Trustees’ Annual Report for the period
From 06 April 2024 To 05 April 2025
Charity name: Heinrich Wolfgang Donner Settlement Charity registration number: 286192
Objectives and Activities
| Objectives and Activities | Objectives and Activities | Objectives and Activities |
|---|---|---|
| SORP reference | ||
| Summary of the purposes of the charity as set out in its governing document Para 1.17 The Trustees shall hold the capital and income of the Trust Fund upon trust to apply the income and all or such part or parts of the capital or the provision of travelling scholarships or other financial aid to Nationals of the Scandinavian Countries, to assist and encourage them in research in English literature and general education assistance. Nominees are provided by Abo Akademi Uni. |
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| 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 accordance with the deed. In determining the charity’s activities the trustees have had regard to the Charity Commission’s guidance on public benefit. |
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| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | In determining the charity’s activities, the trustees have had regard to the Charity Commission’s guidance 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
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SORP reference
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| Achievements and Performance | Achievements and Performance | 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 | During the year under review the charity made grants totalling £39,287 Abo Akademi Uni, Finland |
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
| Financial Review | Financial Review | 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 £9,718 (2024: £26,712) and investments valued at £766,213 within the expendable endowment fund which can be released to support the activities of the charity. |
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| 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. |
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| Amount of reserves held | Para 1.22 | At the end of the reporting period the charity had free reserves of £17,189 (2024: £34,423). |
| Reasons for holding zero reserves Para 1.22 N/A |
Reasons for holding zero reserves Para 1.22 N/A |
Reasons for holding zero reserves Para 1.22 N/A |
|---|---|---|
| Details of fund materially in deficit Para 1.24 No funds in deficit |
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| 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: |
Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
|---|---|---|
| The charity’s principal sources of funds (including any fundraising) Para 1.47 |
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| Investment policy and objectives including any social investment policy adopted Para 1.46 |
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| A description of the principal risks facing the charity Para 1.46 |
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| Other | Expendable endowment funds are those which are required to be invested to produce 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: |
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| Type of governing document Para 1.25 Deed of settlement dated 12thMay 1958 |
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| How is the charity constituted? Para 1.25 Trust |
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| 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 existing trustees. |
Additional information (optional) You may choose to include further statements where relevant about:
| Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant about: |
Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant about: |
Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant about: |
|---|---|---|
| Policies and procedures adopted for the induction and training of trustees Para 1.51 |
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| The charity’s organisational structure and any wider network with which the charity works Para 1.51 |
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| Relationship with any related parties |
Para 1.51 | No trustee received any remuneration or was reimbursed any expenses in the year under review. Ludlow Trust Company Limited was paid £7,059 (2024: £4,186) for trust administration and cash management services duringtheyear under review. |
These fees are authorised under clause 6 of the trust deed. Other
Reference and Administrative details
| Reference and Administrative details | Reference and Administrative details |
|---|---|
| Charity name Heinrich Wolfgang Donner Settlement |
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| Other name the charity uses | |
| Registered charity number 286192 |
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| Charity’s principal address | Ludlow Trust Co Ltd Tower Wharf Cheese Lane BRISTOL BS2 0JJ |
Names of the charity trustees who manage the charity
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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
6
–
Corporate trustees names of the directors at the date the report was approved
Director name
Gary Collins
Walter Coxon
Ali Sarikhani
Ziba Sarikhani
Christopher Thurlow
Matthew Wickers
John Dennis (resigned 25th October 2024)
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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)
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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 Street, London,
Ltd WC2R 0LR
Independent Examiner Katie Wilson Blue Spire Limited, Cawley Priory, South
Pallant, Chichester, PO19 1SY
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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) Chris Thurlow Position (eg Secretary, On behalf of Ludlow Trust Chair, etc) Company Ltd (Trustee) Date 04 February 2026
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TRUST NAME CHARITY NO
Heinrich Wolfgang Donner Settlement 286192
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 20,930 - - 20,930 19,851
Income from Interest 1,526 - - 1,526 890
- - - - -
- - - - -
- - - - -
Sub total (Gross income for
AR) [ 22,456 ] - - 22,456 20,741
A2 Asset and investment sales,
(see table).
Sale of investments - - 511,437 511,437 562,353
- - - - -
Sub total - - 511,437 511,437 562,353
Total receipts 22,456 - 511,437 533,893 583,094
A3 Payments
Charitable Payments 39,287 - - 39,287 -
Investment Management Fees + VAT - - 3,806 3,806 3,798
Trust Administration Fees + VAT 7,015 - - 7,015 4,148
Cash Management Fee 44 - - 44 38
Bank Charges 15 - - 15 -
- - - - -
- - - - -
- - - - -
Sub total [ 46,361 ] - 3,806 50,167 7,984
A4 Asset and investment
purchases, (see table)
Investment purchases - - 517,954 517,954 533,359
- - - - -
Sub total [ - ] - 517,954 517,954 533,359
Total payments 46,361 - 521,760 568,121 541,343
Net of receipts/(payments) - 23,905 - - 10,323 - 34,228 41,751
A5 Transfers between funds 6,671 - - 6,671 - -
A6 Cash funds last year end 34,423 - 26,712 61,135 19,384
Cash funds this year end 17,189 - 9,718 26,907 61,135
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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 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 £ - - 17,189 - - - 17,189 - 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 £ 9,718 - - 9,718 OK Endowment funds to nearest £ - - - - - - Current value (optional) 766,213 - - - - 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 Heinrich Wolfgang Donner Settlement
I report to the charity trustees on my examination of the accounts of the charity for the year ended 5[th] 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:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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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.
Katie Wilson FCA Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY
Date 05 February 2026