## **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
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**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
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**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
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**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
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**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**
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**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: 1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. 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