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2025-11-15-accounts

Trustees’ Annual Report for the period

From 16 November 2024 To 15 November 2025

Charity name: The Geoffrey Owen Deceased Charitable Trust Charity registration number: 1198473

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 The objects of the Trust are to pay the income
of the residuary estate of Geoffrey Owen
held on trust to Microscopical Club (now known
as Quekett Microscopical
Club)
registered
charity 232473.
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
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 to the following charity totalling £.
•
Quekett
Microscopical
Club
-
£31,645.80

Additional information (optional)

You may choose to include further statements where relevant about:

Achievements against Para 1.41 objectives set Performance of fundraising Para 1.41 activities against objectives set Investment performance Para 1.41 against objectives Other

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 In addition to the free reserves the charity has
bank balances of £8,784 (2024: £11,933) and
investments valued at £1,632,102 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 At the end of the reporting period the charity had
free reserves of £6,546 (2024: £6,779).
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 Para 1.47 sources of funds (including any fundraising) Investment policy and Para 1.46 objectives including any social investment policy adopted A description of the principal Para 1.46 risks facing the charity

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 The trust is governed by the terms of the Will
dated 24 May 1988. The settlor died on 30
July 2010 and probate was granted on 27
September 2010.
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 under the terms set out
in the Will dated 24 May 1988.
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:
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 Ltd was paid £10,367
(2024: £10,100) for trust administration and
cash management fees during the year under
review. These fees are authorised under
clause 2 of the will.
Other

Reference and Administrative details

Charity name The Geoffrey Owen Deceased Charitable Trust
Other name the charity uses None
Registered charity number 1198473
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		 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
CompanyLimited

– 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		 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 NatWest 2ndFloor, Trinity Quay II, Avon Street,
Bristol, BS2 2DH
Bankers NatWest 2ndFloor, Trinity Quay II, Avon Street,
Bristol, BS2 2DH
Accountants Charter Tax Consulting
Limited		 8th Floor, 1 Southampton St, London
WC2R 0LR
Independent Examiner James O’Rourke 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
Chris Thurlow

On behalf of Ludlow Trust
Company Limited (Trustee)

31 March 2026

31 March 2026
The Geoffrey Owen Deceased Charitable Trust The Geoffrey Owen Deceased Charitable Trust The Geoffrey Owen Deceased Charitable Trust 1198473 1198473 CC16a
For the period
from		 16/11/2024
Period start date		 To 15/11/2025
Period end date
Section A Receipts and payments
A1 Receipts Unrestricted
funds
to the nearest £
30,976
874
-
31,850
-
-
-
31,850
31,646
-
10,347
600
20
600
-
43,213
-
-
-
43,213
- 11,363
11,130
6,779
6,546		 Restricted
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Endowment
funds
to the nearest £
-
-
-
-
526,539
-
526,539
526,539
-
7,224
-
-
-
-
-
7,224
511,334
-
511,334
518,558
7,981
- 11,130
11,933
8,784		 Total funds
to the nearest £
30,976
874
-
31,850
526,539
-
526,539
558,389
31,646
7,224
10,347
600
20
600
-
50,437
511,334
-
511,334
561,771
- 3,382
-
18,712
15,330		 Last year
to the nearest £
Income From Investments 30,976 38,878
Interest Received 874 1,232
- -
Sub total(Gross income for
AR)		 31,850 40,110
A2 Asset and investment sales,
(see table).
Sale Of Investments - 1,187,311
- -
Sub total - 1,187,311
Total receipts
A3 Payments
1,227,421
Grants Awarded 31,646 40,904
Investment Manager Fees - 6,791
Trust Administration Fees 10,347 10,077
Independent Examiners Fees 600 780
Cash Management Fees 20 23
Accountancy 600 -
- -
**Sub total ** 43,213 58,575
A4 Asset and investment
purchases, (see table)
Investment Purchases - 1,170,158
-
**Sub total ** - 1,170,158
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
1,228,733
- 11,363 - 7,981 - 3,382 - 1,312
11,130 - 11,130 - -
6,779 11,933 18,712 20,024
6,546 - 8,784 15,330 18,712

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
B1 Cash funds
B2 Other monetary assets
B4 Assets retained for the
charity’s own use
B5 Liabilities
B3 Investment assets		 Capital Account
Income Account
Details
Total cash funds
(agree balances with receipts and payments
account(s))
Details
Details
Investment Portfolio
Details
Details		 Unrestricted
funds
to nearest £
-
6,546
-
6,546
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 £
8,784
-
-
8,784
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
1,632,102
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
-
-
-
-

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

Signature

Date of Print Name approval 31 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 Geoffrey Owen Deceased Charitable Trust

I report to the charity trustees on my examination of the accounts of the charity for the year ended 15 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 Date 01 April 2026 Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY