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2022-03-31-accounts

REGISTERED CHARITY NUMBER: 1187598

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR THE DODGSON FOUNDATION Chariot House Limited Chartered Accountants 44 Grand Parade Brighton East Sussex BN2 9QA

THE DODGSON FOUNDATION

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

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Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Cash Flow Statement 6
Notes to the Cash Flow Statement 7
Notes to the Financial Statements 8 to 14
Detailed Statement of Financial Activities 15
DRAFT
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THE DODGSON FOUNDATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The terms of the CIO allow wide charitable objects. However, in order to operate within the resources available, the Trustees have a policy of considering applications which focus primarily on the diverse range of assistance required by the needy over 55s within the wider area of Brighton and Hove, plus working with any including financial support for agencies who provide services to those in need.

our activities for the year, the Trustees have given Act 2011 to have due regard to public benefit. In the period and up to the date of this report are set of Trustees. The Trustees meet regularly. The day to day the Chief Executive Officer, who has authority to approve per application in accordance with a budget agreed expended to test for accountability, efficiency and value to £3,065,858 which generated income of £125,306 in the impact of Covid-19 on the charity. They do not consider it and that the charity will therefore be able to carry

Public benefit

In shaping our objectives and planning our activities for the year, the Trustees have given consideration to the duties set out in section 17(5) of the Charities Act 2011 to have due regard to public benefit. In particular, the Trustees have considered how the planned activities will contribute to the overall aims and objectives that they have set.

The Trustees believe that the following paragraphs, relate in detail the benefit that the charity provides to the public.

Grantmaking

The Trustees who have served during the period and up to the date of this report are set out on page 2. The Trustees are responsible for the appointment of Trustees. The Trustees meet regularly. The day to day administration of the Foundation is the responsibility of the Chief Executive Officer, who has authority to approve applications up to £3,000 per annum with a maximum of £1,000 per application in accordance with a budget agreed by the Trustees. The Trustees monitor and receive reports of funds expended to test for accountability, efficiency and value for money. The Trustees are pleased to report that so many individuals directly and via agencies have been supported and that is increasing.

The Trustees continue their policy of partnership and assistance to other organisations involved in help/assistance. Regular networking meetings are held with our partners.

FINANCIAL REVIEW

Financial position

The assets of the charity now amount to £3,065,858 which generated income of £125,306 in the year to fund grants and related costs over the year totalling £114,097.

The trustees have considered the impact of Covid-19 on the charity. They do not consider it will have a material effect on the income and activities of the charity, and that the charity will therefore be able to carry on its activities and will be able to continue to meet its objectives.

The investment strategy is set by the Trustees, who may invest in such investments, property or securities as may bethought fit. The policy aim is that capital appreciation should exceed inflation and there is a balance of spread of risks in the investment strategy. This takes into account the need for income, the risk profile and the views of the Foundation's professional advisers. The Trustees do not feel that a professional valuation of property is required until,at the earliest, 2021. The Trustees having regard to all factors believe that the market value as stated in the accounts of 38C High Street, Wimbledon is not substantially inaccurate at 31 March 2022. A further property, 10 - 12 The Causeway, Teddington was purchased at the beginning of 2017.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust and constitutes a CIO.

CEO

G Wicks

Page 1

THE DODGSON FOUNDATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management

The Trustees have reviewed any serious risks to which the Foundation is exposed and are confident that controls are in place to mitigate against those risks.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1187598

Principal address

Flat 5 61 Wilbury Road Hove East Sussex BN3 3PB

Trustees

Mrs G Reed C Butler Dr M Powell R Griffiths P E Goldsmith (deceased 12/3/2022) D Standing C Wellings

Independent Examiner

John Thacker FCA DChA Institute of Chartered Accountants in England and Wales Chariot House Limited Chartered Accountants 44 Grand Parade Brighton East Sussex BN2 9QA

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

........................................................................ Mrs G Reed - Trustee

Page 2

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE DODGSON FOUNDATION

Independent examiner's report to the trustees of The Dodgson Foundation

I report to the charity trustees on my examination of the accounts of The Dodgson Foundation (the Trust) for the year ended 31 March 2022.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's 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:

I have no concerns and have come across no other matters 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.

John Thacker FCA DChA Institute of Chartered Accountants in England and Wales Chariot House Limited Chartered Accountants 44 Grand Parade Brighton East Sussex BN2 9QA

Date: .............................................

Page 3

THE DODGSON FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

period 27/1/20 year ended to 31/3/22 31/3/21 Unrestricted Total fund funds Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 - 2,842,710 Other trading activities 3 88,167 29,850 Investment income 4 37,139 13,214 Total 125,306 2,885,774 EXPENDITURE ON Charitable activities 5 Charitable Activities 114,097 22,264 Net gains on investments 46,424 144,715 NET INCOME 57,633 3,008,225 RECONCILIATION OF FUNDS - Total funds brought forward 3,008,225 TOTAL FUNDS CARRIED FORWARD 3,065,858 3,008,225

The notes form part of these financial statements

Page 4

THE DODGSON FOUNDATION

BALANCE SHEET

31 MARCH 2022

DRAFT
Notes
FIXED ASSETS
Investments
Investments
10
Investment property
11
CURRENT ASSETS
Cash at bank
CREDITORS
Amounts falling due within one year
12
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
13
Unrestricted funds
TOTAL FUNDS
The
financial
statements
were
approved
by
the
Board
of
Trustees
and
............................................. and were signed on its behalf by:
.............................................
G Reed - Trustee		 2022
2021
Unrestricted
Total
fund
funds
£
£
1,602,654
1,568,182
1,371,778
1,371,778
2,974,432
2,939,960
112,672
70,400
(21,246)
(2,135)
91,426
68,265
3,065,858
3,008,225
3,065,858
3,008,225
3,065,858
3,008,225
3,065,858
3,008,225
authorised
for
issue
on

The notes form part of these financial statements

Page 5

THE DODGSON FOUNDATION

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2022

DRA
Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Purchase of fixed asset investments
Sale of fixed asset investments
Transfer of assets
Exchange movements
Interest received
Dividends received
Net cash provided by/(used in) investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 FT
year ended
31/3/22
£
(6,819)
(6,819)
(226,988)
285,364
-
(46,424)
-
37,139
49,091
42,272
70,400
112,672		 period
27/1/20
to
31/3/21
£
2,852,431
2,852,431
(138,079)
280,538
(2,792,989 )
(144,715)
1
13,213
(2,782,031 )
70,400
-
70,400

The notes form part of these financial statements

Page 6

THE DODGSON FOUNDATION

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2022

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

DRAFT
Net income for the reporting period (as per the Statement of Financial
Activities)
Adjustments for:
Gain on investments
Interest received
Dividends received
Increase in creditors
Net cash (used in)/provided by operations
2.
ANALYSIS OF CHANGES IN NET FUNDS
At 1/4/21
£
Net cash
Cash at bank
70,400
70,400
Total
70,400		 year ended
31/3/22
£
57,633
(46,424)
-
(37,139)
19,111
(6,819)
Cash flow
£
42,272
42,272
42,272		 period
27/1/20
to
31/3/21
£
3,008,225
(144,715)
(1)
(13,213)
2,135
2,852,431
At 31/3/22
£
112,672
112,672
112,672

The notes form part of these financial statements

Page 7

THE DODGSON FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

in the Statement of Financial Activities once the charity has as expenditure as soon as there is a legal or constructive it is probable that a transfer of economic benefits will be can be measured reliably. Expenditure is accounted for that aggregate all cost related to the category. Where they have been allocated to activities on a basis which have not been met at the year end date are at most recent valuation. Any aggregate surplus or deficit for particular restricted purposes within the objects

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it 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 been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

continued...

Page 8

THE DODGSON FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

2. DONATIONS AND LEGACIES

period 27/1/20 year ended to 31/3/22 31/3/21 £ £ Donations - 2,842,710 3. OTHER TRADING ACTIVITIES period 27/1/20 year ended to 31/3/22 31/3/21 £ £ Property rent 84,267 29,850 Ground rents 3,900 - 88,167 29,850 4. INVESTMENT INCOME period 27/1/20 year ended to 31/3/22 31/3/21 £ £ Dividends 37,139 13,213 Deposit account interest - 1 37,139 13,214 5. CHARITABLE ACTIVITIES COSTS Grant funding of activities Direct (see note Costs 6) Totals £ £ £ Charitable Activities 42,960 71,137 114,097

continued...

Page 9

THE DODGSON FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

6. GRANTS PAYABLE

GRANTS PAYABLE
period
27/1/20
year ended to
31/3/22 31/3/21
£ £
Charitable Activities 71,137 4,404
The total grants paid to institutions during the year was as follows:
period
27/1/20
year ended to
DRAFT
31/3/22
£
KSS CRC
-
Freshstart
1,800
Fareshare
3,000
Impetus - Together Co
3,000
Spiral
3,000
City Mission
6,000
Hangleton Knoll Project
1,500
Somerset Day Centre
2,000
Off The Fence
5,000
Reviatlise
2,200
Brighton Oasis Project
1,000
Martlets Hospice
1,487
Friends of Brighton & Hove Hospitals
2,000
St Lukes Advice Centre
2,750
Guildcare (Worthing)
2,000
Rise (Choir)
1,500
Friends First
1,500
One Church
3,850
Time To Talk
6,000
Probation
2,000
51,587		 31/3/21
£
4,404
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
4,404

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the period ended 31 March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the period ended 31 March 2021.

continued...

Page 10

THE DODGSON FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

8. STAFF COSTS

DRAFT
year ended
31/3/22
£
Wages and salaries
17,801
17,801
The average monthly number of employees during the year was as follows:
year ended
31/3/22
1
No employees received emoluments in excess of £60,000.
9.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND ENDOWMENTS FROM
Donations and legacies
Other trading activities
Investment income
Total
EXPENDITURE ON
Charitable activities
Charitable Activities
Net gains on investments
NET INCOME
TOTAL FUNDS CARRIED FORWARD		 period
27/1/20
to
31/3/21
£
8,810
8,810
period
27/1/20
to
31/3/21
1
Unrestricted
fund
£
2,842,710
29,850
13,214
2,885,774
22,264
144,715
3,008,225
3,008,225

continued...

Page 11

THE DODGSON FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

10. FIXED ASSET INVESTMENTS

DRA
MARKET VALUE
At 1 April 2021
Additions
Disposals
Revaluations
At 31 March 2022
NET BOOK VALUE
At 31 March 2022
At 31 March 2021
There were no investment assets outside the UK.
Cost or valuation at 31 March 2022 is represented by:
Valuation in 2022
11.
INVESTMENT PROPERTY
FAIR VALUE
At 1 April 2021
and 31 March 2022
NET BOOK VALUE
At 31 March 2022
At 31 March 2021		 FT
Listed
investments
£
1,567,807
217,287
(238,940)
46,424
1,592,578
1,592,578
1,567,807
Listed
investments
£
1,592,578		 Cash and
settlements
pending
£
375
9,701
-
-
10,076
10,076
375
Cash and
settlements
pending
£
10,076		 Totals
£
1,568,182
226,988
(238,940)
46,424
1,602,654
1,602,654
1,568,182
Totals
£
1,602,654
£
1,371,778
1,371,778
1,371,778

continued...

Page 12

THE DODGSON FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

DR
Taxation and social security
Other creditors
13.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as
Unrestricted funds
General fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS		 A
follows:
Incoming
resources
£
125,306
125,306		 FT
At 1/4/21
£
3,008,225
3,008,225
Resources
expended
£
(114,097)
(114,097)

continued...

Page 13

THE DODGSON FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

13. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
2,885,774
2,885,774		 Resources
expended
£
(22,264)
(22,264)		 Gains and
losses
£
144,715
144,715		 Movement
in funds
£
3,008,225
3,008,225

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2022.

Page 14

THE DODGSON FOUNDATION

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

DRAFT
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Other trading activities
Property rent
Ground rents
Investment income
Dividends
Deposit account interest
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Sundries
Document Storage
Brokers Fees
Insurance
Accountancy
Bank Charges
Professional Fees
Grants to institutions
Grants to individuals
Total resources expended
Net income before gains and losses
Realised recognised gains and losses
Realised gains/(losses) on fixed asset investments
Net income		 year ended
31/3/22
£
-
84,267
3,900
88,167
37,139
-
37,139
125,306
17,801
-
1,210
12,907
356
2,016
96
8,574
51,587
19,550
114,097
114,097
11,209
46,424
57,633		 period
27/1/20
to
31/3/21
£
2,842,710
29,850
-
29,850
13,213
1
13,214
2,885,774
8,810
12
605
6,108
351
1,920
54
-
4,404
-
22,264
22,264
2,863,510
144,715
3,008,225

This page does not form part of the statutory financial statements

Page 15