THE THORESBY CHARITABLE TRUST FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 Roglst•r•d Charlty Numb•r 277215
THE THORESBY CHARITABLE TRUST I N DEX Year onded 31 M•r¢h 2024 Page General infomialion Annual report Independent examiner's report Statement of financi818ctivili08 Balance sho91 Notes to the fln8ncl&l $18temenls
THE THORESBY CHARITABLE TRUST GENERAL INFORMA TION Year ended 31 March 2024 Trustee• D Thorne C Farr K Pierrepont R•glstered charlty numb•r 277215 Regl•tered offlce Estate Office Thoresby Park N8wark Notts NG22 9EQ Trust •umrn•ry The chaflty was formed on 15 Decemb8r 1978 and funded in the short period thereafter by donaknons lotalling £204,985. The incomg 8nd capllal of the Trust Is held by the Twsleos lor 5uth Charable purposes as they thSnk fit. Independent examln•r Steven Wakefield ACA Dlxon Wllson 22 Chancery Lane LondDn WC2A 1 LS 8•nk•r¥ Barclay$ Bank PLC Sollcil For51ers LLP 22 8ak8r Str8•t London WC2A 1 LS Inv••tm•nt m•n•g•rn Cazenove Capltal Management 1 London Wall P18C London EC2Y SAU
THE THORESBY CHARITABLE TRUST ANNUAL REPOR T Year •nded 31 March 2024 The Trustees submlt theSr report and accounts for Ihe year ended 31 MBrch 2024. Constltutlon Tho charity is consliluted by a trust deed dated 15 December 1978. Trustee The Truslegs who have served during the year are those shown on pag8 2. New trustees 8re r8comm8nd•d by one more of the exi51ino iruste8s. and th8ir appoinlmenl is considered by th8 Other trustees. The Tru8tees have the power lo Invest as they thlnk fil any funds not Smmediately r8qulr8d. The maloTSty of the Fund is held in quotèd stttJrtll8s whlch 8r8 managed on a fully dlscr8tlonary basis by Cazenove Capltal Management. Obl•ct •nd p¢llcSe• for th• publlc benoflt The oblecl ol the Trust as sel out in the Trust Dèod Is lo apply the Trust funds. al the Trustees, absolute dls¢fellon, lo any charitable body, association or organlsation, lor charitsble purposas. 11 Is the Tru$legs' pollcy to dislribulg th? Income arising whllsl mainlalnlng the caphal In r981 torms. There has been no change in the$0 P1•5 SIn the last annual report. Publlc b•n•flt The Trustees. having raggrd to the public benefit guidance published by tha Charity Commission in accordance wlth 58ctlon 17 01 the Charllles Act 2011, consider Ihal the purpose and aclivitses of the charity satlsfy the requirements of the publlc beneflt test set out in section 4 of Ihe same act. OrganlJ•tlon The ch8rfly Is governed by its Iru8199s who may ax8rcise all the power5 conlainod wSthln Iho Tru51 Deed. The management of the flnanclal 8ff8irs ol the charity is oversn by Pl•rrepont E51Ale8 Man8gemènt LlmSted on behalf ol the Trustees. All enquSrie8 and 8ppllcations for donallons should In111811y be address&d to th8 regislorgd office. R•*•r¥•• Pollcy The Trust has power lo distribute capital and income. 1118 the policy of the Tru3t lo maintain funds sufficlent to cover management and administration expenses. Tru51ees may retain surplus Ineome which is accumulated to enable the Tfuslees lo provide lor its chafitable objectives. Al 31 March 2024 total unrestricted reserves held awnounled to £1,411,289 {2023- £1,309,953). Revlew of the year Incoming and outgoing resources for the year are sel out in the Statement of Financial Aclivilitrs on paga 6. In the year to 31 March 2024, £28,690 was paid oul to 27 different cause512023- £40,550 10 31 different causes). In the opinion ol the Truslees, the charrty'5 general progrtrss Is satisfactory. Investments Total gain on investrnenl 8s5els during the year were £76,652, Eomparad lo losses of £110,034 in 2023.
THE ThORESBY CHARITABLE TRUST ANNUAL REPOR T (CONTINUED) Y•ar •nd•d 31 March 2024 Flnanclal •tat•m•nts These are 881 out on pages 6 to 12. These have been drawn up In compllance wlth the relevant provlslon8 of the Choritles Act 2011. and with Ihg Trust Deed. For and on behaN of the Trustees K PIERREPONT 5 February 2025
THE THORESBY CHARITABLE TRUST INDEPENDENT EXAMINER'S REPOR T Yéar ended 31 March 2024 Independent examIne$ r•port to th• Tru81895 ol the Thoresby Charltable Tru¥t I report lo th8 Truslee8 on my exafftinatlon of the accounts of the Trust for the year ended 31 March 2024. R•sponslbilltl•s and basls of report As th8 charity Iruslees ol the Tru81 you are responslblè for the pr8paraiion of the accounts in accordance with the requirements of the Charlll8s Act 20111'lhe Acl'l, You are satisfied that an audit is not r8quSred for this year under charlty law and that an In(iependenl 8xamlnallon Is needed. I report in respect of my examination of tha Trust's accounts carried out under sèction 145 of tha 2011 Act and Sn carying out my examination I have followed all the appllcable directions given by the Chgrity Commission under section 14515llbl ol the Act. Dixon Wilson, a firm of Chartered Accountants of which I am an employee, has provided bookkeeping 5ervlces lo the Trust and I have 8pplled the FRC'S Revised Elhlcal Stsndard in carylng out my examination. An ind8pendent 8x8minalion does not involve gatherlng all tha 8vidance that would be required in an Budll and consequently does not cover all the mallars that an auditor consSders In giving Ih8lr opinion on the accounts. The planning and conduct of an audit goes beyond the Ilmiled assurance that an independent ex8minalion can provlde. Consequently, l express no opinion 89 lo wh8lh8r the accounts present a 'tnJe and fair, view 8nd my report Is Ilmiled lo those specific matter8 8el out in the Independent examlner'8 stalemant. Ind•p•nd•nt •xamln•r'8 Stat•m•nt l am qu811118d lo undert8ke the 8x8minatlon by belng 8 quallflod member of the In$b'lute of Chartered Accountants in England and Wales, I hav8 compleled my gxamlnalion. I confirm that no material matlors have com8 lo my allenllon In connection with the examination giving mg cause lo b¢liev8 that in any rnal&rial respect.. accounting records were not kept in respect of the Trust as required by section 130 of the Ad,, or 2. the accounts do not accord with those records.. or 3. the accounts do not comply with the opplicable requlrements concerning the fom) 8nd conlenl of accounts sel out in the Charllies (Accounts and R8POrtsl Regulallons 2008 oth8r than any requirpmenl Ihal the accoun15 give a 'lrue and fair vlow, which is not a matter considered as parl of an indepgn(Jenl ex8mination; or the accounts h8ve not been prepBred in accordonce with Ihe methods and principlès of the Stalemenl ol Recommended Practice lor accounting and reporting by charities applicable to chBrilies preparing thelr accounts in accordance with the Financial Reporting Standard appllcable in the UK and Republic of Ireland IFRS 1021. I have no concerns and hav8 come across no matters in connection wlh the 8xamination lo whlch 8it8nlion should b• drawn in thi5 r8POrt In ordèr to anBbl• a proper understanding of the accoun15 to bo roa¢hod. GREGORY SMYE-RUMSBY ACA Dixon Wilson 22 Chancery Lane London WC2A 1 LS 5 Fèbruary ?n?.s
THE THORESBY CHARITABLE TRUST ST A TE M EN T O F F I N AN CIAL ACT IVIT I E S Year ended 31 M)h 2024 ilnr••trld•d Incomè funtl 2024 Unre8trlct• Income fund 2023 Incorn• and •ndowment• from: Dcfflatlons 750 18,750 750 18,750 Investment Incom8'. Oividends 6Bnk Intefesl 55,676 3,307 54.619 856 58,983 55,475 T4,225 Total Incom• and •ndowm•nts 59,733 EXndItuT0 an: Raislng funds= Investment management fees 3,954 4.063 13,9541 (4,063) Charllabla acilvlll8s'. Charitable donauons Accountancy and independanl 8xamlnall( Leg81 Jnd prof888ion81 fees Bank charges 28,690 2,400 40.550 2.280 528 131,0951 (43,363J Totil •xp•ndlturn Oth•r r•cognl8•d11o8M•lloaln• 135,0491 (47,4Z6J Gainy on Inveslment as8•t8'. Unrealised gainlllos61 on revaluatlon ol investments to market value 76.652 (110,034) Totsl otMr r•eognl••d g¥ln•ll1*) 76.652 fl 10.034) N•t 0ment In lund• 101.336 1,309,953 f83.235) 1.393, 188 Tota funds brought fOard at 1 April 2023 Total funds c•nl•d forward at 31 March 2024 (pag9 71 1,411,289 1,309,953 1 amounts are In respact of continuing operations.
THE THORESBY CHAR ALE TRUST BALANCE SHEET At 31 Mar¢h 2024 Note Z024 2023 Flx•d assets Investments al market value 1,331,081 1.254,429 Curr•nt as$et8 Cash at bank and In hand Deblors 83,698 3.750 58,774 3,750 62,524 87,448 Ll•bllltl•¥ Cr8ditors'. amounts falllng due within one year N•t currnnt as•et• 17,2401 80.208 (7.OOOJ 55,524 1,309,953 Total n•t •8••t• 1,411.289 Unr••trlGt•d fund {pa9o 6) 1,441,289 1,309,953 The flnanclal st8t8menl8 on pages 8 to 11 ware approved by the Trustees on 5 February and signed by'.- 2025 K PIERREPONT
THE THORESBY CHARITABLE TRUST NOTES TO THE FINANCIAL ST A TEMENTS Year ended 31 March 2024 Aceounllng pollelo• BJ•l• of accountlng and ag8gs$m•nt of golng conc•m Tho flnaneial 51at8rn8nts have been pr8par8d in 8crx)rdance w7th th8 Stat8menl of Rècommended Pracce.. Accounting ond Reporting by Chanties preparing their atcounts in aecordante wilh the FinancKel Reporting Standard applicable in th& UK and Republic Cf Irelond IFRS 102 SORPI issued in October 2019, the Finandal ReporbrrfJ Standard apICable in the UK ond Republic of Ireland IFRS 1021 and Ihe Charities Ad 2011. The Trust constitutes A public benefit &ntity 8S tjefined by FRS 102. Assets and liabilitie5 are initially recognised at hiBtOriC81 cnst or transaction value unl¢ss otherwise stated in the relevant accnting policy nolB. The Trustees consider that there are nL) malerlal uncertainties about the Trust's Bkn'lity to continuo As 8 golng concem. Incom• Donations are recognised when the Twst ha5 en11meNt th8 Income, Ihere18 reasonable assurance ol recwpt and Ihe arnount of income can be measureil ll8bty. Glft receiv8bJe 18 induded in income when there is a valid declar8tlon from tho donor. Any &ft Ald amount recovered on 8 donation 18 con5Idered to be part th that gift arJ is tr88ied as Bn 8ddlUon lo the same fund as the Inlllal don81ion unless th& donor orlhe terms of the appeal have spedfi*d otherws¥, Incomo from Int8re8t, royawas and dfvhlènds18 Indudad thè accounts wh8n rIptI8 proboble and the am¢)unt raceivable can b8 maasur8d ra11ay. Investment galns and losses Includes any reallsed or unreallsed galn5 or losses cn the sale of Investments and any gain or loss resul'n9 from r&valuiThJ invastmènls to market value at the end of Ihe year. Exp•ndltur• •nd Ilabllltl•• Llabillties aro recogn16ed as soon a8 there Is a legal or construcUve obligatlon commttting the Trust to the ?XFendiluw. il Is probJblè th81 Bettment wll be Tèquired, and tho amcrtjnl of tho oblio8lion c8n bl m8asur8d rellably. All expenditure Is accounlod lor an accru818 ba818. The charfty has credltors whkh are measured at setdemenl Amounts. A••el• Fixed aBset investmenls in quoted shares, traded bonds and &rnilar investments are valued ini¢t4Ny et ¢osl and Subsequently at r8ir value Itheir mafkel value at bid pricel 81 the year end. Debtors lincluding trade debtor8 and loans re1Vable) are me88ured on initial recognition 81 settlement amount after any amount advanced by the charity. Sub5equerfy, they a measured 8t th8 cash orother consideration expected to be received. Taxatlon The charity is exempt from tax on income and gains falling within 5ecllon $05 of the T3xe5 Act 1988 or section 252 of th8 Taxation of Chargeable Gains Act 1992 to the exlent that these are applied to its ch8rftable objectives.
THE THORESBY CHARABLE TRUST NOTES TO THE FINANCIAL ST A TEMENTS Year 4nd•d 31 M•rch 2024 Charltable Donatlon 2024 2023 Isl Cadlon4n-Lindrick Scout Group Asthma UK Aurora Wellbeing Centre5 Beaumond House Hospice Blind Vetsrans UK Bomber County Gateway Trust CASY (Counselling & Support for Young Peoplel Chlldren'8 Bereavmenl Centre Community Safely Educalion CIC Chl¢dren with Cystic Fibrosis Dream Hdidays Cll&ens Advice Broxtowe Cornwaler Evergreeng Foundation Trust Crackerjacks Children's Trust Edwinslowe PCC- Sl Marys Edwinglowe Royal 8rilish Leglon European Squirrel Initiative EMICS Handicapped Childrens Actlon Group Jery Green Dog Rescue Kne8S811 Church Laxton & Moorghouse PC Lincs & Notts r Ambulance Motor Neurone Oisease Associallon My Sight Nottinghamshlre Nal¢onal Kidney Foundation NotlinghBm Arts Th88tre Nottinghamshirg Historic Churches Tru81 Nottlnghamshlre Hospice Notts Young Famer5 Club Parish of Sl Peters Church Rovenshead Parish of the Idle & Sand8 People's Dispensary for S5ck Anlmals Royal VoluntBry Service Rhubarb Farm S.H.E UK School Readers St Johns Church - P8d8lhorpè St Margarets PCC Support Through Court STAA Te&nag8 Cancer Twst The Royal Agricultural 8enevolent Association The Brdin Tumour Charity Theodore Children's Charlty br8nt Warsop CIC {VWI Willows Foundation 5tYI 1, 140 1,000 1.140 1,500 1.500 500 250 1,000 1,000 800 1,000 1,500 1,000 2,050 1,000 1,000 1,000 1,800 500 750 500 2,000 1.350 1,000 1.000 1,246 750 500 1.000 5QQ 1.000 2,000 500 1,500 500 5LXI 350 250 1.000 7,500 2,000 1,000 2.5t 1,000 2.000 1,000 2,500 1,000 1,500 1,500 1,520 500 750 750 1,250 1.25Q 40,550 Total 28,690
THE THORESB Y CHARITABLE TRUST NOTES TO THE FINANCIAL ST A TEMENTS Year endèd 31 March 2024 Accountancy fees 2024 2023 Accountancy fees payable to the independent examinerfs firrn as follows.. Examination - Accountancy 400 2.000 340 1,940 2,280 2,400 Inv•sth)•nts The Tru5tees' investrnent8 were made up as follows.. At 1 Aprll 2023 AddltlonslDIspDBals At 31 M•rGh 2024 M¥rk•t v•lu• M•rk•t v•lu• Ct Cost Giln Co•¢ Schroder Charity Mutti•aS$et Fund 1,199,828 1,254.429 1,199.828 1,331,081 The market value of the followlng secuTllle5 Indlvidually represents greater than 5% of the lolal m8rket valu8 ol tho inv8stm&nts And 8r8 therefore considered m8t8rf81 lo th8 fln8nrABI statamenis. Mark•t valu• at 31 March 2024 %of totsl In¥•stments Schrod8r Charity Mutti45sel Fund 1.331,081 100% Market v•lu• Al l April 2023 Nel gain on Valuation Al 31 March 2024 1,254,429 76,652 1.331,081 Investhienls al market value conslsl of UK listed investments 1,331,081 10
THE THORES8Y CHARITABLE TRUST NOTES TO THE FINANCIAL ST A TEMENTS Year ended 31 March 2024 Debtorn 2024 2023 Grfi aid debtor 3,750 3,750 3, 750 3.750 Truste•i' r•mun•ratlon and exp•n••• Ntllher the Trustees nor any pérson connected wlh them received any remuneration or reimbursemant of expenses dunng the yaar. Cr•dllor•: •mount• falllng du• wlthln on• y••r 2024 2023 Accountancy Investrnenl manaoemenl lees 3.640 3,600 7,240 3,400 3.600 7.000 FlnanGlal aBBet8 and Ilabllttl•s The charfty has flnanclal assels and flnancial Ilabllilles of a klnd that qualfy as basic financiol instruments. Thes8 are initially rocognisgd al transaction value and subsequently measured 81 thoir Amorb'sed c051. Flmnclal a•s•t• 2024 2023 Cash al bank and In hand Glft ald debtor 83,698 3,750 87.448 58, 774 3, 750 62,524 FIDancl•l Ilabllltl•• Other creditor5 and accruals 7.240 7,240 7.000