The Tinker Trust Accounts for the Year Ended 5thA ril 2022
Page I The Tinker Trust Annual Re rt for the Year Ended 51h A ril 2022 The trustees are pleased to present their report together with thc finana¢ial statements for the year ended 5th April 2022. The financial statements have been prepared in accordance with the accounting policies set out in the notes to the aceounts and comply with the ehsrity's governing documenL The Charit1¢5 AGt 2011 and Acrowiling and pOrtIng by Ch(Wities'. Statement of Recommended Practice applicable to charities prcparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRSI 02) (effective I st January 2019)- The trustees acting throughout the year, who were not remunerated and received no expenses, were.. Roderick lain Davidson Susan Lov¢grove Dividson Chrsopher Alan Sheriton Swan William Lawrencc Grcenwell Swan Mr Swan was, a partner in Currey & Co LLP, 33 Queen Ae Streel IA>ndon WIG 9HY, solicitors to the trust who also provided accountancy and tsx service5. The investment portfolio is now invested in MedDX Solutions Limited The charity's investment managers and bankers ar¢ Rathbones Inve5tmeni Management Limited, Port of Liverpool Buildin& Pier Head. Liverpool. L3 INW StrCture, Governance and ManagemeDt The charity was CStabli5hed as (I grani making trust by Deed of Trust dat¢d 27th April 2021 and is registered with tFLe Charity CottLmi55ion No: 1195428. The charitgs address is 33 Queen Anne Streel LA)ndon WIO 9HY. The power of appointmcnl of new trustees is vested in the current trustees. The trustees activ¢ly r¢vi¢w th¢ p¢rceived major risks which th¢ Charity faccs and the trustees arc satisfied that the systems in place mitigate these risks. Th¢ tr<iinin8 needs of the tste¢S are reviewed on an annual basis. The training LOSts' incurred in the current year are £Nil {2020121= £Nil}. 'I'hey have received appropriate briefing on their responsibilities undcr the law relating to charities and their duty to ensure that their charitable a¢tivities are for the publi¢ benetit. -l-he selection of future trustees will hdve r¢gard to the skills, knowledge and expericncc Trded for the effective administration of thc Lharily.
Page 2 The Tinker Trust Annual Re rt for the Year Fnded 5th A ril 2022 Re19ted Pgrties No transaclions took place with related parties although expenses are charged for the services provided by Currey & Co LLP as disclosed above. Risk MaDagetneDt The major risks to which the charity is theoretically exposed are the incompetence of its invcstmcnt managers and the fraud or negligence of the trustecs or their bankcrs, agents or nominees. The trustees, having assessed these risks, are satlsfjed that systems are in place to mitigale thc trust'5 CXP05ure thcrcto. Objectives and Activities for the Public Benefil The trust¢¢s wnfirni that they have complied with the duty in section 17 of the Charities Act 2011 and have referred to the guidance contained in the Charity Commission's general guidance on public b¢n¢fit wh¢n r¢viewing the charity's aims and objectives and in planning future activities and setting the donations policy tor the year. The benefit that arises is the provision of funding to organisations that deTllOTrStrate charitsble purpose. The trust carries out these objectivcs by making grants or loans to other registered charities, or exceptionally to organisations which, while not registered charities, have been established for charitable purposes. The seope of the trustees, grant making 18 determined only by the extent of their SourCes. it is not oiherwise restricted either geographically or by the twe of activily carricd on by prospective beneficiaries or applicants. Public J3enefit The trustees confirni that they have complied with th¢ duty in section 17 of the Charities Act 2011 aiid have referred to th¢ guidan¢¢ Contained in the Charity Cornmission's g¢n¢ral guidanr¢ on publi¢ benefit when reviewing the charity's aims and objectives and in planning future activities and setting the donation policy for the year. The benefii thai arises is the provision of funding to OrslisatiO1ts that demonstrate chariiablc purpose. Achievements aDd P¢rformallce The trustccs consider that their principal objective8 are being achieved. The ttijstees are pleased with the progress made in the financial year ended 51h April 2022 and Ik forward to cxpanding their work wilh many other charities in the years to come. Review Cash of £130,100 was gifted into the Trust by the Settlor in 2021122 and the resulting claim for (lift aid was madc 2022123. No antS were made to giSted charities in 2021122, and the trustees are satisfied thai the charity's assets are available and adequate to meet its obligations.
Pagc 3 The Tinker Trust Annugl Re rt for the YeAr EndL¥l 5th A ril 2022 Fixed Asset Investments Investments are a forn] of basic financial instrument and arc initidlly r¥¢ognised at their transaction value and subsequently rneasurcd at their fair value as at the Balance Sheet date using the closing quoted market price. The Statement of Financial Activities includes the n gains and losses arising ott valUation and disposals throughout the year. The main form of financial risk faced by the charity is that of volatility in equity markcts and investment markets due to wider economic conditions, the attitude of investuts to investment risk. and changes in sentiment concerning equities and within particular sectors or sub sectors. ReAlised Ggins And Losses All gains and losses arc takcn to the Statement of FiTLancial Activities as they arise. Realised gains and losses on investments are calculatcd a5 the difference between sales proceeds and their opening carrying valuc or their purchas¢ vaiu¢ ifacquired subsequent to the first day of the financial year. lJnrealised gains and losses arc calculated as tlic diIfcr¢n¢e b¢tween the fair value at the year end and their carrying value. Realis¢d and unrealised invc5tment gains and Ioss¢5 are combined in the Satement of Financial Activities. Employees The charity employs no staff. Inve%tment Policy Under the Trust Deed the trustees are emwwered to invest in any mode of investtnent whi¢h the trustees could effect if they w¢re absolutely and benelicially enlitled. Reserves Policy It is the trustee5' policy to d15lr]bute approximately otke yearfs income in the course of each financial year and to relain as a reserve only siifficient to be able to respond expeditinusly and when appropriate to ur8ent appeals. At the Balancc Shc¢t dat¢ the unrestrictcd rcscrves atnount¢d to £159,625. Plans for the Future The trustees intend that the principal objectives should be pursued in perpetuity.
Page 4 The Tinker Trust Annual R¢ rt for the Year Ended 5th A ril 2022 Statement of Trustee's Responsibilities Thtr trustees <e responsible for preparing the trustees, Report and the financial statements in accordance with applieable law and regulations. The law applicable to ¢h2ritios in England and Wales requires the trustees to prepare f5nancial sialements for each finanLial year in accordan¢¢ with Unitcd Kingdom fj¢n¢rally Accepted Accoiinting Praetiee (United Kingdom Accounting Standards and applicable regulations). Under that law the truSe5 musi not appove the finaThcial Sthlements unless they are satisfied that they give a true and fair view of the slate of affairs of the charity and of the incoming regourees and application of resources of the charity for that period. In preparing these financial gt2tcmenLq, the trustees are required to: select suitable acKOUllting policies and then apply them consistently. observe the methods and principles in the Charities SORP 2015 (FRS 102)- make judgements and estimat¢s that are reasonuble and pruderlt; stat¢ whether applicabl¢ aGGounting standards hav¢ been followed, subject to any material departures disclosed and explained in the financTral statements. and prepare the fine11 statements on the going concem basis unless it is inappropriate to presume that the charity will continue in businc55. Tlie ti'ustces are responsible for k'eeping adequate uccounting rccords which are sufficient to show and explain the charity's trdnsaction8 and disclose with reasonabl¢ accuracy al any time the flnancial position of the charity and enable thetn to Lnsure that the financial yt2tements comply with the Charities Act 2011, the Charities (Accounis and Reports) Regulations 2015 and thc provisions of thc Tru8t Deed. They are also responsible for safLguarding the assets vf the charity and hence for tsking reasonable steps for the prevention and dettIOn of fraud and other irrcgularitif5. Approved by the Trugtees on 2023 and signed on their behalf by: Mr William L G Swan on behalf of the Tn]siees
Page 5 The Tinker Trust Statement of Financial Activities For the Year ended 5th A ril 2022 UNRESTRICTED FUNDS GENERAL GENERAL 2022 NOTES Income from: Donation and gifts Total 162,625 162,625 Expenditure on: Charitable activities (3,000) Total Resources Expended (3,000) Net incomel(expenditure) 159,625 Gainsl(losses) on investment assets Net movement in funds 159,625 Fund balances brought forward Fund balances carried fonvard £159,625
Page 6 The Tinker Trust Balance Sheet as at 5th A ri12022 UNRESTRICTED FUNDS GENERAL 2022 Notes Current Assets Cash at bank and on deposit Debtors 130,100 32,525 162,625 Creditors: Amounts due within one year Accruals (3,000) (3,000) Net current assets Total Net Assets 159,62S £159,625 The Funds of the Charity Unrestricted funds: Total Charity Funds 159,625 £159,625 Approvcd by the Trustees and signed by {Trust¢¢) Dated..
Page 7 The Tinker Trust Notes to the Accounts for the Y¢ar Ended 5th A ril 2022 2022 I Investment Income Dividend income Bank interest 0.00 0.00 £0.00 2 Charitable Activities Direct Support osts costs (see Dot¢ 5) (see note 6) Total Charitable expenditure £0 £3,000 £3,000 3 Direct Costs The Charity undertook no direct charitable activities and award¢d no grants in 202112022 4 Debtors 32,525.00 £32,525.00 2022 5 Support Costs Support costs - Currey & Co LLP 3,000 £3,000 2022 6 Expenditllre on Raislng Funds Investment management fees £0 7 Staff Costs There are no employees so consequently no staff costs have been InCued S Aeeruals Currey & Co LLP fees 3,000.00 £3,000.00
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE TINKER TRUST FOR THE YEAR ENDED 5 APRIL 2022 I report to the charity tru5tee5 on my examination of Ihg attcounls of the eharily for thè year ended 5 April 2022 whieh are sel out on pages 5 Its 8. Re$pon$lbllltles and ba$16 of rèport As ihe chartly's trustees you are reipgnsible for the proparalion of the 8ccount$ In g¢wrdanc with the requirements of the Charities Act 2011 c'the Act"). I report in rèspect ol my èxamination of the charity's accounls carried oul under seGlion 145 of the AGt and in carrying out my examination I have followed all th8 applicable Dlréclions given by th& Charity Commission under $e¢lion 14515llbl of the Act. Ind&ppnd8nt Examiner's Statem•nl I have Gompleled my examination. I confiitn that no material matter8 have come to my altention In connection with Ihe exawinalion giving me cause to believe that in any materlal respect.. &¢¢ounling records w8ra not kept in regp6cI of the charily as required by sedion 130 of the Act., or the accour)Is do not accord willi those records.. or the account5 do not comply with Ihe applicable reqLJiremen15 Conceming the form and content of aG¢ounl$ sel oul in the Charities (Accounts Reports) Regulations 2008 other than any iequiremenl Ihai the acGouniS glve a 'tiue and falr view, whiGh is not a matter Gonsidare¢ as part of an independent examinatk)n. I have no COrm8 and have come across no other matters in ctsnnecllon with the examination lo which altenlion should be drawn in this reporl in order lo enable a proper undèrstanding of th8 accounts to be reached. Ailsa Farey CA CTA 41h Floor 7 Swallow Street London W1B4DE OATED Ihis dayol 2tslS
Page 9 The Tinker Trust ital Account 2022 Capital introduced Balance at 5th April 2022 162,625.00 £162,625.00 Income Account Income Income from investments (gross) Gross income 0.00 0.00 Expenditure Bank charges Accountancy fees Net income befor¢ grants (3,000.00) (3,000.00) Giants made in year InLome invested 0.00 (3,000.00) Balance at 6th April 2021 Balance at 5th April 2022 0.00 (3,000.00) Total unrestricted fund at 5th April 2022 £159,625.00