THE THORESBY CHARITABLE TRUST FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 Ro918t•r•d Ch•rlty Numb•r 277215
THE THORESBY CHARITABLE TRUST l N D EX Year •nd•d 31 March 2025 Page General information Amnual report Independent èxamlnar's r8POrt Stalemonl of nancIal 8Ctivili88 Balance sheet Notes lo th& flnanclal $lalements
THE THORESBY CHARITABLE TRUST GENERAL INFORMA TION Year •nd•d 31 March 2025 Trustees C Farr K Plerreponl Stansfeld (Appointed 11 November 20241 Registered charlty number 277215 R•gl8t•r•d offlco Estate Office ThoTesby Park Newark Notts NG22 9EQ Trust lummary The charity was fomad on 15 December 1978 and funded In the short perlod thereafter by donatlons lotalling £204.985. The income and capital of the Trust is hold by the Trust••s for such charitable purp08es as they IhSnk fil. Indep•nd•nt •xamln•r Gregory Smyg-Rumsby ACA Dixon Wilson 22 Chancery Lane London WC2A 1LS Bank•r• Barclays Bank PLC 1 Churchlll Place London E14 5HP Sollcltorn Forst8rs LLP 22 Baker Street London WC2A 1LS Inv•stm•nt m•n•g•rs Cazenove C8pItsI M8nagemenl 1 London Wall P18ce London EC2Y SAU
THE THORESBY CHARITABLE TRLIST ANNUAL REPOR T Year ended 31 March 2025 The Trustees submit their report and accounts for the year ended 31 March 2025. Constltutlon The charity is constituted by a trust deed dated 15 December 1978. TruBtse8 The Truste88 who have served durfng the year arè Ih¢se shown on page 2. New TTusle&s are rerA)rnmended by one or more of the existing Trustees, and their appointment Is considered by the other Trustees. The Trustees havg the power lo Invest as Ihey Ihlnk fil any funds not Immedlately requlred. The majorlty of the Fund is held in quot8d sacuriuès which 8r& managed on a lully discreb'onary basis by Cazenove Capital Managemont. Oblgct and pollcles for the publ1¢ ben•fit The object of the Trusl as set out In the Trust Deed Is to apply the Trust fLJndg, at the Trustees, absolute discretion. to any charitable body, assoclallon or organlsallon. for charilablo purpos8S. It Is tho Trustees. rK*llcy to dlslrlbule the Income arlslng lISt malntalnlng the capllal In real lemis. There h38 been no change In these policies since the last annual report. Publlc benofit The Trusloes. having regard to the public benefit guidance publish8d by the Charity Commlssion in accordance with secli¢)n 17 of Ihtt Charities Act 2011. conslder Ihal the purpose and acu@S of tha charity satisfy the requirements of the public benefit test set out in 8ectiDn 4 of the same act. Ory•nls•tlon The charity is govern8d by ils truslees who may exerclsé all the powers contained within th8 Tru81 Deed. The rnanagernent of the financial affairs of th8 charity 1$ overseèn by Pi•rr•ponl Estates Management Llmll8d on behaw of the Trustees. All enqulrles ond 8ppIic8tlons for don8Uons should inllially ba addresse¢J lo the registered office. R•s•N•s Pollcy The Trust ha5 power lo dislrfbul8 capital and Income. 11 is the pollcy of the Trust lo maintaln fund8 8ufficienl lo cover management and administration expenses. Trustees may retain surplu5 income which Is accumulated lo enable the Trustees lo provide for its charitable objective5. Al 31 March 2025 totsl unrestricted res8rve5 held amounted to £1,311,32312024 - £1,411,289). R•vl•w ot tho year Incoming and outgoing resources for thg year are sot out in the Statgment of Financial Activities on page 6. In the year lo 31 March 2025, £52,372 was paid out to 34 drfferent causes12024 - £28,690 to 27 drfferenl causes). In the opinion of the Trustees. the charity's general progress Is satlsfaclory. Investments Total losses on investment 38se15 during the ye3r were £94,779, compared to gains of £76.652 in 2024.
THE THORESBY CHARITABLE TRUST ANNUAL REPOR T ICONTINUEDI Year •nded 31 March 2025 Flnanclal statements These are s81 out on pages 6 10 11. These have been dr8wn up in compliance with the relevant provIonS of the Charities Act 2011, and with the Twst Deed. For and on baham of the Truslees K PIERREPONT 8 October 2025
THE THORESBY CHARITABLE TRUST INDEPENDENT EXAMINER'S REPOR T Year endod 31 March 2025 Independent èxamin•8 r•port to th• Trust8•s of th• Thornsby Charitable Trust I report to tha Trusl8es on my examlnalion of the accounis of the Twst for th8 year ended 31 March 2025. R•sponilbllltle8 and ba$ls of roport As the charity truslees of the Trust you ar8 responsible for the prepalation of th8 accounis in accordance with the requirem&nls of the Charlties Act 20111'the Acl'l. You ar8 satisfied thal an audit is not required for this year under ¢harlty law and that an independènt examination is needed. I report in respect of my examinalion of the Trust's accounts carried out under secbon 145 of the 2011 Act and in carrylng out my examination I have followed all the applicable direclbons glven by th6 Charfly Comrni55ion under section 1451Sllbl ol the Act. Dixon Wilson, a firm of Chartered Accountants of whSch I am an employee, has provided bookkeeping services to the Tnjsl and I have applled the FRC'8 Revlsed Elhlcal Standard in carying out my exarninalion. An indep8ndenl examination does not involve gatherfng all the evidence thal would be required in an audit and consequently does not cov&r all the matters Ihat an auditor considers in giving their opinion on the aceounly. The plannlng and conduct of an audit goes beyond the limited assurance that an Independent examination can provide. Consequently, l express no opinion as lo whether the 8Gcounts presént 8 'true and fair, view 8nd my report is lirnited lo those specific matters sel out in tho Sntlependent 8xaminar's stotement. Ind•p•ndènt •xamln•r'8 8tat•m•nt l am qtJ81ilied lo undertake the examination by b8lng a qualified mernber of the Inslilule of Chartered Accountants in England and Wales. I hov8 completed my examination. I confirm that no material mallers have ccme lo my attantlon in connaclion with the examination giving me cause lo believe that in any malerlal respect.. accountlng records were not kept In respect of the Trust as requSred by sgdon 130 of the Act,. or 2. the accounts do not accord wllh those records,. or 3. the 8ccounls do not comply with the applicable requirements concerning the form and content of accounts set out In thÈ Ch8rlties (Accounts Bnd R8ports) Regulations 2008 other than any requirement that the aountS give a 'lrue and fair vigw, which is nol a rnalter consld8red as part of an independent examination,. or 4. the accounts have not been prepared in accordance with the rnelhods 8nd prfnciples ol the Stslemenl of Recommended Practice for accounting and reporting by ch8riliBs applic8ble to ch8rili8s prèparing their accounts in accordance wlh the Financlal Reporting Standard appllcBble in tho UK and Republic of Ireland IFRS 1021. I huvc no oonocrn3 ond hnvc comc neroJ3 no mattcrj in coiineetion with the exarninulion to whloh attention should be drawn in this report in order to enabl6 a proper understanding of the accounts ID be reached. GREGORY Dixon Wilson 22 Chancery Lane London WC2A 1 LS 9 October MYE-RUMSBY ACA 2025
THE THORESBY CHARITABLE TRUST S T A TE ME N T O F F I N AN C IAL ACTI V IT I E S Year ended 31 March 2025 Unrestrfcted Incom• fund 202S Unrestrfctod income fund 2024 Income and •ndowment• from.. Donation 13.7501 750 13,7501 750 Inve8trnent income.. Dlvidends Bank Inter881 55,412 3.724 55,676 3,307 59,136 58.983 Total Incom• and •ndowm•nt• 55,386 59.733 Exp•ndttur• on: Ralsing funds.. Inveslrnenl management fees 3.830 3,954 13,8301 (3.954) Charftable actlvlt185'. Charflable donallons Accountancy and ind&pendent examlnotlon Legal and proles8ion81 leas Bank charges 52.372 2,270 2,100 28.690 2,400 156.7431 (31,095J Tot1 exp0ndlre Oth•r r•¢ognls•d110•8•8llgalM 180,5731 (35,Q491 Galns on Inv•stm•nt 8gS•ts'. Realised galn on sale of Inv•stm8nls Unrealised Ilossygain on revaluatic of investments to merkel valu8 10.149 1104,9281 76,652 T¢)tsl oth•r r•¢ognl•?d Ilos¥e•ygain• 194,7791 76.652 N•t mov•m•nt In fvnds 199,9661 101,336 To1 lund5 brought lofftrd at l Aprfl 2024 Total lundB car¥lod fon¥ard at 31 March 2025 Ipage 71 1.411,289 1.309,953 1.311.323 1,411,289 All amounts ar• in raspect of continuing operions.
THE THORESBY CHARtfABLE TRUST BALANCE SHEET At 31 March 2025 Note 2025 2024 Fix•d assèts Investrnents al market value 1,258,249 1.331.081 Current assets Cash al bank and In hand Debtors 61.744 83.698 3,750 87,448 61,744 Llabllltl•8 Credllors.. amounts falling du8 within one year Not Current allots 18,670 53,074 (7,240) 80,208 TDtsI n•t ¥sset• 1.311,323 1,411,289 Unr••trl¢ted fund (pago 61 1.311,323 1,441,289 Th8 financlal stat8ments on pages 6 10 11 were approv8d by tha Trusts88 on antj signed by'.- 8 October 2025 K PIERREPONT
THE THORESBY CHARITABLE TRUST NOTES TO THE FINANCIAL ST A TEMENTS Year ended 31 March 2025 Accounung pollcl•s Basls of accountlng and a$seB$mgnt of going ¢onc8m The financial statements have been prepared in accordance wth the Statement of Recommended Pradc&'. Accounting and Reporting by Charits'es preparing their accounts in accordance with the FinAnei&l Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 102 SORPI issued in October 2019, the Financ4al Reportlng Standard applicable in Ihe UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. The Tnjst consts'tutes a public ben8fit entity as defined by FRS 102. Assets arKI118bilibgs arè in1.allY recognised I historical c¥)sl or IransaclSon value unless otherwise slated in the rel8v8nt 8ccountiThJ pdicy not8. The Twsl8e3 consider that there are nci material uncertJints"es about th8 Trusvs ability to conbnue as a gThng oncem. Income Donallons are recognised when the TruBI has entr'llemenl lo the Income. Ihere Is r&asonae assurare of receipt and the amount c¢f Sncome can be meaSUTed rell6bly. Gift Ai(J rneèivablè is included in income when there is è Val d8cl8r8lon from the donor. Any Gift Akl 8mwnl raeovèr8d on A don8llon is considered lo be part 01 that gllt and Is treated as an addltion to the sarne fvnd as tho Snlual donatlon unlass thè donor or Ihe t$m$ of th8 appèal h8v• spèdfied olh8rw8e. Income from Inleresl, royal8& And dlvld8nd$ Is Included in the accounis when recelpt Is probable and the amount receivab ¢an be measured foliably. Investrnenl galn5 and losses Includes any re8llsed or unrealised gains OT losses on the sale of Inve9tments ond any gain or loss resulting liom revaluing investments to market value al the end ollhe year. EMPBndltur• #nd114bllltlg• Expenditure and liabilities ore recognlsed once there is a legal or conStrUd ob4gAtion to m&ke payment to Ihird party, il 15 probable th81 settlem8nl will be required and the amount of tsb11ga'on can be measured reliab. l •xpendltur• Is accountèd for on 8n 8ccruals basls. The charfly has uedilors whlch ara m•osurad al seldemenl amounts. Amel• Fixed asset Inveslments in quoted shares, traded bonds and rlIar investments Jrg valued Inllally at cost and subsequently a¢ fair value Ilheir market value al bid pricel at the year gnd. Debtor5 Ilncludlng trade debtors and loan8 Tecelvablel are meaBured on Inlllal r8cOgnlUc al setuernent amouni aftgr any 8rnQUnt advarwl by the charity. Subsequenuy, they are Thasured al the cash or other ConsideraOn expected to be received. Taxativn The charity is exempt from tax on income and gal6 lalling within secuon 505 of the Taxtss Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent thBt these 8r8 8pplied to its charltatle objectives.
THE THORESBY CHARITABLE TRUST NOTES TO THE FINANCIAL ST A TEMENTS Yearended 31 March 2025 Charltable Donation$ 2025 2024 Asthma UK Aurora Wellbeing Cenlres Baby Basics Newark Bgssetlaw Action Cenlre Bassetlaw Food Bank Beaumond House H05plce Blidworth On The Move Support Nefv40rk Bomber County Gateway Trust Children's Bereavmenl Centre Community Safely Education CIC Cornwater Evergreens Foundallon Trusl Crackerjacks Children's Trust Each Amazing Breath CIC EMSCS Future Trees Trust Greenwor)d Riding for Disabled Association Handlcapped Chlldrens Action GTOUP Inspire and Achleve Found811on Jery Grgon Dog Rescue Jlgsaw Youth Club Kneesall Church Laxlon & Moorèhouse PC Lots All Eat Llncs & Notts Ar Ambulance Literacy Volunleers Mansfield Beacon Prolècl Motor Nourone Disease Associallon MSAT National Kldn•y Foundailon Nottlnghomshire Arts Theatre Noltinghamshire Community Foundalon Nolb'ngharnshire Hospice Notts Young Farmers Club Oasls Community Centre P8rtsh of Ihe Idle & S8nds People's Dlspens8ry lor Slck AmSm818 Portland College Ravenshead Community Transport Reach Learning Dlsabllity Royal Lancers Museum Royal Voluntary Seryice School Readers S.H.E UK Shine (Spina Bifidal Social Action Hub- Ralnworth Sl John5 Church - Pertethorpe STAA Strongbon88 Childr8ns Charity Support Through Court Vibrant Warsop CIC IVWI CwTied For4vard 1,140 1. 140 1.500 1.000 2.500 1,750 500 1,725 1,500 250 1,000 800 1,000 1,800 2,400 1,500 500 500 2,826 750 2,000 500 1,200 2,000 1,350 350 1,750 1.820 1,000 1,750 7,000 1,000 500 500 250 1,000 1,000 1.500 500 3,500 350 250 250 5,000 2,340 1,500 3,621 1,000 1,000 2.000 500 1,750 1,200 2,000 1,000 2,500 1,000 750 51,122 27.440
THE THORES8Y CHARITABLE TRUST NOTES TO THE FINANCIAL ST A TEMENTS Year ended 31 March 2025 Charitable Donations Icontinuedl 2025 2024 Brought Forward 51,122 27,440 Wainman Tnjst Walking for Parkinsons Willows Foundatkjn 1,000 250 1,250 Total 52.372 28,690 Accountsncy fo•• 2025 2024 Accountancy fe85 payable lo the independent examlnerfs firm as follows.. Examination - Accountoncy 400 1,870 2.270 400 2,000 2,400 Inv•stm•nt• The Trusts8s' inv8strn8nls were made up as follows.. At 1 Ap1 2024 AddltlonillDl¥poBal•l At 31 March 2025 Mark•t valu• Mark•t v*lu• Ct Cost G•ln Sehrtsjer Charlty Multl.atset Fund 1.199.828 1,331,081 21.947 10,149 1.222,172 1.258.249 The market value of the followlng securllles individually repr83enls gre818r than 5Vo ol the total market value of the Investm8nls and are Ih8r8fore consi(Jer8d malerlal lo th8 Ilnanclal statements. Mark•t value at 31 March 2025 %of total Inv•Btment• Schroder Charity Mutti-assel Fund 1,258,249 100% Market value At l April 2024 Additions at cost Disposal proceeds Realised gain on disposal Net loss on revaluation 1.331.081 26.947 15,0001 10.149 1104,9281 1,258,249 Al 31 March 2025 Investrnents al market v8lue consist of UK listed investrnents 1.258,249 10
THE THORESBY CHARITA8LE TRUST NOTES TO THE FINANCIAL ST A TEMENTS Year onded 31 M4rch 2025 Deblor8 2025 2024 Gift aid debtor 3, 750 3,750 The Gift aid debtor was determined lo not be recelvable and has been wrmten down to Ènil. Trusteos, remuneration and expen•• Nellher the TN¥tee$ nor any person Connected wlth Ihern recelved any remuneratlon ar relmbursement of axpenses during the year. Cv•dltor•'. amounts falllng du• wlthln on• year 2025 2024 Accountancy Investment management fees Intercompony creditor 3.820 3.600 1.250 3,640 3,600 8,670 7.240 Flnanclal aJJèts ind Ilbllhlei The charity h88 Ilnanci818ssets ar financial liabilities of a kind that qualify as bBsic financial instruments. Th9$9 are inilialty racognised at transaction value and subsequently MeaSud 81 their amortised cost. Flnanclal as1* 2025 2024 Cash 01 bank and In hand Gfft ald debtor 61.744 83,698 3,750 61,744 87,448 Flnanclal Il•bllltl•• Other creditors and occruals 8.670 7,240 8,670 7,240