2021-04-05-accounts

Structure, Governance an	Structure, Governance an	d Management
Governing Document:		The principal governing document is a Charitable Trust Deed dated
		11 April 1969. It is a private Charitable Trust controlled by its
		trustees.
Settlor:		Peter Courtauld
Appointment of trustees:		The power of appointing new or additional trustees is vested in the
		current trustees. The trustees meet at least once annually and at
		such other times as they see fit. The trustees are advised by their
		professional advisers as and when necessary on any developments
		affecting the charity.
Investment Powers:		The trustees have wide powers of investment, including power to
		invest in the name of nominees.
Management and Control:		Mr Simon Courtauld has control and overall responsibility for the day
		to day management of the charity.
Risk management:		The trustees have assessed the major risks to which the charity is
		exposed and are satisfied they are not exposed to any significant risks other than fluctuation in the value of their investment portfolio.
**Objectives **	and Activities
Summary:	'	The objectives of the charity are that such of the income and capital of
		the trust fund shall be paid or applied for the benefit of such charitable
		foundations or purposes as the trustees may from time to time
		determine.
Summary of	the main	The trustees general policy Is to distribute each year the income
activities in relation to objectives:		as it arises. From time to time they may also distribute capital.
		The trustees receive applications for grants and consider each one of
		the applications at their formal/informal meetings. During the year the
		trustees have made 10 grants totalling £24,000 (2020 £45,000).
Grant making policy:		The trustees' policy is to distribute the available Income of the trust for
		the benefit of registered charities which they consider the settlor, Mr
		Peter Courtauld, would have wished to support. They also give
		consideration to local charities operating in parts of the country with
		which Mr Courtauld, or other members of the Courtauld family, had or
		have associations.
Public Benefit:		In applying such income and capital, the trustees are supportive of
		such charitable causes that are for public benefit. Each year the
		trustees review their objectives to reflect their aims. In carrying out
		this review, the trustees have considered the Charity Commissioners
		general guidance on public benefit.

			2021		2020
		£	£	£		£
Fixed Assets
40,822 Charifund Income Units at cost			177,726.00			177,726
(market value £600,888: 2020 £468,547)
Current Assets
Cash balances:
Natwest Business Reserve account		5,556.63		5,779
Natwest Current	account	100.00		100
			5,656.63			5,879
Current Liabilities
Legal and Professional		(2,640.00)		( 2,520)
			( 2,640.00)			( 2,520)
Net Assets			180,742.63			181,085
Representing:
Total unrestricted funds			180,742.63			181,085
Approved
	Simon Courtauld
Approved
	Sylvia Courtauld
Approved
	Director of Farrer & Co Trust	Corporation

				2021		2020
Receipts
Distributions due			31 May	7,756.18		7,960
		31	August	6,939.74		7,960
	13 December			6,939.74		12,451
		28 February		4,694.53		5,715
					26,330.19		34,086
Bank deposit interest (gross)					3.06		27
					26,333.25		34,113
Payments
Charitable:
Autistica						2000,
Bobby Van Trust				1,500.00
British Liver Trust						2,000
British Wireless for the Blind						1,000
Carers Trust				3,000.00
Cardiac Risk In the Young						2,000
Childrens Air Ambulance						2,000
Combat Stress						2,000
Cure Parkinson's						2,000
Deafblind UK						2,000
Diabetes UK				3,000.00
Headway						2,000
Hearing Dogs				2,000.00
Inspire Foundation				3,000.00
Leonard Cheshire Disability				3,000.00
Macmillan Cancer Support						2,000
Marie Curie Cancer Care				3,000.00
Marine Conservation Society						2,000
Myface						1,000
Meningitis Now						2,000
MIND						2,000
Orbis UK						1,000
Prospect Hospice				1,000.00
Respite Association						2,000
Refuge						2,000
Salvation Army						2,000
Sight Savers						2,000
SANE						2,000
Samaritians				3,000.00
Stroke Association						2,000
Tunbridge Wells Hospital				1,500.00
Wiltshire Community	Foundation					2,000
World Cancer Research		Fund				2,000
Young Epilepsy						2,000
					24,000.00		45,000
Legal and Professional:					2,676.00		150
**Surplus/(Deficit) on **	**Receipts and Payments **			account	(342.75)		(11,037)
Balance brought forward		at 6	April 2020		181,085.38		192,122
Balance carried forward at			6 April 2021		180,742.63		181,085

sis of net assets betwee	n funds
		Net Current
	Fixed	Assets/
	Assets	(Liabilities)	Total
Unrestricted	177,726	3,017	,50 743

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