## **THE LEONARD CHADWICK CHARITABLE TRUST** ## **ANNUAL REPORT FOR THE YEAR TO 5 APRIL 2023** The Leonard Chadwick Charitable Trust formally of Flat 16, 41 Queen’s Gate Terrace, London SW7 5PN, and is now of Broadmead Farm, West Knoyle, Warminster, Wiltshire, BA12 6AE 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 Mr Matthew Dawson (Correspondent) The Trust’s Bankers are National Westminster Bank. The Trust’s Financial Advisers are Investec Wealth & Investment, 2 Gresham Street, London EC2V 7QN. The Trust’s Independent Examiner is Giuseppe Pascucci ATT 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 Farms for City Children 2 ## **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 2022-2023** At the beginning of the year the Trust held a cash credit balance of £8,337.93. This was made up of a Capital debit balance of £77.35 and an Income credit balance available for donations of £8,415.28. The overall Capital position is as follows: |**06/04/22**|**CAPITAL CASH Brought Forward (Debit Balance)**|**00.00**|**77.35**| |---|---|---|---| |**05/04/23**|**CAPITAL CASH Carried Forward (Debit Balance)**|**77.35**|**00.00**| The cash credit balance at the end of the year of £6,437.64 (last year £8,337.93) was made up of the abovementioned Capital debit balance of £77.35 (last year £77.35 debit) and an Income credit balance available for donations of £6,514.99 (last year £8,415.28) which the Trustees consider to be a satisfactory sum to carry forward. 3 . ## **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** ||||This Year|This Year|This Year||Last Year|Last Year|Last Year| |---|---|---|---|---|---|---|---|---|---| ||||||||||| |Receipts|Income from Investments|||39,655||||35,147|| ||Bank Interest|||0||||1|| ||Other Receipts|||0||||0|| ||Investments sold etc (Capital items)|||0||||0|| |||||**39,655**||||**35,148**|| ||||||||||| |Payments|Donations|||40,500||||43,000|| ||Investments purchased||||0||||0| ||Legal fees||||0||||0| ||Investec Fees||||1,055||||1,043| |||||**41,555**||||**44,043**|| ||||||||||| ||||||||||| |Balance|Brought forward from last year||||**8,338**|||**17,232**|| ||||||||||| ||||||||||| |Balance|In hand Capital||||- 77||||- 77| ||Income||||6,515||||8,415| ||||||**6,438**||||**8,338**| 4 ## **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 ||||This Year|This Year||Last Year|Last Year| |---|---|---|---|---|---|---|---| ||||||||| |Cash at Bank|Current account|||214.35|||1,824.03| |Cash at Investec|Income account|||6,218.07|||6,508.68| ||Capital account|||5.22|||5.22| |||||**6,437.64**|||**8,337.93**| 5 ## 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 05/04/23: ||**HOLDING**
**Price**|**Value**| |---|---|---| |7,200
3,673
6,657
60,480
4,331
17,219
3,514
14,610
1,349
8,409
730
11,615
9,000|GlaxoSmithKline PLC 31.25p Ord
14.8710
Shell PLC € 0.07
23.6275
Marks & Spencer PLC 1p Ord
1.6372
Legal & General PLC 2.5p Ord
2.3490
Murray Income Trust PLC 25p Ord
8.4400
Tesco PLC 6.33333p Ord
2.6385
Whitbread PLC 76 122/153p Ord
29.2650
Merchants Trust PLC 25p Ord
5.6500
Intercontinental Hotels Group PLC 20.85p Ord
52.2500
National Grid PLC 12.43p Ord
11.2875
British American Tobacco PLC 25p Ord
28.0525
The British Land Company PLC 25p Ord
3.8235
Haleon PLC 1p Ord
3.4060|107,071
86,784
10,899
142,068
36,554
45,432
102,837
82,547
70,485
94,917
20,478
44,410
30,654| ||TOTALValue of stock exchange investments
LessCapital Cash Debit balance
CAPITAL
Last Year:
TOTALValue of stock exchange investments
LessCapital Cash Debit balance
CAPITAL|**875,136**
-77| |||**875,059**| |||935,221
-77| |||935,144| |||| ## _(Sgd) M H Dawson_ M H Dawson for and on behalf of the Trustees Date 30/06/23 1 ## **LEONARD CHADWICK CHARITABLE TRUST 06/04/21- 05/04/22** |||**Receipts**|**Receipts**|**Receipts**|**Payments**|**Payments**|**Balance**|Nominal|Nominal| |---|---|---|---|---|---|---|---|---|---| |**Date**|**Description**|**Dividends**|**Other Inc.**|**Capital**|**Donations**|**Other**||Credits|Debits| |**06/04/22**|**Balances B/F from 05/04/22**||||||||| ||**9,000 GlaxoSmithKline PLC 25p Ord**|||||||9,000.00|| ||**3,673 Shell PLC € 0.07**|||||||3,673.00|| ||**6,657 Marks & Spencer PLC 1p Ord**|||||||6,657.00|| ||**60,480 Legal & General PLC 2.5p Ord**|||||||60,480.00|| ||**4,331 Murray Income Trust PLC 25p Ord**|||||||4,331.00|| ||**17,219 Tesco PLC 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**||||||**8,337.93**||| |05/07/22|INVESTEC WEALTH Nominee income to 30/6/22|14,822.70|||||23,160.63||| |18/07/22|St Botolph's Swyncombe PCC||||500.00||22,660.63||| |18/07/22|Farms for CityChildren||||1,000.00||21,660.63||| |18/07/22|SPANA||||3,000.00||18,660.63||| |18/07/22|Brooke Hospital for Animals||||3,000.00||15,660.63||| |18/07/22|Welsh National Opera||||2,000.00||13,660.63||| |18/07/22|Medical Aid for Palestinians||||2,000.00||11,660.63||| |18/07/22|World Animal Protection||||2,000.00||9,660.63||| |18/07/22|9,000 Haleon PLC 1pOrd received on demerger from GlaxoSmithKline PLC|||||||9,000.00|| |19/07/22|9,000 GlaxoSmithKline PLC 25pOrd now||||||||9,000.00| ||7,200 GlaxoSmithKline PLC 31.25pOrd, on consolidation|||||||7,200.00|| |05/10/22|INVESTEC WEALTH Nominee income to 30/9/22|12,633.48|||||22,294.11||| |19/10/22|Time and Talents||||1,000.00||21,294.11||| |19/10/22|CPRE||||2,000.00||19,294.11||| |19/10/22|Crisis||||2,000.00||17,294.11||| |19/10/22|St Mungo's||||1,500.00||15,794.11||| |19/10/22|Centrepoint||||1,000.00||14,794.11||| |19/10/22|Humane Slaughter Association||||2,000.00||12,794.11||| |19/10/22|UFAW||||2,000.00||10,794.11||| |19/10/22|Oxfordshie Dyslexia Association||||2,000.00||8,794.11||| |05/01/23|INVESTEC WEALTH Nominee income to 31/12/22|5,712.87|||||14,506.98||| |13/01/23|Village Hall at Russells Water||||1,500.00||13,006.98||| |13/01/23|Prisoners' Education Trust||||2,000.00||11,006.98||| |13/01/23|CPRE Oxfordshire||||1,000.00||10,006.98||| |13/01/23|The Island Trust||||2,000.00||8,006.98||| |13/01/23|Nicholas Hammond Foundation(Clare College,Cambridge)||||2,000.00||6,006.98||| |13/01/23|Nettlebed School||||2,000.00||4,006.98||| |13/01/23|Centre 70||||2,000.00||2,006.98||| |13/01/23|HenleyMusic School||||1,000.00||1,006.98||| 1 2 ## **LEONARD CHADWICK CHARITABLE TRUST 06/04/21- 05/04/22** ||12/04/23|INVESTEC WEALTH,Nominee income to 1/4/22|INVESTEC WEALTH,Nominee income to 1/4/22|6,485.99|||||7,492.97|||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||BANK INTEREST received during year|||0.00||||7,492.97|||||| |||INVESTEC WEALTH, Fee charges during year||||||1,055.33|6,437.64|||||| |||||**39,655.04**|**0.00**|**0.00 **|**40,500.00**|**1,055.33**||||||| |||||||||||||||| ||**05/04/23**|**Balances C/F to 06/04/23:**||||||||||||| |||**7,200 GlaxoSmithKline PLC 31.25p Ord**||||||||||7,200.00||| |||**3,673 Shell PLC € 0.07**||||||||||3,673.00||| |||**6,657 Marks & Spencer PLC 1p Ord**||||||||||6,657.00||| |||**60,480 Legal & General PLC 2.5p Ord**||||||||||60,480.00||| |||**4,331 Murray Income Trust PLC 25p Ord**||||||||||4,331.00||| |||**17,219 Tesco PLC 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||| |||**9,000 Haleon PLC 1p Ord**||||||||||9,000.00||| |||**Cash**|||||||**6,437.64**|||||| ||||To Balance Nominal Credits and Debits||||||||157,787.00|157,787.00||| |||||||||||||||| |||||||||||||||| |||**_(Sgd) M H Dawson_**||||||||||||| |||**M H Dawson for and on behalf of the Trustees**||||||||||||| |||||||||||||||| |||Date 30/6/23||||||||||||| |||||||||||||||| 2 Independent examiner's report on the accounts Section A IndewndeDt Examiner's Report Report to the trusteo$1 members of THE LEONARD CHADWICK CHARITABLE TRUST On accounts for the year ended 5 April 2023 Charity no lif any) 327630 Set out on pag 1&2 Respè¢tive The charity's trustees a￿ responsible for the preparation of the accounts. responsibilities of The charity's Iruslees Consider that an audit is not required for this year trustees and oxarniner under section 43121 of the Charities Act 1993 Ilhe 1993 Act) and Ihal an independent examination is needed. 11 is my responsibility lo.. examine the accounts under section 43 of the 1993 Act, lo follow the prctedures laid down in the general Directions given by the Charity Commission (under section 4317llb} of the 1993 Act, and to slate whether particular matters have come lo my attention. Basls of Indopendent My examination was ¢amed out in accordance with general Directions given examlnor's gtalement by Ihe Charity Comm15310n. An examination includes a review of the accounting records kept by the charty and a comparison of the accounts presented with those records. 11 also includes conskderalion ol any unusual items or disclosures In the accounts. and seeking explanations from the Iruslees conceming any such matters. The pr￿edureS undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion 1$ given as to whether the account$ present a 'lrue and lair, view and the report is limrted lo those matters set out in the slalemenl below. Inde￿ndent In connection with my examination, no matter ha$ Come lo my attention examiner's statement 1. which gives me reasonable cause lo believe that in, any malerkql respect, the requirements.. lo keep accounting records in accordance with section 41 of the 1993 Act.. and to prepare accounts which accord wtth the ac¢ounling records and compty wrth the accounting requirements of the 1993 Act have not b￿n met ,' or to which, in ry opinion. attention shoukl be drawn in order to enable a proper understanding of the accounls to be reached. signed: Date: IER April 2009 Name: Giuseppe P8SCUC¢i Relevant professional qualificationlsl or body lif anyl- Accountant Address: PASCUCCI & CO. Park House. PO Box 52? Park SireeL SLOUGH, SL3 6YU IER April 2009 IER April 2009