Trustees' Annual Report for the period
Period start date Period end date Day Month Year Day Month Year From 16 January 2021 To 15 January 2022
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 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) |
|---|---|---|---|---|
| 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
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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 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 15 January 2012 Type of governing document
- (eg. trust deed, constitution)
How the charity is constituted
Trust
- (eg. trust, association, company)
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:
-
policies and procedures adopted for the induction and training of trustees;
-
the charity’s organisational structure and any wider network with which the charity works;
-
relationship with any related parties;
-
trustees’ consideration of major risks and the system and procedures to manage them.
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.
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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;
-
policy programme related investment;
-
contribution made by volunteers.
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Section D Achievements and performance
Summary of the main During the year under review the charity made no grant awards. achievements of the charity during the year
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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 £112,725 (2021: £81,408).
In addition to the free reserves the charity has bank balances of £115,867 (2021: £79,645) and investment assets of £1,926,427 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;
-
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)[Stuart Robinson ] On behalf of Ludlow Trust Company Limited Position (eg Secretary, Chair, etc)
10 November 2022
Date
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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 2021 15 January 2022
Section A Receipts and payments
| A1 Receipts | Unrestricted funds to the nearest £ 31,304 30 - - - - - - 31,334 - - - 31,334 - - 780 3,358 - - - - - 4,138 - - - 4,138 27,196 4,121 81,408 112,725 |
Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Endowment funds to the nearest £ - - - - - - - - - 1,134,501 - 1,134,501 1,134,501 - 19,691 - - - - - - - 19,691 1,074,467 - 1,074,467 1,094,158 40,343 (4,121) 79,645 115,867 |
Total funds to the nearest £ 31,304 30 - - - - - - 31,334 1,134,501 - 1,134,501 1,165,835 - 19,691 780 3,358 - - - - - 23,829 1,074,467 - 1,074,467 1,098,296 67,539 |
Total funds to the nearest £ 31,304 30 - - - - - - 31,334 1,134,501 - 1,134,501 1,165,835 - 19,691 780 3,358 - - - - - 23,829 1,074,467 - 1,074,467 1,098,296 67,539 |
Last year to the nearest £ |
|---|---|---|---|---|---|---|
| Investment income | 31,304 | 31,670 | ||||
| Income from bank interest | 30 | 159 | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| Sub total(Gross income for AR) |
31,334 | 31,829 | ||||
| A2 Asset and investment sales, (see table). |
||||||
| Sale of investments | - | 1,214,126 | ||||
| - | - | |||||
| Sub total | - | 1,214,126 | ||||
| Total receipts A3 Payments |
||||||
| 1,245,955 | ||||||
| Grants awarded | - | 5,000 | ||||
| Inv mgmt and admin | - | 21,477 | ||||
| Independent examination | 780 | 740 | ||||
| Administrative services | 3,358 | - | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| **Sub total ** | 4,138 | 27,217 | ||||
| A4 Asset and investment purchases, (see table) |
||||||
| Investmentpurchases | - | 1,187,657 | ||||
| - | ||||||
| **Sub total ** | - | 1,187,657 | ||||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end **Cash funds this year end ** |
||||||
| 1,214,874 | ||||||
| 27,196 | - | 40,343 | 67,539 | 31,081 | ||
| 4,121 | - | (4,121) | - | - | ||
| 81,408 | - | 79,645 | 161,053 | 129,972 | ||
| 112,725 | - | 115,867 | 228,592 | 161,053 |
CCXX R6 accounts (SS)
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| 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 £ 115,867 - - - - - 115,867 OK Endowment funds to nearest £ - - - - - - Current value (optional) 1,926,939 - - - - Current value (optional) - - - - - - - When due (optional) Date of approval 10 November 2022 |
|---|---|---|---|
| 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 Administrative services 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 £ - - 112,725 - - - - - - - - - 112,725 - 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 2,725 Unrestricted 780 Unrestricted 3,906 - - Print Name Stuart Robinson On behaf of Ludlow Trust Company Limited |
|
| Stuart Robinson On behaf of Ludlow Trust Company Limited |
10 November |
CCXX R7 accounts (SS)
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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 £ - 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 until July 2021, were paid fees for the provision of administration and investment management services amounting to £17,436 whilst a trustee. Ludlow Trust Company Limited was appointed trustee in July 2021 and was paid £3,358 for administrative services between appointment and the period end. These fees are authorised under clause 6 of the trust deed.
CCXX R8 accounts (SS)
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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 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:
- 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.
10 November 2022
Geoffrey Frost BSc(Hons) FCA Date Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY
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