## **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