2025-10-10-accounts

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Trustees’ Annual Report for the period

From 11 October 2024 To 10 October 2025

Charity name: The Thomas Moffitt Clark Charitable Trust Charity registration number: 1123591

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The Deed of the Settlement authorizes the trustees to apply the income or capital 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. The trustees will take into account the Letter of Wishes which requests that consideration be given to benefit the following charities: Guide Dogs for the Blind Great Ormond Street Hospital RSPB National Trust Sight Savers International World Cancer Research Fund Friends of the Lake District Eden Valley Hospice Orton & District Public Hall
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 totalling £116,150 to the following charities: • World Cancer Research Fund • Royal Commonwealth Society for Blind • Friends of the Lake District • Eden Valley Hospice • Orton and District Public Hall • Guide Dogs for the Blind Association • Great Ormond Strett Hospital Children’s Charity • RSPB • National Trust
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 £17,488 (2024: £24,057) and investments valued at £1,204,482 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 £1,385 (2024: £55,363).
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 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 (trust deed, royal charter)	Para 1.25	Trust deed dated 10 October 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 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 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 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 £6,907 (2024: £11,323) for trust administration services 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	The Thomas Moffitt Clark Charitable Trust
Other name the charity uses	N/A
Registered charity number	1123591
Charity’s principal address	Ludlow Trust Compnay Ltd 1stFloor, Tower Wharf Cheese Lane, Bristol BS2 0JJ

Names of the charity trustees who manage the charity

Trustee name Office (if any) Dates acted if not for whole year Name of person (or body) entitled to appoint trustee (if any) 1 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)	Trustee name	Office (if any)
	Ludlow Trust CompanyLimited
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

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 N/A 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
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)

Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)
Type of adviser Name Address
Investment Managers	NatWest	2ndFloor, Trinity Quay II, Avon Street, Bristol BS2 2DH
Bankers	NatWest	2ndFloor, Trinity Quay II, Avon Street, Bristol BS2 2DH
Accountants	Charter Tax Consulting Limited	8th Floor, 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)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

N/A

Other optional information

OO

Declarations

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

Signed on behalf of the charity’s trustees Signature(s) —SCdSSSSSCSCS~S~S ~~[rit~~ Full name(s) Christopher Thurlow Position (eg Secretary, On behalf of Ludlow Trust Company Chair, etc) ~~—ee~~ Limited (Trustee) Date 27 March 2026 ~~PF~~

11.10.2024 10.10.2025 1123591 The Thomas Moffitt Clark Charitable Trust Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee~~	11.10.2024 10.10.2025 1123591 The Thomas Moffitt Clark Charitable Trust Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee~~	11.10.2024 10.10.2025 1123591 The Thomas Moffitt Clark Charitable Trust Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee~~	11.10.2024 10.10.2025 1123591 The Thomas Moffitt Clark Charitable Trust Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee~~	11.10.2024 10.10.2025 1123591 The Thomas Moffitt Clark Charitable Trust Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee~~	11.10.2024 10.10.2025 1123591 The Thomas Moffitt Clark Charitable Trust Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee~~	11.10.2024 10.10.2025 1123591 The Thomas Moffitt Clark Charitable Trust Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee~~	CC16a ~~-~~
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	24,026	-	-	-	24	24,026	31,555
Interest received	2,096	-	-	-	2	2,096	2,255
	-	-	-	-	-	-	-
	-	-	-	-	-	-	-
	-	-	-	-	-	-	-
	-	-	-	-	-	-	-
	-	-	-	-	-	-	-
	-	-	-	-	-	-	-
*Sub total*(Gross income for AR)	(Gross income for AR) 26,122	-	-	-	26,122	26,122	33,810
A2 Asset and investment sales, (see table). Sale of investments - - 461,287 461,287 1,059,445 - - - - - Sub total - - 461,287 461,287 1,059,445 *Total receipts* 26,122 - 461,287 487,409 1,093,255 ~~—————~~
A3 Payments
Grants awarded	116,150	-	-	-	116	116,150	-
Investment manager fees (Including VAT)
	-	-	5	5,501	5	5,501	5,191
Trust Administration fees (including VAT)
	6,834	-	-	-	6	6,834	11,243
Independent Examiners fees	600	-	-	-	600	600	780
Cash management fees	73	-	-	-	73	73	80
Fee for obtaining probate	-	-	-	-	-	-	2
	-	-	-	-	-	-	-
	-	-	-	-	-	-	-
	-	-	-	-	-	-	-
**Sub total **	123,657	-	5,501	5,501	129,158	129,158	17,296
A4 Asset and investment purchases, (see table) Investmentpurchases - - 418,798 418,798 1,026,217 - - - Sub total - - 418,798 418,798 1,026,217 *Total payments* 123,657 - 424,299 547,956 1,043,513 *Net of receipts/(payments)* - 97,535 - 36,988 - 60,547 49,742 A5 Transfers between funds 43,557 - 43,557 - - A6 Cash funds last year end 55,363 24,057 79,420 29,678 *Cash funds this year end* 1,385 - 17,488 18,873 79,420 ~~S555~~ ~~SS]~~ ~~=~~

CCXX R1 accounts (SS)

26/03/2026

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	- - 17,488 1,385 - - - - - 1,385 - 17,488 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 - 1,204,482 - - - - - - - - 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 26/03/2026 27 March 2026 ~~a~~

Independent Examiner's Report to the Trustees of The Thomas Moffitt Clark Charitable Trust

I report to the charity trustees on my examination of the accounts of the charity for the year ended 10 October 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.

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

Date

27 March 2026