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2025-05-17-accounts

Trustees’ Annual Report for the period

From 18/05/2024 To 17/05/2025

Charity name: The Sheila Carr Foundation Charity registration number: 1203897

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 To hold the capital and income upon trust to
apply the income and all or such parts of the
capital at such time or times and in such a
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.
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 No grants were awarded during the period.

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 £93,000 (2024:
£55,571) and property valued at £7,862,000
within generates rental income for 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 £65,751 (2024:
£18,171.
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:		 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:
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
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 Trust deed dated 18thMay 2023
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)
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 During the period, trustees were reimbursed
for expenses they incurred in relation to
trust activities of £145; this is authorised
under clause 3 of the will. There was also
the sum of £100,000 added into the trust
from the administration of the Settlor’s
Estate
The total of £24,328 (2024: £5,516) was
paid to Ludlow Trust Company limited in
relation
to
administration
fees,
cash
management charges and set up fees.
Other

Reference and Administrative details

Charity name The Sheila Carr Foundation
Other name the charity uses None
Registered charity number 1203897
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		 Trustee name
Richard Frederick
Adkinson
Ludlow Trust
CompanyLTD		 Office (if any) Office (if any) Dates acted if not for whole
year		 Dates acted if not for whole
year		 Name of person (or body) entitled
to appoint trustee(if any)
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 Christine Sakine
Sarikhani
Christopher Ian Thurlow
Matthew John Wickers
John Stephen Dennis (Resigned)- 25/10/2024

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year
Richard Frederick Adkinson
Ludlow Trust Company Ltd

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
Bankers
Accountants Charter Tax Consulting
Limited		 8th Floor, 1 Southampton Street, London,
United Kingdom, 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) Katie Forder Position (eg Secretary, On behalf of Ludlow Trust Chair, etc) Company Ltd (Trustee) Date 11 March 2026

The Sheila Carr Foundation 1203897 Receipts and payments accounts CC16a For the period Period start date Period end date To from 18/05/2024 17/05/2025

Section A Receipts and payments

A1 Receipts Unrestricted
funds
to the nearest £
44,377
3,374
-
-
47,751
-
-
-
47,751
1,800
22,357
171
-
24,328
-
-
24,328
23,423
24,157
18,171
65,751		 Restricted
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Endowment
funds
to the nearest £
100,000
-
-
-
100,000
-
-
-
100,000
-
740
-
-
37,529
145
38,414
-
-
38,414
61,586
- 24,157
55,571
93,000		 Total funds
to the nearest £		 Last year
to the nearest £
Rental income 44,377 44,377 18,149
From the administration of the Settlor’s
Estate		 100,000 67,172
Incomefrombank interest 3,374 3,374 26
- - -
- - -
Sub total(Gross income for AR) 47,751 147,751 85,347
A2 Asset and investment sales, (see
table).
Sale of investments - -
- - -
Sub total - - -
Total receipts
A3 Payments
147,751 85,347
Set upfee 1,800 1,800
Legal fees 740 1,854
Trust administration fees 22,357 22,357 5,512
Cash management charges 171 171 4
Propertyexpenses 37,529 4,107
Reimbursement of trustee expenses - 145 128
- -
**Sub total ** 24,328 62,742 11,605
A4 Asset and investment purchases,
(see table)
Investmentpurchases -
- -
**Sub total ** - - -
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
62,742 11,605
23,423 - 61,586 85,009 73,742
24,157 - 24,157 -
-
18,171 55,571 73,742
65,751 - 93,000 158,751 73,742

CCXX R1 accounts (SS)

11/03/2026

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 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
B4 Assets retained for the charity’s
own use
B2 Other monetary assets
B1 Cash funds		 Details
Details
Details
Total cash funds
(agree balances with receipts and payments
account(s))
Property
Details
Capital account
Income account
Details
Signature		 Unrestricted
funds
to nearest £
-
65,751
-
65,751
OK
Unrestricted
funds
to nearest £
-
-
-
-
-
-
Fund to which
asset belongs
Fund to which
asset belongs
Fund to which
liability relates		 Restricted
funds
Endowment
funds
to nearest £
to nearest £
- 93,000
- -
- -
- 93,000
OK
OK
Restricted
funds
Endowment
funds
to nearest £
to nearest £
- 7,862,000
- -
- -
- -
- -
- -
Cost (optional)
Current value
(optional)
-
- -
- -
- -
- -
Cost (optional)
Current value
(optional)
- -
- -
- -
- -
- -
- -
- -
- -
- -
Amount due
(optional)
When due
(optional)
-
-
-
-
Date of
approval
Print Name
Katie Forder on behalf of Ludlow Trust
CompanyLimited(Trustee)		 11 March 202
Print Name Date of
approval
Katie Forder on behalf of Ludlow Trust 11 March 2026
CompanyLimited(Trustee)

CCXX R2 accounts (SS)

11/03/2026

2

Independent Examiner's Report to the Trustees of The Sheila Carr Foundation

I report to the charity trustees on my examination of the accounts of the charity for the year ended 17 May 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

Date

11 March 2026