REGISTERED CHARrrY NUMBE￿ 1064392
Report gf the Trustee and
Audlted Flnanclal Statemants for the Year Ended 30 June 2021
Tax Advisers. Charltable Trust
Critchleys Audit LLP
Statutory Auditors
Beaver Housè
23-38 Hyihe Bridge Street
Oxford
Oxfordshire
OX1 2EP

Tax Advisers. Charitable Trurt
Contents of the Financial Statements
forthe Year Ended 30 June 2021
Page
Reference and Admlnlstratlve Detalls
Report of the Trusts•
Report of the Independent Auditors
statement of Flnanclal Actlvltles
Balance Sheet
Notw to tho Flngnclal Ststemqnts
10 to 13

Tax Advisers, Charitable Trust
Reference and Administrative Detai15
for the Year Ended 30 June 2021
REfj1￿ERED CHARITY
NUMBER
1064392
PRINCIPAL ADDRESS
30 Monck Street
London
SW1 P 2AP
TRUSTEE
The Worshipful Company of Tax Advisers (incorporated by Royal
Charter)
HONORARY ALMONER
J Dewhurst 30 Monck Street London SW1P 2AP
HONORARY TREASURER
H Ashmore 69 Knowl fvece, Wilbury Way Hitchin SG4 OTY
AUDrroRS
Critchleys Audit LLP
StatLrtory Auditors
Beaver House
23 -38 Hythe Bridge Street
Oxford
Oxfordshire
OX12EP
FINANaAL ADVISERS
Quilter Cheviot Limited
90 Long Acre London WC2E 9RA
BANKERS
HSBC BANK PLC
19 Grosvenor Place
London SW1X 7HT
Pag¢ I

Tax Advr5ers' Charitable Trust
Report of the Trustee
for the Year Ended 30 June 2021
The Trustee presents its twenty-sixth annual report and financial statements of the charity for the
year ended 30 June 2021. The financial statements have been prepared in accordance with the
accounting policies set out in note 1 to the accounts and comply wth the CharIt￿S trust deed, the
Charities Act 2011 and Accounting and Reporting by Charitie5: Statement of Recommended
Practice applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019).
STRucfuRI GOVERNANCE AND MANAGEMENT
structure. govemance and management
The Charity is a registered charity whose governing document is its Declaration of Trust dated 19th
May 1997 las amended). The Charity changed its name from The Guild of Tax Advisers, Charity to
Tax Advisers, Charitsble Trust by deed dated 1 5th February 2006. The sole power to appoint new
additional Trustees is vested in the Master of the Worshipful Company of Tax Advisers.
In the management of the Charity the Trustee is represented by its Charities Committee whose
members are drawn from the Court of the Company and are in their own right experienced tax
practitioners with knowledge of the charitable needs of The City of London and of organisations
providing tax advice to the needy. They are responsible for the system of internal financial control
and setting overall financial objertives. There 15 a clear structure of authority and control
responsibilities. They keep under review the risks which the Charity runs.
Risk management
The Charities Commi(tee has on behalf of the Trustee considered the major risks to which the
Charity is exposed and has reviewed those risks and established systems and procedures to
manage those risks.
The Charity'5 powers of investment are set out in its Declaration of Trust which states that the
Trustee has power to invest Trust rnoney in any property or investments of whatever nature and
wherever situated.
Under its investment policy, the Charities Committee:
tskes independent investment advice on longer term investments",
regularly reviews the value of the funds the Charity requires to be held in investment, short-term
deposits and cash. to ensure that they are adequaie to meet the obligations identified in the
Charty's strategy document:
regularly revrews with its investment advise￿ the performance of longer-term investments". and
invests liquid assets in short-term low risk inve5tment5.
Based upon independent advice the Charities Committee invested a proportion of funds in
corporate bonds during the year, reducing the ChariW5 exposure to equities.
Page 2

Tax Advisers. Charitable Trust
Report of the Trustee (continued..)
for the Year Ended 30 June 2021
OBJECTIVES AND ACTniiTIES
Objectives and aims
The objects of the Charity are the advancement and promotion of such charitable object5 or
purposes as shall be exclusively charitable according to the law of England and Wales.
The Trustee has resolved that the Charity's income should generally be disbursed for the benefit of:
charities involved with taxation. including education and the provision of tax advice to those who
need it but are unable to afford it and
other charities involved with the City or its immediate neighknurhotsj.
The members of the Charities Committee confirm on behalf of the TNstee that they have had due
regard to the guidance contained in the Charity Commission's general guidan￿ on public benefit
when reviewing the Charitys aims and objectives and in planning future activities and settling
grant-making policy for the.year.
The Charities Committee carried out those objectives by meeting four times during the year to
make grants in accordance with the objects of the Charity.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year the Charity made grdnts in accordance with its objectives amounting to £27.728
{2020: £38,224).
Details of the beneficiaries are set out in note 6 to the accounts.
FINANaAL REVIEW
Flnancial position
Reserves are held to provide financial stability and the means for the development of the Charitys
principal objectives.
Resetves at 30th June 2021 were £265,244 (2020: £209,601).
The Charity is supported by donations from the liverymen and freemen of the Company and
others.
The Trustee is grateful for the voluntary help given in book keeping, accounting and
ministration. Since no other party is bearing the financial cost of these donated resources their
value has not been included in intangible income in the statement of financial activities.
Page 3

Tax Adv15er5' Charitable Trust
Report of the Trustee (continued..)
for the Year Ended 30 June 2021
TRusfEE'S RESPONSIBILrrY STATEMENT
The trustee is responsible for preparing the Report of the Trustee and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdwi
Generally Accepted Accourrting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts arid
Reports) Regulations 2008 and the provisions of the trust deed requires the trustee to prepare
financial statements for each financial year vthich give a true and fair view of the stste of affairs of
the charty and of the incoming resources and application of resources. including the income and
expenditure, of the charity for that period. In preparing those financial statements, the trustee is
required to
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charity SORP:
make judgements and estimates that are reasonable and prudent
prepare the financial ststements on the going concern basis unless it is inappropriate to
presume that the charity will continue in business.
The trustee is responsible for keepirKJ proper accounting records which disclose with reasonable
accuracy at any time the financial position of the charity and to enable it to ensure that the
financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports)
Regulatlons 2008 and the provisions of the trust deed. It is also responsible for safeguarding the
assets of the charity and hence for tsking reasonable steps for the prevention and detection of
fraud and olher irregularities.
Approved by order of the court of the tNstee on ..
by.
signed on its behalf
M F Gibbons
Chairman of the Chartties Committee of
The Worshipful Company of Tax Advisers
Page 4

Report of the Independent Auditors to the Trustee of
Tax Adviser5. Charitsble Trust
Opinion
We have audited Ihe financial statements of Tax Advisers. Charitable Trust Ithe 'charity) for the
year ended 30 June 2021 whith comprtse the Statement of Financial Activilies, the Balance Sheet
and notes to the financial ststements, induding a summary of significant accounting policies. The
financial reporting framework that has been applied in their preparation is applicable law and
United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Reporting
Standard applicable in the UK and Ireland Iunited Kingdom Generalty AC￿pted Accounting
Practice).
tn our opinion the finanaal statements:
give a true and fair view of the state of the charitys affairs as at 30 June 2021 and of its
incoming resources and application of resources. for the year then ended,.
have been properly prepared in ￿cOrdan￿ with United Kingdom Generally Accepted
AccountirvJ Practice,. and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audrt in accordance with Intemational Standards on Auditing (UK) OSAS {UK)I
and applicable law. Our responsibilitie5 ufKler those stsndards are further described in the
Auditors. responsibilities for the audit of the finanoal statements section of our reporL We are
independent of the charity in accordance with the ethical requirements that are relevant to our
audit of the financial statements in the UK induding the FRC'S Ethical Stsndard. and we have
fulfilled our other ethical responsibilities in accordance with these requiremen￿ We believe that
the audit evidence we have obtained is sufficient and appropriate to provlde a basis for our
opinion.
Conclusions relatlng to going concern
In auditing the financial statsments, we have concluded that the tnjstee's use of the going concem
basls of accounting in the preparation of the financtal statements is appropriate.
Based on the work we have performed. we have not identifTred any material uncertainties relating to
events or conditions that, indiwdually or collective￿. may cast significant doubt on the charitys
ability to continue as a going concern for a pericKI of at least twelve months from when the
financial ststements are authorised for issue.
Our responsibilities and the resFxJnsibilities of the trustee with respert to going concern are
described in the relevant secttons of this reporL
Other information
The trustee is responsible for the other informatFon. The other infomiation comprises the
information included in the Annual ReporL other than the finanaal ststemerts and our Report of
the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the
extent otherwise explicitly ststed in our reporL we do not express any form of assurance conclusion
thereon.
In connection with our audit of the financial statements. our responsibility is to read the other
information and. in doing so. consider whether the other infomiation is materially inconsistent with
the financial statements or c)ur knowledge obtained in the audit or otheThvise appears to be
materially misstated. If we identify such matertal inconsistencies or apparent material
misstatements. we are required to determine whether this gives rise to a material misststement in
the financia] statements themseives. If. based on the work we have perfom*d, we condude that
there is a material misststement of this other information, we are required to report that fact We
have nothing to reF)Ort in this regard.

Report of Ihe Independent Auditors to the Trustee of
Tax Advisers. Charita>le Trnst
MatteT5 on which we are required to report by exception
We have nothing to repr)rt in respect of the following matters where the Charities (Accounts and
Reports) Regulation5 2008 requires us to report to you if, in our opinion:
the information given in the Report of the Trusiee is inconsistent in any material respect with the
financial statement% or
sufficient accounting records have not been kept or
the finanaal statements are not in agreement with the accounttng records and returns," or
we have not received all the information and explanations we require for our audit.
Responsibilities of the trustee
As explained more fully in the Trustee's Responsibilities StstemenL the trustee is responsible for
the preparation of the financial statements which give a true and fair view. and for such internal
control as the trustee determine is necessary to enable Ihe preparation of financial statements that
are free from material misstatement, whether due to fraud or error.
In preparing the financial ststements, Ihe trustee is responsible for assessing the charftys abilty to
continue as a going concern. disdosing, as applicable. matters ￿Sated to going concern and using
the going concern basis of accounting unless the trustee either intend to liquidate the charity or to
cease operations, or have no realistlc altemative bjt to do so.
Our responsibilities for the audlt of the finandal statements
We have been appointed as auditors under Section 145 of the Charities Act 2011 and report in
accordance wlth the Act and relevant regulations made or having effect the￿under.
Our objectives are to obtain reasonable assurance about whether the financial statements as
whole are free from material misstatement. whether due to fraud or error, and to issue an auditorfs
report that includes our opinion. Reasonable assuran￿ is a high level of assurance, but is not a
guarantee that an audit conducted in accordance with ISAS (UK) will always deted a material
misstatement when it exists.
Misstaternents can arise from fraud or error and are considered material if, individually or in the
aggregate, they could reasonably be expected to influence the economic decisions of users taken
on the basis of these financial statements.
Irregularities, including fraud. are instances of non-compllance with laws and regulations. We
design procedures in line wth our ￿SPOnSibl11t[e$, outlined above. to detect material
misstatements in respect of irregularities. includir•J fraud. The extent to which our procedures are
capable of detecting irregularities. including fraud is detailed belovr.
the engagement partner ensured that the engagement team collectively had the
appropriate competence, capabilities and thlls to identify or recognise non-compliance
with applicable laws and regulations:
we identified the laws and regulations applicable to the tharity through discusslons with th&
trustee and other management and from our kno￿edge and experience of the client's
sector,
we focused on speafic laws and regulattons whid) we considered may have a direct
material effect on the financial statements or the operations of the charity,.
we assessed the extent of compliance tIR laws and regulations identified above
through making enquiries of management and [r￿pectIng legal correspondence: and
identified laws and regulations were communicated within the audit team regularly and the
team remained alert to instsnces of non-complian￿ throughout the audit.

Report of the Independent Auditors to the Trustee of
Tax Advisers, Charitable Trust
We assessed the susceptibility of the charity's financial statements to material misstatement. including
obtaining an understanding of how fraud might occur, by-
making enquiries of management as to where they considered there was susceptibility to
fraud, their knowledge of actual, suspected and alleged fraud-, and
considering the internal controls in place to mitigate risks of fraud and non-compliance
with laws and regulations.
To address the risk of fraud through management bias and override of controls, we..
performed analytical procedures to identify any unusual or unexpected relationships,.
tested journal entries to identify unusual transactions-,
assessed whether judgements and assumptions made in determining the accounting
estimate5 were indicative of potential bias,. and
investigated the rationale behind any signifscant or unusual transactions.
Tn response to the risk of irregularities and non-compliance with laws and regulations, we designed
procedures which included, but were not limited to..
agreeing financial statement disclosures to underlying supporting documentation.,
reading the minutes of meetings of those charged with governance., and
enquiring of management as to actual and potential litigation and claims.;
There are inherent limitations in our audit procedures described above. The more removed that
laws and regulations are from financial transactions, the less likely it is that we would become
aware of non-compliance. Auditin9 Standards also limit the audit procedures required to identify
non-compliance with laws and regulations to enquiry of the trustee and other management and
the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detert than those that arise from
error as they may involve deliberate concealment or collusion.
A further description of our responsibilities for the audit of the financial statements is located on
the Financial Reporting Council's website at.. www.ff
This description forms part of our auditor's report.
Use of our report
This report is made solely to the charity's trustee, as a body, in accordance with Part 4 of the
Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we
might state to the charity's trustee those matters we are required to state to them in an auditors,
report and for no other purpose. To the fullest extent permitted by law, we do not accept or
assume responsibility to anyone other than the charity and the charity's trustee as a body, for our
audit work, for this report, or for the opinions we have formed.
Critchleys Audit LLP
Statutory Auditors
Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006
Beaver House
23-38 Hythe Bridge Street
Oxford
Oxordshire
OXI 2EP
Date..
24 September 2021
Pa¥e.7

Tax Athiisers" Charitable Trust
Statement of financlal Activttles
for the Year Ended 30 June 2021
30.6.21
Unre5tiicted
fund
30.6.20
Total
funds
Notes
INCOME AND ENDowME￿[S FROM
Donations and legacies
33.972
18,741
Investment income
5.852
7.339
Tolal
EXPENDTfuRE ON
Raising funds
2.123
1,299
Charitable activitie5
Grants made
27.728
38,224
Other
2.923
3,561
Total
32.774
43.084
Net gains/llosses) on investments
48.573
(15.399)
NEf INCOMV(EXPENDrruRE)
55.625
(31403)
RECONCIuAT￿N OF FUNDS
Total funds brought fO￿ard
209.621
242,024
TOTAL FUNDS CARRIED FORWARD
265.244
209,621
The notes forn] part ofth¢s¢ financial statements
Pag&8

Tax Adviser< Chatitable Tntst
Balan￿ Sheet
30 June 2021
30.6.21
Unrestricted
fund
30.6.20
Total
fjJnds
FIXED ASSErs
Investments
29
cuRRETr￿ ASSErs
Stocks
Debtors
Cash at bank
5384
5.899
13.689
10
8.990
18,365
24.972
27.355
CREDrroRS
Amounts falling due within one year
11
(5&858)
(84.327)
NEf CURRENT ASSEYS
(33.886)
(56,972)
TOTAL ASSEfs LESS cuRRE￿r
UABIUTIES
265.244
209.621
ASSErs
265.244
209,621
FUNDS
Unrestricted hnds
265.244
209,621
TOTAL FUNDS
265244
209,621
The financi
statements were approved by the Court of the Trustee and authorised for issue on
tXL. and were signed on its behalf ty.
M F Gibbons
Chairman of the Charities Committee of
I Company of Tax Advisers
Ashmore
Treasure

Tax Advisers. Charitable Trust
Note5 to the Finanoal Statements
for the Year Ended 30 June 2021
ACCOUNTING pouaES
Basis of preparing the financial statern
The financial statements of the charty. which is a wblic benefft entity under FRS 102, have
been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting
by Charities: Ststement of Recommeryjed Practice applicable to charities preparing their
accounts in accordan￿ with the finanaal Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102) {effective 1 January 2019),. Financial Reporting Standard 102
'The Financial Rewrting Standard applicable in the UK and Republic of Ireland. and the
Charities Act 2011. The financial statements have been prepared under the historical cost
convention. wth the excepti)n of investments which are included at market value, as
modified by the revaluation of ￿rtain assets.
Income
Grants. legacies and donations are included in the Statement of financial Activities when the
charity is Vlrtually certain they will be received. Incoming resources from tax reclairns are
included in the Statement of Financial Actiwties at the same time as the gift5 to which they
relate.
Investment Income is included in the accounts when recewable.
Investment gains and losses include ary gain or loss on the sale of investrnents and any gain or
loss resulting from revaluing investments to market value at the end of the year.
Expenditure
Liabilities are recognised as expenditure a5 soon as there is a legal or constructive obligation
committing the charity to that expendrture. it 15 probable that a transfer of economic benefits
will be required in settlerrEnt and the amourrt of the obligation can be measured reliably.
Expenditure is accounted for on an accruals basis and has been classified under headings
that aggregate all cost related to the category. Where costs cannot be directly attributed to
particular headings have been alIc￿ted to actiwties on a basis consistent with the use
of resource5.
Grants offered subject to conditions which have not been met at the year end date are noted
as a commitment but not accrued as expenditure.
Stocks
Stocks are valued at lower of c￿t and net realisable Itdlue. after making due allowance
for obsolete and slow moving ttems.
Taxation
The charity is exempt from tsx on its charitable Kiivities.
Investments quoted on a recognsed stock exchange are valued at market value at the year end.
DONATIONS AND LEGAaES
30.621
30.6.20
Donations
INVESTMENT INCOME
30.621
30.6.20
Investment income
P￿10
ecrfitlnu&L..

TJX Athii5ers' Charitable Tn￿t
Notes to the Financial Statements - continued
for the Year Ended 30 June 2021
RAISING FUNDS
30.6.21
30.6.20
Investment management fees
Fund raising costs
1.638
1,299
2,123
1,299
TRusfEE REMUNERATION AND BENEFrrs
The Trustee, members of the Charltles Commlttee and other volunteers receive no
remuneration for their services.
No claims have been made for reimbursement of travel expense5,
CHARITABLE AciivmES GRANTS MADE
2021
2020
1,350
ADrr Bursary and Medal
Big Curry Lunch
Bridge the Gap
City of London Poppy Appeal
Clergy Support Trust (formerly Corporatlon of Sons of Clergy)
CPO of HMS Belfast Marathon Cancer Fund Chlldren
Hackney Quest
Hawk Conservancy Trust
Help Musicians
Kings College London
Lord Mayor's Appeal
Mansion House Scholarship Scherne
NE Sector ACF
Sheriffs and Recorders Fund
St Bartholomew the Great
St Bartholomewthe Great Lady Chapel Roof
Tax Volunteers
Tax Aid
Treloar Trust
Trustees of United Guilds SeNlce
CIOT Prize Medal
Sub total
Twenty Fifth Anniversary Grant to St John Ambulance
Totsl
500
&¢)00
150
soo
100
soo
35
150
1,260
200
500
500
2,768
1,000
3,000
1,000
500
500
4,000
4.000
500
175
SIXI
1,000
27.728
13,224
PagGII
ntinu¢d...

Tax Advisers. Charita)le Tntst
Note5 to the financial Statements - continued
for the Year Ended 30 June 2021
OTHER
30-6-21
30-6-20
Support costs
2.923
Support costs included in the above are as follows:
Auditors. remuneration
Bank fees
Insuran
Legal expenses
Printing and stationery
1,553
19
128
1,320
123
378
1.740
FIXED ASSET INVESTMENTS
30.6.21
30.6.20
Fixed interest securities
Equity investments
50.386
25,487
241
Addltional infomiation as follows:
Listed
Investments
MARKET VALUE
At l July 2020
Addltions
Disposals
266.593
98.515
(114,550)
572
Revaluations
At 30 June 2021
299.130
NET BOOK VALUE
At 30 June 2021
299.130
At 30 June 2020
266,593
There were no investment assets outside the UL
30.6.21
30.6.20
Stocks
Py12

Tax Advlsers. Charitable Trust
Note5 to the Flnancial Ststements- continued
for the Year Ended 30 June 2021
10. DEBTORS: AMOUNTS FALUNG DUE wrrHIN ONE YEAR
31x6.21
30.&20
Tax recoverable
Crther debtors - The Tax Advisers, Benew)lent Fund
Prepayments and accrued income
4A89
421
5.899
8.990
11. cRED￿OR&. AMouMfs FALLING DUE wmiiN ONE YEAR
30.6.21
30.6.20
Other loans (see note 12)
Trade creditors
Grants payable
Accruals and deferred income
55.0(NJ
2.218
200
75,000
8,000
1327
5&858
84.327
12. LOANS
An analysis of the maturity of loans is gprfen belovf.
30.6.21
30.6.20
Amounts falling due within one year on demand:
Other loans
55.000
75.000
The loan from the Worshipful Company of Tax Advisers, which is the charity trustee, is
interest free and repayable on demand.
13. RELATED PARTY DISCLOSURFS
At the start of the year debtors included a loan made to The Tax Advisers, Benevolent.Fund
of £4,489. This was fijlly repaid during the year.
1& CONNEcfED CHARrrY
Tax Advisers. Charitable T￿￿t and The Tax Advisers. Benevolent Fund are connected charities,
because both have the same Trustee and a)arities committee. Neither Charity is subordinate
to the other. Therefore consolid*ed finanaal statements have not been prepared.
Page-13