|||**Trustees' Annual Report**|**Trustees' Annual Report**|**Trustees' Annual Report**|**Trustees' Annual Report**|**Trustees' Annual Report**|**for theperiod**|**for theperiod**|**for theperiod**| |---|---|---|---|---|---|---|---|---|---| |||**From**|Period start date|||**To**|Period end date||| ||||01|04|2022||31|03|2023| ## 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** ||1
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20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---|---| |||Peter Garratt|Chair||| |||Susan Garratt|||| |||TimothyGarratt|||| |||PollyGarratt|||| |||AnthonyGarratt|||| |||Anna Garratt|||| ||||||| ||||||| ||||||| ||||||| ||||||| ||||||| ||||||| ||||||| ||||||| ||||||| ||||||| ||||||| ||||||| ||||||| |||**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**|**Name**
**Address**| |---|---|---| |**Investment**|Lee Westley|Stanbridge Family Ofce Limited: Avebury House, 6 St Peter
Street, Winchester, Hampshire, SO23 8BN.| |||
Street, Winchester, Hampshire, SO23 8BN.| |||| |||| |||| ## **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 Constitution adopted 16/04/2018 - (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)** You **may choose** to include additional information, where relevant, about: The trustees have closely followed the governance procedures set out in the Constitution. - 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** **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. March **2012** **TAR** 2 After research and appropriate due diligence, the Trustees resolved to award grants as follows from the trust fund for the year 2022/23: **Beneficiary Registered Charity No. Amount** Jamie’s Farm 1129544 £18000 Spartans SC037598 (Scottish) £2000 Maldon Pioneers 295993 £4000 The beneficiaries are all charities serving the needs of disadvantaged children and young adults through activities that meet the objectives of the Garratt Family Trust **.** **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)** The Trustees have made further progress in forging a long-term relationship with Jamie’s Farm, with visits to the Hereford farms during the year. There were no further donations from the Garratt family to the Trust portfolio in the year under reference. The total under management fell by approximately £21000 (after grant payments) over the year to 1[st] September 2023 reflecting a return of only 0.57% on funds under management, which is consistent with stagnation over a broad range of asset classes over the period . 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)** 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 - To support socially disadvantaged individuals and families You **may choose** to include further statements, where relevant, about: - policy on grantmaking; - policy programme related investment; - contribution made by volunteers. - 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 March **2012** **TAR** 3 Section D Achievements and performance **Summary of the main achievements of the charity during the year** Despite the difficult market conditions in 2022/23, the trustees decided to maintain total grant awards at the same level as over the preceding year. It was agreed that the annual donation to Jamie’s Farm should be further increased, recognising the excellent work that they are doing under difficult conditions and to help fund their expansion programme. The donation to Spartans was reduced, recognising that they have been successful in raising funding from other sources. The support to Maldon Pioneers was maintained at £4000 to enable them to continue funding the activities organiser whom they recruited last year. March **2012** **TAR** 4 ## **Section E Financial review** **Brief statement of the charity’s policy on reserves** The CIO aims to distribute income from the portfolio and draw upon capital only under exceptional circumstances. **Details of any funds materially in deficit** None ## **Further financial review details (Optional information)** You **may choose** to include additional information, where relevant about: The sole source of capital funding is via donations from the Garratt Family. - These are invested in a diversified portfolio that generates income for distribution. - 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** 27/12/23 March **2012** **TAR** 5 |**Garratt Family Trust**|**Garratt Family Trust**||**1178292**| |---|---|---|---| |**Receipts andpayments accounts**|||| |**For the period**
**from**|4/1/2022|**To**|3/31/2023| **payments accounts CC16a** 4/1/2022 3/31/2023 **To** ## **Section A Receipts and payments** |**A1 Receipts**
Transfers from investmentportfolio
**24,000**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**24,000**
**-**
**-**
**_Sub total_ -**
**_Total receipts_ 24,000**
**A3 Payments**
Jamie's Farm
**18,000**
Spartans
**2,000**
Maldon Pioneers
**4,000**
**-**
**-**
**-**
**-**
**_Sub total_ 24,000**
**-**
**-**
**_Sub total_ -**
**_Total payments_ 24,000**
**_Net of receipts/(payments)_ -**
**A5 Transfers between funds**
**-**
**A6 Cash funds last year end**
**5,000**
**_Cash funds this year end_ 5,000**
**Unrestricted**
**funds**
**to the nearest £**
**_Sub total_**_(Gross income for AR)_
**A2 Asset and investment sales,**
**(see table).**
**A4 Asset and investment**
**purchases, (see table)**|**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Restricted**
**funds**|**to the nearest £**
**Endowment**
**funds**|**Total funds**
**to the nearest £**
**24,000**
**-**
**-**
**-**
**-**
**-**
**-**
**24,000**
**-**
**-**
**-**
**24,000**
**18,000**
**2,000**
**4,000**
**-**
**-**
**-**
**-**
**24,000**
**-**
**-**
**-**
**24,000**
**-**
**-**
**5,000**|**Last year**
**to the nearest £**| |---|---|---|---|---| |||**-**||**24,000**| |||**-**||**-**| |||**-**||**-**| |||**-**||**-**| |||**-**||**-**| |||**-**||**-**| |||**-**||**-**| |||**-**||**-**| |||**-**||**24,000**| |||||| |||**-**||| |||**-**||**-**| |||**-**||**-**| |||||| |||**-**||**24,000**| |||||| |||**-**||**16,000**| |||**-**||**4,000**| |||**-**||**4,000**| |||**-**||| |||**-**||**-**| |||**-**||**-**| |||**-**||**-**| |||**-**||**-**| |||**-**||**24,000**| |||||| |||**-**||| |||**-**||| |||**-**||**-**| |||||| |||**-**||**24,000**| |||||| ||**-**|**-**||**-**| ||**-**|**-**||**-**| ||**-**|**-**||**5,000**| ||**-**|**-**||**5,000**| ## **Section B Statement of assets and liabilities at the end of the period** |**Categories**
**B1 Cash funds**
**B2 Other monetary assets**
**B3 Investment assets**
**B5 Liabilities**
**B4 Assets retained for the**
**charity’s own use**
Signed by one or two trustees on
behalf of all the trustees|**Details**
Cater Allen Bank Account
**Details**
**Details**
CIO Investment portfolio (approx)
**Details**
**Details**
Signature
**_Total cash funds_**
(agree balances with receipts and payments
account(s))|**to nearest £**
**to nearest £**
**5,000**
**-**
**-**
**-**
**-**
**-**
**5,000**
**-**
OK
OK
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
Print Name
Peter Garratt
**Unrestricted**
**funds**
**Restricted**
**funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Fund to which**
**asset belongs**
**Fund to which**
**asset belongs**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**|**to nearest £**
**Endowment**
**funds**| |---|---|---|---| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||OK| ||||**to nearest £**
**Endowment**
**funds**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**534,000**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**When due**
**(optional)**| ||||| ||||| ||||| ||||| ||||| ||||| ||||Date of
approval| |||Peter Garratt|12/27/2023| |||||