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2023-08-10-accounts

The Wilfred and Elsie Elkes Charity Fund The Wilfred and Elsie Elkes Charity Fund The Wilfred and Elsie Elkes Charity Fund The Wilfred and Elsie Elkes Charity Fund The Wilfred and Elsie Elkes Charity Fund 326573 326573
Receipts andpayments accounts CC16a
For the period
from
~~ee~~		 Period start date
11.08.2022		 Period end date
To
10.08.2023
~~e~~
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 69,064 - 69,064 45,992
Interest received 698 - 1,792 2,491 84
- - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total(Gross income for
AR)		 (Gross income for
AR)
69,763		 - 1,792 71,555 46,076
A2 Asset and investment sales,
(see table).
Sale of investments
-
-
971,904
971,904
2,054,025
-
-
-
-
-
Sub total -
-
971,904
971,904
2,054,025
Total receipts
69,763
-
973,696
1,043,459
2,100,101
~~S555~~
A3 Payments
Grants awarded - - - - 47,000
Investment manager fees (Including VAT)
- - 13,118 13,118 14,392
Trust Administration fees (including VAT)
- - 11,737 11,737 15,896
Independent Examiners fees - - 780 780 780
Cash management fees 81 - - 81 -
Bank charges - - 18 18 -
- - - - -
- - - - -
- - - - -
**Sub total ** 81 - 25,653 25,734 78,068
A4 Asset and investment
purchases, (see table)
Investmentpurchases
-
-
871,264
871,264
1,964,087
-
-
-
Sub total -
-
871,264
871,264
1,964,087
Total payments
81
-
896,917
896,998
2,042,155
~~——————~~
Net of receipts/(payments)
69,682
-
76,778
146,461
57,946
A5 Transfers between funds
-
-
A6 Cash funds last year end
21,082
81,483
102,564
44,619
Cash funds this year end
90,764
-
158,261
249,025
102,565
~~===>>~~

CCXX R1 accounts (SS)

18/04/2024

1

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 -
-
158,261
90,764
-
-
-
-
-
90,764
-
158,261
Total cash funds
Capital account
Income account
~~<==~~
(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
-
2,632,544
-
-
-
-
-
-
Investment portfolio
~~—=——~~
Details Fund to which
asset belongs
Cost (optional)		 Current value
(optional)
B4 Assets retained for the
charity’s own use		 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
~~aa~~
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
CCXX R2 accounts (SS)		 -
-
-
-
Date of
approval
Print Name
Chris Thurlow on behalf of Ludlow
Trust CompanyLimited
Signature
2
18/04/2024
~~—~~

CCXX R2 accounts (SS)

Trustees’ Annual Report for the period

From 11 August 2022 To 10 August 2023

Charity name: The Wilfred and Elsie Elkes Charity Fund Charity registration number: 326573

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 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 individulas 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
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 bythe Charity		 Para 1.18 In determining the charity’s activities the
trustees have had regard to the Charity
Commission’s guidance on public benefit.

Commission on public benefit

Additional information (optional)
You may choose to include further statements where relevant about:		 Additional information (optional)
You may choose to include further statements where relevant about:		 Additional information (optional)
You may choose to include further statements where relevant 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 di
not make any grants.
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

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
£90,764 (2022:
£21,082).
In addition to the free reserves the charity
has bank balances of £158,261 (2022:
£81,483)
and
investments
valued
at
£2,632,544
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
Other 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.
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.

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25 Will of Mrs Elsie Mary Elkes (deceased)
dated 23 March 1983
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 Will 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 trustees.
Additional information (optional)
You may choose to include further statements where relevant about:		 Additional information (optional)
You may choose to include further statements where relevant about:		 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 nor
reimbursed any expenses in the year under
review.

During the year Ludlow Trust Company were paid fees for trust administration services of £11,737 as authorized under the Will. Other

Reference and Administrative details

Charity name The Wilfred and Elsie Elkes Charity FUnd
Other name the charity uses
Registered charity number 326573
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
19		 Trustee name Office (if any) Dates acted if not for whole
**year **		 Name of person (or body) entitled
to appoint trustee (ifany)
Ludlow Trust
CompanyLimited

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
Investment Managers The Royal Bank of
Scotland		 Trinity Quay II, Avon Street, Bristol BS2
0PT
Bankers Coutts & Co Trinity Quay II, Avon Street, Bristol BS2
0PT
Accountants KJF Accounting Limited 17 Sheringham Avenue, Southgate,
London, N14 4UB

Name of chief executive or names of senior staff members (Optional information)

~~Cn~~

Exemptions from disclosure

Reason for non-disclosure of key personnel details ~~pO~~ Other optional information

Declarations

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 ~~Pn~~

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examinerfs Report Report to the trusteesl members of The Wilfred and Elsie Elkes Charity Fund On accounts forthe year ended 101h August 2023 Charity no (if any) 326573 Set out on pages 1to2 I report to the trustees on my examination of the accounts of the above 1th charity ("the Trusfl for the year ended 10 August 2023. Responsibilities and As the charity irustees of the Trust. you are responsible for the preparation basis of report of the accounts in accordance with the requirernents of the Charities Act 2011 (Xhe Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carying out my examination, I have followed the applicable Directsons given by the Charity Commission under section 145(51(b) of the Act I have completed my examination. I confimi that no material matters have come to my attention in connection the examination which gives me cause to believe that in, any material respect." accounkn.ng records were not kept in accordan￿ with section 130 of the Act or the accounts do not accorrj vrith the accounting records Independent examinerfs statement I have no con￿m5 and have come across no other matters in corsnection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed: Date: Name: Mr Keith Felton Relevant professional qualification{sl or body lif any): ACCA Address: KJF Accounts'ng Ltd, 17 Sheringham Avenue, Southgate, London N14 4UB Section B Disclosure Only complete if the examiner needs to highlight matters of con￿rn {see CC32, Independent examination of charity accounts.. directions and guidance for examiners). IER October 2018

Give here brief detalls of any Items that the examiner wishes to disclose. IER October 2018

2024-04-29Elkes-Accounts

Final Audit Report

2024-04-29

Created: 2024-04-29 By: Estera Rzepus (Estera.Rzepus@ludlowtrust.com) Status: Signed Transaction ID: CBJCHBCAABAAcvhDGhkkFmTwAzk403iXKTMtU3ZT72M-

"2024-04-29Elkes-Accounts" History

2024-04-29 - 1:51:33 PM GMT

Document emailed to Chris Thurlow (chris.thurlow@ludlowtrust.com) for signature 2024-04-29 - 1:51:39 PM GMT

Agreement completed.

2024-04-29 - 2:05:29 PM GMT