Charity number.. 1182462 THE DU BROW CHARITY UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
THE DU BROW CHARITY CONTENTS Page Rgf8r8n¢o and Admlnlstrative Details of the Charlty, its Trustees and Advisers Trustees. Report Indgp&ndent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 8-14
THE DU BROW CHARITY REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Trustee5 Benjamin Du Brow Claire Gomley Jane Du Brow Sophia Harrold Charity reglsterod numbar 1182462 Principal office Framingham Collage Fox Road Framingham Pigol Nonmich NR14 7PZ Accountants MA Partners LLP Chartered Accountants & Stalulory Auditors 7 The CIDse Norwich Norfolk NR14DJ Page 1
THE DU BROW CHARITY TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annLJ81 report together with the financial stalerllenls of the Charitable Incorporated Organisalion I'lhe charily'l for the year 1 April 2023 10 31 March 2024. The Annual Report serves the purposes of both a Trustees. report and a Directors. report under company law. The Trustees confirm that the Annual Report and financial statements of the charity comply with tho current slatulory requirements, the requirements of the charity's governing document and the provisions ol the Slalement of Recommended Practice ISORPI applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 leffe¢live 1 January 20191. Objectives and acllvltles Pollcles and obJe¢tlves The charity's principal activity is lo make grants to individuals and organisab'ons. In setting objectives and planning for activities, the Trustees have given due consideration lo gentsral guidance published by the Charity Commission relating lo public benefit, including the guidance 'Publi¢ benefit.. running a charlly IPB21'. Achievomgnts and performance a. Main achievements of tho Charity During the year the charity made grants lolalling £149,000. Financial review a. Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existenc& for the foreseeable future. For this reason, they continu8 10 adopt Ihtr going concern basis in preparing th& financial stalemenls. b. Reserve$ pollcy The Trustees have not sel 8 reserves policy bul monitor reserves when assessing grant awards. As a131 March 2024 the charity had free reserves of £356.239. Principal risks and uncertaintles The Trustees have Considered the major risks that the charity may face and are satisfied that systems are in place lo miligale exposure to these risks. Page 2
THE DU BROW CHARITY TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Structure, govarnance and management Con5titutlon The Du Brow Chaty is a registered charity, number 1182462. and is consliluled under a Trust deed. b. Methods of appointment or election of Trustees The management of the charity is the responsibility of the Trusleos who are elected and co-opted under the lerrns of the Trust deed. Statement of Trustees. responsibilities The Trusl8es are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and Un((ed Kingdom AOntIng Standards (United Kingdom Generally Accepted Accounting Praclicel. The law applicable to charities in England & Wales requires the Ttuslees lo prepare financial slalements for each financial year which give a Irue and fair view of the slate of affairs of the Charity and of ils incoming resources and application of resources, including its inctsme and expenditure, for that Period. In preparing these financial statements, the Trustees are required to.. select suitable accounting poli¢ies and then apply them consislenlly.. observe the methods and principles of the Charities SORP IFRS 1021., make judgments and accounting estiTllales that are reasonable and prudent.. stale whether applicable UK Accounting Standards IFRS 1021 have been followed. subject ID any material departures disclosed and explained in the financia1 slalements., prepare the financial statements on the going Concern basis unless it is inappropriate lo presume that the charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain the ¢harity's transactions and disclose with reasonable accuracy at any lime the financial position of the ¢harily and enable them lo ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Rtsportsl Regulations 2008 and the provisions of the Trust deed. They are also responsible lor safeguarding the assets of the charity and honco for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved b order of the members of th$ board of Trustees and signed on their behalf by-. BenlaTnin Du Brow Date- Page 3
THE DU BROW CHARITY INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 Independent Examlner's Report to thè Trustees of The Du Brow Charity I'the charity'l I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 March 2024. Responslbllitles and Basls of Report As the Trustee5 of the charity you are responsible for the preparation of the accounts in accordance with the requirements ol the Charities Act 20111'lhe 2011 Acl'l. I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carying out my examination I have followed the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Indèpendent Exarniner'5 Staternent Your attgntion is drawn lo the fact that the charity has prepared the accounts in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice appli¢able ID charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to th& A¢counting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2005 which is referred lo in the extant regulations but has been withdrawn. l understand that this has been done in order for the accounts lo provide a true and lair view in ac¢ordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirrn that no mallers have come lo my attention in connection with the examinalion giving me cause lo 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 accord with those records., or the accounts do not comply with the applicable requirements conceming the form and conlenl of accounts set out in the Charities (Accounts and Reportsl Regulations 2008 other than any requirement that the accounts give a 'lrue and fair, viow which is not a maller considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the exarninalion to which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. Page 4
THE DU BROW CHARITY INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 This report is made solely lo the charity's Trusteès, as a body. in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might slate lo the charity's Trustees those rnallers l am reqLJired lo stsle to Iherll in an Independent Examiner's Report and for no other purpose. To the fullest extent peTmltled by law, I do not accept or assume responsibility lo anyone other than the Gharily and the charity's Trustees as a body, for my work Dr for this report. Signed: Dated.. 11 J&d ££ Alice Lynch BS¢ FCA DChA MA Partners LLP Chartered Accounlanls 7 The Close Norwich Norfolk NR14DJ Pag6 5
THE DU BROW CHARITY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted funds 2024 Total funds 2024 Total funds 2023 Note Income from.. Donations and legacies Investments 200.445 3,169 121 200.445 3.169 121 125.074 Other income Total income 203,735 203,735 125,074 Expendlture on: Charitable activities 150,943 150.943 127, 143 Total expenditure 150,943 150,943 127. 143 Net movement in funds 52,792 52,792 (2.Q69) Reconciliation of funds.. Total funds brought fotward Net movement In funds 303,447 52,792 303,447 52,792 305,516 (2,069) Total funds carri&d fOard 356,239 356,239 303,447 The Statement of Financial Activities includes all gains and losses recognised in thg year. The notes on pages 8 10 14 form part of these financlal slalements. Page 6
THE DU BROW CHARITY BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note cuent assets Debtors 10 40,841 316,298 25,000 278,867 Cash at bank and in hand 357,139 303,867 Creditors.. amounts falling due within one year 19001 (420) Net current assets 356,239 303,447 Total net assets 356,239 303,447 Charity funds Unrestricted funds 12 356,239 303,447 Total funds 356,239 303,447 The fina lemenls were approved and authorised for issue by the Trustees and signed on their behalf by.. Benjamin Du Brow Dalg.. The notes on pages 8 to 14 form part of these financial stalemenls. Page 7
THE DU BROW CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 General Infoation The Du Brow Charity, registered charity number 118246, is a UK registered Charitable Incorporated Organisalion. The registered address is Framingham Cottaga, Fox Road, Framingham Pigol, Norwqch NR14 7PZ. The charity's principal activity is lo make grants to individuals and organisalions. Accounting policies 2.1 Basi5 of preparatlon of finanelal statements The financial slalements have been prepared in accordance with the Charili&s SORP IFRS 1021 Accounting and Reporting by Charities.. Statement ot Re¢ommended Practic& applicable to ¢harilies preparing their accounts in accordan¢e with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. The financial statements have been prepared lo give a 'lrue and fair, view and have departed from the Charities (Accounts and Reports) Regulations 2008 only lo the extent r&quired lo provide a 'lrue and fair, view. This departure has involved following the Charities SORP IFRS 1021 published in October 2019 rather than the Accounting and Reporting by Charities.. Slalemenl of Recommended Practice effective from 1 April 2005 which has since been withdmwn. The Du Brow Charity rneels the definition of a public benefit enlily under FRS 102. Assets and liabilities are initially recognised al historical cost or transaction value unless otherwise stsled in the relevant a¢¢ounling policy. 2.2 Income All income is recognised once the charity has enlitlemenl lo the income, il Is Probable that the income will be received and the amount of income ra¢eivable can be measured reliably. Income tax recoverable in relation lo donations received under Gift Aid or deeds of covenant is recognised at the tlme of the donation. 2.3 Expendlture Expenditure is recognised once there is a legal or conslruclive obligation to transfer economic benefit lo a third party, it is probable that a transfer of trconomic benefits will be required in selllemenl and the amount of the obligation can be measured reliably. Expenditure on charitable activities is incurred on directly undertaking the activities which furthér the charity's objeclivgs, as well as any associated support costs. All expenditure is inclusive of irrecoverabl& VAT. 2.4 Interest rec&lvable Interèst on funds held on deposit is included when receivable and the amount can be measured reliably by the charity., this is normally upon nolificalion of th6 interest paid or payable by the institution with whom the funds are deposited. Page 8
THE DU BROW CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policles Icontlnuedl 2.5 Debtors Trade and other debtors are recognised al the selllemenl amount after any trade discount offered. Prepaymtrnls are valued al the amount prepaid nel of any trade discounts due. 2.6 Cash at bank and In hand Cash al bank and in hand includes cash 8nd short-lerm highly liquid investments with a short rnalurily of three months or les5 from the dale of acquisition or opening of the dèposit or similar account. 2.7 Llabllltles and provisions Liabilities are recognised when there is an obligation at the Balance Sheet dale as a result of a past event. it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised al the amount that the charity anlicipales il will pay lo settle the debt or the amount it has received as advanced payments for the goods or services it musl provide. 2.8 Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial inslrumenls. Basic finan¢i¥l inslrurnenls are initially recognised al transaction value and subsequently measured at their settlement value. 2.9 Fund accounting General funds are unreslricled funds which are available for us& al the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Investment income, gains and losses are allocated lo the appropriate fund. Page 9
THE DU BROW CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Income from donations and legacies Unrestricted fund5 2024 Total funds 2024 Total funds 2023 Donations Gift Aid 160,000 40,445 160,000 40,445 100,000 25,074 Totsl 2024 200,445 200,445 125,074 Total 2023 125,074 725,074 Investment Income Unrestricted funds 2024 Total funds 2024 Total funds 2Q23 Investment income 3,169 3,169 Other incoming resources Unrestrlcted funds 2024 Total funds 2024 Other income 121 121 Page 10
THE DU BROW CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysis of expendlture by actlvities Activllles undertaken directly 2024 Support costs 2024 Total funds 2024 Total runds 2023 Grants payable Administrative costs 149,000 149,000 1.943 126,000 1,143 1,943 Total 2024 149,000 1,943 150,943 127, 143 Total 2023 126,000 1, 143 727, 143 Grants payable Recipient Grant awardod Age UK Norfolk Blind Veterans UK Bone Canr Rosearch Dementia UK Framingham Pigol Church Gresham Foundation £5,000.00 £5,000.00 £2.500.00 £3,500.00 £75,000.00 £10,000.00 Fi Marie Curie Corporation Meath Epilepsy Charity Norfolk Scouts Peter Bailey Prlscilla Bacon Hospice Royal British Legion Smile Train UK Support Dogs UK Victoria's Prornise £5,000.00 £1,000.00 £500.00 £500.00 £10,000.00 £5,000.00 £21,000.00 £2,500.00 £2,500.00 Independent examlnerfs remun&ratlon 2024 2023 Fees payable lo the charity's independent examlner for the independent examination of the charity's annual accounts Fees payable lo th6 Charity's independent examiner in respect of.. All other services not included above 900 420 972 654 Page11
THE DU BROW CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Trustees. remuneration and expenses Durlng the year. no Trustees received any rernuneration or other benefits (2023- £NIL). During the year ended 31 March 2024, no Trustee expenses have been incurred (2023- £NILJ. 10. Debtors 2024 2023 Due wlthln one year Gift Aid recoverable Prepayments and accrued income 40,000 841 25,000 40,841 25,000 11. Creditors.. Amounts falllng due withln one year 2024 2023 Accruals and deferred income 900 420 Page 12
THE DU BROW CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12. Ststement offund5 Statement of funds - Current year Balance at 31 March 2024 Balance at 1 April 2023 Income Expenditure Unrestricted funds General funds 303,447 203.735 1150.943} 356,239 Statement of funds - prior year Balance al 31 March 2023 Balance at l April 2022 Income Expenditure Unre$tri¢ted funds General funds 305,516 125,074 (127, 143) 303,447 13. Analy515 of net assets b&twè¢n funds Analy$i$ of net assets between funds - currant porlod Unrestricted funds 2024 Total funds 2024 Current assets 357,139 (9001 357,139 19001 Creditors due within one year Total 356,239 356,239 Page 13
THE DU BROW CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 13. Analysis of net assets between funds Icontlnuedl Analy$ls of net assets between fund5 - prior period Unrestricted funds 2023 Total funds 2023 Current assets Creditors due within one year 303,867 (420) 303,867 (420) Total 303,447 303,447 14. Related party transactions During the year Benjamin Du Brow, a Trustee, donated £150,UOO lo the charity and Jane Du Brow, also a Trustee, donated £10,000 lo the charity. During the year a grant of £10,000 was made lo The Gresham's Foundation, a ¢harily of which Benjamin Du Brow is also a Trustee. Page 14