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2021-01-15-accounts

Trustees' Annual Report for the period

Period start date Period end date Day Month Year Day Month Year From 16 January 2020 To 15 January 2021

Section A Reference and administration details

Charity name The Whitewater Charitable Trust

Other names charity is known by

Registered charity number (if any) 1146069

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
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10
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20		 Trustee name Office (if any) Dates acted if not for whole
**year **		 Name of person (or body) entitled
to appoint trustee (ifany)
Mr J P McMonigall
Coutts & Co To 05 July2021
Ludlow Trust
CompanyLimited		 From 05 July 2021

Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year

TAR

March 2012

1

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
Solicitors TLT LLP One Redcliffe Street, Bristol, BS1 6TP
Independent Examiners 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 15 January 2012 Type of governing document

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

Trustees are appointed by the settlor during his lifetime and subject to this Trustee selection methods by the trustees. (eg. appointed by, elected by)

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 charity 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 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:

TAR

March 2012

3

Section D Achievements and performance

Summary of the main During the year under review the charity made 1 grant payment to achievements of the charity institutions totalling £5,000 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 £81,408 (2020: £54,579).

In addition to the free reserves the charity has bank balances of £79,645 (2020: £75,393) and investment assets of £1,837,710 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)[James Sansum ] On behalf of Ludlow Trust Company Limited Position (eg Secretary, Chair, etc)

Date 05 November 2021

TAR

March 2012

5

Charity Name No (if any) The Whitewater Charitable Trust 1146069 Receipts and payments accounts CC16a For the period Period start date Period end date To from 16 January 2020 15 January 2021

Section A Receipts and payments

A1 Receipts Unrestricted
funds
to the nearest £
31,670
159
-
-
-
-
-
-
31,829
-
-
-
31,829
5,000
-
740
-
-
-
-
-
-
5,740
-
-
-
5,740
26,089
740
54,579
81,408		 Restricted funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Endowment
funds
to the nearest £
-
-
-
-
-
-
-
-
-
1,214,126
-
1,214,126
1,214,126
-
21,477
-
-
-
-
-
-
-
21,477
1,187,657
-
1,187,657
1,209,134
4,992
(740)
75,393
79,645		 Total funds
to the nearest £
31,670
159
-
-
-
-
-
-
31,829
1,214,126
-
1,214,126
1,245,955
5,000
21,477
740
-
-
-
-
-
-
27,217
1,187,657
-
1,187,657
1,214,874
31,081		 Total funds
to the nearest £
31,670
159
-
-
-
-
-
-
31,829
1,214,126
-
1,214,126
1,245,955
5,000
21,477
740
-
-
-
-
-
-
27,217
1,187,657
-
1,187,657
1,214,874
31,081		 Last year
to the nearest £
Investment income 31,670 37,307
Income from bank interest 159 773
- -
- -
- -
- -
- -
- -
Sub total(Gross income for
AR)		 31,829 38,080
A2 Asset and investment sales,
(see table).
Sale of investments - 1,145,407
- -
Sub total - 1,145,407
Total receipts
A3 Payments
1,183,487
Grants awarded 5,000 30,000
Inv mgmt and admin - 21,289
Independent examination 740 400
- -
- -
- -
- -
- -
- -
**Sub total ** 5,740 51,689
A4 Asset and investment
purchases, (see table)
Investmentpurchases - 1,206,436
-
**Sub total ** - 1,206,436
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
**Cash funds this year end **
1,258,125
26,089 - 4,992 31,081 (74,638)
740 - (740) - -
54,579 - 75,393 129,972 204,610
81,408 - 79,645 161,053 129,972

CCXX R6 accounts (SS)

6

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
Independent examination
Details
Details
Details
Investments
Details
(agree balances with receipts and payments
account(s))
Details
Capital account
Income account 2
Reserve account 2
Total cash funds
Income account
Reserve account
Capital account 2		 Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
-
-
81,376
-
-
-
-
-
32
-
-
-
81,408
-
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
6,463
Unrestricted
780
-
-
-
Print Name
James Sansum
On behaf of Ludlow Trust Company
Limited		 Endowment
funds
to nearest £
22,122
-
57,523
-
-
-
79,645
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
1,837,710
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
When due
(optional)
Date of
approval
05 November 2021
James Sansum
On behaf of Ludlow Trust Company
Limited		 05 November

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 payment unless annotated £ St Michaels Hospice 5,000 5,000 C3 Related party transactions 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 £21,477 (2020: £21,289) as authorised under clause 6 of the trust deed.

CCXX R8 accounts (SS)

8

Independent Examiner's Report to the Trustees of The Whitewater Charitable Trust

I report to the charity trustees on my examination of the accounts of the charity for the year ended 15 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:

  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.

05 November 2021

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

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