THE THORESBY CHARITABLE TRUST FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022 Registered Charity Number 277215
THE THORESBY CHARITABLE TRUST l N D EX Year ended 31 March 2022 Page Gener21 information Annu report Independent examiner's report Statement of financial actlVltie5 Balance sheet Notes to the financial Statements
THE THORESBY CHARITABLE TRUST G E N E RAL I N FO R MA TI O N Year ended 31 March 2022 Trustees D Thorne C Farr K Pierrepont Registered charity number 277215 Registered office Estate Office Thoresby Park Nerk Notts NG22 9EQ Trust summary The chariry wa5 forrned on 15 December 1978 and funded in the 5htrrt period thereafter by donations totalling £204,985. The income and capital of the Trust is held by the Tru5tee5 for such charitable purpose5 as they think fit. Independent examiner Steven Wakefield ACA Dlxon Wilson 22 Chancery Lane London WC2A I LS Bankeys Barclays Bank PLC Solicitors Wedlake Bell 71 Queen Vittorta Street London EC4V 4AY Investment manager5 Cazenove Capital Management l London Vvall Place London EC2Y SAU
THE THORESBY CHARITABLE TRUST ANNUAL REPOR T Year ended 31 March 2022 The Trustees submit ¢heir report and atcounts for the year ended 31 March 2022. Constitution The charity is constituted by a crust deed dated 15 December 1978. Trustees The Trustees who have served during the year are those shown on page 2. New trustees are recommended by one or more of the existing trustees, and their appointment 15 considered by the other trustees. The Trustees have the power to invest as they think fit any funds not immediately requlred. The rnajority of the Fund is held in quoted securities whlch are rnanaged on a fully discretlonary basi5 by C3zenove Capital ManagemenL Object and pollcles for the public benefit The object of the Trust as set out in the Trust Deed is to apply the Trust fund5, at the Trustses, absolute ¢Jiscretion, to any charitable body. associat40n or organisation, for charitable purposes. It is the Trustees, policy to distribute the income arising whllst maintaining the capital in real terms. There has been no change in these policies slnte the last annual report Publlc benefit The Trustees, having regard to the public benefit guidance published by the Charity Commission in accordance with section 17 of the Charities Act 201 I, consider that the purpose and actNities of the charity satisfy the requirements of the public benefit test set out in section 4 of the same act. Organisation The charity is governed by Its trustees who may exercise all the power5 contained within the Trust Deed. The management of the financial affairs ol the charity is overseen by Pierrepont Estates Management Lim1ted on behalf of the Trustees. All enquiries and applitadon$ for donations should initially be addressed to the regISred office. Reserve5 Policy The Trust has power to d15tribute capital and income. It Is the policy of the Trust to maintaln funds sufflclent toi cover management and administration expenses. Trustee5 may retain surplus income whlch is accumulated w enable the Trustee5 to provide for its charitable objecrwes. At 31 March 2022 tot21 unrestricted reserve5 held amountsd to £1,393,18812021 £1,348,131). Revlew of the year Incoming and outgoing resources for the year are set out in the Statement of Financia1 Activitie5 on page 6. In the year to 31 March 2022. £50,965 was paid out to 46 different causes12021 £18,750 to 20 different cau5e51. In che opinion of the Trustees, the charity's general progre55 is satisfactory. Investments Total gain on investment assets during the year were £48.219. compared to gains of £207,319 in 2021.
THE THORESBY CHARITABLE TRUST ANNUAL REPOR T ICONTINUED) Year ended 31 March 2022 Finanelal statements These are set out on pages 6 to 12. These have been drawn up in cornpliance with the relevant provision5 of the Charities Art 201 I, and with the Trust Deed. For and on behalf of the Trustees K PIERREPONT 30- 2023
THE THORESBY CHARITABLE TRUST I N D EPEN D E NT EXAM I N E R'S REPO R T Year ended 31 March 2022 Independent examiner'$ report to the Trnstees of the Thore5by Charitable Trust I report to the Trustees on my examination of the accounts of the Trust for the year ended 31 March 2022. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in ¥cordance with the requirement5 of the Charitie5 Act 2011 I'the Act'l. You are satlsfied that an audit Is not required for this year under charity law and that an independent examinttion is needed. I report in respect of rny examination of the Trust's accounts carried out under section 145 of the 2011 Art and in carrying out my examination I have followed all the applicable directions &Ven by the Charity Commission under section 14515llbl of the Act. Dixon Wilson, a firm of Chartered Accountants of which l am an ernployee has provided bookkeeping services to the Trust and I have applied the FRC'S Revised Ethical Standard in carrying out my examination. An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving thelr opinion on the iccounts. The planning and conduct of an audit goes beyond the limited assurance that independent examination can provide. Consequently. l express no opinion as to whether the accounts present a 'true and fair, view 2nd my report is limited to those specific matter5 set out in the independent exarniner'5 Statsment. Independent examiner's statement l am qulified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales. I have completrd my exarnination. I confirm that no materlal matters have come to my attention In connection with the examination glving me cause to believe that in any material respect. accounting records were not kept in respect of the Trust as requlred by section 130 of the Act., or the accounts do not accord with those records- or the accounts do not comply wlth 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 flir view, which ts not a maTrr considered as part of an independent examination., or the accounts have not been prepared in accordance with the methods and principle5 of the Statsment of Recommended Practice for accounting and reporting by charitie5 2pplic2ble to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK 2nd Republic of Ireland IFRS 102). I have nts concerns and have come across no matters In connettion with the examination to which attsntion should be drawn in th15 report in order to enable a proper understanding of the accounts to be reached. STEVEN WAKEFIELD ACA Dixon Wilson 22 Chancery Lane London WC2A I LS 31 January 2023
THE THORESBY CHARITABLE TRUST ST A TE M E NT O F F I NAN C IA L ACTI VITI ES Year ended 31 March 2022 Note 2022 2021 Income and endowment5 from: Donations 250 250 Inve5(ment income.. Dividend5 Bank Interest 53,963 47.466 53,966 47.466 Total Income and endowments 54.216 47.466 Expendlture on: Raising funds.. Invesmient management fee5 4,252 6.430 14.2521 (6,430) Charitable activltles.. Charitable donation5 Accountsncy and independent examination Bank charges 50,965 2,160 18.750 2.040 153,126) 157.378) 120.7911 127,2211 Totsl expendlture Other recognlsed galnsl(losse$) Galns on investment a55ets'. Realised gain on disposal of investments Unreallsed gain on revaluation of investrnents to market value 52.564 46.609 154.755 Total other recognised gains Net incomè 48,219 207,319 45.057 227.564 Net movement In fund5 45,057 227,564 Total funds brought forward at l April 2021 Total funds carried forward at 31 Mah 2022 (page 7) .120,567 1,393,188 1,348.131 All amounts are in respect of continuing operations.
THE THORESBY CHARITABLE TRUST BALAN C E SH E ET At 31 March 2022 Note 2022 2021 Fixed assets Investments at market value 1,365,047 1.321.120 Current assets Cash at bank 2nd in hand Debtors 34,913 528 32,523 528 35,441 33,051 Llabilities Creditors.. amounts falling due within one year Net current assets 17,3001 28,141 (6,040) 27.011 Total net assets 1,393.188 1.348,131 Unrestricted fund {page 6) 1,393,188 1,348,131 The flnancial statements on pages 6 co 12 were approved by the Trustses on Signed by.." 2023 and 30 1 2023 K PIERREPONT
THE THORESBY CHARITABLE TRUST N OTES T O TH E FI NAN C IAL ST A TE M E NTS Year ended 31 March 2022 Accountlng pollcles Bas15 of accountlng and as5es5ment ofgolng concern The financial 5ratetnents have been prepared in acwrdance with the Statement of Recomtnended PDctice'. Accounting and Reporting by Chariiies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102 SORPI issued in October 2019, the hnancial Reporting Stsndard applicable In the UK and epublic of Ireland IFRS 10212nd the Charitie5 Act 2011. The Trust conttitutes a public benefit entity as defined by FRS 102. Asset5 and liabilitie5 are in11Y recognised at historical cost or transaction value Unle otherwise stated in the relevant accounting policy note. The Trustees consider that there are no matsrial unrtaIntleS about the Trust'$ ability co continue agoing concern. Income There has been no tsffsetting of assets and liabilities. or Sncome and expenses, unless required tsr permitted by the FRS 102 SORP or FRS 102. Donations are recognised when the Trust has entidement to the income, there is reasonable assurance of retript and the amount of income can bo measured reliably. Gft Aid receivable is included in Income when there is a valid decL3ratltsn from the donor. Any Grft Aid amount recovered on 2 donation is considered to be part of that grft 2nd is treated as an addition to the same fund as the inioal donation unless the donor or the term5 of the appeal have spetified othenvise. Income from interest roydlties and dldndS is included In the accounts vthen receipt is probable and the arnount recewable can be measured relthly. Investment gain5 and losse5 includes any realised or unrealised gains or ltssses on the sale of hvestments and any gain or loss resultlng from revaluing investments to market value at the end of the year. Expendlture and Ilabllltles abilities are recogni8ed as soon as there is a Wl or constructiye oblwation committing the Trust to the expendiwre. it 15 probable that Settlement will be requlred, and the amount of the OblitIOn can be MSUred reliabty. A11 exPendtUre is accounted for on an accruals b3Si5. No matsrial itern of deferred incorne has been included in the accounts. The charity has creditors which are measured at Settlement amounts le55 any trade discounts. Assets xed asset investments in quoted shares traded bonds and 5irniLar Investsnents are wdlued initialty at cost and 5ubsequendy atfair value (their market value at bid price) at the year end. Debrors lincludlng tfdde debtors and loans receivable) are measured on initial recognition at setdement amount after any trnde discounts or amount advanced by the charity. SubsequentSy, they are measured at the cash or other consideration expectsd to be received. Taxatlon The tharity is exetnpt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the T3Xition of Chargeable Gains Act 1992 to the emnt that these are app5ied to its charitable objectNe5.
THE THORESBY CHARITABLE TRUST NOTES TO THE FINANCIAL ST A TEMENTS Year ended 31 March 2022 Charitable Donations 2022 2021 1st Carlton-In-Lindrick Scout Group Ashfield Citizens Advice Asthma UK Aurora Wellbeing Centres Autism East Midlands Beaurnond House Hospice Blind Veterans UK British Epilepsy Association British Red Cross CASY ICoun5elling & Support for Young People) Cornwater Evergreens Foundation Trust Crackerjack5 Children's Trust Criminon UK Each Amazing Breithe E¢Jwinstowe PCC - St Marys EMICS Hetty's HotHouse Theatre Incest and Sexual A6u5È 5urYiYors joshua Williams Raclng Kneesall Church Laxton & Moorehouse PC 500 750 760 1,000 1,500 2,400 750 500 1,390 750 1,500 750 1.000 1,000 500 3,0(X) 500 2,000 500 1,500 300 2,750 725 2.750 Maggies Nottingham Mending Injured Minds Motor Neurone Disease Association MyAware NARA The Breathing Charity National Kidney Foundation Nottingham Arts Theatre Nottinghamshire Wildlife Trust Nottlnghamshire Hospice PDSA Port12nd College Police Community Clubs of Great Britain RABI RNIB Rosy May Foundation S.H.E UK Safe Fimilies School Readers Shawmind FoundaOn Skills Exchange NG7 Southwell Cathedral Chapter StJohns Church- Perlethorpe St Mary the Virgin Support Through Court Nottingham Teenago Cancer Trust The Fire FEhters Charity The Edwin5towe and The Dukeries Lion Club The Re5Plte Associatlon Carried forward 1,000 1,500 650 1.000 100 1,000 600 250 500 500 2,000 250 1,000 750 i.o(x) 500 750 I.ODO 1.500 500 1.000 400 750 2,750 750 1,750 1,500 500 500 i.ooo 13,250 45,215
THE THORESBY CHARITABLE TRUST N OT ES TO T H E FI N AN CI AL ST A TE M EN TS Year eE)ded 31 March 2022 Charltable Donations (continued) 2022 2021 Brought forward 45,215 13,250 The Royal Agricultural Benevolent SocIatIon Think Children Thomas Mtsrley Trust (Disabled Sailor5 Association) Thoresby Park Cricket Club TreetOP5 Hospice Care Wainman Trust Vvillow Foundation Woven Reform Zibby Garnett Travel Fellowshlp Total 1.000 soo 500 1,500 1,500 1.000 1,000 2,250 1,000 1,000 50,965 18.750 Accountancy fee5 2022 2021 Accountancy fees payable to the Independent examiner's firm as follows.. Examination Accountancy 300 1.860 300 1,740 2,040 2,160 10
THE THORESBY CHARITABLE TRUST NOTES TO THE FINANCIAL STA TEMENTS Year ended 31 March 2022 Investments The Trustees, investments were made up as follows.. At l Aprll 2021 AdditionslDlsposa15 At 31 March 2022 Market value Market value C05t Cost Galn Cost Schroder Charity Mul-Sset Fund 1,187,796 14,2921 1,200,412 1,365,047 The market value of the followlng Securities individually represents greater than 5% of the total market value of the investments and are therefore considered rnaterial to the financial statements. Market value at 31 March 2022 %of total investments Schroder Charity Multi-asset Fund 1,365,047 loo% Market value At l April 2021 Addition5 at cost Disposal proceeds Realised gain Net gain on reyaluation At 31 March 2022 1.321,120 148,708 1153,0001 46,609 1.365,047 Investments at market value con51St of UK listed investments 1,365,047
THE THORESBY CHARITABLE TRUST NOTES TO THE FINANCIAL ST A TEMENTS Year ended 31 March 2022 Debtors 2022 2021 Other debtors 528 528 528 528 Trustees. remunerdtion and expenses Neither the Trustees nor any person connected with them received any remuneratlon or reimbursement of expenses during the year. Creditor$: amounts falling due within one year 2022 2021 Accountancy Investment managernent fees 3,700 3,600 2,440 3,600 7,300 6,040 Flnancial assets and liabilitie5 The charity has financial assets and financlal liabilrcies of i klnd that qualfy as basic financial instruments. These are initially recogni5ed at tran5aCtiQn Value and subsequently mezsured attheir amort15ed cost. Flnancial assets 2022 2021 Cash at bank and in hand Other debtors 34,913 528 32,523 528 35,441 33.051 Financlal liabilities Other cred1tors and cral$ 7,300 6.040 7,300 6,040