2022-07-31-accounts - The Tricia Killen Charitable Foundation

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Charity Number 1190298 CIO No CE022439

The Tricia Killen Charitable Foundation

A Charitable Incorporated Organisation (CIO)

Report and Unaudited Receipts and Payments Accounts

For the year ended 31 July 2022

Trustees' Annual Report for the period

	Period start date	Period start date			Period end date
From	1	August	2021	To	31 July	2022

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 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
	Paul Francis Killen
	Susan Ann Killen	Chair

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)
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

Constitution adopted on 8 July 2020 Type of governing document (eg. trust deed, constitution)

How the charity is constituted[A Charitable Incorporated Organisation - Foundation ]

(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)

You may choose to include additional information, where relevant, about:

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 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.

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

To advance any purpose which is charitable under the laws of England and Wales.

Summary of the objects of the charity set out in its governing document

The Trustees have had due regard to the guidance issued by the Charity Commission regarding public benefit.

Summary of the main During the year, the Foundation made careful donations to existing activities undertaken for the charities as follows: public benefit in relation to these objects (include within Crisis UK £5,000 this section the statutory MSF UK £5,000 declaration that trustees UNICEF £2,000 have had regard to the Red Cross £2,000 guidance issued by the Save the Children £2,000 Charity Commission on Total £16,000 public benefit)

Section D Achievements and performance

Summary of the main The Trustees take a prudent view regarding the investment of surplus achievements of the charity funds. The Trustees continue to believe that the most appropriate policy during the year for investing funds is with Ruffer LLP. Ruffer seek to be responsible investors, fully integrating environmental, social and corporate governance issues into their investment process. The fund has strict restrictions on investment in alcohol, armaments, gambling, pornography, predatory lending, tobacco, oil sands and thermal coal. An additional £100,000 was invested on 28 October 2021. The fund made a capital gain of £10,366 and received dividends of £655 during the year. All gains and dividends were reinvested in the fund. At the year end the fund’s market value was £158,843.

Section E Financial review

Trustees continued to believe that the foundation’s unrestricted reserves Brief statement of the should be kept no lower than £5,000. charity’s policy on reserves 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 continue in operational existence for the foreseeable future. Details of any funds materially None in deficit

Section F Other optional information Non Section G Declaration Th• trngt••s daclare that they have appTovod the trusl8es' rep)rt above. Slgned M half al th• ch•rfty'$ trusiees SlgnatUT• Full n•m• Sugan Ann K1 Po8ttlon (eg Sretary, Chalr. •tc Chek Datè 2D 1.3

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

The Tricia Killen Charitable Foundation	The Tricia Killen Charitable Foundation	The Tricia Killen Charitable Foundation

From 1 August 2020 to 31 July 2022	Charity no	1190298

6 and 7

I report to the trustees on my examination of the accounts of the above charity for the year ended 31 July 2022.

Responsibilities and basis of report

As the charity trustees of the Charity, you are responsible for the 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:		22/05/2023

	Monika Hazelton FCCA

	Winston Hazelton & Co Ltd Chartered Certified Accountants

	34 Arlington Road
	London
	NW1 7HU

Section B Disclosure

None

The Tricia Killen Charitable Foundation

Charity number 1190298

Receipts and payments accounts

CC16a

For the period 01-Aug-21 To 31-Jul-22 from

Section A Receipts and payments

A1 Receipts	Unrestricted funds to the nearest £ - 8 655 10,366 - - - - 11,029 11,029 16,000 1,680 2,475 - - - - - - 20,155 111,021 111,021 131,176 - 120,147 - 151,482 31,335	Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - -	Endowment funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - -	Total funds to the nearest £ - 8 655 10,366 - - - - 11,029	Last period to the nearest £
Cash legacyfrom the estate of P M Killen	-				200,000
Gross interest	8				1,482
Gross dividend	655				260
Gain on sale of investments	10,366				-
	-				-
	-				-
	-				-
	-				-
*Sub total*(Gross income for AR)	11,029				201,742
*Total receipts* A3 Payments
				11,029	201,742
				16,000 1,680 2,475 - - - - - - 20,155
Donations	16,000				-
Accountant fees	1,680				-
Solicitor fees	2,475				-
	-				-
	-				-
	-				-
	-				-
	-				-
	-				-
**Sub total **	20,155				-

A4 Asset and investment purchases
Ruffer - investment fund	111,021			111,021	50,260
**Sub total **	111,021			111,021	50,260
*Total payments* *Net of receipts/(payments)* A5 Transfers between funds A6 Cash funds last year end *Cash funds this year end*
					50,260

	- 120,147	-	-	- 120,147	151,482
	-	-	-	-	-
	151,482	-	-	151,482
	31,335	-	-	31,335	151,482

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