Trustees' Annual Report for the period
Period start date Period end date Day Month Year Day Month Year From 01 September 2020 To 31 August 2021
Section A Reference and administration details
Charity name The Monatrea 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) |
|---|---|---|---|
| Mary Frances Vernon |
Settlor | ||
| Patrick John Stephen Vernon |
|||
| Ludlow Trust CompanyLimited |
From 06/04/2021 | ||
| 4 Coutts & Co | To 05/04/2021 | ||
| 5 | |||
| 6 | |||
| 7 | |||
| 8 | |||
| 9 | |||
| 10 | |||
| 11 | |||
| 12 | |||
| 13 | |||
| 14 | |||
| 15 | |||
| 16 | |||
| 17 | |||
| 18 ~~=~~ |
~~=~~ | ~~=~~ | ~~=~~ |
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
Type of governing document
Trust deed dated 11 September 2009
- (eg. trust deed, constitution)
How the charity is constituted
Trust
- (eg. trust, association, company)
Trustees are appointed the settlor during her lifetime after which time Trustee selection methods trustees may be appointed 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:
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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 of the trust are to apply the income and, at the absolute discretion of the trustees, the capital of the trust in promoting the objects in such manner as the Trustees in their absolute discretion think fit and in doing so may make grants and donations to such institutions, foundations, trusts, individuals and undertakings, at such time and in such manner as the trustees in their absolute discretion think fit.
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March 2012
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In furtherance of the charity’s objects for the public benefit the trustees provides 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;
-
contribution made by volunteers.
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March 2012
3
Section D Achievements and performance
Summary of the main During the year under review the charity made 4 grant payments to 2 achievements of the charity institutions totalling £163,750 as set out in the notes. during the year
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March 2012
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Section E Financial review ~~ee~~
Brief statement of the
charity’s policy on reserves
At the end of the reporting period the charity had free reserves amounting to £4,994 (2020: £2,668).
In addition to the free reserves the charity has £52,478 (2020: £59,924) and investment assets of £384,973 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);
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how expenditure has supported the key objectives of the charity;
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investment policy and objectives including any ethical investment policy adopted.
~~ee~~ Section F Other optional information
Section G Declaration ~~ee~~ The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees Signature(s) ~~Forder alanine~~ Full name(s)[Katherine Forder ] On behalf of Ludlow Trust Company Limited Position (eg Secretary, Chair, etc) ~~ee~~ Date ~~STS~~ 01 June 2022
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March 2012
| Charity Name | No (if any) | No (if any) | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| The Helianthus Charitable Trust | 1130451 | ||||||||||
| Receipts andpayments accounts | CC16a | ||||||||||
| For the period from ~~ee~~ |
Period start date 01 August 2020 ~~ee~~ |
To ~~ee~~ |
Period end date 31 July 2021 |
||||||||
| Section A Receipts and payments | 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 | |||||||||||
| Addition to trust | - | - | 100,000 | 100 | 100,000 | 100,000 | |||||
| Gift aid received | - | - | 25,000 | 25 | 25,000 | - | |||||
| Income from investments | 6,323 | - | - | 6 | 6,323 | 8,834 | |||||
| Income from bank interest | 4 | - | - | 4 | 4 | 292 | |||||
| - | - | - | - | - | - | ||||||
| - | - | - | - | - | - | ||||||
| - | - | - | - | - | - | ||||||
| - | - | - | - | - | - | ||||||
| Sub total(Gross income for AR) |
(Gross income for AR) 6,327 |
- | 125,000 | 131,327 | 131,327 | 109,126 | |||||
| A2 Asset and investment sales, (see table). Sale of investments - - 309,560 309,560 310,258 - - - - - Sub total - - 309,560 309,560 310,258 Total receipts 6,327 - 434,560 440,887 419,384 ~~—————~~ |
|||||||||||
| A3 Payments | |||||||||||
| Grants awarded | 163,750 | - | - | 163 | 163,750 | 225,894 | |||||
| Inv mgmt and admin | - | - | 5,030 | 5 | 5,030 | 7,362 | |||||
| Independent examiner | 780 | - | - | 780 | 780 | 1,620 | |||||
| Bank charges | - | - | - | - | - | 105 | |||||
| Administrative fees | 956 | - | - | 956 | 956 | - | |||||
| - | - | - | - | - | - | ||||||
| - | - | - | - | - | - | ||||||
| - | - | - | - | - | - | ||||||
| - | - | - | - | - | - | ||||||
| **Sub total ** | 165,486 | - | 5,030 | 170,516 | 170,516 | 234,981 | |||||
| A4 Asset and investment purchases, (see table) Investmentpurchases - - 275,491 275,491 239,157 - - - - Sub total - - 275,491 275,491 239,157 Total payments 165,486 - 280,521 446,007 474,138 Net of receipts/(payments) (159,159) - 154,039 (5,120) (54,754) A5 Transfers between funds 161,485 - (161,485) - - A6 Cash funds last year end 2,668 - 59,924 62,592 117,346 Cash funds this year end 4,994 - 52,478 57,472 62,592 ~~———=—~~ ~~SS]]~~ |
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 | - - 52,478 - - - 4,994 - - 4,994 - 52,478 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) |
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| B3 Investment assets | Endowment - 384,973 - - - - - - Investment portfolio ~~——~~ |
||||
| Details | Fund to which asset belongs Cost (optional) |
Current value (optional) |
|||
| B4 Assets retained for the charity’s own use |
- - - - - - - - - - - - - - - - - - ~~===>~~ |
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| Fund to which Amount due |
When due | ||||
| Details | liability relates (optional) |
(optional) | |||
| B5 Liabilities | Endowment 307 Unrestricted 780 - - - Investment management Independent examiner ~~===~~ |
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| Signed by one or two trustees on behalf of all the trustees |
Date of approval Signature Print Name Katherine Forder On behalf of Ludlow Trust Company Limited 01 June 2022 ~~per~~ ~~ee~~ |
CCXX R7 accounts (SS)
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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 One grant payment and UK unless indicated Dr Ambrosoli Medical Centre Uganda Samata Hospital Nepal 3 payments |
£ 13,750 150,000 |
|
| 163,750 | ||
| No trustee received any remuneration nor reimbiursed any expenses in the year under review. Coutts & Co, a trustee of the charity for part of the year under review, were paid fees for the provision of administration and investment management services amounting to £5,030 (2020: £7,362). Ludlow Trust Company Limited, a trustee for part of the year under review was paid £956 for administrative services. These fees are authorised under clause 6.2 of the trust deed. |
CCXX R8 accounts (SS)
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Independent Examiner's Report to the Trustees of The Monatrea Charitable Trust
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 August 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.
01 June 2022
Geoffrey Frost BSc(Hons) FCA Date Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY
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