The Bothwell Charitable Trust Financial Statements Year Ended 5th April 2021 Charty registration number. 299056
The Bothwell Charitsble Trust Financial Statements Year ended 6th April 2021 Contents Paga Charty Referer and Administratwe Details Trustees, Annual Report Indendent Exarniners Report Stslemènt of Financial ActivitEs Balance Sheet Stalemtrnt of Cash Fbws INCI re9) NeS to tha Fln8ncial Slaleff*nts 7-12
The Bothwell Charitable Trust Charity Reference and Administrative Details Year Ended 5th Aprll 2021 Charity registrdtion number Trust&es Mr Crispian M P Howard Mr Paul Janes Mrs TeSa J McGregcf Registered oifice 69 8urr811 Road Compton Newbury Berkshire RG20 6QX Indfjpendgnt Examlner Palmer Mccarthy Suite 70 C8pilal Business Centre 22 Cadlon Ro& South Croydon CR2 OBS Banke CAF Bank Ll 25 Kings Hill Avenue Kings HIN Wesl Malling Kent ME19 4JQ Investment manager WaU(er Cripg Stockbrokers Old CharvJe House 128 Queen Wictoria Street London EC4V 4BJ Charity r8glstratlgn number 299056
The BOthVlI CharTtable Trust Trustees. Annual Report Year Ended 5th April 2021 The Trustees present their report and the financial statemenis of the charity foi thè year ended April 2021. The twstee5 have adopied the provisions of the Slalement of Recommended Practice ISORPI 'Accounling and Reporting by Charities. {FRS 1021 in preparing the annual report and financial stalern&nts Of thg charity. The financial statements have been ppared in aceudance wrth the acCnting pcslicies s81 out in notes lo the accounls and compty wth the chairty's goveming document. the Charitiès Act 2011 ènd Accounting and Reporting by Charities.. Ststament ol Racommended Practice aPpIable to eharities prepanng their accDunls in accordance with the Financial Reporting Standard applicablè in the UK and Republic of Ireland published on 16 July 2014 las arnded by Update Bulleknn 1 publis1 on 2 F•bruary 2016). Trustees of the Charity The truslees who have 8erved during Ihe year and since the yw and wer• as foUowB'. Mr Cri5pian M P Howard Mr P8uI James Mrs Thèresa J McGregor Objective$ and a¢tlvitl•s The Charity's objectives are to benefft or thjrther su¢h charitable purposes, charitable institutions or charitable foundation5 in the Unrted Kingdom or elsewhe in such manner and in such PTOPOrtions as the Trustees may from lime lo lime in their absolute discretan deterfno. Fund-ra15ing Standards Information and Publ1¢ benefit statemont Tho charity d0•5 not fundraise. Financial r•vlew lincluding rthrv•s pollcy) The Charity again this year donatèd mwe funds that were 8etually received in its investrnents. However, due to the galns on the disposal ol the iestMentS and the revaluation of its inveslments to market value th& actual nel movernenls in funds were ¢nly a Surplus of £673.274 12020 deficit of £926.8881. Th& Investrnents are stTII in a strong p05ilKJn with a market valuo of £3.808,43012020- £3.150,317}. Plans for futurè periods ThB major key obje1Ve for th8 MIng year will b8 to continue otsr position in Ihe community and PTovide charitable donations lo those Charit selected ty the trustees. rrustees. re8ponslblllti¢5 The Intslees a responsiblè for preparing the Trustees, AnnLwI Report and the financial statemen15 in xcordance with applicabl& law and Unrtecl Kingdom Accounting Standafds (United Kingdom G&neTally Accepted Accounting Practice). The law applicable to chwities in EngLand & WalewNorthern Ireland requiTes Ihe trustees to ppare financial 5tatemènls for each fitlancial year gNe a (rue and fair wew of the stale of affairs ol the charity and of the incoming resources and applKation of reslIceS of the Charity for that period. In preparing thesg nancial slalernents. the trustees are required to.. 5elg¢t sutsable accounting pol92S and then appty them cortsislenlly," observe the method5 and piinciples in the Charilies SORP 2015 IFRS 1021.. make judgemerts and estimates that are reason8ble arKI prudent. stale wh&lher applicable aocounting standard5 have been folk)wed, subject to any material departsjres disc105ed and explained in the financrdl statements., prepare the firianckal statanents on the going concern 15 unths it ts inappropriate lo presume Ihat the charity will conlintse in operation.
The Bothwell Charftable Trnst Trustees, Annual Report Year Ended sth Aptll 2021 The injslees are respons)le f( keeping propel a¢¢ounling fe¢ords that disclose w61h reasonable accuracy al any tim¢ the finan¢ial ptssitiop. ol the ¢harity and enable U)em to ensyre that the finanrial slalemEnts cixnply with the Charitiés Act 2011. the Charities (Account5 and Reports) Regulations 2008 and the prowsion5 of IhE trust dee(l. They are also responsibltt lor Safeguarding Ihe asset5 01 the charity and hence for taking reasonable 51ep5 for the prevention and deteth.on of fraud arrfl other irwu*arth'e5. CmpHa Oale: - Trustee
The Bothwell Charitable Trust Independent Examiners Report to the Trustees of The Bothwell Charitable Trust Year Ended 5th April 2021 I report lo IhE charity trustees on my examination of the accounts of the chanty for the year ended 5th April 2022 which are set out on pages 5 to 12. Responsibllfties and basls of report As the charity's Irustees you are responsible fty the pral311) of thè aCCOLtnls in accordance wrth th requirements of the Charities Act 2011 1.the Acl'l. I report in respect ol my examination ofthe charty'5 accounts carried out under section 145 of the Act and in carrying out my exarnination I have followed 811 Ihe applicable Directions given by the Charity CommissKJn under se¢lion 14515llbl of the A. Indepèndent examlnerfs sLit•ment Your examlner musl be a member of a body listed in section 145 of the Act. I confirm that l qualified to undertake the examination because l a fflemtjer of Asscoation of Chartered Certrfied Accountants which is one ol tho listed bods. I have ccthpleted my exarninotion. l ¢onfim thal no maierial matter5 have come ¢0 nry attention In connectknn wllh the examin¢on giving me cause lo believe that in any materi¥l respeci.. accounting records were not kept in respect of Ihe charity as required by $e¢lion 130 ot th6 Act., or thts accounls do nol accord v4ilh those records,. or the ac¢ounts do not comply wilh the applicable requlremenls rnMIng the fom) arrtl conlenl of account5 set oul in the Charities IAccounls and Reports) Regulatn5 2008 other than any requirement that the accounts give a 'tr4te and fair view, which not a maller ¢onsth8d as part of an independent examinationl . I have no ccncems and have come acr033 no other rnattets In connection wilh the examingtion lo which aii8nlion $houW be drawn in Ihis r•port in tyder to enable a proper urmjerstsnding of the accounts lo b reached. Signgd.. slept J Hole ACCA Suile 70 Copit81 Bush78ss Centre. Cartton RoAd, Cwdon CR2 OBS Dale
The Bothwell Charitable Trust Summary Income and Expenditure Accoun Year Ended 5th ApTII 2021 2021 2020 Ild% Total Total Income and end0wmts from: Donations and lega¢ie5 Charitable actNlties Other trading activities Investments 131.328 131,328 153,534 Totsl Incom? and ondowmgnts 131.328 131,328 153,534 Expenditur• on: Raising funds Charitable activtts 1338.CKH)I 1336.0001 1351,0001 Other 119.1631 {19.1831 123,0781 Total exptndlturn 1355.1831 1355.1831 1374,0761 Nel gains l {Ios8es1 Investments 51.257 S1,257 153,0871 Net Incomè I lèxpendlturn) 1172.598 1172,5981 {273.6291 Other recognised galn8 I Ilassesl: G4ins I Ilossesl on rovaluati¢n of fixed assets 84S.872 845,872 1653,2591 Net mov•ment In funds 10 673,274 673,274 1928,8881 Rè¢oncÈlTation of fund$: Total funds brought fThard 10 3250.876 3,250.676 4.177,564 Total fund$ caryied fotward io 3.923.950 3.923.950 3.250,678 All income and expenditure ¢JerNe from continuing actwthe5. The stalemeni of financial activilie5 include5 all gains and losses recognised during the year
The Bothwell Charitable Trust Balance Sheet As At 51b April 2021 Fixed assets Investments 2021 2020 3.808.430 3.150,318 Current assets Debtors Investments 81,733 88.956 Cash It bank and in hand 40,091 30,430 121,814 119,386 Crèdltors: amounts 18lllng duo w51hln one year Net curront assgts I Illablllt1051 16.2941 119,0281 115.520 100,358 N*t a5s•ts I Illablllt1051 3,923.950 3,250,878 Charity Funds Roslricted funds Unrestricted funds 3.921950 3,250,678 Total ¢harity funds 11 3.923.950 3,250.676 The financK41 statements were approved and authl58d for issue by Ihe Board on ..... ......... ....2021. Signed on behalf ofthe board of trustees C H¢Mard, Trustee P Jamès, Tmstee T McGregor, Trustee The note5 fDmi part of these fin¥ncial Siatemwts.
The Bothwell Charitable Trust Notes to the Financial Ststements Year Ended V April 2021 Summary of significant accounting pofKlas lal Gèneral Infom)ation and basts of preparation Bothwell Charrtable TnJ5t is a registered charity in Engjand. The address ol the registered office 1$ given in the charf(y inlomalion page of these financial slalemenls. The nature of the charity, operations and prinopal activities are lo provide don8b.ons to other ¢harrt5es. The charity ¢onslf(utes a pvbk benefrt entity as defined by FRS 102. The financial statement5 have been prepared in accordance with Aecounling and Relrting by Charities.. Slalement ol Re¢ommerKled Practice applicable lo chanb.es preparing their a¢counts in accordance with the Finanek71 Reporting Standard applicable in the UK and Republ ol Ireland IFRS 1021 i55ued on 18 July 2014 las updated Ihrou9h Update Bullètin 1 published on 2 February 20161, the Financial Rtrporting Standard applicable in the Unrted Kingdom and Républic ol Ireland IFRS 1021. the Charities A¢t 2011 and UK Gen¢r&ly Accepkd Accounkn"ng Practice. The charity has appligd Upde Bulletirt 1 as published on 2 February 2018 and does nDt include a ash I& slalemenl on the grounds that rt is applyin9 FRS 102 Saction 1A. The finanual slalements are prepared cffl a going ncern basis under iho higlorlcal cDsl convention modified to include certain rtems al lair value. The financial stements are presented in slerlirtg which is the lunctuial currency of the charity. The slgnificanl accounting policies applied in ihe pr$paration of these financral statements are set OLrt bel¢)w. These poIleS have been con51Stently applied lo all year5 presented unles5 olhenvw slated. The charity adopted SORP IFRS 1021 in ihe ¢urrent year and an explanation tsf how Iransftion lo SORP (FRS 1021 ha$ 8ffeded reported financial positior and perfomiance Is given in rKile 42. (bl Fund8 Unre5trkted funds are avalab for use at the discr8*on of the trustees In furtherance of the genèr81 objectives of the tharity and which have not been deSnated for other purposes. Restricted fvndx are funds whrh a to be used in accordarKe with specffic reslrictk>ns imposed by donors or which have been raised by the charity for particular purposes. The cost of raislng and administering such fun¢ts are ¢harged against the specific fund. Thg aim and use Df each restri¢led fund is set out in the noles lo the 5tatemenis.
The Bothwell Charitable Trtsst Notes to the Flnancial Statements Year Ended P April 2021 Icl Incom& recognition All incoming reUrceS are indudJ in the Statement of Financial ActiVeS ISOFAI when the charity i% legally enlilled to thè Income after any performance conditions have been met. the amount can be measured relKabty and it k% probable ihat the incfft will be rèceived. For donations to be recognssed Ihè charity will have been nolified ol the amounts and the settlement date in wrbtinG. If there are conditson5 attached lo the donatton and this fequire5 a level of porfornance before entitlement can be obtained then income is deferred until those conditions are fully mel or Ihe fulfilment ol ihosg conditions is Wrthin the contfDI of th8 charity 8nd rt is probable that Ihoy will be fulfilled. Donated faCltIeS and donated professional seMce$ are recognised in income al their fair value when Ih8ir economic ben8fit is probable, it can be measured reliably and the charity has Control over the item. Fair value is déiemined on the basis of the value of the gift to the charity. For example the amount the charity WOLtld be willing to pay in the op8n market for such facilities and seNices. A corro8ponding arnounl ks recogn in expendrtur8. No amount is included in the financial statements for volunlew time in line with the SORP IFRS 1021. Further detail is given in Ihe Trustees. Annual Rport. For legacies, antitlemènl is the eaflier or the charity bèing notifd of an impending distribution or the legacy being re¢eNed. At this point irKorne ts reco9nised. On ottasion logacies will b¥ notsliad lo the ¢h8rity however it is not possible to m8a$ure the amount expected lo b? distributed. On thgse occaSns, Ihe18gacy is treated as a contingeni assei and disclosed. Investsrnl incm Is earned through holding assets lor investment puiposes sueh as shares and property. 11 inclu(fes dNidend$. interest and rent. Where it is not pra¢ticable to identify investmonl management costs incurred within a scheme with reasonable accuracy the inv&5tmenl income is ported net ol these costs. 11 is included when the amounl Gan be ffiea5uied re5th1y. Interest income 18 re¢cgnise(l using the effective Inte$t nwlhod and dwitjend and rent Incorne ss rgn1$ad as the charity's righl lo receNe payment is established. {dl Expondlturo recognhion Al expénditure 15 ac¢ounted for on an aceruals b#5is ond hag been dassified undor headlng5 that aggregate all costs related to the cegory. Irrecoverab VAT is thalged as an expense against the activtty fÉv which •Xnditre aro$e. lel InVestmts Investments a recognwj mitialty at fair value which ts nc*m¥ty thè transactlon price excluding trans¥tioft costs. Subsequently, they are measwed at fair value with changes iecognised in 'nèt gains I Ib55esl on invèslmènt5' in ihe SOFA if the shares are publidy traded or their fair value can trlherwise be mèasufed reliably. thr investments are measured 31 cosl less impairment. Current asset investments are short tem highty liquid investmenls and are hetd at lair value. These include cash on dep051t and cash equivalents wth a maturity of less than one year. 10 Debtors and cre(litors recelvable I payable withln one year Debtors creditors with no ststetf irterest rale and recewable or payabIe wrf(hin one year are recorded at transaction price. Any losses arising from 1rnpaimDI are recognised in expenditure.
The Bothwell Charitable Trust Notes to the Flnancial Ststements Year Ended 5th April 2021 Igl Provlslons Provisions are cOgnised when the charity has an obligalton al the balarlce shgel dale as a re5Urt of a pas: event. rt is probab that an oufflow of economic benefits will be required in settlement and the amunl can be relkqbly eStnated. Ihl Tax The ¢hanty 15 an exempt charity wiU)i) the meaning of Schedu 3 of the Charities Act 2011 and is considert to pass the tests sel out in Paragiaph 1 Schedule 6 Finance Act 2010 and Ihgrafore (( mtrets the definilKin of a charitable company for UK coimtion tax purposes. lil Going concern The financial stalements have boen prepared on a goin9 concern basis as the Iruslee8 believe Ihat no material uncertainties exist. Thè trustees have considered the level of fund5 held and the expected lev&1 of income and expenditure for 12 months Irom authorising these financial stslem&nls. The bud9eled income and expènditurs 1$ sulfKient wrth the level of SelVeS for the charity lo be able lo continue as a 90ing concem. Income from Inv8stm•nt8 2021 2020 Dividends- equili•s 81.874 90,461 Inieresl- interest bearing securitigs 21.809 28,042 Oversea$ tXvid8nd$ and Interest 27,845 35,032 131.328 153.535
The Bothwell Charitable Trust Notes to the Financial Statements Year Ended 5th Aprll 2021 Analys1$ of expenditurè on charitabl? activitie5 2021 2020 Ch ritab Don Children's causes 64.0 97.000 Hospices S2.000 20.QOO Other C•us85 10,000 15.000 medic Research 83.000 120.500 Disabilty I sla1 Wo 127.000 98.500 336.000 351,000 Gov•rnance costs 2021 2020 Truste8 remuMratK>n- aCntan¢Y fees TnJslee expen$g5 780 Auditorfs relneratI)n 3,300 Independent Examiner Fe 1.800 Invesknenl manager fees Bank Chaiges 17,247 18,953 73 19.183 23,076 Auditorfs remun•ration I Indepèndent Examinèr The auditorfs Temuneraln amounts to a fee of £nil12020- £3.300). The Independent Examinerfee anUnIS lo £1,800 12020- £nil). 10
The Bothwell Charitable Trust Notes to the Flnancial Statements Year Ended V April 2021 Trustees. and key managem&nt personnèl remuneration and expenses The reimbursement ol Iru5tee'$ expenses was as follws.. 2021 Number 2020 Numbor 2021 2020 Travel and Subsi8t8n¢e 50 11651 Ac¢ountsncy lees 750 585 FIX asset investments Investments 81 fair v¥lu& ¢ompromise'. 2021 Equities 2.092,818 s8ritIes 857,511 Other 856,101 3,808.430 The falr valLte of listed investments is defemiined by referen¢e lo the quoted for Ident81 as5els in an active market at the balae $heei dal•. Valuaknn prwtd by Vvalker Crws Stockbroker5. Current a$set in¥estments 2021 2020 Short term deposits 81.733 88.9 81,733 89.956
The Bothwell Cheritable Trust Notes to the Flnancial Statements Year Ended 5th April 2021 Crgditors: amounts falling due WFthin one year 2021 2020 Auditors remuneralion 3.300 Independent Examiner Fee 1.800 Tru51ees Accountancy fee and expenses Bank Charges 914 14 14 Investrnent man•gerfees Donation¥ 4,480 4.800 6,294 19,028 10 Fund ryonclllatlon Unfestrtcted fund# 8aYance at slart dale Gains I 11055esl Inme Expenditure Balance al ond dal& UnrestrKted 3,250.676 131,328 1355,7831 897,129 3.923,950 11 Analysls of net assets between funds Total Fixed a55ets 3.808,430 3,808,430 Cash and cUrnt investrnenis 121,814 121.814 Other current assets I liabli itie5 (6.294) 16.2941 Total 3.923.950 3.923,950 12