2025-03-05-accounts

Trustees’ Annual Report for the period

From 06 March 2024 To 05 March 2025

Charity name: Philip and Granville Charitable Trust

Charity registration number: 1074547

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The Trustees shall hold the capital and income of the Trust Fund upon trust to apply the income and all or such part or parts of the capital at such time or times and in such 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: St Leonard's Church, Kew Guild, Friends of Kew, The Royal Horticultural Society, The National Trust, The Gardener's Royal Benevolent Society, Imperial Cancer Research Fund, British Red Cross Society, RNIB, RNLI and The Neuropathy Trust..
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 furtherance of the charity’s objects for the public benefit the trustees provides grants in accordance with the letter of wishes.

Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	In determining the charity’s activities 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 Policy on social investment Para 1.38 including program related investment Contribution made by Para 1.38 volunteers Other

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 year under review the charity made grants to charities below:  RNLI (RCN 209603) - £3,951.00  Gardeners Royal Benevolent Society (RCN 1155156) - £3,951.00  Cancer Research UK (RCN 1089464) - £3,951.00  British Red Cross Society (RCN 220949) - £3,951.00  RNIB (RCN 1156629) - £3,951.00

Additional information (optional)

You may choose to include further statements where relevant about: Achievements against Para 1.41 objectives set Performance of fundraising Para 1.41 activities against objectives set Investment performance Para 1.41 against objectives Other

Financial Review

Review of the charity’s financial position at the end of the period	Para 1.21	At the end of the reporting period the charity had free reserves amounting to £13,986 (2024: £3,246). In addition to the free reserves the charity has bank balances of £4,361 (2024: £24,174) and investment assets of £415,457 within the expendable endowment fund.
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	.
Reasons for holding zero reserves	Para 1.22
Details of fund materially in deficit	Para 1.24

Explanation of any Para 1.23 uncertainties about the charity continuing as a going concern

Additional information (optional) You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including any fundraising)	ara 1.47
Investment policy and objectives including any social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46
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.

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Trust Deed dated 6 April 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 power of appointing new Trustees of the Charity shall be vested in the Founder
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
The charity’s organisational structure and any wider network with which the charity works	Para 1.51
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 Limited was paid £3,592 (2024: £2,553) for trust administration and cash management services during the year under review, as authorized by Clause 9 – The Schedule Administrative Provisions.
Other

Reference and Administrative details

Charity name	Philip and Granville Charitable Trust
Other name the charity uses
Registered charity number	1074547
Charity’s principal address	Ludlow Trust Company Limited First Floor Tower Wharf Cheese Lane Bristol BS2 0JJ

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10	Trustee name	Office (if any)	Dates acted if not for whole year	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
	Ludlow Trust Company Limited
	Corporate trustees–names of the directors at the date the report was approved
	GarySt John Collins
	Walter Duncan Coxon
	Ali Reza Sarikhani
	Ziba Christina Sakine Sarikhani
	Christopher Ian Thurlow
	Matthew John Wickers
	John Stephen Dennis			(resigned 25/10/2024)

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 held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)
Type of adviser Name Address
Accountants	Charter Tax Consulting Ltd	8th Floor, 1 Southampton Street, London, WC2R 0LR
Investment Managers	NatWest	2ndFloor, Trinity Quay II, Avon Street, Bristol BS2 2DH
Bankers	NatWest	2ndFloor, Trinity Quay II, Avon Street, Bristol BS2 2DH
Independent Examiners	Geoffrey Frost	Blue Spire Limited, Cawley Priory, South Pallant, Chichester, PO19 1SY

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Chris Thurlow ~~a~~ Position (eg Secretary, On behalf of Ludlow Trust Chair, etc) ~~a~~ Company Limited (Trustee) Date 05 January 2026 ~~|~~

1074547 Philip and Granville Charitable Trust
CC16a Receipts andpayments accounts
06/03/2024 05/03/2025 Period start date Period end date To For the period from
Section A Receipts and payments
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 £
A1 Receipts
Income from investments 10,011 - - 10,011 10,407 Interest received 974 - - 974 671 Sub total(Gross income for AR) 10,985 - - 10,985 11,078 ~~IIa~~
A2 Asset and investment sales, (see table). Sale of investments - - 265,266 265,266 308,508 - - - - - Sub total - - 265,266 265,266 308,508 Total receipts 10,985 - 265,266 276,251 319,586 ~~—_————~~
A3 Payments
Grants awarded 19,755 - - 19,755 20,570 Investment management fees (VAT inculsive) - - 1,911 1,911 1,836 Trust administration fees (VAT inclusive) 3,561 - - 3,561 2,525 Cash management fee 31 - - 31 28 Sub total 23,347 - 1,911 25,258 24,959 ~~ee~~
A4 Asset and investment purchases, (see table) Investmentpurchases - - 260,066 260,066 285,652 - - - - Sub total - - 260,066 260,066 285,652 Total payments 23,347 - 261,977 285,324 310,611 Net of receipts/(payments) - 12,362 - 3,289 - 9,073 8,975 A5 Transfers between funds 23,102 - 23,102 - - A6 Cash funds last year end 3,246 24,174 27,420 18,445 Cash funds this year end 13,986 - 4,361 18,347 27,420 ~~—————~~ ~~===>~~	8,975 - 18,445 27,420

CCXX R1 accounts (SS)

05/01/2026

1

Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period
		Unrestricted Restricted		Endowment
Categories	Details	funds funds		funds
		to nearest £ to nearest £		to nearest £
B1 Cash funds	- - 4,361 13,986 - - - - - 13,986 - 4,361 Total cash funds Capital account Income account ~~—====~~
	(agree balances with receipts and payments	(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	- - - - - - - - - - - - - - - - - - ~~—=_—=~~
	Details	Fund to which asset belongs Cost (optional)		Current value (optional)
B3 Investment assets	Endowment - 415,457 - - - - - - - - Investment portfolio ~~se~~
	Details	Fund to which asset belongs Cost (optional)		Current value (optional)
B4 Assets retained for the charity’s own use	- - - - - - - - - - - - - - - - - - ~~eee~~
		Fund to which Amount due		When due
	Details	liability relates (optional)		(optional)
Signed by one or two trustees on behalf of all the trustees B5 Liabilities CCXX R2 accounts (SS)	- - - - Date of approval Print Name Chris Thurlow on behalf of Ludlow Trust CompanyLimited(Trustee) Signature 2 05/01/2026 05 January 2026 ~~—=~~

CCXX R2 accounts (SS)

Independent Examiner's Report to the Trustees of Philip and Granville Charitable Trust

I report to the charity trustees on my examination of the accounts of the charity for the year ended 05 March 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.

Geoffrey Frost BSc(Hons) FCA Date 05 January 2026 Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY