Trustees’ Annual Report for the period
From 1 April 2024 to 31 March 2025
Charity name: The Brailsford Charity
Charity registration number: 1198153
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The charity was set up to pay or apply the income of the fund to such charities or for such charitable purposes as the Trustees see fit. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
The charity receives income from investment properties and from its investment portfolio managed by Rathbones. It seeks to make donations of a corresponding amount to other charities or for other charitable purposes. We also release funds available from the sale of investment properties when the trustees consider this to be necessary. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The trustees have referred to the guidance in the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular the trustees consider how planned activities will contribute to the aims and objectives they have set. |
Additional information (optional) You may choose to include further statements where relevant about:
| SORP reference | ||
|---|---|---|
| Policy on grant making | Para 1.38 | The charity will fund projects, mainly in the Hereford area, by making donations to local charities during the year. They will continue to monitor theseprojects. |
| Policy on social investment including program related investment |
Para 1.38 | n/a |
| Contribution made by volunteers |
Para 1.38 | n/a |
| Other |
Achievements and Performance
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SORP reference
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| Achievements and Performance | Achievements and Performance | Achievements and Performance |
|---|---|---|
| SORP reference | ||
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | The charity receives income from its investments and seeks to make donations of a corresponding amount to other charities or for other charitable purposes. WE have also started to make donations out of our expendable endowment fund During this year the charity has been the major funder of the redevelopment of the District Scout headquarters in Hereford. |
Additional information (optional)
You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | |
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The charity’s investments will continue to be held in an expendable endowment fund and the income from this fund will be included in unrestricted funds for spending on charitable purposes. The capital can be spent at the trustees’ discretion. During the year the charity received income of £25,202 but has sold two investment properties. It has made grants and donations to other charities of £335.865 |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The trustees have assessed the requirements of the charity and consider that it does not need to hold significant reserves. The charitable trust aims to distribute all its income for charitable purposes each year. |
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Amount of reserves held Para 1.22 The charity has a managed investment
portfolio and a number of residential rental
properties. It is the intention to apply all
investment income received to charitable
purposes. These investments and properties
are held as an endowment fund which is
available for distribution if the trustees see fit.
The trustees aim to retain reserves in the range
of £10,000 to£15,000 to cover unexpected
expenditure. At 31 March 2025 the trust held
unrestricted reserves of £63,052 including a
designation of £48,978 for a proposed building
project. This leaves free reserves of £14,074.
Reasons for holding zero Para 1.22 n/a
reserves
Details of fund materially in Para 1.24 The charity has no funds in deficit.
deficit
Explanation of any Para 1.23 None
uncertainties about the
charity continuing as a going
concern
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Additional information (optional) You may choose to include further statements where relevant about:
| Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
|---|---|---|
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | |
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | The charity is controlled by its constitution for a CIO based on the standard issued by The Charity Commission |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | The charity is a Charitable Incorporated Organisation. |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | New trustees are selected by the existing trustees who have regard to their background and experience. |
Additional information (optional) You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | New trustees are selected by the existing trustees who have regard to their background and experience. They undertake training in charity administration and investment management |
|---|---|---|
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | n/a |
| Relationship with any related parties |
Para 1.51 | None |
| Other |
Reference and Administrative details
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Charity name The Brailsford Charity
Other name the charity uses
Registered charity number 1198153
Charity’s principal address 19 Prospect Place
Swindon
SN1 3LQ
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Names of the charity trustees who manage the charity
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Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 Jeffrey Barnes
2 Robert Brailsford
3 Susan Nash
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
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– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets held in this capacity None Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser
Investment Rathbones 30 Gresham Street, London, EC2V 7QN managers
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Full name(s) Robert Brailsford Position (eg Secretary, Trustee Chair, etc)
Date
| Charity No (if any) 1198053 Period start date 01-Apr-24 To Period end date 31-Mar-25 The Brailsford Charity Annual accounts for the period |
Charity No (if any) 1198053 Period start date 01-Apr-24 To Period end date 31-Mar-25 The Brailsford Charity Annual accounts for the period |
Charity No (if any) 1198053 Period start date 01-Apr-24 To Period end date 31-Mar-25 The Brailsford Charity Annual accounts for the period |
|
|---|---|---|---|
| Section A | s Statement of financial |
activities | |
| Recommended categories by activity Guidance Note Incoming resources (Note 3) Income and endowments from: Donations and legacies S01 Charitable activities S02 Rental income S03 Investments S04 Separate material item of income S05 Other S06 S07 Resources expended (Note 6) Expenditure on: Raising funds S08 Charitable activities S09 Rental expenses S10 Other S11 S12 S13 Net gains/(losses) on investments S14 S15 Extraordinary items S16 S17 S18 Other gains/(losses) S19 S20 Reconciliation of funds: S21 S22 Total Net movement in funds Total funds brought forward Total funds carried forward Total Net income/(expenditure) before investment gains/(losses) Net income/(expenditure) Transfers between funds Other recognised gains/(losses): Gains and losses on revaluation of fixed assets for the charity’s own use |
Unrestricted funds £ F01 - - 8,645 16,557 - |
Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ F02 F03 F04 F05 - - - - - - - - - 8,645 23,509 - 16,557 16,226 - - - - - - |
|
| 25,202 | - - 25,202 39,735 |
||
| 1,208 334,865 5,708 1,821 |
- - 1,208 1,202 - - 334,865 313,375 - - 5,708 10,230 - 1,821 2,305 |
||
| 343,602 | - - 343,602 327,112 |
||
| 318,400 - |
- - 318,400 - 287,377 - |
||
| - | - 3,714 3,714 54,334 |
||
| 318,400 - |
3,714 314,686 - 233,043 - |
||
| - 356,689 - - |
- 7,528 7,528 847,145 - 356,689 - - - - - - - - - - - |
||
| 38,289 | 345,447 - 307,158 - 614,102 |
||
| 24,763 | 1,032,630 1,057,393 443,291 |
||
| 63,052 | - 687,183 750,235 1,057,393 |
Section B Balance sheet
| Fixed assets Intangible assets (Note 15) Tangible assets (Note 14) Heritage assets (Note 16) Investments (Note 17) Total fixed assets Current assets Stocks (Note 18) Debtors (Note 19) Investments (Note 17.4) Cash at bank and in hand (Note 24) Total current assets Creditors: amounts falling due within one year (Note 20) Net current assets/(liabilities) Total assets less current liabilities Creditors: amounts falling due after one year (Note 20) Provisions for liabilities Total net assets or liabilities Funds of the Charity Endowment funds (Note 27) Restricted income funds (Note 27) Unrestricted funds Revaluation reserve Total funds Signed by one or two trustees on behalf of all the trustees |
Guidance Notes B01 B02 B03 B04 B05 B06 B07 B08 B09 B10 B11 B12 B13 B14 B15 B16 B17 B18 B19 B20 B21 |
Unrestricted funds £ F01 - - - |
Restricted income funds £ F02 - - - - |
Endowment funds Total this year £ £ F03 F04 - - - - - - 687,183 687,183 |
Total last year £ F05 |
|---|---|---|---|---|---|
| - 1,032,630 |
|||||
| - | - | 687,183 687,183 |
1,032,630 | ||
| - - - 63,052 |
- - - - |
- - - - - - 63,052 |
|||
| - - - 27,763 |
|||||
| 63,052 | - | - 63,052 | 24,763 | ||
| - | |||||
| - | - | - - | |||
| 63,052 | - | - 63,052 | 24,763 | ||
| 63,052 | - | 687,183 750,235 |
1,057,393 | ||
| - - |
|||||
| - - |
- - |
- - - - |
|||
| 63,052 | - | 687,183 750,235 |
1,057,393 | ||
| - 63,052 |
- | 687,183 687,183 - - 63,052 - |
|||
| 1,032,630 - 24,763 |
|||||
| 63,052 | - | 687,183 750,235 |
1,057,393 | ||
| Signature | Robert Brailsford Print Name |
Date of approval dd/mm/yyyy |
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Section C Notes to the accounts
Note 1 Basis of preparation
This section should be completed by all charities .
1.1 Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with:
-
the Statement of Recommended Practice: Accounting and Reporting by Charities
-
• and with* preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 the Financial Reporting Standard applicable in the United Kingdom and Republic of
-
• and with* Ireland (FRS 102)
-
and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.*
Yes
- -Tick as appropriate
1.2 Going concern
If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:
An explanation as to those factors that support the conclusion that the charity is a going concern;
Disclosure of any uncertainties that make the going concern assumption doubtful;
Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.
Not applicable Not applicable
Not applicable
1.3 Change of accounting policy
The accounts present a true and fair view and the accounting policies adopted are those outlined in note 2.2.
Yes * -Tick as appropriate No Please disclose: (i) the nature of the change in accounting policy; Not applicable
(i) the nature of the change in accounting policy;
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(ii) the reasons why applying the new accounting policy
provides more reliable and more relevant information; Not applicable
and
(iii) the amount of the adjustment for each line affected Not applicable
in the current period, each prior period presented and
the aggregate amount of the adjustment relating to
periods before those presented, 3.44 FRS 102 SORP.
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1.4 Changes to accounting estimates
No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).
| Yes No |
* -Tick as appropriate | |
|---|---|---|
| Please disclose: | ||
| (i) the nature of any changes; | Not applicable | |
| (ii) the effect of the change on income and expense or assets and liabilities for the current period; and |
Not applicable | |
| (iii) where practicable, the effect of the change in one or | Not applicable | |
| more future periods. |
1.5 Material prior year errors
No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).
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Yes
-Tick as appropriate
No
Please disclose:
(i) the nature of the prior period error; Not applicable
(ii) for each prior period presented in the accounts, the
amount of the correction for each account line item
affected; and
Not applicable
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(iii) the amount of the correction at the beginning of the Not applicable earliest prior period presented in the accounts.
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Section C Notes to the accounts
Note 2 Accounting policies
Please complete this note when first reporting under FRS2102. Section 35 of FRS102, requires 3 reconciliations to be presented, if all are applicable.
2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE
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Please provide a description
of the nature of each change
in accounting policy
Reconcilation of funds per previous GAAP to funds determined under FRS 102
Start of End of
period period
£ £
Fund balances as previously
stated
Adjustments:
Fund balance as restated
Reconcilation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS 102
End of
£
Net income/(expenditure) as previously
stated
Adjustments:
Previous period net income/(expenditure) as
restated
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Section C Notes to the accounts (cont)
Note 2 Accounting policies 2.2 INCOME
This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below.
| Recognition of income Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA. The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution. Donated services and facilities Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably. Income from interest, royalties and dividends This is included in the accounts when receipt is probable and the amount receivable can be measured reliably. Income from membership subscriptions Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies. Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities. These are included in the Statement of Financial Activities (SoFA) when: the charity becomes entitled to the resources; · it is more likely than not that the trustees will receive the resources; and the monetary value can be measured with sufficient reliability. Donated goods Contractual income and performance related grants Offsetting There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. Grants and donations Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP). This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions. Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so. In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP). Legacies Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met. Government grants The charity has received government grants in the reporting period Tax reclaims on donations and gifts Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. Settlement of insurance claims Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA. Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable. Support costs The charity has incurred expenditure on support costs. Volunteer help Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading activities'. Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA as incoming resources when receivable. The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. |
Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a |
|---|---|
| 2.4 ASSETS Intangible fixed assets Heritage assets Current asset investments The charity has has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on deposit and cash equivalents with a maturity date of less than one year held for investment purposes rather than to meet short term cash commitments as they fall due. Debtors Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. Stocks and work in progress Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net realisable value. Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock. Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. They are valued at cost. Investments Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments Grants with performance conditions Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output. Grants payable without performance conditions Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised. The charity has intangible fixed assets, that is, non-monetary assets that do not have physical substance but are identifiable and are controlled by the charity through custody or legal rights. The amortisation rates and methods used are disclosed in note 9.5 They are valued at cost. The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientific, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture. The depreciation rates and methods used as disclosed in note 9.6.1.4. This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. 2.3 EXPENDITURE AND LIABILITIES Liability recognition Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Investment gains and losses The charity accounts for basic financial instruments on initial recognition as per paragraph 11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. Tangible fixed assets for use by charity The depreciation rates and methods used are disclosed in note 9.2. Governance and support costs Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. They are valued at cost. These are capitalised if they can be used for more than one year, and cost at least Redundancy cost The charity made no redundancy payments during the reporting period. Deferred income No material item of deferred income has been included in the accounts. Creditors The charity has creditors which are measured at settlement amounts less any trade discounts Provisions for liabilities A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date Basic financial instruments |
Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a |
|---|---|
They are valued at fair value except where they qualify as basic financial instruments. POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE
Section C Notes to the accounts (cont)
Note 3 Analysis of income
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Restricted
Unrestricted income Endowment
funds funds funds Total funds Prior year
Analysis £ £
Donations Donations and gifts - - - - -
and legacies: Gift Aid - - - - -
Legacies - - - - -
Rental income - - - -
Membership subscriptions and sponsorships
which are in substance donations - - - -
Donated goods, facilities and services - - - - -
Other - - -
Total - - - - -
Charitable
activities: - - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
Other trading
activities: - - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - [ - - ]
Income from Interest income 3,883 - - 3,883 143
investments: Dividend income 12,674 - 12,674 16,083
Rental and leasing income 8,645 - - 8,645 23,509
Other - - - - -
Total 25,202 - - [ 25,202 39,735 ]
Separate - - - - -
material item - - - - -
of income: - - - - -
- - - - -
Total - - - [ - - ]
Other: Conversion of endowment funds into income - - - - -
Gain on disposal of a tangible fixed asset held
for charity's own use - - - - -
Gain on disposal of a programme related
investment - - - - -
Transfer from The Alan Brailsford and
Dorothy Brailsford Charitable Trust 7,527 - 847,405 854,932 847,405
Other - - - - -
Total 7,527 - 847,405 [ 854,932 847,405 ]
TOTAL INCOME 32,729 - 847,405 880,134 887,140
Other information:
All income in the prior year was unrestricted except for:
(please provide description and amounts)
Where any endowment fund is converted into income in the
reporting period, please give the reason for the conversion.
Where any endowment fund is converted into income in the
prior period, please give the reason for the conversion.
Within the income items above the following items are
material: (please disclose the nature, amount and any prior
year amounts)
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Section C Notes to the accounts (cont)
Note 6 Analysis of expenditure
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This year Last year
Restricted
Unrestricted Restricted Endowment Unrestricted income Endowment
Analysis funds income funds funds Total funds funds funds funds Total funds
Expenditure on raising funds: £ £
Incurred seeking donations - - - - - - - -
Incurred seeking legacies - - - - - - - -
Incurred seeking grants - - - - -
Operating membership schemes and
social lotteries - - - - -
Staging fundraising events
- - - - -
Fudraising agents - - - - -
Operating charity shops - - - - -
Operating a trading company
undertaking non-charitable trading
activity - - - - -
Advertising, marketing, direct mail and
publicity - - - - - - - -
Start up costs incurred in generating
new source of future income - - - - - - - -
Database development costs - - - - - - - -
Other trading activities - - - - -
Investment management costs: 1,208 - - 1,208 1,202 - - 1,202
Portfolio management costs - - - - - - - -
Cost of obtaining investment advice
- - - - - - - -
Investment administration costs
- - - - - - - -
Intellectual property licencing costs
- - - - - - - -
Rent collection, property repairs and
maintenance charges 5,708 - - 5,708 10,230 - - 10,230
- - - - - - - -
Total expenditure on raising funds 6,916 - - 6,916 11,432 - - 11,432
Expenditure on charitable activities:
Grants 334,865 - - 334,865 313,375 - - 313,375
- - - - - - - -
- - - - - - - -
- - - - - - - -
Total expenditure on charitable
activities 334,865 - - 334,865 313,375 - - 313,375
Separate material item of expense
- - - - - - - -
- - - - - - - -
- - - - - - - -
Total - - - - - - - -
Other
Independent examination - - - - - -
Travel 174 - - 174 157 - - 157
Professional fees 1,647 - - 1,647 2,148 - - 2,148
- - - - - - - -
Total other expenditure 1,821 - - 1,821 2,305 - - 2,305
TOTAL EXPENDITURE 343,602 - - 343,602 327,112 - - 327,112
Other information:
Analysis of expenditure on charitable activities
This year Last year
Activities Grant Activities Grant
Support Total this Support Total last
Activity or programme undertaken funding of undertaken funding of
Costs year Costs year
directly activities directly activities
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£ £ £ £ £ £ £ £
Young people - - - - - -
Activity 2 - - - - - - - -
Other - - - - - - - -
Total - - - - - - - -
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Section C Notes to the accounts (cont)
Note 7 Extraordinary items
Please explain the nature of each extraordinary item occurring in the period.
| Extraordinary item 1 Extraordinary item 2 Extraordinary item 3 Extraordinary item 4 Total extraordinary items Description Transfer of investment properties from The Alan Brailsford and Dorothy Brailsford Charitable Trust Transfer of bank balance from The Alan Brailsford and Dorothy Brailsford Charitable Trust |
This year Last year £ £ 847,145 7,528 - - - - - - - 7,528 847,145 |
|---|---|
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Section C Notes to the accounts (cont)
Note 11 Paid employees Please complete this note if the charity has any employees.
11.1 Staff Costs
| This year: Last year: Salaries and wages Social security costs Other employee benefits Total staff costs Pension costs (defined contribution scheme) Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party |
This year Last year £ £ - - - - - - |
|---|---|
| - - |
|
Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.
No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000
| £60,000 to £69,999 £70,000 to £79,999 £80,000 to £89,999 £90,000 to £99,999 £100,000 to £109,999 Band Please provide the total amount paid to key management personnel (includes trustees and senior management) for their services to the charity. For specific amounts paid to trustees, see Note 28. |
This year Last year - - - - - - - - - - This year Last year £ £ - - Number of employees |
|---|---|
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| 11.2 Average head count in the year The parts of the charity in which the employees work |
Fundraising Charitable Activities Governance Other Total |
This year Last year Number Number - - - - - - - - |
|---|---|---|
| - - |
11.3 Ex-gratia payments to employees and others (excluding trustees) Please complete if an ex-gratia payment is made.
Please explain the nature of the payment Please state the legal authority or reason for making the payment
This year Last year This year Last year
| Please state the amount of the payment (or value of any waiver of a right to an asset) |
This year Last year £ £ - - |
|---|---|
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11.4 Redundancy payments
Please complete if any redundancy or termination payment is made in the period.
| The nature of the payment (cash, asset etc.) Total amount of payment Please state the accounting policy for any redundancy or termination payments The extent of redundancy funding at the balance sheet date |
This year Last year £ £ - - This year Last year £ £ - - |
|---|---|
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Section C Notes to the accounts (cont)
Note 13 Grantmaking
Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.
This year:
13.1 Analysis of grants paid (included in cost of charitable activities)
| Analysis Young people Activity or project 2 Activity or project 3 Activity or project 4 Total |
Grants to institutions Grants to individuals 334,865 - - - - - - - |
Support costs Total £ £ - 334,865 - - - - - - |
|---|---|---|
| 334,865 - | - 334,865 |
Please enter “Nil” if the charity does not identify and/or allocate support costs.
13.2 Grants made to institutions
| 13.2 Grants made to institutions | |
|---|---|
| Yes No TOTAL GRANTS PAID Purpose Names of institution My charity has made grants to particular institutions that are material in the context of its grantmaking. Details of the institution supported, purpose of the grant and total paid to each institution is available on the charity's web site. Other unanalysed grants Total grants to institutions in reporting period |
Please provide details of charity's URL. Provide details below Total amount of grants paid £ - - - - - - - - - - |
| - | |
| - - |
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Last year:
13.3 Analysis of grants paid (included in cost of charitable activities)
| Analysis Young people Activity or project 2 Activity or project 3 Activity or project 4 Total |
Grants to institutions Grants to individuals Support costs Total £ £ 83,594 0 0 83,594 - - - - - - - - - - - - |
|---|---|
| 83,594 - - 83,594 |
Please enter “Nil” if the charity does not identify and/or allocate support costs.
13.4 Grants made to institutions
| My charity has made grants to particular institutions that are material in the context of its grantmaking. Details of the institution supported, purpose of the grant and total paid to each institution is available on the charity's web site. |
Yes Please provide details of charity's URL. No Provide details below |
|---|---|
| TOTAL GRANTS PAID Names of institution Purpose South Marches District Scout Council Rebuilding of District Scout Headquarters Total grants to institutions in reporting period Other unanalysed grants |
Total amount of grants paid £ - 280,000 - - - - - - - - |
|---|---|
| 280,000 | |
| - 280,000 |
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Section C Notes to the accounts (cont)
Note 17 Investment assets
Please complete this note if the charity has any investment assets.
17.1 Fixed assets investments (please provide for each class of investment)
| Cash & cash equivalents Listed investments Investment properties Social investments Other Total Carrying (fair) value at beginning of period 277 695,963 336,390 - - 1,032,630 Add:additions to investments during period 155,949 - - 155,949 Less:disposals at carrying value - 156,208 - 155,949 - 176,390 - - - 488,547 Less: impairments - - - - - - Add: Reversal of impairments - - - - - - Add/(deduct):transfer in/(out) in the period - - - - - - Add/(deduct):net gain/(loss) on revaluation - - 12,849 - - - 12,849 Carrying (fair) value at end of year 18 527,165 160,000 - - 687,183 Please specify additions resulting from acquisitions through business combinations, if any. |
Cash & cash equivalents Listed investments Investment properties Social investments Other Total 277 695,963 336,390 - - 1,032,630 155,949 - - 155,949 - 156,208 - 155,949 - 176,390 - - - 488,547 - - - - - - - - - - - - - - - - - - - - 12,849 - - - 12,849 |
Cash & cash equivalents Listed investments Investment properties Social investments Other Total 277 695,963 336,390 - - 1,032,630 155,949 - - 155,949 - 156,208 - 155,949 - 176,390 - - - 488,547 - - - - - - - - - - - - - - - - - - - - 12,849 - - - 12,849 |
|---|---|---|
| 18 | 527,165 160,000 - - 687,183 | |
.
Please note that Fair Value in this context is the amount for which an asset could be exchanged between knowlegable and willing parties in an arm's length transaction. For traded securities, the fair value is the value of the security quoted on the London Stock Exchange Daily Official List or equivalent. For other assets where there is no market price on a traded market, it is the trustees' or valuers' best estimate of fair value.
17.2 Please provide a breakdown of investments shown above agreeing with the balance sheet row B04 differentiating between those held at fair value and those held at cost less impairment.
| This year: Analysis of investments Cash or cash equivalents Investment properties Last year: Analysis of investments Cash or cash equivalents Investment properties Listed investments Social investments Listed investments Other investments Total Social investments Grand total (Fair value at year end+Cost less impairment) Other investments Total Grand total (Fair value at year end+Cost less impairment) |
- - Cost less impairment 527,165 - Fair value at year end £ - £ 18 160,000 - - - |
|---|---|
| - £ £ - - - Fair value at year end Cost less impairment 277 - 1,032,630 - 695,963 - 336,390 1,032,630 687,183 687,183 - - |
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17.3 If your charity holds investment properties, please complete the following note:
| (i) Explain the methods and significant assumptions in determining the fair value of investment property held by the charity (ii) Name or independent valuer, if applicable, and relevant qualifications (iii) Provide details of any restrictions on the ability to realise investment property or on the remittance of income or disposal proceeds (iv) Explain any contractual obligations for the purchase, construction or development of investment property or for repairs, maintenance or enhancements |
This year Last year Held at probate value from settlor's estate Held at probate value from settlor's estate |
|---|---|
17.4 Please provide a breakdown of current asset investments, if applicable, agreeing with the balance sheet.
| 17.5 Guarantees Social investments Other investments Please provide details and amount of any guarantee made to or on behalf of a third party Name of the entity or entities benefitting from those guarantees Please explain how the guarantee furthers the charity's aims Analysis of current asset investments Cash or cash equivalents Listed investments Investment properties Total |
£ £ This year Last year - - - - - - - - Last year - - - This year - |
|---|---|
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CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts + + 4 Section A Independent Examiner's Report Report to the trustses rigrilj ' The Brallsford Charity On accounts for the year •ndod 31 March 2025 Charlty no (If any) 1198153 Set out on pages I report to the trustees on my 8xaminatlon of the accounts of the above charity ('the Trusf) for the year ended Responsibilities and basis of report AS the charity's trustees, you ar8 rasponsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the AcV}. I report in respect of my examination of the Trust's accounts carried out under section 145 of th6 2011 Act and in carrying out my 8xamination, I have followed all the applicable Directions given by the Charity Commission under saction 14515)(b} of the Act. Independent examiner's slatement I have completed my examination. I confimi that no matèrial matters have Come to rny attention in connection with the examinatlon which gives me cause to beli8V8 Ihai in, any material respect: the accounting records were not kept in accordance wlth section 130 of the Charities Act. or the accounts did not accord wlth thè ac¢ountlng records,. or th8 accounts did not comply with the applicable requir8m8nts conc6rnlng tha form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 oth8r Ihan any requirement that the accounts give a 'true and fair, view which Is not 8 matter onsidered as part of an independent examination. I have no concerns and have come across no other matters in conn6ctlon with the 8xamination to which attention should be drawn in this rgport in ord8r to enable a proper understanding of the accounts to be roached. Slgned.. Date: 2510112026 Name: Andr8w Alexander Houston Rolevant professional qualificatlonls) or body {If any): ICAEW Addrass. Marshall Business C8ntre, Faraday Road. Hereford HR4 9NS IER Oct 2018
Section B Di.%closure Only complete if th8 examin8r needs to highlight material matters of concern (see CC32, Ind8pendent axamlnatlon of Charity ac¢ount8: difectlons and guidanc&for examlners). Glve herg brfef dotails of any Itgms that the oxamlner WISh to dl8c1080. IER Oct 2018