## **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