Charily Registration No. 1172795 TRUSTEES OF THE WILLIAM & FRANCES DOBIE CHARITABLE FOUNDATION TRUSTEES, REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025
TRUSTEES OF THE WILLIAM & FRANCES DOBIE CHARITABLE FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr J Parkin Mr C Mccolgan Mr C G Platts Charity number 1172795 Independent examlner PKF Smilh Cooper Limited 7 Compton Street Ashbourne Derbyshire DE61BX United Kingdom
TRUSTEES OF THE WILLIAM & FRANCES DOBIE CHARITABLE FOUNDATION CONTENTS Page Trustees, report Slalemenl of Trustees, responsibilities Independent examiner's report statement of financial actlvities Balance sheet Note5 to the accounts
TRUSTEES OF THE WILLIAM & FRANCES DOBIE CHARITABLE FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2025 The trustees present their report and accounts for the year ended 5 April 2025. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the foundation's constitution. 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 a registered charity, 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 constitution stales that apart from the first charity trustees, every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. In selecling individuals for appointment as charity trustees, the charily trustees musl have regard to the skills, knowledge and experience needed for the effective administration of the CIO. There are to be a minimum of 3 Irustees. but no maximum. The executors were first charily trustees and appointed for 4, 3, and 2 years respectively. The CIO has power to do anything which is calculated to further its object or is conduclve or Incidental to doing so. All trustees give their time voluntarily and received no remuneration or other benefits. The Irustees have assessed the major risks to whlch the foundation is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. Objectlves and activities The foundation's objects are to further such exclusively charitable purposes for the public benefit according to the law of England and Wales as the charity trustees shall in their absolute discretion detemiine by Ihe provision of grants. The policies adopted in furtherance of these objects are to support those charitable bodies which Dr and Mrs Dobie supported during their lifetime and the has been no change in these during the year. The aim of the foundation is to provide financial support exclusively to charitable organisations throughout the country. There are no set criteria but the target is to assist charitable bodies that Dr and Mrs Dobie supported during their lifetime. The Iruslees have paid due regard to guidance issued by Ihe Chartty Commission in deciding what aciivities 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 Ihe general public. Activities of the foundation during the year comprised of assisting students at Royal Northern College of Music and Durham Universily by way of scholarship funds. The foundation also assisted Buxion Churches with grfts lotalling £13,750 for renovations for wider Ghuich & public. Grants tend to be single payments and will vary in size, but can 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 2025 The trustees are effectively volunteers carrying out their duties for the foundation. Achievements and performance The benefits of the foundation's work are to support charitable organisalions through the country. During the year. the main beneficiaries of the charity have been Durham University and the Royal Northern College of Music through assisting students. Grants were made to Buxton Churches to assist with renovations for wider church and public. Flnancial revlew During the year ended 5 April 2025 a total of £54,580 was generated from the long term investments 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 oul lo Ihe beneficiaries of the foundation in the year. After loss on disposals of shareholdings wilhin Ihe investment portfolio of £19,935 In the year, the market value of the portfolio at 5 April 2025 is £171,979 more than the book value. Grants totalling £48.750 were paKI out by the foundalion during Ihe year ended 5 April 2025. Income lax 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 reserves held at 5April 2025 is £109.611. Long term investments produce the income to top up the cash reserves. Total long term investments held at 5 April 2025 had a book cost of £1.501.056 with a market value of £1,672.066. On behalf of the board of trustees Mr C Mccolgan JsI,41
TRUSTEES OF THE WILLIAM & FRANCES DOBIE CHARITABLE FOUNDATION STATEMENT OF TRUSTEES. RESPONSIBILITIES The Irustees 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 Iruslees 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 suilable accounting policies and then apply them consistently; obseNe the methods and principles in the Charities SORP: make judgements and estimates that are reasonable and prudent. stale 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 presume that the charity will continue in operation. The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the foundation and enable them to ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of Ihe trust deed. They are also responsible for safeguarding the assets of the charity and hence 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 2025, whith are set oul on pages 5 to 8. Respective responsibilities of trustees and examiner The foundation's trustees 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 Acl) and that an independent examination is needed. It is my responsibility to: examine the accounts under section 145 ofthe 2011 Act-, (ill to follow the procedures laid down in the general Directions given by the Charity Commission under section 145{5){b) of the 2011 Act- and (lil) 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 ac¢ounting re¢ords kept by Ihe foundation and a comparison of the a¢counts presented with those records. 11 also includes ¢onsideralion of any unusual ilems or disclosures in the accounts. and seeking explanations from you as trustees concerning any such mallers. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as lo whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. Independent examiner's statement In connection with my examination. no matter has come to my attention.. (al which gives me reasonable cause to believe thal in any material respect the requirements.. (i) to keep accounting records in accordance with section 130 of the 2011 Acl; and (li) to prepare accounts which accord with the accounting records and comply with the accounting requirements ofthe 2011 Act- have not been met- or (b) lo which, in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached. PKF Smilh Cooper Lirnited 7 Compton Street Ashbourne Derbyshire DE6 1BX United Kingdom Dated..
TRUSTEES OF THE WILLIAM & FRANCES DOBIE CHARITABLE FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025 Unrestricled Endowment funds funds Total 2025 Total 2024 Notes Incomin resources Irom Investment income enerated funds 59,697 59,697 54.206 Resources ex ended Charitable actlvltles Grants paid out 48,750 48,750 59,000 Governance costs 18,282 18,282 21,273 Total resources expended 67,032 67,032 80,273 Net outgolng resources {7,335) 17,335) (26.067> other recognlsed galns and losses Unrealised gainsl(losses) on investment assets (Lossesygains on investment assets {5,128) (19,935) (5,1281 {19,9351 62.044 (4.379) Net movement in funds (32,398) (32.398) 31.598 Fund balances at 6 April 2024 1,009 1,808,506 1,809,515 1,777,917 Fund balances at 5 Aprll 2025 (31,389) 1,808,506 1,777,117 1,809,515
TRUSTEES OF THE WILLIAM & FRANCES DOBIE CHARITABLE FOUNDATION BALANCE SHEET ASAT5APRIL 2025 2026 2024 Nolo• Current assgts Investments Cash at bank and in hand 1,672,066 109,611 1,780,847 32,890 1.781,677 1.813,737 Credltorn: amounts falllng duo wlthln one yaar 14,660) {4.222) Total as8ets1oss currnnt Ilabllltles 1,777.117 1,809,515 Capltal fund• Endowment fund8 1,808,606 1,808,506 Income funds Unr88trlcled funds Unreslrlcted Income lunds Revaluation reserve (26,261) 15,128) (81,035) 62.044 131,389) 1,009 1,777,117 1,809,515 The accoun18 were approved by the Trustees on ......................... Mr J Parkln Mr C Mccolgan Mr C G Pl8tt8
TRUSTEES OF THE WILLIAM & FRANCES DOBIE CHARITABLE FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025 Accounting policies 1.1 Basis of preparation The accounts have been prepared under the historirAI Cost convention. The accounts have been prepared in accordance with the Charities Act 2011 and 'Accounling and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their aGcounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)° (as amended for accounting periods commencing from 1 January 2016). The foundation is a Public Benefit Entity as defined by FRS 102. The charity ha5 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 2025 2024 Income from listed investments Interest receivable 55,305 4,392 53.834 372 59,697 54,206 Total resourGes expended 2025 2024 Charitable activities Grants aid out AGtivities undertaken directly 48,750 59,000 Governance costs 18,282 21,273 67,032 80.273 Trustees None of the trustees (or any persons connected wrth 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 2025 Credltors: amounts falllng due within one year 2025 2024 Accruals 4,560 4,222 Analysls of net assets between funds Unrestricted Endowmenl funds funds Total Fund balances at 5 April 2025 are represented by: Current assets Creditors.. amounts falling due within one year (26,829) {4,560) 1,808.506 1,781,677 (4,560) (31.389) 1,808.506 1,777,117 Unrealised gains included above: On tangible lixed assets (5,128) (5,128) (5,128) (5,128) Reconcllialion of movements In unrealised gains Net gains on revaluations in year (5,128) (5,128) Unrealised gains at 5 April 2025 (5.128) (5,128}