ANDREW HARRIS CHARITABLE TRUST Report for Year Ending 30 June 2023
The Andrew Harris Charitable Trust was established in October 2017 by Andrew Harris using funds received from the sale of the family business. The initial endowment was £500,250, which has since been increased, and at the end of this accounting period the funds were worth £1,101,915.
Acting on advice, these funds are invested with the COIF funds managed by CCLA, which specialises in investing for charities, and are split between their general investment fund and their property fund. The trustees have decided at present not to distribute any of the capital, but use the income, which is received quarterly, for making grants.
A total income of £33,886 was received during the year from the investments and grants of £23,531 were made. The trustees are looking to mainly help charitable organisations that are local to the Worcestershire and West Midlands area, and grants were made to the Hanbury Parochial Charities, Thomas White Cottage Homes, and the Bridgnorth Haydn Festival, in addition to grants to previously supported charities.
During the year it was decided to appoint my two eldest grandsons, Adam Harris and Thomas Harris, as trustees.
The trustees are grateful to David Cooper ACMA for continuing to examine the accounts for a very modest fee.
Andrew Harris, Trustee August 2023
Andrew Harris Charitable Trust
Statement of Financial Activities for the period ended 30th June 2023
| Income Initial Endowment Donations Received Income from COIF Investment Funds TOTAL Expenditure Grants Examiners' Fee Legal fees Bank charges TOTAL Net Income over expenditure before other recognised gains and losses Realised and unrealised gains on investment assets Net movement in Funds Andrew Harris, Trustee |
2023 £ 0.00 12,550.00 33,885.78 46,435.78 29,531.00 250.00 0.00 343.20 30,124.20 16,311.58 30,912.39 47,223.97 |
2022 £ 0.00 62,500.00 31,350.56 93,850.56 23,200.00 250.00 0.00 0.00 23,450.00 70,400.56 -14,635.59 55,764.97 |
|---|---|---|
Date
Andrew Harris Charitable Trust Balance Sheet As at 30th June 2023
----- Start of picture text -----
2023 2022
£ £
Revenue Account
Balance at beginning of period 1,054,691.72 998,926.75
Net movement in funds 47,223.97 55,764.97
Balance at end of year 1,101,915.69 1,054,691.72
Represented by
Lloyds Bank Current A/c 16,674.89 15,363.31
COIF funds at bid valuation 1,085,490.80 1,039,578.41
- -
COIF deposit account
Debtors - -
Creditor -250.00 -250.00
1,101,915.69 1,054,691.72
----- End of picture text -----