## **Trustees’ Annual Report for the period**
## **From 01 January 2024 To 31 December 2024**
## **Charity name: The HSWJ Trust Charity registration number: 1121839**
## **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
The objects of the Trust are to further such
objects or purposes which are exclusively
charitable according to the law of England
and Wales in any part of the world and I
such a manner 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|||
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|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.|
**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**
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SORP reference
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|**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 grant awards totalling £121,727 to
the charities below:
-
4 payments to The Outward Bound
Trust totalling £48,250
-
Bowel Cancer UK £15,000
-
Cancer research UK £3,727
-
The Princes Trust £20,000
-
University of Bath re David Craton
Sch £18,000
-
Science Creates Outreach £10,000
-
Holy Trinity Westbury On Trym
£1,000
-
The William Wates Memorial Trust
£750
-
Avon Wildlife Trust £5,000|
|**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:|
|---|---|---|
|Achievements against
objectives set
Para 1.41|||
|Performance of fundraising
activities against objectives
set
Para 1.41|||
|Investment performance
against objectives|Para 1.41||
## **Financial Review**
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Review of the charity’s Para 1.21 At the end of the reporting period the
financial position at the end charity had reserves of £4,631 (2023:
of the period £2,075).
In addition to the free reserves the charity
has bank balances of £25,914 (2023:
£21,207) and investments valued at
£602,492 within the endowment fund.
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.
Statement explaining the Para 1.22
policy for holding reserves
stating why they are held
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
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**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|social investment policy
adopted|social investment policy
adopted|
|---|---|---|
|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
(trust deed, royal charter)
Para 1.25
Trust deed dated 15 November 2007|||
|How is the charity
constituted?
(e.g unincorporated
association, CIO)
Para 1.25
Trust|||
|Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or bodyentitled|Para 1.25|Trustees are appointed by the settlors, or
survivors of them, during their lifetimes and
subject to this by the trustees.|
to appoint one or more trustees
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Additional information (optional)
You may choose to include further statements where relevant about:
Policies and procedures Para 1.51
adopted for the induction
and training of trustees
The charity’s organisational Para 1.51
structure and any wider
network with which the
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 Limited was paid
£5,633 (2023: £6,445) for trust
administration services during the year
under review. These fees are authorized
under clause 6 of the trust deed.
Other
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## **Reference and Administrative details**
|**Reference and Administrative details**|**Reference and Administrative details**|
|---|---|
|Charity name
The HSWJ Trust||
|Other name the charity uses||
|Registered charity number
1121839||
|Charity’s principal address|Trustees Department
1stFloor, Tower Wharf
Cheese Lane, Bristol
BS2 0JJ|
**Names of the charity trustees who manage the charity**
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Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 Jonathan P M Craton
2 Caroline L E Craton
Ludlow Trust Company
3
Limited
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
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–
Corporate trustees names of the directors at the date the report was approved
Director name
Gary St 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
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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)**
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Type of adviser Name Address
Investment Managers Coutts & Co 440 The Strand, London, WC2R 0QS
Bankers Coutts & Co 440 The Strand, London, WC2R 0QS
Accountants Charter Tax Consulting 8th Floor, 1 Southampton Street, London
Limited WC2R 0LR
Independent examiner Geoffrey Frost Blue Spire Limited, Cawley Priory, South
Pallant, Chichester, PO19 1SY
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## **Name of chief executive or names of senior staff members (Optional information)**
## **Exemptions from disclosure**
## Reason for non-disclosure of key personnel details ~~SC~~ **Other optional information** ~~ee~~ **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)** David Breach **Position (eg Secretary,** On behalf of Ludlow Trust Company **Chair, etc)** Limited (Trustee)
**Date** 29 October 2025
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||||||||||
|---|---|---|---|---|---|---|---|---|
|The HSWJ Trust|1121839|
|Receipts and payments accounts|CC16a|
|For the period|Period start date|Period end date|
|To|
|from|01.01.2024|31.12.2024|
|a|||
|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|
|Investment income|9,162|-|-|9,162|11,531|
|Interest|1,108|-|-|1,108|521|
|Opening balance adjustment|-|-|-|-|-|
|-|-|-|-|-|
|-|-|-|-|-|
|-|-|-|-|-|
|-|-|-|-|-|
|-|-|-|-|-|
|Sub total|(Gross income for|
|AR)|[ 10,270 ]|-|-|10,270|12,052|
|A2 Asset and investment sales,|
|(see table).|
|Sale of investments|-|-|246,890|246,890|173,630|
|-|-|-|-|-|
|Sub total|-|-|246,890|246,890|173,630|
|Total receipts|10,270|-|246,890|257,160|185,682|
|_——|—_|—|
|A3 Payments|
|Grants awarded|121,727|-|-|121,727|100,750|
|Investment manager and admin fees|-|-|1,765|1,765|2,138|
|Trust administration fees|5,591|-|-|5,591|6,423|
|Cash management fees|42|-|-|42|22|
|Independent Examiners fees|-|-|-|-|600|
|-|-|-|-|-|
|-|-|-|-|-|
|-|-|-|-|-|
|-|-|-|-|-|
|Sub total|[ 127,360 ]|-|1,765|129,125|109,933|
|A4 Asset and investment|
|purchases, (see table)|
|Investment purchases|-|-|120,772|120,772|83,386|
|Forex loss|-|-|-|-|-|
|Sub total|[ - ]|-|120,772|120,772|83,386|
|Total payments|_——|127,360|-|122,537|——|249,897|—|193,319|
|Net of receipts/(payments)|- 117,090|124,353|7,263|- 7,637|
|A5 Transfers between funds|119,646|- - 119,646|-|-|
|A6 Cash funds last year end|2,075|- 21,207|23,282|30,919|
|Cash funds this year end|4,631|-|25,914|30,545|23,282|
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CCXX R1 accounts (SS)
29/10/2025
1
**Section B Statement of assets and liabilities at the end of the period**
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||||||
|---|---|---|---|---|
|Unrestricted|Restricted|Endowment|
|Categories|Details|funds|funds|funds|
|to nearest £|to nearest £|to nearest £|
|B1 Cash funds|Capital account|-|-|25,914|
|Income account|
|4,631|-|-|
|-|-|-|
|Total cash funds|4,631|-|25,914|
|Se|
|(agree balances with receipts and payments|
|account(s))|OK|OK|OK|
|5|
|Unrestricted|Restricted|Endowment|
|funds|funds|funds|
|Details|to nearest £|to nearest £|to nearest £|
|B2 Other monetary assets|-|-|-|
|-|-|-|
|-|-|-|
|-|-|-|
|-|-|-|
|-|-|-|
|—_—|
|Fund to which|Current value|
|Details|asset belongs|Cost (optional)|(optional)|
|B3 Investment assets|Investment portfolio|Endowment|-|602,492|
|-|-|
|-|-|
|-|-|
|-|-|
|=|S=|
|Fund to which|Current value|
|Details|asset belongs|Cost (optional)|(optional)|
|B4 Assets retained for the|-|-|
|charity’s own use|-|-|
|-|-|
|-|-|
|-|-|
|-|-|
|-|-|
|-|-|
|-|-|
|a|
|Fund to which|Amount due|When due|
|Details|liability relates|(optional)|(optional)|
|B5 Liabilities|
|-|
|-|
|-|
|-|
|Signed by one or two trustees on|Date of|
|behalf of all the trustees|Signature|Print Name|approval|
|David Breach on behalf of Ludlow Trust|
|29 October 2025|
|Company Ltd|
|—|
|2|29/10/2025|
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CCXX R2 accounts (SS)
29/10/2025
## **Independent Examiner's Report to the Trustees of The HSWJ Trust**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2024.
## **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.
Geoffrey Frost BSc(Hons) FCA Date 29 October 2025
Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY