2024-11-21-accounts

The Brown Source Trust 1165158 Receipts and payments accounts CC16a For the period Period start date Period end date To from 22.11.2023 21.11.2024

Section A Receipts and payments	Section A Receipts and payments
A1 Receipts	Unrestricted funds to the nearest £ 20,988 4,399 - - - - - - 25,387 - - - 25,387 78,972 - 7,994 780 164 - - - - 87,910 - - - 87,910 - 62,523 63,654 4,788 5,919	Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Endowment funds to the nearest £	Total funds to the nearest £ 20,988 4,399 - - - - - - 25,387 856,541 - 856,541 881,928 78,972 4,030 7,994 780 164 - - - - 91,940 748,737 - 748,737 840,677 41,251 - 81,629 122,881	Last year to the nearest £
Income from investments	20,988		- - - - - - - - -	20,988	20,306
Interest received	4,399			4,399	2,601
	-			-	-
	-			-	-
	-			-	-
	-			-	-
	-			-	-
	-			-	-
Sub total(Gross income for AR)	25,387			25,387	22,907
A2 Asset and investment sales, (see table).
Sale of investments	-		856,541 - 856,541	856,541	378,681
	-			-	-
Sub total	-			856,541	378,681
Total receipts A3 Payments
			856,541	881,928	401,588
Grants awarded	78,972		- 4,030 - - - - - - - 4,030	78,972	91,276
Investment management fees (VAT inclusive)	-			4,030	3,896
Trust administration fees (VAT inclusive)	7,994			7,994	7,944
Independent Examiners fees	780			780	780
Cash management fee	164			164	162
	-			-	-
	-			-	-
	-			-	-
	-			-	-
**Sub total **	87,910			91,940	104,058
A4 Asset and investment purchases, (see table)
Investment purchases	-		748,737 - 748,737	748,737	385,122
	-			-
**Sub total **	-			748,737	385,122
Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end
			752,767	840,677	489,180
	- 62,523	-	103,774	41,251	- 87,592
	63,654		- 63,654 76,842	-	-
	4,788			81,629	169,221
	5,919	-	116,962	122,881	81,629

CCXX R1 accounts (SS)

1

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 £ - - 5,919 - - - 5,919 - 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 Stuart Robinson on behalf of Ludlow Trust CompanyLimited	Endowment funds to nearest £
			116,962
			-
			-
			116,962
			OK
			Endowment funds to nearest £
			-
			-
			-
			-
			-
			-
			Current value (optional)
			853,875
			-
			-
			-
			-
			Current value (optional)
			-
			-
			-
			-
			-
			-
			-
			-
			-
			When due (optional)
			Date of approval
		Stuart Robinson on behalf of Ludlow Trust CompanyLimited

CCXX R2 accounts (SS)

2

Trustees’ Annual Report for the period

From 22 November 2023 To 21 November 2024

Charity name: The Brown Source Trust Charity registration number: 1165158

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The objectives 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 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 Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other

Achievements and Performance

SORP reference During the year under review the charity made grant awards to 11 institutions totalling £78,972. Summary of the main achievements of the charity, identifying the difference the Para 1.20 charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.

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 £5,919 (2023: £4,788). In addition to the free reserves the charity has bank balances of £116,962 (2023: £76,842) and investments valued at £853,875 within the endowment fund. 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		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 12 December 2015.
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 settlor during his lifetime or subject to this appointment is by the 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	No trustee received any remuneration or was reimbursed any expenses in the year under review. Ludlow received £7,994 for trust administration services during the year under review. These fees are authorised under clause 13 of the trust deed.
Other

Reference and Administrative details

Charity name	The Brown Source Trust
Other name the charity uses
Registered charity number	1165158
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 Alan Brown
	Mrs Nicola S Brown
	Mrs Chloe J Noble
	Miss Hannah L Brown
	Mr HarryW Brown
	Mr Jack R Brown
	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

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

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of adviser	Name Address	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 Limited	8thFloor, 1 Southhampton Street, London, WC2R 0LR

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) Position (eg Secretary, Chair, etc) Date
	Stuart Robinson
	For and on behalf of Ludlow Trust Company Ltd
	18/09/2025
	18/09/2025

2025-09-18BrownSourceAccounts

Final Audit Report

2025-09-18

Created: 2025-09-18 By: Marta Kurpickaja ([e-mail]) Status: Signed Transaction ID: CBJCHBCAABAAl9eD-gYMsc_VaP_QWMrMeBMzWiwsYjR6

"2025-09-18BrownSourceAccounts" History

Document created by Marta Kurpickaja ([e-mail]) 2025-09-18 - 11:07:59 AM GMT

Document emailed to Stuart Robinson ([e-mail]) for signature 2025-09-18 - 11:08:05 AM GMT

Email viewed by Stuart Robinson ([e-mail]) 2025-09-18 - 2:00:57 PM GMT

Document e-signed by Stuart Robinson ([e-mail]) Signature Date: 2025-09-18 - 2:01:47 PM GMT - Time Source: server

Agreement completed.

2025-09-18 - 2:01:47 PM GMT

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ Charity Name The Brown Source Trust members of On accounts for the year 21 November 2024 Charity no 1165158 ended (if any) Set out on pages Financial statements page 1-2 Trustee report page 3-12 (remember to include the page numbers of additional sheets)

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 21/11/2024.

Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

• accounting records were not kept in accordance with section 130 of the Act or

• the accounts do not accord with the accounting records

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

----- Start of picture text -----
Date: 19/09/2025
Signed:
Name: Thomas Mackey
Relevant professional ICAEW (ACA)
qualification(s) or body
(if any):
Address: Ward Goodman Audit Services Limited, 4 Cedar Park, Cobham Road
Ferndown Industrial Estate, Wimborne
Dorset BH21 7SF
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1

IER

Section B Disclosure

Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of n/a any items that the examiner wishes to disclose .

2

IER