CHARITY COMMISSION FOR ENGLAND AND WALES Trustees. Annual Report for the period From period start date 1st April 2022 to period end date 318t March 2023 Charity name: The Doouss Charitable Trust Charity registration number: 1114447 Objectives and Activities SORP reference Para1.17 Summary of the purposes of the charity as set out in its governing document Purposes of the trust are the relief of poverty, furtherance of Education, the furtherance of religion and any other ur oses which are charitable. The trustees are interested in activities and undertake grants and financial support for the furtherance of education, religion and relief of poverty. The trustees pursue this grant making and financial support provisions policy throu h makin rants to other charities All trustees have considered the guidance from the charity commisslon on public benefit. Summary of the main activities in relation to those purposes for the publi benefit, in particular, the activities, projects or services identified in the accounls. Slatement confirming whether the trustees have had regard to the guidan issued by the Charity Commission on public benefit Para 1.17 and Para 1_18 Additional infomiation {optionall You ma hoose lo include further statements where relevant about= SORP refence The trustees are responsible for the policies, activities and assets of the charity. They meet regularly to review developments with regard to the charity, its grant giving activities and to make any important decisions. This considers all aspects of the grant making and final support to be provided. When necessary the trustees seek advice and support from the charities professional advisers Including solicitors and accountants. The trust has no employees. The management personnel comprised the trustees only. The trustees do not receive remuneration for their role as trustee. The Trustees review the proposals for the grants to be made and other forms of financial support, and approve such rants as a ro riate. Para 1.38 Policy on grant making
None Currently PoliGy on social investment including program related investment Para 1.38 None Currently Contribution made by volunteers Para 1.38 Other None Currently Achievements and Performance SORP referen Durlng the yearthe trustees have made grant of £150,500 to The Grace Trust (£130,500) and Hereford Gospel Trust {£20,000). Summary of the main achievements of the charity, identifying the difference the charity's work has made to the circumstanos of its beneficiaries and any wider benefits to society as a whole. Par8 1.20 Additional information (optional) You ma choose to include further statements where relevant about-. Achievernents against objectives set Para 1.41 Performance of fundraising activities against objectives set Para 1.41
Investment performance against objectives Para 1.41 Other
Financial Review Review of the charity's financial position at the end of the eriod Statement explaining the policy for holding reseNes statin are held Amount of reserves held Reasons for holding zero reserves Details of fund materially in deficit Explanation of any nrtaIntieS about the Charity continuing as a going concem Para 1.21 See accounts Para 1.22 No reserves currently Para 1.22 Para 1.22 Para 1.24 Pao 1.23 Additional Infomiatton {optional) You rna choose to include further statements where relevant about.. Donations and rent on property. The charity's prrncipal sources of funds (including any fundraising) Para 1.47 Charity assets currently are £2,019,241 in commercial property and £1,423,706 In educational propety Investment policy and objectives including any social investment policy adopted Para 1.46 All property fully insured by the trustees and ongoing maintenance program to ensure a good 5tsndard of upkeep. A description of the principal risks facing the charity Ptra 1.46 Other
Structure, Governance and Management Description of charity's trusts.. Type of governing document h2iLer P8ra 1.25 Trust Deed How is the charity constituted? le.g unincorporated Para 1.25 Trust deed dated 10" April 2006. Approved by the charity with 2 trustees Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees Para 1.25 Current trustees themselves have the power to appoint new or additional trustees. Original trustees appointed under the trust deed remain the current trustees. Additional infom)ation (optional) You ma choose to include further statements where relevant about: Policies and prOdureS adopted for the induction and training of trustees Para 1.5 The charity's organisational structure and any wider network wilh which the chartty works Para 1.51 Relationship with any related parties Para 1.51 Other Reference and Administrative details Charit name Other name the chari uses isterod charit number Charity's principal address Doouss Charitable Trust None 1114447 The Orchard Styles Lane Gloucester GL4 OXF
Names of the charity trustees who manage the charity Trustee name Officè lif any) Dales acted if not for whole ear Trustee TNstee Name ot person lor bodyl entitli toa oint trustee if an Trustee's as left Trustee's as left Nicolas B Doouss Benjamin N B Doouss SinGe 2006 Since 2006 Cor orate trustees- names of the directors at the date the re Director name ortwasa roved Name of trustees holding title to property belonging to the charity Trustee namè Dates acted if not for wholt ear
Funds held as custodian trustees on behalf of others Description of the assets None held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charitls objects None Details of arrangements for safe custody and segregation of such assets from the charity's own assets None Additional information {optional} Names and addresses of advisers (Optional inforniation) Type of Name Address adviser Solicitor Stephen Pallister Wiggin Osborne Fullerlove. Solicitors 95 The Promenade, Cheltenham, Gloucestershire GL50 IHH. Kingscott Dix Limited Goodridge Court Goodridge Avenue Gloucester Gloucestershire GL25EN Accountant Mark Spashett Name of chief executive or names of senior staff members (Optional infonnation) Exemptions from disclosure Reason for non4isclosure of ke ersonnel details Other o tional information
Declarations The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity, stses Signature{s) tr Full name{s) Positlon (eg Secretary, Chair, etc} Nicolas Doouss Trustee Date 0810212024
REGISTERED CHARITY NUMBER: 1114447
Report of the Trustees and
Unaudited Financial Statements For The Year Ended 31 March 2023
for
The Doouss Charitable Trust
Kingscott Dix Limited Chartered Accountants Goodridge Court Goodridge Avenue Gloucester Gloucestershire GL2 5EN
The Doouss Charitable Trust
Contents of the Financial Statements For The Year Ended 31 March 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
The Doouss Charitable Trust
Report of the Trustees For The Year Ended 31 March 2023
The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The principal objectives of the trust are toward the relief of poverty, furtherance of Education, the furtherance of religion and any other purposes which are charitable for the community.
Public benefit
The Charity looks to achieve these objectives, whilst demonstrating its charitable purpose for the public benefit by providing grants and financial support in pursuit of the charity's objective.
The trustees consider that they have complied with their duty to have due regard to the public benefit guidance when exercising any powers or duties to which guidance is relevant.
Grantmaking
The trustees are responsible for the policies, activities and assets of the charity. They meet regularly to review developments with regard to the charity, its grant giving activities and to make key decisions. This considers all aspects of the grant making and final support provided.
When necessary, the trustees seek advice and support from the charities professional advisors including solicitors and accountants.
The trustees review the proposals for the grants to be made and other forms of financial support and approve such grants as appropriate.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year the trustees made grants of £150,500 (2022: £353,406) to The Grace Trust £130,500 and Hereford Gospel Trust £20,000.
Investment performance
The charity holds a portfolio of residential, commercial and educational property valued at £3,442,947.
Rental income received on the property portfolio totalled £122,004 for the year ended 31 March 2023.
All property is fully insured by the trustees and an ongoing maintenance program is in place to ensure a good standard of upkeep.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Recruitment and appointment of new trustees
Current trustees themselves have the power to appoint new or additional trustees. Original trustees appointed under the trust deed remain the current trustees.
Key management remuneration
During the year, the charity did not employ or remunerate any staff.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1114447
Page 1
The Doouss Charitable Trust
Report of the Trustees
For The Year Ended 31 March 2023
Principal address
Rose Cottage Sneedhams Green Gloucester GL4 6EG
Trustees
B N B Doouss Esq N B Doouss Esq
Independent Examiner
Mark Spashett Kingscott Dix Limited Chartered Accountants Goodridge Court Goodridge Avenue Gloucester Gloucestershire GL2 5EN
Approved by order of the board of trustees on 6 February 2024 and signed on its behalf by:
N B Doouss Esq - Trustee
Page 2
Independent Examiner's Report to the Trustees of The Doouss Charitable Trust
Independent examiner's report to the trustees of The Doouss Charitable Trust
I report to the charity trustees on my examination of the accounts of The Doouss Charitable Trust (the Trust) for the year ended 31 March 2023.
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 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
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:
-
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; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
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.
Mark Spashett
Kingscott Dix Limited Chartered Accountants Goodridge Court Goodridge Avenue Gloucester Gloucestershire GL2 5EN
7 February 2024
Page 3
The Doouss Charitable Trust
Statement of Financial Activities For The Year Ended 31 March 2023
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Investment income 2 Other income Total EXPENDITURE ON Raising funds 3 Charitable activities General Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31.3.23 Unrestricted fund £ 298,068 122,004 - 420,072 1,069 160,356 161,425 258,647 4,261,246 4,519,893 |
31.3.22 Total funds £ - 122,004 142,632 264,636 1,104 371,273 372,377 (107,741) 4,368,987 4,261,246 |
|---|---|---|
The notes form part of these financial statements
Page 4
The Doouss Charitable Trust
Balance Sheet
31 March 2023
| Notes FIXED ASSETS Investment property 6 CURRENT ASSETS Debtors 7 Cash at bank CREDITORS Amounts falling due within one year 8 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 9 Unrestricted funds TOTAL FUNDS |
31.3.23 Unrestricted fund £ 3,442,947 - 1,084,992 1,084,992 (8,046) 1,076,946 4,519,893 4,519,893 4,519,893 4,519,893 |
31.3.22 Total funds £ 3,442,947 65,616 757,420 823,036 (4,737) 818,299 4,261,246 4,261,246 4,261,246 4,261,246 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 6 February 2024 and were signed on its behalf by:
N B Doouss Esq - Trustee
The notes form part of these financial statements
Page 5
The Doouss Charitable Trust
Notes to the Financial Statements For The Year Ended 31 March 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
No depreciation is provided on tangible fixed assets.
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 6
continued...
The Doouss Charitable Trust
Notes to the Financial Statements - continued For The Year Ended 31 March 2023
2. INVESTMENT INCOME
| Rents received 3. RAISING FUNDS Investment management costs Property repairs |
31.3.23 £ 122,004 31.3.23 £ 1,069 |
31.3.22 £ 122,004 |
|---|---|---|
| 31.3.22 £ 1,104 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
| 5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Investment income Other income Total EXPENDITURE ON Raising funds Charitable activities General Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 122,004 142,632 264,636 1,104 371,273 372,377 (107,741) 4,368,987 4,261,246 |
|---|---|
Page 7
continued...
The Doouss Charitable Trust
Notes to the Financial Statements - continued For The Year Ended 31 March 2023
6. INVESTMENT PROPERTY
| FAIR VALUE At 1 April 2022 and 31 March 2023 NET BOOK VALUE At 31 March 2023 At 31 March 2022 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Taxation and social security 9. MOVEMENT IN FUNDS At 1.4.22 £ Unrestricted funds General fund 4,261,246 TOTAL FUNDS 4,261,246 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 420,072 TOTAL FUNDS 420,072 |
31.3.23 £ - - - 31.3.23 £ 990 7,056 8,046 Net movement in funds £ 258,647 258,647 Resources expended £ (161,425) (161,425) |
£ 3,442,947 3,442,947 3,442,947 31.3.22 £ 5,616 60,000 65,616 31.3.22 £ 1,051 3,686 4,737 At 31.3.23 £ 4,519,893 4,519,893 Movement in funds £ 258,647 258,647 |
|
|---|---|---|---|
Page 8
continued...
The Doouss Charitable Trust
Notes to the Financial Statements - continued For The Year Ended 31 March 2023
9. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund TOTAL FUNDS Comparative net movement in funds, included in the above Unrestricted funds General fund TOTAL FUNDS |
At 1.4.21 £ 4,368,987 4,368,987 are as follows: Incoming resources £ 264,636 264,636 |
Net movement in funds £ (107,741) (107,741) Resources expended £ (372,377) (372,377) |
At 31.3.22 £ 4,261,246 4,261,246 Movement in funds £ (107,741) (107,741) |
|
|---|---|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.4.21 £ 4,368,987 4,368,987 |
Net movement in funds £ 150,906 150,906 |
At 31.3.23 £ 4,519,893 |
|---|---|---|---|
| 4,519,893 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 684,708 | (533,802) | 150,906 |
| TOTAL FUNDS | 684,708 | (533,802) | 150,906 |
Page 9
continued...
The Doouss Charitable Trust
Notes to the Financial Statements - continued For The Year Ended 31 March 2023
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023.
Page 10
The Doouss Charitable Trust
| Detailed Statement of Financial Activities For The Year Ended 31 March 2023 INCOME AND ENDOWMENTS Donations and legacies Gifts Investment income Rents received Other income Gain on sale of tangible fixed assets Total incoming resources EXPENDITURE Investment management costs Property repairs Charitable activities Rates and water Insurance Sundries Grants to institutions Support costs Governance costs Accountancy and legal fees Total resources expended Net income/(expenditure) |
31.3.23 £ 298,068 122,004 - 420,072 1,069 2,860 3,614 2,832 150,500 159,806 550 161,425 258,647 |
31.3.22 £ - 122,004 142,632 264,636 1,104 - - - 353,406 353,406 17,867 372,377 (107,741) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 11
Independent Examiner's Report to the Trustees of The Doouss Charitable Trust
Independent examiner's report to the trustees of The Doouss Charitable Trust
I report to the charity trustees on my examination of the accounts of The Doouss Charitable Trust (the Trust) for the year ended 31 March 2023.
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 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
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:
-
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; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
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.
Mark Spashett
Kingscott Dix Limited Chartered Accountants Goodridge Court Goodridge Avenue Gloucester Gloucestershire GL2 5EN
7 February 2024
Page 3