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|---|---|---|---|---|---|---|---|---|
|The Ione Vassiliou Charitable Trust|1089246|
|Receipts and payments accounts|CC16a|
|For the period|Period start date|Period end date|
|To|
|from|06/04/2024|17/09/2025|
|Section A Receipts and payments|
|Unrestricted|Restricted|Endowment|
|Total funds|Last year|
|funds|funds|funds|
|to the nearest £|to the nearest £|to the nearest £|to the nearest £|to the nearest £|
|A1 Receipts|
|Income from investments|80,056|-|-|80,056|51,418|
|Interest received|4,235|-|-|4,235|-|
|-|-|-|-|-|
|-|-|-|-|-|
|Sub total|(Gross income for|
|84,291|-|-|84,291|51,418|
|===|AR)|
|A2 Asset and investment sales,|
|(see table).|
|Sale of investments|-|-|1,175,911|1,175,911|743,038|
|-|-|-|-|-|
|Sub total|-|-|1,175,911|1,175,911|743,038|
|—————|Total receipts|84,291|-|1,175,911|—|1,260,202|—|794,456|
|A3 Payments|
|Grants awarded|-|-|-|24,153|
|Investment Manager Fees|-|-|13,575|13,575|9,382|
|Trust administration fees|15,585|-|-|15,585|-|
|Independent Examiners fees|3,000|-|-|3,000|2,712|
|Other Allocated Costs|-|-|-|-|10,480|
|-|-|-|-|-|
|-|-|-|-|-|
|Sub total|[ 18,585 ]|-|13,575|32,160|46,727|
|—===>>|
|A4 Asset and investment|
|purchases, (see table)|
|Investment purchases|-|-|1,159,434|1,159,434|744,133|
|-|-|-|-|
|Sub total|[ - ]|-|1,159,434|1,159,434|744,133|
|——————|Total payments|18,585|-|1,173,009|—|1,191,594|790,860|—|
|Net of receipts/(payments)|65,706|-|2,902|68,608|3,596|
|A5 Transfers between funds|- 737|737|-|-|
|A6 Cash funds last year end|65,477|21,782|87,259|83,663|
|Cash funds this year end|==|130,446|-|25,421|=>|155,867|87,259|
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CCXX R1 accounts (SS)
14/04/2026
1
Section B Statement of assets and liabilities at the end of the period
| Categories Signed by one or two trustees on behalf of all the trustees B5 Liabilities B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use B1 Cash funds |
Details Investment portfolio Details Details Details Total cash funds (agree balances with receipts and payments account(s)) Details Capital account Income account Signature |
Unrestricted funds Restricted funds to nearest £ to nearest £ - - 130,446 - - - 130,446 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) Endowment - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - Print Name Connor Bunney on behalf of Ludlow Trust Company (Southampton) Ltd |
Endowment funds to nearest £ 25,421 - - |
|---|---|---|---|
| 25,421 | |||
| OK | |||
| Endowment funds to nearest £ - - - - - - Current value (optional) 1,995,030 - - - - Current value (optional) - - - - - - - - - When due (optional) Date of approval |
CCXX R2 accounts (SS)
14/04/2026
2
Trustees’ Annual Report for the period
From 6 April 2024 To 17 September 2025
Charity name: The Ione Vassiliou Charitable Trust Charity registration number: 1089246
Objectives and Activities
| Objectives and Activities | Objectives and Activities | 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. |
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| 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 provide grants. In determining the charity’s activities, the trustees have had regard to the Charity Commission’s guidance on public benefit. |
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| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 |
Additional information (optional)
You may choose to include further statements where relevant about:
| SORP reference | SORP reference | SORP reference |
|---|---|---|
| Policy on grant making Para 1.38 |
||
| Policy on social investment including program related investment Para 1.38 |
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| Contribution made by volunteers Para 1.38 |
||
| Other |
Achievements and Performance
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SORP reference
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| Achievements and Performance | Achievements and Performance | 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 no grants to charities. |
Additional information (optional)
You may choose to include further statements where relevant about:
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Achievements against
objectives set Para 1.41
Performance of fundraising
activities against objectives Para 1.41
set
Investment performance Para 1.41
against objectives
Other
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Financial Review
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Review of the charity’s Para 1.21 At the end of the reporting period the charity
financial position at the end had free reserves of £130,446 (2024:
£65,477).
of the period
In addition to the free reserves the charity
has bank balances of £25,421 (2024:
£21,782) and investments valued at
£1,995,030 within the expendable
endowment fund which can be released to
support the activities of the charity.
Statement explaining the Para 1.22 The Trustees pursue a policy of maintaining
policy for holding reserves a free reserve available to be spent in the
furtherance of the charity’s objectives as
stating why they are held
well as covering future needs, opportunities,
contingencies and risks.
Amount of reserves held Para 1.22
Reasons for holding zero Para 1.22
reserves
Details of fund materially in Para 1.24
deficit
Explanation of any Para 1.23
uncertainties about the
charity continuing as a going
concern
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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 |
The charity’s principal sources of funds (including any fundraising) Para 1.47 |
The charity’s principal sources of funds (including any fundraising) Para 1.47 |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted Para 1.46 |
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| A description of the principal risks facing the charity Para 1.46 |
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| 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
| Structure, Governance and Management | Structure, Governance and Management | Structure, Governance and Management |
|---|---|---|
| Description of charity’s trusts: |
||
| Type of governing document Para 1.25 Trust deed dated 17 September 2001 |
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| How is the charity constituted? Para 1.25 Trust |
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| 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 the trustees from time to time. |
Additional information (optional)
You may choose to include further statements where relevant about:
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Policies and procedures
adopted for the induction Para 1.51
and training of trustees
The charity’s organisational
structure and any wider
network with which the
Para 1.51
charity works
Relationship with any related Para 1.51 No trustee received any remuneration or
parties was reimbursed any expenses in the year
under review.
Ludlow Trust Company (Southampton) Ltd
was paid £4,990 for trust administration fees
during the year under review.
HSBC UK Bank PLC was paid £24,170 for
trust administration and investment
management fees during the year under
review.
These fees are authorised under clause 6 of
the trust deed.
Other
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Reference and Administrative details
| Reference and Administrative details | Reference and Administrative details |
|---|---|
| Charity name The Ione Vassilou Charitable Trust |
|
| Other name the charity uses None |
|
| Registered charity number 1089246 |
|
| Charity’s principal address | Ludlow Trust Co (Southampton) Ltd Yarmouth House 1300 Parkway Solent Business Park Whiteley PO157AX |
Names of the charity trustees who manage the charity
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Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
Ludlow Trust
Company
1
(Southampton)
Limited
2 Nika Tassa Vassiliou
Jeannine Georgia
3
Elpis Vassiliou
4 Ione Maria Vassiliou
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– Corporate trustees names of the directors at the date the report was approved
Director name Gary St John Collins Walter Duncan Coxon 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
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)
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Type of adviser Name Address
Investment Managers HSBC 1 Centenary Square, Birmingham, B1
1HQ
Bankers HSBC 1 Centenary Square, Birmingham, B1
1HQ
Accountants Charter Tax Consulting 8th Floor, 1 Southampton St, London
Limited WC2R 0LR
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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
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Signature(s)
Full name(s) Connor Bunney on behalf of
Ludlow Trust Company
(Southampton) Limited
Position (eg Secretary,
Chair, etc)
Date
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Document Activity Report
Document Sent Fri, 17 Apr 2026 08:35:28 GMT Document Approval Status Approved Approval Activity Summary Connor Bunney Approved Tue, 21 Apr 2026 14:54:39 GMT Document Activity History Document history shows most recent activity first Date Activity Tue, 21 Apr 2026 14:54:36 GMT Connor Bunney viewed the document
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Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ Charity Name The Ione Vassiliou Charitable Trust members of On accounts for the 17[th] September 2025 Charity no 1089246 period ended (if any) Set out on pages Financial statements page 1 - 2 Trustee report page 3 - 10
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the period ended 17/09/2025.
- Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
accounting records were not kept in accordance with section 130 of the Act or
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the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
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Date: 27 April 2026
Signed:
Name: Ian Rodd
Pe
Relevant professional BSc FCA FCCA
qualification(s) or body
(if any):
Address: TC Group
115 – 119 Holdenhurst Road
Bournemouth BH8 8DY
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1
IER
Section B Disclosure
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
n/a
2
IER