2024-09-30-accounts - The Coln Trust

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THE COLN TRUST

ANNUAL REPORT & FINANCIAL STATEMENTS 30 SEPTEMBER 2024

Charity Number 1064619

THE COLN TRUST REFERENCE AND ADMINISTRATIVE INFORMATION FROM 1 OCTOBER 2023 TO 30 SEPTEMBER 2024

The Coln Trust (the Trust") was established by a Declaration of Trust dated 3 September 1997 ("the Governing Document") and was registered by the Charity Commission on 29 September 1997 in the Central Register of Charities under number 1064619.

The Trust's registered address is 14 Aubrey Walk, London, W8 7JG.

The Trustees during the period were C J Rowe, Mrs G M Rowe and Ms A F R White, who was appointed by way of a Deed of Appointment dated 30 March 2024. New Trustees can be appointed by CJ Rowe in his lifetime and thereafter if she survives him by Mrs GM Rowe and subject thereto by such person as the survivor of them shall appoint.

The bankers are C.Hoare & Co of 37 Fleet Street, London, EC4P 4DQ.

The solicitors are Hunters of 9 New Square, Lincoln's Inn, London, WC2A 3QN.

The investment advisers appointed in accordance with the Governing Document are Rathbone Investment Management Limited of 10 George Street, Edinburgh, EH2 2PF.

The independent examiner of the charity is David Ashby FCCA ACA of Gibbons Mannington Phipps LLP, Landgate Chamber, Rye, East Sussex, TN31 7LJ.

THE COLN TRUST THE ANNUAL REPORT OF THE TRUSTEES FROM 1 OCTOBER 2023 TO 30 SEPTEMBER 2024

Structure, Governance and Management

The Trust is a grant making trust established for the public benefit whose income is to be "applied in making such subscriptions to charitable organisations and bodies and such other charitable purposes in any part of the world as the trustees may in their absolute and uncontrolled discretion think fit.

The Trust is a full member of the Association of Charitable Foundations.

The Trustees administer the Trust and undertake such training or obtain such advice or information as may be required from time to time. There is no specific policy for the induction or training of new trustees as it is not currently envisaged that there is any need.

The major risks to which the Trust is exposed, as identified by the Trustees, have been reviewed and systems have been established to mitigate those risks.

Objects and Activities

The Trustees have agreed guidelines which set out in more detail the Trustees' aims for the public benefit. These state "Our main aim is to give to charities that help young people and the arts. We may also support medical services, treatment or research, disaster relief or the Church of England." The guidelines which are available on request, also set out the procedure for making applications, the grants they hope to make and when they meet to review applications. In support of their stated aims the Trustees both accept and consider applications and also actively seek projects for support which includes making appropriate enquiries and talking to and making grants in conjunction with the trustees of charitable trusts with similar objectives. It is envisaged that this strategy will continue for the foreseeable future.

The Trustees have paid due regard to the Charity Commission's guidance on public benefit in relation to the Trust's grant making activities. Since all grants during the period have been made to charities registered in the United Kingdom and therefore subject to the Charity Commission's guidance on public benefit and the Trustees have received no indication that the grant recipients have misapplied their funds the Trustees believe that all payments have been made for the public benefit.

Achievements and performance

In accordance with the Trust's aims for the public benefit the Trustees reviewed over 70 applications and appeals (2023: 50) and paid 10 grants during the period (2023: 12). These are each described in the attached accounts and in total amounted to £25,600 (2023: £28,000).

THE COLN TRUST THE ANNUAL REPORT OF THE TRUSTEES FROM 1 OCTOBER 2023 TO 30 SEPTEMBER 2024

Grants recipients in 2024 were:

NMC Recordings - Reg Ch 328052 - towards support for young composers. Alexander Whitley Dance Company-Reg Ch 1171464 - towards core funding. Lake District Summer Music -Reg Ch 1887957 - for core costs. Music Works Reg Ch 1106979 for projects in the Forest of Dean Big Give Reg Ch 1136547 - for the Arts for Impact matched fund Oxford Philharmonic Orchestra Reg Ch 1084256 - for costs relating to an early years music programme New Movement Collective Reg Ch 1168116 - for core costs New Paths Music Reg Ch 1176545 - for additional administrative support St Mungo’s Reg Ch 1149085 for core costs

Ex Cathedra Reg Ch 1004086 to support ‘Singing Medicine’ in hospital programme for children

Financial Review

The attached accounts for the period have been prepared on the receipts and payments basis.

The Trust has no staff. Other than some financial charges such bank charges, charges on transfers and the cost of obtaining and maintaining a Legal Entity Identifier, the expenses of administering the Trust during the period (including stationery, postage, telephones, faxes, emails, fares, attendances at conferences, and subscriptions) were borne by the Trustees personally.

At the end of the reporting period the Charity held £39,298 (2023: £40,464) in unrestricted cash reserves. Designated funds of £690,645 (2023: £649,437) were held in the form of investments.

Funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the trust.

Designated funds are unrestricted funds that have been set aside by the Trust for particular purposes, the Trust hold its investments as a designated fund. These investments are professionally managed to produce as high an income as possible consistent with the maintenance of the capital without taking undue risk and taking into account present and future inflation. The Trust derives its income from its investments which is unrestricted..

The Governing Document provides that it is lawful for the Trustees "to pay or transfer all or any part or parts of the capital of the Trust Fund to such charitable organisation or body or charitable organisations or bodies for the charitable purposes or objects thereof as the Trustees select."

THE COLN TRUST THE ANNUAL REPORT OF THE TRUSTEES FROM 1 OCTOBER 2023 TO 30 SEPTEMBER 2024

Restricted funds can only be used for particular restricted purposes specified by the donor.

Reserves Policy

The Trustees have decided that no strict reserve policy is necessary as the Trust’s donations are made out of investment income. The level of income and donation commitments are reviewed regularly at Trustees’ meetings.

Furthermore, Trustees are permitted under the Governing Document to utilise investment capital to meet charitable commitments if such need arose.

Statement of Trustees Responsibilities

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them 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/constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

These financial statements were approved by the Trustees on 10 July 2025 and are signed on their behalf by:

C J Rowe

Trustee

THE COLN TRUST INDEPENDENT EXAMINER'S REPORT FROM 1 OCTOBER 2023 TO 30 SEPTEMBER 2024

I report to the trustees on my examination of the accounts of The Coln Trust (the Charity) for the year ended 30[th] September 2024.

Responsibilities and basis of report

As the charity trustees of the Charity, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

D.C. Aedto,

…......................................................

David Ashby FCCA ACA

For and on behalf of Gibbons Mannington & Phipps LLP Landgate Chambers Rye, East Sussex TN31 7LJ

Date:..…………………..

THE COLN TRUST

RECEIPTS AND PAYMENTS ACCOUNT

FROM 1 OCTOBER 2023 TO 30 SEPTEMBER 2024

Restricted Unrestricted TotalFunds Restricted Unrestricted Total Funds Funds Funds 2024 Funds Funds 2023 £ £ £ 2,537 2,537 2,600 2,600 13,874 13,874 12,887 12,887 113 113 395 395 2,697 2,697 1,989 1,989 669 669 317 317 6,196 6,196 6,185 6,185 2,000 2,000 2,000 2,000	Restricted Unrestricted TotalFunds Restricted Unrestricted Total Funds Funds Funds 2024 Funds Funds 2023 £ £ £ 2,537 2,537 2,600 2,600 13,874 13,874 12,887 12,887 113 113 395 395 2,697 2,697 1,989 1,989 669 669 317 317 6,196 6,196 6,185 6,185 2,000 2,000 2,000 2,000	Restricted Unrestricted TotalFunds Restricted Unrestricted Total Funds Funds Funds 2024 Funds Funds 2023 £ £ £ 2,537 2,537 2,600 2,600 13,874 13,874 12,887 12,887 113 113 395 395 2,697 2,697 1,989 1,989 669 669 317 317 6,196 6,196 6,185 6,185 2,000 2,000 2,000 2,000	Restricted Unrestricted TotalFunds Restricted Unrestricted Total Funds Funds Funds 2024 Funds Funds 2023 £ £ £ 2,537 2,537 2,600 2,600 13,874 13,874 12,887 12,887 113 113 395 395 2,697 2,697 1,989 1,989 669 669 317 317 6,196 6,196 6,185 6,185 2,000 2,000 2,000 2,000	Restricted Unrestricted TotalFunds Restricted Unrestricted Total Funds Funds Funds 2024 Funds Funds 2023 £ £ £ 2,537 2,537 2,600 2,600 13,874 13,874 12,887 12,887 113 113 395 395 2,697 2,697 1,989 1,989 669 669 317 317 6,196 6,196 6,185 6,185 2,000 2,000 2,000 2,000
2,000 26,086 28,086 2,000 24,373 102,267 102,267 104,957				26,373 104,957
2,000 128,353 130,353 2,000 129,330				131,330
2,000	3,000 3,000 1,000 2,000 3,000 3,000 2,500 2,000 2,000 2,100	2,000 3,000 3,000 1,000 2,000 3,000 3,000 2,500 2,000 4,000 2,100	1,000 2,000 3,000 2,000 3,000 3,000 2,000 2,000 2,000 1,000 3,000 2,000	1,000 4,000 3,000 2,000 3,000 3,000 2,000 2,000 2,000 1,000 3,000 2,000
2,000	23,600	25,600 2,000	26,000	28,000
	365	365	365	365
2,000	23,965	25,965 2,000	26,365	28,365
	105,554	105,554	112,358	112,458

2,000	129,519	131,519 2,000	138,724	140,724


-	(1,166)	(1,166) -	(9,384)	(9,384)

THE COLN TRUST

STATEMENT OF ASSETS AND LIABILITIES

FROM 1 OCTOBER 2023 TO SEPTEMBER 2024

----- Start of picture text -----
2024 2023
£ £
Cash funds held
Cash at Bank 30,137 28,646
Cash at Rathbone Investment Management Limited 9,161 11,818
Total Cash 39,298 40,464
Investments valuation total by Rathbone Invest. Management Ltd 690,645 649,437
Liabilities outstanding at year end - -
Net Assets 729,943 689,901
Reserves 2024 2023
£ £
Unrestricted funds
Brought forward 40,464 49,858
Net receipts/ (payments) for the year (1,166) (9,394)
Carried forward 39,298 40,464
Designated funds
690,645 649,437
Restricted funds
- -
Total reserves at 30 September 2024 729,943 689,901
----- End of picture text -----

These financial statements were approved by the Trustees on 10 July 2025 and are signed on their behalf by:

CJ Rowe Trustee