Charity Registration No. 1172795 TRUSTEES OF THE WILLIAM & FRANCES DOBIE CHARITABLE FOUNDATION TRUSTEES, REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2024
TRUSTEES OF THE WILLIAM & FRANCES DOBIE CHARITABLE FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr J Parkin Mr C Mccolgan Mr C G Platt& Charlty number 1172795 Independent examiner PKF Smith Cooper Limited 7 Compton Street Ashbourne Derbyshire DE6 1BX United Kingdom
TRUSTEES OF THE WILLIAM & FRANCES DOBIE CHARITABLE FOUNDATION CONTENTS Page Trustees, report statement of Trustees, responsibilities Independent examiner's report statement of financial activities Balance sheet Notes to the accounts
TRUSTEES OF THE WILLIAM & FRANCES DOBIE CHARITABLE FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2024 The trustees present their report and accounts for the year ended 5 April 2024. The accounts have been prepared in accordance with the accounting policies set Olrt in note 1 to the accounts and comply with the foundation's constrtution, the Charities Act 2011 and the Statement of Recommended Practice, "Accounting and Reporting by Charities" issued in March 2005. structure, governance and management The foundation was established by a Charitable Incorporated Organisation Constitution on 27 April 2017 and is registered charily, number 1172795. The trustees who served during the year were also the first charity trustees and were reappointed on 27 April 2020. These were.. Mr J Parkin Mr C Mccolgan Mr C G Platts The conslilution states that apart from the first charY trustees. every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting ofthe charity trustees. In selecting individuals for appoinlment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO. There are to be a minimum of 3 trustees, but no maximum. The executors were first charity trustees and appointed for 4. 3, and 2 years respectively. The CIO has power to do anyihing which Is calculated to further its obJe¢t or is conducive or incidental to doing so. All trustees give their lime voluntarily and received no remuneration or other benefits. The trustees have assessed the major risks to lch the foundation is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. Objectives and activities The foundation's objects are to further such exclusively charitable purposes for the public benefit according lo the law of England and Wales as the charity trustees shall in their absolute discretion determine by the provision of grants. The policies adopted in furtherance of these objects are to support those charitable bodies which Or and Mrs Dobie supported durin9 their lifetime and there has been no change in these during the year. The aim of the foundation is to provrde financial support exclusively to charitable organisations throughout the country. There are no set criteria but the larget is to assist charitable bodies that Dr and Mrs Dobie supported during their lifetime. The trustees have paid due regard to guidan issued by the Charsty Commission in deciding what activities the foundation should undertake. The provision of grants for general charitable purposes, education and training, the advancement of health, religious activities, and the arts and sciences for the young. old, disabled, and the general public. Activities of the foundation during the year comprised of assisting students at Royal Northern College of Music and Newcastle University by way of scholarship funds. The foundation also assisted Buxton Churches with gifts totalling £27,500 for reriovations for wider church & publi Grants tend to be single payments and Y11 vary in size, but Gan be wide ranging e.g. scholarships. bursaries, as well as for general purposes.
TRUSTEES OF THE WILLIAM & FRANCES DOBIE CHARITABLE FOUNDATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 The trustees are effectNely volunteers carrying out their duties for the foundation. Achievement5 and performance The benefits of the foundation's work ale to support charitable organisations through the country. During the year, the main beneficiaries of the charity have been Newcastle University and the Royal Northern College of Music through the provision of scholarship funds. Gifts totalling £27,500 were made to Buxton Churches to assist with renovations for wider church and public. Financlal revlew During the year ended 5 April 2024 a total of £52.108 was generated from the long term inveslments held by the foundation, comprising of an investment portfolio via Evelyn Partners Discretionary Investments Management Limited. The return on these investments has not been enough to cover the grants paid out to the beneficiaries of the foundation in the year. After loss on disposals of shareholdings within the investmenl portfolio of £4,379 in the year, the market value of the portfolio at 5 April 2024 is £178,754 more than the book value. Grants totalling £59,000 were paid out by the foundation during the year ended 5 April 2024. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Cash reserves are held to pay out grants. The total value of cash reseNes held at 5 April 2024 is £32,890. Long term investments produce the income to top up the cash reserves. Total long term investments held at 5 April 2024 had a book cost of£1,603,436 wth a market value of£1.780,848. On behalf of the board of trustees Mr C Mccolgan Dated.. .1¢
TRUSTEES OF THE WILLIAM & FRANCES DOBIE CHARITABLE FOUNDATION STATEMENT OF TRUSTEES. RESPONSIBILITIES The trustees are responsible for preparing the Trustees, Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the tnjstees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the foundation and of the incoming resources and application of resources of the foundation for that year. In preparing these accounts, the trustees are required to.. select suitable accounting policies and then apply them consistently: observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent. state whether applicable accounting standards have been followed. subject to any material departures disclosed and explained in the accounts., and prepare the accounts on the going concern basis unless it is inappropriate to piesume that the charrty will continue in operation. The trustees are responsible for keeping sufficient accounting records that disclose wth reasonable accuracy al any lime the financial position of the foundalion and enable them to ensure that the accounts comply with Ihe Charities Act 2011, the Charity (Accounts and Reports) Regulations 2c8 and Ihe provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hen¢e for taking reasonable steps for the prevention and detection of fraud and other Irregularities.
TRUSTEES OF THE WILLIAM & FRANCES DOBIE CHARITABLE FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TRUSTEES OF THE WILLIAM & FRANCES DOBIE CHARITABLE FOUNDATION I report on the accounts of the foundation for the year ended 5 April 2024. vthich are set out on pages 5 to 8. Respective responsibilitles of trustees and examiner The foundation's Iruslees are responsible for the preparation of the accounts. The foundation's trustees consider that an audit is not required for this year under section 144{2) of the Charities Act 2011 (the 2011 Act) and that an independenl examination is needed. It is my responslbility to.. examine the accounts under section 145 of the 2011 Act. lill to follow the procedures laid down in the general Directions given by the Charity Commission under section 145{5llbl of the 2011 Act: and lili) to state whether particular matters have come to my attention. Basls of Independent examlner's report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting re¢ords kept by the foundation and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view and the report is limited to those matters set out in the slatement below. Independent examlner's statement In connection with my examinalion, no matter has come to my altention.. la) which gives me reasonable cause to believe that in any material respect the requirements: lil to keep accounting records in ac¢ordance with section 130 of the 2011 Act,. and lil) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act., have not been met,. or Ibl to which, in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached. PKF Smith Cooper Limited 7 Compton Street Ashbourne Derbyshire DE61BX Uniled Kingdom Dated..
TRUSTEES OF THE WILLIAM & FRANCES DOBIE CHARITABLE FOUNDATION STATEMENT OF FINANCIALACTIVITIES FOR THE YEAR ENDED 5APRIL 2024 Unrestricted Endowment funds funds Total 2024 Total 2023 Notes Incomin resources from Investment income enerated funds 54,206 54,206 51,016 Resources ex ended Charitable activities Grants paid out 59.000 59,000 81,500 Governance costs 21,273 21,273 25,552 Total resources expended 80,273 80,273 107,052 Net outgolng resources {26.067) {26,067) (56,0361 other recognised gains and losses Unrealised gainsl{lossesl on investment assets (Lossesllgains on investment assets 62,044 14,379) 62,044 14,379) 115,368 17,291 Net movement in funds 31,598 31,598 76,623 Fund balances at 6 April 2023 130,589) 1,808,506 1,777,917 1,701,294 Fund balances at 5 April 2024 1,009 1,808,506 1,809,515 1,777,917
TRUSTEES OF THE WILLIAM & FRANCES DOBIE CHARITABLE FOUNDATION BALANCE SHEET AS AT 5 APRIL 2024 2024 2023 Not•• Curront a•8•t8 Inv8Stments Cash at bank and In hand 1,780,847 32,890 1,742,263 39,613 1,813.737 1,781,878 Cr•dltor8: amounty falllng du• wfthln on• y•ar 14,2221 (3,969) Total as••ts l••s ourr•nt IIAbllltl•s 1.809,61 1,777,917 C4pltAI lund8 Endowment funds 1,808,606 1,808.506 In¢om• lunds Unrestrlcted funds Unrestricted income funds Revaluation reserve 161,036) 62,044 (145,957) 115,368 1,009 (30,589) 1,BOg,616 1,777,917 Mr J Parkln Mr C Mccolgan Mr C G Plattf
TRUSTEES OF THE WILLIAM & FRANCES DOBIE CHARITABLE FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5APRIL 2024 Accou nting policies 1.1 Basis of preparation The accounts have been prepared under the hBtorical cost convention. The accounls have been prepared in accordance wrth the Charities Act 2011 and 'Accounting and Reporting by Charities.. Statement of Recommended Practi applicable to Charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 1021, las amended for accounting periods commencing from 1 January 2016). The foundation is a Public Benefrt Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. Investment Income 2024 2023 Income from listed investments Interest receivable 53,834 372 50,841 175 54,206 51,016 Total resources expended 2024 2023 Charltable activltles Grants aid out Aclivities undertaken directly 59,000 81,500 Governance Gosts 21,273 25,552 80,273 107,052 Trustees None of the trustees lor any persons connected wth them) received any remuneration or reimbursed expenses during the year. Employees There were no employees during the year.
TRUSTEES OF THE WILLIAM & FRANCES DOBIE CHARITABLE FOUNDATION NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Creditors: amounts falllng due within one year 2024 2023 Accruals 4.222 3,959 Analysis of net assets betw&n funds Unrestricted Endowrnent funds funds Total Fund balances at 5 April 2024 are represented by- Current assets Creditors.. amounts falling due within one year 5,231 {4,222) 1,808,506 1,813,737 14,222) 1,009 1,808,506 1,809,515 Reconciliation of movements in unrealised gains Net gains on revaluations in year 62,044 62,044 Unrealised gains at 5 April 2024 62,044 62,044