THE DORIS BOUGHTON TRUST FUND (Registered Charity No. 210324) REPORT AND ACCOUNTS YEAR ENDED 5 APRIL 2026 TC CROUP CELIXIR HOUSE STRATFORD BUSINESS & TECHNOLOGY PARK INNOVATION WAY BANBUR Y ROAD STRATFORD UPON AVON WARWICKSHIRE CV37 7GZ
THE DORIS BOUGHTON TRUST FUND REPORT AND ACCOUNTS CONTENTS PAGE TnteeS and Advisers Trust¢¢s and Management Committee's Report Indq)endent Examiners, Report Statement of Financial Activities Balance Sheet Notes to the Accounts 7-10
THE DOIUS BOUGHTON TRUST FUND TRUSTEES AND ADVISERS CUSTODJAN JIND INVESTMENT ADVISOR Evelyn Partners 103 Colmore Row Birniingham B3 3AG TRUSTEES B Singh Nagra- Chaiman - appointe4J as a Trnstee on 18 Octob¢r 2023 and appointed as Chairn]an on 17 January 2024 C M Bowden R Sparkes B Smart- resigned October 2025 T D Williams A Shurvinton A Cross - appointed 23 January 2026 C Anderson- appointa 23 January 2026 KEY MANAGEMENT C Shaw - Administrator W Ryan- Treasurer INDEPENDENT EXAMINERS TC Group Celixir House Stratford Business & Technology Park Innovation Way Banbury Road Stratford upon Avon Wanvickshire CV37 7GZ BANKERS Barclays Bank plc I Churchill Place Leicester LE87 2BB ADDRESS: 39 Athnington Drive Hatton Park Warwick CV35 7TZ
THE DORIS BOUGHTON TRUST FUND REGISTERED CHARITY NO. 210324 TRUSTEES? ANNUAL REPORT The Trustees present their report along with the financial statements of the Charity for the year ended 5 April 2026. The financial statements have b¢en prepared in accordance with the accounting policies set out on page 7 and comply with the Trust Dee¢ the Charities Act 2011 and "(FRS 102)" Accounting and Reporting by Charities: Statement of Rcwmmended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland effective l January 2019. Strueture, Gov¢rnanc¢ and Management The Fund was eslablished by Trust Deed on 26 September 1949 and is gov¢med by the Trust Deed between Edward Bishop Boughton and Barclays Bank Trust Company Limited the Custodian Truste¢. On 6 September 2001, 8 January 2014 and on 20 April 2015, the Charity Comvnissioners approved a scheme to am¢nd the original Trust Deed to reflect the future structure of the Trnst and discharge Barclays Bank Trust Company Limited from its trusteeship appointing the members of the ¢xisting Committee in their place. Public Benefit The trustees confirni they have compli¢d with their duty under section 4 of the Charllies Act 2011 to have due regard to the Charity Commission's general guidance on public benefit. Objectlves and Aetivfitles To maximise the income to the Fund to give financial assistance to employees and ex ¢mployees (including their dq)¢ndants) of Whitn&sh PLC (fornlerly Automotive Products PLC} together with the continuing businesses which were UK Subsidiaries of Automotive Pr(Mlucts Group Ltd at any time up to 31 December 2(M)6. who arc, in the opinion of the Trustees, in need of such assistanc¢. The Trustees have given consideration to th¢ Charity Comrnission's general guidance on public benefit wh¢n r¢viewing its aims and objectives. Achievements and Perforniance Grants tota]ling £44,100 were made to 32 beneficiaries during the year (2025: £29,715 to 32 beneficiaries). Flnan¢fial Review The Statement of Financial Activities on page 5 shows net outgoing r¢sour¢es for the year of £32,147 (2025 net outgoing £2,773). The change in the value of the Fund due to recognis¢d gains on investmerAts during the year was £190,358 (2025 recognised losses of £77.207) making the total net movement in the year a increase in the Fund's a&sets of £158,211 (2025: decreas¢ of £79,980). InveStent Report and Perform2nee The Invesiment Managers aim to nwiage the filnds so that they generatc suffi¢i¢nt income from the investmenls to maintain cuffent ben¢fits whilst also maintaintng the real long-temi value of the investments to support the payment of future benefits. The investment income for the year decreased by £4,422 (8.140/0) due to the general decr¢as¢ in dividends and interest rates in the y&2r. The value of the investments in¢Tea$ed by £160.771 to £1,786,352 which was a slight underperforman¢e cornpar to the benchmarks used by the investment managers. The trustees continue to m¢¢t annually with the investment managers to review inv¢stment strategy and make any changes as deemed necessary to improve overall perfonnance whilst mitigating risk.
THE DORIS BOUGHTON TRUST FUND REGISTERED CHARITY NO. 210324 TRUSTEESI ANNUAL REPORT Reserves Poliey It is the policy of the Clwity to maintsin unrestTTCted fijnds at a level which provides sufficient funds to cover management and administration and support costs to respond to applications for grants. Unrestricted funds were rnaintaln at this level throughout the year. Responsibility of the Truste¢$ ID relation to the financial statements The Charity trustces 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 ¢harities in England and Wales requires the trustee(s) to prepare financial statements for each financial year which give a tn and fair view of the ¢harity'5 financial activities during the year and of its fin¢181 position at the end of th¢ y¢ar. In preparing financial statemenls giving a true and fair vi¢w, the trustees should follow best practice and: s¢l¢ct suitable accounting policies ond then apply them ¢onsistently' observe the methods and Principles in th¢ applicable Charities SORP. make judgements and estimates that are reasonable and prndent. state whether applicable aCUnting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements" prepare the financial statements on the going concern basis unless It is inappropriate to presume that the charity will wntinue in operation. The tnlstees are responsible for k¢¢ping accounting records that disclose with reasonable accuracy at any time the finan¢ial position of the charlty and to enable them to ensure that the financial statements comply with th¢ Charities Act 2011, Ihe applicable Charities (Accounts and Reports) Regulations and th¢ provisions of the tnjst deed. They are also responsible for safeguarding the assets of the charity and taking reasonable stq)s for the prevention and d¢t¢ction of fraud and other iTr¢gularities. Approved by the Trustees and signed on their behalf by". Signed: B StNGH NAGRA Chaim]an Approved by the Trustees on: Date: 171..7.1.Zo.Z6.....................
INDEPENDENT EXAMINERST REPORT TO THE TRUSTEES OF THE DORIS BOUGHTON TRUST FUND I rq)ort to the charity trustees on my examination of the accounts of the charity for the year cnded 5 April 2026 which ar¢ set out on pages 5 to l O. Responsibilities and b8$1$ of report As the charity's trustees you ar¢ responsible for the preparation of the accounts in accordance with Ihe requirements of the Chartti¢s Act 2011 {'Ihe Act,). I report in respect of my examination of the charity's accounts caffied out under section 145 of the Act and in Carrying out my examination I hav¢ followed all the applicabl¢ Directions given by the Charity Commission under section 145(5)Ib) of the ALt. The charity's trustees consider thai an audit is not required for this year under section 144 of the Act and that an ind¢p¢ndent examination is needed. Independent examinerg, StYdtemeDt Your attention is drawn to the fact that the charity has prepar¢d financial statetnents in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporling Standard applicable in the UK and Republic of Ireland (FRSI 02) in preference to th¢ Accounting and Reporting by Charities: Stat¢Tnent of Recomm¢nded Practice issued on l April 2005 which is referred to in the extant regulations but has now been withthawn. I und¢rstand that this has been don¢ tn order for financial statements to provide a tnje and fair view in accordance with Generally Accepted Accounting Practice effective for reporting p¢riods beginning on OT after l January 2015. I have completed my examination. I confiTm that no material matters have ¢ome to my att¢ntion in connect20n with the examination giving m¢ cause to believe that in any material accounting records were not kept in respect of the charity as requir¢d by section 130 of the Act. or the accounts do not accord with those r¢cords' or 3. the accounts do not comply with the applicable requirements concerning the forn) and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that tbe accounts give a 'true and fair view, which is not a matter Considered as part of an independent examination. I have no concerns and have Come across no other matters in co1c¢tion with th¢ examination to which attention should be drawn in this report in ord¢r to enable a proper understanding of the accounts to be reached. TC Group C¢lixir House Stratford Business & Technology Park Innovation Way, Banbury Road Stratford upon Avon, Warwickshkre CV37 7GZ
THE DORIS BOUGHTON TRUST FUND STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2026 2026 2025 Tr40trs Ineoming Re$our¢es Investment Income 49,905 54,327 Interest received 524 495 Totaj Income 50,429 54,822 Resources Expended Investment Management Costs Charitable Activittes Govemance Costs 12,743 40,900 25,733 12,554 29,715 15,326 Total ExpenditLwe 79,376 57,595 Net income/(expenditure) before ffinvestment gains and 105se$ (28,947) (2,773) Profit l (Loss) on sales of Inv¢stments Gains/(losses) on Investments 51,199 139,159 17,508 (94,715) Net Movement in Funds 161,411 (79,980) Reconciliation of funds: Total fimds brought fonvard as at 6 April 2025 1,679.684 1,759,664 Total funds carried forward as at 5 April 2026 1,841,095 1,679,684 The notes on pages 7 10 l O forni part of thcse acwunts.
THE DORIS BOUGHTOIY TRUST FUND BALANCE SHEET AS AT 5 APIUL 2026 2026 2025 otes FIXED ASSETS Managed Fund Investments - 1,786,352 1,625,581 CURRENT ASSETS Cash at Bank 71,177 65.828 71,177 65,828 CREDITORS: Amounts falling due within one year 16,434 11,725 NET CURRENT ASSETS 54,743 54,103 NET ASSETS 1,841,095 1,679,684 FUNDS OF THE CHARITY Unr¢slrict¢d Funds 1,841,095 1,679,684 Approved by the Committee on (Chainnan) . {Treasurer) B sGH NAGL4 WRYA
THE DORIS BOUGHTON TRUST FUND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2026 Basis of Accounting The financial stalements have been prepared in accordance with the Charity's Trust Deed, the Charities Act 201 I, FRS 102 "The Financial Reporting Stsndard applicable in the UK and Republic of Ireland"("FRS102") and the Charities SORP "Accounting and Reporting by Charities: Statcm¢nt of Recommended Practice applicable to chartti¢s prcparing their accounts in accordance with th¢ Finan¢ial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (eff¢¢tive l January 2019). The charlty is a Public Benefit Entity as d¢fined by FRS 102. The financial statements have been prepared under the historical wst convention with the ¢xcq)tion that investments are included at market value. The charAty constitutes a public b¢n¢fit ¢ntity as defined by FRS102. The trustees consider that there are no material uncertainties about the Trust's ability to continu¢ as 8 going concern. Ac¢ountlng Policies
) Incoming Resources
All ineoming resouTces are recolsed once the Charity has entitlemenl to the resources, it is certain that the resources will be receiv¢d. and the monetary value of incoming resources can be measur¢d with sufficient reliability. b) Resources Expended Expenditure is recognised on an acerl1 basis as a liability is incurred. Expenditure includes irrecoverable VAT and is report¢d as part of the ¢xp¢nditure to which it relates. Grants payable are payments made to third parties in the furtherance of the charitable objectives of the Trust. The grants are only recognised in the accounts wh¢n a commitment has been made and there are no condilions to be met relating to the grant which remain in the Charity's conlrol. Governance costs comprise all wsts involving public accountability of the charity and its wmpliance with regulation and good practice. c) Fixed Asset Investments Inveslrnents are stated at market value as at the Balance Sheet date. The statement of financial activili¢s includes the net gains and losses arising on revaluation and disposals throughout the year. d) Realised G8kns and Losses All gains and losses are taken to the stat¢m¢nt of financial activities as they arise. Realised gains and losses on investments are calculated as th¢ difference between sale proceeds and opening market valuc Ipuwhase date if later). Unrealised gains and losses are calculated as the difference between the market value at the end of the year end and opening market value (or purch&se date if later). Realis¢d and unrealised gains are not separated in the Stalemcnt of Financial Activiti¢s.
THE DORIS BOUGHTON TRUST FUND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2026 (Confinued) e) Charitable Funds Unrestricted funds are available for us¢ at the discretion of the Trustees in furtherance of their charitable activities. 3. Charitable A¢tivitAes 2026 2025 Grants of financial assistance to individuals 40,900 29,715 Analysis of Governanee Costs 2026 2025 Salaries & National Insurance Independent Examiners, Fee Accountancy Stationery and Postage Professional Fee Other admin Expens¢s 18,004 1,121 1,351 140 213 4,904 12,150 1,069 1,559 iio 438 25,733 15J26 5. Trustees, Remuneration and Related Party Transaetions The following Key Management received salari¢s and exp¢nses during the year. 2026 2025 Salaries: M Wilcox C Shaw D Reath W Ryan 1,518 10,059 309 11,558 5,320 16,878 11,886 2026 2025 Expenscs: C Shaw M Wilcox W Ryan 376 138 137 142 518 275 No other Key Management or Trustees rw¢ived remuneration or ¢xpenses. The av¢rag¢ numb¢r of employees during the year was 2 (2025: 2).
THE DORIS BOUGHTON TRUST FUND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2026 (Contintled) 6. Flxed Asset Investments 2026 2025 Market Value 6 April 2025 Add: additions to investments at cost Less.. disposals at market value Add: net gain /{loss) on revaluation 1,625,581 231,040 (236,578) 160.309 1,726,780 593,171 (599,655) (94,715) Markd Value 5 April 2026 1,786J52 1,625,581 Historical Cost of Managed Fund Inv¢stments £ 1,609,082 £ 1,591,606 The TteeS have given the Investment Advisers sponsibIlity for the Management of the Investment Portfolio in accordance with an inv¢stm¢nt approath agreed by the trustees. 7. Creditors 2026 2025 Amounts falling due within on¢ y¢ar: Accruals Payroll Tax 15,556 878 11,163 562 16,434 11,725 8. Revenue Reserves The funds recolS¢d as Revenue Reserves at 5 April 2026 were £157.612 (2025.. £163,819) and it is confinned that there aFe sufficieni funds available to eover fluctuating levels of requests for support, which may ce¢d a single year's income. for the foreseeable future, in lin¢ with the policy of the Trust. 9. Taxation The charily is exempt from taxation on its activities because all its income is applied for charitable purpos.
- Managed Fund Investment5 2026 2025 Governm¢nt Securities FixpAI Interest UK Equili¢s Unit Trnst Property Funds North Am¢rica Europe Far East Rest of World 184,451 172,883 356,510 47,649 49,482 316,023 73.105 208,101 378,148 189,612 166,010 246,792 47,013 116,624 248,081 74.132 150,661 386.656 1,786,352 1,625.581 io-