**REGISTERED CHARITY NO. 327501** ## **THE HUGGARD CHARITABLE TRUST** **REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** 4 ## **THE HUGGARD CHARITABLE TRUST** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** ||**Page**| |---|---| |Report of the Trustees|1 to 2| |Independent Examiners Report|3| |Receipts and Payments Account|4| |Statement of Assets and Liabilities|5| ## **THE HUGGARD CHARITABLE TRUST** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Constitution** The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity. The charity is constituted as a trust, and was established by a deed of trust on 27 March 1987. It is registered with the Charity Commission (number: 327501). ## **Objectives and activities** The charity was established for general charitable purposes including the advancement of religion, the relief of poverty, and the relief of persons incapacitated by old age or disability, with a particular (although not exclusive) focus in the area of South Wales. The activities carried out by the charity in order to achieve these objectives comprise the making of grants to charitable organisations which are active in areas such as community support, helping those who are homeless and/or from disadvantaged backgrounds, and supporting people affected by old age, illness or disability. Most grants are of modest amounts, but larger grants are made in respect of a few projects with which this charity and its founders have had a close long-term involvement. Grants are not made to individuals. In carrying out activities during the year, the charity trustees had regard to the guidance issued by the Charity Commission in relation to public benefit, and are satisfied that significant public benefit has been achieved as a result of these activities ## **Achievements and performance** The charity continued to support a range of charitable organisations and projects during the year. In total, 93 grants were made. Most recipients received one modest grant during the year, and more substantial support was provided to a few organisations which provide community support and which work with people from disadvantaged backgrounds. ## **Financial review** Because of the charity's structure and scale of activities, the trustees consider that a receipts and payments basis of preparing the accounts is appropriate. Consequently, the accounts for the year ended 31 March 2021 comprise a receipts and payments account (page 4) and a statement of assets and liabilities (page 5). The statement of assets and liabilities includes the charity's investment portfolios at valuation, taking the valuations at the nearest available dates. The charity's funds (which were donated by the founders) are invested on a cautious basis in two diversified portfolios with separate investment managers. Income and gains on these investments are the charity's only current sources of funds, and the trustees are mindful of the need to preserve the funds so that the charity can continue to support the organisations and projects which benefit from its donations; many of these organisations and projects were supported by the charity's founders. Accordingly, it is the charity's policy to maintain reserves which will allow it to continue the level of support which it currently offers to a range of other charitable bodies, and to be able to respond to specific additional needs which might arise in respect of those projects with which the charity has had a close involvement over the years. 1 ## **THE HUGGARD CHARITABLE TRUST** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021** ## **REFERENCE AND ADMINISTRATION DETAILS** ## **CHARITY NUMBER** 327501 **PRINCIPAL OFFICE** 25 Harvey Crescent Aberavon Port Talbot SA12 6DF **TRUSTEES** S J Thomas Mrs A Helme A Chiplen Bsc Msc **INDEPENDENT** Bevan Buckland LLP **EXAMINER** Chartered Accountants Ground Floor Cardigan House Enterprise Park Castle Court Llansamlet Swansea SA7 9LZ Approved by order of the board of trustees on ............................................. and signed on its behalf by: ............................................. S J Thomas - Trustee 2 ## **THE HUGGARD CHARITABLE TRUST** ## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021** ## **Independent examiner’s report to the trustees of Huggard Charitable Trust** I report to the charity trustees on my examination of the accounts of Huggard Charitable Trust for the year ended 31 March 2021. ## **Responsibilities and basis of report** As the charity trustee of the Trust 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 Trust’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all 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 Trust as required by section 130 of the Act; or 2. The accounts do not accord with those records; or 3. The accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. Henry Lloyd Davies Institute of Charted Accountants in England and Wales Bevan Buckland LLP Chartered Accountants Ground Floor Cardigan House Enterprise Park Castle Court Llansamlet Swansea SA7 9LZ Date: …………………...……. 3 ## **THE HUGGARD CHARITABLE TRUST** ## **RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021** |**RECEIPTS**
Income from investments
**TOTAL RECEIPTS**
**LESS: PAYMENTS**
Donations
Management and administration of the charity
**PURCHASE OF FIXED ASSETS**
Transfer to investment account
**TOTAL PAYMENTS**
**NET (PAYMENTS)/RECEIPTS FOR THE YEAR**
**Cash funds at the beginning of the year**
**CASH FUNDS AT THE END OF THE YEAR**|Unrestricted Funds
2021
£
2020
£
64,585
61,106| |---|---| ||64,585
61,106
156,550
93,733
1,350
3,550| ||157,900
97,283
-
-| ||157,900
97,283| ||(93,315)
(36,177)
822,949
859,126| ||729,634
822,949| 4 ## **THE HUGGARD CHARITABLE TRUST** ## **STATEMENT OF ASSETS AND LIABILITIES FOR THE YEAR ENDED 31 MARCH 2021** |**CASH AT BANK**
**INVESTMENTS:**
Diversifed portfolios managed by:
Lloyds Private Banking
Charles Stanley
**TOTAL ASSETS**
**LIABILITIES**
Accountancy fees
**TOTAL FUNDS (UNRESTRICTED)**|2021
£
729,634
832,851
1,152,507
2,714,992
(2,472)
2,712,520|2020
£
822,948
758,996
1,033,859| |---|---|---| |||2,615,803
(2,500)| |||2,613,303| These accounts were approved by the board of trustees on ............................................. and signed on its behalf by: ............................................. S J Thomas - Trustee 5