REGISTERED CHARITY NUMBER: 1179779 Report of the Truste¢5 •nd Finlnciil Si*ie*eAts for ¢b¢ Ye*r E•ded 31 M4r¢h 2025 for Kep Dodd Cbaritsbk Fownd•tio Xeinadin Audil Lirnil¢d 116 Dukestr Livwl England Ll 5JW Ken Dodd Cb*ritsblt Foind*tiD Contents of ihe Finaacial Statements for the Year Ended 31 March 2025 PA8e Ref¢reTr¢e Adrninistrative D￿1•15 Report of the Trus¢tts Report of the Indewdujt Auditors StaieTh¢nt of Fin*ncl*l Acilvl¢ies Balance Sheet Cash Flow Siiternent 10 Notes to the Cash Flow S¢alew¢nt Notes to the Fi￿￿nCIlI Sta¢em¢Ats 12 to 18 Delalled S¢4temeAt of Fina￿141 A¢tivitbe5 Ke• tlodd Charitable Fowudatio R¢f¢re4ee Admlwtsirniive Drfpi15 for ihe Ye8r Ended 31 M*reh 2025 TRU5TEE5 Lady S A tkKld MrJ S lkws MBE Mr P V•ine5 PRINCIPAL ADDRESS Barrtsiers Chamb¢r5 3 Field Cowl Grays Inn London WCIR SEP REGISTEREDCHARITY NUMBER 1179779 INDEPENDENT AUDITORS Xeinadin Audii Limiied 116 Duke Sire Live￿00] England Ll 5JW BANKERS Naiional WeMmin￿er Bank plc 138 Allerton Road Liverpool L18 2JN Invest¢¢ Wealth & Investmenl Ltd The Plaza Old Hall Str LiverwK)I L3 9AB Pa8e I KeN D￿ld Charitable Foundatio Report of the Tru51tt5 for the Ye*r Ettded 31 Mgrth 202S The Irustee5 preseni their annual r¢w)rt and finarKial staternEnts of th¢ ChaTity for the year ende(131 March 2025. The reference and adminisiraiive infornialion sei oui on page I fornis pan of ihis wepm. The financial slatements have been prepared in accordance with the accouniing polities set (Mrt in note I to the ae¢ounts and ¢omply with (he Charity's irust dttd the Chariiies Att ?01 l and Accouniing and Re￿llIng by Charitie5: Siaiement of Recomm¢nd¢d Pr4dice applicable io charities preparing iheir accounis in accordance wilh ihe Financial Rep)rting Standard applicable in the UK and Republic of Ireland {FRS 102) efferti￿ l January 2019. OBJECTIVES AND ACTIVITIES Objeclives #nd aims The purposes of the ¢harity a￿ io than¢e ihe educaiion of the public in ihe perfmning . to further ¢h¢ development of the public appreciation and under5randing of perforniiThg ans by ihe suppon and encouragement of the WOTk of young artisis to provide for the relief of poverty of persons in ihe United Kingdom and elsewhere who are in condiiion5 of need hardship or disiress by reason of their social or ￿0￿Orni¢ circumstances by providing advice and f￿)￿rial a551StaTh¢e to th05e in need and to provide financial assisrance io any other exclusively charitable organiwion. In shaping our aims and objectives , in planning fuiure activities , and setting th¢ grant making policy for the year. the irustees confirni they have r¢f¢rred to the Charity Commission's guidance on public benefit , including the guidan¢e 'publi¢ benefil running a charity (PB21 . Th¢ ¢harity fvrthers its charitable purposes for ihe public ihrough its grani making policy. The principal aciiviiies of the charity in the period under review were the inve5th)enr of funds and the provision of grants. ACHIEVEMENT AND PERFORMANCE Charitable activitits The charity continues to invest funds to enable firture gran15 to bE paid . The charity 15 extr¢rnety proud of its achievements and progress io dale . The irusiees coniinue io review and approve 5uiiable and appropriaie grani applicatkons io enable ihecharity io continue with 11$ work. FINANCIAL REVIEW FiThancial positio The results for the year and financial posiiion of the charity are as shown in the annexed financial sraiements . The charitys ability to rtvdke further grnnts is reliant on irteome And returns from lis investments. Grdnts totalling £852.413 were paid during the year The value of the I￿Ve￿MentS held increased by £18.308 dwing the year and iThcome of £507,454 was generated by the investments. INVESTMENT POLICY The charitys investment managers (Invellec Wealth & Managemenr ) are instruded to invem io maximise the returns wirhin the constraints of a medium risk profile over the long4ern? investment time horiz￿ of over l O years. RESERVES POLICY AND GOING CONCERN The trustees aim io maintain free reseTves in unresiricied fu￿15 ￿ a level which is designed TO meet apwoved grant applicaiions and govemance c0515. Total reserves ai 31 March 2025 amounied 10 £12.790.500 of which £67.704 were unresiricted. Given ihe level of assets held . the Irustee5 consider ihai there are no m￿crial uncenainiies about rhe charl￿5 ability io continue as a going conc¢rn . The Inosl signifKant ar¢a5 of uncertainty th￿ atTect the carrying Ydlye of assets held by thE charity ar¢ the l¢v¢l of inve51meni return and (he perforniance of investtnent markets. PLANS FOR THE FUTURE Ken Dodd Charltable Foundation is a I￿Ing testimony to ihe generosity and charitable concerns of the late Sir Kenneth Arthur tkjdd OBE and his wife lady Sybil Anne Do&J . The trU￿ee$ aniicipaie continuing to make rharitable grants that ￿¢¢1 the objectives for which the tharity was ¢stsbli5hed. Page 2 Ken Dodd Ch4ritsbk Foundatxhn Report of the Tt•s*ts for the Year Ended 31 March 2025 STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document The organisaiion is a choritable trust . established on 29 May 2013 and regi51ered as a charity on 3 Syember 2018. The trust was established by an initial gift from Sir Kenneth Arthur Dothj OBE in 2013 . Since his death his est•te and his belO￿d wife Lady Sybil Anne Dodd have made subsianiial gifts io the charity . ThE charity is governed by the pol￿1¢$ made from lime lime by the Iruslees together with lh¢ t¢rms of 115 Trust Deed which sd oul the objects and powers of ihe Charity. The irusiees . who mei ai regular intetvals to fomulaie policy and deci5iofLS during the year , including ihe arrangemenis and criteria for consideration arhd approval of grants, were lJdy Sybil Anne Do(hJ . Mr Peter Vaines and Mr John Stephen Lewis MBE .The procedures for ihe appoinimeni. reiiremeni and removal of thtsiees a￿ set out in the Trust tked. The trusiees seek to ensure thai ihe neets of the Kecipients ar¢ aFlY0￿Cly refiected through the diversity of the iruslee body and ihe recrniiment of appropriaie individuals to ihe board The irusitts are familiar wtth the practical work of the chariry and are encouraged io attend regular feedback and updaie sessitiNs AII tru5tee5 are encourdged io attend appropriaie exiernal iraining even15 where these will facilitale the undertaking of their role. RELATED PARTIES None of the irustees receive remunemion or other financial benefit frcKn their positions as tNstee5 of the charity and any eontrdctual relationship with a related party rnU51 be disclosed to the lwd of rrus*es . In ihe curreni year . no such related party Iransactions weTe reported. RISK MANAGEMENT The trusiees have a risk management slraiegy which comwises an annual review of the principal risks and uncertainiies ihai the charity faces And ihe e$tablishm¢nt of polici¢5. 5y51em5 and prLKedure5 ro miligak thos r￿kS ideniified in the review. The principal risks faced by the charity lie in the 1*rforn￿nct of investh*nts . ineffective granl making and ihe capacity of ihe charity to make effeetive grants . The trustees £(m%ider variability of investrneni returns and changes in value 10 constitute th¢ charity'5 major financial risk. This is miiigaied by reiaining expert investmethi managers and having a diversified inve5tmeni ponfolio. The operaiional risks from ineffe¢rive grant awards and the capxity io make effedive yants are managed by retaining Iru5tees of su￿teleNt skill and eXperIe￿e to be able to asgess 8￿1 nmjnitor applicatiorfj and grant award5 . so as to retain focus on the publi benefit derived from the provision of such grants. During the y¢ar . the Russian invasion of Ukraine and uncertainlies oveT infiaiion levels coniinued io cle￿e a major challenge over invesimeni perfomiance with a high level of uncertainty for many charities . The tn]siees have taken prompt Èction lo monitor the charity's position . Whilst the impact of these matters cannot be aecurntely predicled and li is nol possible to assess all possible implication5 for the charity, based on a55es5ments carried oui . the charity believe5 ihai li has a financial PQSLtion ihat will ¢nable it io navigate through these challenges. TRU5fEES' RESPONSIBILITY STATEMENT The irusiees are responsible for preparing rhe Rep￿ of the TnLStttS and the financial gtstements in acwrdance wilh applicable law and United Kingdorn Accounting Standards (United Kingdom Generally Accepted Accouniing Practice). Page 3 Ken Dodd Charitable Fowpd•¢ion Rewrt of the Tr￿￿tte$ for the Year Ended 31 M*rch ?025 I"RUSTEES' RESPONSIBILITY STATEMENT- contlDued I'l)¢ law applicable to ¢hAn"ties in England and Wale& the Charilies Aci 2011. Charity (Accounts and Repons) Regulations 2008 dnd the provisions of the ¢rust deed rrquires the trusiees to prepare f￿￿claI 5taieJr*ttts for each firwjcial year *l]ich give a true and taEr view of ihe stale of altairs of ihc c￿Thry and of the incoming resource5 and application of resources including Ihe income and eKp¢ndItU￿. of ihe chdriry for that periiKI. In preparing those financial ￿atrMents, the irustees are reqUI￿d to %¢leci suitable accounting poli¢ies then apply ih¢m consisienily- Iib.serve the methods and prI￿lpleS in ihe Charity SORP,. 11)ake judgements and estimaies ihat rea50nablc atKf pitht: .Trtai¢ whether applicable #¢coulltin¥ standatds have beem followed subieci io any mat¢Tial deparwrtt disclosed ¥nd explained in Ili¢ financjal S￿teMentS. i)rLpare the fIna￿tal Slalements on ihe going con¢ern basis unle&) Lt is inappropria* to prewme ihai ihe charity will conlinue in l)ubines5. I l*. Injsieeb ar¢ responsible for keeping prop¢r accounling recoTds which disclose wilh re450nable accuwy at any lime the finullcial pvsilion of ihe chariiy and to enable them io ensure that the fiTJanctal statements comply wiih the Chariiies ACL 2011. the C'harrry (Accuunls and Reports) Regulation5 1008 dnd the provisiorts of the deed. They are also responsible for safeguardin Ihe a4seis of Ihe charity and heM¢ foT taking reasonable Jep5 fi)r ihe prevention and detection of fraud and ￿her irregularilies. .4ppriJved by order of ihe board of irnsttts on on lis behalf by.. ..l%, S A Dodd- Tru51ee Repfjrt of th¢ Ind¢p¢ndenl Audilors lo ihe Trwstee5 of Ken Dodd Charitable Fouwjdatio Opinion We have audiied rhe financial statemenis of Ken Dodd Chariiable Foundation (Ihe 'charity'} for the year end¢d 31 Ma￿h 2025 whioh ¢ompri5e th¢ Staletnent of Financial Activitie5. the Balance Sheet. the Cash Flow Statement arKI notes to the financial statements, including a sumtn¥ry of 5ignifi¢aDI accounting policies. The fina￿la1 reporting framework thai has been applied in their preparaiion is applicable law and United Kingdom Accouniing Sthndards (United Kingdom Generally Accepted Accouniing Practice). In our opinion Lhe financial siaiemeTris: give a true and fair view of ihe Mate of the charity's affairs as * 31 March 2025 at￿ of ils incoming resources and application of resources, for the year then ended.. have been properly prepared in accordance wilh United Kingthm Genernlly AcceFrted Accounting Practice: and have been prepared in accordance with the reqUiren￿nts of the Charitie5 Act 2011. Basls for oplnlon We conducted our lludit in aecordanee with InternAtional Standards Ix] Auditing {UK) IISAS {UKI) and applicable law. Our responsibilities under ihose siandards are further described in the Auditors. responsibililie5 for the audit of the financial 5talements Section ofour report. We are independerkt of the charity in 3ccordanc¢ with the ethi¢al reqUIr￿entS that are relevant to our audit of (he financial staiemenTS iTh ihe UK. including ihe FRC'S Ethical Swidard, and we have fulfilled our other eihical responsibilities in accordance with these requirements. We believe lh* the audit evidence we have obtained is sufficieni and appropriate lo provide a basis for our opinion. Contlusloths relating to going eoncer In auditing the financial 5tatemcnts, ￿ have ¢lKKluded that the trumees. use of the going concern basis of accouniing in th¢ prepararion of ihe financial statements is appropriate. Based on the work we have perfonneiL we have not idemified any maierial uncenainiies relaiing to events or condiiion5 thai. individually or collectively, may casr significant doubt on ihe charity¥ ability io continue as a going concern for a period of ai least Iwelve months from when the financial ￿atementS are Authorised for issue. Our resp)nsibilities aThJ ihe responsibiliiies of the tru￿tts wilh res￿( to going concern are de5rribed ID the Televanl 5eclions of Ihi5 report. Other Informatlon The tTusiees are responsible for the oiher inforniation. The other inforniaiion comprises ihe inforn)aiion included in the Annual Report. oiher than the financial siaiemenis and our Rep)rt of ihe Indep￿thni A￿Allor$ ihereon. Our opinion on the financial Statements does not cover ihe other information and, except to the exieni orherwise explicitly slated in our report. we do n4X express any fom of assurance conclusion thereon. In connection with our audii of rhe financial Maremenis. our responsibiliry is io read ihe oiher infomiation and. in doing so, eonsid¢r whether the other infomiation is materialty inconsi￿ent with the financial ststements or our knowledge obtained in the audii or otherwige appears to be materially misstated. If we identify sllch material incon51Stencies or apparent material missiaiemenls. we are required to deiemiine whether this give5 rise io a marerial misstatemeni in the financial statements Ihemselves. If. ba5¢d on the work w¢ have perfomitd. we conclude that there is a n]at¢rial rni55trt¢menl of this (*her Infonn￿lOn. we are required io repon thai faci. We have nothing to report in this regard. Matters on whith we art required to re]Mbrt by exception We have nothing io report in re5peci of the following matters where the Chariiie5 (Accounts and Report5) Regulatioris 2008 requires us io Teport to you if. in our opinion= the informatiou given in ihe Report of the Trustees 15 inconsislenl in any malerial respect wilh the financial siaiements- or sutTKienr accounting records have not been kept: or the financial statements are not in ag￿ement Wth the accounting reeords and retums: or we have not received all the lnforrna1i(￿ and explanation5 we require for our audit. Pa8¢ 5 Report ol the Independ￿1 AudiloTS to ihe Trus¢tcs of KeTh Dodd Charitable FoumdatiD Responsibilities of trustttS As explained moTe fully in ihe T￿Slee5. Re5ponsibiliries Sia*menL rhe trusttts are wstble for the preparation of the finat)cial staiements which give a irue and fair view. and for such intemal control as the trnstee5 deterniine is necessary io enable ihe preparation or rinancial statetnents that are free from material misstsremenL whether due io frnud or error. In preparing the financial staiemenis. the irusitts are resp(￿sible for as5e55ing th¢ charity's ability to ¢ontinue as a going concern. disclosing. as applirable. rnJtteT5 Tel4l¢d To going cO￿¢M and using the going concem basis of accounting unless the trustees either inteThJ to liquidate the Charity or to cease operations. or have no realisiic aliemaiiye l)ui io do so. Our responsibilitie5 for th¢ *udi¢ of the financi*l statements We have been appoinied as audiloTS under Section 144 of the Chariiies A¢t 20114nd rewi in accordance wilh the Act and relevanl re￿UlatiOnS mad¢ or k4virhg effect ihereunder. Our objecrives are io obtain reasonable &ssurance abtyjt whether the financial stalements as a whole are free from material missthtement. whether due ¢0 fraud or error. a￿1 io issue a Report of ihe Indewideni Audiiors thai includes our opinion. Reasonable assurance is a high level of assunnce. bui is a guarantee that an audit conducied in iccordan¢e with ISAS (UK) will always detect a material misstatement when it exists. Misstatements ¢an ari5¢ from fra￿d or error and are considered material if, individually or in ihe aggregat¢, Ihey could reasonably ￿ expected to influence the economic decisions of us¢rs taken on the basis of these financial statemen The ¢xlent to which our procedure5 are capable of deieciing irregulariiies. including fvaud is detsiled below: In idenrifying 2nd assessing risks of material misstatement in res￿ of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following.. We ¢nquir¢d of management and ilN)se charged wilh govemance. which included obtsining 8thd reviewing 511PPOrting documentaiion. concerning ihe charity's policies and procedures relaiing io.- - Ideniifying. evaluaiin& and complying with laws and regulatiorLS and whether they were amyre of any In￿anCeS of non-eompliartce: - Detecting and responding to ihe risks of fraud and whether thry have knowledge of any aclual. S4Jspected, or alleged frdud: - l-he internal controls esiablished to miiigaie risks relaied io fraud or nonwliance with laws and regulatioThs. We inspected ihe minutes of medin8s of ihose charged with goVernat￿e. We obtained an understanding of the legal and regulal(Ky frameth thai ihe charity opeTaie5 in. f(Kusing on those laws and regulations thai had a material effeci on the financial sthremenis or ihat had a furmlarnental effect on ihe 0￿rationS of the charity from our professional and sector experien¢¢. We wmrnuDi¢ated applicable laws and regu￿10￿$ throUgh￿rt the aLKlii team and remained alert to any indications of non-compliance throughout the audit. We reviewed any reports made io regulaiors. We reviewed the financial stat¢rnen¢ disch)5ures and iested these to supp)ning thcumentation to assess ¢omplian¢e with applicable laws and regulations. We performed a￿al￿1Cal procedures io i(kniify any unus￿1 or unexpe¢ied rel*ionships that may indicaie risks of mgterial mis5talement due to frdwj. In addressing ihe risk of fraud through management override of controls. we tested the appropriateness of journal entries and othtr adjustment5, assessed whether the judgements made in making accounting esiimaies are indi¢aiive of a wiential bias and tested significant transaciions ihat are unusual or Ilm￿ outside the nomial course of htsin¢ss. Be¢ause of the inhereni limi10tions of #n audit, the￿ is & risk ihat we will noi ddect all irregulariiies. including those leading to a maierial mi5sratemeni in the financial Matements or nonrtirhg by Charities.. Statement of Recommended Pra¢li¢e applicable io charities preparing their Kcounis in a¢cordance WiTh ihe Financial Reporting Siandard applicable in ihe UK nd Republic of Irelatjd (FRS 102) (effeciive l Jat)uary 20191.. Financial Reponing STandard 102 'The Financial Reporting Stsndard applicable in ihe UK and R¢public of Ireland, and the Charities Act 2011. The financial staiement5 have been prepared uThJer ihe hiMorical CO￿ conventiorL with the exception of inve5tmenrs which are included at tnarket value, as modified by the rev4luJlion of ¢enaiN ¥sds. Ineome All income is recogni5ed in the Statement of Financial Activities once the chtirity ha5 elltitlement to the fvnds, it is probable Ihat the income will be received and the amwnt can be measured reliably. Expenditure Liabilities are rffogni5ed 8s expenditure as soon a5 ihefe is a legal OT conSin￿1ve obligation committing ihe charity io ihat expenditure. it is probable that a trarksfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expendilure is accounted for on wn acc￿￿1$ basis and i*en classified under headings ihat aggr¢gate ¥ll cost related to the category. Where coms cannot be directly anribuied to particular headings they have been allocated to acfivitie5 on a basis ¢onsist¢nt with th¢ use of r¢soyr¢es. Granls offered subject to conditions which have not I￿ert ai ihe year end d￿e are noted as a commiimeni bui noi accrued as expendiiure. Taxation The charity is exempi from on lis charitable activities. Fund #eeounting unle￿Il¢l¢d funds ¢an be used in accordance with the charitsble objeciives at the discretion of the trustees. Restricied funds can only used for particular restricted purpose5 within the objects of Ihe clwiry. Restriciions arise when specified by the donor or when funds are rdi5ed for Ixrticular restrKted pUr￿)ses. Further explanation of ihe nature and purp)se of each fund is included in ihe notrs to the financial siaien)ents. DONATIONS AND LEGACIES 31.3.25 31.3.24 Donations Gift aid 101.970 25.888 127,858 Page 12 ¢oniinwd... Ken Dodd Ch*ritabk Notes to the Fina*eial Sta¢ements- eoA¢inued for the Year Ended 31 March 2025 INVESTMENT INCOME 31.3.25 31.3.24 Investment iThcorne 507,454 498,509 CHARITABLE ACTIVITILS COSTS Granr funding of ivities (see noie Support costs (see n￿e 6) 5) Totals DOn￿lon5 852.413 4.050 856.463 GRANTS PAYABLE 31.3.25 31.3.24 Donalions 852.413 490.366 SUPPORT COSTS Finan Tota15 Donations 4.032 18 4.050 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees. remuneraiion or ￿her benefrts for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees. expenses There were no tTU5tees' expenses paid fow the year ended 31 March 2025 nor foT the ye4r ￿￿ed 31 M8r¢h 2024. COMPARATIVES FOR THE STATEMENT OF FINANCIAL A￿1VITIEs Unre51ricted fund Endowment nd Total funds INCOME AND ENDOWMENTS FROM Donation5 and legacies 127.858 127.858 Inve5tmellt income 49a509 498,509 Totgl 626.367 626.367 EXPENDITURE ON ChaTii#ble *¢tlvilles Donation5 494.836 494,836 Other 56.966 56.966 Page 13 onlinued... Kell Dothl Charitable Found¥lio Notes to the FiAxnei•l St*temtAts- eontin¥ed for ¢h¢ Year Ended 31 Mar¢b 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued Un￿striCted Endowmeni fuRd fvnd Tolal funds Tot81 494,836 56.966 551.802 Nel 8ains on investment5 677.514 677,514 NET I]YCOME 131.531 620.548 752,079 RECONCILIATION OF FUNDS Total funds brought fon¥ard 284.638 12,143,397 12.428,035 TOTAL FUNDS CARRIED FORWARD 416.169 12.763.945 13,180,114 GRANTS PAID 31.03.23 31.03.24 The Dog5 Trust Leeds Grand Theaire Liverpool Mei. Cathedral Choir Grand Order of Water Rtt5 The Windows Project Si John's Church 4th Runcorn Scout Group Bumley Youth Centre Rice Lane Commw)ity AsKKiation AF & V Launchpad Limiled KIND Liverpool Caih¢dral Holistic Cancer Centre Liverpool Theatre Sch￿1 Frank Field Foundation Blackpool Museum Tru Royal Court All together now St Lukes Church Widnes Liverpool Heart & Chesi Clinic Alder Hey Children's Charity IOM - SVG Educaiion Programme Liverpool Women's NHS Foundation Tru The Salvation Army The Wingare Special Children's Tn￿t Shakespeare North Playhouse Trusi so.000 125,000 7.400 5.000 5,000 2.000 i 0.000 5,OOD 20,000 21JO 2,000 75,000 25,000 12,000 50.000 100.000 14.166 5,000 20.0(NJ 50.OCN) 150,1KKI 50.1)00 244.013 25.000 5.000 50.000 25.000 i 0.000 25,000 1.000 75.IMJO T￿al 852.413 490.366 Page 14 coniinu¢d... Krn tkNld Charitable Foundalio Notes to the FiwA*nei*l Ststemeats- eootinutd for the Ve•r End¢d 31 M¥r¢h 2025 FIXED ASSET INVESTMENTS Lisied investments MARKET VALUE At l April 2024 Addiiions Disposals Revaluaiions 12.551.835 548,956 (635.657) 18.308 Ai 31 March 2025 12A83.442 NET BOOK VALUE Ai 31 March 2025 12,483,442 Ai 31 March 2024 12.551.835 Investment5 at fair value comprised = To￿1 6.811.090 3,031.718 145.015 743.326 1.133,955 618.338 12.483.442 UK 2.531.368 2,733,221 Overseas 4,279,722 298,497 145.015 Equities Fixed inierest 5ecuritie5 Emerging economies Commercial property Altemaiives Commodiiies Total 743.326 1,133.955 618.338 5.341,572 7.141,870 All inv¢sttneTht5 are carried at their fair Yalue The investments are all tr&led in quoied ￿blIC markets . primarily the London Siock Exchange . The basi5 of fair value for quoted investm¢Tht5 15 equivaleni to the market value , using the bid price. The main risk io the chariry from financial insmiments lie5 in the combination of uncertain inve5tmeni markets and volatilil>' in yield . Due io.quaniiiative easit)g" and market seniiment favouring lower risk investmenis ihe yield on bonds has again been lower ihan anticipated. The charity relies on diV•de￿I yield in part to fin8n¢e it5 ability lo make grants and Ihis leads to a greaier exposu￿ io lnien￿l10nal conwanies ihe values of which . iogeiher wilh iheir yield are exposed 10 exchange rntt risk when ¢onverfing the holdings into sterlin& Liquidhty risk is aniicipated io l)e low as all assets are traded and ihe commiimenk io In￿rVention by cenirydl banks and market r¢gulatiKs ha5 continued to provide for orderly irading in markeis and so their ability to buy and sell quoted equilies and siock is aniicipated io continue. The charli￿S investmenis are in iraded markeis wi(h good liquidity and high trading volumes and ihe charity has no inv¢51nKnt holding5 ill Tnarkds subject 10 Exchan8E corJtro15 or tr&Jing Testrictions The charity manages fhese investmenr risks by relaining expen advisors arNi operdting an investment policy that provides for a high degree of diversifKaiton of holdings within assei classes thar are quoied on recognised siock exchanges. Cost or valuation ai 31 March 2025 is represented by: List i1)ve￿Men1$ Valu*ion in 2025 12,483.442 Page 15 continued... Ken Dodd Charitablt FouDd4lio Notes to the Finaoeill Stslemenls- ¢•Atl#ued for ihe Ye4r Ended 31 March 2025 DEwfoR5: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 (hher debt(Irs Prepaymenis and a¢¢n￿d income 24.828 23.142 23.783 23.783 47.970 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Other creditor5 4.032 3,840 13. MOVEMENT IN FUNDS Tnovemenl in ￿ndS Ai 31.3.25 Al 1.4.24 Uthrestrieted General fund 416.169 {348,4651 67,704 Endowment fund5 Investmeni income 12.763,945 (41,149) 12.722.796 TOTAL FUNDS 13.180,114 (389.614) 12.790.500 Net IT￿y¢￿en¢ in fund5. included in ihe above are as follows.. Incoming Resourtts expended Gains and I0￿eS Movement in funds UnT¢Stricted funds General fund 507,998 (856.463) (348.465) EndowmeTht funds Invesiment income (59.457) 18.308 (41.149) TOTAL FUNDS 507.998 (915.9?0) 18,3D8 (389,614) Page 16 coniinued... Ken D(￿￿ Ch4ril•ble Found4tio Notes to the Financial St*temettts- tontinued for the Yur Eided 31 M*rch 2025 13. MOVEMENT IN FUNDS- Continued Compirntives for mov¢m¢ni In fu•d$ Net movement in funds At 31.3.24 At 1.4.23 Urtre$tricted fund5 General fund 284.638 416,169 EndowmeNt fund5 Invesimeni income 12.143.397 620,548 12.763.945 TOTAL FUNDS 12,428.035 752.079 13.180.114 Comparative net movemeni in funds. included in the atM)ve are &8 follows: Incoming Resour¢es expended Gains and losses Movement in fuNIs UArestricted funds General fund 626.367 (494.836) 131J31 Endowm¢nt fund$ Inve51men¢ income (56.966) 677.514 620.548 TOTAL FUNDS 626.367 1551.802) 677.514 752.079 A current year 12 monihs and Pr￿ year 12 months combined position i5 as follows.. Net moven)ent in fvnd5 At 31.3.25 At 1.4.23 Unre5trirted fund5 General fund 284.638 1216.934) 67,704 Endowment funds Investmeni income 12.143,397 579.399 12,722,796 TOTAL FUNDS 1? 4?8.035 12,790.500 Page 17 continued... Ken Dodd Charilable Fo•ndatiQD Noles ¢0 the Financial Stateme•ts- eothtinlled for ike Year Ended JI March 2025 13. MOVEMENT IN FUNDS- conti#ued A current year 12 monihs and prior year 12 m(M)ths combined ￿ movement i* fimd& included in above are as follows.. Incoming Resource5 expended Gains and losses Movement in funds u￿restrIcted funds Generdl fund .134J65 {1.351299) (216,934) Endowm¢Thl fund5 Inyesimeni incorne (116.473) 695.822 579,399 TOTAL FUNDS 1.134.365 {1.467.722) 695.82? 362.465 14. RELATED PARTY DISCLOSURES There were no related party transathions for the year ended 31 March 2025. Page 18 KeD D(Mld Ch•ritsble Founda¢iDn Detailtd Stateme4t of FinaThcial Aclivitles for the Yur Epded 31 March 2025 31.3.25 31.3.24 INCOME AND ENDOWMENTS Donalions and legaties Donations fjiftaid 101.970 25.888 127.858 Investment intomt Inve5ttnent income 507,454 498,509 Other income Royalties 544 Total incoming TeSOUTce5 507.998 626.367 EXPEI¥DITURE CharltAble activities Grants 10 instiiuiions 852.413 490.366 Other Investmenl management cosls 59.457 56.966 Support etssts FingTh¢e Audiiors. remuneNion 4.032 4.435 Other Bank charges 18 35 Total resources expended 915.920 551.802 Net {¢xpenditureyineome {407.9221 74.565 This page does forni part ofthe statutory fLnancia] 5tstemenis Poge 19