Trustees’ Annual Report for the period
From 16 February 2024 To 15 February 2025
Charity name: The Tom Lethaby Memorial Trust Charity registration number: 326047
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | For such charitable purposes for the relief of the elderly poor or infirm in the United Kingdom as the trustees should in their absolute discretion think fit or by payment to the Abbeyfield Society or to some other institution or institutions already established for such charitable purposes as such trustees might in their 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 accordance with the Will. 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 one grant to The Born Free Foundation totalling £15,601. |
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
| 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 £10,865 (2024: £2,511). In addition to the free reserves the charity has bank balances of £3,517 (2024: £17,767) and investments valued at £337,748 within the expendable endowment fund. 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. |
|---|---|---|
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | |
| 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 (trust deed, royal charter) |
Para 1.25 | Trust deed dated 15thFebruary 1982 |
| 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 | Trustees are appointed by the existing 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 nor reimbursed any expenses in the year under review. During the year Ludlow Trust Company were paid fees for trust administration and cash management services of £2,811. These fees are authorized under clause 9 of the trust deed. |
|---|---|---|
| Other |
Reference and Administrative details
| Charity name | The Tom Lethaby Memorial Trust |
|---|---|
| Other name the charity uses | |
| Registered charity number | 326047 |
| 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 19 |
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 Limited |
||||
– Corporate trustees names of the directors at the date the report was approved
Director name Gary St John Collins Walter Coxon Ali Sarikhani Ziba Sarikhani Christopher Thurlow Matthew Wickers John Dennis (Resigned 25/10/2024)
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 Manager Royal Bank Of Scotland 2[nd] Floor, Trinity Quay II, Avon Street, PO Box 3138, Bristol, BS2 2DH Banker Royal Bank Of Scotland 2[nd] Floor, Trinity Quay II, Avon Street, PO Box 3138, Bristol, BS2 2DH Accountant Charter Tax Consulting 8th Floor 1 Southampton Street, London, Limited United Kingdom, WC2R 0LR Name of chief executive or names of senior staff members (Optional information) ~~aS~~ Exemptions from disclosure Reason for non-disclosure of key personnel details ~~BC~~ Other optional information ~~CS~~ 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 Position (eg Secretary, On behalf of Ludlow Trust Chair, etc) Company Limited (Trustee) Date 11 December 2025
| Section A Receipts and payments CC16a 16.02.2024 15.02.2025 326047 The Tom Lethaby Memorial Trust Receipts andpayments accounts Period start date Period end date To For the period from ~~a~~ |
Section A Receipts and payments CC16a 16.02.2024 15.02.2025 326047 The Tom Lethaby Memorial Trust Receipts andpayments accounts Period start date Period end date To For the period from ~~a~~ |
Section A Receipts and payments CC16a 16.02.2024 15.02.2025 326047 The Tom Lethaby Memorial Trust Receipts andpayments accounts Period start date Period end date To For the period from ~~a~~ |
Section A Receipts and payments CC16a 16.02.2024 15.02.2025 326047 The Tom Lethaby Memorial Trust Receipts andpayments accounts Period start date Period end date To For the period from ~~a~~ |
Section A Receipts and payments CC16a 16.02.2024 15.02.2025 326047 The Tom Lethaby Memorial Trust Receipts andpayments accounts Period start date Period end date To For the period from ~~a~~ |
Section A Receipts and payments CC16a 16.02.2024 15.02.2025 326047 The Tom Lethaby Memorial Trust Receipts andpayments accounts Period start date Period end date To For the period from ~~a~~ |
Section A Receipts and payments CC16a 16.02.2024 15.02.2025 326047 The Tom Lethaby Memorial Trust Receipts andpayments accounts Period start date Period end date To For the period from ~~a~~ |
Section A Receipts and payments CC16a 16.02.2024 15.02.2025 326047 The Tom Lethaby Memorial Trust Receipts andpayments accounts Period start date Period end date To For the period from ~~a~~ |
|
|---|---|---|---|---|---|---|---|---|
| Unrestricted funds |
Restricted funds |
Endowment funds |
Total funds | Last year | ||||
| to the nearest £ | to the nearest £ | to the nearest £ | to the nearest £ | to the nearest £ | ||||
| A1 Receipts | ||||||||
| Income from investments 7,932 - - 7,932 8,352 Interest received 601 - 601 310 - - - - - - - - - - - - - - - - - - - - Sub total(Gross income for AR) 8,533 - - 8,533 8,662 ~~=—+===>=~~ |
||||||||
| A2 Asset and investment sales, (see table). Sale of investments - - 264,295 264,295 191,071 - - - - - Sub total - - 264,295 264,295 191,071 Total receipts 8,533 - 264,295 272,828 199,733 ~~——__—=~~ |
||||||||
| A3 Payments | ||||||||
| Grants awarded | 15,601 | - | - | 15,601 | 16,225 | |||
| Investment management fees (VAT inculsive) |
- | - | 1,514 | 1,514 | 1,470 | |||
| Trust administration fees (VAT inclusive) | 2,793 | - | - | 2,793 | 1,978 | |||
| Legal Fees | - | - | - | - | 2 | |||
| Cash management fee | 18 | - | - | 18 | 11 | |||
| - | - | - | - | - | ||||
| - | - | - | - | - | ||||
| - | - | - | - | - | ||||
| - | - | - | - | - | ||||
| **Sub total ** | 18,412 | - | 1,514 | 19,926 | 19,686 | |||
| A4 Asset and investment purchases, (see table) Investmentpurchases - - 258,798 258,798 174,792 - - - - - Sub total - - 258,798 258,798 174,792 Total payments 18,412 - 260,312 278,724 194,478 Net of receipts/(payments) (9,879) - 3,983 (5,896) 5,255 A5 Transfers between funds 18,233 - (18,233) - - A6 Cash funds last year end 2,511 - 17,767 20,278 15,023 Cash funds this year end 10,865 - 3,517 14,382 20,278 ~~——_———~~ ~~=====~~ |
CCXX R1 accounts (SS)
11/12/2025
1
Section B Statement of assets and liabilities at the end of the period
| Unrestricted Restricted |
Endowment | |||||
|---|---|---|---|---|---|---|
| Categories | Details | funds funds |
funds | |||
| to nearest £ to nearest £ |
to nearest £ | |||||
| B1 Cash funds | - - 3,517 10,865 - - - - - 10,865 - 3,517 Total cash funds Capital account Income account ~~<=>~~ |
|||||
| (agree balances with receipts and payments | (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 | - - - - - - - - - - - - - - - - - - ~~—_—~~ |
|||||
| Details | Fund to which asset belongs Cost (optional) |
Current value (optional) |
||||
| B3 Investment assets | Endowment - 337,748 - - - - - - - - Investment portfolio ~~——=—~~ |
|||||
| Details | Fund to which asset belongs Cost (optional) |
Current value (optional) |
||||
| B4 Assets retained for the charity’s own use |
- - - - - - - - - - - - - - - - - - ~~qa~~ |
|||||
| Fund to which Amount due |
When due | |||||
| Details | liability relates (optional) |
(optional) | ||||
| Signed by one or two trustees on behalf of all the trustees B5 Liabilities CCXX R2 accounts (SS) |
- - - - Date of approval Print Name Chris Thurlow on behalf of Ludlow Trust CompanyLimited(Trustee) Signature 2 11/12/2025 11 December 2025 ~~a~~ |
Independent Examiner's Report to the Trustees of The Tom Lethaby Memorial Trust
I report to the charity trustees on my examination of the accounts of the charity for the year ended 15 February 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:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
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.
Geoffrey Frost BSc(Hons) FCA Date 15 December 2025 Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY