mailes Goldie CHARI&RED ACCOUNTANIS REGISTERED CHARITY NUMBER:1155974 The J F Brignall Charitable Trust CIO Unaudited Financial Statements 5th April 2025 SD-0220296-1-6 building ICAEW CHARTERED ACCOUNTANTS
The J F Brignall Charltable Trust CIO Contents of the Flnancial Statsmants for the yoar ended 5th April 2025 Page R6port of the Trusta•8 Indondent Examiner's R•port Statsment of Flnanclal Activiti Balance Sheet Notes to the Flnanclal Statements 7 to 11
The J F Brignall Charitable Trust CIO Raport of th• Trustees for the year endod 5th April 2025 The trustees present their report with the financi21 statements of the trust for the year ended 5 April 2025. The trustees have adopted the provisions of 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 (FRS102). OBJECTIVES AND ACTIVITIES Objectlv•s and alms The objective of the trust is to support projects of local and national charities and similar bodies, particularly those involved in: the advancement of knowledge and treatment of cancer and other major illness medical research the provision of medical care the protection of vulnerable children supporting disadvantaged youths in order to give these persons a sense of belonging and responsibility towards the community at large helping to relieve suffering and maklng lrfe better for sectors of the public local good causes Signlficant activltles The trust achieves its charltable objectives through making grants to support youth activities and the protection of vulnerable children, medical research and care and other local causes. Publlc benefit The trustees confirm that they have referred to the guidance contained in the Charity Commlsslon's general guidance on public benefit when reviewing the trust's aims and objectives and in planning future activities and setting the grant making policy. Grantmaking Grant applications are presented by the applicants to the trustees at the quarterly trustees, meetings. The applications are assessed to ensure compatibility with the trust's objectives. FINANCIAL REVIEW Flnanclal posltlon At 5 April 2025, the value of the trust's Investment portfolio was £8,025,647 {2024,. £8,113,604), The trust's investment income for the year ended 5 April 2025 was £225,232 (2024: £219,994). Grants totalling £203.727 (2024: £221,900) were made. The value of unrestricted funds at 5 April 2025 is £8,456,689 {2023'. £8,653,262). Principal funding sourGes The principal funding source is investment income from the portfolio of investments managed by Coutts & Co and Investec Wealth & Management Limited. Investment pollcy and objectives The strategy of the Trustees in regard to the investments held by the settlement is medium risk. R•s•rv•s policy The trust has unrestricted reserves of £8,456,689 at 5 April 2025. It is the trust's policy to retain sufficient funds to continue the objectives as set out in this report. This is achieved by maintaining the capital base by equating income received with grants made. over the medium-term. FUTURE PLANS The trust intends to continue using the investment income generated to make grants to charitable organisations in line with its charitable aims and objectives. Page 1
The J F Brignall Charitable Trust CIO Report of the Trustees for tho year ended 5th Aprll 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The J F Brignall Charitable Trust was registered as a Charitable Incorporated Organisation ("CIO") with the Charity Commission on 28 February 2014. The governing document is the CIO'S Constitution which follows the Foundation model. Recruitment and appointment of new trustees The first trustees were appointed on incorporation of the trust. New trustees must be appointed by a resolution passed at a properly convened meeting of the trustees. In selecting individuals for appointment as trustees, the trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO. Organisational structure The trustees meet on a quarterly basis to discuss fvture strategy and review the activities of the trust, consider matters arising and authorise grants. Decisions may also be taken by resolution in writing or electronic form agreed by all of the trustees. Induction and training of new trustees The trustees will make available to each new trustee, on or before his or her first appointment, a copy of the current version of the constitution and a copy of the CIO'S latest Trustees, Annual Report and statement of accounts. Related parties During the year, £3,685 was paid to K B Allan. daughter of J B Allan. trustee of the charltable trust for charity administration (2024.. £1,350). Additionally, a grant of £28,800 (2024: Nil) was paid to Unthinkable for a producer's salary. A trustee of Unthinkable is the son of S B Brignall, trustee of the charitable trust. Rlsk management The trustees have a duty to identify and review the risks to which the charity 15 exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. REFERENCE AND ADMINISTRATIVE DETAILS Reglst•red Charlty numbor 1155g74 Reglstered offl¢• 109A Harland House Harland Way Cottingham East Yorkshire HU16 5TB Trustees Mrs J B Allan Miss S B Brignall Mrs C B Hazelwood Independent Examiner Smalles Goldie Chartered Accountants Regent's Court Princess Street Hull East Yorkshire HU2 8BA Page 2
The J F 8rignall Charitable Trust CIO Report of tha Trust•as for the year ended 5th April 2025 REFERENCE AND ADMINISTRATIVE DETAILS Solicitors Andrew Jackson Solicitors Marina Court Castle Street Hull HU1 1TJ Bankèrs and Invèstment Advls•r8 Coults & Co 440 Strand London WC2R OQS Investec Wealth & Investment Limited 3 Wellington Place Leeds LS14AP Approved by order of the board of trustees on 14th October 2025 and signed on its behalf by: Jane Allan - Trustee Page 3
Independent ExaminaS Report to the Trust•es of The J F Brlgnall Charitable Trust CIO Independent axamlnerfs report to the trustees of The J F Brignall Charltable Trust CIO I report to the charity trustees on my examination of the accounts of the charity for the year ended 5th April 2025. Responsibilities and basls of report As the charity's trustees you are responsible for the preparation of the a¢untS in accordance with the requirements of the Charities Act 2011 ('the Act,). Having satisfied myself that the accounts of the charity are not required to be audited under Section 144 of the Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. Independent examlnerfs stat•mant 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 Act; or the accounts do not accord with those records. or the accounts do not comply with the applicable requirements concerning the form and contents of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to whlch attentlon should be drawn in this r8POrt in order to enable a proper understanding of the accounts to be reached. Stephen Bramall Bsc,, FCA Smalles Goldie Chartered Accountants Regent's Court Princess Street Hull East Yorkshire HU2 8BA 14th October 2025 Page 4
The J F Brignall Charltable Trust CIO Statsment of Financlal Activltles for the year •nded 5th April 2025 2025 Unrestrlctad fund 2024 Total funds Notes INCOME AND ENDOWMENTS FROM Investment income 225,232 219,994 EXPENDrruRE ON Raising funds 46,794 48,198 Charitable actlvltles Medical Research & Care Vulnerable Children Community Grants Youth Support Arts 17.900 26.000 81.027 50,000 28,800 38,566 45.228 1,250 48,000 88,856 Other Total 263,914 282,811 Net gainsl(losses) on investments 157 891) 512,875 NET INCOMEI(EXPENDITURE) {196.573) 450,058 RECONCILIATION OF FUNDS Total funds brought fOrard 8,653.262 8,203,204 TOTAL FUNDS CARRIED FORWARD 8.456,689 8,653,262 The notes form part of these financial statements Page 5
The J F Brfgnall Charitable TNst CIO Balance Sheet 5th Aprll 2025 2025 Unrestrlcted fund 2024 Total funds Notes FIXED ASSETS Investments 8,025,647 8.113,604 CURRENT ASSETS Debtors Cash at bank 10 25,567 571,697 21,817 713.995 597,264 735,812 CREDITORS Amounts falling due within one year 11 (131,222> (131,362) NET CURRENT ASSETS 604,450 TOTALASSETS LESS CURRENT LIA81LITIES 8.491,689 8,718,054 CREDITORS Amounts falling due after more than one year 12 (35,000) (64,792) NET ASSETS 8 456 689 8,653.262 FUNDS Unrestricted funds 13 8,456,689 8,653,262 TOTAL FUNDS 8,456,689 8,653,262 The financial statements were approved by the Board of Trustees and authorised for issue on 14th October 2025 and were signed on its behalf by.. AtLoL Jane Allan - Trustee The notes form part of these financial statements Page 6
The J F Brlgnall Charltabl• Trust CIO Notes to the Flnancial Statemants for the year ended 5th Aprll 2025 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modrfied by the revaluation of certain assets. The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. Income All income is recognised in the Statement of Finanaal Activities once the charity has entitlement to the funds, It is probable that the income will be received and the amount can be measured reliably. Expendlture Liabilities are recognised as expenditure as soon as there is a legal or constructSve obligation committing the charity to that expenditure, it is probable that a transfw of economlc benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure Is accounted for on an acLruals basls and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants payable are charged in the year when the offer is made. Grants offered over multiple years are accrued as expenditure in the year of offer, unless there are performance conditions attached to the grants, in which case the grant (or element) thereof is recognised when the performance conditions have been met. Taxatlon The charity is exempt from corporatlon tax on its charitsble actlvitles. Fund accountlng Unrestricted funds can be used in accordan wlth the charitable objectives at the dlscretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised ft)r particular restricted purpos8S. Debtors and creditors r•c•ivablelpayable withln one year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. Fix•d asset Investments Fixed asset investments are a form of basicfinancial instrument and are initially recognised at their transaction value and subsequently measured at their fair value at the balance sheet date using the closing quoted market price. Fair value gains and losses are recognised in the Statement of Financial Activities. INVESTMENT INCOME 2025 2024 Fixed interest Dividends Other 117.049 92,287 15,896 92,521 104,048 23.425 225,232 219,994 Page 7 continued...
The J F Brignall Charitable Trust CIO Notes to th• Flnancial Stat•ments - continu for the yaar ended 5th Aprll 2025 RAISING FUNDS Investment management costs 2025 2024 Portfolio management 46,794 CHARITABLE ACTIVITIES COSTS Charitable activities costs exclusively represent grants payable. A detailed breakdown of grants payable is provided in note 5. GRANTS PAYABLE 2025 2024 Medical Research & Care Vulnerable Children Community Grants Youth Support Arts 17,900 26,000 81,027 50,000 28,800 38,566 45,228 1,250 48,000 88,856 203,727 221,900 The total grants paid to institutions during the year was as follows: Total Committed Committed for recognised in brought Paid in year future periods year forward Mlddle Child Unlversity of Hull Teenage Cancer Trust HDCA House of Light Hull YFC Cat Zero Puffins GalorelDaisy Appeal Laser Trust Fund Moghissi Shine Candlelight Cruse Bereavement Yorkshire Children's Charity Three Ways East St Marys Church Beverley RUFC Street Angels Run With It The Encyclopedia of Us Unthinkable 85,356 27,000 17,200 7,000 35,000 21,028 42,678 27,000 8,600 4.000 35.000 10.514 35.000 5,400 10,000 2,500 6,000 2,027 20,000 10,000 10,000 42,678 8,600 3,000 10,514 5.400 10.000 2.500 6.000 2.027 20,000 10,000 10.000 9.000 5,000 15,000 45,000 28,800 9,000 5,000 10,000 45,000 28,800 5,000 192,584 233,719 162,592 203,727 Page 8 continued...
The J F Brignall Charltable Trust CIO Not•s to the Financial Statements - contlnued for the year ended 5th Aprll 2025 SUPPORT COSTS Gov•manc• Costs Management Totals Other resources expended 6,811 6,582 13.393 NET INCOMEI(EXPENDITURE> Net incomel(expenditure) is stated after chargingl(crediting): 2025 2024 Independent examiner remuneration - independent examination fee Independent examiner remuneration - awountancy services 3,630 2,952 3,570 3,368 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 5th April 2025 nor for the year ended 5th April 2024. Trustoes. axpen808 There were no trustees, expenses paid for the year ended 5th April 2025 nor for the year ended 5th April 2024. FIXED ASSET INVESTMENTS Equltles and other holding8 Fixad internst Totals MARKET VALUE At 6th April 2024 Additions Disposals Revaluations 2,392,508 5,721,096 8,113,604 800,742 2,602,504 3.403,246 (555.271) (2,778,041) {3.333,312) 12,860 At 5th April 2025 2 650.839 5,374,808 8,025,647 NET BOOK VALUE At 5th April 2025 2 650 839 5 374 808 8,025 647 At 5th April 2024 2,392,508 5.721,096 8 113.604 Inv•stm•nts at market value comprise: UK Overseas 2025 2024 Equities Securities 1,132,942 7SO,903 4,241,866 1,899,936 5,374,808 2,640.839 5.721,096 2.392,508 Total market value 1.883.845 6,141,802 8,025,647 8,113,604 Page 9 continued...
The J F Brignall Charitable Trust CIO Notes to the Financial Statements - Gontinu•d for the year ended 5th Aprll 2025 10. DEBTORS: AMOUNTS FALLING DUE wrrHIN ONEYEAR 2025 2024 other debtors 25.567 21,817 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Grants committed Other ueditors 127.592 3,630 127,792 3,570 131,222 131,362 Movement in recognised grant commitments during the year: 2025 2024 Grant commltments at 5 April 2024 Previous grant commitments paid during the year Grant commitment made during the year 192.584 (127,792> 97,800 99,000 (37,000) 130,584 Grant commitments at 5 April 2025 162 592 192 584 Falling due: Within one year After one year 127,592 35,000 127.792 64,792 167 592 192,584 12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2025 2024 Grants committed 35,000 64,792 Page 10 continued...
The J F Brfgnall Charitable Trust CIO Notes to the Financial Statéments - continued for the year ended 5th April 2025 13. MOVEMENT IN FUNDS Net movement in funds At 514125 At 614124 Unrestricted fvnd3 General fund 8,653,262 {196,573) 8,456,689 TOTAL FUNDS 8,653,262 196,573) 8,456,689 Net movement in funds, included in the above are as follows: Incomlng resources Resourc•s expèndod Galns and losses Movement in funds Unrestricted funds General fund 225,232 {263,914) (157,891> (196,573) TOTAL FUNDS 225 232 263,914) 157.891) 196.573) Comparatlves for movement in fund8 Net movement In funds At 514124 At 614123 Unrestricted fund8 General fund 8,203,204 450,058 8,653,262 TOTAL FUNDS 8,203.204 450,058 8,653,262 Comparative net movement in funds, included in the above are as follows,. Incoming resources Resources expended Gains and losses Movement In funds Unrestrlcted funds General fund 219,994 (282,811) 512,875 450,058 TOTAL FUNDS 219,994 282,811) 512,875 450,058 14. RELATED PARTY DISCLOSURES During the year. £3,685 was paid to K B Alan, daughter of J B Allan, trustee of the charitable trust for charity administration (2024: £1,350). Additionally, a grant of £28,800 (2024: Nil) was paid to Unthinkable for prcKlucer's salary. A trustee of Unthinkable is the son of S B Brignall. trustee of the charitable trust. Page11