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2021-09-30-accounts

Charity number: 203142

THE DOLPHIN SOCIETY

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

THE DOLPHIN SOCIETY

CONTENTS

Page
Reference and Administrative Details of the Charity, its Trustees and Advisers 1
President's statement 2
Trustees' Report 3 - 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9 - 15

THE DOLPHIN SOCIETY

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2021

Trustees Mimi Avery
Vere Boscawen (resigned 13 November 2020)
John Hollingdale
David Pople
Joyshri Sarangi
John Davies (appointed 13 November 2020)
Helen Elizabeth Moss CBE (appointed 23 March 2021)
Sandie Foxall-Smith (appointed 23 March 2021)
Edward Corrigan (appointed 9 December 2020)
Frank Smith (resigned 9 December 2020)
Charity registered
number
203142
Registered office
c/o Smith and Williamson
Portwall Place
Portwall Lane
Bristol
BS1 6NA
Administrator
Sean Hollinswaite
Bramford House
23 Westfield Park
Clifton
Bristol
BS6 6LT
Independent Examiner
Bishop Fleming LLP
Chartered Accountants
10 Temple Back
Redcliffe
Bristol
BS1 6FL
Bankers
National Westminster Bank Plc
Bristol City Office
South West RCSC
740 Waterside Drive
Aztec West
Bristol
BS99 5BD
Investment Advisors
Smith & Williamson Investment Management
Portwall Place
Portwall Lane
Bristol
BS1 6NA

Page 1

THE DOLPHIN SOCIETY

PRESIDENT'S STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2021

The President presents his statement for the year.

2020 / 2021 started with much promise, and with high hopes of fewer constraints and greater freedoms following the lockdowns during the early stages of the pandemic. Unfortunately, this was not to be case, and it was not until July 2021 that there was even a moderate lifting of restrictions. Sadly, it has been the elderly and vulnerable who have continued to be most severely impacted, with many left feeling incredibly isolated, lonely and lacking confidence. Consequently, the Dolphin Society’s role in supporting the elderly in need within Bristol has been as important as ever.

Last year the Society’s finances were given a boost by the record-breaking fundraising achieved by last year’s President , Mimi Avery. This enabled the Society to both continue with its core services and provisions, as well as to expand its offering to meet new needs. The Society has regularly contributed to an “Independent Living Fund” run by We Care Home Improvements. This fund enables fleet-footed and rapid response to address emergency repairs and essential home adaptations. This year we have been able to increase that contribution to meet the very apparent and growing needs. Dolphin telecare (pendant) technology has long been another core provision, although less and less so as Bristol City Council take over more of the responsibility for this service. We were nevertheless gratified to be awarded a Lottery grant towards the upgrading of our pendant technology from an analogue to a digital platform.

The Society funded two new services during the year, both delivered by We Care Home Improvements. “Housing Options” is intended to assess the suitability of homes and to provide practical support for a move where deemed necessary; and “Making Space” is a service supporting people with hoarding tendencies, with the Dolphin Society providing assistance with the establishment and recruitment of peer support groups. The existing “Home from Hospital” service continued during the year, with the trial period for this project now being extended through to September 2022.

The Society has also continued to support other charitable organisations and projects that support its objectives, both directly as well as collaboratively through the Bristol Older People’s Funding Alliance. These include the Marmalade Trust, Bristol Somali Resource Centre, Bristol After Stroke, and North Bristol Advice Centre.

This year, it was once again the turn of the Dolphin Society to arrange and coordinate a Thanksgiving service, and this was held as a candlelit service in the Lord Mayor’s Chapel, followed by a reception at Bristol’s Freemasons’ Hall.

In closing, the Society acknowledges the substantial contributions made by Sean Hollinswaite, Administrator, and offers thanks to the Society’s Management Committee as well as its members for their unfailing support throughout the year.

David Pople President 2020/21 Date: 2 March 2022

Page 2

THE DOLPHIN SOCIETY

TRUSTEES' REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2021

The Trustees present their annual report and financial statements of the Charity for the year ended 30 September 2021. The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the Charity’s trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16 July 2014.

Objectives and activities

a. Main activities undertaken to further the charity's purposes for the public benefit

The objects of the Society are to apply the income and capital of the Charity for the following charitable purposes:

The Society has complied with the duty in Section 17(5) of the Charities Act 2011 to have due regard to public benefit in carrying out the above objectives by:

Achievements and performance

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

Page 3

THE DOLPHIN SOCIETY

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021

b. Financial review

Donations received during the year, together with Gift Aid repayments amounted to £104,702 (2020: £144,855).

Investment income for the year totalled £6,161 (2020: £7,588).

Direct charitable expenditure amounted to £150,063 (2020: £160,337).

Support costs of the Annual Appeal and of administration were £20,213 (2020: £22,701).

The deficit for the year after unrealised losses on investments was £30,657 (2020: £11,783).

The unrestricted funds at the year end were £182,627 (2020: £223,208) and restricted funds at the year end were £9,924 (2020: £nil).

c. Reserves policy

The Society's reserves policy is to aim to retain a sum equal to approximately one year’s expenditure, which is currently estimated to be £100,000.

The Society is committed to a series of projects over the next two years which are substantially in excess of the anticipated levels of Appeal funding. This is a deliberate policy to bring the Society’s reserves back to the target level of £100,000 referred to above.

Structure, governance and management

a. Constitution

The Dolphin Society is a registered Charity, established in 1749 and founded in memory of Edward Colston. The Charity works to enable the elderly to live independently and with peace of mind in their own homes, a continuing and growing need. These accounts incorporate the activities of the Edith Gardner Charity, L B Welchman and Emma Howell Trusts.

Members (in addition to Trustees)

Roger Baird Mike Lea Keith Bonham MBE DL Laura Marshall Vere Boscawen Dayrell McArthur Robert Bourns DL Bob McKinlay Denis Burn Vanessa Moon Giles Clarke CBE DL Alfred Morris CBE DL Chris Curling DL Jos Moule Roderick Davidson (deceased Jan 2022) Stephen Parsons MBE DL Martin Davies-Jones Mary Prior CVO MBE Fiona Densham Tim Pyper Andrew Densham CBE Tim Ross Martin Flook Trevor Smallwood OBE DL Fiona Francombe (resigned 17/02/2021) Roger Smedley MBE Tony Heaford Frank Smith Michael Hill MBE Sir James Tidmarsh KCVO MBE

b. Management

The Trustees formulate the broad strategy and areas of activity for the Society, following consultation with the Members. New members are appointed by the continuing Members. The day to day administration is delegated to an Administrator.

Page 4

THE DOLPHIN SOCIETY

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021

Structure, governance and management (CONTINUED)

c. Risk management

The Trustees have considered the major risks to which the Charity is exposed and have taken appropriate measures to mitigate those risks.

Independent examiner

The Trustees have decided that under the terms of Section 144 of the Charities Act 2011 (The Act) the Society was not obliged to submit its accounts for audit and further that an independent examination of the accounts would satisfy the requirements of the Act. Joseph Scaife DChA, FCA of Bishop Fleming LLP was appointed Independent Examiner.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees on 2 March 2022 and signed on their behalf by:

David Pople

(Trustee)

Page 5

THE DOLPHIN SOCIETY

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2021

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE DOLPHIN SOCIETY ('the charity')

I report to the charity Trustees on my examination of the accounts of the charity for the year ended 30 September 2021.

RESPONSIBILITIES AND BASIS OF REPORT

As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

INDEPENDENT EXAMINER'S STATEMENT

Your attention is drawn to the fact that the charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.

Signed:

Dated:

Joseph Scaife DChA FCA

BISHOP FLEMING LLP

Chartered Accountants 10 Temple Back Redcliffe Bristol BS1 6FL

Page 6

THE DOLPHIN SOCIETY

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2021

Note
Income from:
Grants and donations
3
Investments
4
Total income
Expenditure on:
Investment management costs
5
Charitable activities
Total expenditure
Net income/(expenditure) before net
gains/(losses) on investments
Net gains/(losses) on investments
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2021
£
9,924
-
9,924
-
-
-
9,924
-
9,924
-
9,924
9,924		 Unrestricted
funds
2021
£
94,778
6,161
100,939
1,286
170,276
171,562
(70,623)
30,042
(40,581)
223,208
(40,581)
182,627		 Total
funds
2021
£
104,702
6,161
110,863
1,286
170,276
171,562
(60,699)
30,042
(30,657)
223,208
(30,657)
192,551		 Total
funds
2020
£
169,855
7,588
177,443
1,321
183,038
184,359
(6,916)
(4,867)
(11,783)
234,991
(11,783)
223,208

The notes on pages 9 to 15 form part of these financial statements.

Page 7

THE DOLPHIN SOCIETY

BALANCE SHEET AS AT 30 SEPTEMBER 2021

Note
Fixed assets
Investments
8
Current assets
Cash at bank and in hand
Creditors: amounts falling due within one
year
9
NET CURRENT ASSETS
Total net assets
Charity funds
Restricted funds
10
Unrestricted funds
10
Total funds		 30,519
30,519
(24,783)		 2021
£
186,815
186,815
5,736
192,551
9,924
182,627
192,551		 22,528
22,528
(9,884)		 2020
£
210,564
210,564
12,644
223,208
-
223,208
223,208

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

David Pople (Trustee)

John Hollingdale (Hon. Treasurer)

Date: 2 March 2022

The notes on pages 9 to 15 form part of these financial statements.

Page 8

THE DOLPHIN SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

1. GENERAL INFORMATION

The Dolphin Society is an unincorporated Charity and is registered at the Charity Commission in England and Wales. The principal office is care of Smith & Williamson, Portwall Place, Portwall Lane, Bristol, BS1 6NA.

2. ACCOUNTING POLICIES

2.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The Dolphin Society meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 GOING CONCERN

The Trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern. The trustees have also considered the recent COVID-19 events, and with this in mind, believe the going concern basis is still appropriate for the financial statements.

2.3 INCOME

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

2.4 EXPENDITURE

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Expenditure on raising funds includes all expenditure incurred by the charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.

Page 9

THE DOLPHIN SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

2. ACCOUNTING POLICIES (continued)

2.4 EXPENDITURE (CONTINUED)

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

2.5 INVESTMENTS

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of Financial Activities.

2.6 LIABILITIES AND PROVISIONS

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

2.7 FINANCIAL INSTRUMENTS

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.8 FUND ACCOUNTING

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

Page 10

THE DOLPHIN SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

3. INCOME FROM GRANTS AND DONATIONS

Donations
Grants
TOTAL 2020
4.
INVESTMENT INCOME
Investment income
TOTAL 2020
5.
INVESTMENT MANAGEMENT COSTS
Investment management fees
TOTAL 2020		 Restricted
funds
2021
Unrestricted
funds
2021
£
£
9,924
94,778
-
-
9,924
94,778
25,000
144,855
Unrestricted
funds
2021
£
6,161
7,588
Unrestricted
funds
2021
£
1,286
1,321		 Total
funds
2021
£
104,702
-
104,702
169,855
Total
funds
2021
£
6,161
7,588
Total
funds
2021
£
1,286
1,321		 Total
funds
2020
£
144,855
25,000
169,855
Total
funds
2020
£
7,588
Total
funds
2020
£
1,321

Page 11

THE DOLPHIN SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

6. ANALYSIS OF EXPENDITURE BY ACTIVITIES

Direct costs
TOTAL 2020
ANALYSIS OF DIRECT COSTS
Pendant alarms and telecare monitoring
Grants payable to WE Care & Repair - General
New projects
WE Care hospital technician
Covid Project Southmead Development Trust
Housing Options
TOTAL 2020		 Activities
undertaken
directly
2021
£
150,063
160,337
Repair Fund		 Support
costs
2021
£
20,213
22,701
Activities
2021
£
28,218
37,500
25,370
48,000
-
10,975
150,063
160,337		 Total
funds
2021
£
170,276
183,038
Total
funds
2021
£
28,218
37,500
25,370
48,000
-
10,975
150,063
160,337		 Total
funds
2020
£
183,038
Total
funds
2020
£
42,239
37,500
5,000
48,000
27,598
-
160,337

Page 12

THE DOLPHIN SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

6. ANALYSIS OF EXPENDITURE BY ACTIVITIES (CONTINUED) ANALYSIS OF SUPPORT COSTS

Phone, printing, postage, rent and stationery
Appeal costs and brochure
Annual Dinner (guests of the Society)
Administration fees
Independent examiner's fee
Travel expenses
TOTAL 2020		 Activities
2021
£
1,436
-
84
15,745
2,200
748
20,213
22,701		 Total
funds
2021
£
1,436
-
84
15,745
2,200
748
20,213
22,701		 Total
funds
2020
£
3,217
781
506
15,315
2,040
842
22,701

7. TRUSTEES' REMUNERATION AND EXPENSES

During the year, no Trustees received any remuneration or other benefits (2020 - £NIL).

During the year ended 30 September 2021, no Trustee expenses have been incurred (2020 - £NIL).

8. FIXED ASSET INVESTMENTS

COST OR VALUATION
At 1 October 2020
Additions
Disposals
Revaluations
AT 30 SEPTEMBER 2021
NET BOOK VALUE		 Listed
investments
£
210,564
45,948
(82,772)
13,075
186,815
AT 30 SEPTEMBER 2021
AT 30 SEPTEMBER 2020		 186,815
210,564

Page 13

THE DOLPHIN SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

8. FIXED ASSET INVESTMENTS (CONTINUED)

All the fixed asset investments are listed investments and held in the UK.

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Accruals and deferred income
STATEMENT OF FUNDS
STATEMENT OF FUNDS - CURRENT YEAR
Balance at 1
October
2020
£
UNRESTRICTED FUNDS
DESIGNATED FUNDS
Designated Funds
100,000
GENERAL FUNDS
General Funds
123,208
TOTAL UNRESTRICTED
FUNDS
223,208
RESTRICTED FUNDS
National Lottery Funding
-
TOTAL OF FUNDS
223,208		 Income
£
-
100,939
100,939
9,924
110,863		 Expenditure
£
-
(171,562)
(171,562)
-
(171,562)		 2021
£
24,783
Gains/
(Losses)
£
-
30,042
30,042
-
30,042		 2020
£
9,884
Balance at
30
September
2021
£
100,000
UNRESTRICTED FUNDS
DESIGNATED FUNDS
Designated Funds
GENERAL FUNDS
General Funds
TOTAL UNRESTRICTED
FUNDS
RESTRICTED FUNDS
National Lottery Funding
TOTAL OF FUNDS
82,627
182,627
9,924
192,551

10. STATEMENT OF FUNDS

Page 14

THE DOLPHIN SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

10. STATEMENT OF FUNDS (CONTINUED) STATEMENT OF FUNDS - PRIOR YEAR

UNRESTRICTED FUNDS
DESIGNATED FUNDS
Designated Funds
GENERAL FUNDS
General Funds
TOTAL UNRESTRICTED
FUNDS
RESTRICTED FUNDS
Lottery funding
Covid Project Southmead
Development Trust
TOTAL OF FUNDS		 Balance at
1 October
2019
£
100,000
132,491
232,491
2,500
-
2,500
234,991		 Income
£
-
152,443
152,443
-
25,000
25,000
177,443		 Expenditure
£
-
(156,859)
(156,859)
(2,500)
(25,000)
(27,500)
(184,359)		 Gains/
(Losses)
£
-
(4,867)
(4,867)
-
-
-
(4,867)		 Balance at
30
September
2020
£
100,000
123,208
223,208
-
-
-
223,208

The Trustees have designated £100,000 as detailed in the reserves policy in the Trustees' Report.

The National Lottery Funding is to pay for digitalisation of existing analogue telecare units. The Dolphin Society has not been able to purchase any units yet (although they are on order) due to the global microchip shortage.

Lottery funding was a contribution towards administrator's salary costs.

Covid Project Southmead Development Trust was a grant received for COVID expenditure, and this was all spent within the year.

11. RELATED PARTY TRANSACTIONS

The Dolphin Society received aggregate donations of £3,770 (2020 - £3,175) from Trustees.

Page 15