| The Lidbury Family Trust | The Lidbury Family Trust | The Lidbury Family Trust | 1078511 | 1078511 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Receipts andpayments accounts | CC16a | |||||||||
| For the period from ~~ee~~ |
Period start date 03.08.2022 ~~ee ~~ |
To ~~ee~~ |
Period end date 02.08.2023 |
|||||||
| 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 | 92,217 | - | - | 92,217 | 63,078 | |||||
| Bank interest | 600 | - | 2,502 | 3,102 | 115 | |||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| Sub total(Gross income for AR) |
(Gross income for AR) 92,817 |
- | 2,502 | 95,319 | 63,193 | |||||
| A2 Asset and investment sales, (see table). Sale of investments - - 1,445,118 1,445,118 2,085,036 - - - - - Sub total - - 1,445,118 1,445,118 2,085,036 Total receipts 92,817 - 1,447,619 1,540,437 2,148,229 ~~S555~~ |
||||||||||
| A3 Payments | ||||||||||
| Grants awarded | 30,000 | - | 393,404 | 423,404 | 60,000 | |||||
| Investment manager fees(includingVAT) | - | - | 17,410 | 17,410 | 40,875 | |||||
| Trust administration fees(includingVAT) | - | - | 15,580 | 15,580 | - | |||||
| Bank charges | - | - | 18 | 18 | 90 | |||||
| Independent Examiner fee | - | - | 780 | 780 | 780 | |||||
| Cash management fees | 67 | - | - | 67 | - | |||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| **Sub total ** | 30,067 | - | 427,193 | 457,260 | 101,745 | |||||
| A4 Asset and investment purchases, (see table) Investmentpurchases - - 1,157,285 1,157,285 1,961,961 - - - - Sub total - - 1,157,285 1,157,285 1,961,961 Total payments 30,067 - 1,584,477 1,614,544 2,063,706 Net of receipts/(payments) 62,750 - - 136,858 - 74,108 84,523 A5 Transfers between funds - 99,615 - 99,615 - - A6 Cash funds last year end 61,463 - 107,922 169,385 84,862 Cash funds this year end 24,598 - 70,679 95,277 169,385 ~~—————_—~~ ~~=====>>~~ |
CCXX R1 accounts (SS)
18/04/2024
1
Section B Statement of assets and liabilities at the end of the period
| Unrestricted Restricted |
Endowment | ||||
|---|---|---|---|---|---|
| Categories | Details | funds funds |
funds | ||
| to nearest £ to nearest £ |
to nearest £ | ||||
| B1 Cash funds | - - 70,679 24,598 - - - - - 24,598 - 70,679 Total cash funds Capital account Income account ~~<==~~ |
||||
| (agree balances with receipts and payments | (agree balances with receipts and payments | ||||
| account(s)) | OK OK |
OK | |||
| Unrestricted Restricted |
Endowment | ||||
| funds funds |
funds | ||||
| Details | to nearest £ to nearest £ |
to nearest £ | |||
| B2 Other monetary assets | - - - - - - - - - - - - - - - - - - ~~—_—~~ |
||||
| Details | Fund to which asset belongs Cost (optional) |
Current value (optional) |
|||
| B3 Investment assets | Endowment - 3,413,059 - - - - - - - - Investment portfolio ~~—=——~~ |
||||
| Details | Fund to which asset belongs Cost (optional) |
Current value (optional) |
|||
| B4 Assets retained for the charity’s own use |
- - - - - - - - - - - - - - - - - - ~~aa~~ |
||||
| Fund to which Amount due |
When due | ||||
| Details | liability relates (optional) |
(optional) | |||
| Signed by one or two trustees on behalf of all the trustees B5 Liabilities CCXX R2 accounts (SS) |
- - - - - Date of approval Print Name Chris Thurlow on behalf of Ludlow Trust CompanyLimited Signature 2 18/04/2024 ~~—~~ |
Trustees’ Annual Report for the period
From 03 August 2022 To 2 August 2023
Charity name: The Lidbury Family Trust
Charity registration number: 1078511
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The objectives of the Trust are to further such objects or purposes which are exclusively charitable according to the law of England and Wales in any part of the world and in such manner as the Trustees may in their absolute discretion 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. |
| 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 | |
|---|---|
| Para 1.38 | |
| Policy on grant making | |
| Para 1.38 | |
| Policy on social investment | |
| including program related | |
| investment | |
| Para 1.38 | |
| Contribution made by | |
| volunteers |
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 eight institutions totalling £423,404. |
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 reserves of £24,599 (2022: £61,463). In addition to the free reserves the charity has bank balances of £70,679 (2022: £107,922) and investments valued at £3,413,059 within the 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 Para 1.47 any fundraising) Investment policy and objectives including any Para 1.46 social investment policy adopted
| 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 2 August 1999 as amended by resolution 9 April 2020. |
| 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 deed by the settlor and subsequent trustees. |
Additional information (optional) You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works
| Relationship with any related parties |
Para 1.51 | |
|---|---|---|
| Other |
Reference and Administrative details
| Charity name | The Lidbury Family Trust |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1078511 |
| 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 20 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Ludlow Trust Company Limited |
||||
– 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)
| Type of adviser | Name | Address |
|---|---|---|
| Investment Managers | NatWest Plc | 2ndFloor, Trinity Quay II, Avon Street, Bristol BS2 2DH |
| Bankers | NatWest Plc | 2ndFloor, Trinity Quay II, Avon Street, Bristol BS2 2DH |
| Solicitors | ||
| Independent Examiner | 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) Chris Thurlow on behalf of Ludlow Full name(s) ~~a~~ 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 Examiner's Report Report to the trusteesl members of The Lidbury Family Trust On accounts for the year ended 2nd August 2023 Charity no (if any) 1078511 Set out on pages 1 to2 I report to the trustees on my examination of the accounts of the above nd charity {"the Trust") for the year ended 2 August 2023. Responsibilitie5 and As the charity truslees 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 1"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 14515)(bl of the Act. I have completed my examination. I confim that no material matters have come to my attention in connection with the examination which gives me cause to believe Ihat in, any material respect.. accounting records were not kept in accordance with section 130 of the Acl or the accounts do not accord with the acwunting 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 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 details of any items that the examiner wishes to disclose. IER October 2018
2024-04-29Lidbury-Accounts
Final Audit Report
2024-04-29
Created: 2024-04-29 By: Estera Rzepus (Estera.Rzepus@ludlowtrust.com) Status: Signed Transaction ID: CBJCHBCAABAA8ynENSywkEDoZQmnHCPIHunhV9V_tB5W
"2024-04-29Lidbury-Accounts" History
- Document created by Estera Rzepus (Estera.Rzepus@ludlowtrust.com)
2024-04-29 - 1:56:16 PM GMT
Document emailed to Chris Thurlow (chris.thurlow@ludlowtrust.com) for signature 2024-04-29 - 1:56:20 PM GMT
-
Email viewed by Chris Thurlow (chris.thurlow@ludlowtrust.com) 2024-04-29 - 2:06:00 PM GMT
-
Document e-signed by Chris Thurlow (chris.thurlow@ludlowtrust.com) Signature Date: 2024-04-29 - 2:06:28 PM GMT - Time Source: server
Agreement completed.
2024-04-29 - 2:06:28 PM GMT