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← The Trefoil Guild

2024-12-31-accounts

The Trefoil Guild

Trustees’ Report

and Unaudited Financial Statements

for the year ended 31 December 2024

Registered Charity Number 1075232

The Trefoil Guild

Unaudited Financial Statements for the year ended 31 December 2024

Index

Page
Charity information 1
Report of the Trustees 2
Independent Examiner’s report 8
Statement of financial activities 9
Balance sheet 10
Accounting policies 11
Notes to the financial statements 14

The Trefoil Guild

Unaudited Financial Statements for the year ended 31 December 2024

Charity information

Trustees

Mrs Karen Batten (from 4.10.2024) Mrs Dianne Bollom (finished 1.7.2024) Mrs Kristian Clarke (finished 23.02.2024) Mrs Karen Cochrane Mrs Hilary Crane Mrs Elaine Diack Mrs Caroline Harries (from 10.10.2024) Mrs Lesley Haworth (from 1.7.2024) Mrs Heather Hern Mrs Susan Hogg Mrs Jean Kelly

Mrs Jean Lawrowitsch (from 1.7.2024) Mrs Sheila Leete (finished 10.10.2024) Mrs Chris Martin Mrs Eileen Martin (finished 8.6.2024) Mrs Lesley Mathews Mrs Sheran Oke (finished 31.12.2024) Mrs Alison Plummer (from 1.7.2024) Mrs Evelyn Walker (finished 4.10.2024) Mrs Jennifer Watson (finished 1.7.2024)

Principal office

17-19 Buckingham Palace Road London SW1W 0PT

Registered charity number

1075232

Independent Examiner

Geoffrey Frost BSc(Hons) FCA Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY

Bankers

CCLA Investment Unity Trust Bank plc Management Ltd Four Brindleyplace 1 Angel Lane Birmingham London, EC4R 3AB B1 2JB

Investment Manager

Rathbones Group plc incorporating Investec Wealth & Investment Ltd 30 Gresham Street London EC2V 7QN

Page 1

The Trefoil Guild

Unaudited Financial Statements for the year ended 31 December 2024

Report of the board of trustees

The trustees have pleasure in presenting their annual report for the purposes of the Charities Act 2011, together with the accounts for the year ended 31 December 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity.

Structure, governance and management

The Trefoil Guild is a registered charity constituted under a Royal Charter dated 14 December 1922 and operates under a constitution which was last updated in June 2023. The Trefoil Guild was registered as a charity on 23 April 1999.

The Trefoil Guild is a branch of The Guide Association but maintains a separate identity. It is independently administered and is financially self-supporting. It is organised at national level by committees of volunteers who meet regularly throughout the year. All major decisions and all the activities of this organisation are carried out by volunteers with the exception of office administration tasks covered by four members of staff.

The board of trustees is the governing body of The Trefoil Guild where all major policy decisions on strategy are made.

The board of trustees is supported by 2 sub-committees, the finance and general purposes committee and the operational committee. The finance and general purposes committee progresses policies and procedures and considers all financial matters in the first instance including the annual budget before bringing proposals and recommendations to the board of trustees for decision making and approval. In a similar way the operational committee aims to support the board in the delivery of the strategic priorities and national initiatives.

In accordance with the Royal Charter and Bye-Laws of The Guide Association, The Trefoil Guild is controlled and managed by means of a constitution for The Trefoil Guild.

Appointment and induction of trustees

The board of trustees is made up of the national chair, the deputy (if appointed), the chairs of the countries and regions, the treasurer, the chair of the finance and general purposes committee and the national advisers. The president and the chief guide may attend as non-voting members.

The training and induction of new trustees is the responsibility of the national chair and the deputy (if appointed) and covers the duties described by the Charity Commission as well as the roles and responsibilities which are specific to the Trefoil Guild.

Risk management

The trustees have considered the risks to which the charity is exposed and have completed a formal evaluation of these. The trustees are supported by the finance and general purposes committee who regularly review and assess the key risks and systems and procedures are established to manage them.

Page 2

The Trefoil Guild

Unaudited Financial Statements for the year ended 31 December 2024

Report of the trustees

Governance

The Trefoil Guild is a branch of The Guide Association but is independently administered and is selfsupporting. The administration of The Trefoil Guild throughout the United Kingdom, which includes the Trefoil Guild in Foreign Countries is vested in the board of trustees of The Trefoil Guild. Regulation is by the trustees.

The board of trustees is empowered to:-

Ex officio voting members

The chair of The Trefoil Guild The deputy chair (if appointed)

The treasurer of The Trefoil Guild

The chairs of committees of The board of trustees

The country and region chairs of the Trefoil Guild Advisers of the Trefoil Guild

Ex officio non-voting members The president of The Trefoil Guild The chief guide

The constitution of The Trefoil Guild lays down the composition of the board of trustees and the arrangements for appointments. Note that advisers and committee chairs attend as either voting or non-voting attendees as designated in their role descriptions and terms of office on appointment.

Objectives and activities

The charity’s objects are:

Page 3

The Trefoil Guild

Unaudited Financial Statements for the year ended 31 December 2024

Report of the trustees

In carrying out the charity’s activities for the year the charity has had due regard to the Charity Commission’s guidance on public benefit. The charity invites all members of the public to join as long as they are at least 18 years of age. Our members support the public; for example by working with local Girlguiding and Scouting groups in the UK and overseas and supporting local and national charities both financially and with their time.

Achievements and performance

The Trefoil Guild continues to develop and enhance its programme and opportunities to enable all members to have a positive and meaningful experience. It is led by the board of trustees, supported by the finance and general purposes committee and the operational committee.

During 2024 there have been several changes to the board, as trustees came to the end of their term of office, giving the board some challenges but also some opportunities for development and change. In all 5 new trustees were welcomed onto the board.

Our charity’s objectives of supporting Girlguiding, Scouting and the community have continued with many of our members being actively involved as leaders or on an ad hoc basis. Throughout Trefoil Guild members work with their communities as well as supporting local and national charities.

Trefoil Guild plays an active role in supporting new Girlguiding units by providing Starter Packs. Additional financial support was offered to new units in 2024 due to the profit made from the sale of the 80th anniversary challenge badges which went to this good cause. Although the challenge commenced in the anniversary year 2023 many members of Trefoil Guild and all sections of Girlguiding continued with it during 2024.

The Trefoil Guild offers grants which are available to our members, their carers and Girlguiding volunteers, with additional financial support to those travelling overseas on projects or to attend conferences.

Communication

Trefoil Guild continues to produce 4 issues of The Trefoil magazine a year, which is distributed to all members giving news, stories and key updates. Updates to members are also given following each board meeting highlighting any key issues and are cascaded through the country and region chairs.

In April 2024 our website was relaunched giving members and the wider public an insight to Trefoil Guild activities and all that we do. The website is also a major means of sharing policies and procedures. The updated website also gives each country and region a portal to share local activities, events and news. Social media remains a core means of communication.

Page 4

The Trefoil Guild

Unaudited Financial Statements for the year ended 31 December 2024

Report of the trustees

Grow membership and retain existing members

We continue to attract new members with our developing programme opportunities and retain existing members. We have members across the full age spectrum from 18 to over 100 years and it’s pleasing to see a small growth in the 18 to 40 group.

Thanks and recognition

The Trefoil Guild knows how important it is to thank its members for what they do, and the Thanks and Recognition badge and certificate remains a popular way of doing so.

Trefoil Guild also awards The Silver Brooch for outstanding service and this special award has been presented to 8 members this year.

Develop our key messages: find friendship, get active, get involved and give support

Trefoil Guild members find friendship in all they do but the following programme activities mean that members are getting involved and giving support in communities both at home and abroad.

Our TOPAZ (Trefoil Overseas Partnership Adventure with Zest) programme expanded in 2024 with teams travelling to undertake community and Girlguiding projects overseas in Lesotho, Thailand and Sri Lanka.

2024 saw the launch of a new challenge called Motivate: a challenge setting personal goals across land, sea and air, promoting friendship and fun while challenging our members to step outside their comfort zone, pushing boundaries wide to see what they can achieve.

2024 also saw us update and freshen the Voyage award which continues to be very popular. 70 members achieved their bronze award, 59 their silver and 44 members attained the highest award of Gold.

Our STARS (Skills, Together, Action, Roam, Self) challenge helps guilds to create varied, interesting, inclusive, and meaningful programmes and to help retain and attract members, with badges for the 5 themes which together form a star -this continues to be popular with our members too.

Financial review of the year

The Trefoil Guild’s financial affairs are summarised on the following pages and the assets are considered to be adequate to fulfil all known obligations. We ended the year with a deficit of £30,251 (2023: £783) before gains on investments of £14,411 (2023: £24,619).

At 31 December 2024, the charity’s free reserves (i.e. unrestricted funds not represented by fixed assets) totalled £539,900 (2023: £565,649) with £36,587 (2023: £35,116) designated for specific purposes as set out in the notes to the accounts.

Page 5

The Trefoil Guild

Unaudited Financial Statements for the year ended 31 December 2024

Report of the trustees

The Trefoil Guild’s investments were valued at £489,512 (2023: £479,794) at the balance sheet date and formed part of the net assets of each fund as follows: The Unrestricted Fund at £334,422 (2023: £326,919), the Support Development and Relief (SDR) Fund at £11,944 (2023: £11,676), the Holiday Fund at £83,305 (2023: £82,006) and the Bursary Fund at £59,840 (2023: £59,193). Grants from the restricted and designated funds have been made when requested. The Holiday Fund, the Bursary Fund and the SDR Fund all remain in a healthy state.

Investment policy

The trustees aim to achieve both income and growth from their investments and also require security. Professional advisers and fund managers are employed to manage the funds and their performance is regularly reviewed by the finance and general purposes committee.

Reserves policy

The trustees consider that the general reserve should be maintained at no more than two years of the annual expenditure of The Trefoil Guild to cover the delay in receiving membership subscriptions or any other fluctuations in income and expenditure. General reserves of £539,900 at 31 December 2024 represent 147% of this year’s expenditure (2014 – 182%, 2015 – 156%, 2016 – 159%, 2017 – 119%, 2018 – 119%, 2019 – 119%, 2020 – 209%, 2021 – 210%, 2022 – 191%, 2023 – 141%). The trustees plan to reduce this level of reserve by –

Statement of trustees responsibilities

The trustees are responsible for preparing the Trustees’ Annual Report 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 requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper 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 Charities (Accounts and Reports) Regulations 2008

Page 6

The Trefoil Guild Unaudited Financial Statements for the year ended 31 December 2024 Report ot the trustees and the provisions of the trust deed. 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. Appointment of independent examiner Geoffrey Frost has indicated his willingness to act as independent examiner for the year to 31 December 2024 and a resolution to appoint him will be put to the board of trustees. Approved by the trustees and signed on their behalf. Trustee Date Page 7

The Trefoil Guild

Unaudited Financial Statements for the year ended 31 December 2024

Independent examiner’s report

Independent examiner's report to the trustees of The Trefoil Guild

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2024 which are set out on pages 9 to 24.

Responsibilities and basis of report

As the charity’s trustees 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 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

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. 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.

Geoffrey Frost BSc(Hons) FCA Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY

Date[07 May 2025]

Page 8

The Trefoil Guild

Unaudited Financial Statements for the year ended 31 December 2024

Statement of Financial Activities

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
1
Charitable activities
Membership subscriptions
2
Members' activities and services provided
2
Members' Gathering
2
Walk
2
Investments
3
Total
EXPENDITURE ON:
Raising funds
4
Charitable activities
Grants payable
5
Members' activities and services
6
Contributions
7
Total resources expended
Gains / (losses) on investments
Unrealised
12
Realised
12
Net incoming/(outgoing) resources
Transfers between funds
17
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
17
Total funds carried forward
17		 Unrestricted
Funds
£
1,360
270,174
43,500
-
-
16,110
331,144
3,326
20,059
341,134
2,000
366,519
3,080
8,017
(24,278)
-
(24,278)
600,765
576,487		 Restricted
Funds
£
-
-
-
-
-
6,492
6,492
1,367
-
-
-
1,367
2,804
510
8,439
-
8,439
198,264
206,703		 2024
Total
Funds
£
1,360
270,174
43,500
-
-
22,602
337,636
4,693
20,059
341,134
2,000
367,886
5,884
8,527
(15,839)
-
(15,839)
799,029
783,190		 2023
Total
Funds
£
793
259,431
32,890
57,792
29,020
20,253
400,179
4,401
22,758
373,803
-
400,962
22,378
2,241
23,836
-
23,836
775,193
799,029

The charity has no recognised gains or losses other than those dealt with in the statement of financial activities.

Page 9

The Trefoil Guild Unaudited Financial Statements for the year ended 31 December 2024 Balance Sheet as at 31 December 2024 2024 2023 Note FIXED ASSETS Tongible assets Investments ii 12 489,512 479,794 Total tixad oss•ts 489,512 479,794 CURRENT ASSETS stock 13 9,258 11,276 Debtors 14 38,247 19,783 Cash at hond ond in bank 315,757 356,957 Tolal current assets 363,260 388,016 CURRENT LIABILITIES Creditors.. umounts falling due within one yeor 15 69,582 68,781 Net current asset$l(Ilabllltlos) 293,678 319,235 Not a$$et$ 783,190 799,029 THEFUNDSOFTHECHARITY Expendable endowmentfunds Designated funds SDR fund 17 206,703 198,264 32,603 31,327 Platinum fund 3,984 3,789 36,587 35,116 Generul fund 539,900 565,649 Total unrestricted funds 576,487 600,765 Total charity lunds 783,190 799,029 The financial statements on poges 9 to 24 were opproved and authorised by the trustees on 0 S - L'(4.-..loaJ. ond signed on their beholl by.. Trust Page 10

The Trefoil Guild

Unaudited Financial Statements for the year ended 31 December 2024

Accounting Policies

General information, scope and basis of the financial statements

The Trefoil Guild is an unincorporated charity constituted under a Royal Charter and Constitution. The address of the principal office is given in the reference and administrative details section and the nature of the charity’s operations and principal activities are given in the trustees' report.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Cash flow statement

The charity does not include a statement of cash flows on the grounds that it is applying FRS 102 Section 1A.

Incoming resources

All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

Investment income is earned through holding assets for investment purposes such as shares. It includes dividends and interest. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is included when the amount can be measured reliably. Interest income is recognised using the effective interest method and dividend and rent income is recognised as the charity’s right to receive payment is established.

Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following expenditure headings:

● Raising funds; these include investment management fees charged by the charity's investment managers.

Page 11

The Trefoil Guild

Unaudited Financial Statements for the year ended 31 December 2024

Accounting Policies

Resources expended (continued)

Grants payable to third parties are within the charitable objectives. Where unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grant. Where grants are conditional relating to performance then the grant is only accrued when any unfulfilled conditions are outside of the control of the charity.

Support and governance costs are those that assist the work of the charity but do not directly represent charitable activities. They are incurred directly in support of expenditure on the objects of the charity. Governance costs are those incurred in the governance of the charity and primarily associated with the constitution and statutory requirements.

VAT

The charity is not registered for VAT and is unable to recover VAT incurred. On this basis costs are recorded inclusive of VAT within the SOFA.

Taxation

The charity is considered to pass the tests set out in sections 521 to 536 Income Tax Act 2007 (ITA 2007), as such no income tax is payable on the charity's activities.

Investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in ‘net gains / (losses) on investments’ in the SOFA if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Where investments are denominated in currencies other than sterling, transactions are translated at the rate prevailing at the date of the transaction and year end values are calculated using the exchange rate prevailing at the year end.

Investments held in foreign currencies

Where investment assets are held in a foreign currency they are translated at the prevailing rate at the balance sheet date and any gain/loss on exchange rate movements is included in the statement of financial activities in the other recognised gains and losses section.

Stocks

Stocks consist of awards and neckers and are held at cost.

Debtors receivable and creditors payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Page 12

The Trefoil Guild

Unaudited Financial Statements for the year ended 31 December 2024

Accounting Policies

Fund accounting

Unrestricted income funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds is charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

Page 13

The Trefoil Guild

Unaudited Financial Statements for the year ended 31 December 2024

Notes to the Financial Statements

1. Income from donations and legacies

Unrestricted
Funds
£
Donations
1,360
Legacies
-
1,360
2. Income from charitable activities
Unrestricted
Funds
£
Membership subscriptions
270,174
Members' activities and services provided
Magazine advertising
6,732
Annual meetings and badges
21,073
Advisers meeting
2,799
Sales
9,333
TOPAZ
1,648
Voyage Award
1,915
43,500
Members' Gathering
-
Walk
-
313,674		 Restricted
Funds
£
-
-
-
Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-		 2024
Total
Funds
£
1,360
-
1,360
2024
Total
Funds
£
270,174
6,732
21,073
2,799
9,333
1,648
1,915
43,500
-
-
313,674		 Unrestricted
Funds
£
793
-
793
Unrestricted
Funds
£
259,431
4,434
18,484
2,080
5,041
1,037
1,814
32,890
57,792
29,020
379,133		 Restricted
Funds
£
-
-
-
Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-		 2023
Total
Funds
£
793
-
793
2023
Total
Funds
£
259,431
4,434
18,484
2,080
5,041
1,037
1,814
32,890
57,792
29,020
379,133

Page 14

The Trefoil Guild

Unaudited Financial Statements for the year ended 31 December 2024

Notes to the Financial Statements

3. Income from investments

Unrestricted
Funds
£
Dividend income & interest received
16,110
16,110
4. Expenditure on raising funds
Unrestricted
Funds
£
Investment management fees
3,326
3,326		 Restricted
Funds
£
6,492
6,492
Restricted
Funds
£
1,367
1,367		 2024
Total
Funds
£
22,602
22,602
2024
Total
Funds
£
4,693
4,693		 Unrestricted
Funds
£
14,060
14,060
Unrestricted
Funds
£
3,108
3,108		 Restricted
Funds
£
6,193
6,193
Restricted
Funds
£
1,293
1,293		 2023
Total
Funds
£
20,253
20,253
2023
Total
Funds
£
4,401
4,401

5. Expenditure on charitable activities - grants to individuals

GOLD grants
TOPAZ grants
Starter packs
Grants to Trefoil members and
Donations
Recruitment grant		 Unrestricted
Funds
£
13,430
4,050
2,579
-
-
20,059		 Restricted
Funds
£
-
-
-
-
-
-		 2024
Total
Funds
£
13,430
4,050
2,579
-
-
20,059		 Unrestricted
Funds
£
13,245
5,600
3,788
125
-
22,758		 Restricted
Funds
£
-
-
-
-
-
-		 2023
Total
Funds
£
13,245
5,600
3,788
125
-
22,758

Page 15

The Trefoil Guild

Unaudited Financial Statements for the year ended 31 December 2024

Notes to the Financial Statements

Unrestricted
Restricted
Funds
Funds
£
£
Membership support
Direct costs
41,516
-
Support costs
94,957
-
136,473
-
Trefoil magazine
Direct costs
91,378
-
Support costs
14,233
-
105,611
-
Annual report
Direct costs
-
-
Support costs
11,116
-
11,116
-
Annual meeting
Direct costs
27,739
-
Support costs
22,028
-
49,767
-
WAGGGS Europe Levy
Direct costs
-
-
Support costs
-
-
-
-
Governance costs
Direct costs
24,618
-
Support costs
13,549
-
38,167
-
341,134
-
6. Expenditure on charitable activities - members' activities and		 2024
Total
Funds
£
41,516
94,957
136,473
91,378
14,233
105,611
-
11,116
11,116
27,739
22,028
49,767
-
-
-
24,618
13,549
38,167
341,134
services		 Unrestricted
Funds
£
103,396
84,114
187,510
88,572
12,608
101,180
-
9,848
9,848
27,846
19,506
47,352
(4,500)
-
(4,500)
20,513
11,900
32,413
373,803		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 2023
Total
Funds
£
103,396
84,114
187,510
88,572
12,608
101,180
-
9,848
9,848
27,846
19,506
47,352
(4,500)
-
(4,500)
20,513
11,900
32,413
373,803

Page 16

The Trefoil Guild

Unaudited Financial Statements for the year ended 31 December 2024

Notes to the Financial Statements

7. Expenditure on charitable activities - Contributions

Contributions
8. Examiner's fees
Independent examiner's fees
9. Wages and salary cost
Gross wages
Employer's national insurance costs
Employer's pension contributions		 Unrestricted
Funds
£
2,000
2,000
Unrestricted
Funds
£
1,650		 Restricted
Funds
£
-
-
Restricted
Funds
£
-		 2024
Total
Funds
£
2,000
2,000
2024
Total
Funds
£
1,650		 Unrestricted
Funds
£
-
-
Unrestricted
Funds
£
1,650		 Restricted
Funds
£
-
-
Restricted
Funds
£
-
2024
Total
Funds
£
117,931
9,523
8,032
135,486		 2023
Total
Funds
£
-
-
2023
Total
Funds
£
1,650
2023
Total
Funds
£
102,087
8,488
8,422
118,997

There were no employees with emoluments (excluding employer pension costs) above £60,000 in this or the preceding year. Staff numbers, on an average headcount basis, analysed by function was:

2024 2023
Administration of charitable activities 4 4
The number of staff to whom retirement benefits are accruing under defined contribution schemes, analysed by function was:
2024 2023
Administration of charitable activities 4 4

Page 17

The Trefoil Guild

Unaudited Financial Statements for the year ended 31 December 2024

Notes to the Financial Statements

10. Related party transactions

During the year under review and the comparative year management of the charity was the responsibility of the trustees with day-to-day operational tasks undertaken by a small administrative team. The trustees are unremunerated and therefore there is no information on key management personnel remuneration and benefits to disclose.

None of the trustees received any remuneration or received any other benefits from employment with the charity during the year under review or the comparative year.

Twenty (2023: Fifteen) trustees or their representatives were reimbursed or had expenses paid on their behalf for travel and subsistence totalling £10,427 (2023: £7,360) during the year under review.

11. Fixed assets - charity

Cost
At 1 January 2024
Additions
Disposals
At 31 December 2024
Depreciation
Accumulated at 1 January 2024
Charge for the year
On disposals
At 31 December 2024
Net book value at 31 December 2024
Net book value at 31 December 2023		 Office
equipment
£
13,352
-
-
13,352
13,352
-
-
13,352
-
-		 Total
£
13,352
-
-
13,352
13,352
-
-
13,352
-
-

Page 18

The Trefoil Guild

Unaudited Financial Statements for the year ended 31 December 2024

Notes to the Financial Statements

Investments
£
Reconciliation of movement on investments
Market value brought forward
474,622
Additions at cost
346,130
Disposals at carrying value
(345,036)
Gain/(Loss) on revaluation
5,884
Net increase/(decrease) in cash
-
Market value carried forward
481,600
Gains/(losses) on investments
Unrealised (from above)
5,884
Realised on disposals
8,527
14,411
The investments above are analysed as follows:
Cash and cash equivalents
-
Listed investments
481,600
481,600
13. Stock
Brooches
Voyage award materials
Stars badges
Other badges and items
Neckers
12. Fixed asset investments - managed funds		 Cash
£
5,172
-
-
-
2,740
7,912
-
-
-
7,912
-
7,912		 2024
Total
Funds
£
479,794
346,130
(345,036)
5,884
2,740
489,512
5,884
8,527
14,411
7,912
481,600
489,512		 Investments
£
449,951
177,605
(175,313)
22,378
-
474,621
22,378
2,241
24,619
-
474,621
474,621		 Cash
£
9,625
-
-
-
(4,452)
5,173
-
-
-
5,173
-
5,173
2024
Total
Funds
£
413
2,248
2,512
1,286
2,797
9,256		 2023
Total
Funds
£
459,576
177,605
(175,313)
22,378
(4,452)
479,794
22,378
2,241
24,619
5,173
474,621
479,794
2023
Total
Funds
£
714
2,107
2,699
779
4,977
11,276

Page 19

The Trefoil Guild

Unaudited Financial Statements for the year ended 31 December 2024

Notes to the Financial Statements

14. Debtors

Trade debtors
Prepayments and accrued income
Trade creditors
Payroll, social security and pension costs
Accruals and deferred income
Other creditors
15. Creditors: amounts falling due within one year		 2024
Total
Funds
£
247
38,000
38,247
2024
Total
Funds
£
10,993
29,521
26,787
2,281
69,582		 2023
Total
Funds
£
3,419
16,364
19,783
2023
Total
Funds
£
16,916
36,749
14,662
454
68,781

Page 20

The Trefoil Guild

Unaudited Financial Statements for the year ended 31 December 2024

Notes to the Financial Statements

16. Analysis of net assets between funds

16. Analysis of net assets between funds
Fixed assets
Current assets
Current liabilities
Fixed assets
Current assets
Current liabilities		 General
Designated
Funds
Funds
£
£
334,422
11,944
275,060
24,643
(69,582)
-
539,900
36,587
General
Designated
Funds
Funds
£
£
326,919
11,676
307,511
23,440
(68,781)
-
565,649
35,116
Unrestricted Funds
Unrestricted Funds		 Restricted
Funds
£
143,146
63,557
-
206,703
Restricted
Funds
£
141,199
57,065
-
198,264		 2024
Total
Funds
£
489,512
363,260
(69,582)
783,190
2023
Total
Funds
£
479,794
388,016
(68,781)
799,029

Page 21

The Trefoil Guild

Unaudited Financial Statements for the year ended 31 December 2024

Notes to the Financial Statements

17. Analysis of net movement in funds

Restricted funds
Holiday fund
Bursary fund
Other restricted
Unrestricted funds
Designated funds
SDR fund
Platinum fund
General fund
Total unrestricted funds
Total funds
Restricted funds
Holiday fund
Bursary fund
Other restricted
Unrestricted funds
Designated funds
SDR fund
Platinum fund
General fund
Total unrestricted funds
Total funds		 2024
Total funds
brought
forward
£
106,546
91,718
-
198,264
31,327
3,789
35,116
565,649
600,765
799,029		 Total
incoming
resources
£
3,353
3,139
-
6,492
1,008
195
1,203
329,941
331,144
337,636		 Total
Transfers
resources
Gains/(losses)
between
expended
on investments
funds
£
£
£
(795)
2,095
-
(572)
1,219
-
-
-
-
(1,367)
3,314
-
(115)
383
-
-
-
-
(115)
383
-
(366,404)
10,714
-
(366,519)
11,097
-
(367,886)
14,411
-
2023		 Total funds
carried
forward
£
111,199
95,504
-
206,703
32,603
3,984
36,587
539,900
576,487
783,190
Total funds
brought
forward
£
99,253
86,506
-
185,759
29,989
3,630
33,619
555,815
589,434
775,193		 Total
incoming
resources
£
3,082
3,111
-
6,193
983
159
1,142
392,844
393,986
400,179		 Total
Transfers
resources
Gains/(losses)
between
expended
on investments
funds
£
£
£
(749)
4,960
-
(544)
2,645
-
-
-
-
(1,293)
7,605
-
(232)
587
-
-
-
-
(232)
587
-
(399,437)
16,427
(399,669)
17,014
-
(400,962)
24,619
-		 Total funds
carried
forward
£
106,546
91,718
-
198,264
31,327
3,789
35,116
565,649
600,765
799,029

Page 22

The Trefoil Guild

Unaudited Financial Statements for the year ended 31 December 2024

Notes to the Financial Statements

18. Description of funds

Restricted funds

The purpose of the Holiday Fund is to give financial help to leaders, ex-leaders and Trefoil Guild members to enable them to have a much needed holiday, which they could not otherwise afford.

The purpose of the Bursary Fund is to provide help to Trefoil Guild members with the cost of training, attendance at Gatherings and generally to direct benefit in connection with Trefoil activities.

Designated funds

The purpose of the designated fund called the Support, Development and Relief Fund (the SDR Fund) is to provide financial help to Girl Guides and Girl Scouts (as individuals or groups) or to communities worldwide (including the United Kingdom) when and where financial assistance is seen to be needed to sustain their viability, to develop their membership or deal with unexpected disasters.

The purpose of the Platinum Fund is to assist members of Trefoil Guild with acute mental or physical disability and those who are suffering from a terminal illness or a serious illness from which there is no prospect of full recovery, to enable them to take part, with their carers as required, in Trefoil Guild activities. A secondary purpose is to assist members with caring responsibilities who incur high costs for support care whilst they attend their meetings.

19. Financial instruments

The carrying amounts of the charity's financial instruments are as follows:

Financial assets
Measured at fair value through net income/(expenditure):
Fixed asset investments
Debt instruments measured at amortised cost:
Trade debtors (note 14)
Financial liabilities
Measured at amortised cost:
Trade creditors (note 15)		 2024
Total
Funds
£
489,512
489,512
247
247
10,993
10,993		 2023
Total
Funds
£
479,794
479,794
3,419
3,419
16,916
16,916

Page 23

The Trefoil Guild

Unaudited Financial Statements for the year ended 31 December 2024

Notes to the Financial Statements

19. Financial instruments (continued)

Income and expense
Financial assets measured at fair value through net income/(expenditure)
Investment income
Investment management fees
Net gains and losses (including changes in fair value)
Financial assets measured at fair value through net income/(expenditure)
Realised gains/(losses) on investments
Unrealised gains/(losses) on investments
The income, expense, net gains and net losses attributable to the charity's financial instruments		 2024
2023
Total
Total
Funds
Funds
£
£
22,602
20,253
(4,693)
(4,401)
17,909
15,852
8,527
2,241
5,884
22,378
14,411
24,619
are summarised as follows:		 2024
2023
Total
Total
Funds
Funds
£
£
22,602
20,253
(4,693)
(4,401)
17,909
15,852
8,527
2,241
5,884
22,378
14,411
24,619
are summarised as follows:
15,852
2,241
22,378
24,619

Fixed asset investments are held at fair value with valuations obtained using last traded or closing mid/bid market prices as available.

Page 24