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The Ian Keith and Sylvia Keith Charitable Trust 1132712
Receipts and payments accounts CC16a
For the period Period start date Period end date
To
from 10.09.24 09.09.25
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 46,794 - - 46,794 61,115
Interest 9,234 - - 9,234 10,249
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total (Gross income for
56,028 - 56,028 71,364
AR)
A2 Asset and investment sales,
(see table).
Sale of investments - - 619,884 619,884 2,158,118
- - - - -
Sub total - - 619,884 619,884 2,158,118
Total receipts 56,028 - 619,884 675,912 2,229,482
A3 Payments
Grants awarded 53,565 - - 53,565 103,673
Investment manager fees (VAT inclusive)
- 10,829 10,829 10,018
Trust administration fees (VAT inclusive)
13,785 - 13,785 13,305
Accounts preparation 600 600 600
Independent Examiners fees 180 - - 180 180
Bank charges - - - - 1
Cash management fees 361 - - 361 396
- - - - -
- - - - -
- - - - -
Sub total [ 68,491 ] - 10,829 79,320 128,173
A4 Asset and investment
purchases, (see table)
Investment purchases - - 610,303 610,303 2,148,725
- - - -
Sub total [ - ] - 610,303 610,303 2,148,725
Total payments 68,491 - 621,132 689,623 2,276,898
Net of receipts/(payments) - 12,463 - 1,248 - 13,711 - 47,416
A5 Transfers between funds 12,792 - 12,792 - -
A6 Cash funds last year end 128 204,434 204,562 251,978
Cash funds this year end 457 - 190,394 190,851 204,562
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CCXX R1 accounts (SS)
01/05/2026
1
| Section B Statement of assets and liabilities at | 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 B4 Assets retained for the charity’s own use B5 Liabilities B3 Investment assets |
Signature Per electronic approval Details Details Capital account Income account Details Details Total cash funds (agree balances with receipts and payments account(s)) Details Investment portfolio |
Unrestricted funds Restricted funds to nearest £ to nearest £ - - 457 - - - 457 - 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 £ 190,394 - - |
| 190,394 | |||
| OK | |||
| Endowment funds to nearest £ - - - - - - Current value (optional) 2,418,867 - - - - Current value (optional) - - - - - - - - - When due (optional) Date of approval Per electronic approval |
CCXX R2 accounts (SS)
01/05/2026
2
Trustees’ Annual Report for the period
From 10 September 2024 To 09 September 2025
Charity name: The Ian Keith and Sylvia Keith Charitable Trust Charity registration number: 1132712
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 charity 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 in such manner as the Trustees may in their absolute discretion think fit. |
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| 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 in accordance with the letter of wishes. |
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| 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) Youmay choose toincludefurtherstatementswhererelevant about: |
Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant about: |
Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant about: |
|---|---|---|
| SORP reference | ||
| Policy on grant making Para 1.38 |
||
| Policy on social investment including program related investment Para 1.38 |
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| Contribution made by volunteers Para 1.38 |
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| 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 grants totalling £53,565 were made to 7 organisations. |
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set Para 1.41 |
Achievements against objectives set Para 1.41 |
Achievements against objectives set Para 1.41 |
|---|---|---|
| Performance of fundraising activities against objectives set Para 1.41 |
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| Investment performance against objectives Para 1.41 |
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| Other |
Financial Review
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Review of the charity’s Para 1.21 At the end of the reporting period the charity
financial position at the end had free reserves of £457 (2024: £128).
of the period
In addition to the free reserves the charity
has bank balances of £190,394 (2024:
£204,434) as well as £2,418,867 held as
investments within the endowment fund.
Statement explaining the Para 1.22 The Trustees pursue a policy of maintaining
policy for holding reserves a free reserve available to be spent in the
furtherance of the charity’s objectives as
stating why they are held
well as covering future needs, opportunities,
contingencies and risks.
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 sources of funds (including any fundraising) Para 1.47 Investment policy and objectives including any social investment policy Para 1.46 adopted
Para 1.46 A description of the principal risks facing the charity Expendable endowment funds are those which are required to be invested to produce Other 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: |
Description of charity’s trusts: |
Description of charity’s trusts: |
|---|---|---|
| Type of governing document (trust deed, royal charter) Para 1.25 Trust Deed dated 10 September 2009 |
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| How is the charity constituted? (e.g unincorporated association, CIO) Para 1.25 Trust deed |
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| 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 settlor during their lifetime and by the trustees from time to time. |
Additional information (optional)
You may choose to include further statements where relevant about:
| Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant about: |
Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant about: |
Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant about: |
|---|---|---|
| Policies and procedures adopted for the induction and training of trustees Para 1.51 |
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| The charity’s organisational structure and any wider network with which the charity works Para 1.51 |
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| Relationship with any related parties Para 1.51 No trustee received any remuneration nor reimbursed any expenses in the year under review. During the year Ludlow Trust Company were paid fees for trust administration services of £13,785 and cash management fees of £361. |
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| Other |
Reference and Administrative details
| Reference and Administrative details | Reference and Administrative details |
|---|---|
| Charity name The Ian Keith and Sylvia Keith Charitable Trust |
|
| Other name the charity uses | |
| Registered charity number 1132712 |
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| Charity’s principal address | Ludlow Trust Co Ltd 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)
LUDLOW TRUST CO
1
LTD
2
3
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 Walter Coxon Alexander Mulroe Ali Sarikhani Ziba Sarikhani Chris Thurlow Matthew Wickers
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
Bankers
Accountants
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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
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Per electronic approval Full name(s) Chris Thurlow on behalf of Ludlow Trust Company Limited Position (eg Secretary, Director Chair, etc) Date Per electronic approval
Document Activity Report
Document Sent Wed, 06 May 2026 14:04:45 GMT Document Approval Status Approved Approval Activity Summary Chris Thurlow Approved Fri, 08 May 2026 11:02:43 GMT Document Activity History Document history shows most recent activity first Date Activity Fri, 08 May 2026 11:02:41 GMT Chris Thurlow viewed the document
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Independent examiner's report on the accounts
Section A Independent Examiner’s Report
| Report to the trustees/ members of On accounts for the period ended Set out on pages |
Charity Name The Ian Keith and Sylvia Keith Charitable Trust |
|---|---|
| 9thSeptember 2025 Charity no (if any) 1132712 |
|
| Financial statements page 1 - 2 Trustee report page 3 - 11 (remember to include the page numbers of additional sheets) |
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the period ended 09/09/2025.
- Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed 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 which gives me cause to believe that in, any material respect:
-
accounting records were not kept in accordance with section 130 of the Act or
-
the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Date: 11/05/26 Signed: Name: Ian Rodd Relevant professional BSc FCA FCCA qualification(s) or body (if any): Address: TC Group Waverley House115-119 Holdenhurst Rd, Bournemouth BH8 8DY
1
IER
Section B Disclosure
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
n/a
2
IER