ANDREW HARRIS CHARITABLE TRUST Report for Year Ending 30 June 2024
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 £1,189,509.
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 £48,409 was received during the year from the investments and grants of £28,000 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, Dodford Children’s Farm, the Garage Art Group of Evesham, the Herefordshire VCH Trust, and the Bridgnorth Haydn Festival, in addition to grants to previously supported charities.
The trustees are grateful to David Cooper ACMA for continuing to examine the accounts for a very modest fee.
Andrew Harris, Trustee October 2024
Andrew Harris Charitable Trust
Statement of Financial Activities for the period ended 30th June 2024
| 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 |
2024 £ 0.00 12,550.00 35,859.33 |
|---|---|
| 48,409.33 28,000.00 250.00 0.00 489.50 |
|
| 28,739.50 19,669.83 67,923.64 |
|
| 87,593.47 | |
Independent examiner’s report to the trustees of Andrew Harris Charitable Trust
I report to the trustees on my examination of the accounts of the Andrew Harris Charitable Trust (the Trust) for ended 30 June 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with 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 an out my examination I have followed all the applicable Directions given by the Charity Commission under section the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection w examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts se Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true a 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 attentio drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed:
Name: David Lawrence Cooper
ACMA
Address: 1 Fairlight Drive, Birmingham, B45 8TB
Date: 1 October 2024