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2023-06-30-accounts

The Dinswade Trust The Dinswade Trust 1127198 1127198
Receipts andpayments accounts CC16a
For the period
from
~~ee~~		 Period start date
01.07.2022		 Period end date
To
30.06.2023
~~e~~
Section A Receipts and payments
Unrestricted
funds		 Restricted
funds		 Endowment
funds		 Total funds Last year
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Income from investments
29,004		 - - 29,004 21,525
Interest received
-		 - - - 93
Donation
495		 - 882 1,378 2,000,000
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -

Sub total (Gross income for 29,499 - AR)

Sub total(Gross income for (Gross income for
(Gross income for
AR)		 (Gross income for
AR)		 29,499 - 882 30,381 2,021,618
A2 Asset and investment sales,
(see table).
Sale of investments
-
-
984,008
984,008
779,463
-
-
-
-
-
Sub total -
-
984,008
984,008
779,463
Total receipts
29,499
-
984,890
1,014,389
2,801,081
~~S555~~
A3 Payments
Grants awarded 10,000 - 261,250 271,250 215,000
Investment management fees (VAT
inclusive) - - 6,405 6,405 6,714
Trust administration fees (VAT inclusive)
- - 16,705 16,705 13,560
Independent Examiners fees - - 780 780 1,620
Cash management fee 91 - - 91 -
- - - - -
- - - - -
- - - - -
- - - - -
**Sub total ** 10,091 - 285,140 295,231 236,894
A4 Asset and investment
purchases, (see table)
Investmentpurchases
-
-
679,066
679,066
2,773,039
-
-
-
-
Sub total -
-
679,066
679,066
2,773,039
Total payments
10,091
-
964,206
974,297
3,009,933
~~——————~~
Net of receipts/(payments)
19,408
-
20,684
40,092
- 208,852
A5 Transfers between funds
-
-
A6 Cash funds last year end
5,710
246,727
252,438
461,290
Cash funds this year end
25,118
-
267,412
292,530
252,438
~~===>>~~

CCXX R1 accounts (SS)

18/03/2024

1

Section B Statement of assets and liabilities at the end of the period

Unrestricted
Restricted		 Endowment
Categories Details funds
funds		 funds
to nearest £
to nearest £		 to nearest £
B1 Cash funds -
-
267,412
47,557
-
-
-
-
-
47,557
-
267,412
Total cash funds
Capital account
Income account
~~SS~~
(agree balances with receipts and payments (agree balances with receipts and payments
account(s)) Agreement Error
OK		 OK
Unrestricted
Restricted		 Endowment
funds
funds		 funds
Details to nearest £
to nearest £		 to nearest £
B2 Other monetary assets -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
~~—_——~~
Details Fund to which
asset belongs
Cost (optional)		 Current value
(optional)
B3 Investment assets Endowment
-
1,076,736
Endowment
-
1,889,736
-
-
-
-
-
-
Investment portfolio
Handelsbanken portfolio
~~a~~
Details Fund to which
asset belongs
Cost (optional)		 Current value
(optional)
B4 Assets retained for the
charity’s own use		 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
~~tee~~
Fund to which
Amount due		 When due
Details liability relates
(optional)		 (optional)
Signed by one or two trustees on
behalf of all the trustees
B5 Liabilities
CCXX R2 accounts (SS)		 -
-
-
-
Date of
approval
Print Name
Katherine Forder on behalf of Ludlow
Trust CompanyLimited
Signature
2
18/03/2024
~~——~~

Trustees’ Annual Report for the period

From 01 July 2022 To 30 June 2023

Charity name: The Dinswade Trust Charity registration number: 1127198

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 The Trustees must apply the income of the
charity for such charitable purposes as the
trustees from time to time in their absolute
discretion think fit..
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.		 Para 1.17 and
1.19		 In furtherance of the objects for the public
benefit the trustees provide grants in
accordance with the Letter of Wishes.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 In determining the charity’s activities, the
trustees have had regard to the Charity
Commission’s guidance on public benefit.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference
Policy on grant making Para 1.38
Policy on social investment
including program related
investment		 Para 1.38
Contribution made by
volunteers		 Para 1.38
Other

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 During the year under review the charity
made grants to six charities totalling
£271,250.00.
Additional information (optional)
You may choose to include further statements where relevant about:		 Additional information (optional)
You may choose to include further statements where relevant about:		 Additional information (optional)
You may choose to include further statements where relevant about:
Achievements 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

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 At the end of the reporting period the charity
had free reserves of £47,557 (2022:
£5,710).
In addition to the free reserves the charity
has bank balances of £244,973 (2022:
£246,727) and investments valued at
£2,966,472
within
the
expendable
endowment fund.
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 The Trustees pursue a policy of maintaining
a free reserve available to be spent in the
furtherance of the charity’s objectives as
well as covering future needs, opportunities,
contingencies and risks.
Amount of reserves held Para 1.22
Reasons for holding zero
reserves		 Para 1.22
Details of fund materially in
deficit		 Para 1.24
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23

Additional information (optional) You may choose to include further statements where relevant about: The charity’s principal sources of funds (including any fundraising) Para 1.47 Investment policy and objectives including any social investment policy adopted Para 1.46

A description of the principal risks facing the charity Para 1.46 Expendable endowment funds are those which are required to be invested to produce Other income, but which may be transferred to unrestricted funds at the discretion of the trustees in order that they may be expended in furtherance of the charity’s objectives. Unrestricted income funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25 Trust deed dated 29 May 2008 as
amended by Resolution dated 10
December 2008.
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 Trust
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or bodyentitled		 Para 1.25 Trustees are appointed by the existing
trustees.

to appoint one or more trustees

Additional information (optional)
You may choose to include further statements where relevant about:		 Additional information (optional)
You may choose to include further statements where relevant about:		 Additional information (optional)
You may choose to include further statements where relevant about:
Policies and procedures
adopted for the induction
and training of trustees		 Para 1.51
The charity’s organisational
structure and any wider
network with which the
charity works		 Para 1.51
Relationship with any related
parties		 Para 1.51 No trustee received any remuneration or
was reimbursed any expenses in the year
under review.
Ludlow Trust Company Limited was paid
£16,705 for trust administration services
during the year under review. These fees
are authorised under clause 25 of the trust
deed.
Other

Reference and Administrative details

Charity name The Dinswade Trust
Other name the charity uses
Registered charity number 1127198
Charity’s principal address Trustees Department
1stFloor, Tower Wharf
Cheese Lane, Bristol
BS2 0JJ

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19		 Trustee name Office (if any) Dates acted if not for whole
year		 Name of person (or body) entitled
to appoint trustee (ifany)
Mr C H Parker
Mrs M A S Parker
Ms S M Whitehead
Miss J E A Parker
Mrs C D Hind
Ludlow Trust
CompanyLimited

20

– Corporate trustees names of the directors at the date the report was approved Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of adviser Name Address Address
Investment Managers Coutts & Co 440 The Strand, London, WC2R 0QS 440 The Strand, London, WC2R 0QS
Handelsbanken No.1 Kingsway London WC2B 6AN
Bankers Coutts & Co 440 The Strand, London, WC2R 0QS 440 The Strand, London, WC2R 0QS
Accountants KJF Accounting Limited 17 Sheringham Avenue, Southgate,
London, N14 4UB London, N14 4UB
Name of chief executive or names of senior staff members (Optional information)
~~—~~
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
~~BCee~~
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees on behalf of the charity’s trustees
Signature(s)
Full name(s) Katherine Forder
On behalf of Ludlow Trust
Company Limited
Position (eg Secretary,
Chair, etc)
~~a~~
Date
~~PO~~

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of The Dinswade Trust On accounts for the year ended Charity no lif any) 1127198 30" June 2023 Set out on pages 1to2 I report to the trustees on my examination ofthe accoun15 of the above charity I'the Trust") for the year ended 30, June 2023. Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in a¢cordance with the requirements of the Charities Act 2011 {"the Acr,). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 14515){b} of the Act. I have completed my examination. I confirm that no material malters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect.. accounting records were not kept in accordan￿ with section 130 of the Act or the accounts do not accord with the accounting records Independent examiner's statement I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed: Date: i) Name: Mr Keith Felton Relevant professional qualificationls) or body {if any): ACCA Address: KJF Accounting Ltd, 17 Sheringham Avenue, Southgate. London N14 4UB Section B Disclosure Only complete if the examiner needs to highlight matters of concem (see CC32, Independent examination of charity accounts: directions and guidance for examiners). IER October 2018

Glve here briaf detalls of any items that the examiner wlshes to disclose. IER October 2018

2024-04-10Dinswade-Acccounts

Final Audit Report

2024-04-10

Created: 2024-04-10 By: Estera Rzepus (Estera.Rzepus@ludlowtrust.com) Status: Signed Transaction ID: CBJCHBCAABAAJpYZ393D7_lImffi7J-GQXiu72cKFQg6

"2024-04-10Dinswade-Acccounts" History

2024-04-10 - 10:07:49 AM GMT

Document emailed to Katie Forder (katie.forder@ludlowtrust.com) for signature 2024-04-10 - 10:08:31 AM GMT

Agreement completed.

2024-04-10 - 10:19:19 AM GMT