## **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.|||
|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.|||
|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|||
|Performance of fundraising
activities against objectives
set
Para 1.41|||
|Investment performance
against objectives
Para 1.41|||
|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|||
|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:|||
|Type of governing document
Para 1.25
Trust Deed 17thDecember 2021|||
|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:
|**Additional information (optional)**
Youmay choose toincludefurtherstatementswhererelevant about:|**Additional information (optional)**
Youmay choose toincludefurtherstatementswhererelevant about:|**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 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
£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.|||
|Other|||
## **Reference and Administrative details**
|**Reference and Administrative details**|**Reference and Administrative details**|
|---|---|
|Charity name
The Kebony Charitable Trust||
|Other name the charity uses||
|Registered charity number
1197657||
|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:
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 Date 15 October 2025 Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY