2023-10-30-accounts

	The Ashla Charitable Trust	The Ashla Charitable Trust	The Ashla Charitable Trust	1170629	1170629	CC16a
	For the period from	Period start date 31.10.2022	To		Period end date 30.10.2023
Section A Receipts and payments
A1 Receipts	Unrestricted funds to the nearest £ 46,379 1,731 - - - - - - 48,110 - - - 48,110 85,000 - - - 133 - - - - 85,133 - - - 85,133 - 37,023 - 47,286 10,262	Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Endowment funds to the nearest £ 1,144 - - - - - - 1,144 947,966 - 947,966 949,110 75,000 9,189 14,726 780 - - - - - 99,695 950,818 - 950,818 1,050,513 - 101,402 - 130,433 29,031		Total funds to the nearest £ 46,379 2,874 - - - - - - 49,254 947,966 - 947,966 997,220 160,000 9,189 14,726 780 133 - - - - 184,828 950,818 - 950,818 1,135,646 - 138,425 - 177,719 39,293	Last year to the nearest £
Income from investments	46,379					37,306
Interest received	1,731					261
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	-					-
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	-					-
	-					-
	-					-
Sub total(Gross income for AR)	48,110					37,567
A2 Asset and investment sales, (see table).
Sale of investments	-					1,407,825
	-					-
Sub total	-					1,407,825
Total receipts A3 Payments
						1,445,392
Grants awarded	85,000					70,000
Investment manager fees (including VAT)	-					13,467
Trust administration fees (including VAT)	-					9,279
Independent Examiners fees	-					780
Cash management fee	133					-
	-					-
	-					-
	-					-
	-					-
**Sub total **	85,133					93,526
A4 Asset and investment purchases, (see table)
Investmentpurchases	-					1,352,412
	-
**Sub total **	-					1,352,412
Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end
						1,445,938
	- 37,023	-	- 101,402		- 138,425	- 546
	-		-		-	-
	47,286		130,433		177,719	178,265
	10,262	-	29,031		39,293	177,719

CCXX R1 accounts (SS)

10/07/2024

1

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 B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use B1 Cash funds	Details Investment portfolio Details Total cash funds (agree balances with receipts and payments account(s)) Capital account Income account Details Details Details Signature	Unrestricted funds Restricted funds to nearest £ to nearest £ - - 10,262 - - - 10,262 - 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) - - - - Print Name Yana Davies on behalf of Ludlow Trust CompanyLimited	Endowment funds to nearest £
			29,031
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			-
			29,031
			OK
			Endowment funds to nearest £
			-
			-
			-
			-
			-
			-
			Current value (optional)
			1,986,472
			-
			-
			-
			-
			Current value (optional)
			-
			-
			-
			-
			-
			-
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			When due (optional)
			Date of approval
		Yana Davies on behalf of Ludlow Trust CompanyLimited

CCXX R2 accounts (SS)

10/07/2024

2

Trustees’ Annual Report for the period

From 31 October 2022 To 30 October 2023

Charity name: The Ashla Charitable Trust Charity registration number: 1140840

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The objects of the trust 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 a manner as the trustees may in their absolute discretion think fit.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	In furtherance of the charity’s objects for the public benefit the trustees provide grants.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	In determining the charity’s activities, the trustees have had regard to the Charity Commission’s guidance on public benefit.

Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant about:	Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant about:	Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant about:
	SORP reference
Policy on grant making	Para 1.38
Policy on social investment including program related investment	Para 1.38
Contribution made by volunteers	Para 1.38
Other

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	During the year under review the charity made grants to six charities amounting to £160,000.
Additional information (optional) You may choose to include further statements where relevant about:
Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41
Other

Financial Review

Review of the charity’s financial position at the end of the period	Para 1.21	At the end of the reporting period the charity had free reserves of £10,262 (2022: £47,286). In addition to the free reserves the charity has bank balances of £29,031 (2022: £130,433) and investments valued at £1,986,472 within the expendable endowment fund which can be released to support the activities of the charity.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	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.
Amount of reserves held	Para 1.22
Reasons for holding zero reserves	Para 1.22
Details of fund materially in deficit	Para 1.24
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23

Additional information (optional)

You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including any fundraising)	Para 1.47	During the year the settlor transferred investments in specie valued at £120,000. These investments are included in the portfolio valuation shown above.
Investment policy and objectives including any social investment policy adopted

Para 1.46 A description of the principal risks facing the charity Para 1.46 Expendable endowment funds are those which are required to be invested to produce Other 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 charity and which have not been designated for other purposes.

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Trust deed dated 9 March 2011
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Trust
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or bodyentitled	Para 1.25	Trustees are appointed by the settlors during their lifetime and then by a survivor of them or subject to this appointment is by the trustees.

to appoint one or more trustees
Additional information (optional) You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction and training of trustees	Para 1.51
The charity’s organisational structure and any wider network with which the charity works	Para 1.51
Relationship with any related parties	Para 1.51	No trustee received any remuneration or was reimbursed any expenses in the year under review. Ludlow Trust Company Limited was paid £14,726 for trust administration services during the year under review. These fees are authorised under clause 6 of the trust deed.
Other

Reference and Administrative details

Charity name	The Ashla Charitable Trust
Other name the charity uses
Registered charity number	1140840
Charity’s principal address	Trustees Department 1stFloor, Tower Wharf Cheese Lane, Bristol 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	Trustee name	Office (if any)	Dates acted if not for whole **year **	Name of person (or body) entitled to appoint trustee (ifany)
	Mr R Turner
	Mrs M R M Turner
	Mrs R Turner-Jones
	Mrs C Oldridge-Turner
	Ludlow Trust CompanyLimited

20

– Corporate trustees names of the directors at the date the report was approved Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year Funds held as custodian trustees on behalf of others Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Funds held as custodian trustees on behalf of others

Additional information (optional)

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
Accountants	KJF Accounting Limited	17 Sheringham Avenue, Southgate, London, N14 4UB

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Yana Davies On behalf of Ludlow Trust Company Limited Position (eg Secretary, Chair, etc) Date

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Mrs Edith Harris Will Trust The Ashla Charitable Trust On accounts for the year ended 30" Octob8r 2023 Charlty no (if any) 1170629 Set out on pages 1to2 I report to the trustees on my examination of the accounts of the above charity ("the Trust I for the year ended 30th October 2023. Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance wilh the requirements of the Charities Act 2011 ("the Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I hav8 followed the applicable Directions given by the Charity Commission under section 145{5)Ibl of the Act. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives ma cause to believe that in, any material respect. accounting records were nol kepl in accordance ￿th section 130 of the Act or the accounts do not accord with the accounting records Independent examiner's statement I have no ¢onc8ms and have come a¢ross no other matters in connection with the examination to which attention should be drawn in order to enable proper understanding of the accounts to be reached. Signed: Date: /q-&b-2o Name: Mr Keith Felton Relevant professional qualification{sl or body (if any).. ACCA Address: KJF Accounting Ltd, 17 Sheringham Avenue, Southgate, London N14 4UB Section B Disclosure Only complete ifthe examiner needs to highlight matters of concem (see CC32, Independent examination of charity acwunts.. directions and guidance for examiners). IER October 2018

Glve here brlef details of any items that the examlner wlshes to dlsclose. IER October 2018

2024-07-17Accounts

Final Audit Report

2024-07-22

Created: 2024-07-17 By: Estera Rzepus ([e-mail]) Status: Signed Transaction ID: CBJCHBCAABAAop4raQsCOAFXrkjpPe5n0L7h8EZ57YOL

"2024-07-17Accounts" History

Document created by Estera Rzepus ([e-mail])

2024-07-17 - 1:52:38 PM GMT

Document emailed to Yana Davies ([e-mail]) for signature 2024-07-17 - 1:52:41 PM GMT

Email viewed by Yana Davies ([e-mail])

2024-07-22 - 4:05:35 PM GMT

Document e-signed by Yana Davies ([e-mail]) Signature Date: 2024-07-22 - 4:06:53 PM GMT - Time Source: server

Agreement completed.

2024-07-22 - 4:06:53 PM GMT