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}
(Applyn￿d 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
WorCes￿rShlre
DY102SH
Independent examingr
Sandra Garringlon F C.A, F.C.C.A. C.f.A.
Finch House
28 - 30 Wolv*rhainplOli %lreet
Oudley
Wesl MIO1afids
DY1 IOB
Bankers
Naiwesl
24 High Slieei
Kldoefm1nster
Worceslershire
DY10 2DL
Sollcitor¥
mlg Soli¢ilors LLP
Adam House
Birmingham Roa*J
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 f￿4￿101 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 pr85*nt 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 Ob￿cl5 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<ini m¢ik1ng policy loi. Ihe year
Graiii making policy
The Iruslees inviie applicalioiis lor Iinancifl. l a%si51ance lor charitable Pilfposes withiii Ilip Ancieiil Parisli ol
CIIufcliill and Blakedown Appli¢an15 niusi c.on)pleie a 51aDdard form and all applicalions ale 11)eii coiisidered lor
approval as appropriate #l m8elings by the Irusiee8.
The Iruslees Irom lime lo lime will consider Ihe possibiSily ol maklng granls 1¢ oulside bodies.
Ther¢ have been no mjjor changes In aims or organisalions during Iha year.
An analysis ol the organ1sations lo thich grants were made is shown in nole 5 to the a¢counls.
The trustees have 18vnched a bursaries prol8cI with a vlew to assisb.ng young people wllh special abiliiies lo be
able lo d•velop ihose lurthèr. A markgling c8mp8ign has been put in place within Ihe Ancieni Parlshos, wilh fiyors
hjylng been circulated lo organisalions, $chool8 arid IndividtJal8 lo encourage youngsters lo take Advantage ol
the funding made available by Ihe1rt>51ees.
Aehi¥vem•Thts and perfomiance
The trustees con¢inu8 lo seek out charitable objeclives and projeets within the Ancienl Parishes lo which they
can provide gr￿1$. 11 ha5 been anolher successful year for the Irvslees durin9 which Ihey have been able lo
make subslanlial granls lor ihe benefit ol Churchill and eiakedown. This indudes benefjling Blakedown Sports
and Recreallon Genire and Cilizens Advice Wyr8 Forest.
Financl¥l r•vlow
The lolal Incoming re50uT¢es and resources expended for the year are shown in Ihe sialemonl ol Flnancial
Aclivilies on page 5. The lolal inc(vning resource5 amounted lo £44,117 and lurther delails can be lounL1 in note
2and3.
The lolal resources expended amount lo £112,384 and Ivrlher delails can be found in nole 4 and 5.

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$. 80th the income and capital ol the fvnds caft b&
spent as the Trusteos see fit. During th• year Iranslers of £68,267 were mode Irom th& •ndowmenl tsxpendthe
lunds Io the unre8lrlcl￿ funds respecllvtrly.
The T￿llee$ aim lo make grants up ￿ the I￿e1 ol n81 incomin9 reso%Jrc&s Ibelor• on thve8tmentsl #) gath
ygar and lo Ihe exleni that thls 18 insUffiC￿nI. 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 gr￿h 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 h*v• b•for•. thtry arè ho￿n9 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 $81 up
H*lp In Hand Gronl for lh& r8slden15 01 ChLtrchill and Blak•do¥*n.
Slructurn, gov•rnan¢• Ind m•n•g•m•nt
The chjrilabltr Iru81 Is an unln¢orpornt•d trust, c4n8titut•d under 8 tru81 de&d d818d 9 Decembei 2005 8S
mgnd6d 3 July 2006 and a Schgme of Iho Ci¥i)m14Ston8r5 doled 19 Decembtrr 2C4J8. The charliable trust was
regi$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 t￿lY Oltr￿let$ 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 trusl*es 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 fJn*nclal 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•n￿nI
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 acti￿1485
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 s￿￿Ment 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 $ei a51do al Ihe dI￿relIon of Iho Ifuslees lor specific
purposes. The purposos and uses ol Ihe designated lunds are sel Out in Ihe noies lo th¢ accounts.
1.4 Incom•
Incomè is recognlsad when the charitable Irusl 1$ 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 p￿y#blo lo Ihlrd partlos In Ihe furth&rnnc• ol Iho c*onlable
objeciiv95 of the ¢haritobl8 Iru$i The ?xp8ndilure 8150 includes Dverhead C0$15 and support ¢0116 whlch
omkffise coat8 lor procos9in9 9rants and appllcaiions. 1098lh8r with g0￿M8￿C• co815.
GoveM8nce ttJ$is ¢omprl$8 COSIS Involved In th• wbllc a¢count&blllty of thè charity and lty eornpllance wSlh
regulalion and good Prac￿C￿. Tha direct c05101 a¢counlancy and Ihe indep•ndenl exDminalion logeiher wilh
20% 01 Iho clork 5 1005 have been chargod 10 9ovomance co$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 tsxp*nse¢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 Cal￿r￿j 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 In￿Stmant g•ths •nd 108M8 are combined N) th• $la¢em•nl ol fi￿ncI*l
aclivliigs.
1.7 C••h •nd cash 4qulv•l•nts
Cash and Cash gqutV81gnt$ 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 instrum￿ts arg o¢ognwd In Ihe charitable Iru$l's bolBnce sheet vthen Ihg chgniable IN$1 becom
paity to Ih• contractual provlslon5 of th• inslrumtnt.
Financial assets and 119￿lI11es 8re offs•i, wilh Ihe nèi amounts pre$¥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 n*1
basls or to reali3e Ihe 8gsol and ¥Qllle tho Ilabilily slmullan¢ou51y.
8•sle nn•neki •ssoi
8asi¢ finantyal Bs5el$. which I￿l￿d& debtors and rash and bank balancDs. arc iniliolly measur¥d ai
transa￿lOn prSce induding Ir8nsa¢lion Costs and are subsequ8nUy ¢am8d ai arnortl¥60 ¢osl using Ihg effectSve
Interest meihtsj unlèss the arr8ngemenl consltlules a financing Iransaciion. whero thfr 1rans8cl1￿ 1$
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
Financ￿1 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 aft￿he1 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 Credi￿r3 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&¥ r￿ing
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 ful￿1n4 ol aciivltJ••18•9 no¢a Sl
90.448
200
Sh8r8 01 Support COS1* {ie• n￿* 81
ShJr• ofqov4in•r￿fj t￿t￿lIe* 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 du￿n9 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 Fln*n¢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
p￿paYMentS 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 ill￿t 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 poli￿￿9 ¥•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 appl￿bIg 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 purpo￿8 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 conf*rm 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 reviel￿n9 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 corn￿￿1e a standard forni and all *p￿1¢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 p0s￿bIlItY 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 Y￿n931&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 fi￿her 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 fur￿5 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 tO5￿10T 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 1dlow1￿J'.
History and background Inl(Kmallon.
A ￿pY ol the INSI d￿d.
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$.
D J Pdesln•ll
MrsCKBwt
M W Edwaids
P J Tlbballs
E Prleslnall
Ml8s K L Wood
(R•¥ign•d S Decern￿r 20221
{Appoinled S D•¢8mber 20221
(Apposnled S Docombei 20221
A•••t cO￿r for fundi
Note 16 sel$ out an an#lysis of th• a5sels altr1￿1•￿¢ 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 r￿Pon¥&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 $IILei nr¥ pfopLrly tliThsc ol il)c cliariry-
Thu¢ ull liubililio% hui'L' bLen r¢Lordeil ill u 11£ ir vdlue;
Thai ihcrc hos bccn no nciiingi off of 084cis und liabilili¢s:
Thai all inconie has been lully recorded und correcily classi lied.
IKI
We ¢onlinn tlic %PCLific rcpresLllliitions n)odL' lo you durinu the ¢vur%¥' (It tliL revieiv. rclalingi lo
20U/Tr of MFG fLY¥ *l)ould bL ulluciiied io brov¢miiiiLe G041S:
W¢ >iill liol(1 shJres in US Luillpiiny GEC lind Ihese slinres lire inLliided lli Ilie 101¢s1
viilu#lion llvuiluble or £116.457.
We coiifirni aiiy incunie arisingb froni Ili¢ US sliares ivould be iinniuicrial to the tsccoui)ts.
We confirni ihol ihe folloivinbi dcsi&ii)uied funds sIioLild b¢ iJrried forwuid ill JO June
2023..
BLirsoriL'¥ - £20,000
chil￿h1]I Foryc- L49,000
Flardship- L19,¥00
191
We confinn Ili¥l the llccounls should includc u iransfcr of t68,267 frojn IhL ¢ndoivmeiii fund¥ lo
Ihc unrcsiricicij lunds.
We confimi to tlie bc81 ol'our knoivled8c ond beliel'ihai th¢ above rcprcscntotioThs arc modc on ihe basis ot
¢nquiries of Inonugemeni und slttlT iviil) relevuiil knoivlcdge uiid Lxperi¢nie and. Ivhere Dpprupriaie, or
in$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