Charity registration number 1208290 (England and Wales) CIO No. CE036196 THE BERRIEDAEL TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED S APRIL 2025 THE BERRIEDAEL TRUST LEGAL AND ADMINISTRATIVE INFORMATION A Caplen B Clemons Rev L Ca￿￿en (Appointed 16 May 20241 (Appointed 16 May 20241 (Appointed 16 May 20241 Chalr A Caplen Chartty number (England and TPlales1 120829) CIO number CE036196 Principal address 41 Sevem Road Portishead Brist BS20 6NG Independent eurniner Fiander ETL Stag Gate5 House 63164 TheAvenue Southampton Hampshire S017 1XS Bonker¥ Nabonal KÈstminister Bank PLC 148 High Streel Chatham ME44RT THE BERRIEDAEL TRUST CONTENTS Page Tnjstees, re￿￿ Independent examinerfs report Slalement of financial actiwbes Balance sheet Notes to the financial statements THE BERRIEDAEL TRUST TRUSTEES, REPORT FOR THE PERIOD ENDED 5 APRIL 2025 The trustees present their annual rewt and finanual statements forthe penod ended 5 April 2025. The financi31 statement5 have been prepared in arxordanr* with the arujunting polioes Set out in note5 to the accounts and cornpty with the thanty's governing docurnent. the Charib"e5 Acl 2011 and Accounting and Reporting by Charities". Statemenl of Recornmended Practice appIl￿ble to thaiilTre$ preparing their accounts in acrA)rdance th the Finanaal Reporbng Standarf applicable in the UK and Republic of ITeland published in October 2019. Obleclives and actlvltles The chanty'5 pnnupal objective is". The relief of those in need, hardship or dislress are homeless or rough sbeepers andlor are suffering from or have Suffered from drug addiction or other forns of add￿tiOn ty Ihe provision of grants to other charitable organisations provided that such charitalje organisations shall operate in the countres of H8mp5hire andlor Dorset andlor the Unitary Authorrties of Southampton andlor Portsmouth. Funds for the charity weTe bequeathed from a deceased lady's estate, vlrth the difethon that they be used for specific purposes (which are in accordance wth those detsiled above). Andrew Caplen. one of the founding trustees, was appointed to administer Ihe distribution of these fvtnds via this chanty. The Berriedael Trust is a granl- makn'ng organisation rather than a'hands-on. opera￿onal thanty. The trustee5 have paid due regard to guidan￿ issued by the Charty CLNnmission on public tenefft in de￿dIng what activities the charrty should undertake. Aehiévem•nts and perfornianc• At present. The Berriedael Trust 15 essents81ty in a period ol 'set-UP' a$ fvl detsils of the available ftjnds are still awar(ed from the Solicr(ors admin15tering the above-mentioned eslate. It Is ants"apated that administration wll be completed in the eaty part of 2026. The Trustees have decided to wait until fuller detsils of funds are available before inviting grant applicationslmaking grants. Flnanclal Yevlew An interim payment of £350,0￿ vrd5 received from the estate S￿oI01S ￿ December 2024. No grants were paid during the accounting period. Reserves policy There is no reserves policy at present. The Berriedael Trusl does not propose emplwng any slaff or In￿rring any offir£ or otheT expenses as It is a grant- making organisation. The intention is to ubli5e Ihe lunds avaikble, and as and %then bjnds fall beh)w a set figure (probabty £50.0001. lo considerwnding-up the Charty. Structurp, governance and management The chanty was regISte￿d a chantable incorporaled oryani5abon Ichanty numbef 1208290,. CIO number CE0361961. on 16 May 2024 and is govemed by rts consbiut•)n. The trustees vtho seryed during Ihe penc*J and up to the date of signature of the finanoal ststements were." A Caplen B Clemons Rev L Caplen {Apwnted 16 May 20241 IAppointed 16 May 20241 {Apw"nted 16 May 20241 It has not been ryjnsidered necessary to recrurt addth.onal charity trustees to date. The constitubon contains details relating to the apwjintment ol new trustees as and when required. New trustees VAII be appointed in the light of the skillslexperti5e required al the relevant bme. THE BERRIEDAEL TRUST TRUSTEES. REPORT (CONTINUED) FOR THE PERIOD ENDED 5 APRIL 2025 The trustee$. report was approved by the Board of Trustee$. A Caplen Trustee Date.. 1%Th5 16 THE BERRIEDAEL TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BERRIEDAEL TRUST I report to the trustees on my examination of the finanrial strte￿nts of The Berr￿dael Trust (the charityl for the period ended 5 April 2025 vthich are set out on pages 4 to 9. Regponslbillties and basls ol report As the trustees ol the chartty you are responsible for the preparab.on of the financial statements in accordance wth the requirements of the Cha￿tieS AL1 2011. report in respect of my examination of the tharity's finanoal statements carried out under section 145 of the Charities Act 2011. In carying out my examination I have follcwed the D1￿ctionS gwen by the Chanty Commission under section 145151{bl of the CharityesAcl 2011. Independent examimrfs statemtrnt Since the Charity's gross income exceeded £250.IJOO. the independent examiner must be J member of a body listed in Section 145 of the Charities Act 2011_ 1 confinn thal l am qualffied to unijertake the examinab'on because l arn a member ol the Instrtute of Chartered Arxounlants in England and ￿les, which 1$ one olthe listed bodies. I have completed my examinabon. I confimi that no mattets have come to my attention in connection wth the examinats.on giving me cause to believe that tn any material ￿speCt.. accounting records were not kept in fespeci of the charrty as ￿quired by section 130 of the Charities Acl 2011. the financial ststements do not accord wth those records.. or the finanual staternents do not Comp￿ with the applits1￿e reqU1￿MentS conceming the form and content ol financial statements set out In the Charities IAco)unts and Reportsl Regulatsons 2008 other than any lequ1￿ment that the finanual statements give a true and fair view. which is not a matter considered as part of an independent examination. I have no concerns and have come across no other rnatte￿ in connethon the examination to whith attention should be drawn in this report in order to enatrAe a proper unde￿I￿ndIng of the ffinanryal statements lo be reached. Adam Buse, FCA Fiander ETL Stag Gates House 63164 The Avenue Southampton Hampshire S017 1XS Date.. THE BERRIEDAEL TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 5 APRIL 2025 Unrèstricted funds 2025 Notes Income from: Donations and legaaes 350.000 Total income 350.000 Expenditure on= Charitable athvthes 1.500 Total expendlture 1,500 Net income and movement In funds 348.500 Reconciliation of funds.. Fund balances at 16 May 2024 Fund balances at 5 April 2025 348,500 The statement of finanual aCtIv￿e￿ indudes all gains and bsses re￿nISed in the period. All incorne and expenditu￿ derive from conb"nuing actsvrf￿s. THE BERRIEDAEL TRUST BALANCE SHEET AS AT 5 APRIL 2025 2025 Notes Current ass•ts Cash at bank and in hand 350.￿0 Credltors.. amounts falling due withln ont y•ar 10 11.500) Net current assets 348.500 The funds ofthe charity UnrestriGted ftjnds 348,500 348.500 The finanoal slatements were appro¥ed ty the Irustees on ...................... .. A Caplen Trustee THE BERRIEDAEL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 5 APRIL 2025 Accountyng policies Charity Infonn￿l￿n The 8erriedael Trust is a chanlatrAe incrAporated rKganisab"on ICIOI re9iStered wth Ihe Chanty Commission in England & Wales. The prinupal address 41 Sevem Road. PO￿"shead, Bristol. 8S20 6NG. 1.1 Aeeountong eonv•ntSon The financaal 5tatemen15 have been prepared in awordance with the charitys Constitution, the Charities Act 2011. the Financial Reporting Standard applicab￿ in the United lfjngdom and Republic of Ireland IFRS 1021, Accounting and Reporting by Chanbes". Statement of Recommended Practsce applicable to ¢haribe5 preparing their accounts in accordance wrth the Finanual Reporbng Stsndard applicable in the UK and Republic of reland issued In October 2019, UK Generalty Accepted Accounting Pracb'ce and applicable charty law. The charity is a Public Benefft Enb"ty as defined by FRS 102_ The chanty has taken advantage of the prowsions in the SORP for thanb.es appty"¢ng FRS 102 Update Bulletin 1 not trj prepare a Statement of Cash Flow8. The finanual statements have been prepared to g￿e a 'true and fairf view and have departed from the Charities IAccounts and Reports) Regvlats'ons 2008 onty to the exient required to provide a 'true and fair view,. This departure has invofved following the Accounts"ng and Reportsng by Chanties.. Statement of Recommended Practsce applKable to tharibe5 preparing theif accounts in accordance wth the Finanual Reporting Standard applicable in the UK and Republic of Ireland Issued in October 2019 rather than the A¢¢ounts'ng and Reporbng by Chanbes. Statement of Recommended Pradice effectrve from 1 April 2005 vknich has since been wrthdrnwn. The finanual statements are prepared in sterfing. which is the fvnctional currency of the tharity. Monelary amounts in these financial ststements are rovnded to the nearesl £. The finanoal statements have been wepared under the histt)rical rnst convention. The prinopal accounb"n9 poli￿5 adopted are Set out below. 1.2 Going concern At the tsme of approwng the fjnancial statements. the trustees have a ￿asonable expectation that the charity has adequate resources to conbnue in operational existence for the foreseeable future. Thus the trustees ntinue to adopt the going concem basis ofaccounting in prepanng the finanual slatements. 1.3 Charitable funds Unrestncted funds are availabk for use at the discrebon of Ihe trustees in furtherance of their chariiable objectives. The charity has no restricled fvnds. 1.4 Income Income is recognised vA)en the charrty is legalty entsued to rt after any performance eondth.ons have been met, the amounts can be Measu￿ reliabty, and rt is pmbable that income wll be received. Legaries are recJ)gnised on rer£ipt or otherwise rf the tharity has been notsfied of an irnpending distribution. the amount is known. and receipt is expethd. If the amounl is not known. the le98ry is Ireated as a conb"ngent asset. THE BERRIEDAEL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 5 APRIL 2025 Accountong polKie• (Continued) 1.5 Expenditure Expenditure Is accounted lor i)n an acrJuals basis. i.e. wtten a liabilty is incurred. and indudes irrecoverable VAT. The cost of tharitable activities indut1es all costs incurred in delr4ering the charitys objectives and governance costs assoryate(I meeting the con5ti1ution* and 5talutory wuirements of the charty. 1.6 Cash and cash equivalents Cash and cash equNalents inthde ¢a¥h in hand. deposrts held at call *rylh banks. other short-tem liquid Investrnents with original maturities ol Ihree fflonths or ￿5. and bank o¥erdrnfts. Bank overdrafts are shown thin borTowings in current Ikabilrties. Basic financial 388ets Basic financial assets, which include debtor5 and cash and bank balances, are initialty measured at transadion prir2 induding transaction costs and are subsequentty carried al amorts'sed cost using the effective interest method unless the arrangement constitutes a finanryng transaction. where the transaction is measured at the present value of the futu￿ receipts d15counted at a markel rate of interest. Financial 8sset5 dassified as reCer¥ab￿ one year are nol amortssed. Baslc flnanclal Ilabilities Basic financial liabilrties. induding credrtor5 and bank loans a￿ inth.alty reccsnised at transaction price unless the arrangement con5trtutes a finanun9 transaction. ￿ere the debt instrument Is measured al the present value of the fijture payments discounted at a markel rate of interest. FinanL?al 11a￿"1￿"eS dassffied as payable within one year a￿ not amorfj"sed. Debt instruments afe subsequentty carried at arrK)fb"sed cosL using the effecbve interest rate method. Dere¢ognilaon of financial liabilities Financial liabilities are derecogni5ed when the char[￿$ c￿lIaCtual Obl￿atr)n$ expire or are distharged or ¢an¢elkd. crftlcal accounting e•timates and judgements In the applicab.on of the thartys accounting poli(ies. the trustees aTe wuired to make judgements. estimates and assumptsons about the carrying amount of assets and liabilibes that are not readity apparent from other sources. The estimates and associated assumpts'ons are based on historical expefience and other factors Ihat are considered to be relevant. Adual resulls may drffer from these estsmates. The estimates and unde￿.￿g assumpb.ons are reNiewed on an ongoing basis. Rewsions to aecounting estimates are recognised in the period in which Ihe estimate is revised where the revision affects onty that period, or in the period of the revision and fu1U￿ periods where the revision affects both curren¢ and fut￿ periods. THE BERRIEDAEL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 5 APRIL 2025 Income from donations and legacies un￿tricted funds 2025 Legaries 350,OCKJ Expenditure on charitable acti¥iti 2025 Support and governance cogts (see note 51 Govemance 1,500 Analysis by fund Unrestri¢Xed ftjnds 1.500 Support costs allt)cated to activities 2025 G0￿manCe costs 1,500 Analysed botwnen: Independent examination fees 1,500 Trustees None of Ihe trustees lor any persons conneded wrth Iheml receNed any refflunerabon or beneffts frorn the charity during the period. Employees There were no employees during the year. Taxation The charity is exempt from taxation on rts acbvitses because au tts In￿Me is applied charrtable purposes. Contingent asset Further payment5 are expected in respect of the fvnds bequeathed. However, as there is uncertainty regarding the amount due. no proviS￿n has been made in these accounts. THE BERRIEDAEL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 5 APRIL 2025 10 Creditors.. amounts falling due wlthSn one year 2025 Accrua15 and deferred Inr￿Me 1.500 11 Related party ￿nSaCtionS There were no d1sdosa1￿e related party transaL*ons during the year.