REGISTERED CHARITY NUMBER: 1174233 REPORT OF THE TRUSTEES AND UNAUDITED HNANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 THE BRENDA VERA COOPER CHARITABLE WILL TRUST Gftjson Wthitler Chartered Accountants end Chartered Tax Advisers Larch House Parklands Business Park Denmead Hampshire P07 6XP
THE BRENDA VERA COOPER CHARITABLE WILL TRUST copirENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 8 APRIL 2025 Pago Report of the Trustees 1 to 2 Indendant ExamlneV8 Report Statoment of Flnanclal Actlvltl Balance Sheet Nots8 to the Flnanclal Slatsmonts 6 to 11
THE BRENDA VERA COOPER CHARITABLE WILL TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED S APRIL 2026 The trustees present their report with the financial statenIS of the charty for the year ended 5 April 2025. The trustees have adopted th8 provislons of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts In accordan with the Financial ReportirKJ Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). OWECTIVES AND ACTIVITIES ObJe¢tlves and aims To apply the net income of the It to the following charitabl8 instltutions in equal shares: The Britfsh Red Cross sClety, Thornerfs Homes, Macmillan Cancer Support and The Oakhaven Twst. Publlc b8nefft In accordance wth the requlremont8 of the Charitle8 Act 2011 and the assoclated Charities (Accounts and Reports) Regulations 21)J8, the tNstees confim that they have complied with their dulles to have due regard to t guidance on public benefft as published by the Charity C(xnmission, in exercising thelr powers and duties in the year under review. FINANCIAL REVIEW Flnanclal posltlon For the perioj to S April 2025 inrTh* amounted to £186.130 (2024.. £165,132) and unrestricted expenditure amounted to £176,592 (2024: £275.451) of which £176,592 (2024..: £275,451> were grant5, leaving a net deficit on unrestrided funds of £10,462 (2024: £110.319). Unrestricted funds at the balance sheet date are £94,471 (2024.. £104,933). The endowment fijnd has seen a galn on the revaluation of the investments of £39,384 (2024.. £87,004) and expenditure of portfolio management fe88 of £37,745 (2024.. £33,236) and support costs of £11,318 12024.. £8,0¢)J). The balance carried fonNard on this fund is £4,392,244 (2024: £4,401,923). R•8wvM polky 1. As part of their overall duties of managem6nt the tru8te88 must ensura that they have adequate fund8 to meat the purposes and objectivè5 of the trust. 2. The trustees note that Ihe trust Is a pemwnent endowment and as such has 8ignfficant pital investments. 3. The trustees must apply the net income of the tW8t for the four charity b8nefKtarkg8, namely '. The 8ritl8h R1 Cro39 Soclety, Macmillan Cancer Support, Thomerfs Homes and The Oakhaven Trust. 4. The tru8tee8 arrange distributh)ns of incorne to the four Charit[ Iw& a year, retaining funds from the Income for a 8mall contingency fund on account of unexpected expenses. 5. The Irustees conshjer thls mdhod of managing the financi•l affalrs of the charity to be appfoprfate in the circumstsnces, STRUCTURE, GOVERNANCE ANO MANAGEMENT Govemlng document The charity 1$ ¢trOlled by ts goveming document, a deed of trust and ¢on8titutes an unincorporated charity. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charfty number 1174233 Prlncipal address Blake Morgan LLP New Kings Court, Tollgate, Charnllels Ford Eastleigh Hampshire S053 3LG Page 1
THE BRENDA VERA COOPER CHARITABLE WILL TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 6 APRIL 2025 Trustees J M Wiltshire E Bunker S G Treherne Indopendant Exarnlner Gibson lfijhitler Chartered Accountants and Chartered Tax Advisers Larch House Parklands Bu8in68s Park Denmead Hampshire P07 6XP Approv¥J by order of the board of trust88s on ... .. . ... .. and spned on its behalf ty. Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BRENDA VEIRA COOPER CHARITABLE WILL TRUST Independent examiner's report to the trustees of The Brenda Vera Cooper Charitable Will Trust I report to the Charity iruslees on my examination of the accounts of The Brenda Vera Cooper Chaiitable Will Trust (the Trust) for the year ended 5 April 2025. R8spon8lbllltle8 and basls of raport 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 Cth8 ACV). I report in respect of my examinatlon of the Tru$Vs accounts carried out under Sectlon 145 of the Act and in carying out my examination I have followed all applicablé Directtons gpfftn by the Charity Commission under SeGlion 145(5)(b} of the Act. Independent examlnerfs statement I have completed my examination. I confimi that no material matters have come to my attentn In connectk?n wlih the 8xamination giviro me cause lo believe that in any material respect.. counting records were not kept in respect ol the Trust as requlred by Saction 130 of the Act; or the accounts do not accord with those records,. or the accounts do not compty with the applicable requirements concerning th8 form and content of Counts set out in the Charities {Acunt5 and Reports) Regulations 2008 other th8n any requirement that the accounts give a true and fair view which Is not a matter considered as part of an Independent examlnatlon. I have no concerns and have come xrosg no other matters in connection with the examination to wthich attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. Gavln Whrtter Gibson Vvhitter Chartered A¢countants and Chartered Tax Adwsers Larch House Parklands Bu8lne88 Pa Denmead Hampshire P07 6XP Page 3
THE BRENDA VERA COOPER CHARITABLE WILL TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED S APRIL 2026 5.4.25 Total funds 5.4.24 Total funds Unrestricted Endowment fvnd fur)d Notas INCOME AND ENDOWMENTS FROM Irwestmènt income 166,130 168,130 165.132 EXPENDITURE ON Raising funds 37.745 37,745 33,236 Charftable actlvltles Grant making 178,S92 11,318 187,910 283,451 Total 176,592 49,063 225,655 316,687 Net gains on investments 39,384 39,384 67,004 NET INCOMEI(EXPENDITURE) {10,462) {9,679} {20,141) (84,551) RECONCILIATION OF FUNDS Total funds brought foThvard 104,933 4,401,923 4,506,856 4,591,407 TOTAL FUNDS CARRIED FORWARD 94,471 4,392.244 4,486,715 4,506,856 The notes fom part of these financial statements Page 4
THE BRENDA VERA COOPER CHARITABLE WILL TRUST BALANCE SHEET 6 APRIL 2025 5.4.25 5.4.24 Notes FIXED ASSETS Investments 4.462,478 4,460,504 CURRENT ASSETS Debtors Cash at barA( 5,333 21,084 6,458 43,284 28,417 49,742 CREDITORS Amounts falling due ¥thin one year 10 (2,180) (3,390) NET CURRENT ASSETS 24,237 46,352 TOTAL ASSEfs LESS CURREiir LIABILITIES 4,486,715 4,5CIS,856 NEf ASSETS 4,486,715 4,508,858 FUNDS Unrestrlded funds Endowment fund8 12 94,471 4,392,244 104,933 4,401.923 TOTAL FUNDS 4,486,715 4.S¢A.858 The financial ststerr issue on . ts vMre approved and authorised for issue by the Board of Trustse8 arKI 8uthorised for . and vKre gigned on Its behalf by.. S G Treherne - stee PAULA HAlI Ft SHEh (•rTrrtEy TrEHEKNG J M Wfiltsiiire- Trustee -W£LÉwLQ] H E Bunker- Tnjstee The notes fomi part of these financial statements Page S
THE BRENDA VERA COOPER CHARITABLE WILL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 ACCOUNTING POUCIES Bas18 of proparlng the flnanclal statements The financial statements of the charty, which is a publtc benefit entty under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'A¢¢ounting and Reporting by Charities". ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of IrelaTrJ IFRS 102) (effective 1 January 20191.. Finan¢i81 Reporting Standard 102 'The Financial Reporting Stsndard applicable in the UK and Republic of Ireland, and the Charf(ies Act 2011. The financial statements have tjeen prepared under the historical cost convention, with the eXCePn of investments which ar8 included at market value, as mcNJifi8d by the revaluation of certain a$$et8. Income All income is recconisgj in th8 Statement of Financial Adivities once the charity has entitlement to the fvnds, it is probable that the inrne will be rerRived and Ihe amount can be measured reliably. Exp8ndltur• Liabilities are recognised as expenditure as on as there 18 a legal or ¢onstructive obligation committing the charity to that expenditu, li is probable that a transfer of ac(MlC beneffts will b8 required in settment and the amount of the obligation can be mèasured reliabty. Expenditure Trs counted for on an ac¢rual$ basis and has been classmled under headinps that aggregate all cost rdated to the category. l+Vhere costs cannot be direcdy attributed to particular headlngs they have been allocated to actTrwties on a basis con8i8tent wth the us8 of r880urcas. Investment portlolio Managent fees are allocated to the andment fund on an accruals basis. Grants offered subject to conditions which have not been met at the year end date are noted as C(Mnmitment but not accrued as expenditure. Taxatlon The charity18 exempt from tax on it8 charitable actiwtw. Fund accounllng Unrestrided funds can be used In accordance with the charitable objectives at the discretM)n of the trustees. Endowment funds are penxanent endcwm8nts which are required to be retained. but the income fr¢Jm these funds can be used for the benefrt of the Charity. ReStrted furKls can only be used for partlcular restricted purposos withln the objects of the charity. Restrictions 8ri8e when specified by the donor or when funds are raised for partkular restricted purposes. Further explanation of the nature and purpose of each fund is included In the notes to the financial stsiements. Page 6 continued...
THE BRENDA VERA COOPER CHARITABLE WILL TRUST NOTES TO THE FINANCIAL STATEMENTS - contlnu•d FOR THE YEAR ENDED 6 APRIL 2025 INVEsTmEr INCOME 5.4.25 5.4.24 Investment income Deposit acUnt wrterest 165,107 1.023 162,813 2,319 166,130 165,132 RAISING FUNDS Inveslmont management costs 5.4.25 5.4.24 Portfolio management 37,745 33,236 GRANTS PAYABLE 5.4.25 5.4.24 Grant making 176,592 275,451 The total grants paid to institutions during the year was as folkmfj: 5.4.25 5.4.24 British Red Cross Macmillian Oakhaven Trust Ltd Thomerfs Homes 44,148 44,148 44,148 44,148 68,862 68,863 68,863 68,863 178,592 275,451 SUPPORT COSTS Govemance costs Grant making 11,318 Support Costs, included in the above, are as follows: 5.4.25 Grant making 5.4.24 Total activilieg Accountancy fees Legal arKI professional fees 1,758 1,680 6,320 11,318 8,000 Page 7 continued...
THE 8RENDA VERA COOPER CHARITABLE WILL TRUST NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 5 APRIL 2026 TRUSTEES, REMUNERATION AND BENEFITS The were no trustees, remuneration or other benefits for the year ended 5 April 2025 nor for year ended S )ri12024. Payments to trustses and connected persons The following co¥ts of generating funds were paid during the year to organisalions wth a business connection wilh a trustee.. 5.4.25 5.4.24 Blake Morgan LLP legal and professional fees 9,560 6.230 Mr S G Trnheme arKI Ms H E Bunker are partnern at Blake Morgan LLP," Mrs J M WAltshire 18 a *al director at Blake Morgan LLP. Blake Morgan LLP charges fees on a ccxnmercial b8818. Trust exn$08 There were no trustees, 6xpense8 paid for the year ended 5 April 2025, nor for the year ended 5 April 2024. COMPARATIVES FOR THE STATEMEKf OF FINANCIAL ACTMTIES Unrestricted Endowm8nt fund fund Total funds INCOME AND ENDOWMENTS FROM Investment income 165,132 165,132 EXPENDITURE ON Raising funds 33,236 33,238 Charflablo actlvltles Grant makwig 275,451 8,000 283,451 Totsl 275,451 41,236 316,687 Net gains on inv&8trnents 67,004 67,004 NET INCOMEIIEXPENDITURE) 1110,319) 25,788 (84,551) RECONCIUATION OF FUNDS Total funds brought for4vard 215,252 4,376,155 4,591,407 TOTAL FUNDS CARRIED FORWARD 104,933 4,401,923 4,506,856 Page 8 continued...
THE BRENDA VERA COOPER CHARITABLE MLL TRUST NOTES TO THE HNANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2025 FIXED ASSEf INVESTMENTS Listed Investments MARKET VALUE At 6 April 2024 Drsposals Revaluatlons 4,460,504 (37,410) 39,384 At 5 April 2025 4,462,478 NET BOOKVALUE At 5 Aprll 2025 4,462,478 At 5 April 2024 4,460,504 5.4.25 5.4.24 £3,352,023 £3,116,686 £1.110,455 £1,343,818 Inveslmènls held within UK Investments held outside UK DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 5.4.25 5.4.24 Other debtors 5,333 6,458 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 5.4.25 5.4.24 Other creditors 2,180 3,390 11. ANALYSIS OF NET ASSEfs BETWEEN FUNDS 5.4.25 Total funds 5.4.24 Total funds Unrestricted End¢>•vment fund fund Investments Current assets Current liabilities 4,462,478 {68,054) (2,1801 4,462,478 26,417 (2,180) 4,460,504 49.742 (3,390) 94,471 94,471 4,392,244 4.486,715 4,5(E.856 Page 9 continued...
ThE BRENDA VERA COOPER CHARITABLE WILL TRUST NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED S APRIL 2025 12. MOVEMENT IN FUNDS movement in funds At 5.4.25 At 6.4.24 Unrestrlcted fund8 General fund 104,933 (10,462) 94,471 Endowment funds Brenda Vera Cooper Charitable Will Trust 4.401,923 19,679) 4,392,244 TOTAL FUNDS 4,506,856 120,1411 4.486,715 Net moveffent in funds. included in tha above are as follcvts.. Incorring R&SreaS resources expended Gains and Movement losses in funds Unrestrfcted funds General fijnd 186,130 (176,592) (10,4621 Endowmont funds Brenda Vera Cooper Charitable VV711 Trust 149,C133) 39.384 (9,679) TOTAL FUNDS 166,130 (225,655) 39,384 (20.141) Comparatlves for movement In funds movement in funds At 5.4.24 At 6.4.23 Unrestrfcted funds G8neral fund 215,252 1110,319) 104.933 Endowmont fvnds 8r6nda Verd Cooper Charitable Wll Trust 4,376,155 25,768 4,401,923 TOTAL FUNDS 4,591,407 (84,551) 4,506,856 Page 10 continued...
THE BRENDA VERA COOPER CHARITABLE WILL TRUST NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED S APRIL 2025 12. MOVEMENT IN FUNDS - contlnued Ccrtnparative n8t movement in funds, included in the above are as foltows.. Incoming Resources re8ourc88 expended Gains and Movement losses in funds Unrestrictsd fund8 General fund 165,132 1275,451) {110,319) Endowment funds Brenda Vera CcKJper Charitable Wll Trust (41,236) 67,004 25,768 TOTAL FUNDS 185,132 (318.687) 67,004 (84.551) 13. RELATED PARTY DISCLOSURES There were no related party transactions ts the year ended 5 April 2025. Page11