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The Brown Source Trust 1165158
Receipts and payments accounts CC16a
For the period 22/11/2024 21/11/2025
To
from
Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds Last year
funds funds funds
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Income From Investments 12,908 - - 12,908 20,989
Interest Received 4,143 - - 4,143 4,399
- - - - -
Sub total (Gross income for
17,051 - - 17,051 25,388
AR)
A2 Asset and investment sales,
(see table).
Sale Of Investments - - 305,968 305,968 856,541
- - - - -
Sub total - - 305,968 305,968 856,541
Total receipts 17,051 - 305,968 323,019 881,929
A3 Payments
Grants Awarded 96,298 - - 96,298 78,972
Investment Manager Fees - - 4,003 4,003 4,030
Trust Administration Fees 7,894 - - 7,894 7,994
Bank Charges 15 - - 15 -
Cash Management Fees 162 - - 162 164
Accountancy Fees 600 - - 600 600
Independent Examiner Fee - - - - 180
Sub total [ 104,969 ] - 4,003 108,972 91,940
A4 Asset and investment
purchases, (see table)
Investment Purchases - - 243,552 243,552 748,737
- - - -
Sub total [ - ] - 243,552 243,552 748,737
Total payments 104,969 - 247,555 352,524 840,677
Net of receipts/(payments) - 87,918 - 58,413 - 29,505 41,252
A5 Transfers between funds 102,535 - 102,535 - -
A6 Cash funds last year end 5,919 116,962 122,881 81,629
Cash funds this year end 20,536 - 72,840 93,376 122,881
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CCXX R1 accounts (SS)
20/05/2026
1
|**Section B Statement of assets and liabilities at**|**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**|Signature
Per electronic approval
Capital Account
Income Account
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
**Details**
**Details**
Investment Portfolio
**Details**
**Details**|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**20,536**
**-**
**-**
**-**
**20,536**
**-**
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 Company Limited|**Endowment**
**funds**
**to nearest £**
**72,840**
**-**
**-**|
||||**72,840**|
||||OK|
||||**Endowment**
**funds**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**Current value**
**(optional)**
**855,193**
**-**
**-**
**-**
**-**
**Current value**
**(optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**When due**
**(optional)**
Date of
approval
Per electronic
approval|
CCXX R2 accounts (SS)
20/05/2026
2
## **Trustees’ Annual Report for the period**
## **From 22 November 2024 To 21 November 2025**
**Charity name: The Brown Source Trust Charity registration number: 1165158**
## **Objectives and Activities**
|**Objectives and Activities**|**Objectives and Activities**|**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. 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:
|**Additional information (optional)**
Youmay choose toincludefurtherstatementswhererelevant about:|**Additional information (optional)**
Youmay choose toincludefurtherstatementswhererelevant about:|**Additional information (optional)**
Youmay choose toincludefurtherstatementswhererelevant 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**
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SORP reference
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|**Achievements and Performance**|**Achievements and Performance**|**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 £96,298.
The Snowdrop Project
Disability Africa
Charitable Trust for Tongabezi
RSPB
Christ College
Eco Brix
S A F E
Women’s Work Lab
Grow
Refugee Education UK
AKAWC
The British Hedgehog Preservation
Society|
## **Additional information (optional)**
You may choose to include further statements where relevant about:
|**Additional information (optional)**
Youmay choose toincludefurtherstatementswhererelevant about:|**Additional information (optional)**
Youmay choose toincludefurtherstatementswhererelevant about:|**Additional information (optional)**
Youmay choose toincludefurtherstatementswhererelevant 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**
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Review of the charity’s Para 1.21 At the end of the reporting period the charity
financial position at the end had free reserves of £20,536 (2024:
of the period £5,919).
In addition to the free reserves the charity
has bank balances of £72,840 (2024:
£116,962) and investments valued at
£855,193 within the expendable endowment
fund which can be released to support the
activities of the charity.
Statement explaining the Para 1.22 The Trustees pursue a policy of maintaining
policy for holding reserves a free reserve available to be spent in the
furtherance of the charity’s objectives as
stating why they are held
well as covering future needs, opportunities,
contingencies and risks.
Amount of reserves held Para 1.22
Reasons for holding zero Para 1.22
reserves
Details of fund materially in Para 1.24
deficit
Explanation of any Para 1.23
uncertainties about the
charity continuing as a going
concern
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## **Additional information (optional)**
You may choose to include further statements where relevant about:
|Youmay choose toincludefurtherstatementswhererelevant about:|Youmay choose toincludefurtherstatementswhererelevant about:|Youmay choose toincludefurtherstatementswhererelevant 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**
|**Structure, Governance and Management**|**Structure, Governance and Management**|**Structure, Governance and Management**|
|---|---|---|
|Description of charity’s
trusts:|||
|Type of governing document
Para 1.25
Trust deed dated 21/12/2015|||
|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 bodyentitled|Para 1.25|Trustees are appointed by the trustees from
time to time.|
|to appoint one or more
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 Trust Company Ltd was paid £8,056
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**
|**Reference and Administrative details**|**Reference and Administrative details**|
|---|---|
|Charity name
The Brown Source Trust||
|Other name the charity uses||
|Registered charity number
1165158||
|Charity’s principal address|Ludlow Trust Company Limited
Tower Wharf
Cheese Lane
Bristol
BS2 0JJ|
**Names of the charity trustees who manage the charity**
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Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
Ludlow Trust
1
Company Limited
2 Alan John Brown
3 Jack Robert Brown
4 Chloe Joanna Noble
5 Harry William Brown
6 Hannah Louise Brown
7 Nicola Susan Brown
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## – 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 wholeyear**||
|---|---|---|
||||
||||
|**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)**
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Type of adviser Name Address
Investment Managers Coutts 440 Strand, London, WC2R 0QS
Bankers Coutts 440 Strand, London, WC2R 0QS
Accountants Charter Tax Consulting 8th Floor, 1 Southampton St, London
Limited WC2R 0LR
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**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 trustee’s report above.**
## **Signed on behalf of the charity’s trustees**
|**Signature(s)**|Per electronic approval||
|---|---|---|
||||
|**Full name(s)**|Stuart Robinson On behalf
of Ludlow Trust Company
Ltd||
||||
||||
|**Position (eg Secretary,**
**Chair, etc)**|||
|**Date**
Per electronic approval|||
|**Date**|Per electronic approval||
**Document Activity Report**
**Document Sent** Wed, 27 May 2026 08:48:25 GMT **Document Approval Status** Approved **Approval Activity Summary** Stuart Robinson Approved Wed, 27 May 2026 09:17:22 GMT **Document Activity History** Document history shows most recent activity first **Date Activity** Wed, 27 May 2026 09:17:17 GMT Stuart Robinson viewed the document
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**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** 21[st] November 2025 **Charity no** 1165158 **period ended (if any) Set out on pages** Financial statements page 1 - 2 Trustee report page 3 - 10
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the period ended 21/11/2025.
- **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 examiner's statement**
I have completed my examination. I confirm that no material matters have 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.
**Date:** 29/05/2026 **Signed: Name:** Ian Rodd **Relevant professional** BSc FCA FCCA **qualification(s) or body (if any): Address:** TC Group Waverley House115-119 Holdenhurst Rd, Bournemouth BH8 8DY
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 any items that the examiner wishes to disclose** .
n/a
2
**IER**