2025-04-05-accounts

Trustees’ Annual Report for the period

From 06 April 2024 To 05 April 2025

Charity name: The Veronique Charitable Trust Charity registration number: 279349

Objectives and Activities

----- Start of picture text -----
SORP reference
Summary of the purposes of Para 1.17 To hold the capital and income upon trust to
the charity as set out in its apply the income and all or such parts of the
governing document capital at such time or times and in such a
manner to or for the benefit of such
exclusively charitable objects and purposes
in any part of the world as the Trustees may
in their absolute discretion think fit. The
Trustees will take into account the Letter of
Wishes which requests that consideration
be given to benefit the following charities:
Jewish Blind & Physically Handicapped
Society Ltd and Nightingale Hammerson
Summary of the main Para 1.17 and In furtherance of the charity’s objects for the
1.19
activities in relation to those public benefit the trustees provide grants.
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.
Statement confirming Para 1.18 In determining the charity’s activities, the
whether the trustees have trustees have had regard to the Charity
had regard to the guidance Commission’s guidance on public benefit.
issued by the Charity
----- End of picture text -----

Commission on public benefit

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

----- Start of picture text -----
SORP reference
Summary of the main Para 1.20 During the year under review the charity
----- End of picture text -----

SORP reference	SORP reference	SORP reference
Summary of the main	Para 1.20	During the year under review the charity
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.		made two grants to the following charities totalling £20,018.  Jewish Blind And Physically Handicapped  Nightingale Hammerson

Additional information (optional)

You may choose to include further statements where relevant about: Achievements against Para 1.41 objectives set Performance of fundraising Para 1.41 activities against objectives set Investment performance Para 1.41 against objectives Other

Financial Review

Review of the charity’s financial position at the end of the period Para 1.21 In addition to the free reserves the charity has bank balances of £16,269 (2024: £35,577) and investments valued at £378,341 within the expendable endowment fund which can be released to support the activities of the charity.	Review of the charity’s financial position at the end of the period Para 1.21 In addition to the free reserves the charity has bank balances of £16,269 (2024: £35,577) and investments valued at £378,341 within the expendable endowment fund which can be released to support the activities of the charity.	Review of the charity’s financial position at the end of the period Para 1.21 In addition to the free reserves the charity has bank balances of £16,269 (2024: £35,577) and investments valued at £378,341 within the expendable endowment fund which can be released to support the activities of the charity.
Statement explaining the policy for holding reserves stating why they are held Para 1.22 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.
Amount of reserves held Para 1.22 At the end of the reporting period the charity had free reserves of £14,539 (2024: £3,332).
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

Structure, Governance and Management	Structure, Governance and Management	Structure, Governance and Management
Description of charity’s trusts:
Type of governing document Para 1.25 Trust deed dated 18 January 1980
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 bodyentitled	Para 1.25	Trustees are appointed by the trustees from time to time.

to appoint one or more trustees
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 any expenses in the year under review. Ludlow was paid £3,609 (2024: £2,606) for trust administration and cash management fees during the year under review. These fees are authorised under clause 11 of the trust deed.
Other

Reference and Administrative details

Reference and Administrative details	Reference and Administrative details
Charity name The Veronique Charitable Trust
Other name the charity uses
Registered charity number 279349
Charity’s principal address	Ludlow Trust Co Ltd, Tower Wharf, Cheese Lane, BRISTOL, BS2 0JJ

Names of the charity trustees who manage the charity

----- Start of picture text -----
Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
Ludlow Trust
1
Company Ltd
2
3
4
5
–
Corporate trustees names of the directors at the date the report was approved
Director name
Matthew John Wickers
Christopher Ian Thurlow
Walter Duncan Coxon
Gary St John Collins
Ali Reza Sarikhani
Ziba Christine Sakine
Sarikhani
John Steven Dennis Resigned (25/10/2024)
----- End of picture text -----

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)

----- Start of picture text -----
Type of adviser Name Address
Investment Managers NatWest 2nd Floor, Trinity Quay II, Avon Street,
PO Box 3138, BRISTOL, BS2 2DH
Bankers NatWest 2nd Floor, Trinity Quay II, Avon Street,
PO Box 3138, BRISTOL, BS2 2DH
Accountants Charter Tax Consulting 8th Floor, 1 Southampton St, London
Limited 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)
----- End of picture text -----

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
	Chris Thurlow
	On behalf of Ludlow Trust Company Limited (Trustee)
	04 February 2026
	04 February 2026

----- Start of picture text -----
The Veronique Charitable Trust 279349
Receipts and payments accounts CC16a
For the period Period start date Period end date
To
from 06.04.2024 05.04.2025
Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds Last year
funds funds funds
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Income from investments 10,579 - - 10,579 10,336
Interest received 850 - - 850 713
- - - - -
- - - - -
- - - - -
- - - - -
Sub total (Gross income for
AR) [ 11,429 ] - - 11,429 11,049
A2 Asset and investment sales,
(see table).
Sale of investments - - 269,537 269,537 313,293
- - - - -
Sub total - - 269,537 269,537 313,293
Total receipts 11,429 - 269,537 280,966 324,342
A3 Payments
Grants Awarded 20,018 - - 20,018 20,840
Investment Management Fees - - 1,937 1,937 1,860
Trust Administration Fees 3,583 - - 3,583 2,574
Cash Management Charges 26 - - 26 32
Legal Fees - - - - 1
- - - - -
- - - - -
- - - - -
- - - - -
Sub total [ 23,627 ] - 1,937 25,564 25,307
A4 Asset and investment
purchases, (see table)
Investment purchases - - 263,503 263,503 271,823
- - - -
Sub total [ - ] - 263,503 263,503 271,823
Total payments 23,627 - 265,440 289,067 297,130
Net of receipts/(payments) - 12,198 - 4,097 - 8,101 27,212
A5 Transfers between funds 23,405 - 23,405 - -
A6 Cash funds last year end 3,332 35,577 38,909 11,697
Cash funds this year end 14,539 - 16,269 30,808 38,909
----- End of picture text -----

CCXX R1 accounts (SS)

04/02/2026

1

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 B5 Liabilities B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use B1 Cash funds	Details Investment portfolio Details Details Details Total cash funds (agree balances with receipts and payments account(s)) Details Capital account Income account Signature	Unrestricted funds Restricted funds to nearest £ to nearest £ - - 14,539 - - - 14,539 - 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 Chris Thurlow on behalf of Ludlow Trust Company Limited (Trustee)	Endowment funds to nearest £ 16,269 - - 16,269 OK Endowment funds to nearest £ - - - - - - Current value (optional) 378,341 - - - - Current value (optional) - - - - - - - - - When due (optional) Date of approval 04 February 2026

Signed by one or two trustees on behalf of all the trustees

CCXX R2 accounts (SS)

04/02/2026

2

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

I report to the charity trustees on my examination of the accounts of the charity for the year ended 05 April 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.

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

04 February 2026 Date