Registered Charlty No326126 THE HENRY AND CHRISTINE ARMITAGE BuRTRUST REPORTOFTHE TRUSTEESAND UNAUDITED FINANCIAL STATEMENTS FOR THEYEAR ENDED 5TH APRIL2024
CONTENTS Page General Informatio Trusiee& report In(Sependeni Examinef 5 Report Staiemeni of Flnanclal Aciivsfies siaiemenr of Flnancial Posltlon Noie5 10 Ihetinanciol staiernents 8-11 gel
GENERAL INFORMATION Background The Irusi deed wa5 executed on 16th Ociober 1980 ty Mr. Heniy Burttto fund a Charityfor particular purposes connectedwlth IhE Soclelyof Frlends. The Henry and ChriStir Armitage BurttTrust wès regi5teied a5 a charity on 1st June 1982 (number 3261261. Objects The objects of the Charity areto apply such of the income as theTrusiees deiermlne forthe bpneffr of The Retreat, Yolk. la non-piolit making Reglstered Nursing Horne) providedthat lis admlnlsiratlon shallcontinue to beve5ted In members of rhe Soclety ol Friends. and secondly. ro make grants to meetings of the Religious Society OY Friends foi the purpose ol appointlng re5identwaFden5 andio enable members'lravelllng In the Minisiry'to receive ihelrtravelllng and oui-of-pocket expenses. Should IheTru5tees ceaseto apply the income forthese puip05e5.the Caplial and Income ol Ihe Charlty Is to be held In tru5tfDI the Society of Friends. Following recent changes atlhe Rieat. whlch no longer operates as a resldeniial home. an appllcaiionto the Charrtles Commisslon io change ihe object5 15 underconslderation. This Is being held up pendlngihe Commlsslon revlewlng Ils procedures iegardlng such change5. Tru5tee5 Roger john Butler IExecthiveTrusieel Roger Buni IEx&cutl¥e Trusieel David Howard IExe¢uisveTiusteel Martin Louiswood Sam Gibson ClovaTownhlll Jarnes Gwatkln IAppolnted 4th Ociober20231 Thechartty's ReOsteredAddie5S clo 2 Malesisc Court. Queen5Valley. Ramsey. Isle of Man IMB ING. Bankers Natlonal Westminstei Bank, 27128 Sl Peters Hill, Graniham. Llncs, NG316 QG. 5tockbroker5 andlnvestment Manager5 Canaccord Genultywealth Managefnent. 41 Loihbury. London. EC2R 7AE. Independenl Examiner Nlall Klngsley FCA. Duncan & Toplls Holdlng5 rnIted. 3 Casiiege. Grafflharn, knfic5 NG316SF.
REI>OATOFTAETRUSTEES FOR THE YEAR ENDEDSTH APRIL2024 The trustees preseni their annual Feport andflnanclal statements of rhe charltyforiheyear ended Sth April 2024. Theirusiees have adopterfthe provlslons of Accountlng and Reporting by Charitie5.' Statement of Recommended Practlce appbcableto chari11es preparingihelr accounts In accordance wtth Ihe Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS IU21 leffectfve i January 20191. OBJECTIVES AND ACTIVITIES lintluding reporting for public benefltl The otilects of the Charity are to applysuch of the Income asthe Tiustees detemilneforthe benefit of The Retre. York, la non-prolll maklng Reglsteied Nursing Homel providedlhai lis adminlstiaiion shall continue to beve51ed In membeis OY the soCetY of Frlends. and secondly, to make granis to meetings of the Religious &)cietyof FrIerts forthe purpose of appolntlng 12sldent warden5 and to enable members travelling inthe Mini51ry" io receivetheii travelllng and oul-of-pocket expenses. Should the Trustees ceèse to applyihe Incomeforthese purposes. the Capllol and Income ol Ihe CharllylStD be held In1ru51 for the Society ol Frlend5. Followng receni change5 ai 1he Reir¢ai. whlch no longei operates a5 a residenrial home. an appllcaiion to the Charrtles Commlsslon to Change the objects Is under consSderatlon. This is beingheld up pendlngthe Commlsglon iewIng115 procedures regardlng such changes. The irustees have paid due wegardto guldance Issued bythe Charty Commlsslon In decldlng what activhies the charity should undertake for the publlc benelSt. GAANt MAKING POUCY The iiu51ees' policy Isto onlydirIbute Income Iforwhich purpose they regard Investment managemeni cosis as a charge io ¢apltal account). Reque5tstorgranis are iecelved duringiheyear and consldered byiheTrust2es at the annual geneial meetlng. ACHIEVEMENTSAND PERFORMANCE The Charity geneiated 5ufftcieni income from its inve5trnents duilngihe yeai to enable grants to be consldered foi paymeni after 1he year end. FINANCIAL REVIEW The Charlty's income Is entlrelyrellant on re1ums from11s Investment5. The trustees, pollcy Isio only dlstrlbute income. Durlng theyear graiits were rnadetotalllng £18.50D12023£5,5001. Inve$tmeM poIKyand performance Thetru5tees' Invesimeni pollcy Is to balance rhegeneratlon of Income. io enable the trustto fulfll it5 objects, wtth the deslreto rnaintain and Impiovethe capiialvalue In ordei thai thetru5t can be susiained In the longerierrn. The Income ha5 Increased by 11gt compared 10 Ihe preou5 year. and fhe capital value of the ponfollo Ilncludlng monle5 held on deposrtl has Incieased by6%. The Irusiees, Invesiment pollcy Is a longterm one. Thtyfeel that tnafk*s can never be tlmed conslstenily and successyully and RESERVES POLICY Thetru5Tees alm to malntaln the reserves and only disirlbuie income. TheTrust does have the ablltyto tli5trlbutefrorn Gapital. deemed netÈ55ary. Where possible. however, we aim to distribute from income In ordÈr to protect tFie long-term purchasing power of The capital.we are. however, prepared to disiiibute capitallor specific proiecis if theyare deerned to be approprlaip. Page 3
STRUCTURE.GOVEFINANCE AND MANAGEMEMt Gi)vernbngdocument The trust deed wa5 executed on 16th October 1980 by Mr. Henry Burttto fund a Chariryfor pariicular purposes connectedwtth thesoclety of Friends. Orgzn15atiorbal structure TheTrustees who seNed durlngthe year are deiaiied Dn page 2. The number ofTrustees must not be lessihanfive or more Ihan elght. and two orthree of their numbei may èe appolnted io act as ExecutweTrustees to deal wlththe ordlnary administrafjon of the Charity. Thetru5tees dlscuss any mailers arlslng on ihe charity'5 affalrs ihrough correspondence and Meet annuallyto con51der requests torgranis, the accounts and other matters. Alltrvsiees wve ol theirtlrne freely and no tru51ee iemuneraiion wa5 pald intheyear. t)etails of Irusiee expenses are d15c105ed in note 7t0 thefinanclal steMents. Risk managemenl The only rlsk taced byihe charity Iles In the performance of Investment5. ED ON BEHALF OFTHETRUSTÈES BY ROGEA BUTLER EXECUTIVETRUSTEE DATED '. P•y4
INDEPENDENfEX4MINERS REPORTTOTHE TRU5TEE5 OFTHE HENRY AND CHAISTINE ARMITAGE BURrtTRUST Independent examiner's report tothetru5tee5 of the HenryandChrisllneAmiltage 8urtlTrust I ieport10 the charrtytrustees on my examlnatlon ol the accounts oflhe Henryand Chri5tlne Armltbge Burtt Trustforthe year ended 5 Aprll 2024. Resp0tt51bllilies ond basls of report As the thdriW5 trustees you are responsible for the PTeparation of the accDunt5 in accordarKe with the requirements of the Char1tr25 Act 20111-the Act"). I report In respect of my examination of the charity's accounts carried out under section 145 of the kt and in carrying out my examlnation I haveiollowed all appllcable Directions gen byihe Charlty Cornrnission under sectlon 14515llbl ol the Acr. IndEpEndent examinerts statement I have completed my examination. I confirm that no rnateTial matters have come to rny attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the Act.. or the accounts do not actord with those recor(L. or the accounts do not comply with applicable requirements conrning the form and content OF atcount5 Set out In the Charities (Accoun15 and Reports) Regulations 2008 otherthen any requlrement that the accounts give a 1rue and fairvlewwhich Is noi a matt CQn5idered as part of an Independent examination 5 Iiave no concerns and have CQTne across no othei matter5 in connection with the e¥amination to which attention Should be drawn in the repon In order10 enable a proper undeistandingof ihe accounis io be reached. Niall Klngsley FCA Duncan & Toplis Holdings Mited 3 Castlegate Grantha Lintoln5hire NG316SF Daied-. 0211012024 tr5
STATEMEMfoF FINANCIALACTIVITIES FOR THE YEAR ENDED STHAPRIL2024 Note 5th Aw112024 5thApr112023 INCOME AND ENDOWMEMfs FROM: Invesrmeni income 28.926 26,014 TOTAL 28.926 26,014 EXPENDITURE ON Ralsingfunds 12,567 21.036 12,401 6,704 TOTAL 33,603 19.105 14.6771 6,909 NETGAINSIILOSSESI ON INVESTMENTS 102.059 1109,3551 NETINCOME IIEXPENDITUAEI FOR THEYFAR AND NETMOVEMENTIN FUNDS 97,382 1102,4461 TOTALFUND5 BROUGHT FORWARD 1.398.199 1.500,645 TOTAL FUNDS CARRIED FORWARD £1,495,581 £1.398,199 The nDtes on pages 8 to 11 form pan of these accounts Pa8• 6
STATEMENT OF FINANCIAL POSITIONAT5TH APRIL21Y24 Noie 5th Apr112024 5thApri12023 FIXED ASSETS.. IWESTMENT5 Quoied Investments 1,423,257 1.342.984 CURRENT ASSETS C85h Balantes.. Nat. Wesi Bank- Depo911 Account Nat. West Bank- CurreniAccount Siockbioker- DeposltAccount 42,932 200 31,357 13.282 200 43,433 74.489 56,915 CREDITORS Amount5fblllng due within one year 2.165 1,700 NET¢uRREASsEYs 72,324 55.215 NET ASSETS £1,495.581 £1.398,199 FUNDS UnTestTlCted fund5'. Capital accounr Incorne account io io 1.486.799 8,782 1,397,206 893 TOTAL FUNDS £1.495.581 El.398,199 We, the E ulfve Trustees ofThe Henry And Chrisiine Armltage BumTrust, hereby approve the accountsyoi Iheyeor ended 5th April 2024 R J Butler D Howard Dated.. 3 The notes on pages 8 to IIYorm part ol these accounts Pag* 7
NOTESTO THE FINANCIALSTATEMENTS STATUTORYINFOAMATION The Henry and ChrisiineArmftage Burtt Trust 15 an unlncorporaied charlty. registered In EnOand and Wales. The charity's regisieied nutnber and principal olflce addTe5s can befound on the Charity Commlsslon website. The slgnlflcant acc8unTing poll¢les applied inthe prepara110n of theseflnanclal siatement5 are sei out below. These policie5 have been consistentlyapplied io all years presenied unless otherwise 51aied. The finonclal siaiements are presemed In pound 5terllng 1£) whlch Is ihe functlonal curyency of the charlty and are rounded to the nearest g. The flnancial statement5 cover the Individual entity. The enttty Gon511ruies a publlc benefit entiiyas defined by FFIS 102. ACCOLIMTING POLICIE5 Ba51$ oIPreparirrfthe FlnanclalStatement$ The flnanclal staiernenis of the charity. whlch Is a publlc benelbt eniityunder FRS 102. have been prepared In occordan¢e wth the Charitie5 SORP IFRS 1021'Accounting and Repnrting by Charltles,: siaiement of Recommended Practlce applicable to CharleS preparln@Iheir accounts In accordance wr(h the Flnanclal Reporting siandard applir.able in the UK and Republic of Ireland IFRS 1021 lefteciive i lanuary20191', Flnancial Reponing standard 102 The FinancTal Reporiingstandard applicable Inthe UK and Republlc of Irelanrt. and the Charitie5 Aa 2011.The flnanclalsiatemenis have been pPared underihe hlsiorical cost conventlon. The flnanclal siatement5 are prepared on a golng concern basis. The flnanclal statement5 have been preparedlo Elve a Yrue and Yalr, vlew have departed fromthe Charltles (Accounts and Reportsl Regulaiions 2008 onlyio the extent required to piovlded a'tlue ond fa5r'vlew. Thls departure has Involverj lollowlngtheAcGouniing and ReportinÉ by Chaiftle5.' Siarement of Recornmended Practice appllcable io charities preparlngiheir accounts in accordance wllh the Financlal Reportlng Standard appllcable Inthe UK and Republic ot Ireland IFRS 1021 Issued on 16 luly2014 rherthan theAccouniingand Aeporring by Charitie5.' Siement of RecDmrnended Practice eff eulveyrom i April 2005whlch ha$ Since beenwSlhdrabvn. Investment Income RewEllttlon U.K. divideiids and interestyrom gllts are Included Inthe Statement of Financialtttle$ when they are recelvable at an amountwhich Includes anyiax recoverable from Ihe HM Revenue & Customs. Intere5tfrom dep05hs is Included In the 5taiement of Flnanclal Acihiiies on a recelvable bas15. Expenditure Rerognltion All expendfture Is included In the Statemeni of FlnancialAcii¥AlSes in the perlod In which It is Incurred. Pro510 is made In the accounisfor accountancy professnaIlees incurred bui uninvoiced ai Ihe year end. Page 8
NOTESTO THE FINANCIALSTATEMENTS ACCOUNTING POUCIES-corrtln 1rtveeThIS and Investment Galns IILosse51 al. stocks and shares quoiÈd on the London 510ck Exchange are Included Inthe Statemeni oyflnancial posltion ai maikeivalue ai the balance She dale. bl. Profi15 and losses ailslng on the disposal of Investments areiransferipd io the CaprtalAccount as Incurred. cl. The Fno¥emenis In maTket value OY Ihe Investments durlngihe year aretransferred to the CapitalAccount. dl. Inve5tmenis are veilfled by Gonfirrnaiion from Canaccord Genuitywealih Management, the Chorlly's Stockbrokers and investment managets. Ihoi Ihe Investments ale reglstered inthe brokers nominee name. Ta¥atlon The charity Is exempifTomtax on r(5 charltable auiviiies. Fundsstwrtuie All ol thefunds of the chartty are unrestrlcted whlch Ihe trustees ale free to usefor any purpose In furtherance oy the chariiable object5. 5th Apr112024 5thApv112023 INVESTMENT INCOME Divldend5 and Inieresrirom U.K. Invesiments Dlvldends and Iniere5tfrom Foreien Investmenis Bank and Broker Inieiest 21,870 5.966 1.090 17,610 8,069 335 £28.926 £26.014 IIAISING FUNDS Portfollo Managemen1 Charges £12.567 £12.401 Pay9
NOTESTOTHE FINANCIALSTATEMENTS 5th April2024 5thApr112023 CHARITABLE ACTfllTIES Grants-. LincolnshlreArea Meeting Aookliow Meetlng House Bake the dlfference Brltain Yeaily Meeiing 7,500 7,000 4.000 2,000 3,000 5,000 18.500 Goveinance costs.. Independeni examiner5. rernuneraiio Trustees Expenses lry)te 71 Bènk charges 2,SD6 22 1.700 2.536 1,704 £21.026 É6.704 STAFF COSTS The charity does noi employany staff and Iheiefore no individual received employee benefiis In excess of £60.00012023 none). TRUSTEES. REMUNERATIONAND BENEFITS There were no irusiees, remuneraiion or other benefitsforlheyear ended 5 Apri12024 norforiheyear ended 5 Aprll 2023. Tru5tees' expen5e5 The trusiees, expense5 paidtortheyear ended 5Apill 2024 was E2212023- NIL). Slh Apr112024 5th Aprt12023 INVESTMENTS Market value at 6 April 2023 Ad(Jiiions Disposals Reallsed and unreallsed gain5 1 Ilossesl 1,342.984 337.417 1359,2041 102,059 1,420.499 380,849 1349,0091 1109.3551 Market valtje ai 5 Apill 2024 £1.423.257 £1,342.9B4 P•8• 10
NOTESTO THE FINANCIALsTATEMEs 5th Aprll2024 sthAprfl 2023 CREDITORS-. AMouKfs FALLING DUE WH1N ONE YEAR Accrua15- Independent exatnlners, remuneiaiion £2.165 £1.700 io MOVEMENf IN FUND5 Nei Movement inlunds At6 April 2023 Al 5 Apr112024 Unre$trlctedlunds Capiral accouni Income accouni 1,397,306 893 89.493 7,889 l.a86.799 8.782 TOTALFUNOS £1,398.199 £97.382 £1.495,581 movemeni In funds. Included inthe above are as lollow5'. Incomin6 resources Resources expended Transfers Galn51llossesl on Investment Mo¥emeni in funds assets Unrestrlcted lunils Capital accoum Income account 112.5671 12.567 102,059 89,493 7,889 28,926 133.6031 TOTAL FUNDS E28,926 1£33,6031 £102.059 £97,382 The iransfei shown above relates io the ie-allocion ol the porlfollo managetnent charges. All Dtthefunds of the charity are unre5triciedwhich thetrusiees are freeto usefoi any pUoSe In furtherance oylhe chaiiiable objecis. li RELATED PARTY DISCLOSURES There were no ielated partytransact10Tr5torthe year ended 5April 202412023- none). P•8 11