THE RADFIELD TRUST
Trustee’s Report
Registered Charity No 279552
Principal Office Bridge House Old Hutton Kendal Cumbria LA8 0NH
The Trustees present their Report and Financial Statements for the year ended 5 April 2025.
The Trustees on 5 April 2025 and during the year were JE Williams, TG Williams and JJ Williams.
The Radfield Trust was founded in 1979 by deeds dated 8 May 1979 and 4 February 1980. The number of trustees is required to be between two and five and appointments are made by the present trustees.
The objects of the Charity authorised under the Deeds are for such charitable purposes as comply with the law and are at the absolute discretion of the Trustees. With limited incoming resources they have decided that it is best and most economical to administer the Charity themselves. Accordingly, they search for mainly but not exclusively registered charities to be selected at the Trustees’ discretion. There is no restriction on the range of charitable objects and purposes to be helped.
Under the Trust Deeds there are wide powers of investment with no restrictions. In considering the appropriate policy to be adopted the Trustees concluded that quoted charity-sector investment trusts meet their requirements. The underlying investments of the trusts chosen since 1990 provide a wide spectrum of investments, which over the years have generated satisfactory income and capital. These funds are managed by Black Rock Investment Management (UK).
The Radfield Trust only makes donations and grants on a short-term basis. Accordingly, the Trustees consider that there is no requirement to hold free reserves beyond any immediate commitments for administration expenses. They also consider that the Trust has minimum risk exposure.
Donations of £22,000 were made during the year to Dementia UK (£10,000), The Alzheimer’s Society (£10,000) and the Kirkby Lonsdale Fire Recovery Fund (£2,000).
Approved and signed by the Trustees on 30 May 2025.
…………………………………….. JE Williams
……………………………………. TG Williams
……………………………………. JJ Williams
THE RADFIELD TRUST
Minutes of Resolutions passed by the Trustees on 30 May 2025
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(1) The Report and Accounts for the year ended 5 April 2025 were received, considered, and approved for signature.
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(2) The Trustees confirmed their approval of the distributions for the year totaling £22,000.
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(3) The Trustees confirmed their approval of the investments at 5 April 2025.
……………………………………J E Williams (Trustee)
…………………………………….T G Williams (Trustee)
……………………………………. JJ Williams (Trustee)
THE RADFIELD TRUST
Balance Sheet
5 April 2025
| 5 April 2025 | 5 April 2024 | |
|---|---|---|
| Net Assets | ||
| Quoted Investments at market value | 209,399 | 222,200 |
| Bank deposits | 8,586 | 5,565 |
| Net Assets | 217,985 | 227,765 |
| Represented by | ||
| Trust Funds (unrestricted) | ||
| Accumulated Funds | 227,765 | 219,763 |
| Add current year surplus / deduct deficit | 3,021 | 1,829 |
| Increase / (decrease) in value of investments | (12,801) | 6,173 |
| Accumulated Funds | 217,985 | 227,765 |
Approved on 30 May 2025
…………………………………… J E Williams (Trustee)
………………………………… T G Williams (Trustee)
……………………………………. JJ Williams (Trustee)
THE RADFIELD TRUST
Quoted Investments
5 April 2025
| Blackrock Charities UK Equity Fund A 18,167,802 units (Income) Blackrock Charities UK Bond Fund A 1,664.496 units (Accumulation) Unrealised gains on investments |
Book Value £ 29,149 13,735 42,884 |
Market Value £ 137,816 71,583 209,399 166,515 |
|---|---|---|
During the year £2,851 of dividends were added to the Accumulation Units.
THE RADFIELD TRUST
Statement of Financial Activities
Year ended 5 April 2024
| Net incoming resources for the year Increase/(decrease) in cash at bank – see Cash Flow Statement Change in valuation of Investment assets Values at 5 April 2025 209,399 Values at 5 April 2024 222,200 Movement in funds Funds at 5 April 2023 Funds at 5 April 2025 |
£ 3,021 (12,801) 9,780 227,765 |
|---|---|
217,985 |
THE RADFIELD TRUST
Cash Flow Statement
Year ended 5 April 2025
| 5 April 2025 | 5 April 2024 | |
|---|---|---|
| £ | £ | |
| Investment Income | 5,066 | 4,876 |
| Interest income | 16 | 13 |
| Sale of investments | 20,000 | - |
| Total income | 25,082 | 4,889 |
| Donations | (22,000) | (3,000) |
| Bank charges | (61) | (60) |
| Surplus / (Deficit) of income over expenditure | 3,021 | 1,829 |
| Cash at Bank 5 April 2024 | 5.565 | 3,736 |
| Cash at Bank 5 April 2025 | 8,586 | 5,565 |
THE RADFIELD TRUST
Donations
Year ended 5 April 2025
| Date | Recipient | Amount |
|---|---|---|
| December 2024 | Kirkby Lonsdale Fire Recovery | 2,000 |
| Match 2025 | Dementia UK | 10,000 |
| March 2025 | Alzheimer’s Society | 10,000 |
| Total | £22,000 |
£22,000