2023-04-05-accounts

Charity number: 211848

E S G ROBINSON CHARITABLE TRUST

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2023

E S G ROBINSON CHARITABLE TRUST

CONTENTS

	Page	Page
Reference and administrative details of the charity, its trustees and advisers		1
Trustees' report	2	4
Independent examiner's report		5
Statement of financial activities		6
Balance sheet		7
Notes to the financial statements	8	- 15

E S G ROBINSON CHARITABLE TRUST

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2023

Trustees

V Rock W Balston T Loewendahl M Heseltine (retired 25 November 2022) M Robinson C Robinson F Cox S Loewendahl (appointed 22 May 2022)

Charity registered number

211848

Principal office

11 Stockwell Park Road, London, SW9 0AP

Accountants

Larking Gowen LLP, 1[st] Floor Prospect House, Rouen Road, Norwich, NR1 1RE

Investment managers

Cazenove Capital, Schroder & Co Limited, 1 London Wall Place, London, EC2Y 5AU

E S G ROBINSON CHARITABLE TRUST

The Trustees present their annual report together with the financial statements of E S G Robinson Charitable Trust (the charity) for the year ended 5 April 2023.

Objectives and Activities

a. Policies and objectives

The main objective for the year was to continue to distribute in grants and charitable payments a significant proportion of the income of the unrestricted fund that arose in the year. The Trustees achieved this by responding to applications for grants and requests for charitable payments.

The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in setting the grant making policy for the year. By supporting charitable institutions and purposes, by way of grant making and one - off payments, the Trustees consider that they have ensured charitable benefit to the public further to the objects of the charity.

The Trustees review annually the risks that the charity faces. To date these mainly relate to investment management. The Trustees are also aware of risks associated with making grants. A policy of only awarding grants for charitable purposes reduces such risks.

The Trustees confirm that, in exercising their powers and duties, they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission.

b. Grant making policies

The Trustees met twice in the year to April 2023 to consider the making of grants, both to new beneficiaries and in continuation of support to long-standing beneficiary organisations. Grants were considered in relation to the policy that the charity's funds are applied in the fields of numismatics, culture and the arts, the environment and sustainability, by way of making donations primarily to other registered charities whose work the Trustees had come across through their own research.

E S G ROBINSON CHARITABLE TRUST

Achievements and performance

a. Key financial performance indicators

sustainable manner. The Trustees have approved grants and donations for a range of charitable purposes costs exceeded grants and donations made by £2,989 (2022: £32,543 surplus). Grants made are detailed in note 4 of the financial statements.

Multiulation Units, SEDOL BF78409. Accumulation Units do not distribute income arising on the underlying investments but instead accumulate the income in the fund.

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

b. Reserves policy

The charity's funds (which are unrestricted) carried forward amounted to £778,499 (2022: £812,285). The ds in the year reflects primarily the losses on investment revaluations.

Structure, governance and management

a. Constitution

The Charitable Trust was established by Sir Edward Robinson on 10 August 1956. The E S G Robinson Charitable Trust is established for charitable purposes governed by the Trust Deed. The charitable Trust is registered as a charity by the Charity Commission for England & Wales, registered number 211848.

The Trustees' role is to hold the Trust funds upon trust and to apply the capital and income of the Trust for charitable purposes at their discretion.

b. Method of appointment or election of Trustees

The Trust Deed does not specify the number of Trustees. New Trustees are identified and appointed by the existing Trustees. The Trustees are responsible for the induction of new Trustees and this includes awareness of Trustee responsibilities, the governing document, administrative procedures, the history and philosophical approach of the charity. There are seven Trustees and they have held office for: one for less than 1 year; three for between 4 and 5 years; two for between 8 and 9 years; and one for between 10 and 11 years.

E S G ROBINSON CHARITABLE TRUST

Plans for future periods

a. Future developments

The Trustees intend to continue providing grants and making charitable payments in a similar way to the recent past.

Trustees' responsibilities statement

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires 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 incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities SORP (FRS102);

• make judgments and accounting estimates that are reasonable and prudent;

• state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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.

27 October 2023 nd signed on their behalf by:

M Robinson

V Rock

E S G ROBINSON CHARITABLE TRUST

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2023

Independent examiner's report to the Trustees of E S G Robinson Charitable Trust (the 'charity')

I report to the charity Trustees on my examination of the accounts of the charity for the year ended 5 April 2023.

Responsibilities and basis of report

As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I can confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed:

Julie Grimmer FCA DChA

Larking Gowen LLP

Chartered Accountants 1[st] Floor Prospect House Rouen Road Norwich NR1 1RE Date: 31 October 2023

E S G ROBINSON CHARITABLE TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2023

Unrestricted funds Note 2023 £ Income from: Donations and legacies 2 5,280 Investments 3 36,954 Total income 42,234 Expenditure on: Raising funds 1,759 Charitable activities 35,824 Governance 1,662 Total expenditure 39,245 Net income before investment gains 2,989 Net losses on investments 8 (36,775) Net income before other recognised gains and losses (33,786) Net movement in funds: (33,786) Reconciliation of funds: Total funds brought forward 812,285 Total funds carried forward 778,499

Total funds Total funds 2023 £ 2022 £ 5,280 5,849 36,954 65,646 42,234 71,495 1,759 6,343 35,824 31,139 1,662 1,470 39,245 38,952 2,989 32,543 (36,775) 7,188 (33,786) 37,731 (33,786) 39,731 812,285 772,554 778,499 812,285

E S G ROBINSON CHARITABLE TRUST

BALANCE SHEET AS AT 5 APRIL 2023

Note £ Fixed assets Investments 8 Current assets Cash at bank and in hand 44,446 Debtors 9 - Creditors:amounts falling due within one year 10 (2,750) Net current assets Total assets less current liabilities Creditors:amounts falling due after more than one year Net assets Charity Funds Unrestricted funds 11 Total funds	2023 £ 736,803 41,696 778,499 0 778,499 778,499 778,499	2022 £ £ 751,808 57,501 5,570 (2,594) 60,477 772,554 0 812,285 812,285 812,285

27 October 2023

M Robinson V Rock

The notes on pages 8 to 15 form part of these financial statements.

E S G ROBINSON CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

1. Accounting policies

1.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

E S G Robinson Charitable Trust constitutes a public benefit entity as defined by FRS 102.

1.2 Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received, and the amount of income receivable can be measured reliably.

1.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated to the applicable headings.

Costs of generating funds are costs incurred in managing investments and attracting voluntary income.

Charitable activities and Governance costs are costs incurred on the charity's educational operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

1.4 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discounts offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

E S G ROBINSON CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

1.5 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the balance sheet date, using the closing quoted market price where quoted. Investment gains and losses, whether realised or Statement of financial activities.

Unquoted investments are valued by reference to any recent movement in shares and considered market value at the balance sheet date.

1.6 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

1.7 Cash at Bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.8 Liabilities and provisions

Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

1.9 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1.10 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

2. Income from donations and legacies

Unrestricted funds Total funds 2023 £ 2023 £ Gifts 5,280 5,280 Total 2022 5,849 5,849	Total funds 2022 £ 5,849

E S G ROBINSON CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

3. Investment income

Unrestricted funds 2023 £ Dividends 36,954 Total 2022 65,646 Grants paid Donations awarded to Organisations: Ashmolean (Oxford University Chest - Heberden Coin Room) British Museum Musicability Community Interest Company RCA Hughes Memorial Prize Oshis World Whiddon Autumn Festival Pedal People Readeasy Hackney Bromley Symphony Orchestra Friends of Pedal Power Pimlico Toy Library The Passage Bristol Hospitality Network Pimlico Music Foundation Corbridge Chamber Orchestra Horizons Plymouth The Birch Collective CIC Prisoners Education Trust Lettering & Commemorative Arts Trust Total donations of £1,000 and over Others - under £1,000 Total

Total funds Total funds 2023 £ 2022 £ 36,954 65,646 65,646 2023 £ 2022 £ 7,500 7,500 7,500 15,000 - 3,000 2,000 1,000 1,000 - 2,000 - 1,250 - 1,000 - 1,000 - 1,000 - 1,000 - 1,000 - 1,000 - 1,000 - 1,000 - - 1,000 2,000 1,000 1,000 1,000 - 1,000 32,250 30,500 3,574 639 35,824 31,139

4. Grants paid

E S G ROBINSON CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

5. Analysis of Expenditure by expenditure type

Expenditure on fundraising trading Expenditure on investment management Costs of raising funds Grants and donations Charitable activities Expenditure on governance Total 2022	Costs 2023 £ 136 1,623 1,759 35,824 35,824 1,662 39,245 38,952	Total 2023 £ 136 1,623 1,759 35,824 35,824 1,662 39,245 38,952	Total 2022 £ - 6,343 6,343 31,139 37,482 1,470 38,952 38,952

6. Net income/(expenditure)

During the year, no Trustees received any remuneration (2022 - £NIL). During the year, no Trustees received any benefits in kind (2022 - £NIL).

During the year, two Trustees have been reimbursed for expenses incurred on the charity's behalf of £136 (2022: £NIL) as authorised by Clause 4 of the Trust Deed of 10 August 1956.

7. Independent Examiners' remuneration

The Independent Examiner's remuneration amounts to an Independent Examination fee of £1,662 (2022 £1,470).

E S G ROBINSON CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

8. Fixed asset investments

	Unlisted	Other
	securities	investments	Total
	£	£	£
Market value
At 6 April 2022	206,841	544,967	751,808
Additions		10,983
Accumulation units net of fees		10,787
Revaluations		(36,775)
At 5 April 2023	206,841	529,962	736,803

The unquoted investment represents a holding of 15,960 shares (6.65%) in Geoffrey Faber Holdings Limited, a private company with fairly infrequent share sales. The Trustees obtained the valuation of the Geoffrey Faber Holdings Limited share valuation conducted 18 January 2022 showing the value of the shares to be £12.96 per share. There has been no formal valuation since this date. In approving the accounts the Trustees have considered the valuation as at 5 April 2023 and confirmed that this remains appropriate.

Investments at market value comprise:

stments at market value comprise:
Unquoted Quoted Total market value		2023 £ 206,841 529,962	2022 £ 206,841 544,967 751,808
		736,803

E S G ROBINSON CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

Material investments

Cazenove Charity Multi- to Cazenove Charity NURS Fund Accumulation Units, SEDOL BF78409 . As at April 2023 the quoted investments consisted of 684,527.51 units priced at £0.7742 per unit.

9. Debtors

Debtors within one year Prepayments and accrued income Creditors: Amounts falling due within one year Secretarial expenses Independent examiner's fee	2023 £ - - 2023 £ 1,094 1,656 2,750	2022 £ 5,570 5,570 2022 £ 1,094 1,500 2,594

10. Creditors: Amounts falling due within one year

E S G ROBINSON CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

11. Statement of funds

	Current year to	Prior year to 5
	5 April 2023	April 2022
	£	£
All General Funds
Balance at 6 April	812,285	772,554
Income	42,234	71,495
Expenditure	(39,245)	(38,952)
(Losses) on investments	(36,775)	7,188
Balance 5 April	778,499	812,285

12. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted funds 2023 £ Fixed asset investments 736,803 Current assets 44,446 Creditors due within one year (2,750) 778,499	Total funds 2023 £ 736,803 44,446 (2,750) 778,499

E S G ROBINSON CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

Analysis of net assets between funds - prior year

Fixed asset investments Current assets Creditors due within one year	Unrestricted funds 2022 £ 751,808 63,071 (2,594)	Unrestricted funds 2022 £ 751,808 63,071 (2,594)	Unrestricted funds 2022 £ 751,808 63,071 (2,594)		Total funds 2022 £ 751,808 63,071 (2,594) 812,285
		812,285

13. Related party transactions

Donations totalling £5,280 (2022: £5,849) were made to the charity during the year by the brother of trustee V Rock. The outstanding balance as at April 2023 was £Nil (2022: £Nil).

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Signature 1

Signed by Victoria Rock using authentication code b0VmWWRmVTM5XDdr at IP address 31.94.14.147, on 2023/10/27 11:24:00 Z.

Victoria Rock's e-mail address is: [e-mail].

Signature 2

Signed by Matthew Robinson using authentication code TnQmbUZsKlIuMTJq at IP address 5.80.27.206, on 2023/10/27 11:25:11 Z.

Matthew Robinson's e-mail address is: [e-mail].