|**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**