MRS A. LACY-TATE TRUST Chari Commission Number: 803596 -ooOoo- Trustees Report and Accounts for the year ended 5th April 2024 --ooOoo- Prq)ared by :_ Heringtons Solicitors l Upper Lake Battl¢ East Sussex TN33 OAN
MRS A LACY-TATE TRUST Administration detalls Trustees . Mr l.M.A. Stewart Mrs L.A.Macey Mrs L.A. Burgess Regist•red Charity Number . 803596 Prlnclpal Address . 37-39 Gildredge Road, Eastbourne, East Sussex, BN214RX Independent Examlner . Ashdown Hurrey Auditors Ltd 20 Havelock Road Hastings East Sussex, TN34 1 BP Banker8 . Lloyds Bank Temiinus Road, Eastbourne, Sollcltors Heringtons LLP. 37-39 Gildredge Road, Eastboume, East Sussex, 8N214RX Stockbrokers . None
MRS A LACY-TATE TRUST Trustees Re ort for the ear ended 5th A ri12024 The Trustees present their report and financial statement for the year ended 5th April 2024. These hav8 been prepared on a receipts and paymenls basis. structure overnance and mana ement The charity is registered with the Charity Commission , number 803596 and constituted and governed by a Deed of Trust dated 6th April 1990. New Trustees are usually known by th8 existing Trustees and are appointed by them. Public beneflt The Trustees have consid8r8d their duty set out in Section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Commission. and in their opinion the foregoing report on the achievements and perfomiance demonstrates that they have complied therewith. Ob ectives and actlvltles The areas of beneflt of the Charity are the old County of East Sussex. The Trusts, objectives within those areas are Such Charitable purpose for the general benefit of the inhabitants or some of tham. To relieve in cases of need, hardship and distress. To further education ( including social and physical training ) of children. To relieve the suffering of animals of any species. The Charity has an endowment invested to produce an annual income and it is the Trustees intention to try and distribute as near as is possible the annual income in the year in which it accrues due. Any unspent income is carried forward and expended in the following year. The Charity receives approaches from various organisations arKI individuals for funding and considers each on its merits.
MRS A LACY-TATE TRUST Trustees Re ort for the ear ended 5th ril 2024 Cont. Achievements and erformance In the year under review the Trustees have assisted sixty seven different bodies and nineteen individuals in the areas of benefit. Reserves olic The Trustees general reserve policy is to maintain sufficient funds to cover donations and to ensure smooth running of the day to day operations of the Trust. However, no strict resen4e policy is necessary as the Trustees are permitted to spend Capital. Financlal review The impact of the war in Ukraine on the global markets continues to have an impact on the performance of the income generated from the investment portfolio. The Trustees have taken this into consideration when awarding grants and as a result the value of the grants has been reduced. The Trustees have increased the number of grants during this year although the valu8 of the grants has reduced. It is hoped that the investment income will start to improve and that the level of grants can be increased in the next year. Declaration The Trustees declare that they have approved the Trustees report. Signed on behalf of the Charity's Trustees l.M.A. Stewart Trustee Date: 7.2. 1015
Inde ndent Examin To the Trustees of the Mrs A Lac ounts for the -Tate Trnst ril 2024 I rewrt to the trust&s on my examination of the accounts cé the Mrs A Lacy-Tate Trust (the Trust) for the year end&1 5° April 2024, which are set out on ageS 5 to 22. Responslbilities and basis of report As the charity trustees of the Trust you are responsible for the preratIOn of the accounts in accordan with the requirements of the Charities Act 2011Cthe W. I report in restxt of my examination of the Trustee's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have folbwej all the applicable Directions given by the Charity Commission under section 145{5)(b) of the 2011 Act. Independent examiner's ststement I have completed my examinatrjn. I confinn that ro maknal matters have come to my attention in connection with the examinab'on giving me c3U5e to believe that in any material respect: (l) accounting records were not kept in of the Trust as r4uired by section 130 of the Act; or (2) the accounts do not accord with those re(Drds. I have no COnrn$ and have come auoss ro other matters in connectbon with the examinab'on to whith attention should be drawn in this reEK)rt in order to enable a proper understanding of the accounts to be reached. S Rosling FCC4 For arKI on half cé Ashdown Hurrey Auditors Limited 20 Havelock Road Hasb'ngs East Sussex TN34 IBP Dats.. F.L 2015
MRS A LACY-TATE TRUST Chari Commission Number . 803596 Accounts for the ear to 5th A ril 2024 Recei ts and Pa ments Account INCOME ACCOUNT 2024 2023 Recei Investment Income - See attached schedule Dividends ( schedule 1) Fixed Interest { schedule 1) Overseas Income { schedule 1) Unit Trusts Interest ( schedule 1) Propety Income Distribution ( schedule 1 ) 49,513.76 1,212.50 169.03 1,308.03 475.53 55,014.69 1.212.50 155.51 1.119.81 451.72 Ground Rents { schedule 2) 0.00 Gross Interest ( schedule 2) 0.00 52.678.85 57,954.23 Less . Pa ments Direct Charitable Expenditure Donations { schedule 3) 43.750.00 64,339.00 Other Expendilure - Administration Expenses . one ha ( schedule 4) 1,775.40 45,525.40 2,227.80 66,566.80 Not Recol ts Pa ments for the ear 7.153.45 8,612.57 LatyTate, A.Wil Trt.2104vlOl4
MRS A LACY-TATE TRUST Chari Commission Number . 803596 Accounts for the ear to 5th A ril 2024 Recei ts and Pa ments Account CAPITAL ACCOUNT Recel Proceeds from sale of Investrnents ( schedule 6) 2024 2023 6,506.73 2.13 2.13 6,506.73 88'.Pa ments Administratlon Expenses - one half { schedule 4) 1.775.40 2,227.80 Cost of purchase of Investments ( sche(luSe 6) 1,315.32 3,090.72 5,991.76 8,219.56 Net R•cel ts Pa ments for the 3.088.59 1,712.83 SUMMARY Bank balance as at 5th April 2023 253,874.93 264,200.33 Income Account Net Receipts ( Payments ) 7.153.45 -8.612.57 Capital Account Net Receipts { Payments ) 4.088.59 4,064.86 -1,712.83 -10,325.40 Bank balan as at 5th April 2024 £ 257,939.79 £ 253.874.93 LoG*T4t•,&WlllTrwt-202404112r1024
MRS A LACY-TATE TRUST Chari Commission Number . 803596 Accounts for the ear to 5th A ril 2024 Assets & Liabilities Account MONETARY ASSETS Lloyds Bank 2024 257,333.54 2023 253,268.68 Heringtons Solicitors 606.25 606.25 Unrestricted Funds £ 257.939.79 £ 253,874.93 NON-MONETARY ASSETS Investments at cost I schedule 6) In view of the Trustees intention to sell the portfolio of shares for reinvestment no valuation has been obtained. 493,392.36 492.079.17 Liverpool Ground Rents 74.39 74.39 £ 493,466.75 £ 492,153.56 Note . The Trustees estimate the value of the Liverpool Ground Rents to be equivalent to the above figure. OTHER ASSETS Income Tax Refund 5,148.55 Unclaimed Dividends 1.798.45 1,354.66 Proceeds Sale of Investments 101,449.87 101,449.87 £ 103,248.32 £ 107,953.08 LIABILITIES Grants to Individual and Institutions Administration Fees 1.675.00 0.00 0.00 1,675.00 These Accounts were approved by the Trustees on :_ 3. 2. 1015 LAtyTate.A.WIllTw*. 2024 07102r2025
MRS A LACY-TATE TRUST Commission Number . 803596 Schedule 1 Income Account 202312024 Chari Dlvidends Astrazeneca plc Ord. US$O.25 Gross 794.11 1,725.36 1.106 1110912023 2510312024 1,216 Aviva plc Ord. 32 17119p 1810512023 0511012023 251.71 134.98 1,910 British American Tobacco plc Ord. 25p 0310512023 1810812023 0311112023 0110212024 1,102.46 1,102.45 1,102.45 1,102.46 2,424 Compass Group plc Ord. 111120p 2710712023 2910212024 363.80 681.15 1,450 Diageo plc Ord. 28 1011108 1310412023 1211012023 447.03 712.96 2,960 Edlnburgh Investment Trust plc Ord. 25p 2610512023 2810712023 2411112023 2310212024 198.32 198.32 198.32 198.32 5.161 GSK plc Ord. 31 114p 1310412023 1310712023 1211012023 1110112024 709.63 722.54 722.54 722.54 6,452 Haleon plc Ord. 1p 2710412023 0511012023 154.84 116.13 2.700 HSBC Holdings plc Ord. US$O.50 2710412023 2310612023 2110912023 2111212023 500.56 214.32 215.41 214.73 2.679 ITV plc Ord. 10p 82.7640 Liontrust Fund Partners Liontrust European Income R Income 3010612023 5.18 10,171 Lloyds Banking Group plc Ord. 10p 2310512023 1210912023 162.74 93.57 4,945 M&G plc Ord. 5p 2710412023 0311112023 662.63 321.43 Balance carried forward 15.852.77 KWII Tnjlt.24 0411212024
MRS A LACY-TATE TRUST Commission Number . 803596 Schedule 1 Cont. Income Account 202312024 Chari Dividends Cont. Balance brought forward Gros8 15,852.77 9.387 Marks & Spencer Group plc Ord.1p 1210112024 93.87 7,79) Momenlum MuSti Asset Value Trust ptc Ord. 25p 3010612023 1810812023 202.54 194.75 1,475 Murray Intemational Trust plc Ord. 25p 0510512023 1610812023 1711112023 1610212024 295.00 177.00 177.00 177.00 2,598 National Grid plc Ord. 12 2041473p 0910812023 1110112024 976.84 504.01 4,945 Prudential plc Ord. 5p 1510512023 1911012023 517.28 254,92 3,200 Rio Tinto plc Ord. 10p 2010412023 2110912023 5,931.20 4,405.44 1,000 Severn Trent plc Ord. 97 17119p 1410712023 1010112024 640.90 467.40 11.880 Shell plc Ord. Euro 0.70 2610612023 1810912023 2011212023 2510312024 2,731.22 3,103.05 3,125.63 3,195.72 1,020 SSE plc Ord. 50p 2110912023 0810312024 690.54 204.00 1.795 Standard Chartered plc Qrd. US$O.50 1110512023 1311012023 201.92 88.14 11,210 Tesco plc Ord. 6 113p 2310612023 2411112023 790.30 431.58 2.410 Unilever plc Ord. 3 119p 1510612023 3110812023 0811212023 2210312024 911.70 891.70 895.32 878.93 6,565 Vodafone Group plc Ord. US$O.20 20121 0410812023 0210212024 253.65 252.44 Balance carried forward 49,513.76 LawTaie. AVIMITnJ5t-20240411VIQ24
MRS A LACY-TATE TRUST Commission Number . 803596 Schedule 1 Cont. Income Account 202312024 Chari Dividends Cont. Balance brought forward Gmss 49,513.76 11,732.961 vr Momentum Dlversified Income Funcl B Income Units £49,513.76 Flxed Interest The Coventry Bulldlng Society 12 118 % Permanent Interesl Bearing Shares Gr088 606.2S 606.25 £10,000.00 0110912023 0110312024 1,212.50 Unlt Trust - Interest Columbia Threadneedle Investment Funds High Yield Bond Fund Z Income Gr088 31,047.0465 31,047.0465 31,176.5749 31,292.7641 31,406.8253 31,517.9798 31,637.5312 202212023 0411112022 0211212022 0410112023 0310212023 0310312023 0410412023 0410512023 0210612023 0310712023 0410812023 0410912023 0411012023 100.78 102.83 99.47 110.12 116.95 98.64 102.45 115.99 125.03 89.03 124.10 123.66 1,308.03 La¢rTate.KWII Tru¥l- 2024 04112rAo4 10
MRS A LACY-TATE TRUST Commission Number . 803596 Schedule 1 Cont. Income Account 202312024 Chari ois Tax 18.27 17.89 18.39 17.88 Overseas Dividend Jackson Financial Inc. Gross 60.90 59.64 61.31 59.61 Net 123 1710412023 0610712023 0511012023 0910112024 42.63 41.75 42.92 41.73 £169.03 Pro ert Income Distribution BMO Commercial Property Trust Ltd Ord. 1p Gro38 47.55 47.55 47.55 Tax 9.51 9.51 9.51 11,888 3110312023 2e40412023 3110512023 38.04 38.04 38.04 38.04 38.04 38.04 38.04 41.85 41.85 41.85 41.86 41.85 3110T12023 47.55 9.51 2910912023 3111012023 3011112023 2911212023 3110112024 2910212024 47.55 52.31 52.31 52.31 52.31 52.31 9,51 10.46 10.46 10.46 10.46 10.46 £475.53 L•wTiie. AWMITnA-JWIW12r2tr24 11
MRS A LACY-TATE TRUST Charit Commission Number . 803596 Income Account Schedule 2 202312024 Gross Interest Lloyds Bank Liver ool Ground Rents Lx*T¥iv. AVIII T11- 2024 OIM212024 12
MRS A LACY-TATE TRUST Commission Number . 803596 Schedule 3 Distribution of Benefits 202312024 Chari Institutions Bourne Primary School YMCA Downslink Group Glyne Gap School Hospice in the Weald Demelza East Sussex Vision Support The Fishermans Mission Sussex Nightstop The One Voice Foundatlon Woodland Project ( Circle of Lrfe Discovery ) Family Support Work Eastbourne Community First Responders Kent Surrey Sussex Air Ambulance The La Di Da Society Fareshare Sussex & Surrey K8rmabank St Johns Ambulance Amaze Sussex East Sussex Age UK Eastbourne Amalgamated Charities St Wilfrid's Hospice Brighton Dome & Festival Hospice in the Weald The Southfield Trust Hastings & Rother Furniture Service Eastbourne Shopmobility Macmillan Cancer Support Hastings International Piano Concert Rockinghorse Hampden Park Tennis Club Spun Glass Theatre Sussex Chorus Newhaven Bowling Club AGE Concem Eastbourne Demelza Jigsaw South East Sara Lee Trust Community Advice, Support Education East Sussex County Council .. Through Care Sensory Soft P5ay Blind Veterans UK Dltch the Label British Wireless for the Blind Fund Raystede Centre for Animal Welfare 3rd Hastings Brownies Ore in Bloom Off the Fence Trust 500.00 500.00 500.00 500.00 500.00 1,000.00 500.00 500.00 500.00 500.00 600.00 1,000.00 1,000.00 250.00 500.00 250.00 500.00 750.00 500.00 1,000.00 1,000.00 500.00 2,000.00 500.00 250.00 500.00 500.00 500.00 500.00 500.00 450.00 250.00 800.00 1,000.00 500.00 500.00 500.00 250.00 500.00 500.00 500.00 500.00 500.00 1,000.00 300.00 100.00 500.00 Balance carried forward 27.250.00 LaTat& A.WiN TDMt-2024 011lYa 13
MRS A LACY-TATE TRUST Commission Number . 803596 Schedule 3 Distribution of Benefits 202312024 Chari Institutions ConL Balance brought fonvard 27,250.00 The Salvation Army Brighton Unemployed Centre Baby Bank & Beyond YMCA Eastboume Eastbourne Nerk Martlets Hospice St Michaels H05plce The Matthew 25 Mission Survivors Network Knight Foundation Carefree Project Chailey Heritage Foundation On Course Foundation Towner 100 Westerleigh Judokwai Carousel Happy Day3 Llfeslze De La Warr Pavilion Charitable Trust Ditchling Museum of Art & Crafts 8ramber Bakehouse 500.00 500.00 250.00 1,000.00 1,000.00 500.00 1,000.00 500.00 500.00 500.00 500.00 500.00 500.00 250.00 250.00 500.00 500.00 500.00 500.00 750.00 38,250.00 Indlvlduals Nineteen 5,500.00 £ 43,750.00 LwToMA.WIITru1t.all40411W4 14
MRS A LACY-TATE TRUST Commission Number . 803596 Schedule 4 Administration Ex 202312024 Chari enses Herin tons Solicitors Administration 2.184.00 VAT 436.80 2,620.80 Accounts VAT 0.00 Ashdown Hurre Costs Accountants 775.00 VAT 155.00 930.00 £3,550.80 L•wTats. KWIITru•t-2024 04112W4 15
MRS A LACY-TATE TRUST Commission Number . 803596 Schedule 5 Cont. Chari Summa Income and Ca ital Accounts Income Account Balance brought forward 6th April 2023 2024 55,811.75 2023 64.424.32 Add Net Receipts ( Payments ) for the year ( schedule 1) 7,153.45 -8.612.57 Balance carried forward 5th April 2024 £ 62,965.20 £ 55,811.75 Ital Account Balance brought forward 6th April 2023 2024 69a.216.74 2023 693,321.01 690,216.74 693,321,01 Less Administrallon Expenses 1.775.40 2,227.80 Loss on Sale of Investments ( schedule 6) 1,775.40 876.47 3,104.27 888,441.34 690,216.74 Ad Profit on sale of Investments ( schedule 6) Balance carrled forward 5th April 2024 £ 688,441.34 £ 690,216.74 LacwTare. kWHITMt-2024 0411&W24 16
MRS A LACY-TATE TRUST Commission Number . 803596 Schedule 5 Chari Summa Income Account 2024 62,965.20 2023 55.811.75 Capital Account 688,441.34 690,216.74 £ 751,406.54 £ 746,028.49 resented b Lloyds Bank 2024 257,333.54 253,268.68 Heringtons 606.25 606.25 Investments at cost ( schedule 6) 493,392.36 492,079.17 Llverpool Ground Rents 74.39 74.39 £ 751,406.54 £ 746,028.49 L•tyTgrè. LWilTru#.2Q24Q4112r2024 17
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