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 TTh￿t 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 t￿gS for the Blind Association)
Action on H¢aring Lo&s (fornlerly Royat National Institut¢ for the Deafj
Livability (fornlerly John GToom's A$s￿latiOn for the Disabled)
Cancer Research UK (fornierly IM￿la] Cancer Reseatch Fund)
Helen Ho￿e 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 d￿th 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 TTh￿t are made at full meetings of all the trustees. Due to Covid
restrictions no forn￿1 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.

Ad￿fer$
Alastair Camemffj Chartered AccountanL is the Inde￿t 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 Tn￿t 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 c￿￿￿ty ¢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 Tr￿qt'S inVesth￿lts in 2021 amounted to £218,744 {2020: losses
£164,644) due to th¢ T￿0Very 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 P￿0Chi￿1 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 Tn￿e¢S
Richard Ho]man (Chairn￿)
2¥ 2022

Independent Examine￿8 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 Tn￿eS you are responsible for the p￿paratIOn 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 Ca￿led out in accordance with the General D1￿CtiOnS given by the
ChaTity Con)mission. An emmi￿Oll 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 M￿ters. The procedures undcrtaken do not provide all
the evidence that would be re￿llr¢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 exam1r￿ti0Tr I ￿Dfirnj thaL in the COUTse of my exami￿0￿ 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 statern￿t of reeommended practice for
acwunting by charities.
Re¢ognition ofincome ap￿ ￿nd1ft￿e
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 TrL￿t 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¢ d￿1ved 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° 0￿be[ 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