Trustees’ Annual Report for the period
From 11 October 2023 To 10 October 2024
Charity name: The Thomas Moffitt Clark Charitable Trust Charity registration number: 1123591
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The Deed of the Settlement authorizes the trustees to apply the income or 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. The trustees will take into account the Letter of Wishes which requests that consideration be given to benefit the following charities: Guide Dogs for the Blind Great Ormond Street Hospital RSPB National Trust Sight Savers International World Cancer Research Fund Friends of the Lake District Eden Valley Hospice Orton & District Public Hall |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
In furtherance of the charity’s objects for the public benefit the trustees provide grants. |
==> picture [434 x 97] intentionally omitted <==
----- Start of picture text -----
Statement confirming Para 1.18 In determining the charity’s activities, the
whether the trustees have trustees have had regard to the Charity
had regard to the guidance Commission’s guidance on public benefit.
issued by the Charity
Commission on public
benefit
----- End of picture text -----
Additional information (optional)
You may choose to include further statements where relevant about:
==> picture [439 x 380] intentionally omitted <==
----- Start of picture text -----
SORP reference
Policy on grant making
Para 1.38
Policy on social investment
including program related Para 1.38
investment
Contribution made by
volunteers Para 1.38
Other
----- End of picture text -----
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | During the year under review the charity made no grants. |
Additional information (optional)
You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | |
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Review of the charity’s financial position at the end of the period |
Para 1.21 | At the end of the reporting period the charity had free reserves of £55,363 (2023: £22,172). In addition to the free reserves the charity has bank balances of £24,057 (2023: £7,506) and investments valued at £1,162,770 within the expendable endowment fund which can be released to support the activities of the charity. |
|---|---|---|
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | 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. |
| Amount of reserves held | Para 1.22 | |
| Reasons for holding zero reserves |
Para 1.22 | |
| Details of fund materially in deficit |
Para 1.24 | |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 |
Additional information (optional) You may choose to include further statements where relevant about:
The charity’s principal sources of funds (including any fundraising) Para 1.47 Investment policy and objectives including any social investment policy adopted
Para 1.46 A description of the principal risks facing the charity Para 1.46 Expendable endowment funds are those which are required to be invested to produce Other 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. Unrestricted income funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Trust deed dated 10 October 2007 |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Trust |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or bodyentitled |
Para 1.25 | Trustees are appointed by the existing trustees. |
to appoint one or more trustees
| Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
|---|---|---|
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | No trustee received any remuneration or was reimbursed any expenses in the year under review. Ludlow Trust Company Limited was paid £11,243 for trust administration services and £80 for cash management services during the year under review. These fees are authorised under clause 13 of the trust deed. |
| Other |
Reference and Administrative details
| Charity name | The Thomas Moffitt Clark Charitable Trust |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1123591 |
| Charity’s principal address | Trustee Department 1stFloor, Tower Wharf Cheese Lane, Bristol 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 |
||||
– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
| Type of adviser Name Address |
Type of adviser Name Address |
Type of adviser Name Address |
|---|---|---|
| Investment Managers | NatWest | 2ndFloor, Trinity Quay II, Avon Street, Bristol BS2 2DH |
| Bankers | NatWest | 2ndFloor, Trinity Quay II, Avon Street, Bristol BS2 2DH |
| Accountants | Charter Tax Consulting Limited |
1 Bedgebury Business Park, Forge Farm, Goudhurst, Cranbrook, Kent, TN17 2QZ |
| Independent Examiner | Geoffery 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)
Exemptions from disclosure
Reason for non-disclosure of key personnel details ~~BO~~ Other optional information ~~Oo~~ Declarations The trustees declare that they have approved the trustees’ report above. on behalf of the charity’s trustees Signature(s) ~~a~~ Full name(s) Chris Thurlow On behalf of Ludlow Trust Company Limited Position (eg Secretary, Trustee Chair, etc) Date 07 August 2025 ~~pF~~
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
| 11.10.2023 10.10.2024 1123591 The Thomas Moffitt Clark Charitable Trust Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee~~ |
11.10.2023 10.10.2024 1123591 The Thomas Moffitt Clark Charitable Trust Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee~~ |
11.10.2023 10.10.2024 1123591 The Thomas Moffitt Clark Charitable Trust Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee~~ |
11.10.2023 10.10.2024 1123591 The Thomas Moffitt Clark Charitable Trust Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee~~ |
11.10.2023 10.10.2024 1123591 The Thomas Moffitt Clark Charitable Trust Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee~~ |
11.10.2023 10.10.2024 1123591 The Thomas Moffitt Clark Charitable Trust Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee~~ |
11.10.2023 10.10.2024 1123591 The Thomas Moffitt Clark Charitable Trust Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee~~ |
11.10.2023 10.10.2024 1123591 The Thomas Moffitt Clark Charitable Trust Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee~~ |
11.10.2023 10.10.2024 1123591 The Thomas Moffitt Clark Charitable Trust Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee~~ |
CC16a ~~_~~ |
CC16a ~~_~~ |
|
|---|---|---|---|---|---|---|---|---|---|---|---|
| Section A Receipts and payments | |||||||||||
| Unrestricted funds |
Restricted funds |
Endowment funds |
Total funds | Last year | |||||||
| to the nearest £ | to the nearest £ | to the nearest £ | to the nearest £ | to the nearest £ | |||||||
| A1 Receipts | |||||||||||
| Income from investments | 31,555 | - | - | - | 31,555 | 25,410 | |||||
| Interest received | 2,255 | - | - | - | 2,255 | 1,018 | |||||
| - | - | - | - | - | - | ||||||
| - | - | - | - | - | - | ||||||
| - | - | - | - | - | - | ||||||
| - | - | - | - | - | - | ||||||
| - | - | - | - | - | - | ||||||
| - | - | - | - | - | - | ||||||
| Sub total(Gross income for AR) |
(Gross income for AR) 33,810 |
- | - | - | 33,810 | 26,428 | |||||
| A2 Asset and investment sales, (see table). Sale of investments - - 1,059,445 1,059,445 409,385 - - - - - Sub total - - 1,059,445 1,059,445 409,385 Total receipts 33,810 - 1,059,445 1,093,255 435,813 ~~——_———~~ |
|||||||||||
| A3 Payments | |||||||||||
| Grants awarded | - | - | - | - | - | 68,500 | |||||
| Investment manager fees (including VAT) | - | - | - | - | 5,191 | 5,191 | 5,191 | 5,191 | 5,191 | 5,191 5,216 |
5,216 |
| Trust administration fees (including VAT) | 11,243 | 11,243 | - | - | - 11,243 | - 11,243 | - 11,243 | - 11,243 | - 11,243 4,645 |
4,645 | |
| Independent examiners fees | 780 | - | - | - | 780 | 780 | |||||
| Cash management fee | 80 | - | - | - | 80 | 20 | |||||
| Bank charges | - | - | - | - | - | 18 | |||||
| Fee for obtaining probate | 2 | - | - | - | 2 | - | |||||
| - | - | - | - | - | - | ||||||
| - | - | - | - | - | - | ||||||
| **Sub total ** | 12,105 | - | 5,191 | 5,191 | 17,296 | 79,179 | |||||
| A4 Asset and investment purchases, (see table) Investmentpurchases - - 1,026,217 1,026,217 391,744 - - - - Sub total - - 1,026,217 1,026,217 391,744 Total payments 12,105 - 1,031,408 1,043,513 470,923 Net of receipts/(payments) 21,705 - 28,037 49,742 (35,110) A5 Transfers between funds 11,486 - (11,486) - - A6 Cash funds last year end 22,172 - 7,506 29,678 64,788 Cash funds this year end 55,363 - 24,057 79,420 29,678 ~~SS555=~~ ~~SS]]]~~ |
- 64,788 29,678 |
CCXX R1 accounts (SS)
07/08/2025
1
Section B Statement of assets and liabilities at the end of the period
| Unrestricted Restricted |
Endowment | ||||
|---|---|---|---|---|---|
| Categories | Details | funds funds |
funds | ||
| to nearest £ to nearest £ |
to nearest £ | ||||
| B1 Cash funds | - - 24,057 55,363 - - - - - 55,363 - 24,057 Total cash funds Capital account Income account ~~—====~~ |
||||
| (agree balances with receipts and payments | (agree balances with receipts and payments | ||||
| account(s)) | OK OK |
OK | |||
| Unrestricted Restricted |
Endowment | ||||
| funds funds |
funds | ||||
| Details | to nearest £ to nearest £ |
to nearest £ | |||
| B2 Other monetary assets | - - - - - - - - - - - - - - - - - - ~~—=_—=~~ |
||||
| Details | Fund to which asset belongs Cost (optional) |
Current value (optional) |
|||
| B3 Investment assets | Endowment - 1,162,770 - - - - - - - - Investment portfolio ~~se~~ |
||||
| Details | Fund to which asset belongs Cost (optional) |
Current value (optional) |
|||
| B4 Assets retained for the charity’s own use |
- - - - - - - - - - - - - - - - - - ~~eee~~ |
||||
| Fund to which Amount due |
When due | ||||
| Details | liability relates (optional) |
(optional) | |||
| Signed by one or two trustees on behalf of all the trustees B5 Liabilities CCXX R2 accounts (SS) |
- - - - Date of approval Print Name Chris Thurlow on behalf of Ludlow Trust CompanyLimited Signature 2 07/08/2025 07 August 2025 ~~——=~~ |
CCXX R2 accounts (SS)
Independent Examiner's Report to the Trustees of The Thomas Moffitt Clark Charitable Trust
I report to the charity trustees on my examination of the accounts of the charity for the year ended 10 October 2024.
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
-
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.
Geoffrey Frost BSc(Hons) FCA Date 08 August 2025 Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY