèvei, res&rves can be used lo cover any shortfall in revenues and ¢)perating expènses and also to SUPFX)Il strategic initiatlV85. The Trust lollows a set ol guidelines to ensure ils fund can meet all defiGil and expendilufe obligations in r&lalion lo Ils anllualty approved budget. The gu¥Jelines include IKIuKlity measures to ensure.. minimum assetrliquidily thrèsholds in reserve lo ensuFe the TnJ5t can op8rate as a going conc81n', minimum reserve lèv815 before the Trusl considers any sKJnilicanl slralegic change.. minimum cash equNalent reseNes before Ihe Trusl coThsKlers acquirng investment assèts, and specifically having an exposurè lo equil3., thè Trust manages with a minimum Ke1 of working capital for current and forecast opfyraling purposes. Prlnclpal lundlng sourc•8 The priThLipal funding $¢ur¢¢$ lor the Trust a His Majesty's Pwi5on 8Nd ProbalK)n serVe IHMPPSI, prfvale conlraclorB working in th8 prison and proba16orb se¢lors, (arilable trusts and foundatn5. and. lo a limrt8d extent, individual donors. FUTURE PLANS AND DEVELOPMENTS Our plans in 2025-26 include-. compleling the overhaLtI of thè Syste and processes undeining thè Award scheTh, follovAng the diffi'¢ullie$ experienced last year.. relurnino lo a core tèam ol Iwo full lime slaff members- lli tyd¢r to in¢rease the Tfust's 84Jmlni$lr8live capacity and enhance Its operational resilien¢e- furthei enhancing the Trust's fulure financial and operatK)nal resi1r'. implèmenting changés lo the Alumni Devek)pment programme agreed in Ihe previous financial year introducing a rangtr of CPD oplK)ns for partKipants', rtrslarting work on the second G(KJd Book otPnsons. including
THE BUTLER TRUST DIRECTORS, AND TRUSTEES, REPORT (Conudl FOR THE YEAR ENDED 31 MARCH 2025 REFERENCE AND ADMINISTRATIVE DETAILS Charity numbèr= 1145182 Cornpany numbèr.. 07844810 Regist¢r¢d office.. 167-169 Greal Portland street, 5th Fkr, London, W1W SPF Directors and Trustees: The Directois of the charitable company Ithe charilyl are ils Trustees for the purpose of charity ¢aw. The Trustees and officers serving during the year and since the year end were as folJow5'. Trustees Michael Spurr CB Robin Wilkinson OBE BrKJ. Edward 8uller CBE DSO Makolm Butler Geoffrey Dobson OBE Dr Louise Falshaw Elizabeth Green OBE MStJ DL Peter MeParlin Pia Sinha Stacey Task6r OBE B8varley Thompson-8rown OBE Chaw Treasuref {AppOted on 30 January 2025) {Resigned on 19 Oclober 20241 Senlor Management Team: Simon Shepherd OBE- Executive Dweclor Indèp•nd•nt Examlner: Samir Shah FCA. Rarnon Le8 Lld, Chartered Accounlanls, 93 Tabernacle SITeel. London, EC2A 4BA Bankers: CAF Bank Limited TrS Bank
THE BUTLER TRUST DIRECTORS, AND TRUSTEES. REPORT (Contld) FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES, RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS The Trustees (who are a150 Directors ol The Buuei Tiusl for the purposes of company L4wl are iespon5ible for preparing the Truslees, Annual Report and the financial 5tatemenls in accordance with appli&9b and United Kingdom Accounting Standards (United Kingdom Gèn8r81ty Accepted Accounting Pract1. Company law requires the Trustees lo prepare financial slalemenls for each linancial yèar whh give a Irue and fair vièw of the slate of affaiis of Ihè charrtable company and of Ihe incoming iesources and application ol resources, including the income and expenditure lor Ihal pe¥. In ppalIng thesè financial slalemeryls, the Trustees are required lo-. In preparing these financial slalerrenls, the Trustees a requimd to." select suitable accounting poliCS and then appty them consislenlty.. observe the methods and principles in the charitS SORP". rnake judgemenls and estimates that are asOnab 8nd prudenL stale whether applicable UK Accounting Standaids have been followed, subject Io any material departures disclosed and explained in the financial slalem6nls", ppare the financial statements on the gping concern basis unless it is inappropriatè lo pie8ume that the charitable company will continue in business. The Trustees are responsible for keeping proper accounting record3 that disclose with Teasonable a¢¢uracy at any lim8 th8 financial position ol the charitable company and enable them tts ensure thal the financial slalemènls cornply with tho Comparnies Act 20C6. They are also responsiblè lor saleguarding the assels of the charitable company and hènce lor taking reasonable steps for the preVentn and detection ol Ir8ud and other Irregularit8. The Trustees are sponSIb lor the maintenance 8nd inltsgrily of the corporate and financial information includèd on the charilabl8 company's websitè. Legislation in the U#il¢d Kingdom governing the preparalw)n and di¥sèminalion ol financial slalemenls may drffer from legislation in other jurisdictions. 'rhis report has been prepared in accordance with Ihe special provtSh)n$ Mlaling 10 Small compani8S Wlthin Part 15 01 the Companios Act 2006. APPROVAL This reFL)rt was approved by the Trtsstees and Dweclor5 on 14 October 2025 and signed on their behalf. Micliael Spiiri (Oct 22, 2025 08-.37..18 GMT*i) Mlchael Spurr Chair of Ihe Board ol Trustees and Dweclors
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BUTLER TRUST I report to the charity trustees on my examination ol the accoun18 of the charity for thè y8ai ènded 31 March 2025 which are set out on pages 10 to 19. This report is made solely to thè chariV5 ITuslees. as a b¢)ty, in accordan with the Charities Act 2011. My work has been undertaken so that I might state to the charE1S trustees ihose matters l arn required to slate lo them in an independent examiner's ceport and loi no other purpose. To the lullest extent peimitled by w, I do rsot accept or assume responsibility to anyone other than Ihe charity and the chaiily's trustee$ as a b(Kly. for my Independent Examination. lor this report. or for the opink)ns I have formed. Respectlve r•sponslbllltlos and basls of reFY)rt As the charity's trustees of tha Company (who are also the direclors of the cornpany lor the purposes of company lawl, you are responsible lor thB preparatioTh ol the 9C)unIS in aCcOrdar vthh lh8 requirements ol the Companies Act 2006 c'the 20(£ Acl'l. Havbrng sati81 rnyself Ihal the accounls of the Company are not quired lo be audited for Ihis year under Part 16 of the 2006 Act and arè èligible for Independenl examination, l in resp8cl ol rny examination ol your chafEIy's unls as carried oul under section 145 of the Charities Act 2011 fihe 2011 Act"). In carrying 01 my examination, I havè followed Ihg Directions given by the Chanly Commission {und•f see1 145lSllbl of the 2011 Act. Indopendon¢ exarnlnerfs 8tat•ment I h8ve completed my examinatn. I confimi that no matèrial mallets h¥vo Come to my allention whh giv88 me c3u3e lo believe that.. counting iècords were not kept in CordanCe with 58clw 386 01 the Companies Ad 2006., or Ihe awounls do nol accord wilh 3vch records.. or Ihè 8¢counls do not ¢omply with relevant accounting reqU1MentS undttr sectlon 396 01 the Companiès Acl 2006 other than any requiiemenl thal the accounts givè a 'lrue arKI fairf wew which is not a matter consldèrad as part of an independenl examination.. or the accounts have not been prepared in accordancè vAth th& Charities SORP IFRS1021. I have no concerns and have com8 across no oth•r mallws in connection with the examlnalitsn lo which alleTrlion should be drawn in this report in order to enab 3 propèr understanding of Ihe acrLJunts to be leachéd. SAMIR SHAH FCA RAMON LEE LTD CHARTERED ACCOUNTANT 93 TABERNACLE STREET LONDON EC2A 48A OCTOBER 2025
THE BUTLER TRUST sTATEmETr OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 UnrestrfctEd Designated funds Funds Restricted Total funds funds Total funds 2026 2024 Notes Incorne Donations Income Ir¢)m eharitable adMfy"es. Investment inrL)me 3,133 218.(W)O 1.457 3,133 228.LIK) 1,457 2,835 223,000 1,500 io,( Totèl Income 221590 10,000 232,S90 227,335 Expenditure Expenditure on charrtaN• acl'wl 244.343 10,000 254,343 2S9,041 Total •xpondllur8 244.343 io,Doo 254.343 259.041 Net galnlllossl on Inv8stmgnts Nel 1ncomg119xpendltul 11 13,614 18,1391 13,614 18,1391 5,222 126,4841 Tr8ngler$ beeen fvnd Nel movgmenl In funds 50,161 42,021 150,1611 150.1611 18,1391 126,4841 Reconclllatlon of lund5 Total funds. brought forward 250mO 50.161 300,161 326,645 Tol81 lunds Carrled lo4rd 292.022 292.022 300,161 The Stalemenl ol Financial Ac1wilS a0 complie$ with the requiremenls for an incom6 and èxpenditure account under the Companies Act 2006. CONTINUING OPERATIONS None of the company's activities were acquirèd or discontinued during the above iwo financial pèri()ds. TOTAL RECOGNISED GAINS AND LOSSES The company has no recognised ga*)s or losses olh8r Ihan Ihe 8bove movement in funds for the abovè financial years. The notes on p89e5 12 to 19 forrn part of Ihese ac£ounls io
THE BLrrLER TRUST BALANCE SHEET AS AT 31 MARCH 2025 202S 2024 Nots5 Flxed assets Tangible assets Investments io 649 11 140.292 126,678 14D,941 126,678 Curront assèts Debtors Cash al bank & in hand 12 73,538 105.368 38,352 155,136 178.9¢ 193,488 Creditors falling due within one year t3 {27,8251 120,0051 Net current assets 151,081 173.483 Not as5etS 292,022 300,161 Tho fund8 of the eharity Unrestrlcted fund9 enoral Funds -Deslgnalod Funds Rg8lrlcted funds 15 292,022 250,000 50,161 15 Total ¢hartty fundb 292,022 300.161 For the financi81 yèar endéd 31 March 2025 the coryany was enlilled to exemptKJn from aLtdil under sectlon 477 Compan3 Act 2006. No mèmber of the rompany hos deposrted a note, pursuant 10 section 476. requiring an audit ol these financial slalèmenls und8r thè rèquiramènls ol thè Companiès Act 2006. The Directors acknowlèdgad thèif rèsponslbllitiès fof ensuM9 that the company keeps accounling records which comply wilh Sect 386 01 the Act and for preparirwJ financial sl8temènls whh give a true and lair view ol the slate ol affairs of the company as al the end ol Ihe financial per and of ils proftl or k)s3 lor tho financial period in accordance wilh the requiremenls of Section 394 and 395 and which otherwise compty with the requir8rr8Th1s of Ihe Companie5 Act 2006 relating to accournt5, so far as 15 applrrable lo th¢ corTyany. These financhgl statements have been prepa in acctsrdaneè vrith thè provIsn$ applicable to companies subject lo the small compan, vogime within Part 15 01 the Companrs AGI 2006. These account5 were approved by the Board ol Trustees on 14 Oclober 2025 and were sned on ils behaK by.. vrt lchael se.rrI0(t12,2O2S 06.-37..18GMT+l)... Michael Spurr ICHAIR) Rob411 Wilkiiisnn Iocl ?? ?O?SOG...59'.Jf? GMTll Robin Wilkinson OBE (TREASURER} Company Registration No: 07844810 The notes on pages 12 to 19 fomi part ol these accounts 11
THE BUTLER TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES 1.1 Basls of preparatlon The linancial slalem8Thts have been prepared in accordance with Accounting and Reporting by Charilios. Slalemenl ol Recarnrrended aPpIable lo chalities preparing their accounts in accordance with Ihe Financial Reporting Standard appIab in the UK and Republic ol IreLind IFRS 1021 leffecllve 1 January 2019}- Charity SORP IFRS 1021, The Financial Reporting Slandard applicable in the UK and Republic of Ireland IFRS 1021 arsd the Companies Act 2006. The Buller Trust meets the definition of a publ benefit entity under FRS 102. The accour¢ls Ilinancial slalemeThlsl have been Prepa under the hi8lorKal cost convention with ilems T8cognis8d 81 cost or tran58clioTh value Un$5 oth8rwis8 stated in Ihg rgbvanl nolelsl io Ihese accovnl5. The linarscial sialemenls are prepared in steding. whh is the lunctKJnal currency of the charrty. 1.2 Preparatlon of accounts on a going concern basis Thc Charity's Financial Slatemersls show net delicrt of £8,139 for the year and fico reserves or £292,022. The Trustees are of the vW that these resutts have secured the immediate future of the Charity lor the next 12 months and on this ba81S the Charity is a gong concern. 1.3 Income recognltlon Income Ss recognised when the Charity has entitlemenl to Ihe funds, any performance conditions allached lo the ilemlsl ol income have been rnet, il is probable that the income will be reNed and amount can be measured reliab. la} Income received by way ol granls, donations and legacies are included in full in the Slalemenl ol Financial Aclivityds when received, unless they relale lo a specified luture period. in which case they are deferred. Ibl Income from charitable actNities receNed by way of revenue grants and donalions are credited to reslricled incoming resources OTr the earfier dale ol when they ale recoived or when they are receNable, unless they relate lo a specified future period, in wh¢ch case they are deferred. Icl Grants and donatn$ of gÈnÈral nature whh are not coThdilional on delivering certain levels ol SerVe are included as part of Grants and DonalKJnS as shown Under Thote 2. Perlomiance rebled grants and donalions which havè conditions lor a Specif ouletsme aré indudè 8$ Incomè from Chaiilablè Aclivitlè$ as shown in Note 3 Idl Inve51menl incompls induded when receiv3bt. 1.4 Volunteers and donated services and facilities Donated prole55iono18orvices and donated 18cilitie5 arc recognised as income when the charity ha5 conlrgl Dver the ilern. any conditions assoch8ted with th8 donated ilem have bèen rnel. Ihe récèipl Of econgmi¢ ben81il Irtsm the use by the chartty of the Item is probablo and that econom benefit be measured reliably. Irb accordance with Ihe Charitie5 SORP IFRS 1021, the gener81 volunteer of the Ch8rity is not recognised in the main body of the financial accounts bul detail is conlained in the Trustees. Report. On ieceipt, donaled professional services and donaled facilities are recogni5ed on the basis tsf the value ol the girt to the charity which is the amunl the charity woukl have been wlling lo pay to obiain Ser¥eS or facilities of 8quival6nt economic benefit on Ihe open marfKel'. a correstK)nding amounl is then recognised in expenditure in the perK)d ot ieceipl. No such servirs We ieceNed during the year. 12
THE BUTLER TRUST NOTES TO THE ACCOUNTS (Conud) FOR THE YEAR ENDED 31 MARCH 2025 1.5 Expenditure recognition and irrecoverable VAT Experndituie is recognised once there is a legal or construclNe obligation to make a payment to a Ihird party, it13 probab18 that sèttlement will be required and Ihe anTh)unl ol the ob19atn rneasured r8118bty. ExpendiluTe i4 ¢latssified under Ihe foll()wng aclwity headings.. 18) Expenditure charitable comprise5 those costs iTrcuired by the chanty in thè delivery of ils aclivlliès and Serve$ lor it5 beneficiar5. 11 includes both costs that can be allocated directty to such aclivrties and those costs of an indirect nature necessary to support them. Ibl Irrecov8rable VAT ks charged as a cost against the aclivity lor Wh Ihe expendilure was incurred. 1.6 Allocatlon of support costs Support costs are those functions that assk%t the work ol th8 ch8rily but do not dtieclly undertake charitable aclivities. Support costs includo back office costs, management. finance and 8dm1nss1raln personnel, payroll and governance costs whh support Ihe Trust's programm8s and aolwities. These costs have been allocated lo expenditure on charitabb aclivilies. 1.7 Funds structur• The general fund comprises those MOnS. whKh may be u$¢d toward m•eling tho ¢haril8blè objectives of the company al the discretion ol the Trustees. The dèsignated funds are nS s•t asid8 out of g&neral funds and deSnated for Specif purposes by the Management Board. The restricted lunds are monles raised for. and Ihew us& reslriclèd lo, 8 spocrfk purpose or donatn8 subject lo donor imposed corndilions. 1.8 Cash flow statement The charitable company qualifies as a small cc¥))pany and advantagè has beèn taken of the exemption provided by SORP IFRS 1021 as amended by BU1'n I, not lo prepar• a cash s18lwnenl. 1.9 Tanglble Flxed Assets And Depreclallon Tangible fixed assets are slated at cosl s$ depreciation. Indivklual filed a$Jets ¢o$ling £500 or more are capilalised al cost. Depreciation 18 provided al rates cakulaled to vrrite off the cost Of valuallon ol flx¥d assets, less their eslimaled residual value, ovei their exteded usefvl lryes on the fol%)wing bases. OffK* equiprnenl 20% straight line on cost 1.10 Debtors Trade and other deblois are recognised at the settMeI amunl due artèl any trade dtscour¢l offered. Pr&payMenls are valued al the amount prepaid Thet ol any Irade discounts due. 1.11 Cash at bank and Sn hand Cash at bank and in hand includ8s cash and short levm cash deposts. 13
THE BUTLER TRUST NOTES TO THE ACCOUNTS IConUd} FOR THE YEAR ENDED 31 MARCH 2025 1.12 Creditors and provlslons Creditors and provisions are recognised where Ihe charty has a present obligation resulting from a pasl evenl that will probably resutt in the transfer DI fund5 to a third party and Ihe amount due to settle the obligalN)n can be measurecs or eslimaled religbty. Creditors and provisions are normalty recognN%ed al Iheil seltlemenl amount after allowing for any trade discounts due. 1.13 Flnanclal Instruments Th8 Trust only has financial assets and financial liabilities ol a kind that qualify a5 basic financial instruments. Basi¢ linanryal instrumenls are inrtialty recognised at transaction value and subsèquèntly mas¥red 31 their selllemenl value with the exception ol bank loans whKh are subsequentty measured al amortised cost using the effective interest method. 1.14 Judgement and key source5 of estimation uncertalnty In the app1¢caln ol the company's accounling policies. the charity is required lo make judgrneTrls, e51imales and assurnplions about the carrying amount of assets and lsabrlils that arè nol rè8dify apparent from other sources. The eslimales and a8SOCkiled assumplDns are based on hiStOral experience and other factors that 8re considered lo be relevant. Actual results may d¢ffer Irom these estimates. The eslimales and underfying assumptions are on an ongoing basis. Revisn5 lo accounting eslimales are Tecognised in the per)d in whh the estimale is revised ere the revision allècls on5y that pèriod, or In Ihg period of the revtsh)n and lulurc perioils where th6 revision aflvGls tx)Ih current and future periods. 1.16 Oporatlng le¥4se8 All leases are opeialing ase8, and rentals are charged to th8 Stalemenl of Fin?n¢ial A¢livilies oft 8 slravJhl-line basis over the lease duralkjn. No a&tS are held under hire purchasè agreèments. DONATIONS Unrestdcled Funds Restrlctsd Funds 2025 2024 General wvaie donations 3,133 3,133 2,835 3,133 3,133 2,835 The donalnS in 2024, totalling £2.835 were aitributod lo unraslrKt8d fvn(Js. INCOME FROM CHARITABLE ACTIVITIES Unrestricled Funds Restrlcted Funds 2025 2024 Charitabk found8lK)ns CorkK>rate. slakntory and other d¢JTh)rs 12.( 2l.(M]0 10.fljo 22,(M 206,tK)o 22,000 201,000 218,000 10,000 228,000 223,000 Income in 2024 tolalling £223,000 vrds attr)uied to £213.000 lo ur)restricled IndS and £10,000 Its restricted fund3. 14
THE BUTLER TRUST NOTES TO THE ACCOUNTS (ConUd} FOR THE YEAR ENDED 31 MARCH 2025 INVESTMENT INCOME Unrestricted Funds Restrlcted Funds 2025 2024 Bank interest 1.457 1,457 1500 1.457 1.457 1,500 All tha inveslmènl incom8 lolalllng £1,5 in 2024 were aitributed to UnStricted funds. CHARITABLE ACTIVITIES 202$ 2024 Staff salaries and costs Annual awards Alumni programm6 IT Inlra$lwclu(e Pract0 Programme HlddenHeroes Progiamme 138,354 51,831 24,790 2,SOO 1,188 140,7S1 50,838 14,582 7,219 6,147 Premlses Book-keeping, accountancy and pa011 In$uranc8 Other ollKtr eosls OopreclalK)n Governance188è Nolo 61 10,907 9,568 1,330 11,193 162 2,520 254,343 Z3,635 6,960 1,346 4,258 324 2,981 259,041 01 the £254,343 éxpèndilure in 202512024- £259.0411. £244.343 was charged lo unrestrictèd funds- 12024 - £249,041} and £10,OIX) lo reslricled lunds12024- £10.000). GOVERNANCE 2025 2024 Trustees, meelirvj costs IndentIent examThlK)n 461 2,520 2.520 2.520 2,9BI NET INCOME I IEXPENDITUREI FOR THE YEAR This is staled after charying: 2025 2024 Depreck?lion ol tangle fLYad assets Opeialing ase$- rent Ind•ent eXamat)n 162 70,907 2,520 324 23.5 2.520 15
THE BUTLER TRUST NOTES TO THE ACCOUNTS (Contldl FOR THE YEAR ENDED 31 MARCH 2025 ANALYSIS OF STAFF COSTS AND TRUSTEES REAIUNERATION AND EXPENSES 2025 2024 Wages saL8nes Sorial security costs Pens Gontributi(ms 120,803 8,207 9,344 122,269 8,7 9,782 138,354 140,761 One employee reNed remuneration ITh exces5 01 £80.000 during th8 year lone employee in excess 01 £70.000 in 2023r241. Pension costs a wholty charged lo unreslrKled funds. The cha¥ily Trustees wera not paid Of received any olhef benefits from empksymenl with the Trust in the year 12024 £nill. No charity Trusle6s recèNed paymènt for professional or other seryices supplied lo the charity 12024 - £llill. The average nv)nlhly number ol fvlklim¢ $lall trryloyed by the charity including part limè and tèmporary $18ff ernpk)yed during the period was.. 2026 2024 Dlrect tharilatle work The koy managem8nl personn81 ol the charty ¢ompri$e 01 Ihtr Exe¢ulivè Director. The total empbyee benelrts of the manag8mont p8rsonn*l of the ¢h•iity weTr £97,59212024- £92,854}. TAXATION The Butler Trust is a registered charity and therefor¥ 1$ not liable lo Income Tax of Corporation Tax ori income derNed from its charitable aclNrfies as il falls wthin schédu 3 of the Charities Act 2011. 10. TANGIBLE FIXED ASSETS Olflco Equlpmont Cost or valuatlon At 1st Iwril 2024 4,873 Additions 811 D15posals 12,8391 At 31st IA2rch 202$ 2.845 Dèprecbatlon At 1st April 224 4,873 Charge lor year Oispxjsals 162 12,6391 At 31st March 2025 2.195 Net Book Value Al 31st Maith 2(r25 649 At 31st Momh 2024 16
THE BUTLER TRUST NOTES TO THE ACCOUNTS (Convd) FOR THE YEAR ENDED 31 MARCH 2025 11. INVESTMEKrs 2025 2024 ma&t value Balanc8, braughl fomard 126.678 121,456 Gainlllossl on vaknalion al year end 13.614 5,222 140,292 126,678 Hl3lorK cost lon'9in81 inveslmenls value) 412.202 unrts- M & G Equrties InVeSt Fj for Charthos 75.IKLI 750 140 292 126,678 12. DEBTORS 2026 2024 Grant$ #nd sponwtshlp ro¢¢ivab Other debtors 72,750 788 33.750 4,382 220 Prepayments 73,S38 38.352 13. CREDITORS.. Amounts falllng due withln on• year 2025 2024 Créditor$ Tox and soa81 security Other $¢¢ru818 22,C60 3,245 2,520 11,655 3.e14 4,536 27.82S 20,QOS 14. SHARE CAPITAL The company is limited by guarantee and does not have a Sha capital dNKle<l by sharès. 17
THE BUTLER TRUST NOTES TO THE ACCOUNTS (Conud) FOR THE YEAR ENDED 31 MARCH 2025 15. ANALYSIS OF CHARITABLE FUNDS Analysls ol movements in unreslricted lunds Balance at Balance at 31.03.25 01.04.24 Income Expendlthre Galn51lloss8sl Transfers General lurvjs D65ignat8d fu15 Tolal fUrS 222,59J 1244.3431 13.614 .161 150,1611 292,Q22 50,181 300.161 222,59 1244.343 13.614 292.022 Anatysis of movements In restrfcted lund5 Balance at Balanc• at 01.04.24 In¢om• Expgndlfvrg Galnsll105s9s1 Transl&rs 31.03.26 Bromlay Trust Totsl frJTrY$ 10,LKK) (lo.() IiO.OODI 10,000 Analysls ol movemenis In unrestrkt•d lunds- prèvlous yoar Balanco at 01.04.23 Incomv Expondltuwe 1$1¢10$$) Tr•Th$fers 31.03.24 Gènèral lund$ Deslgnated funds Total luTra$ 250,C 76,645 217,335 1249,0411 5.222 250,WO 50,161 12£,4841 326,64S 217.335 249,0411 6.222 200,161 Analysly ol movem&nts In r•strlctsd fund5. provlow year B¥lan¢e at 01.04.23 Balance #t 31.03.24 IneoTh EXpendIts Galnslllosse$l Transl•rs Broml8y Yrusl Total funds 10.C 110,OCQI 110.000 10,000 The specific purposes for whh the funds are lo be applied are as folk)ws-. A restrlctod grant towards sponsorship of the Kerth Brrfey Award lor Education and Skills Training and PTonKJting good practice in educalKJn and skills itaining. General funds are the Yree reseNès' after allowing lor all deS?ted funds. Dèslgnated funds In prior yea¥5. the TFUSt8es designated funds abe the agreed free reserves threshold of £250,000 lo a Devek>pmont Fund. Th¢s Fur*d was intendecl lts support aclivrtlès furthering the T¥ust's charitable objecb"v85 which were not expected to be financed from in-yeaf 11)coJrie. During the year 2025, the TnJ5tEes reved the reserves poIY and corKluded that no desvjnated funds are require¢J going forward. Accordingfy, the baL4nGe of Ihe Oeveknpment Fund has be8n lian3ferred bad( to nreslricled geneial funds. 18
THE 8LrrLER TRUST NOTES TO THE ACCOUNTS (Conud) FOR THE YEAR ENDED 31 MARCH 2025 16. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestrfcted D8siynat8d Fund5 Funds Restricted Fund5 2025 Total 2024 Total Tangibk fL%&J assets Investments Netcuirenl a$sets 649 140,292 151.081 140,292 151,081 126,678 173,483 292.022 292,022 300,161 Anatys15 01 n?t assgts betrjeen lunds. prevlow year UDrgstrlctfrd 08s1gnated Fund8 Fund$ Restrktèd Funds 2024 Total 2023 Total Tangib fixed assets Invèslmenls Nel current assets 324 121,45S 126,220 126.678 123,322 126,678 173,483 ,161 250,000 $0,161 300,161 2SO,000 17. CONTROL Foi the who18 01 the year. the charty was under the control of the Dicaclors and Trustees as shown on page 7. The Truslee8 consider that the is no one overall conlfoling party. 18. RELATED PARTY TRANSACTIONS During th& year, the Charrty paid no travel and subsistence expense to any TNslè&12024- Ni. No remuneration was paid to any Trustee during the y&ar12024 - Nill. One ol our Trustees, Beverley Thompson-Bmwn, is employed by one of ihe organisatK)ns Isercol who givè us 8 granl1£15.0001 each year. 19. OPERATING LEASE COMMITMENTS The charity has operaling ase commitments relaling to its olfti premises ov81 thè lorthoom1n9 12 months below, analysed according to the expiry dale ol the lease. 2025 2024 Total annual lea¥e commitmonts Up to op.e year 8etween iwo and INe years 10,848 800 11,648 800 19