REGISTERED CHARiff NUMBER.. 117977? R•port ol the Trustee$ and Fln•n¢hl Slat•m•nts tor the Ye•r Effided 31 March 2024 Ken D•dd Charftable F•undatlon Xeinadin Audit Limited 176 Duke Street Liverpool England Ll 5JW K•n Charltable Foundall•n Conl•n15 of the ￿NancI*l Statem*n¢$ for Ihe Y••r Ended 31 March 2D24 Pay• R•l•r•Thc• •nd Adrnini$lritiv• D•lalls R•porl ol th• Tr￿1•13 R•porl ol th• Ind•p•nd•Tht Auditors Stal•m•nl •f Flnanclal ActMtI•s B•lanc• Sh••t 10 Cash Flow Stat•m•nt N•l•s to th• Cash Flow Stht•ment 12 Notes to the Flnandal StalMnml* 13 10 20 Det•ll•d Stat¢m*nl of Flnandal 21 Dodd Charllable F•und•lS•n R•hr•nc• and Adminislratl¥• D•tail* l•r lh• Year End•d 31 Marckn ZOZ4 TrUSTEES Lady S A Dodd Mr J S Lewis MBE Mr P Vaines PRINCIPAL ADDRESS Barri51ers Chamber5 3 Field Court Grays Inn London WCIR SEP REGISTERED CHARrrY NUMBER 7179779 INDEPENDENT AUDITORS Xeinadin Audit Limited 116 Duke Slreet Liverpool England Ll 5JW BANKERS National Weslminster Bank plc 509 Prescoi Road Old Swan Liverpool L13 3BZ Investèc Wealth & Investment Lld The Plaza 100 Old Hall Streel Liverpool L3 9AB Page I K¢h Dodd C￿ri14￿1* Ffjundali•n R•port of th• Trnstwl f•r the Y•ar End•d 31 Mar¢th 2024 The trustees present their annual report and financial stalements of the Charily for thp year ended 31 March 2024. The releren¢e and administrative information set out on page I forms part of this report. The finanual slalemenls have been prepared in accordance with the accounting policles Sel out in note I to the accounts and comply with the Charity's trust deed . Ihe Charities Act 2011 and Accounting and Rgporting by Charities: Stat•menl ol Recommended Practice applicable to charilies preparing their accounts in accordance wilh Ihe Financial Reporting Standard applicable in the UK and Republic ol Ireland (FRS 1021 elleclive l January 2019. OBJECTVIES AND AcnvmES Obl•cli¥•s and alms The purposes of the charity are to advance the education of the public in Ihe performing arts to further the development of the public appreciation and understanding of performing arts by Ihe support and encour•gernent of the work ol young artists . to provide lor Ihe relief of poverly ol persons in the Uniled Kingdom and elsewhere who are in condit40ns of need . hardship or distress by reason ol their so¢ial or economir circumstance5 by providing advice and linancial assistance lo those in need and to provide financial assislance to any other exclu5Nely charitable orBanisation. In shaping our aims and objedives . in planning fulure activities, and settiny the grant making policy for the year the Iruslees conlirm that they have referred lo the Charity Commi55i0n's yuidance on public benefit including Ihe guidance 'public benefit .' running a charity (PB21 ' Thp charily further5 115 charitabl• purposes for the public benefil through 115 grant making pulicy. The principal activities of the ¢harity in the period under review were Ihe investment of funds and the provision of grants. ACHIEVEMENT AND PERFORMANCE Charilabl• actIvI￿•S The charity continuès to invest funds to enable future grant$ to b• paid The charily 1$ extremely proud of Ils achievements and progress to date The trustees continue to revi•w and approve suitable and Jppropriate granl applicalions to enable thecharity lo continue with its wor FINANCIAL REVIEW FlnaN¢lal p•$ition The re5u115 lor the year and financial PD511ion of the charity are a5 shown in Ihe annexed financial statements . The harily'5 ability lo make lurlher gront5 15 rpliant on income and return5 from it5 inve51menls. Grants tolalling £490.366 were paid during thp year The value of the in¥e51men15 held increè5ed by £677.514 during the year and income of £498.509 wa5 generaled by the inve51menl5. INVEsfMENT POUCY The charitys investment managers Ilnveslec Wealth & Managem•nl Ltd l are instructed lo invesl lo maximise the returns Vllthin the constrain15 of a medium risk profile over the long-l•rm investmenl time horizon ol over ID years. RESERVES POLICY AND GQING CONCERN The Iruslees aim lo mainlain Iree reserves in unrestricled funds at a level which is dèsigned to meet approved grant applications and governance costs Total reserves at 31 March 2024 amountèd lo £13.180.114 of which É416.169 were unrestricted. Givèn the level ol assets held . thè Irustees considèr that thère are no material uncèrtainties about thè charitls ability to conlinue as a going concern The mosl significant areas of uncerlainty Ihat allèct the ¢arrying value ol assets held by the charity are the level of investment return and the pèrforman¢e of investment markets. Page 2 Ken Dodd Charfl•bl• F•undalhn Rep•rt •1 Ihe Trustees r th• Y•ar End•d 31 Ilar¢h 2024 PLANS FOR THE FUTURE Ken Dodd Charitable Foundation is a lasling testimony lo the generosily and charitable concerns of the late Sir Kenneth Arthur Dodd OBE and his wife Lady Sybil Anne Dodd . The trustees anticipate continuing to make charilable gran15 that meet Ihe objeclives for whith the charity was estabtished. srRUCTURE GOVERNANCE AND MANAGEMENT Gov•rning docum•nt The organisalion is a charitable tr•Jst , •stablish•d on 29 May 2013 and registered as a charity on 3 September 2018. The trust was established by an initial gift trom Sir K•nneth Arthur Dodd OBE in 2013 . Since his death . his eslale and his beloved wife Lady Sybil Anne Dodd have made subslanlial gifts lo the charity . The charity is governed by the policies made from lime time by the trustee5 together with the terms of its Tru51 Deed which sel out the objects and powers of the Charity. The trustees who mel al re9ular intervals to lorniulate policy and decisions during the year including the arrangemenls and criteria for consideration and approval of 9rants . were Lady Sybil Anne Oodd . Mr Peter Vaines and Mr John Stephen Lewis MBE .The procedures for the appointment . retirement and removal ol trustees are sel out in the Trust Deèd. Th• trustees seek to ensure that the needs of the grant recipients are appropriately reflecl*d Ihrougll the di¥erslly of th• Iru51pe body and Ihe recruitment of appropriat¥ rndividuals to the board The truslees are familiar wilh Ihe practical work of the Charity and are ?n¢uuraged to altend re9ular leedback and updale sessions All truslpe5 are encourayed to allpnd appropriate exlernal training events where these will la¢ilital* the underlaking Df Iheir role. RELATED PARTIES None of the trvslees receive remungralion or olh•r financ•al benefit from their p05ilions a5 Iru5tee5 01 the charity and any contractual relationship wilh a related parly must be disclosed to the board of Iruslees. In th• curr•nl year no such related parly Iransactions were reported. RISK MANAGEMENT The truslees hav• a risk management Strate￿ which compri5•5 an annual r8viaw of the principal risks and uncertainties Ihal the charity face5 and the establishment of policies sy51em5 and procedure5 to miligal• thos risks identilied in the review. The principal risks laced by the charity lie in the perforniance of investmenls ineffectivè grant making and Ihe capacity ol Ihe charity to makè èllective grants The trusleès consider variability of investment rèlurns and changès in value lo constitute the charitls major linancial risk This is m•tigaled by retaining expert investment managers and having a divorsilièd investment portlolbo. The opÈrètional risks from inÈffÈctive grant awards and the capacity to makè effective grants art managed by rètaining IrustÈes of suflicient skill and èxpèrièncè to bè able to assess and monitor applications and grant awards $0 as lo retain locus on the public bènèfit derivèd from the provision ol such grants. During the year , Ihe Russian invasion of Ukraine and un¢ertainlits over inftalion levèls continued lo create a major challenge over investment performance wrth a high Itvtl ot uncertainly for many charilies . The trustees have taken prompt action io monitor lh* charitls position Whilst the impa¢1 of Ihtsè rnallers Cannot be accurately predi¢led and it is not possible to a55ess all possible implicaiioDs lor the chority . based on ass*ssmeniS carried out , the charily believes that it has a financial position ihat will enable il to navigale Ihrough these challenges. TRUSTEES RESPOMSI8ILIIY STATEMENT The trustees are responsible for preparing the Reporl ol the Trusiees ènd the linancial slaiemenis in accordance with applicable law and United Kingdom Accounting Standards Wnited Kingdom Generally Accepted Accounting Practice). Pa9e 3 Ken Dodd Charllable Foundation R•p•rt ol Ihe Trustees for th• Year End•d 31 March 2024 TRUSTEES. RESPONSIBILITY sfATEMENT- ¢on¢lnu•d The law applicaljle to Charities in England and Wales. the Charities Act 2011. Charity (Accounls and Reports) Regulations 20rJ8 and the provisions ol Ihe Irusl deed requires the trustees to prepare financial statements lor each financi31 year which give a true and fair view of the stale of affairs of ihe chanly and of the incoming resources an(J application of resources. including Ihe income and expendilure, of the charity for that period. In preparing those financial slalemenls, the trustees are required to select suilable accounting policies and Ihen apply Ihem consistently.. observe the fnelhods and principles in Ihe Charity SORP., make judgements and estimales that are reasonable and prudent." slate whether applicable accounting standards have been lollowed. subject lo any material departures disclosed and explained in the financial slatemenls- prepare the financial slalemenls on the going concern basis unless il is inappropriate to presume Ihal the charity will continue in business. The tru51ees are responsible for keeping proper accounting records M-hich disclose with reasonable accuracy at any time the financial position of the charity and to enable them lo ensuro that the financial slalements comply with the Charities Acl 2011, Ihe Charily (Accounts and Rèporls) Regulations 2008 and the provisions of the trust deed. They aro also responsible lor safeguarding the assets of the charity and hence for taking reasonable Steps for the prevention and delEclion of Iraud and other irregularities. Approved by order ol the board ol tru51ees on and signed on 115 behalf by-. Lady S A Dodd - Trustee Page 4 R•pDrl of lh• Ind•p•nd•nl Auditor5 to th• Trus1••% of K•n Oodd cknar1tab￿ Foundatlon Oplnlon We have audited the financial statements of Ken Oodd Charilable Founrt. We are independent of the charity in accordance with the elhical requirements that are relevant to our audit Df the lirwncial 51atemenls in the UK, including Ihp FRC'S Elhi¢al Standard. and we have fullilled our other ethical responsibilitie5 in accordance wilh these requirernent5. We believ? that Ihp audil evidence we have oblain•d 15 5ufficignl and appropriat• lo provid• a ba515 lor our opiniDIb. Conclusoons r•lallng to golng conc•rn In auditing the linancial slalemenls. we have concluded Ihat the trustee5' Use of Ihe going cDncprn basis ol accounling in the preparalion ol the financial statements is appropriate. Based on the work we have pèrtormèd. we have nol identih'ed any malerial uncerlainlies relating to even15 or conditions Ihat, individually or collectively. may cast significant doubt on the charitys ability to continu8 a5 a going concern for a period ot at loast Iwelve months Irom when Ihe h'nancial stalements ar• authorised for issue. Our responsibililits and the r•sponsibilities of the trustees wilh respect to 90ing concern are describod in the relevant se¢iions ol this report. Oth•r Informatlon The Irustees are responsible for the other Fnforniation. The othèr inlornialion comprises the intorrnation inclvded in the Annual Report. other than the finan¢ial slalemenls and our Rèpart of thè Indepèndènt Auditors thereon. Our opinion on the financial statemenis does not cover the other inlormaliofi and, except lo the extent otherwise explicitly stated in our report. we do nol express any form ol assurah¢e conclvsion thereon. In connection with our audit of the financial statements, our rtsponsibibly is to read the other inlormalion and. in doing so. consider whether the other informalion is mateiially inctsnsistent with the finan¢ial statemenls or our knowlèdge obtained in Ihe audil or otherwise appears to be materiaLly mis51aled. If we idenlify such material inconsislen¢iès or apparent material mi5Stalements, we are required to determine whether thi5 gives risp to a malerlal misstatement in thè financial statements themselves. If. based on the work we have performed, we conclude that there is a material misstatemenl of this olher information. we are required to report that lacl. We have nolhing to report in this regard. Mallers on whi¢h we are re4ulred lo report by •xc•ptlon We have nothing to report in respect of the following matters where the Charities (Accounts and R•port5) Re9ulalion5 2008 requires us to report lo you if. in our opinion.. the informalion given in the Report of thè Trustees is inconsislent in any material re5P•Ct wilh th• linancial slalemenls., or sufficient accounting records have nol been k*pC' or the financial slalement5 are not in agreement with thè accounting rècords and returns- or we have not received all the information and explanations WÈ require for our audit. Page 5 R•port DI th• Ind•p•nd•nl Audilors to th• Tru51••5 Of K•n Dadd Charitabh Foundalityn R•$pon•lblllll•$ of Irys¢••$ A5 explained more fully in the Trusleeg Responsibilities Stalement. the trustees are responsible for the preparation of the financial 51atemenls which give a Irue and lair view. and lor such internal control as the Irustèes determine is necessary to enable the prpparation of financial slatements that are free Irom material misstatemenl. wheiher due to Iraud or error. In preparing th• financial slatemenls. the trusiees are responsiblè for assessing thè charitls ability to continuè as a going concern. disclosing. as applicable, matters related lo yoing concern and using thè going concern basis of ccounling unless the trustees either intend lo liquidate the charity or lo ceasè operations, or have no realistic allernalive bul lo do so. Pa9e 6 R•port of th• Ind•p•nrf•nt Authtors to th• Trust••> ol K•n Dodd Charitabl• Foundatlon Our r•4)onslbHJtl•s lor lh• audit ol th• financi•l st•l•m•Thts Wè have been appoinled as auditors under Section 144 of the Charities Act 2011 and report in accurdancp with the Act and relèvant regulations made or having elfect thereunder. Our objectives arè to obtain reasonable assurance aboul whether the financial slalpmen15 as a whole are free Irom material misslalement. whether due to fraud or error. and lo issue a Report of the Indop?ndenl Auditors thal includes our opinion. Reasonable assurancè is a high level ol assurance, bul is not a 9uaranlee that an audit conducted in accordance wilh ISAS IUKI will always dètect a material misslalèmenl when it exists. Misstatements can arise Irom fraud or error and arè cortsidered material if. individually or in the aggregale. they could reasonably bo expected to influence Ihe economic decisions ol users takén on thè basis ol these financial slalements. The exlent lo which our pro¢edures are capable of detecting irregvlarities. includin9 fraud is detailed below: In identifying and assessing risks of material misstatement in resped of irreguL4rities. including fraud arbd non-compliance with laws and regulalions, our procedures included the lollowing: We enquired of management and those charged wilh gov•rnanc•. which included oblaining and revlewing supporting documentalion. concerning Ihe charity's policie5 and procedure5 relating tu." Identifying. evaluating, and complying with Laws and regulations and wh•lher they were aware of any inslances ol non-compliance.. Detecting and responding to the risks of Iraud and whether they hav• knOw￿d9• of any aclual, suspe¢led, or alleged fraud.. The internal controls estabknshed lo miligate risks related to fraud or non-compliance with laws and regulation5. We inspected the minutes ol meetings ol those charged with governance. We obtained an understanding of the legal and regulatory framework Ihat the charily operat•s in. focusing on those laws and regulalions that had a malèrial èffect on the financial statemenls or that had a fundamental eflecl on the operations ol Ihe Charity from our prolèssional and sector experiencè. We communicaied appli¢able laws and regulations throughout the audil team and remained alert lo any indications of non-cornpliance throughout thÈ audiL We reviewed any rtporis made to rÈguLators. We reviewed Ihe linancial slalemenl disclosures and tesled th•se to supporting documentation to assess compliance with applicable laws and regulations. We performed analytical procedures lo identify any unusual or unèxpected rèlationships that may indicat• risks of malerial misstatemenl due to fraud. In addressing the risk ol fraud through managemeni Override of controls, wè tèstèd Ihè appropriatènèss ol journal entries and olher adjustments. assessed whether the judgements mode in m•king actourtting Èstimates are indi¢aliYe ol a potential bias and tested significant transactions Ihat ère unvsual or those outside the normal course ol businesg. Because ol thè inherent limilations ol an audit. there is a risk that we will ntsi dete¢l 311 irre9ularities, including those leading lo a matèrial misstalement in the financial stalements or non-compliancè with regulation. This risk increases the more Ihat compliance with a law or reguLation is removed Irom the events and Iran5aCtions reflected In the linancial statemen15, as we will be less likely to become aware of instances ol non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error. as fraud olten involves inlenlional concealment, forgery. collusiorn omission or misrepresentation. A lurlher description of our responsibilities for thè audit of the financial statem•nts is located on th• Financial Reporting Council's website al vdbvw.frc.•rg.uklèuditorsrèsponsibiiities. This description lorms part ol our Report of th& Independenl Audilor5. Page 7 R•port DI th• Ind•p•nd•nl Audilors to th• Trusl••s 01 K•n Dodd charitab￿ Fourmlation Ug• of our r•port Thi5 report 15 made 501ely lo the charitys Iru51ees. as a body. in accordance with Part 4 of the Charitiès (Aceounls and Reports) Regulations 2008. Our audit work has been undertaken so that we mighl stale to Ihe charity's Irustees those maller5 we are required lo stale to them in an auditors. rèport and for no other purposè. To the lullèst èxtenl permilled by law. we do nol accept or assume responsibility to anyone other than the ¢harity and the charity's Iru51ee5 as a body. lor our audit worK for thi5 report. or for the opinions we have lormed. Xeinadin A dil Limited 116 Duke Slreel Liverpool England Ll 5JW Dale.. Pag• 8 K•n Dodd ¢￿111￿ble F•undatlon Stat•m•nl •1 Flnandal Adl¥llles lor th• Y•ar End•d 31 March 2024 31.3.24 Total lunds 31.3.23 Tol81 funds Unrestricled fund Endowmenl fvnd Note5 INCOME AND ENDOWMENTS FROM Donations and legacies 127.858 127.858 38.807 Investment income 498.509 498,509 500,904 Total 626.367 626.367 539,711 EXPENDMJRE ON ChJrltabl• acliviti•s Donation$ 494.836 494.836 482.156 Other 56.966 56.966 61,114 T•tal 494.836 56.966 551,802 543,270 Net gains/(lossèsl on inveslments 677.514 677.514 1882.6701 NET INCOME/IEXPENDrruR 131.531 620.548 752,079 1886.229) RÉCONCILIATrON OF FUNDS Total lunds brought forward 284.638 12.143.397 12.428.035 13.314.264 TOTAL FUNDS CARftIED FORWARD 416.169 11763,945 13.180.114 12,428,035 The note5 form part ol these financial 5tatemen15 Page 9 2124 31124 Total fvnds 31.123 Total lund> UnrKtricl•O Eftdowm•nt fi￿d NDI FNEO ASSEts InveslmeTrls 10 11551.835 1155I835 Il641,966 CURRENT ASSErs D•btor4 Ca9h al bank and In band 20.690 191.420 47.970 584149 63.550 725.879 391729 420.009 212.711 031119 789,429 CREorroRS Amounts lalting du• ￿thIn one year (1840) ,840) (3.360) NEf CURRENT ASSErs 628279 786.069 TOTAL ASSEfs LESS eURftENf LL4MUIIES 416.169 11761945 13.1811,n4 11428,035 ET ASSErs 41&169 r2.763.945 13.10Q114 12,428.035 FUNDS Unr•strOct•d funds Endowm•M fvnds 416.769 11763,945 284.638 11143A97 TOTAL FUNDS 13.180.114 11428,035 The linancial $lal•m•nts w•r• •pwo¥•d by th• Board •lTrust•es and avthorls•d Iw iJsu• on and were signed on its b•hall br. 2p£S. Lady S A Dodd- Trust•• The not•$ lorni part at th•se Irwndal stst•ments Pag•10 K•n Dodd Ch•rI1ab￿ F•undalion Cath Flow Slat•m•nl for lh• Y•ar End•d 31 M•reh 2024 31.3.24 31.3.23 Notes C•sh flows IrDm op•r•tlng adl¥ltl•s Cash g•neraled from operations 147.591 10.080 N•1 cash provid•d by Dperaling activilies 147.591 10.080 Cash flows Irom Inv•sting activiti•$ Purchase ol fixed asset investments Sale of lixed asset investmen15 0.564.875) lJ32.520 0.799.357) 1.762.073 Net cash used in investing adivilies (232,3551 137.284) Cash fiows Irfjm ffnan¢lng •dSvltl•s Expenditure allribulable lo endowment (56,9661 (57,7321 Net cash used in finandng adivilies 156.966} 157,7321 ehangè in cash •nd cash •qufv•l•nls in the reporting p•r5od CJ5kn and cash equl¥al•nts •t lh• b•ginning ol Ihe rep•rtlng p¢rfod 041.7301 184.936) 725.879 810,815 Cash and cash equlvahnls at th• •r*d Of lh• r•portlng p•rlod 584.149 725.879 The notes lorni part of Ihose financial 5talement5 Page11 Keth O•dd charfl•b￿ Foundation Noles to th• Cash Flow Stat•m•nt ft•rlhè Y••r End•d 31 March 2024 RECONCILIATION OF NEf INCOMV(EXPENDmJRP TO NET CASH FLOYI FROM OPERATING ACTivillE5 31.3.24 31.3.23 Nel in¢tsme/(expenditwe) the reporting period (as per th• Sl•l•m•nt of Flmnclai Ac11￿11+$) Adluslm•nls for. IGaininosse5 on inveslments Expenditure attributable to endowment Decreasellincreasel in deblors Increase in creditors 752.079 (886.2291 1677,5141 56,966 15,580 480 882.670 57.732 144,093) N•1 cash provld•d by op•rallons 147,591 10.080 ANALYSIS OF CHANGES IN NEfFUND5 At1.4.23 Cash Ilow At 31.3.24 N•t ¢a$h Cash al bank and in hand 725.879 041,730) 584,149 725.879 1141.730) 584,149 Total 725,879 1141.7301 584,169 The note5 form part of Ihe59 financial slal•m•nls Page 12 K•n l)odd Charll4bl• Found•llon Nol•s lo th• Financial Stal•m•nts for lh• Y••r End•d 31 March 2D24 ACCOUllllNG POLICIES Basis ol pr•parlng lh• financlal slat•m•nls Thè financial stalements of the charity. which is a public benefit entity under FRS 102. have been prepared in accordance with the Charities SORP (FRS 1021 'Accounting and Reporting by Charities.. StatèmÈnl of Rècommended Practice applicable lo Charities preparing thèir accounls in ac¢ordan¢* with the Financial Reporting Standard 4pplirable in the UK and Republic of Ireland {FRS 1021 Iplle¢live l January 2019),. Financial Reporting Standard 102 The Financial Reporting Standard applirable in the UK and Republic of Ireland, and the Charitie5 Acl 2011. The financial 51atempnt5 have been prepared under the historical co51 convenliDn, with tho exception of inve51men15 which are included at market Valve. as modified by the revaluation of certain a55et5. Incom• All income is reco9ni5ed in Ihe Statement ol F•nancial Aclrvilies Dncp thp charity has entitlement lo the funds, il is probable Ihat the income will be received and the amount can be m•asured reliably. Éxp•nditur• Liabilities are recognised as expenditure as soon as Ihere is a legal or constructive obligation committing the charity lo that expenditure. il 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 beèn classilied undèr headings that aggre9ate all cost related to the category. Where cosls cannot be directly altributed to particular headings they have been allocated to activities on a basis consistent with Ihe use of resourcès. Grants offered subie¢l to conditions which have nol been met al the year end dale are Troled as a cDmmilment bul not a¢¢Ned as expendilure. Taxallon Th• rharily is •x•mpt from lax on 115 charitable acti¥rlie5. Fund accounllng Unr•stricl•d lund5 can be used in accordance with lh• charllabl? objoctiV85 al the discr•lion ol the trust••s. Restricted funds can only be used lor particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised lor particular restricted purposes. Further explanation of th• nature and purpos• of each fuThd 1$ included in the notes to Ihe linancial statèments. DONATIONS AND LEGACIES 31.3.24 31.3.23 Donalions Gill aid 101,970 25.888 1,307 37.500 127.858 38,807 Page 13 conlinued.- K•n Dodd Chrllabl• Foundation Not•s to th• Flnanclal Slal•m•nts - continu•d lor th• Y••r End•d 31 Marth Z024 INvE￿ENr INCOME 31.3.24 37.3.23 Invèstmenl income 490.509 500.904 CHARifABLE AcnvillE5 COSTS Granl fvndin9 of a¢livities (￿* note Support C0515 (see note 6) 5) Totals Donations 490.366 4.470 494.836 GRANT5 PAYABLE 31.3.24 31.3.23 Donations 490.366 482.156 SUPPORT cosrs Finance Other Totals Donation5 4.435 35 4.470 7RusfEES' REMU14ERATION AND BENEFirs There were no Iruslees. remuneration or olher beneffts for the year ended 31 March 2024 nor for the year ended 31 Mar¢h 2023. Tru$tee$' *xpentse$ There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 Mar¢h 2023. Page 14 Continued... K•D Dodd Charitabl• Foundation Nol•s to th• Financial Stal•m•nts- cDntlnu•d lor th• Year End•d 31 March 2024 COMPARATIVES FOR THE sfATEMENf OF FINANCIAL ACTIVITIES Unrestricted fund Endowment fund Total fvnds INCOME ANO ENOOWMENfs FROM Donations and legacies 38.807 38.807 Investment income 500.904 500.904 Tolal 539.711 539.711 EXPENDIIURE ON Charltabl• •¢lIvI￿¢S DonaliDns 481156 &82.156 Other 3.382 57,732 61.114 Total 485.538 57,732 543.270 Nel gains/{losses) on investments 1882.670) 1882.6701 NEf INCDMEI(EXPENDmiRE) 54173 1940.Ib021 1886.229) RECONCILIATION OF FUNDS Total fund5 broughl forward 230.465 13.083.799 13,314.264 TOTAL FUNDS CARRED FORWARD 284.638 12,143.397 12.428.035 Page 15 continued. K•n Dodd Chrlt•bl• Foundation N•t•s to th• Financlal Slatem•nts - c•nllnu•d for lh• Y•ar End•d 31 March 2024 GRANTS PAID 31.03.24 31.03.23 Sl John's Church 4th Run¢orn Scout Group Burnley Youth Centre Rice Lane Community Assorialion AF & V Launchpad Limited KIND Liverpool Cathedral Holistic Cancer Centre Liverpool Theatre School Frank Field Foundation Blackpool Museum Trust Royal Court All togèlher now St Lukes Church Widnes Liverpool Hearl S Chest Clinic Knotty Ash Primary School Alder Hey Children's Charily IOM SVG Education Programme Liverpool Women's NHS Foundalion Trust France - Hayhursi Tugboal Rescue The Wingate Special Children's Trust Red Rose Concert Band 2,000 10,000 5,000 20.000 200 2.000 ?s.000 25.OOD 11000 50.000 100,000 114.166 5,000 20,000 50.000 75.000 50,000 75,000 58,438 130,718 50,000 20,000 10,000 10.000 2,DOO 1,000 Total 490.366 482.156 10. FIXED ASSET INVEsfMENYS Listed invèslmènls MARKEfvALUE Al l April 2023 Additions Disposals Revalualions 11141,966 1.564.875 11,332.520) 677,514 Al 31 March 2024 11551,835 NEf BOOK VALUE Al 31 March 2024 12.551.835 Al 31 March 2023 11.641,966 Investments at fair value comprised= Total 8.981,871 3.569.964 12.551.835 UK 3,370,560 3.021.860 6.393.4ZO Overseas 5,611,311 548,104 6.159.415 Equities Fixed interest securities Total Page 16 ¢ontinLted... Ken D•dd Charllable Fowid•tion N•tes l• lh• Fkn•n¢lal Stat•mMts- conliiu•d l•r th• Year End•d 31 March 2024 FIXED AS5Ef INVEsfMENTS- ¢•nllnw•d All investmenls are carried at their fair value The investments are all traded in quoted public mark815 prrmarily the London Stock Exchan9e The basis of fair value for quoted investmen15 15 equivalenl to the market value, using Ihe bid price. The main risk lo the charity Irom financral instruments lies in the coTr*)inalion ol uncertain inveslm•nl mark915 and volalilily in yield Due to 'quantilalive easing. and market sentiment lavouring lower risk inv•slment5 . the yield on bond5 has again been lower than anlicipal•d. Tho charity relies on dividend yield in parl ID linance ils ability lo make grants and this leads lo a greater exposure lo international companies . the value5 of which together with their yield are exposed lo exchange rale risk when converting the holdings into 51erling. Liquidity risk is anlicipaled to be low as all assets are Iraded and the commitment to inteNenlion by central banks and markel regulators has continued lo provide for orderly trading in Ihe markets and so their ability to buy and sell quoted equilies and stock is anlicipated to conlinue. The charity¥ invèstmenls are in traded markets with good liquidity and hi9h trading volumes and the charity has no invèstment holdings in markets subject to exchange controls or Iradin9 reslriclions. The charity manages these invèstmènt risks by relaining expert advisors and operating an inveslment policy Ihat providès for a high dègrèe of diversification of holdin9S Within assèt classès that are quoted on recognised stock ex¢hang•s. Cost or valualion al 31 March 2024 is represented by. Listed Inveslments Valualion in 2024 12.551,835 DEBTORS: AMOUPITS FALLING DUE WITHIM ONE YEAR 31.3.24 31.3.23 Other d•blors Pr•paym•nts and accru•d income 24.828 23.142 37,503 26.047 47.970 63.550 Page17 continued... K•Th Dvdd Charitabl• Ffjthdall•n N•t•s lo th• Fln•n¢i•l Stal•m•nts- ¢onlknu•d for lh• Y•ar Ended 31 Ilar¢h 2024 Iz. CREDrroRS: AMouTr¥fs FALUNG DUE wrrHIN ONE YEAR 31.3.24 31.3.23 Olher creditors 3.840 3.360 MOVEMENf IN FUNOS Net movement in lunds Al 31.3.24 At 1.&23 Unrestrid•d lunds General lund 284.638 131,531 416,169 Enduwmenl fynd$ Inve51menl in¢Dme 12.141397 620,548 12,763.945 TOTAL FUNDS 12.428.035 752,079 13.180.114 Nel movement in fvnds, included in Ihp above are a5 follows- Incom•n9 resources Resources expended Gains and losses Movement in lunds Unr•$trfded lunds General fund 626.367 1494.836) 131.531 Endowmenl lund$ Inve51menl income (56.966) 677,514 620,548 TOTAL FUNDS 626.367 1551.8021 677.514 752,079 Comparaliv•s for mov•m•nt in fuThds Ngt movement in funds Al 31.3.23 At 1.4.22 Unr•$lrl¢t¢d funds General fund 230.465 54.173 284,638 Endowment lunds Inveslmenl in¢ome 13.083,799 1940.402) 12,143,397 TOTAL FUNDS 13.314.264 (886.229) 12.428.035 Page 18 continued... Ken Dodd Ch•rilabl• Fowidalion N•t•s lo lh• Flnanclal Siat•m•nts- contlnu•d for th• Y•ar End•d 31 March 2024 MOVEMENT IN FUNDS - conlinu•d Comparative net movement in lunds. included in Ihe above ar? a5 follow*. Inroming resources Resources expendèd Gains and losses Movement in funds Unr•strlcl•d lunds General fund 539.711 {485.5381 54.173 Endowment lund$ Investmènt income 157.732) (882.6701 (940,402) TOTAL FUNDS 539.711 (543.270) 1882.6701 1886.2291 A currenl year12 months and prior year12 month5 combined position is as follows.. Ntl rnovemenl in funds At 31.3.24 At 1.4.22 Unrèstrlctèd lund$ General lund 230.Ib65 185,704 416.169 Endowment lunds Invèstment income 13.083.799 1319.854} 12.763.945 TOTAL FUNDS 13.314,264 034.150) 13,180,114 A current year 12 months and prior year 12 month5 combin•d net movement in fund$. included in the above are as follows= Incoming resources Resources Èxpended Gains and losses Movement in funds Unr•strld•d lunds General lund 1.166.078 (980.374) 185.704 Endowmenl funds Invèstment income 1114.698) 1205.1561 (319.8541 TOTAL FUNDS 1.166.078 (1.095.072) (205.1561 034,150) Page 19 continued... K•n Dodd Charilabl• FouTrd•tion NDt•s lo lh• Flnanclal Stat•m•nts- contlnue for th• Y•ar End•d 31 March 2024 RELATED PARTY OISCLOSURES There were no related party transactions lor thè year Ènded 31 March 2024. Page 20 K•n Dodd Chrilabl• Foundation D•lall•d Stat•m•nl of Flnanclal AclfvltlÈs for lh• Y•ar End•d 31 March 2024 31.3.24 31.3.23 INCOME AND ENDOWMENTS Donailons and 14qacl•s Donations Gifl aid 101.970 25.888 1.307 37.500 127,858 38.807 Inv•slm•nt IncDm• Inveslmenl income 498.509 500,904 Tolal InCOn￿nI r8$our¢es 626.367 539,711 EXPENDITURE Charltabl• actfvlll•s Grants lo institutions 490.366 482,156 Olh•r Investment managemenl costs 56,966 57.732 Support ¢osts Flnan¢• Audltors. remuneration 4.435 3,360 Olh•r Bank Charge5 35 22 Total resources expended 551.802 543.270 N•t Incom•/l•xp•ndllur•l 71b.565 (3.559) This pag• do•5 not form parl of th• statutory linancial slat•ments Page 21