THE LEONARD CHADWICK CHARITABLE TRUST
ANNUAL REPORT FOR THE YEAR TO 5 APRIL 2021
The Leonard Chadwick Charitable Trust of Flat 16, 41 Queen’s Gate Terrace, London SW7 5PN is registered with the Charity Commissioners (Reg. No: 327630) and constituted by Trust Deed dated 5 November 1987.
The Charity is administered by its Trustees who are:-
Mr John Dawson (Correspondent) Mr Matthew Dawson
The Trust’s Bankers are National Westminster Bank, Henley-on-Thames Branch, PO Box 4462, 18 Market Place, Henley-on-Thames, RG9 2QG.
The Trust’s Financial Advisers are Investec Wealth & Investment, 2 Gresham Street, London EC2V 7QN.
The Trust’s Independent Examiner is Mrs Sally Batty, 2c Wharfe Lane, Henley-on-Thames, RG9 2LL.
The Trust’s Objects are to benefit such charitable purposes as the Trustees shall in their absolute discretion think fit.
Trust Policy and Principal Donations
The Trustees’ Policy is to use the major part of the Trust income in supporting a fairly large range of charities within specific areas. These areas and the principal charities supported during the year are as follows:-
Animal Welfare
Brooke Hospital for Animals
UFAW (Universities Federation for Animal Welfare)
Humane Slaughter Association
SPANA (Society for the Protection of Animals in North Africa)
World Animal Protection
Education
Nettlebed Primary School
Prisoners’ Education Trust
Oxfordshire Dyslexia Association
Clare College, Cambridge
Kids Cookery School
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Environment
CPRE (Campaign to Protect Rural England)
The Homeless
Centrepoint
Crisis
St Mungo’s Trust
Arts
The Welsh National Opera
Sundry Others including
Time and Talents Association
Centre 70
The Village Hall at Russells Water
St Botolph’s Church, Swyncombe
Medical Aid Palestine
The Island Trust
Finances during the year 2020-2021
At the beginning of the year the Trust held a cash credit balance of £12,091.39. This was made up of a Capital credit balance of £546.13 and an Income credit balance available for donations of £11,545.26.
The overall Capital position is as follows:
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06/04/20 CAPITAL CASH Brought Forward (Credit Balance) 546.13 00.00
26/05/20 Donation 100.00
21/06/20 Sale of 3,394 Pearson PLC Ord 16,835.30
05/06/20 1,171 Whitbread PLC (Rights Issue) 17,565.00
29/06/20 Whitbread Fractions 5.22
26/01/21 Donation 1.00
05/04/21 CAPITAL CASH Carried Forward (Debit Balance) 77.35 00.00
17,565.00 17,565.00
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The cash credit balance at the end of the year of £17,232,34 (last year £12,091.39) was made up of the above-mentioned Capital debit balance of £77.35 (last year £546.13 credit) and an Income credit balance available for donations of £11,309.69 (last year £11,545.26 credit) which the Trustees consider to be a satisfactory sum to carry forward.
One donation was made by a Trustees under Gift Aid due to a cash flow problem caused by companies’ dividend policies during the coronavirus pandemic.
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Accounting pursuant to the Charities Act
The Trust’s Accounts for the year are attached to this Report; they are in the form that the Trustees have used historically and prefer to continue to use. However there follows a summary of those Accounts put in the form referred to in the Charity Commission’s Guide “Accounting for the Smaller Charity”, i.e. as recommended in the Charities SORP, and an expansion namely a statement of assets and liabilities.
Receipts and Payments Account - General Fund
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This Year Last Year
Receipts Income from Investments 47,177 44,428
Bank Interest 1 30
Other Receipts 351 0
Investments sold etc (Capital items) 16,841 346
64,370 44,804
Payments Donations 40,750 43,000
Investments purchased 17.565 0
Legal fees 0 0
LEI 0 0
Investec Fees 914 1,090
59,229 44,090
Balance Brought forward from last year 12,091 11,377
Balance In hand Capital - 77 546
Income 17,309 11,545
17,232 12,091
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Receipts and Payments Account – Restricted Fund
The Trust has no restricted fund.
Permanent Endowment
The Trust has no permanent Endowment.
Statement of Assets and Liabilities as at Financial Year End
Monetary Assets
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This Year Last Year
Cash at Bank Current account 250.00 250.00
Deposit account 0.69 4,066.51
Cash at Investec Income account 16,976.43 7,228.75
Capital account 5.22 546.13
17,232.34 12,091.39
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Liabilities:
None
Non-Monetary Assets
Stock exchange investments at the present time regarded by the Trustees as being Capital and held in the joint names of the Trustees as listed below with year-end valuation by Investec as at 01/04/21:
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HOLDING Price Value
9,000 GlaxoSmithKline PLC 25p Ord 12.7770 114,993
3,673 Royal Dutch Shell PLC € 0.07 Class 'B' 13.3510 49,038
6,657 Marks & Spencer PLC 25p Ord 1.5242 10,147
60,480 Legal & General PLC 2.5p Ord 2.8355 171,491
4,331 Murray Income Trust PLC 25p Ord 8.5350 36,965
17,219 Tesco PLC 6.33333p Ord 2.2797 39,255
3,514 Whitbread PLC 76 122/153p Ord 34.9050 122,656
14,610 Merchants Trust PLC 25p Ord 3.5375 51,683
1,349 Intercontinental Hotels Group PLC 20.85p Ord 50.4300 68,030
8,409 National Grid PLC 12.43p Ord 8.6360 72,620
730 British American Tobacco PLC 25p Ord 27.1525 19,821
11,615 The British Land Company PLC 25p Ord 5.0970 59,202
TOTAL Value of stock exchange investments 837,711
Less Capital Cash Debit balance -77
CAPITAL 837.634
Last Year:
TOTAL Value of stock exchange investments 659,040
Add Capital Cash Credit balance 546
CAPITAL 659,586
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(Sgd) J R C Dawson
J R C Dawson for and on behalf of the Trustees
Date 10/10/21
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LEONARD CHADWICK CHARITABLE TRUST 06/04/20- 05/04/21
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Receipts Payments Balance Nominal
Date Description Dividends Other Inc. Capital Donations Other Credits Debits
06/04/20 Balances B/F from 05/04/19
9,000 GlaxoSmithKline PLC 25p Ord 9,000.00
3,673 Royal Dutch Shell PLC € 0.07 Class 'B' 3,673.00
6,657 Marks & Spencer PLC 25p Ord 6,657.00
60,480 Legal & General PLC 2.5p Ord 60,480.00
3,394 Pearson PLC 25p Ord 3,394.00
14,547 Perpetual Income & Growth PLC 10p Ord 14,547.00
21,811 Tesco PLC 5p Ord ` 21,811.00
2,343 Whitbread PLC 76 122/153p Ord 2,343.00
14,610 Merchants Trust PLC 25p Ord 14,610.00
1,349 Intercontinental Hotels Group PLC 20.85p Ord 1,349.00
8,409 National Grid PLC 12.43p Ord 8,409.00
11,615 The British Land Company PLC 25p Ord 11,615.00
730 British American Tobacco PLC 25p Ord 730.00
Cash 12,091.39
26/05/20 Donation (Mrs Marjorie Pointon) 100.00 12,191.39
02/06/20 Sold 3,394 Pearson PLC 25p Ord, raising 16,835.30 29,026.69 3,394.00
05/06/20 Rights Issue, 1,171 Whitbread PLC 76 122/153p Ord, costing 17,565.00 11,461.69 1,171.00
29/06/20 Whitbread PLC, Fraction Cash 5.22 11,466.91
03/07/20 INVESTEC WEALTH Nominee income to 30/6/20 12,714.32 24,181.23
17/07/20 St Botolph's Swyncombe PCC (Cheque 820) 500.00 23,681.23
17/07/20 Farms for City Children (Cheque 821) 1,000.00 22,681.23
17/07/20 SPANA (Cheque 823) 3,000.00 19,681.23
17/07/20 Brooke Hospital for Animals (Cheque 822) 3,000.00 16,681.23
17/07/20 Welsh National Opera (Cheque 824) 2,000.00 14,681.23
17/07/20 Medical Aid for Palestinians (Cheque 825) 2,000.00 12,681.23
17/07/20 World Animal Protection (Cheque 826) 2,000.00 10,681.23
05/10/20 INVESTEC WEALTH Nominee income to 30/9/20 11,116.39 21,797.62
13/10/20 Time and Talents (Cheque 827) 1,000.00 20,797.62
13/10/20 Kids' Cookery School (Cheque 828) 2,000.00 18,797.62
13/10/20 CPRE (Cheque 829) 2,000.00 16,797.62
13/10/20 Crisis (Cheque 830) 2,000.00 14,797.62
13/10/20 St Mungo's (Cheque 831) 1,500.00 13,297.62
13/10/20 Centrepoint (Cheque 832) 1,000.00 12,297.62
13/10/20 Humane Slaughter Association (Cheque 833) 2,000.00 10,297.62
13/10/20 UFAW (Cheque 834) 2,000.00 8,297.62
13/10/20 Oxfordshie Dyslexia Association (Cheque 835) 2,000.00 6,297.62
19/11/20 14,547 Perpetual Income & Growth PLC 10p Ord now 14,547.00
4,331 Murray Income Trust PLC 25 p Ord, on scheme of reconstruction 4,331.00
06/01/21 INVESTEC WEALTH Nominee income to 31/12/20 6,134.91 12,432.53
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LEONARD CHADWICK CHARITABLE TRUST 06/04/20- 05/04/21
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26/01/21 Donation (J R C Dawson) 1.00 12,433.53
26/01/21 Village Hall at Russells Water (Cheque 836) 1,500.00 10,933.53
26/01/21 Prisoners' Education Trust (Cheque 837) 2,000.00 8,933.53
26/01/21 CPRE Oxfordshire (Cheque 838) 1,000.00 7,933.53
26/01/21 The Island Trust (Cheque 839) 2,250.00 5,683.53
26/01/21 Nicholas Hammond Foundation (Clare College, Cambridge) (Cheque 840) 2,000.00 3,683.53
26/01/21 Nettlebed School (Cheque 841) 2,000.00 1,683.53
26/01/21 Henley Music School (Cheque 842) 1,000.00 683.53
15/02/21 Tesco PLC, 21,811 5p Ord now 21,811.00
17,219 0.063333p Ord, on Share Consolidation 17,219.00
10/03/21 Loan, interest free (J R C Dawson) 250.00 933.53
08/04/21 INVESTEC WEALTH, Nominee income to 1/4/21 17,211.35 18,144.88
BANK INTEREST, 12 monthly receipts during year 1.45 18,146.33
INVESTEC WEALTH, Fee charges during year 913.99 17,232.34
47,176.97 1.45 17,191.52 40,750.00 18,478.99
05/04/21 Balances C/F to 06/04/21:
9,000 GlaxoSmithKline PLC 25p Ord 9,000.00
3,673 Royal Dutch Shell PLC € 0.07 Class 'B' 3,673.00
6,657 Marks & Spencer PLC 25p Ord 6,657.00
60,480 Legal & General PLC 2.5p Ord 60,480.00
4,331 Murray Income Trust PLC 25 p Ord 4,331.00
17,219 Tesco PLC 5p Ord 6.3333p Ord 17,219.00
3,514 Whitbread PLC 76 122/153p Ord 3,514.00
14,610 Merchants Trust PLC 25p Ord 14,610.00
1,349 Intercontinental Hotels Group PLC 20.85p Ord 1,349.00
8,409 National Grid PLC 12.43p Ord 8,409.00
11,615 The British Land Company PLC 25p Ord 11,615.00
730 British American Tobacco PLC 25p Ord 730.00
Cash 17,232.34
To Balance Nominal Credits and Debits 181,339.00 181,339.00
(Sgd) J R C Dawson
J R C Dawson for and on behalf of the Trustees
Date 10/10/21
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Independent examiner's report on the accounts
Section A Independent Examiner’s Report
| Report to the trustees/ members of On accounts for the year ended Set out on pages Respective responsibilities of trustees and examiner Basis of independent examiner’s statement Independent examiner's statement Signed: Name: Relevant professional qualification(s) or body (if any): Address: |
Charity Name THE LEONARD CHADWICK CHARITABLE TRUST |
Charity Name THE LEONARD CHADWICK CHARITABLE TRUST |
|---|---|---|
| 5 April 2021 Charity no (if any) 327630 |
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| 1 & 2 (remember to include the page numbers of additional sheets) |
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| The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed. It is my responsibility to: examine the accounts under section 43 of the 1993 Act, to follow the procedures laid down in the general Directions given by the Charity Commission (under section 43(7)(b) of the 1993 Act, and to state whether particular matters have come to my attention. 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. In connection with my examination, no matter has come to my attention 1. which gives me reasonable cause to believe that in, any material respect, the requirements: to keep accounting records in accordance with section 41 of the 1993 Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act have not been met ; or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Sally P Batty Date: 29.01.2022 |
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| 29.01.2022 | ||
| Sally Paulina Batty | ||
| Solicitor (Retired) | ||
| 2c Wharfe Lane, Henley-on-Thames, Oxon RG9 2LL | ||
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April 2009
IER
IER April 2009