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2022-10-31-accounts

Trustees' Annual Report for the period

Period start date Period end date Day Month Year Day Month Year From 01 November 2021 To 31 October 2022

Section A Reference and administration details

Charity name The Discworld Foundation

Other names charity is known by Registered charity number (if any) 1144334

Charity's principal address Trustee Department 1[st] Floor, 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
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18
19		 Trustee name Office (if any) Dates acted if not for whole
**year **		 Name of person (or body) entitled
to appoint trustee (ifany)
Miss Rhianna
Pratchett
Mr Robert Wilkins
Ludlow Trust
CompanyLimited

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)

TAR

March 2012

1

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 1TP
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 14 October 2011 as amended 30 May 2012 Type of governing document

(eg. trust deed, constitution) Trust How the charity is constituted

Trustees are appointed by the existing trustees. Trustee selection methods

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

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 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 provide grants in accordance with the letter of wishes. 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:

TAR

March 2012

3

Section D Achievements and performance

Summary of the main During the year under review the charity made 1 grant payment achievements of the charity amounting to £2,690 as set out in the notes. during the year

TAR

March 2012

4

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 £84,467 (2021: £55,174).

In addition to the free reserves the charity has bank balances of £275,164 (2021: £245,683) and investment assets of £1,679,453 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:

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 30 August 2023

TAR

March 2012

5

Charity Name No (if any) The Discworld Foundation 1144334 Receipts and payments accounts CC16a For the period Period start date Period end date To from 01 November 2021 31 October 2022

Section A Receipts and payments

A1 Receipts Unrestricted
funds
to the nearest £
-
-
31,983
296
-
-
-
-
32,279
-
-
-
32,279
2,690
-
780
15,040
-
-
-
-
-
18,510
-
-
-
18,510
13,769
15,524
55,174
84,467		 Restricted funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Endowment
funds
to the nearest £
-
-
-
-
-
-
-
-
-
1,403,831
-
1,403,831
1,403,831
-
8,965
-
-
-
-
-
-
-
8,965
1,349,861
-
1,349,861
1,358,826
45,005
(15,524)
245,683
275,164		 Total funds
to the nearest £
-
-
31,983
296
-
-
-
-
32,279
1,403,831
-
1,403,831
1,436,110
2,690
8,965
780
15,040
-
-
-
-
-
27,475
1,349,861
-
1,349,861
1,377,336
58,774		 Total funds
to the nearest £
-
-
31,983
296
-
-
-
-
32,279
1,403,831
-
1,403,831
1,436,110
2,690
8,965
780
15,040
-
-
-
-
-
27,475
1,349,861
-
1,349,861
1,377,336
58,774		 Last year
to the nearest £
Addition to trust - -
Gift aid received - -
Income from investments 31,983 33,424
Income from bank interest 296 22
- -
- -
- -
- -
Sub total(Gross income for
AR)		 32,279 33,446
A2 Asset and investment sales,
(see table).
Sale of investments - 1,383,694
- -
Sub total - 1,383,694
Total receipts
A3 Payments
1,417,140
Grants awarded 2,690 5,000
Inv mgmt and admin - 16,315
Independent examiner 780 780
Administrative services 15,040 7,462
- -
- -
- -
- -
- -
**Sub total ** 18,510 29,557
A4 Asset and investment
purchases, (see table)
Investmentpurchases - 1,365,460
- -
**Sub total ** - 1,365,460
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
**Cash funds this year end **
1,395,017
13,769 - 45,005 58,774 22,123
15,524 - (15,524) - -
55,174 - 245,683 300,857 278,734
84,467 - 275,164 359,631 300,857

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 Endowment
funds
to nearest £
275,164
-
-
275,164
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
1,679,453
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
Date of
approval
30 August 2023
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
Investment management
Independent examiner
Administrative services
Details
Details
Details
Investment portfolio
Details
(agree balances with receipts and payments
account(s))
Details
Capital account
Income account
Reserve account
Total cash funds		 Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
-
-
84,467
-
-
-
84,467
-
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
690
Unrestricted
780
Unrestricted
1,240
-
-
Print Name
Katherine Forder
On behalf of Ludlow Trust Company
Limited
Katherine Forder
On behalf of Ludlow Trust Company
Limited		 30 August 20

CCXX R7 accounts (SS)

7

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 - 1 grant unless annotated
The David Nobbs Memorial Trust		 £
2,690
2,690
No trustee received any remuneration nor reimbiursed any expenses in the year under review.
During the year under review Ludlow Trust Company Ltd, a trustee of the charity , were paid fees for the provision
of administrative services amounting to £15,040. These fees are authorised under clause 6 of the trust deed.

CCXX R8 accounts (SS)

8

Independent Examiner's Report to the Trustees of The Discworld Foundation

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 October 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.

30 August 2023 Geoffrey Frost BSc(Hons) FCA Date Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY

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