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REGISTERED COMPANY NUMBER: SC436510 (Scotland)
REGISTERED CHARITY NUMBER: SC43561














Report of the Trustees and

Unaudited Financial Statements For The Year Ended 30 November 2023

for

The Chaffinch Trust

The Chaffinch Trust






Contents of the Financial Statements
For The Year Ended 30 November 2023




Page

Report of the Trustees 1 to 3

Independent Examiner's Report 4

Statement of Financial Activities 5

Balance Sheet 6 to 7

Notes to the Financial Statements 8 to 11

The Chaffinch Trust (Registered number: SC436510)

Report of the Trustees
For The Year Ended 30 November 2023


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 November 2023. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES
The Charity's objectives are to encourage cooperation and collaboration between charities, with an emphasis on the issues relating to clean water, sanitation, education, housing- including recycling of materials for buildings, and for medical applications - always with the specific aim of drawing together existing organisations, charities and people within these groups to enhance sharing.

STRATEGIES TO ACHIEVE THE CHARITY'S OBJECTIVES
The key to the success of the charity is to be able to develop links, friendships and instigate action with those charities serving the communities in the less advantaged areas of the United Kingdom and overseas. The Management Team has continued to be busy during this period, focusing on building connections and spreading awareness to a wide range of charities, organisations and individuals in the UK and around the world. Links with other organisations developed over the life of the charity have been maintained.

ACHIEVEMENT AND PERFORMANCE
Ms DJ Eleazar and AS Smith where appointed trustees on 3.2.2023

HRH, The Princess Royal continues to be the Guardian (Patron) of The Trust.
The Trust was honoured by HRH who committed to continue as her role as Guardian, attending every meeting.

Important partners were developed with Project Hope, Phoenix Space and in the Gambia with the charity Nafanta Foundation (Cheep Charity UK).

The Trust continues to support the work of Fergus Storrier and Show Case the Street in Dundee. We still wish to rekindle the initiative we had with so many partners in Arbroath; the Councils, the schools the Royal Marines

Fundraising: a Joint fundraising dinner with Project Hope, Phoenix Space and The Chaffinch Trust was sponsored by Gulfsands Energy in June 2023.

The Trust is continuing to investigate possible links with Livery companies in order to perhaps facilitate vocational training.

Website development continues.

On a personal note; I was deeply touched when several members of the Management team of the Trust stepped up to Chair the meeting in March 2023.


The Chaffinch Trust (Registered number: SC436510)

Report of the Trustees
For The Year Ended 30 November 2023

FINANCIAL REVIEW
Financial position
With the exception of governance costs - the cost of independent examination and legal compliance- all costs are incurred in support of projects, discussions, liaison, meetings and actions.

In the year to 30 November 2023, our income exceeded our expenses by £1,042 costs incurred included the Pheonix Space project, website and reimbursement of expenses to board members to liaise with various charities re future projects and the costs of facilitating our 2 annual board meetings.

It is still the intention to hold minimum reserves of no less than two years' average costs and with no paid personnel, expenses and expenditure are kept to a minimum. If project costs are increase, fundraising will re-commence. At the time of approving the accounts, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future.
Thus, the Trustees continue to adopt the going concern basis of accounting in preparing the accounts.

All those who have financially supported the charity since its inception have been kept informed of its progress by letter and communication from the Founder, Ben Goss.

We are enormously grateful for the support of so many people but especially those within the Management Team and those people around the world but particularly in Britain who have helped the growth of the work of encouraging cooperation and collaboration between organisations serving those who live in the poorest parts of Britain and overseas.

We are honoured to have the continued support and patronage of our Guardian, Her Royal Highness, the Princess Royal who is actively involved in our work. Her contribution has been considerable.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees
The Trustees, as above, are the directors of the company. No one other than the Trustees can appoint additional Trustees. On appointment, Trustees are advised of their responsibility during the induction process.

In addition, a wider circle of active supporters of the charity form the "Management Team" who offer their expertise and experience as appropriate. The present members of the Management Team are regularly encouraged to discover and nominate potential new members. Two members of the Board of Directors or Management Team will meet any proposed person to assess their suitability. If appropriate, this person will then attend the next Management Team meeting and thereafter become a Team member.

A third group of "Ambassadors" help to spread awareness of the charity's work. They are acquaintances and individuals who are often connected to other charities and organisations who can facilitate our objectives. If individuals show an interest in becoming Ambassadors they would be most enthusiastically reviewed. Some of these individuals may go on to become members of the Management Team.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
SC436510 (Scotland)

Registered Charity number
SC43561

Registered office
The Steadings
Milton Brae
Miltonduff
Moray
IV30 8TL

The Chaffinch Trust (Registered number: SC436510)

Report of the Trustees
For The Year Ended 30 November 2023

Trustees
Ms D J Eleazar (appointed 3.2.23)
B C Goss
M H Rust
A S Smith (appointed 3.2.23)
Ms E M Wilson

Company Secretary
B C Goss

Independent Examiner
Cathedral Accountancy
4 North Guildry Street
Elgin
Moray
IV30 1JR

Bankers
The Royal Bank of Scotland
209 High Street
Elgin
Moray
IV30 1DL

Approved by order of the board of trustees on 27 August 2024 and signed on its behalf by:





B C Goss - Trustee

Independent Examiner's Report to the Trustees of
The Chaffinch Trust

I report on the accounts for the year ended 30 November 2023 set out on pages five to eleven.

Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

Basis of the independent examiner's report
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner's statement
In connection with my examination, no matter has come to my attention :

(1) which gives me reasonable cause to believe that, in any material respect, the requirements

- to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
- to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.








Alan E Long FCA
The Institute of Chartered Accountants in England and Wales

Cathedral Accountancy
4 North Guildry Street
Elgin
Moray
IV30 1JR

27 August 2024

The Chaffinch Trust

Statement of Financial Activities
For The Year Ended 30 November 2023

30.11.23 30.11.22
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 19,069 520

EXPENDITURE ON
Charitable activities
Human Health Activities 18,027 3,124

NET INCOME/(EXPENDITURE) 1,042 (2,604 )


RECONCILIATION OF FUNDS
Total funds brought forward 2,487 5,091

TOTAL FUNDS CARRIED FORWARD 3,529 2,487

The Chaffinch Trust (Registered number: SC436510)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Tangible assets 5 - 147

CURRENT ASSETS
Debtors 6 2,037 -
Cash at bank 1,992 2,860
4,029 2,860

CREDITORS
Amounts falling due within one year 7 (500 ) (520 )

NET CURRENT ASSETS 3,529 2,340

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,529

2,487

NET ASSETS 3,529 2,487
FUNDS 8
Unrestricted funds 3,529 2,487
TOTAL FUNDS 3,529 2,487

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


The Chaffinch Trust (Registered number: SC436510)

Balance Sheet - continued
30 November 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 27 August 2024 and were signed on its behalf by:





B C Goss - Trustee

The Chaffinch Trust

Notes to the Financial Statements
For The Year Ended 30 November 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Computer equipment - 33% on cost

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

30.11.23 30.11.22
£    £   
Auditors' remuneration for non audit work 579 260
Depreciation - owned assets 147 146


The Chaffinch Trust

Notes to the Financial Statements - continued
For The Year Ended 30 November 2023

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 November 2023 nor for the year ended 30 November 2022.


Trustees' expenses

During the year trustees received reimbursement of expenses totalling £2,749 (2022 - £3,571)

4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 520

EXPENDITURE ON
Charitable activities
Human Health Activities 3,124

NET INCOME/(EXPENDITURE) (2,604 )


RECONCILIATION OF FUNDS
Total funds brought forward 5,091

TOTAL FUNDS CARRIED FORWARD 2,487

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 December 2022 and 30 November 2023 439
DEPRECIATION
At 1 December 2022 292
Charge for year 147
At 30 November 2023 439
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 147


The Chaffinch Trust

Notes to the Financial Statements - continued
For The Year Ended 30 November 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 2,037 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Accrued expenses 500 520

8. MOVEMENT IN FUNDS
Net
At movement At
1.12.22 in funds 30.11.23
£    £    £   
Unrestricted funds
General fund 2,487 1,042 3,529

TOTAL FUNDS 2,487 1,042 3,529

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 19,069 (18,027 ) 1,042

TOTAL FUNDS 19,069 (18,027 ) 1,042


Comparatives for movement in funds

Net
At movement At
1.12.21 in funds 30.11.22
£    £    £   
Unrestricted funds
General fund 5,091 (2,604 ) 2,487

TOTAL FUNDS 5,091 (2,604 ) 2,487

The Chaffinch Trust

Notes to the Financial Statements - continued
For The Year Ended 30 November 2023

8. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 520 (3,124 ) (2,604 )

TOTAL FUNDS 520 (3,124 ) (2,604 )

A current year 12 months and prior year 12 months combined position is as follows:

Net
At movement At
1.12.21 in funds 30.11.23
£    £    £   
Unrestricted funds
General fund 5,091 (1,562 ) 3,529

TOTAL FUNDS 5,091 (1,562 ) 3,529

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 19,589 (21,151 ) (1,562 )

TOTAL FUNDS 19,589 (21,151 ) (1,562 )

9. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 November 2023.