Charity no. 1165760
# **The Du Plessis Family Foundation Receipts and Payments Accounts 31 December 2022**
## **The Du Plessis Family Foundation**
## **Reference and administrative details**
|**For theyear ended 31 December 2022**|**For theyear ended 31 December 2022**|
|---|---|
|**Charity number**|1165760|
|**Registered office and**|c/o Godfrey Wilson Limited|
|**operational address**|5th Floor Mariner House|
||62 Prince Street|
||Bristol|
||BS1 4QD|
|**Trustees**|The trustees who served during the year and up to the date of this report|
||were as follows:|
||Jan du Plessis|
||Magdalena du Plessis|
||Johan du Plessis|
||Thomas du Plessis|
||Suzanna du Plessis|
||James Baillieu|
|**Bankers and investment**|Coutts & Co|
|**managers**|440 The Strand|
||London|
||WC2R 0QS|
|**Independent**|Godfrey Wilson Limited|
|**examiners**|Chartered accountants and statutory auditors|
||5th Floor Mariner House|
||62 Prince Street|
||Bristol|
||BS1 4QD|
1
## **The Du Plessis Family Foundation**
## **Report of the trustees**
## **For the year ended 31 December 2022**
The trustees present their report and financial statements for the year ended 31 December 2022. Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements and the trust deed.
## **Structure and governance**
The Du Plessis Family Foundation is a registered charity and established under a deed of settlement dated 11 December 2015 (the trust deed).
Under the trust deed, the trustees may appoint additional trustees at any time and the settlors may exercise the statutory power to appoint or remove trustees at their discretion.
The charity's trustees oversee the consideration and management of charitable donations made by the charity. There are no staff employed by the charity, and day-to-day investment activities are administered by its financial advisors.
## **Objectives and activities**
The trustees hold the capital and income of the charity on trust. Income generated from the charity's endowment funds are applied in furtherance of general charitable purposes, primarily through making grants to other charitable institutions or foundations, in any part of the world. Funding awards are made at the trustees' discretion, and the charity does not currently accept unsolicited applications.
In determining the activities that the charity should undertake, the trustees have had due regard to guidance issued by the Charity Commission on public benefit.
## **Achievements and performance**
During the year under review the charity made grant payments to 11 institutions totalling £122,488.
## **Financial review**
At the end of the reporting period the charity had free reserves amounting to £72,987 (2021: £118,879). In addition to the free reserves the charity has bank balances of £331,350 (2021: £346,755) and investment assets of £4,009,923 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.
## **Independent examiners**
Godfrey Wilson Limited were re-appointed as independent examiners to the charity during the year and have expressed their willingness to continue in that capacity.
Approved by the trustees on 17 February 2023 and signed on their behalf by
Jan du Plessis - Trustee
2
## **Independent examiner's report**
## **To the trustees of**
## **The Du Plessis Family Foundation**
I report to the trustees on my examination of the accounts of The Du Plessis Family Foundation (the charity) for the year ended 31 December 2022, which are set out on pages 4 to 6.
## **Respective responsibilities of trustees and examiner**
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 2011 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:
- (1) 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.
## Alison Godfrey
Date: 24 February 2023
## **Alison Godfrey FCA Member of the ICAEW**
For and on behalf of:
## **Godfrey Wilson Limited**
Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD
3
## **The Du Plessis Family Foundation**
## **Receipts and payments account**
## **For the year ended 31 December 2022**
|**Receipts**
Donations
Investment income
Bank interest
**Asset and investment sales**
Sale of investments
**Total receipts**
**Payments**
Grant payments
Investment management fees
Independent examination fees
**Asset and investment purchases**
Investment purchases
**Total payments**
**Net receipts / (payments)**
**Cash funds at 1 January 2022**
**Cash funds at 31 December 2022**|Unrestricted
£
£
50,221
-
-
77,718
-
1,278
50,221
78,996
3,311,358
-
3,361,579
78,996
-
122,488
19,381
-
-
2,400
19,381
124,888
3,357,603
-
3,376,984
124,888
(15,405)
(45,892)
346,755
118,879
331,350
72,987
Endowment|**2022**
**Total**
**£**
**50,221**
**77,718**
**1,278**
**129,217**
**3,311,358**
**3,440,575**
**122,488**
**19,381**
**2,400**
**144,269**
**3,357,603**
**3,501,872**
**(61,297)**
**465,634**
**404,337**|2021
Total
£
600,312
82,212
102|
|---|---|---|---|
||||682,626
1,978,127|
||||2,660,753|
||||94,267
25,617
780|
||||120,664
2,216,034|
||||2,336,698|
||||324,055
141,579|
||||465,634|
4
## **The Du Plessis Family Foundation**
## **Statement of assets and liabilities**
## **As at 31 December 2022**
|**Cash funds:**
Cash at bank and in hand
Cash held as part of investments
**Total cash funds**
**Other assets and liabilities**
**Investment assets:**
Investments
**Liabilities:**
Investment management fees
Accountancy fees
**Total liabilities**|**£**
108,029
223,321
**331,350**
**4,009,923**
(5,050)
-
**(5,050)**
**Endowment**|**£**
72,987
-
**72,987**
**-**
-
(2,520)
**(2,520)**
**Unrestricted**|**2022**
**Total**
**£**
**181,016**
**223,321**
**404,337**
**4,009,923**
**(5,050)**
**(2,520)**
**(7,570)**|£
136,804
209,951
346,755
4,406,526
(3,413)
-
(3,413)
Endowment|£
118,879
-
118,879
-
-
(2,400)
(2,400)
Unrestricted|2021
Total
£
255,683
209,951|
|---|---|---|---|---|---|---|
|||||||465,634|
|||||||4,406,526|
|||||||(3,413)
(2,400)|
|||||||(5,813)|
Approved by the trustees on 17 February 2023 and signed on their behalf by
Jan du Plessis - Trustee
5
## **The Du Plessis Family Foundation**
## **Notes to the financial statements**
## **For the year ended 31 December 2022**
**1. Nature and purposes of funds** 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.
## **2. Related party transactions**
- No trustee received any remuneration for their role as trustee nor were they reimbursed for any expenses incurred in the year under review. The trustees are not aware of any related party transactions during the period.
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