DUNMOS CHARITABLE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Charity Number 1112046 ROSENTHAL & CO. Chartered Accountants 74 Whitehall Road Gateshead TN'ne & Wear NE8 4ET
DUNMOS CHARITABLE TRUST MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS Trustees B.Dunner N.Dunner D.Fordsham C,harity Number 1112046 Address Derwent House Lakeside Court Fifth Avenue Business Park Team Valley Trading Estate Gateshead NE11 ONL Accountants Rosenthal & Co. Chartered Accountants 74 Whitehall Road Gateshead Tyne & Wear NE8 4ET
DUNMOS CHARITABLE TRUST TRUSTEES IINNUAL REPORT YEAR ENDED 30 JUNE 2024 The trustees present their report and the financial statements of the charity for the year ended 30 June 2024. REFERENCE AND ADMINISTRATIVE DETAILS Reference and administrative details are showi in the schedule of members of the board and professional adi'isers on page l of the financial statcments. THE TRUSTEES The trustees who served the charity during the period were &s follows: Mr B.Dunner Mrs N.Dunner Mr D.Fordsham STRUCTURE, GOVERNANCE AND MANAGEMENT Goi'erning Document The organisation is run by trustees and is governed by a Trust Deed. Appointment, Training and Recruitment of Trnstees The trustees administer the day-to-day affairs of the charity. They are all experienced trustees and act in an honorary capacity. It is not currently the intention of the trustees of the charity to appoint new trnstees. Should the situation change in future. the trustees will apply suitable recruitment and trakning procedures. All trustees give their time voluniarily and no benefit or expenses were paid to them in the year. None of the trustees have any beneficial interest in the charity. Risk Management The trustees have identified and reviewed the major risks to which the charity is exposed, in particular those related to the operations and finance of the charity, and are satisfied that systems are in place to mitigate those risks. Financial risk management and policies The charity holds or issues financial instruments in order to achiei'e three main objectives being: a) to finance its operations. b) to manage its exposure to interest and currency risks arising from operations and from its sources of finance. and c) for generating funds.
DUNMOS CHARITABLE TRUST TRUSTEES ANNUAL REPORT (continued) YEAR ENDED 30 JUNE 2024 In addition various financial instruments (e.g. debtors. creditors: accruals and prepa)qnents) arise directly from the charity's operations. Credit risk The charity monttors cr¢dit risk closely and considers that its current policies of credit risk checks meets its objectives of managing exposure to credit risk. The charit), has no significant concentrations of credit risk. Amounts showTr in the balance sheet best represent the maximum credit risk exposure in the event other parties fail to perfom their obligFations under the financial instruments. It is recognised that systems can only proi'ide reasonable but not absolute assurance that major risks haN'e been ad¢quatel>' managed. Related Party Transactions All related party transactions have been disclosed in the financial statements. OKNECTIVES AND ACTIVITIES Objectives The Trnst is established to fiffther those purposes both in the United Kingdom and abroad recognised as charitable by English Law and in furtherance of the aforementioned objects of the charity applies the income it receives mainly frorn its investment properties to the provision and distribution of grants and donations to Orthodox Jewish Charities. Activities The income of the charity is derived from investments and from donations from the trustees and their associates. The aim is to distribute the income of the charit), to organisations that fall Vi'ithin the objectives of the charity. The trustees continued their support of those organisations deemed to promote the objectives of this charity. The trustees confinn their compliance with the duty to have due regard to the public benefit guidance published by the Charity Commission when reN'iewing the charity s aims and objectives and in planning future activities. ACHIEVEMENTS AND PERFOR1ANcE During the year the charity continued its philanthropic activities and its support of religious educational and other charitable institutions both in the United Kingdom and abroad and aggregate donations were paid in the sum of £144,739 (2023 £146,479). The benefEts that these charities provide include: Financial support to the poor Provision of basic necessities to the poor Relief of sickness and disabilities Jewish education and places of 'orShIp for the Jewish community
DUNMOS CHAIUTABLE TRUST TRUSTEES ANNUAL REPORT (continued) YEAR ENDED 30 JUNE 2024 FINANCIAL REVIEW The charity is reliant on the incorne from its investment properties and on voluntary income. Investment Powers and Policy In accordance with the trust deed, the charity has the power to make any investment which the trustees see fit. The tte¢S regularly review the charity's position and needs in respect of the investment policy. The trustees, having regard to the liquidity of the charity and reserves policy, operate a policy of holdÉng available funds in interest bearing deposit accounts. Grant Making Poliey The Lharity accepts applications for grants from representatives of charities operating all over Engldnd and abroad, which are rei'iewed by the trustees on a regular basis. The trustees consider all requests which they receive and make donations based on the level of funds availabl¢. Reserves Policy It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity.. at a level which the tteeS think appropriate after considering the future commitments of the charity and the likely administrative costs of the charity for the next year. As at 30 Jun¢ 2024 the charity had reserves of £2,186,265 of which the majority is invested for the purpose of generating income. PLANS FOR FUTURE PERIOD The charity plans to continue activities outlined above in the forthcoming years subject to satisfactory incoming resources. Fixed Assets The movements in fixed assets are fully reflected in the notes to the financial statements. Investment Properties The charity's investment properties are included in the Balance Sheet at cost at the balance sheet date. The trustees have extensive experience in the field of propert), inv¢stmenl and valuation accumulated over a considerdble period of time.
DUIYMOS CHARITABLE TRUST TRUSTEES ANNUAL REPORT (Continued) YEAR ENDED 30 JUNE 2024 STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and regulations and United Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounting Practice). The lav* applicable to charities in England and Wales requires th¢ trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements: the trustees are required to: select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP. make judgements and accounting estimates that are reasonable and prudent" prepare the financia] statements on the going concern basis unless it is inappropriate to presume that the charity ,][1 continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements compl) with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. IINDEPENDENT EXAMINER Rosenthal & Co. have been re-appointed as independent examiner for the ensuing year. Bernard Dunner Date: 25 November 2024
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF DUNMOS CHAIUTABLE TRUST FOR THE PERIOD 30 JUNE 2024 I report on the accounts of the trust for the year ended 30 June 2024, which are s¢t out on pages 7 to l O. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The charity's trustees consider that an audit is not required for this year (under seclion 144{2) of the Charities Act 2011 (the 201 l Act), and that an independent examination is needed. It is my responsibility to: examine the accounts (under section 145 of the 201 l Act); to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145{5)(b) of the 2011 Act. and to state whether particular matters have come to my attention. BASIS OF INDEPENDENT EXAMINER'S STATEMENT M). examination w'as carried out in accordance with the General Directions giN:en by the Charitir Commissioners. An examination includes a review, of the accounting records kepi by the charity and a comparison of the accounts presented '1th those records. It also includes consideration of any Unusu items or disclosures in the accounts. and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audiL and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limit¢d to those matters set out in the statement below. INDEPENDENT EXAMINER'S STATEMENT In connection with my examination, no matter has come to my attention: (l) which gives me reasonable cause to believe that, in any material respect. the requirements: a) to keep accounting records in accordance with section 130 of the 201 l Act, and b) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or (2) to which, in my opinion, attention should be drawn in order to enable a proper derstanding of the accounts to be reached. Rosenthal & Co Chartered Accountants 74 Whitehall Road Gateshead Tyne & Wear NE8 4ET Date". 25 November 2024
DUNMOS CHARITABLE TRUST STATEMEI%T OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024 2024 2023 INCOMING RESOURCES Donations & Gifts Rents Receivable Interest Received 149477 285116 1117 99090 269419 TOTAL INCOMING RESOURCES 435710 368509 RESOURCES EXPENDED Direct Charitable Expenditure Donations 144739 146479 Investment Costs Investment Property Expenses 67055 45594 Management and AdmAnlStration Light & Heat Loan Intercst Accountancy Fees 1956 61602 2640 6726 50479 ?400 66198 59605 TOTAL RESOURCES EXPENDED 277992 251678 NET INCOMtNG RESOURCES 157.718 116831 Profit on dlsposal of investments 1277 158995 20687 137518 FUNDS BROUGHT FORWARD 2027270 188975? FUNDS CARIUED FORWARD 2186265 2027270 All activities of. the charity are classed as continuing.
DUNMOS CHARITABLE TRUST BALANCE SHEET AS AT 30 JUNE 2024 2024 2023 Notes FIXED ASSETS Investment Property 2772301 2944008 CL'RRENT ASSETS Debtors Cash at Bank 66264 117430 35515 15778 CREDITORS:Amounts Falling Due Within One Year 183694 51293 31104 35763) NET CURRENT ASSETS 152590 15530 CREDITORS:Amounts Falling Due After imore Than One Year 2924891 2959538 738626 932268) NET ASSETS 2186265 2027270 FUNDS Unrestricted Funds 2186265 2027270 The trust is entitled to exemption from audit for the year ended 30 June 2024. The trustees have not required the trust to obtain an audit of its financial statements for the year ended 30 June 2024. The trustees acknowledge their responsibilities for a) ensuring that the tt keeps accounting records thai complv with the Charities Act 2011 and b) preparing financial statements which give a true and fair vie, of the state of affairs of the charitable trust as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of the Charities Act 2011 relating to financial ststements: so far as applicable to the trust. The financial statements have been prepared in accordance with the special provisions of the Charities Act 2011 relating to small charitable trusts and Viith the Financial Reporting Standard for Smaller Entities (effective January 2008). The accounts on pages 7 to l O were approved by the Board of Trustees and sign¢d on its behalf b).: Bernard Dunner Date: 25 November 2024
DUNMOS CHAIUTABLE TRUST IYOTES TO THE FINANCIAL ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024 I. ACCOUNTING CONVENTION AND POLICIES The accounts have been prepared under the historical cost conNention, and in accordance with applicable accounting standards, including the SORP "Accounting for Charities" ii) Donations and Gifts are accounted for on a receivable b&sis. Expenditure on management and administration of the charity includes all expenditure not directly related to the charitable activities or fundraising actii'ities. 2. TAXATION The trust is a registered charity and accordingly is exempt from taxation on its income and gains where they are applied for charitable purposes. 3. RELATED PARTY TRANSACTIONS None of the trustees were paid any remuneration or expenses by the charity during the current or previous year. 4. INVESTMENT PROPERTY At Cost As at l July 2023 2944008 Disposals during year 171707 th As at 30 June 2024 2772.101
DUNMOS CHARITABLE TRUST NOTES TO THE FINANCIAL ACCOUNTS (continued) FOR THE YEAR ENDED 30 JUNE 2024 2024 2023 5. DEBTORS Rent Receivable 66264 35515 6. CREDITORS:Amounts Falling Due Within One Year Bank Loans Creditors & Accruals 25100 6004 30000 5763 31104 35763 7. CREDITORS:Amounts Falling Due After More Than One Year Bank Loans 738626 932268 -10-