## **Love Family Charitable Trust (Registered Charity: 1206252)** ## **Annual General Meeting (AGM) Minutes 2024-2025** Date: 06/08/2025 Time: 2pm Location: 19 Ashdale Park, Finchampstead, Wokingham, RG40 3QS ## **1. Welcome & Attendance** Present: - Richard Love – Chair / Trustee - Susan Love – Treasurer / Trustee Apologies: None ## **2. Approval of Previous AGM Minutes** This was the 1[st] AGM since the foundation of the charity, so no prior Minutes were approved ## **3. Chair’s Report** In the 1[st] year that charity has not been particularly active due to external factors (house flooding & some health challenges). The charity has now registered the Metro bank card and started to make some small donations (<£200 each) to charitable fund-raising activities, via online sites (Just Giving etc). We have also moved some regular charitable Direct Debits such as Mityana (Charity number: 1064825) from personal payments to the charity account, and will do so for other charities we already support. The Love Family Charitable Trust has received and continues to receive a number of written applications from charities of different sizes, and we will institute a new regular and formal bi-monthly or quarterly review process, to select those we wish to support. ## **4. Treasurer’s Report** Total income for the year: £5,000 initial cash transfer from personal funds. (Metro Bank Cash holding) to open charitable account at Metro Bank. £106,383 initial value of (Microsoft) stock sold to fund charities longer term investments. (7IM holding these investments ongoing, will be drawn on to fund Metrobank cash account as charity giving requires) ## **Total Funding introduced: £111,387** Page | 1 ## **Expenditure: Inception to End Tax Year 24-25** No Charitable Donations made Official Accounts reviewed and approved (Lefevre Chartered Accountants Funds carried forward **£109,997** ## **Expenditure: Year 25-26 (will be included in complete final accounts for that year)** Charitable Donations to date of AGM: £ 496,50 No other costs, other than standard investment platform fees. Closing Metro bank balance: £ 4,503.50 as of 06/08/2025 Closing Investment Balance £116,519 as of 06/08/2025 ## **Overall total value of accounts: £121,022** ## **5. Appointment / Reappointment of Trustees** - Richard Love agreed to continue as Chair. - Susan Love agreed to continue as Treasurer. - No changes to trustee appointments. ## **6. Plans for the Year Ahead** The charity plans to be more active in supporting charity applications, and to ensure that not less than 10% of its current funds (~£121,000 x 10% = £12,000) are distributed in FY25-26 to worthy causes applying for support. ## **7. Any Other Business (AOB)** [No other matters discussed] ## **8. Meeting Closed** Time: 3.15pm Signed: Chair / Trustee – Richard Love – Date: 12/08/2025 Signed: Treasurer / Trustee – Susan Love – Date: 12/08/2025 Page | 2 THE LOVE FAMILY CHARITABLE TrL15T Charlty Number 1206252 S Aprfl 2025 Page I THE LOVE FAMILY CHARITA8L£ TRUST TRUSTEES. ANNUAL REPORT Forthe year entsl 5 Awbl 2025 Oblecilves aml Acll¥lUts frythe Publk Benefft The charlty benefrts such charitable p￿r[￿SeS, tharitable institutions or charitsble foundations in such proportions as the Trustees shall in their absolute dIKretl(￿ think frt. tt is a grant making charity and the Trustees seek their own causes to 5upporL The Trustees confirm that they have referred to the guidance contsined in the Charlty Commlsslon's general guidance on publlc benefft when revlewln8 the Trusvs aims and objectives and In planning future actlvities and settlng the grant maWn8 policy for the year. The Trust carrfes out these objerts and activities by makln8 grant5 to registered charities and educational Instttutknis which have charitable status withln the Unlted Kln8dom. Slructurej governance and mana8ement The charlty was constituted by deed dated 19 June 2023. The Trustees are appointed wlth the consent of and by deed executed by all current trustees. R•l•r•nce and admI￿str￿ d•tsl The Charity is called The Love Famlly Charltsbte TrusL It does not go under any other name. Its charlty re8lstration number Is 1206252. Its reslstered office Is at 19 Ashdale Parl Finchampstead. Woklngham RG40 3Q5. The Trustees on the date the report was approved or who ser¥ed as • trustee in the reportln8 perlod were: Mr Rl¢hard Love Mrs Susan Love Rlsk The Trustees identlfy rfsk In relatlon to the Investments aNI tske appropriate action to minimise the flnancial effert of that rfsk. Publlc Benefft St•tsm•nt The Trustees are very mindful of thls obllgation and have been referring to the guidance when revlewSng our alm5 and objectives and In planning our fLrture artivitle5. Page 2 THE LOVE FAMILY CHARITABLE TRusr TRusfEES' ANNUAL REPORT Forthe year ended 5 April 2025 Statement of Tn￿ees, Responslbllltles The Trustees are required to prepare finandal ststements for each financial year, which w've a true and fair view of the state of affalrs of the Charity and of the income and expenditisre for the year. In preparing th05e finan¢lal statement5. the Trustees are requlred to: - select suitable accountlng polkles and then app￿ them consisten￿. - observe the methods and princlples In the Charftles SORP- make judgements and estimates that are reasonable and prudefit; prepare the flnanclal statements on the going concern basis unless tt is inapproprlate to P￿￿rne that the charlty wlll contSnue In operational exlstence. and - state whether applicable accountln8 Standard5 and ststements of recommended practlce have been followed, subject to any departures disclosed in the financial ststements. The Trustee5 are responsible for keeping proper accountlng records whlch disclose with ￿aSonable accuracy at any tlme the financial posltlon of the charlty and to enable them to ensure that the flnanclal statements comply wlth the Charlties Act 2011, the Charity (Accounts and Reportsl Re8ulations 2c#J8 and the provision of the trust deed. They are also responslble for ￿fegUardIng the assets of the charity and hence for taklng reasonable step5 for the preventlon and detertion of fraud and other irregularltie5. Appro¥•d by the Trust¢¢s and $l￿d on thdr I￿h•ll br. Rlchard Love- Trustee 8 December 2025 Page 3 Independent Exan￿$ Report to The Love F•mlly Ch•rltable Trt￿t I report to the trustees on my examination of the accounts of The Love Family Charltable Trust for the year ended 5 April 2025. Responsibilitles and basls of repwt As the charity trustees of The Love Family Charitsble Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111.the Arfl. I report in respert of my examination of The Love Fam1￿ Charitsble Trust accounts carrfed out under sertion 145 of the 2011 Act and in carryin8 Out my examination I have followed all the appllcablè Olrectlons glven by the Charlty Commission under Section 14515llbl of the Art. Ind•p•nd•nt •￿mI￿*S st•teffl I have completed my examlnatlon. I confirm that no material matters have come to my attentlon In connection with the examlnation 8r¥in8 me cause to believe that in any materlal respect.. l. accountin8 records wère not kept In respect of The Love Famlty Charltsbbe Trust as requlred by section 130 of the Act; or 2. the accounts do not accord wlth those records: or 3. the accounts do not compty w￿h the appllcable requlrements concernlng the fom) and content of accounts set out In the Charlties (Accounts and Reportsl Regul*ions 2￿8 other than any requlrement that the accounts 86ve a'true and falr TAew whlch Is not a matter consldered as part of an Independent examinatlon. I have no concerns and have come acros5 no other matters In connertlon wlth the examlnation to which attention should be drawn in thls report In order to enable a proper understanding of the accounts to be reached. Ellen Lefevre FCA CTA TEP 8 December 2025 Lefevres Chartered Accountants 24 Bell Lane Blackwater Camberley GU17 ONW Page 4 ThE LOVE FAMILY &w￿A￿LETRlISr STATEMENTOF F114ANCLALACTrrtnES Donatlon$ and le8a¢les Irwe5tment Income 111387 473 111,860 ExwndI￿rn Exp•ndltur• C￿lItab￿ P£tMtI•s: 918 Ttitsl Exp•Trthrn 918 Net Balnson lTh¥e5tments 14•t Inom• I•¥Pw￿l1￿￿•j Oth•ry[n￿l1DI￿l Net mov•mint kn funds R•¢onclll•tlon of funth 109,997 Total funds brou8htforward T•tsl lunth &Yrf•d IoThAwd 1(8.997 The notes form wtI￿the￿nandal gtatements IHE LOVE FAMIIYCItARITABiETAU57 as•t5W2025 as •tS 4w 7D25 Investments 101517 Curr•rtA55•ts C8sh at bank and In hand Attruod In¢ome 7.941 Lfabllldm: Credltois: Amounts falllw due ¥Athln one year Totsl net *M•ts 109.997 Funth Unrestricted fvnd 109,997 The accomp•nyln8 note5 frym an knteer•l 91th￿ balance sh•*t These ftnarK4al sta Thts w•r• Ipwo￿d by thèTru#ees•rrfl s*nwl on thelr beh•ll *. 8 December 2025 LcA£ 8 December 2025 ThE LOVE FAMILYCHARtfABLE TRUST Notes ttsthe Hnandal Statements lorthejwended S Aprll 2025 I ACcouhttl￿ Polkl•s 1.1 Bas15 of Ac(ountl -ll_LLllllll.IILJII. ese un transactlon value unle55 Qthemse stated in the fele4ant notelsl tothese acrounts. or The financlal Statel￿ntS been prepared In accordance wlth the Statement of Recommended Practke: Accountlng and Reportlng by Charitles preparin8 their accourts in accordance wfjth ihe Flnanclal Reporting Standard appllcable In the UK and Republlc of Ireland IFRS 1021 •nd wlth the Charrtles Acl 2011. The eharlty constfjtutes a publk benefft entity as defined by FRS 102. 1.2 Golni c¢nc*rn The accounts are prepared on a ￿1r￿c¢M￿ern b•slL The accounts present a true and falrvlthv and the a¢¢oUnt1￿ pdklesadopted are those outllned In note 1.1. No changes to accountln8 estlmates have ¢Kcurred In the report5n8 perlod13.46 FRS 102 SORPI. 3 Inwnw exp•ndltsw• IrKome and expendlture Is stated 8ross and 55 accountd for on an xcruals basls. 4 Cr•dltor% and pro¥lslons Credltor5 and pr(Nlsions are recogn15Èd where thetharlty ha5 a bYes*rt oblleatlon re5ukir¥from a past event 5 Inw5trn•At Int¢)m Oivldends and other Investment Intome 473 473 6 thorltablo Grantstt> In5tllukn% IAII pald from UnrestTiCted IbKomel No grants were paid during the year counta Brokerfees 438 918 The Charlty had no èmployees dur1￿ the Totsl Ch•rftsbl• Actlblu 918 quot unlttrusts Market value on 6 Aprll 2024 Additlorb5 Ot ¢ost Dlsposal proceeds Realised •nd unreallsed 8alns11055e5 105,667 12.2061 Market value on SAprll 2025 101517 Bre•kdty*r4 012024nS *MIIoM Unrealised GainllLossl on revaluation of In¥estffl￿ts Roallsed 4alns1110$9*51 on Investments 11,0581 114 19441 9 Cash al D•nk Cash at bank 7.941 10 Cr•dlt¢ Accountsn¢y Pa8e 8