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 ```