2023-09-09-accounts

The Adlard Family Charitable Foundation	The Adlard Family Charitable Foundation	The Adlard Family Charitable Foundation	1164276
Receipts andpayments accounts					CC16a
For the period from	Period start date 10.09.2022	To	Period end date 09.09.2023

Section A Receipts and payments	Section A Receipts and payments
A1 Receipts	Unrestricted funds to the nearest £ 40,471 216 - - - - - - 40,688 - - - 40,688 23,000 - - - 20 - - - - 23,020 - 177 177 23,197 17,491 - 9,607 27,098	Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Endowment funds to the nearest £ 1,061 51,568 - - - - - 52,629 822,104 822,104 874,733 84,000 7,224 11,746 780 - 12 600 - - 104,363 772,527 4,132 776,659 881,022 - 6,288 - 70,513 64,225	Total funds to the nearest £ 40,471 1,277 51,568 - - - - - 93,316 822,104 - 822,104 915,421 107,000 7,224 11,746 780 20 12 600 - - 127,383 772,527 4,309 776,836 904,219 11,203 - 80,120 91,323	Last year to the nearest £
Income from investments	40,471				14,276
Interest received	216				121
Donations to trust	-				21,401
	-				-
	-				-
	-				-
	-				-
	-				-
Sub total(Gross income for AR)	40,688				35,798
A2 Asset and investment sales, (see table).
Sale of investments	-				685,533
Foreign Currencyexchange rategain	-				5,835
Sub total	-				691,368
Total receipts A3 Payments
					727,166
Grants awarded	23,000				58,000
Investment manager fees (Including VAT)	-				4,406
Trust management fee(includingVAT)	-				10,661
Independent Examiners fees	-				780
Cash management fee	20				-
Bank charges	-				-
Legal fees	-				-
	-				-
	-				-
**Sub total **	23,020				73,847
A4 Asset and investment purchases, (see table)
Investmentpurchases	-				631,123
Foreign Currencyexchange rate loss	177				-
**Sub total **	177				631,123
Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end
					704,970
	17,491	-	- 6,288	11,203	22,196
	-	-	-	-	-
	9,607		70,513	80,120
	27,098	-	64,225	91,323	22,196

CCXX R1 accounts (SS)

26/06/2024

1

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	US$ Reserve account Details Investment portfolio Details Total cash funds (agree balances with receipts and payments account(s)) Capital account Income account US$ Income account Details Details Details	Unrestricted funds to nearest £ - 24,747 - 2,351 27,098 OK Unrestricted funds to nearest £ - - - - - - Fund to which asset belongs Endowment Fund to which asset belongs Fund to which liability relates	Restricted funds to nearest £ - - - - - OK Restricted funds to nearest £ - - - - - - Cost (optional) - - - - - Cost (optional) - - - - - - - - - Amount due (optional) - - - -	Endowment funds to nearest £
				21,169
				-
				43,057
				-
				64,225
				OK
				Endowment funds to nearest £
				-
				-
				-
				-
				-
				-
				Current value (optional)
				1,750,172
				-
				-
				-
				-
				Current value (optional)
				-
				-
				-
				-
				-
				-
				-
				-
				-
				When due (optional)
			-
			-
			-
			-

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

Signature 2	Print Name David Breach on behalf of Ludlow Trust CompanyLimited	Date of approval
		26/06/2024

CCXX R2 accounts (SS)

26/06/2024

Trustees’ Annual Report for the period

From 10 September 2022 To 09 September 2023

Charity name: The Adlard Family Charitable Foundation Charity registration number: 1164276

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	To further such other objects or purposes which are exclusively charitable according to the law of England and Wales in any part of the world and in such manner as the trustees in their absolute discretion think fit.
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	In furtherance of the charity’s objects for the public benefit the trustees provide grants.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	In determining the charity’s activities the trustees have had regard to the Charity Commission’s guidance on public benefit.

Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant about:	Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant about:	Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant about:
	SORP reference
Policy on grant making	Para 1.38	Regular meetings are held by the trustees where they discuss any applications received and consider which grants they wish to award. In pursuance of its objectives, the charity’s income is applied in making grants to a number of charitable organisations and bodies involved in activities which further the charity’s objectives. Applications for grants must be made in writing
Policy on social investment including program related investment	Para 1.38
Contribution made by volunteers	Para 1.38
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 year under review the charity made grants to thirteen charities totalling £107,000.
Additional information (optional) You may choose to include further statements where relevant about:
Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	The trust is operated as a grant giving charity and the trustees’ policy is to seek to distribute or commit the income arising in each financial year. At the end of the reporting period the charity had free reserves of £27,098 (2022: £9,607). In addition to the free reserves the charity has bank balances of £64,225 (2022: £70,513) and investments valued at £1,750,172 within the expendable endowment fund.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	Given the availability of the expendable endowment fund, the trustees do not consider that the charity needs to maintain any significant free reserves although they recognise that such reserves will arise from time to time. The Trustees pursue a policy of maintaining a free reserve available to be spent in the furtherance of the charity’s objectives as well as covering future needs, opportunities, contingencies, and risks.
Amount of reserves held	Para 1.22
Reasons for holding zero reserves	Para 1.22
Details of fund materially in deficit	Para 1.24
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23

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	During the year under review the charity received donations of investments transferred in specie by the settlor to the trust. In total 25 shareholdings were transferred to the trust on 10 October 2022, with a total value of £118,406.01. The value of any of these investments still held at the year end are included in the equities valuation included on the statement of assets and liabilities attaching to the Receipts and Payments Account.
Investment policy and objectives including any social investment policy adopted	Para 1.46	There are no restrictions on the charity’s power to invest. The investment strategy is agreed between the trustees and the investment managers and is regularly reviewed. This is the subject of a policy statement which has been completed by the trustees and forms an integral part of the agreement with the investment managers to provide investment management services.
A description of the principal risks facing the charity	Para 1.46
Other		Expendable endowment funds are those which are required to be invested to produce income but which may be transferred to unrestricted funds at the discretion of the trustees in order that they may be expended in furtherance of the charity’s objectives. Unrestricted income funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Trust deed dated 9 September 2016
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	Trustees are appointed by the existing trustees.

Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:	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 charity’s organisational structure and any wider network with which the charity works	Para 1.51
Relationship with any related parties	Para 1.51	No trustee received any remuneration nor reimbursed any expenses in the year under review.

During the year Ludlow Trust Company were paid fees for trust administration services of £11,746. These fees are authorized under clause 6 of the trust deed. Other

Reference and Administrative details

Charity name	The Adlard Family Charitable Foundation
Other name the charity uses
Registered charity number	1164276
Charity’s principal address	Trustees Department 1stFloor, Tower Wharf Cheese Lane, Bristol BS2 0JJ

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11	Trustee name	Office (if any)	Dates acted if not for whole **year **	Name of person (or body) entitled to appoint trustee (ifany)
	Charles J Adlard	Settlor
	Elsa L Adlard
	Ludlow Trust CompanyLimited

12 13 14 15 16 17 18 19 20

– 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 segregation of such assets from the charity’s own assets

Additional information (optional)

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
Investment Managers	Coutts & Co	440 The Strand, London, WC2R 0QS
Bankers	Coutts & Co	440 The Strand, London, WC2R 0QS
Accountants	KJF Accounting Limited	17 Sheringham Avenue, Southgate, London, N14 4UB

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

Signature(s) Full name(s) David Breach on behalf of Ludlow Trust Company Limited Position (eg Secretary, Chair, etc) Date

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examinerfs Report Report to the trusteesl members of The Adlard Family Charitable Trust On accounts for the year ended 9th September 2023 Charity no {if any) 1164276 Set out on pages 1 to2 I report to the trustees on my examination of the accounts of the abov8 charity ('the Trust") for the year ended 91h September 2023. Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 ("th8 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 the applicable Directions given by the Charity Commission under section 145151(b) of the Act. I have completed my examination. I confirn 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.. accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord wiith the accounting records Independent examineV8 Statement I have no concems and have come across no other malter$ in connection with the examination to which attention should be drawn in order to enable proper understanding of the accounts to be reached. Signed: Date: Name: Mr Keith Felton Relevant professional qualifi¢ationl$} or body (if any): ACCA Address: KJF Accounting Ltd. 17 Sheringham Avenue, Southgate. London N14 4UB IER October 2018

Section B Disclosure Only complete if the examiner needs to highlight matters of concem (see CC32, Independent examination of charity accounts.. directions and guidance for examiners). Give here brief details of any items that the examiner wishes to disclose. IER October 2018

2024-07-08Accounts

Final Audit Report

2024-07-08

Created: 2024-07-08 By: Estera Rzepus ([e-mail]) Status: Signed Transaction ID: CBJCHBCAABAAF1knZJdzgDW_jx4LZNRTuXxdD1dwDHVX

"2024-07-08Accounts" History

Document created by Estera Rzepus ([e-mail])

2024-07-08 - 11:33:06 AM GMT

Document emailed to David Breach ([e-mail]) for signature

2024-07-08 - 11:33:10 AM GMT

Email viewed by David Breach ([e-mail])

2024-07-08 - 1:36:59 PM GMT

Document e-signed by David Breach ([e-mail]) Signature Date: 2024-07-08 - 1:38:13 PM GMT - Time Source: server

Agreement completed.

2024-07-08 - 1:38:13 PM GMT