2024-09-09-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 10.09.2023	To	09.09.2024 Period end date

Section A Receipts and payments	Section A Receipts and payments
A1 Receipts	Unrestricted funds to the nearest £ 49,715 2,588 - - - - - - 52,303 - - - 52,303 145,000 - 11,455 780 71 - - - - 157,306 - 98 98 157,404 - 105,101 101,366 27,098 23,363	Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Endowment funds to the nearest £ - - 282 - - - - - 282 1,826,448 1,826,448 1,826,730 - 8,225 - - - - - - - 8,225 1,721,194 1,995 1,723,189 1,731,414 95,317 - 101,366 64,225 58,176	Total funds to the nearest £ 49,715 2,588 282 - - - - - 52,585 1,826,448 - 1,826,448 1,879,033 145,000 8,225 11,455 780 71 - - - - 165,531 1,721,194 2,093 1,723,287 1,888,818 - 9,784 - 91,323 81,539	Last year to the nearest £
Income from investments	49,715				40,471
Interest received	2,588				1,277
Donations to trust	-				51,568
	-				-
	-				-
	-				-
	-				-
	-				-
Sub total(Gross income for AR)	52,303				93,316
A2 Asset and investment sales, (see table).
Sale of investments	-				822,104
Foreign Currencyexchange rategain	-				-
Sub total	-				822,104
Total receipts A3 Payments
					915,420
Grants awarded	145,000				107,000
Investment manager fees (Including VAT)	-				7,224
Trust management fee(includingVAT)	11,455				11,746
Independent Examiners fees	780				780
Cash management fee	71				20
Bank charges	-				12
Legal fees	-				600
	-				-
	-				-
Sub total	157,306				127,382
A4 Asset and investment purchases, (see table)
Investmentpurchases	-				772,527
Foreign Currencyexchange rate loss	98				4,309
Sub total	98				776,836
Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end
					904,218
	- 105,101	-	95,317	- 9,784	11,202
	101,366	-	- 101,366	-	-
	27,098		64,225	91,323	80,121
	23,363	-	58,176	81,539	91,323

CCXX R1 accounts (SS)

02/04/2025

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 B1 Cash funds B2 Other monetary assets B4 Assets retained for the charity’s own use B5 Liabilities B3 Investment assets	US$ Reserve account Details Details Capital account Income account US$ Income account Details Details Total cash funds (agree balances with receipts and payments account(s)) Details Investment portfolio	Unrestricted funds to nearest £ - 21,109 - 2,254 23,363 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 £
				16,832
				-
				41,344
				-
				58,176
				OK
				Endowment funds to nearest £
				-
				-
				-
				-
				-
				-
				Current value (optional)
				1,808,331
				-
				-
				-
				-
				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

CCXX R2 accounts (SS)

02/04/2025

Trustees’ Annual Report for the period

From 10 September 2023 To 09 September 2024

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 eleven charities totalling £145,000.
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

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 £23,363 (2023: £27,098). In addition to the free reserves the charity has bank balances of £58,176 (2023: £64,225) and investments valued at £1,808,331 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
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) Youmay choose toincludefurtherstatementswhererelevant about:	Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant about:	Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant 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 £11,455. 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 12 13 14 15 16 17 18 19 20	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

– 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 9° September 2024 Charity no lif any) 1164276 Set out on pages 1to2 I report lo the trustees on my examination of the accounts of the above charity l-the Trusf) for the year ended 91h September 2024. 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 {"the Acr) I report in respect of my examination of the TnJst'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 145{5}{b) of the Act. I have completed my examination. I confimi that no material matters have come to My attention in connection wilh the examination which gives me cause to believe that in. any material fespect: accounting records We￿ not kept in accordance ¥Mth section 130 of the Act or the a¢￿Unts do not accord with the accounting records Independent examiner's statement I have no ¢on¢ems and have come across no other matters in connection with the examination to which attention should be drawn in order to enablè a proper understanding of the accounts to be reached. Signed: Date: Name: Mr Keith Felton Relevant professional qualification(sl or body lif any): ACCA Address". KJF A¢¢ounting 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 guidan￿ for examiners). Give here brief details of any items that the examiner wishes to disclose. IER October 2018

2025-07-07Adlard-Accounts

Final Audit Report

2025-07-07

Created: 2025-07-07 By: Estera Rzepus ([e-mail]) Status: Signed Transaction ID: CBJCHBCAABAAtbDpUHIQMIhYmg9Y8c8e5QY1ikviOzo9

"2025-07-07Adlard-Accounts" History

Document created by Estera Rzepus ([e-mail]) 2025-07-07 - 7:23:09 AM GMT

Document emailed to David Breach ([e-mail]) for signature 2025-07-07 - 7:23:14 AM GMT

Email viewed by David Breach ([e-mail]) 2025-07-07 - 7:31:21 AM GMT

Document e-signed by David Breach ([e-mail]) Signature Date: 2025-07-07 - 7:32:08 AM GMT - Time Source: server

Agreement completed.

2025-07-07 - 7:32:08 AM GMT