THE DORIS BOUGHTON TRUST FUND
(Registered Charity No. 210324)
REPORT AND ACCOUNTS
YEAR ENDED 5 APRIL 2023
MURPHY SALISBURY LIMITED
CELIXIR HOUSE
STRATFORD BUSINESS & TECHNOLOGY PARK
INNOVATION WAY
BAIYBURY ROAD
STRATFORD UPON AVON
WARWICKSHIRE
CV37 7GZ

THE DOIUS BOUGirroN TRUST FUND
REPORT AND ACCOUNTS
CONTEIYTS
PAGE
Trustees and Advisers
Trustees and Manag¢m¢nt Committee's Report
Inde￿ndent Examiners, ReFK)rt
Ststement of Financial Activities
Balance Sheet
Notes to the Accounts

THE DORIS BOUGHTON TRUST FUND
TRUSTEES AND AD￿SERs
CUSTODIAIY AND
INVESTMENT ADVISOR
Evelyn Partners
103 Colmore Row
BiTmingh&n
B3 3AG
TRUSTEES
C M Bowden
l Leach
R Sparkes
B Smart
T D Willtams- appointed 20 October 2022
Mr K Miles- resigned 26 April 2022
KEY MANAGEMENT
C Shaw- Administrator
M Wilcox - Treasurer
INDEPENDENT EXAMINERS
Murphy Salisbury Limited
Celixir House
Stratford Business & Technology Park
Innovation Way
Banbury Road
Strdtford upon Avon
Warwickshire
CV37 7GZ
BAI¥KERS
Barelays Bank plc
I Churchill Place
Leicester
LE87 2BB
ADDRESS:
39 Admington Drive
Hatton Park
Waniick
CV35 7TZ

THE DOIUS BOUGirroN TRUST FUND
REGISTERED CHARrrY NO. 210324
TRUSTEES, ANNUAL REPORT
The Trustees present their retK)rt along the financial ststements of the Charity for the
year ended 5 April 2023. The fmancial statements have been prepared in accordance with the
accounting policies set out on page 7 and comply with the Tn￿t Deed, the Charities Act 2011
and Accounting and Reporting by Charities: Ststement of Recommended Practice applicable
to charities Preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland published on 16 July 2014 (as amended by
Update Bulletin I published on 2 Febnlary 2016).
Struethre, Governance and Management
The Fund was established by Trust Deed on 26 September 1949 and is governed by the Trust
Deed between Edward Bishop Boughion and Barclays Bank Trust Company Limited the
Custodian Trustee. On 6 SeptembeT 2001, 8 January, 2014 and on 20 April 2015: the Charity
Commissioners approved a scheme to amend the original Trust Deed to reflect the future
structure of the Trust and discharge Barclays Bank Trust Company Limited from its
tn￿l¢eShlp ap￿intIng the members of the existing Committee in their place.
Objectives and Aetivities
To maximise the income to the Fund to give financial assislance to employe¢5 and ex
employees (including their dependanls) of Illhitn&sh PLC (fornierly Automotive Products
PLC} together with the continuing businesses which ￿ere UK Subsidiaries of Automotive
Products Group Ltd at any time up to 31 tkc¢mbeT 2006: who are: in the opinion of th¢
Trustees: in need of such assistance. The Trustees have gi￿en consideration to the Charity
Commission"s general guidance on public benefit when reviewing its aims and objectives.
Aehievernents and Perfonnance
Grants totalling £30,685 were made to 58 F*neficiaries during the year (2022 '. £40,209 to 61
beneficiaries).
Financial Review
The Siatement of Financial Aclivities on page 5 shows net outgoing resources for the year of
£1,404 {2022 n¢t outgoings £22,323). The change in the value of the Fund due to recognised
losses on investments during the year w&s £l)6:928 {2022 recognised gains £52,269)
making the total net moiement in the year a decrease in the Fund's &ssels of £138,332 (2022..
gain of £29:946).
Inveslmcnt Report and P¢rforniance
The Inveslment Managers aim to manage the fimds so that they generate sufficient income
from the investments to maintaTn cu￿ent benefits whilst also maintaining the real long-term
value of the investments to support the payment of fijture benefits. The investment income
for the year tncreas¢d £8,139 (18 % ) as dividends returned to their pre-pandemic levels and
interest rates increased. The value of the inveslments fell by £136,928 to £1,673,535
principally due to the decline in World￿'1de stock markels in the fIrst quarter of ihe year.
Despite Èhis, over Ihe lasl six years the value of the investhieni portfolio has gro￿￿ by
£219.766.

THE DORIS BOUGirtON TRUST FUND
REGISTERED CHARrrY NO. 210324
TRUSTEES. ANNUAL REPORT
Reserves Policy
It is the policy of the Charity to maintain unTestricted fi￿dS at a level which provides
sufficient funds to cover Man￿ement and administration and sUp￿rt costs to respond to
applications for grants. UTwestrieted fimds were maintained at this level throughout the yeaT.
Responsibility of the Trustees in relation to the finantial statements
The Charity trustees are responsible for preparing a trustees annual report and financial
statements in accordance with applicable law and United Kingdom Accounting Standards.
The law applicable to charities in England and Wales requires the trustee(s) to prepare
financial stalemenls for each financiaI year which give a true and fair view of the charity""s
financial activities during the year and of its financial tx)sition at the end of the year. In
preparing financial statements giving a true and fair view. the trustees should follow best
Practice and:
select suilable accounting policies and then apply them eonsislently:
observe the methods and principles in the applicable Charities SORP"
make judgcments and estimates that are reasonable and prudent;
state whether applicable accounting standaTds have been followed, subject to any
material departures that musi be disclosed and explained in the financial statements.
prepare the financial statements on the going concern basis unless it is inappropriate
to presume Ihat the charity will continue in operation.
The trustees are responsibl¢ for keeping accounting records that disclos¢ with reasonable
accuracy at any time ihe financial position of the charity and to enable them to ensure that the
financial statemenls comply wryth the Charities Act 2011. the applicable Charities (Accounts
and Reports) Regulations and ihe provisions of the Irust d¢¢d. They are a150 responsible for
safeguarding the assets of the charity and taking reasonable steps for the prevention and
detection of fraud and other irregularities.
Approved by the Trustees and signed on their behalf by:
Signed:
M WILCOX
Treasurer
Approved by th¢ Trustees on:
Date..
I * OL¥od (-rf 20 L.l............

INDEPENDENf EXAMINERS. REPORT TO THE TRUSTEES
OF THE DORIS BOUGHTON TRUST FUND
I report to the charity trustees on my examination of the accounts of the charity for the year
ended 5 April 2023 which are sel oul on pages 5 to 9.
R¢sponsibiliti¢s and basis of report
As the ehaTity's trustees you are responsible for the preparation of the accounts in accordance
with the Tequirements of the Charities Aci 2011 {'th¢ Act ).
I report in respect of my examination of the charity's accounts caTTied out under section 145
of the Act and in carrying out my examination I have folloN*ed all the applicable Directions
given by the Charity Commission under ￿tion 145(5)(b) of the Act.
The charity's trustees consider thal an audit is not required for this year under section 144 of
the Act and that an independent examtnation is needed.
Independent examiners. statement
I have Completed my examinalion. I confirni that no malerial matters have come to my
attention in connection with the examination giving me cause to believe that in any material
respect..
accounting records were not kept in res￿1 of the charity as required by section 130
of the Act" or
2. th¢ accounts do not accord wilh those r¢¢ords" or
3. the ￿COUnt$ do not comply with the applicable requirements concerning the forni
and content of accounts set out in the Charities (Accounts and Reports) Regulations
2008 other than any requirement that the a¢¢ounts give a 'true and fair view, which is
not a n￿ller considered as part of an independent examiDation.
I have no concerns and have come across no other mattetE in CO[￿eCtiOn with the
examination to which attention should be drawn in this report In order to enable a proper
understanding of the accounts to be reached.
Certificate Date...........
Steve Walsh FCA
Murphy Salisbury Limited
Celixir House
Stratford Business & Technology Park
Innovation Way
Banbury Road
Strdtford upon Avon
Warwickshire
CV37 7GZ

THE DORIS BOI GFfros TRI"ST FI")D
STATEMENf OF FINANCIAL AcfiviTtES
FOR THE YEAR ENDED 5 APIUL 2023
2023
2022
Notes
IncomRng Resources
5nvesttn¢nt Income
53,107
44,968
Total Income
53.107
44,968
Resources Expended
Investment Management Costs
Charitable Activities
Governance Costs
12.050
30,685
11.776
13,095
40.209
13,987
Total Expenditure
54.511
67,291
Net income/(expenditure) before
ini'estment gains and 1055es
(1,404)
(22,323)
Profit on sales of Investments
Gains/(losses) on Investments
5.602
(142.530)
133,441
(81.172)
Net Movement in Funds
(138,332)
29,946
Reconciliation of funds:
Total funds brought forward as at 6 April 2022
1,833.652
1.803,706
Total funds carried fonvard as at 5 April 2023
1,695J20
1,833,652
The notes on pages 7 10 9 form part of these accounts.

THE DOIUS BOUGHTON TRUST FUND
BALANCE SHEET AS AT 5 APRIL 2023
2023
2022
Notes
FIXED ASSETS
Managed Fund Investments -
Government Securities
Fixed Interest
Indexed Linked
UK Equities
Unli Trust
Properti, Funds
North America
Europe
Far East
Rest of World
198.675
21.066
489.311
193,234
132,814
78.953
27.720
175,538
356,224
156,336
44,552
557,496
267,234
157,958
85,045
26,325
199,535
306,585
1.67J.535
1,801.066
CURRENT ASSETS
Cash at Bank
36.791
45.634
36,791
45,634
CREDITORS:
Amounts falling due within one year
15.006
13,048
NET CURRENT ASSETS
21,785
32,586
NET ASSETS
1,695J20
1,833,652
FUNDS OF THE CHARITY
Unrestricted Funds
1.695J20
1333,652
Approved by th¢ Committee on
. (Treasurer)
M WtLCOX

THE DORIS BOUGirroN TRUST FUND
NOTES TO THE ACCOUIYTS FOR THE YEAR ENDED 5 APRIL 2023
Basis of Accounting
The financial slatements have been p￿pared in accordance Accounting and
Reporting by Charities: Statement of Recommended Practice applicable to charities
preparing their a¢¢ounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) issued OTJ 16 July 2014 (as
amended by Update Bulletin I published 2 February 2016), the Financial Reporting
Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and
the Charities Act 2011.
The financial slatements have been prepared under the historical ¢ost convention with
the exception that investments aTr included al market value.
The charity constitutes a public benefit entity as defined by FRSIO2.
The trustees consider that there are no material uncertainties about the Tn￿t'S ability
to continue as a going concern.
Accounling Policies
a) Incoming Resources
All incoming resources ate recognised once the Charity has entitlement to the
resources, it is c¢rtain thai the resources ￿11] be received: and the monetary value of
incoming resources can be me&%ured with suificient reliability.
b} Rtsourees Expended
Expendilure is recogDised on an aCcn￿l basis 2$ a liability is incurred.
Expenditu￿ includes irrecoverable VAT and is reported as part of the expenditure to
which it relates.
Grants payable are payments made to third parties in the furtherance of the charitable
objectives of the Trust. The grdnis are only recognised in the accounts when a
ovntnitment has been made and there are no conditions to be met relaling to the grant
which remain in the Charity's control.
Gov¢rnanc¢ Costs comprise all costs involving public accounLqbility of the charity and
its complianc¢ regulation and good practice.
c) Fixed Asset Invcstments
Investments are stated at market value as at the Balance Sheet date. Th¢ statement of
financial activitie5 includes the net gains and losses arising on revaluation and
disposals throughout the year.

THE DOIUS BOUGirroN TRUST FUND
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APIUL 2023
(Continued)
d) Realised Gains and Losses
All gains and losses are taken to the slalemenl of financial activities as they aTiSe.
Realised gains and losses on investments are calculaled as the difference between sale
proc¢eds and opening markel value (purchas¢ dale if later). Unrealised gains and
losses are calculated as the difference between the mXTket value at the end of the year
end and opening market value (or purchase dale if later). Realised and unrealised
gains ate not separated in the Ststement of Financial Activities.
3. Charitable Activiti
2023
2022
Grants of financial &ssistance to individuals
30.685
40209
Anatysis of Governance Costs
2023
2022
Salaries
Independent Examiners, Fee
Accounlancy
Stationery and Postage
Professional Fee
Other admin Expenses
9.272
801
1263
118
144
178
11.897
1.013
l.(K)7
70
11,776
13,987
5. Truste¢s' Remuneration and Related Party Transactions
The following Key Management received salaries and expenses during the year.
2023
2022
Salaries:
M Wilcox
C Inglis
C Shaw
3.272
3,140
8,757
9372
11,897
2023
2022
Expenses:
C Shaw
45
No other Key Management or Trustees received remuneration or expenses. The average
number of employees during the year 2 (2022: 2).

THE DORIS BOUGHTON TRUST FUND
NOTES TO THE Accouwfs FOR THE YEAR ENDED 5 APRIL 2023
(Continued)
6. Fixed As$¢t Inveslmcnts
2023
2022
Market Value 6 April 2022
Add: additions to investtnents at cost
Less: disposals at cost
Add: net gain l(loss) on revaluation
1.801.066
163,809
(148.810)
(142,530)
1.770.438
293.279
(181.479)
(81.172)
Market Value 5 April 2023
1.673535
1*01,066
Historical Cost of Managed Fund Investments £ 1,435,443
£ 1.420.445
The Truslees have given the Investment Advisers responsibility for the Management of
the Investment Portfolio in accordance with an investment approach agreed by the
trustees.
7. Creditors
2023
2022
Amounts falling due within one year:
Accruals
Payroll Tax
14,540
466
12,452
596
15,006
13,048
8. Revenue Reserves
The funds recognised &s Revenue Reserves ai 5 April 2023 wer¢ £133.800 (2022:
£129,137) and it is confirnied thai ihere are sufficient funds available to cover fluctuating
levels of requesis for SUPFK)rt. N*'hich may exceed a single }'ear's incom¢. for the
foreseeable future, in line the policy of the Tnlst.