2025-05-31-accounts

Trustees’ Annual Report for the period

From 01/06/2024 To 31/05/2025

Charity name: The Bascule Charitable Trust Charity registration number: 1127475

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:	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:
	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 grants to the following charities totalling £109,000.  British Red Cross  Medecins Sans Frontieres  Comic Relief  Reaching Families  Arundel Castle Cricket Foundation  Cancer Research UK

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 £4,442 (2024: £27,242) and investments valued at £456,790 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 £3,376 (2024: £9,744).
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
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	Structure, Governance	and Management	and Management
	Description of charity’s
	trusts:
	Type of governing document	Para 1.25	Trust deed dated 18 June 2008
	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:

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 £4,051 (2024: £3,795) for trust administration and cash management charges during the year under review. These fees are authorised under clause 6 of the trust deed. Christopher Thomas Jay is a trustee of Reaching Families (CN 1150906) and his mother Susan Jay is therefore also conflicted. A grant of £65,000 was paid to ReachingFamilies duringtheperiod.
Other

Reference and Administrative details

Charity name	The Bascule Charitable Trust
Other name the charity uses	None
Registered charity number	1127475
Charity’s principal address	1st Floor, Tower Wharf, Cheese Lane, Bristol, BS2 0JJ

Names of the charity trustees who manage the charity

1 2 3 4	Trustee name Ludlow Trust Company Limited Jane Le Maitre Christopher Thomas Jay Susan Jane Jay	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)
	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)

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	Thesis Unit Trust Management Limited	Exchange Building, Saint Johns Street, Chichester, West Sussex, PO19 1UP
Bankers
Accountants	Charter Tax Consulting Limited	8th Floor, 1 Southampton Street, London WC2R 0LR
Independent examinator	Katie Wilson	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

~~OO~~ Other optional information

~~OO~~

Declarations The trustees declare that they have approved the trustees’ report above. on behalf of the charity’s trustees Signature(s) ~~a~~ Full name(s) Katie Forder Position (eg Secretary, on behalf of Ludlow Trust Chair, etc) ~~aes~~ Company Ltd (Trustee) Date 09 March 2026 ~~—~~

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

Signed on behalf of the charity’s trustees

Section A Receipts and payments CC16a 01/06/2024 31/05/2025 1127475 The Bascule Charitable Trust Receipts andpayments accounts Period start date Period end date To For the period from ~~<<~~
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
Addition From Settlor - - 78,000 78,000 - Gift Aid - - - - 6,250 Income from investments 5,653 - - 5,653 4,257 Interest received 1,010 - - 1,010 3,085 - - - - - Sub total(Gross income for AR) 6,663 - 78,000 84,663 13,592 ~~===~~
A2 Asset and investment sales, (see table). Sale of investments - - - - 417,370 - - - - - Sub total - - - - 417,370 Total receipts 6,663 - 78,000 84,663 430,962 ~~= SSSS5~~
A3 Payments
Grants awarded 109,000 - - 109,000 71,000 Investment Manager Fees - - - - 1,535 Trust administration fees 4,020 - - 4,020 3,642 Cash Management Charges 31 - - 31 153 Independent Examiners fees 180 - - 180 600 AccountancyFee 600 - - 600 - - - - - - Sub total 113,831 - - 113,831 76,930 ~~=—=====~~
A4 Asset and investment purchases, (see table) Investmentpurchases - - - - 409,140 - - - - Sub total - - - - 409,140 Total payments 113,831 - - 113,831 486,070 Net of receipts/(payments) - 107,168 - 78,000 - 29,168 - 55,108 A5 Transfers between funds 100,800 - - 100,800 - - A6 Cash funds last year end 9,744 27,242 36,986 92,094 Cash funds this year end 3,376 - 4,442 7,818 36,986 ~~——————~~ ~~===—=~~

CCXX R1 accounts (SS)

09/03/2026

1

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|||||| |---|---|---|---|---| |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|Capital account|-|-|4,442| |Income account| |3,376|-|-| |-|-|-| |Total cash funds|3,376|-|4,442| |SEE| |(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|-|-|-| |-|-|-| |-|-|-| |-|-|-| |-|-|-| |-|-|-| |===>| |Fund to which|Current value| |Details|asset belongs|Cost (optional)|(optional)| |B3 Investment assets|Investment portfolio|Endowment|-|456,790| |-|-| |-|-| |-|-| |-|-| |=—====| |Fund to which|Current value| |Details|asset belongs|Cost (optional)|(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|Date of| |behalf of all the trustees|Signature|Print Name|approval| |Katie Forder on behalf of Ludlow Trust|09 March 2026| |Company Ltd (Trustee)| |2|09/03/2026|

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

CCXX R2 accounts (SS)

09/03/2026

Independent Examiner's Report to the Trustees of The Bascule Charitable Trust

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 May 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 Date 10 March 2026 Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY