# **THE AUDREY EMMA LAMB CHARITABLE TRUST FOR THE WELFARE OF ANIMALS AND BIRDS (Registered Charity No: 1114747)** **Trustees’ Report For the year ended 31[st] December 2020** The Trustees have pleasure in presenting their report, together with the financial statements for the year ending 31[st] December 2020 ## **Legal and administrative details** The Audrey Emma Lamb Charitable Trust is a charitable trust number 1114747, governed by the provisions of the Will of the late Audrey Emma Lamb dated the 30[th] day of August 1996 and proved by the executors named therein on the 28[th] day of May 2004 in the Winchester District Probate Registry ## **Trustees and Administrators** The Trustees are: Mrs A J Hill – Chair Mrs E Smith Mrs K J Codrington Mr I C Codrington (resigned 17.11.2020) Mr D K Porter (resigned 17.11.2020) The principal address is: The Courtyard, 30a Mill Street Bedford MK40 3HD The bankers are: Nat West Bank PLC 81 High Street Bedford MK40 1NE The independent examiners are: Garner Associates Chartered Certified Accountants 138 Bromham Road Bedford MK40 2QW New trustees are appointed by the Trustees after discussion with the existing Trustees and consideration of their suitability. The maximum number is four. 1 ## **THE AUDREY EMMA LAMB CHARITABLE TRUST FOR THE WELFARE OF ANIMALS AND BIRDS** ## **Trustees’ Report For the year ended 31[st] December 2020** ## **Statement of Trustees’ responsibilities** The Trustees are aware of their responsibilities to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of its financial activities for that period. In preparing the accounts the Trustees have accepted the requirement to: - - Select suitable accounting policies and the apply them consistently, - Make judgements and estimates that are reasonable and prudent, - State whether the policies adopted are in accordance with the Charities Statement of Recommended Practice and with applicable accounting standards, subject to any material departures disclosed and explained in the financial statements, and Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. They accept responsibility for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## **Structure, governance and management** The Audrey Emma Lamb Charitable Trust is registered with the Charity Commission on the basis that it is established for charitable purposes and operates in accordance with the Will of the late Audrey Emma Lamb dated the 30[th] day of August 1996. The Trustees are experienced and actively involved in the Trust. The day to day management of the Trust is delegated to the Trustee Amanda Jane Hill. 2 ## **THE AUDREY EMMA LAMB CHARITABLE TRUST FOR THE WELFARE OF ANIMALS AND BIRDS** ## **Trustees’ Report For the year ended 31[st] December 2020** ## **Public Benefit Policy** The Trustees have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing our Aims and Objectives and in planning activities ## **Objective** The basic aim of the Trust is “at the Trustees sole discretion to apply the income for the benefit of named charities or such other charities as the Trustees shall decide in such shares as they think fit” In fulfilment of the above aim the Trustees believe that the assets and income should be used to support organisations that are concerned with animals or birds and in particular with their welfare or rescue from ill-treatment or abandonment. The Trustees are of the view that their support of organisations as stated is for the public benefit. ## **Investment policy** The Trustees decided that in view of the negative impact of coronavirus on investment income they would defer making any further grants until 2021 when they could review the income for the preceding year and the likely income for 2021. Although dividend and interest income declined by 17.7% in 2020, the Trustees are pleased to report that the capital value of the investments had fallen by a more modest 3.4%. As a result, the trust’s investment policy includes an all-important element of longer term strategy as well as income. ## **Activities and achievements** The Property is managed by professional letting agents and both flats were occupied throughout the year. Expenses were minimal and the Trustees awarded grants in the year totalling £2,000. ## **Organisational Structure** The Trust operates on a day to day basis through the Trustees who are actively involved with all operations of the Trust. All decisions are made by the Trustees as a body. 3 ## **THE AUDREY EMMA LAMB CHARITABLE TRUST FOR THE WELFARE OF ANIMALS AND BIRDS** ## **Trustees’ Report For the year ended 31[st] December 2020** ___________________________________________________________ ## **Reserves Policy** The Trust’s reserve policy has as its main objective: 1. To maintain the Trust’s investment portfolio so as to to provide long-term security, with a steady income flow to carry out the Trust’s objectives 2. To hold any unused income both for emergencies and future grants. ## **Risk assessment and management** The Trustees note the financial risks faced by the charitable company both in relation to its property and investments and the need to review its investments regularly. The Investment Managers provide regular reports and are fully aware of the Trust’s need to generate income, so as to avoid spending the original capital investment. A meeting is held at least once a year with the Trust’s account manager. Approved by the Trustees on the 30[th] day of August 2021 and signed on their behalf by: Mandy Hill Amanda J Hill **Trustee** 4 CHARITY COMMISSION FOR ENGLAND AND WALES 1114747 W•lfaro ofAnfmal$ and Bird5 Recei tsand ments accounts CC16a Forthe period 01101r2tr20 To 31112r2020 Section A Receipts and payments Unrestricted fvnds Restricted End0V￿￿ent funds funds I￿ar*s1 £ tothe n￿lISt£ tothè nearp5t£ tfj thè hwrpst£ Total funds Last year tolho n•arè8t £ A1 R￿e1 Rental Ineome Investment Income Bank Interest 16 10 10 22 AR) 50,849 etan see table . Investment sa A3Pa ents Pro nses Pro Mana ernent Fees Profe$sional Fees Donatons Made Insurance 1,451 1.973 4179 1,698 1,973 780 562 562 Sub total 6.766 6,766 37.757 A4 Assèt #nd investh)ent Sub total 6.766 6.766 37,757 Net of r8ceipts/(payments) AS Transfèrs bètween funds A6 Ca$h fund5 last year ènd Cash funds this year end 083 18.226 39,961 18.226 CCXX R1 a¢couDts ISS) 26109r2021 Section B Statement of assets and liabilities at the end of the period Unrestricted funds Restricted funds to noarest£ Endowment fijnds to r￿are51£ Categories Details 81 Cash funds Current 72.951 11,093 Totslcash fvnds b*n￿ wth rec*ipts and Unr•strlet¢d funds to nAarest£ Restricted lunds to rthrE5t£ Endowment funds Detsils to n￿[￿$t£ Fund to vthKh Details Irweslment Portlr ¢(*tl(WioMD Current value ona B3 Investment a88ets 1.013.082 Rental Pr¢¥ety FuThJtowhith CuivEntvalue Details B4 Assets retsinod for the charty's own use FundtOT*hich Arnountt1u8 wh￿ Details BS Liabilities S￿ned by one or two tntsttts on behalf of au the trustee5 SvJnabJre Print Name Date of roval AMA￿tyA HILL CCXX R2 acwunts ISSI CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examinor's Report Report to the trusteesl members of The Audrey Emma Lamb Charitable Trust for the Welfare OfAnimals And Birds On accounts for the year ended 31, December 2020 Charity no lif any) 1114747 Set out on pages 1to2 I report lo the trustees on my examination of the accounts of the above charity I'the Trust"} for the year ended 3111212020 Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with th8 requirements of Ihe Charities Act 2011 {"the Act,). I report in respect of my examination of Ihe Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 14515)(b) of Ihe Act. I have completed my examination. I confirm that no material matters have come to my allention {other than that disclosed below°} in connection with the examination which gives me cause to believe that in, any material respect.. accounting records were not kept in accordance wilh section 130 of the Act or the accounts do not accord with the accounting records Independent examiner's statement I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in order lo enable a proper understanding of the accounts to be reached. Please delete the words in the braGkets ilth8y do not apply. Signed: Date: 231912021 Name: Garner Associates LLP Relevant professional qualification(sl or body (if anyl- FCCA Address". 138 Bromham Road Bedford Mk40 2QW IER October 2018 Seclion B Disclosure Only complete if the examiner needs lo highlight matters of con￿rn (see CC32, Independent examination of charity accounts.. directions and guidance for examiners). Give here brief details of any items that the examiner wishes to disclose. IER October 2018