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2021-04-05-accounts

Charity Commission Reference Number 233768

THE BANTAM CHARITABLE TRUST

TRUSTEES’ ANNUAL REPORT AND ACCOUNTS

FOR THE YEAR ENDING 5 APRIL 2021

Emma Minter MCCA, FMAAT 40 Warwick Close South Holmwood DORKING Surrey RH5 4NL

THE BANTAM CHARITABLE TRUST

SIGNIFICANT INFORMATION

FOR THE YEAR ENDING 5 APRIL 2021

Trustees: C.C. Kohler M.S. Kohler Registered Office: The Gatehouse Coldharbour Lane Dorking Surrey RH4 3BH Bankers: Lloyds TSB 120/124 High Street Dorking Surrey RH4 1BB Brokers: Investec Wealth and Investment Ltd 2 Gresham Street London EC2V 7QN

Page 1

THE BANTAM CHARITABLE TRUST

TRUSTEES’ REPORT

FOR THE YEAR ENDING 5 APRIL 2021

Structure, Governance and Management

The Trust is governed by a Trust Deed dated 5 February 1964. The Trustees are appointed by the Board of Trustees and their length of service is not limited.

The Trust is managed and decisions made by C.C. Kohler and M.S. Kohler, the two current Trustees.

Objectives and Activities

The Trust is established to make gifts or grants for certain charitable purposes as set out in the Trust Deed. The activities during the year consisted of making such gifts and grants.

Financial Review

During the year, receipts by the Trust totalled £33,603 (2020 - £173,504) including capital receipts of £24295 (2020 - £163,179) and payments £57,574 (2020 - £155,285) (including donations and grants of £13,000) (2020 - £8,585), and capital purchases of £41,425 (2020 - £143,362).

Reserves

At 5 April 2021, the Trust had funds in the bank accounts of £5,665 (2020 - £10,258) and quoted investments of £295,618 (2020 - £246,628) at market value. It is these assets which provide dividends and interest in the order of £6,500-£10,000 each year and enable grants and donations to be paid from this income. The Trustees maintain a policy of keeping reserves at a level to provide such income annually.

Income Distribution

Since its foundation in 1964, the Trust has distributed £266,913 (2020 £253,913).

Plans for the Future

It is the intention of the Trustees that the existing policies generating investment income to fund grant expenditure will continue.

Approved and signed on behalf of the Trustees:

……………………………………………………..

Date:

Page 2 THE BANTAM CHARITABLE TRUST

INDEPENDENT EXAMINERS REPORT

FOR THE YEAR ENDING 5 APRIL 2021

We report on the accounts of the Trust for the year ended 5 April 2021, which are set out on pages 5 to 8.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is appropriate.

It is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect;

I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Name of principal:

Emma Minter FMAAT, MCCA

Name of firm: Emma Minter

Address:

40 Warwick Close South Holmwood

Dorking Surrey RH5 4NL

Date:

Page 3

THE BANTAM CHARITABLE TRUST

FOR THE YEAR ENDING 5 APRIL 2021

The receipts and payments account set out on page 5 and 6 for the financial year ended 5 April 2021, and the statement of assets and liabilities at the date set out on page 7 together with the notes set out on page 8 are approved by the Trustees.

…………………………………………………………………..

M.S. Kohler

Date: …………………………………………………………..

Page 4

Investment Schedule For the year ending 5 April 2021

Quantity
Company/Fund
30,066
Artemis Fund Managers Inc
10,000
Aviva Investors UK US Equity
15,000
BNY
6,500
Fidelity EUR
11,000
FIL Inv Servs UK Global Div
8,500
GCP Infrastructure Ord
10,000
HICL Infrastructure
12,984
JP Morgan AM UK Fund
1,100
Jupiter UT Mngrs
27,500
Link Fund Sol Ltd
20,000
Picton Property Inc
1,000
Pimco Global Advis Gbl
7,500
Polar Capital Global Fin
16,000
Royal London UTM Sterl
20,000
Schroder Unit Trust Global
10,000
Shroder Unit Trust Strategic
6,000
Schroder Oriental Ord
15,783
Threadneedle Invs		 Cost
at 5 April 2021
28,871
14983
15,215
15,894
21,545
9261
17,113
11,374
26,413
17,257
13350
6,543
22,819
9562
15,265
26,629
272,094		 Market Value
at 5 April 2021
29,555
17735
24,791
18,168
22,924
8696
16,530
11,385
25,213
17,290
13740
11,756
22,912
9640
16,800
28,356
295,491		 Market Value
at 5 April 2020
21,831
0
20,075
13,764
15,444
0
14,950
12,582
11,110
23,141
15,760
0
6,923
21,584
16,888
0
11,448
21,351
226,851		 Net Dividend
Income 2021
798
506
649
423
656
595
825
444
710
640
366
330
809
416
618
773
9,558		 Net Dividend
Income 2020
1,174
0
765
421
514
0
825
347
398
1,082
700
0
330
845
824
0
618
1,228
10,071

Dividends shown above are as per Investec's Annual Report. However, this does not match the figure in the accounts which are prepared on a receipts payments basis.

Page 9

Charity Commission Reference Number 233768

THE BANTAM CHARITABLE TRUST

TRUSTEES’ ANNUAL REPORT AND ACCOUNTS

FOR THE YEAR ENDING 5 APRIL 2021

Emma Minter MCCA, FMAAT 40 Warwick Close South Holmwood DORKING Surrey RH5 4NL

THE BANTAM CHARITABLE TRUST

SIGNIFICANT INFORMATION

FOR THE YEAR ENDING 5 APRIL 2021

Trustees: C.C. Kohler M.S. Kohler Registered Office: The Gatehouse Coldharbour Lane Dorking Surrey RH4 3BH Bankers: Lloyds TSB 120/124 High Street Dorking Surrey RH4 1BB Brokers: Investec Wealth and Investment Ltd 2 Gresham Street London EC2V 7QN

Page 1

THE BANTAM CHARITABLE TRUST

TRUSTEES’ REPORT

FOR THE YEAR ENDING 5 APRIL 2021

Structure, Governance and Management

The Trust is governed by a Trust Deed dated 5 February 1964. The Trustees are appointed by the Board of Trustees and their length of service is not limited.

The Trust is managed and decisions made by C.C. Kohler and M.S. Kohler, the two current Trustees.

Objectives and Activities

The Trust is established to make gifts or grants for certain charitable purposes as set out in the Trust Deed. The activities during the year consisted of making such gifts and grants.

Financial Review

During the year, receipts by the Trust totalled £33,603 (2020 - £173,504) including capital receipts of £24295 (2020 - £163,179) and payments £57,574 (2020 - £155,285) (including donations and grants of £13,000) (2020 - £8,585), and capital purchases of £41,425 (2020 - £143,362).

Reserves

At 5 April 2021, the Trust had funds in the bank accounts of £5,665 (2020 - £10,258) and quoted investments of £295,618 (2020 - £246,628) at market value. It is these assets which provide dividends and interest in the order of £6,500-£10,000 each year and enable grants and donations to be paid from this income. The Trustees maintain a policy of keeping reserves at a level to provide such income annually.

Income Distribution

Since its foundation in 1964, the Trust has distributed £266,913 (2020 £253,913).

Plans for the Future

It is the intention of the Trustees that the existing policies generating investment income to fund grant expenditure will continue.

Approved and signed on behalf of the Trustees:

……………………………………………………..

Date:

Page 2 THE BANTAM CHARITABLE TRUST

INDEPENDENT EXAMINERS REPORT

FOR THE YEAR ENDING 5 APRIL 2021

We report on the accounts of the Trust for the year ended 5 April 2021, which are set out on pages 5 to 8.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is appropriate.

It is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect;

I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Name of principal:

Emma Minter FMAAT, MCCA

Name of firm: Emma Minter

Address:

40 Warwick Close South Holmwood

Dorking Surrey RH5 4NL

Date:

Page 3

THE BANTAM CHARITABLE TRUST

FOR THE YEAR ENDING 5 APRIL 2021

The receipts and payments account set out on page 5 and 6 for the financial year ended 5 April 2021, and the statement of assets and liabilities at the date set out on page 7 together with the notes set out on page 8 are approved by the Trustees.

…………………………………………………………………..

M.S. Kohler

Date: …………………………………………………………..

Page 4