Trustees’ Annual Report for the period
From 18/12/2023 To 17/12/2024
Charity name: The Kebony Charitable Trust Charity registration number: 1197657
Objectives and Activities
| Objectives and Activities | Objectives and Activities | 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. |
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| 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. In determining the charity’s activities the trustees have had regard to the Charity Commission’s guidance on public benefit. |
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| 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
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SORP reference
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| Achievements and Performance | Achievements and Performance | 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 £20,000 to the following charity: Born Free Foundation |
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: |
Additional information (optional) You may choose to include further statements where relevant about: |
|---|---|---|
| Achievements against objectives set Para 1.41 |
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| Performance of fundraising activities against objectives set Para 1.41 |
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| Investment performance against objectives Para 1.41 |
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| Other |
Financial Review
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Review of the charity’s Para 1.21 At the end of the reporting period the charity
financial position at the end had free reserves of £7,310 (2023: £905)
of the period
In addition to the free reserves the charity
has bank balances of £411,195 (2023:
£415,040) and investments valued at £0
within the expendable endowment fund
which can be released to support the
activities of the charity.
Statement explaining the Para 1.22 The Trustees pursue a policy of maintaining
policy for holding reserves a free reserve available to be spent in the
furtherance of the charity’s objectives as
stating why they are held
well as covering future needs, opportunities,
contingencies and risks.
Amount of reserves held Para 1.22
Reasons for holding zero Para 1.22
reserves
Details of fund materially in Para 1.24
deficit
Explanation of any Para 1.23
uncertainties about the
charity continuing as a going
concern
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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
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 |
social investment policy adopted Para 1.46 |
social investment policy adopted Para 1.46 |
|---|---|---|
| A description of the principal risks facing the charity Para 1.46 |
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| 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
| Structure, Governance and Management | Structure, Governance and Management | Structure, Governance and Management |
|---|---|---|
| Description of charity’s trusts: |
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| Type of governing document Para 1.25 Trust Deed 17thDecember 2021 |
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| How is the charity constituted? Para 1.25 Trust |
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| 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:
| Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant about: |
Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant about: |
Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant about: |
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| Policies and procedures adopted for the induction and training of trustees Para 1.51 |
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| The charity’s organisational structure and any wider network with which the charity works Para 1.51 |
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| 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 £3,900 (2023: £3,780) for trust administration services during the year under review. These fees are authorized under clause 9 of the trust deed. |
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| Other |
Reference and Administrative details
| Reference and Administrative details | Reference and Administrative details |
|---|---|
| Charity name The Kebony Charitable Trust |
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| Other name the charity uses | |
| Registered charity number 1197657 |
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| 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
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Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
Ludlow Trust
1
Company Ltd
2 Michael Hilton
3 Jessica Jane Hilton
4 Lauren Anna Hilton
5 Wendy Jane Hilton
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
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– 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 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
Funds held as custodian trustees on behalf of others
Additional information (optional)
Names and addresses of advisers (Optional information)
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Type of adviser Name Address
Investment Managers
Bankers
Accountants Charter Tax Consulting 8 [th] Floor, 1 Southampton Street, London,
Limited WC2R 0LR
Independent Examiner Geoffrey Frost Blue Spire Limited, Cawley Priory, South
Pallant, Chichester, PO19 1SY
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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) Monica Brown Position (eg On behalf of Ludlow Trust Company Secretary, Chair, etc) Limited (Trustee) Date 13 October 2025
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TRUST NAME CHARITY NO
The Kebony Charitable Trust 1197657
Receipts and payments accounts CC16a
For the period Period start date Period end date
To
from 18/12/23 17/12/24
Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds Last year
funds funds funds
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Income from Interest 26,317 - - 26,317 3,133
- - - - -
- - - - -
- - - - -
Sub total (Gross income for
AR) [ 26,317 ] - - 26,317 3,133
A2 Asset and investment sales,
(see table).
Sale of investments - - - - -
- - - - -
Sub total - - - - -
Total receipts 26,317 - - 26,317 3,133
A3 Payments
Charitable Payments 20,000 - - 20,000 82,000
Trust Administration Fees + VAT 3,523 - - 3,523 3,744
Cash Management Fee 377 - - 377 36
Bank Charges - - - - 12
- - - - -
- - - - -
- - - - -
Sub total [ 23,900 ] - - 23,900 85,792
A4 Asset and investment
purchases, (see table)
Investment purchases - - - - -
- - - - -
Sub total [ - ] - - - -
Total payments 23,900 - - 23,900 85,792
Net of receipts/(payments) 2,417 - - 2,417 - 82,659
A5 Transfers between funds 3,988 - - 3,988 - -
A6 Cash funds last year end 905 415,184 416,089 498,748
Cash funds this year end 7,310 - 411,196 418,506 416,089
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CCXX R1 accounts (SS)
10/10/2025
1
Section B Statement of assets and liabilities at the end of the period
| 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 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 £ - - 7,310 - - - 7,310 - 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 Monica Brown on behalf of Ludlow Trust Company Limited |
Endowment funds to nearest £ 411,196 - - 411,196 OK Endowment funds to nearest £ - - - - - - Current value (optional) - - - - - Current value (optional) - - - - - - - - - When due (optional) Date of approval 13 October 2025 |
|---|---|---|---|
Signed by one or two trustees on behalf of all the trustees
CCXX R2 accounts (SS)
10/10/2025
2
Independent Examiner's Report to the Trustees of The Kebony Charitable Trust
I report to the charity trustees on my examination of the accounts of the charity for the year ended 17 December 2024.
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:
- 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 15 October 2025 Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY