Charlty No. 1112721 THE PAPHITIS CHARrrABLE TrUST REPORT & FINANCIAL STATEMEI 30 Juno 2022 The Paphltb Charltable Trust Report and financlal statements For the year ended 30 June 2022 Contsnts Page: 1- 4 Trustees, Annual Report Indeper￿ent Examinerfs Report to the Tru8lee3 of The Paphili8 Charitsble Trust Slatemgnt of financral actswties Balance Sheet 8- 17 Note8 Trustees. Annual Report for the period Period start dale July Period end dale 30th June From 2021 To 2022 Reference and administration details Charity name The Paphitis Charitable Trust Other names charlty Is known by Registered charity number (if any) 1112721 Charity's principal address 1 St George's Road Wimbledon London Postcode SW19 4DR Names of the charity trustees who manage the charity Dates acted If not forwhole ear Tru5t•& name Office lif any} Name of person lor body) en￿lled toa oint trustee ifan Malcolm Cooke Richard Towner Kypros Kyprianou Ann Mantz lan Childs 10 11 12 13 14 15 16 17 18 19 20 Names of the trustees for the Charity, if any, {for example. any Custodian trustees) Name Dates acted if not for whole ear TAR Names and addresses of advlsers (Optlonal Infom)atlon) of advlsor Name Addre BDO LLP Name of chlof oxecutlve or names of senior staff members (Optlonal Infom)atlon) Structure, governance and management Des¢rlpJon of the charlty's trusts The charlty is govemed by way of a Trust Deed. Type of governlng document How the charity is constituted Trust ieG' lffi..ql a￿s0￿1)I10[& ccmi-n> I Trusts8 sel8Ctlon methods clpd bvl Additional truste8s are appointed by resolutlon of the Trustees Addltlonal governan￿ issues Ioptlonal Infomatlon) You may Choo￿ to include additional information, vthere relevant, abouL Policies and procedures adopted for the induction and tralning of trustees. Th8 charity's organlsational strucbjre and any wider network with vthich the charity works. Relationship with any related parties. Trustses, consideratlon of major risks and the System and procedures to manage them. Ob'ectives and activities The objects of the charity are for charllable purposes generally. Summary of tho objects of the charlty set out In Its governing document TAR The Trustees apply the income of the charity for the furtherance of education and sport., relief of poverty, care in the communty and other projects beneficlal to the general public by making grants. Summary of the maln actfvltles In relatlon to these objects Addltlonal details of objectlves and actlvltles (Optlonal Infomiallon You may choose to Include fvrther statements. where reEevant, about: Policy on grantmaking Policy programme related investment Contribulion mad8 by Volunteers Achievements and performance Summary ofthe maln achlevernents of the charlty durlng the year This is the sixteenth full year slnce the charty was established. The year has been a further period of continuing consolidation and building the funding level to enable the charlty to carryout its objectlves. The Trustees are pleased to report that the fund remains healthy with a bank balance at the year end of £191.370 and reserves of £208,450. Donations to the value of £82,750 have been made to 8 number of mainly smaller charities where the Trustees belleve that the aid will make a difference. TAR Financial review Brief statement of the Charity's policy on reserves Reserves are retained by the Charity to meet future requests for support Details of any funds materially in deficlt NIA Further financial review details (Optional information) You may choose to include additional information. where relevant about.. The charity's principal sources of funds (including any fundraising). How expenditure has supported the key objectwes of the charity. Investment policy and objectives including any ethical investment policy adopted. Other optional information Declaration The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Slgnaturelsl Full namels} Position leg secretary. chair, et¢) Kypros Kyprianou Trustee Date 251412023 TAR The Paphltls Charltable Trugt Report and flnanclal statements For th8 yèar ended 30 June 2022 INDEPENDENT EXAMINER'8 REPORT TO THE TRUSTEES OF THE PAPHITIS CHARITABLE TRUST I report to the trustees on my examination of the accounts of The Paphllls Charitable Trust for the year ￿ded 30 June 2￿22 wh￿h are s6t out on pages 6 to 17. Thls ￿P)rt is made solely to the chariW$ trustees, as a body, in accordance with Regu12tion 31 of the Charitie8 (Accoun15 and Reports) Regulaltons 2008. My work has been undertaken so that I might stalg to the chartys trustees those matters l 8m required lo state lo them in an independent examiners report and for r other purpose. To the fullest extent permitted by Iww, I do not accept or assume fesponsfoilty to anyone other than th8 charitys trustees as a body, for my work. forthis report. or for the statement I have made. R•sponBlbllltl•s and bas1$ for report As the trustees of the charity you are r6sponslble forthe preparetton dthe accounts in accordance with the requirements of thg Charities AGI 2011 {'the Acri I repcfft In respect of my ex¥mlnatlon of the chariws account8 carried OLrt under s#tion 145 of the Act and In carwng out my examination I have foLkYwed all the applicable Directions gNen by tho Charlty Cornm￿10n under se¢tion 145151(bl of the Act Indopendent examlneffs statement I have completed my examination. I confimi that no material matters have ojme to my attentlon In connection vthh the examination gbving me cause lo beligve that in ary malerial respecL" accounting records were not kept in respe¢t of the charity as required by $edknn 130 oftheArt c the accourts do not accord with those records; or the accounts do not compty with the ￿UntIng requirements ¢oncemlng the fomi and content of the a¢counts sd out in the Charities {AGcounts and Reports) Regulations 2W8 other than any requirement that the accovnls gNe a Irue and fair vithrf which Is not a matterconsidered a$ part of an independent examination" or the accounts have not been prepared In accordance with the methods arKI principles of the Statement of Rewnmend&l Practice for accounting and reporting by charities (applicabl• to charities preparing their accounts in accordance wilh th• Financial Reporting Slandard applicable in the UK and Republi¢ of Ireland (FRS 1021). I have no concems and have c￿e across no other mattw¥ in connection with the examination to which attention should be drawn in thi$ report in order to enable a proper understaNling of the accounts to b8 reached. DocuS*Mdty'. DA15AEDF5D45453. Heather INFwlhouse ACA BDO LLP Brklgewater House Counterslip Bristol BS16BX 26 April 2023 CHARITY COMMISSION FOR ENGLAND AND IVALES The P2phib"s Charitable Trust Charity No ifan Annual accounts for the period Period start dale en date 1st July 2021 30th June 2022 Section A Statement of financial activities Restricted income funds Prior year funds Total funds Restated Recommended categorie5 by a¢tivity Unrestrlet funds Endowmen t funds Incomlng resour¢es (Note 31 In¢ome and endowments from.. F01 F02 F03 F04 FD5 Donahon5 and legacxes chan￿ble athvities 48,650 48,650 16,400 $02 Othertrading activibes lThvestments S03 89,293 56 89.293 56 S04 21 Separate makrial Item of Income Other S05 S06 Total Resources expended (Note 41 Expendtture on.. Rai%in9 funds Charitabl8 athvibes S07 137,999 137,999 16,421 S08 S09 82,750 82,750 11,043 Separate material ilem of exp2ns8 0￿er Slo S11 Total S12 82,750 82,750 11,043 Net incomel{expenditurel before investment gainslllossesl S13 55,249 55,249 5,378 Nei gainslllos5esl on investmen18 S14 Net incomellexpenditurel Extraordinary items Transfers between funds Other recognised gainslllossesl: Sl5 55,249 55,249 5,378 S16 $17 Gains and losses on revaluation ol fixed assfris forlhe charity's own use other gainsll1055e51 Net movement In funds 518 S19 S20 55,249 55,249 5,378 ReconciTliatlon of funds." Total funds bfoughl fothard Total funds carried forward S21 154,336 209,585 154,336 209,585 148,958 154,336 S22 Section B Balance sheet Restrlct•d ineome funds Totsl last year Restated Unrestricted funds Endowment Totsl th5S funds yèar Fixed assets Intanglble assets Tangible assets Heritage assets Investrnents F01 F02 F03 F04 F05 B01 B02 B03 B04 Total fixed assets B05 Current assets Stocks Debtors Investments Cash at bank and In hand INote 71 Total current assets BOS {Note 5) 807 42,080 42,080 B08 B09 192,505 234,585 179,336 179,336 B10 234,585 Creditors: amount5 falllng due within one year (Note 61 B11 25,000 25,000 Net currgnt assets/(liabllitiesJ 812 209,585 209,585 179,336 Total ossets less eurrent liabilities B13 209,585 209,585 179,336 Creditors: amounts falling due after ona ygar (Note 61 Provisions for liabilities B14 25,000 Is Total net assets or liabllltles Funds of the Charity B16 209,585 209,585 154,336 Endowmgnt funds B17 Restricted income funds B18 Unrgstricted funds Rgvaluation reserve 819 209,585 209,585 154,336 820 Total funds 821 209.585 209,585 154,336 Signed by tsne or two trustees on behalf of all the trustee5 Date ol approval ddlmrnl 2510412023 Signature Print Name Kypros Kyprianou Section C Notes to the accoLints Nole 1 Basls of preparatlon Thls sectlon should be completed by all charities. 1.1 Basis of accountlng These accounts have been prepared under the hlstorfcal cost conVen￿On vthh Items reLognlswJ at ￿$¢ or transaction value unless othenvise slated wi the relevant nolelsl to these accounts. The accounts have been repared in accordance wth.. the Slaternonl of Re¢ommended Practlce.. Acctsjnting and Reporting by Charrtle8 preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 Juty 2014 the Finan¢ial Reportiro Stsndard applicable in the Urtit￿ Kingdom and Republi¢ of Ireland (FRS 102) and with the Charities Ad 2011. ' andth. ' and wilh. Th8 charity ¢on$tliutes a publtc benefit entity as defined by FRS 102.. -rKk as approprlale 1.2 Golng concern If there are materfal uncertalntlés rd•tèd to events orcondttlons that cast nlficant doubt on the An explanation as to those factors that support There are slgnlflcant funds heldat bank to pmvlde the conclusion that tho tharlty Is a golng donotlons foratleast 12 months from the dale of concem. approval. Dis¢h)8ure of any uncertainties that makè the golng concem assumption doubtful; The dlsrnptlon to the UK econOmy￿u$edbY the Covld- 19pandomlc ¢rnatedpotenUalrisk to thé Charftyandas we re¢ov•rfrom It the negatlve Impact on aKtemal Income and donadons h•s been mlnlmal. The Impact of tho cost oflmng crfsts wlthln the UK couldreduce the l•vel of extemal Incomg anddt)natlons to the Charity which would rnstrfct the level of charftabl• funds payable due to the fun(ts held atbank. Not appllcable Where accounts are not prepared on 8 golng concem basis, please dlsclose this fact together wth the basis on which the trust prepared the accounts and the ￿a$¢n why the charity is not regarded as a going concern. 1.3 Change of accounting policy The accounts present a true and fair view and the accounting pollcles adopted arè those outlined In note { }. No. -TKk as appropriaia Pl•ase disclose.. the nature of the chan e in a¢countln (Il) the reasons why applylng the new accounting pollcypmvldos more reliable and more relevant infomiatlon,. and (iii) the amount of the adjustment for each line affected in the currentperiod, each prforperfod presented and the aggregate amount of the adjustment relating to periods before those presented, 3.44 FRS 102 SORP. Section C Notes to the accoLints Icontl 1.4 Changes to accounting estlmates No changes to accounting estimates have occurred in the reporting perlod (3.46 FRS 102 SORP). -Tick as appropriat& Please ¢*sclose.' (i) the nature of any ¢hanges," (11) the effect of the change on Income and eXp￿se or assets and Ilabllltles for the current perfod.. and {iiiJ where practlcable, the effect of tho change In one ormore future perfods. 1.6 Materfal prlor year errors No material prior year error have been Identif￿ in the reporting pertod (3.47 FRS 102 SORP). Yes" '.Trk as apprcpriate No" Please dlsclose.. During the prior year a donation of £25,000 to Hideout Youth Zone was included in expenditure on charitable aclivities. Thi5 was incorrect a$ it had been irKluded in ¢reditors in the PreV￿)us year. The £25,o¢JO has been adjusted in tho prior year comparatNes reducing expenditur8 on charitable activitses. changing nel expenditure of £19.622 as previ¢)usly stated to net income of £5,378 as restated, inGre88lng unrestricted funds as at 30 June 2021 by £25,000 and reduciro accruals for grants payabl¢ by the same amount. (ij the nature of the prlorperfod error, (14 lor each prlorperiod prosented in the accounts the amount of the correction lor each account Ilne item affected,. and (lil) the amount of the eomctlon at the beginnlng of the earflest priorperiod Pre$￿ted In the accounts. There is no adjLE8lment to a poriod earfierthan the year ended 30 Jur￿ 2021. Seclion C Nots2 2.1 INCOME AccountlThJ pollGIos RKtynaiDRof ITrcLTh Indth kn thèS18teni¥ArfFhinu￿AcI¥lUo1{sQFA)￿thQn.' Nla mfthj FRS 102Sth2P tyFRS 102 NIA tt4￿ &7mllt(S.10toS.12 FR$102 $ORPI. thth#¢48•¢lp•rfrtm*th IrtsThJrthtMlybg wni1¢4 ￿￿>)￿￿¥th￿l k￿M￿nEe￿w¢XJ￿d￿￿￿aArnoI1S.1aFRs 102 SORPI. Lapdesarelncluded th theSOFA*tsn ￿10 probHtI•, ￿￿t16.*￿1th¢re n•6 t4th8r8ni•fwJbet¢. th¥¢x8¥JlW¥ ￿￿tI￿h8d thottheTeeTe wThth145uetskn Lty•¢ Ye¥ dglPA twtwJas￿ eddttlon iothe BBmefund os thelrlUEl¢kqwik• ur&•lhodoncf nnsolth0w￿ haw Ye¥ No Nla DonAtBdgmd8 atlthrythelthe£mJnttr%￿￿theAB￿t•)>Id k• Thtr¢¢i¢d•ry*¢xkdgood& to t¢ thefaLrvth&0fltrmouth*tthfrtifftèofthdrrnctytndth￿orn Inthtywts￿n0 Prt¢dkn*hlL*thB 5tKkg 8re dI￿￿rted. terty*sed ajan are￿￿th0￿ck51tdbkntrJ1￿j C*2notsd oxdslurrwd••t•mOAwJred&tlairvaknMinrfiDI hth• eaL On eyln8t'hwrnelrr¥n ¢thwtradlng Nla ¢3hkn foriJt•tyth•thBrfty4felnd￿ S¢FAos*K4ThfrryTrdty *tt•n No theSOF Na Nla Vplukii•vbglp booThyJfromlTrtsr••L T￿l&l￿d￿d￿d Inth•a¢¢•mts*then io Section C Notes to the accounts (conti Nots2 2.1 INCOME {continued) Incomgfrom m•mb6rBhlp m**bws￿P subsL7lptsorw rec•¥ed In fiabnof• gnl •J• reeWged In Bub8crtpdon8 DOnatt0￿ and Lega¢les. Accountlng policies Membetship 5ubscrfplcffls thchgNes a mwtylhe rtghtto buy8¢￿¢￿1 or Olher benefts are recognw as IrK¢me eanRd frryn Ihe olg(*d$ •r 8$ ￿n￿rne from¢hwitable 4t1￿e5. Insurance dalms areonty I1￿￿*d th Ihe sOFA￿En Ihe gen￿￿ IrKome reco3rthon (￿rfa are mel15.10 10 5.12 FRS102 SORP) and are Inclthled as ttem of other inwne in the SOFA I rd8 Inciuoes erry rewr8ea or ￿realIsea g•ns or Ioss88 C￿ ￿le OT Invosthiwbtoalni and In¥eslment8 Otx1 awg¥n or IG$$ re$V￿ng revalulrq Irw5tments lo M£￿81 otthe end ofthe >*ar. Nlo Yes Wa 22 EXPENDITURE AND LIABIUTIES LlobllltyF¢¢ounlllon Uabtheg are r8cognl58d tt 1$ mtrt Ilkdythan fic4th8ttl￿ 1$ o or ¢on$t￿￿￿E obllgauon o)mmrtW the tharltyto ptyout resrASTQS tr amount ofthe L*Jlhjali￿ ean t¢ Measu￿￿￿ rewTha￿e c4rtwnty. &Jpwrt cost$ h8v¢ been allocaled teMwn g0¥8mn¢e <￿1$ and other sup Gthem•n¢e ¢osts ujmprlse all costs th¥ol¥hg puNlc xcwntaknmyrflhethor and Its ￿mplianceY+lll1 ￿lulati￿ aTrJ good W8￿Ce. &Jrwt ¢08ts IndLkle c4ntral fiJrKllon$ and ha%* tsen alIL￿ted to s¢11￿ty￿st C8tegorf85 cffl a bas15 con51stenl *llh Ihe w of r88owe¢#. eg ￿l0¢011ng costs ty flware85, OT percipil4 Staff costs by IheJme swl and otherrfjsts thwrusoge. W7￿￿ Ihe tharjty glws ¥ gr8rtt *llhC4jr￿￿￿&￿*£ts pa￿rt 8 speth¢ level of outwt to prothded. SLKh grant$ are orrfyreccgnlsed In SOFA the redplent ollhe grant ha% provid*J the 8pecifr8d ser¥i¢e or0￿￿t. Grants pAyab rtthereare no coThllllotsotta¢W lo ts grantthal ￿alle$ fv doficf vAlhotrt WrfoYrnn￿ charlty to re&u￿11Y th8 rthMnrtm￿L a W8bdly for the ftdll ondltlons ot41gaii¢n m￿t be racognlsed. Yes Governanco 2nd 8UPPOrt costs Granta whh No Nla ¢ond#lon• Yes No R•durthncy cost Tha charlty m8de no payments duthg r•porfrva wiod. Yos No D8forrod Ine4)m• Nofflaterfal ofd8ferr8d I￿0￿• been Inc*Jtsl In tho a¢cour The ¢Wty hBs cred￿￿*￿1¢h are measwed at sewement aThunl¥ less •ry trade di$u)wts A lla￿11ty 1$ meaww 8t Its N$trytcal eo$t then 5ubs4w measured atth? teSte$￿m8te olthe am¢JJnl w￿red io settlelhe ￿l9?￿oN at the ￿pOr￿"n9 date c*arty a¢￿￿)￿ forbaslctlnandal th$trwn¢nts on rewJthn ss PEr par8grath 10.7 FRS102 SORP. Su￿￿tMe8$Uteff*rt 1$ F4r pwrngTaptr4 11.17 to 11.19, FRS102 SORP. Nlo Provl•lon•loT 118bllNI88 No Nla 81* Ilnanclal InslNrMnt8 Yes No 2A ASSETS Tangme Ilxed ab¥gts lor uBo by charfty These 8r8 c8ptt#iiieo used fvr mtyg onèswr. r•tat No Nla V 8re valued ai ￿$t. Thè deprgclthn rate# ar￿ meth¢>J• used aredk8do8ed In note 9.2. IntsTvJlbie r￿ed as•ots Th& choTIty ha5 Intanothkftt*J 8uet8. I￿1 Is. nonllfflffttaryassÈls Ihal do mt ha%* wbslm bul areldenlffiatle and are ¢ontro11gJ tythe thBrlty Ihrough cwto* ¢¢legal The 8morfba￿0n rates malhcth uled Are di8c40s•d In ncle 9.5 No No TW am v•lu•d alcoit. The¢hwlty hws herllffjo •8$*, th81 l#, nthFmw)8tary assets 8clenbfic, techM10yi¢al, geortyslcal Oren￿￿nrnenta1 I￿1￿1¢$th81 are hdd malntalwj prf￿alty f0rthetrcC￿1ribUUQn to knO￿ledge ￿lture. The depreejotkn aThJ m8thrpJ$ u6¢d 05 dla(S)sed In nol8 9.6.1.4. Nla No Nla Tlw are Wal￿ atcost. 11 Sectioii C Note5 to thÈ accounts (conti Nots2 Accountlng pollcles 2.3 ASSETS (continued) Investmgnts Fixed asset investrnents in quoted shares, traded b)nd8 and slmilar Investments are valued at inftially at cost and subsequently at fair value (their market value) at the year ond. Thg same treatment 15 applied to unlisted investrnents unles$ fair value cannot bg measured reliabty In whlch case it is measured at cost less Impaimient. Investmerts held for resale or pending their salo and (xsh and cash equivalents with a maturity date of le35 than 1 year ara treat￿ as Current as8et investrnents Yes No Wa Yes No Wa Stocks and work In Stocks held for sale as part of nonJ,130 argo Tryst 17