2024-11-21-accounts

	Smith & Hubbard Family Trust	Smith & Hubbard Family Trust	Smith & Hubbard Family Trust	1206039	1206039	CC16a
	For the period from	22.11.2023 Period start date	To		21.11.2024 Period end date
Section A Receipts and payments
A1 Receipts	Unrestricted funds to the nearest £ 1,400 30,652 - - - - - - 32,052 - - - 32,052 10,000 - 13,389 - 1,195 12 - - - 24,596 - - - 24,596 7,456 13,401 - 20,857	Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Endowment funds to the nearest £ - - 2,561,010 639,500 - - - - 3,200,510 1,628 - 1,628 3,202,138 - 76 - - - - - - - 76 358,010 358,010 358,086 2,844,052 - 13,401 - 2,830,651		Total funds to the nearest £ 1,400 30,652 2,561,010 639,500 - - - - 3,232,562 1,628 - 1,628 3,234,190 10,000 76 13,389 - 1,195 12 - - - 24,672 358,010 - 358,010 382,682 2,851,508 - - 2,851,508	Last year to the nearest £
Income from investments	1,400					-
Interest received	30,652					-
Additions to trust	-					-
Gift Aid	-					-
	-					-
	-					-
	-					-
	-					-
Sub total(Gross income for AR)	32,052					-
A2 Asset and investment sales, (see table).
Sale of investments	-					-
	-					-
Sub total	-					-
Total receipts A3 Payments
						-
Grants awarded	10,000					-
Investment manager fees (Including VAT)	-					-
Trust Administration fees (including VAT)	13,389					-
Independent Examiners fees	-					-
Cash management fee	1,195					-
Bank charges	12					-
	-					-
	-					-
	-					-
**Sub total **	24,596					-
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
						-
	7,456	-	2,844,052		2,851,508	-
	13,401		- 13,401		-	-
	-		-		-	-
	20,857	-	2,830,651		2,851,508	-

CCXX R1 accounts (SS)

16/04/2025

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
Categories Signed by one or two trustees on behalf of all the trustees B1 Cash funds B2 Other monetary assets B4 Assets retained for the charity’s own use B5 Liabilities B3 Investment assets	Signature Details Details Capital account Income account Details Details Total cash funds (agree balances with receipts and payments account(s)) Details Investment portfolio	Unrestricted funds Restricted funds to nearest £ to nearest £ - - 20,857 - - - 20,857 - 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 on behalf of Ludlow Trust Company Limited	Endowment funds to nearest £
			2,830,651
			-
			-
			2,830,651
			OK
			Endowment funds to nearest £
			-
			-
			-
			-
			-
			-
			Current value (optional)
			-
			-
			-
			-
			-
			Current value (optional)
			-
			-
			-
			-
			-
			-
			-
			-
			-
			When due (optional)
			Date of approval
		on behalf of Ludlow Trust Company Limited

CCXX R2 accounts (SS)

16/04/2025

2

Trustees’ Annual Report for the period

From 22 November 2023 To 21 November 2024

Charity name: Smith & Hubbard Family Trust Charity registration number: 1206039

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 charity are to further such exclusively charitable purposes according to the laws of England and Wales in any part of the world as the Trustees may in their 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

----- Start of picture text -----
Policy on grant making
Para 1.38
Policy on social investment
including program related Para 1.38
investment
Contribution made by
volunteers Para 1.38
Other
----- End of picture text -----

Achievements and Performance

SORP reference Summary of the main During the year under review the charity achievements of the charity, made one grant of £10,000 to James’ Place identifying the difference the charity. charity’s work has made to the circumstances of its beneficiaries and any wider Para 1.20 benefits to society as a whole.

Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant about:	Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant about:	Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant 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

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	At the end of the reporting period the charity had free reserves of £20,857. In addition to the free reserves the charity has bank balances of £2,830,651 and investments valued at £390,300 within the expendable endowment fund.
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 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

Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant about:	Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant about:	Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant 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 (trust deed, royal charter)	Para 1.25	Trust deed dated 22 November 2023
How is the charity constituted? (e.g unincorporated association, CIO)	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 settlor during his lifetime after which trustees may be appointed by existing trustees.
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 nor reimbursed any expenses in the year under review.

During the year Ludlow Trust Company were paid fees for trust administration services of £13,389. These fees are authorised under clause 9.2 of the trust deed. Other

Reference and Administrative details

Charity name	Smith and Hubbard Family Trust
Other name the charity uses
Registered charity number	1206039
Charity’s principal address	Trustees Department 1stFloor, Tower Wharf Cheese Lane, Bristol BS2 0JJ

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	Trustee name	Office (if any)	Dates acted if not for whole **year **	Name of person (or body) entitled to appoint trustee (ifany)
	Peter Robert Gerard Smith	Settlor
	Philipa Carwen Jane Smith
	Ludlow Trust CompanyLimited

– Corporate trustees names of the directors at the date the report was approved

Director name

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

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	Coutts & Co	440 The Strand, London, WC2R 0QS
Bankers	Coutts & Co	440 The Strand, London, WC2R 0QS
Accountants	KJF Accounting Limited	17 Sheringham Avenue, Southgate, London, N14 4UB

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) on behalf of Ludlow Trust Company Limited Position (eg Secretary, Chair, etc) Date

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examine￿$ Report Report to the trusteesl members of Smith & Hubbard Family Trust On accounts for the year ended 21" November 2024 Charity no (if any} 1206039 Set out on pages 1to2 I report to the trustees on my examination of the accounts of the above charity 1.the Trusl") forthe year ended 21s1 November 2024. Responsibilities and As the charity trustees of Ihe Trusl, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (kne Acr). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carying oul my examination, I have followed the applicable Diredions given by the Charity Commission under section 145(5}{b) of the Act. I have completed my examination. I confim that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any matenal respect: accounting records V￿re not kept in accordance wth section 130 of the Act or the accounts do not accord wth the accounting records Independent examiner's statement I have no concems and have come across no other matters in connection with the exarnination to which attenb'on should be drawn in order to enable a proper understanding of the accounls to be reached. Signed: Date: Name: Mr Keith Felton Relevant professional ACCA qualification{sl or body (if any)- Addre55: KJF Acwunting Ltd. 17 Sheringham Avenue. Southgate, London N14 4UB Section B Disclosure Only complete ifthe examiner needs to highlighl matters of concem Isee CC32, Independent examination of charity accounts.. directions and guidance for examiners). IER October 2018

Glve here brlef detslls of any items that the exarninerwlshes to disclose. IER October 2018

2025-04-22Hubbard-Accounts

Final Audit Report

2025-04-22

Created: 2025-04-22 By: Estera Rzepus ([e-mail]) Status: Signed Transaction ID: CBJCHBCAABAA435lV8SE3v0-6ZFw_NHJicu0_8XQg-it

"2025-04-22Hubbard-Accounts" History

Document created by Estera Rzepus ([e-mail])

2025-04-22 - 8:25:30 AM GMT

Document emailed to David Breach ([e-mail]) for signature 2025-04-22 - 8:25:34 AM GMT

Email viewed by David Breach ([e-mail]) 2025-04-22 - 9:32:33 AM GMT

Document e-signed by David Breach ([e-mail]) Signature Date: 2025-04-22 - 9:34:00 AM GMT - Time Source: server

Agreement completed.

2025-04-22 - 9:34:00 AM GMT