THE LOSELEY & GUXLDWAY CHARITABLE TRUST Regtstsrea CbArfty No: 267178 lieport and FIDanrlAl Statement Year ended 31rt Mar¢h 20Y
THE LOSELEY & GUILDWAY CHARITABLE IRUST Contents Paxe Legal'and.admini£Lrdlive inforniatithi .RewJrt ofihe Imsieè¥ Rcporl oFth¢ indqKndcnl examincr SLaiemenl.offinancial Activities BaIJnce sh¢cl Noies formiiig part tsf the fanCial slaternents Charitablodonalions
THE LOSELEY & GUILDWAY CIIARITABLE TRUST Lega] and admllllstrallye informatioll Trustee5 Mrs Susan More-molyneux Mr Michael More-molyneux LL Mr Alexander More-molyneux Mr6 S¢)phia More- MolyncX Prlnclpal Otfice The Estste Offices, Losel¢y Park, Guildford. Surrey, GU3 IHS IhdepeDdent Exlmfiner HarrAet Sergeant FCA Martin and Company, 25 St Thomas Street, Winchester. Hampshir4 S023 9HJ Banke CafCashLimitsd. Kings Hill. West MallinE. Ken¢ ME19 4TA Solicitors Stevens & Bolto W¢y Hous4 Farnham Road Guiidford. Suryey, GUI 4YD Invulment M•nagers M&G Investm¢nty PO Box 9038, Chelmsford. CM99 2XF
THE LOSELEY & GUILDWAY CKiRITABLE TRUST Report of the trnstees for the year ended 31 Msrch 2024 The trust¢es are ple8scd to ptesent their Teport along with the financial statements of th¢ chgrity for the year ended 31 March 2Q24. Le881 and administrative information is set out on the lrAforntitsTr pagc and fonns part of this report. The financial 8tat¢ments have been prepared in aceordance witb tbe c¢ounting policies set out In the notes to the J¢co)mts and comply with the Charity's TThsl De&l, the Charities Act 2011 and Accounting and Reporting by Charities: ststement of Re¢ommended Practiee applicable to thatities preparing their accounts in accordance with Financial Reporting Stsndard applicable in the ifK and Republic of Ireland pubJi8hed in October 2019. Constitution Th¢ Loseley & Guildway Charitable Trust is constituted under a Injst deed dated 21 December 1973 and is a rcgistered ¢barity no. 267178. The ch11Y has been funded by fllwicial and property donations from the More- Molyneux famity. Objectives ind acdviti¢s Objecdves and acdvltles The object5 of the charity are widely drawn to include making grants to charitsble associations. trusts. societies, and Co0[atiOnS whether they are Iwal, national. or international, The major part of the available fund8 tend to be di5tribuied locally to charitable Anstithtions which the trustees consider to be particularly wortby of support. A schedule of charitable donations is set out on pa I I. Publ1¢ Benefit The trust ttf1m1 that they have complied with the duty in section 17 of the Chalilies Act 2011 and have r¢fert¢d to the guidanc¢ contained in the Charity Commission's general guidance on public benefit when r¢viewillg the Cbarity's ain and objcctives and in planning future activities and setting the don8tion5 policy for the y&qr. As tteeS we believe we are providing public bcnefit to others which may othctivise have not been in a position to afford to do so without such help. We eJ)deavour lo make sur¢ were this is indirectly done through a third paty. as trustees we are diligent in reviewing those third parties. previous aGtiviti¢s to ensure they will achi¢ve our stated Charttable goals Trultees The tteeS who have served during the year are set out on pagc 2. The ttwte&8 are appointed by the board of trustees. The trnstees are sele¢ted on the basis of their un<krstanding of the issues faciog the Trust and arj understanding of its underlying airns and objectives. The ttustees meet quarterly to dis¢uss the financial gituation and propety matters and rcquests for donations.
THE LOSELEY & GUILDWAY CHARITABLE TRUST Report ofthe trustees for the year eDded 31 Mar¢h 2024 (condnued) Reserves pollcy The reserves of ihe charity principally CQmPLlSe the properties and investments which provide the income from which th¢ cl)arity is able to make donations atxl support its charltable a¢tivities. It is the policy Of the tteeS to di&tribute the income annually subject io r¢tsining sufficient fid$ at Ihe bank to cover ongoing expenditure. Non¢ of the funds of thc charity are rc8tricted funds. Risk mAnagement The trustees hav¢ ¢xaD]ined the major iisks that the fa5 and confinn that the necessary steps have been taken to review 2nd redu thes¢ risks on a regular basis. Aehleyem¢nts and perforniance Durills the year 28 chariti¢s wer¢ supported with donaiions ranging from £100 to £5.(K)O whidL has allowed each beneficiary to further its own charitable aims. The trte considered each donation to ensure it use would fit with The Loseley & Guildway Charitable Trnst's own charitsble aims. We believe we have met those intended aims throughout the year and continue to comply with the ChaTity Commissions guidance on public benefit. Inanelai revleiv DuriThg the ye&t the investments were managed by M&G who report quarterly to the tnjstees on the perforniance of the portfolio. The trustees reviewed the perfonnan¢e to ensure the ndS of the ChaTity were not placed at undue risk and the perfornisnce met with ¥xpeGtations. Total income for the ye8T was £81.608. Of this £39.322 was r¢lated to investment income - an increase of £2,613 on the previous year. Total expenditt]re for the year £109,572 of which £58,350 comprised donations. The investsneni maTket value decr¢ased by £9,826 (£716.630 cotnpared to £726,456). Trustee5' respon$ibllities In rclation to lh¢ flnanelal statements The trustees are required by law to prepare fmancial stat¢ments for each financial year which give a and fair view of the State of affaiTS of the chaTity &s at the end of the financial year at)d of the sU]S or deficit for that period. The ttuste¢s confiiTh that appli¢abl¢ accounting 8tandanl8 have been followed and that the financial Statements have been PTei)ared on the going concern basis. The Iwstee5 are responsible for maintailling adequate accounting records. for saleguardin8 the assets of t charity, and for t&king Teasonable steps to prevent and detect fraud and other Iegularlties. and signed on their behaIf by.. Approve by the tru Dat¢
THE LOSELEY & GUILDWAY CHARITABLE TRUST Independent Examiner'$ Report to the Trnstees of L•seley Chrlstlgn Trust I report to the cbxrity trustees on my examination of the accounts of the thuity for the year ¢nded 31 Mar¢h 2024 which set out on pages two to four and six to eleve Responsibillties and b45is of report As the charity's tnkgtees. you are responsibl¢ for the preparation of the accounts in accoidan¥v with the requitements of th¢ Charities Act 2011 C*h¢ Act"). I report in respccl of my examination of the Trust's accounts callied out und¢r section 145 of tbe 2011 Act and in carrying out my eXamItio I hav¢ followed all the applicable Directioy)s given by the Charity Commi8sion under 8e¢tion 145(5)(b) of the ACL IndtptDdent erniner's st•tement I have comple¢ed my examination. l Confirm that no material matters have come to my attention in connection with the exarnination which givcs me cause to beli¢ve thai in. any tnaterial respect: th¢ a¢¢ountiThg r¢wrds werB not kept in accordance with se¢tAon 130 of th¢ Charities A¢t' or the accowits did not accord with the accounting reeords. or the accounts did not comply with the applicable requirement5 concerning the forni and content of accounts set out in the CJLarities (Accounts and Reports) Retirts 2008 other than any requirement that the accounts Eive a 'tre and fair. view which is not a matter considered as part of an independent examination. I have oo ncernS and have come across no other matters in conn¢¢tion with thc examination lo which attention sI1d be drawn in this report in order to enable a prop¢r undeL%tanding of the &ccounts to be r¢arh¢d. HatTiet SeTgeani FCA Martin and Company 25 St Thoma5 Street Witlchester Hampshirc S023 9HJ Dated.
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