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2025-01-01-accounts

Trustees' Annual Report for the period

Period start date Period end date 2[nd] January 2024 1[st] January 2025

From To

Reference and administration details

Charity name Other names charity is known by Registered charity number (if any) 229576

Alfred Foster Charitable Settlement

Charity's principal address Zedra UK Trusts, Booths Hall, Booths Park 3

Chelford Road Knutsford Postcode WA16 8GS

Names of the charity trustees who manage the charity

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Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
Zedra Trust Company As above
1
(UK) Ltd
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Names of the trustees for the charity, if any, (for example, any custodian trustees)
Name Dates acted if not for whole year
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December 2005

TAR

1

Names and addresses of advisers (Optional information)

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Type of advisor Name Address
Chartered Accountants Simmons Gainsford 14 [th] Floor, 33 Cavendish Square, LONDON, W1G 0PW
Professional Services
Limited
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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

How the charity is constituted

Trust

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:

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 Summary of the objects of the banks and 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 activities terms of the Trust. in relation to these objects 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:

December 2005

TAR

3

Achievements and performance

The trust fund received £29,822 income and during the year under review the Summary of the main Trustee(s) donated £31,563 to individuals in accordance with the governing achievements of the charity document. during the year

Financial review

At the financial year end the capital value of the trust was £957,815 and a balance Brief statement of the charity’s of £118 undistributed income was held. The capital is retained and invested to policy on reserves 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 2025/26.

December 2005

TAR

4

Details of any funds materially in deficit

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

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, etc) Trustee

Date 28/05/2025

December 2005

TAR

5

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 2025 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:

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: 8/10/2025 | 15:48 BST

CHARITY NAME: Alfred Foster Settlement

CHARITY NUMBER: 229576

Accounting Statement for year ended : 01 January 2025

Our Ref: U0285

(Receipts and Payments Basis) Our Own Analysis : YES

UNRESTRICTED FUNDS

RECEIPTS - INCOME

This year's amount to the nearest £

Last year's amount to the nearest £

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Gifts and other voluntary receipts
Transfer from Capital Fund
Tax reclaims 2017/18
Bank Account interest
Stocks and Shares
Dividends & Interest received 29822 27518
Other Receipts (not counting as “Gross Income”)
Total Receipts 29822 27518
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PAYMENTS - INCOME

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Payments directly for charitable purposes
Donations - See Schedule 31563 26012
Payments to Capital Funds
Payments for management and administration including VAT
Other payments
Professional Charges
Total payments 31563 26012
Net of Receipts/Payments -1741 1506
Cash funds last year end 1859 353
Cash funds this year end 118 1859
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EXPENDABLE ENDOWMENT FUNDS

RECEIPTS - CAPITAL

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This year's amount to Last year's amount to
the nearest £ the nearest £
Gifts and other voluntary receipts
Refund of disbursements charged 50
Receipt from sale of investments 15376 14097
Total Receipts 15376 14147
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PAYMENTS - CAPITAL

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Payments to Income Funds
Payments for purchase of investments and other assets
Other payments - SG LLP 720
Land Registry 2 2
Payments for management and administration including VAT 15443 15347
Total Payments 16165 15349
Net of Receipts/Payments -789 -1202
Cash funds last year end 12260 13462
Cash funds this year end 11471 12260
FOR ZEDRA TRUST COMPANY (UK) LIMITED
Date
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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

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PERMANENT ENDOWMENT FUNDS

RECEIPTS - CAPITAL

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This year's Last year's
amount to amount to
the nearest £ the nearest £
Gifts and other voluntary receipts
Receipt from sale of investments 0
Total Receipts 0 0
PAYMENTS - CAPITAL
Payments to Income Funds
Payments for purchase of investments and other assets
Other payments -
Payments for management and administration including VAT
Total Payments 0 0
Net of Receipts/Payments 0 0
Cash funds last year end 0 0
Cash funds this year end 0 0
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STATEMENT OF ASSETS AND LIABILITIES

INCOME

CAPITAL

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Endowment funds
Expendable
or
Unrestricted funds Permanent
CASH FUNDS to nearest £ to nearest £
Current 118 11471
Deposit
INVESTMENT ASSETS
Stocks and Shares 946344
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Alfred Foster Settlement Schedule of donations Year ended 1 January 2025

Recipient Amount
AE 750
AG 1,000
CS 3,561
ER 728
HL 2,983
JA 1,535
KM 1,800
MA 2,725
MT 1,873
NM 2,292
NN 1,800
PG 1,691
RD 870
SA 3,000
SB 1,303
SC 2,500
SI 611
VM 540