| The Harry Bacon Foundation | The Harry Bacon Foundation | The Harry Bacon Foundation | 1056500 | 1056500 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receipts andpayments accounts | CC16a | |||||||||||
| For the period from ~~ee~~ |
21.05.2023 Period start date |
20.05.2024 Period end date To ~~e~~ |
||||||||||
| Section A Receipts and payments | Section A Receipts and payments | |||||||||||
| Unrestricted funds |
Restricted funds |
Endowment funds |
Total funds | Last year | ||||||||
| to the nearest £ | to the nearest £ | to the nearest £ | to the nearest £ | to the nearest £ | ||||||||
| A1 Receipts | ||||||||||||
| Income from investments | 71,626 | - | - | 71,626 | 54,402 | |||||||
| Interest received | 2,627 | - | - | 2,627 | 1,454 | |||||||
| - | - | - | - | - | ||||||||
| - | - | - | - | - | ||||||||
| - | - | - | - | - | ||||||||
| - | - | - | - | - | ||||||||
| - | - | - | - | - | ||||||||
| - | - | - | - | - | ||||||||
| Sub total(Gross income for AR) |
(Gross income for AR) 74,253 |
- | - | 74,253 | 55,856 | |||||||
| A2 Asset and investment sales, (see table). Sale of investments - - 1,865,094 1,865,094 1,636,702 - - - - - Sub total - - 1,865,094 1,865,094 1,636,702 Total receipts 74,253 - 1,865,094 1,939,347 1,692,558 ~~S555~~ |
||||||||||||
| A3 Payments | ||||||||||||
| Grants awarded | - | - | - | - | 183,000 | |||||||
| Investment management fees (VAT | ||||||||||||
| inclusive) | - | - | 10,987 | 10,987 | 11,331 | |||||||
| Trust administration fees (VAT inclusive) | ||||||||||||
| 12,553 | - | - | 12,553 | 10,101 | ||||||||
| Cash management fees | 98 | - | - | 98 | 11 | |||||||
| Independent Examiners fees | 780 | - | - | 780 | 780 | |||||||
| Bank charges | - | - | - | - | 54 | |||||||
| - | - | - | - | - | ||||||||
| - | - | - | - | - | ||||||||
| - | - | - | - | - | ||||||||
| - | - | - | - | - | ||||||||
| **Sub total ** | 13,431 | - | 10,987 | 24,418 | 205,277 | |||||||
| A4 Asset and investment purchases, (see table) Investmentpurchases - - 1,841,224 1,841,224 1,554,702 - - - - Sub total - - 1,841,224 1,841,224 1,554,702 Total payments 13,431 - 1,852,211 1,865,642 1,759,979 ~~——————~~ |
||||||||||||
| Net of receipts/(payments) 60,822 - 12,883 73,705 - 67,421 A5 Transfers between funds 12,417 - 12,417 - - A6 Cash funds last year end 30,503 17,369 47,872 115,293 Cash funds this year end 103,742 - 17,835 121,577 47,872 ~~===>>~~ |
CCXX R1 accounts (SS)
18/02/2025
1
| Section B Statement | of assets and liabilities at the end of the period | of assets and liabilities at the end of the period | of assets and liabilities at the end of the period | |
|---|---|---|---|---|
| Categories Signed by one or two trustees on behalf of all the trustees B1 Cash funds B2 Other monetary assets B4 Assets retained for the charity’s own use B5 Liabilities B3 Investment assets |
Signature Details Details Capital account Income account Details Details Total cash funds (agree balances with receipts and payments account(s)) Details Investment portfolio ris Thurlow (Feb 26, 2025 16:13 GMT) |
Unrestricted funds Restricted funds to nearest £ to nearest £ - - 103,742 - - - 103,742 - 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 £ |
|
| 17,835 | ||||
| - | ||||
| - | ||||
| 17,835 | ||||
| OK | ||||
| Endowment funds to nearest £ |
||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| Current value (optional) |
||||
| 2,495,401 | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| Current value (optional) |
||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| When due (optional) |
||||
| Date of approval |
||||
| Chris Thurlow on behalf of Ludlow Trust CompanyLimited |
||||
| Ch | ||||
| ris Thurlow (Feb 26, 2025 16:13 GMT) |
CCXX R2 accounts (SS)
18/02/2025
2
Trustees’ Annual Report for the period
From 21 May 2023 To 20 May 2024
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 | No grants were made in the period under review. |
| 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 £103,742 (2023: £30,503). In addition to the free reserves the charity has bank balances of £17,835 (2023: £17,369) and investments valued at £2,495,401 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 £12,553. 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
==> picture [505 x 127] intentionally omitted <==
----- Start of picture text -----
Signature(s)
Chris Thurlow (Feb 26, 2025 16:13 GMT)
Full name(s) Chris Thurlow on behalf of Ludlow
Trust Company Limited
Position (eg Secretary,
Chair, etc)
Date
26/02/25
----- End of picture text -----
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of The Harry Bacon Foundation On accounts for the year ended 20th May 2024 Charity no (if any) 1056500 Set out on pages 1 to2 IroinE7inber to Iiiclode Ilie page nunibers ol ad(SitOI)hI sheelsi I report to the trustees on my examination of the accounts of the above charity ("the Trust") for the year ended 20th May 2024. Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act ). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145{5)(b) of the Act. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records Independent examiner's statement I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed: Date: Name: Mr Keith Felton Relevant professional qualification(s) or body (if any): ACCA Address: KJF Accounting Ltd, 17 Sheringham Avenue, Southgate, London N14 4UB Section B Disclosure Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts. directions and guidance for examiners). IER October 2018
Glve here brief detsils of any Items that the examiner wishes to disclose. IER October 2018
2025-02-26HBaconCT-Accounts
Final Audit Report
2025-02-26
Created: 2025-02-26 By: Marta Kurpickaja (marta.kurpickaja@ludlowtrust.com) Status: Signed Transaction ID: CBJCHBCAABAAU2vFb_Y5yUDpNHg7_kF7enKd5XU4aoze
"2025-02-26HBaconCT-Accounts" History
- Document created by Marta Kurpickaja (marta.kurpickaja@ludlowtrust.com)
2025-02-26 - 10:50:41 AM GMT
Document emailed to Chris Thurlow (chris.thurlow@ludlowtrust.com) for signature
2025-02-26 - 10:50:45 AM GMT
- Email viewed by Chris Thurlow (chris.thurlow@ludlowtrust.com)
2025-02-26 - 4:13:42 PM GMT
- Document e-signed by Chris Thurlow (chris.thurlow@ludlowtrust.com) Signature Date: 2025-02-26 - 4:13:53 PM GMT - Time Source: server
Agreement completed.
2025-02-26 - 4:13:53 PM GMT