THE DENNIS ALAN YARDY CHARITABLE TRUST ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2024
THE D A YARDY CHARITABLE TRUST Annual Report for the year ended 5 April 2024 The full name of the charity is "The Dennis Alan Yardy Charitable Trust 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 Farm, 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 (Died 23 March 2024). The charity's main agents and advisors are: Bankers: Weatherby's Bank, Sanders Road, Wellingborough, Northampton, NN8 4BX Investment: Hargreaves Lansdown Asset Management Limited, One College Square South, Anchor Road, Bristol, BS15HL Independent Examiner: Karen Leaper, KLL Accounting, 77 Edgehill Drive, Daventry, NN11 OGR 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 capital towards charitsble purposes for the public benefit, making donations to charitable institutions at such times and in such manner as the trustees think fit. The trustees have had due regard for the Charities Commission public benefit guidan when exercising their powers and duties. The charity has no paid staff and is administered by the trustees. The trustees are very sorry to report the death of Simon Bown following a short illness on the 23 March 2024. Simon's contributions to the Charity in managing the investment policy, commenting on financial and market trends at trustee meetings and preparing the draft accounts was very much appreciated by the trustees and his insight on financial matters will be very much missed. During the year the charity made donations of £26,000 but one recipient failed to present the cheque sent to it and the cheque has expired. These donations were made out of net income for the year of £40,835, leaving a surplus in receipts over payments of £14,308. There was a loss on disposal of investments of £33,698 leading to a decrease in the Trust fund of £18.890 in the year when valuing investments at cost
On a current value basis, the value of the Fund decreased in the year by £49,905 to £641,664. The fund value continues to be adversely affected by difficult market conditions following the invasion of Ukraine in February 2022 and the subsequent increase in inflation, with interest rates progressively uplifted in an attempt to control inflation with this trend continuing through into 2024. <J¥ 5kn 2024 For and on behalf of the Trustees
THE D A YARDY CHARITABLE TRUST TRUSTEES. DECLARATION Charity Name: The Dennis Alan Yardy Charitable Trust Charity Commission Number: 1039719 Financial Year to: 5 April 2024 Declaration: The accounts for the year to 5 April 2024 set out on pages 1 to 6, which have been prepared on the receipts 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 Date: fvEv 2024
Independent Examiners Report to The Dennis Yardy Charitable Trust th This report on the accounts of The Dennis Hardy Charitable Trust for the year ended 5 April 2024 Respective responsibilities of trustees and examiner As members of The Dennis Yardy Charitable Trust, you are responsible for the preparation of the financial statements. You consider that the audit requirement of the Regulations and section 144(2} of the Act do not apply and that an independent examination is needed. It is my responsibility to issue this report on those financial statements in accordance with the terms of the Regulation5. Basis of independent examiners report My examination was carried out in accordance with the General Directions given by the Charity Commission under section 145 of the Charities Act. It is my responsibility to follow the procedure laid down in 145 (5llb) of the Act. That examination includes a review of the accounting records kept by The Dennis Yardy Charitable trust and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the financial statements and seeking explanations from you as 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 examiners statement In connection with my examination, no matter has come to my attention". l} Which gives me reasonable cause to believe that in any material respect the requirements To keep accounting records in accordance with section 130 of the Act; and To prepare accounts which accord with the accounting records and to comply with the requirements of the Charitles 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. Karen Leaper KLL Accounting 77 Edgehill Drive Daventry Northamptonshire NNII OGR th 28 November 2024
The DA Yardy CharitableTrust Statement of A55ets and Liabilities As at 5 April 2024 Trust Fund 05-Apr-24 641.664 O&Apr-23 673,180 Current Value Previous Year 549,588 599,493 Represented by Investments at cost per schedule Deposit with Hargreaves Lansdown Weatherby's Bank Accounts 639,533 652,128 8,040 13.012 2,131 641,664 673,180 Page I
The DA Yardy Charitable trust Receipts and Payments Account Forthe Yearended 5April 2024 Yearto 0S-Apr-24 Yearto 05-Apr-23 Receipts Income from Assets: Dividends and Interest 40835 40932 Payments Administrative Expenditure Post Box fee Bank Charges Legal Entity Register Hargreaves Lansdown fees Postage 330 300 217 160 37 527 26000 517 37500 38017 Donations 26527 Net receipts/(Payment5} ProfiVLoss on sale of investments Net Payments/Receipts including capital items 14308 2915 -19390 Trust Fund at 5 Apri12023 -6929 673180 Trust Funa as at5 Apri12024 549588 Page 2
THE DA YARDY CHARITABLETRUST SCHEDULE OF INVESTMENTS-YEAR ENDED 5 APRIL2024 HOLDING SECURITY Valuation C05t GainlLoss Bonds 69664 CQS New City High Yield Fun(J Ltd Ord NPV 36,086 37,521 -1,435 UK Shares 21956 Henderson High IncTrust pLc Ord 5p Share 6173 City of London InvestmentTrust Ord 25p 10816 Montanaro UK SmalLer Cos Invest ORD GBPO.02 4710 MerchantsTrust plc ordinary 25p 62428 LF Equity Income Class Z- Income GBP 33,867 24.815 10,870 24,680 518 37,965 24,345 16,147 27,821 -4,098 470 -5,277 -3,141 518 94,750 106,278 -11,528 Internatlonal Shares 16229 Henderson Far East Income Lto Oro NPV 11075 BlackRock Sustainable American IncomeTrust 15467 European AssetsTrust GBPO. 10 35,826 21,929 13.178 49,274 -13,448 21,711 218 19,570 -6.392 70,933 90,555 -19,622 Themes 5372 CT Private Equity Trust PLC Ord Ip 20136 Apax GlobalAlpha Limited Ord NPV 24,469 29,177 26,601 34.850 -2.132 -5,673 53,646 61,451 -7,805 OtherAssets 52084 Abrdn Property IncomeTrust Ltd Ord Ip 30905 GCP Asset Backed Income Fund Limited Ordinary NPV 21683 HICL Infrastructure plcORD GBPO.0001 3058 BlackRockWorld Mining Ordinary5p 18000 The RenewabLes Infrastructure Group Ord 16348 Bluefield Solar Income Fund Limited Ord 46487 BioPharma Credit plc ORD USDO.01 33996 Sequuoia Economic Infrastructure Income 25,326 21,015 27,082 16.391 17,829 16.127 32,543 27,690 33,927 29,967 34,973 23,728 21,665 20,070 34,861 35,912 -8,601 -8.952 -7.891 -7,337 -3.836 -3,943 -2,318 184,003 235,103 -51.100
New Investments 202312024 7786 MercantiLe Investment Trust Ord 2.5p 5931 JPMorgan GlobaLGrowth & Income plc Ordinary5p 1126 NB Private Equity partners Ltd Ord USDO.01 10264 CVC Income & Growth Limited Ord NPV 12723 JPM GLobaL Emerging Markets IncTst Ordlp 14816 Foresight EnvironfflentaL Infrastructure Ltd NPV 17,304 32,917 18,410 11.547 16.858 13.134 16.359 31,684 17,862 10,482 15,751 16,487 945 1,233 548 1,065 1,107 -3,353 110,170 108.625 1,545 Sulnmary Bonds UK Shares Internationaishares Themes OtherAssets New Investments 36,086 94,750 70,933 53.646 184,003 110,170 -1,435 17.2 -11.528 -19,622 -7,805 33.5 -51,100 20.0 1,545 549,588 100 -89,945 549,588 639,533 -89,945
THE DA YARDY CHARITABLETRUST INCOME FROM INVESTMENTS- YEAR ENDED 5 APRIL2024 HARGEAVES LANSDOWN SECURITY Dividend Paid Bonds CQS New City High Yiel(i Funtj Ltd Ord NPV 3272.70 UK Shares Henderson High Inc Trust plc Ord Sp Share City of London InvestmentTrust Ord 25p Dunedin Inc Growth InvestmentTrust Ord 25p Invesco Perpetual UKSmir Co InvTOrd 20p Montsnaro UK Smaller Cos Invest ORD GBPO.02 Merchants Trust plc ordinary 25p 2272.46 1246.96 623.48 662.06 493.21 1332.93 6631.10 International Shares Henderson Far East Income Ltd Ord NPV BlackRockSustalnable American IncomeTrust JPM Japan Small Cap growth & Income Ord lop European Assets Trust GBPO. 10 3454.79 886.00 879.54 900.95 6121.28 Themes CT Private Equity Trust PLC Ord Ip Apax GlobalAlpha Limitecf Ord NPV Abr(In Diversified Income & Growth Trust Ord 1348.11 2283.42 676.28 4307.81 Other Assets Abrdn Property Income Trust Ltd Ord 25p JLEN EnvironmentalAssets Group NPV GCP Asset Backed Income Fund Limited HICL Infrastructure plcORD GBPO.0001 BlackRockWorld Miningordinary 5p The Renewables Infrastructure Group Ord 1833.56 1380.22 1954.76 1607.09 1223.20 1486.38
Bluefield Solar Income Fund Limited Ord BioPharma Credit plc ORD USDO.01 Sequoia Economic Infrastructure Income RM Infrastructure Income plc ORD GBPO.01 1422.28 5005.46 2337.24 477.30 18727.49 New Investments 202312024 JPM Global Emerging Markets IncTst Ordlp Mercantile Investment Trust Ord 2.5p NB Private Equity partners Ltd Ord USDO.01 CVC Income & Growth Limited Ord NPV 127.23 112.90 835.73 615.84 1691.70 Interest Dennis Yardy Charitable trust 83.07 40835.15 Average Yleld f*Q