Charlty registration numbér 1001456 (England and Wales) THE DWEK FAMILY CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 THE DWEK FAMILY CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees J C Dwek CBE J V Dwek LLB A J Leon DL, FCA Charlty reglstratlon England and Wales 1001456 THE DWEK FAMILY CHARITABLE TRUST CONTENTS Page Trustees report Independent ?x8miner's report Slalement of financial activities Balance sheet Notes to the fin8nclal slalements THE DWEK FAMILY CHARITABLE TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their report together with the financial slalemenls for the trust for the year ended 31 March 2025. The financial slalemenls have been prepared in accordance with the accounting policies. Th8 Tru5tee8 during the year w8r8'. J C Dwek CBE J V Dwek LLB A J Leon DL, FCA Tho Dwek Family Charltable Trust is a ¢harity eslabllshed by settlement dated 15 December 1989 a5 amended by supplemental deed daled 13 December 1990 and Is registered with the Charily Commission. No 1001456. The addres5 of Ihe trust is Suite 1, Courthill Plouse, 66 Water Lane, Wlmslow, Cheshlre SK9 SAP. ObJectiV85 and activities The Trustees confirm that they have referred lo guidance contained in the Charity Commission's general guldance on public benefit wh8n reviewing the charity's aims and objeclives and in planning future activities and selling the don81ion making policy lor the year. The trust 18 establlshed for Ihe benefit of such exclusively charitable objects, as thé Trustees In their absolule discretion think fit. The benefits are provided lo Ih08e who are Ihoughl lo be mo$1 in need. The Trustees have absolute power of investment. Achlevements and porfomianee The Trustees continue lo support many worthy causes and, in partl¢ular. local charities that may not enjoy national support. Other applicallons are consideied on their merit but are primarily directed at the sick, needy and disadvantaged. Flnanclal review The attached financial statèmants show the current slate of finances which the Tfusleès consider lo be reasonable. Trustees, Responsibilitie5 In Relallon to the Flnanclal Statements Law applicable to charities in England and Weles requires the trustees Irj prepare the financial slalements for each financial year which give a true and falr view of the Irusls, financial activities during the year and of its financial P05ilion al the end of the year. In prepafing those financial slatements, the trustees have.. selected suitable accounting policies and then apply them can51slenlly', made judgements and estimat8s that are reasonable and pnjdenl.. Slate whether applicable accounting standards and statements of recommended pracllce have been followed subjecl to any departures disclosed and explained in the financial statements., and prepared the financial statements on the going concern basis unle35 il is inappropriate lo pre5urne the Irusl will continL(e in business. The trustees ar8 responsible for keeping accourrting records which disclose with reasonable accuracy at any lime the financial position of the company, enabling them lo ensure that the financial slalemenls comply with the Charities A¢t 2011. They are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregulaTilies. As the Iruslees wè certify that.. so far as we are aware, there is no relevant information of which the independent examiner is unaware and as the Iru51ees we have taken all the steps that we ought lo have taken in order ID make ourselves aware of any relevant information and lo es1?blish that the independent examiner is aware of that information. THE DWEK FAMILY CHARITABLE TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 Investrnent Policy Funds that are surplus lo immediate requirements are held in a deposit account ￿ere they generate interest for the Trust. Reserves Pollcy All resolves are held in a general fund. It is not the intention to accumulate reserves. Rlsk Management The major risk5 that the Trust faces have been considered, bul al the present lime it is believed that they are adequately mitigated by Systems curfenlly in place. The Trustees Report wa5 approved by The Board Of Trustees J C Dwek CBE. Trustae Dale.. ..30,I IAlioif....,..,....... THE DWEK FAMILY CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE DWEK FAMILY CHARITABLE TRUST I report on the financial slalemenls of The Dwek Famlly Charltable Trust for the year ended 31 March 2025. These financial slalemenls have been prepared under the historical cost convention and the accounting policies Responsibilltlès and basis of report The charity's Iruslee5 are responsible for the preparation of the accounts. The charity's Iruslees consider that an audit is not required for this year under Section 144(21 of the Chari118s Act 2011 (the 2011 Acll and that an independent examination is needed I report in respect of my examination of the '$ financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the Charities Act 2011. Independent examiner's statement My examination was carried out in accordance with the general Direction5 given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. 11 also includes consideration of any unusual items or disclosures in the accounts. and seeking explanations from you as trustees concerning any such mallers. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as lo whether the accounts present a 'lrue and falr view, and the report is limited to those marters set out in the statement below. I have completed my exarninalion, I confirm that no mallers have come lo my allenlion in connection wlh the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the a5 required by section 130 of the Charities Act 2011. the financial slalemenls do not accord with those records., or the financial slalemenls do not comply with the applicable requirements concerning the form and conlenl of financial slalemenls set out in the Charities {Accounls and Reports) Regulations 2008 other than any requirement that the financial slalemenls give a true and fair view. which is not a maller consldered as part of an independent examin¥lion. I hav8 no concerns and have Gome across no other matters in connection with the examination to which attentSon should be drawn in this report in order lo enable a proper under51andlng of the financial statements lo be reached. Carolyn Dullon FCA for and on behalf of Royce Peeling Green Limited Date.. THE DWEK FAMILY CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrlctad funds 2025 Unrestricted funds 2024 Notes Incoffle from: Charitable aclivities Investments 114.387 18.704 15,500 18.795 Total Income 133,091 34,295 Expenditure on: Chaiilable aclivitles 57.087 43.777 Total expenditure 57,087 43,777 Nel gainsl{lossesl on Investments 588 2,844 Net Incom8llexpendlturel and movement In funds 76,592 (6,6381 Reconciliatlon of funds: Fund balances al 1 April 2024 439,893 446.531 Fund balances at 31 March 2026 516,485 439,893 The statement of financial activities includes all gains and losses recognised in the year. All income 3nd expenditure derive from continuing activities. THE DWEK FAMILY CHARITABLE TRUST BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Note5 Flxed assets Investments 304,961 381.848 Currenl assets Cash al bank and in hand 238.154 59,245 Creditors: amount5 falling due within one year {26,630) (1,200) Net current assets 211,524 58,045 Total assets less current Ilabllltles 516,485 439.893 The funds of the UnreslriGled funds 516,485 439,893 516.485 439,893 The financial statements were approved by the Board of Tfuslees on J C Dwek C8E Trustee THE DWEK FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policles 1.1 Basls of preparatton The financial slalemenls have been prepared under the historical cost convention with the exception of investments, which are in¢lud8d at market value. The accounts have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS1021 issued on 16 July 2014 and the Charllies Act 2011. 1.2 Golng concern Al the lime of approving the financial slalements. the Trustees have a r•asonable expeclalion that the has adequate resources to conlinLJe in operallonal exislence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounllng in preparing the fin8ncial stalemenls. 1,3 Charltsble tunds The general fund is an unrestricted fund available for use at the discretion of the trustees in furtherance of the general oblectlves of the Irusl. 1.4 Income Incoming resources are included in the Stalemenl of Financial Acllvities when ieceivable, 1.5 Expenditure Resources expended are included In the Slalemenl of Financial Activities on an accrued basis. Irrecoverablè VAT is shown 89 an expense, 1.6 Flxed asset Investments Fixed asset investments are included in the financial statements al market value, The Slalemenl of Financial Activities includes the net gains and losses arising on revaluations and disposals throughout Ihe year. 1.7 Flnan¢lal instrumcnts The enlily has elected to apply the provisions of Section 11 'Basi¢ Flnancial Inslrumen15' and Section 12 'Olher Financial Inslfuments155ues' of FRS 102 to all of its financial in$lrumenls. Financial Instrufflenls are recognised in thé 's balance sheet when the becomes party lo the conlraclual provisions of the instrument. Financial assets and liabilities are offset, with the nel amounts presented in the financial slalernents, when there is a legally enforceable right lo set off Ihe recognised amounts and there is an intention lo sellle on a nel basis or to reallse the asset and settle th8 liability simultaneously, 88sic financial assets Basic financial assets, which include debtors and ¢a5h and banK balances, are initially measured al transaction price including transaction costs and are subsequently carried al amortised c05t using the effective inteTesl method unless th& arrangement con51ilutes a financing transaction. where the transaction is rneasured al the presént value of the future receipts discounted al a market rale of interest. Financial assets classified 85 receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised 21 transaction price unless the ariangement conslilutes a financing transaction. where the debl instrument 15 measured al the present value of the future payment5 dlscounled at a market rale of interest, Financial liabilities classified as payable within one year are not amortised. THE DWEK FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expendlture on charitable actlvltles 2025 2024 Direct costs Bank Charges Charitable Oonation Accountancy 217 54,470 2,400 233 42,944 600 57,067 43,777 Analysi5 by fund Unreslricl8d funds - general 57,087 43,777 Taxatlon The charity is exempt from laxallon on ils activities because all its income is applied for charitable purposes. Flxed asset investments Unllsted Investments Cost or valuatlon Al 1 April 2024 Additions Valuation changes Disposals 381,848 13,379 5,865 196,131) At 31 March 2025 304,961 Carrylng amount Al 31 March 2025 304,961 At 31 March 2024 381,848