Charity No. 1112721 THE PAPHrris CHARITABLE TRUST REPORT & FINANCIAL STATEMENrs 30 JUNE 2023
The Paphltls Charltable Trust Roport and financlal statements For the year ended 30 June 2023 Page: 14 Trustees, Annual Report IndeperKlent Examine Report to tho Trustees of The Paphitis Charitable Twst Stement of financial activities Balance sheet 8-18 Not8S
Trustees. Annual Report for the period Peri¢)d start date July Period end date 130 .Toi June From 2022 Reference and administration details Charlty name Th8 Paphitis Charitable Trust Other names ¢harity is known by ReglsteTed charity number {if any) 1112721 Charitys principal addross 1 St George's Road Wimbledon London Postcode SW19 4DR Names of the charlty truslees who manage the charlty Dates acted 51 not forwholo y•ar Namo of person (or body) •ntitlèd to appoint trustoo fif Trustee name Offic• (if any) Malcolm Cooke Richard Towner {resigned 1 August 2023) Kypros Kyprtanou Ann Mantz lan Childs 10 11 12 13 14 15 16 17 18 19 20 Names of the trustees for the charlty, If anyp (for example, any custodlan trustees) Name Dates actad If not for whole TAR
Names and addresses of advlsers (Optlonal InfOrntIon) of advi3or Name Address BDO LLP Bridgewater House, Counterslip. Bristol BS16BX Name of chlef axecutivo or names of senior staff members (Optional Infomiallon) Structure, governance and management Des¢ription of the charftys trusts The charity is governed by way of a Tnjst Deed. Type of governing document How the charity is constituted Trust Trustee selection methods Addttional trustees are appointed by résolution of the Trustees Additional governance issues (Optional infonnation) You may choose to indude additional infoTfflation. where relevant, about: Policies and proc8dur8S adopted for th8 induction and tr8ining of trustees. The charivs organiSatila1 structure and any wider neOrk with which the charty works. Relationship with any related parties. Trustees, consideration of major risks and the system and procedures to manage them. Objectives and activities The objacts of the charty are for charitable purposes generally. Summary of the objects of the charlty set out in its governing document TAR
The Trustees apply the income of the charity for the furtheran of èducation and spori: ralièf of poverty. care in the commLsnty and other proj8cts b8naficial to tha general public by maknng grants. Summary oftho maln activities bn relation to these objects Additional details of objectives and activities (Optional inforniation) You may choose to include further statements. wthere relevant. about= Policy on grantmaking Policy programme related investment Contribution made by Volunteers Achievements and performance Summary ofthe maln achievements of the charity durlng the year This is the seventeenth full year since the charity was established. The year has been a further period of continuing consolidation and building the funding level to enable the charity to cary out its objective& Thè Trusteès are pleasad to report that the fund remains healthy with a bank balanc8 at the yaar ènd of £217,222 and reserves of £158,746. Donations to the value of £214,816 have been made to a number of mainly srnaller tharities where the Trustee5 believe that the aid will make a differen. TAR
Financial review Brfef statement of the charlty's pollcy on resarvas Reserves are retained by the Charity to meet future requests ft)r support Details of any funds materially in deficit NIA Further financlal review detalls (Optlonal Information) You may choose to include additional information. where relevant abouL" The charis principal sources of funds (indudlng any fundraising). How expenditure has supported the key objectives of the charity. Investment policy and objectives including any ethical Investment pollcy adopted. Other optional information Declaration The trust88s declare that thay have approved the trust8es' roport above. Signed on behalf of the charitys trustOOS Slgnature(s) Full name(s) Position (eg secretaryg chair, otc) Kypros Kyprianou Trustee Date TAR
INDEPENDEKf EXAMINER'S REPORT TO THE TRUSTEES OF THE PAPHITIS CHARITABLE TRU5r I report to the tru5tee5 on my examination of the aCcnts of the Trust for the year ended 30 June 2023, which are Set out on pages 6 to 18. Thls report 15 made 501ely to the Chamt5 tnsstees, as a body, In accordance wlth Regulatlon 31 of the Charitles (Accounts and Reports) Regulatlorb5 2008. My work has been undertaken so that I might state to the charftyts trustees those matters l am requlred to state to them In an Independent examinerfs report and for no other purpose. To the fullest extent pemiitted by law, I do not accept or assume responsibility to anyone other than the charitys trustees as a body, for my work, for this report, or for the statement I have Made. Responsibilities and ba515 for Teport As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 1"the Art") l pOrt in pect of my examination of the charity's accounts carrled out under section 145 of the Act and in carrying out my examination I have followed all the applicable DireCtT0 given by the Charity Commission under section 14515)(b) of the Act. Independent examln•r's statement I have completed my examination. I confirm that no material rnatters have come to my attention in cor¢nectlon with the examlnatlon 8lvlng me cause to belleve that In any materlal respect: 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 wsth those records: or the accounts do not comply wth the accounting requirements concerning the forni and content of the accounts set out in the Chartties (Accounts and Reports) ReguLatlons 2008 other than any requlrement that the accounts glve a 'true and fafr view. which is not a matter considered as part of an Independent examination. or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Prdctice for accounting and reporting by charities {applicable to charities preparing their accounts in accordance with the Financial Reportlng Standard applicable in the UK and Republic of Ireland IFRS 102)). I have no concems and have come across no other matters In connectlon vAth the examlnatlon to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. DocuS*n•Jty.' DA15AED75D45453 Heather Wheelhouse ACA BDO LLP Brfdgewater House Counterslip Bristol BS16BX Date: 10 April 2024
CHARITY COMMISSION FOR ENGLAND ANO WALES The Paphitss Ch8ritsble Trust Chadty No rfan eriod 1112721 Annual accounts for the To Perlod Élartdato l5fJu2o22 data goth JUM 2WIJ Section A Statement of financial activities R•strlct•d Unr•strlctsd Incom• Endowm funds funds funds Recommended categorl•s by actlv Prfory•ar funds Total funds Incomlng resources (Note 3) F01 F02 F03 F04 F05 Income and Ondowrnonts from: Sol 62,373 62,373 48.650 100,172 1,432 100.172 1.432 89.293 805 Total Rgsour¢g$ •xpondgd (Notg 4) $07 77 Expendlture on: 214,816 214.816 82,750 S10 0th8r S11 Total S12 14. Not {&xp•nditur•ylncomo bgforo Invostm9nl gainsl1loss} S13 50,839 50,839 55.249 N•tg£Ol Inve81rnon Nel (expendlturevlncom Extraordlnary Items Tran8fer8 tWeen fvnds Other r¢¢ognlsed galns1(10s$0$): S14 sfs 50,839 50.839 55.249 Sl $17 Olh8rothW$8$1 Net movemeth In funds $19 S20 50.839 5Q,839 55249 R•¢onclliatlon of funds.. TotsllwthFMouyhlftrvNd S21 209,585 209,585 154.336 Total funds ¢affiedforward
Section B Balance sheet UnroStrf¢t•d fund¥ RostYlct•d Income funds Endowmont Total th1$ funds year T¢tal last ygar Flxed assets Intanglble asset5 Tanglble assets Herltage assets I95tM0ts F01 F02 F03 F04 F05 BOI B02 B03 Total Ilxed assets Current assets stocks Debtors Investments Cash at bank and In hand (Note 8) Totsl current assets B06 (Note 6) B07 16,800 16,800 42.080 B09 192,505 B10 Creditors: amounts falllng due wlthln one year (Note n B11 75,276 75,276 25.000 Net Gurrent assgts B12 209,585 Totsl ass8ts lass currnnt Ilabllltl•s B13 209,585 Croditors: amounts falllng dug after one year Provlslons for Ilabllltles B14 B15 Total not assets Funds of the Charity Endowmant funds B16 158,746 158,746 209.585 B17 RoslrlGted Incomg funds 18 Unre51rlcted funds Revaluatlon rtserve Blg 158,746 158.746 209.585 Total fvnds B21 209.585 Signed by one ortsyo trustees on behalf all the tiustees Dale of approval ddlmm Slgnature Print Name
Seclion C Notes to the accounls Note 1 Basls of pr•paratlon Thls s•cllon •houldbo ¢ompl¢tsd)yo11 ¢h8rf11•s. 1.1 Bas15 of aOuntIng Thesè at{Uts havè beèn prÈparèd under the hLstort(zl ¢x)5t (x)nvgnUon ttem5 recogn1B at¢y)6tor ftsaetitin vAlue unl05S Othemst 5t8i•d in th8 r8tev8nt notèls) io these accounts. The ac¢ounts hwe been prepoied kn acttdanct with.. the Ststementof Recommended Practice.. Accwnbrvj and R8porting bYChan88 preparlng thelracccJnts In a¢¢ordancevllh the nancIal Reporling Standard applk¥bYe In the UKand Republof Iref8nd IFRS 1021555ued on 16 Juty2014 the Flnand81 Rewting Standard aWKable in the Unrtod and Rgpubllc of Ireland IFRS 1021 . and wlth Ihe (tharfues Act 2011. The tharftyujn8ltSÈ a publc buh&fftenttty 88dolld by FRS 102.. 1.2 Golng con¢em IrtlM¥ rn m•l•rWunc•tthll•s tskted to •vpnts or¢ondltton$ th•tcaslslgnlffc8llt doubl eharlty% obllltylo ¢ontlnué ? •golng ¢on¢w pl¢•s•provlde Ihè lollowlng d¢t•Vs or$tst•-Not &ppJlcbl8-. Il•pprnptl&t8.' An èxplanation as to thosè fa¢knthat pport th8 conduslon that th8 charfty Is gDlng wncwn: Dlsck)sure of anyuncertalntles that mak8 the ¢oncem UmpOn doubiful: Ther8 •reslgnlfi¢antfunds heldatb8nkto provlde donallon$ for¥tle•st 12months from the end ollhe wOn9p19d. Tho onBolng Impact of tho rnstollmnu ¢rf$l$ wlthln th• UK couldreduce the 18vel of oxtsm•llncom8 and dontlons lo the Ch•rftywhl¢h wouldrestrfcttho 18v•l of charttobl8 fvnds P0y4blg du• tv the lunds •tan. Wham 8(xnts are mt prEpard on B gulng (>)ncoTn basis. F4&as8 disdos8 thiB facl touÈthÉrYAth Iha basi5 on vAh the busteeB prepared tha accc4tnts and the r8ason why thtr i3 nDt r8gorded as a ng Not•ppllc?bY 1.3 Changè of aecounting polley The ae¢ovnts presenla true andfalrthand the #e£•untlw rdkles adopted are those ouulned kn no { i. Yes. Pleaso dlstloso.. Ihe n8turn of Ihg ¢han In accountln fllj th• rn•$ons whyapptylng n•waG¢ouniYngpollcy prOvIdOr• rellobl• andmtvpr¢1ntlft1o1M•Qn.' lh• ant01th eon•¢llon at lh•
Section C Notes to the accounts 1.4 Changes to accountlng estlmat68 No changes to accounling &stimates have occurred in the reporting period (3.46 FRS 102 SORP). Yes" -Tld< as approprlate Please dls¢losg.- (11 the nature of any changes.. (14 the effect of tho Change on Income and oxponse or assets and Ilabllities for the currentpen-od.. and (Ill) whorn practlcable, the eff8¢t of the change In one or more future perfods. 1.5 Matarlal prfor year arrors No material prior year error have been identified In the reporting period (3.47 FRS 102 SORP). Yes" No" -Tick as appropriate Ploase dlscloso.. (i) the nature of the prforperlod error." (11) for each prAorperiod presented In the accounts. the amount of the correction filr each account line item affe¢ted." and {lJ4 tho amount of the corroctlon at tho b8glnnJng of tho earlléstpriorpenodpresented in the accounts.
Se¢lion C Notes to Ibe accounts Nots2 2.1 INCOME Wo Jknthv8LF Ottsw•rt(&lQ%)5.12 FRSWSORP)v io
Se¢tion C oies 10 Ihp aCcoTrI$ Z2 EXPENDfruRE AND LIABILITtES 10.7FRSI02SCRP. fl.171D 11.19. FR$102$UIP. 2.3 ASSErs MONAL TOOR
SEetlon C Notes to the accounis r4 •no IlV¢tM'. Gonernl9iniB byg0v0mI1OknOr whkhAr&knsubslAn¢&danatsJn5 fac1$ ar¥J &kÈ 61373 82J73 Totsl 32.530 27,SQO Toil DriNIEnd I]rna ¢omb To Oth•r. on a92èthdd OWIUE¢ OthBr T¢ YOTPA IICQIIE 1fj3,9Tf 1fja917 137.999 12
Not• 4 333 23*3 ¥&184 5&184 74L 61851 £2M51 33T6 214J1fj 21U16 Tow¥ 13
Section C Notes to the accounts Icont} Nots5 Deta115 of cèrtaln Itams of pendItur• 5.1 F¢es for 0mIn#t10n oltho accounts Please provldè det#lls of tho amountpaldfor any statutory exfernals¢nrtlnyof accounts and othwswvlc•s provlded byy0ur1ndopondt oxamlnor. lff nothlng wa$p8ldple&$e enter .}n the approprl•le box(es). Th1$ year Independent examlnerfs feeB 3.276 uranee servlces other than audlt or Independent &Yamlnatlon Tax advlsoryfe other fees (for example: flnanclal advlce, Gonsultsn¢y, a¢¢ountan¢y s•r¥lc891 pald to the Indepandent examlner 14
Section C Notes to the accounts (cont) Note 6 Debtors and prepayments Please complete thls note ff the charftyhas any debtors orprepayments. 6.1 Analysls of dobtors Thls year Last year Trad8 debtors Prnpaymonts and accruad Incoma Other dobtors 16,800 16,800 42,080 42,080 Total Please complete &2 where a matenal debtor is recoverdble more than a year after the reportlng date. 6.2 Analysls of debtors recoverable In more than 1 year (Included In debtors above) Thls year Last year Trade debtors Prepayments and accrued Incomo othor dgbtors Total 15
Section C Notes to the accounts Icontl Note 7 Credltors and accruals Please complets this note rf the charity has any credltors or accruals. 7.1 Analysls of cr8dltors Amounts falllng duo wlthln one year Thls year Last yoar Amounts falllng due after more than one year Thls yoar Last yoar Accruals for grants payable Bank loans and overdrafts 72,IX)O 25.000 Trade cradltors Payments recelved on account for contracts or perfornlanceryrn1at grants Accrual8 and doferrnd Incomo 3,276 Taxatlon and social securlty other credltors Total 7.2 Deferred income Please complete thls note ff the chorty has deferredlncom& Ploaso ox ain tho reasons wh Income Is deferrgd. l•lovement In defed Incomo account This year Last year Balance at the start of the rnportlng parlod Amounts added In current perlod Amounts released to income from prevlous perlods Balance at the end of the reportlng perlod 16
Section C Noles to the accounts (cont} Note 8 Cash at bank and In hand Thls yoar Last yoar Short tsTm cash Investments {less than 3 months maturlty date) Short torni doposlts Cash at bank and on hand other Total 217.222 192.505 17
Section C Notes to the accounts l¢onti Nots8 T#ansorWonswlth Irusteu ond r•latod partl•s Kthè¢hwltyh•• wJytrwo¢lloM WI1•1651OthOrth lh• Inwt•••xp•nus •xpkln•dlftpuldanc•Thit•5J d•t•Ms of such bansd¢tton¥ ¥hould)¢provldodln thls nol•. Iltb¢rnw¢notr•nsKtt eo r•port plMi••nr•rTr-In th•bor Non•alth•1ruAtS hAv• p•ld atty r•mun$rn0n w ro¢•IV wy•th•Yb•nDfitsfroTnan •mplvyrnntwlth thrStyra r•lthd •htlty ¢TN••r Fth•l TRU th•ch•Atyhas p•ldlrnst•g9 •xp0nsfOTlUlM1lg d•l¥llsrfw¢b ts¥hsaGlloN¥llljPv¥Idfjrf1ll thlsnot "Fats•'. lotru¥l4A xP h•vo In¢ury•d (fwor F•lsg) TRUE 8.3Tran8•CtloThlsl wjth relatèd partles •AS•9lw• d•falls o14Rytr¥nso¢Uon ort$kY(0r0jI1)o1j fh•dwltyln whl¢fv ar01¥t•drfyhI$I nralvrfl been na relat partylranoathns In th•rnpothg p•rfod (Tnwor Fa•) RglaWon¥hlpto ch DAscrfptkn otth• ITfts&cUoTrls} Amount PrrN151onforblld debts at pertodend wrMl•n off duAnu IW16n¥ od p•r]tsd •nd BDUAATrU• Donlltlorbs m•d•tD Trust orfglnalfyfrnm alx adlr•¢tor Two Truste•s ar• a180 dlre D•Mtl•n¥ D)ado I¥M TNst•Wnally thkd -ff.579 rwoTrusti areal&o DonHons mad•l# Tru6t Icarrlerbzg •ndcondlllon¥. In¢lu4lJwwTryso¢url(yWth¢ 18