The Nora and Olive Brewer Memorial Trust
Oiegistered as a charity, number 296988)
Trnstees, Report
For tbe year ended 31 December 2023
Governing Inftrument
Th¢ Oliv¢ and Nvra Br¢w¢r M¢morial Trust was estsblished by Trust D¢ed dat¢d 22 May
1987.
Objeclive
The primary trust is to pay the income arising from the trust fimd:
60 % in equal shares absolutely to the following charities".
Save the Childr¢n Fund
Guide Dogs (fom]erly Guide Dogs for the Blind Association)
Action on H¢aring Loss (forni¢rly ROY￿ National Institute for the D¢afj
Livability (fonnerly John Groom's Association for the Disabled)
Cancer Research UK (forni¢rly Imperial Cancer Research Fund)
Helen House Hospice
Th¢ remaining 400/0 to the Parochial Church Council of the Parish of Puthey 'Yor the
maintenance and ren¢wal of and additions to the Church buildings and their contents
within the said Parish other than the vicarage and the parish office"
BriefH&s¢ory
The Trust remained inactive until the death of Miss Olive Brewer on 8 December 1999, Miss
Nora Brewer having died carlier.
The sisters had left their interest in their family home in Putney to the Trust and this property
was sold in February 2001. Sal¢ proceeds of £1,535,000 were received by the Trustees on 12
March 200I and balancing distributions from the Estate of Olive Brewer of £23,516 during
2002.
Tpustees
The Trustees who held office during the year are:
Gerdld Allison
Michael Bull
Ben Helm
Richard Holman
Mark Leadley
Graham Shaw
All decisions of the Trust ar¢ made at full meetings of all the trustees. One m¢cting was held
in 2023. The investment sulTrcommitte4 consisting of three trustee& has continued to monitor
the perforn]ance of the charity's portfolio.
The power of appointing new trustees is vested in the continuing trustees.
RegisteredAddress
The regist¢r¢d address of the Trust is I l Genoa Av¢nu¢, Puthcy, London SW15 6DY.
Adviyers
Alastair Cameron, Chartered AccountanL is the Independent Examincr of the accounts.

The Trust's bankers are National Westsninster BanK I 11-117 Putney High Street. London
SW15 2LL.
The Trust has invested in nine charity common funds comprising fixed interesL equity and
comm¢rcial prop¢rty ass¢ts.
Public Benef
Thc Trust providcs public I￿nefit by giving substantial and consistent financial support to the
religious and community work of the Parish of Putney as w¢ll as to six well established
national chariti¢s.
Financial Report
The founding Deed gives th¢ Truste¢s '%he same full and unrestricted powers of investing and
transposing investments in all respects as if they were absolutely entitled to the Trust Fund
beneficially"
The Trustees. investment strategy is risk averse and is designed to maximise incorne while
protecting the value of the &ssets and seeking capital growth that at least equates with
inflation. The Trust is a long tern) investor.
Since the charity exists to distribute income and has few expenses it does not seek to retain
any reserves.
The income for the year amounted to £87,529 (2022: £81,395). The increase in income was
due to higher dividends being paid by the underlying investec companies. There were no
administrative expenses (2022: Nil) and all income is payable as grants.
Grants are paid annually in the autumn and comprise the Trust's income for the twelve
months to 30 September.
Unrealised losses on the Trust's investments in 2023 amounted to £502 {2022: losses
£168,463). Equity funds perforn]ed well but those invested in property saw a fall in excess of
60/0 during the year as a result of the rise in interest rates. The total value of Trust assets at 31
December 2023 was £1.912.117 (2022: £1,912,619).
Accounting Policies
The Accounts have been prepared under the historical cost convention.
Cr¢dit is taken for investsnent in¢ome in the Statement of Affairs in the year in which it
arises.
Grants made by the Trust are recognised in the Statement of Financial Affairs of the year
in which the income from which th¢y are paid arises.
Investments ar¢ shown at bid price at 31 December 2023.
Other information
The Trust its¢lf has no connection with any other charity, but Richard Holman, Graham Shaw
and Mark Leadley are members of the Parochiaj Church Council of the Parish of Putney ('the
PCC"), a beneficiary of th¢ Trust. The Trust Deed requires that at least two trustees shall be
mcmbcrs of th¢ PCC at all times.
Signed on behalf of the Trustees
Richard Holman (Chairnian)
18 ty 2024

Independent Examiner's report to the TrllSte￿ of The Norn Olive Brewer
Memorial Trust
I report to the Trustees on my examination of the accounts of the Tn￿t for the year end¢d 31°
December 2023, which are set out on pages 4 to 6.
Respective responsibAlities of Trustees and Examiner
As the charity's Trustees you are resp)nsible for the preparation of the accounts in
accordance with th¢ requirem¢nts of the Charities Act 2011. The clwity's Tn￿teeS consider
that an audit is not required for this year (under section 43(2) of the Chariti¢s Act 1993 (th¢
Act) as amended by s.28 of the Charities Act 2006) and that an independent examination is
ne¢d¢d.
It is my responsibility:
To examine the accounts (under section 43 of the ACL as amended);
To follow the proccdurcs laid down in the General Directions given by the Charity
Commission (under Section 43(7)(b) of the ACL &$ amended). and
To statc wh¢th¢r particular matters have come to my attention.
B&8is of independent examiner's report
My examination was carried out in a¢¢ordanee with the General Directions given by the
Charity Commission. An examination includes a review of the accounting rccords 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 pn)cedures undertaken do not provide all
the evidence that would be required in an audiL and consequently I do not express an audit
opinion on th¢ accounts.
Independent examiner's statement
I have completed my c￿9M1nat1on. I confirn) thaL in the course of my e￿qminatiOn, no matter
has come to my attention:
(i)
which gives me reasonable cause to believe thaL in any material respect, the Trustees
have not m¢t the requirements to ensure that:
proper accounting records are kept (in accordance with Section 41 of the Act)" and
accounts are prepared which agree with the accounting records and comply with
the accounting requirements of the Act
which raises any concern and to which, in my opinion, attention should be drawn in
order to enable a proper understanding of the accounts to be reached.
(2)
Alastair Cameron
Chartered Accountant
54 Chartfield Avenue, Putney. London SWI 5 6HG
Date".
2024

The Nora and Olive Brewer Memorial Trust
STATEMENT OF FINANaAL AcllvTrY
For the year ended 31 De￿rnber 2023
Notes
2023
2022
Incoming Resources
Investment income
86,092
81,261
Interest Received
1.437
134
Total Incoming Resources
87,529
81,395
Resources Expended
Grants
87,529
81,395
87,529
81,395
Net Movement in resour￿$
Realised gains / (losses) on Investments
Unrealised gains / (losses) on investments
(502)
(502)
1168,463)
1168,463)
Fund balance at l January 2023
1.912,619
2,081,082
Fund balance at 31 December 2023
1,912,117
1,912,619
All funds are restricted

The Nora and Olive Brewer Memorial Trust
BAIANCE SHEEf at 31 December 2023
2023
2022
Notes
Investments
1,903,476
1,903,978
Cash:
COIF Deposit Account
Bank Current Account
8.693
25,357
14,598
17.349
1,937,526
1,935,925
LIABILITIES
Grants payable
(25.408)
(23,3061
1,912,117
1,912,619
Representin8
FUNDS:
Trust Capital:
Restricted Fund
1,912.117
1,912,619
1,912,117
1,912,619
Approved by the Trustees on 18 Aly 21
Richard Holman
Michael Bull

The Nora and Oliv¢ Brewer Memorial Trnst
Not&4 to th¢ Accounts
For the year ended 31rt December 2023
ACCOUNTING POLICIES
Accot4nling com?ention
The fmancial statements have been prepared under the historical cost convention and
have been drawn up in accordance with the statement of recommended pwtice for
accounting by charities.
Recognition of income and expenditure
Investment income from charity common funds is recognised in the period in which it
is received. Deposit int¢rest is r￿ognIzed in the period in which it arises, on an
accruals basis.
Since the ternis of the Trust Deed require all incom¢ to Ix distribut¢d to specific
beneficiaries, grants made by the Trust are charged in the accounts in the period in
which the income from which they are deriv¢d is r¢cognized.
GRANTS PAYABLE
The total of grants payable equals the Trust's income for th¢ y¢ar. Th¢ distribution of
the income for the period from 1° October 2022 to 30th September 2023 was paid on
6 November 2023. The amount shown undcr Liabilities on th¢ Balanc¢ Shcet
represents fourth quarter income. which will be paid in 2024.
INVESTMENrs
Bid price value at l January 2023
1,903,978
Unrealised losses during the year
(502)
Bid price value at 31 December 2023
£1.903,476