APPENDIX 1
OSC r
| Trustees’ Annual Report for the period | Trustees’ Annual Report for the period | Trustees’ Annual Report for the period | Trustees’ Annual Report for the period | Trustees’ Annual Report for the period | Trustees’ Annual Report for the period | Trustees’ Annual Report for the period | Trustees’ Annual Report for the period |
|---|---|---|---|---|---|---|---|
Period start date |
Period end date |
||||||
| Day | Month | Year | Day | Month | Year | ||
| From | 10 | August | 2024 | To | 09 | August | 2025 |
Office of the Scottish Charity Regulator
Reference and administration details
Charity name Miss H P Russell Charitable Trust Other names charity is known by Registered charity number SC039982 Charity’s principal address Ludlow Trust Company Limited 1[st] Floor, Tower Wharf Cheese Lane Bristol Postcode: BS2 0JJ
Names of the charity trustees on date of approval of Trustees’ Annual Report
| Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (if any) |
|
|---|---|---|---|---|
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Ludlow Trust Company Limited | |||
1
APPENDIX 1
Reference and administration details
Names of all other charity trustees during the period, if any, (for example, those who resigned part way through the financial period)
| Name | Name | Dates acted if not for whole year |
|---|---|---|
| Structure, governance and management | ||
| Type of governing document Trustee recruitment and appointment |
||
| Declaration of Trust dated 9 August 2006 as amended 25 September 2018. |
||
| New trustees are appointed by deed by the existing trustees. | ||
| Objectives and activities | ||
| Charitable purposes Summary of the main activities in relation to these objects |
||
| The charity’s objects are to apply as far as possible the capital and income for the benefit of the following charities: i) The Viewpoint Housing Association ii) Palmerston Place Church iii) The Royal Victoria Hospital iv) The Chest, Heart and Stroke Association v) Any other organisations having similar charitable purposes as the trustees shall in the sole discretion determine. |
||
| During the year under review the charity made grant payments during the year. In determining the activities undertaken the trustees have had regard to the Office of Scottish Charity Regulator’s guidance on public benefit. |
APPENDIX 1
Achievements and performance
| Summary of the main achievements of the charity during the financial period |
During the year the charity made grants of £3,303 to each of the following: The Viepoint Housing Association Palmerston Place Church Lothian Health Endowment Fund Chest Heart and Stroke Scotland |
|---|---|
2
Financial review
Brief statement of the charity’s policy At the end of the accounting year the charity had free reserves amounting on reserves to £4,111 (2024: £6,177). In addition to the free reserves the charity has bank balances of £1,343 (2024: £2,214) and investments of £258,849 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. Details of any deficit N/A Donated facilities and services (if any) N/A
APPENDIX 1
Other optional information
Declaration
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 (e.g. Chair) On behalf of Ludlow Trust Company ~~sat~~ Limited (Trustee) Date 13 March 2026
3
Miss H P Russell Charitable Trust
Enter SC No. below
APPENDIX 2
SC039982
| SC039982 | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receipts andpayments accounts | |||||||||||||||
| Period start date | Period end date | Period end date | |||||||||||||
| For the period from |
10 August Day Month |
2024 Year |
to Day Month 09 August |
Year 2025 |
|||||||||||
| Section A Statement of receipts and payments | |||||||||||||||
| Unrestricted funds |
Restricted funds |
Expendable endowment funds |
Permanent endowment funds |
Total funds current period |
Total funds last period |
||||||||||
| to nearest £ | to nearest £ | to nearest £ | to nearest £ | to nearest £ | to nearest £ | to nearest £ | |||||||||
| A1 Receipts | |||||||||||||||
| Income from investments other than land and buildings 4,992 Bank interest 441 - A1 Sub total 5,433 - - ~~SSS SSS~~ |
4,992 6,895 441 703 - 5,433 7,598 ~~SSS~~ |
||||||||||||||
| A2 Receipts from asset & | |||||||||||||||
| investment sales | |||||||||||||||
| Proceeds from sale of investments 91,750 A2 Sub total - - 91,750 ~~EE} ~~ |
91,750 251,043 - 91,750 251,043 ~~(EE~~ |
||||||||||||||
| Total receipts A3 Payments |
5,433 - 91,750 ~~oo) ooo~~ |
- 97,183 258,641 ~~ooo~~ |
|||||||||||||
| Investment management costs | - | 1,197 | 1 | 1 | 1 | 1,197 | 1,139 | ||||||||
| Trust management fees | 2,212 | - | 2 | 2 | 2 | 2,212 | 2,169 | ||||||||
| Grants and donations | 13,212 | - | 13 | 13 | 13 | 13,212 | 25,080 | ||||||||
| Cash management fees | 16 | 16 | 16 | 16 | 16 | 23 | |||||||||
| Audit / independent examination | 180 | - | 180 | 180 | 180 | 180 | 780 | ||||||||
| Accountancy Fees | 600 | 600 | 600 | 600 | 600 | ||||||||||
| - | - | - | - | ||||||||||||
| **A3 Sub total ** | 16,220 | - | 1,197 | - | 17,417 | 17,417 | 17,417 | 17,417 | 29,191 | ||||||
| A4 Payments relating to asset and | |||||||||||||||
| investment movements | |||||||||||||||
| Purchase of investments 82,703 82,703 243,697 A4 Sub total - - 82,703 - 82,703 243,697 Total payments 16,220 - 83,900 - 100,120 272,888 Net receipts / (payments) 10,787) ( - 7,850 - 2,937) ( 14,247) ( A5 Transfers to / (from) funds 8,721 8,721) ( - Surplus / (deficit) for year 2,066) ( - 871) ( - 2,937) ( 14,247) ( ~~ |
~~ ~~** |
**~~ ~~a~~ ~~ |
~~ ~~ee~~ ~~** |
**~~ ~~ |
~~ ~~ |
~~ ~~ |
~~ |
APPENDIX 2
SC039982
Section B Statement of balances
| Categories | Details | Unrestricted funds |
Restricted funds Expendable endowment funds |
Permanent endowment funds |
Total current period |
Total last period | Total last period | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| to nearest £ | to nearest £ to nearest £ |
to nearest £ | to nearest £ | to nearest £ | ||||||||
| B1 Cash funds | 6,177 2,214 8,391 22,638 2,066) ( 871) ( 2,937) ( 14,247) ( - - 4,111 - 1,343 - 5,454 8,391 Cash and bank balances at end of year Cash and bank balances at start of year Surplus / (deficit) shown on receipts and payments account ~~==sS====~~ |
|||||||||||
| (Agree balances with receipts and payments | ||||||||||||
| account(s)) | - | - | - - |
- | - - |
- | - | - - |
- | |||
| Details | Fund to which asset belongs | Fund to which asset belongs | Market valuation | Last year | ||||||||
| to nearest £ | to nearest £ | |||||||||||
| B2 Investments | 258,849 248,476 Total 258,849 248,476 Expendable Endowment RBSInvestment portfolio ~~===~~ |
248,476 248,476 |
||||||||||
| Details | Fund to which asset belongs | Cost (if available) | Current value (if available) |
Last year | ||||||||
| to nearest £ | to nearest £ | to nearest £ | ||||||||||
| B3 Other assets | Total - - - ~~ue~~ |
|||||||||||
| Details | Fund to which liability relates | Fund to which liability relates | Amount due | Last year | ||||||||
| to nearest £ | to nearest £ | |||||||||||
| B4 Liabilities | - - - Total - - ExpendableEndowment ExpendableEndowment ExpendableEndowment Administrative services Investmentmanagement Independent examinersfees ~~===~~ |
- - - - |
||||||||||
| Details | Fund to which liability relates | Fund to which liability relates | Amount due (estimate) |
Last year | ||||||||
| to nearest £ | to nearest £ | |||||||||||
| Signed by one or two trustees on behalf of all the trustees B5 Contingent liabilities |
Total - - Date of approval Chris Thurlow on behalf of Ludlow Trust Company Limited (Trustee) Signature Print Name 13 March 2026 ~~———~~ |
|||||||||||
| Russell Draft Receipts and Payments Account 2025 / Statement of balances | Russell Draft Receipts and Payments Account 2025 / Statement of balances | 2 | December 2007 |
APPENDIX 2
SC039982
Section C Notes to the Accounts
| C3a Trustee remuneration C4a Trustee expenses C1 Nature and purpose of funds(may be stated on analysis of funds worksheets) C2 Grants C4b Trustee expenses - details C3b Trustee remuneration - details C5 Transactions with trustees and connected persons |
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. Unresticted income funds are available for use at the discretion of trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. |
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. Unresticted income funds are available for use at the discretion of trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. |
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. Unresticted income funds are available for use at the discretion of trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. |
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. Unresticted income funds are available for use at the discretion of trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. |
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. Unresticted income funds are available for use at the discretion of trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. |
|---|---|---|---|---|---|
| Type of activity or project supported Grants |
Individual / institution |
Number of grants made £ |
|||
| 4 | 13,212 | ||||
| Total | 13,212 |
||||
| If no remuneration was paid during the period to any charity trustee or person connected to a trustee cross this box (otherwise complete section 3b) |
|||||
| Authority under which paid | £ | ||||
| If no expenses were paid to any charity trustee during the period then cross (otherwise complete section 4b) |
this box | ||||
| Trust management fess (VAT inclusive) Nature of transaction |
Number of trustees |
£ | |||
| Nature of relationship Ludlow Trust CompanyLimited |
Transaction amount (£) |
Balance outstanding at period end(£) |
|||
| Ludlow Trust CompanyLimited | Trust management fess (VAT inclusive) |
2,212 | 0 | ||
C6 Other information
Russell Draft Receipts and Payments Account 2025 / Notes
December 2007
3
Independent Examiner's Report to the Trustees of Miss H P Russell Charitable Trust
I report to the charity trustees on my examination of the accounts of the company for the year ended 9 August 2025
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The charity trustees consider that the audit requirement of Regulation 10(1) (d) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of my examination, no matter has come to my attention:
-
which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations;
-
and to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations;
have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
James O’Rourke FCA Date 13 March 2026 Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY