TEE YEAR ENDED 14 FEBRUARY 21n3 FOR THE AUGUSTThE COiIRTAUUI TRUST SKAGOAND STOPPS 61 sfATIONROAD SUDBURY COIO ISP THX AUGUSTINE COlIRTAi1I TRusr FOR THZ YEAR EPIDED 14 FEBRUARY 2023 Refer¢]¢ •nd AdmlBlstr411v• Detsll8 R0POrt or*kt Trnteu 2 ts4 Ithpondelt Zer11 Il¢port Ststemext oTFlttaxknl A¢¢iviti Nots to the 8 to IS A6 JnYtth¢nts (Appe•dix l) 17 to 2• TKK AUGturLyE COIiRTAULD TRusr FOR TItE YEARENDED 14 FEBRUARY 2K3 TRUSTEES MrThonw Julien R*d¢lyfft Courtaul4 DL J.P, (Chairnwil Tho Lord Liey*nAnt of Es5eL JthDif¢rTol]hursL Lioutenant Gellernl S&r Anthony D¢n18on4mi LBE. DL. Ir[4]lle Emily Cral Mrs Condid&Natsth PeriAaMary FonJrr.Robxo. CLERK TO THE TRVSITKS Pth tAh W(rfJdlee l AM0 PlaL Sheep¢n Road Colchegte* C03 3WG Colclwt¢r C03 3W REGISTERED CHARITY 226217 61 Ststion Road C0102SP N*ioDAE WextrDiffithrBwk Pl¢ High Stre¢t Ccg 2AG 25 Kings Hiu Av*n WestM41iDg ME1943Q 45 y¢ar otkdod 14 Febru 2023. Govenilng do¢umetht The Charitable Trnst Is constituted by Trn8t Ike4 dot¢d 15th F¢bnwy 1956 and is * t¢¥irtmd chority J 226217. Tho Tnjsteos nam¢A ¢m pa8e one ve seryed du11r the year. Recrt*tand appoifylm•*t of new Trnsttta AppoiJrtnKth of Tnste¢s is gov¢rned by the Tr$t D of Tn. The Board of TE1?5 to appoint new Tnlth to fill Vaca{ 8ri$108 thr0ughrnsl8Oll orde4th of ao eMtiAg Tn&*¢e. Rljk The TnLsI havc a duty to idtstify revi*w th? Ti8k8 to wki¢h the Trust is eX*d thd to Apwoffi ¢ontroli th io pkn to provide Rwnable 4S5mnC¢ 0841nfrlllld error. The Trvskes •knw41ty TleW risk whi¢b the TnL81 faceB on a Te8ulat b&si8 8lld bBllove that maintakning re8KV¢8 at cwrent level4 wmbin¢d with 4tt attnulll review of the ov•r kny financial ryJtems, will wvid¢ suffiCit r•gyty¢es in the •voit of advet9e ¢oThli¢ions. ObJettlveJ *lw foy the pKblic beDtGt The Tn¥Vs objects to donats from tlffje to ttme to su¢lL le8xIty i01tt$ ¢Jr p• u the Thistee5 llY d¢t¢nnln¢. Tho Tnthetrs mertannualty to detsrmirte the donations mth. The Tnut¢ ¢onfrrm that thoy h&vv referr&l to the 8uid8ne¢ c4JntsiAed io thts Charity Cctynisjirn'i geoml 8uidance on public b¢nefit wlwi rgviewing the TTU8e8 aimi arml objective8 io plwmillg futuJr activities 8¢tting the grant m•ktng l1¢y. The Ttust¢•Trios ottthejt objxts by. Makins yunts to Charities within ESS helpin8 digadvallta8¢d pIe {Wrti¢U the youn8), h¢lpin8 eonsorvtitiol) itith¢ ¢ouW and $ttp]y)rtiD8 ATrlir and Aftlarctl¢ litiOnS. Th¢ Truyt invites 4Fyli¢4tions flTrg from rv>)gnIS kplty chwh8bl¢ ThE AUGUSTINE COIJRTAWI TRitsr RLPORT OFTHE TRUSTEES FOR YEAR ENDED 14 FEBRUARY 2023 ljhvt*tment p¢i]ky *ftd obpth The TnL* reeelved a don4tioA itt l956 from Au8u8titie CourtAuld to b¢ kopt io pw*tyty. The c4piwI of th¢ fund ty)w •moynts ts ov¢r £2.32 million. The Tru De&1 •uknirAs the Tnuthes to mak¢ and hold inv¢th¢nts L8th0 ¢ndovmwt fjindy of thB Tn powern." Uoder th¢ Tr4L*es A¢t 20OQ. the Th1¢¢$ have a g¢&1 Wel to inVC8t TTht 8wts as if th¢y Afe •b8olutsty entid¢d tothqm. ILVeJtCjÉ Whilst iti¢QttLe is of impottsa¢fy the TnLth wi8h to takc a baiaoced betwe#n iocome attd e•pitsl grOwL Th¢ Trust¢4 8Ubs4vtly. would l&e to Jnaintain the capAtsI aod iThc(4Ue Wtthin the Thist in line with ijttlotiott. ReAtrtdlolls ott the pMr¢hww holdlnp: IThv¢3tsD¢nts ShthI getWTally thk¢table ar the Tn WOU DOK alf1¢ thxihrni 18 Ive wish to g¢qutr¢ inYe*lmettt$ io maTk¢ts Whe Ttta&¢14biiity is I]DJit. No r¢stii¢tions. No restriGtiorts. The Tntsttes bAVe ethial iDVeBtm¢ttt¢onStrts) be Ixyrne mird iti reJ•tion to th¢ TnuL TLMe knrltoffj: A tetm invesknenl policy 15 appr(yiiate aDd the p0rforn1ar of the Tntst will be looka * on • Ion8 tomi basig. However, regard had to the perf(ytDan ywbyyw. It is the 11¢Y of th¢ to mRintth tsnre fiuth at a le1 which eqiiat¢s to IpW*tAlY 12 months unr¢8lrf¢t¥l oxpellditort. This pmvid¢$ Suffici fund8 to cover thinisiTatix) costs and aDnual donafi0118. unrestri fimds Ar¢ Maintsin at at le thi8 Eevel tbr0u8lwutr. THE AUGUSTINE COiJRTAULD TRUSI FOR TH£ YEAR ENDED 14 FEBRUARY 21)23 TRUSTEES, RF3PONSJBILITY STAT£hlKNT The TSlee5 are Tsible br preparing the Rw)rt of the Tnth and th¢ fi[Wl41 statem¢nts in 8e¢ordanc¢ with epplicable law UThited K5ngdom Attowiting Standards (United KiDgdom GrRllY Att¢pted Awwntins PTrctice) iAcluditt8 Wmltycial RertIng Standonl 102 R¢tIng Stsndard 4JplibJr iothe UK and Repvb12¢ of Irolalld" The law &pplicAble to Cknritieé in Englthj and Wales, the Charities Act 2011, Charity (AcMuDts aod Reports) RegUllonS 21)08 and the provisions of the Trt DeeA roquirt8 the TN$te to Ftyare firyaucial stat¢meJts for f5Jri&l year which give i truo and fair view of the sta* of 4ffoits of th¢ Trust aod of the t¢sources aThJ appli¢&tion of r¢sout& Fn¢ludiDg the ¢xpendithre. of the Trnst for . select subtabl• coUntIng polici# pnd then V)ly them con8i8t¢nty. obsery¢ the m¢thods and prAn¢iples itt tbe Chllrity SORP., TnMtwill eonrinue IM]sin¢s& Tho Truste¢5 resp)nsibk for keepittg prow *wunting rOrdS which disGkxe with rmyollable a¢¢ur at w time thé fmanci81 p)5ition of the Tn1 to on8ble lIll en8urt ihe fin11 Statements compty with the Chirities Aot 2011. th¢ Charbty (Acoounts end Repotts) ilegulati$ 2008 wl the provi6ioD6 of the Tr*t Dee4J. They are 4130 rtsp)nsible for 8&frardIn8 the assets of the Trurtud IwL¢e for tiking rt#*jJb1Q sttp8 fclthe pYtv¢ntion and d¢t¢dion of frt5 and othei irgUI4Tl¢& The Trustees aY¢ rtspornlblp for tho mthtenanc¢ and Integrity of the TNrt and fittattcial ythrmati iArluded on th¢ TTr*s w¢bsit¢. L48i81ation th• United goverw th¢ Approved by ordef of the Boord of Tn*¢$ on .........................................-.. MrThoJnts Jull¢nRAd¢lirfe Courtou1 D.L J?. . Tnksts¢ and Chaimiatt CwnihdaNthiia Porinamary F¢lltor.Robson. TnJ8tr• INDXPENDENT EXAMINKR'S REPORT TO THE TRUSITIS OF THE AUGUSTIKK COURTAIJLD TRUST Independemt rnN)rt to the Truo1¢tt ofTh¢ Court•llld Tn* E r¢port to the Tru3tee8 on my examirntii)n of th¢ accounts of 1b AugustiJJ¢ Courtauld Tnt {th¢ Tn) for tho yo4r ended 14 Febru2023. Re4ponilblllde• •lld of ryort A5 tht Thist¥¢a of the Tru&t yvu are rgsponsible for tho pftprntion of the 1)unts in 4rdanCe wtth the uir¢m0nts of the Ch8rfti¢s Aot2011 Cthe Aefj. I report in m5pt of my exaJLittttion of the TThsl's accounts callied er S*tiM 14S of the Act ortd In ins out my WEnination I bav¢ followed wiiL¥bb DItionS giv¢n by the Chlty Cmimls3iOQ nd¢r StIon 145(5Xb) ofthe Ad. I bave ¢mpletVAI Jny ¢X*lliDatioL l CODfirn no matsrial matt¢fS hfft come to my atteati¢)n ' ¢onn¢otion with the •xAmloatkOll 8ivIDg me cqwe to beltev¢ that in artymlterial resp&t.. Y¢¢C were Tr*k¢pt ith ttsF¢ctof th¢ Tnth a8 wuiredby Setyioll 130 Dfth• A<. tl* awwnts do llot a¢¢ord with thos¢ rwd4 or th¢ a¢¢ot51rt8 do fy)t c(wty with the ¥p]icabk reqviremats rJ)nc*miti8 th¢ forni •Jtd •)nt¢llt ¢ouRts set ixit in the Ch&iti¢J (A¢counts Ind Il¢ports) Re8Ulati9 2)3 otk¢r than twiinnent th¢ a¢wunts 8ive a ttwe and fair vim whicb is not a oiattw Wh5id6rtil ag part of aa indyndenl atttiOn 8lb)uld bp drawll iti thts Iwt Èn OTdvr to Qb a ptoper of the ruounts to bts rexhed. John Swo, FCCA Sw and StOPP8 61 Ststiort Ro Sudbury Suffo c10 2SP THE AUGUSTINE COURTAULD TRusr STATEMENf OF FINANCiAL ACTivrrIF FOR THE YEAR EfffjED 14 FEBRUARY 2023 14.2.23 Totsl fuftds 14.2.22 Tot81 Unre$tTlCted iiestricted ETOwMtht funds fund fund Note9 COME AND ENDOWMEP4TS FROM Dollation5 at)d legacies 14,1101) (4.001) Invesknent income Tot*1 56 56 EXPEf4DITtSRE ON R8ising fjjttds 11.816 11.816 8.291 ChAY1*4ble &rtr¥itA Charitabl¢ donat¢ons Tot#1 58 Unreali5ed invesknents Galo{29$$¢$) Realfftsed 8aitt51llo&ses) (277.324) {277.524) 984 993 142,519 3,498 NET 11.966) 707.669 7as,703 149,378 RECONCILIATION OF Total funds bmught forward 70,530 511000 1.618,599 1.739,129 1.589,751 2 326 268 1739 129 Th¢ n¢Aes fDtTr port Of tkse fujucial slatm¢nts P88e 6 THE AUGUSTJThE COURTAiJIII TRiTST 14 FEBRUAIIY 2Q23 14.2.23 14.2.22 nd fj)nd8 FIXED Assrn lttve*ments 50.526 2.100,226 2210.752 1.633,568 Debtwy ]nv¢stmeots C&8h At bank lJ98 12.156 166.042 167,440 51156 5J 51213 io 40,( 22234 so,0} 166,042 238276 107.614 CREDITORS knounts falling due withui ono year (4,196) (4.196) (2.053) 105 561 61564 50,IXK) 2.326268 2,444,832 1.739,129 IYET ASSETS 68564 68 2444832 1739129 12 Unrtstri¢ted fundg RutriBtal fjjlldy EDdowment fimds 68.564 70.530 50,0 50,000 2 326 268 99 1739 129 #EMI WttE iign&l on its t¢halfby: idrThoma8 JuLR DLJTr.. Tnth•nd Cbatrma CattdidaNatasha Fefv.R0bx. TTU The Dots8 fornip%t of fknary¢i•l Xl*m¢nts THE AUGUSTIKE COURTAiTLD TRUST NOTLS TO THE FTh ANCIAL STATEMENrs FOR ThE YEAR ENDED 14 F£BRUARY2023 CCOiJNTING POIJCIES of prtprfJh% the flDAn¢knl •¢Ateweuts Th¢ finanoithl s*atem¢nts uf the TrtL whi¢h 18 a publi¢ b¢n¢fit entity under FRS 101 hav¢ b prepared in accotdauce with the Chartti&8 SORP (FRS 102) 'Ac¢oulltin8 Reportlng by Clwiti¢s.' Stst¢ment of R¢£ommended Pta¢ti¢¢ ippli¢able to Tnjsts preparing their ¥¢ouJts in a¢¢ordan¢e with tho FinAncid R4xJrting Stattdard appJft£8ble in th¢ UK aThl Rrpublic of treigud (FKS 102) (¢ff#tive I January 2019y, Financi81 Repwting Stath 102 Fin¢1 Ryrting Ststtthrd &ppEicabEe in the UK and Republi¢ of Ireland, and the Clwitie8 Act 2011. The financial 8tatements have bo¢n pteFHr¢d Ddor the hlstorical eost o)nvention, with the excoption of inveytmsjnts which trt ill¢lud qt mArk£t All it4Th¢ Is r•cogDlged in tbe St4t¢rn¢ntof Fiuancial Activilie8 one* th¢ Trust has enttticffjent to the fitrtds. it is woi*bk that the itromo will Ix re1Ved and tlxe amomnt call bo mowred r¢]iabty. Ixp¢mdilure Liobilities are rtcognifjed as wtsttdikn¢ as soory •3 th¥e 18 a Iwi w cffjnstiVly¢ obli8atico ntnitting the Tryt to that expendikn. it is probsbl¢ thllt a transfer of ¢cotwic E*t*fits will rd in setile[De amount of the Obligati cao Tr* mea•11 rrliably. Bxpwxliture 18 unted ftr on att &TUal9 b08ig and Iw b¢¢n ¢ltssifi¢d uttder h¢adingg agw¢8ate c4)St relatrd to th¢ cltegory. Where ¢osts b¢ dir¢rtly attTibuted ¢0 p&rticulorheadin88 thvj been lou*d to activiti on a b¥sis wnsist¢ntwith th¢ u90 of resourn. Gronts off¢rt41 subjxt to CLxxE1ti which bavt not mct at th¢ •nd date Irv nthj as 4 Th¢ cost8 of &¢neratln8 fimds are those costs attributable UJ 8cnoratim8 in¢oming reur& for tt Trusl oth¢T thos¢ incutt in tthdertakin8 clw¥table OL*ivitios or the irKuved ' datik1 tiadillg •ctivAts¢8 in fi*erce of th¢Tr$ objea Ch*rlt4bka¢tiTllles Costs of Thtyt activities compris¢ 811 costs i[¢d in th¢ pursuitofth* obj&ts of th• Trn#. ThoEe co4 wh4¢ not wholly attribthabie, 4t¢ #P[1Ca b¢two4D the Categor1 of the Trtt The Trurt is exempt from tsxi)n its ¢harit&ble actrvitl¢8. UnrestrAed fidS be used in *40rd8n(¢ the ¢baritable objrttive• at tkn dis[1] ofth• Tnme, Th¢ Endowment fimd rY¢ts Ilhx¢ which held pAn¢ty by th¢ Tht. ori$¢ng on the #ndowment hnd can bo used in wtilL th¢ obj*ts of the Trust is includvd TJre8tricted iocome. Any ¢4pitai 8ains or losses arisitsg on th¢ invqstraents fomi part of tho ful. THE AUCVSTThE COVRTAULD TRU8T NCYTES TO THE FINANCIAL STATEMEN13. e•ntlDo¢d FOR TEE YEAREffDXD 14 FEBRUARY 2023 ACCOI]NTING POLICILS. FI1#7 IDs¢rnMts The T]vst ent¢T$ into basic finatKial instmt tr8nwtion$, as appropriat¢ and 85 and when r4ui r¢suk in thg tecoglliiion of fiEwici21 gwts and liabilities within the fiD8n¢i•l st¢D]eats. IDveBtsnellts knvestsnents ar¢ 61*d at mBeAet v4lu¢ and as p¥ ApdEX l (llot*l is th¢ c¢)8t). The r115 gei08 8nd losses ar• credtred to the Tht p¢rn1ant end0v4mt fimd 8Te ynrtali8ed glins aod lo5SM. ac¢nuls knis vsingthe of paymentfor divide1& ])ONATIONS AND IIGACIiS 14223 14222 100 Hsle & DMtrictL(ul Hlstory SIdy_Wtr¢n0ff 200 14.223 14222 Invé&tm¢ot in¢om¢ (Apwdir l) Overseas invtsstment iu¢tsm¢ (Appthdix l) Bv•lya PaJtrer8 illt¢zvst 49.129 10.411 761 47.S83 14223 14.222 Administf81ion ¢1 A¢¢OJJnf¢y fees Bank ¢bar8eB 7.283 2.196 41 5,887 1,554 850 THXAUGUSTtNX COURTAiIUI TRUSI FOR TI[( YEAR EF4DED 14 FEBRUARY 21n3 There w•r¢ no Thtste¢s' remutwrntion or oth•r E¢firS fv the yw ende4J 14 Feiw 2023 nor for th¢ yettrended 14 F¢bTURry 2022. The TnLq¢ retmbmed one TTUSt¢e durin8 tsyear for£l.I30 T¢latin8 to w¢biit¢ Cogts. (2m: £850). TAX RICOVERAB NtE Repayib Divid• iwomt {App¢ndix l) 15.022022- 14.022023 54 139.01 139.01 Nil Nil UDlt tntst incune. ititttut 15.02.2022- 14.0221Y23 181&b Grants Ply1¢ &r¢ ¢har8ed io th¢ ywr wlAea thi offer is C&v0yed to the recipiertt ex¢eM ITh th Cases whe¥¢ th¢ offer ss condition, suth grants being rtto8ni8 exp¢ndirutt Wkn th¢ c4)nditi Ats¢hing Brt fulfilld Grnnts offered 8Dbit to nditIOn¥ wbith have oot be¢D at th# ye•r end App1 Gillo Wad(insM¥m¢xl Fuod Eu0x Boys and Girls Ch Tho Cinlan Sailin8 Tty&t Kc St Andrews Cburth, GThtY¢Jdlwn Amollot£ 3,000 2JOO Sbbers C¢ntre Prador•Willi Synthrn¢ AciatIon UK Trem for ettt 1,0 150 750 750 750 750 750 7SO 750 750 750 750 75Q 7YJ He&dway Esstx Th¢ Art Ministry Es8ex Re4)ito alld Clre A&4xiation The ita8ue of Frienth of St Allth¢ws Chty