Charity re￿$trati(￿ Dutnbw.. 266049
The Bon Accord Trust
for the Year End¢d 5 A￿] 2023

The BoD Accord Trust
Contents {comthiued)
Notes to the FiDaDcial StatellTh
7t0 12

The Bon A¢¢ord Trnst
Reference And Admlnistrative De￿￿5
Trwsttts
Mr DP Ensell
Mr JM Buckl
Mrm Halswad
Ch*¥ity R¢2tytrAtIoD Nmbe
266049
Prindpal oifKe
Mi]] House
WestFaTm
LE67 8FH
Ind¢p¢ndeDt ExamlD
R J GritSth8
3 Blathland C(thg¢s
Swkw¢ll
Plythouth
PL7 5DE
Pagc I

Tbe Bou Aeeord Trust
Trustees, Report
2023.
ObJeetlw *etlvllleJ
The tvmees confirm that tlxy have ¢orryblle4 wlth the ttfp1rem&￿ of section 17 of the a￿lt￿8 A￿ 2011 to ha
due Jyd ￿ the ￿blIC be￿fit guidanc¢ pub]ts]xd by the Chorlty iknon fwFJW aDd W￿e9.
this underTrvAew on an anTrU￿ bA81&
The elwity's a¢tivities expise ti to a ri5k8 i￿]￿dIng qeditrisl cwh flow rijk tyl liquidityTisk
Thr u8e of financi￿ d•iv8tiV¢$ AS Bovaned by the cTrAr¢ty's pliciey by the bO￿a of truste¥4 which
provide Iwritten principles on the use of financi￿ derivatives to Ti5k& The chgJity &J¢s DDI
Th¢ iknity'$ a¢tivilies exFwe it WI￿tlY to th¢ fIn¥nei￿ ri&k& of havkn8 e4sy to fiuth in order to
conth)uo fimdiDg cljaritsble acbviie& Th¢ ch*ity looks to reduet thls rlsk by rethitsing gcKxl levels of eash and c&h
e4uivi18rfs ￿17St also holding &oc&y and shaTE5 thlt 8r¢ easy to s¢ll if when requir¢d
In order to maintsin liquidity to ersure tbat suffici¢D¢ fund5 ar¢ avthbl¢ fw 9SW•tiws firtw¢
developnienty the ¢h•ity u5¢5 aJDixtre of lon8.term and 5hort.tm invesimeAts
F￿rtI￿ delails le￿dIng liq￿l￿ty mk f(rtTrttd iti the Ststement of fice4￿￿￿g policies ID the fimnciat
and Sign￿ on its behalf ty.
Mrjm
kler

The Bon Aeeord Tru
Statement of TruJtees1 Re8POnglbilllles
United Kingdom AcccAmiin8 Standorth IUDl¢¢d Kingdom Gm¢ro]ty Ac¢¢ptsJ AccouDtin% Prncttc¢} and wJi¢8bk
law #nd re8ullltion$.
The law appii¢abl¢ kn cjwrtyes requires the * to prryare &•tema)ts for each financial yeaT which
ve 4 true and fair view of th¢ Jtats of affairs of tbe ¢haTity 8tLd of th¢ inoomiAg r¢sollrexs and applitstion of
5¢1¢ct suitable xcouuling policies aod tho appty them c￿18t¢￿tty.
ob5ern the 8ttd principlc$ iti the Clwi¢i¢s SORP..
slate ￿l￿ther applicabl¢ a¢eouRting have been Collowtyl sllbject to aTy matKial depfftres disclosed
ond explaltte4J in the finwial statements. and
prepftre the fmanc?al ststanents on the going ¢on¢4TD Iwis unl¢ss it is inapprwte to presun* that the ch￿lty
will rotitinue in IwiDess.
liti￿ the finaneitil position of the ¢harity aThl enabk th¢m to that tho fittancia] stJtements cc*npty with th¢
Charili¢$ Act 2011. th¢ Ch8ritie5 (A￿wits and R¢poTts) Regulations 2008. and the proTrision$ of the CODStitittion.
The tru5*es gr¢ a]so T¢$pottsiiTrl¢ for safrgu*diDg th¢ &8sets of the and hence f(K taking T￿On￿le 8t¢ps
the p[tVe￿i￿n and ddKtioD of fraud aDd other in%￿dArIti¢i.
The trustees ar¢ TespDnS1￿]¢ for the Maintenan￿ and itite￿ ofthe Cor[￿ and fillaDcial Information included on
thp d￿lItable cMpan￿5 website. L?8islation gov¢minE the preparwn and di9aemin*ion of fit)wiAI statejnerfs
may differ from leg51ation in other juri5di¢tiLm)S.
AR
d by the trus*e$ of the charity on..X !:1) and si￿& on Its behalf by:
Ptrge 3

The Bon Accord TTUSt
d¢ptndenl ExAmlneWI Report to the trustees of The Bon Aeeord Trust
I r9￿ to thetswsltts my exami￿ ofthc accovllts of The Bon ACCI*￿ TY￿t for theyeK c1￿c4 S ApKll 21J23.
ReJpoDslbllltlu l￿d off report
acc4¥￿ with the Rqllire￿ ofth¢ awitirs A¢1 2011 Iybe Ad'l
l yewt in rwt of examin￿ of the The BoD Accord awouDts rnTti¢d out uttder section 145 of th¢
2011 Aet 8nd in earrying Out my exam1Th￿ I bftve followYd au the appJicab]c Dw¢diow giY¢n by th¢ amity
c4)MtiM￿on tstt¢kr sedion 145(5Xb) of tho A¢L
1. ac￿ n¥(ff•lq wK¢ ￿1 kept in Teyp¢ctof TheBonA¢ewd Th￿9$ by section 130 ofthe Arf or
3. th¢ do not ton4)ly with the aceowiftg reqUIren￿￿S con¢ernlDg the fornL and ¢c￿tent of accouDts set
out in the ch￿ltieS (Accowits alld R¢pots) Re8ulaiw 2(W than any requiret)Mt that the accouDts
sIKwld b¢ dT•Wn in this rwrtiD orderto enabk a proF¢r of the Kcowts to ber¢actr
R J ￿lffi11￿%
3 B]r￿kI#lld Coit•ges
PL7 SDE
P•Be 4

Th¢ Bon A¢eord Truit
Statemtnt of Financlal Acthtfitle8 for the Year EDded 5 April 2023
Totsl
Umre$trlcted Restrlthd
Note
ltstotht #nd EAdowm¢nts from:
Donatirns legacies
20.(M)O
114,695
114.695
20,0
134,695
Expendiknre on:
Charitable activities
(1￿844
(161844
T￿1 Expendi¢w¢
Net {eXpeDd1ture￿CoMe
G&tDsla05s¢s) on investtll￿t assets
(161844
162
{48.149)
405231
20.0
(28.1491
405231)
{453.380)
(433J80)
RrtoM¢l]latk)n tyf h•d8
Totsl fimds broygbt forward
4291.369
4291
13
3.837.989
3J57989
Tothl
2(121
UnreJtr6eted
Nots
Incom¢ •Hd Elldovnn¢Trts from:
Investmciit inco
102,240
102,240
Expendithre on:
charit￿1¢ activitrs
210433
Totsl Expenditure
210.433)
210.433
{108.193)
273.316
(108.1931
273 316
Gaiwl(losses) on investment a￿ets
165.123
165.123
RecoBcllladoD of fvDds
Totsl fijnds bmght forward
Total fill￿s carried knvard
6 4.126246
All of the charitys artiviti¢s d¢riYe from wntilluins opmtions the 8bovetwv ￿TrO
Thtnote$ ijn page$ 7 to 12 fonn an Inte￿al part of thtse f]Dm¢i￿ staten)¢nts.
Pag¢ 5

The Bon Aecord Trust
BalxD¢¢ Sheet M at 5 Aprll 2023
21
Not¢
Cyrr¢Dt •Mets
15mO
3,758948
153.5
3927,540
15,rAKJ
4,240,
89.138
4J44.844
Investtn¢nts
and in hand
Credttors: A￿O￿lts fallkng due wlthl*
Totsl as*ts turrent lilblltles
3,92Q640
68.651
4,344244
CredltoTh: Amounts falllDg due Mft¢r th•u •n¢ y¢•r
12
Funds of th¢ ¢harhT.
Reltrittod knt4Nne fuAdg
UDrutrkted ltstowe f•nd•
Unrestricted fimd$
3.837,989
4291 J69
Totsl fvnds
13
91
The fJDBJJcial slatements orl Pllg￿ 5 to 12 w¢rr aPPToved by th¢ tru61e¢$. ond 8uthori8ed for on .......-..........
Tr note5 onpllges 7 to 12 fonn Art integral ￿ of these fin￿¢111 statetll￿.

The Bon A¢¢ord Trust
Notes lo the Fin8Deial Stat¢m¢nts for the Year Ended S April 2023
I A¢c00nllng ￿11¢1¢•
Statsjnent of¢ompllanee
The fjnancial ststernents have been wepard In accordatt￿ with th¢ S￿)￿d edition of the Charities ststeM￿ of
Re(omm¢nd¢d Practice issued In O¢tober 2019, the Financial R￿￿]￿n£ Standard applicable iD the Unite41 KiDgd(Yn
and R¢publi¢ of Jreland (FRS 102) the Charitie9 Act2011.
BAib ofprep*ratiDll
The Bon Accord Tnjst meets the definition of o public bMefit P￿tIry uth FRS 102. Th¢ xrmis {financiaI
s￿¢￿etsts) have been prepared UDder the historical c05t convention wirb i1¢n￿ Tecognised at cast ty Irans8ction
Vah￿ wiless othe1v￿rt s¢atyJ in the relevatst nots(s) to these accounts.
Goln8eoneern
The truste¢s ¢oLfjider that there Jntit¢rial urKutsinti¢S ab)ut the thjriws abllty w ¢orAiou¢ BOillB
VoluDW iDciJme io¢ludi08 donatiotK8. gift4 legacies and that provid¢ we fimding or¥r¢ of n
is r#ogais¢d wh¢n the ¢h8rity has entitkment to the inconK, 1¢ i& probable th* the i￿ome will be nc¢iv¢d and the
amount ¢•) be m¢asured wth sufficient reliability.
Donations and lewieB Are reww)ised on a r¢¢eAvable basis wben ree¢ipt is prc*abk and th¢ amount caD be r¢Jiabty
metswe&
Divid¢n(b aye recognised once the div1thJ￿ been dec]we41 and not1￿￿tion has been receiv￿ of th¢ divAdeTrl
Expendl¢¥r¢
AU eX￿ditUre is rewgllised owe Oyre is a legal or ob1l8ati￿ to that expendttwe. 1¢ is probable
settlement j5 Tequired #ttd the aMoLll￿ can be mea5UTgd reliably. All ¢o$ts are allocated ty the yilicable expenditure
beadiD8 that agg¢gat¢ simitar costs to that ote80ry. Wh￿t costs w)no¢ be directly attrIbU￿d to particu]tr he&lin&8
¢hey h•ve been 8lloc*d ort a basis ¢lHWiSteth with the of Tegoiirco3.
Charttable eX￿dI￿re compriscs thos¢ ￿sts incurre41 by the Charty it) the delivery of its artlvlttes ar#J s¢rYi¢es for
its b¢neficiaTies. li it)cludes both costs that ¢att E¢ allocated direclty to such a¢tiviti¢S and those ¢ost$ of aD indi
nthr¢ nec¢55aryto supyon thellk
P￿7

The BoD A¢cord Trnst
Noteg to the FlnaDdal State*ents for the Year Ended S Aprtl 2023 (eollthiued)
GM*pn¥vtslo
is wKertairty about eitherthe ￿]ng oftr* orth¢ atnount of yantpwe.
Tax￿￿
Th¢ ch￿lty is ¢onsldw¢d to p4s$ the lests $¢1 in P￿3￿￿ph J Sthvdule 6 of th? Financ¢ Ad 2010 ond th¢refore
of the Corwion Tax Act 2010 or S¢ctioll 256 of the Taxation of Chryable A¢t 1992, to the extent that
9J¢h ine￿ll* or 8allts ar¢ appli•1 ¢xclusiv¢ty to rlwitabl¢ pwpos¢s.
CDrrwl InvestmeBts
Ojrrent asset illves¢mcnlB ar¢ iDduded ￿the lower of ¢08t 8ndnet realisable value I matket value.
Cath •Ad ea9b tqulvakTrts
C45b and ¢quivtilents coM￿lSe eesh OD hand and call deposits thud othw slw)rt-ttnn highty liquid irtv8slm￿ts
are Teadity conV¢rt￿l to a kttown amowll of c&¥h and are subjectlo all iDSi8lltfi(allt risk of* ID wlu¢.
Fund strn¢tsrÈ
UnTestrided irteome fllllds ojr ge￿rnI fi￿￿ that are #vaiJabl¢ for use at thè trtu¢ees dimtion ID fjm*bergtwe of the
objectives of the dwity.
F5MDclal IMtrnm¢nts
All finan¢id asxts aDd liabiliti#s are initi8lly meqsured at trpmadion pri￿ (incEtybDg cthts). ¢xcw for
db)5e finaD¢ial a5￿ts classified hir vaht¢ PTofit or Sos4 Wh￿ pJ¢ mea$w￿ 81 fw value
(which is nornwlly the tr￿saL￿Tr exch￿]ng tr8nsa¢tion costsk vjths tb¢ a￿￿nent wn51itul¢s J fffjancll
transacti￿L If an a￿emellt co￿l￿te$ & finAncin8 tIW￿&¢I10￿ th¢ a*¥￿ or fmancial iiobility is meawed
atthe Fyuent value of the futsTrTe [wi￿nts disc￿￿￿ at a n)aTkn rAte of Inttrest for a simi1grd¢lxiJ*Utnthi.
FiTwicial assets and Ilabiiides are only offlet 5n the Staten￿ of t]naD¢ia] [￿ltiOn wlw aud onty wkn there exists
a l¢gally ¢nfor¢¢#ble right to set off th¢ r¢408tiised anwunts and the cknity iDt¢nd8 either to xttlE net basts. (ff
lo rt41ig¢ the asE¢¢ a[￿ 5¢tt1e th¢ liability st￿uh￿¢OVSIy.
Fin*￿] assets are dvewis¢d th attd only a) the c1M￿a¢￿al ri8hts to the tlow8 tIK finwcial
expir¢ OT ar¢ s¢ttle4 b) the tharity tr8nsftts ￿ ￿￿ther porty substsntiatly of the iisks and Y¢wards of
ownar5bip of the finaTJcial a5*L or ¢) the dJ8rity. despitr having T¢tsined som¢ Dot all. sigryifjwlt rtsks and
rewatds of 0￿￿e[shiP. has tr•￿f¢￿ed witrol ofth¢ assetio anothu party.
￿￿￿1a1 lithltties are derWiS￿ tyjly when the Obligats￿ specified in contract is dithrrt canr¢lled or

Tb¢ Bon Aciyjrd Trnst
Notes to the Flnandal Statements for the Year EDd¢d 5 Aprll 2023 (eontinued)
Inve51m¢nts in ]￿•COnV¢rtbt le pref¢r¢nee shares nWble iTrrdn18ry or prBf¢rthte siwes (where 8harts
publicly tradrd ortheir fair valu¢ is r¢li8bty Jneuurnbl¢) are me%sured at fair vhlue through profit or1088. whe￿ fair
The best ¢V1th￿ of fair value is a quoted price for an Id¢nti(al lrt an active nwkd. Wh¢n quotrd Nices
the pri¢¢ of a rexent transathion for aD identieal &8s¢t provid&% evide￿¢ of far valu¢ as long as there
hES not been a significwt thartge ID econoJnic Circutnstsn￿ or a sigThifj¢attt lapse of time iinct the knfKtion I￿k
place. If the market is nol a¢¢ive find Te¢eot trpDsadions of &tt 1deJ￿01 855¢t on thew own a good esliDut¢ of
f8sr valu4 the fair value is estim4ted by ￿1n8 a valuation tethiique.
2 Incom* frnm doM8tlon$ amd Itgades
TotAI
DoDatiM$ co1￿￿ttIty
20.0(M)
Tolal for 2023
20.CKK)
3 Investment IDrome
UDrestrlrt¢d
nds
C¢n¢ral
Totsl
fu￿d9
lttterest ￿¢¢l￿bIe on bank deposits
income fro]n fixcd asset inYestm6nts
221
114474
221
114474
Totsl for 21n3
114,695
114.695
Totsl for 2022
102
102 240 a40
4 E¥peDdltur¢ on eharitsbk •ttfvltles

The Bon Accord TrD8t
Notes to tbe Finan¢ial Stat¢JD¢nts for th¢ Year Ended 5 April 2023 (wntiDued)
Uttmtritted
r•Dd•
G¢tternl
144279
1&565
144279
18J65
Totsl fw 2023
Tot*] for 2022
210.433
210.433
S Cbarlty donatknlls
The charity dthmtsd £137349 Q022 £188J64) to the CTrffist•aelphi4n Car¢ HonL¢S (chgTity ]Jymb¢r 225874) which
is ts sUPPQrt home T￿l￿nts. t#)th Christsthlt&i8n ond n(fflthistsd¢lphiaD$ me•t the full ¢¥A of thelr
No tsvst¢e5 hav¢￿￿1Ved gnyreimbws￿ expeTh¢s or w other fran the dwrity duriD& the yw.
7 T•x•tlDn
Thecknity is a regist¢red charity and is thurfor¢ exempt frojn thXatiorL
8 Debtors
2023
15.000
15.11(X)
9 Cwrrthl •￿tt inyegtments
2023
2V22
Li8t¢d othershares
3.758.948
Pa8¢ 10

The Bon Accord Trnst
Notej to the Financial Stslements for the Y¢ar EDded S April 2023 (eonlinued)
10 Caih *Dd e*sh ¢qMfvfil¢nts
2023
2022
Cash atb)nk
153 592
li Cr¢ditorK' hllhb8 due one year
21)23
2022
900
12 Credltors: fAIknR due •li¢r yar
2023
68 651 ￿875
13 Fun
at 6
Aprll 2022
R¢Joure
eipeDded
Aprjl 2023
Unrtstrlcted
General
4291,369
114,695
{568,Q75)
3,837.989
Rtttrfrted
Totsl
568.075
3 857 989
Other
reroenlsed B4l*nee al S
InslOosse8) April 2022
Balantr at 6
Aprll 21J21
Resour¢es
peNd¢d
UDf¢strleted
4 126 246
102240
85981
4291.369
14 A**1￿￿ of ttet asKts behyeen luDd•

The Bon Aeeonl Trnst
NotH to th¢ FiDaneial St*t¢m¢nts for the Year Ended 5 April 2023 (eontlnutd)
Utsrntrkted
Totsl fwidl #t
5 Aprll
2023
3,907.540
20.(KKI
3.927.540
Curreni Ilabllltles
(68.651)
(6B.651
3 857.989
Tirtal net 8S8cts
3.837.989
20.0
Unr¢5trlthd
hnd5
GeDer*l
Totsl fund5 •¢
S April
2022
4J44.844
4,344.844
(6(￿}
{6￿)
51875)
(52,87
4291W 369
Cwr¢Dt liabilitse$
Totsl net assets
Page 12

The Bon Aeeord Trust
Stal¢ment of Fin4neial Adivities by fund for the Year EDd¢d 5 April 2023
Total
Tot*1
Unregtrkted UDrestrn
Fund$
Funds
2023
2022
Incom¢ EDdoivrneDts IrorA:
114.
102,240
Totsl iD¢ome
114.695
102.240
ExpendKture OIL
Charitable activities
{162.844
162W) 1210,433)
210,433)
TLtsI VAp¢nditswe
Net exI￿dit￿le
(48,149}
{405.231
(108,193)
273.316
Net movertheni in
(453J80)
165.123
Re¢oDcili•tion of hnd•
Totsl futtds brDu8ht fonvord
4291 J69
4,126246
4,291.369
Thi5 page does ty forn part of thc • fm£tsci&l statements.
Page 13

Th¢ Bon Ac¢ord Trust
ststement of FIDand&l A¢tfvlties by thnd for the Year Ended S Aprll 2023 (continued)
Total
To
Full￿*
2023
2022
Itheomt #nd Endowments from:
DonatioD5 a￿1 legficies
Totst Income
Exp•ndlturn on:
N¢t
RetoDd]iatloll of fllDds
Totsl ftsnds wried fonvord
Page 14

The BoD Accord Tru81
Detsiled Ststement of FInanCi￿ Adlvltks for th¢ Year Ended S April 2023
Totsl
2023
Tol*l
21Tr22
ID¢om¢ and Endovrnieots from:
Donations and legkeies (8naly8eJ below)
Jnvesttn￿¢ 1￿Come (wlys¢d below)
20.0
114.695
102,240
102240
ExpendlluTr on:
Ch#ritabl¢ I￿1￿￿tieS (anIty￿1 below)
Tot•1 ¢xpenditt
Net ¢xpenditu
Gross trat]5frfs between foDds (gnatysed below)
Net movement in fimds
162,844
128.149)
405
{108.193)
273 J16
{433J80}
165,123
R•toneUI811o￿ of fullth
Totsi fwids brought foTW8
T4)tsl fundj WTied forwwd
4291369 ￿46
3 857 989
This page th)e5 not part of the 81atsitory fJnanrj￿ SLai¢￿th.
Pa8e 15

Th¢ BoD A¢¢oTd Trust
D¢tsll¢d St*t¢JneDt of FiDan¢ial Adivitiu for the Year Endtd 5 April 21J23 (¢ontinu¢d)
T•)t•l
2022
Jncom¢ from other uuli5ted invesfmeths
20.iXX)
20.000
Inc4)me frm listed invegtttwits
114,474
221
102233
102
114.695 ￿40
0¢7h*hl
Grants payable. iDststutithJs
Lx8al artd professional f￿$
(14M279)
1210.133)
3(Kl
Revaluatw)n of shaTe5 ga￿0068)
F￿d$. Transfer ofunlealised r￿luatIOn profrts
(405,231)
296.414
3.098
{4Q5231
273.310
This page not form pgrtof the ytstrjtcry finallciBI stat¢nMts.
Pw16