OpenCharities

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2024-04-30-accounts

**Trustees ** MsZBennett
MrPHolland
MrRBinns
MrMStanbury
MrJDaviesOBE
MsJChamberlain
MrSMonks
MsRAlexander
**Foundation Manager ** MsCBeavan
**Charity number ** 1191347
Principal address DWFFoundation
5StPaul'sSquare
OldHallStreet
Liverpool
L39AE
**Independent Examiner ** TonyStanleyACA
MitchellCharlesworth
SuitesC,D,E&F
14thFloorThePlaza
100OldHallStreet
Liverpool
England
L39QJ
**Bankers ** RoyalBankofScotland pic
1SpinningfieldsSquare
2ndFloor
Manchester
M33AP
**Solicitors ** DWFGroupLtd
5StPaul'sSquare
OldHallStreet
Liverpool
L39AE
**Investment advisors ** RathboneInvestmentManagementLimited
PortofLiverpool Building
PierHead
Liverpool
L31NW

**Page **
Trustees'report 1-12
StatementofTrustees'responsibilities 13
Independentexaminer'sreport 14
Statementoffinancialactivities 15
Bala neesheet 16
Notestothefinancialstatements 17-32

**Risk ** **Management of Risk **
Theoperationalriskfromgrantsawardsthatîheprocessofreportingandreviewassistsus,andthosewesupport,in
areineffectiveinsupportingthosewhoarekeepingtrackof theimpactourgrantgivinghashad.
disadvantaged
Thisreviewprocessretainsourfocusonthe publicbenefitderivedfrom
ourfundingoftheirwork.
rT"heriskofalackofcapacityto effectivelyThisismitigatedbysupportfromDWFGroupLimitedin providing
managethe grantsprogramme staffingandotherresourcesto helpintheoperationalmanagementof
heFoundation.
AgreementinplacewithDWFgroupLimitedoutliningthesupportand
howthiswillbe given.
Retaining trusteesofsufficient skillandThe board appointed3independent trusteestoassistwiththe
expertise tochairand people whowemanagementofthecharity,astheybroughtnewskillssuchas
support. investmentknowledge.
Thisalsohelpedmanage anyconflictofintereststhatmightarise asa
resultofthesharesreceivedfromDWF.
Establishingagovernancegrouptomaintain oversightofgovernance
requirements.
Reduced incomefromfundraisingandlAppointinginvestmentmanagerstoadvisetheboard andmanage
investment activity investments.
Managingcashflowcarefullyto planforfuturemeetingsandmakesure
~undsareavailable.
Setupfundraisingcommitteetoassist/encourage andsupportworking
MtithDWFemployeesandtheirfundraisingeffort.

**Committment ** **Meeting this commitment **
EDUCATEANDLEARN
Updatestrusteemeeting

FoundationManagerandCSROfficerattendeda
Wewillmakeopportunitiesforourtrustees,staffand numberofinformationsession and discussion eventsto
stakeholderstolearnmore aboutthekeycausesand engagewith others,sharelearningandlearnfromothers.
solutionsofclimatechange.
Reviewingfeedbackfromquestiononthe
¡applicationformaskingaboutsustainabilitywhen
planningthe project,informationtoinformthecontentof
~he"Consideringsustainabilitywhen planningyou
project"training
COMMITRESOURCES PillarofEnvironmentandsustainabilitytofocus
resourcesinthisarea.
Wewillcommitresourcestoaccelerateworkthat
ln2023 deliveredfirstworkshop/s""Considering
addressesthecausesandimpactsofclimatechange.(IHsustainabilitywhen planningyouproject".Plansto deliver
purgoverning documentor ~urthersessionin24/25
otherfactorsmakeitdifficultto directlyfundsuchwork,
~ewillfindother waystocontribute,orconsiderhow
such barriersmightbe overcome).
INTEGRATE Ourapplicationprocessisonline
Continueaskingquestionwithinthe grantform
Withinallourexisting programmes,priorities,and relatingtoconsiderationof the environmentwhen
processes,wewillseekopportunitiestocontributetoa planningprojects.
'airandlastingtransitiontoapostcarbonsociety,andta•
Withinour"Makinganapplicationsessionwe
supportadaptationtoclimatechangeimpacts. nowinclude"Consideringsustainability"

Paperless systems

Grantsnotificationsallelectronic.

Evaluationonlinepaperlessprocess

WorkingwithESGteamatDWFto gainsuppor1
andguidance aboutouroperationsandmakingthem
moresustainable.
::,TEWARDOURINVESTMENTSFORAPOST-CARBON•
WhenDWFGroupshares soldconsiderationsai
FUTURE partof theinvestmentpolicyashowtofundswouldbe
reinvested.
Wewillrecogniseclimatechangeasahigh-levelriskto•
RequestedthatRathbonesnowprovideESG
ourinvestments,andthereforetoourmission.Wewill reportsontheinvestmentportfolio.
proactivelyaddresstherisksand opportunitiesofa•
CommissionedCharityIntelligenceto doanESG
ransitiontoapostcarbon economyinourinvestment reviewof theinvestments.Asaresultofthefindingso1
strategyanditsimplementation,recognisingthatour hisreviewupdatemadetotheinvestmentpolicyte
!decisions cancontributetothistransitionbeingachieved. providemoreclarityon"ethicalinvestments".
DECARBONISEOUROPERATIONS
Majorityof trusteemeetingsnowonline

Wehaveatravelwithpurposepolicyrelatingte
Wewilltakeambitiousactiontominimisethecarbon meetingsand projectvisits
~ootprintofourownoperations.
Useofpublictransportencouragedforanytravel

Onlineapplicationandreviewprocess

When planningfundraisingactivityfactors
onsideredregardingtravel,environmentalimpactand
supplierused.
REPORTONPROGRESS
UpdatetoFunderscommitmenttoClimate
Changein2024
Wewillreportannuallyonourprogressagainstthefive•
SectioninourDWF FoundationAnnualReportte
goalslisted above.Wewillcontinuetodevelopour CharityCommissiontoupdate andshowprogress.
practice,tolearnfromothers,andtoshareourlearning.

**Unrestricted ** **Unrestricted ** **Restricted ** **Total **
**funds ** **funds ** **funds **
2024 **2023 ** **2023 ** 2023
**Notes ** £ £ £ £
**Income from: **
Donationsandlegacies 3 327,294 121,782 121,782
Investments 4 65,464 68,428 68,428
**Total income ** 392,758 190,210 190,210
**Expenditure on: **
Raisingfunds 5 15,787 12,436 12,436
Charitableactivities 6 277,871 244,698 57,819 302,517
**Total expenditure ** 293,658 257,134 57,819 314,953
Netgains/(losses)oninvestments **12 ** 401,769 (599,136) (599,136)
**Net income/(expenditure) and movement in funds ** 500,869 (666,060) (57,819) (723,879)
**Reconciliation of funds: **
Fundbalancesat1April2023 1,394,816 2,060,876 57,819 2,118,695
**Fund balances at 30 April 2024 ** 1,895,685 1,394,816 1,394,816

**2024 ** 2023
**Notes ** £ £ £ £
**Fixed assets **
Investments **14 ** 1,877,691 1,380,556
**Current assets **
Cashatbankandinhand 70,017 55,260
**Creditors: amounts falling due within one year **
**15 **
(52,023) (41,000)
**Net current assets ** 17,994 14,260
**Total assets less current liabilities ** 1,895,685 1,394,816
**The funds of the charity **
Unrestrictedfunds **17 ** 1,895,685 1,394,816
1,895,685 1,394,816
wereapprovedbythe trusteeson **.3.-:?..l.?:-.f .. l-01..r **

**Unrestricted ** **Unrestricted **
**funds ** **funds **
2024 2023
£ £
Donationsand gifts 327,294 121,782
4 **Income from investments **
**Unrestricted ** **Unrestricted **
**funds ** **funds **
2024 2023
£ £
Incomefromlistedinvestments 64,598 68,428
Interestreceivable 866
65,464 68,428
**Unrestricted ** Unrestricted
**funds ** funds
2024 2023
£ £
Investmentmanagement 15,787 12,436
15,787 12,436

**Unrestricted ** **Unrestricted **
**2024 ** **2023 **
£ £
**Direct costs **
Staffcosts 45,669 38,064
Bankcharges 79
Prizewinners 1,833 102
47,502 38,245
Grantfunding ofactivities(seenote7) 226,419 260,522
**Share of supportandgovernance costs (see note 8) **
Governance 3,950 3,750
277,871 302,517
**Analysis by fund **
Unrestrictedfunds 277,871 244,698
Restrictedfunds 57,819
277,871 302,517

**Unrestricted ** **Restricted ** **Total ** Unrestricted Restricted Total
**funds ** **funds ** 2024 funds funds 2023
2024 2024 2023 2023
£ £ £ £ £ £
Grantstoinstitutions:
(BRISSC). 2,750 2,750
240Project 1,000 1,000
2ndHealdGreenGuides 500 500
AblazeBristol 1,000 1,000
Above&Beyond 3,275 3,275
ActiveHopeLtd 4,890 4,890
ADHDFoundation
NeurodiversityCharity 3,500 3,500
Afghanistan andCentral
AsianAssociation 1,500 1,500
AFRICANREFUGEEWOMEN
(\"NZOTOYANKOLO\") 4,980 4,980
AfricanWomenImpactUK 1,000 1,000
AlderHeyChildren'sCharity 2,000 2,000
AltrinchamFC Community
SportsLtd 3,960 3,960
AnneFrankTrustUK 1,000 1,000
AnxiousMinds 2,000 2,000
AutismSpectrum
AssociationofIreland
(AspireIreland)to be paid
inEuro 2,808 2,808
BabyBankNetwork 700 700
BabyBasicsNorthampton 1,056 1,056
BackonTrack 1,692 1,692
BALLYDUFFFAMILY&
COMMUNITYSUPPORT
FORUMCLGBUD'SFAMILY
RESOURCECENTRE 1,000 1,000
BangorFoodbankand
CommunitySupport 2,700 2,700
Barking&DagenhamRacial
EqualityCouncil 1,500 1,500
BattleScars 1,500 1,500
BellevuePlaygroup 2,000 2,000
BigIssueNorthTrust 1,000 1,000
BirminghamLGBT 2,000 2,000
BloominDementia 1,500 1,500
Bridge2(Liverpool) 1,000 1,000
BrighterOpportunitiesfor
SpecialPeople 2,200 2,200
BromleyMencap 2,300 2,300

7 Grants payable **(Continued) **
BroughshaneEnvironment
Waterfowl andWildlife
Trust 2,500 2,500
BuildingSelf-BeliefCIO 2,000 2,000
BusinessintheCommunity
NothemIreland 500 500
CallanderYouthProject
Trust 1,000 1,000
CannonStreetMemorial
BaptistChurch 2,000 2,000
CareforCarers 2,484 2,484
CARESCO 1,458 1,458
CarlisleHospiceatHome 500 500
CarrManorCommunity
SchoolPTA 1,000 1,000
CASPA(Children onthe
AutisticSpectrumParents
Association) 2,000 2,000
Cerebra 2,000 2,000
CityGateway 575 575
CitywiseMentoringLtd 1,300 1,300
Clique(Brisbane) 2,700 2,700
Coffee4Craig 2,000 2,000
CompassDisabilityServices 1,000 1,000
Contact 3,600 3,600
CoventryRugbyCommunity
Foundation 1,000 1,000
CreateHope 1,000 1,000
DeinMünchen 3,000 3,000
DementiaAdventure 1,500 1,500
Digln 1,000 1,000
DisabilitySportsCoach 1,300 1,300
DisasterandEmergencies
Committee(DEC) 27,000 27,000
DoctorsoftheWorldUK 1,000 1,000
DonorUA 3,000 3,000
DORCAS(Daughters
Optimistic,Respect,
Courage,Assurance&
Support) 1,000 1,000
DovecotandPrincessDrive
CommunityAssociation 2,000 2,000
DownpatrickAutismFamily
SupportGroup 3,000 3,000
DublinSimonCommunity 4,806 4,806
EastLancashireCommunity
ActionProjectLtd 1,000 1,000
EastLancashireHospice 1,522 1,522
EastLondonOutProject 1,500 1,500
Ecodes 4,000 4,000

**Grants payable ** **(Continued) **
EdinburghFoodProject 500 500
EdinburghHeadwayGroup 1,000 1,000
EmpoweringChildren 2,500 2,500
EndFurniturePoverty 3,420 3,420
FACTLiverpool 2,000 2,000
FederationsofDisability
SportOrganisation(Also
known asDisabilitySport
Yorkshire(DSY)) 1,990 1,990
FetLorYouthClub 1,400 1,400
FightforPeace
InternationaI 2,240 2,240
FightingAllCancers
Together 2,500 2,500
Footsteps2000Ltd 2,000 2,000
FundacjaHerosi 1,000 1,000
FundacjaRak'n'Roll.Wygraj
Zvcíe! 2,500 2,500
GatesheadYouthCouncil 1,976 1,976
GenesisTrustBath 2,000 2,000
GeorgesCrypt 500 500
GlasgowCityMission 1,650 1,650
GoldenCentreof
Opportunities 2,400 2,400
GordonNeighbourhood
House 2,500 2,500
GreenWhaleFoundation 1,934 1,934
GreenockMedicalAid
Society 2,500 2,500
GreyfriarsCharterisCentre 1,000 1,000
Gympanzees 1,500 1,500
HalléConcert'sSociety 2,500 2,500
HandsonLondon 3,000 3,000
HarmenyEducationTrust 1,000 1,000
HealthinMind 2,000 2,000
HeartsandMinds 2,050 2,050
HeelandToeChildren's
Charity 1,000 1,000
Home-StartHampshire 2,500 2,500
InnovationsforLearningUK 2,000 2,000
Jacari 2,000 2,000
JagritiBlindGirlsSchool 2,500 2,500
Kensigngtonfields
CommunityAssociation 500 500
KILCOOLEYWOMENS
CENTRE 500 500
KingdomWayTrust 1,000 1,000
KNOWSLEYFOODBANK 500 500

7 **Grants payable ** **(Continued) **
LadywoodCommunity
Project 1,000 1,000
LeedsBabyBank 2,100 2,100
LeedsHospitalsCharity 250 250
Lewis-ManningHospice
Care 3,000 3,000
LiverpoolCancerCareSelf
HelpGroup 2,000 2,000
LondonBasketball
Association 2,400 2,400
LondonHearts 1,540 1,540
Make2ndsCount 1,500 1,500
Mama2MamaBaby
Essentials 500 500
ManchesterYouthZone 2,000 2,000
MelanomaMeFoundation 1,000 1,000
MigrantSupport 2,000 2,000
MoveOn 900 900
MovingOnwithLife&
Learning 1,400 1,400
MoxieFoundation/
WorkingWardrobe 2,500 2,500
MuslimWomen'sCouncil 2,500 2,500
MyBigCareer 2,500 2,500
NationalAssemblyof
PeoplewithDisabilities 5,000 5,000
NewHorizonYouthCentre 1,500 1,500
NFBMJagriti SchoolFor
BlindGirls 2,500 2,500
NoahEnterprise 2,500 2,500
NorrisGreenCommunity
Alliance 1,000 1,000
NorthTynesideDisability
Forum 1,800 1,800
NorthWestAirAmbulance
Charity 2,580 2,580
NurturingFoundations 1,000 1,000
OpenHouseFestival 1,700 1,700
Other 357 357
OutburstArts 2,000 2,000
OutRightLGBTIQUkraine
EmergencyFund 6,000 6,000
OvergateHospice 2,000 2,000
OzerUmagen 1,500 1,500
PAH (2,500) (2,500) 2,500 2,500
PakistanRed(resent 3,000 3,000
ParaDanceUK 2,500 2,500
PARKVIEWPROJECT 1,000 1,000
PassionforLearningCIO 3,400 3,400

7 **Grants payable ** **(Continued) **
PennyLaneDevelopment
Trust 2,166 2,166
PolishHumanitarianAction
(PolskaAkcjaHumanitarna) (9,000) (9,000) 9,000 9,000
PollokshieldsCommunity
FoodPoint 1,640 1,640
Purpose ofLife 1,000 1,000
RE:ACT 5,354 5,354
Re:ACTDisasterResponse 2,000 2,000
RefugeesAtHome 5,000 5,000
RochdaleHornetsSporting
Foundation 2,000 2,000
RoseberyCentre 1,000 1,000 2,000 2,000
RotaryClubofBuxton 400 400
RoyalLiverpool
PhilharmonicSociety 2,500 2,500
RuralCoffeeCaravan 500 500
RutherglenCommunity
Carers 3,155 3,155
SARASWATIANATH
SHIKSHANASHRAM(SASA), (2,500) (2,500) 2,500 2,500
SedberghYouth&
CommunityCentre 2,000 2,000
SelbyWoodScoutCampsite
partofBlythValleyDistrict
Scouts 3,870 3,870
SELFAChildren'sCharity 1,500 1,500
ShaftesburyYouthClub 2,000 2,000
ShelterBox 2,000 2,000
Shine21 2,000 2,000
SickleCellCareManchester 2,235 2,235
SilverlineMemories 2,000 2,000
SisterslN 2,500 2,500 2,500 2,500
SmartWorksCharity 2,500 2,500
SOFAProject 2,400 2,400
SolidaritésAnglicanes 1,000 1,000
SolihullMoorsFoundation 1,000 1,000
SOSChildren'sVillages
AssociationinPoland
(FundacjaSOSWioski
Dzieciece] 26,000 26,000
SOSFoodBank(Bank
ZvwnosctSOS) 6,181 4,819 11,000
SpaceatTheBroomhouse
Hub 2,000 2,000
SpreadSomeSunshine 2,250 2,250
StAnne'sHostel 1,700 1,700
StJohnsHospice 1,750 1,750
StMichael'sChurchSocial
Action 500 500

7 **Grants payable ** **(Continued) **
StVincentdePaulSociety,
Leeds 1,S00 1,500
StanleyParkEcology
Society 2,973 2,973
StonehillCommunity
Gardens 895 895
StonewallFootballClub 350 350
SuicideCrisis 1,500 1,500
SuitedforSuccess 1,000 1,000
SunderlandWomen's
Centre 2,000 2,000
SunshineWishesChildren's
Charity 1,000 1,000
TafelDeutschland e.V. 500 500
TanyardYouthProjectLtd 146 146
Tarkachildcontactcentre 1,000 1,000
TheAnneRobsonTrust 2,240 2,240
TheBasingstoke andAlton
CardiacRehabilitation
Charity 1,000 1,000
TheBigHelp 500 500
TheBobbyColleranTrust 2,000 2,000
TheCharlesHesketh
FleetwoodHesketh
MarshsideRecreation
Ground 500 500
TheChronicleSunshine
Fund 2,000 2,000
TheConservation
Volunteers 500 500
TheFilliesGFC 1,000 1,000
TheFriendsofMendip
SchoolPTA 2,000 2,000
TheGlasgowBarons 2,000 2,000
TheGreatOrchestraof
ChristmasCharity
Foundation(Wielka
OrkiestraSwiqtecznej
Pomocy) 4,000 4,000
TheHappyAndHealthy
Trust 2,840 2,840
TheMarieTrust 500 500
TheNewtownabbey
Foodbank 500 500
TheRefugeeTrust 2,500 2,500
TheRiverManchester 1,500 1,500
TheSocietyOfSt.MaryThe
VirginlnIndia 2,500 2,500
TheWayWolverhampton
YouthZone 1,000 1,000

7 **Grants payable ** **(Continued) **
TheWidowsEmpowerment
Trust 3,036 3,036
TheWildlifeTrustfor
Lancashire,Manchester
andNorthMerseyside 1,710 1,710
TheYard 1,000 1,000
TheirVoice 1,000 1,000
TinderboxTheatre
Company 2,000 2,000
TinyTimsChildrensCentre 2,500 2,500
TLCStLuke's 2,350 2,350
TooGoodToWaste
(EllesmerePort) 4,800 4,800
Tools4Teens 2,000 2,000
Ukraine 20,000 20,000
Unity-Empower 500 500
Up'NAway 1,000 1,000
UrbanUprising 2,470 2,470 1,000 1,000
VeteransAid 1,000 1,000
WaverleyCare 3,018 3,018
WoloFoundation 1,250 1,250
WomankindBristol
Women'sTherapyCentre 1,500 1,500
WoodworkToWellness 1,000 1,000
WorthUnlimited 500 500
Ykids 1,800 1,800
YorkshireFoodBank(April
2023)(pol.org.uk) 500 500
YoungAsianVoices 2,000 2,000
YourSanctuary 1,500 1,500
Youthscape 2,100 2,100
226,419 226,419 202,703 57,819 260,522

8 **Supportcosts **
**Supportcosts ** **Governance ** 2024 2023
**costs **
£ £ £ £
Audit/Independentexaminationfees 1,000 1,000 1,000
Accountsfees 2,950 2,950 2,750
3,950 3,950 3,750
Analysedbetween
Charitableactivities 3,950 3,950 3,750
Governancecostsincludespaymentstotheaccountantsof£1,000inrespectofindependent examinationfees(2023-
£1,000)
9 **Net movement in funds ** 2024 2023
£ £
Thenetmovementinfundsisstatedaftercharging/(crediting):
Feespayablefortheindependentexamination ofthecharity'sfinancialstatements 1,000 1,000
2024 2023
**Number ** **Number **
FoundationManagerandCSROfficer 1 1
**Employment costs ** 2024 2023
£ £
Wagesandsalaries 45,669 38,064

11 **Employees ** **(Continued) **
**Remuneration of key management personnel **
Theremunerationofkeymanagementpersonnelwasasfollows:
2024 2023
£ £
Aggregatecompensation 45,669 38,064
**Unrestricted ** **Unrestricted **
**funds ** **funds **
2024 2023
Gains/(losses) arising on: £ £
Revaluationofinvestments 94,774 (519,673)
Sale ofinvestments 306,995 (79,463)
401,769 (599,136)

**14 ** **Fixed asset investments ** **(Continued) **
**Listed Cash in portfolio ** **Total **
**investments **
£ £
**Cost or valuation **
At1April2023 1,353,948 26,608 1,380,556
Additions 1,254,436 1,254,436
Valuationchanges 94,774 94,774
Movementincashvalue (20,229) (20,229)
Disposals (831,846) (831,846)
At30April2024 1,851,083 26,608 1,877,691
**Carrying amount **
At30April2024 1,851,083 26,608 1,877,691
At31March2023 1,353,948 26,608 1,380,556
**15 ** **Creditors: amounts falling due within one year **
**2024 ** **2023 **
£ £
Accrualsanddeferredincome 52,023 41,000

**Movement in funds ** **Movement in funds ** **Movement in **
**funds **
**Balance at ** **Incoming ** **Resources ** **Balance at **
**Incoming **
**Balance at **
1 **April2022 ** **resources ** **expended ** 1April 2023
**resources **
**30 April2024 **
£ £ £ £
£
£
Ukrainerelief 57,819 (57,819)

**At 1 April 2023 ** **Incoming ** **Resources Gains ** and losses At 30 April 2024 and losses At 30 April 2024
**resources ** **expended **
£ £ £ £ £
Generalfunds 1,394,816 392,758 (293,658) 401,769 1,895,685
**Previous year: ** **At 1 April 2022 ** **Incoming ** **Resources Gains ** **andlosses ** **At 31March **
**resources ** **expended ** 2023
£ £ £ £ £
Generalfunds 2,060,876 190,210 (257,134) (599,136) 1,394,816

**Type ** **Nameof party ** Transaction type (please
**state if none) **
Trustee SirDuncanNichol-
resiqned 25February2025
Trustee MsLindsayOgunyemi-
resigned 30September
2024
Trustee MsZelindaBennet
Trustee MrPeterHolland
Trustee MrRobertBinns
Trustee MrEdwinOliver-resigned
25February2025
Trustee DrJamesDavies
Trustee MrMarkStanbury
Trustee Ms JewelsChamberlain
Trustee MsCarolynFeber-
resiqned 25February2025
Trustee MrSeanMonks
Trustee MsRebeccaAlexander-
Aooointed17July2024
Keymanagement MsClareBeavan Salary(rechargedfrom
DWFqroupLimited)
Other DWFGroupLimited,its Paymentofoperation
membersandsubsidiaries expensesvia donation