The Sir Trevor Chinn Charitable Trust No. 2
Financial Statements
Year Ended 5 April 2025 Charity No: 264614
1
THE SIR TREVOR CHINN CHARITABLE TRUST No. 2
Report and Financial Statements for the year ended 5 April 2025
Contents
Page:
| 1 | Reference and administration details |
|---|---|
| 2/3 | Report of the Trustees |
| 4 | Accountants Report |
| 5 | Statement of Financial Activities |
| 6 | Balance Sheet |
| 7/11 | Notes forming part of the Financial Statements |
| Trustees: | Sir Trevor Chinn CVO |
| Maria Wright | |
| Principal Office: | 45 Pont Street, London, SW1X 0BD |
| Accountants: | Pembury Accountants Limited, 5 Beaumont Gate, Shenley Hill, Radlett, Herts, WD7 7AR |
| Investment Managers: | Partners Capital LLP, 5thFloor, 5 Young Street, London W8 5EH |
| Bankers: | Coutts & Co, 440 Strand, London, W8 5EH |
| HSBC (Luxembourg) SA, 16 Boulevard d’Avranches, PO Box 733, CH-1160, Luxembourg | |
| Union Bancaire Privee (Europe) SA, Route d’arlon 287-289, L-1150, Luxembourg | |
| Solicitors: | Bryan Cave Leighton Paisner LLP, Governor’s House, 5 Laurance Pountney Hill, London, |
| EC4R 0BR |
2
THE SIR TREVOR CHINN CHARITABLE TRUST No. 2
Report and Financial Statements for the year ended 5 April 2025
The Trustees present their report along with the Financial Statements of the charity for the year ended 5 April 2025. The Financial statements have been prepared in accordance with the accounting policies set out on page 8 and comply with the charity’s trust deed and applicable law.
Structure, Governance and Management
The Sir Trevor Chinn Charitable Trust No.2 is constituted under a trust deed dated 24 August 1972. It is a registered charity no. 264614.
The Trustees who have served during the year and since the year end are set out on page 2.
Where there is a requirement for new Trustees, this would be identified by the remaining Trustees.
Risk Management
The Trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that such risks are continuously monitored and that appropriate steps can be taken to lessen these risks.
Objectives and Activities
The objects of the charity are to apply the income and capital of the trust for charitable purposes as the Trustees shall in their absolute discretion determine.
Grant making policy
All applications received are considered by the Trustees on their own merit for suitability of funding.
Public Benefit
In meeting the objectives the Trustees have given careful consideration to the Charity Commission’s general guidance on public benefit and judge that all donations made meet this guidance. All donations are listed in note 4 on pages 9 - 10.
Achievement and Performance
The Trustees have continued to apply their funds in accordance with the objectives of the Trust and their grant making policy. Donations totalling £45,625 have been made in the year (2024: £187,285) and are detailed in note 4 of these Financial Stat
Financial Review
The Trust’s investments are managed by Partners Capital LLP under a discretionary mandate and a conservative investment policy which aims at maintaining sufficient liquidity for the capital of the charity through diversification whilst the Trust’s foreseeable needs and donations.
The market value of the investment portfolio at 5 April 2025 was £757,963 (2024: £740,146)
The balance of cash held at 5 April 2025 was £13,418 (2024: £8,537)
3
THE SIR TREVOR CHINN CHARITABLE TRUST No. 2
Report and Financial Statements for the year ended 5 April 2025 (continued)
Reserves policy
The Trustees’ policy is to maintain their continuing level of support under the grant making policy that they have agreed. If income resources are insufficient to cover the grants then recourse is made to the other funds of the Trust. The Trustees do not consider that any minimum level of resources is required.
Plans for the future
The Trustees intend to continue providing grants in a similar way to the recent past but retaining flexibility as to the timing, and scale of grant making
Trustee’s responsibilities in relation to the financial statements
Law applicable to charities in England and Wales requires the Trustees to prepare Financial Statements for each financial year which give a true and fair view of the charity’s financial activities during the year and its financial position at the end of the year. In preparing those Financial Statements, the Trustees are required to:
-
Select suitable accounting policies and then apply them consistently;
-
Make judgements and estimates that are reasonable and prudent;
-
State whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the Financial Statements: and
-
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 accounting records which 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 and the trust deed.
They are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustees and signed on their behalf by:
Sir Trevor Chinn CVO
Trustee
Date:
4
THE SIR TREVOR CHINN CHARITABLE TRUST No. 2
Accountants Report
Chartered Certified Accountants’ report to the Trustees on the unaudited financial information of the Sir Trevor Chinn Charitable Trust No. 2
In accordance with the letter of engagement dated 3 May 2022, we have prepared for your approval the financial information of The Sir Trevor Chinn Charitable Trust No.2 for the year ended 5 April 2025 which comprise the Balance Sheet, the Statement of Financial Activities and the related notes from the entity’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountant, we are subject to its ethical and other professional Requirements detailed at https://www.accaglobal.com.
You have approved the financial information for the year and have acknowledged your responsibility for it, for the appropriateness of the financial reporting framework adopted and for providing all information and explanations necessary for its compilation.
We have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial information.
Use of our report
This report is made solely to you, in accordance with the terms of our engagement letter dated 3 May 2022. Our work has been undertaken solely to prepare for your approval the financial information of Sir Trevor Chinn Charitable Trust No.2 and state those matters that we have agreed to state to you other than the Trustees for our work or for this report.
Pembury Accountants Limited Chartered Certified Accountants
5 Beaumont Gate Shenley Hill Radlett Herts WD7 7AR
Pembury Accountants Limited is a Limited Company registered in England and Wales (with the registered number 11209486)
Date:
5
THE SIR TREVOR CHINN CHARITABLE TRUST No. 2
Statement of Financial Activities for the year ended 5 April 2025
| Notes | 2025 | 2024 | |||
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| Income and endowments from | |||||
| Investments | 2 | 31,391 | 47,432 | ||
| Total | 31,391 | 47,432 | |||
| Expenditure on | |||||
| Charitable activities | 3 | 46,120 | 187,825 | ||
| Total | 46,120 | 187,825 | |||
| Net (expenditure)/income before investment | -14,729 | -140,393 | |||
| Gains/(losses) | |||||
| Net gains/(losses) on investments | 6 | 68,925 | 10,341 | ||
| Net (expenditure)/income | 54,196 | -130,052 | |||
| Other recognised gains/(loses) | |||||
| Realised currency gains/(losses) | 0 | 0 | |||
| Net movement in funds | 54,196 | -130,052 | |||
| Total funds at 6 April 2024 | 706,969 | 837,021 | |||
| Total funds at 5 April 2025 | 761,165 | 706,969 |
All funds are unrestricted and relate to continuing activities
The notes on pages 8 to 12 form part of these Financial Statements
6
EVOR CHINN CHARITABLE TRUST No. 2
Balance Sheet as at 5 April 2025
| Notes Fixed Assets Investments 6 Current Assets Cash at bank and in hand 7 Current Liabilities Creditors: amounts falling due within one year 8 Net current assets Total net assets Funds Unrestricted funds |
£ £ £ £ 757,963 740,176 757,963 740,176 13,418 8,538 1,860 1,860 11,558 6,678 769,521 746,854 769,521 746,854 2025 2024 |
|---|---|
Approved by the Trustees and signed on their behalf by:
________ Sir Trevor Chinn CVO
Trustee
The notes on pages 8 to 12 form part of these Financial Statements
7
EVOR CHINN CHARITABLE TRUST No. 2
inancial Statements for the year ended 5 April 2025
1. Principal Accounting Policies
(a) Accounting Convention
The Financial Statements are prepared under the historical cost convention and in preparing the Financial Statements the charity follows the best practice as laid down in the statement of Recommended Practice ‘’Accounting and Reporting by Charities ‘’ (Charities SORP (FRS 102)) and comply with the Charities (Accounts and Reports) Regulations 2008 issuead under the Charities Act 2011.
(b) Donations, legacies and similar income
Donations, legacies and similar income are shown are shown in the accounts when receivable and the value of the incoming resources can be measured with sufficient reliability
(c )Investment income
Investment income is accounted for in the period in which the charity is entitled to receipt
(d) Resources expended
Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accrual basis.
(e) Charitable activities
Cost of charitable activities include grants made and an apportionment of overhead and support costs where applicable. Grants payable are payments made to third parties in the furtherance of the charitable objectives of the Trust. Single or multi-year grants are accounted for when either the recipient has a reasonable expectation that they will receive a grant and the Trustees have agreed to pay the grant without condition, or the recipient has been a reasonable expectation that they will receive a grant and any condition attaching to the grant is outside the control of the Trust.
(f) Governance costs
Governance costs comprise costs relating to the general running of the charity as opposed to those associated with generating funds or charitable activity.
(g) Fixed asset investments
Investments are stated at closing market value at the balance sheet date. Any gains or loses on revaluation and disposal are shown in the Statement of Financial Activities.
(h) Realised gains and losses
Gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and purchased cost. Unrealised gains and losses are calculated as the difference between the market value at the year end and the opening market value (or purchase date if later).
Realised and unrealised gains and losses are not separated in the Statement of Financial Assets.
(i) Taxation
The charity is exempt from tax on its charitable activities
(j) Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling the balance sheet date. Transactions in foreign currency are translated at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
8
THE SIR TREVOR CHINN CHARITABLE TRUST No. 2
Notes to the Financial Statements for the year ended 5 April 2025
| 2025 | 2024 | |||
|---|---|---|---|---|
| £ | £ | £ | £ | |
| 2. Investment Income | ||||
| Interest from government securities | 0 | 0 | ||
| Foreign Dividend Income | 31,391 | 47,432 | ||
| 31,391 | 47,432 | |||
| 3. Charitable Activities | ||||
| General charitable purpose grants paid (see note 4) | 45,625 | 187,825 | ||
| Support costs (see note 5) | 495 | 496 | ||
| 46,120 | 188,321 | |||
| 4. Grants paid or payable | ||||
| ABF Soldiers | 2,250 | 3750 | ||
| Anne Frank Trust | - | 500 | ||
| Bipolar UK | 2,500 | - | ||
| Board of Deputies | 1,000 | - | ||
| British Library | - | 1,000 | ||
| Chai Cancer Care | 1,000 | 1,000 | ||
| Chatham House | 2,500 | - | ||
| Chicken Soup Shelter | 500 | 1,000 | ||
| Chief Rabbite Office | 2,500 | 5,000 | ||
| Commenweath Trust | 1,000 | - | ||
| Compassion Mental | 2,500 | 5,000 | ||
| Food Bank Aid | 7,500 | 3,750 | ||
| Friends of Ohell | 500 | 1,000 | ||
| Friends of Yad Sarah | 500 | - | ||
| Holocaust Educational Trust | 1,000 | 1,000 | ||
| Hope Not Hate | 6,250 | 10,000 | ||
| Jewish Childs Day | 500 | 500 | ||
| JPR | 3,750 | 5,000 | ||
| Limmud | - | 1,200 | ||
| Literacy Pirates | - | 500 | ||
| 35,750 | 40,200 |
9
THE SIR TREVOR CHINN CHARITABLE TRUST No. 2
| Notes to the Financial Statements for the year ended 5 April 2025 | 2025 | 2024 | ||
|---|---|---|---|---|
| £ | £ | £ | £ | |
| 4. Grants paid or payable (continued) | 35,750 | 40,200 | ||
| London Air Ambulance | - | 1,000 | ||
| Maccabi GB | 500 | 500 | ||
| Make Them Smile | 500 | 500 | ||
| Mitzvah Day | 1,875 | 1,625 | ||
| Moishe House | 1,000 | 1,000 | ||
| Ohel Sarah | 1,500 | - | ||
| Seret International | - | 1,000 | ||
| St Cuthberts | 1,000 | 1,000 | ||
| The Bike Project | 1,000 | - | ||
| The Jacob Foundation | 1,000 | - | ||
| UJIA | - | 100,000 | ||
| UK Gives Limited | - | 40,000 | ||
| Westminster Trust | 500 | 500 | ||
| ZSV Trust | 1,000 | 500 | ||
| 45,625 | 187,825 |
10
THE SIR TREVOR CHINN CHARITABLE TRUST No. 2
inancial Statements for the year ended 5 April 2025
| 5. Support Costs Underprovision in previous years Bank Charges 6. Investments Market Value at 6 April 2024 Acquisition cost in the year Proceeds from disposals in the year Realised gains/(losses) on disposals Movement in unrealised valuation Market Value at 5 April 2025 Cash held within Investment Portfolio Total value of Portfolio at 5 April 2025 Investments at market value comprised: UK Securities Foreign Securities Historical cost at 5 April 2024 |
£ £ £ £ - - 495 496 495 496 £ £ £ £ £ 740,176 822,304 0 0 0 0 0 0 0 0 12,876 -83,669 12,876 -83,669 753,052 738,635 4,911 1,541 757,963 740,176 757,963 738,635 757,963 738,635 2025 2024 2025 2024 |
|---|---|
11
THE SIR TREVOR CHINN CHARITABLE TRUST No. 2
Notes to the Financial Statements for the year ended 5 April 2025
----- Start of picture text -----
|||||
|---|---|---|---|
|2025|2024|
|£|£|£|£|
|7. Cash at bank and in hand|
|13,418|8,538|
|Coutts & Co Current Accounts|
|2025|2024|
|£|£|£|£|
|8. Creditors: Amounts falling due within one year|
|Due to Sir Trevor Chinn CVO|1,860|1,860|
|1,860|1,860|
----- End of picture text -----
9. Trustees’ Remuneration and benefits
None of the Trustees have been paid any remuneration or received any benefits from the charity.
10. Trustees’ expenses
No Trustees’ expenses were incurred in the year ended 5 April 2025 (2024: £nil).
11. Related Parties
There have been no transactions with persons or entities that are closely connected to the charity or it’s Trustees (2024 : None).
12