## **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
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|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