The Lady More Charitable Trust Charity registration no. 1052956 Trustees' report and unaudited accounts
For the year ended 31 December 2021
The Lady More Charitable Trust
Legal and administrative information
| Trustees | Justin James Cecil Coldwell |
|---|---|
| William James Denzil Hollest | |
| Barra Ross Little | |
| Lily Kathleen Postlethwaite | |
| 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 & WilliamsonLLP |
| Accountants | |
| Old Library Chambers | |
| 21 Chipper Lane | |
| Salisbury | |
| Wiltshire | |
| SP1 1BG | |
| Solicitors | Geldards LLP |
| The Arc | |
| Enterprise Way | |
| Nottingham | |
| NG2 1EN | |
| Investment advisors | Smith & WilliamsonInvestment Management LLP |
| 45 Gresham Street | |
| London | |
| EC2V 7BG |
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 2021
The trustees present their report and accounts for the year ended 31 December 2021.
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.(retired 30 March 2021) Andrew John Rattray Sayer (retired 30 March 2021) William James Denzil Hollest (appointed 30 March 2021) Barra Ross Little (appointed 30 March 2021) Lily Kathleen Postlethwaite (appointed 30 March 2021)
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 £60,000 (2020: £30,000), investment income and interest of £15,628 (2020: £13,443) and Gift Aid of £15,000 (2020: £nil) was received. Grants of £41,000 (2020: £32,000) 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.
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The Lady More Charitable Trust
Trustees' report for the year ended 31 December 2021
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 proper 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: 24 May 2022
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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 2021 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:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
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.
Simon Ellingham
Simon Ellingham FCA
Fawcetts LLP Chartered Accountants Windover House St Ann Street Salisbury Wiltshire SP1 2DR
Date: 24 May 2022
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The Lady More Charitable Trust
Receipts and payments account for the year ended 31 December 2021
| Note £ Income Receipts Investment dividends 15,628 Donations received 60,000 Interest received - Gift Aid received 15,000 Total receipts - income Payments Grants to institutions 1 41,000 Investment management fees 3,124 Legal and professional fees 600 Accountancy fees - Independent examiner's fees 810 Total payments - income Net movement on income Capital Receipts from sales of investments 96,478 Purchase of investments (146,310) Net movement on capital Total receipts net of payments Cash funds last year end Cash funds this year end |
2021 £ 90,628 (45,534) 45,094 (49,832) (4,738) 46,864 42,126 |
£ 13,425 30,000 18 - 32,000 2,501 - 1,794 810 30,737 (25,017) |
2020 £ 43,443 (37,105) 6,338 5,720 12,058 34,806 46,864 |
|---|---|---|---|
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The Lady More Charitable Trust
Statement of assets and liabilities as at 31 December 2021
| Cash funds Investment assets Cost Market value Debtors Gift Aid Liabilities Independent examiner's fees Accountancy fees Investment management fees |
2021 £ 42,126 430,132 648,431 7,500 840 3,792 850 5,482 |
2020 £ 46,864 |
|---|---|---|
| 347,526 | ||
| 542,440 | ||
| 7,500 | ||
| 810 1,848 808 |
||
| 3,466 |
In accordance with the engagement letter dated 14 April 2021, we approve the accounts for the year ended 31 December 2021 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 and authorised for issue on 24 May 2022
Justin Coldwell
................................. Trustee
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The Lady More Charitable Trust
Note to the accounts for the year ended 31 December 2021
1 Grants to institutions
| All Ears International Christina Noble Childrens Foundation Limited Crisis DEMAND Freedom Kit Bags Friends of Children in Romania Hammersley Homes Ltd Help Musicians UK Medical Aid for Palestinians Myaware National Youth Arts Trust Rethink Mental Illness Sense International Severn Valley Railway Charitable Trust Limited The Friend's of Spafford Children's Centre of Jerusalem The Hands Up Foundation The Nehemiah Project The Separated Child Foundation The Shuktara Trust (UK) The Voices Foundation 2Makeit |
2021 £ 1,000 3,000 2,000 2,000 1,000 2,000 2,000 2,000 3,000 - 3,000 - 2,000 1,000 2,000 3,000 2,000 2,000 3,000 2,000 3,000 41,000 |
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 |
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