|**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 (Estera.Rzepus@ludlowtrust.com) Status: Signed Transaction ID: CBJCHBCAABAAtbDpUHIQMIhYmg9Y8c8e5QY1ikviOzo9 ## "2025-07-07Adlard-Accounts" History Document created by Estera Rzepus (Estera.Rzepus@ludlowtrust.com) 2025-07-07 - 7:23:09 AM GMT Document emailed to David Breach (david.breach@ludlowtrust.com) for signature 2025-07-07 - 7:23:14 AM GMT Email viewed by David Breach (david.breach@ludlowtrust.com) 2025-07-07 - 7:31:21 AM GMT Document e-signed by David Breach (david.breach@ludlowtrust.com) Signature Date: 2025-07-07 - 7:32:08 AM GMT - Time Source: server ## Agreement completed. 2025-07-07 - 7:32:08 AM GMT