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2025-01-20-accounts

Trustees’ Annual Report for the period

From 21/01/2024 To 20/01/2025

Charity name: 2104 Charity Foundation Charity registration number: 1187902

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 totaling £123,080 to the
following charities:

Leeds Hospitals Charity

Homeless Street Angels

Macmillan Cancer Support

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 £3,546
(2024:
£25,961).
In addition to the free reserves the charity
has bank balances of £7,214 (2024:
£60,468)
and
investments
valued
at
£538,771 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 Expendable endowment funds are those which are required to be invested to produce Other 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 20thJanuary 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
£5,157
(2024:
£4,997)
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 2104 Charity Foundation
Other name the charity uses
Registered charity number 1187902
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(if any)
Ludlow Trust
CompanyLtd
Gillian Hayes
Richard John Hayes

– Corporate trustees names of the directors at the date the report was approved

Director name
Gary Collins
Walter Coxon
Ali Sarikhani
Ziba Sarikhani
Christopher Thurlow
Matthew Wickers
John 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
Connor Bunney

On behalf of Ludlow Trust
Company Limited (Trustee)

19 November 2025

19 November 2025
2104 Charity Foundation
TRUST NAME		 2104 Charity Foundation
TRUST NAME		 2104 Charity Foundation
TRUST NAME		 1187902
CHARITY NO		 1187902
CHARITY NO		 CC16a
For the period
from		 21/01/2024
Period start date		 To 20/01/2025
Period end date
Section A Receipts and payments
A1 Receipts Unrestricted
funds
to the nearest £
10,930
3,309
-
-
-
14,239
-
-
-
14,239
123,080
-
5,044
113
-
-
-
-
128,237
-
-
-
128,237
- 113,998
91,583
25,961
3,546		 Restricted
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Endowment
funds
to the nearest £
-
-
-
-
-
-
485,222
-
485,222
485,222
-
3,058
-
-
-
-
-
-
3,058
443,835
-
443,835
446,893
38,329
- 91,583
60,468
7,214		 Total funds
to the nearest £
10,930
3,309
-
-
-
14,239
485,222
-
485,222
499,461
123,080
3,058
5,044
113
-
-
-
-
131,295
443,835
-
443,835
575,130
- 75,669
-
86,429
10,760		 Last year
to the nearest £
Income from investments 10,930 16,161
Income from Interest 3,309 2,369
- -
- -
- -
Sub total(Gross income for
AR)		 14,239 18,530
A2 Asset and investment sales,
(see table).
Sale of investments - 257,646
- -
Sub total - 257,646
Total receipts
A3 Payments
276,176
Charitable Payments 123,080 10,207
Investment Management Fees + VAT - 1,926
Trust Administration Fees + VAT 5,044 4,859
Cash Management Fee 113 138
- -
- -
- -
- -
**Sub total ** 128,237 17,130
A4 Asset and investment
purchases, (see table)
Investmentpurchases - 260,659
- -
**Sub total ** - 260,659
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
277,789
- 113,998 - 38,329 - 75,669 - 1,613
91,583 - - 91,583 - -
25,961 - 60,468 86,429 88,042
3,546 - 7,214 10,760 86,429

CCXX R1 accounts (SS)

18/11/2025

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
Categories
Signed by one or two trustees on

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 £
-
-
3,546
-
-
-
3,546
-
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		 Endowment
funds
to nearest £
7,214
-
-
7,214
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
538,771
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
Date of
approval
19 November 2

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

Date of Print Name approval Connor Bunney on behalf of Ludlow 19 November 2025 Trust Company Limited (Trustee)

Signature

CCXX R2 accounts (SS)

18/11/2025

2

Independent Examiner's Report to the Trustees of 2104 Charity Foundation

I report to the charity trustees on my examination of the accounts of the charity for the year ended 20 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 20 November 2025