Trustees' Annual Report for the period
Period start date Period end date 2[nd] January 2022 1[st] January 2023 From To
Reference and administration details
Charity name Other names charity is known by Registered charity number (if any) 229576 Charity's principal address Zedra UK Trusts, Booths Hall, Booths Park 3
Alfred Foster Charitable Settlement
Chelford Road Knutsford Postcode WA16 8GS
Names of the charity trustees who manage the charity
----- Start of picture text -----
Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
As above
1 [Zedra Trust Company ]
(UK) Ltd
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
----- End of picture text -----
Names of the trustees for the charity, if any, (for example, any custodian trustees)
Name Dates acted if not for whole year
December 2005
TAR
1
Names and addresses of advisers (Optional information)
Type of advisor Name Address Chartered Accountants Simmons Gainsford LLP 14th Floor, 33 Cavendish Square, LONDON, W1G 0PW
Name of chief executive or names of senior staff members (Optional information)
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). Such Trustee selection methods 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.
Objectives and activities
The Trustees shall hold the Trust Fund and the income thereof upon charitable trusts to apply the income arising for either or both of the following charitable purposes as the trustees in its absolute discretion shall think fit:
Summary of the objects of the charity set out in its governing document
(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
December 2005
TAR
2
difficulty in completing their education and the following provisions shall take effect only so far as consistent with the foregoing charitable purposes.
Summary of the main activities in relation to these objects
The Trustee(s) fulfils the aims incorporated in the governing document by investing the capital in quoted stocks and shares and appropriate deposit accounts. The Trustee(s) distribute the income in accordance with the terms of 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; in planning future activities and in making payments in the current year.
Additional details of objectives and activities (Optional information)
You may choose to include further statements, where relevant, about:
-
Policy on grantmaking
-
Policy programme related investment
-
Contribution made by Volunteers
December 2005
TAR
3
Achievements and performance
Summary of the main achievements of the charity during the year
The trust fund received £26,827 income and during the year under review the Trustee(s) donated £31,423 to individuals in accordance with the governing document.
Financial review
Brief statement of the charity’s policy on reserves
At the financial year end the capital value of the trust was £900,432 and a balance of £353 undistributed income was held. The capital is retained and 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 2023/24.
Details of any funds materially in deficit
Further financial review details (Optional information)
December 2005
TAR
4
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.
Other optional information
Declaration
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
----- Start of picture text -----
Signature(s)
Full name(s) [SARAH TAYLOR]
Position (eg secretary, chair, Trustee
etc)
Date
----- End of picture text -----
December 2005
TAR
5
CHARITY NAME: Alfred Foster Settlement
CHARITY NUMBER: 229576
Accounting Statement for year ended : 01 January 2023 (Receipts and Payments Basis) Our Own Analysis : YES
Our Ref: U0285
UNRESTRICTED FUNDS
RECEIPTS - INCOME
----- Start of picture text -----
This year's amount to Last year's amount to
the nearest £ the nearest £
Gifts and other voluntary receipts
Tax reclaims 2017/18
Bank Account interest -
Stocks and Shares
Dividends & Interest received 26,827.00 24,415.00
Other Receipts (not counting as “Gross Income”)
Total Receipts 26,827.00 24,415.00
----- End of picture text -----
PAYMENTS - INCOME
----- Start of picture text -----
Payments directly for charitable purposes
Donations - See Schedule 31,423.00 36,204.00
Payments to Capital Funds
Payments for management and administration including VAT
Other payments
Professional Charges
Total payments 31,423.00 36,204.00
Net of Receipts/Payments - 4,596.00 - 11,789.00
Cash funds last year end 4,949.00 16,738.00
Cash funds this year end 353.00 4,949.00
----- End of picture text -----
1 of 4
EXPENDABLE ENDOWMENT FUNDS
RECEIPTS - CAPITAL
----- Start of picture text -----
This year's amount to Last year's amount to
the nearest £ the nearest £
Gifts and other voluntary receipts
Refund of donation to Jessica
Receipt from sale of investments
- -
Total Receipts
PAYMENTS - CAPITAL
Payments to Income Funds
----- End of picture text -----
----- Start of picture text -----
- -
- -
- -
- -
----- End of picture text -----
Payments for purchase of investments and other assets
Other payments - Natalie Lundy Land Registry Simmons Gainsford LLP Payments for management and administration including VAT
Total Payments
Net of Receipts/Payments Cash funds last year end Cash funds this year end
FOR ZEDRA TRUST COMPANY (UK) LIMITED
05/09/2023 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 4
PERMANENT ENDOWMENT FUNDS
RECEIPTS - CAPITAL
----- Start of picture text -----
This year's amount to Last year's amount to
the nearest £ the nearest £
Gifts and other voluntary receipts 50.00
Receipt from sale of investments 17,423.00 16,416.00
Total Receipts 17,473.00 16,416.00
----- End of picture text -----
PAYMENTS - CAPITAL
| Payments to Income Funds Payments for purchase of investments and other assets Other payments - Natalie Lundy Land Registry Simmons Gainsford LLP Payments for management and administration including VAT Total Payments Net of Receipts/Payments Cash funds last year end Cash funds this year end |
50.00 2.00 16,809.00 16,861.00 612.00 12,850.00 13,462.00 |
720.00 15,941.00 16,661.00 245.00 - 13,095.00 12,850.00 |
|---|---|---|
3 of 4
STATEMENT OF ASSETS AND LIABILITIES
CASH FUNDS
Current Deposit
INCOME CAPITAL Endowment funds Expendable or Unrestricted funds Permanent to nearest £ to nearest £ 353.00 13,462.00
INVESTMENT ASSETS
Stocks and Shares 886,970.00
4 of 4
U0285 The Trustees of A Foster Settlement
Period: 02/01/2022..01/01/2023
Donations
| 19/01/2022 PY00023705 N Claxton C Tax 84327598 19/01/2022 PY00023706 CLAXTON 84327598 2A Longstone 20/01/2022 PY00023724 N Claxton-Rent Arrears 09/02/2022 PY00024097 Claire Pritchard-BG arrears 08/03/2022 PY00024629 Sarah Kelly-BG Arrears 22/03/2022 PY00024914 Ann Nottle-Octopus Energy 31/03/2022 PY00025134 Mr J Donbavand-Rent Arrears 21/05/2022 PY00025910 D J Burnett-Rent 18 Puffin Rd- Previous 24/05/2022 PY00025921 Rene Allen-2 months rent to LLord 24/05/2022 PY00025923 DJ Burnett-Rent Hitchcock House 24/05/2022 PY00025924 DJ Burnett-C Tax arrears 10/06/2022 PY00026209 Clarion Housing-Ref Hayley Cummins 15/06/2022 PY00026332 Emma Scott-Scottich Power comb 21/06/2022 PY00026421 Emma Scott-Case C399517 Rent 25/06/2022 PY00026534 R Thomas-21-22 C Tax Arrears 25/06/2022 PY00026535 Renata T-Mortgage Arrears 22/10/2022 PY00028628 Donation on behalf of Sheeriz Shakir 22/10/2022 PY00028630 donation on behalf of Sheriz Shakir 23/11/2022 PY00029192 Donation on behalf of Mark Adams 23/11/2022 PY00029194 donation on behalf of Mark Adams 23/11/2022 PY00029200 donation on behalf of Ceirian Madden 23/11/2022 PY00029203 donation on behalf of Ceirian Madden 01/12/2022 PY00029425 donation on behalf of Nicki Ryan 01/12/2022 PY00029427 donation on behalf of Nicki Ryan 08/12/2022 PY00029530 Donation on behalf of Margaret McCarthy 09/12/2022 PY00029531 Donation on behalf of Margaret McCarthy 04/11/2022 PY00028824 Donation to Asira Bibi |
821.11 126.00 66.93 1,226.18 840.83 333.25 1,360.00 1,441.10 1,600.00 1,105.29 528.38 1,016.02 858.29 1,500.50 89.19 2,365.50 1,982.55 2,088.81 1,544.00 1,615.00 1,420.63 2,519.58 500.00 1,388.27 1,401.44 1,105.27 579.17 31,423.29 £ |
|---|---|
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 2023 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.
Nicholas Weller FCCA For and on behalf of Simmons Gainsford LLP
Chartered Accountants 14[th] Floor 33 Cavendish Square London W1G 0PW Date: 23/10/2023 | 18:36 BST