REC.187'LRED CHARITY NUMBER: 1186137 oj't oftlje Trustees and riinancial Statements for the YeAr Ended 5 A ril 2024 for i'ioc THB LLP 1 & 2 Studley Court Mews Sttidley Coui"I Guildford Road Cliobhani SuriEy GU24 8EB
TIOC CuntL'nt$ of the Finaticial.%tateineiit5 foi. the Yeai. biided 5 A ril 2024 Page Report of the Trustees I to 2 Independent xamitherls Report Statement of Fin&nci31 Activities Bal8ne¢ Sljeet Iyotes to the Financial St&tements 6 to 10 Detailed St*temeiit of Finaiicial Activitics
TIOC Ilc oi't of tlie Ti'll8tees fDI' tlie Year Endcd 5 A I'll 2024 The Irustees pirscnt tlieir repoi-t Wltli the financial stateiiient5 of the ¢harity foi. tlie yeai. ende(15 Api'il 2024. Tlic tl'LlStees have adopted tlje pi'ovi%ion.% of AccountlllgT Hiid Repariing by Chai'ilies.. Siateiiienl of Recotnniended Pra¢iite applicable to cliaritlC5 pi-ei)arirtg Ilieir aecounts in accoi-dance witli tlie Financial Rcpoiting Siartdai'd applicable iii tl)c UK and Republic of li'eland {fRS 102) leffeLlive l Janllary 2019). OBJLCI'IVEI S AND ACTIVITIES Wc liavc continued to woi'k tomiards eqlablisliing our puip05e and seiiing in placc good governance struch]res for tlie fuwre. Oui. funding lias acciiied to enable the chai'ity to suppoi'l a wide ran¥e of projects and to cominil io mlllti-year gifls, beltei. helping Ol-ganisations nieet dieii. long-teilli goals. Wc liavc continued to develop Sli'ong iElaliollsliips witli tlie Charities wc suppoi'l, lo undersiand tliejn bcttei. and niaximise the iii)pa¢i of our dollations. Oui- focus li&% in 8ui)porling projects tliat relate lo young people and tlie aits, as well as autism, l-ype I diabetes. and cl)ild loss. Our objectives foi. the upconiing year are io Continue to distribuling funds to projccls that are aligned witl) our givijig policy. We continue to run a three-ycar iDlling imodel of financial dists'ibution wliich enables us to Inaintain a dedicated reserve fund. ACHJEI VF.MENT AND PERFORMANCr, 'I'liis year we made a numbci. of donations tu worthy chai'itics and PToject5 c105ely altBned with oiii. above giving policy. We continue to build our i'eserves to set us in good standiiig for the futUlE. Fundi'ai5ing activities During thc ycai. the cliai.ity lias noL lield any of FundTai5ing activities. FllYANCIAL REVIEI W Re5ei've5 polily Tlic cliarity is in a positive financial positioii,. we liave nol accrued any debt. have Do unfulfilled pledge5 and aiE able to tontinue making donations iIito the next financial year. Our policy for holding I'e%ervcs 18 to ensui'e tlie loiig¥vTty of tlic cliarity. It enables us to continuc siippoiting a wide range of projccls and lo conllnit to inulti-year gifts, better Iielping organisalions incct tjicir long-tem goals. T]ie re5eive5 at the end of tl)e year to 5, Api'il 2024 eoinprssed a total of £2,112,382. STRUCTURE, GOVCI RNANCE AND MANAGLfvlENT Govei'ning document Tlie charity is Colltrolled by its governing docuinenL a deed of trust and Collstitutes an urtincotyorated cliarity. Oi'gaiiisatlonAI Sti'uetui'e and Ti'uste¢ Recj'ultment The oigaiiisation of the cliariry consists of a pai)el olirustees who act on behalf of the charity. The chaTLty is chaired by MIB C.atl)ei'ine Flogcl aiid IDanaged witli Ti'ustee5 MT Benjaimin Mai'dle at]d Mi Phillip Walsli. Mb Aine McNamara as515t5 Wltli Imanagement, secretarial dutie$ 2nd day to day i'utining. Trustees arc selected ot) a persojial basis and based on a skills niatrix of tnanageinent, arts, and accounting. No fiwtees are reDJunerated for tlieii. trusi¢e serniices to tlic chai'ity- Risk management Tlie Tiusiee8 I CJovernoiE liave a duty tts identify and review tlie risks to wliicli tlie chai.ity is exp)sed and to ensure appropi'iate conlTo15 aiE in placc lo provide Teasonable assiirance against frauds artd eiyors. rhe Charity lias established nieasures to control and niitiglite the i)ossible inipact of known ri8kg. Tliere appropi'iate iiiternal control sy%tems, procedures, policies and prineTple5 in place to tackle and mininiize tl)ose risks. Page I
ort of th¢ ror ilit Ye41r ril 2024 RLfrb.FIF.N(... AN[) An111 is'fiiA'rivb. i)Tr.'rilll.S Reelsttrcil C.-liaritY numhor PrlrtciiJAI llddrt5S Llnii 14 AdmirJliy Ivas, C'ambLrlc> J1115.3t)T Trllstet5 Mi. Bjnjainin J,MordlL Tru51 Adnilnl$tJ'ator Aiiie l¢NIlar8 Bankor5 8 $1 JJiKL'i'% SqiiarL' SIII l Y 4JU Inilcpeiidtnt Examinor &. 2 siudli). C-iiurt Mei45 iuJl¥) Ciiiin liuildfvrd Kvdd Chot>h4im SurrL'> Appnii'Ld b). orderofilie IxiTrrd ofiru%icc% nn.. nd 4ignLd 11$ hLliolf by.. l MJrdl¢-'I'r1151¢L Mrs C'aihLrini C Hogcl {C PogL 2
Inde TI()C endent F.Yamitiei' s Re (bi't to the Truste¢s of lttdcpendent exAminer's i'epoi't to th¢ trustees of TIOC I irport lo Ihe LliaTily ti'usices oil niy exaniiiialiun of Ilie accoiints of TIOC Ilhe Trusl) foi. the year ended 5 April 2024. Responslbilities aiid basi5 of rcpoi't As tlie ¢liai'ity liSIC¢S of tlie Trust you aiE Irsp0115ibl¢ for tlie preparatioii of tlie attoutti8 in accoi'daiice witli tlie requireineiitb. uf ihe Cliai'ities Act 2011 ('Ihe ALt'). l Tepoi-l in i-espeet of tiiy cxaniiiiatioii of Ilie Tru%l'% accounts caiTied out undei. Section 145 of tlie Act and in cairying out my exaniinalioji I liave followed all applscable Dire¢¢ions giveii by Ilie Cliarity Cominis8ion undci. Scclion 145(5llbl of tlie Act. Indepeijdeiit examiner's statement Siiice YOUL" ¢hai'ily'8 gross iiicoiiie exceeded £250,000 youi. examiner n)ust be a ]1]bel. of a listed body. I can confimi that I am qualified to underiake tlie exaniijiation because I am a mewbcr of the ACCA whicl) is Olle of t]ie listed bodies. I have coinpleted my exan)lllation. I confinn that no matei'ial mattei"s have eojne to my attention in ¢onnectlOll Wlth the examit]alion giving me cause to believe that in aijy Inat.1a] Irspect.. aOUnting ircords were nut kept in respcct of tlie TTUSt as requiird by Section 130 of tlie Act., or the accounts do not accord with those i'e¢oi'ds' oi. tlie accout]ts do not comply with the applicable Irqllii'emenls concerning the tomi and coiiteiit of a¢¢ounls sel out in tlie Cliai'ities IAccounls and Rep()Its) RcgulatlOll5 2008 otliei. Ilian any Irquireimeni ihat tlie accounts give a tiue and fair view wliicli is not a rnatt¢i' ¢onsidercd as part of independcnt exainination. I have no eoncei'ns and have coine across no other tnatters ID ¢onnectjOll Wltli tlie examinaiion to which attet]tion should be di?wii in ¢liis report in ol'der to ¢tLable a proper uiiderstanding of the accounts to be reaclied. THB LLP TIIB I.LP 1 & 2 Sttidley Coui"l Mews Studley Court Guildfoj'd Road Chobhain SuiTey GU24 8EB 11 Date.. Page 3
Tl()C St#tenieiit of FliiaiJciAI Activities foR' the Yeai. nllcd 5 A ril 2024 Pei'lod 1.4.22 Year Li nded 5.4.24 5.4.23 Total fuiids Uiire5ti'ictod fund Notes INCOME AND EINDOWMEN'rs riROM DonatiotL$ and lega¢ies 574,000 403,212 Inveslmcnt lllcome 24,654 Total 598 654 403212 EXPENDITURE OIY Ch#vit#hle attivities Donation 238,250 285,497 Othe¥ 3.770 50 Total 242,020 285 547 NET INCOME 356,634 117,605 RECONCILIATION OF FUNDS Totsl funds brought fOlard 1.755,748 1,638,083 TOTAL FUNDS CARRIED FORWARD 2112382 1755,748 The notes fomi pai'l of tliese fitncIal statenients Page 4
'i()r. tIAl4n¢ ril 2(bZ4 514123 fuiid nils CIIRR Tr.N'f ASSETS Cd%h I bank ,75l),447 CRIDITOHS 13,69YI NF.I'CURRENT ASSET5 1.755,748 TO'I'AI,,ISSE'fs LESS C URIILN'I. LI*KIIILI'I'IF.S 1 11?.3%? 1.75J.74ti NET ASSLI'S 1.755.748 FUNDS SU 1.755.74¥ TOTAL FUNDS ? 112.38 1,755.748 'l-hc financial s1oieineiiiq li'L. approi'L'd lij. Ilie Iloard Eil. Ttu%lLLi auiliorised for issu¢ on dnd ii'ere 4iLyni'd i)n ils bLhuifhy'. Mr B J fvIuTdlL'. I'nisi¥L Mrs L. C. Hogel ICI)4iirl 'I'he niiles furm part Iil'ihcse finalllial slalemenis
TIOC Iyotes to tlie Fi jiian¢l*l StAtciiJetits for the Yeai. Elided 5 A ril 2024 ACCOUNTING POLICIES 13asis of pi'epai'iiig tIIL' fsngncial statements The firtaiietal slalcn)ents of Ihe cl)ai'ily, wliicli is a public bcnefit eniily under bRS 102, liave beert prepaiid in accordallLe with tlie Chai'ities SORP IFRS 1021 'A¢eoiinling and Ilepoi"liiig by Cliat'iiies.. Siateinellt of Reconiiiieiided l)i?ctice applicable to cliarities piepariiig theii- acLiJunls iii aceordallce witli tlie Financial Repoi'tillg Slandard applieablc in Ilie UK artd Republic of Trc12nd {fRS la21 leffe¢iive l Januajy 20191,, Finaiicial Repoi'iing Slandard 102 'Tlic l-,itiancial Repoi-ling Standai'd applicable in ilie UK aiid Republic of Ircland, and tlie Clidrities Act 2011. The financial statemcnts have been prepare£l iindei. Il)e histoi'ical cost conveniion. FSn8neial J'epDI'tillg standard 102 I'educed disclosui'e exeinptiuns Tlie cliarity li laken advaiitaEe of tlie following di8closiirc cxcniption in pr¢pai'ing these financial stateinents, as p¢rniitted by FRS 102'Tlie Financial Rcporting Stalldard applicable in the UK and Republic of ITel8rtd': Ineoine All income is ircognised in tlie Statement of Financial Activities ot)¢e thc charity has entitlemeiit to the funds, it is probable thai the income will be received and the aniounl cali be measured i'eliably. Expenditui'e Liabilities are iccogiiised as expenditur¢ as 800n as thei'e is a legal 01 Constiuctive obligatioii comimitling the ¢l)ai'ity to that expendituie, it 18 pi'obable tliat a ti?nsfer of economic benefits w511 be i-equired in setilenicnl and the ainount of tlic obligation can be Iiie&%ured i'eliably. Expenditure is a¢eounted for on ali accwa15 basi% and lias bccn classified llnder headings tliat aggi'egate dll coql IElaled to the categoiy. Wliere Losls cannot be diirctly atlribuled lo pai'iiculaj. lieadings they have bccn allocated to activities on a basis consistent with tlie use of i'csouires. Grants offeitd subject to conditions whicli have not been met at tlie yeai. elld date al'e noted as a eoji)mitii)ent but not accriied as cxpeiidiliire. TAxation The cliarity is exempt fi-oiii lax on its cliaj'ilable activitie5. Fund aecountlng Unrestricted funds Can be used in accordance with the charitable objectivcs at tlie discretion of tlie trustees. RestTl¢ted funds can only be used for particulai. resti'icted piii'pose5 Wltliin tlie objects of tlie cliaTlty. Restrictions 8L'Lse wliert specified by the donor OL" when h]nds are raiscd for paTticulai" iutricted purposes. Furtlier explanation oltlie natui'e and puipose of cach fund is iiicluded in tlie notes to tlie fsnancial slaleinents. Page 6 eotttinucd...
TIOC Notes to tlit f4 inAtieial StHtemLiits- ¢oiitliiue foi. tljc Ytai. F.thded 5 A I'll 2024 DONATIONS AND LEGACIES Perlod 1.4.22 YeAY Ended 5.4.24 5.4.23 Donation5 574 000 403.212 INVESTMENT INCOME Period 1.4.22 to 5.4.23 YeAr Ended 5.4.24 Deposit aecount inteir5t 24.654 CIIARII'ABLE ACTIVITIES COSTS Crant furtding of {see note 5) Donalion 238.250 GRANTS PAYABLE Perlod 1.4.22 to 5.4.23 Yeai. fi nded 5.4.24 Donatloll 238,250 285.497 Page 7 ¢otstirtued...
Tl()C Nules to tllc FlthAiiellll Statenieiits- coiitiiiued ror the Yeui. nded 5 A l'il 2024 SUPPORT COSTS Other Oihei. resource5 expended 3,770 TRUSTEI ESI REMUNERATION AND BENEFITS Thei'e were no tsustees, reniuneration or other bet)efJls for tjie year ended 5 April 2024 nor for tl)e period ended 5 April 2023. Tru$tees' expenses Tliere were no trustees, expenses paid for Ilie Ye ended 5 April 2024 nor for tlie period ended 5 April 2023. COMPARATIVES FOR THE s'fATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS DROM Donations alld legacies 403212 EXPENDITUIIC ON Charltable activities Doiialion 285,497 Oihei. 50 Total NET INCOME 117,665 RECONCII.IATION OF FUNDS Total funds brouglil forward 1,638,083 TOTAL FUIYDS CARRIED fioRWARD 1755 748 Page 8 cot]tinued...
Tl()C Nolcs to tlie Fliiaiic5al StAttnJetits eoiitiiiued loi. tlie Year Liided 5 A i'll 21]24 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YF,AR 514124 514123 Otliei. ciEdilors 1.719 3,699 10. MOVEMLNT IN FUNDS Net niovenicnt in funds At 5.4.24 At 6.4.23 Unresti'icted funds Geii¢Tal fund 1,755,748 356,634 2,112,382 TOTAL FUNDS 1,755.748 356,634 2 112382 Net movement in funds, inclilded in the above ai"e as follows.. Incoming J'esource5 Resources expended Movement in fund$ Uni'estrieted funds General t}d 598.654 1242,020) 356,634 TOTAL FUNDS 598 654 242,020) 356,634 Conipai'atives foi. iiiovenicnt In funds Net moveineiit In funds At 5.4.23 At 1.4.22 Unrestricted funds Gcncral fiind 1,638.083 117,665 1,755,748 TOTAL FUNDS 1.638.083 117,665 1,755,748 Page 9 coiitinued...
TIQC Nutcs to tlic fi jiij)[)ci#l StateiJieJitS- ¢(biitiiiued fol. the Yeai. Ended S A ril 2024 io. MOVEMEIYT IN FUNDS- coiitÉnued Conipai'ative net Inovenient ii) furtds, included in Ilie above al'e as follows.. Incomiiig resoui'ces Resoui'ecs expellded Moveinent In funds Unresti'icted funds G¢n¢ial fund 403,212 (285.5471 117,665 TOTAL FUNDS 403 212 285.5471 17,665 RELATED PARTY DISCLOSURES There WE no iElaled party traiisaction5 for the yeal" ended 5 April 2024. Page 10
TIOC Dcl#ileil Stten1t]it (bt. TrinAiicial ActLVltie5 roi. tlic Yeai. En(Icd 5 A I'll 2024 1.4.22 to 5.4.23 Yeai. 5.4.24 INCOME AND NDOWMEI NTS DonAtioiis and legficies DonatlOll5 574,000 403,212 Iiivestment incon]e Deposit a¢eount interest Total lijeoming i'esources 598,654 403,212 EXPENDITURE Cliaritable aetlVLties Donalions giveii 238.250 285,497 Support costs Other Accouiitan¢y & audit 3,770 50 Total resources expcnded 242,020 285,547 Trlet in¢oine 356634 117,665 I'his page does not foi'iii part of the ststutory finan¢igl statements Pagell