||**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
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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 (Estera.Rzepus@ludlowtrust.com) Status: Signed Transaction ID: CBJCHBCAABAA435lV8SE3v0-6ZFw_NHJicu0_8XQg-it ## "2025-04-22Hubbard-Accounts" History Document created by Estera Rzepus (Estera.Rzepus@ludlowtrust.com) 2025-04-22 - 8:25:30 AM GMT Document emailed to David Breach (david.breach@ludlowtrust.com) for signature 2025-04-22 - 8:25:34 AM GMT Email viewed by David Breach (david.breach@ludlowtrust.com) 2025-04-22 - 9:32:33 AM GMT Document e-signed by David Breach (david.breach@ludlowtrust.com) Signature Date: 2025-04-22 - 9:34:00 AM GMT - Time Source: server ## Agreement completed. 2025-04-22 - 9:34:00 AM GMT