The Pipeline Trust A Charitable Incorporated Organisation Registered Charity Number 1183246 Trustees, Annual Report and Accounts for the year ended 31 December 2023
The Pipeline Trust Trustees, Annual Report for the year ended 31 December 2023 REFERENCE AND ADMINISTRATIVE DETAILS Charlty name: The Pipeline Trust Charity number: 1183246 Prlntipal and Reglstered office: 50, Marshall Street London WIF98Q Emall address: admin linetrust.o Trustees: Robert William Newcombe Edward Mark Newcombe Jonathan Chades Dymoke Newcombe Lionel John Newcombe Alexandra Claire Houghton (Chair> Each of the above have served throughout the year and up to the date of thls report. Bankers: Bardays Bank PLC Independent Examiner: Adrièn A. Bentley B.Sc. AC.A. Edward Thomas Peirson & Sons Chartered Accountants 21, The Point Rockingham Road Market Harborou8h Leicestershire LE16 7NU OBJECTIVES AND ACTivmES The objectlves of The Plpellne Trust 1.the Chariv), as specified in its governing document, are to advance such charitable purposes (according to the law of England and Wales) as the trustee5 see fit from time to time. The activfjtles undertaken by the Trustees to satisfy these objertives comprtse the awarding of grants to organisations Iprim3rily other charfcies and voluntary bodies) and individuals throughout England and Wales for the general public benefft. The Trustees confirm that they have complied with their duty to have due regard to the 8uidance publlshed by the Charity Commission on public benefit when rewewing the Charl% aims and objectives, In plannin8 future actNtties and in setting the grant making policy for the period. Page I
The Pipeline Trust Trustees, Annual Report for the year ended 31 December 2023 ACHIEVEMENTS AND PEFORMANCE The Charity has been able to support a number of dlfferent charitable causes, with the main themes being.. the health and wellbeing of young peoe. the support of people with disabilities and illnesses. as well as research into medical developments, especialfy relating to Type l Diabetes. The Trustee hope is that even relatively Small amounts of money can make a big difference when applièd to the right charitsble organisation. These grants have been very gratefully received. Further details regarding the grants awarded in the period are set out in Note 2 to the èccounts. FINANCIAL REVIEW During the year the Charty received donations totalllng £31,085 {2022: £25.OCKII representing part of a series of regular annual donation from The Newcombe Estates Company Limited. the amount of which depend on the Companfs profrtabllity. The Newcombe Estate5 coMnY Limited Is a private Ilm6ted company Sn whlch the Trustees are all shareholders and Mr R.W. Newcombe and Mrs A.C. Houghton are directors. The funds receNed in the year were added to cash reserves brought fonNard of £2,17612022: £4.176} and a totsl of £27,91J)12022: £27.0001 was dlstributed by way of grants to charitable organisations providing educational. religious, health. social care,. and humanitarian relief services at either a local. national or international level. The Trustees provide thelr servi5 without remuneration and no funds were spent on support costs in the year or in the previous year. Reserves poli&y The Trustee5 expect that the Charity will have few overheads and. therefore, will have a Ilmlted requlrement for feserves. Their objettive will be to identify organisations worthy of support so that the Charivs income is distributed on an annual basis and cash reserves will be retained at a level that they conslder appropriate to meet any liabiltties as they fall due and to enable the Charity to respond in a timely fashion to urgent appeals from deserving causes. Cash reseNes at the 31 Dècember 2023 amounted to £5,36112022.' £2.176). STRUCTURE, GOVERNANCE AND MANAGEMENT The Charlty is governed by a consrftutlon dated 3 May 2019 and rt was registered as a Charitable Incorporated Organisation with the Charity Commission on that same day. The members of the Charity are its trustees. who are the onty persons eligible for membership, and their membership will automatically end when they cease to be a trustee. The initial trustees were appointed for their lifetime and they may appoint addltlonal trustoos, at a duly convened meetin& for teThs at their absolute discretion. Page 2
The Pipeline Trust Trustees, Annual Report for the year ended 31 December 2023 STRuclliRE, GOVERNANCE AND MANAGEMENT (continued) In selecting individua15 for appointmert a5 trustees, regard will be given to the skills. knowledge and experlence needed for the effertNe management of the Chafity. New trustees will be briefed on their legal obligations under charity law. the content of the constitution, the decision making pro55e5 and the recent financial performance of the Charity. All trustees wlll 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 24 October 2024 Page 3
Independent Examlner's Report to the Trustee5 of The Pipeline Trust I report to the eharity trustees on my examination of the accounts of the charlty for the year to 31 December 2023 which are set out on pages S to 6. Responslbllfties and basls of report As the charl5 trustees you are responsible for the preparation of the aecounts in accordance with the requirements of the Chartties Act 20111'the ACVI. I report in respect of my examinatlon of the charws accounts carried out under sectlon 145 ot the Art and in carrying out my examination I have followed all the applicable Dlrections given by the Charity comm10n under sectlon 14515llbl of the ACL Independent examlner's statement I have completed my examination. I confim that material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept In respect of the tharity as qUired by sertion 130 of the Art; or the accounts do not accord with those records,. I have no COnrnS and have come across no other matters in connectbon with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to b reached. Adrian .Lc. Edward Thomas Peirson & Sons Chartered Accountsnts 21, The Point Rockingham Road Market Harborough Leicestershire LE16 7NU 24 October 2024 Page 4
The Pipellne Trust Receipts and Payments Account for the year ended 31 December 2023 2023 2022 RECEIPTS Note Donations, legacies and grants: Grant from The Newcombe Estates Company Lirnited Total reIpts 31,085 25,C 31.08S 25.000 PAYMENTS Ch4rftable #rtl¥ltle&' Grants paid to organlsations 27,9 27.0 Total payments 27.900 27.CVJO NET RECEIPTS/(PAYMENTS) IN THE PERIOD CASH AT BANK 3,185 8rought forward 2,176 4.176 Carried fonwwd 5.361 Z176 Statement of Assets and Liabillties As at 31 December 2023 31-D¢c.23 31-De¢-22 CASH FUNDS Cash at Bardèys Bank PLC 5.361 2,176 Page 5
The Plpellne Trust Notes to the Accounts forthe year ended to 31 December 2023 Donatlw5, lo8acles and grants All of the grants recewed were awarded for general w by the tharity in fuffilltng Its objectwes and no restfi(th?n was placed upon them. Grants pald to I#1$at5 The trLSte¢s awarded ahd paid 6rants in the perjotl tothe fOlk)Wi orKdni5atlo Or8anisati¢ Juvenlle Diabetes Research Foundation Resewth trtoType l Diabetes 8amabasAtd Syrlan earthquake relkf aub Peloto Grant givtng to charities foryoung people Midweek in MayFalr Lundrtlme (hrtstlan faith meetlngs Royal Natk)nal In511tutefor Deaf People Jppcvtfor with hearfng loss The Rfver5Trust [trIe change for riveF5 Emmau$fransfornthnTn ughthe5ll action hub5 in Woklng The Meath Epllep5y IalIty Care for pecyle complex epilepsy L5C¥) Pènhurst Retreat Centre Sport5 Connectlon Foundavon Inspire chmdren thmuRh srK¥t The London aty Mlsslon Various thristian athttes Irb L(mdon WAY oWed and Young BereaNErrthtsupport forthe under50'5 W(nston's Wsh 8eTement supportfiChI1dren Woklng Focdban Pr0 of foodbank5 in the Wokin8 aTea Shopmoblllty Market Harborough of mobility equlpment & aids 15 The Three Rlvers Learning Trust Prlmary ethjratknn In Northumberfand Mlssion Posslble UK Relief and Christian mission in Ukraine Aspire Helpkn pe* wfjth spinal cord injuries 15 BIGKID Foundatlon Misslon to end youth violee Crossllnks- Grneme lThnes, ML4dovg Relief and thristian mlsslon In Ukralnt Huntlngdon Community Action PFvjects Poverty rettef . provi%on of food parcefs The Parlsh of Huntln8don Thrivo- Youth Work 27,900 27,1