The Rasche Family Charitable Trust
TRUSTEES' REPORT AND RECEIPTS AND PAYMENTS ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
A registered charity in England and Wales no. 1160855
| CONTENTS | |
|---|---|
| Page | |
| Trustees' Annual Report | 1 - 2 |
| Independent Examiners Report | 3 |
| Receipts and Payments Accounts | 4 - 5 |
The Rasche Family Charitable Trust ~~Trustees~~ ’ ~~Annual Report for the year ended 31 March 2025~~
Charity Registration No. 1160855
The trustees present their report and accounts for the year ended 31 March 2025.
The financial statements are receipts and payments accounts and have been prepared in accordance with Charity Commission for England and Wales publication CC16a
Trustees: David Anthony Rasche (Chair) Michelle Louise Connolly Christopher Mark Rasche Lynsey Helen Robinson Diane Rasche
Charity Registration Number: 1160855 Charity Office: Wrigleys Solicitors LLP 3[rd] Floor 3 Wellington Place Leeds LS1 4AP
| Advisers: | Bankers: | Handelsbanken | 21-23 Wellington St., Leeds LS1 4DL |
|---|---|---|---|
| Accountants: | Forrest Burlinson | 20 Owl Lane, Dewsbury WF12 7RQ | |
| Solicitors: | Wrigleys Solicitors LLP | 3 Wellington Place, Leeds LS1 4AP | |
| Independent Examiner: | Darren Broadbent FCA |
Objects, purpose and activities
The objects of the charity 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: (I) advance education; (II) advance health; and (III) relieve those in need by reason of ill health or disability.
Statement on public benefit
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.
Activities
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; and
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.
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The Rasche Family Charitable Trust Trustees’ Annual Report for the year ended 31 March 2025
Charity Registration No. 1160855
During the financial year grants were made totalling £53,000 to the following charities:
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The On Course Foundation (charity no. 1136618), supporting the recovery of injured and sick service personnel and veterans through nationwide golf events and employment in the golf industry;
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African Revival (charity no. 1108718), transforming schools in Africa into effective, thriving teaching and learning environments;
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Caring For Life (charity no. 1174982), helping homeless or vulnerable people by providing accommodation, ongoing support, and friendship;
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The Principle Trust Children’s Charity (charity no. 1141546), which helps disabled children and families have some respite and holidays;
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Sick Children’s Trust (charity no. 284416), which helps provide families with a sick child in hospital with a ‘Home from Home’.
Policy on grants and donations
The trustees agree annually the strategy and roughly the amount to be distributed through the year. The trustees then meet three times during the year to formally discuss grant applications which are reviewed by one or more trustees initially and a shortlist drawn up for discussion.
Financial review
The trustees consider the financial position of the charity to be satisfactory. The charity received £25,863 income from investments in the year (2024: £83,433). Donations were given to the above charities of £53,000 (2024: £60,000).
Costs of managing investments, administration and governance were £12,100 (2024: £7,755).
Reserves
All reserves are held in the form of bank deposits and managed investments and are unrestricted, freely available to meet the requirements of the charity in making charitable donations of around £50-£60,000 each year.
Investments
The trustees have the power under the charitable trust to invest in such assets as they think fit. Capital is invested cautiously in managed funds to try and increase interest earned. Funds are also held in a private equity fund to try and increase returns.
Structure, governance and management
The charity is constituted by Trust Deed, which provides for a minimum of 3 trustees, to a maximum of 8. The power of appointing new or additional trustees is vested in the settlor during his lifetime and thereafter to the present trustees. Every newly appointed trustee must agree to sign a declaration of willingness to act as a charity trustee.
Trustees received initial training on responsibilities and charitable governance from Wrigleys solicitors.
Approval
This report was approved by the Board of Trustees on 19 December 2025 and signed on their behalf by:
………………………………………………………………..……… David A Rasche (Chair), The Rasche Family Charitable Trust
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The Rasche Family Charitable Trust Year ended 31 March 2025
Independent Examiners Report to the Trustees of The Rasche Family Charitable Trust
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2025.
Responsibilities and basis of report
As the trustees of the charity 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. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. An independent examination is NOT an audit of the accounts of the charity.
Independent examiner's statement
I have completed my examination and confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
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l accounting records were not kept in accordance with section 130 of the Act, or
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l the accounts do not accord with the accounting records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Use of our report
This report is made solely to the charity trustees, as a body. My work has been undertaken so that I might state to the charity trustees those matters I am required to state to them in an Independent Examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity trustees as a body, for my work, for this report, for the statements I have made, or for the opinions I have stated.
………………………………………………………………………………………
Dated 19 December 2025
Darren Broadbent
Member of the Institute of Chartered Accountants in England and Wales for and on behalf of Forrest Burlinson Chartered Accountants
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The Rasche Family Charitable Trust Year ended 31 March 2025
Charity No. 1160855
Receipts and payments accounts
Prepared in accordance with Charity Commission for England and Wales publication CC16a.
| 2025 | 2025 | 2025 | 2024 | |
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |
| Unrestricted | Unrestricted | |||
| general | funds | funds | funds | |
| RECEIPTS | £ | £ | £ | £ |
| Investment income (Rathbones) | 14,490 | 15,951 | ||
| B/O YFM Equity Partners | 7,379 | 62,980 | ||
| Bank interest | 3,994 | 4,502 | ||
| -- | -- | 25,863 | 83,433 | |
| Asset and investment sales | ||||
| Portfolio sales proceeds | 117,506 | 73,509 | ||
| Equalisation | -- | 65 | ||
| -- | -- | 117,506 | 73,574 | |
| Total receipts | -- | -- | 143,369 | 157,007 |
| PAYMENTS | ||||
| Donations to charities | 53,000 | 60,000 | ||
| Investment management fees | 5,320 | 5,175 | ||
| Governance costs | 6,780 | 2,580 | ||
| Total payments | -- | -- | 65,100 | 67,755 |
| Asset and investment purchases | ||||
| Portfolio purchases | 162,286 | 83,801 | ||
| Total payments | -- | -- | 227,386 | 151,556 |
| Net of receipts/(payments) | -- | -- | (84,017) | 5,451 |
| transfers between funds | -- | -- | -- | -- |
| Cash funds last year end | -- | -- | 236,130 | 230,679 |
| Cash funds this year end | -- | -- | 152,113 | 236,130 |
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The Rasche Family Charitable Trust Year ended 31 March 2025 Statement of assets and liabilities as the end of the period
| 2025 | 2025 | 2025 | 2024 | |
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |
| general | funds | funds | funds | |
| Cash funds | £ | £ | £ | £ |
| Bank | 139,085 | 227,513 | ||
| Investments cash account | 13,028 | 8,617 | ||
| Total cash funds | -- | -- | 152,113 | 236,130 |
| Investment assets | ||||
| Rathbones investments | 691,413 | 650,390 | ||
| B/O YFM Equity Partners | 153,244 | 90,000 | ||
| -- | -- | 844,657 | 740,390 |
Approved by the trustees on 19 December 2025 and signed on their behalf by:
…………………………………………………………………………………………………………………… David A. Rasche, Trustee
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