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← The Discworld Foundation

2024-10-31-accounts

Trustees’ Annual Report for the period

From 01 November 2023 To 31 October 2024

Charity name: The Discworld Foundation Charity registration number: 1144334 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 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) You may choose to include further statements where relevant 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.		 ara 1.20 During the year under review the charity
made grants totalling £60,000 as follows:
The RICE centre £50,000
Arts Emergency Service £10,000

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 £47,734 (2023:
£46,537).
In addition to the free reserves the charity
has bank balances of £210,235 (2023:
£210,884) and investments valued at
£1,975,828
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 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
Other 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
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 14 October 2011 as
amended 30 May 2012
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 topost or name of		 Para 1.25 Trustees are appointed by the existing
trustees.

any person or body entitled to appoint one or more trustees

Additional information (optional)
Youmay choose toincludefurtherstatementswhererelevant about:		 Additional information (optional)
Youmay choose toincludefurtherstatementswhererelevant about:		 Additional information (optional)
Youmay choose toincludefurtherstatementswhererelevant 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 received
£12,982
(2023:
£14,172)
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 Discworld Foundation
Other name the charity uses
Registered charity number 1144334
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
20		 Trustee name Office (if any) Dates acted if not for whole
year		 Name of person (or body) entitled
to appoint trustee (if any)
Miss Rhianna
Pratchett
Robert Wilkins
Ludlow Trust
CompanyLimited

– 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

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of adviser Name Address Address
Investment Managers Coutts & Co 440 Strand, London, WC2R 0QS
Bankers Coutts & Co 440 Strand, London, WC2R 0QS
Accountants Charter Tax Consulting 8thFloor, 1 Southampton Street, London
Limited WC2R 0LR
Independent examiner Geoffrey Frost Blue Spire Limited, Cawley Priory, South
Pallant, PO19 1SY
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
~~ee~~
Declarations
~~ee~~
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees on behalf of the charity’s trustees
Signature(s)
~~a~~
Full name(s) Katherine Forder
On behalf of Ludlow Trust
Company Limited
Position (eg Secretary,
Chair, etc)
Trust Manager
~~es~~
Date
29 August 2025
~~—~~
01.11.2023
31.10.2024
1144334
The Discworld Foundation
Receipts andpayments accounts
Period start date
Period end date
To
For the period
from
~~ee ee ee~~		 01.11.2023
31.10.2024
1144334
The Discworld Foundation
Receipts andpayments accounts
Period start date
Period end date
To
For the period
from
~~ee ee ee~~		 01.11.2023
31.10.2024
1144334
The Discworld Foundation
Receipts andpayments accounts
Period start date
Period end date
To
For the period
from
~~ee ee ee~~		 01.11.2023
31.10.2024
1144334
The Discworld Foundation
Receipts andpayments accounts
Period start date
Period end date
To
For the period
from
~~ee ee ee~~		 01.11.2023
31.10.2024
1144334
The Discworld Foundation
Receipts andpayments accounts
Period start date
Period end date
To
For the period
from
~~ee ee ee~~		 01.11.2023
31.10.2024
1144334
The Discworld Foundation
Receipts andpayments accounts
Period start date
Period end date
To
For the period
from
~~ee ee ee~~		 01.11.2023
31.10.2024
1144334
The Discworld Foundation
Receipts andpayments accounts
Period start date
Period end date
To
For the period
from
~~ee ee ee~~		 01.11.2023
31.10.2024
1144334
The Discworld Foundation
Receipts andpayments accounts
Period start date
Period end date
To
For the period
from
~~ee ee ee~~		 CC16a
~~-~~
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
Investment income 50,768 - - 50,768 47,893
Bank interest 11,869 - 11,869 5,726
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total(Gross income for
AR)		 (Gross income for
AR)
62,637		 - - 62,637 53,619
A2 Asset and investment sales,
(see table).
Sale of investments
-
-
1,467,445
1,467,445
817,220
-
-
-
-
-
Sub total -
-
1,467,445
1,467,445
817,220
Total receipts
62,637
-
1,467,445
1,530,082
870,839
~~—————~~
A3 Payments
Grants awarded 60,000 - - 60,000 90,000
Investment manager fees (VAT inclusive)
- - 8,890 8,890 8,385
Trust Administration fees (VAT inclusive)
12,537 - - 12,537 13,814
Independent Examiners fees 180 - - 180 180
Cash management fees 445 - - 445 358
Accounts fee 600 - - 600 600
- - - - -
- - - - -
- - - - -
**Sub total ** 73,762 - 8,890 82,652 113,337
A4 Asset and investment
purchases, (see table)
Investmentpurchases
-
-
1,446,882
1,446,882
859,712
-
-
-
-
Sub total -
-
1,446,882
1,446,882
859,712
Total payments
73,762
-
1,455,772
1,529,534
973,049
Net of receipts/(payments)
- 11,125
11,673
548
- 102,210
A5 Transfers between funds
12,322
- 12,322
-
-
A6 Cash funds last year end
46,537
- 210,884
257,421
359,631
Cash funds this year end
47,734
-
210,235
257,969
257,421
~~S555~~
~~SS]~~
~~=~~

CCXX R1 accounts (SS)

29/08/2025

1

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 -
-
210,235
47,734
-
-
-
-
-
47,734
-
210,235
Total cash funds
Capital account
Income account
~~<=>~~
(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)
B3 Investment assets Endowment
-
1,975,828
-
-
-
-
-
-
-
-
Investment portfolio
~~——=—~~
Details Fund to which
asset belongs
Cost (optional)		 Current value
(optional)
B4 Assets retained for the
charity’s own use		 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
~~qa~~
Fund to which
Amount due		 When due
Details liability relates
(optional)		 (optional)
Signed by one or two trustees on
behalf of all the trustees
B5 Liabilities
CCXX R2 accounts (SS)		 -
-
-
-
Date of
approval
Print Name
Katherine Forder on behalf of Ludlow
Trust CompanyLimited
Signature
2
29/08/2025
29 August 2025
~~a~~

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 2024

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.

Geoffrey Frost BSc(Hons) FCA Date 29 August 2025 Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY