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Smith & Hubbard Family Trust 1206039
Receipts and payments accounts CC16a
For the period Period start date Period end date
To
from 22/11/2024 21/11/2025
Section A Receipts and payments
Unrestricted Endowment
Restricted funds Total funds Last year
funds funds
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Income From Investments 8,126 - - 8,126 1,400
Interest Received 77,888 - - 77,888 30,652
Compensation 371 371 -
Additions to trust 766,000 766,000 2,561,010
Gift Aid - - 191,500 191,500 639,500
Sub total (Gross income for
86,385 - 957,500 1,043,885 3,232,562
AR)
A2 Asset and investment sales,
(see table).
Sale Of Investments - - 474 474 1,628
- - - - -
Sub total - - 474 474 1,628
Total receipts 86,385 - 957,974 1,044,359 3,234,190
A3 Payments
Grants Awarded 56,000 - - 56,000 10,000
Investment Manager Fees - - 473 473 76
Trust Administration Fees 19,048 - - 19,048 13,389
Independent Examiners Fees 180 - - 180 -
Cash Management Fees 1,491 - - 1,491 1,195
Bank Charges - 12
Accountancy 600 - - 600 -
Sub total [ 77,319 ] - 473 77,792 24,672
A4 Asset and investment
purchases, (see table)
Investment Purchases - - 641,053 641,053 358,010
- - - -
Sub total [ - ] - 641,053 641,053 358,010
Total payments 77,319 - 641,526 718,845 382,682
Net of receipts/(payments) 9,066 - 316,448 325,514 2,851,508
A5 Transfers between funds 5,161 - 5,161 - -
A6 Cash funds last year end 20,857 2,830,651 2,851,508 -
Cash funds this year end 35,084 - 3,141,938 3,177,022 2,851,508
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CCXX R1 accounts (SS)
20/05/2026
1
## **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
Per electronic approval
Capital Account
Income Account
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
**Details**
**Details**
Investment Portfolio
**Details**
**Details**|**Unrestricted**
**funds**
**Restricted funds**
**to nearest £**
**to nearest £**
**-**
**-**
**35,084**
**-**
**-**
**-**
**35,084**
**-**
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
Chris Thurlow on behalf of Ludlow Trust
Company Ltd|**Endowment**
**funds**
**to nearest £**
**3,141,938**
**-**
**-**|
|---|---|---|---|
||||**3,141,938**|
||||OK|
||||**Endowment**
**funds**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**Current value**
**(optional)**
**1,168,012**
**-**
**-**
**-**
**-**
**Current value**
**(optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**When due**
**(optional)**
Date of
approval
Per electronic
approval|
CCXX R2 accounts (SS)
20/05/2026
2
## **Trustees’ Annual Report for the period**
## **From 22/11/2024 To 21/11/2025**
**Charity name: Smith & Hubbard Family Trust Charity registration number: 1206039**
## **Objectives and Activities**
|**Objectives and Activities**|**Objectives and Activities**|**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. In determining
the charity’s activities, the trustees have had
regard to the Charity Commission’s guidance on
public benefit.|||
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18||
## **Additional information (optional)**
## You may choose to include further statements where relevant about:
|**Additional information (optional)**
Youmay choose toincludefurtherstatementswhererelevant about:|**Additional information (optional)**
Youmay choose toincludefurtherstatementswhererelevant about:|**Additional information (optional)**
Youmay choose toincludefurtherstatementswhererelevant 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**
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SORP reference
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|**Achievements and Performance**|**Achievements and Performance**|**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 £56,000.
Regenerate.Com
The Childhood Trust
Inner South West London
Samaritans
Red R UK
Epilepsy Society
Prostate Cancer UK
The Royal Opera House Covent
Garden Fnd|
## **Additional information (optional)**
You may choose to include further statements where relevant about:
|Youmay choose toincludefurtherstatementswhererelevant about:|Youmay choose toincludefurtherstatementswhererelevant about:|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**
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Review of the charity’s Para 1.21 At the end of the reporting period the charity
financial position at the end had free reserves of £35,084 (2024:
£20,857).
of the period
In addition to the free reserves the charity
has bank balances of £3,141,938 (2024:
£2,830,651) and investments valued at
£1,168,012 within the expendable
endowment fund which can be released to
support the activities of the charity.
Statement explaining the Para 1.22 The Trustees pursue a policy of maintaining
policy for holding reserves a free reserve available to be spent in the
furtherance of the charity’s objectives as
stating why they are held
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
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## **Additional information (optional)**
You may choose to include further statements where relevant about:
|Youmay choose toincludefurtherstatementswhererelevant about:|Youmay choose toincludefurtherstatementswhererelevant about:|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||
Expendable endowment funds are those which are required to be invested to produce Other 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**
|**Structure, Governance and Management**|**Structure, Governance and Management**|**Structure, Governance and Management**|
|---|---|---|
|Description of charity’s
trusts:|||
|Type of governing document
Para 1.25
Trust deed dated 22ndNovember 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 trustees from
time to time.|
|**Additional information (optional)**
Youmay choose toincludefurtherstatementswhererelevant about:|**Additional information (optional)**
Youmay choose toincludefurtherstatementswhererelevant about:|**Additional information (optional)**
Youmay choose toincludefurtherstatementswhererelevant 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 any expenses in the year
under review.
Ludlow Trust Company Ltd was paid
£20,539 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**
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Charity name Smith & Hubbard Family Trust
Other name the charity uses
Registered charity number 1206039
Charity’s principal address Ludlow Trust Co Ltd, Tower Wharf, Cheese Lane, Bristol,
BS2 0JJ
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**Names of the charity trustees who manage the charity**
|**Trustee name**|**Office (if any)**|**Dates acted if not for whole year**|**Name of person (or**
**body) entitled to**
**appoint trustee (ifany)**|
|---|---|---|---|
|Ludlow Trust
Company Limited||||
|Peter Robert Gerard
Smith||||
|Philipa Carwen Jane
Smith||||
– 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 Christina Sakine Sarikhani Christopher Ian Thurlow Matthew John Wickers
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)**
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Type of adviser Name Address
Investment Managers Coutts & Co 440 Strand, London, WC2R 0QS
Bankers Coutts & Co 440 Strand, London, WC2R 0QS
Accountants Charter Tax Consulting 8th Floor, 1 Southampton St, London
Limited WC2R 0LR
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**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)** Per electronic approval **Full name(s)** Chris Thurlow on behalf of Ludlow Trust Company Limited **Position (eg Secretary, Chair, etc) Date** Per electronic approval
**Document Activity Report**
**Document Sent** Wed, 20 May 2026 16:10:38 GMT **Document Approval Status** Approved **Approval Activity Summary** Chris Thurlow Approved Wed, 20 May 2026 16:14:29 GMT **Document Activity History** Document history shows most recent activity first **Date Activity** Wed, 20 May 2026 16:14:24 GMT Chris Thurlow viewed the document
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**Independent examiner's report on the accounts**
## **Section A Independent Examiner’s Report**
**Report to the trustees/** Charity Name **members of** Smith & Hubbard Family Trust **On accounts for the** 21[st] November 2025 **Charity no** 1206039 **period ended (if any) Set out on pages** Financial statements page 1 - 2 Trustee report page 2 - 10
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the period ended 21/11/2025.
- **Responsibilities and** As the charity trustees of the Trust, you are responsible for the preparation **basis of report** of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed 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 which gives me cause to believe that in, any material respect:
- accounting records were not kept in accordance with section 130 of the Act or
- the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
**Date:** 22/05/26 **Signed: Name:** Ian Rodd **Relevant professional** BSc FCA FCCA **qualification(s) or body (if any): Address:** TC Group Waverley House115-119 Holdenhurst Rd, Bournemouth BH8 8DY
1
**IER**
## **Section B Disclosure**
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
**Give here brief details of any items that the examiner wishes to disclose** .
n/a
2
**IER**