**----- Start of picture text -----**
Educational Trust NO 1 1982 286516
Receipts and payments accounts CC16a
For the period Period start date Period end date
To
from 06/04/2024 09/07/2025
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 89,264 - - 89,264 65,802
Interest received 4,640 - - 4,640 -
- - - - -
Sub total (Gross income for
93,904 - - 93,904 65,802
AR)
A2 Asset and investment sales,
(see table).
Sale of investments - - 1,345,747 1,345,747 962,941
- - - - -
Sub total - - 1,345,747 1,345,747 962,941
Total receipts 93,904 - 1,345,747 1,439,651 1,028,743
A3 Payments
Grants awarded 25,213 - - 25,213 -
Investment Manager Fees - - 22,976 22,976 18,573
Trust administration fees 17,176 - - 17,176 -
Independent Examiners fees 1,500 - - 1,500 1,452
Other Allocated Costs - - - - 13,521
- - - - -
Sub total [ 43,889 ] - 22,976 66,865 33,546
A4 Asset and investment
purchases, (see table)
Investment purchases - - 1,330,778 1,330,778 956,517
- - - -
Sub total [ - ] - 1,330,778 1,330,778 956,517
Total payments 43,889 - 1,353,754 1,397,643 990,063
Net of receipts/(payments) 50,015 - - 8,007 42,008 38,680
A5 Transfers between funds - 3,833 3,833 - -
A6 Cash funds last year end 85,214 26,168 111,382 72,702
Cash funds this year end 131,396 - 21,994 153,390 111,382
**----- End of picture text -----**
CCXX R1 accounts (SS)
27/03/2026
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 £**
**-**
**-**
**131,396**
**-**
**-**
**-**
**131,396**
**-**
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) Limited|**Endowment**
**funds**
**to nearest £**
**21,994**
**-**
**-**|
|---|---|---|---|
||||**21,994**|
||||OK|
||||**Endowment**
**funds**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**Current value**
**(optional)**
**2,467,924**
**-**
**-**
**-**
**-**
**Current value**
**(optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**When due**
**(optional)**
Date of
approval|
CCXX R2 accounts (SS)
27/03/2026
2
## **Trustees’ Annual Report for the period**
## **From 06 April 2024 To 09 July 2025**
## **Charity name: Educational Trust NO 1 1982 Charity registration number: 286516**
## **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 advancement of the
education of boys and girls at such schools
as the Trustee shall in its discretion select
and in particular (but without in any way
limiting the generality of the foregoing) of
pupils at the following schools namely
Ampleforth Downside Eton (Oppidans only)
Gordonstoun
Oundle
Radley
Sherborne
(Boys) Sherborne (Girls) Winchester and
Wycombe Abbey.|
|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 £25,213.
Sherborne School For Girls
Gordonstoun Schools Limited|
## **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
£131,396
(2024:
£85,214).
In addition to the free reserves the charity
has
bank
balances
of
£21,994
(2024:
£26,168)
and
investments
valued
at
£2,467,924
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||
|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|Declaration of Trust dated 06 January 1983|
|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 trustees from
time to time.|
## **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.
HSBC UK Bank PLC was paid £36,492 for
trust
administration
and
investment
management fees during the year under
review.
Ludlow
Trust
Company
(Southampton)
Limited
was
paid
£3,660
for
trust
administration fees during the year under
review.
These fees are authorised under clause 10
of the trust deed.|
|Other|||
## **Reference and Administrative details**
|Charity name|Educational Trust No 1 1982|
|---|---|
|Other name the charity uses||
|Registered charity number|286516|
|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**
|1
2
3|**Trustee name**|**Office (if any)**|**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** Gary St John Collins Walter Duncan Coxon 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)**
**Type of adviser**
**Name**
**Address**|**Additional information (optional)**
**Type of adviser**
**Name**
**Address**|**Additional information (optional)**
**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**
**----- Start of picture text -----**
Signature(s)
Full name(s) Chris Thurlow on behalf of Ludlow
Trust Company (Southampton)
Limited
Position (eg Secretary,
Chair, etc)
Date
**----- End of picture text -----**
**Document Activity Report**
**Document Sent** Tue, 31 Mar 2026 12:17:12 GMT **Document Approval Status** Approved **Approval Activity Summary** Chris Thurlow Approved Tue, 31 Mar 2026 12:22:45 GMT **Document Activity History** Document history shows most recent activity first **Date Activity** Tue, 31 Mar 2026 12:22:39 GMT Chris Thurlow viewed the document
You can verify that this is a genuine Portal document by uploading it to the following secure web page:
**http://tcgroup.accountantspace.co.uk/messages/VerifyDocument**
**Independent examiner's report on the accounts**
**Section A Independent Examiner’s Report**
**Report to the trustees/** Charity Name Educational Trust No.1 1982 **members of On accounts for the** 9[th] July 2025 **Charity no** 286516 **period ended (if any) Set out on pages** Financial statements page 1 - 2 Trustee report page 3 - 10 (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 09/07/2025.
- **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.
**----- Start of picture text -----**
Date: 31/03/2026
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
**----- End of picture text -----**
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**