Ch•rity règistration number 2150S6
Company regiBtratlon number 00325195 (Enyland and Wale$l
THE BOUGHEY TRUST COMPANY LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

THE BOUGHEY TRUST COMPANY LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
TrusteeBIDify¢torn
Mr G Foster {Chalrmanl
Mr M Pitchlord (Vice Chairman}
Mr G Davies
Mrs E Allan
Mr D Wa55ell
Mr E Davies
Mr C M Ingram
Mr A Rumbles
Ms E Funde
Mrs R Barton
Mr K Brolherton
Mr P Davidson
MT J Good
(Appointed 13 April 2023)
(Appointed 13 April 2023)
IAppoTrnted 13 April 2023)
(Appointed 13 April 20231
Ex Offlclo Tru¥te¥¥
Mr G Hickey
Mrs S Syrda
Retrd M Smith
Sècretary
Mrs A Stokes
Charity number
215056
Company number
00325195
Regi¥tsred offl
Abbey Court
High Strgel
Newport
ShTopshire
TF10 7BW
Indèpondtnt Examiner
MrA M Bridge FCA
Dains Avdit Limited
Suite 2 Albion House
Etruria Office Village
Stok&on-Tienl
Slaffordshirp
ST15RQ
Bankers
Bardays Bank PIC
23 Church Street
Tèlford, Shropshire
TF1 1DQ
Invèstrn•nt Manager
Barclays Wealth
1 Colmore Square
BiTmin9ham
B4 6ES

THE BOUGHEY TRUST COMPANY LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Proporty Managers
Davies. White & Perry
4547 High Street
Newport, Shropshire
TF10 7AT
Tempertons
2>25 High Slrè8t
Newport, ShTopshire
TF107AT
Soli¢itorn
Tery Jones
64 Upper 8ar
Newport, Shropshire
TF10 7EJ

THE BOUGHEY TRUST COMPANY LIMITED
CONTENTS
Pag•
Trusteès report
Independent examinevs report
Staternenl of financial actiwlles
Balance sheet
Notes to the finanual 818lemÈnls
9-16

THE BOUGHEY TRUST COMPANY LIMITED
TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 DECEAIIBER 2023
Introductlon
Sir Thomas Boyghey died on 30 August 1906. By his will he left the BaTley Mow in Newport, Shropshire lo Lady
Annabellts Btsughey on trÈÈst for her lo estsblish a trust for promoting the healthy and benefiaal occupation of the
inhabitants of Newport and District. By a Tnlst Deed dated 15 October 1906, Lady Boughey established the Trust in
a￿[dance with her late husband's wishes. In 1937 the Tru51 was incorporated a5 8 company limf(ed by guarantee
and il was subsequentty approved by the Lord Chancellor as a Trust Corporation enabling il lo hold property to
other trusts and organisalions as ¢ustodian trustee.
Oblectlves and a¢ti¥llles
The objectives of the Trust are as dgs¢ribed in ttko introduction. The Trustees hold investmenlg and property and
appty the in¢ome generaled by these asset5 to making grants lo other organisations in Newport and the
surrounding area, having particular regard lo prornoling the hoallh ond welkbeing of th6 inhabitan15 of Newport and
surrounding areas.
The Tmslees will consider applications from suitable instilulions and organisation5 al any lime, but, subject to
havir)g suffi¢t&nt financial resour¢e5. the trustees actively seek applications every year thiough the local press.
Public beneflt
The pybb'¢ ￿nerrtS Irom the activites ol the Trust due to its focus on the htrallh and welkbeing of the inhabitants ot
Newport anrj Ihe surrounding areas. Although r(s activities are limited geographically, the Trust does not discriminate
on the ground of p&rsonal background, faith, gender, age or personal circumstances other than lo focus ils grants to
local insrtkrtions where there is a proven need for its support in pursuit of its objectives.
Flnancial rovlew
In 2023, The Trust generated lolal income of £74,416. After management and adminislralion expense5 of £73,720,
il made grants of £6,2CXJ as listed in note 5. The addlK)nal realised and uniealis8d gains and losses on investments
of £25.833 ￿SuItIng in a nel movement in funds of £20.329, before the levalualion of the investment properties.
Taking into account the revaluations. as listed in note 10. the nel moveThent in funds was £410,329.
Achlevèments and pÈrforn)ance
l am very encouraged thal the trust h8$ continued lo func150n smoolhty, meelSng regularly, with a number of new
trustees now on the trust. We as a trust Still feel strongly that we ¢ontinue ID be rèsponsible landlord .' as we
continually reinvesting and mainlaining our propety portfolio to hlgh rentable standard. whilst also allocating grants
to tsrganisations here in Newport and our surrounding district. We have become more confident as a tru51 that we
are getting back lo the level$ ot awarding community gianls.. though wè know there is still a lot more we car) do to
gel OUT name out there. On¢e again through this report as Chaimian, I wvuld like lo put on record aoain my sincwe
thanks lo all our trust members for Ihtrir valuable support over the la8112 months, and espeaalty lo our contractOTS,
have once Again carried out iepairs and mainlenan¢e to enable the propertios lo be maintained to a very high
siandards and keèp ijur tenant5 safe and ¢omfortable. I would also like tts 8¢kn0wledge that our contractors are
usuauy available at very short notice.
I would also like once again in my report lo expiess my sir>cere thanks to Mrs. Annette Stokes ,our TDJSt secretary,
for heT continuing thoroughness and due diligence regarding Trust business.
As I mentioned eartier the Trust has now found holding rneetings much easier than when we were in the grips of the
pandemic and with new members now on board- holding méetir4Js with sufficient members.
The age of the properties which the Trust owns means Ihere is Still a continual requirèment for investment to
maintain their integfty. and also help solve issues which tenants bring to our attenlion.This ¢ontinual investment in
maintenance still means a sleady income for the Trust though draining of funds Thi5 still provides a desirablo
rental portfolio for residents who wish to live here in NgWPOrt.
Once agaln Chet*rynd House has continued lo be 8 pr()p8rty which requires Considerable Teinveslment due to ils
age and its Construction .' wfÉh regular maintenance- includin9 plumbing . decor81ion and also damp issues.

THE BOUGHEY TRUST COMPANY LIMITED
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Due lo this increased expendsture il is now a wish of the Trust that we look seriously at our property portfolio and
corne lo a derjsitsn as a Trust as to whether it is finanaally frugal to continue owning some due to their upkeep. and
how this takes a lol of money from our grant pot.
The Tennis Club s5nce lasl year has beèn offered thè opportunity to be more setf-relianl and the opportunity lo run
its own affairs induding being totally financialty independent-,We continue lo discuss this with the Tennis club.
In the short temi the Trust conlinL¢es to provide lunds lor Moss t￿atment , hedge cutting, gener81 m8intenanc8
which were paid jointly by the trust and the Tennis Club.
The replacement ol the ¢ourVs surfaces will be needed in the near fvture. This is somelhirsg we will be helping the
tennis dub with through a large yr8nt from the Trusts held funds using rnonies held in the tennis club account.
A$ mentioned we Bre wtshing frtr the dub to be more sew reliant and be able lo genorate Its own ftjnds to cover a
ils wnning costs . The club are now paying lor Iheii own electriaty usage.
To help the dub with this move we as a Trust are very grateful lo M$ Fundell and Mr Brtslherton and Nlr Davidson
who very kindly sil on the Tennis Clubs management committee this 9ivès thè Tnjsl a voice and a direct link wFth Ihe
day lo day running of tho dub and the management towards ils self reliance.
There are a number of issues regarding accèss and car parking on the adjacent land whi¢h causes the Trust issues
which we are still working on with the Tennis club and the Literary instilule.
The 'Pop in, room as previously mentioned in my ￿POrts Wos decorated 4 year5 ago ,Ihrough the inst￿[9110n of a
$en$or controlled heating control and insulation. This makes the room a more desirable meeting roorn. offering the
Trust 0￿S1Onal rental opportunities from weddings though this has proven to be drfficull due lo the overheads for
the Council to rnanaye. It is used occasionally for meetings, and for community groups lo gel together, being
advertised on our Trusts websile.This eonts'nues to benefit to help cover and help lo ￿Ver costs.
11 must also be noted that the ¢¢ffee moming is still in operation on Fridays with Ih8nk$ lo the E8dies. The History
soclety did meet regularly with ¢offee moming ￿$110rS as part of their history work in the community, provtding
displays and talks howeverjust recently Ihp society has moved lo new premises.
Longford playgroup continues to still be a very successful venture in one of our other properties The nursery is
very sew reh.anl in fegards of managing a lot of their own repairs and maintenance of the property, though we
acbvely encourage them lo seek the Trust help.we often give them relrospective grants through work they do
without seeking our support ..Very ￿mMendable
The trust continues renting one of the ¢8r parking spaces on Ihe high street nexl lo the 'Bod bar. as an enhanced
Seating area for guests. The cottage att3ched lo the Bod is now rented out to a private lenanl whilst the garage
adjacent is still rènted out by the local food bank for slora99. We a￿ in the process ol transferring ihe fuse bctxes
out of the garage and into 17a.
A property which we very rarety report on which is part of our portfolio . is the Youth Centre at Lilleshall.
We are currenlly in the process of leasing the property to The Scouts rnovernenl on a "pèpper com renl'so as lo
alleviate the risk ol finanual pen81ty against the trust for Tepairs and maintenance. We have a solicilor currently
working in this. Since last year slTUCtural and intèmal surveys have been undertaken and a number of issues which
netrd attention.
The Trusts wèbsii& still eontinues lo promote u5 to local residents in and around Newport, providing a plarfomi for
grant applications and a v6hicle to celebrate our awards lo the widef community. This website still offers a means
for local groups in the town to access grants to support their - this continues to be well received a
valuable tool in promoting the Trust to Newport residents both now and in the firtur¢. We a￿ going to review thls
and also use start to use Facebook to promotè the Trust
We have awarded a number of grants during the year induding ones lo
the lown$ carnival ,Ihe Cottage Care
hospital. Longford playgroup, Church Aston village hall. Se8 n(yle 5 for more detail.

THE BOUGHEY TRUST COMPANY LIMITED
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Pl4n$ for future periods
The Youth CentTe in Lilleshall is still going through Ihe process of legally being laas8d to the Scouts movtrment., a5
I mentioned there may be funding fequir&d for upgrade 8nd repairs prior lo this bèing achieved.
We are also still working even after a year to fesolve with thè land registry legarding land nexl to thè tennis dub
,which we owned and has been developed, regarding compensation for the land.
As I conlinually report there will be a constant nèed for ongoing repairs and general maintenance work due to the
age of trus15 PToperties.This may lead to us lookin9 at re slructuring our portfolio, selling some, and reinvesting in
newer ones so as lo cut down on maintenance costs and a drain on our fLFnds.
In the short term the constrLKtiort typè and listed Iconsevvalion area status of our buildings may still meon that somè
caprtal expenditure will be required.
The finanaal posilitsn of the Trust continues lo be relatively healthy. ovfrr the last 4years due to COVID 19 the
Trusts income is not the same as in previous years, but now we are considtrrin9 how to get back lo how wè were.
The trust still strives lo encourage genuine grant applications and seeks lo dislribijle several thousand5 of pounds
every ye8r.All of the annual events ¢ancAlled in Newport during the pandemic are now again back in operation and
will require grant support from the trust.
We are now hoping that the Bovghey TrL￿1 will on¢¢ again continue lo support groups and societies , and ultimately
th¢ residents here in Newport.
Legal and Aqlminlstrative
The Trust is a ￿rnpanY limi(ad by guaranlee under number 325195 and as a eharty under number 215056.
The trustees who are ?Iso the direcloTS for th¢ Purpose of company law, who served during the year and up lo the
dale of signatur& of the financial statements weie:
Mr G F051er {Chaimanl
MT M Pit¢hford Ivice Chairman)
Mr G Davies
Mrs E Allan
Mr D Wa5sell
Mr E Davies
Mr C M Ingram
MrARumbles
Ms E Fund811
Mr$ R B8rton
Mr K Brolherion
Mr P Davidson
MrJ Good
IAppoSntgd 13 April 20231
(Appointed 13 April 20231
(Appointed 13 April 20231
(Appointed 13 April 20231
Reserves Policy
A substantial prow7rtion ol the Trust's reserves are represented by tre assets of the Trust. Othèr than these, and
now that the significant works have been undertaken at Chehvynd Hovse and 172 High street the Trustees aim lo
retain sufficient reserve$ as working capital lo rvian8ge the day-to-day affairs of the trust allowing for unforeseen
expendlture al befvleen £20,000 and £3Ql.000. AI 31 De¢ember 2023. the trust had free reserves of £66,051.

THE BOUGHEY TRUST COMPANY LIMITED
TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Structure, Governance and Management
The prinapal assets of the Trust, compromising of a portfolio of investments and property, are managed by 8ardays
VVe8tth and Dawes, While and Pery and Ternpertons.
Day-topday management of the Twsl is undertak¢n by the Secretary. The TTuslees meet formally on a regular basls
to review the affairs and financial perfoman¢e of tho trust and consider applieations for grants.
Trustees are recruited from the inhabitants of Newport, are aPPDinted by the existin9 Tru$lees and inrluded into the
role by the chairman. Training is PTovided wheTe necessary.
Ri$k Management
The Tru51ees annualty review the major risks to which the trust is exposed and the policies. practices and
p¥ocedure5 in place lo miligale those risks. Where appropriate, the trustees take out insurance policies lo counter
the risks identified and use professional managefs to manage their assets.
Funds held as Custodian trustee
The Investments and property held as as5el$ of the trust are held as cuslodlan trustee on behaw of the charity of
Dame Sarah Annabella Boughèy.
Complianee Ststement
The Truslees have complied with their duty under section 4 of the Charities Act 2006 to have due regard lo the
guidance i85ued by the Charity Commi¥$itsn Con¢ernlng Public benefiL
Small Company Provisions
Where they do not conflict with the requirements of the St8temenl of Recommended Practice 'Accounllng and
Rèporbng by Charities" this report has been prepared in acc¢)fdance with the regime for small ¢ompanies as
¢onl8inèd within the Companies Act 2006.
The Trustees report was approved by the Board of Trustees
Foster Ichairrnan)
Date..

THE BOUGHEY TRUST COMPANY LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE BOUGHEY TRUST COMPANY LIMITED
I report lo the Trustees on my examination of the financial statements of The Boughey Trust Company Limrted Ilhe
company) for the year ended 37 December 2023.
Responslbillties and basls of report
As the Trustees of the Company land also its directors for the purposes of company lawl you are respon&ble for the
preparation of the finanual statements in accordance w*lh the requirements of the Companies Acl 20C6 Ilhe 2006
Having sab'sfied myself that the financial statements of the company are not required lo be audited under Part 16 of
the 2006 Acl and are eligible for independent eyaminalion, I report in respect of my examination of the company's
financial statements carried out under section 145 of the c￿aritieS Act 2011 Ilhe 2011 Acll. In carrying out my
examination I have followed all the applicable Difectsons given by the Charity Commission under section 14515)Ibl
of the 2011 Act.
Independent examlnerfs statement
I have compleled my examination. I confirm that no matters have come to my attention in connection with the
examination giving me caL¢se lo believe that any material respect..
aC￿unting reeords were not kept in respect of the Company as required by section 386 of the 2006 Act., or
the financial slalements do not accord with those records,. or
the financial statements do not comply wth the accounting requiremenls of section 39S of the 2006 Act other
than any requirement Ih8t the accounts give a true and fair view which is not a matter considered as part of an
independent examination", or
the financial statements have not been prepared in accordance with the methods and principles of the
Slalemenl of Recommended Practice for a￿Ounting and reporting by charits'es applicable lo charities
preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK ar¥J
Republic gf Ireland IFRS 1021.
I have no concerns and have come across no other matters in connection with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the financkal statements lo be reached.
MrAM Bridge FCA
Dalns Audlt Llmlted
Suite 2 Albion House
Etruria Office Village
Stoke-on-Trenl
Stsffordshire
ST1 5RQ
Dated..
51:..1:

THE BOUGHEY TRUST COMPANY LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
Unrgstrlcted Endowment
funds
funds
2023
2023
Total Unrestricted Endowment
funds
funds
2022
2022
Total
2023
2022
Notes
Investments
70,969
70,969
66,759
66,759
Raising funds
70,273
70,273
39,989
39,989
Charitable activities
6,200
6,200
1,300
1,300
Total expendlture
76,473
76,473
41,289
41,289
Net gainslllossesl on
investments
25.833
25,833
152,363)
(S2,3631
Nel Incomellexpendlturel for
the yearl
Revaluation of tangible
fixed as5els
Net movement In funds
390,000
410,329
390,000
410,329
{26.893)
{26,8931
Fund balances al l January
2023
1.235,572
25,000
1,260,572
1,262,485
25,000 1,287,465
Fund balances at 31
December 2023
1.645,901
25,000
1,670,901
1,235,572
25.000 1,260,572
The statement oi financial activities ineludes all gains and losses recognised in the year.
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing aetivities.
The slalement of financial activities also complies with the requirements for an income and expenditure account
under th8 Companies Act 2006.

THE BOUGHEY TRUST COMPANY LIMITED
BALANCE SHEET
AS AT31 DECEMBER 2023
2023
2022
Not9$
Fixed a$$Èts
Tangible assets
Investments
10
11
1.127.080
477,770
737,08
438,359
1,604,85Ct
1.175,439
Current a$$¢ts
Debtors
Investments
Cash at bank and in hand
12
13
5,462
8,388
55,167
5.217
17.203
65.826
68.997
88.246
Cr¢dltors: amounts faulng due within
on* y*ar
0th8T creditors
14
2,946
3.113
Nel current assets
66.051
85,133
Totsl as$ets less curyont Ilabilities
1.670,901
1.260,572
Capltsl fuAds
Endowment fund$
Income fund5
nres
ed funds
Genèral unreslricled funds
Fair Value reserve
16
25,000
25,000
17
17
589.941
1,055,960
569.612
665.9fj0
1.845,901
1,235,572
1,670.901
1.260,572

THE BOUGHEY TRUST COMPANY LIMITED
BALANCE SHEET (CONTINUED}
AS AT310ECEMBER 2023
The ¢ompany is entitled lo the exemption from Ihe audit requirement contained in section 477 of the Companies Act
2006, ftsr the year ended 31 December 2023.
The directors acknowledge their re5ponsibililieg lor Complying with the requirements ol th& Cornpanles A￿ 2008
with respect to accounting records and the preparation of finanrAal 51alemenls.
The memb$rs have not required the company to obtain an audit of ils financial statements for the year in question in
accordance with section 476.
These financial slaternents have been prepared in 8¢¢ordanee with the provi$ion$ appli¢ablé to companies subj•ct
to the small companies regime.
ncial statements were approved by the Trustees on .......... . .
Foster {Chairmanl
Trustee
Company reglstratlon numbtrr 00325195

THE BOUGHEY TRUST COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accountlng pollcl&s
Charity informatlon
The Boughey Trust Company Limil&d is a private company limited by guarantee incorporated in England and
Wales. The iegistered Offi￿ is Abbey Court, High Slieet, Newport, Shropshire, TF10 78W.
1.1 Accountlng convention
The finanaal statements have been prepared in accordance with the Companies Act 2006, FRS 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland I'FRS 102.1 and the Charities
SORP "Accosjnting and Reporting by Charities.. Statement of Recommended Practice applicable lo eharilies
preparing their accounts in accoTdance with the Financi81 Reporting Standaid applicable in the UK and
Republic of Ireland IFRS 1021 (effective 1 January 20191. The company is a Public Benefii Entity as defined
by FRS 102.
1.2 Charltable funds
Unreslricled tunds are available for use at the discretion of the Trustees in furtherance of their charitable
objectNes.
Restricted fund5 are subseci lo specific conditsons by donorg or grantors as lo how they may be used. The
purposes and uses of the restricted funds are sel out in the notes lo the finan¢ial slatemenls.
Investment income, gains and losses are 8llocated lo the appropriate fund.
1.3 Incomè
In¢ome is recc¥Jnised when the Company is legally enlilled lo it after any performance conditions have been
mel, the amounts can be measured reliably, ?nd il is probable that income will be ieceived.
1.4 Expendlture
Expend¢ture is Tecognised once there is a legal or construetwe obligats'on lo transfer economic benefit lo a
third party. it is probable that a transfer of eeonomic benefits will be required in gettlement. and the amount of
the obligation can be measured reliably.
1.6 Tanglble fixed assets
Tangible fixed assets are initially measured al cost and subsequenlty measured at cost or valuation, net ol
depreciation and any impaimienl losses.
Depreciation is recognised so as lo wrrte off the cost or valuation of 8ssels less their residual walues over their
useful lives on the following bases..
Computer5
33Vg on Gost
The gain or loss aiising on the disp05al of an asset is detemineé as the difference between the sale proceeds
and the carrying value of the assèt, and is recognised in the statement of financial activities,
Tangible fixed assels which are freehold investment properties are carried al market value, based on
independent Professional valuations. There values are reviewed annually by the Tru51ees. No depreciation is
provided on investment properties.
Leasehold properties are carried at cost, which the trustees consider represents falr value. They are
maintained in a gpod slate of repair, such that th￿r estim*èd residual value is not less than cost and
onsequenlly they are not depreciated.

THE BOUGHEY TRUST COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accountlng pollcies
Icontlnuedl
1.6 Flxed a55et investm9nts
Fixed asset investments are initially measured al transaction price excluding transaction costs, and are
Subsequently measured 21 fair value al each reporting dalg. Changes in fair value are reeognised in net
incomellexpendilurel for the year. Transaction costs are expensed as ineurred.
1.7 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held al call WFth bank5, other short-lerm liquid
investments with original maluTilies of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabililies.
Investments
Unrestrlcted Unrostrlcted
funds
fund$
2023
2022
Rentsl Income
Dividend income
Interest receivable
59,108
11,455
406
56,585
9,428
746
70,969
68,759
ExpendituTr on ralslng funds
Unrestricted Unrestrleted
funds
nd8
2023
2022
Tr#dlng costs
Other trading actiwlies
63,562
34,325
Investment management
6,711
5,664
Total costs
70,273
39,989
10-

THE BOUGHEYTRUST COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Expenditure on ¢hwltsblè actIvi￿e$
H¥ading
#0¢982
2023
Hèading
#ac982
2022
Direct costs
Grant funding of aGtivilies (see note 51
6,200
1.300
Analysis by fund
Unrestricted fund$
6.200
1.300
Grnnts payable
2023
2022
Grants to institulions..
Church Aston Village H811
First Responders
Camival
Newport Girls FC
Longford Playgroup
Newport V15ually Impaired
The Cottage Caro Hospital
St Geor9ès Day Grant
900
1,0
5CQ
2,0
500
1,000
1,000
300
6,200
1.300
A¢¢ountants remmuneratlon
Fee$ payabl•
2023
2022
Non4udit $¢Diieos
All other ncn-audil semces
2,400
2,340

THE BOUGHEY TRUST COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED>
FOR THE YEAR ENDED 31 DECEMBER 2023
Trustees remuneratton
None of the Trustees lor any person8 connected wilh them) received any remuneration or benefils from the
Company during the year.
The Trust In¢urred the following expenses in connedon with the work of the secretary=
2023
2022
£3,0(YJ £2,750
Expensos
There were no employees in the year
TTu$ts•s' expenses
There werè no Trustees, expenses paid hr the year ended 31 Doc8mber 2023 nor for the year ended 31
Decembei 2022.
Employetrs
The aver896 monlhty numbei of employees during the year was..
2023
Numb•r
2022
Number
Total
There wère no employees whose annual remuneration w8$ more than £60,000.
Taxation
The tharity is exempt from laxalion on 11$ a¢tiMli8s because an it5 incorne is applied for charitable purposes.
10 Tangible fixed a$$ets
Froehokl14Trd
bull¢Jln9S
Le¥s•hold
land and
bulldlngs
Computers
Total
Cost
At 1 January 2023
Revaluation
700,000
390,000
37,080
484
737.564
390.IXIO
At 31 December 2023
1,090,000
37,080
484
1,127,$64
Depr*eiation and Impalrnwnt
At 1 January 2023
484
At 31 December 2023
484
Carrying amount
Al 31 December 2023
1.090,000
37,080
1,127,080
At 31 December 2022
700,000
37.080
737,080
12_

THE BOUGHEY TRUST COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
10 Tanglbk fixed assets
(Continued)
Freehold investment propert(es were ievalued in 2023 by independent chartered surveyor5 Tempertons on
onlinuing use basis. The historical ¢osl is £34,540.
The freehold of the Guildhall, Newport Ss earri&d al £Nil as il is an inalieable historical asset that productss no
in¢om8.
11 Fixed a$$•t Invèstments
Llsted
Investmtnts
Cost or valuatlon
Al 1 January 2023
Additions
Valuation chanye$
Disposals
438.359
174,682
25.833
(161,1041
Al 31 December 2023
477,770
Carylng •mount
Al 31 December 2023
477,770
Al 31 December 2022
438,359
Llsled investments indud¢d above..
2023
2022
Bonds
Equities
Altemative
173.992
220,685
83,113
129,113
199,949
109,297
12 Debtors
2023
2022
Amounts falling due within on• year..
Piepaymenls and accrued income
5,482
5,217
13 Currnnt asset investments
2D23
2022
Unlisted investments
8,388
17,203
13-

THE BOUGHEY TRUST COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
14 Other crndltors falllng due wlthin one year
2023
2022
Other creditors
Accruals and defwred income
546
2.400
756
2,357
2,946
3,113
15 Endowment fund$
Endowment funds represent assets whlch musl be held p¢rman¢ntty by the Company. Income arising on the
endowment funds can be used in accordance with the objects of the Company and is induded a5 unrestricted
income. Any capital gain5 or losse5 arising on the assets fom part of Ihe fvnd.
At l Jolluary
2023
At31
D•umb•r
2023
Pennanent endowments
25,000
25.IX)O
Prevlou8 year.
At 1 January
2022
At31
December
2022
P•rn7anent endowments
25,000
25.000
16 Anatysls of net a$sets be￿¢t￿ fund$
Unrostrict•d Endowment
funds
fund$
2023
2023
Totsl
2023
Fund balan¢e$ at 31 December 2023 are repre$•nted by:
Tangible assets
Inveslments
Curront assetsllliabilil¢esl
1,127,080
477.770
41,347
1.127,080
477,770
66,051
25,000
1,646,197
25.000
1,670.901
14

THE BOUGHEY TRUST COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
16 Analys1$ of net a¥82ts betw•$n fund$
IContlnu¢dl
Unrestrlcted Endowment
funds
funds
2022
2022
Totsl
2022
Fund balance$ at 31 Decembtrr 2022 ale rnpresented by:
Tangible assets
Investments
Current asselslOi¥bklitses>
737,080
438.359
60,133
737,080
438,359
85,133
25.000
1,235.572
25,00
1,260.572
17 Movoment in Funds
Movement in funds12022}
lftcomlng
RgFources
Galns and
B8lan¢o at
r8sources
expend•d
108sesf January 2023
I JBnuary 2022
General Fund
Falr Value Reserve
Endowment Fund
596,505
665,960
25.000
66,759
141,289)
152.3631
569,812
665,960
25,000
1.287.465
66,759
141,289}
152.3631 1,260.572
Movement In funds120231
Incoming
resources
Rosourcts
•xpBnded
Galns and
Balance at
1088•5 31 December
2023
l January 2023
General Fund
Fair Value Reserve
Endowment Fund
569,612
665,960
25,OOQ
74,416
390,000
179,9201
25,833
589,941
1,055,960
25,QOO
1.260,572
464,416
(79,9201
25,833 1,670.901
18 Relatsd party transa¢tion$
During thè year the company made payments to Tempertons Estate Agents, a rim) in which MrA Temperton is
a partner, for management servi¢es at 17a High Street Newport totalling £66412022 £8281. The company also
made payments to KRM Contractors Limited, a company in whi¢h Mr A Rurnbles 15 a dI￿￿or and shareholder.
for variou5 repairs and improvements at properties owned by the ¢harity totalling £27.79712022 £8,503).
15

THE BOUGHEY TRUST COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
19 Members Liability
The company is a company limited by guarantee and nol having share capital. Mernbers, who are the
TwstèeslDirectors will contribute £1 ea¢h in the event of winding UP.
Endowment funds rtrprestrnt the ¢riginal leg8¢y left by Dame Sarah Annabella Boughey to set up th8 charity
and are reylricted lund$.
16-

Draft Flnanclal Slatampnts at 11 Aprll 2024 at 16:53:43
THE BOUGHEY TRUST COMPANY LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
INCOIAEAND ENDOWMENTS
Rent5 ￿￿1Ved
Quoted investsnents
Interest received
59,108
11.455
406
56,585
9.428
746
Totsl incoming re80urces
70,969
66,759
EXPENDITURE
Support costs
M•na9•mgnt
Propèty management cosls
Investment rnanagemenl costs
Rates and water
Accountancy
Repairs and m8intenhftce
Website costs
Grants and donations
Secretary fees
Heat and light
Insurance
5.301
6.711
329
2,383
42,435
462
6,200
3.000
2.615
7.037
5,824
5.664
1.218
1.966
13.S99
1.300
2,750
1.941
7,027
Total resources expond$d
76,473
41.289
Net inc4Jmellexpenditurel befora gains and losses
{5.5041
25.470
Reallse¢J galnsl{lossesl on fixed asset Invesbnents
25,B33
152.3631
Net ineomè
20.329
126,893)