2025-09-17-accounts

Trustees’ Annual Report for the period

From 06 April 2024 To 17 September 2025

Charity name: The Jeannine Vassiliou Charitable Trust Charity registration number: 1089247

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.
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	Para 1.20	During the year under review the charity
achievements of the charity,		made zero grants.
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.

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

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	In addition to the free reserves the charity has bank balances of £35,886 (2024: £31,263) and investments valued at £2,787,349 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 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	At the end of the reporting period the charity had free reserves of £184,421 (2024: £93,735).
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:	Additional information (optional) You may choose to include further statements where relevant about:	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
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
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.

Structure, Governance	Structure, Governance	and Management	and Management
	Description of charity’s
	trusts:
	Type of governing document	Para 1.25	Trust deed dated 17 September 2001
	How is the charity	Para 1.25	Trust
	constituted?
	Trustee selection methods	Para 1.25	Trustees are appointed by the trustees from
	including details of any		time to time.
	constitutional provisions e.g.
	election to post or name of
	any person or body entitled
	to appoint one or more
	trustees

Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:	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 for any expenses in the year under review. Ludlow Trust Company Ltd was paid £6,973 for trust administration fees during the year under review. These fees are authorised under clause 6 of the trust deed. HSBC UK Bank PLC was paid £33,766 for trust administration and investment management fees during the year under review. These fees are authorised under clause 6 of the trust deed. These fees are authorised under clause 6 of the trust deed.
Other

Reference and Administrative details

Charity name	The Jeannine Vassiliou Charitable Trust
Other name the charity uses	None
Registered charity number	1089247
Charity’s principal address	Ludlow Trust Co (Southampton) Limited, Yarmouth House, 1300 Parkway, Solent Business Park, Whiteley, PO15 7AX

Names of the charity trustees who manage the charity

1 2 3 4	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
	Ludlow Trust Company (Southampton) Limited		01/03/2025
	Nika Tassa Vassiliou
	Jeannine Georgia Elpis Vassiliou
	Ione Maria Vassiliou

– 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	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) 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 Independent Examiner James O’Rourke 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) Connor Bunney Position (eg Secretary, On behalf of Ludlow Trust Chair, etc) Company (Southampton) Ltd (Trustee) Date 27 March 2026 ~~——~~

1089247 The Jeannine Vassiliou Charitable Trust
CC16a Receipts andpayments accounts
06/04/2024 17/09/2025 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 111,813 - - 111,813 71,798 Interest Received 5,857 - - 5,857 - - - - - - Sub total(Gross income for AR) 117,670 - - 117,670 71,798 ~~SSS~~
A2 Asset and investment sales, (see table). Sale Of Investments - - 1,641,724 1,641,724 1,037,307 - - - - - Sub total - - 1,641,724 1,641,724 1,037,307 Total receipts 117,670 - 1,641,724 1,759,394 1,109,105 ~~———————~~
A3 Payments Grants Awarded - - - - 35,256 Investment Manager Fees - - 18,966 18,966 13,100 Trust Administration Fees 21,774 - - 21,774 - Independent Examiners Fees 3,000 - - 3,000 2,904 Other Allocated Costs - - - - 14,633 - - - - - Sub total 24,774 - 18,966 43,739 65,893 A4 Asset and investment purchases, (see table) Investment Purchases - - 1,620,346 1,620,346 1,039,273 - - - - Sub total - - 1,620,346 1,620,346 1,039,273 Total payments 24,774 - 1,639,312 1,664,085 1,105,166 Net of receipts/(payments) 92,896 - 2,413 95,309 3,939 A5 Transfers between funds - 2,210 2,210 - - A6 Cash funds last year end 93,735 31,263 124,998 121,059 Cash funds this year end 184,421 - 35,886 220,307 124,998 ~~——= ====~~ ~~——————~~ ~~=====>~~

CCXX R1 accounts (SS)

26/03/2026

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	- - 35,886 184,421 - - - - - 184,421 - 35,886 Capital Account Income Account Total cash funds ~~SEE~~
	(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 - 2,787,349 - - - - - - - - Investment Portfolio ~~=—====~~
	Details	Fund to which asset belongs Cost (optional)		Current value (optional)
B4 Assets retained for the charity’s own use	~~= ~~	- - - - - - - - - - - - - - - - - - ~~===~~
		Fund to which Amount due		When due
	Details	liability relates (optional)		(optional)
B5 Liabilities	- - - - ~~===~~
Signed by one or two trustees on behalf of all the trustees CCXX R2 accounts (SS)	Date of approval Print Name Connor Bunney on behalf of Ludlow Trust Company (Southampton) Limited (Trustee) Signature 2 26/03/2026 27 March 2026 ~~——a~~

Independent Examiner's Report to the Trustees of The Jeannine Vassiliou Charitable Trust

I report to the charity trustees on my examination of the accounts of the charity for the year ended 17 September 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.

James O’Rourke FCA Date 27 March 2026 Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY