THE DENNIS ALAN YARDY CHARITABLE TRUST
ACCOUNTS FOR THE YEAR ENDED
S APRIL 2023

THE D A YARDY CHARITABLE TRUST
Annual Report for the year ended 5 April 2023
The full name of the charity is'The Dennis Alan Yardy Charitable Trusv,.
The charity is registered with the Charity Commissioners: number 1039719, and is
constituted by Deed of Trust.
The principal address of the charity is Grange Fam, Welford Road, Spratton.
Northampton, NN6 8LA.
The charity trustees during the year were Dennis Alan Yardy (Chair), Mrs Christine
Anne Yardy, Jeffrey Creek. Mrs Joanne Stoney. and Simon Bown.
The charity's main agents and advisors are:
Bankers.. Weatherbys Bank, Sanders Road, Wellingborough,
Northampton, NN8 4BX
Investment: Hargreaves Lansdown Asset Management Limited,
One College Square South. Anchor Road. Bristol. BS1 5HL
Independent Examiner". Phillip Davies, The Red House, Hollowell Road,
Creaton, Northampton NN6 8NU.
The objects of the charity are to hold the capital and income of the Trust Fund upon
trust and to apply the income and all or part of the capTtal towards charitable
purposes for the public benefit, making donations to charitable institutions at such
times and in such manner as the trustees think frt.
The trustees have had due regard for the Charities Commission public benefit
guidance when exercising their powers and duties.
The charity has no paid staff and is administered by the trustees.
During the year th8 charty made donations of £37,500. These donations were made
out of net income for the year of £40,415, leaving a surplus in receipts over
payments of £2,915. There was a loss on disposal of investments of £9,844 leading
to an decrease in the Trust fund of £6,930 in the year when valuing investments at
cost. On a current value basis the value of the Fund decreased in the year by
£93,188 to £599,493. The fund value is being adversely affected by difficult market
conditions following the invasion of Ukraine in February 2022 and a rapid increase in
inflation, with interest rates progressively uplifted to control, this trend Gontinuing
through 2023.
D.A. Yardy (Chaimian)
For and on behaff of the Trustees
G￿￿> b>
2023

THE D A YARDY CHARITABLE TRUST
TRUSTEES. DECLARATION
Charity Name: The Dennis Alan Yardy Charitsble Trust
Charity Commission Number". 1039719
Financial Year to: 5 April 2023
Declaration:
The accounts for the year to 5 April 2023 set out on pages 1 to 4, which have been
prepared on the re￿iptS and payments basis, and the trustees, report for the year
are as approved by the trustees.
D.A.Yardy
C.A.Yardy
J. Creek
J. Stoney
S. E. Bown
Date:
6 2023

THE D A YARDY CHARITABLE TRUST
Independent Examinerfs Report to the Trustses
I report on the accounts of the The Dennis Alan Yardy Charttable Trust for the year
ended 5 April 2023. which are set out on pages 1 to 4.
The charity's trustees are responsible for the preparation of the accounts.
The charity's trustees consider that an audit is not required for this year under
section 144 of the Charities Act 2011 (the Charities Act) and that an indeperident
examination is needed.
It is my responsibility to..
examine the accounts under section 145 of the Charities Act,
to follow the procedures laid down in the general Directions given by the Charity
Commission (under section 145(5)(b) of the Chartties Act, and
to state whether particular matters have come to my attention.
My examination was carried out in accordan￿ with general Directions given by the
Charity Commission. 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 seeking explanations from the trustees COn￿rning any such matters. The
procedures undertaken do not provide all the evidence that would be required in an
audit, and consequently no opinion is given as to whether the accounts present a
rue and fairf view and the report is limited to those matters set out in the statement
below.
In connection with my examination. no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any matenal respect the
requirements
to keep accounting records in accordance with section 130 of the Charities Act.
and
to prepare accounts which accord with the accounting records and to comply
with the accounting requirements of the Chanties Act
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper
understanding of the accounts to be reached.
Phillip Davies
The Red House, Hollowell Road, Creaton, Northampton NN6 8NU
2023

THE D A YARDY CHARrrABLE TRUST
STATEMENT OF ASSETS AND LIABILITIES
AS AT 5 APRIL 2023
OS-A
TRUST FUND
Icurrent Value..
Previous year.
673.180
680,109
599,493
692,681 )
REPRESENTED BY:
Investments at cost per schedule
De￿51t with Hargreaves Lansdown
Weatherbys Bank accounts
652,128
8,040
13,012
662.270
6,324
11,515
673,180
680,109
Page 1

THE D A YARDY CHARITABLE TRUST
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 5 APRIL 2023
Year to
Y••r to
Recèipts..
Income from Assets..
Diwdends and Interest
40.932
32.678
Pa￿nentS..
Admrnislration Expenditure..
Post Box fee
8ank tharges
Legal Entity Registe(
Hargreaves Lan$d(￿￿- fe88
300
217
35
Donations..
517
37,5
311
22,5(X)
38,017
22,811
Net Reeeipts I (Payments)
Profltl (Loss) on Sale of Inve3bnonts
2.915
9,867
37,652
Not {Payments) l Receipts Including Capitsl Items
Trust Fund at 5 April 2022
Trust Fund at 5 April 2023
(6,930}
47.519
680.109
632,590
673.180
680,109
Page 2

THE D A YARDY CHARITABLE TRUST
SCHEDULE OF INVESTMENTS AS AT S APRIL 2023
Unrealised
inlLoss
Holdin
Bonds
Valuation
Co
68,709 CQS New Cty H￿h Yield INCYFI
UK Sharo$
21,956 Henderson High Income Trust {HHI)
6,173 City of London ICTY)
4,551 Dunedin Income Growth IDIGI
4,569 Invesco Perpetual UK Smaller Cos IIPUI
10,816 Montanaro UK Smaller Cos IMTUI
4,710 Merchants Trust IMRCH)
62,428 LF Equity Income- suspended lex Woodfordl
International Shares
13,543 Henderson Far East Income {HFELI
11,075 BlackRock Sustainable American Inc (BRSA)
6,194 JPMorgan Japan Smaller Gro & Inc IJSGI)
15,467 EuroFean Assets Tfust IEATI
Themes
4,330 CT Private Equty Tnjst {CTPEI
20,136 Apax Global Apha IAPAXI
15,062 Aberdeen DNersified Income & Growth {ADIG)
Other Assets
52,084 Abrdn Propety Income Trust (API)
30,094 JLEN Environmental Assets Group IJLENI
30,905 GCP Asset Backed Income Fund {GABII
17,282 HICL Snfrastructure Company IHICL}
3,058 BiackRock World Mining Trust IBRWMI
21,602 The Renewables Infraslnjclure Group ITRIGI
16,348 Bluefield SoLqr Income Fund IBSIFI
46,488 B￿PharMa Credrt Inveslments18PCR}
33,996 Sequoia Economic Infrastructure Income (SEQI)
14.686 RM Infrastruture IRMIII
33,427
37,938
37,490
25,433
13,016
19,281
11,113
26,612
612
37,965
24,345
13,485
25,553
16,147
27,821
475
1,088
469
-6,272
-5,034
-1.209
612
34,907
20,655
19,449
14,168
43,755
21,711
32,609
19,570
-8,848
-1,056
-13,160
-5,402
19,745
31,936
12.456
21,601
34,850
15,360
-1,856
-2,914
-2,904
27.943
36,263
21.788
26,874
19.831
27,651
22,593
35,991
27,605
33,927
33.487
29,967
29,290
23,728
26,000
20,070
35.364
35,912
-5.984
2.776
-8,179
-2,416
4,897
1,651
2.523
627
-8,307
-71
578441
652 128
Summary
Bonds
UK Shares
International Shares
Themes
Other Assets
33.427
133,557
89,179
64.137
258 141
5.8%
4,511
-11,759
-28,466
-7,674
15.40
11.1Yo
44.60
100.0%
Page 3

THE D A YARDY CHARITABLE TRUST
INCOME FROM INVESTMENTS - YEAR ENDED 5 APRIL 2023
HARGREAVES LANSDOWN
Secu
Dlvidend
Paid
Bonds
UK Shargs
CQS New Cty Hoh y￿ld INCYF)
3,553
Henderson High Income Trust IHHI)
City of London ICTY}
Dunedin Income Growth (DIG)
Invesco Perpetual UK Smaller Cos (IPUI
Montanaro UK Smaller Cos Iwru)
Merchants Trust IMRCHI
LF Equity Income {ex Woodford)
CT UK High Income {CHI)
Internatlonal Shares
Henderson Far East Income (HFELI
BlackRo¢k Sustainable American Inc {BRSA)
JPMorgan Japan Smaller Gro & Inc IJSGI)
European Assets Trust (EAT)
2,489
1,797
1.257
1,196
891
325
O Suspended
3.237
1,037
Theme8
CT Private Equity Tnjsl ICTPE)
Apax Global Alpha (APAXI
Aberdeen Diversified Income & Growth IADIG)
Bellevue Healthcare Trust IBBHI
Other Assets
Abrdn Propety Income TnJst {API}
JLEN Environmental Assets Group (JLEN}
GCP Asset Backed Income Fund IGABI)
HICL InfrastnJcture Company IHICL)
BlackRock World Mining Trust (BRWMI
The Renewables Infrastructure Group {TRIG)
Bluefield Solar Income Fund IBSIFI
BioPh8rma Credit Investrftenls {BPCR)
Sequoia Economic Infrastructure Income {SEQI)
RM Infraslruture {RMIII
Regional REIT IRGL)
CQS Natural Resources Growth & Income (CYNI
ONew
2.380
846
833
1,681
2,122
2.173
1.426
1,330
1.478
1,352
3.531
1,935
ONew
1.078
188
Average Yl•ld
Page 4