The Nora and Olive Brewer Memorial Trust (Registered as a eharity, number 296988) Trnst¢es' Report For the year ended 31 Deeember 2022 Governlng InrmnI Thc Olivc and Nora B W¢r M¢morial TTus¢ was ¢51abli5hd by Trust tkcd dat¢4122 May 1987. Objecllve The primary trust is lo pay the income arising from the trust fund: 60Yo in equal shares absolutrly to the following charities: Save the Children Fund Guid¢ Dogs (forni¢rly Guide tkngs for th¢ Blind Asswiation) Action on Hearing Loss (formerly Royal National Institute for the Deao Livability (fornlerly John Groom's Association for the Disabled) Cancer Research IJK {fonnerly Imttrial Cancer Research Fund) Helen House Hospice The remaining 41Y/o to the Parochial Church Council of the Parish of Putney "for the mainlenance and renewal of and additions to the Church buildings and their contents within thc said Parish other than the vicardge and thc parish oifjcc" BrlefHi&tory Thc Trust remained inactiv¢ until thc dcath of Miss Oliv¢ Br¢w¢r on 8 DK¢mb¢r 1999, Miss Nora Brewer having died earlier. The sisler5 had left their interest in their family home in Puthey lo the Trust and this prop¢rty was sold in February 2001. Sale proceeds of £1.535.000 were received by the Truslees on 12 March 2001 and balancing distributions from the Estate of Olive Brewer of £23,516 durin8 2002. Trustee$ Thc Trustees who held offjce during the year are: Gerald Allison Michael Bull Ben Helm Richard Holman Mark l.eadley Graham Shaw P¢ter Tuppen lan Yearsley Died 02.04.22 Resigned 31.12.22 All d¢cisions of the T are ma(k al full m¢¢tings of all the trustees. Two meetings wcrc held in 2022. The investment sub-committee. consisting of three tsustees. has continued to monllor thc pcrformanGc of thc charity'5 Portfolio. The power of appointing new trns*es is Vest in the continuing trustees. RegisleredAddress The registered addre&% of the Trust is I l Genoa Avenue. Putney. iA)ndon SWI 5 6DY.
Advisers Alastair Cameron, Chartered AccountanL is the Independent Examiner of the accounts. The Trust's bankers are National Westminster BanL I 11-117 Putney High StreeL London SW15 2LL. The Trust has invested in eight charity common funds comprising fixed intcrcsL equity and commercial property assets and on¢ 8en¢rdl equity income fund. Public Benefil Th¢ Trust provides public benefAt by 8ivin8 substantial and consi5tcnt financial sUPPOrt to the religious and Community work of the Parish of Putney as wcll as to six well estsblished national charities. finanelal Report The founding Deed givc5 th¢ Trustces'knc sam¢ full and unr¢stri¢t¢d pow¢rs of investing and transposing investments in all respects as if thy were absolutely entitled to the Trust Fund beneficially" The Trus*es' investment strategy is risk averse and is designed to mlMise income whil¢ protecting the value of the assets and seeking capital growth that at le&st equates with inflation. The Trust is a long tem investor. Since ihe charity exists to distributc incomc and has fcw ¢xpenses it does not seek to retsin any reserves. The income for the year amountcd to £81 J95 (2021.. £72,159). The InCre tn income was due higher dividends being paid by the underlying investec compani¢s. There were no administrative expenses (2021.. refund £7) and all income 15 payable as grants. Granls arc paid annually In the aulumn and compri% the Trusl's inwm¢ for th¢ Iw¢lvc months to 30 September. Unrealised losses on the Trusi's investments in 2022 8mounted to £168,463 (2021.. gains £218.752) due to generally negative stk mark¢t conditions during the year. The totsl value of Trust assets at 31 December 2022 w&s £1,912,619 (2021: £2,081.082). Aceounilng Pnllcles I'he Accounts have been prepared under the historical cost convention. Credit is taken for investment income in the Staiement of Affairs in the year in which it arises. Grants made by the Trnst a rceognised in the Ststrmcnt of Financial Affairs of the year in which the income from which they 8re paid arises. Investments are shown al bid price at 31 December 2022. O¢her informatlott 'I'he Trust itself has no connection with any other charity. but Richard Holman, Graham Shaw and Mark tkadley are membus of the Parochial Church Council of the Parish of Putney ('%he PCC"). a beneficiary of the Trust. The Trust Iked requires that at l¢ast Iwo trustees shall be membcrs of the PCC at all times. Signed on behalf of the TnteeS Richard Ilolman (Chairnian) 72 J4¥ 2023
Indep¢nd¢Dt Euminer's report to the Trnsteeg of The Nora and (Mive Brewer Memori21 Trust I report to the TCeS on my examination of the accounts of the Tn for th¢ y¢ar ended 31" December 2022. which are set out OD pages 4 to 6. RL8pe¢tlve ruponsibilities of Trnste¢s and Exarniner As the Charity's Trnslees you are resp)nsible for the preparation ofthe wunts in accordance with the requirnents of the Clwities Act 2011. The charity's TTUStee5 consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the Act) as amended by s.28 of thc Charitics A¢¢ 2(M)6) and that an independent examination is needed. It is my r¢sponsibility". To examine the ac¢ounts (under section 43 of the ACL as amended). To follow the procedures laid down in the Genernl Directions given by the Charty Commission (under Section 43{7Xb) of the ACL as amended). and To state whether particular matters have come to my attention. Ba$18 of IndepeDdeDt emIller's report My examination was carrid out in aCrdanCe with the General Directions given by the Chariiy Commission. An examination includes a review of the accounting rccords kep¢ by th¢ charity and a eomparison of the accounts prcscntcd with those records. It also includes onsideration of any unusual il¢ms or disclosures in the acwunts. and seeking explanations from the trustees ¢on¢ernin8 any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit. and Consequently I do not express an audit opinion on thc accounts. Independent evmiAer'J ststement I have completed my examination. l eonfirni thaL in the COUTse of my ex8mination, no matter has come io my attention. (i) which gives me re&sonable cause to belicve thaL in any material respecL the Trnstees have not rnct th¢ r¢quirements to ensurc thal: proper accounting records are kept (in ardane% with Section 41 of the Act). and accounts ar¢ prepared which agrec with th¢ accounting rccords and comply with the accounting requirements of the Act which rdi5es any ¢on¢¢rn and to which, in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be r¢ach¢d. (2) Alastair Camcron Chartered Accountant 54 Chartfield Avenue. Putney. London SW15 6HG Dat¢. Iq4k &1 2023
The Nora and Ollve Brewer Memorlal Trust srATEMENT OF FINANaALACTMTY For the year ended 311)ecember 2022 Notes 2022 2021 Incoming Resources Investrnent income 81,261 72,158 Interest Received 134 Total Incomin8 Resources 81.395 72,159 Resources Expended Bank charge refund Grants 81,395 72,166 81,395 72,159 Net Movement in resources Reali5ed 8ain5 1110ssesl on investments Unrealised 8ains I Ilosses) on investments 1168,4631 {168,4631 218,752 218.752 Fund balance at l January 2022 2.081,082 1,862,330 Fund balance at 31 December 2022 1,912,619 2.081,082 All funds are restrirted
The Nora and Olive Brewer Memorial Trust BALANCE SHEEf at 31 Drnber 2022 2022 2021 Notes Investments 1,903,978 2,072,441 Cash: COIF Deposit Account Bank Current Attount 14.598 17.349 12.469 17,378 1,935.925 2,102,288 LIABILITIES Grants payable {23,306} 121.2061 1,912,619 2,081,082 Representin8 FUNDS: Trust Capital: Restricted Fund 1,912,619 2,081,082 1.912.619 2.081.082 Approved by the Trustees on £3d 14 A) Rlchard Holman Michael Bull
The Iyora and Olive Brewer Memorial Trnst Not to the Aethunts For the year ended 3111 Deeember 2022 ACCOUNTING POLICIES Acco*nting conventio The financial 5thments have been prepared under the historicai cost convention and have been drawn up in accordance with the statement of recommended prnctice for ac¢ouniing by charities. Recognition of incom¢ and&yepile Investment income from charity Common funds ig Teco8nis¢d in the Friod in which it is r¢ceived. Deposit int¢rcst is recognizcd in the periTrl in which it arises, on an accruals basis. Since the ternis of the Trust Deed require all inwme to Ix distributed to specific beneficiaries. grants made by the Trust are charg¢d in thc acwunts in the rIOd in whi¢h the income from which they are derived is reGognized. GRANTS PAYABLE The tolal of grants payable ualS the Trust's income for the year. The distribution of the income for the period from 1$ October 2021 to 30, Septernber 2022 was paid on 8 November 2022. The amount shown under Liabilities on thc Balancc Sheet represents fourth quarter income, which will be paid in 2023. INVF.STMF.NTS Bid price value at l January 2022 2.072.441 Unrealised losses during the year {168,463) Bid Pri value at 31 December 2022 £1,903.978