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2025-01-07-accounts

Trustees’ Annual Report for the period

From 08/01/2024 To 07/01/2025

Charity name: The Tor Trust Charity registration number: 1187325

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.
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 grants totalling £5,000 to the following
charities:

Tommy’s Preterm Birth Research
Centre

The St Peter and St James Hospice

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 of £55,920 (2024:
£36,447).
In addition to the free reserves the charity
has bank balances of £13,912 (2024:
£9,473)
and
investments
valued
at
£973,500 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
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 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

Description of charity’s
trusts:
Type of governing document Para 1.25 Trust deed dated 7thJanuary 2020
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 existing
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 Limited was paid
£8,120
(2024:
£7,195)
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 Tor Trust
Other name the charity uses
Registered charity number 1187325
Charity’s principal address Ludlow Trust Company Limited
First Floor, 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
Lisa Welton
Stephen Frank
Welton

– 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 October 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 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 Coutts & Co 440 Strand, London, WC2R 0QS
Bankers Coutts & Co 440 Strand, London, WC2R 0QS
Accountants Charter Tax Consulting
Ltd		 8th Floor, 1 Southampton Street, London,
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)
Position (eg Secretary,
Chair, etc)
Date
Alexander Mulroe

On behalf of Ludlow Trust
Company Limited (Trustee)

05 November 2025

05 November 2025

TRUST NAME CHARITY NO The Tor Trust 1187325 Receipts and payments accounts CC16a For the period Period start date Period end date To from 08/01/2024 07/01/2025

Section A Receipts and payments

A1 Receipts Unrestricted
funds
to the nearest £
22,609
2,462
-
-
-
-
-
-
25,071
-
-
-
25,071
5,000
-
8,034
86
-
-
-
-
-
13,120
-
-
-
13,120
11,951
7,522
36,447
55,920		 Restricted
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Endowment
funds
to the nearest £
-
-
-
-
-
-
-
-
830,366
-
830,366
830,366
-
4,257
-
-
-
-
-
-
-
4,257
814,148
-
814,148
818,405
11,961
- 7,522
9,473
13,912		 Total funds
to the nearest £
22,609
2,462
-
-
-
-
-
-
25,071
830,366
-
830,366
855,437
5,000
4,257
8,034
86
-
-
-
-
-
17,377
814,148
-
814,148
831,525
23,912
-
45,920
69,832		 Last year
to the nearest £
Income from investments 22,609 20,514
Income from bank interest 2,462 810
- -
- -
- -
- -
- -
- -
Sub total(Gross income for
AR)		 25,071 21,324
A2 Asset and investment sales,
(see table).
Sale of investments - 429,145
- -
Sub total - 429,145
Total receipts
A3 Payments
450,469
Charitable Payments 5,000 -
Investment Management Fees + VAT - 3,976
Trust Administration Fees + VAT 8,034 7,158
Cash Management Fee 86 37
- -
- -
- -
- -
- -
**Sub total ** 13,120 11,171
A4 Asset and investment
purchases, (see table)
Investmentpurchases - 431,306
- -
**Sub total ** - 431,306
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
442,477
11,951 - 11,961 23,912 7,992
7,522 - - 7,522 - -
36,447 - 9,473 45,920 37,928
55,920 - 13,912 69,832 45,920

CCXX R1 accounts (SS)

03/11/2025

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 Endowment
funds
to nearest £
13,912
-
-
13,912
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
973,500
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
Date of
approval
05 November 2025
Categories
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
B1 Cash funds		 Details
Coutts Investment portfolio
Details
Details
Details
Total cash funds
(agree balances with receipts and payments
account(s))
Details
Capital account
Income account
Signature		 Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
-
-
55,920
-
-
-
55,920
-
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
Alexander Mulroe on behalf of Ludlow
Trust CompanyLimited(Trustee)
Date of
approval
Alexander Mulroe on behalf of Ludlow
Trust CompanyLimited(Trustee)		 05 November 2

CCXX R2 accounts (SS)

03/11/2025

2

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

I report to the charity trustees on my examination of the accounts of the charity for the year ended 07 January 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 Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY

Date

05 November 2025