Trustees’ Annual Report for the period
From 07 April 2024 To 06 April 2025
Charity name: The Gallus Trust Charity registration number: 1175647 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. |
| 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 accordance with the deed. 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 | |
| Contribution made by volunteers |
Para 1.38 | |
| Other |
Achievements and Performance
SORP reference
| Summary of the main | During the year under review the charity made grants to the below charities: | |
|---|---|---|
| achievements of the charity, identifying the difference the |
Sussex Emmaus (RCN 1053354) - £ 3,000.00 | |
| charity’s work has made to | New Horizon Youth Centre (RCN 276943) – £3,000.00 | |
| the circumstances of its | ||
| beneficiaries and any wider | Para 1.20 | Doorstep Library (RCN 1158197) - £ 3,000.00 |
| benefits to society as a | Time To Talk Befriending (RCN 1186555) - £ 3,000.00 | |
| whole. | ||
| First Story (RCN 1122939) - £ 3,000.00 | ||
| Pelican Parcels (RCN 1179866) - £ 3,000.00 | ||
| Phase Worldwide (RCN 1112734) - £ 3,000.00 | ||
| Brent Lodge Wildlife Hospital (RCN 1199715) - £3,000 | ||
| Beyond Food Foundation (RCN 1136234) - £ 3,000.00 | ||
| Gingerbread (RCN 230750) - £ 3,000.00 | ||
| Kangroos Mid Sussex (RCN 1191149) - £ 3,000.00 | ||
| LMK Let me know (RCN 1186555) - £ 3,000.00 | ||
| Dementia Support (RCN 1198042) - £ 4,000.00 | ||
| Breck Foundation (RCN 1168384) - £3,000.00 | ||
| Hypo Hounds (RCN 1165858) - £1,000.00 |
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 amounting to £7,804 (2024: £5,046). In addition to the free reserves the charity has bank balances of £15,263 (2024: £46,965) and investment assets of £982,542.00 within the expendable 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 Para 1.23 uncertainties about the charity continuing as a going concern
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
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Trust deed dated 31st October 2017 |
| 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: |
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 | Ludlow Trust Company Limited was paid £8,788 for trust administration and cash management services during the year under review. These fees are authorised under clause 6 of the trust deed. |
| Other |
Reference and Administrative details
| Charity name | The Gallus Trust |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1175647 |
| 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 4 5 6 7 8 9 10 |
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 Company Limited |
||||
| Jeannette Susan Corrie |
||||
| John Richard Duncan Corrie |
||||
| Elizabeth Margaret Corrie |
||||
| Catherine Helen Cawston |
||||
| Thomas Walter Bateman Cawston |
Appointed on 31-12-2024 | |||
| Michael John Corrie- Pollitt |
Appointed on 31-12-2024 | |||
11 12 13 14 15 16 17 18 19 20
– 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 25/10/24)
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)
| 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 |
||
| Bankers | Coutts & Co | 440 Strand, London, WC2R 0QS |
| Investment Managers | Coutts & Co | 440 Strand, London, WC2R 0QS |
| Accountants | Charter Tax Consulting | 8thFloor, 1 Southampton 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.
on behalf of the charity’s trustees
Signature(s) Full name(s) Chris Thurlow On behalf of Ludlow Trust Company Limited Position (eg Secretary, Chair, etc) Date
----- Start of picture text -----
The Gallus Trust 1175647
Receipts and payments accounts CC16a
For the period Period start date Period end date
To
from 07/04/2024 06/04/2025
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 29,311 - 29,311 21,169
Interest received 1,769 - - 1,769 1,183
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total (Gross income for
31,080 - - 31,080 22,352
AR)
A2 Asset and investment sales,
(see table).
Sale of investments - - 787,584 787,584 888,570
- - - - -
Sub total - - 787,584 787,584 888,570
Total receipts 31,080 - 787,584 818,664 910,922
A3 Payments
Grants awarded 44,000 - 44,000 39,000
Investment management fees 5,011 5,011 4,555
Trust administration fees 8,739 8,739 8,349
Cash Management Fees 49 49 44
Legal fees 420 420
- -
- - - - -
- - - - -
- - - - -
Sub total [ 53,208 ] - 5,011 58,219 51,948
A4 Asset and investment
purchases, (see table)
Investment purchases - - 789,390 789,390 852,288
- - - -
Sub total [ - ] - 789,390 789,390 852,288
Total payments 53,208 - 794,401 847,609 904,236
Net of receipts/(payments) - 22,128 - - 6,816 - 28,944 6,686
A5 Transfers between funds 24,886 - 24,886 - -
A6 Cash funds last year end 5,046 46,965 52,011 45,326
Cash funds this year end 7,804 - 15,263 23,067 52,012
----- End of picture text -----
CCXX R1 accounts (SS)
04/02/2026
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 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 £ - - 7,804 - - - 7,804 - 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 Chris Thurlow on behalf of Ludlow Trust Company Limited |
Endowment funds to nearest £ 15,263 - - |
| 15,263 | |||
| OK | |||
| Endowment funds to nearest £ - - - - - - Current value (optional) 982,542 - - - - Current value (optional) - - - - - - - - - When due (optional) Date of approval |
CCXX R2 accounts (SS)
04/02/2026
2
Document Activity Report
Document Sent Wed, 04 Feb 2026 15:48:46 GMT Document Approval Status Approved Approval Activity Summary Chris Thurlow Approved Wed, 04 Feb 2026 16:53:38 GMT
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Activity
Wed, 04 Feb 2026 16:53:21 GMT Chris Thurlow Approved the document Wed, 04 Feb 2026 16:53:17 GMT Chris Thurlow viewed the document Wed, 04 Feb 2026 15:52:29 GMT Document Sent
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Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ Charity Name The Gallus Trust members of On accounts for the 6[th] April 2025 Charity no 1175647 period ended (if any) Set out on pages Financial statements page 1 - 2 Trustee report page 3 - 12
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the period ended 06/04/2025.
- 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 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.
Signed: Date: 06/02/2026 Name: James Paget Relevant professional FCCA qualification(s) or body (if any): Address: TC Group 10 Bridge Street, Christchurch Dorset BH23 1EF
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