The Brian Leslie Racher 2004 Charitable Trust
Trustees’ report for the year ended 31 March 2021
The trustees present their report and accounts for the year ended 31 March 2021
The accounts have been prepared under the historical cost convention modified to include the revaluation of the Investments at the 31 March 2021 and comply with the charity’s trust deed, applicable law and the requirements of the Statement of Recommended Practice, “Accounting and Reporting by Charities”, issued in March 2005.
Objects of the charity
The Trust was founded on the death of Brian Racher. The Trust’s objects are to promote any charitable purpose for the benefit of the inhabitants of the larger of the parish boundaries of Royston, Herts and two miles from the parish of St John the Baptist, Royston, Herts.
The trustees can accrue the income from year to year or for as long as the law shall allow and the Trustees may distribute such accrued income in any subsequent year as if it were income of that year.
Any accumulations of income may at the sole discretion of the trustees be added to the Capital of the Charity and form part of the permanent foundation.
Review of activities
The trustees have received applications for grants during the year and a full list of grants made is shown under Note 3 in the accounts.
Trustees
The trustees who served during the year were:
W D Bannister Mrs A M Bannister Mrs A M Drake D H Smyth P J Mayne Mrs S P Thornton M Lawrence J Proctor
Review of financial position
Investment income totalled £81,188 and grants paid out totalled £109,028. The balance held at the year end for future grants and capital acquisitions amounted to £296,659.
The trustees continue to use a clerk to deal with the day to day administration matters of the grant application process.
Risk factors
The trustees have assessed the major risks to which the trust is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
On behalf of the board of trustees
D H Smyth Trustee
The Brian Leslie Racher 2004 Charitable Trust
Receipts and payments for the year ended 31 March 2021
| Notes Receipts Investment Income 1 Refund re 20 Garden Walk Sale of 20 Garden Walk Investments sold 2 Payments Grants paid out 4 Payments re 20 Garden Walk Purchase of 33 Nightingale Way Investment purchases 2 Administration costs 3 Total payments Excess of payments over receipts Balance brought forward General surplus carried forward |
2021 78,892.10 0.00 0.00 305,760.01 |
|---|---|
| 384,651.61 | |
| 109,027.98 0.00 0.00 317,167.90 20,547.25 |
|
| 446,742.63 | |
| -62,091.02 358,749.54 |
|
| 296,658.52 |
The Brian Leslie Racher 2004 Charitable Trust
Statement of assets and liabilities as at 31 March 2021
| 2020 | Notes | |||
|---|---|---|---|---|
| Cash funds | ||||
| 81,188 | Barclays Bank Plc | Base Rate Tracker | Capital | |
| Income | ||||
| 0 | Current Account | |||
| 0 | Smith & Williamson Investment Services Ltd | Capital | ||
| Income | ||||
| 723,433 | ||||
| Total cash funds | ||||
| 804,621 | ||||
| Investment assets | ||||
| 53,371 | ||||
| Smith & Williamson | Investment Services | Ltd | ||
| 0 | ||||
| Share portfolio at valuation | 2 | |||
| 0 | ||||
| Freehold properties | ||||
| 671,776 | ||||
| 6 Roan Walk, Royston, | Herts at cost | 4 | ||
| 21,800 | ||||
| 33 Nightingale Way Royston at cost | 4 | |||
| 746,947 | ||||
| Total investment assets | ||||
| 57,674 | ||||
| 301,075 | ||||
| 358,750 |
The Brian Leslie Racher 2004 Charitable Trus
Notes to the accounts for the year ended 31
-
2021 2020 1 Investment income Income from listed investments Investment property rental income less expen
-
10,809.72 10,794 Interest 23,023.15 23,023
-
157,548.54 190,358 2 Investments
-
94,792.93 121,948 The investment portfolio is managed by Smith 10,484.18 12,626 3 Grants paid out
-
296,658.52 358,750 Royston Town Football Club Brave Trust Creative Royston Royston Christmas Lights NESSie - Supporting Positive Mental Health in Royston Parish Church Homestart
-
2,960,867.00 2,341,822 King James Academy Trinity Life Church Royston Foodbank
-
207,393.98 207,394 357,385.00 357,385 3 Administration costs
-
3,525,645.98 2,906,601 Professional fees LSE Fees Portfolio charges
4 Freehold properties
The Trust owns two investment properties in R and producing income for the Trust
st
March 2021
| 2021 59,020.36 nditure 19,814.81 56.93 78,892.10 h & Williamson Investment Services Ltd. 3000.00 5000.00 2244.00 17500.00 Schools 4500.00 21000.00 3283.98 30000.00 20000.00 2500.00 109027.98 4,800.00 72.00 15,675.25 20,547.25 |
2020 76,922 3,997 269 |
|---|---|
| 81,188 | |
| 53,371 | |
| 5,220 72 16,508 |
|
| 21,800 |
The Bria
Royston as detailed and these are currently let
n Leslie Racher 2004 Charitable Trust
Accounts for the year ended
31st March 2021
Charity Registration No. 1108727
The Brian Leslie Racher 2004 Charitable Trust
Independent Examiner’s Report To The Trustees of the Brian Leslie Racher 2004 Charitable Trust
I report on the accounts of the Trust for the year ended 31 March 2021
Respective responsibilities of trustees and examiner
As the charity’s trustees, you are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year (under section 43 (2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is needed.
It is my responsibility to:
-
Examine the accounts (under section 145 of the 2011 Act)
-
To follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act); and
-
To state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
-
(a) which gives me reasonable cause to believe that in any material respect the requirements:
-
(1) to keep accounting records in accordance with section 130 of the 2011 Act; and
-
(2) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act;
-
have not been met; or
-
(b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts reached.
UHY Hacker Young Chartered Accountants The Nexus Building Broadway Letchworth Herts SG6 9BL 24 January 2022