2024-09-04-accounts - The Late Frances Crabtree Charitable Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees’ Annual Report for the period

From 05 September 2023 To 04 September 2024

Charity name: The Late Frances Crabtree Charitable Foundation Charity registration number: 1094188

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 apply the income and all or such part or parts of the capital for or towards such charitable purposes to make donations to such charitable institutions at such time or times 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
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 no grants were made.

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

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 £40,148 (2023: £7,563). In addition to the free reserves the charity has bank balances of £40,768 (2023: £9,084) and investments valued at £1,129,619 within the expendable endowment fund which can be released to support the activities of the charity.
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	Will of Mrs Frances Crabtree (deceased) dated 21 August 1995 as proved 26 July 2002.
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Will 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 trustees from time to time.

to appoint one or more trustees

Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:	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 £8,891 for trust administration services during the year under review. These fees are authorised under clause 10 of Schedule 2 of the will trust.
Other

Reference and Administrative details

Charity name	The Late Frances Crabtree Charitable Trust
Other name the charity uses
Registered charity number	1094188
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 CompanyLimited

– 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)

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	Royal Bank of Scotland	2ndFloor, Trinity Quay II, Avon Street, Bristol BS2 2DH
Bankers	Royal Bank of Scotland	2ndFloor, Trinity Quay II, Avon Street, Bristol BS2 2DH
Accountants	Blue Spire Limited	Cawley Priory, South Pallant, Chichester, PO19 1SY

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) Chris Thurlow On behalf of Ludlow Trust Company Limited Position (eg Secretary, Chair, etc) Date

CC16a 05.09.2023 04.09.2024 1094188 The Late Frances Crabtree Charitable Trust Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee ee-~~	CC16a 05.09.2023 04.09.2024 1094188 The Late Frances Crabtree Charitable Trust Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee ee-~~	CC16a 05.09.2023 04.09.2024 1094188 The Late Frances Crabtree Charitable Trust Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee ee-~~	CC16a 05.09.2023 04.09.2024 1094188 The Late Frances Crabtree Charitable Trust Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee ee-~~	CC16a 05.09.2023 04.09.2024 1094188 The Late Frances Crabtree Charitable Trust Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee ee-~~	CC16a 05.09.2023 04.09.2024 1094188 The Late Frances Crabtree Charitable Trust Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee ee-~~	CC16a 05.09.2023 04.09.2024 1094188 The Late Frances Crabtree Charitable Trust Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee ee-~~
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 £	to the nearest £
A1 Receipts
Income from investments	31,759	-	-	-	31,759	27,020
Interest received	1,417	-	-	-	1,417	926
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
*Sub total*(Gross income for AR)	(Gross income for AR) 33,176	-	-	-	33,176	27,946
A2 Asset and investment sales, (see table). Sale of investments - - 1,155,724 1,155,724 360,781 - - - - - Sub total - - 1,155,724 1,155,724 360,781 *Total receipts* 33,176 - 1,155,724 1,188,900 388,727 ~~——_———~~
A3 Payments
Grants awarded	-	-	-	-	-	56,882
Investment manager fees (including VAT)
	-	-	5	5,209	5,209	5,235
Trust administration fees (including VAT)
	8,891	-	-	-	8,891	4,662
Independent Examiners fees	780	-	-	-	780	780
Cash management fee	37	-	-	-	37	24
Bank charges	-	-	-	-	-	18
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
**Sub total **	9,708	-	5,209	5,209	14,917	67,601
A4 Asset and investment purchases, (see table) Investmentpurchases - - 1,109,715 1,109,715 345,637 - - - - Sub total - - 1,109,715 1,109,715 345,637 *Total payments* 9,708 - 1,114,924 1,124,632 413,238 ~~—————~~
*Net of receipts/(payments)* 23,468 - 40,801 64,269 - 24,511 A5 Transfers between funds 9,117 - - 9,117 - - A6 Cash funds last year end 7,563 - 9,084 16,647 41,158 *Cash funds this year end* 40,148 - 40,768 80,916 16,647 ~~SS]'=>~~

CCXX R10 accounts (SS)

17/07/2025

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 Details *Total cash funds* (agree balances with receipts and payments account(s)) Details Capital account Income account Details Signature	Unrestricted funds Restricted funds to nearest £ to nearest £ - - 40,148 - - - 40,148 - 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 Chris Thurlow on behalf of Ludlow Trust CompanyLimited	Endowment funds to nearest £
			40,768
			-
			-
			40,768
			OK
			Endowment funds to nearest £
			-
			-
			-
			-
			-
			-
			Current value (optional)
			1,129,619
			-
			-
			-
			-
			Current value (optional)
			-
			-
			-
			-
			-
			-
			-
			-
			-
			When due (optional)






			Date of approval
		Chris Thurlow on behalf of Ludlow Trust CompanyLimited

CCXX R11 accounts (SS)

17/07/2025

Independent Examiner's Report to the Trustees of The Late Frances Crabtree Charitable Trust

I report to the charity trustees on my examination of the accounts of the charity for the year ended 04 September 2024 which are set out on pages 10 to 11.

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.

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

Charities Independent Examination Manual

17/07/2025