OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-12-12-accounts

Trustees’ Annual Report for the period

From 13 December 2023 To 12 December 2024

Charity name: The Accomplishment Trust Charity registration number: 1206497

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 for the public
benefit to further such exclusively charitable
purposes according to the laws of England
and Wales in any part of the world (Objects)
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
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 During the year under review the charity
made grants totalling £65,000 to the
following charities:

Somerset Wildlife Trust

Devon Wildlife Trust

Park Ecovillage Trust

University of Exeter

Somerset Cricket Foundation

Additional information (optional)

You may choose to include further statements where relevant 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 £8,260.
In addition to the free reserves the charity
has bank
balances of £88,951 and
investments valued at £2,567,463 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
Reasons for holding zero
reserves		 Para 1.22
Details of fund materially in
deficit		 Para 1.24
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23

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 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

Description of charity’s
trusts:
Type of governing document Para 1.25 Trust deed dated 13 December 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 settlor during
their lifetime and while they have mental
capacity.
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 any expenses in the year
under review.
Ludlow Trust Company Limited was paid
£11,957 for trust administration services
and £2,420 for cash management services
during the year under review. These fees
are authorized under clause 9.2 of the trust
deed.
Other

Reference and Administrative details

Charity name The Accomplishment Trust
Other name the charity uses
Registered charity number 1206497
Charity’s principal address Ludlow Trust Co Ltd
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		 Trustee name Office (if any) Dates acted if not for whole
year		 Name of person (or body) entitled
to appoint trustee (ifany)
Alys Barber 01/10/2024
Sir Michael Bayldon
Barber
Ludlow Trust
CompanyLtd

19 20

– 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)

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

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
Stuart Robinson
On behalf of Ludlow Trust
Company Limited

16 October 2025

16 October 2025
The Accomplishment Trust The Accomplishment Trust The Accomplishment Trust 1206497 1206497 CC16a
For the period
from		 13/12/2023
Period start date		 To 12/12/2024
Period end date
Section A Receipts and payments
A1 Receipts Unrestricted
funds
to the nearest £
51,600
-
-
-
-
-


51,600
-
-
-
51,600
65,000
-
11,957
2,420
12
-
-
-
79,389
-
-
-
79,389
(27,789)
36,049
-
8,260		 Restricted
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Endowment
funds
to the nearest £
-
2,003,000
500,000
-
-
-
2,503,000
7,066
-
7,066
2,510,066
-
2,466
-
-
-
-
-
-
2,466
2,382,600
-
2,382,600
2,385,066
125,000
(36,049)
-
88,951		 Total funds
to the nearest £
51,600
2,003,000
500,000
-
-
-
2,554,600
7,066
-
7,066
2,561,666
65,000
2,466
11,957
2,420
12
-
-
-
81,855
2,382,600
-
2,382,600
2,464,455
97,211
-
-
97,211		 Last year
to the nearest £
Income from Interest 51,600 -
Addition to Trust - -
Gift Aid - -
- -
- -
- -
Sub total(Gross income for
AR)

51,600		 -
A2 Asset and investment sales,
(see table).
Sale of investments - -
- -
Sub total - -
Total receipts
A3 Payments
-
Charitable Payments 65,000 -
Investment Management Fees + VAT - -
Trust Administration Fees + VAT 11,957 -
Cash Management Fee 2,420 -
Bank Charges 12 -
- -
- -
- -
**Sub total ** 79,389 -
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
-
(27,789) - 125,000 97,211 -
36,049 - (36,049) - -
- - - - -
8,260 - 88,951 97,211 -

CCXX R1 accounts (SS)

16/10/2025

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 Endowment
funds
to nearest £
88,951
-
-
88,951
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
2,567,463
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
Date of
approval
16 October 2025
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
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 £
-
8,260
-
-
-
8,260
-
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
Stuart Robinson on behalf of Ludlow
Trust CompanyLimited
Date of
approval
Stuart Robinson on behalf of Ludlow
Trust CompanyLimited		 16 October 202

CCXX R2 accounts (SS)

16/10/2025

2

Independent Examiner's Report to the Trustees of The Accomplishment Trust

I report to the charity trustees on my examination of the accounts of the charity for the year ended 12 December 2024.

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.

Geoffrey Frost BSc(Hons) FCA Date 16 October 2025 Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY

10