## **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