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2022-03-31-accounts

Trustees' Annual Report for the period

Period start date Period start date Period end date
From 1 April 2021 To 31
March		 2022

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
Wrigleys Solicitors LLP
3rd Floor, 3 Wellington Place
Leeds
Postcode LS1 4AP

Names of the charity trustees who manage the charity

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

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)

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
Solicitor Wrigleys Solicitors
LLP		 3rd Floor, 3 Wellington Place, Leeds LS1 4AP
General Adviser abrdn Private Client
Services		 Minerva House, 29 East Parade, Leeds LS1 5PS

Name of chief executive or names of senior staff members (Optional information)

March 2012

TAR

1

Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document

Trust Deed

How the charity is constituted

Trust

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:

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 £60,000 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

March 2012

TAR

2

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 by providing accommodation and 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:

March 2012

TAR

3

Section D Achievements and performance

Summary of the main achievements of the charity during the year

During the financial year, grants totalling £60,000 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. -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. -DEC Ukraine Appeal Providing help and support to those affected by the conflict .

March 2012

TAR

4

Section E Financial review

Brief statement of the charity’s policy on reserves

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.

Details of any funds materially in deficit

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

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

5

The Rasche Family Charitable Trust

The trust remains in good financial health despite the economic turbulence experienced over the last year or so. Investments are now down a little but should recover and we still have a good proportion in immediately accessible bank accounts.

We continue to support the work of our main charities, The On Course Foundation, African Revival and Caring for Life, as well as a few local charities. We also supported the DEC Ukraine Appeal and the trustees have separately supported a displaced Ukrainian family with accommodation.

As trustees we meet and discuss our policies as well as grant applications we receive. Not many new applications pass our remit and are local, so we mainly grant to charities we have helped in the past.

We continue to use the services of Wrigleys Solicitors Llp to advise us on any changes in legislation or good governance practice.

In the forceable future we expect to continue to grant around £60,000 per annum to the current charities that we support, but do review all grant applications, that we receive.

We are aware that the current climate means that there are more people in need and we do try to consider this in reviewing our levels of grant. Our grants will be a small proportion of that needed by those we support, but we hope it still makes a difference to the benefactors.

David A Rasche Chairman of Trustees

Date-

The Rasche Family Charitable Trust

The Rasche Family Charitable Trust 1160855 Receipts and payments accounts For the period 01/04/2021 To from

CC16a 31/03/2022 To

Section A Receipts and payments Section A Receipts and payments
A1 Receipts Unrestricted
funds
to the nearest
£
-
-
253
15,024
43,618
-
-
-
58,895
154,313
-
154,313
213,208
60,000
1,980
1,800
5,576
-
-
-
-
-
69,356
151,082
-
151,082
220,438
- 7,230
-
258,123
250,892		 Restricted
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Endowment
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total funds
to the nearest £
-
-
253
15,024
43,618
-
-
-
58,895
154,313
-
154,313
213,208
60,000
1,980
1,800
5,576
-
-
-
-
-
69,356
151,082
-
151,082
220,438
- 7,230		 Last year
to the nearest £
HMRC Repayment - -
HMRC Reapayment Supplement - -
Handelsbanken Gross Bank Interest 253 912
Rathbone Investment Management 15,024 13,251
B/O YFM EquityPartners 43,618 19,819
- -
- -
- -
Sub total(Gross income for
AR)		 58,895 33,983
A2 Asset and investment sales,
(see table).
Sales Proceeds 154,313 46,882
Equalisationpayments - 117
Sub total 154,313 46,999
Total receipts
A3 Payments
80,982
Donations 60,000 65,000
Governance - Wrigleys 1,980 424
Governance - abrdn(formerly1825) 1,800 2,022
Investment Management Costs -
Rathbone Management		 5,576 5,776
Handelsbanken Charges - -
- -
- -
- -
- -
**Sub total ** 69,356 73,221
A4 Asset and investment
purchases, (see table)
Rathbone Investment Management
(Investments)		 151,082 83,278
-
**Sub total ** 151,082 83,278
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
156,500
- 7,230 - - - 7,230 - 75,518
- - - - -
258,123 - - 258,123 333,640
250,892 - - 250,892 258,123

CCXX R1 accounts (SS)

27/01/2023

1

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 Section B Statement of assets and liabilities at the end of the period
Categories
B5 Liabilities
B3 Investment assets
B2 Other monetary assets
B4 Assets retained for the
charity’s own use
B1 Cash funds		 Details
Rathbone Investment Management
(Investments)
B/O YFM Equity Partners (Investments)
Details
Total cash funds
(agree balances with receipts and payments
account(s))
Handelsbanken
Rathbone
Details
Details
Details		 Unrestricted
funds
to nearest £
244,886
6,007
-
250,892
OK
Unrestricted
funds
to nearest £
-
-
-
-
-
-
Fund to which
asset belongs
Unresticted
Unresticted
Fund to which
asset belongs
Fund to which
liability relates		 Restricted
funds
to nearest £
-
-
-
-
OK
Restricted
funds
to nearest £
-
-
-
-
-
-
Cost (optional)
630,992
90,000
-
-
-
Cost (optional)
-
-
-
-
-
-
-
-
-
Amount due
(optional)
-
-
-
-
-		 Endowment
funds
to nearest £
-
-
-
-
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
-
-
-
-
-

Signed by one or two trustees on behalf of all the trustees

Signature Print Name Date of
approval

CCXX R2 accounts (SS)

27/01/2023

2

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of fklc RAscklg- f fvPIILY CHAIITA bLE T£b14f On accounts for the year ended 3A hAécH £021 Charity no lif any} JA0855 Set out on pages Respective The charity's Iruslees are responsible for the preparation of thè accounts. responsibilities of The charity's trustees consider that an audit is not required for this year trustees and examiner under section 144 of the Charities Act 2011 Ithe Charities Act) and that an independent examination is needed. It is my responsibility to.. examine the accounts under section 145 of the Charities Act, to follow the procedures laid down in the general Directions given by the Charity Commission lunder section 14515llbl of the Charities Act. and to slate whether particular matters have come lo my allenlion, Basls of Independent My examination was carried out in accordance with general Directions given examiner's statement by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those r&cords. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustèes concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair, view and thè report is limited to those matters set out in the slalement below. Independenl In connection with my examination, no material matters have come to my examiner's statemant attention I ow ') which gives me cause to believe that in. any material respect. A￿.with Section 130 of th&GI￿lt￿trACt or FeGord6 I have come across no other matters in connection with the examination lo which attention should be drawn in order lo enable a proper understanding of the accounts to be reached. Ple8se delete the words in the brackets if they do not 8ppIy Signèd: Date: JI gogg Name: ¢rl&£ ft llhrs Relevant professional qualificationls) or body lif any): Address: IER December 2017

Sectlon B Disclosure Only complete if the examiner needs lo highlight matters of concern {see CC32, Independent examination of charity accounts.. directions and guidance for examiners). Give here brief detsils of any items that the examiner wishes to disclose. IER December 2017