2024-02-20-accounts

The Aqueduct Charitable Trust 1179272 Receipts and payments accounts CC16a For the period Period start date Period end date To from 21.02.2023 20.02.2024

Section A Receipts and payments	Section A Receipts and payments
A1 Receipts	Unrestricted funds to the nearest £ 32,924 433 - - - - - - 33,358 - - - 33,358 25,000 - - - - - 30 - - 25,030 - - - 25,030 8,328 - 14,689 23,017	Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Endowment funds to the nearest £ 531 - - - - - - 531 718,498 - 718,498 719,029 11,000 5,702 9,719 180 - 2 - - - 26,603 720,854 - 720,854 747,457 - 28,428 - 39,432 11,004	Total funds to the nearest £ 32,924 965 - - - - - - 33,889 718,498 - 718,498 752,387 36,000 5,702 9,719 180 - 2 30 - - 51,633 720,854 - 720,854 772,487 - 20,100 - 54,121 34,021	Last year to the nearest £
Income from investments	32,924				25,135
Interest received	433				502
	-				-
	-				-
	-				-
	-				-
	-				-
	-				-
Sub total(Gross income for AR)	33,358				25,637
A2 Asset and investment sales, (see table).
Sale of investments	-				933,748
	-				-
Sub total	-				933,748
Total receipts A3 Payments
					959,385
Grants awarded	25,000				67,500
Investment management fees (VAT inclusive)	-				6,122
Trust administration fees (VAT inclusive)	-				10,980
Independent Examiners fees	-				780
Legal fees	-				1,200
Bank charges	-				-
Cash management fees	30				-
	-				-
	-				-
**Sub total **	25,030				86,582
A4 Asset and investment purchases, (see table)
Investmentpurchases	-				855,624
Investment in Fortitude FosteringCIC	-				50,000
**Sub total **	-				905,624
Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end
					992,206
	8,328	-	- 28,428	- 20,100	- 32,821
	-	-	-	-	-
	14,689		39,432	54,121	86,942
	23,017	-	11,004	34,021	54,121

CCXX R1 accounts (SS)

27/08/2024

1

Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period
Categories Signed by one or two trustees on behalf of all the trustees B1 Cash funds B2 Other monetary assets B4 Assets retained for the charity’s own use B5 Liabilities B3 Investment assets	Signature Details Details Capital account Income account Details Details Total cash funds (agree balances with receipts and payments account(s)) Details Investment portfolio Fortitude Fostering CIC	Unrestricted funds Restricted funds to nearest £ to nearest £ - - 23,017 - - - 23,017 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) Endowment - Endowment - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - Print Name Chris Thurlow on behalf of Ludlow Trust CompanyLimited	Endowment funds to nearest £
			11,004
			-
			-
			11,004
			OK
			Endowment funds to nearest £
			-
			-
			-
			-
			-
			-
			Current value (optional)
			1,255,074
			150,000
			-
			-
			-
			Current value (optional)
			-
			-
			-
			-
			-
			-
			-
			-
			-
			When due (optional)
			Date of approval
		Chris Thurlow on behalf of Ludlow Trust CompanyLimited

CCXX R2 accounts (SS)

27/08/2024

2

Trustees’ Annual Report for the period

From 21 February 2023 To 20 February 2024

Charity name: The Aqueduct Charitable Trust Charity registration number: 1179272

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The trustees shall apply the income, and all or such part or parts of the capital at such time or times and in such manner to or for the benefit of such exclusively charitable objects and purposes in any part of the world as the trustees may in their discretion think fit.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	In furtherance of the charity’s objects for the public benefit the trustees shall provide grants.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	In determining the charity’s activities, the trustees have had regard to the Charity Commission’s guidance on public benefit.

Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant about:	Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant about:	Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant about:
	SORP reference
Policy on grant making	Para 1.38
Policy on social investment including program related investment	Para 1.38
Contribution made by volunteers	Para 1.38
Other

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	During the year under review the charity made grants to five charities totalling £36,000.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41
Other

Financial Review

Review of the charity’s financial position at the end of the period	Para 1.21	At the end of the reporting period the charity had free reserves of £23,017 (2023: £14,690). In addition to the free reserves the charity has bank balances of £11,004 (2023: £39,432) and investments within a portfolio valued at £1,255,074 and a direct investment in a community interest company of £150,000 within the expendable endowment fund.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The Trustees pursue a policy of maintaining a free reserve available to be spent in the furtherance of the charity’s objectives as well as covering future needs, opportunities, contingencies and risks.
Amount of reserves held	Para 1.22
Reasons for holding zero reserves	Para 1.22
Details of fund materially in deficit	Para 1.24
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23

Additional information (optional)

You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including any fundraising) Para 1.47 Investment policy and objectives including any social investment policy adopted

Para 1.46 A description of the principal risks facing the charity Para 1.46 Expendable endowment funds are those which are required to be invested to produce Other income but which may be transferred to unrestricted funds at the discretion of the trustees in order that they may be expended in furtherance of the charity’s objectives. Unrestricted income funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Trust deed dated 20 February 2018
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Trust
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or bodyentitled	Para 1.25	Trustees are appointed by the settlor during his lifetime and subject to this by the trustees from time to time.

to appoint one or more trustees
Additional information (optional) You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction and training of trustees	Para 1.51
The charity’s organisational structure and any wider network with which the charity works	Para 1.51
Relationship with any related parties	Para 1.51	No trustee received any remuneration or was reimbursed any expenses in the year under review. Ludlow Trust Company Limited was paid £9,719 for trust administration services during the year under review. These fees are authorized under clause 6 of the trust deed.
Other

Reference and Administrative details

Charity name	The Aqueduct Charitable Trust
Other name the charity uses
Registered charity number	1179272
Charity’s principal address	Trustees Department 1stFloor, Tower Wharf Cheese Lane, Bristol BS2 0JJ

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18	Trustee name	Office (if any)	Dates acted if not for whole **year **	Name of person (or body) entitled to appoint trustee (ifany)
	Paul Charles Bridgewater
	Julia Anne Bridgewater
	Ludlow Trust CompanyLimited

19 20

– Corporate trustees names of the directors at the date the report was approved Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)
Type of adviser Name Address
Investment Managers	Coutts & Co	440 The Strand, London, WC2R 0QS
Bankers	Coutts & Co	440 The Strand, London, WC2R 0QS
Accountants	KJF Accounting Limited	17 Sheringham Avenue, Southgate, London, N14 4UB

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Chris Thurlow on behalf of Ludlow Trust Company Position (eg Secretary, Chair, etc) Date

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examine¢s Report Report to the trusteesl members of The Aqueduct Charitable Trust On accounts for the year ended 20 February 2024 Charity no lif any) 1179272 Set out on pages 1 to2 I report to the trustees on my examination of the accounts of the above charity {"the Tru5V') for the year ended 20, February 2024. Responsibilities and As Ihe charity truslees of the Trust. you are responsible for the preparation basis of report of the accounts in accordan￿ with the requirements of the Charities Act 2011 ('Ihe Acr). I report in respect of my examinab.on of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145{5)(bl of the ACL I have completed my examination. I confimi that no material matters have come lo my attention in connection wlth the examination ￿lch gives me cause lo believe trat in, any material respect.. accounting records V￿re not kept in accordance wth section 130 of the Act or the accounts do not accord with the accounting records Independent examiner's statement I have no concems and have come across no other matters in connection with Ihe examination lo which attenlion should be drawn in order to enable a proper understanding of Ihe accounts to be reached. Signed: Date: 21_08-2024 Name: Mr Keith Felton Relevant professional qualification{sl or body lif anyl- ACCA Address: KJF Accounting Ltd, 17 Sheringham Avenue. Southgate, London N14 4U8 Section B Disclosure Only complete if the examiner needs to highlight matters of concem (see CC32, Independent examination of charity accounts.. directions and guidance for examiners). IER October 2018

Glve here brfef details of any iterns that the examiner wishes to disclose, IER October 2018

2024-09-02Accounts

Final Audit Report

2024-09-02

Created: 2024-09-02 By: Estera Rzepus ([e-mail]) Status: Signed Transaction ID: CBJCHBCAABAAv_6_f01vGhfA0foQrMOQ6aVygZ7tdCl6

"2024-09-02Accounts" History

Document created by Estera Rzepus ([e-mail])

2024-09-02 - 12:10:28 PM GMT

Document emailed to Chris Thurlow ([e-mail]) for signature 2024-09-02 - 12:10:31 PM GMT

Email viewed by Chris Thurlow ([e-mail]) 2024-09-02 - 1:08:15 PM GMT

Document e-signed by Chris Thurlow ([e-mail]) Signature Date: 2024-09-02 - 1:08:22 PM GMT - Time Source: server

Agreement completed.

2024-09-02 - 1:08:22 PM GMT