2023-05-20-accounts

	The Harry Bacon Foundation	The Harry Bacon Foundation	The Harry Bacon Foundation	1056500	1056500	CC16a
	For the period from	Period start date 21.05.2022	To		Period end date 20.05.2023
Section A Receipts and payments
A1 Receipts	Unrestricted funds to the nearest £ 54,402 125 - - - - - - 54,526 - - - 54,526 63,000 - 11 - - - - - - 63,011 - - - 63,011 - 8,485 - 30,718 69,706 30,503	Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Endowment funds to the nearest £ - 1,329 - - - - - - 1,329 1,636,702 - 1,636,702 1,638,031 120,000 11,330 10,101 - 780 54 - - - - 142,265 1,554,702 - 1,554,702 1,696,967 - 58,936 30,718 45,587 17,369		Total funds to the nearest £ 54,402 1,454 - - - - - - 55,856 1,636,702 - 1,636,702 1,692,558 183,000 11,330 10,101 11 780 54 - - - - 205,277 1,554,702 - 1,554,702 1,759,978 - 67,421 - 115,293 47,872	Last year to the nearest £
Income from investments	54,402					39,096
Interest received	125					72
	-					-
	-					-
	-					-
	-					-
	-					-
	-					-
Sub total(Gross income for AR)	54,526					39,168
A2 Asset and investment sales, (see table).
Sale of investments	-					889,757
	-					-
Sub total	-					889,757
Total receipts A3 Payments
						928,925
Grants awarded	63,000					-
Investment management fees (VAT inclusive)						11,762
Trust administration fees (VAT inclusive)	-					11,042
Cash management fees	11					-
Independent Examiners fees	-					780
Bank charges	-					-
	-					-
	-					-
	-					-
	-					-
**Sub total **	63,011					23,584
A4 Asset and investment purchases, (see table)
Investmentpurchases	-					869,050
	-
**Sub total **	-					869,050
Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end
						892,634
	- 8,485	-	- 58,936		- 67,421	36,291
	- 30,718		30,718		-	-
	69,706		45,587		115,293	79,002
	30,503	-	17,369		47,872	115,293

CCXX R1 accounts (SS)

24/02/2024

1

Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period
Categories Signed by one or two trustees on behalf of all the trustees B5 Liabilities B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use B1 Cash funds	Details Investment portfolio Details Total cash funds (agree balances with receipts and payments account(s)) Capital account Income account Details Details Details Signature	Unrestricted funds Restricted funds to nearest £ to nearest £ - - 30,503 - - - 30,503 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) Endowment - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - Print Name Chris Thurlow on behalf of Ludlow Trust CompanyLimited	Endowment funds to nearest £
			17,369
			-
			-
			17,369
			OK
			Endowment funds to nearest £
			-
			-
			-
			-
			-
			-
			Current value (optional)
			2,300,761
			-
			-
			-
			-
			Current value (optional)
			-
			-
			-
			-
			-
			-
			-
			-
			-
			When due (optional)
			Date of approval
		Chris Thurlow on behalf of Ludlow Trust CompanyLimited

CCXX R2 accounts (SS)

24/02/2024

2

Trustees’ Annual Report for the period

From 21 May 2022 To 20 May 2023

Charity name: The Harry Bacon Foundation Charity registration number: 1056500 Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The objects of the charity are to apply the income for or towards such charitable institution or institutions, at such time or times and is such a manner as the Trustees may in their absolute discretion think fit. In making grant awards the trustees shall give consideration to the institutions set out n the settlor’s Letter of Wishes as follows: RNLI Imperial Cancer Research Fund British Heart Foundation Appeal The People’s Dispensary for Sick Animals Parkinsons Disease Society The Arthritis ad Rheumatism Council for Research The Donkey Sanctuary The International League for the Protection of Horses
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities,projects or	Para 1.17 and 1.19	In furtherance of the charity’s objects for the public benefit the trustees provide grants in accordance with the Letter of Wishes.

services identified in the accounts.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	In determining the charity’s activities the trustees have had regard to the Charity Commission’s guidance on public benefit.

Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:
	SORP reference
Policy on grant making	Para 1.38
Policy on social investment including program related investment	Para 1.38
Contribution made by volunteers	Para 1.38
Other

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	During the year under review the charity made grants totalling £183,000 to the following charities RNLI £30,000 Cancer Research UK £30,000 PDSA £30,000 British Heart Foundation £30,000 Parkinsons Disease Society of UK £31,500 World Horse Welfare Trust £31,500
Additional information (optional) You may choose to include further statements where relevant about:
Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41
Other

Financial Review

Review of the charity’s financial position at the end of the period	Para 1.21	At the end of the reporting period the charity had free reserves of £30,503 (2022: £69,706). In addition to the free reserves the charity has bank balances of £17,369 (2022: £45,587) and investments valued at £2,300,761 within the expendable endowment fund. The Trustees pursue a policy of maintaining a free reserve available to be spent in the furtherance of the charity’s objectives as well as covering future needs, opportunities, contingencies and risks.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22
Amount of reserves held	Para 1.22
Reasons for holding zero reserves	Para 1.22
Details of fund materially in deficit	Para 1.24
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23

Additional information (optional) You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including any fundraising)	Para 1.47

Investment policy and objectives including any social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46
Other		Expendable endowment funds are those which are required to be invested to produce income but which may be transferred to unrestricted funds at the discretion of the trustees in order that they may be expended in furtherance of the charity’s objectives. Unrestricted income funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Trust deed dated 20 May 1996.
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Trust
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Trustees are appointed by existing trustees.

Additional information (optional) You may choose to include further statements where relevant about: Policies and procedures adopted for the induction and training of trustees Para 1.51 The charity’s organisational structure and any wider network with which the charity works Para 1.51

Relationship with any related parties	Para 1.51	No trustee received any remuneration nor reimbursed any expenses in the year under review. During the year Ludlow Trust Company were paid fees for trust administration services of £10,101. These fees are authorized under clause 6 of the trust deed.
Other

Reference and Administrative details

Charity name	The Harry Bacon Foundation
Other name the charity uses
Registered charity number	1056500
Charity’s principal address	Trustees Department 1stFloor, Tower Wharf Cheese Lane, Bristol BS2 0JJ

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8	Trustee name	Office (if any)	Dates acted if not for whole **year **	Name of person (or body) entitled to appoint trustee (ifany)
	Ludlow Trust CompanyLimited

9 10 11 12 13 14 15 16 17 18 19 20

– Corporate trustees names of the directors at the date the report was approved Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects

Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)
Type of adviser Name Address
Investment Managers	NatWest Bank Plc	440 The Strand, London, WC2R 0QS
Bankers	NatWest Bank Plc	440 The Strand, London, WC2R 0QS
Accountants	KJF Accounting Limited	17 Sheringham Avenue, Southgate, London, N14 4UB

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s)

Full name(s) Chris Thurlow on behalf of Ludlow Trust Company Limited Position (eg Secretary, Chair, etc) Date

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examinerfs Report Report to the trusteesl members of The Harry Bacon Foundation On accounts for the year ended 20th May 2023 Charity no lif any) 10565CHJ Set out on pages 1 to2 I report to the trustees on my examination of the accounts of the above charity I'the Trust.) for the year ended 20" May 2023. Responsibllitles and As the charity trustees of the Trusl. YC￿ are ￿spOnSible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 {'the Acf.). I report in respect of my examination of the Twst's accounts carried out under section 145 of the 2011 Act and in carying out my examinalion, I have followed the applicable Directions given by the Charity Commission under section 14515)(b) of the Act. I have completed my examination. I confimi that no material Matters have come to my attention in connection wlh the examination which gives me cause to believe that in. any malerial respect.. accounting records were not kept in accordance wth section 130 of the Act or the ac¢ounts do not accord the accounting records Independent examiner's statement I have no concems and have come across no other matters in connection with the examinats'on to which attents'on should be drawn in order to enable a proper understanding of the accounts to be reached. Slgned: Date: 14-2 Name: Mr Keith Felton Relevant professional qualification{s} or body (if any): ACCA Address: KJF Accounts'ng Ltd, 17 Sheringham Avenue, Southgat8, London N14 4UB Section B Disclosure Only complete if the examiner needs to highlight matters of concem (see CC32, Independent examination of charity acGounts= direclions and guidance for examiners)- IER October 2018

Give here brlef details of any items that the examiner wishes to dlsclose. IER October 2018

2024-02-26BaconFound-Accounts

Final Audit Report

2024-02-26

Created: 2024-02-26 By: Marta Kurpickaja ([e-mail]) Status: Signed Transaction ID: CBJCHBCAABAADAFbcAy60NvHrX-chmNIImmUpqaHWmOj

"2024-02-26BaconFound-Accounts" History

Document created by Marta Kurpickaja ([e-mail])

2024-02-26 - 9:43:32 AM GMT- IP address: 195.70.87.234

Document emailed to Chris Thurlow ([e-mail]) for signature 2024-02-26 - 9:44:08 AM GMT

Email viewed by Chris Thurlow ([e-mail])

2024-02-26 - 9:45:02 AM GMT- IP address: 104.47.20.254

Document e-signed by Chris Thurlow ([e-mail])

Signature Date: 2024-02-26 - 9:45:11 AM GMT - Time Source: server- IP address: 90.204.3.85

Agreement completed.

2024-02-26 - 9:45:11 AM GMT