Reglstered Charity number 1160919 The James and Deirdre Dyson Trust Trustees, report and financial statements for the year ended 31 December 2021
The James and Deirdre Dyson Trust Annual report and financial statements for the year ended 31 December 2021 Contents Trustees. ¢Jire¢tots. Office arKI a(fvisors Trustees, report for the year ended 31 December2021 Independent auditorfs report to the ffthbers of The James and Deirdre Dyson Trust SLitemenl of financral activibes Balance sheet Slalement of cash flows 10 Notes to the financial stslements for the year ended 31 DKember 2Q1
The James and Deirdre Dyson Trust Trustees. directors. officers and advisors Registergd charlty name The James and Deirdre Dyson Trust Charity number 1160919 Registered address Tetbury Hill Malmesbury Willshire United Kingdom SN16 ORP Trustees Sir J Dyson Lady D Dyson Weyboume Corporate Trustees Ltd Trust manager Lydia Beaton Independent auditor Crowe U.K LLP ststutory Audrtor 4" Floor St James House Sl James Square Chellenham GL50 3PR Bankers Lloyds Bank plc S5 Com Street Brislol BS1 1HT EFG Privale Bank Leconfield House Curzon Street London W1J 5JB
The James and Deirdre Dyson Trust Trustees, report for the year ended 31 December 2021 The Trustees present Iheir report and financial stateff£nts of The James and Deirdre Dys¢)n Truslllhe Trusf,"Ihe Chanty.) for the year ended 31 Dernber 2021. Reference and administrative details Reference and administrative delails are Shown in the schedule of Trustees. ¢)ffi¢ers and advisors on page1. The financial statements are prepared in acwdance th Accounting and Reporting by Charities: Statement of Rec¢)mmended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applieable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191- (Charities SORP IFRS 102)). the Financial Reporting Standard applicable in the UK and Republi¢ of Irefand IFRS 102) and the Charibes A¢t 2011. The James and Deirdre Dyson Trust is a charity Wistered wth the Charity Ccthmission Iregislration number 11609191. Structurep governance and management Govemlng document The Trust is governed by its trust deed dated 28 January 2015. Governance of the Trust The year under review is the sevenlh operating and aeeounting period of the Trust during which the Trustees met to review the Trust's Fol¢cies and prccedures. Administrative support is provKled by The James DY> Foundalion. Financial and accounting support 15 provided by Weyboume Limf(ed. Recruitment and training of Trustees Trustees are appointed by a SOlutIOn ofthe esting Trustees. New Trustees are appointed lo provide the skilL8 identified as being necessary for the good govemance of the Trust. The Trustees are aware of their responsibilities under charity law and have the Charity Governance Code available to review.11 is made available to any newly appointed Trustees aswell. The James Dyson Foundation leam assess the Code and where the Trust is against itas part of theirsupport for running the Trust. An inlemal audit of the Trust is planned for summer 2022. Risk management In light of the govemance 9uidance conlained within the Charities Governare Code. the Trustees. in the course of their meetings. review the major stralegic. business and operntional risks to whi¢h the Trust is exposed. In prewous years the activities of the Tw5t have been of lativelY small value and an informal approach has been taken. A5 a result of the donation lo Gresham's the Trustees have pul together a fomial register which is revithved and maintsined by Ihe Trustees on regular tAsis.
The James and Deirdre Dyson Trust Trustees, report for the year ended 31 December 2021 (continued) Systems have been established lo mitigate those risks and procedures implemented lo minimise any potential impact on the Trust should any of those risks maleriali$e. The principal risks include.. Loss of key benefactors: The Trust has sufficient reserves to fiJnd planned a¢tivities. Funding is reviewed fully befo committing lo any new donation. Reputatlonal damage: The James and Deirdre Dyson Trusl team work closety with the Dyson communications team, Weybourne leadership and a charity lawyer. ensuring Charity Commission guidance is followed on all projects. Loss of confidential information; The James and Deirdre Dyson Trust is fulty supported by the Weyboume ITteam. and therefore benefits from the same cyber security policies and procedures. Fraudulent activity. The James and Deirdre Dyson Trust is fulty supported by the Weyboume finance team, and therefore benefils from the same financial eonlrols and seeulllies such as segmenl81ion of duties and formal delegated authority protocds. Flnanclal risk management Price risk Price risk is negligible as financk41 inslrumenls are limited lo cash and cash equivalents. Credlt rlsk Credit risk on amounts owed lo the Trust is as its principal source of funds is donations from the Trustees. Liquidity risk The Trust matches commitments lo ils credttors with the expected timing of cash receipts in fespecl of donalions from ils trustees. The trustees have undertaken lo provide funds lo the Trust lo meet ils liquidity requirements. Interest rate and cash now risk The Trust places surplus lunds on short temi deposit with EFG and Lloyds Bank. Objectlves and actlvities The Truslees confimi that they have complied with their duty in Section 17 of the Charities Act 201110 have due regard to public benefit guidance published by the Charity Commission for England and Wales. The principal objects oflhe Trust areto advance charitable purposes as the Trnslees see fil, in particular but not limiled to.. education. both relating lo engineering and generally.. health- arts. culture. heritsge or science- and amateur sport. The Trust carries out these objectives by prov11ng donat$ and gifts. Grant making policy Grants are delemiined by the Trustees in accordance wlh the objeels of the Trust. Applications for grants are considered by the Trustees in line with the Trusl's ¢)bjectives.
The James and Deirdre Dyson Trust Trustees, report for the year ended 31 December 2021 (continued) Achlevements and performance The Trust made donations lotalling £68,991 in theyear12020.. £450.875). £22,850 ofthis was in respect of the Trust's health objectives", £46,141 was in resped of the Trust's arts, cutture, heritage or s¢ien¢e. Education and Sport objectwes. In 2020 the Trust made a grant lo Gre$ham's School of £18.75m of which £12.348,629 was paid in 2021. The Gresh8m's prciect was completed in 2021. The James and Deirdre Oyson Trust has also made a numberofsvJnifKantdonations in 2021. including to Cure E81£14.gSOI and Screw Cancer {£5.750). Flnancial review and results for the year ended 31 Decernber JJ21 The slalement of financial aclNilies for the period is set out on page 8 of the finan¢ial slalements. In¢ome for the year were £58,28612020'. £22.987.862). The Trusvs main source of income is. and is exp&led to remain. donalions from the Trustees. Overheads. which comprised support Costs totalled £23.60912020: £36,442). Investmentpowers. policy & perfom7ance The Tntst has wide investment powets. Funds are held in cash. in interest4>earing accounts with EFG and with Lloyds Bank lo meet short tern requirements. Reserves The Trust does not receive any donations. grants and other souros of fundrdising where restrictions are imposed that are narrower than the Trust's overall objectives. Reserves are maintained al a level sufficient lo fund commitrnenls for the following twefve months and this is reviewed annually. Future furKling will be wholty derived from direct donalions by Sir James and Lady Dyson. and as such the Trustees can ensure continuation. The Tnjstees have revie4¥ed the impact of the Cowd-19 pandemic and are confident Ihal the WO of the Trust can continue and thal despite the current circumstance the Trustees believe Ihat the charity's financial resources arKf contingency planning is SulfRent to ensure the ability of the charity lo continue a5 2 going concem for the foreseeable future. being al teast tsyelve months from the dale of approval of these financial statements and therefore have prepared the finanoal statements on a going concem bas. The Trust ended the year with £4.896,159 12020: £17.278.181) eash available to spend in fvture periods. At year end the Tr¥JsYs )UnIS show available funds of £4.892.68312020.' £4.926.997). Plans for future perlods The James and Drdle Dyson Trust will continue to make donatNJns to charities and causes as they see ff( in line with the ¢harty's objectNes of ¢alp)n, health, arts, culture. herita9e or science and amateur sport. The Trustees will attend the offla1 openin9 of the Dyson STEAM building at Gresham's School in July 2022.
The James and Deirdre Dyson Trust Trustees, report for the year ended 31 December 2021 (continued) Objectlves and activities for the public benefit The Trustees confim that they have complied with their duty in Sectn 17 of the Charities Act 201110 have due regard lo Publ benefit guidan published by the Charity Commission for England and Wales. The objectives of the Tfust a lo advance education, toth relating to education and generally, lo support medical and scientific research. and lo promote the provision of faciltties in the interest of social and community welfare and amateur sport. The Trust carries out these objeclNes by.. providing grants {by way of donations and gifts) lo edueation and training projects, science and medical research. and Sla1 and communty welfare. By focusing on these areas the Trustees achieve their strategic prioribes of education. training and research. The Charity had no fundraising activities requiring disclosure under S162A of the Charities Act. Trustees. responsibilities statèment The Truslees are responsible for preparing the Trustees. Annual Report and the financial slalemenls in accordance with applieable law and Unile(l Kingdom Generally A¢PIed AOnting Practice (United Kingdom Accounting Standards). The law applicable lo chafilies in England and Wales requires the Truslee5 to prepare financial statements for each financial year which give a Ifue and fair view of the slate of affairs ol Ihe charity and oflhe income and expendilure of Ihe charity for that period. In preparing these finanaal stalemenls. the Trustees are required to". select suitable accounting polictes and then apply them nsistentty. observe the methods and principles in the Charilies SORP.. make judgements and estimates that are reasonable and Prudent.. slate whether applicable accounting standards have been followed. subject to any material departures disclosed and explained in the financial statements- prepare the financtal statements on the going concern basis unless rt is inappropriate to presume that the eharity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain the charity's transactions. disclose with reasonabte aeeuracy al any lime the financial position of the charity and enable Ihem lo ensure Ihat the financial statements compfy with the Charrties Act 2011, the Charities IAccounls and Reports) Regulations and the provisions of the charity's conslilulion. They are also responsible for safeguarding the assets ol the charity and hence for laking reasonable steps for the prevention and detects.on of fraud and other itreyuL8rities.
The James and Deirdre Dyson Trust Trustees, report for the year ended 31 December 2021 {continued) Audltor Crowe U.K LLP were reappointed as auditors urKler section 487{2} of the Companies Act 2006. Each of the persons who 1$ a Tru$lee at the dale of approval of this report confirms thatr. so far as each Trustee is a•vare. there is rewdnt audit 1nfonrt1on of which the Charity's auditor i% unaware- and each Trustee has tsken all steps that Ihey oughl to have tsken as a Trustee to make themself aware of any relevanl audit infom7at and to establish that the Chartys audrior is aware of that informalp)n. This report has been prepared in accordaKe with the Statement of Recommended Practice - Accounting and Reporting by Charities and in accordance with the SFecial provisions of the Crynpanies Act 2006 relating to small entrties. Signed on behalf of the Trustees Sir James Dyson Trustee Dale.. 24&
Independent examiner's report to the trustees of The James and Deirdre Dyson Trust I report lo the Iruslees on my examination of the accoun15 of The James and Deirdie Dyson Trust for the yeai ended 31 December 2021 which are set out on pages 8 to 19. This ffjp¢M is made solety lo the chanty's trustees. as a LKJy. in a¢¢ordance Mlh seLtion 154 of the Charities A¢t 2011. My independent examinerfs work has been uThlertaken $0 that I might state lo the harity's Iruslees those matters l am required lo sL3te to them in an independent examinerfs report and for no other purpose. To the fuuesl extent perrnrtied by I, I do not accept or assume responsibility lo anyone other than the chanty. the charity's members as a bYY and the charity's Iwslees as a body for my independent examinerfs work. for this report. or for the opinions I have fomed. Responslbllltles and basls of report As the charity Iruslees of the Trusl you are responsible for the preparation of the account$ in accordance with the requirements of the Charitses Act 2011 {llhe Aet'i. I report in respect of my examinion of the Trust's accounts carried out under section 145 oflhe 2011 Ad arKI in carrying out my examination I have foll¢>wed all the aPpIable DI¢110n5 given by the Charity Commiss1n under section 145(5llb) of the ACL Indepgndent examiner's statèmont I have completed my examinaiion. I confinn Ihat no material matters have ¢LYne to my attenlK>n in connection with the examination giving me cause to believe Ihat in any material fespect.. counting rttord$ were not kept in respect of the Trust as required by section 130 of Ihe Act: or 2. the acecnts do not accord Wbth those Tecords.. or 3. the accounts do not eompty with the apICabFe requirements conceming the fomi and conlenl of acunIS sel out in Ihe Chanties (Accounts and Reports) Reguktions 2008 other than any requirement thai the accounts give a 'tn5e and fair view, whKh is not a matter consthred as part of an independent examination. I have no concerns and have come across no other matters in cOnneCtn wilh the examination to which attention should be drawn in this repyl in order k> enable a proper understanding of accounts to be reached. Tara westlt FCCA Cfowe U.K. LLP 4th Floor Sl James House Sl James Square Cheltenham Gloucestershire GL50 3PR 22 July 2022
The James and Deirdre Dyson Trust Statement of financial activities (incorporating the income and expenditure account) For the year endod 31 De¢ember 2021 Unrestricted 2021 2020 funds Total Funds Total Fund$ Income from: Donations 21.902 21,902 22.863.625 124,237 58,286 22.987.862 Investments 58.286 Expendituro on: Chalilable actiVe$ 4&5 600 (91600} 192,600) 1487.317} Net Ideflcltlllncome 134,314) {34.314) 22,500.$45 Reconciliation of funds: Total fundslldeficitl bffjught forward at 1 Janua 11 17 S73 548 Total funds carried forward at 31 December 4.892.683 4.892 683 4.926,997 The notes on page$ 11 to 19 fom) part ofthese financial Staternts.
The James and Deirdre Dyson Trust Balance sheet 2021 2021 2020 2020 As at 31 DeCeMr 2021 Note Current assets Debtors 1.253 4.896 159 6,325 17.278,181 Cash al bank and in hand Total current assets 4,897.412 17,284,506 Creditors.. amounts falling due within one ear 10 12 118379 Net current assots 4,892,683 5,166,127 Credltors: amounts falling due after more than one ear 10 239,130 Net assets 4,892.683 4,926,997 The funds ofthe charty Unresliicted funds 11&12 4 892 683 4.926,997 Total chari funds 4.892.683 4.926,997 The notes on pages 1110 19 fomi part of these financial statements. These financial statements have been prepared in accor(lanee Finanual Reporting Standard 102. These financial slalements wefe approved by the Trustees and aulhorised for issue on24 and are signed on their behalf by.. Sir James Dyson Trustee
The James and Deirdre Dyson Trust Statement of cash flows For the year ended 31 December 2021 2021 2020 Note Cash flows from operatlng actlvltles: Net cash used in operatlng actlvllles (12.418A06) 16,821.348 Cash flows from investing activities: DNidentJs and interest from investmenls 124,237 124,237 Net cash rovlded Investment activities Change in cash and cash equivalents in the ortin eriod 12382022 16 945,585 Cash and ¢a$h equbvalents at the beginning of the eiioJ 17278 181 Cash and cash uivalents at thg end of the 4.896.159 17.278.181 The notes on pages 11 to 19 form part of these finarKo1 stalwnents. A. Reconciliation of net income to net &ish from operating activities 2021 2020 Nolg Net Ideficitylncome for the reporting period Adjustments for: Dividends and intewt from investrnenls (34,3141 22.500.545 (36.3841 5.072 12.3S2.780 12418406 {124,237) 16,1171 5.548.843 Decr¢asel{In¢reasel in debtors Decrease in creditors Net cash used enerated In o ratin activiligs 16821348 10
The James and Deirdre Dyson Trust Notes to the financial statements for the year ended 31 December 2021 1. Accounting Policies Charity Inforynatlon The James and Deirdre Dyson Trust is an unincorporated charity registered with the Charity Commission {regislered number 11609191. The address of its registered office is Telbury Hill. Malmesbury, Willshire. SN16 ORP. 8asis of accounting These financial slalemenls have been prepared in accordance with Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republ of Ireland {FRS 1021 leffeclive l January 2019 - (Charilies SORP IFRS 10211, Ihe Financial Reporting Standard applicable in the UK and Republic of IreL8nd IFRS 1021 Companies Act 2006 and Charities Act 2011. The Trust meets the definrtion of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise slated in the relevant accounting policies. Going concern After making enquiries. the Trustees have a reasonable expectalion that the Charity has adequale resources lo continue tts activities for the foreseeable (uture and there are no material uncertainties aboLtI the Charity's ability to continue. Accordingty, they continue to adopt the going concern basis in preparing Ihe finanual slalemenls as outlined in the Trustees. responsibililies statement on page 5. The Trust's fixed costs are not significant and as a general polw significant reserves are not maintained. since reguL4r funding is provided by direct donations from Sir James and Lady Dyson. The Trustees do not Consider the Covid-19 pandemic to have had any significant impact on the Charity's operalion as future funding will be wholly deiNed from direct donalions by the Sir James and Lady Dyson. and as such the Trustees can ensure conlinualion. The Twsl also has sufficient tunds lo meet rts commitments for the next 12 months from the date of approval of these financial slalemenl5. Income from donatlons Donations are fecognised on reipt. Donated seTrices and gocKls have been recognised at their fair value lo the Trust al the point of donation. Income from Investments Investment ineome 15 credited to the statement of financial adivrties in the year in which il is re¢eivable. Resources expended All expenditure is accounted for on an accwals basis and ha5 been classified under headings that aggregate all c0515 related lo the category. Where costs cannot be diredy attributed lo particular headings they have been allocated to actwilies on a basis consistent with use of the resources. Charltable actlvltles Costs in furtherance of eharitable activities inelude those costs in¢urr&J in the direet perfom)anee of objects ol the Trust laid down in the governing dUmenL 11
The James and Deirdre Dyson Trust Notes to the financial statements for the year ended 31 December 2021 (continued) 1. Accounting Policies (continued) Grants payable Grants payable are calculated for in full as liabilities of Ihe charity after bein9 approved by the Trustees. communited to the third paty and when ary cOnditKS indud&l in the grant have been completed. regardless of the timing of cash flows. Support costs Support costs eomprise the direct costs attributable to tharitsble acbvities and an appropriate apportionment of indirect costs. Support costs are all¢xaled to act[lieS based on an estimate of lime spent on each activity. Governance costs included wlhin support eosls include expenditure on administration of the charity lo ensure compliance with constilutional and $talury requirements. Irrecoverable VAT Any irrecoverable VAT is charged to the Stalement of Financial Actw&ies. Debtors Accrued income is recognised al Ihe setuement amounL Cash and cash equivalgnts Cash is represented by cash in hand arKJ deposits with financial institutions. Credltoys Credi(ors are reccgnised where the Twsl has a present cknligalion fesulting from a past event that will probabty result in the transfer of funds to a third party and the amount due to settle the obligation tsn be measured or estimated reliab. Creditots are normalty recognised at their setuement amount after allowing for any trade discounts due. Financlal instruments The Trust onty has financial assets and financial 1klleS of a kind that qualfy as bast financial inslrumenls. Basic financial instruments are initi.alty recognised at tranSn vae and subsequenty measured al their settlement value. Slgnlficant estlmates and Judgements In the pparatIOn of these financial statements managemenl has. rf required to make significant jud9ements or estimates. used Ihe fairvalue al the point of the donatvJn. The value ofgocAs purchased from Dyson James GTOUP Limrted have been uplifted from cost lo retsil value. Liabililies afe reccgnised as soon as there is a legal or constructive obligation committing the charity to the expenditure. The Gresham's grant is deerrtd to be a ¢strUCtive obligal)n and therefore the mmilment was recognised in full in 2019. Fund accounting General funds are unrestricted funds which a available for use at the diseretion of the Trustees in furtherance of the general objectives of the Tntst and which have nol been designated for other purposes. Investment incorne and gains are allocated to the appropriate fund. 12
The James and Deirdre Dyson Trust Notes to the financial statements for the year ended 31 December 2021 {continued) 2. Comparative statement of financial activities Unrestricted funds 2020 Total Incomg from: Donations 22,863.625 22,863.625 124.237 Investments 124.237 22.987,862 22.987,862 Expendlture on- Charitable activities 487.317 Net income 22,500,545 22,500,545 Total funds brought fomard al 1 Janua 2020 17,573,548 17573548 Total funds carried forward at 31 December 2020 4.926.997 4 926 997 3. Donations 2021 2020 Unrestricted funds Total funds Total Funds Donations Trustees 18.290.900 COorate donations HMRC GiftAid 21.902 21.902 4.572.725 21,902 21.902 22.863.625 13
The James and Deirdre Dyson Trust Notes to the financial statements for the year ended 31 December 2021 (continued) 4. Costs of charitable activities by activity type Grant fundin9 activities 2021 Totsl funds 2020 Total funds Support costs Gresham's Projecl Arts. Culture. Heritage and Science. Education. Sport Healthcare 23.583 23,583 36,296 46.141 22,850 13 46.154 11,523 13 439.498 68,991 23.609 92.600 487.317 Support Costs 2021 2020 Professional Fees 22,231 70 29,175 667 General administration costs Govemance costs". Auditor remuneratic 6,600 36,442 Support eosts are allocated lo xtivities based on an estimate of time spent on each activty. During the year no Trustee5 received emolumerts or reimbursement of expenses from the Trust12020'. £nil). 14
The James and Deirdre Dyson Trust Notes to the financial statements for the year ended 31 December 2021 (continued) 5. Grant funding activities Arts, Culture. Heritage and Sclence. Education. Sport 2021 2020 Vacuum cleaners for charity fvndraising Les Amis du Palais de Tokyo Giesham's Schcol 21,902 17.851 3.838 1,000 500 SMITF Appeal The Jubilee Sailing Trust The William Budd End¢)wmenl Fund 500 Sheringham FC Bath Mozart Fest 250 200 Hospitality Adion The BuTha Star Memorial Fund 100 10,000 500 Balheaston Village Hall The Passage World Sports The Holboume Museum 100 100 550 Olher donations 200 46,141 11,450 Hgalthcare 2021 2020 Cure EB 14.950 5,750 1.150 1.000 433,625 Screw Cancer Oorothy House CCLG INick Worboys Charity) Bob Champion Cancer Tnjsl Maggie's Cancer cenlres Naomi House and Jack's plaeÈ 5.000 500 200 100 22.850 439,425 There were no donations and grants paid lo individualsduring the year ended 31 December 202112020.. 15
The James and Deirdre Dyson Trust Notes to the financial statements for the year ended 31 December 2021 (continued) 6. Staff Staff costs are £nil (2020.. £nil) AdminislratNe support is promded by The James Dyson Foundation. Financtal and accounting support is provided by Weyboume Limrted. No costs for d¢)nated semces has been included in the financial statements as these a deemed to be unmaterial. 7. Net income for the year This is staled after charging: 2021 2020 Audilorfs remuneration for audit services 1,090 5.500 8. Taxation The Trust is a registered charity. and as such is entstled to certain lax exemptions on InMe and proff( from investments, and surpluses on any trading actmties carried on in furtherance of the Trusvs primary objectives. if these profits and $pIUseS are applEd solety for ¢hari&Ie purpose The Trust is not registered for VAT and according, al of ts expendttur8 recorded inclusive of any VAT incurred. 9. Debtors 2021 2020 Accrued Income 1.253 6,235 16
The James and Deirdre Dyson Trust Notes to the financial statements for the year ended 31 December 2021 (continued) 10. Creditors 2021 2020 Amounts falling due within one year. Trade Creditors 2,280 2.280 Accruals for grants owed to Gresham's Other accruals 12,109,499 6.600 4.729 12,118,379 Amounts falling due after more than one year. Accruals for rants owed lo Gresham's 239,130 4.729 12,357,509 Reconcillation of grants owed to Gresham's.. 2020 Amounts falling due wlhin one year Amounts f811in due after more than one ear 12.109,499 Tol81 due as at 31 D&ember 2020 12.348.629 2021 Amunls aid durin 2021 Total owin a5 al 31 December 2021 17
The James and Deirdre Dyson Trust Notes to the financial statements for the year ended 31 December 2021 (continued) 11. Funds Current year Ai 1 January 2021 At 31 December 2021 Incthne Expenditure Unrestricted funds General Funds 58,286 58.286 92,600 4,892.683 4.296.997 4.892.683 Al 1 January 2020 At 310e¢ember 2020 Prfor year Ino3me Expendilure Unrestrlcted funds General fijnds 4 926 997 17.573.548 22.987.862 4 926.997 12. Analysis of net assets between funds Current year Net Currenl Non4urrent Assets liabilities Total Unrestricted fvnds 4 897412 4 892 683 Totsl funds 4 897.412 4.729 4,892 683 Prlor year Net Current Non<urrent liabilitie5 Total Unrestricted funds S.380.203 453.206 4.926,997 Totsl funds 5 380 203 4 926 997 18
The James and Deirdre Dyson Trust Notes to the financial statements for the year ended 31 December 2021 (continued) 13. Related party transactions Administrative support is provided by The James Dyson Found*Kin. Financial and accounting support is provided by Weyboume Limited. Sir James Dyson has the controlliThJ share of Weyboume Limited and is a trustee ofThe James Dyson Foundation. The Trnsl purchased £21,90212020.. £nil} ofgoods from Dyson James Group Limited at CQSt. Sir James Oyson, a Trustee of the Trust. is the 96.3% beneficral ¢)wner of [son James Group Limited. Sir James Dyson is a member of the Board of Govemors of Gresham's. 19