## **Trustees' Annual Report for the period** Period start date Period end date Day Month Year Day Month Year **From** 06 April 2022 **To** 05 April 2023 ## Section A Reference and administration details **Charity name**[The Coutts Staff Benevolent Trust incorporating The ] Coulthurst Fund (linked charity) **Other names charity is known by Registered charity number (if any)** 279812 **Charity's principal address** One Redcliff Street Bristol **Postcode** BS1 6TP ## **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
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||TLT LLP|||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ## **Names of the trustees for the charity, if any, (for example, any custodian trustees)** **Name Dates acted if not for whole year** March **2012** **TAR** 1 ## **Names and addresses of advisers (Optional information)** |**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**| |---|---|---| |**Type of adviser**
**Name**
**Address**||| |**Investment Managers**|Coutts & Co|440 The Strand, London, WC2R 0QS| |**Bankers**|Coutts & Co|440 The Strand, London, WC2R 0QS| |**Solicitors**|TLT LLP|One Redcliffe Street, Bristol, BS1 6TP| |**Accountants**|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** Type of governing document Trust deed dated 20 March 1980 - (eg. trust deed, constitution) How the charity is constituted Trust - (eg. trust, association, company) Trustee selection methods Trustees are appointed by the trustees. - (eg. appointed by, elected by) ## **Additional governance issues (Optional information)** You **may choose** to include additional information, where relevant, about: - policies and procedures adopted for the induction and training of trustees; - the charity’s organisational structure and any wider network with which the charity works; - relationship with any related parties; - trustees’ consideration of major risks and the system and procedures to manage them. ## **Section C Objectives and activities** The objects of the charity are to pay or apply or cause to be paid or applied at such time or times and in such manner as the trustees shall in the discretion think fit the income and if and in so far as the trustees shall think fit the capital of the trust fund in or towards: **Summary of the objects of the** think fit the capital of the trust fund in or towards: **charity set out in its** (a) The relief of any person who at any time is or has been employed by **governing document** the bank and who is poor - (b) The relief of any poor spouse former spouse widow widower child orphan relative or dependant if any person who at any time is or has been employed by the bank March **2012** **TAR** 2 (c) Such charitable bodies or for such other purposes as shall be exclusively charitable as the trustees shall from time to time decide. . In furtherance of the charity’s objects for the public benefit the trustees provides 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: - policy on grantmaking; - policy programme related investment; - contribution made by volunteers. March **2012** **TAR** 3 Section D Achievements and performance **Summary of the main** During the year under review the charities made 2 grant to individuals **achievements of the charity** totalling £4,928 as disclosed in the notes. **during the year** March **2012** **TAR** 4 ## **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 £90,382 (2022: £72,153). In addition to the free reserves the charity has bank balances of £5,111 (2022: £11,849) and investment assets of £952,082 within the expendable endowment fund. 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: - the charity’s principal sources of funds (including any fundraising); - how expenditure has supported the key objectives of the charity; - 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)**[Deborah Gale ] On behalf of TLT LLP **Position (eg Secretary, Chair, etc)** **Date** 20 February 2024 March **2012** **TAR** 5 |**Charity Name**|||**No (if any)**||| |---|---|---|---|---|---| |**The Coutts Staff Benevolent Trust incorporating The Coulthurst Fund (linked charity)**|||**279812**||| |**Receipts andpayments accounts**|||||**CC16a**| ||Period start date||Period end date||| |**For the period from**|06 April 2022|**To**
**To**|05 April 2023||| |**Section A Receipts and payments**|**Section A Receipts and payments**|||||||| |---|---|---|---|---|---|---|---|---| |**A1 Receipts**|**The Coutts**
**Staff**
**Benevolent**
**Trust**
**Unrestricted**
**funds**
**to the nearest £**|**The Coulthurst**
**Fund**
**Unrestricted**
**funds**
**to the nearest £**
**-**
**1,766**
**60**
**-**
**-**
**-**
**-**
**-**||**Restricted**
**funds**
**to the nearest £**|**The Coutts**
**Staff**
**Benevolent**
**Trust**
**Endowment**
**funds**
**to the nearest £**|**The Coulthurst**
**Fund**
**Endowment**
**funds**
**to the nearest £**|**Total funds**
**to the nearest £**|**Last year**
**to the nearest £**| |Legacyreceipts|**10,000**|**-**||**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**-**|**-**|**10,000**
**17,119**
**523**
**1,135**
**-**
**-**
**-**
**-**|**-**| |Investment income|**15,353**|**1,766**|||**-**|**-**||**14,519**| |Income from bank interest|**463**|**60**|||**-**|**-**||**29**| |Return ofprofessional fees|**1,135**|**-**|||**-**|**-**||**-**| ||**-**|**-**|||**-**|**-**||**-**| ||**-**|**-**|||**-**|**-**||**-**| ||**-**|**-**|||**-**|**-**||**-**| ||**-**|**-**|||**-**|**-**||**-**| |**_Sub total_**_(Gross income for_
_AR)_|

**26,951**|**1,826**||**-**|**-**|**-**|**28,777**|**14,548**| |||**-**
**-**||||||| |**A2 Asset and investment sales,**
**(see table).**||||||||| |Sale of investments|**-**|**-**||**-**
**-**|**545,021**|**62,517**|**607,538**
**-**|**360,088**| ||**-**|**-**|||**-**|**-**||**-**| |**_Sub total_**|**-**|**-**||**-**|**545,021**|**62,517**|**607,538**|**360,088**| |**_Total receipts_ **
**A3 Payments**||||||||| ||**26,951**|**1,826**||**-**|**545,021**|**62,517**|**636,315**|**374,636**| |||**-**
**-**
**-**
**-**
**4,116**
**-**
**-**
**242**
**-**||||||| |Grants awarded|**4,928**|**-**||**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**-**|**-**|**4,928**
**3,764**
**-**
**1,546**
**8,131**
**-**
**-**
**484**
**-**|**350**| |Inv mgmt and admin|**-**|**-**|||**3,384**|**380**||**7,006**| |Independent examination|**-**|**-**|||**-**|**-**||**-**| |Administrative services - Ludlow|**1,546**|**-**|||**-**|**-**||**1,510**| |Administrative services - TLT|**4,015**|**4,116**|||**-**|**-**||**-**| |Legal fees|**-**|**-**|||**-**|**-**||**2,095**| |Accountancyfees|**-**|**-**|||**-**|**-**||**630**| |Bank charges|**242**|**242**|||**-**|**-**||**-**| ||**-**|**-**|||**-**|**-**||**-**| |**_Sub total_ **|**10,731**|**4,358**||**-**|**3,384**|**380**|**18,853**|**11,591**| |||**-**
**-**||**-**
**-**|||**605,971**
**-**|| |**A4 Asset and investment**
**purchases, (see table)**||||||||| |Investmentpurchases|**-**|**-**|||**542,840**|**63,131**||**348,314**| ||**-**|**-**|||**-**|**-**||| |**_Sub total_ **|**-**|**-**||**-**|**542,840**|**63,131**|**605,971**|**348,314**| |**_Total payments_ **
**_Net of receipts/(payments)_ **
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_ **||||||||| ||**10,731**|**4,358**||**-**|**546,224**|**63,511**|**624,824**|**359,905**| |||||||||| ||**16,220**|**(2,532)**||**-**|**(1,203)**|**(994)**|**11,491**|**14,731**| ||**4,204**|**337**||**-**
**-**|**(4,407)**|**(134)**|**-**
**84,002**|**-**| ||**69,375**|**2,778**|||**10,166**|**1,683**||**69,271**| ||**89,799**|**583**||**-**|**4,556**|**555**|**95,493**|**84,002**| CCXX R6 accounts (SS) 6 |**Section B Statement of assets and liabilities at the end of the period**|**Section B Statement of assets and liabilities at the end of the period**|**Section B Statement of assets and liabilities at the end of the period**|**Endowment**
**funds**
**to nearest £**
**4,558**
**-**
**-**
**-**
**553**
**-**
**-**
**-**
**5,111**
OK
**Endowment**
**funds**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**Current value**
**(optional)**
857,830
94,252
**-**
**-**
**-**
**Current value**
**(optional)**
**-**
**-**
**-**
**-**
**-**
**When due**
**(optional)**
Date of
approval
20 February 2024| |---|---|---|---| |**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))
Capital account (Coutts)
Income account (Coulthurst)
TLT Accounts (Coulthurst)
**_Total cash funds_**
Income account (Coutts)
Current account (Coutts)
Capital account (Coulthurst)
TLT Accounts (Coutts)
Current account (Coulthurst)
**Details**
**Details**
Investments (Coutts)
Investments (Coulthurst)
**Details**
**Details**
Signature|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**6,840**
**-**
**74,159**
**-**
**8,800**
**-**
**-**
**-**
**852**
**-**
**1,411**
**-**
**(1,680)**
**-**
**90,382**
**-**
OK
OK
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
Endowment
-
Endowment
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
**-**
**-**
**-**
**-**
**-**
Print Name
Deborah Gale
On behalf of TLT LLP|| |||Deborah Gale
On behalf of TLT LLP|20 February| CCXX R7 accounts (SS) 7 ## **Section C Notes to the Accounts** **C1 Nature and purpose of funds** Expendable endowment funds are those which are required to be invested to produce income but which may be transferred to _(may be stated on analysis of_ unrestricted funds at the discretion of the trustees in order that they may be expended in furtherance of the charity's objectives. _funds worksheets)_ 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 payment unless annotated £** Grants to individuals (Coutts) two grants 4,928 Grants to individuals (Coulthurst) 4,928 **C3 Related party transactions** No trustee received any remuneration nor reimbursed any expenses in the year under review. During the year under review TLT LLP, the trustee of the charity, were paid fees for the provision of administrative services amounting to £8,131. These fees are authorised under clause 11 of the trust deed. CCXX R8 accounts (SS) 8 ## **Independent Examiner's Report to the Trustees of The Coutts Staff Benevolent Trust** I report to the charity trustees on my examination of the accounts of the charity for the year ended 05 April 2023 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: 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. 21 February 2024 Geoffrey Frost BSc(Hons) FCA Date Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY 9 ## **Trustees' Annual Report for the period** Period start date Period end date Day Month Year Day Month Year **From** 06 April 2022 **To** 05 April 2023 ## Section A Reference and administration details **Charity name**[The Coutts Staff Benevolent Trust incorporating The ] Coulthurst Fund (linked charity) **Other names charity is known by Registered charity number (if any)** 279812 **Charity's principal address** One Redcliff Street Bristol **Postcode** BS1 6TP ## **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
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||TLT LLP|||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ## **Names of the trustees for the charity, if any, (for example, any custodian trustees)** **Name Dates acted if not for whole year** March **2012** **TAR** 1 ## **Names and addresses of advisers (Optional information)** |**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**| |---|---|---| |**Type of adviser**
**Name**
**Address**||| |**Investment Managers**|Coutts & Co|440 The Strand, London, WC2R 0QS| |**Bankers**|Coutts & Co|440 The Strand, London, WC2R 0QS| |**Solicitors**|TLT LLP|One Redcliffe Street, Bristol, BS1 6TP| |**Accountants**|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** Type of governing document Trust deed dated 20 March 1980 - (eg. trust deed, constitution) How the charity is constituted Trust - (eg. trust, association, company) Trustee selection methods Trustees are appointed by the trustees. - (eg. appointed by, elected by) ## **Additional governance issues (Optional information)** You **may choose** to include additional information, where relevant, about: - policies and procedures adopted for the induction and training of trustees; - the charity’s organisational structure and any wider network with which the charity works; - relationship with any related parties; - trustees’ consideration of major risks and the system and procedures to manage them. ## **Section C Objectives and activities** The objects of the charity are to pay or apply or cause to be paid or applied at such time or times and in such manner as the trustees shall in the discretion think fit the income and if and in so far as the trustees shall think fit the capital of the trust fund in or towards: **Summary of the objects of the** think fit the capital of the trust fund in or towards: **charity set out in its** (a) The relief of any person who at any time is or has been employed by **governing document** the bank and who is poor - (b) The relief of any poor spouse former spouse widow widower child orphan relative or dependant if any person who at any time is or has been employed by the bank March **2012** **TAR** 2 (c) Such charitable bodies or for such other purposes as shall be exclusively charitable as the trustees shall from time to time decide. . In furtherance of the charity’s objects for the public benefit the trustees provides 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: - policy on grantmaking; - policy programme related investment; - contribution made by volunteers. March **2012** **TAR** 3 Section D Achievements and performance **Summary of the main** During the year under review the charities made 2 grant to individuals **achievements of the charity** totalling £4,928 as disclosed in the notes. **during the year** March **2012** **TAR** 4 ## **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 £90,382 (2022: £72,153). In addition to the free reserves the charity has bank balances of £5,111 (2022: £11,849) and investment assets of £952,082 within the expendable endowment fund. 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: - the charity’s principal sources of funds (including any fundraising); - how expenditure has supported the key objectives of the charity; - 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)**[Deborah Gale ] On behalf of TLT LLP **Position (eg Secretary, Chair, etc)** **Date** 20 February 2024 March **2012** **TAR** 5 |**Charity Name**|||**No (if any)**||| |---|---|---|---|---|---| |**The Coutts Staff Benevolent Trust incorporating The Coulthurst Fund (linked charity)**|||**279812**||| |**Receipts andpayments accounts**|||||**CC16a**| ||Period start date||Period end date||| |**For the period from**|06 April 2022|**To**
**To**|05 April 2023||| |**Section A Receipts and payments**|**Section A Receipts and payments**|||||||| |---|---|---|---|---|---|---|---|---| |**A1 Receipts**|**The Coutts**
**Staff**
**Benevolent**
**Trust**
**Unrestricted**
**funds**
**to the nearest £**|**The Coulthurst**
**Fund**
**Unrestricted**
**funds**
**to the nearest £**
**-**
**1,766**
**60**
**-**
**-**
**-**
**-**
**-**||**Restricted**
**funds**
**to the nearest £**|**The Coutts**
**Staff**
**Benevolent**
**Trust**
**Endowment**
**funds**
**to the nearest £**|**The Coulthurst**
**Fund**
**Endowment**
**funds**
**to the nearest £**|**Total funds**
**to the nearest £**|**Last year**
**to the nearest £**| |Legacyreceipts|**10,000**|**-**||**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**-**|**-**|**10,000**
**17,119**
**523**
**1,135**
**-**
**-**
**-**
**-**|**-**| |Investment income|**15,353**|**1,766**|||**-**|**-**||**14,519**| |Income from bank interest|**463**|**60**|||**-**|**-**||**29**| |Return ofprofessional fees|**1,135**|**-**|||**-**|**-**||**-**| ||**-**|**-**|||**-**|**-**||**-**| ||**-**|**-**|||**-**|**-**||**-**| ||**-**|**-**|||**-**|**-**||**-**| ||**-**|**-**|||**-**|**-**||**-**| |**_Sub total_**_(Gross income for_
_AR)_|

**26,951**|**1,826**||**-**|**-**|**-**|**28,777**|**14,548**| |||**-**
**-**||||||| |**A2 Asset and investment sales,**
**(see table).**||||||||| |Sale of investments|**-**|**-**||**-**
**-**|**545,021**|**62,517**|**607,538**
**-**|**360,088**| ||**-**|**-**|||**-**|**-**||**-**| |**_Sub total_**|**-**|**-**||**-**|**545,021**|**62,517**|**607,538**|**360,088**| |**_Total receipts_ **
**A3 Payments**||||||||| ||**26,951**|**1,826**||**-**|**545,021**|**62,517**|**636,315**|**374,636**| |||**-**
**-**
**-**
**-**
**4,116**
**-**
**-**
**242**
**-**||||||| |Grants awarded|**4,928**|**-**||**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**-**|**-**|**4,928**
**3,764**
**-**
**1,546**
**8,131**
**-**
**-**
**484**
**-**|**350**| |Inv mgmt and admin|**-**|**-**|||**3,384**|**380**||**7,006**| |Independent examination|**-**|**-**|||**-**|**-**||**-**| |Administrative services - Ludlow|**1,546**|**-**|||**-**|**-**||**1,510**| |Administrative services - TLT|**4,015**|**4,116**|||**-**|**-**||**-**| |Legal fees|**-**|**-**|||**-**|**-**||**2,095**| |Accountancyfees|**-**|**-**|||**-**|**-**||**630**| |Bank charges|**242**|**242**|||**-**|**-**||**-**| ||**-**|**-**|||**-**|**-**||**-**| |**_Sub total_ **|**10,731**|**4,358**||**-**|**3,384**|**380**|**18,853**|**11,591**| |||**-**
**-**||**-**
**-**|||**605,971**
**-**|| |**A4 Asset and investment**
**purchases, (see table)**||||||||| |Investmentpurchases|**-**|**-**|||**542,840**|**63,131**||**348,314**| ||**-**|**-**|||**-**|**-**||| |**_Sub total_ **|**-**|**-**||**-**|**542,840**|**63,131**|**605,971**|**348,314**| |**_Total payments_ **
**_Net of receipts/(payments)_ **
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_ **||||||||| ||**10,731**|**4,358**||**-**|**546,224**|**63,511**|**624,824**|**359,905**| |||||||||| ||**16,220**|**(2,532)**||**-**|**(1,203)**|**(994)**|**11,491**|**14,731**| ||**4,204**|**337**||**-**
**-**|**(4,407)**|**(134)**|**-**
**84,002**|**-**| ||**69,375**|**2,778**|||**10,166**|**1,683**||**69,271**| ||**89,799**|**583**||**-**|**4,556**|**555**|**95,493**|**84,002**| CCXX R6 accounts (SS) 6 |**Section B Statement of assets and liabilities at the end of the period**|**Section B Statement of assets and liabilities at the end of the period**|**Section B Statement of assets and liabilities at the end of the period**|**Endowment**
**funds**
**to nearest £**
**4,558**
**-**
**-**
**-**
**553**
**-**
**-**
**-**
**5,111**
OK
**Endowment**
**funds**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**Current value**
**(optional)**
857,830
94,252
**-**
**-**
**-**
**Current value**
**(optional)**
**-**
**-**
**-**
**-**
**-**
**When due**
**(optional)**
Date of
approval
20 February 2024| |---|---|---|---| |**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))
Capital account (Coutts)
Income account (Coulthurst)
TLT Accounts (Coulthurst)
**_Total cash funds_**
Income account (Coutts)
Current account (Coutts)
Capital account (Coulthurst)
TLT Accounts (Coutts)
Current account (Coulthurst)
**Details**
**Details**
Investments (Coutts)
Investments (Coulthurst)
**Details**
**Details**
Signature|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**6,840**
**-**
**74,159**
**-**
**8,800**
**-**
**-**
**-**
**852**
**-**
**1,411**
**-**
**(1,680)**
**-**
**90,382**
**-**
OK
OK
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
Endowment
-
Endowment
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
**-**
**-**
**-**
**-**
**-**
Print Name
Deborah Gale
On behalf of TLT LLP|| |||Deborah Gale
On behalf of TLT LLP|20 February| CCXX R7 accounts (SS) 7 ## **Section C Notes to the Accounts** **C1 Nature and purpose of funds** Expendable endowment funds are those which are required to be invested to produce income but which may be transferred to _(may be stated on analysis of_ unrestricted funds at the discretion of the trustees in order that they may be expended in furtherance of the charity's objectives. _funds worksheets)_ 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 payment unless annotated £** Grants to individuals (Coutts) two grants 4,928 Grants to individuals (Coulthurst) 4,928 **C3 Related party transactions** No trustee received any remuneration nor reimbursed any expenses in the year under review. During the year under review TLT LLP, the trustee of the charity, were paid fees for the provision of administrative services amounting to £8,131. These fees are authorised under clause 11 of the trust deed. CCXX R8 accounts (SS) 8 ## **Independent Examiner's Report to the Trustees of The Coutts Staff Benevolent Trust** I report to the charity trustees on my examination of the accounts of the charity for the year ended 05 April 2023 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: 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. 21 February 2024 Geoffrey Frost BSc(Hons) FCA Date Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY 9 The Coutts Staff Benevolent Trust TLT Solicitors 1 Redcliff Street Bristol BS1 6TP Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY Dear Sirs ## **The Coutts Staff Benevolent Trust** The following representations are made on the basis of enquiries of management and staff with relevant knowledge and experience such as we consider necessary in connection with your independent examination of the charity’s financial statements for the year ended 5 April 2023. These enquiries have included inspection of supporting documentation where appropriate and are sufficient to satisfy ourselves that we can make each of the following representations. All representations are made to the best of our knowledge and belief. ## **General** - 1 We acknowledge that the work performed by you is substantially less in scope than an audit performed in accordance with International Standards on Auditing (UK) and that you do not express an audit opinion. - 2 We confirm that the charity was entitled to exemption under section 144 of the Charities Act 2011 the requirement to have its financial statements for the financial year ended 5 April 2023 audited. - 3 We have fulfilled our responsibilities as trustees as set out in the terms of your engagement letter, under the Charities Act 2011 for preparing financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), for being satisfied that they give a true and fair view and for making accurate representations to you. - 4 All the transactions undertaken by the charity have been properly reflected and recorded in the accounting records. - 5 All the accounting records have been made available to you for the purpose of your independent examination. We have provided you with unrestricted access to all appropriate persons within the charity, and with all other records and related information requested, including minutes of all management and trustee meetings and correspondence with The Charity Commission. - 6 The financial statements are free of material misstatements, including omissions. - 7 The effects of uncorrected misstatements are immaterial both individually and in total. ## **Assets and liabilities** - 8 The charity has satisfactory title to all assets and there are no liens or encumbrances on the charity’s assets, except for those that are disclosed in the notes to the financial statements. - 9 All actual liabilities, contingent liabilities and guarantees given to third parties have been recorded or disclosed as appropriate. - 10 We have no plans or intentions that may materially alter the carrying value and where relevant the fair value measurements or classification of assets and liabilities reflected in the financial statements. ## **Accounting estimates** - 11 Significant assumptions used by us in making accounting estimates, including those measured at fair value, are reasonable. ## **Legal claims** - 12 We have disclosed to you all claims in connection with litigation that have been, or are expected to be, received and such matters, as appropriate, have been properly accounted for, and disclosed in, the financial statements. ## **Laws and regulations** - 13 We have disclosed to you all known instances of non-compliance or suspected non-compliance with laws and regulations whose effects should be considered when preparing the financial statements. ## **Related parties** - 14 Related party relationships and transactions have been appropriately accounted for and disclosed in the financial statements. We have disclosed to you all relevant information concerning such relationships and transactions and are not aware of any other matters which require disclosure in order to comply with legislative and accounting standards requirements. ## **Subsequent events** - 15 All events subsequent to the date of the financial statements which require adjustment or disclosure have been properly accounted for and disclosed. ## **Going concern** - 16 We believe that the charity's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the charity's needs. We have considered a period of twelve months from the date of approval of the financial statements. We believe that no further disclosures relating to the charity's ability to continue as a going concern need to be made in the financial statements. ## **Grants and donations** - 17 All grants, donations and other income, the receipt of which is subject to specific terms or conditions, have been notified to you. There have been no breaches of terms or conditions in the application of such income. ## **Grant awards** 18 Grants awarded in the year have been made in furtherance of the charity’s objects for the public benefit.. Yours faithfully .............................................................................................................................. Deborah Gale on behalf of TLT Trustees Limited / Trustee Signed on behalf of the board of trustees Date[20 February 2024]