2023-02-16-accounts

The Aitken Family Charitable Trust	The Aitken Family Charitable Trust		1168153
Receipts andpayments accounts					CC16a
For the period from	17.02.2022 Period start date	To	16.02.2023 Period end date

Section A Receipts and payments	Section A Receipts and payments
A1 Receipts	Unrestricted funds to the nearest £ 53,301 171 - - - - - 53,472 - - - 53,472 15,000 - - - - - - - - 15,000 - - - 15,000 38,472 23,295 61,766	Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - -	Endowment funds to the nearest £ - 945 - 50,000 - - - 50,945 1,820,853 - 1,820,853 1,871,797 252,000 12,761 18,494 780 - - - - - 284,036 1,753,026 - 1,753,026 2,037,062 - 165,264 325,468 160,204	Total funds to the nearest £ 53,301 1,115 - 50,000 - - - 104,416 1,820,853 - 1,820,853 1,925,269 267,000 12,761 18,494 780 - - - - - 299,036 1,753,026 - 1,753,026 2,052,062 - 126,793 - 348,763 221,970	Last year to the nearest £
Investment income	53,301				38,284
Interest	171				32
Donations	-				200,000
Gift Aid	-				-
	-				-
	-				-
	-				-
Sub total(Gross income for AR)	53,472				238,316
A2 Asset and investment sales, (see table).
Sale of investments	-				2,070,105
	-				-
Sub total	-				2,070,105
Total receipts A3 Payments
					2,308,421
Grants awarded	15,000				170,000
Investment management fees (VAT inclusive)	-				21,538
Trust administration fees (VAT inclusive)	-				9,521
Independent Examiners fees	-				1,620
	-				-
	-				-
	-				-
	-				-
	-				-
**Sub total **	15,000				202,679
A4 Asset and investment purchases, (see table)
Investmentpurchases	-				2,025,034
	-
**Sub total **	-				2,025,034
Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end
					2,227,713
	38,472		- 165,264	- 126,793	80,708
				-	-
	23,295		325,468	348,763	268,055
	61,766	-	160,204	221,970	348,763

CCXX R1 accounts (SS)

09/11/2023

1

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 B4 Assets retained for the charity’s own use B5 Liabilities B3 Investment assets	Signature Details Details Capital account Income account Details Details Total cash funds (agree balances with receipts and payments account(s)) Details Investment portfolio	Unrestricted funds Restricted funds to nearest £ to nearest £ - - 61,766 - - - 61,766 - 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) - - - - Print Name Monica Brownon behalf of Ludlow Trust CompanyLimited	Endowment funds to nearest £
			160,204
			-
			-
			160,204
			OK
			Endowment funds to nearest £
			-
			-
			-
			-
			-
			-
			Current value (optional)
			2,579,879
			-
			-
			-
			-
			Current value (optional)
			-
			-
			-
			-
			-
			-
			-
			-
			-
			When due (optional)
			Date of approval
		Monica Brownon behalf of Ludlow Trust CompanyLimited

CCXX R2 accounts (SS)

09/11/2023

2

Trustees’ Annual Report for the period

From 17 February 2022 To 16 February 2023

Charity name: The Aitken Family Charitable Trust Charity registration number: 1168153

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	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.
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
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) You may choose to include further statements where relevant about:

	SORP reference
Policy on grant making	Para 1.38
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 five charities totalling £267,000.

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	At the end of the reporting period the charity had free reserves of £61,766 (2022: £23,295). In addition to the free reserves the charity has bank balances of £160,204 (2022: £325,468) and investments valued at £2,579,879 within the expendable endowment fund which can be released to support the activities of the charity.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	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 Para 1.46 adopted A description of the principal risks facing the charity Para 1.46 Expendable endowment funds are those which are required to be invested to produce Other 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 16 February 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 topost or name of	Para 1.25	Trustees are appointed by the settlors during their lifetime and subject to this by the trustees from time to time.

any person or body entitled to appoint one or more trustees

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 or was reimbursed any expenses in the year under review. Ludlow Trust Company Limited was paid £18,494 for trust administration services during the year under review. These fees are authorised under clause 6 of the trust deed.
Other

Reference and Administrative details

Charity name	The Aitken Family Charitable Trust
Other name the charity uses
Registered charity number	1168153
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	Trustee name	Office (if any)	Dates acted if not for whole **year **	Name of person (or body) entitled to appoint trustee (ifany)
	Peter J Aitken	Settlor
	Jane K Aitken	Settlor
	Katherine G Aitken
	Anna J Aitken
	Alexandra R Aitken
	LucyA Aitken
	Ludlow Trust CompanyLimited

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

Funds held as custodian trustees on behalf of others

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) Monica Brown On behalf of Ludlow Trust Company Limited Position (eg Secretary, Chair, etc) Date

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examinerfs Report Report to the trusteesl members of The Aitken Family Charitable Trust On accounts for the year ended 161h February 2023 Charity no lif any) 1168153 Set out on pages 1to2 I report to the trustees on my e¥2mination of the accounts of the above charity {'the Trust") for the year ended 16" February 2023. Responsibilities and As the charity trustees of the Trust. you are responsible for the preparation basis of report of the accnunts in accordance with the requirements of the Charities Act 2011 ("Ihe 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 145{5)Ibl of the Act. I have completed my examination. I confirm that no material matters have come lo my attention in connection with ffte examination thich gives me cause to believe that in. any material respect.. accounting records V￿re not kept in accordan￿ with section 130 of the Act or the accounts do not accord with the accounting records Independent examlner's statement I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed: Date: o*-11-e£)z3 Name: Mr Keith Felton Relevant professional qualification(s} or body (if any): ACCA Address: KJF Accounting Ltd, 17 Sheringham Avenue. Southgate. London N14 4UB Section B Disclosure Only cnmplete if the examiner needs to highlight matters of concem (see CC32, Independent examination of charity accounts.. directions and guidan￿ for examiners). IER October 2018

2023-11-14AitkenFamily-Accounts

Final Audit Report

2023-11-15

Created: 2023-11-14 By: Marta Kurpickaja ([e-mail]) Status: Signed Transaction ID: CBJCHBCAABAA6zvIARDWeCDCEpSu1aIKUIg3vufy4Kez

"2023-11-14AitkenFamily-Accounts" History

Document created by Marta Kurpickaja ([e-mail])

2023-11-14 - 4:00:14 PM GMT- IP address: 62.232.188.26

Document emailed to Monica Brown ([e-mail]) for signature 2023-11-14 - 4:00:38 PM GMT

Email viewed by Monica Brown ([e-mail]) 2023-11-15 - 11:19:39 AM GMT- IP address: 104.47.85.126

Document e-signed by Monica Brown ([e-mail])

Signature Date: 2023-11-15 - 11:20:09 AM GMT - Time Source: server- IP address: 86.145.130.120

Agreement completed.

2023-11-15 - 11:20:09 AM GMT