## **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
- (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 £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
- To relieve those in need by reason of ill health or disability.
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:
- policy on grantmaking;
- policy programme related investment;
- contribution made by volunteers.
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:
- 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**
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&GIlttrACt 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