Trustees' Annual Report for the period
Period start date Period end date Day Month Year Day Month Year From 09 01 2023 To 08 01 2024
Section A Reference and administration details
THE LONGVILLE FOUNDATION
Charity name Other names charity is known by Registered charity number (if any) 1193263 Charity's principal address Ludlow Trust Company Limited First Floor, Tower Wharf. Cheese Lane, Bristol Postcode 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) |
|---|---|---|---|---|
| Ludlow Trust CompanyLimited |
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| Andrea Marianne Jane Minton Beddoes |
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| Simon PhilipGray | ||||
Names of the trustees for the charity, if any, (for example, any custodian trustees)
Name Dates acted if not for whole year
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March 2012
1
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 |
||
| Independent examiner | Geoffrey Frost | Blue Spire Limited, South Pallant, Chichester, West Sussex, PO19 1SY |
Name of chief executive or names of senior staff members (Optional information)
Section B Structure, governance and management
Description of the charity’s trusts
Type of governing document
Trust deed dated 8[th] January 2021
- (eg. trust deed, constitution)
How the charity is constituted
Trust
- (eg. trust, association, company)
Trustees are appointed by the existing trustees. Trustee selection methods
(eg. appointed by, elected by)
Additional governance issues (Optional information)
You may choose to include additional information, where relevant, about:
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policies and procedures adopted for the induction and training of trustees;
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the charity’s organisational structure and any wider network with which the charity works;
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relationship with any related parties;
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trustees’ consideration of major risks and the system and procedures to manage them.
Section C Objectives and activities
Summary of the objects of the charity set out in its governing document
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 exclusively charitable objects and purposes in any part of the world as the Trustees may in their absolute discretion think fit.
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March 2012
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In furtherance of the charity’s objects for the public benefit the trustees provide grants in accordance with the deed. In determining the charity’s activities the trustees have had regard to the Charity Commission’s guidance on public benefit.
Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)
Additional details of objectives and activities (Optional information)
You may choose to include further statements, where relevant, about:
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policy on grantmaking;
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policy programme related investment;
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contribution made by volunteers.
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March 2012
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Section D Achievements and performance
During the year under review the charity made grants to charities below: Summary of the main achievements of the charity Radley Foundation (RCN 272671) - £10,000 during the year Moor Park Charitable Trust Limited (RCN511800) - £25,000 Seaview Sailing Trust (RCN 1198176) - £3,600
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Section E Financial review
Brief statement of the charity’s policy on reserves
At the end of the reporting period the charity had free reserves amounting to £25,996. In addition to the free reserves the charity has bank balances of £919,186 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.
Details of any funds materially
in deficit
Further financial review details (Optional information)
You may choose to include additional information, where relevant about:
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the charity’s principal sources of funds (including any fundraising);
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how expenditure has supported the key objectives of the charity;
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investment policy and objectives including any ethical investment policy adopted.
Section F Other optional information
Section G Declaration
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 Ltd Position (eg Secretary, Chair, Trust Manager etc) Date 08 November 2024
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Charity Name No (if any) THE LONGVILLE FOUNDATION 1193263 Receipts and payments accounts CC16a For the period Period start date Period end date To from 09/01/2023 08/01/2024
| Section A Receipts and payments | Section A Receipts and payments | Section A Receipts and payments | |||||||
|---|---|---|---|---|---|---|---|---|---|
| A1 Receipts | Unrestricted funds to the nearest £ 27,707 - - - 27,707 - - 27,707 38,600 8,045 1,711 - - - 48,356 - - 48,356 (20,649) |
Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - |
Endowment funds to the nearest £ - - - - - - - - - - - - |
Total funds to the nearest £ - 27,707 - - - - - - 27,707 |
Last year to the nearest £ |
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| Income from Investments | |||||||||
| Income from interest | 27,707 | ||||||||
| Addition to the Trust | 804,210 | ||||||||
| Gift Aid | 200,000 | ||||||||
| - | - | ||||||||
| - | - | ||||||||
| - | - | ||||||||
| Sub total(Gross income for AR) |
27,707 | 1,004,210 | |||||||
| A2 Asset and investment sales, (see table). |
|||||||||
| Sale of investments | - | - | |||||||
| Sub total | - | - | - | ||||||
| Total receipts A3 Payments |
|||||||||
| 1,004,210 | |||||||||
| Charitable Payments | 38,600 | 10,000 | |||||||
| Investment Management Fees +VAT | |||||||||
| Trust Administration Fees +VAT | 8,045 | 5,513 | |||||||
| Trust Set upfee | 4,200 | ||||||||
| Lei fee | 138 | ||||||||
| Cash management fee | 1,711 | ||||||||
| - | - | ||||||||
| - | - | ||||||||
| - | - | ||||||||
| **Sub total ** | 48,356 | 19,851 | |||||||
| A4 Asset and investment purchases, (see table) |
|||||||||
| Investmentpurchases | - | - | |||||||
| **Sub total ** | - | - | - | ||||||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end **Cash funds this year end ** |
|||||||||
| 19,851 | |||||||||
| (20,649) | - | - | (20,649) | 984,359 | |||||
| 46,645 | (46,645) | - | - | ||||||
| 965,831 | 965,831 | 984,359 | |||||||
| 25,996 | - | 919,186 | 945,182 | 1,968,718 |
CCXX R6 accounts (SS)
08/11/2024
6
| 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 | Section B Statement of assets and liabilities at the end of the period | |
|---|---|---|---|---|
| Categories B1 Cash funds B2 Other monetary assets B4 Assets retained for the charity’s own use B5 Liabilities B3 Investment assets |
Details Cash Capital Cash Income Details Total cash funds (agree balances with receipts and payments account(s)) Details Details Securities Details |
Unrestricted funds to nearest £ - 25,996 - 25,996 OK Unrestricted funds to nearest £ - - - - - - Fund to which asset belongs Endowment Fund to which asset belongs Fund to which liability relates |
Restricted funds to nearest £ - - - - OK Restricted funds to nearest £ - - - - - - Cost (optional) - - - - - Cost (optional) - - - - - - - - - Amount due (optional) - - - - - |
Endowment funds to nearest £ |
| 919,186 | ||||
| - | ||||
| 919,186 | ||||
| OK | ||||
| Endowment funds to nearest £ |
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| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| Current value (optional) |
||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| Current value (optional) |
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| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| When due (optional) |
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| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - |
Signed by one or two trustees on behalf of all the trustees
Signature
Print Name Chris Thurlow on behalf of Ludlow Trust Company Ltd
Date of approval 08 November 2024
CCXX R7 accounts (SS)
08/11/2024
7
Independent Examiner's Report to the Trustees of The Longville Foundation
I report to the charity trustees on my examination of the accounts of the charity for the year ended 8 January 2024 which are set out on pages 6 to 7.
Responsibilities and basis of report
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all 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 in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the accounts do not accord with those records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Geoffrey Frost BSc(Hons) FCA Blue Spire Limited South Pallant Chichester West Sussex PO19 1SY
Date[11 November 2024]