2023-10-21-accounts

The Hugh Mumford	Trust		1192468
Receipts andpayments accounts					CC16a
For the period from	Period start date 22.10.2022	To	Period end date 21.10.2023

Section A Receipts and payments

A1 Receipts	Unrestricted funds to the nearest £ - 64,551 9,444 - - - - 73,995 - - - 73,995 - - - - 821 - - - - 821 - - - 821 73,175 - 38,629 111,803	Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Endowment funds to the nearest £ 725,000 181,250 - 1,916 - - - - 908,166 786,539 - 786,539 1,694,704 - 10,301 21,492 780 - - - - - 32,573 1,803,876 - 1,803,876 1,836,449 - 141,744 - 191,308 49,565	Total funds to the nearest £ 725,000 181,250 64,551 11,360 - - - - 982,161 786,539 - 786,539 1,768,700 - 10,301 21,492 780 821 - - - - 33,394 1,803,876 - 1,803,876 1,837,270 - 68,569 - 229,937 161,368	Last year to the nearest £
Addition to trust	-				700,000
Gift Aid received					175,000
Income fro investments	64,551				32,642
Income from bank interest	9,444				473
	-				-
	-				-
	-				-
	-				-
Sub total(Gross income for AR)	73,995				908,115
A2 Asset and investment sales, (see table).
Sale of investments	-				1,434,745
	-				-
Sub total	-				1,434,745
Total receipts A3 Payments
					2,342,860
Grants awarded	-				-
Investment manager fees (including VAT)	-				5,900
Trust management fees (including VAT)	-				13,044
Independent Examiners fees	-				780
Cash management fees	821
	-				-
	-				-
	-				-
	-				-
**Sub total **	821				19,724
A4 Asset and investment purchases, (see table)
Investmentpurchases	-				2,208,130
	-
**Sub total **	-				2,208,130
Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end
					2,227,854
	73,175	-	- 141,744	- 68,569	115,006
	-		-	-	-
	38,629	-	191,308	229,937	114,931
	111,803	-	49,565	161,368	229,937

CCXX R1 accounts (SS)

19/08/2024

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 B5 Liabilities B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use B1 Cash funds	Details Investment portfolio Details Total cash funds (agree balances with receipts and payments account(s)) Chestnut Inns Limited Loan Note Capital account Income account Details Details Details Signature	Unrestricted funds Restricted funds to nearest £ to nearest £ - - 111,803 - - - 111,803 - 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 Chris Thurlow on behalf of Ludlow Trust CompanyLimited	Endowment funds to nearest £
			49,565
			-
			-
			49,565
			OK
			Endowment funds to nearest £
			250,000
			-
			-
			-
			-
			-
			Current value (optional)
			2,733,779
			-
			-
			-
			-
			Current value (optional)
			-
			-
			-
			-
			-
			-
			-
			-
			-
			When due (optional)
			Date of approval
		Chris Thurlow on behalf of Ludlow Trust CompanyLimited

CCXX R2 accounts (SS)

19/08/2024

2

Trustees’ Annual Report for the period

From 22 October 2022 To 21 October 2023

Charity name: The Hugh Mumford Charitable Trust Charity registration number: 1192468

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 hold the capital and income of the Trust Fund upon trust to 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 Charities or such exclusively charitable purposes according to the laws 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 Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other

Achievements and Performance

SORP reference No grants were made in the year under review. Summary of the main achievements of the charity, identifying the difference the Para 1.20 charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.

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

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Investment performance
against objectives Para 1.41
Other
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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 £111,803 (2022: £38,629). In addition to the free reserves the charity has bank balances of £49,565 (2022: £191,308) and investments valued at £2,983,779 within the 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	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 Para 1.22 reserves Details of fund materially in Para 1.24 deficit Explanation of any Para 1.23 uncertainties about the charity continuing as a going concern

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 21 October 2020 as amended 02 June 2021 and 04 January 2022
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 may be appointed by the settlors jointly during their lifetime or following death or incapacity one of them and subject to this appointment the power to appoint is exercisable 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 or was reimbursed any expenses in the year under review. Ludlow Trust Company Limited was paid £21,492 or trust administration services during the year under review. These fees are authorised under clause 3 of the trust deed.
Other

Reference and Administrative details

Charity name	The Hugh Mumford Charitable Trust
Other name the charity uses
Registered charity number	1192468
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 20	Trustee name	Office (if any)	Dates acted if not for whole **year **	Name of person (or body) entitled to appoint trustee (ifany)
	Hugh Mumford
	Kate MaryMumford
	Ludlow Trust CompanyLimited

– 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 Limited Position (eg Secretary, Chair, etc) Date

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent ExamineVs Report Report to the trusteesl members of The Hugh Mumford Charitable Trust On accounts for the year ended 2151 October 2023 Charity no lif any) 1192468 Set out on pages 1 to2 I report to the trustees on my examination of the accounts of the above charity I'the Trust.) for the year ended 31 ¥ October 2023. Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the a¢counts in accordance with the requirements of the Charities Act 2011 ('the Act.). l ￿port in ￿SpeCt of my examination of the Trust's accounts Carried out under section 145 of the 2011 Act and in carying out my examination. I have followed the applicable Directions given by the Charity Commission under section 145151{b) of the Act. I have completed my examination. I confirm that no mat8rial matters have Come lo my attention in connection with the examination which gives me cause to believe that in. any material respect: accounting records We￿ not kept in accordano wth section 130 of the Act or the accounts do not accord with the aC￿unting words Independent examinerfs 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 understsnding of the accounts to be reathed. Signed: Date: If_of-202 Name: Mr Keith Felton Relevant professional qualificationls) or body {if any): ACCA Address: KJF Accounting Ltd. 17 Sheringham Avenue, Southgate. London N14 4UB Section B Disclosure Only cnmplete ifthe examiner needs to highlight matters of concem (see CC32, Independent examination of tharity accounts.. directions and guidance for examiners). IER October 2018

Give here brlef detalls of any items that the examlner wlshes to disclose. IER October 2018

2024-08-20Accounts

Final Audit Report

2024-08-20

Created: 2024-08-20 By: Estera Rzepus ([e-mail]) Status: Signed Transaction ID: CBJCHBCAABAAvw0ZuwJxdIwwAjSOxPxjkoNMGAZdZQLU

"2024-08-20Accounts" History

Document created by Estera Rzepus ([e-mail]) 2024-08-20 - 1:22:49 PM GMT

Document emailed to Chris Thurlow ([e-mail]) for signature 2024-08-20 - 1:22:52 PM GMT

Email viewed by Chris Thurlow ([e-mail])

2024-08-20 - 2:08:51 PM GMT

Document e-signed by Chris Thurlow ([e-mail]) Signature Date: 2024-08-20 - 2:09:00 PM GMT - Time Source: server

Agreement completed.

2024-08-20 - 2:09:00 PM GMT