2022-01-06-accounts - Miss Patricia Ann Herberts Charitable Trust

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Trustees' Annual Report for the period

	Period start date	Period start date			Period end date	Period end date
	Day	Month	Year		Day	Month	Year
From	07	January	2021	To	06	January	2022

Section A Reference and administration details

Charity name Miss Patricia Ann Herbert Charitable Trust

Other names charity is known by

Registered charity number (if any) 1078897

Charity's principal address	Trustee Department	Trustee Department
	1stFloor, Tower Wharf
	Cheese Lane, Bristol
	Postcode	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)
	National Westminster Bank Plc		To 06 April 2021
	Ludlow Trust CompanyLimited		From 06 April 2021

Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year

TAR

March 2012

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
Solicitors	Hugh James	Hodge House, 114-116 St Mary Street, Cardiff, CF10 1DY
Independent examiner	Geoffrey Frost	Blue Spire Limited, Cawley Priory, South Pallant Chichester, West Sussex, PO19 1SY

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

Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document

Trust deed dated 6 January 1999

(eg. trust deed, constitution)

How the charity is constituted

Trust

(eg. trust, association, company)

Trustee selection methods

Trustees are appointed by the existing trustees.

(eg. appointed by, elected by)

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

policies and procedures adopted for the induction and training of trustees;
the charity’s organisational structure and any wider network with which the charity works;
relationship with any related parties;
trustees’ consideration of major risks and the system and procedures to manage them.

Section C Objectives and activities

Summary of the objects of the charity set out in its governing document

The Trustees shall hold the capital and income of the Trust Fund upon trust to apply the income and all or such part or parts of the capital at such time or times and in such manner to or for the benefit of such exclusively charitable objects and purposes in any part of the world 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: Marie Curie Cancer Care, British Red Cross, Livability, IFAW, WWF, Sightsavers International, Enterprise Neptune, National Trust, Elimination of Leukaemia, Cancer

TAR

March 2012

Research, Royal Star & Garter Home, Stroke Association, Action on Hearing Loss, Blind Veterans UK, MIND, The Woodland Trust, Arthritis Care, Y Care International, UNICEF, Alzheimer’s Society & Alzheimer’s Research UK.

In furtherance of the charity’s objects for the public benefit the trustees provides grants in accordance with the letter of wishes. In determining the charity’s activities the trustees have had regard to the Charity Commission’s guidance on public benefit.

Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

Additional details of objectives and activities (Optional information)

You may choose to include further statements, where relevant, about:

policy on grantmaking;
policy programme related investment;
contribution made by volunteers.

TAR

March 2012

Section D Achievements and performance

Summary of the main During the year under review the charity made no grant payments. achievements of the charity during the year

TAR

March 2012

Section E Financial review

Brief statement of the

charity’s policy on reserves

At the end of the reporting period the charity had free reserves amounting to £29,575 (2021: £7,384).

In addition to the free reserves the charity has bank balances of £36,447 (2021: £9,987) and investment assets of £1,423,686 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.

Details of any funds materially

in deficit

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

the charity’s principal sources of funds (including any fundraising);
how expenditure has supported the key objectives of the charity;
investment policy and objectives including any ethical investment policy adopted.

Section F Other optional information

Section G Declaration

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 03/11/2022

TAR

March 2012

Charity Name No (if any) Miss Patricia Ann Herbert Charitable Trust 1078897 Receipts and payments accounts CC16a For the period Period start date Period end date To from 07 January 2021 06 January 2022

Section A Receipts and payments

A1 Receipts	Unrestricted funds to the nearest £ 22,191 24 - - - - - - 22,215 - - - 22,215 - - - 630 2,941 - - - - 3,571 - - - 3,571 18,644 3,547 7,384 29,575	Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Endowment funds to the nearest £ - - - - - - - - - 720,759 - 720,759 720,759 - 13,648 - - - - - - - 13,648 677,104 - 677,104 690,752 30,007 (3,547) 9,987 36,447	Total funds to the nearest £ 22,191 24 - - - - - - 22,215 720,759 - 720,759 742,974 - 13,648 - 630 2,941 - - - - 17,219 677,104 - 677,104 694,323 48,651	Last year to the nearest £
Income from investments	22,191				18,743
Income from bank interest	24				37
Legacies	-				23,263
	-				-
	-				-
	-				-
	-				-
	-				-
*Sub total*(Gross income for AR)	22,215				42,043

A2 Asset and investment sales, (see table).
Sale of investments	-				762,269
	-				-
*Sub total*	-				762,269
*Total receipts* A3 Payments
					804,312

Grants awarded	-				21,000
Inv mgmt and admin	-				20,602
Independent examiner	-				740
Accountancyfees	630				-
Administrative services	2,941				-
	-				-
	-				-
	-				-
	-				-
**Sub total **	3,571				42,342

A4 Asset and investment purchases, (see table)
Investmentpurchases	-				787,283
	-
**Sub total **	-				787,283
*Total payments* *Net of receipts/(payments)* A5 Transfers between funds A6 Cash funds last year end **Cash funds this year end **
					829,625

	18,644	-	30,007	48,651	(25,313)
	3,547	-	(3,547)	-	-
	7,384	-	9,987	17,371	42,684
	29,575	-	36,447	66,022	17,371

CCXX R6 accounts (SS)

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 B3 Investment assets B4 Assets retained for the charity’s own use B5 Liabilities	(agree balances with receipts and payments account(s)) Details Capital account Income account *Total cash funds* Details Details Investment portfolio Details Details Inv mgmt and admin Independent examination Administrative services Signature	Unrestricted funds Restricted funds to nearest £ to nearest £ - - 29,575 - - 29,575 - 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) Endowment 1,833 Unrestricted 780 Unrestricted 1,635 - - Print Name Chris Thurlow On behalf of Ludlow Trust Company Limited	Endowment funds to nearest £
			36,447
			-
			-
			36,447
			OK
			Endowment funds to nearest £
			-
			-
			-
			-
			-
			-
			Current value (optional)
			1,423,686
			-
			-
			-
			-
			Current value (optional)
			-
			-
			-
			-
			-
			-
			-
			-
			-
			When due (optional)





			Date of approval
			03/11/2022

CCXX R7 accounts (SS)

Section C Notes to the Accounts

C1 Nature and purpose of funds (may be Expendable endowment funds are those which are required to be invested to produce income but which may be stated on analysis of funds worksheets) 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. C2 Grants to institutions Recipient - 1 grant unless annotated £ - C3 Related party transactions No trustee received any remuneration nor reimbiursed any expenses in the year under review. During the year under review National Westminster Bank Plc, a trustee of the charity to April 2021, were paid fees for the provision of administration and investment management services amounting to £10,654 whilst a trustee. Ludlow Trust Company Limited was appointed as a trustee in April 2021 and paid fees for administrative services amounting to £2,941 to the reporting date. These fees are authorised under clause 13 of the trust deed.

CCXX R8 accounts (SS)

Independent Examiner's Report to the Trustees of Miss Patricia Ann Herbert Charitable Trust

I report to the charity trustees on my examination of the accounts of the charity for the year ended 6 January 2022 as set out on pages 6 to 8.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

03/11/2022 Geoffrey Frost BSc(Hons) FCA Date Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY