Registered number: 02911113 Charity number: 1036877 THE ANNE DYER FOUNDATION (A company limited by guarantee) UNAUDITED DIRECTORS, &TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
THE ANNE DYER FOUNDATION (A company limited by guarantee) CONTENTS Page Reference and administrative details of the Charity, its Trustees, and advisors Dlrectors, and Trustee5' report Independent Examinerfs report Statement of Financial Activities Balance Sheet 10 Notes to the financial statements 11-20
THE ANNE DYER FOUNDATION IA company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 August 2024 Trustees Ms J M Barr Chair Miss A W 5 Dyer Ms A Gooding Ms J Heaney Ms J Hedges Mr RJ l Morris Mr J T Leese (appointment terminated 07 Nov. 2023 due to death) Company reglstered Number 02911113 Charity registered Number 1036877 Reglstered offlce Westhope College Craven Arms Shropshire SY7 9JL Accountant B. Hilliard FCA Chartered Accountant Sandford Lodge Clive Avenue Church Stretton SY6 7BS Bankers Lloyds Bank PO Box 1000 Andover BXI ILT Investment Managers Quilter Cheviot Senator House 85 Queen Victoria Street London EC4V 4A8
THE ANNE DYER FOUNDATION IA company limited by Euarantee) DIRECTORS, AND TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2024 The Trustees Iwho are a150 directors of the Charity for the purposes of the Companies Act) present their Annual Report together with the fir)ancial statements of The Anne Dyer Foundation Ithe Charity) for the year ended 31 August 2024. The Trustees confirm that the Annual Report and financial statements of the companv comply with current statutory requirements, the requirements of the Charity's governing document and the provisions of the Financial Reporting Standard applicable to the UK and Republic of Ireland IFRS 1021 (effective l January 20191- (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. Structure, Governance and Management Constitution The Charity is registered as a charitable company limited by guarantee. The Charity is constituted under a Memorandum of Association under a Trust deed dated 22 March 1994, as amended by special resolution dated 19 June 1996 and is a registered charity, number 1036877. Method of Appolntment or Electlon of Trustees The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the term5 of the Trust deed and Articles of Association. Prospective Trustees are made aware of the aims, objectives, and activities of the Charity before their appointment. Where specif ic duties are required of Trustees, the charity looks to appoint people with the appropriate experience. PollcSes Adopted for the Inductlon and Tralnlng of Trustees Once appointed, Trustees are given Charity Commission booklet CC3 "The Essential Trustee.. What you need to know" and offered appropriate training where it is thought this might help. Or8anSsatlonal Structure and Declslon Maklng The day-to-day control of the Charitable Company's operations is exercised by the General Manager of Westhope College (part of the Anne Dyer Foundation). Rlsk Management The charitable company aims to manage risk in accordance with guidance from the Charity Commission on risk management ICC261. The Trustees have assessed the major risk5 and are satlsfied that Systems and procedures are in place to mitigate against identified risks. The building from which the Charity operates is held on a full repair and maintenance lease from the Founder/ Trustee on a peppercorn rent for a period of 20 years commencing in 2010. Due to the age of the building, there is the potential that such repairs and maintenance could have a material impact on the finances of the Charity. In mitigation of this risk the trustees are currently seeking to renegotiate the lease with the lessor.
THE ANNE DYER FOUNDATION (A company limited by guarantee) DIRECTORS, AND TRUSTEES, REPORT {contlnuedl FOR THE YEAR ENDED 31 AUGUST 2024 Aims and Objectives The aim of the Charity is education and the promotion of high standard5, principally of crafts, craftsmanship, some other subjects, and the relief of persons in need. In developing its activities to promote the Charity's aims, the Trustees have paid due regard to the Charity Commission revised guidance in respect of public benefit requirements. The activities are carried out through the running of Westhope College which offers residential and non- residential courses in craft and other subjects. Bursaries are awarded according to an agreed recognised criterion. The Trustees strive to reduce costs where possible in recognition of the Charity's responsibility to address the balance of income and expenditure. Achlevements and Performance Revlew of Actlvltles and Future Developments Westhope College (Anne Dyer Foundation) continues to build on its reputation as a Centre of excellence for the arts and crafts. It offers a broad programme of high quality day and accredited courses that are often oversubscribed. It attracts students and visitors from the local area and, increasingly, from throughout the UK and beyond. Its location in the Shropshire Hllls Area of Outstanding Natural Beauty is appreciated and valued by visitors who return time after time for residential retreats and courses in arts and crafts that they have organized for their groupslsome for weekends, other5 for Ion8erl. There are 11 group bookings in this financial year, and it is anticipated that these will increase again next year following a significant number of requests for information about facilities, c05t5 and available date5. The College is also developing as a venue for musicians and instrument makers. Feedback from students is consistently excellent.. this is a typical comment.. "The perfect way to spend a day. Excellent tuition, materials and venue. l am going home to book another course" The Charlty is mindful of the importance of being widely accessible in terms of the creative opportunities that it offers to potential students and is committed to broadening access as much as it can. It is keenly aware of the health benefits of craft activitie5, (the 'act of doing" the social opportunitie5 that it offers and, in some cases, the potential for gainful employment in the creative industries. this might be as a maker, tutor or bothl. It has a small bursary fund for day courses and offers its accredited course students the opportunity to spread their course fees over the duration of their course. Additionally, it has residential accommodation option5 to suit all budgets and the increasing numbers of students who travel from throughout the UK to attend their course. The accredited course programme that was launched in April included two City & Guild Level 2 Basketry courses. All places were quickly filled, and a third course was added to the programme and all places taken. Additionally, the two year City & Guilds Level 3 Basketry Diploma, which is exclusive to Westhope College, filled quickly. Westhope College has made a significant contribution to the growing interest in basketry in the UK in recent years and its removal from the Heritage Craft Association IHCAI Endangered Craft List. Westhope College is a member of HCA and is keen to promote endangered craft in its course programme and to continue to play its part in safeguarding traditional craft skills for future generations. The City & Guilds Level 2 Glas5 course also attracted pleasing numbers this year and the Charity will build on this interest. It continues to research additional courses to add to the accredited programme. Westhope College held its annual Open day in July when it celebrated the achievements of its graduating students with family and friends and showcased its activities to the wider community. Feedback from visitors
THE ANNE DYER FOUNDATION (A company limited by guarantee) OIRECTORS, AND TRUSTEES, REPORT Icontlnuedl FOR THE YEAR ENDED 31 AUGUST 2024 was very positive and comments included "wonderful display5" "so much talent" amazing" and "we enjoyed a peaceful walk around the gardens" "refreshments were Effective financial management, together with sound strategic planning, will ensure that the charity is a going concern for the foreseeable f uture. The Trustee5 have reviewed the Charity's investment strategy and management of the fund by Quilter Cheviot. It has been agreed that the portfolio should be moved to The Quilter Cheviot Global Income and Growth Fund (the Charity Fund) with its potential for increased returns and savings in the annual cost of the portfolio. Additionally, the Trustees are mindful of the burden on the Charity of any necessary repairs to the building which. under the terms of the current lease, are the responsibility of the Charity. Discussions are taking place between Trustee5 and the landlord to renegotiate the terrns of the lease. A diagnosis of a serious health condition in September resulted in the College Manager working remotely for a number of months. During the year, incoming resources from charitable activities increased slightly on the previous year. At the same time, expenditure on those activities was contained. The Charity is resilient, has a clear strategy for growth and the resources and commitment of all staff to achieve it. This was clearly demonstrated during the period. Westhope College will continue to develop it5 programme of workshops in response to students, interests and prevailing trends. It will bvild both its increasing reputation as a destination for groups who are seeking a venue for their arts, craft and musical activities and for the provision of high quality accredited courses. It has plans to launch a programme of talks in related subject5 and will be developing thi5 throu8hout the next year. The focus will remain on those core activities for which Westhope College enjoys an enviable reputation. Investment PolScy and Performance The Memorandum and Articles of Association permit the investment of surplu5 funds and the delegation of such powers to a professional investment manager. The Charity ha5 engaged Quilter Cheviot as investment managers under an agreement which specifies no investments to be undertaken in organisations involved in the arms trade and no new investment to comprise more than 5% of the portfolio. During the financial year the Tr Ustees after obtaining appropriate independent financial advice approved the disposal of the Quilter investment portfolio in individual a55et classes and the reinvestment of the proceeds in purchasing Units in the Quilter Global Income and Growth Fund for Charitie5. Investment income for the year wa5 £4,96312023.' £5,032) Disposal of investments during the year realised a net gain of £10.84712Q23.. Net loss1£1,78911. The unrealised net gain on revaluation of investments held at the 31 August 2024 amounted to £2,559131 August 2023.. unrealised net loss1£5,8541. After drawdown of £ 19,000 during the financial year1£2023.. Drawdown £45,000) the portfolio valuation decreased by1£6,9741 to £169,394 at 31 August 2024 from £176,368 at 31 August 2023.12023.. decrease in investment value1£54,55211. The performance of the investment5 is kept under constant scrutiny by the investment mana8er5.
THE ANNE DYER FOUNDATION (A company limited by guarantee) DIRECTORS, AND TRUSTEES, REPORT (continued) FOR THE YEAR ENDED 31 AUGUST 2024 Going Concern After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the "going concern" basis in preparing the f inancial statements. Further details regardin8 the adoption of the "going concern" basis can be found in the Accounting Policies. Flnanclal Revlew Net Expended resources before gainslllossesl on disposal and revaluation of investments amounted to a deficit of1£65,8571 for the year12023'. Net Expended resources1£55,9221. The def icit is arrived at as follows: Income £198,45412023.. £210,490), less expenditure £264,31112023: £266,412). After a realised net gain on disposal of investments £10,84712023'. Net loss1£1,7891 and unrealised net gain on revaluation of investments held at 31 August 2024 £2,55912023'. Unrealised net loss1£5,85411, the net Expended movement in funds for the year was1£52,451112023.' Net Expended1£63,5651 Reserves Pollcy The Trustees have established a reserves policy whereby the Charity's unrestricted funds not committed or invested in tangible fixed assets, i.e. the 'free reserve5" held by the Charity should equate to a target level equivalent to three month's budgeted expenditure for year ended 31 August 2025, plus an estimate of the current liability for redundancy pay for existing staff. The revised reserve5 target level of three months is calculated at £109,000 on 31 August 2024. (At 31 August 2023.. £100,540). The operating budget for the year ended 31 August 2025 has a planned deficit of1£24,000112023'. Planned Budget def icit for year ended 31 August 20241£44,0001. Actual reserves will be reviewed against the target level throughout the next financial vear to determine what, if any, action is required to spend down or build reserves. Free reserves at 31 August 2024 amounted to £149,957, a surplus of £40,957 over the revised target reserves amount of £109,000 for 2025. The actual free reserves at 31 August 23 were £184,679, a surplus of £84, 139 over the 2024 target reserves amount of £100,540. Trustees, Responslbllltles Statement The Trustees (who are also directors of The Anne Dyer Foundation for the purposes of company lawl are responsible for preparing the Trustees, report and the financial staternents in accordance with applicable law and United Kin8dom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each f inancial year. Under company law the Trustees must not approve the f inancial statements unless they are satisfied that they give a true and fair view of the State of affairs of the charitable company and of the incoming resources and application of resources. including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to.. Select suitable accounting policies and then apply them con51Stently,' Observe the methods and principles in the Charities SORP,. Make judgements and accounting estimates that are reasonable and prudent,. Prepare the financial statements on the going concern basis unle55 It 15 inappropriate to presume that the charitable company will continue in operation.
THE ANNE DYER FOUNDATION (A company limited by Euarantee DIRECTORS, AND TRUSTEES, REPORT Icontinuedl FOR THE YEAR ENDED 31 AUGUST 2024 The Trustees are responsible for keeping adequate accounting record5 that are sufficient to show and explain the charitable company'5 transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Compariies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prever)tion and detection of fraud and other irre8ularities. In preparing this report. the Trustees have taken advantage of the small companies, exemption provided by section 415A of the Companies Act 2006. This report was approved by the Trustees on 13 February 2025 and signed on their behalf by.. JMBarr Chair
THE ANNE DYER FOUNDATION (A company limited by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2024 Independent Examiner's Report to the Trustee5 of The Anne Dyer Foundation I report on the financial statements of the Charity for the year ended 31 August 2024 which are set out on pages 9 to 20. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice, including FRS 102 "The Financial Reporti ng Standard appl icable in the U K and Republic of Ireland") The report is made solely to the Charity's Trustees, as a body, in accordance with section 145 of the Charities Act 2011 and regulations made under section 154 of that Act. My work has been undertaken so that I might state to the Charity's Trustees those matters l am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report. Respectlve Responslbllltles of Trustees and Examlner The Trustees, who are also the directors of the company for the purposes of company law, are responsible for the preparation of the f inancial statements. The Trustees consider that an audit is not required for this year under section 14412} of the Charities Act 2011 Ithe Act) and that an independent examination is needed. Having satisfied myself that the company is not subject to audit under charity or company law and is eligible for independent examination, it is my responsibility to., examine the financial statements under section 145 of the Act. follow the procedures laid down in the general directions given by the Charity Commission under section 14515llbl of the Act. and state whether particular matters have come to my attention. Basis of Independent Examiner's Report My examination was carried out in accordance with the gener31 directions given by the Charitv Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the fina ncia I statements presented with those records. It also includes consideration of any unusua l items or disclosures in the financial statements and seeking explanations f rom you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the financial statements present a "true and fair view" and the report is limited to those matters set out in the statement below.
THE ANNE DYER FOUNDATION IA company limited by guarantee) INDEPENDENT EXAMINER'S REPORT (Continued) FOR THE YEAR ENDED 31 AUGUST 2024 Independent Examiner's Statement In connection with my examination, no matter has come to my attention: 111 which gives me reasonable cause to believe that in any material respect the requirements.. to keep accounting records in accordance with section 386 of the Companies Act 2006,. and to prepare financial statements which accord with the accounting records and comply with the accounting requirements of section 396 of the Companies 2006 and with the methods and principles of the Statement of Recommended Practice and Reporting bv Charities have not been met; or {2} to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached, Signed: Dated: 13 February 2025 B. Hilliard FCA
THE ANNE DYER FOUNDATION (A company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024 (including Income & Expenditure Account) Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 rotal funds 2023 Note INCOMING RESOURCES Incoming resources from generated funds: Voluntary income Investment income Incoming resources from charitable activities Other incoming resources TOTAL INCOMING RESOURCES 12,168 4,963 12,168 4,963 29,280 5,032 180,793 180,793 175,357 530 530 821 210,490 198,454 198,454 RESOURCES EXPENDED Charita ble activities Governance costs TOTAL RESOURCES EXPENDED 262,923 1,388 264,311 262,923 1,388 264,311 264,106 2,306 266,412 io NET {EXPENDED) I INCOMING RESOURCES BEFORE TRANSFERS Transfers between funds (65,857) (65,857) {55,922J 18 NET (EXPENDED)/ INCOMING RESOURCES BEFORE INVESTMENT ASSET DISPOSALS Net realised gain/ (loss} on disposal of investment assets (65,857) {65,857) (55,922) 15 10.847 10,847 (1, 789) NET (EXPENDED) / INCOMING RESOURCES BEFORE REVALUATIONS U nrealised net ga in/ Ilossl on revaluation of investment assets (55,010) {55,010) (57,711) 15 2,559 2,559 (5,854) NET MOVEMENT IN FUNDS FOR THE YEAR: IEXPENDED) / INCOMING 152,451) (52,4511 {63,565) Total Funds at 15eptember 2023 TOTAL FUNDS AT 31 AUGUST 2024 18 18 304,144 251,693 304,144 251,693 367,709 304,144 The notes on pages 11 to 20 form part of these financial statements.
THE ANNE DYER FOUNDATION (A company limited by guarantee) Registered number.. 02911113 BALANCE SHEET AS AT 31 AUGUST 2024 2024 2023 Note FIXED ASSETS Tangible assets Investments 14 15 101,736 169,394 271,130 119,465 176,368 295,833 CURRENT ASSETS Stocks Debtors and prepaid expenses Cash at bank and in hand 500 2,758 10,795 14,053 500 3,436 32,849 36, 785 16 CREDITORS & Deferred Income: amounts falling due within one year 17 133,4901 (28,474) NET CURRENT ILIABILITIESI IASSETS {19,437) 8,311 TOTAL ASSETS 251,693 304,144 CHARITY FUNDS General funds Restricted funds 18 18 251,693 304,144 TOTAL FUNDS 251,693 304,144 The Trustees consider that the company is entitled to exemption from the reouirement to have an audit under the provisions of section 477 of the Companies Act 20061 the Act") and members have not required the Charity to obtain an audit for the year in question in accordance with section 476 of the Act. The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the Charity as at 31 August 2024 and of its net resources for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, 50 far as applicable to the Charity The financial statements have been prepared in accordance with the provisions applicable to small companies within Part 15 of the Companies Act 2006. The financial statements were approved by the Trustees on 13 February 2025 and signed on their behalf by.. J M Barr Chair: The notes on pages 11 to 20 form part of these financial statements. io
THE ANNE DYER FOUNDATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 ACCOUNTING POLICIES Basis of preparation of the financial statements The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing thei r accounts in accordance with the Financial Reporting Standard applicable to the UK and Republic of Ireland IFRS 1021 {effective l January 20191 Icharities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. The Anne Dyer Foundation meets the definition of a public entity under FRS 102. A55ets and liabilities are initially recognised at historical cost or transaction value unles5 Otherwise stated in the relevant accounting policy note. Company status The Charity is a company limited by guarantee. The members of the company are the Trustees named on page l. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the Charity. Fund accounting General f unds are unrestricted funds which 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. Restricted funds are funds which are to be used in accordance with specif ic restrictions imposed by donors or which have been raised by the Charity for particular purposes, The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the fi nancial statements. Investment income, gains and losses are allocated to the appropriate fund. Incomlng resources All incoming resources are included in the Statement of Financial Activities when the Charity has entitlement to the funds, probability of receipt and the amount can be measured with sufficient reliabilitv. Donated services or facilities, which comprise donated services, are included in income at valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised where there is no financial cost borne by a third partv. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. li
THE ANNE DYER FOUNDATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 ACCOUNTING POLICIES (Continued) Resources expended Expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities, they have been allocated on a basis consistent with the use of the resources. Support costs are those costs incurred directly in support of expenditure on the objects of the company and include project management carried out at headquarters. Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements. Going concern The Trustees believe the company has suff icient liquid unrestricted funds to continue in operational existence for the foreseeable future and twelve months from the date of authorisation of these financial statements. The financial statements have been prepared on a going concern basis as the trustees believe no material uncertainties exist. The Trustees having considered the f inancial position and projected future cash flows covering twelve months forward and the budget for the next financial year, are conf ident the charity has sufficient liquid unrestricted funds to continue as a going concern for the foreseeable future, being twelve months from the authorisation of these financial statements. Tangible fixed assets and depreciation Tangible f ixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of f ixed assets, less their estimated residual value, over their expected useful life on the following basis: Heating Plant Fixtures and Fittings IOO/o Straight line 25% stra ight line Investments Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently they are measured at fair value with changes recognised in 'net gains / Ilossesl on investment, in the SOFA if the shares are publicly traded or their fairvalue can otherwise be measured reliably. Stock5 Stocks are valued at the lower of cost and net reali5able value after making allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overhead. 12
THE ANNE DYER FOUNDATION (A company Itmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 VOLUNTARY INCOME Unrestricted funds 2024 Restrlcted funds 2024 Total funds 2024 Total funds 2023 Donations Gift Aid 3,180 8,988 12,168 3,180 8,988 12,168 29,280 29.280 INVESTMENT INCOME Unrestrlcted funds 2024 Restrlcted funds 2024 Total funds 2024 Total funds 2023 Investment income from listed investments 4,963 4,963 5,032 INCOMING RESOURCES FROM CHARITABLE ACTIVITIES Unrestricted funds 2024 Restrlcted funds 2024 Total funds 2024 Totol funds 2023 Courses and accommodation fee5 180,793 180,793 175,357 OTHER INCOMING RESOURCES Unrestrlcted funds 2024 Restrlcted funds 2024 Total funds 2024 Totol fund5 2023 Solar energy 530 530 530 530 821 821 13
THE ANNE DYER FOUNDATION {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 EXPENDITURE BY CHARITABLE ACTivir SUMMARY BY FUND TYPE Unrestricted funds 2024 Restrlcted funds 2024 Total funds 2024 Total funds 2023 Direct cost5 INote 81 Support costs (Note 91 211,349 51,574 211,349 51,574 206,451 57,655 262,923 262,923 264,106 SUMMARY BY EXPENDITURE TYPE Staff costs 2024 other costs 2024 Total 2024 Total 2023 Direct costs (Note 81131 Support costs INote 91 131,781 79,568 51,574 211,349 51,574 206,451 57,655 131,781 131,142 262,923 264,106 GOVERNANCE COSTS Unrestrlcted 2024 Restrlcted 2024 Total 2024 Total 2023 Accountancy Legal and professional fees 140) 1,428 {40) 1,428 350 1956 1,388 1,388 2,306 14
THE ANNE DYER FOUNDATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 DIRECT COSTS Total 2024 Total 2023 Direct costs Wages & salaries Employer National Insurance Employer Pension Contribution Tutorial fees Course materials Travel Registration fees City & Guilds Board & refreshments Irrecoverable VAT Exhibition costs 125,937 3,378 2,466 46,894 6,476 1,400 4,352 20,306 125,937 3,378 2,466 46,894 6,476 1,400 4,352 20,306 127,457 3. 783 2,389 46,016 8,569 2,186 3,330 13,982 (1,338) 77 206,451 140 211,349 140 211,349 SUPPORT COSTS Support costs Total 2024 Total 2023 Insurance Rates Heat and light Printing, stationery, and postage Telephone and internet Advertisin8 and public relations Photocopier hire and maintenance Property repairs and maintenance Health and safety IT expenses Bank charges S(Jndry expenses Depreciation (Note 141 5,827 1,820 11,667 402 2,913 5,827 1,820 11,667 402 2,913 5,500 1,619 14,983 258 5,232 1,708 2,242 2,459 2,867 1,766 166 17,729 51,574 1,708 2,242 2,459 2,867 1,766 166 17,729 51,574 1,477 1,551 4,022 3,120 2.000 164 17.729 57,655 15
THE ANNE DYER FOUNDATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 io. ANALYSIS OF RESOURCES EXPENDED BY EXPENDITURE TYPE Staff costs 2024 Other costs 2024 Total 2024 Total 2023 Direct costs (Note 8 & 131 Support costs (Note 91 Governance (Note 71 131,781 79,568 51,574 1,388 211,349 51,574 1,388 206,451 57,655 2,306 131,781 132,530 264,311 266,412 ii. ANALYSIS OF RESOURCES EXPENDED BY ACTIVITIES Actlvltles undertaken dlrertlv 2024 Support costs 2024 Total 2024 Totol 2023 Direct Costs INote 81 Support costs INote 91 Zll,349 211,349 51,574 206,451 57,655 51,574 211,349 51,574 262,923 264,106 12. NET INCOMING RESOURCES This is stated after charging: 2024 2023 Depreciation of tangible fixed assets.. owned by the charity 17,729 17,729 16
THE ANNE DYER FOUNDATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 13. STAFF COSTS Staff costs were as follows: 2024 2023 Wages and salaries (Note 81 Employer National Ir15urance (Note 81 Employer Pension Contribution INote 81 125,937 3,378 2,466 131,781 127.457 3, 783 2.389 133,629 The average monthly number of employees during the year wa5 a5 follows.. Full time staff 2 and part time staff 512023.. Full time 2 and parttime 61 No. No. 13 {a) TRUSTEE REMUNERATION AND RELATED PARTY TRANSACTIONS There were no related parties transactions during the financial year. No trustee, nor any person connected with them, has received or is due to receive any remuneration or benefit in kind for the period, directly or indirectly from the Charity's funds. No expenses have been reimbursed to any of the Trustees in their role as Trustees. 14. TANGIBLE FIXED ASSETS Heatlng Plant Furnlture and Flttlngs Total Cost At I September 2023 Additions 165,697 105,874 271,571 At 31 August 2024 165,697 105,874 271,571 Depreclatlon At I September 2023 Charge for the year 49,710 16,570 102,396 1,159 152,106 17,719 At 31 August 2024 66,280 103,555 169,835 Net book value At 31 August 2024 99,417 2,319 101,736 At 31 August 2023 115,987 3,478 119,465 17
THE ANNE DYER FOUNDATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 15. FIXED ASSET INVESTMENTS Listed securltles Market value At I September 2023 Purchases Disposals Movement on cash balance5 Realised net profit on disposals Revaluations - unrealised net profit Management fees At 31 August 2024 176,368 180,845 1197,6251 12,220) 10,847 2,559 11,380) 169,394 Investments at market value comprlse: 2024 2023 Cash Alternative Investments - Property Quilter Global Income and Growth Fund 139,817.269 Units 1,240 7,085 4,617 7,506 161,069 164,245 All fixed asset investments are held in the UK, 16. OE8TORS ANO PREPAID EXPENDITURE 2024 2023 Debtor5 751 994 Prepaid expenses including accrued investment income £86512023.. £5991 2,007 2,442 2,758 3,436 17. CREDITORS Amounts falling due within one year 2024 2023 Trade creditors VAT Accrued expenses Deferred course income 134) 407 7,657 25,460 33,490 50 4,661 23, 763 28,474 18
THE ANNE DYER FOUNDATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 18. STATEMENT OF FUNDS Brought Forward 01.09.23 Carried Forward 31.08.24 Incomlng resources Resources Expended Transfers Inlout Gainsl (Losses) Deslgnated funds Designated funds General funds Revaluation reserve General reserve 34,698 130,970) 3,728 269,446 198,454 1264,311) 30,970 13,406 247,965 304,144 198,454 (264,3111 13,406 251,693 Total unrestrlcted funds 304,144 198,454 1264,311) 13,406 251,693 Restrlcted funds all funds Total funds 304,144 198,454 1264,311) 13,406 251,693 The revaluation reserve represents the excess of the investment portfolio valuation at 31 August 2024 over book cost. 19
THE ANNE DYER FOUNDATION IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 SUMMARY OF FUNDS Brought Forward 01.09.23 Incoming resources Resources Expended Transfers Inlout Gains/ (Losses) Carried Forward 31.08.23 Designated funds General funds 304,144 304,144 198,454 198,454 1264,311) 1264,311) 13,406 13,406 251,693 Z51,693 Restricted funds 304,144 198,454 1264,311) 13,406 251,693 19. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestrlcted funds 2024 Restrlcted funds 2024 Total funds 2024 Total funds 2023 Tan8ible fixed assets Fixed asset investments Current assets Creditor5 due within one year 101,736 169,394 14,053 133,4901 101,736 169,394 14,053 {33,4901 119,465 176,368 36,785 (28,474) 251,693 251,693 304,144 20