## **Trustees' Annual Report for the period**
Period start date Period end date Day Month Year Day Month Year **From** 17 December 2023 **To** 16 December 2024
## Section A Reference and administration details
**Charity name** The Ivatt and Pamela Smith Charitable Trust
**Other names charity is known by Registered charity number (if any)** 1129253 **Charity's principal address** Trustee Department 1[st] Floor, Tower Wharf Cheese Lane, Bristol **Postcode** BS2 0JJ
**Names of the charity trustees who manage the charity**
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3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
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19|**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||||
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March **2012**
**TAR**
1
## – 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
## **Names of the trustees for the charity, if any, (for example, any custodian trustees)**
**Name Dates acted if not for whole year**
## **Names and addresses of advisers (Optional information)**
**Type of adviser Name Address**
## **Name of chief executive or names of senior staff members (Optional information)**
## **Section B Structure, governance and management**
## **Description of the charity’s trusts**
Type of governing document
Trust deed dated 16 December 2008
- (eg. trust deed, constitution)
How the charity is constituted
Trust
- (eg. trust, association, company)
Trustees are appointed by the existing trustees. Trustee selection methods
- (eg. appointed by, elected by)
## **Additional governance issues (Optional information)**
You **may choose** to include additional information, where relevant, about:
- policies and procedures adopted for the induction and training of trustees;
- the charity’s organisational structure and any wider network with which the charity works;
- relationship with any related parties;
- trustees’ consideration of
March **2012**
**TAR**
2
major risks and the system and procedures to manage them.
## **Section C Objectives and activities**
The Trustees shall hold the capital and income of the Trust Fund upon trust to apply the income and all or such part or parts of the capital at such time or times and in such 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. Provided that the Trustees may in their absolute discretion for the period of twenty-one years from the date of this Deed instead of applying the income of the Charity in any year accumulate all or any part of such income at **Summary of the objects of the** compound interest by investing the same and the resulting income in any **charity set out in its** of authorised investments and hold the same as an accretion to and as **governing document** part of the capital of the Charity without prejudice to the right of the Trustees to apply the whole or any part of such accumulated income in any subsequent year as if the same were income of the Charity arising in the then current year. The Trustees will take into account the Letter of Wishes which requests that consideration be given to benefit the following charities: St Clements Church, Leigh on Sea; St Augustine’s Church, Thorpe Bay; Christ Church Thorpe Bay and Thorpe Bay Methodist Church.
March **2012**
**TAR**
3
In furtherance of the charity’s objects for the public benefit the trustees provides grants in accordance with the letter of wishes. In determining the charity’s activities the trustees have had regard to the Charity Commission’s guidance on public benefit.
**Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)**
**Additional details of objectives and activities (Optional information)**
You **may choose** to include further statements, where relevant, about:
- policy on grantmaking;
- policy programme related investment;
- contribution made by volunteers.
March **2012**
**TAR**
4
Section D Achievements and performance
**Summary of the main** During the year under review the charity did not make any grants. **achievements of the charity during the year**
March **2012**
**TAR**
5
## **Section E Financial review**
At the end of the reporting period the charity had free reserves amounting to £26,043 (2023: £8,473).
**Brief statement of the** to £26,043 (2023: £8,473). **charity’s policy on reserves** In addition to the free reserves the charity has bank balances £57,657 (2023 deficit: £4,843) and investment assets of £630,881 within the expendable 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.
## **Details of any funds materially**
**in deficit**
## **Further financial review details (Optional information)**
You **may choose** to include additional information, where relevant about:
- the charity’s principal sources of funds (including any fundraising);
- how expenditure has supported the key objectives of the charity;
- investment policy and objectives including any ethical investment policy adopted.
## **Section F Other optional information**
## **Section G Declaration**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
**Signature(s) Full name(s)**[Chris Thurlow ] **Position (eg Secretary, Chair,** On behalf of Ludlow Trust **etc)** Company Limited **Date** 16/10/2025
March **2012**
**TAR**
6
|**Charity Name**
**The Ivatt and Pamela Smith Charitable Trust**|**Charity Name**
**The Ivatt and Pamela Smith Charitable Trust**|**Charity Name**
**The Ivatt and Pamela Smith Charitable Trust**|**No (if any)**
**1129253**|
|---|---|---|---|
|**Receipts andpayments accounts**||||
|**For the period**
**from**|Period start date
17 December 2023|**To**|Period end date
16 December 2024|
## **CC16a**
**For the period** Period start date Period end date **To from** 17 December 2023 16 December 2024
## **Section A Receipts and payments**
|**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest £**
**14,496**
**3,859**
**-**
**-**
**-**
**-**
**-**
**-**
**18,355**
**-**
**-**
**-**
**18,355**
**-**
**-**
**4,438**
**122**
**-**
**-**
**-**
**-**
**-**
**4,560**
**-**
**-**
**-**
**4,560**
**13,795**
**3,775**
**8,473**
**26,043**|**Restricted funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Endowment**
**funds**
**to the nearest £**
**-**
**-**
**215**
**-**
**-**
**-**
**-**
**-**
**215**
**1,560,255**
**-**
**1,560,255**
**1,560,470**
**-**
**2,708**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**2,708**
**1,491,487**
**-**
**1,491,487**
**1,494,195**
**66,275**
**(3,775)**
**(4,843)**
**57,657**|**Total funds**
**to the nearest £**
**14,496**
**3,859**
**215**
**-**
**-**
**-**
**-**
**-**
**18,570**
**1,560,255**
**-**
**1,560,255**
**1,578,825**
**-**
**2,708**
**4,438**
**122**
**-**
**-**
**-**
**-**
**-**
**7,268**
**1,491,487**
**-**
**1,491,487**
**1,498,755**
**80,070**|**Total funds**
**to the nearest £**
**14,496**
**3,859**
**215**
**-**
**-**
**-**
**-**
**-**
**18,570**
**1,560,255**
**-**
**1,560,255**
**1,578,825**
**-**
**2,708**
**4,438**
**122**
**-**
**-**
**-**
**-**
**-**
**7,268**
**1,491,487**
**-**
**1,491,487**
**1,498,755**
**80,070**|**Last year**
**to the nearest £**|
|---|---|---|---|---|---|---|
|Income from investments|**14,496**|||||**16,244**|
|Income from bank interest|**3,859**|||||**967**|
|Forex|**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
|**_Sub total_**_(Gross income for_
_AR)_|**18,355**|||||**17,211**|
||||||||
|**A2 Asset and investment sales,**
**(see table).**|||||||
|Sale of investments|**-**|||||**304,987**|
||**-**|||||**-**|
|**_Sub total_**|**-**|||||**304,987**|
|**_Total receipts_ **
**A3 Payments**|||||||
|||||||**322,198**|
||||||||
|Grants awarded|**-**|||||**41,020**|
|Investment management fees + VAT|**-**|||||**2,927**|
|Trust administrative fees + VAT|**4,438**|||||**3,359**|
|Cash management fees|**122**|||||**44**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
|**_Sub total_ **|**4,560**|||||**47,350**|
||||||||
|**A4 Asset and investment**
**purchases, (see table)**|||||||
|Investmentpurchases|**-**|||||**302,077**|
||**-**|||||**-**|
|**_Sub total_ **|**-**|||||**302,077**|
|**_Total payments_ **
**_Net of receipts/(payments)_ **
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_ **|||||||
|||||||**349,427**|
||||||||
||**13,795**|**-**|**66,275**|**80,070**||**(27,229)**|
||**3,775**|**-**|**(3,775)**|**-**||**-**|
||**8,473**|**-**|**(4,843)**|**3,630**||**30,859**|
||**26,043**|**-**|**57,657**|**83,700**||**3,630**|
CCXX R6 accounts (SS)
6
|**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**||
|---|---|---|---|
|**Categories**
Signed by one or two trustees on
behalf of all the trustees
**B1 Cash funds**
**B2 Other monetary assets**
**B3 Investment assets**
**B4 Assets retained for the**
**charity’s own use**
**B5 Liabilities**|(agree balances with receipts and payments
account(s))
**Details**
Capital account
Income account
**_Total cash funds_**
**Details**
**Details**
Investment portfolio
**Details**
**Details**
Signature|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**26,043**
**-**
**-**
**26,043**
**-**
OK
OK
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
Endowment
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
**-**
**-**
**-**
**-**
**-**
Print Name
Chris Thurlow
On behalf of Ludlow Trust Company
Limited|**Endowment**
**funds**
**to nearest £**|
||||**57,657**|
||||**-**|
||||**-**|
||||**57,657**|
||||OK|
||||**Endowment**
**funds**
**to nearest £**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**Current value**
**(optional)**|
||||**630,881**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**Current value**
**(optional)**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**When due**
**(optional)**|
|||||
|||||
|||||
|||||
|||||
||||Date of
approval|
|||Chris Thurlow
On behalf of Ludlow Trust Company
Limited|16/10/2025|
CCXX R7 accounts (SS)
7
## **Section C Notes to the Accounts**
**C1 Nature and purpose of funds** _(may be_ Expendable endowment funds are those which are required to be invested to produce income but which may be _stated on analysis of funds worksheets)_ 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. **C2 Grants to institutions Recipient - 1 grant unless annotated £** - **C3 Related party transactions** No trustee received any remuneration nor reimbiursed any expenses in the year under review. During the year under review Ludlow Trust Company Limited, a trustee of the charity, were paid fees for the provision of administration service amounting to £4,438 (2023: £3,359) and cash management service amounting to £122 (2023: £44) as authorised under clause 13 of the trust deed.
CCXX R8 accounts (SS)
8
## **Independent Examiner's Report to the Trustees of The Ivatt and Pamela Smith Charitable Trust**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 16 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 16/10/2025 Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY
10