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2025-08-03-accounts

Trustees’ Annual Report for the period

From 06 April 2024 To 03 August 2025

Charity name: The John Slater Foundation

Charity registration number: 231145

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 The income is to be paid or applied by the
trustees to or for such charitable institutions
or purposes in such shares and such
manner as the committee shall determine
from time to time.
The capital of the trust fund may also be
applied by the trustee for such of those
same purposes in such shares and such
manner as the committee shall in its
discretion determine from time to time.
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 the furtherance of the charity’s objectives
for the public benefit the trustee shall
provide grants and donations.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 In determining how the charity should
pursue its objects, 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 N/A
Policy on social investment
including program related
investment		 Para 1.38 N/A
Contribution made by
volunteers		 Para 1.38 N/A
Other N/A

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 period under review the charity
made 37 grants to institutions totalling
£140,666.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against
objectives set		 Para 1.41 N/A
Performance of fundraising
activities against objectives
set		 Para 1.41 N/A
Investment performance
against objectives		 Para 1.41 N/A
Other N/A

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, in
addition to the free reserves noted below
the charity has surplus bank balances of
£19,352 (year ended 5 April 2024:
overdrawn £8,132) and investments valued
at £5,063,165 within the endowment fund,
available for release 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 At the end of the reporting period the
charity had free reserves of £85,380 (year
ended 5 April 2024: £52,921).
Reasons for holding zero
reserves		 Para 1.22 N/A
Details of fund materially in
deficit		 Para 1.24 The trustee recognises deficits on free
reserves and endowments may arise from
time to time due to the timing of recognition
of liabilities and transfers from the
endowment fund and are content with the
overall fund position at the year ended 5
April 2024.
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 N/A
Additional information (optional)
You may choose to include further statements		 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 N/A
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46 N/A
A description of the principal
risks facing the charity		 Para 1.46 N/A
Other Permanent endowment funds are those
which are held indefinitely and are required
to be invested to produce income which are
transferred to unrestricted income funds.
At a Special Resolution meeting dated 27
October 2025, as accepted by the Charity
Commission on 28 January 2026, the
trustee and committee resolved that the
capital (permanent endowment) of the trust
fund may also be applied by the trustee for
such of those same purposes in such
shares and such manner as the committee
shall in its discretion determine from time to
time.
Unrestricted income funds are available for
use at the discretion of the trustee 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 3 August 1963
Amended 28 January 2026
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 The trustee was appointed by the trust deed
of the settlor, with new trustees appointed
by the existing trustee.
Additional information (optional)
You may choose to include further statements		 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 N/A
The charity’s organisational
structure and any wider
network with which the
charity works		 Para 1.51 In accordance with the trust deed, a
committee consisting of not less than two
and not more than five members meets at
least twice annually and holds an annual
meeting in May of each year. The
committee assumes responsibility for the
grant making activity of the trust.
Committee members:
Christopher Saunders (Chairman)
Chris Band
Andrew Brotherton
Richard Saunders
Dominic Ribet
Ludlow Trust Company (Southampton)
Limited -Representative
Relationship with any
related parties		 Para 1.51 No trustee received any remuneration or
was reimbursed any expenses in the year
under review.
During the period, Ludlow Trust Company
(Southampton) Limited (formerly HSBC
Trust Company (UK) Limited) were paid
£34,957 (year ended 5 April 2024: £41,055
for the provision of administrative services.
These fees are authorised under clause 10
of the trust deed.

Other

N/A

Reference and Administrative details

Charity name The John Slater Foundation
Other name the charity uses -
Registered charity number 231145
Charity’s principal address Ludlow Trust Company (Southampton) Limited
Yarmouth House
1300 Parkway
Solent Business Park
Whiteley
PO15 7AX

Names of the charity trustees who manage the charity

Trustee name Office (if any) Dates acted if not for whole
year		 Dates acted if not for whole
year		 Name of person (or body) entitled
to appoint trustee (if any)		 Name of person (or body) entitled
to appoint trustee (if any)
Ludlow Trust
Company
(Southampton)
Limited
1
(formerly HSBC
trust Company
(UK)Limited)
2
3
4
5
Corporate trustees–names of the directors at the date the report was approved
Director name
Director name
Gary St John Collins Appointed 01/03/2025
Walter Duncan Coxon Appointed 01/03/2025
Christopher Ian Thurlow Appointed 19/03/2025
Matthew John Wickers Appointed 01/03/2025
Jacqueline Marie Gentles Resigned 01/03/2025
Emma Louise Chee Resigned 01/03/2025
James Coyle Resigned 24/04/2024
Jenny Fiona Goldie-Scot Resigned 01/03/2025
James Edward Hewitson Resigned 01/03/2025
Pail Michael Spencer Resigned 05/12/2024
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for wholeyear

Funds held as custodian trustees on behalf of others

Description of the assets
held in this capacity		 N/A
Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects		 N/A
Details of arrangements for
safe custody and
segregation of such assets
from the charity’s own
assets		 N/A

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 manager HSBC UK Bank plc 8 Cork Street, London, W1S 3LJ
Banker HSBC UK Bank plc 8 Cork Street, London, W1S 3LJ
Independent examiner James O’Rourke Blue Spire Limited, Cawley Priory, South
Pallant, Chichester, PO19 1SY
Name of chief executive or names of senior staff members (Optional information)
N/A

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
Yana Davies

On behalf of Ludlow Trust
Company (Southampton) Limited
(Trustee)

27 April 2026

27 April 2026
Charity Name No (if any)
The John Slater Foundation 231145
Receipts andpayments accounts CC16a
Period start date
For the period
from
06-Apr-24		 To Period end date
03-Aug-25

Section A Receipts and payments

A1 Receipts Unrestricted
funds
to the nearest £
175,064
1,500
-
-
-
-
-
-
176,564
-
-
-
176,564
140,666
-
34,957
3,270
1,800
302
-
-
-
180,995
-
-
-
180,995
- 4,431
36,890
52,921
85,380		 Restricted
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Endowment
funds
to the nearest £
-
-
9
-
-
-
-
-
9
4,051,529
-
4,051,529
4,051,538
-
45,941
-
-
-
-
-
-
-
45,941
3,941,223
-
3,941,223
3,987,164
64,374
- 36,890
- 8,132
19,352		 Total funds
to the nearest £
175,064
1,500
9
-
-
-
-
-
176,573
4,051,529
-
4,051,529
4,228,102
140,666
45,941
34,957
3,270
1,800
302
-
-
-
226,936
3,941,223
-
3,941,223
4,168,159
59,943		 Total funds
to the nearest £
175,064
1,500
9
-
-
-
-
-
176,573
4,051,529
-
4,051,529
4,228,102
140,666
45,941
34,957
3,270
1,800
302
-
-
-
226,936
3,941,223
-
3,941,223
4,168,159
59,943		 Last year
to the nearest £
Income from investments 175,064 109,128
Income from bank interest 1,500 -
Foreign exchangegain - -
- -
- -
- -
- -
- -
Sub total(Gross income for
AR)		 176,564 109,128
A2 Asset and investment sales,
(see table).
Sale of investments - 2,893,189
- -
Sub total - 2,893,189
Total receipts
A3 Payments
3,002,317
Grants awarded 140,666 85,079
Investment management - 41,164
Administrative services 34,957 41,055
Independent examination fee 3,270 3,168
Legal fees 1,800 -
Website 302 -
- -
- -
- -
**Sub total ** 180,995 170,466
A4 Asset and investment
purchases, (see table)
Investmentspurchased - 2,833,290
-
**Sub total ** - 2,833,290
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
3,003,756
- 4,431 - 64,374 59,943 - 1,439
36,890 - - 36,890 - -
52,921 - - 8,132 44,789 46,228
85,380 - 19,352 104,732 44,789

CCXX R1 accounts (SS)

27/04/2026

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
B5 Liabilities
B3 Investment assets
B2 Other monetary assets
B4 Assets retained for the
charity’s own use
B1 Cash funds		 Details
Investment portfolio
Details
Total cash funds
(agree balances with receipts and payments
account(s))
Capital accounts
Income accounts
Details
Details
Details
Signature		 Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
-
-
85,380
-
-
-
85,380
-
OK
OK
Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
-
-
-
-
-
-
-
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
-
-
-
-
-
-
-
-
-
Fund to which
liability relates
Amount due
(optional)
-
-
-
-
-
Print Name
Yana Davies on behalf of Ludlow Trust
Company (Southampton) Limited
(Trustee)		 Endowment
funds
to nearest £
19,352
-
-
19,352
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
5,063,165
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
Date of
approval
Yana Davies on behalf of Ludlow Trust
Company (Southampton) Limited
(Trustee)		 27 April 2026

CCXX R2 accounts (SS)

27/04/2026

2

Independent Examiner's Report to the Trustees of The John Slater Foundation

I report to the charity trustees on my examination of the accounts of the charity for the period ended 3 August 2025

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.

James O’Rourke FCA Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY

27 April 2026

Date