2021-07-31-accounts

Charity Number 1190298 CIO No CE022439

The Tricia Killen Charitable Foundation

A Charitable Incorporated Organisation (CIO)

Report and Unaudited Receipts and Payments Accounts

Period from 8 July 2020 to 31 July 2021

Trustees' Annual Report					for theperiod
From	Period start date			To	Period end date
	8	July	2020		5	April	2021

Section A Reference and administration details

Charity name The Tricia Killen Charitable Foundation

CIO Number CE022439

Registered charity number 1190298

**Charity's principal address **	255 Muswell Hill Broadway	255 Muswell Hill Broadway
	London
	Postcode	N10 1DG

Names of the charity trustees who manage the charity

1 2 3	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
	Michael Donald Ross		Appointed 8 July 2020
	Paul Francis Killen		Appointed 8 July2020
	Susan Ann Killen	Chair	Appointed 8 July2020
	Names of the trustees for the charity, if any, (for example, any custodian trustees)
	Name		Dates acted if not for whole year

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)
Type of adviser Name Address
Independent Examiner	Monika Hazelton, Winston Hazelton & Co Ltd		34 Arlington Road, NW1 7HU, London
Name of chief executive or names of senior staff members (Optional information)
Section B Structure, governance and management
Description of the charity’s trusts Type of governing document (eg. trust deed, constitution) Constitution adopted on 8 July 2020 How the charity is constituted A Charitable Incorporated Organisation - Foundation
		Constitution adopted on 8 July 2020
		A Charitable Incorporated Organisation - Foundation

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• (eg. trust, association, company)

Trustee selection methods (eg. appointed by, elected by)

Apart from the first charity trustees, every trustee must be appointed by a resolution passed at a properly convened meeting of the charity trustees.

Additional governance issues (Optional information)

The Foundation is under the overall control of the Trustees, who conduct You may choose to include the affairs of the foundation. The Trustees try to meet twice a year to set additional information, where the policies and overall direction of the charity, to review its plans and to relevant, about: discuss the management of the foundation.

	ptional information)
	The Foundation is under the overall control of the Trustees, who conduct the affairs of the foundation. The Trustees try to meet twice a year to set the policies and overall direction of the charity, to review its plans and to discuss the management of the foundation.
• policies and procedures adopted for the induction and training of trustees; • the charity’s organisational structure and any wider network with which the charity works; • relationship with any related parties; • trustees’ consideration of major risks and the system and procedures to manage them.	The number of Trustees shall not be less than three but there is no maximum number of the trustees that may be appointed. The Trustees consider the board of Trustees to be the key management personnel in charge of directing and controlling the foundation. The Foundation has an open recruitment procedure for new Trustees who have the appropriate skills and experience to meet the needs of the organisation, and has procedures for the induction of new Trustees. If the foundation is wound up, the members of the foundation have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities. Each trustee is also automatically a foundation member. All Trustees give their time freely and no trustee received remuneration during the period.

Section C	Objectives and activities
Summary of the objects of the charity set out in its governing document
	To advance any purpose which is charitable under the laws of England and Wales.

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The Trustees have had due regard to the guidance issued by the Charity Commission regarding public benefit. Summary of the main The Foundation will be making donations to carefully chosen existing activities undertaken for the charities based on strategy that is being developed. public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

Section D	Achievements and performance
Summary of the main achievements of the charity during the year
	As the first period of operations happened to be during the Covid-19 pandemic, the activities were mainly concentrating around the administrative tasks such like setting up the foundation, opening bank accounts, agreeing on investment strategy, and considering which causes it would be appropriate to support and how to go about choosing them. All tasks were carefully considered to prepare the Foundation to make meaningful donations to chosen charities as soon as possible. The Trustees take a prudent view regarding the investment of surplus funds. The Trustees have considered the most appropriate policy for investing funds and Ruffer LLP were chosen to be the Foundation’s investment management company. The first £50,000 was invested on 4 August 2020. Ruffer seek to be responsible investors, fully integrating environmental, social and corporate governance issues into their investment process.
Section E Financial review
Brief statement of the charity’s policy on reserves
	Patricia Mary Killen (known as Tricia) died on 14 September 2014 intestate. The Foundation was established in her name and received the initial gift of £200,000 on 31 July 2020, based on Deed of Variation. Trustees have decided that the foundation’s unrestricted reserves should be kept no lower than £5,000. The Trustees consider that there are no material uncertainties related to events or conditions that cast significant doubt upon the Charity's ability to continue as a going concern. The Trustees have made this assessment for a period of at least one year from the date of approval of the accounts. In particular the trustees considered the Charity's budget projection. The Trustees made enquires and have concluded that there is a reasonable expectation that the Charity has adequate resources to

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Cr￿11)u? n Iwalw)nal existen¢% br the foreseeable fvIuTe. Oetalls of lunds m•l•rlally in deficit None Section F other optional information COVID-19 Pandemic.. The Tiuslees considered Ihe issue of the FOundat￿n'S sustsinabilily in Ihe lJlil uf COVID-19 Ind ¢￿7￿{￿j￿1 Ihat il had aéoquate Tesems at present. Allhough Co%K1-19 affecled the foundation's actr￿118$ at beginning. the foundat￿n was ready lo woceed with its thilablts grfling In the next financial ye8r. Section G Declaration The trustees declarf* thxt ihey have 3pprovèd thè irustees. report above. Slgned on behalf of the charlty's trustees 81gnatur• Full nam? Susan knn KilEen Posltion leg Secrotaryi Chair, etcl Chalr Date 3C). ?022

Independent examiner's report on the accounts

	Independent examiner's report on the accounts	Independent examiner's report on the accounts
	Section A	Independent Examiner’s Report
Report to the trustees/ members of On accounts for the period Set out on pages		The Tricia Killen Charitable Foundation From 8 July 2020 to 31 July 2021 Charity no 1190298 6 and 7
		6 and 7

I report to the trustees on my examination of the accounts of the above charity for the period ended 31 July 2021.

Responsibilities and As the charity trustees of the Charity, you are responsible for the basis of report preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

• accounting records were not kept in accordance with section 130 of the Act or

• the accounts do not accord with the accounting records

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed: Name: Relevant professional qualification(s) or body (if any): Address:		30/05/2022
	Monika Hazelton FCCA
	Winston Hazelton & Co Ltd Chartered Certified Accountants
	34 Arlington Road
	London
	NW1 7HU

Section B	Disclosure
	None

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The Tricia Killen Charitable Foundation

Charity number 1190298

Receipts and payments accounts

CC16a

For the period from	08-Jul-20	To	30-Jul-21

Section A Receipts and payments	Section A Receipts and payments	Section A Receipts and payments
A1 Receipts	Unrestricted funds to the nearest £ 200,000 1,482 260 201,742 201,742		Restricted funds to the nearest £ - - - - -		Endowment funds to the nearest £ - - - - -		Total funds to the nearest £ 200,000 1,482 260 201,742		Last year to the nearest £
Cash legacyfrom the estate of P M Killen	200,000								-
Gross interest	1,482								-
Gross dividend	260								-
Sub total(Gross income for AR)	201,742								-
Total receipts A3 Payments
							201,742		-
	-		-		-		-		-
Sub total	-		-		-		-		-
A4 Asset and investment purchases
Ruffer - investment fund	50,260						50,260
**Sub total **	50,260						50,260		-
Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end
									-
	151,482						151,482		-
	-						-		-
	-						-		-
	151,482						151,482		-

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CIIARITY COMMISSION The Trlcia Killen Charltable Foundation Charlty number 1190298 Receipts and payments accounts CC16a For pttlod To 141 Section B Statement of assets and liabilities at the end of the period Unrtstricted Re5tr?cted furxt to Ib•ini81 E E17dowrnerit Calollorios DotaHs fund6 fur￿ to ne4reit É Io D••si E ea8h lunda 161AB2 Tot•1 ek$h thnds 151.182 UnieslfOcte¢J fund5 i• nLYAt £ R•strIc￿l Endowment to H•x•s1 to n•ar#%t t B2 Ot￿r monetary assels Current B3 Inv•slm•nt a88•ts soJo 55A55 Fthdt•whl¢h D•ta115 ¢o•i (op¢hJNII turmnt lafi B4 A•¥•t¥ Yel•lned for th• Fth¥to bull Urrtstrcthj elails ion BS Ll#bllltl•A Cp. ¢I¥TtyoMI UreStra JufW ZO by Cf C•1 beh￿[Of all triL%ie*s Daits of Print N￿8 i Ahfth Kil•rth '3bl.