## **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 **----- Start of picture text -----**
|||||| |---|---|---|---|---| |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| **----- End of picture text -----**
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