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2022-12-31-accounts

Charity registration number 1102080

Company registration number 05019137 (England and Wales)

THE ORSEIS TRUST LIMITED

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

THE ORSEIS TRUST LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr G Bloor FRICS
Mrs E Bloor BSc MRICS
Mr P McCloy
Secretary Mr G Bloor FRICS
Charity number 1102080
Company number 05019137
Registered office 4a The Shambles
Bradford On Avon
Wiltshire
United Kingdom
BA151JS

THE ORSEIS TRUST LIMITED

CONTENTS

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Page
Trustees' report 1 - 6
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10 - 14
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THE ORSEIS TRUST LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2022

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 December 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the The trust's [governing document], the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

Objects and aims

The principle object of the charity is to assist local charities and organisations in and around the City of Bath,especially those involved with young people and sport. All donations made are for the furtherance of the entity's charitable purposes and are for the public benefit.

In 2017 the charity enlarged its objectives to support small organisations involved in promoting the arts outside

the City of Bath and climate change.

All local charities and organisations are free to apply, but donations granted are at the discretion of the Trustees and are subject to the availability of sufficient funds.

Public benefit

The charity therefore provides its public benefit by donating to local and national charities that then in turn contributes to public benefit through their projects and activities.

The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

THE ORSEIS TRUST LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Achievements and performance

Voluntary donations received in the year are granted to charities to support their activities.

Charitable donations made since the charity's formation on 13 February 2004 total £492,189 the recipients being:

24Hrs (Bristol) (9356144);
Achates Philanthropy Foundation Limited (1173008);
Action on Addiction (1117988);
Age UK (112867)
Alzheimer's Society (296645);
Anthony Nolan Trust (803716);
Apostleship of the Sea (1069033);
Arcola Theatre Production Company (1108613);
Art Ventures Limited (06805885);
The Arvon Friends Foundation (306694);
Bath & Wansdyke Society for the Blind (203289);
Bath
18+Gateway		 Club (1081644)
Bath Aqua Glass Charity;
Bath Arts Workshop (255038);
Bath Boules (1071273);
Bath Festivals (801617)
Bath History Association (1120261)
Bathampton Conker Crossing (88222)
Bath
Preservation		 Trust (203048)
Bath Opportunity Pre-School (1104907);
Bath Royal Literary and Scientific Institution (304477);
The Bath Rugby Community Foundation (1101868);
Bath Spa Band (286845);
Bath Spa Sea Cadet Corps (306141);
BCUSG (292643);
BIBC (1057635);
Bradford & Winsley Community Sports Association (1104223);
Bristol Harlequins RFC;
British Legion (219279);
British Red Cross Society (220949);
Bush Theatre (270080);
Cafod (285776);
Cancer
Research		 UK (189464);
Cathedral Appeal (1170168);
Catholic
Truth		 Society (1097482);
Catholic Youth (233779);
Children's
Hospice		 South West (1003314);
Claverton Down Cats and Dogs Home, Bath (248824);
Cleveland Pools Trust (1109433);
Clic (802396);
Clifton Children's Society (286814);
Clifton Diocesan Trust (233977);
Disabled Welfare Association (1098661);
Dorothy House Hospice (275745);
Egg
Appeal
(Youth		 Theatre: Theatre Royal) (277723);
Eva's Angels (1178612);
Fairfield Farm Collect Trust;
Free Wheeler (1001067);
Freshford Guides (306016);
Friends of Bath Jewish Burial Ground (1198905)
Gurkha Welfare Trust (1103669);
Golden Oldies (1121600);

THE ORSEIS TRUST LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Hannahs Willberry Wonder Pony (1166416); Hannahs Willberry Wonder Pony (1166416);
High Flyer Support (277723);
High Sherrif Fund - Salamander (298936);
Historical Association (1120261);
Holburne Museum of Art (310288);
Hope
for		 Tomorrow (1094677);
Hope & Homes for Children (1989490)
Hosanna Home & children pilgramage trust (1143342)
The
Incorporated		 Catholic Truth Society (218951);
Jessie May Childrens Hospice (1086048);
Julian House (19205R);
King Edwards School Bath Governors (310227);
Lifetime Children's Trust (1095204);
Lionheart (261245);
Liverpool University Union;
Macmillan Cancer Support (261017);
Make a Wish (295672);
Medicines Sans Frontier (1026588);
Melissa Davison Trust;
Missio - Mill Hill Missionaries (1056651);
Mission
to		 Seamen (212432);
Missionary
Sisters
of		 England and
Wales		 (1082975);
Museum of Bath Stone (1148262)
Myles Joe Woods;
Natural Theatre (255038);
Netball Southwest;
New Futures Nepal (1098661);
Norton St Philip (123826);
Norton St Philip Preschool (1029369);
Norton St Philip School Fete;
NSPCC (216401);
NSW South;
Paulton Platoon (1062247);
Percy
Community		 Centre (1024614);
Plant a Tree for Climate Change (1102080);
Pontifical Mission Societies (1056651);
Priests' Retirement Fund (233977);
Quarter Community Foundation (1080416);
Ralph Allen School (102327);
Rays of Sunshine (1102529);
Royal National Lifeboat Institute (209603);
Royal Star & Garter Homes (210119);
Salvation Army (214779);
Sam Walters Memorial Fund;
Savills Charity Run (115243);
St
John's		 Ambulance (Avon) (1077625);
St Peters and St Pauls Church (2339777);
St Thomas More Church (233977);
Sisters of Our Lady Missions (233977);
Skill Force (1105022);
Sophie Cameron Trust (1092190);
Somer Squadron ATC (11062247);
Somerset Army Cadet Force (1062247);
Splash (Youth Schemes: Wiltshire Constabulary) (1048590);
Sporting
Family		 Change Foundation (1166319)
SPVC (1143342)
Storm on the Lawn (277723);
Stella Maris (1069833)

THE ORSEIS TRUST LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Team Bath Netball (000644);
Teenage Cancer Trust (106259);
The 300 Club (277723);
The
Blind		 Association - Guide Dogs (209617);
The Book Trust (313343)
The Old Vic Community Programme (1072590);
The Tamara Johnson Trust;
The Woodland Trust (294344);
Theatre Royal (Bath) Ltd (277723);
Theatre 503 Limited (1115555);
Three Ways Special School (1142749);
We Hear You (115600);
Willberry Wonder Pony (1166416);
Woodland For Climate Change (1102080);
World Villages for Children (1058972);
World Young Christians;
Writers Centre Norwich (1110725);
YMCA (212810).

Investment Performance

The charitable company does not hold any investments. Any surplus cash is placed on deposit with the charitable company's bankers.

THE ORSEIS TRUST LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Financial review

The charity reported net loss of £7,483 which decreased the funds of the charity to £8,262 by the end of the year.

Policy on reserves

The charitable company does not maintain substantial reserves as current incoming resources are expected to fund current events.

Principal funding sources

The principal funding sources are Fiscal Properties Limited, which donated £2,400 (2021 - £2,400) during the year and Bath Ground Rent Estates Limited, which donated £30,000 (2021 - £69,000) during the year.

Structure, governance and management

Nature of governing document

The company is constituted under a Memorandum of Association dated 29 October 2003 and is a registered charity number 1102080.

Mr G Bloor FRICS Mrs E Bloor BSc MRICS Mr P McCloy

Recruitment and appointment of trustees

The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.

Organisational structure

The charity consists of three Trustees who are also the Directors of the Trust. Gordon Bloor FRICS is the appointed Chairman.

The Trustees have control of the charity and its property and funds. The Trustees must hold at least two meetings each year either in person or by suitable electronic means agreed by the Trustees through which all participants may communicate with other participants.

Fiscal Properties Limited

The Trustees Elizabeth Christine Bloor BSc MRICS and Gordon Bloor FRICS are Directors and minority shareholders of Fiscal Properties Limited.

Bath Ground Rent Estates Limited

The Trustee Gordon Bloor FRICS is Director and shareholder of Bath Ground Rent Estates Limited.

Major risks and management of those risks

Operational and Financial

The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the company, and are satisfied that systems and procedures are in place to mitigate the charity's exposure to the major risks.

THE ORSEIS TRUST LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Statement of Trustees' responsibilities

The Trustees, who are also the directors of The Orseis Trust Limited for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the The trust and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the The trust and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the The trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees' report was approved by the Board of Trustees.

Mr G Bloor FRICS

Company Secretary and Trustee Dated: 11 August 2023

THE ORSEIS TRUST LIMITED

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ORSEIS TRUST LIMITED

I report to the Trustees on my examination of the financial statements of The Orseis Trust Limited (the The trust) for the year ended 31 December 2022.

Responsibilities and basis of report

As the Trustees of the The trust (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the The trust are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the The trust’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

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

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 financial statements to be reached.

Peter J Groves FCA 96 Park Lane Frampton Cotterell Bristol BS36 2FP Dated: 11 August 2023

THE ORSEIS TRUST LIMITED

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2022

Unrestricted Unrestricted Unrestricted Unrestricted
funds funds
2022 2021
Notes £ £
Income and endowments from:
Donations and legacies 2 35,178 71,400
Other income 3 13 151
Total income 35,191 71,551
Expenditure on:
Charitable activities 4 42,674 98,490
Net gains/(losses) on investments 7 - (661)
Net expenditure for the year/
Net movement in funds (7,483) (27,600)
Fund balances at 1 January 2022 15,745 43,345
Fund balances at 31 December 2022 8,262 15,745

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

THE ORSEIS TRUST LIMITED

BALANCE SHEET

AS AT 31 DECEMBER 2022

Notes
Fixed assets
Investments
9
Current assets
Debtors
10
Cash at bank and in hand
Creditors: amounts falling due within
one year
11
Net current assets
Total assets less current liabilities
Income funds
Unrestricted funds
Designated funds
12		 2022
£
4,585
2,348
6,933
(1,000)
8,262		 £
2,329
5,933
8,262
8,262
8,262		 2021
£
1,585
12,160
13,745
(1,000)
15,745		 £
3,000
12,745
15,745
15,745
15,745

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2022.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 11 August 2023

Mr G Bloor FRICS

Trustee

Company registration number 05019137

THE ORSEIS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

Charity information

The Orseis Trust Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 4a The Shambles, Bradford On Avon, Wiltshire, United Kingdom, BA151JS.

1.1 Accounting convention

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the The trust. Monetary amounts in these financial statements are rounded to the nearest £.

The Orseis Trust Limited (formerly The Elizabeth and Gordon Bloor Charitable Trust) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Exemption from preparing a cash flow statement

The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cashflow statement in these financial statements.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the The trust has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Incoming resources

Income is recognised when the The trust is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the The trust has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the The trust has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

1.4 Resources expended

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

THE ORSEIS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

(Continued)

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis consistent with the use of resources. Irrecoverable VAT is charged against the category of resources expended for which it was incurred.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Grant provisions

Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including accounting fees.

1.5 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.6 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7 Financial instruments

The Charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recorded at transaction value and subsequently measured at the carrying value plus accrued interest less prepayments. The financing charge to expenditure is at a constant rate calculated using the effective interest method.

1.8 Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered.Prepayments are valued at the amount prepaid net of any trade discounts due.

1.9 Creditors and provisions

Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.

1.10 Fund structure

Unrestricted income funds are general funds that are available for use at the Trustees' discretion in furtherance of the objectives of the charity.

THE ORSEIS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

2 Donations and legacies

Unrestricted Unrestricted
funds funds
2022 2021
£ £
Donations and gifts 35,178 71,400
3 Other income
Unrestricted Unrestricted
funds funds
2022 2021
£ £
Interest received 13 151
4 Charitable activities
Unrestricted
Unrestricted
funds funds
2022 2021
£ £
Governance costs 48 36
Grant funding of activities (see note ) 42,626 98,454
42,674 98,490

5 Trustees

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

6 Employees

Number of employees

The average monthly number of employees during the year was:Nil

Number of employees
The average monthly number of employees during the year was:Nil
2022 2021
Number Number
- -
There were no employees whose annual remuneration was £60,000 or more.

THE ORSEIS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

7 Net gains/(losses) on investments

Total Unrestricted
funds
2022 2021
£ £
Gain/(loss) on sale of investments - (661)

8 Taxation

The charity is a registered charity and is therefore exempt from taxation.

9 Fixed asset investments

Cost or valuation
At 1 January 2022
Additions
Disposals
At 31 December 2022
Carrying amount
At 31 December 2022
At 31 December 2021
10
Debtors
Amounts falling due within one year:
Other debtors
11
Creditors: amounts falling due within one year
Other creditors		 Other
investments
£
3,000
32,289
(42,711)
(7,422)
(7,422)
3,000
2022
2021
£
£
4,585
1,585
2022
2021
£
£
1,000
1,000

THE ORSEIS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

12 Unrestricted funds

Unrestricted funds
Movement in funds
Balance at Incoming Resources Balance at
1 January 2022 resources expended 31 December
2022
£ £ £ £
General 15,745 35,191 (42,674) 8,262
15,745 35,191 (42,674) 8,262

Unrestricted funds are expendable at the discretion of the trustees in the furtherance of the objectives of the charity. Such funds are held in order to finance both working capital and capital investment.

13 Analysis of net assets between funds

Analysis of net assets between funds
Unrestricted Unrestricted
funds funds
2022 2021
£ £
Fund balances at 31 December 2022 are represented by:
Investments 2,329 3,000
Current assets/(liabilities) 5,933 12,745
8,262 15,745

14 Related party transactions

During the year the charity made the following related party transactions: Fiscal Properties Limited

(A company of which the Trustees G Bloor FRICS and E Bloor MRICS are directors and shareholders) Donations of £2,400 (2021 - £2,400) were received during the year from Fiscal Properties Limited. At the balance sheet date the amount due from Fiscal Properties Limited was £4,585 (2021 - £1,585).

Bath Ground Rent Estates Limited

(A company of which the Trustee G Bloor FRICS is a director and shareholder) Donations of £30,000 (2021 - £69,000 ) were received during the year from Bath Ground Rent Estates Limited. At the balance sheet date the amount due to Bath Ground Rent Estates Limited was £1,000 (2021 - £1,000).