2024-09-19-accounts - The Pamela Cordelia Smith Charitable Trust

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Docusign Envelope ID: 598C95E2-4192-4A34-AAE5-AD39B8952E04

Trustees’ Annual Report for the period

From 20 September 2023 To 19 September 2024 Charity name: The Pamela Cordelia Smith Charitable Trust

Charity registration number: 1144403

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 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. The Trustees will take into account the Letter of Wishes which requests that consideration be given to benefit the following charities: Royal National Lifeboat Institution, British Heart Foundation, Great Ormond Street Hospital Children’s Charity and Motor Neurone Disease Association.
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 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.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18

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

Docusign Envelope ID: 598C95E2-4192-4A34-AAE5-AD39B8952E04

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 charities below: Royal National Lifeboat Institution (RCN 1184013) - £5,028.95 British Heart Foundation (RCN 225971) - £5,028.95 Great Ormond Street Hospital (RCN 1160024) - £5,028.95 Motor Neurone Disease Association (RCN 294354) - £5,028.95

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

Docusign Envelope ID: 598C95E2-4192-4A34-AAE5-AD39B8952E04

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 amounting to £11,317 (2023: £2,806). In addition to the free reserves the charity has bank balances of £1,419,182 (2023: £16,919). 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.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22
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
Other

Docusign Envelope ID: 598C95E2-4192-4A34-AAE5-AD39B8952E04

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Trust deed dated 19thSeptember 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 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:


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
Other

Reference and Administrative details

Charity name	The Pamela Cordelia Smith Charitable Trust
Other name the charity uses
Registered charity number	1144403
Charity’s principal address	Ludlow Trust Company Limited 1stFloor, Tower Wharf Cheese Lane, Bristol BS2 0JJ

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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)
	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

Docusign Envelope ID: 598C95E2-4192-4A34-AAE5-AD39B8952E04

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)

Type of Name Address adviser 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

Docusign Envelope ID: 598C95E2-4192-4A34-AAE5-AD39B8952E04

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, Managing Director Chair, etc) Date 18 July 2025

Docusign Envelope ID: 598C95E2-4192-4A34-AAE5-AD39B8952E04

	The Pamela Cordelia Smith Charitable Trust	The Pamela Cordelia Smith Charitable Trust	The Pamela Cordelia Smith Charitable Trust	1144403	CC16a
	For the period from	20.09.2023 Period start date	To	19.09.2024 Period end date

Section A Receipts and payments
A1 Receipts	Unrestricted funds to the nearest £ 11,323 2,518 - - - - - - 13,841 - - - 13,841 20,116 - 3,986 - - - - - - 24,102 - - - 24,102 (10,261) 18,772 2,806 11,317	Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Endowment funds to the nearest £ - - 1,000,000 - - - - - 1,000,000 790,450 - 790,450 1,790,450 - 2,173 - - - - - - - 2,173 367,242 - 367,242 369,415 1,421,035 (18,772) 16,919 1,419,182	Total funds to the nearest £ 11,323 2,518 1,000,000 - - - - - 1,013,841 790,450 - 790,450 1,804,291 20,116 2,173 3,986 - - - - - - 26,275 367,242 - 367,242 393,517 1,410,774	Last year to the nearest £
Income from investments	11,323				9,816
Interest received	2,518				390
Income from Settlor	-				-
	-				-
	-				-
	-				-
	-				-
	-				-
*Sub total*(Gross income for AR)	13,841				10,206

A2 Asset and investment sales, (see table).
Sale of investments	-				168,940
	-				-
*Sub total*	-				168,940
*Total receipts* A3 Payments
					179,146

Charitablepayments	20,116				20,940
Investment managers fee(VAT inclusive)	-				1,908
Trust administration fee(VAT inclusive)	3,986				1,709
Bank charges	-				18
Cash management fee	-				14
	-
	-				-
	-				-
	-				-
**Sub total **	24,102				24,589

A4 Asset and investment purchases, (see table)
Investmentpurchases	-				152,749
	-				-
**Sub total **	-				152,749
*Total payments* *Net of receipts/(payments)* A5 Transfers between funds A6 Cash funds last year end *Cash funds this year end*
					177,338

	(10,261)	-	1,421,035	1,410,774	1,808
	18,772	-	(18,772)	-	-
	2,806	-	16,919	19,725	17,917
	11,317	-	1,419,182	1,430,499	19,725

CCXX R8 accounts (SS)

18/07/2025

Docusign Envelope ID: 598C95E2-4192-4A34-AAE5-AD39B8952E04

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 CCXX R9 accounts (SS)	Signature Details Cash Capital Cash Income Details *Total cash funds* (agree balances with receipts and payments account(s)) Details Details Details 9	Unrestricted funds Restricted funds to nearest £ to nearest £ - - 11,317 - - - - - - - - - 11,317 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - 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 £
			1,419,182
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			-
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			1,419,182
			OK
			Endowment funds to nearest £
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			-
			-
			-
			-
			-
			Current value (optional)
			-
			-
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			Current value (optional)
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			When due (optional)






			Date of approval
			18 July 2025

			18/07/2025

CCXX R9 accounts (SS)

Docusign Envelope ID: 598C95E2-4192-4A34-AAE5-AD39B8952E04

Independent Examiner's Report to the Trustees of The Pamela Cordelia Smith Charitable Trust

I report to the charity trustees on my examination of the accounts of the charity for the year ended 19 September 2024 which are set out on pages 8 to 9.

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.

Geoffrey Frost BSc(Hons) FCA Date 18 July 2025 Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY