The Sybil Charitable Trust Charity Registration Number: 1111764
Trustees' report and unaudited financial information For the year ended 5 April 2022
The Sybil Charitable Trust
Legal and administrative information
| Trustees | The Marquess of Cholmondeley KCVO |
|---|---|
| Glenn Charles Hurstfeld | |
| The Marchioness of Cholmondeley | |
| Charity number | 1111764 |
| Principal address | Estate Ofce |
| Houghton | |
| Kings Lynn | |
| Norfolk | |
| PE31 6UE | |
| Accountants | Evelyn Partners LLP |
| Accountants | |
| Old Library Chambers | |
| 21 Chipper Lane | |
| Salisbury | |
| Wiltshire | |
| SP1 1BG | |
| Solicitors | Keystone Law |
| 48 Chancery Lane | |
| London | |
| WC2A 1JF | |
| Independent examiner | Julie Mutton FCA |
| Evelyn Partners LLP | |
| Old Library Chambers | |
| 21 Chipper Lane | |
| Salisbury | |
| Wiltshire | |
| SP1 1BG |
The Sybil Charitable Trust
Contents
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Independent examiner's report | 3 |
| Receipts and payments account | 4 |
| Statement of assets and liabilities | 5 |
The Sybil Charitable Trust
Trustees' report for the year ended 5 April 2022
The trustees present their report and fi nancial information for the year ended 5 April 2022.
The fi nancial information has been prepared on a receipts and payments basis and complies with the charity's governing document and the Charities Act 2011.
Structure, governance and management
The charity is an unincorporated trust constituted by a charitable trust deed dated 13 July 2005 as amended by Deed of Variation dated 27 September 2005 and is a registered charity, number 1111764. The address is Estate O ffi ce, Houghton, Kings Lynn, Norfolk, PE31 6UE.
The trustees who served during the year were: The Marquess of Cholmondeley KCVO Glenn Charles Hurst fi eld The Marchioness of Cholmondeley
There must be appointed at least three trustees at all times.
The trustees have reviewed the risks to the assets of the charity and they consider that adequate controls are in place to mitigate those risks.
Objects and activities
The charity's objects are to relieve poverty and advance the education of the public (in particular, children of school age) in the counties of Norfolk, Cheshire and North Shropshire. The charity operates a minibus service for the purpose of providing local people with transport for trips out and local service. The policies adopted in furtherance of these objects are to make grants to or for such charitable purposes as the trustees shall determine. There has been no change in these policies during the year.
The trustees have considered the guidance provided by the Charity Commission with regard to meeting the public bene fi t objective. As all donations are made to registered charities and educational and religious institutions, the trustees believe that The Sybil Charitable Trust is acting for the bene fi t of the public.
Achievements and performance
During the year, the charity received £2,229 (2021: £1,917) in investment income and £74,850 (2021: £22,667) in donations. It paid out £65,505 (2021: £5,373) in grants and donations and £13,677 (2021: £25,260) in minibus and other expenses. All of these are in furtherance of the charity's objects.
Financial review
The trustees will pursue a policy of distributing the income by way of grants within the scope of the net resources of the charity, with any surplus being added to reserves for distribution in a subsequent year. All reserves are unrestricted.
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The Sybil Charitable Trust
Trustees' report for the year ended 5 April 2022
Trustees' responsibilities
The trustees are responsible for preparing the trustees' report, the receipts and payments account and the statement of assets and liabilities in accordance with applicable law and regulations.
The law applicable to charities in England and Wales requires the trustees to prepare fi nancial information for each fi nancial year. Under that law the trustees have elected to prepare a receipts and payments account and a statement of assets and liabilities. The trustees must not approve the fi nancial information unless they are satis fi ed that they properly present the receipts and payments for the year and the assets and liabilities of the charity.
The trustees are responsible for keeping proper accounting records which are su ffi cient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the assets and liabilities of the charity and enable them to ensure that the fi nancial information can be properly drawn up in accordance with the Charities Act 2011, 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.
On behalf of the board of trustees
The Marquess of Cholmondeley KCVO
.................................................................. Trustee
Dated: ................................................24 February 2023
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The Sybil Charitable Trust
Independent examiner's report to the trustees of The Sybil Charitable Trust
I report to the trustees on my examination of the fi nancial information of The Sybil Charitable Trust for the year ended 5 April 2022 which comprises the receipts and payments account and the statement of assets and liabilities.
Respective responsibilities of trustees and examiner and basis of report
As the charity's trustees you are responsible for the preparation of the fi nancial information in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the charity's fi nancial information 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
I have completed my examination. I con fi rm 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 nancial information does not accord with those records.
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 fi nancial information to be reached.
Julie Mutton
...................................................................
Julie Mutton FCA Evelyn Partners LLP
Accountants Old Library Chambers 21 Chipper Lane Salisbury Wiltshire SP1 1BG
Date: ....................................................27 Feburary 2023
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The Sybil Charitable Trust
Receipts and payments account for the year ended 5 April 2022
| Page Income Receipts Investment income Donations Total receipts - income Payments Grants to institutions Light and heat Other donation - insurance Minibus expenses Accountancy fees Fundraising expenses Bank charges and interest Total payments - income Net movement on income Cash funds last year end Cash funds this year end 5 |
2022 £ £ 2,229 74,850 77,079 63,854 1,450 1,651 8,455 3,240 503 29 (79,182) (2,103) 3,091 988 |
2021 £ £ 1,917 20,750 22,667 1,981 590 3,392 20,826 3,840 - 4 (30,633) (7,966) 11,057 3,091 |
2021 £ £ 1,917 20,750 22,667 1,981 590 3,392 20,826 3,840 - 4 (30,633) (7,966) 11,057 3,091 |
|---|---|---|---|
| (7,966) 11,057 |
|||
| 3,091 |
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The Sybil Charitable Trust
Statement of assets and liabilities as at 5 April 2022
| Page Cash funds Barclays Business Current Account 4 Fixed assets Cost Estimated value Investment assets Cost Market value Debtors Gift Aid claims outstanding Liabilities Independent examination fees Houghton Estate Accountancy fees |
2022 £ 988 39,915 4,603 29,267 46,930 18,375 1,050 - 2,820 3,870 |
2021 £ 3,091 |
|---|---|---|
| 39,915 | ||
| 6,138 | ||
| 29,267 | ||
| 44,197 | ||
| - | ||
| - 4,436 3,420 |
||
| 7,856 |
Trustees' approval
In accordance with the engagement letter dated 4 October 2007, we approve the fi nancial information for the year ended 5 April 2022 which comprises the receipts and payments account and the statement of assets and liabilities. We acknowledge our responsibility for the fi nancial information, including the appropriateness of the accounting basis and for providing Evelyn Partners LLP with all the information and explanations necessary for its compilation.
24 February 2023 Signed on behalf of the Trustees on .....................................................
The Marquess of Cholmondeley KCVO .......................................................... Trustee
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