The Nora and Olive Brewer Memorial Trust (R4¥tered charity. llMmber296988) Trustees, Report For the year ended 3J Deeember 2021 Governing Inytrunwnt The Olive and Nora Btewer Memorial TTht W&8 eslablishal by Tnlst Deed daled 22 May 1987. Objeclwe The Primory trust is to pay the inwme arising from th¢ In fund: 600/0 in equat shares absolutely to the followiDg clwities: Save the Children Fund Guide Dogs (fornierly Guide tgS for the Blind Association) Action on H¢aring Lo&s (fornlerly Royat National Institut¢ for the Deafj Livability (fornlerly John GToom's A$slatiOn for the Disabled) Cancer Research UK (fornierly IMla] Cancer Reseatch Fund) Helen Hoe Hospice The remai 4/ts to the Pan)cbial Church Council of the Parisb of Putney 'Yor the maintenance and renewal of and additions to the Church buildings and their contents within th¢ said Parish other than th¢ vicarage and the paTish offic¢" BriefHistory The Tn remained inactive until the dth of Miss Olive Brewer on 8 December 1999, Miss Norn Brewer having died earlier. The sisters had left their interest in their family home in Putney to the Trust and this property was sold in February 2001. Sale proceeds of £1.535,000 were received by the Trustees on 12 March 2001 and balancing distributions from the Fstate of Olive Brewer of £23,516 dwing 2002. Trwtees The TnLStees who held office duting the year are: Gerald Allison Michael Bull Ben Hehn Richard Holman Mark Leadley Grabam Shaw Anne Tuppen Peter Tuppen 12tk Veargley Died25.11.21 Died 02.04.22 All decisions of the TTht are made at full meetings of all the trustees. Due to Covid restrictions no forn1 meetings were held in 2021 but trustees regularly met infornmlly. The investment sukn)mmittee, CODSiSting of three trtLStees, has continued to monitor the perfonnance of the chariti¢s wtfolio. The power of appointing new tnLgtees is vested in the Continuing tntss. RegisteredAddress Thc rcgistered address of the TnLSt is I l Genoa AV¢ll, Puthcy. London SW15 6DY.
Adfer$ Alastair Camemffj Chartered AccountanL is the Indet Examiner of the aLYounts. The Trust's baDk¢rs are National Westm1[ I 11.117 Puthcy High StreeL London SW15 2LL. Th¢ Trust has invested in eigbt cl]arity comtnon fijnds comprising fixed intert equity and commercial propw assets and one general equity income fiuld. Public Benef The Trust provides publi¢ knefit by giving substsntial and consistent financial supw)rt to the religious and conunuDity work of the Parish of Putney well as to six well established national charAties. FinaAcialReport The founding Deed gives the Tn kn same fi] and unrestricted powers of investing and transposing investtnents in all w &$ if thcy We absolut¢ly ¢lltitled to the Tnt Fund beneficially-. The Trustees. investtnent strdtegy is risk averse and is designed to m&ximise income while protecting th¢ value of the &ssets and seeking capital growth that at ie&st equates with infiation. The Trust is a long tenn investor. Since the cty ¢xists to distribute income and has few exw]ses it will not seek to retain The incorne for the year amounted to £72.159 (2020: £65,968). The reduction in income was due to the fall in dividends paid by the underlying investee companies. There w&8 a £7 refund of expenses (2020: costs £Nil) and all income is payable &8 grants. Grants are paid annually in the autum and comprise the Tnjst's income for the twelve months to 30 Septanbcr. Unreallsed gains on the Trqt'S inVesthlts in 2021 amounted to £218,744 {2020: losses £164,644) due to th¢ T0Very of stock markets during the year, following the substantial Covid-thiven fau in 2020. The total value of Trusl assets at 31 Decemlw 2021 was £2.081,104 (2020: £1,862J30). Aceounlinz Policies The Accounts have been prepared under the historical cost convention. Credit is taken for investment Incon in th¢ Slalement of Affairs in th¢ year in which it arises. Grants made by the TnL8t are re¢ogDised in the Statement of Financial Affairs of the year in which the income from which they are paid aTises. Investments are shown at bid PTiC£ at 31 DeLzmkn 2021. Other informalion The Trust itself has no connection with any other charity. but Richard Holman and Mark Le9dley 9re members of the P0Chi1 Church Coimoil of the PAttgh of (*he PCC.?, . beneficiary of the Trust. The TnLSt Deed requires that at le&8t two tTh shall be members of the PCC at all times. Signed on EKhalf of the Tne¢S Richard Ho]man (Chairn) 2¥ 2022
Independent Examine8 report to the Trnstees of The Nor* 2nd Olive Bre)ver Memorial T¢ I report to the Trustees on my examithon of the aLwunts of the TTUSt for the year ended 31" December 2021, which are set on pages 4 to 6. Respeetive responsibilibes of Trnstees and ELqminer As the charity's TneS you are responsible for the pparatIOn of the accounts in acwrdance with thc rquirements of the Clwities Act 2011. The clMrity'S Trustees consider that an audit is not required for this year (UDder section 43{2) of th¢ Charities Act 1993 (the Act) as amended by s.28 of the Clwities Act 2(M)6) and that an independ¢nt examinalion is neede It is my te5ponsibility: To examine the accounts (UDd¢r section 43 of the ACL as amend). To follow the Pr(lureS laid down in the General Directions given by the ChaTity Commission (under Section 43(7)(b) of the ACL as amended)" and To state whether particular matters bave come to my attentio Bvdsis of independent euniner's ftport My examination Caled out in accordance with the General D1CtiOnS given by the ChaTity Con)mission. An emmiOll includes a review of the accounting records kept by the charity and a comp8Tison of the accounts Presented with those e0rds. It also includes consideration of any unusual items or disclosures in the account% and seeking explanations from the trustees con¢¢rnillg any such Mters. The procedures undcrtaken do not provide all the evidence that would be rellr¢d in an audi¢ and consequeErtly I do not express an audit opinion on the acc4)un Indepcndent ewniner's statement I have completed my exam1rti0Tr I Dfirnj thaL in the COUTse of my exami0 no matter has Come to my attention" (i) which gives m¢ r¢asoDabl¢ causc to k]ieve thaL in any rnakn1 respecL the Trust¢¢s have not met the requirements to ensure thaL" proper accounting records a kept (in accordance with Section 41 of the Act). and accoullts are prepared which agree with the accounling records and comply with the accounting requirements of the Act which raises any concern and to whicty in my Opinio attention should be drnwn in order to enable a pro Underst of the accoutts lo b¢ reached. (2) Alastair Cameron Chartered Accountant 54 Chartficld Avcnuc, Putncy, Lonth)n SW15 6HG Date: IlsL 2022
The Nora and Olive Brewer Memorial Trust SrATEMEP OF FINANaAL Acrivrry For the year ended 31 December 2021 Notes 2021 2020 Incoming Resources Investment income 72,158 65,894 Interest Received 75 Total Incoming Resour 72,159 65.968 Resource5 Expended Bank charge refund Grants 17) 72,166 65,968 72.159 65,968 Net Movement in resources Realised gains / {105ses1 on investments Unrealised gains / {losses) on investments 218,752 218,752 1164.6441 1164,6441 Fund balance at l January 2021 1.862.330 2,026.974 Fund balance at 31 December 2021 2,081,082 1,862,330 All funds are restricted
The Nora and Olive Brewer Memorial Trust BALANCE SHEEf at 31 December 2021 2021 2020 ASSETS Investments Notes 2,072,441 1,853,689 Cash: COIF Deposit Account Bank Current Account 12,469 17.378 10,211 14,179 2,102,288 1,878,079 LIABILITIES Grants payable (21,2Q6) (15,7491 2.081,082 1,862,330 Representing FUNDS: Trust Capital: Restricted Fund 2,081.082 1.862,330 2,081,082 1,862,330 Approved by the Trustees on Rlchard Holman Michael Bull
The Iyora and Olive Brewer Memorial Trust Notes to the Aeeounts For the yar ended 31st Deeember 2021 AccouKfJNG POLICIES Accounling corThention The financial statements have been prepated the bistorical cost convention and have been drawn up in accordance with the staternt of reeommended practice for acwunting by charities. Re¢ognition ofincome ap nd1fte Investment income from charity common funds is recognised in the period in Nvhich it is received. Detx)sit interest is recogni7£d in the period in which it atises, on an Since the tern of the TrLt Deaq require all income to b¢ distributed to specific b¢n¢ficiarics, grants madc by the Trust are charged in the accounts in the period in which the income from whith they ar¢ d1ved is recogni7£d. GRANfs PAYABLE The totsl of grants payable equals the Tr$t's incorne for the year. The distribution of the incomc for the pcriod from 1° 0be[ 2020 to 30 Sq)tember 2021 was paid on 8 November 2021. The amount shown under Liabilities on the Balance Sheet represents fourth quarter income. which will be paid in 2022. Bid price v81ue at l January 2021 1,853,689 Unrealis¢d gaiL8 d]ng the year 218,774 Bid pric£ value at 31 De£emt¢r 2021 £2.072.463