Charity Number: 280693
THE LONDON TRUST FOR TRINITY COLLEGE DUBLIN
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

THE LONDON TRUST FOR TRINITY COLLEGE DUBLIN
CONTErirs
Page
Reference and admlnlstratlve detalls of the Charlty. Its trustees and advlsers
Trustees. report
Independent examlnerfs report
ststement of flnanclal artlvltles
Balance sheet
Notes to the flnanclal Statements
9-15

THE LONDON TRUST FOR TRINITY COLLEGE DUBLIN
REFERENCE AND ADMINISTRATIVE DEfAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
The Board of Trustees
Mr R Pennant-Rea
Lady E Duff Gordon
Mr F Larkin
Charlty reglstered number
280693
Correspondence address
clo Frank Larkin
70 Talbot Road
London N6 4RA
Independent Examiner
Rajiv Thakerar
Simmons Gainsford Professional Services Limited
Chartered Accountants
14" Floor, 33 Cavendish Square
London
WIG OPW
Bankers
Lloyds TSB
83 Clarence Street
Kingston upon Thames
Surrey KTI IRE
Sollcltors
New Media Law LLP
The Tapestry Building
51-52 Frith Street
London
WID 4SH
Page 1

THE LONDON TRUST FOR TRINITY COLLEGE DUBLIN
TRUSTEES, REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2023
The Trustees are pleased to present their annual trustees. report together with the financial statements of
The London Trust for Trinity College Dublin for the year l October 2022 to 30 September 2023.
The financial statements comply with the Charities Act 2011, the Trust Deed, and Accounting and Reporting
by Charitie5.' Statement of Recommended Practice applicable to charities preparing their account5 in
accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 leffe¢tive
I january 20191.
Oblectlves and Artlvbtles
PollcSes and obSKtlves
The Charittys principal activity is to promote the advancement of education generally and in particular public
access to educational facilities and of higher education in the British Isles and at Trinity Colle8e Dublin.
Publlc Benefit
We have referred to the guidance contained in the Charity Commission's general guidance on public benefit
when reviewing our aims and objectives and in planning our future activities. In particular, the Trustees
consider how such planned activitie5 will contribute to the aims and objective5 of The London Trust for Trinitv
College Dublin.
A¢hlevements and perfomiance
Revlew of actlvltles
Income is mainly derived from donations and legacies. Grants have been made to Trinity Foundation. part of
the University of Dublin. a public body and a charity registered in the Republic of Ireland for the provision of
funding for research. scholarships and to acquire equipment and assets.
Going concern
Despite the uncertain economic climate due to the Russialukraine war. the trustees have a reasonable
expectation that the charity has adequate resources to continue in operational existence for the foreseeable
future. For this reason they continue to adopt the going concern basis in preparing the financial statements.
Economic uncertainty. elevated borrowing Costs and stubbornly high inflation has impacted the investor
sentiment and heightened the potential for greater volatility in etonomic markèts over the 5hort-to medium
term.
Page 2

THE LONDON TRUST FOR TRINITY COLLEGE DUBLIN
TRusfEES' REPORT Icontinuedl
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Flnan¢lal revlew
The annual financial statements are attached to this report. These have been prepared in accordance with the
policies summarised on pages 9 to 11.
There was a deficit from all activities of £38,20412022= surplus of £25,201) on incoming resources of £419,395
12022.. £635,740).
The primary focus of the Trust is to support key areas within Trinity College Dublin mainly through the Trinitv
Alumni fund, which is the main vehicle through which Trinity alumni give back to the College. Graduates are
contacted via postal mailings and a telephone campaign to update them on the current needs of the College
with the purpose of securing donations while also keeping alumni abreast of recent developments. The Trust
successfully granted £447,87912022- £607,299) to support the needs to Trinity College during the year. It Is
the intention of the Trust to continue to work closelywith Trinity Development and Alumni ITDAI to determine
and support the upcoming needs of the University.
Structure• governance and management
Con5tltutlon
The London Trust for Trinity College Dublin Icharity number 2806931 is a re815tered unincorporated Charitv
governed by a Trust Deed established on 9 july 1980. The charity is also known locally a5 'The UK Trust for
Trinity College Oublin,.
The trustees who served durinB the year were:
R Pennant-Re3
E Ouff Gordon
F Larkin
Method of appolntment or elertlon of Trustees
The management of the charity is the responsibility of the Trustees who are elected and co-opted under the
terms of the Trust deed.
Page 3

THE LONDON TRUST FOR TRINITY COLLEGE DUBLIN
TRu¥fEES' REPORT Icontinuedl
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Or8anlsational strurture and de¢lsion makin8
The London Trust for Trinity College Dublin is an independent body which makes grants for the furtherance of
higher education.
The policy on makin8 grants is to identify worthwhile causes on the initiative of the Trustees or by application
by third parties. Any decisions to make grants are made by the Trustees on a majority rule basis. Trustees have
absolute discretion with regard to fund allocation.
The activities of the Trust are co-ordinated by the Chairman, aided by the Secretary. Trustee communications
and decisions are done primarily by email. telephone and meetings as required.
The method of appointment for Trustees is that the names of prominent and active members within the
graduate base are reviewed by current Trustees and a democratic choice made from a short list. The Trustees
have been carefully chosen from graduates of differing decades. to ensure a fair reflection of views.
A new Trustee is provided with the following information to enable him or her to discharge his or her
responsibilities. namely.. a copy of the Trust Deed. the latest annual accounts and current financial position,
the latest Chairman's report. the Minutes of the last meeting of Trustees. any available information on current
marketing projects and a copy of the Charity Commission's Duties of Trustee5.
Rlsk management
The Trustees undertake a yearly risk assessment in which they identify any risks facing the Trust to ensure the
rlsk of in¢urrin8 any problems is minimised or il possible eradicated.
Plans for future years
From April 2024, taxpayers will not be eligible for UK tax relief on donations to EU or EEA charities and these
entities themselves will be unable to claim Gift Aid. As Trinity Development and Alumni will cease to be an
eligible charity, The London Trust for Trinity College Dublin will revert to be the vehicle for UK donor5. The
Trust have appointed a new solicitor to manage the legal affairs of the Trust. The Trust has worked closely
with TDA to establish the relevant IT and infrastructure has been implemented to ensure it can manage a
higher volume of donations in future periods.
Page 4

THE LONDON TRUST FOR TRINITY COLLEGE DUBLIN
TRusfEES' REPORT Icontinuedl
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Trustees. responsibilities ststement
The Trustees are responsible for preparing the Trustees, report and the financial statements in accordance
with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for
eath financial year which give a true and fair view of the State of affairs of the charity and of the incoming
resources and application of resources of the charity for that year.
In preparing these financial statements, the Trustees are required to..
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP-
make judgments and accounting estimate5 that are reasonable and prudent,.
state whether applicable UK Accounting Standards have been followed, Subject to any material
departures disclosed and explained in the financial statements.
prepare the financial Statements on the goin8 concern basis unless it is inappropriate to presume that
the charity will continue in operation.
The Trustees are responsible for keepin8 proper accountln8 records that are sufficient to show and explain
the charity's transactions and disclose with re3sonable Jccuracy at any time the financial position of the charitv
and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity
(Accounts and Reports) Regulations 21￿8 and the provisions of the trust deed. They are also responsible for
safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection
of fraud and other irTe8ulaTities.
The trustee5 for the purposes of charity law who served during the year and up to the date of this report are
set out on page 3.
This report was approved by the Trustees on 1917l20241205fi￿gned on their behalf by..
Mr F Larkln
Trustee
Page 5

THE LONDON TRUST FOR TRINITY COLLEGE DUBLIN
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE LONOON TRUST FOR TRINITY
COLLEGE DUBLIN
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Independent exarninerfs report to the Trustees of The London Trust for Trinity Colle8e Dublin
I report to the trustees on my examination of the financial statement5 of The London Trust for Trinity College
Dublin for the year ended 30 September 2023 which comprise the Statement of Financial Activitie5, the
Balance Sheet and related notes.
Th55 report is made solely to the Charl￿$ trustees, as a body, in accordance with Section 145 of the Charities
Act 2011. My work has been undertaken so that I might state to the tharit(s trustees those matters l am
required to state to them in this report and for no other purpose. To the fvllest extent permitted by law, I do
not aceept or assume responsibility to anyone other than the Charity and the charity's trustees as a body, for
my work, for this report, or for the opinions I have fomied.
Responslbllltles and basls of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance
with the requirements of the Charilies Act 20111'the Act'l.
I report in respect of my examination of the charivs financial statements carried out under section 145 of the
Act and in carrying out my examination I have followed all the applicable Directions given by the Charitv
Commission under section 1451511bl of the Act.
Independent examlnerfs statement
I have completed my examination. I confirm that no material matters have come to my attention In connection
with the examination giving me cause to believe that in any material respect..
accountin8 records were not kept in respect of the charity as required by sectlon 130 of the Act- or
2. the financial statements do not accord with those records., or
3. the financial statements 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 financial statements
to be reached.
Rajiv Thakerar FCA Ilndependent Examiner)
For and on behalf of Simmons Gainsford Professional Services Limited
Chartered Accountants
33 Cavendish Square
London
WIG OPW
Dated.. 19n/2024120..06 BST
Page 6

THE LONDON TRUST FOR TRINITY COLLEGE DUBLIN
STATEMENT OF FINANCIAL AcfiviTIES
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Unre5tvlcttd
Funds
2023
Re5trkted
Funds
2013
Total
Funds
2023
Total
Funds
2022
Nott
Income from..
Donations and grants
Operational fundln8 received
82,388
9.720
329,428
411,816
9.720
632,500
3,240
12
Total Income
92,108
329,428
421,536
635,740
Expendlture on..
Grants payable to InstStutSons
Governance
75.COJ
9,720
372￿79
447,879
9.720
607,299
3,240
Total expendlture
Net Income I (eXpendhu￿j belore other
¢etO8hl$ed salns amd losses
Net movement In lunds
84,720
372A79
457.599
610,539
7,38B
143.4511
136,0631
25,201
Reconclllallon ollunds:
Total fund5 broughi forward
9.173
53.034
62,207
37,006
Totsl funds carrled forward
16.561
26,144
6Z,207
The notes on pages 9 to 15 form pèrt of these fina￿la1 statements.
Page 7

THE LONDON TRUST FOR TRINITY COLLEGE DUBLIN
BALANCE SHE
AS AT 30 SEPTEMBER 2023
2023
2022
Note
rrent assets
Debtor5
Cash at bank and in hand
14,323
21.541
35.864
6,864
58.583
65.447
Credltors- amounts falliTh8 due within one
Year
Net wrrent aSXts
9.720
3.240
26,144
62,Z07
Net assets
26,144
62,207
(harlty Funds
Resiricted funds
Unresrricted funds
io
io
9,583
16,561
53,034
9,173
Total lunds
26,144
62,207
The finèncial statements were apwoved by the membersof the committeeon19nD0241 on thelr behalf bv
Mr F Lar*ln
Tvustee
The notes on pages 9 to 15 form pèrt of these financial statemerts.
Page 8

THE LONDON TRUST FOR TRINITY COLLEGE DUBLIN
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Accountlng pollcles
1.1 Bas15 ol preparation of financlal ststements
The financial statements have been prepared in accordance with Accounting and Reporting by Ch3ritie5.'
Statement of Recommended Practice applicable to charities prep3rinR their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20211 a5
amended by Bulletin l issued by the Charity Commission - (Charities SORP IFRS 10211. the Flnanclal Reportlng
Standard èpplicable in the UK and Republic ol Ireland IFRS 1021 and the Charities Att 2011.
The London Trust for Trinity Colle8e ￿blIn Constitutes a public benefit entity a5 defined by FRS 102. The financial
statements are prepared under ihe historical cosi convention.
1.2 Fund •¢¢OUniln8
General funds are unrestritted fvnds which are available for use at the discretion of the Trustees in furtherance
of the 8enerèl objectives of the charity and which have not been designated for other purposes.
Designated fund5 comprise unrestricted funds that have been set aside by the Trustees for particular purposes.
The airn and use ol each designated lund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in a¢¢ordan¢e with specific restrittions imposed by donors or
whlch have been raised by the charity for part*ular purposes. The costs of raisin8 and èdminlsterlng such funds
are char8ed aBainst the 5pecifi£ fund. The aim and useof each restricted fund is set out in the notes tothe financial
Statements.
1,3 In¢ome
All Income Is reco8nlsed once the charlty has entitlement to the Income. It Is probable that the Income w511 be
received and the amount ol income receivable can be measured reliably.
For legacies, entitlefflent is taken a5 the eadier of the date on which either.. the charity 15 aware that probate has
been 8rantÈd, the Èstate has been finalised and notifitation has bÈÈn made by the Èxecutorlsl to the Trust that a
distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in
part, Is onlyconsidered protsab￿ wheTh the amouni can be measured reliably, and the charity has been notifled of
the executor'5 intention to make a distribution. Where le￿cleS have been notified to the charity, or the charity 15
aware of the Eranting of probate. and the criteria for income recognition have not been rnet, then the legacy is
treated 35 a contingent a55et and disclosed if material.
Income tam recoverable ITr relation to donations received uTrder Gift Aid or deeds of covenant Is reco8nised at the
time of the donation.
Page 9

THE LONDON TRUST FOR TRINITY COLLEGE DUBLIN
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Accountln8 pollcles Icorrtlnuedl
Expenditure
Eypenditure is recognised once there 15 a leBal or constructive obligation to transfer economic benefit to a
third party, it is probable that atransferof economic benefiis will be required in settlement and the amount
of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are
made up cf the total of direct Costs and shared costs, includin8 5UPPOrt cost5 involved in undertaking ezch
ctivity. Direct costs attributable to a siThBle activity are allocated directly to that activity. Shared costs which
contribute to more than one activity and support costs which are not attribuiable io a single activity are
apportioned between those activities on a ba515 con51Stent with the use of resources.
Governance cost5 are those irbcurred in ronnection with adrnini5tration of the charity and cornpllance with
constitutional and statutory requirements.
Grants payable are charged in the year when the offer 15 made except in those cases where the offer 15
conditicnal, such Brant5 being recogni5ed a5 expenditure when the conditions attaching are fulfilled. Grants
offered subject to condition5 which have not been met at the year end are noted as a commitment, but not
ccrued a5 expenditure.
Interesl re¢dv4blt
Interest on fund5 held oh deposit is intluded wheh re¢eivable and the arnount tan be measured reliably by
the charityi thi5 15 normally upon notification of the interest paid or payable by the Bank.
Debtors
other debtors ère reco8nised ai the settlemeht amouht. Preptyments are valued at the amount prepaid net
of any trade discounts due.
Qsh •t B#nk •nd In h•nd
Cash at bank and in hand includes cash and short term high￿ liquid investmÈnts with a short maturity of
threè months or less from the date of acquisition oropenin8 of th* deposit or similar attount.
Llabllitles and pro¥lsions
Liabilities are recognised when there is an obligation ai the Balan£e sheet date as a result of a past event. It
is probable that a transfer Of e£onomic benefit will be required in settlement, and the amount of the
settlement can bÈ Èstimated reliab￿. Liabilit1È5 are TÈtO8nisÈd at thÈ amount that thÈ charity antitipatÈs it
will pay to settle the debt or the amount it has received as advanced payments for the goods or services it
must provide. Provisions aTe measured atthe bestestimaie of the amounts required to settle the obligation.
Where the effert of thetimÈ value tsf money 15 material. the prtsvi5ion 15 ba5Èd on thÈ pre5Entvalue of th05È
amounts. discounted ar the pre-tax discount rate that refletts the risksspecificto rhe liability. The unwinding
of the discounr is recognised within interest payable and similar£har8ÈS.
Page 10

THE LONDON TRUST FOR TRINITY COLLEGE DUBLIN
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Accounting pollcies Icontlnuedl
Finanual instruments
The charity only has financial assets and financial liabilities of a kiThd that qualify as basic financial instruments. Basic
financial instruments are initially recoBnised at transadionvalueand subsequently measured attheir settlementvalue
with the exception of bank loans which are subsequently measured at arnonised cost using the effective interest
method.
Income from charltable actfvitles
Unrestrirted
funds
2023
Re5trkted
lunds
2023
Total
fvnd5
2023
Total
fvnds
2022
Donations and le8acie5 veceivable
82,388
329.428
411,816
632,5Tr)
81.437
328.238
409,675
632.500
An•lysls of gr•rfs
Unrestrirted
funds
2023
Re5trkted
lunds
2013
Tc+tsl
funds
Z023
Ttst•l
fund$
1022
Granis- The Trinity Foundation
75,¢)))
372.879
447.879
607.299
75,(K(I
372,879
447,879
607,299
Governance costs
Unrestrirted
nds
Z023
Restrkted
funds
20Z3
Total
funds
2023
Total
funds
2022
Accountanry fees
Bookkeeping fees
3.960
5,760
3,240
5.760
9,720
9,720
3,240
Page11

THE LONDON TRUST FOR TRINITY COLLEGE DUBLIN
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Analysis of resources expended byexpenditure type
Other costs
2023
Total
2022
Grznts paid- The Trinity Foundation
Expenditure on governance
447.879
9,720
607,299
3,240
457.599
610,539
Net lThcomln8 resiwrcesllresources expended)
This is stated after char8ing'.
2023
2022
Accountancy fees
Bookkeeping fee5
3,240
5,760
9,720
3,240
There was no remuneration. benefits in klnd or relrntr￿rseMents of expenses distdbuted to the Trustees in 2023 and
2022.
Deth¢rs
2023
2022
Qther debtors
14,323
6,864
Credltors: Amounts falllng due wlthin ¢￿e year
2023
2022
Ac£rua15 3nd deferred income
9,720
3,240
Page 12

THE LONDON TRUST FOR TRINITY COLLEGE DUBLIN
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Summary of funds
8rought
Forward
Incoming
Re50ur(e5
Aesoufces
Expended
Carried
Forward
General fvnds
9.173
92.108
84.720
16,561
Restricted funds
53.034
329.428
372.879
9,583
62,207
421.536
457,599
26,144
Anatysls of restrlcted lunds
Asat30
september
202Z
In¢¢mSn8
R¢sour¢es
Out8oln
Resour¢es
A$at30
september
2023
Trlnlty Green Week
Cancer Institute
John Byrne Endowment
Trlnity Access Programme
Trlnity Annual Fund
22.109
146.036
22.109
146,036
so.000
141.31X)
13.434
97.3CIJ
13.983
9.034
9,583
53.034
329.428
372,879
9,583
General funds
These are donation5 and other incoming resource5 receivable or generated for the object5 01 the charity without
further specified purpose ènd are available èsKeneral fund5.
Page 13

THE LONDON TRUST FOR TRINITY COLLEGE DUBLIN
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Restricted funds
Trinity Green Week
The Green Week in Trinity is an annual initiative designed to rnainstream 5UStainability issues and to raise awarene55,
highliEht best practice and knowledBe for Green iniiiatives.
John Byrne kholarshlp Endowment
This endowment wasset up in honourof the late Professorjohn Byrne, and his contribution to the studyof computing.
These scholarships support undergraduate students who are studying in the SCSS
Trlnlty St James's Can¢¢r Inst￿￿1¢
The TSJCI, the first ol its kind im Irelarbd. builds oh the IONÉ tradit￿tin tsf outstanding ¢omprehen5ive ¢an¢er care
delivered at Ireland'5 lar8est academic health campu5 at St Jarnes'5 H05Pltal in central Dublin, with the research and
educational excellence ol Trinity Colle8e Dublin. Ireland's leadin8 university. Trinity St Jarnes's Cancer Institute 15 the
first Irish cancer institute to be accredited by the Or8anisation ol European Cancer Institutes IOECII.
Trlnlty Alumnl Fund
The Trlnity Alumni fund ITAFI is the main vehicle through which Trinity alumni 8i¥e back to the College. Mailings are
sent to graduates asking for support followed by telephone calls made by current studenr5. Initiatives funded by TAF
in the past have included.. the TrinTty Access Programmes. rhe Women's Centenary Celebrations, Journal of Post-
Graduate Revlew, Students, Awards for Students. Conrribution to the College Community, the restoratlon of the
Goldsmith common room and the Beckett Centenary Symposium.
Trlnlty A(ce55 Pro8ramme
The Trinity Acce55 Pro8ramme ITAPI are a department whose focus is to increase acce55 to third level from
underrepresented groups.-Our mission is to work In partnership across the education sector with students, teachers,
f8milie5. cornmunities and businesses to widen acce55 and participation at third-level of under-represented 8roups."
Page 14

THE LONDON TRUST FOR TRINITY COLLEGE DUBLIN
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
io.
Analysis of net assets betrmeen fund5
Unrestrlcted
funds
2023
Restrkted
fund5
2023
Total
funds
2023
Total
fvnds
2022
Current assets
Creditors due within one year
26.281
19,7201
9.583
35,864
19,7201
6S,447
13.2401
16.561
9.583
26,144
62,207
ii.
Related partytran5adon5
During the year, the Trust received operational income of £9,720 from Trinity Foundation12022.. £3,240>.
12.
Controllln4 Partv
The char￿¢$ uliimate ¢onirolllng party is Trinity College Dublln. The University of Dublln.
Page 15