2022-08-18-accounts - The Miss J K Stirrup Charity Trust

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Trustees' Annual Report for the period

a	A	From	From	Period start date Day 19 Month August	Period start date Day 19 Month August	Year 2021	Period end date Day 18 Month August	Period end date Day 18 Month August
Section A Reference and administration details	Section A Reference and administration details	Section A Reference and administration details	Section A Reference and administration details	Section A Reference and administration details		Section A Reference and administration details
			Charity name		Charity nameThe Miss J K Stirrup Charity Trust		The Miss J K Stirrup Charity Trust

	Other names charity is known by Registered charity number (if any)				Other names charity is known by Registered charity number (if any)1099976 ~~——~~
	Charity's principal address				Charity's principal address Trustee Department 1stFloor, Tower Wharf Cheese Lane, Bristol Postcode BS2 0JJ ~~————~~
	Names of the charity trustees who manage the charity	Names of the charity trustees who manage the charity
	Trustee name		Office (if any)		Dates acted if not for whole year			Name of person (or body) entitled to appoint trustee (ifany)
1	Ludlow Trust CompanyLimited
2	2
3	3
4	4
5	5
6	6
7	7
8	8
9	9
10	10
11	11
12	12
13	13
14	14
15	15
16	16
17	17
18	18
19	19

Section A Reference and administration details

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

~~—_———~~ Name Dates acted if not for whole year Names and addresses of advisers (Optional information)

TAR

March 2012

Type of adviser Name Address	Type of adviser Name Address	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

Trust deed dated 18 August 2003. Type of governing document (eg. trust deed, constitution) Trust How the charity is constituted (eg. trust, association, company) Trustee appointment is exercisable by the trustees. Trustee selection methods

(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 objects of the trust are 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.

TAR

March 2012

In furtherance of the charity’s objects for the public benefit the trustees provides grants. 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 grant awards to 2 achievements of the charity institutions totalling £61,000 as set out in the notes. during the year

TAR

March 2012

Section E Financial review At the end of the reporting period the charity had free reserves amounting Brief statement of the to £23,255 (2021: £33,708). charity’s policy on reserves In addition to the free reserves the charity has bank balances of £90,191 (2021: £21,762) and investments of £3,155,144 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 04 June 2023

TAR

March 2012

Charity Name No (if any) The Miss J K Stirrup Charity Trust 1099976 Receipts and payments accounts CC16a For the period Period start date Period end date To from 19 August 2021 18 August 2022 ~~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 £
A1 Receipts
Income from investments	50,547	-	-	50,547	51,578
Income from bank interest	94	-	-	94	22
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
*Sub total*(Gross income for AR)	(Gross income for AR) 50,641	-	-	50,641	51,600
A2 Asset and investment sales, (see table). Sale of investments - - 2,317,326 2,317,326 2,075,991 - - - - - Sub total - - 2,317,326 2,317,326 2,075,991 *Total receipts* 50,641 - 2,317,326 2,367,967 2,127,591 ~~—————~~
A3 Payments
Grants awarded	61,000	-	-	61,000	52,000
Inv mgmt and admin	-	-	16,028	16,028	40,330
Independent examination	780	-	-	780	780
Administrative services	17,686	-	-	17,686	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
**Sub total **	79,466	-	16,028	95,494	93,110
A4 Asset and investment purchases, (see table) Investmentpurchases - - 2,214,497 2,214,497 2,035,297 - - - - Sub total - - 2,214,497 2,214,497 2,035,297 *Total payments* 79,466 - 2,230,525 2,309,991 2,128,407 *Net of receipts/(payments)* (28,825) - 86,801 57,976 (816) A5 Transfers between funds 18,372 - (18,372) - - A6 Cash funds last year end 33,708 - 21,762 55,470 56,286 *Cash funds this year end* 23,255 - 90,191 113,446 55,470 ~~———=—~~ ~~SS]]~~

CCXX R6 accounts (SS)

Section B Statement of assets and liabilities at the end of the period

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|||||| |---|---|---|---|---| |Unrestricted|Restricted|Endowment| |Categories|Details|funds|funds|funds| |to nearest £|to nearest £|to nearest £| |B1 Cash funds|Capital account|-|-|90,191| |Income account| |23,255|-|-| |-|-| |Total cash funds|23,255|-|90,191| |—==—=| |(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|-|-|-| |-|-|-| |-|-|-| |-|-|-| |-|-|-| |-|-|-| |—=_—=| |Fund to which|Current value| |Details|asset belongs|Cost (optional)|(optional)| |B3 Investment assets|Investment portfolio|Endowment|-|3,155,144| |-|-| |-|-| |-|-| |-|-| |se| |Fund to which|Current value| |Details|asset belongs|Cost (optional)|(optional)| |B4 Assets retained for the|-|-| |charity’s own use|-|-| |-|-| |-|-| |-|-| |-|-| |-|-| |-|-| |-|-| |eee| |Fund to which|Amount due|When due| |Details|liability relates|(optional)|(optional)| |B5 Liabilities|Investment mgmt|Endowment|1,989| |Independent examiner|Unrestricted|780| |Administrative services|Unrestricted|1,826| |-| |-| |Signed by one or two trustees on|Date of| |behalf of all the trustees|Signature|Print Name|approval| |Chris Thurlow|04 June 2023| |On behaf of Ludlow Trust Company| |Limited| |oe| |7|

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Signed by one or two trustees on behalf of all the trustees

CCXX R7 accounts (SS)

Section C Notes to the Accounts

Section C Notes to the	Accounts	Accounts
C2 Grants to institutions C3 Related party transactions C1 Nature and purpose of funds(may be stated on analysis of funds worksheets)	Unrestricted income funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charityand which have not been designated for otherpurposes. 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.
	Recipient RNLI Tutor Trust	£ 30,500 30,500
		61,000

	No trustee received any remuneration nor reimbiursed any expenses in the year under review. Ludlow Trust Company Limited, a trustee of the charity, were paid fees for the provision of administration services amounting to £17,686 as authorised under clause 13.b of the trust deed.

CCXX R8 accounts (SS)

Independent Examiner's Report to the Trustees of The Miss J K Stirrup Charity Trust

I report to the charity trustees on my examination of the accounts of the charity for the year ended 18 August 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.

05 June 2023 Geoffrey Frost BSc(Hons) FCA Date Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY