COLLYER BRISTOW Coombe-Tennant Foundation Trustees, Report & Financial Statements 1 January 2020 to 31 December 2020 38385.1 Charity No. 1113080 COOMBE-TENNANT FOUNDATION TRUSTEES, REPORT & FINANCIAL STATEMENTS 1 JANUARY 2020 TO 31 DECEMBER 2020 Page Reference and administrative details of the Foundation. ils tiuslee5 and advisers Trustees, Report Independent Ex8minerf5 Report Stslemenl of Financial Activities Bal8n¢e Sheet Notes to the Financial Slalemenls 9-12 Invesltnenl schedule (Not filed ￿1￿ the Gharity Gommission? 13-14 COOMBE-TENNANT FOUNDATION TRUSTEES. REPORT & FINANCIAL STATEMENTS 1 JANUARY 2020 TO 31 DECEMBER 2020 REFERENCE AND ADMINISTRATIVE DETAILS OF THE FOUNDATION ITS TRUSTEES AND ADVISERS Founder Jenifer Margaret Coombe-Tennanl (died 18 Nov 20121 The Board of Trustees Susanna Margaret Morgan-williams Chades Serecold Coombe-Tennant John Ashley Coombe-Tennant Mark Henry Coombe-Tennant Rosalie Janet Hoffmann Charlty reglstered number 1113080 Principal Office clo Collyer Brislow LLP 140 Brompton Road Knightsbridge London SW3 1HY Indepgndont Examiners James Angus Burnett, Martin and Company 25 Sl Thomas Street Winchester Hampshire S023 9HJ Bankers National Westminster Bank Pl¢ City of London Office P O Box 12258 1 Princess Street London EC2R 8BP Solicitors Collyer Brislow LLP 140 Brompton Road Knightsbridge London SW3 1HY Investment manager Cazenove Capital Management 12 Moorgate London EC2R 6DA COOMBE-TENNANT FOUNDATION TRUSTEES. REPORT & FINANCIAL STATEMENTS 1 JANUARY 2020 TO 31 DECEMBER 2020 TRUSTEES, REPORT The Trustees present their annual report together with the financial statements of the Coombe- Tennant FoLJndalion (the Foundationl for the year from 1 January 2020 to 31 December 2020. The Trustees confirm that the report and financial statements of the Foundation comply with the Charities Act 2011, the requirements of the Foundation's governing document and the provisions of the Statement of Recommended Practice ISORPI applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019. The financial statements have been prepared in accordance with the accounting policies set out in the notes to the financial statements. Status and admlnlstratlon The Foundation was established by a Declaration of Charitable Trust dated 20 January 2006 and is registered with the Charity Commission under charity number 1113080. The Foundation's governing instrument is ils Trust Deed which allows for any activities covered by the Foundation's objectives, with no specific restrictions. Charitable objectives for the public benefit The objectives of the Foundation are to provide funds for general charitable purposes as the Trustees shall from time lo lime think fil. The Trustees Confirm that they have complied with the duty in section 17 of the Charities Act 2011 and have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Foundation's aims and objectives and in planning future aclivib'es and setting the grant making policy for the year. Governance The management of the Foundation is the responsibility of the Trustees who a￿ elected and co-opted under the terms of the Trust Deed. The Trustees meet at least once a year lo discuss and implement policy. There were no related paty transactions for the year ended 31 December 2020. Financial review At 31 December 2020, the market value of investments was £1,524,350131 December 2019 - £1,503,591). Income from investments lotalling £27,360 {2019 - £32,568) was received. At 31 December 2020 the Foundation had net funds of £1,558,663. COOMBE-TENNANT FOUNDATION TRUSTEES. REPORT & FINANCIAL STATEMENTS 1 JANUARY 2020 TO 31 DECEMBER 2020 Review of activities and achievements There were 7 payments made in the financial year ranging from £5,000 10 £1,000 to Community Foundation for Surrey. Medecins Sans Frontiers, Sussex Federation of Young Farmers, ZANE, Back Up, Salvation Army and SSAFA. These are listed on page 11, note 6 of the accounts. There is also a regular payment of £2,500 each quarter to the Treehouse Trust lo support Autistic Children. Investment pollcy As at 31 December 2020, all cash funds were held on the current account with National Westminster Bank Plc. The Trustees, investment policy is lo aim for safety commensurate with immediate and planned spending requirements. The Trustees decided to invest some of the cash not immediately required for the purposes of charitable grants and expenses and these investments are managed by an independent investment manager in conformity with the Foundation policy and its constitution. The holdings comprise of a range of equities, bonds and allernalive investments which provide for a broad investment spread and consequently the risk Is spread amongst a cross section of different range of investments. Resgrvos and funding The Trustees are maintaining sufficient cash resetves to meet Current and planned expenditure. Trustees The Trustees who served during the year were.. Susanna Margaret Morgan-williams Charles Serecold Coombe-Tennanl John Ashley Coombe-Tennant Mark Henry Coombe-Tennanl Rosalie Janet Hofftnann Appointment and induction of Trustees In appointing a new Trustee, the Trustees will lake into account the benefits of appointing a person who is able by virtue of his or her personal or professional qualifications to make a contribution to the pursuit of the objects or management of the Foundation. COOMBE-TENNANT FOUNDATION TRUSTEES. REPORT & FINANCIAL STATEMENTS 1 JANUARY 2020 TO 31 DECEMBER 2020 Risk management The Trustees are responsible for the management of the risks faced by the Foundation. All major risks lo which the Foundation is exposed have been reviewed and systems have been established lo mitigate these risks. **COOMBE-TENNANT FOUNDATION** **TRUSTEES' REPORT & FINANCIAL STATEMENTS** ## **1 JANUARY 2020 TO 31 DECEMBER 2020** ## **Statement of Trustees' responsibilities** The Trustees 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). The law applicable to Charities in England & Wales 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 Foundation and of the incoming resources and application of resources of the Foundation for that period. In preparing these financial statements, the Trustees are required to: -  select suitable accounting policies and then apply them consistently; -  observe the methods and principles in the Charities SORP; -  make judgments and estimates that are reasonable and prudent; -  state whether applicable UK Accounting Standards have been followed, - subject to any material departures disclosed and explained in the financial statements; -  prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Foundation will continue in operation. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Foundation and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations 2008, and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Foundation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed on behalf of the trustees: _**S Morgan-Williams 06/09/2021**_ **_________________________________ ___________________________ Susanna Margaret Morgan-Williams Date** 5 Ih'DF.PENDF.F*T EXAMINER'S REPORT TO I'HE'fRLS'fEES OF CUOTriBE-TEliNANT FOU.NDATION FOR THE YF.AR NDF.D 31 DECF.MBER 2020 I report lo the charity ti'ustees on my cxaJninalion of thL accounts o)f the Lharity tor Il)e year ci)ded 31 DeccmbLr l()20 which dre s¢t oul 01) pages 7 to 12. Responsibilities Jnd basis of report A5 the charity s trustee% you are responsible lor the pr¢paration of the accoiintq in accoTdance witli thc requireii)eiit5 of tlie Charitics Act 2011 ('thc Act'l. I report in rcsplct of my cAaininali()n of IhL charity's acuouiits carricd aut ui)der section 14) of the ALt and iii cariTr'ing oiit my cxamination I l)aie follom'tid all the appliLable Dir¢¢iiOllS giweii by tlic C,liarit)' Coiniiiission uiider se¢tic)11 145{5llb) of ilie Act. Independent exllminer's statement I have coinpleted Iny examinatioii. I confirm thai no malcrial n)aitcrs lidvc coiii¢ lo my attention in LonnL'¢lion wilh thu examination giving mc ca115¢ to belicvc that in any material rvspect: aLc()unting records wcre not kept in respect of the charity as rcquirrd b}, scciion 130 of the Act: or rhL acctsunts d() Iiot dLcord witli tho%e records; ()r the acLI)unts do not ¢()mply w'ith the &pplicabl¢ requircineiits coiic¢rning Ihc form and conteiit of aLcouni4 set out ii) Ihe Charitics (Accouiil.8 and Reports) RcgFulati0l)s 2008 otli¢r than an}, rcquirement tE]at the dv¢ounis giji'c a 'true and fail. vieii whicli is not a mallcr cansidLred <15 part of an iiidependenl Lxamination. I have no coiicern.% (ind havc come across no other matTcrs iii ¢onnection with lh¢ ¢xaininatii)n to vhicl) atiei)tion %hi)uld be drawn in tliis rcport in urd¢r to Lnable a pr(>per iindcrstanding af the accounts to be reach¢d. James Ang)u8 Burnett AC'A Martin and Coinpctii), C hai"tered Accouiitants 25 qt Tlioinds Str¢¢l Nl'iiicliestcr Hampshire. S023 9HJ Datcd.. COOMBE-TENNANT FOUNDATION TRUSTEES. REPORT & FINANCIAL STATEMENTS STATEMENT OF FINANCIAL ACTIVITIES 1 JANUARY 2020 TO 31 DECEMBER 2020 Total Unrestricted funds Total Unrestricted funds 2019 2018 Note5 INCOME FROM Investments 27.360 32.568 Total income 27,￿0 32,568 EXPENDITURE ON Raising funds Charitable 8clivities 7,034 37.860 7,1( 25.400 Totsl resour￿ expended 44,894 32,506 Nat ineom•ll*xpanditural 117,5341 82 Gains and losses on investment assets 10. 12 28.472 131,623 Net Movement In Funds 10,938 131,685 RECONCILIATION OF FUNDS Total funds brought forward 1,547,725 1,416,040 Fund balances at 31 December 2019 12 1,558,663 1,547,725 The notes on pages 910 12 form part of these finanaal statements. ## **COOMBE-TENNANT FOUNDATION TRUSTEES' REPORT & FINANCIAL STATEMENTS** ## **BALANCE SHEET AS AT 31 DECEMBER 2020** |**Notes**
**Fixed assets**
Investments
10
**Current assets**
Cash at bank and in hand
Creditors: amounts falling due within one year
11
**Net current assets**
**Total assets less current liabilities**
**CHARITY FUNDS**
Unrestricted funds
12
**TOTAL FUNDS**|**2020**
**£**
1,524,350
52,493
52,493
(18,180)
34,313
**1,558,663**
1,558,663
**1,558,663**|**2019**
**£**
1,503,591
44,914
44,914
( 780)
44,134
**1,547,725**
1,547,725
**1,547,725**| |---|---|---| For and on behalf of the Coombe-Tennant Foundation _06/09/2021_ ## **Date** _S Morgan-Williams_ ## **Susanna Margaret Morgan-Williams** Trustee 8 COOMBE-TENNANT FOUNDATION TRUSTEES, REPORT & FINANCIAL STATEMENTS 1 JANUARY 2020 TO 31 DECEMBER 2C120 NOTES TO THE ACCOUNTS 1 Accountlng poll¢lo8 1.1 Bas1¥ of preparlng the flnancl81 gtstements The financ181 slalemenis of Ihe Foundation, which Is a public benefit enlily, have been prepared in accordance ¥￿th tha Statemènt of Recommended Pra¢tiC6." Accounting and Rèportino by Charities prèpsring their accounts in accordance with the Financial Reporting Standard applicable in the LJK and Republic of Ireland IFRS 1021 (effective 1 January 20191. the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021. the Charities Act 2011 8nd UK Gener811y Accepted Practice as Il applES trom 1 J8nu8ry 2015. The financi81 siaiemenis have bean prap8red 10 glve 8 'irua and falr, VI￿ and have departed from the Charlties (Accounts and Reports) Regulations 2008 to the extent required lo provide a,1￿e and fair view,. This departure has involved following Accounting and Reporting by Charities. Statement of Recommended Practice appIl￿ble to charities preparing their 8ccounls in accordance wilh the Financial Reporting Standard applicable In the UK and R&publlc of Ireland Issu6d In October 2019 rslhtr than th& Accounting 2nd R&portlno by Charllies.. Slaiemeni of Retyjmmended Practi￿ effective from 1 April 2005 which has been *ilhdrawn. 1.2 Income All inume is reco9nised in the Statem8nt of Finanual Activities once Ihe thariiy h8s 8ntill8mtni of Iht fuNJs. il is probable that the incotne y￿11 tk received and the amount can be measured reliably. 1.3 Expend6ture Liabilities are recognise(J 35 expenditure 35 soon a5 there is 3 leyal or consltuctive obligation commitbng Ihe Foundation lo that expendilure. il Is probable that 8 transfer of economiG benefts will be required In selllemenl the amounts of the obligation can be measured rdi8bily. Expendiiure is 8¢counled for on an ac¢ru81s basis and hss been clsgsified under headings that aggregate all cost relating lo the cateyory. Where costs Cannot be directly allributed to parkncular headings they have been allocated to activities on a basis consistent with the use of resources. 1.4 Rtrsour¢&8 èxptrndad All txptndilure is a¢couniÉd for Dn an 8c¢mal$ bagis and has bèen In￿Uded und8r txpense caie9ories that aggregate all ￿51S for allocation lo actiwlies. Where costs cannot be direclty attributed to particular activities they have been 311oute(l on a basis consislentvmlh the use of Ihe resou￿$. Cogis Df gentraiin9 funds This comprises eKpen¢ilure incurred in connection with generating fund5 for charity Charitable activit￿5 This comprises eNkndilure incurred in connection with the charitable objectives of the charity. Govem8n¢e costs This comprisas expendiiura in¢urr8d in connecuon wlth m8nagem8ni and admini&tration of the charity. 1.5 Dlr•¢t T8xatlot) As a charily Ihe Foundation is generally exempl from Income18x and capitsl gains18x, bul not from VAT. Irrecoversbk VAT is indud8d in the cosi of thosè 10 which It relal8S. 1.6 InvgStrrbprbts Investments 8re held at maTkel v8lue insofar 85 they are Capable of measurement. The realis￿ and unrealis galns or losses are shown In tha stsiem8nl of Flnancial Activmes. COOMBE-TENNANT FOUNDATION TRUSTEES, REPORT & FINANCIAL STATEMENTS 1 JANUARY 2020 TO 31 DECEMBER 2C120 NOTES TO THE ACCOUNTS 1.7 Fund accounting Unreslricled Income fund5 are general funds Ih8t are availabk for use al the tru$tee$' discretion in fUrther4n￿ of the oblethives of the charity. 1.8 Cash Cash at bank and in hand is hekl to meet Short-term cash commitments as theyfall due rather than for investment purposes. 1.9 Do1)tor8 Debtors (including loan$ retsivablel are measured on initial recognition at sett￿Ment aTnouni. They are shown in the finanaal 5taternenls at the cash or other consideration expected lo be received. 1.1cI Golng Concern Tha accounts have t￿en prepared on a goiry concetn basis and Ihere are no material Un￿rtainl￿5. 1.11 Developments In the year On 30 January 2020 the Worfd Health Organi5ation declared the outbreak of the Coronawrus ICowd-191 pandemic to be a public health emergency of intemational Con￿￿. sin￿ the year*nd, due to the global impact of the Coronavirus ICovid-101 pandemic. the value of irwe51rnents, assets and118bilities h8ve been Impacted. 11 is not P0$5ible. al this lime, to quantify the ¢h8nge in m8rkel v8lue in a mÈ8ningful way. dua lo ongoing volaiilily as ihe silu8iion Is fluid and unpredictable. The board are reviewing the impact of the pandemic on the operation$ of the charity on a regular basis and are takin9 mÈagures to ensure Ihe risks fa￿d are mitigated, which includes ulili51ng the Governrnenl 5UPPOrt measure5. 1.12 eredltors The Foundation has uedilors Ythich are measured al settlement amounts. 1.13 Financial instruments The Found81ion 8¢counls for the baslc finan￿al instruments on Inlll81 r8cognllion as per papagraph 10.7 FRS 102 SORP. Subsequent measurement is per parayraphs 11.17 to 11.19 FRS 102 SORP. 2 Investment In￿me 2020 2019 DivKJend income Interest receivaNe 27,311 49 32,409 159 27,36D 32,568 3 Analy818 of 0x￿n￿ltur6 by typè Othor costs Grants Total 2020 Totsl 2019 Raising funds 7,034 7.106 Grant funding of activities and projects 30.000 30,OOD 20.000 Governan¢& costs 7.860 7,860 5.400 14.894 30.000 44,894 32.506 io COOMBE-TENNANT FOUNDATION TRUSTEES, REPORT & FINANCIAL STATEMENTS 1 JANUARY 2020 TO 31 DECEMBER 2C120 NOTES TO THE ACCOUNTS 4 Ral8lng futhds T¢)tal 2020 Total 2019 Investment manager fees and commission 7,0 7.106 S Charitablè activitiès Dlre¢t ¢ost¥ 1800 nots 61 Support ¢osts 1808 t)ote 71 Tolal 2020 Totsl 2019 Grant funding 30.000 7.880 37,860 25.400 $ Grants Total 2020 Totsl 2019 Treehouse Trust Community Foundation for Surrey ￿ede￿nS Sans Fronlieres Sussex F8d6raiion of Young F8m)ers ZANE Zimb?bwe-A Nation81 Emergency Ba(* Up S8Trrf8110n Army SSAFA 10,000 5,000 5,000 s.000 1,800 1.200 1.000 1.000 10.000 5.000 4.000 1.wo Total Grants 30,000 20.000 7 Support costs Total Unro8tri¢ted funds 2020 Total Unrestri¢ttrd funds 2019 Ind8pend&ni Examin&ls feas 720 Legal and professional fees 7,080 4.680 7,860 5.400 8 Trustses No remuneration was paid to the Trustees and no expenses in￿rred by the Trustees have been reimbutsed. COOMBE-TENNANT FOUNDATION TRUSTEES, REPORT & FINANCIAL STATEMENTS 1 JANUARY 2020 TO 31 DECEMBER 2C120 NOTES TO THE ACCOUNTS 9 Employees The Foundation has no employees. None of the Trustees re￿1ve0 any remuneration. 2020 10 Investments Matkel value at the beginning of the year Add. addition5 al cost Less.. disposals proceeds AddldedLJCt. profitlllossl on dispo$81 Adijldeduct. nel gainlllossl on rev8lualion Matkel value at the end of the year 1,423.192 370.930 1382.5751 67.299 38.827 1,460.019 Cash hdd by Cazenove Capital Management 64.331 1,524.350 Disclosure of individual investments over S% of total portfolio value Any individual Investments Mlh a value 85 al 31 De￿rnber 2020 over £73.001 15h of £1.4fj0.01818re disd05ed below.. Value Name of holding CG Portfolio Fd Real Return A SchroderAbsolute UK Dynamic Fund Class P2 Acc Schroder Strategic Credit Funds S Inc Verilas Asset Mgl Global Equity 77.097 86.462 82.519 80.718 11 Cwditors.. amounts falling duo within on& y￿r 2020 2019 Independent Examiner's fee$ Leg818nd professional fees Grants to Charities 780 3,600 13,800 18,180 780 12 Movement In fvnds In¢omlng resource¥ Resour¢os Expended Other gain5 and losses Carried forward Broughl tonvard Unr68tri¢tad funds 1.547,725 27.360 44,894 28.472 1.558,863 12