Trustees' Annual Report for the period
Period start date Period end date Day Month Year Day Month Year A From 11 August 2020 To 10 August 2021 Section A Reference and administration details Charity name The Wilfred and Elsie Elkes Charity Fund Other names charity is known by Registered charity number (if any) 326573 ~~——~~ Charity's principal address Trustee Department 1[st] Floor, Tower Wharf Cheese Lane, Bristol Postcode BS2 0JJ ~~———~~ Names of the charity trustees who manage the charity Dates acted if not for whole Name of person (or body) entitled Trustee name Office (if any) year to appoint trustee (if any) To 05/04/2021 1[Royal Bank of ] Scotland Plc From 06/04/2021 2[Ludlow Trust ] Company Limited 3 ~~——_———~~ 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19
Section A Reference and administration details
Names of the trustees for the charity, if any, (for example, any custodian trustees)
Name Dates acted if not for whole year ~~—————~~ Names and addresses of advisers (Optional information)
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| Type of adviser Name Address |
Type of adviser Name Address |
Type of adviser Name Address |
|---|---|---|
| Investment Managers | NatWest Bank Plc | 440 The Strand, London, WC2R 0QS |
| Bankers | NatWest Bank Plc | 440 The Strand, London, WC2R 0QS |
| Solicitors | Hugh James | Hodge House, 114-116 St Mary Street, Cardiff, CF10 1DY |
| Independent Examiner | Geoffrey Frost | 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
Will of Mrs Elsie Mary Elkes (deceased) dated 23 March 1983. Type of governing document
(eg. trust deed, constitution) Will trust How the charity is constituted
(eg. trust, association, company) Trustees are appointed by the trustees. Trustee selection methods
- (eg. appointed by, elected by)
Additional governance issues (Optional information)
You may choose to include additional information, where relevant, about:
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policies and procedures adopted for the induction and training of trustees;
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the charity’s organisational structure and any wider network with which the charity works;
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relationship with any related parties;
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trustees’ consideration of major risks and the system and procedures to manage them.
Section C Objectives and activities
Summary of the objects of the charity set out in its governing document
The objects of the Trust are to further such objects or purposes which are exclusively charitable as the trustees may in their absolute discretion think fit and will give consideration to the wishes of the legator being for: (a) the promotion of child welfare, (b) the welfare of the elderly, (c) contribution to the cost of accommodation for individuals at Kirk House, Red Cross and St Mary’s Mount care and rest homes in Uttoxeter, (d) animal welfare in Uttoxeter and (e) churches of whatever denomination in Uttoxeter.
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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:
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policy on grantmaking;
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policy programme related investment;
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contribution made by volunteers.
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Section D Achievements and performance
Summary of the main During the year under review the charity made grant 12 awards to 11 achievements of the charity institutions totalling £71,000 as set out in the notes. during the year
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Section E Financial review At the end of the reporting period the charity had free reserves amounting Brief statement of the to £22,090 (2020: £30,114). charity’s policy on reserves In addition to the free reserves the charity has bank balances of £22,529 (2020: £20,014) and investments of £3,116,499 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)[Chris Thurlow ] On behalf of Ludlow Trust Company Limited Position (eg Secretary, Chair, etc)
Date 06 June 2022
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| Charity Name | No (if any) | No (if any) | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| The Wlfred and Elsie Elkes Charity Fund | 326573 | |||||||||
| Receipts andpayments accounts | CC16a | |||||||||
| For the period from ~~ee~~ |
Period start date 11 August 2020 ~~ee~~ |
To ~~ee~~ |
Period end date 10 August 2021 |
|||||||
| Section A Receipts and payments | Section A Receipts and payments | |||||||||
| Unrestricted funds |
Restricted funds |
Endowment funds |
Total funds | Last year | ||||||
| to the nearest £ | to the nearest £ | to the nearest £ | to the nearest £ | to the nearest £ | ||||||
| A1 Receipts | ||||||||||
| Income from investments | 45,983 | - | - | 45,983 | 53,320 | |||||
| Income from bank interest | 16 | - | - | 16 | 244 | |||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| Sub total(Gross income for AR) |
(Gross income for AR) 45,999 |
- | - | 45,999 | 53,564 | |||||
| A2 Asset and investment sales, (see table). Sale of investments - - 1,921,685 1,921,685 1,488,298 - - - - - Sub total - - 1,921,685 1,921,685 1,488,298 Total receipts 45,999 - 1,921,685 1,967,684 1,541,862 ~~—————~~ |
||||||||||
| A3 Payments | ||||||||||
| Grants awarded | 71,000 | - | - | 71,000 | 30,000 | |||||
| Inv mgmt and admin | - | - | 36,477 | 36,477 | 44,244 | |||||
| Independent examiner | 780 | - | - | 780 | 400 | |||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| **Sub total ** | 71,780 | - | 36,477 | 108,257 | 74,644 | |||||
| A4 Asset and investment purchases, (see table) Investmentpurchases - - 1,864,936 1,864,936 1,423,889 - - - - Sub total - - 1,864,936 1,864,936 1,423,889 Total payments 71,780 - 1,901,413 1,973,193 1,498,533 Net of receipts/(payments) (25,781) - 20,272 (5,509) 43,329 A5 Transfers between funds 17,757 - (17,757) - - A6 Cash funds last year end 30,114 - 20,014 50,128 6,799 Cash funds this year end 22,090 - 22,529 44,619 50,128 ~~———=—~~ ~~SS]]~~ |
CCXX R6 accounts (SS)
6
Section B Statement of assets and liabilities at the end of the period
| Unrestricted Restricted |
Endowment | ||||
|---|---|---|---|---|---|
| Categories | Details | funds funds |
funds | ||
| to nearest £ to nearest £ |
to nearest £ | ||||
| B1 Cash funds | - - 22,529 22,090 - - - - 22,090 - 22,529 Capital account Income account Total cash funds ~~—====~~ |
||||
| (agree balances with receipts and payments | (agree balances with receipts and payments | ||||
| account(s)) | OK OK |
OK | |||
| Unrestricted Restricted |
Endowment | ||||
| funds funds |
funds | ||||
| Details | to nearest £ to nearest £ |
to nearest £ | |||
| B2 Other monetary assets | - - - - - - - - - - - - - - - - - - ~~—=_—=~~ |
||||
| Details | Fund to which asset belongs Cost (optional) |
Current value (optional) |
|||
| B3 Investment assets | Endowment - 3,116,499 - - - - - - - - Investment portfolio ~~se~~ |
||||
| Details | Fund to which asset belongs Cost (optional) |
Current value (optional) |
|||
| B4 Assets retained for the charity’s own use |
- - - - - - - - - - - - - - - - - - ~~eee~~ |
||||
| Fund to which Amount due |
When due | ||||
| Details | liability relates (optional) |
(optional) | |||
| Signed by one or two trustees on behalf of all the trustees B5 Liabilities |
Endowment 1,652 Unrestricted 780 - - - Date of approval Inv mgmt Independent examiner Signature Print Name Chris Thurlow On behaf of Ludlow Trust Company Limited 06 June 2022 ~~aos~~ |
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| CCXX R7 accounts (SS) | 7 |
Section C Notes to the Accounts
| Section C Notes to the | Accounts | Accounts |
|---|---|---|
| C2 Grants to institutions C3 Related party transactions C1 Nature and purpose of funds(may be stated on analysis of funds worksheets) |
Unrestricted income funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charityand which have not been designated for otherpurposes. Expendable endowment funds are those which are required to be invested to 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. |
|
| Recipient Blind Veterans UK Huntingtons Disease Association Katharine House Hospice Renew Church RSPCA Staffordshire North Branch 2 grants Spinal Muscular Atrophy UK St Marys Mount Care Home The Community Foundation for Staffordshire The Hermitage Charity Care Trust The Living Paintings Trust Uttoxeter and District Old People's Housing Society Limited |
£ 2,000 2,000 6,000 6,000 11,000 2,000 10,000 15,000 10,000 1,000 6,000 |
|
| 71,000 | ||
| No trustee received any remuneration nor reimbiursed any expenses in the year under review. Royal Bank of Scotland Plc, a trustee of the charity for part of the year under review and the comparative year, were paid fees for the provision of administration and investment management services amounting to £36,477 (2020: £44,244) as authorised under the wil trust. |
CCXX R8 accounts (SS)
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Independent Examiner's Report to the Trustees of The Wilfred and Elsie Elkes Charity Fund
I report to the charity trustees on my examination of the accounts of the charity for the year ended 10 August 2021 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:
- 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.
Geoffrey Frost BSc(Hons) FCA fil Date Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY
08 June 2022
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