The Thriplow Charitable Trust Report and Accounts 5 April 2024 Charity Number 1025531
Trustees, Annual Report for the period Period start date 'Tl Period end date D¢'i From 6 April 2023 To Reference and administration details April 2024 Charity name The Thriplow Charitable Trust Other names charity is known by Registered charity number (if any) 1025531 Charity's principal address PO Box 225 Royston Postcode SG81BG Names of the charity trustees who manage the charity Name of person {or body) entltled to appolnt trustee ifan Trustee name Offlce {If any) Dates acted If not for whole year Professor Lord Robert Mair Chairperson Dr Harriet Elizabeth Walston Crawford 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, (for example, any custodian trustees) Name Dates acted if not for whole ear Names and addresses of advisers (Optional infomiation) e of advisor Name Address Bankers Barclays Bank PIC PO Box No 2. Bene't Street. Cambridge.CB2 3PZ CAF Bank Ltd 25 Kings Hill Avenue, Kings Hill, West Malling, Kent. ME19 4JQ Solicitors Nabarro Nathanson 50 Stratton Park, London. W1X 6NX Senator House, 85 Queen Victoria Street, London. EC4V 4AB. Investments Quilter Cheviot Name of chief executive or names of senior staff rnembers (Optional infomiation Catharine Walston - Secretary Structure, overnance and mana ement Description of the charity's trusts Type of governing document Trust Deed dated 19 August 1993 How the charity is constituted leg trust. association, company,, 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 govarnanca i53ues (Optional information) 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 absolute discretion think fit 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 reserves at the levels stated will provide sufficient resources 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 learning or otherwise) and the promotion of research and the dissemination of the results of such research. Summary of the main activities in relation to these objects The Trustees meet regularly to consider and approve grants payable and to ensure that the management is effective. Additional details of objectives and activities (Optional information) You may choose to include further statements, where relevant, about: Policy on grantmaking Policy programme related investment The Trust does not ordinarily make grants to individuals. Contribution made by Volunteers Achievements and performance Summary of the main achievements of the charity durlng the year The Trustees have continued in their objectives of the advancement of higher and further education and the promotion of research by making a number of grants to suitable applicants during the year. Applications for funds are received by the Secretary and those which qualify for grants are submitted 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 free reserves (non-interest-bearing cash reserves which are not held as investments) 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 significantly for any reason. At the year end there were more than sufficient unrestricted non-interest-bearing cash reserves to cover this amount.
Details of any funds materially in deficit Further financial review details (Optional information) 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 the charity. Investment policy and objectives including any ethical investment policy adopted. The secretary of the Trust is paid £1,900 quarterly (£7,600 p.a.). There are 3 payments included in the accounts for the YE 514124 as the final payment for the period 1 January 2024 - 31 March 2024 was paid on 11 April 2024. The Trustees have wide 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 trustses declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signature(s) Full name(s) Position (eg secretary, chair, etG Professor Lord Robert Mair Chair erson Date
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 2024 Charity no (if any) 1025531 Set out on pages 7and8 Respective The charity's 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 Act, to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(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 Directions given examiner's statement by the Charily 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 to my attention examiner's statement 1. which gives me reasonable cause to believe that in, any material respect, the requirements.. to keep accounting records in accordance with section 130 of the Charities Act,. 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: 2710912024 Name: L King for urdett King Accountancy Limited Relevant professional qualification(s) or body: Chartered Certified Accountant Address: 8 The Hamiltons Newmarket. CB8 ONF
Section B Disclosure Only complete if the examiner needs to highlight material problems. Give here brief details of any items that the examiner wishes to disclose.
The Thri low Charltable Trust 1025531 Receipts and payments accounts CC16a For the period from 6 April 2023 To 5 April 2024 Section A Receipts and payments Unrestricted funds to the nearest £ Restricted funds to the n•arest £ Endowment funds to the nèarest £ Total funds Last year to the nearest £ to the nearest £ A1 Recelpts Dividends 173,777 173,777 149,763 Gross Interest - Capital account Gross Interest- Income account Gross Interest- Barclays 163 163 11 Sub total 173,940 173,940 149.774 A2 Asset and Investment 8ale8. etc. 1,268,190 1,268,190 1,669,376 Total receipts 1,442,130 1,442,130 1,819,150 A3 Payments Secretarial expenses Printing, postage, stationery Grants made 5,700 81 5.700 81 9,324 22 165,000 396 165,000 396 181.455 378 Royal Mail PO Box fee Accountancy Bank charges Investment management fees Computer hardware and sofvare 850 850 850 60 60 121 19,641 1.063 19,641 1,063 19,914 72 Sub total 192,791 192,791 212,136 A4 Asset and Investment purchase5, Otc. 1,246,836 1,246,836 1,609.278 Total payments 1,439,627 1,439,627 1,821,415 Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end 2,503 2,503 (2,265) 51,517 71,184 120,436 120,436 122,939 120,436 122,939
Section B Statement of assets and liabilities at the end of the period Unrestricted funds to ngarost £ Restricted funds to nearest £ Endowment funds to nearest £ Categories Details B1 Cash funds Barclays Bank plc CAF Account 92,893 Citigroup Quilter- Capital account Citigroup Quilter- Income account 29,103 Total cash funds 122,939 OK Unrestrlcted funds to nearest £ OK Endowment funds to nearest £ Restrlcted funds to noarost £ Details Fund to whlch agsat bolon Details Citigroup Quilter portfolio Cost {optlonal) Curr•nt valu• lonal 83 Investment assets Unrestrlcted 6,076,101 6,941,949 Fund to whl¢h ass•t belon Currnnt value tional Details Cost (optlonall B4 Assets retalned for the charity's own use Fund to whlch relate5 Amount duè lonal When due ional Details B5 Liabilitles Signed by one or Iwo trustees on behalf of all the trustees Date of roval Signature Print Name Professor Lord Robert Mair