The Thriplow Charitsble Trust Report and Accounts 5 April 2021 Charity Number 1025531
Trustees. Annual Report for the period Period start date Period end date From 6 April 2020 To I. Reference and administration details April 2021 Charity name The Thriplow Charitable Trust Other names charity is known by Registered charity numb•r (if any) 1025531 Charity's principal address PO Box 225 Royston Postcode SG8 1BG Names of the charity trustees who manage the charity Name of person lor body) entitled to appolnt trusteè if an Trustee name Office lif any} Dates aetsd if not for whole year Professor Lord Robert Mair Dr Harriet Elizabeth Walston Crawford Chairperson Professor Dame Jean Olwen Thomas Professor David John McKitterick Professor Dame Caroline Humphrey 10 12 13 14 15 16 17 18 19 20
Names of the trustees for the charity, if any, {tor example. any Gustodian trustses) Nam8 Dates acted if not for whole ear Names and addresses of advisers (Optional infonnation) e of advisor Name Address Bankers PO Box No 2, Bene't Street, Cambridge, CB2 3PZ 50 Stratton Park, London, W1X 6NX Senator House. 85 Queen Victoria Street, London. EC4V 4AB. Barclays Bank PIC Nabarro Nathanson Solicitors Investments Quilter Cheviot Name of chlef executive or names of senior staff members {Optional infonnationl Catharine Walston - Secretary Structure, governance and management Description of the charity's trusts Type of goveming document Trust Deed dated 19 August 1993 How the charity is constitLrted Trust Trustee selection methods Appointed by existing trustees and confirmed by a meeting of the Trustees, the resolution is then signed by the Chairman of the Trustees. Additional governance issues (Optional inlomiation) You may choose to include additional information, where relevant, about.. Policies and procedures adopted for the induction and training of trustees. The charity's organisational structure and any wider network with which the charity works. The Trustees of The Thriplow Charitable Trust are responsible for holding the capital and income of the Trust Fund upon trust to apply the income and all or such part or parts of the capital at such time or times and in such manner as the Trustees may in their absoSute discretion think fil for or towards the charitable objects and in accordance with the Trust Deed. The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining reseNes at the levels slated will provide sufficient reSoUS in the event of adverse conditions. Relationship with any related parties. Trustees, consideration of major risks and the system and procedures to manage them.
Ob"ectives and activities Summary of the objects of the charity set out in its governing document The object of The Thriplow Charitable Trust is the advancement of higher and further education (whether in or in connection with universities, university colleges, colleges and other places of leaming or otherwise) and the promotion of research and the dissemination of the results of such research. Summary of the main activities in relation to theso objects The Trustees meel regularly to consider and approve grants payable and to ensure that the management is effective. Additional details of objectives and activities (Optional inforniation) You may choose to include further statements, where relevant, about.. The Trust does not ordinarily make grants to individuals. Policy on grantmaking Policy pragramme related investment Contribution made by Volunteers Achievements and performance Summary of the main achievements of the charity during the year The TNstees have continued in their objectives of the advancement of higher and further education and the promotion of research by making 2 number of grants lo suitsble applicants during the year. Applications for funds are received by the Secretary and those which qualify for grants are submttted to the twice yearly Trustee meetings. The income generated by the capital of the Trust is used to fund these grants. Financial review Brief statement of the charity's policy on reserves The Trustees aim to maintain tree reserves Inon-interest bearing cash resetves which are not held as inveslmentsl at a level which equates to approximately three months expenditure. The trustees consider that this level will provide sufficient funds to cover current activities in the short term should income from the investments drop significantty for any reason. At the year end there were more than sufficient unrestricted non-inlerest bearing cash reserves to cover this amount.
Details of any funds materially in deficit Further financial review dotails (Optional inforniation) You may choose to include additional information. where relevant about.. The charity's principal sources of funds (including any fundraising). How expenditure has supported the key objectives of Ihe charity. Inveslment policy and objectives including any ethical investment policy adopted. The secretary of the Trust is paid £1,800 quarterly {£7.200 p.a.). The Trustees have wde investment powers and all the investments made during the year fall within these powers. The portfolio of investments is held in a custodian service provided and managed by Quilter Cheviot. Other optional information Declaration The trustees declare that they have approved the trustses, report above. Signed on behalf of the charity's trustees Signature{s) Full name(s) Position (eg secretary. chalr, etc) Professor Lord Robert Mair Chair erson Date 2811012021
Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of The Thriplow Charitable Trust On accounts for the year ended 5 April 2021 Charity no {if any) 1025531 Set out on pages 7and8 Respectlve The charitys trustees are responsible for the preparation of the accounts. responsibilities of The charity's trustees consider that an audit is not required for this year trustees and examiner under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to.. examine the accounts under section 145 of the Charities Aot, to follow the PrOdre8 laid down in the general Directions given by the Charity Commission {under section 145{51{b} of the Charities Act, and to state whether particular matters have come to my attention. Basis of independent My examination was carried out in accordance with general Dirertions given examIneS statement by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit. and consequently no opinion is given as to whether the accounts present a true and fair, view and the report is limited to those matters set out in the statement below. Independent In connection with my examination, no matter has come lo my attention examinerfs statement 1. which gives me reasonable cause to believe that in, any material resped, the requirements.. to keep accounting records in accordan with section 130 of the Charities AGt,' and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met.. or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed: Date: 1711012(Jil Name: or Burdett King Accountancy Limited Relevant professional qualification{s} or body: Chartered Certffied Accountant Address: 8 The Hamiltons Newmarket, CB8 ONF
Section B Disclosure Only complete if the examiner needs to highlight material problems. Give here brief detalls of any items that the examinerwishes to dlsclosa.
The Thri low Charitable Trust 1025531 Receipts and payments accounts CC16a Forthe period from ril 2020 5 April 2021 Section A Receipts and payments UnrestriGted funds tothe nearest É Restricted funds Endowment funds to the nearest £ Total funds Last yèar tothe nearest £ tolhe ne•est £ tothe nearest £ A1 Receipts DwKlends 121,506 121,506 140.120 Gloss Interest- Capital account Gloss Interest- Income account 40 Gloss Interest- Barclays 10 Sub total 121.509 121,509 140.170 A2 Asset and investment sales, etc. 1,955,637 1,955,637 255.407 2,077.146 2,077,146 395.577 A3 Payments Secretarial expenses Printing, wstage, stationery Grants made 7,200 121 7,200 121 5,400 143 113.450 353 113.450 353 138.020 342 Royal Mail PO Box fee Accountancy Bank charges Investment management fee5 Computer hardwaFe and software 850 850 850 67 67 18,716 71 18,716 71 19.028 22 Sub total 140,828 140,828 163.889 A4 Asset and investment purchases. et¢. 1,769,360 1,769,360 190,323 Total payments 1.910.187 1,910.187 354.212 Net of re¢eipts/(paymentsJ A5 Transfers betvRen funds A6 Cash funds last year end Cash funds thls year end 166,959 11.473) 114,549 280.035 166,959 11.473) 114,549 280,035 41.365 156,7261 129.910 114.549
Section B Statement of assets and liabilities at the end of the period Unrestricted funds Restricted funds to nearest £ Endowment funds to nearest £ Categories Details to nearest £ B1 Cash funds Barclays Bank plc 23,216 Citigroup Quilter- Capital account Citigroup Quilter- Income account 255,279 1,540 Total cash funds 280,035 Unrestricted funds to rTeSt £ Restricted funds to nearest £ Endowment funds to nEaresr£ Details Funttto which as belon Current value Detailg Citigroup Quilter portfolio Cost loptlona B3 Investment assets Unrestricted 3.458,766 6,288,612 Fd to which asset belon Current value ional Details Cost loptionall B4 Assets retained for the charity's own use Fund to which rddtes When ional Details tional B5 Liabilities Sign8d by one or trustees on bèhalf of al the trustees Signature Print Name Date of rova Profèssor Lord Robert Mair 2811012021