Trustees’ Annual Report for the period
From 12 March 2024 To 11 June 2025
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: Barnardo’s 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 Para 1.38 including program related investment Contribution made by Para 1.38 volunteers 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 a grant of £30,407 to each of the following charities: - Barnardo’s - The Woodland Trust - Thames Hospice - Swan Lifeline |
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 £7,593 (2024: £96,421) and investments valued at £2,332,013 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 £123,095 (2024: £74,945). |
| 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 objectives including any social investment policy adopted |
Para 1.46 | |
|---|---|---|
| A description of the principal risks facing the charity |
Para 1.46 | |
| 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 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 to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Trustees are appointed by the existing trustees. |
| 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: |
|---|---|---|
| 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 £13,981 (2024: £17,136) for trust administration services and cash management fees during the year under review. These fees are authorised under clause 6 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 |
Trustee name | 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 (ifany) |
|---|---|---|---|---|---|---|
| Ludlow Trust CompanyLimited |
||||||
| 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 25/10/24) |
||||||
| 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 25/10/24) |
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 | Coutts & Co | 440 The Strand, London, WC2R 0QS |
| Bankers | Coutts & Co | 440 The Strand, London, WC2R 0QS |
| Accountants | Charter Tax Consulting Ltd |
8th Floor, 1 Southampton St, London WC2R 0LR |
| Independent Examiner | Katie Wilson | Blue Spire Limited, Cawley Priory, South Pallant, Chichester, PO19 1SY |
Name of chief executive or names of senior staff members (Optional information)
~~PC~~
Exemptions from disclosure
Reason for non-disclosure of key personnel details
~~PT~~ Other optional information
~~OO~~
Declarations
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, On behalf of Ludlow Trust Chair, etc) ~~—a~~ Company Limited (Trustee) ~~—~~ Date 06 March 2026 ~~pO~~
Pauline Meredith Charitable Trust 1139585 Receipts and payments accounts CC16a For the period Period start date Period end date To from 12.06.2024 11.06.2025 ~~ee ee ee~~ 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 £ | to the nearest £ | |||||
| A1 Receipts | ||||||||||
| Income from investments | 95,414 | - | - | 95,414 | 58,418 | |||||
| Interest received | 5,932 | - | - | 5,932 | 30,983 | |||||
| Rental income(net) | - | - | - | - | 6,031 | |||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| Sub total(Gross income for | (Gross income for | |||||||||
| AR) | AR)101,346 | - | - | 101,346 | 95,432 | |||||
| A2 Asset and investment sales, (see table). Sale of investments - - - 2,733,174 Sale ofproperty - - - 389,531 ~~Sub total~~- - - - 3,122,705 Total receipts 101,346 - - 101,346 3,218,137 ~~——————~~ |
||||||||||
| A3 Payments | ||||||||||
| Grants awarded | 121,628 | - | - | 121,628 | 98,534 | |||||
| Investment manager fees(IncludingVAT) | - | - | 5,635 | 5,635 | 8,292 | |||||
| Trust Administration fees(includingVAT) | 13,751 | - | - | 13,751 | 16,738 | |||||
| Independent Examiners fees | 180 | - | - | 180 | 780 | |||||
| Propertylegal fees | - | - | - | 5,428 | ||||||
| Accountant fees | 600 | - | - | 600 | - | |||||
| Virtual custodyfees | - | - | - | 3,600 | ||||||
| Cash management fee | 230 | - | - | 230 | 398 | |||||
| - | - | - | - | - | ||||||
| **Sub total ** | 136,389 | - | 5,635 | 142,024 | 133,770 | |||||
| A4 Asset and investment purchases, (see table) Investmentpurchases - - - 3,042,549 - - - Sub total - - - - 3,042,549 Total payments 136,389 - 5,635 142,024 3,176,319 ~~—————~~ |
||||||||||
| Net of receipts/(payments) - 35,043 - - 5,635 - 40,678 41,818 A5 Transfers between funds 83,193 - 83,193 - - A6 Cash funds last year end 74,945 96,421 171,366 129,548 Cash funds this year end 123,095 - 7,593 130,688 171,366 ~~SS]5554~~ |
CCXX R1 accounts (SS)
06/03/2026
1
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 | - - 7,593 123,095 - - - - - 123,095 - 7,593 Capital account Income account Total cash funds ~~See=~~ |
|||||
| (agree balances with receipts and payments | (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 | - - - - - - - - - - - - - - - - - - ~~—__~~ |
|||||
| B3 Investment assets | Fund to which asset belongs Cost (optional) Current value (optional) Endowment - 2,332,013 - - - - - - - - Details Investment portfolio ~~===>~~ |
|||||
| B4 Assets retained for the charity’s own use |
Fund to which asset belongs Cost (optional) Current value (optional) - - - - - - - - - - - - - - - - - - Details ~~a~~ |
|||||
| Fund to which Amount due |
When due | |||||
| Signed by one or two trustees on behalf of all the trustees B5 Liabilities CCXX R2 accounts (SS) |
liability relates (optional) (optional) - - - - Date of approval Print Name Chris Thurlow on behalf of Ludlow Trust CompanyLimited(Trustee) Signature Details 2 06/03/2026 06 March 2026 ~~—~~ |
Independent Examiner's Report to the Trustees of Pauline Meredith Charitable Trust
I report to the charity trustees on my examination of the accounts of the charity for the year ended 11 June 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:
- 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 Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY
Date
06 March 2026