s&w
D.C.R. Allen Charitable Trust
Charity Registration No: 277293
Trustees, report and unaudited accounts
For the year ended 5 April 2025

D.C.R. Allen Charitable Trust
Legal and administrative information
Trust888
C.D.R. Allen
J.M.R. Frusher
T.C.R. Allen
Charity number
277293
Principal address
Estate Office
Edgcote House
Edgcote
Nr. Banbury
OX17 1AG
Accountants
S&W Partners LLP
Aceountants
Stonecross
Trumpington High Str8et
Cambridge
CB29SU
Independent examinor
Craig Henderson FCCA
S&W Audit
Accountants
Stonecross
Trumpington High Street
Cambridge
CB2 9SU
Bank
Weathgrbys Bank Limited
Sander Road
W811ingborough
Northamptonshire
NN84BX
Investment odvisors
Rathbones Investment Management
8 Finsbury Circus
London
EC2M 7AZ
Solicitors
Francis Piesse
The Dove Pier
Lower Mall
London
W6 9DJ

D.C.R. Allen Charitable Trust
Contents
Page
Trustees, report
Independent examiner's report
Statement of financial activitie8
Balance Sheet
Notos to tho accounts
7-12

D.C.R. Allen Charitable Trust
Trustees, report for the year ended 5 April 2025
The trustees present their annual report together with the accounts of the charity for th8 year ended 5
April 2025.
The account8 Comply with the Charities Act 2011 and Accounting and Reporting by Charitl8s: Statement
of Recommended Practice applicable to Charities preparing their accounts in a¢¢ordance with th8
Financial Reporting Standard applicable in the UK and RBpubli¢ of IrelBnd IFRS 1021 (effective l January
20191.
Objects and activitie$
The objectlV8s of the Trust are to pay or apply the capital and in¢ome of the trust fund to such charities
or lor sueh charitable purpose in such a manner and subject to such terrns and conditions as the
Trustees may &t their uncontrolled discretion determine having regard to any directions given or wishes
expressed by th8 Settlor to the Trustees.
Main activities und8rtak•n to further the Charity's purpose$ for tho public benefit
The trustees confirm that they have referred to the Charity Commission's general guidance on public
benef it when making grants and agreeing the distribution policy for the year.
9 grants totalling £123,500 were awarded to charitable institutions in the year. Grants were awarded
within th8 range of £8,000 to £30,000 12024.. 16 grants totalling £136,500 were awarded to institutions
ranging between £1,000 to £20,000). The grant ollocotion between th8 charitable sectors was as follows
- Youth proj8Ct8.' 37%
Edu¢8tion.. 57%
Environmental.. 6%
Aehi8vements and performanc
Review of aetivitigs
The Trust's incoming resources consists of incom9 f rom the investment portfolio of £153,422 12024..
£186.9451. There were no donations received in the year 12024: £1,000). The totBI expenditure amounted
to £163,65812024: £171.9631 of which £123,50012024.. £136,500) was spent on grBnt making.
In the year to 5 April 2025 the Trust's investment portfolio showed a decreBse in value. Details of tho
investment portfolio Bnd the changes during the year are shown in note 9 to the accounts.
The net assets of the Trust amounted to £5,807.086 12024.. £6,113.5581. The Charity's assets are
unrestricted. available and ad8quate to fulf il its obligations. The Trust operates independently in pursuit
of its charitable objectives in the UK and will continuo to apply and fulfil those objectives in the future
Finaneial review
Going eoncern
The charity ha¥ a substantial investment portfolio and the Trustees have a reasonable exp$ctotion that
the Charity has adequate resources to continue in operational existence for the foreseeable future. Th
Trust has been able to continue making grants throughout the post balance sheet period, and exp8Cts to
continue doing so for many years to come. For this reason, the Trustees continue to adopt the going
concern basis in preparing the financial statements. Further detBils reg8rding the adoption of the going
concern basis can be found in the accounting policies.
Resorvos policy
The ¢h8rity has no formal reservfjs policy.

D.C.R. Allen Charitable Trust
Trustees, report for the year ended 5 April 2025
Structurep governance and management
Constitution
D.C.R. Allen Charitable Trust is a registered charity. number 277293, and is constituted under a Trust
deed. The Charity was established by a Deed of Trust dated 6th January 1979 and registered as an
unincorporated charity in the UK on 28th Febru8ry1979.
Mathods of appointment orelection of Trustees
The management of the Charity is the responsibility of the Trustees who are ele¢ted and co-opted under
the terms of the Trust degd.
The trustees who served during the year were..
C.D.R. Allen
J.M.R. Frusher
T.C.R. A118n
Organisational struoture and deci$ion-making
There are no employees and grants are made on the basis of the Trustees. discretion. At the Trustees,
meeting, the strategy and areas of activity for the charity are agreed. These will include consideration of
grant making, investments, reserves and risk management policies and performance. If applicable,
decisions are made by the Trustees in conjunction with the professional advisors. The investment
porffolio is managed and maintained by Rathbones, the Trust's investment manager.
The Trustees meet at regular intervals throughout the year to consider and approve various applications
received for f unding. The Trust continues to make grants in a¢eordBnce with the t8rtns set out in the
Trust Deed and has provided 9 grants to a wide range of charitablo institutions during the year.
Risk management
Th¢ trustees have reviewed the risks to the assets of the charity 8nd they consider that adequate
controls are in place to mitigate those risks.
Plan$ for the future
The trustees aim to support as many charities as possible that megt the criteria set out in their grant
making policy.

D.C.R. Allen Charitable Trust
Trustees, report for the year ended 5 April 2025
Trustees. respon$ibilitie8
The trustees ore responsible for preparing the Trustees, report and the ac¢ounts in accordance with
applicable law and regulations.
The law applicable to charities in England and Wales requires the trustees to prepare accounts for each
financial year in accordan¢e with United Kingdom Generally Accepted Accounting Practice (United
Kingdom Accounting Standards and Bpplicable regulations). Under that IBW the trustees must not
approve thts a¢eounts unless they are satisfied that they give 8 true and fair view of the state of affairs of
the trust and of the incoming resources and opplication of re8ourcgs of the trust for that year.
In preparing these accounts, the trustees are requirod to-
select suitable accounting policies and then apply them consistently,
observe the methods and principles in the Charitlgs SORP-,
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any materiBI departures
disclosed and explained in the a¢¢ounts' and
prepare the 8ccounts on the going concern basis unless it is inappropriate to presume that the charity
will continue in operation.
The trustees are responsible for keeping proper Bccounting records which are suff icient to show and
explain the trust's transactions and disclose with reasonable a¢cur8Cy Bt any time the finan¢ial position
of the trust and enable them to onsure that the accounts comply with the Charities Act 2011, th
Charities (Accounts and Reportsl Regulations 2008 and the provisions of the trust deed. They are also
responsible for safeguarding the assets of the charity and hence for taking reasonablts steps for the
prevention and detection of f raud and oth$r irregulBrities.
On behalf of the board of trustees
JLilia Frushei (Feb 5, 2026 16'.15.'01 GMT)
J.M.R. Frusher
Trustee
Date:
0510212026

D.C.R. Allen Charitable Trust
Independent examiner's report to the trustees of D.C.R. Allen Charitable Trust
I report to the trustees on my examination of the accounts of D.C.R. Allen Charitable Trust for the year
ended 5 April 2025 which comprise the statement of financial activities, the balance sheet Bnd the notes
to the accounts. including a summary of signif icant accounting policies.
Respective ro$ponsibilities of tru$tg•s and examin8r and basis of report
As the charity's trustees, you Bre responsible for the preparation of the Bccounts in accordance with the
requirements of the Charities Act 20111'the Act'l.
I report in rgspect of my examination of the charity's accounts carried out under section 145 of the Act
and in carrying out my examination I have followtsd all the applicable Directions given by the Charity
Commission under section 14Sl511bl of th8 Act.
Independent oxaminer'sstatemont
I have completed my examination. I confirm that no material matters hBve comg to my attention in
connection with the exBmination giving me cause to beli8ve that in any material respect:
accounting records were not kept in respect of the charity as required by section 130 of the
the accounts do not accord with those records., or
the accounts do not comply with the 8pplicabl8 requirements concerning the form and
content of the accounts set out in the Charities (Accounts and Reports) Regulations 2008
other than any requirement that the accounts give a true and f air view which is not B matter
considered as part of an independont examination.
I have no concerns Bnd 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 a¢¢ounts to be
reach8d.
C+L
Craig Henderson FCCA
S&W Audit
Stonecross
Trumpington High Street
Cambridge
CB2 9SU
5 February 2026
Date:

D.C.R. Allen Charitable Trust
Statement of Financial Activities for the year ended 5 April 2025
Unrogtricted
funds
Total
2025
Total
2024
Notes
Ineoma
In¢oma f rom raising fund$:
Investment income
Donations Bnd legacies
153,422
153.422
186,945
1,000
Total income
153,422
153,422
187,945
Expenditure
Costs of raising f unds
Expenditure on charitable activities
36.069
127,589
36,069
127,589
32,643
139,320
Total exponditure
163.658
163,658
171.963
Net (expenditurgllineome before Ilos88$11
gains on investments
{10,2361
110.2361
15,982
Net Ilosses)Igains on investments
1296,236) 1296.236) 328,444
Net movement in funds
1306,4721 1306,472) 344,426
Total funds brought forward
6,113.558 8,113,558 5.769,132
Total funds carriod forward
5,807,086 5,807,086 6,113,558
All incoming resources and resources expended derive from continuing activities.
The notes on pages 7 to 12 f orm part of these accounts.

D.C.R. Allen Charitable Trust
Balance sheet as at 5 April 2025
2025
2024
Noto9
Fixed asset$
Investtnents
5.462,000
5,807,977
Current a$$ot$
Debtors
Cash at bank 4nd in hBnd
10
2,598
350,357
17.216
292.145
352.955
309.361
Liabiliti08
Creditors-. amounts falling due within
one year
11
(7,8691
13,7801
Nèt current assets
345,086
305.581
Total net assets
5.807.086
6.113,558
Charity funds
Unrestricted income funds
5,807,086
6,113.558
Total charity funds
5,807,086
6.113,558
The accounts were 8pproved by the trustees and authorised for issuo by the Trustees and sign8d on their
behalf by:
Julia Frushei (Feb 5, 2026 16'.15'.01 GMT)
J.M.R Frusher
Trustee
Date:
0510212026
The notes on pages 7 to12 form part of these acounts.

D.C.R. Allen Charitable Trust
Notes to the accounts for the year ended 5 April 2025
Accounting policies
General information
The charity is a registered ¢h8rity, number 277293 and is constituted under a trust deed. The
principal office of the charity is Estate Offico, Edg¢ote house, Edgcote, Nr Banbury. OX171AG.
1.2 Ba818 of preparation
The financial statements have been prepared in accordance with the Charities SORP IFRS 1021
Ac¢ounting Bnd 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 IFRS 102118ffe¢tive 1 January 20191, the Financial Reporting
StBndard applicable in th8 UK and Republic of Ireland IFRS 1021 and the Charities Act 2011.
The f inancial statements have been prepared to give a 'true and fair. view and hBve departed from
the Charities (Aecounts and Reports) Regulations 2008 only to the extent required to provide B
'true and fair, view. This departure has involved following the Charities SORP IFRS 1021 published
on 16 july 2014 rather than the Accounting and Reporting by Charities: Statement of
Recommended Pra¢tice elfective from l April 2005 which has since been withdrawn.
D.C.R. All&n Charitable Trust meets the definition of a public benefit entity und8r FRS 102. The
financial statements have been prepared under the historical cost convention with items
recognised at cost or transaction valu¢ unless otherwise stated.
1.3 Going concern
The Trustees are confidont that the charity has adequate res$rves and resources to continue
operations for the foreseeable f uture and is well pla¢ed to manage its business risks successf ully.
For this reason, they continue to adopt th8 going concern basis in preparing the financial
statements.
1A Incomo r•cognition
All income is recognised once the Charity has entitl¢ment to the income, it is probable that the
incomo will be received and the amount of incorng receivable ean be measured reliably.
Income tax recoverable in relation to donations rtsceived under Gift Aid or deeds of covenant is
recognised at the time of the donation.
Irbcome tax recoverable in relation to investment income is recognised at the time th¢ investment
income is receivable.
1.5 Expendituro
Expenditure is recognised once there is a legal or constructive obligation to transfor e¢onomic
benelit to a third party, it is probable that a transfer of ts¢onomie benefits will be required in
settlement and the amount of the obligation can be meBsured reliably. Expenditure is elassified by
activity. The costs of each activity are made up of the total of direct costs and shared Costs,
including support costs involved in undertaking each activity. Direct costs attributable to a single
activity are allocated directly to that activity. Shared costs which contributtr to more than one
activity and support costs which are not attributable to a single activity are apportioned between
those activities on a basis consistent with the use of r8sources. Central staff costs are allocated on
the basis of time spent, and depreciation charges allocated on the portion of the asset's use.
Support costs are those costs incurred directly in support of expenditure on the objects of th8
charity.

D.C.R. Allen Charitable Trust
Notes to the accounts for the year ended 5 April 2025
Ae¢ounting policie8
(Continued)
Costs of generating f unds are costs incurred in managing investments.
Charitable activities are costs incurred on the charity's grantmaking operations, including support
costs and costs relatifig to the governanc8 of the charity apportioned to ¢haritable activities.
Grants PByoble are chBrged in the year when the offer is made except in those cases where the
off er is conditionBI. such grants being recognised as exponditure when the conditions attaching are
fulf illed lor when it is probable that Conditions will be f ulfilled and SBtisf action of the conditions is
outside the eontrol of the Trusteesl. Grants offered subject to conditions which have not been met
at the year end and that havg not been recognised as expenditure are noted as a cotnmitment, but
not accrued as expgnditure.
Expenditure on charitable activities is incurred on directly undertBking the activities which further
the Charity's objectives, as well as any associated support costs.
1.6 Int8r•9t receivablo
Interest on f unds held on deposit is included when receivable and the amount ¢8n be measured
reliably by thg Charity: this is normally upon notification of the interest paid or payable by the Bank.
1.7 Investments
Fixed asset investTnentS Bre a form of financial instrument and are initially recognised at their
transBCtion cost and subsequently measured at f air value Bt the balance sheet date, unless the
valu8 ¢annot be measured reliably in which case it is measured at cost less impairment. Investment
gains and losses, whether realised or unrealised, are combined and presented as'GBinsllLossesl on
investments, in the statement of financial activities.
1.8 Liabilities and provisions
Liabilities are recognised when there is on obligation at the Balance sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and thg
amount of th6 settlement can be estimated reliably.
1.9 Financial instrum•nts
The Charity only has f inancial asset8 and financial liabilities of a kind that qualify as basic financial
instruments. Trade and other debtors and creditors are classified as basic f inancial instruments
and measured at transaction price. A provision is established when there is objective evidence that
the charity will not be able to collect all arnounts due.
1.10 Fund accounting
General funds are unrestricted f unds which are available for use at the discretion of the Trustees in
f urtherance of the general objectives of the Charity and which have not b8tsn designated for other
purposes.

D.C.R. Allen Charitable Trust
Notes to tho accounts for the year ended 5 April 2025
Investment income
2025
2024
Investmfjnt income
Investment income f rom property f und
143,281
10,141
173,135
13,810
153,422
186,945
Donations and legacias
2025
2024
Donations
1,000
1.000
Inve8tm8nt manag¥ment costs
2025
2024
Costs of raising funds:
Investment mantsger fees
Admin expenses
34,399
1,670
32,643
36,069
32.643

D.C.R. Allen Charitable Trust
Notes to the accounts for the year ended 5 April 2025
Total expenditure on charitable activities
2025
2024
Expenditure on eharitable activitias:
Grants payable (note 61
123,500
136.500
123,500
136,500
Support costs:
Independent examiner fees
4,089
2,820
4.089
2,820
127,589
139,320
Analysis of grants awarded
2025
2024
Centrepoint
Chipping Warden School
Designability Charity Ltd
Douglas Bader Foundation
Farm for City Children
Future Trees Trust CIO
Hydro Fund
Lyme Regis Boat Building Academy
Mulberry Bush Organisation
Ocean Youth Trust
SHINE
10,000
8,000
10,000
10,000
5,000
10,000
8,000
10.000
8.000
12.000
20,000
10.000
12,000
10,000
10,250
25,000
Satnaritans
Tempus Novo Imeaning NewTimel
The Clink Charity
The Country Trust
The Never Alon8 Project
Thomas's Fund
The Childhood Trust
UPSNDOWNS
30.000
10,250
12,000
2.500
10,000
1,000
5,000
6,000
5,000
123,500
136,500
Jo-

D.C.R. Allen Charitable Trust
Notes to the accounts for the year ended 5 April 2025
Independent 8xaminer's remuneration
The independent exBminer's remuneration amounts to a fee of £4.08912024 - £3,300).
Tru8te&g' remuneration and oxpenses
During the year. no Trustees received any remuneration or other benefits12024.. £nill.
During the year onded 5 April 2025, no Trustee expenses have been incurred12024: £nill.
Fixed asset invostments
Listod
Charity
investmgnt$ property fund
Total
2025
Total
2024
Cost or valuotion
At 6 April 2024
Additions
Disposals
Revaluations
5.597,952
726.998
(776,7391
1300.8511
210.025 5,807.977
5,437.679
726.998
1,059,264
1776,7391 11,036.2301
{296.2361
347.264
4.615
At 5 April 2025
5.247.360
214,640 5,462,000
5,807.977
10 Dobtors
2025
2024
Accrued investment income
2.598
17,216
11 Creditors: amounts falling duè within one ygar
2025
2024
Accruals Bnd deferred income
7,869
3,780
7.869
3,780
-li-

D.C.R. Allen Charitable Trust
Notes to the accounts for the year ended 5 April 2025
12 Statement of funds
Balanco at
6 April
2024
{Lossesllgains
Incomo Expenditurg on investmonts
Balane& at
5 April
2025
Unrestricted income funds
6,113,558 153,422
1163,658)
1296,2361 5,808.756
Total funds
6,113,558 153.422
(163.6581
(296,2361 5.808,756
13 Rolated party trangactions
A were no donations 12024.. £1.0001 received from a trustee during the year. There were no other
related party balances of transactions.