ALAN BOSWELL GROUP CHARITABLE TRUST ANANaAL ATEmENTs YEAR ENDED 311031z026 (harity Number. 1183272
Alan Boswell Group Charitable Trust For the year ended 31 March 2026 Index to Hnanclal Ststements Page number Trustees annual report Independent Examinerfs report to the Trustees Statement of financial actiwties Balance Sheet Cashflow Ststement io Notes to the Financial Ststements 11-13 Page 2
Alan Boswell Group Charitsble Trust Trustee5 annual report For the year ended 31 March 2026 The Trustees present their report and the un81[ted financial ststements of the charitable trust for the year ended 31 March 2026 The financial statements have been prepared in accordance with the accounting poliaes Set out in the notes to the accounts and comply with the charity's governing document. the Chartties Act 2011 and Accounting & Reporting by Charities: Statements of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019. ftefereTr and Adminlstrative Inforrnation Charity Name Alan Boswell Group Charitsble Tntst Charity Registratk)n Numbei 1183272 Address Prospect House Rouen Road Norwich NRI IRE The frustees A Boswell {Chairman) A Bartram A Drew CGibbs LAdams S Lusher Independert Examiner M Prc(tor FCA DCI Lovewell Blake LLP Chartered Accountants Bankside 3(M) Peachman Wav Broadland Business Park NoNch NR7 OLB Page 3
Alan B05well Group charftle Tnbst Trustees annual report For the year ended 31 Marth 2026 Objertives and artivlties The Alan Boswell Group Charitable Trust i% a registered tharity. bts objects are to further tharitable purposes and organisations in such manner and in such proportions as the Trustees may from time to time determine. It was founded by and received funding from the Alan Boswell group of companies, however st exists as its own separate enttty. independent from the Alan Boswell group of companies. The Trust makes its own decisions alx)ut its Strdtegy and grant making. The Trust achieves its objectives by distributing its reserves via grants to other charitable bodies which the Trustees determine are going to benefit the wider puWK. The Trust has a Clearly defined grant making wlicy whKh Sets Out the principles, criteria and processes that govern how the Trust awards grants. The Trustees ensure proper governance of the Trusvs 8rant-making in 3 way l. Through grant-makirtg principles which ensure that decisions are ultimately made by the Trustee5. 2. Through grant-making criteria which set ¢xrt the actNtties the Trustees wish to support in furrherance of the Trusrfs charitable objertNes. The criteria also include activities which the Trustees do not wish to SUPPOrt because they do not consider them to be in line with the Trusts purpose. The Trustees accept thatthey will on styne occasions make grants outside the published criteria but that in all such cases the activity wpwrted will be charitable in law.Through grant-making processes which set out how decisions are reached for awar(fin8 grdnts. 3. Through grant-making processes which set out how decisions are re¥hed for awarding grants. Publlc benefft The Trustees have paid due regard tothe Charity Commission's published guidance on public beneftt in planning the actNTties undertaken by the charity. Athievements and an During the year a further £645,865 of grdnrs were awarded12025: £592.9011. Totsl grants awarded now exceed £3.5m since the charity's inception. Anandal re¥lew Income forthe year was £652,287 as shown on page 812025: £6CQ,6331. During the year the Trust awarded grants of £645,86512025: £592.}1>. with support costs of £13412025: £1481. The rt surplus was therefore £6.288 {2025: net surplus £7,584). Page 4
Alan Boswell Group Charitsble Trust Trustees annual report For thè year ended 31 Marth 2026 Anancial revlew IntI The Trustees consider the results forthe year and the yearend posfcion to be satisfactory. The princhpal funding sources forthe Trust are grants made by companies which forni part of the Alan Boswell Group. The Trustees are grateful forthe continued support of the Ajan Boswell Group whose funds enable so many grants to be awarded for charitable purposes. The predominant risk to the chartty is that the principal source of tts fijnds (from aft Boswell Group) significantly dUS or stops. The Trustees manage this risk by ensuring that all funds are in place before grants are awarded, thereby ensuringthe charity can remain operational. Re5er•es poliry It 15 the long term intention of the Trustees to hold £20.OC(i of reseNes. This level of SerVeS is considered appropriate for a grant making organisation which is reliant on the generosty of the Alan Boswell Group of companies for the vast majority of its income. At the end of the period the reserves held We £30.104, wPMch is m3rynally higher than the policy. Structure, Governance and Manageme Governing document The organisation operates under a Trust deed made on the 9 October 2018 as amended on the 28 April 2019. AppointmefttoA Trustees Trustees shall be persons who through residen. ocojpation, employment or otherwise have knowledge of the area of benefit or who are otherwise able byvirtue of their personal or professional qualifications to make a (CtrIbUtion to the pursuit of the objects of the tharity. Trustees, appdntment t7nd troinlng New Trustees are identified and appointed by continuingTrustees and made aware of the governing documents, procedures and natu of the trLrt The standard Trustee induction pr(Kess is then followed. Ail Trustees are promded with irrfomiation to enable them to carry out their repsonsibilities and duties through published guidence for charities and external advisers in orderto gain expertise. Page 5
Alan Boswell Grw CharitalAe Trust Trurtees annual rep¢t Forthe ended 31 Marth 2026 The Trust is well known to stsff from the Alan Boswdl Group of compan[4 who inturn promotetheTru5t to other bodieswho have charitable objettNes so that they may applyfor grants. The Trust utilises a Sublommrttee made up of staff members from the Alan BO11 Group who initlally assess applications against the grant making policy. Recommendation5 for grants are made to the Trustees who then between them agree on which grants to approve. The Trust are gratefvl for all the hard work of the su committee who perform their role as volunteer5. True &fair o%rrfde The accounts lfinancial statements) have been prepared to 8ive a 'true fair" tW and have departÈd from the Charitie5 (Accounts and Reports) Regulations 2(X)8 only to the extent required to provide a "true and fair wew". Thls departure ha5 invofved followirg Accounting and Reporting by Charities= Statement of Recommended Prartitr applicable in the UK and Republi¢ of Ireland IFRS 1021 Issued in Ortobw 2019 ratheT than Attounting and ReFM)rting by (harities.. Statement of RecommeTrJed PrartI effecbve from l April 2C(JS whith has Sin been withdrawn. Relatèd parties The Trust 15 reliant upon theAlan Boswell Group forthe maioriryof tsfunds. 3 of theTrust's Trustees are also Direttors of Alan 805*11 Group Ltd. Plans for1 fuwre The Trust plans on continuningthe thities outlined in the above in fuwre yea Independent Exarninr M PrcttOT of Lovewell Blake LLPwll be rtrappointed a5 independent examiner forthe ensuingyear. ¥igned ort behalf of theTrustees on li/W026 A Boswell Chairman Page 6
Independent Examiners Reportto theTru5tees of Alan BowielS Gmup Charftable Trnst Fortheyear ended 31 Mzrth 2026 I reportto the charitytrustees on my examination of the financial statements of the charity for the peri(d ended 31 March 2026 which comprise the statement of finarKial attivities, balance sheet and the related notes. Res5yJnsFbillties and basis of repwt A% the charitvs trustees you are respjnsible for the preparation of the financial statements in accordan with the requirements of the Charities Art 20111lhe ACYI. I report in respect of my examination of the tharivs finanoal statements carried out under section 145 of the Art and In carrying Out my examination I havè fdlowed all the applicable Direcbons given by the Charity Commissiort under section 1451Sllbl of the Att. Independenl examiner's siateme Since the Charl5 gross income exceeded £250,K}yoUr examiner must be a member of a body listed in sertion 145 of the 2011 Act. I confirm that l am qualified to undertake the examiThatlon because l am a member of the Institute of Chartered Acctyjntants in En813nd and Wales IICAEWI, which is one of the listed bodies. I have completed my exarniftation. I confirm that no material matters have corne to my attention in tonnertion with the examination giving me cause to believe that in any material respect.. . aecountin8 records were not kept in respert of the charity as required by section 130 of the Act; or 2. the finantial statements do not actord with those records; or 3. the financial statements do not comply wtth the applicable requirernents conmIng the form and content of accounts set out in the Charitie5 IAccounts and Report51 Regulations 2008 other than any requirement that the accounts give a'true and fairf view which is not a matter considered as part of an Indendent examinatlon. I have no concerns and have come acro no other matters In conne¢rlon with the examination to which attention should be drawn in thls report in order to enable a proper understanding of the actounts to be ached. Your attention is drawn to the fact that the Charity has wepared the accounts (financial statements) In ac¢ordance with Accounting and Reportwig by Charities: Statement of Recommended Practice applicable trj charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charittes: Statement of Recommended Practice issued on l 4)ri12005 which is referred to in the extant regulations but has slnce been withdrawn. l understand that thrs has been done in order for the accou¥)ts to prtivide a true and f3ir view in accordante with the Generally Accepted Accounting Practi effective for reportsng periods beginning on or after l January 2015. M Proctor FCA DChA Independent Exarniner Lovewell Blake LLP Chartered Acwnts Bankside 3fK) Peacharn Way 8roadland Business Park Norwich NR7 OLB Date- 1810812026 Page 7
Alan Boswell Group Charitable Trust ststemefrt of financlal activitles For the year ended 31 Mah 2026 UnrestTKted Total 2026 Unrestrictsd Totsl 2025 Notes Income Donations and legacies 652,287 600.633 Expendlture Charitable actimties {645,9991 1593.0491 Net incomel(expendltU} 6,288 7,584 Total funds brought forward 23,816 16,232 Total funds carried forward 30,104 23.816 The 5tatementof FinoncialArtivities indudes oll gains and10sse5 in the year and therefore o statement of totol recogni5ed gains und losses has not been prepared All of the above am(wnts relate to continuing uctivities The notes on pages 11 to 13forrn an integrol port of the5efinGnool statements Page 8
Alan Boswell Group Charitable Tnst Balance Sheet For the year ended 31 March 2026 2026 2025 Current Assets Cash at bank and in hand 30.104 23,816 Net a55ets 30,104 23,816 tharity Funds Unrestrirted Funds li 30,104 23,816 These financial statements were approved by the Trustees and authorised for issue on and are signed on their behalf by: iS/OU026 A C Boswell Chairma The notes on pages 11 to 13forni an integralpart of thesefinancit715totements Page 9
Alan Boswell Group Charbtsble Tnt Statement of cashllows For the year ended 31 March 2026 Notes 2026 20Z5 Net Cash provided byllused in) operating actNTties io 6,288 7.584 Change in cash at bank and in hand in the year 6.288 7.584 Cash at bank and in hand l)ought forward Cash at bank and in hand Caled forward 23.816 30.104 16.232 23.816 Page 10
Alan Boswell Group Chafftable Trwt Notes tothe Anala1 Ststemen Fortheyear eThled 31 Marth 2016 l General Infomilon The charity is a regsteyed charity in £nand and Wales and is uniw)fpoTrted The address of principal office is Pr05pert House. Rouen Road, Norrith. NRI IRE. The financlal staternents are prepared in sterfin& whith ts the funrtional currency of the charlty, and Tounded to the nearest £. 2 Ststement Df ¢ompllan¢e The financial statements have been prepared to give a Yrue and falrt view and have departed from the Charftiès IAccounts and Rew)rtsl Reguktion5 only tothe extent required to provlde 3.true aTrJ fairvlevr. departure iThvolved following knounting and Reporting by Charities: Statement of Recommended PTrctice applKable in the UK and Republic of Ireland IFRS 1021 issued in October 2019 rather than Accounting and Reporling by ChaTities'. Statement of Recommended Practice etrectlve from l ApTiI 2005 wh5ch has sin been thdraw 3 A¢wuntiNg Porkies a) Ba51s of acwunti These aryounts have beeft wepared under the historfjcal cost tonvertion with items recogni5ed at cost or transaction value unle5S0therwbse stated in the relevart [e{sI to these accounts. The Charrty constrcute5 a public nefft enlity as defirted ty FRS 102. The finaKkHI statements have been prepad in accordan wh Accountyng Reporting thaTities: Statement of Retommended Practlce applicable to Charitle5 applicable to tharities preparing their accounts in accordance with the Financial Reporting stsndard applScable in the UK and Republic of Ireland issued in October 2019, the Financval AeportiDg Standard applicable in the Unf(ed KI15)M and RepuNic of Ireland IFRS 1021. the Charities Act 2011 and UK Generally Accepted Accounting Practi. bl Intor All ino)me Is incIed in the Ststement of Financial Acii¥ltles1g)FAI when the charlty is le80lly entitled to the incorne Incorne from &Jnations and leeacie5 intludes grdnts, donations, and gifts and 15 irKluded in full In the Statement of FinarKial ActNitleswhen entiuement 15estsbli5hed. cl Expenditwe All expenditure is accoLmted for on an actruals basis and has been clawfied under hethjings that aggregate all Costs lated to the category. Expendiwre is reCognisedvthere i% a legal oru¥nstructNe obligation to make payments to third parrie5. it is probable that the settlemert will be required a1 the amount of the obligatK)n can be measured refiably. All costs are categori5ed a5 tharitable Activities and ¢omprise the cost5 inturred the charity in the delivery of its attivities and 5eryfjce5 for its tenthkiries. dl f¥olwxConcern The finanaal statements have trttn prepared on 3 goin8 concern bas as theTrustees believe that rK* rnaterial uncertalnties exist. Grants are only made if there a sufficient fvnds in the tharity and therè are very Itttle nmnlng costs. TheTrLee5 abo considerthe level of re5eTvesto be suffident. Page 11
Alan Boswell Grow)CharftableTnst l)testo the Anandal Sttnen15 Fortht y•arended 31 Mznh 2026 e) Debtorsand cred1$ re¢el¥ablelpayable within year Debtors and creditorsvrith no 5tsted interest rate and receivable or payablewithin one year arE corded at transaction Pre. kny105ses ari%ngfrorn irnpaiment are recognlsed in expendlture. fj Ca$h at bank Cash at bankand In harvj Inclulescash and slK*rt term hiehty liquid In¥entswrth a short maturity of three rnonths or less. 4 Donatlons and lepde5 2026 Donations from Indivh4uals )natlons from corpjrdte entrties 11.293 640.988 652287 16.936 583.697 6¢,633 All Inrne TEteNed in the pthod 15 attribut3bleto unrestricted fJ$ 5 CharitableP£Uvld 2025 Grants made15ee Trjte 61 Support 645.865 134 645,999 592,901 593,049 Support costs all relateto bank tharge5. All exFthditure is attrilvjtableto unrestricted fvnds. 6 fjrdnt maki All 8fdnts made have been made to othertharities orthaTitsble ITrtL10n An analysis oftotal grants made is as bEIw. 20Z5 Communlty 5P)rt and leisure Health & medlcal Herftage Social and welfare Youth and edu<ational 34.169 197.612 io.o(x) 279.998 124,086 645A65 8,889 145.055 11.780 310.678 116,499 S9Lg)1 Thefollowivg Grants were awarded in the yearwhKtitheTnJstees deem material.. 2026 Bi8 C Cancer ApFeal Royal NorfolkAgricukural Asgxiation East Ar¥5ian Air Ambulance Norfolk & NonvKh Hospitsls Charity 25,000 25.(0 25,000 7 Staff costs There are noeMplee5 of theTTUSi. 8 Trustee remuneration and e¥penses No remuneratfjon was paidto anyTrustee duringthe period. Page 12
Alan 805well Group Charitsble TTUSt Note5to the Finandal Ststements For the year ended 31 March 2026 9 Related party disdosure5 A Boswell. C Gibbs and A Drew are all direttors of Alan 8oswell Insurance Broker5 Ltd. Alan Boswell Insurance Brokers Ltd have donated £640.988 (2025: £583,697) to the Trust in the ye3r. During the year a grant of £5,(KJO12025: £Nil) was made to The Norfolk Boat (Sail Training} Limited. A Bartram, trustee of the tharity, is a150 a trustee of The Norfolk Boat {Sail Training) Limsted. 10 Reconciliatlon of net movement in fvnds to net asmowfrom operntlng artivities 2025 2026 Net movement in funds 6.288 7.584 Net cash provided by/lused inl operating actNitie5 &288 784 11 Re¢onclliation of movemert in fvnds 2026 Openlng Funds Net Income aosing Funds Unrestricted Funds General 23.816 6.288 30.104 Total 23.816 6288 30,104 Z025 Openlng Funds Net Income aoslng Funds Unrestrlcted Funds General 16,232 7.584 23,816 Total 16.232 7.584 23,816 Page 13