The Plnching Family Trust Report and Flnanclal Statements For the Pariod,to 6 Aprll 2024
The Pln¢hlnglFamlly Trust Contsnts Page Legal and adminlstrallve Infomatlon Report oftha trustees statement of flnaTrSal actlvltsa8 Balance shaot Nots8 foftnlng part ofthe flnandal ststsments &7 Independènt Examlnerf8 Report
The Plnchlng Famlty Trust Logal and admln18tradve InfomtIon Truste8S'. Mr scott Pinchlng Anne Pinching Prfndpal Offi. Oakhur5t 16 Chrfstchurth Road Norwich. Norfolk NR2Z4E Charity C¢)mmlsslon Regtetered Numbar. 1157704
The Plnchlng Farnlty Tt ofthe tru8t¢e8 forthè perfod ended 6 Aprll 2024 The Trusiees PTe8enl their port and finana81 stst8ments tr th& year ended 511 April 2024. The Puithing Famity Tnt is a registered diarity govemad by a Dedarthn of TnBt made on 28th October 2009. Trustees The names of the Tntstees who served durtng the year and up to the date of this report are set ¢>Ji on Page Objectives and Athlty forthg Publlc Benellt The obiects of the charity a for the benefit of the wblic to supportsuth eharilabfe purposes as th8 trusie8S in their absolute discretion think fft. The charity carrtes out objects by pn)vKling grants to ch8ritabta organizations and individuals which rrt one or more of the obpcls as desuibed above. The Twstees are mindfrjl ofthe requirements oftha Charity Commission regardW th8 Public 8eneffttsstand Confi thal the activities of the charity wtll confoTh with these tequirements. Reviow of Activilles The St8tementofFinancialAcli¥iliesforthe period is set outon Page 3ofthe financtal statements. A summary of the finanual results and the woth of the chanty is set out below. The surplus for the period was £53.505, r8aving total funds (arrTed fonvarf of £428,554. The Charity has deiived its tnL¥)me during Ihe year from Ivestrnent income and donaltons to the TrusL W8 have supported 10 tharthes duriry the year, with £17,016 being donated In totsl. The trustee$ have reIVed several requests for donations from Charitable organisations and individua Investment Pollcy Atl in¥8sbnents, wluth are hdd in a¢nce with tho powèrs avallable to the Tnxtees, are held in the ordinary sha$ ofThe Smith & Pincing Group Ltd. Re8er¥e8 Pollcy and Ri8k Management The Yesor¥es of the tharity are identified as unrestrict•J at the period end. The unrestricted reser is available for all donations and $ts of running the fvndraising athvitie$. Intemal risks are minimized by the implemeniation of procdures for authortratton of all acfvities and to ensure consistent arrfl qualty delivary for all operational aspeds of the tharity. These procadures are perityjicalty revi8w8d to ansure that th&y met the needs ofth& charity. At th8 year end the reserrfes as follryaB: 2024 2023 General reserve 428,554 375,069 Rlsk Management The charity Monito its risk on an ongoing basss and has ensured both p0fi and funding to miligate those rtsk& The accounts have beèn prepared in accordance wrlh the aixounting poliraes set out in the notes and Comply with the Charitys goveming document, Ihe Chariltes Act 2011 arKI AccountiTrJ and Reporting by Charibes.. Stament ofRe¢ommended Pra&i¢x applicgbleto tharitses preparing thar ac£ounts in accordance ilh the FinancAal Repoiting Standard applicable in the UK and Republic of Ireland (FRS 1021. This report was apprOd by the Board on 18 [mber 2024. Mrs A M Pwthlng- Trustse
Th• Pinching Famlly Tnmt 8tatsm•nt of Financlal Acllvltta8 Ilncluding summary Income and expondlthr• ac¢ount) For the P•Tiod endod S Aprfl 2024 Lknr88trf¢tsd Fund• Total 2024 Total 2023 Incomlng R•8our¢e• Incoming Resour from G•norated Funds Voluntary In(x>me- Grft Aid L)onattons lnve91mt Incoma Realised profft on Investments Unrealksed 98ing1 (Log8esl on in%wlmonts Loan Interest SurKlry Income 50,fy)0 7,134 1.150 10,CM)S 3.000 50.0&) 7.134 1,150 10,005 3.000 79,500 1,839 52,0(X) (7,585) 3.000 11 Total Incornlng re8ouvce8 71.289 71,289 128.765 Re•ource8 Expènded Charitable ti¥l88 Don8tion3 17.018 17,016 11.016 Bank Chorgo8 Investment charges Accountancy Charges 25 278 25 278 16 187 Tol•l r0reaS •xp•ndad 17,804 17,804 11,898 N•t mov•nMnt In lund• 63A85 53880 117.067 FurKI balanc* brought forward at 6 April 2023 375,069 375,(169 258,Ix12 Fund balanca ¢othgd ft)pNard al 5 Aprll 2024 428,554 375,069
The Plnching Famlly Trust Balan¢0 8heotas ot 6 April 2024 2024 2023 Notss FId a88ets Investnts 350.675 Curnnt as8ets Cash at bank and in hand Debtors 18.769 32,642 78.769 98,142 Curnnt Liabilitie8 Creditors 89 (890} {880) Net Currnrrt assets 77,879 97,262 Net a850ts 428.554 375.069 Funds: Unrnstricted funds General funds 428.554 375.089 Total fund8 428,554 375.069 The ffin8ncAal statements on pages 3 to 7 were approved by tho trustees on 18 December 2024 and signed on thew b8half by: A M Pinching
The Plnchlng Famlly Trn8t Nots8 fomilng Part of th? flnanclal 8latam•nts For the porlod •nded S April 2024 Accounllng Polldgs (a) Ba818 of Prnparntlon The financ4al stslements aro presented in pounds steding and are rounded to the nearest pound. Tho charity conslitules 8 public benefit onbty 8s defined by FRS 102. The attounts have teen prepared in 8c£ordanc• with the Stalement of R8commond8d Pr8Ct4¢e'. Accounting and Reporting by Charitie$ preparing their aOunt5 in accordan with the Financial Reporting Standard applic4ble In the UK and Republic of Ireland (FRS 102) issued on 16 Juty 2014. the Flnancaal Reporting Standard oppliublo in the Unitsd Kingdom and Republic of Ireland (FRS 102) and the Ch8ritlesAct 2011. Fund accounttng Gengral funds ore unrnsblcted fund8 which are avallable for use al the dkratiOn of the truste In furtheran of tha ganaral of the chorfty and Mthtch have nol bean deBignated for ather purpos88. InveBtrnent Ino)me and galn8 are allocated to the approprfats fund. In¢omlng rn8ource• Al Incomlng re8ourca8 are Induded In the SOFA when the charity ls1og8lly enttyed to the Income and Ihe amount can be quantlfied véith reasonable accuracy. For lagactès. entillement L8 Ihe eortler of the ¢harlty belng notified of an Impendlng dl8tr11)ution or the legw belng rn(xl%pd. Gift8 In klnd donated for dl8trlbuliiJn are Indudod at valuation and rnc4gnked 08 Income when they are di8trtbuted lo the prolec18. Gwts donated for dlstrfbutton are indudad as Ineome when they are 80kl. Donated f8cilitie8 are induded at the valufr to tho ¢*arfty where thi8 can bé quantifted and o thSrd paty Is bearfng thfr cost No amounts arn indudod In the financial statwMents for 8ervkes donated by voluntears. Grants, induding gT8nts for tho Puh8•e¥ ofilxad a850ts, arn recognSzgd In fvll on the SOFA In the year in vthich they are recaivable. Ro•ouffM• •xp•nd•d l expenditure 18 accounted for on an accruals basls and has baen classlfled under he8ding9 ihat aggregate all costs relatsd to the category. Where cosi8 CAnnot b• directy attributed to partlcular heading8 they have been allocated to advilie8 on a basis consloient wilh use of tho re8OUTh. Fund48ls5ng o)sts ara thow Incuffed in 8eeking voluntary contributtons and do not indudg the costs of di88eminating Infomiation in support of the tharitable arAlvRle8. Support costs are th¢J8e costs Inojrred directly in support of expenditure on the objects of charfty and inefudè projecl management Corrted out at headquarter8. M8n8gement arml administrallon costs are th08e incuffed tn nn8th0n with admini8trAllon of Ih tharity and compllanc4 with oJnBliutlonal and statutory requlrement8. Inveslmwts Inveslments aro rwnized at cost18s8 impaiment vthere thty réprèsent shares In entltios that aro not publlcly traded and the fair value cannot otherwise bg measured reliably. Inveslments in entitles that are publidy traded are re¢))gnr£ed at the open mathet valuatlon. Going Concem (fj Tho finan81 8tatam0nts have been pftpared on a goirwj cOnn basts a$ the TNsi8es beliave that no material uncertainties exi$L Th? Trustoes have considered the level af fun(ts held and the expecled level of income and expenditure for 12 months from authorizlng these finanal ststemenis.
The Plnching Famlly Trust
Not•s fomilng part of the financlal ststemn
Forthe poiiod endod 5 ApAI 2024
The bated income and eXndIture is suffident with the l8¥91 of reserves for the charity to be able
to ¢ontinue as a going
The Plnchlng Famlty Trn•t Note8 fomilng part of the Ilnanclal 8tstenMnts Fortho porfod ondod 6 April 2024 8tstsmMtof lund8 At6 Aprll 2023 Incoffle Expondlturn At 5 Aprll 2024 General r88eThg Total unre•trlGtsd fvndB Totsl fvnd• Tho General Re50Ne represents tho free fvnds of the Charlty. whlch are not d88ignatad for pathilar purp08e8. Anaty8h ol n•t a880ts b•iwwn fund8 Unrn8trlet Fund Tol•l Fund balanc •t 6 Aprll af• r•PronI•d ty: Fixed a88018 Current asset• 350.875 77,879 350,875 77.879 Totsl nota•80ts 428,$54 428.554 Tru•ts•'$ v•mun•raOon The tru8te8s n01th•r rar*lved nor walved any emolumants or expens during tho year. Relatgd Party Trnn88CtlonB Duiing the year tho chadty rec8WI glft okl cash donatlon8 from Mr Scott Pinthlng of£S0,000. Scott 18 a Tfustee of ts Char6ty, The Charity owns sh8res in Pinbly Inveslments Limited, a company in which Scott Plnching and Ann• Plnthlng arg Dlre¢torn. Tha Chanty also has a loan outstandlnq of £60.000 to PÉnbty Investments Limited.
Tho Plnchlng Famlly Trust Indap•ndent Examln•r'8 Rgportlo Ihe Tru8te68 of The Plnchlng Famlly Tru$t I r8POrt to the charfty trustO0s On my examlnation oflh8 accounts oflhe chaAty forthè yearanded 5 April 2024 whirh are ¥et oul on pages 3 to 7. Ro8ponslbllhlo• and b**l8 ol rnport A8 the ¢h8rity's Iwstees you are responsible for tha pr¶tlon of Ihe accounts In aco)rd8nce with the requirements ofttro Charities Act 2011 {'tho Acl'l. I report In respect of my exominatN)n of the chaflty'$ a¢ts)unts e4nled out Undèr 8ecllon 145 of th& Act and in cwrylftg out my examthatlon I have 1051owed 811 thg applicable Dlr8Ctlons glven by Ihe Charfty Commlsslon under sectlon 14515llb) of Ihe Act. kndgpendont examlnof• •tst¢m•nt I have cornpl8t8d my •xamin81ion. I cLrfirni Ihat no moterfal rnatter8 have (me to my attonuon In conn6CtIoTr wlth the examlnallon glvlng me cauBg to bolieve th81 in any m8terl81 respect.. axounllng rIrds vMre not kept In respo¢t of th8 ¢harfty 88 rnqulr8d by secllon 130 of tho Act., or th8 actrjunts do not accord wllh Iho8a reco9 tho attounis do not comply the 8pplieabl8 raqulr8mants conc8mlng the form and wntenl of aca)unts 80t out In the Charilles (Accounts and Reports) Regulallons 2rm olher th8n any requlrnment that the accounts glve a '11 and fair ¥18w' whlch18 not a mattor consldorad as part of an Independenl oxamlnal¢on. I hove no corK•m8 and hav8 cofflg gcms8 no olhar matters In connectlon wllh the examlnalknn to vthch attenuon should bè drown In th18 report In order lo enoble a proper under8tandlNJ of the 8ccounty lo b8 réa¢hod. l A Bartow FCCA Sexty & Co Chartered Certlfled Acwunlanl8 ofKI Règlsteréd Audttors 124 Thorpe Road Norwlch NR1 1RS