Tyabji UK Charitable Trust (TUCT) Annual Report 2021
TUCT is a small family foundation set up in 2012 to disburse charitably a legacy from the estate of Faiz Salman Tyabji. The trustees are his heirs, who are his son Imran Tyabji and Imran's wife Alison Freegard, and their adult children Nicholas and Joanna.
Object and Activities .................... 1 Achievement and Performance …. 1 Reference & Admin ….................. 1 Governance …................................ 1 Annual Accounts …...................... 2
Object and Activities
TUCT will operate by making grants and its objects are framed to be general: any activity which is charitable in law in England and Wales. The trustees have adopted regulations that restrict grant-making to traditional Quaker concerns such as peace, equality, human rights, sustainability, the environment, and relief of poverty.
Achievement and Performance
The remainder (£68,000) of F S Tyabji's legacy was paid from the estate to the Trust. Grants made outside Network for Social Change were £500 as a personal grant for education to Hanan Hendawi for her anthropology degree at Bristol University, and £250 to ReConnect, a charity to assist asylum seekers to find useful employment in teaching. Within Network, our Chair Alison Freegard continued as co-convenor of Health & Wellbeing Pool. TUCT sponsored an application by Black Girls Hike (£1500), and apart from that funding was
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FastTrack through the year – £2600
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Pools spread between all, since all had excellent projects – £2600
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Major Projects – £6000 – spread equally between Labour Rights, Cutting Carbon Now, and Land Workers' Alliance
Reference and Adminstrative Details
Name: Tyabji UK Charitable Trust. Also known as TUCT.
Registration status: Registered with Charity Commission (for England and Wales) with charity number 1148578. Charity reference XT36335 with HMRC.
Governing Document: TUCT is governed by its trust deed dated 24 January 2012.
Address: 55 Mercers Road, London N19 4PS
Trustees in January 2021: Alison Freegard (Chair), Imran Tyabji (Treasurer), Nicholas Tyabji, Joanna Tyabji (all of whom are also the founding trustees)
Bankers: CAF Bank, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4TA
Structure, Governance and Management
As a small family foundation, governance is consciously kept simple and with careful right ordering. The scheme for deciding how grants are made is documented in the Regulations, and requires at least two trustees to agree and document their rationale for the grant (with the approval of either the Chair or the Treasurer). Grants made are reviewed by all trustees at least once a year. All financial transactions require two signatures (above £300). As the Trust is small and lacks the resources to monitor charitability, we will fund either registered charities, or projects that are monitored by organisations such as the Network for Social Change or JRCT, or exceptionally where we can provide personal oversight.
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TUCT Annual Report 2021
Annual Account Tyabji UK Charitable Trust (fucT) Statement of Financial Activities for year ended 23 January 2022 Notes Jan 2022 Jan 2021 RIpts Investmenl irwmg 173 37 Total receipts 68.173 Payments Cost olgenernbng funds 93 Chont8blg 8¢bvths Grant-makir Granls Net loans made 13450 125() 376 13.826 12720 Totsl costof yant-maklng Oth Total payments 13.922 IZ813 Re¢elpts less Payments Gainvth(1$8e$ on imiestment 8&8ets $4.252 -12,776 854 -2,179 45,310 60,265 l(Kl.416 45,310 BaLqncss brDughtforward Balances carrled for4¥ard at23 January Held a$ rixed inve5tmerrt a55ets Debtors 7125 6,271 Cash a bankbnd in hand less Creditorsfalling duewithin one aT Net assets 93291.12 39,039 l(U416 45,310 Notes 11 Receipts and payTrent5 ba515 21 Santsnder and LBGSA dwidends 31 Costs related to Network for Social Change paid in finarKial yr 41 Gains Ilossesl of £854 on LBGSA& Santandef & lIaeTrust 51 LBGSA online account1£13701 plus Santander shares ld in rK)minee a/£1£57551 61 Final portKJn rewved from Ex&wtorof FS Tyabii Estste VI 31/07/2022 IFT TUCT Annual Report 2021 Page2of3
Independent examiner's report to tbe truslees vfT! abji L K Cbaritable Trnst I report on ihe accounts of T!"abji UK Charitable Trust for the l'ear ended 23 Januarn" 20?2. hich ar¢ s¢t out on thc pre¢LIng page. RespectiTre responsibilities of trnstees and eiaminer The charitV'S trustLCS arc rcsponsible lor the preparaiion ofihe ac¢L)unts. The charil! s trustccs consider that an audit is not required for ihis l.eai und¢r section 4.)(-1 ol. (hc Charitics Act 1993 (the 1993 Acil and that an ind¢p¢ndenl examination is needed. It is mv re5ponsibilits to.. cxaminc ihe accounts under section 43 of lh¢ l ¢)93 Act- io toll0. the procedures laid doii'n in the gbeft¢rnl Dir tion5 gl'¢n bv the Charity. Commission under section 4i17iibl ot the 199) .4ci: and to slate 'he1her particular tter$ ho¢ comc to MN" attention. Basis of independent examiner's repDrt My cxamination w'as carried oui in aLcordanci "11h ihe generdl Direciions ¥y1en bl" Ihe Charity Commission. An examination includes a rel.ie ol-lhe aeLouniingT i¢cords k¢pi bi. the charit), and a comparison of thL accounts presenied M ith thosc rccords. It also includes consideration of an). unusual items or disclosures in ihe aLLQUIITS. and sLYking explanations from oU as trnsiees concerni¥tg an!. such mailers. The priK¢dures undenak'en do noi proK"ide all the ei hdenc¢ that would be required in an audit and consequenil!" no optnion is giiwcn as to uhether the accounis present a'truc arkd fair N'iew, and the rq)ort is limited to tknse mailers sei oul in the stsiemenl belo. Independent examiner's statement In Connection 1th mv examinaiion. no matter has come to att¢niion: {1 ) whi¢h gil'es me reasonable cause io kli¢i'¢ that in an!. malerial respect th¢ r¢quircJnents lo k¢¢p accouniing records in accordance 7th seciion 41 of the 1993 Act- and to prepare aLcounts .l¢h accord iiiih the ttccountingj rccords and comply .]lh the a¢counting requirements of lh¢ 1993 Actii'ities ha¢ not Eeen met- or (2) to 'hiCh. in my opinion. altenlion should be drnmn in order to enable a prOr understanding ol'the accounts io be rea¢h¢d. ts2L Jerem!. Thorp Vl 31n7f2022 IFT TUCT Annual RerxJft_?] Pageiofi