Trustees' Annual Report for the Year
Year start date Year end date 6 April 2022 5 April 2023
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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
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Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 Matthew Dobbs Trustee
2 Katharine Dobbs Trustee
3 Denis Clough Trustee
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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)
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Type of adviser Name Address
Accountant Prager Metis LLP 5A Bear Lane, London SE1 0UH
Bankers Schroder & Co 1 London Wall Place EC2Y 5AU
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Name of chief executive or names of senior staff members (Optional information)
Section B Structure, governance and management
Description of the charity’s trusts
Established by constitution dated 24/5/2017 Type of governing document (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)
| Youmay chooseto 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. |
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. 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. 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. The trustees will consider both one off grants often to support capital or project needs. They will also consider grants made with a commitment to repeat over a number of years, typically in three-year cycles. |
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Section C Objectives and activities
Assist groups working in many charitable fields including conservation of the natural and built environment and the development and support of young people Summary of the objects of the charity set out in its governing document
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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 £232,950 has been disbursed to twenty four 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:
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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 2023 of £147,950 and holds investments at cost of £4,199,787.
The charity made the following donations during the year:-
| Belvoir Cricket & Countryside Trust Arundel Castle Cricket Foundation GWCT Predator Control Appeal Ashmolean Museum Durham Association of Boys and Girls Club National Gallery Trust Catch 22 Loughborough Opera Festival Rugby Portobello Trust The Garden Museum Charleston Trust Horatios Garden Oxfordshire Historic Churches Trust Avondale Extra Maggies St Mary’s Braughing Restoration Trust Tudor Hall School Dev Fund Laurence Home Nursing Team Ltd Garsington Opera The Oratory (Newman Appeal) Mulberry Bush Org Wild Fish Conservation Waterberg Welfare Soc. Trust Africa Foundation (UK) |
£ 3,300.00 3,000.00 4,500.00 10,000.00 6,300.00 5,000.00 4,000.00 6,000.00 10,500.00 50,000.00 12,000.00 5,000.00 20,000.00 3,000.00 350.00 6,000.00 5,000.00 10,000.00 5,000.00 8,000.00 10,000.00 6,000.00 30,000.00 10,000.00 232,950.00 |
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Section E Financial review
The trustees have decided not to make any reserves out of income.
Brief statement of the charity’s policy on reserves
Details of any funds materially in deficit
Further financial review details (Optional information)
You may choose to include additional information, where relevant about:
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the charity’s principal sources of funds (including any fundraising);
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how expenditure has supported the key objectives of the charity;
The Trust’s income is generated by its investment portfolio. The property of the Foundation is held in custody with Cazenove Capital who also act as bankers to the Foundation.
The investment policy of the Foundation is designed to produce adequate income to cover the grant making activities as per the aims of the Foundation, but in a manner, which should ensure growth in such income and capital over time. Consequently, the Trustees are comfortable with equity risk, and also maintaining a flexible approach to overseas exposure, particularly in Asia.
- 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) Matthew Frederick Dobbs
Position (eg Secretary, Chairman Chair, etc)
Date 13 December 2023
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THE KILROOT FOUNDATION 1173150
Receipts and payments accounts CC16a
For the period Period start date Period end date
To
from 06/04/2022 05/04/2023
Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds Last year
funds funds funds
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Investment income 164,079 - - 164,079 119,509
Bank interest 7,656 - - 7,656 10
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total (Gross income for
171,735 - - 171,735 119,519
AR)
A2 Asset and investment sales,
(see table).
Investment sales 568,651 - - 568,651 599,907
- - - - -
Sub total 568,651 - - 568,651 599,907
Total receipts 740,386 - - 740,386 719,426
A3 Payments
Investment management fees 10,619 - - 10,619 11,761
Donations 232,950 - - 232,950 288,000
Professional fees - - - - 3,360
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total [ 243,569 ] - - 243,569 303,121
A4 Asset and investment
purchases, (see table)
Investment Purchases 703,514 - - 703,514 563,632
- - - -
Sub total [ 703,514 ] - - 703,514 563,632
0
Total payments 947,083 - - 947,083 866,753
Net of receipts/(payments) (206,697) - - - 206,697 - 147,327
A5 Transfers between funds - - - - -
A6 Cash funds last year end 354,648 - - 354,648 501,974
Cash funds this year end 147,951 - - 147,950 354,648
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CCXX R1 accounts (SS)
13/12/2023
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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 B5 Liabilities B4 Assets retained for the charity’s own use B3 Investment assets B2 Other monetary assets B1 Cash funds |
Signature Details Details Details Investments at stockbrokers Details Bank accounts Total cash funds (agree balances with receipts and payments account(s)) Details |
Unrestricted funds to nearest £ 147,950 - - 147,950 Agreement Error Unrestricted funds to nearest £ - - - - - - Fund to which asset belongs Fund to which asset belongs Fund to which liability relates |
Restricted funds to nearest £ - - - - OK Restricted funds to nearest £ - - - - - - Cost (optional) 4,199,787 - - - - Cost (optional) - - - - - - - - - Amount due (optional) |
Endowment funds to nearest £ - - - |
|---|---|---|---|---|
| - | ||||
| OK | ||||
| Endowment funds to nearest £ - - - - - - Current value (optional) 4,148,344 - - - - Current value (optional) - - - - - - - - - When due (optional) |
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| - - - - - |
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| Print Name Matthew Frederick Dobbs |
Date of approval 13/12/2023 |
CCXX R2 accounts (SS)
13/12/2023
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Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ Charity Name The Kilroot Foundation members of On accounts for the year 5 April 2023 Charity no 1173150 ended (if any) Set out on pages 1-7 (remember to include the page numbers of additional sheets)
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 05/04/2022 .
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.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention ( ~~other than that disclosed below~~ *) in connection with the examination which gives me cause to believe that in, any material respect:
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accounting records were not kept in accordance with section 130 of the Act or
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the accounts do not accord with the accounting records
I have no concerns 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.
- Please delete the words in the brackets if they do not apply.
Signed:
Date: 8 December 2023
Name: PRAGER METIS LLP Relevant professional ICAEW qualification(s) or body (if any):
Address:
5a Bear Lane Southwark SE1 0UH
October 2018
1
IER
Section B Disclosure
Only complete if the examiner needs to highlight 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 .
October 2018
2
IER