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2022-11-21-accounts

The Brown Source Trust The Brown Source Trust 1165158
Receipts andpayments accounts CC16a
For the period
from		 22.11.2021
Period start date		 To 21.11.2022
Period end date
Section A Receipts and payments Section A Receipts and payments
A1 Receipts Unrestricted
funds
to the nearest
£
17,796
-
-
-
-
-
-
17,796
-
-
-
17,796
117,336
9,179
780
-
-
-
-
-
127,295
-
-
-
127,295
- 109,499
107,144
7,914
5,559		 Restricted
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Endowment
funds
to the nearest £
-
274
-
-
-
-
-
-
274
776,433
-
776,433
776,708
4,450
-
-
-
-
-
4,450
671,621
-
671,621
676,071
100,636
- 107,144
170,170
163,662		 Total funds
to the nearest £
17,796
274
-
-
-
-
-
-
18,071
776,433
-
776,433
794,504
117,336
4,450
9,179
780
-
-
-
-
-
131,745
671,621
-
671,621
803,366
- 8,862		 Last year
to the nearest £
Income from investments 17,796 22,793
Bank interest 17
- -
- -
- -
- -
- -
- -
Sub total(Gross income for
AR)		 17,796 22,810
A2 Asset and investment sales,
(see table).
Sale of investments - 829,468
- -
Sub total - 829,468
Total receipts
A3 Payments
852,278
Grants awarded 117,336 21,244
Investment manager and admin fees 11,324
Management fees 9,179 6,239
Independent Examiners fees 780 -
- -
- -
- -
- -
- -
**Sub total ** 127,295 38,807
A4 Asset and investment
purchases, (see table)
Investment purchases - 809,725
-
**Sub total ** - 809,725
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
848,532
- 109,499 - 100,636 - 8,862 3,746
107,144 - - 107,144 - -
7,914 - 170,170 178,084 9,152
5,559 - 163,662 169,223 12,898

CCXX R1 accounts (SS)

1

Section B Statement of assets and liabilities at the end of the period

Categories
Signed by one or two trustees on
behalf of all the trustees
B1 Cash funds
B2 Other monetary assets
B4 Assets retained for the
charity’s own use
B5 Liabilities
B3 Investment assets
CCXX R2 accounts (SS)		 Signature
Capital account
Income account
Details
Total cash funds
(agree balances with receipts and payments
account(s))
Details
Details
Coutts portfolio
Details
Details
2		 Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
-
-
5,559
-
-
-
5,559
-
OK
OK
Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
-
-
-
-
-
-
-
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
Endowment
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
-
-
-
-
-
-
-
-
-
Fund to which
liability relates
Amount due
(optional)
-
-
-
-
Print Name
Stuart Robinson		 Endowment
funds
to nearest £
163,662
-
-
163,662
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
795,997
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
Date of
approval
Stuart Robinson 16.09.2023
2

CCXX R2 accounts (SS)

Trustees’ Annual Report for the period

From 22 November 2021 To 21 November 2022

Charity name: The Brown Source Trust Charity registration number: 1165158

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 The objectives of the Trust are to further
such objects or purposes which are
exclusively charitable according to the law
of England and Wales in any part of the
world and in such manner as the Trustees
may in their absolute discretion think fit.
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.		 Para 1.17 and
1.19		 In furtherance of the charity’s objects for
the public benefit the trustees provide
grants.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 In determining the charity’s activities the
trustees have had regard to the Charity
Commission’s guidance on public benefit.

Additional information (optional)

You may choose to include further statements where relevant about:

SORP reference

Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other

Achievements and Performance

SORP reference During the year under review the charity made grant awards to 13 institutions totalling £117,336. Summary of the main achievements of the charity, identifying the difference the Para 1.20 charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.

Additional information (optional)
You may choose to include further statements where relevant about:		 Additional information (optional)
You may choose to include further statements where relevant about:		 Additional information (optional)
You may choose to include further statements where relevant about:
Achievements against
objectives set		 Para 1.41
Performance of fundraising
activities against objectives
set		 Para 1.41

----- Start of picture text -----
Investment performance
against objectives Para 1.41
Other
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Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 At the end of the reporting period the
charity had free reserves of £5,559 (2021:
£7,345).
In addition to the free reserves the charity
has bank balances of £163,662 (2021:
£224,275) and investments valued at
£795,997 within the endowment fund.
The Trustees pursue a policy of
maintaining a free reserve available to be
spent in the furtherance of the charity’s
objectives as well as covering future needs,
opportunities, contingencies and risks.
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22
Amount of reserves held Para 1.22

Reasons for holding zero Para 1.22 reserves Details of fund materially in Para 1.24 deficit Explanation of any Para 1.23 uncertainties about the charity continuing as a going concern

Additional information (optional) You may choose to include further statements where relevant about:

The charity’s principal
sources of funds (including
any fundraising)		 Para 1.47
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46
A description of the principal
risks facing the charity		 Para 1.46
Other

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25 Trust deed dated 12 December 2015.
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 Trust
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 Trustees are appointed by the settlor
during his lifetime or subject to this
appointment is by the trustees.

Additional information (optional) You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction and training of trustees Para 1.51 The charity’s organisational structure and any wider network with which the charity works Para 1.51

Relationship with any related Para 1.51 parties Other

Reference and Administrative details

Charity name The Brown Source Trust
Other name the charity uses
Registered charity number 1165158
Charity’s principal address Trustees Department
1stFloor, Tower Wharf
Cheese Lane, Bristol
BS2 0JJ

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20		 Trustee name Office (if any) Dates acted if not for whole
**year **		 Name of person (or body) entitled
to appoint trustee (ifany)
Mr Alan Brown
Mrs Nicola S Brown
Mrs Chloe J Noble
Miss Hannah L Brown
Mr HarryW Brown
Mr Jack R Brown
Ludlow Trust
CompanyLimited

– Corporate trustees names of the directors at the date the report was approved Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects

Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information)
Type of adviser
Name
Address
Investment Managers Coutts & Co 440 The Strand, London, WC2R 0QS
Bankers Coutts & Co 440 The Strand, London, WC2R 0QS
Accountants KJF Accounting Limited 17 Sheringham Avenue, Southgate,
London, N14 4UB

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Stuart Robinson Position (eg Secretary, Trust Manager Chair, etc) Date 16.09.2023

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of The Brown sour￿ Trust On accounts for the year ended 21" November 2022 Charlty no (if any) 1165158 Set out on pages 1 to2 I report to the trustees on my examination of the accounts of the above charity {"the Trust") for the year ended 2111112022. Responsibilities and As the charity trustees of the Trust. you are responsible forthe preparalion basis of report of the accounts in accordance with the requirements of the Charities Act 2011 {Ihe Acn. I report in respect of my examination of the Trust's 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 section 145{5)Ibl of the ACL I have Completed my examination. I confirm that no material matters hav8 come to my attention in connection with the examination which gives me cause to believe that in, any material resped.. accounting records were not kept in accordance wth Section 130 of the Act or the accounts do rKJt accord v￿th the accounting records Independent examinerfs statement I have no concem$ and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Slgned: Date: -ZL) 2 Name: Mr Keith Felton Relevant professional qualification{sl or body lif any): ACCA Address: KJF Accounting Ltd, 17 Sheringham Avenue, Southgate, London N14 4UB Section B Disclosure Only complete if the examiner needs to highlight matters of concem {see CC32, Independent examination of charity accounts" directions and guidance ft)r examiners). IER October 2018

Give here brief details of any items that the examinerwishes to disclose. IER October 2018