## **Trustees’ Annual Report for the period**
**From 28[th] Dec 2023 to 27[th] Dec 2024**
**Charity name: The Loseby Charitable Trust**
## **Charity registration number: 1184618**
## **Objectives and Activities**
||SORP reference||
|---|---|---|
|Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|**The prevention and relief of poverty by**
**providing support to those severely**
**disadvantaged by financial hardship in**
**sub-Saharan Africa, with a focus on**
**developing self-sufficiency through**
**education and training, particularly in**
**healthcare and medicine.**|
|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|**Provision of bursaries and basic**
**subsistence support to abjectly poor**
**students pursuing tertiary education in**
**healthcare and related disciplines.**|
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|**The trustees exercised their powers and**
**fulfilled their duties exclusively for the**
**public good, as demonstrated by clearly**
**identifiable charitable activity and**
**results. Financial support was delivered**
**to deserving recipients who were**
**reliably assessment for eligibility,**
**ensuring productive use of charitable**
**funds for delivering public benefit.**|
## **Additional information (optional)** You may choose to include further statements where relevant about:
||SORP reference||
|---|---|---|
|Policy on grant making|Para 1.38|**Charitable support is provided to needy**
**students with a commitment to further**
**education in healthcare and medicine,**
**where there is a record of prior**
**academic attainment and longer-term**
**intent (once qualified) to contribute to**
**community welfare through professional**
**practice in healthcare.**
**Grants are paid as tuition fees bursaries**
**and, for the most disadvantaged**
**students, additional subsistence**
**allowances for basic accommodation,**
**food and clothing.**|
|Eligibility criteria for grant
approval||**Individual and wider family enduring**
**extreme financial hardship with no**
**prospect of improvement in**
**circumstances.**
**Typically one or both parents deceased.**
**No financial support available from**
**other sources.**
**Academic achievement in secondary**
**education, measured by performance in**
**national examinations.**
**Recommendation for charitable support**
**from school or college representative**
**based on character, conduct, academic**
**ability and potential to succeed in**
**tertiary education.**
**Desire to contribute to societal welfare**
**through educational qualifications and**
**professional role in community or**
**national healthcare.**
**Subject to ongoing monitoring and**
**accountability (semester progress**
**updates, exam results).**|
|---|---|---|
## **Achievements and Performance**
**----- Start of picture text -----**
SORP reference
**----- End of picture text -----**
|**Achievements and Performance**|**Achievements and Performance**|**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|**The charity supported 18 Malawian**
**students, aged 20 to 36, with tuition fee**
**bursaries at eight specialist universities**
**and colleges in the following**
**disciplines: clinical medicine, pharmacy,**
**public health, biomedical science,**
**laboratory science, nursing and**
**midwifery.**
**The poorest students were supported**
**with basic subsistence grants for daily**
**living (accommodation, food and**
**clothing), without which enrolment and**
**ongoing attendance would be**
**impossible.**
**All students progressed successfully**
**through H1 and H2 semesters 2024,**
**100% retention and progression to 2025**
**academic year.**|
## **Additional information (optional)** You may choose to include further statements where relevant about:
|Achievements against
objectives set|Para 1.41|**The trustees ensured that available**
**funds were directed exclusively to**
**charitable activity and deserving**
**recipients with no operational or**
**administrative expenses.**|
|---|---|---|
|Performance of fundraising
activities against objectives
set|Para 1.41|**Fundraising for the reporting period was**
**as intended attributable largely to**
**trustee donations.**|
|---|---|---|
|Investment performance
against objectives|Para 1.41|**The trustees have extensive financial**
**planning and investment management**
**experience. The primary long-term**
**objective for the charity’s investment**
**funds is to deliver positive real returns**
**and outperformance relative to**
**appropriate benchmarks. This has been**
**achieved since inception and for the**
**reporting period.**|
## **Financial Review**
**----- Start of picture text -----**
Review of the charity’s Para 1.21 Financially strong, currently and longer
financial position at the end term. Cash and readily realisable
of the period investment portfolio £290,000. No
operational expenses or outstanding
obligations. Existing funds (without
reliance on future fund raising)
sufficient to support charitable
distributions for minimum seven years.
Statement explaining the Para 1.22 The entirety of the charity’s unrestricted
policy for holding reserves funds is available for deployment on
stating why they are held charitable activities. The trustees
provide their management and
administrative services free of charge.
The charity carries no financial
overheads, debt or unfunded spending
commitments.
Amount of reserves held Para 1.22 Nil. The charity’s combined cash and
investment value is unencumbered.
Reasons for holding zero Para 1.22 Unnecessary currently based on the
reserves value of cash and investment holdings
relative to projected distributions up to
2032.
Details of fund materially in Para 1.24 N/A
deficit
Explanation of any Para 1.23 N/A
uncertainties about the
charity continuing as a going
concern
**----- End of picture text -----**
**Additional information (optional)** You may choose to include further statements where relevant about:
|Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|**Long-term investment growth, balancing**
**capital appreciation and protection,**
**measured against recognised,**
**independently determined benchmarks.**|
|---|---|---|
|A description of the principal
risks facing the charity|Para 1.46|**Death or disability of trustee(s) -**
**succession plan in place to instal**
**suitable replacement(s).**|
## **Structure, Governance and Management**
|Description of charity’s
trusts:|||
|---|---|---|
|Type of governing document
(trust deed, royal charter)|Para 1.25|**Trust deed**|
|How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|**Charitable trust established by**
**declaration of trust, initial sum**
**settlement and appointment of trustees**
**2018**|
|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|**Minimum five years’ professional**
**experience in financial, investment or**
**legal services, or in senior level**
**company management or**
**administration.**|
## **Additional information (optional)** You may choose to include further statements where relevant about:
**----- Start of picture text -----**
Three trustees, joint decision-making
responsibilities, administrative
The charity’s organisational functions undertaken by nominated
structure and any wider Para 1.51 trustee Christopher Tagg.
network with which the
charity works
**----- End of picture text -----**
## **Reference and Administrative details**
**----- Start of picture text -----**
Charity name The Loseby Charitable Trust
Other name the charity uses n/a
Registered charity number 1184618
Charity’s principal address Wakestones, Wakestone Lane, Bedham RH20 1JR
**----- End of picture text -----**
## **Names of the charity trustees who manage the charity**
**----- Start of picture text -----**
Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
Christopher
1
HendersonTagg
Rupert Neil
2
Cowper-Coles
3 Martin Paul Tagg
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
**----- End of picture text -----**
– Corporate trustees names of the directors at the date the report was approved
**Director name** n/a
Name of trustees holding title to property belonging to the charity
**----- Start of picture text -----**
Trustee name Dates acted if not for whole year
n/a
**----- End of picture text -----**
## **Funds held as custodian trustees on behalf of others**
Description of the assets n/a held in this capacity Name and objects of the n/a charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for n/a safe custody and segregation of such assets from the charity’s own assets
## **Additional information (optional)**
## **Names and addresses of advisers (Optional information)**
|**Type of**|**Name**|**Address**|
|---|---|---|
|**adviser**|||
|n/a|||
||||
||||
||||
|**Name of chief executive or names of senior staff members (Optional information)**|||
|n/a|||
## **Exemptions from disclosure**
Reason for non-disclosure of key personnel details
n/a
## **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)** CHTagg **Full name(s)** Christopher Henderson Tagg **Position (eg Secretary,** Trustee **Chair, etc) Date** 28 05 2025
**----- Start of picture text -----**
The Loseby Charitable Trust 1184618
Receipts and payments accounts CC16a
For the period 28/12/2023 27/12/2024
To
from
Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds Last year
funds funds funds
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
139,500 - - 139,500 22,000
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total (Gross income for
AR) [ 139,500 ] - - 139,500 22,000
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total - - - - -
Total receipts 139,500 - - 139,500 22,000
A3 Payments
17,967 - - 17,967 10,520
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total [ 17,967 ] - - 17,967 10,520
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - - -
Total payments [ 17,967 ] - - 17,967 10,520
Net of receipts/(payments) 121,533 - - 121,533 11,480
A5 Transfers between funds - - - - -
A6 Cash funds last year end 37,481 - - 37,481 -
Cash funds this year end 159,014 - - 159,014 11,480
**----- End of picture text -----**
CCXX R1 accounts (SS)
18/08/2025
1
## **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
**B5 Liabilities**
**B3 Investment assets**
**B2 Other monetary assets**
**B4 Assets retained for the**
**charity’s own use**
**B1 Cash funds**|**Details**
Investment portfolio Hargreaves Lansdown
**Details**
n/a
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
n/a
**Details**
Bank balance
**Details**
Signature
CHTagg
n/a|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**159,014**
**-**
**-**
**-**
**-**
**-**
**159,014**
**-**
OK
OK
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**unrestricted**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
**-**
**-**
**-**
**-**
**-**
Print Name
Christopher Tagg|**Endowment**
**funds**
**to nearest £**
**-**
**-**
**-**|
|---|---|---|---|
||||**-**|
||||OK|
||||**Endowment**
**funds**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**Current value**
**(optional)**
**129,308**
**-**
**-**
**-**
**-**
**Current value**
**(optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**When due**
**(optional)**
Date of
approval
24 05 2025|
CCXX R2 accounts (SS)
18/08/2025
2
## **Independent examiner's report on the accounts**
**Section A Independent Examiner’s Report**
**Report to the trustees/** Charity Name **members of** The Loseby Charitable Trust **On accounts for the year** 27[th] December 2024 **Charity no** 1184618 **ended (if any) Set out on pages** (remember to include the page numbers of additional sheets)
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 27/12/2024.
- **Responsibilities and** As the charity trustees of the Trust, you are responsible for the preparation **basis of report** of the accounts in accordance with the requirements of the Charities Act 2011 (“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(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect:
- accounting records were not kept in accordance with section 130 of the Act or
- the accounts do not accord with the accounting records
I have no concerns 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.
* _Please delete the words in the brackets if they do not apply._
**Date:** 13/08/2025 **Signed: Name:** Lesley Ward **Relevant professional** FCA **qualification(s) or body (if any): Address:**[TFA Accountants Ltd ] Arena Business Centre Holyrood Close Poole BH17 7FJ
1
**October 2018**
**IER**
**Section B Disclosure**
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
**Give here brief details of any items that the examiner wishes to disclose** .
2
**October 2018**
**IER**