Clwity R¢gis¢ratiOll No. 298616 THE BRANDON ENDOWMENT TRUSTEES, REPORT AND UNAUDITED ACCOUNrs FOR THE YEAR EIYDED 31 OCTOBER 2024
THE BRANDON ENDOWMENT coNrENrs Report ofthe Tnths Independent Examiners, Report SLqtement of Financial Activities Balance Sheet Notes to the ACUnts &9
THE BRANDON ENDOWMEiYr TRUST INFORMATION Trustees: (Chairnian) Apw)inted 19 April 2( Treasurer Miss S Dangoor Registered Number: 298616 Principal Address: 6 Priory Field Drive Edgwate Mi(kllesex HA8 9PU Investment Managers: Walker Crips Stockbrokers Ltd Old Change House 128 Queen Victoria Street LA)ndon EC4V 4BJ Independent Examiner: Berish Hoffitwi FCA taudau Morley LLP 325-327 Oldfield Lane North Middlesex United Kingdom UB6 OFX Bankers: Lloyds Bank PIC 40 Rosslyn Hill Hampstead London NW3 INL
THE BRANtK)N ENDOWMENT REPORT FOR THE YEAR ENDED 31 ooBER 2024 of Jrd8Dd(FRS IW21 Irff1] ftca l jaDu2019). Consllbjtlo Awil 1962. Orl 31 fwmE¢r 2013. two rnainiD8 of Emest BTan¢k)n Will Thwn8Jndy Sitntin Oble¢tsof ¢b¢ ¢barlty lal The Spallish & P(WJc, fry theA8•1 (bl ThcJudith W MoDi¢fwtt Coll¢8¢ in Luthi. (GI Th¢ slsh & Po]ThgweJews' B0d0rUdl PtyxlThkrthhnasthsith & A¢hleveJneAts ptrfonuiee th8 th¢ year. the charity pa]d 7 8r t(AaUiDB £62.667 (2023.. 4 ItrtalliDg £59.tKKI). With tr¢ FliintlAI Rtyltw for Ibe ye•r £73.703 (2023.. £7&4891. ltt IknF%rec41wT•X8Di1ggir0f £799TII2011: IS0rlS61 Pybli¢ Btntfit StiteThent
REPORT OF THE TRusfE FOR THE YEAR ENDED 31 ocfoBER GrAnt MaklDR Po]ky R¢s¢rYu Po]l¢y mEintsinEd aTet1XrWestinthe1plla1 Capit end0v4L th¢Yrd& dwrL'tyb&8 ts t¢suvrs of£31.774 (2O23-$JrphQ(£l4368l. PIAW for the Fut¥ b¢ pted by the Boatd of E]dt¥s of CotsnAtsw frrAll their Jjumbes f a *rro of tbtee )ws. Tn ICThÈitjl AJYMwus H MutiD R¢¢ir¢d 19 A¥rf2024 Resi8oed 29J8Duwy2025 (h brhEif of the BoaTdof Tru¥te Fmort Page 2
THE BRANDON ENDOWMENT INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES IF THE BIiANDON ENDOWMENT I re[ to thc trust ott tny wmination of th accounts of Th¢ Etmlovnnent (the clwity) for th¢ yEar tj¢d 31 October 2024. RewTrnslbllldes and of report A8 the trYtets of thc £harityyou are re4M)nsll>Je fi)rtr prcparntI(0f ill accord with the requirements of the Charities Act 2011 (tt 2011 Act). I report iti r¢yt of my exami0 of the cbaritys ¢affiuI out stIOn 145 of the 2011 Act. In carrying out my examinatiOD I bave followpAJ all the alieabk Dirttl1 by ts Cbariry Conu10n undcr Section 145(5)(b) of th¢ 2011 ACL tndependent ex•mi#¢r'8 Sts¢¢nt Your attention is drawn kn the fari thai the ¢barity has prepared fjnallcial in with Accounting and Rwrting by Clwities prepari their a¢¢outtts in accord with the Financial Rcwrting Stslld8rd applicabl¢ ID thc UK and Republic ortreland (FRS 102) in preference to the Accownting #nd RepoEtins by Chan"ties: Ststetnent of Recomended Practice issued on l Aprtl 2CM)5 which is referred to in the extant retiOnS but has oow been withdrnwn. l understand that this ha8 b¢¢n done in order for the fo¢la1 statetn¢nts to provid¢ a true and fair view in ac¢ord4nce wkth the Generally Accepted AcccwtiDg Ptice efft¢tive for reporting periods beginni on or after l January 2020. 8ivillg cause to believe that io any uhjtuial r&spccr. ac¢oullLin8 records were not kept in respect of th¢ cknty ax Jwuir¢d by tIOn 130 of the 2011 A¢¢ or the accounts do not accord with tl%)8e rec(Kds' or the accounts do not CQ[lY with the applibk the fonll and content of accounts set out in the chariti (AcCots aThl Rg> Reguiauorts 21)08 other than any requirements I have no con¢ern and have come across Th) odwmatters ID contiOn the examniatioft io Tl¢h attrntion sIuld be BeTi8h Ho an FCA Landau Morley LLP 325-327 Oldficld L4ne North Middl¢8ex UB6 OFX Utiiied Killgdom Dated .J.8 1
STATEMENT OF FINANCIAL AcrtvrriEs R THE YEAR ENDED 3 BER 2024 FIDd5 Totsl InrstrDots 81.(I)3 81.(I)3 71219 454 71.219 454 Totsi Ineome 71.673 Chari¢8ble aetlvlti 70.504 5.985 76.489 Tot1 txptndltsr¢ 70.504 5.985 76,489 Net l¢xpellditsttl for tke yur Iw) 15.9851 14.8161 Other Reco818t Giln$ •lld IA) Profi{lO$%¢5) oll Vestl as%ty OaiDsllloss¢51 OD TVEttn of Iti IlJ25 68.447 11.525 61447 (111831 {59.7811 Illl831 159,781) Tots] Rtto¥ul¥td 79.972 79.9n 71.964 Ntt Movtml In Funthfor thtytr 16N6 71. 87.872 177.9491 176.7801 Totsl fi]ndslxou8bt f?d 171.030 1.55&586 1.735.616 175.861 1.636,535 1,812,396 TotAi funds r4ryird forward 193.836 1.629,652 1823.488 177 030 1.558.586 1735 616
THEB BALANCE SHEET AT I OCTOBER 2024 1.787.W28 1.719.065 Curytnt kn¢ts Clsb Ai ballk 59.(81 17.118 1&701 Current Li#biliti#: 150 NetCurYtDIAs*ts 35 16J51 1.735.616 Repyttentl. C•pitsl fMAds Im.652 1558586 Income 193.836 177.030 THE FUNDS OFTHE CIIARrrY 1.823.488 1735 616 The accounts were approved by the Tnjstees on................................... and signed on their bebalf by: F Martin Chairn]an Ms S Dangoor Treasurer
THE BRANDON EIYDOWMENT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2024 I. ACCOUNTINC POLICIES Basis ofpreparatio The financial stat¢m¢nts hav¢ in prqyartsl in accord with tkchariiies Act 2011 and-Acc04]nting aThd Re[In8 by Charities.. St&ttrni of Recommended Pracitce opplicabl¢ lo chariiies preparing their aOunts in accordance wilh the Financial Rwrting Shindard appILble in tk UK and Wlh¢ of IrelaThl IFRS 102}- (effecti l January 20191. The charity is a Public Benefit Entity as d¢fin¢d by FRS 102. AccouDting conventio The financial 5tatertMts have (kwed from tk applicable regulatiot)s only to tk extent requir1 to gtve a true and fair view. Thi5 departure has it>volved following ik Siatrment of P1¢t atxjve rBther than th¢ version which is refer1 to in the gulationS t4]I which sÈtK¢ kn withdrathi). The xcounts have tKeTh pretAr¢d on the histrrtcal c05t mlfied th incluth ¢¢rtwn fi[wlai inStnts * fair voiuE. Unre5tri¢t¢d funds are available for LW d ttK dIscMi of the TnLtrS in fi]rtIK of their charithble objective EnthTrWnt fimds a subj¢cl to sFcific conditions try that rapitsl maimaitKd by tk ttUsL Investment Intome All itLCOtn¢ is Tecogni5ed onLr th¢ charity has ent]tkrÈ to the there is sufficiart certainty of rec¢ipt and so li is probabl¢ that the intom¢ will k rec¢ii¢d and the attM)thit of inctyn¢ trK nusured reliably. Investment income Fcn included to the extrnt thttt it arise5 on tk fixcd am investttKnts held during tk yttr. ExpeMdk4re Charitable Eipenditu Chgritable expendilu compri5e5 ail exndi[re dIr]Y relating to the objectives of th¢ charity. EXnditre is accounted for on an accrua15 basi5 and is rccopjised wha) th¢r¢ 15 a legal orC4mL%lwt obligation to pay. All exw& including Sup[ atld govcmance Cos arr allated to the or Ch]ble aclivity in tk sthtenKm of rJnatt¢1 a¢iivities. Governlllee Costs Goverrwjce costs in the curr¢nt and witrye4r relate kn x£ountsw fees paid to tk Charitys fi Orinthdent Exatniner5. Support Costs Sllpwrt CO include Se¢Jttari f )Un ftts aE¥J otkn Trted for the and wjministration of the charity and have en allocated charithble atlivitie5 to lI]ch Ily rel*e 10. Payment to Trustees Th¢ TrUSS do tl TCive any remw%Nion or any rtimbuT5CllMt of ¢xFaw. Page 6
THE BRANDON ENDOWMEiYr NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 OCtOBER 2024 I. ACCOUNTING POLICIES {roAtiMuedl Debtors Trade and oth¢rd¢btor5 are recognised at the selllemttii 8moLmt du¢ after any trade discounts offertsl and pmwisio for bad and (k)ulxful de$. Prepaymertts Bre vgJu¢d at the amount prerAid tlet of any trad¢di5¢4xuts du Cash at bank Ind in h•lld Cash at bank in hand includes and 51M)rt terrtl highly liquid investhietsts a slM)rt T[rity of three tnottths or1¢s5 from the date of Mui51tion or oFnin8 of the (krosii or $imilaT xcounL IDvestmeDts Fixed &ss¢t investments are representrd on the bRIaT¢ at vaiuc. Surpluses or deficits valuation and sal¢s of invesÈments ar¢ credited or ¢hatg¢d in the Stakment of FitwKia] Activities. Creditors cditorS are re¢ognised where the Charity h&s a pres¢ni rtlilOn sUIting fNxn a past eveni that will probably resuli in the iransfer offunds io a third party and the amount to s¢ttl¢ th¢ obligatiotk can k rneas%Jrcd or estimat¢d Teliably. Credithrs aTe Irmly T¢rogni5¢d at their 5ettlemcni amount aftet lOw1ng for any tra(k discounts duc. strythr UnTestrithed funds are available to 5petMI on activities further any of the purrM)5e5 of the Charity. EtMIDwm¢Tht funds are sllbje¢t 10 S]fIc CoryJitior by &)tM>rs the c2pithI be MwNtain by the Charity. Policy And Prottdures Saf¢suardin8.I'his has b¢¢n JoMrd froEn the Charity Commissirn Guid4¢. Seriou5 incident rerA)rtin8-Thi$ been 8th)Pt from the Charity commissi¢ Guid8tKe. Internal risk m8nagement-Th¢ Tnwtts have a 1[CY in pix¢ to aUre corre£1 rwduTes a carried out before a grdnt is paid. Tru5tccs conflicts of inteTest-Any lflIct of inter&%t rn1 declarc4L in writi at the earliest W55ible mom¢nt. Investing charity funds-The Charity uses an Inv¢sttn¢nt Manager from a 11 kt)DWI Company to make the investments. Bi.annual rtLeetin8s are &Id with the Investment Managcr to monithr the iThvestm¢nts and to agree rxTrlkcy changes. Engaging in 1]lICal activity-The Charity ths rnt engage in any litiCal acEi¥iry w]wsoev¢r. Bullying and harassmeni.The Charity has adop¢¢d the pxilicy of r¢rK)rtiTh8 tel8tal tharity. namely Spanish & Portugutse Jtws Synagogue. Social Media. Charit). thKs rK>i 5jaI media promote its aCtitieS. Online communiclon$ beiween trustees L5 constantly king reviewed. In th¢ unlikely eveni of an utKxrKcted Sla1 m¢dwaua¢L the Chairnwl will corLsuli with the trustee5 on how to resrxjnd. Enga8in8 Extrrnai SFakeT5.The Charity d(xs wi ¢n88g¢ ¢xiemal $akn. Trustee TraÈnin8.The Charity will [rtiCipate with a relatthl tsity. rwn¢ly SrAnish & PornJ8uese Jews, Synag(y IO Provide training. Page 7
BRINN EN R2024 8ifyJ3 71219 454 71219 454 71 Cbrltble4ctivitir FLO.. xl2023." 41 37JW. IOJL iOJLWJ/ lo. / 22J 92Jl 22J gJ34 t67 BjznbaS 4.{ / 7YJ SUP1((¥¢¢Ja)IrtIOw) Gov))5{9ee ¥alFd>wl 9.656 5985 6.TJS 4•isuppowfcosTS IndlnctCb%t•ble Ewditsrr 750 1557.C 197232 OOÈJ41J IIJ 68.447 1.719 1972J2 (3)8J41) IlJ25 16I06Z 1.621.418 867.976 IS60.427) 112.1831 1.783.480 807.970 (B6Q.4271 112.1831 C11n8¢t Valt31# (ktobEr2024 162IO2 I5573 Atjl Octsber1O24 Splitofthe tnyutw 1,421219 1.447.574 .928 & EMPLOYEES
ED3J OBER2024 7 DEPOSiTSANDIA)ANS CRED[ro. AMOIiNTSFALUNG DiIE 27 27J17 31 Ortober 2024 79yr2 1629652 29.652 AT31 CfTOBER2024 Tots] I62,2 S9,1 1ffl5, I.787% 62.rn 27 162.062 I J57.IN)3 1.583 Cutr¢w lthibtt 1.719.065 18,701 177.030 11 REIATEDPAirnvs