Trustees’ Annual Report for the period
From 01 February 2024 to 31 January 2025
Charity name: Harry Austin Will Trust Charity registration number: 1093204
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 direction think fit. The Trustees will take into account the Will and divide income equally between the Guide Dogs for the Blind Association and The British Kidney Patient Association. |
| 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 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 two awards totalling £24,368.00. Guide Dogs For The Blind Association - £12,184.00 British Kidney Patient Association - £12,184.00 |
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
Financial Review
| 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 £19,102 (2024: £18,590). In addition to the free reserves the charity has bank balances of £10,387 (2024: £4,855) and investments valued at £1,029,440 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 | |
| Reasons for holding zero reserves |
Para 1.22 | |
| Details of fund materially in deficit |
Para 1.24 | |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 |
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
| 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 | Will trust dated 10 June 1992 |
| 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 existing trustees. |
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. Ludlow Trust Company Limited was paid £8,356 (Trust admin + cash management) for trust administration services during the year under review. These fees are authorised under clause 6C of the trust deed. |
| Other |
Reference and Administrative details
| Charity name | Harry Austin Will Trust |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1093204 |
| Charity’s principal address | Trustees Department 1st Floor, Tower Wharf Cheese Lane, Bristol BS2 0JJ |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Ludlow Trust CompanyLimited |
||||
Corporate trustees – names of the directors at the date the report was approved
| Director name | ||
|---|---|---|
| Gary St John Collins | ||
| Duncan Walter Coxon | ||
| Ali Reza Sarikhani | ||
| Christopher Ian Thurlow | ||
| Matthew John Wickers | ||
| Ziba Christina Sakine Sarikhani |
||
| John Stephen Dennis | (resigned 24/10/24) |
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)
| Type of adviser | Name | Address |
|---|---|---|
| Investment Managers | Natwest | 2ndFloor, Trinity Quay II, Avon Street, PO Box 3138, Bristol, BS2 2DH |
| Bankers | Natwest | 2ndFloor, Trinity Quay II, Avon Street, PO Box 3138, Bristol, BS2 2DH |
| Accountants | Charter Tax Consulting Ltd |
8th Floor, 1 Southampton Street, London, WC2R 0LR |
| Independent Examiner | Geoffrey Frost | 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
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) Chris Thurlow ~~a~~ Position (eg Secretary, On behalf of Ludlow Trust Chair, etc) ~~a~~ Company Ltd (Trustee)
Date 25 November 2025 ~~|~~
| CC16a 01.02.2024 31.01.2025 1093204 Harry Austin Will Trust Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee ee-~~ |
CC16a 01.02.2024 31.01.2025 1093204 Harry Austin Will Trust Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee ee-~~ |
CC16a 01.02.2024 31.01.2025 1093204 Harry Austin Will Trust Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee ee-~~ |
CC16a 01.02.2024 31.01.2025 1093204 Harry Austin Will Trust Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee ee-~~ |
CC16a 01.02.2024 31.01.2025 1093204 Harry Austin Will Trust Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee ee-~~ |
CC16a 01.02.2024 31.01.2025 1093204 Harry Austin Will Trust Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee ee-~~ |
CC16a 01.02.2024 31.01.2025 1093204 Harry Austin Will Trust Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee ee-~~ |
CC16a 01.02.2024 31.01.2025 1093204 Harry Austin Will Trust Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee ee-~~ |
CC16a 01.02.2024 31.01.2025 1093204 Harry Austin Will Trust Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee ee-~~ |
CC16a 01.02.2024 31.01.2025 1093204 Harry Austin Will Trust Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee ee-~~ |
CC16a 01.02.2024 31.01.2025 1093204 Harry Austin Will 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 | 24,198 | - | - | - | 24,198 | 24,422 | |||||
| Interest received | 1,175 | - | - | - | 1,175 | 713 | |||||
| - | - | - | - | - | - | ||||||
| - | - | - | - | - | - | ||||||
| - | - | - | - | - | - | ||||||
| - | - | - | - | - | - | ||||||
| - | - | - | - | - | - | ||||||
| - | - | - | - | - | - | ||||||
| Sub total(Gross income for AR) |
(Gross income for AR) 25,373 |
- | - | - | 25,373 | 25,135 | |||||
| A2 Asset and investment sales, (see table). Sale of investments - - 856,244 856,244 455,616 - - - - - Sub total - - 856,244 856,244 455,616 Total receipts 25,373 - 856,244 881,617 480,751 ~~——_————~~ |
|||||||||||
| A3 Payments | |||||||||||
| Grants awarded | 24,368 | - | - | - | 24,368 | 20,786 | |||||
| Investment manager and admin fees | - | - | - | 5,551 | 5,551 | 3,330 | |||||
| Trust administration fees | 8,327 | - | - | - | 8,327 | 5,763 | |||||
| Cash management fees | 29 | - | - | - | 29 | 17 | |||||
| - | - | - | - | - | - | ||||||
| - | - | - | - | - | - | ||||||
| - | - | - | - | - | - | ||||||
| - | - | - | - | - | - | ||||||
| **Sub total ** | 32,724 | - | - | 5,551 | 38,275 | 29,896 | |||||
| A4 Asset and investment purchases, (see table) Investmentpurchases - - 837,298 837,298 465,670 - - - - Sub total - - 837,298 837,298 465,670 Total payments 32,724 - 842,849 875,573 495,566 Net of receipts/(payments) - 7,351 - 13,395 6,044 - 14,815 A5 Transfers between funds 7,863 - 7,863 - - A6 Cash funds last year end 18,590 - 4,855 23,445 38,260 Cash funds this year end 19,102 - 10,387 29,489 23,445 ~~—————~~ ~~SS35554~~ |
CCXX R1 accounts (SS)
25/11/2025
1
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 | - - 10,387 19,102 - - - - - 19,102 - 10,387 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 - 1,029,440 - - - - - - - - Investment portfolio ~~——=—~~ |
|||||
| Details | Fund to which asset belongs Cost (optional) |
Current value (optional) |
||||
| B4 Assets retained for the charity’s own use |
- - - - - - - - - - - - - - - - - - ~~qa~~ |
|||||
| 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 R2 accounts (SS) |
- - - - Date of approval Print Name Chris Thurlow on behalf of Ludlow Trust CompanyLimited(Trustee) Signature 2 25/11/2025 25 November 2025 ~~an~~ |
Independent Examiner's Report to the Trustees of Harry Austin Will Trust
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 January 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:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
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.
Geoffrey Frost BSc(Hons) FCA Date Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY
25 November 2025