REGISTERED CHAR5TY NUMBER.. 1190326 Rèport of thg Tru6t¢o8 and Fin?nclal Statfrrnonts for tho Yoar End•d 31st Dec8mb•r 2124 Thom•8 Corbett'* Charlty
Thomas CortAIt's Ghar]ty Content8 oftha FIn•1 5ts1omonts for tho Year Ended 31st DecAmb&r 2024 Pag• Roptsrt olth• Tru8too3 1 to 3 8lat•mont of Fln•ndal Atsllbltl•• Balanc• Sh••t No*M to th• Fln•ncl•l St8tsm•nts 6 to 8
Thomas CorW'4 Charlty Report ofthè TNBtoos forthe Year End&d 318t Docambor 2024 The trust&88 present thejr rgport wtth ti fm. n¢L81 staiemgnts ofthe chartty forthe yoer ended 31st &mber 2024. Tho Iruslees have adopted lh8 provlslons cf Accounilrg Reporung by aiarile8- Statem@nt tsf Rewmmondad Pra¢tlc& eppllc2blo to charftles p?8rg thelr aCunts In arxordance With the AnancLql Ros)0ng Stsndard appllcable ITT the UK 8Trd Repub'lc of Ireland IFRS I2} leffecuve 1 Jonulry 20191 OBJECTfvES AND ACThT]ES Obl6ctlve8 gnd almB The obl9clg of the CIO WG, forth• publlc benefflt th8 proventbn or lIef ofpoverty by the provlsion of ela1 h)u8lng h the fomi ofelrn8hou88 awmmodallon frjr per80rn8 who 8r• In nggd, hard$h'p or d8tr888. 8uch chartt8trA6 purpos95 for thg bendil ot oftho dm8housgS 88 the tru8te88 from Ilm& to 11rn8 d8clde, Publ1¢ b•n•nt Th8 truste09 conflrm that they compjed wNh Ihe thJty In 88ctiDn 1716} ol the ChartUe8 Act 2011 to have dua rag4rd to guldantx publJ8hed by th8 Charlty Cornmlsthn on Lefft vthèn th& charlly'$ alm8 and obl8cllvofj ond In pt8nnlng futuro ACHIEVEMENT AND PERFORMANCE Charltabl• actlvltl88 Th8 charlty ha8 nctyot tMOnced NANCIAL REVIEW Flnanelgl po¥Stlon There w88 nts Incom• gamgd or gxpendbjrn g6n•rat•d OJrfrvJ thp >wr R48•rvets pollcy There ar• curr8nlly no ro88rv&s In th8 Charty. Page 1
Thom Corbelt'8 Chlty Rèport ofthg Trnst¢O$ for th8 Year Ended 318t December2024 FINANCIAL REVIEW Invè15tmÉnt poll¢y and obl•ctsv The OblecvaS of the pollcy 8r8 to ensurg thg crg3lor. of 8uffldanl Incorne and c&pltal mih 10 8n8blg the chaAty to oarry out Its pU08e9 consL8lenlty year by yoarwth dua and propsr con&derAtion fOrfvre needs and the m8lnièn8nGe, 9nd11 PO88lbk8, enhoncement of the v81u8 of the Invo8t&J funds. The Iru8tee8 1] Inv961th0 fvnd8 In acp£¥dwAwth tha TAxta8 Act 20, lch r4ulrBs that tho tru8taO8'. shall exerci8a 8u¢h power th tha ¢8ro Ih81 a prudent pornon of buth88s woukl In mrj Inve8tm8nts for a Pgr8Dn forwhom they fdt mllY ow.iggd to p8,. 8hafi not mako any wjeculallvo orh8zardou8 Inv88lmgrrt land foravoldgnc& ofdDubl th18 powar to Inv1 do88 not extbnd lo18j cul money on th• 8cqulgltk)n of fJturo8 ond or dlrrfj optlon81; 8hg11 IAvo rgganl to the noed for of InvgtheniB In thè drcumgtanrm of tho and to th gultablllty ot Ihe propog&d Invaknents; vlth the exception of Brflgh GLwemnentSecuriUo8, the InIt Inv88lmsnt In ona holdlng should rK)l excead 6Vo ol the total valu9 of lh8 POrtfo1108 and th& of dl hcA¢lng8 In exc8$8 of 5% not b8 equ&l to or oxc4ad 40% end wh6rn no Inthvlduol holdlnu knlll be greatsrthan 1C•A: Ih•r8 8rè no elhlG81 orqgcgrephkxl reth¢&)n8. Addhfondly, the trust888 have 4 duty to r•W thelr Inv••lment8 al IrrteM18. The tru•to•1 wll raYl8w th• InlMent ponw ql19oSt 8nrualty. The trU6t m8yth8ng8 Y partof tho 91 ary llmo. The Inv88tmenl mBnagar muet be an oJthorf8ed pe) 16 lJ6d trj ¢8ry out Invo8tsranl jn09• un6èr th• prOvIon8 of th8 Fln8n¢ld SeNlces kt 1a86. Tho Irusfe88 havè dd&38tsd th6 p)vMr8 of b)vestn man•8n1 to Rathbone InvgBknent ManaiT8menl. Tho •ppolnlmenl ofRathbone Invg8thent wll be on 8 r8wlar ba819. P•rfomTan The totsl vdu8 of th& p¢xfft>1106 1[ b6 moasurolt ty r6tsr8nc& to tha FTSE All Share Indax. Cash DoposFt8 Ca8h doposlts 11 ba plwd bvlth •iproved b8nkB 1h 8ultst48 raUng6 8TRUCTURE, GOVERNANCE AND MANAGEIIENT Qovernlng docum•nt Tho ¢hwity is ¢trOlled by Its govemlrtg (brn9n a ¢on6Utyfjon. and con6Jtu1•8 8 Charltsble h0orpora organi8811on. R•¢Nllment and HPPO]ntm•nt of now truJl•o$ Tha board ofTrustees 8ppoknl new trust•tss %then posllons b4 vanL D•clslon maklng DoCi8ionB rnado by thg bu8tees kn general m09tia and Lrft*w dadOnI9 ddwJa¢ed to tho REFERENCE AND AOlItINISTrATfvE DETAILS R•glst•r•d Chfjrlty numb•r 1190326 Prlnclpal 8ddr••# Fem Bank ke Lan Samboume Raddltch Worceslershlre B06 6NY Page 2
Thoma8 Corbgtt's Charfty Roport of tho Trust ftr tha Yoar End8d 31st Doc6mbgr2024 Truslo48 Mrs R R Wyall Mrg S M Cullar MrEABWobb Mr C Caddlck Ir6 J Colllno& Indopond•nt EX8mlr Mell8$a Go¢.vin ACA ACCA The Rlchord8 Sandy Partnortyhlp Llmlted Thorneloo Hous& 25 B4rboumg Road Worc8elèr wo¥trShIrS WRI 1RU Bank•r8 CAF 25 KIng8 Hlll Avwug tQng8 Hlll Wo81 Mallino Kènt ME194JQ er- Tru8ts9 Pfy3
Thoma8 Corbett'8 Charfty stalotnertt of FInancI Acts'vltips forth• Ygar Ended 31st D0mbar2024 2024 Total funds 2023 Total fijndg UftrgBtrIGted Rest fvnd EnClowmI fund INCOME AND ENDOWMENTSFROM DonatJM$ and legafyps Charltabl• acllYJtle8 maintenc Of WycThbold Alm8hou88 Inveslment InMmo Total EXPENDifuRg ON Ralslng fvnds CharltAblè Gtlvllle8 Malntfjnan ofWy¢hboid Alm8hcu¥a Totsl Nèl 081n[lI?fj?1 on Invaments NET INCOMEIIEXPENDITURE) 12,1651 (2,1051 RECONCILIATION OF FUNDS Total fund8 brought IoN48rd TOTAL FUNDS CARRIED FORWARD Th8 not88 fomi part o1th8se flnandal $tstfjrwnis Page 4
Thoma¥ Co[tY8 Chaty ance Shegl 31$t December 2024 2024 Total funds 2023 Total fund8 Unrg8trktwJ RO& Endowmanl nd snd fund NolèB FIXED ASSETS T&ng,'ble assots Invg8tmenls CURRENT AS8ETS D8btor8 CaBh at bank 6,765 8,78J 10,168 CREDITORS Ajnounts f8111ng du• thIn yoar 8,950 8.9to 16,166 NET CURREKf ASSETS I ILIA8ILlnESI 12,165) 12,1 OJI TOTAL ASSETS LE88 CURRENT UABILITIES 12,1651 12,1831 NEf A88ETS I ILIABILmE81 FUND8 Unr8¥trlcted fvnds Rg8trlclod fvnd8 Endowmènt rund8 ,1001 TOTAL FUNDS The ffinaryial Stalerngnts w•r8 appn)ved bythè Brd ofTNstee$8nd aulhl801Orll9on.... 4ndw g gned on Its beham by: M Cutter- Tru8tèEI Th8 rLOt88 foM Fort of fhwJe knwKial *tQEn8nts Page 5
Thomas CorbBtt'• Chartty Not08 lo Ihg Flnanclal Stsfemenls forthe Yoar Endod 318t DoGember 2024 ACGOUNTING POLICIE8 BA518 OF PREPARING THE FINANCIAL STATEMENTS The finanual state.mènts ol tha eharily, wNGh 16 a puJllo benafft anttty under FRS 102, have bean pr8pgr8d In accorl¥nc¢ wtth th8 ChartU•g SORP {FRS 1021 Accounung and Reportlng by Charftle8'. Stal£menl of Recommended PradeA applleable to th8ritlesprepary thra¢cnI8 In acthrdC0lh thg Flnandal Reporting standar(t appllGablo In the Ut< gnd RopUblI of Ir81ar,d IFRS 1021 {effttUve l January 20191,, FlnAnclBI Rtportlng Standard 102 Tha Fln8ndAI R8porUng S12ndard appliTrblfj l? lh& UK aid Ropubl G of Iroland. and th9 Chodle8 Act 2011. The financlal slgterr,8k) P8Vo b8on prep&red undar the NBtorfr491 ¢o8t conv8nlion, wrtlh th8 exc8ptTon of Invfr8tm8nis whloh 8re hUd at market vauo. a6 modNl8d by th8 revdualjon ofG8rtaln a880t8. The algnmcanl acGounlng ponde80p1ed In tho pptIOn of Ihe88 fln8nclg18tatwnents are 881 ¢)ul below. Th8 p&Ic5 hava been n516t0n1fy 8thlJ 81 all y•#r8 pre8ented unlgs8 0trgrwl$& 8at8d. Thg account8 ar• pTrperod In Stsrtlro, wNd)18 the fiJnctlonBI (yjffency of the tharlty. moI8ry om)unts In th&b8 8talThnts arg rounded lo thB nryst 5NCOME All Inc(Mne l& re¢cgnlBed In th• Slo18menl of Fln8nrad Actmtlag onc8 tho (adty h99 enllemgnt lo th& fvndo, It18 probabla that thg Incom 11 bo I1Ved ond lh8 8moimt be m69Bur9d rellabty. InLyJm6 from m8lntenance relp1• rw18èd In lIne1h th8 pefloJ8 to vthkb ch Ineoma r8l&la& Grant InGoThe L8 rwnlfjod when th8 charty ha8 ba nobfied cltho amount& Ifther8 are condllloni 8tshed to the grant ond Ihl$ 18qult8 18vo1 of pgrformarTh bgforn onlaerTt can b• cbtaln8d then Incom8 Is def¢rrod Ul tho30 oondllbnyare fullymotorlha fulfllmentolthc68 condlUc+nJl8 'In the wntrol of tr¢h8Htyand M18 fmobablo thatthey Wll bg fijflld. lft¢om& frorn1181gd I051Ment81a rae4rd88d thè dghlto poymertl l• •)tabll8hed, EXPENOITURE Llthlll88arè re¢L¥n18ed 83 0xpfndth88 8oon88 thor• IB a 81 orcon5tn1 01081&0m commttdngthecharfty to thAt &xpgndllure,1118 pmbable that a transferof 8coMmlG bgnefilsw11 bg requlred In Sattlamenl 8nd lh8 amount ol the obllgatlon can be me89ured rellaNy. Expendl¢ur8 1$ 8ccountsd for on an aocru81s b863 and ha8 been ¢la88NI& under heBd ng¥ that&ggregg1o dl co81 Tefatod lo the cJlegJry. Whwe cost8 cannot bg dlrocui attrfbutad lo partkularhoadlng8 hav8 been 0Ctl tO1v•1 M a bods o)n8lentth tha u•0 ofr68ouffjeg. TAXATION Th9 ¢horfty18 gxomptfrom tax on It8 char1thble a1•& FUND AGCIXINTING Unraalrlct8d fund8 ¢an wed In aCc(d8r wllh thg rthorftsblo obcVe& at th9 th8crthn olthB tN61080. Rèslthctgd fundB can onty b8 U8èd for prdeular rn8trlthY pU038B wlthln tho Obj13 oftho trha. Res¢10Th3 rl$o whon $peGified by thei%)nor orwh8n fiJnd8 are hx parMol8rr98tr1cted pun)00 Further eXpl8r.on oftho naiwg 9nd purpoeè oleach fund * Inc4ud9d In the notsa ip ihg fknanclal 8talèment Py6 contiw8d...
Thomas Corbelvs Chartty Note5 19 th? FInancI Statements- conunuèd for the Year Ended 3181 December 2D24 AGCOUNTING POLICIES. ¢ontlnued FINANCIAL INSTRUMENTS The charlty haB aletsted lo apFly th8 of $8cUon 11, B0C FlnEndal InÈtrumont8' and S8cVon 12 '0fher Flnan(ya Instruments Iwo8' of FRS 12 to all of ts finAndd In8tnJmwts. Flnandal I1Ments arg r8counld kn th8 chartty bn•9 pgty to contraciual provl4onfj oltho Inslrumgnl. Flnan¢l81 asBet8 Bro Off1. wth th& nat 8mour.ts pregantad In tho a¢o)unte Yth8rg thorn 18 8189glly enfo&ts1e rkJh',tO 8$1 off the r8c¢>Jnlsad arnounts and Ihsr818 81 Itsna to 8eW& on a nat bas18 orto rea1188 tho É886t and tho Ilablllty 81mLtIts,i¢oudy. B••l¢ Flnonclal A88•t¥ BaslG flnanclal a688ts, whlctr. hGLde trad8 and olh8' rece&ble8 and c88h 4nd benk bA',8nca¥, 4re Inlually measured altransacdon pHco Inclu(llr.g tran80cdwco8ts and 8re 8ukne(wgnUy carrted at om0198d coat UBlng th8 effecvve Intsr08t mathod urlgss tha affary4Tr8nl con5111ul88 8 flnandn9 tran8adon, wh8r8 thg lrnnsactton l# m8a6ur8d attho pr08anl v8luo of th8 fijture 0&pts d18ceJJnted ai 8 m8rket rat& ol Int8ro81. Flnanolal Uabllltl•¥ Baslc flnanclal y8bllllle8, IncliJdlng trad8 and (xhw payab168. oro InM81y rJco9nl8od at tranBacton pth unle88 the ryaroemont con8tilutos a flnanclng tran8adJn. whwe lh• d?bl Inetrent18 mea¥utvJ al thè pr8Benl valu8 of lutum rtrGolpt& dl8coJnted ot 8 m8rt¢èl rgts ol Ir.terB8L Doèt InNmgrfs &• wJb88qu8nfjy cath•d 41 arx)rt18ed 8( u8]ro lheeffact$ Int&re81 m8th0d. -rade payablo9 are obllgatton8 to pay forgood8 or88ce8 that h&ve be8n 8cqulr&d In lh9 ordlnary courne of the owraJon9 from 8upp',18r8. Account6 payabl& ore cl88gll&d a8 curnnl IlgNIMle8 If paymgnl15 du8 wtthln ong y&ar Dr 1968. If nc, they are PTgwnl¥d 08 no[Hrrent118brI1l8& Trnd? payablee 8r8 rgn1ad Inltlolty atlron8o¢Uon fy)6t. CHARITA8Le ACTJVMES COSTS SUPPORT COST8 2024 2023 Legal 1989 2,165 P8go 7 conlnued...
Thornas CgTbgtt's Charlty Notes to the Finanr131 St31oment6-contlnued for the Year Ended 31$t D&cembar 2024 TRUSTEES. REMUNERATION AND BENEFrrs There were no trustoes, MuneralDn or other b8neffts for Iha yèar 8nd8d 31st Dac8mb8r 2024 nor for th8 year 8nd8d 31st De¢8mber 2023. TRUSTEE8' EXPENSES There were no tru8tsè8' expenses pald for thè y68r ded 318t Dernr2tr24 nDr tor th8 y88r ended 31st Dacembor2023. CReDITOR8.' AMOUNT8 FALLING DUE wmiiN ONEYEAR 2024 2023 mount dtja to Thom*8 ¢ryb8if8 Charfty 202032 16,188 RELATED PARfi DISCLOSURES Durfng tho year gndad 31st 09mbEr 2023, a baik aOUnt was opgngd wllh CAF, All tron$a¢tlons In th18 8c¢ount rèlatè to the Thoma8 CorfoetV8 Charfty r995strad nuTber 202032. The balancg In th18 account at th9 ygar ond wal £6.78612023- £16,168186 ahown kn note 4. In th6 currentyear legal And prol889lonBI fw totsllng £2,165 tAld i)n bfjhalf of th8 chaFIty by th8 Thoma8 CorbèW8 Charftyi IF915ts4Uon numbw 202032. Tnew arg Indudwj In noto 4. Page 8