THE BROYST FOUNDATION
UNAUDITED ANNUAL REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Charlty Commlssion Reference Number.. 290525

THE BROYST FOUNDATION
ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
INDEX
Pao6 Number
Reference and Administrative Details
Trust088' Rewrt
Independ8nt Examinerfs Report
Statement of Financial Activities
Balance Sh88t
8 - 14 Notes to the Accounts

THE 8ROYST FOUNOATION
REFERENCE AND ADMINISTRATIVE DETAILS
YEAR ENDED 31 OECEMBER 2023
CHARITABLE STATUS
Th8 Charity Commission rggislration number ol The Broyst Foundation is 290525.
TRUSTEES
MsCSCox
Mr R D L Showan
Mrs L A Brora
PRINCIPAL ADDRESS
1￿ Floor
Chilworth Point
1 Chilworth Road
Southampton
Hampshi
S016 7JQ
ADVISORS
Aecountsnts
Bankers and Invè5trnent
managers
Rothrnans LLP
Chartered Accountants
Chilworth Point
1 Chilworth Road
Soulharnpton
Hampshire
S016 7JQ
Coutt5 & Co
440 Strand
London
WC2R OQS
Sollcltors
Independent Examln•r8
Paris Srnilh LLP
Number 1 London Road
Soulharnplon
Hampshire
S015 2AE
Chichester Accounting
104 Stockbridge Road
Chichester
West Sussex
P019 8QP
Page 1

THE BROYST FOUNDATION
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees p￿sent their report and the accoLJnts for th8 year ended 3lDe￿Mber 2023. These cotnply wth current stalulory
requir8ments and the Charily's goveming documents. The financial statements have been prepared in accordance with the
occounling policies sel out in nole 1 to the accounts and comply wlh the charity's trust deed, the Charities Act 2011 and the
Finan¢ial Reporting Siandard applicable in the UK and Republi¢ of Ire18nd IFRS 1021 leffective 1 January 20191- (Charities
SORP IFRS 10211.
STRUCTURE AND GOVERNANCE
The Broyst Foundation was constituted by a Trust Deed dated 16 October 1984 as The Mooney Family Foundation. The name
was ¢hanged lo Tha Broyst Foundation on 5 June 1986.
The Trustees meet regularly throughout the year lo a9￿ the charity5 slralegy and discuss charitable aclivib'es, including
considerab'on ol grant Tnaking. investment, ￿SerVes, cash flow and risk managernenl. In planning the Foundation's grants fr)r
the year, Ihe Truste8s give equal consideration to all requests ￿ceIVed for grants, and assess Ihem in accordance with the
Charity's objectives and tre Corllmission's guKlance on public benefit.
APPOINTMENT AND TRAINING OF TRLISTEES
The power to appoint new Trust88S IS Vested in the existing or continLJlng Trustees, who carefully consider the Charily's needs
together wlh the mlx of skills required lo meet the professional obligations of a Trustee. The induction and training of new
Trustees is also overseen by existing or continuing Trustees and includes introductory meetings, supply of inforrnation
conceming the history and purpose of the charity and availabilily of the existing Trustee5 to any questions new Trustees may
have.
RISK MANAGEMENT
The Trustees have considered the major risks the charity is exposed to and the main fom ol finanaal llsk faced by the charity is
that of volatility in equity markets and invesimenl markets due lo wder economic conditions. the ath"tud8 of inv8slors lo
investment risk, and changes in sentiment conc&ming equities and within particular sectors or syb sectors. Volablity in the stock
markets in recenl years has demonstrated this risk and the Trustees rnainiain an active Involvement with Ihtr portfolio rnanager
to ass&ss the investment profiles adopted and the performance of the charity's portfc>lio overall, as well as ￿tting aside
8ufficK9nt monetary assets within cash deptssits lo limit some of Ibe charity's exposure to stock market performance.
OBJECnVES, ACTIVITIES AND GRANT-MAKING
The Foundation's objects'ves were amended on 16 March 2006 to the relief of sickness and preseNation and protedion of good
health for the public benefit within the United Kingdom and Overseas in such manner or by such means as the Tru51ees in their
absolute discretion think fit. The restricted fund. Th8 Reg Burns Foundation, is to be used for the advanc8m8nl of educab'on lor
the public benefit wthin the United Kingdorn and Ov8rseas in such a manner or by such means a$ th¢ Trustees in their absolute
disorelion think fit. The Foundation's charitable activities usually take the lorrn of grants to cause$ or olh$r charities aligned with
the obj8Qtives ouilined above. To fulfill these objectives the Foundation is funded by its retum on investrnents, through dividend
income and by interest received in respect of funds held on deposit.
PUBLIC BENEFIT
Whilst reviewing the Foundation's aims, objgcliv88 and planning future activities, the Trustees always considerlhe Charity
Cornmission's general guidance on publi¢ benfjfil and ensure that the Foundation's activities a￿ in accordan￿ wlh the
charitable objectives. The charitable actimties undertaken by the Foundation, by their nature and th8 improvements the activities
have made lo many lives, are without doubt LJnd8rtak8n for the benefit ol the public.
Page 2

THE BROYST FOUNDATION
TRUSTEES, REPORT Icontlnuedl
FOR THE YEAR ENDED 31 DECEMBER 2023
ACHIEVEMENTS AND PERFORMANCE
During the year, the value of the fixed asset investments increased from £2,937,055 10 £3.095,893. The Trustees
actively monitor the performance of the investrnent portfolio lo comparable market infomiabon including Peer Group Averages
and overall investtnent conditions including global 8V8nts and economic stability. Whilst the decline in value following the
COVID-19 pandemic was disappointing, the portfolio has yi8ld8d improving income returns and o8pilal growih thergafter. with
the portfolio irncrea￿ng further sinee the year end al the limts ol signing this report lo bring il rror8 in line with pre-pandemic
values. The retum made on the Charity's investments during the year under review. log8lher with the reserves brought forward,
have enabled the Trustees to Sustain the Charity'5 activities and achieve its objectives, inor8asing the l&vel of grants rnade in
the year.
The Foundatim has supported approximately 70 diverse charitable organisation$ and individual$ in ne8d during th8 y8or under
remew using its general funds, wth a further 18 organisations supported from the Reg Bums Fund. Many of these organisations
are smaller in size and have shown greal appreciation to the Broyst Foundation ft)r the positive impact these grants have made.
FINANCIAL REVIEW
The Statement of Financial Actiwlies for the year shows a net surplus in funds of £141,96512022'. deficit of £430,381). whlch
has increased the accumuSated surplus of funds carried forward to £3.493,35012022.. £3,351,385). The net suryjlus is pnmarily
attributable lo the increase in value of the portfolio discussed eadier in the report. Income from investments has also increased
from £85,663 10 £100,898.
During the ye8r, grants were made lo a variety of causes in line wth the Charity's objects amounting to £98,70912022".
£105,800. A defiut of £28,209, before movement in Investment valuation, was ￿cOrded al the year end12022.. £48.4211 and
resin'cted lunds, restricted for the advancement of education. amounted to £1,110,86512022.. £1,055.Og51.
Given Ihe strenglh of the Charity's balance sheet, the Trustees are of the opinlon that the Charlty has no flnan¢ial un¢ertaintles
regarding the Charity's financial sustainability or ability to continue as a going concem, desprte the economie uncertainty arising
as a result of current events in Ukraine and fluctuations in the real value of Sterting.
RESERVES POLICY
The position of free cash reserves is reviewed annually as part of the reserves policy. The Trustees consider it prudent to retain
a minimum amount of cash resetves equivalent to four years, projected expenditure to equip the charity with the ability, for a
reasonable lime period, lo continue sup￿￿n9 those in need in the event of any unexpected substantial impairment to its
investment portfolio. Events in recent years have demonslrated ihe financial impact that can arise from a pandemic or war and
the time taken for the portfolio lo recover, not only in terms of balan￿ sheet value but also investment yield. The charity
currently targets annual grant expenditure of approximately £100,000, al the same time ensuring that the Chariws grants are in
accordance with the specific objectives laid down in the governing document. The Trustees also consider at each Trustees.
meeting whether any cash reserves arising in excess ol the minimum required in future could be moved into other investment
opportunities, taking into account the Charity's goveming document and objectives, whilst also maintaining a float of frèe
rgserves sufficient to accommodate any ad hoc grants that arise belween Trustees. meetings. As at 31 December 2023, the
cash balances amounted to £406,392, which is sufficient to meet the minimum amount.
PLANS FOR THE FUTURE
As described above, Ihe Trustees are conbnulng to concentrate on supporting the roliel of sickn&ss and pres¢Nalion an
prolection of good health together with the advancement ol education. To meet the Charity's objectives, the Trustee5 shall
continue lo review and manage the investments of the Charity and meet regularly to consider all grant requests ￿te1ved.
Page 3

THE BROYST FOUNDATION
TRUSTEES. REPORT Icontlnuedl
FOR THE YEAR ENDED 31 DECEMBER 2023
TRUSTEES. RESPONSIBILITIES FOR THE ACCOUNTS
Charity Law requires the Trustees to prepare financial statements for &aeh financial year which show a true and fair view of the
stale of affairs of thè Charity and its financial aclivities for that period. In preparing Ih05e financial statements, the Trustees are
required to..
select suitable acoovnling policies and then apply them congstently.,
make judgements and 8slimales that are reasonable and prudent..
state whether appliGable aowunlirvJ standards and statements tsf recomm8nd$d practic8 h8ve been followed, subject
to any departur8 disclosed 8nd explained in the financial slalements.. and
prepare the finan¢ial slalemenls on the going concem basis unless It Is Inappropriate lo presurne that the Charity will
continue in operational existence.
The Trustees are responsible for ke8piT¥J proper accounting words which disclose with raasollable accuracy at any time the
rinancial position of the Charity and to enable Iherll to ensure Ihal the financial statements comply with the Gharilies Act 2011,
the Charily (Accounts and Reports) Regulations 2008, Charities SORP IFRS 1021 and the provisions of the trust deed. They are
also responsible lor safeguarding the assets of the Charity and hence for taking reasonabk steps for the prev8nlion and
detection of frdud and other irregularities.
Approved by the Trustees on.......20 September 2024
.and &gned on their behalf by:_
C8
MSCSCOX
Trusloe
RRDLSHOWAN
TnJsl¢e
Page 4

INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE BROYST FOUNDATION
I reporton the accnunls of tho Twsl for the year endeLI 31 Dec￿ber 2023, lthlch ore set wl on pages $10 14.
Respectlvo rnsponslbllltles of the Trustees and Independént èxamlner
The Charity's Tnjstees are responsible for Ihe preparatlon ol the accounts. The Charit￿$ Twstees consider that an audit is rnt
requlred this year under section 144 ofth6 Charities Act 20111lhe Charilres Acr) and that an IndepeTrgent examlnatvjn iq
needed.
11 Is my responsibllity lo:
examlne the aeAxJnts under section 145 dthe Charftles Ac[
to follow the t￿￿uleS laid do¥*n in the general Directions glven by the Charlty Commission (under Sect¥￿ 145(Sllb)
of Ihe Chwities Act. and
to statèvtheiher particular matters have corng lo my attenlh)n.
Bas15 of Independent 0xamlnè￿S rèport
My examination was caThied out in accordance wth general DIrecti(X￿ given by the Charity Commission. An examinat
indudes a review of the accounting recx)Tds kept by the Charity a¢MI a compaiison of Ihe accx)unts presented with tlh)se recrrds.
11 a150 includes consideration of any unusual items OF dis(Josures in the accounts. and seeking explanaoons from the Trustèès
c￿￿mIng any suth fflarter& The Pl￿edureS undertaken do Mt provKl8 all th8 èvidents thal would be required in an aud
and cThisequenify Th) opSnlon is given as towhether the a¢wunts present a'tru& and falrf vlew and tho report 1$ limsled to tr￿e
matter5 set out in the statement bdow.
Your attention Ls drawn to Ihe fact that Ihe Charity ha5 prepared the accounts (financial statements) In aecordan¢è wth Ihe
rejevant version of Ihe Statement of Recommended Pr8Ctlce applicable to Challt￿s prepafing their accAyJnts in accordan￿ with
Ihe Financial Reporting Standard appFieablè in the UK 8fKI Republic of Ireland IFRS 102} irb relerence to the Am)untiw aTr
Re￿ting by Charities.. Staternent of Recommend￿1 Prn¢ti￿ issued cfi 1 April 2005 which is referred to in the extant
regulations but has been wthdrawn.
l uThJerstand that Ihi% has been done in ￿der for the aCc￿nts to provide a bwe and falrvlew In accordance with UK Genernlty
A￿pted A￿OU￿￿tyj Pradce effective for ￿pOrtIrtg per￿S beginning on or after 1 January 201S.
Inde￿ndent examln¥e$ statèment
In Cc￿r￿ticn wrlh my examination. no matter has come to ffly attentIc￿.
(11
%thich gives ffle reasonable cause lo believe that In. any materfal regpecL the requirements:
to keep 8ccounllng reo)rds In aC￿rdan￿ with Sec1h￿ 130 of the Charlues Aci and
to prepare acojunls ￿Sch accord wllh the arrnuntiTrJ recordg and comptywilh the accA)unting requkements of the
CharÈties Acl have not been met,
(2)
to vthich. In my op1n1￿, attenlth shotsld be dravm In order to enable a properunderstanding of the acc(MJnts lo be
reach&l.
Heather Cheesman FCA
Chichester Acu)unting
Chartered Acc4)untants
104 St￿kbrIdge Road
Chlchesler
Wesl Sussex
P019 8QP
Dale: ....
Page 5

THE BROYST FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
Note
2023
Total
2022
Total
Unrestricted
Funds
Restricted
Funds
INCOME ANO ENDOWMENTS FROM:
Investments
69,133
31,765
100,898
85,663
TOTAL
69,133
31,765
100,898
85,663
EXPENDITURE ON..
Charitabl8 acliwlies
87,610
24,090
111.700
116,399
Other
10
11,927
5,480
17.407
17,685
TOTAL
99,537
29,570
129,107
134,084
Net gains I Ilossesl on investments
116,599
53,575
170,174
1381,9601
Net incorne I l&xpendituro18nd nel movement in funds
86.195
55,770
141,965
1430,3811
Reconciliation of funds
Total funds brought forward
2.296,290
1,055,095
3,351,385
3.781,766
TOTAL FUNDS CARRIED FORWARD
£2,382,485
£1,110,865
£3,493,350
£3,351.385
All amounts relaie lo continuing activities of the charity.
The Statement ol Financial Activities includes all gains and losses recognised in the year.
The notes to the accounts are shown on pag8s 8 10 14.
Page 6

THE BROYST FOUNDATION
BALANCE SHEET
AS AT 31 DECEMBER 2023
Note
2023
2022
FIXED ASSETS
Investments
3 095 894
2 937 055
TOTAL FIXED ASSETS
3,095,894
2.937,055
CURRENT ASSETS
C•$h al bank and in hand
Investments
18,723
387 669
24.218
397 812
406,392
422,030
LIABILITIES
CREDITORS.. Amounts falling
due VAthin one year
NET CURRENT ASSETS
TOTAL ASSETS
The funds of the Charity
Unreslricled income funds
Restricted income funds
13
13
2,382,485
1 110865
2,296,290
1 055 095
TOTAL CHARITY FUNDS
The notes to the accounts are shown on pages 8 10 14.
The Trustees ackn￿edge their ￿SpOnsIbl11118s for complying wth the requirements of charity leglslation with respect to
accounting records and the preparation of accounts. The charity is subject to Independent Examination under eharity legislats'on
and the report of the Independent ExAminer 1$ on page 5.
These accounts were approved by the Truste85 on........?. O September 2024
.and signed on thelr behalf by'.-
MSCSCOX
Trustee
MR R D L SHOWAN
Trustee
Page 7

THE BROYST FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
ACCOUNTING POLICIES
Accounting Conventlon
The financial statements have been prepare(S in accordance with Accounting and Reporting by Charilies.. Statement of
Recommended Practice applicable to charities preparing their ao¢o(Jnts in accordance with the Financi81 Reporting
Sl8ndard applicable in the UK and Republic of Ireland (FRS 102) leff￿lIve 7 January 2019?- (Charities SORP (FRS
102)). the Financial Reporting Standard applicèble in the UK and R9publi¢ of Ire18nd (FRS 102) and Charities Act 2011
and UK Generally Accepted Accounting Pract￿Co. The financial statements have been prepar9d under the historical cost
convention, with the exception ol investments which are included 81 market value. The charity constitutes a public benefit
entity as defill8d by FRS 102.
The financial statements have been prepared lo give a 'ltue and laiff view and have departed from the Charities (Accounts
and Rewrtsl Regulab"ons 2008 only to the exlenl required to provide a 'lrue and lair view,. This departu￿ has evolved
following the relevant version of th& Stat8m8nl of Recomrll9nded Practice applicab￿ lo charities preparing their accounts
in accordance wth the Financial Reporting Stsndard applicable in the UK and Republic ol Ireland IFRS1021 raiher than the
Accounting and Reporting by Charit*s.. Stslemenl of Recommen(Sed Practice effective from 1 April 2005 which has since
been withdrawn.
The financial stalements are p￿sented In StetlitvJ, which is the functional currency of the Charity.
The accounts also cornply wih the Charity's goveming docuTnents. The accounts have been prepared on a going concem
basis as the Truslees have no material Un￿rtaIntieS aboLrt the Charity's ability to continue.
Chariti•s SORP Financial Reporting Stsndard 102- Reduced D18closure Exemptlons
The Charity has taken advantsge of the following disdosure exemptions In preparing these finan¢ial stslements, as
permitt8d by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of ITeland':
the r8quir8ments of SeCt￿n 7 Statement of Cash Flows.
Incomlng Resourc•s
All income is recognised once the Gharily has enlillernent to the income, it is probable that the income will be received and
the amount of incorne re￿iVable can be measured reliably. Interest on funds held on deposit is included when receivab18
and the amount can b8 measur8d reliably by the Charity,. this is normally upon noiification of the interest paid or payable
by the bank. Dividends are recognised once the dividend has been declared and notification has been received of the
dividend due. This is normally upon notification by our investment advisor ol the dividend yield of the investment portfolio.
Resources Expended
Expenditurè is accounted for on an 8c¢ru815 basis and has been classified under headings that aggregate all costs rèlated
to the category. Wh&r8 oosts cannot be directly attributed to particular headings they have been allocated to activities on a
basis consistent with tre us9 of resourc88. Irrecoverable VAT is charged to the Statement of Financial Activities when
incurred and is included wthin the expenditure category to which it relates. Support costs comprise those costs which ar8
incurred directly in support of expenditure on the objects of the charity and include governance cosl, finance, and officg
costs. Governance ¢o$ls are those costs incurred in connection with the compliance with constitutional and statutory
requirements of the ¢harty. Support and govem8rKe costs wholly relate to chariiable activiiies.
Fixgd and Current Asset Investments
Fixed Asset Investments are a form of basic financial instrurn8nl initially recognised al Iransadion value and subsequently
rneasured al their fair value as at ihe balance sheet date using the elosing quoted m8rkel price. The statement of financial
aclivili88 includes the net gains and losses arislng on revaluation and disposals throughout the year.
Page 8

THE BROYST FOUNDATION
NOTES TO THE ACCOUNTS Icontlnuedl
FOR THE YEAR ENDED 31 DECEMBER 2023
ACCOUNTING POLICIES Icontinuedl
Fix•d and Current Asset Investments Icontlnuedl
The Charity does nol acquire put options, derivatives or other complex financial instruments. All gains and losses arising
from fixed asset investments are taken to the Statement of Financial A¢tivits'es 88 they ari80.
Realised gains and losses on fixed assel investments are calculated as the diff8T8nc8 b81w8en sales proceeds and their
opening carrying value or their purchase value if acquired subsequent to the fiTsI day of th8 finanoial year. Unrealised
gains and losses are calculated as the difference between the fair value al the ye8r end and Ihtrir c8rrying value. Realised
and unreali8ed investment gains and losses are comblned in the StBtemenl of Financial Activities.
CiJrr8nl Asset Investments cornprise of savings with an original maturity of more than three months bul less than on8 y88r.
Rlsks and unc•rtalntl8s
The main forffl of ffinancial risk faced by the charity is thal of volatility in equity markets and investment markets due to
der economic conditions, the attitude of investors to investrnent risk, and changes in sentiment concèming 8qUlties and
thin particular 5eotors or sub sectors.
Cash at bank and In hand
Cash at bank and cash in hand include5 cash and short term highly liquid investments with a short maturity of th￿e
months or less from the dale ol acquisition or opening of the deposit or similar account.
cr￿ltOrS
Creditors are recognised where the charity has a present obligation resulting from a p851 event that wll probably result in
the transfer of funds to a third party and the amount due to settle Ihg obligation can be measured or estimaled reliably.
Creditors a￿ normally recognised at their settletnent atnount aft8r allowing for any discounts due.
Taxation
Th8 Broysl Foundation is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore il
meets the definition ol a charitable trust for UK income tax purposas. Accordingly, th8 Charity is potentially exempt from
taxation in respect of income or capilal gains ￿CeiVed wthin calegoriès wvered by Part 10 Inoome Tax Act 2007 or
Section 256 01 the Taxalion of Chargeable Gains Acl 1992, to the extent that su¢h income or g8ins 8re applied exclusively
lo ch8rilable purposes.
Fund Accounting
General funds are unreslricled funds which are avallable for use at the discretion ol the Trustees in furtherance of th8
general objectives of the charity and vthich have not been designated for other purposes.
Reslricled funds a￿ funds which are to be used in accordance wth specific restrictions impos8d by donors or which have
been raised by the charily for particular purposes. Restsicted funds can only bè usod for th$ advancement of education
and research.
The ¢osts of raising and administering such funds are charged against the speafie fund. The aim and use of each
restricted fund is sel out in the notes lo the financial statements. Investment income, gains and losses ar8 allocated to the
appropriate fijnd.
Page g

THE BROYST FOUNDATION
NOTES TO THE ACCOUNTS Icontlnuedl
FOR THE YEAR ENDED 31 DECEMBER 2023
ACCOUNMNG POLICIES Icontlnuedl
Slgnlficant Judgements and Estimates
The Trustee5 beliove there are llo significant judgements, estimatès and a55umplions that may have a maierial effect on
the preparation ol the financial statemenls for the year. All fixed asset investment are listed investments. No judgements
{apart from thoss involmng 8slirllalesl have been made in the process of applying the above accounts'ng policies.
Related Parties
There have ￿en no r8lated p8rty Iransacts'ons in the year that requlre dlselosure.
2 REALISED AND UNREALISED GAIN I ILOSSES} ON INVESTMENTS
Noto
2023
Total
2022
Total
Unrestricled
Funds
Restricted
Funds
Realised gainlllossl on investments
2,129
979
3,108
142.7011
Increas8lldecreasel in value ol fixed asset
investments
114,470
52,596
167,066
1339,2591
R8ali$9(5 and unrealis8d gain I Ilossesl on investments
3 FIXED ASSET INVESTMENTS
Thts split of investments between unrestricted and reslricled funds are as follows..
un￿strICted
Restricted
Total
Balance al 1 January 2023
Additions
Disposals
Revalu8lions
Net movement in cash depo￿lS
2,118,348
274,814
1280,2601
114,470
11911
818,707
126,271
1128,7731
52,596
188)
2.937,055
401,085
1409,0331
167.066
12791
Total 88 at 31 De￿rn￿r 2023
Page 10

THE BROYST FOUNOATION
NOTES TO THE ACCOUNTS Icontlnuodl
FOR THE YEAR ENDED 31 DECEMBER 2023
FIXED ASSET INVESTMENTS Icontinuedl
The split ol the investmenis between UK and Overseas are 88 follows..
2023
Total
2022
Total
UK
Foreign
Fixed interest securities
Index linked
Equi118S
Unlisted securities
Cash dep0511s
Altemative investments
438,521
137.245
575,766
431,5fj9
1.357.650
1,035,001
2,392,651
2,264,166
59,887
67,5
59,887
67.S90
60,166
181,154
Historical cost
CURRENT ASSETS INVESTMENTS
2023
2022
Deposit accounts
3&7ffj69
CREDITORS.. Amounts falling due within one year
2023
2022
Accruals
Other Cr￿lIOrS
8,902
33
7,700
INVESTMENT INCOME
Unrestricled
Fund
Restri¢ted
Fund
Total
Fvnd
Dividends- equities IUK and Non-UKI
Interest on cash deposits
59,179
9,954
27,191
4,574
86,370
14,528
Total as at 31 December 2023
£fj9.133
P8g8 11

THE BROYST FOUNDATION
NOTES TO THE ACCOUNTS (Continued)
FOR THE YEAR ENDED 31 DECEMBER 2023
INVESTMENT INCOME Icontlnued)
Unrestricled
Fund
R8Strict8d
Fund
Total
Fund
Dividends- equities (UK and Non-UKI
Interest on cash deposits
55,630
3,538
24,911
1,584
80,541
5,122
Total as at 31 December 2022
7 CHARITABLE ACTIVITIES
The Charity undertakes its chariiable aclivitEs through grants to other charities and indiwduals in furtherance of its
charitable activities.
2023
Total
2022
Totsl
Grants Support and
governan
costs
Funded from unrestricted funds
Fund8d from restricted funds
78,709
20,000
8,901
4.0
87,610
24,0
98,865
17,534
8 GRANTS
The split of grants paid b8iween other charities and individuals are as follows..
2023
2022
Grants mad6 to ins1ilulions187 x granlsl
Grants madè lo individuals11 x grant)
98,OCM)
709
104,800
1,000
The charity awarded grants to other charities and individuals for a variety of cau58s, all in line with the charity's objectives.
ALLOCATION OF SUPPORT AND GOVERNANCE COSTS
2023
Total
Fund
2022
Total
Fund
Unrestricted
Fund
Restricted
Fund
Governance C08ts
AccoLJntancy & bookkeeping fees
Independent oxarninalion fees
Provision ol Truslegs and adminislration
2,444
343
6.114
1,123
157
2,810
3,567
500
8,924
3,000
500
7,099
Total as at 31 December 2023
Pag8 12

THE BROYST FOUNDATION
NOTES TO THE ACCOUNTS Icontinuedl
FOR THE YEAR ENDED 31 DECEMBER 2023
10 INVESTMENT MANAGEMENT COSTS
2023
Total
Fund
2022
Total
Fund
Unrestricted
Fund
Rgslricled
Fund
Invesiment management costs
11 TRUSTEES. REMUNERATION AND BENEFITS
None of the Trustees have been paid any Temuneration or received any other benefits from an employment with the
Charity or a related entity. During the year. none of the Trustees were reimbursed12022.. £1441 directly in respect ol
Trustee meeting expenses.
12 NET INCOME
Nel income is stated after charglng..
2023
2022
Independent examination fees
500
500
13 ANALYSIS OF CHARITABLE FUNDS
Analysis of Fund Movements
Balance
Income
Expenditu￿ Transfers
Gains and
losses
Balance
Restricted fund
Unrestricted fund
1,055,095
2,296,2
31,765
69,133
129,5701
199,5371
53,575
1,110,865
116,599 2,382,485
Total as at 31 December 2023
Analysis of Fund Movements
Balance
fwd
Income
Expenditu￿ Transfers
Gains and
losses
88lance
tw
R8slrid8d fvnd
Unreslrioled fvnd
1.169,746
2,612,020
26,495
59,168
123.0011
1111.0831
1118.1451
1263.8151
1,055,095
2,296,290
Tolala5a131Decernber2022 £3Bu66. £8*￿_ ￿ L.
The r¢$lri¢led fund, The Reg Burns Fund, is restricted ft>r the 8dv8ncernenl of education for the public benefit within the
United Kingdom and Overseas
Page 13

THE BROYST FOUNDATION
NOTES TO THE ACCOUNTS Icontinuèdl
FOR THE YEAR ENDED 31 DECEMBER 2023
14 ANALYSIS OF FUND ASSETS AND LIABILITIES
Note
2023
Unreslrictsd
Fund
2023
Restricted
Fund
2022
Unrestricted
Fund
2022
R6stri¢ted
Fund
Fixed asset investments
Curfent assets
Current liabilities
2.227,181
158,796
13,4921
868,713
247,596
15,4441
2,118,348
181,248
13.3061
818,707
240,782
14,3941
Ll. j10.afj
15 RELATED PARTY TRANSACTIONS
There were no related party transactions arisirvJ for the y&8r under review. 12022.. None)
P8ge 14