| Trustees' Annual Report | for theperiod | ||||||
| From | Period start date | To | Period end date | ||||
| 1 | August | 2024 | 31 | July | 2025 |
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) | 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 |
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| 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 |
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| Constitution adopted on 8 July 2020 | |||
| A Charitable Incorporated Organisation - Foundation |
1
- (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. |
2
| 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) |
Donations received in the year amounted to £5,000 (2024: £Nil). 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: The International Committee of the Red Cross £3,000 The donation was 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 achievements of the charity during the year |
|
| The Trustees take a prudent view regarding the investment of surplus funds. The Trustees continue to believe that the most appropriate policy 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 (2024: £Nil). The fund made £Nil capital gain in the year (2024: £Nil) and received dividends of £4,754 (2024: £4,319) during the year. All gains and dividends were reinvested in the fund. At the year end the fund’s market value was £164,710 (2024: £157,291). |
|
| Section E Financial review |
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| Brief statement of the charity’s policy on reserves Details of any funds materially in deficit |
|
| The charity’s unrestricted reserves are represented by cash in an interest-bearing bank account (Separate Designated Client Account with 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. |
|
| None |
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Section F Other optional information Golng Concom The Trustees consider Ihat tpre are no matenal uncert8inl*s related to events or conditions that cast Èlgnlficant doubt upon thg Charity's ability lo continue 88 8 going fGncern. The Tru61ee8 havE de thi5 assessment for a rI00 of al least one yèar from the date of approvel of Ihe accounts In l¢VIar. th8 Iruslèes considered thè CharRy's budget proiedion. The Trustees made enquires and have conduded thai there is reasonablo exwdalion thal th¢ Choriiy ha? adewate resources to Gonlinue in Op"0nl esterA Ihe foreseeable future. Section G Declaration The trusten d•clarè ihat they havo approved Ihe trustses, report above. 8igned on boh•lf ol th• charlty's trustees Slgna Full nam Posltion18g Secrotary. Chair, etcl Susan Ann Kilen Chak 4 F February 2026
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 | The Tricia Killen Charitable Foundation | The Tricia Killen Charitable Foundation |
|---|---|---|---|
| From 1 August 2024 to 31 July 2025 | 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 2025.
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: Date: 3 March 2026 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
5
The Tricia Killen Charitable Foundation Charity number 1190298 Receipts and payments accounts
CC16a
For the period 01-Aug-24 To 31-Jul-25 from
Section A Receipts and payments
| A1 Receipts | Unrestricted funds to the nearest £ 28 4,755 - 5,000 - - - 9,783 9,783 3,000 1,680 1,416 - - - - - - 6,096 4,755 4,755 10,851 (1,068) - 2,799 1,731 |
Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - |
Endowment funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - |
Total funds to the nearest £ 28 4,755 - 5,000 - - - 9,783 |
Total funds to the nearest £ 28 4,755 - 5,000 - - - 9,783 |
Last period to the nearest £ |
|---|---|---|---|---|---|---|
| Gross interest | 28 | 67 | ||||
| Gross dividend | 4,755 | 4,319 | ||||
| Gain on sale of investments | - | - | ||||
| Donation - | 5,000 | - | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| Sub total(Gross income for AR) |
9,783 | 4,386 | ||||
| Total receipts A3 Payments |
||||||
| 9,783 | 4,386 | |||||
| 3,000 1,680 1,416 - - - - - - 6,096 |
||||||
| Donations | 3,000 | 7,000 | ||||
| Accountant fees | 1,680 | 1,680 | ||||
| Solicitor fees | 1,416 | 1,681 | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| **Sub total ** | 6,096 | 10,361 | ||||
| A4 Asset and investment purchases |
||||||
| Ruffer - investment fund | 4,755 | 4,755 | 4,319 | |||
| **Sub total ** | 4,755 | 4,755 | 4,319 | |||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
||||||
| 14,680 | ||||||
| (1,068) | - | - | (1,068) | (10,294) | ||
| - | - | - | - | - | ||
| 2,799 | - | - | 2,799 | 13,093 | ||
| 1,731 | - | - | 1,731 | 2,799 |
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(HARITY COMMISSION The Tricia Killen Charitsble Foundation FOR ENGLAND ANO IYALES Charlty number 1190298 Receipts and payments accounts CC16a For the ped 01424 31-2$ Section B Statement of asset5 and liabilities at the end of the period RgstsIGted funds to É ETrdoviet funds Caleg)iies Detslls Jntts lowMr•bt E B1 Cash funds 1.731 Total cash lunds 1,rJi Unr•strict ods Rostrfcted funds EndowmeTrt funds Delai15 B2 Other m4)nelary axs•ts Fth11owl Detalls JIiP.krm>¥1 CottiopV#Jn•l OMI 184710 B3 Invo8knent a8s0ts lo •¥M b• Cwrpnl ¥alu¢ Deialls 84 Assets relained for th• Fumto fft16 l•bl Amwni Detals onal BS Llablllti 1,fj00 SHanAnn F4bru•ry