REGISTERED CHARITY NUMBER: 1200374 ort of the Ti'ustees and audited an¢ial Statenients for the Year Ended 31 Mah 2024 for DMW TRUST Khadka Aceountancy Services Ltd Chartered Ac¢ountantS 220 The Vale London NWI I8SR
DMW TRUST Contents of tlie Financial Statements for the Year L'nded I l March 2024 Page Report of th¢ Ttustees Independent Examiner's Report Statement of Fit)ancial Acliviti¢s Balance Sheet Notes to lh£ Financial Statements D¢tpiled Statement of Financial Activities
DMW TRUST Re rt of the Trustee% for the Year Ended 31 Mai'eh 2024 The Trustees present theii. iepoi'l and the independently examined financial statements of the charity for the pei'iod ended 31 March 2023.The truste¢s have adtspted the provisions of the Statement of Recomin¢nd¢d Pi'acti¢¢ ( SORP) 'Accounting and Repoiting by Chai'ities" in preparing the ant)ual IEPOrt and financial statement of the charity. The financial statements have been preprd in aecoixiance with accounting policies set out in th¢ notes to th¢ accounts and Comply witli lh¥ charity's governing docurnent, tlie Charities Act 2011 and Accounting and Reponing by LhaTltie5'. Ststement of Recot2ull¢Trded practice applicable to chai'ities preparing accouiity in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland published in Octobei. 2019. FINANCIAL REVIEW Reserves policy It is the policy of the chai'ity to maintain unresiricted funds, which are the free reserves of the charity, at a level which equales to approximately six months unrestricted expenditure. Thts provides sufficient funds to cover manag¢inEnt and administration and &upport costs.Unrestri¢t¢d funds w¢re maintained at this level throughout the Ye.. Going eoneer Th¢ financial stateinents have been pr¢par¢d on p going concern basis as ihe trustees believe that no matei'ial uncertainties exist. Tlie trustees have considered the level of funds h¢ld and the expected level of income and expenditure foy 12 months from authorising these financial statements. The budg¢l¢d cOme and expenditure is sufficient wilh the level of I'¢seivcs for the charity to be able to continue as a going concern. STRUCTURE, GOVERNANCE AND MANAGEMENT Covei'ning document The charity is controlled by its govei'ning document, a deed of trust and consti¢Ui¢S an unincorporated charity. REFERENCE AN'D ADMINISTRATIVE DETAILS Registered Charity numbey 1200374 PrincÈpAI addi'ess 220 fHF. V ALE LONDON NWI18SR Trustee# Mr A O WEISSBRAUN Mr M Weissbraun Mrs D Weissbraun Mi. I Weissbralln Independent Examinei. N Khadka ACA FCCA Khadka Accountsncy S¢rvicES Ltd Chartered Accountants 220 The Vale London NWII 8SR Approved by order of the boai'd of trustees on 10 February 2025 and signed on its behalf by.. Mr M Weissbrauii- Ti'ustee Page I
Inde endent Examiner's Re DMW TRUST ort to the Trustees of Independent eKamlner'$ report to tlie trust¢es of DMW TRUST I repoit to the chai'iry trustee% on My ¢xamination of the aOunt$ of DMW TRUST (the Trust) for tl)e year ended 31 Mai'ch 2024. Responsibiliti¢5 %nd b8$ls of report As the chai'ity ti'ustees of the Trust you are re%ponsibl¢ for the pi'¢palBtion of the accounts in accordance with the requirements of the Chai'i¢ies Act 2011 ('the Act,). I report ill respect of my examination of the Tnt'S Accounts carried out under Section 145 of th¢ Act and iii cariying out Tny examin81ion I have followed all applicable Directl9tJs given by the Charity Commission undei. Section 145(5)Ib) of th¢ Act. Independent examiner's statement I have ¢onipleted my exainination. I CODfirin that no material matters have ¢ome to Iny attention in connection with the ¢xaminatign giving me cause to btlieve that in any material respect.. accounting records were not kept in resp¢ct of the Trust as required by Section 130 of the Act. or th¢ accounts do not accord with those records., or the a¢¢ounts do not comply with the applicable Tequiremenls ¢onceming the fÉirm aT)d content of accounts set out in the Charitie5 (Accounts and Reports) Regulations 2008 other than any requirement that the accounts giv¢ a true and fair view which is not a matter coiisidered as part of an ind¢pendent examination. I have no concerns and have come across no othei. mattel's in conneciion with the examination to whÉch attention should be drawn in thts report in order to enable a proper understandiiig orth¢ accounts to be reached. N Khadka ACA FCCA The Institute of Chaitertd Accountants in England and Wales Khadka AecountaD¢y Services Ltd Chartered Accountan¢s 220 The Vale London NWII 8SR 10 February 2025 Page 2
DMW TRUST Statement of Financial Activities foi. the Year Endcd l March 2024 Period 14.9.22 to 31.3.23 Total funds Year Ended 31.3.24 Unre5ti'icted fund Noies INCOME AND ENDOWMENTS FROM Donations and legacies 85.002 457,423 EXPENDITURE ON Charitable aetiviti Donation to charities 11,000 Other 600 400 Total 11,600 400 NET INCOME 73,402 457,023 RECONCILIATSON OF FUNDS Total fijnds brought fo]mrd 457,023 TOTAL FUNDS CARRIED FORWARD 530,425 457,023 The notes fol. pai'l of thes¢ financial siatemenis Page 3
DMW TRUST Balance She 31 Mftych 2024 31.3.24 Unrestricted nd 31.3.23 Total funds Notes FIXF.n ASSETS Inv¢stments 457,423 457,423 CURRENT ASSETS Debt013 Cash in hand 41,998 31,404 73,402 CREI DITORS Atnounts falling due within one year 10 (400) (400) NET CURRENT ASSETS 73,002 (400) TOTAL ASSETS LESS CURRENT LIABILITIES 530.425 457,023 NET ASSETS 530,425 457,023 FUNDS Unrestricted futtds: G¢neral fund 530,425 457,023 TOTAL FUNDS 530.425 457,023 The financial statements were approved by th¢ Board of Trustees and authorised for issue on 10 February 2025 and were sign¢d on its b¢half by.. vl, k4,(. Mr M Weissbraun- Ti'ustee The not¢5 form part of these fth2ncial siat¢menls Page 4
DMW TRUST Notes to the Financial Statements for the Year Ended 31 Mareh 2024 ACCOUNTING POLICIES BRsi5 of preparing tlit finxnclal statement$ The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have beetk prepared in accordance with A¢¢ounting and Repoiting by C.hai'itie8.' qtatcmcnt of Rcconimcndcd Pr2Ctice applicable to chai'Eties preparing their accounts in accordance with th¢ Financial Reporting Stsndard applicabl in the United Killgdom and Republic of Ireland (FRS 102), the Charities A¢(2011, and UK Generally Accepted Ac¢ouDting Practice. The financial statemenis have been pr¢pared to give a'lrue and fair, vi¢w and hay¢ departed from the Charities ( Accounts and Reports) Regulation 2008 only to the extenl requiird to provide a true and fair view. This depailure has invtrlved following the Accounting and Reporting by Chai'ities.. Statement of Recommended Practice applicable to charities prcparliig their accounts aceoi'dance with the Financial Repoiting Standard applicable in th¢ UK and R¢publi¢ of Ircland i$5u¢d in O¢tober 2019. The financial statements are prepared on a going Concern basis under the historical convention, modified to include ceitain items at fair value. Ineome reeognitio All income is recognised in the Stateinent of Financial Activities once the ctiarity has entilleTnenl to the funds, it is probabl¢ that the income will be received and the amount can be measured reliably. Expenditure Liabilities al'e I'ecognised as expenditure a5 soon as Ilier¢ 15 a l¢gal or constructive obligation committing the chai'ity to that expenditure, it is pi'obable that a transfer of economic benefits will be requiird in settletn¢nt and the amounl of the obligation can b¢ measuitd reliably. Expettdituye ig accounted fot. on an accruals basis and has bB¢ii ¢la55ified under headings that aggregate all cost related to the category. Where costs Cannot be directly attributed to particular headings Ih¢y l)&v¢ b¢¢n allocated to activities on a basis consistent with the llse of resources. Grants offered subject to conditions which have not beett met at the year end date are not¢d as a ¢OTnmi(tn¢nl but not accrued as expenditure. Taxatlon The charity is exempt fro¥n t8x OTr its chai'itable activities. accounting Unr¢stri¢ted ndS can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for p&rti¢iilar r¢strici¢d purposes within the objects of the chai'ity. Restrictions arise when specified by tlie donor oi. when funds are raised for particular restricted purpos¢s. DONATIONS AND LEGACIES Period 14.9.22 to 31.3.23 Y¢ar Ended 31.3.24 Donations 85,002 457,423 Page 5 coi)tinued...
DMW TRUST Notes to the Financial Statements- continu for the Year Ended 31 March 2024 CHARITABLE ACTIVITIES Cogfs Grant funding of actkvities (see note 4) Donation to charitics 11.000 GRANTS PAY ABLE Period 14.9.22 Year Ei)ded 31.3.24 31.3.23 Donation to charities 11,000 SUPPORT COSTS Governance costs Oth¢r resources expid£d TRUSTEI ES, REIVIUNERATION AND BENEFITS There were DO trustees, Irmuneration or oth¢r benefiis for tlie year end¢d 31 Mar¢h 2024 nor for the period ended 31 Mai'ch 2023. Trllstees, expenses There were no tn15t¢¢s' expenses paid fov the year ended 31 Marrh 2024 nor for the pei'iod ¢nded 31 March 2023. COMPARATIVES FOR THE STA TKMENT OV FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 457,423 XPENDITURE ON Other 400 NET INCOME 457,023 TOTAL FUNDS CARRIED FORWARD 457,023 Page 6 continued...
DMW TRUST Notes to the Financial Statements- Continued for the Year E.nded l March 2024 FIXED ASSET INVESTMENTS Fixed Asset investtn¢nt COTnprised of 10 perc¢r*t holdings in the share Capital of Ockway House Ltd, a company registered irt England and Well$. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Other debtors 41,998 io. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Other creditOl'5 400 400 MOVEMENT IN FUNDS Net movement in funds At 31.3.24 At 1.4.23 Unre$trleted funds General fund 457,023 73,402 530,425 TOTAL FUNDS 457,023 73,402 530,425 Net movement sn funds, in¢luded in the above ar¢ as follows.. Incoming I'esources R¢buuires expended Movement in fund5 Unrestrieted funds General fund 85,002 {11,600} 73,402 TOTAL FUNDS 85,002 (11,600) 73,402 Comparatives for movement in fmnds Net niov¢ment in funds At 31.3.23 Uiire5trleled funds General fund 457,023 457,023 TOTAL FUNDS 457,023 457,023 Page 7 continued...
W TRUST Not£4 to the Finat]cial Siatements- conlinued for the Year Ended l March 2024 MOVEMENT IN FUNDS- Continued Comparative net movement in funds, Included in the above are as follows.. Incoming resources Resoui'ces expended Movement in funds Unrestricted funds General fund 457,423 {400) 457,023 TOTAL FUNDS 457,423 (400) 457,023 12. RELATED PARTY DISCLOSURES During the yeai. A B Strom and R Strom Cha¥itablB trLlSt mad¢ a donation of £80,000(2023- £457,423) to the trust. AB Strom and R Sirom Charitable Trust is a related paity a$ a result of trustees Mr Michael Weissbraun and Mrs Debbie Weissbraun are also ti'ustees of AB Strom and R Strom Charitable Trust. During the yeai. Mr Michael W¢issbraun made a donation of £5,000 (2023 - 0> to the charity. Fund5 owed by Z¢dek Trust at 31 Mai'ch 2024 amounted to £41,998 (2023 - 0). Zedek Trust is a related party as Mr Michael Weissbiaun is also a trustee of Zed¢k Trust. Page 8
DMW TRUST Detailed Statement of Financial Activities for the Year Ended 31 Marc 2024 Period 14.9.22 io 31.3.23 Year EndEd 31.3.24 INCOME AND ENDOWMENTS Donati0115 and legfi¢les Donations 85,002 457,423 Tolxl ineoming ro8our¢es 85,002 457.423 EXPENDITURE Charitable aetivitie$ Graiits io institutions 11,000 Support eosts Governance costs Accountancy and l¢gal fees 600 400 Total itsoui'ces expended 11,600 400 Net iNrome 73,402 457,023 This page do¢s not form part of the statutory financial gtAtem¢nts Page 9