2023-03-31-accounts

The Patricia Routledge Foundation 1077862 Receipts and payments accounts CC16a For the period Period start date Period end date To from 01.04.2022 31.03.2023

Section A Receipts and payments

A1 Receipts	Unrestricted funds to the nearest £ - 63,237 346 - - - - - 63,584 - - - 63,584 56,625 - - - - 56,625 - - - 56,625 6,959 1,757 8,715	Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - -	Endowment funds to the nearest £ 100,000 - 1,460 25,000 - - - - 126,460 2,003,945 - 2,003,945 2,130,405 246,500 14,603 21,068 780 - - - - - 282,951 2,011,428 - 2,011,428 2,294,379 - 163,974 400,310 236,336	Total funds to the nearest £ 100,000 63,237 1,806 25,000 - - - - 190,044 2,003,945 - 2,003,945 2,193,989 303,125 14,603 21,068 780 - - - - - 339,576 2,011,428 - 2,011,428 2,351,004 - 157,015 - 402,066 245,051	Last year to the nearest £
Donations	-				100,000
Investment income	63,237				48,175
Bank interest	346				120
Gift aid	-				-
	-				-
	-				-
	-				-
	-				-
Sub total(Gross income for AR)	63,584				148,295
A2 Asset and investment sales, (see table).
Sale of investments	-				2,278,815
	-				-
Sub total	-				2,278,815
Total receipts A3 Payments
					2,427,110
Grants awarded	56,625				235,925
Investment management fees (VAT inclusive)					13,358
Trust administration fees (VAT inclusive)					16,306
Independent Examiners fees					780
Legal fees					300
	-				-
	-				-
	-				-
	-				-
**Sub total **	56,625				266,669
A4 Asset and investment purchases, (see table)
Investmentpurchases	-				2,223,742
	-
**Sub total **	-				2,223,742
Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end
					2,490,411
	6,959	-	- 163,974	- 157,015	- 63,301
				-	-
	1,757		400,310	402,066	465,367
	8,715	-	236,336	245,051	402,066

CCXX R1 accounts (SS)

25/01/2024

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 £ - - 8,715 - - - 8,715 - 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 Katherine Forder on behalf of Ludlow Trust CompanyLimited	Endowment funds to nearest £
			236,336
			-
			-
			236,336
			OK
			Endowment funds to nearest £
			-
			-
			-
			-
			-
			-
			Current value (optional)
			3,040,087
			-
			-
			-
			-
			Current value (optional)
			-
			-
			-
			-
			-
			-
			-
			-
			-
			When due (optional)
			Date of approval
		Katherine Forder on behalf of Ludlow Trust CompanyLimited

CCXX R2 accounts (SS)

25/01/2024

2

Trustees’ Annual Report for the period

From 01 April 2022 To 31 March 2023

Charity name: The Patricia Routledge Foundation Charity registration number: 1077862

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 further such objects or purposes which are exclusively charitable according to the law of England and Wales as the trustees shall think fit.
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) Youmay choose toincludefurtherstatementswhererelevant about:	Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant about:	Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant 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 to 113 charities totalling £303,125.

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

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 £8,715 (2022: £1,757). In addition to the free reserves the charity has bank balances of £236,336 (2022: £400,309) and investments valued at £3,040,087 within the expendable endowment fund.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	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.
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 Expendable endowment funds are those which are required to be invested to produce Other 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 31 March 1999 as amended by deed dated 24.09.1999 as amended by scheme dated 05.06.2012 and as amended by deeds dated 13.11.2013 and 13.09.2021.
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 bodyentitled	Para 1.25	Trustees are appointed by the founder during her lifetime and subject to this by the trustees.

to appoint one or more 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 £21,068 for trust administration services during the year under review. These fees are authorized under clause 5.2 of the trust deed.
Other

Reference and Administrative details

Charity name	The Patricia Routledge Foundation
Other name the charity uses
Registered charity number	1077862
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)
	Dame K P Routledge
	Rev Canon T D Nason
	Mrs S W Simmons
	Mr M A Sims
	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

Funds held as custodian trustees on behalf of others

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of adviser Name Address	Type of adviser Name Address	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) Katherine Forder on behalf of Ludlow Trust Company Limited Position (eg Secretary, Chair, etc) Date

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of The Patricia Routledge Foundation On accounts for the year ended 3131 March 2023 Charity no lif any) 1077862 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 31. March 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 Ihe Charities Act 2011 ("the Act"). I report in respect of my examination of the Trust's accounts carried out under s8Ction 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}Ibl of the Act. I have completed my examination. l Confim that no material matters have come to my attention in connection with the examination which givas m8 causè to believe that in, any material respect.. accounting records were nol kept in accordance wth section 130 of the Act or the accounts do not accord with the accounting records Independent examiner's statement I have no concems and have come across no other malters in connection with the examination to which attention should be drawn in order to enable proper understanding of the accounts to be reached. Signed: Date: zg-i-zo Name.. Mr Keith Felton Relevant professional qualificationls) or body lif 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 concem (see CC32, Independent examination of charity accounts.. directions and guidance for examiners). IER October 2018

Glve here brief detalls of any items that the examlner wlshes to dlsclose. IER October 2018