The Thomas Family Charitable Trust Report and Accounts year ended 5 April 2024
THE ThOMA5 FAMILY CHARITABLE TRUSr CHARTfY INFORMATION FOR THE YEAR ENDED 5 APRIL 2024 Trustees William Thornas Fiona Thomas Governlng Document Trust Deed 8 September 2009 Charfty Reglstratlon Number 1131842 Prlnclpal Address Coppice Farrn Cottage Redpale Dallington Heathfield East Sussex TN219NR Independent Emamlnws McBrldes Accountants LLP Nexus House 2 Cray Road Sidcup Kent DA14 5DA Bankers Bardays Bank plc 167 Hlgh Street Bromley Kent Contents Charty Information Trustees, Annual Report Independent Examinees Report Statement of Finanaal Activities Balance Sheet Cashflow Notes to the Accounts Page 8-12
THE THOMAS FAMILY CHARffABLE TRUST TRusfEES' ANNUAL REPORT FOR THE YEAR END5 APRIL Z024 The trustees have pleasure in Submitting the Repc¥t and Accounts forthe year. Objects olthe ¢harfty The Chwrty operates umder hs trust deed whith wa5 made on 8th September 2009. The tharity was registered with the tharrty's CoMms1on on 25th September 2009. The objects of the ¢harity. as set out In the governing docurnent are.. to assist gjch charitabbe purposes as the Trustees in their absolute discretion think fit. The Charity raises funds for these purpose5 by predominately receNing donations from a limited company controlled by the Thoma5 family. Summiry ofthe chrlvs maln a¢ and•thknmÈnts During the year. in order to achieve it's objectives, the Charity donated fvnds to Helderber8 Street Peoples Centre. 8fak En Jan Pre School Creche. Siphila Sonke Charity,Hilfe fur nder and the Forward Foundation to assist children and families with their education, social development and quality of life. In plannln8 the artlvlties the Trustees have applied the guidance on public benefit issued by the Charity Commission. Strurture. G0m•e and The current Trustees are shown an page of thls rèport. They all served throu8hout the year. The trustees of the Charity met durln8the ¥r to dkn¢uss all aspects and funrtions of the Chartty. Decislons regardlng the Charity are made by the TNstees at these meetings. Fln•n¢hl revlv4¥ During the yEar income was approximately £138IM)012023 £2.155,01. and expenditure approximately £163,00012023 £62,(Wl. As • resuK the charits funds held deueased byapproaching £25,000. Resebves poll¢y The Charity believes that a reservés p¢li¢y rs not required as it has no materlal overhead costs and all unrestrirted fund5 are available for distribution to enable the Charity to achieve its objectives. The Tnjstees have identified worthy cwses in South Africa for whi¢h comparativety large sums of money would be required. Key risks and urKrt4lNie5 The charity is exposed to Wdriaus risks - bè they operati¢nal. finandal or reputational. The trustees review the charity'5 actiwties regularly to identify SilfiCant risks and. where possible, they take appropriate measures to mitigate those ri4ks. P4e2
THETHOMAS FAMILY CHARffABiETRUST TRUSTEES. ANIWAL REPORT FOR THE YEAR ENtED 5 APRIL 2024 Plans forthe future To accumulate fijnds the majority of which wlll be held on interest bearing accounts, the Interest to be used by the bèneficiariès ta improve the quality of lrfe for the people they have selected to help. Responslbllltles of trustéts wmler drlty l•¥ The trustees are responsible for preparing the tntstee annual report and the financlal statements In accordance with applicable law and United ngdorn Accounting Standards (United Kingdom Generallv Accepted Accounting Practice). tharty law requires the trustees to prepare financial statements for e¥h finanaal year whkh give a true and falr wew of the state of the affairs of the charitable company as at the balan sheet date and of Its incoming resources and applicatton of resources. including income and expenditure, for the flnanclal year. In preparin8 these financial statements. the trustees are required to: l. select suitsble accounting po15ctes and apply them conshtentlr, 2. obseple the methods and prln¢lples In the Charitles SORP: 3. make judgements and estimates that are r&isonable and prudenL" 4. state whether the applicable accounting standards have been folknved. subject to any material d•parturs dis¢losed and émplairt sn thè finantial statèments. and 5. prepare the financial statements on a gOg concern basis unless it is inappropriate to presume that the charity wll continue in operation. The trustees are responsible for keepin8 proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the finan¢Sal siatements comply wfth the (tharltles Act 2011 and the Charlty IAccounts and Reports) Regulatlons 2008. They are also responsrble for safeguarding the assets of the tharity and hence for takln8 reasonabl* steps for the preventl(m and detectlon of fraud and other Irregularitie Apprryal This report was approved by the trustees and SI•d on their behalf by. Julie Thomas Date: PaJe 3
THE THOMAS FAMILY CHARrrABiE TRUST Independent wmlnerfs reporttotheTrnsteesofTheThonb Famlfy CharitableTn I report to the trustees on my examinati¢)n of the financial statements of The Thomas Family Charitable Trust I'the charl) for the year ended 5 April 2024 whith cornprise the Statement of FInarla1 Atttvities. the Balance Sheet and related note& This report is made solely to the cha$ trustees, as a b)dy. in accordance th sertion 145 of the charities Act 2011. My work has been undertaken so that l Might state to the Charis trustees those mattèr5 1 arn required to state to them In th15 report and for no other purpose. To the fillest extent permitted by law. I do not accèpt or as5urne responsibility to anyone other than the chartty and the tharitvs trustees as a body. for my work, for this report. or for the oplnions I have formed. Responslbllltles and the ba555 of rep(t As the trustees of the charity you are re4nsible for the weparation of financial statements in accordance wlth the requirements of the Charities Act 20111.the Arf). I report In respect of my examinalion of the charitVs financial statements carried out under sertlon 145 of the Art and In carrying out my examination I ha¥e followed all the •M4lcable Dlrectlons ven by the Charity Commission under sertlon 145151 Ibl of the Act. An independent examination does not Involve gherln8 all the evldence that would be required in an audlt and ¢onsequently does not cover all the rnatters that an alItOr considers in giwrq their opinion on the finan¢lal statements. The planning and condurt of an autht goes beyond the lirnlted assurance that an independent examination can provide. Consequendy l express no opinion as to whether the financial 5tstements present a 'true and fair, view and my report is limittd to those specific mattèrssèt out in the independent ex•rninerf$5tatement. Independent examlnr's 5tat•ment I have completed my examlnatloTh I confirm that no material rnatters have come to my attention in connectlon wlth the examination giving me cause to belleve that In any materlal respect: - a¢countln8 record5 were not kept In respect of the charlty as requlred by sedkn of the Act.. or the financial staternents do not accord with those record¥ ar the financial statements do not comrAy with the altable requirements ¢an¢emin8 the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requlrement that the accounts give a 'true and falr which is not a matter considered as part of the independent examination. I have no concerns and have come acr no other matters In connectlon 7th the examination to which attention should be drawn in this report in order to enable a proper understsnding of the firAn¢l•l statements to be reached. Andr FCA McBrides Accountants W> Nexus House. 2 Cray Road. Kent. DA14 5DA w Warren on behalfof McBride5 Accountants LLP $I,.ILy Page 4
THE THOMAS FAMILY CHARITABLE TRusr STATEMEMf OF FINANaAL AcnvmES FOR THE YEAR ENDED S APRIL 2024 Total Funds 2024 Total Funds 2023 Unrestricted Fund5 Restricted Funds Note INCOME AND ENDOWMENTS FROM: Donation5 and legacies Charitable activities 25,000 25,000 2,150,000 Interest receivable 113,362 113.362 5,713 Totsl Income and endowments 138.362 138,362 2,155.713 EXPENDITURE ON: Charitable activitles Governance costs 161,363 161,363 1,800 56,865 4,800 Total expendlture 163,163 163.163 61,665 Net Income {24,801) 124.8011 2,094,048 Transfers between fund$ Net movement In funds (24,801) 124.801) 2,094,048 Reconclllatlon of funds: Total funds brou8ht forward 2,096,386 2,096,386 2.338 Total funds carrfed forward 2,071585 2,071.585 2.096.386 The statement of financial activities includes all gains and losses re¢ognised In the year. All in¢om• and expenditur¢ deriv• from ¢ontlnuin8 opeFation5. The notes on page 8-12 fomi part of these accounts. Page 5
THE THOMAS FAMILY CHARITABLE TRUST BALANCE SHEEr AS AT 5 APRIL 2024 Total Funds 2024 Total Funds 2023 Unre5trirted Funds Re5trirted Funds Note CURRENT ASSETS Debtors Cash at bank and in hand 9,928 2,063,457 9,928 2,063,457 2,101,186 2,073,385 2,073,385 2.101.186 CREDITORS: Amounts falll due wlthln one year 1,800 4,800 Net current assets 2.071,585 2,071,585 2,096,386 Total assets less current Ilabllltles 2,071,585 2,071,585 2,096,386 TOTAL NET ASSETS 2,071.585 2.071,585 2,096,386 FUND BALANCES Unrestricted Funds General fijnds Dest8nated fvnds 2.071,585 2,071,585 2,096,386 2,071,585 2.071.585 2,096.386 Restricted Funds 2,071.585 2.071.585 2,096,386 The financlal statements were approved by the Board of Trustee5 and were Signed on its behalf by: Julie Thomas Date 29 2024 Charity number 1131842 The notes on page 8-12 fom) part of these aCcnt Page 6
FLYITHEYEMI &ICD SAPRIL>)24 2Q4 2023 114L1631 2,Ce3,010 rxv4dend5. interest and rentsfrom inve5trnents 113.362 113.362 5.713 5.713 I27.1) 2.C88,723 1463 C•th •nd •41•1t wnnkn¢0f y4W 2,C63.457 2.101,JA6 An•ly&ofth•rq•skn Ml d•bL' At$1 At•nd of lim.U6 137.7291 IC63,457 Total net funds1 Idobtl 2,101.186 137,7291 2,(63.457 2Q4 2023 I?4.1) 2.LN048 DNidends, Itrterest and Mtsfrom NeStme$ Ilncrea5eVdecrthiseln detlor5 Intrea5elldecreel ltsued*ors 15,7131 4,675 1141,1631 2,(lJ3,010
niE TH(IAS FAMILY (HARifABiE TRusr NOTES TOTHE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2024 Statutory Inforrnatlon The chartty Is a charltable InCorTated orr4nltk)n regtstered wlth the (thafity Commisslon in England & Wales. The charlty's registered number prlncipal addres5 can be found on the Charity Informallon page. Puounliry Policies These financlal ststemerrts are prepared on a concern bas18 under histotkal cost corbventlon. These financlal statements have been prepared In accordance wlth the trteMeftt of Recommended Prnctlce.. Accountlng and Reportln8 by Charlttes preparlng thdr accounts In ac¢onlan wlth the FInal?[ Rewrtlne Standard appllcable In the UK and Republlc of 5reland IFRS 1021 I'the Charlties SORP'I, vAth the Flnanclal Report5ng Stsndard appucable In the Unlted Kingdom and Republic of Ireland I'FRS 102,1 and wEth the Charbtles Act 2011. The chartty meets the dethStlon of a publk benefft entlty as set out In FRS 102. The Charltles (Accounts and Reports) Re8uhtk>n$ 2(X)8 (the '2( Re8ulètions'l requires charitles to prepare thelr accounts In accordance wlth 'Accouniire and Reportlng by Charltles.. Ststement of Recommended Prxtlce effect5ve from l Apdl 2W5' but thls accountln8 standard has slnce been wtthdrawn and has been replaced by the Chaiities SORP mentioned In the precedin8 paragraph. Thé charlty has prepared th•se flnantSal ststemènts In attoftlanté wlth the new Charlues SORP: thls departurè from the 2W8 Regulatlons Is bellt4ed io be ntessary for these fin•rtlal statsmeYrtSiO 8fve a rue and lalr vbe¥P. The prfnclples adopted In the preparallon of the financlal st•tements are set out below. conce The trustees have a$5e55ed whether the use of the concern bJs15 Is approprlote and hjve consldered posslble events or tndons that mlght cast slgnlfk•nt doubt on the ablllty of the tharlty to contlnue as a gokn8 concern. The trustees have made thls assessment for a perlod of at least one year from the date of approval of the flnan¢lal statements. In partlcular the trustees have consldered the charity's forecasts and woiertions and the possible irnpkcatlons should projected income and l or expendlture vary unexpectedly. The tntstets have conduded that there Is a reasonable èxpectatS0fi thatthè charlty ha5 adequatè resourct5 to contlnue to operate for the foreseeable future. The tharlty therefore contSnues to adopt the con¢em 515 In prepbrlnq Sts financlal ststements. bl IEJWll2 Intome Includlng Investment Irthme Is recothsed kn the perlod ITr whlch the thrfty becomes entltled to recelpt. the amount recelvable can be rneasured wth reasonable certalnty, and receipt 15 probable. For the rnost part, incorne is generally recogn15ed when It Is reCeed. IKorne is only deferreil when the tharity has to fulfil condlt*in5 before bec0rni en1ftd to It or where the donor has spec5fied thatthe inwme Ss to be expended in a futwe per. endlture Expenditure, includin8 brecoverjble VAT, Is lecol$ed when It ts Incwred or, If wrller, Ththen • legal or constrUcte obllgatlon for payment arlses provlded thai probable that settlement wlll be requwed and the amount of the obllgatlon can be measured rellably. The tharlty makes grants to other Irtstitutlons and 1ndhIdua to further Its tharftsble objeetlves. Grants payable are recognlsed as constructfve obligatlons arise, kh Ls generalty when the tharlty expre5ses a cornrnitrnent to the reaplent that can be rneasured rellably and then onty to the extent that any condlllons a$slated with the 8rnnt are outslde ofthe control of the charity. Goveman¢e costs. whkh are Induded In ex4>endltsJre on ¢TItable actMUes but are Identified separately In the notes to the accounts, indudes costs associated with the independent exarnination of the finanaal rtaternents. ojmpliancè with constitutional and statutory requlrements and any other expendlture lrtcurred on the strntegk management of the tharify.
THE TH(hlAS FAMILY (HARITABiE TRUST MOTES TOTHE ACCOUNTS FIYI THE YEAR ENDED 5 APRIL 2024 unti General fvnds are un$trIcted fub)ds wthkh are w•llat4e fDf use at the dlscretlon of the tnthes Sn furtherance of the generjl oblettfves of tht tharlty. D¢slgnated funds comprise unrestslrted furrtls that have been set aside by the trustees for partlcular purposes. Restricted funds are donatlons flthlch are to be used in accoanCe spedfit restrictlon5 Imposed by donors,. they Include donations recefved from appeals for speclflt actfvSlle5 or projert& Endowment frjnds are dOnaon$ that are retalned a5 capltal In accordance wlth the donoes wlshes. The n•bJre of the rtstrbttlon determlnes whether the endowments represent pemiaxent endowments or xpendable endowment& el The charity has taken athianta8e of the vaths relSets from taxatkn avaNable to thavltles and rw tsx Is payable on the charlty's Income. Flnanclal Instruments The chadty's finantlal assets and flnanclal IlJbMllle5 am qu41fy as bask llTranclal Inslruments. as defined by FRS102. Except for loans, crtdltors and debtOW5 are measured * the5r experted settlementvalue Inorn)•lly amount of cash that the chjrlty expert5 to pay or recefvel. tk>n•tJoM nd l•pcles 2024 2023 Donatlons Legacles retelvable 25.lJXI 2,150.¢)YJ 25,CCQ 2,150,( Chrltbl• •xp•ndltuM 2024 2023 InrIed dlr*dly on •clS¥lt GTrnts payable INote4Jl Other tosts 161,255 56,838 27 Audlt fee ljwnt eMm1bl00h fet 4.8CA) 1,8(M) Totsl •xp•ndllurn 163.163 61,665 Grants ¥0b 2024 2023 Instltut¢ons Helderbery Street Peoples Centre Siphila Sonke Outreach Pro8rarnTre Brak En Jan Creche Forward Foundation- Srtepvrmlla Sreepur Vllla8e Hilte fur Klnder In U8anda Hannover 8.fiJ2 125,8 4,301 4.301 9,368 28.103 4.684 4.683 io,c 18.245 161.255 56,838 Pagè 9
THE TH(MAS FAMILY (IIARITABiE TRUST NOTES TOTHE ACCOUIITS FCKI THE YEAR ENDED S APRIL 2024 Analy51s ofstff costs, th• ¢05t of k•y •Mn•pm•nt p•tsonn•lnd trust•• rnmunw•tlon and •xp•ns•s No trustees recefved ernployment beb*fits In elther the ojrrentor ptedIng year. No trustee was rdmbursed forexpertstt In ttAs orthe fv year. Debtovs Falls due wlthln OM 2024 2023 Trade debtors other debtors Prepaymtnts and atcrned Incomè 9,928 9,928 Cash 4t Bank and In 2024 2023 Cash at bank 2,063,457 2,063,457 2,101.186 2.101,186 Crndltors." Ihb115tl•s due wlthlTh•)ne VUT 2024 2023 Trade tredltoys Accruals 4,8 Fun Openlng balance 2024 Incomlrvd Outgolng Tvansfers In the year 2024 Closlng bolance 2024 2024 2024 General Unrestrlrted Funds 2.096,386 138,362 1163,1631 2.071,585 Total Unrestrlrted Funds 2.096.386 138.362 1163.1631 2.071.585 Aggwatr offunds 2.096,386 138,362 1163,1631 2,071,585 P•Je 10
THE THIA$ FAMILY CHARITABLE TRUST NOTESTO THE ACCOUNTS FOR THE YEAR EIIDE05 APRIL 2024 Analysis of n•t asmts b¥nd The assets and Ilablllties of the varlousfdS were as lolow& General Deslgnated funds funds Restrkted funds 2024 Debtors Cash at bank ènd In hond Credltors fallln8 due wlthln one year 9.928 Z,(W.457 11.8LM>I 9,928 2,063,457 11,8CQI 2.071.585 2.071,585 In theprevious yeor the ernents In the dKwrityslimds osAdlrnvs.' Opening Incoming Outytxlnq TronsJers balonct resourcu re50urce5 In the year 2023 2023 Closln9 l)olance 2023 Generol Unrestrlrted Funds Z338 1155.713 161.665) 1096,386 Totol Unrertrfrted Funds Z338 1155.713 (61.66SJ Agqreq¢7te clAunds 1338 1155.713 (61.665) 2,6,386 olnetassets tyfvnd In theprevlou$yeor, the ossets oftdllobRltles rfthe vorlcusfvids were asAdl +1 Geneml L)esignated luftds fvnds Rertrlrted funds 2023 Debtors Cosh at bunk ond In hand Credltorsfvlllng due *¥thln ZiOL186 {4.8W) 2.101,186 f4,8CQ) Z096.386 2,CS6.386 10 Trnnsactlon5 rtllted rtIeS Durfngtheyearthethority- al The Chartty recer¥éd a don•titin of £25,IJXI from Tlb)ma5 Aston Home5 Limited. • company wlth common dlrectorsltrnstets. t l No expen5e5 were pald to tFUStees for wh115t carryiry out dthies associated with beinK trustee5; relmbursements for expenses Inturred when acting as agent for the charity or intUWTed when dertakle employment dleS not connected wh seNin8 as 3 trustee are not included In this disdosure. Pa 11