Charity Registered Number: 1182163 (England Wale5) BRABNFR.8 FOUNDATION CIO REPORT AND UNAUDITKD FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 APRIL 2022
BRABNERS FOUIYDATION CIO Index to Financial Statements For the period ended 30 Api'il 2022 Page Chai'ity Infonnation Triislees, Rcport Independent Exaininer's Report Statement of Finaii¢ial Activities Balance Sheet Notes to the Financial Stateinents 8- 15
BRABNERS FOUNDATION CIO Chai'ity Information For the period ended 30 April 2022 TRUSTEES: N Dickson R White - Chair L Nisbet H Morgan A Murphy REGISTERED OFFICE: Brabners LLP Horton House Exchange flags Liverpool L2 3YL CHARITY NUMBER: 1182163 REGISTERED NUMBER: CE016604 ACCOUNTANTS AND tNDFPF.NDF,NT EXALVIINERS: RSM UK Tax and Accounting Limited Chart¢red Accountants 5 Floor One City Place Queens Road Chcstcr CHI 3BQ
BRABNERS FOUNDATION CIO Trustee5' Repvrt For the period ended 30 April 2022 The Trustee5 subtnit tl)eir irport and unaudited financial statements for the period ended 30 April 2022. The fjnancial staten)ent5 have been piepared in accordance with the accounting policies Set out iii note I to the financial staten)ents and coinply with tl)e chai'ity's governing document, the Charities Act 2011, and Accounting and Reporting by Charitie5.' Statement of Reconimended Practice pplicable to charities preparsng theii. financial stateinent5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102). Legal and administrative infom)ation set out on page I fornis part of thi5 report. Trustees The Trustees, who served during the period and to the date of this report were.. N Dickson R White C Forshaw (Retii'ed 20 May 2022) L Nisbet H Moi'gan A Mui'pliy (Appointed 22 September 2022) Structure, CJovernaNee and Management The oi'ganisation is a Chcl1"itable Incorporated Oi'ganisation {CE016604), incorporated 011 21 February 2019 and registered as a chai'ity (1182163) on 21 February 2019. The company is govemed by a document of constitution. The day to day ti]nning otthe charity is managed by the trustees. Relgted Parties Bi3bners LLP is a related party of Brabners Foiindation CIO, 2 designated Inembers of Bi'abners LLP are also trL]Stees of the foundation. Recruittnent and AppointDient Tru5tec5 are appointed by a resolution of the tt'ustees passed at a special meeting. The minimum numbej. of tTUStees 15 3. All trustees are skilled to cany out their responsibilities however if any fuithei. training is identified it will be provided. Principal Objectives and Activitie5 of the Charity The charity's objectives at]d pi'inclpdl activiiies al'e for the benefit of tl)e public genei'ally, both in the United Kingdom and overseas. The object of the CIO is for the public beiiefit the advaneement of any exclusive charitable puip05es according to the law of England and Wales that the charity tsustees Inay in their ab501ute discretion detemiine fi'om time to tiine. The Foundation furthers it5 charitable purposes foi. the public benefit through ils grant-making policy. which aims to alleviate hai'dship in the ¢ominunities in which the Foundation operates. Tlie Foiindatioii conducts various fund-raising activities Wltl) which to genei'ate income, such a5 sponsojed events and challenges and i'affle5 atjd sales. Public Beiiefit The Trustees confinn that they have refeJTed to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity aims aiid objective5 and in planning fvture activities and setting the grant Inaking policy for the year.
BRABNERS FOUNDATION CIO Trustees, Report For the period ended 30 April 2022 Grant Makiiig Policy The Chai'ity has ¢stablished its grant making policy (o achieve its objects for the public benefit. Grants would be consid¢r¢d by the trustee5 to be made in the areas necessary. Grant5 are considered by the trustees on a case by case basis. Acliievements and Performaijce The charity perforined well during the year, with donation income broadly in line with prior year, but in¢ome from charitable events and activities increasing following the easing of COVID-19 related restrictions. The Foundation raised £44,743 in total, with events such as the annual Big Idea and Christmas activities continuing to raise significant amounts. The Summer Social event which was launched in the yeaT was a particular hEghlight, raising over £4,700. 1be charity also benefitted fi'om some signifjcant donations in the year, a5 well as r¢ceiving residual ¢lient balances frorn Brabners LLP. The charity paid out grants of £51,814 in the yeaT. Ten of these gratjts totalling £25,464 wei'e made in September 2021, with the remaining £26,350 awarded to a further 9 charities iji March 2022. The grants were awaiKied to a variety of charities in line with the objective of the Foundation of alleviatjllg hardship in th¢ communities the Foundation operates in. Nominations are considered on a case-by-case basis by the charity comniittee and Trustees such that amounts are awarded to each charity for a spe¢ifIc purpose. The range of initiatives suppoited in the yeai. span purchasing equipment for activities for thildren with learning difficulties, to promotiiig digital ski115 to young people, to helping provide support for homelessne55 and providing counselliiig and support to those at risk of suicide. grants made by Brabners Foundation have ensured that the objectives of tlie charity have been met. Financial Revieiv Resources expended exceeded incoming resources in the year by £15,599 (2021.. Net income £10,804). however this was due to the brought forward retained ndS balance being used to fvnd the first tranche of grants in the year. The Foundation closed with retained funds of £10,358 at the period end (2021.. £25,957). The Statement of Financial Activities is set out on page 6. Income is derived from fund-raising event5 and donations. The Trustees believe the charity has perfonned well in the yeai., with growth achieved in chai'itable activities and total income. Risk Manageinent The trustees have assessed the major risks to which the charity is exposed and are satisfied that Systems are in place to mitigate exposure to the major risks. Reserves Policy The trustees aim to maintain the level of free reserves at an appropriate level to ensure that th¢ expenditure of the charity may be covered. Flowever, the level of expenditure the chai'ity 15 exposed to is low and any shortfall in the level of reserves needed to pay for expenditure as and when it is due will be eovered by Brabners LLP. Trustees, Responsibilities The trustees are IEsponsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standard5 (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the trustees to prepare financial statements for ¢aoh financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources. including the income and expenditure, of the charity for thai period. In pr¢paring the5¢ financial statements, the trustees are required to.. seleci suitable accounting policies and then apply th¢m consistently. observe the methods and principles in the Charities SORP,. make judgments and estimates that are reasonable alld prudent., state whether applicable UK accounting Standards have been followed. subject to any material departures disclosed and explained in the financial statement5. and prepare the fanCIal slaiemenls on the goittg concern basis unless it is inappropriate to presume that the charitable company will continue in business.
BRABNERS FOUNDATION CIO Trustces, Report For the period ended 30 April 2022 Tlie trustees are IEsponsible for keeping proper accounting records that disclose with reasonable accuracy at any time tlie finaiicic11 position of the charity and enable them to ensuit that the financial statements coinply with the Charities Act 2011, the applicable Charities (Accounts and Report) regulations and the provisions of the governing docuinciit. Tliey al'e also iesponsible for safeguarding the a55els of the charity and hence for taking reasonable steps fi)r the prevention and detection of fraud and othei. irregularities. ON BEHALF OF THE BOARD hite Ti'ustee Date.. 1.3 /..123
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BRABNERS FOUNDATION CIO I repoit to the trustees on my examination of the financial statements of Brabners Foundation CIO {'the charity,) (or the period ended 30 Api'il 2022, which are Set out on pages 6 to 15. Responsibilities and basis of report As the trustees of the charity you ai"e responsible for the preparation of the financial statements in accordance with the requii"ements of the Chai'itie5 Act 2011 {'the 2011 Act,). I IEpoII in respect of Tny exan)ination of the chBrity'5 accounts Caled out under Section 145 of the 2011 Act and in carrying out my exainination I have followed all the applicable Directions given by the Chai'ity Comrnis5ion undeT section 145 (5)(b} of the 2011 Act. An independent examsnation does not involve gathering all the evidence that would be required in an audit and consequently doe5 not cover all the tnatteis that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited aSSUTance that an independent examination can provide. Consequently, l express no opinion as to whether the accounts present a 'tiue and fair view, and my report 15 limited to those specific rnatters set out in the independent examiner'5 Statement. Independent examiner's statement I hav¢ con]pleted Iny exainination. l confirm that no material matters have come to my attention in connection with the examination giving me reasonable 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 2011 Act- or the accounts do not a¢coi'd witli those re¢ords,' or the accounts do not cotnply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulatigns 2008 other than any requirement that the accounts give a 'true and fair view, which is not a matt¢r considered as part of an independent exainination. I have no concerns and have come across no other matters in connection with the exaTnination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Name.. John Guest Name of applicable listed body.. The Institute of Chartered Accountants in England and Wale5 Relevant professional qualification or rnembership of piK)fe5sional body.. FCA ON BEHALF OF RSM UK TAX AND ACCOUNTING LIMITED Cliailered Accountants Oiie City Place Queens Road Chestei. CHI 3BQ Date.. 14102123
BRABNERS FOUNDATION CIO Statement ofFinancial Activities (including Ineome and Expenditure Account) For the period ended 30 April 2022 30 April 2022 Total 30 April 2021 Total Unresti'icted fund5 Restricted funds Note INCOME Donations Incoine froin charitable aetivities 29,827 12,416 2,500 32.327 12,416 33,128 6,490 Total income 42,243 2.500 44,743 39,618 EXPEFIDITURE Charitable activities Cost of i'aising flinds 51,814 6,028 2,500 54.314 6.028 28,578 236 Total expenditure 57,842 2,500 60,342 28,814 Net (expenditure) l income before transfers (15,599) (15,599) 10,804 Ti'ansfer between funds Net movement in funds for the period (15.599) (15,599) 10,804 Reconciliation of funds: Fund balances b]llght fonvard Fund balances carried forward 25,957 10,358 25,957 10,358 15.153 25.957 The charity has no recognised gains or losses oih¢r than as statcd in th¢ Statcinent of Financial Activities. All income and expenditure derive from eoiitinuing activities.
Company number: CE016604 Charity number: 1182163 BRABNERS FOUNDATION CIO Balance Sheet as at 30 April 2022 2022 2022 2021 2021 Note Current A55ets Debtors Casl) at bank and in hand 10 1,395 8,963 27,950 Total current assets 10,358 27,957 Creditors: Amounts falling due within one yeai. (2,000) Net eurrent assets 10,358 25,957 Net assets 10,358 25,957 Charitable Funds Restrieled Funds Unrestricted Fuiids 12 12 10,358 25.957 Total Funds 10,358 25,957 The financial statements were approved by the Trustees and authorised for issue on 13 Feb]uary 2023 and were signed on their behalf by.. hite Trustee
BRABIYERS FOUNDATION CIO Trlote5 to tlie Financial St¥tement$ For the period ended 30 Apj-il 2022 Accounting Policies a) Statutory information Brabnei3 Foundation CIO is a cl)81'ilable incoiyoixted organisation registered witli tl)e Charity Coinmissioii in Eiigland & Wales. The registered office addi'ess is Brabners LLP. Horton Hoiise, Exchange FlaLlS, Liverpool, L2 3YL. b) Basis of pi'epai'ation Tlie financial stateinents have been pi'epaiEd under tlie historical cost convention witl) ileins I'ecognised at cost oi. transactioii valiie Linless otheiwise stated in tlie relevant notes to tl)e finan¢ial stateinei)ts. The financial statements are prepai'ed ii) sterling, whicli is tl)e fiinctional cui'rciicy of th¢ entity. Monetary amoiinls in these financial stateineiits are I'oiinded to the neai'est £. The financial statetnei)ts liave beeii pi'epared iii accordaiicc witli tl)¢ Statcment of Recommended Practice.. Accoiiiiting and Reporting by Charities.. preparing Iheii. accoiii)ts in accordance with tlie Fiiiaiicial Reporting Staiidai'd application iii tlic UK aiid R¢piiblic of Ii'eland (FRS 102) issiied in Oclobei. 2019 aiid th¢ Finaiicial R¢portiiig Siandai'd applicabl¢ ii) Il)e United Kiiigdoiii and Repiiblic of Irelaiid (FRS 102) and tlie Cliai'ities Act 2011 and UK Generally Accepted Practice a5 It applics from l Jai)uary 2015. The finai)¢ial slateinents liave been prepared to give a 'ti'iie and fail view and have departed from tlie Chai'ities (Accoiiiits and Reports) Regulatioi)s 2008 only to tlie exteiit i'eqiiii'ed to piDvide a 'triie and fair view,. This departiire has involved following Aecoiinting and Reporting by Cl)ai'ities preparing tlieir accoiints in accordai)ce witl) tl)e Fiiiaiicial Repoiting Standard applicable in tlie UK and Republic of Ii'elaiid (FRS 102) issiied in October 2019 rather than the Accoiiiitiiig aiid Reporting by Charities.. Statement of Recommeiided Practice effective from l April 2005 wliich lias since beeii withdi'awn. Tlie Charity has taken advantage of the provisions in the SORP for Chai'ities applying FRS 102 Update Biilleliii I iiot to pi'epai'e a Stateineiit of Casli F,lows. The Chai'ity coiistilutes a public benefit entity as defined by FRS 102. c) Going ¢vncern basis Tlie Triiste¢s have reasonable expectation tliat tlie charity has lldeqiiate resoiirces to continiie in operational exisleiice for tlie foi'eseeable fLItLire witli i)0 Inalerial iincei'tainties conceii)ii)g this ability to continiie. lience th¢ Triist¢es have adopted the going concern basis iii pi'epariiig the finaneial statenients. d) Income All income is recogi)ised once the cl)arity lias ei)titleineiit to the incoine, it is piDbable tliat tl)c in¢ome will be received. and the ainounl of incoine I'eceivable can be Ineasured reliably.
BRABNERS FOUTrIDATION CIO Notes to the Financial Statements For the period ended 30 Apilll 2022 Accounting Policies- continued e) Donations in kind Donated services are included in incoming resources when the benefit to the charity is reasonably quantifiable and measurable. T]iey are valued by the trustee at the amount the charity would have been willing to pay foi. the service on the open market. Expcnditure Liabilities are recognised as expendittire as soon as there is a legal or constructive obligation cominittii)g the charity to that expeiiditure, it is probable that settlement will be required, and the amount of the obligation can be measiired reliably. All expenditure is accounted foron an acci'ual's basis, inclusive of any VAT which cannot be i'ecovered. All expense5 11)cluding suppoit costs and governan¢¢ costs are allocated or apportioned to the applicable expenditiire headings. Giants payable al'e payments made to thii'd parties in the furtliei'aiice of the charitabl¢ objcctives of the Charity. Gi'ants are accounted for when eiihei. the I'ecipienÉ has a &sonable expectation that they will receive a grant and the ttwstees have agreed to pay the grant witliout condition, or the I'ecipient has a reasonable expectation that they will receive a grant and any condition attaching to the grant is outside of the contml of the Charity- Gov¢rnance costs are related to the governance of the charity. such as accountancy and independent exainination fees. Fuild accountiilg Funds held by the charity are either.. Unrestricted funds which can be used in accordance with the chai'ilable objectives at the discretion of the tnistees; Restricted funds wliich can only be used foi. a paiticularrcsti'ictcd purwse within the Charitable objectives. h) Financial instruments The Chai'ity has elected to apply the provisions of Section I I 'Basic Financial Instruments. and S¢¢lion 12 '0ih¢i' Financial Insti'uments Issiies, of FRS 102, in full, to all of its finaiicial instruments. Financial assets and financial liabilitics arc recognised when the Chai'ity becomes a party to the contractual provisions of the instrument and are offs¢l only when the Charity currently has a legally enforceable l'ight to set off the I'ecognised atnounls and intends either to settle on a net basis. or to realise the asset and scttlc th¢ liability simultaneously. i) FinAneial assets Other debtors which are receivable within one year and which do not constitute a financing transaction are initially measiired at the transaction price and subsequently tlleasured at amortised cost, being the transaction price less any amounts scttlcd and any itnpairment losses. j) Financial liabilities Finaiicial instruments are classified as liabilities according to the substance of the contractual arrangements entered into. Trade and other creditors payable within onc year that do not constitute a financing transaction are initially measured at the transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.
BRABNERS FOUNDATION CIO Notes to the Finaneial Statements For the peillo(l ended 30 April 2022 Accounting Policies- continued li) Contingent liabilities A coi)lingent liability is identified and disclosed for those graiits resulting fiom.. a possible obligation wl)icl) will oiily bc coiifii'[n by tlic occiiri'ciicc of oiic or Inoi'¢ iinc¢itaiii futuir eveiils not wholly within the triistees, control,. or a present obligation following a w'aiit offer where settlement is either not coi)gid¢itd probablc; oi. th¢ ainoiint ha5 not bccn coininiinicatcd in the grant offer aiid that amouiit cannot be estiinated irliably. l) Ci'itieal aecounting estimates and judgements The ti'uslees believe that estiinates and assumptions do not have a significant I'isk of caiisiiig a material diffei'ence to the c81'rying amoiints of assets ai)d liabilities witliin the next financial yeai.. Donations Unrestricted Restricted Total 2022 Total 2021 Donations Donations in kiiid 29,827 29,827 2,500 29,553 3,575 2,500 29,827 2,500 32,327 33,128 Income from charitable activities Total 2022 Total 2021 Fundi'aising 12,416 6,490 12,416 6.490 The total income received f1M charitable activities of £12,416 (2021 .. £6,490) was chai-ged to unrestricted funds. Charitable Activities Total 2022 Total 2021 Gi'ants to institutions (note 7) Govemance costs 51,814 2,500 25,003 3,575 54,314 28,578 Of the total expenditure on chai'itable activities of £54.314 (2021.. £28,578), £51,814 (2021.. £25,003) was charged to unresti'icted funds and £2,500 (2021.. £3,575) was charged lo Irstricted fiinds. io
BRABNERS FOUNDATION CIO Notes to the Financial Statements For the pei'iod ended 30 April 2022 Governance costs Total 2022 Total 2021 Accoiintancy Independent exam 1,000 2,575 2,500 2,500 3,575 The total govei'nance costs of £2,500 was charged to restricted funds {2021: £3,575). Cost ol raising funds Total 2022 Total 2021 Fundraising events 6,028 236 6,028 236 The total cost of raising funds of £6,028 was chai'ged to unrestricted funds (2021.. £236).
BRABNERS FOUNDATION CIO Notes to the Financial Statements For the period ended 30 April 2022 Grants to institutlolls Total 2022 Total 2021 Petty Pool Beacoii Couiiselliiig Trust Place2Be The Girls, Network Pai'kinsoii's UK Giiide Dogs School Home Suppoit Recycling Lives Chai'ity North Wesl Air Ambulaiice Three Dads Walkiiig / Papyriis Kids Konnecl Lifelites Seashell Trust Maitiii Gallici. Projcot The Children's Adventiire Faiin Ti'ust (CAFD T]ie Youtli Fedei'ation Motor NeLirone Disease Association T])e Hive Yoiith Zone Maggie's Foi'ever Manchester Access to Justice Liverpool City Region Cai'es MICAH EMMAUS KIND Ci'isis UK Hoinebaked Ai)field Little Princess Ti'LlSt Give a Diick Early Break Re-engage For Ava Fei'i'ies Fainily Group Darby Riininei. Foiii)dation Liverpool cares Marie Ciirie 4,964 5,000 2,500 2,250 500 1,000 5,000 3,000 4,600 2,500 2,500 1,000 3,000 1,000 5,000 5,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 I,ooo 1,000 1,000 1.000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 1,003 1,000 51,814 25,003 12
BRABNERS FOUNDATION CIO Notes to the Finaneial Statements For ihe period elided 30 April 2022 Total resources expended No staff are employed by the Charity and no employees re¢eivcd employee benefits of moi'c tlian £60,000. The Trustees received no remuneration and were not I'eimbursed for any expeiises. Taxation The Chai'ity is exempt from tax on income and gains falling within Part I l of the Corporation Taxes Act 2010 or section 256 of the Taxation of Charitable Gains Act 1992 to the extent that these are applied to its charitable objects. io Debtors Total 2022 Total 2021 Ainounls due from Brabners LLP Other debtors 1,390 1,395 li Creditors Total 2022 Total 2021 Grants p8yable 2,000 2,000 13
BRABNERS FOUNDATION CIO Notes to the Fiiiai)cial Statements For tlie period ended 30 April 2022 12 Analysi5 of fui)d5 B#li)nce at Imay 2021 Income Expenditure Transfers Balance at 30 April 2022 Uni'estricted Fund5 Resti'icted Fiinds 25,957 42,243 2,500 (57,842) (2,500) 10.358 Total Fiinds 25,957 44.743 (60,342) 10,358 Balance at Imay 202U Irjcome Expenditure Transfers Balance at 30 April 2021 Uni'esli'ictcd Fiinds Rcsli'ictcd Fiinds 15,153 36,043 3.575 (25,239) (3,575) 25.957 Total Fiinds 15,153 39,618 (28,814) 25,957 13 Analysis of net assets between funds Unrestricted Restricted Funds Funds Total 2022 Debtors 1,395 8,963 1,395 8,963 Cash in bai)k and iii haiid Creditors Total FLinds 10.358 10,358 Unrestricted Restricted Funds Total 202J Debtoi's Cash in bank and in hand 27,950 27.950 Ci'editors 2,000 2.000 Total Funds 25,957 25,957 14
BRABNERS FOUNDATION CIO Notes to the Financial Statewneiits For the pertod ended 30 April 2022 14 Donations in kind Brabners LLP donated staff time to help set up and run the adininistration and fiiiance fiinction of the charity throughout thc year. The amount of this donation in kind cannot be quantified. Bi'abn¢rs LLP also paid for the independeiit exainination fees for the eharity but cxpected no payment fiDtn the Charity for these. Detail of this transa¢tion can be seen in note 2 and note 5. 15 Related Party Transa¢tions Brabners LLP is a related party ot Brabners Foundation CIO, 2 designated members of Brabn¢rs LLP are also trustees of the foundation. Brabners LLP held some income and paid soine expenses on behalf of th¢ Charity in the year. An amount of £1,390 (2021= £7) was outstanding at the p¢riod end and was included within debtors and was transfenrd over to the chai'ity bank account aftei. year end. Donations in kind of £2,500 (2021.. £3,575) for donated s¢rvic¢5 al'e included in incotning resoui'¢cs. These relate to independent exam fees paid on behalf of the eharity. Donations of £Nil (2021.. £1,000} were made by the LLP to the charity in the year as a contribution to Foundation activities and are included in in¢oming resoiirces. 16 Contingent Liability The Brabners Foiindation CIO understands that in order to receive donations from untraced or doi'mant account client funds the charity must provide Brabners LLP with indemnity that should tlie entitled legal owners of the money make contact willi the firm or be traced by the fim) thcn The Brabnei's Fouiidation will satisfy any legitimate claim put fon¥ard on behalf of the ¢lient by the firm. This conlract was signed by the Trustees on 21 March 2021. 15