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← Pauline Meredith Charitable Trust

2024-06-11-accounts

Pauline Meredith Charitable Trust Pauline Meredith Charitable Trust Pauline Meredith Charitable Trust 1139585 1139585
Receipts andpayments accounts CC16a
For the period
from
~~ee~~		 12.03.2023
Period start date		 11.06.2024
Period end date
To
~~e~~
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 58,418 - - 58,418 37,083
Interest received 30,983 - - 30,983 794
Rental income(net) 6,031 - - 6,031 19,076
- - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total(Gross income for
AR)		 (Gross income for
AR)
95,432		 - - 95,432 56,953
A2 Asset and investment sales,
(see table).
Sale of investments
-
-
2,733,174
2,733,174
1,308,150
Sale ofproperty
-
-
389,531
389,531
-
Sub total -
-
3,122,705
3,122,705
1,308,150
Total receipts
95,432
-
3,122,705
3,218,137
1,365,103
~~S555~~
A3 Payments
Grants awarded 98,534 - - 98,534 60,000
Investment manager fees (Including VAT)
- - 8,292 8,292 9,110
Trust Administration fees (including VAT)
16,738 - - 16,738 21,483
Independent Examiners fees 780 - - 780 780
Propertylegal fees 5,428 - - 5,428 2,716
Propertyvaluation fee - - - - 1,170
Virtual custodyfees 3,600 - - 3,600 -
Cash management fee 398 - - 398 -
- - - - -
**Sub total ** 125,478 - 8,292 133,770 95,259
A4 Asset and investment
purchases, (see table)
Investmentpurchases
-
-
3,042,549
3,042,549
1,258,954
-
-
-
Sub total -
-
3,042,549
3,042,549
1,258,954
Total payments
125,478
-
3,050,841
3,176,319
1,354,213
~~——————~~
Net of receipts/(payments)
- 30,046
-
71,864
41,818
10,890
A5 Transfers between funds
48,623
- 48,623
-
-
A6 Cash funds last year end
56,368
73,180
129,548
118,658
Cash funds this year end
74,945
-
96,421
171,366
129,548
~~===>>~~

CCXX R1 accounts (SS)

19/02/2025

1

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
B4 Assets retained for the
charity’s own use
B5 Liabilities
B3 Investment assets		 Signature
Details
Details
Capital account
Income account
Details
Details
Total cash funds
(agree balances with receipts and payments
account(s))
Details
Investment portfolio
Chris Thurlow (Feb 20, 2025 20:21 GMT)		 Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
-
-
74,945
-
-
-
74,945
-
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 CompanyLimited		 Endowment
funds
to nearest £
96,421
-
-
96,421
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
2,302,203
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
Date of
approval
Chris Thurlow (Feb 20 2025 20:21 GMT) Chris Thurlow on behalf of Ludlow
Trust CompanyLimited
,

CCXX R2 accounts (SS)

19/02/2025

2

Trustees’ Annual Report for the period

From 12 March 2023 To 11 June 2024

Charity name: Pauline Meredith Charitable Trust Charity registration number: 1139585

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 The Trustees shall apply the income of the
charity and all or such part or parts of the
capital, they think fit for or towards such
charitable purposes as the trustees 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 furthering the objects it is requested in
the Will that the trustees consider
donations to the following charities:
Barnados
Swan Lifeline
Windsor Hospice
The Woodland Trust
Hydestile Animal Hospital
The People’s Dispensary for Sick Animals
Greenpeace Environmental Trust
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
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 one grant of £98,534 to The Good
Things Foundation.

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

Review of the charity’s
financial position at the end
of the period		 Para 1.21 At the end of the reporting period the charity
had free reserves of £74,945 (2023:
£56,368).
In addition to the free reserves the charity
has bank balances of £96,421 (2023:
£73,180)
and
investments
valued
at
£2,302,203
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
Reasons for holding zero
reserves		 Para 1.22
Details of fund materially in
deficit		 Para 1.24
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23

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 The investment property was disposed of
during the year for £389,531 and the funds
invested in the existing investment
portfolio.
Investment policy and
objectives including any

social investment policy Para 1.46 adopted A description of the principal risks facing the charity Para 1.46 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:
Type of governing document
(trust deed, royal charter)		 Para 1.25 Trust deed dated 13 December 2010
arising from a Will dated 23 January 2003.
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 topost or name of		 Para 1.25 Trustees are appointed by the existing
trustees.

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 Limited was paid
£16,738 for trust administration services
during the year under review. These fees
are authorised under clause 14 of the trust
deed.
Other

Reference and Administrative details

Charity name Pauline Meredith Charitable Trust
Other name the charity uses
Registered charity number 1139585
Charity’s principal address Trustees Department
1stFloor, Tower Wharf
Cheese Lane, Bristol
BS2 0JJ

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19		 Trustee name Office (if any) Dates acted if not for whole
**year **		 Name of person (or body) entitled
to appoint trustee (ifany)
Ludlow Trust
CompanyLimited

20

– Corporate trustees names of the directors at the date the report was approved Director name

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

Funds held as custodian trustees on behalf of others

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 Coutts & Co 440 The Strand, London, WC2R 0QS
Bankers Coutts & Co 440 The Strand, London, WC2R 0QS
Accountants KJF Accounting Limited 17 Sheringham Avenue, Southgate,
London, N14 4UB

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) Chris Thurlow (Feb 20, 2025 20:21 GMT) Full name(s) Chris Thurlow On behalf of Ludlow Trust Company Limited Position (eg Secretary, Chair, etc) Date

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examinerfs Report Report to the trusteesl members of Pauline Meredith Charitable Trust On accounts for the year ended 11th March 2024 Charity no (if any) 1139585 Set out on pages 1to2 [re￿i￿[￿￿e[ lo In- J¢*ge nurn)be￿ ol addilioiial 5hee:,si I report to the trustees on my examination of the accounts of the above charity ("the Trust") for the year ended 11th March 2024. 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 carying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5){b) of the Act. 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 Independent examiner's statement 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. Signed: Date: )7-cfL-2 Name: Mr Keith Felton Relevant professional qualification{s) or body (if any): ACCA Address: KJF Accounting Ltd, 17 Sheringham Avenue, Southgate, London N14 4UB 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). IER October 2018

Give here brief details of any Items that the examiner wishes to disclose. IER October 2018

2025-02-20Meredith-Accounts

Final Audit Report

2025-02-20

Created: 2025-02-20 By: Estera Rzepus (Estera.Rzepus@ludlowtrust.com) Status: Signed Transaction ID: CBJCHBCAABAA8Obo3_2Du-9jwBfEYL_J74teipbiZxCd

"2025-02-20Meredith-Accounts" History

2025-02-20 - 4:45:31 PM GMT

Document emailed to Chris Thurlow (chris.thurlow@ludlowtrust.com) for signature 2025-02-20 - 4:45:35 PM GMT

Agreement completed.

2025-02-20 - 8:21:55 PM GMT