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2024-10-30-accounts

Trustees’ Annual Report for the period

From 31 October 2023 To 30 October 2024

Charity name: The Ashla Charitable Trust Charity registration number: 1140840

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 trust 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 a manner 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:

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 two charities amounting to
£30,000 (2023 - £160,000).

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 £30,970 (2023:
£10,262).
In addition to the free reserves the charity
has bank balances of £53,459 (2023:
£29,031)
and
investments
valued
at
£2,640,945
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 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 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 9 March 2011
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 bodyentitled		 Para 1.25 Trustees are appointed by the settlors
during their lifetime and then by a survivor of
them or subject to this appointment is by the
trustees.

to appoint one or more 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
£14,205
(2023
-
£14,726)
for
trust
administration services and £138 for cash
management fees (2023: £133) during the
year under review. These fees are
authorised under clause 6 of the trust deed.
Other

Reference and Administrative details

Charity name The Ashla Charitable Trust
Other name the charity uses
Registered charity number 1140840
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
20		 Trustee name Office (if any) Dates acted if not for whole
year		 Name of person (or body) entitled
to appoint trustee (if any)
Mr R Turner
Mrs M R M Turner
Mrs R Turner-Jones
Mrs C Oldridge-Turner
Ludlow Trust
CompanyLimited

– 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)

Type of adviser
Name
Address		 Type of adviser
Name
Address		 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		 8thFloor, 1 Southampton Street, London
WC2R 0LR
Independent Examiner Geoffrey Frost Blue Spire Limited, Cawley Priory, South
Pallant, Chichester, PO19 1SY

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) Full name(s) Chris Thurlow On behalf of Ludlow Trust Company Limited Position (eg Secretary, Trustee Chair, etc) Date 22 August 2025

The Ashla Charitable Trust The Ashla Charitable Trust The Ashla Charitable Trust 1170629 1170629 CC16a
For the period
from		 31.10.2023
Period start date		 To 30.10.2024
Period end date
Section A Receipts and payments
A1 Receipts Unrestricted
funds
to the nearest £
47,435
4,925
-
-
-
-
-
-


52,360
-
-
-
52,360
30,000
-
14,205
180
138
600
-
-
-
45,123
-
-
-
45,123
7,238
13,470
10,262
30,970		 Restricted
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Endowment
funds
to the nearest £
-
-
-
-
-
-
-
4,109,752
-
4,109,752
4,109,752
10,646
-
-
-
-
-
10,646
4,061,207
-
4,061,207
4,071,853
37,898
- 13,470
29,031
53,459		 Total funds
to the nearest £
47,435
4,925
-
-
-
-
-
-
52,360
4,109,752
-
4,109,752
4,162,112
30,000
10,646
14,205
180
138
600
-
-
-
55,769
4,061,207
-
4,061,207
4,116,976
45,136
-
39,293
84,429		 Last year
to the nearest £
Income from investments 47,435 46,379
Interest received 4,925 2,874
- -
- -
- -
- -
- -
- -
Sub total(Gross income for
AR)

52,360		 49,254
A2 Asset and investment sales,
(see table).
Sale of investments - 947,966
- -
Sub total - 947,966
Total receipts
A3 Payments
997,220
Grants awarded 30,000 160,000
Investment manager fees (including VAT) - 9,189
Trust administration fees (including VAT) 14,205 14,726
Independent Examiners fees 180 780
Cash management fee 138 133
Professional fees 600 -
- -
- -
- -
**Sub total ** 45,123 184,828
A4 Asset and investment
purchases, (see table)
Investmentpurchases - 950,818
-
**Sub total ** - 950,818
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
1,135,646
7,238 - 37,898 45,136 - 138,425
13,470 - 13,470 - -
10,262 29,031 39,293 177,719
30,970 - 53,459 84,429 39,293

CCXX R1 accounts (SS)

22/08/2025

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 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		 Capital account
Income account
Details
Total cash funds
(agree balances with receipts and payments
account(s))
Details
Details
Investment portfolio
Details
Details		 Unrestricted
funds
to nearest £
-
30,970
-
30,970
OK
Unrestricted
funds
to nearest £
-
-
-
-
-
-
Fund to which
asset belongs
Endowment
Fund to which
asset belongs
Fund to which
liability relates		 Restricted
funds
to nearest £
-
-
-
-
OK
Restricted
funds
to nearest £
-
-
-
-
-
-
Cost (optional)
-
-
-
-
-
Cost (optional)
-
-
-
-
-
-
-
-
-
Amount due
(optional)
-
-
-
-		 Endowment
funds
to nearest £
53,459
-
-
53,459
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
2,640,945
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
Signature Print Name Date of
approval
Chris Thurlow on behalf of Ludlow
Trust CompanyLimited		 22 August 2025

CCXX R2 accounts (SS)

22/08/2025

2

Independent Examiner's Report to the Trustees of The Ashla Charitable Trust

I report to the charity trustees on my examination of the accounts of the charity for the year ended 30 October 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 22 August 2025 Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY

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