Charity r89Èstration number 209138 (England and WalBsl WILLIAM BROOKE BENEVOLENT FUND ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
WILLIAM BROOKE BENEVOLENT FUND LEGAL AND ADMINISTRATIVE INFORMATION Trustee8 B Cooper M R H Brooke M C 8rooke Charity number 209138 Reglstered office Brooke's Mill Armitage Biidgè Huddersfield We81 Yorkshire HD4 7NR Independent èxamlner V J Atkinson BK Plus Limited 52 St Johns L8ne Halilax Wesl Yorkshire HX12BW Bankers Co-operallve Bank 42 Victoria Lane Huddersfield HD12SX Ralhbone Greenbank Investments Port of Liverpool Building Pier Head Liverpool L3 1NW
WILLIAM BROOKE BENEVOLENT FUND CONTENTS Page Trustees report Independenl examiner's report Slalement of financial activities Balance sheet Notès to th6 financial statements 8.15
WILLIAM BROOKE BENEVOLENT FUND TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their annual report and financial 8talements lor the year ended 31 March 2024. Tho financial 51aletnents have been prepared in accordance with the accounling policies sel out in note 1 to the financi81 slalemenls and mmply with the chaiity's governing document, the Charities Act 2011. FRS 102 "The Financial Reporting Standard applicable in the UK 8nd Republic ol Iieland" and the Charitie8 SORP "Accounting and Reporting by Charities. Slalemenl of Recommended Practice applicable lo eh8rilies preparing their 8tcount$ in accordance with the Financial Reporting Standard applicable in the UK and Rtspublic of Ir¢land IFRS 1021" Objectives and activities The original objeclives ol the Trust were lo apply the income of the fund 'in helplng any ol the workpeopl$' of John Brooke and Sons Limited who needed benevolent help e.g. unemployrnenl or old age provision, The origin81 doed allowed Ihè Administrators to apply the funds for wider charitable purposes al their discretion and they are applying funds to support the North Light Gallery, a centre lor encouragin9 the participation and leaching ol health improvement, crealivily and thE arts. Vve ai8 focusing our activities as follows on.. Croalive (Art and DanTr Schools). Helping wilh food poverty Mental and physical health Heritage and Mill Preserv8tion bl dl Public benefit The trustees have paid due regard lo guidance issued by the Chwily Cornmission in deciding wh8t activities lh8 charity shoLsld undertake. Aehlèv•m#nis and pèrformanco Activities Vve CDnlinu& lo support The North Llght Gallery as our prlme focus. Julia Brown has brought energy and sk111 as our new Art Tutor and IhBr¢ is a wailing list loi her Glzsses. She hopes lo start a Thursday morning class in 2025. The Art School hosts a number ol weekly Pollery Classes where the lulor Kathryn arrang85 her own pupi18. The Danc8 School has had a challenging year as the cost of living crisis impacts parents. The North Light Gallery has become the storage and distribution centre for the Ark Church Food Bank supplying food lo needy tenants in the Berry Brow blocks of fla18, as well as the venue for the local branch ol Friend lo Fnend, a luncheon club for our senior citizens. We gave £500 to The Seashell Trust who help challenging Neuro Diversè Mental h8Bllh children. This is an interègling underfunded need in society and wè ara eonducling a review of our support. We gave £2000 to St Dayid's Church. Holmbridge low8rds their Organ renov81ion. In 2024 we have given a grant to the River Holme Connections lo support the ongoing resloralion ol the River Holme and ils Biodiversity, including removal of giant Knotweed. Flttanclal revlew R&seryes policy Our Inv8slmenl Funds 8r8 héld lo pr(>vidè An 8nnual ineDme to support thè work ol the North Light Gallery.
WILLIAM BROOKE BENEVOLENT FUND TRUSTEES REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Inveslrnent Objeolive With inflation ielurning to target, cash has becorne a more Attractive asset and we have benefited from the better rates of inleresl available on this fisk free assel. Our iDve51menls in Renewable energy Funds Iprincipa11y Windl energy storage and SSE have been disappoinling as the Gountry tries to re-evaluate the rnix of requirements lo minimise the effect ol Carbon on our climate. The elevated lev81s of the US 6quity market valuation driven by the narrow 7 'super' stocks make5 U5 increasingly nervous and therèfore defensive. As an elhical Fund we do not feel il proper to invest in Am8zoll for example as its business , convenient for so many. Is hugely delrimenlal to small and large retailers that rnake town cenlr8s atlr8cliv6. We are also negative on Mela as the effecls of some aspects of Social Media on mental health is quÉstionable at least. We have * weighting of S/fj in gold as 8 holdèr of value in a time of high innalion. Othèrwi96 we wait and keep our powdèr dry lor better opportunities. Currency The base currenw of the investment portfolio is Sterling. Inveslmenls may be mad8 in non- Storling assets, but not exceed 60% of the total investment portfolio v81ue. Hedging in nol permitted. Gredil The Charity 's cash balances should be deposited with institulions with a minimtjrn 181ing of A- or invested in a diver8if18d money market fund. Deposits should bg spread by counterparty. subject to a tnaKimum exposure of £200.000 per institution. Bond exposure should be focused on investment grade isguèrs. Risk The Key risk to Ihe long l&rm sustalnability CTrf the Fund is infl81ion and the assets should be invested lo rnilig8lo this risk over the long lemi. The Tluslees understand that this is likely lo rnean th81 investments will be concentrated in a mixlufy of Bonds, UK Equilie8. Over8ea8 Equities and Cash and or property and that Capilal values will fluctuate. Liquidity The Charity aims to spend aprox 3% of it8 assets per annum for its objectives. The Chaiity kegps a mlnimum of apTOX 2 10 in cash as requir8d for regular expenditure. Time Hctrrizon The Charity is a long term Fund. Elhical Policy During the 17lh afid 19th centuries a numbeT of Methodist and Quaker families such as the Foxs, ROWnteS, and the Lloyd8 51arted businesses which they fell 8eN¢d God by providing work and in som8 c8s8s good working and living conditions. There were other'negalive, criteria which some ol these Victorian and other early twentieth century American entrepreneurs established and that wa8 avoiding invests'ng their money in, for example, arms, alcohol, gambling 8nd tobacco. This mode of positive and negative investing is a growing field of investment and is now more called So¢i8lly Responsible Investment ISRI}. Willlam Brooke sel up the William Brooke Benevolent Fund with three irivestments.. $6.10 Oregon R$iaY $6.OQQ Chicago 8nd Illinois Railway $2,000 Wisconsin Genlral Railway These investments provide us, as Trustee$, with an example of the typ8 of stock that we may seek lo invest in. They were forward looking, provided a reasonable income, were considered of rèasonable risk anrl there was no lear of investing in foreign markets.
WILLIAM BROOKE BENEVOLENT FUND TRUSTEES REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 This Charlly seeks to invest in companies that will combine finanaal returns with sustainability. positive ethical and mor81 criloria. iespon5ible employrnenl arHI corpDrale goveinance with sensitivity lo the environrnenl. We do not invest in any company whose rnanagement practices are judged by us lo be unacceptable or e¥ploilalive or causes undue environmental damage. Investment is avoided in any company, a rnajor part of whose business activity is gambling, supply of tobacco products, alcoholic drinks, arrnamenls or pornography. Management. reporting and Monitoring The Trustees have appointed Ralhbone Greenbank as its"Advisory" Inveslment Managers. Investment Management is delegated lo Mark Brooke (Trusleel and the above investment advisors. Our Investment Manggeis will provide quarterly valuations, anntsal tax report, performance analysis and Commentary. Risk profiles will be agreed with Managets. Approval and Review This Investment Policy Statement was prepared by Mark Brooke Trustee. Effective from April 2016 Reviewed Annually Stru¢tur¢. gov•rnan¢¢ and manag•mont The William Brooke Benevolent Fund is governed and managed according to the Trust Deed ol the Charity dated 9 August 1912. The trustee8 who served during the ye3r and up lo the dale o15ignature ol the financial slaletnents weie." B Co(>per M R H Brooke M C Brooke We lake Conflicts cif interest very seriously and try to acl in the eharily's bèst interests. The propèrty which is ienled by the charity is independently valued by a local Eslale Agent lo ensure there is conflict of interest with John Brook& & Sons Ltd. The Iru51ees reptsrt was approved by the Board ol Trustees. M R H Brooke Trustèè Dale.. 30/01/1015
WILLIAM BROOKE BENEVOLENT FUND STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The Iruslees are rÈgponsibl8 for prèp8ring th8 Trustees Rèport and the financial statements in accordance wilh 8ppIic8ble law and United Kingdom A¢¢ounling Standerds Iunilgd Kingdom Generally A¢c&pt8d A¢counling Pr8¢ticel. The law applicable lo charities in England and Wales requires the trustees lo prepare financial slalemenls for each financial year which give a IrLie and fair view of the stale of affairs ol the charity and of the incoming resources and application ol resoLiices of the charity lor that yeai. In prép8ring these financi81 st8temenls, the trustees ale required to.. select sui13ble accountin9 policies and then apply Ih$m ooll51Stonlly', observe Ihg methods and principl95 in the Charities SORP,. tnake judgemonls and eslim8les that ar& re880nable and wudenl., slate whether applicable accounting standgrds have been followed, subject to any material dep&rtures disclosed and explained in the financi81 slatemenls.. and prepare the financial statements on the going concern ba8is unless il 18 inappiopri8le lo presume th81 the charity will continue in operation. The Iitjslees 3re re5POn5ible for keeping SUffient accounting records that disclose with reasonable accuracy at any lime Ihe financial position of the Ghaiily and enable thetn lo ensuTe that the financial statetllenls comply with the Charities Act 2011, the Charity IAccounls and Reports) Règulations 2008 and the provisions ol the trust deed. They are also responsible for safeguarding the assets ol the ch8rily and hence for taking reasonable sleps lor the prevention and deleclion ol fraud and other irregulaiilie8.
WILLIAM BROOKE BENEVOLENT FUND INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WILLIAM BROOKE BENEVOLENT FUND I report to IhÈ trustees on my examination of the financial statements of William Brooke Benevolent Fund Ithe charilyl for the year ended 31 March 2024. R8sponslbilities and basls of report As the Iruslees Dr the charily you are responsiblè for thè prep8r8tion ol the financial statements in accord8nCÈ Wlth the requirements of the Charities Act 2011. I report in respect of my examination of the charity's financial 8tatemenls carried out under section 145 of the Charities Ad 2011. In carrying out my examination I have followed the Directions gwen by the Charity Commission dei section 14515llbl ol the Charilies Acl 2011. Independent examIfieI $tatÈmènt Since the charity's gross income exceeded £250,000. the independent examiner musl be a member of a body listed in section 145 of Ihe Charities Act 2011. 1 confirm that l am qualified to undertake the examination because l am a m8mbèr ol thè Association of Chartered Certified Accountants, which is one of the listed bodies. Your atlenlion is diawn lo th& fa¢t th81 the charity has prepared the financial statements in accordance wllh the relevant version of tho StatfyFnenl of Recommended Practice applicable to charities piepafing their financial 81atements in ac¢ordance with Ihe Flnancial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 in prelerence lo Ihe Accounling and Reportirig by Ch8ritieg." Statement of Recommèndèd Pr8Cti¢e 1g8uÉd on 1 April 2005 which is referred to in the exl8nl regulations bul has now béèn wilhdfgwn. l undèrstand Ih8t this has bÉ&n donè in order for the financial slatemenls to provide a true and fair view in accordance wilh UK Generally Aec8Pt8d Accounting Practice. I have cornpleled my examination. I confirtn that no tnatlets have CDme to rny attention in connection with the examination giving ffle Cause lo believe that in any material re5peet'. accounling records were not kept in ¥especl ol the charily as required by section 130 CTr1 the Charilies Act 2011. the fin8ncial statements do not 8ccord with thosè records., or the financial slalements do not comply with the applicable requirements concerning the form and ctsntent of financial slalemenls sel out in the Charities {Accounls and Reports) Reoulalions 2008 othei than any requirement th81 the financial statèmènlg give a true and fair view, which is not a mattèr considered 8g p8rt of an independent examinalton, I have no concerns and have come across no other matters in connedion with Ihe examination lo which allenlion should be drawn in this report in order lo enable a proper understanding of the financial statements to be reached. V J Atkinson BK Plus Limited 52 Sl Johns Lane Halifax West Yorkshire HX12B Dale.. LilYII
WILLIAM BROOKE BENEVOLENT FUND STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted funds 2024 Unrestrlcted funds 2023 Notes Income from.. Charitable actlvities Other trading activities Investments 51,067 4,830 211,082 45.591 7.874 143,529 Total income 266.979 196.994 Expendlture on-. Raising funds ChaFilable activities 5,672 133,193 11,235 152,264 Total expendlture 138,865 163,499 Net gainslllossesl on investments 12 1268.6731 (261,4411 Net expendlture {140,559} {227.9461 othèr CognIs* galns and lossès: Olher losses 14 137,732) 150.6951 Nèt mov•m•nt Sn funds 1178,2911 {278.6411 Recon¢iliation of fufid$'. Fund balances at 1 April 2023 5,405.536 5,684,177 Fund balances at 31 March 2024 5,227,245 5,405,536 The staternenl of financial activities includes all gains and losses recognised in the year. All income and expenditLsre derive from continuing activities.
WILLIAM BROOKE BENEVOLENT FUND BALANCE SHEET ASAT31 MARCH2024 2024 2023 Notes Fixed assets Tangibl8 8ss818 Investments 15 16 7,049 2,183,053 8.549 1,955,858 2,190,102 1,964,407 Curront assets Debtors Cash 31 bank and in hand 17 1,456 3,164,477 30,531 3,457,021 3,165.933 3,487,552 Credltors.. amounts falling due withln one year 18 1128,7901 148.4231 Net current assets 3,037,143 3,441,129 Total assets less ciJrr8nt liabilltiès 5,227,245 5,405,538 The funds of the charity Un¥estricted funds 19 5,227,245 5,405,536 5,227,245 5,405,536 The finaNci8181alemerTrls wore approved by the tru51Ee5 Oll 301011I0aS k f¥ook M R H Brooke Trustee
WILLIAM BROOKE BENEVOLENT FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting pollcies Charlty Infomiation William Brooke Benevolent Fund is an urtincofpoiated ch8rity, number 209138. registered in England and Wales with the Charity Cornmission. 1.a Accounting convèntion The financial statements have been prepared in accordance wlh the charity's governing dOlnI, the Charities Acl 2011, FRS 102 "The Financial Reporting Standard applicable In the UK and Republic (>f Iréland" and the Charities SORP Accounting and Reporting by Ch8rilies.' Statement of Recowrllended Practic& applicable to charities preparing their accoun18 in accoidance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" The charity 18 a Public Benefit Enlily as defined by FRS 102. The charity ha$ 18ken advantage of th8 piovision5 in thè SORP for charities not lo prepare a statement of cash flows. The financial statements have departed from the Chaiilies IAcGounls and Reportsl RegulaliDns 2008 only to the extent required lo provide a true and fair view. This departure has involved following the Slalemenl of Recommended Practice for Charities applying FRS 102 rather than thè version ol the Sl8tément of Recommended Practice which is referred to in the Regulations bul which ha8 Sin been withdrawn. The financial statÉmÉnts are prepared in sterling, which is the lunctional cur¥ency Of the charity. Monetary amounts in Iheye financial sl818menls are rounded lo the nearest £. The financial slatemenls have been prepared under the historical c051 convention, Imodified to inGlud¢ the revaluation of freehold properties and lo include investment properties and certairi financial inslrum8nls al fair valuel. The principal accounting policies adopted are set out below. 1.2 Golnu concèrn Al the lime of approving the financial slatemenls, the trustees have a re8sonable expectation that the charity has adequate resources to continue in operational exi81ence for the foreseeable lulure. Thus the trustees continue to adopt the going concern basis ol accounting in preparing the financial slatemenls. 1.3 Charltable funds Unreslricled funds ale avail8ble for uss al the discielion of the Iruslees in furtherance of their ch8ri18ble objectNes. Reslri¢led funds ale subject to specilic conditlOll5 by donors or grantois as to how they may b8 used. Th purposes and uses of the r88triclÉd funds arè sèl out in thè notès to the financial statèments. Endowment funds are subject to Specific conditions by donors that thè Capital must bè maintainèd by th8 charity. 1.4 Incom• Income is recogllised when the charity is legally enlilled ID Il aft8r 8ny performance conditions have been Mel, the amounts can be measured reliably, and il is probable that income will be received. Cash donations are recogni88d on recèipt. Othèr don81ions are recognised once thè tharity has been notified of the donation, unless performance conditions rtsquire deferral of the amount. Income lax recoverable in relation lo donations received under Gift Aid or deeds of coven8nl 18 recognised al the IiTne of ltte donation. Legacies are recognised on receipt or olhetwise If the chsrily h8$ been notified of an impending di81ribution, the amount is known. and receipt is expected. If the amount is not known, the legacy 15 Iated as a contingent asset.
WILLIAM BROOKE BENEVOLENT FUND NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policles (Continued) 1.5 Expèndituré Expenditure is recognised once there is a legal or conslruclive obligation lo transfer economic benefit to a third party, il is probable that a transfer of econDmic benefits will be required in selllement, 2nd the amount of the obligatlDn can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up ol the tolal of direct costs 8nd shared costs, in¢ludlng SUPPOrt costs involved in undertaking each activily. Dlre¢t costs atlrlbutable lo a singlo activity are allDcaled directly lo that activity. Shared costs which conliibule to tnore than one activity and support costs whiGh ale not allributable lo a single aclwily are apportioned behveen those aclivilies on a ba818 consislenl with the use of resources. Central staff cosls are allocated on the basis of time spent, and deprec4ation charges are allocated on the portion ol the asset's use. 1.6 Tangible fixed asaÈt8 Tangible fixed assets are initially measured at cosl and subsequenlty measured at cost or valualiDll, nel of depreciation and any itnpairment losses. Depreciation is recognised so as to write off Ihe cost or valuation of assets less their residual values over their useful lives on the lollowing bases.. Improvements lo property Fixtures and fittings Straight line over 3 years straight line over 3 years The gain or loss arising on Ihe disposal ol an assel is determined as the drfference between the sale proGeeds and the carrying value of the asset. and is recognised in the statement of financial activities. 1.7 Flxed asset Inve$tmgnt8 Fixed assel investments 8r8 inilially measured al tr&ns8Ction price èxcluding transaction costs, and arè 3ubsequèntly méasured 81 lair valuè 81 each réporting dale. Chgnges in fair value are re¢ogni8ed in net Incornellexpenditurel for the yeai. Transaction costs ale expensed as incurred. 1.8 Impalrment of Ilxed assets Al each reporting end dale, the charity revlews the carrying amounts of ils tangible assets lo determine whelheT there Is any indication that those assgls have suffered an impairment loss. If any such indication exists, the recoverable amount ol the asset is estimated in order lo determine the extent of the impairment loss lif any). 1.9 Cash and cash equlvalents C8sh and c3sh equivalents include cash in h8nd, deposits held al call with banks, other short-lerm liquid ir)veslmenls with original rralurilies of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.10 Flnanclal Snstruments The chaiily has elected lo apply the pioM510lls of Secticin 11 '8asic Financi81 Insliumen15' and Section 12 'Other Financial Instruments Issues, of FRS 102 to all ol 118 financial inslrumenls. Financial instruments are recognised in the cttarily's balan sheet when Ihe charity becomes party lo the contractual provisions of the instrument. Financial assets and liabilities are offset, with the nel amounts presented in the financial stat?menls, when there is a legally enforceable ruhl to sel off the recognised amounts and there is an intention Io settle on a net basis or to realise the asset and settle the liability simultanèously.
WILLIAM BROOKE BENEVOLENT FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Icontlnuedl 8aslc flnanclal assets Basic financial as8el8, which include debtors and cash and bank balallS, are initially measured al transaction price including transaction G051s and ao Subsequently carried al amortised cost using the effeclive interest method unless the arrangerngnl conslilutes a finanang transaction, where the transaction is measured at the present value ol the luluie reoeipls discourTrl&d at a markèt ratè ol interest. Financi81 ass6ts cla55ified a5 receivable wilhin one year are not 8mortised. Basic linBncfflAI liabllitiès Basic financial liabililies, including credilc)rs and bank loans are initially recognised at Ifansaction pricè unless the arrangement conslilules a financing transaction. where the debt instrument is measured at the present valuè ol the future paymenls discounted at a rnarket rale ol inleiesl. Financial liabilities classified as payable withift one yèar a¥e not amortised. Debt in8lrumenls are subsequently carfied al amortlSEd cost, using the effective interest rale method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course ol operations from suppliers. Amounts payable are dassified as current liabilities if payment is due within one year or less. If not, they are presonled as non-currenl liabilities. Trade creditors arE recogllised initially at transaction price and subsequonlly rneasuied al arnortised cost using the effective interest method. Derecognition of Ilnanclal liabillties Financial liabilities are derecognised when tho tholily's ¢onlr8Gtual obligalions expire or are discharged or cancelled. 1.11 Emplpyeg bengflts The cost of any unused ttoliday enlillemenl 15 recognised in the pgriod in whiGh the eTnployee's services ale reived. Termination benefils are recognised immedialely ss an expense when the charity is demonstrably ¢ommilted lo tèrmin8tÈ the employment of an employee or to provide lerrnination benefits, Critical accounting e$timat¢$ and lyd9èm¢nts In the application ol the charity'8 accounting polici¢s, the trustees are required lo make judgetnenls, eslirnale8 and assumptions about the carrying amount of assets and liabilities that are not readily app81enl frorr other SDvrces. The estimates and associated assurnplions are based on historical experience and other 18Ctors that are considered to bè relèvant. Actual results may differ from these eslimales. Tho astimales and underlying assumplions are reviewed on an ongoing basis. Revisions lo accounting e51itnat85 are iecoglli5ed in the period in which the estimate is revised where the revision affecls only that period, or the period ol thè revision and future periods where the revision affects both current and future periods. 10
WILLIAM BROOKE BENEVOLENT FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2024 Income from charitable activities Unrèstrlctod funds 2024 Unr•gtriet&d funds 2023 Charitable actlvltles The Academy- Dance Sludic* The A¢ademy- Art School Other income 30,427 18,798 1,842 27,517 17,551 523 51,067 45,591 Incomè from other trading activlties Unrestricted UnrestYl¢ted lund8 funds 2024 2023 Rotsm hire- Weddingsl parties 4,830 7,874 Income from investments Unrestrlcted Unrestricted funds funds 2024 2023 Other fixed asset invest- Fll Interest r&c¢ivable 68.667 142,415 97,230 46,299 211.082 143.529 Expèndlturo on ralsing funds Unrestricted Unrestricted fund$ funds 2024 2023 Investment management 5,672 11,235
WILLIAM BROOKE BENEVOLENT FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expenditure on charltsble actlvltles Charitable actlvitles 2024 Charitable actlvitles 2023 Dir¢¢l costs Depreciation and imp8irment Rates and waler Insurance Light and heat Telephone Sundrias Renl Repairs and maintenance Cleaning Professlonal cosls Purchases Wages. tutors ètc 5,734 2,961 4.656 15,731 3,158 1,086 72,020 1,581 6,008 661 6,881 7,136 4,323 2,559 4,622 13.323 2.892 1,740 64,460 1,373 7,756 4,508 11,121 8.507 127,813 127.184 Grant funding of activilieslsee note 81 2,000 20,860 Shar? of support and governan¢e costs SLJPPOrt 3.380 4,420 133.193 152,264 Analysis by fund Unreslri¢led funds- general 133,193 152,264 Charitablè activity costs include charges for rent, insurance, water rates, gas and electricity felaling lo the premises being occupied at John Brooke and Sons Limited of which M R H Brooke is a director. The charges are made on a commercial basis, based on the findings 018n indèpendent valuer. Grants payable Charitable actlvities 2024 Charitable actlvltles 2023 Giants lo inslitulions.. B Grèen Wel¢ome Centre Worth Unlimited K Astin Sl David's Church 1,500 18,000 1,000 160 2,000 2,000 20,660 12
WILLIAM BROOKE BENEVOLENT FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 31 MARCH 2024 Net mov•ment in fund¥ 2024 2023 The net rnovemenl in funds is staled after chargingllcredilingl.. Fees payable for the independent examination of the chaiily's flnan¢lal slalements Depreciation ol owned langlble fixed assets 5.734 4,323 10 Trustees None of the tiuslees (or any peisons connected with them) received any remuneration or benefits from the Charity during the year. DuTing Ihe year expenses lolalling £4.472 ha been claimed by one tru8188 to réimbursè them for costs incurred on behalf of the charity. 11 Employee¥ The average monthly number of employeÈs during the year was.. 2024 Numb8r 2023 Number Total There wèrè no employees whose annual r¢muneralion was more than £60,000, 12 Galns and losses on inve$tmonts Unre$lrl¢t¢d Unrastricted funds funds 2024 2023 Gainslllossèsl arising on.. Revaluation of invoslments 1268.S731 1261,4411 13 Taxation The charity is exempt from taxation on its aclivilies because all ils income is applied for charitable purposes.
WILLIAM BROOKE BENEVOLENT FUND NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 14 Other gain8 an¢1 losses Unre¥trlcted Unrestricted funds funds 2024 2023 Gainslllossesl upoll.. Foreign ¢x¢hange 37,732 50,695 IS Tangibl* flx8d assets Improvement$ Flxture$ Jnd lo property Tot•1 Cost Al l April 2023 Additions 189,795 415,355 4,233 605,150 4,233 At 31 March 2024 189.795 419,588 609,383 Depreciation and Impalrnient Al 1 April 2023 Depreciation charged in the year 189,795 406.8D5 5,734 596,600 5,734 At 31 March 2024 189.795 412,539 602.334 Carrying amount At 31 March 2024 7.D49 7,049 At 31 March 2023 8,549 8,549 Inveslmenl properties rented to another group éntily have been Bcoounted for using the cost model. The c8rrying value of these investment properties included within tangible fixed assets is £189,795 12023 £189.7951. 16 Flxed asset Investments LSsted Unlisted investments Inveslmenta Total C08t or valuation At 1 April 2023 Valuation changes 1,905,608 227,195 50,250 1,955,858 227,195 Al 31 March 2024 2,132,803 50,250 2,183,053 CaTryÉng amount Al 31 March 2024 2,132,8C)3 50,250 2,183.053 Al 31 March 2023 1,905,608 SO,250 1,955.858 14
WILLIAM BROOKE BENEVOLENT FUND NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 17 Debtors 2024 2023 Amounts fallSng due wlthln one year.. Trade debtors Prèpayments and accrued income 4,317 26,214 343 1.458 30,531 18 Creditor8.- arnounl¥ falling du• withln one year 2024 2023 Other tBxation and social security Trade creditors Ac¢ruals and dÈlèrred income 85,285 23.042 20,483 16,6481 31,92g 21,142 128,790 46,423 19 Unrastrfctad funds The unreslricled funds of the charity comprise the unexpended b81ancès of donalions and grants which are not subject lo specific conditions by donors and gr8nlors as to how thèy may be used. These include designated funds which have been set aside oul of unreslTrcled funds by the Iruslees for specific purposes. At 1 Aprll 2023 Incoming resources Resources expended Gains and At 31 March losses 2024 General funds 5,405,536 266,979 1138,8651 1306.4051 5,227,245 Previous year- At 1 April 2022 Ineoming re$our¢¢$ Rèsources èxpended Gains and At 31 March losses 2023 General funds 5,684,177 19e,994 1163.4991 1312.1361 5,405,536 20 Relatèd party transactlons The charity Was established as a benevolent inslilulion foi Ihe wotke¥5 of John Brooke and Stsns (Holdings) Limited, and as such has always been managed and administered from the sarne pfemises a8 that company. The charity occupies premises owned by John 8rotskè and Sons Limited, of which the Iruslee M R H Brooke is a diredors. All charges are rnade on a commorcial basis and have been disclosed in the note below. The lolal amoun18 charged by John Brooke and Sons Limited in the year wère £107,560 12023 £91,057) and the balanTr oulslanding al the ye8r end was £7812023 .' £1,658). 15