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← The 4 Better Foundation

2024-07-18-accounts

a 19.07.2023
18.07.2024
1168858
The 4 Better Foundation
Receipts andpayments accounts
Period start date
Period end date
To
For the period
from
~~ee~~		 19.07.2023
18.07.2024
1168858
The 4 Better Foundation
Receipts andpayments accounts
Period start date
Period end date
To
For the period
from
~~ee~~		 19.07.2023
18.07.2024
1168858
The 4 Better Foundation
Receipts andpayments accounts
Period start date
Period end date
To
For the period
from
~~ee~~		 19.07.2023
18.07.2024
1168858
The 4 Better Foundation
Receipts andpayments accounts
Period start date
Period end date
To
For the period
from
~~ee~~		 19.07.2023
18.07.2024
1168858
The 4 Better Foundation
Receipts andpayments accounts
Period start date
Period end date
To
For the period
from
~~ee~~		 19.07.2023
18.07.2024
1168858
The 4 Better Foundation
Receipts andpayments accounts
Period start date
Period end date
To
For the period
from
~~ee~~		 19.07.2023
18.07.2024
1168858
The 4 Better Foundation
Receipts andpayments accounts
Period start date
Period end date
To
For the period
from
~~ee~~		 19.07.2023
18.07.2024
1168858
The 4 Better Foundation
Receipts andpayments accounts
Period start date
Period end date
To
For the period
from
~~ee~~		 CC16a
Section A Receipts and payments
Unrestricted
funds		 Restricted
funds		 Endowment
funds		 Total funds Total funds Last year
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Income from investments 29,559 - - 29 29,559 19,580
Income from interest 1,586 - - 1 1,586 838
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Sub total(Gross income for (Gross income for
AR) AR)31,145 - - 31,145 31,145 20,418
A2 Asset and investment sales,
(see table).
Sale of investments
-
-
898,094
898,094
458,495
-
-
-
-
-
Sub total -
-
898,094
898,094
458,495
Total receipts
31,145
-
898,094
929,239
478,913
~~=e~~
A3 Payments
Charitable Payments 25,000 - - 25 25,000 25,000
Investment Management fees(incl VAT) - - 5,321 5 5,321 4,226
Trust Administration fees(incl VAT) 7,896 - - 7 7,896 9,510
Cash management fee 52 - - 52 52 26
Independent examination - - - - - 630
- - - - - -
- - - - - -
- - - - - -
- - - - - -
**Sub total ** 32,948 - 5,321 38,269 38,269 39,392
A4 Asset and investment
purchases, (see table)
Investmentpurchases
-
-
888,395
888,395
381,930
-
-
-
-
Sub total -
-
888,395
888,395
381,930
Total payments
32,948
-
893,716
926,664
421,322
~~=SeSS5~~
Net of receipts/(payments)
- 1,803
-
4,378
A5 Transfers between funds
- 975
- 975
A6 Cash funds last year end
29,783
- 12,753
Cash funds this year end
27,005
-
18,106
~~===~~		 4,378
18,106
 2,575
57,591
-
-
42,536
- 15,055
45,111
42,536
~~==~~

CCXX R1 accounts (SS)

09/05/2025

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
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 cash
Income cash
Details
Details
Total cash funds
(agree balances with receipts and payments
account(s))
Details
Investment portfolio
Chris Thurlow (May 9, 2025 18:01 GMT+1)		 Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
-
-
27,005
-
-
-
27,005
-
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
Chris Thurlow on behalf of Ludlow Trust
CompanyLimited		 Endowment
funds
to nearest £
18,106
-
-
18,106
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
953,669
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
Date of
approval
Chris Thurlow (May 9, 2025 18:01 GMT+1) Chris Thurlow on behalf of Ludlow Trust
CompanyLimited

CCXX R2 accounts (SS)

09/05/2025

2

Trustees’ Annual Report for the period

From 19 July 2023 To 18 July 2024

Charity name: The 4Better Foundation Charity registration number: 1168858

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 The objects of the charity are to hold the
capital and income for charitable purposes
and to apply the income, and all or such
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 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 in
accordance with the letter of wishes.
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 a grant payment of £25,000 to The
Prince’s Trust.

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 £27,005 (2023:
£29,783).
In addition to the free reserves the charity
has bank balances of £18,106 (2023:
£12,753)
and
investments
valued
at
£953,669 within the expendable endowment
fund.
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
adopted		 Para 1.46
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 date 19 July 2016
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 Trust deed
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 settlor during
his lifetime and by the trustees from time to
time.

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 nor
reimbursed any expenses in the year under
review.
During the year Ludlow Trust Company
were paid fees for trust administration
services of £7,896. These fees are
authorised under clause 6.2 of the trust
deed.
Other

Reference and Administrative details

Charity name The 4 Better Foundation
Other name the charity uses
Registered charity number 1168858
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		 Trustee name Office (if any) Dates acted if not for whole
**year **		 Name of person (or body) entitled
to appoint trustee (ifany)
PhillipChin Settlor
Joanna Louise Chin Settlor
Ludlow Trust
CompanyLimited

8 9 10 11 12 13 14 15 16 17 18 19 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

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) ~~Chris Thurlow (May 9, 2025 18:01 GMT+1)~~ Full name(s) Chris Thurlow 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 4 Better Foundation On accounts for the year ended Charity no (if any) 1168858 18th July 2024 Set out on pages 1 to2 I report to the trustees on my examination of the accounts of the above th charity {"the Trust") for the year ended 18 July 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 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)(b) of the Act. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect.. accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records Independent examiner'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 proper understanding of the accounts to be reached. Signed: Date: c2-of-2054 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 complete if the examiner needs to highlight matters of concem (see CC32, Independent examination of charity accounts". directions and guidance for examiners). IER October 2018

Give here brief details of any items that the examiner wishes to disclose. IER October 2018

2025-05-094Better-Accounts

Final Audit Report

2025-05-09

Created: 2025-05-09 By: Estera Rzepus (Estera.Rzepus@ludlowtrust.com) Status: Signed Transaction ID: CBJCHBCAABAAvumj9LfJwsSB4rw0bwkIe7Hcr0wcV9E9

"2025-05-094Better-Accounts" History

2025-05-09 - 3:29:17 PM GMT

Document emailed to Chris Thurlow (chris.thurlow@ludlowtrust.com) for signature 2025-05-09 - 3:29:21 PM GMT

Agreement completed.

2025-05-09 - 5:01:04 PM GMT