SIR JOHN AND LADY AMORY'S CHARITABLE TRUST ACCOUNTS YEAR ENDED S APRIL 2024 Contents Page Tntstees, Eeport- Reference and administration details Trustees, Tcport- Narrative section Independent ¢xamiDer'$ r¢port Receipts and payments account Statement of assets and liabilities
SIR JOHN AND LADY AMORY'S CIIARITABLE TRUST REFERENCE AND ADMINISTRATION DETAILS Charity name Sir John and Lady Amory'5 Charitable TnL8t Registered charity number 203970 Charity's prRD¢lpAI %ddres$ Thelsland Lowman Green TivpJton Devon EX16 4LA Trustees Sir lan Heathcoat Amory, Bt Lady Heathcoat Amory Mr William Francis Heathcoat Amory Independent examiner Mrs M Hutehings Apsleys LLP 21 BamptOD Street Tiverton Devon EX16 6AA
SIR JOHN AND LADY AMORY'S CIiARITABLE TRUST TRUSTEES REPORT OBJECTIVES AND ACTIVJTIES Summary of the objects ofthe ehgrity set out in it$ governing doeument kny cbaritable Puose5 (at the trustees. discretion). The tn]stees believ¢ the objectives of the trust are to 5UPPOrt any institution whose purpose is wholly charitable and in¢Jividuals in parti¢ulai need, with primary Concern to benefit thc inhabitants of the county of Devon and to assist the poor or aged and io advance education. Summary of the mgin activities in relation to these objectives The ttust JDeets its objectives by following a general policy of di5tiibuting the knjst's in¢ome whilst maintsiniD8 the substallee of the ttut's investjnents to enlarge its gtant-giving potential. Policy on grant maklnE The trustees invite, or respond , applications from a wide variety of establL5hed charities or groups promoting charitable caus¢s. Their preferenee is to SUPEK)rt smaller group5, mostly in ihe soutli west of Englaad, which do not have access to sophistscated fund raising caTnpaIS and on which a relatively small donation may have a significant effect. In this manner thc aims of the charity are for the public benefit. The trustees have had due iegard to guidance published by the Charity Commission on public benefil. ACHIEVEMENTS AND PERFORMANCE Summary of the main Achievement$ of the charlty during the year The charity has continued to run steadily. making donations out of investment income to local institution5 a1 individuals. During the y¢ar the charity made donation$ of £64,803 {2023.. £62,939). Donations of £5.(M)O or more.. Blundell's School £10259 FINANCIAL REVIEW Policy on reseryes It is the policy of the trust to maintain sufficient reserves meet its cornmitments to grants awarded but not yct paid and to 8]ntain th¢ twst's grant-gkNillgpotential in real tenns. Investment polity The trnsi employ5 Raihbone Investmeni Management Ltd io manage m05t of its investtnent portfolio. Th¢ remainder of the portfolio 15 invested in companies in the county of Devon. Out-turn Investment incozne for the year was £72,95112023.' £67,367) representirtg a 2.50h reM (2023.. 2.4%) on the market value of th¢ portfolio at the beginning of the year. At the year end the market value of investment$ held was £2.872,052 (2023: £2.751,709).
SIR JOHN ATr4D LADY AMORY'S CIL4RrrABLE TRUST TRUSTEES REPORT STRUCTURE. GOVERNATICE AND MANAGEMENT Type of governlng document Twst Deed dated 10 November 1961 How the charity Rs Constituted Trust Trustee selection method The minimum numbcr of trustee5 required 10 administer the tharity ts three. However ttvo trustees may administer the charity provided the vacancy is fill¢d as soon as possible. ApFointment is by the cxtsting trustees under statOry powers. Trustees eon$ideratlon of ri$ks The tn]stees have examined the rnajor strategic, business and operational risks which the tnr face5 and confimi Ihat systems have been established to less¢n those Tisks. OTHER INFORMATION Admirtistration Rathbone Investment Managemeni Ltd manage the investment portfolio and Lowman Manufacturing Co Ltd rnanagc the day to day administration. The trustees detem)ine io whorn the donations are paid by reviewing requests for donaiions. Signed on behalf of the Trustees Sir Ian Heathcoat Amory Date'.31,ii.w
ID4DEPEf4DENT EL4MINER'S REPORT TO TIIE TRUSTEES OF SIR JOHN AND LADY AMORY'S CHAIUTABLE TRUST I report ro the trvstees on my examination of the accounts of the Tmst for the yearended 5 April 2024 which atc set out on pages 5 to 6 Responsibilitie$ 4nd basis of report As (he trustees of the Trust you are resrK)nsible for th¢ preparation of the acetsunts in accordance wilh the r¢quir¢ments of the Charffities Acl 2011 ('the Act.). I report in respect of my ¢xamitMtion of the charity's accounts carried out Under sectioll 145 of the Aot and iD C21rying out my examination I have followed all the applicable Directsons given by the Charity Cornmis5ion undcr section 145(5)(bl of the Act. Independent eAaminer'$ statement I have completed my examination. I confirm that no tnaterial mattets have come to my attention in conne¢tioM with the examination giving me cau5C to believe that in any material respect.. accounting records wcre not kept in respect of the charity as required by section 130 of the Act. or the accounts do not accord with those rc¢ords I have no concerns and have comc acios5 no other maiter5 in conneeiion with the examination to which attention should be drawn in this report in order to enable a proper undetstonding of the accounts to be rcached. Mrs M Hutchings Apsleys LLP Chartered AccouRtants 21 Bampton Street Tiverton X16 6AA Date:
SIR JOHN AND IADY AMORY'S CHARITABLE TRUST RECEIPTS AND PAYMENTS ACCOUNT YEAR TO S APRIL 2024 2024 2023 RECEIFrs Income receipts Dividends and interest from inveslments 72,951 72.951 675,695 748.646 67,367 67,367 1.041,156 1,108.523 Proceed5 from the sale of investTnent asset$ Total receipts for the year PAYMENrs Dirett charitabl¢ expenditure Donations made to charitablc and other insi1tiOnS Donations made to individuals Man2g¢ment and 2dmini5tr2tion Management charges Exchange rate movement 62,884 1.919 62,339 600 13.042 9,874 115,037) 57,776 77.845 683,957 761,802 113,1561 110.485 97,329 Purchose ofassets heId for investment purposes 1,173.967 165.444) 175,929 110,485 Net receipts (payments} Cash funds at 5 April 2023 Cash funds a15 Aprll 2024
SIR JOHN LADY AMORY'S CHARITABLE TRUST STATEMENI. OF ASSEI TS AND LIABILITIES AT S APRIL 2024 MONETARY ASSETS Cash funds Bank account Brokers income account Brokcrs capital a0t 48,899 6.969 41,461 97.329 42.637 5,819 62,029 110.485 Investments at mgrket value Listed Investm¢nls Unlisied investment5 2,661.150 210,902 2,872,052 2,520,324 231,385 2 751709 Debtors Tax repayment Aggregate monetary gssets less liabilities 2,969,381 2.862.194 Approved by the trustees on ........... and Sied on theirbehalf by= Slr Ian Heath¢o4t Amory