Charlty nlber. 205274 BERKSHIRE NURSES AND RELIEF IN SICKNESS TRUST TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
BERKSHIRE NURSES AND REUEF 14 SICKNESS TRUST CONTENTS Page RgforgnGe and admlnlstratlve detslls of the ¢h*lty, Its Trustses and advlsers Trustees. report Independent examlnef$ report StatgmBnt of flnanclal acllvilitis BalanG? sheet Notos to the financlal statsm•nls 9-16
BERKSHIRE NURSES AND REUEF IN SICKNESS TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, rrs TRUSTEES AND ADVISERS FOR ThE YEAR ENDED 31 IAARCH 2025 Ms H Alexander Mr R Christian {resbJned 9 April 2024) Mrs F Connolty Mrs L Damani Mrs A Farley Mr R Newham Mrs L Palmer. Chair Mrs F Simpscffl. Wi¢e Chair Mr W Gibbons (restrJned 10 February 2025) Ms O Christian Ms L Sansom (appoint 2 Juty 2024> Charlty roglsterod number 205274 Prlnclpal offl¢e BNRST PO 8ox 3283 Readir Berkshire RG19QA 5gGfotsry Ms V Woodley Troasurer Mr S ¥Vdden AcGounlants James Cowper Kreston Chartgred AcccNJntanls Reading Brmjge House George Street Reading Berffshire RG18LS Bankevs Bardays Bank 93 Broad Street Reading RG1 2HD CCLA Investment Managern8nt Lld One Angel Lane London EC4R 3AB
BERKSHIRE NURSES AND REUEF IN SICKNESS TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trust was established under a Scheme dated 25 April 1980 lo provide financial assistance lo retired nurses who worked in Berkshire and to persons resident in Berkshire (and ttb)se parts of Oxfordshire which used to be in Berkshire wor to 1974) are in need thIgh sickness LY dsability. In some respects, this has a diifuli for the Trust as we not have Ihe support of Ihe HonoTary Secretary for several months, causing some of the regular refeerS to assum& that the Charity was no longer funclioning. Once this was realised ar corre(ed the numbers of aPpkncalns in(Trased ¢CSIderably. Indeed, during this finanryal year 42 grants were male to indivr[a1S lotalling £29,852 (2023124 - 21 grants totalling £10,201). The smallest Grant vras £155 for 1krng and the highest award was £10.000 for a stand9 wheelthair. 14 grants were made lo (Trgani5atirffls totalling £60,162 { 2023124- 6 grants totalling £22,689). The task of assessing awlications between meetrus has been wried out by Ms. H Alexander. Ms. O Chrfstian. Mrs. F Connolly. Mrs. L Damani. Mrg. A Farley. Mr. W GibS, Mr. R Neam. Mrs. L Palmer, Ms. L Sansom and M$. F Slmpson. Two Trustees retired during the )ear: Mr. R Christian in April 2024, aThJ Mr. W Gibbons in February 2025. One new Truslee was appointed during the year. Ms. L Sansom in July 2024. The remains on8 vacancy. P11¢ Benefft The public benefrt from the Trusfs activit5 IS trf)th S}sn11a1 and expedits. vthin the Tnjsvs constitution. Access is via slalulory and volunlary caring Nganizations, &xial seICe$ Departments and Housing Departments. Health Aut1118S. CiknzerbS AdvKe Bureau eto. lo whcrfn the exlsten¢e of the Trust is well known. As in prev$ years the majority of our aFVliGalV were for wtiite goods or flooring. these needs being identified by Housing SupFQrt stsff and othws d8altry ith peop being rehoused. We have a150 received a number of qUestS for grants for FKJuse and garden dearance to tffovide a Safe enVIrment or lo prevent eviction. O¢¢a&onally the need has been urgent. l am pleased to report that Twslees have been able to resr4)nd swiftly Nthen required (for examk4e for emergerw chikl care suprx)rt ovw the weekend) and the Chair has disetiOn when required. As the number of ir¥JivMJual applicatKKks h1 been reduws in recent the Truslees Tecowized Ihal greater number of people cOd be assisted rf ¥•P luvvJed more of ihe sUPKrt and tlwapeutic agencies. Hen the In¢aSe in antS awarded to ganisatior dn9 this financial year. These organisational grants ranged from £450 for art therapy within a ho¥xtal setting to £11,440 to fund horticultural therapy for a tsvelve-month period. enabling this to be a free seThice to users. Grants within these two extremes have. for example. ¢onlrd)uled lo counsdling serwces fcK yY)ung pecyle, set up costs fof a Parish Nutse. play therapy for children who have experienced trauma. and replacement equIpff1 for a therapeutic gym. 2. In¢ome & Expenditure for the Year The revenue income of the Trust for th8 ypar eIed 31st March 2025 was £101,653 an incraasa of £9,762 ¢cfflpared to 2023124 or 10.6%. This was due to an increase in in¢oThE Ircffi investmenls. Expenditure for the year was £101.699 made as 2024r25 2023r24 Grants lo Individuals {net) Grants lo OrganisalM)ns Administrative eXnSeS Total Expenditure Excess of Income over Expenditure £10.095 £22,689 £12 187 £44.971 £60.162 £11865 £101.699 £101.653 £91.891
BERKSHIRE NURSES AND REUEF IN SICKNES8 TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 3. Investments and Oth•r Assets (8) The net assets of the Trust as al 31st March 2025 amounted lo £1,832,408 (202312024 - £1,781,403>. The common investrnent funds are shown at market pri on that dale. 2024r25 £ 1,707,166 £ 127,486 396 £ (2,640) £ 1.832,408 2023r24 £1.656.115 £ 127.448 Investments Current and deposit account SurKlry debtor Less sufKlry creditors £ {2,160) £1.781.403 (bl The market value of the Trust's orKJinal investments increased by £51,051 compared to the balance sheet figure for 2023124. Thi5 represents an in¢ase crf 3.08%, reflecting improved UK stock market conditions during the year. The amount of reserves hekl at th8 31st 2025 was £1.832.408. The Tnjst's policy is to award grants as well as covering administration expeThJibJre up lo the amLwnt ol income generated by the Trust's inveslments, therefore maintaining the level of reseNes. The Trustees w(xld consmler red1rJ the level of reserves in the event of agreed grdnt applicatiS exceeding in any given year. Other The Trust's investment objectives are for a balanced retum from income and from capital growth. 11 should be noted that the Trnstee Act 20(M) creaj Wid of investment for Trustees. Also. a new safeguard for beneficiaries was intrCKlUd in the fomi of a statutory duty ol ca. The COIF Charities Deposit Fund represenis a c&8h reserve. Its wrpose is io smooth cash flow during the year and lo provide lor ¢tIngenCieS such as ants in excess of in a partic#Jlar year. Annual Goneral IAgellng The Annual General MeetiThJ of the Trust VAS held on 1st October 2024 in Re&Jing. Ten Tru$lee$ were present. Th8 minutes of the forty third Annual General Meetw)g were approved following slight amendment and signed. The forty fourth Annual Report was presented by the Chairman aTrJ was adopted. The Ac¢ounls for Ihe period 1st April 2023 to 31st March 2024 were presled by the Horrfyary Treasurer and were adopted. Appolntm¢nt of the Chalnnan of Truste•s Mrs. L Pakner was appolnted as ChaiThnan ftff the 2024r2025. The aFwinlmenl was prcyosed by Mrs. A Farley and seconded by Ms. L Sansom a1 unaniffwsly adq)ted. Appolrbtment of Vlco4halnnan Ms. F Simpson was awointed as ViCe-Chaimn for the yEar 202412025. The apwintmwjl was proposed by Mrs. L Palmer and seconded by Mws. A Farfey and unanimw* adcwd. Appoln¢ment of Honwdry Treasurer Mr. S Wilden was rwwinted as Fth)rary Treasurer for the year 2024t2025.
BERKSHIRE NURSES AND REUEF IN SICKNESS TRUST TRusfEES' REPORT (coKllNUED) FOR THE YEAR ENDED 31 MARCH 2025 10. Appolntment of Honorary Secretary Mrs. S Witten was re-app)inted as Honorary Seuet8ry for the year 202412025. Since the Annual General meeting Mrs. Witten left the Charity during December 2024. Mrs. V Wwdleywas app)inled as Honorary Secretsry from 14th April 2025. 11. Appolntrnent ol the Body of Tnmtees The Body of Trustees comprises, when ccrfnptete. ten Cwted Trustees. Vacanci8s are filled by Nomination and Election al Trust meetings. as per the Trust SchenE. Trustees usually serv8 ts a period of four years beth re4eclion. Mr5. L Palmer (Chairman) ApF#)iTrted for fJr ar5 with effect from 4th July 2022 Ms. F Simpson IVKe Chaim)anl Re-apprAnted for frxw Jpars wilh effect from January 2023 Ms. H Alexander Re-appointed four sears with effect from 6th 2021 Mr. J R Chrislian Re-appc#nted for four years with effeth from 12tt) March 2019 Retired Y1h effed from 9th April 2024 Ms. O Ctrwistian Apwinted for frmjr arS ith effect from 9th January 2024 Mr5. F Connolly Re-apwinted lor four years with effect frc*n 2nd Octther 2023 Mrs. L Damani inted lor four rS with effect Irom 9th January 2023 Mrs. A Far18y Appoinled Ir >Ears Ilh effect from 111h January 2022 Mr. W Gibbons ApFKWbted four sears with effect fmm 4th Awil 2022 Retired with effect from 10th February 2025 Mr. R Newham Rprappoinled for four year5 with effect from 6th July 2021 Ms. L Sansom Apwited f(wJr spars ilh effect 2nd ju 2024 12. Appolnlment of Independent Examlners James Cowper Kreston were re•8pnIed IndepeIent Eyamirws of the Trusl for th8 year 2024125.
BERKSHIRE NURSES AND REUEF IN SICKNESS TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13. Trust M¢etlngs Five meetings of the Tmsl (indudirKJ the Annual G8neral M8elir@) were held in the accounting period for the year 202412025. Apkyoved by (Kder 0ftr memtws of the board of Trustees arml syjned on their behalf ty. Mrs L Palmer Chairman Date..
BERKSHIRE NURSES AND REUEF IN SICKNESS TRUST INDEPENDEKf EXAMINEFfs REPORT FOR THE YEAR ENDED 31 MARCH 2025 Indapgndent EmInerS Rwrt to the Truste95 of Berkshke NuryJes and Rollef In Slckness Tt Iyhe ¢harlty') I rei>)rt to the charity Trustees my examinalM)n of the tunts of the tharity for the year ernled 31 March 2025. Responslblllllgs and Basls ol Report As the Trustees of the chty are responsible for the rwrdlK)n of the ac())unts In accordance with th8 requirements of the Chwities Act 2011 flhe 2011 Acr}. I report in resped ol my examinatlon of the charivs acc4)unts out under se¢tM)n 145 01 the 2011 Act and carrwng wl my examinalion I have f0knyhd the appble LlrecthY6 given by Charity Commlssion under section 14515)(b} of Ihe 2011 Act Independent Examlnfrrfs Statement Your attention is drawn lo the fact that thg charity has wePad the xcounls in aCrdarte wilh Account9 and Reporting by Charitts: Statement of Re¢(mended Practre apFlicab18 to charItS preparing Ihair accounts in acCOrdae wth the Financ4al Reporting Standard apFdicable in ts UK and Republic of Ireland {FRS 102) in preferee to the Accounting and Reporting by Charities: Statement of RecommerKled Practice issued on 1 April 2005 which is referred to in the exlant regulations Ixrt has beerb ilhdTawn. l understaThJ that this has been done in order for the acc¢yJnts lo pro¥KJe a true and fair view in accordan with the Generalty Accepted Accounting Practic8 effective for repon9 periods begnIng on or after 1 January 2015. I have completed my examination. I c{firn that rK> matters have come lo my attention in connecllon with the examination giving me cause lo believe that in any materd spect. accounting reccrtds were not kept in respect of the ¢harity as required by section 130 of the 2011 Act; or the accounts do not comply wilh Ihe aFylicabte requirements concemiry thg fomi and Content of accounts set out in the Charities (Accounts and Reports) Regulatior6 2008 other than any requirement thal the accounts give a Inje and fai¢ vr8w which K8 not a matter considered as part of an independeDI examination. I have no ¢oncems aTrJ have come across no other matters in connection wth the examination to which attention $IUld be drawn in this report in order to enable a prcw uThJerstarKJing of the accounts to be reached. This report is made solely to th8 charity$ TTUSte8s. as 8 bcrfly. n accordance Part 4 of the Charities {A¢counts and Reports) Regulaliorts 2008. Pty work has been urKlertaken so that I might stale lo the ¢haritVs Trustees those matters l am required to stste to them in an Independent exanNnerfs report and for M other purpose. To th8 lullest extent permitted by law. I do not p1 or assume responsibility to anwne Otr than the ¢harity and the charitys Trustees as a body. for my work or for this report. Signed: Darren O'connor Bsc (Hon5} FCA ACCA James Cowpef Krg$ton Chartered Ac¢ountanls ReadiNJ Biidgg House George Street Reading RK¥rlrohir
BERKSHIRE NURSES AND REUEF IN SICKNES8 TRUST STATEMEKf OF FINANCIAL ACTivmES FOR THE YEAR ENDED 31 MARCH 2025 T¢)tal funds 2025 Total fvnds 2024 nds 2025 funds 2025 Income and endowments from: Investments 101.653 101,653 91.891 Total Incom• and endowments 101.653 101,653 91.891 Expendlture on: Charitable activities 101,699 101.699 44.972 Total expenditure 101,699 101.699 44,972 Net (expendir¢yOn¢om0 bofore not galnslllos5es) on investments Net gainslllossesl on investments (46) 51.051 46,919 119.231) 51,051 Net movement In funds 51.051 51.005 27.688 Ro¢on¢lllatlon of fvnds: Total funds brght ftxward Net movement in fvnds 127255 {461 1,654.148 51,051 1.781.403 51,005 1.753.715 27,688 Total funds lI1¢d fonvard 127209 1.705.199 1,832A08 1.781.403 The Statement of Fina18[ AclIeS wxaudes al gam and k)sses recowi5ed n th8 yeai. The notes on pages 9 to 16 form part of these finuKial statemts.
BERKSHIRE NURSES AND REUEF PI SICKNESS TRUST BALANCE SHEEr 8 AT 31 MARCH 2025 2025 2024 Fixod assets Investments 1.707.166 1,656,115 1,707,166 1.656.115 Current assets D&bt$ Cash al bank and in hand 127A86 127.448 127.882 127,448 Current Ilabilitles Creditors: amounts falling A•thln one year (1640) {2.1601 Net curr•nt assets 125,242 125.288 Totsl net ass¢ts 1,832.408 1,781,403 Charfty funds Endowmgnt funds Unrestricted funds 10 10 1,705.199 127209 1.654,148 127,255 Totsl funds 1.832A08 1,781,403 The financial statemenls were approved and aUtIMi fc issue by Ihe Tnjstees and signed on th8ir behalf by.. Mrs L PaIr Chaimian Date: The notes on pages 9 to 16 fomi part of Ihese finanwl statements.
BERKSHIRE NURSES AND REUEF IN SICKNESS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ountlng pollcles 1.1 8asls of pr•paratlon of financlal statem The financi81 ststernents been preped in aCIrdan ¥th the Chartties SORP (FRS 102) - Accounting and Reporting by Charilies: Statement of Recommended Practice applicable lo chariknes preparing their acc¥Junts in aCCordare th the Financial RerMYting Standard applicable in the UK and Republic of Ireland IFRS 102) (effeclive 1 January 20151. th8 Financial Reporting Standard applicatda in the UK and ReliC of IrelaTrJ IFRS 102) and the Charities Act 2011. The financial slalements have been prepared lo Give a 'true and fairf view and have departed from the Charili8s {Accounls and Repts> R8gulatKmS 2008 onty to exlenl req(#red lo provide a 'tnJe and fairf view. This departure has invow folowing the Charits SORP {FRS 1021 published October 2019 rather than the Accounting and Repcrtiry by Charits Stslement of Recommended Praclice effective frcKn 1 Awil 21J05 has since been withdrawn. B8rkshire Nurses and Relief in Sickness Trust meets the deffftilion of a public benefit entity under FRS 102. Assets and liatHlities are initialy recognised al hithiral cost or transaction valu& unless otherwise ststed in the relevant a(XoUnlr FM)licy. 12 Funds structure The Charity has an eXpere eThJ¢yAThnl fund. (Trated by a scheme dated 25 April 1980. The trustees appty all the income, and al thew discretion the whole or part of the property of the charity. All in)rne is treated as being unr8strKaeil. Unrestricted income fvnds comprise Ihcw fuThJs thich the trustees are free lo use for any purpose in furthwance of the charitabk object& 1.3 Income All income is recognised On the charity has entitlement to the In(Jne. it is probable that the income will be receNed and the amcxjnt of inc•Th recerwdL4e can mea5ur8d reliably. Interest on furKls held on deposit is uicbjjed when receivable and amount can be measured reliably by the charity. IS is [allY UFX)n Th)t[rtiOn of the interost paid or payable by the bank Institution whom the funts are deposited. Dividends we rectyjnised orTh dedared and rvXifi¢ation ha5 been receNed of the dlvKlend due. 1 A Expgnditure Liabilities ar8 recognised as expenditu as %)on as there is a al or constsuctive obligatn committi'ng the charity lo the expen(fiture. li wctsble that setuement 411 be requed aThl the arnounl d the oblJation can be measured reliabty. All expeIltUre is accwnted for an accxuals basis. Expenditure is recognised once there is a legal or constructive oblKJation to transfer economic benefit to a third paty. it is probable thai a Iransfer of economic benefits 711 b8 required in settlement and the amount of the obligation can be measured reliakty. Expenditure is dassified by aclNity. The costs of each tIvIty are made up of the lotal of direct costs arKI shared costs. induding support costs invc4ved in undertaknng eath activity. Direct costs attrthlable to a sing18 activity are allocated dlwlly to that aclivty. Shared wsts which contribute lo more than one activity and support costs which a not attributable to a single activity are apFM)rtioned between those aGtivities on a basis consislenl with the use of oUrCeS. Central slaff costs are aHo&2ted on Ihe basis of time spenl. and depre¢ialion charges alhxated on the porlicm of the assefs use.
BERKSHIRE NURSES ANO REUEF IN 8ICKNES8 TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ounllng pollcles (conllnu¢d) 1A Expendlthre {contlnuedl Expenditure on charitabfe activities inc#Jrred on dire¢ty undertaknng the aclivib8s which further the charitys objectives, as wel as any assoated suppcrt costs. Grants payable are chard in the year when the offer is made eXp1 in kne cases where the offer is ujndibonal, suth grants beiThJ recognised as experKli1u when Ihe conditions attaching are fuFllled. Grants offered subject to conditions have noi been mel at the year end are noted as a commitrrwt. but not acuued as expenditure. All expenditure 15 indus1 of irr0ve(abIe VAT. 1.$ Charftsble actlvltles Costs ol clwritable actI11eS grants made to irKlividuals and organisations. SL¥Wrt wsls and govemance costs. Supwrt costs comprise all day to day costs of administering the Charity and making syanl payments. These Ind1¢ those for OffS. stslKffW. printin9. Postage. and th& cost of the $e¢ret8Ws honorarium. Govemance costs comprise al costs invdwng the public accountability of the charity and its compliance with regulalion goc#J wacbce. These costs. include the cost of the independent examination of the financial statements. treasurerfs Orariurn, sts of trustee meetings and travel ¢osts. 1.6 Investments Fixed asset investrnents are a fomi of finanoal inslrumenl and are llIallY recognised at Ihelr transaction cost and subsequently measured at fair value at the statenI of Financial Position date, unless the value cannot b& rneared reliably in case tt is measured al cost less impairment. Investrnent gains and losses. tthether reallsed or unrealised. are CA)mbined and presented as 'Gainsl{Losses) on inveslments. in the Slalemert of finarKial ivilies. 1.7 Debtors Trade and other debt(xs are rec4)gnised at the settlwnent am(nI after trade discount offered. PrepayTnents are valued ai the anw)unt Fryaid net of any trade discounts due. 1A Cash at bank and in hand Cash at bk and in hand indth cash aNI shcrt4enn highly liquid investments with a shcrt malurity of Ihree monlhs or less from the date of arwi&lion or opening of the de[1 or similar account.
BERKSHIRE NURSES AND REUEF IN SICKNE88 TRUST NOTÉS TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Inv8Blment Inco Unr¢$trictsd funds 2025 Total funds 2025 Total funds 2024 Investment irmne COIF deposit acccxjnl interest Bank interest 98,304 1.761 1.388 89.489 1,729 673 1.761 101.653 101,653 91.891 Total 2024 91,891 91,891 Analysls of grants Grants to Grants to Institutions Indivlduals 2025 2025 Total funds 2025 Total funds 2024 Grants .162 29.672 B9.834 32,785 Total 2024 10,096 32.785 Th8 charity has made the fdkywing malerial grants to inslltuts dumg the year: 2025 2024 Namg of Institutlon Ridgeline Trust Younger People with Dementia Parents and Children Togeth Torch Hub Clear Sky Brave Mind Berkshire Health and Well Being Social Ertsrpyises Community Outreath and CrellIng Douglas Bader Foundation 10.01)0 9,240 5.000 s.000 5.000 5,000 8.589 5,5C(J 50,680 19,089 Oiher grants lo inStitunS
BERKSHIRE NURSES AND REUEF IN SICKNESS TRUST NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 MARCH 2025 Analysls of expendllwe by a[vId Grant funding of ¥tivities Support costs 2025 Total funds 2025 Total funds 2024 2025 Charitable a(IMties 89.834 11.865 101,699 44.972 Totsl 2024 32.785 12.187 44,972 Analysls of support Gosts Total funds 2025 Total funds 2024 Printing and slatiwery Secretary- Honorarium Secretary- office healiTh3 Gifts TreaSur- Honorarium Govemance costs S203 1.251 27 2,481 2.868 6,497 2,319 2.451 11,865 12,187 IndependoDt examln•fs rnmunornlion 2025 2024 Fees payable to ihe charity$ indep**Jent examiner for tt)& preparation iTrJep8ndent examinalirffl of the ¢hariWs annual aCcnts 2.640 2.1•
BERKSHIRE NURSES AND REUEF IN SICKNESS TRUST NOTES TO THE HNANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Tnte•s. romuneratlon and •xpenses Durlng the year. I) Tnjslees received any renNJneration oU)er benefits (2024- £NIL). During the year ended 31 Marth 2025 one trustee received a grfl of £27 from the Trust in gratitle for Ihelr service5. Other than the gift rK) trustee expenses have bew incurred (2024- £NIL) Flx¢d assot Inveslments Llsled securftles Cost or valuatlon AI 1 ApTII 2024 Revaluatlons 1,656.115 51,051 At 31 March 2025 1.707,166 Net b¢>ok value At 31 Mwth 2025 1,707.166 At 31 March 2024 1.656.115 Debtors 2025 2024 Due wlthln year Other debtors 396 396 Credltors: amounts falllng due T*lthln one year 2025 2024 AGcruals and deferred inc 2,160
BERKSHIRE NUR8E8 AND RELIEF IN SICKNESS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 10. Stat•m8nt of fund8 Slatomenl of funds . current yoar Balance al 31 March 2025 Balance at 1 Aprll 2024 Galnsl (Losses) Income Expendfture Unr•stricted funds General Fund$ 127255 101.653 (101.699) 127,209 Endowment funds Expendabb ErwJ¢ywment Funds 1.654.14B 51.051 1.705.199 Total of funds 1.781.403 101.653 (101.699) 51,051 1.832.408 The expendable endowment fund was established under a Scheme dated 25 April 1980 in order to assist retired nurse$ who worked in Berkshire lo help p8rsons resident in Berkshire who are sick, handrcapped or infirm. The unrestricted funds are av*ble to truslees to be spent in fLKIhefae of the charitys adivilies.
BERKSHIRE NUK8ES AND RELIEF IN SICKNESS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IAARCH 2025 10. Statemont of funds (¢iMrtinued) Statement of funds - prlor year Balance al 31 March 2024 Balance at 1 April 2023 Transfers inloul Galnsl (Losses} Unrostrlcted funds General Funds 130,336 91,891 {44.972) (SO.0) 127,255 End¢>wment funds Expendable Endowment FuThJs 1.623,379 {19,231} 1.654,148 Totsl of funds 1.753,715 91.891 (44.972) (19.231) 1,781,403 At the meeting held October 2023, the Tntstee's approved a trdnsfer of £50,OIXI from the Trusfs unrestricted fvnds lo ils endowment funds. The Trust's cash balaeS had reached a level significantly in excess of the amount required lo cover 12 months. expenditure commitments. Consequenlly, the decision was taken lo transfer £50.0(M) to fvnds generating a much great8r level of income. 11. Anatysls ol n8t assets between funds Analysls of not assets betwetn funds . curr•nt ye Unrestrl¢t¢d Endowment funds funds 2025 2025 Totsl funds 2025 Flxed asset investments Current assets Creditors due within one yEar 1.967 127.882 (2,640) 1.705,199 1,707.166 127.882 (2,640) Total 127.209 1,705.199 1.832.408
BERKSHIRE NURSES AND RELIEF IN SICKNESS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 11. Analysls of net assets between fvnds (conllnuedj Anatysls of net assgts b•tw•en funds- prfor y¢ar Unrestricted EThJowTnent funds fvnds 2024 2024 Tal nds 2024 FFxed asset investments Curr6nt assets Cr•Jitors due wilhin one )ear 1.967 127.448 <2.160) 1.654,148 1.656,115 127,448 {2.1601 Totsl 127.255 1.654,148 1.781.403 12. Related party Irans•¢Uons There were no related party trrnctions in the ret¥xtiThJ perDJ.