2022-04-30-accounts - The Goldcrest Charitable Trust

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Trustees' Annual Report for the period

Period start date Period end date Day Month Year Day Month Year From 01 May 2021 To 30 April 2022

Section A Reference and administration details

Charity name The Goldcrest Charitable Trust

Other names charity is known by Registered charity number (if any) 1147149

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

Trustee name	Office (if any)	Dates acted if not for whole year
Mr N Dyson	Settlor
Mrs J A Dyson	Settlor
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

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 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

Type of governing document

Trust deed dated 30 April 2012

(eg. trust deed, constitution)

How the charity is constituted

Trust

(eg. trust, association, company)

Trustees are appointed by the settlors during their joint lifetimes, or the Trustee selection methods survivor of the during his or her lifetime. Subject to this, appointment of (eg. appointed by, elected by) trustees shall be exercisable by the trustees from time to time.

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 matter as the trustees may in their absolute discretion think fit.

TAR

March 2012

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:

policy on grantmaking;
policy programme related investment;
contribution made by volunteers.

TAR

March 2012

Section D Achievements and performance

Summary of the main During the year under review the charity made 3 grants totalling £63,000 achievements of the charity as disclosed in the notes. during the year

TAR

March 2012

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 £21,373 (2021: £273).

In addition to the free reserves the charity has bank balances of £55,866 (2021: £187,674) and investment assets of £1,613,374 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:

the charity’s principal sources of funds (including any fundraising);
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)[Joanne Spiceley ] On behalf of Ludlow Trust Company Limited Position (eg Secretary, Chair, etc) Date 13 February 2023

TAR

March 2012

Charity Name		No (if any)
The Goldcrest Charitable Trust		1147149
Receipts andpayments accounts			CC16a
For the period from Period start date 01 May2021	To	Period end date 30 April 2022

Section A Receipts and payments

A1 Receipts	Unrestricted funds to the nearest £ - 24,100 50 - - - - - 24,150 - - - 24,150 63,000 - 780 13,444 - - - - - 77,224 - - - 77,224 (53,074) 74,174 273 21,373	Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Endowment funds to the nearest £ - - - - - - - - - 712,738 - 712,738 712,738 - 7,875 - - - - - - - 7,875 762,497 - 762,497 770,372 (57,634) (74,174) 187,674 55,866	Total funds to the nearest £ - 24,100 50 - - - - - 24,150 712,738 - 712,738 736,888 63,000 7,875 780 13,444 - - - - - 85,099 762,497 - 762,497 847,596 (110,708)	Last year to the nearest £
Gift aid	-				-
Investment income	24,100				29,300
Income from bank interest	50				46
	-				-
	-				-
	-				-
	-				-
	-				-
*Sub total*(Gross income for AR)	24,150				29,346

A2 Asset and investment sales, (see table).
Sale of investments	-				1,198,238
	-				-
*Sub total*	-				1,198,238
*Total receipts* A3 Payments
					1,227,584

Grants awarded	63,000				155,000
Inv mgmt and admin	-				22,389
Independent examination	780				740
Administrative services	13,444				-
	-				-
	-				-
	-				-
	-				-
	-				-
**Sub total **	77,224				178,129

A4 Asset and investment purchases, (see table)
Investmentpurchases	-				1,189,279
	-
**Sub total **	-				1,189,279
*Total payments* *Net of receipts/(payments)* A5 Transfers between funds A6 Cash funds last year end **Cash funds this year end **
					1,367,408

	(53,074)	-	(57,634)	(110,708)	(139,824)
	74,174	-	(74,174)	-	-
	273	-	187,674	187,947	327,771
	21,373	-	55,866	77,239	187,947

CCXX R6 accounts (SS)

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 B1 Cash funds B2 Other monetary assets B3 Investment assets B4 Assets retained for the charity’s own use B5 Liabilities	(agree balances with receipts and payments account(s)) Capital account *Total cash funds* Income account Reserve account Details Details Investments Details Details Investment management Independent examination Administrative services Signature	Unrestricted funds Restricted funds to nearest £ to nearest £ - - 21,373 - - - - - 21,373 - 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 626 Unrestricted 780 Unrestricted 1,104 - - Print Name Joanne Spiceley On behalf of Ludlow Trust Company Limited	Endowment funds to nearest £ 55,866 - - - 55,866 OK Endowment funds to nearest £ - - - - - - Current value (optional) 1,613,374 - - - - Current value (optional) - - - - - - - When due (optional) Date of approval 13 February 2023

CCXX R7 accounts (SS)

Section C Notes to the Accounts

C1 Nature and purpose of funds Expendable endowment funds are those which are required to be invested to produce income but which may be transferred to (may be stated on analysis of unrestricted funds at the discretion of the trustees in order that they may be expended in furtherance of the charity's objectives. funds worksheets) 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 The Norfolk Accident Rescue Service Wighton Recreation Hut Fund The Excelsior Trust	£ 10,000 50,000 3,000
	63,000

C3 Related party transactions

No trustee received any remuneration nor reimbursed any expenses in the year under review.

During the year under review Ludlow Trust Company Limited, a trustee of the charity, were paid fees for the provision of administrative services amounting to £13,444 as authorised under clause 6 of the trust deed.

CCXX R8 accounts (SS)

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

I report to the charity trustees on my examination of the accounts of the charity for the year ended 30 April 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.

13 February 2023

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