**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:
- 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**
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:
- policy on grantmaking;
- policy programme related investment;
- 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**
4
## **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:
1. 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