Charity number: 327745
ROBYN CHARITABLE TRUST
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
ROBYN CHARITABLE TRUST
CONTENTS
| Page | |
|---|---|
| Reference and Administrative Details of the Charity, its Trustees and Advisers | 1 |
| Trustees' Report | 2 - 4 |
| Independent Examiner's Report | 5 - 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statements | 10 - 16 |
ROBYN CHARITABLE TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2025
Trustees R Harris M Knopfler - K Aldridge Knopfler
Charity registered number 327745 Principal office 101 New Cavendish Street 1st Floor South London W1W 6XH Independent Examiner Brindley Goldstein Ltd Chartered Accountant 103 High Street Waltham Cross Hertfordshire EN8 7AN
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ROBYN CHARITABLE TRUST
TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2025
The Trustees present their annual report together with the financial statements of the Charity for the 6 April 2024 to 5 April 2025.
Structure, governance and management
Robyn Charitable Trust was registered with the Charity Commission in England and Wales on 29 March 1988. The Charity number is 327745, and it is constituted under a Trust deed.
The trustees who served during the year were:
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R Harris - M Knopfler
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K Aldridge-Knopfler
Existing trustees brief new trustees on the Charity's aims and objectives. They are given a copy of the Declaration of Trust along with the latest financial statements. They are also given literature about the Charity and a copy of the Charity Commission's guidelines for Trustees, which will help them fulfil their role in line with charity law.
The trustees review the strategic activities and financial position of at its regular board meetings. They consider potential risks top which the charity is exposed. As part of this process, the trustees have implemented a risk management strategy which comprises an annual review of the risks which the charity may face and the establishment of systems and procedures to mitigate those risks identified in the plan and the implementation of procedures designed to minimise any potential impact on the charity should those risks materialise.
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.
In accordance with the Trust deed, the trustees have the power to invest in such assets as they see fit. The Charity has a policy of keeping surplus liquid funds in short term deposits. This low risk investment policy provided the flexibility in making charitable grants and ensures the charity has adequate funds to meet ongoing grant commitments and administration costs in accordance with its reserves policy.
Objectives and activities
The Charity objectives are:
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to continue support of children in need of education anywhere in the world
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any other charitable objectives at the discretion of the trustees
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ROBYN CHARITABLE TRUST
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025
Achievements and performance
The income for the Charity for the period under review was £97,940 (2024: £62,252) and the expenditure in the furtherance of the Charity's objectives was £59,840 (2024: £111,227).
The trustees are grateful to all donors for their contributions to the Charity during the year and their continued support in the future.
The Charity's cash reserves at the year end were £1,970,415 (2024: £1,936,187).
Fundraising
During the year the Charity didn't carry out any fundraising activities and all the income was generated from voluntary donations and proceeds from the sale of unlisted investment.
Financial review
a. Going concern
After making appropriate enquiries, 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. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
b. Reserves policy
The trustees have adopted a reserves policy whereby sufficient cash reserves are held to cover future committments. The balance of cash reserves at 5 April 2025 was £1,970,415 (2024: £1,936,187).
c. Risk Management
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.
In accordance with the trust deed, the trustees have the power to invest in such assets as they see fit. The Charity has a policy of keeping surplus liquid funds in short term deposits. This low risk investment policy provided the flexibility in making charitable grants and ensures the charity has adequate funds to meet ongoing grant commitments and administration costs in accordance with its reserves policy.
Investment Policy
The Charity holds investments in order to generate returns to help its charitable objectives and to fund future projects. The trustees adopt a prudent investment policy to ensure potential returns are well balanced with the appropriate levels of risk.
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ROBYN CHARITABLE TRUST
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025
Statement of Trustees' responsibilities
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 each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP (FRS 102);
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 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 irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
................................................ M Knopfler
Date:
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ROBYN CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2025
Independent Examiner's Report to the Trustees of Robyn Charitable Trust ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 5 April 2025.
Responsibilities and Basis of Report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
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ROBYN CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025
Independent Examiner's Statement
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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the accounts 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 accounts to be reached.
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ROBYN CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed:
Dated:
Charles Goldstein
Brindley Goldstein Ltd 103 High Street Waltham Cross EN8 7AN
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ROBYN CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025
| Note Income from: Donations and legacies 2 Investments 3 Total income Expenditure on: Charitable activities: 4 Donations paid Independent examiner Total expenditure Net income/(expenditure) before net losses on investments Net losses on investments Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2025 £ 657 97,283 97,940 59,000 840 59,840 38,100 (68,893) (30,793) 2,563,377 (30,793) 2,532,584 |
Total funds 2025 £ 657 97,283 97,940 59,000 840 59,840 38,100 (68,893) (30,793) 2,563,377 (30,793) 2,532,584 |
Total funds 2024 £ - 62,252 62,252 110,420 807 111,227 (48,975) (68,894) (117,869) 2,681,246 (117,869) 2,563,377 |
|---|---|---|---|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 10 to 16 form part of these financial statements.
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ROBYN CHARITABLE TRUST
BALANCE SHEET AS AT 5 APRIL 2025
| Note Fixed assets Investments 7 Current assets Debtors 8 Cash at bank and in hand Current liabilities Creditors: amounts falling due within one year 9 Net current assets Total assets less current liabilities Net assets excluding pension asset Total net assets Charity funds Unrestricted funds 10 Total funds |
3,902 1,970,415 1,974,317 (810) |
2025 £ 559,077 559,077 1,973,507 2,532,584 2,532,584 2,532,584 2,532,584 2,532,584 |
- 1,936,187 1,936,187 (780) |
2024 £ 627,970 |
|---|---|---|---|---|
| 627,970 1,935,407 |
||||
| 2,563,377 | ||||
| 2,563,377 | ||||
| 2,563,377 | ||||
| 2,563,377 | ||||
| 2,563,377 |
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
................................................ M Knopfler
Date:
The notes on pages 10 to 16 form part of these financial statements.
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ROBYN CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
1. Accounting policies
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Robyn Charitable Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
1.2 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
1.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits 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 of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
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ROBYN CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
1. Accounting policies (continued)
1.3 Expenditure (continued)
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
1.4 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of Financial Activities.
1.5 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
1.6 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
1.7 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates 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 are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
1.8 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
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ROBYN CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
1. Accounting policies (continued)
1.9 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Investment income, gains and losses are allocated to the appropriate fund.
2. Income from donations and legacies
| Unrestricte | Total | Total | |
|---|---|---|---|
| d funds | funds | funds | |
| 2025 | 2025 | 2024 | |
| £ | £ | £ | |
| Other donations | 657 | 657 | - |
3. Investment income
| Dividends received Bank interest received Total 2024 |
Unrestricte d funds 2025 £ 31,894 65,389 97,283 62,252 |
Total funds 2025 £ 31,894 65,389 97,283 62,252 |
Total funds 2024 £ 20,241 42,011 |
|---|---|---|---|
| 62,252 | |||
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ROBYN CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
4. Analysis of expenditure on charitable activities
Summary by fund type
| Donations paid Independent examiner fee Total 2024 |
Unrestricte d funds 2025 £ 59,000 840 59,840 111,227 |
Total 2025 £ 59,000 840 59,840 111,227 |
Total 2024 £ 110,419 808 |
|---|---|---|---|
| 111,227 | |||
5. Independent examiner's remuneration
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Fees payable to the Charity's independent examiner for the independent | ||
| examination of the Charity's annual accounts | 840 | 807 |
6. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL) .
During the year ended 5 April 2025, no Trustee expenses have been incurred (2024 - £NIL) .
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ROBYN CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
7. Fixed asset investments
| Cost or valuation At 6 April 2024 Revaluations At 5 April 2025 Net book value At 5 April 2025 At 5 April 2024 8. Debtors Due within one year Tax recoverable 9. Creditors: Amounts falling due within one year Accruals and deferred income |
2025 £ 3,902 3,902 2025 £ 810 |
Listed investments £ 627,970 (68,893) 559,077 559,077 627,970 2024 £ - - 2024 £ 780 |
|---|---|---|
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ROBYN CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
10. Statement of funds
| Statement of funds | ||||
|---|---|---|---|---|
| Statement of funds - current year Balance at 6 April 2024 £ Unrestricted funds Reserves 2,563,377 Statement of funds - prior year Balance at 1 April 2023 £ Unrestricted funds Reserves 2,681,246 Summary of funds Summary of funds - current year Balance at 6 April 2024 £ General funds 2,563,377 Summary of funds - prior year Balance at 1 April 2023 £ General funds 2,681,246 |
Income £ 97,940 Income £ 62,252 Income £ 97,940 Income £ 62,252 |
Expenditure £ (59,840) Expenditure £ (111,227) Expenditure £ (59,840) Expenditure £ (111,227) |
Gains/ (Losses) £ Balance at 5 April 2025 £ (68,893) 2,532,584 Gains/ (Losses) £ Balance at 5 April 2024 £ (68,894) 2,563,377 Gains/ (Losses) £ Balance at 5 April 2025 £ (68,893) 2,532,584 Gains/ (Losses) £ Balance at 5 April 2024 £ (68,894) 2,563,377 |
|
| Balance at 5 April 2024 £ 2,563,377 |
||||
| Summary of funds - prior year | ||||
| General funds |
11. Summary of funds
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ROBYN CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
12. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Fixed asset investments Current assets Creditors due within one year Total |
Unrestricte d funds 2025 £ 559,077 1,974,317 (810) 2,532,584 |
Total funds 2025 £ 559,077 1,974,317 (810) 2,532,584 |
|---|---|---|
Analysis of net assets between funds - prior year
| Fixed asset investments Current assets Creditors due within one year Total |
Unrestricted funds 2024 £ 627,970 1,936,187 (780) 2,563,377 |
Total funds 2024 £ 627,970 1,936,187 (780) 2,563,377 |
|---|---|---|
13. Related party transactions
During the year, the charity paid £32,000 (2024: £nil) of donations to a charity in which a trustee is also a trustee.
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