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2025-12-27-accounts

Trustees’ Annual Report for the period

From 28[th] December 2024 To 27[th] December 2025

Charity name: The Joan Lynette Dalton Charitable Trust Charity registration number: 1154521

Objectives and Activities

SORP reference Summary of the purposes of Para 1.17 To pay or apply the income of the trust with the charity as set out in its power in its absolute discretion from time to governing document time to pay or apply the whole or any part or parts of the capital of the trust to or for the benefit of all or such one or more of the charities (as hereinafter defined) in such shares if more than one and in such manner as the company shall from time to time in its absolute discretion think fit provided that the company shall also have power (notwithstanding the foregoing trusts in respect of such income) during the period of twenty one years from my death if in its absolute discretion it shall think fit from time to time to accumulate all or any part of the income of the trust by investing the same and the resulting income thereof in any investments hereby authorised and adding the accumulations to the capital of the trust. The charities mean: PDSA, Cancer Research UK, Scope, Arthritis Research UK, The National Animal Welfare Trust, NSPCC, The Stroke Unit at Christchurch Hospital, the company may include similar charities dealing with children, animals, cancer research and the research of diseases of the elderly.

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. In
determining the charity’s activities, the
trustees have had regard to the Charity
Commission’s guidance on public benefit.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18

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 The grants supported charities working in
areas including cancer research, animal
welfare and support for vulnerable
individuals.
During the year under review the charity
made grants to the following charities
totalling £142,722.
•
Cancer Research UK
•
PDSA
•
Scope
•
NSPCC
•
National Animal Welfare Trust
•
Versus Arthritis
•
University Hospitals Dorset NHS
Charity

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

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
£51,023
(2024:
£34,528),
comprising
investment income and bank interest.
During the year the charity made grants
totalling £142,722 (2024: £nil), funded in
part by a transfer of £68,478 from the
expendable endowment fund to unrestricted
funds to support grant-making activities.
At the year end the charity held total cash
balances of £41,552 (2024: £53,340), of
which £8,740 (2024: £44,160) represents
unrestricted free reserves.
In addition, the charity held investments
within the expendable endowment fund with
a market value of £2,127,703 (2024:
£2,084,844). 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
£8,740
(2024:
£44,160).
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 Will trust deed dated 27 December 2012
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 trustees from
time to time.

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 for any expenses in the
year under review.
Ludlow Trust Company (Southampton) Ltd
(previously known as HSBC but was taken
over on 1 March 2025) was paid £27,187
(2024: £20,790) for trust administration fees
and investment management fees during
the year under review.
These fees are authorised under clause 3 of
the trust will.
Other

Reference and Administrative details

Charity name The Joan Lynette Dalton Charitable Trust
Other name the charity uses None
Registered charity number 1154521
Charity’s principal address Ludlow Trust Company (Southampton) Limited, Yarmouth
House, 1300 Parkway, Solent Business Park, Whiteley,
PO15 7AX

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
(Southampton)
Limited

– Corporate trustees names of the directors at the date the report was approved

Director name
Gary St John Collins (appointed 01/03/2025, resigned 31/03/2026)
Walter Duncan Coxon (appointed 01/03/2025)
Matthew John Wickers (appointed 01/03/2025)
Christopher Ian Thurlow (appointed 19/03/2025)
Alexander Edward Mulroe (appointed 01/04/2026)
Jacqueline Marie Gentles (resigned 01/03/2025)
Emma Louise Chee (resigned 01/03/2025)
Jenny Fiona Goldie-Scot (resigned 01/03/2025)
James Edward Hewitson (resigned 01/03/2025)

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 HSBC UK Bank PLC 1 Centenary Square,
Birmingham, B1 1HQ
Bankers HSBC UK Bank PLC 1 Centenary Square,
Birmingham, B1 1HQ
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)
Position (eg
Secretary, Chair, etc)
Date
Christopher Thurlow
On behalf of Ludlow Trust
Company (Southampton) Limited
(Trustee)
08 May 2026
08 May 2026
The Joan Lynette Dalton Charitable Trust The Joan Lynette Dalton Charitable Trust The Joan Lynette Dalton Charitable Trust 1154521
Receipts andpayments accounts
For the period
from		 28/12/2024
Period start date		 To 27/12/2025
Period end date

CC16a

Section A Receipts and payments Section A Receipts and payments
A1 Receipts Unrestricted
funds
to the nearest £
49,470
1,553
-
51,023
-
-
-
51,023
142,722
-
11,599
600
-
-
154,921
-
-
-
154,921
- 103,898
68,478
44,160
8,740		 Restricted
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Endowment
funds
to the nearest £
-
-
-
-
1,057,813
-
1,057,813
1,057,813
-
15,588
-
-
-
-
15,588
950,115
-
950,115
965,703
92,110
- 68,478
9,180
32,812		 Total funds
to the nearest £
49,470
1,553
-
51,023
1,057,813
-
1,057,813
1,108,836
142,722
15,588
11,599
600
-
-
170,509
950,115
-
950,115
1,120,624
- 11,788
-
53,340
41,552		 Last year
to the nearest £
Income From Investments 49,470 33,832
Interest Received 1,553 696
- -
Sub total(Gross income for
AR)		 51,023 34,528
A2 Asset and investment sales,
(see table).
Sale Of Investments - 544,981
- -
Sub total - 544,981
Total receipts
A3 Payments
579,509
Grants Awarded 142,722 -
Investment Manager Fees - 9,176
Trust Administration Fees 11,599 11,614
Independent Examiners Fees 600 3,000
-
- -
**Sub total ** 154,921 23,790
A4 Asset and investment
purchases, (see table)
Investment Purchases - 533,492
-
**Sub total ** - 533,492
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
557,282
- 103,898 - 92,110 - 11,788 22,227
68,478 - 68,478 - -
44,160 9,180 53,340 31,113
8,740 - 32,812 41,552 53,340

CCXX R1 accounts (SS)

08/05/2026

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
B1 Cash funds
B2 Other monetary assets
B4 Assets retained for the
charity’s own use
B5 Liabilities
B3 Investment assets		 Signature
Capital Account
Income Account
Details
Total cash funds
(agree balances with receipts and payments
account(s))
Details
Details
Investment Portfolio
Details
Details		 Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
-
-
8,740
-
-
-
8,740
-
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
Christopher Thurlow on behalf of
Ludlow Trust Company (Southampton)
Limited(Trustee)		 Endowment
funds
to nearest £
32,812
-
-
32,812
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
2,127,703
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
Date of
approval
Christopher Thurlow on behalf of
Ludlow Trust Company (Southampton)
Limited(Trustee)		 08 May 2026

CCXX R2 accounts (SS)

08/05/2026

2

Independent Examiner's Report to the Trustees of The Joan Lynette Dalton Charitable Trust

I report to the charity trustees on my examination of the accounts of the charity for the year ended 27 December 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.

  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.

James O’Rourke FCA Date 11 May 2026 Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY