**Registered No.  327392** 

## **The Robert Clayton Charitable Trust** 

**Financial Statements** 

**For the Year Ended** 

**5 April 2022** 



**The Robert Clayton Charitable Trust** 

## **Contents** 

||||
|---|---|---|
|**Contents**|**Page**||
|Trustees’ Annual Report||1|
|Legal and Administrative Details||2|
|Statement of Trustees’ Responsibilities||3|
|Independent Examiners’ Report||4|
|Receipts and Payments Account|5||
|Statement of Assets and Liabilities|6||
|Notes to the Financial Statements|7 - 9||





**The Robert Clayton Charitable Trust Trustees’ Annual Report** 

The trustees present their Annual Report and the financial statements for the year ended 5 April 2022. This report has been prepared in accordance with the provisions under section 133 of the Charities Act 2011 which allows for the preparation of Receipts and Payments accounts by charities with income less than £250,000. 

## **Legal Status and Objects** 

The Charity was formed under a Trust Deed on 15 December 1986.  The objects of the Charity were to accumulate income for the first 21 years for the benefit of the following: 

- 1 To relieve elderly people from the disabilities attendant upon their age by providing for them accommodation adapted to their needs and nursing care and by such other means as the trustees think fit. 

- 2 To promote, generally, such charitable  purposes, institution or institutions having  for their object the care and welfare of elderly people. 

## **Review of Activities and Financial Performance** 

The financial statements have been prepared in accordance with the legislative requirements of the Charities Act 2011 as applicable to smaller charities in England and Wales. 

The main source of income for the Charity is dividend income totalling £46,973 (2021: £45,488) and proceeds from the sale of investments.  No donations have been received in the year. 

During the year, the Trustees have borne in mind the Charity Commission’s guidance on public benefit. The Trustees found Age UK Cambridgeshire to be a suitable recipient of a further £23,750 grant (2021: £23,750). 

The  Charity  has  not  been  directly  affected  by  the  current  cost  of  living  crisis,  which  is  a consequence of the Ukraine war and post-pandemic recovery. However, the trustees acknowledge that cost inflation has decreased the value of grants in real terms and that the nominal value of grants will need to increase to compensate. 

## **Reserves Policy** 

The Trustees’ policy was to accumulate income for the first 21 years to provide sufficient funds to meet the objects of the Charity. Investments are made which are readily realisable to ensure that the liabilities of the Charity are met as they fall due.  The intention is to generate income from the investments to allow grants to be made in accordance with the Charity’s objects. 

## **Appointment of Trustees** 

The power of appointing trustees was vested in the settlor (Marguerite Green) during her lifetime, until she passed away. 

## **Trustees** 

The trustees who held office during the year were: 

Charles Robert Barker Hewitson Daniel Curtis Joseph 

## **Approved by the trustees and signed on their behalf by:** 

**C R B Hewitson Date:** 



Page:  1 

**The Robert Clayton Charitable Trust Legal and Administrative Details** 

## **Trustees** 

Charles Robert Barker Hewitson Daniel Joseph Curtis 

## **Trust Address** 

50/60 Station Road Cambridge CB1 2JH 

## **Legal Status** 

The Charity was formed as a Trust under a Deed dated 15 December 1986 Charity Commission Registration No:  327392 

## **Bankers** 

Barclays Bank plc 9/11 St Andrews Street Cambridge CB2 3AA 

## **Solicitors** 

Harrison Clark Rickerbys Ltd 50/60 Station Road Cambridge CB1 2JH 

## **Investment Managers** 

Rathbones City House Hills Road Cambridge CB2 1RE 

## **Independent Examiner** 

M Hewett FCA DChA Peters, Elworthy & Moore Chartered Accountants Salisbury House Station Road Cambridge CB1 2LA 

Page:  2 



**The Robert Clayton Charitable Trust Statement of Trustees’ Responsibilities** 

The Trustees are responsible for preparing the annual report and financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. 

Law  applicable  to  Charities  in  England  and  Wales  requires  the  Trustees  to  prepare  financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that period. In preparing these financial statements, the trustees should follow best practice and: 

- Select suitable accounting policies and then apply them consistently; 

- Observe the methods and principles in the Charities SORP; 

- Make judgements and estimates that are reasonable and prudent; and 

- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation. 

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the Charity and which enable them to ascertain the financial position of the Charity and which enable them to ensure that the financial statements comply with the Charities Act 2011, supporting regulations and the Trust Deed.  They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 



Page: 3

**The Robert Clayton Charitable Trust Independent Examiner’s Report to the Trustees** 

I report on the accounts of the Charity for the year ended 5 April 2022 which are set out on pages 5 

to 10. 

## **RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER** 

The Charity's trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). 

The Charity’s trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed. 

It is my responsibility to: 

- examine the accounts under section 145 of the Charities Act, 

- to follow the applicable Directions given by the Charity Commission (under section 145(5)(b)) of the Act, and 

- to state whether particular matters have come to my attention 

## **BASIS OF INDEPENDENT EXAMINER’S STATEMENT** 

My  examination  was  carried  out  in  accordance  with  general  Directions  given  by  the  Charity Commission.  An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records.  It also includes consideration of any unusual  items  or  disclosures  in  the  accounts,  and  seeking  explanations  from  the  trustees concerning any such matters.  The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. 

## **INDEPENDENT EXAMINER’S STATEMENT** 

In connection with my examination, no material matters have come to my attention which gives me cause to believe that in any material respect: 

- accounting records were not kept in accordance with section 130 of the Charities Act or 

- the accounts do not accord with the accounting records 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. 

## **M Hewett FCA DChA For and on behalf of PETERS, ELWORTHY & MOORE** 

Chartered Accountants Cambridge 

Date: 



Page: 4

## **The Robert Clayton Charitable Trust Receipts and Payments Account For the year ended 5 April 2022** 

|<br>**Note**<br>**Receipts**<br>**From Voluntary Sources**<br>Tax Credits<br>**From Assets**<br>Other interest  -  gross<br>Dividends<br>UK equities<br>2<br>Overseas equities<br>2<br>UK fxed interest<br>securities<br>2<br>Receipts sub-totals<br>Proceeds from sale of<br>investments<br>2<br>**Total Receipts For Year**<br>**Payments:**<br>Grants<br>Governance costs<br>3<br>4<br>Cost of generating funds:<br>Investment  Management<br>fees<br>**Other Payments**<br>Payment  for  investment<br>assets<br>2<br>**Total Payments For Year**<br>**Net Receipts/(Payments)**<br>Transfer between funds<br>**Total Movement In Funds**<br>**Cash Funds At Last Year**<br>**End**<br>**Cash Funds At This Year**<br>**End**|**Total Unrestricted Funds**<br>5 April 2022                          Total<br>**Unrestrict**<br>**ed**<br>**Total**<br>5 April<br>2021<br>£<br>£<br>£<br>-<br>-<br>184<br>-<br>-<br>35<br>29,448<br>29,448<br>27,018<br>14,771<br>14,771<br>11,816<br>2,754<br>2,754<br>6,654<br>46,973<br>46,973<br>45,707<br>385,069<br>385,069<br>368,651<br>385,069<br>385,069<br>414,358<br>23,750<br>6,324<br>23,750<br>6,324<br>39,500<br>6,458<br>8,124<br>8,124<br>7,364<br>342,441<br>342,441<br>395,727<br>380,639<br>380,639<br>449,049<br>51,403<br>51,403<br>(34,691<br>)<br>-<br>-<br>-<br>51,403<br>51,403<br>(34,691<br>)<br>47,690<br>47,690<br>82,381<br>99,093<br>99,093<br>47,690|
|---|---|





Page= 5

## **The Robert Clayton Charitable Trust Statement Of Assets and Liabilities 5 April 2022** 

|**Note**<br>**Monetary Assets**<br>Cash funds at year end<br>**Total Monetary Assets**<br>**Liabilities**<br>Management and<br>administration expenses<br>Independent examiner’s fee<br>**Total Liabilities**<br>**Non Monetary Assets**<br>Investment assets<br>2<br>Debtor: Outstanding dividend<br>**Total**<br>**Non**<br>**Monetary**<br>**Assets**|<br>**Unrestrict**<br>**ed**<br>£<br>99,093<br>99,093<br>3,180<br>1,632<br>4,812<br>1,644,017<br>-<br>1,644,017|**2022**<br>**Total**<br>£<br>99,093<br>99,093<br>3,180<br>1,632<br>4,812<br>1,644,0<br>17<br>-<br>1,644,0<br>17|2021<br>£<br>47,690|
|---|---|---|---|
||||47,690|
||||1,968<br>1,482|
||||3,450|
||||1,621,81<br>4<br>99|
||||1,621,91<br>3|



## **Approved by the Trustees and Signed by:** 

## **C R B Hewitson** 

## **D J Curtis** 

**Date:** 



Page: 6

**The Robert Clayton Charitable Trust Notes to the Financial Statements Year Ended 5 April 2022** 

## **1 Accounting Policies** 

The financial statements have been prepared under Section 133 of the Charities Act 2011 and following the guidance issued by the Charity Commission. 

Particular accounting policies adopted by the trustees are described below. 

## a) **Income and Expenditure** 

Income and expenditure is accounted for on a receipts and payments basis. 

## b) **Investments** 

Investments are included at market value at the year end. 

## **2 Investments** 

See schedule attached. 

## **3 Grants** 

During the year, The Robert Clayton Charitable granted £23,750 to Age UK Cambridgeshire (2021: £23,750). No grants were made to Cherry Trees Day Centre, Cambridge during the year (2021: £15,750). 

## **4 Governance costs** 

|Independent examiner’s fees (re 2021 (2020 accounts))<br>Legal fees|**2022**<br>£<br>1,482<br>4,842<br>6,324|**2021**<br>£<br>1,434<br>5,016|
|---|---|---|
|||6,450|



## **5 Related Party Transactions** 

Harrison Clark Rickerbys Ltd, of whom Mr Daniel Curtis is a partner, act as Solicitors to the Trust.  During the year the Trust paid legal fees of £4,842 (2021: £5,016) to Harrison Clark Rickerbys Ltd. 

## **6     Trustees’ Remuneration** 

None  of  the  trustees  received  remuneration  nor  expenses  during  the  current  or previous period. 



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