Company registratK)n number. 07973780
Charty registration number. 1142618
DVS Foundation
IA company limrted ty guarantee)
Annual Report and Financial Statements
for the Year Ended 31 March 2023

DVS Foundatlon
Contents
Reference and Administrative Delails
Trustees, Report
2to3
Stslement of TnJstee$' Responsibilities
Independgnl Examinerfs Report
Statement of Financial AdNthes
Balan￿ Sheet
Notes lo the Financial Statements
81017

DVS Foundatlon
Reference and Administratlve Detalls
Chlef Executive Offlcer
MrDVShah
Trustges
Mrs R Shah
MrDVShah
MrPDShah
Charlty Registsatlon Number
1142618
Company Reglstratlon Number 07973780
Prfncipal Offlce
DVS House
4 Spring Villa Rood
Spnng Villa Park
Edgwa
Middlesex
HA8 7EB
Page 1

DVS Foundation
Trustees. Report
The trustees, who afe directors for the purposes of company I￿. present the annual report together
with the financial ststements of the eharrtable company for the year ended 31 March 2023.
Objectives and activltles
Publlc benefit
General chariiable purposes foi preventrJn or relief of povety. overse85 aKI, and famine ￿1￿1 for
children, young people, and the elderty.
The Iruslees confimi that they have complied with the requirements of $ection 17 of the Ch8ritie$ Act
2011 to have due regard lo the pvbli¢ benefit guKlance published by the Charity Commission for
England and Wales.
Structure. govemJnce and managoment
Financlal Instrumonts
Objectlves and pollcles
The charws aetivilies expose it lo a number of financtal risks induding Credit risk, cash flow risk and
liquidity risk. The use of financial derNalNes is govemed by the charity's policies approved by the
board of Iruslees, whi¢h provide wntten principles on the use of financial derivatives to manage these
risks. The ¢hanty does not use denvative finanual instruments for speculative purposes.
Cash Ilow nTsk
The charitys adbvittes eyse it primarity lo the financial risks of chanps in foTeign currency
exchange rates and interest rates. The charity uses foreign exchange forward contracts and Inte￿5t
rate swap conlraels lo hedge these exposures. Inlèresl ljearing assets and liabilths ara hold * fixed
rale lo ensure certainty ol eash tlows.
Cr•dit rlsk
The charty'$ principal financial assets are bank balances and cash, trade and other rac8ivablos. and
inveslmenls. The ch8riV8 credit risk is primarily attributsble lo ts trade receivables. The amounts
presented in the balance sh¢el are nel of allowances for doubrful T￿￿1Vable$. An allowance for
impairment is made where there is an idenlffied loss event which. based on previous experience, is
evidence of a reduction in the recoverabilty of the cash I1￿¥$. The credit risk on liquid fttnds and
derivative financial instruments is limrted beeause the counlerpartwJ are banks wlh high credil-ratings
assigngd by international crèdil-raling agencies. The charity has no Signrficanl concentration of credit
risk, wrth exposure $preatJ over a iar9e number of winleoarties and customers.
Llquldlty rlsk
In order lo maintain liquidty lo ensure that sufficient fvnds are available for ongoing operations and
future (Jevelopmenls. the ¢hanty uses a mixture of long4emi and short4em debt finance. Further
details regarding liquidty risk can be ftyjnd in the St*ement of accounting Wicies in the finanual
slalemenls.
Small companlos provlslon stsloment
This report has b9en prepafed in accordance with the small companie8 regime under the Companies
Act 2iio6.
Page 2

DVS Foundatlon
Trustees. Report
The annual report was approved by the trustee3 of the tharity on 6 March 2024 and signed on ts
behalf by".
MrD
Shah
Chief executive officer and trustee
P•3e 3

DVS Foundation
Statement of Trustees. Responsibilltles
The tnjslees Iwho a￿ a150 the directors of DVS Foundation for the purposes of company lawl are
responsible for preparing the trustees. report and the financial stalerngnts in aceordance wr(h
applicable law and Unrted Kingdom Accounts"ng Stsndards (Unrted Kingdom Generalty A￿pted
Accounting Practice), Including FRS 102 'The Financial Reporting Standard applicable in the UK and
Republ￿ of Ireland" The report and accounts have been prepared in aG￿rdance with the provisions
in the Companies Act 20C6 relatin9 to small companies.
Cornpany law requires the trustees to prepare financial slalements for each financial year. Under
company law the trustee5 musl not approve the financial statements unless they are satisfied that
they give a true and fair view of the stsle of affairs of the charitsble Company anty of the incoming
resources and appliCat￿n of resources. including rts income and expenditure, of the charitable
company for that pen(xl. In preparing these financ￿1 slalemenls, the trustees are required to..
select suitable accountsng policies and appty them consistentty..
observe the methtsjs and Princip￿ in the Charitios SORP..
makejudgemenls and estimates that are reasonable and prudent:
slate whether applicable ?￿ounting stsndafds, comprising FRS 102 have been folbwed. 8ubj¢¢l
to any material departures disclosed and explairbed in Ihg financial slalemenls., and
prepare the financial slalements on the going concem basis unless (( 1$ inappropriate lo presume
that the charitable company WIN continue in busines$.
The Iruslees are responsibk for keeping proper accounting records that can disclose with reasonable
a¢¢ura¢y al any lime the financial posrtKJn of the chafitable company and enable them lo ensure th81
the financial slalèmenls comply with the Companies Act 2006. They are als0 responsible for
safeguarding the assets of the Charrtab￿ cornpany and hence for taking reasonable 81eps for the
prevonlion and detection of fraud and other irregularit*s.
The tru$lee$ are responsible for the maintenance and Integrty of the corporate and financial
infomialion included on the Charitable compan¥s website. Legisklion governing the preparat￿n and
dissemination of financial statements may drffer from legislalKJn in other jurisdictions.
Approved by the Iruslees of the charity on 6 March 2024 and swned on its behaff by.
4r•ffshah
Chigf executive officer and trustee
Page 4

DVS Foundation
Independent Examinerfs Report to the trustees of DVS Foundation ('the
Company,)
I report lo the ¢harty trustees on my examination of the accounts of the Company for the year ended
31 March 2023.
Responslbllltles and basEs of report
As the charity's Iruslees of the Company land also its direclors for the purpo￿ of company lawl you
are responsible for the preparation of the accounts in accordance with the requirements of the
Companies Acl 2006 {'Ihe 2006 Acl,).
Having salisfie(i myseK that the accounts of the Company are not required lo be audited under Part
16 of the 20C6 Act and are elwJible for independent examination. I report in respect of my examination
of your charty's accounts as ￿rrIed out under sectK•n 145 of the Charities Ad 2011 I'lhe 2011 Act'i.
In carrying out my examinatson I have followed the Dire¢tK>n$ 9Nen by the Charty Commission under
section 14515llbl of the 2011 Act.
Independent examlnefs ststement
I have completed my examinati¢Jn. I confirn that no matter¥ have come to my attention in ¢onnection
wf(h the examination gmng me cause to believe..
1. accounting rewrds were not kepl in respgd of DVS Foundation as required by section 386 of the
2006 Act,. or
2. the accounts do not accord with th¢xe records.. or
3. the accounts do not c¢ynply wrth the accounling Tequiremenls of section 3% of the 2006 Act
other than any requirement that the accounts gNe a Irue and fair which 1$ not a matter
considered as part of an Independent examination., or
4. the accounts have not been prepafed in accordancé wrth the meth¢yJ$ and principles of the
Slalemenl of R¢commended Pradice for aecounling and reporting by charitEs lapplicable lo
charrties preparing their accounls in accordance wilh the Financial Reporting Standard
applicable in the UK an¢J Republic of Ireland IFRS 10211.
I have no concerns and have come acTOSS no other matters in eonnection the examination to
which attention shoukl be drawn in this report in order lo enabte a proper understanding of the
accounts lo be reacheil.
Jigna Dave, FCCA
Slanmorè Accountsnls Ltd
25 Rocklands Drive
Slanmo
Middlesex
HA7 2JD
6 March 2024
P4eS

DVS Foundation
ststement of Financial Activities for the Year Ended 31 Mar¢h 2023
(Including Income and Expenditure Account and Statemont of Total
Recognlsed Gains and Losses)
Total
2023
Total
2022
Income and Endowments from:
Donations and legacies
Investment income
120,700
68.400
Tot81 income
120,705
68,400
Expendlture on:
charitab￿ aclivrties
120.271
68,3571
Total experKlilufe
Ng1 income
120,271
68,357
434
43
Nel movement in funds
434
43
Reconclllatlon of funds
Total funtjs brought forward
Total funds carried forward
74
31
12
508
74
l of the charty's actiwts$ derive from continuing op•r*ions during the aLThie ￿ periods.
The funds bfeakdown for 2022 is shown in notg 12.
The notes on pages 8 to 17 form an integral part of these finanual stal¢mènt$.
Page 6

DVS Foundation
(Registration number: 07973780)
Balance Sheet as at 31 March 2023
2023
2022
Not•
Currgnl a$sots
Cash at bank and in hand
1.158
626
Credltoys.. Amounts falling due withln one year
10
1650)
552
Net a￿15
508
74
Funds oftho charty:
Unrestrlctod Income funds
Unrestricted funds
508
74
Total funds
12
508
74
For the financial yèar ending 31 March 2023 the charity entitled to exemptvJn audit under
sèction 477 of the Compan￿$ Act 20C6 reL4tsng to small compantes.
Directors, r85ponsibilities'.
The members have nol fequirgd th8 chaiity to obtain an audrt of its accounts for the year in
question in accordance wsth section 476,. and
The directors acknowledge their responsibilrties for eomptying with the rwuirnments of the Act with
respect lo accounting records and the preparation of accounts.
These financial stalernenls have been pr¢pared in accordance with the special prowsions rolating lo
ccmpanies $ubject to the small companies regime wrthin Part 15 of the Ccfflpanies Ad 2006.
The financial slatemenls ¢M papes 6 to 17 were appfoved by thè Irnstees, and aulhorised for issue on
6 March 2024 and si
If behall by.
V Shah
Chief executive officer and Iw$tee
The notes on pages 8 to 17 fomi an inlegrnl part of these financial statements.
PaJe 7

DVS Foundatlon
Notes to the Finan¢ial Statements for the Year Ended 31 March 2023
1 Chadty Status
The charity is limited by guatantee, incorpornted in England and Wales, and Consequent￿ does not
have share eapital. Each of the trustees is liable to conlribule an amount not exceeding £10 towards
the assets of the charity in the event of liquKlalion.
The address of rts iegistered offu is:
DVS House
4 Spring Villa Road
Spring Villa Park
Edgware
Middlesex
HA8 7EB
These financial ststements were aLrthoriwl for issue by the IN$t¢es on 6 March 2024.
2 A¢¢ountlng policios
Summary of slgnlficant accountlng pol1cl￿ and key •ccountlng ostlmatss
The principal accounting policies appl*d in the preparation of these financial statements are set out
bglow. Thesg policies have been consistentty to all the ye8TS prwnted, unle88 Otherwse
staled.
Slatemeni of compllan¢o
The financial statements have been prepared in accordance with Accounting and Rwrtlng by
Chanties.. Slalemenl of Reeommended Praclice (applicable to Charities prep8ring their account$ in
accordance wlh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
10211 (issued in October 20191 Icharilies SORP (FRS 10211, the Financial Reporting Stsndard
applicable in the UK and Republic of Ireland IFRS 102} and the Companies Ad 2006.
Basls of preparatlon
DVS Foundalion meets the d¢finrti¢M of a publK benefft enlty undgr FRS 102. Assets and liabilities
are inrtially reco9nised al historical cosl ¢y tran￿knon value unle8S othe￿Se stated in the relevant
accounting policy notes.
Going Concern
The Iruslees consider that there are no material uncertaint￿$ about the charitys abilty to continue a5
a going concern nor any signfficanl areas of uncertainty that affect the Carr￿ng value of a55els held by
the Charity.
Exemptton from preparlng a cash flow statement
The charity opted lo earty adopt Bultetin 1 published on 2 Febfuary 2016 and have therefore not
inclLtded a cash fl¢y•V $l*ement in these financial statements.
Page 8

DVS Foundation
Notes to the Financial Statements for the Year Ended 31 March 2023
Income and endowments
All income is recognised On￿ the ¢hanty has entitlement to the income, it is probable that the income
will be received and the amount of the income Tpxeivable ¢an be measured fe1￿bty.
Donatyons and legaclgs
tlonation¥ are recognised when the charity has been notified in writing of both the amount and
settlement dale. In the event that a donation is subject lo conditions that require a level of
performance by the charrty before the ¢hanty is enlrtled lo the funds, the income is deferred and not
recognised until èither those condrtions are fully met. or the lulfilment of those cond￿'0n$ is whol
wrthin the control ol the charty and rt is prc&able that these ¢onditions will be fu￿111ed in the reporting
period.
Le9acy grfts are recognised on a ¢ase by case basis fOlkn￿n9 the grant of probate Wh￿ the
adminislral¢rlexecutor for the estate has wmmuniealed in writing both the amount and settlement
dale. In the event that the gift is in the fomi of an asset other than cash or a financial a33et traded on
a recognised stock exchange, r8cognrtion is subject lo the value of the gift being reliably measureable
with a degr¢e of r¢asonable accuracy and the trtle to the asset having been Iranslerred to the chanty.
Investment Income
Dividends afe recognised once the divider￿ has been dedarnd and notification has been receNed of
the dividend due.
Expenditure
All expenditurè is rec(>gnised once Ihefe is a legal or con5tN¢live obl¢gation lo that expenditLtre. it 1$
probable settlement is reqUI￿d and the am¢)unl can be measured reliably. All costs are allocated lo
the applicable expend(Éure heading that aggregate similar costs to that category. Where cost$ cannot
be directly attributed lo particular heading5 they have been albeated on a basis consistent with the
use of resources, wrth central staff costs allocated on the basis of time spent, and d8preciatKJn
charges lllocated on the portvJn of the as8et's usg. Other support costs are alkxated ba8gd on the
spread of staff costs.
Governance costs
These include Ihe costs attributable to the ehanlys compliancè with constitutional and statLrtory
requirements. including audi(, stfategic management and Iruslees meeting$ and feimbursed
expenses.
Taxatlon
The eharily is considered lo pass the tests set otrt in Parydgraph 1 &hedule 6 of the Finance Act 2010
and therefore rt meets the definrtion of a charitable cc¥npany for UK corporation tax PUTposes.
Accordingty, the chanty is polenlialty exempt from laxalion in rospect of income or capital gains
received within categories covered by Chapter 3 Part 11 of the COrporat￿)n Tax Act 2010 or Section
258 01 the Taxation of Chargeable Gains Acl 1992. to the extent that such income or gains are
applied exclusively to charrtable purposes.
Page 9

DVS Foundation
Notes to the Financial Statements for the Year Ended 31 March 2023
Cash and cash equivalents
Cash and cash equNalen15 comprise cash on hand and call deposrb. and other short-lem highty
liquid investments that are readity convertible lo a known amount of cash and are subject to an
insignificant nsk of ehange in value.
Trnde creditors
Trade C￿rtorS are cbloations to pay for goods or ¥eMces that have been acquired in the ordinary
UTSe of the business from suppliers. Accounts payable are cla5srfied as current liabilities rf the
harrty dogs not have an uncondrtional light, al the end of the Teporting period, to defer settlement of
the crodilor for at least fv￿e1¥e months after the reporting d*e. If there is an uncondrtional right lo
defer selllemenl for al least tr￿1ve months after the reporting date, they are persenled as nonvcurrenl
Trade creditors are recognised initialty at the transactbon price and subsequendy moa$ur8d at
amortised cost using the effedive ral¢ of int6re81.
Fund structur•
Unreslricled income fvntJ$ are general lunds that are avaikth for use al the trustée$ discretion in
furtheranee of the obpctNes of the charity.
Penslon$ ond oth•r post retlr•mont obllgatlons
The charrty operates a defined ￿ntribUtIOn pension schme which is a pension plan under which fixed
¢onlnbulion5 are paid into a pension fund and the charty has no legal or constwctive obligation lo pay
further contributions even if Ihe fund does not hold suffuenl assets lo pay all employges the benefits
relating to employee service in Ihe current and prwx periods.
Contributions lo defined contribution plans are recognised in the State of Financial Activrties whan
they are due. If contribution payments exceed thg contributson due for $eMce, the exce$$$ is
recognised as a prepayment.
Flnancl•l instruments
Classmlcatlon
Finaneial assets and financial liabilrt¢'es are Te¢ognised when the charity become$ a paty to tho
conlraclual provisions of ttte inslrumenl. Financial Iiabilrties and egurty instruments are classrfied
according lo the substance of the conlraclual anangernents entered into. An equty instfumenl rs any
contract that ewdences a residual interest in the assets of Ihe chanty after deduth.ng all of it$
Page 10

DVS Foundation
Notes to the Financlal Ststements for the Year Ended 31 March 2023
Re￿gnitiOn and measurnment
All financial assets and liabil(¢ies are initiaty measurthl at transaction pricé lincluding transaction
coslsl, except lor those Iinancial a5set5 classffied as at fair value through profit or loss, which are
inilialty measured at fair value (which is nom￿1￿ the transaction price exduding Ir8nsaclion coslsl,
unless the aryangem9nt ¢onslilules a financin9 transaction. If an arrangement conslrtules a finoncing
Iransaclion, the financial a$set or financial lobilty 1$ measured at Ihe pr￿ent value of the futur8
payments discounted at a market rate of inleiesl for a stmilar debt instrument.
Financial assets and liabilrtEs a￿ onty offset in lh8 Statwnent of financial position when, and on
when there exists a legally 0nfo￿eabie rvjhl to sel off the recognised èmounls and the chanty inlerKI$
erther to settle on a net basis. or to realise the asset arKI settle the lthilty wmuttaneously.
Financial assets are derecognised when and only when al the Contractual rights lo the cash flows
ftom the financial asset expire or are settied, bl the chanty transfers lo another party substantially all
of the risks and rewards ol ownership of the financial asset, or c} the chanty. despite having retained
some, bul not all, signrficant nsks and rewards of Chvnership, has transferred control of the asso1 to
another party.
Financial liabiltiie$ are derecognised onty when the obligab"¢)n S￿r￿d in thg contract is di5¢harged,
ancelled or expire$.
Page 11

DVS Foundation
Notes to the Financial Statements for the Year Ended 31 March 2023
Debt instruments
Debt instruments wh￿h meet the folkm'ing cond¢tions are subsequentty measured at amortised Gosl
using the effective interest method-
lal The conlTactual return to the holder is lil a fixed amount.. lil) a positive fixed r*e or a pos11ive
variable rate,. or liiil a combinalion of a Po￿l￿e or a negative fixed rale and a posrtrve variable rate.
Ibl The contract may prowde for repayments of the principal or the retum lo the holder Ibut not both)
lo be linked lo a sin9le relevant observable index of general price Infflat￿n of Ule currency in which the
debt instrument is denominated. provided such links are not leveraggd.
1¢> The conlfact may prwde for a detemiinable Varialk￿ of the return lo the hokler during the lrfe of
the inslrumenl. provKled that {1} the new rate satisfies condthon lal and the variation 1$ not contingent
on future events other than 111 a change of a contractual variable rate., 121 lo protect the holder
against credit deterioration ol the issuer." 131 thanges in levies applied by a central bank or arising
frorn changes in relevant taxation ¢X ￿.. Of {iil Ihe rate is a market rale of interest and sglisfies
condition lal.
Idl ThoTe is no contractual provision that could, by its temi$, result in the hobJer k>sing the principal
amount or any interest attribulabie to Ihe current perK￿ or prior periods.
lel Contractual provision8 that pemirt the issuer to prepay 8 debt instrument or pernirt the hobJ&r to
pul rt back to the issuer before maturity are not contingent on future events. other than lo protect the
holder against the credrt deterioration of Ihe issuef or a change in control of the issuer, or to protect
the holder rjr issuer against changes In levk8s appl￿ by a tsntral bank or arising from chan9es in
r¢￿vant taxation or law.
lfj Contractual provisions may pemit the extension ol the temi of the debt inslrumenl, provided that
the relum lo the holdor and any other contrxtual provisions appli￿18 during thg extended term
satisfy the conditions of paragraphs lal lo Icl.
Debt inslrumenls that a￿ dassffied as payable or receivabk wtthin one year on initial recogniti'on and
which meet the above condrtions a￿ measured al the undiscounted amount of the cash or other
conSiderat￿n expected lo be paKI or received. net of impainnent.
wrth the exception of some hedging instruments. other debt instruments not meeting these conditions
are measured al fair value through profft ¢y Ios5.
Commitments lo make and r￿e1ve bans which meet the 0)ndrt￿n5 mentioned above are measured
al cost (which may be nil} less impaiiment.
Inveslments
Investments in non•convertibkn preference shares and nOn￿Ytrab￿ ordinary or preference Shares
{Whe￿ shares a￿ publicly traded or their fair value is reliabty measurable) a￿ measured at fair value
through profrt or Ios5. Where fair value eannot be measured reliabty. investments are rneasureil al
cost less impairment.
Investment$ in subsKltanes arKI associales are measured at cost bss impalm￿nI. For investments in
subsldiar￿S a￿Uired for con5Kleralion induding the issue of shares qualty'ng for mergeT relief, eosl
is measured by reference to the nominal value of the shares issued plus fair value of other
consideration. Any premium is ￿nDred.
Page 12

DVS Foundation
Notes to the Financial Statements for the Year Ended 31 March 2023
Derivative financial instruments
The charity uses derwative financial instruments to reduce exposurg to foreign exchange risk and
interest rate movements. The charity does not hobj or issue derivative financial instruments for
speculative purposes_
Derivatives are ini(18lly reeognised at fair v81ue at the date a derivatwe ¢ontra¢t is entered Into and are
subsequently remeasured lo their fair value al each repo￿.n9 date. The resulting gain or 105$ is
recognised in slalement of financial actwrties immedialdy unless the derTVative is designated and
effective as a hedging instrument. in which event the timing of the recognth.on in ststement of financial
vities depends on the nature of the hedge reiat#)nship.
Falr valug measur9mgnt
Th¢ b¢$1 6vid¢n¢¢ of fair value 1$ a quoted price for an ident￿1 asset in an 8th.ve market. When
quoted prices are unavailable, the price of a fecenl transaction for an Ident￿al asset provide8
evidence of lair value as long as there has not been a signrficant change in economic circumstan¢¢$
or a significant lapse ol lime since the transaction look place. If the market is not adive and recgnl
transactions of an identical asset on their are not a g¢x¥J estimale of fair value. the fair value is
eslimaled by using a valuation technK4ue.
3 Income from donatlons and l•gacl
Unffjtrlctsd
funds
G•n8ral
Totsl
2023
Donations and legacies.,
Donations from ¢ornpani¢$. Intsts and similar proceeds
120,700
120,700
120,700
120,700
Unrestrlcl•d
funds
GèneTal
Total
2022
Donations and legacies,
Donations Irom companies, trusts and similar proceeds
68.400
68,400
68,400
68,400
4 Investment incomg
Unrestricted
funds
General
Tota5
funds
Interest receivable and similar income".
Interest re¢e¥vable on bank deposits
Total lor 2023
Page13

DVS Foundation
Notes to the Financial Statements for the Year Ended 31 March 2023
5 Expgndlture on charltsble actlvliles
Unrestrlctod
funds
Goneral
Totsl
funds
Note
Govemance costs
120.271
120,271
Total for 2022
68,357
68,357
Totsl
•xpenditUTt
In addition lo the expenditure anatysed above. there are also govemance costs of £120,271 12022 -
£68,357) which relate difeclly lo charrtable activrt*s. See note 6 for further details.
6 Analysls of gov•rnanco and support ¢￿ts
Govemanee C￿ts
Unmtrlct•d
fvnds
Goneral
Total
funds
Staff costs
Wages and salari85
Pension costs
Other govemance costs
Total for 2023
26,872
619
92,780
26,872
619
92,780
120.271
120,271
Total for 2022
68,357
68,357
Page 14

DVS Foundatlon
Notes to the Financial Statements for the Year Ended 31 March 2023
7 Stsff Costs
The aggregate payroll costs were as f￿1cl￿s..
2023
2022
Stsff costs during the year wern:
Wages and salaries
Pension cost$
26,872
619
25.327
580
27,491
25.907
The monlhty average number of persons lincluding senior managemenl I leadOTship team} employed
by the charity during the year expressed as lull lime equNalents was as follows..
2023
No
2022
staff
No employee receivod omolumenls of more than £60.000 during the year.
8 TaxatSon
The charity is a registered charity and is therefore exempt from taxation.
9 Cash and ¢ash •qulvalents
2023
2022
Cash on hand
Cash at bank
300
326
858
1,158
626
10 Cr￿ltors. amounts falllng due wllhln on• year
2023
2022
Other laxalion and swial secunty
Other cred((ors
511
139
428
124
650
552
Page 15

DVS Foundatlon
Notes to the Financial Ststements for the Year Ended 31 March 2023
11 Penslon and other ¥chem•s
Dofin¢d contribution pènslon scheme
The chanty operates a defined contributKM pension scheme. The pensKJn cosl chafge for the year
represents contributions payabte by the eharity to the scheme and amounted to £619 {2022 - £5801.
12 Funds
Balancg at 1
April 2022
Incomlng
resou￿8¥
R￿oUrCes
expended
Balance at 31
March 2023
Unrestrictfjd funds
General
74
120,705
120.271
508
Balanc• •t 1
Aprll 2021
Incomlng
Sources
Re￿UrCeS
0X￿nded
Balance at 31
March 2022
Unrestrf¢t•d funds
General
31
68,3S7
74
13 Analyyls of n•t •Ns•ts betwwn lunds
Unrestrld•d
funds
Gon•ral
Tot•1 funds
at 31 March
2023
Current as$els
Current liabilrties
1,158
6SO
1,158
6501
508
Total nel assgls
508
Unrestrf¢tod
funds
General
Total funds
at 31 March
2022
CuTrent assgls
Current liabilsties
626
552
626
552
Totsl net assets
74
74
PaJe 16

DVS Foundatlon
Notes to the Financial Ststements for the Year Ended 31 March 2023
14 Analys15 of net funds
Al 1 Aprll
2022
Financing
ash flov•3
At 31 March
2023
Cash at bank an¢J in hand
626
532
1.158
Net debt
626
532
1,158
At 1 Aprfl
2021
Flnan¢lng
cash flo
At 31 March
2022
Ca8h al bank and in hand
26
626
Nel debt
600
26
626
Page 17