REGISTERED CHARITY NUMBER: 1152432
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 1ST DECEMBER 2025
FOR DIDYMUS CIO
Cresswells 12 Market Street Hebden Bridge West Yorkshire HX7 6AD
DIDYMUS CIO
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1ST DECEMBER 2025
| Page | Page | Page | |
|---|---|---|---|
| Chair's Report | 1 | ||
| Report of the Trustees | 2 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 11 |
| Detailed Statement of Financial Activities | 12 |
DIDYMUS CIO
CHAIR'S REPORT FOR THE YEAR ENDED 1ST DECEMBER 2025
Over the past year, we have continued to develop our support for art-based projects which encourage access to the arts in the Greater London boroughs and the County of Yorkshire. Our focus is to increase access to high quality, creative arts projects, particularly for those who experience barriers to participation.
We have been able to provide long-term support to a range of charities in different areas of the arts including theatre, dance, puppetry and music. It has been very encouraging to see the impact of Didymus funding on the projects to which we have made grants, particularly on those who are most vulnerable or isolated. Our Trustees have welcomed the opportunity to visit grant recipients and to see, at first hand, how the grants are making a difference.
In 2025, Didymus awarded a total of £115,027 in grants.
Our Trustees have held three trustee meetings during the year, two via Zoom and another in person. Two of our Trustees, Alan and Helen Wall, resigned at the end of the year having served for ten years. We are very grateful for the enormous contribution which they have made since the foundation of Didymus. It has also been good to welcome two new Trustees, Ben Weston-Conway and Anton Ozornin, who bring new skills and experience.
I would like to thank the Trustees for all their work and support during the past year including a number of visits to our grant recipients. We are also very grateful to our Grants Officer, Kathryn Kendall who has significantly helped us in our development in the past year.
The Revd Dr Daphne Green
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DIDYMUS CIO
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 1ST DECEMBER 2025
The trustees present their report with the financial statements of the charity for the year ended 1st December 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the CIO are such general charitable purposes for the benefit of the public as the charity trustees from time to time in their discretion think fit.
The Didymus Capital fund was established by donation of cash and shares in 2014. The trustees have the power to spend or retain both capital and income and so the capital fund is classed as an expendable endowment. The fund's objects are to retain sufficient capital to provide an income for the CIO to make grants as they see fit.
Grantmaking
Didymus is a small charity which supports organisations delivering high quality, creative projects, which widen access to and participation in the arts in Greater London and Yorkshire.
ACHIEVEMENTS AND PERFORMANCE Fundraising activities
Grants given
During the year grants of £115,027 (2024 £92,000) were paid to beneficiaries, with new grant commitments of £89,301 being made over the next three years.
Grant List 2025
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Charity Amount Date Paid
Twisting Ducks Theatre Company Ltd £ 10,000 03/12/2024
Young Peoples Puppet Theatre £ 10,000 03/12/2024
Young Urban Arts Foundation £ 10,000 03/12/2024
Ballet Lorent £ 5,500 05/12/2024
Synergy Theatre Project £ 10,000 18/12/2024
Operasonic £ 10,000 12/02/2025
Tutti Frutti Productions £ 10,000 25/02/2025
Bees For Development £ 10,000 14/03/2025
Hope Into Action £ 10,000 20/03/2025
Corali Dance Company £ 10,000 04/07/2025
Richard Shepherd Music Foundation £ 9,527 11/07/2025
Dance United Yorkshire CIO £ 10,000 06/10/2025
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FINANCIAL REVIEW
Reserves policy
Reserves are held by the charity in order to be invested to provide income for grants and administration, and if required to be used to meet future grant obligations
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a constitution of a Charitable Incorporated Organisation.
Recruitment and appointment of new trustees
Apart from the first charity trustees, every trustee shall be appointed by resolution of the trustees passed at a properly convened meeting of the charity trustees for the following terms
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1 Any trustee who is a family member shall serve in office indefinitely
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2 Any trustee who is not a family member shall serve in office for a term of three years.
In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.
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DIDYMUS CIO
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 1ST DECEMBER 2025
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1152432
Principal address
47 Iverna Gardens London W8 6TW
Trustees
The Rev Dr D M Green Mr A H Wall (resigned 28.9.25) Mrs H N Wall (resigned 28.9.25) Ms C E C Cummins Mr B J G Weston-Conway (appointed 28.6.25) Mr A Ozornin (appointed 28.6.25)
Independent Examiner
Cresswells 12 Market Street Hebden Bridge West Yorkshire HX7 6AD
Approved by order of the board of trustees on 8th July 2026 and signed on its behalf by:
The Rev Dr D M Green - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DIDYMUS CIO
Independent examiner's report to the trustees of Didymus CIO
I report to the charity trustees on my examination of the accounts of Didymus CIO (the Trust) for the year ended 1st December 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mr J Dakin
Cresswells 12 Market Street Hebden Bridge West Yorkshire HX7 6AD
8th July 2026
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DIDYMUS CIO
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 1ST DECEMBER 2025
| Notes INCOME AND ENDOWMENTS FROM Investment income 2 EXPENDITURE ON Raising funds 3 Charitable activities General Other Total Net gains/(losses) on investments NET INCOME/(EXPENDITURE) Transfers between funds 9 Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ - - 89,301 12,072 101,373 - (101,373) 101,373 - - - |
Endowment fund £ 109,610 16,696 - - 16,696 137,567 230,481 (101,373) 129,108 3,467,403 3,596,511 |
2025 Total funds £ 109,610 16,696 89,301 12,072 118,069 137,567 129,108 - 129,108 3,467,403 3,596,511 |
2024 Total funds £ 126,393 15,026 162,000 11,496 188,522 (825,466) (887,595) - (887,595) 4,354,998 3,467,403 |
|---|---|---|---|---|
The notes form part of these financial statements
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DIDYMUS CIO
BALANCE SHEET 1ST DECEMBER 2025
| Notes FIXED ASSETS Investments 6 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 8 NET ASSETS FUNDS 9 Endowment funds TOTAL FUNDS |
Unrestricted fund £ - 182,834 (112,834) 70,000 70,000 (70,000) - |
Endowment fund £ 3,505,986 90,525 - 90,525 3,596,511 - 3,596,511 |
2025 Total funds £ 3,505,986 273,359 (112,834) 160,525 3,666,511 (70,000) 3,596,511 3,596,511 3,596,511 |
2024 Total funds £ 3,308,593 365,810 (107,000) 258,810 3,567,403 (100,000) 3,467,403 3,467,403 3,467,403 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 8th July 2026 and were signed on its behalf by:
The Rev Dr D M Green - Trustee
The notes form part of these financial statements
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DIDYMUS CIO
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1ST DECEMBER 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
| Dividend income Other investment income |
2025 £ 86,705 22,905 109,610 |
2024 £ 108,784 17,609 126,393 |
|---|---|---|
continued...
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DIDYMUS CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 1ST DECEMBER 2025
3. RAISING FUNDS
| Investment management costs | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Portfolio management | 16,696 | 15,026 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 1st December 2025 nor for the year ended 1st December 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 1st December 2025 nor for the year ended 1st December 2024.
5.
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Endowment fund fund £ £ INCOME AND ENDOWMENTS FROM Investment income - 126,393 EXPENDITURE ON Raising funds - 15,026 Charitable activities General 162,000 - Other 11,496 - Total 173,496 15,026 Net gains/(losses) on investments - (825,466) NET INCOME/(EXPENDITURE) (173,496) (714,099) Transfers between funds 173,496 (173,496) Net movement in funds - (887,595) RECONCILIATION OF FUNDS Total funds brought forward - 4,354,998 TOTAL FUNDS CARRIED FORWARD - 3,467,403 |
Total funds £ 126,393 15,026 162,000 11,496 188,522 (825,466) (887,595) - (887,595) 4,354,998 3,467,403 |
|---|---|
continued...
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DIDYMUS CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 1ST DECEMBER 2025
6. FIXED ASSET INVESTMENTS
| MARKET VALUE At 2nd December 2024 Additions Disposals Revaluations At 1st December 2025 NET BOOK VALUE At 1st December 2025 At 1st December 2024 There were no investment assets outside the UK. 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 £ Other creditors 112,834 8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2025 £ Other creditors 70,000 9. MOVEMENT IN FUNDS Net Transfers At movement between 2.12.24 in funds funds £ £ £ Unrestricted funds General fund - (101,373) 101,373 Endowment funds Capital fund 3,467,403 230,481 (101,373) TOTAL FUNDS 3,467,403 129,108 - |
Listed investment £ 3,308,593 466,490 (426,734) 157,637 3,505,986 3,505,986 3,308,593 2024 £ 107,000 2024 £ 100,000 At 1.12.25 £ - 3,596,511 3,596,511 |
|---|---|
continued...
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DIDYMUS CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 1ST DECEMBER 2025
9. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming Resources Gains and resources expended losses £ £ £ Unrestricted funds General fund - (101,373) - Endowment funds Capital fund 109,610 (16,696) 137,567 TOTAL FUNDS 109,610 (118,069) 137,567 Comparatives for movement in funds Net Transfers At movement between 2.12.23 in funds funds £ £ £ Unrestricted funds General fund - (173,496) 173,496 Endowment funds Capital fund 4,354,998 (714,099) (173,496) TOTAL FUNDS 4,354,998 (887,595) - Comparative net movement in funds, included in the above are as follows: Incoming Resources Gains and resources expended losses £ £ £ Unrestricted funds General fund - (173,496) - Endowment funds Capital fund 126,393 (15,026) (825,466) TOTAL FUNDS 126,393 (188,522) (825,466) |
Movement in funds £ (101,373) 230,481 129,108 At 1.12.24 £ - 3,467,403 3,467,403 Movement in funds £ (173,496) (714,099) (887,595) |
|---|---|
continued...
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DIDYMUS CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 1ST DECEMBER 2025
9. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Endowment funds Capital fund TOTAL FUNDS |
At 2.12.23 £ - 4,354,998 4,354,998 |
Net movement in funds £ (274,869) (483,618) (758,487) |
Transfers between funds £ 274,869 (274,869) - |
At 1.12.25 £ - 3,596,511 3,596,511 |
|---|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Endowment funds Capital fund TOTAL FUNDS |
Incoming resources £ - 236,003 236,003 |
Resources expended £ (274,869) (31,722) (306,591) |
Gains and losses £ - (687,899) (687,899) |
Movement in funds £ (274,869) (483,618) (758,487) |
|---|---|---|---|---|
The Didymus Capital fund was established by donation of cash and shares in 2014. The trustees have the power to spend or retain both capital and income and so the capital fund is classed as an expendable endowment. The fund's objects are to retain sufficient capital to provide an income for the CIO to make grants as they see fit.
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 1st December 2025.
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DIDYMUS CIO
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 1ST DECEMBER 2025
| INCOME AND ENDOWMENTS Investment income Dividend income Other investment income Total incoming resources EXPENDITURE Investment management costs Portfolio management Charitable activities Grants to institutions Support costs Governance costs Accountancy and legal fees Computer costs Admin expenses Total resources expended Net expenditure before gains and losses Realised recognised gains and losses Net gains/losses f a inve Net income/(expenditure) |
2025 £ 86,705 22,905 109,610 109,610 16,696 89,301 3,120 1,281 7,671 12,072 118,069 (8,459) 137,567 129,108 |
2024 £ 108,784 17,609 126,393 126,393 15,026 162,000 1,500 518 9,478 11,496 188,522 (62,129) (825,466) (887,595) |
|---|---|---|
This page does not form part of the statutory financial statements
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