Trustees' Annual Report for the period
Period start date Period end date Day Month Year Day Month Year From 12 December 2019 To 31 December 2020
Section A Reference and administration details
Charity name The Du Plessis Family Foundation
Other names charity is known by Registered charity number (if any) 1165760
| Charity's principal address | Trustee Department |
Trustee Department |
|---|---|---|
| 1stFloor, Trinity Quay 1 | ||
| Avon Street, Bristol | ||
| Postcode | BS2 0PT |
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) |
|---|---|---|---|---|
| Jan P Du Plessis | ||||
| Magdalena C Du Plessis |
||||
| Johan Du Plessis | ||||
| Thomas Du Plessis | ||||
| Suzanna Du Plessis |
||||
| James Baillieu | ||||
| Coutts & Co | ||||
Names of the trustees for the charity, if any, (for example, any custodian trustees)
Name Dates acted if not for whole year
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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 |
| Solicitors | TLT LLP | One Redcliffe Street, Bristol, BS1 6TP |
| Independent Examiners | Blue Spire Limited | Cawley Priory, South Pallant, Chichester, PO19 1SY |
Name of chief executive or names of senior staff members (Optional information)
Section B Structure, governance and management
Description of the charity’s trusts
Type of governing document
Trust deed dated 11 December 2015
- (eg. trust deed, constitution)
How the charity is constituted
Trust
- (eg. trust, association, company)
Trustees are appointed by the settlors during their lifetime and subject to Trustee selection methods this appointment is by the trustees.
(eg. appointed by, elected by)
Additional governance issues (Optional information)
You may choose to include additional information, where relevant, about:
-
policies and procedures adopted for the induction and training of trustees;
-
the charity’s organisational structure and any wider network with which the charity works;
-
relationship with any related parties;
-
trustees’ consideration of major risks and the system and procedures to manage them.
Section C Objectives and activities
Summary of the objects of the charity set out in its governing document
The Trustees shall hold the capital and income of the Trust Fund upon trust to apply the income, and all or such part or parts of the capital, at such time or times and in such manner to, or for the benefit of such exclusively charitable objects and purposes in any part of the world as the Trustees may in their discretion think fit.
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In furtherance of the charity’s objects for the public benefit the trustees provides grants. In determining the charity’s activities the trustees have had regard to the Charity Commission’s guidance on public benefit.
Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)
Additional details of objectives and activities (Optional information)
You may choose to include further statements, where relevant, about:
-
policy on grantmaking;
-
policy programme related investment;
-
contribution made by volunteers.
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Section D Achievements and performance
Summary of the main During the year under review the charity made 8 grant payments to 8 achievements of the charity institutions totalling £90,000. during the year
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Section E Financial review
Brief statement of the
charity’s policy on reserves
At the end of the reporting period the charity had free reserves amounting to £31,612 (2019: £2,433).
In addition to the free reserves the charity has bank balances of £109,967 (2019: £164,276) and investment assets of £3,686,930 within the expendable endowment fund.
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.
Details of any funds materially
in deficit
Further financial review details (Optional information)
You may choose to include additional information, where relevant about:
-
the charity’s principal sources of funds (including any fundraising);
-
how expenditure has supported the key objectives of the charity;
-
investment policy and objectives including any ethical investment policy adopted.
Section F Other optional information
Section G Declaration
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s)
Full name(s)[Sam Pride ] On behalf of Coutts & Co Position (eg Secretary, Chair, etc)
Date 28 May 2021
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Charity Name No (if any) The Du Plessis Family Foundation 1165760 Receipts and payments accounts CC16a For the period Period start date Period end date To from 12 December 2019 31 December 2020
Section A Receipts and payments
| A1 Receipts | Unrestricted funds to the nearest £ - 65,572 607 - - - - - 66,179 - - - 66,179 90,000 - 740 - 170 - - - - 90,910 - - - 90,910 (24,731) 53,910 2,433 31,612 |
Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Endowment funds to the nearest £ 600,242 - - - - - - - 600,242 1,141,070 - 1,141,070 1,741,312 - 35,815 - - - - - - - 35,815 1,705,896 - 1,705,896 1,741,711 (399) (53,910) 164,276 109,967 |
Total funds to the nearest £ 600,242 65,572 607 - - - - - 666,421 1,141,070 - 1,141,070 1,807,491 90,000 35,815 740 - 170 - - - - 126,725 1,705,896 - 1,705,896 1,832,621 (25,130) |
Total funds to the nearest £ 600,242 65,572 607 - - - - - 666,421 1,141,070 - 1,141,070 1,807,491 90,000 35,815 740 - 170 - - - - 126,725 1,705,896 - 1,705,896 1,832,621 (25,130) |
Last year to the nearest £ |
|---|---|---|---|---|---|---|
| Donations to trust | - | 600,000 | ||||
| Investment income | 65,572 | 51,483 | ||||
| Income from bank interest | 607 | 1,262 | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| Sub total(Gross income for AR) |
66,179 | 652,745 | ||||
| A2 Asset and investment sales, (see table). |
||||||
| Sale of investments | - | 1,272,645 | ||||
| - | - | |||||
| Sub total | - | 1,272,645 | ||||
| Total receipts A3 Payments |
||||||
| 1,925,390 | ||||||
| Grants awarded | 90,000 | 74,000 | ||||
| Inv mgmt and admin | - | 29,737 | ||||
| Independent examiner | 740 | 400 | ||||
| Legal fees | - | 360 | ||||
| ACF membershipfee | 170 | - | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| **Sub total ** | 90,910 | 104,497 | ||||
| A4 Asset and investment purchases, (see table) |
||||||
| Investmentpurchases | - | 1,863,654 | ||||
| - | ||||||
| **Sub total ** | - | 1,863,654 | ||||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end **Cash funds this year end ** |
||||||
| 1,968,151 | ||||||
| (24,731) | - | (399) | (25,130) | (42,761) | ||
| 53,910 | - | (53,910) | - | - | ||
| 2,433 | - | 164,276 | 166,709 | 209,470 | ||
| 31,612 | - | 109,967 | 141,579 | 166,709 |
CCXX R6 accounts (SS)
6
| 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 Signed by one or two trustees on behalf of all the trustees B1 Cash funds B2 Other monetary assets B3 Investment assets B4 Assets retained for the charity’s own use B5 Liabilities CCXX R7 accounts (SS) |
(agree balances with receipts and payments account(s)) Details Capital account Income account 2 Reserve account 2 Total cash funds Income account Reserve account Capital account 2 Details Details Investments Details Details Investment management and admin fees Independent examiner Signature 7 |
Unrestricted funds Restricted funds to nearest £ to nearest £ - - 31,612 - - - - - - - - - 31,612 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) Endowment - - - - - Fund to which asset belongs Cost (optional) - - - - - - - Fund to which liability relates Amount due (optional) Endowment 10,015 Income 780 - - - Print Name Sam Pride On behaf of Coutts & Co |
Endowment funds to nearest £ |
| 82,646 | |||
| - | |||
| 27,321 | |||
| - | |||
| - | |||
| - | |||
| 109,967 | |||
| OK | |||
| Endowment funds to nearest £ |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| 3,686,930 | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
|||
| Date of approval |
|||
| 28 May 2021 | |||
CCXX R7 accounts (SS)
7
Section C Notes to the Accounts
C1 Nature and purpose of funds (may be Expendable endowment funds are those which are required to be invested to produce income but which may be stated on analysis of funds worksheets) 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.
C2 Related party transactions
No trustee received any remuneration nor reimbursed any expenses in the year under review.
During the year under review Coutts & Co, a trustee of the charity, were paid fees for the provision of administration and investment management services amounting to £35,815 as authorised under clause 6.2 of the trust deed.
CCXX R8 accounts (SS)
8
Independent Examiner's Report to the Trustees of The Du Plessis Family Foundation
I report to the charity trustees on my examination of the accounts of the charity for the period ended 31 December 2020 as set out on pages 6 to 8.
Responsibilities and basis of report
As the charity’s trustees 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 and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
28 May 2021 Geoffrey Frost BSc(Hons) FCA Date Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY
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