THE BOUGHEY TRUST COMPANY LIMITED Company rnghtradon number 00325195 IEngland and Wales) Charity raglstrdtlon numbtrr 21SO56 (England and Wal} ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMETrirs FOR THE YEAR ENDED 31 DECEMBER 2025
THE BOUGHEY TRUST COMPANY LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustee8 Mr G Foster {Forff*r Chairman) Mr M Pilchford IF08r ce Chaimian} Mr C M Ingram MrA Rumbles {Chaim8nl Mrs E R Fund•lkHolmes (Vic Chairman) Mr8 R Barton Mr K R Brotrt0Th Mr P MA Dawdson Se¢rètsry MTSA Stokes Ex Offlclo Th181908 The Headmaster of Haberdashers Ad8m8 Grammar School The Rector of Newport cou1 Representstbve Country of incorporation United Kingdom (England and Wales) 00325195 Charity v•glstrallon England and Wale5 215056 R•gl$tsrod offl 1 BTassey Road Old Potts Way Shrewsbury Shropshire SY3 7FA lfftdopgndgnt •xaminer Dyke Y1$y Llmiled 1 Brassey Road Old Potts Way Shrewsbury Shropshwe SY3 7FA Bankws Barclays Bank P 123 Ashdown Lang Town Cenire Telford Shropshire TF3 4AD Solicitors Clarkas solicito LLP Hazeldine House T&Word Centre Toword Shropshire TF3 4JL
THE BOUGHEY TRUST COMPANY LIMITED CONTENTS Page Truste05' report Independent exomT*f8 report Statement of financial adilIeS BalancA shaèt Notès to the finaw81 slatemenl$ 7-15
THE BOUGHEY TRUST COMPANY LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2025 The Trustees present their 8nnual ffjport and fin8naal statements for the yéar endÈd 31 December 2025. The ffin8ncial stslÈmenls have been prepared in accordan¢e with the accounb'ng policAes set oul in nol¢ 1 to tho financaal 818tements and mplY the Trusf s govemlng document, the Companies Act 20[ and 'Aecounting and Repoiting by Charrties.. Statemonl of Re¢ommended Practice appluble to charities preparing Ihttir a¢¢ounts a¢¢ordance with the Finanoal R9POrting Stsndard 8ppli¢able in the UK and Rgpubll¢ of Ireland {FRS 1021" (effective 1 January 20191. Sir Thomas BIJughey rfied on 30 AugU8t 19C6. By his will he left the Badey Mow In Newport. Shropshire lo Lady Annabel1& Bough•y on trust for her to establish a irust for promoting the heahhy and benefal occupation of tha inhabilanls of Newport 8ncl District. By a Trust Deed datèd 15 O¢tober 19C6, Lady Boughey established the Trust in accordan¢e with her late husband's 4wshes. In 1937 the Trust was in¢oTporated as a company bimKed by guarantee and it was subsequenlly approved by the Lord Chan¢gllor as a Twst Corporation •nabling it to Mold propety to other trusts and organisalions as custodian trustee. As the new choimian of The Boughèy Ttust Company Lirnited I have Ihe pleasure in presenting the latest end of year report on our pasl ygar of serving the MMUnity of Newport, Shrop$h1 as a charity. object1$ and •¢tivitl The objecl of the Boughey Trust Is to offer a high stsndard of rentabk accommodab'on lo the local ojmmunty and make investments lo generate further growth wfthin Ihe Trust 10 9nable us to offer the grants to the local community whilst thriving as a ¢ompany and maintaining th• w811are of the Tru$1 for fUlu growth for the people of Newpcrt and the Surrounding area8. The Trustee8 wll consider any grant applications m8d8 by Suitable organisalions and groups and aclively promote our awdilability lo apply for these grants. These are rowawed during our regular meetin9s and voted on once agreed they 8re eligible for the grant. Public bgnorrf The Trustees have paid due regard lo guid8nco issued by the Charty Commission in dec4ding what adivities the Trust should undertaka. Achl•v•n¢nts and perfonnance SignifiGant activilS and achi9M&t$ obigctives Within the year 2025, the Boughey Trust 9gn¢roted a lolal income of £73.333, after management and expenses of £52,115, il made grants of £7.550 lo various eligible groups and OTganisalions. The Boughey Trust has ¢aNiod out repairs on of ks major properties, telng.. Chetsvynd House arbj Longford Playgroup, totalling £12,616. th th8 ab(trve figuTe8 in mind the Boughey Trust made a profit of £13,668 with a fijrther £42.048 on po$11¢ revaluation on inveslments give an overall surplus of £55,715 al the end of the financial year. Flnan¢ll review R•s8Nos policy A substantial proportion of the Boughey Trust's reserves are r¢prosented by the assets of the Trust. Other than these asstrls, the Trust aim to retain 5uffieAent resèrves 8$ working capital lo manage the day-tothday affairs of the TrusL As 8131 Decernber 2025, the charty's levol of free re8eThes $tonds at £611,19512024.. £556,072). Free reserves are calculated as total unrestricted fijnds, exduding any unrestrirted funds Iled up In langlble fixed assets. The trustees consKler this $uffi¢ient lo Cover at least 12 months expenditure. The cakulation is a$ folbws.. T¢)tsl Unrestricted Funds.. £1,738.868 Less: Unrestricted Funds Invesied In Fixed Assets.. £11,127,673} Free Reserves.. È611.195
THE BOUGHEY TRUST COMPANY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Maioriysks The Trust hold annual reviews to look al the major risks to which we rnay be exposed loo and the poNcles. pracll¢ps and procedures in 9¢¢ to rnitigate those risks. 919 appropriate the Trust wlll lake out in5urarice$ to ¢ounter th risks and onty usa profassional compan$ lo manage our assets. Pl•n• for fuiurn parlods The Boughey Trust are looknng to le8$9 the Newport Tennis Courts lo Ihe Newport Tennis Club on a long lease, re¢urring basis which is ujrrenlty being administ8T•d by Paul Roberts of Clarkes Solicrtors. Lilleshal Youth Club 1$ T[gnIlY having the se drawn up and ronewed for the fthur8 use by knlleshall Youth Club. The Longford Playgrow) building had the new lease apreed and bging run as a sUeSS(U1 nur$8ry with Newr•Xt Hwjh Street. The Boughey Twsl are looking to sell the Chefvrynd House building in the future and need to er18ure that Ihe property is COfre¢tly Tegislered with Land Registy, the ¢urrgnl tenancy agreements are all up to date, the bjoyancy of1he housing Maet anil any other iiems that ne&J lo be put in plau, before a timeIè is agraed. SINctur• gov8man¢e and managemont The Trust is a company limrted by gu8r&rtee under number 325195 and a$ 8 Charity under the n#mo of Charity of Dame Sar8h Annabella Boughey. charity numbgr 215056. On 3 April 2025, Mr G Foster resignad as Chairman and Mr M Pitchford resigned a8 Vice Chaimian. On the 8ame dale, MrA Rumbles was appoinl$d as Chaiman and Mrs E R FundelkHolmes appointed as Vlce chaiMn. The Trustees, who aTe al$0 the directors tr the purpose of company law, and vtho served during the year and up to the dale of signaluie of the financial Statements we.. Mr G Foster IFormer Chaimianl Mr M Pitchford {Fom)er Vice Chaiman) Mr D Wassell Mr EA Davies Mrc M Ingram MrA Rumbles {Chairman) Mrs E R Funde1H01mtt$ (M¢¢ Chaimian} Mrs R Barton Mr K R Brolherton Mr P M A Davidson (Rosigned 19 June 20251 (Resigned 28 January 2026) Recruitm&nt arml apwlntment of tAusfg&s The Twstees are made up of local pttrsons with a wide range of kno%edge and wews and are appoinlfjd by the existing Twstegs and iThJucled into the role by tho chaiman. Any training that is necessary is provided by the Trust. None of the Trustee8 has any benefKial interest in tho MpanY. All of the Trustees a momb8rs of the mpanY and guarantee lo contribute £1 in the 8venl of a winding up. There are a number oftruslees that have b8en in pface for more Ihan 9 y¥ars.
THE BOUGHEY TRUST COMPANY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORTI (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Oryanffsafé1 struofv The principal assets of the Boughey Trust. comprise a portlolS0 of Investment and property- The irwestmenls are man8ged by Bardays Wealth wrth the properly leltings bging mana9ed by Davies. VW)ite & Perry and Temperton5 who are both Newport, Shropshire, High Street based Estatè Agonls. The day-tcday management of the Bough&y Trust 1$ undertaken by our sgcrgtsry and the Trustees. The Trusteès meet on a regular basis, within the Popln Centre Iwhi¢h is owned by the Trust) whe1$ we carry OLrt r¢vièw of the affairs and the finandal performance of thè Trust and run through any applications for grant application5 for their consid&rallon. within the loral community. Funds held as ¢u8todlan tru5ts• Thè inve5tmgnts and property hekl as assets of The Boughey Trust are held as ¢uslodian Iwslee on behall of the charity of Dam• Sarah Annabella Boughey. Small company exomptlon This report has been prepared in accordan( wllh the provisions appli¢able lo cornparies entitkd to th• Small companies •xomption. The Tru$lgBs' reportwas approved by the Board ofTruslees. MrA RumbFas (Chairman) TnHtee 2s.4.2L.
THE BOUGHEY TRUST COMPANY LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BOUGHEY TRUST COMPANY LIMITED I report to the Trustees on my examinalK)n of the financral $t8tem¢nts of The Boughey Trust Company Limited (the Trust) for the year ended 31 Decembor 2025. Responsibilitie8 and ba$ls of report As the Trustees of the Trust {and also its dlrectors for the pUoSeS of company law). you are responbla for the preparation ofthe finanoal slalemenls in accordan¢& with requirements ofthe Companies Act 2CK)6. Hawng satisfied mys811 that the fin8nca81 statemer4ts of the Trust are fKl rfjquired lo be audited under Part 16 of the Cofflpanies Ad 20 and are eligible for Indgwndent exarninab"on, l report In respect of rny examination of the Trust'5 finanThal stslemenl$ Carried out under se¢tion 145 of the Charrties Ad 2011. In carrying out my examination I have followed the Diredions given by Ihe Charity Commission under section 145{5llb> of the CharitiesAd 2011. Independent •x•mln•rfs statsm•nt I have Completed rny examination. I confimi that no malters have como to my attention in wnn•ction with the examination ging me (ause to believè Ihal in any material respe¢l'. a¢¢ounthng record5 were not kept in r$$pect of the Twsl as required by section 386 of the Companies A the financial statements do not accord with those records,. or Ihe financial stslements do not compty with the a¢eounting raquirements of seclkn 396 of the Compan$ Acl 26 other than any requirement that the financial slalements give a Iwe and fair view, which is not a matteT considered as part of an independent examination.. or thé financ4al staiements have not been prepared in a¢¢ordance with the methods and prinuple$ of the Slal•ment ol Rec4Jmmended Practice for accounting and reporling by charitiès applirAbl8 to charities preparing their finanaal statements in acLordance with the Financi81 Reporb'ng Standard appli¢abl• in the UK and Republi¢ of Iraland IFRS 1021. I have no concems and h8ve come aw$s no other matters in connection with the examination to vthich attenlic should be drawn in Ihis report in ordtrr lo ènable a proper understanding of the financial statements to be reached. A WLULGMI Audrey Wlliams FCCA vk• Yaxley Llmltèd 1 Brassey Road Old Potts Way Shrow$bury Shropshire SY3 7FA Date=...
THE BOUGHEY TRUST COMPANY LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025 Unrestricted EndovThnt fund funds 202S 202$ Totsl Unro¥trictod End0Vfflnt funds fvnd$ 2024 2024 Total 2025 2024 Incom• from: Invo51ments 73,333 73,333 73,667 73,687 Total In¢ome 73,333 73.333 73,6B7 73,887 Expendlbjre on: RaSsing funds chlIab actiwli$$ 52,115 7,550 $2.11S 7,550 84.093 9,305 64,093 Totsl expendltur• 59,MS 59,865 73,398 73.398 Nel gainsloosses) on investrnents 10 42,048 42,048 36,962 36,962 Net Income and mov•ment In lunds 55,716 55.716 37,251 37.251 Re¢onclllatlon of funth: Fund balar$ at 1 Janu¥ry 2025 1.6B3,152 25.000 1.708.152 I,645.1 25.000 1.670,901 Fund balances at 31 D¢¢¢mber 2025 1.738,868 25.IJOO 1.763.868 1.883.152 25.000 1,708,152 The statement of financAal activibes includes all gains aThJ kjsses recognised in the year. All income and expen¢Jture derive from continuing actiwlY4$.
THE BOUGHEY TRUST COMPANY LIMITED BALANCE SHEET AS AT31 DECEMBER 2025 202S 2024 Nirtg$ Fixéd •$•ets Tangible a$$ets Inva$tmonts 12 13 1.127.673 555,901 1,127.080 508.596 1,683,574 1.635,676 Current assets Debtors Cash al bank and in hand 44 5.235 79,892 4,960 72,348 85.127 77.306 Crndito¥s: amounts falllng due wlthin ono yoar 15 (4.8331 {4.830) N9¢ current assets 80,294 72,47 Total assets I Current Ilabllltks 1,763,868 1,708,152 Th• funds of thè Trust EndowTnent funds Unrestrided funds 16 17 25.000 1.738.868 1.683.152 1.763,868 1,708.152 The company 1$ gnliled to the exemption from the audit requ¥ement contained in $8dKJn 477 offv cOmpansAGt 2006, for the year ended 31 Oecember 2025. The dlredors acknowledge thr re$ponsibik'ties for complying with th• requirements of Ihe Companies Act 2[ wrfh respect lo accounting recofds and the preparat of financial slalem8nls. Thè members have not required the company lo obtain an audtt of ils financial 81aterllents for thg year in quesl¥)n In accordance with se¢*on 476. These finanu81 stslèments have been prepared In ?Ordar with the provisions ¥piCable to companies $(kni•ct to the small companies regim•. 23/04/g026 The financlal statemgnts w8re approved by Ihè Trustees on ......................... MT A Rumbles (Chainnanj Trustse
THE BOUGHEY TRUST COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accountlng pollel Charlty Infomiatlon The Boughey Trust Company Limited is a prNate company limtt¢d by guarantee incorporal8d in EnglaThJ and Wales. The registere<l offic8 is 1 Bra55ey Road. Old Potts Way, Shrewsbury. Shropshiie. SY3 7FA. The pla of busin• Ss 28 The Larche5, Newport, TF10 7SH. 1.1 B•¥i¥ of preparatlon The finanaal stslements have been prepared in ac¢ordan¢8 woih the Tnjsfs goveming dCMènt, the Companies Act 2006, FRS 102 'The Finanoal Reporting Standard applicable in the UK and RepuNic of Ireland. C'FRS 102? and the Charib8s SORP "Acts)unting and Reporbng by Charities.. Statement of Reended Praclice applicable to ¢haiities preparing their accLsunts in ac¢ord8n¢e wilh the FinancAal Rèporting Standard applicab19 in th& UK and Republic of Ireland {FRS 1021° leffective 1 January 2019}. The Tmst is a PublK Befft Entity as defined by FRS 102. The Trust has tsken advantsge of the pro$10nS in the SORP for ¢h81iiies not lo prepare a Statemenl of C•$h Flows. Thè financial stslernents are prepared In slerting, whleh is the functional eurren¢y of the Twst. Monetary amounts in these financial statements ar¢ rounded lo the nearest £. The finCial statèments have been prepared und8f the hlstodcal cost convention. The prinapal ¥¢¢ow)ling poliues adopt8d aro sel out below. 1.2 Golng ¢on¢•m At the tlme of approng the financial statem&nts, the Tru8tee8 have a rtss(fflat4e expectati that Ihe Tru81 has adequat¥ resources lo continu8 in operalional exislenco for the foreseeable futurg. Thus the Trustees continue lo adopt the going concem basis of ¥¢xounling in preparing the financial stateménts. 1.3 Charitabl• fund$ Unrestrict8d funds are av8ilabk for use at the disuglK)n of Ihe Trusteeg in fvrtherance of theif ¢h8ritablg objectives. Restricted funds are subject to spe¢ific condrtions by donors or grantors as lo how trY may be used. The purposes and uses of the restricted ndS are set out in the notes to the finanal slatem8nts. EThJowment funds arè subject to $pe¢thc ttjndilions by donors that the capital fflusl be maintained by the Twst. 1A kncome Income is rè¢ogftised when the Trust islggally enlTtted to it after any perfomian¢e ¢onditions have been rnel, th& amounts can be measLtred reliaNy. anil i( is probable that income will reeèivÈd. Cash donations 8re ts¢ognised on receipt. Other don81ion5 are Tecognised on¢a the Trust haB been notfi8d of the ()nalion, unless perfornianca condibons require dèferral of the amount. In¢orne tsx reVerable in relation to donalK)ns received under GiftAid or d•eds of covonant is recognised al th¢ Imt of the donatKJn, Lega¢ie$ are recognised on receipt or otherwis? rf the Trust has been notified of an iwending distribution. the amount 15 known, and r•¢eipl is xpected. If the arnount is not known, Ihg Iggacy is treated as a ntingent asset.
THE BOUGHEY TRUST COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 A¢countlng pollcies Icontlnuedl 1A Expendiiurn Expendit8 Is recognised once there is a legal or con51ructrve tsbligation lo transfer e¢onomlc benefit to a third party, it 18 prob8ble thal a transfer of economic benefits wil be required in sattlement, and the amount of the obligat¢cffl can be measured reliably. Expenditwè is classif*d by The Costs of 8a¢h aCtty arg mad9 up of thts totsl of dired costs and shared costs, including support costs ¥)volved in undertaking ead) aetivity- Direct costs attributable to a single activity are allocated directty lo that actswty. Shared Costs which contsibute to more than one 8cAivity and support costs whith arg not attributablè lo a single Activity are apportioned belweén those activities on a basis con$istgnl wth the use of resourcos. Central $t8ff ¢osts are allocated on the ba$1¥ of lirne spent, and depreciation charges are alh)cated on the portion of the 8ss8fs use. 1.6 Tanglblg fixgd assets Tangible fixe(f a55els are Initially rneasured at ¢o$t and subsequendy mtasur•d at cKJst or vabJal•)n. net of depr8ciatson and any impaiment losses. D¢preGiation is recognised so a$ to write off the ¢osl or valuation of assels1è8s thor reshlual values overtheir usefijl thves on the folbwbng bases.. F¢h¢Id land and bJilding5 Leasehold land and buildlngs Computers not depwiatèd not depwiated 33% straight line The gain or loss arfrslng on the di5PO8al ol an asset is determined as the difference been the sale prOdS and the carrying value of the asset, and is recogni$éd in the statement of fin3n¢ial activitS. Tangible fixed assets whlch are freehokl investment propgrties are Carrled at mathel value. based on indepandent profes8ion81 valuations. Their values ar? i•viw•d annually by the Tws199s. No depredatbon Is provided on investment properties. Leasehold properties are carried 81 cosl, which the trustees ¢onsider repTesents fail value. TY are maintained in 8 good stale of repair. stsch that their e51imalèd 131 valug is not less than eost and cy)nsequenlty tw are not dgprgciated. 1.7 Fixed aJBet inmtmgnts Fixed assèt investments are inklally measured at transaCtn pci¢8 exduding Iransadlon $1$, and are sub5equenlty mea$ured al fair value at each reporting date. Changes in fair value are re¢ognised in net Incomel{experKlitur81 for the year. Tr8ns8etion costs are expensed as incurred. Impairnlgnt offlxod a6sets Al each reportin9 end date, the TIu81 ¥¢views the carrying amounts of 11$ tangible assets lo dètemiine whether there is any indi¢alion that those assets have suffered an imp8im8nt Eoss. If any such Indty0n gxists, the recover8ble amounl of Ihe asset 15 eslimaled in order lo determine the extent of the impairmenl1055 lif any). 1.9 Cash and cash 04ulval•nts Cash and cash equivalents include ¢ash in hand, deposits hald at call wilh banks, olher short-term liquid investmènts wh original maturities of three months or leBs, Jnd bank overdrafts. Bank overdrafts are shown within borrowings in current liabililie5.
THE BOUGHEY TRUST COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Accounllng polklo$ IContlnu•dl 1.10 Flnan¢lal Instrnmonts The Trust has electad lo apply the provisions of Sedion 11 'Ba$i¢ Financial Instruments, and Sedon 12 'Other Financia Instruments Issues, of FRS 102 to all of ts finan¢lal Instruments. Finanryal Instnjments are re¢ogni$ed in the Trust'$ b818nce sheet when the Trust be¢ome$ party to the contractual prowsions of the in51rum8nl. Financlal assets and labilibes are offset. with the net amounts presented in financial statements. vthen there is a legalty enforceable right to set Off the recognised amounts and there IS 8n intention lo settle on a nel basis or to realise the assat and strtlle the liabilsty simultaneously. 1.11 Debtors Debtors are racognised at Ihe $otllomenl amount due after any d1$(1 offered. 1.12 Crgdllo Creditors are CogniSed whero the chaiity has a present obligotion re8ulling from a past event that iN probabty resdt in thè transfer of funds lo a third party and lh¥ amount due lo settle the obligation Can be measured or estimated relk7bly. Creditors and provisions aré nomally reco9nised al Iheir sattlèmènl amounL In¢om• from invBtffl•nts Unrestrlcted Unrestrl¢t fund$ funds 2026 2024 Rental incorne DidendS Intefest reNable 61,221 11.412 700 61,720 11.371 73.333 73,687 Expgndituv• on raislng tund8 Unr•strict•d Unr•strl¢t•d fund$ funds 2025 2024 Tr•ding costs Olhgr trading acthvitTe5 Support costs 38,610 7.351 51.21 7.011 45,961 58,217 Inve$trn•nt managèment 6,154 5.876 Totsl costs 52.115 64,093
THE BOUGHEY TRUST COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Exponditure on Ghalilab actSvltl•¥ Grant making 202S Grnnt maklng 2024 Direct ¢o•ts Grant fvtxling of aCtle3 {see note 51 7,550 9,305 Anatysls by fund Unreslr6¢ted fdS 7.550 9,305 Grants payable Grant making 2Q25 GTr¥rt making 2024 Grants to institutions= Church Aston Willage Hall First Responders Newport Carnival Longford Piaygroup St NiCS Church Bells Appeal The Cottage Care Hospital st Georges Day Forton Cri¢k*t Club NpOrt Cricket club Newport Youth Café Newport Royal Naval Association Club Nova FC Lilleshall Rainbows Newport Girts FC 1,OC 500 700 730 300 375 9.305 Support ¢08ts allo¢at•d to adlvhles 2025 2024 Depre¢a¥lion Accountancy bsile costs Sècretary fees Governance costs 35 2,664 392 3,000 1.260 2.400 411 3,000 1,200 7,351 7.011 Analysèd bÈlw••n: Fundraising 7,351 7,011 10-
THE BOUGHEY TRUST COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Ngt movement In funds 2025 2024 The nel movement in fvnd5 Is slated afier chargingllcrediting).. Fees payable for the independent examin8tion of the cJ)aty'$ financial Statements Depreciation of owned tangible red assets 1.200 35 Tvu¥t••$ None of th8 Twsl88s lor any p8rsons conn8ct8d with them) rec&N8d any remun8ration or ben•ffts from th& Trust during the year. No Trustees were lbUrse for any axpenses In¢urreil durfng the course of dullès as a Truste8. Employees Th alage monthty number of •mployee$ during tho year w4$.. 2025 Numbor 2024 Number Total There were no employees whos8 8nnu81 remunerat(on was more than £60.000. 10 1n and losges on inveJtmènts Unrestrictrd Unmtrictsd funds funds 2026 2024 Gainslllos5esl arising on.. Revaluallon of Investments Sale of invoslments 40,318 1,730 26,647 10,315 42,046 36.962 11 T•xatlo The charty i8 exempt from taxation on ts actiAties because al its income is appli8d chitabl8 purpos8s. 11
THE BOUGHEY TRUST COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 12 Tanglblg fix•rl as8•ts Fro8hold land and bvlldlng8 Leayehold Computors nd and bulldifiqg Total Cost At 1 January 2025 Addrfions Disposabs 1.090.000 37.080 7,127.S84 628 (4841 628 1484) At 31 December 2W25 1,090.OC 37,080 628 1.127,708 Depreciation and Inwalmi•DI At 1 January 2025 Depreciats'on tharged in the year Eliminated in respect of dispo$8ls 35 {484) 35 {4841 At 31 De¢&mber 2025 35 Corrylng amount At 31 December 2025 1,090,0 37,080 593 1.127,673 At 31 December 2024 1.090,(KXJ 37,080 1.127,080 Freehold Investment pr¢Jperties wore revalued in 2023 by independent tharter•d surveyors. Tempertons, on continuing use base. The historical cost is £34.540. Thg fraehold of the Guihlhal, Newport is Corned at £nil as ft 18 an Inafienable historical asset th81 produces no 13 Flxed asset Investments Listed inveJtments Cash in portfoli Tolal Cost or valu•llon At 1 January 2025 Additions valUatn changes Disposals 501,053 237,075 40.318 {227.291) 508.596 477,507 40.318 1470.520} 240,432 1243,2291 At 31 D$rember 2025 551,155 4,746 5S5.901 C8rylng amount At 31 December 2025 551.155 4,746 555.901 At 31 December 2024 501,053 7,543 508.596 12-
THE BOUGHEY TRUST COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2025 14 Debtors 2025 2024 Amounts falllng within on• y•ar: Prepayments and accruad irm9 5,235 4.960 15 Cr¢dltorn: amounts falling du• wlthln on• yr 2025 2024 Othèr ¢reditors Aeuuals and deferred income 1,0$3 3.780 1,230 3,600 4,833 4.830 16 Endovmientlunds Endowmenl funds repr¢sont a58ets whith must be held mnOn11Y by the Trust. Income arising on the endowment funds can be used in accordance wlh the obj80ts of the Trust and is inthded as unrestrided incom•. Any ¢8pital gains or losses arising on the assets fom part ofthe fund. At 1 January 2025 At31 D•¢•mbor 2025 Permanentendowm•nts 25.WO 25.000 Prevlous #1. At 1 J•nu•ry 2024 At31 Docembor 2024 Pernian•nt •ndowmgnts 25,000 25,000 13-
THE BOUGHEY TRUST COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 17 Unrn>tri¢t¢d funds Thg unrestricted fiJnd5 of the thaTity ¢ompri$a the unexpended balanees of donations and grants whl¢h a not subject to specific conditions by donors and grantors as to how they may be used. These irude de8ignaled funds whiGh have been sel aside out of unre$lri¢tod funds by the trustee5 for spguffic purposes. At l January 2025 Incomlng R•sourc•s ¥•sources expend•d Gains and At31 lossa December 2025 General funds Revaluallon reserve 627,192 1.055,960 73,333 {59.6651 42.1)48 682,908 1.055.960 Previous year. At 1 January 2024 Incoming Rosourc88 re$our¢es exp•nd•d Galns and At31 Doe•mb•r 2024 General fund5 Revaluation rese 589.941 1,055,960 73,687 (73,3981 36,962 627,192 1.055.960 18 An41$ of Mt a8$0ts between fund$ Unr•stricted Endowment funds funds 2025 2025 Total 202S At 31 D•c•mb•r 2025: Tangib assets Investm8nts CLKrenl assetslOiabilities> 1.127.673 555,901 55,294 1,127,673 555,9)1 80,294 25,OC 1.738.868 25.OC(J 1,763,868 Unrestricted Endowment fund$ funds 2024 2024 Total 2024 At J1 D¢cembor 2024: Tangibl8 assets Investm8nts Current assetslOiabilitie$l 1,127.080 508.596 47,476 1,127,080 508,596 72.476 25.000 1,683,152 25,1]1]o 1,708,152 19 Relatsd party tran•a¢tion8 14-
THE BOUGHEY TRUST COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 19 Relat party trartsactlons (Continued) The Trust madg payments lo KRM Conlraclors Llmlled, a company in whl¢h trustee Mr A Rumbles is directcf 8nd shareholder, for various rep8ir$ #nd improvemanls at properties owned by the tharity lolaling £14,74012D24: £30.873). We no amounts ouislanding 81 the ye81 end12024.' £niD. The Tst paid £981 12024.. £7851 to Newport Literary Inslitule, an organisation of whth former Iruslee. Mr E Davies. Is a member. Al the year end £1,05312024.. £981} remained outstanding to the irtstilule. 15-