``` REGISTERED CHARITY NUMBER: 1191766 ``` ## **`REPORT OF THE TRUSTEES AND`** ``` UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 12 OCTOBER 2020 TO 31 MARCH 2022 ``` ## **`FOR`** ## **`THE BREWERS FOUNDATION CIO`** ``` LMDB Accountants Chartered Certified Accountants Railview Lofts 19c Commercial Road Eastbourne East Sussex BN21 3XE ``` ``` THE BREWERS FOUNDATION CIO ``` ## **`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 12 OCTOBER 2020 TO 31 MARCH 2022`** ||**`Page`**| |---|---| |**`Report of the Trustees`**|`1 to 2`| |**`Independent Examiner's Report`**|`3`| |**`Statement of Financial Activities`**|`4`| |**`Balance Sheet`**|`5`| |**`Notes to the Financial Statements`**|`6 to 7`| ## **`THE BREWERS FOUNDATION CIO`** ## **`REPORT OF THE TRUSTEES`** ## **`FOR THE PERIOD 12 OCTOBER 2020 TO 31 MARCH 2022`** ``` Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityforthe period 12 October2020to 31 March2022.The trusteeshave adoptedthe provisionsof Accountingand Reporting byCharities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccounts in accordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102) (effective 1 January 2019). ``` ## **`OBJECTIVES AND ACTIVITIES`** ## **`Objectives and aims`** ``` The objectives of the foundation are: ``` ``` The prevention and relief of poverty The advancement of education ``` ``` The advancement of health through medical treatment and research Other wholly and exclusively charitable purposes ``` ## **`Significant activities`** ``` Themajoractivityintheperiodwasthereceiptofaninitialseeddonationof£400,000fromCBrewer & Sons Ltd's Charities Aid Foundation account. ``` ## **`Public benefit`** ``` Thetrusteeshaveresearchedwaysofmaximisingincomesoastobenefitgoodcausesand have consideredcharitiesthefoundationmaywishtosupportinfutureperiods,withdueregardfor the guidance issued by the Charity Commission on public benefit. ``` ## **`ACHIEVEMENT AND PERFORMANCE`** ## **`Charitable activities`** ``` Duringthisinitialset-upperiodthesponsor'scharitablegivinghasbeendirectedthroughthe legacy CharitiesAidFoundationaccount.Infutureperiodsthefoundationwillmakegrantsanddonations to selected charities and good causes. ``` ## **`FINANCIAL REVIEW`** ## **`Financial position`** ``` Thefoundationcurrentlyholds£400,000inabankaccount,whileaphasedmovementoffundsis being arranged from the Charities Aid Foundation account in the name of C Brewer & Sons Ltd. ``` ## **`Principal funding sources`** ``` CBrewer&SonsLtdistheprincipalsponsorofthefoundation,lookingtodonatecirca£200,000 per annum.Thefoundationisintheprocessoftransferringresiduallegacyfundingfromthe company's charitable account held with the Charities Aid Foundation (CAF). ``` ## **`Reserves policy`** ``` Thetrusteeshaveexaminedthefoundation'sneedforreservesinthelightofthemainriskto the organisation,namelyafallinsponsorincome.Theyaredevelopingapolicywhereunrestrictedfunds not investedin tangible,or fixed assetsshouldnot be less than six monthsbudgetedcharitableexpenditure. At presentwhileappropriateincomegenerativeinvestmentsaresought,thereservesremainoutside the policy level. This will be rectified once funds are invested. ``` ``` Page 1 ``` ``` THE BREWERS FOUNDATION CIO ``` ## **`REPORT OF THE TRUSTEES`** ## **`FOR THE PERIOD 12 OCTOBER 2020 TO 31 MARCH 2022`** ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`** ## **`Governing document`** ``` Thecharityiscontrolledbyitsgoverningdocument,adeedoftrustandconstitutesan unincorporated charity. ``` ## **`Recruitment and appointment of new trustees`** ``` Inselectingindividualsforappointmentascharitytrustees,thecharitytrusteesmusthaveregardto the skills, knowledge and experience needed for the effective administration of the CIO. ``` ``` Newtrusteesareappointedbyameetingofthecharitytrusteesandareappointedforatermof three years. ``` ## **`REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number`** ``` 1191766 ``` ## **`Principal address`** ``` Albany House Ashford Road Eastbourne East Sussex BN21 3TR ``` ## **`Trustees`** ``` N Brewer (appointed 12.10.20) S Brewer (appointed 12.10.20) A Shoesmith (appointed 12.10.20) D Thomson (appointed 12.10.20) ``` ## **`Independent Examiner`** ``` LMDB Accountants Chartered Certified Accountants Railview Lofts 19c Commercial Road Eastbourne East Sussex BN21 3XE ``` ``` Approved by order of the board of trustees on 8 January 2023 and signed on its behalf by: ``` ``` A Shoesmith - Trustee ``` ``` Page 2 ``` ## **`INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BREWERS FOUNDATION CIO`** ## **`Independent examiner's report to the trustees of The Brewers Foundation CIO`** ``` IreporttothecharitytrusteesonmyexaminationoftheaccountsofTheBrewersFoundationCIO (the Trust) for the period 12 October 2020 to 31 March 2022. ``` ## **`Responsibilities and basis of report`** ``` AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsin accordance with the requirements of the Charities Act 2011 ('the Act'). ``` ``` I reportin respectof myexaminationof theTrust'saccountscarriedoutunderSection145of theAct and incarryingoutmyexaminationIhavefollowedallapplicableDirectionsgivenbytheCharity Commission under Section 145(5)(b) of the Act. ``` ## **`Independent examiner's statement`** ``` Sinceyourcharity'sgrossincomeexceeded£250,000yourexaminermustbe a memberofa listedbody. I canconfirmthatIamqualifiedtoundertaketheexaminationbecauseIamaregisteredmember of Association of Chartered Certified Accountants which is one of the listed bodies. ``` ``` Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattention in connection with the examination giving me cause to believe that in any material respect: ``` `1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or` `2. the accounts do not accord with those records; or` `3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.` ``` Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be reached. ``` ``` S Murray FCCA Association of Chartered Certified Accountants LMDB Accountants Chartered Certified Accountants Railview Lofts 19c Commercial Road Eastbourne East Sussex BN21 3XE ``` ``` 9 January 2023 ``` ``` Page 3 ``` ## **`THE BREWERS FOUNDATION CIO`** ## **`STATEMENT OF FINANCIAL ACTIVITIES`** ## **`FOR THE PERIOD 12 OCTOBER 2020 TO 31 MARCH 2022`** |||`Unrestricted`| |---|---|---| |||`fund`| ||`Notes`|`£`| |**`INCOME AND ENDOWMENTS FROM`**||| |`Donations and legacies`||`400,000`| |**`NET INCOME`**||`400,000`| |**`TOTAL FUNDS CARRIED FORWARD`**||`400,000`| ``` The notes form part of these financial statements ``` ``` Page 4 ``` ## **`THE BREWERS FOUNDATION CIO`** ## **`BALANCE SHEET`** ## **`31 MARCH 2022`** |||`Unrestricted`| |---|---|---| |||`fund`| ||`Notes`|`£`| |**`CURRENT ASSETS`**||| |`Cash at bank`||`400,000`| |**`NET CURRENT ASSETS`**||`400,000`| |**`TOTAL ASSETS LESS CURRENT LIABILITIES`**||`400,000`| |**`NET ASSETS`**||`400,000`| |**`FUNDS`**|`5`|| |`Unrestricted funds`||`400,000`| |**`TOTAL FUNDS`**||`400,000`| ``` ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on 8 January 2023 and were signed on its behalf by: ``` ``` A Shoesmith - Trustee ``` ``` The notes form part of these financial statements ``` ``` Page 5 ``` ``` THE BREWERS FOUNDATION CIO ``` ## **`NOTES TO THE FINANCIAL STATEMENTS`** ## **`FOR THE PERIOD 12 OCTOBER 2020 TO 31 MARCH 2022`** ## **`1. ACCOUNTING POLICIES`** ## **`Basis of preparing the financial statements`** ``` Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,have been preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingby Charities: StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsin accordance withtheFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102) (effective1January2019)',FinancialReportingStandard102'TheFinancialReporting Standard applicableintheUKandRepublicofIreland'andtheCharitiesAct2011.Thefinancial statements have been prepared under the historical cost convention. ``` ## **`Preparation of the accounts on a going concern basis`** ``` Thetrusteesarenotawareofanymaterialuncertaintiesaboutthecharity'sabilitytocontinueas a going concern. ``` ## **`Income`** ``` Allincomeis recognisedin theStatementofFinancialActivitiesoncethecharityhasentitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ``` ## **`Taxation`** ``` The charity is exempt from tax on its charitable activities. ``` ## **`Fund accounting`** ``` Unrestrictedfundscanbe usedin accordancewiththecharitableobjectivesat thediscretionof the trustees. ``` ``` Restrictedfunds can only be used for particularrestrictedpurposeswithin the objectsof the charity. Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedforparticular restricted purposes. ``` ``` Furtherexplanationofthenatureandpurposeofeachfundis includedin thenotestothe financial statements. ``` ## **`2. TRUSTEES' REMUNERATION AND BENEFITS`** ``` There were no trustees' remuneration or other benefits for the period ended 31 March 2022. ``` ## **`Trustees' expenses`** ``` There were no trustees' expenses paid for the period ended 31 March 2022. ``` ``` continued... ``` ``` Page 6 ``` ``` THE BREWERS FOUNDATION CIO ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 12 OCTOBER 2020 TO 31 MARCH 2022`** ## **`3. STAFF COSTS`** ``` There were no staff costs during the period. ``` ## **`4. INDEPENDENT EXAMINER'S REMUNERATION`** ``` The independentexaminer'sremunerationtotalled£800forthe year.This is to be metby C Brewer & Sons . Ltd. ``` ## **`5. MOVEMENT IN FUNDS`** |**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Net`
`movement`
`in funds`
`£`
`400,000`
`400,000`|`At`
`31.3.22`
`£`
`400,000`| |---|---|---| |||`400,000`| ``` Net movement in funds, included in the above are as follows: ``` |**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`400,000`
`400,000`|`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`-`
`400,000`
`-`
`400,000`| |---|---|---| ## **`6. RELATED PARTY DISCLOSURES`** ``` Duringtheperiodthecharityreceivedadonationof£400,000fromCBrewer&SonsLimited, a company in which a majority of the trustees are also directors. ``` ``` Page 7 ```