Trustees’ Annual Report for the period
From 05 April 2024 Period start date To Period end date
Charity name: The Mackay and Brewer Charitable Trust
Charity registration number: 10172666
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | To hold the capital and income upon trust to apply the income and all or such parts of the capital at such time or times and in such a manner to or for the benefit of such exclusively charitable objects and purposes in any part of the world as the Trustees may in their absolute discretion think fit. The Trustees will take into account the Letter of Wishes which requests that consideration be given to benefit the following charities: Marie Curie, Hampshire Association for the Care of the Blind, The National Trust for Scotland, The Salvation Army, Macmillan Unit (Christchurch Dorset), Medicine Sans Frontiers (UK), St John Ambulance, and The People’s Dispensary for Sick Animals. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
In the furtherance of the charity’s objectives for the public benefit the trustee shall provide grants and donations. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | In determining how the charity should pursue its objects, the trustees have had regard to the Charity Commission's guidance on public benefit. |
Additional information (optional) You may choose to include further statements where relevant about:
| SORP reference | ||
|---|---|---|
| Policy on grant making | Para 1.38 | N/A |
| Policy on social investment including program related investment |
Para 1.38 | N/A |
| Contribution made by volunteers |
Para 1.38 | N/A |
| Other | N/A |
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | During the period under review the charity made two grants to the following charities totalling £83,300. • Hampshire Association for the Care of the Blind • Macmillan Cancer Support • Marie Curie • The National Trust for Scotland • The People’s Dispensary for sick Animals • St John Ambulance in Wales • The Salvation Army |
| Additional information (optional) You may choose to include further statements |
Additional information (optional) You may choose to include further statements |
where relevant about: |
|---|---|---|
| Achievements against objectives set |
Para 1.41 | N/A |
| Performance of fundraising activities against objectives set |
Para 1.41 | N/A |
| Investment performance against objectives |
Para 1.41 | N/A |
| Other | N/A |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | In addition to the free reserves the charity has bank balances of £87,823 (year ended 5 April 2024: £56,814) and investments valued at £3,549,618 within the expendable endowment fund which can be released to support the activities of the charity. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The Trustees pursue a policy of maintaining a free reserve available to be spent in the furtherance of the charity’s objectives as well as covering future needs, opportunities, contingencies and risks. |
| Amount of reserves held | Para 1.22 | At the end of the period the charity had free reserves of £74,913 (year ended 5 April 2024: £55,308) |
| Reasons for holding zero reserves |
Para 1.22 | N/A |
| Details of fund materially in deficit |
Para 1.24 | No funds in deficit |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | N/A |
| Additional information (optional) | Additional information (optional) | Additional information (optional) | |
|---|---|---|---|
| You may choose to include further statements where relevant about: | |||
| The charity’s principal | Para 1.47 | N/A | |
| sources of funds (including | |||
| any fundraising) | |||
| Investment policy and | Para 1.46 | N/A | |
| objectives including any | |||
| social investment policy | |||
| adopted |
| Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
|---|---|---|
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | N/A |
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | N/A |
| A description of the principal risks facing the charity |
Para 1.46 | N/A |
| Other | Expendable endowment funds are those which are required to be invested to produce income, but which may be transferred to unrestricted funds at the discretion of the trustees in order that they may be expended in furtherance of the charity’s objectives. Unrestricted income funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 |
Will trust dated 5 May 1992 (probate granted 27 August 1998) |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Trust |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | The trustee was appointed by the will of the settlor, with new trustees appointed by the existing trustee. |
| Additional information (optional) You may choose to include further statements |
Additional information (optional) You may choose to include further statements |
where relevant about: |
|---|---|---|
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | N/A |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | N/A |
| Relationship with any related parties |
Para 1.51 | No trustee received any remuneration or was reimbursed any expenses in the year under review. Ludlow Trust Company (Southampton) Limited (formerly HSBC Trust Company (UK) Limited) were paid £21,968 (year ended 5 April 2024: £20,496) for the provision of administrative services. These fees are authorised under clause 2 of the trust deed. |
| Other | N/A |
Reference and Administrative details
| Charity name | The Mackay and Brewer Charitable Trust |
|---|---|
| Other name the charity uses | - |
| Registered charity number | 1072666 |
| Charity’s principal address | Ludlow Trust Company (Southampton) Limited Yarmouth House 1300 Parkway Solent Business Park Whiteley PO15 7AX |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee(if any) |
|---|---|---|---|---|
| Ludlow Trust Company (Southampton) Limited (formerly HSBC trust Company (UK)Limited) |
||||
– Corporate trustees names of the directors at the date the report was approved
| Director name | ||
|---|---|---|
| Gary St John Collins | appointed 01/03/2025 | |
| Walter Duncan Coxon | appointed 01/03/2025 | |
| Christopher Ian Thurlow | appointed 19/03/2025 | |
| Matthew John Wickers | appointed 01/03/2025 | |
| Jacqueline Marie Gentles | resigned 01/03/2025 | |
| Emma Louise Chee | resigned 01/03/2025 | |
| James Coyle | resigned 24/04/2024 | |
| Jenny Fiona Goldie-Scot | resigned 01/03/2025 | |
| James Edward Hewitson | resigned 01/03/2025 | |
| Pail Michael Spencer | resigned 05/12/2024 |
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets N/A held in this capacity
Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects
Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
| Investment manager | HSBC UK Bank plc | 8 Cork Street, London, W1S 3LJ |
|---|---|---|
| Banker | HSBC UK Bank plc | 8 Cork Street, London, W1S 3LJ |
| Independent examiner | Katie Wilson | Blue Spire Limited, Cawley Priory, South Pallant, Chichester, PO19 1SY |
Name of chief executive or names of senior staff members (Optional information)
N/A ~~PR~~
Exemptions from disclosure
Reason for non-disclosure of key personnel details
~~OO~~ Other optional information
~~ee~~
Declarations The trustees declare that they have approved the trustees’ report above. on behalf of the charity’s trustees Signature(s) ~~a~~ Full name(s) Chris Thurlow Position (eg Secretary, On behalf of Ludlow Trust Chair, etc) Company (Southampton) Limited ~~—|~~ (Trustee) ~~—~~ Date 06 March 2026 ~~|~~
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Charity Name No (if any) The Mackay and Brewer Charitable Trust 1072666 Receipts and payments accounts For the period Period start date To from 06-Apr-24 ~~ee ee ee~~ Section A Receipts and payments
Period end date
07-May-25
CC16a
| Unrestricted funds |
Restricted funds |
Endowment funds |
Total funds | Last year | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| to the nearest £ | to the nearest £ | to the nearest £ | to the nearest £ | to the nearest £ | to the nearest £ | |||||
| A1 Receipts | ||||||||||
| Income from bank interest | 1,360 | - | - | 1,360 | - | |||||
| Income from investments | 102,545 | - | - | 102,545 | 82,192 | |||||
| Foreign exchangegain | - | - | 7 | 7 | - | |||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| Sub total(Gross income for | (Gross income for | |||||||||
| AR) | AR)103,905 | - | 7 | 103,912 | 82,192 | |||||
| A2 Asset and investment sales, (see table). Sale of investments - - 2,023,744 2,023,744 2,234,932 - - - - - ~~Sub total~~- - 2,023,744 2,023,744 2,234,932 Total receipts 103,905 - 2,023,751 2,127,656 2,317,124 ~~——————~~ |
||||||||||
| A3 Payments | ||||||||||
| Grants awarded | 83,300 | - | - | 83,300 | 130,375 | |||||
| Investment management | - | - | 36,460 | 36,460 | 10,168 | |||||
| Administrative services | 22,107 | - | - | 22,107 | 41,123 | |||||
| independent examination fee | 3,000 | - | - | 3,000 | 2,904 | |||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| **Sub total ** | 108,407 | - | 36,460 | 144,867 | 184,570 | |||||
| A4 Asset and investment purchases, (see table) Investmentspurchased - - 1,951,780 1,951,780 2,114,844 - - - - Sub total - - 1,951,780 1,951,780 2,114,844 Total payments 108,407 - 1,988,240 2,096,647 2,299,414 ~~—————~~ |
||||||||||
| Net of receipts/(payments) - 4,502 - 35,511 31,009 17,710 A5 Transfers between funds 24,107 - - 24,107 - - A6 Cash funds last year end 55,308 - 1,506 56,814 39,104 Cash funds this year end 74,913 - 12,910 87,823 56,814 ~~=======~~ |
CCXX R1 accounts (SS)
06/03/2026
1
Section B Statement of assets and liabilities at the end of the period
==> picture [516 x 729] intentionally omitted <==
----- Start of picture text -----
||||||
|---|---|---|---|---|
|Unrestricted|Restricted|Endowment|
|Categories|Details|funds|funds|funds|
|to nearest £|to nearest £|to nearest £|
|B1 Cash funds|Capital accounts|-|-|12,910|
|Income accounts|
|74,913|-|-|
|-|-|-|
|Total cash funds|74,913|-|12,910|
|SBE|
|(agree balances with receipts and payments|
|account(s))|OK|OK|OK|
|Unrestricted|Restricted|Endowment|
|funds|funds|funds|
|Details|to nearest £|to nearest £|to nearest £|
|B2 Other monetary assets|-|-|-|
|-|-|-|
|-|-|-|
|-|-|-|
|-|-|-|
|-|-|-|
|=—===|
|Fund to which|Current value|
|Details|asset belongs|Cost (optional)|(optional)|
|B3 Investment assets|Investment portfolio|-|3,549,617|
|-|-|
|-|-|
|-|-|
|-|-|
|===>|
|Fund to which|Current value|
|Details|asset belongs|Cost (optional)|(optional)|
|B4 Assets retained for the|-|-|
|charity’s own use|-|-|
|-|-|
|-|-|
|-|-|
|-|-|
|-|-|
|-|-|
|-|-|
|====|
|Fund to which|Amount due|When due|
|Details|liability relates|(optional)|(optional)|
|B5 Liabilities|-|
|-|
|-|
|-|
|-|
|—===|
|Signed by one or two trustees on|Date of|
|behalf of all the trustees|Signature|Print Name|approval|
|Chris Thurlow on behalf of Ludlow|06 March 2026|
|Trust Company (Southampton) Limited|
|(Trustee)|
|2|06/03/2026|
----- End of picture text -----
CCXX R2 accounts (SS)
06/03/2026
Independent Examiner's Report to the Trustees of The Mackay and Brewer Charitable Trust
I report to the charity trustees on my examination of the accounts of the charity for the period ended 7 May 2025
Responsibilities and basis of report
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the accounts do not accord with those records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
batic Wilsou
Katie Wilson FCA Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY
Date 06 March 2026