2021-05-31-accounts - The Bascule Charitable Trust

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Trustees' Annual Report for the period

Period start date Period end date Day Month Year Day Month Year From 01 June 2020 To 31 May 2021

Section A Reference and administration details

Charity name The Bascule Charitable Trust

Other names charity is known by

Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
1 Brian Malcolm Jay	(Settlor)
2 Susan Jane Jay	(Settlor)
Christopher Thomas Jay
4 Coutts & Co		To 6 April 2021
Ludlow Trust CompanyLimited		From 6 April 2021
6
7
8
9
10
11
12
13
14
15
16
17
18 ~~=~~	~~=~~	~~=~~	~~=~~

TAR

March 2012

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)
Type of adviser Name Address
Investment Managers	Coutts & Co	440 The Strand, London, WC2R 0QS
Bankers	Coutts & Co	440 The Strand, London, WC2R 0QS
Solicitors	TLT LLP	One Redcliff Street, Bristol BS1 6TP
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

Type of governing document

Trust deed dated 18 June 2008 as amended 15 December 2008

(eg. trust deed, constitution)

How the charity is constituted

Trust

(eg. trust, association, company)

Trustees are appointed by the settlors jointly during their lifetimes and Trustee selection methods subject to this by the trustees from time to time. (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 objects are to further such objects or purposes which are exclusively charitable according to the law of England and Wales in Any part of the world and in such manner 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 shall provide grants. 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 8 grants to 8 recipients achievements of the charity totalling £84,000 as set out in the notes to the accounts. during the year

TAR

March 2012

Section E Financial review At the end of the reporting period the charity had free reserves amounting Brief statement of the to £3,836 (2020: £16,555). charity’s policy on reserves In addition to the free reserves the charity has cash balances of £46,936 (2020: £102,995) and investments with a value of £432,177 within the expendable endowment fund which can be released to support the activities of the charity. 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)[Katherine Forder ] On behalf of Ludlow Trust Company Limited Position (eg Secretary, Chair, etc) Date 21 March 2022

TAR

March 2012

	Charity Name No (if any) The Bascule Charitable Trust 1127475 Receipts andpayments accounts For the period from Period start date To Period end date 01 June 2020 31 May2021 ~~a~~	Charity Name No (if any) The Bascule Charitable Trust 1127475 Receipts andpayments accounts For the period from Period start date To Period end date 01 June 2020 31 May2021 ~~a~~	Charity Name No (if any) The Bascule Charitable Trust 1127475 Receipts andpayments accounts For the period from Period start date To Period end date 01 June 2020 31 May2021 ~~a~~	Charity Name No (if any) The Bascule Charitable Trust 1127475 Receipts andpayments accounts For the period from Period start date To Period end date 01 June 2020 31 May2021 ~~a~~	Charity Name No (if any) The Bascule Charitable Trust 1127475 Receipts andpayments accounts For the period from Period start date To Period end date 01 June 2020 31 May2021 ~~a~~	Charity Name No (if any) The Bascule Charitable Trust 1127475 Receipts andpayments accounts For the period from Period start date To Period end date 01 June 2020 31 May2021 ~~a~~	CC16a ~~-~~
Section A Receipts and payments
	Unrestricted funds	Restricted funds		Endowment funds	Total funds	Total funds	Last year
	to the nearest £	to the nearest £		to the nearest £	to the nearest £		to the nearest £
A1 Receipts
Donations	-	-	-	-	-	-	150,000
Gift aid	-	-	-	25,000	25	25,000	12,500
Investment incom	4,986	-	-	-	4	4,986	7,960
Bank and deposit interest	10	-	-	-	10	10	328
	-	-	-	-	-	-	-
	-	-	-	-	-	-	-
	-	-	-	-	-	-	-
	-	-	-	-	-	-	-
*Sub total*(Gross income for AR)	(Gross income for AR) 4,996	-	-	25,000	29,996	29,996	170,788
A2 Asset and investment sales, (see table). Sale of investments *Sub total* *Total receipts*	- - 303,624 303,624 154,511 - - - - - Sub total - - 303,624 303,624 154,511 4,996 - 328,624 333,620 325,299 ~~SSS5—~~
A3 Payments
Grants awarded	84,000	-	-	-	84	84,000	119,000
Investment and administration fees	-	-	-	6,602	6	6,602	6,351
Independent examination	780	-	-	-	780	780	400
	-	-	-	-	-	-	-
	-	-	-	-	-	-	-
	-	-	-	-	-	-	-
	-	-	-	-	-	-	-
	-	-	-	-	-	-	-
	-	-	-	-	-	-	-
	-	-	-	-	-	-	-
**Sub total **	84,780	-	-	6,602	91,382	91,382	125,751
A4 Asset and investment purchases, (see table) Investmentpurchases - - 311,016 311,016 163,456 - - - - Sub total - - 311,016 311,016 163,456 *Total payments* 84,780 - 317,618 402,398 289,207 *Net of receipts/(payments)* (79,784) - 11,006 (68,778) 36,092 A5 Transfers between funds 67,065 - (67,065) - - A6 Cash funds last year end 16,555 - 102,995 119,550 83,458 *Cash funds this year end* 3,836 - 46,936 50,772 119,550 ~~—————=~~ ~~==>>>~~

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
		Unrestricted Restricted	Endowment
Categories	Details	funds funds	funds
		to nearest £ to nearest £	to nearest £
B1 Cash funds	- - (3,571) - - 50,507 3,836 - - 3,836 - 46,936 Capital account Reserve account Income account *Total cash funds* ~~SSS~~
	(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 - 432,177 - - - - - - Investment portfolio ~~——~~
	Details	Fund to which asset belongs Cost (optional)	Current value (optional)
B4 Assets retained for the charity’s own use	- - - - - - - - - - - - - - - - - - ~~===~~
		Fund to which Amount due	When due
	Details	liability relates (optional)	(optional)
B5 Liabilities	Trust administration Independent examination ~~—~~	Endowment 1,052 Unrestricted 780 - - - ~~=~~
Signed by one or two trustees on behalf of all the trustees	Signature ~~ad~~	Print Name Katherine Forder On behaf of Ludlow Trust Company Limited ~~ee~~	Date of approval 21 March 2022

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 Arundel Castle Cricket Foundation British Red Cross Society Cancer Research UK Children in Need Dame Vera Lynm Children's Charity Medecins Sans Frontiers UK The United Kingdom Committee for Unicef University of Cambridge	£ 3,000 10,000 10,000 1,000 1,000 5,000 2,000 52,000
		84,000

	During the period under review Coutts & Co, a trustee of the charity, were paid fees for the provision of administration and investment management services amounting to £6,602 (2020: £6,351) as authorised under clause 6 of the trust deed. No trustee received any remuneration nor reimbiursed any expenses in the year under review.

CCXX R8 accounts (SS)

Independent Examiner's Report to the Trustees of The Bascule Charitable Trust

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 May 2021 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.

21 March 2022

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