## **Trustees’ Annual Report for the period**
**From 03 August 2024 To 02 August 2025**
**Charity name: The Lidbury Family Trust Charity registration number: 1078511**
## **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.|
|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 trustee provide grants.|
|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
trustee has had regard to the Charity
Commission’s guidance on public benefit.|
1
## **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, nine grants
amounting to £101,217 were made to the
following:
-
Arthritis UK £1,197
-
The British Diabetic Association £1,197
-
The
Guide
Dogs
for
The
Blind
Association £1,197
-
Cancer Research UK £1,197
-
Edington Priory Church £1,197
-
The Royal National Lifeboat Institution
£23,808
-
The National Trust for Places of Historic
Interest or Natural Beauty £23,808
-
British Heart Foundation £23,808
-
The Parochial Church Council of The
Ecclesiastical Parish of Yatton Moor
£23,808|
2
**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
3
## **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 of £88,577 (2024:
£87,494).
In addition to the free reserves the charity
has bank balances of £59,466 (2024:
£104,802) and investments valued at
£3,752,304
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 Trustee pursues 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|£88,577|
|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)** You may choose to include further statements where relevant about:
The charity’s principal Para 1.47 sources of funds (including any fundraising) Investment policy and Para 1.46 objectives including any social investment policy adopted
4
|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.
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|Trust deed dated 2 August 1999 as
amended by resolution 9 April 2020|
|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|Trustees are appointed by deed by the
settlor and subsequent trustees.|
5
## **Additional information (optional)**
|**Additional information (optional)**|**Additional information (optional)**|**Additional information (optional)**|
|---|---|---|
|Youmay choose toincludefurtherstatementswhererelevant 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
£18,769
(2024:
£18,222)
for
trust
administration
services
and
cash
management services during the year under
review. These fees are authorised under
clause 14 of the trust deed.|
|Other|||
6
## **Reference and Administrative details**
|Charity name|The Lidbury Family Trust|
|---|---|
|Other name the charity uses|None|
|Registered charity number|1078511|
|Charity’s principal address|Trustees Department
1stFloor, Tower Wharf
Cheese Lane, Bristol
BS2 0JJ|
**Names of the charity trustees who manage the charity**
|1
2
3|**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
CompanyLimited|Corporate
trustee|||
||||||
||||||
– Corporate trustees names of the directors at the date the report was approved
**Director name** Alexander Edward Mulroe Walter Duncan Coxon Ali Reza Sarikhani Ziba Christina Skine Sarikhani Christopher Ian Thurlow Matthew John Wickers
Name of trustees holding title to property belonging to the charity
|**Trustee name**|**Dates acted if not for whole year**||
|---|---|---|
|N/A|||
||||
||||
||||
||||
||||
7
## **Funds held as custodian trustees on behalf of others**
|Description of the assets
held in this capacity|N/A|
|---|---|
|Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects|N/A|
|Details of arrangements for
safe custody and
segregation of such assets
from the charity’s own assets|N/A|
## **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**|||
|**Investment Manager**|NatWest Plc|2ndFloor, Trinity Quay II, Avon Street,
Bristol BS2 2DH|
|**Banker**|NatWest Plc|2ndFloor, Trinity Quay II, Avon Street,
Bristol BS2 2DH|
|**Independent Examiner**|James O’Rourke|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
N/A
## **Other optional information**
8
## **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)** Monica Brown **Position (eg Secretary,** On behalf of Ludlow Trust **Chair, etc)** Company Limited (Trustee) **Date** ~~[ee]~~ 21 April 2026
9
|**CC16a**
03.08.2024
02.08.2025
**1078511**
**The Lidbury Family Trust**
**Receipts andpayments accounts**
Period start date
Period end date
**To**
**For the period**
**from**
~~ee ee ee ee-~~|**CC16a**
03.08.2024
02.08.2025
**1078511**
**The Lidbury Family Trust**
**Receipts andpayments accounts**
Period start date
Period end date
**To**
**For the period**
**from**
~~ee ee ee ee-~~|**CC16a**
03.08.2024
02.08.2025
**1078511**
**The Lidbury Family Trust**
**Receipts andpayments accounts**
Period start date
Period end date
**To**
**For the period**
**from**
~~ee ee ee ee-~~|**CC16a**
03.08.2024
02.08.2025
**1078511**
**The Lidbury Family Trust**
**Receipts andpayments accounts**
Period start date
Period end date
**To**
**For the period**
**from**
~~ee ee ee ee-~~|**CC16a**
03.08.2024
02.08.2025
**1078511**
**The Lidbury Family Trust**
**Receipts andpayments accounts**
Period start date
Period end date
**To**
**For the period**
**from**
~~ee ee ee ee-~~|**CC16a**
03.08.2024
02.08.2025
**1078511**
**The Lidbury Family Trust**
**Receipts andpayments accounts**
Period start date
Period end date
**To**
**For the period**
**from**
~~ee ee ee ee-~~|**CC16a**
03.08.2024
02.08.2025
**1078511**
**The Lidbury Family Trust**
**Receipts andpayments accounts**
Period start date
Period end date
**To**
**For the period**
**from**
~~ee ee ee ee-~~|**CC16a**
03.08.2024
02.08.2025
**1078511**
**The Lidbury Family Trust**
**Receipts andpayments accounts**
Period start date
Period end date
**To**
**For the period**
**from**
~~ee ee ee ee-~~|**CC16a**
03.08.2024
02.08.2025
**1078511**
**The Lidbury Family Trust**
**Receipts andpayments accounts**
Period start date
Period end date
**To**
**For the period**
**from**
~~ee ee ee ee-~~|**CC16a**
03.08.2024
02.08.2025
**1078511**
**The Lidbury Family Trust**
**Receipts andpayments accounts**
Period start date
Period end date
**To**
**For the period**
**from**
~~ee ee ee ee-~~||
|---|---|---|---|---|---|---|---|---|---|---|
|**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|**71,849**||**-**||**-**||**71,849**||**99,741**||
|Interest received|**8,161**||**-**||**-**||**8,161**||**7,477**||
||**-**||**-**||**-**||**-**||**-**||
||**-**||**-**||**-**||**-**||**-**||
||**-**||**-**||**-**||**-**||**-**||
||**-**||**-**||**-**||**-**||**-**||
||**-**||**-**||**-**||**-**||**-**||
||**-**||**-**||**-**||**-**||**-**||
|**_Sub total_**_(Gross income for_
_AR)_|_(Gross income for_
_AR)_
**80,010**||**-**||**-**||**80,010**||**107,218**||
|**A2 Asset and investment sales,**
**(see table).**
Sale of investments
**-**
**-**
**1,213,499**
**1,213,499**
**3,715,049**
**-**
**-**
**-**
**-**
**-**
**_Sub total_ -**
**-**
**1,213,499**
**1,213,499**
**3,715,049**
**_Total receipts_**
**80,010**
**-**
**1,213,499**
**1,293,509**
**3,822,267**
~~——_———~~|||||||||||
|**A3 Payments**|||||||||||
|Grants awarded|**101,217**||**-**||**-**||**101,217**||**176,140**||
|Investment manager fees (including VAT)|**-**||**-**||**17,141**||**17,141**||**16,499**||
|Trust administration fees (including VAT)|**18,476**||**-**||**-**||**18,476**||**17,980**||
|Independent Examiners fees|**-**||**-**||**-**||**-**||**780**||
|Cash management fee|**293**||**-**||**-**||**293**||**242**||
|Auditor's fees|**2,100**||**-**||**-**||**2,100**||**-**||
||**-**||**-**||**-**||**-**||**-**||
||**-**||**-**||**-**||**-**||**-**||
||**-**||**-**||**-**||**-**||**-**||
|**_Sub total_ **|**122,086**||**-**||**17,141**||**139,227**||**211,641**||
|**A4 Asset and investment**
**purchases, (see table)**
Investmentpurchases
**-**
**-**
**1,198,535**
**1,198,535**
**3,513,607**
**-**
**-**
**-**
**-**
**-**
**_Sub total_ -**
**-**
**1,198,535**
**1,198,535**
**3,513,607**
**_Total payments_**
**122,086**
**-**
**1,215,676**
**1,337,762**
**3,725,248**
~~—————~~|||||||||||
|**_Net of receipts/(payments)_**
**(42,076)**
**-**
**(2,177)**
**(44,253)**
**97,019**
**A5 Transfers between funds**
**43,159**
**-**
**(43,159)**
**-**
**-**
**A6 Cash funds last year end**
**87,494**
**-**
**104,802**
**192,296**
**95,277**
**_Cash funds this year end_**
**88,577**
**-**
**59,466**
**148,043**
**192,296**
~~SS]=~~|||||||||||
CCXX R10 accounts (SS)
21/04/2026
10
## **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**|**-**
**-**
**59,466**
**88,577**
**-**
**-**
**-**
**-**
**-**
**88,577**
**-**
**59,466**
Capital account
Income account
**_Total cash funds_**
~~—====~~|||||
||(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**
**-**
**3,752,304**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
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 R11 accounts (SS)|**-**
**-**
**-**
**-**
Date of
approval
Print Name
Monica Brown on behalf of Ludlow
Trust CompanyLimited(Trustee)
Signature
11
21/04/2026
21 April 2026
~~—=~~|||||
## **Independent Examiner's Report to the Trustees of The Lidbury Family Trust**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 02 August 2025 which are set out on pages 10 to 11.
## **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.
James O’Rourke FCA Date 21 April 2026 Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY
12