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2025-03-31-accounts

GEOFFREY BURTON CHARITABLE TRUST

ACCOUNTS

For the Year Ended

31st March 2025

Registered Charity No. 290854

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GEOFFREY BURTON CHARITABLE TRUST
31ST MARCH 2025
PAGE
TRUSTEES' REPORT 1 to 3
INDEPENDENT EXAMINER'S REPORT 4
STATEMENT OF FINANCIAL ACTIVITIES 5
BALANCE SHEET 6
NOTES TO THE ACCOUNTS 7 to 8
SCHEDULES OF INVESTMENTS 9 to 12
SCHEDULES OF GRANTS 13
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GEOFFREY BURTON CHARITABLE TRUST

TRUSTEES' REPORT FOR THE YEAR ENDED 31ST MARCH 2025

The trustees have pleasure in presenting their report and the accounts of the charity for the year ended 31st March 2025.

Legal Status

The Trust was formed by Deed on the 3rd December 1984 by G Burton and registered as a charity (number 290854).

Trustees

The Trustees who served during the year were as follows:-

E D Nash R E Nash K M N Oakes K Cooper (appointed 28th September 2024)

Principal Address

The principal address of the Charity is:

89 Stowmarket Road Needham Market Ipswich IP6 8ED

Legal and Administration

Bankers:

CAF Bank Ltd, 25 Kings Hill Avenue, West Malling, Kent, ME19 4JQ.

Stockbroker:

Charles Stanley and Co Ltd, 33 Lower Brook Street, Ipswich, IP4 1AQ

Solicitor:

Gotelee, 19 Deben Mill Business Centre, Old Maltings Approach, Woodbridge, IP12 1BL

Independent Examiner: Mrs R Unthank, 15 Thornley Road, Felixstowe IP11 7LA.

History, Objectives and Activities of the Trust

The Trust deed gives the trustees power to apply the income received from the capital invested in such a manner as they think fit for the benefit of any charitable object or purpose. The trustees have a policy of mainly supporting projects that will benefit Needham Market and its locality.

The trustees identify projects and organisations they wish to support usually from applications made speculatively by people or organisations. Grants are normally made to other charitable bodies, however, occassionally applications from individuals are considered. The Trust also has a policy of not responding to any correspondence unless it relates to grants it has agreed to make or to the general management of the Trust.

Page 1

GEOFFREY BURTON CHARITABLE TRUST

TRUSTEES' REPORT FOR THE YEAR ENDED 31ST MARCH 2025 (continued)

Management and Governance Arrangements

Two of the trustees have held office for over 10 years. The trustees are responsible for the induction of any new trustee which involves awareness of a trustee's responsibilities, the governing documents, administrative procedures, the history and philiosophical approach of the charity.

The trustees have assessed the risks to which the Trust is exposed. To date these have mainly related to investment management and these have been ameliorated by diversified portfolio management.

Procedures and Policy for Grant Making

The trustees meet quarterly to consider what grants they will make and to review any feedback they have received. Applications for grants are received by letter and e-mail.

The trustees have paid due regard to the guidance on public benefit in deciding who the charity should support. The majority of grants are made to other charities or voluntary organisations who are clearly operating for the public benefit.

Achievements and Performance of the Trust

During the year the trust has been able to continue its support to local charities. Grants have been awarded to Suffolk Accident Rescue, Chapter 82, Needham Market Community Chinwag, River Gipping Trust, River Waveney Trust, East Anglia's Children's Hospices, Needham Market Community Centre, Little Lifts, Oxygen Therapy Centre, British Wireless for the Blind and Guide Dogs for the Blind.

Financial Review, Investment Policy and Reserves

Income from investments is expended to support other charitable bodies and institutions.

There are no restricted funds.

The trustees aim to spend all net incoming resources of the unrestricted fund in the year in which they are received. Any surplus or deficit is added to or deducted from the reserve brought forward.

There is no requirement for the trustees to hold reserves, but the reserves held in the form of investments enable the trustees to continue to distribute income to charitable organisations.

Page 2

GEOFFREY BURTON CHARITABLE TRUST

TRUSTEES' REPORT FOR THE YEAR ENDED 31ST MARCH 2025 (continued)

Responsibilities of the Trustees

Law applicable to charities in England and Wales requires the Trustees to prepare Financial Statements for each financial year which give a true and fair view of the Trust's financial activities during the year and of its financial position at the end of the year. In preparing Financial Statements giving a true and fair view, the Trustees should follow best practice and:

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the Trust and which enable them to ensure that the Financial Statements comply with applicable law, regulations and the Trust Deed. They are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the trustees on the 30th September 2025.

…………………………………….. K M N Oakes

Date 30th September 2025

Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE GEOFFREY BURTON CHARITABLE TRUST

I report on the accounts of the Trust for the year ended 31st March 2025 which are set out on pages 5 to 13.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

The charity's trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 ("the Charities Act") and that an independent examination is needed.

It is my responsibility to

BASIS OF INDEPENDENT EXAMINER'S STATEMENT

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.

INDEPENDENT EXAMINER'S STATEMENT

In connection with my examination, no matter has come to my attention:

have not been met; or

Rosemary Unthank Chartered Accountant Felixstowe 3rd October 2025

Page 4

GEOFFREY BURTON CHARITABLE TRUST

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31ST MARCH 2025

Note
Incoming Resources
Investment income
2
Total Incoming Resources
Resources Expended
Charitable Activities:
Charitable donations
see page 12
Support Costs
Support and other costs
3
Total Resources Expended
Net Resources
Other Recognised Gains and Losses
Profit/(Loss) on disposal of assets
Profit/(Loss) on revaluation of investment assets
Net Movement in Funds
Balances Brought Forward
Balances Carried Forward		 Total
Funds
2025
27,419
27,419
17,838
6,010
23,848
3,571
710
13,608
17,889
529,686
£547,575		 Total
Funds
2024
25,819
25,819
17,600
5,767
23,367
2,452
-3,857
-216
-1,621
531,307
£529,686

Page 5

GEOFFREY BURTON CHARITABLE TRUST

BALANCE SHEET

31ST MARCH 2025

Note
FIXED ASSETS
Investments
2/5
Interest bearing mortgages - recoverable and secured
CURRENT ASSETS
Debtors
6
Cash at bank
CREDITORS - Amounts falling due within one year
7
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
REPRESENTED BY
Unrestricted funds		 2025
458,212
42,500
500,712
2,451
45,612
48,063
1,200
46,863
£547,575
£547,575		 2024
457,992
42,500
500,492
1,935
38,959
40,894
11,700
29,194
£529,686
£529,686

These Accounts were approved by the Trustees on the 30th September 2025.

Signed on behalf of the Trustees:

----------------------------------------------K M N Oakes

Page 6

GEOFFREY BURTON CHARITABLE TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2025

1. ACCOUNTING POLICIES

Basis of accounting

These Accounts have been prepared under the historical cost convention, with the exception that investments are valued at market value. The accounts are in accordance with applicable accounting standards, the Charities SORP (FRS 102) and comply with the Charities (Accounts and Reports) Regulations 2008 issued under the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 which under section 1A allows small charities exemption from preparing a cashflow statement.

The Charity constitutes a public benefit entity as defined by FRS 102.

Expenditure

Expenditure is included in the accounts on an accruals basis, except grants (see policy below).

Grants

Grants are recognised when there is a legal or constructive obligation committing the Trust to pay out resources and there are no conditions to be met relating to the grant.

Investment assets and income

Quoted investments have been valued at market value at the balance sheet date.

Unrealised and realised investment gains and losses are shown net in the statement of financial activities.

Investment income is recorded when receivable.

The cost of managing investments is shown in the statement of financial activities. Any costs associated with the sale or purchase of investments are accounted for as part of the sale or purchase price of the investments.

Unrestricted fund

Net incoming resources are used as far as possible in the year in which they are received. Any surplus or deficit is added to or deducted from the reserve brought forward from the previous year.

2. INVESTMENT INCOME
UK quoted investments
Other investments - interest bearing mortgages
Bank interest		 Total
2025
24,534
2,821
64
£27,419		 Total
2024
22,947
2,821
51
£25,819

Page 7

GEOFFREY BURTON CHARITABLE TRUST

NOTES TO THE ACCOUNTS (Continued)

FOR THE YEAR ENDED 31ST MARCH 2025

3. SUPPORT AND OTHER COSTS

3. SUPPORT AND OTHER COSTS
Independent examiner's fee
Investment management
Trustee expenses
Bank charges
4. RELATED PARTY TRANSACTIONS		 2025
1,080
4,870
0
60
£6,010		 2024
816
4,761
130
60
£5,767

Expenses paid to trustees were nil (2024 £130).

No salaries or wages have been paid to the trustees during the year (2024 nil).

5. INVESTMENTS

Movement in market value
Quoted investments
Market value at 1st April 2024
Acquisitions at cost
Disposals at opening value
Change in value in the year
Market value at 31st March 2025
Historical cost at 31st March 2025
6. DEBTORS
Accrued mortgage interest
Accrued income
7. CREDITORS - Amounts falling due within one year
Other creditors		 457,992
19,329
-32,717
13,608
£458,212
£460,553
1,560
891
£2,451
£1,200		 449,450
98,551
-89,793
-216
£457,992
£478,654
1,560
375
£1,935
£11,700

Page 8

GEOFFREY BURTON CHARITABLE TRUST

SCHEDULE OF INVESTMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

Market Profit/(loss) Profit/(loss) Market
Holding Cost b/f **value b/f ** **Acquisitions ** **Disposals ** on disposal on revaluation value c/f Cost c/f
AIA Group Ltd NPV
1,360 shares 12,025.00 7,232.00 701.00 7,933.00 12,025.00
AstraZeneca Plc
120 ord USD0.25 shares 9,899.03 12,814.00 691.00 13,505.00 9,899.03
Aviva Plc
2,334 32.8947368p shares 9,634.00 11,591.00 1,367.00 12,958.00 9,634.00
Barclays Plc
7,500 ord 25p shares 12,147.39 13,740.00 7,845.00 21,585.00 12,147.39
Bellevue Healthcare Trust Plc
6,555 redeemable ord 1p shares 10,332.18 10,239.00 10,144.51 -94.49
Blackrock Continental European
11,786.276 units 22,679.86 22,904.00 463.00 23,367.00 22,679.86
BP Plc
1,818 ord UDD 0.25 shares 9,768.08 -1,840.08 7,928.00 9,768.08
Charifund (M&G Securities) Plc
3,332.881 income units 52,123.87 48,529.00 2,074.00 50,603.00 52,123.87
Cordiant Digital Infrastructure Ltd
17,550 ord NPV shares 17,703.00 11,232.00 4,036.00 15,268.00 17,703.00
Carried forward 146,544.33 138,281.00 9,768.08 10,144.51 -94.49 15,336.92 153,147.00 145,980.23

Page 9

GEOFFREY BURTON CHARITABLE TRUST

SCHEDULE OF INVESTMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

Holding
Brought forward
GCP Infrastructure Fund
33,000 ord 1p shares
GSK Plc
1,200 ord 31.25p shares
Ibstock Plc
5,782 ord 1p shares
International Public Partner Plc
30,000 ord 0.001p shares
-4,000 sold
26,000 total
Ishares III Plc
4,218 shares
1,000 shares
5,218 total
Jo Hambro Capital
11,952.192 units
Lancashire Holdings
1,480 ord 0.5 US$ shares
Carried forward		 Market
Profit/(loss)
Profit/(loss)
Market
Cost b/f
value b/f Acquisitions
Disposals on disposal
on revaluation
value c/f
Cost c/f
146,544.33
138,281.00
9,768.08
10,144.51
-94.49
15,336.92
153,147.00 145,980.23
36,275.58
23,859.00
-330.00
23,529.00
36,275.58
15,682.84
20,503.00
-2,959.00
17,544.00
15,682.84
10,354.24
8,713.00
1,128.00
9,841.00
10,354.24
32,946.69
37,200.00
5,010.30
50.30
-3,120.00
29,120.00
28,553.80
30,243.06
37,171.00
9,560.85
1,587.15
48,319.00
39,803.91
15,165.00
15,598.00
50.29
1,077.29
16,625.00
15,114.71
10,491.91
9,161.00
-606.00
8,555.00
10,491.91
297,703.65
290,486.00
19,328.93
15,205.10
-44.19
12,114.36
306,680.00 302,257.22

Page 10

GEOFFREY BURTON CHARITABLE TRUST

SCHEDULE OF INVESTMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

Holding
Brought forward
Londonmetric Property Plc
4,859 ord 10p shares
M&G Plc
5,205 ord 5p shares
Morgan Stanley Fixed Income
1,250.165 units
Phoenix Group Holdings Plc
3,520 ord 10p shares
Primary Health Properties Plc
28,000 ord 12.5p shares
Redwheel Funds
277.2537 units
Segro Plc
949 ord 10p shares
Slater Investments Ltd
4,977.263 units
Carried forward		 Market
Profit/(loss)
Profit/(loss)
Market
Cost b/f
value b/f Acquisitions
Disposals on disposal
on revaluation
value c/f
Cost c/f
297,703.65
290,486.00
19,328.93
15,205.10
-44.19
12,114.36
306,680.00
302,257.22
10,381.53
9,873.00
-962.00
8,911.00
10,381.53
12,584.83
11,477.00
-1,145.00
10,332.00
12,584.83
27,000.00
27,254.00
87.00
27,341.00
27,000.00
24,831.83
19,452.00
665.00
20,117.00
24,831.83
24,369.95
26,250.00
14.00
26,264.00
24,369.95
25,000.00
22,713.00
3,594.00
26,307.00
25,000.00
10,850.59
8,577.00
-2,021.00
6,556.00
10,850.59
22,654.66
17,468.00
18,221.91
753.91
455,377.04
433,550.00
19,328.93
33,427.01
709.72
12,346.36
432,508.00
437,275.95

Page 11

GEOFFREY BURTON CHARITABLE TRUST

SCHEDULE OF INVESTMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

Holding
Brought forward
SSGA SPDR EFTS Europe
2,269 units
UBS AG
11,111 1.25% 15/12/25		 Market
Profit/(loss)
Profit/(loss)
Market
Cost b/f
value b/f Acquisitions
Disposals
on disposal n revaluation
value c/f
Cost c/f
455,377.04
433,550.00
19,328.93
33,427.01
709.72
12,346.36
432,508.00
437,275.95
13,667.09
14,039.00
851.00
14,890.00
13,667.09
9,610.00
10,403.00
411.00
10,814.00
9,610.00
£478,654.13 £457,992.00
£19,328.93
£33,427.01
£709.72
£13,608.36
£458,212.00 £460,553.04

Page 12

GEOFFREY BURTON CHARITABLE TRUST

DONATIONS

FOR THE YEAR ENDED 31ST MARCH 2025

British Wireless for the Blind
Chapter 82
East Anglia's Children's Hospices
Guide Dogs for the Blind
Little Lifts
Needham Market Community Centre
Needham Market Community Chinwag
Oxygen Therapy Centre
River Gipping Trust
River Waveney Trust
Suffolk Accident Rescue		 1,380
710
3,000
2,000
1,500
1,748
1,500
1,000
1,500
1,500
2,000
£17,838

Page 13