Registered Charlty No. 258928 THE BURGHLEY FAMILY TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 THE BURGHLEY FAMILY TRUST Content5 Page Reference and admIn¢strat￿n Trustees report Independent examiners report Statement of financial activities S¢aEement of ass Notes to the financial statement5 THE BURGHLEY FAMILY TRUST Reference and administratlon Full namè of charity The Burghley Family Trust Governanc• Trust deed daEed 9 April 1969. amended 5 Juty 21)02 and 20 August 2fyJ8 Trust••s Day￿ Henry Cecil Floyd Lady KatharTrne Davina Mary Matheson Miranda Rosemary Rock Charlty number 258928 Rezlster¢d office Burghley House Stamford Lincs PE9 3IY Ind•pendent examlmr Mr Nicholas Reynold5 CGMA 61 High Street St Martins Stamford Lincs PE9 2LQ Banker5 Natwest The Maltings 2ttd Floor, Brayford Wharf East Lincoln LN5 7HA THE BURGHLEY FAMILY TRUST Trustee5 report for the year ended 5 Aprll 2025 Report of the Trustees The Trustees h3ve pleasure in presenting their report and financial statements for the year ended 5 April 2025. The financial 5￿CeMentS crynply with applic3ble statutory requirements and the Tru5C'5 governing document and the current Statements of Recommended Practice for Accounting and Reporting by Charives. Structures governanct and management The Trust 15 governed by the Trust deed dated 9 April 1969 as amended 5 july 2002 and 20 August 2008. The power of appointing new Trustees of the Trust is vested in the existing Trustees. Statement of Trustees r•spon5ibilities Under the Trust deed and charity law. the Trustees are required to prepare financial statewnent5 for each financial year which give a true and fair view of rhe state of affairs of the charity a[ the year end and of its incoming resources and resource5 expended during the year. In preparing those financial Statements, generally accepted accounting prattice entails that the Trustees.. select suitable accounTing policies and then apply them con515tently'. tTrake judgemenu and estimates that are reasonable and prutlent- stats whether the financial starements comply wirh the Trust deed and generally accepted occouniing practice subject Eo any ffl3rerial departures disclosed and explained In the financial 5tatements.' and prepare the financial sratements on the going concern basis unless it is inappropriate to presume that ¢he charity will continue in busine5S. The Trustees are required to att in accordance with the Trust deed and within the framework of charity law. They are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial posicion of the charity. They are a150 responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularityes. As far as the Trustees are aware.. There is no relevant material information of which the eharsty'5 independent examiner is unaware- and The Trustees have ￿ken all steps th2t they ou8ht to have tsken to make themselves aw3re of any relevant independent examination itrformatyon and to establish that the independent examiner is aware of that information. Obie¢to￿% and artivities The object5 of the charity are that the incoine and. if the trustee5 50 decide. the capital of the trust fund shall be applied for such charitable purposes as the trustees think fil. In making distribuvons the trustees were asked (without prejudice to ¢he generality of the foregoing trust) to observe rhe principle that the income of the trust should be applied primarily in gr3nts in aid of charitable foundations. instituiion5. trusts and undertaking5 {as Ihe trustee5 should in their di5cr¢tion select) and particularly of Burghley House Preservation Trust LIMi￿d and the National Tru$t. Page 2 THE BURGHLEY FAMILY TRUST Trustees report (continued) for the year ended 5 April 2025 Achièvements and p•rformanc• During the year the Trust received Investment income and donations amounting to £46.650 12024 . £45,194) and ¢haritable distributions for the year amounted to £42.900 (2024 - £43.8601. The difference between income and expenditure for the year after administration expenses wa5 a surplus of £3.350 12024 a surplus of £9341. Total funds at 5 April 2025 amounted to £493.593 {2024 . £496.035). The charTfund units have been valued ai cuffent market value. Public ben•fit The Trustees confirm that rhey have complied the dLXy in section 4 of the Charities Act 2006 to have due regard tts the Charity Commission's gener31 guidance on public benefi( 'Charitie5 and Public Benefit.. Financial revlèw The Trustses have considered the risks which the charity is facing and have Cor￿luded that there are no long tern) fin3rKial commirments which have b￿￿ made to 8wd causes and there are no ¢ommitments to pay administrdtion costs. After consideration thè trustees do not believe that there are any risks of potentyal claims from third partie5 which they envisage being made against them. Annual income and e¥penditure are nornially broadly #) line. The charicy doe5 not own any asset5 other than the finantial a55ets and although these may reduce in value as a result of a fall in finantial markets the y)¥ernors believe that tht risk profilo 15 appropriate to the long ￿rM needs of the charity. Res•r¥es policy The Trustees current policy is to distribute the available income amongs¢ a number of charitable instltutions, trusts and undèrtakiry ¢¥erating in the Stamford area. y ordèr of th• Trust•e Date aL41 2025 U i(ofKoMve Mrs Miranda Rock Trustee Mr Oavid Floyd Trust•e Lady Katharine Mathe50n Trustee THE BURGHLEY FAMILY TRUST Independent examiner5 report to the Trustees I report on the accounts which are Set out on pages S to 6. Respertive re5pon5ibilities of Trnstees and examiner A5 the Charity's Trustee5 you are responsible for the preparation of the accounts.. you consider that the audit requirement of section 144 of the Charities Act 2011 (the Accl doe5 noc apply for this year and that an independent examination 15 needed. It is my responsibility to examine the accounts {under section 145 of the Act), to follow the procedures laid down in the General Direction5 given by the Charity Commissioners (under 5ettion 14515b} of the Act). and to state whether particular matters have Come to my attention. Basis of independ•nt examiners report My examination was carried out in accordance with the Ger￿ra1 Dirertions given by the Charity Commissioners. An examination include5 a review of rhe accounting records kept by the charity and a comparison of rhe accounts presented with those records. It a150 includes consideration of any tjnusual item5 or disclosures in the accounts, and the seeking of explanation5 from you as Tru5cee5 conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and. consequently. I do r￿t express an audit opinlon on the vievi given by the accounrs. IndepÈndent examiners $tatemeTrt In connection with the examination. no matter ha5 come to my atcencion which gNes rvdsonable ¢ause to believe thai in any ma￿rIal respect. rhe requirements.. to keep accounting record5 in accordance wlth Section 130 of the Act.. and to prepare accounts which accord with the a£counting record5 and to comply with the accounting requirements of the Att have not been meL or to which. ift my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached. Mr Ni¢hola5 Reynolds CGMA Date 2015 Independent Examiner 61 High Street St Manin's Sramford Lincs PE9 2LQ Page 4 THE BURGHLEY FAMILY TRUST Statement of Financial Activities for the year ended 5 Aprll 2025 2025 Unrestricted Unrestrlc￿d Total Tocal 2024 Notes Incoming resource5 from generated funds Voluntary income= Donarions Investment income Total income 18,000 28,650 46.650 27.194 45,194 Resources expended Charirable ac¢ivityes'. Donauons Governance costs Bank charge5 Total expendlture 42,900 400 43,860 43.300 44.260 Net Incomingl(outgolng) resources before other recognised gains and105ses 3,350 934 Unreallsed ￿In$l{lOSses) on investment assÈts (S.792) (9,107) Net mov•ment Sn funds (2.442> (8.173) Total funds brought forward alance carried forward 496.035 49J.593 504.208 496,03S THE BURGHLEY FAMILY TRUST Statement of Assets as at S April 2025 2025 2024 Notes Reconciliation of funds Balance brought forward Net movement in funds 496,035 (2,442) 504,208 18,1731 Total unrestrirted capital and inctsme funds 493.593 496.035 Represented by: FlxÈd a55et5 M&G Charifund units (30.807.893 units) CCLA COIF Charitie5 deposit fund (14.700 unit5) 443.692 14.700 458.392 H9.484 14.700 464.184 Current assets Cash at bank and in hand 35.602 35.602 32.251 32.251 Cvvrent liabilities Creditor5 1400) (4001 Total funds 493,593 496,035 The notes on pages 7 to 9 form an in￿gra1 part of these financial statemenrs The finaftcial statements were approved by the Trustees Date JUIJ 25 All (U l (&ll￿]ve Mr$ Miranda Rock Trustee Mr David Floyd Trustee Lady Katharine Matheson Trustee Page 6 THE BURGHLEY FAMILY TRUST Notes to the financial statements for the year ended 5 April 2025 Accounting policies Accounting tonvention The financial statements are prepared under the historical cost convention as modified by the inclusion of investments at market value and in accordante with the financial reporting standard fr)r smaller entitie5 leffettive January 20051 and the Charities Act 2011. In preparing Ihe financial staiements the chariry follows best practice as laid down in the 5taTrment of recommended practice "Accounting and Reportirsg by Charives" ISORP 20051 Issued March 2005. The charity has tsken advantage of the exemption in FRSI from the requirement to produce a cash flow statement because it 15 a small harity. Incoming r•sources Voluntary income 15 receNed by way of donations and gifts and is included in full in the Starement of Financial Activities when receivable. Gifts donated for resale are included a5 income when they are sold. Donated asset$ are included at the fdlue to the charity where this can be quantified. and a third person is bearing the COSL The value of services provided by volunieers ha5 not been included. IrKome from invesunen¢5 is included in the year in which it 15 receivable. Rèsources expÈnded Liabilities are recogni5ed as resources expended as 500n as there is a legal or constructive obliration committing the charity to the expenditure. All expenditure is accounred for on an accrua15 basi5 and has been classified undw headings that aggrega£e all cost5 related to the category. Resources expended include atrributable VAT which cannot be recovered. C05t of gen•r•tin8 funds C05t of generating funds comprise5 those costs direcdy attributable to raising investment income and holding cash deposits. Charitthle acti¥itl•s Cost of d)arit2ble activities includÈ don3tions made. Donations payable for th• furth•rance of chayity oblectfve5 Donations payable are payments made 10 third parties in the furtherdnce of the charitable objectyves of the charity. Single or multi-year grants are accounted for ¥then either the recip¢ent has a reasonable expectation that they will receive a grant and the trustees have agreed to pay the grant without condition. or the recipient has a reasonable expectation that they will ￿ceIve a grant and any condition attaching to the grant is outside of the conrrol of the charity. Governance costs Governance cost5 comprise all costs incurred in runnlng the charity it5df a5 an orpnisation. and it5 compliance wlrh regularlon and good prattl￿. The Burghley Family Trust Notes to the accounts (continued) for the year ended S April 2025 1.4 Investments Fixed asset in¥estments are included at market value at the balance sheet date. Any gain or loss on revaluation is allocated to the Statemen¢ of Financial Acriviries. 1.5 Taxation Under section 505 ICTA 1988 the charity 15 exempt Irom cerrain taxes. Full account is taken of tsx credits attaching to gifts and qualifying dona¢ion5. 2025 2024 2 Donations received Voluntary donations 18.CKXJ 18,000 3 Investment income Income from listed investments Deposi£ inierest 28.632 18 27.194 18,650 17.194 4 Donations expended All donations were paid to institutions and no donations have been made to individuals Disabilitylhospice Religiou5 activities Communiry care Seryices 6.350 11.500 12.500 5.900 6.050 600 S.750 9.850 17.800 2.860 7.100 500 43.860 Youth Animal 42.900 5 Governance artivities Independent examination fees 400 400 6 Bank charges Page 8 The Burghley Family Trust Note5 to the accounts (continued) for the year ended S April 2025 7 Staff Costs There were no employees during rhe year. No remuneration ha5 been paid to rhe Trustees in either the current or preceding period. The charity has not met any Individ￿al expenses incurred by the Trustees for services provided to the charity. Fixed asset Investments M&G COIF Total Fund value as at 6 April 2024 Additions Disposals Unrealised gains Ilossesl in year Fund value as at 5 April 2025 449.484 14.700 464,184 {5.7921 443.692 {5.7921 458.392 14.700 Historic cost £73.615 All fixed asset invesunents are held in UK investments 9 Creditors 2025 2024 Independent examiners fee 2024125 400 4C Page 9