||**The McCorquodale Charitable Trust**|**The McCorquodale Charitable Trust**|**The McCorquodale Charitable Trust**|**297697**|**297697**|**CC16a**| |---|---|---|---|---|---|---| ||**For the period**
**from**|Period start date
06.04.2022|**To**||Period end date
05.04.2023|| |||||||| |**Section A Receipts and payments**||||||| |**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest £**
**45,904**
**49**
**-**
**-**
**-**
**-**
**-**
**-**


**45,953**
**-**
**-**
**-**
**45,953**
**43,000**
**-**
**-**
**-**
**-**
**43,000**
**-**
**-**
**-**
**43,000**
**2,953**
**2,551**
**5,504**|**Restricted**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Endowment**
**funds**
**to the nearest £**
**1,017**
**-**
**-**
**-**
**-**
**-**
**-**
**1,017**
**1,664,998**
**-**
**1,664,998**
**1,666,015**
**102,250**
**10,738**
**20,057**
**780**
**55**
**-**
**-**
**-**
**-**
**133,880**
**1,505,748**
**-**
**1,505,748**
**1,639,627**
**26,388**
**107,038**
**133,426**||**Total funds**
**to the nearest £**
**45,904**
**1,066**
**-**
**-**
**-**
**-**
**-**
**-**
**46,970**
**1,664,998**
**-**
**1,664,998**
**1,711,968**
**145,250**
**10,738**
**20,057**
**780**
**55**
**-**
**-**
**-**
**-**
**176,880**
**1,505,748**
**-**
**1,505,748**
**1,682,627**
**29,341**
**-**
**109,589**
**138,930**|**Last year**
**to the nearest £**| |Income from investments|**45,904**|||||**39,417**| |Interest received|**49**|||||**83**| |Other receipts|**-**|||||**92,390**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| |**_Sub total_**_(Gross income for_
_AR)_|

**45,953**|||||**131,890**| |||||||| |**A2 Asset and investment sales,**
**(see table).**||||||| |Sale of investments|**-**|||||**1,033,518**| ||**-**|||||**-**| |**_Sub total_**|**-**|||||**1,033,518**| |**_Total receipts_**
**A3 Payments**||||||| |||||||**1,165,408**| |||||||| |Grants awarded|**43,000**|||||**83,000**| |Investment management fees (VAT
inclusive)||||||**8,594**| |Trust administration fees (VAT inclusive)||||||**7,924**| |Independent Examiners fees||||||**780**| |Trustee fees||||||| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| |**_Sub total_ **|**43,000**|||||**100,298**| |||||||| |**A4 Asset and investment**
**purchases, (see table)**||||||| |Investmentpurchases|**-**|||||**1,003,639**| ||**-**|||||| |**_Sub total_ **|**-**|||||**1,003,639**| |**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**||||||| |||||||**1,103,937**| |||||||| ||**2,953**|**-**|**26,388**||**29,341**|**61,471**| ||||||**-**|**-**| ||**2,551**||**107,038**||**109,589**|**48,118**| ||**5,504**|**-**|**133,426**||**138,930**|**109,589**| CCXX R1 accounts (SS) 13/12/2023 1 |**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**|| |---|---|---|---| |**Categories**
Signed by one or two trustees on
behalf of all the trustees
**B5 Liabilities**
**B3 Investment assets**
**B2 Other monetary assets**
**B4 Assets retained for the**
**charity’s own use**
**B1 Cash funds**|**Details**
Investment portfolio
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
Capital account
Income account
**Details**
**Details**
**Details**
Signature|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**5,504**
**-**
**-**
**-**
**5,504**
**-**
OK
OK
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**Endowment**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
**-**
**-**
**-**
**-**
Print Name
David Breach on behalf of Ludlow Trust
CompanyLimited|**Endowment**
**funds**
**to nearest £**| ||||**133,426**| ||||**-**| ||||**-**| ||||**133,426**| ||||OK| ||||**Endowment**
**funds**
**to nearest £**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**2,208,237**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**When due**
**(optional)**| ||||| ||||| ||||| ||||| ||||| ||||| ||||Date of
approval| |||David Breach on behalf of Ludlow Trust
CompanyLimited|| ||||| CCXX R2 accounts (SS) 13/12/2023 2 ## **Trustees’ Annual Report for the period** ## **From 06 April 2022 To 05 April 2023** ## **Charity name: The McCorquodale Charitable Trust Charity registration number: 297697** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|The objects of the charity are to pay the
capital or income to such charitable body
association or organization as the Trustees
may in their absolute discretion think fit.| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|In furtherance of the charity’s objects for the
public benefit the trustees provide grants.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|In determining the charity’s activities, the
trustees have had regard to the Charity
Commission’s guidance on public benefit.| |**Additional information (optional)**
Youmay choose toincludefurtherstatementswhererelevant about:|**Additional information (optional)**
Youmay choose toincludefurtherstatementswhererelevant about:|**Additional information (optional)**
Youmay choose toincludefurtherstatementswhererelevant about:| |---|---|---| ||SORP reference|| |Policy on grant making|Para 1.38|| |Policy on social investment
including program related
investment|Para 1.38|| |Contribution made by
volunteers|Para 1.38|| |Other||| ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|During the year under review the charity
made grants to 36 charities totalling
£145,250.| **Additional information (optional)** You may choose to include further statements where relevant about: |Achievements against
objectives set|Para 1.41|| |---|---|---| |Performance of fundraising
activities against objectives
set|Para 1.41|| |Investment performance
against objectives|Para 1.41|| |Other||| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|At the end of the reporting period the
charity had free reserves of £5,504 (2022:
£2,551).
In addition to the free reserves the charity
has bank balances of £133,426 (2022:
£107,038) and investments valued at
£2,208,237 within the expendable
endowment fund.| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|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.| |Amount of reserves held|Para 1.22|| |Reasons for holding zero
reserves|Para 1.22|| |Details of fund materially in
deficit|Para 1.24|| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|| **Additional information (optional)** You may choose to include further statements where relevant about: The charity’s principal sources of funds (including any fundraising) Para 1.47 Investment policy and objectives including any social investment policy adopted Para 1.46 A description of the principal risks facing the charity Para 1.46 Expendable endowment funds are those which are required to be invested to Other produce income but which may be transferred to unrestricted funds at the discretion of the trustees in order that they may be expended in furtherance of the charity’s objectives. 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 toher purposes. ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|Trust deed dated 29 November 1986| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|Trust| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Trustees are appointed by the settlor
during his lifetime and subject to this by the
trustees.| ## **Additional information (optional)** You may choose to include further statements where relevant about: |||| |---|---|---| |Policies and procedures
adopted for the induction
and training of trustees|Para 1.51|| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|| |Relationship with any related
parties|Para 1.51|No trustee received any remuneration in
the year under review. Colin Norman
McCorquodale was reimbursed for
expenses amounting to £55 during the
year under review.
Ludlow Trust Company Limited was paid
£20,027 for trust administration services
during the year under review. These fees
are authorized under clause 6 of the trust
deed.| |Other||| ## **Reference and Administrative details** |Charity name|The McCorquodale Charitable Trust| |---|---| |Other name the charity uses|| |Registered charity number|297697| |Charity’s principal address|Trustees Department
1stFloor, Tower Wharf
Cheese Lane, Bristol
BS2 0JJ| ||| ## **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|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Laura Stilwell|||| ||Caroline Losley-
Williams|||| ||Colin Norman
McCorquodale|||| ||Ludlow Trust
CompanyLimited|||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| 19 20 – Corporate trustees names of the directors at the date the report was approved **Director name** Name of trustees holding title to property belonging to the charity **Trustee name Dates acted if not for whole year** ## **Funds held as custodian trustees on behalf of others** Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** **Names and addresses of advisers (Optional information)** |**Type of adviser**
**Name**
**Address**|**Type of adviser**
**Name**
**Address**|**Type of adviser**
**Name**
**Address**| |---|---|---| |**Investment Managers**|Coutts & Co|440 The Strand, London, WC2R 0QS| |**Bankers**|Coutts & Co|440 The Strand, London, WC2R 0QS| |**Accountants**|KJF Accounting Limited|17 Sheringham Avenue, Southgate,
London, N14 4UB| |||| **Name of chief executive or names of senior staff members (Optional information)** ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **----- Start of picture text -----**
Signature(s)
Full name(s) David Breach on behalf of Ludlow
Trust Company Limited
Position (eg Secretary,
Chair, etc)
Date
**----- End of picture text -----**
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examine￿5 Report Report to the trusteesl members of The Mccorquodale Charitable Trust On accounts for the year ended 5th April 2023 Charity no lif any) 297697 Set out on pages 1to2 (ren￿b?r lo iKlude Ihe page numbers tsf 4ddilional sheeisi I report to the trustees on my examination of the accounts ofthe above charity lllhe Trust") for the year ended 5thn April 2023. Responsibilities and As the charity trustees of the Trust. you are responsible for the preparation basis of report of the accounts in accordan￿ with the requirements of the Charities Act 2011 I'the Act.). I report in respect of my examination of Ihe Trust's accounts carried out under section 145 ofthe 2011 Act and in carying out my examination, I have followed Ihe appli&ible Directions given by the Charity Commission under section 14515llb) of the Act. I have completed my examination. I confinn that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect.. accounting records were not kepi in accordan￿ with sedion 130 of the Act or the accounts do not accord with the accounting records Independent examiner's statement I have no concems and have come aGross no other matters in conne¢tion with the examination to which attention should be drawn in order to enable proper understanding of the accounts to be reached. Signed: Date: 13-1L. Name: Mr Keith Felton Relevant professional qualification{s) or body (if any): ACCA Address: KJF Accounting Ltd, 17 Sheringham Avenue, Southgate, London N14 4UB Section B Disclosure Only complete if the examiner needs lo highlight matters of con￿rn (see CC32, Independent examination of charity accounts.- directions and guidance for examiners). IER October 2018 Glve here brfef details of any 6tems that the examiner wishes to disclose. IER October 2018