Trustees' Annual Report for the Year
| Year start date | Year start date | Year end date | Year end date | ||||
|---|---|---|---|---|---|---|---|
| 6 | April | 2020 | 5 | April | 2021 | ||
| From | To |
Section A Reference and administration details
Charity name[THE KILROOT FOUNDATION ]
Other names charity is known by Registered charity number (if any) 1173150 Charity's principal address Holywell Farm, Wigginton Banbury Oxfordshire Postcode OX15 4LG
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) |
|---|---|---|---|---|
| Matthew Dobbs | Trustee | |||
| Katharine Dobbs | Trustee | |||
| Denis Clough | Trustee | |||
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 |
||
| Accountant | Prager Metis LLP | 5A Bear Lane, London SE1 0UH |
| Bankers | Schroder & Co | 1 London Wall Place EC2Y 5AU |
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
Established by constitution dated 16/5/2017
- (eg. trust deed, constitution)
Charitable Incorporated Organisation (COI) How the charity is constituted
(eg. trust, association, company)
Appointed in accordance with constitution Trustee selection methods
- (eg. appointed by, elected by)
Additional governance issues (Optional information)
The Trust gives the trustees the power to apply the funds in such a manner as they think fit for the benefit of the charitable objects.
You may choose to include additional information, where relevant, about:
The trustees identify projects and organisations they wish to support and only make grants to other registered charities. The focus of the grant making is the development and support of the young and the conservation of both the natural and built environment. While the Trustees make grants to UK based charities, it may apply the grants to support work done by those charities overseas.
-
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;
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Grants are made based on applications that have been made to the Trust and also charities nominated by Trustees as a result of research undertaken on specific organisations.
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relationship with any related parties;
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The trustees will consider both one off grants often to support capital or
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• trustees’ consideration of project needs. They will also consider grants made with a commitment to major risks and the system repeat over a number of years, typically in three-year cycles. and procedures to manage them.
Section C Objectives and activities
Summary of the objects of the charity set out in its governing document
Assist groups working in many charitable fields including conservation of the natural and built environment and the development and support of young people
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The charity’s grant making strategy over the year has been in line with the aims and objectives of the Foundation. A total of £176,000 has been disbursed to fourteen different charities. The grants were a mixture of donations towards the general purposes of the Charity concerned, and grants in support of specific charitable projects.
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)
It is the trustees’ belief that in the conduct of the affairs of the Foundation, they have had due regard to the public benefit guidance of the Charity Commission, complying with both the “public “aspect (within the parameters set by the objectives of the Foundation) and with regard to the “benefit” aspect.
Additional details of objectives and activities (Optional information)
You may choose to include further statements, where relevant, about:
-
policy on grantmaking;
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policy programme related investment;
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contribution made by volunteers.
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Section D Achievements and performance
Summary of the main achievements of the charity during the year
The Trust has total unrestricted cash funds at 5 April 2021 of £501,974 and holds investments at cost of £4,164,748.
The charity made the following donations during the year:-
| he charity made the following donations | during the year:- |
|---|---|
| £ | |
| Kipangani Schools Trust | 4,000.00 |
| Garden Museum | 10,000.00 |
| Painshill Park Trust | 10,000.00 |
| Stowe School | 7,000.00 |
| Longborough Festival Opera | 4,000.00 |
| Oxfordshire Community Foundation | 10,000.00 |
| Loughborough Bell Foundry | 5,000.00 |
| The Charleston Trust | 10,000.00 |
| Eton College | 50,000.00 |
| Drive Forward Foundation | 20,000.00 |
| St Marys Braughing | 3,000.00 |
| Avondale extra | 3,000.00 |
| Oxfordshire Historic Churches trust | 20,000.00 |
| The Garden Museum | 20,000.00 |
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Section E Financial review The truStS have docaded not to make any reserS out of Iom8. Brigf Statofflent ot the charitys poky on reserves Details of any funds materially in deficit Further flnaThckl rovlvay dgtsils (Optional information The Tnsi's income ts 9enerated by ils investmerrt portfolio. The propety of th& F(xKml•n $ in custody with Schrod•r & Co who also act a bankers to thg Fo3. You rnay ch¢)ose to include addrtional Infornkn. whef• relevant abrA, tho charity's prncipal SoS of lurKts (mdudw y fundraIrya>.. tM)w exp¢ndiiuf• has suFs)orted ihe key ob•S wweslrnt policy of the F(Kmdalion 15 designed to produce adequate income to C4)ver the grart making actsvrttes as pw tr aims of the Ftsjndabon. but ffj a manner. whrti should ensure gr0h in such in¢om• and rAPrtal OVLY ts"mo. CSeqUenty, thg Trustees are comfortable wrth uty rtsk, and also maintainro a lIetIo aFwath to cfvwsoas exposure. parb'cularly in Awa. investment poficy and objecives Induding any ethKal inv¢stment poli Section F Other optional information Section G Declaration The trustees d¢¢lare that they h•vo approved tho trn$tees' rwrt at)ovo. Signed on bthalf ( the Crity's tntsi••s Signature(s Full namo($) Po5ilion {eg Secretary. Chair. olc) Matthew FredeTKk Dobbs Chairnan Date 24 Novemtx 2021 TAR
| THE KILROOT FOUNDATION | THE KILROOT FOUNDATION | THE KILROOT FOUNDATION | 1173150 |
|---|---|---|---|
| Receipts andpayments accounts | |||
| For the period from |
06/04/2020 Period start date |
To | 05/04/2021 Period end date |
CC16a
Section A Receipts and payments
| A1 Receipts | Unrestricted funds to the nearest £ 94,131 - - - - - - - 94,131 1,059,081 - 1,059,081 1,153,212 7,645 176,000 2,520 - - - - - 186,165 741,216 - 741,216 927,382 225,830 - 276,144 501,974 |
Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Endowment funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Total funds to the nearest £ 94,131 - - - - - - - 94,131 1,059,081 - 1,059,081 1,153,212 7,645 176,000 2,520 - - - - - 186,165 741,216 - 741,216 927,382 225,830 |
Total funds to the nearest £ 94,131 - - - - - - - 94,131 1,059,081 - 1,059,081 1,153,212 7,645 176,000 2,520 - - - - - 186,165 741,216 - 741,216 927,382 225,830 |
Last year to the nearest £ |
|---|---|---|---|---|---|---|
| Investment income | 94,131 | 99,528 | ||||
| Bank interest | - | 567 | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| Sub total(Gross income for AR) |
94,131 |
100,096 | ||||
| A2 Asset and investment sales, (see table). |
||||||
| Investment sales | 1,059,081 | 773,844 | ||||
| - | - | |||||
| Sub total | 1,059,081 | 773,844 | ||||
| Total receipts A3 Payments |
||||||
| 873,940 | ||||||
| Investment management fees | 7,645 | 7,032 | ||||
| Donations | 176,000 | 155,000 | ||||
| Professional fees | 2,520 | 1,988 | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| Sub total | 186,165 | 164,019 | ||||
| A4 Asset and investment purchases, (see table) |
||||||
| Investment Purchases | 741,216 | 757,772 | ||||
| - | ||||||
| Sub total | 741,216 | 757,772 | ||||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
0 | |||||
| 921,791 | ||||||
| 225,830 | - | - | 225,830 | - 47,851 |
||
| - | - | - | - | - | ||
| 276,144 | - | - | 276,144 | 323,995 | ||
| 501,974 | - | - | 501,974 | 276,144 |
Section B Statement of assets and liabilities at the end of the period
| Categories B1 Cash funds CCXX R1 accounts (SS) |
Bank accounts Details 1 |
Unrestricted funds to nearest £ 501,974 - - |
Restricted funds to nearest £ - - - |
Endowment funds to nearest £ |
|---|---|---|---|---|
| Bank accounts | 501,974 | - | - | |
| - | - | - | ||
| 1 | - | - | - |
5U1.974 Dgtail 184.741 Detsi19 iail$ B6 Liabikn¥ bew tr CCXX R2 •xtyJrt ISSI 22n11aJ21
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
| Report to the trustees/ members of On accounts for the year ended Set out on pages Responsibilties and basis of report |
Charity Name The Kilroot Foundation |
Charity Name The Kilroot Foundation |
Charity Name The Kilroot Foundation |
|---|---|---|---|
| 5 April 2021 | Charity no (if any) |
1173150 | |
| 1-7 | |||
| I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended05/04/2021. 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 Trust’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 (other than that disclosed below *) which gives me cause to believe that in, any material respect:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
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. .
Date: 25/11/2021 Signed: Name: PRAGER METIS LLP
Relevant professional ICAEW qualification(s) or body (if any):
1
Oct 2018
IER
Address: 5a Bear Lane
SE1 0UH
Southwark
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
2
Oct 2018
IER