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|||||Page|
|---|---|---|---|---|
|General|Information||||
|Trustees'|Report||||
|Independent
Examiner's|||Report||
|Statement ofFinancial|||Activities||
|Balance|Sheet||||
|Notes to|the Financial|Statements|||
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|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||||
|ACCOUNTANTS:||Nevill
Hovey
EcCo||||
|||Chartered
Accountants||||
|||Queens Acre||||
|||Boyton||||
|||Launceston
PL15 9RJ||||
|BANKERS:||Handelsbanken
PLC||||
|||Windrush
Court||||
|||Abingdon
Business|Park|||
|||Abingdon
OX14
ISY||||
|INVESTMENT MANAGERS:||Ruffer Investment
Manage|||ent Limited|
|||80 Victoria Street||||
|||London SWIE5JL||||
|||Church
House Investments|||imited|
|||21 Grosvenor
Street||||
|||London WIK 4QJ||||
||Page I|||||
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|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:||||||||||||||||
|~
Review the Trust's
investments|on a regular||basis; and|||||||||||||
|~
Consider alternative
investments||as opportunities||arise.||||||||||||
|Grant making
policies||||||||||||||||
|The grant making
policies ofthe Trustees are to;||||||||||||||||
|~
Consider each application
for financial
assistance||||on its merits; and||||||||||||
|~
Support local charities.||||||||||||||||
|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;||||||||||||||||
|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||||||||||||||||
|Charitable
activities undertaken||||||||||||||||
|'I he Trustees have continued
their operations
ol'making
grants and||||donations
to other|||||charitable|||bo|ies.|||
|Investment
performance
v. investment
objectives||||||||||||||||
|The Trustees keep the investment
performance of|both Ruffer||Investment|||Management|||Limited|||an|Church|House||
|Investments
Limited
under regular review.||||||||||||||||
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|||||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|
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|||||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|
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