REGISTERED CHARITY NUMBER: 1161956 Report of the Trustees and Unaudlted Flnanclal Stalemonts for the Year Ended 5 Aprll 2024 The McNally Brownson Foundatlon Mellor Oxland LLP Hine House 25 Regent Street Nottingham NG1 5BS
The McNally Brownson Foundation Contents of tho Financlal Statements for the Yoar Endod S Aprll 2024 Page Report of tho Trustees 1 to 3 Independent Examlnerfs Report Statement of Flnancial Actlvltlo8 Balance Sheet Notes to tho Flnancial Stalements 7 to 12 Detalled Statement of Flnan¢lal Actlvltles 13
Tho McNally Brownson Foundation Report of Iho Trustees for the Year Ended 5 Aprll 2024 The trustees present their report with Ihe financial statements of the charity for the year ended 5 April 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: ststement of Recommended Practice applicable to charities pParing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 20191- O&JECTIVES AND ACTIVITIES Alms and objectives The objects of the charity are set out in the Charities Trust Deed and are summarised as follows.. The relief of sickness and the preservation of health for people living in England, to assist in the Iatment and care of persons suffering from a physical illness of any description, to promote and protect the physical and rnenlal health of suffers of mesothelioma and cancer, to advance the education of the general public in all areas relaling lo mesothelioma and cancer, the benefit of the public lo relieve the suffering of animals and the need of care and attention to provide and maintain homes with the facilities for the reception, care and treatment of such animals, lo promote humane behaviour towards animals by providin9 appropriate care protection treatment and security for animals in need of such care. The objectives a sel to reflect our community aims. Each year the trustees review the objectives and activibes in order to ensure they continue to reflect the aims of the Charity. In carrying out this review the trustees have considered the Charity Commission's guidan on public benefit. Al their bi-annual meetings the level of income not utilised is considered and if conSided appropriate funds are then donated lo charities that have similar aims to those of the foundation. When making such donations trust88s will always bear in mind the need to make accurate research. Actlvltles and achievements The activities of the Charity during the year are delailed below. The trustees consider that these activities have provided beneficial lo those suffering from illness and animals in need. During the year the trustees agreed to 8SSlSt 8 charities with grant funding totalling £19,000. Publlc benefit The trustees have given due consideration to the Charity Commission's published guidance on the operation of the public benefit reqU1Ment. Grantmaklng policy The trustees usually meet bi-annually to consider applications for the issue of grants. Grants are only made if the trustees consider them to be appropriale in accordance with the objects of the Charity. The day to day 8dminlstration of grants is delegated to the administrator. ACHIEVEMENT AND PERFORMANCE Inveslment policy and perh)rmanco In accordance with Ihe tnjst deed the trustees have power to invest in such stocks, shares and inveslments in the UK as they see fit. The policy of the trustees is to adopt a medium risk investment strategy bas8d on m8ximising income. This policy has been followed during the year as shown by the total investment income receNed of £33,633 {2023 £21,995). Page 1
The McNally Brownson Foundation Rgport of the Trustees for the Year Ended 5 Aprll 2024 FINANCIAL REVIEW Reserves policy The trustees have a pollcy of wilhdrawal of funds they choose to malntain and then possibly increase the current value of reserve. The total value of reserve is also maintained at an adequate level in order to provide sufficient income to consider to issue grants within 10°/o of the level in the current year. Annual Accounts The trustee's annual accounts are available for inspection at the Charity's regISted office. Should a copy of the accounts be required please contact the trustees or the adminislrator in the first instance. FUTURE PLANS The McNally Brownson Foundation is a relatively new Charity which is now becoming well known among many animal wellare and health agencies Within Leicestershire and the East Midlands and it is from Ihese that most potentialty new beneficiaries are expected to arise. Links with other local organisations will be enrx)uraged throughout the coming year an(J therefore the existence of the Charity will be made known through other avenues. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by its governing document. a deed of Irust and constitutes an unincorporated charity. The McNally Brownson Foundation is an un-incorporated Trusl created by deeds dated 24 February 2015 and is a registered charity under Charity Number 1161956. The Foundation is governed by the terms of the Irust deed. Trustees are appointed by the continuing trustees. The trust deed stipulates that there musl be a minimum oftwo trustees at any given ts'me. There is no time limit on trustee appointment. The trustees meet bi-annually to agree broad strategy, considerab'on of grant making, investment risks. management and reserves. The day lo day admini51ration of grants and the process of handling applications prior to considerab'on by the trustees is delegated lo the administrator. In the evenl a trustee reti$ the remaining trustees wi51 agree to a new Injstee wilh quality of skills and experience which are considered appropriate to compliment those of the continuing trustees. The induction process for a new trustee comprises an initial meeting with the Chair of the trustees, the provision of information on the origin of the charity and its current objecb'ves after which they will attend their first trustees meeting. REFERENCE AND ADMINISTRATIVE DETAILS Roglstered Charlty number 1161956 Prlncipal address Pennine House 8 Stanford Street Nottingham NG17BQ Page 2
The McNally Brownson Foundation Report of tho Trustees for the Year Ended S April 2024 Trustees Mrs B McNally Mr T Moore Mr J Middleton Mr P Simpson Mrs P Simpson Independent Examiner Mellor Oxland LLP Hine House 25 Regent Street Nottingham NG15BS Approved by order of the board of trustees on behalf by: q..(rd. ].er.J.QlF...... and signed on its Mr T Moore - Trustee Page 3
Independent Examinerfs Report to Ihe Trusto0s of Tho McNally Brownson Foundatlon Independent examlnefs rèport to tho trustees of The McNally Brownson Foundallon I report to the charity trustees on my examination of the accounts of The McNally Brownson Foundation {the Trust) for the year ended 5 April 2024. Respon51bllillos and basls of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {Ihe Act'>. I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 14q5){bl of the Act. Indepondènt examinerfs statement I have completed rny examination. I confimi that no material matters have come to my attention in connection with the examinatlon giving me cause to believe thal in any material respect- accounting records were not kept in respect of the Trust as required by Section 130 of Ihe Act., or the accounts do nol accord with those records; or the accounts do nol comply wilh the applicable requirements conceming the fonn and content of accounts set out in the Charities {Accounls and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is nol a matter considered as part of an independent examination. I have no cOnmS and have come across no other matters in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts to be aChed. D L Cain8 Mellor Oxland LLP Hine House 25 Regent Street Nottingham NG15BS Page 4
The McNally Brownson Foundallon Statement of Financlal Actlvllios for the Year Ended S Aprfl 2024 2024 Unrestricted fund 2023 Total funds Notes INCOME AND ENDOWMENTS FROM Investment income 33,633 21,995 EXPENDITURE ON Raising funds 19,140 23,854 Charitabl• activities Charitable donations 28,420 21,336 Total 47,560 45,190 Net gains1(losses) on investments 69,124 1105,509) NET INCOMEI(EXPENDITURE) 55,197 (128,704) RECONCILIATION OF FUNDS Total funds brought forward 1,304,924 1,433,628 TOTAL FUNDS CARRIED FORWARD 1,360,121 1,304.924 The notes form part of these financi81 statements Page 5
The McNally Brownson Foundatlon Balance Sheet 5 Aprll 2024 2024 Unrestricled fund 2023 Total funds Notes FIXED ASSETS Inve51menls 1,347,469 1,295,488 CURRENT ASSETS Debtors Cash at bank 741 17.830 7,101 8,017 18,571 15,118 CREDITORS Amounls falling due within one year (5.919} (5,6821 NET CURRENT ASSETS 12,652 9,436 TOTAL ASSETS LESS CURRENT LIABILITIES 1,360,121 1,304,924 NET ASSErs 1,360,121 1,304,924 FUNDS UnStrICted funds 1,360,121 1,304,924 TOTAL FUNDS 1,360,121 1,304,924 The financial ststements were approved by the Board of Trustees and authorised for issue on q..Q.otcl£.r..la*.... and were signed on its behalf by.. Mr - Trustee The noies form part of these financial statements Page 6
Thè McNally Brownson Foundation Nolos to the Financlal Statements for the Year Endgd 5 Aprll 2024 ACCOUNTING POUCIES Basis of preparlng the flnancial ststements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended practi applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) {effective 1 January 2019),, Finanaal Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Iland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, wlth the exception of investments which are included al market value, as m(MJified by Ihe revaluation of certain assels. Incorne All income is CogniSed in the Statement of Financial Aciiwties On the charity has entitlement to the fiJnds, il is probable that the income will be received and the amount can be measured reliably. Expenditure Liabillties are CogniSed as expenditure as soon as there is a legal or constructive obligation committing the charity lo Ihat expenditure, it is probable that a transfer of econornic benefits will be quired in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that agggate all cost related lo the category. Where costs cannol be directly altributed to parbcular headings they have been allocated to activities on a basis consistent wilh the use of resources. Grants offered subject to conditions which have not been mel at the year end date are noted as a commitment bul not accrued as expendiiure. Taxation The charity is exempt from tax on its charitable activllles. Fund aecountlng Unrestricted funds can be used in accordance wtth the charitable objectwes at the discretion 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 for particular restricted purp)ses. Further explanation of the nature and purpos8 of each fund is included in the notes to the financial statements. Page 7 continued..
The McNalty Brownson Foundation Notos to thg Financial Ststfrmenls - Gonlinued for the Year Ended S Aprll 2024 INVESTMENT INCOME 2024 2023 Investment income 33,633 21,995 RAISING FUNDS Investment managemenl costs 2024 2023 Portfolio management 19,140 23,854 TRUSTEES. REMUNERATION AND BENEFITS There were no trusiees, remuneration or other benefits for the year ended 5 April 2024 nor for the year ended 5 April 2023. Trustees. expenses There were no trustees. expenses paid ft)r the year ended 5 April 2024 nor for the year ende(15 April 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Investment inrne 21,995 EXPENDITURE ON Raising funds 23.854 Charitable activlllos Charitable donations 21,336 Total 45,190 Net gainsl(losses) on investments (105,5091 NET INCOMEI(EXPENDITUREI (128,704) RECONCILIATION OF FUNDS Total funds brought forward 1.433.628 Page 8 continued..
Tho McNalty Brownson Foundation Notss to the Flnancial Statements . contlnued for the Year Ended 5 Aprll 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted fund TOTAL FUNDS CARRIED FORWARD 1,3iJ4,924 FIXED ASSET INVESTMENTS Listed investments MARKET VALUE At 6 April 2023 Additions Disposals Revaluakn'ons 1,295,488 315,668 (361,798) 98,111 At 5 April 2024 1,347,469 NET BOOK VALUE Al 5 April 2024 1,347,469 Al 5 April 2023 1,295.488 There were no investment assets outside the UK. Cost or valuation at 5 April 2024 is represented by: Listed investments Valuation in 2023 Valuation in 2024 Cost 53,714 98,111 1,195,644 1,347,469 The above includes cash funds held with Ralhbones of £4,285 {2023 £56,637). Page 9 rx)ntinued...
Tho McNally Brownson Foundation Notgs tc the Flnan¢ial Slalements - contlnuod for the Year Ended 5 April 2024 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Nelsons dient account 741 7,101 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other creditors 5,919 5,682 MOVEMENT IN FUNDS Net movemenl in funds At 5.4.24 At 6.4.23 Unrestrfcted funds General fund 1,304,924 55.197 1,360,121 TOTAL FUNDS 1,304,924 55,197 1,360,121 Net movement in funds, included in the above are as follows: Incoming Resources sources expended Gains and Movemenl losses in funds Unrostrlctsd funds General fund 33,633 147.560) 69,124 55,197 TOTAL FUNDS 33,633 (47.560} 69,124 55.197 Comparatlves for movament in funds Net movement in funds Al 5.4.23 At 6.4.22 Unrestrl¢ted funds General fund 1.433.628 1128,704) 1,304,924 TOTAL FUNDS 1,433,628 {128,704) 1,304,924 Page 10 continued...
Tho McNally Brownson Foundation Notes to the Flnan¢lal Statements - contlnued for the Year Endod 5 April 2024 MOVEMENT IN FUNDS . continued Comparative nel movement In funds, included in the above are as follows.. Incoming Resource5 Gains and Movement resources expended losses in funds Unre5trlcted funds General fund 21,995 145,1901 (105,509) (128,704) TOTAL FUNDS 21,995 145,1901 (105,509) (128,704) A current year 12 months and prior year 12 months combined p05iknon is as follows.. Net movement in funds Al 5.4.24 At 6.4.22 Unrestriod funds General fund 1,433,628 (73.5071 1,360,121 TOTAL FUNDS 1,433,628 (73.5071 1.360,121 A current year 12 months and prior year 12 months combined net movement in funds, Included in the above are as follows.. Incoming Resources Gains and Movement resources expended losses in funds Unrestricted funds General fund 55,628 (92.750) (36,3851 {73,507) TOTAL FUNDS 55,628 192.750) (36,385) 173,507) Page 11 continued...
Tho McNally Brownson Foundation Noto8 to tho Flnanclal 8tatoments - contlnued for the Year Ended 5 Aprll 2024 10. RELATED PARTY DISCLOSURES There were no relat6d party transacknons ftjr the year ended 5 April 2024. Page 12
The McNally Brownson Foundation Detailed Statement of Financlal Acllvltie5 for tho Year Ended 5 April 2024 2024 2023 INCOME AND ENDOWMENTS Investment Incorne Investment income 33,633 21,995 Total incomlng rosources 33,633 21,995 EXPENDITURE Investment management Costs Portfolio management 19,140 23,854 Charltsble activlties Grants to insb'tutions 19,000 15,000 Support costs Management Management charges 8,400 5,376 Governance costs Accountan¢y and legal fees 1,020 Total resources expended 47,560 45,190 Net expenditure bofore galns and losses (13,927} {23,195) Reallsed recognised gains and losses Reali50d gainsllosses on investments (28,9871 15,283 Net expendituro (42,9141 (7,9121 This page does not fomi part of the slaiutory financial statements Page 13
CTCTOQ NII.SONS I I NOV 2024 Hand Delivery 400001 Pefinned to FEMF