Trustees' Annual Report for the period
Period start date
To
2
Day Month Year From 01 June 2021
Period end date Day Month Year 31 May 2022
Section A Reference and administration details
Charity name The Bascule Charitable Trust
Other names charity is known by
Registered charity number (if any) 1127475 Charity's principal address Trustee Department 1[st] Floor, Tower Wharf Cheese Lane, Bristol Postcode BS2 0JJ ~~ee~~ Names of the charity trustees who manage the charity Dates acted if not for whole Name of person (or body) entitled Trustee name Office (if any) year to appoint trustee (if any) 1 Brian Malcolm Jay (Settlor) 2 Susan Jane Jay (Settlor) 3[Christopher ] Thomas Jay Appointed 10 February 4[Jane Le Maitre ] 2022 5[Ludlow Trust ] Company Limited 6 7 8 9 10 11 12 13 14 15 16 17 18 ~~ee~~ Names of the trustees for the charity, if any, (for example, any custodian trustees) Name Dates acted if not for whole year
TAR
March 2012
1
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
Trust deed dated 18 June 2008 as amended 15 December 2008 Type of governing document (eg. trust deed, constitution) Trust How the charity is constituted (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)
- (eg. trust, association, company)
Additional governance issues (Optional information)
You may choose to include additional information, where relevant, about:
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policies and procedures adopted for the induction and training of trustees;
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the charity’s organisational structure and any wider network with which the charity works;
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relationship with any related parties;
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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
2
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:
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policy on grantmaking;
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policy programme related investment;
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contribution made by volunteers.
TAR
March 2012
3
Section D Achievements and performance
Summary of the main During the year under review the charity made 8 grants to 5 recipients achievements of the charity totalling £76,000 as set out in the notes to the accounts. during the year
TAR
March 2012
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Section E Financial review
At the end of the reporting period the charity had free reserves amounting Brief statement of the to £5,608 (2021: £3,836). charity’s policy on reserves In addition to the free reserves the charity has cash balances of £83,524 (2021: £46,936) and investments with a value of £417,571 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 28 March 2023 TAR 5 March 2012
March 2012
5
| 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 2021 31 May2022 ~~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 2021 31 May2022 ~~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 2021 31 May2022 ~~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 2021 31 May2022 ~~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 2021 31 May2022 ~~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 2021 31 May2022 ~~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 2021 31 May2022 ~~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 2021 31 May2022 ~~a~~ |
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 | ||||||||||
| Donations | - | - | - | 100,000 | 100,000 | - | ||||
| Gift aid | - | - | - | - | - | 25,000 | ||||
| Investment incom | 7,772 | - | - | - | 7,772 | 4,986 | ||||
| Bank and deposit interest | 13 | - | - | - | 13 | 10 | ||||
| - | - | - | - | - | - | |||||
| - | - | - | - | - | - | |||||
| - | - | - | - | - | - | |||||
| - | - | - | - | - | - | |||||
| Sub total(Gross income for AR) |
(Gross income for AR) 7,785 |
- | - | 100,000 | 107,785 | 29,996 | ||||
| A2 Asset and investment sales, (see table). Sale of investments Sub total Total receipts |
- - 169,777 169,777 303,624 - - - - - Sub total - - 169,777 169,777 303,624 7,785 - 269,777 277,562 333,620 ~~SSS5—~~ |
|||||||||
| A3 Payments | ||||||||||
| Grants awarded | 76,000 | - | - | - | 76,000 | 84,000 | ||||
| Investment and administration fees | - | - | - | 1,952 | 1,952 | 6,602 | ||||
| Independent examination | 780 | - | - | - | 780 | 780 | ||||
| Administrative services | 4,709 | - | - | - | 4,709 | - | ||||
| Legal fees | 360 | - | - | - | 360 | - | ||||
| - | - | - | - | - | - | |||||
| - | - | - | - | - | - | |||||
| - | - | - | - | - | - | |||||
| - | - | - | - | - | - | |||||
| - | - | - | - | - | - | |||||
| **Sub total ** | 81,849 | - | - | 1,952 | 83,801 | 91,382 | ||||
| A4 Asset and investment purchases, (see table) Investmentpurchases - - 155,401 155,401 311,016 - - - - Sub total - - 155,401 155,401 311,016 Total payments 81,849 - 157,353 239,202 402,398 Net of receipts/(payments) (74,064) - 112,424 38,360 (68,778) A5 Transfers between funds 75,836 - (75,836) - - A6 Cash funds last year end 3,836 - 46,936 50,772 119,550 Cash funds this year end 5,608 - 83,524 89,132 50,772 ~~—————=~~ ~~==>>>~~ |
CCXX R6 accounts (SS)
6
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 | - - 83,524 - - - 5,608 - - 5,608 - 83,524 Capital account Reserve account Income account Total cash funds ~~————_—~~ |
|||||
| (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 - 417,571 - - - - - - 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 | Endowment 333 Unrestricted 780 Unrestricted 752 - - Investment management Independent examination Administrative services ~~===~~ |
|||||
| Signed by one or two trustees on behalf of all the trustees |
Date of approval Signature Print Name Katherine Forder On behaf of Ludlow Trust Company Limited 28 March 2023 ~~ore~~ ~~es~~ |
CCXX R7 accounts (SS)
7
Section C Notes to the Accounts
C1 Nature and purpose of funds (may be Expendable endowment funds are those which are required to be invested to produce income but which may be stated on analysis of funds worksheets) 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.
| C2 Grants to institutions C3 Related party transactions |
Recipient - 1 grant unless annotated Arundel Castle Cricket Foundation 2 grants British Red Cross Society 2 grants Cancer Research UK Medecins Sans Frontiers UK 2 grants Reaching Families Limited |
£ 6,000 20,000 10,000 15,000 25,000 |
|---|---|---|
| 76,000 | ||
| During the period under review Ludlow Trust Company Limited, a trustee of the charity, was paid fees for the provision of administrative services amounting to £4,709 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)
8
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 2022 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.
Geoffrey Frost BSc(Hons) FCA fil Date Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY
28 March 2023
9