## _Etauliers Charitable Trust_ # **Trustees’ Annual Report for the period** # **6 April 2023 to 5 April 2024** Charity name: **The Etauliers Charitable Foundation** Charity registration number: **1194712** ## **Objectives and Activities** ## **Purpose:** The purpose of The Etauliers Charitable Foundation (“the Charity”) is to disburse the income it has received in donations towards such charitable purposes for the benefit of the public as the Trustees from time to time in their absolute discretion decide in accordance with Christian values, including, in particular but not limited to the following: - 3.1 The relief of those in need because of age, youth, ill-health, disability, financial hardship or other disadvantage. - 3.2 The advancement of education. - 3.3 The relief of poverty anywhere in the world. - 3.4 The advancement of health by: 3.4.1 The promotion of public education and of research into mental health problems of all kinds, their prevention, causes, treatment and care, provided that the useful results of any such research are made public; and - 3.4.2 The promotion of medical research provided that the useful results of any such research are made public. ## **Activities:** The principal activities of the Charity are the consideration of suitable charities which it wishes to support, either based on applications received or pro-active selection of particular areas that the Trustees believe to be appropriate. Once donations are made the Charity expects to maintain an on-going relationship so that it can establish that donations are being used effectively and in line with the intended purpose. ## **Trustee Statement:** The trustees have had regard to the guidance issued by the Charity Commission on public benefit. The trustees are satisfied that their duty to benefit the public is being fulfilled. ## **Achievements in the Year:** Following its establishment in 2021, the Charity was able to commence making grants in 2022. The total amount awarded in the current year was £40,644 (2022: £35,798 ) to 20 charities (2022: 13 ), with the largest single award of £7,644 and the smallest award of £500. All awards were made to UK registered charities. Seven larger awards (defined as £2,000 or more) were made to charities to support specific activities. These included: - Continued support for “living well” courses for people with mental health challenges in Hertfordshire; - a donation to support the the founding of a frailty service run by a hospice in Hertfordshire; - a family support service for children suffering from blindness and visual impairment; - support for music related activities targeted at those suffering from dementia; - educational projects in Peru, Malawi and Uganda. The smaller grants were made to a number of charities that work in a number of areas. These included helping prisoners and refugees to develop employable skills; assisting wounded veterans to adjust to civilian life; charities raising awareness of bowel and prostate cancer; and projects which support families, encouraging reading and aim to reduce gang violence. ## **Financial review:** During the year, the settlor made an additional grant of £50,000 to the Charity. The grant qualifies for Gift Aid, which has been accounted for but not yet received from HMRC. During the year the amount of £130,784 was received from HMRC in respect of the Gift Aid on donations made in previous years. The first set of grants were made during the year totalling £40,644. The charity's funds as at 5 April 2024 were £742,340, including Gift Aid to be received from HMRC. ## **Governance:** The Trustees expect to meet formally, with an agenda and minutes, several times per year to consider potential grant making proposals; to review progress of existing donations; and to address on-going management of the charity. ## **Risk Management:** The major risks to which the charity is exposed, as identified by the trustees, have been reviewed and systems and procedures have been established to manage those risks. In particular, as mentioned above, the Trustees do not enter into commitments in excess of their available cash resources and as a result they operate in a very low risk environment. Any drop in income received will be matched by an appropriate reduction in expenditure. **Names of the charity trustees who manage the charity** |**Trustee**|**Office**|**Dates Acted**| |---|---|---| |Richard Anthony Exact|Chair|Whole year| |Philip John Exact||Whole year| |Michael Mortimer Jones||Whole year| ## **Principal Address** 1 Grimston Road, St Albans, Hertz, AL1 5EP ## **Declarations** The trustees declare that they have approved the trustees’ report above Signed on behalf of the Charity’s trustees Signature ______________________________ Full Name ______________________________ RICHARD EXACT TRUSTEE Position ______________________________ 19 JANUARY 2025 Date ______________________________ DoGuS￿n Envelope ID." 18705AOD4A79457F-94BF-25587D6844CC The Etauliers Charitable Foundation Charity Number:1194712 Trustees Annual Report and Accounts 6 April 2023 to 5 April 2024 DOcus￿n Envelope ID". 18705AOD-4A7W457F-94BF-25S87D6844CC The Etauliers Charitable Foundation Accounts for the 12 months to 5 April 2024 Contents Reference and Administrative Details Trustees, Annual Report Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Accounts Page 2 DOcus￿n Envelope ID." 18705AOD4A79-457F-94BF-25587D6844CC The Etauliers Charitable Foundation Accounts for the 12 months to 5 April 2024 Reference and Administrative Details Registered Charity Number 1194712 Date of Trust Deed 28 May 2021 Charity Address l Grimston Road St Albans Hertfordshire ALI SEP Settlor Richard Anthony Exact Trustees Richard Anthony Exact Michael Mortimer Jones Philip John Exact Bank Barclays 16-18 St. Peter's Street St. Albans Hertfordshire ALI 3NA Independent Examiner Jo Upshall FCA Mercer & Hole LLP 72 London Road St. Albans Hertfordshire ALI INS Page 3 Docusign Envelope ID." 18705AOD4A79457F-94BF-25587D6844CC The Etauliers Charitable Foundation Accounts for the 12 months to 5 April 2024 Trustees, Annual Report The trustees present their annual report together with the accounts for the 12 months to 5 April 2024 for The Etauliers Charitable Foundation I'the Charity"). Governing document The Charity was created by a trust deed dated 28 May 2021. Structure, governance and management New trustees are appointed by the Settlor during his lifetime. The trustees expect to meet formally, with an agenda and minutes, several times per year to consider potential grant making proposals,. to review progress of existing donations; and to address on-going management of the charity. Purpose The purpose of the Charity is to disburse the income it has received in donations towards such charitable purposes for the benef it of the public as the trustees from time to time in their absolute discretion decide in accordance with Christian values, including, in particular but not limited to the following.. The relief of those in need because of age, youth. ill-health, disability, financial hardship or other disadvantage. The advancement of education. The relief of poverty anywhere in the world. - The advancement of health by.. l} The promotion of public education and of research into mental health problems of all kinds, their prevention, causes, treatment and care, provided that the useful results of any such research are made public,. and 21 The promotion of medical research provided that the useful results of any such research are made public. Activities The principal activities of the Charity are the consideration of suitable charities which it wishes to support, either based on applications received or pro-active selection of particular areas that the trustees believe to be appropriate. Once donations are made the Charity expects to maintain an on-going relationship so that it can establish that donations are being used effectively and in line with the intended purpose. Public benefit statement The trustees have had regard to the guidance issued by the Charity Commission on public benefit. The trustees are satisfied that their duty to benefit the public is being fulfilled. Page 4 Docusign Envelope ID." 18705AOD4A79457F-94BF-25587D6844CC The Etauliers Charitable Foundation Accounts for the 12 months to 5 April 2024 Achievements in the year Following its establishment in 2021, the Charity was able to commence making grants in 2022. The total amount awarded in the current year was £40,64412022: £35,798) to 20 charities12022'. 131, with the largest single award of £7,644 and the smallest award of £500. All awards were made to UK registered charities. Seven larger awards Idefined as £2,000 or morel were made to charities to support specific activities. These included: Continued support for "living well" courses for people with mental health challenges in Hertfordshire,. a donation to support the the founding of a frailty service run by a hospice in Hertfordshire,. a family support service for children suffering from blindness and visual impairment,.: support for activities targeted at those suffering from dementia,. educational projects in Peru, Malawi and Uganda. The smaller grants were made to a number of charities that work in a number of areas. These included helping prisoners and refugees to develop employable skills,. assisting wounded veterans to adjust to civilian life,. charities raising awareness of bowel and prostate cancer,. and projects which support families, encouraging reading and aim to reduce gang violence. Financial review During the year, the settlor made an additional grant of £50,000 to the Charity. The grant qualifies for Gift Aid, which has been accounted for but not yet received from HMRC. During the year the amount of £130,784 was received from HMRC in respect of the Gift Aid on donations made in previous years. The first set of grants were made during the year totalling £40,644. The charity's funds as at 5 April 2024 were £742,340, including Gift Aid to be received from HMRC. Risk management The major risks to which the Charity is exposed, as identified by the trustees, have been reviewed and systems and procedures have been established to manage those risks. In particular, as mentioned above, the trustees do not enter into commitments in excess of their available cash resources and as a result they operate in a very low risk environment. Any drop in income received will be matched by an appropriate reduction in expenditure. 'wdn•behalf of the trustees.. F￿￿}3¥frIDnY Exact Date 3011212024 Page 5 Docusign Envelope ID." 18705AOD4A79457F-94BF-25587D6844CC The Etauliers Charitable Foundation Accounts for the 12 months to 5 April 2024 Independent Examinerfs Report to the Trustees of The Etauliers Charitable Foundation I report to the charity trustees on my examination of the accounts of the above charity for the year ended 5 April 2024. Responsibilities and basis of report A5 the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the Act'l. 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 14515llbl of the Act. Independent examiner's statement I confirm that l am qualified to undertake the examination because l am a member of the ICAEW. 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.. accounting records were not kept in respect of the charity as required by section 130 of the Act,. or 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. Signed.. Do¢uSb￿d by.. Jolene UpsAaff ICAEW Mercer & Hole LLP 72 London Road I32Sé7￿3s St. Albans Hertfordshire ALI INS Date 3011212024 Page 6 Docusign Envelope ID." 18705AOD4A79457F-94BF-25587D6844CC The Etauliers Charitable Foundation Accounts for the 12 months to 5 April 2024 Statement of Financial Activities 6 April 2023 to 5 April 2024 6 April 2022 to 5 April 2023 Unrestricted Funds £ Unrestricted Funds £ Incoming Resources Donations from the Settlor 50,000 loo,000 Gift Aid 15,784 25,000 Total Incoming Resources 65,784 125,000 Resources Expended Grants Awarded 40,644 35,798 Professional Fees 800 3,690 Bank Charges 96 loo Total Resources Expended 41,540 39,588 Net Income 24,244 85,412 Total Funds Carried Forward 742,340 718,096 Page 7 Docusign Envelope ID." 18705AOD4A79457F-94BF-25587D6844CC The Etauliers Charitable Foundation Accounts for the 12 months to 5 April 2024 Balance Sheet As at 5 April 2024 £ As at 5 April 2023 £ Current Assets Cash 706,840 574,086 Gift Aid Debtor 37,500 152,500 Creditors: falling due wlthln one year 12,0001 18,4901 Net Assets 742,340 718,096 Funds of the Charity Unrestricted Funds 742,340 718,096 Total Funds 742,340 718,096 Signed on behalf of the trustees.. Docu8b3n•dby.' 3tADÈE$ÉJtA$410 Richard Anthony Exact Date 3011212024 Page 8 Docusign Envelope ID." 18705AOD4A79457F-94BF-25587D6844CC The Etauliers Charitable Foundation Accounts for the 12 months to 5 April 2024 Notes to the Accounts Note I Basis of accounts preparation These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notelsl to these accounts The accounts have been prepared in accordance with the Statement of Recommended Practice= Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014 and with the Charities Act 2011. The charity constitutes a public benef it entity as def ined by FRS 102. Note 2 Going concern The trustees are satisfied that the charity has sufficient f unds to carry out its activities and that the charity can continue a5 a going concern. Note 3 Accounting policies Reco nition of income These are included in the Statement of Financial Activities ISOFAI when.. the charity becomes entitled to the resources,. it is more likely than not that the trustees will receive the resources- and the monetary value can be measured with sufficient reliability. Grants and donations Grants and donations are only included in the SOFA when the SORP general income recognition criteria are met. reco nition Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Note 4 Trustee remuneration and benefits None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity. Note 5 Trustees. expenses No Trustees, expenses have been incurred during the period. Note 6 Related party transactions There have been no related party transactions during the financial period. Page g Q docusign. Certificate Of Completion Envelop8 Id.. 18705AOD-4A79457F-94BF-25587D6844CC Status.. Completad Subject. Complete with Docusign.. Letter of representation 05042024.dccx. Annu81 Accounts to 5 April 24 F... Source Env81ope". Docum8nl Page8." 12 Certific8te Pages.. 5 AutoNav". Enabled Slgnalur&8'. 4 Env8lope Orl9inalor'. Jolene Upshall 72 London Road Envtlop81d Stamping." Enabled Time lone.. IUTCI Dublin. Edinburgh, Lisbon. London st Albans, H8riford$hir8 AL1 1NS iolene.upsh¥ll@mercerhole.co.uk IP Address.. 78 33.27.134 Record Tracklng Status-. Original 2311212024 | 11.-11 Holder.- Jolene Upshall lol&n&.up$hall@merc&rhol8.co.uk Location." Docusign Signer Evgnts Richard Exact etauliers.trus1@gmail.corn Security Level.. Ernail, Account Authentication (None) Signature Timestarnp Sent. 2311212024 | 11'.18 Wiewed.. 3011212024115..48 Signed.. 3011212024 | 15."48 J￿￿￿E{E1Cl￿41 Signalurtr Adoption". Pre-selÉctÉd Style Using IP Address.. 82.3.255.17 Electronlc Record and Slgnature Dls¢lo$ur8'. Accepted" ￿212023113 08 ID. 960361424lb9483c-a89￿32lI33631b1B Jolene Upshall 1olene.up8h811@merceth￿e.0O.uk P8rtner Mercer & Hole Sent. 3011212024115."48 Viewed.. 3011212024116.'59 Signed.. 3011212024 | 16..59 se￿nIY L&vel.' Email, A¢￿￿nI Aulh&nlication (Monel Signature Adoption". Pre-selected Style Using IP Addrtrss. 78.33.27.134 El8¢troni¢ R8¢ord and Signaiuro Dl8¢losur&.' 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Docusign Envelope ID". 187o5AOD4A79457F-94BF-2￿87D6844cc The Etauliers Charitable Foundation l Grimston Road St. Albans ALI SEP Jolene Upshall Mercerand Hole LLP 72 London Road St. Albans ALI INS To Jolene Upshall Independent examination letter of representation The following representations are made on the basis of enquiries of management and staff with relevant knowledge and experience such as we consider necessary in connection with your independent examination of the charitvs financial statements for the period ended 5 April 2024. These enquiries have included inspertion of supporting documentation where appropriate and are sufficient to satisfy ourselves that we can make each of the following representations. All representations are made to the best of our knowledge and belief. General l. We acknowledge that the work performed by you is substantially less in scope than an audit performed in accordance with International Standards on Auditing IUKI and that you do not express an audit opinion. 2. We confirm that the charity was entitled to exemption under sertion 144 of the Charities Art 2011 the requirement to have its financial statements for the financial period ended 5 April 2024 audited. 3. We have fulfilled our responsibilities as trustees as set out in the terms of your engagement letter dated, 3 February 2023 under the Charities Act 2011 for preparing financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Prarticel, for being satisfied that they give a true and fair view and for making accurate representations to you. 4. All the transartions undertaken by the charity have been properly reflected and recorded in the accounting records. 5. All the accounting records have been made available to you for the purpose of your independent examination. We have provided you with unrestrirted access to all appropriate persons within the charity, and with all other records and related information requested, including minutes of all management and trustee meetings and correspondence with The Charity Commission. Docusign Envelope ID". 18705AOD4A79457F-94BF-25587D8844CC 6. The financial statements are free of material misstatements, including omissions. Assets and Ilabllltles 7. The charity has satisfactory title to all assets and there are no liens or encumbrance5 on the charitable compantys assets, except for those that are disclosed in the notes to the financial statements. 8. All actual liabilities, contingent liabilities and guarantees given to third parties have been recorded or disclosed as appropriate. 9. We have no plans or intentions that may materially alter the carrying value and, where relevant, the fair value measurements or classification of assets and liabilities refletted in the financial statements. Accounting estimates 10. The methods, data and significant assumptions used by us in making accounting estimates, and their related disclosures, are appropriate to achieve recognition, measurement and disclosure that is reasonable in the context of the applicable financial reporting framework. Loans and arrangements 11. The charity has not granted any advances or credits to, or made guarantees on behalf of, director5 Other than those disclosed in the financial statements. Legal claims 12. We have disclosed to you all claims in connection with litigation that have been, or are expected to be, received and such matters, as appropriate, have been properly accounted for and disclosed in the financial statements. Laws and regulations 13. We have disclosed to you all known instances of non-compliance or suspected non- compliance with laws and regulations whose effects should be considered when preparing the financial statements. Related parties 14. Related party relationships and transactions have been appropriately accounted for and disclosed in the financial statements. We have disclosed to you all relevant information concerning such relationships and transattions and are not aware of any other matters which require disclosure in order to comply with legislative and accounting standards requirements. Subsequent events 15. All events subsequent to the date of the financial statements which require adjustment or disclosure have been properly accounted for and disclosed. Going concern 16. We believe that the chariws financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate forthe chariws needs. We have considered a period oftwelve monthsfrom the date of approval of the financial statements. We believe that no further disclosures relating to the charivs ability to continue as a going concern need to be made in the financial statements. DoGusign Envelope ID." 18705AOD4A79457F-94BF-25587D6844CC Grants and donations 17. All grants. donations and other income, the receipt of which is subject to specific terms or conditions, have been notified to you. There have been no breaches of terms or conditions in the application of such income. There were no specified restrictions on income received in the year. Your5 faithfully Do¢uS*Mdtsy'. .￿A￿lE?&￿?4.LQ....................................................................................................... Signed on behalf of the board of Trustees Date 3011212024