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REGISTERED CHARITY NUMBER: 1131110
THE TYRER CHARITABLE TRUST
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023
DocuSign Envelope ID: AB66810D-EB62-4651-825D-ACAC63C10101
THE TYRER CHARITABLE TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
DocuSign Envelope ID: AB66810D-EB62-4651-825D-ACAC63C10101
THE TYRER CHARITABLE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2023
The trustees present their report with the financial statements of the charity for the year ended 31 October 2023. The trustees have adopted the provisions of 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) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and policies
In accordance with the trust deed, the fund is held for the trustees to distribute in their discretion:
For the advancement of the education of the public of those especially, but not exclusively, living in Anglesey and the Northwest of England through the promotion of the Arts.
For the relief of sickness and preservation of health among people, especially but not exclusively, residing permanently or temporarily in Anglesey and the Northwest of England.
To promote for the benefit of the public the conservation, protection and improvement of the Church at St Mary's Church, Pentraeth, Anglesey.
FINANCIAL REVIEW
Net incoming resources for the year were £55,650 (2022: net expenditure (£111,937)). Total unrestricted income funds carried forward as at 31 October 2023 were £1,595,766 (2022: £1,540,116).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1131110
Principal address
Aaron and Partners LLP 5-7 Grosvenor Court Foregate Street Chester CH1 1HG
Trustees
Mr C Pointon Mr R Fraser-Williams Professor M Haines Dr B A Haines
Independent Examiner
Michael Benson Murray Smith LLP Chartered Accountants Darland House 44 Winnington Hill Northwich Cheshire CW8 1AU
FUNDING
The Trust will continue to support projects in line with its objectives and policies.
The trustees are satisfied that the trust's assets are available and adequate to fulfil its obligations in relation to those funds.
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THE TYRER CHARITABLE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2023
18-04-2024 Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Mr C Pointon - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE TYRER CHARITABLE TRUST
Independent examiner's report to the trustees of The Tyrer Charitable Trust
I report to the charity trustees on my examination of the accounts of The Tyrer Charitable Trust (the Trust) for the year ended 31 October 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all 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 confirm 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 Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
Michael Benson
Murray Smith LLP Chartered Accountants Darland House 44 Winnington Hill Northwich Cheshire CW8 1AU 22-04-2024 Date: .............................................
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THE TYRER CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2023
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities 2 Total EXPENDITURE ON Charitable activities Donations Governance costs Total Net gains/(losses) on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2023 Unrestricted fund £ - 40,853 40,853 - 20,433 20,433 35,230 55,650 1,540,116 1,595,766 |
2022 Total funds £ 30,000 37,900 67,900 500 15,791 16,291 (163,546) (111,937) 1,652,053 1,540,116 |
|---|---|---|
The notes form part of these financial statements
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THE TYRER CHARITABLE TRUST
BALANCE SHEET 31 OCTOBER 2023
| Notes FIXED ASSETS Investments 5 CURRENT ASSETS Debtors 6 Cash at bank CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 8 Unrestricted funds TOTAL FUNDS |
2023 Unrestricted fund £ 1,460,006 6,565 130,599 137,164 (1,404) 135,760 1,595,766 1,595,766 1,595,766 1,595,766 |
2022 Total funds £ 1,426,589 6,160 108,667 114,827 (1,300) 113,527 1,540,116 1,540,116 1,540,116 1,540,116 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 18-04-2024 ............................................. and were signed on its behalf by:
............................................. Mr C Pointon - Trustee
............................................. Dr B A Haines - Trustee
............................................. Mr R Fraser-Williams - Trustee
............................................. Professor M Haines - Trustee
The notes form part of these financial statements
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THE TYRER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
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 a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Investment income | 40,853 | 37,900 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 October 2023 nor for the year ended 31 October 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 October 2023 nor for the year ended 31 October 2022.
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THE TYRER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2023
| 4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities Total EXPENDITURE ON Charitable activities Donations Governance costs Total Net gains/(losses) on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 5. FIXED ASSET INVESTMENTS Shares Other Additional information as follows: MARKET VALUE At 1 November 2022 Disposals Revaluations At 31 October 2023 NET BOOK VALUE At 31 October 2023 At 31 October 2022 |
2023 £ 1,185,815 274,191 1,460,006 |
Unrestricted fund £ 30,000 37,900 67,900 500 15,791 16,291 (163,546) (111,937) 1,652,053 1,540,116 2022 £ 1,154,960 271,629 1,426,589 Listed investments £ 1,154,960 (4,375) 35,230 1,185,815 1,185,815 1,154,960 |
|
|---|---|---|---|
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THE TYRER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2023
| 5. FIXED ASSET INVESTMENTS - continued UK investments Overseas investments Global investments Investments (neither listed nor unlisted) were as follows: Artwork 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Prepayments and accrued income 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 8. MOVEMENT IN FUNDS At 1.11.22 £ Unrestricted funds General fund 1,540,116 TOTAL FUNDS 1,540,116 Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 40,853 (20,433) TOTAL FUNDS 40,853 (20,433) |
||||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| £ | £ | |||||
| - | - | |||||
| - | - | |||||
| 1,185,815 | 1,154,960 | |||||
| 1,154,960 | 1,323,106 | |||||
| 2023 £ 274,191 2023 £ 6,565 2023 £ 1,404 Net movement in funds £ 55,650 55,650 Gains and losses £ 35,230 35,230 |
2022 £ 271,629 2022 £ 6,160 2022 £ 1,300 At 31.10.23 £ 1,595,766 1,595,766 Movement in funds £ 55,650 55,650 |
|||||
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THE TYRER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2023
8. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.11.21 £ Unrestricted funds General fund 1,652,053 TOTAL FUNDS 1,652,053 Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 67,900 (16,291) TOTAL FUNDS 67,900 (16,291) |
Net movement in funds £ (111,937) (111,937) Gains and losses £ (163,546) (163,546) |
At 31.10.22 £ 1,540,116 |
At 31.10.22 £ 1,540,116 |
|
|---|---|---|---|---|
| 1,540,116 | ||||
| Movement in funds £ (111,937) (111,937) |
||||
| (111,937) |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.11.21 £ 1,652,053 1,652,053 |
Net movement in funds £ (56,287) (56,287) |
At 31.10.23 £ 1,595,766 |
|---|---|---|---|
| 1,595,766 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 108,753 | (36,724) | (128,316) | (56,287) |
| TOTAL FUNDS | 108,753 | (36,724) | (128,316) | (56,287) |
continued...
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THE TYRER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2023
9. RELATED PARTY DISCLOSURES
During the year the Trust paid Aaron & Partners LLP £10,830 net for legal and professional services. The Trustee, C Pointon, is a partner in Aaron & Partners LLP.
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THE TYRER CHARITABLE TRUST
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES | ||
|---|---|---|
| FOR THE YEAR ENDED 31 OCTOBER 2023 | ||
| 2023 | 2022 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | - | 30,000 |
| Other trading activities | ||
| Investment income | 40,853 | 37,900 |
| Total incoming resources | 40,853 | 67,900 |
| EXPENDITURE | ||
| Charitable activities | ||
| Charitable donations | - | 500 |
| Support costs | ||
| Governance costs | ||
| Management fees | 5,958 | 6,391 |
| Sundry expenses | 75 | - |
| Accountancy fees | 1,404 | 1,300 |
| Professional fees | 10,830 | 6,750 |
| VAT on professional fees | 2,166 | 1,350 |
| 20,433 | 15,791 | |
| Total resources expended | 20,433 | 16,291 |
| Net income before gains and losses | 20,420 | 51,609 |
| Realised recognised gains and losses | ||
| Gains on revaluations and disposals of | ||
| investments assets | 35,230 | (163,546) |
| Net income/(expenditure) | 55,650 | (111,937) |
This page does not form part of the statutory financial statements
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