||**The Sachs Foundation**|**The Sachs Foundation**|**The Sachs Foundation**|**1181874**|**1181874**|**CC16a**|
|---|---|---|---|---|---|---|
||**For the period**
**from**|24.01.2022
Period start date|**To**||23.01.2023
Period end date||
||||||||
|**Section A Receipts and payments**|||||||
|**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest £**
**73,311**
**1,033**
**-**
**-**
**-**
**-**
**-**
**-**
**74,344**
**-**
**-**
**-**
**74,344**
**67,550**
**-**
**-**
**-**
**-**
**67,550**
**-**
**-**
**-**
**67,550**
**6,794**
**62,755**
**69,548**|**Restricted**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Endowment**
**funds**
**to the nearest £**
**1,816**
**-**
**-**
**-**
**-**
**1,816**
**3,304,077**
**-**
**3,304,077**
**3,305,893**
**228,065**
**23,461**
**38,070**
**-**
**780**
**-**
**-**
**-**
**-**
**290,376**
**3,308,615**
**-**
**3,308,615**
**3,598,992**
**- 293,099**
**1,021,300**
**728,201**||**Total funds**
**to the nearest £**
**73,311**
**2,849**
**-**
**-**
**-**
**-**
**-**
**-**
**76,160**
**3,304,077**
**-**
**3,304,077**
**3,380,236**
**295,615**
**23,461**
**38,070**
**-**
**780**
**-**
**-**
**-**
**-**
**357,926**
**3,308,615**
**-**
**3,308,615**
**3,666,542**
**- 286,305**
**-**
**1,084,054**
**797,749**|**Last year**
**to the nearest £**|
|Income from investments|**73,311**|||||**73,513**|
|Interest received|**1,033**|||||**60**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
|**_Sub total_**_(Gross income for_
_AR)_|
**74,344**|||||**73,573**|
||||||||
|**A2 Asset and investment sales,**
**(see table).**|||||||
|Sale of investments|**-**|||||**2,582,484**|
||**-**|||||**-**|
|**_Sub total_**|**-**|||||**2,582,484**|
|**_Total receipts_**
**A3 Payments**|||||||
|||||||**2,656,057**|
||||||||
|Grants awarded|**67,550**|||||**167,725**|
|Investment management fees (VAT
inculsive)||||||**34,466**|
|Trust administration fees (VAT inclusive)||||||**15,268**|
|Audit fees||||||**2,100**|
|Independent examiners fees|||||||
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
|**_Sub total_ **|**67,550**|||||**219,559**|
||||||||
|**A4 Asset and investment**
**purchases, (see table)**|||||||
|Investmentpurchases|**-**|||||**2,423,677**|
||**-**||||||
|**_Sub total_ **|**-**|||||**2,423,677**|
|**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**|||||||
|||||||**2,643,236**|
||||||||
||**6,794**|**-**|**- 293,099**||**- 286,305**|**12,821**|
||||||**-**|**-**|
||**62,755**||**1,021,300**||**1,084,054**|**1,071,233**|
||**69,548**|**-**|**728,201**||**797,749**|**1,084,054**|
CCXX R1 accounts (SS)
02/11/2023
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|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**69,548**
**-**
**-**
**-**
**69,548**
**-**
OK
OK
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**Endowment**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
**-**
**-**
**-**
**-**
Print Name
David Breach|**Endowment**
**funds**
**to nearest £**|
||||**728,201**|
||||**-**|
||||**-**|
||||**728,201**|
||||OK|
||||**Endowment**
**funds**
**to nearest £**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**Current value**
**(optional)**|
||||**4,579,121**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**Current value**
**(optional)**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**When due**
**(optional)**|
|||||
|||||
|||||
|||||
|||||
|||||
||||Date of
approval|
|||David Breach||
|||||
CCXX R2 accounts (SS)
02/11/2023
2
## **Trustees’ Annual Report for the period**
## **From 24 January 2022 To 23 January 2023**
## **Charity name: The Sachs Foundation Charity registration number: 1181874**
## **Objectives and Activities**
||SORP reference||
|---|---|---|
|Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|The objects of the charity are to apply the
income, and all or such part or parts of the
capital, at such time or times and is such a
manner to, or for the benefit of such
Charities or exclusively charitable purposes
according to the law of England and Wales
in any part of the world as the Trustees may
in their absolute 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 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)**
You may choose to include further statements where relevant 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 totalling £295,615 to the
following charities
Charlynne Boddie Ministries (12 payments)
£6,000
Crisis UK £30,000
Life Community Church Storrington (16
payments) £65,550
Life Support (18 payments) £144,065
Potters Hands £50,000|
## **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 £69,548 (2022:
£62,755).
In addition to the free reserves the charity
has bank balances of £728,201 (2022:
£1,021,299) and investments valued at
£4,579,121
within
the
expendable
endowment fund.
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.|
|---|---|---|
|Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22||
|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||
|Other||Expendable endowment funds are those
which are required to be invested to produce
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 23 January 2019|
|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 body entitled
to appoint one or more
trustees|Para 1.25|Trustees are appointed by the settlors or
survivor of them during their lifetimes and
subject to this by the 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 nor
reimbursed any expenses in the year under
review.
During the year Ludlow Trust Company
were paid fees for trust administration
services of £38,070 These fees are
authorized under clause 6 of the trust deed.|
|---|---|---|
|Other|||
## **Reference and Administrative details**
|Charity name|The Sachs Foundation|
|---|---|
|Other name the charity uses||
|Registered charity number|1181874|
|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
19|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**|
|---|---|---|---|---|
||Paul AnthonySachs||||
||BeverleyJane Sachs||||
||Ludlow Trust
CompanyLimited||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
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
## **Funds held as custodian trustees on behalf of others**
## **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**
**----- Start of picture text -----**
Signature(s)
Full name(s) David Breach
Position (eg Secretary,
Chair, etc)
Date
**----- End of picture text -----**
CHARITY COMMISSION
FOR ENGLAND AND WALES
Independent examiner's
report on the accounts
Section A
Independent Examiner's Report
Report to the trusteesl
members of
The Sachs Foundation
On accounts for the year
ended
23rd January 2023
Charity no
(if any)
1181874
Set out on pages
1 to2
I report to the trustees on my examination of the accounts of the above
charity {"the Trust") for the year ended 23 January 2023.
Responsibilities and As the charity Irustees of the Trust, you are responsible for the preparation
basis of report of the accounts in accordance with the requirements of Ihe Charities Act
2011 1"the Act").
I report in respect of my examination 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(5llb) of the Act.
I have completed my examination. I confirm that no material matters have
come to my attention in connection w*lh the examination which give5 me
cause lo believe that in, any material respect..
accounting records were not kept in arLordance with section 130 of
the Acl 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 the examination to which attention should be drawn in order to enable a
proper understanding of the accounts to be reached.
Signed-
Date:
02-1140
Name".
Mr Keith Felton
Relevant professional
qualification(s} or body
{if any):
ACCA
Address:
KJF Accounting Ltd, 17 Sheringham Avenue, Southgate, London N14 4UB
IER
October 2018
Section B
Disclosure
Only complete if the examiner needs to highlight matters of concem (se8 CC32,
Independent examination of charity accounts.. directions and guidance for
examiners).
Glve here brief details of
any Items that the
examiner wishes to
disclose.
IER
October 2018
## 2023-11-06SachsFound-Accounts
Final Audit Report
2023-11-06
Created: 2023-11-06 By: Marta Kurpickaja (marta.kurpickaja@ludlowtrust.com) Status: Signed Transaction ID: CBJCHBCAABAAoOPfs9bG3DLsDCeLudy7omf4NY-6S0iC
## "2023-11-06SachsFound-Accounts" History
Document created by Marta Kurpickaja (marta.kurpickaja@ludlowtrust.com)
2023-11-06 - 10:41:16 AM GMT- IP address: 195.70.87.234
Document emailed to David Breach (david.breach@ludlowtrust.com) for signature 2023-11-06 - 10:41:52 AM GMT
Email viewed by David Breach (david.breach@ludlowtrust.com)
2023-11-06 - 2:39:07 PM GMT- IP address: 104.47.20.254
## Document e-signed by David Breach (david.breach@ludlowtrust.com)
Signature Date: 2023-11-06 - 2:40:44 PM GMT - Time Source: server- IP address: 31.54.198.241
Agreement completed.
2023-11-06 - 2:40:44 PM GMT