**Trustees' Annual Report for the period** Period start date Period end date 01 04 2020 31 03 2021
**From**
**To**
## Section A Reference and administration details
**Charity name** Garratt Family Trust **Other names charity is known by** None **Registered charity number (if any)** 1178292 **Charity's principal address** Whitehouse Farm St. Weonards Hereford **Postcode HR2 8QG**
## **Names of the charity trustees who manage the charity**
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Name of person (or body)
Dates acted if not for
Trustee name Office (if any) entitled to appoint trustee
whole year
(if any)
1 Peter Garratt Chair
2 Susan Garratt
3 Timothy Garratt
4 Polly Garratt
5 Anthony Garratt
6 Anna Garratt
7
8
9
10
11
12
13
14
15
16
17
18
19
20
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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**
March **2012**
**TAR**
1
## **Names and addresses of advisers (Optional information)**
**Type of adviser Name Address Investment** Lee Westley Beattie Lockton, Birchin Court, 20 Birchin Lane, London EC3V 9DU
**Name of chief executive or names of senior staff members (Optional information)**
## **Section B Structure, governance and management**
## **Description of the charity’s trusts**
Constitution adopted 16/04/2018 Type of governing document
- (eg. trust deed, constitution)
Charitable Incorporated Organisation (CIO) How the charity is constituted (eg. trust, association, company)
Suitably qualified family members, appointed by consensus. Trustee selection methods
- (eg. appointed by, elected by)
## **Additional governance issues (Optional information)**
The trustees have closely followed the governance procedures You **may choose** to include set out in the Constitution. 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.
## **Section C Objectives and activities**
March **2012**
**TAR**
2
## **Summary of the objects of the charity set out in its governing document**
The objects of the CIO are to apply such funds as it may hold from time to time for such charitable purposes as are lawful for the benefit of individuals or associations, institutions or organisations established for such purposes.
After research and appropriate due diligence, the Trustees resolved to award grants as follows from trust fund income for the year 2020/21: **Beneficiary Registered Charity No. Amount** Jamie’s Farm 1129544 £10000 Spartans SC037598 (Scottish) £3000 Child Welfare SA N/A (South African) £3000 On 14[th] October 2020 an initial donation of £5000 was made to Jamie’s Farm. **Summary of the main** On 5[th] February 2021a further donation of £5000 went to Jamie’s **activities undertaken for** Farm along with the donations to Spartans and Child Welfare SA. **the public benefit in** Given that the latter is a South African Charity, the Trustees **relation to these objects** undertook careful due diligence before making this donation. **(include within this** The beneficiaries are all charities serving the needs of **section the statutory** disadvantaged children and young adults through activities that **declaration that trustees** meet the objectives of the Garratt Family Trust **. have had regard to the** The Trustees have made further progress in forging a long-term **guidance issued by the** relationship with Jamie’s Farm, with which they are in regular **Charity Commission on** contact. **public benefit)**
There were no further donations from the Garratt family to the Trust portfolio in the year under reference, but the total under management increased by approximately £47000 (after grant payments) over the year to 1[st] September 2021 reflecting a return of approximately 12.4% on funds under management. The Trustees declare that they have had regard to the guidance issued by the Charity Commission on public benefit in their management of the Trust over the period covered by this report.
## **Additional details of objectives and activities (Optional information)**
March **2012**
**TAR**
3
The charitable objectives of the CIO are as follows:
To support the educational and career aspirations of creative young people
To support environmental and conservation initiatives, especially those relating to the marine environment
You **may choose** to include further statements, where relevant, about:
- policy on grantmaking;
- policy programme related investment;
- contribution made by volunteers.
To support socially disadvantaged individuals and families To support the provision of midwifery and early child educational and developmental initiatives To support initiatives aimed at enabling the physically and /or mentally disadvantaged to achieve their full potential To make donations to registered UK charities
Our policy is not to accept unsolicited grant applications but to select beneficiaries based on the research and experience of the trustees. We aim to build long-term beneficial relationships, subject to positive reported outcomes. We will aim to distribute each year the accrued income from the trust’s investment portfolio
## Section D Achievements and performance
March **2012**
**TAR**
4
## Section D Achievements and performance
**Summary of the main achievements of the charity during the year**
The main achievements of the charity during 2020/21 were, firstly, to double the total grant donations made in the preceding year, secondly, to provide substantial support to Jamie’s Farm to help it ride-out the reduction in income caused by the Covid19 pandemic and, thirdly, to make a donation to a South African Charity which provides benefit in line with the charitable objectives of the Trust.
## **Section E Financial review**
March **2012**
**TAR**
5
The CIO aims to distribute income from the portfolio and draw **Brief statement of the** upon capital only under exceptional circumstances. **charity’s policy on reserves**
**Details of any funds materially in deficit**
None
## **Further financial review details (Optional information)**
The sole source of funding is via donations from the Garratt You **may choose** to include Family. additional information, where relevant about:
- the charity’s principal sources of funds (including any fundraising);
- how expenditure has supported the key objectives of the charity;
- 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)** Peter Garratt OBE **Position (eg Secretary,** Chair **Chair, etc)**
**Date** 03/12/21
March **2012**
**TAR**
6
## **Garratt Family Trust 1178292**
## **Receipts and payments accounts**
> **For the period** 4/1/2020 **To from**
3/31/2021
## **Section A Receipts and payments**
**Unrestricted funds**
**to the nearest**
**£**
## **Restricted Endowment Total funds funds funds**
**to the nearest £**
**to the nearest £ to the nearest £**
## **A1 Receipts**
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Transfers from investment portfolio 16,000 - - 16,000
- - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
16,000 - - 16,000
Sub total (Gross income for AR)
A2 Asset and investment sales,
(see table).
- - - -
- - - -
Sub total - - - -
Total receipts 16,000 - - 16,000
A3 Payments
Jamie's Farm 10,000 - - 10,000
Spartans 3,000 - - 3,000
Child Welfare (SA) 3,000 - - 3,000
Kids Inspire (2019/20) 1,000 - - 1,000
Spartans (2019/20) 1,000 - - 1,000
- - - -
- - - -
- - - -
- - - -
Sub total [ 18,000 ] - - 18,000
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - -
Total payments 18,000 - - 16,000
Net of receipts/(payments) - - - -
A5 Transfers between funds - - - -
A6 Cash funds last year end - - -
Cash funds this year end - - - 5,000
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## **Section B Statement of assets and liabilities at the end of the period**
||||**Unrestricted**||**Restricted**|
|---|---|---|---|---|---|
|**Categories**|**Details**||**funds**||**funds**|
|**B1 Cash funds**|Cater Allen Bank Account
**_Total cash funds_**||**to nearest £**
**5,000**
**-**
**-**
**5,000**|
|**to nearest £**
**-**
**-**
**-**
**-**|
||(agree balances with receipts and payments
account(s))||Agreement Error|OK||
||||**Unrestricted**||**Restricted**|
||||**funds**||**funds**|
|**B2 Other monetary assets**|**Details**||**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**|
|**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**|
|**B3 Investment assets**|**Details**
CIO Investment portfolio (approx)||**Fund to which**
**asset belongs**|**Cost (optional)**
**-**
**-**
**-**
**-**
**-**||
|**B4 Assets retained for the**|**Details**||**Fund to which**
**asset belongs**|**Cost (optional)**
**-**||
|**charity’s own use**||||
|**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|
||||**Fund to which**||**Amount due**|
|**B5 Liabilities**|**Details**||**liability relates**|
|**-**
**-**
**-**
**-**
**-**
**(optional)**|
|Signed by one or two trustees on
behalf of all the trustees||Signature|Print|Name||
||||Peter|Garratt||
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CC16a
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Last year
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**to the nearest £ 8,000 - - - - - - - 8,000**
**8,000 6,000 - -**
**6,000**
**6,000 2,000 -**
## **Endowment funds**
**to nearest £ - - - -**
OK
**Endowment funds to nearest £ - - - - - -**
**Current value (optional) 600,000 - - - -**
**Current value (optional) - - - - - - - - - When due (optional)**
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Date of
approval
12/4/2021
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