2026-01-31-accounts - The Pell Charitable Trust

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Trustees' Annual Report					for theperiod
From	Period start date			To	Period end date
	Day 01	Month February	Year 2025		Day 31	Month January	Year 2026

Section A Reference and administration details

Charity name The Pell Charitable Trust

Other names charity is known by None Registered charity number (if any) 1135398 Charity's principal address Trustee Department 1[st] Floor, Tower Wharf Cheese Lane, Bristol Postcode BS2 0JJ

Names of the charity trustees who manage the charity

1 2 3 4 5 8 10 11 12 13 14 15 16 17 18	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (if any)
	Gordon Francis Pell
	Marian Priscilla Pell
	Oliver David Pell
	Victoria Lundgren
	Ludlow Trust Company Limited		From: 01/05/2024

Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year

TAR

March 2012

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 & Co	440 The Strand, London, WC2R 0QS
Bankers	Coutts & Co	440 The Strand, London, WC2R 0QS
Independent Examiner	Katie Wilson	Blue Spire Limited, Cawley Priory, South Pallant, Chichester, West Sussex, PO19 1SY
Trust Administrators	Ludlow Trust Co Ltd	Ludlow Trust Co Ltd, Tower Wharf, Cheese Lane, Bristol, BS2 0JJ

Name of chief executive or names of senior staff members (Optional information)

Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document

The trust is governed by trust deed dated 19 March 2010.

(eg. trust deed, constitution)

How the charity is constituted

Trust

(eg. trust, association, company)

Trustee selection methods

(eg. appointed by, elected by)

Trustees are appointed by the Settlors jointly, or survivors of them, during their lifetimes and subject to this by the trustees.

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

policies and procedures adopted for the induction and training of trustees;
the charity’s organisational structure and any wider network with which the charity works;
relationship with any related parties;
trustees’ consideration of major risks and the system and procedures to manage them.

TAR

March 2012

Section C Objectives and activities

The objects of the charity are to further such objects or purposes which are exclusively charitable according to the law of England and Wales in any Summary of the objects of the part of the world and in such manner as the trustees may in their absolute charity set out in its discretion think fit. governing document Summary of the main activities undertaken for the In furtherance of the charity’s objects for the public benefit the trustees public benefit in relation to shall provide grants. In determining the charity’s activities the trustees these objects (include within have had regard to the Charity Commission’s guidance on public benefit. this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

Additional details of objectives and activities (Optional information)

You may choose to include further statements, where relevant, about:

policy on grantmaking;
policy programme related investment;
contribution made by volunteers.

Section D Achievements and performance

Summary of the main During the year under review the charity made grants to 26 different achievements of the charity organisations, totalling £205,840. during the year

Section E Financial review

At the end of the reporting period the charity had reserves of £51,765 Brief statement of the (2025: £25,444). In addition to the free reserves the charity has bank charity’s policy on reserves balances of £134,656 (2025: £140,085) and investments valued at £1,486,870 (2025: £1,114,064) within the endowment fund. 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. Details of any funds materially No funds in deficit in deficit

TAR

March 2012

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

the charity’s principal sources of funds (including any fundraising);
how expenditure has supported the key objectives of the charity;
investment policy and objectives including any ethical investment policy adopted.

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s)[Katherine Forder ] Position (eg Secretary, On behalf of Ludlow Trust Company Chair, etc) Limited(Trustee)

Date

20 May 2026

TAR

March 2012

	The Pell Charitable Trust	The Pell Charitable Trust	The Pell Charitable Trust	1135398	CC16a
	For the period from	01.02.2025 Period start date	To	31.01.2026 Period end date

Section A Receipts and payments
A1 Receipts	Unrestricted funds to the nearest £ 24,474 10,435 - - - - - - 34,909 - - - 34,909 205,840 - 15,576 780 - - - - - 222,196 - - - 222,196 (187,287) 213,608 25,444 51,765	Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Endowment funds to the nearest £ - - 225,020 - 280,154 - - - 505,174 335,266 - 335,266 840,440 - 6,185 - - - - - - - 6,185 626,076 - 626,076 632,261 208,179 (213,608) 140,085 134,656	Total funds to the nearest £ 24,474 10,435 225,020 - 280,154 - - - 540,083 335,266 - 335,266 875,349 205,840 6,185 15,576 780 - - - - - 228,381 626,076 - 626,076 854,457 20,892	Last year to the nearest £
Income from investments	24,474				23,465
Interest received	10,435				4,150
Donation to trust from Settlor	-				400,004
Historic investment managers fee compensation	-				12,400
HMRC Gift Aid	-				-
	-				-
	-				-
	-				-
*Sub total*(Gross income for AR)	34,909				440,019

A2 Asset and investment sales, (see table).
Sale of investments	-				915,742
	-				-
*Sub total*	-				915,742
*Total receipts* A3 Payments
					1,355,761

Grants awarded	205,840				188,010
Investment managers fee(VAT inclusive)	-				5,383
Trust administration fee(VAT inclusive)	15,576				6,958
Independent Examiners fee	780				780
	-				-
	-				-
	-				-
	-				-
	-				-
**Sub total **	222,196				201,131

A4 Asset and investment purchases, (see table)
Investmentpurchases	-				1,197,860
	-				-
**Sub total **	-				1,197,860
*Total payments* *Net of receipts/(payments)* A5 Transfers between funds A6 Cash funds last year end *Cash funds this year end*
					1,398,991

	(187,287)	-	208,179	20,892	- 43,230
	213,608	-	(213,608)	-	-
	25,444	-	140,085	165,529	208,759
	51,765	-	134,656	186,421	165,529

CCXX R8 accounts (SS)

20/05/2026

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 B1 Cash funds B2 Other monetary assets B4 Assets retained for the charity’s own use B5 Liabilities B3 Investment assets	Signature Details Bank Account Capital Current Account Capital Bank Account Income IM Account Capital IM Account Income Details *Total cash funds* (agree balances with receipts and payments account(s)) Details Details Investment portfolio Details	Unrestricted funds Restricted funds to nearest £ to nearest £ - - 49,355 - - - 2,410 - - - - - 51,765 - 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 Katherine Forder on behalf of Ludlow Trust CompanyLimited(Trustee)	Endowment funds to nearest £
			8,340
			-
			126,316
			-
			-
			-
			134,656
			OK
			Endowment funds to nearest £
			-
			-
			-
			-
			-
			-
			Current value (optional)
			1,486,870
			-
			-
			-
			-
			Current value (optional)
			-
			-
			-
			-
			-
			-
			-
			When due (optional)



			Date of approval
		Katherine Forder on behalf of Ludlow Trust CompanyLimited(Trustee)	20 May 2026

CCXX R9 accounts (SS)

20/05/2026

Independent Examiner's Report to the Trustees of The Pell Charitable Trust

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 January 2026 as set out on pages 8 to 9.

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.

Katie Wilson FCA Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY

Date 21 May 2026