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2025-10-16-accounts

Trustees’ Annual Report for the period

From 17 October 2024 To 16 October 2025

Charity name: The IMP Trust Charity registration number: 1180551

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.
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 Para 1.38 including program related investment Contribution made by Para 1.38 volunteers 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 grants to the following charities
totalling £138,500.
•
Prostate Cancer UK
•
Saints Foundation
•
Denis Lynn Foundation
•
University of Southampton
•
Alfie’s Wish
•
Mercys Ships
•
Neuroblastoma UK
•
MACS
•
Romsey Young Carers

Additional information (optional) You may choose to include further statements where relevant about: Achievements against Para 1.41 objectives set Performance of fundraising Para 1.41 activities against objectives set

Investment performance Para 1.41 against objectives Other

Financial Review

Review of the charity’s
financial position at the end
of the period		 Para 1.21 In addition to the free reserves the charity
has bank balances of £24,674 (2024:
£61,426)
and
investments
valued
at
£1,380,575
within
the
expendable
endowment fund which can be released to
support the activities of the charity.
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 At the end of the reporting period the charity
had free reserves of £22,477 (2024:
£20,555).
Reasons for holding zero
reserves		 Para 1.22 N/A
Details of fund materially in
deficit		 Para 1.24 No funds in deficit
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 N/A

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 Para 1.46 objectives including any

social investment policy
adopted
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 Trust deed dated 17 October 2018
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)
Youmay choose toincludefurtherstatementswhererelevant about:
Policies and procedures
adopted for the induction
and training of trustees		 Para 1.51
The charity’s organisational
structure and anywider		 Para 1.51
network with which the
charity works
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 £7,132
(2024: £8,660) for trust administration and
during the year under review. These fees
are authorised under clause 6 of the trust
deed.
Other

Reference and Administrative details

Charity name The IMP Trust
Other name the charity uses None
Registered charity number 1180551
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		 Trustee name
Ludlow Trust
CompanyLimited
Maria Permain
Ian Reginald Permain		 Office (if any) Office (if any) Dates acted if not for whole
year		 Dates acted if not for whole
year		 Name of person (or body) entitled
to appoint trustee(if any)
Corporate trustees–names of the directors at the date the report was approved
Director name
GarySt John Collins
Walter Duncan Coxon
Ali Reza Sarikhani
Ziba Christina Sakine
Sarikhani

Christopher Ian Thurlow
Matthew John Wickers
John Stephen Dennis
(Resigned 25/10/2024)
Director name
GarySt John Collins
Walter Duncan Coxon
Ali Reza Sarikhani
Ziba Christina Sakine
Sarikhani
Christopher Ian Thurlow
Matthew John Wickers
John Stephen Dennis (Resigned 25/10/2024)

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		 N/A
Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects		 N/A
Details of arrangements for
safe custody and
segregation of such assets
from the charity’s own assets		 N/A

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 Coutts & Co Coutts & Co, 440 Strand, London, WC2R
0QS
Bankers Coutts & Co Coutts & Co, 440 Strand, London, WC2R
0QS
Accountants Charter Tax Consulting
Limited		 8th Floor, 1 Southampton St, London
WC2R 0LR
Independent Examiner Katie Wilson 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) Joanne Spiceley Position (eg Secretary, On behalf of Ludlow Trust Chair, etc) Company Ltd (Trustee) Date 26 March 2026

The IMP Trust 1180551
Receipts andpayments accounts CC16a
For the period
from		 17/10/2024
Period start date		 To 16/10/2025
Period end date
Section A Receipts and payments Section A Receipts and payments
A1 Receipts Unrestricted
funds
to the nearest £
19,021
3,560
-
-
-
22,581
-
-
-
22,581
138,500
-
6,995
136
600
600
-
146,831
-
-
-
146,831
- 124,250
126,172
20,555
22,477		 Restricted
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Endowment
funds
to the nearest £
-
-
192,690
48,173
-
240,863
418,993
-
418,993
659,856
-
5,796
-
-
-
-
-
5,796
564,640
-
564,640
570,436
89,420
- 126,172
61,426
24,674		 Total funds
to the nearest £
19,021
3,560
192,690
48,173
-
263,444
418,993
-
418,993
682,437
138,500
5,796
6,995
136
600
600
-
152,627
564,640
-
564,640
717,267
- 34,830
-
81,981
47,151		 Last year
to the nearest £
Income From Investments 19,021 26,990
Interest Received 3,560 3,614
Addition From Settlors - 150,000
HMRC Gift Aid - 37,500
- -
Sub total(Gross income for
AR)		 22,581 218,104
A2 Asset and investment sales,
(see table).
Sale Of Investments - 967,688
- -
Sub total - 967,688
Total receipts
A3 Payments
1,185,792
Grants Awarded 138,500 88,733
Investment Manager Fees - 5,723
Trust Administration Fees 6,995 8,551
Cash Management Fees 136 109
AccountancyFees 600 -
Independent Examination Fees 600 -
- -
**Sub total ** 146,831 103,116
A4 Asset and investment
purchases, (see table)
Investment Purchases - 1,103,707
-
**Sub total ** - 1,103,707
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
1,206,823
- 124,250 - 89,420 - 34,830 - 21,031
126,172 - 126,172 - -
20,555 61,426 81,981 103,012
22,477 - 24,674 47,151 81,981

CCXX R1 accounts (SS)

26/03/2026

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
B1 Cash funds
B2 Other monetary assets
B4 Assets retained for the
charity’s own use
B5 Liabilities
B3 Investment assets		 Capital Account
Income Account
Details
Total cash funds
(agree balances with receipts and payments
account(s))
Details
Details
Investment Portfolio
Details
Details		 Unrestricted
funds
to nearest £
-
22,477
-
22,477
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 £
24,674
-
-
24,674
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
1,380,575
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
-
-
-
-

Signed by one or two trustees on behalf of all the trustees

Signature

Date of Print Name approval Joanne Spiceley on behalf of Ludlow 26 March 2026 Trust Company Ltd (Trustee)

CCXX R2 accounts (SS)

26/03/2026

2

Independent Examiner's Report to the Trustees of The IMP Trust

I report to the charity trustees on my examination of the accounts of the charity for the year ended 16 October 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.

Katie Wilson FCA Date 26 March 2026 Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY