Trustees’ Annual Report for the period
From 02 November 2023 To 1 November 2024
Charity name: The Athony Scholefield Foundation
Charity registration number: 1150446
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The objectives 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
Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers 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. |
Para 1.20 | During the year under review the charity made grant awards totalling £62,000 to the following; The Children’s Trust, Civitas Limited, Combat Stress, International Needs UK, Whizz-Kidz, Cerebal Palsy Plus, St Vincent de Paul Society (England and Wales), Stella Maris, Samaritans, St Catherine’s Hospice Limited, The Salvation Army, Royal Hospital for Neuro-Disability, Rosebery Centre, ABF The Soldiers’ Charity, Aid to the Church in Need (United Kingdom) and Carers Trust. |
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 £13,231 (2023: £10,658). In addition to the free reserves the charity has bank balances of £8,860 (2023: £5,970) and investments valued at £584,187 within the 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. |
|---|---|---|
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | |
| 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 Para 1.23 uncertainties about the charity continuing as a going concern
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 |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Trust deed dated 4 January 2013. |
| 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 to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Trustees are appointed by the settlor during his lifetime or subject to this appointment is by the trustees. |
Additional information (optional) You may choose to include further statements where relevant 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 |
No trustees received any remuneration or were reimbursed for any expenses in the year under review. Relationship with any related parties Para 1.51 Ludlow Trust Company Limited received £4,891 for trust administration services and £28 for cash management services during the year under review. These fees are authorized under clause 9 of the trust deed. Other
Reference and Administrative details
| Charity name | The Anthony Scholefield Foundation |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1150446 |
| Charity’s principal address | Trustee Department 1stFloor, Tower Wharf Cheese Lane, Bristol BS2 0JJ |
Names of the charity trustees who manage the charity
| 1 2 |
Trustee name | Office (if any) |
Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (if any) |
|---|---|---|---|---|
| AnthonyScholefield | ||||
| Ludlow Trust CompanyLimited |
3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
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)
| 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 | ||
| Bankers | ||
| Solicitors | ||
| Independent Examiner | ||
| 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
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Full name(s) Matthew Winterbottom Position (eg Secretary, On behalf of Ludlow Trust Chair, etc) Company Limited Date 29 August 2025
| The Anthony Scholefield Foundation | The Anthony Scholefield Foundation | The Anthony Scholefield Foundation | 1150446 | 1150446 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Receipts andpayments accounts | CC16a | ||||||||||
| For the period from ~~ee~~ |
02.11.2023 Period start date ~~ee~~ |
To ~~ee~~ |
01.11.2024 Period end date |
||||||||
| Section A Receipts and payments | 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 | |||||||||||
| Income from investments | 14,888 | - | - | 14,888 | 12,469 | ||||||
| Bank interest | 1,031 | - | - | 1,031 | 802 | ||||||
| Additions to trust | - | - | 34,750 | 34,750 | 25,000 | ||||||
| Gift Aid | - | - | 8,688 | 8,688 | 6,250 | ||||||
| - | - | - | - | - | |||||||
| - | - | - | - | - | |||||||
| - | - | - | - | - | |||||||
| - | - | - | - | - | |||||||
| Sub total(Gross income for AR) |
(Gross income for AR) 15,919 |
- | 43,438 | 59,357 | 44,521 | ||||||
| A2 Asset and investment sales, (see table). Sale of investments - - 486,706 486,706 265,748 - - - - - Sub total - - 486,706 486,706 265,748 Total receipts 15,919 - 530,144 546,063 310,269 ~~S555~~ |
|||||||||||
| A3 Payments | |||||||||||
| Grants awarded | 62,000 | - | - | 62,000 | 77,000 | ||||||
| Investment manager and admin fees | - | - | 2,654 | 2,654 | 2,505 | ||||||
| Administratrive fees | 4,891 | - | - | 4,891 | 4,690 | ||||||
| Cash management charges | 28 | - | - | 28 | 38 | ||||||
| Inependent examiners fee | - | - | - | - | 780 | ||||||
| - | - | - | - | - | |||||||
| - | - | - | - | - | |||||||
| - | - | - | - | - | |||||||
| - | - | - | - | - | |||||||
| **Sub total ** | 66,919 | - | 2,654 | 69,573 | 85,013 | ||||||
| A4 Asset and investment purchases, (see table) Investmentpurchases - - 471,027 471,027 271,005 - - - - - Sub total - - 471,027 471,027 271,005 Total payments 66,919 - 473,681 540,600 356,018 Net of receipts/(payments) (51,000) - 56,463 5,463 (45,749) A5 Transfers between funds 53,573 - (53,573) - - A6 Cash funds last year end 10,658 - 5,970 16,628 62,377 Cash funds this year end 13,231 - 8,860 22,091 16,628 ~~———=—~~ ~~SS]4]~~ |
CCXX R1 accounts (SS)
29/08/2025
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Section B Statement of assets and liabilities at the end of the period
| Categories B1 Cash funds B2 Other monetary assets B4 Assets retained for the charity’s own use B5 Liabilities B3 Investment assets |
Details Capital account Income Account Details Total cash funds (agree balances with receipts and payments account(s)) Details Details Coutts portfolio Details |
Unrestricted funds to nearest £ - 13,231 13,231 OK Unrestricted funds to nearest £ - - - - - - Fund to which asset belongs Endowment Fund to which asset belongs Fund to which liability relates |
Restricted funds to nearest £ - - - - OK Restricted funds to nearest £ - - - - - - Cost (optional) - - - - - Cost (optional) - - - - - - - - - Amount due (optional) - - - - |
Endowment funds to nearest £ |
|---|---|---|---|---|
| 8,860 | ||||
| - | ||||
| 8,860 | ||||
| OK | ||||
| Endowment funds to nearest £ |
||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| Current value (optional) |
||||
| 584,187 | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| Current value (optional) |
||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| When due (optional) |
||||
| - | ||||
| - | ||||
| - | ||||
| - |
Signed by one or two trustees on behalf of all the trustees
Signature
Print Name Matthew Winterbottom On behalf of Ludlow Trust Company Limited
Date of approval
CCXX R2 accounts (SS)
29/08/2025
2
Independent Examiner's Report to the Trustees of The Anthony Scholefield Foundation
I report to the charity trustees on my examination of the accounts of the charity for the year ended 1 November 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:
- 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
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