Do￿Sign Envelope ID.. oE2DcA39-1EBF422￿989D¥3cF7AO49E8c
THE TAVENER CHARITABLE
TRUST
UNAUDITED ANNUAL REPORT
& FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30TH JUNE 2024
CHARITY NUMBER- 1120324

Docusign Envetope ID". 0E2DcA3￿1EBF4229-98gD-B3cF7Ao49E8C
THE TAVENER CHARITABLE TRUST
TRUSTEES REPORT FOR THE YEAR ENDED 30TH JUNE 2024
The Trustees present their annual report and financial statements of the charity for the year
ended 30th June 2024.
The financial statements have been prepared in accordance with the charity's trust deed,
the Charities Act 2011 and 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).
OBJECTIVES AND ACTIVITIES
The Trust has been established to make grants for charitable purposes, with preference
being given to those organisations operating in the Merseyside area, with a particular
interest in young people and their personal development including the appreciation of
music.
Public Benefit
The trustees have given consideration to the Charity Commission guidance on public
benefit.
ACHIEVEMENTS AND PERFORMANCE
The investments have been managed throughout the year by the Investment Managers,
with performance being monitored by the trustee. The trust has therefore been able to
continue its grant-making activities.
FINANCIAL REVIEW
Income totalling of £31,390 (2023: £26,965) was received during the year. This funded
grants of £nil (2023.. £52,000) to charitable organisations. Capital investments were valued
at £1,086,573 (2023: £997,074) at the year end.
Reserves Policy
The trust deed permits the spending of capital., the trustee has, however, agreed to retain
the capital for the time being and to invest it to produce income to make grants. The trustee
is managing the reserves to balance the needs of current and future beneficiaries. It is not
anticipated that the needs of beneficiaries will diminish over time.
Investment Policy and Powers:
The trustee has the same full and unrestricted powers of investment in all respects as if it
were the beneficial owner. The investment strategy is set by the trustee and takes account
of recent demands for funds and an assessment of expected future needs (see Reserves
Policy). The investment policy and strategy are reviewed with the investment managers at
regular intervals. The investment objective is to maintain, overall, the real value of capital
and income.
Risk Management:
The main risks to which the charity is exposed as identified by the trustee have been
considered and systems have been established to mitigate those risks.

D¢￿sign Envelope ID.. OE2DCA3W1 EBF4229-989D-B3CF7A049E8C
THE TAVENER CHARITABLE TRUST
TRUSTEES REPORT FOR THE YEAR ENDED 30TH JUNE 2024
Plans for the Future
The objectives remain unchanged for the future: the intention is for continued investment
management on a consistent basis and distribution of income to charitable organisations.
Structure, Governance and Management
The Trust was established by a Trust Deed dated 19TH July 2007. charity number 1120324
and is administered by its corporate Trustee, Liverpool Charity and Voluntary Services.
REFERENCE AND ADMINISTRATIVE DETAILS
Name
The Tavener Charitable Trust
Charity number
1120324
Principal Office
LCVS
151 Dale Street
Liverpool
L2 2AH
Liverpool Charity and Voluntary Services {LCVS), a corporate
trustee, which is incorporated under the Companies Act as a
company limited by guarantee without share capital as company
number 181759, a registered charity, number 223485, and a
charitable Trust Corporation. LCVS trustees, who are also its
directors. were as follows during the year.
Sonia Bassey MBE
Mike Thomas
Dorcas Akeju
Sonia Bassey MBE
Maxine Ennis
Anna James
Dr Hardamanjit R Kaur
Ken Perry
John Price
Anne Reading
Michael S211a
Louise Scholes
Gemma Shone
James A Sloan
Neil John Sturmey
Mike Thomas
Investec Wealth & Investment
Port of Liverpool Buildings
Pier Head, Liverpool, L3 1 NW
Paula Sanchez ACCA
Score Lane
Liverpool, L16 5EF
Trustees
Chair
Treasurer
{Appointed 17th October 2024)
(Appointed 17th October 2024)
(Resigned 2nd September 2024)
(Resigned 4th November 2024)
(Appointed 1 Ph October 2024)
(Resigned 30th June 2024)
Investment Nlanager
Independent Examiner

Docusign Envelope ID.. OE2DCA39-1EBF4229-989[￿B3cF7Ao49E8c
THE TAVENER CHARITABLE TRUST
TRUSTEES REPORT FOR THE YEAR ENDED 30TH JUNE 2024
TRUSTEE'S RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS
The charity trustee is responsible for preparing a trustee's annual report and financial
statements in accordance with applicable law and United Kingdom Accounting Standards
(United Kingdom Generally AC￿pted Accounting Practice). The law applicable to charities
in England and Wales requires the charity trustee to prepare financial statements for each
year which give a true and fair view of the state of affairs of the charity and of the incoming
reSoUr￿S and application of resources, of the charity for that period. In preparing the
financial statements, the trustee is required to:
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the applicable Charities SORP.
make judgements and estimates that are reasonable and prudent"
state whether applicable accounting standards have been followed, subject to any
material departures that must be disclosed and explained in the financial statements;
prepare the financial statements on the going con￿rn basis unless it is inappropriate to
presume that the charity will continue in business.
The trustee is responsible for keeping proper accounting records that disclose with
reasonable accuracy at any time the financial position of the charity and to enable them to
ensure that the financial statements comply with the Charities Act 2011, the applicable
Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. It is
also responsible for safeguarding the assets of the charity and taking reasonable steps for
the prevention and detection of fraud and other irregularities.
Approved by the Trustee and signed on its behalf by
Docu5knEdty.
""g8BY355fOflUAC'"
Mike Thomas
Trustee
07/04/2025
Date .

INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF
THE TAVENER CHARITABLE TRUST
I report to the trustee on my examination of the accounts of The Tavener Charitable Trust
{'the charity,) for the year to 30th June 2024, which are set out on pages 6 to 12.
Responsibilities and basis of report
As the trustee of the charity, you are responsible for the preparation of the accounts in
accordance with the requirements of the Charities Act 2011 {'the 2011 Act,).
I report in respect of my examination of the charity's accounts carried out under section 145
of the 2011 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 2011 Act.
An independent examination does not involve gathering all the evidence that would be
required in an audit and consequently does not cover all the matters that an auditor
considers in giving their opinion on the accounts. The planning and conduct of an audit
goes beyond the limited assuran￿ that an independent examination can provide.
Consequently, l express no opinion as to whether the accounts present a 'true and fair
view, and my report is limited to those specific matters set out in the independent
examiner's statement.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my
attention in connection with the examination giving me reasonable 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 2011 Act. or
2. the accounts do not accord with those records" or
3. the accounts do not comply with the applicable requirements concerning the form
and content of accounts set out in the Charities (Accounts and Reports)
Regulations 2008 other than any requirement that the accounts give a 'true and
fair view, which is not a matter considered as part of an independent examination.
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 accounts to be reached.
Name: Paula Sanchez
Name of applicable listed body: Association of Chartered Certified Accountants
Relevant professional qualification or body.. ACCA
Date: 10 April 2025

Docysign Envelope ID.. OE2DCA39-1 EBF422￿989D-B3cF7A049Eac
THE TAVENER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024
Unrestricted Funds
Capital
Funds
2024
Notes
Income
Funds
2024
Total
2024
Total
2023
Income from:
Investments
2a
31,390
31.390
26,965
Total income
31,390
31,390
26,965
Expenditure on:
Charitable activities
842
842
52,830
Total expenditure
842
842
52,830
Net incomel(expenditure)
30,548
30,548
(25,865)
Net gain on investment
assets
89,499
89.499
6,887
Net movement in funds
30.548
89,499
120,047
(18,978)
Reconciliation of funds.-
Total funds brought forward
21,671
997,074 1,018,745 1,037,723
Total funds carried
forward
52,219 1,086,573 1,138,792 1,018,745
The notes on pages 8 to 12 form part of these accounts.

Docusign Envetope ID". OE2DCA39-1E8F4229-989D-83CF7A049E8C
THE TAVENER CHARITABLE TRUST
BALANCE SHEET AS AT 30TH JUNE 2024
Notes
30th June 2024
30th June 2023
Fixed Assets
Investments
1.086,573
997,074
Current Assets
Cash balance
53,061
22,751
Current Liabilities
Creditors
(842)
(1,080)
Net Current Assets
52.219
21,671
Net Assets
1,138,792
1,018,745
The funds of the charity:
Unrestricted Funds:
Capital Funds
Income Funds
1,086,573
52.219
997,074
21,671
1,138,792
1,018,745
Approved and authorised for issue by the Trustee and signed on its behalf by
¢u$hJrtdbr.
Mike Thomas, Trustee
07/04/2025
9BB8￿1Dll94Ac...
Dated:

Docusign Envelope ID.. OE2DCA39-1EBF4229-989t>B3CF7A049E8C
THE TAVENER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024
1. ACCOUNTING POLICIES
Basis of Accounting
The accounts have been prepared under the historical cost convention with items
recognised at cost or transaction value unless otherwise stated in the relevant note{s) to
these accounts. The financial statements have been prepared in accordance with the
Statement of Recommended Practi￿. Accounting and Reporting by Charities preparing
their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS102) (SORP 2019) and the Financial Reporting Standard
applicable in the United Kingdom and Republic of Ireland (FRS102) and Charities Act
2011.
The trust constitutes a public benefit entity as defined by FRS 102.
The accounts are prepared in sterling, which is the functional currency of the charity.
Monetary amounts in these financial statements are rounded to the nearest £.
The Charity has taken advantage of the provisions in the SORP for Charities applying
FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
Going concern
At the time of approving the accounts, the trustee has reasonable expectation that the
charity has adequate resources to continue in operational existen￿ for the foreseeable
future. Thus, the trustee continues to adopt the going concern basis of accounting in
preparing the accounts.
Investments
In accordance with Statement of Recommended Practi￿. Accounting and Reporting by
Charities (SORP 2019), investments held as fixed assets are stated at fair value.
Realised and unrealised gains and losses are dealt with as movements on the Capital
Fund. Investments are valued at the mid-market price on the valuation date.
Fund accounting
Unrestricted funds are considered 'free' reserves and are available for use or retention at
the discretion of the Trustees, in accordance with the charity's objectives. Free reserves
are undesignated funds available for the furtherance of the general objectives of the
charity.
Income recognition
Income from investments comprises dividend income and interest and are accounted for
when received in the financial year. Donations are recognised at the earlier of notification
or date of receipt, in the case of the third-paty donations and legacy income when
received by the organisation.
Expenditure recognition
Liabilities are recognised as expenditure as soon as there is a legal or constructive
obligation committing the charity to that expenditure, it is probable that settlement will be
required, and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accrual basis. All expenses, including support and
governance costs, are allocated or apportioned to the applicable expenditure headings in
the statement of financial activities.

Docusign Envelope ID.. OE2DCA39-1EBF-4229-989EL83CF7A049E8C
THE TAVENER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024
Raising funds costs relate to expenses incurred in the management of the investment
assets. Charitable activities include grant funding, along with associated support costs, to
beneficiaries. These are dealt with in the Statement of Financial Activities when payment
has been approved by the charity. Governance costs relate to compliance with
constitutional and statutory requirements and specifically include all costs incurred by the
charity in producing the Annual Report.
Cash and cash equivalents
Cash and cash equivalents include cash in hand. deposits held at call with banks, other
short-term liquid investments with original maturities of three months or less, and bank
overdrafts.
Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments,
and Section 12 '0ther Financial Instruments Issues. of FRS 102 to all of its financial
instruments.
Financial instruments are recognised in the charity's balance sheet when the charity
becomes paty to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial
statements, when there is a legally enforceable right to set off the recognised amounts
and there is an intention to settle on a net basis or to realise the asset and settle the
liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balan￿s, are initially
measured at transaction price including transaction costs and are subsequently carried at
amortised cost using the effective interest method unless the arrangement constitutes a
financing transaction. where the transaction is measured at the present value of the
future re￿iptS discounted at a market rate of interest. Financial assets classified as
receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors are initially recognised at transaction price
unless the arrangement constitutes a financing transaction, where the debt instrument is
measured at the present value of the future re￿iptS discounted at a market rate of
interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest
rate method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or
are discharged or can￿lled.
Taxation
The charity benefits from various exemptions from taxation afforded by tax legislation and
is not liable to corporation tax on income or gains falling within those exemptions. Partial
recovery is made of tax credits on UK dividend income. The charity is not able to recover
Value Added Tax. Expenditure is recorded in the accounts inclusive of VAT.

Docusign Envelope ID.. oE2DcA39-1EBF-42￿989D-B3CF7Ao49E8c
THE TAVENER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024
Critical Accounting Estimates and Judgements
In the application of the charity's accounting policies, the trustees are required to make
judgements, estimates and assumptions about the carrying amount of assets and
liabilities that are not readily apparent from other sources. The estimates and associated
assumptions are based on historical experience and other factors that are considered to
be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an on-going basis. Revisions
to accounting estimates are recognised in the period in which the estimate is revised
where the revision affects only that period, or in the period of the revision and future
periods where the revision affects both current and future periods.
2. INCOME AND ENDOWMENTS FROM:
Income
Funds
2024
Capital
Funds
2024
Total
Total
2024
2023
a. Investments
Investments dividends and interest
31,390
31,390 26,965
3. EXPENDITURE ON CHARITABLE ACTIVITIES:
Direct Support& Total Total
Charitable Governance
2024
2023
Expenditure
Costs
To make grants for charitable
purposes.
395
447
842 52,830
Analysed as follows:
2024
2023
Direct charitable expenditure."
Grant funding
Grant making administration costs -
LCVS
52,000
387
395
395
52,387
10

Docusign Envelope ID.. oE2DCA3￿1EBF422￿989D￿3CF7A049E8c
THE TAVENER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024
Expenditure on charitable activities continued
2024
2023
Support & Govemance costs..
Independent examination
Administration - LCVS
250
197
250
193
447
443
Total expenditure on charitable
activities
842
52,830
4. FIXED ASSET INVESTMENTS
2024
2023
Quoted Investments:
Market value at 1st July 2023
Capital introduced
Unrealised (loss)Igain on investment
assets
997,074
990,187
89,499
6.887
Market value at 30th June 2024
1,086,573
997,074
Book value at 30th June 2024
930,264
930.264
The trust holds 100% of its fixed asset investments in a Charity Commission
approved pooling scheme, the Settlors, Trust Fund (STF), administered by
Liverpool Charity and Voluntary servI￿s and, at the balan￿ sheet date,
managed by Investec Wealth & Investment.
At 30th June 2024, the assets of the STF fund had a total market value of
£33,821,443 (2023.. £31,099,741) of which £1.086,573 (2023. £997,074) is an
asset of the trust.
5. CREDITORS
2024
2023
Administration - LCVS
Independent examination fee
592
250
580
500
842
1,080
11

Docusign Envelope ID." 0E2DC￿9-IEBF422￿989E￿B3cF7AO49E8c
THE TAVENER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024
6. UNRESTRICTED FUNDS
Income Fund." Investment income and donations re￿iVed for distribution as
grants to charitable voluntary organisations.
Capital Fund" Funds held provide income for the ongoing activities of the trust.
7. RELATED PARTY TRANSACTIONS
Charitable activities: these include £395 (2023: £387) grant making administration
costs payable to LCVS. Support and governance costs include £197 (2023.. £193)
total £592 (2023: £580) payable to LCVS in respect of accountancy and trust
administration which is included in creditors at the year end.
LCVS is related to the Trust by virtue of being the corporate trustees.
12