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Trustees' Annual Report for the period
Period start date Period end date Day Month Year Day Month Year From 03 April 2020 To 02 April 2021
Section A Reference and administration details
Charity name Mrs Edith Ellen Harris Will Trust
Other names charity is known by Registered charity number (if any) 263945
Charity's principal address Trustee Department 1[st] Floor, Trinity Quay 1 Avon Street, Bristol Postcode BS2 0PT
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Royal Bank of Scotland Plc |
||||
| Lynn Neligan | Chair | |||
| Names of the trustees for the charity, if any, (for example, any custodian trustees) | ||||
| Name | Dates acted if not for whole year | |||
Names and addresses of advisers (Optional information)
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| Type of adviser Name Address |
Type of adviser Name Address |
Type of adviser Name Address |
|---|---|---|
| Investment Managers | Royal Bank of Scotland Plc |
440 The Strand, London, WC2R 0QS |
| Bankers | Royal Bank of Scotland |
440 The Strand, London, WC2R 0QS |
| Solicitors | Hugh James | Hodge House, 114-116 St Mary Street, Cardiff, CF10 1DY |
| Independent Examiner | Geoffrey Frost | Blue Spire Limited, Cawley Priory, South Pallant, Chichester, West Sussex, PO19 1SY |
Name of chief executive or names of senior staff members (Optional information)
Section B Structure, governance and management
Description of the charity’s trusts
Will dated 29 April 1959 with codicil dated 11 August 1959 proved 2 June Type of governing document 1965
- (eg. trust deed, constitution)
Will trust
How the charity is constituted
- (eg. trust, association, company)
Trustees are appointed the trustees. Trustee selection methods
- (eg. appointed by, elected by)
Additional governance issues (Optional information)
You may choose to include additional information, where relevant, about:
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policies and procedures adopted for the induction and training of trustees;
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the charity’s organisational structure and any wider network with which the charity works;
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relationship with any related parties;
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trustees’ consideration of major risks and the system and procedures to manage them.
Section C Objectives and activities
Summary of the objects of the charity set out in its governing document
The objects of the charity are to pay the income of the trust to the Christian Science Board of Directors of the Mother Church the First Church of Christ Scientist in Boston Massachusetts to be used in Great Britain for the promotion and extension of the religion of Christian Science as taught by Mary Baker Eddy in the Christian Science text book “Science and Health with key to the Scriptures”.
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In furtherance of the charity’s objects for the public benefit the trustees shall provide grants. In determining the charity’s activities the trustees have had regard to the Charity Commission’s guidance on public benefit.
Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)
Additional details of objectives and activities (Optional information)
You may choose to include further statements, where relevant, about:
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policy on grantmaking;
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policy programme related investment;
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contribution made by volunteers.
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Section D Achievements and performance
Summary of the main During the year under review the charity made grant payments in achievements of the charity furtherance of its objects amounting to £24,464 as shown in the notes to during the year the accounts.
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Section E Financial review
Brief statement of the
charity’s policy on reserves
At the end of the reporting period the charity had free reserves amounting to £6,394 (2020: £5,531).
In addition to the free reserves the charity has cash balances of £11,176 (2020: £95,531) and investments with a value of £1,826,908 within the expendable endowment fund which can be released to support the activities of the charity.
The Trustees pursue a policy of maintaining a free reserve available to be spent in the furtherance of the charity’s objectives, as well as covering future needs, opportunities, contingencies and risks.
Details of any funds materially in deficit
Further financial review details (Optional information)
You may choose to include additional information, where relevant about:
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the charity’s principal sources of funds (including any fundraising);
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how expenditure has supported the key objectives of the charity;
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investment policy and objectives including any ethical investment policy adopted.
Section F Other optional information
Section G 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)[Faye Mason ] On behalf of Royal Bank of Scotland Plc
Position (eg Secretary, Chair, etc)
Date 03 February 2022
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Charity Name No (if any) Mrs Edith Ellen Harris Will Trust 263945 Receipts and payments accounts CC16a For the period Period start date Period end date To from 03 April 2020 02 April 2021
| Section A Receipts and payments | Section A Receipts and payments | |||||
|---|---|---|---|---|---|---|
| A1 Receipts | Unrestricted funds to the nearest £ 25,315 - 12 - - - - - 25,327 - - - 25,327 24,464 - 740 - - - - - - - 25,204 - - - 25,204 123 740 5,531 6,394 |
Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Endowment funds to the nearest £ - - - - - - - - - 1,327,807 - 1,327,807 1,327,807 - 24,270 - - - - - - - - 24,270 1,387,152 - 1,387,152 1,411,422 (83,615) (740) 95,531 11,176 |
Total funds to the nearest £ 25,315 - 12 - - - - - 25,327 1,327,807 - 1,327,807 1,353,134 24,464 24,270 740 - - - - - - - 49,474 1,387,152 - 1,387,152 1,436,626 (83,492) |
Last year to the nearest £ |
|
| Income from investments | 25,315 | 38,105 | ||||
| Income from bank interest | - | 141 | ||||
| Grount rent - 61 Grafton Street | 12 | 36 | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| Sub total(Gross income for AR) |
25,327 | 38,282 | ||||
| A2 Asset and investment sales, (see table). |
||||||
| Sale of investments | - | 843,644 | ||||
| - | - | |||||
| Sub total | - | 843,644 | ||||
| Total receipts A3 Payments |
||||||
| 881,926 | ||||||
| Grants awarded | 24,464 | 39,034 | ||||
| Investment and administration fees | - | 24,323 | ||||
| Independent examination | 740 | 400 | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| **Sub total ** | 25,204 | 63,757 | ||||
| A4 Asset and investment purchases, (see table) |
||||||
| Investmentpurchases | - | 744,851 | ||||
| - | ||||||
| **Sub total ** | - | 744,851 | ||||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
||||||
| 808,608 | ||||||
| 123 | - | (83,615) | (83,492) | 73,318 | ||
| 740 | - | (740) | - | - | ||
| 5,531 | - | 95,531 | 101,062 | 27,744 | ||
| 6,394 | - | 11,176 | 17,570 | 101,062 |
CCXX R6 accounts (SS)
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Section B Statement of assets and liabilities at the end of the period
| Categories Signed by one or two trustees on behalf of all the trustees B1 Cash funds B2 Other monetary assets B3 Investment assets B4 Assets retained for the charity’s own use B5 Liabilities |
(agree balances with receipts and payments account(s)) Details Capital account Reserve account Income account Total cash funds Details Details Investment portfolio Details Details Investment and administration fees Independent examination Signature |
Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - 6,394 - 6,394 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - Fund to which asset belongs Cost (optional) Endowment - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) Endowment 6,500 Unrestricted 780 - - - Print Name Faye Mason On behaf of Royal Bank of Scotland Plc |
Endowment funds to nearest £ 11,176 - - 11,176 OK Endowment funds to nearest £ - - - - Current value (optional) 1,826,908 - - - Current value (optional) - - - - - - - - - When due (optional) Date of approval 03 February 2022 |
|---|---|---|---|
CCXX R7 accounts (SS)
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Section C Notes to the Accounts
C1 Nature and purpose of funds (may be Expendable endowment funds are those which are required to be invested to produce income but which may be stated on analysis of funds worksheets) transferred to unrestricted funds at the discretion of the trustees in order that they may be expended in furtherance of the charity's objectives. Unrestricted income funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. C2 Grants to institutions Recipient - 1 grant unless annotated £ The Christian Science Trust In Great Britain 4 payments 24,464 24,464 C3 Related party transactions No trustee received any remuneration nor reimbiursed any expenses in the year under review. During the period under review Royal Bank of Scotland Plc, a trustee of the charity, were paid fees for the provision of administration and investment management services amounting to £24,270 (2020: £24,323) as authorised under clause 9(iii) of the will trust.
CCXX R8 accounts (SS)
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Independent Examiner's Report to the Trustees of Mrs Edith Ellen Harris Will Trust
I report to the charity trustees on my examination of the accounts of the charity for the year ended 02 April 2021 as set out on pages 6 to 8.
Responsibilities and basis of report
As the charity’s trustees 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 2. 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.
03 February 2022
Geoffrey Frost BSc(Hons) FCA Date Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY
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