CharSty registration number 1176068 O'BRIEN CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL sfATEMENTS FOR THE YEAR ENQED 31 MARCH 2024 O'BRIEN CHARITABLE Trusr LEGAL AND ADMINISTRATIVE INFORMATION Mr P N O'8rien Mr W Insklp Mlss V J O'Brlen Charlty number 1176068 Prindpal address Manor Cottage Church Lane Cubbington Leamin8ton Spa Warwltkshiie England CV32 7JT Independent examlner TCGroup Celhxir House Strattord Buslness & Technology Park Innovation Way, Banbury Road StratFoTd-upon-Avon Warwtckshire United KÉngdom CV37 7GZ O'BRIEN CHARITABLE TRUST CONTENTS Pa8e Trustees report Independent examiner's report Statement of financial attivities Balance sheet Notes to the financial ststements 6-11 O'BRIEN CHARITABLE TRUST TRUSTEES AEPORT FOR fHE YEAR ENDED31 MARCH 2024 The trustèes present their annual report and financial ststements for the year ended 31 March 2024. The financial ststements have been prepared in accordance with the accounting policies set out in note I to the financial statements and comply with the charity's tgoverninB documentl, the Charities Act 2011 and"Accounting and Reporting by Charities: Statement of Recommended Practice applicable to choritie5 preparing thelr accounts In accordance with the Financial Reporn"ng Stsndard applicable in the UK and Republic of Ireland IF16 1021" (effective l January 20191. Oble¢ti¥es and actlvltles The ch3rtty's objective is to support such general tharitsble purposes as the trustees may in their absolute discretion determine in the Midlands. Si8nlfi¢ant artivities, a¢hlevtm¢nts and perfomiance Durtng the year, the charity has held various fijndiaislng events and ,along with the donation recwved from O'Brien Contrattors ￿mIted, has been able to make donatfons out to oiher varlou5 chailttes as decided by the trustees. Publi¢ benefit The Trustee5 confirm that they have complied wbth thelr duty under Sectton 4 of the Charities Act 2011 to have due regard to the Charity Commission's general gL¢idance on public benefit. Volunteers The charity doe5 not utilise volunteers to assist with their work. Rnanclal review The net Ios5 for the period was £5,757, comprisin8 totsl incoming resources of £58,271, and total resources expended of £64,028. The charity's total funds for the period were a surplLtrS ts* £6.637. Re5erve5 poli The Trustees review the level of unrestricted reserves to ensure that they charity h45 SLrflicÈent funds to meet expendlture requirements. The Trustees conslder that the current level of unrestricted reserves is adequate. Strurtur¢. 8ouernano and mana8Èment The charity Is controlled by its governing document, a deed of trust and constitutes an unlncorporated charlty. The trustees who served during the year and up to the date of slgnature of the fi'nancial ststements were= Mr P N O'Brien Mr W Inskip Miss V J O'Brien Recruitmentandoppointment of tiustees Trvstees may be appointed by eKistsng Trustees in accordance with the Trust Deed of the Charity. New trustees vndergo an orientation process to brief them on their legal obligatlons under charity law, the charity's governirkg documents, the commlttee and decision making processes, the buslne55 plan and recent financial performancè of the tharity. Durin8 the induction process they meet other trustees. Trustee5 are encouraged to attend appropriate external and internal trainin8 events which wlll assist them in carrying out their role. O'BRIEN CHAR ￿ABLE TRU TRUSTEES REPORT {CONTINUEDI FOR THE YEAR ENDED31 MARCH2024 Rlsk management The trustees have a duty to ideniTfy and review the risk5 to which the charity is exposed and to ensure approprlats cofttrols are in plate to provide reasonable assurance against fraud and error. The trustees report was approved by the Board of Trustees. Mr W Inskip Trustee 20 December 2024 O'BRIEN CHARITABLE TRUST INDEPENDENT EXAMlhlER'S REPORT TO THE TRUSTEE5 OF O'BRIEN CHARITABLE TRUST I report to the trustees on my ex3mination of the financial statements of O'Brien Charitsble Trust Ithe charityl for the year ended 31 March 2024. R•sponslbllltfès and ba$is of rèport As the trustees of the charity you are responsible for the preparatton of the financial statements Ir* accordance with the reqLtlremeAts of the Charitfes Act 2011 (the 2011 Act). I report in respect of my examination of the charity'5 financial statements carried out under sethon 145 of the 2011 Act. In carryinB out my examination I have followed all the applicable Dire¢iions given by the Charity Commisslorb under settion 14515llbl of the 2011 Act. Independent examiner's 5tstement Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporknng by Charities preparing their accounts in accordance with the Financial Reputing Standard applicable in the UK and Republic of Irelaftd IFRS 1021 in preference to the Ac¢ountin8 and Reporting by Char6tles.' Statement of Recomwnended Practice i55ued on l April 2005 which 15 refewred to in the eXt￿t regulations but has now been withdrawn. l understand that thls has been done In order for flnanclal statements to provide a true and tsir view a¢cord8n¢e with Generally Accepted Accounting Practice effective fow reporting periods beginning on or after I January 2015. I have completed my examinatlon. I conh.rm that no matter5 have come to my attention In ¢onne¢ti¢n whh the examination giving me cause to believe that in any material re5peLt= accounting fecords were not kept in respett of the charity as reouired by section 130 of the 2011Att,' 01 the linancial statements do not accord with those records.. or the financial statement5 do not comply with the applicable requirements concerning the fom and content of accounts set out in the Charities IActounts and Reports) Regulations 2008 other than any requirementthat the accounts glve a true and falr view which Is not a matter Considered as part of an Independent examination. I have no concerns and have come across no other matters in connection with the examination to wh￿h attention should be drawn in ihi5 report in order to enable a proper understanding of the th"nanci31 statsments to be ached. Ic o.. TC Group Celixir House Stratford Business & Technology Park Innovation Way, Banbury Road StratFord-upon-Avon Warwickshire CV37 7GZ United Kingdom Dated.. 20 Llecember 2024 O'BRIEN CHARITABLE TRUST STATEMENT OF FINANCIAL A￿1VITIEs INCWDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED31 MARCH2024 Unrestrlrted funds 2024 Unrestrlcted funds 2023 Not•s Income from: Donations and legacies 58,271 61,135 Totsl Income 58,271 61,135 Expendlture on: Charitsble activities 64.028 74.850 Total expendltu 64,028 74,850 Nèt expendlture and mo¥Èm¢nt In funds 15,7571 113,7151 Recon¢511atlon of funds: Fund balances at l April 2023 12,394 27,109 Fund balances at 31 March 2024 6,637 13,394 The statement of linancial activities includes all gains and losse5 Tecognised in the year. All Ir*ome and expenditure derive from continulng activlle5. O'BRIEN CHARITABLE TRU 8ALANCE SHEEr ASAT31 MARCH 2024 2014 2023 Notes Current assets Debtor5 Cash at bank and In hand 1,350 26,208 1,0 35,092 27.558 36,092 Creditors: amounts f￿lIng dye vAth5n (me year 120,9211 122,6981 Net ¢urr¢nt assets 6,637 13.394 Net assets 6,637 13.394 The funds of the charlty Unrestricted tunds 6,637 13.394 6.637 13,394 The financial statemefits werè approved by the trustees on 20 December 2024 Mr W Inskip Trustee O'BRIEN CHARITABLE TRUST NOT￿ TO THE FINANCIAL sfATEMEPITS FOR ThE YEAR ENDED31 MARCH2024 Accountln8 poIIti*s Charlty Ib)formation O'Brien Charitsble Trust is a unincorporated charity. 1.1 Atcountlrtg tonvention The financial ststements have been prepared in atcordante with the charity's tgoveming documentl, the Chaiities Act 2011, FRS 102 "The Financial Reportin8 Stsndard applicable in the UK and Republic of Ireland" I"FR5 102.1 and the Charities SORP "Accounting a￿￿ Reportiw)8 by Charities-. Statement ol Recommended Practice applicable to charlties preparÈng their 3¢counts in accordance with the Financ￿1 Reporting Standard applicable in the UK and ItÈpublit of Ireland IFRS 1021" (effective l January 20191. The charity is a Publlc 8enpfft ErEtity as defined by FRS 102. The charity has tsken advantsge of the provislons the SORP for charities not to prepare a Statement of Cash Flows. The financial ststèmertts have departed from the Charities (Accounts and Reports) RegulaOon$ 2008 only to the extent required to provide a true and fair view. This departure has involved ft)Ilowing the Ststement of Recommended Practice for charities applysng FRS 102 rather than the ver5ton of the Statement ol Recommended Practice which is refe￿ed io in the Regulations which has since been withdrawn. The financSal stattments are prepared in sterling, which is the funthonal currency of the chaiity. Monetsry amounts in these financial statements are rounded to the neayèst £. The fi'nancial ststements have been prÈp3red under the historical cost convention. The principal aQoUn￿ng policies adopted are set oltt below. 1.2 Charltsble funds Llnrestricted funds are available lor use at the discretion of the trustees in furtherance of their tharitsble obthecttves. Restricted fvnds are subject to speclfit condltfions by donors or grantor5 as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial ststements. Endofftent funds are subjert to speclfic conditions by donors that the capital must be maintsined bythe charity. 1.3 Income Income is recognised when the ch3rity is legally entitled to it after any performance condldons been met, the amounts can be measured reliably. and it is probable that income will bè receivèd. Cash donations are recognised on receipt. other donation5 are recognised once the charity has been notifted of the donation. unless perft>rmante tondityons require deferral of the amount. Income tsx recoverable in ￿13￿0￿ to donations ieceived under Gift Aid or deeds of covenant is recognised at the tlme of thè donatfon. 0'8RIEN CHARITABLE TRUST NOTES TO THE FINANCIAL sfATEMETrtrs ICONnNUEDI FOR THE YEAR ENDED 31 MARCH2024 Ac