Registered number: 04518299 Charity number: 1099313
The Tula Trust Limited
(A Company Limited by Guarantee)
Trustees' Report and Financial Statements
5 April 2021
The Tula Trust Limited
(A Company Limited by Guarantee)
THE TULA TRUST LIMITED For the year ended 5 April 2021
Trustees
C R Howell
A M Warner N Warner K Enevoldson
R J S Warner
Company registered number
04518299
Charity registered number
1099313
Registered office
11 Chiltern Avenue Bushey Hertfordshire WD23 4PY
Company secretary
K T Enevoldson
Independent auditors
Blick Rothenberg Audit LLP 16 Great Queen Street London WC2B 5AH
Page 1
The Tula Trust Limited (A Company Limited by Guarantee)
TRUSTEES' REPORT For the year ended 5 April 2021
The Trustees present their annual report together with the audited financial statements of The Tula Trust Limited ('the charity') for the 6 April 2020 to 5 April 2021. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the charity qualifies as small under section 382 of the Companies Act 2006, the strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 is not required.
Review of activities
The Tula Trust Limited is a company limited by guarantee, and governed by its Memorandum and Articles of Association.
With effect from 8 September 2003 the charity became a Registered Charity.
Its aims are the advancement of education, the protection of health, and the relief of poverty, distress and sickness of the inhabitants of economically underdeveloped countries and of the disadvantages inhabitants of economically developed countries.
To achieve these aims the charity intends to issue appeals and take other such steps in order to raise awareness of the Charity in order to procure contributions, donations and subscriptions.
The trustees consider that they have complied with section 4 of the Charities Act 2011 with regard to the guidance on public benefit published by the Charity Commission.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
Results
The net surplus for the year ended 5 April 2021 was £456,372 (2020: deficit of £283,661). This was after net gains on investments of £443,721 (2020: net losses of £223,043).
Donations of £255,549 (2020: £260,712) were received during the year.
Grants of £253,260 (2020: £345,499) were made during the year. These covered a range of charities with donations in the range of £500 - £10,000.
Directors and their interests
The directors of the company during the year, who were all trustees, were as follows:
C R Howell A M Warner
Each of the directors is also a member of the company who in the event of a winding-up of the company has a maximum liability of £1.
Page 2
The Tula Trust Limited (A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED) For the year ended 5 April 2021
Statement of Trustees' responsibilities
The Trustees (who are also the directors of the charity for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP (FRS 102);
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make judgements and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and 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 Companies Act 2006. 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.
Financial review
Investment policy
Due to the size and nature of the charity no specific investment policy has currently been set. The directors monitor the position of available cash and the investments held. At the present time the level of cash is sufficient to meet the charity's day-to-day requirements.
As at 5 April 2021, the company had cash of £140,709 held in a number of bank accounts and £2,097,994 in an investment portfolio handled by Julius Baer Portfiolio Managers and Cazenove Capital.
Grant making policy
No specific policy has been implemented in respect of the making of grants. As and when applications are received the directors consider these on merit and with reference to available reserves.
Reserves policy
It is the policy of the directors to maintain the reserves as unrestricted funds, which are the free reserves of the charity. Whilst no specific minimum level of reserves has been set, the directors intend to ensure that future reserves levels are maintained to cover administration and support costs for at least the following three months. The directors consider that this ensures that they have sufficient time to address any potential shortfall.
Risk management
The trustees have considered the major risks to which the charity is exposed, in particular those related to the operations and finances of the trust, and are satisfied that a system of control is in place to mitigate the exposure to the major risks.
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The Tula Trust Limited
(A Company Limited by Guarantee)
(4 Company Limited by Guarantec) TRUSTEES' REPORT (CONTINUED) i For the year ended 5 April 2021
TRUSTEES’ REPORT (CONTINUED) Volunteers For the year ended 5 Apnil 2021
- The charity relies on the contribution of its trustees who provide their services free of charge. Volunteers
The charity relies on the contribution of its trusioes whe provide their services free of charpe Structure, governance and management
Structure, govemance and management Disclosure of information to auditors
Each of the persons who are Trustees at the time when this Trustees' Report is approved has confirmed that:
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so far as that Trustee is aware, there is no relevant audit information of which the charitable company's * so far as that Trustee is aware, there is mo relevant audit information of which the charitable company’s
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auditors are unaware, and • that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any auditors are unaware, and * thal Trustee has taken all the steps thal ought to have been taken as a Trustee in order to be aware of any
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relevant audit information and to establish that the charitable company's auditors are aware of that relevant audil information and to establish thal the chartable company’s auditors are aware of thal
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information. information.
Auditors Auditors The auditors, Blick Rothenberg Audit LLP, have indicated their willingness to continue in office. The Trustees will The awditars, Blick Rothenberg Audit LLP, have indicated their willingnessto continue in office. The Trustees will propose a motion re-appointing the suditars at a meeting of the Trustees. propose a motion re-appointing the auditors at a meeting of the Trustees.
In preparing this report, the Trustees have taken advantage of the small companies exemphons provided by In preparing this report, the Trustees have taken advantage of the small companies exemptions provided by section 4154 of the Companies Act 2006. section 415A of the Companies Act 2006.
Approved by order of the members and of signed on the their behalf board by: of Trustees on _______ and signed on their behalf by:
----- Start of picture text -----
A M Warner
Director
----- End of picture text -----
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The Tula Trust Limited
(A Company Limited by Guarantee)
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE TULA TRUST LIMITED
Opinion
We have audited the financial statements of The Tula Trust Limited ('the charitable company') for the year ended 5 April 2021 which comprise the Statement of Financial Activities, the balance sheet, the statement of cash flows and the related notes, including 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 Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
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give a true and fair view of the state of the charitable company's affairs as at 5 April 2021 and of its incoming resources and application of resources, including its income and expenditure for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) 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 charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Trustees' 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 charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.
Other information
The Trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditors' report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, 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 information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Trustees' Report for the financial year for which the financial statements are prepared is consistent with the financial statements.
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the Trustees' Report has been prepared in accordance with applicable legal requirements.
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The Tula Trust Limited
(A Company Limited by Guarantee)
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE TULA TRUST LIMITED (CONTINUED)
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report.
We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:
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adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
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the financial statements are not in agreement with the accounting records and returns; or
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certain disclosures of Trustees' remuneration specified by law are not made; or
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we have not received all the information and explanations we require for our audit; or
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the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Trustees' Report and from the requirement to prepare a Strategic Report.
Responsibilities of trustees
As explained more fully in the trustees' responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine 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 Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors' 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 instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, and noncompliance with laws and regulations, our procedures included the following: enquiring of management concerning the charity’s policies with regards identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance; enquiring of management concerning the charity’s policies detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; enquiring of management concerning the charity’s policies in relation to the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations; discussing among the engagement team where fraud might occur in the financial statements and any potential indicators of fraud; and obtaining an understanding of the legal and regulatory framework that the charity operates in and focusing on those laws and regulations that had a direct effect on the financial statements or that had a fundamental effect on the operations of the charitable company. The key laws and regulations we considered in this context included the Charities Act 2011 and applicable tax legislation..
Page 6
The Tula Trust Limited
(A Company Limited by Guarantee)
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE TULA TRUST LIMITED (CONTINUED)
One particular focus area was the risk of fraud through management override of controls. Our procedures to respond to risks identified included the following: performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; reviewing the bank statements of the charitable company for evidence of any large or unusual activity which may be indicative of fraud; enquiring of management in relation to any potential litigation and claims; and testing the appropriateness of journal entries and other adjustments.
Another focus area was non-compliance with the rules of the Charity Commission. The charity was authorised and regulated by the Charity Commission throughout the period. Our procedures to respond to risks identified included the following: reviewing correspondence between the charity and the Charity Commission; and discussion of regulatory matters with the appointed officers of the charity.
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. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors 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: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditors' report.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members 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 charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.
Shaun Melvin (senior statutory auditor)
for and on behalf of Blick Rothenberg Audit LLP Statutory Auditors
16 Great Queen Street London WC2B 5AH
21 December 2021
Page 7
The Tula Trust Limited
(A Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) For the year ended 5 April 2021
| Note Income from: Donations and legacies 2 Investments 3 Total income Expenditure on: Charitable activities: Grants paid Administration Costs Total expenditure Net gains/(losses) on investments Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2021 £ 255,549 30,354 285,903 253,260 19,992 273,252 443,721 456,372 1,773,331 456,372 2,229,703 |
Total funds 2021 £ 255,549 30,354 285,903 253,260 19,992 273,252 443,721 456,372 1,773,331 456,372 2,229,703 |
Total funds 2020 £ 260,712 40,116 300,828 345,499 15,947 361,446 (223,043) (283,661) 2,056,992 (283,661) 1,773,331 |
|---|---|---|---|
The notes on pages 10 to 14 form part of these financial statements.
Page 8
The Tula Trust Limited
(A Company Limited by Guarantee) Registered number: 04518299
BALANCE SHEET Registered number; 04512299 As at 5 April 2021 ~~a~~
| BALANCESHEET | |||||||
|---|---|---|---|---|---|---|---|
| BALANCE SHEET | 2021 | 2020 | |||||
| As at 5 April 2021 | Note | £ | £ | ||||
| Fixed assets | 2021 | 2020 | |||||
| Investments Fixed assets |
9 Note |
2,097,994 £ |
1,641,684 £ |
||||
| Current assets Investments |
9 | 2,097 9544 | 1,647,Ga4 | ,Ga4 | |||
| Cash and cash equivalents Currentassets |
140,709 | 136,147 | |||||
| Creditors: amounts falling due within one Cash andqa equivalents. |
140,709 | 136, 747 | |||||
| year Creditors: amounts falling due within one |
10 | (9,000) | (4,500) | ||||
| year | 10 | ~~(9,000)~~ | ~~(4500)~~ | ||||
| Net current assets | 131,709 | 131,647 | |||||
| Het current assets | ~~131,709~~ | T~~7647~~ | |||||
| Total net assets Total net assets |
2,229,703 2~~,229,703~~ |
1,773,331 1,77~~3,337~~ |
|||||
| Charity funds Charity funds |
|||||||
| Unrestricted funds Uneestricted funds. |
11 11 |
2,229,703 2,225 705 |
1,773,331 1raaat |
||||
| Total funds Totalfunds |
2,229,703 2,229,703 |
1,773,331 Lert |
The Trustees acknowledge their responsibdilies for comphing with the requirements of the Act wilh respect to The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of finarncaal slaternents accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. the small companies regime. The financial staternenis were appeoved and authorised for issue by the Trustees on The financial statements were approved and and authorised signed on ther for beheell issue by: by the Trustees on _______ and signed on their behalf by:
A M Warner Director The notes on pages 10 to 14 lorn part of these financial statements.
The notes on pages 10 to 14 form part of these financial statements.
Page 9
The Tula Trust Limited (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS For the year ended 5 April 2021
1. Accounting policies
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 (FRS 102) issued on 2 October 2019 and the Companies Act 2006.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 2 October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The Tula Trust Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
1.2 Cash Flow
The financial statements do not include a statement of cash flows because the charitable company, as a small reporting entity, is exempt from the requirement to prepare such a statement.
1.3 Donations received
Donations are included in incoming resources in the year received, unless offered in respect of a future year or a future project in which case they are treated as deferred income.
1.4 Trading activities
Income is included in incoming resources on a receivable basis.
1.5 Expenditure
Provision is made for grant payments at the time the decision is taken by the trustees, to the extent that this decision has been communicated to the recipient of the grant. Where grants have been determined by the trustees but have not been notified to the recipient a contingent liability results and the grant expense is transferred to a designated fund until such time as it falls due.
Resources expended are recognised in the period in which they are incurred.
1.6 Investments
Investments are stated at market value at the balance sheet date. The statement of financial activities incorporating income and expenditure account includes the net gains and losses arising on revaluations and disposals throughout the year.
Page 10
The Tula Trust Limited
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS For the year ended 5 April 2021
1. Accounting policies (continued)
1.7 Foreign currencies
The charity's functional and presentational currency is GBP.
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.
Exchange gains and losses are recognised in the statement of financial activities.
1.8 Financial instruments
The charity enters only into basic financial instruments. Investments are equity shares and other nonderivative instruments. They are held for long-term capital growth and are accounted for in accordance with the policy detailed above.
Debtors represent accrued interest on listed investments, and are initially recognised at market value on purchase of the respective instrument. Subsequently they are measured at fair value with movement shown under income from investments. They are derecognised when the investment is sold.
Creditors and provision are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliable. Creditors and provisions are initially recognised at transaction value as none represent a financing transaction. They are only derecognised when they are extinguished.
The charity's cash holdings comprise on demand balances and deposit accounts. All cash is held with banks with strong external credit ratings.
2. Income from donations and legacies
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2021 | 2021 | 2020 | |
| £ | £ | £ | |
| Donations | 255,549 | 255,549 | 260,712 |
Page 11
The Tula Trust Limited (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS For the year ended 5 April 2021
3. Investment income
| Unrestricted funds 2021 £ Dividends received 14,737 Interest receivable 15,617 30,354 |
Total funds 2021 £ 14,737 15,617 30,354 |
Total funds 2020 £ 11,743 28,373 |
|---|---|---|
| 40,116 |
4. Analysis of grants
| Grants to | Total | Total | |
|---|---|---|---|
| Institutions | funds | funds | |
| 2021 | 2021 | 2020 | |
| £ | £ | £ | |
| Grants to institutions | 253,260 | 253,260 | 345,499 |
A list of the institutions supported by the charity is included as an appendix to these accounts.
5. Members' liability
The charitable company is limited by guarantee without any share capital. In the event of its being wound up each member is liable to contribute for payment of debts and liabilities of the charitable company, such amount not exceeding £1.
6. Auditors' remuneration
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Fees payable to the charity's auditor for the audit of the charity's annual | ||
| accounts | 4,500 | 4,500 |
7. Particulars of employees
The company had no employees during the year. The trustees did not receive any remuneration during the year.
8. Taxation
The company is a registered charity and as such is exempt from corporation tax.
Page 12
The Tula Trust Limited
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS For the year ended 5 April 2021
9. Fixed asset investments
| Market value At 6 April 2020 Additions at cost Disposals at carrying value Revaluations At 5 April 2021 Net book value At 5 April 2021 At 5 April 2020 |
Listed investments £ 1,641,684 873,494 (860,905) 443,721 |
|---|---|
| 2,097,994 | |
| 2,097,994 | |
| 1,641,684 |
The investments of the scheme are held in the name of The Tula Trust Limited by Julius Baer Portfolio Managers and Cazenove Capital, both registered in the United Kingdom.
10. Creditors: Amounts falling due within one year
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Accruals and deferred income | 9,000 | 4,500 |
Page 13
The Tula Trust Limited (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS For the year ended 5 April 2021
11. Statement of funds
| Balance at 6 | Gains/ | Balance at 5 | |||
|---|---|---|---|---|---|
| April 2020 | Income | Expenditure | (Losses) | April 2021 | |
| £ | £ | £ | £ | £ | |
| Unrestricted funds | |||||
| General Funds - all funds | 1,773,331 | 285,903 | (273,252) | 443,721 | 2,229,703 |
12. Related party transactions
Donations for the year include £191,464 (2020: £202,641) from A M Warner, a trustee, and £64,085 (2020: £58,071) from A Ulanowski, a close family member of A M Warner.
Page 14
The Tula Trust Limited (A Company Limited by Guarantee)
APPENDIX TO THE FINANCIAL STATEMENTS For the Year Ended 5 April 2021
DETAILS OF GRANTS PAID
| ETAILS OF GRANTS PAID | ||
|---|---|---|
| Recipient | Location | Grant |
| £ | ||
| Able Child Africa | Africa | 2,500 |
| Action For Kids | United Kingdom | 2,000 |
| Action For Me | United Kingdom | 2,000 |
| Adami Project | Sierra Leone | 1,000 |
| Adventure Ashram | India | 2,000 |
| African Mission | Zimbabwe | 2,000 |
| Arms Around The Child | India | 2,000 |
| Arthritis Action | United Kingdom | 2,000 |
| ASS For The Global Advancement Of ENT | ||
| Surgery And Head And Neck Cancer | ||
| Research | United Kingdom | 2,000 |
| Bath And North East Somerset Carers Centre | United Kingdom | 2,000 |
| Bees Abroad | Overseas | 1,000 |
| Bibic | United Kingdom | 2,000 |
| Brain Tumour Support | United Kingdom | 2,000 |
| British Blind Sport | United Kingdom | 2,000 |
| British Wireless For The Blind Fund | United Kingdom | 1,000 |
| Caring And Sharing Trust | United Kingdom | 1,000 |
| Caudwell Children | United Kingdom | 2,000 |
| Cecily's Fund | Zambia | 2,000 |
| Chase Africa | Africa | 2,000 |
| Cherry Trees | United Kingdom | 2,000 |
| Children Of Choba | Tanzania | 2,000 |
| Children On The Edge | Beirut | 2,000 |
| Children's Aid Team | United Kingdom | 1,000 |
| Clothing Solutions For Disabled People | United Kingdom | 1,000 |
| Computers For The Disabled | United Kingdom | 2,000 |
| Cupboard Love | United Kingdom | 500 |
| Deafblind UK | United Kingdom | 2,000 |
| DeafWay | Uganda | 2,000 |
| Demand | United Kingdom | 2,000 |
| Designability | United Kingdom | 2,000 |
| Dhaka Ahsania Mission UK | United Kingdom | 2,000 |
| East Africa Childrens Project | Africa | 2,000 |
| Educate For Life | India | 2,000 |
| Educating the Children | United Kingdom | 1,000 |
| Education for the Children | Guatemala | 2,000 |
| Emms International | Malawi | 2,000 |
| Empathy International | Laos | 2,000 |
| Essex Dementia Care | United Kingdom | 3,000 |
| Evergreen Africa | Uganda | 2,000 |
| Five Talents | Kenya | 2,000 |
| Forest Of Avon Trust | United Kingdom | 1,000 |
| Frank Water | United Kingdom | 2,000 |
| Frank Water | India | 2,000 |
| Freedom Kit Bags | United Kingdom | 2,000 |
The Tula Trust Limited (A Company Limited by Guarantee)
APPENDIX TO THE FINANCIAL STATEMENTS (continued) For the Year Ended 5 April 2021
DETAILS OF GRANTS PAID (continued)
| ETAILS OF GRANTS PAID (continued) | ||
|---|---|---|
| Friends of The Elderly | United Kingdom | 3,000 |
| Giving World | United Kingdom | 4,000 |
| Happy Hill | United Kingdom | 2,000 |
| Headstart 4 Babies | United Kingdom | 1,000 |
| Health Poverty Action | Guatemala | 4,000 |
| Helpage International | Worldwide | 2,000 |
| Humanity & Inclusion | Syria | 2,000 |
| Impact Foundation | India | 2,000 |
| In Touch | United Kingdom | 2,000 |
| Inspiring Minds | United Kingdom | 1,000 |
| Intercare | Malawi | 3,000 |
| Jairah Funds | India | 2,000 |
| Just Giving Serendip Childrens Charity | United Kingdom | 2,000 |
| Karana Trust | India and Nepal | 2,000 |
| Kids | United Kingdom | 5,000 |
| Laff | Peru | 2,000 |
| Lucy Air Ambulance For Children | United Kingdom | 2,000 |
| Lynda Jackson Macmillan Centre | United Kingdom | 2,000 |
| Macmillan | United Kingdom | 510 |
| MACS | United Kingdom | 2,000 |
| Malaika Kids | Tanzania | 2,000 |
| Martha Trust | United Kingdom | 2,000 |
| Microloan Foundation | Malawi | 2,000 |
| Motivation | Africa | 2,000 |
| MSF | United Kingdom | 5,000 |
| Nara - The Breathing Charity | United Kingdom | 2,000 |
| NewLife | United Kingdom | 2,000 |
| Nightingales Childrens Project | Romania | 2,000 |
| Nowzad Charity | Afghanistan | 1,000 |
| Oak Tree Animals’ Charity | United Kingdom | 1,000 |
| Opportunity Sports Foundation | United Kingdom | 1,000 |
| Orbis | Ethiopia | 3,000 |
| Orcadia Movement Ltd | United Kingdom | 2,000 |
| Out Of Class UK | United Kingdom | 1,750 |
| Pain Concern | United Kingdom | 2,000 |
| Parkinsons UK | United Kingdom | 2,000 |
| Phoebe | United Kingdom | 1,000 |
| Practical Action | Nepal | 2,000 |
| Pump Aid | Malawi | 1,000 |
| Rainbow Trust | United Kingdom | 2,000 |
| Renewable World | Kenya and Nepal | 4,000 |
| Rescue UK | United Kingdom | 3,000 |
| Roald Dahl Marvellous Childrens Charity | United Kingdom | 2,000 |
| Ruskin Mill Trust | United Kingdom | 2,000 |
| Safe Families | United Kingdom | 2,000 |
| Save the Children | Worldwide | 5,000 |
| Sebastians Action Trust | United Kingdom | 2,000 |
| Shelterbox | Worldwide | 2,000 |
The Tula Trust Limited (A Company Limited by Guarantee)
APPENDIX TO THE FINANCIAL STATEMENTS (continued) For the Year Ended 5 April 2021
DETAILS OF GRANTS PAID (continued)
| Sightsavers Uganda and Malawi Starlight Childrens Foundation United Kingdom Stokenchurch Dog Rescue United Kingdom Support Dogs United Kingdom Support Line United Kingdom The Butterfly Trust United Kingdom The Childrens Trust United Kingdom The Compassionate Friends United Kingdom The Connection United Kingdom The Family Haven United Kingdom The Harbour United Kingdom The Movement Centre United Kingdom The Sequal Trust United Kingdom Therapet United Kingdom Thet Zambia Together We Learn Ethiopia Toms Trust United Kingdom Tushinde Childrens Trust Kenya Unicef Worldwide United World Schools Myanmar Village Aid Ghana Village Water Africa Wallace and Gromit Grand Appeal United Kingdom War Child UK Afghanistan Willow United Kingdom Womankind Nepal Women & Children First Worldwide Wonder Years Tallin Tallin World Medical Fund For Children Africa World Villages For Children Sao Paolo Young Free United Kingdom Zambia Orphans Aid UK Zambia |
2,000 2,000 3,000 1,000 1,000 2,000 3,000 1,000 2,000 1,000 2,000 2,000 3,000 1,000 2,000 2,000 2,000 2,000 10,000 2,000 2,000 2,000 2,000 2,000 1,000 2,000 2,000 1,000 2,000 2,000 1,000 2,000 |
|---|---|
| 253,260 |