Trustees’ Annual Report for the period
From 1 April 2022 Period start date To date
31 March 2023 Period end
Charity name: The Rasche Family Charitable Trust
Charity registration number: 1160855
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | 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 |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
The Trustees have agreed to continue to support the two key Charities that the settlor and his family know well and have supported for several 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 ongoingsupport. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The Trustees confirm that they have complied with their duties to give due regard to the Charity Commission’s guidance to charities on public benefit. |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making
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Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | During the financial year, grants totalling £60,000 were made. The Charities which received donations were: • The On Course Foundation (Charity Number 1136618) Supporting the recovery of injured and sick Service personnel and veterans through nationwide golf events and employment in the golf industry. • African Revival (Charity Number 1108718) Transforming schools in Africa into effective, thriving teaching and learning environments. • Caring for life (Charity Number 1174982Helping homeless or vulnerable people by providing accommodation, ongoing support, and friendship. • The Principle Trust Children’s Charity (Charity Number 1141546) which helps disabled children and families have some respite / holiday. • Zarach (Charity Number 1179539) Providing help and support to children and families who live in poverty. • Skipton Baptist Church (Charity Number 1181773) To be used with the foodbank service which they provide to those who suffer from food poverty. • The Sick Children’s Trust (Charity Number 284416) Providing accommodation to families across |
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Yorkshire with a seriously ill child being treated at Leeds Children’s Hospital, offering them practical and emotional support at a time of great upheaval. • Children’s Heart Surgery Fund (Charity Number 1148359) Providing support to the Leeds Congenital Heart Unit so that they can provide life-saving medical equipment, parent accommodation and vital ward resources.
Additional information (optional) You may choose to include further statements where relevant about:
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Achievements against Para 1.41
objectives set
Performance of fundraising
activities against objectives Para 1.41
set
Investment performance Para 1.41
against objectives
Other
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Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The Trustees consider the financial position of the Charity to be satisfactory. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | 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. |
| Amount of reserves held | Para 1.22 | nil |
| Reasons for holding zero reserves |
Para 1.22 | See above |
| Details of fund materially in deficit |
Para 1.24 | n/a |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | n/a |
Additional information (optional) You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | 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 theyear to formallydiscussgrant applications. |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
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Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Trust Deed |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Trust |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | The power of appointing new or additional Trustees is vested in the Settlor during his lifetime and thereafter to the present Trustees. Every new 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 information (optional) You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | The Trustees had initial training on responsibilities and charitable governance provided by Wrigleys Solicitors charity specialists. |
|---|---|---|
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | 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. |
| Relationship with any related parties |
Para 1.51 | |
| Other | 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 capitalgrantper annum. |
Reference and Administrative details
| Charityname | The Rasche FamilyCharitable Trust |
|---|---|
| Other name the charity uses | |
| Registered charitynumber | 1160855 |
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| Charity’s principal address | Wrigleys Solicitors LLP 3rd Floor 3 Wellington Place Leeds 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 |
– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets held in this capacity
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and
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segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
| Additional information (optional) Names and addresses of advisers (Optional information) |
Additional information (optional) Names and addresses of advisers (Optional information) |
Additional information (optional) 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 |
Floor 7, 145 Vincent Street, Glasgow, G2 5JF |
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
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Signature(s)
Full name(s)
Position (eg Secretary,
Chair, etc)
Date
22 January 2024
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The Rasche Family Charitable Trust Chairmans report
Chairman’s Report
thousand pounds in the year. The larger grants have been to the main chari�es that we support, The On Course Founda�on, African Revival and Caring for Life, plus some smaller local chari�es that we have been able to help again.
large organisa�ons or ones outside Yorkshire. We were able to give funds to Leeds children’s heart surgery unit, the Leeds sick children’s fund and three local chari�es who help disadvantaged and impoverished families.
The trustees met three �mes during the year as well discussing applica�ons and other maters via email. We reaffirmed our policy of gran�ng in a similar way and at a similar level to the last two years.
We refer to advisers where necessary and they keep us up to date with and changes in legisla�on. There was nothing relevant during this year.
families and we will con�nue to help where we can within our capabili�es. Increased interest rates over the past period may allow us to grant a litle more during 2023/4.
22 January 2024
The Rasche Family Charitable Trust
1160855
Receipts and payments accountspts and payments accountsts and payments accountspayments accountsayments accountsyments accountsments accounts
Receipts and payments accountspts and payments accountsts and payments accountspayments accountsayments accountsyments accountsments accounts CC16a For the period 01/04/2022 31/03/2023 To from
Section A Receipts and payments
| A1 Receipts | Unrestricted funds to the nearest £ - - 2,129 16,794 6,702 - - - 25,625 122,542 113 122,655 148,280 60,000 1,320 1,800 5,336 - - - - - 68,456 100,037 - 100,037 168,493 - 20,213 - 250,892 230,680 |
Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Endowment funds to the nearest £ |
Total funds to the nearest £ - - 2,129 16,794 6,702 - - - 25,625 122,542 113 122,655 148,280 60,000 1,320 1,800 5,336 - - - - - 68,456 100,037 - 100,037 168,493 - 20,213 |
Total funds to the nearest £ - - 2,129 16,794 6,702 - - - 25,625 122,542 113 122,655 148,280 60,000 1,320 1,800 5,336 - - - - - 68,456 100,037 - 100,037 168,493 - 20,213 |
Last year to the nearest £ |
|---|---|---|---|---|---|---|
| HMRC Repayment | - | - - - - - - - - - |
- | - | ||
| HMRC Reapayment Supplement | - | - | - | |||
| Handelsbanken Gross Bank Interest | 2,129 | 2,129 | 253 | |||
| Rathbone Investment Management | 16,794 | 16,794 | 15,024 | |||
| B/O YFM EquityPartners | 6,702 | 6,702 | 43,618 | |||
| - | - | - | ||||
| - | - | - | ||||
| - | - | - | ||||
| Sub total(Gross income for AR) |
25,625 | 25,625 | 58,895 | |||
| A2 Asset and investment sales, (see table). |
||||||
| Sales Proceeds | 122,542 | - - - |
122,542 | 154,313 | ||
| Equalisationpayments | 113 | 113 | - | |||
| Sub total | 122,655 | 122,655 | 154,313 | |||
| Total receipts A3 Payments |
||||||
| - | 148,280 | 213,208 | ||||
| Donations | 60,000 | - - - - - - - - - - |
60,000 | 60,000 | ||
| Governance - Wrigleys | 1,320 | 1,320 | 1,980 | |||
| Governance - abrdn(formerly1825) | 1,800 | 1,800 | 1,800 | |||
| Investment Management Costs - Rathbone Management |
5,336 | 5,336 | 5,576 | |||
| Handelsbanken Charges | - | - | - | |||
| - | - | - | ||||
| - | - | - | ||||
| - | - | - | ||||
| - | - | - | ||||
| **Sub total ** | 68,456 | 68,456 | 69,356 | |||
| A4 Asset and investment purchases, (see table) |
||||||
| Rathbone Investment Management (Investments) |
100,037 | - - - |
100,037 | 151,082 | ||
| - | - | |||||
| **Sub total ** | 100,037 | 100,037 | 151,082 | |||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
DRAFT | |||||
| - | 168,493 | 220,438 | ||||
| - 20,213 | - | - | - 20,213 | - 7,230 | ||
| - | - | - - |
- | - | ||
| 250,892 | - | 250,892 | 258,123 | |||
| 230,680 | - | - | 230,680 | 250,892 |
CCXX R1 accounts (SS)
08/01/2024
1
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 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 Signature |
Unrestricted funds Restricted funds to nearest £ to nearest £ 206,820 - 23,860 - - - 230,680 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) Unresticted 637,254 Unresticted 90,000 - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name |
Endowment funds to nearest £ |
|---|---|---|---|
| - | |||
| - | |||
| - | |||
| - | |||
| OK | |||
| Endowment funds to nearest £ |
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| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
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| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
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| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
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| Date of approval |
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CCXX R2 accounts (SS)
08/01/2024
2
- 1 (HARITY COMMISSION Independent examiner's report on the FOR ENGLAND AND WALFS accounts Section A Indopendent Examinèr's Report Report to the trustees @figcM¢ fQtyiL4 CHAQifabLf On accounts for the year ended 31 hARCO 1013 Charity no lif any) A1696f Set out on pages I report to the Iruslees on my examination f the accounts of the above Responsibilitie5 and basis of report As the charitvs trustees. you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 1.the Acl"). I report in respect of my examination of the Twst's accounts carried out under section 145 of the 2011 Act and in carying out my examination, I have followed all the applicable DirectKJns given by the Charity Commission under section 145151{bl of the Act. Independent examinerfs statement I have completed my examination. l o)nfim that no material matters have come to my attention in connection with the examination {8#* d1sel.) which gives me cause to believe that in, any material respect: the accounting records were not kept in accordance wth section 130 of the Charities Act.. or the accounts did not accord with the accounting records., or the accounts did not comply wlh the applicable requirements conceming the form and content of accounts set out in the Charities (Accounls 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 examinalion. I have no concerns and have come across no other matters in connection th the exarninalion lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Please delete the words in the brackets if they do not apply. Signed: Date: Name: fr1g Relevant professional qualification{s} or body IER Oct 2018
(If any).. Address.. Section B Disclosure Only complete if the examiner needs lo highlight material mattèrs of concern (see CC32, Independent examination of charity acGounls: direcbons and guidance for examiners). Give here brief details of any Items that th¢ examiner wishes to disclose. IER Oct 2018