CHARITY NO.. 327972 THE RICHARD KIRKMAN TRUST REPORT OF THE TRUSTEES FINANCIAL STATEIVIENTS For the Year Ended 5th April 2024 THE RICHARD Io8e8 and to make donations to Such charitable institution or institutions at such txtne or times and in such DwJn¢r as the trnstee8 may in their ab801ute discretion tbink fif,. The trustees confirn] they have complied with the duty under Section 4 of the 2011 Charities Act having due regwd to the guidance published by the Charity Commission, includittg public benefit guidance. Organisation The trustees named on page 2 have served during the year and since the year end. The appointment of tn￿leeS is governed by the regulations of the charity. FinanclAI revleiv Grants totalling £106,500 were made during the year from avdable income, cornpared with £100,250 in the previous yeaT, The financial position of the trust, reviewed by the trnstees on a regular basis, remains satisfactory, Futllre plADS and goillg concern statsment As the Charity'8 income is derived solely from fimds invested and there are no fimdraising aotivities the t￿￿tee8 are aware that in¢ollLe may fall, in which oa8¢ grants would lleed to be reduced accordingly. The Gharity will, l￿wever, continue to make grant8 for the benefit of the public. Investment policy The policy of the trustees is to invest to provide a b&lanced rethrn from income and capital at tnedium ri8k. No social, ettvironmental or ethical considerations are taken into account. Reserves policy The trnstees policy on reserves is tbat they regard the income fi￿d of £150,054 as avaÉl&ble for distribution in whole or in part and the capital fulld of £3,373,495 as distributable only in exceptional circumstances. Risk n￿llageMellt The trnstees have examined the potential risks which the charity faces and confjrni tlwt mea8ur¢s to manage these risk5 have beell Put in place. Pag¢: 3 THE RICHARD KIRKMAN TRUST ort of the trustees for the ear ended 5th A ril 2024 continued) Trustees, respollslbilities Tbe trustees are required under the Charities Act 2011 to prepar8 financial statements for each financial year which give a trne and fair view of the ch&rity's financial activitie8 di￿Illg ttLe year and of its financial position at th¢ end of th¢ ye￿. In preparing fmancial statements giving a true fair view the trustees should follDW be8t practice and.. (a) select 8Uitable accounting policies Emd &pply theln con518tently,' (b) observe the mothod8 an(I prinGiple8 in the Cbaritie8 SORP; (c} mako judgements and 88timates that are reasonable and pwdenl. (d) state whether appliGable accounting stanaards and statements oFrecommended practic¢ have been followed, subject to any departures disclosed and explaingd in the financial 6t8tornent8' (¢} prware the finanoial statements on a going concern basis Unless it is inappropriate to presume th&t the Charity will continue in opcratioll. The trustees are respon8ible for keeping accounting records Mthich disGlose with reasonable accuracy the financial p051tion of the charity and which enable them to a8cert&itt the flnancial position of the Gharity and which enable them to ensure that thg financial statements comply v/ith appltcabl¢ laws &nd regulations. They are al80 responsibl¢ for 8afeguarding the as8et5 of tho harity and henco for taking reasonable steps for tbe prevention and d¢tectioii of fraud and oth¢r irregularities. Approved by the trustees onJ4Wovetllber 2024 and signed on their behalf.. N J LAPAGE Trustee Page.. 4 THE RICHARD KIRI