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← Rosemary Constance Reeve Angel Charitable Trust

2025-08-16-accounts

Trustees’ Annual Report for the period

From 17 August 2024 To 16 August 2025

Charity name: Rosemary Constance Reeve Angel Charitable Trust Charity registration number: 111387

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
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 grants to the following charities
totalling £134,952.
•
Age UK
•
Shelter
•
NSPCC
•
Friends Of The Earth
•
Barnardo’s
•
London Wildlife Trust

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 In addition to the free reserves the charity
has bank balances of £95,103 (2024:
£23,879)
and
investments
valued
at
£2,681,949 (2024: £2,644,614) 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 £70,911 (2024:
£123,701).
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 February 2006
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 February 2006
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 any expenses in the year
under review.
Ludlow Trust Company was paid £14,841
(2024: £19,375) for trust administration and
cash management charges during the year
under review. These fees are authorised
under clause 13 of the trust deed.
Other

Reference and Administrative details

Charity name Rosemary Constance Reeve Angel Charitable Trust
Other name the charity uses None
Registered charity number 1113877
Charity’s principal address Ludlow Trust Co Ltd, Tower Wharf, Cheese Lane, BRISTOL,
BS2 0JJ

Names of the charity trustees who manage the charity

1
2
3		 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
CompanyLimited
Corporate trustees– names of the directors at the date the report was approved
Director name
GarySt John Collins
Walter Duncan Coxon
Ali Reza Sarikhani
Ziba Christina Sakine
Sarikhani
Christopher Ian Thurlow
Matthew John Wickers
John Stephen Dennis
(Resigned 25/10/2024)		 Office (if any) Office (if any) Dates acted if not for whole
year		 Dates acted if not for whole
year		 Name of person (or body) entitled
to appoint trustee (if any)
report was approved
Director name
GarySt John Collins
Walter Duncan Coxon
Ali Reza Sarikhani
Ziba Christina Sakine
Sarikhani
Christopher Ian Thurlow
Matthew John Wickers
John Stephen Dennis (Resigned 25/10/2024)

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 NatWest 2nd Floor, Trinity Quay II, Avon Street,
PO Box 3138, BRISTOL, BS2 2DH
Bankers NatWest 2nd Floor, Trinity Quay II, Avon Street,
PO Box 3138, BRISTOL, BS2 2DH
Accountants Charter Tax Consulting
Limited		 8th Floor, 1 Southampton Street, London
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)

~~Ce~~

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. on behalf of the charity’s trustees Signature(s) ~~ee~~ Full name(s) Chris Thurlow Position (eg Secretary, On behalf of Ludlow Trust Chair, etc) ~~—a~~ Company Ltd (Trustee) Date 13 March 2026 ~~|~~

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

CC16a
17/08/2024
16/08/2025
1113877
Rosemary Constance Reeve Angel Charitable Trust
Receipts andpayments accounts
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
52,399
-
-
52,399
105,856
Interest received
4,774
-
-
4,774
5,306
-
-
-
-
-
-
-
-
-
-
Sub total(Gross income for
AR)
57,173
-
-
57,173
111,162
~~=== =>~~
A2 Asset and investment sales,
(see table).
Sale of investments
-
-
1,036,039
1,036,039
2,936,674
-
-
-
-
-
Sub total -
-
1,036,039
1,036,039
2,936,674
Total receipts
57,173
-
1,036,039
1,093,212
3,047,836
~~————~~
A3 Payments
Grants Awarded
134,952
-
-
134,952
-
Investment Manager Fees
-
-
12,518
12,518
17,546
Trust Administration Fees
14,679
-
-
14,679
19,215
Cash Management Charges
162
-
-
162
160
Accountancy
600
-
-
600
-
Independant Examination Fee
180
-
-
180
780
-
-
-
-
-
Sub total 150,573
-
12,518
163,091
37,701
~~=—=====~~
A4 Asset and investment
purchases, (see table)
Investmentpurchases
-
-
911,687
911,687
2,949,494
-
-
-
-
Sub total -
-
911,687
911,687
2,949,494
Total payments
150,573
-
924,205
1,074,777
2,987,195
Net of receipts/(payments)
- 93,399
-
111,834
18,434
60,641
A5 Transfers between funds
40,609
- 40,609
-
-
A6 Cash funds last year end
123,701
23,879
147,580
86,939
Cash funds this year end
70,911
-
95,103
166,014
147,580
~~——SS55=~~
~~===>>=>~~

CCXX R1 accounts (SS)

12/03/2026

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 -
-
95,103
70,911
-
-
-
-
-
70,911
-
95,103
Total cash funds
Capital account
Income account
~~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
-
2,681,949
-
-
-
-
-
-
-
-
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		 Signature Print Name Date of
approval
Chris Thurlow on behalf of Ludlow 13 March 2026
Trust CompanyLtd(Trustee)

Signed by one or two trustees on behalf of all the trustees

CCXX R2 accounts (SS)

12/03/2026

2

Independent Examiner's Report to the Trustees of Rosemary Constance Reeve Angel Charitable Trust

I report to the charity trustees on my examination of the accounts of the charity for the year ended 16 August 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 13 March 2026 Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY