Annual Report 2024 to 2025 The Barbara and Philip Denny Charitable Trust 1130744 2024/25 is the 16th year of the Trust
We have continued to update the website with reports received from those who have benefitted from the gifts we give to Arvon, The House of Illustration now renamed Quentin Blake Centre for Illustration and Fulham Palace. The reports show how the funds help many people.These reports can be viewed on The Barbara and Philip Denny Charitable Trust
The Website continues to develop and keeps Barbara and Philip’s memory alive and shows how people are benefitting from their Trust. We are grateful for the help from me&him each year to update the website.
The Trustees have taken the decision to continue to support the three beneficiaries all gifts given in January.
The Arvon Foundaton £10,000 for courses and workshops for a wide range of Students. Two of our trustees have made a second visit to The Hurst, previously the home of John Osborne in Shropshire to meet managers and students taking part in workshops partally funded by the trust.
Fulham Palace £26000 to support Their Hortcultural Apprentceship.
Quentn Blake Centre for Illustraton £15000 To fund Illustrators and projects while their new premises are being refurbished.
The Trustees visit the above to see the developments, exhibitions and try to meet as many of those who benefit from the funding. We highly recommend a visit to the gardens at Fulham Palace .
The Trust Funds continues to be invested by Altorfer Financial Management Ltd. The funds continue to grow which allows The Trustees to continue to award funds of more than £51,000
We continue to look to the future and are looking for more ideas and planning the way forward for the Trust and how to continue to use the funds with care.
Charity number: 1130744
The Barbara and Philip Denny Charitable Trust
Report of the Trustees and Unaudited Financial Statements
For the year ended 05 April 2024
The Barbara and Philip Denny Charitable Trust Contents Page For the year ended 05 April 2024
| Report of the Trustees | 1 |
|---|---|
| Independent Examiner's Report to the Trustees | 2 |
| Statement of Financial Position | 3 |
| Notes to the Financial Statements | 4 to 6 |
| Detailed Statement of Financial Activities | 7 |
The Barbara and Philip Denny Charitable Trust Report of the Trustees
For the year ended 05 April 2024
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 05 April 2024. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity The Barbara and Philip Denny Charitable Trust Charity registration number 1130744 Principal address 34 South Vale London SE19 3BA
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Jenny Birtwistle Terry O'Neill Ted Jones Clara Chandler Independent examiners Michael Diner Accountants and Tax Practitioners 39 Steeple Close Poole BH17 9BJ
Approved by the Board of Trustees and signed on its behalf by
............................................................................. 15 July 2024 Terry O'Neill
1 of 7
The Barbara and Philip Denny Charitable Trust Independent Examiners Report to the Trustees
For the year ended 05 April 2024
I report to the trustees on my examination of the accounts of the charity for the year ended 05 April 2024.
Responsibilities and basis of report
As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 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 examiners statement
I have completed my examination. I confirm that no 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 2011 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.
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.
Michael Diner Accountant Michael Diner Accountants and Tax Practitioners 39 Steeple Close Poole BH17 9BJ
15 July 2024
2 of 7
The Barbara and Philip Denny Charitable Trust Statement of Financial Position As at 05 April 2024
| Notes Fixed assets Investments 11/12 Current assets Cash at bank and in hand Net current assets Total assets less current liabilities Net assets The funds of the charity Unrestricted income funds Revaluation reserve Total funds |
£ 2024 340,072 340,072 828 828 828 340,900 340,900 332,589 8,311 340,900 |
£ 2023 375,673 |
|---|---|---|
| 375,673 | ||
| 1,440 | ||
| 1,440 | ||
| 1,440 | ||
| 377,113 | ||
| 377,113 | ||
| 390,204 (13,091) |
||
| 377,113 |
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Jenny Birtwistle Trustee 15 July 2024
3 of 7
The Barbara and Philip Denny Charitable Trust Notes to the Financial Statements
For the year ended 05 April 2024
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011.
The Barbara and Philip Denny Charitable Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Going concern
Transact fund realised gains Altofer fund unrealised gains Transact fund unrealised gains
3. Investment income
| Unrestricted funds Income from listed investments xpenditure on generating donations and legacies Unrestricted funds Support costs nvestment management costs Unrestricted funds Investment management fees |
2024 £ 11,454 11,454 2024 £ 70,000 70,000 2024 £ 6,174 6,174 |
2023 £ 10,151 |
|---|---|---|
| 10,151 | ||
| 2023 £ 50,000 |
||
| 50,000 | ||
| 2023 £ 7,723 |
||
| 7,723 |
4. Expenditure on generating donations and legacies
5. Investment management costs
4 of 7
The Barbara and Philip Denny Charitable Trust Notes to the Financial Statements Continued
For the year ended 05 April 2024
8. Analysis of support costs
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Bank interest received | ||
| TRUST DONATIONS | 70,000 | 50,000 |
9. Particulars of employees
| 2024 | 2023 | |
|---|---|---|
| Trustees | 4 | 4 |
| 4 | 4 | |
| Investments | ||
| 11. Analysis of movement of commercial investments | ||
| Listed | ||
| investments | ||
| £ | ||
| Market value at 06 | 375,673 | |
| April 2023 | ||
| Additions to | 9,500 | |
| investment at cost | ||
| Disposals at carrying | (67,621) | |
| value | ||
| Net gain/(loss) on | 22,520 | |
| revaluation | ||
| Market value at 05 | 340,072 | |
| April 2024 | ||
| 12. Analysis of investments between funds as at year ended 05 April 2024 | ||
| 2024 | 2023 | |
| £ | £ | |
| Unrestricted funds | ||
| Listed investments | 340,072 | 375,673 |
| 340,072 | 375,673 |
5 of 7
The Barbara and Philip Denny Charitable Trust Notes to the Financial Statements Continued
For the year ended 05 April 2024
14. Analysis of net assets between funds
| Investments | Net current | Net Assets | |
|---|---|---|---|
| assets / | |||
| (liabilities) | |||
| £ | £ | £ | |
| Unrestricted funds | |||
| General | |||
| Transact fund | 340,072 | - | 340,072 |
| General fund | - | 828 | 828 |
| 340,072 | 828 | 340,900 | |
| Previous year | |||
| Investments | Net current | Net Assets | |
| assets / | |||
| (liabilities) | |||
| £ | £ | £ | |
| Unrestricted funds | |||
| General | |||
| Transact fund | 375,673 | - | 375,673 |
| General fund | - | 1,440 | 1,440 |
| 375,673 | 1,440 | 377,113 |
6 of 7
The Barbara and Philip Denny Charitable Trust Detailed Statement of Financial Activities
For the year ended 05 April 2024
| INCOME AND ENDOWMENT Investments Income from listed investments Total incoming resources EXPENDITURE Investment management costs Investment management costs SUPPORT COSTS TRUST DONATIONS TRUST DONATIONS Total resources expended NET INCOME BEFORE GAINS AND LOSSES Other recognised gains and losses Gains/(loss) on disposal of investments Net income before gains and losses Net Expenditure |
£ 2024 11,454 11,454 11,454 (6,174) (6,174) (70,000) (70,000) (76,174) 7,105 7,105 7,105 (57,615) |
£ 2023 10,151 |
|---|---|---|
| 10,151 | ||
| 10,151 (7,723) |
||
| (7,723) (50,000) |
||
| (50,000) | ||
| (57,723) 2,783 |
||
| 2,783 | ||
| 2,783 | ||
| (44,789) |
7 of 7 This page does not form part of the statutory financial statements
Charity number: 1130744
The Barbara and Philip Denny Charitable Trust
Report of the Trustees and Unaudited Financial Statements
For the year ended 05 April 2024
The Barbara and Philip Denny Charitable Trust Contents Page For the year ended 05 April 2024
| Report of the Trustees | 1 |
|---|---|
| Independent Examiner's Report to the Trustees | 2 |
| Statement of Financial Position | 3 |
| Notes to the Financial Statements | 4 to 6 |
| Detailed Statement of Financial Activities | 7 |
The Barbara and Philip Denny Charitable Trust Report of the Trustees
For the year ended 05 April 2024
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 05 April 2024. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity The Barbara and Philip Denny Charitable Trust Charity registration number 1130744 Principal address 34 South Vale London SE19 3BA
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Jenny Birtwistle Terry O'Neill Ted Jones Clara Chandler Independent examiners Michael Diner Accountants and Tax Practitioners 39 Steeple Close Poole BH17 9BJ
Approved by the Board of Trustees and signed on its behalf by
............................................................................. 15 July 2024 Terry O'Neill
1 of 7
The Barbara and Philip Denny Charitable Trust Independent Examiners Report to the Trustees
For the year ended 05 April 2024
I report to the trustees on my examination of the accounts of the charity for the year ended 05 April 2024.
Responsibilities and basis of report
As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 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 examiners statement
I have completed my examination. I confirm that no 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 2011 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.
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.
Michael Diner Accountant Michael Diner Accountants and Tax Practitioners 39 Steeple Close Poole BH17 9BJ
15 July 2024
2 of 7
The Barbara and Philip Denny Charitable Trust Statement of Financial Position As at 05 April 2024
| Notes Fixed assets Investments 11/12 Current assets Cash at bank and in hand Net current assets Total assets less current liabilities Net assets The funds of the charity Unrestricted income funds Revaluation reserve Total funds |
£ 2024 340,072 340,072 828 828 828 340,900 340,900 332,589 8,311 340,900 |
£ 2023 375,673 |
|---|---|---|
| 375,673 | ||
| 1,440 | ||
| 1,440 | ||
| 1,440 | ||
| 377,113 | ||
| 377,113 | ||
| 390,204 (13,091) |
||
| 377,113 |
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Jenny Birtwistle Trustee 15 July 2024
3 of 7
The Barbara and Philip Denny Charitable Trust Notes to the Financial Statements
For the year ended 05 April 2024
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011.
The Barbara and Philip Denny Charitable Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Going concern
Transact fund realised gains Altofer fund unrealised gains Transact fund unrealised gains
3. Investment income
| Unrestricted funds Income from listed investments xpenditure on generating donations and legacies Unrestricted funds Support costs nvestment management costs Unrestricted funds Investment management fees |
2024 £ 11,454 11,454 2024 £ 70,000 70,000 2024 £ 6,174 6,174 |
2023 £ 10,151 |
|---|---|---|
| 10,151 | ||
| 2023 £ 50,000 |
||
| 50,000 | ||
| 2023 £ 7,723 |
||
| 7,723 |
4. Expenditure on generating donations and legacies
5. Investment management costs
4 of 7
The Barbara and Philip Denny Charitable Trust Notes to the Financial Statements Continued
For the year ended 05 April 2024
8. Analysis of support costs
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Bank interest received | ||
| TRUST DONATIONS | 70,000 | 50,000 |
9. Particulars of employees
| 2024 | 2023 | |
|---|---|---|
| Trustees | 4 | 4 |
| 4 | 4 | |
| Investments | ||
| 11. Analysis of movement of commercial investments | ||
| Listed | ||
| investments | ||
| £ | ||
| Market value at 06 | 375,673 | |
| April 2023 | ||
| Additions to | 9,500 | |
| investment at cost | ||
| Disposals at carrying | (67,621) | |
| value | ||
| Net gain/(loss) on | 22,520 | |
| revaluation | ||
| Market value at 05 | 340,072 | |
| April 2024 | ||
| 12. Analysis of investments between funds as at year ended 05 April 2024 | ||
| 2024 | 2023 | |
| £ | £ | |
| Unrestricted funds | ||
| Listed investments | 340,072 | 375,673 |
| 340,072 | 375,673 |
5 of 7
The Barbara and Philip Denny Charitable Trust Notes to the Financial Statements Continued
For the year ended 05 April 2024
14. Analysis of net assets between funds
| Investments | Net current | Net Assets | |
|---|---|---|---|
| assets / | |||
| (liabilities) | |||
| £ | £ | £ | |
| Unrestricted funds | |||
| General | |||
| Transact fund | 340,072 | - | 340,072 |
| General fund | - | 828 | 828 |
| 340,072 | 828 | 340,900 | |
| Previous year | |||
| Investments | Net current | Net Assets | |
| assets / | |||
| (liabilities) | |||
| £ | £ | £ | |
| Unrestricted funds | |||
| General | |||
| Transact fund | 375,673 | - | 375,673 |
| General fund | - | 1,440 | 1,440 |
| 375,673 | 1,440 | 377,113 |
6 of 7
The Barbara and Philip Denny Charitable Trust Detailed Statement of Financial Activities
For the year ended 05 April 2024
| INCOME AND ENDOWMENT Investments Income from listed investments Total incoming resources EXPENDITURE Investment management costs Investment management costs SUPPORT COSTS TRUST DONATIONS TRUST DONATIONS Total resources expended NET INCOME BEFORE GAINS AND LOSSES Other recognised gains and losses Gains/(loss) on disposal of investments Net income before gains and losses Net Expenditure |
£ 2024 11,454 11,454 11,454 (6,174) (6,174) (70,000) (70,000) (76,174) 7,105 7,105 7,105 (57,615) |
£ 2023 10,151 |
|---|---|---|
| 10,151 | ||
| 10,151 (7,723) |
||
| (7,723) (50,000) |
||
| (50,000) | ||
| (57,723) 2,783 |
||
| 2,783 | ||
| 2,783 | ||
| (44,789) |
7 of 7 This page does not form part of the statutory financial statements