Trustees’ Annual Report for the period
From 01/02/2024 To 31/01/2025
Charity name: The Dennard Family Charitable Trust Charity registration number: 1122952
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 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. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | In determining the charity’s activities, the trustees have had regard to the Charity Commission’s guidance on public benefit. |
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 | The charity made charitable grants totaling £43,000 during the year under review, to the following charities: The Salvation Army The Tunbridge Wells Presbyterian Church The Pickering Cancer Drop-In Centre MND Association Friends of High Weald Churches |
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 £4,259 (2024: £15,210). In addition to the free reserves the charity has bank balances of £6,683 (2024: £29,400) and investments valued at £360,814 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 Para 1.46 adopted A description of the principal risks facing the charity Para 1.46 Expendable endowment funds are those which are required to be invested to produce Other 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 | Trust deed dated 5thFebruary 2008 |
| 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)
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 or was reimbursed any expenses in the year under review. Ludlow Trust Company Limited was paid £3,221 for trust administration and cash management services during the year under review. These fees are authorised under clause 6 of the trust deed. |
| Other |
Reference and Administrative details
| Charity name | The Dennard Family Charitable Trust |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1122952 |
| 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 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee(if any) |
|---|---|---|---|---|
| Alistair Jex | ||||
| Ludlow Trust CompanyLtd |
||||
| Gwendoline May Dennard |
||||
– Corporate trustees names of the directors at the date the report was approved
| Director name | ||
|---|---|---|
| Gary 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)
| Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) |
|---|---|---|
| Type of adviser Name Address |
||
| Investment Managers | Coutts | 440 Strand, London, WC2R 0QS |
| Bankers | Coutts | 440 Strand, London, WC2R 0QS |
| Accountants | Charter Tax Consulting Ltd |
8th Floor, 1 Southampton Street, London, WC2R 0LR |
| Independent Examiner | Geoffrey Frost | Blue Spire Limited, Cawley Priory, South Pallant, Chichester, PO19 1SY |
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
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) Position (eg Secretary, Chair, etc) Date |
||
|---|---|---|
| Katie Forder | ||
On behalf of Ludlow Trust Company Ltd (Trustee) |
||
| 1122952 The Dennard Family Charitable Trust 01/02/2024 31/01/2025 CHARITY NO TRUST NAME Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee~~ |
1122952 The Dennard Family Charitable Trust 01/02/2024 31/01/2025 CHARITY NO TRUST NAME Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee~~ |
1122952 The Dennard Family Charitable Trust 01/02/2024 31/01/2025 CHARITY NO TRUST NAME Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee~~ |
1122952 The Dennard Family Charitable Trust 01/02/2024 31/01/2025 CHARITY NO TRUST NAME Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee~~ |
1122952 The Dennard Family Charitable Trust 01/02/2024 31/01/2025 CHARITY NO TRUST NAME Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee~~ |
1122952 The Dennard Family Charitable Trust 01/02/2024 31/01/2025 CHARITY NO TRUST NAME Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee~~ |
1122952 The Dennard Family Charitable Trust 01/02/2024 31/01/2025 CHARITY NO TRUST NAME Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee~~ |
1122952 The Dennard Family Charitable Trust 01/02/2024 31/01/2025 CHARITY NO TRUST NAME Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee~~ |
CC16a ~~-~~ |
|---|---|---|---|---|---|---|---|---|
| Section A Receipts and payments | ||||||||
| 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 | 8,522 | - | - | 8,522 | 8,643 | |||
| Income from Interest | 1,758 | - | - | 1,758 | 1,185 | |||
| Addition to Trust | - | - | - | - | - | |||
| Gift Aid | - | - | - | - | - | |||
| Income from Dividends | - | - | - | - | - | |||
| - | - | - | - | - | ||||
| - | - | - | - | - | ||||
| - | - | - | - | - | ||||
| Sub total(Gross income for AR) |
(Gross income for AR) 10,280 |
- | - | 10,280 | 9,828 | |||
| A2 Asset and investment sales, (see table). Sale of investments - - 297,520 297,520 159,930 - - - - - Sub total - - 297,520 297,520 159,930 Total receipts 10,280 - 297,520 307,800 169,758 ~~—————~~ |
||||||||
| A3 Payments | ||||||||
| Charitable Payments | 43,000 | - | - | 43,000 | 1,500 | |||
| Investment Management Fees + VAT | - | - | 1,942 | 1,942 | 1,164 | |||
| Trust Administration Fees + VAT | 3,161 | - | - | 3,161 | 2,940 | |||
| Independent Examination | - | - | - | - | - | |||
| Cash Management Fee | 60 | - | - | 60 | 67 | |||
| - | - | - | - | - | ||||
| - | - | - | - | - | ||||
| - | - | - | - | - | ||||
| - | - | - | - | - |
Sub total [ 46,221 ] - 1,942 48,163 5,671 A4 Asset and investment purchases, (see table) Investment purchases 293,305 293,305 160,656 - - - - - Sub total [ - ] - 293,305 293,305 160,656 ~~S555~~ Total payments 46,221 - 295,247 341,468 166,327 Net of receipts/(payments) - 35,941 - 2,273 - 33,668 3,431 A5 Transfers between funds 24,990 - - 24,990 - - A6 Cash funds last year end 15,210 - 29,400 44,610 41,179 Cash funds this year end ~~SSS]~~ 4,259 - 6,683 10,942 44,610
CCXX R1 accounts (SS)
24/11/2025
1
| Section B Statement of assets and liabilities at the end of the period | Section B Statement of assets and liabilities at the end of the period | Section B Statement of assets and liabilities at the end of the period | |
|---|---|---|---|
| Categories Signed by one or two trustees on behalf of all the trustees B5 Liabilities B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use B1 Cash funds |
Details Coutts investment portfolio Details Details Details Total cash funds (agree balances with receipts and payments account(s)) Details Capital account Income account Signature |
Unrestricted funds Restricted funds to nearest £ to nearest £ - - 4,259 - - - 4,259 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) Endowment - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - Print Name Katie Forder on behalf of Ludlow Trust CompanyLimited(Trustee) |
Endowment funds to nearest £ |
| 6,683 | |||
| - | |||
| - | |||
| 6,683 | |||
| OK | |||
| Endowment funds to nearest £ |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| 360,814 | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
|||
| Date of approval |
|||
| Katie Forder on behalf of Ludlow Trust CompanyLimited(Trustee) |
|||
CCXX R2 accounts (SS)
24/11/2025
2
Independent Examiner's Report to the Trustees of The Dennard Family Charitable Trust
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 January 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 Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY