## **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 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 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. 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** **----- 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
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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 **----- 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
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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 05/04/24: **----- 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
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_(Sgd) M H Dawson_ M H Dawson for and on behalf of the Trustees Date 21/11/24 1 ## **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||| 1 2 ## **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||||||||| 2 ## **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 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. > **Signed:** G Pascucci **Date:** 12 February 2025 1 **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:** 2 **April 2009** **IER**