2022-01-13-accounts - The Edward & Catherine Wray Charitable Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees' Annual Report for the period

Period start date Period end date Day Month Year Day Month Year From 14 January 2021 To 13 January 2022

Section A Reference and administration details

Charity name The Edward & Catherine Wray Charitable Trust

Other names charity is known by Registered charity number (if any) 1160375

Charity's principal address	Trustee Department	Trustee Department
	1stFloor, 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	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
	Mr Edward James Wray
	Mrs Catherine May Wray
	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

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	NatWest Bank Plc	440 The Strand, London, WC2R 0QS
Bankers	NatWest Bank Plc	440 The Strand, London, WC2R 0QS
Solicitors	TLT LLP	One Redcliffe Street, Bristol, BS1 1TP
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

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

Trust deed dated 13 January 2015

Trust

(eg. trust, association, company)

Trustees are appointed by the Settlor Trustees during their lifetime or by Trustee selection methods the Trustees from time to time.

(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 trustees shall hold the capital and income of the trust fund upon trust to apply the income, and all or such part or parts of the capital, at such time or times and such manner to, or for the benefit of such exclusively charitable objects and purposes in any part of the world as the trustees may in their discretion think fit.

TAR

March 2012

In furtherance of the charity’s objects for the public benefit the trustees provides grants in accordance with the letter of wishes. 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.

Section D Achievements and performance

TAR

March 2012

Section D Achievements and erformance p

Summary of the main During the year under review the charity made 4 grant payments achievements of the charity amounting to £240,000 as set out 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 £13,932 (2021: £88,614). In addition to the free reserves the charity has bank balances of £195,844 (2021: £47,483) and investment assets of £5,604,655 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)[Yana Davies ] On behalf of Ludlow Trust Company Limited Position (eg Secretary, Chair, etc)

Date 08/11/2022

TAR

March 2012

Charity Name		No (if any)
The Edward & Catherine Wray Charitable Trust		1160375
Receipts andpayments accounts			CC16a
For the period from Period start date 14 January2021	To	Period end date 13 January 2022

Section A Receipts and payments

A1 Receipts	Unrestricted funds to the nearest £ 95,289 74 - - - - - - 95,363 - - - 95,363 240,000 - 780 7,250 - - - - - 248,030 - - - 248,030 (152,667) 77,985 88,614 13,932	Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Endowment funds to the nearest £ - - - - - - - - - 3,452,601 - 3,452,601 3,452,601 - 51,181 - - - - - - - 51,181 3,175,074 - 3,175,074 3,226,255 226,346 (77,985) 47,483 195,844	Total funds to the nearest £ 95,289 74 - - - - - - 95,363 3,452,601 - 3,452,601 3,547,964 240,000 51,181 780 7,250 - - - - - 299,211 3,175,074 - 3,175,074 3,474,285 73,679	Last year to the nearest £
Income from investments	95,289				91,754
Income from bank interest	74				217
	-				-
	-				-
	-				-
	-				-
	-				-
	-				-
*Sub total*(Gross income for AR)	95,363				91,971

A2 Asset and investment sales, (see table).
Sale of investments	-				3,688,645
	-				-
*Sub total*	-				3,688,645
*Total receipts* A3 Payments
					3,780,616

Grants awarded	240,000				175,000
Inv mgmt and admin	-				56,552
Independent examiner	780				-
Administrative fees	7,250				-
	-				-
	-				-
	-				-
	-				-
	-				-
**Sub total **	248,030				231,552

A4 Asset and investment purchases, (see table)
Investmentpurchases	-				3,615,823
	-
**Sub total **	-				3,615,823
*Total payments* *Net of receipts/(payments)* A5 Transfers between funds A6 Cash funds last year end **Cash funds this year end **
					3,847,375

	(152,667)	-	226,346	73,679	(66,759)
	77,985	-	(77,985)	-	-
	88,614	-	47,483	136,097	202,856
	13,932	-	195,844	209,776	136,097

CCXX R6 accounts (SS)

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
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 Bank fees Examiner's fees Other creditors Administrative services Details Details Details Investment portfolio Details (agree balances with receipts and payments account(s)) Details Capital account Income account *Total cash funds*	Unrestricted funds Restricted funds to nearest £ to nearest £ - - 13,932 - - 13,932 - 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 7,798 Unrestricted 780 Unrestricted 1,620 Unrestricted 8,274 - Print Name Yana Davies On behalf of Ludlow Trust Company Limited	Endowment funds to nearest £
			195,844
			-
			-
			195,844
			OK
			Endowment funds to nearest £
			-
			-
			-
			-
			-
			-
			Current value (optional)
			5,604,655
			-
			-
			-
			-
			Current value (optional)
			-
			-
			-
			-
			-
			-
			-
			-
			-
			When due (optional)





			Date of approval
			08/11/2022

CCXX R7 accounts (SS)

Section C Notes to the Accounts

Section C Notes to the	Accounts	Accounts
C2 Grants to institutions C3 Related party transactions C1 Nature and purpose of funds(may be stated on analysis of funds worksheets)	Unrestricted income funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charityand which have not been designated for otherpurposes. Expendable endowment funds are those which are required to be invested to produce income but which may be transferred to unrestricted funds at the discretion of the trustees in order that they may be expended in furtherance of the charity's objectives.
	Recipient - 1 grant unless annotated Headington School Oxford Limited The Onside Foundation 2 grants Coach Core Foundation	£ 40,000 100,000 100,000
		240,000

	No trustee received any remuneration nor reimbiursed any expenses in the year under review. During the year under review National Westminster Bank Plc, a trustee of the charity to July 2021, were paid fees for the provision of administration and investment management services amounting to £44,553 whilst a trustee. Ludlow Trust Company Limited was appointed as trustee in July 2021 and was paid fees for administrative services amounting to £7,250 between appointment and the period end. These fees are authorised under clause 6 of the trust deed.

CCXX R8 accounts (SS)

Independent Examiner's Report to the Trustees of The Edward & Catherine Wray Charitable Trust

I report to the charity trustees on my examination of the accounts of the charity for the year ended 13 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.

Geoffrey Frost BSc(Hons) FCA Date 10/11/2022 Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY