THOMAS CARPENTER'S TRUST (REGISTERED CHARITY NUMBER 3121551 ACCOUNTS FOR THE YEAR ENDED 30Th JUNE 2023
OFFICERS AND ADVISER5 FOR THE YEAR ENDED 311Th JUNE 2023 Tiustees Slr Michael Berry Sa¥ory (Chairman resigned July 20231 Aldemièn Sir William Anthony Bowater Russell (Chairman. appointed July 20231 Aldeman exander Robertson Martin Barr Revd. George Raymond Bush Michael Norman Evans Sarah Mann Melanle Peters An8U5 James Ro55 Se¢retary to the Trustees LieLrtenant Colonel Richard Martin M8E (resigned 15 October 20231 Nlcholas Westgarth {appointed 15 Ortober 20231 Admlnlstratlve Office St Margaret's Churth Lothbury London. EC2R 7HH Reglstered Charlty Numljer 312155 Bankers Natlonal Westminster Bank plc P.O.Box 411 34 Henriett3 Street London. WC2E 8NN Independent Examlner Mlchael T Morton FCA MB Associates Tax Consultants Hamilton HOL l Temple Avenue London EC4Y OHA
FOR THE YEAR ENDED 3m JUNE 2023 Report of the Trustees Certificatlon and Statement of the Responslbillties of the Tnjstees Independent Examiner's Report Balance Sheet Statement of Flnanaal Activltles Schedule of Investments and Income Received Grants Accountlng Pollcles and Notes
THOMAS CARPENTER'S TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30Th JUNE 2023 The Trust comprises the Educatlonal & Apprenticin8 Foundation, registered number 312155, and the Trustees are empowered to make educational grants to suitably qualtfied persons under the regulattons laid down in the prlncipal scheme of 1909 as amended from tirne to tlme by the Charlty Commissioners. The Trustees have due regard to the Charlty Commlsslon publlc beneflt guidance when exercising any power or dutie5 to which it Is relevant. Grants have been made to sultably qualified appllcants for educational purposes a5 listed in this report. The activities of the Trust are Carried out for the public benefit a5 the grants awarded support education and tralning. The Trustees manage the investments as thou8h It were a permanent endowment Invested to generate Income, and nomially fund operations from net Incoming sources. The Investment pollcy is to seek to achieve a re350nable balance between the need to provlde primarily for future increases In expenditure and, so far as is practical, the need to protect the capital base. There have been no direct fvndraising activltles In the year. The prlclpal rlsk Identrfled by the Trustees is to thÈ Trust's Income and investments. The Trust's Investrnents are reviewed by the Trustees on a regular16 monthly) basls to ensure that provision of Income for the operation of the charlty is balanced by the malntenance of the value of the capltal. Durlng the year to 30th June 2023 the Trustees were able to make grants to 14 5tudents12021-22 . 121 under the Educational & Apprenticin8 Foundatlon amountln8 to £41,3. The resultlng excess of income over exFenditure amounting to £2.942 was added to the Accumulated Income account, leaving a surplus to be carrled forward of £46.495. Over the year the Capital funds of the Trust, after allowln8 for sales and purchases, rose by £43,736 to show a market value at the accountln8 date of £1,460,319. Signed on behalf of the Trustees on 13th Februèry 2024: .Sir William Russell Chairrnan of the Trustees ..Nltholas We5t8arth (Authorised to slgnl Secretsry and Treasurer
THOMAS CARPENTER'S TRUST CERTrHCAnoN OF THE TRUSTEES FOR THE YEAR ENDED 30Th JUNE 2023 We certify that the books. vouchers and inforniatlon produced to the Independent Examiner, from which the attached accwnts have been prepared, ¢ontain a full and correct record of the Charrvs transaction5 to the best of our knowledge and bellef. ..Sir William Russell Chalmian of the Trustees .Nicholas West8arth Secretary and Treasurer Dated . 13 February 2024 THOMA5 CARPENTER'S TRU5r STATEMENT OF THE RESPONSIBiunES OF THE TRUSTEES FOR THE YEAR ENDED 30Th JUNE 2023 The Trustees are reqvlred to prepare finandal statements for each flnancial year which give a true and fairview of the state of the affalrs of the Trust a5 at the end of the financlal year and of the surplus or deficit. and totsl reco8nised gains and 1055es of the Trust for that year. The Trustees Confirm that appropriate aCCnting policies have beèn used and applied consistently, and aSOnable and prudent Judgements and estimates have been made in the preparation of the financial statements for the year ended 30th. June 2023. The Trustees also confirm that applicable accounting standards have been followed. The Trustees confirm that assets are available and adequate to fulfll the obligations of the Charity. The Trustees are responsible for maintainlng adequate records and dats protection. for safeguardlng the assets of the Tntst and for takin8 reasonable steps to ensure financial statements comply with the Trust t>eed, the Charitres Act 2011, Attounting and Reporting by Charitiès: Ststoment of Recommended Practice appllcable to charlties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102) effective l January 2019. They are also responsible for taking reasonable steps for the prevention and detertion of fraud and other irre8ularitie
THOMAS CARPENTER'S TRUST REPORT OF THE INDEPEt4DENT EXAMINER TO THE TRUSTEES FOR THE YEAR ENDED 30Th JUNE 2023 I report on the accounts of the Trust for the year ended 30th June 2023 which are set out on pages 5 to 9. Respectfve Responslbllltles of the Trustees and the Examlner The Charity's Trustees are responsible for the preparation of the accounts. The Charity's Trustees conslder that an audit is not required for this year under Section 144{2) of the Charlties Act 2011 (the 2011 act) and that an independent examination Is needed. It is my responsibility. to examine the accounts under section 145 of the 2011 Act: to follow the procedure5 laid down In the General Direttions given bv the Charity Commissioners under Section 14515llb} of the 2011 Act: and to state whether particular matters have come to my attention Basls of the Independent Examlner's Report My examinatlon was carried-out in accordance with the General Directions given by the Charity Commlssioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those record5. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanation from you as trustee5 concerning any matters. The procedures undertaken do not provide all the evidence that would be required in an audlt and, consequently, no opinion is gNen as to whether the accounts present a "true and fair view. and the report Is Ilmited to those matters set-out in the statement below.
REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEE5 FOR THE YEAR ENDED 30Th JUNE 2023 (tontlnuedl Independent Examlr*s Statement In connertion wSth my examlnatlon. no matter has come to my attentlon '. which 8ives me reasonable cause to belleve that, In any materlal respect, the requirements '. 8) to keep accountln8 records In accordan wtth Section 130 of the 2011 Art,. and bl to prepare accounts whSch accord with the accountlng records and to compty with the accounting quireMeTrts of the 2011 Act have not been met ,' or to which. in my opinion, attention should be drawn in order to enable a proper understandlng of the accounts to be ached. Michael T Morton FCA M8 A550clates Hamilton House l Temple Avenue London EC4Y OHA Date . 25th September 2023
THOMAS CARPEPItER'S TRUST BALANCE SHEET AS AT 30Th JUNE 2023 2023 2022 Quoted Investments Market Value AtJM Finn At 8lackRock 1.467,783 1,423,984 1.467.783 1,355,655 68,329 Current Ass•ts Stc¢kbroker's Balance 6.362 5,226 Bank Deposit Account 38.6iYJ 37,016 44,971 42,242 Sundry Credftors and Accnkn Net Current Assets 39.031 36,152 Total Ass•ts less Llabllltl•s 1,506,814 1,460.136 Represented by . Re5trfcted Funds 1,460,319 1,416,583 Unrestrlrted Funds 46.495 43,553 1.506,814 1.460,136 The accounts were approved by the Board of Trustee5 on 13th Febnjary 2024. Sir William Russell Chairman of the Trustees Nicholas Westgart Secretary and Treasurer
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THOMAS CARPENTER'S TRUST EDUCATIONAL APPRENTICING FOUNDATION FUND SCHEDULE OF INVESTMEPITS AND INCOME RECElliED FOR THE YEAR ENDED 30Th JUNE 2023 Market Value £32.013 £143,438 £101,885 £11.384 £82,373 £56,722 £63,731 £59,254 £43.523 £112,351 £54,608 £91,211 £35.589 £56,871 Quantlty Nam• 14,230 Allian Trust Ord 25p 43.600 Artemis Fund Managers Income Ins Inc untts 56,950 Augmentum FinTech plc Ord GBPO.01 42,453 Black Rock Charities UK 8ond 28,3th) City of London Trust Ord 25p 32,230 Dunedin Income Growth Ord 25p 8.900 Edlnburgh Investmerrt Trust Ord 25p 47,141 Investtj Selert Trust Equity Shares £0.01 Sold 12,500 Law Debenture Ord 25p 41.738 Martln Currle Portlollo Ord 5p 18,775 Merchant Trust Ord 25p 12,250 Murray Income Trust Ord 25p 43,875 Murray International Trust Ord 25p 23,7 Scottish American Inv ord 25p 13,650 Scottish Mortgage Inv Trust Ord Sp 32,250 Temple Bar Inv Trust Ord 5p In¢om8 Recelved £3,441 £4,371 £0 £2,547 £5,674 £4,222 £2,305 £2,190 £3,813 £1,753 £5,182 £4,410 £4,914 £3,287 £501 £1,548 £29,678 £95,875 E16.889 £146.083 £62,175 £99.507 £34,96S £102.533 £47,294 £111,442 £43,421 £123,714 £6,&XI £90.964 £75.864 £71.434 £730,608 £1,467,783 £50,158 Investment Sales Proceed5 Galn 47141 Invesco Ord 25p £77,351 £55.327 £22,024
THOMAS CARPEPItER'S TRusr GRANT5 MADE FROM THE EDUCATIONAL AND APPRENTlaNG FOUNDATION FOR THE YEAR ENDED 30TH JUNE 2023 2022-23 2021-22 £2.5(Kl.i £2,5(M).00 £2,OIJ).LKI £800.00 £1,000.00 £2,5CK). £O.(K) £3,IXJo.00 £o.cM) £2,500.IJ) £2,5fyJ.(M) £6,(KX).Q) £5,0(X).00 £5.(M)O.I £5,0(M).00 £i,(w.00 AO AO EC cc HD ME NE RF EK GK spcs MR MR OT Jw £2,000.(X) £2,CW.00 £1,000.00 £0.00 £0. £2,500.00 £2,5(Ki.(M) £2,000.00 £2,000.(X) £0.00 £2,OCN).IX) £5,000.00 £4,0(Y).00 £4,iJ)O.00 £3,5(Yl. £0.00 Totsl 14 Student Grants (2021-22 ." 12) £41,3.(M) £32,51X).Iy)
THOMAS CARPEIITER'S TRUST FOR THE YEAR ENDED 30TH JUNE 2023 NOTES TO THE ACCOUNT5 18asls of Ac¢ountin8 The financial statements have been prepared in accordance wit applicable accounting standards and under the historical cost convention Iwith the exception of Investments whith are carried at market value). They comply with the Trust Deed and the Charities Act 2011. The recommendations presented in the Statement of Recommended Practlce for "Accountlng and Reporting by Charities" (revised 20141 publlshed by the Charity Commlssion for England and Wales have been complled wrth. 2 Remufieration The Trustees received no personal remuneration or relmbursement of expenses durin8 the period under revlew In thèlr capacity ès Trustees. 3 Golng Conorn The Trustees conslder there are no material uncertainties about the Trust'5 ablllty to continue as a golng concern. The review of our financlal position. reserves level and future plans gives Trustees confldence the Trust remains a 8olng concern for the foreseeable future. 4 Cash Flow Statsment The Trustees have not prepared a Cash Flow Ststement In vlew of the size of the funds. 5 Credit(Ys and Accruals Credltors and Accruals at the accountin8 date were . Secretary's Fees Accountancy Fees Brokers Fees £4.5(Xl £1.440 £0 Totsl £5.940