Charity no: 210563
EVA RECKITT TRUST FUND
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
EVA RECKITT TRUST FUND
| CONTENTS | |
|---|---|
| Page | |
| Legal and Administrative Information | 3 |
| Trustees’ Annual Report | 4 - 7 |
| Independent Examiner’s Report | 8 |
| Statement of Financial Activities | 9 - 10 |
| Balance Sheet | 11 |
| Notes to the Financial Statements | 12 -21 |
| Appendix A, Details of the Larger Grants Made | 22 |
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EVA RECKITT TRUST FUND
Legal and Administrative Information
The Trust was established under a declaration of Trust dated 16 May 1940
Charity Commission Registration number: 210563
The Trustees are appointed by the Trustees in accordance with Clause 19 of the Trust Deed dated 16 May 1940
dated 16 May 1940 |
|
|---|---|
| Manager | David Birch |
| Principal Address | 44 Hambidge Lane |
| Lechlade | |
| Glos. GL7 3BL | |
| Bankers | CAF Bank |
| 25 Kings Hill Avenue | |
| Kings Hill | |
| West Malling | |
| Kent ME19 4JQ | |
| Investment Managers | CCLA |
| Senator House | |
| 85 Queen Victoria Street | |
| London EC4V 4ET | |
| Independent Examiner | Godfrey Wilson Limited |
| 5thFloor Mariner House | |
| 62 Prince Street | |
| Bristol | |
| BS1 4QD | |
| Trustees | David Birch |
| Anna Bunney | |
| Diana Holliday | |
| Meg Whittaker |
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EVA RECKITT TRUST FUND
Trustees’ Annual Report
The Trustees present their report together with financial statements for the year ended 31 December 2020.
The financial statements comply with the current statutory requirements, the Trust Deed, the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities (effective January 2019).
The financial statements have been prepared on a historic cost basis with the exception of investments which are valued at the date of the balance sheet.
Objects of the Charity
The Eva Reckitt Trust Fund was established under a declaration of Trust dated 16[th] May 1940 with the following objects:
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a. The relief of poverty amongst persons who have been in the service of the family of the founder.
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b. The publication and distribution of books, papers or periodicals directed towards the extension and development of education amongst the poor and the general betterment of their conditions.
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c. The promotion and encouragement of research into problems affecting the poor and the conditions in which they live.
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d. The relief of poverty and distress amongst persons who suffer as a result of national, international or industrial unrest political or legal injustice tyranny oppression or persecution.
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e. The relief of poverty amongst persons who suffer hardship as a result of war.
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f. The support and encouragement of movements having as their object the betterment and welfare of the poor.
Trustees
David Birch Anna Bunney Diana Holliday Meg Whittaker
Trustees are appointed by the surviving trustees upon the death or retirement of a trustee in accordance with Clause 19 of the 1940 Trust Deed as modified by the 1959 Deed of Variation. Each trustee may nominate a replacement trustee who then, if not already known to the other
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trustees, attends several trustees’ meetings as an ex officio member, and then the trustees decide on whether to appoint the proposed person as a trustee.
Responsibilities of the Trustees
The Trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the Trustees are to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and the incoming resources and application of resources, including the net income or expenditure, of the charity for the year. In preparing those financial statements the Trustees are required to:
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Select suitable accounting policies and then apply them consistently;
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Observe the methods and principles in the applicable Charities SORP;
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Make judgements and accounting estimates that are reasonable and prudent;
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State whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; and
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the constitution. The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
The Trustees are members of the Charity, but this entitles them only to voting rights. The Trustees have no beneficial interest in the charity. The Trustees are responsible for making grants from the Trust funds in conformity with the Trust’s objects given above.
Activities for the Public Benefit
The Trustees have continued to make grants within the objects of the Charity as stated above. A list of the 49 grants made during 2020 is included on pages 18 and 19 and details of the 3 largest grants, which amount to 33% of the total grants given in 2020, are given in Appendix A.
The Objects of the Trust are given above. The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on Public Benefit when
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reviewing the Trust’s aims and objectives and in planning future activities and setting the grant making policy for the year.
The Trustees meet, usually quarterly, to discuss and agree matters affecting the Trust including its investments, financial statements and agree to make grants within the objects stated above. The Trustees also try and meet with a few of the main organisations that the Trust is helping to finance each year.
Requests for grants from the Trust are received in three main ways:
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Unsolicited requests from other charities and individuals, largely arising from the Trust’s entry in the Charity Commissioner’s web site and the Directory of Grant Giving Trusts.
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The Trust has supported a number of charities for a considerable period of years and requests are received from these for further funds.
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The Trustees themselves each have particular interests and are proactive between meetings in contacting organisations and charities within their areas of interest to see whether the trust can help such organisations.
At each of the meetings of the Trustees requests are considered and a unanimous decision reached as to which to support and how much grant to give each organisation.
The Trustees have a policy of generally not providing funds directly to individuals. This is because the trustees do not have the resources to check the bona fides of such cases or to monitor the use of such grants. The exception to this is where individuals are known to the Trustees or contacts of the Trustees and whose requests comply with one of the Trust’s objectives. The Trust does however support individual cases through other charities which are able to monitor the use of the funds.
Review of Financial Position
The financial statements for the year ended 31 December 2020 show an increase of expenditure over income of £21,546. After allowing for realised and unrealised gains on investments of £55,010 funds have increased by £33,464 in the year.
Reserves Policy
The Trust’s investments are unrestricted. The Trust’s investments are held in selected funds by CCLA Investment Management Limited (Registered in England No. 2183088). The funds are selected to achieve a balance between capital appreciation/depreciation and income. The Trustees as a grant making trust hold the reserves to provide income for grants and the withdrawal of capital to enable them to distribute an annual level of grants which provide for the sustainable continuation of the Trust and which currently is considered to be about £50k. CCLA investments are highly ethical, one of the key reasons that the Eva Reckitt Trust has chosen CCLA for its investments.
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Risk Assessment
The Trustees have reviewed the major risks to which the Trust is exposed and are satisfied that systems are in place to mitigate the exposure to these risks.
For many charities the COVID-19 pandemic has been a major issue. However, for us CCLA have continued to perform well, with our investments maintaining their value between the beginning of the year and end June and our income from investments continues to hold up to similar levels as last year. Moreover, since we only spend what we earn from our income and some sales of increasing capital above inflation, COVID-19 is not a risk to us and we are well able to continue as a going concern.
Investments
The Trust holds its investments in several Funds held by CCLA. CCLA are specialist investment managers for charities, faith organisations, and local authorities that provide a range of funds designed specifically for charities and which is owned entirely by its charity, faith and local authority clients and managed exclusively for their benefit. CCLA Investment Management Limited is authorised and regulated by the Financial Services Authority.
The Trustees have arranged for CCLA to transfer the income from the investments held by CCLA quarterly to the Trust’s current account for use in paying out as grants and expenses.
Approved by the Trustees on 16[th] August 2021 and signed on their behalf by
David Birch Manager and Trustee
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THE EVA RECKITT TRUST FUND
INDEPENDENT EXAMINER’S REPORT ON THE FINANCIAL STATEMENTS
I report to the trustees on my examination of the accounts of the Eva Reckitt Trust Fund for the year ended 31 December 2020, as set out on pages 9 to 21.
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.
William Guy Blake
William Guy Blake ACA For and on behalf of: Godfrey Wilson Limited 5[th] Floor Mariner House Prince Street Bristol BS1 4QD
Date: 18[th] August 2021
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EVA RECKITT TRUST FUND
Statement of Financial Activities for the Year Ended 31 December 2020
| Note Income from: Investments Donations Total income Expenditure on: Charitable activities 4 Total expenditure Net income/(expenditure) before gains and losses Net gains/(losses) on investment assets: Realised Unrealised Net movement in funds Reconciliation of funds: Fund balances brought forward Fund balances carried forward 7 |
2020 Unrestricted Funds 2020 Restricted Funds 2020 Total Funds £ £ £ 34,220 0 34,220 0 9,864 9,864 |
|---|---|
| 34,220 9,864 44,084 |
|
| 55,766 9,864 65,630 |
|
| 55,766 9,864 65,630 |
|
| (21,546) 0 (21,546) 64 0 64 54,946 0 54,946 |
|
| 33,464 0 33,464 919,158 200 919,358 |
|
| 952,622 200 952,822 |
All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 7 to the accounts.
9
EVA RECKITT TRUST FUND
Statement of Financial Activities for the Year Ended 31 December 2019 (Prior Period)
| Note Income from: Investments Donations Total income Expenditure on: Charitable activities 4 Total expenditure Net income/(expenditure) before gains and losses Net gains/(losses) on investment assets: Realised Unrealised Net movement in funds Reconciliation of funds: Fund balances brought forward Fund balances carried forward 7 |
2019 Unrestricted Funds 2019 Restricted Funds 2019 Total Funds £ £ £ 36,583 0 36,583 0 0 0 |
|---|---|
| 36,583 0 36,583 |
|
| 44,500 40 44,540 |
|
| 44,500 40 44,540 |
|
| (7,917) (40) (7,957) 890 0 890 90,416 0 90,416 |
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| 83,389 (40) 83,349 835,769 240 836,009 |
|
| 919,158 200 919,358 |
10
EVA RECKITT TRUST FUND
Balance Sheet as at 31 December 2020
| Notes | 2020 |
2019 | ||||||
|---|---|---|---|---|---|---|---|---|
| £ | £ | £ | £ | |||||
| FIXED ASSETS | ||||||||
| Investments | 5 | 952,465 | 912,455 | |||||
| CURRENT ASSETS | ||||||||
| Cash at Bank: | ||||||||
| Current Account | 844 | 2,342 | ||||||
| COIF Charities Deposit | 233 | 5,233 | ||||||
| 1,077 | 7,575 | |||||||
| CURRENT LIABILITIES | ||||||||
| Creditors - amount falling | ||||||||
| due within 1 year: | ||||||||
| Accountancy and Examiner's | ||||||||
| Fees | (720) | (672) | ||||||
| (720) | (672) | |||||||
| Net Current Assets | 357 | 6,903 | ||||||
| NET ASSETS | 8 | 952,822 | 919,358 | |||||
| Represented by: | ||||||||
| Restricted Funds | 200 | 200 | ||||||
| Unrestricted Funds | 952,622 | 919,158 | ||||||
| TOTAL CHARITY FUNDS | 952,822 | 919,358 | ||||||
| Approved by the Trustees on 16th | August | 2021 and signed on their behalf by |
David Birch Manager and Trustee
11
EVA RECKITT TRUST FUND
Notes to the Financial Statements for the Year Ended 31 December 2020
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Accounting Policies
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a. Basis of accounting
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
Eva Reckitt Trust Fund meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
- b. Going concern basis of accounting
The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves. The trustees considered the impact of the COVID-19 pandemic when assessing going concern. The trustees concluded that the charity was a going concern as it only spends what is earned from the investments. The trustees reviewed the investments and noted that they had maintained their value between the start of the year and the end of June and income has been similar to the prior year. Therefore, the trustees believe there are no material uncertainties about the charity's ability to continue as a going concern.
- c. Funds accounting
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.
- d. Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Investment income is recorded when receivable and deemed unrestricted and available for distribution.
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EVA RECKITT TRUST FUND Notes to the Financial Statements (Cont’d) for the Year Ended 31 December 2020
- e. Expenditure and grants payable
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Expenditure on grants is recorded once the charity has made an unconditional commitment to pay the grant and this is communicated to the beneficiary or the grant has been paid, whichever is earlier.
f. Support and governance costs
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity’s activities. These costs have been allocated in full to the charitable activities on the basis that all resources and time are spent in this area. No significant resources are directed towards raising funds.
- g. Investments
Investments are stated at market value at the balance sheet date. Realised and unrealised investment gains and losses that are made during the year are reflected in the Statement of Financial Activities. The types of investment are shown at note 5.
h. Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
- i. Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
- j. Creditors
Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.
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EVA RECKITT TRUST FUND Notes to the Financial Statements (Cont’d) for the Year Ended 31 December 2020
k. Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
- l. Accounting estimates and key judgements
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below.
Asset valuation
As described in note 1(g) to the financial statements, investments are stated at market value at the balance sheet date.
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EVA RECKITT TRUST FUND Notes to the Financial Statements (Cont’d) for the Year Ended 31 December 2020
2. Employees
The Trust has no employees.
During the year, 4 trustees were paid fees totalling £400 (2019 £400, 4 trustees) as permitted by the charity’s Trust Deed. The trustees also received reimbursed expenses totalling £151 (2019 £363, 4 trustees), related to travel and subsistence.
3. Related party transactions
There were no related party transactions during the year other than those disclosed in Note 2.
4. Total expenditure
| Grant payable (see note 6) Administration and management: Insurance Trustees’ fees and expenses Independent examiners fees Bank charges Sub-total Reallocation of support and governance costs Total Expenditure |
Charitable activities £ Support & governance costs £ 2020 Total £ 63,864 0 63,864 0 210 210 0 551 551 0 720 720 0 285 285 |
|---|---|
| 63,864 1,766 65,630 1,766 (1,766) 0 |
|
| 65,630 0 65,630 |
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EVA RECKITT TRUST FUND Notes to the Financial Statements (Cont’d) for the Year Ended 31 December 2020
4. Total expenditure (continued)
| Prior period comparative: Grant payable (see note 6) Administration and management: Trustees’ fees and expenses Independent examiners fees Bank charges Sub-total Reallocation of support & governance costs Total Expenditure |
Charitable activities £ Support & governance costs £ 2019 Total £ 42,885 0 42,885 0 763 763 0 672 672 0 220 220 |
|---|---|
| 42,885 1,655 44,540 1,655 (1,655) 0 |
|
| 44,540 0 44,540 |
Governance costs for the year were £1,766 (2019: £1,655).
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EVA RECKITT TRUST FUND Notes to the Financial Statements (Cont’d) for the Year Ended 31 December 2020
| 5. | Investments | ||
|---|---|---|---|
| Holding | Value | ||
| £ | |||
| COIF Charities Ethical Investment Fund | 108,777.18 | 300,029 | |
| COIF Global Equity Fund | 136,354.26 | 336,536 | |
| COIF Charities Property Fund | 285,520.69 | 315,900 | |
| 952,465 | |||
| Summary: | |||
| The Movement in Market Value in the year was: | |||
| Market value at 1 January 2020 | 912,455 | ||
| Disposals proceeds | (15,000) | ||
| Realised gain / (loss) during the year | 64 | ||
| Unrealised gain / (loss) during the year | 54,946 | ||
| Market value at 31 December 2020 | 952,465 | ||
| Historical cost of these investments £606,143 |
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EVA RECKITT TRUST FUND Notes to the Financial Statements (Cont’d) for the Year Ended 31 December 2020
6. Grants payable to institutions
Notes
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(1) See further description in Appendix A
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(2) Co-financed with Halcrow Foundation
| Notes (1) See further description in Appendix A (2) Co-financed with Halcrow Foundation |
|
|---|---|
| Object A | |
| Nil | |
| Object B | |
| Nil | |
| Object C | |
| Salt of the Earth | £1,000 |
| Sudden Productions | £1,000 |
| Book Aid | £750 |
| Object D | |
| Peace Brigades International | £1,000 |
| Justice4Grenfell | £1,000 |
| Equality in Tourism (1)(2) | £13,364 |
| Prisoners of Conscience | £1,000 |
| Helen Bamber Foundation | £2,500 |
| Rural Refugee Network | £1,000 |
| Peace Brigades UK | £1,000 |
| Centre for Legal Aid A and S | £1,000 |
| The Bhopal Medical Appeal | £1,000 |
| Children Change Columbia | £1,000 |
| Minority Rights Group | £1,000 |
| Food Blessed | £1,000 |
| Anti Slavery | £1,000 |
| Refugee Action | £1,000 |
| Food Blessed, Lebanon | £750 |
| Anti Racism Movement for Emergency Relief, Lebanon | £500 |
| Liban TROC, Lebanon | £250 |
| Canon Collins Education and Legal Assistance | £1,000 |
| Survivors of Torture Relief Fund | £1,000 |
| Children on the Edge | £1,000 |
| Stephen Laurence Trust | £1,000 |
| Refugee Bus | £500 |
| Makhad | £1,000 |
| Carried Forward | £37,614 |
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EVA RECKITT TRUST FUND Notes to the Financial Statements (Cont’d) for the Year Ended 31 December 2020
- Grants payable to institutions (continued)
| Grants payable to institutions (continued) | |
|---|---|
| Brought Forward | £37,614 |
| Object E | |
| The Hands Up Foundation | £500 |
| Kindu Trust | £500 |
| Glenthorne Rest House and Conference Centre | £1,000 |
| Work Aid | £750 |
| Medecins sans Frontiers (1) | £2,000 |
| St John of Jerusalem Eye Hospital | £1,000 |
| Muirhead Outreach Project | £1,000 |
| Object F | |
| Rise and Shine School (1) | £5,500 |
| St Giles Trust | £1,000 |
| Kambia Appeal | £1,000 |
| Help Madina | £1,000 |
| Home from Hospital Care | £1,000 |
| Mustard Tree | £1,000 |
| The Matthew Trust | £750 |
| Map Action | £1,000 |
| York Womens’ Counselling Service | £1,000 |
| Youth Education Services, for Friends of Midnapore | £500 |
| St Joseph’s Hospice, Rawalpindi | £1,000 |
| Navjyoti | £1,000 |
| The Music Works | £750 |
| Chernobyl Children in Need | £1,000 |
| Young Carers Development Trust | £1,000 |
| Crisis | £1,000 |
| Total | £63,864 |
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EVA RECKITT TRUST FUND Notes to the Financial Statements (Cont’d) for the Year Ended 31 December 2020
7. Movements in funds
| Restricted funds Equality in Tourism D Holliday, Samos Volunteers Total restricted funds Unrestricted funds General funds Total funds |
At 1 January 2020 £ Income £ Expenditure £ Gains / losses £ At 31 December 2020 £ 0 200 9,864 0 9,864 0 0 0 0 200 |
|---|---|
| 200 0 0 0 200 919,158 34,220 55,766 55,010 952,622 |
|
| 919,358 44,084 65,630 55,010 952,822 |
Purposes of restricted funds:
The restricted funds for Equality in Tourism and David Holliday/Samos Volunteers arise from donations made to the ERT for these specific projects.
Prior Period
| Prior Period | |
|---|---|
| Restricted funds Seed D Holliday, Samos Volunteers Total restricted funds Unrestricted funds General funds Total funds |
At 1 January 2019 £ Income £ Expenditure £ Gains / losses £ At 31 December 2019 £ 40 0 40 0 0 200 0 0 0 200 |
| 240 0 40 0 200 835,769 36,583 44,500 91,306 919,158 |
|
| 836,009 36,583 44,540 91,306 919,358 |
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EVA RECKITT TRUST FUND Notes to the Financial Statements (Cont’d) for the Year Ended 31 December 2020
8. Net assets between funds
| Investments Current assets Current liabilities Net assets at 31 December 2020 |
Restricted funds £ Unrestricted funds £ Total funds £ 0 952,465 952,465 200 8761,077 0 (720) (720) |
|---|---|
| 200 952,622 952,822 |
Prior period comparative:
| rior period comparative: | |
|---|---|
| Investments Current assets Current liabilities Net assets at 31 December 2019 Financial instruments Financial assets measured at fair value |
Restricted funds £ Unrestricted funds £ Total funds £ 0 912,455 912,455 200 7,375 7,575 0 (672) (672) |
| 200 919,158 919,358 2020 £ 2019 £ 952,465 912,455 |
9. Financial instruments
Financial assets measured at fair value comprise CCLA investments.
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APPENDIX A – DETAILS OF THE LARGER GRANTS MADE
1. Rise and Shine Nursery School (£5,500 object F)
The Rise and Shine Nursery school is situated in one of the poorer areas of Nairobi and the headmaster and the teachers, all working largely on a voluntary basis, provide a good education for some of the poorer students in the area. The school used to comprise tin sheet buildings on rented land, but a number of years ago the ER Trust bought the school a plot of land and helped it to be rebuilt on the land. The ER Trust has continued to support the school to develop and has contributed both for improvements to the school and to help meet the short fall in running costs. This year’s grant was to part cover the initial operating costs of a commercial water purification and bottling plant that the Trust has funded, in order to develop sustainable funding for the school. This project has been co funded by grants to the ERT by the Halcrow Foundation, The Erach and Roshnan Sadri Foundation and the Peter Sorrs Trust. We are most grateful for their support for this project. The development of the project is now complete, and the School started to sell water in 2019, but has been hit by issues relating to covid, hence the need for continuing support.
2. Equality in Tourism (£13,364, object D)
The ERT contributed to Equality in Tourism’s Women Farmers Project in Tanzania which is helping small farmers develop their holdings and develop marketing links with the hotels nearby which serve the tourists visiting Mount Kilimanjaro. This year the Halcrow Foundation co funded the ERT’s support to this Project.
3. Medecins sans Frontiers (£2,000, object E)
The ERT has continued to provide an annual unrestricted grant to Medecins sans Frontiers to assist them with their amazing work in areas devastated by war and natural disasters.
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THE EVA RECKITT TRUST FUND Charity Commission Registration Number 210563
44 Hambidge Lane Lechlade GLOS GL7 3BL 20 August 2021
William Guy Blake ACA Godfrey Wilson Limited Chartered Accountants & Statutory Auditors 5[th] Floor Mariner House 62 Prince Street Bristol BS1 4QD
Dear Guy
Letter of Representations on the Financial Statements for the Year Ended 31 December 2020
We confirm that the following representations are made on the basis of enquiries of the trustees, management and staff with relevant knowledge and experience (and, where appropriate, of inspection of supporting documentation) sufficient to satisfy ourselves that we can properly make each of the following representations to you:
- We have fulfilled our responsibilities as trustees, as set out in the terms of your engagement letter dated 5 July 2021, under the Charities Act 2011 for preparing financial statements, in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
We confirm that in our opinion the financial statements give a true and fair view and in particular that where any additional information must be disclosed in order to give a true and fair view that information has in fact been disclosed. We confirm that the selection and application of the accounting policies used in the preparation of the financial statements are appropriate, and we approve these accounts for the year ended 31 December 2020.
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We confirm that all accounting records have been made available to you for the purpose of your examination, in accordance with your terms of engagement, and that all the transactions undertaken by the charity have been properly reflected and recorded in the accounting records. All other records and related information, including minutes of all management, trustees’ and members’ meetings, have been made available to you. We have given you unrestricted access to persons within the charity in order to obtain evidence and have provided any additional information that you have requested for the purposes of your examination.
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We confirm the charity has satisfactory title to all assets and there are no liens or encumbrances on the assets, except for those disclosed in the financial statements.
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We confirm that significant assumptions used by us in making accounting estimates, including those measured at fair value, are reasonable. We confirm that 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 reflected in the financial statements.
CharIE_03_2019
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We confirm that the charity has no liabilities or contingent liabilities other than those disclosed in the financial statements.
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We confirm that all known actual or possible litigation and claims whose effects should be considered when preparing the financial statements have been disclosed to you and accounted for and disclosed in accordance with the applicable financial reporting framework.
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We confirm that there have been no events since the balance sheet date which require disclosing or which would materially affect the amounts in the financial statements, other than those already disclosed or included in the financial statements.
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We confirm that we are aware that a related party of the charity is a person or organisation which either (directly or indirectly) controls, has joint control of, or significantly influences the charity or vice versa and as a result will include: trustees, other key management, close family and other business interests of the previous. We confirm that all related party relationships and transactions have been accounted for and disclosed in accordance with the applicable financial reporting framework.
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We confirm that the charity neither had, at any time during the year, any arrangement, transaction or agreement to provide credit facilities (including advances and credits granted by the charity) for trustees, nor provided guarantees of any kind on behalf of the trustees except as disclosed in the financial statements.
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We confirm that the charity has not contracted for any capital expenditure other than as disclosed in the financial statements.
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We confirm that the charity has complied with all aspects of contractual agreements that could have a material effect on the financial statements in the event of non-compliance.
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We confirm that we are not aware of any possible or actual instance of non-compliance with those laws and regulations which provide a legal framework within which the charity conducts its activities and which are central to the charity’s ability to conduct its activities, except as explained to you and as disclosed in the financial statements.
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We acknowledge our responsibility for the design, implementation and maintenance of internal controls to prevent and detect fraud. We confirm that we have disclosed to you the results of our risk assessment of the risk of fraud in the organisation. There have been no deficiencies in internal control of which we are aware.
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We confirm that there have been no actual or suspected instances of fraud involving trustees, management or employees who have a significant role in internal control or that could have a material effect on the financial statements. We also confirm that we are not aware of any allegations of fraud by trustees, former trustees, employees, former employees, regulators or others.
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We confirm that, in our opinion, the charity’s financial statements should be prepared on the going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the charity’s needs. In reaching this conclusion, we have taken into account all relevant matters of which we are aware, and have considered a period of at least one year from the date on which the financial statements will be approved.
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We confirm that in our opinion the effects of uncorrected misstatements are immaterial, both individually and in aggregate, to the financial statements as a whole.
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We confirm that we are not aware of any matters of material significance that should be reported to regulators. We confirm that all correspondence with the Charity Commission has been made available to you.
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We confirm that all grants, donations and other income, including those subject to special terms or conditions or received for restricted purposes, have been notified to you. There have been no breaches of terms or conditions during the period regarding the application of such income.
Yours sincerely
David Birch – Trustee For and on behalf of the trustees of The Eva Reckitt Trust Fund