2024-07-31-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 2024

Trustees' Annual Report for the period

	Period start date	Period start date			Period end date
From	1	August	2023	To	31 July	2024

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

Summary of the main activities undertaken for the 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)

The Trustees have had due regard to the guidance issued by the Charity Commission regarding public benefit. During the year, the Foundation made careful donations to existing charities as follows: Crisis UK £2,000 Red Cross £3,000 Trussell Trust £2,000 Total £7,000

These donations were in line with TKCF’s strategy of supporting charities that provide help for the most disadvantaged in society, in particular those without access to health, housing and food. Our approach to donations is to give as much as we can while maintaining the foundation’s ability to sustain donations over the medium to long term.

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. There was no additional investment made in the year (2023: £Nil). The fund made £Nil capital gain in the year (2023: £Nil) and received dividends of £4,319 (2023: £2,743) during the year. All gains and dividends were reinvested in the fund. At the year end the fund’s market value was £157,291 (2023: £155,120).

Section E Financial review

The charity’s unrestricted reserves are represented by cash in an Brief statement of the interest-bearing bank account (Separate Designated Client Account with charity’s policy on reserves Layzells), the foundation’s solicitors client account and are invested with Ruffer LLP. Trustees revised their view on the level of funds held in cash. It is now believed that the foundation’s unrestricted cash reserves should be kept at no higher than £5,000. This level of funds is based on the annual cash requirements covering all administrative and professional fees. Details of any funds materially None in deficit

Seclion F Other optlonal information Going Goncein The Trusleps Cder Ihal there no material UnIrtaInlo5 r*ted IL) events tx conditions that casl significaiil doubl upon the Charity's ability In rAhnliThJe as a gc4ng LX)rw. The Trustees have maoe Ihls gsscssnienl for a pericd of 81 881 one ycat from the date Ot woval of tho ac£wnts In pArtIlar, th Iruslees consbjefed the Charws budget tml8ctM)n. The TnJslee5 math qUreS A have conduded Ihal there is a reasonable expeet81ion that ihe Charity has ad31¢ resowces CLJnlinue In operat1 8xislenGe lor Ihe foieseeable fute. Section G Declaration Tho trust¢es dofjlarg tsial Ihey have approved the tru5tees' report above. Slgned on behalf of the charity$ trustees Slgnatura Full narno Swin IWn Kilcn Posilion (eg Sécretary, Chaii, Cheir Date Si))rI 2025

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ The Tricia Killen Charitable Foundation members of

On accounts for the From 1 August 2023 to 31 July 2024 Charity 1190298 period no Set out on pages 6 and 7

I report to the trustees on my examination of the accounts of the above charity for the year ended 31 July 2024.

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: Date: April 2025 30 Name: Monika Hazelton FCCA Relevant professional Winston Hazelton & Co Ltd qualification(s) or body Chartered Certified Accountants (if any): Address: 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 from	01-Aug-23	To	31-Jul-24

Section A Receipts and payments

A1 Receipts	Unrestricted funds to the nearest £ 67 4,319 - - - - - 4,386 4,386 7,000 1,680 1,681 - - - - - - 10,361 4,319 4,319 14,680 (10,294) - 13,093 2,799	Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - -	Endowment funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - -	Total funds to the nearest £ 67 4,319 - - - - - 4,386	Last period to the nearest £
Gross interest	67				31
Gross dividend	4,319				2,743
Gain on sale of investments	-				-
	-				-
	-				-
	-				-
	-				-
*Sub total*(Gross income for AR)	4,386				2,774
*Total receipts* A3 Payments
				4,386	2,774
				7,000 1,680 1,681 - - - - - - 10,361
Donations	7,000				15,000
Accountant fees	1,680				1,680
Solicitor fees	1,681				1,593
	-				-
	-				-
	-				-
	-				-
	-				-
	-				-
**Sub total **	10,361				18,273

A4 Asset and investment purchases
Ruffer - investment fund	4,319			4,319	2,743
**Sub total **	4,319			4,319	2,743
*Total payments* *Net of receipts/(payments)* A5 Transfers between funds A6 Cash funds last year end *Cash funds this year end*
					21,016

	(10,294)	-	-	(10,294)	(18,242)
	-	-	-	-	-
	13,093	-	-	13,093	31,335
	2,799	-	-	2,799	13,093

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