Charity re4i*trnlSon number 1176068 O'BRIEN CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 0'8RIEN CHARITABLE TRUST LEGALAND ADMINISTRATIVE INFORibAAYION Trustees Mr P N 0'8rien Mr W Inskip M15s V J O'Brien Charlty number 1176068 Prirt¢lpal address Manor Cottage Church Lane Cubbington Leamington Spa Warwick5hire En8land CV32 7JT Independent examiner TC Group Celixir House Strarford Business & Technology Park Innovation Way, Banbury Road Stratford-upon-Avon Warwickshire United Kin8dom CV37 7GZ O'BRIEN CHARITABLE TRUST CONTENTS Page Trustees report Independent examiner's report Statement of financial activities Balance sheet Notes to the fr'narttial statements 6-11 O'BRIEN CHARITABLE TRUST TRVSTEES REPORT FOR THE YEAR ENDED31 MARCH2025 The trustees present their annual report and financlal statements for the year ended 31 March 2025. The financial statements have been prèpared in accordance with the atttsLtnting policies Set out in note I to the financial statements and comply with the charity's18overning documentl, the Charities Act 2011 and"Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparirsg their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republlc of Ireland IFF6 1021" leffective l January 20191. Oble¢bves and a¢tMties The charity's objertive 55 to support such general charitsble purposes as the trLtstees may in their absolute discretson determine in the Midlands. Slgnificant artivitlès. achievements and performance During the year, the charity has held various fundraising events and ,along wlth the donation received from O'Brien Contrattors tirnited, has been able to rnake donations out to other various charities as declded by the trustees. Publlc beneflt The Trustees confirm that they have complied with their duty under Secrion 4 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit. Voluntèers The charity doe5 not utilise volunteers to assist with their work. Financlal review The net 105s for the period wo5 £2,130. comprising total incoming resources of £66,336. and total resources expended of £68,466. Vhe charity'5 totsl funds for the period were a Surplus of £4,507. Reserves policy The TrL*Stees review the level of unrestricted reserves to ensure th3t they charity has Sufficient funds to meet expenditure requlrement5. The TrLtstee5 consider that the current level of unrestricted reserves is adequate. Structure. 8ovÈrnance and management The charity IS Colltrolled by its governing document, a deed of trust and constitutes an unincorpDrJted charity. The trustees who Served during the year and LIP to the date of Signature of the financial statements were.. Mr P N O'Brien Mr W Inskip Miss V J O'Brien RecrU￿tment andoppointment of trustees Trustees may be appointed by existing Trustees in accordance with the Trust Deed of the ChaTIty. New trustees undergo an ortentation process to brief them Dn their legal obligations under charity law. the charity's governing documents, the committee and decision rnaking processe5. the buslness plan and r&ent financièl performante of the charity. During the induction proces5 they meet other trustees. Trustees are encouraged to attend apprDpriate exrernal and internal Irainsng events which will asslsr them in carrying out their rose. O'BRIEN CHARITABLE TRUST TRUSTEES REPORT {CONTINUEDI FOR THE YEAR EldDED 31 MARCH 2025 Rlsk management The trustee5 have a Iluty to identify and review the ri5k5 to which the charity is exposed and to ensurè appropriate controls are in place to provide reasonable assurance against fraud and error. The trustees report was approved by the Board of Trustee5. Mr W In5kip Trusttè 5 December 2025 O'BRIEN CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF O'BRIEN CHARITABLE TRUST I report to the trustees on my examlnation of the financlal statements of O'Brien Charitable Trust Ithe charity) for the year ended 31 March 2025. Responslbllltles and basis of report A5 the trustees of the charity you are responsible for the preparation of the financial Statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). I report in re5pett of my examination of the charity's financial statements carrled out under section 145 Of the 2011 Acr. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examiner's statement Your attention ts drawn to the fact that the eharity has prepared financial ststÈmÈnts in accordance with Actounting and Reportin8 by chèritr.es preparing their accounts in accordance with the Financial Reporknn£ Stsndard applicable in the UK and Republic of Ireland IFRS 1021 in preferellce to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on l April 2005 which is referred to in the eXt￿t re8ulations but has now bÈen withdrawn. l understand that this has been done in Ofder for finaricial statements to provide a trup and fair view in accordance with Generally Accepted Accounting Practice effective for reportin8 periods beginning on tsr after I January 2015. I have completed my examination. I confirm that no Matte￿ have come to my attention in connection with the Èxamination giving me cause to believe that in any material respect.. accounting records were not kept in respect ol the charity a5 required by 5Èth0n 130 of the 2011Att,' or the tinancial statements do not accord with those rècords.. or the financial statements do not comply with the applicable requirements concerning the fom and content ol account5 set out in the Charities IAccounts and Reports) Regulations 2008 other than any requirementthat the account5 give a trLte and fair view which is not a matter considered as part of an independent examination. I have no concerEss and have come acro55 no other matters in connection with the examination to whKh attentlon should be drawn in this report in order to enable a proper understanding of the financial ststement5 to be reached. P¢b TC Group Celixir House Stratford 8u5iness & Technology Park Innovation Way, Banbury Aoad Stratford-vpon-Avon Warwickshire CV37 7GZ united Kingdom Dated.. 5 December 2025 O'BRIEN CHARITABLE TRUST STATEMENT OF FINANCIAL ACTVI￿lEs INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR EJVOED31 MARCH2025 Unrestricted funds 2025 Urhrestrlrted lunds 2024 No¥tes Income from: Donations and legacies 66,336 58,271 Totsl income 66,336 58,271 Expendlture on: Charitable activities 68.466 64,028 70ts1 expenditure 68,466 64,028 Nèt Èxpendlture and movement in furhds 12,1301 15,7571 Reconciliation of funds: Fund balances at l April 2024 6,637 12,394 Fund balances at 31 Ma￿h 2025 4,507 6,637 The statement of financial activities include5 all gains artd losses recognised in the year. All income and expenditure derive from ¢ondfiuing activities. 0'8RIEN CHARITABLE TRUST BALINCE SHEET Af31 MARCH2025 2025 2024 Note5 Current assets Debtors Cash at bank and in hand 1.350 26,208 28.109 28,109 27,558 Creditor5: amounts falllng due wlthln one year io 123,6021 120,9211 Net current assets 4,S07 6,637 Net assets 4,507 6,637 The funds of the ¢harlty Uniestricted funds 4.507 6,637 4,507 6,637 The financial statements were approved by the trustee5 on 5 December 2025 Mr W Inskip Trusteè O'BRIEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2025 A¢tountiftg pollctès Charfty Informatlon O'Brien Charitsble Trust Is a unincorporated charity. 1.1 Accounttng convention The financial statements have been prepared in 3c¢ordance with the charity's Igovernin8 documentl, the Charities Act 2011, FRS 102 "The Financial Reporting StaThdard applicable in the UK and Republic of Ireland" I"FRS 102,1 and the Charitie5 SORP "Accounting and Reporring by Charities.. Statement ol Retommended Practice applicable to charikn'es preparing their account5 accordance with the Financlal Reporhng Stsndard applicable in the UK and Republi¢ of Ireland IF￿ 1021 (Èffective l January 20191. The charity is a Public Benefit Entity as delined by FRS 102. The charity has taken advantage of the provisions In the SORP for charities not to prepare a Statement of Cash Flows. The financial statem8nts have departed from the Charities IAccounts and Reports) Regu13tions 2008 only to the extent required to provide a true and fair view. This departure has Fnvolved following the Statement of Recornmended Practice for charitie5 èpplying FRS 102 rather than the version tsf the Ststement of Recornmended Practice which is referred to in the Regulations but which has since been wlthdrawn. The financial statements are p￿pared in sterling, which is the functional currericy of the charity. Monetary amounts in these financial statemErits are rounded to the nearest £. The financial statements have been prepared under the hi5torlcal cost convention. The principal accounb.ng policies adopted are set out below. 1.2 Charitable funds Unrestricted funds are available for use at the di5rrÈtion ol the tTVStee5 in furtherance of their charitable objÈckn"ves. Restricted funds are sijbject to specific condtt£ons by donors or grantors as to how they may be sjsed. The purposes 2nd Ltse5 of the restricted funds are set out the note5 to the Ilnancial statements. Endowment funds are subject to specific Conditions by dorK)r5 that the capital rnust be maintsined by the charity. 1.3 Incomè Income is recognised when the charlty Is legally entitled to it after any performance conditions h*È been met, the amounts can be measured reliably. and it is probable that income will bè received. Cash donations are recognised on receipt. Other donations are rÈcognised once the charity ha5 been notr'fied of the donation, unless performance conditions require deferfdl of the amount. Income tax reeoverable in relation to donations received under Gift Aid or deeds of covenant 15 recognised at the time of the donation. O'BRIEN CHARITABLE TRUST NOTE5 TO THE FINANCIAL sfATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH2025 Accounting policies Icontinuedl Legacies are recognised on reeeipt or otherwise if the charity has been notified of an impending distribLttion, the amount is known, and receipt is expected. If the amount IS nQt known, the legacy is treated as a contingent asset. 1.4 Expenditure Expènditure is recogni5ed onee there 15 a leyl or constructive obligation to transfer economic b￿etit to a third party, it Is probable that a transfer of economic benefits will be rèquired in settlement, andthe amount of the obligation can be measured reliably. Expenditure 15 classified by activity. The costs of each activity are made up of the total of dIr￿t costs and shared costs. Including support costs involved in urbdertèking eath activity. Direct costs 3ttr1buta￿e to a single activity 3re allocated directly to that activity. Shared costs which contribute to more thanone activity and support costs whith are not attributable to a single activSty are apportioned between those actwities on a basis consistent with the use of Yesources. Central stsff costs are allocated on the ba9is of time spent, and depreciation charges are allocated on the portion of the asset's use. Development costs 1.5 Cash and cash equivalents Cash and tash èquivalents include cash in hand, deposits held at ca51 with bank5, other short-term liquld Investments with original maturities of three month5 or less, and bank overdrafts. BaAk overdraft5 are shown within borrowings in current liabilities. 25% Straight line 1.6 Flnancial instruments The charity has elected to apply the provi510ns of Section 11 'Basit Financial lftstrumentl and Section 12 'Other Finan¢lal Instruments Issues, of FRS 102 to all of Èts financial instruments. Financial instrum2nts are recognised in the charity'5 balance sheet when the tharity become5 party to the contractual provisions of the instrument. Financial assets and liabilities are offset, wsth the net amounts presented in the financial statements. when theie is a legally enforceable right to Set off the recogni5ed amounts and theie is an i¢)tention lo Settle on a net basis or to realise the asset and settle the liability simultaneouslv. Bosicfinunriol ussets Basic hnancial a55ets, which include debtors and cash and bank balances, are initially measured transaction price inclajding transaction costs and are subsequently carried at amortised cost Using the effective interÈst method unles5 the arrangement tonstitutes a financirTrg transaction, where the transaction 15 measured at the present value of thè future receipts discounted at a market rate of interest. Financial assets cla￿lfied as receiv3ble within one year are Not amortised. O'BRIEN CHARITA8LE TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH2025 Ar NOTES TO THE FINANCNL STATEMENTS ICONTINUEDI FOR TIIE YEAR ENOED 31 MARCH 202S E¥penditure on charltable actlvities Unrèstrlrted Unrestrirted funds funds 202S 2024 Dlrect costs Sundries Charity don3tit>ns Venue cost5 Meet%ngs- food & beverages Website Travel and subsistence 14,515 46,950 4,470 4,053 52,358 6,787 66 240 240 2,125 68,300 63,51J4 Share of support and governantè costs Isee note 51 Support 166 524 68,466 64,028 Analysls by fund Unrestricted fund5 68,466 64,028 Support costs allocated to activlties 2025 2024 Ir)dependent examiner fees Bank charge5 80 86 462 62 166 524 Analy5ed between: Unrestricted fund5 166 524 Trustees There were nts trustees, remunerdtion or other benefi'ts for the year ended 31 March 2025 nor for the year ertded 31 March 2024. There were tko trustees. expense5 paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. O'BRIEN CHARITABLE TRUST NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH2025 TaxatEon The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. Intanglble fixed assets Iw¢k)pment Cost At l April 2024 and 31 March 2025 2,240 Amortlsation and impalrment At l April 2024 and 31 March 2025 2,240 Carrying amount At 31 March 2025 At 31 March 2024 Debtors 2025 2024 Amounts falling due wlthln one year: Other debtors Prepayments and accrued income 300 1,050 1,350 10 Creditors: amounts fallin8 due wlthln one year 2025 2024 Other creditors Accruals and deferred income 19,122 4,480 20,521 400 23.602 20,921 10- O'BRIEN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 11 Unre5trlcted funds The unrestricted funds of the charit¥ comprise the unexpended balances of donations and grants which are not subject to specific cunditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specilit purposes. At l April Z024 Incoming resour£e5 Resource5 At 31 March xpènded 20Z5 Gene¥al funds 6,637 66.336 168,4661 4.507 Previous year: At l AprÈl 2023 Incoming sources Resources At 31 Marth ex￿nded 2024 General funds 12,394 58,271 164.0281 6,637 12 Related party transattlons During the period, the charity received donations of £15.000 12024.. £15,(￿0) from O'Brien ContTaetors Limited, a company of which Mr P N O'BriÈn is a director. At the year end a balance of £41012024.. £300 due from) was owed to O'Bwien Contractors Limited.