## **Trustees’ Annual Report for the period** ## **From 04/11/2024 To 03/11/2025** **Charity name: The Minekte Foundation Charity registration number: 1192552** ## **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 Charitable or exclusively charitable
purposes according to the laws of England and
Wales in any part of the world (Objects) as the
Trustees may in their 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 four
grants to the following charities totalling £77,000.

The Brilliant Club

Macmillan Cancer Support

The United Kingdom Committee for
UNICEF| ## **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** |**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 £7,125 (2024: £2,574).
In addition to the free reserves the charity has bank
balances of £489,028 (2024: £20,980) 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|£7,125| |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
sources of funds (including
anyfundraising)|Para 1.47|| |---|---|---| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|| |A description of the principal
risks facingthe 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 ofgoverningdocument|Para 1.25|Trust deed dated 3rdNovember 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 Settlor during his
lifetime and while he was mental capacity, and
subject to this by the trustees.| ## **Additional information (optional)** You may choose to include further statements where relevant about: |Policies and procedures
adopted for the induction
and trainingof trustees|Para 1.51|| |---|---|---| |The charity’s organisational
structure and any wider
network with which the
charityworks|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 Ltd was paid £4,199 (2024:
£3,472)
for
trust
administration
and
cash
management fees during the year under review.
These fees are authorised under clause 6 of the
trust deed.
During the year under review, £150,000 (2024:
£45,310) additions received from the settlor with
£39,202(2024: £9,625) gift aid claimed.| |Other||| ## **Reference and Administrative details** Charity name The Minekte Foundation |Other name the charity uses|N/A| |---|---| |Registered charity number|1192552| |Charity’s principal address|Ludlow Trust Company Ltd, Tower Wharf, Cheese Lane, Bristol,
BS2 0JJ| ## **Names of the charity trustees who manage the charity** |1
2
3|**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 trustee||| ||Michelle Curran|Settlor||| |||||| ## – Corporate trustees names of the directors at the date the report was approved **Director name** Gary St John Collins Walter Duncan Coxon Ali Reza Sarikhani Ziba Christina Sakine Sarikhani Christopher Ian Thurlow Matthew John Wickers Name of trustees holding title to property belonging to the charity |**Trustee name**|**Dates acted if not for whole year**|| |---|---|---| |N/A||| |||| ## **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|440 Strand, London, WC2R 0QS| |**Bankers**|Coutts & Co|440 Strand, London, WC2R 0QS| |**Accountants**|Charter Tax Consulting
Limited|8th Floor, 1 Southampton St, London
WC2R 0LR| |**Independent**
**Examiner**|James O’Rourke FCA|Blue Spire Limited, Cawley Priory, South
Pallant, Chichester, West Sussex, 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 N/A ## **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 Company **Chair, etc)** Limited (Trustee) **Date** 30 March 2026 ||**The Minekte Foundation**|**The Minekte Foundation**|**The Minekte Foundation**|**1192552**|**1192552**|**CC16a**| |---|---|---|---|---|---|---| ||**For the period**
**from**|04/11/2024
Period start date|**To**||03/11/2025
Period end date|| |||||||| |**Section A Receipts and payments**||||||| |**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest £**
**7,624**
**13,179**
**-**
**-**
**-**
**20,803**
**-**
**-**
**-**
**20,803**
**77,000**
**3,952**
**600**
**247**
**600**
**82,399**
**-**
**-**
**-**
**82,399**
**(61,596)**
**66,147**
**2,574**
**7,125**|**Restricted**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Endowment**
**funds**
**to the nearest £**
**-**
**-**
**150,000**
**39,202**
**-**
**189,202**
**344,993**
**-**
**344,993**
**534,195**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**534,195**
**(66,147)**
**20,980**
**489,028**||**Total funds**
**to the nearest £**
**7,624**
**13,179**
**150,000**
**39,202**
**-**
**210,005**
**344,993**
**-**
**344,993**
**554,998**
**77,000**
**3,952**
**600**
**247**
**600**
**82,399**
**-**
**-**
**-**
**82,399**
**472,599**
**-**
**23,554**
**496,153**|**Last year**
**to the nearest £**| |Income From Investments|**7,624**|||||**4,993**| |Interest Received|**13,179**|||||**7,602**| |Additions to trust|**-**|||||**45,310**| |Gift Aid|**-**|||||**9,625**| ||**-**|||||**-**| |**_Sub total_**_(Gross income for_
_AR)_|**20,803**|||||**67,530**| |||||||| |**A2 Asset and investment sales,**
**(see table).**||||||| |Sale Of Investments|**-**|||||**340,000**| ||**-**|||||**-**| |**_Sub total_**|**-**|||||**340,000**| |**_Total receipts_**
**A3 Payments**||||||| |||||||**407,530**| |||||||| |Grants Awarded|**77,000**|||||**102,709**| |Trust Administration Fees|**3,952**|||||**3,231**| |Independent Examiners Fees|**600**|||||**-**| |Cash Management Fees|**247**|||||**241**| |AccountancyFees|**600**|||||**600**| |**_Sub total_ **|**82,399**|||||**106,781**| |||||||| |**A4 Asset and investment**
**purchases, (see table)**||||||| |Investment Purchases|**-**|||||**684,993**| ||**-**|||||**-**| |**_Sub total_ **|**-**|||||**684,993**| |**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**||||||| |||||||**791,774**| |||||||| ||**(61,596)**|**-**|**534,195**||**472,599**|**(384,244)**| ||**66,147**|**-**|**(66,147)**||**-**|**-**| ||**2,574**|**-**|**20,980**||**23,554**|**407,798**| ||**7,125**|**-**|**489,028**||**496,153**|**23,554**| CCXX R1 accounts (SS) 30/03/2026 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**
**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 £**
**-**
**7,125**
**-**
**7,125**
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 £**| |||||**489,028**| |||||**-**| |||||**-**| |||||**489,028**| |||||OK| |||||**Endowment**
**funds**
**to nearest £**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**Current value**
**(optional)**| |||||| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**Current value**
**(optional)**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**When due**
**(optional)**| ||||**-**|| ||||**-**|| ||||**-**|| ||||**-**|| ||||**-**|| Signed by one or two trustees on behalf of all the trustees Signature Date of Print Name approval 30 March 2026 Chris Thurlow on behalf of Ludlow Trust Company Ltd (Trustee) CCXX R2 accounts (SS) 30/03/2026 2 ## **Independent Examiner's Report to the Trustees of The Minekte Foundation** I report to the charity trustees on my examination of the accounts of the charity for the year ended 3 November 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. James O’Rourke FCA Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY 30 March 2026 Date