REGIsfERED CHARrrY NUMBER: 1187598 REPORT OF T E TRUSTE STATE FOR THE Y R Ef4DED CH OR (Iwiot Hous¢ Limitrd 44 Parade Brighton BN2 9QA
ND OFTHEF IAL STA FOR THE ge R¢port ofthe TTUteu Independtttt Euminer's Report Stlternent of Flnlnthl Aetlvlth$ Balnce Sh¢¢t C#Jh Fknw Stst¢m¢t Notes to the Cash Flow St•temeDt Notes to the FiDinelal Sl#temtnts 8 to 13
THE TION EP THE YEAR RCH The th]stees presetx their rewrt with the financial statements of the ¢haTiry for the ye4r ended 31 March 2023. The tru5tee5 have adopted the provisions of Accounting and ReportiD8 by Chariti¢5.' stsiement of ReLx>mm¢nded Prnctice applicable to chariti&s prqwing their x¢ounts in xcordance with the Financi Rqh)rtiD8 Standanl applicable in the UK and Republic of treland (FRS 102) {effediv¢ l January 2019). ORVEcrtVES AND ACTivrrIES Objectives and •itns The temis of the CIO allow wide charitable objects. Howevtt. in OTd¢r to operate within the resources available, th¢ Truste¢$ have & policy of wnsidering applications which focus primaTily on the diverse r8nge of &5$iStanc¢ required by the nKdy over 55s within thc wider area of Bright and Hove, plus working with any including firtthnci support for agencies who provid¢ 3¢ryi¢es to thole in neal. Publ1¢ beneflt In shapin8 our obj¢dives and planning ow artivities for the year, the TNstees have given constderntion to the duties set out in sedion 17{5) of th¢ Charities Act 2011 to have regard kn public benefit. In particular, the Trnsiees have t0Th5id¢r¢d how the planned tiviti¢s will conrributr the ov¢rail aims and objetlivcs that they have set. The Th¥t¢es believe that the foliowing para8ryh4 TElate in dethil th¢ benefit that th¢ ¢hwity provides to the public. Grntmaklng The Trustees who have served during th¢ PNic and up kn the date of this tre set out on p48¢ 2. The Trustees are r¢sponsible for the apw)intmeni of TrU¢t5. The Tnty¢e¢$ mttt rc8ularly. The day to day admtnistsJtiot) of the Foundation ts the resp)nsibility of the Chief F¢¢tive Officer. who authority to approve applications up to £3,OIK> per anDum with a maximum of £1,000 per plIcation in cOrdanCe wth a budget agreed by ihe Trustees. Th¢ Trustres monitor and T¢ceive repons of fund5 exp¢TthJ to st for countability, etTiciency and vu¢ for money. The Trustees are pleased to rep)rt that so many indiv1th dirt¢tiy and via o8encies have ben SUpd and is in¢r¢aying. The TNstt&s continu¢ their policy of pthership and assistdLK¢ to otherorwlsl0ts$ itivolv&l in helpIlSnee. Rt8ular neOrking meetitt8$ 8r¢ held with ¢JJr prtnen. FINANCIAL REVtEW Financial position The se1$ of the tharity now amount to £2,830.934 whi¢h 8M¢rated iTKome of £119.760 in the year to nd grants and r¢lated wsts overth¢ yearwtsiliti8£129.793. The investm¢nt strategy is Set by the Trjstees. WIK) may Inve in such inv¢stments, prt)pffj or securities &$ may l%thoughi fit. 'lThe w)licy aim is that capita] appTe£iation should exceed inflation and there i5 a baian¢e of spread of risks in the inv&stment str¢gy. This tskes into x¢ount the need for incom< the rtsk profil¢ and the views of the FoundatiOtt'5 profession advisers. The Tnlstees do Th)t ftel that a proftssional Vdluation of property is required uniil, ai the earli¢si, 2023. The Trustees having r¢g8rd to all factm believe thai the m8fk¢t vduc &% stated in the COUnts of 38C High StTtet. Wimbledon is not substantilY inaccurnte at 31 March 2023. A further property, 10 - 12 The Causeway, Teddington pur¢hased at th¢ knn]ng of 2017. Re8ervu policy The Tntst aims to m8inlain te5erves of at least qCW,(W in oth to 8cnerat¢ sufficient irt&)me lo mttt annual fixed costs and 4 minimum level of grants and th)natK)ns. At 31 March 2023, the tnLSt held free reserve5 of £1,459.156. STRucfuRE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its gov¢mins IkKwmenL adeed 0ftrst and conlIllI&S a CIO. Page I
EPORT OF THE TR THE YEAR ENDED 31 MAR 2023 STRUCTURE, GOVERNANCE AND MANAGE.MENT CEO G Wicks Risk management Th¢ Trusttts have reviewed any serious risk4 to which the Foundation is and are confidMt that coThtrols atr in plac¢ to mitigaie against risks. REb'LRENCE AND ADMINISTRATIVE DETAILS Register¢d Charity number 1187598 Prlnelp•l *ddrt3s 16 Park Avenue Hove East Sussex BN3 5RF TruJte¢$ Mrs G Reed C Butler Dr M Powell (rt81 IIY2023) R Griffiths D S¢anding C Wellings (deceased 41612023) R Overtort-Hart (apTxJinted 1915r2023) Ms C Frazer (appointed 1915r2023) Independent Eximltser John Thacker FCA fThA Chariot HoSe Limiied Chartered Accountants 44 Grand Parade Brtghtort FA8t Suss¢x BN2 9QA Approved by orderof the trd oftrustee5 on I l 2023 and signgj cffl its behalf by: Mrs G Reed. Trustee
EPEPIDE E tKIDGS INER'S RE NDATION OF Independent examiner'$ report to the trustees of The DgS0 Foutsdation I rew)rt to the ¢haTity trustets oth rny exaEnination of the xcounts of The Dodgson Foundation (the Trust) foT the year ended 31 Mah 2023. Rtspon$ibiJiti# #nd basis of port As the charity tru5te¢s of the Tn you ar¢ resKK)nsiblc for the preparation of the xcounts in accordanc¢ with the requirements of the Charities Aa 2011 fthe AL). I r¢port in respect of my examinatton of the Tt71$ &tounts carried out under Se¢tion 145 of the Aet and in carryin8 Out my ¢xamination I have followed ail applicabl¢ Di¢0n$ given by th¢ Charity Commission under Section 145{5Xbl of the A¢L Indep¢Ddent ¢xamltser's stat¢mept I have cornpleted my examffttition. l eonfinn that no mattriaj rnatten have CLmJe to my atlention iti wnnection with the exomination giving me ¢ause to E¢lieve in any mat¢riai respect.. accounting reeor&s w¢r¢ not kew in rtsp¢d of the Tnxt as Tequired by Section 130 of the A<. or the aecounts do not accord with those recOS. or the ac¢ounts do not comply with the 8ppli¢able wuirernents nCernIng the ftsTh ond content of accounts set out in the Chariiies (Accounts and Reports) Re8uiations 2(N)8 other thun any requiremcnt that the accounts givc a lrne and fair view which is not a malter considered psrt of an independent ¢xwnination. I have no ¢onrrTLS and have o)me &re69 no other matters in Cont¢10n with the exjmination ty which 8tt¢ntion should b¢ drawn in this rert in order to en•bk a pnper unde¥thding of the &Unts to be rexhed. John Tha¢ker FCA fKhA The ITtitUte of Chartered A¢wunlanis in En8land and Wales Chariot House Limited Chartcrcd Accountants 44 Grand Parade Brithon t Sussex BN2 9QA 21 Augusi 2023 Page 3
ND STAT OFFI FOR THE YEAR IVITI ED31 IMAR 2023 Unrestricted 2022 Total fid5 TNCOME AND ENWWMENTS FROM Other trading activÉtits Inv&stment income 85,777 33,983 88,167 38,071 Total 119.760 126,238 EXPENDITURE ON Charliablt *rtivitl Charitabl¢ Activiu¢s 129,793 114,097 Net gainsl(losJes) C inv¢sthMts (225,823) 46,424 NET INCOMEI(EXPENDITURE) (235.856) 58565 RECONCILIATION OF FUNDS Total fund$ brough¢ fon¥ard 3,066.790 3,008225 TOTAL FUNDS CARRIED FORWARD 1830,934 3.066,790 The leS fonn part of thC fintociai sthtements Pa8¢ 4
31 MAR 2023 Unrtstricted 2022 Tota] funds FIXED ASSETS IDvestmtnts Inv¢stsn¢nts Inv&stment property l J65,450 l J71.778 1,602,032 1.371,778 io 1737228 2,973.810 CURRENf ASSETS Cash kt bank 115,051 114226 CREDITORS Amounts fallJn8 due within one year (21,345) (21246) NET CURRENT ASSETS 93.706 92,980 TOTAL ASSETS LESS CURRLNT LIABILITIES 2.830,934 3,066.790 NET ASSETS 2.830,934 3,066,790 F11Tr4DS Unre5trict¢d funds 12 2.830,934 3,066,790 TOTAL FUN[ 2.830,934 3,066.790 The financial stskmtnts wue 8roVed by Bogrd of Trustees and au¢lKJrise4 for issue on I l August 2023 Bnd were sign¢d on its behalf by: GRewJ. The forni part ofthc5c finan¢ial sts*mc4Jts
AT ENDED31 2023 2022 Cash flows from operxting *ctivitieJ C&h 8¢n¢Tated frnn operatiorn (43.917) 16,819) Net ctsh u5&J in operating aaiviti&S (43.917) (6,819) Cash flows from investing ÈttivS¢ks Purch¢ of fixed asset inveslments Sale of fixed a55Ct inv¢s¢ments Exthange movemer Inierest received Dividerds rettived (229244) 14,180 225.823 130 33,853 (226.366) 285,364 (46.424) 38.071 Net ¢a8h pmid¢d by inveslin8 aclivities 44.742 50,645 Chgnge in ea$h #nd e#sb ¢quiletsts In the reporting perlod Cish #nd tAsh equivgl¢nts #i ihe beginnlng of the reporting period 825 43.826 114226 70,400 Cish and tash equivAlents at the end of the r¢portiii¥ period 115.051 114,226 The not¢s fomi of these financial staternts
TO THE CASH FOR THE YE R ENDED31 W STATEM RECONCILIATiof OF NET (EXPENDITUREYINCOME TO NET CASH FU)W FROM OPERATING AcfiviTIES 2023 2022 Net {¢ypemditureYwcome for the rtportillg pemd (•9 pertht Ststerntnt of Fln#ncixi Actlvltlts) Adjustments for: Loss&lgainl on investhients Interest r¢¢eived Dividends rex¢ived In¢se in creditors (235,856) 58,565 225.823 {130) (33.853) 99 (46,424) (38.071) Net ¢gh used In op¢rAtlons (43.917) 16,819) ANALYSIS OF CHANCES IN NET FUNDS At 114r22 Cash flow At 31n123 Iytt elsh CA5h * bank 114226 825 115,051 114226 825 115,051 Tot#1 114,226 825 115,051 The notrs fonn part of these financial st*m Page 7
HE FINAfi IA ED31 MAR FOR THE ACCOUNTTNG POLICIES $iJ of Preparing the finADtial ststemtffjts The financi8i stsiements of the charity, which is a blIC benefit entity Und FRS 102, have been prepared in acrdanCe with the Charities SORP (FRS 102) 'Aecounting and Reporting by Charithes.. Statement of Rewmmended Practice applicable to chsrities preparing their accounts in accordanee with the Financiaj Rep)rting Siandard applieable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),. Firwicial ReFX)rtin8 Standard 102 The Fin8rKial Rep)rting Stsndard applicabl¢ in th¢ UK and Republic of Ir¢land' and the Charities Ad 2011. The firtattcial statements have been prepwEd under the historic cost eonventio with the exccplion of investm¢nts whith an irt¢luded at mgrk¢¢ vatu< as m(dified by th¢ T¢V8luation of certain assets. Inme All incom¢ 13 recognised in the Statm¢nt of Financi Aaivitses once the chariry has tttttdement ttTr the fund& it is probable that the irKom¢ will be received artd the omount can be tneasurexl reliably. Expenditure Liabiliiies rt¢O8ni5ed as ¢xpendittue as SLN)n as there is a 1¢891 or constructive obligation committins the charity to that exp¢ndiiuJr, t¢ is Probable that a transfer of nOMiC benefjts will be wuired in 5ettl¢m¢ni and the amount of the obligation ethn be me&8ured r¢liably. Expenditure is accounied for on an accruals basis and has been cl&ssified und¢T headings thai a88re8ate ail ¢osi related to the category. Where ca8ts cannot be dir¢cdy attributed to particular he#din8s th¢y have bem allocated ivities on a blsis consistent with the use of resources. GrdnL% off¢roJ subject conditions have Thx been Met at the Y end date are noted as a cfjmmith)ent but not a¢¢Tued as expenditure. Investment property Investment propeny i8 shown at rn05t recenl valuation. Any ag8re8¢ surplus or deficti arisin8 from changes in fwr Yaiue is re¢o8nistyJ in the Sthtaneni of Finaneiaj Activities. T#x#tlon The Charity is ¢x¢mpt from on ity ¢lwi¢abl¢ xtiviti¢s. Fund ac¢ountin¥ UnTe$tricted funds can be used in accord with the charitsbleobjedive5 the discretion of the truste¢s. Restricted funds Can only be u5cd for pwti¢ular re51ricred purws within the objeets of th¢ ¢harity. Restrictions srise when specified by the donoror fund5 are rais¢d for particular restrieted purfv. FUrth¥explan10ft ofthe natu and purp of each fimd is irKluded in the not¢5 to the financial statem¢Dts. L¥)ntinu¢d...
TEST FOR THE YEAR E Af*CIAL IMAR ntin H20 OTHER TRADING ACTIVITIFS 2023 2022 Property rent Ground r¢nts 84,342 .435 84267 3.900 85.777 88,167 INVLSTMENT IIYCOME 2023 2022 Diyidends D¢wsit x¢ount int¢re5t 33,853 130 38,071 33,983 38,071 CHARITABLE ACTIVITIES COSTS futtding of tivities (see tK)te Dir¢¢t Costs 51 ChaTithble Aciivities 34,316 95.477 129,793 GRANTS PAYABLE 2023 2022 Charitable Aetiviti¢s 95.477 71,137 Page 9 continued...
OTES TO THE FI FOR THE EAR EYDED AT CH2 Dtinu GRANTS PAYABLE_ continued Th¢ lotsi grants paid to itwiwtions dwin8 the ycar w&8 as follows: 2023 2022 3,000 5.000 4.000 2.400 7,500 2,100 4.0¢ 5,000 3,440 2,500 4.000 2,000 3.000 1.800 3,(M)O Fare5haTE Impetus. Togethrr Spira] City Mission Hangleton Kttoll Proje£t SomeTset Day Centre Off The F¢n¢¢ Revi¢aiise Brighton Oasis Pmje Mlets Hospice Friends of Brightt & HoY¢ Hospitajs St Lukes Advice Centrt Guildcare (Worthingl Rise (Choir) Friends First One chUh Time To Talk ProbAtion AGL UK Brightsyn Kidz Klub FODJ & FrihIP 6.000 1,500 2,000 5.000 2200 1,000 1.487 2,(K>O 2,750 1,500 1,500 3.850 2,980 3,500 4.000 1,000 2.0(N) 4.974 1.000 78,394 51,587 TRUSTEES. REMUNERATION AND BENEFrrs There were no truste¢s' Yuiiunerafion cr other benefits for the year ended 31 March 2023 ngr for the ye*r ended 31 Mar¢h 2022. Tru8ttt$' expenses There were no tsitstcis, exrSe$ paid fvth¢ year ended 31 March 2023 nor for the y¢ar¢nded 31 Mar¢h 2022. STAFF cosrs 2023 2022 Wag4 and sarleS 18.522 17,801 18.522 17,801 The averag¢ monthly nwnber of employe¢s during the year was as follows: 2023 2022 No ¢mployee5 received emolumenis in exce&8 of £60.000. Page 10 o)ntinued...
THE TES TO TH CIAL STATE. FOR THE YLIR ENDED CH 2023 COMPARATIVES FOR THE SfATEMENf OF FINANCIAL AclEs Unrestrictrd fund INCOME AND EYDOWMEfs FROM Other trading a¢tiviti& Invc5tment income 88.167 38,071 Totsl 126,236 EXPENDITURE ON Charltsble A£tivlti Charitable Activities 114,097 Net 88ins on inv¢stments 46.424 NET INCOME 58.565 RECONCILIATION OF FUNDS TO fwmts brought fon¥aYd 3,8,225 TOTAL FUNDS CARRIED FORWARD 3,066,790 FIXED ASSET IIWESTMENTS. Cash and settlements pending Listed investments Totals MARKET VALUE At l April 2022 Addttions Dispos$ Revalu4tions l J92,578 229,244 (231,245) (225,823) 9.454 1,602,032 229.244 (240.003) (225,823) (8,758) Ai 31 Mah 2023 l J64.754 696 lJ65,450 NET BOOK VALUZ At 31 MaTrh 2023 1,364.754 696 1.365,450 At 31 March 2022 1,591578 9.454 1.602.032 There tb) investm¢nt assets Outside the UK. Pagell continued...
TE THE YEAR END ATEME FIXED ASSET lILsTMENTs. ColiNed Cost orvalu1on at 31 Marth 2023 is by.. Listed inveslments settlements pEndin Tota]s Valuation ith 2022 Valuation in 2023 1.592,578 (227,824) 9,454 (8.758) 1.602,032 1236.5821 l J64.754 696 1,363,450 io. INVESTMENT PROPERTY FAIR VALUE Ai l April 2022 nd 31 March 2023 1371,778 NET BOOK VALUE At 31 Marth 2023 1,371,778 At 31 March 2022 1,371,778 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Taxatiox and so¢iai Slty Oth¢r crediwrs 235 21,110 230 21,016 21,345 21.246 MOVEMENT IN FUNDS N¢t movement in fimds At 3113123 Ai 114r22 VDrestrkted f¥nd$ Gerter fund 3,066.Th1 (235,8561 2,830,934 TOTAL FUNDS 3,066,Ml 1235,856) 2,830,934 Page 12 continued...
THE TAT H20 FOR THE EPIDED IL MOVEMENT IN FUNDS- ¢ontiDued Net moverneDt in fimd4 included in the aiy)ve are follows: Jttcoming Resource5 Gains and ruourc¢s expend¢d losses Movement in funds UDrestri¢ted futtds GeneTaJ fimd 119,760 (129.7931 (225.823) (235,856) TOTAL FUNDS 119.760 (129.793) 1225.823) (235,856) Comp#rntlves for movemetst In Net movement in fun At 3113122 Ai 114lll Unrestricted OtraI fund 3.(K18225 58,565 3.066.790 TOTAL FUIYDS 3.008225 58,565 3.066,790 Comp8rntive net movement itt fillth. included in the alw¢ are follows.. bKomin8 and losses Movment in funds expended Unr¢strleted fund General fund 126238 (114,097) 46,424 58.565 TOTAL FUN 126,238 (114,097} 46.424 58,565 13. RELATED PARTY DISCLOSURES Ther¢ were ko related party tr8ns*ctions forthe ye&r ended 31 Matth 2023. Pa8e 13