Charlty Registration No. SC031378 (Scotland)
THE CHARLES & BARBARA TYRE TRUST
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

THE CHARLES & BARBARA TYRE TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Governors
Charlty number (Scotland)
SC031378
Prlnclpal address
The Old Surgery
School Road
Tarbert
Argyll
PA29 6UL
Audltor
Henderson & Company
Dunoon
PA23 7NA
Bankors
Bank of Scotland
78 Argyll Street
Dunoon
Argyll
PA23 7NH
Inve8trnent adv180r8
Evelyn Partners
No 5 Boolhs Park
Chelford Road
WA16 8GS

THE CHARLES & BARBARA TYRE TRUST
CONTENTS
Page
Governors, report
Statement of Governors, responsibilities
Independent auditor's report
Statement of financial activities
Balance sheet
Notes to the financial statements
10-18

THE CHARLES & BARBARA TYRE TRUST
GOVERNORS, REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The Governors present their annual report and financial statements for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the Trust's governing document "statutory Instrument 1979 No. 496 IS.49)"
made up on 23 April 1979, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts
{Scotland} Regulations 2006 (as amended) and "Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financgl Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)"
Objectlves and actlvltles
The Governors may in each financial year award grants of such annual value as they think fit to assist applicants of
eilher sex..
1. to obtain qualifications additional to a degree, associateship, diploma or certificate of a University or other
institute of further or higher education already obtained,
2. to train in a trade or profession other than Ihat in which they are at present trained.,
3. to undertake a course provided by the Open Universily for which they have registered or are about to register.,
4. lo undertake training in leadership and initiative.,
5. to benefit from recreative holidays in cases of physical or mental disability, whether permanent or lemporary.
INhen awarding grants, the Governors sh811 satisfy themselves that the applicant is a Protestant, has completed
school education but is not at the time of the award more than 25 years of age, and is ordinarily resident within Ihe
area of the former County of Argyll.
The Governors have paid due regard to guidance issued by the Office of the Scottish Charity Regulator in deciding
what activities the Trust should undertake.
Achlevements and performance
During the year under review, the Trust awarded total grants of £15,00012024'. £8,000). Grants of £2,500 were paid
to 6 (2024.. 4) individuals.
Flnanclal revlew
The results for the year are set out in the Statement of Financial Activities on page 7. The Trust has recorded
deficit for the year, before investment gains or losses, of £4,94412024'. surplus £8,916). Including realised gains or
losses the deficit was £5,36912024. surplus £6,450).
The policy of the Trust is to hold sufficient funds to derive income such that the primary objectives can be fulfilled.
Restricted endowment funds of £1,076,405 (2024.. £1,067,667) are held for this purpose. The Governors consider
this level of funds to be reasonable.
The Trust derives its income from dividends and inlerest arising from investments.
The day-to-day management of the investments is delegated lo a stockbroker, who is charged with the twin aims of
protecting the value of the funds and providing £32,000 of income to enable the Trust to award grants. For the year
under review, this position was filled by Evelyn Partners.
The Governors identify the risks which pertain to the Trusl and put in place suitable policies to mitigate these. The
principal risks identified are financial and the risks arising from incorrect decision-making.
Plans for future periods
It is the intention of the Governors to continue to carry out the purposes of the Trust.

THE CHARLES & BARBARA TYRE TRUST
GOVERNORS, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Structure, governance and rnanagernent
The Trust was established under the terms of the will of Charles Tyre and is governed by Statulory Instrument 1979
No. 496 IS.491. made up on the 23 April 1979.
Th?. Jvp.riir)rs ivho *?fvLI(I cli 11111
lo Ilie clale of si
1131Liie o
ncial statements were..
Under the terrns of the slalulory inslrumenl. the Governors will be persons whose experience will be of value in Ihe
exercise of the functions laid down by the scheme. They are identified by advertisement and are appointed by Argyll
& Bute Council. Terms of office are thre8 y8ars and the Governors may serve two terms.
The day-to-day managernent o! the Charity is delegated to a Clerk and to a Treasurer. For the year ended 31 March
2025 these posts were filled by William Duncan IAr9yII} Ltd. Chartered Accountants, Tarbert.
The Governors, report was approved by the Board of Governors.

THE CHARLES & BARBARA TYRE TRUST
STATEMENT OF GOVERNORS, RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2025
The governors 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 Scotland requires the charity governors to prepare financial statements for each
year which give a true and fair view of the slate of affairs of the Trust and of the incoming resources and application
of resources, of the Trust for that period.
In preparing these financial statements, the governors are required to-
select suitable accounting policies and then apply them consislently.,
observe the methods and principles in the Charities SORP.,
make judgements and estimates that are reasonable and prudent.,
slate whether applicable accounting standards have been followed, subject to any malerial departures disclosed
and explained in the financial statements., and
prepare the financial statements on a going concern basis unless il is inappropriate to presume that the Trust will
continue in operation.
The governors are responsible for keeping proper accounting records that disclose wilh 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 and Trustee Investment (Scotlandl Act 2005, the Charity Accounts (Scotland) Regulations 2006 (as
amended), and the provisions of the charity. They are also responsible for safeguarding the assets of the Trust and
taking reasonable steps for the prevention and detection of fraud and other irregularities.
The governors are responsible for the maintenance and integrity of the charity and financial information included on
the Trust's website. Legislation in the United Kingdom governing the preparation and dissemination of financial
statements may differ from legislation in other jurisdictions.
Statement to Audltors
As far as the Governors are aware..
there is no relevant audit information of which the charity auditor is unaware., and
Ihe trustees have taken all Steps that they ought to have taken to make themselves aware of any relevant audit
information and to establish that the auditor is aware of that information.
This report has been prepared in accordance with Ihe Statement of Recommended practi￿.. Accounting and
Reporting by Charities IFRS 102).
The law applicable to charities in England and Wales requires the Governors to prepare financial statements for
each financial year which give a true and fair view of the state of affairs of the Trusl and of the incoming resources
and application of resources of the Trust for that year.
In preparing these financial statements, the Governors are required to..
select suitable accounting policies and then apply Ihem consistently.,
observe the methods and principles in the Charities SORP,.
make judgements and estimates that are reasonable and prudent-
state whether applicable accounting standards have been followed, subject to any material departures disclosed
and explained in the financial statements., and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity
will continue in operation.

THE CHARLES & BARBARA TYRE TRUST
STATEMENT OF GOVERNORS, RESPONSIBILITIES (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
The Governors are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at
any time the financial position of the Trust 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 Trust and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.

THE CHARLES & BARBARA TYRE TRUST
INDEPENDENT AUDITOR'S REPORT
TO THE GOVERNORS OF THE CHARLES & BARBARA TYRE TRUST
Opinion
We have audited the financial statements of the Charles & Barbara Tyre Trust (the 'Charity'l for the year ended 31
March 2025 which comprise the Statement of Financial Activities, the Balance Sheet and the notes lo the financial
statements, including a summary of significant accounting policies. The financial reporting framework that has been
applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial
Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United
Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements..
give a true and fair view of the state of the charity's affairs as at 31 March 2025 and of ils incoming resources
and application of resources, for the year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounling Practic£',
and
have been prepared in accordance with the requirements of the Charities and Trustee Inveslment (Scotland)
Act 2005 and regulation 8 of the Charities Accounts (Scolland) Regulations 2006.
Basls for oplnlon
We conducted Our audit in accordance with Inlernational Standards on Auditing (UK) {ISAs (UKII and applicable
law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of
the financial slalemenls section of our report. We are independent of the charity in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Concluslons relatlng to golng concern
In auditing the financial stalemenls, we have concluded that the Governors, use of the going concern basis of
accounting in the preparation of the financial slatemenls is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to evenls or
conditions that. individually or collectively, may cast significant doubt on the charity's ability to continue as a going
concern for a period of al least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Governors with respect to going concern are described in the
relevant sections of this report.
Other Informatlon
The Governors are responsible for the other information. The olher information comprises the information included
in Ihe Annual Report of the Governors, other than the financial statements and our auditor's report thereon. Our
opinion on the financial statements does not cover the other information and, except to the extent olhemise
explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in
doing so, consider whether the other information is materially inconsistent with the financial statements or our
knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such
material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to
a material misstatement in the financial statements themselves. If. based on the work we have performed, we
conclude that there is a material misstatement of this other information, we are required to report that fact. We have
nothing to report in this regard.

THE CHARLES & BARBARA TYRE TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE GOVERNORS OF THE CHARLES & BARBARA TYRE TRUST
Matters on whlch we are requlred to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities Accounts (Scotlandl
Regulations 2006 requires us to report lo you if, in our opinion..
the information given in the Governors, Report is inconsistent in any material respect with the financial
statements., or
sufficient accounting records have not been kept., or
the financial statements are not in agreement with the accounting records., or
we have not received all the information and explanations we require for our audit.
Responslbllltles of Governors
As explained more fully in the governors, responsibilities statement set out on page 3, the governors are responsible
for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such
internal control as the governors determine is necessary to enable Ihe preparation of financial statements that are
free from material misstatement, whether due to fraud or error.
In preparing the financial slatemenls, the governors are responsible for assessing the charity's ability lo continue as
a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of
accounting unless the governors either intend to liquidate the charity or to cease operations, or have no realistic
alternative but to do so.
Audltorfs responslbllltles for the audlt of the flnanclal statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the
Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whelher due to fraud or error, and to issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance
with ISAS (UK) will always delect a material misstalemenl when it exists. Misstatements can arise from fraud or
error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence
the economic decisions of users taken on the basis oflhese financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in
line with our responsibilities, oullined above, to delecl material misstatements in respect of irregularities, including
fraud. The extent to which our procedures are capable of detecting irregularities, including fraud. is detailed below.
In identifying and assessing the risks of material misstatements in respect of irregularities, induding fraud and non-
compliance with laws and regulations we considered the nature of the charity, the sector il operales in and the
charity's control environment. We focused on specific laws and regulations which we considered may have a direct
material effect on the financial statements or the operation of the charity such as the founding do[￿ment (Statutory
Instrument 1979 No 496}, the Charities and Trustee Investment (Scotland} Act 2005, the Charities Accounts
(Scotlandl Regulations 2006 (as amended), Ihe charity SORP 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 1021 (effective 1 January 2019) and relerdnt UK Trust
legislation. We assessed the extent of compliance with laws and regulations identified through maki ng enquiries of
the Clerk and Treasurer, and where possible the Governors.
We considered if there were any incentives and opportunities for fraudulent manipulation of the financial statements,
including the risk of bias and override of controls. To address these risks we performed analytical procedures lo
identify any unusual or unexpected relationships, lested journal entries lo identify unusual transactions and
assessed whether judgements and assumptions made in determining accounling estimates were indicative of
potential bias. We reviewed financial statement disclosures and tested balances to supporting documentation.

THE CHARLES & BARBARA TYRE TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE GOVERNORS OF THE CHARLES & BARBARA TYRE TRUST
Extent to which the Audlt was considered capable of detecting irregularites includlng fraud
Identified laws and regulations were communicated within the audit team regularly and the team remained alert to
instances of non-compliance throughout the audit.
There are inherent limitations in our audit procedures described above. The more removed Ihe laws and
regulations are from financial transactions, the less likely il is that we would become aware of non-compliance.
Auditing standards also limit the audit procedures required lo identify non-compliance with laws and regulations to
enquiry of the Governors and others involved in management and inspection of regulatory and legal
correspondence, if any,
Material misstatements that arise due lo fraud can be harder lo detect than those that arise from error as they may
involve deliberate concealment or collusion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website al www.frc.org,uklaudilorsresponsibilities. This description forms part of our Report of
the Independent Auditors.
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with Parl 4 of the Charities (Accounts
and Reports) Regulations 2008. Our audit work has been undertaken so that we might slate lo the charity's trustees
those mallers we are required to stale lo them in an auditor's report and for no other purpose. To the fullest extent
perrnilled by law, we do not accept or assume responsibility lo anyone other than the charity and the charity's
Iruslees as a body, for our audit work, for this report, or for the opinions we have formed
Henderson & Company
Chartered Accountants
Statutory Auditor
160 Argyll Street
Dunoon
PA23 7NA
Henderson & Company is eligible for appointment as auditor of the Trust by virtue of its eligibility for appointment as
auditor of a company under section 1212 of the Companies Act 2006.

THE CHARLES & BARBARA TYRE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Unrestrlcted Restricted
funds
funds
2025
2025
Total Unreslricted Restricted
funds
funds
2024
2024
Total
2025
2024
Notes
Investments
32,073
32,073
32,879
32,879
Raising funds
7,364
7,364
6,861
6,861
Charitable
activities
3&6
26,953
26,953
17,102
17,102
Total
resources
expended
26,953
7,364
34,317
17,102
6,861
23,963
Net gainllloss)
on investments
10
1425)
1425}
(2,4661
(2,466)
Net Incomlnglloutgolng)
resources
5,120
(7,789)
(2,6691
15,777
19,327)
6,450
Other re¢ognlsed galns and losses
Revaluation of
investments
16,527
16,527
37,569
37.569
Net movement In funds
5,120
8,738
13,858
15,777
28,242
44,019
Fund balances
at 1 April 2024
102,444
1,067,667
1,170,111
86,667
1,039,425
1,126,092
Fund balances
at 31 March
2025
107,564
1,076,405
1,183,969
102,444
1,067.667
1,170,111
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.

THE CHARLES & BARBARA TYRE TRUST
BALANCE SHEET
ASAT31 MARCH 2025
2025
2024
Notes
Flxed assets
Investments
1,176.252
1,149,383
Current assets
Debtors
Investments
Cash at bank and in hand
12
14
259
26,225
5,561
11,426
9,319
20,745
32.045
Credltors: amounts falllng due within
one year
13
(13,028)
111,3171
Net current assets
7,717
20,728
Total assets less ¢urrent liabllitles
1,183.969
1,170,111
The funds of the Trust
Reslricled income funds
Unreslricled funds - general
Unreslricled funds - revaluation
1.076,405
110,697
(3,133)
1,067,667
105,577
(3,133)
1,183,969
1,170.111
The financial 51alemenls were approved by the Governors on . 27 l I. Ix•.LS.

THE CHARLES & BARBARA TYRE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng policies
Charity Informatlon
The Charles & Barbara Tyre Trust is an unincorporated charity registered in Scotland. The registered office is
William Duncan (Argyll) Ltd, The Old Surgery, School Road, Tarbert, Argyll. PA29 6UL.
1.1 Accountlng conventlon
The financial statements have been prepared in accordance with the Trust's Memorandum and Articles of
Association, the Charities and Trustee Investment (Scotlandl Act 2005, the Charities Accounts (Scotland)
Regulations 2006 (as amended) and "Accounting and Reporting by Charities.. Statement of Recommended
Practice applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). The Trust is a Public
Benefit Entity as defined by FRS 102.
The Trust has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1
not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the Trust. Monetary
amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared under the historical cost convention, modified to include certain financial
instruments at fair value. The principal accounting policies adopted are set out below.
1.2 Golng concern
Al the time of approving the financial statements, the Governors have a reasonable expectation that the Trust
has adequate resources to continue in operalional existence for the foreseeable future. Thus the Governors
continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charltable funds
Unreslricled funds are available for use at the discretion of the Governors in furtherance of their charitable
objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out In the note5 to the financial slatements.
1.4 Incomlng resources
Income is recognised when the Trusl is legally enlilled to it after any performance conditions have been met,
the amounts can be measured reliably, and it is probable that income will be received.
1.5 Resources expended
Expenditure is recognised once Ihere is a legal or constructive obligation to make a paymerst to a third party, it
is probable that settlement will be required and the amount of the obligation can be measured reliably.
Expenditure is all considered as expenditure on charitable activities and includes the cost of running the Trusl
as well as grants. Grants payable are charged in the year when the offer is conveyed and a valid exFectalion
created with the recipient that the grant will be paid. Any grants awarded and not claimed are recognised as
refunds in the year they are not claimed. All costs are inclusive of irrecoverable VAT.
10-

THE CHARLES & BARBARA TYRE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policles
(Continued)
1.6 Flxed asset Investments
Fixed asset investments are initially measured at transaction price including transaction costs, and are
subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net
incomel{expenditurel for the year. Transaction cosls are expensed as incurred.
Realised gains and losses during the year are calculated as the difference be￿een sales proceeds and the
fair market value at the start of the accounting period. Unrealised gains and losses are calculated as the
difference between market value at the year end and the market value at the start of the year as adjusted for
purchases and sales. Gains and losses on revaluation or disposal are combined in the Statement of Financial
Activities.
1.7 Cash and cash equlvalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments wilh original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.8 Flnanclal Instruments
The Trust has elected to apply the provisions of Section 11 'Accounting for Financial Assets and Financial
Liabilities of SORP FRS 102 to all of ils financial instruments.
Financial instruments are recognised in the Trust's balance sheet when the Trust becomes party lo the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to sel off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
8asic financlal assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing transaction, where the Iransaclion is
measured at the present value of the future receipts discounted at a market rate of interest.
Baslc financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrLJmenl is measured at the present
value of the future payments discounted al a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Trade creditors are obligations to pay for goods or service5 that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, Ihey are presented as non-currenl liabilities. Trade creditors are recognised initially at
transaclion price and subsequently measured at amortised cost using the effective interesl method.
Derecognition of financlal Ilabilities
Financial liabilities are derecognised when the Trust's contractual obligations expire or are discharged or
cancelled.
11

THE CHARLES & BARBARA TYRE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting pollcles
{Contlnuedl
1.9 Grants
The Governors award grants annually, as they think fit, to assist applicants of either sex who are Protestant,
have completed their school education bul are nol at the time of the award more than 25 years of age and are
ordinarily resident within the area of the former County of Argyll, to obtain qualificalions additional to a degree,
associateship, diploma, or certificate of a University or other institute of further or higher education already
obtained.. lo train in a trade or profession other than that in which they are presently trained,. to undertake
training in leadership and initiative or to benefit from recreative holidays in cases of physical or mental
disability, whether permanent or temporary. Grants are recognised as a liability as soon as they are approved
by the Governors but are paid to successful applicants in instalmenls across the academic year, on receipt of
salisfaclory evidence of continued attendance.
1.10 Funds structure
Under the terms of the Charles and Barbara Tyre Trust Scheme 1979, set up by Statutory Instrument 1979,
No. 496, the Trust has a single permanent endowment. The Governors are required lo invest the capital in
perpetuity and to apply the whole of the free income of the Trust to the awarding of grants annually in
accordance with note 1.9. Any such income not applied during the year shall be carried foNard and applied in
the following year or may be added to the capital of the Trust.
1.11 Taxatlon
The Trust is a charitable TrLJsI within the meaning of Section 467 of the Corporation Tax Act 2010.
Accordingly, the Trust is potentially exempt from taxation in respect of income or capital gains received within
categories covered by Chapter 3 of Part 11 of the Corporation Tax Act 2010 and section 256 of the Taxation of
Chargeable Gains Act 1992 to the extent that such income or gains are applied for charitable purposes only.
Income from Investments
Unrestrlcted Unrestrlcted
funds
funds
2025
2024
Income from listed investments
Inlerest receivable
28,188
3,885
29,006
3,873
32,073
32,879
12-

THE CHARLES & BARBARA TYRE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Expendlture on charitable activities
Grant
Awards
2025
Grant
Awards
2024
Grant
Awards
2024
Total
2024
Dlrect costs
Grant funding of activities (see note 5)
15,000
8,000
(3,400)
4,600
Share of support and governance costs (see note 7)
Support
Governance
3,906
8,047
1,556
10,946
1,556
10,946
26,953
20,502
(3,400)
17,102
Analysls by fund
Unrestflcted funds - general
26,953
20,502
{3,4001
17,102
Ralslng funds
2025
2024
Investment management
7,364
6,861
7,364
6,861
Grants payable
Charltable Grants not
actSvltles
pald from
prevlous &
current year
Total
2024
Grants to individuals
15,000
15,000
4,600
15,000
15,000
4,600
During ihe year under review, the Trust awarded total grants of £15,000 (2024: £8,000). Grants of £2,500
were paid to 612024.. 4) individuals.
13

THE CHARLES & BARBARA TYRE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Governors
None of the Governors (or any persons connected with them) received any remuneration during the year, and
3 oflhem were reimbursed £119 for travelling expenses {2024- 3 were reimbursed £301).
Support costs allocated to actlvltles
2025
2024
Meeting costs
Administrative costs
Motor and Iravelling costs
Governance costs
119
793
216
10,825
470
785
301
10,946
11,953
12,502
Analysed between:
Grant Awards
11,953
12,502
2025
2024
Governanc8 Costs comprlse:
Audit fees
Treasurer's and Clark's fees
2,778
8,047
2,646
8,300
10,825
10,946
Support costs are all paid out of unrestricted funds and are allocated on the basis of actual costs incurred.
Governance and support costs includes payments lo the auditors of £2,778 (2024.. £2,646) for audit fees.
Employees
There were no employees during the year (2024.. No employees).
Taxatlon
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section
252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied lo its charitable objects.
10 Net galnsl(losses) on Investments
2025
2024
(Loss)IGain on sale of investments
(425)
(2,466)
14-

THE CHARLES & BARBARA TYRE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
11 Flxed asset Investments
Llsted
Investments
Cost or valuatlon
At 31 March 2024
Additions
Valuation changes
Disposals
1,149,383
76,907
16,527
186,565)
At 31 March 2025
1,176,252
Carrylng amount
At 31 March 2025
1,176,252
At 31 March 2024
1,149,383
Foxed asset Investments revalued
Fixed Asset Investments are slated at their market value as of the Balance Sheet date.
If such investments were measured at cost, their base cost at the Balance Sheet dale would amounl to
£705,847 (2024.. £720,536).
12 Debtors
2025
2024
Amounts falllng due wlthln one year:
Other debtors
259
13 Credltors: amounts falllng due wlthln one year
2025
2024
Trade creditors
Other creditors
Accruals and deferred income
7,550
2,700
2,778
4,100
4,571
2,646
13,028
11,317
14 Current asset Investments
2025
2024
Deposils and cash
11,426
26,225
15-

THE CHARLES & BARBARA TYRE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
15 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At 1 Aprll
2024
Incomlng
resources
Resources At 31 March
expended
2025
General funds
Revaluation reserve
105,577
(3,133)
32,073
(26,953)
110,697
(3,1331
Prevlous year:
At 1 Aprll
2023
Incomlng
resources
R8sources At 31 March
expended
2024
General funds
Revaluation reserve
89,800
13,1331
32,879
117,102)
105,577
(3,133)
16-

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