## **The 1485 Charitable Trust Annual Report for Financial Year to end March 2025**
This is a very bad time for charity finances everywhere, especially since the election of Trump and as the War in Ukraine passes its third anniversary. And in the UK, lower income households continue to suffer as low wage growth fails to catch up with food and energy prices, in spite of a tight labour market.
We continue to specialise in “hardship grants”, very small donations to the hardship funds of carefully checked organisations who specialise in supporting their clients in crisis. Last year we made 87 hardship grants totalling £150k (vs 45 and £66k) with an unchanged average size of £1500. Hardship thus defined therefore remains the overwhelming majority of total grant making of £170k. Note that about £44k went into Ukraine, and there was a £50k grant to the SVP Cost Of Living fund which does what we do in parallel to us (make small hardship grants to local SVP conferences – we continue to believe that the SVP network gives unique exposure to hardship in the UK). We shall continue to monitor our recipients carefully, and we hope to continue growing our hardship program.
Otherwise, on top of our regular monthly round of donations to four Christian causes which once again amounted to £8k in the year, we made two five-figure grants to Insulate Ukraine and a number of other smaller donations, including £5k to the international relief trust Two Walters and £8k to Soul Sanctuary Gospel Choir CIO, of both of which I am a trustee.
Grant payout in the year to March 2025 amounted to about 8% (£170k on £2.2m of assets), up sharply from 4% last year and 3% the year before. This is a clear reflection of two things: first, the level of need in the UK mentioned above, and second, that in the Ukraine as the war grinds on. As for the Trust’s bank account, there was a reduction in funds of about £6k to a year-end balance of £9k.
Our external money manager is Ruffer Investment Management. Trustees remain convinced that Ruffer is the best guardian of the charity’s assets in these extremely volatile times in spite of indifferent recent performance.
For our registration number, address, trustee names and charitable purposes, see https://register-of-charities.charitycommission.gov.uk/charity-search/- /charity details/5112248 . It is the collective responsibility of trustees to identify, assess and monitor grantees. The Chair is responsible for all other administration. The recruitment of trustees is in full compliance with Charities Commission recommendations.
Michal G D Giedroyc, Chair of Trustees The 1485 Charitable Trust July 25[th] , 2025
**Charity Name No (if any) The 1485 Charitable Trust 1175902**
## **Receipts and payments accounts**
## **CC16a**
**For the period** Period start date Period end date **To from** April 1st 2024 March 31st 2025
## **Section A Receipts and payments**
|**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest £**|**Unrestricted**
**funds**
**to the nearest £**|**Restricted funds**
**to the nearest £**|**Restricted funds**
**to the nearest £**|**Endowment**
**funds**
**to the nearest £**|**Endowment**
**funds**
**to the nearest £**|**Total funds**
**to the nearest £**|**Total funds**
**to the nearest £**|**Last year**
**to the nearest £**|
|---|---|---|---|---|---|---|---|---|---|
|
Donations made byMGDG & DAUJ|**-**||**-**||**-**||**-**||**85,000**|
|Transfers from 1485 Inv Acc at RIM|**162,500**||**-**||**-**||**162,500**||**82,000**|
|Estate of RVAG|**175,000**||**-**||**-**||**175,000**||**-**|
|Other|**2,500**||**-**||**-**||**2,500**||**-**|
||**-**||**-**||**-**||**-**||**-**|
||**-**||**-**||**-**||**-**||**-**|
||**-**||**-**||**-**||**-**||**-**|
||**-**||**-**||**-**||**-**||**-**|
|**_Sub total_**_(Gross income for AR)_|**340,000**||**-**||**-**||**340,000**||**167,000**|
|||||||||||
|**A2 Asset and investment sales,**
**(see table).**||||||||||
||**-**|||||||||
||**-**||||||||**-**|
|**_Sub total_**|**-**||||||||**-**|
|**_Total receipts_**
**A3 Payments**||||||||||
||||||||||**167,000**|
|||||||||||
|
Grants Made|**167,961**||||||||**100,177**|
|Transfers to 1485 Inv Account at RIM|**175,000**||||||||**150,000**|
|Bank Charges & Other Fees|**200**||||||||**450**|
|Other|**2,500**||||||||**-**|
||**-**||||||||**-**|
||**-**||||||||**-**|
||**-**||||||||**-**|
||**-**||||||||**-**|
||**-**||||||||**-**|
|**_Sub total_ **|**345,661**||||||||**250,627**|
|||||||||||
|**A4 Asset and investment**
**purchases, (see table)**||||||||||
||**-**|||||||||
||**-**|||||||||
|**_Sub total_ **|**-**||||||||**-**|
|**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**||||||||||
||||||||||**250,627**|
|||||||||||
||**- 5,661**||||||**- 5,661**||**- 83,627**|
||**-**||||||**-**||**-**|
||**14,576**||||||**14,576**||**98,203**|
||**8,915**||||||**8,915**||**14,576**|
## **Section B Statement of assets and liabilities at the end of the period**
|CCXX R1 accounts (SS)
**Categories**
**B1 Cash funds**|1
**Details**
**_Total cash funds_**
(agree balances with receipts and payments account(s))
Coutts & Co Current Account|**Unrestricted**
**funds**
**to nearest £**
**8,915**
**-**
**8,915**
OK|25/07/2025
**Restricted funds**
**Endowment**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
OK
OK|**Endowment**
**funds**
**to nearest £**|
|---|---|---|---|---|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|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**|**Details**
Portfolio wth Ruffer Investment Mgmt (RIM)
**Details**
**Details**
**Details**
Signature|**Unrestricted**
**funds**
**Restricted funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which asset**
**belongs**
**Cost (optional)**
**2,263,889**
**-**
**-**
**-**
**-**
**Fund to which asset**
**belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
**-**
**-**
**-**
**-**
**-**
Print Name
MichalGDGiedroyc|**Endowment**
**funds**
**to nearest £**|
|---|---|---|---|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**Current value**
**(optional)**|
||||**2,046,109**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**Current value**
**(optional)**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**When due**
**(optional)**|
|||||
|||||
|||||
|||||
|||||
|||||
||||Date of approval|
|||MichalGDGiedroyc|July25th 2025|
|||||
CCXX R2 accounts (SS)
25/07/2025
2
## **Independent examiner’s report to the trustees of the 1485 Charitable Trust**
I report to the trustees on my examination of the account **s** of the 1485 Charitable Trust (the Trust) for the accounting period ended 31[st] March 2025.
## **Responsibilities and basis of the report**
As the charity trustees of the Trust 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 Trust’s accounts carried out under section 145 of the 2011 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 examiners 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 Trust 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.
Signed Name Edward David Griffiths Professional Body Chartered Institute of Public Finance and Accountancy Membership No 00006890 Address 11 Northwick Park Road, Harrow, Middx. HA1 2NY Date 25th July 2025