Trustees’ Annual Report for the period
From 01 February 2025 To 31 January 2026
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 | To hold the capital and income upon trust to apply the income and all or such parts of the capital at such time or times and in such a 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 Para 1.38 including program related investment Contribution made by Para 1.38 volunteers 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 | During the year under review the charity made grants as follows: • SAFE Arts For Education - £6,000 • MND Association - £5,000 • Friends of Essex and London Homeless - £5,000 • Movember Europe - £2,000 • Friends of Waverley Abbey - £2,700 • The Pickering Cancer Drop In Centre - £5,000 |
Additional information (optional)
You may choose to include further statements where relevant about:
Achievements against Para 1.41 objectives set Performance of fundraising Para 1.41 activities against objectives set Investment performance Para 1.41 against objectives Other
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | Total incoming resources for the year were £7,542 (2025: £10,280), comprising investment income and bank interest. During the year the charity made grants totaling £25,700 (2025: £43,000), funded in part by a transfer of £19,365 (2025: £24,990) from the expendable endowment fund to unrestricted funds to support grant- making activities. At the year end the charity held total cash balances of £18,422 (2025: £10,942), of which £1,807 (2025: £4,259) represents unrestricted free reserves. In addition, the charity held investments within the expendable endowment fund with a market value of £345,995 (2025: £360,814 These funds are available at the discretion of the trustees to support the charity’s objectives. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The trustees aim to maintain a modest level of free reserves to provide flexibility in the timing of grant-making and to meet ongoing administration costs. Given the availability of the expendable endowment fund, which can be drawn upon at the trustees’ discretion, the charity does not consider it necessary to hold significant unrestricted reserves. The level of free reserves is reviewed regularly by the trustees to ensure it remains appropriate in light of planned activities and expected income. |
| Amount of reserves held | Para 1.22 | At the end of the reporting period the charity had free reserves of £1,807 (2025: £4,259). |
| Reasons for holding zero reserves |
Para 1.22 | N/A |
| Details of fund materially in deficit |
Para 1.24 | No funds in deficit |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | N/A |
Additional information (optional) You may choose to include further statements where relevant about: The charity’s principal Para 1.47 sources of funds (including any fundraising) Investment policy and Para 1.46 objectives including any social investment policy adopted A description of the principal Para 1.46 risks facing the charity 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)
| Additional information (optional) | Additional information (optional) | Additional information (optional) |
|---|---|---|
| Youmay choose toincludefurtherstatementswhererelevant 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 Ltd was paid £3,059 (2025: £3,221) for trust administration and cash management fees 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 | None |
| Registered charity number | 1122952 |
| Charity’s principal address | Ludlow Trust Company Ltd, Tower Wharf, Cheese Lane, Bristol, BS2 0JJ |
Names of the charity trustees who manage the charity
Trustee Name |
Office (If Any) |
Dat acted for if not whole year |
Name of person (or body) entitled to appoint trustee (if any) |
|---|---|---|---|
| Ludlow Trust Company Limited |
|||
| Gwendoline May Dennard |
|||
| Alistair Jex |
– Corporate trustees names of the directors at the date the report was approved
| Director name | ||
|---|---|---|
| Gary St John Collins | resigned 31 March 2026 | |
| Walter Duncan Coxon | ||
| Ali Reza Sarikhani | ||
| Ziba Christina Sakine Sarikhani |
||
| Christopher Ian Thurlow | ||
| Matthew John Wickers | ||
| Alexander Edward Mulroe | appointed 1 April 2026 |
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 |
N/A |
|---|---|
| Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects |
N/A |
| Details of arrangements for safe custody and segregation of such assets from the charity’s own assets |
N/A |
Additional information (optional)
Names and addresses of advisers (Optional information)
| Type of adviser | Name | Address |
|---|---|---|
| Investment Managers | Coutts & Co | 440 Strand, London, WC2R 0QS |
| Bankers | Coutts & Co | 440 Strand, London, WC2R 0QS |
| Accountants | Charter Tax Consulting Limited |
8th Floor, 1 Southampton St, London WC2R 0LR |
| Independent Examiner | James O’Rourke | 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) Katie Forder Position (eg On behalf of Ludlow Trust Secretary, Chair, etc) Company Ltd (Trustee) Date 22 May 2026
The Dennard Family Charitable Trust 1122952
Receipts and payments accounts For the period Period start date Period end date To from 01/02/2025 31/01/2026
CC16a
Section A Receipts and payments
| A1 Receipts | Unrestricted funds to the nearest £ 6,616 926 - 7,542 - - - 7,542 25,700 - 3,017 600 42 - 29,359 - - - 29,359 - 21,817 19,365 4,259 1,807 |
Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - |
Endowment funds to the nearest £ - - - - 106,082 - 106,082 106,082 - 1,579 - - - - 1,579 75,206 - 75,206 76,785 29,297 - 19,365 6,683 16,615 |
Total funds to the nearest £ 6,616 926 - 7,542 106,082 - 106,082 113,624 25,700 1,579 3,017 600 42 - 30,938 75,206 - 75,206 106,144 7,480 - 10,942 18,422 |
Last year to the nearest £ |
|---|---|---|---|---|---|
| Income from investments | 6,616 | 8,522 | |||
| Income from Interest | 926 | 1,758 | |||
| - | - | ||||
| Sub total(Gross income for AR) |
7,542 | 10,280 | |||
| A2 Asset and investment sales, (see table). |
|||||
| Sale of investments | - | 297,520 | |||
| - | - | ||||
| Sub total | - | 297,520 | |||
| Total receipts A3 Payments |
|||||
| 307,800 | |||||
| Charitable Payments | 25,700 | 43,000 | |||
| Investment Management Fees + VAT | - | 1,942 | |||
| Trust Administration Fees + VAT | 3,017 | 3,161 | |||
| Independent Examination | 600 | - | |||
| Cash Management Fee | 42 | 60 | |||
| - | - | ||||
| **Sub total ** | 29,359 | 48,163 | |||
| A4 Asset and investment purchases, (see table) |
|||||
| Investmentpurchases | - | 293,305 | |||
| - | - | ||||
| **Sub total ** | - | 293,305 | |||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
|||||
| 341,468 | |||||
| - 21,817 | - | 29,297 | 7,480 | - 33,668 | |
| 19,365 | - | - 19,365 | - | - | |
| 4,259 | - | 6,683 | 10,942 | 44,610 | |
| 1,807 | - | 16,615 | 18,422 | 10,942 |
CCXX R1 accounts (SS)
21/05/2026
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 £ - - 1,807 - - - 1,807 - 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 £ |
| 16,615 | |||
| - | |||
| - | |||
| 16,615 | |||
| OK | |||
| Endowment funds to nearest £ |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| 345,995 | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
|||
| Date of approval |
|||
| Katie Forder on behalf of Ludlow Trust CompanyLimited(Trustee) |
22 May 2026 | ||
CCXX R2 accounts (SS)
21/05/2026
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 2026.
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.
-
accounts comply with regulations
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.
James O’Rourke FCA Date Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY
22 May 2026