Kerry Gallagher
27/11/25
| Note | Total | Total | |||||
|---|---|---|---|---|---|---|---|
| Restricted | Unrestricted | Funds | Restricted | Unrestricted | Funds | ||
| Funds | Funds | 2025 | Funds | Funds | 2024 | ||
| £ | £ | £ | £ | £ | £ | ||
| INCOMEFROM: | |||||||
| Investments | 3 | 14,562 | 30,243 | 44,805 | 13,640 | 28,328 | 41,968 |
| TOTALINCOME | 14,562 | 30,243 | 44,805 | 13,640 | 28,328 | 41,968 | |
| EXPENDITUREON: | |||||||
| Brokers'charges | (3,509) | (7,288) | (10,797) | (3,273) | (6,799) | (10,072) | |
| Charitableactivities | 4 | (11,617) | (29,304) | (40,921) | (11,218) | (23,362) | (34,580) |
| TOTALEXPENDITURE | (15,126) | (36,592) | (51,718) | (14,491) | (30,161) | (44,652) | |
| NET(EXPENDITURE)BEFORE GAINS/(LOSSES) |
(564) | (6,349) | (6,913) | (851) | (1,833) | (2,648) | |
| Net(losses)/gainson investments |
5 | (6,802) | (14,128) | (20,930) | 39,315 | 81,488 | 120,803 |
| NET(EXPENDITURE)/INCOME | (7,366) | (20,477) | (27,843) | 38,464 | 79,655 | 118,119 | |
| ANDNETMOVEMENT | IN | ||||||
| FUNDS | |||||||
| Totalfundsbroughtforward | 324,950 | 1,254,340 | 1,579,290 | 286,486 | 1,174,685 | 1,461,171 | |
| Totalfundscarriedforward | 317,584 | 1,233,863 | 1,551,447 | 324,950 | 1,254,340 | 1,579,290 |
| THEFREDTOWLERCHARITYTRUST UNAUDITEDBALANCESHEET ASAT5APRIL2025 CharityNumber:225026 |
|||
|---|---|---|---|
| Total | Total | ||
| Note | 2025 | 2024 | |
| £ | £ | ||
| FIXEDASSETS | |||
| Investments | 5 | 1,481,475 | 1,513,258 |
| CURRENTASSETS | |||
| Debtors | 6 | ||
| 4,367 | |||
| Cashatbank | 76,405 | 75,052 | |
| 80,772 | 75,052 | ||
| CREDITORS:AMOUNTSFALLINGDUEWITHINONE | |||
| YEAR | 7 | (10,800) | (9,020) |
| NETCURRENTASSETS | 69,972 | 66,032 | |
| NETASSETS | 1,551,447 | 1,579,290 | |
| FUNDS | |||
| Restricted | 9 | 317,584 | 324,950 |
| Unrestricted | 9 | 1,233,863 | 1,254,340 |
| 1,551,447 | 1,579,290 |
| TMENTINCOME | ||||||
|---|---|---|---|---|---|---|
| Total | Total | |||||
| Restricted | Unrestricted | Funds | Restricted | Unrestricted | Funds | |
| Funds | Funds | 2025 | Funds | Funds | 2024 | |
| £ | £ | £ | £ | £ | £ | |
| Dividendsreceived | 14,506 | 30,128 | 44,634 | 13,565 | 28,173 | 41,738 |
| Fixedinterest | 56 | 115 | 171 | 75 | 155 | 230 |
| 14,562 | 30,243 | 44,805 | 13,640 | 28,328 | 41,968 |
| TABLEACTIVITIES | ||||||
|---|---|---|---|---|---|---|
| Total | Total | |||||
| Restricted | Unrestricted | Funds | Restricted | Unrestricted | Funds | |
| Funds | Funds | 2025 | Funds | Funds | 2024 | |
| £ | £ | £ | £ | £ | £ | |
| (a)Provisionof | ||||||
| CharitableServices | ||||||
| Generalgrants(note12) | 20,650 | 20,650 | 18,925 | 18,925 | ||
| Holidaygrants(note13) | 7,450 | 7,450 | 9,000 | 9,000 | ||
| 7,450 | 20,650 | 28,100 | 9,000 | 18,925 | 27,925 | |
| (b)Governancecosts Accountancy |
4,167 | 8,653 | 12,820 | 2,218 | 4,437 | 6,655 |
| 4,167 | 8,653 | 12,820 | 2,218 | 4,437 | 6,655 | |
| Total | 11,617 | 29,303 | 40,920 | 11,218 | 23,362 | 34,580 |
THE FRED TOWLER CHARITY TRUST NOTES TO FINANCIAL STATEMENTS AS AT 5 APRIL 2025
5. INVESTMENTS
----- Start of picture text -----
||||
|---|---|---|
|Note|2025|2024|
|£|£|
|UK quoted investments at market value|
|Market value at 6 April|1,506,147|1,401,142|
|Acquisitions at cost|176,389|197,161|
|Disposals at carrying value|(187,913)|(212,959)|
|Gains/(losses) on investments|(20,930)|120,803|
|──────|──────|
|1,473,693|1,506,147|
|Cash awaiting investment|7,782|7,111|
|──────|──────|
|Market value at 5 April|1,481,475|1,513,258|
|═════|══════|
|Investments comprise:|
|Equities|1,118,908|1,174,371|
|Fixed interest securities|354,785|331,776|
|Cash awaiting investment|7,782|7,111|
|──────|──────|
|Market value at 5 April|1,481,475|1,513,258|
|══════|══════|
|Historical Cost at 5 April|1,380,579|1,377,298|
|══════|══════|
----- End of picture text -----
All investments are carried at their fair value. Investments in equities and fixed interest securities are all traded in quoted public markets, primarily the London Stock Exchange. Holdings in common investment funds are at the bid price. The basis of fair value for quoted investments is equivalent to the market value, using the bid price. Asset sales and purchases are recognised at the date of trade at cost.
The following investment represents more than 5% of the net assets of the trust at 5 April 2025:
----- Start of picture text -----
||||
|---|---|---|
|Market|
|Value|
|£|%|
|Blackrock Collective Investment Funds|147,914|9.98|
|══════|══════|
|DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|
|2025|2024|
|£|£|
|Prepayments and accrued income|4,367|-|
|Total|4,367|-|
----- End of picture text -----
- DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
10
THE FRED TOWLER CHARITY TRUST NOTES TO FINANCIAL STATEMENTS AS AT 5 APRIL 2025
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|2025|2024|
|£|£|
|Other Creditors|600|-|
|Accruals|10,200|9,020|
|──────|──────|
|Total|10,800|9,020|
|══════|══════|
|8.|FINANCIAL INSTRUMENTS|
|2025|2024|
|£|£|
|Carrying amount of financial assets|
|Instruments measured at fair value through profit|
|or loss|1,481,475|1,513,258|
|──────|──────|
|Total|1,481,475|1,513,258|
|══════|══════|
|9.|FUNDS|
|Restricted funds, total donations and other income given for specific purposes.|
|Balance|Income|Expenditure|Gains/(losses)|Balance|
|at 06/04/24|on Investments|at 05/04/25|
|£|£|£|£|£|
|Holiday Fund - restricted|324,950|14,562|(15,126)|(6,802)|317,584|
|General Fund - unrestricted|1,254,340|30,243|(36,592)|(14,128)|1,233,863|
|────────|──────|──────|──────|────────|
|Total|1,579,290|44,805|(51,718)|(20,930)|1,551,447|
|════════|══════|══════|══════|════════|
|Balance|Income|Expenditure|Gains/(losses)|Balance|
|at 06/04/23|on Investments|at 05/04/24|
|£|£|£|£|£|
|Holiday Fund - restricted|286,486|13,640|(14,491)|39,315|324,950|
|General Fund - unrestricted|1,174,685|28,328|(30,161)|81,488|1,254,340|
|────────|──────|──────|──────|────────|
|Total|1,461,171|41,968|(44,652)|120,803|1,579,290|
|════════|══════|══════|══════|════════|
----- End of picture text -----
The holiday fund is a restricted fund used to make donations to other charities which provide holidays to deserving people.
11
THE FRED TOWLER CHARITY TRUST NOTES TO FINANCIAL STATEMENTS AS AT 5 APRIL 2025
10. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Restricted Fund Unrestricted Fund Total 2025 Total 2024 £ £ £ £ |
|---|
| Investments Equity 363,645 755,263 1,118,908 1,174,371 |
| Fixed Interest 115,305 239,480 354,785 331,776 |
| Un-invested Cash 2,529 5,253 7,782 7,111 |
| Cash at bank (161,805) 238,210 76,405 75,052 |
| Debtors 1,419 2,948 4,367 - |
| Creditors (3,510) (7,290) (10,800) (9,020) |
──────────────────────────── |
| Net assets as at 5 April 317,583 1,233,864 1,551,447 1,579,290 |
════════════════════════════ |
| Restricted Unrestricted Total Total |
| Fund Fund 2024 2023 |
| £ £ £ £ |
| Investments Equity 381,670 792,701 1,174,371 1,110,718 |
| Fixed Interest 107,827 223,949 331,776 272,230 |
| Un-invested Cash 5,310 1,801 7,111 18,194 |
| Cash at bank (166,927) 241,979 75,052 62,394 |
| Creditors (2,930) (6,090) (9,020) (2,365) |
────────────────────────── |
| Net assets as at 5 April 324,950 1,254,340 1,579,290 1,461,171 |
════════════════════════ |
The cash at bank represents a current accounts held by the charity. The split is based on the cumulative income and expenditure received or paid out via the bank relating to the different funds.
11. RELATED PARTIES
None of the trustees, who are considered key management personnel, received any remuneration or any other benefits from the charity during the year (2024: none).
There were no employees during the period.
12
THE FRED TOWLER CHARITY TRUST NOTES TO FINANCIAL STATEMENTS AS AT 5 APRIL 2025
12. GENERAL GRANTS PAID
----- Start of picture text -----
||||
|---|---|---|
|2025|2024|
|£|£|
|Aire Valley District Scout Council|-|500|
|Bingley Scout Group|700|-|
|Bradford Court Chaplaincy|1,000|2,000|
|Bradford Sea Cadets|-|500|
|Bradford Tradesmen’s Homes|4,300|4,000|
|Bradford South Scout Group|4,500|3,350|
|British Epilepsy Association|400|-|
|-|
|Dyspraxia Foundation|(500)|
|The Light Church of Bradford|-|2,000|
|Carers’ Resource|-|-|
|Children’s Charity Circle|1,500|1,500|
|-|
|Clayton Community Association|1,600|
|-|
|Clothing Solutions for Disabled People|2,000|
|Epilepsy Action|400|800|
|Listening Books|2,000|750|
|Police Community Clubs Bradford|500|2,000|
|Rotary Club of Bradford Blaze|550|1,525|
|Trust|
|Yorkshire Cricket Club Youth Trust|1,700|-|
|─────|─────|
|20,650|18,925|
|═════|═════|
|13.|GRANTS RELATING TO HOLIDAYS|
|2025|2024|
|£|£|
|Carer’s Resource|-|1,000|
|Emerge|(1,000)|1,000|
|A bit of a break|2,000|3,300|
|Fulfil the Wish|-|500|
|Happy Days|1,330|2,200|
|Nell Bank|-|1,000|
|Bradford South Scout Group|2,500|-|
|One in a Million|-|
|1,520|
|Rotary Club of Bradford Blaize Trust|800|-|
|Yorkshire Cricket Club Youth Trust|300|-|
|─────|─────|
|7,450|9,000|
|═════|═════|
----- End of picture text -----
13