2[nd] January 2023 ## **Trustees' Annual Report for the period** Period start date Period end date 1[st] January 2024 **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** |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**|| |||||| **December 2005** **TAR** 1 ## **Names and addresses of advisers (Optional information)** **Type of advisor Name Address** Chartered Accountants Simmons Gainsford LLP 14[th] 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** Settlement Deed dated 15 January 1958 Type of governing document (eg. trust deed, constitution) How the charity is constituted Trust (eg. trust, association, company) Trustee selection methods New Trustee(s) can only be appointed by resolution of the managing (eg. appointed by, elected by) Trustee(s). Such appointment would be confirmed by a formal deed. ## **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** **December 2005** **TAR** 2 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: (a) The relief of poverty among employees (including former employees) of banks and **Summary of the objects of the** their dependants **charity set out in its governing document** (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 foregoing charitable purposes. 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 **Summary of the main** terms of the Trust. **activities in relation to these** The Trustee(s) confirm that they have referred to the guidance contained **objects** 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 The trust fund received £27,584 income and during the year under review the **Summary of the main** Trustee(s) donated £26,012 to individuals in accordance with the governing document. **achievements of the charity during the year** ## **Financial review** At the financial year end the capital value of the trust was £938,027 and a balance of **Brief statement of the** £1,913 undistributed income was held. The capital is retained and invested to generate **charity’s policy on reserves** 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 2024/25. **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** ## **Signature(s)** **Full name(s)** SARAH TAYLOR **Position (eg secretary, chair,** Trustee **etc) Date** 18/4/2024 **December 2005** **TAR** 5 **CHARITY NAME: Alfred Foster Settlement** ## **CHARITY NUMBER: 229576** **Accounting Statement for year ended : 01 January 2024** (Receipts and Payments Basis) Our Own Analysis : **YES** ## **Our Ref: U0285** ## UNRESTRICTED FUNDS ## **RECEIPTS - INCOME** |Gifts and other voluntary receipts
Tax reclaims 2017/18
Bank Account interest
**Stocks and Shares**
Dividends & Interest received
Other Receipts (not counting as“Gross Income”)
**Total Receipts**
**PAYMENTS- INCOME**
**Payments directly for charitable purposes**
Donations-See Schedule
Payments to Capital Funds
Payments for management and administration including VAT
Other payments
ProfessionalCharges
**Total payments**
**Net of Receipts/Payments**
**Cash funds last year end**
**Cash funds this year end**|This year's amount to
the nearest £|This year's amount to
the nearest £|Last year's amount to
the nearest £| |---|---|---|---| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||27,584||26,827| ||||| ||||| ||||| ||||| ||||| ||27,584||26,827| ||||| ||||| ||26,012||31,423| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||26,012||31,423| ||||| ||1,572||4,596
-| ||353||4,949| ||1,925||353| 1 of 4 EXPENDABLE ENDOWMENT FUNDS ## **RECEIPTS - CAPITAL** |Gifts and other voluntary receipts
Refund of disbursements charged
Receipt from sale of investments
**Total Receipts**
**PAYMENTS- CAPITAL**
Payments to Income Funds
Payments for purchase of investments and other assets
Other payments-Natalie Lundy
Land Registry
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**|Gifts and other voluntary receipts
Refund of disbursements charged
Receipt from sale of investments
**Total Receipts**
**PAYMENTS- CAPITAL**
Payments to Income Funds
Payments for purchase of investments and other assets
Other payments-Natalie Lundy
Land Registry
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**|This year's amount to
the nearest £
50|This year's amount to
the nearest £
50|Last year's amount to
the nearest £| |---|---|---|---|---| |||||50| |||||| |||||| |||||| |||||| |||||| |||||| |||50||50| |||||| |||||| |||||| |||||| |||||| |||||| |||||50| |||2||2| |||15,347||16,809| |||||| |||||| |||||| |||15,349||16,861| |||||| |||15,299
-||16,661
-| |||67,190
-||50,379| |||82,489
-||67,190
-| |||||| |||||18/4/2024| |**Trustee authorised to sign on behalf of all trustees**||||**Date**| **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** |**RECEIPTS- CAPITAL**|||| |---|---|---|---| |Gifts and other voluntary receipts
Receipt from sale of investments
**Total Receipts**|This year's amount to
the nearest £||Last year's amount to
the nearest £| ||||| ||||| ||||| ||||| ||14,097||17,423| ||||| ||||| ||14,097||17,423| ## **PAYMENTS - CAPITAL** Payments to Income Funds Payments for purchase of investments and other assets - Other payments Payments for management and administration including VAT Payments to Income Funds Payments for purchase of investments and other assets - Other payments Payments for management and administration including VAT |**Total Payments**||-||-| |---|---|---|---|---| |||||| |**Net of Receipts/Payments**||14,097||17,423| |**Cash funds last year end**||80,652||63,229| |**Cash funds this year end**||94,749||80,652| 3 of 4 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||1,914||12,260| |||||| |Deposit||||| |||||| |**INVESTMENT ASSETS**||||| |Stocks and Shares||||925,767| |||||| |||||| 4 of 4 **Alfred Foster Charitable Trust** **----- Start of picture text -----**
Name Grant (£) Paid
Martina Lee - SO Energy 250.00 2/2/2023
Martina Lee - Hexagon 750.00 14/2/2023
Alison Jones - Mortgage Express 2,000.00 7/3/2023
Bann Parry - Lloyds 1,905.44 27/4/2023
Adam Cannon - MBNA 3,000.00 7/6/2023
Electra Sinclair-Jones - Rent 1,600.00 15/8/2023
Simul Roy 1,500.00 24/8/2023
Simul Roy - Halifax 850.00 25/8/2023
Simul Roy - council tax arrears 473.44 25/8/2023
Simul Roy - carer 1,200.00 31/8/2023
Angela Day - La Redoute 101.86 7/9/2023
Angela Day - Vanquis 488.61 7/9/2023
Angela Day - Marbles 100.00 7/9/2023
Leanne Wilcock - Shell Energy 2,500.00 16/9/2023
Leanne Wilcock - Rent 1,301.92 16/9/2023
Angela Day - council tax arrears 182.00 20/9/2023
Angela Day - Simply Be 257.84 21/9/2023
Angela Day - Fashion World 1,047.41 21/9/2023
Angela Day - Capital One 138.13 22/9/2023
Angela Day - Capital One 183.19 22/9/2023
Angela Day - Fluid 293.61 22/9/2023
David Kingsley - Octopus Energy 500.00 22/12/2023
David Kingsley - Rent 1,300.00 28/12/2023
David Kingsley - council tax 650.50 28/12/2023
David Kingsley - council tax 757.16 28/12/2023
Ben Powell - Octopus Energy 1,500.00 29/12/2023
Ben Powell - council tax 281.00 29/12/2023
Ben Powell - Rent 900.00 30/12/2023
26,012.11
**----- End of picture text -----**
## **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 2024 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 Professional Services Limited** Chartered Accountants 14[th] Floor 33 Cavendish Square London W1G 0PW Date: 12/6/2024 | 13:04 BST