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← The Nicka Vassiliou Charitable Trust

2025-09-17-accounts

Trustees’ Annual Report for the period

From 6 April 2024 To 17 September 2025

Charity name: The Nicka Vassiliou Charitable Trust Charity registration number: 1089248

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
including program related
investment		 Para 1.38
Contribution made by
volunteers		 Para 1.38
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 no grants to charities.

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
set		 Para 1.41
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 £24,400 (2024:
£20,722)
and
investments
valued
at
£1,919,921
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 £127,280 (2024:
£64,699).
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 A description of the principal Para 1.46 risks facing the charity

Expendable endowment funds are those which are required to be invested to produce Other 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.
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 any expenses in the year
under review.
HSBC UK Bank Plc was paid £10,196 for
trust administration during the year under
review. These fees are authorised under
clause 6 of the trust deed.
Ludlow Trust Company (Southampton Ltd)
was paid £4,802 for trust administration
during the year under review. These fees
are authorised under clause 6 of the trust
deed.
Other

Reference and Administrative details

Charity name The Nicka Vassiliou Charitable Trust
Other name the charity uses None
Registered charity number 1089248
Charity’s principal address Ludlow Trust Co (Southampton) Ltd
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 (if
any)
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
Limited		 8th Floor, 1 Southampton St, London
WC2R 0LR
Independent Examiner Katie Wilson Blue Spire Limited, Cawley Priory, South
Pallant, Chichester, PO19 1SY

Name of chief executive or names of senior staff members (Optional information)

~~OO~~

Exemptions from disclosure

Reason for non-disclosure of key personnel details

~~PT~~ Other optional information

~~PT~~

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) Limited ~~—r~~ (Trustee) ~~e—~~ Date ~~pO~~ 26 March 2026

1089248
The Nicka 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
77,038
-
-
77,038
49,963
Interest received
4,137
-
-
4,137
-
-
-
-
-
-
-
-
-
-
-
Sub total(Gross income for
AR)81,175
-
-
81,175
49,963
~~=== ==~~
A2 Asset and investment sales,
(see table).
Sale of investments
-
-
1,131,612
1,131,612
715,207
-
-
-
-
-
~~Sub total~~-
-
1,131,612
1,131,612
715,207
Total receipts
81,175
-
1,131,612
1,212,787
765,170
~~=———~~
A3 Payments
Grants awarded
-
-
-
53,464
Investment Manager Fees
-
-
13,064
13,064
9,029
Trust administration fees
14,998
-
-
14,998
-
Independent Examiners fees
2,795
-
-
2,795
2,712
Other Allocated Costs
-
-
-
-
10,085
-
-
-
-
-
-
-
-
-
-
Sub total 17,793
-
13,064
30,857
75,290
~~=—=====~~
A4 Asset and investment
purchases, (see table)
Investmentpurchases
-
-
1,115,671
1,115,671
716,311
-
-
-
-
Sub total -
-
1,115,671
1,115,671
716,311
Total payments
17,793
-
1,128,735
1,146,528
791,601
~~==——~~
Net of receipts/(payments)
63,382
-
2,877
66,259
- 26,431
A5 Transfers between funds
- 801
801
-
-
A6 Cash funds last year end
64,699
20,722
85,421
111,852
Cash funds this year end
127,280
-
24,400
151,680
85,421
~~==>—>=~~

CCXX R1 accounts (SS)

25/03/2026

1

Section B Statement of assets and liabilities at the end of the period

Unrestricted
Restricted
Endowment
Categories funds
funds
funds
Details
to nearest £
to nearest £
to nearest £
B1 Cash funds -
-
24,400
127,280
-
-
-
-
-
127,280
-
24,400
Capital account
Income account
Total cash funds
~~===~~
(agree balances with receipts and payments
OK
OK
OK
account(s))
Unrestricted
Restricted
Endowment
funds
funds
funds
to nearest £
to nearest £
to nearest £
Details
B2 Other monetary assets -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
~~=——===~~
Fund to which
asset belongs
Cost (optional)
Current value
(optional)
Details
B3 Investment assets Endowment
-
1,919,921
-
-
-
-
-
-
-
-
Investment portfolio
~~===~~
B4 Assets retained for the
charity’s own use		 Fund to which
asset belongs
Cost (optional)
Current value
(optional)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Details
~~==555~~
Fund to which
Amount due
When due
B5 Liabilities liability relates
(optional)
(optional)
-
-
-
-
Details
~~===~~
Signed by one or two trustees on
behalf of all the trustees		 Date of
approval
Print Name
Connor Bunney on behalf of Ludlow
Trust Company (Southampton) Limited
(Trustee)
Signature
26 March 2026
~~i~~

CCXX R2 accounts (SS)

25/03/2026

2

Independent Examiner's Report to the Trustees of The Nicka 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.

Katie Wilson FCA Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY

26 March 2026 Date