IRIS Accounts Production v25.1.0.734 Other Company accounts True false Pounds 1.8.23 31.7.24 31.7.24 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false true 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh114490252023-07-31114490252024-07-31114490252023-08-012024-07-31114490252022-07-31114490252022-08-012023-07-31114490252023-07-3111449025ns0:CharitableCompanyLimitedByGuarantee2023-08-012024-07-3111449025ns15:PoundSterling2023-08-012024-07-3111449025ns11:FRS1022023-08-012024-07-3111449025ns11:IndependentExaminationCharity2023-08-012024-07-3111449025ns11:SmallCompaniesRegimeForAccounts2023-08-012024-07-3111449025ns11:FullAccounts2023-08-012024-07-3111449025ns11:CharitiesSORP2023-08-012024-07-3111449025ns16:EnglandWales2023-08-012024-07-3111449025ns11:RegisteredOffice2023-08-012024-07-3111449025ns0:Trustee22023-08-012024-07-3111449025ns0:Trustee12023-08-012024-07-3111449025ns0:Trustee32023-08-012024-07-3111449025ns0:Trustee42023-08-012024-07-3111449025ns11:CompanySecretary12023-08-012024-07-3111449025ns0:Activity82023-08-012024-07-3111449025ns0:Activity82022-08-012023-07-3111449025ns10:WithinOneYear2024-07-3111449025ns10:WithinOneYear2023-07-3111449025ns0:TotalUnrestrictedFunds2024-07-311144902522023-08-012024-07-3111449025ns10:ListedExchangeTradedns10:CostValuation2023-07-3111449025ns10:ListedExchangeTradedns10:AdditionsToInvestments2024-07-3111449025ns10:DisposalsRepaymentsInvestmentsns10:ListedExchangeTraded2024-07-3111449025ns10:RevaluationsIncreaseDecreaseInInvestmentsns10:ListedExchangeTraded2024-07-3111449025ns10:ListedExchangeTradedns10:CostValuation2024-07-31
REGISTERED COMPANY NUMBER: 11449025 (England and Wales)
REGISTERED CHARITY NUMBER: 1183615














REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2024

FOR

THE TRUST FOR SIR NEIL AND LADIES SHEILA
AND ELIZABETH THORNE LIMITED

THE TRUST FOR SIR NEIL AND LADIES SHEILA
AND ELIZABETH THORNE LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024










Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5 to 6

Cash Flow Statement 7

Notes to the Cash Flow Statement 8

Notes to the Financial Statements 9 to 14

THE TRUST FOR SIR NEIL AND LADIES SHEILA
AND ELIZABETH THORNE LIMITED (REGISTERED NUMBER: 11449025)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST JULY 2024



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 31st July 2024. 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
Objectives and aims
The purposes of the trust are to support educational projects, relief of sickness and promotion of good physical and mental wellbeing, the promotion of religious harmony between faiths through education and the preservation and conservation of historic buildings and monuments and historical records and archives and education of the public in the buildings, memorials and related events.

Significant activities
During the the year the trust received in from the Executors of Lady Elizabeth Thorne a portfolio which is administered by Charles Stanley and will provide income in the future to fund the charitable activities of the Trust. The executors of the estate also made further donations into the trust of income received during administration. The charity has been able to make a number of grants to charitable institutions..

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.

Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
11449025 (England and Wales)

Registered Charity number
1183615

Registered office
C/O Virtual Company Secretary Limited
7 York Road
Woking
Surrey
GU22 7XH

Trustees
S Thorne Parliamentary Advisor
N Thorne Parliamentary Consultant
A Montlake Solicitor
S J Sanders Business Development Director

Company Secretary
ARM Secretaries Limited

Independent Examiner
David Belbin
Clemence Hoar Cummings
Chartered Accountants
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN

THE TRUST FOR SIR NEIL AND LADIES SHEILA
AND ELIZABETH THORNE LIMITED (REGISTERED NUMBER: 11449025)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST JULY 2024



Approved by order of the board of trustees on 12th April 2025 and signed on its behalf by:





N Thorne - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE TRUST FOR SIR NEIL AND LADIES SHEILA
AND ELIZABETH THORNE LIMITED


Independent examiner's report to the trustees of The Trust For Sir Neil and Ladies Sheila and Elizabeth Thorne Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st July 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
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:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.








David Belbin

Clemence Hoar Cummings
Chartered Accountants
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN

12th April 2025

THE TRUST FOR SIR NEIL AND LADIES SHEILA
AND ELIZABETH THORNE LIMITED

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST JULY 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM

Investment income 2 33,590 32,412

EXPENDITURE ON
Raising funds 3 4,903 3,874

Charitable activities 4
Grants to Institutions 24,558 21,214

Other - 152
Total 29,461 25,240

Net gains/(losses) on investments 105,115 (16,657 )

NET INCOME/(EXPENDITURE) 109,244 (9,485 )


RECONCILIATION OF FUNDS
Total funds brought forward 1,260,326 1,269,811

TOTAL FUNDS CARRIED FORWARD 1,369,570 1,260,326

THE TRUST FOR SIR NEIL AND LADIES SHEILA
AND ELIZABETH THORNE LIMITED (REGISTERED NUMBER: 11449025)

BALANCE SHEET
31ST JULY 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Investments
Investments 9 825,574 747,016
Investment property 10 400,000 400,000
1,225,574 1,147,016

CURRENT ASSETS
Cash at bank 145,538 114,510

CREDITORS
Amounts falling due within one year 11 (1,542 ) (1,200 )

NET CURRENT ASSETS 143,996 113,310

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,369,570

1,260,326

NET ASSETS 1,369,570 1,260,326
FUNDS 12
Unrestricted funds 1,369,570 1,260,326
TOTAL FUNDS 1,369,570 1,260,326

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2024 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 TRUST FOR SIR NEIL AND LADIES SHEILA
AND ELIZABETH THORNE LIMITED (REGISTERED NUMBER: 11449025)

BALANCE SHEET - continued
31ST JULY 2024

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 12th April 2025 and were signed on its behalf by:





N Thorne - Trustee

THE TRUST FOR SIR NEIL AND LADIES SHEILA
AND ELIZABETH THORNE LIMITED

CASH FLOW STATEMENT
FOR THE YEAR ENDED 31ST JULY 2024

2024 2023
Notes £    £   

Cash flows from operating activities
Cash generated from operations 1 4,286 6,936
Net cash provided by operating activities 4,286 6,936

Cash flows from investing activities
Purchase of fixed asset investments (22,407 ) (60,054 )
Sale of fixed asset investments 45,555 10,386
Interest received 185 236
Net cash provided by/(used in) investing activities 23,333 (49,432 )

Change in cash and cash
equivalents in the reporting period

27,619

(42,496

)
Cash and cash equivalents at the
beginning of the reporting period

114,510

155,363
Cash in cash and cash equivalents
due to exchange rate movements

3,409

1,643
Cash and cash equivalents at the
end of the reporting period

145,538

114,510

THE TRUST FOR SIR NEIL AND LADIES SHEILA
AND ELIZABETH THORNE LIMITED

NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31ST JULY 2024


1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM
OPERATING ACTIVITIES
2024 2023
£    £   
Net income/(expenditure) for the reporting period (as per
the Statement of Financial Activities)

109,244

(9,485

)
Adjustments for:
(Gain)/losses on investments (105,115 ) 16,657
Interest received (185 ) (236 )
Increase in creditors 342 -
Net cash provided by operations 4,286 6,936


2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.8.23 Cash flow At 31.7.24
£    £    £   
Net cash
Cash at bank 114,510 31,028 145,538
114,510 31,028 145,538
Total 114,510 31,028 145,538

THE TRUST FOR SIR NEIL AND LADIES SHEILA
AND ELIZABETH THORNE LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024


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, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.

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. INVESTMENT INCOME
2024 2023
£    £   
Rents received 18,300 18,000
Portfolio Investment income 15,105 14,176
Curr asset inv income 185 236
33,590 32,412


THE TRUST FOR SIR NEIL AND LADIES SHEILA
AND ELIZABETH THORNE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024


3. RAISING FUNDS

Raising donations and legacies
2024 2023
£    £   
Support costs 71 68


Other trading activities
2024 2023
£    £   
Property Repairs 276 -
Insurance of Property 957 288
1,233 288


Investment management costs
2024 2023
£    £   
Portfolio management 3,599 3,518

Aggregate amounts 4,903 3,874

4. CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities Support
(see note costs (see
5) note 6) Totals
£    £    £   
Grants to Institutions 22,250 2,308 24,558

5. GRANTS PAYABLE
2024 2023
£    £   
Grants to Institutions 22,250 19,347



THE TRUST FOR SIR NEIL AND LADIES SHEILA
AND ELIZABETH THORNE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024


6. SUPPORT COSTS
Governance
Finance costs Totals
£    £    £   
Raising donations and legacies 71 - 71
Grants to Institutions - 2,308 2,308
71 2,308 2,379

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st July 2024 nor for the year ended 31st July 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31st July 2024 nor for the year ended 31st July 2023.


8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM

Investment income 32,412

EXPENDITURE ON
Raising funds 3,874

Charitable activities
Grants to Institutions 21,214

Other 152
Total 25,240

Net gains/(losses) on investments (16,657 )

NET INCOME/(EXPENDITURE) (9,485 )


RECONCILIATION OF FUNDS
Total funds brought forward 1,269,811

TOTAL FUNDS CARRIED FORWARD 1,260,326


THE TRUST FOR SIR NEIL AND LADIES SHEILA
AND ELIZABETH THORNE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024


9. FIXED ASSET INVESTMENTS
Listed
investments
£   
MARKET VALUE
At 1st August 2023 747,016
Additions 22,407
Disposals (54,274 )
Revaluations 110,425
At 31st July 2024 825,574
NET BOOK VALUE
At 31st July 2024 825,574
At 31st July 2023 747,016

The investment portfolio is managed by Charles Stanley stockbrokers based in the UK. Within the portfolio held at 31 July 2023 of £747,016 (2022 - £715,648) are assets which are held in overseas companies and investment funds which totalled £103,849 (2022 £90,030)

Cost or valuation at 31st July 2024 is represented by:

Listed
investments
£   
Valuation in 2020 31,031
Valuation in 2021 160,711
Valuation in 2022 (94,662 )
Valuation in 2023 (16,634 )
Valuation in 2024 78,558
Cost 666,570
825,574

10. INVESTMENT PROPERTY
£   
FAIR VALUE
At 1st August 2023
and 31st July 2024 400,000
NET BOOK VALUE
At 31st July 2024 400,000
At 31st July 2023 400,000


THE TRUST FOR SIR NEIL AND LADIES SHEILA
AND ELIZABETH THORNE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024


11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Accrued expenses 1,542 1,200

12. MOVEMENT IN FUNDS
Net
movement At
At 1.8.23 in funds 31.7.24
£    £    £   
Unrestricted funds
General fund 1,260,326 109,244 1,369,570

TOTAL FUNDS 1,260,326 109,244 1,369,570

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

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 33,590 (29,461 ) 105,115 109,244

TOTAL FUNDS 33,590 (29,461 ) 105,115 109,244


Comparatives for movement in funds

Net
movement At
At 1.8.22 in funds 31.7.23
£    £    £   
Unrestricted funds
General fund 1,269,811 (9,485 ) 1,260,326

TOTAL FUNDS 1,269,811 (9,485 ) 1,260,326

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

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 32,412 (25,240 ) (16,657 ) (9,485 )

TOTAL FUNDS 32,412 (25,240 ) (16,657 ) (9,485 )

THE TRUST FOR SIR NEIL AND LADIES SHEILA
AND ELIZABETH THORNE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024


12. MOVEMENT IN FUNDS - continued

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

Net
movement At
At 1.8.22 in funds 31.7.24
£    £    £   
Unrestricted funds
General fund 1,269,811 99,759 1,369,570

TOTAL FUNDS 1,269,811 99,759 1,369,570

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

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 66,002 (54,701 ) 88,458 99,759

TOTAL FUNDS 66,002 (54,701 ) 88,458 99,759

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st July 2024.