REGISTERED COMPANY NUMBER: 06974351 (England and Wales)

REGISTERED CHARITY NUMBER: 1131146

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

FOR

THE MISS BERYL BILLINGS

(KNOWN AS MARGOT BOYD)

CHARITABLE TRUST

Page

Report of the Trustees

1

to

2

Independent Examiner's Report

3

Statement of Financial Activities

4

Balance Sheet

5

to

6

Notes to the Financial Statements

7

to

11

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 5 April 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Charity's purposes as set out in the Company's constitution are :

To advance education in, and to promote and provide opportunities for the appreciation, enjoyment and understanding of, the theatrical arts in Bath.

To relieve sickness, promote health, and relieve financial hardship among active and retired members of the acting profession, in particular but without limitation by the provision of grants.

The charity's objectives and aims are carried out with regard to the Charity Commission guidance on public benefit.

ACHIEVEMENTS AND PERFORMANCE

Background

The Charity was set up to hold the residue of the estate of Miss Beryl Billings (whose stage name was Margot Boyd). In her will, Miss Billings gave her residuary estate to her executors and expressed the wish that a charity be set up to hold it. The charitable company was incorporated on 28th July 2009 and registered with the Charity Commission on 14th August 2009. It duly received the residue of the estate of Miss Billings upon the completion of the administration of the estate.

Financial matters

During the year ended 5 April 2025 the company received income of £106,252 and incurred expenditure of £307,445 including £240,000 in grants to the Theatre Royal, Bath..

The main source of income is investment income received by the charity.

Investments

The charity holds only liquid assets, they have been invested in accordance with advice provided by JM Finn & Co Ltd.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, i.e its memorandum and articles of association, and is constituted as a limited company, limited by guarantee, as defined by the Companies Act 2006.

Organisational structure

There are three trustees who have full control over the charity and make decisions based on the objects of the charity.

Management

The charity has three trustees, Judith Pepler, Andrew Mortimer and Timothy Rutherford, who meet regularly to review issues affecting the company.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

06974351 (England and Wales)

Registered Charity number

1131146

Registered office

Upper Borough Court

Upper Borough Walls

Bath

BA1 1RG

Trustees

Mrs J A Pepler

Mr A J Mortimer

Mr T Rutherford

Company Secretary

Mr A J Mortimer

Independent Examiner

Berkeley Hall Marshall Limited

6 Charlotte Street

Bath

BA1 2NE

Solicitors

Stone King LLP

Upper Borough Court

Upper Borough Walls

BATH

BA1 1RG

Bankers

CAF Bank

25 Kings Hill Avenue

Kings Hill

West Malling

Kent

ME19 4JQ

Approved by order of the board of trustees on 24 December 2025 and signed on its behalf by:

Mr A J Mortimer - Trustee

Independent examiner's report to the trustees of The Miss Beryl Billings (known as Margot Boyd) Charitable Trust ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 5 April 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.

Matthew Small

Berkeley Hall Marshall Limited

6 Charlotte Street

Bath

BA1 2NE

24 December 2025

2025

2024

Unrestricted

Total

funds

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Investment income

2

105,832

111,694

Other income

420

236

Total

106,252

111,930

EXPENDITURE ON

Raising funds

3

25,171

22,861

Charitable activities

Payments

240,000

80,000

Sale of shares

(52,264

)

5,593

Other

5,829

7,064

Total

218,736

115,518

Net gains/(losses) on investments

(88,709

)

139,699

NET INCOME/(EXPENDITURE)

(201,193

)

136,111

RECONCILIATION OF FUNDS

Total funds brought forward

4,111,273

3,975,162

TOTAL FUNDS CARRIED FORWARD

3,910,080

4,111,273

2025

2024

Unrestricted

Total

funds

funds

Notes

£

£

FIXED ASSETS

Investments

7

3,481,624

3,438,097

CURRENT ASSETS

Debtors

8

33,307

33,307

Cash at bank

395,750

640,470

429,057

673,777

CREDITORS

Amounts falling due within one year

9

(601

)

(601

)

NET CURRENT ASSETS

428,456

673,176

TOTAL ASSETS LESS CURRENT LIABILITIES

3,910,080

4,111,273

NET ASSETS

3,910,080

4,111,273

FUNDS

10

Unrestricted funds

3,910,080

4,111,273

TOTAL FUNDS

3,910,080

4,111,273

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 24 December 2025 and were signed on its behalf by:

Mr A J Mortimer - Trustee

Mrs J A Pepler - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2.	INVESTMENT INCOME

2025

2024

£

£

Other fixed asset invest - FII

87,579

103,251

Deposit account interest

18,253

8,443

105,832

111,694

3.	RAISING FUNDS

Investment management costs

2025

2024

£

£

Portfolio management

25,171

22,861

4.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2025

2024

£

£

Surplus/(deficit) on disposal of fixed assets

(52,264

)

5,593

5.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 5 April 2025 (5 April 2024 - nil). However the company paid legal fees to Stone King LLP, a firm of solicitors, of which two of the trustees, Andrew Mortimer and Timothy Rutherford, are partners. The fees were agreed and paid in accordance with the charity's governing document and section 185 of the Charities Act 2011. Details of the amount paid is given in note 11 - 'Related Party Disclosures'.

Trustees' expenses

There were no trustees' expenses paid for the year ended 5 April 2025 nor for the year ended 5 April 2024.

6.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

funds

£

INCOME AND ENDOWMENTS FROM

Investment income

111,694

Other income

236

Total

111,930

EXPENDITURE ON

Raising funds

22,861

Charitable activities

Payments

80,000

Sale of shares

5,593

Other

7,064

Total

115,518

Net gains on investments

139,699

NET INCOME

136,111

RECONCILIATION OF FUNDS

Total funds brought forward

3,975,162

TOTAL FUNDS CARRIED FORWARD

4,111,273

7.	FIXED ASSET INVESTMENTS

Listed

investments

£

MARKET VALUE

At 6 April 2024

3,438,097

Additions

499,534

Disposals

(367,298

)

Revaluations

(88,709

)

At 5 April 2025

3,481,624

NET BOOK VALUE

At 5 April 2025

3,481,624

At 5 April 2024

3,438,097

There were no investment assets outside the UK.

Cost or valuation at 5 April 2025 is represented by:

Listed

investments

£

Valuation in 2023

3,205,501

Valuation in 2024

232,596

Valuation in 2025

43,527

3,481,624

8.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

33,307

33,307

9.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Accrued expenses

601

601

10.	MOVEMENT IN FUNDS

Net

movement

At

At 6.4.24

in funds

5.4.25

£

£

£

Unrestricted funds

General fund

4,111,273

(201,193

)

3,910,080

TOTAL FUNDS

4,111,273

(201,193

)

3,910,080

Net movement in funds, included in the above are as follows:

Incoming

Resources

Gains and

Movement

resources

expended

losses

in funds

£

£

£

£

Unrestricted funds

General fund

106,252

(218,736

)

(88,709

)

(201,193

)

TOTAL FUNDS

106,252

(218,736

)

(88,709

)

(201,193

)

Comparatives for movement in funds

Net

movement

At

At 6.4.23

in funds

5.4.24

£

£

£

Unrestricted funds

General fund

3,975,162

136,111

4,111,273

TOTAL FUNDS

3,975,162

136,111

4,111,273

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Gains and

Movement

resources

expended

losses

in funds

£

£

£

£

Unrestricted funds

General fund

111,930

(115,518

)

139,699

136,111

TOTAL FUNDS

111,930

(115,518

)

139,699

136,111

A current year 12 months and prior year 12 months combined position is as follows:

Net

movement

At

At 6.4.23

in funds

5.4.25

£

£

£

Unrestricted funds

General fund

3,975,162

(65,082

)

3,910,080

TOTAL FUNDS

3,975,162

(65,082

)

3,910,080

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming

Resources

Gains and

Movement

resources

expended

losses

in funds

£

£

£

£

Unrestricted funds

General fund

218,182

(334,254

)

50,990

(65,082

)

TOTAL FUNDS

218,182

(334,254

)

50,990

(65,082

)

11.	RELATED PARTY DISCLOSURES

Mr A J Mortimer and Mr T Rutherford, trustees of the charity, are partners of Stone King LLP who are the charity's solicitor. Total related party transactions for the year totalled £4,595 for professional services provided (last year £5,851).