2021-03-31-accounts - The Rasche Family Charitable Trust

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Trustees' Annual Report for the period
Period start date Period end date
1 April 2020 31 March 2021
From To
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Section A Reference and administration details

Charity name The Rasche Family Charitable Trust Other names charity is known by Registered charity number (if any) 1160855

Charity's principal address Wrigleys Solicitors LLP

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17-19 Cookridge Street
Leeds
Postcode LS2 3AG
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Names of the charity trustees who manage the charity

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Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
David Anthony Chairman
1
Rasche
Michelle Louise
2
Connolly
Christopher Mark
3
Rasche
Lynsey Helen
4
Robinson
5 Diane Rasche
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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)

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Type of adviser Name Address
Solicitor Wrigleys Solicitors 17-19 Cookridge Street, Leeds LS2 3AG
LLP
General Adviser abrdn Private Client Minerva House, 29 East Parade, Leeds LS1 5PS
Services
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Name of chief executive or names of senior staff members (Optional information)

March 2012

TAR

Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document

Trust Deed

(eg. trust deed, constitution)

How the charity is constituted

Trust

(eg. trust, association, company)

The power of appointing new or additional Trustees is vested in the Settlor Trustee selection methods during his lifetime and thereafter to the present Trustees. Every new (eg. appointed by, elected by) Trustee must sign a declaration of willingness to act as a Trustee of the Charity before he or she may act as a Trustee.

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.

The Trust is a registered charity, number 1160855, and is constituted under a Trust Deed dated 5 March 2015. The Charity was established in March 2015 through an initial donation of £1,000,000 from the Chairman of Trustees and Settlor, David Rasche.

The Trustees had initial training on responsibilities and charitable governance provided by Wrigleys Solicitors charity specialists.

The Trust Deed provides for a minimum of 3 Trustees, to a maximum of 8 Trustees, or a sole corporate Trustee. The Trust Deed also provides that the Trustees must hold at least one meeting a year.

The Trustees met three times during the year to formally discuss grant applications which are reviewed by one or more of the Trustees initially and a shortlist drawn up each quarter. At one meeting, the Trustees also confirmed the strategy of distributing roughly 5% of the capital grant per annum.

Section C Objectives and activities

Summary of the objects of the charity set out in its governing document

The objects of the Trust are for the public benefit to advance such exclusively charitable purposes (according to the law of England and Wales) as the Trustees see fit from time to time including (but without limiting the generality of the foregoing) to make grants to: - Advance education;

Advance health; and
To relieve those in need by reason of ill health or disability.

March 2012

TAR

The Trustees have agreed to continue to support the two key Charities that the settlor and his family know well and have supported for a number of years. These are: The On Course Foundation, which helps severely injured current and past service personnel rehabilitate through golf; African Revival, which builds schools and supports other educational and community needs in rural Africa.

For several years the Trustees have also supported Caring for Life a local Christian charity that cares for vulnerable people with no-one else through providing accommodation and or ongoing support.

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.

March 2012

TAR

Section D Achievements and performance

Summary of the main achievements of the charity during the year

During the financial year, grants totalling £65,000 were made. The Charities which received donations were: -The On Course Foundation Supporting the recovery of injured and sick Service personnel and veterans through nationwide golf events and employment in the golf industry. -African Revival Transforming schools in Africa into effective, thriving teaching and learning environments. -Caring for life Helping homeless or vulnerable people by providing accommodation, ongoing support and friendship. -The Principle Trust Children’s charity trust which helps disabled children and families have some respite / holiday. -Maggie’s Providing help for people with cancer. -Church on the Street Ministries Providing help and support those in need. -Zarach Providing help and support to children and families who live in poverty. -Skipton Baptist Foodbank Providing help to those who suffer from food poverty.

March 2012

TAR

Section E Financial review

Brief statement of the charity’s policy on reserves

Details of any funds materially

in deficit

The Trustees have decided not to hold reserves on the basis that the charity has no overheads and recognises grants at the time of approval, rather than when the grant is paid, which ensures that the trustees can honour the grants that they have decided to award. The Trustees keep their position on reserves under review.

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.

Investment policy

The Trustees consider the financial position of the Charity to be satisfactory.

The Trustees have the power to invest in such assets as we see fit. Funds have been placed with Handlesbanken and all funds held are unrestricted. During the year capital has been invested in cautious managed funds to try and increase the interest earned.

Funds are also held in a private equity fund to increase returns.

The Trustees met three times during the year to formally discuss grant applications.

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) Position (eg Secretary, Chair, etc) Date

March 2012

TAR

Rasche Family Charitable Trust Accounts to 31 March 2021

The charitable trust is in a good financial position with interest and dividends etc. slightly exceeding grants and expenses. The trustees continue to maintain a good capital balance, so the income can be used for annual grants rather than using much of the capital.

Aside from the two main charities that we support, The On Course Foundation and African Revival, other grants are made just to local charities.

The past two years of the pandemic have been very difficult for many, many people, so we have tried to increase our grant making a little in order to help a few more of those badly affected. We intend to do so again during the current financial year.

The trustees have met formally and informally during the year, as well as emailing documents and thoughts on which charities to support.

We cannot make enough difference by donating small amounts to all the requests for assistance we receive and therefore we concentrate on charities that are local, where we know our help goes directly to their beneficiaries. We believe it is better to provide six or eight grants, where we can follow the progress of the charity, rather than spread our net wider.

We hope, that acting this way we can offer greater help to those we support.

The trustees would like to thank the charities we support for the good work they do on behalf of their beneficiaries and our advisers for their guidance.

David A Rasche Chairman of Trustees

	The Rasche Family Charitable Trust	The Rasche Family Charitable Trust	The Rasche Family Charitable Trust	1160855	CC16a
	For the period from	01/04/2020	To	31/03/2021

Section A Receipts and payments
A1 Receipts	Unrestricted funds to the nearest £ -	Restricted funds to the nearest £ -	Endowment funds to the nearest £ -	Total funds to the nearest £ - - 912 13,251 19,819 - - -	Last year to the nearest £
HMRC Repayment	-	-	-	-	-
HMRC Reapayment Supplement	-	-	-	-	-
Handelsbanken Gross Bank Interest	912	-	-	912	2,267
Rathbone Investment Management	13,251	-	-	13,251	13,755
B/O YFM EquityPartners	19,819	-	-	19,819	1,587
Donations to Sally Major (Unpresented cheque)	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
*Sub total*(Gross income for AR)	33,983	-	-	33,983	17,609
A2 Asset and investment sales, (see table).				46,882 117
A2 Asset and investment sales, (see table).
Sales Proceeds	46,882	-	-	46,882	85,495
Equalisationpayments	117	-	-	117	74
*Sub total*	46,999	-	-	46,999	85,569
*Total receipts* 80,982 A3 Payments
	80,982	-	-	80,982	103,178
				65,000 424 2,022 5,776 - - - - -
Donations	65,000	-	-	65,000	56,000
Governance - Wrigleys	424	-	-	424	1,200
Governance - 1825	2,022	-	-	2,022	2,250
Investment Management Costs - Rathbone Management	5,776	-	-	5,776	6,091
Handelsbanken Charges	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
*Sub total*	73,221	-	-	73,221	65,541
A4 Asset and investment purchases, (see table)				83,278 -
A4 Asset and investment purchases, (see table)
Rathbone Investment Management (Investments)	83,278	-	-	83,278	34,559
	-	-	-	-
*Sub total*	83,278	-	-	83,278	34,559
*Total payments* 156,500 Net of receipts/(payments) - 75,518 A5 Transfers between funds - A6 Cash funds last year end 333,640 *Cash funds this year end* 258,123
	156,500	-	-	156,500	100,100
	- 75,518	-	-	- 75,518 - 333,640
	- 75,518	-	-	- 75,518	3,077
	-	-	-	-	-
	333,640	-	-	333,640	-
	258,123	-	-	258,123	3,077

CCXX R1 accounts (SS)

19/01/2022

Section B Statement of assets and liabilities at the end of the period

		Unrestricted		Restricted	Endowment
Categories	Details	funds		funds	funds
		to nearest £		to nearest £	to nearest £
B1 Cash funds	Handelsbanken	250,372		-	-
	Rathbone	7,751		-	-
		-		-	-
	*Total cash funds*	258,123		-	-
	(agree balances with receipts and payments
	account(s))	OK		OK	OK
		Unrestricted		Restricted	Endowment
		funds		funds	funds
	Details	to nearest £		to nearest £	to nearest £
B2 Other monetary assets		-		-	-
		-		-	-
		-		-	-
		-		-	-
		-		-	-
		-		-	-
	Details	Fund to which asset belongs		Cost (optional)	Current value (optional)
B3 Investment assets	Rathbone Investment Management	Unrestricted		605,965	688,450
	(Investments)
	B/O YFM Equity Partners (Investments)	Unrestricted		90,000	90,000
				-	-
				-	-
				-	-
	Details	Fund to which asset belongs		Cost (optional)	Current value (optional)
B4 Assets retained for the				-	-
charity’s own use				-	-
				-	-
				-	-
				-	-
				-	-
				-	-
				-	-
				-	-
		Fund to which		Amount due	When due
	Details	liability relates		(optional)	(optional)
B5 Liabilities				-
				-
				-
				-
				-
Signed by one or two trustees on behalf of all the trustees	Signature	Print	Name		Date of approval

CCXX R2 accounts (SS)

19/01/2022

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examinerfs Report Report to the trusteesl members of T4E LAS( F)hiLy (14aClf46L On accounts for the year ended Charlty no {If any) A JC J 85s Set out on pages I report lo the trustees on my examination of Ihe accounts of the above charity (Ihe Trusf) for the year ended.g 4 0 3 202h . Responsibilitie5 and As the charity trustees of the Trust, you are responsible for the preparation basls of report of the accounts in accordance wlh 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 Ihe applicable Directions given by the Charity Commission under section 145{5)Ib) of the Ad. I have completed my examination. I confim that no malerial matter5 have come lo rny attention I } in connection with the examination vthich gives me cause to believe that in, any material respect.. Independent examiner's ststement I have no concems and have come across no other matters in conneclion with the examination to which attention should be drawn in order to enable proper understanding of the accounts to be reached. Please delete the words in the brackets rfthey do not apply. Signed: Date: Name: Relevant professional qualifl¢atlon{$) or body {if any)- Address". IER October 2018

Section B Disclosure Only complele if the examiner needs lo highlight matters of concern Isee CC32, Independent examination of charity accounts.. directions and guidance for examiners). Give here brief delails of any items thal the examlner wishes to disclose. IER October 2018