OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-09-19-accounts

Trustees’ Annual Report for the period

From 20th September 2024 To 19th September 2025

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 To hold the capital and income upon trust to
apply the income and all or such parts of the
capital at such time or times and in such a
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.
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 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 no grants.

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 £159,127 (2024:
£1,419,182) and investments valued at
£1,432,225
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 £44,574 (2024:
£11,317).
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 Para 1.46 objectives including any social investment policy adopted A description of the principal Para 1.46 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:
Type of governing document Para 1.25 Trust deed dated 19thSeptember 2011
How is the charity
constituted?		 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 trustees from
time to time.
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 for any expenses in the
year under review.
Ludlow Trust Company Ltd was paid £8,805
(2024: £3,986) for trust administration and
cash management fees during the year
under review. These fees are authorised
under clause 13 of the trust deed.
Other

Reference and Administrative details

Charity name The Pamela Cordelia Smith Charitable Trust
Other name the charity uses None
Registered charity number 1144403
Charity’s principal address Ludlow Trust Company Limited, Tower Wharf, Cheese
Lane, Bristol, BS2 0JJ

Names of the charity trustees who manage the charity

Trustee name Office (if any) Dates acted if not for whole year Name of person (or
body) entitled to
appoint trustee (ifany)
Ludlow Trust
Company Limited

– 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 25/10/2024)

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)

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 Cazenove Capital Schroder & Co. Limited, 1 London Wall
Place, London, EC2Y 5AU
Bankers Cazenove Capital Schroder & Co. Limited, 1 London Wall
Place, London, EC2Y 5AU
Accountants Charter Tax Consulting
Limited		 8th Floor, 1 Southampton St, London
WC2R 0LR
Independent Examiner James O’Rourke 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) Monica Brown Position (eg Secretary, On behalf of Ludlow Trust Chair, etc) Company Limited (Trustee) Date 20 April 2026

The Pamela Cordelia Smith Charitable Trust The Pamela Cordelia Smith Charitable Trust The Pamela Cordelia Smith Charitable Trust 1144403 1144403 CC16a
For the period
from		 20th September 2024
Period start date		 To 19th September 2025
Period end date
Section A Receipts and payments
A1 Receipts Unrestricted
funds
to the nearest £
11,013
23,443
-
34,456
-
-
-
34,456
-
8,207
600
598
12
4,462
-
13,879
-
-
-
13,879
20,577
12,680
11,317
44,574		 Restricted funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Endowment
funds
to the nearest £
-
-
119,590
119,590
725,954
-
725,954
845,544
-
12,529
-
-
-
-
-
12,529
2,080,390
-
2,080,390
2,092,919
- 1,247,375
- 12,680
1,419,182
159,127		 Total funds
to the nearest £
11,013
23,443
119,590
154,046
725,954
-
725,954
880,000
-
12,529
8,207
600
598
12
4,462
-
26,408
2,080,390
-
2,080,390
2,106,798
- 1,226,798
-
1,430,499
203,701		 Last year
to the nearest £
Income From Investments 11,013 11,323
Interest Received 23,443 1,000,000
Additions from Settlor - 2,518
Sub total(Gross income for
AR)		 34,456 1,013,841
A2 Asset and investment sales,
(see table).
Sale Of Investments - 790,450
- -
Sub total - 790,450
Total receipts
A3 Payments
1,804,291
Grants Awarded 20,116
Investment Manager Fees - 2,173
Trust Administration Fees 8,207 3,986
Independent Examiners Fees 600 -
Cash Management Fees 598 -
Bank Charges 12
FX Fees 4,462
- -
**Sub total ** 13,879 26,275
A4 Asset and investment
purchases, (see table)
Investment Purchases - 367,242
-
**Sub total ** - 367,242
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
393,517
20,577 - - 1,247,375 - 1,226,798 1,410,774
12,680 - 12,680 - -
11,317 1,419,182 1,430,499 19,725
44,574 - 159,127 203,701 1,430,499

CCXX R1 accounts (SS)

20/04/2026

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
B5 Liabilities
B3 Investment assets
B2 Other monetary assets
B4 Assets retained for the
charity’s own use
B1 Cash funds		 Details
Investment Portfolio
Details
Details
Details
Total cash funds
(agree balances with receipts and payments
account(s))
Details
Capital Account
Income Account
Signature		 Unrestricted
funds
Restricted funds
to nearest £
to nearest £
-
-
44,574
-
-
-
44,574
-
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
Monica Brown on behalf of Ludlow Trust
CompanyLimited(Trustee)		 Endowment
funds
to nearest £
159,127
-
-
159,127
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
1,432,225
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
Date of
approval
Monica Brown on behalf of Ludlow Trust
CompanyLimited(Trustee)		 20 April 2026

CCXX R2 accounts (SS)

20/04/2026

2

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 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:

  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.

James O’Rourke FCA Date 20 April 2026 Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY