FRANK BRANSTON CHARITABLE TRUST FINANCIAL STATEMENTS FOR THE PERIOD ENDED 5TH APRIL 2025 REGISTERED CHARITY NUMBER: 1162156 Halnes Watts First Floor 2 Woburn Court Railton Road Kempston Bèdford MK42 7PN FRANK BRANSTON CHARITABLE TRUST CONTENTS Page Charity Informatlon Trustees Report Independent Examiners Report Slalemenl of Financial Activities Balance Sheet Notes lo the Accounts FRANK BRANSTON CHARITABLE TRUST CHARITY INFORMATION Charity Number 1162156 Trustees Mrs M Branslon Ms A C Bmnslon Ms N R Branston Address 4 Bridge Vièw 37 The Embankment Bedford MK40 3PE Inéepet)dent Examiner Alberto Di Lorenzo Haines Watts First Floor 2 Woburn Court Railton Road Kempslon Bedford MK42 7PN FRANK BRANSTON CHARITABLE TRUST TRUSTEES, REPORT FOR THE PERIOD ENDED STH APRIL 2025 The trustees present their report and the financial slalements of the charitable trust for the period ended 51h April 2025. The financial stslemenls comply with the Charities Act 2011 and the Slalemenl ol Recommended Practice ISORPI "Accounting and Reporting by Charities. IFRS 102} in preparing the annual report and financial slalemenls of the charity. The financial slalemenls have been prepared in accordance with the accounting policies set out in notes lo the accounts and comply with the chaiily's governing document, the Charities Act 2011 and Aecounling and Reporting by Charities.. Statement of Recommgnded Practice applicable lo charities preparing their accounts in accordance with the FinanGial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 (effective 1 January 20191, Legal and administrative informalion set out on page 1 forms part of this ￿pOrt. Tiu$tees of the charily: The trustees who have served during the year are shown on the charity information page on page l. Objectives and activltles: The objects of the charity, to provide public benefit, are lo provide grants to organisations predominately within the County of Bedfordshire, which provide help wtth the following.. The advancement of health and saving of lives., and bl Promotes and supports Arts, Culture & Heritage. However, the Trustee5 may on occasion wnsider making donations lo national and international bodies that provide similar services. Financlal revièw The Iruslees are satisfied with the results for the year with total funds al the period-end amounting lo £1,462,71812024 £1,583,040). The results for the period are shown in the statement of financial activities on page 5 01 the financial slatemenls. ReseNes pollcy 11 is the Charity's aim to hold a minimLJm ol slx month's overhead costs in unreslricled reserves at all limes. Structuro, Governance and Management The charity is governed by its trust deed dated I2￿ June 2015. The Iruslees hold regular meetings and decisions are made upon majority consent. Rlsks The trustees believe that the charity is not exposed lo any material risks. Grant making pollcy The charity has no sel policy in relation to making grant payments. In the period donations and grants made amounted to £139,62512024 £93,855), Investment policy The investment policy is to only hold low risk investments, lo safeguard the charlty's lunds. No trustees received any Temunelalion for their services during the period. Trustee appointment and induction The charity is fortunate lo have a number ol long-standing Iruslees who would be able lo pass on their kno￿edge and experience of the organisation. FRANK BRANSTON CHARITABLE TRUST TRUSTEES. REPORT FOR THE PERIOD ENDED 5TH APRIL 2025 statement of trustees, responslblllties 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 A¢uunling Pracli¢el. The law applicab￿ to charities in England & Wales requires the twstees to prepare financial statements for each financial year which give a Iruo and fair view of the slate of affairs of the charity and of the incoming resour¢es and application of resources of the charity for that period. In preparing these financial slatemenls, the trustees are requirecl lo. select suitable accounting policies and then apply them consislenlly.. observe the methods and principles in the Charities SORP 2019 (FRS 102}', make judgements and estimates that are reasonable and prudent., slate whelher applicable accounting standards have been followed. subject to any material departures disclosed and explained in the financial statements., prepare the financial ststements on the going concern basis unless tt is inappropriate lo presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy al any lime the financial position of the charity and enable them lo ensure that the financial slalemenls comply with the Charities Act 2011, Statement of Recommended Practice for accovnling 2nd reporting by charities (applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republ￿ of Ireland IFRS 1021}and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hen¢e for taking reasonable steps for the prevention and detection of fraud and other irregularities. Slgned on behalf of the truste0$ by: M BRANSTON- Trustee 2026 FRANK BRANSTON CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES ON THE UNAUDITED ACCOUNTS OF FRANK BRANSTON CHARITABLE TRUST I report on the aceounls of the charity for the pèriod ended 5th April 2025, which are sel out on pages 5 tog. Respgctivg rosponsibilitiBs of trusteos and examingr As the charity's Irusle8s you are responsible for the preparation of the accounts in accordance with the rgquilements ol the Charities Act 20111'lhe Act'i. I report in respect of my examination of the charills accounts carried out under section 145 of the Act and in carying out my examination I have followed all the applicable Directions given by the Charlty Commission under section 145{5llbl of the Act. Independent examlnerfs statement I have completed my examination. I confirm that no material matters have come lo my allenlion 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 Actr or 2. the accounts do not accord with those records,. or 3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no COn￿rnS and have come across no other matters in connection with the examination lo wh￿h allenlion should be drawn in this report in older to enable a proper understanding of the accounts to be reached. ALBERTO DI LOR Haines Watts First Floor 2 Woburn Court Raillon Road Kempslon Bedford MK42 7PN zo 2026 FRANK BRANSTON CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITES INCLUDING INCOME AND EXPENDITURE ACC FOR THE PERIOD ENDED 5TH APRIL 2025 UNT Unrestricted Unrestricted income ca 2025 Total 2025 Total 2024 2025 Income and endowments Irom: Donation$ and18gacles Grants and donations {note 41 17,986 17,986 68,660 Mlscellaneous income: Charitabk actlwitles and fundratsln9 Gift and re¢eipts Income Irom investmonts Investment income Deposit interest Other receipts Profil {lossl on sale of investments 32.986 1,631 1,080 32,986 1,631 1,080 27,033 28,813 2,146 27.033 37,222 Total incomlng resources 35,697 45,019 80,716 136,841 Expenditure on: Charitable actlvities Portfolio management 10.959 10,959 10.181 Other costs Accountancy lees Adminislralion & branding fees Website design Dislribulions made Inole 6) 1,110 15,000- 1,110 15,000 1,080 5,000 151 93,855 139.625 139,62S Total expenditure 155,735 10,959 166,694 110.267 Net incomellexpenditurel in period Nel gains Ilossesl on investments 1120,0381 34.060 134,3441 {85,9781 {34,3441 26,574 91,173 Not mov9mont in funds 1120.0381 12841 {120,3221 117,747 Reconciliation of funds Funds brou9hl forward Transfers between funds Movements in funds for the year 171,512 1,411,628 1,583,040 1,465,293 {120,0381 12841 1120,322} 117.747 Funds as at 5th A ril 2028 £51,474 £1,411,244 £1,462,718 £1,583.040 FRANK BRANSTON CHARITABLE TRUST BALANCE SHEET AS AT 5TH APRIL 2025 2025 2024 Flxed assets Investments 1.266,837 1.380,201 Current assets Cash al Bank Other Deposits 173,239 23.722 27,864 176 025 196.961 203,889 Less: Currènt liabllitles AccrLJed Expenses Other Creditors 1,080 1,050 1,050 Net current {IlabllltlgsVassets 195 881 202,839 £1,462 718 £1,583,C)40 Funds Unreslricled income account Unrestricted capital account 51.474 1,411.244 171,512 1,411,528 £1462 718 £1,583,040 The financial slalemenls were approved by the Tnjslees on ........... . 2026. BRANSTON - Truslee A C BRANSTON- Trusleo FRANK BRANSTON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 5TH APRIL 2025 statutory informatlon Frank Branslon Charitable Trust is a charitable in¢orporated organisalion in England and Wales. The address of the registered Offi￿ is given in the ¢harily information on page 1 of these financial statements. 2. Accountlng policies Ba818 of accounting The charity Conslitules 8 public benefit entity as detined by FRS 102. The financial statements have been prepared in accordan￿ with the Charities SORP IFRS 102) 'Accounling and Reporting by Charities.. Statement of Recommended Practice applicable lo Charities preparing their accotjnls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191,, Finencial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of IreLand', the Charities Act 2011 and UK Generally Aocepled Accounting Practice. The chaiity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that il is applying FRS 102. The significant accounting policies applied in the preparalion of these financial statements are set out below. These policies have been consislenlly applied to all years presented unless otherwis& slated. Incoming resources Income is re¢ogni$ed in the period in which the charity is entitled to receipt and the amount Can be rneasu￿d with rèasonable certainty. Income is only deferred when the th8rity has lo fulfil ¢ondiltons before becoming enlilled lo IL Expendlture and Ilabllltles Liabilitie5 are recognised on the accruals basis. Expenses which are directly attribvted to specrfic activities are included within those cost categories. Governance costs include those associated wlh meeting the constitutional and statutory requirements of the charity. including accountancy fees and ctssts linked lo the strategic management of the charity. Snvestments Listed investments, for which fair value can be measured reliably without undue cost or effort, a measured al fair value at each feporting date with changes in fair value recogni8ed in the slalemenl of financial activities. The current fair value is based on a recognised slock~brokers valuation report at the balance sheol dale. 3. Employees and trustees There were no employees in the reporting r*riocl. No Iruslee received any remuneration or expense reimbursement in the period, 4. Grant8 & donations receivable Income 2025 Ca 2025 Income 2024 Ca 2024 Donations from Mrs M BTanslon 1,080 17,986 68,660 £1.080 £17,986 £68,660 FRANK BRANSTON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 5TH APRIL 2025 5. Independent Examiners, Remunèratlon Income 2025 Income 2024 Ca 2024 2025 statutory independent examination 1,080 1,080 £1,080 £1,080 6. Distrfbutlon8 made from incom• 2025 2024 Donations £1.000 or greater.. Bedford & Lulon Communily Foundation Keech Hospice East Anglian Air Ambulance Donations less than £1.000 Itotall 135,000 2,125 2,500 91,000 2,000 2,000 11,1451 £139,625 £93,855 FRANK BRANSTON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 5TH APRIL 2025 7. Invgstments 2025 2024 Brought forward Additions Disposals Fair value gainslllosses) 1,380,201 193,888 1272,9081 34.344 1.293,258 124,806 1129,036) 91,173 £1,266,837 £1.380,201 8. Unr6$trlctèd Income funds 2025 2024 Brought fopNard Surpluslldeticill for the year Transfer belween lunds 171,512 (120.0381 240,639 169,1271 Carried foMard £51,474 £171,512 9. Unrestrlctgd capital funds 2025 2024 Brought forward Surpluslldeficill for the year Transfer between funds 1.411.528 12841 1,224,654 186,874 Carried f￿ard £1411244 £1,411,528 10. R8lated party transactlons During the year Mrs M Branston. a Iruslee, gifted £17.986 to the charity as a capital donation {2024 £68,660) and £1.080 as an income donalion12024 £-).