Registered Charity Number 1157258
THE ANDREE GRIOTTERAY WHITE CHARITABLE TRUST
Trustees' Report and Financial Statements For the year ended 5 April 2023
THE ANDREE GRIOTTERAY WHITE CHARITABLE TRUST
TRUSTEES’ REPORT FOR THE YEAR ENDED 5 APRIL 2023
The Trustees are pleased to present their annual Trustees’ report together with the financial statements of the charity for the year ending 5 April 2023.
The financial statements are in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective, 1 January 2015) and the Charities Act 2011.
Reference and administrative information
Name of charity THE ANDREE GRIOTTERAY WHITE CHARITABLE TRUST
Charity Registration Number 1157258
Address of the Principal Office of One Bartholomew Close, London, EC1A 7BL the Charity
Trustees Francelle Andree Bradford Martin Major Bradford Linda Frances Jackson Solicitors` BDB Pitmans LLP One Bartholomew Close London, EC1A 7BL
Structure Governance and Management
Governing document
A deed dated 28 April 2014 established the Trust.
There were no changes to the Trustees during the year end 5 April 2023. The Board are the key management of the Charity.
Objectives and Activities
The Trust was established in 2014 with general charitable objects and purposes. In the first instance the Trustees have determined in Andree Griotteray White’s name primarily to fund research into any form of Alzheimer’s disease or dementia and to provide support for those suffering from it.
Achievements and Performance
The Trust received income of £26,165 during the year (2022: £3,603). Charitable expenditure was £1,536 (2022: £55,590). No grants were made during the year. (2022: £54,000 to Royal Trinity Hospice).
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18835252.1
THE ANDREE GRIOTTERAY WHITE CHARITABLE TRUST
TRUSTEES’ REPORT FOR THE YEAR ENDED 5 APRIL 2023
Financial Review
As noted above the Trust received income of £26,165 (2022: £3,603) of which £6,060 were payments received from individuals (2022: £150). Charitable Expenditure comprised administration costs of £1,176 (2022: £1,230) and bank charges of £360 (2022: £360).
The Trust received gift aid refunds of £0 in the year ended 5 April 2023 (2022 £3,453).
No grants were made during the year.
Fund raising activities
The Charity’s income is generated from donations received, it does not undertake fundraising activities, it is nevertheless mindful of the code issued by the fundraising regulator.
Reserves policy
The Trustees consider the level of reserves shown in the accounts adequate with a view to making additional distributions in future years. The Unrestricted Fund balance of £29,001 on 5 April 2023 (2022: £4,372) will be available for distribution, which the Trustees can consider in future years .
Trustee recruitment, induction, and training
Trustees’ appointments are detailed in clause 4 of the Trust Deed. The first three Trustees are those mentioned above. Francelle Andree Bradford is appointed for life, but the other Trustees are entitled to hold office for a period of three years. At the trustee meeting on 28 February 2023, Martin Major Bradford and Linda Frances Jackson were re-appointed for a further three year period. Clauses 4.4 and 4.5 state that future Trustees must be appointed by resolution of the Trustees for a period of three years, although a competent retiring Trustee may be re-appointed at the end of their three year term of office.
It is anticipated that the continuing Trustees would be responsible for the induction and training of new Trustees. New Trustees are provided with copies of the Charity’s documents and meet with continuing Trustees in order to gain an understanding of the Charity.
Public Benefit
The Trustees confirm that they have had due regard to the Charity Commission’s guidance on public benefit.
Risk management
The Trustees have considered all material risks facing the charity and confirm that procedures are in place to mitigate exposure to those risks.
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18835252.1
THE ANDREE GRIOTTERAY WHITE CHARITABLE TRUST
TRUSTEES’ REPORT FOR THE YEAR ENDED 5 APRIL 2023
Going Concern
The Trustees are of the opinion that the charity has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties regarding the Trust's ability to do so.
STATEMENT OF TRUSTEE RESPONSIBILITIES
The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:
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Select suitable accounting policies and then apply them consistently;
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Observe the methods and principles in the Charities SORP;
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Make judgements and estimates that are reasonable and prudent;
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State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees confirm that they have complied with the duty in Section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission in determining the activities undertaken by the charity.
………………………..
Mrs Francelle Bradford - Trustee
……………………….. Date
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THE ANDREE GRIOTTERAY WHITE CHARITABLE TRUST
REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES IN RESPECT OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023
I report to the trustees on my examination of the accounts of the Andree Griotteray White Caritable Trust for the year ended 5 April 2023 which are set out on pages 5 to 8.
Responsibilities and basis of report
As the charity trustees of the Trust 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 Trust's accounts carried out under section 145 of the 2011 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:
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accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of the accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
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.
Cindy Chaplin TEP ACIB One Bartholomew Close London EC1A 7BL
Date:
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THE ANDREE GRIOTTERAY WHITE CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES For the year ended 5 April 2023
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| Fund | Fund | ||
| Notes | 2023 | 2022 | |
| £ | £ | ||
| Income and Endowments: | |||
| Donations received | 2 | 26,060 | 150 |
| Gift Aid - refunds | 2 | - | 3,453 |
| Interest | 2 | 105 | - |
| Total income | 26,165 | 3,603 | |
| Expenditure on: | |||
| Charitable Expenditure | 3 | 1,536 | 55,590 |
| Total expenditure | 1,536 | 55,590 | |
| Net movement in funds | 24,629 | (51,987) | |
| Reconciliation of funds: | |||
| Balances brought forward at 6 April 2022 | 4,372 | 56,359 | |
| Balance carried forward at 5 April 2023 | 29,001 | 4,372 |
The notes on pages 7 and 8 form part of the financial statements.
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THE ANDREE GRIOTTERAY WHITE CHARITABLE TRUST
BALANCE SHEET at 5 April 2023
| Notes | 2023 | 2022 | |
|---|---|---|---|
| £ | £ | ||
| Current Asset | |||
| Cash at Bank | 4 | 29,001 | 5,602 |
| Deduct Creditor | 5 | - | 1,230 |
| Total Assets | 29,001 | 4,372 | |
| Represented by: | |||
| Unrestricted Income Fund - page 5 | 29,001 | 4,372 | |
| The notes on pages 7 and 8 form part of the financial statements. | |||
| Approved and signed on behalf of the trustees: | |||
| ………………………….. | ……………… | ||
| Trustee | Date |
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THE ANDREE GRIOTTERAY WHITE CHARITABLE TRUST
NOTES FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 5 April 2023
1. PRINCIPAL ACCOUNTING POLICIES
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the Trust's financial statements.
General
The financial statements have been prepared under the historical cost convention, with the exception that investments are shown at market value as at the balance sheet date and are in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective, 1 January 2015) and the Charities Act 2011. The Charity constitutes a public benefit entity as defined by FRS 102. Having assessed the Charity's financial position and plans for the forseeable future, the Trustees are satisfied that it remains appropriate to prepare the financial statements on a going concern basis.
Income
Income from donations is recorded when received (including refundable tax).
Charitable Expenditure
Charitable expenditure is accounted for when paid or due to be paid. No grants were made in the period covered by these accounts (2022: £54,000 to Royal Trinity Hospice). All administration costs are charitable expenditure, called Support Costs in these accounts.
Fund Accounting
There is only one fund, being the Unrestricted Income Fund, this is used for the general advancement of the Charity's objectives.
| 2. FUNDS RECEIVED | 2023 | 2022 |
|---|---|---|
| £ | £ | |
| Various receipts on which no gift aid was claimed | 20,050 | 150 |
| Payments that qualify for gift aid* | 6,010 | - |
| Gift aid refund on donations | - | 3,453 |
| Interest income | 105 | - |
| 26,165 | 3,603 |
*refundable tax of £1,502 is payable for Gift Aid payments for the year ending 5 April 2023.
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THE ANDREE GRIOTTERAY WHITE CHARITABLE TRUST
NOTES FORMING PART OF THE FINANCIAL STATEMENTS
For the year ended 5 April 2023
| 3. | CHARITABLE EXPENDITURE | 2023 | 2022 |
|---|---|---|---|
| £ | £ | ||
| Grants made in year - all to institutions | |||
| Nil (2022 Royal Trinity Hospice) | - | 54,000 | |
| Support costs - BDB Pitmans LLP | 1,176 | 1,230 | |
| Bank charges | 360 | 360 | |
| 1,536 | 55,590 | ||
| 4. | CASH | 2023 | 2022 |
| £ | £ | ||
| C Hoare & Co | 29,001 | 5,602 | |
| 29,001 | 5,602 | ||
| 5. | CREDITOR | 2023 | 2022 |
| £ | £ | ||
| BDB Pitmans LLP | - | 1,230 | |
| - | 1,230 |
6. INFORMATION REGARDING TRUSTEES REMUNERATION AND RELATED PARTY TRANSACTIONS
The Charity has no employees (2022: none). No Trustee received remuneration during the year and no expenses were reimbursed (2022: none).
There were no related party transaction in the year (2022: none).
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