s&w
The Ringtons"Tea Growing Community"
Charitable Trust
Charity registration no. 1152164
Trustees, report and unaudited accounts
For the year ended 5 April 2025

The Ringtons "Tea Growing Community" Charitable Trust
Legal and administrative information
Truste8S
Mr C J Smith
Mr D I Vorster
Mrs C J Skeates
Charity number
1152164
Principal address
10-22 Algernon Road
Heaton
Newcastle upon Tyne
Tyne and Wear
NE6 2YN
Independent examiner
Craig Henderson FCCA
S&W Audit
17 Queens Lane
Newcastle upon Tyne
Tyne and Wear
NEI IRN
Investment Managers
Rathbones Investment Management
Earl Grey House
75-85 Grey Street
Newcastle upon Tyne
NE16EF

The Ringtons "Tea Growing Community" Charitable Trust
Contents
Page
Trustees, report
Independent examiner's report
Statement of financial activities
Balance sheet
Notes to the accounts
8-13

The Ringtons"Tea Growing Community" Charitable Trust
Trustees, report for the year ended 5 April 2025
The trustees present their annual report together with the accounts of the charity for the year ended 5
April 2025.
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 20191.
Objects and actlvities
Objectives, aims and public benefit
The Trustees shall hold the Trust Fund and its income upon trust and shall apply the income only for the
Objects. The Charity's Objects are for the benefit of the public throughout the world Iwith particular
reference to smallholder farmers and workers in the tea industry living in East Africa or other regions
where tea is cultivated or used in production). The trustees have complied with the duty in section 4 of
the 201112006 Charities Act to have due regard to guidance published by the Charities Commission,
including public benefit guidance.
The principal objects of the charity are:
1. The prevention and relief of poverty and financial hardship by.
i. providing and assisting in the provision of grants, loans and other financial assistance;
ii. providing and assisting in the provision of goods and services-
iii. providing and assisting in the provision of buildings. accommodation. shelter. infrastructure and
facilities.
iv. providing and assisting in the provision of projects designed to improve agriculture, community
capacity and working conditions. and
v. other charitable means as the Trustees may from time to time decide.
2. The general purposes of such charitable bodies or such other exclusively charitable purposes in each
case as the Trustees may from time to time decide.
Significant activities and plans for the future
The Trustees are committed to creating projects. or making donations to other projects, which improve
the lives of those working in the tea industry. The Trustees will continue to provide assistance to
communities through donations to established charities. which have suitably aligned objectives and
projects. rather than creating their own projects.
Public benefit
In shaping the Trust's objectives and planning its activities. the trustees have considered the Charity
Commission's guidance on public benefit. The benefits of the Trust's work are to help improve the lives of
the Tea Growing Communities they work with. The Trust's projects are helping to influence the Tea-
Growing Communities for the long term and good progress is being made.
Grant making
The Trust has established its grant making policy to achieve its objects for the public benefit as noted
above.
Achievements and performance
Charitable activities
The Trustees continue to consider communities and projects that may be eligible for assistance by the
Charity, to ensure they are suitably positioned to carry out their charitable objectives.

The Ringtons "Tea Growing Community" Charitable Trust
Trustees, report for the year ended 5 April 2025
Financial review
Principal funding sources
The income earned from investments for the year to 5 April 2025 was £45.155 {2024: £40,617). This was
deemed satisfactory by the Trustees in consideration of the initial cost of investing the £1.550,000 gifted
by Ringtons Limited in July 20131£250,000). September 2013 (£5,000), June 20141£350,000). June 2015
1£250,0001, June 20161£100.000}, July 20171£30.0001. June 2018 (£35.000). June 20191£300,0001, JLne
2021 1£60.0001. June 2022 (£70.000), June 2023 1£25,0001, June 2024 (£25.000) and June 2025
1£50,000}.
The financial statements show that the value of the endowment fund increased during the period by
0.43% to £1,925,928. Closing unrestricted reserves at the end of the period were £32.628.
Investment policy and objectives
The investments held by the Trust provide the income required to meet the charitable objectives. As the
income generated is a crucial part of the Trust's operation, the Trustees review the investment
performance. with input from the investment manager, to ensure satisfactory returns. both in income and
in capital growth. are maintained.
The investment policy adopted ensures that a diverse portfolio of investments is maintained, within the
risk-appetite parameters agreed. so as to ensure investment performance is at the agreed levels. In
regard to social, environmental and ethical considerations discretion is given to the investment manager
and no restriction has been placed on the assets in which they may invest as long as the overall strategy
s adhered to.
The investment policy is considered annually to ensure that the Trust's aims continue to be meL Further
donations to the Endowment fund are likely to be received in the future. leading to potential further
investment opportunities for the Trust. Factors such as stock market volatility and the commencement of
the Tea Growing Community donationslprojects will be considered by the Trustees before decisions are
made on where any new funds should be invested.
The Trustees agree that the investment portfolio has performed well in the period and expect this to
continue for the foreseeable future.
Reserves policy
The total funds held by the charity at the year-end are £1.958,256 with £1.925.929 of this held in an
Endowment fund not available for the general purposes of the charity. The remaining £32,627 is held as
an unrestricted General fund.
Unrestricted funds are held:
i. to provide funds which can be designated for use in accordance with the Charity's objectives; and
ii. to cover ongoing costs in relation to running the Charity.
The minimum level of reserves required for the ongoing needs of the Charity are reviewed by the
committee on an annual basis.
Structurep governance and management
Governing document
The Charity is governed by the Trust Deed dated 30 April 2013, and became a registered charity with
effect from 23 May 2013. The trustees know of no reason why this approval may be prejudiced or
withdrawn.

The Ringtons "Tea Growing Community" Charitable Trust
Trustees, report for the year ended 5 April 2025
Recruitment and appolntment of new trustees
The management and administration of the charity is the responsibility of the Trustees who are elected
and co-opted under the terms of the Trust Deed.
Organisational structure
The board of trustees administer the charity, where they meet regularly. A Chairman is appointed by the
trustees to manage day to day operations of the charity. To facilitate effective operation. the Chairman
has delegated authority, within terms of delegation approved by the trustees, for operational matters
including finance related activities.
Induction and training of new trustees
The induction process for new Trustees includes providing them with a copy of the Trust Deed, together
with a copy of the "Guidance for trustees and charity advisors" as published by the Charity Commission.
Key managemènt remuneration
The trustees consider the board of trustees as comprising the key management personnel of the charity
in charge of directing. controlling and operating the charity on a day to day basis. All trustees gwe their
time freely and no remuneration was paid during the year. Details of trustees expenses are disclosed in
note 6 of the accounts.
Related parties
One of the trustees. Mr C J Smith. is a director of Ringtons Limited, a company which has gifted the
charity amounts as detailed in the principal funding sources paragraph included in this report. The
amounts gifted to the charity by Ringtons Limited is invested in order to generate the income required in
pursuit of its charitable objectives.
As per the trust deed, Ringtons Limited (a company incorporated in England and Wales) has prior
approval of the appointment of Trustees and may appoint. remove and replace any of the Charity's
Nominated Trustees by giving notice in writing to the Charity.
Risk management
The Trustees are responsible for the overseeing and managing of risks which the Charitable Trust faces.
The Chairman of the Trustees is well-versed in risk management strategies; particularly those relating to
investment risks. The Chairman ensures meetings are held with the trustees, at least once a year, to
discuss key factors affecting (or having the potential to affectl the TrusL One of the main points on the
agenda is the risks faced by the Trust and the methods to mitigate andlor reduce those risks.
The Trustees understand that the Trust needs to bear some investment risk. its largest risk, to ensure the
Endowment funds of the Trust increase. thereby allowing the Trust's objectives to be met.
The investments held by the Trust are managed by Rathbones, an established investment manager, who
understands the Trust's appetite for risk and works closely with the Chairman to ensure investments are
sought, which match the Trust's balance between risk and reward.
The Trustees have adopted risk-management techniques to minimise those risks which have a greater
probability of occurring andlor the risks which have a greater effect on the Trust's objectives (if the event
were to occur).
The Trustees agree that the risks are acceptable in terms of probability and effect and that adequate
consideration has been paid to the future outcome of the decisions they make on behalf of the Trust.

The Ringtons "Tea Growing Community" Charitable Trust
Trustees, report for the year ended 5 April 2025
Trustees, responsibilities
The trustees are responsible for preparing the Trustees. report and the accounts in accordance with
applicable law and regulation5.
The law applicable to charities in England and Wales requires the trustees to prepare accounts for each
financial year in accordance with United Kingdom Generally Accepted Accounting Practice (United
Kingdom Accounting Standards and applicable regulations). Under that law the trustees must not
approve the accounts unless they are satisfied that they give a true and fair view of the state of aff airs of
the trust and of the incoming resources and application of resources of the trust for that year.
In preparing these accounts. the trustees are required to:
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charities SORP:
make judgements and estimates that are reasonable and prudent:
state whether applicable accounting standards have been followed, subject to any material departures
disclosed and explained in the accounts- and
prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity
will continue in operation.
The trustees are responsible for keeping proper accounting records which are sufficient to show and
explain the trust's transactions and disclose with reasonable accuracy at any time the f inancial pos ition
of the trust and enable them to ensure that the accounts comply with the Charities Act 2011, the
Charities (Accounts and Reportsl Regulations 2008 and the provisions of the trust deed. They are also
responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
On behalf of the board of trustees
CJ Smith
Trustee
Date:
44KJ--

The Ringtons "Tea Growing Community" Charitable Trust
Independent examiner's report to the trustees of The RAngtons"Tea Growing
Community" Charitable Trust
I report to the trustees on my examination of the accounts of The Ringtons "Tea Growing Community,
Charitable Trust for the year ended 5 April 2025 which comprise the statement of financial activities. the
balance sheet and the notes to the accounts. including a summary of significant accounting policies.
Respective responsibilitie5 of trustees and examiner and basis of report
As the charity's trustees. you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 I'the Act.).
I report in respect of my examination of the charity's accounts carried out under section 145 of the Act
and in carrying out my examination I have followed all the applicable Directions given by the Charity
Commission under section 145(5)Ib} of the Aot.
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 charity 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 the accounts set out in the Charities (Accounts and Reportsl Regulations 2008
other than any requirement that the accounts give a true and fair view which is not a matter
onsidered as part of an independent examinatiorL
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.
CIL
Craig Henderson FCCA
Fellow of The Association of Chartered Certified Accountants
S&W Audit
17 Queens Lane
Newcastle upon Tyne
Tyne and Wear
NE11RN
3010112026
Date:

The Ringtons"Tea Growing Community" Charitable Trust
Statement of Financial Activities for the year ended 5 April 2025
Unrestricted Endowment
fvnds
funds
Total
2025
Total
2024
Notes
Income
Income from raislng funds:
Investment income
Donations
45,155
50,000
45.155
50,000
40,617
25,000
Total income
95,155
95,155
65,617
Expenditure
Costs of raising funds
Expenditure on charitable activities
(14,526}
(60.000)
(14,526) {12,947)
{61,295)
(1.353)
(1.295)
Total expenditure
(1,295)
(74,526)
175.821) 114,300)
Net (losses)Igains on investments
(30.373)
(30,373)
120.722
Net {expenditure)lincome before transfers
(1.295)
{9.744)
{11.039) 172,039
Transfers between funds
(17,924)
17,924
Net movèment in funds
(19.219}
8,180
(11,039) 172,039
Total funds brought forward
51.847
1.917,748 1,969,595 1.797,556
Total funds carried forward
32,628 1,925.928 1.958,556 1,969,595
All incoming resources and resources expended derive from continuing activities.
The notes on pages 8 to13 form part of these financial statements.

The Ringtons"Tea Growing Community" Charitable Trust
Balance sheet as at 5 April 2025
Unrestricted Endowment Total funds Total funds
fund
fund
2025
2024
Notes
Fixed assets
Investments
1,881,151
1,881,151
1.869,738
Current assets
Debtors
Cash at bank and in hand
354
48,123
354
82,041
551
104,006
33.918
33,918
48.477
82,395
104,557
Liabilities
Creditors: amounts falling due within
one year
10
(1,290)
(3,700}
(4.990)
14,700}
Net current assets
32.628
44,777
77.405
99.857
Total net assets
32,628 1,925,928 1,958,556
1.969,595
Funds
Unrestricted f unds
Endowment funds
32,628
1.925,928
51,847
1.917,748
Total charity funds
1,958,556
1,969,595
The accounts were approved by the trustees and authorised for issue by the Trustees and signed on their
behalf by-
CJ Smith
Trustee
The notes on pages 8 to13 form part of these financial statements.

The Ringtons "Tea Growing Community" Charitable Trust
Notes to the accounts for the year ended 5 April 2025
Accounting policles
General information
The Ringtons "Tea Growing Community" Charitable Trust is a charitable trust registered with the
Charity Commission for England and Wales. The principal address and a description of the charity's
operations and activities can be found in the Report of the Trustees.
1.2 Basis of preparation
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 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
IFRS 1021 (effective 1 January 20191. Financial Reporting Standard 102. 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 fair value. as modified by the rèvaluation of certain
assets.
The financial statements are presented in Sterling 1£).
The charity has an investment portfolio valued at £1,881.151 which is considered sufficient to
generate the income required to fund the charity's operations. As such, the trustees have prepared
the financial statements on the going concern basis and consider that there are no material
uncertainties about the charitable trust's ability to continue as a going concern.
1.3 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.
Donations are recognised when the Trust has been notified in writing of both the amount and
settlement date or on the date of receipt. whichever is earlier.
Interest on funds held on deposit is Included when receivable and the amounts can be measured
reliably by the charity. this is normally upon notification of the interest paid or payable by the bank.
Dividends are recognised once the dividend has been declared and notification has been rec6ived
of the dividend due. This is normally upon notification by our investment advisor of the dividend
yield of the investment porttolio.
1.4 Expendlture
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 costs
related to the category. Where costs cannot be directly attributed to particular headings they have
been allocated to aGtivities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year-end date are noted as a
commitment but not accrued as expenditure.
1.5 Governance costs
Governance costs are those incurred in connection with administration of the charity and
compliance with constitutional and statutory requirements.

The Ringtons "Tea Growing Community" Charitable Trust
Notes to the accounts for the year ended 5 April 2025
Accounting policies
(Continued)
1.6 Taxation
The charity is exempt from tax on its charitable activities.
1.7 Fund accountlng
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the
trustees.
The endowment fund is an expendable endowment fund. created by donations from Ringtons
Limited. The income of this trust can only be used for particular restricted purposes within the
objects of the charity. The terms of the endowment allow the capital of the fund to be spent if the
trustees so determine.
Further explanation of the nature and purpose of each fund is included in the notes to the financial
statements.
1.8 Fixed asset investments
Investments are a form of basic financial instrument and are initially recognised at their transaction
value and subsequently measured at their fair value as at the balance sheet date using the closing
quoted market price or, where a quoted market price is unavailable, the bid price. The Statement of
Financial Activities includes the net gains and losses arising on revaluations and disposals
throughout the year.
1.9 Financial instruments
Financial instruments are classified and accounted for according to the substance of the
contractual arrangement, as either financial assets, liabilities or equity instruments. An equity
instrument is any contract that evidences a residual interest in the assets of the trust. after
deducting all liabilities.
Investment income
2025
2024
Dividends
Bank interest
42,050
3,105
37,634
2,983
45,155
40,617
Investment income by geographical analysis."
2025
2024
UK investment income
Overseas investment income
37,923
7,232
33.472
7,145
45,155
40,617

The Ringtons "Tea Growing Community" Charitable Trust
Notes to the accounts for the year ended 5 April 2025
Other expenditure
2025
2024
Costs of raisin9 funds:
Investment management fees
14,526
12,947
14,526
12,947
Total expendlture on charitable activities
2025
2024
Expenditure on charitable activlties:
Grants payable (note 5)
60,000
60,000
Support costs:
Accountancy and independent examination
Bank charges
Trustees. expenses
1.260
1,350
30
1,295
1,353
61,295
1,353
Included within support costs is Independent Examiner's remuneration of £960 {2024: £9601
Grants payable
2025
2024
Ethical Tea Partnership
60.000
60.000
-io-

The Ringtons "Tea Growing Community" Charitable Trust
Notes to the accounts for the year ended 5 April 2025
Trustees
During the year, no Trustees received any remuneration of other benefits (2024: Enill.
During the year ended 5 April 2025. Trustee expenses of £30 have been incurred12024: £nil}.
Staff costs
There were no employees or staff costs for the year ended 5 April 202512024: none).
Fixed asset investments
2025
2024
Cost or valuatlon
At 6 April 2024
Additions
Accrued incom8
Disposals
Revaluations
1.869,738
63,486
1,711,130
293,354
551
(249,6701
114,373
(47,905}
(4,168)
At 5 April 2025
1,881.151
1.869,738
For the year ended 5 April 2025. total realised losses on investments of £26,205 together with total
revaluation losses on investments of £4.168 equal the total losses on investments of £30,373 as
disclosed in the Statement of Financial Activities.
UK investments at fair value comprised:
Equities
Fixed interest securities
586.656
167,092
526,775
215,148
753,748
741,923
Overseas investments at fair value comprised:
Equities
Other investments
982,906
144,497
1,011,715
116,100
1.127,403
1,127,815
Total investments
1,881,151
1,869,738
All investments are Carried at their fair value. Investments in equities and fixed interest securities
are all traded in public quoted markets. Holdings in common investment funds, unit trusts and open
ended investment companies are at the bid price. The basis of fair value for quoted investments is
equivalent to market value. using the bid price, Asset sales and purchases are recognised at the
date of trade at cost (that is their transaction value). The historic cost of investment was £1,600,287
(2024: £1,633,030).

The Ringtons "Tea Growing Community" Charitable Trust
Notes to the accounts for the year ended 5 April 2025
Debtors
2025
2024
Accrued income
354
551
10 Creditors: amounts falling due within one year
2025
2024
Other creditors
4,990
4,700
4,990
4,700
11 Fund analysls
Balance at
6 April
2024
Transfers
between
funds
Balance at
5 April
2025
Net losses on
Income Expenditure Investments
Unrestricted funds
Endowment funds
S1,847
1.917,748
(1,295)
174,526)
(17.924)
32,628
17,924 1,925,928
95,155
(30,373)
Total funds
1.969,595
95,155
(75.821)
130,373}
1,958,556
General fund
General funds represent the free funds of the charity, which are not designated for particular purposes.
Endowment fund
The fund has been donated by Ringtons Limited and is retained in trust for the benefit of the Charity as a
capital fund. The fund consists of investment assets and the income from the investment assets is used
for the purposes of the charity. The initial donations and subsequent increases and decreases in the
amount of the endowment funds are shown in the Statement of Financial Activities as part of those
funds.
Transfers between funds
Transfers between funds consist of dividend and interest income from the investment portfolio and
donations received in the Trust's unrestricted funds bank account to provide funds which can be
designated for use in accordance with the Charity's objectives and to cover ongoing costs in relation to
running the Charity.

The Ringtons"Tea Growing Community" Charitable Trust
Notes to the accounts for the year ended 5 April 2025
12 Related party transactions
During the year. The Ringtons 'Tea Growing Community" Charitable Trust received a donation of
£50,00012024.. £25.0001 from Ringtons Limited. One of the trustees. Mr C J Smith, is a director of
Ringtons Limited. The conditions of these donations are that the donation is invested in the charity's
endowment fund in accordance with the note above and as such this donation was made directly to
the investment portfolio held as part of the endowment fund.
Ringtons Limited is considered to have significant influence over the charitable trust due to one of
the trustees being a director of the company, the power of the company as per the terms of the trust
deed as detailed in the report of the trustees. and being the sole donor to the ¢haritable trust.
13-