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
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## 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
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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
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## 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
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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
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- -
- -
- -
- -
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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
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## 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