Charity No. 1112721 THE PAPHITIS CHARrrABLE TRUST REPORT & FINANCIAL STATEMENTS 30 JUNE 2024 The Paphltls Charftable Trust Report and flnanclal statements For the year ended 30 June 2024 Contents Page: 14 Trustees, Annual Report Independent Examlners Report to the Trustees of The Paphilis Charitable Trust ststemenl of financial activities Balance sh88t 8-18 Noles Trustees, Annual Report for the period Period start date July Perlod end date June From 2023 To 2024 Reference and administration details Charity name The Paphitis Charitable Trust other names chaTIty Is known by Registered charity number (if any) 1112721 Charfty's prlnclpal address Kindred House, 17 Hartfield Road Wimbledon London Postcode SW19 3SE Narnes of the charity trustees who manage the charity Trustee name Offlce (If any) Dates acted rf not forwho10 year Name of person (or body) enlltled lo appolnt trustee (ff an Malcolm Cook8 Richard Towner (resigned 1 August 2023) Kypros Kyprianou Ann Manlz lan Childs Kiist8n Lawton (appointed 1 May 2024) 10 11 12 13 14 15 16 17 18 19 20 Names of the trustees for the charity. if any¥ (for example. any custodlan trustees) Name Dates actsd if not for whole TAR Names and addresses of advisors (Optional inforn)ation) of advisor Name Address Saffery LLP 71 Queen Victoria Street, London. United lfjngdom. EC4V 4BE Name of chief executive or names of senior stsff members (Opllonal Infonnatlon) Structure, overnance and mana ement Description of the charitys trusts The charity is govemed by way of a Trust De8d. Type of goveming document How the charity is constituted Trust Trustee selection methods leg. appoiniea Dy, eiecieo I, j AddilK)nal trustees are appointed by resolution of the Trustees Additional governance Issues (Optlonal Inf0m￿tIon) You may choose to indude additional inforniation, where relevant, about: Policies and procedures adopted for the induction and training of trustees. The charitys organisational structure and any wider network with which the charity works. Relationship with any related parties. Trustees, consideration of major risks and the system and procedures to rnanage them. Ob'ectives and activities The objects of the charity 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 furtherance of edU￿tIOn and sport; relief of povety. care in the community and other projects beneficial to the general public by making grants. SumTnary of the main actIvi￿e5 in relation to these objects Addltlonal detalls of objectlves and actlvities (Optlonal infomiatlon) You may choose to indude further statements, where relevant, abouL' Policy on grantmaking Policy programme related investment Contribution made by Volunteers Achievements and performance Summary of the maln achlevements of the charlty during the year This is the eighteenth full year since the tharity was estsblished. The year has been a further period of continuing consolidation and building the funding18vel to enable the charity to cary out its objectives. The Trustees are pleased to report that the fund remains healthy with a bank balance at the year end of £163,152 and reserves of £146,121. Donations to the value of £195.217 have been made to a number of mainly smaller charities where the Trustees believe that the aid will mak8 a difference. TAR Financial review Brlef ststement of the charlty's policy on reserves Reserves are retained by the Charity to meet future requests for support Details of any funds Materially In deflclt NIA Further financlal review detsils (Optional inforniation) You may choose to indude additional information, where relevant about: The Charit￿S principal sources of funds (indudirKJ any fundiaising). How expenditure has supported the key objectives of the charity. Investm8nt policy and objectives induding any ethical invesbnent poliLy adopted. Other optional information Declaration The trustees deGlare that they have approved the trustees. report above. Signed on behalf of the charity's trustees Signaturels) Full name(s) Position (eg seGretary. Ghalr. etc) Trustee Date 081 o* Isgl TAR Independent examiner's report to the trustees of The Paphitis Charitable Trust I report to the trustees on my examlnatlon of the accounts of The Paphlds Chadtable Trust ("the TrusV] for the year ended 30 June 2024. Respertlve Responslblmttes of trustees and examlner As the tharlty trustees ofthe TrusL you are respon51ble for the preparation of the accounts in accordance wlth the requirements of the Charftie5 Act 2011 ('the Acej. l Teportin respect of my examfinatlon of the Trusvs accounts carrled out under sertion 145 of the 2011 Art and in carrylng out my wAamination I have followed all the appllcable dlrecdons given by the Charity Commission under secdon 145[5}tb] ofthe Att. Basls of Independent examlnerfs report My examinatlon was carried out in accurdance with the general directlons given by the Charlty CommlssIoJL An examination Includes a review of the accounting TecoTds kept by the charity and a comparlson of the accounts presented wlth those records. Jt also Includes consider2tlon of any unusual Items or dlsclusures tn the accounts. and seeklng explanatlons from you as trustees concernlng any such matters. The procedures undertaken do not provide all the evidence thatwould be required In an audit and consequent]y no oplnlon is glven as to whether the accounts present a'trne and fair vlew. and the report is Ilmlted to those matters ser out In the statement below. Independent examlnerfs statement I have completed tny examlnatlon. I conflrni that no materlal matters have come to my attention In connectlon wlth the examinadon givlng me cause to belleve that in any material respert: accountlnE records were not kept In respect of the Trust as required by section 130 of the Art; or 2. the accounts do not accord with those records, or 3. the accounts do not cornply with the applicable requirements concernlngthe forni and content of accounts set out In the Charitfies (Accounts and Reports) Regulattons 2008 other than any requlrement that the accounts glve a'true and f￿r vlew, whlch ts not a matter consldered as part of an Independent exarnlnation. I have no concerns and have come across no other matters in connectlon with the exanilnatlon to which attention should be drawn In thls report in order to enable a proper understandlng ofthe accounts to be reached. anratty Saffery LLP 71 Queenvictoria Street London EC4V 4BE q ApftiL 2025 CHARITY COMMISSION FOR ENGLANO AND w￿E5 Tha P8phits8 Ch8rit8bte Tru8t Charity No rfan Annual accounts for the period 1112721 Period end Pemd start date . >]th Jun82 Section A Statement of financial activities R•¢omm8ndod catagorl88 by activity Unr•striclad tnc¢Mna Endowm•nt funds funds PrIOr￿ar funds Total funds Incomlng resources (Noto 3) F01 F02 F03 F04 F05 Incm• and ondowm•nts from: 90,200 62.373 Ch8theblEwtllvities C￿T￿lIng 8thJUes 100,172 1.432 SepaTate rnaterf31 rtem of ￿C£￿e Total Resources expended (Note 4) Expendlture on: R*tThJ funds 195217 214 816 Separate rnatettsl ttem S10 S11 Total S12 195 217 195.217 214 816 Net (expenditureyincome before inveslment gainsl(10sses) Netgthsluossesl on knveslm S13 12.625 12.625 50,839 S14 S15 Net (expendltureylncome Extraordinary itsms Transfers between funds Other re¢ognlsed galnsl{losses): 12.625 12,625 50.839 S18 S17 OthergakJsl(k&sBeBI Net m0Ven￿￿t in funds S19 11625 11625 50.839 Reconclllatlon ollunds." fvThYsbrtyJghtfoTh¥anJ Total funds carried fonvard 158.746 146.121 158,746 146 121 209,585 12,625 Section B Balance sheet Unrestrlcted funds Restricted income funds Endowment Total this funds Total last yoar Fixed assets Intangibl8 assets Tangible assets Heritage assets Investments F01 F02 F03 F04 F05 Total fixed assets Current assets stocks Debtors Investments Cash at bank and In hand (Note 8) Total current assots B10 (Note 6) 48.395 48,395 16.800 163,15 211.547 163.152 211.547 217,222 234.022 Creditors: amounts falling due within one year (Note 7) 65.426 65.426 75,276 Net current assets 812 146,121 146.121 158,746 Totsl assets lass cunent Ilabilities 813 158.746 Credltors: amounts falling due after one year Provlsions for liabilities B14 B15 Total net assets Funds of the Charity Endowment funds Restricted income funds B16 146,121 146.121 158,746 B17 818 Unrestrlcted funds Revaluatlon reserve 819 146,121 146.121 158.746 Total funds 821 146,121 146,121 158.746 Slgned by one or iwo trustees on belAlf of all the trust88S Dat8 of natwe Print Name ddlm Section C Notes to the accounls Note 1 Basis of preparation 1.1 Ba818 of accountlng Th68e aco)unts have been prepared und8rth8 hi8torfral cnst aynv8ntk)n thlth Itams r8c Note 6 Debtors and prepayments Please complete this note rfthe charity has ary debtors orprepayments. 6.1 Analysis of debtors Thls year Last year Trade debtors Prepayments and a¢wued Income Othar d8btors 48,395 48,395 16,800 16.800 Total Please complete 6.2 where a maten.al debtoris recoverable more than a year after the reporb.ng date. 6.2 Analysis of debtors recoverablo in morn than 1 year (included In debtors abovo) Thls y8ar Last y8ar Trade debtor8 Prepayments and accrued Income Other debtors Total 15 Section C Notes to the accounts (cont) Note 7 Credltors and accruals Please complete this note if the charity has any creditors or accruals. 7.1 Analysls of creditors Amounts falling dua wlthin one yèar Thls year Last year Amounts falling dua after more than one year Thls yaar Last year Accruals for grants payabl8 Bank loans and overdrafts 60.000 72.000 Trade cred5tors Payments received on account for contracts or perforniance-related grants Accruals and deferred Income 4.826 3.276 Taxation and social security other creditors Total 7.2 Deferred income Please complete this note rf the charity has deferred inGom Please explain the reasons why Income Is deferred. Movement in deferrnd incoma account Thls y8ar Last year Balance at the start of the reporting period Amounts added in current period Amounts released to income from previous perlods Balance at the end of the reporting perlod 16 Seclton C Notes to the accounts (cont) Note 8 Cash at bank and In hand This year Last year Short tsrni cash Invoslments {l￿S than 3 months maturlty date) Short tsrni d•poslts Cash at bank and on hand othèr Total 163,152 217.222 17 Section C Nole5 to the aEcount5 Icontl Note 8 Transactions wilh trust•#s and rnlat•d p3rti05 8.1 Tru8t•• remun•rallon •nd b•nofit• TrUE •mplo)ryMrtwilh th•irthaitywaFBlat•d or Fals•) 82 Truslees, •xp•ns•S -F8ls8-. No tru•i•• ¢xp•nus hav• Iw•n kn¢urr•d(fn* orF•l 7RUE Transactlon(sl wlth parti There Ilwe been rLo r•lAl•d p*tytr#Mattk￿# In pérlod (fru•wF*•l FALSE Am¢)unts wrftt•n off duriny reportlng rtod Pl￿1•1•n foTbad debts at p8rfod •nd trwwctlorfs} p*Aod end 10.1 income) 075 tolfmm TTh￿1 4xl91n￿IY fr4mthinl p 14e20 Tntsl (dmlrty shoet In¢om•) IlJ.lJllO Tn&*t {¢arrtwb*s In¢om•) Robert DJA* Holdlngg Llmlt•d income) Domatlom mad• to Holdlnp Lhnlt•d alw shooti 18