REGISTERED CHARITY NUMBER201794 DOUGLAS ARTER FOUIYDATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Adams Root Limited tla Adams Root & Associates Chartered Certified Accountants Brlstol
DOUGLAS ARTER FOUNDATION CHARITY INFORMATION Reglslered Ch8rlty Number: 201794 Trn5tees: GVArter JLHudd P M Yardley Miss B J Arter CEArter Secretary: Miss B J Arter Charlty Offic¢: Fem Villa Melksham Road Patterdown Chippenham SN15 2NR Aceountsnts: Adams Root Ltd tla Adams Root & Associates Chartered Certified Ac¢ounlants 86 Shireh8mpton Road Stoke Bishop Bristol BS9 2DR Bankers: Barclays Bank Pl¢ 86 Queen's Road Clifton Bristol BS8 IRB Investment m#n*gers Char1¢5 Stanley & Co Limited 26 Qu¢¢rt Square BAI 2HX
DOUGLAS ARTER FOUNDATION FOR THE YEAR ENDED 31 DECEMBER 2024 CONTENTS Page Trnthes Report Aceounl*w¢'$ Report SOFA B•l•nce Sheet NotH to ¢h¢ A¢¢ou#ts
DOUGLAS ARTER FOUNDATION REPORTOFTHE TRUSTEES OFTHE DOUGLAS ARTER FOUNDATION FOR TIIE YEAR ENDED 31 DECEMBER 2024 The Thiskes preseni ilieir report wlth the finonci81 staiements for the year ended 31 December 2024. Objects The objects of th¢ Trust contained in the TTUSt Deed dated 9* December 1960 continue to be that for the Trust¢es to apply the Irusl fvnds for such charitable purposes. as the Th15tees shall from time to time decide. Adlvlties The TnJsi¢e$ current policy is to make grants to re8lStered rhBriiies within the UK. whose a¢tiviiies are specifically for the benefit of the mentally and physically disabled of all ages. The Trustees mak¢ grants where they 8r¢ considered to be most effective. taking inlo account the feasibility of projew con¢¢rned, the fin8ncial situation, fvndin8 already available, numbers of people benefitin8 and voluntsry and self help 0$pts. Appli¢aiions for 8rJnts musi be made by letter selling ou¢ in brief con¢is¢ detail the Clear objectives of the appeal. Detsils of funding already available. includin8 delails of 5¢1f help and a limelable for the proj¢cL log¢iher with a copy of the lal¢$t audit a¢¢oun need ¢0 included with the applicatiort. Appeals should be for spe¢ific proje¢ts. 8nd the Truslees do not support core cos1$. su¢h as salaries. research. major developmenl ¢OSts. All grants are rnade on a one off basis with no ongoing ¢ommitment. Appeals are ccepted from registered ¢harilablc organisation$ only, Consideration of an app¢al does not 8u8rantee a gr8nl; thi$ un depend on ¢ircumslon¢es such as the number of appeals under consideration and funds available al the lime. Th¢ award of a grant does not guaTanl¢e the suKess of any subsequent appeals. Repeat appeals may not be considered if made within a twelve rnonth per1j of an earlier award. Appeal$ must be addressed by p05t lo Th¢ S¢¢retary and enquiries by e-mail ¥nd telephone will no¢ be ac¢¢pt¢d. In the past it been the pracilce of the trus1 to acknowledge all appeals, either by letter or E-mail. prior to meetings and io write further to advise of the award of a grant or decline of an appcal. In future lo cut down on costs ed artd only su¢¢essful applicants will be infom)ed after Trustee meetings. The Trnstees meet four times a year, in the first week of March, June, September and DeC¢mr, and ¢hequ¢5 for grants aword¢d will be sent by the Second weekend of those months. Publle benent The Trusiees consider that the tnbSt's aciivitke5 meet the requirements of the Charity Commi53ion's guidelines on Public Benefit. ApIntment octruste Trusie¢s arc appointed by invSlaiion and approval by the existin8 Trus¢¢eJ. Revlew During the year 2024, the Tru$t received 340 appeals. 152 granL¥ were awarded, ranging in value from £250 tg £I,c and amournting in total 10 £81,371 (2023 - £78.950). I gTanr was for an amount of £250. 1 for £371, 138 for £S¢)O. I for £750. 1 l ftir £l.000. Jnvestment polley The Trustees, Invesbnent Policy is lo ensure that funds available are invested to provide distributable income to support the objects of the crusL while endeovouring to maintain d)e real value of the Funds over the long teTm. To achieve this The Ttee$ use the services of a Profwional Invesiment Management Company> Charles Slanley and Co.
DOUGLAS ARTER FOUNDATION REPORT OF THE TRusfEES OF THE DOUGLAS ARTER FOUNDATION FOR THE YEAR ENDED 31 DECEMBER 2024 Reserve5 The Tntsl no specific requirement for reserves and distributes its income &$ needed lo satisfy grants awarded. Rl$k polley The Truste¢5 ron5ider that the main area of risk is in lh¢ value of investments through adverse flu¢atiOnS in the Stock Morkets. In order to minimise the risk. investm¢nts are managed by a prof¢5siong1 Fund Manager. frequent contset is maintsined and regular r¢vi¢ws take plac¢. There is a150 the risk of loss of dath maintained on a ¢omputer, but normal backup pro¢edure5 are carried out. and loss of such data. whilst inconvenient, would noi offect the Trust's ability io continue with ils grnnl making activities. Financl81 results The Finan¢io1 results for the year are di10Sed in the ac¢ounts on pages 5 to 8. During the year investments coniinu¢d to be manY4ged by Charles Stanley & Co. The Market lue of the Trust'$ portfolio increased by £12.014 (0.38%) 08ainst the 2023 valuation. Income increed to £122.134. an increase of £5.79188ains¢ 2023. The Trust is able to meet all its obligations. A¢¢ounlants M¢s$rg. Adams, RLWt and Associal¢s w¢r¢ )ppointed as Aecounlants to the TNsi in 2010, and have indicated their willingness to ¢oniinue. Trustees The Trusiees duTin8 the Y¢ar and ai the date of this report were follows.. Mr. G.V, Arter (Chairnian) Mr J. L. Hudd Mr P.M. Yardley Miss B. J. Arter MS C.E. Arter Seer¢t•ry Miss B. J. Art¢r Pojt balanee ihttt events No material events have occurred sin¢e the Balance Sheet date.
DOUGLAS ARTER FOVNDATION REPORT OF THE TRusfEE5 OF THE DOUGLAS ARTER FOUNDATION FOR THE YEAR ENDED 31 DECEMBER 2024 Trn5tCes RespoD51blllltes Charity Laiv requirts ilie Truslees to prepgre financial 5t#t¢ments for exh finaDei•l year. which give 4 true and fair view of the state of atTAirs of the chority at th¢ year end and of its adiviii¢s durin8 that year. In prepariDB thos¢ financial thtem¢nts. th¢ Trustees are required to: selecl 5uilable a¢¢ountin8 11¢]¢$ and then amily them cMsist¢ntty; rnake judgements and ¢5tim8t¢5 that are r¢asonoble and pitht. 5tai¢ wheiher applicabl¢ a¢eounling stsndards and ststements of mmmended IKacti¢¢ have been follow¢d subje¢t to any departures disclosed and explained in the fingrtcial statements- and prepare the financial 5t•ments on the goin8 ¢oncem wless it is inappropriate to presume that the ¢h4rity will continue in bysiness. The Trusiees art r¢sponsible for maintaining proper ounting rec(d5 which di5¢1ose with re&sonable xcura¢y at any time ihe financial posÉtion of the charity and ¢nabl¢ ihem to ensure that the fmancial strMentS comply with th¢ Charities A¢t 2011. th¢ Charities SORP 2005 (Accounling and Reporting by Charities) and comply with th¢ Chariti¢s (Accounts and Reports) Regulations 2005 issued under the Charili¢S Act 2011. They are a150 responsible for 5afe8uardin8 the &ssets of the charity and hence for takin8 reasonable $teps for the Yerttion and detection of fraud and ¢Mhff irre8ulanties. TRUSTEE..... . .. TRUSTEE... Dated: 24& July 2025
REPORT OF THE AccouNfANTS TO THE TRUSTEES OF DOUGLAS ARTER FOUNDATION FOR THE YEAR ENDED 31 DECEMBER 2024 W¢ rep on the accounts of the Trusi fff the 31M De¢ember2024, &% set out on P¢S 5 10 8. Respectiv¢ responsibilities ofTrusttes Accollnt4ttts The Thjstees are resp¢)n511Jle for the preparation of the anntsal financi statements of the Tru5L Th¢ Trnst¢¢s consider that an audit is not Tequir¢d for thi5 yw (under seciion 144 (2)) of the Charitbes Act 2011 (The 2011 Act)) and that an independent examinalion needed. It is our Teswisibility to: i examine the accounts (under seetion 145 of the 2011 Ad). li follow the wocedure$ laid down in the Genml Direciions given ty the Clwity Ccrfnmissioners {undeT secti¢)n 145 (5) (b) of the 2011 A¢t)' and iii stat¢ whether particular matters have come to our aiienliQn. B4515 of Ac¢ountants Report Our examination was carried out in occordance with the Gertra] Directions given by the Charlty Commissioners. An examination includes the review of the accountin8 records kept by th¢ charity and a wnparison of the accounts pre5enied with those records. It also includes considerntion of any unusual items or disclosures in the acciwnt4 and seeking expl#naiions from you as TnJste¢s concerning such matters. The predureS uttdertaken do not provide all the evidenre that would be required in an audiL and consequently, we do rt expre55 an audit opinion on the vi¢w given by the accoun Accountants Statome*t In connection with our examina¢ion. no matter has come ¢0 our attention: i whieh 8ives us reanable ¢ause to b¢lieve that in any matrrial re¥Ject the requirements io keep accounling records in accothce with 5edion 130 of the 2011 Ac4 and to prepare accounts which a¢cord with the aw)unling r¢wrds and comply with the accounting requirements of the 2011 Act have not been me¢ or li to Whic in our opinirm. att¢Dtion should be drnwn in order to ¢nabk a proptt UnderstIng of the accounts io be reached. Adams Root Limite Chartered Certified A Bri01 t & Assoeiates untants Date: 241b July 2025
DOUGLAS ARTER FOUNDATION sfATEMENf OF FINANCIAL ACflVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Notes lmtoming resourees from gener•ted ftAnds Ntt ineomt from investments Charles Stanley Interest re¢eived 122.134 116.343 Interest on Stsmp tty repayment Tot1 in¢oming resourtts Direct ehAritblt expendlture Gifts and donatioDs- national 89,738 84.381 Costs of8ener*iln8 Cunds Investmeni management f¢c- Charles Stanky GoverAan¢e ¢wts Rent Secretary's fee IndepEndent examiners. fee Athninistration exFttses Grdtia payment Repaits 4.150 17.710 2.062 1276 2200 16.555 2.043 1.486 3.000 487 1,516 Total resources txpended 125012 Net rnovement in resourees before rev•l¥atio45 (IOJ34) (&669) Holding gains 1055es Gainl(Loss) on sal¢ of investments Provision for (lossesygains on investments Unrealised (Ios5esygain5 on investsn¢nts 12.713) (32.567) 53,763 (6.981) (18.359) 4.575 Net (expenditureYIDCOme for tht year Net movtmewt ID funds 149 (29.434) Fund balance brought forward 31112r2023 3.647.174 3.676.608 Fund balance urried forward 3111212024 £ 3,655?23 £ 3,fA7.174
DOUGLAS ARTER FOUNDATION BALANCE SHEET AS AT 31 DECLMBER 2024 31 Dttembtr 2024 31 Decernber 2023 Note Investments 3,189,IY2 3.177.168 Flxed Assets Tangibk Assets 443.735 443.735 Current asYtJ Cxher Deor¥ Barclays Bank Pl¢ Current Acwunt 5SO 550 14.826 14.225 Charles Stanley Capital accouni lJJ¢om¢ A¢¢ouni 6,352 0.428 Totll current •sxts 28.944 32,021 Credllorg Amounts falling due within one year Net ¢4rren¢ •sts 22.406 £ 3655323 26.271 £ 3647174 Net wtJ Aeeumul*ted Bal4n¢e brought f(Thard Net movements of fijnds in year 3.647.174 8.149 3,676,608 (29.434) £ 3655323 £ 3647174 Approved by the trustees on 24th Juty 2025 and si8wI on its, b1r by: TRUSTEE TRUSTEE
DOUGLAS ARTER FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountln8 policies a) Ststemenl of Recommended Pra¢lice (SORP) These accounts are in accordance wilh applicable 4ccounting standards. the Charities SORP 2005 (Accounting and Reportin8 by Charilies) and ¢omply with the Charities (Accounts and Report5) Regulations 2W5 issued under the Chariiies Act 2011. b) Historic Cosl cOnv110n Accounts have en prepared on th¢ Histori¢ Cost convention with the single exwition of stock market inve5thi¢nts. which are valued ai maTkel value. ¢) Income and Expenditur¢ All the Trust'$ incoTn¢ is-Unrestri¢ted- income 8nd is d¢riv¢d directly from its sto¢k market investsnents. Income and expendityre is account¢d for on the accTu8ls basis and includes VAT where applicable. d) Investments Investments have been valued at market value as at 315t Dttember 2024 and any provisions or unreali5¢d gains 8ainst historic cost have been included in the Stal¢ment of Financial Activities for the year. Net In¢ome from Investm¢nts- Chirlts Stsnlry Received Cash dividends Rights issue Interest paid gr05S 2024 118245 3,416 473 122,134 2023 116.038 305 116343 Unr¢*lised Cllths on InvestmeDts 2024 1,515.69) 2023 1.511.115 Unrealised gains brought forward at l¥ January 2024 Inciea5el(d¢¢r¢ase) in unrealised gains for the year Unrealised gains led forward at 31X December 2024 1569 453 1.51569) Related Party Trnnsactiotts Rent for office faciliiies are paid to Mr G V Arter. Chairman of the Thtees. Trustecs are trimbursed expenses for attending mee¢ings and their duties as Trustee4 such as presenting grants. directly related to Trus¢ activities. ID 2024. l Trustee (2023- 2 TNstees) were reimbursed for expenditure incurred I0]11ng £505 (2023- £1,068). Investments 21124 2023 At cost Add Unrealised Gains 1.800.565 1569 453 3,370,018 180 836 3 189.182 1.809,747 1315,690 3.325.437 148 269 3.177.168 Ixss Provision for Losseg At Market Value
DOUGLAS ARTER FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DEcgMBER 2024 T#n¥ible flxed ssets FTeehold premises Cost or vAlu#tlo At l January 2024 Addiiions At 31 D¢¢embeT 2024 443,735 Depre¢iatlon At l January 2024 Charg¢ for ihe year Ai 31 Decernr 2024 Net book v*lu At 31 Decemb¢r 2024 At 31 December2023