## **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**
**----- Start of picture text -----**
SORP reference
**----- End of picture text -----**
|**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.|
**----- Start of picture text -----**
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
**----- End of picture text -----**
## **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**
**----- Start of picture text -----**
Charity name The Brailsford Charity
Other name the charity uses
Registered charity number 1198153
Charity’s principal address 19 Prospect Place
Swindon
SN1 3LQ
**----- End of picture text -----**
## **Names of the charity trustees who manage the charity**
**----- Start of picture text -----**
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
**----- End of picture text -----**
## – 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|
CC17a (Excel)
28/01/2026
2
## **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;**_
CC17a (Excel)
28/01/2026
3
**----- Start of picture text -----**
(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.
**----- End of picture text -----**
## **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).
**----- Start of picture text -----**
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
**----- End of picture text -----**
CC17a (Excel)
28/01/2026
4
_**(iii) the amount of the correction at the beginning of the Not applicable earliest prior period presented in the accounts.**_
CC17a (Excel)
28/01/2026
5
## **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**
**----- Start of picture text -----**
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
**----- End of picture text -----**
CC17a (Excel)
28/01/2026
6
**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**
**----- Start of picture text -----**
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)
**----- End of picture text -----**
CC17a (Excel)
28/01/2026
10
## **Section C Notes to the accounts (cont)**
## **Note 6 Analysis of expenditure**
**----- Start of picture text -----**
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
**----- End of picture text -----**
CC17a (Excel)
28/01/2026
11
**----- Start of picture text -----**
£ £ £ £ £ £ £ £
Young people - - - - - -
Activity 2 - - - - - - - -
Other - - - - - - - -
Total - - - - - - - -
**----- End of picture text -----**
CC17a (Excel)
28/01/2026
12
## **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|
|---|---|
CC17a (Excel)
28/01/2026
13
## **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**|
|---|---|
CC17a (Excel)
28/01/2026
14
|**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**
**£**
**£**
- -|
|---|---|
CC17a (Excel)
28/01/2026
15
## **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**
**£**
**£**
- -|
|---|---|
CC17a (Excel)
28/01/2026
16
## **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 £**
-
-
-
-
-
-
-
-
-
-|
||**-**|
||-
-|
CC17a (Excel)
28/01/2026
17
## **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|
CC17a (Excel)
28/01/2026
18
## **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
- -|
CC17a (Excel)
28/01/2026
19
## **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**
-|
|---|---|
CC17a (Excel)
28/01/2026
20
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