## **Trustees' Annual Report for the period** Period start date Period end date 2[nd] January 2020 1[st] January 2021 **To** **From** ## Section A Reference and administration details **Charity name** Alfred Foster Settlement **Other names charity is known by** **Registered charity number (if any)** 229576 **Charity's principal address** Zedra UK Trusts, Booths Hall, Booths Park 3, Chelford Road, Knutsford, Cheshire **Postcode** WA16 8GS ## **Names of the charity trustees who manage the charity** |1
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20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body)**
**entitled to appoint trustee (if**
**any)**| |---|---|---|---|---| ||Zedra Trust
Company(UK) Ltd|As above||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| **Names of the trustees for the charity, if any, (for example, any custodian trustees)** **Name Dates acted if not for whole year** **TAR** March **2012** ## **Names and addresses of advisers (Optional information)** **Type of Name Address adviser Chartered** Simmons Gainsford 14[th] Floor **Accountant** LLP 33 Cavendish Square London W1G 0PW ## **Name of chief executive or names of senior staff members (Optional information)** ## **Section B Structure, governance and management** ## **Description of the charity’s trusts** Type of governing document Settlement Deed dated 15 January 1958 (eg. trust deed, constitution) How the charity is constituted Trust - (eg. trust, association, company) New Trustee(s) can only be appointed by resolution of the managing Trustee(s). Trustee selection methods Such appointment would be confirmed by a formal deed. (eg. appointed by, elected by) ## **Additional governance issues (Optional information)** You **may choose** to include additional information, where relevant, about: - policies and procedures adopted for the induction and training of trustees; - the charity’s organisational structure and any wider network with which the charity works; - relationship with any related parties; - trustees’ consideration of major risks and the system and procedures to manage them. **TAR** March **2012** ## **Section C Objectives and activities** |**Summary of**
**the objects**
**of the charity**
**set out in its**
**governing**
**document**
**Summary of**
**the main**
**activities**
**undertaken**
**for the**
**public**
**benefit in**
**relation to**
**these**
**objects**
**(include**
**within this**
**section the**
**statutory**
**declaration**
**that trustees**
**have had**
**regard to the**
**guidance**
**issued by**
**the Charity**
**Commission**
**on public**
**benefit)**|To apply the income arising for either or both of the following charitable
purposes as the Trustee in its absolute discretion shall think fit:
(a) The relief of poverty among employees (including former employees) of
banks and their dependants
(b) The advancement of education by providing for or assisting in
providing for the education of children (whether infants or of full age) of
persons who are or have been employees of banks and who without assistance
from the Trust Fund might have difficulty in completing their education and
the following provisions shall take effect only so far as consistent with the
foregoingcharitablepurposes.| |---|---| ||The objects of the Trust are making grants to individuals as specified in the
Trust. The Trustee(s) confirm that they have referred to the guidance
contained in the Charity Commission’s general guidance on public benefit
when reviewing the Trust’s aims and objectives and in planning future
activities and setting the grant making policy for the year.| ## **Additional details of objectives and activities (Optional information)** **TAR** March **2012** You **may choose** to include further statements, where relevant, about:  policy on grantmaki ng;  policy programm e related investment ;  contributio n made by volunteers . ## Section D Achievements and erformance p **TAR** March **2012** ## Section D Achievements and erformance p The trust fund received £25,815 income and during the year under review the **Summary of the main** Trustee(s) donated £46,342 to individuals in accordance with the governing **achievements of the charity** document. **during the year** **TAR** March **2012** ## **Section E Financial review** At the financial year end the capital value of the trust was £949,752 and a **Brief statement of the** balance of £16,738 undistributed income was held. The capital is retained and **charity’s policy on reserves** invested to generate income to fulfil its charitable objectives. It is the trustee’s policy to distribute all income arising in the trust after allowing for any operating expenses. Because of timing differences between receipt of income and the authorisation of grant payments a balance of undistributed income may be held in reserve at the year end and this will be carried forward and distributed in 2021/22. **Details of any funds materially in deficit** ## **Further financial review details (Optional information)** - You **may choose** to include additional information, where relevant about:  the charity’s principal sources of funds (including any fundraising); - how expenditure has supported the key objectives of the charity; - investment policy and objectives including any ethical investment policy adopted. **Section F Other optional information** ## **Section G Declaration** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s)** **TAR** March **2012** **Full name(s)** SARAH TAYLOR **Position (eg Secretary,** TRUSTEE **Chair, etc)** 28/5/2021 **TAR** March **2012** **CHARITY NAME: Alfred Foster Settlement** ## **CHARITY NUMBER: 229576** ## **Accounting Statement for year ended : 01 January 2021** ## **Our Ref: U0285** (Receipts and Payments Basis) Our Own Analysis : **YES** UNRESTRICTED FUNDS ## **RECEIPTS - INCOME** This year's amount to Last year's amount to the nearest £ the nearest £ |Gifts and other voluntary receipts||||| |---|---|---|---|---| |||||| |||||| |||||| |Tax reclaims||||| |||||| |||||| |Bank Account interest||3||28| |||||| |**Stocks and Shares**||||| |Dividends & Interest received||25812||31950| |||||| |||||| |Other Receipts (not counting as“Gross Income”)||||| |||||| |||||| |**Total Receipts**||25815||31978| |**PAYMENTS- INCOME**||||| |||||| |**Payments directly for charitable purposes**||||| |Donations-See Schedule||46342||37006| |||||| |||||| |||||| |||||| |Payments to Capital Funds||||| |||||| |Payments for management and administration including VAT||||| |||||| |||||| |||||| |Other payments||||| |||||| |Professional Charges||||| |||||| |||||| |**Total payments**||46342||37006| |||||| |**Net of Receipts/Payments**||-20527||-5028| |**Cash funds last year end**||37265||42293| |**Cash funds this year end**||16738||37265| 1 of 5 EXPENDABLE ENDOWMENT FUNDS ## **RECEIPTS - CAPITAL** |Gifts and other voluntary receipts
Receipt from sale of investments
**Total Receipts**
**PAYMENTS- CAPITAL**
Payments to Income Funds
Payments for purchase of investments and other assets
**Total Payments**
**Net of Receipts/Payments**
**Cash funds last year end**
**Cash funds this year end**
**FOR ZEDRA TRUST COMPANY (UK) LIMITED**
**Trustee authorised to sign on behalf of all trustees**|This year's amount to
the nearest £|This year's amount to
the nearest £|Last year's amount to
the nearest £| |---|---|---|---| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||0||0| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||0||0| ||||| ||0||0| ||0||0| ||0||0| ||||| ||||28//5/2021| ||||**Date**| **Trustee authorised to sign on behalf of all trustees Zedra Trust Company (UK) Limited UK Trusts Booths Hall Booths Park 3 Chelford Road Knutsford Cheshire WA16 8GS** 2 of 5 |||||| |---|---|---|---|---| ||PERMANENT ENDOWMENT FUNDS|||| ||**RECEIPTS- CAPITAL**
Gifts and other voluntary receipts
Refund of donation to Jessica
Receipt from sale of investments
**Total Receipts**
**PAYMENTS- CAPITAL**
Payments to Income Funds
Payments for purchase of investments and other assets
Other payments
Other payments-Mazars LLP
Simons Gainsford LLP
Payments for management and administration including VAT
Land Registry-bankruptcy check
Payments for management and administration including VAT
**Total Payments**
**Net of Receipts/Payments**
**Cash funds last year end**
**Cash funds this year end**|This year's amount to
the nearest £||Last year's amount to
the nearest £
21762
21762
810
15661
16471
5291
5093
10384
3 of 5| |||||| |||||| |||3000||| |||||| |||19958||21762| |||||| |||||| |||22958||21762| |||720
19525
2||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||810| |||720||| |||19525||15661| |||2||| |||||| |||||| |||||| |||||| |||||| |||20247||16471| |||2711
10384
13095||| STATEMENT OF ASSETS AND LIABILITIES |**CASH FUNDS**|**CASH FUNDS**|**INCOME**
Unrestricted funds
to nearest £|**INCOME**
Unrestricted funds
to nearest £|**CAPITAL**
Endowment funds
Expendable
or
Permanent
to nearest £| |---|---|---|---|---| |Current||16738||13095| |||||| |Deposit||||| |||||| |**INVESTMENT ASSETS**
Stocks and Shares||||| |Stocks and Shares||||936657| |||||| |||||| 4 of 5 -6163 -19.27°/. 9336 25.23°/. 5015 ## **INDEPENDENT EXAMINER’S REPORT** ## **Alfred Foster Settlement** ## **Independent Examiner’s Report to the Trustees of Alfred Foster Settlement** I report to the trustees on my examination of the accounts of Alfred Foster Settlement (‘the charity’) for the year ended 01 January 2021 which comprise the summary of receipts and payments and the statement of assets and liabilities. This report is made solely to the charity’s trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for my work, for this report, or for the opinions I have formed. ## **Responsibilities and basis of report** As the trustees of the charity 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 charity’s accounts carried out under section 145 of the 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: - ➢ accounting records were not kept in respect of the charity as required by section 130 of the Act; or - ➢ the accounts do not accord with those records. 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. ## **David Pumfrey FCA (Senior Statutory Auditor) For and on behalf of Simmons Gainsford LLP** Chartered Accountants 14[th] Floor 33 Cavendish Square London W1G 0PW Date: 27/09/2021