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The Linmardon Trust 275307
Receipts and payments accounts CC16a
For the period Period start date Period end date
To
from 14th December 2024 13th December 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
Income From Investments 43,490 - - 43,490 27,069
Interest Received 962 - - 962 470
- - - - -
Sub total (Gross income for
44,452 - - 44,452 27,539
AR)
A2 Asset and investment sales,
(see table).
Sale Of Investments - - 906,397 906,397 453,445
- - - - -
Sub total - - 906,397 906,397 453,445
Total receipts 44,452 - 906,397 950,849 480,984
A3 Payments
Grants Awarded 88,192 - - 88,192 37,585
Investment Manager Fees - - 12,994 12,994 18,206
Trust Administration Fees 9,310 - - 9,310 -
Independent Examiners Fees 630 - - 630 -
FX Variance - - - - 2
Other Allocated Costs - - - - 2,796
Sub total [ 98,132 ] - 12,994 111,126 58,589
A4 Asset and investment
purchases, (see table)
Investment Purchases - - 816,694 816,694 440,814
- - - -
Sub total [ - ] - 816,694 816,694 440,814
Total payments 98,132 - 829,688 927,820 499,403
Net of receipts/(payments) - 53,680 - 76,709 23,029 - 18,419
A5 Transfers between funds 67,575 - 67,575 - -
A6 Cash funds last year end 10,374 7,524 17,897 36,316
Cash funds this year end 24,269 - 16,658 40,927 17,897
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CCXX R1 accounts (SS)
16/06/2026
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**
Investment Portfolio
**Details**
**Details**
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
**Details**
Capital Account
Income Account
Signature|**Unrestricted**
**funds**
**Restricted funds**
**to nearest £**
**to nearest £**
**-**
**-**
**24,269**
**-**
**-**
**-**
**24,269**
**-**
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 (Southampton) Ltd|**Endowment**
**funds**
**to nearest £**
**16,658**
**-**
**-**|
|---|---|---|---|
||||**16,658**|
||||OK|
||||**Endowment**
**funds**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**Current value**
**(optional)**
**1,817,567**
**-**
**-**
**-**
**-**
**Current value**
**(optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**When due**
**(optional)**
Date of
approval|
CCXX R2 accounts (SS)
16/06/2026
2
## **Trustees’ Annual Report for the period**
## **From 14[th] December 2024 To 13[th] December 2025**
## **Charity name: The Linmardon Trust Charity registration number: 275307**
## **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:
||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 to the following charities
totalling £88,192.
•
Devon Air Ambulance Trust
•
National Tremor Foundation
•
Gympanzees
•
Chefs in Schools|
## **Additional information (optional)**
|**Additional information (optional)**|**Additional information (optional)**|**Additional information (optional)**|
|---|---|---|
|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**
|**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 £24,269 (2024:
£10,374).
In addition to the free reserves the charity
has bank balances of £16,658 (2024:
£7,524)
and
investments
valued
at
£1,817,567
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|
|Other||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**|**Structure, Governance**|**and Management**|**and Management**|
|---|---|---|---|
||Description of charity’s|||
||trusts:|||
||Type of governing document|Para 1.25|Trust deed dated 13thDecember 1977|
||How is the charity|Para 1.25|Trust|
||constituted?|||
||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 body entitled|||
||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 £7,478
for trust administration fees during the year
under review.
HSBC UK Bank plc was paid £14,826 for
trust
administration
and
investment
management fees during the year under
review.
These fees are authorised under clause 7 of
the trust deed.|
|Other|||
## **Reference and Administrative details**
|Charity name|The Linmardon Trust|
|---|---|
|Other name the charity uses|The Wedgwood Trust (Previous name)|
|Registered charity number|275307|
|Charity’s principal address|Ludlow Trust Co (Southampton) Ltd, Yarmouth House,
1300 Parkway, Solent Business Park, Whiteley, PO15 7AX|
|||
**Names of the charity trustees who manage the charity**
|**Trustee name**|**Office (if**
**any)**|**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 (ifany)**|
|---|---|---|---|---|---|
|Ludlow Trust Company
(Southampton) Limited||||||
|||||||
|||||||
|Corporate trustees–names of the directors at the date the report was approved||||||
|**Director name**||||||
|Walter Duncan Coxon||||||
|Christopher Ian Thurlow||||||
|Matthew John Wickers||||||
|Alexander Edward Mulroe||||||
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**|HSBC UK Bank plc|1 Centenary Square, Birmingham, B1
1HQ|
|**Bankers**|HSBC UK Bank plc|1 Centenary Square, Birmingham, B1
1HQ|
|**Accountants**|Charter Tax Consulting
Limited|8th Floor, 1 Southampton St, London
WC2R 0LR|
||||
## **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)** Chris Thurlow on behalf of Ludlow Trust Company (Southampton) Limited **Position (eg Secretary, Chair, etc) Date**
**Document Activity Report**
**Document Sent** Wed, 24 Jun 2026 08:47:41 GMT **Document Approval Status** Approved **Approval Activity Summary** Chris Thurlow Approved Thu, 25 Jun 2026 11:41:47 GMT **Document Activity History** Document history shows most recent activity first **Date Activity** Thu, 25 Jun 2026 11:41:42 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 The Linmardon Trust **members of On accounts for the** 13[th] December 2025 **Charity no** 275307 **period ended (if any) Set out on pages** Financial statements page 1 - 2 Trustee report page 3 - 11 (remember to include the page numbers of additional sheets)
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the period ended 13/12/2025.
- **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.
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Date: 26/06/2026
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
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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**