|**The Witheren Foundation**||**1192994**||| |---|---|---|---|---| |**Receipts andpayments accounts**||||**CC16a**| |23.12.2022
Period start date
**For the period**
**from**|**To**|22.12.2023
Period end date||| ## **Section A Receipts and payments** |**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest £**
**96,606**
**10,625**
**-**
**-**
**-**
**-**
**-**
**107,231**
**-**
**-**
**-**
**107,231**
**48,000**
**-**
**-**
**-**
**667**
**-**
**-**
**-**
**48,667**
**-**
**-**
**-**
**48,667**
**58,563**
**-**
**17,800**
**76,363**|**Restricted**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Endowment**
**funds**
**to the nearest £**
**-**
**2,466**
**-**
**-**
**-**
**-**
**2,466**
**3,264,817**
**-**
**3,264,817**
**3,267,283**
**50,000**
**16,399**
**24,312**
**180**
**-**
**-**
**-**
**-**
**90,890**
**4,680,305**
**-**
**4,680,305**
**4,771,196**
**- 1,503,912**
**-**
**1,767,293**
**263,381**|**Total funds**
**to the nearest £**
**96,606**
**13,091**
**-**
**-**
**-**
**-**
**-**
**109,697**
**3,264,817**
**-**
**3,264,817**
**3,374,514**
**98,000**
**16,399**
**24,312**
**180**
**667**
**-**
**-**
**-**
**139,558**
**4,680,305**
**-**
**4,680,305**
**4,819,863**
**- 1,445,349**
**-**
**1,785,094**
**339,745**|**Last year**
**to the nearest £**| |---|---|---|---|---|---| |Investment income|**96,606**||||**61,884**| |Interest received|**10,625**||||**627**| ||**-**||||**-**| ||**-**||||**-**| ||**-**||||**-**| ||**-**||||**-**| ||**-**||||**-**| |**_Sub total_**_(Gross income for_
_AR)_|**107,231**||||**62,511**| ||||||| |**A2 Asset and investment sales,**
**(see table).**|||||| |Sale of investments|**-**||||**2,167,290**| ||**-**||||**-**| |**_Sub total_**|**-**||||**2,167,290**| |**_Total receipts_**
**A3 Payments**|||||| ||||||**2,229,801**| ||||||| |Grants awarded|**48,000**||||**83,000**| |Investment management fees (including
VAT)|**-**||||**20,818**| |Trust administration fees (including VAT)|**-**||||**42,759**| |Independent examiners fees|**-**||||**780**| |Cash management fee|**667**||||**-**| ||**-**||||**-**| ||**-**||||**-**| ||**-**||||**-**| |**_Sub total_ **|**48,667**||||**147,357**| ||||||| |**A4 Asset and investment**
**purchases, (see table)**|||||| |Investmentpurchases|**-**||||**2,141,130**| ||**-**||||| |**_Sub total_ **|**-**||||**2,141,130**| |**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**|||||| ||||||**2,288,487**| ||||||| ||**58,563**||**- 1,503,912**|**- 1,445,349**|**- 58,686**| ||**-**||**-**|**-**|**-**| ||**17,800**||**1,767,293**|**1,785,094**|**1,843,779**| ||**76,363**|**-**|**263,381**|**339,745**|**1,785,093**| CCXX R1 accounts (SS) 02/09/2024 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
Investment portfolio
Money Market Deposit|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**76,363**
**-**
**-**
**-**
**76,363**
**-**
OK
OK
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
Endowment
**-**
Endowment
**-**
Endowment
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
**-**
**-**
**-**
**-**
Print Name
David Breach on behalf of Ludlow Trust
CompanyLimited|**Endowment**
**funds**
**to nearest £**| ||||**263,381**| ||||**-**| ||||**-**| ||||**263,381**| ||||OK| ||||**Endowment**
**funds**
**to nearest £**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**3,726,163**| ||||**4,175,983**| ||||**1,418,641**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**When due**
**(optional)**| ||||| ||||| ||||| ||||| ||||| ||||| ||||Date of
approval| |||David Breach on behalf of Ludlow Trust
CompanyLimited|| ||||| CCXX R2 accounts (SS) 02/09/2024 2 ## **Trustees’ Annual Report for the period** ## **From 23 December 2022 To 22 December 2023** ## **Charity name: The Witheren Foundation Charity registration number: 1192994** ## **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 law of England
and Wales in any part of the world and in
such manner 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 During the year under review the charity made grant awards to ten charities totalling £98,000. 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: |||| |---|---|---| |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 £76,636 (2022:
£17,800).
In addition to the free reserves the charity
has bank balances of £263,381 (2022:
£1,767,293) and investments valued at
£9,320,787 within the endowment fund,
available for release to support the activities
of the charity.
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:|**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:| |---|---|---| |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||| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|Trust deed dated 24 October 2017.| |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 jointly
during their lifetime or following death or
incapacity one of them and subject to this
appointment the power of appointment 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 Para 1.51 parties Other ## **Reference and Administrative details** |Charity name|The Witheren Foundation| |---|---| |Other name the charity uses|| |Registered charity number|1192994| |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)**| |---|---|---|---|---| ||Peter Dominic
Caldecott|||| ||Sara Caroline
Caldecott|||| ||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)** David Breach 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 Examiner's Report Report to the trusteesl members of The Witheren Foundation On accounts forthe year ended 22" De￿mber 2023 Charity no lif any) 1192994 Set out on pages 1to2 I report to the Irustees on my examination of the accounts of the above charity I'the Trust") for the year ended 22ThY December 2023. Responsibillties 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 (llhe Act.). I report in respect 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 Chanty Commission under section 145151{b) of the Act. I have completed my examination. I confirm that no matenal matters have come lo my attèntion in connection with the examinatson vthich gives m8 cause to believe that in, any material respect.. accounting records were not kept in accordance s8Ction 130 of the Act or the accounts do not accord with the accounting records Independent examIne￿S statement I Iiave no concems and have come across no other matters in connection with the examination to which attention should be drawn in order lo enable a proper understanding of the accounts to be reached. Signed: Date: 7c). 8 -2OZ+ Name: Mr Keith Felton Relevant professional qualification{sl or body (if any): ACCA Address: KJF Accounting Ltd. 17 Sheringham Avenue, Southgate, London N14 4UB Section B Disclosure Only ts)mplete if the examiner needs to highlight matters of concem (see CC32, Independent examination of charity accounts: directions and guidance for examiners). IER October 2018 Give here brlef detalls of any Items that the examiner wishes to disclose. IER October 2018 ## 2024-09-04Accounts Final Audit Report 2024-09-04 Created: 2024-09-04 By: Estera Rzepus (Estera.Rzepus@ludlowtrust.com) Status: Signed Transaction ID: CBJCHBCAABAAH87xMCUB60DL4OrcM2GE44zsgc7x6VZO ## "2024-09-04Accounts" History Document created by Estera Rzepus (Estera.Rzepus@ludlowtrust.com) 2024-09-04 - 1:19:08 PM GMT Document emailed to David Breach (david.breach@ludlowtrust.com) for signature 2024-09-04 - 1:19:11 PM GMT Email viewed by David Breach (david.breach@ludlowtrust.com) 2024-09-04 - 7:24:22 PM GMT Document e-signed by David Breach (david.breach@ludlowtrust.com) Signature Date: 2024-09-04 - 7:25:42 PM GMT - Time Source: server ## Agreement completed. 2024-09-04 - 7:25:42 PM GMT