the bromley trust

Charity number: 801875

THE BROMLEY TRUST

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

CHARITY COMMISSION FIRST CONTACT.

THE BROMLEY TRUST

CONTENTS

Page

Reference and administrative details of the charity, its trustees and advisers 1

Trustees' report 2 -7

Independent auditors' report 8 - 9

Statement of financial activities 10

Balance sheet 11

Notes to the financial statements 12 - 23

THE BROMLEY TRUST

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2012

Trustees Anne Elizabeth Lady Prance (Chairman) Anthony John Roberts (Treasurer) Jean Harris Ritchie QC Dr Judith Vivienne Brett Bryan Blarney Peter Alan Edwards Anne-Marie Edgell (appointed 16 May 2012) John Nigel Dyson (appointed 16 May 2012)

Charity Registered Number 801875

Registered Address Studio 7, 2 Pinchin Street, London, E1 1SA

Contact Information

Website: www.thebromleytrust.org.uk

Email: [email protected]

Telephone/fax: 020 7481 4899

Grants Executive Teresa Elwes Grants Administrator Max Bondi

Auditors

James Cowper LLP, 3 Wesley Gate, Queen's Road, Reading, Berkshire, RG1 4AP

Bankers

National Westminster Bank Pic, 105 High Street, Winchester, Hampshire, S023 9AW

Solicitors

Blake Lapthorn, New Kings Court, Tollgate, Chandler's Ford, Eastleigh, Hampshire, S053 3LG

Investment Advisors Cazenove Capital Management Ltd, 12 Moorgate, London, EC2R 6DA

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THE BROMLEY TRUST

TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2012

The trustees present their annual report together with the audited financial statements of The Bromley Trust (the charity) for the year ended 5 April 2012. The trustees confirm that the Annual Report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in March 2005.

Structure, Governance and Management

a. Trust Deed

The Bromley Trust, which succeeded the FK & HM Bromley Charitable Trust, was formed by a Charitable Trust Deed dated 22 June 1989.

b. Registration

The Trust was registered with the Charity Commissioners for England and Wales on 25 July 1989 and given the registration number 801875.

c. Trustees

The trustees during the period from 6 April 2011 to the date of this report were:-

Anne Elizabeth Lady Prance (Chairman) # Anthony John Roberts (Treasurer) * Jean Harris Ritchie QC # Dr Judith Vivienne Brett Bryan Blarney # * Peter Alan Edwards * Anne-Marie Edgell - appointed 16 May 2012 John Nigel Dyson - appointed 16 May 2012

# denotes member of the Grants Committee * denotes member of the Finance Committee

The trustees' meetings take place twice a year usually in April and October. The two sub-groups meet prior to each trustee's meeting.

d. Appointment of Trustees

The Trust Deed dated 22 June 1989 provided that the Settlor was empowered to appoint trustees whose numbers are limited to eight. The number of trustees shall not be less than three. Following the Settlor's death any new appointments will be made by the trustees recognising, inter alia, that the Board should represent a broad, experienced skills base. It is accepted that potential trustees could be identified by personal recommendation or by advertising the vacancy.

If the response to an initial approach were favourable, the candidate would be supplied with the following information:-

i) A copy of the Trust Deed. ii) The latest approved Report & Accounts with details of the proposed amendments for the ensuing

accounting period. iii) The Minutes of the last meeting of trustees, Grants Committee and Finance Committee. iv) Website details. v) A memorandum outlining organisation and operational procedures.

Following an appraisal of the candidate's CV and a meeting with the Chairman, the candidate would be invited to

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THE BROMLEY TRUST

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 5 APRIL 2012

attend the next trustees' meeting. To avoid unnecessary delay, power to approve may be delegated to a panel of three trustees. All current trustees have completed a Fit & Proper Person questionnaire.

None of the trustees is paid a salary for the time spent on the affairs of the Trust. The total out of pocket expenses in respect of four trustees for the year ended 5 April 2012 was £1,152 (2011: £636).

Aims and Objectives

The aims and objectives of The Bromley Trust as resolved by the trustees on 5 April 2006 are:-

i) To combat violations of human rights and help victims of torture, refugees from oppression and those who have been falsely imprisoned; to help those who have suffered severe bodily or mental hurt through no fault of their own and if need be help their dependants; to try in some way to offset man's inhumanity to man.

ii) To promote prison reform within the United Kingdom with particular emphasis on the reduction of re-offending.

iii) To oppose the extinction of the world's fauna & flora and the destruction of the environment for wildlife and for mankind worldwide.

Review Of Achievements During The Year

The Trust received income of £619,920 generated by the trust fund and applied £684,500 in respect of grants and £105,721 in expenses in operating the Trust. £170,301 has been transferred from the trust fund to cover the net outgoing resources for the year.

Public Benefit

Our aims and objectives relate to three main areas: human rights, prison reform with an emphasis on rehabilitation of offenders and the prevention of re-offending, and conservation and sustainability. Each of these areas falls within the description of charitable purposes set out in the Charities Act 2011. The very nature of the aims and objectives is, we believe, self evidently open, outward-looking and inclusive and therefore for the public benefit.

The Bromley Trust only provides funds to other registered UK charities as we consider that UK charities, established as they must be for the public benefit, are best placed to help us achieve our aims and objectives and to ensure that our funds are used for the public benefit. In two cases we give grants to a registered UK charity which then passes on the grant to an international charity which is non UK registered. Thus in the year ending 5th April 2012 we made a grant to the UK charity BART (Brazilian Atlantic Rainforest Trust) which it transmitted to REGUA (Reserva Ecologica de Guapiacu), a non UK charity which operates in Brazil in the area of conservation. In addition we made a grant to the UK charity Birdlife International for onward transmission to Save Brasil, a non UK charity which also operates in the field of conservation in Brazil. All the charities to which we donate must demonstrate to us that they promote one or more of the areas of interest which the Trust supports, and that their work furthers our aims and objectives. The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future funding.

The trustees are empowered to apply both capital and income to the funding of grants. Despite the difficult economic climate, which adverses the growth in Trust income, the trustees have nevertheless' resolved to continue to make such grants as they consider warranted, if necessary by the use of capital. In such difficult conditions for fund-raising by charities, the trustees consider such actions fully justified.

The Trust invites applications for grants from registered charities which work in fields which coincide with the Trust's aims and objectives. The trustees decide which applicants the Grants Executive will visit, and she thereafter reports back to trustees on such applicants. The trustees then decide to which applicant charities grants will be made. Grants are made for one year initially and each grantee is monitored by the Trust to ensure that it remains operational and continues to promote our aims and objectives. If it does so, then in most cases grants are renewed annually for a further two years. Sometimes a grant is restricted so that the recipient charity

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THE BROMLEY TRUST


is required to spend the money in a certain way. Generally, however, grants are unrestricted. By monitoring the grantees' work we ensure that our grants are spent in furtherance of our aims and objectives.

Our three main areas of interest are subdivided into focus areas. Thus in furtherance of our aim and objective to promote human rights, the Trust supports those who seek to put an end to slavery and trafficking. During the last financial year, for example, we gave a grant to ECPAT UK (End Child Prostitution, Child Pornography and the Trafficking of Children for Sexual Purposes) which is a leading agency in the field. We also, for example, seek (i) to promote the rule of law, and thus one of our grantees in the last financial year was Reprieve which works internationally to prevent detention without trial and to promote the right to a fair trial; (ii) to provide rehabilitation for survivors of torture, and thus one of our grantees was The Redress Trust which helps the victims of torture obtain justice and reparation; and (iii) to give support to immigration detainees and asylum seekers, and thus one of our grantees was the Dover Detainee Visitors Group.

The work of the Trust in prison reform concentrates on the rehabilitation of offenders and prevention of reoffending through education and training. Thus in the last financial year we have made a grant to the charity Clean Break which works with women who have been involved with the criminal justice system, to help their personal development through drama. The trustees also gave a grant to Moor Trees, which, for example, provides prisoners in HMP Dartmoor with education and training in environmental conservation, which teaches them new skills and confidence from which they and the community will benefit after their release.

The Trust promotes its aims and objectives in relation to conservation and sustainability, for example, by supporting the Atlantic rainforest in Brazil, and as explained above we gave grants in the last financial year to UK charities for onward transmission to REGUA and Save Brasil. The Trust also seeks to increase awareness of the effects of climate change and thus has made a further grant to the charity Cape Farewell which brings together teachers, scientists, artists and members of the media who visit various areas of the world in order to research and publicise the devastating effects of such change.

In addition the Trust grants Awards to a number of registered charities in order to promote initiative and excellence in areas which fall within our areas of interest. Thus during the last financial year, as in previous years, an Award was made to The Koestler Trust which is used in the form of a prize known as the Keith Bromley Award for Outstanding Nature Photography (named after the settlor of the Trust), to reward the creative endeavour of prisoners, those who are on probation or those who reside in secure psychiatric hospitals. The Trust also funds, by means of an Award, the publication by the Prison Reform Trust of a bi-annual fact file entitled The Bromley Briefings Prison Factfile which provides clear and up to date statistical information about prisons and prisoners in England and Wales. The Factfile is distributed, for example, to prisons, Government, the Courts, the Probation Services and others. An Award was also made to the Butler Trust to fund the Keith Bromley Award for Education and Skill Training, which is open to those who work in prisons, to reward excellence and innovation in providing education and skill training for prisoners. The Trust also made an Award to the Hardman Trust to fund the twice yearly Keith Bromley Award which provides trade tools, equipment or assistance for a prisoner who, on release, plans to set up a small business.

Further, in order to promote the Trust's aims and objectives, the Trust, particularly through the work of its Grants Executive and Grants Administrator, seeks to augment the grants it makes to charities by providing advice and practical help (such as an occasional workplace at our London office). To the same end the Trust also works with other grant makers and policy makers who have similar aims and objectives to our own, as in this way we can together provide added value beyond the actual grants we make. Thus the Trust, with a number of other charities which have similar interests in the rehabilitation of offenders and prevention of crime, have joined together to form the Corston Independent Funders' Coalition, which supports the Government in its implementation of the Corston Report in respect of vulnerable women in the criminal justice system. This Coalition was the brainchild of the Trust's Grants Executive. The Coalition has worked to reduce women's offending and to encourage the use of community sentencing for women. The Parliamentary Under-Secretary of State for Justice, Crispin Blunt MP, wrote on 13th May 2011 to the Grants Executive commending 'The impact of the independent funders' contribution to this agenda'.

We believe that there is no doubt that the Bromley Trust meets the requirements of public benefit.

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The full list of grants made in the year ending 5 April 2012 is shown in the Notes to the Financial Statements on pages 15-17.' All of these grants are made to charities in furtherance of our three main aims and objectives and are shown under the appropriate heading.

Investment Report

The Trust owns a portfolio of Stock Market investments managed by Cazenove Capital Management Limited and two commercial properties managed by Chesterton Humberts. Contracts for the sale of a property in Horsham, West Sussex were exchanged on 27 February 2012; completion took place on 27 April 2012.

The quoted investments comprise equities and bonds. At 5 April 2012 the investment portfolio, including cash, was valued at £13,594,471 and is subject to variation during the year due to stock market fluctuations. During the year the portfolio together with cash deposits produced income of £539,033.

Relatively static stock market indices between 5 April 2011 and 5 April 2012 with wide fluctuations between these dates have resulted in realised and unrealised losses of £212,145. This was partially offset by a realised gain of £43,642 on the sale of the property in Horsham compared with the revaluation at 5 April 2011 of £875,000.

The commercial properties were occupied and rentals were received for most of the year. Following discussions with Chesterton Humberts the value of the two remaining properties has been reduced to £820,000.

Recognising that an increasing demand for grants requires a rising level of income the portfolio managers have been set an objective of increasing the investment income by 5% per annum. Whilst the Trustees have not adopted an exclusionary policy, in achieving this growth objective the managers are required to apply socially responsible investment considerations in their choice of individual investments.

Treasurer's Report

The Treasurer issues a financial report to the trustees each half year. This consists of a statement of the current reserves and estimate of the future maintainable income available to finance the planned programme of grants and budgeted expenses.

Identification Of Major Risks

It is confirmed that the Trust's assets are available and adequate to fulfil all its obligations.

The Bromley Trust had no ongoing financial commitments as at 5 April 2012 beyond those liabilities disclosed in the balance sheet. It therefore faces no major risks, financial or otherwise.

Risks Identified With The Grant-Making Process

Consideration was given to the potential for fraudulent applications and misappropriations. Procedures which limit vulnerability to such applications and to the misappropriation of grants were identified and introduced. Consequently the Trust checks all applicants with the Charities Commission database and with practitioners in the appropriate field. Each charity is visited and assessed before an award is agreed by the trustees.

Consideration was given to the potential for misleading information being placed inadvertently on the Trust's website and a disclaimer was added. All electronic data transfer is covered by a disclaimer and all information electronically held conforms with the Data Protection Act 1998. Consideration was given to the ease of access to the website in line with the Disability Discrimination Act 1995.

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Reserves Policy

In view of the continuing adverse economic climate the trustees decided to extend the suspension of their previously adopted reserves policy of maintaining a minimum amount of £100,000 in the Income Fund. They have resolved to continue to make such grants as they consider warranted and meet grants and expenses by the use of capital as necessary.

This situation will be reviewed periodically.

The Trust continues to be capable of responding promptly with grants to appropriate causes in emergencies as they may arise.

Organisational Structure

General meetings of trustees take place twice yearly, usually in April and October.

The purpose of these meetings is to receive reports from the sub-committees appointed variously to oversee and recommend payment of grants and to monitor the Trust's investment performance: Additionally, the trustees receive and approve the Trust's accounts and the reports from the Treasurer detailing the current financial position of the Trust. The Finance Committee meets with the investment advisors prior to each trustees' meeting.

All grant applications and other major financial decisions are required to be approved by the trustees at the biannual meetings.

The trustees have delegated the administration of the Trust's grant-making to the Grants Executive and Grants Administrator. Mr Bryan Blarney is responsible for the day to day administrative management of the Trust.

The Bromley Trust is a member of the Association of Charitable Foundations.

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Statement Of Trustees' Responsibilities

The trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities SORP;

• make judgments and estimates that are reasonable and prudent;

• state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approyed by the trustees on is/ic/wi. and signed on their behalf, by:

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THE BROMLEY TRUST

INDEPENDENT AUDITORS' REPORT TO THE TRUSTEES OF THE BROMLEY TRUST

We have audited the financial statements of The Bromley Trust for the year ended 5 April 201: set out on pages 10 to 23. These financial statements have been prepared under the historical cost convention, modified to include investments at market value, and the accounting policies set out therein and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

This report is made solely to the charity's trustees, as a body, in accordance with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and its trustees, as a body, for our audit work, for this report, or for the opinion we have formed.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND AUDITORS

The trustees' responsibilities for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) are set out in the statement of trustees' responsibilities.

We have been appointed as auditors under section 144 of the Charities Act 2011 and report to you in accordance with regulations made under section 154 of that Act. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board's Ethical Standards for Auditors.

SCOPE OF THE AUDIT OF THE FINANCIAL STATEMENTS

A description of the scope of an audit of financial statements is provided on the Auditing Practices Board's website at www.frc.org.uk/apb/scope/private.cfm.

OPINION ON FINANCIAL STATEMENTS

In our opinion the financial statements:

• give a true and fair view of the state of the charity's affairs as at 5 April 2012 and of its incoming resources and application of resources for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Charities Act 2011.

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THE BROMLEY TRUST

INDEPENDENT AUDITORS' REPORT TO THE TRUSTEES OF THE BROMLEY TRUST

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

We have nothing to report in respect of the following matters where the Charities Act 2011 requires us to report to you if, in our opinion:

• the information given in the Trustees' report is inconsistent in any material respect with the financial statements; or

• sufficient accounting records have not been kept; or

• the financial statements are not in agreement with the accounting records and returns; or

• we have not received all the information and explanations we require for our audit.

James Cowper LLP

Chartered Accountants and Statutory Auditor

3 Wesley Gate Queen's Road Reading Berkshire RG1 4AP , Date G> Mox/0»J<u "XOix

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THE BROMLEY TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2012

Trust Fund Income Fund (Unrestricted)(Unrestricted)

2012 2012 Note £ £

INCOMING RESOURCES

Incoming resources from generated funds: Rent receivable Investment income

TOTAL INCOMING RESOURCES

RESOURCES EXPENDED

Costs of generating funds: Investment mangers' fees

Charitable expenditure Governance costs

TOTAL RESOURCES EXPENDED

NET RESOURCES EXPENDED BEFORE TRANSFERS

Transfers between funds

NET RESOURCES EXPENDED BEFORE OTHER RECOGNISED GAINS AND LOSSES

Gains and losses on investment assets

NET (RESOURCES EXPENDED) / INCOMING RESOURCES FOR THE YEAR

NET MOVEMENT IN FUNDS FOR THE YEAR

3 4 5

16

41,487

(211,788)

(248,503)

(460,291)

(460,291)

80,887 539,033

619,920

782,069 8,152

41,487 790,221

(41,487) (170,301)

(170,301) 170,301

Total Funds 2012

£

80,887 539,033

619,920

41,487 782,069

8,152

831,708

(211,788)

(460,291)

Total Funds 2011

£

101,102 500,598

601,700

13,740 786,745

7,674

808,159

(206,459)

(211,788) (206,459)

(248,503) 391,510

(460,291) 185,051

185,051

Total funds at 6 April 2011

TOTAL FUNDS AT 5 APRIL 2012

15,881,966

15,421,675

All activities relate to continuing operations.

The notes on pages 12 to 23 form part of these financial statements.

• 15,881,966 1.5,696,915

15,421,675 15,881,966

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FIXED ASSETS

Intangible assets

Tangible assets

Investment property

Investments

CURRENT ASSETS

Debtors

Investments

Cash at bank and in hand

CREDITORS: amounts falling due within one year

NET CURRENT ASSETS

NET ASSETS

CHARITY FUNDS

Trust fund (Unrestricted)

TOTAL FUNDS

BALANCE SHEET AS AT 5 APRIL 2012

Note

9

10

11

12

13

14

15

16

935,798 193,706 29,717

1,159,221

(153,739)

2012 £

1,722

820,000

13,594,471

14,416,193

1,005,482

15,421,675

15,421,675

15,421,675

The financial statements were approved by the trustees on K/u>/3aa. behalf, by:

Anne Elizabeth Lady Prance (Chairman)

The notes on pages 12 to 23 form part of these financial statements.

13,331

192,300

30,042

235,673

(142,034)

2011 £

361 1,775,000 14,012,966

15,788,327

93,639

15,881,966

15,881,966

15,881,966

and signed on their

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2012

1. ACCOUNTING POLICIES

1.1 Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention, as modified by the annual revaluation of listed investments and investment property to market value. The financial statements have been prepared in accordance with the Charities Act 2011, the Statement of Recommended Practice (SORP), "Accounting and Reporting by Charities" published in March 2005 and applicable accounting standards.

1.2 Investment income

Investment income is accounted for when receivable.

1.3 Grants

Grants are accounted for in the period in which they were approved as a number of grants are paid in two installments. Where the second installment is paid within the following year this has been recognised as a liability.

In the case of multi-year grants, no provision is included, nor is a contingent liability recognised, on the basis that the trustees retain discretion to terminate the grants before the end of the first and subsequent years.

1.4 Donations receivable

Donations receivable are treated as capital receipts and applied to the Trust Fund when receivable. Donations from parties unconnected with the Trust are not sought.

1.5 Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life, or, if held under a finance lease, over the lease term, whichever is the shorter.

Office equipment - 33% straight line

1.6 Investments

All investments are stated at mid-market value at the balance sheet date. The movement in the Statement of Financial Activities comprises both realised and unrealised gains and losses.

1.7 Investment properties

In accordance with SSAP 19 "Accounting for Investment Properties", no depreciation is provided in respect of investment properties. Such properties are not held for consumption but for investment and the trustees consider that to depreciate them would not give a true and fair view.

Depreciation is only one amongst many factors reflected in the annual valuation of properties and accordingly the amount of depreciation which might otherwise have been charged cannot be separately identified or quantified. The trustees consider that this policy results in the financial statements giving a true and fair view.

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1. ACCOUNTING POLICIES (continued)

1.8 Gifts in kind

Gifts in kind of property are recognised when received and are valued at market value at that date. If they are sold subsequent to the balance sheet date, they are included in the accounts as current asset investments.

1.9 Liabilities

Liabilities are recognised on an accruals basis in accordance with FRS 12.

1.10 Current asset investments

Current asset investments are valued at the lower of cost and net realisable value.

1.11 Deposits

Deposits are disclosed within current assets because a significant amount of the monies held on deposit relate to income from investments and are distributed by way of grants. It is therefore viewed as more appropriate to include deposits in current assets.

1.12 Trust Fund (Unrestricted)

This represents capital funds given to the Trust which can be expended on charitable purposes. The Fund consists of stocks, shares, deposits and investment property and is used for the purpose of earning income to pay for the servicing of grants made by the trust and its administration. Income arising from investments is credited to the Income Fund.

1.13 Income Fund (Unrestricted)

The Income Fund represents the difference between the ordinary income of the Trust and the payment of grants to charitable institutions and administrative expenses of the Trust.

2. INVESTMENT INCOME

Total Total Funds Funds 2012 2011

£ £

UK equities and convertibles 418,374 372,191 Interest on cash deposits 631 964 Overseas equities and convertibles 120,028 127,443

539,033 500,598

The overseas equities and convertibles consist of funds in North America, Asia, Australasia and Europe.

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3. COSTS OF GENERATING FUNDS


£ £

Investment managers'fees 41,487 13,740

4. CHARITABLE EXPENDITURE

2012 2011 £ £

Grants payable

Human Rights 340,000 315,000 Prison Reform & Prison Awards 179,500 188,000 Sustainability & Conservation 165,000 185,000

Grant administration and support costs (note 6)

Grant administration and support 97,569 98,745

Total 782,069 786,745

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Human Rights

2012 2011 £ £

Amimb 7,500 10,000 Anti-Slavery International 15,000 20,000 Anti-Slavery - Anti Trafficking Monitoring Group 10,000 -Ariadne 5,000 -Asylum Support Appeals Project - 10,000 British Institute of Human Rights 10,000 10,000 Centre for Applied Human Rights 5,000 5,000 Children's Rights Alliance England 15,000 15,000 Council for Assisting Refugee Academics 10,000 15,000 CROP 10,000 -Detention Forum 5,000 -Dover Detainee Visitors Group 5,000 5,000 ECPAT UK 10,000 20,000 Fair Trials International 10,000 15,000 Find your Feet 5,000 10,000 FPWP Hibiscus 10,000 -Gatwick Detainees Welfare Group 10,000 10,000 Global Dialogue 10,000 10,000 Impact Foundation - 10,000 Inquest 10,000 10,000 Kalayaan 10,000 10,000 Karma Nirvana 15,000 -London Detainee Support Group 5,000 15,000 National Working group for Sexually Exploited Children and

Young People 5,000 5,000 One in Four 10,000 -Peace Brigades International UK Section 15,000 15,000 Public Law Project 10,000 -Redress Trust 20,000 25,000 Reprieve 15,000 15,000 Room 2 Heal 7,500 -Southampton & Winchester Visitors Group 15,000 • 10,000 Together (Working for Wellbeing) 15,000 15,000 UK Sri-Lanka Trauma Group 10,000 -Wave Trust 10,000 -Womankind Worldwide - 10,000 Yarl's Wood Befrienders 15,000 15,000 Zahid Mubarek Trust - 5,000

Total 340,000 315,000

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Prison Reform & Prison Awards

2012 2011 £ £

Butler Trust 15,000 15,000 Changing Paths 15,000 CIFC - 5,000 Clean Break Theatre Company 10,000 10,000 Clean Break/Just Desserts 7,500 -Commonweal Housing 10,000 10,000 Deptford Churches Centre - 15,000 Hardman Trust 10,000 10,000 Imperial War Museum 15,000 5,000 Koestler Award Trust 8,000 8,000 Music in Prison 10,000 15,000 P3 (Prison Partnership Projects) - 5,000 PRT - Vulnerable Women - 10,000 PRT - Women's Justice Commission - 10,000 PRT - Women's Justice Taskforce 2,000 -Prison Phoenix Trust - 10,000 Prison Reform Trust 25,000 25,000 Prisoner EducationTrust 10,000 5,000 Switchback - 5,000 Tab Centre - 10,000 The Clink 30,000 -Time for Families - 15,000 Women's Justice Taskforce 12,000 -

Total 179,500 188,000

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Sustainability & Conservation

2012 2011 £ £

Ashden Awards 20,000 20,000 Birdlife Human Rights 5,000 5,000 Birdlife International - 5,000 Buglife - 10,000 Cape Farewell 10,000 20,000 Clientearth 10,000 10,000 Durrell Wildlife Conservation Trust - 20,000 Environmental Justice Foundation 10,000 10,000 Forest Peoples - 15,000 Foundation and Friends of The Royal Botanic Gardens Kew - (5,000) Landlife 15,000 -Life Cycle 10,000 -Marine Conservation 20,000 20,000 Moor Trees 10,000 10,000 REGUA 10,000 10,000 Save Brasil 10,000 10,000 Survival International - 10,000 Wildscreen 20,000 5,000 World Pheasant Association 15,000 10,000

Total 165,000 185,000

GOVERNANCE COSTS


£ £

Auditors' remuneration 4,800 4,800 Non audit fees payable to auditors 2,200 1,639 Legal and professional fees - 599 Trustee expenses 1,152 636

8,152 7,674

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6. GRANT ADMINISTRATION AND SUPPORT

Total Total Funds Funds

2012 2011 £ £

Office expenses 1,720 1,252 Computer costs 2,798 3,275 Telephone 1,473 1,412 Wages 69,130 66,894 Secretarial fees 6,000 5,625 Travel expenses 2,471 2,779 Subscriptions 1,174 1,414 Room hire 935 1,009 Office rent 10,871 12,156 Bank charges 44 45 Insurance - 530 Property maintenance fees - 1,620 Depreciation 953 734

97,569 98,745

No employee was paid over £60,000 during the period.

7. NET RESOURCES EXPENDED

This is stated after charging:

2012 2011 £ £

Depreciation of tangible fixed assets: - owned by the charity 953 734

Auditors' remuneration 4,800 4,800

During the year, no trustees received any remuneration (2011 - £NIL). During the year, no trustees received any benefits in kind (2011 - £NIL). 4 trustees received reimbursement of expenses amounting to £1,152 in the current year, (2011 - 4 trustees - £636).

GAINS AND LOSSES ON INVESTMENT ASSETS

2012 2011 £ £

Realised losses on listed securities (7,754) (17,054) Unrealised (losses) / gains on listed securities (204,391) 600,564 Revaluation of investment properties (80,000) (192,000) Gain on disposal of investment property 43,642

(248,503) 391,510

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9. INTANGIBLE FIXED ASSETS

Cost

At 6 April 2011 Additions

Royalties £

1,500

At 5 April 2012

Depreciation

At 6 April 2011 Charge for year

At 5 April 2012

Net book value

At 5 April 2012

At 5 April 2011

10. TANGIBLE FIXED ASSETS

Cost At 6 April 2011 Additions

At 5 April 2012

Depreciation

At 6 April 2011 Charge for the year

At 5 April 2012

Net book value

At 5 April 2012

At 5 April 2011

1,500

1,500

1,500

Office equipment

£

14,063 2,314

16,377

13,702 953

14,655

1,722

361

The net book value represents fixed assets used for the management and administration of the Trust.

i

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THE BROMLEY TRUST


11. INVESTMENT PROPERTIES

UK investment

property £

Cost or valuation

At 6 April 2011 1,775,000 Disposals (875,000) Revaluation (80,000)

At 5 April 2012 820,000

Represented by:

Cost 885,000

Valuations (65,000)

At 5 April 2012 820,000

The investment properties were valued at open market value by Chesterton Humberts Chartered Surveyors on 27 July 2012.

Valuations comprise:

Valuation in 2007 555,000 Valuation in 2009 (432,000) Valuation in 2011 (108,000) Valuation in 2012 (80,000)

Total (65,000)

12. FIXED ASSET INVESTMENTS

Market value

At 6 April 2011 Additions at cost Disposal proceeds Realised losses Unrealised losses

At 5 April 2012

Listed Other securities investments

£ £ Total

£

14,010,852 943,894

(1,339,345) (7,754)

(204,391)

2,114 14,012,966 1,340,881 (1,151,780)

2,284,775 (2,491,125)

(7,754) (204,391)

13,403,256 191,215 13,594,471

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THE BROMLEY TRUST


12. FIXED ASSET INVESTMENTS (continued)

Investments at market value comprise:

Listed investments

Investment managers' dealing account

Total market value

UK £

11,458,816 191,215

11,650,031

Overseas £

2012 £

1,944,440 13,403,256 191,215

1,944,440 13,594,471

2011 £

14,010,852 2,114

14,012,966

Listed investments comprise:

UK fixed interest stocks UK equities and convertibles Overseas fixed interest stocks Overseas equities and convertibles

Total

2012 £

1,591,789 9,867,027

495,259 1,449,181

13,403,256

2011 £

1,618,392 10,478,692

512,707 1,401,061

14,010,852

The overseas equities and convertibles consist of funds in North America, Asia, Australasia and Europe.

Historical cost

Cost of investments

2012 £

11,417,280

2011 £

11,429,042

Material investments

Direct investments (over 5% by value of the portfolio) are:

Cazenove Investment Strategic Bond Royal Dutch Shell 'B' Ord Eur 0.07

2012 £

1,172,393 692,776

2011 £

1,216,827 712,804

13. DEBTORS

Other debtors

2012 £

935,798

2011 £

13,331

Page 21

THE BROMLEY TRUST


14. CURRENT ASSET INVESTMENTS

2012 2011 £ £

Deposits with brokers 193,706 192,300

15. CREDITORS: Amounts falling due within one year

2012 2011 £ £

Grants (note 18) 136,000 127,500 Other creditors and accruals 17,739 14,534

153,739 142,034

16. SUMMARY OF FUNDS

Brought Incoming Resources Transfers Gains/ Carried Forward resources Expended in/out (Losses) Forward

£ £ £ £ £ £

Income Fund (Unrestricted) 619,920 (790,221) 170,301 - -

Trust Fund (Unrestricted) 15,881,966 (41,487) (170,301) (248,503) 15,421,675

15,881,966 619,920 (831,708) - (248,503) 15,421,675

ANALYSIS OF NET ASSETS BETWEEN FUNDS

Trust Fund Income Fund Total Total (U n restricted) (U n restricted) Funds Funds

2012 2012 2012 2011 £ £ £ £

Tangible fixed assets 1,722 - 1,722 361 Fixed asset investments 13,594,471 - 13,594,471 14,012,966 Investment property 820,000 - 820,000 1,775,000 Current assets 1,005,482 153,739 1,159,221 235,673 Creditors due within one year - (153,739) (153,739) (142,034)

15,421,675 - 15,421,675 15,881,966

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the bromley trust

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