REGISTERED CHARrrY NUMBEIL" 1064392
Report of the Tntstee and
Audited Financial Statements for the Year Ended 30 June 2022
The Tax Adviser5. Charitable T￿￿t
Crttchleys Audit LLP
ststutory AuditotS
Beaver House
23-38 Hythe Bridge Street
Oxford
Oxford5hire
OXI 2EP

The Tax Advisers. Charltable Trust
Contents of the Financial Statements
for the Year Ended 30 June 2022
Page
Reference and Administratlve Details
Report of the Trustee
2 to 4
Report of the Independent Auditors
5 to 7
Statement of Financial Activities
Balance Sheet
Note5 to the Financial Statements
10 to 14

The Tax Advisers. Charitable Trust
Referen￿ and Administrative Details
for the Year Ended 30 June 2022
REGISTERED CHARrrY
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 SW1 P 2AP
HONARARY TREASURER
L Parkin. 3 The Moat Traps Lane. New Malden, KT3 4SB
AUDITORS
Critchleys Audit LLP
Statutory Auditors
Beaver House
23 -38 Hythe Bridge Street
Oxford
Oxfordshire
OX12EP
FINANc￿L ADVISERS
Quilter Cheviot Limited
90 Long Acre London WC2E 9PA
BANKERS
HSBC BANK PLC
19 Grosvenor Place
London SW1X 7HT
Pag¢ I

The Tax Advisers. Charitable Trust
Report ol the Tn￿tee
for the Year Ended 30 June 2022
The Trustee presents its twenty-sixth annual report and financial statements of the charity for the
year ended 30 June 2022. The financial statements have been prepared in accordance with the
accounting policies set out in note 1 to the accounts and comply with the charity's trust deed, the
Charities Act 2011 and Accounting and Reporting by Charities= Statement of Recommended
Practice applicable to charities preparing their accounts in accordance with the Financial Reporting
Stsndard applicable in the UK and Republic of Ireland (FRS 1021 (effective 1 January 2019).
STRUCTURE. GOVERNANCE AND MANAGEMENT
Structure. governance and management
The Charity is a re9lStered charity whose goveming document is its Declaration of Trust dated 19th
May 1997 (as amended). The Charity changed its name from The Guild of Tax Advisers Charity to
The Tax Advisers, Charitable Trust by deed dated 1 5th February 2006. The sole power to appoint
new additional Twstees 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 charitsbSe needs of The City of London and of organisations
provlding tax advice to the needy. They are responsible for the system of intemal financial control
and setting overall financial objectives. There is a clear structure of authority and control
responsibilities. They keep under rewew the risks vthich the Charity njns.
Risk management
The Charities Committee ha5 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's powers of investment are set out in its Declaration of Trust which states that the
Trustee has power to invest Twst money in any property or investments of whatever nature and
wherever situated.
Under its investment policy, the Charities Committee:
- takes independent investment advice on longer tenn investments,.
regularly reviews the value of the funds the Charty requires to be held in investment, 5hort-term
deposits and cash, to ensure that they are adequate to meet the obligations identified in the
Charity's Strategy document
regularly reviews with its investment advisers the performance of longer-tenn investments.. and
invests liquid assets in short-term low risk investments.
Based upon independent advice the Charities Committee invested a proportion of funds in
corporate bonds during the year, reducing the Charity's exposure to equities.
Page 2

The Tax Advisers. Charitable TNst
Report of the Trustee (continued)
for the Year Ended 30 June 2022
OBJECrnIES AND AcrnirriES
Objectives and alms
The objects of the Charity are the advancement and promotion of such charitable objects or
purposes as shal5 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 ofr.
charities involved with taxation. including education and the provision of tsx admce to those who
need it but are unable to afford it and
other charities involved ￿llth the City or its immediate neighbourhood.
The members of the Charities Committee confimi on behalf of the Trustee that they have had due
regard to the guidance contsined in the Charity Commission's general guidance on public benefit
when reviewing the Charity's 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 grants in accordance with its objectives amounting to £22,616
(2021: £27,728).
Details of the beneficiaries are set out in note 5 to the accoun
FINANaAL REVtEW
Financial posltlon
Reserves are held to promde finanaal stability and the means for the development of the Charity's
principal objectives.
Reserves at 30th June 2022 were £239.381 (2021". £265.244).
The Charty is supported by donations from the liverymen and freemen of the Company and
others.
The Trustee is grateful for the voluntsry help given in book keeping, accounting and
administration. Since no other party is bearing the financial c05t of these donated resources their
value has not been included in intangible income in the ststement of financial activities.
Page 3

The Tax AdvEsers' Charitable Trnst
Report of the Trustee (continued)
for the Year Ended 30 June 2022
TRUSTEE'S RESPONSIBILrrY STATEMENr
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 Kingdom
Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales. the Charities Act 2011, Charity (Accounts and
Reports) Regulations 2008 and the provisions of the trust deed requires the trustee to prepare
financial statements for each financial year which give a true and fair wew of the state of affairs of
the charity 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 15
required to
select suitable accounting policies and then apply them consistenty,
observe the methods and principles in the Charity SORP-
make judgements and estimates that are reasonable and prudent
prepare the financial statements on the going concem basis unless it is inappropriate to
presume that the charitywill continue in business.
The trustee is responsible for keeping proper accounting records which disclose with reasonable
accuracy at any time the financial position of the charity and to enable the trustee to ensure that
the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports)
Regulations 2008 and the provisions of the trust deed. The trustee is also responsible for
safeguarding the assets of the tharity and hence for taking reasonable steps for the prevention and
detection of fraud and other irregularities.
Approved by order of the court of the trustee on 28 September 2022 and signed on its behalf by:
M F Gibbons
Chairman of the Charities Committee of
The Worshipful Company of Tax Advisers
Page 4

Report of the Independent Auditors to the Trustee of
The Tax Advisers. Charitable Trust
Opinion
We have audited the financial statements of The Tax Advisers Charitsble Trust (the 'charity') for the
year ended 30 June 2022 which comprise the Statement of Financial Activities, the Balance Sheet
and notes to the financial statements. including a summary of significant accounting policies. The
financial reportin9 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 (United Kingdom Generally Accepted Accounting
Practice).
In our opinion the financial statements:
give a true and fair view of the stste of the charity's affairs as at 30 June 2022 and of its
incoming resources and application of resources, for the year then ended;
have been properly prepared in accordan￿ with United Kingdom Generally Accepted
Accounting Practice; and
have been prepared in accordance V￿th the requirements of the Charities Act 2011.
Basls for oplnlon
We conducted our audit in accordance with International Standards on Auditing (UK) USAS IUKII
and applicable law. Our responsibilities under those standards are further described in the
Auditors. responsibilities for the audit of the financial statements section of our report. 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 including the FRC's Ethical Standard, and we have
fulfilled our other ethical responsibilities in accordance with these requirements. We believe that
the audit evidence we have obtsined is sufficient and appropriate to provide a basis for our
opinion.
Concluslons relating to going conc•rn
In auditing the financial statements, have concluded that the trustee's use of the going concern
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to
events or conditions that, individually or collectively, may cast significant doubt on the charity's
ability to continue as a going concern for a period of at least twelve months from when the
financial ststements are authorised for issue.
Our responsibilities and the responsibilities of the trustee with respect to going concern are
described in the relevant settions of this reporL
Other Informatlon
The trustee is responsible for the other information. The other information comprises the
information included in the Annual Report other than the financial statements and our Report of
the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other inforniation and, except to the
extent otherwise explicitly stated in our report we do not express any fomi of assurance conclusion
thereon.
In connettion with our audit of the financial statements. our responsibility is to read the other
infomation and, in doing so, consider whether the other information is materially inconsistent with
the financial statements or our knowledge obtsined in the audit or otherwise appears to be
materially misstated. If we identify such material inconsistencie5 or apparent material
rnisstatements, we are required to determine whether this gives rise to a material misstatement in
the financial statements themselves. Lf, based on the work we have performed, we conclude that
there is a material misststement of this other infomiation, we are required to report that fatt. We
have nothing to report in this regard.
Page.5

Report of the Independent Auditors to the Trustee of
The Tax Advisers. Charitable TNst
Matters on whlch we are requlred to report by exception
We have nothing to report in respect of the following matters where the Charities (Accounts and
Reports) Regulations 2008 requires US to report to you if. in our opinion.
the information given in the Report of the Trustee is inconsistsnt in any material respect with the
financial statements; or
sufficient accounting records have not been kept or
the financial statements are not in agreement with the accounting records and returns,. or
we have not received all the infonnation and explanations we require for our audit
Responslbllltles of the trnstee
As explained more fully in the Trustee's Responsibilities Statement, the trustee is responsible for
the preparation of the financial statements which give a true and fair view, and for such intemal
control as the trustee detemines is necessary to enable the preparation of financial statements
that are free from material misstatement whether due to fraud or error.
In preparing the financial statements, the trustee is responsible for assessing the charity's ability to
continue as a going concem. disclosing. as applicable, matters related to going concern and using
the going concern basis of accounting unless the trustee either intends to liquidate the charity or
to cease operations, or have no realistic altemative but to do so.
Our responsibilitie5 for the audit of the financlal statements
We have been appointed as auditors under Section 145 of the Charities Act 2011 and report in
accordance with the Act and relevant regulations made or having effect the￿under.
Our objectives are to obtsin reasonable assurance about whether the financial statements as
whole are free from material misstatement whether due to fraud or error, and to issue an auditor's
report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a
guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material
misstatement when it exists.
Misstatements 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 instan￿$ of non-compliance with laws and regulations. We
design procedures in line with our responsibilities, Outlined above, to detect material
misstatements in respec( of irregularities, including fraud. The extent to whith our procedures are
capable of detecting irregularities. including fraud is detailed belovi.
the engagement partner ensured that the engagement team collectively had the
appropriate competence, capabilities and skills to identify or recognise non-compliance
with applicable laws and regulations-
we identified the laws and regulations applicable to the charity through discussions with
trustee and other management and from our knowledge and experience of the dient's
sector,
focused on specific laws and regulations which we considered may have a direct
material effect on the finanaal ststements or the operations of the charity,
we assessed the extent of compliance with the laws and regulations identified above
through making enquiries of management and inspecting legal correspondence,- and
identified laws and regulations were communicated within the audit team regularly and the
tsam remained alert to instsnces of non-compliance throughout the audit.
Pag¢.6

Report of the Indepèndent Auditors to the Tnts of
The Tax Advisers. Charitable Trust
We assessed the susceptibility of the charitys financial ststements to material misstatement, including
obtaining an understsnding 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 detemining the accounting
estimates were indicative of potential bias-. and
investigatèd the rationale behind any significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulation5, 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 limitstions in our audit Pro￿du￿S 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. Auditing 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 detect 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
This description forms part of our auditorfs reporL
Use of our report
This ￿POrt 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 stste to them in an auditors,
report and for no other purpose. To the fullest extent pemiitted 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 fonned.
Critchleys Audit LLP
Statutory Auditors
Eligible to act as an auditor in temis of Section 1212 of the Companies Act 2C(J6
Beaver House
23-38 Hythe Bridge Street
Oxford
Oxordshire
OX12EP
Date: .....3..NOx£￿.ber 2.9.22
Page.7

The Tax Advisers. Charitable Trust
Statement of Financial Activities
for the Year Ended 30 June 2022
30.622
Unrestricted
fund
30.6.21
Total
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
25.989
33,972
Merchandise
4,590
Investment income
7.064
5,852
Total
37,643
39,824
EXPENDMJRE ON
Raising funds
5,560
2,123
Charitable actlvltles
Grants made
22.616
27,728
Other
2.331
2,923
Total
30.507
32,774
Net gains/(losses) on investments
(32.999)
48,573
NET INCOMV(EXPENDrruRE)
{25,863)
55,623
RECONauAnON OF FUNDS
Total funds brought lo￿ard
265.244
209,621
TOTAL FUNDS CARRIED FORWARD
239.381
265,244
The notes form part of these financial ststements
Pag&8

The Tax Advisers. Charitable Trust
Balance Sheet
30 June 2022
30.6.22
Unrestricted
fund
30.6.21
Total
funds
Notes
FIXED ASSETS
Investments
261.888
299,130
CURRENT ASSETS
Stocks
Debtors
Cash at bank
3.165
6.324
20,608
5,384
5,899
13,689
30.097
24,972
CREDrroRS
Amounts falling due within one year
10
(52,606)
158,858)
NEf CURREKf ASSErs
(22.509)
33.886)
TOTAL ASSETS LESS CURREKr
UABILrriES
239.379
265,244
NEf ASSErs
239.379
265,244
FUNDS
Unrestricted funds
239.379
265,244
TOTAL FUNDS
Z39.379
265,244
The financial statements were approved by the Court of the TNstee and authorised for issue on
th
28 September 2022 and were signed on its behalf by.
M F Gibbons
Chairman of the Charities Committee of
ful Company of Tax Advisers
L Parkin
Treasurer
Th¢ not¢s forni wt of these financial srAtsm¢nts
Page.9

The Tax Advisers. Charltable Trust
Notes to the Financial Statements
for the Year Ended 30 June 2022
ACCOUNTING pouaES
Basis of preparing the financial statements
The financial statements of the charity. which is a public benefit entity under FRS 102, have
been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting
by Charities: Statement of Recommended Practtce applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102) {effertive 1 January 2019),, Financial Reporting Stsndard 102
'The Financial Reporting 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, with the exception of investments which are included at market value, as
modified by the revaluation of certain assets.
Income
Grants, legacies and donations are included in the Ststement of Financial Activities when the
harity is virtually certain they will be received. Incoming resources from tax reclaims are
included in the Statement of Financial Activities at the same time as the gifts to which they
relate.
Investment Income is included in the accounts when ￿ceivable.
Investment gains and losses include any gain or loss on the sale of investments and any gain or
loss resulting from revaluing investments to market value at the end of the year.
Expendlture
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
committing the charity to that expenditure, it is probable that a transfer of economic benefits
will be required in settlement and the amount 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 they have been allocated to activities on a basis consistent with the use
of resources.
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 a￿ valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow momng items.
Taxation
The charity is exempt from tax on its charitable activities.
Assets
Investments quoted on a recognised stock exchange are valued at market value at the year end.
INVESTMENT INCOME
.30.6.22
30.6.21
Other fixed asset invest - Ftt
7.064
5,852
Page.10
Continu￿1...

The Tax Advisers. Charitable Trust
Notes to the Financial Statements - contlnued
for the Year Ended 30 June 2022
RAISING FUNDS
30.6.22
30.6.21
Investment management fee5
Fund raising costs
Cost of item5 for resale
1.866
1,638
485
31
5.560
2,123
TRUSTEE'S REMUNERATION AND BENEFtrs
Members of the Charities Committee and other volunteers receive no remuneration for
their seNces.
TNstee's expenses
No claims have been made for reimbursement of travel expenses.
CHARITABLE AC￿￿riEs GRAiifs MADE
30.6.22
30.6.21
500
8,000
Big Curry Lunch
Bridge the Gap (TaxAid and Tax Volunteer5)
City for Kids Foundation
City of London Police Cadets
City of London Poppy Appeal
Clergy Support Trust {fomiedy Corporation of Sons of Clergy)
CPO of HMS Belfast Marathon Cancer Fund Children
Hackney Quest
Hawk Conservancy Trust
Help Musicians
Kings College London
very Schools Link Ltd Opportunity Fund
London Air Ambulan
Lord Mayorfs Appeal
Mansion House Scholarship Scheme
NE Sector ACF
Sheriffs and Recorders Fund
Spitalfields Crypt Trust
St Bartholomew the Great
St Bartholomew the Great Lady Chapel Roof
St John's Ambulance
Tax Volunteers
TaxAid
Treloar Trust
Trustees of United Guilds Service
4.000
soo
500
190
250
150
500
100
500
35
35
200
500
1.000
500
1,386
500
1.500
500
2,768
1,000
3,000
1,000
500
500
500
500
4.000
4.000
500
175
4,000
4,000
500
175
Total
Pag&ll
¢onlinued...

The Tax Advisers. Charltable Trust
Note5 to the Financial Statements - continued
for the Year Ended 30 June 2022
OTHER
30.6.22
30.6.21
Support costs
2.331
2,923
Support costs included in the above are as follows:
Auditors, remuneration
Bank fees
Insurance
Legal expenses
Postsge freight & courier
Printing and stationery
Sundry expenses
1.697
37
202
1,553
19
128
444
779
140
FIXED ASSET INVESTMENTS
30.6.22
30.6.21
Fixed intsrest securities
Equity investrnents
36,254
225 634
50,386
248
Additional infonnation as follows:
Listed
investments
MARKEf VALUE
At l July 2021
Additions
Disposals
Revaluations
299.130
153,583
(157.826)
(32.999)
At 30 June 2022
261.888
NET BOOK VALUE
At 30 June 2022
261.888
At 30 June 2021
299,130
There were no investment assets outside the UL
Page.12
continued...

The Tax Advisers. Charitable Trust
Notes to the Financial Statements - continued
for the Year Ended 30 June 2022
STOCKS
30.6.22
30.6.21
Stocks
DEBTOR&. AMOUNTS FALUNG DUE wrrHIN ONE YEAR
30.6.22
30.6.21
Tax recoverable
Other debtors - ThÈ Tax Advisers. Benevolent Fund
Prepayments and accrued income
5,469
5,295
855
604
6.324
5,899
10. CREDrroRS: AMouTrifs FALUNG DUE WITHIN ONE YEAR
30.6.22
30.6.21
Other loans (see note 11)
Trade creditors
Grants payable
Accruals and deferred income
50.000
281
200
2,125
55,000
2,218
200
1,440
52,606
58,858
11. LOAN5
An analysis of the maturity of loans is given below.
30.6.22
30.6.21
Amounts falling due within one year on demand:
Other loans
50.000
55,000
The loan from the Worshipful Company of Tax Advisers, which is the charity trustee, is
interest free and repayable on demand.
12. CONNECTED CHARtrY
The Tax Advisers, Benevolent Fund is a connected charity in that it has the same Trustee and
Charities Committee but it is not subordinate to the Tax Advisers. Charitable Trust and
therefore consolidated financial statements have not been prepared.
Page.13

The Tax Advisers. Charitable Trust
Notes to the Financial Statements - continued
for the Year Ended 30 June 2022
13. RELATED PARTY D￿cLOsUREs
There were no related party transactions during the year other than the loans disclosed in
note 11.
Page.14