## **THE ALAN BRENTNALL CHARITABLE TRUST** **REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** **Charity no: 1153950** **THE ALAN BRENTNALL CHARITABLE TRUST FOR THE YEAR ENDED 31 MARCH 2024** ## **CONTENTS** Pages - 1 Legal and administrative information - 2-3 Report of the trustees - 4-6 Report of the auditors - 7 Statement of financial activities - 8 Balance sheet - 9-11 Notes forming part of the financial statements **THE ALAN BRENTNALL CHARITABLE TRUST FOR THE YEAR ENDED 31 MARCH 2024** ## **LEGAL AND ADMINISTRATIVE INFORMATION** ## **Constitution** The Alan Brentnall Charitable Trust is a registered charity governed by its Charity Constitution. Charity number 1153950 (registered 25 September 2013). ## **Trustees** The trustees serving during the period and since the year end were as follows: R F Lander J Dawson J W H Dawson ## **Principal office** Cathkin Nelson Road Forres Moray IV36 1DR ## **Auditors** Mercer & Hole LLP Chartered Accountants 420 Silbury Boulevard Central Milton Keynes MK9 2AF ## **Bankers** NatWest Bank Milton Keynes (A) Branch 501 Silbury Boulevard Saxon Gate East Milton Keynes MK9 3ER Page 1 **THE ALAN BRENTNALL CHARITABLE TRUST FOR THE YEAR ENDED 31 MARCH 2024** ## **REPORT OF THE TRUSTEES** The Trustees present their report together with the financial statements of the charity for the year ended 31 March 2024 Legal and administrative information set out on page 1 forms part of this report. The financial statements comply with the Charities Act 2011, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), ## **Structure, Governance and Management** The charity is constituted under a trust deed dated 1 September 2013. New Trustees are recommended by existing Trustees. Induction training is provided for all new Trustees, where appropriate, and all Trustees are encouraged to attend courses and conferences that would benefit them as Trustees. The Trustees have full investment powers and authority for the charity and investment decisions have been made in accordance with the Trustees wishes during the year. The Trustees manage the day-today operations of the charity. A summary of related party transactions is set out in note 8 to the financial statements. ## **Risk Policy** The Trustees have taken steps to identify the major risks to which the charity is exposed and systems have been established to mitigate those risks. ## **Objectives and Activities** The objectives of the charity are the relief of poverty and hardship and the provision of education. The principal activity was the management of the assets of the charity to provide optimum funding to achieve the above objectives. The Trustees confirm that they have referred to the guidance contained in the Charity Commissions general guidance on public benefit when reviewing the charity’s aim, objectives and future developments. ## **Achievements and Performance** The trust assets generated investment income of £139,793 during the year and an increase in the value of quoted investments of £51,324 after accounting for recognised gains of £27,323. ## **Grant making policy** The Trustees make grants individuals and registered charities that operate in accordance with the objects of the Trust. These are made as and when considered appropriate and when funds permit. The Trust made grants of £160,000 in pursuit of its objectives. ## **Financial review** The incoming resources used for the period are set out on page 7. The decrease in funds for the year amounted to £14,929. ## **Reserves policy** The accumulated funds at 31 March 2024 were £3,783,841 all of which related to unrestricted funds. It is the policy of the Charity to maintain unrestricted funds, which are free reserves of the charity. This provides sufficient funds to fund future contributions to support trust objectives and to cover management, administration and support costs. Page 2 **THE ALAN BRENTNALL CHARITABLE TRUST FOR THE YEAR ENDED 31 MARCH 2024** ## **REPORT OF THE TRUSTEES (CONTINUED)** The Trustees’ policy is to invest the resources of the trust in bank accounts and in Quoted Investments. ## **Plans for future periods** The officers do not anticipate that there will be any fundamental change in the development of the charity’s operations during the coming year. ## **Trustees’ Responsibilities in Relation to the Financial Statements** The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP 2019 (FRS 102); - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. By order of the trustees: …………………………. Trustee R F Lander Date: 28[th] February 2025 Page 3 **THE ALAN BRENTNALL CHARITABLE TRUST FOR THE YEAR ENDED 31 MARCH 2024** ## **INDEPENDENT AUDITORS REPORT TO THE TRUSTEES** We have audited the financial statements of The Alan Brentnall Charitable Trust (the ‘charity’) for the year ended 31 March 2024 which comprise the statement of financial activities, balance sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 _The Financial Reporting Standard applicable in the UK and Republic of Ireland_ (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - give a true and fair view of the state of the charity’s affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Charities Act 2011. ## **Basis for opinion** We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ## **Conclusions relating to going concern** In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. ## **Other information** The other information comprises the information included in the trustees annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Page 4 **THE ALAN BRENTNALL CHARITABLE TRUST FOR THE YEAR ENDED 31 MARCH 2024** ## **INDEPENDENT AUDITORS REPORT TO THE TRUSTEES (CONTINUED)** ## **Matters on which we are required to report by exception** We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion: the information given in the financial statements is inconsistent in any material respect with the trustees’ report; or the charity has not kept - adequate accounting records; or the financial statements are not in agreement with the accounting records and returns; or we have not received all the information and explanations we require for our audit. ## **Responsibilities of trustees** As explained more fully in the trustees’ responsibilities statement set out on page 3, 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 internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. ## **Auditor’s responsibilities for the audit of the financial statements** We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. ## **Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud** We gained an understanding of the legal and regulatory framework applicable to the charity and the environment in which it operates and considered the risk of acts by the charity that were contrary to applicable laws and regulations, including fraud. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements and the financial report (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate entries including journals to overstate revenue or understate expenditure and management bias in accounting estimates. Page 5 **THE ALAN BRENTNALL CHARITABLE TRUST FOR THE YEAR ENDED 31 MARCH 2024** ## **INDEPENDENT AUDITORS REPORT TO THE TRUSTEES (CONTINUED)** Audit procedures performed by the engagement team included: - discussions with management, including considerations of known or suspected instances of non- compliance with laws and regulations and fraud; - gaining an understanding of management's controls designed to prevent and detect irregularities; and - identifying and testing journal entries. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities is available on the FRC's website at: https://www.frc.org.uk/auditors/audit-assurance/auditor-s-responsibilities for-the-audit. This description forms part of our audit report. ## **Use of our report** This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed. Mercer & Hole LLP, Steve Robinson, Senior Statutory Auditor Chartered Accountants 420 Silbury Boulevard Central Milton Keynes MK9 2AF ………………………………… Date _Mercer & Hole LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006._ Page 6 ## **THE ALAN BRENTNALL CHARITABLE TRUST FOR THE YEAR ENDED 31 MARCH 2024** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** |**Note**
**Income**
Incoming from other trading activities
Investment income
**2**
**Total Income**
**Expenditure**
Costs of raising funds
Investment management costs
**3**
Expenditure on charitable activities
**10**
Other expenditure
**4**
**Total Expenditure**
**Other recognised (losses)/gains:**
(Losses)/Gains on investment assets
**Net (Expenditure)/Income**

**Net Movement in Funds for the Year**
**Balances Brought Forward at 1st April 2023**
**Balances Carried Forward at 31 March 2024**
|**Unrestricted**
**2024**
**£**
139,793
139,793
17,665
160,000
4,380
182,045
-
27,323

(14,929)

(14,929)

3,798,770
3,783,841
|**Unrestricted**
**2024**
**£**
139,793
139,793
17,665
160,000
4,380
182,045
-
27,323

(14,929)

(14,929)

3,798,770
3,783,841
|**Funds**
**2023**
**£**
142,422
142,422
11,626
85,000
3,920
100,546
-
(526,296)
(484,420)
(484,420)
4,283,190
3,798,770| |---|---|---|---| |||


|| The statement of financial activities includes all gains and losses recognised in the year. All incoming resources and resources expended derive from continuing activities. The notes on pages 9 to 11 form part of these financial statements Page 7 **THE ALAN BRENTNALL CHARITABLE TRUST FOR THE YEAR ENDED 31 MARCH 2024** ## **BALANCE SHEET** |**Note**

**Fixed Assets**
**5**
Quoted Shares at Valuation
**Current Assets**
Cash at bank and in hand
**Creditors: Amounts falling due within one year**
**6**
**Net current assets**
**Total assets less current liabilities**
**Creditors**: Amounts falling due after more than
one year
**Net Assets**
**The funds of the charity:**
Unrestricted income funds
Revaluation reserve||**2024**

**£**
**£**
3,735,074
52,967
52,967
4,200
48,767
3,783,841
-
3,783,841
3,408,983
374,858
3,783,841||**2023**
**£**
**£**
3,683,750
121,896
121,896
6,876
115,020
3,798,770
-
3,798,770
3,451,235
347,535
3,798,770| |---|---|---|---|---| |||||| Approved by the Board of Trustees and signed on its behalf by ...................................................................... Trustee Date: 28[th] February 2025 R F Lander The notes on pages 9 to 11 form part of these financial statements Page 8 **THE ALAN BRENTNALL CHARITABLE TRUST FOR THE YEAR ENDED 31 MARCH 2024** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **1. Accounting Policies** The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1 02) (effective 1 January 2019) -(Charities SORP (FRS 102)), The Alan Brentnall Charitable Trust meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. The Trustees have taken advantage of the exemption in FRS102 Section 1A, Update Bulletin 1, from including a cashflow statement in the financial statements on the grounds that the organisation is small. ## **Income** ## _**Donations and legacies**_ Voluntary income from donations for unrestricted purposes is recognised in the statement of financial activities (SoFA) when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities. Income must only be recognised in the accounts of a charity when all of the following criteria are met: •Entitlement- control over the rights or other access to the economic benefit has passed to the charity. •Probable- it is more likely than not that the economic benefits associated with the transaction or gift will flow to the charity. •Measurement- the monetary value or amount of the income can be measured reliably and the costs incurred for the transaction and the costs to complete the transaction can be measured reliably. ## _**Investment income**_ Investment income is included when receivable by the charity. ## **Expenditure** Expenditure is included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT, which cannot be recovered. ## **Fixed asset investments** Listed investments are stated at market value as at the balance sheet date. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year. ## **Fund accounting** Funds held by the charity are unrestricted funds held for the furtherance of the objectives of the charity. ## **Creditors and provisions** Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Page 9 **THE ALAN BRENTNALL CHARITABLE TRUST FOR THE YEAR ENDED 31 MARCH 2024** ## **NOTES TO THE FINANCIAL STATEMENTS (Continued)** ## **Financial instruments** The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value, With the exception of listed investments. ## **Going concern** At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting In preparing the financial statements. |**2.**
**Investment income**
**2024**
**£**
Bank interest
-
Dividends
139,793
139,793
**3.**
**Investment Management Costs**
**2024**
**£**
Investment management fees
17,665
**4. Other expenditure**
**2024**
**Governance costs**
**£**
Auditor’s remuneration
2,280
Accountancy Fees
2,100

4,380

**5.**
**Fixed Assets - Investments**
**Listed**
**Investments**
**at market**
**value**
**£**
Carrying value as at 1 April 2023
3,683,750
Additions to investments at cost
1,194,659
Disposals at carrying value
(1,170,978)
Net gain on revaluation
27,323
Carrying value as at 31 March 2024
3,735,074|**2023**
**£**
-
142,422| |---|---| ||142,422| ||**2023**
**£**
11,626
**2023**
**£**
1,920
2,000| ||
3,920| ||| Page 10 **THE ALAN BRENTNALL CHARITABLE TRUST FOR THE YEAR ENDED 31 MARCH 2024** ## **NOTES TO THE FINANCIAL STATEMENTS (Continued)** ## **6. Creditors: amounts falling due within one year** |

Brokers Fees

Audit Fees

Accountancy

|**2024**
**£**
-
2,100
2,100
4,200|**2023**
**£**
2,956
1,920
2,000| |---|---|---| |||6,876| ## **7. Unrestricted funds** |**Movement in funds**
**for the period**|**At 31 March**
**2023**
**£**
3,798,770|**Incoming**
**resources**
**£**
139,793|**Outgoing**
**resources**
**£**
(182,045)|**Gains and**
**Losses**
**£**
27,323|**At 31 March**
**2024**
**£**
3,783,841| |---|---|---|---|---|---| ## **8. Related parties** R F Lander received £nil (2023: £2,000) for work done for the charity in his professional capacity as an accountant. ## **9. Staff and Trustees’ costs** Trustees’ remuneration was £nil during the financial year (2024: £nil). No re-imbursement of expenditure was paid to the trustees. There were no employees during the year. ## **10. Costs of Charitable Activities** |Grants to Individuals and institutions|**2024**
**£**
160,000|**2023**
**£**
85,000| |---|---|---| During the year to March 2024 the Trust made distributions of £5,000 to The Children’s Bowel and Bladder charity, £2,000 to Retina UK, £5,000 to DEMAND, £10,000 to Over the Well, £5,000 to New Life, £5,000 to Gift Wellness Foundation, £10,000 to The Guide Dogs for the Blind, £1,000 to Stuart James Boxing Club, £20,000 to the International Organ Festival, £5,000 to Team Edward, £10,000 to Rock UK, £10,000 to the Trussel Trust, £10,000 to St Mungo Community, £10,000 to Blind Veterans UK, £2,000 to the Odd Balls Foundation £12,000 to individuals for medical support and £21,000 to individuals for educational support. During the year to March 2023 the Trust made distributions of £10,000 to Belper Town Juniors Football Charity, £10,000 to Forest School, £10,000 to St Mungo Community, £10,000 to Make them Smile, £10,000 to The Guide Dogs for the Blind, £10,000 to Food Lifeline, £10,000 to Royal Hospital for Neuro and £15,000 to Awards for Young Musicians. Page 11