ct*rÈty registrntion Dumber. 1208130
The Tangerine Trust
At￿u￿ Remand Fst)aticiol StstanenLS
forthe wiod 7 Mwy 2024 to 31 Martth 202S

The T2Dgerine Trust
Contents
Refere￿¢ and Athllirristrative De*ils
2to3
Swemen¢ 0fTrUste￿ ￿esF￿jbilltles
Indep￿¢￿¢ Auditors, ReF
5t07
Statement ofFir]An¢iaJ Activities
BaL2nce Sheel
Cash Fknv Statemet
io
Noics to the Financw] Sthterrlents
11 to 14

The Tangerine Trust
Reference alld Admillistrnlive Details
ChAimÈ
GM Bury
Trusttts
Bwy
MJR Hou8h
K Rot￿$
Charity Regi4trntloD Numb¢r
1208130
Prin¢ip*l Office
cjo Rollits LLP
Ltadel Hous¢
i8 High Stre
Hu]1
HUI IQE
McKellths
Registcred Auditor
I l RiveTrqtw
The EmbaRkmeTht P*
Vale Road
H¢aion Mersey
Slockport
SK4 JGN
Auditor
B•nk¢rs
Barclays Bank

The Tangerine Trnst
Trustett, Report
The tru#e¢s p]Esent the annual re[￿ togthl*r with thE rmartG￿[ aatemcnts aod audiiorf Trport of the chlrity
for the period ended 31 March 2025.
obJec￿ve$ And A¢ttvtt*s
Objécts
The objects of the tw5¢ w¢ to such p￿v￿¢S whith aTe chllrilable ac4wding law3 of En8land and
WaJ¢s through the provision of gJptx)rt and grants w edUc￿lon&t instiiutian& chariti<8 at)d ￿Mmunity
organi￿th0ns operating in the North of England a5 the tnskcs thijjk fjl tn)m titne to tim
Objeclives. xlrntegie¥ tTnd4clhthl
As this was our f2rA 9 month5 s￿ce re8istrBuon our f(w on getting fjJlly s* up lo deliver wrs in
fijtutt year& Key work incltthd:
. App)inting truskes
. Putting govemance and fiTW]cMi SYS￿￿$ in place
. Opening bank accounts
eceiving the initial donation
* De$l￿)ntI our grdni rnaking policy
• Carrying illitial rese8]rh io Tdentify wlv¢ fillML% couhl hwe the mrffjt impact
We ar¢ confident this etrly grourAqw0￿ gi%t us a sm grant makin8 pr0￿Me. Slnce
rotmally launching in September 2025 we've rEceived IJ appli￿(10n$ and mwje 4 awards
Publlc bell¢J71
The trustee5 confirni that have complied with th¢ of s¢ction 17 of the Charilies A¢i 2011 to
have due reg8rd to the public benefit B￿dan￿ published by Ciiarity CorDmt&sion for Engl￿d and w￿¢&
Financiol rtvtew
The charity rtteived 8 suFAst￿L￿1 founding dotMt20n of £&61J),(K)O. At the period end £500,oc￿ of this W88
ourstanding and w4s paid in fvll within a few days of the Ferl(￿ t[￿14th April 201gl.
A furthcr £1.650,000 irt gift aid h&$ beett arthitsj in these account* M the rKTiod end the full amouTrt
outstandiw The wft aid claim w&8 gjbmtttd on 16th JU￿¢ 202) attd )t the time of writing w¢ are awaiting tbe
Clatm to bc revi¢wed by HMRC.
Ihe tnws's fvttds 2Te cyrmtiy held Én cash dwits and wate int¢ttst incom& In th¢ ￿l¢)d a total of
£29,772 iY&% earned.
The initial don￿LOn and futur¢ In￿ iT￿thRe i% the ttux's g)le of ￿Co[rIe. Thue are plans to seck
rther dryJation&
Policy rtsem
The Charity vrds Set up with a i&ge inttial do￿lon paid in llistslmv￿ We are in the * sta8es of esthblishtng
the ¢harity aAd fimd5 are cut)rrtly held in L*h dwit&
Th¢ tru￿¢¢5 plan u) dityibute thc eniirety of the fimd io 8￿d cau5e5 over we eurrentty experf this to take
a￿￿0d ten year4 deFnding on th¢ number ofapplic*ion$ and levels ofntt
Th¢ ¢harity do&$ have aregu]ar inc4)oxe 9rt4DJ i*yond any tniuest ots dewtsit
While aIl funds are currendy held Én tssh th￿il% the trustees consider non4a5h lnvestsn￿ts in

The Tangerine Trust
Trnslees, Report (tontinued)
Plans for future periods
Activiiiesplannedts ll¢hieveulm%
The charity h45 Lxgutt distiibuiinE grallts ofter the perityj end. ¢aF¥eting progrdmm¢5 by Tegi￿￿ed
charities thai align with its ckn12ble obj¢¢t&
The (ruslees &xpect the mjority of rnaijllng funds to be ¢(xnrnitted Mthin M Ye￿ subject to volLTre.
qualily, gnd suitsbiltty of applic2tiorLt
StnECture? gov¢rnwttt
Nrtrore ofgoverninK docunieni
The langerine TDJA 15 a Tew5tered chsrity, Dumkr 1208130 2nd is govem&l by its constitution adopt￿ on 7th
May 2024. The trust ¢s￿blIshed by an initial gift from the foutN5er5 folloiviTrg the salt of a bu5illt&
Recnrilmeni riAd4pFoinlmeNioffftu
The t￿$1 is ¢urr¢nily managed ao)d op¢rakd by four mLStee& New TnLqets are app)Int￿ by tb¢ exrsting trLL%t
in accordance th¢ founding con5tilution. which r4uiYts at le&d arKI a M￿lMuM of five
OrgoiilsalionulstrNcr4rc
As this our fiT5t year, the trustees md regutarjy to Set up the es5eniial building blo&s: apwintment of
trustee& governonco financi8] Comrols bank accounts. Initi￿ grant-making plans.
All daY.IL￿ administrwson handled by th¢ trv#ees with help from ptofessional adI￿rS Mthere nEeded
AII trU*rcs gÈve their time frrely and the row￿￿8 o)A4LLI]tion wifi¢aily prohibits any tru*ee from ￿e1viDE
ony fonn of remunerotion or benefii from their positiott.
Trullees are rwired to di¥los¢ any rElevaDt irtere5ts in 8ny arrnnged or prop)s&1 trall￿10n with the chatiry,
and they mtL%t absent ttEmselv¢s from any diw5s1ot￿ acoDAict of Inter￿ might arise
Disclosure of illformation to auditor
Eath trustec has tsken Iha¢ Iho. ou8hE ￿ have taken as 8 uus*e io order w make themselvej awwE of sny
relevant Audit informatTrOn fiT￿ lo e#ablish that the ¢h*ity's auditor is awa￿ of thai infornation. The tnjstees
¢onfiTm (hat Ihere is 00 relevant informluon they know of and of whith thcy know the auditor 13 Iinaware.
The annual ffport was approvd by th¢ ofthe Glwity on 5 Jamwry 2026 and Si￿ed its behajfby:
GM Bury
ChoiN8

The Tallgerine Trust
Ststement of Trustees, Responsibiliti
The tN51￿ ore rtspowible for pretArit18 the tnLStets' rewt and th¢ finarKiai statemenLS in *eonlan¢¢ wilh the
Uniied ￿ngdoM Accounting Standard5 (uni￿ Kingdw Gcnmlly Accept&1 A¢yoW￿l￿g Prntti¢e) and
applicable law and regU￿tIO[L5.
The law appli¢able to charities wttires the ¢n]5te¢s to pw fin*Jcwl ststrnertts for ¢&ch fIrMnci￿ period
which give A and fair vtem" of the sta* of affairs of the cbariiy aud of the ir*oming resources and
pplicwion of rtsources of the cjwiry for that r*riipJ. In prEpariog these financiB] 5tatcmenLk the tru51ees are
required to:
s¢le¢t ￿Etable accounung pN)Ilci&s arKi then appty them consiSt￿tIY..
observe the methoth and principles ift ibe Charities SORP.
m8keJudgements and estim8*5 arE reHsorthle and prud￿￿
s￿1¢ whether applicable a¢¢wnting standards havc been follow*L subjext to mat¢riai deF4nures
disclosed and ￿p￿oined in the financiat Stattsnen￿ aThJ
pryre the fin￿¢10] statements on th¢ 8OiQR concern twis utt[￿% il is inapprwi* to pre5wne that the
¢*arity will canlinue in busin
The th551e￿ 8r¢ r¢sp)nsible for keepinR pmper x¢ountin2 ¥ecord5 iiw disclose wilh rea50Tsable accuracy al any
time the financial p￿tion ofthe clwiiy 0SKI eo•ble th¢m to enswe thai the financial 5thtanents comply the
Charities A¢t 201 l. the Charities (Accounts atMI Rep￿rts) R¢gul&ions 2(x)8. and the prrJvisioAs of th¢
¢onstjiution. The tr$5tees are a]so resp)rLwblc for s&fwardin£ the a&sets of the charity and herK¢ for tokulg
Te&8onable *ep5 forthe preventson and deieaion of fraud and other irregulariti&
The tnLsiees are r¢spon5iblc for the mwnienarKe artd in*grity of the corporate and financial inforn&tion
included on th¢ churitable comtw's iTrrbsik ￿ls1)￿O[L 8ovulling the pr¢rAration 8￿1 dissemtnauon of
rjnancial statements rnay drffer fr(ffi legislBtion in other jurisdi￿10￿%
Approved by the trustee5 ofd*¢hazity on 5 Jatnmry 21n6 siglled on tts bdwlfby.
GM Bury
Chairnan

The T8ngerine Tn￿t
Illdepelldent Auditor's Report to tlte Members of The Tthngerine Trust
Op5Dlon
We have allth1￿ the financial smernents of Tbe Tangerine Tn￿ lthe'ehariiy) for the rtriod from 7 May 2024
to 31 March 2025. iyhich compris¢ th¢ Stsiemeni Qf FiTJ8ncial Adiviiies. Balance SheeL C&sh Flow Stsieroent,
Noies (o th¢ Finan¢ial StatLTrcns. including a gJ]nmary of Si￿lfICant a¢¢ounting poli¢ie* The financiaI
reporting frameivijrk. that h&8 been applied in their prepathion is United Kingdom Alrounling Stsndard5,
comprising Tharities SORP- FRS 102 Tr Fil)￿cial Reporting SthndaJd appliLxble in ￿ UK and Rewblic of
Irelftne and applicablc law {Unittd Kingdom Getternlly ALXYPted Accounring Ptxtieel.
In our opiniots the financi8J 5tatLYxetYS:
givc 8 true and fair view of th¢ of the ¢harily's affai￿ Ht 31 March 2025 of its incomin8
resources and applic41ioo of rtsorn including its income and expendtury forthe Wi+)d then eoded.
h&ve trttn properly prepared in accordance iyith United Kin8th)m Genedly A¢repted Ac¢ounling Pra¢ti¢
have been Prepsred in a￿rdance wtth the re4uimn¢nts of CtMTiti¢s A¢A 2011.
B&sts for opknlo
We conthicted rAJr audit in with Inl¢ma¢ion￿ Stattdarth th Audiiing IUKI USAS {UKII
applicable lthv. Ollr resport5ibiiities under those are fu]ther dr*ribed in the auditor r¢5ponsibililie5 for
the audii of the fJnan¢ial slatements seetion of our TepoFL We are indeE¢ndertt of the chaTiW in a¢Eordance with
the ethi¢al rtquiremen¢s ihaL are relevwi Èo Thjr audii ofthe financial Stat￿￿ents in the UK includsng the FRC'S
Ethic￿ Standrf and wc have fulfilled ¢Jur ither ¢thical rwnsibilities in accord2nee with thtse reoullrmentk
We believE that the audii evidow¢ we IHYe obtsEr￿ is &Jfficienl and 8ppropri* w kyowde & basis for our
opinion.
Coneluslotts rel#tiDg lo golnz wntern
In audiLin8 th¢ fm8n¢ial sweTnent& have cot1elu￿j that the thjgets ￿ of the going ¢(K¥xrn i*•s or
aecounting in thc prerAration of the fjnancial statements is appropriatr.
Based on the i¥ork w¢ ￿ve rkrfO￿￿i. ￿ have noi idenlifjed arty material uneertaiThtifS relating to events or
Condit1D￿ thai indtviduaily or collectively.. may caM si8nifÈcant doubt on the charity's Ability to continue a5 a
gouig concern for a ￿ri{￿ of aÉ le•* Nv¢Jve m￿￿￿% from whth tlle Origin￿ f1raanci￿ ￿￿tements iyere authoristd
for issue.
Our re5ponsibiliti¢s and thE r¢4Thsibilities of thetnLSte¢s with res￿ w going c4)n¢em are described in the
relevant sertions ofthi$ rtport.
Other informatlon
The tr￿e5 are re5wn5ible for the other inffftna¢iM. The o1hcrinfo￿ati0n comprise5 the infom7ation included
in the annuaj repon. other thao the **emettts and our audithr's ￿[m>rt ther&)rL Our opinion on the
rinancial statements dtts not (J)v¢r the othcT info￿all0￿ ar¥1 exccpL th th¢ theNis¢ ¢xpli¢i(ty stated iu
our repor4 we do not exptts5 aRy form of &sNwarKe conclusion
In ¢onnethion with 0￿ audit of the fiDancia] statemen14 our responsibility is to re4J the othtr info￿allOn and,
in doiL8 so ¢on5idtF ivhether the other infonnation is t[La￿la[[Y Inconsis￿rtI 747th the fina￿la1 stat¢ments or
our kntrwledge obtai[￿d Èn the audil orotheJwi* arfjxaT5 10 be maleri￿[y rnis5thte¢L If Kr identify such materi
incJ)nsistenGi¢s or apparcnl material missw¢merJW are required to dt¢¢nnine whether thuE is a material
mi$4*Tnent the financial sLatemenL8 or a mai¢rial miwatement of the oiher itkfornation. If, on the
work we have perfornicd. w¢ ¢onclude that thcrr is a ma￿[al mis4atheRI of this other tt)f0m￿cK￿ are
required to reportthai facL
We have nothing to report in this Teg¥

The TAng¢rMne Trust
Independent Auditor's Report to the Members of The Tangerine Trust (continu¢d)
Matter5 on which we are required to report by eieeptio
In the light of our knowledge and under$L￿dIng of the charity and Ats environment obtsined tn the course of the
audil we have not idelltificd rnat¢rial misstatements in the TnL8tees' ReporL
We have nothing to report in Tespert of the following where the Charities (Accounts and Rwrt)
Regulatiot]s 2008 requiTes W to reponto you if. in our opinion..
adequats accounting records hav¢ llot been kepL or returns adequate for our audit have not been received
from brancbes not visiied by us" OT
the fmancial statements are not An agreett￿ttt with th¢ acwunting r￿Or¢I8 and or
¢rtain di%105UTe5 of trnstees remulleration specified by ]aw are Dot made: or
we have not received all the infornution and explanations we requir¢ for audiL
Responsibilities oftrusttts
As explained more fi￿Y in the Sloi¢menl of T￿￿, ResponsiTrfyilities (sei out on page 4). the trustees are
resExJnsible for the preparntiOD of the financial statements and for being satisfied that they give a IDJe and fair
view, and for such interna] control a5 the trustees detern)ine is necessary ￿ eDable the preparation of financial
statements that are free from materiaj mi&statemenL whether due to fraud or error.
In prepartiig the financial statern￿ts, the Irustees are res￿nsIble for assessing the ¢harity5 abitity to continue as
a going concen4 disc105in& &s applicable, matters related to going Col￿e￿ atml using the going concern basis of
accounting utde5s the trustees either intend to liquidate the charity or to cea5¢ operations. or have llo realistic
alternative but to do so.
Auditor Restmbnsibilities for tbe audvt of the fiDaDcial Statements
Our objectives ar¢ to obtain reasonable assurance about whether th¢ financial statements as a whole free
frorn material misstatemenL whether due to fraud or em)r. and to issue an auditor's rep)rt that in¢lude$ our
opinion. Reasonable assurance As a higb level of &%surallce, but is not a guardntee ttmt an audit ¢QDducted ID
a¢cordan¢e with ISAS (UK) wiu always detect a tDateria] misstatement when it exists. Mi$5tatements can arise
from fraud or error and are ton5idered ]Daterial if, individually or in the aggregate, they could reasonably be
expected to itffluente the econotllic d￿lS1On5 of users taken on the basis of these financial stalements.
The extent to which our procedures are capable of detecting irregu]arities, includxllg fraud is detailed below:
Our apprwh to identifying aDd &&sessing the Tisks of m*eTial misstatement in respe£t of iEr¢gthiti
including fraud and non-complianc£ with laws and regul￿10￿% was as follows..
. the engagement partner ensured that the ¢ngag¢ment team collectively bad the appropriate competence,
capabilities and skills to identify or recognis¢ non-compliance wilh applicable laws al￿ r¢gulations;
• we identified the laws and regulations applicable to the charity through discussions with ttustees and other
management, and from our knowledge and experience of the chartty sector.
we fo¢￿sed on s￿7￿¢ law5 and regulations which we considered Tnay bav¢ a di￿ct material effect on tbe
financial statements or the operations of the chariry. including tbe Cbariti¢s Act 201 I, Iixation legi5]ation alld
dkna prot¢¢tion, anti-bribery. employmenL environmentsl and health and safety legislatiot
' we assessed the extent of comp]iance wxth the law% and re8￿￿OnS identified above through making euquiries
of management and inspecting legal correspolldence" and
. that identified laws and regu]￿lOnS were tommunicated withtn the audit team res￿arty and th¢ t¢am retnained
alert Io instances of llonrfotnpliance throughout the audiL
Page 6

The TangerAne Trnst
Independent Auditor's Report to the Members of The Tangerine Trust (Continued)
We assessed the suscepttbility of the cl)arity'S fitiatic￿ Statements to material mis5tatemenL including obtaining
an understanding of how fraud might occur, by:
. making enquiries of manage￿ent ￿ to wh¢re th¢y ￿nsIdered there was s￿SCeptIbIlity to frau￿ their
knowledge of actual. suspected and all¢g¢d frau("
. eollsidering the Internal controls ID place to mitigate risks of fraud and nonwcompliallce with laws aJLd
regulatiOll5' aDd
To address th¢ risk of fraud t1￿￿h manwent bias and override of conttol4 we:
' perfO￿n￿ analytica] proce¢hwes to identify and Unusual or ullexp￿ Telationsbips"
• tested journal entTies to identify unusual transactions;
• assessed whether judgements and &8sumptions ]nade iti detenn1￿ accounting ¢stimth set were tndicative
of wtential bias; and
* investÉgatrd the rationale khind sigtiificant or unusual traDsactions.
tn response to the risk of irregulaTitte5 alld non￿liance with law3 and regulations, we designed procedures
which included, but not lirnited to..
. agreeing financial statement diwl¢)5ur¢s to ￿derlyIllg supporting documentati
• reading the minul¢s of meetings of those charged with governance:
• ¢nquiring of management as to a¢ll￿1 and potential litigation and clai]ns' and
• reviewing wrr¢5pond¢n¢¢ with HMRC, Televant ￿gUla￿r$ and the cl]arity's legal advisors
A further description of our r¢5ponsibilities is available on the Fitwicial Re￿rt[￿g Couttcil's website at..
www.frc.or&uklauditorsr¢spoDsibilities. This description forn￿ part of auditor's reporL
Use ofollr report
This report is made solely to the charity trusttts, &s a ￿dy, ill accordance with section 144 of th¢ ChaTitie5 Act
2011 and regulations made under sectioll 154 of that Act. Our audit work h&s be£n undertaken so that we might
state io the ttustees those matters we are required to State to trll5tees an alldit¢)rs' Teport and foI no other
purpose. To the fullest ement permitted by law, we do not accept or assume reswnsibility to anyone other than
the clwity and its tnL%rees &$ a I￿, for our audtt worK for this reporL or for the opinions we have fornied.
Paul Roper
Senior Statutory Auditor)
For and on b¢ha]f of McK¢ll¢ns, StstU￿ry Auditor
I I Iliverview
The Embankn]ent Business Park
Vale Road
Heaton Mersey
Stockport
SK4 3GN
8 January 2026
Pag¢ 7

The Tingerille Tryst
Statement of Financi21 Acttvities for the Period from 7 May 2024 to 31 March 2025
Totsl
2025
fuDds
Note
Incon￿ And Emdowments from:
Donatiots and leBaci&8
Investmcnt income
8.250.000
29.772
8250.OtM)
29.772
Tota] tnrome
8279.772
8279.772
Expeuditure on:
Charitsble aclivities
{3.900}
13.900)
Totol ￿F¢nd1lWe
Nel incone
3.900
(3,900)
&?75,872
8275.872
Net movem¢ni in fund5
&275.872
8,275,872
Retontlliation uf fund5
Tothl fi]nds C8rri¢d fonwd
12
&275,872
3275.872
All of thc charity* a¢tiviiies derive from ￿n¢tnU1n8 ¢¥xTatiotts durin£ the obov¢ peri¢yL
The note5 on pag4s I I w 14 10rn1 on Ènt¢£￿ wt of these fiTm¢iai S¢a*mcn
Pag¢ 8

Tbe Tangerine Trust
OietiistrAtiott llumber: 1208130)
Balance Sheel as at 31 March 2025
2025
Note
CvrreDt ATStts
Debtors
Cash at and in hand
2,163.069
6,116.703
10
8,279,772
CT¢ditors: A￿o￿llts f8llitig du¢ w¥thiD one year
N¢t Assets
13,9001
8 ?7j.872
Funds ofthe chartty:
Unrtstricted income ftEn
UnI￿ricted fun(
8,275,872
Total funds
12
?7).872
The financial staLemenL8 on wges 8 to 14 ￿TTe ap￿ts￿l by the tnt5tees. and wthorised For itsuc on 5 Jan
2026 signed on the]rbeh￿f by:
GM Bury
Ch￿rMan
MJR Houg}I
Tru$¢ee
The onpa&es I I to 14 fornl iniegrnl wtof finwKi8] stattmen
P8g¢ 9

The Taugerine Trust
Cash Flow Statement for the Period from 7 May 2024 to 31 March 2025
Note
Cash flows frnm operating2divtli
Net cash income
8.275,872
AdJustme￿ts to easb flows frojn non-ca5h Iteu
Invesuneni inco5n¢
129.7721
8,246,1
WorklDg capital adjustments
Incr￿¢ in debtors
In¢rease in ¢reditor5
(2,163,069)
3.9tM)
Net floM¥ trom OF￿alL[Vg activities
Cash liows rtom knvestsng 8tliYities
Interest receivable and similar in¢ome
6.086,931
29,772
Net itKrt4se in c&%h and ¢th equivaJeTts
Cth and cash equivdents at 7 May
Cash and Lth equivalenL8 *31 Match
6,116,703
6.116,703
All of the c&sb ar¢ derivtyl from a¢quisiti(ths In the UErteni fitwjciaj
The no¢&s on I I to 14 forn an inW ofthw fit)en¢ia] swemen
Page io

The Tangeriue Trnt
Notes to the Financial Statements for the Period from 7 May 2024 to 31 March 2025
l Aeeountlng polEcies
St*t¢ment tsf compll8iiee
The fjnoncial ststem¢nr5 have prepaT¢d in a¢cothR with the ￿0nd ediiion of the Chariti¢5 S¢a¢¢mcni of
ReLommended PTactiL% Èsxed in Oaoi*r 2019, Financial Retffiin8 Swidard applicable Ill the United
Kingdom and Republic of [￿land IFRS 1021 and the Clwtlie5 2011.
Basis of preparatÉo
The Tengerin¢ T￿￿¢ meets the definition of a public ttnEfit ujth FRS 101 The aLxounts (finwKtai
starem¢ntsl have b¢tn prep￿￿d under the hiaorid cost conven¢ion with itctll5 Tec4jgnL￿ SL cost or transactiL
value unl¢ss othenws¢ 5takd in the relev•Ji noids} ￿ these a￿u￿t*
Golng coll£¢rn
The Irustees consider ihai the￿ ATe ￿ material wK¢d￿li¢s &bouL the Lknitys ability to Contin￿ os 8 going
oncern.
Iniome and elldowm¢nts
Volun¢ary ui¢orTLe ittcluding donatiotL% 8iii% leRaci&s grants providc tyjre fuThthng or art of a gener
is ￿o￿lS¢d ivhen the ch8rtN has rntitianeni to the in¢om< it is WDbxble that the iThL¥>me will E¢
re¢¢iYed and the amount can be measured with wif1¢1¢￿ relÉabilily.
¢Yndlegac¥es
Donktiions and lesacies ar¢ reco￿]Sed on 8 rtteLvab]e blsis th reretpt is prot*ble 8nd the wnouni tan
relizbty Me￿red.
DIVId￿L￿ ar¢ ffttogni5ed (￿￿ethe thvid¢nd has been dexlared aodTWtIfi￿l￿ Ims lxtn re&*tved of the dividEnd
due.
EKpendlturt
thul &¥[￿dilure ts recoy1￿ once the¥e is a leg81 w constnthe Obl1gati￿ to th8t exwdttur4 it is prob3ble
sdtlement l5 required attd the omwnt bc mrawthl ￿lIablY. All c(&s are 8]located to ik applicEble
tndih]re heading aggregate Simil￿ costs to that ¢ategory. Where Costs cannot be dlrcctly attributed to
tortiCLdar h¢ading5 they have beett allor2ted on a FAsis crAJsistyN with Ltse of rfsource4 with centrd SEaff
¢os¢s ￿located on the b&8is of tsTllf 5PCrt gnd dcpTCCialion Ch￿C5 all(￿&1&4 on the ￿r$lOn of the a￿.5
Other5UPPOrt C05ts are ajlocated bsscd otk thc sprEwJ of aartro*&
GowÈr&wee ta5ts
These include the eosL8 attyibut8ble ￿ the charity's cornpl18￿e wÉth 0)n￿￿￿[o￿al and sthtutory requllemett
including audii strntegi¢ rnanagcmenl and trustees meeting5 ar¥J reimbwsed e￿n
PwIi

Tbe T8￿￿Terine Trust
Notes to the FiDanciai Statements for tbe Period from 7 May 2024 to 31 March 2025
(continued)
T￿ation
The chwity is cortsidered to t￿53 the ie&s sd in PwagTaph I S¢hedule 6 of FIr￿nCe Act 2010 Bnd
thetefott 1¢ meets the definilion of a charitable company for UK c¢JrpornlioTh t&x purpo￿ Accordingly, the
charit). is potentially exempt from t￿&1¢0￿ ¢n Y¢spect of in¢4Kne or capital gall￿ Jr¢eived within ￿tegOrIeS
covered by Cbap*r 3 Part I l of the Corpor*ion Tax Act 2010 or Sethioo of the T￿atiOn of Chargeable
Gains Act 1992. to the ￿lent th* su¢h incone orgwns aTE at4)li¢d ex¢Jwv¢ty to tharitable purpo
CAsh t45h equivalents
Cash and ¢xth 4uivaJents comprise c8sh on 8nd ¢811 de￿siL￿ and other short-teTm highty liquid
inve5Dnents are readily coThvenible ￿ a kr¥)wn amount of cash 8Tt subjed irLsignifJcant risk of
change in ¥81u¢.
Fund $trueth
UnreMricLed in¢me fvDds get￿￿ futtds thoi axe available fLf ￿e & the trt**r5 di*rtion in furtherance of
thc objectives of the Charity.
2 1Dtome from dotsatiow lezacltj
fttDds
Gtneral
Total
fun¢Ls
Don81ions and legacie5:
Dona(ions from indiyid
Gift wd reclaimed
6.600,OIXI
1,650.0(K
Totsi ftsr P¢Fiod ended 31 Mar¢h 2025
8250,(KXI
8,250,0(M)
3 luvestmeDt Income
Uttttstrlct¢d
TotaI
funds
GeDeral
Intertst receivdble 8nd sirrailaT incom
Int¢rest rcceavable on b2nk de￿sits
Total for period tndtd 31 Marth 20
29.772
29.772
29.772
4 EJpeDdlturt on ebaritxble aetlvltt¥
funds
Ge￿er41
Total
funds
Nol¢
Governanit co
Poge 12

The Taugerine Trnst
r4otes to the Financial Statements for the Period from 7 MAY 2024 to 31 M*reh 2025
{CODtilllled)
S ADaly5is ofgov¢rn*o¢t support costs
Gov¢rnance costs
Unrtstritt
runLts
Ceueral
funds
Audii feeg
Audii ofthe fir￿￿181 swements
3.￿0
Tothl for period ended 31 March 2025
3,900
6 Net knCDmi￿yjo￿tgoI￿E reSo￿TteS
Net incomin￿0Utg01ng resowces for th¢ PCTiLwJ iwlu(k:
2025
f¢¢5
7 Tntstzu remuDer2tlon Ènd exptuses
No tnjsteffj nor arty pers￿L% cont￿￿ with than. receiv￿ any rtmuneration frnm the chariiy dLtyillB the
No tru5ttts have Teceived kny reimlxjrsed ¢xperm from th¢ ch8rity during the ye8r.
8 TaxatEo
The chality is a registu¢d cknrity and thw¢fore ¢￿eM￿ from
9 Debtors
Aozued income
Oiherdebtor8
513.[￿9
1,650.CQO
? 163.(k59
Pag¢ 13

The Tangerine Trust
P4ote5 to the Financial Stat¢ments for the Period from 7 May 2024 to 31 March 2025
(eolltillued)
10 Ca5b and casb eqlliv￿Cryts
2025
Cash at bank
Short-iemj (kposits
545.(IK)
5571.703
Q116.703
I I Cr¢ditDTS: ￿O￿lts fg]Jkng due within ooe year
2025
Accruals
3,900
12 Funts
ID¢omiug
ReSOllrtes
expthdtd
Balo4¢t #t31
March 2025
UDre5trfcted fun
G¢nera]
8279,772
I3.9￿}
8275.872
13 ADaly5Ls ofTrrt w¢ts bttween
Unrestricted
funds
G¢tt¢rnl
Totsl thtsds At
31 Marth
2025
Currrnt g&%cts
Currertt liabibiie5
8279,772
13.90D)
I3,9￿)
Toial nei Assets
8,275,872
8275,872
14 Related pllrty trAosartloD$
Thcrc wcre no related pany trun5&tioLs in the