POLIZZI CHARITABLE TRUST TRUSTEES, REPORT AND FINANCIAL STATEMENTS YEAR ENDED S APRIL 2024 Registered Charity Number 1053987 POUZZI CHARITABLE TRUST INOEX Ymr ended 5 Aprll 2024 Pago Trustees. rep¢xt Independent examinallon Statement of fin8ncl81 activities Balance sheet Notes to the flnarKxal statements POLIZZI CHARrrABLE TRUST INDEPENDENT EXAMINA TION Year ènded 5 Awil 2024 I rerort to the tnknes on my examination of the ac¢ounts of the Trust for the ended S Aprll 2IY24. Responslbllhles basls of report As (tharfty trustees of the Trust you are responsible for the preparation of the accounts in a(xordance fjth the requirèments of the Charities Act 2011 Ad). You are salisfied that an audit is not required ft>r this year under tharity law and that an independent examinatron Is needed. I report in respect Df my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carying out my examination I have folkmpd all the applicable Directions gT¥en by the Charity C¢xnmisslon under saction 145(5Xb) of the Acl. An independent exam1r￿tiOn does not involve gathemg all the eviderK* that would be required n an audit and consequently does not cover all the matters that an auditor considers in giving thotr opinK)n on the accounts. The planning and conduct of an audit goes beyond the limited assuran￿ that an irKlependent examination can provide. Consequently, l express no oplnion as to whether the acKounts present a arKI fail view and my report is lifflited to those speafjc matters set out In the Independent examin8rfB statemerrt. Indepondenl examin*s statemont l am qualified to undertake the examination by being a quallfied memb8r of the Instltute of Chartered Accountants in England and Wales. I have completed my examinallon. I confinn Ihat no material matters have come to my attention in connectlon with the examlnation givin9 me cause to believe that in any materfal respe¢L' 1. accountkng re￿rdS wère not kept in respect of the Tnffjt as requrad by section 130 of the Act or 2. the accounts do not aGex)rd wtth th08e records. or 3. the accourts do not comply wtth the applicable requirements concemlng the fc￿￿ and conlent of a¢¢ounts set oul in Ihe Ch￿itIeS (Accounts and Reports) Regulations 2008 olher than any requlrernent that the 8ccounts glve 8 'tr￿ and far view ts Mt a mattèr consklered as part of an independent examin8tion' ( 4. the accounts have nol been prepared In accordan￿ with the methods and prfndples of the ststement of Recornmended Practice for accountlng and repcvtirKJ by charities applicable to charibes prepartng their accounts in accordanGe with the Fv78ncial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102}- I have no concerns arvj have come across no matters In (xJnnectl￿ ￿ryth the examination to which attenlton should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Q.c. Mr D Ashby FCCA ACA Gbbons Mannington & Phipps LLP 82 High Street Tenterden Kent TN30 6JG 2025 POLIZZI CHARITABLE TRUST TRUSTEES. REPOR T Year ended 5 Aprfl 2024 The TfUStee5 wosent their rwl and Ihe firAncial statements Th& Polizzi Charitable TNSI for the year ended 5 Awil 2024. The financial statements have been prepared in acrA)rdarKe with the accounting pofficiès Set out in note 1 and cofflpty with the Charity's Trust Deed, the Charities Act 2011 and the sta1am&￿ of Recommended Practice 'AccA>unting arml Rewting by Charities preparing Iheir accounts in ￿COrdanCe with the FinarKaal Reportlng StsThJards appllcable in the UK and Repubfic of Ireland {SORP FRS 102) (effective 1 January 2019r. Structure. governance and nwnagement The Trusi was COTksllt￿ on 19 March 1996 by The Hon Lady O M L A Polzzi di Sorrentirn CBE. arKI is a registered Gharity (No. 1053987) under the Charilie5 Act 2011. Power of appointmenls of the n8W Trustees is vested in the exIsti￿j Trustees arKI rnay be exercbsed al their discretion. Details of the Truste8s who served duriThJ the year and other rèlevant 9engral Infomiation Is set tyjt on pag8 3. The major rlsks lo which the Chwity is exposed. as kl8ntified by the Trustees, have revlewed and systems have been estsblished to mil￿ale thosè risks. Objectlves and actlvltlos for publlc bengfft The object of the Trust Is to aroly the TrusV8 incorne to charltable purposes. and It achleves thls by making grants and doTPtlons lo other thrI￿le institutions at thè absoluto di￿retIOn of the Twstees. Underthe tèrms of the Trust Deed the unrestricted fund is expendable on such tharttles or charitable purposes as the Trustees detemiine. The Trustees. havlng regord to the publlc benefft guidance published by the Char6tl8s Commission, In acGwdance with Section 17 of the Charities Act 2011, ccfflsider thaithe purpose of actlvities of the Charity satisfy requirements of the p￿11¢ benefit as s8t out in Seciion 4 of the sam8 ACL A¢hlavem8nts and perfomiarKe The finanual pgrfonnance of th8 Charity is fully dependent on the donations it r￿1veS from the Settlor. The Hon Laity O M L A Polizzi di Sorrentino CBE, and this is expeCt￿j to be the case going forward. The Charity received donations of £201.610 from the Settlor during the year (2023- £nil). funds are then distributed through grants to tharitable individuals and instiiutions in kIrt￿eran￿ of the objectives of the Charity at tha Trustees. disttetion. Financlal ravlew Tho financial stat•mw)ts are set out on pages 5 to 9. A list of dlstrlbutlons made In the year ended 5 Aprfl 2024 appears In note 5 to the financial staternerts. The grants made during the ￿Twtte to thirteen (2023 - 88V8n) charities and totsled £81.900 not (2023 - £18.000). It Is the Trustees, policy not to retain reserves as the Chartty's overheads are POLIZZI CHARITABLE TRUST TRUSTEES Yoar endod 5 Aprfl 2024 Rofarencé and admlnlstrativo dota116 Trusteos The Hon Lady O M L A Polizzi di Sorren￿rI) CBE A Miller Pths C PotizZFPe￿on Mme M Claudel Mr D H Nelson Mrs J Lewendon Reglster•d address 78 St James, Streot London SW1A 1JB On behalf of the Trustees Af. THE HON LADY O M L A POLIZZI DI SORRENTINO CBE Truslee 0110912025 2025 POUZZI CHARITABLE TRUST ST A TEMENT OF FINANCIAL ACTIVITIES Yoar •nded 5 Apru 2024 Tolol 2024 Total 2023 Nole Incomè and endown*nts from: Donatlons and legacles Bank interesl HMRC repayment Interest Total income and endowm*rts 1.925 34 46 254.340 1.959 Expondituro on: Charttable activitF¢s 78.650 faOOO Governance costs.. Bank charges Accountanoy expenses Total gxp•nditure 2,725 81,815 1.925 20,311 Net Income 172,525 (18.352) Rocondllation of funds: Totsl funds brought forvdrd at 6 Aprll 2023 Total fvnds canled forward at S Aprll 2024 7.591 180.116 25,943 7.591 All income and exper¥Jllure derive from continuing adivities. POLIZZI CHARITABLE TRUST BALANCE SHEET AI 5Aprfl 2024 Note 2024 2023 Currnnt assgts Debtors Cash at bank 50,403 130,513 6.640 4.207 10.841 Totsl Current assets 180,916 Liabiliiles Creditors: amounts falling due wthin one year (800) 180,116 (3.250) Nqt current assets 7,591 The f￿d$ of tho charlty Unrostri¢ted fund 180.116 7,591 Total charity funds 180.116 7,591 The financial ststements Sel out pages 5 to 9 were approved by the Trustees on 2025 and were signed on their beh8lf by: THE LADY O M L A POUZZI DI SORRENTINO CBE Trustee POUZZI CHARrrABLE TRUST NOTES TO THE FINANCIAL ST ATEMENTS Year •nd•d 5 ApTI 2024 Ac¢ourtlng pollckns The finarKlal statemonts have wepwed in awdar#x* vllh akyli¢ab* accounbrg staThlath the statement of ROG￿Mended Pth'Arthur￿l￿ and Reportkng Chariiles preparlrKJ thelr fjronelal slatem* In aewdance with th8 Flnancial Reportlro Standard app￿￿ in the UK and Republ1¢ of Ireland (SORP FRS 102) (eff￿lIVe 1 Januwy 2019). arKI thg Ad 2011. The p•tloJlar account1r￿ pOl￿S •Jcot¢d aTe deS￿lbed b8bw. The Trust cOr￿j￿ 8 pth)k bon8fft ag d￿ned by FRS 11Y2, Assets and lknbilili89 are initrally racoJnised at I￿￿t￿l¢Al c4)st orlrartsxtion valu8 urkn other4vlso statod In the rdevant aco)urtlw pollGy The Twst is deP￿ent on rts settknfor tts Income aTrl Ihg Tn*ia8s UndeTrtsndl￿fijlldl will bo M￿le avallable to o)vwthe s modèst Wiense6, Th8refore, the fjnarKi81 statements Imvè b8en prepared on a golng certwn basis. The frnKTral statern￿ts are presentad in S￿Ing whl¢h Is Ihe financtal currgrw dthe Trust and rO￿ded to the nearest L The CharfVs LThiprf& an UMStr￿ fimd that is 8¥aNablefor u88 at tho Tii*(968' dl8UetN)n in IThjrtf￿ance of Ihe ¢tr￿able ob￿￿. Donatlons ar8 recognlsed when ts Char*y beccrn enlugd to the drxwliw and l$r*oboble that thè by FRS 102 or SORP FRS 102. Thg Tr￿teaS make di*fvutkns from the UrYeStsl￿￿l ful￿ al￿1rd£￿e￿ory and w¢h dlstrbullms are a¢rA)rdlngty brw Into accwnt the Charlty has bec4xne conm1￿ kn paymenL 0th8r 8xpw￿eS are a&))￿t￿ for on Hn ￿¢￿18 ￿S1* and Induslve of Irrecovwable VAT. Donatlons and legacles 2024 Cash donatlons from Settlor Gift AKI recoverabk èn ca8h donati￿$ Donated acoxmtancy 8eTvices, k￿YdIng wafved debts (se8 not• 3) 201,610 50.403 1,925 253,938 1,925 1,925 Dwlng the year. no fees (20rJ- £nll) charged in respect of ac¢ountsrry sorvlceg provided by Dlxo WIS￿. a fmn in *thlch David a TnAtee ofthis tharty, Is a partner. A¢{￿ntarY 8eNices of£1,925 (2023. £1,925) have beffi dornted in the year, and are recorded as in￿me from donated serdces and a ¢cKresp(xthKJ ac£wntarry expwise. No h1stW￿feeS wue wafved duri￿ th& year (2023. &il). The Trustees ¥e athorf8ed ty tho Tntst Deed to pay wofeSS￿ tharges toTYustees a profo￿lOnal capa* the Instr￿thns ofthoolher Twst POUZZI CHARrrABLE TRUST NOTES TO THE FINANCIAL ST A TEMENTS Y•ar end•d S Aprll 2024 Employeos The Trust did nol have any employees during the year (2023- nil). Reclplonts d Ir￿lutIonal wants 2023 ctBrleston Trust East lknuntbatten Hosplce Clty of Westsninstor Charitable Trust PAeast Cancer Now The L￿d'S Tavemers The Royal Opera House Covent Garden Foundation Tty￿er Gallèry Raknbtyv Childran's Hospice Landau Forte Charltsbje Trust Glyndethoume PrOd￿tionS New Herltage Foundatlon Wyc(xrkne Youlh Action Conwiall Alr Arnbulw Hlstork adjustm8nt Tybum convent Ilest Lmdon Zone Slr sin￿ Mlton F￿rKlatiOn The HarMl81 House Trust Ltd St Just in R08etand and St Mawe$ PC FOC The Wr8n Project Th8 Garden Muse 10,0 1,000 8,41YJ 10,OCX) 2,0 2,OLX) 10.000 10,000 5.000 (3,250) 78.650 18,OiX) All grants made with no restrfclions attached and are to be used by tho Chwity to meet Its general Aftatysis of charllablo •xpendltur• The Charlty undertakes its charftsble adlvlttes through grant making and awards grnnts to Inthutlons In furtherance of its charitable obiecti¥os. Tolal 2024 activlty ChariL**le activitres 3,165 3,165 75,485 75,485 Total rn650 2024 2023 Barl( tharges A(xcwntan¢y fees Indep￿d￿l Exarninakn fqes 1,925 1,925 3,165 2,311 POUZZI CHARITABLE TRUST NOTES TO THE FINANCIAL ST A TEMENTS Y•ar •nd•d 5 Aprll 2024 2024 2023 Gift AKI receNable Expanses repayable by Truste98 50,403 250 50,403 4640 Crgdltars: amounts faNkng due wlthln on• yur 2024 2023 Independent Examlnatlon fees Donatlons to tharilable inslttutlon$ not havlng deared the bank 800 &250 1250 800 Relot•d P•rty Trnnsactlons The Hon Lady O￿a Pollzzl. 8 tru8180,18 also a men*)èr of the governlng body of tho Landau Forte Charitable Tru*. Durtng the year. the Trust m* a donalk)n of £2,00012023 - £nil) to the L8rKl8u Forte Charltabla Trust In ¢Nder lo pur¢haso blxks for %hr)ol¢hlldren. The Trust also mada a donatlon of £3,IX)0 {2023- £rf1) lo New Heritage Foundatlon UK, an un¢orniected chath, in re8PgQt of 8 Gal8 dlnner whl¢h vrds attended by The Hon Lady Olga Pollzzi. who Is a tr￿. Lady Pollzzl subsequ8nlty repald thls amourt to Twst In full, arKI tlwe Was no outstandlng balance as at 5 A￿1 2024.