Trustees' Annual Report for the period
Period start date Period end date Day Month Year Day Month Year From 10 September 2019 To 09 September 2020
Section A Reference and administration details
Charity name The Ian Keith and Sylvia Keith Charitable Trust
Other names charity is known by
Registered charity number (if any) 1132712
| Charity's principal address | Trustee Department |
Trustee Department |
|---|---|---|
| 1stFloor, Tower Wharf | ||
| Cheese Lane, Bristol | ||
| Postcode | 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 20 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Royal Bank of Scotland Plc |
To 05/04/2021 | |||
| Ludlow Trust CompanyLimited |
From 06/04/2021 | |||
Names of the trustees for the charity, if any, (for example, any custodian trustees)
Name Dates acted if not for whole year
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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 | Royal Bank of Scotland Plc |
440 The Strand, London, WC2R 0QS |
| Bankers | Royal Bank of Scotland Plc |
440 The Strand, London, WC2R 0QS |
| Solicitors | Hugh James | Hodge House, 114-116 St Mary Street, Cardiff, CF10 1DY |
| Independent Examiners | 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 10 September 2009 Type of governing document (eg. trust deed, constitution) Trust
How the charity is constituted
- (eg. trust, association, company)
Trustees are appointed by the existing trustees. Trustee selection methods
- (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 of the Trust are to further such objects or purposes which are exclusively charitable, by the application of income or capital, 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.
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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:
-
policy on grantmaking;
-
policy programme related investment;
-
contribution made by volunteers.
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Section D Achievements and performance
Summary of the main During the year under review the charity made 24 grant awards to 12 achievements of the charity institutions totalling £62,058 (2019: 21 grants to 13 institutions totalling during the year £32,370) as set out in the notes.
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Section E Financial review
Brief statement of the
charity’s policy on reserves
At the end of the reporting period the charity had free reserves amounting to £1,830 (2019: £16,992).
In addition to the free reserves the charity has bank balances of £5,070 (2019: £67,798) and investment assets of £2,134,850 (2019: £2,136,166) within the expendable endowment fund.
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)[Debra Worthing ] On behalf of Ludlow Trust Company Limited Position (eg Secretary, Chair, etc) Date 15 July 2021
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| Charity Name | No (if any) | ||||
|---|---|---|---|---|---|
| The Ian Keith and Sylvia Keith Charitable Trust | 1132712 | ||||
| Receipts andpayments accounts | CC16a | ||||
| For the period from |
Period start date 10 September 2019 |
To | Period end date 09 September 2020 |
Section A Receipts and payments
| A1 Receipts | Unrestricted funds to the nearest £ - - 36,682 214 - - - - 36,896 - - - 36,896 62,058 - 740 - - - - - - 62,798 - - - 62,798 (25,902) 10,740 16,992 1,830 |
Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Endowment funds to the nearest £ - - - - - - - - - 993,301 - 993,301 993,301 - 33,320 - - - - - - - 33,320 1,011,969 - 1,011,969 1,045,289 (51,988) (10,740) 67,798 5,070 |
Total funds to the nearest £ - - 36,682 214 - - - - 36,896 993,301 - 993,301 1,030,197 62,058 33,320 740 - - - - - - 96,118 1,011,969 - 1,011,969 1,108,087 (77,890) |
Total funds to the nearest £ - - 36,682 214 - - - - 36,896 993,301 - 993,301 1,030,197 62,058 33,320 740 - - - - - - 96,118 1,011,969 - 1,011,969 1,108,087 (77,890) |
Last year to the nearest £ |
|---|---|---|---|---|---|---|
| Addition to trust | - | 300,000 | ||||
| Gift aid received | - | - | ||||
| Income from investments | 36,682 | 46,759 | ||||
| Income from bank interest | 214 | 369 | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| Sub total(Gross income for AR) |
36,896 | 347,128 | ||||
| A2 Asset and investment sales, (see table). |
||||||
| Sale of investments | - | 804,454 | ||||
| - | - | |||||
| Sub total | - | 804,454 | ||||
| Total receipts A3 Payments |
||||||
| 1,151,582 | ||||||
| Grants awarded | 62,058 | 32,370 | ||||
| Inv mgmt and admin | - | 28,819 | ||||
| Independent examiner | 740 | 400 | ||||
| Bank charges | - | - | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| **Sub total ** | 62,798 | 61,589 | ||||
| A4 Asset and investment purchases, (see table) |
||||||
| Investmentpurchases | - | 1,088,608 | ||||
| - | ||||||
| **Sub total ** | - | 1,088,608 | ||||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end **Cash funds this year end ** |
||||||
| 1,150,197 | ||||||
| (25,902) | - | (51,988) | (77,890) | 1,385 | ||
| 10,740 | - | (10,740) | - | - | ||
| 16,992 | - | 67,798 | 84,790 | 83,405 | ||
| 1,830 | - | 5,070 | 6,900 | 84,790 |
CCXX R6 accounts (SS)
6
| 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 | |
|---|---|---|---|
| Categories Signed by one or two trustees on behalf of all the trustees B5 Liabilities B4 Assets retained for the charity’s own use B3 Investment assets B2 Other monetary assets B1 Cash funds |
Signature Inv mgmt and admin Examiner's fees Details Details Details Investment portfolio Details (agree balances with receipts and payments account(s)) Details Capital account Income account Total cash funds |
Unrestricted funds Restricted funds to nearest £ to nearest £ - - 1,830 - - 1,830 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) Endowment - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) Endowment 6,382 Unrestricted 780 - - - Print Name Debra Worthing On behaf of Ludlow Trust Company Limited |
Endowment funds to nearest £ |
| 5,070 | |||
| - | |||
| - | |||
| 5,070 | |||
| OK | |||
| Endowment funds to nearest £ |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| 2,134,850 | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
|||
| Date of approval |
|||
| 15 July 2021 | |||
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 Recipient - 1 grant unless annotated Animal Rescue Cyprus 3 grants Battersea Dogs & Cats Home 2 grants Canine Concern Scotland Trust (THERAPET) Cats in Need Cyprus 3 grants Cats Protection League 2 grants Dogs Trust (formerly National Canine Defence League) 2 grants Essex Horse and Pony Protection Society Guide Dogs for the Blind Association 2 grants Harper Asprey Wildlife Rescue PDSA (Peoples Dispensary for Sick Animals) 2 grants SNIP International 3 grants The Donkey Sanctaury 2 grants |
£ 34,608 1,000 50 7,500 100 5,000 50 1,000 50 5,000 7,500 200 |
|---|---|
| 62,058 |
C3 Related party transactions
No trustee received any remuneration nor reimbiursed any expenses in the year under review.
During the year under review Royal Bank of Scotland Plc, a trustee of the charity, were paid fees for the provision of administration and investment management services amounting to £33,320 (2019: £28,819) as authorised under clause 13 of the trust deed.
CCXX R8 accounts (SS)
8
Independent Examiner's Report to the Trustees of The Ian Keith and Sylvia Keith Charitable Trust
I report to the charity trustees on my examination of the accounts of the charity for the year ended 09 September 2020 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.
15 July 2021 Geoffrey Frost BSc(Hons) FCA Date Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY
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