**The Lady More Charitable Trust** Charity registration no. 1052956 **Trustees' report and unaudited accounts** **For the year ended 31 December 2020** ## **The Lady More Charitable Trust** ## **Legal and administrative information** |**Trustees**|Justin James Cecil Coldwell| |---|---| ||Sir Josslyn Henry Robert Gore-Booth Bt.| ||Andrew John Rattray Sayer| |**Charity number**|1052956| |**Principal address**|Whole Farm| ||Nr. Tenterden| ||Kent| ||TN30 7JG| |**Independent examiner**|Simon Ellingham FCA| ||Fawcetts LLP| ||Chartered Accountants| ||Windover House| ||St Ann Street| ||Salisbury| ||Wiltshire| ||SP1 2DR| |**Accountants**|Smith & Williamson LLP| ||Accountants| ||Old Library Chambers| ||21 Chipper Lane| ||Salisbury| ||Wiltshire| ||SP1 1BG| |**Solicitors**|Macfarlanes LLP| ||20 Cursitor Street| ||London| ||EC4A 1LT| |**Investment advisors**|Smith & Williamson Investment Management LLP| ||25 Moorgate| ||London| ||EC2R 6AY| ## **The Lady More Charitable Trust** ## **Contents** ||**Page**| |---|---| |Trustees' report|1 - 2| |Independent examiner's report|3| |Receipts and payments account|4| |Statement of assets and liabilities|5| |Note to the accounts|6| ## **The Lady More Charitable Trust** ## **Trustees' report for the year ended 31 December 2020** The trustees present their report and accounts for the year ended 31 December 2020. The accounts have been prepared on a receipts and payments basis and comply with the charity's governing document and applicable law. ## **Structure, governance and management** The charity was established by a charitable trust deed dated 9 February 1996 by Justin James Cecil Coldwell and is registered with the charity commission, number 1052956. The trustees who served during the year were: Justin James Cecil Coldwell Sir Josslyn Henry Robert Gore-Booth Bt. Andrew John Rattray Sayer The powers of appointing new and additional trustees is vested in the trustees. The joint trustees are responsible for the day to day administration of the charity. The trustees have reviewed the risks to the assets of the charity and are satisfied that adequate controls are in place. ## **Objects and activities** The charity's objects are to hold capital and income on trust and to apply them as they think fit for purposes which are exclusively charitable according to the law of England and Wales. The policies adopted in furtherance of these objects are to make charitable donations within the scope of the income received during the year. There has been no change in these policies during the year. The trustees have considered the guidance provided by the Charity Commission with regard to meeting the public benefit objective. As all donations are made to registered charities, the trustees believe that The Lady More Charitable Trust is acting for the benefit of the public. ## **Achievements and performance** During the year, donations of £30,000 (2019: £30,000), investment income and interest of £13,443 (2019: £15,932) and Gift Aid of £nil (2019: £12,501) was received. Grants of £32,000 (2019: £19,000) were paid out to various charitable institutions in furtherance of the charitable objects of the charity. The trustees will continue to support the work of charities or voluntary organisations whose aims fall within the objects of the charity. ## **Financial review** It is the policy of the charity to spend the income which becomes available to it, at the trustees' discretion, in furtherance of the charity's objects whilst maintaining the capital from which the income derives. The trustees have power to invest funds in any type of securities in any part of the world. - 1 - ## **The Lady More Charitable Trust** ## **Trustees' report for the year ended 31 December 2020** ## **Trustees' responsibilities** The trustees are responsible for preparing the trustees' report, the receipts and payments account, the statement of assets and liabilities and the note to the accounts in accordance with applicable law and regulations. The law applicable to charities in England and Wales requires the trustees to prepare annual accounts. Under that law the trustees have elected to prepare a receipts and payments account and a statement of assets and liabilities. The trustees must not approve the accounts unless they are satisfied that they properly present the receipts and payments for the year and the assets and liabilities of the charity. The trustees are responsible for keeping adequate accounting records which are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the assets and liabilities of the charity and enable them to ensure that the accounts and statement can be properly drawn up in accordance with the Charities Act 2011, and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. On behalf of the board of trustees ## _**JUSTIN COLDWELL**_ .............................. Trustee Dated: 13 04 21 - 2 - ## **The Lady More Charitable Trust** ## **Independent examiner's report to the Trustees of The Lady More Charitable Trust** I report to the trustees on my examination of the accounts of The Lady More Charitable Trust for the year ended 31 December 2020 which comprise the receipts and payments account, the statement of assets and liabilities and the related note. ## **Respective responsibilities of trustees and examiner and basis of report** As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act"). I report in respect of my examination of the charity's accounts carried out under section 145 of the 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 giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records. 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. ## _**S ELLINGHAM**_ ## **Simon Ellingham FCA** Fawcetts LLP Chartered Accountants Windover House St Ann Street Salisbury Wiltshire SP1 2DR Dated: 13.04.21 - 3 - ## **The Lady More Charitable Trust** ## **Receipts and payments account for the year ended 31 December 2020** |**Note**
**2020**
**£**
**£**
**Income**
**Receipts**
Investment dividends
**13,425**
Donations received
**30,000**
Interest received
**18**
Gift Aid received
**-**
_Total receipts - income_
**43,443**
**Payments**
Grants to institutions
1
**32,000**
Investment management fees
**2,501**
Accountancy fees
**1,794**
Independent examiner's fees
**810**
_Total payments - income_
**(37,105)**
_Net movement on income_
**6,338**
**Capital**
**Receipts from sales of investments**
**30,737**
**Purchase of investments**
**(25,017)**
_Net movement on capital_
**5,720**
_Total receipts net of payments_
**12,058**
**Cash funds last year end**
**34,806**
**Cash funds this year end**
**46,864**|£
15,828
30,000
104
12,501
19,000
3,069
1,740
792
10,471
(41,836)|2019
£
58,433
(24,601)
33,832
(31,365)
2,467
32,339
34,806| |---|---|---| - 4 - ## **The Lady More Charitable Trust** ## **Statement of assets and liabilities as at 31 December 2020** |**Cash funds**
**Investment assets**
Cost
Market value
**Debtors**
Gift Aid
**Liabilities**
Independent examiner's fees
Accountancy fees
Investment management fees|**2020**
**£**
**46,864**
**347,526**
**542,440**
**7,500**
**810**
**1,848**
**808**
**3,466**|2019
£
34,806| |---|---|---| |||348,529| |||540,446| |||-| |||792
1,794
614| |||3,200| ## **Trustees' approval** In accordance with the engagement letter dated 13 October 2003, we approve the accounts for the year ended 31 December 2020 which comprise the receipts and payments account, the statement of assets and liabilities and the note to the accounts. We acknowledge our responsibility for the accounts, including the appropriateness of the accounting basis and for providing Smith & Williamson LLP with all the information and explanations necessary for their preparation. ## _**Signed on behalf of the Trustees on 13.04.21**_ JUSTIN COLDWELL **Trustee** - 5 - ## **The Lady More Charitable Trust** ## **Note to the accounts for the year ended 31 December 2020** ## **1 Grants to institutions** |Christina Noble Childrens Foundation Limited
Crisis
DEMAND
Friends of Children in Romania
Hammersley Homes Ltd
Help Musicians UK
Medical Aid for Palestinians
Myaware
Rethink Mental Illness
Sense International
The Bishop's Castle Railway Society Co Ltd
The Friends of the Spafford Children's Center of Jerusalem
The Nehemiah Project
The Shuktara Trust (UK)
The Voices Foundation|**2020**
**£**
**2,000**
**5,000**
**5,000**
**1,000**
**5,000**
**3,000**
**2,000**
**1,000**
**1,000**
**-**
**-**
**1,000**
**2,000**
**2,000**
**2,000**
**32,000**|2019
£
5,000
2,000
1,000
1,000
-
1,000
1,000
1,000
1,000
1,000
1,000
-
1,000
1,000
2,000| |---|---|---| |||19,000| - 6 -