DocuSign Envelope ID: 782B86FD-4DC8-4E3C-82A4-EE541C945A74
## Registered Number 263501
## JOlIN AND DIANA KEMP-WELCH CHARITABLE TRUST
## FINANCIAL STATEMENTS
5 April 2021
DocuSign Envelope ID: 782B86FD-4DC8-4E3C-82A4-EE541C945A74
## JOHN AND DIANA KEMP-WELCH ClIARITABLE TRUST
## rnNTRNTS
Page Trustee's annual report Statement of trustee's responsibilities Independent examiner's report Receipts and payments account Statement of assets and liabilities Notes to the financial statements
DocuSign Envelope ID: 782B86FD-4DC8-4E3C-82A4-EE541C945A74
## JOHN AND DIANA KEMP-WELCH CHARITABLE TRUST
## TRUSTEE'S ANNUAL REPORT REFEjtENCE AND ADMINISTRATION DETAILS
John and Diana Kemp-Welch Charitable Trust
Registered charity name: Registered charity number: 263501 Principal address 74 Melton Court Onslow Crescent London SW73JH Trustee Sir Jolln Kemp-Welch
Trustee
Banker C. Hoare & Co. 32 Lowndes Street London SWIX 9HZ Solicitor Hunters 9 New Square Lincoln's Inn London WC2A 3QN Accountant Deloitte LLP 5 Callaghan Square Cardiff CFI0 5BT Independent examiner C P J Dougherty, FCA Lakh Rose Limited Pioneer House Vision Park Cambridge CB24 9NL STRUCTU RE, GOVERNANCE AND MANAGEMENT: Governing document and The charity was fonncd under an in'evocable Constitution trust for cllaritable purposes on 7 December 1971 . Trustee selection methods The power of appointment of trustees is vested in the benefactor (Sir John Kemp-Welch) during his lifetime. Summary of objectives as set The objects of the charity are to pay the income out in the governing document and such part of the capital as the trustees may decide to such exclusively charitable objects and purposes as the trustees in their absolute discretion think fit.
l
DocuSign Envelope ID: 782B86FD-4DC8-4E3C-82A4-EE541C945A74
## JOHN AND DIANA KEMP-WELCH CHARITABLE TRUST TRUSTEE'S ANNUAL REPORT
## OB.JECTIVES AND ACTIVITIES
Summary ol main activities undertaken for the public benefit
The trustee has exercised his discretion, with regard to the donations made, supporting national and local charities, assisting medical research, parochial church councils, care and welfare of both children and the elderly, educational establisjlments and arts and culturc, wildlife andenvironment.
There is no restriction on the investment powers of the trustee. Investments are made in UK equities and unit trusts which arc readily realisablc to ensure that the liabilities of the trust are met as they hll due.
The trustee has taken the option available to him to prepare the accounts on a rcccipts and payments basis as the gross income of the charity is less than £250,000.
Summary of main achievements for the year FINANCIAL REVIEW
Policy on reserves
Donations totalling £64,000 were made to charitable organisations during the year. Donations have ranged from f1 ,000 to £1 0,000.
The trustee considers the assets of the trust as "expendable endowment" to provide income 6om which to make donations and not as reserves.
Any unrestricted funds not committed or invested in tangible fixed assets ('the free reserves') are held to fund management, administration and support costs and continuing donations in furtherance of the charity's ol8ectives .
It is the policy of the charity to maintain unrestricted funds, which are the flee reserves of the charity, at a level which equates to approximately six months unrestricted cxpcnditure. This provides sufHcient funds to cover management and administration and support costs.
J.a..K.,. hxa.c TRUSTEE \ /
2
DocuSign Envelope ID: 782B86FD-4DC8-4E3C-82A4-EE541C945A74
## JOHN AND DIANA KEMP-WELCH CHARITABLE TRUST
## STATEMENT OF TRUSTEEPS RESPONSIBILITIES
The Charities Act 201 I requires the trustee to prepare a statement of accounts for each financial year which comply with the regulations made under the Act. The financial statements are preapared on a cash basis and must properly present the receipts and payments for the financial year and the balances lleld at the end of the year.
The trustee is responsible for the keeping of proper accounts. The trustee must ensure that proper financial procedures are followed and that accounting records are maintained in the form prescribed, and all assets for which he is responsible are safeguarded.
DocuSign Envelope ID: 782B86FD-4DC8-4E3C-82A4-EE541C945A74
## JOHN AND DIANA KEMP-WELCH CHARITABLE TRUST
## INDEPENDENT EXAMINER'S REPORT For the year ended 5 April 2021
## Independent examiner's report to the trustee of John and Diana Kemp-Welch Charitable Trust
I report on the accounts of the charitable trust for the year ended 5 April 2021 which are set out on pages 5 to 8.
This report is made solely to the charity's trustee, in accordance with section 145 of the Charities Act 20t:t-and-regulations-made-undersection-'t45-(5)-(bFof-thatAict--Mywork-has-been'undertaken so that I might state to the charity's trustee those matters I am required to state to him in an Independent examiner's 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 trustee for my work, for this report. or for the opinions I have formed.
## Respective responsibilities of trustee and examiner
The charity's trustee is responsible for the preparation of the accounts. The charity's trustee considers that an audit is not required for this year (under section 145(1) of the Charities Act 201 I (the 201 1 Act)) and that an independent examination is needed.
It is my responsibility to:
- . examine the accounts (under section 145 of the 201 I Act); to follow the procedures laid down in the General Directions given by the Charity Commissioners(under section 145(5)(b) of the 2011Act); and to state whether particular matters have come to my attention.
## Basis of independent examiner's report
My examination was carried out in accordance with General Directions given by the Charity Commissioners. 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 the trustee 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 financial statements 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 matter has come to my attention:
(1) which gives me reasonable cause to believe that, in any material respect, the requirements:
- .
- to keep accounting records in accordance with section 1 30 of the 201 1 Acts and
- e to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 201 I Act
- have not been men or
(2) to which. in my opinion attention should be drawn in order to enable a proper understanding of the accounts to be reached
Signed: C P J Dougherty, FCA Lakh Rose Limited Pioneer House Vision Park Heston. Cambridge. CB24 9NL
Dated 03 February 2022 | 15:12:06 GMT
4
DocuSign Envelope ID: 782B86FD-4DC8-4E3C-82A4-EE541C945A74
## JOHN AND DEANA KEMP-WELCH CHARITABLE TRUST
## RECEIPTS AND PAYMENTS ACCOUNT
For the year ended 5 April 2021
|For the year ended 5 April 2021||||||||
|---|---|---|---|---|---|---|---|
|||Total unrestricted||fund||||
||||2021||||Total|
|||Income|Capital|Total|||2020|
||Notes|||||||
|RECEIPTS||||||||
|Addition from Sir John Kemp-Welch|4||||||73,580|
|Investment Income||||||||
|Dividends and interest||61,803||61,803|||82,156|
|Receipts sub-totals||61 ,803||61,803|||155,736|
|Miscellaneous receipts||||||||
|Equalisation on investments|||||||199|
|Proceeds on sale of investments|3||||||205,084|
|TOTAL RECEIPTS FOR YEAR||61 .803||61.803|||361.019|
|PAlrMENTS||||||||
|Charitable expenditure||||||||
|Donations|5|64,000||64,000|||70,250|
|Other expenditui'e||||||||
|Management and administration|2|2,502|6,033|8,535|||9,954|
|Payments sub-totals||66,502|6,033|72,535|||80,204|
|Miscellaneous payments||||||||
|Cost of investment purchases
TOTAL PAYMENTS FOR YEAR|3|-
66,502|36.239
42,272|36,239
108,774|||233,567
3 1 3,77 1|
|Net (payments)/receipts
Cash funds at last year end||(4,699)(42,272)
]34,655(12,845)||(46,971
)
121,810|||47,248
74,562|
|Cash funds at this year end|£|129.956 £|(55.1 17) £|74.839||£|121 .81 0|
DocuSign Envelope ID: 782B86FD-4DC8-4E3C-82A4-EE541C945A74
## JOHN AND DIANA KEMP-WELCH CHARITABLE TRUST
## STATEMENT OF ASSETS AND LIABILITIES
For the year ended 5 April 2021
|||Income|Capital||Total|2020|
|---|---|---|---|---|---|---|
|CASH FUNDS|||||||
|Cash at year end|£|129,956 £|(55,117)£||74,839 £|121,810|
|INVESTMENT ASSETS|||||||
|Market valuation provided by
Schroder & Co. Limited|||1,470,634||1,470,634|1,102,970|
|htcome due||1.005|-||1.005|-|
|TOTAL INVESTMENT ASSETS|£|1,005 £|1.470.634|£|1.471.639 £|1.102.970|
|LIABILITIES|||||||
|Management and administration expenses:|||||||
|Deloitte - accounts preparation||(2,280)|||(2,280)|(2,232)|
|Lakh Rose Limited - Independent examination
TOTAL LIABILITIES|£|(1,800)
(4,080) £||£|(1 ,800)
(4,080) £|(900)
(3,132)|
|TOTAL UNRESTRICTED FUNDS|£|126,881 £|1,415,517|£|.1.542,398 £|1,221,648|
A oved by the trustee and s
P
Sir John Kemp-Welch
## lst . 2.02..z... F;h,..-
Date
DocuSign Envelope ID: 782B86FD-4DC8-4E3C-82A4-EE541C945A74
## JOHN AND DIANA KEMP-WELCH CHARITABLE TRUST
## NOTES TO THE FINANCIAL STATEMENTS
For the year ended 5 April 2021
## l ACCOUNTING POLICIES
The financial statements are prepared on a Receipts and Payments basis in accordance with Section 133 of the Charities Act 201 1
Particular accounting policies adopted by the trustees are describri n **e** d below
## a) Income and expenditure
Income and expenditure is accounted for on a receipts and payments basis.
## b)
## Investments
Investments listed on a recognised stock exchange are shown in the statement of assets and liabilities at their market value at the year end. The valuation was provided by Cazenove Limited
## 2. OTHER EXPENDITURE
|2.|OTHER EXPENDITU|RE|||||||
|---|---|---|---|---|---|---|---|---|
|||||Income|Capital||Total|2020|
||Custody lies
S||||1 ,174||1 ,174|1 ,240|
||Investment managemen
[ fees||||1 ,337||1 ,337|5,714|
||Accountancy fees:-||||||||
||Accounts preparation|||2,232|||2,232|2, 160|
||Independent examination|||||||840|
||Bank charges|||270|||270||
||LEI renewal fee||||75||75||
||Advisory mandate lies||||3,447||3,447||
||Page 5||£|2,502 £|6,033|£|8,535 £|9.954|
|3|INVESTMENT ASSETS|||2o2]|||2020||
||Quoted investments||||||||
||Market value at 6 April|2020||1,102,970|||1 ,524,246||
||Additions at value/cost|||36,239|||233,567||
||Disposal proceeds||||||(205,084)||
||Realised and unrealized|gains/(losses)||331 ,425|||(449,759)||
||Market value at 5 April|2021|£|1,470,634||£|1,102,970||
||Book Cost at 5 April 2021||£|1.151.569||£|1 .1 1 5.329||
|4.|CAPITAL INTRODUCED||||||||
No capital has been introduced for the year ended 5 April 202 1
DocuSign Envelope ID: 782B86FD-4DC8-4E3C-82A4-EE541C945A74
## JilIN AND DIANA KEMP-WELCH CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS For the year ended 5 April 2021
> 5 DONATIONS
||||||
|---|---|---|---|---|
|DONATIONS||2021||2020|
|Abf The Army's National Charity||||500|
|All Saints Soulbuiy PCC||||500|
|Arundel Castle Cricket Foundation||||I ,ooo|
|At The Bus||||500|
|Canine Partners||||500|
|Chance To Shine||5,000||5,000|
|:helseaPhysic-Garden-||.Looo||.bobo|
|Countess Of Brecknock Hospice|||||
|Cricff Highland Gathering Charitable Trust||||500|
|Dick Bridgeman Tra Foundation||2,500||2,500|
|Disabled Sailors Association||I,ooo|||
|East Anglian Air Ambulance|||||
|Essex Community Foundation||I ,ooo|||
|Essex Community Foundation Essex Rural Fund||||I ,ooo|
|First Step||I ,ooo|||
|Friends Of Dunkeld Cathedral||||500|
|Friends of Anglican Community Fund||5,000|||
|Game And Wildli fe Conservation Trust||5,000||15,000|
|Gamekeepers Welfare Trust||||500|
|Glass Door Homeless Charity||||I ,ooo|
|Kolvedon Rotary Club||||500|
|Lions Intemational||||500|
|National Rheumatoid Arthritis Association||||I ,ooo|
|Physics Partners||2,000|||
|Reed's School Foundation Appeal||2,500||2,000|
|Royal Botanic Gardens||||5,000|
|Royal Horticultural Society||2,500||2,500|
|School Home Support||1 ,500|||
|St Lukes Church||5,000|||
|St Lukes and Christchurch||||5,000|
|St Peter's Church Ousden||||500|
|The Archbishop Anglican Communion Fund||||5,000|
|The British Nepal Society||2,000|||
|The Clink Charity||||250|
|The Ditchley Foundation||lO.ooo|||
|The Kew Foundation||5,000|||
|The Zetland Foundation||||2,500|
|Tumer Syndrome Support Society||3,000||5,000|
|Winchester College||5,000||6,000|
|Wix Young Farmers||||500|
|Young Concem Trust||4,000||4,000|
||£|64.000|£|70.250|
## **Certificate Of Completion**
Envelope Id: 782B86FD4DC84E3C82A4EE541C945A74 Subject: Please DocuSign: John & Diana Kemp-Welch Charitable Trust Source Envelope: Document Pages: 10 Signatures: 1 Certificate Pages: 1 Initials: 0 AutoNav: Enabled EnvelopeId Stamping: Enabled Time Zone: (UTC) Dublin, Edinburgh, Lisbon, London
Status: Completed
Envelope Originator: Ruth Loader Head office 1 New Street Square London, London EC4A 3HQ rloader@deloitte.co.uk IP Address: 31.53.180.118
## **Record Tracking**
Status: Original Holder: Ruth Loader 2/3/2022 2:57:37 PM rloader@deloitte.co.uk
Location: DocuSign
**Signer Events Signature** Chris Dougherty chris.dougherty@lakinrose.co.uk Director Lakin Rose Limited Signature Adoption: Pre-selected Style Security Level: Email, Account Authentication (None) Using IP Address: 89.38.125.26
**Timestamp** Sent: 2/3/2022 3:05:42 PM Viewed: 2/3/2022 3:09:45 PM Signed: 2/3/2022 3:12:06 PM
## **Electronic Record and Signature Disclosure:**
Not Offered via DocuSign
|**In Person Signer Events**|**Signature**|**Timestamp**|
|---|---|---|
|**Editor Delivery Events**|**Status**|**Timestamp**|
|**Agent Delivery Events**|**Status**|**Timestamp**|
|**Intermediary Delivery Events**|**Status**|**Timestamp**|
|**Certified Delivery Events**|**Status**|**Timestamp**|
|**Carbon Copy Events**|**Status**|**Timestamp**|
|Ryan Bevan||Sent: 2/3/2022 3:12:08 PM|
|rjbevan@deloitte.co.uk|||
|Security Level: Email, Account Authentication|||
|(None)|||
**Electronic Record and Signature Disclosure:** Not Offered via DocuSign
|**Witness Events**|**Signature**|**Timestamp**|
|---|---|---|
|**Notary Events**|**Signature**|**Timestamp**|
|**Envelope Summary Events**|**Status**|**Timestamps**|
|Envelope Sent|Hashed/Encrypted|2/3/2022 3:05:42 PM|
|Certified Delivered|Security Checked|2/3/2022 3:09:45 PM|
|Signing Complete|Security Checked|2/3/2022 3:12:06 PM|
|Completed|Security Checked|2/3/2022 3:12:08 PM|
|**Payment Events**|**Status**|**Timestamps**|