Charity No: 504190
THE BRAMHOPE TRUST
ACCOUNTS
YEAR ENDED 31 MARCH 2021
BFE Brays Chartered Accountants Building Society Chambers Wesley Street OTLEY LS21 1AZ
THE BRAMHOPE TRUST Charity No: 504190
FINANCIAL STATEMENTS: FOR THE PERIOD 1 APRIL 2020 TO 31 MARCH 2021
| CONTENTS: | |
|---|---|
| Trustees’ Report | 2 - 3 |
| Independent Examiner’s Report | 4 |
| Receipts and Expenses Account | 5 |
| Statement of Assets as at 31 March 2021 | 6 |
Page 1
THE BRAMHOPE TRUST Charity No: 504190
TRUSTEES’ REPORT
FOR THE PERIOD FROM 1 APRIL 2020 TO 31 MARCH 2021
Charity’s name:
The Bramhope Trust
Charity’s address : 4 The Sycamores Bramhope Leeds LS16 9JR
Trustees:
Mr B D Bundey Ms J Rigby Mrs M D Thompson Mr N Pinches
Appointment of Trustees: New Trustees are appointed by existing Trustees in accordance with section 36(2) Trustee Act 1925.
Advisers to the Trustees:
Accountants: BFE Brays Building Society Chambers Wesley Street Otley LS21 1AZ Investment Advisers: Brewin Dolphin 34 Lisbon Street Leeds LS1 4LX
Governing Document: Trust Deed dated 26.02.75. Objects: The objects of the Trust are to pay the annual income for the benefit of the inhabitants generally of Bramhope or such persons resident in Bramhope as the Trustees, in their absolute discretion, select.
The Trustees meet a number of times a year to consider which organisations and persons within Bramhope or the surrounding area should benefit from the funds available.
Page 2
THE BRAMHOPE TRUST Charity No: 504190
Review of the Year: During the year the Trust made donations to various churches and voluntary organisations in Bramhope totalling £35,300.
Reserve Policy: The Trustees aim to apply the income of the charity in furtherance of the charitable object and have a policy of retaining sufficient reserves to enable the Trustees to meet obligations as they fall due which may include both planned and unforeseen expenditure on the properties. Public Benefit Statement: In exercising their powers, the Trustees have had regard to the guidance on public benefit issued by the Charity Commission. During the year, the charity has met the public benefit requirements by providing grants and donations to churches and voluntary organisations connected with Bramhope and its residents.
Charity Governance: The Trustees acknowledge their responsibilities to work within the principles of the Charity Governance Code 2017.
The Trustees declare that they have approved the Trustees’ Report above.
Signed on behalf of the Charity’s Trustees:
Signature : Bryan D Bundey Full name : Bryan Deavin Bundey
Position : Trustee Date : 8 July 2021
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THE BRAMHOPE TRUST Charity No: 504190
Independent Examiner’s Report
Report to the trustees of The Bramhope Trust on the accounts for the year ended 31 March 2021, which are set out on pages 5 to 6.
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 March 2021.
Responsibilities and Basis of Report
As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent Examiner’s Statement
I have completed my examination, I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in any material respect:
-
accounting records were not kept in accordance with section 130 of the Act or
-
the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
L P Nelson FCCA BFE Brays Chartered Accountants Building Society Chambers Wesley Street OTLEY LS21 1AZ
Date: 8 July 2021
Page 4
THE BRAMHOPE TRUST Charity No: 504190
RECEIPTS AND PAYMENTS ACCOUNTS FOR THE PERIOD FROM 1 APRIL 2020 TO 31 MARCH 2021
| Receipts Investment Dividends/Interest Rental Income Legacy Asset and Investment Sales Receipts from sales of investments Total Receipts Payments Investment Management Costs Rental expenses Governance costs Grants and donations paid Asset and Investment Purchases Purchase of investments Net Receipts/(Payments) Cash Funds last year Cash Funds this year end |
Unrestricted Funds £ 12,458 35,748 1,500 49,706 123,639 173,345 3,512 7,420 1,076 35,300 47,308 170,484 217,792 (44,447) 66,215 21,768 |
Total Funds £ 12,458 35,748 1,500 49,706 123,639 173,345 3,512 7,420 1,076 35,300 47,308 170,484 217,792 (44,447) 66,215 21,768 |
Last Year £ 14,621 34,075 - |
|---|---|---|---|
| 48,696 97,203 |
|||
| 145,899 | |||
| 3,763 5,338 1,630 35,390 |
|||
| 46,121 42,510 |
|||
| 88,631 | |||
| 57,268 8,947 |
|||
| 66,215 |
Page 5
THE BRAMHOPE TRUST Charity No: 504190
STATEMENT OF ASSETS AND LIABILITIES AT 31 MARCH 2021
Unrestricted Funds
| Cash Funds | |||
|---|---|---|---|
| Yorkshire Bank | 19,040 | ||
| Brewin Dolphin | 2,728 | ||
| Total cash funds | £21,768 | ||
| Investment Assets | Fund to which | Cost | Current |
| asset belongs | Value | ||
| £ | £ | ||
| UK Bonds | Unrestricted | 126,684 | 128,919 |
| UK Equities | Unrestricted | 60,867 | 73,648 |
| Overseas and Other Equities | Unrestricted | 100,777 | 114,556 |
| Absolute Return Securities | Unrestricted | 36,845 | 38,389 |
| Property Securities | Unrestricted | 20,310 | 21,849 |
| Other Investments | Unrestricted | 37,938 | 38,402 |
| Freehold Property | Unrestricted | 45,649 | 500,000 |
| Liabilities | Fund to which |
Amount | |
| liability relates | due | ||
| Sundry creditors | Unrestricted | £ 1,200 |
We approve these accounts and confirm all relevant records have been made available for their preparation.
Mr B D Bundey
Ms J Rigby
Mrs M D Thompson
Mr N Pinches
8 July 2021
Page 6