THE TILLOTSON BRADBERY CHARITABLE TRUST Registered Charity Number: 222386
ANNUAL REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025
DRAFT
Rathbones Trust Company Limited
Tillotson Bradbery Charitable Trust
Annual Report and Unaudited Accounts for the year ended 5 April 2025
Index
| Page | |
|---|---|
| 1-4 | Trustees' Annual Report |
| 5 | Independent Examiner's Report |
| 6 | Statement of Financial Activities |
| 7 | Balance Sheet |
| 8-16 | Notes to the Accounts |
Tillotson Bradbery Charitable Trust
Annual Report and Unaudited Accounts for the year ended 5 April 2025
Trustees' Annual Report
The Trustees have pleasure in submitting their Annual Report and Financial Statements for the year ended 5 April 2025.
Objectives and Activities of the Charity
The Tillotson Bradbery Charitable Trust is governed by a Settlement Deed dated 25 June 1954.
The G L Tillotson Charitable Trust was established primarily for the benefit of boys clubs and scout movement to encourage disadvantaged youngsters to seek activities that would enable them to meet other young people with similar experiences.
The Alice Bradbery Charitable Trust was established primarily for the benefit of disadvantaged young women and girls by way of making grants similar to the guide movement and helping them further their education.
Following the merging of the above Trusts, the present Trustees have retained the above objectives but do have powers under the original deeds to make wider range donations for the relief of poverty, education, religious or otherwise in the United Kingdom or elsewhere. To fulfil their objectives for the public benefit the Trustees make grants from income, net of expenses each year. The Trustees' income is generated by its investments. Fundraising activities are not normally carried out.
The Trustees hold Unrestricted Funds and so all funds are available to meet the Charity's objectives.
The Trustees have complied with s17(5) of Charities Act 2011 and have had due regard to the guidance issued on Public Benefit by the Charity Commission when exercising relevant powers or duties.
Achievements and Performance
During the year the Trustees made a number of donations totalling £21,462 (£0 in 2024). The charity continued to further its charitable purposes by making grants to eligible organisations across Merseyside with focus on projects supporting children and young people, disability and health and social welfare.
Financial Review
Review of the Activities of the Charity:
Income from investments and interest received totalled £26,092 (£22,013 in 2024) with £4,988 (£4,786 in 2024) being spent to raise the funds in the form of investment management fees only. As detailed in the notes to the accounts, £25,134 (£2,844 in 2024) was spent on charitable activities, including and governance costs.
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Tillotson Bradbery Charitable Trust
Annual Report and Unaudited Accounts for the year ended 5 April 2025
Trustees' Annual Report
The SOFA includes the net gains and losses arising on revaluations and disposals throughout the year. For the year ended 5 April 2025, recognised losses totalled £2,752 (gains of £60,084 in 2024).
There was a net decrease in funds of £6,782 during the year (net increase of £74,467 in 2024), resulting in the Trustees holding a total of £854,603 as at 5 April 2025, compared with £861,385 held as at 5 April 2024. Of this amount, Unrestricted Funds of Income at the financial year-end totalled £20,127 (£19,169 in 2024) and Expendable Endowment capital totalled £842,216 (£842,216 in 2024).
Investments:
The Charity's capital is largely invested on the stock market. The value of the Trust's portfolio as at 5 April 2025 totalled £818,426, a decrease from £822,638 as at 5 April 2024. The Trustees have reviewed the position and are satisfied with the performance.
Investment Policies:
As there are no specific restrictions of investment powers under the governing deed, the Trustees have full discretion over the investments. The Trustees have delegated Rathbones Investment Management to have full discretionary day to day control of the investments. In accordance with the Trustee Act 2000 as this duty has been delegated, the Trustees are aware of the requirements to establish a Trustee Policy Statement.
Assets have been acquired and disposed of in accordance with the powers available to the Trustees.
Risk Assessment:
The Charity Trustees have given consideration to the major risks to which the charity is exposed and are satisfied that systems or procedures have been established in order to manage those risks. After considering the areas of governance, operation, finance, environmental and compliance the Trustees have identified that major negative fluctuations in investment assets could cause a material risk to the Charity's funds. In order to mitigate this risk and in accordance with s15 Trustee Act 2000 the Trustees have established a Policy Statement to be adhered to by the Investment Manager, which is reviewed at least once a year in line with investment performance.
The Trustees are satisfied that the charity's assets are available and adequate to fulfil its current objectives which will continue for the foreseeable future.
Structure, governance and management
The G L Tillotson and Alice Bradbery Charity were merged to create the Tillotson Bradbery Charitable Trust, as detailed in these Accounts. Its governing body are the Board of Trustees. Power to appoint new Trustees is vested in the then current Trustees, who should not fall below three in number.
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Tillotson Bradbery Charitable Trust
Annual Report and Unaudited Accounts for the year ended 5 April 2025
Trustees' Annual Report
New Trustees are elected due to their expertise and what they can bring to the Charity. Procedures have not been adopted for the induction and training of new Trustees but all ensure that they are aware of their duties and continue to operate within current guidelines by discussing all issues arising as advised by the Charity Commission and Rathbones Trust Company Limited during their meetings.
The Trustees meet in April each year to review performance and any other matters arising. All Trustees are expected to attend the meetings and play an active role in the administration of the Trust. All meetings are minuted.
Requests for funding are collated by the Administrator of the Charity and presented to the Trustees for their consideration. When agreed by a quorum of Trustees, the administrator arranges for the donations to be made.
Reference and administrative details of the Charity, its Trustees and Advisors
Other names the
charity is known by: G L Tillotson Charitable Trust
Registered No: 222386
Principal Office: c/o Rathbones Trust Co Ltd, Port of Liverpool Building, Pier Head, Liverpool, L3 1NW
Trustees who Kirstine Gillian Tillotson Home (Chair) served during the Susanne Tillotson-Schroder year: Rachel Tillotson Administrator: Liese Van Alwon
Accounts and Tax: Rathbones Trust Co Ltd, Port of Liverpool Building, Pier Head, Liverpool, L3 1NW
Independent Kerry Roberts, C/o Port of Liverpool Building, Pier Head, Liverpool L3 1NW Examiner: Investment Rathbones Investment Management Ltd, Port of Liverpool Building, Pier Head, Manager: Liverpool, L3 1NW Bankers: Rathbones Investment Management Ltd, Port of Liverpool Building, Pier Head, Liverpool, L3 1NW
Plans for the future
To continue to seek out innovative projects, with a particular focus on young people in Merseyside, which tackle disadvantage by fostering personal development and the ability of people to help themselves or be supported to improve their lives.
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Tillotson Bradbery Charitable Trust
Annual Report and Unaudited Accounts for the year ended 5 April 2025
Trustees' Annual Report
Statement of Trustees' responsibilities for the annual accounts
The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year that give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.
In preparing these financial statements, the Trustees are required to:
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select suitable accounting polices and then apply them consistently;
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observe the methods and principles set out in the Charities SORP (FRS 102), as updated;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees have assessed the charity’s ability to continue as a going concern and considered any material uncertainties that may impact this assessment.
The Trustees are responsible for:
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keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the charity;
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ensuring compliance with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008, and the provisions of the Trust Deed;
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safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities;
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maintaining appropriate systems of internal control and risk management; and
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ensuring that digital records and electronic filings comply with statutory requirements.
Declaration
The Trustees confirm that they have approved the Trustees’ Report and the financial statements above and are satisfied that the charity has adequate assets available to fulfil its obligations and that the accounts comply with current statutory requirements
Signed on behalf of the Board of Trustees:
Kirstine Gillian Tillotson Home
Chairman
Date
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Tillotson Bradbery Charitable Trust
Annual Report and Unaudited Accounts for the year ended 5 April 2025
Independent Examiner's Report
Independent examiner's report to the Trustees of the Tillotson Bradbery Charitable Trust (222386)
I report to the Trustees on my examination of the accounts of the above charity ("the Trust") for the year ended 5 April 2025, which are set out on pages 6 to 16.
Responsibilities of the Trustees and Independent Examiner
As the charity's Trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act"). You consider that an audit is not required under s144 of the Act and that an independent examination is needed.
I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. It is my responsibility to state whether particular matters have come to my attention.
Basis of Independent Examiner's Report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair' view. The report is limited to those matters set out in the statement below.
Independent Examiner's statement
I am a member of an approved body subject to the provisions of the Revised Ethical Standard 2024 issued by the Financial Reporting Council (FRC). Rathbones Trust Company has provided bookkeeping services in accordance with the terms of engagement signed by the Trustees and I do not report to the bookkeeper in any respect. I give due consideration to the FRC's Revised Ethical Standard 2024 at all times.
I have completed my examination and confirm that no matters have come to my attention which give me
cause to believe that in any material respect:
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the accounting records were not kept in accordance with section 130 of the Charities Act, or
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the accounts did not accord with the accounting records, or
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the accounts did not comply with applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of independent examination.
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 for a proper understanding of the accounts to be reached.
Kerry Roberts TEP FMAAT MCSI C/o Port of Liverpool Building, Pier Head, Liverpool
Date
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Tillotson Bradbery Charitable Trust
Annual Report and Unaudited Accounts for the year ended 5 April 2025
Statement of Financial Activities
----- Start of picture text -----
Unrestricted Expendable
Notes Income Endowment Total Total
Funds Funds Funds Funds
2025 2025 2025 2024
£ £ £ £
Income and Endowments from:
Investments 4 25,395 0 25,395 21,088
Other income 5 697 0 697 925
Total Income 26,092 0 26,092 22,013
Expenditure on:
Raising funds 6 0 4,988 4,988 4,786
Charitable activities 7 25,134 0 25,134 2,844
Total Expenditure 25,134 4,988 30,122 7,630
Net (losses)/gains on investments 11 0 (2,752) (2,752) 60,084
Net Movement in Funds 958 (7,740) (6,782) 74,467
Reconciliation of funds
Balance brought forward at 6 April 2024 19,169 842,216 861,385 786,918
Balance carried forward at 5 April 2025 20,127 834,476 854,603 861,385
----- End of picture text -----
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Tillotson Bradbery Charitable Trust
Annual Report and Unaudited Accounts for the year ended 5 April 2025
Balance Sheet
| Notes Fixed Assets Investments at Market Value 11 Total Fixed Assets Current Assets Debtors 12 Cash at bank 13 LESS: Current Liabilities Creditors: amounts falling due within one year 14 Net Current Assets/(Liabilities) Total Net Assets at 5 April 2025 Total Funds at 5 April 2025 |
Unrestricted Expendable Income Endowment Total Funds Funds Funds 2025 2025 2025 £ £ £ 0 818,426 818,426 0 818,426 818,426 1,064 0 1,064 25,324 16,050 41,374 26,388 16,050 42,438 6,261 0 6,261 20,127 16,050 36,177 20,127 834,476 854,603 20,127 834,476 854,603 |
Total Funds 2024 £ 822,638 822,638 1,673 41,647 43,320 4,573 38,747 861,385 861,385 |
|---|---|---|
Approved by the Board of Trustees and signed on its behalf by:
| Kirstine Gillian Tillotson Home | Date |
|---|---|
| Chairman |
The notes on pages 8 to 16 form part of these accounts.
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Tillotson Bradbery Charitable Trust
Annual Report and Unaudited Accounts for the year ended 5 April 2025
Notes to the Accounts
1 Charity Information
The Tillotson Bradbery Charitable Trust is governed by a Settlement Deed dated 25 June 1954 and registered in England and Wales. The principal address c/o Rathbones Trust Co Ltd, Port of Liverpool Building, Pier Head, Liverpool, L3 1NW.
2 Accounting Policies
These accounts have been prepared on an accruals basis and going concern basis, and in accordance with the accounting policies set out in this note. The accounts comply with the charity's governing document, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (second edition October 2019) (the Charities SORP) and UK Generally Accepted Accounting Practice.
The charity is a Public Benefit Entity as defined by FRS 102.
The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared on the historical cost convention, modified to include the revaluation of investments at fair value, unless otherwise stated in the relevant policy note. The principal accounting policies adopted are set out below.
The charity has taken advantage of the provisions in the SORP for Charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
Going Concern
At the time of approving the accounts, the Trustees have assessed whether there are any material uncertainties casting doubt as to whether the charity will continue as a going concern. The Trustees have concluded they have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the Trustees continue to adopt the 'going concern' basis of accounting in preparing the accounts.
Charitable Funds
Unrestricted funds are available for use at the discretion of the charity in furtherance of their charitable objectives unless the funds have been designated for other purposes.
Unrestricted Funds of capital have been classified as Expendable Endowment Funds in these accounts.
The charity holds Endowment Funds which are expendable and primarily for income generation. Monies are invested by the trustees into shareholdings. The Expendable Endowment fund increases or decreases in line with the investment valuation. Transfers from the Endowment fund to Unrestricted fund are made at the Trustees' discretion.
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Tillotson Bradbery Charitable Trust
Annual Report and Unaudited Accounts for the year ended 5 April 2025
Notes to the Accounts
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, 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 once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income Tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of a declaration is received by the donor.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
All dividend income is recorded net and includes tax deducted only when it is repayable to the Charity.
Expenditure
Expenditure is recognised when paid or when there is a legal or constructive obligation for which it is more likely than not that a transfer of economic benefit will be required in settlement and the amount can be reliably measured as at the reporting date. A constructive obligation exists where the charity has communicated the commitment to provide particular goods, services or funding to the recipient by the reporting date and there are no conditions attached to its payment falling due after the reporting date.
Provisions for liabilities must be recognised when either the timing or the amount of future expenditure required to settle the obligation is uncertain. These are distinguished separately on the balance sheet. If a transfer of resources in no longer required, provisions are reversed and charged to the SoFA.
Governance costs consist of those costs associated with the overall running of the charity and meeting with
statutory and regulatory requirements.
Grants are included in the financial statements when approved by the Trustees and notified to recipients. The value of committed grants unpaid at the year end is accrued. Grants offered that are subject to conditions that have not been met at the year end are noted as a commitment but not accrued as expenditure.
Investments
Investments held in the fund are included at their market value as follows:
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(a) Listed securities are valued at the mid market value ruling at the balance sheet date.
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(b) Listed securities held in foreign currencies have been valued at the mid market value and translated into their sterling equivalents at the rates ruling at the balance sheet date.
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(c) Gilts are valued at the mid market value ruling at the Balance Sheet date and include interest that has accrued up to that date.
Investments are classified as a fixed asset except and only classified as a current asset where the intention of the trustees is to dispose of the asset and not reinvest the proceeds.
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Tillotson Bradbery Charitable Trust
Annual Report and Unaudited Accounts for the year ended 5 April 2025
Notes to the Accounts
Other recognised Gains and Losses
Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost and are charged or credited to the Statement Of Financial Activities in the year of disposal.
Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities resulting from revaluing investments to market value at the Balance Sheet date.
Taxation
The charity is not liable to income or capital gains tax on its charitable activities. Irrecoverable VAT is included in the asset cost or the expense to which it relates.
Cash and cash equivalents
Cash at bank and in hand is held to meet short-term cash commitments as they fall due rather than for investment purposes. Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Financial Instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity’s balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at present value of the future receipts discounted at a market rate of interest. Financial assets classed as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
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Tillotson Bradbery Charitable Trust
Annual Report and Unaudited Accounts for the year ended 5 April 2025
Notes to the Accounts
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
3 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
| 4 Investment income UK Equities Unit Trust Income Unit Trust Interest Fixed Interest Overseas Income Overseas Interest Foreign Withholding tax Accrued Income 5 Other income Bank Interest 6 Raising funds Rathbones Investment Management fees |
2025 £ 8,538 531 959 7,281 5,803 4,428 (509) (1,636) 25,395 2025 £ 697 697 2025 £ 4,988 4,988 |
2024 £ 10,117 583 0 2,463 6,006 2,692 (535) (238) 21,088 2024 £ 925 925 2024 £ 4,786 4,786 |
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Tillotson Bradbery Charitable Trust
Annual Report and Unaudited Accounts for the year ended 5 April 2025
Notes to the Accounts
| 7 Charitable Activities Analysis: Children and Young People Health and Social Welfare Disability Total Grants Grants awarded to Institutions: Happy Days The Girls Network Stride 2020 CIC Children's Adventure Farm Starr in the Community CIO Stick 'n' Step Team Oasis Break the Mould Foundation Tall Ships Youth Trust St Paul's Church, Litherland Crackerjacks The Church of St Hilda's, Hunts Cross Reset Wirral Total Grants Governance Costs (note 8) Support Costs (note 9) Total Charitable Activities 8 Governance costs Accountancy, tax and compliance fee Independent Examination fee Trustees' expenses (note 10) |
2025 £ 11,538 5,712 4,212 21,462 2025 £ 2,000 1,500 3,238 1,400 1,492 620 1,400 1,000 1,000 2,312 2,100 1,000 2,400 21,462 3,051 621 25,134 2025 £ 1,962 960 129 3,051 |
2024 £ 0 0 0 0 2024 £ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2,054 790 2,844 2024 £ 1,910 0 144 2,054 |
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Tillotson Bradbery Charitable Trust
Annual Report and Unaudited Accounts for the year ended 5 April 2025
Notes to the Accounts
| 9 Support costs Administrator's fees |
2025 £ 621 621 |
2024 £ 790 790 |
|---|---|---|
10 Details of certain expenditure
No amounts were paid to the trustees in remuneration during the year ended 5 April 2025 or year ended 5 April 2024. The following amounts were reimbursed in respect of out-of-pocket expenses:
| Trustee Travel Expenses R Tillotson K Tillotson Home S Tillotson-Schroder 11 Investments Bonds Overseas Equity Commodities Actively Manaed Strategies |
2025 2024 £ £ 117 144 6 0 6 0 129 144 Value at Realised Sales Purchases 06/04/2024 Gain/(Loss) proceeds at cost Unrealised Value at Gain/Loss 05/04/2025 137,742 104,915 (2,101) (140) (23,000) 217,416 324,463 128,622 (190,266) 12,825 (18,438) 257,206 274,953 72,005 (72,380) 5,777 (8,148) 272,207 46,579 0 (142) (21,356) 31,780 6,699 38,901 39,817 916 0 0 0 822,638 305,542 (307,002) 18,320 (21,072) 818,426 |
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Investments representing more than 5% of the total Portfolio -
| Holding | Units | Market Value | % |
|---|---|---|---|
| UK Government Bonds 29/01/2038 | 125,000 | 114,163.00 | 13.96% |
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Tillotson Bradbery Charitable Trust
Annual Report and Unaudited Accounts for the year ended 5 April 2025
Notes to the Accounts
| 12 Debtor Investment Income receivable 13 Cash at bank and in hand Cash 14 Creditors and accruals Rathbones Trust Company Rathbones Trust Company - prior year Administrator's fee Administrator's fee - prior year |
2025 £ 1,064 1,064 2025 £ 41,374 41,374 2025 £ 2,940 1,910 697 714 6,261 |
2024 £ 1,673 1,673 2024 £ 41,647 41,647 2024 £ 1,910 1,873 790 790 4,573 |
|---|---|---|
15 Contingent Liabilities
The Trustees have approved two multi-year grant commitments to other charitable organisations. These grants are subject to annual review and are contingent upon the receipt of a satisfactory annual report from each recipient charity. The charity is not contractually obliged to provide funding beyond the current financial year and future grant payments will only be released once the Trustees have confirmed that the conditions for continued support have been met. As these commitments are dependent on the performance and reporting of the recipient organisations, they are disclosed as contingent liabilities rather than recognised as liabilities in the financial statements.
| Stride 2020 CIC St Hilda's Church, Hunts Cross |
2026 £ 2,238 1,000 3,238 |
2027 £ 0 1,000 1,000 |
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Tillotson Bradbery Charitable Trust
Annual Report and Unaudited Accounts for the year ended 5 April 2025
Notes to the Accounts
16 Related Party Transactions
Charitable organisations of which the Trustees of this charity have an interest in are always properly declared and acknowledged during determination of applications. If such a situation arises, the trustee with the related party interest does not participate in the decision making process other than to clarify facts.
There are no related party transactions during this or the previous financial year that require disclosure, other than as reported in the Notes above.
| 17 Financial Instruments Carrying amount of financial assets Debt instruments receivable within one year - Debtor - Cash Carrying amount of financial liabilities Payable within one year - Creditors Instruments measured at fair value through SOFA Investments at value |
2025 £ 1,064 41,374 42,438 6,261 818,426 |
2024 £ 1,673 41,647 43,320 4,573 822,638 |
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Tillotson Bradbery Charitable Trust
Annual Report and Unaudited Accounts for the year ended 5 April 2025
Notes to the Accounts
| 18 Comparative Statement of Financial Activities Income from: Investments Other Income Total Income Expenditure on: Raising funds Charitable activities Total Expenditure Net gains / (losses) on investments Net Movement in Funds Balance brought forward at 6 April 2023 Balance carried forward at 5 April 2024 |
Unrestricted Expendable Income Endowment Total Funds Funds Funds 2024 2024 2024 £ £ £ 21,088 0 21,088 925 0 925 22,013 0 22,013 0 4,786 4,786 2,844 0 2,844 2,844 4,786 7,630 0 60,084 60,084 19,169 55,298 74,467 0 786,918 786,918 19,169 842,216 861,385 |
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