The Pipeline Trust A Charitable Incorporated Organisation Registered Charity Number 1183246 Trustees, Annual Report and Accounts for the year ended 31 December 2022
The Pipeline Trust Trustees, Annual Report for the year ended 31 December 2022 REFERENCE AND ADMINISTRATIVE DETAILS Charity name: The Pipeline Trust Charity nurnber: 1183246 Prinelpal and Registered office: 50, Marshall Street London WIF 9BQ Emall addre5S: admin elinetrust.or Trustees: Robert William Newcombe Edward Mark Newcombe Jonathan Charles Dymoke Newcombe Lionel John Newcombe Alexandra aaire Houghton {Chairl Each of the above have served throughout the year and up to the date of this report. 8anker5: Barclays Bank PLC Independent Examiner: Adrian A. Bentley B.Sc. A.C.A. Edward Thomas Peirson & Sons Chartered Accountants 21. The Point Rockingham Road Market Harborough Leicestershire LE16 7NU OBJECTIVES AND ACTIVITIES The objectives of The Pipeline Trust 1.the ChariVI, as specified in its governing document, are to advance such charitable purposes (according to the law of England and Wales) as the trustees see fit from time to time. The activities undertaken by the Trustees to satisfy these objectives comprise the awarding of grants to organisations Iprimarily other charities and voluntary bodies) and individuals throughout England and Wales tor the general public benefrt. The Trustees confirm that they have complied with their duty to have due regard to the guidance published by the Charity Commission on public benefit when reviewing the Chariws aims and objectives, in planning future activities and in setting the grant making policy for the period. Page I
The Pipeline Trust Trustees, Annual Report for the year ended 31 December 2022 ACHIEVEMENTSAND PEFORMANCE The Charity has been able to support a number of different charttable causes, with the main themes being: the health and wellbeing of young people, the support of people wtth disabilities and illnesses, as well as research into medical developments. especially relating to Type l Diabetes. The Trustees, hope is that even relatively small amounts of money can make a big difference when applied to the right charitable organisation. These grants have been very gratefully recerved. Further details regarding the grants awarded in the period are set out in Note 2 to the accounts. FINANCIAL REVIEW During the year the Charity received donations totalling £25.OLKJ12021- £37.6551, including £25,OLKJ {2021: £22,853) representing part of a series of regular annual donation from The Newcombe Estates Company Limited. the amount of which depend on the Compan5 profitability. The Newcombe Estate5 Company Limtted is a private limited company in which the Trustees are all shareholders and Mr R.W. Newcombe and Mrs A.C. Houghton are directors. The funds received in the year were added to cash reseryes brought forward of £4.17612021: £9,121) and a total of £27,00012021= £42,600) was distributed by way of grants to charitable organisations providing educational, religious. heatth and social care seNices at either a local, national or international level. No funds were spent on support costs in the year or in the previous year. ReseNes poIIcy The Trustees expect that the Charity will have few overheads and, therefore, will have a limited requirement for reserves. Their objective will be to identifv organisation5 Worthy of support so that the Charitrfs income is distributed on an annual basis and cash reserves will be retained at a level that they consider appropriate to meet any liabilities as they fall due and to enable the Charity to respond in a timely fashion to urgent appeals from deserving causes. Cash reserves at the 31 December 2022 amounted to £2,17612021.. £4,176). STRucfuRE, GOVERNANCE AND MANAGEMENT The Charity is governed by a constitution dated 3 May 2019 and it was registered as a Charitable Incorporated Organisation with the Chartty Commission on that same day. The members of the Charity are its trustees. who are the only persons eligible for membership. and their mernbership will automatically end when they cease to be a trustee. The initial trustees were appointed for their lifetime and they may appoint additional trustees, at a duly convened meetin& for terms at their absolute discretion. Page 2
The Pipeline Trust Trustees, Annual Report for the year ended 31 December 2022 STRUCTURE. GOVERNANCE AND MANAGEMENT (continued) In selecting indiwduals for appointment as trustees. regard will be grven to the skills, knowledge and experience needed for the effertive management of the Charity. New trustees will be briefed on their legal obligations under charity law, the content of the constitution. the decision making processes and the recent financial perfomiance of the Charity. All trustees will be encouraged to attend appropriate external training events where these will facilitate the undertaking of their role. DECLARATION I declare, in my capacity of Charity Trustee, that the Trustees have approved the report above and have authorised me to sign it on their behalf. R.W. Newcombe Chair 4 Ortober 2023 Page 3
Independent Examiner's Report to the Trustees of The Pipeline Trust I report to the charity trustee5 on my examination of the accounts of the charrty for the year to 31 December 2022 which are set out on pages 5 to 6. Responsibilities and basis of report As the charit5 trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Att 20111'the ACVI. I report in respect of my examination of the charlS accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Art. Independent examiner's statement I have completed my examination. I confimi that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. ccounting records were not kept in respect of the charity as required by section 130 of the Act,. or the accounts do not accord wlth those records.. I have no concerns and have come across no other matters in connedion with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accou tsto e aChed. Adri Bentley c. A.C.A. Edward homa eirson & Sons Chartere ccountants 21, The Point Rockingham Road Market Harborough Leicestershire LE16 7NU 4 October 2023 Page 4
The Pipellne Trust Receipts and Payments Account for the year ended 31 December 2022 2022 2021 RECEIPTS Note Donatlons, legacies and grants: Grant from The Newcombe Estates Company Limited 25,CrfXI 22.853 Grants from other sources 14,802 25,C 37.655 PAYMENTS Charitable artlvftles: Grants paid to organisations 27,CK(I 42.6LKI Total payrnents 27.0 42,600 NET {PAYMENTSI / RECEIPTS IN THE PERIOD (2.OWI (4,945) CASH AT BANK BrouEht forward 4.176 9,121 Carried forward 2.176 4,176 Statement of Assets and Liabilltles As at 31 December 2022 31-Dec-22 31-Dec-21 CASH FUNDS Cash at Barclays Bank PLC 2.176 4,176 Page S
.The Pipeline Trust Notes to the Accounts for the year ended to 31 December 2022 Dona0$, l¢8ades and grants All of the grants rtcefved were awarded for 8eneral use by the Charity in fulfilling its objectNes and no resirirtion was placed upon them. Grants paid to oryanlsations The tTUStees awarded and paid grants in the perlod to thefollowng organisations.. 202Z 2021 Organisatron Mlsslon Posslble UK Relief and Cffiristian mi5yon in Ukraine Juvenile Thabete5 Research Foundat)n Research into l Diabetes Emmaus Transformation Trust Lighthouse soaal all hubs in Woknng Aspire Help for peOe with spinal cord injuries I,sLwJ 7,5C Shopmoblllty Market Hari)roL4gh Prow5iov of tYKthlrty equipment& aids LS BIGKID Foundation Mission to end swth 054inks- Graeme Innes, Moldova Relief and thri5tian mission IA Ukraine Huntin8don CommuntyAction Projert5 Poverty relief - prowsion of focJ parcels 5TrJ Msdweek in Mayfair Lunchtime Christian faith meetiiigs The Meath Epilepsy tharlty Care for people ¥rith (xlmplex epilepsy The Parish of Huntingdon Thrive. Ywth Work WAY W(dowed and Youn8 8erea¥ementsuppDrtlor the under5trs Winston's Wish BereavementsuprtfOT children The Three Rivers Leamin8Trust Primary education in NDrthumbedand 5t The Landon City Mission Variou5 Chiisrian act]be5 in London 2.LJOQ Mission Possible UK Primary & secondary edtscation in Rwanda Crosslinks- Edward Nelson Memorial Fund Trainin8 of wtors in Paris National Deaf Chihlren's Society Supprytfordeaf thildren & their carers The Radley Foundation Supportingthe work of the school thapel The Royal Assoclatlon for Deaf People Accessible seNces to deaf pe¢>ple Coram Adoption and fostering agency 1,50D UK Squirrd Accord Forestry and red squirrel cofisethtn 6L Coquetdale Suuirrel Group Red soulrrel conservion 5LXI Sp(#ts Connection Foundation Inspire thildren through swt 27,OCKI 42,6(X7 Pa8e 6