## **THE RUDGE SHIPLEY CHARITABLE TRUST**
## **ANNUAL REPORT YEAR ENDED 3 MARCH 2022**
## **CHARITY INFORMATION**
## **TRUSTEES:**
Killik & Co Trustee Limited
46 Grosvenor Street Mayfair London W1K 3HN
Michael Shipley Deceased Formerly of 21B Brownlow Mews London WC1N 2LA
Philip Rudge Shakespeare Tower Barbican London EC2Y 8NJ
OFFICES:
Killik & Co Trustees Limited Crown House Crown Street Ipswich Suffolk IP1 3HS
INVESTMENT MANAGERS:
Killik & Co Stockbrokers 46 Grosvenor Street Mayfair London W1K 3HN
INDEPENDENT EXAMINER Killik & Co Crown House Crown Street Ipswich Suffolk IP1 3HS REGISTERED CHARITY NUMBER 1194462
## **THE RUDGE SHIPLEY CHARITABLE TRUST**
## **TRUSTEE’S REPORT YEAR ENDED 3 MARCH 2022**
## **CONSTITUITION AND OBJECTIVES OF THE TRUST**
The Rudge Shipley Charitable Trust is registered with the Charity Commission for England and Wales and constituted by Deed of Trust dated 11 August 2011. Under its terms the Trust is to promote for general charitable purposes the promotion and encouragement of the art of opera, its role in education the support of operatic societies, music, singing and further the education and experience of young musicians by assisting them in presenting their work to a wider public audience which in turn will also benefit through hearing artists and their music previously unknown to this public and to donate to charities concerned with the arts and arts related education of young people and persons with dementia.
## **FURTHERANCE OF THE OBJECTIVES OF THE TRUST**
The Trustees are pleased to report that during the year they have donated £35,500 in accordance with the Charity’s objectives as above.
## **STATEMENT OF THE TRUSTEES’ RESPONISIBILITIES**
The Charities Act 1992 and 1993 require the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the surplus or deficit of the Charity for that period. In preparing these financial statements the Trustees are required to:
- Select suitable accounting policies and then apply them consistently.
- Make judgements and estimates that are reasonable and prudent.
- Prepare the financial statements on the going concern basis unless it is inappropriate to do so.
- Act in accordance with the Charity’s constitution and rules.
The Trustees are responsible under Trust Law to ensure the propriety of transactions and for keeping adequate accounting records to enable them to ensure that the financial statements comply with the Charities Act 1992 and 1993. They are also responsible for safeguarding the assets of the Charity and for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **THE RUDGE SHIPLEY CHARITABLE TRUST**
## **TRUSTEES’ REPORT (CONTINUED)**
## **YEAR ENDED 5 APRIL 2022**
The major risks to which the Charity is exposed as identified by the Trustees have been reviewed and systems established to mitigate those risks.
## **RISK REVIEW**
The Trustees have assessed the major risks to which the Charity is exposed in particular those related to operations and finances of The Trust and are satisfied that systems are in place to mitigate our exposure to major risks.
## **RESERVES AND INVESTMENT POLICY**
The Trustees’ policy is to maintain reserves such that income generated is sufficient to meet the running costs and secure the long-term existence of the Charity.
On behalf of the Trustees
Julia Hacker
(Authorised Official)
## **THE RUDGE SHIPLEY CHARITABLE TRUST**
**ACCOUNTS FOR YEAR ENDED 3 MARCH 2022**
## **Trust No. KQA98P4**
## **The Rudge Shipley Charitable Trust**
## **Registered Charity No. 1194462**
## **Receipts and Payments for the Year ended 3 March 2022**
|**Date**
**Receipts**
**Balances b/f as at 3 March 2021**
Bank of Scotland
Platform Securities
**Donations received**
08/09/2021
11/02/2022
30/09/2020 HMRC Charities Gift Aid repayment|**Value**
**Value**
**Date**
**Payments**
**£**
**£**
**Purchases**
-
-
-
-
**Donations**
09/12/2021 Scottish Opera
32,000.00
09/12/2021 Opera Holland Park
3,500.00
10/12/2021 National Open Youth Orchestra
-
05/01/2022 Streetwise Opera
15/02/2022 Opera North
**Costs**|**Value**
**Value**
**£**
**£**
-
5,000.00
10,000.00
10,000.00
5,000.00
5,000.00
35,000.00|
|---|---|---|
## **Dividends**
**£ 35,500.00**
|**Balances c/f as at 3 March 2022**
Bank of Scotland
Platform Securities|-
500.00|500.00|
|---|---|---|
||||
|||**£ 35,500.00**|
Independent examiner's report to the trustees of
The Rudge Shipley Charitable Trust
I report on the accounts of the Trust for the year ended 23 July 2021, which are set out on page 1.
## Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- to state whether particular matters have come to my attention.
## **Basis of independent examiner's report**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Name: Sarah Hollowell TEP Address: Killik & Co LLP, Crown House, Crown Street, Ipswich, Suffolk, IP1 3HS Date: 24 February 2023