ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024
THE ROBIN TANNER TRUST
CHARITY REGISTRATION No: 1195082
Castle View Accounting Ltd Ground Floor Offices
53 High Street Arundel West Sussex BN18 9AJ
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 |
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THE ROBIN TANNER TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER 1195082 DATE OF REGISTRATION 7th July 2021 START OF FINANCIAL YEAR 1st July 2023 END OF FINANCIAL YEAR 30th June 2024 TRUSTEES AT 30TH JUNE 2024 Katherine Jose Taylor Cressida Jane Chrusciak Georgina Molly Morse 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 Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ
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THE ROBIN TANNER TRUST
INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS
Report to the trustees/ members of The Robin Tanner Trust on the accounts for the year ended 30th June 2024 set out on pages 6 to 13.
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 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the Charities Act,
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to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
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to state whether particular matters have come to my attention
Basis of independent examiner’s statement
My examination was carried out in accordance with 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 the 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:
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which gives me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
K. Collaku MAAT Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ
Date: 18th April 2025
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THE ROBIN TANNER TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH JUNE 2024
| 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 Gains/(Losses) on Investments 6 & 18 TOTAL FUNDS CARRIED FORWARD |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2023/24 2022/23 £ £ £ £ - - - 375 66,360 - 66,360 75,108 66,360 - 66,360 75,483 60,059 - 60,059 67,539 6,120 - 6,120 9,410 66,179 - 66,179 76,949 180 - 180 (1,466) 1,280,027 - 1,280,027 1,302,005 (3,737) - (3,737) (20,512) 1,276,470 - 1,276,470 1,280,027 |
|---|---|
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.
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THE ROBIN TANNER TrUST AT 30ThJJME 2024 TOTAL TOTAL Furd& lo23 InbYNtnts Tolal FSx•d A•• 1242,B18 1242.814 1241818 1241118 1246,555 124Q555 C•h at Bank In 13 34.913 34372 IrCURRENT AUErn 137WO 137W 1310.027 F•01th• ChwAy Genwal Fd¥ 1278A40 128Q027 Total FurA• 8n•j0nthrblbyTnAt•........................... ............................................................................................... P•d N. Katherfne Tafvr
THE ROBIN TANNER TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024
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 note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2015) (Second Edition, effective 1st January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (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 YEAR ENDED 30TH JUNE 2024
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 or the previous financial period.
The annual commitments under non-cancelling operating leases and capital commitments are as follows: 30th June 2024 : None
30th June 2023 : None
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THE ROBIN TANNER TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30TH JUNE 2024
3. INCOMING RESOURCES
| a) Donations, Grants & Legacies Gift Aid b) Investment Income Bank Interest Dividends Share Sales 4. RESOURCES EXPENDED a) Cost of Charitable Activities Bank Charges Charitable Grants Memorial Costs ` b) Governance Costs Independent Examiners Fees 9 Legal & Professional Fees Trustees Expenses |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2023/24 2022/23 £ £ £ £ - - - 375 - - - 375 502 - 502 88 29,858 - 29,858 31,020 36,000 - 36,000 44,000 66,360 - 66,360 75,108 Unrestricted Restricted TOTAL TOTAL Funds Funds 2022/23 2022/23 £ £ £ £ 85 - 85 63 53,686 - 53,686 67,476 6,288 - 6,288 - 60,059 - 60,059 67,539 960 - 960 900 5,160 - 5,160 8,064 - - - 446 6,120 - 6,120 9,410 |
|---|---|
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THE ROBIN TANNER TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30TH JUNE 2024
5. RESTRICTED FUNDS
The Charity held no restricted funds during this or the previous financial period.
6. INVESTMENTS
CURRENT FINANCIAL YEAR
| CURRENT FINANCIAL YEAR | ||||
|---|---|---|---|---|
| Balance Transfer |
Profit/(Loss) | Balance | ||
| 01-Jul-23 of Funds |
On Investment | 30-Jun-24 | ||
| £ £ |
£ | £ | ||
| JM Finn Investment Portfolio | 1,246,555 | - (3,737) |
1,242,818 | |
| 1,246,555 | - (3,737) |
1,242,818 | ||
| PREVIOUS FINANCIAL PERIOD | ||||
| JM Finn Investment Portfolio | Balance Transfer 01-Jul-22 of Funds £ £ 1,267,067 |
Profit/(Loss) On Investment £ - (20,512) |
Balance 30-Jun-23 £ 1,246,555 |
|
| 1,267,067 | - (20,512) |
1,246,555 | ||
| Cost Value as at 1st July 2023 | J.M Finn & Co Ltd Investment Unrestricted Restricted Portfolio Fund Fund £ £ £ 1,246,555 1,246,555 - |
Total 30-Jun-24 £ 1,246,555 |
||
| Additions | - | - - |
- | |
| Profit/(Loss) on Investments | (3,737) (3,737) - |
(3,737) | ||
| Market Value as at 30th June 2024 | 1,242,818 1,242,818 - |
1,246,555 |
The Charity holds investments with J.M Finn & Co Ltd and the original indexed book investment as at the 1st July 2023 was £1,246,555.30. 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 £1,242,817.95 as at 30th June 2024.
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THE ROBIN TANNER TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30TH JUNE 2024
7. CASH AT BANK AND IN HAND
| Unrestricted | Restricted | TOTAL TOTAL |
|
|---|---|---|---|
| Fund | Fund | 30-Jun-24 30-Jun-23 |
|
| £ | £ | £ £ |
|
| Cash at Bank & in Hand | 34,613 | - 34,613 34,372 |
|
| 34,613 | - 34,613 34,372 |
||
| 8. DEBTORS AND PREPAYMENTS Sundry Debtors |
Unrestricted Fund £ - |
Restricted Fund £ |
TOTAL TOTAL 30-Jun-24 30-Jun-23 £ £ - - - |
| - | - - - |
||
| 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Independent Examiners Fees |
Unrestricted Fund £ 960 |
Restricted Fund £ |
TOTAL TOTAL 30-Jun-24 30-Jun-23 £ £ - 960 900 |
| 960 | - 960 900 |
10. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR
The Charity held no long term liabilities during this or the previous financial period.
11. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Tangible Fixed Assets Net Current Assets Long Term Liabilities TOTAL FUNDS |
Unrestricted Restricted TOTAL TOTAL Fund Fund 30-Jun-24 30-Jun-23 £ £ £ £ 1,242,818 - 1,242,818 1,246,555 33,653 - 33,653 33,472 - - - - 1,276,470 - 1,276,470 1,280,027 |
|---|---|
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THE ROBIN TANNER TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30TH JUNE 2024
12. STAFF COSTS AND NUMBERS
The Charity employed no members of staff during this or the previous financial period.
13. PAYMENTS TO TRUSTEES AND OTHER RELATED PARTIES
The only payments made to the Trustees consisted of reimbursements of expenses incurred in furthering the Charity's objects and no direct benefits were received by the Trustees during the financial period.
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.
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