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2025-04-23-accounts

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InTrust 1208835
Receipts and payments accounts CC16a
For the period Period start date Period end date
To
from 24/04/2024 23/04/2025
Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds Last year
funds funds funds
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Addition From Settlors - - 5,003,010 5,003,010 -
HMRC Gift Aid - - 1,250,000 1,250,000 -
Interest Received 10,113 - - 10,113 -
- - - - -
Sub total (Gross income for
10,113 - 6,253,010 6,263,123 -
AR)
A2 Asset and investment sales,
(see table).
Sale Of Investments - - - - -
- - - - -
Sub total - - - - -
Total receipts 10,113 - 6,253,010 6,263,123 -
A3 Payments
Trust Administration Fees 12,333 - - 12,333 -
Trust Setup Fee 3,000 - - 3,000 -
Cash Management Charges 512 - - 512 -
Bank Charges 12 - - 12 -
- - - - -
Sub total [ 15,857 ] - - 15,857 -
A4 Asset and investment
purchases, (see table)
Money Market Deposit - - 4,700,000 4,700,000 -
- - - -
Sub total [ - ] - 4,700,000 4,700,000 -
Total payments 15,857 - 4,700,000 4,715,857 -
Net of receipts/(payments) - 5,744 - 1,553,010 1,547,266 -
A5 Transfers between funds 15,344 - 15,344 - -
A6 Cash funds last year end - - - -
Cash funds this year end 9,600 - 1,537,666 1,547,266 -
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CCXX R1 accounts (SS)

16/02/2026

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
B5 Liabilities
B3 Investment assets
B2 Other monetary assets
B4 Assets retained for the
charity’s own use
B1 Cash funds		 Details
Money Market Account
Details
Details
Details
Total cash funds
(agree balances with receipts and payments
account(s))
Details
Capital account
Income account
Signature
Per electronic approval		 Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
-
-
9,600
-
-
-
9,600
-
OK
OK
Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
-
-
-
-
-
-
-
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
Cash Deposit
Account
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
-
-
-
-
-
-
-
-
-
Fund to which
liability relates
Amount due
(optional)
-
-
-
-
Print Name
Joanne Spiceley on behalf of Ludlow
Trust Company Ltd		 Endowment
funds
to nearest £
1,537,666
-
-
1,537,666
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
4,815,229
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
Date of
approval
Per electronic
approval

CCXX R2 accounts (SS)

16/02/2026

2

Trustees’ Annual Report for the period

From 24 April 2024 To 23 April 2025

Charity name: Intrust Charity registration number: 1208835

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 Whilst there have been no charitable grants
made in this initial period, InTrust have
engaged with a Philanthropy Company,
Ultra Philanthropy, to undertake research
work and two workshops have now been
held to present the findings and a theory of
change has been prepared. The trustees
are in the process of making an initial grant
in February 2026.

Additional information (optional)

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You may choose to include further statements where relevant about:
Achievements against
objectives set Para 1.41
Performance of fundraising
activities against objectives Para 1.41
set
Investment performance
against objectives Para 1.41
Other
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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 £9,600.
of the period
In addition to the free reserves the charity
has bank balances of £1,537,666 and
investments valued at £4,815,229 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
stating why they are held 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
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charity continuing as a going concern

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:
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
Para 1.25
Trust deed dated 24 April 2024
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 bodyentitled		 Para 1.25 Trustees are appointed by the trustees from
time to time.
Structure, Governance Structure, Governance and Management and Management
Description of charity’s
trusts:
Type of governing document Para 1.25 Trust deed dated 24 April 2024
How is the charity
constituted?		 Para 1.25 Trust
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 bodyentitled
to appoint one or more
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 or
was reimbursed any expenses in the year
under review.
Ludlow Trust Company Ltd was paid
£15,845 for trust administration, trust set up
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 Intrust
Other name the charity uses
Registered charity number 1208835
Charity’s principal address Ludlow Trust Company Limited, First Floor, Tower Wharf,
Cheese Lane, Bristol, BS2 0JJ
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Names of the charity trustees who manage the charity

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Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
Ludlow Trust
1
Company Limited
2
3
–
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
John Stephen Dennis (Resigned 25/10/2024)
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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) Joanne Spiceley on behalf of Ludlow Trust Company Ltd Position (eg Secretary, Chair, etc) Date Per electronic approval

Document Activity Report

Document Sent Wed, 18 Feb 2026 16:18:14 GMT Document Approval Status Approved Approval Activity Summary Joanne Spiceley Approved Wed, 18 Feb 2026 16:39:33 GMT Document Activity History Document history shows most recent activity first Date Activity Wed, 18 Feb 2026 16:38:56 GMT Joanne Spiceley 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 InTrust members of On accounts for the 23[rd] April 2025 Charity no 1208835 period ended (if any) Set out on pages Financial statements page 1 - 2 Trustee report page 3 - 10

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the period ended 23/04/2025.

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:

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: 19/02/26 Signed: Name: Ian Rodd Relevant professional BSc FCA FCCA qualification(s) or body (if any): Address: TC Group 10 Bridge Street, Christchurch Dorset BH23 1EF

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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