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2024-03-31-accounts

Charity No: 504190

THE BRAMHOPE TRUST

ACCOUNTS

YEAR ENDED 31 MARCH 2024

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 2023 TO 31 MARCH 2024

CONTENTS:
Trustees’ Report 2 - 3
Independent Examiner’s Report 4
Receipts and Expenses Account 5
Statement of Assets as at 31 March 2024 6

Page 1

THE BRAMHOPE TRUST Charity No: 504190

TRUSTEES’ REPORT

FOR THE PERIOD FROM 1 APRIL 2023 TO 31 MARCH 2024

Charity’s name:

The Bramhope Trust

Charity’s address : 6 The Sycamores Bramhope Leeds LS16 9JR Trustees: Mr B D Bundey Ms J Rigby Mrs M D Thompson Mr N Pinches

Mr C Fairburn

Appointment of Trustees: New Trustees are appointed by existing Trustees in accordance with section 36(2) Trustee Act 1925. Advisers to the Trustees: Investment Advisers: Brewin Dolphin 4[th] Floor 10 Wellington Place Leeds LS1 4AN

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 rents collected from the properties and investment income received enabled the Trustees to make donations totalling £31,400 to various voluntary organisations in, or associated with, Bramhope. 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 : Jane E Rigby Full name : Jane Elizabeth Rigby

Position : Trustee

Date : 4 December 2024

Page 3

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 2024, 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 2024.

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:

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 Date : 9 December 2024 BFE Brays Chartered Accountants Building Society Chambers Wesley Street OTLEY LS21 1AZ

Page 4

THE BRAMHOPE TRUST Charity No: 504190

RECEIPTS AND PAYMENTS ACCOUNTS FOR THE PERIOD FROM 1 APRIL 2023 TO 31 MARCH 2024

Receipts
Investment Dividends/Interest
Rental Income
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
£
13,429
50,517
63,946
69,957
133,903
3,280
15,587
1,640
31,400
51,907
59,695
111,602
22,301
17,997
40,298		 Total
Funds
£
13,429
50,517
63,946
69,957
133,903
3,280
15,587
1,640
31,400
51,907
59,695
111,602
22,301
17,997
40,298		 Last Year
£
13,609
36,455
50,064
37,723
87,787
3,475
44,953
1,479
14,900
64,807
45,726
110,533
(22,746)
40,743
17,997

Page 5

THE BRAMHOPE TRUST Charity No: 504190

STATEMENT OF ASSETS AND LIABILITIES AT 31 MARCH 2024

Unrestricted Funds

Cash Funds
CAF Bank
Brewin Dolphin
Adair Paxton
Total cash funds
£		 18,786
15,786
5,726
40,298
Investment Assets Fund to which Cost Market
asset belongs Value
£ £
UK Bonds Unrestricted 132,607 121,620
UK Equities Unrestricted 61,474 72,351
Overseas and Other Equities Unrestricted 57,852 78,530
Absolute Return Securities Unrestricted 36,121 36,303
Property Securities Unrestricted 21,496 17,817
Commodities Unrestricted 9,531 11,365
Other Investments Unrestricted 41,313 25,078
Freehold Property Unrestricted 45,649 *
* The insurance value of the
properties is £1,421,015.
Liabilities Fund to which
 Amount
liability relates due
Sundry creditors Unrestricted £1,560

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

Mr C Fairburn

Date of Approval : 8 December 2024

Page 6