Chaiity number.. 205357 The Thornton Tru$l Report of the Trustees and Unaudited Financial Statements For the year ended 05 April 2023
The Thornton Trust Contents Page For the year ended 05 April 2023 R•port ¢fthe Tru5te8s 1 to2 IndeFendèni EKamlrort8 R•port to th• Tru8te6• Stat•m•nl of Flnanclol AFel Slitsmenl ef FlnandBI Posttbn Notei lo th• FSnanciaJ Statem8nl• 0109 De*8lKryd Slolemont ol F1M111 AcNvrtle 10
The Thornton Trust Report of the Trustees For the year ended 05 April 2023 The TnJ$tees have pkasure In presethry their report and the finaneAal 8tslements for the thafity for the yaar ended 05April 2023. The TnJste88 tkn &lopted Ihe prov)n$ of A¢eounting and RepLYting by Ch8rit8$.' Slat8m•nt of ReMNIed PradirL 8pWlcable lo charities PreParg accounts in a(%ordan¢e wth th8 Financkql Reports"no Stsndard appli¢aNe in the UK and tha Republic of Irel8nd IFRS 102118ff8¢1we l January 20191 OBJECTIVES AND AcTITIEs Obl•rt and almi The ¢bjxts of th? charity 8re 8$ 8et out in the Trust i)t8d ara a¢hVed by 9r8nts to vartotss organl&ottonB IrwoW. The TN states that the tharivs principal actfvftB8 are tho prOmotJn and furth8rin9 of educ8tkni aThJ the ev8rrfJeli¢al Chnsyan 18th and a$si5ting in rg1l of 51¢k8, suffering and poverty Som6 or9anls8onJ arè involved in the acti18$ referred lo the deod. but general a third in Supporting th& Chrfstian chvrth. tralnirvJ and 4sscdat•d the eountry, A Ihird (n Chrknuan rni88b 8ntt lief work ov•rsoa8, •nd tha balance In education, youth work. medical and olhar. Th8 trustees have conskjered th& Charfly Commhion's publc b•nefft. In¢ludlng tho quidow 'publl¢ bon6fft. runnhg Ghanly IP821'. Grnnbn•klng The for grant Mok1 Is lo 5port ch8ri1i8$ whkh Wofk wtth thg promotkn and fvrtrfn9 ol oducatbn and tho angelll Ch#tIon fatth and ass19 in Iho renof of slckno81, sufferfng 8nd povety. The fru•l•8B develop•d th• grtht-making policy lo •nwr• ihat il further5 th• obi•ts, effo¢tl¥ety and •Only. ACHIEVEAIENTS AN) PERFORIIANCE Achl•vgm•nt• •galn•t obl•Bt5v The ch•rtty play8 • $m¥ll part in gr•nts to varfou• li outlln•d In h Qbi•ckn •nd Art. FINANCIAL REWEW In Ihe oplnlefi oftho Tru&tse•, the Tru$t In • Mliif8CtOry Walllon #ttho and of the ymr. 11 li the pow ol the Trusl•e$ to inve•t the r88¢rve8 In ipocialHI In¥o8lmenl• ¢harttl•• to $wpJrt M• tharitty• distributirmi. The trustees h8v¢ ¢onsidgr¢O lh• rlsk• that th• choniy fl Ind confirm that •yitem¥ hav• be•n •8tsblS$hed lo mllPdts th• rfok8 Id•ntvd. 8TRUCTURe. GOVERNANCE AND MANAaEfiNT Oo¥•mlng do¢um•nt Thg trust wa¥ creatsd by D•8d on 14M•rch 1962 •• th8 DoupK41 And B•ty Thorrten Tru to •n•bk th• S•ttbrs to ttfrordlnii• Imf th•rithb gfvNYJ. F01b¥n9 th• ppolnlm•nt of J D Thornt¢n 45 a Iru•t•• 1977 Ih¢ namo w•$ ¢h8rvJ•d by tnl deod to Th• Thomton TftAryt. Th• Inj•1 have the pwr to 8wn(l iicem• and cala1 Id•ntty Organ8110nI 8fid proj•d8 thw WiBh lo •upwrL And do nol reipond to ipecul•tO qpp1kat forgr•nt•. Tha TruBt only ree&ve8 9th from the or Iru8ts8•. Tru$t••u are oppolnt•J by Solllors ind aftor Ih•lr d••lh by a c4th• tru•tOD8. REFEREIKE AND ADMIN18TRATIVE INFORMATION N•nMTr of ¢hov#y Ch•rlty YoylBtr•llon ntsmb•r Prlnclwl addrul The Thomt¢n Tru$l 205357 25 C85tte Streèl HertloTd Hertfordsh? SG14 1HH The tIUgts88 and officars serwng duriffj the yaar3nd 8ln£g the y8ar8nd fol8." J8m6s Doug$ TMIon Mrs VwBnne Ja1 Thornton Cathèrin8 EIRath Graee AweL9n 1 of70
Report ofthe Trustees C¢Mtinu&J For th8 year ended 05 Aw'l 2023 23? Fcrfe StsB8t 8G14 1DJ Barrkn B k 114 Fwcrw( knt Appr ty Il Boord ofTno8 •ThJ •r•a on Its b•W J• u9• Thombjn 2oLF 2rf10
The Thomton Trust Independent Examiners Report to the TnJstee5 For the year ended 05 April 2023 I reporttottEtru5tegs on ry exwnlnai)n oflk• artoJrts dHrty year 05W 2023. RotsponslI and bas1 of roport A8 the chaniy twstees. you are resp for thg &¥vp8rw of th& actnts in a¢oNdm wlh wuirwnerts of tke chare5 A 2011 nhe 2011 AL). I report in fftspect of my examinaih)Tr of the chws ravj urthr SaraK 145of tr 2011 Ad arKI in carryiTyJ out my examin8b.on I h4ve all th8 ty th8 seckn 145(5Xbl ofthgA(a. lnd8wtylentoxamlno 8tatsnnt I ha ¢ped my examInJ¢n. l Ihat hffj ct¥n8to in ilh th&&xanin¥Jn gMrvJ cause lo belEve Ih8t in any $18[1 rBs•'. 1. accounting recordswve not keKI in tthe Ghity as txtoftt2011 or 2. Ihe aecoun15 do noi accord IhcEe reu>rts', or 3. the aoUThts do not ¢Lp %vlh the treform a)r d•xLrts * ryjt in t Charit$ (Accounts and Reports) ReguLqtrJrts 2C¢)8 otlwthaTr arty rww¥•wéth thè •xj898 aTrJ fawvitrk is a Matèr JnsKlered as partof an indepeTr1errt exarrnatM)n. thi8 rewt in ofd8rtO a PmFef unr8*•I1r crfthe acojuntsto ts reac. Toptax PTS rnited 238 Fore Street rtftsrd SG14 1DJ 30110
The Thomton Trust statement of Financial Ath"vilies For the year ended 05 April 2023 Llnr•thctod funds In¢om• end *ndowrMnts trom: c•t10n¥ and logaci8S Inveslmonts Total 36.219 30.733 41,428 26.847 88,912 68,27B £xpendW¥v• on.. Rak%ing fund8 Tot&1 173,79n IT3.7971 191,4641 191,4641 Net gainslO¢)¥sesl on Inve8tm•ts Oth•r r•eoonl••d 9•ln•llo•M• N•t movorft•ftt In lund• 1162071 ¢0,828 37.139 R•¢onelll•¢lon of lund• Totsl funds breugm lorward Tot•1 lund• ¢arFl•d foTh¥ard 897.329 859,6KS 897. 874277 40110
The Thomton Twst Statement of Financial Postb'on As at OS April 2023 2022 Ffxed a8b•ts Inv85kn 9J2295 918.ge1 Cumnta#• Cash at In hand 902.290 918,101 22,024 21024 150,0421 81.3SY Cr•dltorn'. am01O lthlM on• y••r 61.367 10 182.8291 T•t•l ii••l• l••• curr•nt Il*bHII N8t•••rt• 121.0181 874.2TI 12t,1 897.329 Th• fund• rfth• eharjty Unmltricd In¢om• fundB Tot•1 fvnd¥ 874277 857J2 11 874.277 874277 897.329 •7,329 Th•fln•ndal ItatoThAts re Approv•d •ulhorft•(tfor IMu• ty th• 804rf and 81gn•Y on It• boh•llby'. 5of10
The Thornton Trust Notes to the Financial Statement8 For the year ended 05 April 2023 I.A¢Untlng Polkl•¥ Batsij otaccountlng The fln8nci81 staiem8nts have bn prepared und8r the hpatoric cost cOnventn, exr8pt for inve51monts wh(ch are indud8rt at markat value and the rev8luaiion of crtain frAed assets and in aco)rdanc8 with the chant SORP IFRS 1021'Accounting and Reporting ty Charities SlateMl of Recomm•nded Practice appllcabb lo charit9 preparing th&ir aco)unts in accordanc• wth Financial Reporkng Standard applicabb in the UK and Republlc of IreL9nd IFRS 1021 leffectrvè 1 January 20191,, Financral ReportiTvJ St8ndard 102 the Flnzncwl R•porting StaThYard $pIcaN¢ m tha UK and Republt of Ird•nd IFRS 1021, and Ihe Charibas Act2011. Th¢ Thornlcfi fru m88t8 thtrdefinhkjn of a puNl¢ tenéfft enity undor FRS 102. AsBets and liablmlbs aro in81 reo)gnwl #i hi8tode41 colt or Iran88¢1k)n value unkn8 ¢therw8 8tstad In tha r8k¥anl accounling w)liw not6lsl. Gtylng ¢on¢•rn 2. Incon Irom don10• ind 2023 2022 UnMJtri¢t•d Donation$ rocalwd Glfts in klnd 7.801 28,418 3,450 37.978 31,219 41A28 3. lav•th•ntlneom• 2023 Unf••trfct•d fund• In¢ome from Iist•d inv•8lmenli 30,733 28,847 30,733 26047 4. Exp•ndllurn on g•n•r•tlng donallom and l•g•¢l• 2023 2022 Uhr••trkt•d lund• Donalon# 73,072 725 SupKX)rt cc*t8 90,964 73,707 91.464 80110
The Thomton Tnjsl Notes to the Financial Statents Ccrfrtinued For the year ended 05 April 2023 8. Ansl• •fsupport COBts 2022 GobEmaftco ¢ts 725 Scp) . Pl•t In¢offrf•xpwrthur•l forth• y•ar Thls is ¥t•t•d Aft•rch•r91Iltsj1ty).. 2023 2D22 7. Comparnth•forth• 8t•tnwrt ol Plmncknl A¢iiv Ll•i•d ma¢t value •t C6Awll 2022 918,gJ1 Net galniiknul on revaluation 118,2Cel Markot v4lu¢ at CQ Apr 2023 902.29 9. An•ty•L• ofln¥••tsrnnts b•twn fvnd•• y•V•I•d 202> 2023 2022 Unrwtrktsd 2.295 918,501 1296 918.501 7ofi0
The Thornton Tnjsl Notes to the Financial Slalemenls Continued For the year ended 05 Apnl 2023 10. Cr•dknra: lalllng duewlthln on• year 202Z Acuua18 and deferred incc¢no .042 82,529 042 82.629 11. Alov•mpnt kn lund# UnMtriet•d Fund• Ba¢• •t 0610412022 Ihcomlng r••oure• Outoolng r••ourGg• Oln• •nd 10•908 B•lan¢• t 001041202J Ganor•l 897,329 68,952 173,7971 118,2071 874.277 197,321 88.962 In,7971 116,2071 874.277 Unr•itrfet•d FuTrdB- Pr•vku• yr at 0110412021 Incomlng r••0Uf¢ Oulgolng r••our¢•• O•ln• •nd lo•••• Blnc• at G•n• Gen•AI 8S9,690 88,275 (91.4841 60,828 897.329 869,690 6B878 191,4641 10.828 807,329 12. An•lpl• oln•ta•••t• b•twi lun NrtA•••t• 41001•1 Unr••trl¢t•d fund• Gethr81 G•Mral SY12.295 (28.0181 874,27T 901296 12Q0181 87£277 8of10
The Thomton Trust Notes to the Financial Slalemenls Continued Forthe yearended 05 Apnl 2023 Pr•vlou8 y•Jr Inv•abn¢nts N•tturr•nt N•tAq••ts Unr08tr1ct8d fvnd Gen•ral 918.501 121.1721 897.329 918,601 121.1721 897.329 9of10
The Thornton Trust Detailed Ststement of Financial A¢tivilies For the year ended 05 April 2023 2023 2022 INCOME AFID ENDOIMIENT DonatlorM and Iqqacl•• Donatn$ Gnls In klnd 7,801 28,418 3.450 37.978 36,219 41A28 Incom• from Ilit•d irwe8tmontS 30,733 26.847 30,7 28.847 Tot1 In¢omlng 01¢•$ eo.?02 6&27JJ EXPENDITURE donatk+n •nd 1•g•ok•B Don•tlcfii 173,0721 191.9641 $LIPPORTC08TS 173,0721 1•0,•641 Gmrmnce co811 17251 15001 Total r••oureM •xp•nd•d NET EXPENDITURE BEFORÉ GAINS ANO L088ES Oth•r r•Bognlb•d ahd lo•u• GI1} on rev•luatton of Inv•8tmenl• 173.79n 191M641 118.2071 80,828 111.2071 N•¢ InGom• b•lor• q•lth• ind IoM•• 116,207 80.8ze N•t Exp•ndkuM 12IOJ21 37,6Jg 100110 Thk pe fo p•t olthe statutory finnciyl statts