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2025-10-10-accounts

Trustees’ Annual Report for the period

From 11 October 2024 To 10 October 2025

Charity name: Wheeler Mill Foundation Charity registration number: 1205225

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 Para 1.38 including program related investment Contribution made by Para 1.38 volunteers 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 charities
totalling £59,000.
•
The Salvation Army
•
Farms for City Children Limited
•
Dogs Trust
•
Torbay Hospital League of Friends
•
British Heart Foundation
•
Marie Curie
•
Royal National Lifeboat Institution
•
Age UK
•
Alzheimer’s Society
•
Sunshine and Smiles Leeds Downs
Syndrome
•
Cornworthy Village Hall
•
St Lukes Hospice Plymouth
•
Midhurst Palliative Care CIO
•
The Friends of Holland Park
•
Childrens Hospice South West
•
Ocean Conservation Trust Ltd
•
Dartmoor Pony Heritage Trust
•
PCC
Ecclesiastical
Parish
of
Cornworthy
•
Rowcroft House Foundation Limited
•
Totnes Caring Ltd
•
Macmillan
Cancer
Support
Re
Plymouth
•
The Donkey Sanctuary for Sidmouth
•
Rainbow Centre For Conductive
Education
•
St Clement St Mark &St James
Norland PCC

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 £383,484 (2024:
£456,015) and investments valued at
£2,409,299
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 £73,533 (2024:
£27,040).
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) Additional information (optional) 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 Structure, Governance and Management and Management
Description of charity’s
trusts:
Type of governing document Para 1.25 Declaration of Trust Dated 10 October
2023
How is the charity Para 1.25 Trust
constituted?
Trustee selection methods Para 1.25 Trustees are appointed by the trustees from
including details of any time to time.
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
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 No trustee received any remuneration or
was reimbursed for any expenses in the
year under review.
Ludlow Trust Company Ltd was paid
£11,659
(2024:
£13,194)
for
trust
administration and cash management fees
during the year under review. These fees
are authorised under clause 9 of the trust
deed.
Other

Reference and Administrative details

Charity name Wheeler Mill Foundation
Other name the charity uses None
Registered charity number 1205225
Charity’s principal address Ludlow Trust Company Limited, Tower Wharf, Cheese
Lane, Bristol, BS2 0JJ

Names of the charity trustees who manage the charity

Trustee Name Office (If Any) Office (If Any) Dat acted for if not whole year Dat acted for if not whole year Name of person (or
body) entitled to appoint
trustee (if any)
Ludlow Trust
Company Limited
Catherine Mary
Wheeler
Catherine Taylor
Peter John Ogle
Wheeler
Corporate trustees–names of the directors at the date the report was approved
Director name
Gary St John Collins
Walter Duncan Coxon
Ali Sarikhani
Ziba Sarikhani
Christopher Ian Thurlow
Matthew John Wickers
John Dennis
Resigned 25 October 2024

Director name
Gary St John Collins
Walter Duncan Coxon
Ali Sarikhani
Ziba Sarikhani
Christopher Ian Thurlow
Matthew John Wickers
John Dennis Resigned 25 October 2024

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)

Type of adviser Name Address
Investment Managers Arbuthnot Latham & Co Arbuthnot House, 20 Finsbury
Circus,London EC2M 7EA
Bankers Arbuthnot Latham & Co Arbuthnot House, 20 Finsbury
Circus,London EC2M 7EA
Accountants Charter Tax Consulting
Limited		 8th Floor, 1 Southampton St,
London WC2R 0LR
Independent Examiner Katie Wilson 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
Yana Davies

On behalf of Ludlow Trust
Company Limited (Trustee)

26 March 2026

26 March 2026
Wheeler Mill Foundation Wheeler Mill Foundation Wheeler Mill Foundation 1205225 1205225 CC16a
For the period
from		 11/10/2024
Period start date		 To 10/10/2025
Period end date
Section A Receipts and payments
A1 Receipts Unrestricted
funds
to the nearest £
28,206
18,947
-
-
-


47,153
-
-
-
47,153
59,000
-
10,857
802
600
78
-
-
-
71,337
-
-
-
71,337
- 24,184
70,677
27,040
73,533		 Restricted
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Endowment
funds
to the nearest £
-
-
-
-
-
-
915,749
-
915,749
915,749
-
20,094
-
-
-
-
-
-
-
20,094
897,509
-
897,509
917,603
- 1,854
- 70,677
456,015
383,484		 Total funds
to the nearest £
28,206
18,947
-
-
-
47,153
915,749
-
915,749
962,902
59,000
20,094
10,857
802
600
78
-
-
-
91,431
897,509
-
897,509
988,940
- 26,038
-
483,055
457,017		 Last year
to the nearest £
Income From Investments 28,206 11,132
Interest Received 18,947 16,517
Addition From Settlor - 2,524,613
HMRC Gift Aid - 92,500
- -
Sub total(Gross income for
AR)

47,153		 2,644,762
A2 Asset and investment sales,
(see table).
Sale Of Investments - 521,206
- -
Sub total - 521,206
Total receipts
A3 Payments
3,165,968
Grants Awarded 59,000 -
Investment Manager Fees - 5,935
Trust Administration Fees 10,857 12,585
Cash management Charges 802 609
AccountancyFees 600 -
Application Fee 78 -
Bank Charges - 12
Legal Fees - 480
- -
**Sub total ** 71,337 19,621
A4 Asset and investment
purchases, (see table)
Investment Purchases - 2,663,292
-
**Sub total ** - 2,663,292
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
2,682,913
- 24,184 - - 1,854 - 26,038 483,055
70,677 - 70,677 - -
27,040 456,015 483,055 -
73,533 - 383,484 457,017 483,055

CCXX R1 accounts (SS)

26/03/2026

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
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		 Unrestricted
funds
to nearest £
-
73,533
-
73,533
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 £
383,484
-
-
383,484
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
2,409,299
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
-
-
-
-

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

Signature

Date of Print Name approval Yana Davies on behalf of Ludlow Trust 26 March 2026 Company Limited (Trustee)

CCXX R2 accounts (SS)

26/03/2026

2

Independent Examiner's Report to the Trustees of Wheeler Mill Foundation

I report to the charity trustees on my examination of the accounts of the charity for the year ended 10 October 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.

Katie Wilson FCA Date 26 March 2026 Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY