Charity number: 1182462 THE DU BROW CHARITY UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE DU BROW CHARITY CONTENTS Page Reference and Admlnlstratlve Detslls of thg Charity. Its Trusteès and Advlsers Trustees, Report Independgnt Exarnlner's Report Statement of Flnancial A¢llvltig$ Balance Sheèt Notes to the Flnanclal Statements 8-14
THE DU BROW CHARITY REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARrrY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 Trustees Benjamin Du Brow Claire Gorml8y Jane Ou Brow Sophia Harrold Charity reglstered numbor 1182462 Principal offlce Framingham Cottage Fox Rc>ad Framingham Pigol Norwich NR14 7PZ Accountants MA Partners LLP Chartered Ac(x)unlants & Ststutory Auditors 7 The Close Norw¢h Norfolk NR14DJ Page 1
THE DU BROW CHARITY TRUSTEES, REPORT FOR THEYEAR ENDED 31 MARCH 2025 The Ttuslees present their annual report toGether with te financial statements of the Charftsble Incorporated Organisalion (the charit1} for the year 1 April 2024 10 31 March 2025. The Annual Report serves the purposes of both a Trusteès, report and a Directors, report under company law. The Trustees confirm that tho Annual Report and flnanclal statements of tha charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice ISORPI appllcable to charities preparing their accour.ls in arrnrdance wlh the FInanal Reporting Standard applicable in the UK anLI Republic of Ireland IFRS1021 leffective 1 Janu8ry 2019)- Obloctlves and activities a. Pollcles and objectlves The charivs principal adlvily is to make gran15 to individuals and organisations. In setting objèctives and plannlng for activtti8s. the Trustees have given due conslderation to generdl guidance publlshed by the Charity Commission relab'ng lo public benefit, including the guidancg'Public benefit.. running 8 charity IPB2}'. Achievements and portorniance a. Maln achievements of the charity During the year the charty made grants totalling £48.565. Financlal review a. Golng concern After maklng appropriate enquiries, the TTuslees have a reasonable expec181ion that the charity h88 adèquate resourcès lo continue in operational existence lor the foreseeable future. For thls reason, they continue to adopt Ine going concem basis in prepanng the financial statements. b. Re5eNes pollcy The Trustees have not set a reserves Policy but monitor reseNe5 when assessing grant awards. As a131 March 2025 the charity had free reserves of £502,377. . Principal rlsks and uncertainties The Twstees have consldered the major risks that the charity may face and are satisfied that systems are in place lo mitigate exposure to these risks. Page 2
THE DU BROW CHARrrY TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 structure> governance an(J managgment a. Constitullon The Du Brow Chaty is a registered chartty. number 1182462, and is constiluled under a Trust daed. b. Methods of appolntment or olection of TrU99S The menagemenl of the charity Is the responsibility of the TTUSlees vtho are elected and co-opted under thg terms of the Trust deed. Statgment ot Trustees. responslbllitios The Trustees arg responsible for preparing the Tnjsteos, Report and Ihe financial st818m8nts in accordance with applicable law and Un(ted Kingdom Aceounting Standards (United KÉngdom Gengrally Accopted Accounting Practice). The law applicable to ¢h8rities in England & Wales requires the Trustees to prepare financial statements for each flnancial year which glve a true and fair view of lkne stale of affairs of the charlly and of its incoming resources and application of reSous, including its income and oxpenditure. for that period. In preparing the86 financial statements, the Trustees are required to.. $61ect suilablo accourbting policies and then appty them consistenlly; observe the methods and principlgs of Ihe Chariti8s SORP IFRS 1021., make judgrnents and a¢counling estima'.es that aro reasoyable and prud8nt", slate whether applicable UK Accounling Stsndards {FRS 1021 have been followed, subject to any material departures disclosed and explained in Ine financial ststemenls., prepare the financlal statements on the going concgrn basis unless tt is inappropri81e to presumè that the chaTtty will continue in business. The Trustees are responslble for keeping adequate accounting records that are sufficient 10 Show and explaln the charitys transactions and dSsGIDse with reasonable accuracy at any time the finanGial posltlon of the charity and enable them lo ensure that the financial statements comply with the Charitiés Act 2011, the Charity (Accounts and Reports) Rogulab'ons 2008 and the provisions of the Trust deed. They are also responsible for safeguarding Ihe assets of the charity and hence for tang reasonable steps lor the prevention and dele¢lion of fraud end other irrggulari'.ies. Approved by order of the members of the board of Trustees and signed on their behalf by.. 4(rO 4L- BenJamin Du Brow Dale.. Page 3
THE DU BROW CHARI INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 Indèpendent Examlner's Report to the Trustees of The Du Brow Charlty (Yhe chartty'i I rèport lo the chadty Trustees on my examination of the accounts of th8 charity for the yea¥ 8nded 31 March 2025. Responsibllities and Basls of Report A5 the Twslees of the charity you are restx)nsible for the preparation of the accounts In accordance wlth the r8quirements ol the Charities Act 2011 I'the 2011 Act.). I report rospecl of my exarnination of the ¢hariWs accounts cartied out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Dir6dions given by the Charity Comrnlssion under seCtn 14515llbl of the 2011 Act. Indèpendent Examlner's Ststement Your attention is drawn lo the fact that the charity has prepared th8 accounts in accordance wth AcGounling and Rgporting by Ghariues: Statement of Recommended Practice applicable to charities preparlng Ih&ir accounts in accordance with tho Finan1 Reporting Standard app.'Icable in the UK and Fiepubllc of Ireland IFRS 1021 in preferenco to the Accounting and RepoTling by Charities= Statement of Rècommended Practice Sssued on 1 April 2005 which is referred to in Ihe extant regtJlation5 bul has been wthdrawn. l understand that this has beèn done in orderfor the accounts lo provide a Irue and fair view in accordance with the Generally Accepted Accounting Practice effecuve for reporting periods beglnning on or after 1 January 2015. I have completed my examination. I confirm that no rnatteT5 have come to my allent,'on In connection with the exarninalion giving me causg lo believe that in any malerial respect- accounting records were not kept in respeci of the tharity as required by section 130 of the 2011 Act. or the accounts do not accord wtth those records., or the accounts do not comply with the applic8ble requiremenls concerning the foTnl and content ol accounts sel out in the Charities {Accounls and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view 1¢h is not a matter considered as part of an independ9nl examinallon. I have no concerns and have come a(m55 no other matters in connection wilh the examination lo which attention should be drdwfb In this report in order to enable a proper understanding of the accounts lo b6 reached. Page 4
THE DU BROW CHARrrY INDEPENDEprr EXAMINER'S REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 This roport is made solely lo the charty's Trustees, as a body. in accordance with Part 4 of t.8 Charities (Aecounts and Reports) Regulations 2008. My work ha5 been undertaken so that I might stale ID the charlty's rruslees those rnatters l requlrod lo stste lo thern in an Independent Examinerfs Report and for no other purF)ose. To the fullest extent permitted by law, I do not acceFI or assume responsiblllty tr) anyone other than the charlty and the tharity's Trustees as 8 body, for my work or for this report. Signed: Dated= IA a2£ Alice Lynch Bsc FCA DChA MA Partners LLP Ghartered Accountants 7 The Close Norwich Norfolk NR14DJ Page 5
THE DU BROW CHARITY STATEMENT OF FINANCIAL ACTivrriES FOR THE YEAR ENDED 31 MARCH 2025 Unrestrlcted funds 2025 Total funds 2025 Total funcls 2024 Noto Income from: Donations and legacies Inv6slments Other Income 187.500 8.852 187.500 8.852 2QO,445 3,769 121 Total Incoma 196,352 196.352 203, 735 Exp&ndltur8 on: Charitable activities 50.214 50,214 150,943 Total expenditure 50214 50,214 150,943 Net mov8ment In funds 146,138 146,138 52, 792 ReconcSllatSon of funds: Total funds brought forward Net movement in funds 356.239 146,138 356,239 146,138 3Q3,447 52,792 Total funds carrled fopward 502,377 502.377 356,239 The Slalemgnt of Financial Activities indudes all gains and losses recognlsed in the year. The notes on pagfjs 8 to 14 fonn part of these financial statements. Page 6
THE DU BROW CHARrrY BALANCE SHE AS AT 31 MARCH 2025 2025 2024 Note Investments 10 100.000 100,000 Current as5etS Debtors Cash at bank and In han 38,028 365,585 40,841 316,298 403,613 357,139 Current Ilablllties Cr¢dllors.' amounts falling due within one yaar 12 (1.236} (900) Net currgnt assets 402,377 356,239 Total net assets 5D2,377 356.239 Charity fund5 Unrestricted funds 13 502,377 356,239 Total funds 502.377 356,239 The financial stelements were approved and authorised for issue by the Trustees and signed on thgir b&half by.. Benjamln Du Brow Date.. f. The notes on pages 8 to 14 form part of these financlal statements. Page 7
THE DU BROW CHARrr NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 General informatlon The Du Brow Chartty, reg5stered charity number 118246, 15 a UK registered Charthble Incorporated Organisatlon. The registered address is Framingham Cottage. Fox Road, Framingham Pigol, NorwiGh NR14 7PZ. The charity's principal aGllwty is to make granis to indmduals and organisations. Accountlng poli¢l&s 2.1 Basls ol preparalion of financlal 5tstsments Th8 financial statements have béen prepared in accordance with the Chadties SORP IFRS 1021- Accounting and Reporting by Charities.. Statement of Rewmmended Practice applicable to charities preparing their accounts in acwrdance the Financial Reporh"ng Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191. the Financi21 Reportlng Standard appllcable the UK and Republic of Ireland {FRS 10218nd the Charilles Act 2011. The financial statements have been prepared to give a 'lTU8 and fai¢ vlew and have departed from the Charities (Accounts and Reports) Regui31iDns 2008 only lo the extent required to provide a 'true and fairf view. Thls departure ha8 involved lollowing the Charities SORP IFRS 1 D21 publlshed in October 2019 rather than the Accoun:Ing and ReporUng by Charities.. Statement of Recommends Pmctice effeGtlve from 1 April 2005 which has since been wtihdrawn. The Du Brow Charity meets the defjnilion of a public benefrt entity under FRS 102. Assets and liabilities are initially recognised al historical cost or tiansaction value unless othsrwise staled in th relevant accounting policy. 2.2 Income All income is recognised once the charity has entitlement to th8 income. it is probable that the income will be received and the amount of ino)me receivable can be measured reliably. Income tax recoverable in relation to donations received under Gitl Aid or deads of covenant is reGognlsed at the Ime of the donauon. Income lax recoverable In relation to investment income is recognis8d al the lime the investmonl incomg is recefvable. Other Income is recognised in the period in which it is receivable and lo the extent the goods have been provided or on completion of the sorvice. 2.3 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, tt is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation (8n be measured reliably. Expenditure on charitable activities is incurred on direcuy undertaklng the acliv.'ties which further the chadtvs objectives. as well as any associalod support Costs. All oxpendtiure is indusNe of irrecoverable VAT. Page 8
THE DU BROW CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 MARCH 2025 A¢counting pollcle5 (contlnued) 2.4 Intèrost reeoivabl8 Inter8St on funds held on deposf( is Included when recewable and the amount can be measured reliably by the charity., this is normally upon nolifcation of the intergst paid or payable by th institution wth whom thg funds are dep¢)sit8(1. 2.5 Investments Flxed asset investment5 aro a fomi of finanual instrument and are initially recognlsed at thelr transaction cost and subsequendy measured al fair value al tt)e Balance Sheet dale, unless the value nll0t be measured reliably in which case il is measured al cost less impairment. Investment gains and losses. whether realised or unrealised. are comblned and presented as 'GainsJlLossesl on investments, in the Ststement of Financlal Activities. 2.6 D9btors Trade and other dablors are recognised al the 8etd8ment amount aftgr any trdde dlscounl offered. Prepayments are valued at the amount prepaid nèt ol any trade discounts due. 2.7 Cash at bank and in hand Cash al bank and in hand Indudes cash and short-teTrn highly liquid investments with a short malurty of three months or less from the dale of acquisition or opening of the dèposit or Similar account. 2.8 Liabllltles and provlsion5 Llabililies aTe recognised when there is an obligallon at the Balanc& Sheet date as a result of a past event, it is probable that a transfer of enoMiC benefit will be required in settlement, and the arnounl ol the settlement Can be eslimaled reliably. Liabilllies are recognised at the amount Ihal the charity anticipates it will pay lo setue thp debt Dr the amount it has received as advanced payments lor the goods or services il musl provide. 2.9 Flnancial instruments The Charity only has financial assets and financial liabilities ol a knnd that qualify as basic financial Instruments. Ba51c financial instruments are initially recognised al transaction value and subsequently measured at their settlement value. 2.10 Fund a¢¢ounting Generdl funds are unstriCted funds which are available for use at the dlscr8tion of the Trustees in furthemnce of the general objectives of the charity and whlch have not been designated for other purposes. Investment income, gains and losses are allocated to the appropriate fund. Page 9
THE DU BROW CHARrrY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Income from donatlons and legacles Unro$trlctod funds 2025 Total funds 2025 Total funds 2024 Donatlons Gift Aid 150,000 37,51K) 150.000 37,500 ISQ,000 40,445 Total 2025 187,500 187,500 200,445 Total 2024 200,445 200,445 Investment Income Unrestrf¢t&d funds 2025 Total funds 2025 rotal funds 2024 Invasknent income 8,852 8,852 3,769 Tolal 2024 3,169 3, 169 Other Incomlng resources Unrestrlcted funds 2025 Total funds 2025 Tolal funds 2024 Other income 727 Total 2024 121 721 Page 10
THE DU BROW CHARrrY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analysls of expeThd1re by actlvities Actlvltles undèrtaken dlrectly 2025 Support costs Total funds 2025 Total funds 2024 2025 Grants payable Admlnistratlve costs 48,565 48,565 1,649 149,000 7,943 1,649 Total 2025 48,565 1,649 50.214 150,943 Total 2024 149,000 1,943 150,943 Grants payable Rèclpl•nt Grant awarded Age UK Norfolk £5,000 Asthma and Lung UK £5,000 British Red Cross £5,000 Caislor Roman Prolect £2.500 Cardiomyopathy UK £5,000 C8r&rs UK £5.000 Denlaid £2.500 Guido Koeler £2,825 Mrs V Tuckwell and David Tuckwell £740 Sue Ryder £5,000 veroni( E M Roger £10.000 Independont examinerfs remuneratlon 2025 2024 Fees payable lo the charftys independent examinor for the independent oxamination of the charitys annual ants Fees payable lo thg charitys independent examiner in respgcl ot. All other sèrvices not included above 1.236 900 351 972 Page 11
THE DU BROW CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Trustees. remuneratlon and expenses During the year, no Trustees re¢eived any remuneration or other benefits (2024- £NIL). Dudng the y&ar ended 31 March 2025, no Trustee expenses have b8@n incurred (2024- £NIL). 10. Flxed asset Investments Unllsted Investments Cost or valuation Additions 100,000 Al 31 March 2025 100,000 Net book value Al 31 March 2025 100,000 11. Debtors 2025 2024 DUeYthln one year Gift Aid recoverable Prepayments and accrued income 37.500 528 40,000 841 38,028 40,841 12. Creditors: Amounts falling due within one year 2025 2024 Accnjals and deferred income 1,236 900 Page 12
THE DU BROW CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 13. Statomènt of funds statamènt of funds- current year Balance at 31 MarGh 2025 Balance at 1 April 2024 Income Expendlture Unrestrlcted funds General funds 356,239 196,352 (50,2141 502,377 Statement of funds - prlor year 881anGe at 31 March 2024 Balance at 1 April 2023 Income Exp&ndllur8 Unrestrfcted funds Gener81 funds 303,447 203, 735 (150,943) 356,239 14, Analysls of not assets between funds Analy$l$ of net assets b•tween funds - current year Unrestrirted funds 2025 Total lunds 2025 Current assets Creditors due wlhin orke year 503,613 11,2361 503,613 11.236} Total 502,377 502,377 Page 13
THE DU BROW CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 14. Analysis of net assets between funds Icontlnuèd) Analysls of nèt assets between funds - prior year Unreslrl¢led funds 2024 Total funds 2024 Current assets Creditors due within one year 357, 139 (900) 557,139 (900) Total 356,239 356,239 1 S. Related paty transactions During the year Benjamln Du Brow. a Tru51ee, donated £150,000 lo the charity. Page 14