Charlty reglstratlon number 209138 (England and Wale$l WILLIAM BROOKE BENEVOLENT FUND ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
WILLIAM BROOKE BENEVOLENT FUND LEGAL AND ADMINISTRATIVE INFORMATION Trustees B Cooper M R H Brooke M C Drooke Charity number 209138 Regisleied offiGe BioDkY'b Mill Armitage Bridge Huddersfield West Yorkshire HD4 7NR Independent examiner V J Atkinson BK Plus Limited 52 $1 Johns Lane Halifax Wesl Yorkshiie HX1 2BW Bankers Co-operative Bank 42 Victoria Lane Hudd@rsfi@Id HDI 2SX Ralhbone Greenbank Investments Pnrt nf l ivg.rpool Biiilding Piei H¥d Liverpool L3 1NW
WILLIAM BROOKE BENEVOLENT FUND CONTENTS Page Trusl@@s rèport Slalement of tru51ees Tesponsibililles Independent examinerfs report Statement of financial aclivilies B8laneè sheet Notes lo the finanGial statements 6-16
WILLIAM BROOKE BENEVOLENT FUND TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Iruslees presenl their annual report and financial slalemenls for the year ended 31 March 2025. The financial 5talernenls have been prepared in accordancè wlh the accounting policies set out in note 1 to the financi31 st31ernents and comply with the charily'a governing docurnent, the Charilic- Act 2011, FRS 102 '7ho FiiidllLldl Reporting Stan¢Jard appllcabie In tne UK an(J Republic ol Ireiana" an# Ine Chaiilie5 SORP "kn"uun11119 and Reporting by Charities.. Slalernenl ol Recommended Praclice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard appllcable in the UK and Republic of Ireland IFRS 1021" ObjoctlV¢E and activitles The original objectives ol the Trust were lo apply the income of the lund 'in helping any of the workpeople, of John Brooke and Sons Limited who needed benevolent help e g. unemployment or old age provision. The original deed alloyved the Adrninislralois lo apply the lunds lor wider charitable purposes al Iheir discretion and they are applying funds 10 support Ime North Liqhl Gallery, a cenlre lor encouraqinq Ihe participaiion ana ieacning of heallh Improvement, crealivily and the arts We are focusing our aclivilies as follows on.. Creative (Art and Dance Schog1?1. Helping wlh food poverty Mental and physical health Heritage and Mill Preservab'on bl tyl Public benofil The tru51ees have paid due regard lo guidance issued by the Chaiity Commission in deciding what activities the charity should undertake. Achievements and performance Aclivifies Thi5 has been a year of consolidation lor our adivities in The North Light Gallery. The Art Schod has 24 pupils. We continue to SUPPtsrt tho Dancc School in their endeavors includin9 danco competitions taking placg in tho Wlliam Gaiiery 4 or 5 Ilrnes a year. Fable House, the school for neuro diverse pupils is now well established. We provide 5UPPOrt ol different kinds to help Ihern transition as a CIC lo a sustainable enlily during the current governrnenl's allempl lo lirnil the Social Care budget which will Impact 811 special schools over Ihe ne rew years. vve Shaii be walching with Inlwe51 the Vvhile Paper due later In the autumn. We have donated £15.000 lo a Christian mental Health Charily Kintsugi Hope to fund a member ol staff in their new nslional office In Leeds. Wo have also donalp.d f1fl nnt) tn pnAP (Pènninp r)nrnpqlir. Ahiiqp Partnprshipl who work dLlOiS Wesl Yorkshire. We are taking advice from Mssrs Bales We115, Charity Solicitors in London with a view to updating our Charity Slructure and Trust Deeds. Financial review Reserves policy Our Investment Funds are held lo provide an annual income lo support the work ol the North Light Gallery.
WILLIAM BROOKE BENEVOLENT FUND TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Investment Objeclive The equily market continues lo be frothy. so we are concenlraling on preservation ol Capital rather than short tefm rformance which means we may underperform in the cu¥renl frenzy and outperform in s future be3¥ markel Curren¢y The base currency of Ihe inve51menl portfolio is Slerling. Investments may be made in non- Slerling assets, bul not exceed 60°A of Ihe lolal investment portfolio value. Hedgin9 in not permilled. Credit The Charity 's cash balances should be deposited with inslrtulions with a minimum rating of or invested In diversified money market fund Deposits should be spread by counterparty, subjeci fo a maximum exp05vre of £200,000 per institution Bond exposure should be focused on investment glade issuers. Risk The Key risk to the long term sustainability of the Fund is inflation and the assets should be Invested to mitigate Ihis risk over the long term. The Tru¥tees understand Ih?t this Is likely lo rnean that investments will be concentrated in rnixture of Bonds, UK Equities, Overseas Equities and Cash and or property and thal Capital values will flucluale. Liquidity The Chanty aims lo spend aprox 30h of ils assèts pèr annum for ils objectives. The Charity keeps a minimum of aprox 2% in cash as required lor regular expendrture. rime Horizon The Charity is a long lem Fund. Ethical Policy During the 17th and 19th centuries a number of Melhodisl and Quaker families such as the Foxs, Rownlrees. and the Lloyds started businesses which they fell served God by providing work and in some cases good wcyking and living conditions There were other'negalive. criteria which some ol these Victorian and other early twenlielh century American entrepreneurs established and that was avoiding investing their money in, for example. arms, alcohol. gambling and tobacco. Thi5 rnode ol posilive and negative investin9 is a growing field of Investment and Is now more caiieu Soclally Re5pon5ible Investment ISRII Iliam Brooke sel up the William Brooke Benevolent Fund wlh three inveslmenls". $6.000 Oregon Railway 56,000 Chicago and Illinois Railway $2,000 Wisconsin Central Railway These inveslmenls provide u5, a5 Trustees. with an exarnple ol the type of stock that we may seek lo invest In They were fopuard looking, provided a reasonable Income. were considcr¢d of reasonable T15k and there was no lear ol Investing In loreign rllaikels.
WILLIAM BROOKE BENEVOLENT FUND TRUSTEES REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 This Charity seeks lo invest in companies that wll cornbine financial relums with suslainabilily, positive ethical and moral criteria, responsible employment and corporate governance with sensitivity lo the enviionrnent. We do not invest in any r.nmp3ny whosè mana9am8nl practices are judgcd by lo bc una¢c¢plablo or cxploitativc or causès undue cnvironrnental damage. Invesliiiviil ib dvoided in any COTnpany. a fflajor part of whose buslne55 activity is gamblin9. supply ol tobacco products, alcoholic drinks, armaments or pornography. Management, reporting and Monitoring The Trustees lidve dppointe(J RainL)one Greenbank as Ils Advi50ry" Investment Managers. Inve51menl Management is delegated lo Mark Brooke (Trusleel and the above inveslrnenl advisors. Our Investment Managers will provide quarterly valuations, annual lax report, performance analysis and cornrnentary. Risk profiles wll be agreed wlh Managers. Approval and Review This Investrnent Policy Stalemenl was prepared by Mark Brooke TTuslee. Effective from April 2016 Reviewed Annually structure. yovernance and management The William Brooke 8enevolent Fund is governed and managed according lo the Trust Deed of the Charity dated 9 Auoust 191? The trustees who served during the year and up lo the date of Signatu of the financial statements were.. B Cooper M R H Brooke M C Brooke We lake conflicts of interest very seriously and try lo act in the charity's best interests. Thg prnpg.rty which is rentad hy thé ch3rity ig independéntly valued by a local Estate Agent to gn$ur8 thgro is no confliet of interest with John Brooke & Sons Ltd. The Iruslees r port was approved by the Board ofTruslees. MRHBr Trustee oke Dale".
WILLIAM BROOKE BENEVOLENT FUND STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The trustees are responsible lor prep8nng Ihe Truslees Report and the finanaal stalernenls in accordance wilh applicable law and United Kingdom Ac¢ounting Slandaids (United Kingdom Generally Accepled Accouriling Practice). The law applicable lo charities in England and Wales requires the Iruslees lo prepare financial slaternen15 for each financial year which give a true and fair view ol the slate of affairs ol the chanly and ol Ihe incoming resources and application of resources of the charity for that year. In preparing these financial stalemènls, the trustees are required to.. select suitable accounting policies and then apply them consistently.. observe the methods and principles in the Charities SORP", make judgements and estimates that are reasonable and prudent.. State wh411hgr applicable accountin9 -tonderd3 have been fOll¢e, subject lo any material departurets disclosed and explained in the financial slalemenls, and prepare the Iinancial slalemenls on the going concern basis unless il 15 inappropriale to Pfesume that the charity 11 Continue in operation. The Iruslees are responsible for keeping suffi¢iènl accounting records Ihal disclose with rèasonable accuracy al any time the financial position ol Ihe charity and enable Ihpm In p.ngiirg. Ihal th• financial gtatements comply with tha Charities Act 2011. the Charity (Accounts and Reportsl Regulations 2008 and the prov1510ns of the trust deed. They are also responsible for safeguarding the assets ol the charity and henr£ lor taking reasonable steps Iof the prevention and detection of fraud and other irregularities.
WILLIAM BROOKE BENEVOLENT FUND INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WILLIAM BROOKE BENEVOLENT FUND I report to Ilie Iiusl¢¥b Qn my examlnaiion ol Ihe flnanclal siaiemenis ol Wlllam Brooke Benevolent Fund {Ih¥ charity) lor the year ended 31 March 2025. Responsiblllties and basls of report As the Irualees ol the charity you are i¢spon&ible lor Ilie Vievdltalion ol Ilie fiiiancial slatements in accordanG¢ with Ihe requiremenis ol tne Lharilies Act 2011, I report in respecl ol my examination ol Ihe charity's financial slalemenls carried out under section 145 of the Chariliè% Arl ?n11 In carrying out my examination I have followed the Dirèctions given by the Charity Commission undcr scelion 14515llbl of the Charities Act 2011. Independent examiner's statement Your attention is drawn lo Ihe fact that the charity has prepared the financial slalemenls in accordance with the relèv)nt version of tho Stat•mont ol Recommondad Practica applicable to charities prèparing thoir financial statements in accordance with the Financial Reporting Slandaid applicable in the UK and Republic ol Ireland IFRS 1021 In preference to the Accounting and Reporting by Charities. Statement of Recommended Pra¢tice Issued on I April 2005 which is referred to in the extant regulations but ha5 now been withdrawn. l understand that this has been done in order for the financial statements lo prwde a true and fair view in aGGordanrx with UK Generally Accepie¢ Accouniing Practice. I have completed my examination. I confirm that no rnatters have corne to my attention in conneclien wlh the 9.¥2minatir)n giving rnp raiiqp. In hp.Iipvp. IhAt in Any mAlp.rial rgqpp.r.t' ¢dLLUUTiliiiy i¥ividi Iiut Kvpt l(I l¥by¥GI vl Ili¥ Llidiily CIJ I¥qUII¥LI by >¥ilivi1 130 ul tli¥ Chaiilie5 Act 2011. the financial statements do not accord with those records., or the financial statements do not cornply with the applicable requirements concerning the form and content of financial slalernenls sel out In the Charities (Accounts and Reports) Reoulalions 2008 other Ihan any requirement that the financial statements give 3 truè and fsir view, which ig not a matter considered as part ol an independent examinatiorb. I have no concerns and have come across no other rnallers in connection with the examination lo which attention should be drawn In ihis report in oraer 10 enable a proper unaersianaing ol tne financial 51arement$ 10 be reached. V J Atkinson BK Plus Limited 52 Sl Johns Lane Halifax Wesl Yorkshire HX1 2BW Dale". .13. OL*0 bu 20ZS
WILLIAM BROOKE BENEVOLENT FUND STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrlcted funds 2026 Unrestricted funds 2024 Notes Income from: Charitable activities Other trading aclivities Investments 65.760 4.138 171.644 51,067 4.830 211.082 Total Income 241,542 266,979 Expenditure on: Raising funds Charitable aciivities 7.245 181.093 5.672 133,193 Totsl expenditure 188,338 138,865 Net g8in3111033e3) on investmenis 13 94,027 12GO,G73} Net incomellexpendlturel 147.231 (140.559 other recognlsed gain5 and losses: Other losses 15 137,7321 N¢t movement In fund¥ io 147,231 1178,2911 ReGonclllatlon of fund5'. Fund balances al 1 April 2024 5,227,245 5,405,536 Fund balances at 31 March 2025 5.374,476 5.227.245 The sialemenl of financial aclivili¥b IIILludes all gains and1osse& reGognised iii th¥ yedl. All iiiGume and expenullure derive from continuing aclivilies.
WILLIAM BROOKE BENEVOLENT FUND BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Notes Flxed assets Tangible assets Investments 1,410 S.271.511 7,049 2,183,053 17 5,272,921 2,190.102 Current assets Debtors Cash al bank and in hand 18 9.820 119,112 1,456 3,164,477 128,932 3,165,933 Creditors.. amount5 falllng due wlthln one year 19 127.3771 1128,7901 Net current assets 101,555 3,037.143 Total assets less current Ilabllltle5 5,374.476 5.227,245 The funds of the charity Unrestri¢led funds 20 5.374,476 5,227.245 5,374,476 5,227.245 The financial statements were approved by the Iru51ees on ..A..I 1.1 o!L£ Brooke Trustee
WILLIAM BROOKE BENEVOLENT FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles Charlty Informatlon William BroDke Benevolent Fund is an unincorporated charity, number 209138, registered in England and Wales wlh Ihe Charity Commission. 1.1 Basis of preparatlon The financial slalemenls have been prepared in accordance wlh the Charity's governing document. the Charit1es Act 2011, FRS 102 "The Financial Reporting Sl3ndard applicable in the UK and Republic ol Ireland" and the Charities SORP "Accounting and Reporting by Charities. Slalement ol Recornmended Practice applicable lo charities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ ol Ireland IFRS 1021 The ¢harily is a Public Benefit Enlily a5 defined by FRS 102. The charity has taken advantage ol the piovisions in the SORP for charilies not lo prepare a Statnent ol cash flows. The financial sialements have departed from ihe Charilies IAccounis and Reports) Regulations 2008 only io the extent required to provide a Irue and fair view This departure has involved following the Slalemenl ol Recommended Practice lor charities applying FRS 102 rather Ihan the version ol the Slalemenl of Recommended PraGtice which is referred lo in the Regulatson5 but whiGh ha5 since been withdrawn. The finanaal 5talemen15 are prepared in slerfing, whith is the functional cu¥rency ol the chanty. Monetary arnounts in these financial statements are rounded If) the nearest £. The financial slalemenls have been prepared under the historical cost convention, Imodified lo Include the revaluation DI freehold properties and to 5nclude inve51rpenl properties and certain financial instnJnenls at fair valuel. The pnncipal accounting policies adopted are sel out below. 1.2 Going concern At the tirne of approving the financial statements, the trustees have a reasonable expectation thal the charity has adequate resources to continue in operational existence for the foreseeable fulLJre. Thus the trLBtees conb'nue lo adopt the going concern basis ol accounting in preparing the financial statemenls. 1.3 Charitable fund5 Unreslricled funds are available for use al the discretion of Ihe Iruslees in furtherance of Iheir charitable objectives Restricted funds are subject to specific condition5 by donors or grantors as lo how they may be used. The purposes and uses of the restricted funds are sel out in the notes to the financial 51atemenls. Endowment funds are subject lo specific conditions by donors that Ihe capital must be maintained by the charity. 1.4 Income Income is reco9nised when the charity is legally enlitled to Il after any performance conditions have been mel. the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt Other donations are recognised on¢e the charity has been notified of the donation, unless performance condilion5 require deferral of Ihe arnoLJnl Income tax recoverable In relation lo donations received under Gift Aid or deeds ol covenant Is recognised al the tirne ol the donation Legacies are recogni5ed on receipt or otherwise Il the charity has been notified ol an irnpending ¢Yislribution, the amount Is known, and receipt Is expected. 11 the amount is not known, the legacy is Irealed as a conlingenl asset.
WILLIAM BROOKE BENEVOLENT FUND NOTES TO THE FINANCIAL STATEMENTS {CONTINUED FOR THE YEAR ENDED 31 MARCH Z025 Accounting pollcles Icontlnuedl 1.5 ExpeiidilurE Expenditure Is recognised once there is a legal or conslruclive obligation lo Ir8nsler economic benefit lo third party. Il Is probable Ihal a Iransler ol economic benefits will be required in settlement, and the 8mounl of the obligation can bè measured reliably. Expenditure Is classified by aclivily. The ¢osls of each activity are made up of the lolal of di[1 costs and shared costs, including support cos15 involved in undertaking each aclivily. Oirecl costs attributable lo a single activity are allocated directly lo that aclivily. Shared costs which contribute lo more than one activity and 5UPPOrt costs which are not allribulable lo a single aclivily are apportioned between Ih05e activities on a ba51S con4¥islent with the use of resources. Central staff c05t3 are allotaled on the basis of limc spent. and depreciation charges are allocated on the portion of the asset's use, 1.6 Tangible flxed assets Tangible fixed assets ai@ initially rneasured al cost and subsequently neasured al cost or valuation, nel ol depreciation and any impairment losses. Depreciation 15 reco9nised so as lo wiile off the cost or valuation of assets less Iheii residual values over their useful lives on the following bases". Improvements lo property Fixtures and fittings Straight line over 3 years Slraighl line over 3 years The gain or loss arising on the disposal of an asset is delemined as the difference behveen the sale Pfoceeds and the carrying value of the asset. and Is recognised In the statement of financial activiti&s. 1.7 Fixed asset Investments Fixed asset Investment3 are Initially measured at Iransaction pri¢¢ e¥Gluding IraTrsaction cosls, and are subsequently measured at lair value al each reporting dale. Changes in fair value are recognised in nel incomellexpendilurel for the year. Transaction costs are expensed as incurred. 1.8 Impairment of fixed assets Al each reporting end dale, the charity review5 the carrying amounts of its tangible assets lo determine whether there is any indication that those assets have suffered an impairment 1055. If any such indallOn exists, the recoverable amount of the a55el Is estimaled in order lo determine the extenl of the impairment Ioss1118nyl. 1.9 Cash and cash equivalents Cash and cash equivalents include cash in hand, dep0511s held al call with banks, other short-lerni liquid investments with original malurilies ol three months or less, and bank overdrarts. Bank overdrafts are shown within borrowings in current 113bililies 1.10 Financial instruments The charity has ele¢led lo apply Ihe provisions ol Section 11 'Basic Financial In51rumenls' and Section 12 'Olher Financial Inslruments Issues, ol FRS 102 to all of ils financial instruments. Finan¢i21 Instruments are recognised In the charity's balance sheet when the charity becomes party lo the conlraclual provisions of the Inslwumenl. Financial 3ssels and Iiabililies are offset, wlh the nel amoun15 presented in the financial statements. when there Is a legally enforceable right lo sel off the recognised amounts and there Is an Intention to settle or* a net basis 01 to realise the assel and sellle the liability simultaneously.
WILLIAM BROOKE BENEVOLENT FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles Icontlnuedl Basic finoncial rt5sets Basic financial as5els. which include debtors and cash and bank balances, are initially measured at Iran5aclion pnce Including IransadioTI C051s and are subsequently carried al amortised cost using the effective interest fflethtsd unless the arrangement conslilules a fsnancing liansaclion, where the Irans3Ction is measured at the present value ol Ihe future receipts discounted al a market rale ol interest. Financial as5els classffied as receivable within one year are nol amortised. Baslc financial Ilabilitles Basic financial liabilities, including cred11ors and bank loans are initially recognised al transaction price unless the arrangement constitutes a financing Iransaclion. vthere the debt Instrurnent 15 measured al the present value of the future payrnenls discounled al a market fate of inleresl. Financial lJabilibe5 classified as payable within one year are nol amortised. Debt instruments are subsequently carried al amortised cost, using the effective inleresl rate method. Trade creditors are obli9ations to pay for goods or seryices that have beèn acquired In the ordinary course ol operations from suppliers. Arnounts payable are classified as current liabilities Il payment is due within one year or less. If nol. Ihey are presented as non-cvrrenl liabilities Trade creditors are rec4gnised initsally at transaction price and subsequenuy measured at amortised cost using Ihe effectjve intèrest method. Derecognition of finan¢lal liabillties Financial liabilibes are dereGO9nised when the ¢harity's contractual obligations expire or are tjischarged or cancelled. 1.11 Employee Deneflts The c051 of any unused holiday entitlement is recognised in the pencé in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terrninale the employment of an employee or lo provide lerminalion benefits. Critical accounting estimates and judgements In the applicatton ol the charty's accounts'ng policie5. the Irusiees are required lo make iudgemenis, eslsrnales and assumptions about the carrying amount ol assets and liabilitses that are not readily apparent from other SoUrS The estimates and associated as5umplion5 are based on historical experience and other factors Ihal are considered lo be relevant Adval results may t1iffer from ese estimates The e5tim8les and underfying assumplions are reviewed on an ongoing basi5. Revisions lo accounting estimates are recognised in the penod In which the esiimaie is rewsed whefe the revision affects cnly that period. or in the period ol the revision and future periods vthere the revision affects both current and future period5. 10-
WILLIAM BROOKE BENEVOLENT FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from eharitabl• artivitles Unreslrlcted Unrestrlcted funds fijnds 2025 2024 Ch3ritabl@ activltlès The AcadetHy - Dance Studio The Acaderny - Art Sehool Other income 31,253 30.126 4.381 30,427 18.798 1.842 65.760 51,067 Ineome from other trading activltl¢s Unreslrlcted Unr•strlcted funds funds 202S 2024 Roorn hire- Wedcjingsl parties 4,138 4,830 Income from Investments Unrestricted Unrcslricted funds funds 2025 2024 Other fixed asset inve51- Fll Interest receivable 68,097 103.547 68,667 142.415 171.644 211,082 Expendilure on ralslng funds Unrestricted Unrestrlcled funds funds 2025 2024 Investment management 7.245 5,672
WILLIAM BROOKE BENEVOLENT FUND NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Expendlture on charltable acllvllles Charitable Attivitffies 2025 Charltable actlvitles 2024 Direcl costs Depreciation and Impaiment Raies ana waier Insurance Light an¢J heal Telephone Sunanes Rent Repairs and maintenance Cleaning Proiessional costs Pur¢hases Wages. lulors el Travelling expenses Charitable donalions 5.63g J,343 4,909 14.806 3,815 1fj6 72,022 1,870 8,269 t*OQ 19.036 9,803 665 32,600 2.901 4,656 15,731 3,158 1,086 72,020 1,581 6,008 6,881 7,136 177.543 127.813 Grant funding of activiiies (see note 81 2.000 Share of support and governance costs upport 3,550 3,380 181,093 133,193 Analys15 by fund Unreslricled funds- general 181.093 133,193 Charitable activity Eo51b IiIGlud¥ Gliaiyes lur rent. insurance, water rale5, gas ano eieciricilv reialinq lo the prernises being occupied al John Brooke and Son5 Limited ol which M R H Brooke is a dirèr.tnr The ehar9èS are made on a cornmercial basis, based on the findings of an independent valuer. Grants payable Charitable activities 2024 Granis TO Insiiiuiion5- Sl David's Church 2,000 12.
WILLIAM BROOKE BENEVOLENT FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs allocated to actlvltlès 2025 2024 Governance cosls 3,550 3.380 Analysèd between: Chanlable activities 3.550 3.380 10 Net movemenl In funds 2025 2024 The nel movement in fijnds Is slated aftei chargingllcreditingl.. Fèe* payable foi Ihe independènt examination of the charitls financial 5talcmcnl= Deprecialion of owned tangible fixed assets 3.380 5,734 5.639 11 Tru=tees None of the trustee5 (or any persons connected with theml received any remunerabon or benefits from the charity during Ihe year During the year expenses totalling £4.839 have been claimed by one Iwslee lo reimburse them for SIS incurred on behalf of the charity 12 Employees The average monthly number of employees dunng the year was.. 202S Number 2024 Nuwnber Toial Thare were no employees whose annLtal rernuneralion was more than £60.000 13-
WILLIAM BROOKE BENEVOLENT FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Galns and 105ses on Inve#tmpnts Unrostrlcted Unrestrlcted lunds funds 202S 2024 Gainslllossesl arisin9 On- Revaluation ol investments Sale of investments 60.615 1265,017) 13.6561 94,027 1268,673) 14 Taxation The tharity is exempt from taxation on its activities because all its in¢om& is applied for charitable pUOSes. 1S Oth¢r galns and 105ses Unrestricted Unrestrlcted funds funds 202S 2024 Gainsll105ses) upon.. Foreiqn exchanqe 37.732 16 Tangible fixed assets Impiovtments Flxtures and to property fiitings Total Cost At l April 2024 189.795 419.588 609,383 Al 31 March 2025 189,795 419.588 609,383 Depreciation and Impalmienl Al 1 April 2024 Depreciation charged in the year 189.795 412.539 5,639 602 2.14 5.639 Al 31 March 2025 189,795 418,178 607.973 Carrying amount At 31 March 2025 1,410 1,410 At 31 March ?0?4 7.049 7,049 14
WILLIAM BROOKE BENEVOLENT FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 17 Fixed asset Inveslments Llsted Unllsted Investments Investments Total Cosl or valuatlon Al 1 April 2024 & 31 March 2025 2,132.803 50,250 2.1B3.053 Carrylng amount Al 31 March 2025 2.132,803 50,250 2.183,053 Al 31 March 2024 2.132,803 50,250 2.183.053 18 Debtors 2025 2024 Amounts falllng due wlthln one year: Trade debtors Olher deDtors Prepayments and accrued income 1,995 7,46 357 1,113 343 9,820 1.456 19 Creditors- amounts falllng due wlthln one year 2025 2024 Other laxalion and Social secunty Trade creditors Accfuals and deferred income 16.1051 1.965 31.517 85,265 23.042 20.483 27,377 128,790 20 Unrestrl¢ted funds The unre51ricted funds ol the charity cornprise the unexpended balances of donations and 9ran15 which are not subject lo specific conditions by donors and grantors as to how they may be used These Include designated lunds whCh have been sel aside oul ol unrestricted funds by Ihe Iruslees for specific purposes At 1 Aprll 2024 Incomlng Resources resources expended Galns and At 31 March losses 2025 General knnds 5,227.245 241,542 1188,3381 94,027 5.374.476 15.
WILLIAM BROOKE BENEVOLENT FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Unrestrlcted funds Iconllnuedl Provlous yoar: At l Aprll 2023 Incomlng resources Resourc05 expended Oalns and Al 31 MafGh losses 2024 General funds 5,405,S3S 266.979 1138.865) (306,4051 5,227,245 21 Related party transactlons The charity was eslablished as a benevolent inslilulion for Ihe Wofkers ol John Brooke and Sons (Holdings) Limited. and as such has always been managed and administered Irom the same premises as Ihal company. The eharily occupies premlses owned by John Brooke and Sons Limited, ol which the Irvslee M R H Bfooke is a directors. All charges are made on a commercial basis and have been disclosed in the note below. The total amounts charged by John Brooke and Son5 Limited in the year were £108.381 12024 £107,560) and the balance oulslanding al the year end was £1.77512024 £781. 16-