REGISTERED CHARITY NUMBER.. 1161398 TRUSTEES, REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED JIST DECEMBER 2023 FOR TRIPLE T CHARITABLE TRUST Martin and Company 25 St Thomas Strcct Winchester Hampshire S023 9HJ
TRIPLE T CHARITABLE TRUST CONTENTS OF THE FIJYANCIAL ST ATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 Page Reference and Administratlve Detsils Trustee5' Report Independent Examlner's Report Statsment of Flnancial A¢tivities Balance Sheet Notes to the Financial Statements 7 to 10 Det¥iled Statement of Financiwl Activities
TRIPLE T CHARITABLE TRUST REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR FNDED 31ST DECEMBER 2023 TRUSTEES Mrs Teri Spain Miss Tian Spain Gary Beer PRINCIPAL ADDRESS 25 St Thomas Street Winchester Hatnpshire S023 9HJ REGISTERED CHARrrY NUMBER 1161398 INDEPEf4DENT EXAMINER Martin and Company 25 St Thomas Street Winchester Hampshire S023 9HJ INVESTMENT ADVISORS JM Finn 4 Walcote Pla¢¢ Winchester Hampshire S023 9AP Page I
TRIPLF. T CHARITABLE TRUST TRU.STF.ES' RF,PORT FOR THE YEAR ENDED 31ST DECbMBF.R 2023 -l-he trustees present their report with the financial stalemenis of the charity for ihe year endcd 3 1st December 2021. Thc trustee8 havc adoptcd the Provisions of Ac¢ounting and RÈpiJrting by Charitics= Sthtcment of RecoTllTnended Practice applicable to charities preparing their accounts in accordance with thc Financial Reporting Standard applicable in the IJK and Republic of Ireland {FRS 102) {effective l January 2019). Legal and adininistrative inforniaiion set out on the information page forms part of this rcport. OJIJECTIVES AND ACTIVII'ILS Objectives and aim5 The obj¢¢ts of ihe charity are to make grants to any charilies and for any charitable purpose as the trustees in their absolute discretion deem appropriate. Public beiiefit The Truslees tonfirni they have complied with the duty in section 17 of the Charities Act 2011 and have taken account of thc Chai'ity Cominission's general guidaDLe on public benefit. The benefils that aris¢ from the aims of The Triple T Chariiable Trusi is 10 make granrs in the furtherancc of its vbj¢¢¢ivES. ACHIEVF.MF.NT Af4D PF.RFORMANCE Ch#rit2ble ietivities During the year donations received, including gift aid amounted to £37,512 and inve51ment income £8,596. Total cxpcnditurc ami)untcd to £132.645. tirants totalliDg £124,000 w¢r¢ made io ninc charitable organi.%alii)ns {2022.. £7,900) the details olwhich can be seen in the notes to thc accounts, 'l-hese hav¢ b¢en made in line wilh the charity's objectivcs. FINANCIAL REVIEW inanciol p051tio As at 31 December 2023 the funds of the charity amounted to £432,207 (2022.. £486.994). R¢serv¢¥ policy It is ihe PL)licy of ihe charity that monie5 not required for immEdiate purposes of ihe charity are invested in a bank deposil account. The charity aims to keep only a minimal level of fr¢¢ reserves, the majority of the unrestrict¢d funds of the charity being invesied as detsiled above io produce future income for distribulion. Going eonecrn The Trustees have satisfied themselves that the charity is a going concem aDd has adequate resources to continue in OPCTatinnal cxistcncc for thc forcsc¢able future. The charilable aciivities are funded by the investment portfulio and alihough Covid-19 has had a negativ¢ impacL the portfolio has Su7(1¢nt Vdlu¢ to support future gran¢s making. STRUCTURE, f>QVERNANCE AND MANAGFMENT Governing dncurnent 'l-he charity was establishcd by a charitablc trust deed dated 12 Ficbruary 2015. Recruitment and appointmenl of new trustees The power of appointing new trustees is vested in lh¢ trustees or the majorlty of trustccs should th¢rc be more thall two in nujnber. OrRAntsallonal stru¢ture The day to day adrninislration of the Lharity is ¢arried out by Mrs Teri Spain in conjunction with her fellow trust¢es. Page 2
TRIPLE T CHARITABLE TRUST TRUSTF,F.S' REPORT FOR THE YEAR ENDF.D 31ST DECEMBER 2023 STRUCTURE. C.OVERNANCE AND MAP4AGEMENT Risk management The Irusrees have & duty to identify and review the risks to which thc charity is exposed and to ensur¢ appropriatc controls are in place to provide reasonable assurance againsi fvaud and error. The trustees have examined where there may bc risks which thc charity could facc and confirni that Systems havc been established io enable stepb to be taken to mitigate. risks. The trustees do not eornmit funds until they are available. AppVed by order ofthe b¢iaTd ()f tyustees otra.. 7. s.2rJ2... . and signed on its behalf by.. Mrs Teri Spain - TNstee Page 3
INDEI?ENI)LNT EXAMINER'S REPORT TO I'Hb'l'RUSTFFS OF TRIPLC T CHAKI'fAiILL TIIU.ST Independent exgminer's report to the trustees of Triple T Charitable Trust I report to the charity trustees on my examination of ihe accounts of Triple T Charitable Trust (thc Trust) for the year ended 31 st l)ecember 2023. Responsibilities 8nd b95is of report As (he chdriiy trustees ol. Ihe .1 rust you are responsible for th¢ preparation of the accounts in accordance with the quirements ofthe Charilies Aci 2011 {'the Act'l. I report in respecl of my examination of the Trust's accounts curried out under SeLtion 145 of the Act and in carying out tny ¢Xdmination I hav¥ followed all applicable Directions given by (he Charity Comtnission under Section 145(5){b) of the Act. Indtptndcnt cx*mSner's statcmcnt I have coinpleted my cxamination. l confimi thai no material matters have come io my attention in ovnne¢iion with the exaininaiion giving mc cause to bclicve that in any material respcct.. accouniing rccords were not kept in rospect of the-l rust as rcquired by Section 130 of the Act- thr the accounts do noi accord with those records,. or the account5 do not comply with thc applicable requiren)ents conccrning the form and conteni of accounts set out in the Charities (Accounts and Rcports} Regulations 2008 other than any requiremcnt that the a¢caunts give a true and fair view which is not a matter considered as part of an illdependent examination. I have no concerns and hav¢ come across no other matter5 in connection with the examinaiion to which attcntion should be drawii n this repori in order lo enable a proper unders¢anding of the accounts to be reached. 1115 McLaughlin Martin and Company 25 %t-l-homas Street Winchester Hampshire S023 911J l)ate'. Page 4
'rRIPLE T CHARITABLE TRUST STATF.MF,NT OF FINANCIAL AcfJviTIES FOR THE YEAR ENDED 31ST DECEMIIER 2023 2023 Unrestrieted fund 2022 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and l¢gacies 37,512 37,523 Investment income 8,596 6,764 Total 46.108 44,287 EXI>ENDITURE ON Raising funds 2,705 2,774 Charitable activilies Charitable giving 129,940 10.465 Total 132.645 13,239 Nei gainsl(lossesl on investments 31,750 (76,150) r4ET If4COMEI(EXPENDITURF.) (54,787) (45,102) REICONCILIATION OF FUNDS Total fund5 brought forward 486,994 532.096 TOTAL FUNDS CARRIED FORWARD 432,207 486.994 The notes forni part of th¢5¢ financial statements Page 5
TRIPLE T CHARITABLF. TRuwr IIALANCE SFIF.ET 31ST DECEMBF,R 2023 2023 Unregtricted fund 2022 Totsl funds Notes FIXED ASSETS Inyestrnents 10 41638S 430,252 CURRENT ASSETS Debtors Cash at bank 7,500 9,862 7,500 50,682 17,362 58,182 CREDITORS Amounts falling due within one year 12 (1,440) (1.440) NET CURRENT ASSETS 15,922 56,742 TOTAL ASSETS LESS CURRENT LIABILII'IES 432.207 486,994 NET ASSETS 432,207 486,994 FUNDS Unrestricted funds 432,207 486,994 TOTAL FUNDS 432,207 486,994 The financial statements were approved by the Board of Trustees and authorised for issue . and were SI1¢d on its behalf by.. on Teri Spain- Tru51ee The notes fom part of these financial sta¢ernents Page 6
'rRII>Lb T CHARITABLF. TRUST NOTF,S TQ'fHE FINANCIAL STATEMEN'rs FOR I'HE YEAR F.NDF.D 31ST DECEMBER 2023 STAI'U"I"ORV INFORMATION The I'riple T Charitable Trust is a charity registered in Lngland and Wales. The charity's registered number and regislered address can be found in the Ti'usiees, Report. ACCOUNTING POLICIES BSiS of preparing the financial stalements The financiul statem¢llts uf (he charity, whiLh is a publi¢ benefit ¢ntiry undtr FRS 102, knve been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Chariti¢s.' Statement of Recommended Practice applicable lo charit1¢5 preparing iheir accounts in JccordaThce with the Financial Reporting .8tsndard applicable in the UK and Republi¢ of Irelynd (FRS 102) {¢ffe¢tiv¢ l January 2019),, Financial Reporting .8tandard 102 'The Financial Reporting Standard dpplicable in the UK and Republic of Ireland, and thc Charities Aci 2011. Thc finanLial statements have been prepared under the historical cost convention, with the exception of invc8tmenls which are illcluded at mLwkei value, as tnodified by the revaluaiion of certain assets. 'I'he financial statements have becn prepared to givc a 'true and faiW view and have depart¢d from the Charities (Accounts and Repons) Rcgulations 2008 only to the exicnt required to provide a 'true and faiE view. This departure has involved lollowing Accounting and licporting by Charities prep8ring their accounts in accordance wilh the Financial Reporiing Standard applicable ii) the UK and Republic of Ireland (PRS102) issued in October 2019 raiher than the A¢¢ouniing and Ileporting by Charitics.. StatemeT)t of Recoinmcnded practic¢ effective from 1st April 2005 which has since been withdrawn. The tru5te¢s ¢onsider that there are no malerial uncertainties about the Charit)Ps ability to coniinue as a going concern. Ineome All incoine is recognised in the Statement of Financial Aclivitie5 onle the charity has entitlement to the funds, it is probable that the income will be received and th¢ amount can be mea5ur¢d reliably. Lxpcnditure Liabilitie5 are rccognised as expendiiure a5 soon as there is a legal or constru¢iiV¢ obligation committing the charity ro ihai expcndilurc. it is probabl¢ that a iransfcr of ¢conoTnic benefiis will be required in settlement and thc amount ofthe obligation can bc measured r¢liably. F.xpcnditure is accoiinted for on an a¢¢ruals basis and hds bccn classified under headings that aggrcgate all cost related to the caiegory. Where Costs cannot be dir¢¢ily aiiributed io particular hcadings they havc been allocated to activities on a basis COD515tent with the use of resources. Grants offered 5ubje¢i to condition5 whi¢h have not been met at the year end dale arc noted as a eommitment but nut as expenditure. Taxutiun The charity is exempt froin on its charitable activiti¢s. Fund aceountln8 All funds held by the ¢h&rity are unrestricted general funds which can be used in accordance with the charitable objcctivcs at thc discrelion of the trustees. Invcstments Stocks and shares quotcd on the Lnndon Stock Exchange arc included in Ihe balan¢¢ 5h¢et at their market valuE at thc ycar et)d. The differences betwe¢n thc markct value and the carrying value of the invesimenis are included in the Staternent of l.'it)ancial Aciivitics. No unquoted investments arc held. Profits and losses arising an the disposal of invcstments arc included in the Statement vf Financial Activities. Page 7 continucd...
TRIPLE T CHARITABLE TRUST NOTC1.% TO THF, FINANCIAL.STATEMENTS- eonlinued FOR TIIF. YF.AR ENDED 31ST DC4CEMBER 2023 INVESTMF.NT INCOMF. 2023 2022 Portfolio incoTn¢ 8,596 6,764 RAISING FUNDS Inv¢51ment eosts 2023 2022 Portfolio management 2,705 2,774 CIIARITABLE ACTIVITIES COSTS Grant funding of Support custs (se¢ ilote 7) {see note 6) Total. Charitable giving 124.000 5,Y40 129,940 GRANTS PAYABLF. 2023 2022 Charitable giving 124,11110 7.900 The totsl grants payabl¢ lo inslituthon5 in the year were as follows.. 31.12.23 31,12.22 Holbrook AniTnal Res¢U¢ Meolical Aid for Palestinians Choose IAive Disastcrs Emergency Committee- Turkey-syria F.arthquake Appeal IINHCR People for Ethical Treatment of Anima15 rrcedom from Tortur¢ Dog5 '1'rust Worldwide Off the Fence Trust Ltd Disasiers Emergency Committee- Ukraine Humanitarian Appeal Soleni Mind Su5%ex EmTlliiUS Maric Curie Cancer Care iou,000 7,000 5,000 s,000 3,000 1,000 I,noo 1,000 1,000 5,000 1.000 1,000 500 124,000 7.900 Pag¢ 8 continu¢d...
TRII'LE T CHARITABLF. TRUST NOTES TO I'HTr, FINANCIAL STATEMENTS- contiDD¢d FOII I'HE YEAR F.NDFD 31ST DECF.MIIF.R 2023 SUPPORT COSTS Governance costs rinance Totals Charitable giving 4,500 1,440 5,940 Support costs, in¢lud¢d in the above, are as follows.. Finance 2023 Charitable giving 2022 Total activities Bank charges 4,500 1,125 Governance costs 2023 Charitsble giving 2022 Total activities Accountancy and legal fees Ind¢pendent examination 1.440 720 720 1,440 1,440 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, r¢muneration or other benefits for the year ended 3 1st Dcc¢rnb¢r 2023 nor for thc year ¢nd¢d 3 1st December 2022. Trustces, expenses There werc no truste¢s' exp¢ns¢s paid for the year ¢nd¢d 31s¢ December 2023 nor for the year ¢nd 3 1st December 2022. .STAFF COSTS 1'h¢r¢ are no ¢mploy¢es so consequently no staff costg have been incurred. Page 9 continued...
TRIPLF T CHARITABLE TRUST NOI'bS TO THF. FINANCIAL STATF,MENTS- eontinued FOR THE YEAR ENDF.D 31ST DECEMBF.R 2023 io. FIXED ASSET INVESTMENTS Lisl¢d investments MARKET VALUE At I st January 2023 Addition5 Disposals at carying value Revaluations 430,252 20,917 (67,913) 33,029 At 31st l)¢¢¢mb¢r 2023 416,285 NET BOOK VALUE At 3 1st Decembw 2023 416.28$ Ai 31 st D¢¢¢tnber 2022 430,252 Fixed a55et investm¢nis were valued on an opcn tnarket basis on 315t December 2023 by J.M. Finn & Co. Ltd. If th¢ investments had not been revalu¢d th¢y would have been included at the historical cost of £320,377. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Othcr debtors 7,500 7,500 12. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Oih¢r ¢r¢ditors 1,440 ,440 13. RF.LATF.D PARTY DISCLOSURES There were no related party transaction5 for th¢ year ended 315t December 2023. Page 10
'rRIPLE T CHARITABLE TRUST DETAILED STATFMf4,NT OF FINANCIAL ACTJVITIES FOR'I'HE YEAR F.NDED 31ST DECEMBER 2023 2023 2022 INCOME AND ENDOWMENTS DonAlion5 and lega¢ieg Donations Giftaid 30,000 7.512 30,000 7,523 37,512 37,523 Investment Income Portfolio income 8,590 6,764 Total incoming resources 46,108 44.287 EXPENDITURK Investment man9gem¢nl costs Portfolio mJnag¢ment 2,705 2,774 Charltable activities Grants io in5titution5 124,000 7,900 Support costs Finance Bank charges 4,500 1.125 Governance co$t5 Accountancy and legal fees Independeni examination 1,440 720 720 1,440 1.440 Total r¢sources expendcd 132,645 lJ,239 Net {expendlture)Ilneomc before gains losse5 (86,537) 31,048 Realised recognised g8in5 and losses Realised gain5J(1055es) on fixed asset investmcnts 31,7SO (76,150) Net expendlture 1$4,7117) (45,102) This pag¢ do¢s not fomi part of the statuiory financial statetnents Pagell