2023-01-06-accounts

	The Kathleen Smith Foundation	The Kathleen Smith Foundation	The Kathleen Smith Foundation	1060505	1060505	CC16a
	For the period from	07.01.2022 Period start date	To		06.01.2023 Period end date
Section A Receipts and payments
A1 Receipts	Unrestricted funds to the nearest £ 41,076 - - - - - - 41,076 - - - 41,076 60,000 - - - - 60,000 - - - 60,000 - 18,924 54,864 35,940	Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - -	Endowment funds to the nearest £ 830 - - - - - 830 1,975,917 - 1,975,917 1,976,747 13,224 11,786 780 108 - - - - 25,898 1,948,708 - 1,948,708 1,974,606 2,141 73,708 75,849		Total funds to the nearest £ 41,076 830 - - - - - - 41,906 1,975,917 - 1,975,917 2,017,823 60,000 13,224 11,786 780 108 - - - - 85,898 1,948,708 - 1,948,708 2,034,606 - 16,783 - 128,572 111,789	Last year to the nearest £
Income from investments	41,076					44,665
Interest received						51
	-
	-
	-					-
	-					-
	-					-
	-					-
Sub total(Gross income for AR)	41,076					44,716
A2 Asset and investment sales, (see table).
Sale of investments	-					1,454,642
	-					-
Sub total	-					1,454,642
Total receipts A3 Payments
						1,499,358
Grants awarded	60,000					-
Investment manager fees (VAT inclusive)						27,382
Trust administration fees (VAT inclusive)						5,928
Independent examiners fee						780
Bnak charges
	-					-
	-					-
	-					-
	-					-
**Sub total **	60,000					34,090
A4 Asset and investment purchases, (see table)
Investmentpurchases	-					1,365,842
	-
**Sub total **	-					1,365,842
Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end
						1,399,932
	- 18,924	-	2,141		- 16,783	99,426
					-	-
	54,864		73,708		128,572	29,146
	35,940	-	75,849		111,789	128,572

CCXX R1 accounts (SS)

09/11/2023

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 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 portoflio	Unrestricted funds Restricted funds to nearest £ to nearest £ - - 35,940 - - - 35,940 - 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	Endowment funds to nearest £
			75,849
			-
			-
			75,849
			OK
			Endowment funds to nearest £
			-
			-
			-
			-
			-
			-
			Current value (optional)
			2,447,673
			-
			-
			-
			-
			Current value (optional)
			-
			-
			-
			-
			-
			-
			-
			-
			-
			When due (optional)
			Date of approval
		Chris Thurlow

CCXX R2 accounts (SS)

09/11/2023

2

Trustees’ Annual Report for the period

From 07 January 2022 To 06 January 2023 Charity name: The Kathleen Smith Foundation Charity registration number: 1060505

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, and all or such parts of the capital, to or for the benefit of such exclusively charitable purposes in any part of the world and in such manner as the Trustees may in their absolute discretion think fit. The Trustees will take into account the Letter of Wishes, which requests that consideration be given to benefit the following charities: Benenden Hospital Field Land Foundation Barnardos The Horder Centre RNIB RNLI Musicians Benevolent Fund National Trust Save the Children Moorfields Eye Hospital MacMillan Cancer Support Cancer Research UK St Christopher’s Hospice Eltham College British Red Cross

		CLIC Sargent (formerly Malcol Sargent Cancer Fund)
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	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.
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:
	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 grant awards to British Red Cross and Help Musicians of £30,000 each.

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 £35,940 (2022: £54,864). In addition to the free reserves the charity has bank balances of £75,848 (2022: £73,709) and investments valued at £2,447,673 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 6 January 1997
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 the 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 or was reimbursed any expenses in the year under review. Ludlow Trust Company Limited was paid £11,804 for trust administration services during the year under review. These fees are authorized under clause 6 of the trust deed.
Other

Reference and Administrative details

Charity name	The Kathleen Smith Foundation
Other name the charity uses
Registered charity number	1060505
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 9 10 11 12 13 14 15 16 17 18 19	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

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	Coutts & Co	440 The Strand, London, WC2R 0QS
Bankers	Coutts & Co	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 Position (eg Secretary, Chair, etc) Date

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 Kathleen Smith Charitable Foundation On accounts for the year ended 6 January 2023 Charity no (if any) 1 Cfj0505 Set out on pages 1 to2 I report to the trustees on my examination of the accounts of the above charity ("the Trust") for the year ended 6 ' January 2023. 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 Charitiès Act 2011 ("Ihe Act"). I report in respect of my examination of the Trust's accounts carried out undef section 145 of the 2011 Act and in carying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145{5llbl of the Act. I have completed my exarnination. I confirm that no material matters have comè 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 wlh section 130 of the Act or the a¢counts do not accord with the accounting records Independent examiner's statement I have no concems 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 qualificationlsl or body lif any): ACCA Address: KJF Accounting Ltd, 17 Sheringham Avenue, Southgate, London N14 4UB IER October 2018

Section B Disclosure Only complete if the examiner needs to highlight matters of concem (see CC32, Independent examination of charity accounts." directions and guidance for examiners). Give here brief details of any items that the examiner wishes to disclose. IER October 2018

2023-11-14KSmithAccounts

Final Audit Report

2023-11-14

Created: 2023-11-14 By: Marta Kurpickaja ([e-mail]) Status: Signed Transaction ID: CBJCHBCAABAAy6E9xpkNx4QGKNXHRVyMB1Uk7-h48zyQ

"2023-11-14KSmithAccounts" History

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

2023-11-14 - 3:29:49 PM GMT- IP address: 62.232.188.26

Document emailed to Chris Thurlow ([e-mail]) for signature 2023-11-14 - 3:30:11 PM GMT

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

2023-11-14 - 6:07:07 PM GMT- IP address: 104.47.85.62

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

Signature Date: 2023-11-14 - 6:09:22 PM GMT - Time Source: server- IP address: 31.94.36.33

Agreement completed.

2023-11-14 - 6:09:22 PM GMT