CHAIUTY NO.. 327928
THE MIsS￿LBRO0K TRUST
REPORT OF THE TRUSTEES
AND
FINANCIAL STATEMENTS
For the Year Ended 5th April 2024

THE MISSELBROOK TRUST
Contents
Page
Legal and administratlve Information
Report of the trustees
Report of the independent examiner
Statement of financial activities
Balance sheet
Notes forming part of the fmaneial statements
8-10
Detailed statement ot financial activities
11
Page: I

THE MISSELBROOK TRUST
al and admlnlstrative Inforniation
TRUSTEES:
D AHobbs A.C.A
NJ Lapage A.C.A
Mrs R C Owers
CHARTTY NO:
327928
CHARITY OFFICE:
Ashton House
12 The Precinct
Winchester Road
C]]andlers Ford
Eastleigh
S053 2GB
INDEPENDENT EXAMINER:
Christopher David Osmond F.C.C,A.
Stone Osmond Limited
75 Bournemouth Road
Chandlers Ford
Eastleigh
S053 3AP
BANKERS:
Lloyds B8nk plc
Above Bar Str¢et
Southatnpton
S014 7DT
SOLIcrtORS:
Paris Smith LLP
Number I
London Road
Southampton
S015 2AE
INVESTMENT MANAGERS:
Rathbones
Fiennes House
32 Southgate Street
Winchester
S023 9EH
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THE MISSELBROOK TRUST
Re
ort of the trllstees for the
ear ended 5th A
rAI 2024
The trustees present their report and financial statements of the charLty for the year ended 5th April 2024. The financial
statetllents bave been prepared in accordance with the accounting policies set out on page 8 and ¢ottwly with tho charity'8
tTh￿t deed and applicable law.
Constitutlon, objectives and actlvltles for the public benefit
Th¢ Mi88ell)rook Tru8t IS ¢Oll8titut¢d under a tn￿1 deed dated 15th April 1988, and is a registered ellarity, no 327928. The
trust deed defines the objects of the Trnst as being "to hold the capital and inc0￿e of the trust fund upon trnst to apply the
in¢ome and all or such part or parts of the capital for or towards such charitable purposes and to nlake donations to
h￿ilable institution or instittltions at such tin]e or times alld in such manller as the t￿Stee$ may itt their absolute discretion
think fit"
The trustees ¢onfirni they hav¢ complied with the duty under Section 4 of the 2011 Charities Act having due regard to the
guidance published by the Charity Con]mi58ion, including public benefit guidance.
Organisation
The trustee&named onpage 2 have servedthroughoutthe Ye￿ and since the year end. The appointmellt of trustoes 18 governed
by the regulatiolls of the charity.
Financial review
During the year £42.500 was given in grants, cornpared with £46,655 ill the previDu8 year. The financial position of the trnst,
reviewed by the trn8tee8 on a regular basig, remains satisfactory.
ri uture plAns and golng concern stAtement
A8 the charity's income 18 derived solely from fi￿dS invested and there are no ￿ndraiSing activitses the trnstees are aware
that income may fall, in which case grants would need to be reduced accordingly.
The charity will, however, continue to make g￿llt8 for the bellefit of the public.
Investment policy
The policy of tkke trnstees AS to inve8t to provide a balanced retLWll fro￿ income and capital at medium risk. No soci&l,
environtllental or ethical Gonsiderations are taken into a¢count.
Reserves policy
The trnstee'g policy ott reserve8 is that they regard the income fund balance of £90,072 as available for distribution in whole
or ill part and the capital fund balance of £1,308,340 as distributable only in exceptional cirGUrn8tances,
Rlsli management
The trustees have examined the potential risks which the charity faces and confirm that measures to manage these ri8k8 have
been put in place.
Page: 3

THE MISSELBROOK TRUST
ort of the trustees for the
ear ended 5th A rll 2024
Trnstees, respollsibilities
The tNstees are required under the Charitie8 AGt 2011 to prepare financial statements for each financial year which give a true
and fair view of the charity's finaocial activities during the year and of it8 financial positioll at the end of the year. tn preparing
financial statements giving a twe and fair view the tnJ8tees should follow best practice alld..
(a) select suitable accounting policies and apply thorn consistently.
(b) observe the methods and principles in thc Charitie8 SORP.
(c) make judgettents and estimates that are reasonable and prudent.
(d) state whether applicable accounting stattdards and 8t81te￿ents of rB¢ommended practice have been followed, subject
to any departures disclos¢d and explained in the f￿all¢la1 statement8.
(e) prepare the financial 8taten]ents on a going concern basi8 unless it is in8ppropriate to presll￿e that the Charity will
continue in operation.
The twstees are responsible for keeping accounting reGords whi¢h disclose with reasonable accuracy tbe ffftancial position of
the charity and which enable them to ascertain the f￿ancial p081tAon of the charity and which enable them to ensure that the
financial statements eomply with applicable laws and regulalions. They are also responsil)le for safeguarding the asset8 of the
charity and hcnce for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trnstees on l Nov¢mber 2024 and signed on their behalf:
N J LAPAGE
Trnstee
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THE MISSELBROOK TRUST
Inde
endent examiners, re
ort to the Trustees ot the Mlsselbrook Trust
I report on the accounts of the tnjst for the year ended 5th April 2024 which arc s¢t Dut on pages 6 to 10.
Respectlve responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts, Thg charity's tNstee8 consider th&t an audit 18 not
required this year under section 144 of the Charities Act 2011 (the 2011 Act).
It Is Iny responsibility to..
examitie the accounts under s￿tIOn 145 of the 2011 Act.
follow the procedures laid down in the General Direction8 given by the Charity Con]rni88ion under section 145(5)(b} of
the 2011 Act. and
to state whether particular matters bave corne to my attention.
Basis of independent ex¥dminer's report
My exan]ination was catTied out in accordance with the general directions givenby the Charity Cotnmission. An examination
includes a review of the accounting r￿ordS kept by the charity and a comparison of the arcoullts Presented with those records.
It also irtcludes considetztion of any unusual items or di8cIo8ures in the accounts, and the seeking of explanations from you
as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required
in an audit and, consequently, no opiniott 18 given as to whether th¢ accounts present a'true alld fair view" and the report is
limited to those m&tters set out in the statement below.
Independent examiller's statement
In Collngrtion with my examination, no matter has cotne to my attention.,
which givgs me reasonable cause tD believe that, in any material respect, tbe requirement8',
to keep accounting records in accordance with section 130 of the Charities Act 2011. and
to prepare accounts which accord with the accounting records and to comply with the a¢¢ounting rgquirements of
th¢ Charities Act 2011 have not been met, or
to which, in nly opinion, attention should be drawn in order to enabl¢ a proper understanding of the accounts to be
reached,
Christopher David Osmond F.C.C.A.
Stone Osmond Limited
Accountants and Statutory Auditors
75 Bournemouth Road
Chandlers Ford
astleEgh
S053 3AP
Date:
Page.. 5

THE MISSELBROOK TRUST
Statement of Financial Activities for the Year Ended 5th A rll 2024
2024
Unrestricted Funds
ncome
2023
Total
Funds
Note
Capltal
Totjl
Incoming resources
Investmont income
41,072
Total illcoming resources
Resources expended
Costs of generating thrtds
Charitable activities
6,383)
6,383) (
6,205)
51,377)
Total resources expended
6,383)
46704) ( 53087) Q 575821
Net Incoming resources
6,383) ( 10,955) ( 17,338) ( 16,510)
Other recognised losses and gains
(Lnsse8)Igains on inveslmentg
55,060
55,060
129 370)
Net movernent ill funds
48,677
10,955)
37,722
{ 145,880)
Funds brought forward
1,259,663
101,027
1,360,690
1,506,570
li
Funds carried forward
1,308,340
90,072
1,398,412
1,360,690
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THE MISSELBROOK TRUST
Balance Sheet &s at 5th A ril 2024
2024
2023
Notes
Fixed assets
Inv¢*cments
1,251,021
1217,588
Current assets
Debtors
Cash at bank
938
152 280
893
148,509
153,218
149,402
Current Ilabilities
Creditors
L¥et cllrrent assets
147,391
143,102
io
Total llet assets
1.398.412
1,360,690
Funds
Unrestricted capital
Unre8tricted income
1,308,340
90,072
1,259,663
101,027
1,398,412
1,360,690
Approved by the trustees on 14 ￿ November 2024 and signed on their behalf.,
N J LAPAGE
Tnlstee
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THE MISSELBROOKTRUST
Notes formin
art of the finaneial statements for the
ear ended 5th A ril 2024
Summary of significaut accounting policies
(a) General infDnnatlon aud basls of preparation
The Miss¢lbrook Trust is an uninGorporated oharity in England. The address of the registered office 18 given
in the charity infOrn￿tiOll on page 2 of the8e fllwicial statements, Th¢ nature of the charity's operation8 and
principal activities are given on page 3.
The charity constitutes a public benefit entity a8 dofined by FRS 102, The finlncial statements have been
prepared ill aocordan¢¢ with Accounting and Reportiag by Charities: Statement of Recommended Practice
applicable to charities preparing their accounts in a¢coTdatL¢e with the Financial Reporting Standard applicable
in the UK and Republic of Ireland (FRS 102) (effe¢tive l January 2019) - (Charities SORP (FRS 102)), the
Fitiancial Reporting Standard applicable ill the UK an(L Republic of Ireland (FRS 102) at￿ the CIMritie8 Act
2011.
The charity hag applied Update Bulletin l as publisbed on 2nd February 2016 and therefore does not include a
cash flow statetnent in these financial statemellts.
The fmancial statements atr prepared oll a going con¢¢rn basis under the historical cost convention, modified
to include certain items at f￿'r value. The finallcial statements are presented in sterling which is the fi￿CtIOnal
cuttency of tbe charity and rounded to the lleare8t £1.
The significant accounting policies applied in the preparation of thes¢ finanoial statetnents are set out below.
These policies have been consistently applied to &ll years Presented unlgss othenvise stated,
O)) Investment income
Inve8ttllent incorne is accounted for in the period in which the ¢harLty is entitled to receipt.
(c) Resources expended
Expenditure is included on an accruals basis.
Raising funds comprise those costs directly attributable to managing the inve8ttnent portfolio and raising
illvestment income.
Grants are recognised as an expended resource at the date of payment.
Governance costs comprise costs for the rnnning of the charity itself a8 an organisation alld includes
ILTwoveTable VAT.
(d) Fixed asset investments
Investments are included at closing mid-market value at the balance she¢t date. Any gain or loss on revaluation
is taken to the Statement of Financial Activities.
{e) Funds
Un￿StrICted fimds are those fimds the trnstees can use for any purpose in furtherance of the charitable objects.
Unrestricted fimds include the capital ftmd which the ttustees. at their discretion, intend to invest.
(l) Debtors
Trade and other debt0￿ are recognised at the settlement amount due after any trade discount offered,
Prgpaymenls ar¢ valued at the amount prepaid after taking account of ally trade di8coiint8 due.
(g) Cash at bank
Ca8h at bank comprises funds held by tbe charity's banlcers and investment n]anageT8,
(h) Creditors and provisions
Creditors and Provisions are recognised where the ch￿lty h&8 a present obligation resulting fronL a p&8t event
that will probably result ill the transfer of funds to a third paty and the amount due to settle the obligation can
be measured or estimated reliably. Creditorg andprovision8 are nornially recognis¢d at their settlement amount
after allowill£ for any trade discoullts due.
(i) Flnanclal lllstruments
The trust only ha8 financial assets and financial liabilitie8 of a kind that qualify as basic fmancial instrutnents.
Basic financial instruments are initially recognised at transaction valiie and SL]bsequently ￿¢aSured at their
Settlement value with the exception of bank loans which are subsequently Measur￿ at the carrying value plu8
ac¢rued interest less repayments, The financing GhaTge to expenditure is at a constant rate calculated using the
effective intere8t method.
Page: 8

THE MISSELBROOK TRUST
Notes formin
art of the finanelal statements for the
ear ended 5th A ril 2024
2024
2023
Investment income
Dividends- UK equities
Interest received
35,252
497
41.030
42
Costs of generatlng funds
Investmont management fees
6,383
Charitable actlvltles
Grants of £2,000 or more.,
Basingstoke & Alton Rehab
The Bike Experience
Cbandlers Ford Stroke
Eastleigh Borough & Romssy Mencap
The Flutterby Fund
Gitl of Sigklt
Romsey Young Carers
Scratch
Solent Mind
Southampton Charitable Trnst
The Pinder Trust
SWVG
Trillity Winchester
Wet Wheels Foundation (Hamble)
Yateley Industries
Graiits to in8titution8 of less th0￿ £2,000.. 12 (2023,. 15)
Govemallce (note 5)
2,000
3,000
3,155
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,500
2,000
2,000
2,000
2,000
5,000
2,000
2,000
13,000
2,500
2,000
2,000
10,000
2,000
16,000
51,377
Governance
Independent examiners fee
Accountancy fees
VAT
1,485
2,072
647
1,610
2,378
734
4,204
4,722
The clwity had no etnployees during the year (2023.. Nil)
Trnstee$' remuneration
The trustees received no retnulleration norreceived any other benefits (2023: £Nil) and no Expens¢8 wer¢ reimbursed
(2023: £Nil) during the year. Mr N J Lapage was paxd £300 (2023: £300) for boold(eeping s¢rvice8.
2024
2023
Investn)ents
Market value at 6th April
Additions at CO8t
ProGeeds from drsposals
Gainsl(Ios8es) in th¢ year
1,217,588
392,217
( 413,844) (
55,060
1.350,992
75,168
79,202)
129 370)
Market value at 5th April
1251021
1217 588
Historical co8t at 5th April
1024 994
970 680
Fixed asset investments comprise,.
UK Equities
Investment Trusts
903,797
347 224
794,991
422 597
1,251,021
1,217,588
Page.. 9

THE MISSELBROOK TRUST
Notes forD]in
art of the financlal statements for the
ear ended 5th A rll 2024
Debtors
2024
2023
Prepayments and accrned income
938
893
Credltors
AGGruals
10 Analysls of total net assets by fulld
Unrestrlcted
capltal
U]ll*8tricted
Income
Total
Funds
Fixed assets
Net current as8ets
1,251,021
57,319
1,251,021
147 391
1,308,340
90,072
1,398,412
Outline sumnury of fund movements
Fund balances brought forward
Incoming resource8
Outgoing resources
Gains and1088e8
1,259,663
101,027
35,749
46,704)
1.360,690
35,749
53,087)
55,060
6,383)
Fund balances carried fonvard
1308 340
90,072
1398 412
12
Related Parttes:
Tbere were no related paty transactions in the year.
Controlling entity: The charity is controlled by Lbe trustees.
Page: 10