| Page | ||||
|---|---|---|---|---|
| General | Information | |||
| Trustees' | Report | |||
| Independent Examiner's |
Report | |||
| Statement ofFinancial | Activities | |||
| Balance | Sheet | |||
| Notes to | the Financial | Statements |
| SETTLEMENT DATED: | 31 December 2000 | ||||
|---|---|---|---|---|---|
| SETTLOR: | R W C Cooke Esq | ||||
| TRUSTEES: | R W C Cooke Fsq | ||||
| IV1rs C M Cooke | |||||
| P SVaines Esq | |||||
| CHARITY REGISTRATION | NUMBI | 1085916 | |||
| ADDRESS: | c/o Neviil Hovey & | Co | |||
| Queens Acre | |||||
| Boyton | |||||
| Launceston | |||||
| Corn wall | |||||
| PL15 9RJ | |||||
| OBJECTS: | The advancement and |
supp | rt of | ||
| primary education |
in | Great | Britain | ||
| The relief ofpoverty | anywh | re in | |||
| the world | |||||
| Such other charitable | purpo | es as | |||
| the trustees shall think fit |
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| ACCOUNTANTS: | Nevill Hovey EcCo |
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| Chartered Accountants |
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| Queens Acre | |||||
| Boyton | |||||
| Launceston PL15 9RJ |
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| BANKERS: | Handelsbanken PLC |
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| Windrush Court |
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| Abingdon Business |
Park | ||||
| Abingdon OX14 ISY |
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| INVESTMENT MANAGERS: | Ruffer Investment Manage |
ent Limited | |||
| 80 Victoria Street | |||||
| London SWIE5JL | |||||
| Church House Investments |
imited | ||||
| 21 Grosvenor Street |
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| London WIK 4QJ | |||||
| Page I |
| OBJECTSAND ACTIVITIES | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Objects | |||||||||||||||
| It is the object ofthe charity to apply its resources, |
at the discretion | ofthe Trustees, | to | or for: | |||||||||||
| 1he advancement and support ofprimary |
education | in Great Britain. | |||||||||||||
| The relief ofpoverty anywhere in the world including but |
noi limited to those in circumsta | ces oi'extreme | need | ||||||||||||
| bv reason ofwar or civil conllict. | |||||||||||||||
| Such other charities or charitable purposes |
as the Trustees | shall | in their absolute discretion | think fit. | |||||||||||
| Aims | |||||||||||||||
| The aims ofthe Trustees are, taking one year with | another, to | distribute | a substantial | proportion | oft | e net income | ofthe | ||||||||
| charity. | |||||||||||||||
| Objectives | |||||||||||||||
| The objectives ol'the Trustees are continually to improve the |
quality of | the Trust's | assets and | the re | urn therefrom | both in | |||||||||
| terms ofannual income and in terms ofcapital value, so that, |
over time, | increasing | donations | may b | made io charity. | ||||||||||
| Strategies | |||||||||||||||
| 'I he strategies ofthe 1'rustees are to: | |||||||||||||||
| ~ Improve the return l'rom the 1rust's assets: |
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| ~ Review the Trust's investments |
on a regular | basis; and | |||||||||||||
| ~ Consider alternative investments |
as opportunities | arise. | |||||||||||||
| Grant making policies |
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| The grant making policies ofthe Trustees are to; |
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| ~ Consider each application for financial assistance |
on its merits; and | ||||||||||||||
| ~ Support local charities. |
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| PUBLIC BENEFIT | |||||||||||||||
| 'I aking fully into account the above objects. aims, |
objectives, | strategies | and grant making policies„ t | e Trustees have | |||||||||||
| concluded that the trust meets the public benetit requirement |
because: | ||||||||||||||
| 1. The benetits that arise from the trust's aims are that |
the trust is | able to make | grants | and | do | ations to | other | ||||||||
| charities: | |||||||||||||||
| 2. The trust's aims intend to benefit other charities; |
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| 3. There are no restrictions on who can have |
the opportunity | to benefit„and | |||||||||||||
| 4. Nobody receives any private benefit from |
the trust. | ||||||||||||||
| ACHIEVEMENTS AND PERFORMANCE |
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| Charitable activities undertaken |
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| 'I he Trustees have continued their operations ol'making grants and |
donations to other |
charitable | bo | ies. | |||||||||||
| Investment performance v. investment objectives |
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| The Trustees keep the investment performance of |
both Ruffer | Investment | Management | Limited | an | Church | House | ||||||||
| Investments Limited under regular review. |
| Unrestricted | Permanent | otal | Total | |||||
|---|---|---|---|---|---|---|---|---|
| Income | Endowment | unds | Funds | |||||
| Fund | Fund | Ye | r ended | Year ended | ||||
| 5A | ril 2023 | 5 April 2022 | ||||||
| INCOME FROM: | Notes | |||||||
| Investments | 59,339 | 59,339 | 38,053 | |||||
| TOTAL INCOME | 59,339 | 59,339 | 38,053 | |||||
| EXPENDITURE ON: | ||||||||
| Donations | I05,000 | 105,000 | 35,000 | |||||
| Other | I2,416 | 12,416 | 12,420 | |||||
| TOTAL EXPENDITURE | 117,416 | 117,416 | 47,420 | |||||
| NET (LOSSES)GAINS ON INVESTMENTS | (320,145) | 320,145) | 78,484 | |||||
| NET MOVEMENT | IN FUNDS | (58,078) | (320,145) | 378,223) | 69,117 | |||
| RECONCILIATION | OF FUNDS | |||||||
| I'ofal I'unds brought | forward | 205,722 | 4.859,163 | ,064,885 | 4,995,768 | |||
| TOTAL FUNDS CARRIED FORWARD | 147,644 | 4,539,018 | 4 | 686,662 | 5,064,885 |
| THE COOKE | THE COOKE | THE COOKE | THE COOKE | THE COOKE | THE COOKE | CHARITABLE TRUST | CHARITABLE TRUST | CHARITABLE TRUST | CHARITABLE TRUST | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CHARITY | NUMBER | ]085916 | |||||||||||||
| NOTES | TO THE FINANCIAL | STATEMENTS | |||||||||||||
| FOR | THE | YEAR ENDED | 5APRIL 2023 | ||||||||||||
| 5 | DONATIONS | 2023 | 2022 | ||||||||||||
| Ark T Centre | 15,000 | 10,000 | |||||||||||||
| Medecins Sans Frontieres |
50,000 | ||||||||||||||
| Medical Aid | for Palestians | 20,000 | |||||||||||||
| Actionaid | 20,000 | ||||||||||||||
| Green peace | 10,000 | ||||||||||||||
| Water Harvest | 10,000 | ||||||||||||||
| Seenaryo | 5,000 | ||||||||||||||
| 105,000 | 35,000 | ||||||||||||||
| 6 | OTHER COSTS | ||||||||||||||
| Accountancy | 1,800 | 1,700 | |||||||||||||
| Independent | examination | 800 | 800 | ||||||||||||
| Investment management charges |
9&812 | 9,915 | |||||||||||||
| Bank charges | 5 | ||||||||||||||
| 12,416 | 12,420 | ||||||||||||||
| INVESTMENTS | Cost | Market value | |||||||||||||
| UK Investment and Unit Trusts |
|||||||||||||||
| 190,863 | Church | House UK | Equity | Growth | A Inc | 360,473 | 357,677 | ||||||||
| 145,562 | Church | House Balanced | Equity | Income | A | Inc | 269,352 | 247,456 | |||||||
| 2,000 | Aberforth Smaller |
Companies | Trust | 25,459 | 24,360 | ||||||||||
| 40,510 | Church | House UK | Smaller | Companies | A | Acc | 63,397 | 53,433 | |||||||
| 32,535 | Church | House Esk | Global | Equity | A | Inc | 115,448 | 130,728 | |||||||
| 4,600 | Murray | International Trust |
51,032 | 61,732 | |||||||||||
| 6,400 | Monks | Investment | Trust | 61,388 | 60,672 | ||||||||||
| 5,550 | Scottish Mortgage | Investment | Trust | 40,728 | 35,664 | ||||||||||
| 13,000 | JPMorgan American Investment |
Trust | 67,511 | 90,870 | |||||||||||
| 36,700 | Mobius | Investment | Trust | 43,730 | 48,536 | ||||||||||
| 13,000 | Montanaro UK Smaller |
Companies | Investment | Trust | 20,121 | 13,358 | |||||||||
| 10,570 | Blackrock Greater | Euro | Investment | Trust | 47,640 | 54,964 | |||||||||
| 140,777 | Church | House investment | Grade | Fixed | Interest | 162,977 | 146,267 | ||||||||
| UK Equities | |||||||||||||||
| 120,000 | Ethical | Property Company |
117,200 | 60,000 | |||||||||||
| Absolute Return/Hedge Funds |
|||||||||||||||
| 419,416 | LFRuffer Total Return | C | lnc | 1,467,955 | 1,467,900 | ||||||||||
| 52,782 | LFRuffer Total Return | C | Acc | 296,195 | 300,076 | ||||||||||
| 95,288 | Sanlam Four Multi | Strategy Fund |
1,078,841 | 1,232,950 | |||||||||||
| 129,184 | Church | House Tenax Absolute | Return | 210,853 | 200,236 | ||||||||||
| Cash | Church | House Investment | Management | 12,141 | 12,141 | ||||||||||
| Total investments | held at 5 April 2023 | 4,512,441 | 4,599,020 | ||||||||||||
| Page | 9 |