**----- Start of picture text -----**
||||||||||
|---|---|---|---|---|---|---|---|---|
|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|
**----- End of picture text -----**
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.|||
|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.|||
|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|||
|Contribution made by
volunteers
Para 1.38|||
|Other|||
## **Achievements and Performance**
**----- Start of picture text -----**
SORP reference
**----- End of picture text -----**
|**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:
**----- Start of picture text -----**
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
**----- End of picture text -----**
## **Financial Review**
**----- Start of picture text -----**
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
**----- End of picture text -----**
## **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|||
|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**
|**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|||
|How is the charity
constituted?
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 the trustees from
time to time.|
## **Additional information (optional)**
You may choose to include further statements where relevant about:
**----- Start of picture text -----**
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
**----- End of picture text -----**
## **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**
**----- Start of picture text -----**
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
**----- End of picture text -----**
## – 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)**
**----- Start of picture text -----**
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
**----- End of picture text -----**
## **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**
**----- Start of picture text -----**
Signature(s)
Full name(s) Connor Bunney on behalf of
Ludlow Trust Company
(Southampton) Limited
Position (eg Secretary,
Chair, etc)
Date
**----- End of picture text -----**
**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
You can verify that this is a genuine Portal document by uploading it to the following secure web page:
**http://tcgroup.accountantspace.co.uk/messages/VerifyDocument**
**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
- 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.
**----- Start of picture text -----**
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
**----- End of picture text -----**
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**