## **Trustees’ Annual Report for the period** **From 17 February 2024 To 16 February 2025** **Charity name: The Stefan and May Frances Kwasniewski Charitable Trust Charity registration number: 1180477** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|The objects of the trust are to:
To apply the income and all or such part or
parts of capital for or towards such
charitable purposes and make donations to
such charitable institutions at such time or
times 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 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
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 two awards totalling £50,025

Samaritans - £25,000

The Big Give Trust - £25,025| |**Additional information (optional)**
Youmay choosetoincludefurtherstatementswhererelevantabout:||| |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 £15,947 (2024:
£18,762).
In addition to the free reserves the charity
has bank balances of £11,315 (2024:
£7,388) and investments valued at
£1,044,646 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|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|| |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 Para 1.47 sources of funds (including any fundraising) |||| |---|---|---| |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|Para 1.25|Will trust dated 18 Sep 2018, as amended
on 19 Aug 2022| |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 trustees
from time to time| |**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|No trustee received any remuneration or
was reimbursed any expenses in the year
under review.
Ludlow Trust Company Limited were paid
£10,638 (2024: £4,427) for trust
administration and cash management
services during the year under review.
These fees are authorised under clause 8
of the trust deed.| |Other||| ## **Reference and Administrative details** |Charity name|The Stefan and May Frances Kwasniewski Charitable Trust| |---|---| |Other name the charity uses|| |Registered charity number|1180477| |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
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 (ifany)**| |---|---|---|---|---| ||Ludlow Trust
CompanyLimited|||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| – Corporate trustees names of the directors at the date the report was approved |**Director name**||| |---|---|---| |**Gary St John Collins**||| |**Walter Coxon**||| |**Ali Sarikhani**||| |**Christopher Thurlow**||| |**Matthew Wickers**||| |**Ziba Sarikhani**||| |**John 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**||| |**Investment Managers**|Royal Bank Of Scotland|2nd Floor Trinity Quay II Avon Street PO
Box 3138 BRISTOL BS2 2DH| |**Bankers**|Royal Bank Of Scotland|2nd Floor Trinity Quay II Avon Street PO
Box 3138 BRISTOL BS2 2DH| |**Accountants**|Charter Tax Consulting
Limited|8th Floor 1 Southampton Street, London,
United Kingdom, WC2R 0LR| |**Independent Examiner**|Geoffrey Frost|Blue Spire Limited, Cawley Priory, South
Pallant, Chichester, 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 ## **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** 11 December 2025 |**The Stefan and May Frances Kwasniewski Charitable**|**1180477**| |---|---| |**Trust**|| |**Receipts andpayments accounts**|| **Receipts and payments accounts CC16a For the period** Period start date Period end date **To from** 17.02.2024 16.02.2025 |**Section A Receipts and payments**|**Section A Receipts and payments**||||| |---|---|---|---|---|---| |**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest £**
**24,940**
**2,099**
**-**
**-**
**-**
**-**
**-**
**-**
**27,039**
**-**
**-**
**-**
**27,039**
**50,025**
**-**
**10,569**
**510**
**69**
**600**
**-**
**-**
**-**
**61,773**
**-**
**-**
**-**
**61,773**
**- 34,734**
**31,919**
**18,762**
**15,947**|**Restricted**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Endowment**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**851,454**
**-**
**851,454**
**851,454**
**-**
**4,717**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**4,717**
**810,891**
**-**
**810,891**
**815,608**
**35,846**
**- 31,919**
**7,388**
**11,315**|**Total funds**
**to the nearest £**
**24,940**
**2,099**
**-**
**-**
**-**
**-**
**-**
**-**
**27,039**
**851,454**
**-**
**851,454**
**878,493**
**50,025**
**4,717**
**10,569**
**510**
**69**
**600**
**-**
**-**
**-**
**66,490**
**810,891**
**-**
**810,891**
**877,381**
**1,112**
**-**
**26,151**
**27,262**|**Last year**
**to the nearest £**| |Income from investments|**24,940**||||**25,513**| |Interest received|**2,099**||||**924**| ||**-**||||**-**| ||**-**||||**-**| ||**-**||||**-**| ||**-**||||**-**| ||**-**||||**-**| ||**-**||||**-**| |**_Sub total_**_(Gross income for_
_AR)_|**27,039**||||**26,437**| ||||||| |**A2 Asset and investment sales,**
**(see table).**|||||| |Sale of investments|**-**||||**539,853**| ||**-**||||**-**| |**_Sub total_**|**-**||||**539,853**| |**_Total receipts_**
**A3 Payments**|||||| ||||||**566,290**| ||||||| |Grants awarded|**50,025**||||**49,520**| |Investment manager and admin fees|**-**||||**4,490**| |Trust Management fees|**10,569**||||**4,397**| |Independent Examiners fees|**510**||||**-**| |Cash management fees|**69**||||**30**| |AccountancyFee|**600**||||**-**| ||**-**||||**-**| ||**-**||||**-**| ||**-**||||**-**| |**_Sub total_ **|**61,773**||||**58,437**| ||||||| |**A4 Asset and investment**
**purchases, (see table)**|||||| |Investmentpurchases|**-**||||**524,941**| ||**-**||||| |**_Sub total_ **|**-**||||**524,941**| |**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**|||||| ||||||**583,378**| ||||||| ||**- 34,734**|**-**|**35,846**|**1,112**|**- 17,088**| ||**31,919**||**- 31,919**|**-**|**-**| ||**18,762**||**7,388**|**26,151**|**43,238**| ||**15,947**|**-**|**11,315**|**27,262**|**26,150**| CCXX R1 accounts (SS) 10/12/2025 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 £**
**-**
**15,947**
**-**
**15,947**
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 £**| |||||**11,315**| |||||**-**| |||||**-**| |||||**11,315**| |||||OK| |||||**Endowment**
**funds**
**to nearest £**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**Current value**
**(optional)**| |||||**1,044,646**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**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 11 December 2025 Trust Company Limited (Trustee) CCXX R2 accounts (SS) 10/12/2025 2 ## **Independent Examiner's Report to the Trustees of The Stefan and May Frances Kwasniewski Charitable Trust** I report to the charity trustees on my examination of the accounts of the charity for the year ended 16 February 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. Geoffrey Frost BSc(Hons) FCA Date 16 December 2025 Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY