Docusign Envelope ID." Bc4B182D-D56E41B8-A372-E08DI￿o8FF2l Registered Number 1110118 THE DALBY CHARITABLE TRUST TRUSTEES, REPORT AND FINANCIAL STATEMENTS 5 April 2022 Docusign Envelope ID." Bc4B182D-D56E41B8-A372-E08DI￿o8FF2l THE DALBY CHAIUTABLE TRUST CONTENTS Page Trustees, annual Teport Statement of trustees, responsibilities Independent examineiE' report Receipts and payments Statement of assets and liabilities Notes to the financial statements 7-12 Docusign Envelope ID." Bc4B182D-D56E41B8-A372-E08DI￿o8FF2l THE DALBY CHAIUTABLE TRUST TRUSTEES, AIYNUAL REPORT REFERENCE AND ADMINtSTRATION DETAILS: Registered Charity name: Registered charity number: Principal address The Dalby Charitable Trust 1110118 20 Bromplon Squar¢ London SW3 2AD Trustees Patrick Claude John Dalby Lucy Margarella I lyacinthe Dalby Patrick V&l¢riai) Siniley Advisors: Banker Weatherbys Bank Saiiders Road Wellingborough Noitliai)ts NN8 4BX Solicitor Charles Russell 8-10 New Fetter Laiie London EC4A I RS Investment managers Cazeiiove Capital Management Limited l London Wall Pla¢e London EC2Y SAU Accountant Deloitte LLP I Station Square Cainbridgc CBI 2GA Independent examiner (Ivhen required) C P J Doligheity, FCA Lakin Rose Liinited Pioi)eei' House Vision Park Cainbridge CB24 9NL STRUCTURE, GOVERNANCE AND MANAGEMENT: Governing document and Constitution The charity was formed under a declaralion of trust for charitable purposes on 28 April 2005. The power of appointment of trustees is vested in the existiiig trustees by a resolution passed at a ii)eetiiig of the trustees. There shall be at least three and no more than five trustees. Trustee selection method8 0;5=487: 1:>69;<6 30, ./'.$.%0"0()1"'$.+"-&*%"1#+0-%#+22%$ 9,*^)%0&=^'-%7.9%&0*^97:89^ 97:89**8"^%32:%0^7*5479^ 4&/*(91*8^%2)^%'91.9.*8#^ 8YOO>T]^RC^R?KB@WIZBV^>V^VBW^ RYW^IQ^WHB^GR[BTQIQG^AR@YOBQW^ 8YOO>T]^RC^P>IQ^>@WIZIWIBV^ YQABTW>LBQ^ET^XHB^SY?MI@^?BQBDJW^ C[P|gK_PNon|gR|o[P|N[Hj\oz|HjP|og|iHz|o[P|\eNgdP| HeO|nsN[|iHjo|gR|o[P|NHi\oHa|Hn|p[P|ojsnoPPn|dHz| OPN\OP|og|nsN[|N[Hj\oz|\e|Hez|iH/q|gR|o[P|xgjbO|Hn| HjP|PyNbsn\wPbz|N[Hj\oHKbP|HeO|\e|iH]q\NsbHj| Xj| o[P|jPb\PR|gR|R^eHeN\Hb|[HjOn[\i|P\o[Pj|ZPePjHbbz| gj| \eO\w\OtHbbz| gR|iPgibP| b\w\eZ| \e|o[P| De\oPO| >\eZOgd| Kz| dH`\eZ| ZjHeon| gR| dgePz| Xj| ijgw\O\eZ| gj| iHz\eZ| Vhj| \oPdn)| nPjw\NPn| gj| VIN\c\o\Pn+| BPwPeoPPe|OgeHp\gen|xPjP|dHOP|Otl\eZ|o[P|zPHj| pgoHbb\eZ| {0..)...+| =\YPPe| OgeHo\gen| jPiPHpPO| nsiig/q|Z\wPf|\e|ijPw\gsn|zPHjn,| C[P|OgeHo\gen|xPjP|NHoPZgj\nPO|Hn|Vhbbgxn8| C[P|:pn| 1|OgeHo\ge| 9jdPO|BPjw\NP|EPoPjHen| 2|OgeHo\gen| DeOPjij\w\bPOZPO|;[\aOjPe| 7|OgeHo\gen| Aj\nge|FPbVJjP| 2|OgeHp\gen| =Hd\az|GPaVJjP| 3|OgeHp\gen| @o[Pj| 2|OgeHo\gen| C[P|ojsnoPPn|NgeS]["] d|o[Ho|p[Pz|[HwP|jPVQjjPO|og| o[P| ;[Hj\rz| ;gdd\nn\ge$n|ZPePjHa|Zs\OHeNP|ge| isKb\N| KPePWo| x[Pe| dH`\eZ| OgeHo\gen| HeO| HZjPP\eZ|p[P|O\noj\Kso\ge|igb\Nz|Vhj|o[P|zPHj+| 8YOO>T]^RC^P>IQ^>@HIBZBOBQWV^ FT^WHB^]B>T^ n 145 of the Charities Act 2011 aiid regulations made under section 145 151 {bl of that Act. My work has been undertaken so that I might slate lo the charity's Iruslees those matters l am ￿qUired lo stale lo them in an Independent examinerfs report and for no olher purpose. To the fullesl extent permitted by law, I do nol attepl or assumè responsibility lo anyone other than the charity and the charity's Iruslees as a body, lor my work, for this report, or for the oplnlons I have formed. Resp6¢tlve responslbllltles of tru8t&es and gxamlnpr The chaiity's ItU5tees are responsible lor the preparation of the accounts. The charity's trustees con*ider that an audit is not requlTEd for this year (under section 145{11 of the Charities AGI 2011 Ilhe 2011 Acll) arbd that an independent examinalloii is needed. 11 is my responsibility lo.. examine the accounts lundei section 145 01 the 2011 Acl}; 10 follow the pro￿dUreS laid down in the General Directions given by the Charity Commissioners lundef section 145{5)(b} of the 2011 Act},' and to stale whether particular mallèrs have come lo my atlenliL)n. Basis of independent examin*es rèport My examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination [￿ludeS a review ol the accounting records kept by the charity an a comparison of the accounlg presented with those records. It also includes consider81ion of any unusu81 items or disclosures in the accounts, and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all Ihe evidence Ihal would be required in an audil, and Gonsequenlty no opinion is given as to whether the financial slalements present a'lrue and fair view, and the report is limited to th08e mallers sel out in the slalement t￿lOW. Independent examlner's siatomgnt In connection with my examination, no matter has come lo my allention.. 11} whlch gives me reasonable cause to believe that. In any material respect, the requlrements., to keep accounting reoords in accordance with sètlion 130 01 th￿ 2011 Act; and to prepare accounts which ￿Cord wllh the accounlino reeords and comply with the accountsng requirements of the 2011 A have not been met or 121 lo which, in my opinion. attention slw)uld be drawn in order lo enable a proper understanding of the accounis lo be reached. Signed". C P J Dougherly, FCA Lakin Rose Limited Pioneer House Vision Park Hislon, Cambridge. CB24 9NL Docusign Envelope ID." Bc4B182D-D56E41B8-A372-E08DI￿o8FF2l THE DALBY CHARrrABLE TRUST RECEIPTS AND PAYMEf+TTS year ended 5 April 2022 Notes 2022 2021 REcEiprs From voluntary sources Donatioi) 30,000 19,000 Investment income UK Unit'frusts Foreign Unit Trusts UK Interest 14,858 5,577 12,187 4,687 Reeeipts $ub-totsls 50,435 35,874 ivliscellaneous receipts HMRC Repayment Equali5alion Investment transactions - disposals 5,744 1,464 338,375 462 135,721 TOTAL RECEIIryS FOR YEAR 186,618 381.457 PAYMENTS Charitable expenditure Doiiations i 00,000 100,000 Other expenditure Accouiitancy fee Indepei)dent examinels fees LEI Application fee Management expenses 2,940 840 145 3,664 2,844 840 75 3,380 Payments sub-totals 107,589 107,139 Miscellaneous payment5 Investment transactions - Plirehases 113,819 244.876 TOTAL PA YMENTS FOR YEAR 221.407 352,015 Net reeeiptsl(paymeMt5} CA3h fund$ held at 5 April 2021 Cash funds held at 5 April 2022 (34,790) 43,228 8,438 29.442 13,786 43,228 7 < ## THE DALBY CHARITABLE TRUST ## STATEMENT OF ASSETS AND LIABILITIES 5 April 2022 ||Notes||||| |---|---|---|---|---|---| ||||2022||2021| |CASH FUNDS|||£||£| |Cash at bank||£|8,438|£|43,228| |OTHER MONETARY ASSETS|||||| |Debtors|||||| |Dividend due|||||775| |Tax reclaim - 2022|||24,545||| |Tax reclaim - 2021|||15,545||| |||£|40,090|£|775| |INVESTMENT ASSETS|||||| |Valuation provided by Schroder & Co. Limited|2|£|793,641|£|710,263| |LIABILITIES|||||| |Management and administration expenses:|||||| |Accounts preparation|||(3,210)||(2,940)| |Independent examination|||(840)||(840)| |||£|(4,050)|£|(3,780)| ||||||| |TOTAL UNRESTRICTED FUNDS||£|838,119|£|750,486| Approved by the trustees and signed by: Patrick Claude John Dalby Lucy Margaretta Hyacinthe Dalby Patrick Valerian Smiley "' +./ $"$% 0 ##)'()&$ *,- Date 6 Docusign Envelope ID." Bc4B182D-D56E41B8-A372-E08DI￿o8FF2l THE DALBY CHARITABLE TRUST NOTES TO THE FINANCIAL sTATEMEr￿s year elldcd 5 April 2022 I. ACCOUNTING POLICIES The financial statements are prepared on a Receipts and Payments basis in accordance with Seciion 133 of the Charities Act 2011. Particular accounting policies adopted by the trustees are described below. a) Kncome and expenditure Income and expenditure is accounted for on a receipts and payments basis. b) Investments Investments listed on a recognised stock exchange are shown in the statement of assets and liabilities ai their market value al the year end. The valuation was provided by Schi'oder & Co. Limited. 2. INVESTMENT ASSETS 2022 2021 Quoted investments Market value at 6 April 2021 710,263 593.298 Additions al value1¢05t 113,819 315,402 Disposal proceeds (135,721) (338,375) Realised and unrealised gains and losses Market value at 5 April 2022 105,280 793,641 139,938 710,263 Bix)k cost at 5 April 2022 715,050 696,462 3. RELATED PARTY TRANSACTIONS A donation of 84,000 Schr(Kler unit trust moorgate l incotne units were received from Mr Patrick Dalby (trustee) during the year. The units were independently valued at £45,763 at tlie date of the transfer. Docusign Envelope ID." Bc4B182D-D56E41B8-A372-E08DI￿o8FF2l THE DALBY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS year ended 5 April 2022 4. DONATIONS 2022 2021 Payee 3H Fund Adapt Bede House Association Burma Star Memorial Fund Childhood Trust Combat Stress Coratn Criminon Demand Disabled Veterans Scholarships Family FIoliday Association iiie Cell Work First Step Greatwood Charity Ltd Grove Adventure Playground E-lappy Days Horse Time Huguenot Museum Injured Jockeys Racing Welfare Rcact l all Ships The Royal Ballet School Whizz Kids 5,000 5,000 5,000 10,000 5,000 5,000 5,000 5,000 5,000 5,000 5.000 5,000 10,000 10,000 5,000 5,000 5,000 5.000 5,000 5,000 5,000 10,000 5,000 5.000 5,000 5,000 5,000 5,000 10,000 5,000 loo,000 10,000 5,000 10,000 i 00,000 Docusign Envelope ID." Bc4B182D-D56E41B8-A372-E08DI￿o8FF2l Cu81omar The Dalby Charitabb Trust Customer No. 709890 ReferenG¢ Curfyncy GBP C¢y Quantlty Cost Prfce Fo￿X Cost C¢>stValu• Market Price Forex Rats Ylekl Market Value Accrual$ Estlmated In¢omo Welght Unltod Klngdom Trojan In¢omè 5hs Class -5- Trqan Investrnent FU￿1$ 10.(KIO 2.03 18,775 2.40A 20.338 2.600 487 LF LlontfU8t UK Equlty Fund 5h5 Cl95s.X. GBP Inc( LF Lionlru8t A55et Manaoemont Investment Fund Company B8BHOR2 1.53 55.026 53,878 1.81% 997 Totsl Unlted Klngdom 74.217 73001 9.2% 2.01% North Arneri¢• Ne￿berger Bemian US Large Cap Valu8 FuThJ 5hs-14- Unhedged G8P Di8lribulion Neuberger 8errnan Investmont Fds PLC BPP1X06 10.71 10.44 20,880 2.6% 21,412 Japsn 8lackRock IShare8Japan Equty Index Fund IUKI 5h8-5. GBP Inco Bla&Rock Collectwe Inve5tm?nt Ftls BN08ZF4 21,010 19.785 12 2.5% 20,815 0.15% Docusign Envelope ID." Bc4B182D-D56E41B8-A372-E08DI￿o8FF2l The Dalby Charitable Twst Customor No. 71)9 Reforenco Currgncy GBP Ccy Quantlty Cost Prfco Forox Cost Cost Valu8 Market Prf¢o Forox Ralg old Market Valu8 A¢¢ruals Estlmatsd Income Wolght Aslo ex.Japan S¢hrodorAslan Income Maxlmlsfrr Units Class -5- GBP Schroder Unll Tru51s Llmlled BGCC?X2 GBP 100.000 0.62 0.54 $4,330 6.8% 62,276 7.41% 4.028 Global Polar Global In8ur8n¢o Fund ShsCla5s-E- G8P D￿thbut￿n Polarcapital Funds PLC B4xZ￿8 GBP 7.500 687 51.519 151 6.5% 41.954 0.93% Fld811ty Global Dl¥ld8nd Fund Shs Class.W. GBP Irwne Fldellty1nve8lm8nls Funds B717808 2.01 2.17 119.080 1.102 3,321 15.0% 110,029 Schrodor Global Recovfjry Shs.5. GBP Income Schroder Investment Fund Company BD3WZ31 GBP 19.329 2.4% 18.715 2.40% HSBC FTSEAII.Worfd Ind•x F￿d Shs -5-GBP-IrKtyme HSBC Index Tracker Investment Fur%Js 6FOGWA9 GBP iO,(M)O 2.18 21,830 13.822 1.34% M&G Global Dlvldend Fund ShsClass-PP- GBP u￿￿ge￿ Inci)m8 BKIXXF7 125.814.322 1.28 181.364 1.678 4.442 20.4% 124,291 2.75% io Docusign Envelope ID." Bc4B182D-D56E41B8-A372-E08DI￿o8FF2l The Dalby Charitable Trust Cust(¥nor No. 7098 Quantity Cost Pric8 Forex Cost ost Value Market Pdce Forex Rats Ylold Market Value V181ght Accrual8 Estsmated Incomo Global Atla5 Global Inlrastructure Fund Sh$ & Unhedged GBP ATLAS Gbbal Infrastrudure UCITS BKTZQP2 4YJ 113.80 140.34 63.153 51.209 2.75% 1.734 Nlnèty Onè 111 Glob$l Environment Fund Shs Ninety Fufids Series111 BLM1PL3 20,OCII 1.65 31,728 33,047 0.84% Wolllngton Global Health Care Equity Fund Shs-UNIA1k Unhedged GBP D6 Wellinylon Mgmt F￿ndS Ilrelandl PLC BN6H GBP 6,193.042 9.13 9.61 59.537 7.5% 56,512 Total Global 449.$80 $27.541 3.196 10.998 86.5% 2.09% Toial E 628.29 696.336 3.208 16.539 87.6, 2 38,1, Comm￿1111¢$ sdomTree Enhano¢d clxnm￿[fy UCITS ETF Shs USD- In GBP $doMTreelss￿rlCAv BDPffp5 GBP 12.40 19,840 2.5% 15,672 li Docusign Envelope ID." Bc4B182D-D56E41B8-A372-E08DI￿o8FF2l The Dalby Chantabl8 Trust Custom8r No. 709890 Ref&rence CurrenGy G8P a uanlily Cost Price Forex Cost Cost Value Market PriGe Forex Rale Ylelo Market Value AcGrual$ Esllmated Incom8 Weight Schroder Di¥ersified Altemativ Asset5 GBP 375 105.45 117.55 44.080 5.5% 39,545 3.3Vh 1,494 Schr0derspe￿a1Situat￿n Fd SICAV B(195R16 Hipgn05is Song5 Fund Lirnit￿j Shs Ordinary GBP Bpff9H7 GBP 27.5CKI 1.15 33,385 4.2% 31.535 4.33% Total Oth 71.080 77,465 3.71 2.938 88.752 Q7.305 2.93£ Sterfino Investment A¢rx)unl Capital AC1709890.0110 CBP 1.758.6 1,759 0.2% 1.75G Total MaTkgt I, .l..L Total AccruÈls 795,40Q 3,208 798.608 IOD.O' 2.45'1, 12