PINCHES TRUST CIO TRUSTEES REPORT FOR THE YEAR ELYDED 31 MARCH 2024 The Itustees, who are also directors of the charity for the purp05¢8 of the Companies Aci. submit their annual report and the accounts for the year ended 31 March 2024. Governittg do¢ument The clwity is operated under the Nles of its Constituiion dated 26 February 2016 and achieved charitable siaNs on 21 Septernber 2016. The Charity is registered at the charities commission as a Charitable Incorporated Organisaiion. Overall managemeni of the charity is the respgnsibilily of the trustees. Day to day project activity is managed by the Trust Secretary. About the eharity The objects of the CIO are as follows'.- The relief of poverty, sickness aTJd distress of people living in the UK. Provi8ion of facilities and activities in the interests of health. welfare. developrnenl or recreation of individua15 who would benefjl from such facilities and actipities with the object of itnproving their quality of life. To act as a resource for communiiies, by provision of a retreat and activity programtne5 which promote physical. menial and spiritual developmeni. In shaping the objectives and Plat￿Ing activities the trnstees have Considered the Charity Cotnmrssions guidan¢e on public benefit. Sutnmary of the Year During the period the Chority made a surplus of £35,724 for the period (2023 surplus £2,145). Public Benefit In shaping our objectives for the year the trusiees have considered the Clwity Commission guidance on public benefit. Rlsk Statement The ¢harity has Considered a range of risks lo which il could be exposed and the Trubtees re¥ularly review the policies and procedure5 which aitn lo miniInise those ricks, ensuring they are adequate. appropriate and complied with fully. The Charity aims to firfer develop it's activities and become more established during the next accounting period. Statement of Trustees Responsibilities Charity Law requires the Trusfees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the ¢hariiy and of the profit and loss of the charity for that period. In preparing the fU￿ncial statements, the Trustee5 are required to'.- select suitable accounting policies and then apply them con8lStently rnake judgements and estimates that are rea8onable and prudent state whether applicable a¢countin8 Standards and statements of recomrnended prdctice have been followed, subject to any deparn]res di.%¢losed and eAplained in the flnancial statetnents. prepare the f]nancial statements on the going conc¢rn basis unless it is inappropriaie to presume thai the clwity will continue in business The Trustees are responsible for ensuring that proper accounting r￿ordS are kepi which disclose with reasonable accuracy ai any time ihe financial position of the charity and to enable them to ensure ihai the financial siatemenis Comply with regulations issued by the Chariiies Commission. The Trustees are also responsible for safe-guarding the assets of the ¢hanty and hence for taking reasonable step5 for the prevention and detection of fraud and other irregularities. APPROVED FOR AND ON BEHALF OF THE TRUSTEES: P R Scott- Chair of Trllstee$ 21, June 2024 P*ge 2 CHAIUTY NO: 1169298 PINCHES TRUST CIO ANNUAL REPORT Af4D ACCOUNTS FOR THE YEAR ENDED JI LWCH 2024 CONTENTS Pages Charlty informatioD Annual report Receipts & payments account Statement of #ssets & iiabilitles r4otes to the financial statements Report of the Independent examlner PINCHES TRUST CIO CIIARITY INFORMATION Registered cbarRty no: 1169298 Date of reglstrltion: 21 Septemb¢r 2016 Governing instrument: consti￿1]0￿ dated 26 Febnw 2016 Tru$tees: Mr P.R. Scott {Chairl Mr P.J. Scott Mrs L.B. Scott Ms T.V Anderson Mr A D Brown Mrs E L Brown Correspolldenee 4ddres$: Epsiicks Lodge Warwick Lane Rainharn. Essex RM13 9EW tndependeDt exarniner: S.G. Duker Fredericks Limited Chartered Ac¢oLmtants 106 Charter Avenue Ilford, Essex IG2 7AD Bankers: Royal BaDk of Scotland Page I PINCHES TRUST CIO TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 The ttustees, who are also directors of the charity for the purposes of the Companies Act, submit their annual report and the accounts for the year ended 31 March 2024. Goi'erning document The charity is operated under the rules of its constitutiort dated 26 Feb￿ary 2016 and achieved charitable status on 21 September 2016. The charity is regIS￿red at the charities commission as a Charitable Incorporated Organisaiioft. Overall management of the charity is the responsibility of the trustees. Day to day projeci activity is managed by the Trust Secretary. About the charity The objects of the CIO are as follows.'- The relief of poverty, sickness and distress of people living in the UK. Provision of facililieq and activities in the interests of health, welfare. development or recreation of individuals who would benefit from such facilities and aciivities with the object of improving their quality of life. To act as a resource for ¢OTnmunities. by provision of a retreat and activity progratnmes which promote physical, mental and spiritual development. In shaping the objectives and planning activities the tru51ees have considered the Charity Commission5 guidance on public benefit. Summary of the Year During the period the Charity made a surplus of £35,724 for the period {2023 surplus £2,145). Publlc Benefit In shap]ng our objectives for the year the trustees have considered the Charity Conllnission guidance on public benefit. Rtsk Statement The charity has considered a range of risks, to which it could be exposed and the Trustee5 regularly review the policies and procedures which aim to minlmise those ricks, ensuring they are adequate, appropriate and complied with fully. The Charity aims to ￿rther develop it's aciivities and become more established during the next accounting period. Statement of Trustees Responsibilities Charity Law requires the TnJ.%tees to prepare financial statements for each financial year which give a tTue and fair view of the state of affair.$ of the charity and of the profit and 105s of the charity for that period. In preparing the fjnancial s¢aiements, the Trnstees are required to:_ select suitable a¢¢ountin8 policie5 and ihen apply them consistently make judgeTnents and estima￿$ that are reasonable and prudent state whether applicable accounting standards and stslemenls of recom]nended practice have been followed, subject to any departures diseloqed and explained in the fmancial statements. prepare the fu)an¢ial statements on the going Concern basis unless it is Inappropria￿ to presume that the charity will continue in business The Trustees are responsible for ensuring that proper accounting records are kept which disclose with reasonable accurdcy at any time the f￿ancial position of the charity and to enable them to ensure that the financial $latement5 comply with regulations issued by the Charities Comffiis5ion. The Trustees are also responsible for safe-guarding the assets of the charity and hence for taking reasonable sops for thc prevention and deteciion of fraud and oiher irregulariiies. APPROVED FOR AND ON BEHALF OF THE TRUSTEES: P R Seott- Chair of Trustees 21" June 2024 Page 2 Pll¥CHES TRUST CIO RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unre$tri¢ted Restricted funds funds 2024 2024 Totxl furyds 2024 Total funds 2023 Income alld expenditure tucomillg resources: Tradillg income Donations 2,000 157,450 2,000 157.450 12,850 73,190 Total incomiDg resources £159.450 £159,450 £86,040 Resources expended: Managemen¢ and administration of the clmrity: Rent, power and adminjstration Repairs and small capital items Marketing & publication$ Stationery and ptinting Ballk charges Professional fees Independent examinauoll Costs Telephone Training Consultancy Groundworks. landscaping & site ¢osts Securiry Sundry costs Insurance Counselling & support 25,886 187 540 206 95 33,963 1,140 1.496 1.780 11,683 19,104 218 2,672 5,93 1 18.825 25,886 187 540 206 95 33.963 1,140 1.496 1,780 11.683 19.104 218 2,672 5,931 18,825 24,709 266 357 70 9,960 1.080 914 9.459 5,659 27,944 447 2,155 875 Total resour£¢s expended £123.726 123,726 £83,895 Net ineotlliDg resources for the period 35,724 35.724 2,145 et movement In fuDd$ £35,724 £35.724 £ 2,145 Th¢ nO￿S on page 5 forni pan of these accounts Pag¢ 3 PINCHES TRUST CIO BALLP4CE SHEET AT 31 LIIARCH 2024 31 MArch 2024 31 March 2023 Notes Fixed assets Tangible fLxed assets Current assets Debtors Cash at bank alld in hand 17,581 86,465 14,481 53,841 104,(>16 68,J22 Less: Current liabilities r4et current assets £104,046 £68,322 Represented by: Restricted funds Unrestrieted funds 104,046 68,322 TotAI funds £104,046 £68,322 No guarantees have been given by the CIO No Charges have been created by the CIO APPROVED FOR A D ON BEHALF OF THE TRUSTEES: P R Scott_ Chair of Trustee$ 21SI June 2024 The notes ¢)n page 5 fom) part of these accounts Page 4 PINCHES TRUST CIO NOTES TO THE FIF4Af4CIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policles Ac¢ouDting conventio The fu]ancial statements have been prepared under the historical cost convention. b) Donations and investment income Donations and investment itwme are accounted for when receive& GTants receivable Grdnts receivable are accounted for over the life of the related project and ll￿tChed against the expenditure applicable. d) Value added tax Costs are inclusive of ityecoverable input value added tax. Fixed &$sets Fixed assets. are charged to the receipts payments a¢¢ount in tbe year of acquisitLOn. Should signiflcant asseis be purchased in forth¢omillg perio(ts the trustees may decide to capiialise SL8nificant capital expenditure. Funds Restricted Fund Unre$trlcted Fulld Tot Funds Balanc¢ brought forward 68,322 68,322 Net incoming resources 35,724 35,724 Balance at 31 March 2024 £104,046 £104,046 Page 5 INDEPENDENT EXAMIL¥ER'S REPORT TO THE TRUSTEES OF PINCHES TRUST CIO FOR TFIE YEAR ENDED 31 MARCH 2024 I report to the trnstees on my examination of the accounts of Pinches Trust CIO (Ihe TNstl for the year ended 31 March 2024. Responsibilities and basis of report AS the ¢harity tn]stees of ihe Trust you ar¢ responsible for the preparation of the ac¢ounts in accordance with the requirements of the Charities Act 2011 I'the Aet'l. I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Cotnmission under section 145(5){bl of Ihe Act. Independent examlner's statement I have completed my examination. I confim that no material maiters have come to my attention in conn¢¢tion with the examination giving me cause to believe that in any material respe¢t'. l. Accountin8 records were noi kept in respect of the TNSI as required by section 130 of the Act; or 2. The accounts do noi accord with those records. 3. The accounts do noi comply with the applicable requirements concerning the forni and content of aceounts set out tn the Charilieb IAc¢ounis and Reports) Regulations 2008 other than any requiremeni that the accounts give a 'trne and fair view. which is noi a matter considered as pan of an indep¢T￿ent examination. I have no concerns and have come across no other matters in Co[￿ectIon with the examinaiion to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. S G Duker FCA Fredericks Limited Chanered Accountants 106 Charter Avenue Ilford, Essex IG2 7AD 8e6 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PINCHES TRUST CIO FOR TIIE YEAR ENDED 31 MARCH 2024 I report to the trust¢¢s on my examinaiion of the accounts of Pinches Trust CIO (the Trust) for the year ended 31 March 2024. Responsibilities and basis of report As th¢ charity trustees of the Trust you are responsible for the preparation of the accounts in accordan¢¢ with the requirements of the Charities Act 2011 {'the Act.). I report in respect of my examination of the TTUSt's accounts earried out under section 145 of ihe 2011 Act and in carrying out my examination I hav¢ followed all the applicable Direciions given by the Chariiy Commission under section 14515llb) of the Act. Independent examlner's stAtemelll I have completed my examination. l ¢onfirn) that no material matters have come io my aitention in connection with th¢ examination giving me Cause to believe thai in any material respect.. l. Accounting records were not kept in respect of the TnLS¢ as required by section IJO of the Aci., or 2. The acctsunts do not accord with those records. 3. The accounts do not comply with the appli¢able requirements concerning the fom and content of accounts set out Én the Charities IAc¢ounls and Report51 Regulations 2008 other than any requiremeni thai the accounts give a 'true and lair view. which is noi a maiter ¢onsidered as part of an independent examination. R have no concerns and have Come across no other matters in co[￿eCtion with the examination to which attention should be dra￿7 in this report in order ¢0 enable a prtspeT understanding of the accounts to be reached. S G DukerFCA Fredericks Limited Chartered A¢¢ountants 106 Charter Avenue Ilford, Essex IG2 7AD Page 6