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2025-10-31-accounts

Trustees’ Annual Report for the period

From 1[st] November 2024 To 31[st] October 2025

Charity name: The Bryan Christopher Corrigan Charitable Trust Charity registration number: 1147872

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 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. The
Trustees will take into account the Letter of
Wishes which requests that consideration
be given to benefit the following charities:
The Chelsea Society, Friends of Gloucester
Cathedral, The Glaziers Trust, Sailor’s
Society, St Luke & Christ Church Chelsea,
Merchant Taylor’s School, The Seafarers
Society – Now Seafarers UK 226446 and
Action on Hearing Loss.
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 grants to the following charities
totalling £58,092.

St Luke and Christ Church Chelsea
- £7,446.00

Seafarers UK - £7,446.00

Action on Hearing Loss - £7,446.00

Merchant
Taylor’s
School
-
£7,446.00

The Chelsea Society - £7,077.00

The Glaziers Foundation - £7,077.00

Sailor’s Society - £7,077.00

Friends of Gloucester Cathedral -
£7,077.00

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 At the end of the reporting period the charity
had
free reserves of £3,175
(2024:
£23,516).
In addition to the free reserves the charity
has bank balances of £11,636 (2024:
£32,754)
and
investments
valued
at
£613,250 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 £3,175
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 31 October 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 existing
trustees from time to time.

Additional information (optional)

You may choose to include further statements where relevant about:

Policies and procedures
adopted for the induction
and trainingof trustees		 Para 1.51
The charity’s organisational
structure and any wider
network with which the
charityworks		 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 Ltd was paid £5,149
for
trust
administration
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 The Bryan Christopher Corrigan Charitable Trust
Other name the charity uses N/A
Registered charity number 1147872
Charity’s principal address Ludlow Trust Co Ltd
Tower Wharf
Cheese Lane
BRISTOL
BS2 0JJ

Names of the charity trustees who manage the charity

1
2
3		 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
Corporate trustee


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		 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)
Corporate trustee
Director name
Gary St John Collins
Walter Duncan Coxon
Ali Reza Sarikhani
Ziba Christina Sakine
Sarikhani
Christopher Ian Thurlow
Matthew John Wickers

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year
N/A

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 Manager NatWest 2ndFloor, Trinity Quay, Avon Street,
Bristol, BS2 2DH
Banker NatWest 2ndFloor, Trinity Quay, Avon Street,
Bristol, BS2 2DH
Accountant Charter Tax Consulting
Limited		 8th Floor, 1 Southampton St, London
WC2R 0LR
Independent
Examiner		 Katie Wilson Blue Spire Limited, Cawley Priory, South
Pallant, Chichester, West Sussex, 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

N/A

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 Position (eg Secretary, On behalf of Ludlow Trust Chair, etc) Company Limited (Trustee) Date 27 March 2026

Charity Name No (if any)
The Bryan Christopher Corrigan Charitable Trust 1147872
Receipts andpayments accounts CC16a
01/11/2024
Period start date
For the period
from		 To 31/10/2025
Period end date
Section A Receipts and payments Section A Receipts and payments
A1 Receipts Unrestricted
funds
to the nearest £
11,625
1,479
-
13,104
-
-
-
13,104
58,092
-
5,093
-
56
-
63,241
-
-
-
63,241
(50,137)
29,796
23,516
3,175		 Restricted
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Endowment
funds
to the nearest £
-
-
-
-
206,153
-
206,153
206,153
-
2,713
-
-
-
-
2,713
194,762
-
194,762
197,475
8,678
(29,796)
32,754
11,636		 Total funds
to the nearest £
11,625
1,479
-
13,104
206,153
-
206,153
219,257
58,092
2,713
5,093
-
56
-
65,954
194,762
-
194,762
260,716
(41,459)
-
56,270
14,811		 Last year
to the nearest £
Income From Investments 11,625 15,658
Interest Received 1,479 1,560
- -
Sub total(Gross income for
AR)		 13,104 17,218
A2 Asset and investment sales,
(see table).
Sale Of Investments - 452,721
- -
Sub total - 452,721
Total receipts
A3 Payments
469,939
Grants Awarded 58,092 -
Investment Manager Fees - 2,611
Trust Administration Fees 5,093 4,939
Independent Examiners Fees - -
Cash Management Fees 56 55
- -
**Sub total ** 63,241 7,605
A4 Asset and investment
purchases, (see table)
Investment Purchases - 427,511
- -
**Sub total ** - 427,511
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
435,116
(50,137) - 8,678 (41,459) 34,823
29,796 - (29,796) - -
23,516 - 32,754 56,270 21,447
3,175 - 11,636 14,811 56,270

CCXX R1 accounts (SS)

26/03/2026

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 Section B Statement of assets and liabilities at the end of the period
Categories
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		 Unrestricted
funds
to nearest £
-
3,175
-
3,175
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 £
11,636
-
-
11,636
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
613,250
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
-
-
-
-

Signed by one or two trustees on behalf of all the trustees

Signature

Date of Print Name approval Chris Thurlow on behalf of Ludlow 27 March 2026 Trust Company Ltd (Trustee)

CCXX R2 accounts (SS)

26/03/2026

2

Independent Examiner's Report to the Trustees of The Bryan Christopher Corrigan Charitable Trust

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 October 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.

Katie Wilson FCA Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY

27 March 2026 Date

11