– Lavy Charitable Trust Annual Report 5.4.2023
Background
The charity was registered with the Charities Commission on 2.8.2022 and the deed was amended on 5.8.2022. The registration number is 1199991.
Objects
The objects of the Charity (“the objects”) are to make grants:
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(a) To advance the Christian faith for the benefit of the public by supporting Christian ministry anywhere in the world.
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(b) To relieve sickness and preserve health for the benefit of the public anywhere in the world by supporting medical and surgical treatment and training.
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(c) To relieve poverty and financial hardship for the benefit of the public anywhere in the world by supporting the provision of education, training, healthcare projects and all the necessary support designed to enable individuals to generate a sustainable income and be self-sufficient.
Activities
As the Trust was only started in August 2022 this report only covers the first 8 months. During this time a total of £154,836 unrestricted funds were donated. Of this £24,817 was donated after the tragic death in January 2023 of Jonathan Lavy, son of two of the Trustees. In addition investments of £100,000 with Investment managers Redmayne Bentley were donated to the Trust by The Buckingham Trust, a registered Charity with aligned objects, that is planning to close down.
One of the donors required that the Trust had a safeguarding policy. Accordingly this was prepared and agreed by the Trustees.
Donations/Grants were given by the Trust to Christian and medical activities in alignment with the objects of the Trust. The key recipients of support are St Andrews Church Oxford, The Christian Medical Fellowship, Christians in Sport, and Care for the Family.
Proposed Activities for 2023-2024
The funds donated on behalf of the late Jonathan Lavy will be used for the training of a nurse and two doctors in Malawi. Trusted colleagues in Malawi report that the cost of a nurse training over three years is £5,000 and the cost of a medical doctor £10,000 over 5 or 6 years. Plans will be made with relevant training institutions for the Trust to support such training and details including accountability governance and reporting will be reviewed by trustees when these are available before any funding is agreed.
Support to St Andrews Church Oxford, The Christian Medical Fellowship, Christians in Sport, and Care for the Family will continue if funds permit. One specific area that will be looked into will be helping St Andrews church to house essential staff as accommodation in Oxford is expensive.
Signed Chris Lavy (Chair of Trustees)
| Charity Name Lavy Charitable Trust |
Charity Name Lavy Charitable Trust |
Charity Name Lavy Charitable Trust |
Charity Name Lavy Charitable Trust |
CC16a | |
|---|---|---|---|---|---|
| For the period from |
Period start date 2.8.2022 |
To | |||
| Section A Receipts and payments | |||||
| A1 Receipts Donations andgifts 154,836 - - - - - 154,836 - - Sub total - Total receipts 154,836 A3 Payments Contributions to UK entities 43,475 Contributions to Overseas entities - Administrative expenses 606 Other costs - - - - - - Sub total 44,081 76,100 - Sub total 76,100 Total payments 120,181 Net of receipts/(payments) 34,655 A5 Transfers between funds - A6 Cash funds last year end - Cash funds this year end 34,655 Unrestricted funds to the nearest £ Sub total(Gross income for AR) A2 Asset and investment sales, (see table). A4 Asset and investment purchases, (see table) Charities Aid foundation/Flagstone investments |
to the nearest £ Restricted funds |
to the nearest £ Endowment funds |
Total funds to the nearest £ |
Last year to the nearest £ |
|
| - - - - - - - |
- - - - - - - |
154,836 - - - - - 154,836 |
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| - | |||||
| - | |||||
| - | |||||
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| - | |||||
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| 154,836 | |||||
| - | - | - | |||
| - - - - - - - - - - |
- - - - - - - - - - |
43,475 - 606 - - - - - - 44,081 |
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| - - - |
- - - |
76,100 - 76,100 |
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| - | |||||
| - | - | 120,181 | - | ||
| - - - - |
- - - - |
34,655 - - 34,655 |
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| - | |||||
| - | |||||
| - |
Section B Statement of assets and liabilities at the end of the period
| Categories B1 Cash funds B2 Other monetary assets B3 Investment assets B5 Liabilities B4 Assets retained for the charity’s own use Signed by one or two trustees on behalf of all the trustees |
Details Details Details CAF/Flagstone investments Details Details None Signature #VALUE! Total cash funds (agree balances with receipts and payments account(s)) |
to nearest £ to nearest £ 34,655 - - - - - 34,655 - OK OK to nearest £ to nearest £ - - - - - - - - - - - - Cost (optional) unrestricted 76,100 - - - - Cost (optional) - - - - - - - - - - - - - - Print Name Chris Lavy Unrestricted funds Restricted funds Unrestricted funds Restricted funds Fund to which asset belongs Fund to which asset belongs Fund to which liability relates Amount due (optional) |
to nearest £ Endowment funds |
|---|---|---|---|
| - | |||
| - | |||
| - | |||
| - | |||
| OK | |||
| to nearest £ Endowment funds |
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| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
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| Current value (optional) |
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| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
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| Date of approval |
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| #VALUE! | Chris Lavy | 11.11.2023 | |
EXAMINER’S REPORT to the TRUSTEES of the LAVY CHARITABLE TRUST
I report to the trustees on my examination of the accounts of the Lavy Charitable Trust (the Trust) for the year ended 5 April 2023.
Responsibilities and basis of report
As the charity trustees of the Trust 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 Trust’s accounts carried out under section 145 of the 2011 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 Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.
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:
Name: Bruno Delacave, ACA Relevant professional qualification or membership of professional bodies: ICAEW Address: 4 Beaulieu Court, Sunningwell, Oxfordshire, OX13 6RQ Date: 22 November 2023