2021-12-31-accounts

CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From 1•t January 2021 Period Start dats To 318l December 2021 Period end date. Charity name: The Sally Odell Charitsble Trust Charity registration number: 11800S4 Objectives and Activities SORP rehrenc* Summary of the purposes of the charity as set OLrt in its governing document Para 1.17 The charty Is a non4)rofft4naking body whoso objectives are to promote safety withln the community in the historic port and fishing town of Kinsale. County Cork, Ireland (including the surrounding oastal areas) for public benefit and future generation Summary ofthe main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. Statement confirning whelher the trustees have had regard to the guidance issued by the Charity Commission on public benefit Pw¥ 1.17 and 1.19 Donation to the RNLI to help fund the Kinsale Lifeboat PaA 1.18 The trustee$ have had regard to the guidance issued by the Charity Commission on public benefiL Additlonal Inforniation (optlonal) You ma choose to include further statements where relevant about: Parn 1.38 Policy on grant rnaking Pars 1.38 Policy on social investment including program related investment

Contribution made by volunteers Para 1.38 Other Achievements and Perfonnance The Charity made a donation to the RNLI of £74.000 towards the upkeep of the Lifeboat in Klnsale. Summary of the main achievements of the charity. identifying the difference the charity's work has made to the Gircumstsnces of its beneficiaries and any wider benefits to society as a whole. Part 1.20 Additional information (optional) You ma choose to include further statements Whe￿ relevant aL¥Jut Achievements against objeGlives set Para 1.41 Perfomance of fundraising adivities against objectives set Para 1.41 Investment perfomiance against objectives P4rn 1.41 Other

Financial Review Review of the charity's financial position at the end of the eriod Statement explaining the policy for holding resepies stating why they are held Pan 1.21 The charity has invested funds, which have increased in value. The Grant was made from these investment ains. The Trust intends to retain the original capital in order that it may provide regular grants to promote safety wlthln the community in the historic port and fishing town of Kinsale. County CorK Ireland £894 904 Parn 1.22 Amount of reserves held Reasons for holding zero reserves Details of fund materially in deficit Explanation of any uncertainties aboLrt the charity continuing as a going cOn￿M Para 1.22 Part 122 Part 1.24 Pard 1.rj Addltional Infomiatlon (Optional) You ma choose to indude further statements where relevant about.. The charity's principal sources of funds (induding any fundraising) Part 1.47 Investment policy and objectives including any social investment policy adopted Para 1.46 A description of the prinapal risks facing the charity P¥a 1.46 Other

Structure, Governance and Management Description of charity's trusts.. Type of goveming document Ilrusl deed. ro al chjrter How is the charity constituted? le.g unincorporated association, CIO) Trustee selection meth(MJs including details of any conslilutional provisions e.g. election to post or name of any person or body enlitled to appoint one or more trustees Parn 1.25 Trust deed Pwa 1.2S A Trust ha$ been implemented with 3 trustees. Para 1.25 Apart from the fjrst charity trustees, every trustee must be appointed for a temi of three years by a resolution passed at a property convened meeting of the charity trustees. In sèlecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills. knowledge and experience needed for the effectlve admlnlstratlon of the CIO. Additlonal information (optional) You ma choose to include further statements where relevant about PoliGies and procedures adopted for the induction and training of trustees Para 1.51 The charity's organisational strudure and any wider network with whidi the charity works Paa 1.51 Relationship with any related parties P¥a 1.51 Other

Reference and Administrative detsils Charit name Other name the chari uses Re istered chari number Charity's principal address The Sall Odell Charitable Trust NIA 1180054 CIO 43 Haymakers Lane Ashford Kent TN23 4GL Names of the charity trustees who manage the charity Narne of person lor body) entiued to appoint Ifan Tru$tse nom• Offlu Ilf any) Date# a¢tèd rf not for whole year Ursula Harris Alison Stratford Ralph Sanders 10 11 12 13 14 15 16 17 18 19 20 Co orate trustees- names of the directors at the date the re Dlrector name None rtwasa

Name of trustees holding title to property belonging to the Charity Trustee nam• None Date• aci•d if not for*lKA• Funds held as custodian trustees on behalf of others Description of the assets held in this capacity Name and objects of the Gharity on whose behalf the assets are held and how this falls within the custodian charitys objects Details of arrangements for safe custody and segregation of such assets from the charity's own assets Additional infomiation loptional) Names and addresses of advisers (Optional information) Type of Name Address advlser Name of chlef executive or names of sensor staff members (Optlonal Information) Exemptions from disclosure Reason for non4isclosure of ke rsonnel details

Other o tional infonnation Declarations The trustees declare that they have approved the trustees. report above. Slgned on behalf of the charlty's trustees Signature(s) Full name(s Posltion (eg Secretary, Chair. etr) anders Trustee Date 8th August 2022

REGISTERED CHARITY NUMBER: 1180054

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

THE SALLY ODELL CHARITABLE TRUST

Gibbons Mannington & Phipps LLP
Chartered Accountants

82 High Street
Tenterden
Kent
TN30 6JG

THE SALLY ODELL CHARITABLE TRUST

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

	Page	Page	Page
Report of the Trustees	1	to	2
Independent Examiner's Report		3
Statement of Financial Activities		4
Balance Sheet		5
Notes to the Financial Statements	6	to	10

THE SALLY ODELL CHARITABLE TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021

Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyear ended
31December2021.ThetrusteeshaveadoptedtheprovisionsofAccountingandReportingby Charities:
StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordance with
theFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective 1
January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

Thecharityisanon-profitmakingbodywhoseobjectivesaretopromotesafetywithinthecommunity in
thehistoricportandfishingtownofKinsale,CountyCork,Ireland(includingthesurrounding coastal
areas) for public benefit and future generations.

Significant activities

The charity has made a donation to the RNLI to help fund the Kinsale Lifeboat.

Public benefit

ThetrusteeshavetakennoticetotheguidanceissuedbytheCharityCommissionwithregardto public
benefit.

FINANCIAL REVIEW

Reserves policy

Thetrusteesintendtoretaintheoriginalcapitalinorderthatitmayprovideregulargrantsto promote
safety within the community in the historic port and fishing town of Kinsale, County Cork, Ireland.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

Thecharityiscontrolledbyitsgoverningdocument,adeedoftrustandconstitutesan unincorporated
charity.

Charity constitution

A trust has been implemented with three trustees.

Recruitment and appointment of new trustees

Apartfromthefirstcharitytrustees,everytrusteemustbeappointedforatermofthreeyearsby a
resolution passed at a properly convened meeting of the charity trustees.

Inselectingindividualsforappointmentascharitytrustees,thecharitytrusteesmusthaveregardto the
skills, knowledge and experience needed for the effective administration of the Trust.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1180054

Principal address

43 Haymakers Lane
Ashford
Kent
TN23 4GL

Trustees

R J Sanders ACSI DipPFS
Ms U M Harris
Ms A R Stratford

Page 1

THE SALLY ODELL CHARITABLE TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021

REFERENCE AND ADMINISTRATIVE DETAILS

Independent Examiner

Gibbons Mannington & Phipps LLP
Chartered Accountants
82 High Street
Tenterden
Kent
TN30 6JG

Approved by order of the board of trustees on 4 August 2022 and signed on its behalf by:

R J Sanders ACSI DipPFS - Trustee

Page 2

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE SALLY ODELL CHARITABLE TRUST

Independent examiner's report to the trustees of The Sally Odell Charitable Trust

IreporttothecharitytrusteesonmyexaminationoftheaccountsofTheSallyOdellCharitableTrust (the
Trust) for the year ended 31 December 2021.

Responsibilities and basis of report

AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsin accordance
with the requirements of the Charities Act 2011 ('the Act').

IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutundersection145oftheAct and
incarryingoutmyexaminationIhavefollowedallapplicableDirectionsgivenbytheCharity Commission
under section 145(5)(b) of the Act.

Independent examiner's statement

Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattention in
connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.

Samantha Whiting

ICAEW
Gibbons Mannington & Phipps LLP
Chartered Accountants
82 High Street
Tenterden
Kent
TN30 6JG

8 August 2022

Page 3

THE SALLY ODELL CHARITABLE TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

Notes INCOME AND ENDOWMENTS FROM Investment income 2 EXPENDITURE ON Charitable activities Donations Other Total Net gains on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD	2021 Unrestricted fund £ 5,866 74,000 8,535 82,535 63,815 (12,854) 907,758 894,904	2020 Total funds £ 9,119 15,000 6,115
		21,115 68,111
		56,115 851,643
		907,758

The notes form part of these financial statements

Page 4

THE SALLY ODELL CHARITABLE TRUST

BALANCE SHEET

31 DECEMBER 2021

Notes FIXED ASSETS Investments 7 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 8 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 9 Unrestricted funds TOTAL FUNDS	2021 2020 Unrestricted Total fund funds £ £ 872,166 907,581 24,818 1,417 (2,080) (1,240) 22,738 177 894,904 907,758 894,904 907,758 894,904 907,758 894,904 907,758

ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
4 August 2022 and were signed on its behalf by:

R J Sanders ACSI DipPFS - Trustee

The notes form part of these financial statements

Page 5

THE SALLY ODELL CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingby Charities:
StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsin accordance
withtheFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102)
(effective1January2019)',FinancialReportingStandard102'TheFinancialReporting Standard
applicableintheUKandRepublicofIreland'andtheCharitiesAct2011.Thefinancial statements
havebeenpreparedunderthehistoricalcostconvention,withtheexceptionofinvestments which
are included at market value, as modified by the revaluation of certain assets.

Income

AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefits will
berequiredinsettlementandtheamountoftheobligationcanbemeasuredreliably. Expenditure
isaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregate all
costrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadings they
have been allocated to activities on a basis consistent with the use of resources.

Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedas a
commitment but not accrued as expenditure.

Investments

Listedinvestmentsareincludedatmarketvalueattheyearend.Gainsandlossesondisposal and
revaluation of investments are charged or credited to the Statement of Financial Activities.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the
trustees.

Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsof the
charity.Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedfor particular
restricted purposes.

Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.

There are currently no restricted funds.

Financial instruments

Thecharityonlyhasfinancialassetsandfinancialliabilitiesofakindthatqualifyasbasic financial
instruments.Basicfinancialinstrumentsareinitiallyrecognisedattransactionvalue and
subsequentlymeasuredattheirsettlementvaluewiththeexceptionofbankloanswhich are
subsequently measured at amortised cost using the effective interest method.

continued...

Page 6

THE SALLY ODELL CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

2. INVESTMENT INCOME

Fixed asset investment income GRANTS PAYABLE Donations The total grants paid to institutions during the year was as follows: Royal National Lifeboat Institution	2021 £ 5,866 2021 £ 74,000 2021 £ 74,000	2020 £ 9,119 2020 £ 15,000	2020 £ 9,119
		2020 £ 15,000

3. GRANTS PAYABLE

4. TRUSTEES' REMUNERATION AND BENEFITS

Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2021 nor
for the year ended 31 December 2020.

Trustees' expenses

Therewerenotrustees'expensespaidfortheyearended31December2021norforthe year
ended 31 December 2020.

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

	Unrestricte
	fund
	£
INCOME AND ENDOWMENTS FROM
Investment income	9,119
EXPENDITURE ON
Charitable activities
Donations	15,000
Other	6,115
Total	21,115
Net gains on investments	68,111
NET INCOME	56,115
RECONCILIATION OF FUNDS
Total funds brought forward	851,643
TOTAL FUNDS CARRIED FORWARD	907,758

continued...

Page 7

THE SALLY ODELL CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

6. INDEPENDENT EXAMINERS FEES

Theindependentexaminer'sremunerationrepresentsthefeeforexaminationoftheaccounts of
£840 (2020: £840).

7. FIXED ASSET INVESTMENTS

FIXED ASSET INVESTMENTS
	Unlisted
	investment
	£
MARKET VALUE
At 1 January 2021	907,581
Additions	5,866
Disposals	(103,908)
Revaluations	62,627
At 31 December 2021	872,166
NET BOOK VALUE
At 31 December 2021	872,166
At 31 December 2020	907,581

There were no investment assets outside the UK.

The cost of portfolio investments is £702,010 as at the balance sheet date.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

	2021	2020
	£	£
Other creditors	2,080	1,240

9. MOVEMENT IN FUNDS

Unrestricted funds General fund TOTAL FUNDS	At 1/1/21 £ 907,758 907,758	Net movement in funds £ (12,854) (12,854)	At 31/12/21 £ 894,904
			894,904

Net movement in funds, included in the above are as follows:

Unrestricted funds General fund TOTAL FUNDS	Incoming resources £ 5,866 5,866	Resources expended £ (82,535) (82,535)	Gains and Movemen losses in funds £ £ 63,815 (12,854) 63,815 (12,854)

continued...

Page 8

THE SALLY ODELL CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

9. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds General fund TOTAL FUNDS	At 1/1/20 £ 851,643 851,643	Net movement in funds £ 56,115 56,115	At 31/12/20 £ 907,758 907,758

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds General fund TOTAL FUNDS	Incoming Resources Gains and Movement resources expended losses in funds £ £ £ £ 9,119 (21,115) 68,111 56,115 9,119 (21,115) 68,111 56,115

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds General fund TOTAL FUNDS	At 1/1/20 £ 851,643 851,643	Net movement in funds £ 43,261 43,261	At 31/12/21 £ 894,904 894,904

Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in
the above are as follows:

Unrestricted funds General fund TOTAL FUNDS	Incoming Resources Gains and Movement resources expended losses in funds £ £ £ £ 14,985 (103,650) 131,926 43,261 14,985 (103,650) 131,926 43,261

continued...

Page 9

THE SALLY ODELL CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

10. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2021.

Page 10