Ch•rrty rnql•tr•Oon nurnb•r 11•1J47
THE DWF FOUNDATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENT8
FOR THE YEAR ENDED 31 MARCH 2023

THE DWF FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
&r D Nlchol CBE
Ms L Ogunyeml
M5 Z Bennett
Mr P HolLgnd
Mr R Binns
Mf E Ollver
Mr M S18nbury
Mr J Dames
M6 J Chamberf•ln
M5 C Ftrber
MT S Monks
IAppolnl•d 7 Jur￿ 20221
(Appointed 7 Jung 20221
Fwft41qlk4Th MAn•g•r
Ms C Boavon
Chrlty numb•¥
1191347
Prfn¢lp•l #ddr•
DWF Foundallon
5 Sl Paul's Squar•
Old HAII stre81
Liverpool
L3 gAE
Ind•p•nd•nt Ex4mln•r
Tony Stanley ACA
BWM
Temp88t
Suitè 5.1
12 fithebam Slraet
Liverpc4Jl
L2 2DT
B*nk•rn
Royal Bank of Scolland pk
I Spinningfiel(ts SqLtara
2nd Floor
Mpnchtslw
M3 3AP
8ollgltorn
DWF Group plc
PLC
5 Sl Paul's 8qu•r*
Old HAII Str••t
Llverpcol
L3 9AE
Ralhbonts Inv0￿ment M8nthgem￿1 Lknltod
Port of Liverpool Buildlng
Pier Head
Ltverpry)I
L3 1NW

THE DWF FOUNDATION
CONTENTS
P*9•
1-12
stAt8ment of Tn￿tee$, rnsponsibilrftes
13
Ind•pendenl exarnln•rfs rnp)rt
14
Statement of flnanryal athttes
15
Bglanc6 shoet
16
Note8 to the trln8naal st8tom•nts
17-30

THE DWF FOUNDATION
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2023
Tho tru￿••8 pr•o•ft1 thelr 8nnual report and finenclal stal8menl$ ol Ihe ehority for the yoar ended 31 March 2023
Th• flnenc4al statements have b￿ft prepar8d in a¢¢or¢lan¢è wilh tho oc£ounling polictes sel oul In nole 1 to lh8
financial stalem8ntS 8nd compty wrth the charity5 governlng documènl. the Charities Acl 2011 and 'Accounling And
Rep￿ts￿9 by ChAdlies'. Stalemènl of Rèeommend8d Praclice applicable lo ehariligs preparing their ac(x)unls In
8¢eord4n¢è wrth the Financial Reporting Standard applicable In lh* UK and Republic ol Ireland IFRS 1021"
19ffecti￿ 1 J¢nu4ry 2019).
A gr•nt gmno foundallon fo¢uslng Its r¥Wu￿¥ on Ihe themeB ol..
Homelossness
H8•lth & th￿lIbe1n9
Employability
Ed[￿at￿n
Enmronmenl and sustainability.
Th• InMI￿S conllrm that th•y havè rgf8rre<l lo tho Charfty Commlsslon'l guldonce on public bgnèfil when rewewing
tho Trusl's aims and obiecliws, in p18nning lulure aetivillas, and setting the granl making policy for the year.
Th¢ foundat￿n furth&r$ 11$ charitable purposes for the public benèfit Ihrou9h its 9f8nt-m8￿ng poliry which aims al
8upportiryJ Ihe thom¢s at4)ve. Wlhin thesè the Foundation has been set up lo particulafly help wrth Initialiv6s Ihal
and improvo local communlties by..
Tackling 8p•ofic LX•mmunily Issuas.
Iping voluntary and ¢ornmtsnty grot*p8 b8eorn• more effective and efficient.
Eneouraging Ihe involvoment in thè community of Ih05e loo often excluded.
Enabling young Féoplo lo d8velop skills for Ihe benefil ol Ihe community.
Our Msion Is lo encourage people within DWF PLC lo work log¢lh•r as a calalysl for change.
DblF F￿nd*ll0n was launthed on 181 Decombef 2015, tha origln#l strudurè was an unincorporated foundation. In
2019 th• mado the doclslon lo thango the slructur6 ol Ihe foundallon lo a CIO and this entity wa5
<Wbflmwd In Seplembor 2020. The assets of the DWF Charitable Foundallon 1115722gi w8r6 transferred to th&
Foundalion 11191347) on 31 March 2021. The DWF Charitable Foundalion 111S72291 was dosad on 31
Mwch 2(Y22.
Th• Dvffi Fourbdalion has iargeled Ils fvnds lo $upport our •stablished community themes. Charitabl8 donations
arn agroed by tho FourKlallon 808rd of Twsl8e$ #nd supported by DWF Group plc local CSR Groups who are
Ivolved in th• leedba(* for grent applications recalved, shoring local knowledge lo help granl rnaking dÈdsion.
d•liberatsly ￿arch out applications which awo distinctive, Impacttul and align with the Community themes whi¢h
•&Jr•M tha mèin cs)nc•ms of local cKJmmunS1I0$.

THE DWF FOUNDATION
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 IAARCH 2023
Thg Foundation's incr)me o)mes from a v81ièty of soure•$ through GfOUP plc The bulk of irlcom? 18 g•￿rated
through thé fundrthising efforts of people wilhin DIAF Gtoup pk. with a modest incomè stream comin9 from payroll
gmng. dormant accounl lunds {re61duel ba1￿ceS) and ad ttoc thThations from DWF GroLtp plc dkW)1s 8nd sU￿18r5.
On 13 Morth 2019 thè Charitable FoundatKJn r￿￿e￿ 8 donaJon 011.8 milllon shar*s as part ofth8 IloatatKJn
of the Lthy PLC busin+￿. Thi$ gnl was lo supporl th8 loundauon grant gwing. These shares weie translefred
lo (W FoundaliM on 31 March 2021.
OWF PLC (xmnty pays all the oVert￿ad$, indudlng s14ff ￿51$ lor th• loundation.
The I￿$t￿￿ app(xnled Rathbones k* support them In m•n8glng Ihe shares and maximi6ing th• relum on
The trustees have estabhshed an I1￿￿5t￿ent comrnitte8 88 part of their governan￿ structure To manage any
clmflxl of Interests this (x)mmiUee indudes 3 of the independent truslees who wll ￿ad on any d￿"SIonS regarding
shares rdab.ng to DWF GToup pk.
Qrnnt MI￿n9 pollcy
The F￿￿rt￿t￿ has èstsblish&J ts grant maklng ￿)lIcY to achieve it5 oblethes for the bertefft ol the public. The
DV*F Foursdalion prowde lunds, resourtss and SUPF*)rt to help ￿mmun￿e$ aChIe￿ their full Wontial. The
benefic4anès ol tyjr grant making programme are It￿e éxpertèn￿ng disadvanlage.
The FoUnda1￿n In￿teS 8pWlc4trons for grants registered ch8rfties ApplI￿ntS submrt an sp￿1¢*￿0n via our
onllne OP￿￿￿on process. Details ol hcrty lo apply for grants tooether with the relevant forms are avaiLqbl8 on the
DV•F wgbsrt" • IwKw.¢*4vf.L4wlat4Jui.uslth*l.fourthtT'onl )
Tnrnt•￿ been redts1￿ al￿ the monvrf th8f be r%Jmmrtied lo good causes. focusing on small but effedive
Ihll make a 98nuln• vnpad. Thwo ar• man8pm#nt sysiems In plac8 Ihal Ofè dèlrvenng slrategK.
Iht• to lyJ*J on tN• frsmffwolk to •nsvre thal the Foundallon Is indepondant tr￿rt fomis an intagral part

THE DWF FOUNDATION
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
A elw ond transparent approath lo ovalualbn 1$ en Importonl objectsvo for us Ihal the Foundation has been
bedded dtywn. As a first slep. already rnview the projects supportod to ensure Ih•y meet tho slalefl aims ol Ihe
F(￿￿￿01￿)rt arHS eomply the themes In addition, we collato and feedback fri)m a cr0$5 section ol
th4nb•s to updersland the fftipact of the fun¢Jlng received
Thos• who rwved fiJndirb3 from the foundation are asked tts compkte an evalual￿n reFQrt 12 months after they
h8ve Ihe grdnl. do encourage our projects to send picture5 but apprecth by the nature ol the
prqgets we wpport saleguardlng can make this dtffi¢ult.
1fAYA of through fundraislng and inv•slrnents ￿11 ￿ gfven in grants
IMF Foundth operatsrwj gjsts are covered by Group plc.
To date it has boen the dectsion of th? tnjstees to spend the lunds available at èach grants meeting SIr￿e the
impact of COVID and th* pw)lenbal drDP Inci)m• frs)m both fundraising and investments the iwstees are carelulty
thg(r granl funds cashll(yw W￿1$1 sorne recovery has been seen in Irwrne has nol returned to the
lovels soen pre COVID and the tntstees witrnue to camfulty manage thelr cashflow.

THE DWF FOUNDATION
TRUSTEES, REPORT ICONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Th• prlnup•l nsky f•¢ed by the Foundetion Il• In th• F*rform•n￿ ol ftjndrai￿n9 •Ctfft, m•rwin•nl of
Inv•6lm•ni* tsp•rnlion41 rlskl. Irom Inoll•ctiv• gr#nl m•king and poor fvndfai•ing •ciivlty
nA
•m•nt of Rb•
he wrntlon•l Irom grAnts Jw?rd
h•t ar• Ineff•ctw In supporting Iho
•r• dI￿d¥An1¥9•d
h• pfwjis ol i•porting •nd r•￿th¥ I#￿•t8 ui, *nd Iho
upport. In ko•ping ol th• Imp•cl our yrbnl giwng h•1 h•d
lo r•NknV proc•*• rel•ln• our locu• tyi th• publk b•rnrn d•r
m oui fvnding ol Ih•ir work
rtsk ol a laek of lo •ff•cliwJl
4nage lh• oranls programme
19 18 mttigal•d by #upporf ITOM DWF Group plc In p￿￿dI
laning and olh•r rg•ourc08 lo h•lp In Ihe opor•lKJn•l nwn*g•m•n
I th• Found•llon.
omm•nt In pJar• wllh ￿ group pl¢ outlknth9 th• wpport an
ow th18 wlll be giv•n
•l•lning IrLs$te•s ol Suffic￿nI $klll •n
Xperll￿ lo chair and poo￿* who w
vpport
• board appolnt•d 3 Ind•pJnd•nl INSI￿$ lo •ssl•l
anagern•nl of lh• eh•nty, as Ih•y brought n•w •*ll• •uth
nv•Jlment knowledgè
lo 01￿ holped m•naae any ronfliel ol Inl•r•$li Ib•t mbhl *rt
r•8ult ol the Bhar•3 T￿1Vod from D
sleblishlng a ODv•rnanc• group lo molnl•ln o¥•r8&hl
ov•rnonc• r•qulr•m•nlJ
•due•d Incom• Irom hJndr•islng an
n￿lIMent •dlvty
ppointlng Inv•8lm•nt m•n•g•rs lo lh• bo•rd ttnd m*
n￿sIm•nI8.
Bnaging e48h now cfjrofvlly to plan lor lutur• m￿lIng• •nQ m•k
uro fund$ •v•il4b
l up lundrnislng commlttee 10 41811V •nuJurag• •nd •uppo
orking wllh •mplOy￿1 •niJ Ih•ir lundraljlng •ffo
mowng lo lh• CIO 8tructur• thfr buil￿ hawi •lw r•vw•d th• R•••N•J Poll¢y and Incroas•d Ihls frDm £6k
to £10K
Th• In￿• •lrn lo mthtnialn ffw r•fj•rv•6 In unM•trlci•d fundi al £10k
Thls IMI pmld• •u11￿1 fund• lo rwnd to •morg•nry •ppllc•tlon• lor urnnl• •nd •n•urn Ih•l gowm•nc•
Th• Iru•tM• thot 1$ tAffldonl th# Illy1￿lIty allorded by Ihe Support givon lo Cts￿r njnnlno cosls
by DWF PLC For •x•mpl• th• Foun<Jalton M•nag•r is &￿￿￿Y•d by DWF and •0trJnd•d lo OWF Foundaljon, any
LNXt• •we*i•d lo thi$ •mpknym•nl or •ntt￿9 of Ihll •mploym•nl •r• lh• r•sFy)n•lbilily ol PLC.

THE DWF FOUNDATION
TRU8TEE3' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
In Ntyveml)•r 2020 Ihe Foundalbn addllk)n•l Ihwn• cl Enb*onm•tt and Su•l•inJbMty ts rts for
w•as ￿11•111 had 14Jthd•d •nwrt)ftm•nl•l o(livity Ihiwh Ill olh•r Ihemo• ￿ •OLu1￿ 8nd health ory1 bwy,
In io 10gdb#ck tho IwBtkn• w•ntod • ¢l••r•r m•sw• rt ￿$h•3 to $UpF￿ •nMrrAYMnt•l
rA￿tInu• to look It th• way w• aranl gN• to •mbtyJ Ilw prfncylei •nd In F•b 2021 odded tm qu•slth lo (
•pphCa1k￿ form ' H¢>w do you ton8id8r your Impacl on ts •nvityim•nt w￿n yow
Ihw will h•lp Inlorm oui granl giving lurthw
The seal• ol lh• dimalo Ihrvjal. and the scah of lh• •olutbn• n••d•J. m••ns Ih•t thls i• •n wu• for d p•rt• OIL
And for all ch•rtlable four￿al￿8 Clim41• chan99 IB J h•plth 15w•. an •qu81ty i•w•. •n •d[￿l￿al
•n ￿n￿rn￿ Imue. a ¢ullur81 Issue. a scaenliflc IULb•. a ￿￿rity Issue and a local cornmuriity issu•. as •* K*
•n￿rOnMan1•l i88U•
Ther• i• a SPOU01 ro8ponsiblllty on ftyJndallon•, whos• M8•ts •rtr h•ld lor lh• pubk kNhxf, to u•e r••ourc••
and Indo￿[mI0￿c• lo rl6• lo Iho ch&lleng8 Through addlng our ￿dd￿￿￿1 pill8r of ￿MilI￿￿t and suthn8blrf
w• roe4n18•d thal Ihe grfming cJimal• •merygney ix 8 s•r1<￿8 •nd we Ihrough OUT 914nt gMNJ e•n pl•y
p•rt In addreswng lh• ¢auses of dlmat• ¢h•ng•
Thè Fund•rs Commllment on Climato Chany Is h081od by the Assoryalbn ol chjnl0b￿ FL￿datA)n8 IACFI Th
Jmmilmonl ouUin•s 8 prtnraples lor lundors lo wgn up lo, lo demon51rale thèir commrtment and they ar• vwwj
Ih•lr r8SOtii¢es to brtng aboLrt chong•
This Include(I how we educale our own p￿pIt on enviffonm•nl lo
our granl mO￿A9. lThf WO C4)mmit ow re￿￿rCaS and even how we manag¥ our Inv•slmonts
Found8lb)n I￿Ne￿ up to the commrtmenl on O J(tn• 2021 lollmng Its l¥un(* ol rts SD ol
and •UBl•inablllty In Novemb•r 21Y20
On 25 F•b 2￿23 w• gw• our ••¢onfl upda1• a8 part of our Tr Fundorn Commllm•nt on CKmal• CharvJ•

THE DWF FOUNDATION
TRUSTEES, REPORT (CONTINUED
FOR ThIE YEAR ENDED 31 MARCH 2023
•mmltlm•nl
Du￿TE AND LÉARN
tln
th1• ¢ommllm•nt
Updalvs Iru310e meeling
Found8lion Managef has 4Mend8d & numb•
ol Inlomialion session and dlscussion evenl
to engaga with olhers, shJr• 188ming an
leam ITOM olh8¥F+
Additional queslion on Ihe •ppllcqlion lo
ajking aboul 8usl#inabilily wh•n plonnln
Iho prol8cI. Inforrnolion gathered will Infoi
oui
ranl i￿n
act
oin
lorw8rds
Plllar ol Environmenl and su818in8bility I
focus retyovrces In Ihij bma
In 2023 w• plan to tlelivor *￿rk•hoP/1
cOn￿derIng sultolnabillty wh#n plannlng y0
prol•cl
wlll mak• OWOTlunitios frm our tru$t••S. staff an
tak•h¢Yd•rs lo mor& aboul tho koy e•u$•3 ttn
ol ehmJl• chonge
OMMIT RÉSOLIRCES
11 txxnmtt r•sourc•8 lo ac￿leT￿le work th4
thjrnsses th? caus•s Ind lrnpacls of climal
ngo 111 our govgrnino docum•nl or
Ih•r l*rtors mAke It dimcull to dli•clly fund lu
w• will find olhgr ways lo contribule, o
nsider how such barrt8r8 ml ht b& oveftome
NTEGRATE
Our applleallon procoss Is onllne
Continue 85king quesllon wilhln th• gran
fomi relating lo eonsidoration of th
•nvlronm8nl whan planning prol•cl8
Ihln o¢Jr "Making an applicetion se8810
we now Includ•, Congid8nn9 SLislainability'
Paperl8ss syslems
Grants nolificallons all *lectronic
Evalualion online
roees5
Imlhin invtrstmtrnl policy r•gording fulsjr
Invèstm&nls os w$ div&ryity ond stll do
th8 holding In D¥ffi PLC lo *•ducts r+sk
ke this a slending reporling 11gm
R8lhbon•s
thln all our •xtstlng programmes, prlorfties. An
roc•sse$. we will sggk opportunilies to contrtbule I
lair and lasting transition lo 0 posl carbon society,
nd lo Support ad•plalw lo climfjte change Impacts
TEWARD OUR INVESTMENTS FOR A POST
-ARBON FUTURE
11 rnwgniso dimale eh•nge 85 a hlgh-l•v•l ns
o our Invtsslmènls. and Ih•ffjfore to our mission
I proactively addr8$5 Ihe r15k5 and opporlunlll85 0
lrnnsllhm lo 4 post carbon e￿nOmY In ou
nw•lmoxl slr•t•gy and 118
Implemenlation.
nising Ihal our dectwons ¢an conlribule to Ihi
r8nsilion bein
achwved
ECAR80NISE OUR OPERATIONS
M8iorlty of Iruste• mevlings now onlin
We hovo a Irav61 vrtlh purp058 pollcy mi•
to meetings and project visits
Use of public Iransport encourng• lor an
travel
Onllne
licallon and roviow
Update lo Funders ￿mmItMent lo Climal
Change
Sedlon in our D￿F Foundallon Annug
R&pM)rt lo Chorfty Commi681on lo updale o
•h(M progre¥$.
will l•k• ambilkw5 •Ctlon lo mlnlmlBe the lx
Ipnni ol our own OForatKsn$
EPORT ON PR¢XIRESS
annualty on our wogross againsl
go•ls ts#l•d wll conknnu8 lo d•wl
r y•dic•. to 18•m from otheTS. and lo shar• ou

THE DWF FOUNDATION
TRUSTEE3' REPORT {CONTINUED
FOR THE YEAR ENDED 31 MARCH 2023
Th• DWF Foundalion IB dèllvefing on Ils 14rgvl8 ond ￿11 t￿ntInue lo do •0 Ils r&mil 18 wdl de919r￿￿ and
eomplements the OWF PLC 8lr81•uic approarh lo CSR
M h•8 tr*n•pthrEnl and robust managem¢nl woc•sse8 In p18co Énd Ihe TNsle•s partldpale #pproprtJt8ly In 18mi8 of
govomonce. 5etllng prlotilies, setting gronl levels, monitorlng ovlpuls and pl8nnlng lo maxlmlze the Imp8ds and
•llecllvgne5s of th• Foundallon and gn3ure its indgpendence from DWF PLC.
Fo¢u$ for 2022rd3.
th lh$ ro¢gipl of th• donatlon ol shorelsl from DWF Law PLC the IruBlee$ wllh tho 6UPPOrt ol Ralhbones th•lr
In¥e#lment adw3er8 rèviewod the Investment Pollcy and conllnu• lo monllor Ihe plans and progr8sB for the selling
down of 50% of Ihe 6hares to enobl• a more dlv¢rs8 Investrnenl portrolio and mBn8ge ￿￿k
To en8ur• Indepènden￿ and mgnage any eonnlds they ho￿ #ppoinled Ihree independent trLtst8e8 Inol as8oaat8d
DWF Low PLCI to loin lh• tjoard
0￿r819h1 of the Investmgn13 is done by our Inv8strnenl Committee who mlet on a quarledy besls Focus Is
rrently diversffl¢otion of tho investmèni portfolio and Income generation to support grant 9iwng
The n•w CIO was 8ureed by the Chafity Commlssion on 18 Septernber 2020 and the trusta•s ho￿ ¢omplo1gd the
PTr￿eSS 01 Iransfemng to Ihe new slruelurè The old charity11157229} has now been doset1.
regularly our granl g￿ng to streamllne th8 Process and ènsure wo are doing our due diligenea. One of
our ch8lbnge$ is 6UPPOrting Intamotional proiecls During Ilie coming year we wlll be r&viewing our pr¢xes5 for
int•maiional glmng #nd leamlng from olh¢r fovndalions lo holp us have a robust, Ir8nsp8rent And a￿$s1b1&
proc•88
Improv+ng th• quallty ol Ihe applJc811ons we rec85v• Is 8 thallenge and dudng Ihe ¢omlng year we will c£Inlin￿ lo
n o seriès of onlin4 workshops on "Making an Applic81ion" to offèr Support and guidance lo those who wish to
mak• an applic8lion
particulady laTgeling Ihe smoller organi5alions lo help ¢J•volop their skills and
undeTslanding about making applicaknon IhAI will nol only Increese their chanc6 ol *ecelving our funding bul wrth
oth•r fvnd•rn too Th*￿ ￿$s1on hav• bo*n w•ll rs¢•lv&d by choriUes and feèdba¢k has been pos11￿$.
ca)6•ty wlth the bu•iMss. we elm lo Idanufy opportuntti•$ lo ra16e more money In 8 way that Is benefidal lo
OUT brnThl Klth polfjn15al lo ￿9890 oJlobor81g wilh DWF PLC dienls.
In •ddth¢)n. w• cx)nllnue lo WO￿ the business lo Njenlfy opportunities Ihrough fvnds I￿rn DWF domianl
•¢(*unlJ To acc•sB furthor fund• al a higher level wè arè worklng with the business lo design a procgss lo ensure
w• lir• ab￿ lo b•n0frt from fvrth•r domianl dienl monlfrs now have In pla(x o lelter ol ggreement regaTding
dwnanl 4¢x￿￿nI fvnds 4nd h•v• provthd the necessory indemnlty lo receive Ihg fvnds. To promdè thi$ Indemnlty
w• ￿¥• •qfeed a pr(Ke￿ in who the lunds vrill tse managèd And idgntlfied 89 part of our ￿der investment strategy.
T1￿ no•d3 to b• mnaq•d c4r•futty and w• wll conlinu• lo proceed wllh c4ullon.
In th• Uk￿ne w• Twork•d DWF •mpSoy••s lo r8lse funds lo support the r•lid &ffort•. Thi•
w*• fvrthw Sup>￿•d by DlhF match I￿4n9 01 £50K r•¢•ived In May 2022. Th¥s• fvnd#
w•rn W •xp￿d*￿ in y••r g• In nol8 17

THE DWF FOUNDATION
TRUSTEES, REPORT {CONTINUED)
FOR THE YEAR ENDED 31 AIARCH 2023
th• r•mN 15 to bentrfft gront gmng. w• we al￿ *thJng wlh a numtJ•f
(rf cl￿￿*5 hab* b*xfthd fr(xn th¢ Foundatw lo d•lfv•r ￿181*s11r•j ￿￿ntO•￿ wgect•
Y•lMht OV•F can b(th 9T￿ and re¢eNe funds Intematwalty Ihe thahng• comès lh• thx in¢entrk
ct•*•bbe e•¢h (wilry In ¢yd•r lo acc•￿ and m4￿miS* incA)m• may n••d to con••Jer Ih
n*J lo hm 8 Chon￿ body m c411w local￿$. To support ihls expans¢rys th• OWF FOundat￿n ehlnged
¥lnyAw• tr> • CIO wyj tho c¥MnirvJ y•ai b• eKpknrtng Ihe pol8nts•l I neod for thanlabkn entrt￿l olhor
tXThg Iho post y•w tA* hrn be•n •xpknThJ lh8 ￿ttsn9 up 8 ¢*antabl• entsty m Auitralw. Jt preo•nt w•
. • n￿1*1￿￿￿ 01 £2[￿% pw annum lo suppNt Try1ster￿ rt￿nI￿ gk*aNy
. S•nxY18aO•rs lo thomwon the FouThJat*x and rts awns and Incwso th•ff Mwble partvpatw
. 1rAyA ol ehanlat4e donotK>ns gkjbaty to b• dlroct•d thr¢xyh th• Fo￿d81￿.
. IbstrtAthI (Artsth the UK l¢urr•nty l0%1.
. rwiis•d thrd as a valuabl8 sourt• ol IOF dwnl

THE DWF FOUNDATION
TRUSTEES. REPORT ICONTINUED
FOR THE YEAR ENDED 31 MARCH 2023
.Coftttnu• lo a pioyrammtr of partn•rihi
Iwn9 •¥•nt• ¥Ath DWF GfOUP plc d•nt•.
onlinue to dev•lop pl8n• lo lurthor engage
Proup pk Inl•melional offlce8 In DWF Found811
c¢ivillgJ
Dov•lop pl•ns to lurth•r •ngJg0 Group piq
nl•maiional ollk•s In DWF Foundation •ctivrti*•
Further dev•lop lh• Jyilem8 8nd govemance lo hol
an&ge our grant githng
.Furlh•f d•wèlop th• syst•ms and gov•m•nu lo hol
n•gtt our grant givlnu
To I•￿￿￿ our progreis again¥1 our environment
mmiim¢nl•.
ol our Dorm•nl Aco)unt$ fundB an
marK• pr(￿8￿•$ to •nobla ui lo b•rt?r rK•i
nd m•ntyo to ma¥imLz• Iho u•9 frjnds
To further d•v8lop an onllng 011orino of lundr8t51n
ctlvrtleb lo h•lp bellar engoge the changing workin
nwronm•nl
.Furth•¥ develop our onlln• workshop6 lo do1￿•
pport lo chants•s r•l4ling
considerin
ustslmbllity vth•n plannln9 your proiecl" in line wrth
T c4mmrtrnnt to Fund•r Commrtment to Climal
har
.To ￿ntinUe lo d&velop a pL9n of natson81 on
undraljing chall8ngeJ
Furthèr ongayo DWF Grotsp ple International office
n Foundalion activ*l188
.To lurth•r devasop an onlino off•nng ol frJndr8i$in
lo halp beit•r •ngage the thanglng working
Grtyw our gr8nt giving and fvt1hèr devèlop
y$t¥ms *nd gov¢M9n￿ lo help m8nage thjs giwng.
.D￿oI￿P plons to lurth•r engag• Group pl
n1•rn•tK￿ll offltxg In OWF FtyJndatK)n #cbvlti•s
.To reM$ll the opllons of dIarrtab￿ OWF Foundatio
ntty In 8nolher jurisdictlon to support our fvndr¥isin
nd grant giwng.
To de￿ an onhn• off•rirMJ of fundraising aelivititri I
p better ongoge t￿ o*anglrtg working gnvironm6nl.
TO furth•r devolop the onlin? off•nng ol a¢tIvtt￿5 I
elp bètter •ngggè thè ¢han9in9 worklng enwronment.
.To c4)nlK)u• lo wtth omploy••s to g
untotirtng engag￿onI wrth DWF Foundatio
Pptxtod pfoJocl3
.To ￿ntinU0 to work wilh DWF eM￿0YeeS lo g
olunteenng engagement with DWF Foundatso
upported prolact8
DI￿ Foundelion InJal•o bogrd membership t
•ny sktlls And dmirwly g•ps #nd rncrurt

THE DWF FOUNDATION
TRUSTEES, REPORT (CONTINUED
FOR fHE YEAR ENDED 31 MARCH 2023
The DWF Foundat40n 15 a r&g1$1gred CIO, numbèr 1191347
twst was In￿￿lty sot up by OWF LLP and thè launch of lh& OWF Chanlable Found8tlon markod a s￿nt11c•nl
slep In their Joijmey lo develop a culture of ¢onlribulion The Found8tlon builds on the axisling eommunity acllwty ol
DWF PLC in a focuse(l and strategic way and dèmonstratos Ihal wh•n wg 811 work logelh8r w• con mako
signiknnt, posli￿8 Impaet on Ihe communities in which we live and work
Th• D￿F FoundAIK)n has an Independent board ol Iwslees Ihal ale rè$ponsSble fow Iho ovei8118cllvN185 of lh•
foundathon
Ntrw t￿J￿8t$ aTe 8ppointed by tho ex15ts.ng tru5t8e5 bnd s8No for three years after whth they MAY pul Ih•m#8fvo8
forward lor wppointment The Trust Deed pro¥Nles lor a mlnimum ol Ihreo ¢ruslee&. no m8xlmum numb•r of
Irust••5
At tt* quartglty trusiees, m•etings. Ihè trust•ès &groo tho broad stratègy And aroas ol actfvrty for lh8 Tw81.
thduding consKleratson of grant making. investment. res8Tve5 bnd nsk management polic4es Bnd performance The
day to day administTabon of grants and thè proeessing and handlin9 01 appIl￿tIonS pnor to consKleralton ty tho
relevant Subcommittee is delegated to th8 Fo4Jnd8llon Manager.
The twstaés Seek to follow the good Wadi￿ 'ChxFty Trust8es Guide, issued by ICSA. We ￿1Ve￿O thg
Govemance SLFb Commrtleè on a règulsr b8$1s lo keep the Skills Bnd composrtion ol the trustee body arKI
succession planning urKler rèwiaw and, whem neoded. to r8cruil new Irusteal51 lor their expen8n￿. empathy and
knuwkdge of the charty. The trusIe￿ ha￿ a150 dev8lop8d A coda of ujnduct for 1rust￿S Including forn￿1
slatements of role and reSpon￿bilItIeS and provision for trustee lrnining.
On Appoirrtment. new truslges a m&d81 Iwste• dadaration stalemenl commming Ihem to gNing of thelr lime
8nd wAp•rb"s#.
Induckn inf0m￿tioft Indudes:
.A hlstory of the DWF Foundation
Twstee bwd and SLFbcommrtt¢• minutes,
.CofistrtLrt
.Chanty Commi55#)n's guidance'The Essenllal Trus18e'. What You Neod to KnovK
IOF G￿￿e to Fundrar*ng for TnJst￿$.
.Chwrty Commi5yion's guklance on CThpor*e Foundolion$.
To suppyt th¥ $4)v•marth of Ihe ch8r*ty wo hav• ￿¢$blISh￿ sub group8, wmh torm8 of r•I0￿nCe whtch report ¢0
io.

THE DWF FOUNDATION
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Th• tNslees consider the board of trustees ond Ihg FoUnda1￿n Manager us comprising the key rnanagemènl
personn81 ol the chanty In charge ol directing and ￿ntrOlling Ihg chanty and tunning 8nd operating the charfty on
day to d8y basts In Sepl•mber 2021 Ihe Fovndation Manager Wks joined by CSR Apprèntice lo support the day to
day wnning of the charity
AH Irust8es give of their time freely and no trustae remuneralion was ppid in Ihe year. Details of Injsletr &xp8ns•s
8nd reialed party transathons ar& disclosed in nolg 2 lo Ihe aeeounts.
Trustees are réquired to disdose all relevant InleTesls ond registor Ihem wrth th• Foundation Manager ond in
a￿rdar￿e wtth the Trust's policy withdraw from derJ5H)n5 W￿re a conflict of interest arises
Th• F￿n￿at￿M Managè¥ Is èmployed by DWF GTOUP plc and seconded to th¥ DWF Fo¢Jndation 3 days A we•k.
Th5 M shown in Iho accounts as an In-klnd CA)nlnbutlon towafds Ihe operational ¢osls of OWF Foundation.
&r Duncan Nicol {Chair from September 20201
Jim Dawes OBE I Chair lo Seplernber 2020)
Jewe's Chambertain
Lindsay Ogunyemi
Stanbury
Roberi 8inns l apwnted Sèptember 20211
Oliver { appoinled Seplèmbtr 20211
Peter Holland l appoinled March 20221
n Monks (8ppoinled March 20221
Carotyn Ferber l appointed June 20221
Zolinda Bennett l apk￿'nted September 20221
Poundatl¢)n M*Mg•r. Clarg 8èavan
prtn•lp•l omm: DI￿ PLC, S St Paul's Squqig ad Hall Strnat LI￿￿001 L3 9AE
Charlty Numb•r. 1191347
Ind•PW￿fit Ex•mln•r¥: BW CharteredAccounlants, Suite 5 1. 12 filhèb8m Str•¢l, Liverpool L2 2DT
B•nk•r•: Royal Bank ol So)Mand plc. 1 Spinnin9fields Squ8ro. 2nd Fhjor, Manthesler, M3 3AP
Solloltorn: DV*F PLC. 5 Sl Paul's Squaro Old Hall Stwt LMarFwl L3 9AE
M•wi¢•-Tumor. Ganlner LLP, 15th Flcx)r, Milton Hw. Milton Str¥ot. Lt)ndon, EC2Y 9BH
DAC BEACHCROFT, Port*aN P*e. Portwall Lane, Brtslol 8S1 gHS
In¥••￿ Il•nAg•rn.' R4thbon• Inw$bMnt Managem•nl Limrt•d. Earl Gr•y Hout•, 7M5 Gr•y 8tr•01.
14•wc•¥ll• Trn•. NEI 8EF
11

THE DWF FOUNDATION
TRUSTEES. REPORT (CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 202J
Th• TnJthi' rnport •ppffjv•d by lh• ao•nl ol Tw•lM•.
Slr Dunun NleKol CBE
TN81•• ICh•lrl
O•hd. ..S.*.l.Is.i..,v J I

THE DWF FOUNDATION
STATEIAENT OF TRUSTEES. RESPONSIBILMES
FOR THE YEAR ENDED 31 IIARCH 2023
13-

THE DWF FOUNDATION
INDEPENDEKf EXAMINER'S REPORT
TO THE TRUSTEES OF THE DWF FOUNDATION
I report to th• trustee8 on •xthnation ol the fin•n¢ial 8talem¢ni8 ol Th• D￿F F¢)undatlon (th• chjfity) for Ihe
y¢•r •nded 31 March 2023.
Th1• rew ￿ m•d• to the ch*rW• tN8lee8. 40 • boty, In o¢¢ordanc* Seclm 145 of th• Charttkls Ad
2011. My •xknnallon hao beèn undertaken so that I mbjht stale lo the GIO'S tru$lees Ihose matttrn l im roqulred
to •t•l• to th•m in In Independent Ex8mlnerf8 report for no olher purpose. To the fv118$18xlMt p•rnrtted by
l•w, I do not accapt or aSBum? rnspon%bility to anyone olher Ihan the CIO 4nd th• CIO'8 tru¥t•es •s • body. lor my
•tythatlon. for Ihkn report, orlor lh• ￿nIonS I h•v• ltyrn•d.
RMpon•lb51WM and b•¥l• of r•port
As th& INitees of th• th8rtty you rttsponslble lor the prtparallon ol th& flnanclal st#t•ments th •ccord#nc• vAth
the roqulro¢Twnts of the Charlllea Acl 2011 Ith• 2011 Adl.
l r•yct of ry of th• ¢h•thl• flnond•l 8tatem•nts under s•don 145 of the 2011
Ad. In carying out my examination I have Nowed all thé 8pp1k*b￿ Thredions gtv8D by the Chwlty ComnlMI
under ••clKffi 14q5)Ib} ol th• 2011 A
Ind•p•nd•n¢ •￿￿￿￿•￿# •t•l•m•nt
Your altenilon L8 drw*n lo the fad that the th¥rfty ha8 prnpornd flnandel statements In aLrordanc4 7Ath I￿oun11￿9
•nd Roponino by Cha#bes prnp•rfng thtlr •C￿vnI￿ In accordan￿ wth the Flnan¢ial R¢pO￿.n9 Stand•fd Op￿*¢abl
In lhe UK anil Republt of Ireland (FRS Iir21 in preference lo the Accountlng #nd Reporbng by Ch8riti•$.. Slotemenl
al R8comm•nd¢d Pi•L*e ijiued on 1 Aprtl 2005 whlch li refewred to th the ext•nt ngu￿tIOnS bul now been
l und•rst8nd that thls h•¥ been dono In order for flnandal 5tatement$ lo probrfde 8 tN• and fatr In •ccord•nc•
thlth G￿er¥I1 A¢e•pted Accounting Prndlce èffective lor reportlng perlod8 beginnlng on or aft•r 1 January 2015.
I h•w e4MTyletsd ry •xankn•tlon. l LyJnthm th•¢ no mattern h*w cs)m• to my •tt•nUon kn C¥JM•ckn wllh th
•xamkn•th7n glvkng ￿ cou8e to beU8v• that In any m&lerio1 r*$p•cL
•ccounOny recofdi wern not kept kn r•$p•ct oftho charlty ag rnqulr•d by M¢llM 130 of lh• 2011 A<. or
the fMdo1 •taten&*nts do not e¢o)rd wllh thosa recordi." or
Ihe ftn•nd*l 8la¢em•nts do not compty 4¥llh the ￿k•blo rtyulrement• c4Jnc¢mlng the fonn Ind ront•nl ol
•ccounts sel out ui ¢he CharlUe• (Accounts and Rtport8} Re9ulalk)n5 2LTh)8 other then any r0quirw￿nI that th•
•¢o)unl• gtr4* i tn* and f•lr **ow whlth l• not a m•tter conild¢r•d •1 port of •n kndepend•nt ￿￿￿natIOn.
I h•w no cAxK•m• •nd h•ve ¢cffl• •c¥o•• no olh•r matt•rn kn C￿￿•(10n the exwnln•lkni to wNth ¥tt•nll¢)n
Jhj b• On repNI In order to •n•bl• a proper understsndlng olthe statem￿ts to be r••c*fftl.
T•)ry 8tsnl•y ACA
5.1
L2 2DT
14-

THE DWF FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2023
Unr••trbet•d R••trlct•d
lund•
fund•
2023
2023
Total
Unr••lrf¢t•d R••trfct•d
tund•
fund•
2022
2022
Tot•1
2023
2022
Not
Don•iions and
legaaes
InvMlmenl
121,782
88.428
121,782
88.428
81,386
88,846
80,319
121.68S
rotal Incom•
190,210
190.210
130,012
60,319
190,331
Ralslng fiJnd6
12,436
12.438
13.182
13,182
Ch&rrtBble *ctlvit1•8
244.698
57,818
302.517
255.$91
258.091
Tot•1 ex￿ndIture
257.134
57,819
314.963
288,773
2,500
27f,273
Net galnsllloss•81 on
Investrnents
11
1599.1361
1599.136}
510.779
510.719
Net mov•m•nt In lund•
1666.C601
157.8191 1723.879)
372.018
57,819
429,837
Fund balan¢os at 1 Apr
2022
2,060,876
S7.819
2,118.895
1.888.858
1,888,858
FurHI balan¢￿ •t 31
March 2023
I,3￿,819
1,394,816
2,￿0.876
57.819
2.118,895
Th• 8t#temenl ol flnandal acli¥ltse$ Indude5 al galn8 and losses reo)gnised In the year.
AJI Income and tsxpendlturn d•rhe from C￿lIn￿1n9 acllvllè•8.
16-

THE DWF FOUNDATION
BALANCE SHEET
AS AfJ1 MARCH 2023
2023
2022
Not••
bnmtrn•rti
1,3ao,558
2,031,308
13
10
50.000
91.406
C•Jh •t t*nk •nd In h•nd
56.280
55,280
141,465
Crndltorn., •fflounts falllry du• T*lthln
y￿r
IY,0561
{41.0001
14.260
87.399
Tp¢•l a•••t• IM• currnnt Il•blll¢l••
1.394.816
2,t18,895
Incl¥￿* fund•
Re•trti•d frJnd•
Unre•trid•d fiJnd•
67.819
2.060.878
17
1,394,818
1,394,818
2.118.696
Th• fI)and￿ w•rn •pprg¥•d by lh• Tru•tw on ....
S*DN
C8E

THE DWF POUNDAfioN
NOTP.I ro THQ PINANCIAL 8TATQMIINT•
POR THa YEAR INDdO J I MARCH 2OaJ
Chlrtly In1tsffi411on
Iliw I)￿ I'oiind•iion l• • UK r•uiii•rnd diirfly Tli• priniip•l •ddr•i• q•n b• bjuiid on 11)• l.•g•l •nd
1.1 A•••uniini •on¥•nllan
o¥•inlno d¢iuiim*nl, Ili•
Ilwii•lll l.iillty •• I1•fili•￿ by l.mll lu¥
rh• niiinTh•l •til•m•iil• Ii•vi ¥l•y*rt•d fmni lh• r,Ii•i11114 (Aoooiinli inil Il•poil•l Il•giil•iioii• Yl)(lfi nnly I
I'li• Iln•nri•l 4l*l•m•fii4 Ir• Iii•p•rnd In •l•iling, wlilol) l• th• ￿nall0￿•1 ourr•nay ol lh• th•rtly MDn•l•ry
rh• nn•ntl•l *l•l•m•iil• hi¥• b••n pr•p•r•d und•r Ili• lililorto•l eoii uonv•niion Th• phhalrfr•l •ryeouniing
polloi•• •r• ••¢ uiil b#liiw
nfi lh• Illh ••pl•mb•i iDaO. PoiNirtlll¢in WA• i•ul•lif•O •• • Ch•rllwJlil• Ina0￿￿11•￿ Oru•nl•Nllon
**r• *1111 Ili• n•w GIQ lu l•1• lo￿*1￿ Ili• Ll)•llly'i wgik
of ID• •1• now tsnd•rtik•n by lh• Clo, whlali l)•d • Dll op•nlftg poilllon.
Ih• Ir•n•l•i ol lh• nkiiblll•bl• •oll¥lll•• Dr•¥ittii•ly o•rrt•d on by nwF fiiiill•lil• foiindilloii h*• b••n
Th• prlor yui nn•n•L•I 1lll•m•nli pr•p•r•d ••11 P•und•llan IQIOI h•d l)••n In •xl•l•no• lor lh•
7hthol• pl pll(y P•1￿￿ •nd Il• o(iTripii•llW Y••I.
1.1 Oolnq Mno•rn
Al lh* Iiin• ol •Dpvowno lh• fin•nnlal •l•t•m•ni•. th• Iniil••i h•¥• • r•••on•bl• •xp•e.t•llon Ih•i lh• oh•dty
oonllliu• io •dopt lh• 0￿119 oono•m b•ii• ol •uuouiilliig prnp•ilng Ili• flii¥iiui41 il#lwii•nl•.
1,1 Ch•rll•bl• fvnd•
Unli•1￿￿•4 •rn •v•ilitsl• l•r •1 th• dl•er•llon ol th• IN•l••• In Airth•r•no• ol Ih•ii rJ)•rtl•bl•
l••irt*•d fvndl w• •iihl•fit ￿ •p•¢fv 40ndiiioni •• io him Ih•y ffl•y b• v••d. Th• wiw• and uim 01 lh•
•liir',l•d ￿1¥]• •1• 1*1 iiul In Ib• nolm N) lh• •o*]ounl•.
1,1 In••m•
In￿￿¥￿+ f• p•¢oqhi••d wh•n lh• ¢'.Mrtty i• *•lty •niiii•d lo 11 •ft•i •iiy p•iloim•no• ogndllbM• ￿•￿ b••n m•1,

THE DWF FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AIARCH 2023
Cash (k)rwtths are le(w￿Sed on r¢¢oipt other donalions are fKogni8ed LY*• th• d￿rty Pb•S be•n rKrtMod
of the donalwi. unl•ss pwlom8ne8 eondthns r•quK• def•Tr81 of lh8 amount Inctsn• tax I￿￿￿•t￿• *1
1rt4me Is reojrthd gross WKI Indudos lax deducted onty I￿n rt u r•pwt4•
Bank mtorost L8 in stat•m8nl olflnanc*l on r￿.
1.6 Exp•ndltstr•
ExF*ndrture ts r￿n￿e￿ on an acuu81s b•sis, i e #s scon ty a l•gd N l￿str￿ Ot4pAikvi
(￿￿nit￿g The DV4F Ch4nt4bkn FouThJation lo th¢ expendtturn.
pr P0￿bIe. each rt•m of •xpeTrJsture recr4nised 15 alkncated to th￿ntab￿ ac*¥*es cff o)vJrr•rKx
o)sls io ts purFrf)se If this Is rK)t tM)SSit4e the ccst Is a r•asonatA• pJsirfobl•
1.• Flx•d ••••t InTrf•Btm•nts
FLxed assel mestments arg Snilially ￿￿￿red at trans￿10￿ pr￿e exduthr4J tr8ns•Xw casts.
bseqLwty measured al tsir ¥8lug al each reFthJ"ng dale
Changes In law vAbJ• are
lexwndrturel for tha year Transaction costs are 8ypensed 8$ Ir￿l￿d.
1.7 Ca•h And cA•h •qulv*l•nts
Cash and cash equNaJ•nts mdude cash In hand, dèposits hèld el cam vthh banks, ￿ short.term
1A Fkn*n¢&l In•frum•nts
Th6 charty bas de¢Xed to appty the provision5 01 Section 11 'Bax Financ481 12
'(Xher FJnaThJal Instruments Issues. of FRS 102 to all of ts finana81 Instruments
assds aNI lthlrtjes 8re offsat. wlh th• nel amounts pl￿nted in the finarml Slateffl￿I$.
• legaty enfNce8bl• nghl to sel off the reCogn￿d amounts and there 1$ an Inten￿n to seN* on 8 r*t
baw tr to roatse th Asset 8nd 58ttto the ymuharteousty.
fmIn￿l assets. whth w￿l￿Je debtots ar￿ cash and bank balances, are initialty measiKed at
prt• iransas*n rmts •nd are Subsequ￿1￿ G#med at 8moth.sed cDsl Ihe eff¢cb
ernl mtlxxl unless the arrangemènt Lxr)strtutÈs 8 finanang Iransadign. where thè trnnsac1￿n
me•xrnl al th• wes•nt ¥•￿& ￿ the futurn rocewts djscounled •1 a m8th8t r8t• ol tntwesl. Finanud 8ss4ts

THE DWF FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
A¢#ountlng poll¢l
loonllnu•dl
ffn•ncl•l Il•bllltl••
BasK financjal 14abililie$, Induding creditors and bank loans are inrtially reuJgni¥èd al Iransadkjn pnce unless
the 8rrangemenl CDn5tilutes a financing Iransaclion, whère Ihè débt *nslrum8nl Is m•asured al the w•senl
valve of the future payments discounled at 8 rnorkel rale ol Inteiesl Finandal Iiabiljlies classrfied 8$ peyabk*
thin one year are not 8mortised.
Dobl Instrumanls are $ubsequ•ntly ¢arriod al amortised co$t. v#ing the •1[￿￿.¥& int•r•sl rAt• metlKKI
Trnde crethlors are obllg81ions to p#y for goods or services that have b•6n •equirot1 In Ihe ordinary ￿Urse ol
opeFations from suppliers Amounts payable #Fè classlfled as current Iiabililies 11 payment Is due wthln one
year or kss. 11 nol. they arè presented as non-current Iiabllilies Tr8de (xedrtgrs are recognised initgally at
Iransacbon prtce and subsequently measured al amorti8ed (yJst using Ihg ¢lfectiv? Intere31 rnelhod.
0•￿(￿nItIOn of Iln•n¢l•l Il•blllll•x
Financi&l Iiabilittes are derecognised when the charity's conlrnctual obSlg8lions expKe ￿ are diltharged oi
cancelled.
1.• Taxatlon
The ch8rty beneffts from various exemplTrons from lax8￿n afforded by tax legis18ts1)n 8nd is nol lia￿e to
c<)rpoiatlon tax on income or gains lalling vnthin those vxemptsons Recovery is made ol tax deduded fro
inc¥)me and IrDm Teceipt5 undef Gfft Aid.
Th• th4nty is nol able to fecover Value Added Tax. Expendilure is recorded In Ihe 8coiunls IndusNe ol VAT
1.fo Empl¢)y•• b•n•ftts
The cx)sl ol any unused ￿ttlay enb"lJemenl reeognised In the ptriod In wh*h thè •mploye6'S s•nrtC85 are
rece￿d.
remina￿n tenefts a￿ TecognFsad Immediately as trxpense when the eharity Is demonstrably ty)mmMed
twminate the ernploymènl of an employee or to Pfowde tem)ination benefrts
CrlOc•l a¢eountlnq Mtlm•t•• #nd Judg•m•nts
In the applKabon ol the chafrtys accDuntsng poltues. thtr Irusleos are required to make iudgemenls. eslirnates
and usumplknis at>out thtr carying amount ol assets and liab11￿.es Ihal are not readity apparent ITOM other
sources The eslimales and assoaated assurnplions are bèsed on hisloncal tKpèrierto and olher laciors that
o conwdèrod lo be ret8vant. Adual r•sults may dfflèr from these estsmates.
The 9stm1￿ and UndeFI￿ng assumplths are revwed on an ongoing basis Revisions io acix)unling
•8tsmaW are r¢¢t¥nised In Ihe penod In which the eslim&l8 is r8wsèd wheie the ievisDn affects only that
perKxl. or ￿ Ihe of the rW8￿n and lulur• pen'ods where the revision affecls both cuffenl and future
No LYrtK* •(rwrrtirNJ estimates Ixludgmerrt5 ￿re used in tho prèparat￿ ol thèse flnanci818talemgnts.
19-

THE DWF FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AIARCH 2023
fvhd•
fvnd•
2023
2022
22
121.n2
81
,319
121,885
fund•
2023
e8.428
ee.813
68.428
fund•
2023
12.436
13.182
12,4
13.182

THE DWF FOUNDATION
NOTES TO THE FINANCIAL STATEMENT8 ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2023
chrt¢•bl• •ollvl¥••
2023
St•ff ¢0¢18
Bank charges
Pnzo winnws
79
102
38245
37.128
Grant fundin9 of 4cl1vil￿% I￿0 nol• n
Sh•r• ol govamanc• costs Is•• not• 81
2￿.523 217.483
3.750
3rd.517
258 C61
An•ly•h ty fund
Unr•$tncled lunds
R•sthci•d tunds
244.098
57.819
255.591
302.517
258 (Pal
21