2024-04-05-accounts - The Leonard Chadwick Charitable Trust

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THE LEONARD CHADWICK CHARITABLE TRUST

ANNUAL REPORT FOR THE YEAR TO 5 APRIL 2024

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

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 2023-2024

At the beginning of the year the Trust held a cash credit balance of £6,437.64. This was made up of a Capital debit balance of £77.35 and an Income credit balance available for donations of £6,514.99.

The overall Capital position is as follows:


06/04/23	CAPITAL CASH Brought Forward (Debit Balance)	00.00	77.35
08/09/23	Part payment Investec fees		5.22
05/04/23	CAPITAL CASH Carried Forward (Debit Balance)	82.57	0.00
		82.57	82.57

The cash credit balance at the end of the year of £6,544.73 (last year £6,437.64) was made up of the abovementioned Capital debit balance of £82.57 (last year £77.35 debit) and an Income credit balance available for donations of £6,627.30 (last year £6,514.99) which the Trustees consider to be a satisfactory sum to carry forward.

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

----- Start of picture text -----
This Year Last Year
Receipts Income from Investments 41,471 39,655
Bank Interest 0 0
Other Receipts 0 0
Investments sold etc (Capital items) 0 0
41,471 39,655
Payments Donations 40,000 40,500
Investments purchased 0 0
Examiners fees 300 0
Investec Fees 1,064 1,055
41,364 41,555
Balance Brought forward from last year 6,438 8,338
Balance In hand Capital - 82 - 77
Income 6,627 6,515
6,545 6,438
----- End of picture text -----

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

----- Start of picture text -----
This Year Last Year
Cash at Bank Current account 3,999.53 214.35
Cash at Investec Income account 2,545.20 6,218.07
-
Capital account 5.22
6,544.73 6,437.64
----- End of picture text -----

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 05/04/24:

----- Start of picture text -----
HOLDING Price Value
7,200 GlaxoSmithKline PLC 31.25p Ord 16.2975 117,342
3,673 Shell PLC € 0.07 27.7950 102,091
6,657 Marks & Spencer PLC 1p Ord 2.6115 17,385
60,480 Legal & General PLC 2.5p Ord 2.5115 151,896
4,331 Murray Income Trust PLC 25p Ord 8.2250 35,622
17,219 Tesco PLC 6.33333p Ord 2.8950 49,849
3,514 Whitbread PLC 76 122/153p Ord 31.9900 112,413
14,610 Merchants Trust PLC 25p Ord 5.2400 76,556
1,349 Intercontinental Hotels Group PLC 20.85p Ord 78.7300 106,207
8,409 National Grid PLC 12.43p Ord 10.3275 86,844
730 British American Tobacco PLC 25p Ord 23.295 17,005
11,615 The British Land Company PLC 25p Ord 3.8530 44,753
9,000 Haleon PLC 1p Ord 3.2580 29,322
TOTAL Value of stock exchange investments 947,285
Less Capital Cash Debit balance -83
CAPITAL 947,202
Last Year:
TOTAL Value of stock exchange investments 875,136
Less Capital Cash Debit balance -77
CAPITAL 875,059
----- End of picture text -----

(Sgd) M H Dawson

M H Dawson for and on behalf of the Trustees

Date 21/11/24

LEONARD CHADWICK CHARITABLE TRUST 06/04/23- 05/04/24

		Receipts	Receipts	Receipts	Payments	Payments	Balance	Nominal	Nominal
Date	Description	Dividends	Other Inc.	Capital	Donations	Other		Credits	Debits
6/4/23	BalancesB/F from05/04/23
	7,200 GlaxoSmithKlinePLC 31.25p Ord							7,200.00
	3,673 Shell PLC € 0.07							3,673.00
	6,657 Marks & Spencer PLC1p Ord							6,657.00
	60,480Legal& General PLC2.5p Ord							60,480.00
	4,331 MurrayIncomeTrustPLC25 p Ord							4,331.00
	17,219TescoPLC 6.3333p Ord							17,219.00
	3,514 WhitbreadPLC76122/153p Ord					`		3,514.00
	14,610MerchantsTrustPLC25p Ord							14,610.00
	1,349Intercontinental Hotels GroupPLC20.85p Ord							1,349.00
	8,409NationalGridPLC12.43p Ord							8,409.00
	11,615TheBritish Land CompanyPLC25p Ord							11,615.00
	730British American TobaccoPLC25p Ord							730.00
	9,000Haleon PLC1p Ord							9,000.00
	Cash						6,437.64
30/06/23	INVESTECWEALTH Nomineeincome to 5/7/23	14,516.94					20,954.58
07/07/23	StBotolph's SwyncombePCC				500.00		20,454.58
07/07/23	FarmsforCity Children				1,000.00		19,454.58
07/07/23	SPANA				3,000.00		16,454.58
07/07/23	BrookeHospital for Animals				3,000.00		13,454.58
07/07/23	Welsh NationalOpera				2,000.00		11,454.58
07/07/23	Medical Aidfor Palestinians				2,000.00		9,454.58
07/07/23	WorldAnimal Protection				2,000.00		7,454.58
29/09/23	INVESTECWEALTH Nomineeincome to 5/10/23	13,625.75					21,080.33
19/10/23	Time andTalents				1,000.00		20,080.33
19/10/23	CPRE				2,000.00		18,080.33
19/10/23	Crisis				2,000.00		16,080.33
19/10/23	StMungo's				1,500.00		14,580.33
19/10/23	Centrepoint				1,000.00		13,580.33
19/10/23	Humane Slaughter Association				2,000.00		11,580.33
19/10/23	UFAW				2,000.00		9,580.33
19/10/23	OxfordshieDyslexiaAssociation				2,000.00		7,580.33
29/12/23	INVESTECWEALTH Nomineeincome to 5/1/24	2,113.42					9,693.75
10/01/24	INVESTECWEALTH Nominee additional receipt	4,385.69					14,079.44
15/01/24	VillageHallatRussellsWater				1,500.00		12,579.44
15/01/24	Prisoners' Education Trust				2,000.00		10,579.44
15/01/24	CPREOxfordshire				1,000.00		9,579.44
15/01/24	TheIslandTrust				2,500.00		7,079.44
15/01/24	NicholasHammondFoundation(Clare College, Cambridge)				2,000.00		5,079.44
15/01/24	Nettlebed School				2,000.00		3,079.44
15/01/24	Centre70				2,000.00		1,079.44
09/02/24	INVESTECWEALTH Nominee additional receiptfor income	1,551.26					2,630.70
19/02/24	Pascucci& Co,Examinersfee					300.00	2,330.70

LEONARD CHADWICK CHARITABLE TRUST 06/04/23- 05/04/24

10/04/24	INVESTECWEALTH,Nomineeincome to 5/4/24	2,733.32					5,064.02
30/05/24	INVESTECWEALTH Nominee additional receiptfor income to 5/4/2	2,545.20					7,609.22
	BANK INTEREST received during year		0.00				7,609.22
	INVESTECWEALTH,Fee charges during year					1,064.49	6,544.73
		41,471.58	0.00	0.00	40,000.00	1,364.49

05/04/24	Balances C/Fto 06/04/24:
	7,200 GlaxoSmithKlinePLC 31.25p Ord								7,200.00
	3,673 Shell PLC € 0.07								3,673.00
	6,657 Marks & Spencer PLC1p Ord								6,657.00
	60,480Legal& General PLC2.5p Ord								60,480.00
	4,331 MurrayIncomeTrustPLC25 p Ord								4,331.00
	17,219TescoPLC 6.3333p Ord								17,219.00
	3,514 WhitbreadPLC76122/153p Ord								3,514.00
	14,610MerchantsTrustPLC25p Ord								14,610.00
	1,349Intercontinental Hotels GroupPLC20.85p Ord								1,349.00
	8,409NationalGridPLC12.43p Ord								8,409.00
	11,615TheBritish Land CompanyPLC25p Ord								11,615.00
	730British American TobaccoPLC25p Ord								730.00
	9,000Haleon PLC1p Ord								9,000.00
	Cash						6,544.73
	ToBalanceNominalCredits andDebits							148,787.00	148,787.00


	(Sgd)M H Dawson
	M H Dawson forand onbehalfoftheTrustees

	Date21/11/24

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Charity Name

Report to the trustees/ Charity Name THE LEONARD CHADWICK CHARITABLE TRUST members of

On accounts for the year 5 April 2024 ended

Charity no 327630 (if any)

Set out on pages 1 & 2

(remember to include the page numbers of additional sheets)

Respective responsibili- The charity's trustees are responsible for the preparation of the accounts. ties of trustees and ex- The charity’s trustees consider that an audit is not required for this year un- aminer der 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.

Basis of independent ex- My examination was carried out in accordance with general Directions given aminer’s statement 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 matter has come to my attention

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.

Signed: G Pascucci

Date: 12 February 2025

April 2009

IER

Name: Giuseppe Pascucci Relevant professional Association of Taxation Technicians qualification(s) or body (if any): PASCUCCI & CO, Park House, PO Box 522, Park Street, SLOUGH, SL3 6YU Address:

April 2009

IER