The Pinching Famlly Trust Report and Flnanclal Statements For the Perlod to 5 Aprll 2025
The Pln¢hlng F#mily TN8t Contents Page Le981 And admlnlstratlva Infomiatlon Report of the truste88 Fta.ternent of finandal actlvltles Balance sheet Nol88 fomilng part of the flnanclal 8tatements Independent Examln•f8 Report
The Plnchlng Famlly Trust Legal and admlnlstsallve Inforniatlon Trnstees: Mr Scott PlnGhlng Mrs Anne Pinchlng Prfnclp81 Offic8: oakhurst 16 Chri8tchur¢h Road Norwlch Norft>lk NR2 2AE Charfty Comm1881on Reg18tered Number. 1157704
The Ptnchlng Famlty Trn8t Report ofthe tru8tee8 forthe perfod ended 6 April 2025 The Trustees present thelr report and ilnandal statements for the year ended 5th Apffj 2025. cn¥t1110n The Pththtng Family Twst E8 a rnSred charfty govemed by a Dedaration of Trust made on 28UI Octobar 2009. The name8 of the Trnstee$ vtho Sen1 durfng the year and up to the dats of thls reF£ort are Set out on Pago ob¢v and Aclfvlty for tho Publlc Benefft The oblects of the charity arp for th? benefft of the public to Support such charitable PU0889 as the trustees Iry, their absolute dis(xetion think ffl. The charlty cathes out these obS8Ct8 by providlng grants to charitablo ohanLzation8 and irKlivtdu818 whlch rneet one or more of Ihe oblects as descrlbgd above. Tbp.TnJJtees arn mlndful ofthe requlrements ofthe Charfty Commlggfon reganllng thè Publlc Benefft testand conrfmi that the activltles Of the charfty wlll confomi th these requirements. Rovleiv of Actlvldo• The Statement ofFlnanclalAcalvlttes forthe period 18 set ouion P8oe 3 ofthe finandal stst8ments. A 8umm8ry of Ih9.ffnancial re8uIts and the wort< of the charity is Set out below. Tha surplus for the period was £49,009. leavlng total fvnds canied fonNard of £477,563. The Charity ha8 derlved ts income durtng the year from inye8tment In¥JJrne and donatlons to the Trust. We have gUPPOrted 9 GharMe8 dudng the year. th £14,776 being donated In total. The tru8tee8 have re(xlved Several requests for donatlon$ from Charttable organt8ation8 and IndNiduab. Inv081iii•nt Poll¢y Aif'in¥88tmants, whlth are'hdd ID acconiance the p(Mer8 avallable to tha, Tw8tO08, aro held In tho otdlnary 8hare$ of The Smlth & Plnthlng Group Ltd. I*MoNo1 Pollcy and Rhk'managomènt The rn8erYes of the charfty are hl8nt1118d 88 unrestricted at the p8rlod end. The.unfe$tricted reseryo 18 available for all donatlon8 and costs of runnlng the fundralslng activitie8. Inteffl41 riskb are minlmlzed by'the implementsllon of procedureg for authorization of all a1¥18$ and to ensure conslstent and quality delivery for all operational awects of the charlty. These procedures are pedodlcally revlgwed.to ensure thal they met th'e neéd8 oflha chartty. At.th8 year end the reserve8 wera as follow?.. 2026 2024 Gerieral 477,565. Rl•'k Management The chartty monltors Its risk op an ongoing b88is and has ensured both policies and funding to mitigate those rtsks. arUnts hakne beeD prepared In accordance wlth the aOUntIng p()licaes set out in the notes and comply with Ihe Charivs goveming document. thé Charities Act 2011 and.Accounilng and ReFX)rting by Charities: Ststement of Recommended practi appllcable to chaiitles prnparing theiraKounts In ac£ordance vlith the FinancFal Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021. Thls report vrns approved by the Booffl on F¢6Qty 2<> Z MrsA M Pinthiw- T
The Plnchlng Famlty Tnt ststernent of Flnanclal A¢tlvllle8 Ilncludlng summory Income and 0Xpendrn account For the ended 6 April 2025 Unmtri¢tsd Funds Total Total 2024 Incomlng Re80urce8 Incoming Resourcs from Genérated Fund8 Voluntary In)rn8- Glft Donation8 Investment InrA)me Realised profft on Inve81rn8nts Unrealised gains l (Log8es)'on Inve8tsnènts Loan Interest Sundry Income 41,371 14,382 8,395 11,153) 3,000 41,371 14.382 8.395 {1.153) 50.000 7.134 1.150 10.085 3,000 Totsl Incomlng f080UT¢•• . 63.995 71,289 Re80ur¢e8 Expftded Charltable Activlttes Donatlons 14,778 14,776 17,018 8ank Charge8 Inve8knent charge8 Accountsncy Charge8 32 178 32 178 25 278 485 Total re8OUfC•8 •xponded 14,986 14.986 17.804 Not movom•nt In fund• 4?08 49,009 03 Fund balan brought foThyarf at 6 Aprll 2024 428,554 428.554 375,069 Fund bal8nrAJ ¢afrled forward 015 Pprfl 2025 477,563 477,583 428.554
The Plnehlng Famlty Tnt Balance Shootas at S Aprll 2026 2026 2024 Flxed a88ets love3lments 385,847 350,675 Currnnt 0$88ts asti at bank and In hand nebto 31.106 18.769 92.806 78.?69 urrn.nt Llabllltle8 Creditor8 (890) Net cuff•nt a••et• 91.716 77,879 477,563 428,554 Unrn8trlctod funds G8n8ral 477,3 428.554 Totsl fvnd8 477,563 428,554 The finandal statements an p9ge8 3 to 7 approved by the trustee8 on l L | 1016 and s*ned on thelrbehalf by.. Mrs A M Ptnchlng
The Plnchlng Famlty Trust Nots8 fomilng part of tho flnan¢ial Statoments Forthe porlod ended 6 Aprfl 2026 1 cOuntIng Pollde8 (a) Ba81$ of Prnparatlon The finandal slatements are presented in pounds stsrliThJ arKI ar8 rnunded to the neare8t pound. The charity constituteg a public benefft enw as defined by FRS 102. The acuunts have been ppared in accordan with the Statement of ReMMended PrarAi(%'. Accounting and Reporting by Charlttes preparing their a0Unts in acu[dan wtth the Flnancial Reportlng Standard applicable in the UK and Republic of Ireland (FRS 102) Issued on 16 July 2014, the Flnandal ReportiNd Standard applicable In the United lfjngdom and RepubliG of Ireland (FRS 102) and the Charibes Act 2011. Fund accounllng Goneral ful are unrestiicted fund8 wthlth are availabl8 for use at the dlBcretlon of the tnth In furtherance of the general obJectlves of the charity and vthlch have not been designated for other purpo8e8. Investment Income and galn$ arn allocated to the approprfate fvnd. In¢omlng ro•oure•8 All Incomlng r880urca8 are tnduded in the SOFA when the tharity is legally entlled to the Income and the amount (¥n b8 quants'fied with reasonabl8 ac£ur8cy. For18gacles, enlillement Is the earfler of the charity bolng notified of an Impending di8tributlon or the legacy belng received. Glfts in kind donated for diglribution are included at valuatbon and recognized as in(x)me when they are dl8tribuled to t prol8cts. Glfts donated for d18trlbutlon are Induded as income when they are sold. Donated facllltleg are included 81 the value to the charlty where th19 can quantified and a third party Is bearing the o)gt. No amounts arn included in the finandal 8tatements for sery1$ donated by volunteern. Grants, Indudlng grant8 for Ihe purcha888 of fixed a88et8. are rewnlzed In full on tha SOFA In the year In whl¢h they are receivable. Id) RMour¢M oxp•nded All expendilure Is ac¢ountsd lor on an drual$ ba818 and has been dassifted under headings that aggregate all costs relaled to the cate90ry. Where costs cannot be directly attiTbuted to partkajlar headings they have been alloeated to actlviites on a bas18 con8t8tent with of the re80urce. Fund-rn18lng sts are th08e incurred In 8eeklng voluntary eontrlbutlon8 and do not Indude the costs of disseminating infom)ation In Support of the charitable actlvltles. Support costs are those costs Incurred directly In support of expendlture on the objects of the charity and include project management ¢athed out at headquarters. Managèment and admlnlstratlon costs are th088 Incurred In cx)nnecllon vllth adminb8tral¢on of the charity and Mmpllanea w61h n8t[tu110nal and stalutory requirements. Invo8lJn•nts Investments are recognized at Cost tess impaimient where they rnpresent shares In entr.88 that are not publldy traded and the falr value cannot otherwi8è be measured rellably. Invegtrnents in enlitses that are publldy traded ar8 recognlzed at the open market valualion. Oolng Concern The financial 8tatements have been prepared on a golng 0)nrn basis as the Trustees beli&ve that no material uncertaintles exist. The Trustees have CorIdered the level of funds held and t expected of Income arrfl expendlture for12 months from authorizing the8e financial staternents.
Th• Plnehlng Famlty Trust Not88 fornilng part of the flnanclal statements For the porlod ended 6 Aprfl 2025 The budgeted income and expendire is sufficientwtth the level of rw&eNes forthe charity to be able to ntInue 28 a going concern. (g) Debtorn re¢elv4blg wlthln ono year 08btor8 recAl¥ablo wlthln one year ar8 reojrded at transacth)n pri. Any I0e5 art81ng fr Impalmwnt are recognlzed in expenditure. Oonatlons 2026 2024 Oxfam NoThvlch Food Bank St Martins Greenpe8Ce British Red CroB8 Muslcal Keys The Hamlet Eating Mattern Amnesty Intemattonal UK Mediclns San8 Frontier8 WWF-UK 2,400 2.(KlO 2,400 720 2.240 2,000 2,000 720 5,01)0 1,01)0 2.000 1,000 1,000 2,300 2,200 756 756 14,776 17.016 Flxod A••ots - Inve•lment• Inve8tments In Indlvtdual en15tl88 hokl at 5 Aprfl 2025 are over 5% of the portlolto by value are.. 8) The Smlth + Plnchlng Group Llmited ErnOYee Ovmershlp Tru8t 70.840 Loan Notes of £1 each radeemable bolween 31 Octobar 2025 arKI 31 O¢*ber 2033 (2024 £77,740) b) Portfollo olpublldy traded Shares hekl on the Nudeu8 Flnandal platfo'mi are valued at £315,(107 (2024 £272,935) 2025 2024 Plnbly Investsnents Llmited Othor Debtors 60,000 61,500 In a previ$ year. a loan was made to Pinbly Inv88trnents Ltmhted a (ximpany in ththich the Ctrority ovms 28% ofthe ordlnary 8hare8. The loan is repayable on demand arid interest18 charged at a rate of5% perannum.
The Pln¢hlng Famlly Trust Nots8 ftlrnilng part ofthe flnanclal staternnts For the perlod ended S Aprfl 2025 statement of funds At e Aprfl 2024 Incorne Expendlturn At S Aprfl 2025 General r88ON• 56 Totsl unro8lrlcted lun 477 Total ndS Tho Genernl Reserve repro8ents tho free lund$ ofthe charlty, whlch arg not d851gn8ied for partlcular purposes. Aftaty•l8 of not a•8et• boiw•on lund8 Unrostrlctsd Fund Total Fund balanc08 at 5 Aprfl are r•pM•nt•d by: Flxed 8888ts Currènt 386,847 91,718 385,847 91,716 Total net •080ts 477,563 477.583 Tru8tOO'8 remunorauon The tru8te8s nelth8r r8cdved nor walved any ernoluments or expansos durlng the year. Related Party Trnn•acllon• Durfng the year the chfirfty recelved glft ald osh donailor¢ from MrAnno Plnchlng of£7,600 arml the glft of s8curttlo8 valued at £33,871 (at the Ilm8 of gfftlng) from Mr Scott Plnchlng. Both are Tfustees of the Ch8rlty. The Charlty owns shares In Plnbly Investments Llmlled, a company whlch Scott Plnchlng and Ann8 Plnching are DIT8Ctors. The Charfty also has a loan outstandlng of £60,000 lo Plnbly Investments LlmSted.
Tho Plnehlng Famlty Trust Indepeftdent E¥amlftorfs Roport to thè Trn8ieo5 olTh• Plnchlng Famlly TfUBt I reFioit to the chartty tiiBtses on my oxamlnatlon ofthe aco)unts ofthe dwrftyftlrtho yearended 5 Aprll 2025 whlchqr& set out on pages 3 to 7. R08pon8lblllllos ond ba8"Is of report As th8 thar1$ trustees you are responsible for the pteparathjn of the accounts In accordance wlth 1he rnqulrements of the Chqritss Act 2011 ('Iha Act.). I report In respect of my exarnlnatlon of the charitys acmunis carrf8d out under sectlon 145 of lh8 Act and In catylng out my examlhalbn I have followed all the appllcable DirectlonB glvgn by th8 Charlty Commlss'itin nder sectlon 145(5)(b) of the Act. Irmlopandent examlthirf•"atatam•nt I'have o)mplel8d my 8x8minatlon. I confiTh that no materlal rnatte have come lo my attonllon In connecllcri wlth Ihe examinauon'glvlng me cause to. belleve Ihat In any matorfal respect: accxwntlnu Yecords were not kept In respect oftho charfty a8 requlred by s8cllon 130 of tha Act; or Iho acUnts do not accord wlth those record$ the 8ccwnts do riot compty the applloble requlrements c1)nMg 'lhe forn and contsnt ol accounts set out In'lho Fharftl88 (Aoxunts and Report81 Regulalon8 20Q8 oth8r than any requlrement thal tho 8¢0)unts glve 4 'tru8 and falr vlew whlth Is not a matter consldared a8 part of an Independent .. exarnlnatlon. l iw• no con(xm8 and hayp com• across no Other rnattor8 In InneCtIOn wlth tho examlnatlon to whld7 9ttoptton 8hould bo drawn In th18 raport In ordar to enablo a proper undersl9pdlng of the accounts lo be rea¢hed. l A Bartow FCCA Soxty & Co Chartered C8rtlfted Accounl•nts a1 Reglsternd Aidlknrè 124 Thorpe Road NoThvlch NR11RS Dat&. 0410212026