2022-09-15-accounts - The Margaret Chattell Trust

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Trustees' Annual Report for the period

Period start date Period end date Day Month Year Day Month Year From 16 September 2021 To 15 September 2022

Section A Reference and administration details

Charity name The Margaret Chattell Trust

Other names charity is known by Registered charity number (if any) 1106804

Charity's principal address Trustee Department 1[st] Floor, Tower Wharf Cheese Lane, Bristol Postcode 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	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

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 15 September 2004 Type of governing document

(eg. trust deed, constitution) Trust How the charity is constituted

(eg. trust, association, company) Trustees are appointed by the existing 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 Charitable Trust authorises the trustees to apply the income or the capital 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 and in particular to British Red Cross, East Cheshire Hospice, Salvation Army, RSPCA, Guide Dogs for the Blind Association, Hearing Dogs for the Deaf, Macmillan Cancer Support, National Trust, British Heart Foundation, PDSA, RNIB, Royal Hospital Chelsea, The Children’s Society and RNLI in accordance with the letter of wishes. 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 2 grant awards amounting achievements of the charity to £30,000 as set out in the notes. during the year

TAR

March 2012

Section E Financial review

Brief statement of the

charity’s policy on reserves

At the end of the reporting period the charity had free reserves amounting to £11,998 (2021: £17,892).

In addition to the free reserves the charity had bank balances of £42,500 (2021: £10,661) and investment assets of £1,436,351 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 22 July 2023

TAR

March 2012

	Charity Name The Margaret Chattell Trust	Charity Name The Margaret Chattell Trust	Charity Name The Margaret Chattell Trust	No (if any) 1106804	No (if any) 1106804	CC16a
	For the period from	Period start date 16 September 2021	To	Period end date 15 September 2022

Section A Receipts and payments
A1 Receipts	Unrestricted funds to the nearest £ - - 24,106 45 - - - - 24,151 - - - 24,151 30,000 - 6,821 780 - - - - - 37,601 - - - 37,601 (13,450) 7,556 17,892 11,998	Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Endowment funds to the nearest £ - - - - - - - - - 1,244,421 - 1,244,421 1,244,421 - 7,577 - - - - - - - 7,577 1,197,449 - 1,197,449 1,205,026 39,395 (7,556) 10,661 42,500		Total funds to the nearest £ - - 24,106 45 - - - - 24,151 1,244,421 - 1,244,421 1,268,572 30,000 7,577 6,821 780 - - - - - 45,178 1,197,449 - 1,197,449 1,242,627 25,945	Last year to the nearest £
Addition to trust	-					-
Gift aid received	-					-
Income from investments	24,106					24,138
Income from bank interest	45					10
	-					-
	-					-
	-					-
	-					-
*Sub total*(Gross income for AR)	24,151					24,148

A2 Asset and investment sales, (see table).
Sale of investments	-					1,011,538
	-					-
*Sub total*	-					1,011,538
*Total receipts* A3 Payments
						1,035,686

Grants awarded	30,000					19,156
Inv mgmt and admin	-					19,383
Administration services	6,821					1,584
Independent examiner	780					780
	-					-
	-					-
	-					-
	-					-
	-					-
**Sub total **	37,601					40,903

A4 Asset and investment purchases, (see table)
Investmentpurchases	-					989,646
	-
**Sub total **	-					989,646
*Total payments* *Net of receipts/(payments)* A5 Transfers between funds A6 Cash funds last year end **Cash funds this year end **
						1,030,549

	(13,450)	-	39,395		25,945	5,137
	7,556	-	(7,556)		-	-
	17,892	-	10,661		28,553	23,416
	11,998	-	42,500		54,498	28,553

CCXX R6 accounts (SS)

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 B1 Cash funds B2 Other monetary assets B3 Investment assets B4 Assets retained for the charity’s own use B5 Liabilities	(agree balances with receipts and payments account(s)) Details Capital account Income account *Total cash funds* Details Details Investment portfolio Details Details Investment management Administration services Invdependent examination Signature	Unrestricted funds Restricted funds to nearest £ to nearest £ - - 11,998 - - 11,998 - 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) Endowment 1,477 Unrestricted 1,364 Unrestricted 780 - - Print Name Chris Thurlow On behalf of Ludlow Trust Company Limited	Endowment funds to nearest £
			42,500
			-
			-
			42,500
			OK
			Endowment funds to nearest £
			-
			-
			-
			-
			-
			-
			Current value (optional)
			1,436,351
			-
			-
			-
			-
			Current value (optional)
			-
			-
			-
			-
			-
			-
			-
			-
			-
			When due (optional)





			Date of approval
			22 July 2023

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 - 1 grant unless annotated Macmillan Cancer Support The British Red Cross Society	£ 15,000.00 15,000.00
		30,000.00

	No trustee received any remuneration nor reimbiursed any expenses in the year under review. During the year under review Ludlow Trust Company Limited, a trustee of the charity, were paid fees for the provision of administration services amounting to £6,821 as authorised under clause 13 of the trust deed.

CCXX R8 accounts (SS)

Independent Examiner's Report to the Trustees of The Margaret Chattell Trust

I report to the charity trustees on my examination of the accounts of the charity for the year ended 15 September 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.

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