Registered charity number 1160919
The James and Deirdre Dyson Trust
Trustees, report, Independent Examiner's
Report and the Financial Statements for the
year ended 31 December 2024
Unaudited

The James and Deirdre Dyson Trust
Contents
Reference and administrative details
Trustees, report for the year ended 31 December 2024
Independent Examinerfs Report
Receipts and Payments Account for the year ended 31 December 2024
Statement of Assets and Liabilities as at 31 December 2024

The James and Deirdre Dyson Trust
Reference and administrative details
Registered charity name
The James and Deirdre Dyson Trust
Charity number
1160919
Registered address
Tetbury Hill
Malmesbury
Wiltshire
United Kingdom
SN16 ORP
Trustees
Sir J Dyson
Lady D Dyson
Weybourne Corporate Trustee Limited
{appointed 20.08.2024)
Trust manager
Juliet Charman
Bankers
Lloyds Bank plc
55 Corn Street
Bristol
BS1 1HT
EFG Private Bank
Leconfiel¢J House
Curzon Street
London
W1J 5JB
Independent Examiner
Crowe U.K. LLP
Chartered Accountants
4th Floor
St James House
St James Square
Cheltenham
GLSO JVK

The James and Deirdre Dyson Trust
Trustees, report for the year ended 31 December 2024
The Trustees present their report and financial statements ofThe James and Deirdre Dyson Trust ('the
Trust" "the Charity.) for the year ended 31 December 2024. The accounts are prepared under the
receipts and payments basis.
Reference and administrative detalls
Reference and administrative details are shown on page 1.
The James and Deirdre Dyson Trust is a charity registered with the Charity Commission (registration
number 1160919).
Structure, governance and management
Governing document
The Trust is govemed by its trust deed dated 28 January 2015.
Govemance of the Trust
The year under review is the lenth operating and financial year of the Trust during which the Trustees
met to review the Trust's policies and pr0￿dUreS.
Administrative support is provided by The James Dyson Foundation. Financial and accounting support
is provided by Weybourne Limited.
Recruitment and training of Trustees
Trustees are appointed by a resolution of the existing Twstees. New Trustees are appointed to provide
the skills identified as being necessary for the good governance of the Trust. The Trustees are aware
of their responsibilitie5 under charity law and have the Charity Govemance Code available to review. It
is made available to any newly appointed Trustees as well. The James Dyson Foundation team assess
the Code and where the Trust is against it as part of their support for running the Trust.
Risk management
In light of the governance guidance contained wtthin the Charities Governance Code, the Trustees, in
the course of their meetings, review the major strategic. business and operational risks to which the
Trust is exposed.
Systems have been established to mitigate those risks and procedures implemented to minimise any
potential impact on the Trust should any of those risks materialise. The principal risks include:
Loss of key benefactors;
The Trust has sufficient reserves to fund planned activities. Funding is reviewed fully before
commilting to any new donation.
Reputational damage;
The James and Deirdre Dyson Trust team work closely with the Dyson communication5 team,
Weybourne leadership and a charty lawyer, ensuring Charity Commission guidance is followed
on all projects.
Loss of confidential Infomiation",
The James and Deirdre Dyson Trust is fully supported by theweyboume ITteam, and therefore
benefits from the same cyber security policies and procedures.
Fraudulent activity;
The James and Deirdre Dyson Trust is fully supported by the Weybourne finance team, and
therefore benefits from the same financial controls and securities such as segmentation of
duties and formal delegated authority protocols.

The James and Deirdre Dyson Trust
Trustees, report for the year ended 31 December 2024
(continued)
Financial risk management
Price risk
Price risk is negligible as financial instruments are limited to cash and cash equivalents.
Credit risk
Credit risk on amounts owed to the Trust is low, as its principal source of funds is donations from the
Trustees.
Liquidity risk
The Trust matches commitments to its creditors with the expected timing of cash receipts in respect of
donations from its trustees. The trustees have undertaken to provide funds to the Trust to meet its
liquidity requirements.
Interest rate and cash now risk
The Trust places surplus funds on short temi deposit wth EFG and Lloyds Bank.
Objectives and activities
The Trustees confirm that they have complied with their duty in Section 17 of the Charities Act 2011 to
have due regard to public benefit guidance published by the Charity Commission for England and
Wales.
The principal objects of the Trust are to advan￿ charitable purposes as the Trustees see fit, in particular
but not limited to..
education, both relating to engineering and generally;
health-
arts, culture. heritage or science: and
amateur sport.
The Trust carries out these objectives by providing donations and gifts.
Grant making policy
Grants are determing.d hy the Trustees in accordance with the objects of the Trust. Applications for
grants are considered by the Trustees in line with the Trust's objectives.
Achievements and performance
The Trust made donations in the year of £334.494 (2023.. £160,206)
This included a number of significant donations. £300,000 to Cure EB and £17,094 tu P(qldiS de Tokyo.
Financial review
Thc receipts and payments a¢¢ount for the period is set out on page G. Income ft)I the year wtl
£247,20412023: £215,661). The Trust's main source of income is. and is expected to remain, interest
received from cash deposits.
The Trust charitable activities totalled £334,494 (2023.. £216,034} and paid overheads of£2,151 (2023..
£1,935).
The Trust ended the year with £4,586,446 (2023: £4,675.8871 cash available for use in future period5.

The James and Deirdre Dyson Trust
Trustees. report for the year ended 31 December 2024
(continued)
Related party transactions
Administrative support is provided by The James Dyson Foundation. Financial and accounting support
is provided by Weybourne Limited.
Sir James Dyson has the controlling share of Weybourne Limtled and is a trustee of The James
Dyson Foundation.
The Trust purchased £Nil (2023.. £Nil) of goods from Dyson James Group Limited at cost. Sir James
Dyson. a Trustee of the Trust. is the 96.3% beneficial owner of Dyson James Group Limited.
The Trust purchased £Nil (2023.. £Nil} of goods at cost from Deirdre Dyson Carpets Limited for donation
to Gresham's School_ Lady Deirdre Dyson, a Trustee of the Trust, is the beneficial owner of Deirdre
Dyson Carpets Limited
The Trust made donations to Gresham's School £Nil (2023.. £Nil). Sir James Dyson is a member of the
Board of Governors of Gresham's School.
Investment powers, policy & perfomiance
The Trust has wide investment powers. Funds are held in cash. in interest-bearing accounts with EFG
and with Lloyds Bank to meet short temi requirements.
Reser4es
The Trust does not receive any donations, grants and other sources of fundraising where restrictions
are imposed that are narrower than the Trust's overall objectives.
The Trustees are confident that the work of the Trust can continue. Future funding will mainly be derived
from direct donations by Sir James and Lady Dyson, and as such the Trustees can ensure continuation.
Plans for future periods
The James and Deirdre Dyson Tnjst will continue to make donations to charities and causes as they
see fit in line with the charity's objectives of education. health, arts. culture. heritage or science and
amateur sport
Signed on behalf of the Trustees
Sir James Dyson
Trustee
Date: Nl 30>5

The James and Deirdre Dyson Trust
Independent examiner's report to the trustees of The James and Deirdre Dyson
Trust
I report to the tnjstees on my examination of the accounts of The James and Deirdre Dyson Trust for
the year ended 31 December 2024 bvhich are set out on pages 6 to 7.
This report is made solely to the chanty's trustees. as a body, in accordance with section 154 of the
Charities Act 2011. My independent examiner's work has been undertaken so that I might state to the
charity s trustees those matters l am required to state lo them in an independent examiner's report
and for no other purpose_ To the fullestextent permitted by law. I do not accept or assume
responsibility to anyone other than the charity. the charity's members as a body and the charity's
trustees as a body for my independent examiner's work. for this report, or for the opinions I have
formed.
Responsibilities and basis of report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance
with the requirements of the Charities Act 2011 ('the 2011 Act,).
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 foll0v￿d all the applicable Directions given by the
Charity Commission under section 145(5)(bl of the 2011 Act.
Independent examinerfs 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."
accounting records were not kept in respect of the Chanty as required by section 130 of the
2011 Act., or
2. the accounts do not accord with those records,. or
3. the accounts do not complywith the applicable requirements concerning the form and content
ofaccounts 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 matter5 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.
Signed..
Dated.. 19 June 2025
Tara Westcott FCCA
Crowe U.K. LLP
Chartered Accountants
4th Floor
st James House
St James Square
Cheltenham
GL50 3PR

The James and Deirdre Dyson Trust
Receipts and Payments Account for the year ended 31
December 2024
For the year ended 31 December 2024
2024
2023
Total Funds Total Funds
Receipts
Donalions
16.539
199.122
Interest received
247,204
247,204
Total Receipts
215,661
Payments
Donations
(334.494)
(160,2061
(55,8281
(1.800)
135
Fundraising events
Professional fees
(2.010)
141
Bank char
es
Total payments
(336,645)
{217,969}
Net payments
(89,441)
(2,308)
Reconciliation of funds:
Total cash funds I funds
brou
ht forward at 1 Janua
4.675,887
4,678,195
Total cash funds I funds
carried forward at 31
December
4,586,446
4,675,887
All receipts and payments were made to and from unrestricted funds.

RÈgistÈrÈd charlty numbÈr 1160919
The James and Deirdre Dyson Trust
Statement of Assets and Liabilities as at 31 December 2024
2024
2023
Assets
Debtors
Cash Funds
4.586,446
4,675,887
Total Assets
4.586,446
4,670,887
Liabilitie5
Accruals
2,154
2,154
2,010
(2,010)
Total Liabilitie5
These accounts were approved by the irusiees and are signed on ihelr tsehair by..
Sir James Dy50n
Trustee
iked: 17 J