DocuSign Envelope ID: CB05EE64-439A-49C5-B305-F189BA0EF479
Trustees' Annual Report for the period
| Period start date | Period start date | Period end date | Period end date | ||||
|---|---|---|---|---|---|---|---|
| Day | Month | Year | Day | Month | Year | ||
| From | 01 | February | 2020 | To | 31 | January | 2021 |
Section A Reference and administration details
Charity name The Pell Charitable Trust
Other names charity is known by Registered charity number (if any) 1135398
Charity's principal address Trustee Department 1[st] Floor, Trinity Quay 1 Avon Street, Bristol Postcode BS2 0PT
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) |
|---|---|---|---|---|
| Gordon Francis Pell | ||||
| Marian Priscilla Pell | ||||
| Oliver Pell | ||||
| Victoria Pell | ||||
| Coutts & Co | ||||
Names of the trustees for the charity, if any, (for example, any custodian trustees)
Name Dates acted if not for whole year
Names and addresses of advisers (Optional information)
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March 2012
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DocuSign Envelope ID: CB05EE64-439A-49C5-B305-F189BA0EF479
| Type of adviser Name Address |
Type of adviser Name Address |
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 Redcliffe 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 19 March 2010 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, or survivors of them, during
-
Trustee selection methods their lifetimes and subject to this by the trustees.
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(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;
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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
The objects of the charity are to further such objects or purposes which are exclusively charitable according to the law of England and Wales in Summary of the objects of the any part of the world and in such manner as the trustees may in their charity set out in its absolute discretion think fit. governing document
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DocuSign Envelope ID: CB05EE64-439A-49C5-B305-F189BA0EF479
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;
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contribution made by volunteers.
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March 2012
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DocuSign Envelope ID: CB05EE64-439A-49C5-B305-F189BA0EF479
Section D Achievements and performance
Summary of the main During the year under review the charity made grants totalling £83,155 as achievements of the charity set out in the notes to the accounts. during the year
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DocuSign Envelope ID: CB05EE64-439A-49C5-B305-F189BA0EF479
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 £2,729 (2019: £3,174).
In addition to the free reserves the charity has bank balances of £118,941 (2019: £108,291) and investment assets of £670,222 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:
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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.
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)[Sam Pride ] On behalf of Coutts & Co Position (eg Secretary, Chair, etc)
Date 06 September 2021
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DocuSign Envelope ID: CB05EE64-439A-49C5-B305-F189BA0EF479
| Charity Name The Pell Charitable Trust |
No (if any) 1135398 |
|---|---|
Receipts and payments accounts
CC16a
For the period Period start date Period end date To from 01 February 2020 31 January 2021
Section A Receipts and payments
| A1 Receipts | Unrestricted funds to the nearest £ - - 10,069 120 - - - - 10,189 - - - 10,189 83,155 - 740 - - - - - - 83,895 - - - 83,895 (73,706) 73,261 3,174 2,729 |
Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Endowment funds to the nearest £ - - - - - - - - - 522,019 - 522,019 522,019 - 9,742 - - - - - - - 9,742 428,366 - 428,366 438,108 83,911 (73,261) 108,291 118,941 |
Total funds to the nearest £ - - 10,069 120 - - - - 10,189 522,019 - 522,019 532,208 83,155 9,742 740 - - - - - - 93,637 428,366 - 428,366 522,003 10,205 |
Total funds to the nearest £ - - 10,069 120 - - - - 10,189 522,019 - 522,019 532,208 83,155 9,742 740 - - - - - - 93,637 428,366 - 428,366 522,003 10,205 |
Last year to the nearest £ |
|---|---|---|---|---|---|---|
| Donations | - | 150,000 | ||||
| Gift aid | - | 37,500 | ||||
| Investment income | 10,069 | 12,570 | ||||
| Income from bank interest | 120 | 822 | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| Sub total(Gross income for AR) |
10,189 | 200,892 | ||||
| A2 Asset and investment sales, (see table). |
||||||
| Sale of investments | - | 250,056 | ||||
| - | - | |||||
| Sub total | - | 250,056 | ||||
| Total receipts A3 Payments |
||||||
| 450,948 | ||||||
| Grants awarded | 83,155 | 85,771 | ||||
| Inv mgmt and admin | - | 8,896 | ||||
| Independent examiner | 740 | 400 | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| **Sub total ** | 83,895 | 95,067 | ||||
| A4 Asset and investment purchases, (see table) |
||||||
| Investmentpurchases | - | 398,408 | ||||
| - | ||||||
| **Sub total ** | - | 398,408 | ||||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end **Cash funds this year end ** |
||||||
| 493,475 | ||||||
| (73,706) | - | 83,911 | 10,205 | (42,527) | ||
| 73,261 | - | (73,261) | - | - | ||
| 3,174 | - | 108,291 | 111,465 | 153,992 | ||
| 2,729 | - | 118,941 | 121,670 | 111,465 |
CCXX R6 accounts (SS)
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DocuSign Envelope ID: CB05EE64-439A-49C5-B305-F189BA0EF479
| 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 | Endowment funds to nearest £ 7,584 - 111,357 - - - 118,941 OK Endowment funds to nearest £ - - - - - - Current value (optional) 670,222 - - - - Current value (optional) - - - - - - - When due (optional) Date of approval 06 September 2021 |
|---|---|---|---|
| Categories Signed by one or two trustees on behalf of all the trustees B1 Cash funds B2 Other monetary assets B3 Investment assets B4 Assets retained for the charity’s own use B5 Liabilities CCXX R7 acconts (SS) |
(agree balances with receipts and payments account(s)) Capital account Income account 2 Reserve account 2 Total cash funds Income account Reserve account Capital account 2 Details Details Investments Details Details Inv mgmt and admin Independent axamination Signature 7 |
Unrestricted funds Restricted funds to nearest £ to nearest £ - - 2,729 - - - - - - - - - 2,729 - 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 874 Unrestricted 780 - - - Print Name Sam Pride On behaf of Coutts & Co |
CCXX R7 accounts (SS)
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DocuSign Envelope ID: CB05EE64-439A-49C5-B305-F189BA0EF479
Section C Notes to the 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. |
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 payment unless annotated Barnardos Benslow Music Trust British Heart Foundation Buckinghamshire Community Foundation Buckinghamshire Music Trust Cancer Research UK Chiltern Food Bank Donmar Warehouse Projects Limited English National Opera Garsington Opera Ltd 2 grants Loughborough Festival Opera Medecins Sans Frontieres UK National Emergencies Trust National Trust Royal Opera House Covent Garden Foundation 2 grants Royal Welsh College of Music and Drama St John Ambulance St Mungos Fundraising The British Red Cross The National Foundation for Youth Music The Royal National Theatre The Woodland Trust University of Southampton 2 grants Welsh National Opera Ltd |
£ 1,000 1,000 1,000 1,000 5,000 1,000 1,000 2,350 2,500 9,750 3,375 1,000 1,000 5,000 21,200 500 1,000 1,000 1,000 1,000 1,480 4,000 11,000 5,000 |
|
| 83,155 | ||
| No trustee received any remuneration nor reimbiursed any expenses in the year under review. During the year under review Coutts & Co, a trustee of the charity, were paid fees for the provision of administration and investment management services amounting to £9,742 (2020: £8,896) as authorised under clause 6 of the trust deed. |
CCXX R8 accounts (SS)
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DocuSign Envelope ID: CB05EE64-439A-49C5-B305-F189BA0EF479
Independent Examiner's Report to the Trustees of The Pell Charitable Trust
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 January 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.
06 September 2021
Geoffrey Frost BSc(Hons) FCA Date Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY
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