## **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** **----- 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: 1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. 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