THOMPSON PRITCHARD TRUST REGISTERED CHARITY NUMBER 234601 STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022
WR PARTNERS CHARTERED ACCOUNTANTS BELMONT HOUSE SHREWSBURY BUSINESS PARK SHREWSBURY SHROPSHIRE SY2 6LG
INDEPENDENT EXAMINER’S REPORT ON THE UNAUDITED ACCOUNTS OF
THOMPSON PRITCHARD TRUST
FOR THE YEAR ENDED 31 DECEMBER 2022
Independent examiner’s report to the Trustees of Thompson Pritchard Trust (‘the Charity’)
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2022 which are set out on pages 1 to 6.
This report is made solely to the charity’s Trustees, as a body, in accordance with section 145 of the charities act 2011 and regulations made under section 154 of that Act. My work has been undertaken so that I might state to the charity’s Trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body for my work or for this report.
Responsibility 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 the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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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
Tim Lunt BA FCCA MIRPM WR Partners Chartered Accountants Belmont House Shrewsbury Business Park Shrewsbury SY2 6LG
Dated 21/07/2023
THOMPSON PRITCHARD TRUST
TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
CHARITY REGISTERED NUMBER 234601
| TRUSTEES | Mrs E Kidson (Chairman) |
|---|---|
| Dr J Beach | |
| Miss S M Astbury MBE Resigned 28/04/2022 | |
| Mr I F Davies (Treasurer) | |
| Dr L Hill | |
| Mrs J Williams (Vice Chairman) | |
| Dr N O’Connor | |
| Mrs L Gill | |
| Dr S Sutton | |
| Dr D Northern (Joint Secretary) | |
| Dr P Bottomley (Joint Secretary) | |
| Mr D Stacey | |
| The Mayor of Shrewsbury (Honorary Trustee) Resigned 28/04/2022 | |
| ACCOUNTANTS | WR Partners |
| Belmont House | |
| Shrewsbury Business Park | |
| Shrewsbury | |
| Shropshire | |
| SY2 6LG | |
| SOLICITORS | Wace Morgan |
| 21 St Mary’s Street | |
| Shrewsbury | |
| Shropshire | |
| BANKERS | CAF Bank |
| ADDRESS FOR | |
| **CORRESPONDENCE ** | Dr D Northern |
| 8 Woodhouse Lane | |
| Priorslee | |
| Telford | |
| TF2 9SX |
Page 1
THOMPSON PRITCHARD TRUST
TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
STRUCTURE, GOVERNANCE & MANAGEMENT
a) Constitution
The Thompson Pritchard Trust was constituted by a Trust Deed dated 6 April 1939, founded by the Will of Annie Louise Pritchard and comprised in a scheme dated 12 October 1956. The Charity’s registered number is 234601.
b) Method of appointment of Trustees
Trustees are appointed by the Committee at the Annual Meeting each year. Trustees can be co-opted at any time during the year.
c) Risk management
The Trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate the exposure to the major risks.
The Trustees consider the charity to be well positioned to manage the current situation and secure operations into the future.
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THOMPSON PRITCHARD TRUST
TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
OBJECTIVES & ACTIVITIES
a) Policies and objectives
To apply the income thereof in or towards providing convalescent treatment for poor patients on their being discharged from the Royal Shrewsbury Infirmary or for other persons in any Convalescent Home for the time being provided by the Trustees or in any Institution which provides convalescent treatment for poor persons as the said Trustees shall in their discretion think fit.
In so far as the Trustees are unable to apply the clear income for this purpose they may apply the same as they think fit for the benefit of either the sick poor of Shropshire generally or of such sick poor persons resident therein as they select and in particular but without prejudice to the generality of the foregoing in one or more of the following ways:
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1 The supply of bedding, comforts, food fuel and medical and other aids.
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2 Grants for the benefits of persons who are sick, infirm, convalescent or in need of rest or change of air to defray the expenses of recuperative holidays or of obtaining domestic help.
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3 The donation of money in aid of the funds of any convalescent home or other institution or organisation established or to be established for the care and relief of sick persons upon the terms which will ensure that the benefit of the institution or organisation are available for the sick poor of Shropshire.
b) Activities for achieving objectives
The Charity is listed in relevant charity directories and the information kept up to date. Many applications are made by way of information from the directories.
The secretaries regularly inform and reminds relevant agencies (Citizens’ Advice, Doctors’ surgeries, local hospitals, hospices) in Shropshire and Telford and Wrekin of the Charity’s existence and its objectives.
Trustees bring to the Charity’s notice cases from their own areas, both geographical and professional. All areas of the county are covered geographically. Professional expertise comes from the Church, the County Council, the medical profession as well as members of the general public.
When a significant donation is received or made press coverage is taken in the local papers.
In shaping the objectives and planning the activities for the year, the Trustees have considered the Charity Commission's Guidance on Public Benefit.
Page 3
THOMPSON PRITCHARD TRUST
TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
ACHIEVEMENTS & PERFORMANCE
a) Review of activities
The Trust has continued to make its existence known by developing contacts with agencies and care services aware of people in need of help. Details of the charity are included in publications of charitable trusts. The secretaries’ links with the medical profession are invaluable and they are able to liaise closely with GPs and associations such as Nurses Leagues. All applications for help are carefully investigated and screened, Trustees making personal assessment visits and submitting confidential reports as the need arises. Those applications that do not fill the criteria are refused. Some are referred to other Charitable Trusts.
FINANCIAL REVIEW
a) Reserves policy
The Trustees invest reserves not required for short term purposes to produce further investment income. This is the charity’s main source of income. Four Custodian Trustees are appointed to review the Charity’s investments twice yearly and they report back to the Committee of Trustees. The investments are managed by stockbrokers and are held in Charitable Funds.
The free reserves of the charity at 31[st] December 2022 were £57,222 (2022: £61,474). These are the net cash assets of the charity at the end of the financial year.
b) Grant making policy
The Charity invites applications in accordance with its objects by writing to the Secretaries. Grants of less than £600 may be agreed by the Chairman and grants over £600 are ratified by the Committee of Trustees. 171 minor grants were made in the year.
Signed on behalf of the Trustees by
………………………………………….
Mrs E Kidson Chairman Date…………………………………… oa Hill. 8023
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THOMPSON PRITCHARD TRUST
RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022
| Unrestricted Funds | Unrestricted Funds | |||
|---|---|---|---|---|
| 2022 | 2022 | 2021 | ||
| Receipts | ||||
| Dividends | 30,049 | 50,751 | ||
| Interest | 843 | 645 | ||
| 30,892 | 51,396 | |||
| Other Receipts | ||||
| Portfolio Movement | 15,115 | 0 | ||
| 46,007 | 14,338 | |||
| Payments | ||||
| Grants | 46,181 | 41,460 | ||
| Governance | 4,078 | 2,674 | ||
| 50,259 | 44,134 | |||
| Net Receipts/(Payments) | (4,252) | 7,262 | ||
| Cash Funds last year end | 61,474 | 54,212 | ||
| Cash Funds this year end | 57,222 | 61,474 |
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THOMPSON PRITCHARD TRUST
RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022
| 2022 | 2021 | ||
|---|---|---|---|
| Cash Funds | |||
| Share of Cafcash Account | 36,600 | 57,870 | |
| Harris Allday Earnings Account | 5,133 | 3,320 | |
| Harris Allday Deposit Account | 15,489 | 284 | |
| Total Cash Funds | 57,222 | 61,474 | |
| Investments | Market | Market | |
| Cost | Value | Value | |
| 2022 | 2021 | ||
| Portfolio with EFG Harris Allday | 666,439 | 799,268 | 878,188 |
Signed on behalf of the Trustees by
Mrs E Kidson Rima Ki[Asa]
Chairman Chairman Pa Date…………………………………… pat... Met 023
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