**Holkham Charitable Foundation** Charity Registration No. 278928 **Trustees' report and unaudited accounts** **For the year ended 5 April 2021** ## **Holkham Charitable Foundation** ## **Legal and administrative information** **Trustees** 8th Earl of Leicester Countess of Leicester Peter Mitchell **Charity number** 278928 **Principal address** Holkham Estate Office Holkham Wells-Next-The-Sea Norfolk NR23 1AB **Independent examiner** Julie Mutton Smith & Williamson LLP Accountants Cumberland House 15 - 17 Cumberland Place Southampton SO15 2BG **Bankers** Handelsbanken Suite B 1 Prince of Wales Road Norwich NR1 1BD ## **Holkham Charitable Foundation** ## **Contents** **Page** Trustees' report 1 - 2 Independent examiner's report 3 Receipts and payments account 4 Statement of assets and liabilities 5 ## **Holkham Charitable Foundation** ## **Trustees' report for the year ended 5 April 2021** The trustees present their report and accounts for the year ended 5 April 2021. The accounts have been prepared on a receipts and payments basis and comply with the charity's governing document and applicable law. ## **Structure, governance and management** The charity was established by a charitable trust deed on 7 November 1979 and is registered with the Charity Commission, charity registration number 278928. The trustees who served during the year were: 8th Earl of Leicester Countess of Leicester Neil Morrell Subsequent to the year end, Neil Morrell resigned as a trustee and on 22 June 2021 Peter Mitchell was appointed as a trustee. The power of appointing new trustees is vested in the trustees or in the majority of the trustees should there be more than two in number. All decisions affecting the management of the Trust and its assets are taken by the trustees, who meet on a formal basis annually and regularly on an informal basis. The trustees have examined where there may be risks which the charity could face and confirm that systems have been established to enable steps to be taken to mitigate these risks. The trustees do not commit funds until they are available. ## **Objects and activities** The charity's objects are such charitable purposes as the trustees shall think fit whether in England and Wales or elsewhere. The capital and income of the trust is held for general charitable purposes. The trustees make a number of grants to medical, socially supportive, educational and cultural charities plus a number of donations to other charities. The trustees have considered the guidance provided by the Charity Commission with regard to meeting the public benefit objective. As all donations are made to registered charities, the trustees believe that the Holkham Charitable Foundation is acting for the benefit of the public. ## **Achievements and performance** During the year the Trust made grants to 30 institutions totalling £68,673 (2020: £64,450) in furtherance of the charitable objects of the Trust. ## **Financial review** During the year, the Trust received income of £80,129 (2020: £52,597), which included a donation of £62,500 (2020: £52,500) from the 8th Earl of Leicester and £10,000 (2020: nil) from the Countess of Leicester. ## **Reserves policy and plans for the future** Reserves are retained at a level sufficient to generate income for distribution by way of grants at the discretion of the trustees. ## **Plans for the future** The trustees will continue to support medical, socially supportive, educational and cultural charities. - 1 - ## **Holkham Charitable Foundation** ## **Trustees' report for the year ended 5 April 2021** ## **Trustees' responsibilities** The trustees are responsible for preparing the Trustees' report, the receipts and payments account and the statement of assets and liabilities in accordance with applicable law and regulations. The law applicable to charities in England and Wales requires the trustees to prepare a receipts and payments account and a statement of assets and liabilities. The trustees must not approve the accounts unless they are satisfied that they properly present the receipts and payments for the year and the assets and liabilities of the charity. The trustees are responsible for keeping proper accounting records which are sufficient to show and explain the Trust's transactions and disclose with reasonable accuracy at any time the assets and liabilities of the Trust and enable them to ensure that the account and statement can be properly drawn up in accordance with the Charities Act 2011, 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. On behalf of the board of trustees ## Peter Mitchell Peter Mitchell (Feb 4, 2022 09:28 GMT) ................................... **Peter Mitchell** Trustee Dated: 04/02/2022 - 2 - ## **Holkham Charitable Foundation** ## **Independent examiner's report to the trustees of Holkham Charitable Foundation** I report to the trustees on my examination of the accounts of the Holkham Charitable Foundation for the year ended 5 April 2021 which comprise the receipts and payments account and the statement of assets and liabilities. ## **Respective responsibilities of trustees and examiner 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 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: - (1) 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. ## Julie Mutton Julie Mutton (Feb 5, 2022 12:01 GMT) ## **Julie Mutton** Fellow of The Institute of Chartered Accountants in England & Wales Smith & Williamson LLP Accountants Cumberland House 15 - 17 Cumberland Place Southampton SO15 2BG 05/02/2022 Dated: - 3 - ## **Holkham Charitable Foundation** ## **Receipts and payments account for the year ended 5 April 2021** |**Income**
**Receipts**
Donations received
Interest receivable
_Total receipts - income_
**Payments**
Grants to institutions
Bank charges
_Total payments - income_
_Net movement on income_
**Cash funds last year end**
**Cash funds this year end**|**2021**
**£**
**£**
**80,126**
**3**
**80,129**
**68,673**
**22**
**(68,695)**
**11,434**
**927**
**12,361**|£
52,550
47
64,450
10|2020
£
52,597
(64,460)
(11,863)
12,790
927| |---|---|---|---| - 4 - ## **Holkham Charitable Foundation** ## **Statement of assets and liabilities as at 5 April 2021** |**Assets**
Cash funds
Gift Aid reclaimable
**Liabilities**
Accruals
Signed on behalf of the board of Trustees and authorised for issue on ....
....................................
**Peter Mitchell**
Peter Mitchell (Feb 4, 2022 09:28 GMT)
Peter Mitchell|**2021**
**£**
**12,361**
**31,250**
**43,611**
**(2,880)**
............................
04/02/2022|2020
£
927
-
927
(1,440)| |---|---|---| - 5 -