Registered Number 1110118
THE DALBY CHARITABLE TRUST
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS
5 April 2025
THE DALBY CHARITABLE TRUST
CONTENTS
| Page | |
|---|---|
| Trustees’ annual report | 1 – 2 |
| Statement of trustees’ responsibilities | 3 |
| Independent examiners’ report | 4 |
| Receipts and payments | 5 |
| Statement of assets and liabilities | 6 |
| Notes to the financial statements | 7 - 12 |
THE DALBY CHARITABLE TRUST
TRUSTEES’ ANNUAL REPORT
REFERENCE AND ADMINISTRATION DETAILS:
| Registered charity name: | The Dalby Charitable Trust |
|---|---|
| Registered charity number: | 1110118 |
| Principal address | 20 Brompton Square |
| London | |
| SW3 2AD | |
| Trustees | Patrick Claude John Dalby |
| Lucy Margaretta Hyacinthe Dalby | |
| Patrick Valerian Smiley | |
| Advisors: | |
| Banker | Weatherbys Bank |
| Sanders Road | |
| Wellingborough | |
| Northants | |
| NN8 4BX | |
| Solicitor | Charles Russell |
| 8-10 New Fetter Lane | |
| London | |
| Investment managers | EC4A 1RS Cazenove Capital Management Limited 1 London Wall Place |
| London | |
| EC2Y 5AU | |
| Accountant | Deloitte LLP |
| Fusion Point 2 | |
| Cardiff | |
| CF10 5BF | |
| Independent examiner (when required) | Bevan Buckland LLP |
| Ground Floor, Cardigan House | |
| Castle Street | |
| Swansea Enterprise Park | |
| Swansea SA7 9LA | |
| STRUCTURE, GOVERNANCE AND | |
| MANAGEMENT: | |
| Governing document and | The charity was formed under a declaration of |
| Constitution | trust for charitable purposes on 28 April 2005. |
| Trustee selection methods | The power of appointment of trustees is vested |
| in the existing trustees by a resolution passed at | |
| a meeting of the trustees. There shall be at least | |
| three and no more than five trustees. |
1
THE DALBY CHARITABLE TRUST TRUSTEES’ ANNUAL REPORT OBJECTIVES AND ACTIVITIES:
Summary of objectives as set out in the governing document
The objects of the charity are to pay the income and such part of the capital as the trustees may decide to such charity in any part of the world as are exclusively charitable and in particular for the relief of financial hardship either generally or individually of people living in the United Kingdom by making grants of money for providing or paying for items, services or facilities.
Summary of main activities Nineteen donations were made during the year undertaken for the public benefit totalling £105,000. Thirteen donations repeated support given in previous years.
The donations were categorised as follows: -
The Arts 2 donation Armed Service Veterans 3 donations Medical Charities 4 donations Horse Racing charaties 2 donations General Welfare 8 donations
The trustees confirm that they have referred to the Charity Commission’s general guidance on public benefit when making donations and agreeing the distribution policy for the year.
Summary of main achievements for the year
During the year, Mr Patrick Dalby donated shares to the trust which were valued at £39,984.
Donations totalling £105,000 were granted to charitable orgaisations during the year.
FINANCIAL REVIEW: The trustees consider the assets of the trust as Policy on reserves “expendable endowment” to provide income from which to make donations and not as reserves.
| Any unrestricted funds not committed or | ||||
|---|---|---|---|---|
| invested in tangible fixed assets (‘the free | ||||
| reserves’) are held to fund management, | ||||
| administration and support costs and continuing | ||||
| donations in furtherance of the charity’s | ||||
| objectives. | ||||
| …………………………….. DocuSignedby: PatrickDaly 39CD2A1C124D465D... |
………………………………… …………………………….. Oeby: DocuSignedby: |
[ JC |
||
| TRUSTEE | TRUSTEE | TRUSTEE |
2
THE DALBY CHARITABLE TRUST
STATEMENT OF TRUSTEES’ RESPONSIBILITIES
The Charities Act 2011 requires the trustees to prepare a statement of accounts for each financial year which comply with the regulations made under the Act. The financial statements are prepared on a cash basis and must properly present the receipts and payments for the financial year and the balances held at the end of the year.
The trustees are responsible for keeping proper accounts. The trustees must ensure that proper financial procedures are followed and that accounting records are maintained in the form prescribed, and all assets for which they are responsible are safeguarded.
3
THE
DALBY CHARITABLE TRUST
I report to the trustees on my examination of the accounts of the charity for the year ended 05[th] April 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 201 1(‘the Act’). I report in respect of my examination of the Trustee’s accounts carried out under section 145 of the 2011 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 2011 Act.
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 Trust 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.
Signed:
Name: Michael Jones
A ssociation of Chartered Certified Accountants
Address: Bevan Buckland LLP Chartered Accountants Ground Floor, Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA Date: 17/03/2026
4
THE DALBY CHARITABLE TRUST
RECEIPTS AND PAYMENTS year ended 5 April 2025
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||||||
|---|---|---|---|---|
|Notes|2025|2024|
|RECEIPTS|£|£|
|From voluntary sources|
|Donation|17,825|-|
|Investment income|
|UK Unit Trusts|8,606|10,300|
|Foreign Unit Trusts|7,501|6,245|
|UK Interest|742|735|
|Receipts sub-totals|34,674|17,280|
|Miscellaneous receipts|
|-|-|
|HMRC Repayment|
|Equalisation|556|1,266|
|Investment transactions - disposals|313,499|357,076|
|TOTAL RECEIPTS FOR YEAR|348,729|375,622|
|PAYMENTS|
|Charitable expenditure|
|Donations|105,000|100,000|
|Other expenditure|
|-|
|Accountancy fee|6,888|
|Independent examiner's fees|1,020|960|
|LEI Application fee|-|60|
|Management expenses|3,920|3,689|
|Payments sub-totals|116,828|104,709|
|Miscellaneous payments|
|Investment transactions - purchases|212,734|293,622|
|TOTAL PAYMENTS FOR YEAR|329,562|398,331|
|Net receipts/(payments)|19,166|(22,709)|
|Cash funds held at 5 April 2024|42,502|65,211|
|Cash funds held at 5 April 2025|£|61,668|£|42,502|
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5
THE DALBY CHARITABLE TRUST
STATEMENT OF ASSETS AND LIABILITIES 5 April 2025
| Notes | |||||
|---|---|---|---|---|---|
| 2025 | 2024 | ||||
| CASH FUNDS | £ | £ | |||
| Cash at bank | £ | 61,668 | £ | 42,502 | |
| OTHER MONETARY ASSETS Debtor Dividend due Tax reclaim - 2025 Tax reclaim - 2024 |
25 - - |
- - - |
|||
| £ | 25 | £ | - | ||
| INVESTMENT ASSETS | |||||
| Valuation provided by Schroder & Co. Limited | 2 | £ | 744,950 | £ | 785,870 |
| LIABILITIES Management and administration expenses: Accounts preparation Independent examination Independent examination - prior year underprovision |
(3,720) - - |
(3,528) - - |
|||
| £ | (3,720) | £ | (3,528) | ||
| TOTAL UNRESTRICTED FUNDS | £ | 802,923 | £ | 824,844 | |
| Approved by the trustees and signed by: DocuSigned by: |
|||||
| Patrick Claude John Dalby DocuSigned by: |
|||||
| Lucy Margaretta Hyacinthe Dalby Patrick Valerian Smiley ACB48E0CB780448... Are D98E2356702A48E... |
Date
6
THE DALBY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS year ended 5 April 2025
1. ACCOUNTING POLICIES
The financial statements are prepared on a Receipts and Payments basis in accordance with Section 133 of the Charities Act 2011.
Particular accounting policies adopted by the trustees are described below.
a) Income 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 at their market value at the year end. The valuation was provided by Schroder & Co. Limited.
2. INVESTMENT ASSETS
| 2025 Quoted investments Market value at 6 April 2024 785,870 Additions at value/cost 212,734 Disposal proceeds (313,499) Realised and unrealised gains and losses 59,845 Market value at 5 April 2025 £ 744,950 £ Book cost at 5 April 2025 £ 705,443 £ |
2024 759,830 293,622 (357,076) 89,494 785,870 699,504 |
|---|---|
3. RELATED PARTY TRANSACTIONS
A donation of 3,920 JP Morgan Indian Investment Trust income units were received from Mr Patrick Dalby (trustee) during the year. The units were independently valued at £39,984 at the date of the transfer.
7
THE DALBY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS year ended 5 April 2025
4. DONATIONS
| 2025 | 2024 | |||
|---|---|---|---|---|
| Payee | £ | £ | ||
| 3H Fund | 5,000 | 5,000 | ||
| ADAPT | - | 5,000 | ||
| Burma Star Memorial Fund | 5,000 | - | ||
| Combat Stress | 5,000 | 5,000 | ||
| British Racing School | 5,000 | - | ||
| Coram | 5,000 | - | ||
| Criminon | - | 5,000 | ||
| Demand | 5,000 | 5,000 | ||
| Disabled Veterans Scholarships | 5,000 | 5,000 | ||
| Dancers Career Development | 5,000 | - | ||
| Edward V11 Hospital | - | 7,500 | ||
| ERIC | - | 5,000 | ||
| Fine Cell Work | - | 7,500 | ||
| Go Beyond | 5,000 | 5,000 | ||
| Great Ormond Street Children's hospital | 5,000 | - | ||
| Greatwood Charity Ltd | 5,000 | - | ||
| Happy Days | 5,000 | 5,000 | ||
| Horatio's Garden | - | 5,000 | ||
| Lennox Children's Cancer Fund | - | 5,000 | ||
| Motor Neurone Disease Association | - | 5,000 | ||
| National Horse Racing Museum | 10,000 | 5,000 | ||
| Royal Hospital for Neuro Disability | 5,000 | - | ||
| React | 5,000 | 5,000 | ||
| Respite Association | 5,000 | 5,000 | ||
| Smile Train | 5,000 | - | ||
| Tall Ships Youth Trust | 5,000 | - | ||
| The Royal Ballet School | 10,000 | 10,000 | ||
| £ | 105,000 | £ | 100,000 |
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Docusign Envelope ID: 0BD24721 ~~-~~ 349 ~~D-~~ 4D1 ~~7~~ -AC5 ~~C~~ -C7DE64FFECFC
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|Tax|Report|for|the|Period|06.04.2024|-|05.04.2025|
|Customer|The|Dalby|Charitable|Trust|
|Customer|No.|709890|
|Reference|Currency|GBP|
|Positions|as|at|05.04.2025|
|Ccy|Quantity|Cost|Price|Market|Price|Market Value|Weight|
|Forex|Cost|Forex|Rate|Accruals|
|Cost|Value|Yield|Estimated|
|Income|
|United|Kingdom|
|ManGLG|Income|Fund|GBP|15,000|1.40|1.28|19,170|2.5%|
|D-GBP|Professional|Distribution|86|
|Man|UK|ICVC|21,008|5.29%|1,015|
|BO117D3|
|Europe|ex.|UK|
|BlackRock|European|Dynamic|Fund|GBP|16,591|2.97|2.63|43,665|5.8%|
|Units|Class|-FD-|GBP|256|
|BCZRNM2|49,274|0.88%|385|
|North|America|
|Vanguard|S+P|500|ETF|GBP|750|74.99|75.85|56,888|7.5%|
|GBP|Distribution|UCITS|
|Vanguard|Funds|PLC|56,246|1.54%|878|
|B7NLLS3|
|JPMorgan|America|Equity|Fund|USD|500|118.37|122.29|47,299|6.2%|
|3|12|USD|-|Distribution|1.26114|1.29274|
|3|JPMorgan|Funds|SICAV|46,928|0.56%|267|
|6|BD1JYw6|
|>|
|3|=|—————|-|ee|——|=|
|5|Fisher Investments|US Small|GBP|230|130.42|93.61|21,530|2.8%|
|5|Mid|-|Cap|
|i|Core|Equity Fund|
|3|Shs|-D3|-|Unhedged|GBP|Distribution|29,997|
|:|Fisher|Inv|Institutional|Funds|PLC|
|3|BNTZ9Q5|
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Docusign Envelope ID: 0BD24721 ~~-~~ 349 ~~D-~~ 4D1 ~~7~~ -AC5 ~~C~~ -C7DE64FFECFC
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|Tax|Report|for|the|Period|06.04.2024|-|05.04.2025|
|Customer|The|Dalby|Charitable|Trust|
|Customer|No.|709890|
|Reference|Currency|GBP|
|||Positions|as|at|05.04.2025|
|Ccy|Quantity|Cost|Price|Market|Price|Market|Value|Weight|
|Forex|Cost|Forex|Rate|Accruals|
|Cost Value|Vield|Estimated|
|Income|
|North|America|
|Findlay|Park|American|Fund|GBP|348|76.40|154.65|53,818|7.1%|
|I-|GBP|Distribution|
|Findlay|Park|Funds|ICAV|26,589|
|BWY58M2|
|Total|North|America|159,760|179,535|23.6%|
|0.64%|1,145|
|Japan|
|M+G Japan|Fund|GBP|40,636|1.20|1.30|52,741|7.0%|
|PP-GBP-|Distribution|SHT|
|M+G|Investment|Funds|(1)|53,426|2.22%|1,172|
|BK7XXP7|
|Asia|ex.|Japan|
|Man|GLG|Asia|Pacific|GBP|136|122.56|118.27|16,085|2.1%|
|(ex-Japan)|Equity|
|Shs|-IF|C-|Net|GBP-Income|16,669|1.61%|258|
|Man|Funds|PLC|
|BLH12S4|
|Schroder|Asian|Income|Fund|GBP|65,000|O77|0.80|51,740|6.8%|
|Units|Class|-S-|GBP|
|Schroder|Unit|Trusts|Limited|49,892|4.61%|2,385|
|BYVDJ19|
|Total|Asia|ex.|Japan|66,560|67,825|8.9%|
|3.90%|2,644|
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Docusign Envelope ID: 0BD24721 ~~-~~ 349 ~~D-~~ 4D1 ~~7~~ -AC5 ~~C-~~ C7DE64FFECFC
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|---|---|---|---|---|---|---|---|---|---|
|||Jax Reppert foritaePeriadh06,022044|-)95,04.8085|
|Customer|The|Dalby Charitable Trust|
|Customer|No.|709890|
|Reference|Currency|GBP|
|BPBositians as.ab95.0%8085|
|Ccy|Quantity|Cost|Price|Market|Price|Market Value|Weight|
|Forex|Cost|Forex|Rate|Accruals|
|Cost|Value|Yield|Estimated|
|Income|
|Eqnawisies|
|Global|
|Amundi|Prime|All|Country|GBP|8,757|8.57|7.99|69,968|9.2%|
|World|UCITS|ETF|
|GBP|Distribution|75,056|2.03%|1,419|
|Amundi|ETF|ICAV|
|BSHRJL3|
|M+G|Global|Dividend|Fund|GBP|80,614.322|0.99|1.39|112,247|14.8%|
|PP-|GBP|Distribution|
|BK7XXF7|79,765|3.95%|4,435|
|Fidelity|Global|Dividend|Fund|GBP|42,500|1.25|1.19|50,405|6.7%|
|R-|GBP|Distribution|396|
|Fidelity|Investment|Funds|53,327|2.62%|1,319|
|BKPT8xX0|
|Atlas|Global|Infrastructure|Fund|GBP|450|113.80|139.49|62,772|8.3%|
|B-GBP|Distribution|
|ATLAS|Global|Infrastructure|UCITS|51,209|3.71%|2,329|
|BKTZQP2|
|Wellington|Global|Health|Care|GBP|6,193.042|9.13|8.80|54,487|7.2%|
|Equity|Fund|
|UN(A1)|GBP|Distribution|56,512|
|Q|Wellington|Mgmt|Funds|(Ireland)|PLC|
|s|BN6HHW6|
|Pa|
|2|Total|Global|315,870|349,880|46.1%|
|2|396|
|3|2.72%|9,502|
|8|Thal|fawities|6EPERPS|7TVABAIS|993R9|
|3|i,|315|
|g|293%|15,862|
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3 8 3 = 3 s 3 2 a
11
ar Lo
Docusign Envelope ID: 0BD24721 ~~-~~ 349 ~~D-~~ 4D1 ~~7~~ -AC5 ~~C~~ -C7DE64FFECFC
Tax Report for the Period 06.04.2024 - 05.04.2025 Customer The Dalby Charitable Trust Customer No. 709890 Reference Currency GBP
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|---|---|---|---|---|---|---|---|---|
|Positions|as|at 05.04.2025|
|Ccy|Quantity|Cost|Price|Market|Price|Market Value|Weight|
|Forex|Cost|Forex|Rate|Accruals|
|Cost|Value|Yield|Estimated|
|Income|
|Other|
|Schroder|Diversified|Alternative|GBP|375|105.45|85.69|32,134|4.2%|
|Assets|Fund|
|-IS-|GBP|Distribution|39,545|5.18%|1,665|
|Schroder|Special|Situation|Fd|SICAV|
|BD95R16|
|Total|Alternatives|39,545|32,134|4.2%|
|5.18%|1,665|
|Sterling|
|Investment|Account|GBP|185.26|185|
|Income|
|AC/709890.0020|
|Investment Account|GBP|14,086.85|14,087|1.9%|
|Capital|9|
|AC/709890.0110|4.00%|563|
|Total|Sterling|14,272|1.9%|
|9|
|3.95%|563|
|Total|Cash|14,272|1.9%|
|9|
|3.95%|563|
|Total|Market|Value|759,222|100.0%|
|Total|Accruals|1,324|
|Total|Portfolio|760,546|
|Total|Estimated|Income|18,091|
|Total|Yield|2.38%|
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|
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C)
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