EPWORTH INVESTMENT FUNDS FOR CHARITIES

Charity Number: 1182845

Charity overview

Activities - how the charity spends its money

Epworth Investment Funds for Charities is a Charity Authorised Investment Fund which is available for investment by charities. The fund currently has six sub funds. Epworth Investment Management Limited is the manager of the fund. More information can be found at the following website: www.epworthinvestment.co.uk.

Income and expenditure

Data for financial year ending 31 October 2023

Total income: £10,081,000
Total expenditure: £1,009,000

People

2 Trustee(s)

Employees with total benefits over £60,000

No information available

Fundraising

No information available

Trading

No information available

Trustee payments

No information available

What, who, how, where

What the charity does:
  • General Charitable Purposes
Who the charity helps:
  • Other Charities Or Voluntary Bodies
How the charity helps:
  • Other Charitable Activities
Where the charity operates:
  • Throughout England And Wales
  • Northern Ireland
  • Scotland

Governance

Registration history:
  • 05 April 2019: Standard registration
  • 30 April 2021: Funds received from 1087227 THE AFFIRMATIVE FIXED INTEREST FUND FOR CHARITIES
  • 12 May 2021: Funds received from 1087228 THE AFFIRMATIVE EQUITY FUND FOR CHARITIES
  • 12 May 2021: Funds received from 1131752 THE AFFIRMATIVE CORPORATE BOND FUND
Organisation type:
Trust
Other names:

No other names

Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
  • Financial Conduct Authority
Policies:
  • Complaints handling
  • Conflicting interests
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding vulnerable beneficiaries
Land and property:
This charity does not own and/or lease land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

2 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
The Bank of New York Mellon (International) Limited Trustee 04 October 2024
None on record
Waystone Management (UK) Limited Trustee 04 October 2024
None on record

Financial history

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Financial period end date

Income / Expenditure 31/10/2019 31/10/2020 31/10/2021 31/10/2022 31/10/2023
Total gross income £5.82m £9.18m £17.18m £15.21m £10.08m
Total expenditure £637.00k £1.29m £1.56m £1.57m £1.01m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A N/A N/A N/A

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/10/2019 31/10/2020 31/10/2021 31/10/2022 31/10/2023
Own use assets N/A N/A N/A N/A N/A
Long-term investments N/A N/A N/A N/A N/A
Other assets N/A N/A N/A N/A N/A
Defined benefit pension scheme asset or liability N/A N/A N/A N/A N/A
Total liabilities N/A N/A N/A N/A N/A

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 October 2023
Accounts and TAR 31 October 2023
Annual return 31 October 2022
Accounts and TAR 31 October 2022
Annual return 31 October 2021
Accounts and TAR 31 October 2021
Annual return 31 October 2020 11 February 2021 On Time
Accounts and TAR 31 October 2020 11 February 2021 On Time Download Open in new window
Annual return 31 October 2019 20 August 2020 On Time
Accounts and TAR 31 October 2019 28 February 2020 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

TRUST DEED DATED 05 APR 2019 AS AMENDED BY DEED DATED 14 MAY 2020 AS AMENDED BY DEED DATED 08 MAR 2024

Charitable objects

8.1 SUBJECT TO CLAUSE 8.2, THE TRUST'S CHARITABLE OBJECTIVE WILL BE TO FURTHER THE CHARITABLE PURPOSES OF THE CHARITIES THAT DIRECTLY OR INDIRECTLY HOLD UNITS IN THE SUB-FUNDS FROM TIME TO TIME. 8.2 IF AT ANY TIME THERE ARE NO UNITHOLDERS IN ANY SUB-FUND, THE AUTHORISED FUND MANAGER AND DEPOSITARY WILL DETERMINE THE TRUST'S CHARITABLE PURPOSES. 8.3 NO CHANGE MAY BE MADE TO THIS DEED WHICH WOULD: 8.3.1 CAUSE THE TRUST TO CEASE TO BE A CHARITY; OR 8.3.2 AUTHORISE UNITS TO BE ISSUED OR TRANSFERRED TO, OR HELD BY, ANY PERSON OTHER THAN AN ELIGIBLE INVESTOR, WHETHER DIRECTLY OR THROUGH A NOMINEE. 8.4 NO REVOCATION, VARIATION OR AMENDMENT OF THIS DEED WHICH WOULD, OR MIGHT, BE INCONSISTENT WITH THE TRUST'S STATUS AS A COMMON INVESTMENT FUND (ESTABLISHED PURSUANT TO SECTIONS 96 TO 99 OF THE CHARITIES ACT) WILL BE VALID WITHOUT THE PRIOR WRITTEN APPROVAL OF THE COURT OR OF THE COMMISSION.

Contact information

Address:
Link Group
Central Square
29 Wellington Street
LEEDS
LS1 4DL
Phone:
02045586759
Email:
WFS-productdelivery@waystone.com
Website:

www.epworthinvestment.co.uk Open in new window