## **The Buckland Charitable Trust**
## **Unaudited**
**Annual report and accounts for the year ended 5 April 2021**
**Registered Charity No. 273679**
## **The Buckland Charitable Trust**
## **Contents**
|Report of the Trustees
Report of the Independent Examiner
Receipts and payments account
Statement of assets and liabilities
Notes|Pages|
|---|---|
||2 & 3
4
5
6
7 - 8|
1
## **The Buckland Charitable Trust**
## **TRUSTEES' REPORT**
Eleanor Katharine Mary Afsari
SETTLOR Eleanor Katharine Mary Afsari TRUSTEES Ali Reza Afsari Anna Rose Bannister Paul Bannister CREATED Trust deed dated 25 April 1977 CHARITY NUMBER 273679 REGISTERED ADDRESS 25 Moorgate, London, EC2R 6AY ACCOUNTANTS Smith & Williamson LLP Onslow House, Onslow Street, Guildford, GU1 4TL INDEPENDENT EXAMINER Susan Kumar ACA, Holden Granat LLP Springfield House, 23 Oatlands Drive, Weybridge, KT13 9LZ SOLICITORS Cartmell Shepherd Viaduct House, Carlisle CA3 8EZ INVESTMENT ADVISORS Smith & Williamson Investment Services Ltd AND BANKERS 25 Moorgate, London, EC2R 6AY
The trustees shall hold the trust fund and income thereof for such charitable foundations and for such charitable purposes as the trustees in their absolute discretion shall from time to time think fit.
The power to appoint new trustees vested with the settlor during her life time. Following the settlor's death, the power to appoint new trustees is now vested in the current trustees. There were no changes of trustees during the year. The trustees' decisions are made by a majority vote.
The entire Trust Fund and income thereof is held for unrestricted purposes.
The income and expenditure of the charity are shown in the receipts and payments account on page 5.
The trustees acknowledge that they have a responsibility to review whether the charity is exposed to any major risks. The main risks that the charity is exposed to are a fall in value of the investments held and a fall in investment income received. To minimise these risks the trustees have employed professional investment advisors to review the portfolio on a regular basis.
The stockbrokers have been instructed by the trustees to adopt a medium risk policy of investment, and to generate an annual income in excess of £30,000 per annum. The stockbrokers have been instructed not to invest in companies whose business interests are in tobacco, gambling, alcohol or armaments. The trustees have also advised that they do not wish to invest in Israeli companies.
The stockbrokers have been instructed by the trustees to seek to increase the value of the investment portfolio over the long term. The trustees consider the Charity’s finances are in a strong position and enable the future to be faced with confidence.
2
**The Buckland Charitable Trust**
## **TRUSTEES' REPORT - Continued**
The Buckland Charitable Trust has had another successful year, providing over £45,400 in support of our chosen charities.
As ever the trustees have been vigorous in assessing whether previously supported charities still meet the criteria for receiving support, and in one or two cases, support has been withdrawn. The trustees aim to provide support to a diverse range of charities ranging from small local charities to large International ones.
As ever the thanks from the charities has been much appreciated as have updates on how the support impacts those receiving it.
We have also tried to respond to particular appeals from our regular charities in order to maximise the impact our support can provide.
We look forward to continuing this support through the next year. The Trustees have considered the impact of Covid-19 on the activity of the Trust and have concluded that the Trust will be able to continue to operate as planned for the forseeable future. It is likely that the impact of the pandemic will increase the needs of some charities and this may result in increased grant expenditure in the future.
The principles of public benefit, as defined by the Charity Commission, have been noted by the trustees. The trustees confirm having given regard to the Charity Commission's guidance and state their belief that the charity provides identifiable benefits to a section of the public.
The trustees consider that they have adequate resources to meet current liabilities.
## **Trustees' responsibilities**
The trustees are responsible for keeping adequate records which are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial postion of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Board of Trustees on 5 April 2022
and signed on its behalf by Ali Afsari, Trustee
3
**The Buckland Charitable Trust**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES**
I report on the accounts of the Buckland Charitable Trust for the year ended 5 April 2021 which comprise the Receipts and Payments Account, the Balance Sheet and the related notes 1 to 6.
## **Respective responsibilities of trustees and examiners**
As the charity's trustees you are responsible for the preparation of the accounts. You consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to examine the accounts under section 145 of the 2011 Act, follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act, and state whether particular matters have come to my attention.
## **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 the charity and a comparison of the accounts presented with those records. It is 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 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 s130 of the 2011 Act; and
to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
- -2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Susan Kumar ACA Holden Grant LLP Date: 6 April 2022
Springfield House, 23 Oatlands Drive, Weybridge, Surrey KT13 9LZ
4
**The Buckland Charitable Trust**
## **RECEIPTS AND PAYMENTS ACCOUNT for the year ended 5 April 2021**
|**Receipts**
From assets:
Deposit interest
Investment income
Overseas tax repayment
Disposal proceeds
Total receipts
**Payments**
Charitable activities direct expenditure:
Donations
Other expenditure - administration
Investment purchases
Total payments
**Net (payments) for the year**
**Bank account balances at 6 April 2020**
**Bank account balances at 5 April 2021**|Notes
**2021**
**£**
**-**
**30,082**
**-**
**453,556**
**483,638**
6
**45,400**
2
**21,778**
**428,990**
**496,168**
**(12,530)**
**36,756**
£
**24,226**|**2020**
**£**
**-**
**42,134**
**712**
**679,604**
**722,450**
**49,300**
**21,324**
**655,776**
**726,400**
**(3,950)**
**40,706**
**36,756**|
|---|---|---|
5
**The Buckland Charitable Trust**
## **STATEMENT OF ASSETS AND LIABILITIES at 5 April 2021**
|**Investment Assets**
Investments
**Assets**
Cash and bank balances:
Dividend account
Cheque Deposit account
Investment Deposit account
Prepayments - (LEI fee)
Total cash
**Liabilities**
Investment management fees
Accountancy
Independent examiner's fees
Total Liabilities|Notes
1.2
£
£|**2021**
**2020**
**2,345,515**
£
**1,901,789**
**10,475**
**25,793**
**-**
**-**
**13,752**
**10,963**
**72**
**-**
**24,299**
**36,756**
**(4,645)**
**(4,138)**
**(3,300)**
**(2,640)**
**(755)**
**(690)**
**(8,700)**
**(7,468)**|
|---|---|---|
Approved by the Board of Trustees on 5 April 2022
and signed on its behalf by Ali Afsari, Trustee.
The notes on pages 7 to 8 form part of these accounts.
6
**The Buckland Charitable Trust**
## **NOTES TO THE ACCOUNTS for the year ended 5 April 2021**
## 1) **Accounting policies**
- 1.1 These Accounts have been prepared on a receipts and payments basis and in accordance with applicable accounting standards and Charities Act 2011.
- 1.2 Investments
Investments are valued at mid-market value at 5 April 2021.
## 2) **Administration expenditure**
|Cost of raising funds
Investment management fees
Governance costs
Accountancy charges
LEI fee
Independent Examiners fees
Total administration expenditure
**£**|**2021**
**£**
**17,644**
**17,644**
**3,300**
**144**
**690**
**4,134**
**21,778 £**|**2020**
**£**
**17,922**
**17,922**
**2,640**
**72**
**690**
**3,402**
**21,324**|
|---|---|---|
## 3) **Related party transactions and Trustees' remuneration**
No expenses were reimbursed to any of the trustees during the year ended 5 April 2021 (2020: None). None of the trustees received any remuneration during the year ended 5 April 2021 (2020: None).
## 4) **Going concern**
The trustees are confident that the charity will continue to be a going concern and the financial statements have been prepared on this basis.
## 5) **Taxation**
As a charity, the trust is exempt from tax on income and gains falling within sections 524 and 536 of the Income Taxes Act 2007 or section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
7
## **THE BUCKLAND CHARITABLE TRUST**
## **NOTES TO THE ACCOUNTS for the year ended 5 April 2021**
|6) **Donations**
ADD
Action for Children
Alzheimers Disease Society
Beechwood Cancer Care
Bishop Simeon Trust
Calvert Trust
Camphill Village Trust
Cancer Research
Carlisle & Northlake Hospice at Home
Children North East
Children with Leukaemia
Children's Heart Unit Fund
Children with Cancer UK
Cumbria Family Support
Cycling Without Age
Eden Valley Hospice
Find Your Feet
Forward Assist
Great North Air Ambulance Service
Hope & Homes for Children
Little Heart Matters
Inspire Foundation
Macmillan Cancer Relief
MAP
Medicial Aid for Palestinians
Medecins Sans Frontieres
MIND
Moredun Foundation
Multiple Sclerosis Society
North Lakeland Hospice at Home
Nottingham Refugee Forum
Pearl of Africa
Scope
SENSE
Spirit of Africa
St Abbs Independent Lifeboat
Water Aid
Alzheimers Disease Society - Returned Cheque
Medecins Sans Frontieres - Returned Cheque||**2021**
**£**
**-**
**2,000**
**1,000**
**2,000**
**2,000**
**2,000**
**1,000**
**4,000**
**1,000**
**1,000**
**-**
**-**
**2,000**
**1,000**
**1,500**
**2,000**
**-**
**1,000**
**2,000**
**1,000**
**3,000**
**1,000**
**2,000**
**-**
**2,000**
**4,000**
**1,000**
**400**
**1,000**
**-**
**2,000**
**-**
**1,000**
**1,000**
**-**
**2,000**
**1,000**
**(2,000)**
**(500)**
**45,400**||**2020**
**£**
**500**
**-**
**1,000**
**2,000**
**2,000**
**2,000**
**1,000**
**4,000**
**1,000**
**1,000**
**2,000**
**1,000**
**-**
**-**
**-**
**2,000**
**1,000**
**-**
**4,100**
**1,000**
**-**
**1,000**
**3,000**
**2,000**
**1,000**
**4,000**
**1,000**
**700**
**1,000**
**500**
**2,000**
**500**
**500**
**1,000**
**2,000**
**2,000**
**1,500**
**-**
**-**
**49,300**|
|---|---|---|---|---|
8