Trustees’ Annual Report for the period
From: 1st January 2024 To: 31[st] December 2024
Charity name: The Thales Charitable Trust
Charity registration number: 1000162
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | For such charitable purposes and/or institutions, in particular for the relief of the poor, the needy, the sick and the disables and for such other wholly charitable purposes as the trustees shall in their absolute discretion determine. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
The Trust has given to 3 main charities in the year, Asthma + Lung UK, Primary Engineer, Combat Stress but it also gave to 25 other Charites in the year. This has included donations to The Open University, The Service Benevolent Funds, Civil Service Benevolent Fund. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The Trustees have considered the Public Benefit requirement and believe that all donations have met the requirement through being a specifically named category under Section 3.1 or under section 4.1 and 4.2 of the Act. |
Additional information (optional) You may choose to include further statements where relevant about:
| SORP reference | |
|---|---|
| Para 1.38 | |
| Policy on grant making | |
| Para 1.38 | |
| Policy on social investment | |
| including program related | |
| investment | |
| Para 1.38 |
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Contribution made by volunteers Other
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | The Trust has given to 59 organisations this year. This included major donations to each of the Services Benevolent Funds, Civil Service Benevolent Fund, Asthma + Lung UK, Primary Engineer, Combat Stress and the Open University. Some Other Donations were given to the following during the year: Batten’s Disease Family Association British Heart Foundation Caudwell Children Children Today Children’s Heart Federation Climb2Recovery Community Veterans Support Crackerjack’s Children’s Trust Cruse Bereavement Support Flourish NI Giving Day Helping Disabilities Trust Hope 4 UR Life Ltd Jigsaw Trust Joss Searchlight Lennox Children’s Cancer Fund Light Up Learning Lincolnshire Emergency Blood Bike Service Little Troopers Make –a-wish Foundation Make Them Smile Children’s Charity Merstham Community Facility Trust Mitchell’s Miracles Neuroblastoma Charity MOVE partnership National association for gifted Children Our Hidden Treasure Parenting Special Children Rainbow Trust Rare Chromosone Disorder Support Group REACT disaster response RefreshingMinds |
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Renewed Hope Trust
Service by Emergency Rider Volunteers
SHINE
Sunshine Wishes Children’s Charity
Sussex Search & Rescue
Teen Enterprise
Ten Little Toes Baby Bank
The Surrey Care Trust
The Wellspring (Stockport) Limited
Together for Short Lives
Young Urban Arts Foundation
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Additional information (optional)
You may choose to include further statements where relevant about:
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Achievements against Para 1.41
objectives set
Performance of fundraising
activities against objectives Para 1.41
set
Investment performance Para 1.41
against objectives
Other
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Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The Trust is solvent and has sufficient funds to meet its immediate needs. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The Trust does not set out to create any reserve for any of its funds. |
| Amount of reserves held | Para 1.22 | Nil. |
| Reasons for holding zero reserves |
Para 1.22 | The Trust seeks to give donations equal to the yearlyincome received. |
| Details of fund materially in deficit |
Para 1.24 | Not applicable |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | Not applicable |
Additional information (optional)
| Additional information (optional) | Additional information (optional) | |
|---|---|---|
| You may choose to include further statements | where relevant about: | |
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | The THALES Group of Companies |
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
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Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Trust deed |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Unincorporated Trust |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Appointed by the Trustee Board |
Additional information (optional)
You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | |
|---|---|---|
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
| Other |
Reference and Administrative details
| Charity name | The Thales Charitable Trust |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1000162 |
| Charity’s principal address | 350 Longwater Avenue Reading RG2 6GF |
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Names of the charity trustees who manage the charity Dates acted if not forwhole ear Trustee name Office (rfany) Name of person (or body) entitled oint trustee rfan Mike Seabrook John Howe Chairman Resigned 6/1112024 Resigned 3V0612025 Craig Stevenson Stephen Murray Apptd Chairman 6/11/2024 Lindsey Beer Darryn Rawlins Nigel Macvean Pamela Simpson Appointed 3110312025 Appointed 3V0312025 Appointed l July 2025 10 12 13 14 15 16 17 18 19 20 orate trustees - names of the directors at the date the re ortwasa roved Director name Name of trustees holding title to propety belonging to the charity Trustee name Datss acted rf notforw1le
Funds held as custodian trustees on behalf of others
Description of the assets nil held in this capacity Name and objects of the Not applicable charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for Not applicable safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
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Declarations The trustees declare that they have approved the trustees. report al>ove. Signed on behalf of the charity's Signature{s) Full name{s) Position (eg Secretary, Chair, etc) Michael S rook Trustee and Secretary Date
CHARITY COMMISSION FOR ENGLAND AND WALES The Thales Charitable Tntst Receipts and payments accounts CC16a For the period from 01-Jan-24 31-Dec-24 Section A Receipts and payments Unrestricted funds Restricted funds Endowment funds Total funds Last year to th• n•aw8st £ to tho n&arest£ to the nearest £ to the nearest £ A1 Receipts Donatsons 155.lJOO 155,iN)O 155.000 Sub total(Gross income for AR) 155.(KJO 1S5.000 1S5.000 A2 Asset and investment sales, (see table). Sub total 155.000 155.000 155.000 A3Pa ments Donations made Losu Uncashed donations 198,350 198.350 152.500 1.000 Sub total 198,350 198,350 151,500 A4 Asset and investment urchases,. see table Sub total 198.350 198,350 151,500 Net of receipts/(paymentsJ A5 Transfer5 between funds A6 Cash fynds last year end Cash funds this year end 43.350 43.350 3,500 75.608 32.258 75,608 32.258 72,108 75,608 CCXX R1 accounts ISS) 4Tr1ALES GROUP UMtrED Dt¥rRIBUTK)N} 0611or2025
Section B Statement of assets and liabilities at the end of the period Unrestricted funds to nea$t £ Restricted funds to nearest£ Endowment funds to nèarest £ Categories Details B1 Cash funds Cash at Bank 32.258 Total cash funds 32,258 Restricted funds lo neat £ Endowment funds to n•arest £ fund5 to rwrest£ B2 Other monetary assets Fund to Twhich Cost (optional} Current value tional Details B3 Investment assets Fund to which asset belon Current Value ional Details C05t loptionall B4 Assets retained for the charity's own use FUTMI to t*hich relate5 Amount duo tional When dL&e tional Details B5 Liabilities Signed by one or bwo Irustees on behalf of all the trustees Piint Name Date of roval M Seabrook CCXX R2 a¢Unts ISS} .ITHAiES GROUP UMtTED DisfREBLrrioNI 0611012025 10
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of Charity Narne The Thales Charitsble Trust On accounts for the year ended 31 December 2024 Charity no (if any) 1000162 Set out on pages 1-10 (remember to include the page numbers of additional sheets) I report to the trustees on my examination of the accounts of the above charity ('the Trust") for the year ended 31 December 2024. Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report 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. I have completed my examination. I confirm that no material matters have ome to my attention (other than that disclosed below ') 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 Independent examinerfs statement I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understsnding of the accounts to be reached. Please delete the words in the brackets if they do not apply. Date: Ir 2P2r Signed: Name: John Speed Relevant professional qualification(s) or body (if any): FCA - Chartered Accountant (ICAEW) Address: JS2 Limited, One Crown Square Woking, Surrey GU216HR IER 11 October 2018
Section B Disclosure Only complete if the examiner needs to highlight matters of concem (see CC32, Independent examination of charity accounts: directions and guidance for examiners). Give here brief details of any items that the examiner wishes to disclose. IER 12 October 2018