Charity registration number 281986
CALYPSO BROWNING TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5APRIL 2024

CALYPSO BROWNING TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
J H C Saxton
V Browning
Charity number
281986
Principal address
Greystone
Underskiddaw
Keswick
Cumbria
CA12 4PY
Independent examiner
Dale Mitchell FCCA
Azels
9 Thorney Leys Park
Wilney
Oxlordshiie
OX28 4GE
Bankers
Barclays Bank UK PLC
1 Churchill Place
London
E14 5HP
Investment advisors
Bre￿n Dolphin
1 Cavendish Road
Leicester
LE2 7PG
United Kingdom

CALYPSO BROWNING TRUST
CONTENTS
Page
Trustees, report
Independent exarllinerfs report
Slalemenl of financial activities
Balance sheet
Notes to the finan¢ial statements
6-12

CALYPSO BROWNING TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 5 APRIL 2024
The trustees present their annual report and financial slalemenls for the year ended 5 April 2024.
The financial slalements havè been prepared in accordance with the accounting policies sel oul in note 1 to the
financial statements and comply with the ¢harity's Deed of Arrangèmènt datèd 26 Novembèr 1979 which was
amended on 16 June 2020, the Charities Act 2011 and 'Accounling and Reporting by Gharilies.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021
Objectives and activiti•s
The Trust is a charitable Trust established by the Will of the Tale Mis Calypso Browning who died on 15 October
1978, as varied by a Deed of Arrangement dated 26 November 1979 which was amended 16 June 2020.
Trustees are required lo distribute the Income among chaiitable societies lor the housing of persons in need and
for animal we5fare. The Trust distributes all income to those societies aocordingly.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the
cnariry shouia unaertaKe. The Trusiees unttenaKe no auiviiies to wnicn ine cnarity Commission's guioance tsn
public benefit applies.
Achievements and perfomiance
Our main activity is pioviding grants lo animal welf8ie and hornele55ness chanlie5. We have a numI￿r ol
ch8rilie5 Ihal we are comrnilled to give to because of our founding in5trumenl- the will of Calypso Browning. We
continue to give lo these charities and also others thal have a particulady strong case lor our support. We prefer
smaller charities and Ihose who are tackling very tangible issues. Vicky Browning leads on homelessness grants
and Joe Saxton leads on animal welfare. Distributions made in the year are detailed on page 7.
The valLSe of investments held by the Tiusl has increased in the year from £893,619 to £914,695.
Trust In¢ome and expenditure is as detailed in the statemenl of financial aclivilies as detailed on page 4.
Financial review
The total unrestricted funds in hand al the end of the year were £6,312 which is a decrease of £10,415 this yeai.
The total endowment funds at the end of the year were £950.211 which is a increase of £29,073 this year.
The Trust distributes 211 Ils Income to the charitable societies. Undistribuled income at Ihe year end is not a
reserve. bul only the result of fluctuating income and timing of distributions. During Ihis year, and in the pèriod
since then. Ihere have been no significanl changes in income ol the trust or in the pattern of dislribulion.
The trustees have assessed the majoi iisks lo which the charity is exposed. and are satisfied that systems are in
place to tnitigale exposuie to the major ii5ks. The investments ale managed by Brewin Dolphin Ltd with an
investment objective guideline lor In¢ome and Growth Relum and the risk cla5sificalion is classed a5 'Diversified
Risk..

CALYPSO BROWNING TRUST
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Structure, govemance and management
The trustees who served during the year and up to the date o15ignature of the financial slalernerils were..
J H C Saxton
V Browning
There are trustees as detailed above. At present this number satisfies the need of the Trust, howevei when
we need to recruit new trustees we will use networks and proactive recruitment approaches to find new trustees.
The Iru51ees' report was approved by the Board of Trustees.
J H C Saxton
Trustee
Dated".
rloLI icls

CALYPSO BROWNING TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF CALYPSO BROWNING TRUST
I report to the trustees on my èxamination of the financial statements ol Calypso Browning Trust (the charilyl
for the year ended 5 April 2024 which are sel out on pages 4 to 11.
Re$ponsibilities and basis of report
As the trustees of the eharily ytsu ale iesponsible for the preparalion ol the financial slalemenls in accordance
with the requirements ol the Chaiilies Act 2011 (thè 2011 Acti.
I report in respect ol rny exatnination of the charity's financial slalements carried out under sedion 145 of the
2011 Act. In carrying out rny examination I have followed all the applicable DireetlDns given by ltte Charity
Commission under 5ec110n 14515llbl ol the 2011 Act.
Independènt examin$¢s statement
I have completed my exatnination. I confim that no matters have come to my attention in connection with the
èxamination giving tne Gause lo believe that in any Mater￿al resped
accounting recoids were nol kepl in iespecl of the chaiity as required by section 130 of the 2011 Act, or
the financi31 slatÈments do not a¢¢ord with those re¢ords'. or
the financial statements do not comply wrth the applicable requirements concerning the form and eonlent
ol accounts set Out in the Charities (Accounts and Reportsl Regulalions 2008 other than any requirement
that the accounts give a true and fail view which 15 not a matter considered as part ol an Independent
exarninalion.
I have no concerns and have come across no other matters In connection wrth the examination to which
attention should be drawn in this report in order lo enable a proper understanding of the financial slalements to
be reached.
Dale Mitchell FCCA
Azels
9 Thorney Leys Park
Witney
Oxfordshire
OX28 4GE

CALYPSO BROWNING TRUST
STATEMENT OF FINANCIALACTIVITIES
FOR THE YEAR ENDED 5 APRIL 2024
Unrestricted Endowment
funds
funds
2024
2024
Total Unrestricted Endowment
funds
fund$
2023
2023
Total
2024
2023
Notes
Investments
32,704
32,704
31,125
31.125
Raising funds
6,575
6,575
8.348
8,348
Charilable activrties
42,095
42,095
51,971
51,971
Totsl exptndlturè
42,095
6,575
48,670
51.971
8.348
60.319
Nel gainslllossesl on
investments
34,624
34,624
152,8771
152.8771
Net loutgoin911incoming
resources before transfers
19,3911
28,049
18,658
120,8461
161,2251
182,0711
Net movement in funds
19,3911
28,049
18,658
120,8461
161,2251
182,0711
Fund balances at 6 April 2023
16.727
921.138
937,866
37.573
982.364
1.019.937
Fund balances at 5 April
2024
7,336
949,187
956,523
16,727
921.139
937.86fj
The statéméllt of financial activities include5 all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.

CALYPSO BROWNING TRUST
BALANCE SHEET
AS AT 5 APRIL 2024
2024
2023
Notes
Fixed assets
Investments
Current assets
Debtors
Cash al bank and in hand
10
914.695
893.619
11
257
43,628
257
45,926
43,885
46,183
Creditors.. amounts falling duè within
onè year
12
12,0571
11.9361
Net current assets
41.828
44,247
Toial assets less current Ilabilities
956.523
937.866
Capital funds
Endowment funds- general
Income funds
Unrestricted funds
13
949.187
921,139
13
7.336
16,727
956.523
937,866
The financial slalements were approved by the Trustees on
J H C Saxlon
Trustee

CALYPSO BROWNING TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5APRIL 2024
Accountin9 policies
1.1 Accounting convention
The accounts have been prepared in accordance with the charity's Deed ofArranagernent, Ihe Chanlies
Act 2011 and "Accounting and Reporting by Charities.. Statement ol Recommended PractlC8 applicable lo
¢hariliÈs prèparing their accounts In acGordance with the Financial Reporting Standard applicable in the UK
and Republic of Ifelar)d IFRS 1021. The charity is a Public Benefit Enlily as defined by FRS 102.
The financial slalements have departed from the Charities IAccounls and Reports) Regulations 2008 only lo
the exlenl required lo provide a true and lair view. This departure ha5 involved following the Statement of
Recommended Practice lor charities applying FRS 102 rather than the version ol thè Slatement of
Recommended Practies which 15 rgferfed to in th8 R8gulalions but which has since been withdrawn.
The financial statements are prepared In sterling, which is the functional currency of the charity. Monetary
amounts in these financial statetllents are rounded to the nearest £.
The accounts have been prepared under the historical cost convention, modified lo include certain financial
instruments al fair value. The principal accounting policies adopted are sel out below.
At the lime ol appioving the financial slalemefjls. the Iruslees have a iea50nable expectation that the charily
has adequate re59urces lo continue in operational existence for the foreseeable future. Thus the tr￿lee$
onlinue lo adopt the going concern basis of accounting in preparing the financial statements.
1.2 Charitable funds
Unrestricted funds are available lor use at the discrelion of the Iruslees in furtherance of their charitable
objectives
Endowment funds are subject to specific conditions by donor5 that the capital must be maintained by the
charity.
1.3 Incoming resources
Inoome is recognised when the charity is legally entitled lo it after any performance conditions have been rnel.
the amounts can be measured reliably. and it is probable that Income will be received.
1.4 Resources expended
Liabilitie5 are re¢ogni5ed as soon as there is a legal or constructive obligation committing the charity to the
expenditure. All expenditure 15 accounted lor on an accruals basis and has been classified under he￿ling5
that aggregate all costs related to the category.
1.5 Fixed asset investments
Fixed asset investments are initially measured at transaction pricè èxcluding transac110n costs. and are
subsequently measured at fair value at each reporting date. Changes in fair value are recognised in nel
incomellexpenditurel for the year. Transaction costs ale expensed as incurred.
Investment income
2024
2023
Income from listed investments
32.704
31.125

CALYPSO BROWNING TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5APRIL 2024
Ral$lng fund$
2024
2023
Investment rnanagement
6.575
8,348
6.575
8,348
Charitable activities
2024
2023
Independent examiner lees
Bank charges
SubscriptlOn5
1.920
63
112
1.680
42
249
2.095
1,971
Grant funding ol activities (see note 51
40,000
50.000
42.095
51.971

CALYPSO BROWNING TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Grants payablè
2024
Grants to Institutions-.
East Africa Anirnal Welfarè
Shelter the Nation
Dog5 Tiust
Cotnpassion in Wodd
Southern Thailand Elephant Proiecl
Idelwild Animal Sancluary
Sl Martin in the Field
Oa51s Domestic Abuse
Animal Rescue Cumbna
YMCA
240 Project
NOAH
Step by Step
Off the Slreets
Evolve Housing
RSPCA
Harper Asprey Wildlife Rescue
Forever Hounds Trust
PDSA Head Office
Islir)gton Centre for Refugees and Migr3rits
The Nature Nook
The Porch
The Donkey Sanctuary
3,000
2,000
2.000
2.000
2,000
2,000
2,000
2,000
2.000
2.000
2.000
2.000
2,000
2.000
2.000
1.500
1.500
1.500
1.000
1.000
1.000
1.000
500
40.000
Trustees
None of the truslees lor any peT50ns connected with them) received any remuneration or benefits from the
chaiily during the year.
Employeès
The average monthly numbei ol employees during the year was".
2024
Number
2023
Numbèr
Tolal
There were no employees whose annual remuneration was more than £60.000.

CALYPSO BROWNING TRUST
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 5 APRIL 2024
Net gainslllossesl on invèstmènts
2024
2023
Revaluation of Investments
Gainlllossl on sale of investmen15
27.095
7,529
156,3421
3,465
34.624
152,8771
Taxation
The charily is exempt fiotn lax on Incorne and gains falling within section 505 of the Taxes Act 1988 or section
252 of the Taxationol Chargeable Gains Act 1992 to Ihe extent that these are applied to ils charitable objècts.

CALYPSO BROWNING TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
10 Fixed a$set investments
Listed
invèstments
Cost or valuation
At 6 April 2023
Additions
Valuation changès
Profit l Loss on Disposals
Disposals
893.819
115.720
26.909
7.529
1129.0821
Al 5 April 2024
914.895
Carrying amount
At 5 April 2024
914.695
Al 5 April 2023
893.619
Fixed asset investments revalutd
All investments are carried al their fair value. The investments are managed by Brewin Dolphin who piovide a
valuation report at 5 April 2024. The valLJations have been prepared, generally. on the basis of the rniddle
market price at the close of business on the v8lualion dale. and as supplied by exlemal infoirn8lion prowders.
11 Debtors
2024
2023
Amounis falling duè within one year..
Other debtors
257
257
12 Crèdilors= amounts falling due within one year
2024
2023
Other creditors
Accruals
257
1,800
256
1.680
2,057
1.936
10

CALYPSO BROWNING TRUST
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 5 APRIL 2024
13 Endowmentfunds
Endowment funds represent assets which musl be held permanently by the charity. Income arising on the
endowment funds can be used in accordance with the objects ol the charity and is included as unrestricted
income. Any capital gains 01 losses arising on the assèts form part of the fund.
Movement in funds
Incoming Resources
Transfers Revaluations Balancè at 5
resources
expended
gain5 and
April 2024
19$ses
Balance al 6
April 2023
Permanent endowments
Investrnent portfolio
982,364
1.024
16,5751
34,624
950.211
921,138
1,024
16,5751
34,624
949, 187
Mov•mènt in funds
Incoming Resources Transfers Revaluations Balance at 5
resources
expended
gain5 and
April 2023
losses
Balance at 6
April 2022
Pemianent
endowments
Investrnent portfolio
950,223
17,0231
39.164
982,364
950,223
17.0231
39,164
982,364

CALYPSO BROWNING TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
14 Unrestricted funds
These are unrestricted funds which are material lo the chaiiV5 activitiès made up as follDWS'.
Movement in funds
Incomlny
Re$our¢•$
Balanc* at
rosourcos
pxpended 5Aprll 2024
Balanco at
6 Aprll 2023
Unrestricted funds
16,727
110,4151
6,312
16,727
110,4151
6,312
Movement in fund5
Incomlng
R&50urc•s
Balanc• at
rgsour¢g$
expendgd SAprll 2023
Bolance at
6 Aprfl 2022
Unrestricted funds
37.573
31.125
151.9711
16.727
37,573
31,125
151,9711
16.727
15 Analysis of net assèts bètwèen funds
Unrestricted Endowment
funds
funds
2024
2024
Total Unrestricted Endowment
funds
funds
2023
2023
Total
2024
2023
Fund balances al S
April 2024 alè
represented by.
Investments
Current asselsllliabililiesl
914,695
41,828
914,695
41,828
893.619
44.247
893.619
44.247
956,523
956,523
937,866
937.866
16 Related party tran¥actions
There were no disclosable related party transactions during Ihe year12023 - nonel
12