TISBURY TELEGRAPH TRUST
ACCOUNTS AND TRUSTEES’ REPORT
FOR THE YEAR ENDED
31 MARCH 2021
Charity Registration No 328595
| Contents | Page |
|---|---|
| Report of the Trustees | 1-2 |
| Report of the Independent Examiner | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6-8 |
TISBURY TELEGRAPH TRUST
REPORT OF THE TRUSTEES
The Trustees have pleasure in presenting their report and the accounts of the Trust for the year ended 31 March 2021 which have been prepared using the accounting policies set out in Note 1 to the accounts and comply with the charity’s Trust Deed, the Charities Act 2011, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing accounts in accordance with the Financial Reporting applicable in the UK and Republic of Ireland published on 16 July 2014.
Reference and administrative information
Principal address
The principal address of the Trust is 35 Kitto Road, London SE14 5TW
Trustees
The names of the persons who were Trustees at any time during the year ended 31 March 2021 were:
Alison Davidson John Davidson Michael Hartley Eleanor Orr Roger Orr Sonia Phippard
Bankers
Santander (Alliance & Leicester) Bootle Merseyside G1R 0AA
Independent Examiner
Sarah B King MA ACA 8 Kingswood Drive London SE19 1UR
Structure, governance and management
Constitution
The Trust was established by Trust Deed on 27 March 1990. It is a charity registered in England number 328595 and is governed by the provisions of the Trust Deed. Gifts may be made to the Trust by the Trustees and others. The charity does not actively fundraise.
The Trust is run and managed by the Trustees. New Trustees may be appointed by the existing Trustees.
Risk management
The Trustees have considered the risks which the charity may face and are satisfied that adequate contingency plans appropriate to the size of the charity are in place to mitigate these risks.
Objectives and activities
Principal activities
The object of the Trust is to disburse funds to be used for the public benefit by charitable institutions or for other charitable purposes as the trustees or other donors decide. The Trustees confirm that they have referred to the Charity Commission’s guidance on public benefit when reviewing the Trust's aims
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TISBURY TELEGRAPH TRUST
REPORT OF THE TRUSTEES (continued)
and objectives and selecting the grants payable during the year. Grants are made in accordance with the decisions of the Trustees and always for charitable purposes
Activities and financial review
The trust has disbursed 114% of its income in grants to a total of 68 charities (2020: 50% to 31 charities). Recipients included Anglican Parishes, charities formed for the advancement of the Christian religion or the relief of poverty both in the UK and overseas, and charities working to conserve the natural world and retain its value for the benefit of current and future generations. Details of grants are given in note 2 of the accounts. Distributions in March 2020 were disrupted by the Covid-19 pandemic, and donations to charities were delayed. Distributions in 2021 were adjusted to take account of this. No other impact of the pandemic is currently anticipated.
Results of the year
Net expenditure was £12,749 (2020 net income: £37,511). During the year the Trustees have continued to distribute the income in accordance with the objects of the Trust Deed as detailed in Note 2 of the accounts, having met or discussed when appropriate to make necessary decisions.
Reserves Policy
The Trustees aim to distribute the majority of the income of the Trust each year. There is no ongoing expenditure for which reserves need to be maintained so the current funds will be distributed when suitable grant recipients are identified.
Trustees’ responsibilities
The charity trustees are responsible for preparing a trustees’ annual report and 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 and Wales requires the charity’s trustees to prepare financial statements for each 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 period. In preparing the 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 in the applicable Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures that must be 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 proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.
For and on behalf of the Trustees
Michael Hartley Trustee
7th January 2022
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Independent Examiner’s Report to the Trustees of the Tisbury Telegraph Trust
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 March 2021 which are set out on pages 4 to 8.
Responsibilities and basis of report
As the charity’s trustees, you are responsible for the preparation of the accounts in accordance with the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
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the accounting records were not kept in accordance with section 130 of the Act; or
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the accounts did not accord with the accounting records; or
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the accounts did 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.
Date: 7th January 2022
Sarah King
Sarah B King MA ACA 8 Kingswood Drive London SE19 1UR
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TISBURY TELEGRAPH TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
| Note Restricted Unrestricted funds 2021 funds 2021 £ £ Income Donations: net received 71,980 0 tax recovered 17,995 0 Bank deposit interest 76 0 Total income 90,051 0 Expenditure Charitable activities: Grants payable in furtherance of the charity’s objects 2 102,800 0 Administrative costs 3 0 0 Total expenditure 102,800 0 Net movement in Funds (12,749) 0 Reconciliation of funds Total funds brought forward 1 April 2020 76,580 722 Total funds carried forward at 31 March 2021 63,831 722 Note Restricted Unrestricted funds 2020 funds 2020 £ £ Income Donations: net received 59,280 0 tax recovered 14,820 0 Bank deposit interest 191 0 Total income 74,291 0 Expenditure Charitable activities: Grants payable in furtherance of the charity’s objects 2 36,780 0 Administrative costs 3 0 0 Total expenditure 36,780 0 Net movement in Funds 37,511 0 Reconciliation of funds Total funds brought forward 1 April 2019 39,069 722 Total funds carried forward at 31 March 2020 76,580 722 |
Total 2021 £ 71,980 17,995 76 90,051 102,800 0 102,800 (12,749) 77,302 64,553 Total 2020 £ 59,280 14,820 191 74,291 36,780 0 36,780 37,511 39,791 77,302 |
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TISBURY TELEGRAPH TRUST
BALANCE SHEET AS AT 31 MARCH 2021
| Note Fixed Assets Current assets Cash at bank Debtors 5 Current Liabilities: Creditors falling due within one year Net current assets Net assets: Fund balances Permanent Endowment Restricted 6 Unrestricted 7 Total funds |
2021 £ 0 46,599 17,954 77,302 0 64,553 64,553 20 63,811 722 64,553 |
2020 £ 0 63,774 13,528 77,302 0 77,302 77,302 20 76,560 722 77,302 |
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The notes on pages 6 to 8 form part of these accounts
Approved by the trustees on 7th January 2022 and signed on their behalf by:
Eleanor Orr Trustee
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TISBURY TELEGRAPH TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021
1 ACCOUNTING POLICIES
Basis of Accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS102) issued on 16 July 2014 and with the Charities Act 2011.
The Charity constitutes a public benefit entity as defined by FRS102
The Trustees consider that there are no material uncertainties about the Trust's ability to continue as a going concern.
Incoming resources
Donations are recognised when received. Income tax recoverable on gift aid donations is recognised when receivable. All other income is accounted when received.
Governance and administration
These comprise expenses incurred in complying with statutory requirements and essential administrative costs incurred in pursuance of the charitable activities.
Grants payable in furtherance of the charity’s objects
These are accounted for as granted and paid.
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TISBURY TELEGRAPH TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021
2 CHARITABLE ACTIVITIES
The trust did not undertake any activity directly but met its charitable purposes by making grants to a variety of charities which seek to relieve poverty, injustice or suffering or to advance the Christian gospel. Institutions receiving grants of £1,000 or over in either year are disclosed below:
| Grants made All Saints Church, Peckham Bible Society CAFOD Christian Aid Christians against Poverty CMJ Church Mission Society Crisis Crosslinks Fair Trade Foundation Friends of the Earth Habitat for Humanity Lambeth Conference Northumbria Community OM Open Doors Pecan Practical Action A Rocha Refugee Action Salvation Army Scargill Movement Scripture Union Sustrans Tearfund Traidcraft War Child Water Aid Worldshare Others Total |
2021 Number £ 13,480 6 5,000 1 2,000 1 3,700 3 7,000 1 1,500 1 1,000 1 2,000 1 1,000 1 1,000 1 1,100 2 2,000 1 2,500 1 1,500 1 1,160 12 1,500 1 4,000 2 2,000 2 1,000 1 1,000 1 2,000 2 2,000 1 4,000 1 1,000 1 6,000 1 1,000 1 1,500 1 3,500 2 5,000 1 21,360 39 102,800 |
2020 Number £ 13,280 6 1,000 1 - - - 2,000 1 - - 1,000 1 2,000 1 - - - - - - - - -- - - - 1,440 12 - - 2,500 1 - - 1,000 1 - - 1,000 1 1,000 1 - - - - 2,000 1 1,000 1 - - - - - - 7,560 14 36,780 |
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3 GOVERNANCE and ADMINISTRATION
No administration or governance costs, including independent examination fees, were charged during the year ended 31 March 2021 (2020: £nil)
4 TRUSTEES
No remuneration or expenses were paid to the Trustees during the year (2020: £nil).
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NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021
TISBURY TELEGRAPH TRUST
5. DEBTORS
This comprises amounts due from HMRC for Gift Aid £17,954 (2020: £13,528).
6
| RESTRICTED FUNDS Reuben Simeon Judah Endowment fund |
At At 1 April Incoming Outgoing 31 March 2020 resources resources 2021 £ £ £ £ 4,407 0 4,000 407 58,137 77,543 78,800 56,880 14,016 12,508 20,000 6,524 76,560 90,051 102,800 63,811 20 0 0 20 76,580 90,051 102,800 63,831 |
At At 1 April Incoming Outgoing 31 March 2020 resources resources 2021 £ £ £ £ 4,407 0 4,000 407 58,137 77,543 78,800 56,880 14,016 12,508 20,000 6,524 76,560 90,051 102,800 63,811 20 0 0 20 76,580 90,051 102,800 63,831 |
||
|---|---|---|---|---|
| 63,831 |
The restricted funds have been created by the donors, who are the Trustees of the Charity, and are distributed in accordance with their wishes.
7 ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Endowment Restricted Unrestricted £ £ £ Current assets 20 63,811 722 |
Total £ 64,553 |
|---|---|
The assets of both unrestricted and endowment funds are held as cash at bank. The assets of restricted funds are held as a debtor and as cash at bank.
8 RELATED PARTY TRANSACTIONS
Roger and Eleanor Orr are trustees of All Saints’ PCC, Eleanor Orr is a trustee of Pecan, and John Davidson is a trustee of Tearfund. Donations were made to these beneficiaries by the Trust in the year ended 31 March 2021 and are detailed in note 2 above.
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