## **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|
1
{THALES GROUP LIMITED DISTRIBUTION}
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|
2
{THALES GROUP LIMITED DISTRIBUTION}
**----- Start of picture text -----**
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
**----- End of picture text -----**
## **Additional information (optional)**
You may choose to include further statements where relevant about:
**----- Start of picture text -----**
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
**----- End of picture text -----**
3
{THALES GROUP LIMITED DISTRIBUTION}
## **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|||
4
{THALES GROUP LIMITED DISTRIBUTION}
## **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|
|||
5
{THALES GROUP LIMITED DISTRIBUTION}
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**
7
{THALES GROUP LIMITED DISTRIBUTION}
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