| The Albert Edward Procter Charitable Trust | The Albert Edward Procter Charitable Trust | The Albert Edward Procter Charitable Trust | The Albert Edward Procter Charitable Trust | The Albert Edward Procter Charitable Trust | The Albert Edward Procter Charitable Trust | The Albert Edward Procter Charitable Trust | The Albert Edward Procter Charitable Trust | The Albert Edward Procter Charitable Trust | 295913 | 295913 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Section A Receipts and payments Unrestricted funds Restricted funds Endowment funds Total funds to the nearest £ to the nearest £ to the nearest £ to the nearest £ A1 Receipts 03.02.2024 02.02.2025 Receipts and payments accounts Period start date Period end date To For the period from ee ee ee |
Last year to the nearest £ CC16a |
||||||||||||||||
| Income from investments 15,613 |
- | - | - | - | - | 15,613 | 15,613 | 15,613 | 15,943 | 15,943 | |||||||
| Interest received 1,088 |
- | - | - | - | - | 1,088 | 1,088 | 578 | 578 | ||||||||
| - | - | - | - | - | - | - | - | - | - | - | |||||||
| - | - | - | - | - | - | - | - | - | - | - | |||||||
| - | - | - | - | - | - | - | - | - | - | - | |||||||
| - | - | - | - | - | - | - | - | - | - | - | |||||||
| - | - | - | - | - | - | - | - | - | - | - | |||||||
| - | - | - | - | - | - | - | - | - | - | - | |||||||
| Sub total(Gross income for AR) 16,701 |
- | - | - | - | - | 16,701 | 16,701 | 16,701 | 16,521 | 16,521 | |||||||
| A2 Asset and investment sales, (see table). Sale of investments - - 541,871 541,871 312,132 - - - - - Sub total - - 541,871 541,871 312,132 Total receipts 16,701 - 541,871 558,572 328,653 A3 Payments ———~~——~~ |
|||||||||||||||||
| Grants awarded 32,155 |
- | - | - | - | - | 32,155 | 32,155 | 32,155 | 30,950 | 30,950 | |||||||
| Investment manager and admin fees - |
- | - | - | 3,565 | 3,565 | 3,565 | 3,565 | 3,565 | 2,189 | 2,189 | |||||||
| Trust Administration Fees 5,422 |
- | - | - | - | - | 5,422 | 5,422 | 4,394 | 4,394 | ||||||||
| Independent Examiners fees | - | - | - | - | - | - | - | - | - | - | |||||||
| Cash management fees 32 |
- | - | - | - | - | 32 | 32 | 19 | 19 | ||||||||
| Accountancy Fee - |
- | - | - | - | - | - | - | - | - | - | |||||||
| - | - | - | - | - | - | - | - | - | - | - | |||||||
| - | - | - | - | - | - | - | - | - | - | - | |||||||
| - | - | - | - | - | - | - | - | - | - | - | |||||||
| Sub total 37,609 | - | - | - | 3,565 | 3,565 | 41,174 | 41,174 | 41,174 | 37,552 | 37,552 | |||||||
| A4 Asset and investment purchases, (see table) Investment purchases - - 516,919 516,919 302,864 - - - - Sub total - - 516,919 516,919 302,864 Total payments 37,609 - 520,484 558,093 340,416 Net of receipts/(payments) - 20,907 - 21,387 479 - 11,763 A5 Transfers between funds 18,714 - 18,714 - - A6 Cash funds last year end 11,869 - 3,574 15,443 27,206 Cash funds this year end 9,675 - 6,247 15,922 15,443 =S55~~5=~~ aa == |
CCXX R1 accounts (SS)
01/12/2025
1
Section B Statement of assets and liabilities at the end of the period
----- Start of picture text -----
||||||
|---|---|---|---|---|
|Unrestricted|Restricted|Endowment|
|Categories|Details|funds|funds|funds|
|to nearest £|to nearest £|to nearest £|
|B1 Cash funds|Capital account|-|-|6,247|
|Income account|
|9,675|-|-|
|-|-|-|
|Total cash funds|9,675|-|6,247|
|—====|
|(agree balances with receipts and payments|
|account(s))|OK|OK|OK|
|Unrestricted|Restricted|Endowment|
|funds|funds|funds|
|Details|to nearest £|to nearest £|to nearest £|
|B2 Other monetary assets|-|-|-|
|-|-|-|
|-|-|-|
|-|-|-|
|-|-|-|
|-|-|-|
|—=——|
|Fund to which|Current value|
|Details|asset belongs|Cost (optional)|(optional)|
|B3 Investment assets|Investment portfolio|Endowment|-|651,958|
|-|-|
|-|-|
|-|-|
|-|-|
|7|
|Fund to which|Current value|
|Details|asset belongs|Cost (optional)|(optional)|
|B4 Assets retained for the|-|-|
|charity’s own use|-|-|
|-|-|
|-|-|
|-|-|
|-|-|
|-|-|
|-|-|
|-|-|
|i|
|Fund to which|Amount due|When due|
|Details|liability relates|(optional)|(optional)|
|B5 Liabilities|
|-|
|-|
|-|
|-|
|Signed by one or two trustees on|Date of|
|behalf of all the trustees|Signature|Print Name|approval|
|Chris Thurlow on behalf of Ludlow|
|01/12/2025|
|Trust Company Limited|
|—|
|CCXX R2 accounts (SS)|2|01/12/2025|
----- End of picture text -----
Trustees’ Annual Report for the period
From 03 February 2024 To 02 February 2025
Charity name: The Albert Edward Procter Charitable Trust Charity registration number: 295913
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The Trustees shall hold the capital and income of the Trust Fund upon trust to apply the income and all or such part or parts of the capital at such time or times and in such 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 direction think fit. The Trustees will take into account the Letter of Wishes which requests that consideration be given to benefit registered local charities, in particular those within the ecclesiastical bodies, infant benefit bodies and national and international bodies for relief of pain and suffering. |
| 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 theguidance |
Para 1.18 |
issued by the Charity Commission on public benefit
| 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
| 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 one award totalling £32,155.00 to Depaul UK. |
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 £9,675 (2024: £11,869). In addition to the free reserves the charity has bank balances of £6,247 (2024: £3,574) and investments valued at £651,958 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 | Will |
| 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 existing trustees. |
| Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant about: |
Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant about: |
Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant 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 Limited was paid £5,454 (Trust admin + cash management) for trust administration services during the year under review. These fees are authorized under clause 25 of the trust deed. |
| Other |
Reference and Administrative details
| Charity name | The Albert Edward Procter Charitable Trust |
|---|---|
| Other name the charity uses | |
| Registered charity number | 295913 |
| Charity’s principal address | Ludlow Trust Co Ltd Tower Wharf Cheese Lane Bristol BS2 0JJ |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee(if any) |
|---|---|---|---|---|
| Ludlow Trust CompanyLimited |
||||
19 20
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 Christopher Ian Thurlow Matthew John Wickers Ziba Christina Sakine Sarikhani John Stephen Dennis (resigned 25/10/24)
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)
| Type of adviser | Name | Address |
|---|---|---|
| Investment Managers | Royal Bank Of Scotland 2nd Floor, Trinity Quay II, Avon Street, | Royal Bank Of Scotland 2nd Floor, Trinity Quay II, Avon Street, PO Box 3138, Bristol, BS2 2DH |
| Bankers | Royal Bank Of Scotland 2nd Floor, Trinity Quay II, Avon Street, | Royal Bank Of Scotland 2nd Floor, Trinity Quay II, Avon Street, PO Box 3138, Bristol, BS2 2DH |
| Accountants | Charter Tax Consulting Ltd |
8th Floor, 1 Southampton Street, London, WC2R 0LR |
Name of chief executive or names of senior staff members (Optional information)
~~PC~~
Exemptions from disclosure
Reason for non-disclosure of key personnel details
~~ee~~
Other optional information
~~PC~~
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees Signature(s) ~~ee~~ On behalf of Ludlow Trust Company Full name(s) Christopher Thurlow Ltd Position (eg Secretary, Chair, etc) ~~—a—~~ Date 01/12/2025 ~~Pe~~
2025-12-01Procter-Accounts
Final Audit Report
2025-12-01
Created: 2025-12-01 By: Estera Rzepus (Estera.Rzepus@ludlowtrust.com) Status: Signed Transaction ID: CBJCHBCAABAAvgLHeZDodEAKkfNrhr64bEhSGbCreel1
"2025-12-01Procter-Accounts" History
- Document created by Estera Rzepus (Estera.Rzepus@ludlowtrust.com) 2025-12-01 - 3:30:24 PM GMT
Document emailed to Chris Thurlow (chris.thurlow@ludlowtrust.com) for signature 2025-12-01 - 3:30:29 PM GMT
Email viewed by Chris Thurlow (chris.thurlow@ludlowtrust.com) 2025-12-01 - 6:51:59 PM GMT
- Document e-signed by Chris Thurlow (chris.thurlow@ludlowtrust.com) Signature Date: 2025-12-01 - 6:52:27 PM GMT - Time Source: server
Agreement completed.
2025-12-01 - 6:52:27 PM GMT
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ Charity Name The Albert Edward Procter Charitable Trust members of On accounts for the year 02 February 2025 Charity no 295913 ended (if any) Set out on pages Financial statements page 1-2 Trustee report page 3-12 (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 year ended 09/01/2025.
- 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.
Date: 02 December 2025
Signed: Name: Ian Rodd ~~Cs~~ Relevant professional BSc FCA FCCA qualification(s) or body (if any): Address: TC Group 10 Bridge Street, Christchurch Dorset BH23 1EF
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