Reglstered Charlty No. 215905 Thlrtle Harvey Memorlal Trust Fimaneial Statsments for the year ended 31st Marth 2024 Manningtons Chartered A¢couDtsnts 39 High Street Battle East Sussex TN33 OEE
Thirtle Harvey memori Trust TrL# IAforniatioA Regis¢ered Charity Number: 215905 Trustees: T Novis {Chairnian) P Grecnhaj A Patnhxe Mrs G M Stewart Charity O(fite: Healey Ho 3 Upper Maze Hill Si Leonards-oTrSea East Sussex TN38 OLQ Indepettdellt EmItter. Row¢na Walsh FCCA Manningtons 39 High Street Battle TN33 OEE Bankers: Lloyds TSB Bank PLC 17 Wellington Place Haslings East S TN34 INX IBvestmettt Managen: Rathbone Investment Management Limited Port of Liverpool Building Pier Head Liverpool L3 INW
Tbirtle HArvey Memortal Tru Trllstees Report The trStee5 present their report. together with the financial statements of the charity. for the year end¢d 3 Isl March 2024. The financial ststements have been prepared in accordance with the accounting policies on page 5 and comply with the charil)4s ¢st deed and applicable law. ObJ¢cts of the eharlty? princlpg12etivitl¢s organlsatlon The charity is consliluled as a Trust under a scheme of the Charity Commissioners daled I st April 1997. The charitys objects and principal activity a5 set out in the trust deed are to apply the income of Ihe charity towards supporting or providing a home or homes for needy* poor and aged person$ who are of the prot¢slant religion. The charity 15 organised so that the trustees meet regularly to manage its affairs. Management of the charity's investments is delegated to an authorised investm¢nl manager under a foThnal investment management agreement. The majority of ihe trusl¢¢s ar¢ ¢onnectd lo H4slings and Rother Voluntary Association for the Blind, a re8islered charity, which operates a residential home, HtAley House, for blind and partially Sl8hied persons. Ikvelopment, 4¢tlvltles #nd achlevtments The trustees consider that the perfom)4nc¢ of the charity this yellr th been satisfactory. Flnanelal revl¢w The statement of financial aclivilies shows nel outgoing resour¢u of £5,063 for the year, and reserves stynd at 8 totsl of £731,511. The Iruslees nots Ihe increase in the vAlu&tion of the trust's investments. Rlsk Manogement and Rejerves The truste¢5 actively review the major risks which the charity faces on a regular basis and believe that maintaining r¢$erve$ at current levels. combined with an annual review of the controls over key financial Systems, will provide sufficient resources in the event of adverse condilions. Th¢ Iruslees have also examined other op¢ralion&l and business risks faced by the charity and confirni thal they have established systems to miligaie the significani risks, Trustees The trnsiees who served throughout the year are &4 named on th¢ trust infonnalion sh¢ atta¢h¢d. The trustees have the power to appoint trustees &5 required. T Novis Chairnjan of the Trnstees 2024 Page I
ThITik Haryey memori Trust (Charlty 215905) IndepexdeDt ExaTrlD¢r'• R•port ts the TrysteMofTlthi1¢ HArv¢y MwAorlal Tru l to the trustees on my examination orth¢ accountsofthe charity fth¢Tht.) for the year end¢d 3Jst Mar¢h 2024. whi¢h are set ou¢ pw 3 kn 6. Rwpoo8iblUik8 and of report As the charitys trustttsy¢u are reSpOlb1¢ for the plyrnn ofthe a¢counts in accordance with the requirn¢nts of the Charities A¢t 2011 (he Acn. I reprt in rw of my ¢xamination of Truses aecounts Carried oth und¢r S¢¢tion 145 of th¢ 2011 Act and in carryingout my examinatio I have followed all the applicable D1CtiO 8iven by the Charity Commission underse¢tion145(5)(b) of the ACL IDd¢peodeni ExamlDer'8 •t#t¢m¢Dt I have ¢ompl&ed my examin10n. l eonfimi th&t no mat¢rial matt¢rn have come to my attention in ¢onnectiOA with the examination which gives mc cause to believe that any matsriil vwt: -th accouming r¢¢ord$were not knpt in aw)Tdanc¢ with section 130 of the CharittesA¢ or - th¢ ac¢ounts did not Aecord with the accountin8 r¢cords; or - the a¢counts did not comply with applicable Tequir¢ments cotKernin8 the forni ind lIent of accounts sel out in the Charitie$ (Aeeounts and Reports) R¢gulation$ 2008 other than Any irement that the give 4 Irue 4nd fairf vi¢w which is not a matt¢r¢onsidered as partof OD iThlependent examination. I have no ¢oncem$ and have con* a¢TOSS no other matteJS in C(nectIon with the examination to which attention should be drnwn in this report in orderto enable a properunderstandin8of the counts to be reached. 39 High Street Battle Fast Sussex TN33 OEE Manninstons 1£106124-
Thirtle Harvey Memori•l Trust SttemeDt of Fln•Dcil Ac¢lvltles for the year ended 31st Marcb 2024 Unrestrlcted Funds 2024 2023 Notrs In¢omifjg Re40ur¢ txwics Re¢civ¢d Gross In¢ome from Invc51m¢nts Bank tkposit Int¢rcst Totsl Incomlng Resonrees 13,324 19.380 142 16.747 49 32,846 16,796 Is. Resourcej Expended Costs of Generatlng Funds Invcslmcnt Mana8cmcnt Char8C5 1.583 1.597 Dlr¢et Cbaritable Expendltsre Donation - Hhstings & Rother Voluntory Association for the Blind 25.000 20.000 Govern4n¢¢ Cmts Accountancy- Independent Examination Fees 12(Kl 1,260 Total Re8ourceJ Expended 27,783 22,857 Net IneomlD81(Oul£olnO Rejoureej for the Year 5,063 {6,061) Other Recognlsed GalDJ and iA)sJe8 Unrealised Gainsl(Losses) on Investments Realised Gains/(Los5es) on Investments 50.651 {7) (57,184) (86) Ne¢ Movement ID FuDdi 55.707 (63.331) Totsl Funds brought forwanl at lji Aprll 2023 675,804 739.135 Total Funds carrled forward at 31st March 21)24 731.51 675,804 There were no recognised gains or1055 for 2023 or 2024 other than those included in the Statement of Financi81 Activities The Dotss on pages S and 6 forni an ixtegrnl of t1#t finaDeiAI statements Page 3
Thlrtle Harvey Memorlal Trust B418nce Sheet 48 ai 31st March 2024 2024 2023 Notss Fixed Aggets Inv¢5tm¢nts 715.127 666,089 Current Assets Debtors Cash at Bank Cash ai Agenis 17.913 50 17,963 11,327 48 11,375 Current LiAbilltle# Creditors: Amounts fallin8 due within one year ,579 1,660 16,384 9,715 Net Current As•ets 731,511 675,804 FuDdJ Unrestricted Funds 731.511 675.804 W¢ approve th¢s¢ finon¢ial statements and confirni that w¢ hav¢ made available all relevant records and inforniation for their preparation. T Novis Trustee P Grttnhalgh Trustee Dale: 2024 The notes oll pages S and 6 fom an IDt¢gral of these flnanclal 8tatemellts Page 4
Thirtle Harvey Memorial Trust Notes to the Flmancial StstÈm¢nts for the year ended 31st Mxr¢h 2024 Accounting poli¢ies Bgsis of prep*rntloD The financial 5tatemenls have been prepared in a¢¢ordance with Accounting and Reporting by Charities: Statement of Recommended Prnctice applicable to charities preparing th¢ir accounts in accordance with the Financial Reporting Standard appi¢able in th¢ UK and R¢public of Ireland (FRS 102) (effective l January 2015)- (Chariti¢s SORP (FRS102)). the Financial Reporting Standard applicable in th¢ UK and Republic of Ireland (FRS102) and the Charities Act2011. Thirtle Harvey Memorial Trust meets the definition of a public benefit entity under FRS 102. As5¢ts and liabilities are initially rKognis¢d at historical ¢o5t or transaclion value unless otherwise stated in the relevant accounting policy notes. 12 Income Investment income. legacie5 and oiher income are accounted for as re1ved by the charity. apart from the income tax recoverable on investment income which is accounted for on an accruals basis. IJ Value added tax Value added tax is not recoverable by the charity and as such is included in the relevant costs in the Siatement of Financial Activities. Management and administration expenditure Mana8¢m¢nt and administration ¢xpenditure includes all expendilure not directly related to the charilabl¢ lIvities. IJ Investments Investments are stated at market value at the balan¢e sheet date. The Stst¢ment of Financial AGtiviti¢s includes the net gains and losses arising on revaluations and diswsals during the year. Total fllnds broughi fonward Under a scheme of the Charity Commissioners dated 1st April 1997 the current trustees were appointed to adminisier both the charity. fornierly known as the Thirtle Harvey Memorial Home, and the property it pr¢viously owned. This scheme requires the trustees to inv¢5t all Sums of cash belonging to the charity in trust for the charity. Page 5
Thirtk Harvey Memorial Trnst Notes to the Financi Stateme#ts ror the year ended 31st March 2024 (CoDti•ued) Fixed knets- Investments Totsl Directly invested in listed inve8tmellts= Cost or market value At 1st April 2023 Additions Disp)sals Unrealised Gainsl(Losses) on Investments At 3 1st March 2024 666.089 {1,613) 50,651 715,127 The historic Cost of the listed Investments w:_ At 3 1st March 2024 At 3 1st March 2023 613,159 614.648 The investments are held in safe custdy by the investment managers and are re8iStered ift the name of one of their nominee companies. Debtors 2024 2023 Sunthy Debtors Creditors Investment Management Charges Accountancy Fees 379 1.2QO 1,579 400 1.260 1,660 Pa8e 6