CharFty R•glstratlon No. 1115342 THE NORMAN DAWSON CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
THE NORMAN DAWSON CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustets D J Priesin811 MrsCKBurt P J Tibbe115 E Prieslnall (Appoinled 5 Decernber 2022} (Applynd S Decgmber 20221 Miss K L Wood Clwk to the tru$l•e$ Miss R Summers Charlty number 1115342 Prlnclpal addr••$ Adam House Birmingham Road Kiddemirtslef WorCesrShlre DY102SH Independent examingr Sandra Garringlon F C.A, F.C.C.A. C.f.A. Finch House 28 - 30 WolvrhainplOli %lreet Oudley Wesl MIO1afids DY1 IOB Bankers Naiwesl 24 High Slieei Kldoefm1nster Worceslershire DY10 2DL Sollcitor¥ mlg Soli¢ilors LLP Adam House Birmingham RoaJ Klddernlnster Wcrfceslershif8 DY10 2SH Inv•$tm•nt advlsors CCLA Investment Managemenl Lid 80 Cheapside London EC2V 60Z
THE NORMAN DAWSON CHARITABLE TRUST CONTENTS Pag• Trust••s' report Ind•pgndfjnl •xamlnefs report Stalemgnl oi f4101 acllvifres Balance sheat Nol•J lo Iha fln•ndo181•16m•nls 7.14
THE NORMAN DAWSON CHARITABLE TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 30 JUNE 2023
The truslees pr85nt their annu81 repjrt and linandal slalements Iw ihe year ended 30 June 2023.
Th8 legal and gdminlslraliv information lorms part of Ihis r•port.
The financial slatemen15 have been prepared in accordance with Ihe accounting polici65 sel out in note 1 to the
rinanclal sialem8niS and comply wilh Ihe charitable Irusl's goveming document, the Charities Act 2011 and
"Accounling and Reporting by Charilies.. Stal¢menl ol Recommended Pracli¢8 8ppli¢able lo charities preparing
Ihgir accoun15 in accordance wilh the Financial Reportlng Standard applicable in the UK and Republic ol Ireland
IFRS 1021. leffedive 1 January 20191.
Oblottlv•s #nd actl¥lll•s
The Obcl5 ol the charllable Irusl (after payment ol expen58s ol adminislrnllonl are apply the Income ol Ihe
chafilable Ifusi lund and Buch parts ol the capital ol Ihe Irusi lund as Ihe truslees think fit lor Ihe lollowing
purposes..
lor or Iow8rds such eharllablè purposes wllhin Ihe Ancient Parlsh ol Churchill and Blak¢down as th&
Iruslees IhinK fil..
subjèct ther810 lor such olher ¢h8rilable purposes 88 Ihe truslo86 think fil.
The Iruslees confirm that they have oiven caralul consideration 10 the duly in section 17151 of Ihe Charities Acl
2011 10 l)ave due fegaid 10 Ihe Ch8rily Commissitsn s general guidance on piibliG benelil when ieviewing the
Tru51'8 aims Kind obioc11Ve4 tind in plcinning luiiife. aclivilips <ll)d selling the gr
THE NORMAN DAWSON CHARITABLE TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 R•$•bV•S poII¢y The endowmenl lunds al 30 June 2023 re £2,665.513 and Iha inc¢Th8 funds al 30 Jun• 2023 were £88.8 which relales to design8te¢J funds Sel up lor 8k)eciflc purpo$e$. 80th the income and capital ol the fvnds caft b& spent as the Trusteos see fit. During th• year Iranslers of £68,267 were mode Irom th& •ndowmenl tsxpendthe lunds Io the unre8lrlcl funds respecllvtrly. The Tllee$ aim lo make grants up the Ie1 ol n81 incomin9 reso%Jrc&s Ibelor• on thve8tmentsl #) gath ygar and lo Ihe exleni that thls 18 insUffiCnI. tho Trustees will consider allocfttlng 8ndowm•nl frjnds 85 they conslder approprfale. Inv•tm•M pollcy rhe tru811•8' inveslmenl pollcy 18 lo malntain cApltal grh and Inc and lo tnv•s1 èi low k) modivm risk. Th6 inv8$lm8nt8 Jre m8na98d by an Inv•8lmenl company. Tho valuo ol Investm•nl awls of th• Iru$i al 30 June 2023 8mounl•d to £2.704.794. Rl•k M4n4g•m•nt tru$le•g have •8J•¥sed Ihe mèlor d8k8 to whkh th• ch8dl•bl• Iw811s •XFos•d, and orn tISfied th41 8yBt•ms ar• in pla¢e lo mlugate &xposure lo tha melcy rfsks. Fulur• pl•n• Whllsl th8 Irusiees very much Inlend lo contlnue as Ihey hv• b•for•. thtry arè hon9 to conlinv& wilh the granl In lavour ol Churchlll Forgo which wrll see th81 so¢ured •s a Herltag& sile lor tha arga. They 8150 Intend lo ttxpand the bursary 9ranls partiujlarfy IhroLt9h In¢re8$1r publlclly whlch Indudes looklng at Ihe p0531blllty of having reler8nc8 lo Ihe charfty on Ihe vlllage websit8. local 8chools and chufch. Tho Trusle•s have also $81 up Hlp In Hand Gronl for lh& r8slden15 01 ChLtrchill and Blak•do¥n. Slructurn, gov•rnan¢• Ind m•n•g•m•nt The chjrilabltr Iru81 Is an unln¢orpornt•d trust, c4n8titut•d under 8 tru81 de&d d818d 9 Decembei 2005 8S mgnd6d 3 July 2006 and a Schgme of Iho Ci¥i)m14Ston8r5 doled 19 Decembtrr 2C4J8. The charliable trust was regi$lèr8d on 14 July 2006 wilh the Charity Commi88ionor$, nurnbor 1115342. The tru$1 lurd was 08t*1$hed under th• wll ol Ihelgle Mr Norman Lawr•ncg Dawson who died on 21 October 2003. Under and by vlrty& of Ihe Wlll, the t•8lalor gav8 thè resldue of hls es¢ate upon Irusl lo •stabli$h and endow fj willnuing tharltsblè Iru81. The tnJ8t•g$ are r•sponslbl• lor th• admlnl8lratlon ol the charllab19 Iru81. The tlY Oltrlet$ should wnsl81 ol fiv• p•r¥on$ Gomprf$lno'. Three p•r¥on• who al Ihg date of Iheir apwSntm&nt reside N) Ihg Andenl P8rtsh ol Churthlll and 818kedrhVn,' Two othèr p8r80ng wh•rover residont. In the fjvent of a vacèry the r•m4ining Irusieos hav• Ihe pow&r ol appointm&nl to fill Such a vacan¢y.
THE NORMAN DAWSON CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 All Iruslees ar& provided with the lol¢owin9'. History and background inlormation. A copy ol Iho Injsl deed. The Iruslees meet èvery quarter wilh lurthgr ad hoc m¢eling8 as required. Al Iht Iwslees, meetlngs. Ihe trustees agree the broad strategy and areas ol activity for the charitable trust, Including consideration ol grant mgking, investment, feseryes and risk management policies and perfofmanca. The day lo day adminlslfallon ol granls and Ihe process and handling ol applicallons prior lo conslder8tion 18 delegated lo thg Clerk lo the Trustees. D J Prieslnall Mrs C K Burl M W Edwards P J Tibbetts E Prsèslnall Miss K L Wood (Resigned 5 De¢ernber 20221 (Appolnled 5 December 20221 (Appoinled 5 December 20221 Asset covgr lor flind$ Noie 16 sels oiil an tinEI1y51s ol Ihe c15sels aiiribuléil)le lo Ilie various funds cind description ol Ihe5¢ lund5. Thes¢ as5els are su111Gienl 10 meet Ihe ch&irily s oblig¢ilions on ¢1 ILind by lijiirl basis The Iruglee5' repori was appiovod by lh8 Board ol Trusle84. (J i ~.W-.- D J Pr1•51nall Trustee Dated..
THE NORMAN DAWSON CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE NORMAN DAWSON CHARITABLE TRUST I report to th& Irusiees on my examinallon ol the financial slaiemeni$ ol The Ntyman Dawson Charilable Ithe challabte Irusll for Ih6 year •nd8¢J 30 June 2023, whrth ale $el out on pag¢s 5 10 14. R•8ponJlbllltl•8 and bJsl$ ol raport As the trusles of Ihe chaftiable Irusl you are respon$iblg lor the prepgraiton of Iht Iln#ndo1 slaltrnienl$ In a¢cordanc• wilh the requlrernanls ol lh& Charllils Acl 2011 Ith• 2011 Acll. I report in respect of my •xamlnalion ol the charitable Injsl's fJnnclal s1ol&ments oul under section 145 of th8 2011 Acl. In cèrrying out my examinolion I have lollowed all Ihe applleable Diractions givon by the Charlty Commission under section 14515Kbl ol Iht 2011 Ad. Ind•pend•nt examlnort8 gtat•m•nl I have complel$d my examination. I confim th81 no fflalerigl mallern havg comè lo my atttrntion in conn•cfknn wlth Ihe examlnallon givlng rne cau5• lo belleve Ihal in any malerfal r88pe¢l'. accounling r¢¢ord8 w•r• not kapl In re8PgCt ol Ihe chadtabl• tnJsl 8$ r8quth by 8ecllon 130 01 th• 2011 Acl-. or the finon¢lal $lalemfynis do not accord wllh Ihoso records.. Of Ihg finandal stalgmenis do not comply with the applicable requireTrgnts ncernIng Ihe fomi and cont•ni ol accounts sel out In Ihe ChBrllie$ (Accounls Bnd R•portsl Regulation8 2008 othér than any reqUIr•nnI Ihal Iho ac¢ounl3 9iV8 a truo and lalr vt•w whlch Is nol a matter ¢onsid•r8(J as part ol an indopgnd•nl examinalion. I ha rKJ conc&mg ond have come across no olhw fflgtter8 in Mnn8cllon w+lh Ihg •x8mlnatlon ¢0 whl¢h •tteniion ¥tsauld bo drawn In Ihis feport In order lo •nabl• a propfjr und&rst•ndlng of lh• flnMdol Jtst•m•nls to be leached. Sandrn GJryington F.C.A. F.C.C.A.. C.T.A. Prtce P•anon Flnch House 28- 30 Wolverhampton Sir Dudlay Wesl Mldl8ThJJ OY1 ID8
THE NORMAN DAWSON CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2023 Unreslrfcted Unrestrl¢ted Endowment funds funds fund$ gener#1 de51gnated Total 2023 Total 2022 Not•s Incom8 and *ndowmenl$ from: Investments Other income 44,117 44.048 40.501 44.117 44,117 84,549 Totsl Incomo and endowments 44,117 dl urè Choritsble acti1485 Tot81 T•SaU¢C•S ¢xpgnded 112.584 65.887 112.384 112,584 65,887 112,384 200 Nei galns I1105gesl on inve51m8nls 80.210 80.210 1116.8461 Net IoLblgoingllincomlng resouwcos befofQ Iransfers 168.2671 12nni 8Q,210 11.743 198,1841 168.2671 Gross Ira1151ois belv4een lisii(Is G8,267 Nei movement in lunds 12QOI 198.1841 Fee pald In rèspect ol Ihe Esiale ol Nofman Dawson 2.742.570 2,840,754 Fund balan¢es 811 July 2022 89,000 2,653,570 2.754.313 2,742.570 Fund bAlanc•s a¢ 30 Jun• 2023 88,800 2,685,513 Tho sMent ol finanriol acllvllies indudeB a119ains and losses recognised In the year. All Incryne and expendllurg derlve Irlun conlinuing actlvilies.
THE NORMAN DAWSON CHARITABLE TRUST BALANCE SHEET ASAT30JUNE 2023 2023 Not•s 2022 Flx•d ••$•ts Inveslmenls Curr•nl a$8•ts Dèbiors Cash al bank ènd in hand 10 2.704,794 2.624,584 12 621 58.396 445 151.354 Cr•dltorn: amounts ialllng du• wllhln on• y•ir 59.017 13 151.799 19.498) Néi cuffenl 4888ts {33,8131 49.619 Total •8••ts l••• ¢urr•nt Il•bllltl•• 117,986 2,754.313 2,742,570 C•pFtal funds Ggneral •ndowm•nl fttndl 14 2.885,513 2.653.570 Incom• fund• Vnrostrf¢ted fijnds . deslpnalttd 2.085.513 2,853,570 15 89,000 2,7S4,313 2.742,570 Th• a¢unIS were approv8d by the TruJt•98 On .,....,.................. O J Prt•$tsw Tru•t•• P J Trbbettl
THE NORMAN DAWSON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Accountlng poll¢loS Charity Inlormallon The Norman Dawson Charitable Trust is constituted a$ a Charltable Tfusl under 8 TruSI Deed daied 9 December 2005. as amended 3 July 2008 and a schgme of the commission8is dated 19 Docember 2008. 1.1 Accountlng conv•ntlon The Iinancial sl8lements have been prepara£1 in accordance wllh Ihe ¢harilable trust's doed. lh8 Charlligs Act 2011 and 'Acwunling and Reporting by Charities.. sial¢rnenl ol Reromm¢nded Praclicg applirable lo ¢Marflies Preparing their accounls in a¢cordance wllh thè Financial Reportin9 Standard applicable in the UK and Republlc ol Ireland IFRS 1021" las am8nded for accounting perK)ds commencing Irorn 1 January 20191. The Charitable tfusl Is a Publlc 8en8nl Entity as defined by FRS 102. The rharilable ITusi has 18ken adYania9e ol Ihe prrjvlsions In the SORP for ch8rille$ applying FRS 102 Updale Bullelin 1 not lo Pfepare a Slatemeni ol Cash Flows. The llnanelal $18iemenls have departed Irtsrn the Charilles (Accounis and Reports) Regu181ions 2008 only lo Ihe èxienl required lo provlde a IfU¢ 8nd laif view. Thls deparlure has Involved Iullowing Ihe Stalemeni ol Recommanded Praclice for ¢harilies applying FRS 102 ralher Ihan Ihe version ol Ihe Slalemenl ol Recommended Practlce whlch is referred lo In Ihe Regulations bul whi¢h has Since been wllhdrawn Tho Iinancial 31aiomenlS Ire prepared In slerlinci. wliiLlI IS 11)e lunr.lional currency ol Ihe choriiable Iru$l. IA011eiary amouiils In Ihese financial sioiemeiils ¢lre rounded lo Ilie ne4?res1 £ The ac¢ounlS have been preparod uiider Ilie l)Isloiicèi Losl ionvei)11051 11)odilie.El lo tnclude Ihe revaluation of r1x$d assels èl 18ir value The i)rinr1pal accoiinling polic1es adopted are sel otsl Iielow 1.2 Golng concern Al Ihe lime ol approving the financial slaièments, Ihe Irusièes have a reasonable expecl8110n Ihai the charilable Ifust has adequate f¢soufce5 to coniinue in opefalional existenc¢ lor Ihe foreseeable lulure. Thus Ihe Iru51ees ntinu0 10 B¢Jopt the wng concern basis ol accounllng in prepaflng Ihe financiBI statements. 1.3 Charlt•bl• funds Unrasirlcied funds ar¢ available Iof use al Ihe dlscrelion ol Ihe ITu$lee$ in lurlher8nce ol Iheir charitable Obl.11veS. The charlly h85 an expendable endovjmgnl fund. Income ¢an b8 accumulaled and the Iruslees have the power lo spend bolh Ihe Income and c8pi181 as Ihey see fil lor Ihe charil8bl¢ purpos¢5. Any ¢apital 9alns or losses arislng on the Investmgn¢s lom part ol the lund. DestrJnaled funds compns8 funds which have been $ei a51do al Ihe dIrelIon of Iho Ifuslees lor specific purposes. The purposos and uses ol Ihe designated lunds are sel Out in Ihe noies lo th¢ accounts. 1.4 Incom• Incomè is recognlsad when the charitable Irusl 1$ legally ènlilled lo it aner performance ¢ondilions have baen met, the amounts c8n be measured rellably. and il 15 probable Ihal income wlll be received. UK Dividends. inlafesl and disiribulions on inv8slmenlS are credited to ihe ac¢ouniS al Ihe lime payment is due. Investmént income from COIF Is received and recorded net ol management lees In accordars¢e wlth Ihe normal proclice ol invgstmgnl mana9ers. Legacie5 are rgcognised as income when il is probable thBI li will be received. The Income Irom endowmént funds is unresthcted in n8bJro.
THE NORMAN DAWSON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 A¢counllng pollclvo 1.5 Expondlturo Expenditure is fècogni5ed once there ¢9 a legal or consirucliv• obligauon ts mAk9 a paymeni lo a third party. il l¥ probablè th81 sett19meni wlll tse requlred and the amoLtnt ol th• obllg8tlon cen be me48vred reliably. All exponditure Is accounted ltsr on an accwals basi$ and inciudos ifr&coverèbl& VAT, IContInu) Expvndiluro lor chorilable B¢lwllio5 tndud¢s oranis py#blo lo Ihlrd partlos In Ihe furth&rnnc• ol Iho conlable objeciiv95 of the ¢haritobl8 Iru$i The ?xp8ndilure 8150 includes Dverhead C0$15 and support ¢0116 whlch omkffise coat8 lor procos9in9 9rants and appllcaiions. 1098lh8r with g0M8C• co815. GoveM8nce ttJ$is ¢omprl$8 COSIS Involved In th• wbllc a¢count&blllty of thè charity and lty eornpllance wSlh regulalion and good PracC. Tha direct c05101 a¢counlancy and Ihe indep•ndenl exDminalion logeiher wilh 20% 01 Iho clork 5 1005 have been chargod 10 9ovomance co$ls. 1.0 Flx•d ••vt Inwstm•nt• Flxed asset Invèslm8nts af• intUaNy meaaured al transacllon •xcludln9 lrnn88CtkJn colts. 8nd are subseouenlly measured ai lalr val¢Ja 81 each reporfing dale, Chan9•6 in fail valuè ar• re¢cgnised In n•t Incomel(exppi)dilvrel for 11)e yeaf. fr8nsaclion 18 arè tsxpnse¢l as Incutred. All 9oii¥ an¢J Of• taken lo the Sièl•rry4nl ol fin8n&•l 8dlviti85 8$ they artle. Re8li$èd gain¥ and k>s888 i)n inv•8lm8nis are calculaled 81 Ihè ¢erents b8tWgen sa198 proc•8¢$ and Ih•lr Calrj value. Unrealised gains and Josses ar• calculaied as the dIffer• b•Wn lh• f•ir valu• 81 the year •nd end Iheir c•rrying valuè. R•ali8•d and unreall8ed InStmant g•ths •nd 108M8 are combined N) th• $la¢em•nl ol fincIl aclivliigs. 1.7 C••h •nd cash 4qulv•l•nts Cash and Cash gqutV81gnt$ includ• ojh In hand, d•pogi18 hgtd al c811 wilh banks. olhef shtsrt-t•rm Ilquid Inv8$lment8 wilh or¥n81 maturili88 ol Ihrè• month8 1988. and bank overdraft8. 8•nk overdr4ft8 Bro shown Willan tt•nI IlabllilleB. l.e Flnanelal In•trum•nt• Tha ¢hartlablè tru ha8 •¢¢¢d to apply Ihe provisth$ of Sec11 11 'BaGic Financial In8lruments' and Sèclion 12'0ttwr Fln•ft In$lfuM•ft Issues, of FRS 10210 •ll ol 11$ finanoèl inslrumenls. Flmnctal instrumts arg o¢ognwd In Ihe charitable Iru$l's bolBnce sheet vthen Ihg chgniable IN$1 becom paity to Ih• contractual provlslon5 of th• inslrumtnt. Financial assets and 119lI11es 8re offs•i, wilh Ihe nèi amounts pre$¥nigd In Ihe financial slaiemenls. when ltrw81s a legally 8nfo(ceable right lo sei off tho f¥L'Dgni¥ed amcunls ynd there 15 an inlenlion 10 5ellle Dn a n1 basls or to reali3e Ihe 8gsol and ¥Qllle tho Ilabilily slmullan¢ou51y. 8•sle nn•neki •ssoi 8asi¢ finantyal Bs5el$. which Ild& debtors and rash and bank balancDs. arc iniliolly measur¥d ai transalOn prSce induding Ir8nsa¢lion Costs and are subsequ8nUy ¢am8d ai arnortl¥60 ¢osl using Ihg effectSve Interest meihtsj unlèss the arr8ngemenl consltlules a financing Iransaciion. whero thfr 1rans8cl1 1$ meèsur8d ai Iha pre$gnl valu8 ol Ihts luiure receipis dEgcounied ai a markgi rai8 ol Inieresl. Finandal assets ¢la5sified a$ feGeivablo williin one year are noi amtsrfi$ad. D•r•¢ognlUon of Iln•nclal a$s•ts Financ1 asseis ar• derecognised (lY when Ihe coniracluai rlghls 10 Ihe cash Ilows from Ihe a8$ or are $eltJed, or wthen the charilaWe Irusl Ir8n$fe¥¥ Ihe financial a58el and sybslanlially all tho nsk5 anij rowards ol ownership lo another entily. or il some 519nificanl iisks and WardS of ownership ale rgiained but conirof ol Ihe asset has Iransleryed lo afthe1 party that is able Io $811 Ihe asget In rls eniirety to an unrelated Ihird party.
THE NORMAN DAWSON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 IContinu•dl Accounting pollcles 8aslc Ilnancial liabilltigs 8a$ic fin8nclal liabllilles. including Credir3 are Initially f¢CQ9ni$8d at Iransa¢lion price unless th8 arr8ngemeni consiltules a financing Iransaclion. where the debt instrumanl Is measured at Ihe presenl value ol Ihe ILblure payménls di5counled al a markel rate ol inleresl. Financi81 li8bilities das5ified as p8yable wilhln one year are not amortised. Debl instruments are subsequgnlly coTrl•d ai amorti8ed cosl, it51ng Ihe effgcllve InieTe$i rale melnod. Trnde credllors 8re obllg8tlon8 Io pgy lor goc$ or s•Thl¢ey that hAvtr been acquired in Ihe ordlnary course of oporations Irom suppllers. Amounts payabio are classifigd as cu¢renl Ilebillties il p8ymènl is due within one yeBr or lass. 11 nol. they are presented as non-cvrrent liabllilies. Trade CTedilors are T@cognisad inilially al Iransaclion prlce and subsequenlly m885ured al amortlsed cost ing Ihe •ff8cllve inter¢sL rnelhod. Derocognllion of ftnanclal Ilabiiiil•s Financial liabilities afe derecognised when lh8 charitable trusl'5 coniraclual obligations expire or are dlscharged or cancolled. Invèstm•nt$ 2023 2022 44.028 89 44,035 Income from Invesimenl Inieresl receivable 44,117 44.048
THE NORMAN DAWSON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 Olhw Income 2023 2022 Nel galn on dlsposal ol Invesim8ni 40,$01 The sale ol thg US shares were notified Io th8 IRS whereby rA>Trplianc• wilh lh8 Amèrfcan t&¥ ring requlremenls Is bolng deali with. AS a rtssult, there may have begn some US tax pay8ble bul th18 4>)ufd not be quanllfl•d al th& data of Signing. No tax was ch8rg•d In 2023. Charllabl• adlvlll•• Unr••lrl¢t•dUnrn•trl¢t•d lund• fund• g•n•ral d•ilgnat•d 2023 2023 2023 2022 Grlnl ful1n4 ol aciivltJ••18•9 no¢a Sl 90.448 200 Sh8r8 01 Support COS1 {ie• n 81 ShJr• ofqov4in•rfj ttlIe* not• 61 90,848 50.101 13,530 8,406 13.530 8.400 .775 7,011 112.384 200 112.584 Analyill by lurld Unrestricted fund8- g•n•r•l Unrestricl•d luThl8- dgslgnAt•d 85.887 112,384 112,384 200 65.887 112,384 112,$84 65,887 ¢harity und&rtook no diroct charitable acllvlll88 bul aw•rded grants lo a number of inslllutsns and Indovtduals In furth•ran ¢f it8 thariiable acllville8. 10
THE NORMAN DAWSON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 Grants payabl¢ 2023 2022 Grants lo institution$19 granlsl.. 818kedown Re¢realion Room 818kèdown C ol E Primary school Blakedown Brownies Blakedown Rainbow6 Macmllllan Cancer Support Royal Nalional Lileboai Insliiulion Royal 8riiish Legion VSMT Blakedown Guides Cilizens Advice Wyfe Foreg1 Chapter Living Solutions 46,680 178 25,000 500 sc4) 5,500 5,500 5,500 5,000 6,TrJO 8,000 6,000 1,000 15,000 5,240 86.098 47.500 Gran1$ 10 IndividLial%13 gri£ nltsl,. 2,601 Ollier 90,648 50,101 Support cosls Support Govèrrtance Costs cos13 2023 2022 8asls ol allocailon 15,407 1,144 60 3,880 9,555 rim¥ spent 97$ Aclual 156 Aclual 3,700 Governance 1,4W GoveinAn¢e Govfjmance Clerks lee$ Insurance Pank chafges Accountancy Independonl èxamlnalion Sundry expenses 12.326 1.144 60 3,081 3,880 1.400 45 45 13,530 8.4( 21,936 15.786 TfUStUg No Irusiees IOT any P8fSOnS connected Wlth them) received any reffluneralion or benefils during lh¥ year and no Injstees were 1MbUrsel1 any expenses. 11
THE NORMAN DAWSON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 Employe There ww8 no employ•85 dun9 th& y•ar. N•1 g•ln•l{loss••l on InvMtm•ni• 2023 2022 Revalualkn) ol Invgslments 80,210 1116.8461 f O Flx•d ••¥•t Inv•itm•nt US COIF Incom•COIF Prop•ty COIF Ac¢'n Fund Unlt• Total Mark•l valufj 41 l Jufy 2022 Chang• In vJlu• In Ih• y•ar 116,457 1.292,212 40.431 133,140 127.4441 1.082.T75 67.223 2.624,564 80.210 Mark•t v•lu• •l 30 Jun• 2023 116.457 1,332,643 105,696 1.149,998 2.704,794 Hl•torl¢al co•t'. AI 30 June 2023 103,486 694,370 100,000 485,742 AI 30 Jtsne 2022 1,383,598 103.486 694,370 100.000 48S,742 1,383,598 Tho valLration of th• US $har•s was not re4dlly availalJl• al 30 Jun8 2023, Iherefor• th• latasl valuauons h•ve been used. 11 Flnn¢l•l In•trum•nts 2023 C•nylng amount ol Iln•ncl•l •s••t• Debt insirumenls measured 81 amortised cost Eqi*ty instrumenls mfj8sured al fair value 2022 621 2.704,794 445 2,624,584 Carrylng amount ol IFnanclal Ilabllltle measu¢) ¥t amorh.sed co$1 12 O•blors 9.498 33.813 Amounts f•lllng du• wlthln on• y•ar'. 2023 2022 ppaYMentS and ac¢rutd income 621 445 12
THE NORMAN DAWSON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 13 Credltors- amount$ fallln9 duo wlthln on• year 2023 2022 9.498 33.813 Ac¢rua15 and delorred income 14 Endowm•nt fund$ Th• charlly has an expen<labl• endovrneni lund. Income and ¢aplial can b8 used In accordancè with Ihe obitrcts of the ch8rllabl& Irust. Movem•nt In lunds 8alan¢é at 1 Incomlng Resour¢•s Transl•rs Rev•lu•tlons Balanco at 30 July 2022 resourefrs exp•nd¢d gJln$ arhd Jun• 2023 80,210 2,e65.513 2.653.570 68.2671 168,2671 80.210 2,665,513 15 Dosignated funds Ihe Incoine liinds of 11)e charily w)clude Ihe following Ll85ignaied luriLJs wliiLlI liave been 581 aside oul ol unrestricted funds by the Iiusleos lor specific purposes. Mov$m?nt in funds Incomlng Exp8ndltUf• Balance at 30 June 2023 Balancg at I July 2022 20.000 49.000 20,01)0 20,000 49,000 19,8QO 8ursaries Churchill Forge Har(l$hip Fund 12001 89.000 12001 88,800 8ursafleS- this has bgen set up lo pay bursaries to local applicants. Churchill Forge - Ihis has been set up 10 SUPPOrt Ihts work beiTrJ carried oui at iho fofge. Hardship Fund. this has baen set up as a resuli ol Covid 19 10 a5$isI Iho?e in nee¢J. 13-
THE NORMAN DAWSON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 16 Analysli of n•t aB$•t$ bgtw••n funds Unrestrlcted O•¥lgn•t•d Endowm•nt Funds Funds Funds Total Fund balanc&8 ai 30 Jun• 2023 are r¥prosentad by.. Inveslrn•nls Currenl 8ssèlsl{Ilabilillesl 2,704.794 139.2811 88,800 2,704,794 49,519 88.800 2,665,513 2.754,313 17 Control The ¢haAtable illt conlfolled by tha truste•8. 14
THE NORMAN DAWSON CHARITABLE TRUST BALANCE SHEET ASAT30JUNE2023 2023 Not•• 2022 Flxed •8s•ts Invèslmen15 Curr•nt a8s•t• Debior8 Cash 81 bank and in hand 2,704,794 2,624.584 58,396 445 151.354 Cr•dltor8'. amounls falllng du• wlthln on• yur 59.017 151,799 9,498) Nel cury•nl a¥s•i$ 133,813) 49.519 Tol•l a*••l¥ l•is curr•nt Il•bllltl•• 117,988 2,7S4.313 2,742,570 Capltal lunds General tndowm•fti ftmd8 2.865,513 2,653,570 In¢om• lund• UrTrrnslrthd Iimd8. deslgnal•d 2,865,513 2,653.570 88.800 89.000 2.754,313 2,742.570 Th• ac¢ovnts w•re •pprov•d by the Truslees on ......................... O J Prieiin•ll p J ribb•ltJ Trust••
THE NORMAN DAWSON CHARITABLE TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 30 JUNE 2023 The trusree8 pres•nt Iheir annual reFQrt and finanaal slat•ments for the y&ar enL1ed 30 June 2023. The legal and admlnl4lrnllve infomallon lorms part of this repon. rhe finantAal $18lemenl$ have been prepared in a¢COfdan¢8 wilh Ihe ac¢ounkn'ng poli9 ¥•t out In not• 110 th• rinancial slaiem8n15 an(J cornply wilh the charitsble Iru51'9 9oveming docum8nl. the Charf118s Aci 2011 and 'Ac¢ouniing and R&portlng by Chariligs,. Stalemenl ol Recornmend8d Pracllc8 appllcable lo ¢hailti8s preparing thair accounts In accordance wilh the Financlal Roporting Stgndartt applbIg In lh8 UK and Republlc ol Ireland IFRS 1021. leffedve 1 January 20191. ObJ•ctlvK ind aciivltl•¥ The objects ol th• chèrllable twst laft•r poymènl of expenses of admlnistralronl ara lo apF4y th• Income DI tho charitable Imsl lun¢J and su¢h parts ol th8 Capit ol trusi fijnd a8 the trustees think 111 lor the lollo4wng purpos•8'. lor or lowards such charftablg purpo8 vAlhin thg Anchnl ParfAh of Churchill •nd Blakedown 4$ th• tru$leo$ thlnk 111,. iubJ'8cI Iheiolo for Such othor chartlable purposes a8 Ihe InJ81•èB Ihlnk fil. Th¥ Irts81g•s confrm that they have glv•n c¥r•ful consld8r8iion lo ihe duty kn Seclbn 17($1 of Ihe Charlle$ A¢t 2011 lo have due regard lo the Charlty Commisslon's g&neral guldance on publlc beneltl when revieln9 Ihe Tru31'8 alms •n(J objecliv8$ and in planning Iuiuits aciivllias and llIng Ih? 9rnnt makino polty lor Ihe y•ar. Gr•ni m•klng poIIcy Th• trusleos Invlle 8ppllc8llons for financlal asstslanco for ¢hMthbl• purposes thin the ffj¢f•nl Partsh of Churchlll and Blakedown. Appll¢anl$ mu81 corn1e a standard forni and all *p1¢allonS •r• Ihen ¢cfisld•r•d for approval as èpproprial• al meeiiNJs by Ihg IT(1910•9. The InJsl•65 from lirn• Io lim• wlll con8ld•i Ihts p0sbIlItY of makirvd granls lo outskle bodl•8. Th•r• hav• b••n m•ior th4nges In alm• or organl$•ttons dull th8 y•ar. An analys1$ of Ihfj organistllons to which grants werg rnjde 18 shown In nol• S Io Ihe #ccounls. Thè Injsiees have launcknod o burs•rf8s proled wllh a Wew to 85slslln9 young people wSlh 5ptrdal abllllles lo be ablo lo develop Ihose further. A markeiing campaign has be&n pul In place thIn Ihe Aftcleni Parish88, with flyers havlng bean circvl8ted lo org8ni8ailons. schools and Indlvldual$ to encourage Yn931&r5 to lake advantag8 01 Ihe lundlng mad• available by ihe Iruslees. Achl•v•m•nts and p•rformanco The Iruslee$ ¢oniinu• lo seek out charitable objèclive$ and projects wilhln An¢lenl Pgrlshes lo whl¢h thoy can provide grants. 11 has been another suc¢essfvI year lor the Iruslees durin9 whlch they have been able lo make subsianlial grants for th8 benefit of Churchill and Blakedown. This includes b•neftlin9 81•kfjdown Sports and ReGr•alion Céntr• and Cltlzéfts Advk• Wyrg Fotssl. Flnanclal revl•w Th8 total incoming resources and resources &xpend•(I for the year ar¢ shovm in th• Statement of Financial Activities on page 5. The lolal in¢omin9 resovrces amounted lo £44.117 and ILKlher delarls be lound in note 28nd3. Th• lolal fysour¢es expended amount to £112.384 and fiher dglails can b• loun¢J in note 4 and S.
THE NORMAN DAWSON CHARITABLE TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 R¢sop4•s poIIcy Thè endowment lund$ at 30 June 2023 were £2.665.513 and Ihe income lunds al 30 June 2023 were £88,8 which relates lo designated lunds sel up lor specific purposes, 8olh the income and capital ol Ihe funds can be Spent as the Trustees see fit. During the year tran51grs 01 £68,267 wefe ma¢Je Irom the endowmenl expendable funds lo Ihe unreslrioled fur5 re5peclively. Tho Twslees 8im 10 make granls up lo Ihè level ol net incomlng resourc#s Ir)elore gains on invgstmenlsl in ga year and lo Ihe ¢xlenl Ih8t Ihls is in5ulficient, Ihe Trvstees will consider allocating endowment funds as ihey considw appropriale. Inv¢stmgnl poll¢y The ITU$tee5' invesimeni pollcy Is lo mainlaln capital growth and income ènd invesl al low lo m•diuffl risk. The inv851menl$ aro managed by an inv8slmeni company. Th8 Valu? ol inveslmenl assets ol thè Irusl al 30 June 2023 amunled to £2,704,794. Rlsk Managoment The Ifustees have assessed the major risks lo which Ihe chariiablè Irusl is exposed. and are satisfied Ihal syslenis Jr¢ In pl¢ice 10 miligale exposufe lo Ilie major fisks. Fulure plans Wlilsl Ilie Irusiees very niuLli Iiiieiid lu conliiiue as Ihey hdve belnic Iliesl 819 IIopiii9 In conlinue wilh Ihc grant In IdVOUf of Churchill Forge which will See th81 secured as a Herilage 511e IL)r Ilie alL)1( Tliey also Inieiid I expand 11)e L)ursary grLinlts parli¢iilarly Ihiough incrÈasing pul)IiLily wh¢ch iiiclodes looking al Ihe possibilily ol having reference lo the charily on the vi51age websile.1ocal schools and church The Trustees have a150 Set up a Plelp in Hand Graiil lor the residents ol Churcliill and Blakedown. Slructure, governance Jnd management The ¢hariiable trust is an unincorporaied trusl, constiiutèd under è Irusl deed daled 9 December 2005 as amended 3 July 2006 and 8 Scheme ol Ihe Commissioner5 dale*J 19 O¢cember 2008, The charitabl$ irusl was reg151ered on 14 July 2006 with Ihe Charily Commissit)n8rs, number 1115342. The trusl fund w05 established under the wlll ol ihe late Mr Nofman Lawrencg Dawson who dled on 21 Oclobgr 2003. Under and by vlrtue ol Ihe Wlll, Iho tO510T gW the rgsidue ol h18 &slalg upon trvsl 10 e5tabllsh and ondow a conllnulng charitable Irusl. The Iruslees are responsible Iof Ihe odminlslrallon ol the ¢hgrilable Irusl. Tho body ol iruslees shoLsld consist ol five persons comprislng-. Three peTson5 who al Ihe dale ol Ihelr appoinlmenl reside in th• Ancient Parish ol Churchill ond 81akedown'. Two other pèrsons wherever residgnl. In the eyenl ol a vacancy the remalning Ifustees have Ihe power o18ppoinlmenl lo fill such a vacan¢y.
THE NORMAN DAWSON CHARITABLE TRUST TRUSTEES. REPORT {CONTINUED FOR THE YEAR ENDED 30 JUNE 2023 All Injslees are providod 1h the 1dlow1J'. History and background Inl(Kmallon. A pY ol the INSI dd. Th• Irusl883 meet every warter wth lurthef ad hoc mo•bng6 as r•quir8d. At Ihe trusle•8' m••lln9S. the tfUSt•es agfee the broad slrale9y and arèas ol activity for the ch8rilabl• trvyL including consideratKJn ol g1gnl making. investment. raserves and risk managemenl poli¢ies and perfomance. The day to day admlnistral¢on ol grants and Ihe pro¢¢ss an(J handling ol applications prior to consideration Is ddegaled 10 the Clerk lo Ihe Tru8lee$. D J Pdesln•ll MrsCKBwt M W Edwaids P J Tlbballs E Prleslnall Ml8s K L Wood (R•¥ign•d S Decernr 20221 {Appoinled S D•¢8mber 20221 (Apposnled S Docombei 20221 A•••t cOr for fundi Note 16 sel$ out an an#lysis of th• a5sels altr11•¢ lo th& vorfous lunds and d6sulpllon of Ih•$• lunds. Thesè •ssets are 8ufficlent to meel the ¢harSty's obllgalions on a by fund ba$l5. Th• truslea$' reptyl wJ¥ approved by Ihg Board ol TnJslee8. O J Prl••tn•ll Twstea D•ted", NAB ZoL¢*
'I'he Normlln Dffjwson CharltJble'fry5t 19 Mill Ldne 81ukLdown Kidd¢nniiisicr Wortesicrshire DYIO JND Thc Dlrc¢lors Prlce PcArson Cliartered ALcouniaiilS Finch House ?A.30 wolverhillllpl¢I Sir¢¢l Dudley Wcsl Midlunds DYI IDB Dear Sirs Tliis rcprcscntation Iciicr is providcd in conncclion with yoiir preparnlion of Ihc llccounls Ql'The Nornioi) Dllivsoii Churilnble Tnisi lor Ihe year ending 30111 J41ne 20?3. Wc ackiioivlcdgc a% tru.Ilcc5 our rc%poiisibility for Ihc aLeouiiis, Ivhicli yoii havL' pr¢pared for Ihc charity. All Ihe a¢counlin&¥ rccords havc bcen mttdc nvailnblc to you for ihc purposc of your reviciv and oll Ilic irnn511Ctii)ns und¢rtok¢n by Ihc cliurity have bL¢ll PmPLrly rctlccl¢d ond recorded in the o¢courTrling rccord.i. All the iiiloiintinu reLords relevun¢ infurmulion huve been mude uvuilJble 10 you lor the purpo%e of your prep&ru(ion of Ihc Dccounis and Dll trttnsaciionq undilrtllkcn by the cliuriiy hov¢ becn properly rcflcclcd in thc accounlinB records or other inforniation provid¢d to you. All oili¢r record8 rclotcd inforn?ation. ii)¢ludinu miniilc¥ ol. nll mcciin¥s. huve bccn mude ttv&ilablc lo you. 2} 3) We tscknoivlcil&ie our rPon¥&bility for Ihc deyibin and in)plcmcniution of internal conlrol io preveni iinLI (IcteLt L'rror 41nd frJud. Wc Lonfirm ihe finun¥iul ¥tiilLnieni$ llrL. frLe from mlll¢riiil mi$$totcmcnl$. in¢liidiii¥ oiiii&sion$, 4} Tli¥w liove bccn no irregiilnritics or allLbl{Ilji)i)¥ Ilicrwl. iiivolvinbs iiiunabicineiil or ¢mploycc$ ivho hov¢ a signifieani rolc in iiitemal control or Ihai could have o malcrial eftecl on Ihe finaiici&l slaicmcnis. 5) W¢ confimi Ihal wc arc a¥varc ol. any possiblc or aLluul insiancc of non-coniplian¢e wilh Ihosc Iiiivs und reuiilaiions N%,hiLh providc n IL'¥uI Iftiincwurk iviihin which tlic L'llariiy cunduLl% ils business. The Lharity li¢lS Lomplied willi yll uspeLlb of contrnclu%il ugre¢m¢nt& thtti Lould hove mkiierial cffccr on the tinllncial stiifLinents in Ihc ¢vcni ot nun-complinncc. For and 01) bch8lt of tlic Truslccs. Coiiiinued . rusicc D J Pries11)lI. ts 201 Lt
61 We confirin Ihai we aT¢ not WIITC of any #CiLial or p055ibl¢ litigation or Llaims which mlly have an effect oii ilie findi)ci&l %lateinents. We lidvc rto plÉlllS oi. Iiilentioiis il)£lt Illily Ill¢ilericilly ¢ilter tlic ¢iirryiii&r Yalu¢ lind wliei'c releviiiii tlie sllllCIII¢I)IS. We ¢oiifirni Iliat we liuve disclosed lo you tl)c idcntily of tlic entitie4 reluied Pdrtic% aiid all rclated parly rLlationships lind Inii.g£lciions rclcvant io the cl)arity <ind tli,ii WC iirc not 1lwarL of fllrther rclated pu11y mailers that rcqiiirL. disclosui'¢ otliei. Iliaii 11i08c alr¢&idy di%¢l0.qcd in Ihc accouiii8. 9) WL LOI)firiii Ihul, hiivii)bi Loii%iJLfLd i)ur LXI)LLlalions 7)d inlL'nlil)ii% fDI' IIIL) IILXI livclve iiionili4 Jnd IhL IIVl1 iliibility ol. workiiig Cc1piinl, Ilic chiirily 18 11 g()inbl ¢oiicei'n. L'x¥Lpi for Il)0se disLlusLd in IIIL Iiccounls. Tliere ure no lillbilities, continbienl liubilities or ¥uur<intees lo tliird partic4 otlicr Ihan Ilios¢ 12) Tl)Li'e liave bLLli iio ¢veiit% %inL'e Ihc biilui)L¢ sIiLei dll(e wliicl) rLXIIIII'L ¢Jis¢lusuie oi. wliich WtsLild ÉILLOillIts. roi. Jnd 011 b¢li¢ill' ol. Il)¢ 'frt)stL¢%. .Trusi¥¢ D J PTicsinJll. Dn1¢
We dl411 Lvnlimi ih¢ fulliiwin¥'. Tllai 411 a.4.1111#yl, bc¥n included in tlil balanLL l)eei; I'hJi all a%5Ct% inLILidLd ill IhL bJlunLL ¥he¢l Lxisi: Thai ¢hc Lhariry uivns illl sisset% inLluded iii Ihc baliincc sh¢ci. unles% uihLrwise siatcd in the ¢ILLounls', Thai ih¢ LOSI (or value) ul'411 ihe aysels in IhL' buldnce sh¥el are lairly sillted.. Thar ull liabililic.4 rn'cordcd in tl)e blllanLC $IILei nr¥ pfopLrly tliThsc ol il)c cliariry- Thu¢ ull liubililio% hui'L' bLen r¢Lordeil ill u 11£ ir vdlue; Thai ihcrc hos bccn no nciiingi off of 084cis und liabilili¢s: Thai all inconie has been lully recorded und correcily classi lied. IKI We ¢onlinn tlic %PCLific rcpresLllliitions n)odL' lo you durinu the ¢vur%¥' (It tliL revieiv. rclalingi lo 20U/Tr of MFG fLY¥ l)ould bL ulluciiied io brov¢miiiiLe G041S: W¢ >iill liol(1 shJres in US Luillpiiny GEC lind Ihese slinres lire inLliided lli Ilie 101¢s1 viilu#lion llvuiluble or £116.457. We coiifirni aiiy incunie arisingb froni Ili¢ US sliares ivould be iinniuicrial to the tsccoui)ts. We confirni ihol ihe folloivinbi dcsi&ii)uied funds sIioLild b¢ iJrried forwuid ill JO June 2023.. BLirsoriL'¥ - £20,000 chilh1]I Foryc- L49,000 Flardship- L19,¥00 191 We confinn Ili¥l the llccounls should includc u iransfcr of t68,267 frojn IhL ¢ndoivmeiii fund¥ lo Ihc unrcsiricicij lunds. We confimi to tlie bc81 ol'our knoivled8c ond beliel'ihai th¢ above rcprcscntotioThs arc modc on ihe basis ot ¢nquiries of Inonugemeni und slttlT iviil) relevuiil knoivlcdge uiid Lxperi¢nie and. Ivhere Dpprupriaie, or in$peciion ol. supporting docui1)enlalion surricienl lo satisfy ourselves Ihal we ¢an pioperly In8ke each or Ihe ubuYL represenlnli¢)ns 10 yLI(I. Your% llliililullyl For and on bcliaifof tlie Trusicc.4, -Trusiee D J Prie51iiall. É Z02