# **ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE FIRST PERIOD ENDED 30TH JUNE 2022**
## **THE ROBIN TANNER TRUST**
**CHARITY REGISTRATION No: 1195082**
Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS
1
## **THE ROBIN TANNER TRUST**
## **CONTENTS**
Page 3 Legal and Administrative Information Page 4 Trustees' Report Page 5 Independent Examiner's Report Page 6 Statement of Financial Activities Page 7 Balance Sheet Pages 8 to 13 Notes to the Financial Statements
2
## **THE ROBIN TANNER TRUST**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **CHARITY NUMBER**
**CHARITY NUMBER** 1195082 **DATE OF REGISTRATION** 7th July 2021 **START OF FINANCIAL PERIOD** 7th July 2021 **END OF FINANCIAL PERIOD** 30th June 2022 **TRUSTEES AT 30TH JUNE 2022** Katherine Jose Taylor John Frederick Andrew Newth Neil Fraser Hewitt Cressida Jane Chrusciak **LEGAL STATUS** Unincorporated Charity
## **GOVERNING INSTRUMENT**
Trust Deed Dated 31st May 2013
## **OBJECTS**
The objects of the Charity are the advancement of education and the relief of those in need because of ill health and the Trustees shall apply the net income of the Trust Fund and any part of the capital at their absolute discretion in one or more of the following ways: **1** ) In awarding scholarships exhibitions bursaries or maintenance allowances tenable at any Schools or other educational establishments approved by the Trustees to persons up to and including the age of 16 years who the Trustees deem to be in need of financial assistance. **2** ) In providing financial assistance to those in need because of ill health including the payment of medical fees and the costs of research.
## **CORRESPONDENCE ADDRESS**
Kendall & Davies Station Road Bourton-On-The-Water Cheltenham GL54 2AA
**PRIMARY BANKERS** CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ **INVESTMENT MANAGERS** J.M Finn & Co Ltd 25 Copthall Avenue London EC2R 7AH **INDEPENDENT EXAMINERS** Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS
3
## **THE ROBIN TANNER TRUST**
## **TRUSTEES' ANNUAL REPORT FOR THE FIRST PERIOD ENDED 30TH JUNE 2022**
## **Objectives and Activities**
The advancement of education and the relief of those in need because of ill health.
The trustees have provided financial assistance to persons up to and including the age of 16 years who they deem to be in need.
The trustees confirm they have had regard to the guidance issued by the Charity Commission on public benefit.
## **Achievements and Performance**
The trustees have assisted with the education costs of two children following the death of their father. They have also provided financial assistant to eleven other applicants.
## **Financial Review**
The charity is financially secure following its first full year of operation.
Kendall & Davies hold a reserve in respect of any outstanding amounts payable by the estate of Mrs JR Horlock.
## **Trustees' Responsibilities**
The Charities Act 2011 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 of the Charity for that period. In preparing those financial statements the trustees are required to:
- Select suitable accounting policies and apply them consistently
- Make judgements and estimates that are reasonable and prudent
- Prepare financial statements on the going concern basis unless it is inappropriate to presume that the trust will continue in existence.
The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the Charity. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
24/04/23 Approved by the Trustees on …………………………………………………………………………………………………………………… Signed on their behalf by Trustee ……………………………………………………………………………………………………………… Printed Name: Katherine Taylor
4
THE ROBIN TANNER TRUST
INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS
Rèport to the trustÈÈsl rnber$ ofThp Ron Tanw Trust on thè aLwJnts for tho frt per¥xl ended 311th Jung 2022 sot out
on pages 6 to lJ.
Rw4pgctiv• rwpon¥lblbW•• oltrurt•x and •wlngr
Tha charity'$ tru$tee8 are mp)nsIe for lh8 pY8FwatK of tlk) ¥KxLwJnl& The Ghartty'5 tsusto85 wnsKler that an aL•Ytt Is not
r•quir•d for thi¢ y•ar undqr Boction 144 of tho C11(* Aol 2011 Ilhc chori11 Ac418nd th81 an Sndependtsnt examination
needed.
It 1$ my rgBpon6ibilty to-.
exarnine the accounts uN18r 145 01 th8 Charilies .
to fvlkjw Ili¥ knitl in thg reCi10nS gen by Charty Cornrnlsslon (undèr section
14515llbl of tho Charili¢s and
to stat8 wh8th8r part18[ m*l8rs hav8 crrn tn my alt11
Ba$ of Ind•p•nd•nt •xarnln•rfs slat•Tr*nl
My 8Momination wos Mod Ct in accordan¢• 9en•r•l given by th* CIKgri¢y Commi8&on. An yxatriiiwtiun
Includos a rotrl*w ol Ihè aecounting r9¢0fds k•pl by th• charity and a comparison of thg account$ pr068ntgd with those
records. 118180 Includes Conseration ol any unusual rtems or disctsures in th• a¢AunIs. And 88Akinc Axr)lanAtion% frnrn th8
truste88 conceming any matters. The pr(L*thJres ulwjIW7 Iwl y[Wl¥ dll itw ldeTr tliat would be requlred In
An audit, and cons8qugnty no opinion 9iv•n 88 to vknethor tho a¢4¢$ pr¢sont o 'truo Ènd foir, and the report 18
Ilmrted to those matters sel oul in staiemenl bekhv.
Ind8p•ntl•nt •x•mln•f• •t•t•rn•nt
In eonn•ctioTh wbth my •xgminalh, m¥ttw h¥8 com• to my attMti¢)n:
whlch me reasonab couse tts b8l*ve Ihat In. any wpect. the reouir•mtsnts'.
to keep •ccountiThJ ractyds in a¢¢ordarK• sectp)n 130 01 th8 Charitios A¢¢ and
to prepare 0¢U whh gcc•rd thè and compty wAth tho *xounting roqulrarntÈ 01
the Lharnies Act
havo not been rnat: or
to whi¢h, in my opinvJn. a¢lwiiKJii L* did*ii lil Lv ¥1otA¥ a ullTJ¥ibidilIty uf Ui¥ aLWUllUS iu b¥
r•ach•d.
li Collaku MAAT
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Cwg: 26th Aprfl 2023
## **THE ROBIN TANNER TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE FIRST PERIOD ENDED 30TH JUNE 2022**
|**Notes**
**INCOMING RESOURCES**
**Incoming Resources from Generated Funds**
Donations, Grants & Legacies
**3a**
Investment Income
**3b**
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
**Costs of Generating Funds**
Cost of Charitable Activities
**4a**
Governance Costs
**4b**
**TOTAL RESOURCES EXPENDED**
**NET INCOMING (OUTGOING) RESOURCES**
Funds Brought Forward
Introduction of Fixed Asset Investments
**18**
Gains/(Losses on Investments
**6 & 18**
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
Restricted
**TOTAL**
Funds
Funds
**2021/22**
£
£
£
35,991
-
35,991
31,965
-
31,965
**67,956**
**-**
**67,956**
28,057
-
28,057
4,961
-
4,961
**33,018**
**-**
**33,018**
**34,938**
**-**
**34,938**
-
-
-
1,300,220
-
1,300,220
(33,153)
-
(33,153)
**1,302,005**
**-**
**1,302,005**|
|---|---|
Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.
The notes on pages 8 to 13 form part of these financial statements.
6
## **THE ROBIN TANNER TRUST**
## **BALANCE SHEET AS AT 30TH JUNE 2022**
|**Note**
**Fixed Assets**
Tangible Assets
**2**
Investments
**6**
**Total Fixed Assets**
**Current Assets**
Debtors & Prepayments
**8**
Cash at Bank and in Hand
**7**
**Total Current Assets**
**9**
**NET CURRENT ASSETS**
**TOTAL ASSETS**less current liabilities
**10**
**NET ASSETS**
**Funds of the Charity**
General Funds
Restricted Funds
**5**
**Total Funds**
**Creditors:**Long Term Liabilities
**Creditors:**Amounts falling due within one year|Unrestricted
Restricted
**Total**
Funds
Funds
**30-Jun-22**
£
£
**£**
-
-
-
1,267,067
-
1,267,067
**1,267,067**
**-**
**1,267,067**
-
-
-
35,688
-
35,688
**35,688**
**-**
**35,688**
750
-
750
34,938
-
34,938
**1,302,005**
**-**
**1,302,005**
-
-
-
**1,302,005**
**-**
**1,302,005**
1,302,005
-
1,302,005
-
-
-
**1,302,005**
**-**
**1,302,005**|
|---|---|
**----- Start of picture text -----**
24/04/23
Approved by the Trustees on ……………………………………………………………………………………………………………………
Signed on their behalf by Trustee ………………………………………………………………………………………………………………
Printed Name: Katherine Taylor
**----- End of picture text -----**
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## **THE ROBIN TANNER TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE FIRST PERIOD ENDED 30TH JUNE 2022**
## **1. ACCOUNTING POLICIES**
## **Basis of Preparation & Assessment of Going Concern**
## **Basis of Preparation**
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.
The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.
## **Assessment of Going Concern**
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.
## **Incoming Resources**
## _**Recognition of Incoming Resources**_
These are included in the Statement of Financial Activities (SOFA) when:
▪ the charity becomes entitled to the resources;
▪ the trustees are virtually certain they will receive the resources; and
▪ the monetary value can be measured with sufficient reliability
## _**Incoming Resources with Related Expenditure**_
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.
## _**Grants and Donations**_
Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
## _**Tax Reclaims on Donations and Gifts**_
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.
## _**Contractual Income and Performance Related Grants**_
This is only included in the SOFA once the related goods or services has been delivered.
## _**Gifts in Kind**_
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.
## _**Donated Services and Facilities**_
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
## _**Volunteer Help**_
The value of any voluntary help received is not included in the accounts.
## _**Investment Income**_
This is included in the accounts when receivable.
## _**Investment Gains and Losses**_
This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
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## **THE ROBIN TANNER TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE FIRST PERIOD ENDED 30TH JUNE 2022**
## **1. ACCOUNTING POLICIES (continued)**
## **Expenditure and Liabilities**
## _**Liability Recognition**_
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
## _**Governance Costs**_
Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advice to trustees on governance or constitutional matters.
## _**Grants with Performance Conditions**_
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.
## _**Grants Payable without Performance Conditions**_
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.
## _**Investments**_
Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value.
## _**Unrestricted funds**_
These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities.
## _**Restricted funds**_
These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of appeals for special offerings for specific purposes.
## _**Designated funds**_
These funds are funds set aside by the trustees out of unrestricted general funds for particular purposes or projects.
## _**Fixed Assets**_
Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.
## _**Depreciation Expense**_
Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows:
Fixtures, Fittings and Equipment
25% - Reducing Balance
## **2. TANGIBLE FIXED ASSETS**
The Charity held no tangible fixed assets during this initial financial period.
The annual commitments under non-cancelling operating leases and capital commitments are as follows: 30th June 2022 : None
9
## **THE ROBIN TANNER TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE FIRST PERIOD ENDED 30TH JUNE 2022**
## **3. INCOMING RESOURCES**
|**a) Donations, Grants & Legacies**
Gifts & Donations
**b) Investment Income**
Bank Interest
Dividends
Share Sales|Unrestricted
Restricted
**TOTAL**
Funds
Funds
**2021/22**
£
£
£
35,991
-
35,991
**35,991**
**-**
**35,991**
12
-
12
16,953
-
16,953
15,000
-
15,000
**31,965**
**-**
**31,965**|
|---|---|
## **4. RESOURCES EXPENDED**
|**a) Cost of Charitable Activities**
Bank Charges
Charitable Grants
`
**b) Governance Costs**
Independent Examiners Fees
**9**
Legal & Professional Fees
Trustees Expenses|Unrestricted
Restricted
**TOTAL**
Funds
Funds
**2021/22**
£
£
£
56
-
56
28,001
-
28,001
**28,057**
**-**
**28,057**
750
-
750
3,990
-
3,990
221
-
221
**4,961**
**-**
**4,961**|
|---|---|
10
## **THE ROBIN TANNER TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE FIRST PERIOD ENDED 30TH JUNE 2022**
## **5. RESTRICTED FUNDS**
The Charity held no restricted funds during this initial financial period.
## **6. INVESTMENTS**
|JM Finn Investment Portfolio
Cost Value as at 7th July 2021
Additions
Profit/(Loss) on Investments
Market Value as at 30th June 2022|**Balance**
Transfer
Profit/(Loss)
**Balance**
**07-Jul-21**
of Funds
On Investment
**30-Jun-22**
£
£
£
£
-
1,300,220
(33,153)
1,267,067
**-**
**1,300,220**
**(33,153)**
**1,267,067**
J.M Finn & Co Ltd
Investment
Unrestricted
Restricted
**Total**
Portfolio
Fund
Fund
**30-Jun-22**
£
£
£
**£**
-
-
-
-
1,300,220
1,300,220
-
1,300,220
(33,153)
(33,153)
-
(33,153)
**1,267,067**
**1,267,067**
**-**
**1,267,067**|
|---|---|
The Charity holds investments with J.M Finn & Co Ltd and the original indexed book investment as at the 7th July 2021 was £1,300,219.84.. The investment was provided to the Charity as an Unrestricted Endowment and Total Return Investment. The capital and the income and realised gains derived from the Endowment can be used by the Charity for general charitable purposes. The market value of the investment funds held stood at £1,267,066.77 as at 30th June 2022.
11
## **THE ROBIN TANNER TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE FIRST PERIOD ENDED 30TH JUNE 2022**
## **7. CASH AT BANK AND IN HAND**
|Cash at Bank & in Hand
**8. DEBTORS AND PREPAYMENTS**
Sundry Debtors|Unrestricted
Restricted
**Total**
Fund
Fund
**30-Jun-22**
£
£
**£**
35,688
-
35,688
**35,688**
**-**
**35,688**
Unrestricted
Restricted
**Total**
Fund
Fund
**30-Jun-22**
£
£
**£**
-
-
-
**-**
**-**
**-**|
|---|---|
## **9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Independent Examiners Fees|Unrestricted
Restricted
**Total**
Fund
Fund
**30-Jun-22**
£
£
**£**
750
-
750
**750**
**-**
**750**|
|---|---|
## **10. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR**
The Charity held no long term liabilities during this initial financial period.
## **11. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|Tangible Fixed Assets
Net Current Assets
Long Term Liabilities
**TOTAL FUNDS**|Unrestricted
Restricted
**Total**
Fund
Fund
**30-Jun-22**
£
£
£
1,267,067
-
1,267,067
34,938
-
34,938
-
-
-
**1,302,005**
**-**
**1,302,005**|
|---|---|
12
## **THE ROBIN TANNER TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE FIRST PERIOD ENDED 30TH JUNE 2022**
## **12. STAFF COSTS AND NUMBERS**
The Charity employed no members of staff during this initial financial period.
## **13. PAYMENTS TO TRUSTEES AND OTHER RELATED PARTIES**
No payments were made to the Trustees or any persons connected with them during this financial year. No material transaction took place between the organisation and a Trustee or any person connected with them.
## **14. RISK ASSESSMENT**
The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
## **15. RESERVES POLICY**
The Trustees have considered the level of reserves they wish to retain, appropriate to the Charity's needs. This is based on the Charity's size and the level of financial commitments held. The Trustees aim to ensure the Charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily.
## **16. PUBLIC BENEFIT**
The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the Charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the Charity should undertake
## **17. COMPARATIVE FIGURES**
There are no comparative figures available as this is the initial period of registered Charitable Activity.
## **18. INTRODUCTION OF FIXED ASSET INVESTMENT**
The Charity held investments with J.M Finn & Co Ltd during the initial financial period. The Charity held a book investment of £1,300,219.84 as at 7th July 2021 and the market value of the investment held stood at £1,267,066.77 as at 30th June 2022. The Fixed Asset Investments have been introduced in to the account to reflect a true and fair value of the Charity's financial position as at 30th June 2022.
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