Charity number: 1155925 THE BROUGHTON FAMILY CHARITABLE TRUST UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE BROUGHTON FAMILY CHARITABLE TRUST CONTENTS Page Reference and administrative details of the charity, its Trustees and advisers Trustees, report Independent examinerfs report Statement of financial activities Balance sheet Notes to the financial statements 7-16 The following pages do not fomi part of the statutory financial statements: Charity Detailed income and expenditure account and summaries
THE BROUGHTON FAMILY CHARITABLE TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 Trustees Lady Jocelyn Broughton, Secretsry Sir Martin Faulkner Broughton. Chair Mr Michael Charles Broughton, Trustee Charity registered number 1155925 Principal office Rosemary House Woodhurst Park Oxted Surrey RH8 9HA Accountants Calder & Co 30 Orange Street London WC2H 7HF Page 1
THE BROUGHTON FAMILY CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their annual report together with the financial statements of the The Broughton Family Charitable Trust for the period 1 April 2024 to 31 March 2025. Objectives and activities a. Policies and objectives In setting objectives and planning for activities. the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit. The truslees are satisfied that there are identifiable benefits and that these are made available to the public. Achievements and perforniance a. INVESTMENT POLICY AND PERFORMANCE The primary role of the investment portfolio is to grow the real value of the portfolio as much as possible. The charity's investment policy restricts the type of investments held within the portfolio to no more than 150/0 in any single line of stock, and in addition. no property investments are permitted. There is no minimum yield requirement and the risk category is set at medium to high. Financial review . Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. b. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES The truslees of The Broughton Family Charitable Trust undertake an annual review of the major risks to which the Charitvs assets may be exposed in accordan with the requirements of Ihe Statement of Recommended Practice 2005. Intemal accounting records are sufficient to show and explain all the Charitls transactions. Structure, governance and management a. CONSTITUTION The principal objeclive of the charity is to carry out activities for the benefit of the public by.. 1 } supporting other charities by means of donations- 2} such charitable activities for the public benefit as are exclusively charitable according to the laws of England & Wales as the Trustees may determine from time to time,. and to provide donations and grants to individuals ar)d other charities. Page 2
THE BROUGHTON FAMILY CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 structure, governance and management (continued) b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed. c. ORGANISATIONAL STRUCTURE AND DECISION MAKING The charity's activities are conducted by its Trustees. Plans for future periods a. FUTURE DEVELOPMENTS The charity intends to further support other charities in their charitable purposes for the public benefit. Although some of the capital is likely to be distributed for charitable purposes, the primary objective is to distribute proceeds and income generated from donated investments. Statement of Trustees. responsibilities The Trustees are responsible for preparing the Trustees. 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 its incoming resources and application of resources, including its income and expenditure, 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 of the Charities SORP {FRS 102)., make judgments and accounting estimates that are reasonable and prudent; state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements- prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitys transactions and 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 Charilies 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. Approved by order of the members of the board of Trustees on 10 November 2025 and signed on their behalf by: Sir Martin Faulkner Broughton (Chair of Truslees) Page 3
THE BROUGHTON FAMILY CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 Independent examinerfs report to the Trustees of The Broughton Family Charitable Trust ('the charity.) I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 March 2025. Responsibilities and basis of report As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act.). I report in respect of my examination of the charitys accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under seclion 145(5)(b) of the 2011 Act. Independent examinerfs statement Your attention is drawn to the fact that the charity has prepared the accounts in accordan with Accounting and Reporting by Charities.. Statement of Recommended practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2005 which is refeed to in the extant regulations but has been withdrawn. l understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act,. or the accounts do not accord with those records; or the accounts do not comply with the applicable requirements conMIng the form and content of accounts set out in the Charities (Accounts and Reports) Regulalions 2008 olher than any requirement thal the accounts give a 'true and fairf view which is not a matter considered as parl of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Dated: 11 November 2025 Vaishali Moryaria ACA Calder & Co Chartered Accountants and Statutory Auditors 30 Orange Street London WC2H 7HF Page 4
THE BROUGHTON FAMILY CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted funds 2025 Total funds 2025 Total funds 2024 Note Income from: Donations and legacies Investments 105,884 6,806 105,884 6,806 233,620 4,590 Total income 112,690 112,690 238,210 Expenditure on: Charitable activities 85,535 85,535 76,860 Total expenditure 85,535 85,535 T6,860 Net income before net gains on investments Net gains on investments 27,155 16,141 27,155 16,141 161,350 14,486 Net movement in funds 43,296 43,296 l T5,836 Reconciliation of funds: Total funds brought foNard Net movement in funds 330,309 43,296 330,309 43,296 154,473 175,836 Total funds carried forward 373,605 373,605 330,309 The Statement of financial activities indudes all gains and losses recognised in the year. The notes on pages 7 to 16 form part of these financial statements. Page 5
THE BROUGHTON FAMILY CHARITABLE TRUST BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Note Fixed assets Investments 347,309 300, 127 347,309 300, 127 Current assets Debtors 30,000 Cash at bank and in hand 31,442 30,000 31,442 Current liabilities Creditors: amounts falling due within one year 10 (3,705) (1,260) Net current assets 26,295 30,182 Total assets less current liabilities 373,604 330,309 Net assets excluding pension asset 373,604 330,309 Total net assets 373,604 330,309 Charity funds Restricted funds Unrestricted funds 373,604 330,309 Total funds 373,604 330,309 The financial statements were approved and authorised for issue by the Trustees on 10 November 2025 and signed on their behalf by= Sir Martin Faulkner Broughton (Chair of Trustees) The notes on pages 7 to 16 form part of these financial statements. Page 6
THE BROUGHTON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies 1.1 Basis of preparation of financial statements The financial statements have been prepared to give a 'true and fairf view and have departed from the Charities (Accounts and Reports) Regulations 2008 only lo the extent required to provide a 'true and fair, view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities.. Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 102) and Charities Act 2011. The Broughton Family Charitable Trust constitutes a public benefit entity as defined by FRS 102. 1.2 Income All income is recognised On the charity has entitlement to the income, it is probable that the income will be received and Ihe amount of income receivable can be measured reliably. For legacies, entitlement is taken as the eadier of the dale on which either.. the charity is aware that probate has been granted. Ihe estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is reiVed from the estate. Receipt of a legacy. in whole or in part. is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material. Donated serwces or facilities are recognised when the charity has conlrol over the item, any conditions associaled with the donated item have been met, Ihe receipt of economic benefit from the use of the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not recognised and refer to the Trustees, report for more information about the conlribution. On receipt. donated professional ServIS and facilities are recognised on the basis of the value of the gift to the charity which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market,. a corresponding amount is then recognised in expenditure in the period of reipl. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. Page 7
THE BROUGHTON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies {continued) 1.3 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in setllement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central stsff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Govemance costs are those inCued in connection with administration of the charity and compliance with constitutional and stalutory requirements. Charitable activities and Governan costs are costs incurred on the charitys operations, including support costs and costs relating to the g0Veman of the charity apportioned to charitable activities. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional. such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commilment, bul not accrued as expenditure. All expenditure is inclusive of IeCoVerable VAT. 1.4 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity- this is nomially upon notification of the interest paid or payable by the bank. 1.5 Investments Fixed assel inveslments are a form of financial instrument and are initially recognised at their transaction cosl and subsequently measured at fair value at the Balance sheel date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as 'GainsllLosses) on investments, in the Statement of financial aclivities. 1.6 Debtors Trade and other debtors are recognised al the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid nel of any trade discounts due. 1.7 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Page 8
THE BROUGHTON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies {continued) 1.8 Liabilities and provisions Liabilities are recognised when there is an obligalion at the Balan sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced panentS for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material. the provision is based on the present value of those amounts. discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges. 1.9 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Income from donations and legacies Unrestricted funds 2025 Total funds 2025 Total funds 2024 Donations 105,884 105,884 233.620 Investment Income Unrestricted funds 2025 Total funds 2025 Total funds 2024 Dividends 6,792 14 6,792 14 4,198 392 Bank Interest 6,806 6,806 4,590 Total 2024 4, 590 4,590 Page 9
THE BROUGHTON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analysis of expenditure on charitable activities Summary by fund type Unrestricted funds 2025 Total 2025 Total 2024 General Fund 85,535 85,535 76,860 Total 2024 76,860 76,860 Page 10
THE BROUGHTON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Donations made During the period, the charity made the following donations: 2025 Able Kidz BCA 500 250 The Move Partnership Blossoms 500 250 Child Autism 500 British Liver Trust 1,000 500 1,000 500 Care for Veterans Clockwork NACOA The Old Vic 18,000 500 500 Conquest Art otakar Kraus Music Trust Echo Get Set Girls Heros In Common Scampps in Surrey Childrens Air Ambulan 500 500 1,000 250 1.000 500 In Touch Demand 500 500 Strongbones Childrens Trust Physio Net Joseph's Smile Clowns in the Sky Jack Kavanagh British Blind Sport Joss Search Light Ditch the Label 500 1.000 500 1.000 7.500 1.000 500 1.000 500 1.000 500 500 Sportability Second Chan Dogs Trust Climbing Out Kids n, Action Support Line Liquid Listening Sixty One On Course 500 500 500 500 1,000 Page 11
THE BROUGHTON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Read for Good Brain & Spine Listening Books Live Unlimited 1.000 500 500 250 Living Machines Ltd Clothing Solutions London Wheelchair Rugby Club Walking with the Wounded Loughborough Junction Action Group Parallel Youth Enterprise LWRC 10,275 1,000 1,000 1.000 500 3.000 1.000 1.000 6,000 500 Hot Line Meals servi National Theatre Off the Fence Douglas Bader Braves NARA 500 500 Young & Free Remus Memorial Horse Sanctuary Sand Dams City of Westminster Sandcastle Trust The Childhood Trust Zane 500 1.000 1,000 500 500 1.000 1.000 500 Youth on the Move Other 2.500 84,275 Analysis of expenditure by activities Activities undertaken directly 2025 Total funds 2025 Total funds 2024 Direct and governan costs 85,535 85,535 76,860 Total 2024 76,860 76,860 Page 12
THE BROUGHTON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analysis of expenditure by activities {continued} Analysis of direct costs Total funds 2025 Total funds 2024 Donations 2025 Donations Investment management fee Govemance costs 84,275 84,275 75,306 294 1.260 1,260 1,260 85,535 85,535 76,860 Total 2024 76,860 76,860 Trustees. remuneration and expenses During the year. no Trustees received any remuneration or other benefits (2024 - £NIL). During the year ended 31 March 2025. no Trustee expenses have been incurred (2024 - £NIL). Fixed asset investments Listed investments Cost or valuation At 1 April 2024 Additions Disposals Revaluations 300,127 168.091 {132,005) 11.096 At 31 March 2025 347,309 Net book value At 31 March 2025 347.309 At 31 March 2024 300, 127 Page 13
THE BROUGHTON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Debtors 2025 2024 Due within one year Other debtors 30,000 30,000 10. Creditors: Amounts falling due within one year 2025 2024 Bank overdrafts 2,445 1,260 Accruals and deferred income 1,260 3,705 1,260 11. Statement of funds Statement of funds - current year Balance at 31 March 2025 Balance at 1 April 2024 Gainsl (Losses) Income Expenditure Unrestricted funds General Funds- all funds 330,309 112,689 {85,535) 16,141 373,604 statement of funds - prior year Balance at 31 March 2024 Balance at 1 Apn"12023 Gains/ (Losses) Income Expenditure Unrestricted funds General Funds- all funds 154,473 238,210 (76, 860) 14,486 330,309 Page 14
THE BROUGHTON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 12. Summary of funds Summary of funds - current year Balance at 31 March 2025 Balance at 1 April 2024 Gainsl (Losses) Income Expenditure General funds 330,309 112,689 (85,535) 16,141 373,604 Summary of funds - prior year Balance at 31 March 2024 Balance at 7 Apn'l 2023 Gain (Losses) Income Expenditure General funds 154,473 238,210 (76, 860) 14,486 330,309 13. Analysis of net assets between funds Analysis of net assets between funds - current year Unrestricted funds 2025 Total funds 2025 Fixed asset investments Current assets 347,309 30,000 {3,705) 347.309 30,000 {3,705) Creditors due within one year Total 373,604 373,604 Page 15
THE BROUGHTON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 13. Analysis of net assets between funds (continued) Analysis of net assets between funds - prior year Unrestricted funds 2024 Total funds 2024 Fixed asset investments 300, 127 31,442 (1,260) 300, 127 31,442 (1,260) Current assets Creditors due within one year Total 330,309 330,309 Page 16
THE BROUGHTON FAMILY CHARITABLE TRUST INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 2025 2025 2024 2024 Charity Income Dividends Bank interest 6,791 14 4,198 392 Donations 105,884 233,620 112,689 238,210 Gainsl(Losses) on investments Realised gainsl(losses} Unrealised gainsl(losses) 5,045 11,096 (4,286) 18,772 16,141 14,486 Gross income in the reporting period 128,830 252,696 Less: Charity Expenditure Management fee Donations Accountancy 294 75,306 1,260 84,275 1,260 85,535 76,860 Total expenditure Net income before taxation for the reporting period Tax payable 85.535 76,860 43,295 175,836 Net income for the reporting period 43.295 175,836 Surplus for the reporting period Surplusl(Deficit) brought forward at 1 April 2023 43,295 330,309 175,836 154,473 Surplus carried forward at 31 March 2025 373,604 330,309 Page 17