||||||||| |---|---|---|---|---|---|---|---| |**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** 1 ## **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** 2 ## **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** 3 ## **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** 4 ||**The Pell Charitable Trust**|**The Pell Charitable Trust**|**The Pell Charitable Trust**|**1135398**|**1135398**|**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 8 ## **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 9 ## **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: 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 3. 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