## **Trustees' Annual Report for the period** Period start date Period end date 01 04 2023 31 03 2024 **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** |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**|Westleys Financial
Planning|Eight Moorgate, 1 Dysart Street, London, EC2A 2BX| |||| |||| |||| |**Name of chief executive**|**or names of senior staff members (Optional information)**|| |Lee Westley FPFS||| Lee Westley FPFS ## **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 set out in You **may choose** to include 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 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 **Summary of the objects of the** such purposes. **charity set out in its governing document** After research and appropriate due diligence, the Trustees resolved to increase their grant support for the year 2023/24 to charities serving the needs of disadvantaged children and young adults **.** Smaller donations were made to an environmental conservation charity and an animal welfare charity. All these donations fall within our charitable objectives. There were no further donations from the Garratt family to the Trust portfolio in the year under reference. 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 **Summary of the main activities** over the period covered by this report. **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)** ## **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 - To support socially disadvantaged individuals and families - To support the provision of midwifery and early child educational and - You **may choose** to include developmental initiatives - further statements, where  To support initiatives aimed at enabling the physically and /or mentally relevant, about: disadvantaged to achieve their full potential - policy on grantmaking;  To make donations to registered UK charities - policy programme related Our policy is not to accept unsolicited grant applications but to select - investment; beneficiaries based on the research and experience of the trustees. We - contribution made by aim to build long-term beneficial relationships, subject to positive reported volunteers. 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** Following the difficult market conditions in 2022/23, the trustees decided **achievements of the charity** to adopt a conservative approach and maintain total grant awards at the **during the year** same level as over the preceding year. The strong performance of the Trust portfolio after the grants were distributed in February 2024 has placed the charity in a favourable financial position at the year end. It was agreed that the annual donations in support of disadvantaged young people and adults should again be increased, reflecting the Trustees’ continued confidence in the excellent work that these charities are doing under difficult conditions. The smaller donations were made in response to particular needs identified by the Trustees. ## **Section E Financial review** March **2012** **TAR** 5 **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** 29/12/2024 March **2012** **TAR** 6 TAR March 2012 **Garratt Family Trust 1178292 Receipts and payments accounts CC16a For the period** 4/1/2023 3/31/2024 **To from** ## **Section A Receipts and payments** |**Section A Receipts and payments**||||| |---|---|---|---|---| |**A1 Receipts**
Transfers from investmentportfolio
**24,000**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**24,000**
**-**
**-**
**_Sub total_ -**
**_Total receipts_ 24,000**
**A3 Payments**
Disadvantaged YoungPeople
**20,000**
CommunitySupport
**2,000**
Wildlife Repopulation
**1,000**
Animal Welfare
**1,000**
**-**
**-**
**-**
**_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**
**20,000**
**2,000**
**1,000**
**1,000**
**-**
**-**
**-**
**24,000**
**-**
**-**
**-**
**24,000**
**-**
**-**
**5,000**|**Last year**
**to the nearest £**| |||**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**24,000**|**24,000**| |||||**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**24,000**|**24,000**| |||||| |||**-**
**-**
**-**|**-**|| ||||**-**|**-**| ||||**-**|**-**| |||||| |||**-**|**24,000**|**24,000**| |||||| |||**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**20,000**|**18,000**| ||||**2,000**|**6,000**| ||||**1,000**|**-**| ||||**1,000**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**24,000**|**24,000**| |||||| |||**-**
**-**
**-**|**-**|| ||||**-**|| ||||**-**|**-**| |||||| |||**-**|**24,000**|**24,000**| |||||| ||**-**|**-**
**-**
**-**
**-**|**-**|**-**| ||**-**||**-**|**-**| ||**-**|||**5,000**| ||**-**||**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)**| ||||**550,000**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**When due**
**(optional)**| ||||| ||||| ||||| ||||| ||||| ||||| ||||Date of
approval| |||Peter Garratt|12/29/2024| |||||